it is always written right with the idea of gathering everyone a fair hearing and i love the guy and i like the way it is. my husband have done it without him. it was watched the crown for ccs as both of them before. whatever you'll hear, the crown sees and fight is a drama perhaps emotional roller coaster that makes by nail biting binge watch. how did it come to this? so we know how he ends that fits your up to date and we'll world news at the top of the our christy plots and pass your business update next. have a good day. ah, we got some hot tips for your bucket list. ah, magic corner check. hot spot for food and some great cultural memorials to boot

d w. travel off we go. oh, rare natural spectacle in an improved world a. the most boobies have returned to the coast of the island of saint lou. with many success stories for the question of biodiversity say no starts november 18th, d w o . 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,

what the fall of f t x would mean for the crypto market. and we'll take you to candy lovers in japan. poor morning, the latest casualty of high inflation. this is the w business. i'm christy plots, 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 sense, january, food and energy were among the biggest inflation contributors. well for more in this, let's bring in heavy auster on wall street. so petty, the fed has been all about interest rate hikes this year to get price growth under control. what these latest numbers mean for them. also that this new data does seem to give the federal reserve some room to potentially start shifting

its policy. we now see that we're down from a 40 year high of cor inflation. inflation is also headline inflation has is down to its lowest in january. now the fed has been responding with incredibly aggressive interest rate hikes, 75 basis point high. it's 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 that while 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 saves we've seen in 2 years. are crossed the

stock market. all the indexes really are rising. we saw the nasdaq rose 7 per cent, and this includes of course, tax stocks which have taken incredible amount of damage over the past year from inflation, from the threat of a 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 is interest rate hikes, perhaps not going to do another of those $75.00 basis point hikes. 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 is going to be more good news. and if there actually will be a shift in policy, teddy auster, 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 with drawing 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 crypto 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 sky, chang shao for help. he's the ceo of by nance. that's the world's biggest crypto exchange. after looking at the books, however, jour said finance 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 i'm as vs as he's 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 users 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 taking, asking the user funds that made it such that when users tried to withdraw their money from the exchange, thinking that it was backed one to one. that money was not there any more and this was a pretty stunning fall for s b f. i'm 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 that half 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, it's a pretty and stunning, you know, turn of fortunes for, for us, be out as well as a crazy 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 this 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 founder of finance. as he goes by his initial, he was the one who kind of stays, some would call it a qu all it, you know, iraq, you plan of that 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 cd or anybody is really cheering within the crypto industry after what happened this week. because like i said, the yep. the 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 coined us, thank you so much. now to some of the other global business stories making is by amazon is putting its 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 dozen works from pulse his om, vincent, mangold, and other and other revered artifice. 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 expansion, expansion of renewables, and a strong international trading business. rising prices for energy in 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 sack, who must 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 a shelves. but they are about to become a lot more rare. as can make a seco masika is going out of business. customers young and old, a shocked, ethical, muscular. i was sad at sack,

who must drops are going out of business. it's sad for the children. when i was a child, i used to eat them with us and i used to eat them with my family. have it, they thinking that kids today can't make these memories anymore, and if that makes me feel sad, don't mother can go up and i didn't look at them with some she can was often the, i think you must, some waterloo, i like the bumpy sick. who must drop said, looks like a strawberry and the clear ones with a mindy. tis those were really good. i mika. oh, certainly. oh, let me even the most senior consumers have known the brand for their entire life cycle. must psych i 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 in 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 it's dr. michael schumacher this ferrari formula. one car is a record breaker. schumer ha, notched up 5 phrase victories in his car, and one this 6 of his 7 formula, one well titled behind the wheel in japan and 2003. it was sold for record 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. cindy, it's one of the most successful ferrari's 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 caught 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 shoe maha has been mostly out of the public ice and suffering serious injuries in his skiing accident in 2013. but his racing ret costs are still around showcasing his glories. that's our show. thanks for watching with a busy week and a bonus, lee, i'm for frankfort continues to impress, trouncing hoffen time and underlining its ambitions. while hu noon berlin is unlucky,

wandering victory against office work and allowing buyer to pull away kick details to the point. strong opinions, clear positions, international perspectives. ukraine depends on us weapons as a wages counter offensive, now prompting russia to withdraw from the key city of his son. will american support to continue if republicans wheeled more power in congress. find out on to the, to the point. to the point in 60 minutes on d w. o o and using con, be destroyed what you can try, but it's impossible movies. ah,

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