with the australian government to stop novak jock of it from possibly making sports history and melbourne or to let a millionaire get away with it. just like the tournament that starts on monday, there can only be one winner of next latest business news with janelle stick around. she will be right back with every day for us and for our planet.

global ideas is on its way to bring you more conservation. how do we make cities greener? how can we protect animals and their habitats? what to do with all our waste? we can make a difference by choosing reforestation over deforestation recycling over disposable smarten solutions overseen said in our ways the earth is truly unique. and we know that, that uniqueness is what allows us to live and survive google ideas, the environmental series in global 3000 on d, w, and online with o. u. s. inflation hits a nearly 40 year high food,

housing and cars have americans reaching ever deeper into their pockets and pressure for policymakers is rising along with the prices and is metal a monopoly. a federal judge allows an antitrust case to move forward, setting up a showdown between the federal trade commission and the company formerly known as facebook. this is the w business. i'm janelle de milan on to welcome the world's biggest economy has posted dramatic inflation numbers showing the fastest rise in prices since 1982 supply shortages and unprecedented demand in goods are driving up costs and squeezing households across the board. many americans have been feeling the effects for months. prices on every day, items are up with the average increase hitting a close to 40 year high of 7 percent in december when compared to the same time last year. steady increases mean that when we look back at that 12 month period,

there's a bit of sticker shock. the cost of new and used vehicles are up and day to day. necessities like food, energy, and shelter, have all risen. the federal reserve does have a 2 percent inflation target, but as the reason data show that target has been blown out of the water. but at this point, even if inflation slows down, prices may stay high. a lot of the factories in, in asia, that in the initial stages of supply chain issues had been shut down and had more recently gotten up and running in late 2021. you're already starting to see some renew shut down, but some of those factories and manufacturing facilities in asia because of the amazon barrett. all that does is kind of feed through yet another way of supply chain disruption. with the army kron variant scrambling supply chains. once again, the feds jerome howl said it's prepared to accelerate interest rate hikes this year

. the idea being that higher borrowing cost would lead to less spending and help lower inflation. a result, many american households are anxious to see. he ends quarter or correspondent joins us now in new york. and these are some giant increases why have markets appear to have taken them in their stride? clearly as a historic figure, i mean, just imagine that the biggest price increase since $982.00 that's been olivia newton. john was on top of the u. s. charts with the song, a physic health. so clearly a lot of things have changed since then, but for once, i mean the 7 percent a year over year, a price increase was precisely what wall street expected. and we already had the did see quite an impact on that in the past week. and then there's a little bit of the sense, at least on the wall street, that we might be either at or close to peak. so prices will say elevated,

especially when you compare it to a good 2 years ago. but slowly, they might be easing a little bit. so that's at least what's the sense on wall street at this point? 982 wasn't quite bornea then yet, but i'll take your word for it. now. what are you hearing from people on the ground beyond wall street? i mean, clearly people feel the impact that we need to talk to kept drivers. i mean they definitely complain about higher gasoline prices. so, but then also, i mean, i've talked to people and they actually scale becca some of their spending. so when they go to the supermarket, for example, they are there, they go out of the store. so with less than shopping back when it comes to travel, it depends if you can scale it back or not too famous to with driving cars. but you're here with left and right. that to people are actually spending less in general because

a lot of those items have gotten so expensive. take me to take cars, take rent, even so a lot of those prices are going up and people clearly feel the impact. hope you're not having a tight and you're about yes, yes. quarter in new york. thank you very much. now, if you didn't make it to the world to biggest tech event last week, you might have missed some cool new gadgets and possibly dodge a corona virus infection. c, as returned as an in person conference in las vegas for more than 70 south korean executives have tested positive after attending the trade show. despite the high numbers of cases recorded globally on the eve of e. s. companies such as sample and hyundai, confirmed, or in person plans. earlier this week, samsung had to fly back 20 employees on to special charter flights. according to south korean newspaper chose to an ill boat. they are currently recovering in a quarantine facility with little to no symptoms. a

federal judge in the us is allowing an antitrust suit against metal to move forward . the parent company of facebook is accused of implementing a bi or barry strategy in order to suppress competition. this is the federal trade commission. second, antitrust suit against meta the company had asked the judge to dismiss the suit, which could force a facebook to spin off popular apps like instagram and whatsapp. metal, on the other hand, said in a statement that their investments in these kinds of companies have been good for the competition. i'm joined now by my colleague, kirsty played sin christie. tell us how significant is this ruling? right, john? well, the really the biggest take away is that a judge is going to allow a lawsuit to go forward that has the aim of spinning off. what's happened instagram away from, from meta. so breaking this company up essentially. i mean, this is something we heard a lot of chatter about over the last year. as rhetoric has sort of taken in more

negative tone against big tech. it was both an implicit and explicit threaten analysis of a concrete step in this direction. the f t c basically sees meta as an illegal monopoly because they acquire their competitors as how they see it. or we can think about what's out. for example, we can ask ourselves how does this meaningfully differ from meadow's messaging service or instagram? that app is the about sharing photos sharing text with your social network. how it is this different from facebook? and this is the argument that the f t c is going to be able to make in court now. so in a fact, we might be seeing a shrinking met averse as it were, but this is the 2nd time that the f t c is making this argument. what's going to be different? right, well this very same judge in june throughout their 1st attempt at this pseudo he said quite scathingly, in fact, that the f t c had offered almost no meaningful evidence that facebook is indeed this monopoly that they claim. he said it was almost as if the commission expected the court to just take them at their word,

but this is that they have too much power. so this time of f t c has regrouped, they've come back, which with essentially the same argument, but much stronger evidence. and this is really going to be the key point going forward. i mean, we do see public sentiment taking more of a turn against big tech, but a sentiment isn't going to hold up in court. that's where you're really going to need to prove the hard facts. so are we looking at somewhat of a victory for lisa con, of course the f t. c commissioner and a known critic of big tech? yeah, i mean, i think you could, you could call it that meta. in fact, they tried to get the suit thrown out, arguing that con is biased against their company. the judge ultimately dismissed that argument. he said, you know, that she ultimately is a prosecutor, not a judge. so she doesn't have the same standards of neutrality that a judge would have, for example, and yeah, i mean a, her appointment last year really caused a big splash. several sources i've talked to with in the tech industry have said they do really expect meaningful legislation in the realm of big tech to come out

of the u. s. this year. in terms of this lawsuit that's bound most likely to go on for quite some time. still, but what this shows is that over the last 6 months of lena cons tennor, she's really laid a lot of groundwork for bigger things. ahead and that's really starting to bear fruit. at this point. christie plied sin talking about facebook. she's not on it though. i've already asked germany is in the process of phasing out both nuclear and coal power plants, that means a shortfall and energy generation that needs to be filled. the plan is for renewable sources to take on the job, and the rate is on to get them ready. 13 wind turbines being built in the far west of the country, nym insta, the energy they'll deliver will be put to good use, especially once germany's last, coal powered plant shuts down in 2038. but the expansion of wind energy is not going fast enough in many parts of the country,

says milan, niche cur, he's managing director of the company that operates this wind farm. this point, this project is special from the start. it's out strong support from the local authority in the district and local people. even the cities utility companies are involved. so everything gets done much faster in places where citizens initiative, se not in my back yard, it can take a lot longer out of it was a long banners like this on one sign of local resistance. some people in the region complain that wind turbines or a blot on the landscape, that's part of why it can take 10 years for a project to be approved. this village is home to an active citizens initiative matched. his awning is already annoyed that her house is surrounded by wind turbines. now they'll be joined by more or less than a kilometer away from her farm wide maniachi i do. you can hear the wind turbines

from a kilometer and a half away. the vent you hear them turning. it's annoying as hell one i'd fuck mom . and if they're even closer, when the sun comes out, you'll be in the flickering shadow. and when i tell my shakin shoe, but there are ways to get communities on board. milon nitika had a good experience on this project. he talked to locals beforehand and offered them a share in the wind farms profits. let's view mahunis. this is what i do is raised the capital for the project from local residents. they essentially give us alone and we give them back interest at a fixed rate. i'm guy that could be 5 percent, maybe 6 percent. that's quite a lot compared to the interest rates. banks offer nowadays vinzini the odd of her buncombe, the system to live there for you. we asked some residents how they feel about the wind farm. as a mr. hudson, i'm not bothered by it. up in mind. i only see the turbines and the distant one

vibe when we start us making. it doesn't bother me. i think it's good because renewable energy has to come from somewhere. oh, but new wind farms will only succeed if the people who live nearby give them the green light. here, at least they found a recipe to make it work. we're. that's all for me and the business team here in berlin. thank you very much for watching. ah, in a globalized world where everything is connected,

all it takes is a smart to set things in motion. local hero show how their ideas can change the world. global 3000. the next on d, w. going c o 2 neutral on a massive scale. inverse field, a town in germany is far north, the residents are switching to hydrogen fuel driving and heating hydrogen produced with green electricity. this alternative is definitely environmentally friendly, but what needs to happen to make it cost friendly as well made in germany. in 60 minutes on d w ah,

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