The two major sticking points between the international longshoremen S Association and us Maritime Alliance are wages and automation. Workers are unhappy with the current contract, which spanned the pandemic, when Dock Workers stayed on the job and endured months of soaring inflation on automation, the Union Boss has been warning Dock Workers that their jobs could be replaced by machines. In response, the us Maritime Alliance has said its 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 containerised imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and higher prices ahead of the president ial election. Thats something new York Governo
In november 29th seen hundreds of thousands of people spontaneously took to the streets in irans not just cities men and women blocks traffic and trampled on poor traits of the countrys leaders. The crowds were upset about a huge increase in gasoline prices following months of fuel rationing. Since 2018 iran has been hit by new u. S. Economic sanctions on the government has taken a hard line against the protests. After the 1st demonstrations the blocks Internet Access nationwide for several days to keep people from post. Reports about the protests several 100 people were killed in the clashes and at least 7000 were arrested. I irans leaders blamed the demonstrations on its enemies. I mean. This your narky. You. Have just read the book. And as youve been seeing. Fick i think if youre looking for. You know having to go to the see the matter dont. Know. That. The u. S. Has applied maximum economic and political pressure on iran to try to get the countrys leaders to approve a new agreement
They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
Know what are they supposed to do now youre up all those countries have caved in to the United States that have been well us cause the turn and everybody follows and ive got the france germany back to britain why is that dont they have any compassion for sick people no more want to know anybody. Iran has its own pharmaceutical industry but complex drug city used to treat cancer or Rare Diseases are only produced abroad. This is my Heart Hospital in tehran the facility specializes in treating children who suffer from cancer its an ongoing struggle for the staff to find the medicine that their patients need. The hospital is affiliated with a Charitable Organization and is funded exclusively by donations. Children from low income families are treated free of charge to my heart facility opened in 2003 right now the hospital is desperately short of foreign medicine. And we regularly ask people who travel overseas to buy medicine for us. As a. Return of thanks to that kind of support none of
And his people could never have gone as far as they did in the negotiations come in they hadnt given them the green light and as we know hes not exactly a moderate like the money were dealing. Among the 1st and to the new market to a big era pay in companies that build aircraft and automobiles or develop oil and gas Fields Company executives signed contracts with Senior Iranian officials tehran hoped that these agreements would help to boost the economy. In 2017 to topple frances Largest Energy company agreed to buy 150000 barrels of oil per day from iran and to develop a huge natural gas fields in the persian gulf. Would probably be free to. The reformers in iran had very concrete expectations johnstones the europeans and americans did. I hope so that iran could rebuild its economy and that this would lead to a more open society iran renounce the use of Nuclear Weapons and expected economic benefits in return they needed Foreign Investment to help them improve living standards. You kn