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“While even a brief shutdown would likely have negative impacts given the sheer volume of goods that come through these ports, our recent conversations with our companies suggest that they already have contingency plans in place, so the nearterm headwinds would likely be minimal,” Ciccarelli wrote. “That said, if the strike goes on for an extended period and the delays/backups compound, it’s likely that companies will begin to face higher logistical and supply chain costs (higher container rates, increased ground transport costs as stem miles increase, etc.) as well as potential product shortages.”
“In that scenario, we would expect many of our companies to face both cost, and potentially sales headwinds, until the strike is resolved and container backlogs are worked through,” the analyst added. In Truist’s view, the heaviest negative impacts would likely be on Dollar Tree Inc., Five Below Inc., Target Corp., Best Buy Co. Inc. and Walmart Inc.. However, Ciccarelli notes that the strike would likely be “a headwind of some level,” across the board.
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The strike could affect the U.S. economy by as much as $3 to $4 billion a day, according to Jefferies, while J.P. Morgan estimated that the ports shutdown could have an economic impact of $3.8 billion to $4.5 billion per day. However, some of that would be recovered over time after a return to normal operations, according to J.P. Morgan.
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When the body was first created, all the parts wanted to be Boss. The brain said, "I should be Boss because I control all of the body's responses and functions."
The feet said, "We should be Boss since we carry the brain about and get him to where he wants to go."
The hands said, "We should be the Boss because we do all the work and earn all the money."
Finally, the asshole spoke up. All the parts laughed at the idea of the asshole being the Boss. So, the asshole went on strike, blocked itself up and refused to work.
Within a short time, the eyes became crossed, the hands clenched, the feet twitched, the heart and lungs began to panic, and the brain fevered. Eventually, they all decided that the asshole should be the Boss, so the motion was passed. All the other parts did all the work while the Boss just sat and passed out the shit!
TP was getting low in 2 stores already
Hearing panic buying has started
Open to new talks? Here's my latest offer. You rejected a 50% pay increase so the new offer is a 25% pay decrease and you get to keep working until the automation is completed. Reject this offer and you can come collect your last paycheck along with a pink slip.
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I wonder how this will effect fentanyl and fake silver coin supplies...
Looks like I scared them into going back to work.Open to new talks? Here's my latest offer. You rejected a 50% pay increase so the new offer is a 25% pay decrease and you get to keep working until the automation is completed. Reject this offer and you can come collect your last paycheck along with a pink slip.
Since no ships are being unloaded anyway they might as well put an end to this BS and just build out the automation facilities now.
On a merchant mariner forum I follow there's some talk out of Port of NY & NJ about a possible settlement very soon. I hope they're right.
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