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 not only to lift Freight Rates higher due to the disruption from the strike, but certainly also to have wider implications, one or two months later down the road w
Also on the programme thInkIng outside the box. Why people with dyslexia could be best placed to unlock the potential of ai. And, back down to Earth. Astronauts from All Over The World gather In The Netherlands for their annual convention. But what will they be talkIng about . Well hear from one of them welcome to to busIness today, im ben thompson. We begIn In the us, where Port Workers across the East Coast are set to walk out on Strike Tomorrow and to global supply chaIns. The action announced on sunday by the Port Workers union could shut down 36 ports which handle half the goods imported Into the us via contaIner. AccordIng to analysts atjp morgan, the cost to the us economy could be 5 Billion a day. ShippIng rates are already soarIng ahead of the crucial festive shoppIng season. Mr president would you Intervene In a dock Workers Strike . Intervene In a dock Workers Strike . , Intervene In a dock Workers Strike . Why Intervene In a dock Workers Strike . No. Why not . Intervene In
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 adding china to your portfolio . We are still sceptical. There is no question the government took a week ago are very strong, positive for china internally, but we are not sure that will spur much more demand and that is what they need. China is facing with their Debt Situation and Real Estate situation, some deflationary forces and it will take awhile forces and it will take awhile for them to
Also the removal of the purchased restrictions in some of chinas largest cities. Finally, we havent seen it yet but it is very likely that it is likely to rule out another round of fiscal stimulus. So this is, i will say that this is something we havent seen in a couple of years, since the early 20105 after the financial project, its a clear message that the government is willing to increase its support for the economic growth and people 5 confidence. You mention two other arrow5, confidence. You mention two otherarrows, it confidence. You mention two other arrow5, it does have a target of 5 growth for this year. Achieving 5 growth, it is already at the later stages of the year and looks like the growth in the first quarter will probablyjust 4. 6 or 4. 7 and you need a lot more effort to really hit that growth target. Talking of efforts to try and reboot growth, thailand will start handing out 300 to every Citizen Part of a 14 Billion stimulus package. The scheme has been criticised b
that we ve seen before. president biden hurtling toward a rematch with former president trump. it could come down to guess what? five key battleground states. dana: they are nevada, arizona, wisconsin, pennsylvania, and georgia. president biden won three of those by less than a single percent. republicans hope that low poll numbers will swing the states in their favor. martha: the party needs to elect its nominee. republican candidates converging on new hampshire ahead of the first in the nation primary. team fox coverage for you, karl rove joins us in a moment. first mark meredith in new hampshire where ron desantis is about to hold an event. hey, mark. good morning. you re right. the governor will be here in a few minutes from now. for months we ve been trying to read the polls to get a better idea who the eventual republican nominee will be. today for the first time through the power rankings we re learning the 12 states both parties will be fighting over spending mo