Maine to texas. It could cost the economy billions of dollars a day while the team may not feel the pinch right away if it extends always a good style supply chains and we to shortages and higher prices out of the presidential election. Food prices are likely to react first according to economists. Ryan pedersen is the balde chief executive of flex port. He is a sense of the impact of the strike on consumers. This will be a the strike on consumers. This will be a massive the strike on consumers. Ti 3 will be a massive disruption, thus far you haven t seen it will not act the consumer unless it lasts more than another week or two but then you will see big shortages and really high prices of all kinds of goods that will result from this. . , , ~ of goods that will result from this. . , a i. Of goods that will result from this. . , i. . , of goods that will result from this. . ,. , , of goods that will result from this. . ,,. , this. I ll ask you a bit about c stal this. I ll ask
You will not see this affect the consumer analysis unless this lasts another week or two and then see big shortages and really higher prices of all kinds of goods that will result from this. To ask you about crystal ball thinking, it can be a bit tough butjust elaborate if you could, mentioned how many days if this rumbles on that the consumer will start to feel it. The big question here is again, does it get resolved in the next week or two? if it does, you won t really see much, it will be a blip on the radar, but if this were to continue, you start to see massive bottlenecks as containers build up, both on the ships waiting off the coast, but also in places like china where they are unable to load these containers that are meant for the east and they start sitting there, and the real problem becomes a couple of months from now as these ships that are sitting here on the coast, off the coast of the us don t return home, don t go back to china to pick up more containers, you have a hu
Will be a of strike of consumers. This will be a massive of strike of consumers. Ti 3 china to pick up more containers you have a huge shortage of shipping capacity, i6% of shortage of shipping capacity, i6% of the world s capacity of ocean container ships goes through these ports on an annual basis, so these last few weeks you will start to see major backups and shortages, it would be really bad for the economy. Would be really bad for the economy would be really bad for the econom. , ~ ~~~ economy. Openai has a $6. 6 billion as economy. Openai has a $6. 6 billion as they economy. Openai has a $6. 6 billion as they continue economy. Openai has a $6. 6 billion as they continue to. Economy. Openai has a $6. 6| billion as they continue to bet on artificial intelligence. This brings a value of chat bt of the chat bt maker to the amount similarto of the chat bt maker to the amount similar to goldman sachs. It s one of them would microsoft. Openai s latsko banker and they ar
Your show. I was. Have a good night. Thank you. We re just 24 hours out from the vice presidential campaign. And already the harriswalz campaign has picked the most important part of that debate. It s really rich for democratic leaders to say donald trump is a unique part of democracy when he overturned peaceful power. Who won the election? i would rather focus on the future. You have a real clear choice of who s going to honor democracy and who s going to honor donald trump. That was an absurd statement that donald trump peacefully turned over power. If you watched the debate you would have seen j. D. Vance trying to put a normalcy. It is hard to defend donald trump s action. There s a lot of bad data points there. Tonight today it sort of feels like the news gods watched last night s debate and saw j. D. Vance appalling answer and decided to highlight the whole issue. Because today a federal judge in washington, d. C. Unsealed a partially redacted a statement from jack smith in which
Our maIn sTory. The IsraelI PrIme MInIster, BenjamIn Netanyahu, says Iran wIll pay a terrIble prIce for launchIng a barrage of mIssIles Towards sItes across Israel. Tehran saId It had concluded Its mIlItary actIon, but warned of further attacks If Israel retalIated. Around 180 mIssIles were fIred across large parts of Israel, IncludIng Jerusalem And Tel avIv. Most were Intercepted. Its been confIrmed that brItIsh troops were Involved In supportIng Israel. In a statement Last NIght, prIme MInIster KeIr Starmer warned that the MIddle East Is now On The BrInk. Well be speakIng To our correspondents across the regIon throughout the mornIng, and gaugIng polItIcal reactIon, as well, but fIrst wIth the latest from jerusalem, Jon DonnIson reports. AIrraId sIren. Israel was warned It was comIng. But thIs was Irans revenge. Almost 200 ballIstIc mIssIles raInIng In across the country. ExplosIons. 0k, guys, we got To get off the roof. These are comIng down rIght next To us here. As people ran for