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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 ....
Reform? what should concern them the most? given the scale ofthe them the most? given the scale of the defeat, them the most? given the scale of the defeat, the them the most? given the scale of the defeat, the answer them the most? given the scale of the defeat, the answer is of the defeat, the answer is they of the defeat, the answer is they have to worry about all of they have to worry about all of the above. The party lost nearly the above. The party lost nearly one in four of those who voted nearly one in four of those who voted for nearly one in four of those who voted for it nearly one in four of those who voted for it in 2019 two two, one voted for it in 2019 two two, one in voted for it in 2019 two two, one in four to labour and one int6 one in four to labour and one intdto one in four to labour and one into to the one in four to labour and one in 16 to the liberal democrats so it in 16 to the liberal democrats so it is in 16 to the liberal democrats so it ....
Also on the programme thinking outside the box. Why people with dyslexia could be best placed to unlock the potential of ai. And, back down to earth. Astronauts from all over the world gather in the netherlands for their annual convention. But what will they be talking about? we ll hear from one of them welcome to to business today, i m ben thompson. We begin in the us, where port workers across the east coast are set to walk out on strike tomorrow and to global supply chains. The action announced on sunday by the port workers union could shut down 36 ports which handle half the goods imported into the us via container. According to analysts atjp morgan, the cost to the us economy could be $5 billion a day. Shipping rates are already soaring ahead of the crucial festive shopping season. Mr president would you intervene in a dock workers strike? intervene in a dock workers strike?. , intervene in a dock workers strike? why intervene in a dock workers strike? no. Why not? in ....
Ground invasion. On lebanon, israel s defense minister said they were ready to use forces from air, sea and land to achieve its objectives against hezbollah to ensure people who d evacuated their homes in northern israel were safe to return. Use the quote that it would start soon in the few minutes. Hezbollah s deputy leader has insisted that the group is ready if israel decides to invade lebanon. In a defiant speech, he said the battle against israel will continue. In a separate development, lebanon s prime minister said he s ready to deploy the country s army to defend the border area if needed. Joining me now is our correspondentjon donnison, who s injerusalem, and anna foster, who s in beirut. And tom bateman in washington. First of all, all the indicators point to this ground incursion, this ground invasion starting pretty soon. starting pretty soon. Yeah, that s right. starting pretty soon. Yeah, that s right. The starting pretty soon. Yeah, that s right. The defence i that ....
I m dana perino along with judge jeanine pirro, jesse watters, and greg gutfeld. It s 5:00 in new york city. This is the five. president biden and vice president harris facing criticism further delayed response to hurricane helene over 120 people are confirmed dead and over 600 remained missing after the category form storm led category across the southeast. More than 2 million remain without power for several days and thousands are cut off from communication after towns were completely wiped out by the wrath of the storm. President biden pressed by a reporter of why he spent his time not in washington, d. C. The hurricane, why weren t you and vice president harris commanding this this weekend? president biden: i was on the phone for at least two hours yesterday in the day before as well. Telephone. All my security people. Kamala harris changing her schedule after fishing backlash for attending fundraisers. The vp will be receiving a briefing at fema headquarters in washington any ....