Around 200 people. Hassan from the agency around the world. More than 300000000 people are seeking refuge. Ask the wine because no one should have to flee. Make up your own mind. D. W. Made for mines. Ah, us inflation figures, disappoint Consumer Price growth barely slows all, but guaranteeing another hike to barring costs. What does this mean for developing markets . Also on the show will take a peek into the future and ride the rails with a clean running train powered by hydrogen. And berlin promises to throw cash at small and midsize businesses as the threats of insolvency grows. Welcome back to the w business. Im Christy Plaza in berlin, while experts had been optimistic, but Consumer Price growth in the u. S. Slowed only slightly. In august, inflation clocked in at 8. 3 percent year on year down from 8. 5 percent. The month before our gas prices declined the cost of rent and food rows increasing the monthly Consumer Price index by 0 point one percent. Stock prices tumbled on the news. Investors are worried about more aggressive policies from the Federal Reserve. President joe biden said more time is needed for inflation to slow down. Well, hes certainly thinking about the upcoming mid term elections for more and these figures. Lets bring a young court up in new york stock exchange. Hi there again. So as we just said, economists were disappointed today. What do these results teach us about the cause of inflation in the us right now . Chris . It definitely a nasty surprise not just for economists, but for Stock Traders as well that i dont industrial ever, its dropped by more than 1200. 00 point for almost 4 percent to the downside to what weve basically learned that inflation is not caused by high Energy Prices. So you mentioned to the gasoline price that they actually dropped on average since to june, by about 26 percent. But you had other parts of the economy where prices kept rising, especially for food. For housing for health care. Also is electricity build. So went up quite a bit, so definitely a bad, bad surprise when it comes to those in place. A number. Ok, williams talk to me a little bit about what the u. S. Federal reserve is thinking right now. Were expecting another rate hike decision from them like next week. What, what are you thinking . Yeah, christy next week wednesday, thats where we will have the next official fed meeting and there is no guessing we will see at least an Interest Rate increased by 75 basis points. Some analysts even believed we could see a full percentage point and then also another increase by 75. 00 basis points at the november meeting could be in the card said. So its obvious that the Federal Reserve is going to act aggressively. And that on the other side to co Term Economic growth, youre in the United States in the months. Okay. Okay, well, talking about hurting the United States. I mean, i know that the International Monetary fund as early as january was warning, emergency emerging economies that they needed to prepare for aggressive height rakes in the u. S. This was before Energy Markets went wild out what to these high rate hikes mean for those markets . Yeah, and the Federal Reserve is very aggressive. I mean, if we see the 75 or of basis point increase next week, that will be the 3rd such increase in the past us. We effect a meeting. So its, its very aggressive. And what that does, on the other side is a higher Interest Rates in the United States list, the dollar higher if you have, for example, emerging markets that are holding debt in u. S. Dollar. This debt becomes even much worse for those 2 countries. Therefore, its crucial whats happening here with Interest Rates, which the dollar also for the rest of the world, and especially also for emerging markets against corta, giving us the us and global breakdown. Thank you so much. While staying in north america, top u. S. And mexican trade officials met this week in mexico city for the annual high level economic dialogue. The 2 delegations reviewed progress from the previous year, looking in particular at immigration energy and trade issues. Also on the table, the question of how mexico and ignore their neighbor could Work Together on micro chip production. Trade officials arriving for talks on a chilly d, the high level economic dialogue between mexico and the United States. This mechanism promote strategic economic and tried priorities for both countries. It seeks to promote development and economic growth, job creation, improved competitiveness, and to reduce inequality gaps between the 2. Its a tough task. One Sticking Point is the mexican governments nationalist energy policy. Mexicos position, worries, washington. I think its evident from the conversations that we had today as well. So the work that weve been doing over many months that we see the United States and mexico see a shared opportunity to build a an Energy Future that advances our climate goals. That advances are Sustainable Growth and it creates new opportunities. They also agreed to tackle Climate Change by accelerating the transition to clean energy, particularly through the adoption of 0 emission vehicles. Its going to pick up at a me, for mexico. This means jobs integration and future them. We think mexico could perhaps double its current growth with what was promised us to die. This means we can diminish poverty faster that the countries infrastructure can grow a lot faster, delivered to brokers workers from a repeal. They also agreed to work on a Pilot Program to determine the feasibility of Production Centers for Semi Conductor parts in china and taiwan. Theres about 60, that testing packaging and Assembly Industry for semiconductors is a 60000000000. 00 industry in north america. Its 3000000000. 00. So there is a huge opportunity for growth in north america and job creation just in the semiconductor supply chain. You trade the u. S. Trade secretary also promised opportunities for companies and workers in mexico with the sar cold chip act which subsidizes this industry in the u. S, with 52000000000. 00, and also with the us inflation reduction act, which offers incentives to buy electric cars. Now to some of the other Global Business stories making this Global Banking behemoth Goldman Sachs will cut hundreds of jobs as early as this month. The company had paused lay offs for the last 2 years because of the pandemic. Goldman sachs employed 47000. 00 people at the end of the 2nd quarter this year. A majority of twitter shareholders have voted in favor of the companies 44000000000. 00 sale to you on musk accepting an offer thats a 3rd higher than the current stock value mosque, however, maintains he wont go ahead with the acquisition arguing he was misled over the spam accounts, the German Government is vowing rapid cash assistance for small and mid sized Companies FacingMassive Energy bills this winter. On tuesday, the German Economy minister met with industry Industry Groups from across the country. Theyve been pressuring berlin for help as Energy Prices sore to record heights, to, to hyped to high, to pass along to consumers. Some firms are already lowering Production Industry leaders are meanwhile warning of growing insolvency as well. Earlier we spoke to economists, katrina whitmore, she told us that this winter will be tougher businesses and households alike. Well, lets just say the burden on governments is probably even greater than doing it. And i think on the one end, they have to really insure for instance, that and supply of energy and can be increased about finding new atlanta to supply is and in order to cover the russian gas supply, get em at the same time. They also need to implement betters to shield the private sector from the sky high Energy Prices and here. And its not just about a corporate this time, i think the focus will be on some much more on households. So in addition to, lets say, the traditional cobit instrument that we have seen like state guaranteed loans and a fellow for instance. And i think more focus will also be have to be put on households that really will and face a tough time to pay the energy pills and, and we need to see more action to not just avoid corporate insolvency this time, but also household influences rising Energy Prices have given fresh momentum to the build out of renewables. Hydrogen in particular is seen as a promising alternative to fuels, provided that a network of producers, distributors, and, and users develop into maturity that could take a while. But much of the work is already underway to day, including among some real companies. Take a look. The r a b 31. 00 regional train arrives and claim a further, a small town in northern germany. The train runs on hydrogen, a fuel cell on the rooftop and an electric engine make the wheels turn. They environmentally friendly train replaces diesel commodus. Passengers on board. Dont see any disadvantages. This train is driving very smoothly through the landscape diesel train. On the other hand, what make noise and what stinking, a train like this would not 800 liters of diesel a day hydro janice, better one downer, the hydrogen used comes from a nearby Chemical Plant and is still produced with fossil energy. So it is not c, o 2 neutral or per europe is certainly the driving force because this is where the technology is most widespread. And the Legal Framework is the best way. I was backed inquiries from all over the world. Oliver i was toms competitor. Siemens is sending the meal your plus age into the race and is cooperating with thought turban. However, the seamans train is still making its rounds on a test track. And its 1st public test run was a success. But the 1st siemens trains wont be used on regional lines for at least 2 years. Theres still a long way to go before railroads are diesel free. Can pipe, however, declared war on the 3000. 00 Diesel Locomotives, which we would like to sideline in the interest of the climate by 2040 at the latest. Which is when we as deutsche a bon also want to be completely climate neutral monitor whether hydrogen trains will replace Diesel Locomotives depends on if theres enough inexpensive, Green Hydrogen available plus hydrogen trains will have to continue proving themselves out on the tracks. And heres a reminder of the top business style were following for you this hour in august, us inflation clocked in at 8. 3 percent year on year down from 8. 5 percent. The month before our gas prices decline, the cost of rent and food rows increasing the monthly Consumer Price index by 0 point one percent. The u. S. Federal reserve is likely to announce another aggressive Interest Rate hike in response. Well, that was our show for more. You can check us out at d, w dot com backslash business, and the d. W. News, Youtube Channel ross on facebook for me in the whole team here in berlin. Thanks for watching. Ah, and in good shape. Were being constantly exposed to substances that are toxic to our bodies. How do we protect ourselves and our bodies from toxins . The one found in nature and created in manufacturing. Good shape. Next on d, w. Ah. With the green, who you feel worried about the planet . We to im neil, host of the on the grievance, both cost and to me its clear remains to change the solutions or output. Join me for a deep dive into the green trends formation. For me to do with ah, will you become a ah franklin oh, ready knows. Come to take talk with hackers, paralyzing between your societies. Computers that are some are you and governments that go crazy for your data. We explain how these technologies work, how they can go in for, and thats how they can also go terribly. Watch it now on youtube. In one drink and its customs for the husband. And who done it. Its a well worn way of bumping people off mad to buy poisoning as a particularly treacherous of class. But in all daily lives with surrounded by poisonous substances. They lack in nature