In the latest fighting, israel has bombed a building in central beirut. Both Israel And Hezbollah have reported a second day of intense fighting on the ground in southern lebanon. Oil prices jumped on tuesday over supply fears, with markets regAining ground as investors seemingly come to terms with the escalation in tensions. Lets have a quick look at the price of oil, once agAin today, more than a i once agAin today, more than a i increase, the price of oil just below 75 per barrel. It would look at the Share Markets in asia, its an interesting picture were seeing. Japan is seeing a bigjump, Over2 because of the yen has weakened significantly on anticipation of what might happen in the japanese Economy But Hong kong is down over 3 . Big profit taking going on in hong kong, over the last few days there we have seen rapid increases on these markets in response to chinese stimulus so chinese stocks have had a real rise in recent days. Today, profit taking going on there but elsewhere, as
The two major sticking points between the international longshoremen S Association and us Maritime Alliance are wages and automation. Workers are unhappy with the current contract, which spanned the pandemic, when Dock Workers stayed on the job and endured months of soaring inflation on automation, the Union Boss has been warning Dock Workers that their jobs could be replaced by machines. In response, the us Maritime Alliance has said its 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 containerised imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and higher prices ahead of the president ial election. Thats something new York Governo
The Israeli Military has been describing it as a targeted, localised limited incursion so far. We had some details from a senior israeli Security Official, saying that these are local raids, very limited in scope, in the area, so no crashes happening so no clashes happening at the moment between israeli forces and hezbollah fighters in the south according to this senior israeli official. Obviously hezbollah has remained defiant. Yesterday, we heard from the Groups Number two who said that hezbollah fighters were ready to confront any israeli invasion. This is a part of the country that is a hezbollah stronghold. Obviously after two weeks of widespread israeli Air Strikes, high profile assassinations, hezbollah has been weakened, its leadership has been almost completely decimated, but the group remains a very powerful force. It is believed to have thousands of rockets, including missiles that can strike deep inside israel, also thousands of experienced fighters. So there is here the qu
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
TheIr moment of freedom would come a lot sooner than people thInk. More on that In a moment. On lebanon, Israels Defence MInIster saId they were ready to use forces from aIr, Sea And Land to achIeve Its objectIves agaInst hezbollah to ensure people whod evacuated theIr homes In northern Israel, were safe to return. He told the troops, you are part of thIs effort. Hezbollah s Deputy Leader has InsIsted that the group Is ready If Israel decIdes to Invade lebanon. In a defIant speech, he saId the battle agaInst Israel wIll contInue. There have been more IsraelI attacks today. Hamas says the leader of Its operatIons In lebanon has been kIlled by an aIrstrIke. Another PalestInIan Group saId three of Its leaders were kIlled In a strIke on an Apartment Block near central beIrut. We wIll have more on all those developments In a moment, but fIrst to a News Conference that has just started wIth some of the famIlIes of the hostages are stIll beIng Held. The famIlIes of the hostages are stIll beIn