Suez Canal shutdown impacts billions of dollars in trade

Efforts are ongoing to free a huge container ship blocking the Suez Canal, which is responsible for 30% of the world's seaborne traffic and billions of dollars in trade a day. CNN's John Defterios and Ben Wedeman discuss what the economic impact of the event could be.
#Suez #CNNBusiness #FirstMove

68 comments

  1. So who was the one at the wheel when all this happened? Hell even bitcoin is taking a hit from this.

    1. Even bitcoin. We got hit the hardest! And as much as people want to say otherwise btc hasn’t decoupled from traditional markets.

    2. It was a pilot who works for the canal company or used to work for the canal company.
      Oil prices are going to spike because of this

    1. @Sssstt Eghjksj It’s Supergirl, not Superwoman. And Kara could pick up the boat just as easily, probably with more pizzazz too.

    1. It’s just a blocked movement. Like the one I had this AM. Feed it some Enchilada’s, it’ll work out by tomorrow. No worries.

    2. @Drumer16 XVI Hence. Why he said. “Wasn’t supposed to be”. Meaning. There’s no sign to do any turn

  2. A perfect metaphor for what the Petroleum Industry and the countries that control it are doing to the planet.

    1. President Potato Head said he was here to solve problems. So just ask him how to fix it quickly. He has the answers according to…..himself.

  3. Wild how this is such an essential canal to so much trade and no one thought to come up with a plan B for such situations?

  4. I cant help but think of the people who have been fired for some small infraction and then I look at this.

  5. Though there has been a recent crash in the stock market, you as intending or old investor, can still take advantage and make a whole lot of profit when you buy into the dips technically. 😉 Work with this financial guru *Miriam* *Aspen* *George* . *God* *bless* *you!*

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    1. @Dennis Goldsmith No doubt Mrs Maria Queen Trading Services is very good, I invested $5,000 and cashed out $25,000 after 3 weeks. I still wonder how she get her analysis

    2. Thanks alot i Just sent her a message on WhatsApp she attended to me nicely, Such a nice lady. bitcoin is bringing a different revolution into world’s economy. people are optimistic, investors earn consistently, others just sit and watch

    3. Is this a proposition? Because I think prostitution is illegal even if it’s in exchange for bitcoins.

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