but to mom song that fans now have victory in that fight for the truth about what happened outside. you're watching the w news lloyd from berlin, christie planted his up nature dw, business news. i will see you tomorrow with sh her again that i think that tags and in the end they send me. you are not allowed to see you anymore. we will send you back her. are you familiar with this? with the smugglers reliance as of the. what's your story. ready ready he wasn't, i was women, especially victims of violence in labs and take part and send us your story. we are

trying always to understand this new culture. so you are not a visitor, not the guests. you want to become a citizen. in phil migrants, your platform for reliable information oh, another nasty surprise you as a consumer prices search in june, overshooting estimates. once again, for the fad, it means weighing a stronger right hike against the risk of a recession. also on the show, chinese export to beat expectations again, giving markets a much needed job of good news and some not so hot news for with sabi, lovers, climate disasters are making the beloved condiment harder to come. bye. i'm christy

flatness time again for d w. business, we can't stop talking about it. dominating the head once again is ever rising inflation. us on wednesday released a report showing a new 40 year high and consumer prices for june. now it's the biggest hike since $981.00 compared to last year. consumer prices are now 9 point one percent more expensive. some of the key drivers here are gasoline, which is coming in at almost 60 percent. other was include airline fairs, the price of new vehicles, and the cost of food. rent in the u. s. is also going up. now in new york, these high prices are colliding with the city, so called post coven, summer. more people are moving to the city than before the pandemic. that means rent prices are soaring. the combination of rising housing costs and growing consumer prices are pushing low income new yorkers to the brink. oh,

the will to protect his families. whom fabian bravo boys? he's fighting back against the rent increase my bill. i moved to the looking community. they would send us tenets, allen, to the street where no fair life is possible. i mean, you know, it's live for tens of thousands. life on the street is already a reality. homelessness in new york is the highest. it has been in almost a 100 years. the main cause to little affordable housing. more people are returning to the city than before the pandemic. and they are looking for more space that's driving up prices. average rent prices up by a 3rd compared to 2021, and so or evictions on low income families like that. a fabian bravo are now in a bind nor our brother works as a housekeeper, 7 days a week. yeah. he's already struggling as inflation is biting into the family budget

. they kick him before he goes out. when i and i the power. now he's gone to night things on the phone. so we have to change a little bit before we like to more chicken. we lay only one. so we asked this boy, so now we why more base double cucumber. um still larry, we looking for the the family of 5 is crowned in 2 or 3 bedroom apartment that they're building is designed to be affordable. the city regulates their rent increases the increase this year. it will come to about $70.00 a month. and even bravo had to work is boxed and was unemployed. that means a 17 year old daughter, samantha will help with the extra cost instead of paying for let's see that when i, when i'm on that us day, some was that was done. let them know goodness annuals, fear to me, teenagers dreams. if i don't speak out, if i don't raise my voice in this, who will give her either one that is i was i had to do it for my kids in for my

family. i mean me funny of them as equals the city appointed board decided to raise the rent of 1000000 apartments in new york this summer by making his case to them. fabian wants to keep it almost fordable in the future. he tells the board about the anxiety inflation is already causing his family and he ends on a plea. no more rent increases. well, i want to bring in our man on the ground young's corta at the new york stock exchange. hi there. yes. so tell us, how are people dealing with these high costs? where are you feeling a pinch? well, i mean, chris, the definite, the people in the lower income bracket is starting to struggle quite a bit. and if you look at the costs for pretty much all the essential that going up, and if you look at housing, if you look at food, if you look at transportation and that trend might actually stay for

a little while to your hear stories from people buying a smaller sizes buying less to basically living from one to a and to another. so those high prices definitely have it all. ok, well this is obviously a huge pain point for americans. would you say, is it a stronger interest rate hike from the fed as a response, a foregone conclusion? at this point? christie, i would say it set in stone. the only question is, what precisely happens in 2 weeks? we will have the next meeting. will it be an extra interest rate increased by 50, by $75.00, or maybe even by $100.00 basis points? so the bet that we might, the full percentage point increase have definitely increased here with this inflation figure that we've seen that when say on thursday, by the way we will get the next inflation report with the produced price of those might be up by almost 11 percent there is

a dual mandate from the federal reserve. one is full employment. at this point we can make a check mark behind that was an unemployment rate of roughly 3.6 percent. when we talk about the thicket, mandate, price stability, we are far away from that. and that way, that's why we see the aggressive policy moved by the federal reserve. right? yeah. well, we know the whole debate for the fed about this rate hike is whether they can pull it off without triggering or recession in the us. we also know that jobs are strong, the dollar is strong. there. can you give me a sense of what state is the economy actually in there right now? yeah, definitely. i mean if you listen to jerome paulo, the fed chairman, i mean, he was recently saying that the labor market is even too strong. that might be true at this point, but on the other side, we already see the economy is starting to weaken a bit uncertain area if you look at retail tail, for example, both dropped recently. and then also i hear all those stories that american safe,

so much money paid down so much debt in the past 2 pandemic years. but i'm not sure if that is really true for most of the country. if you look at a credit card that, that's basically at a record high, if you look at carlo, and those are auto mall at the, on a record high. so people are starting to get more trouble to pay for the debt and with interest rate them on the move up this that become even more expensive. so, short answer, the economy so far, it's okay, but there are signs that recession actually could be looming around the corner for the biggest caught me on the planet. thanks for that. yeah, we'll see you tomorrow now to some of the other global business stories making those russian energy giant gas from says it can't guarantee the proper functioning of north stream one pipeline. that's a key source of gas to germany. the pipeline was shut down this week for annual maintenance, but the delivery of

a key component has been stall due to western sanctions against russia. the german economy ministry declined to comment on the gas problem statement. twitter has officially filed a lawsuit against tesla ceo ellen musk, if successful it would force the billionaire to purchase the social media company for $44000000000.00. mosque announced last week that he was backing out of his april agreement to buy twitter. speaking of twitter, us stocks took a hit wednesday after phony inflation data circulated on the platform. the u. s. bureau of labor statistics had to discredit the fake report which came a day before the real one was scheduled to be released. it claimed annual inflation hit 10.2 percent. the real figure released wednesday was a still i watering 9 point one percent lock bound in shanghai and other areas of china have battered the world's 2nd largest economy. yet export growth in the country has beaten expectations. once again, in the 1st half of this year, exports increased more than 13 percent compared to the same period in 2021 imports

rose nearly 5 percent looking at the past few months, china managed to escape major fall out from those strict locked downs in shanghai and other cities earlier this year, x i exports did fail to keep pace initially creating disruptions and global supply chains. but since then, exports have picked up at a steady pace. beating analyst expectations are correspondent in taipei has more. since may, with the overall improvement in containing the colon of iris, the fact of various policies to stabilize growth gradually emerged. and the orderly progress of foreign trade enterprises resumption of work and production, especially the rapid recovery of imports and exports. the overall growth rate of foreign trade pickup is significantly, but now there is the latest wave of all. we can be a 5 in saw high several town councils of vice people to prepare food for 14 days.

people worry about another lockdown and not just some high across the country. the number of cases are at the highest in most, multiple cities imposing some restrictions as these will all probably lead to future supply chain disruptions. businesses around the world have been dealing with supply shortages for more than a year. now, as a result of the pandemic in japan, there's a shortage of with sabi, but in this case, the blame falls elsewhere. a diner, great fresh with saw be over his noodles in the near future, adding the green condiment might be a rare privilege reserved for special dishes. joshua in the past, we served all the cold. so been oodles with a piece of ra, a sabi. but now we can no longer do that due to insufficient supplies of with sabi, we've had to change our menu and go so that i like without, with hulu. you out with a 2020 report from japan's ministry of agriculture shows that the production of with sabi has declined by more than half since 2005. 0 nice. she attributes

a scarcity to climate change, was saw be farmers whose crops were washed away by a typhoon in 2019. agree, greg, so i got her corner to go nice. the neighbors was saw be fields and turned into rivers and money and large stones, rolled down from the mountain after the typhoon, c, mazama. i felt the power of the flood says it happened in october and since it was about time to harvest was sabi, who was a large amount of a sabi, was washed away or buried in the sand. but for now, customers that onesies establishment can still saver the condiment. let's take a look at the top business story we're falling for you. this. our inflation in the us reached a new 40 year high in june. consumer prices are now 9 point one percent more

expensive than they were the same time a year ago. that's according to a port report released wednesday. well, that was our show if you'd like more. please check out d w dot com backslash business. you can also find us on the dw news, you youtube channel. we're also on facebook for me and the whole business team here in berlin. thank you so much for watching. we will see you tomorrow. ah ah, full throttle through the desert. for l. sasha, a dream comes to the 1st women rally in saudi arabia, a special day for the conservative kingdom and to success for which the women have worked hard. global 3000 on

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