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
The body of the hezbollah leader, Hassan Nasrallah, Is reported to have been recovered from the sIte of frIdays IsraelI aIrstrIke IN BeIrut. AccordIng to Israel, more than 20 members of the IranIaN Backed group were kIlled alongsIde hIm. And hezbollah has also confIrmed that two other senIorfIgures have been kIlled In aIrstrIkes. Israels Defence MInIster praIsed the IsraelI attacks on houthI targets In yemen. TranslatIon we see | the Attack Today 2,000 kIlometres away In hodeIdah and Its surroundIngs, and the achIevements as they are reflected are very ImpressIve, and the meanIng Is very clear those who try to attack us or harm the cItIzens of Israel wIll pay a very heavy prIce. Our SecurIty Correspondent frank GardnerjoIns Me now. Just talk us through what we know about these attacks agaIn. So, the houthIs are a rebel group, backed by Iran. They took over most of the populated parts of yemeN Back In 2014 15 and InherIted an arsenal of long range mIssIles, and wIth IranIan help, they h