citigroup has reported one of the biggest losses in its history the investment bank was forced to take us three billion euro. autonomous vehicle manufacturers present their latest creation at the detroit motor show. and hard tennis shoe collectors in berlin cannot wait to get their hands on added as late as top. it's time for business for sure here in berlin wall come to the program citi group has reported one of the biggest losses in its history the investment by was forced to take a three billion euro hit in part due to donald trump's new tax bill and it slashed the corporate tax rate causing a massive write off on tax credits left over from the financial crisis say more morgan chase a loss of two billion dollars was announced and time to cross over to

correspondent on wall street was much more on the big loss for citi group yes what is a strategy to cope with that loss. well it is a general a mess of charge and as far as i know it is the biggest quarterly loss in city's history but banks like city but also like dodge bank j.p. morgan or goldman sachs heads to pay the charges sooner or later so now they're paying it rather sooner but in the long run all the big banks are quite. that they will profit from the tax reform of the u.s. government of paying only twenty instead of thirty five percent in texas so they're pretty certain that in the long run it will pay off and therefore wall street was a rather calm and the stock of citi even saw a slight uptick thanks to will be back to short you talk about bitcoin because bitcoin the cryptocurrency that steve i did the financial world has once again

taken the faithful on a wild ride into state lost as much as twenty percent of its value dipping below the twelve thousand dollar mark a rumors that the south korean and chinese governments could ban trading in crypto currency sense many of the points lower and use also said to be preparing your rules that would no longer allow cryptocurrency owners to remain anonymous when they converge crypto coins to federal currency. as we hear and of course losses also for bits quiet so it is that i think over this coin over what does this mean yes. what we saw here was almost like a free fall for the bitcoin crypto currency after officially trading ended here on wall street the downfall continued and bitcoins dropped by around three thousand dollars or a good twenty five percent well there is some talk that south korea's government

actually thinks about banning the crypto currency and that would be a huge blow because it's not wall street investors driving or being the main drivers for the cryptocurrency this is mostly an asian investors so if we see some sort of banning in asia that could really mean trouble for the cryptocurrency and therefore we saw this mess of a loss in the cryptocurrency here and that used a session. of bitcoin yes thank you so much for your reporting now how about driving without a driver talking about the latest play sions by manufacturers at the detroit mortar shell analysts say the future is here regulators say. they were careful and responsible review what's on offer in stick knowledge of getting a had of itself you know

a small fee it may not look like it but this could be the vision of the car industry's future it's a so-called line our system and creates a real time thirty minutes of anything it's aimed at it allows cars fitted with the system to cut out the middleman and take care of the driving themselves. with car manufacturers the world over betting big in the technology industry analysts say lawmakers need to remove regulatory roadblocks. and i thought it was vehicles are still under development but it's going so fast and i think this is faster than any technology we've ever seen in the past we need to have the laws in place insurance in place and all those infrastructure things as well because it's not just about automaker technology. is also continuing its focus on semi autonomous vehicles in detroit unveiling its x motion concept car featuring what they call a pilot technology similar to tesla as auto pilot it takes over some of the heavy lifting but still requires human intervention in emergencies. it might not be

as glitzy but ride sharing options like this bus might be the real future of driverless tech. so it'll be a long time before we have them in our driveway and when we do it right now we want somebody else will have a subscription service we'll have a pay by the mile kind of fairness all business model for acquiring transportation will change. self driving ride sharing analysts say would be a development that could change the car industry as we know it. and. phenomenal correspondent carson vendor all of this has actually become reality what are the main challenges. i think the biggest challenge is the trust of all the repeal in that technology i mean we all know that computers helpful and necessary but we also know how frustrating it is when they fail when the technology doesn't work and of course if you have a car that is driven by

a computer that is even more important now i sometimes get nervous when i'm on the road and there's a big truck with the driver coming behind me but now imagine this coming from behind and you see that in your rearview mirror that's clearly no driver that's just as big machine coming here and i have no idea how that is supposed to work properly and safely but thank god there is someone who can rob it followed is here the co-founder and c.e.o. of enron it's a swedish company that developed this truck so how does this work without the drive is likely a combination of different techniques this is cell phone technology and remote so we actually using different later systems and to actually create a system so i can actually replaced the truck driver right and what happens when the technology fails we have a combination of driving so when the cell from him can solve the problems is the

aftermath looking removed and connects to the remote so we actually get the driver in and reap the benefits of sense trying to knology and well as human decision making so there's a human fallback option that someone from headquarters can steer this ok so when do we see this on the road how long will it take to get this on the road really very doing testings right now and first installation of customer insist you mean do it during q. free this year so this year this truck or the some of these trucks will be on the roads in sweden and actually working yes and we are installing the first ones as our customers and they will be able to provide transport back and forth between two warehouses that we are actually using and this time. right now thank you robert so expect a truck like this on the road near to you any time soon funny cars looking into the future other brands looking into that future for example v.w. in order to sort of pull the stair sort of destroyed image in the united states

after the gate what are they doing to promote their brand well basically folks going in particular is emphasizing that they have learned a lesson that they want to be a reliable partner for customers in the u.s. actually folks want is already apparently on a very good way because they're one of the few car companies that actually have a rise in saying that it's in the last you know five percent more in the slightly decreasing market so they're quite optimistic and so are most german companies here because they feel that these are the gate is no longer a big topic here and most customers believe in german quality and german innovations new cars and phenomena thank you so much for your reporting from detroit. britain's foreign secretary boris johnson sas his country will have even more money to spend on public services than a disputed three hundred fifty million pounds a week back six years promised once to country needs the european union and

meanwhile e.u. politicians may have opened a door to reconciliation talks that london european council president almost tossed said quote our hearts are open and so far it seems his appeal is all on deaf ears british prime minister to resign may still backing a speech from the e.u. it all goes to plan that little q.r. on march twenty ninth next year. the law all four shoes sometimes goes beyond rationality in spelling sneaker hats die hard tennis shoe collectors who braved the cold to get their hands on any dust latest top what's especially about the sneaker you may ask well it's a special edition inspired by berlin subway system of all things. long lines check subzero temperatures check fans check while it may look like the latest i phone launch these so-called sneaker heads have a different prize in mind. these adidas sneakers featuring branding for the

baseball game public transit authority limited edition sneakers are part of the baseball games ninetieth anniversary celebrations and even feature an integrated year round ticket a deal worth the wait for many in line here. had a lot of time to reflect on it at the beginning i wanted to have them because they are such a brand name and to wear the shoes myself at first it was all about the shoes themselves because when you wear the shoes identifiable so i don't want to sell them something i have now earned. the limited edition shoes aren't just a hipsters dream come true. the limited run of five hundred pairs offers savvy sellers the chance to make a quick buck. the sold them for eight hundred fifty euros. and while it might just be faster to walk. these baseball gay friends at least now have a ticket to ride as well. and that's thanks so

much for watching. stroebel. cut cut cut cut cut cut cut cut cut cut. cut.

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