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Morning Brew Daily
The Red Sea Global Shipping Crisis & CEOs Warn of AI "Hiroshima"
Jan 19, 2024
28:57
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Discussion on the Red Sea shipping crisis and its impact on global trade. Highlights from Davos and controversy over a monkey breeding facility. Stock picks, billionaires struggling to save newspapers, and Americans decreasing spending on weeknight fun.
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Quick takeaways
- The Red Sea shipping crisis is causing disruptions to global supply chains, adding costs and delays to deliveries.
- The financial challenges faced by billionaire owners of news publications highlight the ongoing difficulties in the news business.
Deep dives
Attacks on Commercial Ships Disrupt Supply Chains
Iran-backed Houthi rebels are launching daily attacks on commercial ships in the Red Sea, causing disruptions to global supply chains. Shipping companies are avoiding the Red Sea and taking longer routes, adding millions in costs and delays to deliveries. Companies like Tesla and Volvo have had to pause production due to the inability to receive parts in time. The impact is more significant for Asia and Europe trade, while the US oil shipments remain less affected.
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Discover
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