got to go and insists he is innocent and accord in tokyo the former nissan boss fully denied accusations he committed tax fraud. also on the show as officials from china and the u.s. continue their negotiations in beijing we'll see how american companies are trying not to lose valuable chinese customers because of a trade war. and the c.e.o.'s electronics show in las vegas looks into the tech future despite the global trade dispute. it's time for business on the w how you know it's good to have you with us got to go on was considered a legend in the automotive industry seen as a visionary and credited with turning nissan into a powerhouse that was until he was arrested charged with financial crimes two months on he's now finally had his first hearing in court but his lawyers say it could be another half year before his case goes to trial. cameras ready

they were waiting but carlos gone never had a chance to make his case to the media a police bus delivered him to the talk your district court handcuffed and with a rope around his waist. was described as thin he is set to last more than ten kilos over his last two months in prison the charges tax avoidance and under reporting his salary in documents prepared for investors. and you know when you are going to be mr go and concluded his statement saying he is innocent and there was no evidence or grounds but has been wrongly accused and detained him and he must. industry sources have long speculated whether the charges against poland were real or whether there was foul play go on has forged an alliance between french comic of an old and japanese competitor sneed son a mitsubishi for years he has been criticised for giving eleanor too much power within the group some in the industry say the future of the company is at stake.

let me have the us there are three possibilities for the future of the alliance there is the status quo but that seems difficult to envision today once they might go further into the alliance with an outright merger or takeover of one of the two companies all will see a rebalancing but today who can say what will happen perhaps we have reached the limits of this alliance as it was conceived at the beginning that. for now carlos gone is out at both japanese automakers he is still chief executive of. corporate news now and in an ever changing leadership position amazon has now surpassed microsoft as the most valuable publicly traded company in the u.s. it's a further sign that a seesaw stock market continues to reshuffle corporate america picking. really let loose volatility on global equity markets has seen technology and internet

stocks jockeying for leadership for weeks now but shares in e-commerce behemoths amazon jumped three point four percent on monday on data favorable to retailers that pushed it ahead of microsoft by market capitalization so amazon is now the world's largest public company where seven hundred ninety seven billion dollars more than the g.d.p. of switzerland that now puts microsoft in second position after the shuffle. alphabet the parent company of google is now in third and apple which topped the list for years has slipped into fourth place the i phone maker had a market capitalization of one point one trillion dollars only last fall but shares nosedive last week when it lowered its sales outlook based on we could have manned in china and speaking of tech giant samsung delivered disappointing earnings

figures on tuesday as it reported a big drop in profits they were down by nearly one third in the last quarter the first straw up in two years the south korean smartphone maker is now facing tough chinese competition while demand for its components has softened and trade tensions between the u.s. and china stems from also worry that this this this quarter won't live up to its rule projections. meanwhile american and chinese representatives are continuing their discussions about trade relations the stakes for companies from both sides are high goods from chinese mass production have long conquered shelves of western electronics and toy stores and in china u.s. brands like starbucks gillette or nike have to vote at customers now the ongoing dispute among political leaders could erode the loyal base with unforeseen consequences for business. the chinese buy more consumer products from america than they do from any other foreign country including japan and south korea american

brands have grown to be such a status symbol in china's growing middle class that many cannot imagine life without them. beyond put on more trade between the two countries has reached far and wide people in both countries cannot live without the other nations products the u.s. cannot live without china and china cannot live without u.s. products either. but that sentiment is tempered by the growing popularity of chinese made products which often cost only a fraction of the u.s. competitor. if agreements cannot be made i will have my own preference of choice in terms of famous brands of us close to me their prices are already pretty expensive if trade agreements or cooperation cannot be made i will prefer to buy our local brands instead. yeah. but at the moment china remains vital to many u.s. brands that could give china the upper hand in this week's negotiations with

american trade representatives who cannot afford to have the chinese stop filling up on u.s. products. all right let's take a deeper look into these negotiations for that i'm now joined by our financial correspondent on wall street has a reason it was a real good night to you know investors had been rather skeptical these talks would make a big difference and yet we are seeing the markets rather higher why the optimism. well have we are we needed to keep the mind out for a while we still know i mean that all intrigue negotiations i've heard also we've increased. from both sides and constant criticism from tromso somehow is refreshing from our new best to resume perspective to see the u.s. president claiming that the talks are going very well while negotiators seem to be not or when there are differences and that said even progress has been made on issues including protégés as u.s. goods and services differences that remain one main challenge is figuring out how

to make sure we fulfill its goal means a man especially when it comes to issues like pressuring foreign partners into transferring technology against their will protect intellectual property or don't subsidies made by the government towards domestic companies and all of these issues that you mentioned also affect tech companies they are however recovering from recent losses including apple can we expect these ups and downs we've seen to stop . i think it's a very to say the volatility especially on the tech companies is here to stay but discerning trained experienced or words. to those any team also cheap into third into stocks so now we are seeing some investors taking advantage of it that said in the case of awful for example troubles with softness the i phone sales probably will continue as attorneys consumers seem to be favoring local brands but it also indicates al-faisal gulf of it or amazon we can still not rule out some regulation coming from washington especially when it comes to protection or even trying to

break up some of their operations to reduce its power and influence so as for now though it seems their biggest taken stocks are experiencing a comeback but there is still have to prove it's here to stay and we're only at the beginning of this week thank you very much as a result of giving us the latest from new york. and we stay in the u.s. from the other coastal us vegas now where the first big tech event of the year is taking place whether self driving self rolling or self walking it's all there at the consumer electronics show a growing number of traditionally non tech companies have also set up shop at c.b.s. trying to give their product line a digital make over. i catching self driving cars connected to the driver's home devices one of the trends last week that he was in and for b.m.w. an opportunity to go the extra mile presenting its driver less motorcycle for the first time in public he would think there's going to be doing and for is certainly

motorcycle that's connected to charlotte but it also helps riders be better riders and also safer writers it's definitely the me that made the times kids robots a robot known for the folder i share of the electric skateboards smart beauty devices it's one of the biggest tech shows featuring startups alongside to establish companies c.s. is expected to draw more than one hundred eighteen thousand visitors hoping for a chance to see the kind of tech likely to dominate the scene suggest the themes we expect to emerge this week are artificial intelligence will see a lot of products powered or enabled bit by ai in the voice recognition and facial recognition things like that five g. connectivity which is one hundred times faster than four g. l.t.e. with four to five hundred exhibitors the show is expecting from our program for change and the overall buy it tends to be

a optimistic old tech can solve problems that's what the industry's message seems to be this year in the speak us. but still of course the c.s. is taking place against the backdrop of the u.s. china trade war and its potential to cause harm to the tech sector earlier i asked u.c. santa other strategic communications director of the consumer technology association the organizers of c.s. whether that is actually weighing in on the atmosphere there. we're having day one today and the mood is exciting it's thrilling it's the opening day of the show we have over four thousand attendees four thousand exhibitors one hundred eighty thousand attendees coming so the energies here. trade is always going to be a topic of mine because no one likes the uncertainty of paying extra taxes for their products and though we're aware that the tech industry is going to pay one billion dollars more every month if the trade war is resolved to china but don't be full see as a full circle we have studs of exhibitors here and the energy is very high. all

along that's it for business though by. the. end of. the month. the.

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