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Transcripts For BBCNEWS Business Today 20241001

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

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