$2 million a day in wages: The devastating Baltimore bridge collapse will have sweeping economic impacts [USA TODAY]
JP Morgan Chase & Co. (JPM)
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Source: USA TODAY
The immediate price tag: $2 million dollars in wages a day and 8,000 jobs, according to Transportation Secretary Pete Buttigieg. "Rebuilding will not be quick or easy or cheap,” Buttigieg told reporters at the White House on Wednesday. The area is a critical one for America's economy. Ranked the United States' largest vehicle handling port, the Port of Baltimore offers the deepest harbor in Maryland's Chesapeake Bay . Closer to the Midwest than any other East Coast port, the Port of Baltimore also is within an overnight drive of one-third of the nation's population. Between $100 million and $200 million of cargo passes through the port every day. With that coming to standstill, many longshore workers could be unemployed, Buttigieg warned this week. Prep for the polls: See who is running for president and compare where they stand on key issues in our Voter Guide “About $2 million in wages… are at stake every day. And that's one of the areas we're mostly concerned about,” the
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JPM
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- 4/12/24 - Beat
JPM
Sec Filings
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- JPM's page on the SEC website