On automation, the union boss has been warning dock workers that their jobs could be replaced by machines. In response, that us maritime alliance says it is 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 containerized imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something new york governor kathy hochul weighed in on. The potential for disruption is significant. We have not had an event occur like this in our ports since 1977 and that lasted 12 days. We are deeply concerned about the impact that a strike could have on our supply chains, especially when it comes to criti
We have the world covered here on daybreak asia with the wrapup from the trade ministers meeting over the weekend. Help President Trump fared in riyadh shortly. This is daybreak asia. I am betty liu in new york. A. M. In just after 7 00 hong kong. Political risk will be dominating the headlines once again this week. The first leg of President Trumps middle east trip. It seems as so far so good, the opec meeting, the fed meeting this week, but plenty on investors place. Ceos like lots and lots of money being invested in their own home country, so pretty smooth sailing as you say, but there are still a lot of questions about the Political Risks. You saw Goldman Sachs taking down their target for the 2. 75 , ayield down to bearish a signal there. Markets have been choppy, but we have not seen total collapse. On jamesld depend comey when he testifies this weekend whether we get new information over the russian meddling scandal. See how things going. Asia kicking off so far, following the l
Quits. It wants to leave the International Criminal court that prosecutes war criminals. The icc ordered south africa to arrest the wanted president of sudan last year and pretoria has resented it ever since. Anchor thanks very much for your company. Dead in the water. The ceta trade deal between the e. U. And canada seems to have sunk without a trace, as the Canadian International trade minister walks out of talks in brussels. All this after frantic efforts to persuade the belgian region of wallonia to reverse its opposition to the deal. , but it refused so the planned ratification by, e. U. Member states next week now looks unlikely. The e. U. s trade commissioner is perhaps whistling in the dark, saying she still hopes to find a solution. Reporter it was day two of the summit in brussels, where big european decisions are usually made among leaders of e. U. Member states. But this time is different, and it is as much about discord in the says much about discord in the e. U. When the
The main outcome from the Canada/CARICOM Summit held last week under the theme ‘Strategic Partners for a Resilient Future’ was the launch of the Canada/CARICOM Strategic Partnership. The communiqué states that the leaders launched a strategic.