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let s get down to business now. in just a few hours, the federal reserve america s central bank will make a decision on interest rates. it s pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 60%. and this is not a uniquely american problem. great prices are soaring around the world. the federal reserve, like other central banks is raising rates to curb inflation. here on wall street most people believe the policymakers will raise by .75%. but there are those believe the fed may adopt a more aggressive policy and raise the rates by a full percentage point. such is the urgency of combating r ....
we begin in china where we ve just had a slew of data that shows how deep the impact of both the pandemic and its demographics is having on society and the economy. data from the national bureau of statistics shows china s economy grew by 2.9% year on year for the last three months of 2022. that beat expectations reuters expected the economy to grow byjust1.8%. for the full year growth came in at 3% far below china s official target of 5.5%. excluding the year covid hit in 2020, this is china s worst showing in nearly 50 years. also today, the news that china s population has shrunk for the first time in more than 60 years a change that is expected to have deep economic, social and political implications for china. for more on that let s go to katie silver in our asia business hub. tell us more. that s right. the bi . tell us more. that s right. the big figure tell us more. that s right. the big figure that tell us more. that s right. the big figure that we ve ....
Better watch out, mark cuban. And that made in america spirit. This will be fun. She says that now. Whats ticking in their heads as they make those deals. Youve been willing to strip down in front of millions. The idea sucks. Dont worry. Its only the most important moment of your life. Their greatest hits, their biggest regrets. Now its time to talk about the companies that you missed. How you watching at home can get them to bite on your idea. Come to mama are you missing out on good deals, because of greed . What about those fights, real or not . Lori, that is such crap. No, it is not crap. Youre not the guy to walk away and walk off. So stick around, because tonight were all swimming with sharks. Swimming with the sharks. It is great to have you all with us tonight. And more importantly, its great to have the sharks with us. Its so rare to get you all in one room unless youre duking it out. Thats right. And actually, lori greiner is not with us tonight. Shes actually out, guys, work ....
Better watch out, mark cuban. And that made in america spirit. This will be fun. She says that now. Whats ticking in their heads as they make those deals. Youve been willing to strip down in front of millions. The idea sucks. Dont worry. Its only the most important moment of your life. Their greatest hits, their biggest regrets. Now its time to talk about the companies that you missed. How you watching at home can get them to bite on your idea. Come to mama are you missing out on good deals, because of greed . What about those fights, real or not . Lori, that is such crap. No, it is not crap. Youre not the guy to walk away and walk off. So stick around, because tonight were all swimming with sharks. Swimming with the sharks. It is great to have you all with us tonight. And more importantly, its great to have the sharks with us. Its so rare to get you all in one room unless youre duking it out. Thats right. And actually, lori greiner is not with us tonight. Shes actually out, guys, work ....
Better watch out, mark cuban. And that made in america spirit. This will be fun. She says that now. Whats ticking in their heads as they make those deals. Youve been willing to strip down in front of millions. The idea sucks. Dont worry. Its only the most important moment of your life. Their greatest hits, their biggest regrets. Now its time to talk about the companies that you missed. How you watching at home can get them to bite on your idea. Come to mama are you missing out on good deals, because of greed . What about those fights, real or not . Lori, that is such crap. No, it is not crap. Youre not the guy to walk away and walk off. So stick around, because tonight were all swimming with sharks. Swimming with the sharks. It is great to have you all with us tonight. And more importantly, its great to have the sharks with us. Its so rare to get you all in one room unless youre duking it out. Thats right. And actually, lori greiner is not with us tonight. Shes actually out, guys, work ....