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
And destruction, as far as the eye can see after Western North Carolina with hammered by helene will talk to the Fema Administrator on the ground asheville, amid apocalyptic conditions as the Storm Death Toll across the southeast is rising also tonight, israel warns its heading into what its calling the next stage of its war against hezbollah as a limited Ground Invasion of Lebanon May repeat, may be imminent cnn is near israels northern border were closed Military Zone as declared by israel has been declared plus Breaking News, a Georgia Judge just struck down a State Law banning abortions beyond six weeks into a Pregnancy Standby for details on this major ruling and what happens next welcome to our viewers here in the United States and around the world. Im Wolf Blitzer and youre in the Situation Room we begin with the devastation from one of the deadliest storms to hit the us in decades. At least 128 people have been killed from Helenes Onslaught in the southeast. That till almost ce
Collapse and destroying home after home. Cars line up for the scarcity of fuel. Florida s big bend region reeling from its third hurricane in a year. Remnants of helene are still dumping rain on some areas while another storm could threaten the gulf coast next week. Our weather team times it all out. Also tonight, israel launches a large scale air operation against the houthi rebels in yemen while unleashing more attacks on targets in lebanon. Smoke is still rising from the scene where hezbollah s top leader was killed. Prime minister netanyahu insists it s the price to be paid for attacking israel. So what happens next? we re on the ground in lebanon and tel aviv. Evacuations orders outside atlanta after a fire sends toxic smoke into the air. When the flame starts out, it could become very, very dangerous roads are closed, smoke visible for miles. With just over a month until election day, former president trump blasts vice president kamala harris over her trip to the border and repea
Conflict escalating even more this morning, israeli airstrikes have targeted 140 hezbollah sites in beirut including weapons storage, and missile facilities embedded beneath civilian buildings. Thats according to the idf, the strikes are part of an ongoing campaign by israel to degrade hezbollahs military capability. The lebanese government, responding to the widespread destruction calling for intervention on an international basis, the country has recorded more than 100,000 people have been displaced by the conflict. Authorities claimed that number is actually much higher. Our chief national Security Analyst, Jim Sciutto in Tel Aviv with the very latest jim, tell us first, who was this . Hassan Nasrallah Hassan Nasrallah was a defining figure in hezbollah in the region for more than three decades. Leave getting the terrorist organization, going back to 1992. And we making it over the course of that time into a formidable force, certainly plead with irans help with many Tens Of Thousan