Shipping container logjam at UK's Felixstowe port

The UK's largest commercial port says the supply chain crisis has caused a logjam of shipping containers. The Port of Felixstowe, which handles 36% of the UK's freight container traffic, blamed the busy pre-Christmas period and haulage shortages. In Shenzhen, China, two tropical storms in quick succession and covid lockdowns have caused a bottleneck. In Longbeach, California, the harbour has some 87 ships idle offshore waiting to dock. We hear from shipping giant Maersk, which is re-routing some of its biggest ships away from the Felixstowe. Maritime trade expert Lori Ann LaRocco explains why this is all happening in so many places at the same time. Plus, Joe Saluzzi on the day's trading on Wall Street.