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CNN CNN Newsroom Live June 4, 2024 05:19:00

Global economy. could it potentially trigger a major shock? it certainly could, and there are signs that it s doing so already, paula. shanghai is a city of 25 million people. it s been completely locked down now for 20 days, and the original idea was to try and lock down the city in two halves, the eastern parts, which contains the financial district was going to be locked down for five days. that would then reopen, and then the western part of the city would lock down for five days. but there were so many cases. we ve been seeing 20,000-plus cases a day, that pudong never reopened. the rest of the city went into lockdown as well, and it s been like that ever since april 1st. now, shanghai is the country s biggest port. about 20% of the container exports go through the port, and also it s a major manufacturing ....

Paula Newton , 25 Million , Eastern Parts , Biggest Port , Container Exports , April 1st ,

Detailed text transcripts for TV channel - FOXNEWS - 20121204:19:07:00

You. fox news alert on a small union strike getting national attention. the mayor of los angeles announced in the last couple hours he is going to join talks aimed at ending the strike that crippled one of the busiest seaports in the nation. a walkout by a handful of union workers triggering an estimated loves a billion dollars a day to the local economy. the two ports l.a. and long beach support 1.2 million southern california jobs. and they are the main gateway in the trade with asia in the weeks before christmas. they handle 47% of the container exports. reporter: if you split the ports apart. the la-long beach ports, they would be 1 and 2. together they are the largest. this has been going on for one week. 800 clerical workers walked on the line. 10,000 longshoremen won t cross ....

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