Rich Zeoli

Dockworkers Strike Could Cost US Economy $4.5 Billion Per Day

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The Rich Zeoli Show- Hour 4: 6:05pm- Dockworkers Launch Massive Strike. Paul Berger of The Wall Street Journal writes: “Dockworkers at dozens of U.S. ports are digging in for a massive pay increase, seeking to flex their power in a strike that aims to strangle the flow of trade across much of the country…About 60% of containerized trade moves through the East Coast and Gulf Coast ports where ILA dockworkers last year unloaded about $588 billion of imports, according to S&P Global Market Intelligence…J.P. Morgan equity analysts estimate a ports strike would cost the U.S. economy between $3.8 billion and $4.5 billion a day, some of which would be recovered once normal operations resume.” You can read the full article here: https://www.wsj.com/articles/dockworkers-launch-strike-at-ports-from-maine-to-texas-dbbeec39?mod=hp_lead_pos8 6:20pm- Where is President Joe Biden? On Tuesday, Iran launched at least two waves of ballistic missiles at Israel—amounting to roughly 200 missiles in total. Initial reports in