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. Let s 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
[national anthem] [national anthem] if. Rachel straight to a fox News Alert. The Israeli Military confirms hezbollahs leader, hasan nasrallah are, is dead the after a massive strike of hezbollah headquarters. Will the the idf launching another wave of flights as they work to dismantle the terror group. Pete Nate Foy is live on the ground in Tel Aviv with more. Reporter hey, guys, good morning. Massive breaking news, the leader of hezbollah, hassan Nas Nasrallah is dead after an israeli airstrike over Beirut Yesterday according to the idf. This is a man who has been called one with of the most dangerous terrorists in the entire world. The idf says this morning he has the blood of thousands on his hands. He was a Founding Member of hezbollah and that he oversaw the Groups Integration into lebanons politics and hezbollahs rise to becoming one of the most heavily armed, nonstate militias in the entire world. Take a look at the strike, it happened in the beirut neighborhood, the idf says na
And is now the worlds fourth largest economy. It had been the second largest until china overtook it in 2010. Japan has also been battling a deflationary spiral for a generation, but that ended late last year. Mariko oi has been following the story for us from our asia business hub. What more can you tell us about ishibas economic manifesto . Well, his economic policies are still rather unclear. He has been criticised during the Election Campaign for lacking a clear economic vision. One thing we do know is that he was quite critical of the shinzo abe, who implemented investor friendly policies. During the Press Conference he held this evening he talked about how investors may have benefited, but not ordinary consumers, so we may see some changes there. The value of the japanese yen, it jumped the value of the japanese yen, itjumped because shigeru it jumped because Shigeru Ishiba itjumped because Shigeru Ishiba supported the independence of the central bank, as opposed to his oppositio
Hitting two areas near haifa. Lebanese officials say more than 700 people have been killed in israeli strikes since monday. British prime Minister Sir Keir starmer used his first speech at a un general assembly to call for an end to the fighting. Our diplomatic correspondent James Landale from New York. There is no ceasefire in beirut. This was the aftermath of yet another Air Strike in the lebanese capital. Israel says its Targeting Hezbollah commanders. These were their images of the attack, one that had devastating consequences. At the united nations, the Prime Minister has been meeting key regional leaders. He signed up to an international call for an immediate ceasefire, a call he echoed as he addressed the un general assembly for the first time. I call on Israel And Hezbollah, stop the violence, step back from the brink. We need to see an immediate ceasefire, to provide space for a diplomatic settlement. And we are working with all partners to that end, because further escalation
Welcome to the amine for our, heres where were headed this week this week, we examined power and all the ways it affects our lives. First, were going to compete with china were determined to do that. Todays big Power Conflict between china and the United States. My conversation with veteran diplomat us ambassador To Beijing Nicholas Burns, then people have always been interested and now theyre sort of worried. And concern about oh, no Luck Power unchecked power. And the fact that it might be coming for america, the writer who examined a man named Robert Moses who had the power to build and trample over new York Pulitzer prize winning Author Robert Kara joins me. Why 50 years on his seminal book is still flying off the shelves now its safe, you know, so people stay in the deadly Power Struggle in El Salvador between a Strongman President and the criminal gangs. And what it all means for the United States and then in our letter from london, he unleashed her as his secret Weapon Kingmaker