The United States Maritime Alliance, which represents ship lines and port operators, and union International Longshoremen’s Association (ILA) said they’ve agreed on a six-year deal. However, the agreement is not official until ratified by union members.
The ILA represents 50,000 members who fill 25,000 jobs at 14 ports from Maine to Texas. If a deal wasn’t reached, port workers threatened to go on strike next Thursday, Jan. 16.
Details of the agreement have yet to be publicly released, but sources close to the matter said it addresses a key sticking point for workers: automation.
In October, Longshoremen agreed to a wage increase of 62% over six years, and the two sides pushed other issues into 2025 to end a three-day strike.
5 dead, thousands of homes destroyed as fires rip through Los Angeles area
Five wildfires now burn in the Los Angeles area of Southern California, leaving death, destruction and devastation in their paths. And the infernos led President Joe Biden to cancel his final international trip in office. These stories and more highlight your Unbiased Updates for Thursday, Jan. 9, 2025.
5 dead, thousands of homes destroyed as fires rip through Los Angeles area
At least five wildfires were burning in the heavily populated Los Angeles area of California on Thursday, Jan. 9, destroying thousands of homes and putting millions of lives in danger. At least five people died from the blaze and more than 100,000 evacuated their homes.
Dry conditions and strong winds continue to fuel the flames.
The newest fire, the Sunset Fire, sparked Wednesday night in the famous Hollywood Hills region. According to the Los Angeles Fire Department’s latest update at 11:50 p.m. PST on Wednesday, the blaze engulfed 60 acres at 0% contained.
The Palisades Fire remains the biggest threat, covering over 17,000 acres at 0% containment.
Officials said it destroyed at least 1,000 buildings, making it the most destructive fire in Los Angeles history.
The deadly Eaton Fire near Pasadena and Altadena spanned more than 10,000 acres at 0% contained. All five reported deaths were linked to the Eaton Fire.
Fire crews made headway on the Hurst Fire in the San Fernando Valley, containing about 10% of the blaze that spread to almost 900 acres, according to CalFire.
Crews made the most progress in fighting the Lidia Fire in Acton, about 50 miles north of downtown Los Angeles. That fire scorched about 350 acres, but CalFire said it was 40% contained.
California Gov. Gavin Newsom said more than 7,500 firefighters, including crews from Oregon, New Mexico, and Washington state, are battling the flames.
More than 7,500 firefighting personnel are on the ground working with local and federal partners to respond to California's ongoing historic wildfires.
Southern California residents — please remain vigilant tonight. Listen to local officials and be ready to evacuate if you're…
While mandatory evacuation orders are in effect for certain areas, officials told everyone in the area to pack a go-bag and be prepared to leave.
Celebrities among victims to lose homes in California wildfires
With tens of thousands of people impacted by the ongoing wildfires in California, come countless personal stories of loss, grief, shock and, in some cases, gratitude. Among those affected in the Los Angeles County and Hollywood area are some famous names.
Celebrities shared their accounts of the devastating scenes, something many said is like out of a movie.
“This Is Us” star Mandy Moore posted videos to her Instagram account of the fiery destruction in Altadena, writing, “I love you, Altadena. Grateful for my family and pets getting out last night before it was too late. Honestly, I’m in shock and feeling numb for all, so many have lost, including my family … our community is broken but we will be here to rebuild together.”
“Seeing our home burn to the ground on live TV is something no one should ever have to experience. The devastation is unimaginable. To know so many are waking up today without the place they called home is truly heartbreaking,” Hilton wrote.
Actor Billy Crystal released a statement with his wife after losing his Pacific Palisades home.
“Janice and I lived in our home since 1979,” Crystal said. “We raised our children and grandchildren here. Every inch of our house was filled with love. Beautiful memories that can’t be taken away. We are heartbroken of course but with the love of our children and friends we will get through this.”
James Woods, who once starred on the television show “Shark,” openly wept in a CNN interview as he talked about his immense loss and the search for his neighbors.
As the fires spread across the hub of the entertainment world, organizers postponed multiple movie premieres, TV productions and award shows.
The Critics Choice Awards, originally scheduled for Sunday, Jan. 12, have been moved to Jan. 26. The Oscar nominations announcement was pushed back two days to Jan. 19.
An NHL hockey game involving the Los Angeles Kings was postponed Wednesday night. The NFL said it is monitoring the conditions as the Los Angeles Rams are slated to host a playoff game Monday night, Jan. 13.
Biden to deliver eulogy at Carter’s funeral, Trump to attend
On Thursday afternoon, President Joe Biden will deliver the eulogy at the state funeral for former President Jimmy Carter at the Washington National Cathedral.
President-elect Donald Trump will also attend the funeral. Trump, along with his wife Melania, were among those to pay their respects as the 39th president was lying in state at the Capitol Rotunda on Wednesday.
After the funeral, Carter’s body will take one final trip back to his home state of Georgia where he will be buried next to his wife of 77 years, Rosalynn.
While in Washington on Wednesday, Trump held a private meeting with Republican senators at the Capitol to discuss a strategy for top priorities heading into his second term. While speaking to reporters, Trump called the wildfires in California “a true tragedy.”
Biden announced Wednesday he canceled his final international trip of his presidency. He said he will remain in Washington, D.C., to monitor the deadly fires in Southern California.
Biden was set to take part in a three-day trip to Rome and the Vatican where he would meet with Pope Francis and the Italian president. His announcement came just hours after meeting his first great-grandchild, born at Cedars-Sinai Medical Center in Los Angeles.
Capitol police arrest man who brought machete to Jimmy Carter viewing
As thousands of Americans paid their respects to Carter at the Capitol, authorities arrested a man Wednesday at a security screening for people waiting to view the late president as he lies in state in Washington.
Capitol police said the man, identified as Washington resident Mel Horne, carried a machete and three knives in a bag. Authorities spotted the weapons as the bag went through an X-ray machine. Horne now faces multiple charges of carrying a dangerous weapon.
Capitol police also said officers arrested a Virginia man who lit a bag containing accelerants on fire on top of his car near the Capitol. They do not believe the two incidents were connected.
Port strike averted after tentative deal reached
Longshoremen reached a tentative new contract deal Wednesday with shipping and port companies along the East and Gulf Coasts of the U.S., averting a potentially crippling strike for now.
The United States Maritime Alliance, which represents ship lines and port operators, and union International Longshoremen’s Association (ILA) said they’ve agreed on a six-year deal. However, the agreement is not official until ratified by union members.
The ILA represents 50,000 members who fill 25,000 jobs at 14 ports from Maine to Texas. If this deal wasn’t reached, port workers were set to go on strike beginning next Thursday, Jan. 16.
Details of the agreement have not yet been publicly released, but sources close to the matter said it addresses a key sticking point for workers: automation.
In October, Longshoremen agreed to a wage increase of 62% over six years, and the two sides pushed other issues into 2025 to end a three-day strike.
Airbnb.org providing free, temporary housing for displaced California residents
Airbnb.org, the nonprofit founded by Airbnb, is providing free, temporary housing for people displaced by the Los Angeles County fires. The organization partnered with the non-profit 211 LA to connect those who lost their homes or have been forced to evacuate with a free place to stay.
Dockworkers push to ban automation at ports with strike deadline weeks away
U.S. supply chains may face a test to start 2025 as dockworkers and their employers restart contract negotiations. Automation will take center stage as the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) reconvene at the bargaining table.
The ILA negotiated a 62% raise over the next six years after a short-lived three-day strike in October. With conversations over wages in the rearview mirror, automation will be the focus of talks which begin on Tuesday, Jan. 7. If the two sides fail to come to terms by Jan. 15, more than 45,000 dockworkers could return to the picket line.
The ILA called for a total ban on automation amid the first labor dispute. Automation has been so contentious that the union reportedly walked out of negotiations in November because it says the USMX was “pushing automation and semi-automation language in its Master Contract proposals that will eliminate ILA jobs.”
“They want to go automation,” ILA President Harold J. Daggett said in a video posted to the union’s YouTube account in September. “They want more money now. ‘Get rid of these men. We don’t need them no more.’ It’s a big change going on.”
“This is kind of the conundrum that we’re in,” Patrick Penfield, a professor of supply chain practice at Syracuse University, told Straight Arrow News prior to October’s strike. “Ideally, we should be automating to streamline operations, to be able to move things in and out. But unfortunately, automation does come at a price from a job standpoint, and there will be less jobs on the ports if you automate. This is kind of the sticking point.”
The union has found an ally in President-elect Donald Trump, who met with leadership in December.
“I’ve studied automation, and know just about everything there is to know about it,” Trump wrote on Truth Social. “The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen.”
But Penfield says the U.S. is lagging behind the rest of the world when it comes to automation at its ports.
Global rankings have the busiest U.S. ports ranked near the bottom of the pack when it comes to efficiency. There’s not a single U.S. port in the S&P Global ranking’s top 50.
“Sadly, the United States has some of the worst ports in regards to automation,” Penfield said. “You could even consider some of our ports as good as a third-world country’s ports, just because [there’s] not a lot of automation there.”
Penfield said that if dockworkers were to take to the picket line for an extended period of time, it wouldn’t take long for Americans to feel it.
“So at first it’ll be minimal, but as it progresses, it’ll get worse,” he said. “Every day there’s a strike, that’s about five days of supply chain disruptions. But I’d say after a week, then we’re going to start to feel some issues and problems for companies.”
Penfield said a lot of food comes through East Coast ports, and with a prolonged strike, companies would have to fly food in, raising prices and leading to shortages.
Trump supports Longshoremen’s Association fight against ‘automation’
Dockworkers looking to reach a labor deal before the January strike deadline just got the backing of a big ally in President-elect Donald Trump. Trump threw his support behind longshore workers’ major sticking point in labor negotiations, automation at the ports.
He said he met with the International Longshoremen’s Association (ILA) President Harold Daggett this week.
On Truth Social, the president-elect posted, “I’ve studied automation, and know just about everything there is to know about it. The amount of money saved is nowhere near the distress, hurt, and harm it causes for American Workers, in this case, our Longshoremen.”
The ILA and the U.S. Maritime Alliance, the group representing ports and shipping companies, have until Jan. 15 to reach a deal to avoid a possible strike. The Maritime Alliance said its companies and ports are working to speed up processing in ways that it claims will help American businesses.
“We need modern technology that is proven to improve worker safety, boost port efficiency, increase port capacity, and strengthen our supply chains,” the organization said.
A strike could have major effects on the U.S. economy. Longshore workers went on strike for three days in October before the two sides reached a short-term deal.
Economists say strikes at the ports cost the U.S. economy billions of dollars every day. A shutdown lasting more than a few weeks will push up prices and crunch supplies, though unlike in October, there’s no holiday season looming come January.
The strike is over for now, as thousands of dockworkers return to their jobs after a tentative agreement to raise their pay. And why after more than three decades in prison , the Menendez brothers — infamous for killing their parents — might have their case reviewed and the factor it all hinges on. These stories and more highlight your Unbiased Updates for Friday, Oct. 4, 2024.
Tens of thousands of U.S. dockworkers are getting back on the job after two days of a strike that clogged dozens of East and Gulf coast ports. The historic labor action, which threatened to drive inflation back up, is now on hold until at least January 15.
Thursday night, Oct. 3, members of the International Longshoremen’s Association struck a tentative deal with the U.S. Maritime Alliance over pay. The agreement will increase workers’ wages by 62% over the span of six years.
The agreement is an increase over the Maritime Alliance’s offer of 50% earlier this week, but a compromise for the ILA, which has called for a 77% increase in wages over the same time period.
The new deal would bring hourly pay for top dockworkers to $63 per hour by the end of the deal, compared to $39 an hour under the most recently expired contract.
Dockworkers had also been calling for a total ban on automation, but no deal was reached on that. Sources close to the matter have said that will be the main topic of negotiations between now and Jan. 15.
I applaud the International Longshoremen’s Association and the United States Maritime Alliance for coming together to reopen the East Coast and Gulf ports and ensure the availability of critical supplies for Hurricane Helene recovery and rebuilding.
More Israeli strikes on Hezbollah targets in Beirut
Powerful blasts rocked Beirut Thursday night into Friday morning, Oct. 4, as Israel unleashed some of its heaviest strikes on the Lebanese capital city yet. This comes as Iran’s foreign minister is in Beirut meeting with Lebanese officials over the expanding conflict between Israel and Iran-backed militant group Hezbollah.
Thursday, Israel ordered more evacuations for villages in southern Lebanon, potentially signaling plans to broaden the ground invasion there. Meanwhile, Lebanon’s state-run news agency said an Israeli strike took out the main highway between Lebanon and Syria, which tens of thousands of people have used over the past two weeks to flee the escalating fighting between Israel and Hezbollah.
🔴Mohammad Rashid Sakafi, the Commander of Hezbollah’s Communications Unit, during a precise, intelligence-based strike in Beirut yesterday.
Sakafi was a senior Hezbollah terrorist, who was responsible for the communications unit since 2000. Sakafi invested significant efforts… pic.twitter.com/PH65nh5FLI
The Israeli military also said it killed another top Hezbollah militant, Mohammed Anisi, in a recent strike on Beirut. Hezbollah has not yet confirmed that claim.
Three ex-officers found guilty in Tyre Nichols beating death
A federal jury convicted three former Memphis police officers in the 2023 beating death of Tyre Nichols Thursday, but they were acquitted of the most serious charges. The jury found Tadarrius Bean, Demetrius Haley and Justin Smith guilty of witness tampering for covering up the attack. Haley was also convicted of violating Nichols’ civil rights.
Nichols died three days after the officers brutally beat him following a traffic stop. The officers now face up to 20 years in prison for the witness tampering convictions while Haley’s civil rights violation conviction carries up to 10 years. Sentencing is pending with a hearing scheduled to determine whether they will remain in custody.
The case has triggered federal investigations into Memphis police practices, and Nichols’ family has filed a $550 million lawsuit against the city and its police department.
In a statement, the assistant U.S. attorney who oversees the Justice Department’s Civil Rights Division said, “Tyre Nichols should be alive today.”
35 years later, Menendez brothers’ case under review following claims of parental abuse
Los Angeles District Attorney George Gascón announced his office will review the convictions of Erik and Lyle Menendez, nearly 35 years after they were imprisoned for killing their parents in 1989. New evidence, including a letter from Erik Menendez alleging sexual abuse by their father, prompted the reexamination.
Gascón stressed that while the brothers’ guilt is not being contested, the new evidence and changing views on sexual abuse require a review. The attorney for the Menendez brothers argues they’ve been rehabilitated and is seeking a re-sentencing.
A hearing on Nov. 29 will determine the next steps, which could include a new trial or an adjusted sentence.
Country star Garth Brooks accused of rape
A former employee has come forward accusing country music superstar Garth Brooks of sexual assault and battery. In a the lawsuit, the woman said she worked as his hair and makeup artist.
The lawsuit alleges in 2019, Brooks raped the woman during a work trip in Los Angeles.
Before this lawsuit was made public, CNN reported an anonymous celebrity plaintiff — now identified as Brooks — had tried to block the woman from suing and denied the claims.
In a statement released to the media, Brooks said, “For the last two months, I have been hassled to no end with threats, lies, and tragic tales of what my future would be if I did not write a check for many millions of dollars.”
If there was ever a night that I really needed this, TONIGHT was that night! Thank you for my life!!!!! love, g pic.twitter.com/q6FFLrJO0a
He went on to say, “Hush money, no matter how much or how little, is still hush money. In my mind, that means I am admitting to behavior I am incapable of—ugly acts no human should ever do to another. We filed suit against this person nearly a month ago to speak out against extortion and defamation of character. We filed it anonymously for the sake of families on both sides.”
Category 4 Hurricane Kirk strengthens, expected to stay offshore
Hurricane Kirk, a powerful Category 4 storm, is churning in the Atlantic, with forecasters warning of dangerous swells that could impact the U.S. east coast, Bermuda, the Greater Antilles, and the Bahamas by this weekend. Though the hurricane is expected to remain far from land, its waves might cause life-threatening surf and rip currents.
NEW: #Kirk is now a major #hurricane with 125mph sustained winds and will strengthen to *near Category 5 strength* over the next couple of days. Certainly thankful it will remain out to sea and no threat to land! #HurricaneKirk#weatherpic.twitter.com/frSGbEgtFe
As Kirk strengthens, Tropical Storm Leslie has also formed in the Atlantic but poses no immediate threat to land.
Meanwhile, the southeast is still reeling from Hurricane Helene, which left more than 200 people dead and caused catastrophic damage. Rescue efforts continue as many residents remain without water, power and communication services.
President Joe Biden has visited the region to survey the devastation, pledging federal aid for debris removal and recovery efforts in Florida, Georgia, and the Carolinas.
Dockworkers begin strike at East and Gulf coast ports
Tens of thousands of dockworkers are now on strike across the country — what that could mean for you. And the first and only vice presidential debate is just hours away. These stories and more highlight your Unbiased Updates for Tuesday, Oct. 1, 2024.
Dockworkers begin strike at east and gulf coast ports
Thousands of dockworkers along the East and Gulf coasts have walked off the job, impacting the movement of billions of dollars’ worth of goods. They took to the picket lines just after midnight Tuesday, Oct. 1, once the contract between the International Longshoremen’s Association and the United States Maritime Alliance officially lapsed.
The ILA has been calling for higher wages for workers and a total ban on automation in a new contract at some of the busiest ports in the country.
The two sides have not met face-to-face since June. Monday, Sept. 30, the Maritime Alliance asked for an extension, but the ILA did not grant one.
The strike has the potential to cause shortages and price increases of consumer goods right as the holiday shopping season approaches. Trucking companies and freight rail operators were scrambling to move billions in products in advance of the strike.
President Joe Biden could invoke a federal labor law to force the longshoremen back to work, but he has said he has no intention of doing that. Straight Arrow News’ Business Correspondent Simone Del Rosario spoke with Syracuse University Professor of Supply Chain Practice Patrick Penfield about when he thinks the White House should step in.
“I give it at least five days, I think,” Penfield said. “After that, I think the government really needs to step in.”
He added, “I think that’s really all we can afford, to be honest with you. And I think, again, if you’re the Biden administration, this is probably a worry because it’s an election year, right? So, again, if the constituents see that there’s issues and problems here and you don’t resolve them, then that could be bad for, you know, whoever’s running for office.”
JD Vance, Tim Walz to take the stage for vice presidential debate tonight
Tuesday is debate night in America once again, this time, between the two vice presidential nominees. Ohio Sen. JD Vance and Minnesota Gov. Tim Walz will participate in the first and only vice presidential debate with just 35 days to go until Election Day.
The 90-minute debate will be hosted by CBS News and simulcast on other networks. It will take place from the CBS Broadcast Center in New York City and moderated by “CBS Evening News” anchor Norah O’Donnell and “Face the Nation” moderator Margaret Brennan.
There will be two commercial breaks during which campaign staff cannot interact with their candidates. Pre-written notes are not allowed and, unlike the presidential debates, a candidate’s microphone will not be muted when the other is talking.
On Thursday, Sept. 26, Vance won the virtual coin toss and opted to go last with his closing statement.
The Democratic nominee Vice President Kamala Harris visited FEMA headquarters, where she told them she and President Biden would do everything they could to help the communities impacted.
“The destruction we have seen in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia is heartbreaking,” Harris said. “In coordination with state and local officials, President Biden and I will continue to make sure that communities have the support and the resources that they need not only to respond to this storm and its immediate aftermath but also the resources they will need to recover.”
President Biden said he will visit hard-hit North Carolina on Wednesday, Oct. 2. Harris said she will be on the ground “as soon as possible.”
Meanwhile, Republican nominee former President Donald Trump visited Valdosta, Georgia, which suffered severe damage from Helene. While there, Trump said this was not a time for politics.
“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,” he said. “We’re not talking about politics now. We have to all get together and get this solved. We need a lot of help. They have to have a lot of help down here. We look out for one another. We pull together, we pitch in, we persevere and we pull it through. That is really the American spirit. That’s what made America originally great.”
Though Trump said he’d leave politics out of it, some of his words caused controversy in Washington. Trump claimed President Biden had not spoken with Georgia Gov. Brian Kemp (R).
Biden responded saying Trump is lying and Kemp himself said he spoke with the president on Sunday, Sept. 29.
Israel launches ground offensive against Hezbollah in Lebanon
The newest phase of war in the Middle East appears to have officially arrived as Israel has begun ground attacks in Lebanon. It’s the escalation in fighting there that the United States and its allies have been trying to keep from happening for weeks now.
Israel now says there’s intense fighting between its troops and the Iran-backed militant group Hezbollah, which started launching strikes against Israel not long after the war with Hamas broke out in October of last year. Hezbollah has said the strikes are a show of solidarity with Hamas.
On Tuesday, Hezbollah said it had launched rocket and artillery attacks against Israeli troops at positions within Israel, but didn’t mention Israeli forces within Lebanon.
CVS board assessing options, including potential company break-up
CVS could be splitting up. According to a new report from Reuters, the company is exploring options to potentially separate its retail and insurance units, as it struggles to rebound into the health care giant that company leaders have been envisioning.
Investors want the company to improve its operations as CVS’ earnings outlook continues to decrease.
Sources familiar with the matter told Reuters the company’s board has been discussing options with its financial advisers in recent weeks — including what a possible split could look like. The sources said the board has not made any decisions yet and could still choose not to make any major changes to the business.
Fmr. NBA star Dikembe Mutombo, MLB hit king Pete Rose pass away
The sports world is remembering two gifted athletes who died on Monday.
Basketball Hall of Famer Dikembe Mutombo passed away at the age of 58 after a battle with brain cancer. Mutombo played 18 seasons in the NBA, was an eight-time All-Star and went on to serve as the league’s first global ambassador.
He became famous for his finger wag after blocking another player’s shot.
In a statement, NBA Commissioner Adam Silver called Mutombo “simply larger than life.”
In his 24-year career, Rose won three World Series championships and was a 17-time All-Star.
However, his career took a turn in 1989 when he was banned from baseball for gambling on games as manager of the Cincinnati Reds. After denying it for many years, Rose would eventually admit he did bet on games in his 2004 autobiography.
Despite not being in the Hall of Fame, Rose still remains on top of the MLB’s career hit list with 4,256 hits. Fans and supporters will remember him as “Charlie Hustle.”
If port workers go on strike, here’s when one expert says Biden should step in
Price increases could be on the horizon if dockworkers and port operators fail to reach terms on a labor contract before Tuesday, Oct. 1. The stoppage at 36 ports along the eastern seaboard and in the Gulf of Mexico would be the first for maritime workers in nearly 50 years.
Members of the International Longshoremen’s Association and the United Maritime Alliance, which negotiates on behalf of port operators, have been locked in negotiations for months.
The 85,000 longshore workers have been calling for higher wages and a ban on automating cranes, grates, and moving containers as part of the loading and unloading process.
Contract offers haven’t been made public by either side, but a trade publication reports the union is seeking a $5-per-hour raise for each year of the 6-year contract, while the alliance has offered an annual raise of $2.50.
The union president said the offer was “insulting.”
“I think that the dilemma that we have is that the longshoremen, they’ve always been a strong union, and so they realize that if you automate, you’re going to take away their jobs,” said Patrick Penfield, a professor of supply chain practice at Syracuse University. “This is the conundrum that we’re in. Ideally, we should be automating to streamline operations, to be able to move things in and out. But unfortunately, automation does come at a price from a job standpoint, and there will be [fewer] jobs on the ports if you automate. This is kind of the sticking point.”
Penfield said it will take some time for customers to feel the sticker shock of a stoppage, but the longer the strike goes on, the more likely it will be to see higher prices.
“You’re going to see an increase in pricing rates, trucking rates,” he said. “So you’ll see congestion again, rates will go up. You’re going to see issues with food because there’s a lot of food that goes through the East Coast ports, so in order to get that food, you’re going to have to air it in. And if you air anything these days, it’s going to cost a lot more money.”
President Joe Biden has the power to force workers back on the job if they choose to strike. Congress did stop a rail workers strike in 2022 at the urging of the White House. But about a month before the election, Biden said he’s not planning to intervene at this time. Instead, the administration has called on both sides to come up with a negotiated solution.
The National Retail Federation called on the Biden administration to keep engaging with both sides.
“Many retailers have already taken steps to mitigate the potential impact of a strike by bringing in products earlier or shifting products to the West Coast,” NRF Vice President of Supply Chain and Customs Jonathan Gold said in an email to Straight Arrow News. “The global supply chain is a complex system and even a minor disruption would have a negative impact and cause delays at a critical time for both retailers and consumers.”
Penfield said Biden staying out of it is a “smart move” for now. But the longer a strike drags on, the more likely Biden will have to get involved.
“Eventually, if it goes on too long, I think they have to step in, just because this would cause some major issues and problems within the whole country,” he said. “So I give it at least five days. I think after five days, then I think the government really needs to step in.”
A strike would have a huge impact on the economy.
J.P. Morgan transportation analysts estimate a strike could cost as much as $5 billion per day. The longer it goes on, the more the costs pile up. For each day ports are shuttered, it takes around five days to clear the extra containers.
