Global shipping delays cast shadow over strong December jobs report
Publishing timestamp: 2024-01-05 18:13:09
Summary
The strong December jobs report is overshadowed by global shipping delays caused by attacks on cargo vessels in the Red Sea. Danish shipping company Maersk has announced that it will continue diverting its fleet from the region indefinitely due to ongoing attacks from Houthi rebels. The White House is concerned about the potential impact on the U.S. supply chain and the economy, as shipping holdups could trigger a domino effect. The delays have already affected companies such as Ikea and Electrolux. Biden's national security team is working with partners and shippers to address the situation.
Sentiment: N/A
Tickers: MAERSK.B-DK, AMKBY,
Keywords: white house, personnel, congress, politics, breaking news: politics, ap moeller - maersk a/s, economy, washington, joe biden, jared bernstein, government and politics, united states, business news,