The two major sticking points between the international longshoremen S Association and us Maritime Alliance are wages and automation. Workers are unhappy with the current contract, which spanned the pandemic, when Dock Workers stayed on the job and endured months of soaring inflation on automation, the Union Boss has been warning Dock Workers that their jobs could be replaced by machines. In response, the us Maritime Alliance has said its 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 containerised imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and higher prices ahead of the president ial election. Thats something new York Governo
The Israeli Military has been describing it as a targeted, localised limited incursion so far. We had some details from a senior israeli Security Official, saying that these are local raids, very limited in scope, in the area, so no crashes happening so no clashes happening at the moment between israeli forces and hezbollah fighters in the south according to this senior israeli official. Obviously hezbollah has remained defiant. Yesterday, we heard from the Groups Number two who said that hezbollah fighters were ready to confront any israeli invasion. This is a part of the country that is a hezbollah stronghold. Obviously after two weeks of widespread israeli Air Strikes, high profile assassinations, hezbollah has been weakened, its leadership has been almost completely decimated, but the group remains a very powerful force. It is believed to have thousands of rockets, including missiles that can strike deep inside israel, also thousands of experienced fighters. So there is here the qu
Lays out her plans for the uk economy. We take a look at how they stack up. Take over or turn around . Rumours mount over the future of struggling Chip Maker Intel. And still there for us. Friends after all these years. How the Hit Show is doing after 30 years since monica, ross, rachel, chandler, Joey And Phoebe met in that new York Coffee bar and made a fortune. Welcome to business today. Im mark lobel. We start here in the uk where the chancellor, Rachel Reeves, has been laying out her plans for the economy ahead of the new governments first budget next month. The first ever female Uk Finance chief struck a positive tone. She is pledging a new era of stability after years of economic uncertainty. Saying his is a pro business, pro Worker Government that will deliver a New Industrial Strategy to unlock Growth And Draw in investment. Im joined by chief Uk Economist at pantheon macroeconomics, rob wood. Thanks forjoining us. What is your big takeaway from this speech ahead of next Month
New pressures are open and New Pressures are open and over. Us has made the decidedly low Energy Stud to the last Trading Day of the week after closing at new Record Highs on thursday. The dow settled against 40,000 points for the first time. They have overcome initial nerves about a big Interest Rate Cuts from the Federal Reserve after fed treasurer said the worlds biggest economy is in a good base despite slashing the cost of borrowing by a Jumbo Half a percentage point. So what is next . For more,. Lets bring in tim urbanowicz, head of Research And Investment strategy at Innovator Etfs in chicago. Welcome. Further, rest assured that rate cant, is reaching Record Highs but there are still high stock valuations, meaning that it is an extensive market. Click that limit further gains despite lower rates . , rates . This is probably their base rates . This is probably their Base Macbeth rates . This is probably their Base Macbeth case rates . This is probably their i Base Macbeth Case Sc
To acquire united states steel has been caught in the cross hairs of an election year and in the crucial swing state of pennsylvania where us steel is based. Us presidentjoe biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees kamala harris and donald trump have also both committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. Proponents of nippon steel s bid say the us shouldn t reject a bid from a company based in an allied country such as japan, especially one that could create an entity with the scale to compete with china. If the deal is successfully blocked, the fate of us steel is unclear. The company warned that it would imperil thousands ofjobs if the deal falls through. It may also close plants and even move its headquarters out of pittsburgh. Meanwhile, vice president kamala harris is proposing raising the capital gains t