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US Rail Strike Could Devastate Economy, GOP Rep Warns

Transcripts for CNN CNN Tonight 20240604 02:34:00

polis is looking into that. so if they were supposed to work the way they were supposed to, it didn t happen. but governor polis i m sure will be working on that and more needs to be done there. all right. council member nancy henjum, thank you very much for your time tonight. i really appreciate it. thank you, kasie. i appreciate you giving time to colorado springs. of course. and another blow to the american economy could be just weeks away. the threat of a freight rail strike is back, and with it the possibility of new price hikes and more supply shortages. a key player in this drama joins us with where things stand after a critical meeting today and why the issue isn t actually about paychecks. that s next. ts amazing c camera at t-mobile. wow! at t-mobile, get four iphone 14 s s on us and four new lines for $25 bucks a line. among my patients, i often see them have teeth sensitivity as well as gum issues. does it worry me? absolutely. sensodyne sensitivity & gum gives us the

Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20240604 15:58:00

as we enter the holiday shopping season, the u.s. could face a crippling freight rail strike. this is rank and file members of the largest rail union rejected, a temporary labor deal with the freight railroad. cnn politics correspondent van vanessa yurkevich joins me now. it seemed like we were over the hump here and how did we get here again and what could that mean for the supply chain. this would be a blow during the holiday season. 30% of the freight moves by rail and you have this fourth, this largest rail union voting down this tentative agreement and now you have four rail unions who have voted it down altogether and they are back at the negotiating table today trying to hammer out a deal with these railroad companies to try to avoid a nationwide strike that could happen in two weeks. three of those unions have agreed to a december 9th strike

Transcripts for CNN CNN Newsroom 20240604 20:02:00

freight rail strike. leaders of four railroad unions and management returned to the negotiating table today after members from the largest rail unit rejected a tentative labor deal. if no deal is reached, a strike could happen as soon as december 5. vanessa, a lot at stake here. reporter: and including the u.s. supply chain 30% of freight moves by rail and when you take one transportation mode out of commission, that is crippling for the supply chain and also impacts inflation. but as you said, the four unions that voted no on this deal are back at the negotiating table today with these rail companies trying to get some sort of deal done in the next two weeks. now, three of the unions have agreed to a december 9 strike date while one union is looking at a december 5 strike date. but this all centers around rank and file members saying that they are unhappy with the lack

Transcripts for CNN CNN Newsroom With Ana Cabrera 20240604 18:52:00

now, portugal s cristiano ronaldo is officially out at the club he blasted just days ago. manchester united just confirming that both sides have agreed to terminate his contract early, effective immediately. this move comes just days after ronaldo blasted his club, its executives, and its coach in an explosive interview with piers morgan. manchester united did not mention any of that in its statement. american retailers are bracing themselves for what they re calling a looming economic disaster. a trade group that represents dozens of the nation s biggest stores says congress may need to step in to avoid what they re calling a devastating freight rail strike that could be coming. and time is running out. cnn s matt egan is here now. matt, the nation s biggest rail union just rejected another stab at a deal here. what happens if they don t reach an agreement soon? reporter: well, ana, it would be a mess, a mess that would impact virtually everyone. america s economy relies on rail.

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