And pharmaceuticals, to clothes and toys, with ports accounting for more than half imports in containers. If it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something the new york governor weighed in on. The potential for disruption is significant. We have not had an event 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 critical goods like medical supplies and others. Under the 1947 act, president biden has the authority to order workers back to work but the current administration said it would not intervene and encourages all parties to keep negotiating in good faith. The chairman of the federal reserve has dampened hopes of another big rate cut. He was speaking in tennessee and added the central bank was not in a hurry to cut rates. Indexes saw price falls during the speech but have since recovered.
Hello, im azadeh moshiri. Welcome to the programme. We start this hour with the latest on the electronic Pager Explosions in lebanon. Multiple reports say that israels mossad Spy Agency placed explosives in thousands of hezbollah pagers, before they detonated across lebanon on tuesday. So far, Israel Hasnt commented. And given the simultaneous explosions, hospitals in lebanon have been overwhelmed with casualties. The Countrys Health ministrys says at least 11 were killed among them an eight year old girl. Thousands more were wounded, with hundreds in a critical condition in hospital. Some were blinded, others lost fingers or required amputations. The context here is hezbollah, which is a proscribed Terrorist Organisation by The Uk and other Countries, had been using the pagers instead of Mobile Phones to communicate with each other. Thats due to the Risk Phones could be hacked. A senior lebanese Security Source told the Reuters News Agency they were brought into the country months ago