#Markets: Stepping back from a November 50 basis points Liz Peek The Hill. Fox News and Fox Business
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 2 October 2024
⏱️ 13 minutes
🧾️ Download transcript
Summary
1939 NYSE
Transcript
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| 0:00.0 | This is on the |
| 0:05.0 | This is CBS Eye on the World. |
| 0:08.0 | Here's John Bachelor. |
| 0:12.0 | Elizabeth Peak Commiss at the Hill, Combs at Fox News, takes us immediately to the headlines. |
| 0:18.8 | Doc workers launch strike at |
| 0:25.0 | Portes from Maine to Texas. This is the Wall Street Journal accompanying this is a graphic showing all the ports |
| 0:28.0 | and there is more. |
| 0:30.0 | At Bloomberg you can find a real-time graphic showing the lineup of container vessels |
| 0:36.4 | now parked offshore because there is no one to clear them out on the major docks all from Houston all the way to |
| 0:46.2 | Maine. Liz this is a surprise to me. I didn't know this was on the horizon last |
| 0:52.4 | week but now that I've been reading about it, |
| 0:55.4 | these dock workers believe they're going to be replaced by robots, and they not only want |
| 0:59.9 | more money, they weren't guarantees. |
| 1:02.2 | Is that credible on this part or is that a negotiating |
| 1:04.7 | position? Good evening to you. |
| 1:07.1 | Good evening, John. Well, I think honestly this strike has been sort of looming for weeks and the good news is that has |
| 1:14.3 | allowed a lot of big companies to front load they're buying even for the holiday |
| 1:19.8 | season big companies have been putting orders in early trying to get their |
| 1:24.4 | inventories in good shape so that a dock strike of some duration meaning a few |
| 1:29.7 | days or a week or so would not really disrupt their schedule. |
| 1:35.0 | But the problem is, I think, number one, for small businesses, |
| 1:39.0 | they don't have the wherewithal to do that. |
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