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BBCNEWS Business Today October 1, 2024

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 no ....

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BBCNEWS Business Today October 1, 2024

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 . Well hear from one of them welcome to to busIness today, im 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.
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BBCNEWS Business Today - NYSE Opening Bell October 1, 2024

In almost 50 years. And india softens restrictions on rice exports. Well be live in mumbai. Welcome to business today, live from new york, i m ritika gupta. Us stocks inching lower this morning but, Wall Street is set to end september on a high. And earlier today, we saw a strong rally in asia chinese stocks surging 8. 5 off the back of more stimulus introduced by the chinese government. Joining me now is bob doll, ceo of crossmark global investments. Thanks forjoining us. Chinese stocks post their biggest one Day Rally since 2008, not seeing that feed into us markets. What are your thoughts on addin ....

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CNN CNN Newsroom With Jim Acosta October 1, 2024

Them morning. You were live in the Cnn Newsroom. Im Jim Acosta in washington. We are following Breaking News this Morning Disaster in Western North Carolina as one North Carolina official put it the devastation is quote biblical large swaths are completely cut off in that area. Official say, all roads there are considered closed. These are exclusive pictures coming into cnn showing the destruction in asheville. What you are looking at is the main Road And Biltmore village near the famous biltmore estate. Its a five lane road, usually full of cars now, its covered in debris and mud. People walking down the Middle Of The Road looking for supplies that as a comment in sight these days, helene tore through the his ....

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CNN CNN Newsroom With Pamela Brown October 1, 2024

Struggling with helenes catastrophic aftermath, much of the areas famed Scenic Lands its gate completely unrecognizable. Look at these visuals. It just tells you everything you need to know about the devastation and the damage from helene in Buncombe County where asheville is at least 35 stormrelated deaths are reported with more than 600 people unaccounted for officials warn the Death Toll could go much higher. And these exclusive pictures just in to cnn showed the extent of the destruction should in asheville. What you are looking at is the main road there and biltmore village, its near the famous biltmore estate. Its a five Lane Road usually pull up cars. Now, as you see a is covered in mud and debris. People walking down the Middle Of The Road looking for supplies helene tore through the historic village, the floo ....

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