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Transcripts For BBCNEWS Business Today 20241002

United states where ports all across the East And Gulf coasts including here in baltimore have virtually ground to a halt. It means goods ranging from cars to machinery and fresh fruit and vegtables are going to find a lot tougher to get into or out of the worlds biggest economy. An estimated 16,000 workers have stopped working over demands for more pay and less automation. The stoppages could cost the us economy as much as 5bn a day according to the Investment Bankjp Morgan but other experts say it will be less than that. One knock on could be as many as 100,000 people finding themselves temporarily out of work as the impact of the stoppage spreads. 0ur Correspondent Michelle fleury is at the Port Of Newark in newjersey. What other people telling you about how angry they are but also how long this might last . This is one of three dozen ports that are on strike as of midnight ....

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Transcripts For BBCNEWS Business Today 20241001

From raw materials and pharmaceuticals, clothes and toys, accounting for more than half import in containers. If it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something the new york governor rained in on. The something the new york governor rained in om rained in on. The potentialfor disruption rained in on. The potentialfor disruption is rained in on. The potentialfor disruption is significant. Rained in on. The potentialfor disruption is significant. We. Disruption is significant. We have not had an event like this in our port since 1977 and that lasted 12 days. We ....

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Transcripts For BBCNEWS Business Today 20241001

And pharmaceuticals, to clothes and toys, with ports accounting for more than half imports in containers. If it extends for weeks, it could lead to shortages and high prices ahead of the presidential election. That is something the new york governor weighed in on. The potential for disruption is significant. We have not had an event like this in our ports since 1977 and that lasted 12 days. We are deeply concerned about the impact that a strike could have on our supply chains, especially when it comes to critical goods like medical supplies and others. Under the 1947 act, president biden has the authority to order workers back to work but the current administration said it would not intervene and encourages all parties to keep negotiating in good faith. The chairman of the f ....

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Transcripts For BBCNEWS Business Today 20241001

On automation, the union boss has been warning dock workers that their jobs could be replaced by machines. In response, that us maritime alliance says it is offering to keep the current ban on fully automated equipment. A strike could cost the us economy $5 billion a day according to jp morgan analysts. A range of goods flow through the east and gulf coast ports. Everything from raw materials and pharmaceuticals, to clothes and toys, with the ports accounting for more than half of containerized imports. While consumers may not feel the impact of the strikes right away, if it extends for weeks, it could lead to shortages and high prices ahead of the presidential ....

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Transcripts For BBCNEWS BBC News 20241001

In lebanon, israeL Attacked more than 120 targets on sunday. At least 50 people are reported to have been killed in a series of attacks in the east of the country, including in the Bekaa Valley. With the latest, heres chi chi izundu. Panic in the centre of beirut. This shows the apparent aftermath of an Air Strike on a Building Close to a major Transportation Hub in the lebanese capital. Transportation hub in the lebanese capital. Israel has been targeting lebanese capital. Israel has been targeting hezbollah i lebanese capital. Israel has i been targeting hezbollah sites on the outskirts of beirut but this is thought to be the first time an attack has been carried out within the City Limits in the past year. The lebanese Prime Minister says the continuing Air Strikes may have forced as many as i continuing Air Strikes may have forced as many asi million people from their homes. This weekend has seen a major escalati ....

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