And what would you do with a spare 25 Billion Euros . Thats the question facing the irish Government Today as it delivers its budget following a huge Tax Windfall from Tech Firms. Live from london, this is business today. Im lukwesa burak. We start in the us where in the last 30 minutes tens of thousands of East And Gulf Coast Port workers have started striking for the first time in nearly 50 years. This comes after the international longshoremen s association and the us Maritime Alliance were unable to reach an agreement on the terms of their contract. The strikes will halt trade in a wide range of goods and disrupt the Countrys Economy just as we enter the final weeks before the president ial election. Our North America Business correspondent Ritika Gupt the two major sticking points between international longshoreman s association and the us Maritime Alliance are wages and automation for the workers are unhappy with the current contract which spanned the pandemic and dockworkers st
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
Find it at walmart wednesday, september 18, right now On Cnn this morning do a half a point when they do a quarter of a point of consequential cut today, the fed expected to cut Interest Rates what that could mean . In for you plus a coordinated attack, hundreds of Pagers Exploding nearly simultaneously in Lebanon Stoking fears of a wider war yes this is exhausting and its harmful and its hateful denouncing harsh rhetoric. Kamala harris taking on Donald Trump with a message about who she thinks deserves to stand behind the seal of the presidency. Im later disturbing allegations and laura details. Sean Diddy Combs, accused of Sex Trafficking, forced labor, and kidnapping. A new indictment detailing crimes dating back 16 years right. 5 00 a. M. Here on the East Coast to live look at Capitol Hill on this morning. Good morning, everyone. Im kasie hunt. Its wonderful to have you with us later today. A major announcement expected that could have a big impact on the economy less than seven we
Max foster has the week off. Just ahead i know some people didnt get out. The fire is on front street and it is time to go. So quickly the flames reached other neighborhoods jumping highways and destroying peoples homes. You never know who is living next to you. Trump has been clear that he expects to be indicted for a fourth time. This is the same game. Weve watched it play out before. He is angry, he throws red meat to the crowd. Live from london, this is cnn newsroom with max foster and bianca nobilo. It is thursday, august 10th, 9 00 a. M. Here in london and 10 00 p. M. In maui where Deadly Wildfires are burning out of control. State and federal officials held a News Conference last hour and had this update. Primary focus is to save lives and prevent Human Suffering and mitigate great property loss. So that is what the counties were and have been doing and are doing. What we do anticipate is additional requests and were already providing support for trying to get the communications
Morning with Breaking News, Victor Blackwell by my side. Just a ton happening overnight. Lets get to five things to know this thursday. 36 People Arencome confirmed dead in hawaii. Black hawk helicopters have been deployed. And new reporting on Supreme Court Justice Clarence thomas, his luxurious lifestyle and who was funding it. Propublica reports that rich benefactors funded the bill. And president ial candidate in w in ecuador was assassinated and the video is disturbing. Anticorruption candidate was killed just ten days before the election. New video of a deadly fbi raid, a man killed after making threats against President Biden and other elected officials. And new information in the atlanta area investigation into efforts to overturn the 2020 election. Sources tell cnn that the Prosecutor Fani Willis is seeking more than a dozen indictments as former President Trump releases a new ad attacking her. Cnn this morning starts right now. Good morning, it is 7 00 a. M. Here out east. 4