MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US: USMX And Port Operators Have No Plans For Talks In Near Term, CNBC

US
USGlobalHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America

CNBC reporting that USMX, the alliance of container carriers, direct employers, and port associations serving the East and Gulf Coasts of the US, has "no plans" for talks with port operators, "today or in the near term," to end a dockworkers strike that got underway yesterday. 

  • Semafor reported this morning: “The White House finds itself caught between importers’ pleas to stop the strike and unions opposing such government intervention. The Biden administration hasn’t stepped in so far, but will also want to avoid an economic disturbance that raises prices and delays deliveries of cars and Christmas decorations weeks before the presidential election.”
  • Politico notes: “The start of the longshoremen strike doesn’t have Democrats sweating just yet, despite the potential economic turmoil it could cause just weeks before the election.”
  • Senator Chris Van Hollen (D-MD), whose constituency port of Baltimore could be particularly hard hit, said: “My view is that the workers, the longshoremen, have a right to strike. And so I hope that we can resolve this in a way that addresses everybody's needs. So I think the administration should continue to do what they're doing at this point.”
  • International Longshoremen's Association union President Harold Daggett said in a statement on social media ahead of the strike: "We are prepared to fight as long as necessary, to stay out on strike for whatever period of time it takes, to get the wages and protections against automation our ILA members deserve."
237 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

CNBC reporting that USMX, the alliance of container carriers, direct employers, and port associations serving the East and Gulf Coasts of the US, has "no plans" for talks with port operators, "today or in the near term," to end a dockworkers strike that got underway yesterday. 

  • Semafor reported this morning: “The White House finds itself caught between importers’ pleas to stop the strike and unions opposing such government intervention. The Biden administration hasn’t stepped in so far, but will also want to avoid an economic disturbance that raises prices and delays deliveries of cars and Christmas decorations weeks before the presidential election.”
  • Politico notes: “The start of the longshoremen strike doesn’t have Democrats sweating just yet, despite the potential economic turmoil it could cause just weeks before the election.”
  • Senator Chris Van Hollen (D-MD), whose constituency port of Baltimore could be particularly hard hit, said: “My view is that the workers, the longshoremen, have a right to strike. And so I hope that we can resolve this in a way that addresses everybody's needs. So I think the administration should continue to do what they're doing at this point.”
  • International Longshoremen's Association union President Harold Daggett said in a statement on social media ahead of the strike: "We are prepared to fight as long as necessary, to stay out on strike for whatever period of time it takes, to get the wages and protections against automation our ILA members deserve."