i mean, if my husband have done it without him, it was watch the crown for 4 season hasn't both of them before. whatever you've used the crown season fight is a drama packed emotional rollercoaster that makes by nail biting binge watch. how did it come to this series update at this hour statement for the business headlines coming up next or check out our website at g w dot com. you can also find is the social media www. and clare richardson in berlin. thank you so much for joining us. again, they get all the harvesters are immigrants, dolock is that everything you enjoy eating at home with your family, was harvested by people who are being exploited. then i d 's for free, and we're going to need durham can, we can keep doing what we're doing,

and that's why your green revolution is absolutely necessary. euro revealed the future is being determined. now, our documentary theory will show you how people, companies, and countries are rethinking everything. i'm making make changes. you revealed this week on d, w. ah, wall street source on signs of cooling, inflation, new data shows, price pressure may be residing in the us will have all the details from wall street also on the show. a major crypto current exchange is on the brink of collapse. we'll get expert analysis on the fall of f t x would mean for the crypto market and

we'll take you to candy lovers and japan. poor morning, the latest casualty of high inflation is the dw business. i'm christy plats and in berlin. inflation in the united states cooled much more than expected in october. the consumer price index rose 7.7 percent relative to a year earlier. it's a much slower pace of increase than the 8 percent economist had expected. and if the lowest annual inflation reading since january, food and energy were among the biggest inflation contributors well from our in this, let's bring in teddy austro on wall street. so teddy, the fed has been all about interest rate hikes this year to get price grove under control. what did these latest numbers mean for them? also that this new data does seem to give the federal reserve some room to potentially start shifting it's policy. we now see that we're down from

a 40 year high of cor inflation up. inflation is also headline inflation has is down to as low as since january. now the fed has been responding with incredibly aggressive interest rate hikes, $75.00 basis point hi x 4 times in a row. that's huge, that's unprecedented. and now with this one month of pretty good data, i wouldn't say we're going to see a wholesale shift in policy, but it certainly gives a wedge. it gives an opening for if we do start to see more and more good news, we will hopefully see a shift in policy by the fed. all talking about good news, wall street seem to be happy about the news today. what are they so happy about? wall street is incredibly radiant. today, we are looking at one of the best post inflation de rallies in a long time. this is one of the best days we've seen in 2 years, stock across the stock market. all the indexes really are rising. we saw the nasdaq

rose 7 percent and this includes of course, tech stocks which have taken incredible amount of damage over the past year from inflation, from the threat of recession from the interest rate hikes. and now we see them caught up right in the center of the rally. now the market certainly do believe that the fed is going to start easy. it's interest rate high. it's perhaps not going to do another of the $75.00 basis point heights. and this is obviously good news for wall street, but again, this is one month of data, so we'll have to wait and see what the fed thinks if there's going to be more good news. and if there actually will be a shift in policy. teddy austria, thank you so much for that. one of the world's biggest crypto exchanges, f t, x is close to collapse. that's after rumors started spreading about the company and customers quickly started withdrawing cash. it's bad news for this guy, sam,

bank and fried the boss of x. yes, he was seen as a stable hand in the curb to industry, but has now posted a flurry of apologetic tweets as he tries to find a way to keep his company afloat. now f t x approached this guy, check things out for help. he's the ceo of buying and that's the world's biggest crypto exchange. after looking at the books, hubbard's out said, banana would not be buying this further undermine confidence in f t x in the process. i'm joined now by sam kessler, he's a journalist for the new site coined ask sam, thanks for joining us. what went wrong at f t x yeah, thanks so much for having me. so s v f as is known sam, bank and fried. he runs as you, as you noted, one of the largest crypto currency exchanges. they take crypto currency from users . they allow them to buy new crypto currencies, sell their crypto currency, blah, blah, blah. the thing that sam was doing behind the scenes that spelled his doom as well

as the failure led to the failures of other i'm proceeding exchanges, especially this past spring, is he was quote, unquote, re high path the catering user's funds behind the scenes. we don't know exactly what he was doing. we don't know exactly how this we had publication happened, but essentially it seemed and seems based on some reporting that on my news out, the coined us bid on last week on that sam was kicking out in the user fund that made it said that when users tried you withdraw their money from the exchange thinking that it was backed one to one. that money was not there anymore. and this was a pretty stunning fall for espia sam because he is generally viewed as kind of like a crypto golden boy. he was the 2nd largest donor to jo biden's presidential campaign. he was a huge donor on the weeks mid terms in the us. it's just a crazy fall from somebody was supposed to be regulatory friendly. yeah, it certainly sounds like it. i mean, is this the end for f t x? what's next?

i mean, the potter question is not only is this the breath dx, but it's also, is this the end for crypto? i'm, as we know it, i don't think criptos. i'm going to go anywhere anytime soon, but you know, all of crypto is dumping in terms of its prices on the news of the 2nd largest or 3rd largest, depending on the measure exchange in the entire industry. collapsing found to be by me. it seems as though we don't know exactly yet. it seems like they might have been acting fraudulently behind the scenes. and like i said, it's a pretty stunning, you know, turn of fortunes for, for us, be out, as well as a preview reversal of the public image that he held. so you're going to see a lot of people, you know, i'm more skeptical of the industry, understandably because one of the most trusted figures within it, even though it's supposed to be quote unquote, trust list. one of the most trusted figures within the space and no longer be trusted. ok, well then maybe just briefly, is this good or bad for by an anthem?

that's a really good question. so you mentioned how the, the, the, the founder of finance. as he goes by his initial, he was the one who kind of stage, some would call it a qu all it, you know, a rescue plan of f t x. eventually, after apparently seeing the book. so we don't know if he was going to go through the deal on the 1st place. he decided that he was not going to bail out his competitor. is this a good thing? well, you know, obviously his largest competitor is not going to exist, or at least it's going to be far our weaker after this one imagines. and that, you know, in one sense is of course good for any company. but, you know, i don't think that me or anybody is really cheering within the crypto industry after what happened this week, because like i said, the yep. to system that people within the industry even now have towards the entire

project. that is crypto is definitely going to take a bite out of the margin, the profits a binary, as well as every other he's in the space. sam counselor from coin to us. thank you so much. now to some of the other global business stories making is by amazon is putting it's elect a personal assistant division under review as it seeks to cut cross across unprofitable businesses. wall street journal reported amazon's device unit, which includes alexa has had operating losses of $5000000000.00 a year in recent years. the device business currently has more than 10000 employees . late microsoft co founder paul allen's art collection, was sold at a whopping $1500000000.00 at an auction in new york auction house, christine says it's the highest amount ever spent at a single auction. allen's collection includes 5 doesn't work from pulses on vincent band. gog and other and other revered artist our

w e says its profits jumped by over 70 percent in the 1st 9 months of the year. the german energy giant says the result was better than expected. and is due to a combination of high energy demand and extension, expansion of renewables and a strong international trading business. rising prices for energy and raw materials are taking a toll on people around the globe. and in japan, the latest casualty of, of high inflation has caused an outcry, especially for those with a sweet tooth. there is sweet as they are iconic, japan, succumb us, drops, come in many flavors. and in all colors of the rainbow, the sold and tin cans that have long been a staple in supermarkets and on collect of shelves. but they are about to become a lot more rare. as can they make a sac who must sika this going out of business? customers young and old. a shocked ethan took a muscular to pacific. i was sad that sack,

who must drops are going out of business. it sat for the children, when i was a child, i used to eat them with us from i used to eat them with my family, have it. they thinking that kids today can't make these memories anymore on. that makes me feel sad. that mother can go up and i didn't look at them with specifically, she can with your family. are they thinking listen, some waterloo i like to bumpy sick. who must drop said looks like a strawberry and the clear ones with a min details. those were really good by leaking. oh, really? oh, not any. even the most senior consumers have known the brand for their entire life cycle must psycho was founded in 19 o 8 and produced candy through the air rates of world war 2. but even though they may be sweet searching raw material, an energy prices paired with a drop in sales left a sour taste of the company. especially since many japanese firms remain hesitant to raise prices out of fear of losing customers. and finally,

formula one legend michael schumacher. historic race car the ferrari f 2003 fetched a record price that at an auction. it was sold for more than 13000000 euros, becoming the most expensive modern era race car. the iconic ferrari f 2003. just like a strive on. michael schumacher this ferrari formula. one car is a record breaker. schumer ha, notched up fi phrase victories in this car, and one this 6th of his 7 formula, one well titled behind the wheel in japan and 2003. it was sold for reco price of just over $13000000.00 euros, selling at a sotheby's auction in switzerland. so thank you very much. said what joy, this god was introduced at the spanish grunt, 3 in 2003 and discard 15 races with me highest tomorrow's. the driver laden which helped him when his 6th world championship title. soon it's one of the most successful stories into his story of the brand. so it's

a very important car in the history of the automobile. now assume as us as 2003 is the most expensive modern formula one car ever. the previous record was held by another extremely high race car, the ferrari f 2001 which was sold for over 7000000 euros in 2017 michael schumacher has been mostly out of the public ice and suffering serious injuries in his skiing accident in 2013, but his racing read cars are still around showcasing his glories. that's our show. thanks for watching. with is the end of the pandemic in site. we show what it could look like. return to normal. and we visit those who are finding it difficult.

exceeds his successes, amazon in a weekly coven, 19 special. next on d. w. the country that will host the world. i want once you visit, you never forget it. you're caught between transformation and exploitation. between education and tradition, between cosmopolitan flare and captivating wilderness. the portrait of a desert state full of contradictions. guitar starts november 11th on the delux. devastated houses after her recon with hers carried money. defects of climate

change, i mean felt worldwide. deforestation the rain forest. oh, carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact will because change doesn't happen on its own. make up your own mind. it. d. w. late for mines ah ah, the pandemic caused world wide damage economically socially and of course to people's health. but some communities have actually come out of it stronger. welcome to the covered 19.