From raw materials and pharmaceuticals, clothes and toys, accounting for more than half import 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 rained in on. The something the new york governor rained in om rained in on. The potentialfor disruption rained in on. The potentialfor disruption is rained in on. The potentialfor disruption is significant. Rained in on. The potentialfor disruption is significant. We. Disruption is significant. We have not had an event like this in our port 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 19110 78, president biden has the authority to order workers back to work but the current administration said it would not intervene and encourages all party to keep negotiating in good
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
u.s. canada mexican deal is initialed by subtraction critic takes off of the table when potential source of trade turbulence, has brought a dramatic change from nafta. discuss some steps forward. a better on digital trade. butter and ip protection. steps backwards, higher trading autos after 16 years. it s hard to see if it is dramatic trade deal but that enough turbulence. growth peaked in the middle of 2019. 2.2 percent every year heard number down to 2.1. immersive problems, the trade sector and the business part. confidence has stopped putting our growth prospects. the step in the good direction. other trade development in the last couple of weeks during the china deal. phase one, the president says relatively modest. a lot of purchases the white houses off of the 2017, baseline over two years. from china, also some changes to
addition by subtraction. it takes off the table one potential source of trade turbulence and is not a dramatic change from the aggregate and has stepped forward and better on digital trade and better on ip protection and steps backwards, hired to trade in autos, it s hard to say if it s a dramatic trade deal but we ve had enough turbulence and growth peaks in the middle of 2182. to percent year-over-year. this is redundant 2.1 which mirrors the problems with the trade sector so it s time to stop hurting our growth prospects and this is a step in the direction. the other trade development the last couple of weeks is a china deal. first phase one as the president says relatively modest, a lot of purchases, 200 billion off of 2017 baseline over two years