citigroup has reported one of the biggest losses in its history the investment bank was forced to take us to three billion euro hit. autonomous vehicles many factors present their latest creations at the detroit auto show. and hard tennis shoe collectors in berlin can't wait to get their hands on added as late as top. it's time for business and i'm fighting for sure here in berlin wall come to the program citi group has reported one of the biggest losses in its history investment by was forced to take a three billion euro hit in part due to donald trump's new tax bill. of 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 young correspondent on wall street was much more on that big loss for citi group yes what is the 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 jointly 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 quiet. that they will profit from the tax reform of the u.s. government of paying only twenty instead of thirty five percent in taxes 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 you 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 and to state lost as much as twenty percent of its value did think they know the twelve thousand dollar mark a rumors that the south korean and chinese governments could then trading in crypto currency sense many of the points lower they use also said to be preparing your rules that would no longer allow cryptocurrency owners to remain anonymous when they convert crip to 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 freefall for the bitcoin crypto currency after officially trading

ended here on wall street their downfall continued and bitcoins dropped by around three thousand dollars or a good twenty five percent well there is some talk of 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 all being the main drivers for the cryptocurrency this is mostly i'm 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 flaws in the cryptocurrency here in the tuesday session massive loss of bitcoin yes thank you so much for your reporting now how about driving without a driver talking about the latest play chanst 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 so is technology getting a had of itself here is more fun it may not look like it but this could be the vision of the car industry's future it's a so-called light 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 it's not as vehicles are still under development but it's growing 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 automakers technology. is also continuing its focus on autonomous vehicles in detroit unveiling its x motion concept car featuring what they call a pilot technology similar to tesla auto pilot it takes over some of the heavy

lifting but still requires human intervention in emergencies. it might not be as glitzy but right sharing options like this bus might be the real future of driverless tech. so i will be a long time before we have them in our driveway and when we do it right now we want somebody else on that we'll have a subscription service we'll have a pay by the mile kind of service 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 add to detroit. and phenomenal correspondent cars and then all of this actually become reality what are the main challenges. i think the biggest challenge is the trust of ordinary people in that technology i mean we all know that computers

is 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 as 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 robert fowler 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 driver is likely a combination of different techniques this is cell phone technology and remote so we're actually using different later systems and to actually create a system second actually replaced the truck driver right and what happens when the

technology fails we have a combination of cell driving so when the self-rising can solve the problems it's the aftermath will get removed and connects to the remote so we actually get the driver in and reap the benefits of sense trying to acknowledge 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 remind transport back and forth between two warehouses that we are actually using and install. right now thank you robert so expect a truck like this on the road to you any time soon twenty cars looking into the

future other brands looking into that future for example v.w. in order to sort of polish their 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 one is already apparently on a very good way because they're one of the few car companies that actually have a rise in saving lives 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 a gate is no longer a big topic here and most customers believe in german quality and german innovations to cars and phenomena thank you so much for your reporting from detroit . britain's foreign secretary boris johnson sassy's country will have even

more money to spend on public services than a disputed three hundred fifty million pounds a week bracks if yours promised once to country needs the european union and meanwhile e.u. politicians may have opened a door to reconciliation talks london european council president almost cost 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. although it's just planned that little q.r. on march twenty ninth next year. when the law for shoes sometimes goes beyond rationality in spelling sneaker hats die hard tennis shoe collectors who braved the cold to get their hands on every desk latest top what's especially about the sneaker you may ask well it's especially edition inspired by berlin subway system of all things. long lines check subzero temperatures check. check while it may look like the latest i phone launch these

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and while it might just be faster to walk. these baseball gave fans at least now i have a ticket to ride as well. thanks so much for watching. stroebel. complain

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