Dockworkers Strike Could Cost US Economy $4.5 Billion Per Day

The Rich Zeoli Show

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4.9 • 1.6K Ratings

🗓️ 1 October 2024

⏱️ 41 minutes

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Summary

The Rich Zeoli Show- Hour 4: 6:05pm- Dockworkers Launch Massive Strike. Paul Berger of The Wall Street Journal writes: “Dockworkers at dozens of U.S. ports are digging in for a massive pay increase, seeking to flex their power in a strike that aims to strangle the flow of trade across much of the country…About 60% of containerized trade moves through the East Coast and Gulf Coast ports where ILA dockworkers last year unloaded about $588 billion of imports, according to S&P Global Market Intelligence…J.P. Morgan equity analysts estimate a ports strike would cost the U.S. economy between $3.8 billion and $4.5 billion a day, some of which would be recovered once normal operations resume.” You can read the full article here: https://www.wsj.com/articles/dockworkers-launch-strike-at-ports-from-maine-to-texas-dbbeec39?mod=hp_lead_pos8 6:20pm- Where is President Joe Biden? On Tuesday, Iran launched at least two waves of ballistic missiles at Israel—amounting to roughly 200 missiles in total. Initial reports indicate that the missiles were intercepted by Israeli defense systems—with one casualty, a Palestinian man who was killed by shrapnel. In a statement, Israel Defense Forces (IDF) noted that “10 million civilians” were ultimately targeted by the “Iranian projectiles.” 6:40pm- While speaking at the World Economic Forum, former Secretary of State John Kerry said that free speech prevents consensus in a Democracy—shockingly concluding that free speech should be squashed in favor of unanimity.

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0:00.0	The rich the holy show on talk radio 1210 W. P. H. D.
0:05.0	All right, as we are getting ready for the vice presidential debate tonight between J.D. Vance and Tim Waltz. The question will be, how much of a doofist will
0:16.9	Tim Waltz come across at the big debate? Welcome back to the show. Glad you're here
0:21.5	it is our fourth and final hour on Talk radio 1210 W. P. H. P. H. T.
0:24.6	No, I mean he's a big dork. He is a big doofus. Tim Waltz and I don't think his act is playing very very well. I think J.D.
0:30.8	I think J. Vans is going to have a great night. I do. I think he's going to do very, very well. I think J.D. Vance is going to have a great night. I do. I really do. I think he's going to do very, very well. Still monitoring the situation with Israel and Iran. Monitoring that, monitoring the hurricane response, monitoring what's going on with the
0:44.2	longshoreman I you know I wanted to mention to you too you know this whole long
0:48.1	shoreman strike and I had a lot of people when I tweeted out that clip this morning of this guy, this Harold
0:56.0	Daggot guy, calling him basically an eco-terrorist, you know, an eco-terrorist, like he's
1:01.7	threatening to shut down the entire economy
1:04.1	it's funny right because you got people on our side who were saying this guy's an
1:07.1	eco-economic terrorist I got left lefties accusing him of being in
1:15.3	cahoots with Trump to shut down the economy to help Trump get elected. I kid you not.
1:21.2	So I got I'm here hearing that which is just insane but this is the
1:26.4	clip from earlier today his big threat which went very viral and it's as
1:32.2	Jersey as you get I I mean this guy's in Jersey, North Jersey, this
1:36.9	threat it's as Jersey as you get. Take a listen. These people today don't know
1:40.7	what a strike is. Right.
1:43.0	When my men hit the streets from Maine to Texas, every single...
1:48.0	These people today don't know what a strike is.
1:54.0	Right.
1:55.0	When my men hit the streets from Maine to Texas, every single port, a lockdown.
	...

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