it's set to be marketed later this year. banking on new tech telecom reports the cline is profits but thinks there's forecasts for twenty nineteen that's the spiked investment costs into the new five g. network will likely just serve also coming out the head of aston martin says a no deal brecht's it is utter madness so then why is he building a new class whilst. i'm chris cuomo good to have you with us a technological leap often comes with sacrifices just ask the folks over at large telecom licenses for the new ultra fast mobile network standard five g. are to be auctioned off in germany later this year and the network operator is

focusing on a good deal but coughing up the money for permits and infrastructure could be challenging as profits dodge telecom are down while legal questions keep piling. click on a mobile app and moments later the self driving car you've just ordered it appears the customers get in and they can lean back and watch a film while the electronics take over the driving reacting within milli seconds to the traffic around them with five g. this futuristic vision will become reality of a new network standard will transfer one hundred times quicker than l.t.e. corporations like telecoms new big business but at the full year earnings announcement telecom focused on problems with the legal aspects of the new technologies which we're not happy he's a germany is going its own way and not just copied other countries where they've already successfully developed legal frameworks for the granting of five g. licenses which would meet the expansion needs of the major industry leaders. in

the industry but tough doing telecom is critical of the projection that by the end of twenty twenty two ninety eight percent of german households will be provided with the new five g. standard the number of relay musts will have to increase tenfold to seven hundred fifty thousand in just three years according to a consultancy firm telecom says that's unrealistic the company has launched legal action against the government over the rules for granting the frequencies that follows rivals vodafone and telefonica have launched their own actions the future looks distinctly shaky for the planned frequency auction in much. and u.s. president donald trump has weighed in on the five g. discussion mr trump said thursday that u.s. firms should quote step up their efforts on five g. technology i want five g. and even six g. technology in the united states as soon as possible mr trump tweeted american companies must step up their efforts there is no reason that we should be lagging

behind on something that is so obviously the future of the trump administration has recently increased efforts to block chinese five g. leader who away from the build out in the united states society security reasons. let's get more on this topic now from our wall street correspondent luis there are all. u.s. companies must step up their efforts that doesn't sound like the usual america first rhetoric now does it. it doesn't nod and at this point in time korea's existing networks continue to be pretty limited here in the u.s. in the case of eighteen thousand for example we're talking about twelve c.d.'s using it last year but we cannot forget the fact that the company also got sued for false advertising after relabeling its four g. l.t.e. network s five g. evolution as a way to convince customers it has a why there are five g. network meanwhile verizon or sprint. all rushing to launch their own five g.

services this year but oh ok mo so what the time of the trade negotiations and his administration seems to be delay in order to buy in one way and all the companies from operating in the us something that will grant us companies some caution to build their own five g. networks so it seems clear that something is off and if it's not five g. crees definitely is sixty technology is this still years and years from happening and has illusions been a rough day for sports goods and make her nike one of their shoes worn by an upcoming basketball talent fell apart in the middle of the game tell us more about the impact of this incident. definitely not a good omen for nike korea so when a promising basketball star from duke university widely expected to be number one pick for n.b.a. two of its brain to his knee after one of your sneakers literally came apart to put

these things same perspective former president barack obama was there to see william some and tickets for to game where we settle in for more than three thousand dollars that explains why nike is a stalker lost over one point seven percent at some point. on thursday but it's not the first time dick company has have problems in this regard since in two thousand and seventeen there were issues with n.b.a. jerseys and that the word theory actually is a monolith that point out that these incident could be an opportunity for other companies such as under armor to challenge and i could stomach one position in boston that have your footwear in order hostilities there are no in new york thank you. britain's credit rating is under threat guess why well because of breaks it the pound fell on news that ratings agency fitch could slash the u.k.'s prized double a rating fitch warns a no deal brags it could hit the economy hard and compares the potential impact to

the recession in the early one nine hundred ninety s. when british g.d.p. shrank for nearly two years and fitch is not alone with the sas men today the c.e.o. of luxury carmaker aston martin said that leaving the european union without a deal would be quote madness being one of james bond's favorite set of wheels asked martin is a quintessential british friend and thereby not immune to the bricks that uncertainty that's troubling the entire u.k. motoring industry. aston martin ranks among the most iconic british brands and is hoping to keep it that way it's building a brand new assembly plant next to a former royal air force base in wales effects of confidence in the u.k. car industry amid the turmoil it breaks it maybe but the luxury carmaker isn't ignoring the fact that the future for u.k. manufacturers remains i'm certain i. still have to believe that we'll get to a proper right decision because

a no deal growth. is is is frankly madness and i know i know people don't like to listen to experts but it is from an industry point of view. because you materially affect the. ability of a manufacturer to through work in the in the way that we've become accustomed to. and dealt a blow to the u.k. car market when it pulled plans to build one of its new models in england blaming breaks it but its competitor in the affordable car market french and vauxhall is taking a different view is planning to produce a new line of bands in britain. it would not be true to say that the heart breaks it automatically means the closure of plants in the united kingdom neither for us nor for other manufacturers but it would certainly mean they come under greater scrutiny. britain based jack you're landrover has warned it could only stockpile enough parts to cope with a few days of bricks of disruption as manufacturers from around the world prepared

to take a closer look at their presence in the u.k. those brands born and bred in britain are just looking for certainty now to some of today's other business headlines around the world low cost airline ryanair must pay a three point four million dollars fine in italy after its antitrust authority ruled that ryanair is new carry on luggage policy was misleading consumers and distorting competition officials say by redefining free cabin baggage as only luggage which can be stored under seats and charging for bags which only fit in overhead compartments ryan air was effectively rising ticket prices. coffee growers in colombia have called on the national government and the international community for help coffee price has dropped twenty percent and the biggest nutella factory in the world has halted production while italian parent company ferrero investigates quality control problems the factory in the french province of normandy produces

one third of all the jars of the chocolate flavored has not spread consumed in the world for says none of the drawers of nutella already in sale has been affected. saudi crown prince mohammed bin solomon has arrived in china after previously visiting pakistan and india five months after the killing of journalists in a saudi consulate and continuing criticism from the west the tourist seen as a way to present himself as a political leader who still has international partners. a formal airport welcome in china's capital beijing no one here will confront the saudi crown prince with criticism and human rights issues the prince is packing investment promises in his luggage the saudi oil company a ram co the world's largest exporter of crude oil wants to build two refineries in china and replace russia as its most important oil supplier china on the other hand

is striving for closer economic relations saudi arabia is an important sales market for chinese products ranging from electronics to weapons the expansion of economic relations was also high on the saudi princes agenda during his previous stops in pakistan and india. i think that the opportunities in india are worth more than one hundred billion dollars. and we want to make investments that are beneficial for both countries. in the case of india's arch rival pakistan the crown prince side contracts for investment projects worth twenty billion u.s. dollars next stop on his journey south korea. and that wraps up this edition of business if you want more you can always check out our website that's. slash business or better yet simply follow us on twitter or facebook i'm

chris colburn live for me and the entire team thanks for watching your back more. with this quick check.

says. good news duramax channel. the final story. with exclusive. the must see concerning parts culture. should be curious minds. do it yourself networkers come get some subscribers and don't miss out. how to cover more than just one reality. where i come from we have a transatlantic way of looking at things that's because my father is from germany my mother's from the united states of america. and so i realized fairly early that it makes sense to explain different realities. and now here at the heart of the european union in brussels we have twenty eight different realities and so i think

people are really looking for any journalist they can trust for them to make sense of this. climate is not tough enough i work at u.w. . place. real live stream and available in all sources of media. but is this propaganda factor fiction. i know comes out of the senate who killed this young man is now in quotes because of this video stint in the car when they have them on the.