How long will it take the supply chain to normalize after dockworkers strike?
Former Toys R Us CEO Gerald Storch joins Kabuto: Coast to Coast to discuss the 90-day interim agreement for longshoremen. Longshoremen who formed a union The government on Thursday night suspended strikes at East Coast and Gulf Coast ports until mid-January, but it will take time for affected ports to return to normal operations due […]
Foreign-born employment remains near last month’s high
Claman Countdown panelists Brian Jacobsen and Paul Dietrich discuss hiring and layoff rates. number of foreign-born workers Although payrolls fell slightly in September from the previous month, employment of foreign-born workers remains near the highest level in more than a decade. Published by the Department of Labor's Bureau of Labor Statistics (BLS). job report The […]
Which industries hired the most workers in September?
Kenny Porcari, chief market strategist at SlateStone Wealth, reacts to acting Labor Secretary Biden's comments on the jobs report and future Fed rate cuts. increase in employment It accelerated faster than economists expected in September, driven by particularly strong growth in the food and beverage industry, health care and government. Employers added 254,000 jobs in […]
Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’
Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]
US economy added 254,000 jobs in September, well above expectations
David Nicholas, CEO of Nicholas Wealth Management, explains how the port strike could affect Barney & Co.'s stock market and the broader economy. U.S. job growth in September exceeded economists' expectations, with little change in the unemployment rate. The Labor Department reported Friday that employers added 254,000 jobs in September, well above the 140,000 increase […]
Vice President Harris says tentative dockworker agreement ‘indicates progress toward strong contract’
ImportGenius CEO and Co-Founder Michael Kanko talks about the impact and impact of the port strike on consumers on “The Big Money Show.” Striking US longshoremen are scheduled to return to work on Friday after reaching a tentative agreement with their employer. Vice President Kamala Harris said the deal “signals progress toward a strong contract.” […]
Dockworkers’ union reaches tentative agreement, will suspend port strike until January
“Kudrow” panelists Steve Moore and Michael Faulkender react to longshoremen striking over wages and automation. Striking US longshoremen are scheduled to return to work on Friday after reaching a tentative agreement with their employer on improved pay. According to FOX Business, the conditional offer was a 62% pay increase. This offer will be on hold […]
Port strike grinds coffee shipments to a halt at East and Gulf Coast ports
John DeCicco Jr., CEO of DeCicco & Sons, details the impact of the longshoremen's strike on his company as it prepares for fruit shortages. The strike currently in progress is Unionized longshoremen The unloading of imported coffee has been suspended at Eastern and Gulf ports, tightening supplies for coffee drinkers in the United States, the […]
Mortgage rates rise slightly | Fox Business
Real estate agent Kirsten Jordan discusses the impact of Federal Reserve interest rate decisions on the industry and analyzes presidential candidates' housing proposals. Mortgage interest rates rose slightly, and long-term bonds hit a two-year low last week. Freddie Mac's latest Primary Mortgage Market Study, released Thursday, found that the average benchmark interest rate 30 year […]
US port strike: GM, Walmart, LG top importers at impacted ports
John Cassimitidis, chairman and CEO of United Refining Company and Red Apple Group, discusses Mr. Biden's non-intervention in the port strike and how it fuels inflation. , explain what will increase the price of food and oil. An ongoing longshore union strike has shut down several ports on the U.S. East Coast and Gulf Coast […]