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Pacific to the caribbean sea. 40% of global cargo traffic moves through the slender waterway. >> reporteter: the pan aamaa is of the m most sucuccessful shortcuts. $270 billion of trade each year rides on this ribbon of water. boris is the vice president of operations. >> i have never walked across the panama canal. it's an experience. >> reporter: two-thirds of the travel is coming from or going to the united states. that flow of goods is now at risk because this 50-mile-long system that connects two oceans is actually above sea level and doesn't run on ocean water. >> it's freshwater. >> rep...

To see firsthand how a lack of rainfall is creating a backlog of cargo. >> reporter: there is a traffic jam outside of the panama canal. massive cargo ships sitting idle has a low water levels slow the low of goods through this critical waterway. >> we have vessels waiting outside for almost three weeks. time is money. time is money. >> reporter: antonio dominguez is a menacing director of shipping giant maersk. he is worried about drying up the canal. the number of vendors through each day has cut from 36 to 32 and some ships are forced to carry up to 40% less cargo so they don't hit bottom. ...

We are getting pushed into this ev world while many can't even afford it. at the same time, anybody was tying to still drive their gas car, gas prices are going up substantially in the past month. $3.82 is the national average. what exactly is going on here? this ev push premature. >> we've got to start somewhere. the ev buses have improved since the last reporting period you have to look at the big picture. there's no reason to panic at this particular disco. president biden has initiated the investment act. that is led to $270 billion in private investments. a lot of that investment, sandra,...

Trillion market cap one year ago to $270 billion today. quite the drop. >> cnbc live from london, thank you for all of the updates. still ahead here, a conversation about the polarizing politics ahead of tomorrow's elections. will i'll be joined by the chief white house correspondent for "the new york times" our friend peter baker. "way too early" will be right back with that. ker. "way too early" will be right back with that enough was enough. i talked to an asthma specialist and found out my severe asthma is driven by eosinophils, a type of asthma nucala can help control. now, fewer asthma a...

Dollar which affects the equation as well.- dollar which affects the equation as well. all of these sums are _ equation as well. all of these sums are based _ equation as well. all of these sums are based on _ equation as well. all of these sums are based on what - equation as well. all of these sums are based on what theyj sums are based on what they project is going to happen going forward, which is really difficult to work out at the moment, given the conflict in ukraine, what this winter is going to look like with energy prices. france needs to borrow some 270 billion euros in the next yea...