raise interest rates and the implications for the global economy. i'll have more headlines for you at the top of the hour. if you're looking for more news and analysis, there's always our website, d, w dot com. i'm to go further from me and the entire team here in berlin. thank you so much for your company with sh ah, where i come from, we have to file for a free press. i was born and raised in the military dictatorship with one tv channel and a few newspapers with official information as the journey i had work on the 3 of many cameras and their problems are always the same. for 2 fortunate inequality, a lack of the freedom of the bread and corruption, we can afford to stay silent when it comes to the defense of the human from semen.

white people who have decide to put their trust enough. my name is candy perez and i work at the w. ah ah, oh, they good by the easy money. the federal reserve that south it's roadmap for ending it's pandemic stimulus. all see with that could mean for the recovery in the us and the rest of the world into volcanic eruption, triggers an oil fil an ocean away. and peru where people now wonder who's going to pay for the damage. and what was the winter wonderland without snow, will take you to colorado where climate change has the resort making her own powder

. chelsea delaney welcome to the show. interest rates are on their way up. that's the word from washington where the federal reserve has laid out plans for paring back stimulus to fight surging inflation. prices in the us are increasing out of rates not seen since the early 19 eighties, driven largely by energy and food. and march, the central bank is likely to raise the cost of borrowing for the 1st time and nearly 2 years and wind down an asset purchasing program that could help cool inflation, which is running at a fastest rate in 40 years. now fed chairman drone, powell addressed fears that are rate hike would hurt the job market. i think there is quite a bit of room to raise interest rates without reading the labor market. this is by so many measures historically tight labor market record levels of job openings of quits. wages are moving up at the highest pace they have in decades

now against corta, our corresponded new york joins us now. yeah, and this was a highly anticipated meeting. what is your take away from what we've heard from from power and the federal reserve here? well, chelsea, i would say what was most surprising is how often gerald paul, especially during the press conference, repeated that we are almost seeing max employment. so almost full employment here in the united states and that inflation is hotter than the federal reserve firm had expected for quite some time. and so that did sound a bit more aggressive than some market participants. some actually expected 10. tim, if you look at it overall, i mean the united states is expecting growth of about 4 percent this year. in general, that is pretty solid. and so it's crystal clear that in march, if nothing, a dramatic happens, we will see the 1st,

the increase of interest rates followed by a couple of other in the remainder of the year when the prospect of the fad turning off the stimulus taps has been causing a lot of volatility on markets in the past couple of weeks. what has the reaction been from wall street today? well, it was actually pretty strong reaction. initially before the meeting ended to blue chips were up by a good to 300 points, then we got the end of the fed meeting. nothing major happens. but then when jerome paul started to prep press conference, that's when the stock prices started to drop at some points. blue chips were down by about 300 points. so that's a point swing of more than 600 points during the training session. i mean, if you look at it historically, when we are in faces of rising interest rate,

that has often been a pretty good time for stocks because the reason why the federal reserve is increasing. great. that's because the amount call me is a strong and not a weak having that set. and that's going to be one of the big question that the u. s. economy especially also the stock market have been on the rise so strong in the past couple of months in the past, almost 2 years is mainly because of all the similar measures from the u. s. government. and because of the ultra cheap monetary policy of the federal reserve, and if those 2 pillars so to speak are taken away, we have to see how markets and how the economy reacts. maybe one final word we shouldn't forget. it's not due to the federal reserve to make their stock market happy, and they have to look for price stability and for employment. like a point there, yan, thanks so much for joining us. now the ripple

effects of a volcano in tonga are washing up on the beaches of peru. the eruption triggered as to nominate soon ami that had peru including an offshore refinery. peruvians are joining the queen of effort while the government demands compensation. here at this speech off the coast to lima. every high tide brings in more oil. that's from a spill over a week ago. that dumped 100000 leaders of oil into the sea. the situation is dire. salons are offering free cuts to collect hair from locals to accelerate cleanup efforts with its oil absorbing properties. every little bit counts. and for peruvians, it's personal. one woman even brought a braid of hair from her deceased sister who she said would have wanted to help.

but even as people here do whatever they can, they say the heavy lifting must come from reps all the oil company. they accuse of negligence. from this point i ratify my government's commitment to not only sanction this but to also hold reps all responsible. this business must make payments to the residence for damages and it must fix the damage done to nature and the c, alyssa, i'm out protests top rated and the peruvian government is investigating public prosecutors say spanish stone reps all. could facie 30000000 euro fine. the pump p, a refinery is responsible for over half of peruse oil production. but the government says it apparently didn't have a contingency plan in place for such a spill. around $1500.00 traditional fishermen work in the area earning between $12.28 euros per day with this hand to mouth existence just got more difficult.

narrow, nothing than that. nothing is selling the the people well, you saw to spill the fish more than anything. give off the smell of oil and people don't buy them unless they don't eat it because they're afraid of getting poison. that's why because of the oil spell, when they both arriving work was in full swing and they cut off our arm. so the tourism sector has suffered through 2 years of pandemic waves. now businesses are bracing as waves of oil wash up on the shores of at least $21.00 peruvian beaches. but if a, if faith on of alameda, this is not only affecting fishermen, every port, all peers, all the beaches move in lockstep with the fishermen. but if there is fishing, taxi drivers or in business restaurants where people come after swimming and so on . not just on the weekends, but also on weekdays, valencia. they came to my salary domingo valuable to the worth of imagining reps

all says it's working with clean up crews in the area. and in a statement on their website added, they want to remedy the impacts of the phil. but if the peruvian government has its way that remedy could include a very big check. now to some of the other global business stories making news, china's trade in good has jumped eightfold since the became a member of the world trade organization. 20 years ago. official figure sho, combined import and export top. more than 6 trillion dollars for the 1st time in 2021. us playmaker. boeing thing to last in the last quarter due to charges linked to production problems with its 787 dream lighter. this came after 2 quarters of profit fuel by rebounding delivery for the 737 mass electric car maker tesla has posted our record profit as $5500000000.00 for 2021. despite widespread setbacks and the supply chain of electric batteries and other parts,

analyst and investors are choosing to focus on the company's ability to keep up with production, promises at 2 of its new factories. now when the world's top sc years and snow borders converge on beijing next week for the winter olympics they'll be competing almost completely on man mates. no, it's not just paging wars. your resorts around the world are faking what the weather isn't making. hitting the slopes is a time honored tradition and a sport in many parts of the world like here in colorado. but as soon as last month of winter since 1980 and warmed about 3 degrees fahrenheit. where has that month of winter gone? a warming climate and route in the western united states has changed a snow patterns. experts say with current warming trends scheme may not be a viable industry in colorado beyond 2050. that would be

a huge blow to local economies. in the u. s. a 2018 survey estimated the winter sports industry is worth $20000000000.00. but in colorado alone, a 2015 look at the industry there showed that it contributed nearly $5000000000.00 worth of economic impact each year. snowmaking is now seen as a way to make up for the delayed natural snowfall. yes, making is really important to her early season because there's a ton of people that want to ski. and colorado usually starts getting really good natural snow like it's doing now. sometime in december and so we rely on so making that early part of november, i just kind of get things open, get a solid base, get people out and excited, and then i can bridge our way into the national snowfall. according to the colorado beast national ski areas association, 87 percent of their $337.00 alpine resorts have snow making capabilities.

but critics say snow making is really more of a bandaid than a long term solution. really is just a short stop gap. you know an adaptation strategy in the end. what needs to happen as we have to get the fossil fuels turned off and the quicker we get them turned off, the longer snow making may be a viable adaptation strategy. over the last century, snow pack has decreased by about 20 percent in the western united states. it may be all downhill from here for some of these icon in winter sports destinations. now before we go, beatles fans will have the chance to own a virtual copies of guitars, clothing and song lyrics that once belonged to john lennon. the items are going up for auction in the form of non refundable tokens or an f t 's winning bidders will walk away with the unit of block chain data that gives them access to digital asset linen son. julian views the latest script or crate as

a way to share the sentimental items without having to part with them. and that's all for me in the business team here in berlin for more from us, check out our website, d, w dot com slash business. thanks for watching and see you next time. it's important not to discourage honestly because i'm in my company. i am not doing anything wrong. and i'm just trying to protect my my 23 and she wants to defend her country against the likely russian invasion. that's why she's training along with other volunteers. can the ukrainian army count on them during a conflict to focus in europe? next, on d, w, into the conflict zone with sebastian,

the streets of hong kong, a quiet these days. the pro democracy movements have been tamed. this week we thought for a 2nd time to regina, long time lawmaker in hong kong, legislative council, and head of the prob, aging new people's party. what kind of future for hong kong, now, conflict with a 60 minute d, w. o. and william, how to think on gonzalez with ion was how, you know, if i had known that the boat would be that small, i never would have gone on the train. i would not have put myself and my parents in that danger. god, it's a theme of the akita slater, who love on central hospital,

on the liberty to give them i had serious problems on a personal level. and i was unable to live there with, i want to know their story in full migrant verified and reliable information from our grants. ah, hello and a warm welcome to focus on europe. thanks for joining us. europe is on high alert as the crisis between ukraine and russia escalates. moscow is showing its military might, by a massive troops near the border with its neighbour. the kremlin has sent around 100000 soldiers, their causing alarm for t of and its allies in europe.