All of the back channel information I'm getting is that they're actually making some progress.

As long as they're extending the contract, I think that's a signal there will be no slowdown, ... Perhaps there will be a very long drawn out negotiating process that will give us a lot of gray hair.

Obviously I think this is a necessary first step because the contract negotiation unfortunately broke off this weekend and doesn't seem likely to be restarted, ... We have to do something to reopen ports. The impact is going to get much worse over time.

This has got the attention of every CEO in America, ... How much time can the president give mediation when he has all his friends calling him or [presidential political adviser] Karl Rove telling him there needs to be action.

You could order these guys back to work, but the question is what kind of productivity you're going to get out of those workers, ... Slowdowns can be almost more disruptive than flat-out work stoppages.

This has got the attention of every CEO in America, ... How long can the president give mediation when he has all his friends calling him or [presidential political adviser] Karl Rove telling him there needs to be action.