Stuart Varney: Biden’s refusal to block looming ports strike could ignite inflation

In his “My Take” segment, Stuart Varney discusses the looming U.S. port strike by union workers, which is set to begin soon and could result in fruit and vegetable shortages, cost $4 to $5 billion daily, and potentially last for weeks. Varney highlights President Biden’s decision not to intervene, noting that this aligns with Biden’s pro-union stance, which was evident during the recent autoworkers’ strike.
A key issue behind the strike is dockworkers’ resistance to automation, fearing job losses due to technological advancements. With the election weeks away, Varney warns that the strike could trigger inflation and shortages, posing political risks for Biden, who has championed both union support and supply chain reform.