Heavy equipment, agricultural products and pharmaceuticals. The ports account for more than half of container imports. Consumers are not likely to feel the effect right away and many businesses have tried to get ahead of this by stockpiling or diverting shipments to the West Coast and i spoke to the ceo of The Port of long beach and he said they had a record august but having said that, if the strikes go ahead and last for weeks, they could lead to shortages and high prices for consumers. Who; high prices for consumers. Why are we in high prices for consumers. Why are we in this high prices for consumers. Why are we in this position . The entire east Coast Port Infrastructure could be shut down by this . Why have the talks broken down . The dock Workers Union talks broken down . The dock Workers Union have talks broken down . The dock Workers Union have been talks broken down . The dock Workers Union have been in l Workers Union have been in talks with the us Maritime Alliance now four
the price of oil on international markets is not high enough for them. oil and energy leaders are gathering again today in vienna for the latest opec summit. the biggest and most powerful player saudi arabia started this week with the news it s extending its voluntary output cut of1 million barrels per day to august. russia is making a similar move. but these cuts are failing to boost energy prices. why? jonathan robinsonjoins me now to explain he is global power & energy research director at frost and sullivan. just talk us through our oil is at the moment. just talk us through our oil is at the moment. oil, despite the cuts in production, at the moment. oil, despite the cuts in production, oil at the moment. oil, despite the cuts in production, oil prices- cuts in production, oil prices have stayed relatively low in what we have seen historically in the past year, 1.5 years. there are a few specific reasons for that. chinese demand, industrial out would, increasing
no right to my testimony. that was mike pence last year talking about the january 6th committee which never sent him a subpoena, but now he is facing one this time from the special counsel investigating former president trump s role in the attack on the capitol. meanwhile on capitol hill the first hearing for the select committee on the weaponization of government goes pretty much exactly as you would expect with republicans hitting their usual list of grievances. and also ahead the state department releases new details about the chinese surveillance balloon. it comes as a prominent republican defends the response from the biden administration. good morning, and welcome to way too early on this friday, february 10th. i m jonathan lemire. thanks for starting your day with us. former vice president mike pence has been subpoenaed by the special counsel investigating donald trump s efforts to overturn the 2020 election. according to an nbc news source, pence s subpoena
welcome to the programme. amid the turmoil in uk markets this week, the chancellor met the us banks today and was told in no uncertain terms that his budget which he has planned for november is way too far away . the government needs to communicate much sooner, said the banks, on what the solution will be to the problem the city believes they created. it has been another chaotic day on the markets. this morning, the bank of england performed a screeching u turn, putting the brakes on its plan to sell government bonds and instead launching a new scheme to buy them. think of it as a form of digital money printing. the bank is creating funds to to buy bonds which the government issues to borrow money. and this is why. since the mini budget, the cost of government borrowing long term has shot up. it was spiralling above 5%. that s a 20 year high. we have seen rises in the last two days that would normally take years. the bank of england is buying up the debt, in essence creating
again hinted at a 2024 presidential campaign. and on capitol hill, congress is up against the clock. lawmakers have a lot they want to get done before their summer break. good morning. welcome to way too early on this wednesday, july 27th. i m jonathan lemire. thanks for being with us. we ll begin with the latest in the justice department s investigation into efforts to overturn the 2020 election. four people familiar with the matter tell the washington post that federal prosecutors have now turned their attention to donald trump. two sources tell the paper that in recent days two top aides to vice president mike pence were asked before a grand jury about their conversations with trump, his lawyers and others in his inner circle who took part in the scheme to replace certified biden electors with a slate of the former president s allies. according to the post, prosecutors have asked hours of detailed questions about meetings trump led in december, 2020, and janua