thanking on new tech telecom reports declining profits but thanks to its forecast for twenty nine thousand that's the spiked investment costs into the new five g. network likely just served also coming out the head of aston martin says a no deal breck's it is other madness so then why is he building a new plant in wales. i'm chris cuomo good to have you with us. 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 a telecom are down by legal questions keep piling. a 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 region will become reality the new network standard will transfer data one hundred times quicker than l.t.e. corporations like telecom sniff big business but at the full year earnings announcement telecom focused on problems with the legal aspects of the new technologies and 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 of. 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 really 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 the citing security reasons . let's get more this topic now from our wall street correspondent paul see. us 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 five 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 a relay villein its four g. l.t.e. network has five g. evolution as a way to come been discussed it has a why there are five g. network meanwhile verizon is. all rushing to launch their own five g. services this year but oh it came also on the time of the trade negotiations we

china and his administration seems to be delaying on a second to 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 it seems clear that something is off and if it's not five g. crees definitely is sixty five technology that is a still years and years from happening and it was a lose it's been a rough day for sports goods and make her nike one of their shoes worn by an upcoming basketball talent teleport in the middle of a 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. draft 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 the game were reselling for more than three thousand

dollars that explains why nike is a stock a lost over one point seven percent of the. point on thursday but it's not the first time dick company has had 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 all 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 that the pound fell on news that ratings agency fitch could slash the u.k.'s prized double a rating fitzwarren say no deal brags it could hit the economy hard and compares the potential impact to the recession in the early ninety ninety s. when british g.d.p. shrank for nearly two years and fitch is not alone with of the sentiment 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 bred and thereby not immune to the bricks and uncertainty that's troubling the entire u.k. motoring industry. aston martin ranks among the most iconic british brands and he's hoping to keep it that way it's building a brand new assembly plants next to a former royal air force base in wales a vote of confidence in the u.k. car industry amid the turmoil it breaks it may be 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 broke but no deal broke so it 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 to work 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 with its competitor in the affordable car market french owned vauxhall is taking a different view is planning to produce a new line of vans in britain. it would not be true to say that a hard bricks 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 base jag you a land rover 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 a 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 stowed 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 prices dropped twenty percent since a year ago the fall is because of a massive oversupply of coffee on world markets due to weather conditions which have been perfect for the plant around the world. and the biggest gnutella 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 jars 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 tour is 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 iran 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. shall be held well 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 the business if you want more you can always check out a website that's d w dot com slash business or better yet simply follow us on twitter or facebook i'm chris colburn pulling for me and the entire team thanks for

watching your back and more leave you with this quick check.

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