they're right. 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 manufacturers present their latest creations to detroit more tours show. and hard tennis shoe collectors in berlin can't wait to get their hands on added as . top. in style for business and i'm funny for sure here in berlin wall come to the program citi group has reported one of the biggest losses in its history investment bank was forced to take a three billion euro hit in part due to donald trump's new tax bill and it's slashed the corporate tax rate causing a massive write off on tax credits left over from the financial crisis say more at

j.p. 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 citigroup 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 dodger 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 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

rather calm and the stock of citi even saw a slight uptick thanks 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 encrypted currencies sense many of the points lower and use also said to be preparing new 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 a bit quiet is that over bitcoin over what does this mean yes. what we saw here was almost like a freefall for the bitcoin krypto or 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 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 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 flaws in the cryptocurrency here in the tuesday session. of bitcoin yes thank you so much for your reporting now how about driving without a driver talking about the latest creation spy manufacturers at the detroit mortar shell analysts say the future is here regulators say. careful and responsible

review what's on offer 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 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. that thomas 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 and planes and all those infrastructure things as well because it's not just about automaker technology. the sun 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 i will 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 to detroit right now is carsten phenomenal correspondent carson ventura all of this actually become reality what are the main challenges. i think the biggest challenge is the trust of all there if people in that technology i mean we

all know that computer 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 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 droid it's actually 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 second actually replaced the truck driver right and what happens when the

technology fails we have a combination of cell driving so when the cell from him can solve the problems it's the aftermath looking 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 a human decision making so there's a human fallback option that someone from headquarters can steal 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 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're installing the first ones as our customers and they will be able to provide transport back and forth between two warehouses that we're actually using and installing right now. thank you robert so expect a truck like this on the road near 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 the 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 saying it's in the last year 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 to cause the 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 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 cost set quote our hearts are open and so far it seems his appeal is all on deaf ears spring has promised that the reason may is still backing a speech from the e.u. all goes to plan 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 a special about the sneaker you may ask well it's a special edition inspired by berlin subway system of all things. along the lines check subzero temperatures check. 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 they are something. like a 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. in these gay friends at least now have a ticket to ride as well. and thanks so much for watching. stroebel. plane

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