Massive Dockworkers Strike Could Send Ripples Through Automotive Industry

Massive Dockworkers Strike Could Send Ripples Through Automotive Industry

Good morning! It’s Tuesday, October 1, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: 45,000 Dock Workers Strike On East Coast Dockworkers on the U.S. … Read more

Port Strike Puts Biden In Tight Spot As Election Approaches

Port Strike Puts Biden In Tight Spot As Election Approaches

The longshoremen’s strike that bottled up U.S. ports from Maine to Texas has put Joe Biden in a tough political spot five weeks out from the presidential election. Tens of thousands of dockworkers walked off the job early Tuesday morning in a contract dispute with the group representing port employers. The work stoppage could deal … Read more

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida.  Giorgio Viera | Afp | Getty Images A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected … Read more

Iran launches missile attack on Israel for Nasrallah killing

Iran launches missile attack on Israel for Nasrallah killing

Iran on Tuesday launched a ballistic missile attack on Israel in retaliation for its recent killing of Hezbollah leader Hassan Nasrallah and an Iranian commander in Lebanon. The attack came on the heels of Israel’s deployment of ground forces into south Lebanon, escalating its offensive on Hezbollah, a militant group backed by Iran. “In response … Read more

Harris small business tour launches in play for Latino, Black voters

Harris small business tour launches in play for Latino, Black voters

Democratic presidential nominee and U.S. Vice President Kamala Harris speaks onstage during a campaign event, in Las Vegas, Nevada, U.S., September 29, 2024. Kevin Lamarque | Reuters Harris campaign surrogates are planning a series of stops with small businesses in at least six battleground states this week, according to a preview of the announcement first … Read more

What a lengthy U.S. port strike could mean for global supply chains

What a lengthy U.S. port strike could mean for global supply chains

A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. Spencer Platt | Getty Images News | Getty Images A massive dockworker strike at seaports on the U.S. East and Gulf coasts is expected to wreak havoc on global supply chains and the economy, … Read more

Major Longshoremen Strike Hits East Coast Ports

Major Longshoremen Strike Hits East Coast Ports

Thousands of dock workers at ports along the East and Gulf coasts went on strike early Tuesday morning amid a contract dispute, halting the flow of goods with a potentially costly work stoppage. Their union, the International Longshoremen’s Association, failed to reach a new six-year agreement with the United States Maritime Alliance, the group representing … Read more

Jim Cramer names Wall Street bright spots from the third quarter

Jim Cramer names Wall Street bright spots from the third quarter

CNBC’s Jim Cramer on Monday looked back at the past three months, picking out positives in a chaotic stretch for the market. “For once, good news was actually good news and interesting,” he said. “The next time you start to feel horrible about the state of the world, remember that miracles can still happen — … Read more

Biden On Trump’s Hurricane Lies: ‘I Don’t Know Why He Does This’

Biden On Trump’s Hurricane Lies: ‘I Don’t Know Why He Does This’

A visibly frustrated President Joe Biden rebuffed Donald Trump’s “irresponsible” claims that he hasn’t spoken with Georgia Gov. Brian Kemp (R) about the devastation from Hurricane Helene. “He is lying. Let me get this straight: He’s lying, and the governor told him he’s lying,” Biden said from the Oval Office. His remarks come hours after … Read more

Trump speaks in Georgia as Hurricane Helene fallout gets political

Trump speaks in Georgia as Hurricane Helene fallout gets political

Republican presidential nominee, former U.S. President Donald Trump pauses before speaking during a campaign rally at the Mosack Group warehouse on September 25, 2024 in Mint Hill, North Carolina.  Brandon Bell | Getty Images Republican presidential nominee Donald Trump is set Monday to deliver remarks and help hand out supplies in the hurricane-blasted swing state … Read more