also for more, let's cross over to frankfurt and our financial correspondent, ashutosh pandey ashutosh. give us some more details on what is behind this rally. chris, the crux is that there is ball clarity. there is less of uncertainty now, or the fears that around an unruly transition in washington are now almost behind us. and so that's the reason, primarily why the markets are moving. the choice of janet yellen as treasury secretaries another positive. she's a known face, like we discussed yesterday, somebody who is going to work with the fed chair. and the news about the vaccination is definitely helping because the markets believe that the section of the society like the elderly and all would be actually vaccinated as early as the 1st quarter. what that would do is that would allow the distractions to be lifted as early as the 1st quarter itself. so that's a definite positive then the central banks continue to be accommodative, and they've actually indicated so. so the dow hitting $30000.00 points yesterday. asian investors optimistic today. how are people in frankfurt viewing all

our financial correspondent, ashutosh pandey in frankfurt, has more on the story asked us, what is the company trying to achieve here? well, the idea is to shore and don't phone that. the 90 percent, if you can see it, it was no fluke. the members just 3000 people were administered, the mistaken do thing that they have to the thing and this 90 percent effective it . whereas 9000, people were given the double and they were, they picked, ignace was far less than it was around 60 percent a. clearly the idea is to prove that that was not a fluke. the ultimate thing is, it's about the gaining trust and it's a fad amount. importance, when it comes to of vaccines. just see how via actually passive to words. all the success is being claimed about sputnik 5 from russia. so it's all about trust and the c.e.o. is asked, isn't it? i see us call it said in the pit, even something good comes by mistake. he would be actually eager to show that it was no fluke as the shah will, all of that affect the approval process of the vaccine. i don't, think so. it would have a much building on that, considering

back to you in frankfurt, ashutosh pandey, janet yellen, a familiar face to financial markets. what our expectations for a very likely secretary of treasury, john is, you know, well, exactly. the markets are definitely happy. it's a known face. as you mentioned, she's a known doll for somebody who cares a lot about creating jobs. and that's one of the aspects that the market civilian excited about. it would be needed. her expertise would be needed. going forward, specially doing a pandemic. she's expected to work really in tandem with the fed chairman jeroen paul with that's going to be important because we've seen of late. there's been a spat between treasury secretary new minucci and and paul wood. and so there should be more think going forward between the fiscal and the monetary policies. i should have found a frankfurt. thank you. and now to some of the other global business stories making news. bitcoin rose to $900000.00 on tuesday for the 1st time in nearly 3 years. the digital currency has surged more than 150 percent as investors seek out protection against inflation a

nevertheless, let's try to shed some light on the story where the date of his financial correspondent ashutosh pandey in a frankfurt asked us, is it only profit taking that's driving down the price here? well chris, i just to go from where that report left, it's very difficult to say anything with certainty when it comes to bitcoin. so you have purely speculation, but it just looks like it's been profit booking by investors. it's not unusual to see correction before an asset class is trying to reach a milestone sober. have this is the investors who are trying to book the profits and hence we're seeing this correction. and they've been also negative commentary from analysts who are tracking bitcoin. they felt that the bitcoin was overbought and perhaps it could fall to $14000.00. and another reason that people are actually mentioning is the fact that perhaps the u.s. is thinking of some tighter regulations around crypto currencies. and that could be a negative sentiment that could be actually driving the sentiment down if i could go on is concerned as to touch this sharp drop in value isn't limited to

s ashutosh pandey in frankfurt. thank you. well, of course, not only financial markets, but people all over the world are hopeful that it's possible to get a strong medical grip on the coronavirus. but making billions of doses of certified vaccines alone isn't going to be enough in order to stop the condemn it. there needs to be other essential equipment as well. absolutely. stero, highly optimized production. german glass maker shot is producing turkey 1000000 glass bottles a day for its chief client, the global pharmaceuticals industry. these vials are destined for world wide distribution. they will hold a vaccine against covert 19 all of the covert $900.00 vaccine projects that are currently happening all over the world. and these are more than 175 percent of those rely on vials from subs. and by the end of next year, we will have supplied enough files to store 2000000000 doses of a coronavirus specs. the files are made of a special glass that is best suited for potential covert $900.00 vaccines, as it avoids the interactio

out to be germany's biggest post-war accounting for old kids head of financial correspondent, ashutosh pandey except infests, then moves. the idea is to align the benchmark with international standards with a focus more on quality. the fact is, such as the profitability of companies getting its results on or not. for example, it will be easier to boot out a company if it fails to provide its audited result in due time. this was a problem we faced with wire card. and now companies would also be expected to have a profitable record before they are allowed in. the expansion is expected to take place in the 3rd quarter of next year. and that's when we could see the likes of online fashion. retailers alone do triage and, and demons, energy trading on the board behind me. their efficient high speed testing is key to getting the coronavirus under control. but how best to transport the kits between places, california company matter net believes drones are the answer and is testing out the tech right here in berlin. it's the perfect job for a drone. shuttling coronavirus tests 11 kilometers across ger