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Boeing and union leaders resumed negotiations on Monday but reached a stalemate by the end of Tuesday. AdvertisementTalks between Boeing and union leaders have broken down two days after restarting. The first offer of a 25% pay rise was overwhelmingly rejected, while the union criticized Boeing for sending its second offer to the media and not negotiating with union leaders. "The company was hell-bent on standing on the non-negotiated offer," the union negotiating committee for IAM District 751 said on Tuesday. The IAM District 751 negotiating committee also said it "remains ready to continue mediated or direct talks."
Persons: , Stephanie Pope, Pope, Ron Epstein, Jon Ostrower, Kelly Ortberg Organizations: Boeing, Bank of America, Service, International Association of Machinists, Aerospace Workers, IAM, The, Alaska Airlines Locations: Seattle, Pacific
CNN —Nearly six months after Columbia University banned Khymani James, a Pro-Palestinian student activist, who said “Zionists don’t deserve to live,” the coalition that had apologized on his behalf rescinded its statement of regret – and advocated for armed resistance against Israel. “Last spring, in the midst of the encampments, Columbia University Apartheid Divest (CUAD) posted a statement framed as an apology on behalf of Khymani James,” CUAD posted Tuesday night on Instagram. “Where you’ve exhausted all peaceful means of resolution, violence is the only path forward.”Columbia, in a statement, said Wednesday that it decried any calls for acts of violence. “We aspire to be an open campus but cannot be open while we are uncertain of safety,” Columbia said in its statement. This week, with social media mixing calls for armed violence in the Middle East with defenses of local statements calling for violence, the balance tips to safety.”
Persons: Khymani James, don’t, , , ” CUAD, James, I’m, , we’ve, ” James, Israel, Katrina Armstrong, Benjamin Netanyahu, Columbia Organizations: CNN, Columbia University, Israel, Columbia University Apartheid, ” Columbia, Columbia, Hamas, Israel’s, Colleges Locations: Columbia, Palestine, Israel, America, Iran, Gaza
I spent weeks combing through thousands of discounts to find the best October Prime Day Apple deals. SKIP AHEAD Best Prime Day Apple deals | More Prime Day Apple sales | Best Apple sales at other retailers | How I picked the best Apple deals | Why trust NBC Select? Best Prime Day Apple salesHere are the best Prime Day Apple sales to know about. I’m a writer for NBC Select who has covered deals and sales for Amazon Prime Day, Black Friday, Cyber Monday and more. To round up the best Prime Day sales on Apple products, I found highly rated products at their lowest price ever or their lowest price in three months.
Persons: Apple, I’ll, TikTok Organizations: Apple, NBC, Big Deal, Bluetooth Bluetooth, Amazon, Microsoft, Walmart, Apple Watch Walmart, Amazon Prime, Facebook, Twitter
However, Best Buy’s flash sale is also happening on October 8 and 9. I spent weeks combing through thousands of discounts to find the best deals during Best Buy’s 48-hour flash sale. SKIP AHEAD Highly rated Best Buy flash sale deals | More deals from Best Buy’s flash sale | How I picked the best deals from Best Buy’s flash sale | Why trust NBC Select? More deals from Best Buy’s flash saleHere are the best sales from Best Buy’s flash sale to know about. To round up the best discounts on tech during Best Buy’s flash sale and Prime Big Deal Days, I found highly rated products at their lowest price in at least three months.
Persons: I’ll, Max, Bianca Alvarez, I’ve, earbuds I’ve, It’s, TikTok Organizations: NBC, Big Deal, Garmin Fenix, Samsung, Asus, Bluetooth, Amazon, Samsung TV, JBL, Apple, Amazon Alexa, Amazon Beats, Wellness, Bath, Giftable Tech, Deal, Facebook, Twitter
SKIP AHEAD Best Prime Day TV deals | Best Prime Day TV sales | How I picked the best TV deals | Why trust NBC Select? Best Prime Day TV deals4.4-star average rating from 579 reviews on AmazonLowest price in three monthsThe Samsung QN90C is one of the best TVs out there, in my opinion. Best Prime Day TV salesHere are the best Prime Day TV sales to know about. Amazon : Up to 27% off Alexa TVs: Up to 27% off Alexa TVs Amazon: Up to 50% off Samsung TVsHow I found the best Prime Day TV dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting. To round up the best Prime Day sales on TVs, I found highly-rated products at their lowest price ever or their lowest price in three months.
Persons: I’ll, Samsung’s, you’re, TikTok Organizations: NBC, Big Deal, Samsung, LG, Fire, Netflix, Amazon Prime, Disney, Google, Wellness, Bath, Giftable Tech, Facebook, Twitter
Amazon Prime Big Deal Days is here, offering discounts on Amazon devices during the 48-hour sale, exclusive to Prime members. SKIP AHEAD Best Prime Day Amazon device deals | How I picked the best Amazon device deals | Why trust NBC Select? Best Prime Day Amazon device deals3.9-star average rating from 9,304 reviews on AmazonAmazon’s Echo Buds were at their lowest price ever on the last Prime Big Deal Day, and are well worth a look this time around. How I found the best Prime Day Amazon device dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting. To round up the best Prime Day sales on TVs, I found highly-rated products at their lowest price ever or their lowest price in three months.
Persons: I’ll, Alexa, TikTok Organizations: Amazon, NBC, Big Deal, Deal, Alexa, Echo, Amazon Music, Spotify, Netflix, Disney, Marvel, Wellness, Bath, Giftable Tech, Facebook, Twitter
The former star appellate lawyer who allies once cast as the smartest person in the room remains confounded by the realities of Donald Trump. Roberts was shaken by the adverse public reaction to his decision affording Trump substantial immunity from criminal prosecution. The Roberts Court has been in sync with the GOP political agenda largely because of decisions the chief justice has authored: For Trump and other Republicans. But the politically charged valence deepened in the justices’ resolution of the case against former President Trump on election-interference charges from 2020. Harvard Law School professor Richard Lazarus, a longtime friend of Roberts, spent time with him in July immediately after the Trump decision was issued.
Persons: John Roberts, Donald Trump, Roberts, Trump, Roberts hewed, Roberts ’, Holder, Kamala Harris, Pew, Obama, John Marshall, Roger Taney, ” Roberts, Scott, Gore, Joe Biden, Harris, George W, Bush, Al Gore, Reagan, George H.W, William Rehnquist, , ” “, ” Trump, , Jack Smith, Sonia Sotomayor, excoriated, Sean Wilentz, Dred Scott, Erin Murphy, , ” Roman Martinez, Pence, ” Smith, Tanya Chutkan, Chutkan, Smith, Richard Lazarus, Lazarus, ” Lazarus Organizations: CNN, Trump, White House, Democratic, Pew Research Center, Republicans, Texas Gov, Capitol, Princeton, New York, . United, Georgetown University Law Center, House . Harvard Law, New, New England Law Boston, The Washington Locations: County, . United States, Galway, Ireland, New England
Right now, you can snag Prime Day Frame TV deals on 32-, 50-, 55-, 65-, 75-, and 85-inch models. The best Amazon Prime Day Frame TV dealsSamsung 65-inch Frame TV (2024) with Teak Bezel $1,597.99 $2,195.98 Save 27% Samsung's Frame TV is designed to be hung flush against your wall like a hanging piece of art. You're paying for style over image qualitySamsung 75-inch Frame TV (2024) with Teak Bezel $2,497.99 $3,195.98 Save 22% This Frame TV comes with a magnetic teak bezel to give it an art-frame look. View at AmazonSamsung 55-inch Frame TV (2024) with Teak Bezel $997.99 $1,631.48 Save 39% This package includes the 2024 version of Samsung's Frame TV bundled with a teak bezel. As you might guess by its name, Samsung's Frame TV is built to resemble an art frame hanging on your wall.
Persons: Steven Cohen, It's, it's, Samsung's Organizations: Business, Deal, Samsung, Amazon Samsung
The best Fire TV Stick deals right now include 42% off the Fire TV Stick 4K Max. The best Prime Day Fire TV Stick dealsAmazon Fire TV Stick 4K Max (2023) $34.99 $59.99 Save 42% This is Amazon's top streaming stick. View at Amazon What we like Check mark icon A check mark. Not a huge upgrade over previous modelAmazon Fire TV Stick 4K (2023) $24.99 $49.99 Save 50% The Fire TV Stick 4K is a good fit for 4K TV owners looking to spend less. View at Amazon What we like Check mark icon A check mark.
Persons: they're Organizations: Business, Deal, Amazon Prime, Alexa Voice, It's, Apple, Alexa
Learn moreAs the Amazon Prime Big Deal Days event kicks off, so do Prime Day monitor deals. View at AmazonThe best Amazon Prime Day gaming monitor dealsThe Samsung Neo G9 is 36% off, a fairly common deal for this model, but it's also often found at full price. However, it retains HDR1000 certification, a 1000R certification, AMD FreeSync Premium Pro, and a 240Hz refresh rate. It also has a blazingly fast 360hz refresh rate, making this an ideal high-end gaming monitor. It also supports HDR10 but its contrast performance can't match that of an OLED monitor.
Persons: We've, it's, OLED Organizations: Business, Amazon Prime, Deal, Gamers, Philips, LG, Dell, AMD, Samsung, Asus, Amazon Samsung, Amazon LG, Amazon, Amazon Dell Locations: Amazon
The best Amazon Prime Day dealsKeep checking in on our curated deals list below, as we'll be updating it throughout the event with our latest Prime Day picks. Tech and gaming Prime Day dealsThis will be one of the busiest sections of the October Prime Day sale, and some absolute bangers are live already. View at AmazonKitchen Prime Day dealsLooking for a Prime Day pick-me-up? View at AmazonStyle and beauty Prime Day dealsIt's not all high-end electronics on Prime Day. View at AmazonAmazon Prime Day FAQsWhen is Amazon Prime Day?
Persons: We'll, we've, we'd, You'll, Bose, Apple, LG's, 120Hz, HLG, OmniForce, Bissell, Loren, LQ, seltzer, It's, I've, Skip, shams Organizations: Business, Amazon Prime, Deal, Tech, Apple, Deal Sony, Slim, Alexa, Kindle, Google, Amazon Samsung Galaxy Watch, Galaxy Watch, Amazon, Sony, Apple AirPods, LG, Samsung, Dolby, HLG Smart, Amazon LG, Chatelet Air, Bissell, DELTA, Delta, Barista, REVLON, Revlon, Amazon Braun, Braun
Boeing is set to resume negotiations with union bosses on Monday. Thousands of members of the IAM union have been on strike since September 13. A group of Bank of America analysts, led by Ron Epstein, estimated that the strike was costing Boeing $50 million a day. Some 33,000 Boeing workers represented by the International Association of Machinists and Aerospace Workers have been on strike since September 13. Nearly 95% of union members voted against Boeing's initial offer of a 25% pay rise across the four-year contract.
Persons: , Ron Epstein, Kelly Ortberg, Boeing's Organizations: Boeing, Analysts, IAM, Service, Bank of America, International Association of Machinists, Aerospace Workers, Reuters, Business Insider
View at Amazon What we like Check mark icon A check mark. Includes 4K Blu-ray disc drive to play physical games discs and moviesCheck mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.
Persons: We'll, we've, you'll, I'm, we'd, You'll, Apple, LG's, 120Hz, HLG, vacuums, seltzer, shams, Dyson, OmniForce, Bissell, Loren, LQ, It's, I've, Skip Organizations: Business, Amazon Prime, Deal, Apple, Deal Sony, Slim, Alexa, Kindle, Google, Amazon Samsung Galaxy Watch, Galaxy Watch, Amazon Samsung, LG, Sony, Samsung, Amazon, Dolby, HLG Smart, Amazon LG, Chatelet Air, Barista, DELTA, Delta, Dyson, Bissell, REVLON, Revlon, Amazon Braun, Braun Locations: Delsey
What a hot job market means for inflation
  + stars: | 2024-10-06 | by ( Krystal Hur | ) edition.cnn.com   time to read: +3 min
New York CNN —The US job market is still piping hot. That comes after the Federal Reserve last month cut interest rates by a jumbo half-point, signaling that it is turning its attention from tamping down inflation to keeping the job market steady. But some warn that a still-strong labor market could make it more difficult for inflation to continue cooling. That’s because a low unemployment rate and hot job market underline a strong American consumer, whose spending helps drive up the cost of goods and services. Consumer inflation eased to its slowest annual pace since February 2021 in August, continuing a trend of cooling down in recent months.
Persons: FactSet, , Seema Shah, , Gina Bolvin Organizations: New, New York CNN, Bureau of Labor Statistics, Federal Reserve, Investors, , Fed, Asset Management, Labor Statistics, Bolvin Wealth Management Group, International Longshoremen’s Association, United States Maritime Alliance Locations: New York, July’s, Israel, Iran, Russia, Ukraine
For years, Jeff Sharp often relied on the same refrain when he came upon an addict. The only reason Bailey wasn’t charged in Hilbert’s murder, Zois told “Dateline,” is because she is dead. A lawyer for Bischoff disputed this account, telling “Dateline” that his client had nothing to do with Hilbert’s murder. Bailey Sharp, 23, was killed weeks after Justin Hilbert's murder. And without that money, the arrangement between Bischoff, Bailey and Serrano fell apart in the weeks that followed.
Persons: Jeff Sharp, Sharp, , , Bailey, Bailey Sharp, Justin Hilbert —, — Bailey, Amy Zois, Zois, Jared Bischoff, Bischoff, Danny Serrano, Bailey wasn’t, Ericka Sharp, , Ericka, Jeff, it’s, ” Jeff, he’d, ” Ericka, hadn’t, Tonya Reppe, Justin Hilbert, Hilbert, Bailey —, Serrano, Bailey’s, Lance Stoyer, Justin Hilbert's, Reppe, Stoyer, Hilbert —, she’d, Ricky, Bischoff’s, ” Zois, Dateline ”, Cathy, Steve Hudson Organizations: Seattle Police, Riverside, Former Navy, “ Dateline, , Zois, Sheriff’s, Facebook, NBC, , Dateline, Sharps, “ Dateline ” Locations: Southern California, Riverside County, Riverside, Inland, Riverside , Calif, Seattle, California, Texas, she’d, Palm Springs
I’ll frequently update this list leading up to October’s Prime Day sale on Oct. 8 and 9. SKIP AHEAD Best early Prime Day deals | More early Prime Day sales | Best sales at other retailers | How I picked the best early Prime Day deals | Why trust NBC Select? Best early Prime Day kitchen deals4.3-star average rating from 68,314 reviews on AmazonThis microwave popcorn maker is one of my favorite kitchen gadgets. Best early Prime Day salesHere are the best early Prime Day sales to know about. Best sales at other retailersHow I found the best early Prime Day dealsAll of my recommendations above are based on NBC Select’s previous coverage and reporting.
Persons: I’ve, I’ll, It’s, petrolatum, You’ll, it’s, you’re, , popper, fryer, Lindsay Schneider, TikTok Organizations: NBC, October’s, Alexa Voice, Amazon, Bluetooth, Wellness, Bath, Giftable Tech, Deal, Facebook, Twitter Locations: California
FEMA has dedicated disaster relief money that cannot be used for other purposes. FEMA’s disaster response efforts and individual assistance is funded through the Disaster Relief Fund, which is a dedicated fund for disaster efforts,” FEMA said in its post. “Disaster Relief Fund money has not been diverted to other, non-disaster related efforts.”FEMA added: “FEMA has enough money right now for immediate response and recovery needs. However, that program called the Shelter and Services Program, or SSP, is separate from FEMA’s disaster relief fund which is more than $20 billion. A spokesperson for Homeland Security, which oversees FEMA, said any claims of disaster funds going to illegal immigrants are false.
Persons: Donald Trump, Trump, , ” Trump, Alejandro Mayorkas, Helene, , Mayorkas, Hurricane Helene, Jim Jordan, Elon Musk, ” Mayorkas, Karine Jean, Pierre, Joe Biden Organizations: FEMA, Customs, Protection, Trump, Homeland, Disaster Relief Fund, Services, Catholic Charities, Salvation Army, Congress, Homeland Security, Air Force Locations: U.S, Saginaw , Michigan, Denver, Chicago, Philadelphia, Ohio, Hurricane
President Joe Biden welcomed the deal, saying it would secure the effective operation of Diego Garcia, a strategically important air base in the Indian Ocean, into the next century. But critics in Britain said it was a capitulation that played into the hands of China, which has close trade ties with Mauritius. Britain, which has controlled the region since 1814, detached the Chagos Islands in 1965 from Mauritius — a former colony that became independent three years later — to create the British Indian Ocean Territory. The new agreement said Mauritius would be free to implement a program of resettlement on the islands other than Diego Garcia, with the terms left for Port Louis to decide. David Blagden, associate professor of international security and strategy at Britain’s University of Exeter, said the deal was a “big win” for Mauritius.
Persons: Diego Garcia, Joe Biden, David Lammy, , ” Lammy, Biden, , Diego Garcia’s, Port Louis, Pravind Jugnauth, Olivier Bancoult, ” “, Keir Starmer, Tom Tugendhat, Britain’s, ” Robert Jenrick, Matthew Miller, ” Miller, David Blagden, Organizations: British, Mauritius —, United Nations General Assembly, Diego, Port, Refugees Group, Facebook, Labour Party won, Conservative Party, Conservative, State, Britain’s University of Exeter, Port Louis Locations: Mauritius, Britain, China, Africa, Iraq, Afghanistan, United States, Ocean, Seychelles, Mauritian, Beijing
CNN —Canadian ice dancer Nikolaj Sørensen has been suspended for a minimum of six years for “sexual maltreatment,” Canada’s Office of the Sport Integrity Commissioner (OSIC) announced on Wednesday. It’s unclear whether the alleged assault was ever reported to police, or if an investigation by law enforcement ever took place. While the report made by the alleged victim to the OSIC has not been released to the public, Hogshead tells CNN the alleged sexual assault occurred after a party in Hartford, Connecticut, in 2012. Sørensen and Laurence Fournier Beaudry perform their free dance in the ice dance competition at the 2024 world championships. Sørensen competed at the 2022 Winter Olympic Games in Beijing, finishing ninth in the ice dance competition with Beaudry.
Persons: Nikolaj Sørensen, , , Nancy Hogshead –, Sørensen, , ” Hogshead, Hogshead, Laurence Fournier Beaudry, Graham Hughes Organizations: CNN, Sport, of Canada, Skate, International Skating Union, ISU, Canadian Press, AP, Instagram, Canadian National, Games, Beaudry Locations: Canadian, American, Skate Canada, Hartford , Connecticut, Shanghai, China, Beijing
One alternative would be to sail to West Coast ports on the other side of the country, likely using the Panama Canal, a journey of thousands of miles that would hike costs and add weeks to delivery times. Bryan R. Smith / AFP - Getty Images fileThe ILA is seeking a big pay raise along with commitments to halt port automation projects it fears will kill jobs. The USMX had offered a 50% pay bump, but the ILA said it was insufficient to address its concerns. The strike affects 36 ports — including New York, Baltimore and Houston — that handle a range of containerized goods. Biden’s administration has repeatedly said it will not use federal powers to halt the strike.
Persons: , Everstream’s Jena Santoro, Bryan R, Smith, USMX, ” USMX, , Joe Biden’s, Morgan Stanley Organizations: International Longshoremen’s Association, Reuters, ILA, United States Maritime Alliance, Getty, Houston, National Retail Federation Locations: U.S, East Coast, Gulf Coast, West Coast, Panama, Maine, Texas, Bayonne , New Jersey, AFP, New York, Baltimore
Nearly 70 people who belong to or are associated with a white supremacist gang in the San Fernando Valley were indicted on federal charges, authorities announced Wednesday, saying the multi-agency operation was Los Angeles’ largest ever takedown of an extremist group. The San Fernando Valley gang is also affiliated with the Aryan Brotherhood and Mexican Mafia prison gang, authorities claimed. The alleged gang members have committed acts of violence against minorities cross the state, according to an FBI official. Those arrested Wednesday were expected to make initial appearances in federal court and to be held in jail with no bail. The federal racketeering charges can lead to lengthy prison terms up to life in prison for those convicted.
Persons: San Fernando Valley, Martin Estrada, , ” Estrada, Adolf Hitler, ’ ” Estrada, “ We’re Organizations: Los Angeles ’, Aryan Brotherhood, Mafia, FBI Locations: San Fernando, Los Angeles, Sherman Oaks, San Fernando Valley
An aerial picture taken on September 28, 2024, shows storm damage in the aftermath of Hurricane Helene in Valdosta, Georgia. The devastation wrought by Hurricane Helene across the southeastern United States could cost upwards of $34 billion, according to early estimates from Moody's Analytics. The Moody's report, released as Helene was making landfall last week, estimated that property damage could cost between $15 billion to $26 billion. And the resulting economic slowdown could cost $5 billion to $8 billion in productivity losses. Only about 6% of U.S. homeowners have flood insurance through either a private company or the congressionally funded National Flood Insurance Program, despite 90% of natural disasters involving flooding, he said.
Persons: Hurricane Helene, Helene, Mark Zandi, Zandi, Mark Friedlander, Friedlander, Joe Biden, Wiley Nickel, Florida Republican Sen, Rick Scott, Mark Amodei Organizations: Moody's, CNBC, Insurance, Flood Insurance, Federal Emergency Management Agency, FEMA, Disaster Relief Fund, Capitol, Florida Republican Locations: Hurricane, Valdosta , Georgia, United States, Florida , Georgia, North Carolina, South Carolina, Virginia, Tennessee, Appalachia, Washington
The trio of tests facing Harris comes with potential economic, political and humanitarian consequences if the administration errs. And the new scrutiny of Trump’s behavior after the 2020 election could cause some voters to again question his fitness for the Oval Office. Former President Donald Trump speaks during a campaign event at Dane Manufacturing in Waunakee, Wisconsin, October 1, 2024. NONE OF THIS HAPPENED WHILE I WAS PRESIDENT!” Trump wrote on Truth Social on Tuesday. But Trump has already tried to manipulate the tragedy for political gain, accusing Biden of “sleeping” following the storm.
Persons: Donald Trump, Kamala Harris, Biden, Hurricane Helene, Trump, Jack Smith, , Harris, Kamil Krzaczynski, Trump’s, ” Smith, Smith, ” Trump, Steven Cheung, JD Vance couldn’t, Augusta Mayor Garnett Johnson, Brendan Smialowski, Joe Biden, Helene, Amir Cohen, Hassan Nasrallah, Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, , , There’s, egging Netanyahu, Spencer Platt, “ Donald Trump …, Still, Mandel Ngan, they’ve, Brian Kemp, ” Biden, we’re Organizations: CNN, Oval, Dane Manufacturing, Getty, Trump, , Radical Democrats, Republican, Augusta, Democratic, White, Reuters, Wednesday, Democratic Party, Port, International Longshoremen’s Association, Biden, Republican Party, GOP, Raleigh Emergency Operations Center, Pentagon, National Guard, Georgia Republican Gov Locations: Hurricane, Waunakee , Wisconsin, AFP, Meadowbrook, Augusta , Georgia, Iran, Israel, United States, Tehran, Russia, Ukraine, Ashkelon, Lebanon, Gaza, Islamic Republic, Washington, Michigan, New York, Newark, Staten Island , New York, Gulf Coast, Raleigh , North Carolina, Georgia, North Carolina
New York CNN —A married New Jersey couple that was in a severe accident during an Uber ride can’t sue the company because they and their daughter agreed to arbitration when they accepted the terms of service for a separate Uber Eats order, a court has ruled. Georgia sustained several fractures throughout her body, including cervical, lumbar, spine and rib fractures and other physical injuries that required surgeries and other procedures. They tried taking Uber to court for a jury trial, but an appellate court recently ruled they can’t because they previously agreed to Uber’s updated terms and conditions requiring arbitration, which are the same in the Uber Eats and Uber ride app. The McGinty’s attorneys told CNN they’re reviewing the decision and will “likely” petition the New Jersey Supreme Court. Anger over arbitrationIt’s the latest case that highlights the intricacies of the terms of services having binding arbitration agreements that users agree to with many companies.
Persons: New York CNN —, John McGinty, Georgia McGinty, , John, Uber, ’ ” Uber, Georgia McGinty “, ’ ”, McGintys, they’re “, we’ve, ” Uber, Jeffrey Piccolo, Kanokporn Tangsuan, Disney, Piccolo, ” Josh D’Amaro Organizations: New, New York CNN, CNN, Uber, New Jersey Supreme, Disney, Locations: New York, New Jersey, Georgia
President Biden said on Tuesday that his administration will be "monitoring for any price gouging activity" that benefits foreign ocean carriers, including those on the USMX board. He also said "foreign ocean carriers have made record profits since the pandemic, when Longshoremen put themselves at risk to keep ports open." UBS forecast that 20% of Maersk's total volume would touch a U.S. port that would be impacted by the strike. Acting Secretary Julie Su lashed out at the idea that labor wage increases would be passed onto U.S. exporters and importers. I know they understand, just as consumers and American workers understand, that foreign companies who profit from our economy and who employ American workers and have an impact on American consumers should do the right thing, and in that battle, we are always going to stand with American workers, American businesses and American consumers."
Persons: Biden, Longshoremen, majeure, Daggett, Harold Daggett, Lars Jenson, Pete Buttigieg, Julie Su, Taft, Hartley, Buttigieg, Larry Lindsey, Su, Peter Friedmann, I've, nonfarm, Helene, switchers, they're, Jim Bianco, CNBC's, Peter Boockvar, Alan Baer, Steve Lamar, Taft Hartley, Lamar, CNBC's Jeff Cox Organizations: CMA, U.S, United States Maritime Alliance, Vespucci, Federal Reserve, Transportation, Labor, International Longshoremen's Association, UBS, Maersk, Federal Maritime Commission, ILA, Boeing, The Lindsey Group, Agriculture Transportation Coalition, Bianco Research, Bleakley Financial, USA, American Apparel and Footwear Association, Biden Administration, Locations: East, Gulf Coast, U.S, autoworkers
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