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
Also on the programme thInkIng outside the box. Why people with dyslexia could be best placed to unlock the potential of ai. And, back down to Earth. Astronauts from All Over The World gather In The Netherlands for their annual convention. But what will they be talkIng about . Well hear from one of them welcome to to busIness today, im ben thompson. We begIn In the us, where Port Workers across the East Coast are set to walk out on Strike Tomorrow and to global supply chaIns. The action announced on sunday by the Port Workers union could shut down 36 ports which handle half the goods imported Into the us via contaIner. AccordIng to analysts atjp morgan, the cost to the us economy could be 5 Billion a day. ShippIng rates are already soarIng ahead of the crucial festive shoppIng season. Mr president would you Intervene In a dock Workers Strike . Intervene In a dock Workers Strike . , Intervene In a dock Workers Strike . Why Intervene In a dock Workers Strike . No. Why not . Intervene In
Heavy equipment, agricultural products and pharmaceuticals. The ports account for more than half of container imports. Consumers are not likely to feel the effect right away and many businesses have tried to get ahead of this by stockpiling or diverting shipments to the West Coast and i spoke to the ceo of The Port of long beach and he said they had a record august but having said that, if the strikes go ahead and last for weeks, they could lead to shortages and high prices for consumers. Who; high prices for consumers. Why are we in high prices for consumers. Why are we in this high prices for consumers. Why are we in this position . The entire east Coast Port Infrastructure could be shut down by this . Why have the talks broken down . The dock Workers Union talks broken down . The dock Workers Union have talks broken down . The dock Workers Union have been talks broken down . The dock Workers Union have been in l Workers Union have been in talks with the us Maritime Alliance now four
reception from congressional lawmakers both sides of the aisle during explosive hearing today. but, first, china s very bad intentions for the u.s. via hacking. the head of the fbi sounding a serious alarm tonight. correspondent david spunt has details. good evening, david. bret, good evening. fbi director christopher wray chooses his words carefully and his words today sobering. china s hackers are positioning on american infrastructure in preparation to wreak havoc and cause real world harm to american citizens and communities. wray warned lawmakers during a hearing on cybersecurity and china s aggression. he says chinese hackers outnumber u.s. cyber personnel at least 50 to 1. u.s. intelligence agencies identified hundreds of routers that have been taken over by a china-backed hacking program called volt typhoon. the program injected malware into u.s. sectors like energy communications and water treatment. china s intent? to destroy or degrade the civilian critical
ourselves because it was almost 250 years before a woman could stand at this desk not just to give a prayer. but to get the gavel. pennsylvania s new house speaker, joanna mcclinton, just one of a rapidly growing number of powerful women in this country, but ironically women now have less bodily ought omthan we had in 50 years. also new developments in jack smith s investigation into why the lawyers who did donald trump s bidding have reason to be very nervous. and if he doesn t win a grammy, it s rigged. tonight, you ll hear donald trump s new song recorded with a choir of prison inmates. no, i m not joking. and we begin tonight with the vital role of women in american history. something especially celebrated during women s history month which started this week. it is pretty remarkable when you think about it, the gains women have made since the 19th amendment was ratified in 1920, when women, but really white women, secured the right to vote. of course, women of col