meta_pixel
Tapesearch Logo
Log in
CNBC's "Fast Money"

Looming Port Strike Threatens Trade… And The Latest Comments From Fed Chair Powell 9/30/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 30 September 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

A potential Port strike that could impact trade across the eastern seaboard. The massive economic impacts it could have, and the spaces that could get hit the hardest. Plus Stocks wrapping up a strong month and quarter… as Fed Chair Powell weighs in on the Fed’s next move. How the central bank’s new monetary policy will impact markets heading into year’s end. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0

Life in the Nesac Market site in the heart of New York City's Times Square, this is fast money.

0:05.7

Here's what's on tap tonight.

0:07.1

Port strike countdown.

0:08.1

We are just hours from a massive work stoppage up and down the East Coast and along the

0:12.1

Gulf Coast. How much damage

0:13.8

could this strike have on the economy and what retailers are most at risk for an

0:17.5

extended strike will go inside the numbers. Plus unspeakable devastation, the death toll from Hurricane Helene continues to climb and the damage to towns, homes, roads is almost beyond words.

0:28.0

An on-the-ground report coming up in an early look at just how much the recovery could cost.

0:32.0

And later, China's rally rolls on, the S&P gets... an early look at just how much the recovery could cost.

0:32.9

And later China's rally rolls on.

0:34.4

The S&P gets set for the spooky month of October and Tesla riding high ahead of its delivery

0:39.4

report.

0:40.4

I'm Melissa Lee coming to you live from Studio Be at the Nasak on the desk tonight.

0:43.2

Courtney Garcia, Karen Feinerman, Dan Nathan, and Guyadami.

0:46.5

We start off with the countdown to a potentially massive labor stoppage that could

0:50.3

royal trade across the eastern seaboard.

0:52.8

In just about seven hours, longshoremen from New Jersey to Houston are expected to go on strike.

0:58.3

Truckers and rail operators have been scrambling to move the billion dollars of cargo at these ports affecting industries from

1:04.3

retail to electronics to autos.

1:06.8

Nearly half of all goods imported to the U.S. go through these ports.

1:11.6

Earlier today, the Chamber of Commerce urged the Biden administration to block the

1:15.8

strike saying it would be, quote, unconscionable to allow a shutdown to shock the economy.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.