And pharmaceuticals, to clothes and toys, with ports accounting for more than half imports in containers. If it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something the new york governor weighed in on. The potential for disruption is significant. We have not had an event like this in our ports since 1977 and that lasted 12 days. We are deeply concerned about the impact that a strike could have on our supply chains, especially when it comes to critical goods like medical supplies and others. Under the 1947 act, president biden has the authority to order workers back to work but the current administration said it would not intervene and encourages all parties to keep negotiating in good faith. The chairman of the federal reserve has dampened hopes of another big rate cut. He was speaking in tennessee and added the central bank was not in a hurry to cut rates. Indexes saw price falls during the speech but have since recovered.
On automation, the union boss has been warning dock workers that their jobs could be replaced by machines. In response, that us maritime alliance says it is offering to keep the current ban on fully automated equipment. A strike could cost the us economy $5 billion a day according to jp morgan analysts. A range of goods flow through the east and gulf coast ports. Everything from raw materials and pharmaceuticals, to clothes and toys, with the ports accounting for more than half of containerized imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something new york governor kathy hochul weighed in on. The potential for disruption is significant. We have not had an event occur like this in our ports since 1977 and that lasted 12 days. We are deeply concerned about the impact that a strike could have on our supply chains, especially when it comes to criti
Resource tonight and angry president biden responds to donald trump accusing him of lying about the government s response to hurricane helene. Politics colliding with a natural disaster. As officials are still searching for survivors tonight. Meanwhile, israel has just launched a ground offensive into lebanon where airstrikes are lighting up the skies from beirut to damascus, or sit in teams are live in the middle east and as trump is calling for the police to get violent and calling his opponent. And i m quoting him now, mentally disabled holds a big name republican will join me as he is endorsing vice president harris. I m kaitlan collins, and this is the source tonight one of the deadliest storms and are nascent nation s history is colliding with the closest election in modern history. But we cannot let that a clubs what is happening tonight inside these states, inside north carolina and georgia is a hundreds of people who are still missing or unaccounted for this evening. The death
As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
Its the first such attack outside the lebanese capitals Southern Suburbs. These are the live pictures from the same area. A small palestinian militant group, the popular front for the liberation of palestine, says three of its leaders were killed in the blast. In lebanon, israel attacked more than 120 targets on sunday. At least 50 people are reported to have been killed in a series of attacks in the east of the country, including in the bekaa valley. With the latest, heres chi chi izundu. Destruction in the centre Of Beirut. This shows the apparent aftermath of an Air Strike on a Building CLose to a major Transportation Hub in the lebanese capital. Israel has been targeting hezbollah sites on the outskirts Of Beirut, but this is thought to have been the first time an attack has been carried out within the limits in the past year. Within the City Limits in the past year. The lebanese Prime Minister says the continuing Air Strikes may have forced as many asi million people from their ho