so we saw when yantan closed down in shenzhen. that s a huge container terminal as well. hundreds of thousands of shipments, contents of the port, goods were accumulated in factories and warehouses, and it took weeks after the port reopened to clear the cargo backlog. and you ll probably remember the effects cascaded to the u.s. there were port traffic jams in los angeles and other ports around the world. now, the difference this time is it s not just one port. it s an entire city that s closed down, and we re talking about a highly interconnected, global trade center. so this is going to have impacts on supply chains. it s going to push prices up. we re going to see more inflationary pressure, and this is coming at the same time, of course, as the war in ukraine, which is also a supply shock to the global economy as well.
michael rubin. good morning to both of you. good morning. carley: good morning, michael. the biden administration doing a big, old victory lap but the headlines from wall street journal yesterday says the southern california ports are struggling to the cargo backlog of the omicron surges and the article says before pete buttigieg in california, so few dockworkers that operations were effectively halted. what is going on here? it is way too early to declare victory and it is getting much worse. over 100 vessels waiting to get in. it is actually faster to get to the east coast of the united states instead of california. we are open in florida and hopefully the administration will take some of those potentially available dollars and invest in supply chain routes in florida. we didn t get any money in the
(kate) at verizon, we want to put the power of 5g in the hands of every business. deals for days. so come in for verizon small business days. every butcher, baker and artisanal cheese maker. schedule an appointment with our business experts, and get up to $1000 off a 5g phone. because every business deserves better. sandra: one week out from one of the biggest shopping days of the year. some retailers are struggling to keep their shelves stocked you may have noticed thanks to the cargo backlog that continues at key ports off the coast of california. jonathan hunt is live in long beach. a very real problem. a lot of americans are experiencing it. it really is, sandra. the latest figures we have by
the maoists in the 1950s. they are saying i ll come after you. i think sinema and manchin ought to switch parties and say you don t like us or want us, goodbye. this stuff is crazy and also as you know in the case of rand paul he had six ribs broken by a crowd that attacked he and his wife. so i think there we ought to look at this and realize this is dangerous stuff. dana: try to persuade not this kind of thing. we ll see what happens today. a lot happening on the hill. bill: in the meantime on the supply chain crisis many store shelves empty as the cargo backlog at key ports in california continues. now facing pressure to act president biden s commerce secretary appears to be passing the buck. jonathan hunt is back on that story port of l.a. jonathan, good morning there. what s up? good morning to you, bill. a very large cruise ship pulls in behind us at the port of l.a.