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 a bit about
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 are cheape
Celebrated thanksgiving a month and a half ago, and since then, the nation of 37000000 has seen its daily coronavirus case count, nearly triple. According to the Public Health agency of canada, the number of infections has gone up from 2000 new cases a day in mid october to around 5500 a day, with few canadians flying to get their turkey dinner. Many are blaming the festive gatherings themselves and not travel for the surge. If the current trend continues Public Health officials in canada say that the country could see up 260000 new cases of covert 1000. 00 per day, by the end of december. In the states, a search like canadas would likely take the country over the edge. Currently, the u. S. Is seeing approximately 200000. 00 new infections a day. With the current trends, christmas will likely be very different this year in both the u. S. And canada. But there is a light at the end of the tunnel. Vaccines are being fast tracked to combat the virus. And one of the front runners from phar
First wave of the coronavirus pandemic. Austria is doing well as well. Are seeing the dollar at levels that we have not seen for Something Like two years. The falls in the dollar taking place overnight. Yenre seeing the japanese clamber up as well, reaching the 104 level. 103 yen. Terry gou. That is the current position. Kong is declining just a fraction at the moment. That is where we are without one. That is where markets are standing. Haslinda. Lets get back to our top story. President trump has attacked the credibility of the election, challenging counts and nevada, pennsylvania, georgia, and michigan. Speaking at the white house, the president made several claims and said that the election is being stolen from him. We will not allow the corruption to still this election or any election in that matter. We cannot allow anyone to silence our voters. Haslinda joe biden is urging patience and saying that he is no doubt heading to victory, in an election that hinges on seven states. Mr.