Supply chains start to readjust after Baltimore bridge collapse
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 26 March 2024
⏱️ 1 minutes
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Summary
Stocks fall; supply chains scrambling to absorb capacity after Baltimore port shuts down vessel traffic; home prices fall in January; durable goods orders rise.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. |
| 0:05.0 | Stocks closed down on Tuesday. The Dowell fell less than a tenth of our percent, |
| 0:10.0 | the S&P lost three tenths percent, and the NASDAQ gave up 4 tenth percent. |
| 0:15.4 | A search and rescue effort is ongoing in the Port of Baltimore after a container ship struck |
| 0:19.8 | the Francis Scott Key Bridge, causing the bridge to collapse. |
| 0:23.5 | The port has suspended vessel traffic into and out of the port. |
| 0:26.8 | In the meantime, other East Coast ports will have to absorb all the goods headed toward |
| 0:30.6 | the port of Baltimore, especially vehicles, because the port takes in a lot of |
| 0:34.4 | auto and truck imports. Home prices fell a tenth of our percent in January from the month before, |
| 0:40.5 | according to the S&P Corelogic K Schiller National Home Price Index. |
| 0:44.7 | Over the last year, prices were up 6%. |
| 0:48.0 | And orders of durable goods rose 3.10% in February, according to the Commerce Department, that's after stripping out aircraft orders, which are volatile. |
| 1:00.0 | I'm Justin Ho with the marketplace minute. |
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