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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. 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 ....
There are Reports Tonight that a us official says israel intends to launch a Ground Offensive in lebanon, which could begin as soon as today. Israeli tanks are gathering by the countrys northern border. Israels Defence Minister, who was visiting troops today, told them the next phase of the war will begin soon. Hezbollah has said its prepared for all out war. Lets go straight to lebanon and the capital beirut, anna foster. There is a realfeeling of momentum in the Middle East tonight, after the israeli Defence Minister told his troops on the board at that the military would use force by air, Sea And Land to achieve the aim of returning displaced israelis ....
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 walkin ....