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
The Conservative Partys annual conference starts today in birmingham. The event is a chance for The Partys four leadership candidates to make an impression, with each of them due to give a speech on wednesday. Speaking to Laura Kuenssberg this morning, leadership hopeful Robert Jenrick explained why he is the man to turn around the fortunes of the Conservative Party after losing out to labour in the general election. In the article that i wrote in the hours after the election, then i came on your show that weekend, i said that we failed to deliver on the economy, on the nhs and our borders. So there are multiple failures that we need to acknowledge as a party, whilst obviously defending the things we got right in government, and then weve got to listen to the public and set out serious answers to those challenges. Ive spent the last few months thinking very deeply about how we do that, and i dont want to waste the next five years debating those things. Thats a recipe for more infightin
To run over and catch him. It was extremely nice to get away, even forfive or six days. I have to say, part of me felt like id like to bury my head in the sand, but i couldnt do that because the only thing, of course, everybody wanted to talk about on my holiday was Guess What The American election. Actually, it was quite interesting because i heard Mayor Sadiq Khan of london on one of the us nets i think it was Today Or Yesterday saying that The American election is the most important election of all the elections that are taking place around the world this year, and it was certainly the case while i was on holiday. Its literally the only topic of conversation. Thats my sense also around the dinner table. Im sure thats the case for you as well, caitriona. I mean, it feels like everyone constantly wants to ask, whos going to win . And of course, that is The One question that we cant answer, were not going to answer, nobody wants to be left with egg on their face, and its impossible to
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Now looking like a ghost town. Thousands have left, many more are still trying to leave. Driving through dahieh this morning, we saw cars packed with mattresses and bags. Some people seemed to be leaving on foot. Israeli Air Strikes destroyed this building yesterday. The smell of the explosives was still hanging in the air and we could hear the sound of drones flying overhead. Israel says it will continue to target hezbollah, even after killing the groups leader, Hassan Nasrallah. Dahieh is no longer safe. There is a tense and anxious wait in lebanon following the killing of Hassan Nasrallah. The wait for a possible response from hezbollah. For 30 years, Hassan Nasrallah led A Group often described as a state within a state. Hezbollah has been weakened but it has Not been defeated. There is a trail of destruction in dahieh and across the country. A Ground Invasion of Southern Lebanon feels more imminent. But here, the impact on those caught up by the violence. Lebanon saysi million peo