Dockworkers Strike Could Cost US Economy $4.5 Billion Per Day

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 indicate that the missiles were intercepted by Israeli defense systems—with one casualty, a Palestinian man who was killed by shrapnel. In a statement, Israel Defense Forces (IDF) noted that “10 million civilians” were ultimately targeted by the “Iranian projectiles.” 6:40pm- While speaking at the World Economic Forum, former Secretary of State John Kerry said that free speech prevents consensus in a Democracy—shockingly concluding that free speech should be squashed in favor of unanimity.