Business Rundown: Looming Port Strike, "Another Risk To Reigniting Inflation"

Last week, both the Dow and S&P 500 saw record highs as
investors rushed to take advantage of the Fed’s latest rate cut,
coupled with good economic data showing slowing inflation and
rising GDP. But now Wall Street is anticipating a consequential
data point about the direction unemployment is headed in America:
the September jobs report. At the same time, the International
Longshoremen’s Association will go on strike Tuesday if their union
demands are not met. A strike at this major East Coast port would
become America’s biggest supply chain disruption since the
pandemic. The Big Money Show co-anchor Taylor Riggs is joined by
Payne Capital Management President, Ryan Payne. Together they
discuss the recent record highs in the stock market, what’s driving
China’s latest stock surge, and why the looming port strike
threatens to push inflation in the wrong direction. Later, they
analyze China’s latest stock market surge. Learn more about your ad
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