saunas, who the hope will collaborate with them, and adopt one of the national dessert creations in football, germany a through the final of your a 2022. after meeting france to one and germany's women kept their composure after a fiercely contested game in milton keynes, captain alexandra pop score twice. she's not scored 6, a goals in the tournament. germany will face england in the final, at wembley, on sunday. or world incident at the top of the hour to know dumas had your business update in just about bobby ah

nico he's in germany to learn german polish pinnacle. why not learn with him online, on your mobile and free chest? fidel is e learning course, nikos vague. no . ah, the u. s. federal reserve raises rates yet again by 3 quarters of a percentage point this time. it's the 2nd significant rate hike in as many months as the fed steps up. it's battle against inflation. also on to show love

tons of workers go on strike throughout germany. the airline has counseled almost all flights in to and out of the country will pay go up, or will the planes stay down and more on labor? i mean, amazon workers in the us are pushing for unionization, but it's a difficult journey, or us correspondent has this story. this is the w business. i'm janelle dumas on while gun. the u. s. federal reserve has raised its benchmark interest rate by 3 quarters of a percentage point. it's the 4th rate hike the sir as the fed fights to rain and reject inflation in the country. here's what fed chief to rome. powell had to say. we do see that there are 2 sided risks. there would be the risk of doing too much and, and you know, imposing more of a downturn on the economy than, than was necessary. but the risk, the risk of doing too little and leaving the economy with this entrenched inflation,

it only raises the cost. if you fail to deal with it. in the near term, it only raises the cost of dealing with it. later. i'm joined now by gerald coin. he's the chief economist that the keenan institute of private enterprise. welcome gerald. so we just heard j powell. they're asking about the risk of doing too much versus too little. do you think today's fed decision fell along either of those categories or is it just right? i think it's just rate for the conditions, economic conditions that we have. and in particular the inflation and inflation and the very odd job market that. ready we have to say it is facing this dilemma that they realize that they, they, we have very high inflation. people are really worried about it. it's affecting consumer behavior the, their greatest concern. and this is the lesson learned from the 197900 eighty's is that it becomes intrigued us. it is that it becomes intrenched and so people start to, to behave at inflation at, you know,

very high rate is going to continue. and then the cost of, of camping that down as the us learned in the, in the, in 1900, early 1980 s. it's very painful. so i think he's saying we're willing, hoping not to, but willing to, to have some pain today, or in the near future to a who a more pain tomorrow. so the point is to make sure that consumers avoid baking it inflation into their decision making. but this policy of raising rates alongside a slow down is not without its detractors, is the fed really correct to risk recession in order to tap down on inflation? so i think this is the challenge again. i think the fed is hoping to avoid a recession, but it really feels like that's what needs to be done. you know, i think i think they're willing to do that. the challenge is that, that the policy making is extremely hard. you know, you're having an impact on economic conditions, 6 months from now

a year from now. and, and so you know, in your and the day that you have is, is stale. and so you're kind of looking in the rear view mirror and, and so it's very hard. i mean that's why these policy mistakes occur. and generally at some point the fan over does it and you know, that's definitely the risk. but i think at this point, they're saying the risk of doing that is, is, is where the consequences of doing that are worse than the consequences of, of that are better than the consequences of not doing that. but it's, it's, it's a challenge. i mean, if, if we could, if i chris a waller the feds because of all really clear, then it would be a much easier call and, and i should say to be very clear, even though it's very likely that the u. s. experienced the 2nd quarter of negative g d p growth on with that they will be released tomorrow morning 830 us eastern time. that is not a recession because the job market and,

and other economic indicators are really strong and, and many of the drivers of economic activity consumer spending will still remain positive. it's just, you're having some inventory adjustment trade adjustments that are causing this, that to negative quarters, gerald cohen. he's a chief economist at the keenan institute of private enterprise. thanks very much. thank you. lead strictly get some market reaction to that fair decision. our correspondence had teddy austro is standing by, so teddy probably had a tight road to walk. he needed to show he was serious about fighting inflation without moving the markets. did he manage while the stocks are certainly rallied today? the indexes are up after the fed meeting. this is perhaps indicating that the markets do indeed trust the federal reserve and fed chair jerome powell and tammy inflation, which is raging across the united states right now. but let's remember that the

stocks have rallied after several of these fed meetings, and that doesn't necessarily indicate that these gains will actually hold the question now is tomorrow, what we'll see, what the g d p figure figures. markets are still haven't forgotten about that. are we're recession. we'll see where the wind blows, powell of coursing, we are not in the recession, but as we say, there's not, that's not the only thing going on in markets right now. the big foreign tech are releasing their earnings this week. what do we heard so far? well, the talk of the town today is the meta figures. we are actually seeing that better has done its 1st revenue decline in its public history as a company. so this is coming after microsoft an alphabet doing better than had been anticipated. sending stocks rallying, but we'll just have to see what amazon, what, what apple, what into qualcomm have in store for the rest of the week. thank you. teddy auster

there for us. staying in the us, as the pandemic reshape the world of work, there has been a resurgence of the labor movement with unions becoming more popular in april, the 1st successful amazon union in new york made headlines across the world. many of the retailing giants, workers in the us want the same, including one organization in north carolina. the adobe went there to find out more . or brian brown is on a mission. he's on his way to his workplace, and amazon warehouse in gonna north carolina. his to president of course, carolina, arizona, in st. united for solidarity and empowerment. a group trying to build a union at this facility. it's one of the only handful across the us with ryan and his fellow organizers say they're fighting for better working conditions. because amazon has unrealistic expectations and they want better pay,

living wages. our number one priority is good, we work a hard, green hours. we worked on an honest job and we generated so much, well for jeff bezos. when wealth didn't, none of that will trickle down to was amazon towed as their workers do, receive competitive salaries and pay. and this is what they told us about unions. our employees have the choice of whether or not to join a union. they always have, as a company, we don't think unions are the best answer for our employees. our focus remains on working directly with our team to continue making amazon a great place to work. back of the warehouse in north carolina. these 4 kids say they are determined to organize and confident it will happen. i believe in hagney, we are going to be the leads me to happen and that we will be ignored that,

you know, we're here. you see that you see us here today. ah, to be quite honest, they don't know what to do. if they do legal face an uphill battle, convincing amazon to join them at the negotiating table for collective bargaining. german airline, lufthansa has cancelled more than a 1000 flights due to a strike by ground stuff. unions want a nearly 10 percent pay rise for $20000.00 workers. perplexed looks at flight display boards. long lines in front of counters were stranded. passengers hope to catch an alternative flight. the latest strike lead by the very union has paralyzed germany's largest airport in frankfort. we had to cancel basically all of the flights for today from frankfurt, and from munich. that means that way, over a 100000 people are affected by the strike. many of them are passing through to get

to their next destination. and many of them feel left behind. i got a cancellation message for the say morning we're traveling and, but nothing more. i've tried to reach them by, by shots and by, by phone. but they're nothing not coming through these people who are on strike. i think they have reasons. i did not follow on this, but somehow maybe that can be better organize or parents. they're traveling to nigeria, so it's like when, if we don't get a flight back in like a few days, then we'll be able to see them like almost 3 months. the number of travelers spiked during the summer, but the number of staff had been thinned out during the pandemic. many of the remaining employees complain about being overworked, they're also demanding significantly higher wages in response to high inflation. the omnia hotel, i know many employees are taking part to day. and from our viewpoint,

that shows that staff here are completely overworked luptime to let go too many people during the pandemic. and now it's having a hard time replacing them yet they need a clear signal at their pay will go up and but more jobs will be created, noise hasn't microphone and yet the union is already threatening additional strikes . things are not looking good for those who want to take a relaxed vacation after staying put during the pandemic or a correspondent christy plaid and told us what she'd seen at frank for its international airport. the line of left tons of passengers behind me waiting to be re booked on to new flights has gotten shorter throughout the day, but it's still just a fraction of over 90000 passengers that were affected by flight. cancellations. here in frankfort to day, lufthansa told d w that their main priority is this court sorting out this chaos as soon as possible and getting their customers on to their destination. but they are already looking ahead to next week when they plan to go back to the negotiation table to

talk to their employees union representatives. the union said they are willing to strike again if we're transit does not come back with a more generous offer for their employees and they're not alone in their protests. scandinavian airlines, employee, as well as airline employees and france have also strike the summer. and now spanish employees of ryanair said they too will start striking in august. the airline industry has struggled to keep up with massive travel demand the summer. and it's employees that are feeling the brunt of that work. and also feeling the bite of rising consumer prices. d, w. christie floods and there, and you're up to date with d. w. business. thank you for watching. with protecting the line from corruption in the nepalese village of khaki. they are supposed to be subsidies. perfect and change with where is the money going and how

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