talking business. hello, everybody! a very warm welcome to talking business weekly with me, aaron heslehurst. let s go and take a look at what s on the show. shipping gets stuck in the slow lane. how much damage will be caused by the red sea attacks forcing global trade to take the long way around? the global economy relies on all our stuff being moved across the oceans. but, are 150 years of progress being undone by an unprecedented threat to shipping? i m going to be discussing all of that with these two, there they are. the big boss of the world second biggest shipping company, denmark s maersk, who tells me that consumers are already feeling the effect with higher prices. and the boss of the un s international maritime organisation, who will fill us in on what needs to be done to keep the oceans free for global trade. plus, big bucks for the big stage the man who runs the world s biggest brewer, the giant behind budweiser, corona and stella tells us why he is spending h
and the boss of the un s international maritime organisation, who will fill us in on what needs to be done to keep the oceans free for global trade. plus big bucks for the big stage the man who runs the worlds biggest brewer, the giant behind budweiser, corona and stella tells us why he is spending hundreds of millions of bucks on the olympics and why he s not worrying about shipping delays. wherever yourjoining you from around the world, once again, a warm welcome to the show. you know, just when the global economy thought it was getting over at the shocks of the pandemic, russia s invasion of ukraine and the inflation that followed, up pops another major challenge. this time the shipping industry is quite literally under attack like never before, and it is causing growing disruption to the global economy. diversions and delays are threatening to push up prices once again. the crunch point is the red sea. it s a conduit to the suez canal which, since it opened more than 15
instead they are taking the long way round from asia to europe and around the cape of good hope. that s an extra 3500 nautical miles, or up to two week s sailing, adding as much as a million dollars per ship in fuel alone. maersk ceo vincent clark told the bbc s aaron heslehurst that these extra costs are already being passed onto consumers. this is one of the most important arteries of global trade and having to re route all of this cargo now south of the cape of good hope is going to create significant disruptions to the global supply chain for the duration in which we have to do that, and probably a few months more as we have to get back then into normal. so you need to see, i think, a stronger mobilisation. the other thing is that the level of threat is actually evolving, and so for the coalition that is trying to put in place this safe passage, they need to constantly reassess the level of protection. but for us, it is really important that this is being addressed with d
the cape of good hope. that s an extra 3,500 nautical miles, or up to two week s sailing, adding as much as $1 million per ship, in fuel alone. maersk ceo vincent clark told the bbc s aaron heslehurst that these extra costs are already being passed on to consumers. it s one of the most important arteries of global trade and having to re route all of this cargo now south of the cape of good hope is going to create significant disruptions to the global supply chain for the duration in which we have to do that, and probably a few months more as we have to get back then into into normal. so you need to see, i think, a stronger mobilisation. the other thing is that the level of threat is actually evolving and so for the coalition that is trying to put in place this safe passage, they need to constantly reassess the level of protection. but for us, it is really important that this is being addressed with diligence and with a strong mobilisation of the international community so tha
this is outnumbered. i am emily compagno it s kayleigh mcenany, and joining us, martha maccallum, anchor of the story, kennedy, host of kennedy, i m fox business, and bill hemmer. also joining us with analysis, fox news senior political analyst, brit hume. law enforcement source tells fox news former president trump is expected to be arraigned on tuesday at 2:15 eastern time. we are told the d.a. initially wanted him to surrender today but that timeline change due to arrangements they needed to be made by secret service. we are also learning that trump will not be handcuffed. the charges are related to hush money payments leading up to the 2016 campaign. they remain under sealed and are not yet public. republicans calling the indictment political persecution and un-american. democrats say no one is above the law. fox news peter doocy asked president biden what he thought of the indictment this morning. mr. president, do you think the charges against trump are politic