and people are increasingly migrating to the cities a global trend siemens highlights in the crystal cities offer jobs culture hospitals it's senseless to keep polluting these increasingly important living spaces with exhaust fumes so which city would alex and every house prefer to live in. as a business while we're here in london and london's got a huge debate going on about air pollution but if i think about it probably move to the countryside. an understandable attitude for an expert in pollution levels in major urban centers. now this is a recurring question in the twenty first century how do we make our cities. a general to promote is doing his bit by building in commercializing the city crew so i'm clear electric bike taxi adapted from freak shows in asian countries what's more it's a. huge it's morning time in the heart of the german capital. here at the very case by taxi they're doing good business. here especially popular with tourists who fail of the city towards the drivers offered. has been operating a bike tuffy for thirteen years. this is a super job for me i've always

that's just the type of problem siemens is trying to tackle at the crystal it center for sustainable urban development in london here the expert air pollution reports for cities across the globe are prepared using data collated by tailor made software. that's already been tested in london. this tool do not start here. and we can access the data recorded by a london monitoring station. and we're looking at having to take action to counteract the threat of exceeding pollution limits. because they're frequently unpopular measures and this tool helps city planners to say ok i'm going to have a problem and three to five days. that would mean keeping as many cars as possible out of the city those which do enter are charged a fee which increases in line with the amount of harmful exhaust a vehicle emits the cars are identified using london's road toll system which has been in place for fourteen years right now you pay eleven pounds to enter the city on a week day. just for to come straight off your bank account yes basically straight away and in a future that will at least double what it is

months ago tehran seems to be a brilliant destination for investors from europe including germany siemens dima many other companies wanted to do business there but washington's foreign policy has since started to strangle iran's economy and a rainy ends are bearing the brunt. at first glance everything seems to be running normally in this pharmacy in tehran. but more and more often pharmacist naveed who doesn't want his real name mentioned has to tell his customers that he doesn't have their medicine anymore. we have customers who have undergone open heart surgery and those medications are vital when they stand in front of me and i have to tell them that they're no longer available you can see the fear in their eyes so i was sure that. the majority of iranian pharma imports come from europe the u.s. sanctions have caused one massive problem for e.u. around trade the payment system. we visit the bank melli iran in hamburg it forward sereni and company payments to respective banks of german companies but now european banks are part of the boycott according to managing director has got to th

as chairman of the leipsic plans works council thomas klaus travels to the siemens headquarters in munich where the managers want to announce their savings plans. it's an end to the rumors everything in black and white you know try google chapter three high of two children and i also have plans for the future and they are largely based on the future with my good job at siemens and this is our home and now it's all up in the air in the street eyes when that future is no longer there than i am and shaky ground you can hear you know it's a bit like the road to the slaughterhouse to be very emotional so i want to know. where does the middle class fear of sliding down the social ladder come from for a long time the german middle class always believed that their prosperity would only increase but all that is about to change. and it has something to do with global development. economists bronco milan of it has examined the consequence. of globalization and number crunching large amounts of data on his conclusion people's income has risen but not uniformly. or when we look at globalization and we

and i also have plans for the future and they are largely based on the future with my good job at siemens this is our neighbors and now it's all up in the air and when that future is no longer there then i'm a shaky ground and sure you know it's a bit like the road to the slaughterhouse to be very emotional so i would you know . where does the middle class fear of sliding down the social ladder come from for a long time the german middle class always believed that their prosperity would only increase but all that is about to change. and it has something to do with global development. economists branco milan of it has examined the consequences of globalization and number crunching large amounts of data on it is conclusion people's income has risen but not uniformly. or when we look at globalization and we are when we say about globalization we are really talking about the period of the last twenty five to thirty years and we have to a large groups of people who you can say are the winners of globalization the first group already belong to the rich one percent of the world and they are gett

rightful more on the story and i'm joined by the correspondence dorian jones in istanbul and stefan siemens in washington gentlemen hello to you both jeff and i want to start with you have there any been reactions to the statements in the u.s. no i'm afraid not not as of now at this point nobody rect it officially or unofficially nothing from sources and nothing from officially from the white house state department or department of justice those of the three to entities who are actually involved in any decision going to be made in terms of extraditing mr goulden fits in the gloom and perhaps we won't hear anything until tomorrow or not at all because there are suspicions from observers and experts that maybe something got lost in translation there between president trump and president adelong because of course the d.o.j. and the u.s. government is looking at the request of turkey to extradite mr fetzer log but that this is going to happen any time soon it's rather unlikely and has not changed what sort of. story and i want to bring you in why is extraditing so important for the turkish gove

stuff on siemens in washington good morning stefan amount of resignation is the latest in a string of administration departures but is this one different. it's different because it's the most significant we had the other we could enter secretary right and sinking resigning but he was facing an avalanche of scandals and investigations so that was not a real surprise but matt is resigning and in this form without in this letter you would notice not one word of praise for the president that's a little bit unusual normally when you write those resignation letters to the white house or to the president you always say a lot of it are nice things about your former boss this one. turned out to be a little bit of an ugly divorce and this is difficult because james read it was always seen as the adult at the cabinets table and as a so called ball work against the most rational decisions of donald trump in terms of foreign policy so yes and that is leaving is significant ok now democrats have been among those expressing disappointment at the resignation here's house minority leader nancy pelosi.

washington correspondent stephanie siemens told us about the likelihood of a fresh deal to avoid the shutdown. this is washington there's always a deal to be made but it would be highly speculative on my part to say oh yeah there will be a deal today on saturday or to say no there won't be any deal possible adult what's really going on here is that this is that we are in the waning hours of the waning days of a republican majority in the house they have been in the in the senate of course and they will have more for the more so in the senate next year when the democrats take the house after gaining forty seats in the midterm elections however this is the last chance for president trump to make good on a critical crucial and huge campaign promise that he will push for the wall that he will build the wall and the mexicans pay for it now that's off the table masons are not paying for it so he needs the money from congress and is the last chance for him with republican majority in the in congress in the house of representatives to get his money after that there's no chance of all and thi

of course he'd seen siemens obviously took this video in secret. from inside the house kind of know we knew we could be arrested and executed for it intimate to coddle but love. became a kind of decision. how it is they're everywhere and they watch for men or shave their beards or people who might have cigarettes if the guy had a meaning for women or showing their honor's. things in the national shit out of his rules bars for i didn't hear how it was that the honest us wish that. i. owe no. doubt that i am again lol boulder let alone. let alone you know. the i was lucky one was not done. it's painful but i feel a responsibility to do this work. son out of that review. one execution video i recognized a guy lived in my street. when it was his turn to be killed. a teenager and cut his throat and. i don't. know how you. can. but i think if you're. going to a show that i heard the phrase for god for the failure. that is exactly sixty in the. embossing to my feet could increase and you can't show anyone your weakness. and nora and so perhaps he sees me

. >>> siemens, now according to to reuters the companies have offered to divest, siemen, they have proposeds giving rivals and customers this week to respond before it makes a ruling by mid february >>> and t-mobile and sprint have won key u.s. security approvals for their $26 billion merger the tie up got the green light from both the committee on foreign investments and telecome, made up of the u.s. department of justice, homeland security, and defense. the company's respective owners had made assurances they would stop equipment processes from ha huawei >>> we are back with head of european executive strategy of barclays another one of the most hated sectors in europe is autos and over the last couple of weeks, the data has been quite week chinese retail growth has slowed to a 15-year low in a large part by weaker auto sales, european auto sales have been very weak what do we think of this sector in 2019. >> our thinking is the top will remain for the sector market in china as well. and the regulatory backdrop is still an issue as the emission standards are getting tighter and tighter. h

and siemens company new energies that is a biggest energy in the world. >> what about geographics. >>italy budget issues characterize the growth in europe. >> europe still you know has a lot of big opportunities in terms of talking to customers. the political sayinituation has become quite -- quite difficult because europe in absence of a joint foreign economic policy in middle between superpower houses united states and china, so they look at -- east west, and, you know, with themselves that i believe needs to be -- needs to be changed, we need to have a unified european foreign economic policy so that there is a unified approach on multilateral and bilateral grade agreements. >> doesn't it get worse if we see britain carry out its exit from the european union and others perhaps, you know, think about following suit? >> well i think the question is i would ask myself half the political and economic leadership in europe you know, taking responsibility to stand up and show people if way. or has it just been sitting there and waiting till a majority of people have been voting out of the

we're proud to have ge and siemens and all these big companies depend upon us to enable their e-commerce business. >> you've had other startups in the past. had to face this buy or sell dilemma before. what was different for you this time, you decided to go public and not sell? was it just the market opportunity or something different about yourself and what you wanted to try to go public with? >> a combination of both. when you do a first startup, you don't know a whole lot. at that time the decisions are very different. when they did the first of secure i.t., the first acquisition went very fine. stocks went through the roof. wow, it was wonderful. was it a fluke or can i do a startup again? that's one of the things in my mind. >> let me tell the viewers you did it five times. you were on the show a couple years ago and we decided to title it "jay chaudhry can't lose." i want to get to the viewer how phenomenal your success has been in silicon valley and how many employees, workers you've made quite wealthy. >> quite a few. actually the first startup has the highest percentage. 70% or

heavyweights like siemens, daimler and other companies wanted to do business there.ut washington's foreign policy has since started to strangle iran's economy. and iranians are bearing the brunt. reporter: at first glance, everything seems to be running normally in this pharmacy in tehran. but more and more often, pharmacist navid, who does not want his real name mentioned, has to tell his customers he does not have their medicine anymore. >> we have customers who have undergone open-heart surgery and those medications are vital. when they stand in front of me and i have to tell them that they are no longer available, you can see the fear in their eyes. reporter: the majority of iranian pharma imports come from europe. the u.s. sanctions have caused one massive problem for eu-iran trade -- the payment system. we visit the bank melli iran in hamburg. it forwards iranian company payments to respective banks of german companies. but now european banks are part of the boycott, according to the managing director. many companies fear the u.s. sanctions. >> the banks do not

correspondent when the crane and the following today's events from our washington bureau is stefan a siemens and demise reader is our washington based reporter. she is out and about near the washington national cathedral of where the your service will get under way monk momentarily. as americans get ready to a bit their last goodbyes to the forty first president let's go to my our first -- amaya can you tell us what you're saying for the past couple of hours the crowds behind me have been filling in on the sidewalks really a shoulder and she can foul here -- trying to catch a glimpse of the casket as it went by just a few minutes ago and the motorcade carrying all the dignitaries were standing. right in front of the entrance to the cathedral where they will be entering. the very somber respectful moved out here on the streets that people bidding farewell to a president who's really considered the the last of a generation he represented a different tim. in american politics very different from -- what we're seeing now of people talk a lot about -- what a unifying figure he was during his time

tehran seems to be the go to destination for investors from europe including germany heavyweights like siemens dimer and other companies wanted to do business there but washington's foreign policy has since started to strangle iran's economy and iranians are bearing a bridge. at first glance everything seems to be running normally in this pharmacy in tehran. but more and more often pharmacist naveed who doesn't want his real name mentioned has to tell his customers that he doesn't have their medicine anymore. we have customers who have undergone open heart surgery and those medications are vital when they stand in front of me and i have to tell them that they're no longer available you can see the fear in their eyes so this was for them. the majority of iranian pharma imports come from europe the u.s. sanctions have caused one massive problem for e.u. around trade the payment system. we visit the bank melli iran in hamburg it forward sereny in company payments to respective banks of german companies but now european banks are part of the boycott according to managing director has got the leap

siemens, not part of that ingram, paid $1.6 billion settlements to authorities in the u.s.carol: so i'm not advocating bribes here, but the point is that greases the wheels and gives access to establish companies in emerging markets that provide product services to folks who might not otherwise have them? that is the plus side? >> that is the plus side. the downside is in two parts. it is not fair, effectively a tax on the poor. it ends up trickling down to increased costs for the public at the very top of the society some of the people receiving kickbacks, actually make more money. that's one part. the other is that it is anti-capitalist. in a market with there is basically no competition, inferior products come onto the market and are allowed to stay there, when, in theory, in a capitalist society, there will be innovation, competition, that will breed efficiency. carol: we also caught up with "pursuits," editor about apparel. jason: for many cultures that value modesty, they are making simple fashion. fashion has been coming up in the broader high fashionfas has not real

thousands of companies paying massive sums to although,sein -- johnson & johnson, huge endinges -- siemens $1.6 billion in settlements to parties in the u.s. and germany. carol: so they are not advocating for rides, but the point is it greases the wheels and gives access necessarily to establish companies in emerging markets that provide products services to folks that might not otherwise have them. that is the plus side? in two partsde is -- one, it is unjust. tax oneffectively a the poor because it ends up trickling down in increased cost to the public. society, people receiving kickbacks are the ones that make more money off of it. that is one part. the other part is anticapitalist. market where there is basically no competition, inferior products come onto the market and are allowed to stay there, when in a capitalist society there is innovation, competition, and that will breed efficiency. carol: we also caught up with chris rouse her about an interesting trend in apparel. many cultures and religions that value modesty, fashion brands are making close that are simple, but are not well

operators on the new siemens vehicles which is allowing us to get more of these vehicles in service and really get these amenities and customers more quickly. we also increase the size of our rail classes and we are now delivering 100% of the rail service. that is important because almost a quarter of our ridership is on the rail system, and those are our highest capacity vehicles. we also converted part-time operators to full-time which helped with our hiring, but hiring continues to be -- hiring new operators continues to be our biggest challenge. we are looking at a whole range of things, including partnerships with the city, potentially on helping people get their b. license, which makes them great candidates for our program, and reaching out to untapped areas of the workforce. the next area we focused on was enhancing service reliability. again, consistency for wait times, and on-time performance on the lease frequent routes. we started using new tools in the transportation management centre that allows us to know how evenly the vehicles are spaced, and also how many people are in

their health care business would follow a similar move by siemens .ive of merchant bank galaxy digital says he doesn't expect bitcoins price to climb much more. says that despite a dismal run for virtual currency investors in 2018, he sees bitcoin up to 6000 in the near term. >> a lot of people say, this is to looks. it was a medium built on something that's real. most models are built around things that are real. the internet changed our world. because we are dealing with companies all the time, progress is being made in technology. made on thess being institutional infrastructure side. when i look ahead, i'm constructive. blue apron has seen 90% of its market value disappear since summer 2017. the share plunge by the new york-based delivery service gives it the dubious honor of being the third worst u.s. ipo this decade. beenther four spots have energy companies. that's your bloomberg business flash. nejra: thank you. tells bloomberg the u.s. and china are planning to hold meetings in january to negotiate a truce for the trade war. this follows talk

siemens and mitsubishi had the same problems. they got on it quicker.etter geographic mix, but ge was late to the party and there are some theories on why. one of which is, there was a running race for who was going to be next ceo, one of the guys was in power and we want to get the best results we can -- a number of things. jason: let's look ahead to 19 for ge and then week -- 2019 for ge and broaden the discussion a bit. what does the new ceo, replacing flannery after 14 months in the have the investor confidence he needs to do what he needs to do to get this company back on track? best,is considered the probably, arguably one of the top industrial managers. at first i thought they put him on the boards to give some credibility, a really good operating guy. he does have the good will, but the impatience is so powerful that it is interesting -- he has kept things close to his chest while he is figuring out what he is going to be doing and every time he speaks, it goes down. i think people want something now. i think he is giving us a few things, but he