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Transcripts For BBCNEWS Business Today - NYSE Opening Bell 20241002

0ur Correspondent Michelle Fleury is at the Port Of Newark in newjersey. Tell us what s going on there and all along the coast. We know the strike is about wages and automation, what s going on with the talks . Right now theres not much going on on on the docks, normally you might see some of the grains over their moving, containers being loaded, and off loaded from giant containerships, but all of that stopped at midnight last night. That is when the Master Contract between the union workers and the us Maritime Alliance expired, and the fight over wages and automation continues to rage and there is little agreement between them on this issue. So right now we are one of the Picket Lines here in newjersey, where workers have gathered short while ago, they stood in a long line singing, no automation, no automation. And we ve heard from the White House in the last few hours 7 what are they saying . How does this get solved . When it comes to critical infrastructure which ports are, and as

Transcripts For BBCNEWS BBC News Now 20241002

Areas that threaten is really targeting the north of that country. In response we have seen hezbollah Firing Missiles again today towards israel into central israel, Hitting Highway and also again the sound of sirens in Tel Aviv sending people running to shelters. Hezbollah s response and how it will look at how sustained and the scope of it will be something we will see over the next few days, whether they still have the infrastructure to strike back at israel as they have said they would do. I just want to show you a map of the area we are talking about between Southern Lebanon and northern israel. You can see the border between the two countries but you can also see the tiny river which is a key marker because after the last war between these two sides and 2006 that what is to mark a Buffer Zone and they wont suppose me any hezbollah fighters in the Buffer Zone but there has been and that is why israel says it is trying to move now hezbollah back out of that whole area to meet the t

Transcripts For BBCNEWS Business Today 20241002

United states where ports all across the East And Gulf coasts including here in baltimore have virtually ground to a halt. It means goods ranging from cars to machinery and fresh fruit and vegtables are going to find a lot tougher to get into or out of the worlds biggest economy. An estimated 16,000 workers have stopped working over demands for more pay and less automation. The stoppages could cost the us economy as much as 5bn a day according to the Investment Bankjp Morgan but other experts say it will be less than that. One knock on could be as many as 100,000 people finding themselves temporarily out of work as the impact of the stoppage spreads. 0ur Correspondent Michelle fleury is at the Port Of Newark in newjersey. What other people telling you about how angry they are but also how long this might last . This is one of three dozen ports that are on strike as of midnight last night, and work is basically raring to go, blasting music this morning, i saw some children walking aroun

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