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And pharmaceuticals, to clothes and toys, with ports accounting for more than half imports in containers. If it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something the new york governor weighed in on. The potential for disruption is significant. We have not had an event 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 critical goods like medical supplies and others. Under the 1947 act, president biden has the authority to order workers back to work but the current administration said it would not intervene and encourages all parties to keep negotiating in good faith. The chairman of the federal reserve has dampened hopes of another big rate cut. He was speaking in tennessee and added the central bank was not in a hurry to cut rates. Indexes saw price falls during the speech but have since recovered. ....
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 ....
This is the live scene in beirut, as bbc teams report hearing explosions in the capital s southern suburbs israel has ordered the evacuation of three areas. Meanwhile the uk government has chartered a flight to help british nationals leave lebanon, scheduled to leave beirut on wednesday. It s as israeli tanks were seen gathering at the border on monday. Israel s defense minister yoav gallant said the military is prepared to use forces from the air, land and sea to allow thousands of displaced israelis to return to their homes in the north. Meanwhile, the deputy chief of hezbollah, naim qaissem, said the groups fighters are ready to confront an invasion. He acknowledged the assassination of leader, hassan nasrallah, was a big blow but said all fallen commanders would soon be replaced. Let s get the latest now from our correspondent on the border between israel and lebanon, lucy williamson. We ve been hearing helicopters overhead for a while now and also the sound of artillery, som ....
To their homes in the north. Meanwhile, the deputy chief of hezbollah, naim qaissem, said the groups fighters are ready to confront an invasion. He acknowledged the assassination of leader, hassan nasrallah, was a big blow but said all fallen commanders would soon be replaced. We have corresponded around the world reporting on this developing story. Anna foster is in beirut, lucy williams is in israel, and joe photo is in jerusalem and tom bateman is in washington. Firstly let s hear from lucy. We ve been hearing helicopters overhead for a while now and also the sound of artillery, some distance away, earlier, a series of loud explosions that we heard here close to the border as israel confirmed that it had launched what it s calling limited and targeted ground raids terrorist targets in the area. It s not clear at this stage what sort of scale form those raids are taking but we have witnessed a buildup of troops and tanks here at the border over the last few days, we saw a couple of ....
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 ....