YELP - Wall Street Breakfast: Stuck In Suez
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Stuck in SuezTugs and diggers have so far failed to dislodge the Ever Given, a massive container ship stuck in the Suez Canal after losing the ability to steer amid high winds and a dust storm. The best chance for freeing the ship may not come until Sunday or Monday, when the tide will reach a peak, according to Nick Sloane, the salvage master who refloated cruise ship Costa Concordia in 2012 when it capsized off the coast of Italy. In response, WTI (CL1:COM) and Brent (CO1:COM) crude prices soared nearly 6% on Wednesday as worries grew over oil shipments.Broader concerns? Supply chains have already been strained by the coronavirus pandemic, and it's been harder for suppliers to get their hands on well-priced shipping rates. If
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Wall Street Breakfast: Stuck In Suez