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
0ur Correspondent Michelle Fleury is at the Port Of Newark in newjersey. Tell us what s going on there and all along the coast. We know the strike is about wages and automation, what s going on with the talks . Right now theres not much going on on on the docks, normally you might see some of the grains over their moving, containers being loaded, and off loaded from giant containerships, but all of that stopped at midnight last night. That is when the Master Contract between the union workers and the us Maritime Alliance expired, and the fight over wages and automation continues to rage and there is little agreement between them on this issue. So right now we are one of the Picket Lines here in newjersey, where workers have gathered short while ago, they stood in a long line singing, no automation, no automation. And we ve heard from the White House in the last few hours 7 what are they saying . How does this get solved . When it comes to critical infrastructure which ports are, and as
you in member state, your borders are your own and are protected by international law. you turn or you go, the british prime minsterfaces mounting pressure from her own mps to cancel the tax cuts announced in last month s mini budget. the right wing american radio host, alexjones, is ordered to pay almost a billion dollars in damages for false claims that the sandy hook school massacre was a hoax. and after years as science fiction, we meet the invented who s taking off in his brand new flying car. hello and welcome. there are desperate pleas for global support to protect the world s plants and animals after a new report has shown that wildlife populations have fallen by nearly 70% since 1970. the world wide fund for nature says governments, businesses and the public must take transformative action to reverse the destruction of biodiversity. sean dilley reports. striding with grace, content with its natural habitat in the amazon but maybe that s because this big cat doesn t
So as not to overreact to the string of low Inflation Readings that we had in the second half of last year. The recent data have clearly not given us greater confidence and instead indicate that its likely to take longer than expected to achieve that confidence. Todays remarks highlight the different paths being taken by Central Banks around the world, with the european Central Banks Christine Lagarde reaffirming that the ecb was still on track to cut rates. Many people expect the ecb will cut rates injune. Now, the timing of the first rate cut here in the United States this cycle has become a subject of much debate from main street to wall street to the campaign trail. The fed had previously signalled it intended to cut rates several times this year from a 23 year high of 5. 5 . Us stocks fell after mr powell spoke. Tensions in the middle east have also been weighing on markets, the conflict in the region has been cited as a risk to recovery for the Global Economy by the International
To the string of low Inflation Readings that we had in the second half of last year. The recent data have clearly not given us greater confidence and instead indicate that its likely to take longer than expected to achieve that confidence. Todays remarks highlight the different paths being taken by Central Banks around the world, with the european Central Banks Christine Lagarde reaffirming that the ecb was still on track to cut rates. Many people expect the ecb will cut rates injune. Now, the timing of the first rate cut here in the United States this cycle has become a subject of much debate from main street to wall street to the campaign trail. The fed had previously signalled it intended to cut rates several times this year from a 23 year high of 5. 5 . Us stocks fell after mr powell spoke. Heres how Stock Markets fared in the us after mr powells comments. The s p 500, nasdaq and the dow closed slightly lower. The federal reserve s next policy meeting will start at the end of april