Anonymous ID: c0dcea Sept. 30, 2024, 10:02 a.m. No.21684176   🗄️.is 🔗kun   >>4179 >>4239 >>4580 >>4629

"An impending strike at U.S. East Coast and Gulf ports could impact the U.S. economy by as much as $4 billion a day, Jefferies analysts said, but a number of container-shipping stocks could benefit from market conditions.

"East/Gulf Coast port strike poses $3-4B/day threat to the US economy," Jefferies wrote in a note Friday. "Alternative port congestion/surging freight rates could quickly follow."

Last week, Oxford Economics estimated that the strike could reduce U.S. GDP by $4.5 billion to $7.5 billion for every week it continues. "That hit would be reversed once the strike is over, but we estimate that for each week the strike continues, it would take a month to clear the backlog, partly because West Coast ports are already approaching capacity," the Oxford team said, in a note.

"The strike, which will begin on October 1 if union members and port authorities do not agree on a new work contract, has prompted many importers to frontload shipments," Oxford Economics added. This has worsened congestion at US ports and contributed to an increase in overtime hours worked for manufacturing employees, according to the Oxford team. "Any disruption at ports would worsen congestion significantly as demand for imports in the US remains healthy, thanks to solid growth in real consumer spending, especially as we approach the holiday shopping season."

 

https://www.morningstar.com/news/marketwatch/2024093084/ports-strike-could-have-4-billion-daily-impact-but-these-container-stocks-are-well-positioned

Anonymous ID: c0dcea Sept. 30, 2024, 11 a.m. No.21684486   🗄️.is 🔗kun

President Trump: North Carolina, which has really been hit; we were going there also, they don't have communication, they don't have anything right now. I just spoke to Elon, I'm getting him; we want to get Starlink hooked up, because they have no communication whatsoever, and Elon will always come through.

Anonymous ID: c0dcea Sept. 30, 2024, 11:04 a.m. No.21684515   🗄️.is 🔗kun   >>4526 >>4532 >>4580 >>4629

President Trump: As you know, our country is in the final weeks of a hard-fought national election, but in a time like this, when a crisis hits, when our fellow citizens cry out in need, none of that matters. We're not talking about politics now. We have to all get together and get this solved. We have to have a lot of help down here. We look our for one another, we pull together, we pitch in, we persevere, and we pull it thorough, That is really the American Spirit. That's what made America originally great.

Anonymous ID: c0dcea Sept. 30, 2024, 11:07 a.m. No.21684542   🗄️.is 🔗kun   >>4580 >>4629

President Trump: The people on the ground are doing the best they can in every challenging circumstances. We do need some help from the federal government; they have to get together, ideally with the governor. The governor needs to; he's been trying to get them, and I'm sure they are going to come through, but he's been calling the president, hasn't been able to get him, but they'll come through, I'm sure.