I'm a union employee with a railroad and was given the heads up the ports on the east coast are going to be shutting down for a strike at midnight tonight. 12:01 am or 00:01 . This is going to affect agriculture, automotive, food , oil, and general economic growth. Basically everything is going to skyrocket in price soon. And because Biden is not going to be in office next year he is not going to stop it with the Taff act so no 86 day cool down it's going to happen tonight .
A Financial heads up for yall on a budget at midnight tonight the east coast port unions are going on strike from NY to TX. Midnight tonight
byu/W-4_Exempt inwallstreetbets
Posted by W-4_Exempt
25 Comments
Wow if this is real, thanks for the heads up! Time for some research.
So spy puts at open?
Thank u for this information 🤝🤝
I was working at the port of Houston last week on a acid spill. Morale hella trash. These companies gunna have to cook up a deal with a Gordon Ramsay recipe
Yup call USMX and tell them to pay up. Prepare. Cannot wait to see peoples faces when they realize their processed food slop and made in China goods aren’t readily available for purchase on BNPL or Credit cards. Muh Walmart
Pete Rose died and now this. What a shit day.
This would be perfect time for railway workers to go on strike
i guess this will give long haul trucking transport a boost. They need it pretty bad after demand crash post interest rate hike.
This is already priced in… per usual wsb is late to the party. A lot of retailers prepped for this during the last quarter, and are loaded up for the holidays. I’m all in on defensive stocks, and bearish on the overall market; however this is a big nothing burger for equities.
So 4% Green Day tomrrow?
Maybe it’s me, but I am in the southeast and my area just got devastated from Helene. If yall are striking to prove a point and cut off supplies to the areas in a time of need yall can go suck it.
🤔
The Great Gay Bear vs Bull Dyke War of 2024 is getting hot
The pay raise demands are big, but can be done given the cost can be passed on since it’s businesses paying.
The attempt to block automation though seems crazy to me and there seems to be nobody wanting to talk. From what I read they caved on pay already but who knows if the union will sign on without the rest of their wants.
Futures are up
Just keep buying anything that says AI.
Does this mean no packages for ups and fedex?
Market rallies no matter what. That’s how I know things aren’t adding up
Calls on west coast ports
How TF they turn down a 50% pay increase?
Like WFT is the union thinking. This won’t come across well for them once prices start going up again.
Source:
Port strike: ILA union rejects 50% wage hike as shutdown at midnight nears
https://www.cnbc.com/2024/09/30/ports-strike-truckers-rails-billions-in-cargo-shutdown.html?__source=androidappshare
The union must be loving the attention
So you are telling me things are going to be more expensive? Sounds like record corporate profits are about to happen. Calls it is
this is bullish for tech companies and bearish for foreign shipping companies
Just fire their asses!
Just confirmed with a buddy who runs a commercial ship between Europe and the east coast, he’s been told the same thing as the OP says, he’s at sea due in port tomorrow night, and they are scrambling to figure out what’s happening.
Edit to add, he just relayed to me they are being told to expect the strike to last 2 weeks