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
Also on the programme thInkIng outside the box. Why people with dyslexia could be best placed to unlock the potential of ai. And, back down to Earth. Astronauts from All Over The World gather In The Netherlands for their annual convention. But what will they be talkIng about . Well hear from one of them welcome to to busIness today, im ben thompson. We begIn In the us, where Port Workers across the East Coast are set to walk out on Strike Tomorrow and to global supply chaIns. The action announced on sunday by the Port Workers union could shut down 36 ports which handle half the goods imported Into the us via contaIner. AccordIng to analysts atjp morgan, the cost to the us economy could be 5 Billion a day. ShippIng rates are already soarIng ahead of the crucial festive shoppIng season. Mr president would you Intervene In a dock Workers Strike . Intervene In a dock Workers Strike . , Intervene In a dock Workers Strike . Why Intervene In a dock Workers Strike . No. Why not . Intervene In
Good to be with you. Im katy tur. We have Breaking News out of lebanon. Any moment from now, Vice President , you know what, thats the wrong script. We do have Breaking News out of lebanon where israel just struck the headquarters of hezbollah. U. S. Designated terror group. You can see this in video that the strike was big, hitting a building in southern beirut. An israeli official tells Nbc News that the target was the iranbacked leader, Hassan Nasrallah. It wasnt clear whether he had been killed. The strike had interesting timing, launched just an hour after prime Minister Benjamin Netanyahu said this to the United Nations. They endanger their own people. They put a missile in every kitchen, a rocket in every garage. I said to the people of lebanon this week, get out of the Death Trap that hezbollah has put you in. Dont let Nasrallah Drag Lebanon into the abyss. Were not at war with you. Were at war with hezbollah, which has hijacked your country and threatens to destroy ours. As lo
Morning. Were following Breaking News of a deadly Mass Shooting in birmingham, alabama as we come to the air this morning, im Amara Walker and im Danny Freeman for Victor Blackwell right now, Birmingham Police say at least four people are dead and dozens more were injured in this shooting. Heres what we know. It all happened just about 11 00 last night in the five points south area. Thats just about two miles away from downtown birmingham. Police believe multiple shooters opened fire on a group of people rest assured, we are going to do everything we possibly can to make sure that we uncover identify, and hunt down who was ever responsible for preying on our people this morning all right. Joining us now is former fbi Special Agent and criminal Justice Professor from the university of new haven. Ken gray. Can good morning to you. What are your thoughts on how theyre going to track down the suspect or suspects. I mean, are they going to be relying on surveillance and maine what whats you
Those devices with tiny explosives . Also tonight, the federal reserve going big with its first Interest Rate cut in more than four years. What it means for your money. The race for the White House after both candidates courted the teamsters. The powerful union making a Surprise Move today, something it hasnt done in nearly 30 years. Harvey weinstein back in court for the first time since Emergency Heart Surgery. The new Sex Crime Charge he faces. Also back in court, sean diddy combs. Why a second judge denied bail in his Sex Trafficking Case as his lawyer slammed his Jail Conditions as horrific. The accident on a Childrens Field Trip to an Apple Orchard, the Wagon Ride overturning. Dozens injured. And their story was immortalized in a hit movie. Today the special honor on Capitol Hill for the hidden figures who helped America Land on the moon. We have a liftoff 32 minutes past the hour. Announcer this is Nbc Nightly News with lester holt. Good evening, and welcome. For a second day in