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negotiators their due. he is meeting with them in the oval office. this case down to the wire with a source familiar with the negotiations telling nbc news the deal was reached early this morning after 20 hours of talks. there was, quote, a basic handshake at 2:30 a.m. and approval by the teamsters board at 4:30 a.m. it couldn't come at a more critical juncture as the biden administration tries to tame red hot 40 year high inflation with the midterms now just 53 days away. for some context about what a strike would mean for our economy, our web of railways are responsible for shippin...

Historically high. very difficult for people to deal with not coming down as fast as we'd like. add to that national rail strike that hits both passengers and all of these goods that need to get to plants and stores, and it would have been a nightmare. just an absolute lgistical and economical nightmare. so that is why they had 20 hours of talks and the biden administration scrambled everything they could to stop this because they needed, a, the win on it, but, b, just the economic hit. that is the more important point. and it hopefully looks like we avoided that. but, yeah, it would have sept...

Ports. what vulnerabilities still remain for our supply chains even if this deal finally goes through? >> yeah, it is a good question. and it would have happened just as the supply chains were starting to improve. if you look at some of the studies from the new york fed and elsewhere, companies are just starting to say that they are getting parts faster. this would have derailed all of that obviously to use a bad metaphor. we still have supply chains not moving particularly smoothly, which is why inflation is still high, why prices are still high and not coming down as fast as we'd like. so th...