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
arises to take the top spot. carley: griff jenkins joins us. griff: when prices go up, it has nothing to do with president biden, when it comes down, he deserves credit. white house economic advisor doesn t like you to put it that way. i very much disagree with that framing. what is happening here is a president who is working tirelessly to address the largest, toughest constraint facing american households, the budgetary impact of elevated prices and we re showing you here today real results partially derive from concrete efforts he s taken. griff: this after kate bedingfield expressed frustration over not getting credit for deshrining gas prices saying the drop is one of the fastest in gas prices in over a decade, just this sunday we witnessed largest single day decline in national gas prices 2008. voters are not happy. new cnn poll 38% approve of his performance and 7-10 americans say biden hasn t paid enough attention to the nation s most pressing problems. govern
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient t.