Transportation costs back to normal. We had about a 90% reduction of what that containerized cargo costs to bring the container from Asia to the west coast and I think in large part is the capacity question you know we have more capacity here now. The carriers are canceling saylings because of that diminished import number but on the other hand the good news if you ask any of these international carriers and and the American and the shipper it's still very strong.
Bloomberg Businessweek Editor Joel Weber and Bloomberg News US Economy Reporter Katia Dmitrieva discuss how traditional economic indicators can’t predict the timing of a US recession, and newer forecasting methods are untested. Mario Cordero, Executive Director at the Port of Long Beach, talks about the significance of ports within the US economy. Next Round Capital Partners Founder Ken Smythe explains how private companies are being creative to avoid a down round of funding. Kevin Carter, Founder of EMQQ, discusses how China’s reopening is signaling positive growth and opportunities for investors. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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