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
The late hezbollah leader have been set up here. The scale of this destruction gives you a sense of the power of the attack that happened here. Israel and iran have each warned the other against further attacks, after iran launched a massive ballistic missile attack on israel tuesday. Israel is vowing consequences for iran, which fired some 180 missiles at israel in its second, and largest, direct attack ever. There is our chief international correspondent. Iran s most powerful missiles. Sending the most darkest message to israel. And today, a message from the president while visiting qatar. Translation: we were left with no choice but to respond. If israel decides to retaliate, then it will face harsher reactions. It s this man who calls the shots in tehran, the supreme leader ayatollah khomeini. . . . . Revered by his supporters, reviled by enemies, ultra conservative, deeply distrustful of the west. Translation: in our region, the root cause of all these i wars is the presence of th
The israeli military has been engaged in close contact inside lebanon where eight soldiers have died encumbered. The first report of the israeli military casualties since the campaign started in lebanon. Israel s air force was defending other targets when iran s missiles came. . . . . Slipping through defences to hit several air bases, like this one at nevatim. Another narrowly missing an intelligence base in tel aviv. The crater it left filled with visions of what if. The us said this attack had twice the scope of iran s last bombardment in april. Not all the targets hit were military. 0ne landed in this residential suburb of tel aviv neighbours rushing through repairs before thejewish new year tonight. Temporary solutions to the problems of a regional war. 83yearold schmulik s home, one of more than a hundred houses damaged here. Everybody was scared because the blast, it was an enormous blast. And when we get out of the shelter, we saw something not from this world. All the house w
September. How do you expect that to feed through into InflatIon ExpectatIons and impact the us economy . I think riaht now impact the us economy . I think right now the impact the us economy . I think right now the focus impact the us economy . I think right now the focus is right now the focus is definitely on crude oil. A lot of people are drawing comparisons to what happened when the war in ukraine started. When you take a Look Oil surged Io . With this incident it surged 5 in some of that is because we have us productIon at record highs. Opec was undecided over increasing productIon. This is a moment where investors are trying to get a sense of how are the actual supply disruptIons going to unfold in the coming weeks and months. Right now the market was pretty content that this inflatIon and that trend was going to remain and now they are scratching their heads to see will this be a big shock to inflatIon. In additIon to this Oil Surge we have a Dock Worker Strike which could also
Im nowjoined by our North America Business correspondent ritika gupta. What is it that markets make of what they are saying . They are nervous because they dont know whats going to happen next. Yes. The mood of nervousness. Little change now but losses off the back of those Middle East tensions. There is a dent to risk appetite. Markets dont like Uncertainty And Risk now is can this respondent is this going to blow into wider war. One of the sectors that is bucking the trend and going higher Todays Energy stocks and that is off the back of oil as you mentioned. It was up as much as 3 today and continuing again from yesterday over Supply Disruption concerns. Yesterday we saw some of those Safe Haven assets like gold, we are seeing some of Varese Today but i still think overall there is this wait and see mode and a very risk of town. Is this Waitandsee Mode and a very risk of town. Very risk of town. There is one thing they very risk of town. There is one thing they are very risk of town