Welcome to the AM Update, week in review.

A collection of the best moments from Aaron McIntyre's morning update.

You've probably seen a few headlines the past few days.

US representatives sound alarm over slowing port activity.

Trump says ports running empty is a good thing.

Cargo at the port of L.A. is down 35%

and so on and so forth.

China freight ship traffic to busiest U.S. ports

sees steep drop.

The last boats without crippling tariffs from China

are entering U.S. ports.

And on and on it goes.

Well, is that actually true?

You'll be surprised to know, no, it's not.

In fact, there is one reporter from CNN, Jonathan LeMeyer, who reports,

zero ships from China are bound for California's top ports.

Officials haven't seen that since the pandemic.

Well, what does the actual data show?

According to Bloomberg's terminal, that's a very robust computer application that shows real-time shipping, financial data, just a massive tool for traders and stockbrokers.

According to Bloomberg's terminal app, on May 10th, which is the same day that that report from CNN saying that there were no ships from China in the last 12 hours, because everybody knows that's the most important metric in the last 12 hours, last 12 hours.

The very day that he sent that, there were actually 53 ships headed for California's top

ports, all of them from China.

...