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As much as 5 Billion each day according tojpmorgan analysts. Us retailers, automakers and other businesses now face Ballooning Freight rates ahead of the crucial festive shopping season. Large retailers have pulled forward imports of much of their Holiday Merchandise and made reservations with west Coast Ocean and Rail Carriers in hopes of avoiding any disruption. Lets speak to peter sand, chief analyst at xeneta, an Ocean Freight analytics firm. Hello to you. I know you have already calculated what this could mean if the Strike Action goes ahead, so do tell us more. A disruption like this always comes at a bad time for European Exporters into North America as well as North American exporters out of thE East Coast And Gulf coast. It will be impacted at first but this seems to be a first for almost 50 years, has the potential no ....
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In almost 50 years. And india softens restrictions on rice exports. Well be live in mumbai. Welcome to business today, live from new york, i m ritika gupta. Us stocks inching lower this morning but, Wall Street is set to end september on a high. And earlier today, we saw a strong rally in asia chinese stocks surging 8. 5 off the back of more stimulus introduced by the chinese government. Joining me now is bob doll, ceo of crossmark global investments. Thanks forjoining us. Chinese stocks post their biggest one Day Rally since 2008, not seeing that feed into us markets. What are your thoughts on addin ....
Israeli Defence Minister Yoav gallant said the military is prepared to use forces from the air, Land And Sea to allow thousands of displaced israelis to return to their homes in the north. Mr gallant also said the next phase of the war against Lebanons Hezbollah will begin soon and that the killing of hezbollah S Leader was not the final step. Meanwhile, the Deputy Chief of hezbollah, naim qaissem, said the groups fighters are ready to confront an invasion. He acknowledged that Hassan Nasrallah s assassination was a big blow but said all fallen commanders would soon be replaced. We are hearing the British Government has chartered a flight for vulnerable british citizens. Presidentjoe biden maintained his call for an end to fighting. Weve also heard from the us ....