probably wishing he could borrow a bit of credibility right now dodgy bank is looking to replace c.e.o. johncryan that's according to a newspaper article continue clashes between cry and then the banks chairman. reportedly behind the move that struggles to get back in the black and the profit warning came in january but who would even want to replace jon cryer the top job is increasingly seen as a poisoned chalice. he took over in twenty fifteen toft with turning the bank fortunes around now of reports in britain's times newspaper suggests john cry in days at deutsche bank could be numbered speculation about a possible successor is ready rife. we are hearing that the lender has apparently asked the vice chairman of goldman sachs richard kanada to take over which is interesting because also the new state secretary in the german finance ministry is a former goldman sachs employee but it seems that in order it's not interested but one thing is very sure it's going to be a very challenging job among the many challenges germany's biggest lender is facing reversing three consecutive years of losse

indicated last month predicted a loss of four hundred ninety seven million euros for last year c.e.o. john cryan has now tweaked his bank's accounting to include tax payments in britain and reports of actual losses for last year will total seven hundred thirty five million euro torches says it remains committed to net profit for this year after losing money for three consecutive years. newly reelected german chancellor angela now. listen paris today to meet him on a mccraw it is the first trip abroad of her fourth term in office the two leaders will hold a working session on top of the agenda macross ambitious plan for even greater eurozone integration together france and germany will decisive influence over european economic policy historically the two have not always been easy bedfellows but thanks to bob actual business cooperation and trade they've become practically inseparable aviation giant bus has been a joint franco german venture since the one nine hundred sixty s. last year french auto giant bought its german competitor i pull and six months ago siemens and also announce merger

tech sector way more than jaguar want to develop the first electric self driving luxury vehicle c.e.o. john kraft six stressed that his company's cars have traveled more than five million miles on public roads so we do have that level of confidence that we're what we're putting on the road is safe technology and it's only going to get better and i think a really important point to keep in mind with the drivers that we're building is that each car shares all of that knowledge that that may not be enough to put the minds of driverless technology critics at ease but one thing is clear the race to launch autonomy to be a kohl's is beating up. saudi arabia and softbank group by joining forces to create a two hundred billion dollars solar power development with a generation capacity of two hundred gigawatts that's a hundred times bigger than the next biggest a solar project now softbank c o musée your song the sit on china as well as engineers and workers in the country make the foray into so one of their lucrative crown prince mohammed bin sound on the house thrown his support behind the project

the tech sector way more in jaguar want to develop the first electric self driving luxury vehicle c.e.o. john craft stressed that his company's cars have traveled more than five million miles on public roads so we do have that level of confidence that we're what we're putting on the road is safe technology and it's only going to get better i think a really important point to keep in mind with the drivers that we're building is the. car shares all of that knowledge that may not be enough to put the minds of travelers technology critics at ease but one thing is clear the race to launch autonomy to be a kohl's is speeding up. and that leads us nicely into a market up the down the in frankfurt tech stocks are getting a bit of a beating today is that all about the increasing flak that facebook is getting over data protection. gad regulations that's the topic here at the moment tech companies such as twitter's snapchat and mostly facebook are fearing that because of the latest scandals that could face more regulations from the government and that's not just in the u.s. but also here in europe it se

is looking for a new boss says the longdon ty c.e.o. john crying took the helm a twenty fifteen but failed to bring germany's biggest lender back into the winning zone also coming up if you can't drive it that late germany's dirty diesel saw thickening the small kit eastern european countries. garment industry is booming and so is child labor in the impoverished country. welcome to the business i want to get jones in berlin good time with us dr frank is looking for a new boss that's according to a report by the british newspaper the times which says deutsche is chief executive john crime is about to be ousted you to dodge as miserable financial results his profit warning in january dashed all hopes that germany's largest financial institution was on the mend after two years of crisis. he took over in twenty fifteen toft with turning the bank fortunes around now reports in britain's times newspaper suggest john prions days at deutsche bank could be numbered speculation about a possible successor isn't ready right if we are hearing that the le

indicated last month had predicted a loss of four hundred ninety seven million euros for last year c.e.o. john cryan has now tweaked his accounting to include tax payments in britain and reports that actual losses for twenty seven thousand will total seven hundred thirty five million euros dacha says it remains committed to a net profit for this year after losing money for the last three years. german chancellor angela merkel is in paris today where she's been meeting a man with a map call the two leaders held a working session to discuss mccombs ambitious plan for even greater euro zone integration together and germany will decisive influence over european economic policy historically the two have not always been easy but fellas but thanks to bilateral business cooperation they've become practically inseparable. aviation giant has been a joint franker german french a since the one nine hundred sixty s. last year french auto giant persian citron bought its german competitor opel and six months ago siemens and also announced merger plans these corporations have strengthened european businesses

indicated last month had predicted a loss of four hundred ninety seven million euros for last year c.e.o. john cryan house to now tweaked his bank accounting to include tax payments in britain and reports that actual losses for twenty seven thousand will total seven hundred thirty five million euros or she says it remains committed to a net profit for this year after losing money for the last three years. and she is in a siemens health and yes unit searched in their debut on the frankfurt stock exchange the industrial giant raised four point two billion euros in a more muted than expected initial public offering the sale of the company's mistake business as part of seamen see old joke cases major restructuring of europe's top engineering company. the mood was buoyant as help in years shares started trading siemens is reinventing itself for the future and spending of non core businesses is part of that strategy. siemens is probably best known for gas turbans and power plants. but c.e.o. joe kayser likened to us company to a giant tanker ship that he wants to turn into a fast moving fleet they h

like it's client in the rain at georgia bankers the lender seems to be searching to replace its c.e.o. john cried the british newspaper the times says his chief executive is about to be can do to the then his miserable financial results is profit warning in january dashed all hopes that germany's largest financial institution was on the mend after years of crisis. he took over in twenty fifteen tasked with turning the bank's fortunes around. now of reports in britain's times newspaper suggests john cry in the days a deutsche bank could be numbered analysts don't appear too surprised. just because good whooshed is rumored that mr klein is on his way out and trying to bank having tonight it so one could say there's no smoke without fire use of oil among the many challenges kai and successor will face reversing three consecutive years of losses some of which can be attributed to the billions of dollars it's had to pay out as a result of scandals related to mortgage fraud and price manipulation and then there's the mammoth task of restoring the bank's battered image in this area critics say the

looking for a new pot looks like crying in the rain as a bank seems to be searching to replace its c.e.o. john cried the times newspaper says duchess chief executive is about to be can do to lend his miserable financial results is profit warning in january dashed all hopes that germany's largest financial institution was on the mend after a year to reboard power it's already holding talks with possible successors we are learning that he was very interested to get the vice chairman of goldman sachs richard not for the job but apparently he is not interested top candidates seem to be also the c.e.o. of unit credit bank and also off the british. real shots to consolidate his business. well dodger bank has had lots of problems lately three years of losses mehndi many pending lawsuits the share price that just went down this year by almost thirty percent is all of this now the fault of john prine will certainly not in general the conditions for banks here in europe are not very easy when he came into office he promised to reform the lender and he did the thing he has not as shiny see all compared t

the tech sector way more in jaguar want to develop the first electric self driving luxury vehicle c.e.o. john craft stressed that his company's cars have traveled more than five million miles on public roads so we do have that level of confidence that we're what we're putting on the road is safe technology and it's only going to get better i think a really important point to keep in mind with the drivers that we're building is that each car shares all of that knowledge that may not be enough to put the minds of travelers technology critics at ease but one thing is clear the race to launch autonomy vehicles is speeding up. and that leads us nicely into a market up the down the in frankfurt tech stocks are going to get bit of a beating today is that all about the increasing flak that facebook is getting over data protection. gad regulations there thirty's up here at the moment tech companies such as twitter's snapchat and mostly facebook are fearing that because of the latest scandals they could face more regulations from the government and that's not just in the u.s. but also here in europe it

. >> reports from london say deutsche bank is considering candidates to potentially replace c.e.o. johntensions between him and supervisor board. they have approached goldman sachs head of international operations, he's thought to have said no. others said to be on the list m mersier.n pierre it jumped to the highest since 2006 according to estimates by the new york state comptroller. the bonus pool topped $ 1 billion as employment in the sector dipped slightly new york city. bonuses rose as profits from broken dealer operations of member firms approached $25 billion, the most since 2010. global news 24 hours a day powered by more than 2,700 journalists and analysts in more than 120 countries. i'm paul allen, this is bloomberg. haidi: thanks for that. kim jong un is said to be an a surprise visit to china in what would be his first known trip ince taking power in 2011. asia reporter keith jay has more on this. how unusual would such a trip -- trip be? >> three people told us in beijing that kim jong un is in bay ying right now and they've confirmed, as you said this ould be the first ti

deutsche bank is reportedly considering candidates to replace c.e.o. john create aan. head of goldman sachs but he spurned the overture. they considered unicredit's c.e.o. and standards charter's bill winters. deutsche bank refused to comments on the report. goldman sachs declined to comment. tom: thanks so much. geoffrey with u.b.s. is here. dollar-yen may be one of the approximaties for a weak dollar is a strong yen. with a -- this is strong yen and i'm sorry, geoff. it is a beyond elegant chart. how does that trend break? >> well, the trend needs to break. we get the old -- story again. it probably is not going to happen any time soon. it is going to be the next level that people are going to go for. one is japan's strength. you can afford to go buy the fund hedged. that is a powerful story that will continue to happen over the medium to long-term. if you don't like the direction global trade is going, and you're risk averse, dollar-yen is headed lower as well. francine: we want to bring in steven engel, our north asia correspondent for us in tokyo. what have you le

john p. . and also bill winters he is the c.e.o. of the british lender standard charter those are also two possible candidates for the job a job that is certainly going to be very challenging sounds like it's not too attractive at the moment. in frankfurt thank you so much for this. well spanish authorities lauding the arrest of an international criminal mastermind his gang used some of the most sophisticated technology to rob hundreds of bank accounts around the world the cyber heists netted a million dollars each on average. it's a major breakthrough for the police in spain after a three year investigation they have arrested the mastermind of an international criminal gang. it stole as much as one billion euros according to spain's interior ministry the group operated in some forty countries using technology to change account balances and instruct the cash machines to issue the money. so i report on a little different book just to give you an example of how important the detention is in twenty thirteen this group managed to access

well i'm joined now here at the big table by john francoise gun yes he is the c.e.o. of the canadian based company element ai one of the globe's go to places for firms that want to use artificial intelligence he's also an advisor to the office of the canadian prime minister on cyber security zhang for what it's good to have you on the day you were at a conference earlier today a panel you spoke of a panel that i moderated the aspen institute germany held its annual conference here and we talked a lot about cyber security and how they mix i want to ask you can mourn exist without the other not just in the broad picture can we talk about cyber security cyber attacks without talking about artificial intelligence so absolutely i mean it's possible the impact that is that being in this space is similar to the one we're seeing in our industry where a distinct knowledge enables to do much more which must much less resources so no tapping into data you can automate task that would have required you to have tons of analysts you know scrapping that data and you can bet you coul

john alan, this is a partnership that took every person. as recently as saturday morning, 7:30 a.m., conference call with the c.e.o. of st. marys. i'm going to let deanne talk. >> hi, i'm deanne robinson, i want to say thank you everyone for being here today. this is really important and special to me because i am a person who has received services for substance abuse and mental health. i just want to tell crestwood thank you quickly recognize and gratitude some of the leadership who have brought this forward for most of you, the eight months, literally, several of us, mauja and i, had not walked on the campus before march 10th of last year. and we moved mountains with an incredible organization, who serves the state of california very well. with rigidity. >> nice to put it that way. [laughter]. >> so we have honored them as well and have plaques that are going to them. but i've asked our local administrator -- the first one is for mauja and each one of these is for your fearless commitment and compassion to the people of san francisco. [applause] >> support rita. this is for rita. [applause] for barbara garcia. [applause] for o

john blackstone has more on this. >> reporter: undercover video broadcast today by britain's channel 4 reveals cambridge analytica c.e.oexander nix boasting of his company's involvement in the 2016 presidential campaign. >> reporter: today, cambridge analytica suspended nix, but facebook could be in deeper trouble. in 2011, they signed a consent decree with the federal trade commission, promising not to allow unauthorized use of users' profile data. nix's admission suggests facebook may have violated that agreement. roger mcnamee, an early investor in facebook, is now a critic of the company. >> i think there is a giant problem for facebook, and frankly, for democracy in the united states. >> reporter: sam lester, with the electronic privacy information center, agrees. >> users had no idea that cambridge analytica was accessing this data. it's a clear violation of the 2011 consent order. >> potentially, it could cost them $40,000 for every offense, times 50 million people. >> reporter: that could total more than $2 trillion in fines. mcnamee says mark zuckerberg's silence is disappointing. >> you don't get to make a bi

when john looks at all says when it comes to lecturing this isn't quite as obvious as the s. class outside the c.e.o.'s is in his brownie and sight it's nice and airy partly thanks to air vance borrowed from the s. class turning up the heat makes them glow red turning it down big global loop it's a fun detail just like the massage seats in the steering wheel from the s. class or. the c.e.o.'s coupe a sumptuous interior continues the flowing contours of the exterior a choice of high quality materials reinforces the upscale feel the ambient lighting systems choice of sixty four colors invoke something of the modern lounge atmosphere. the air jets are meant to recall. engines. noise that's right no says the c.e.o.'s is and it's new ist and back now the rear see the common aids not just two with three passengers so a total of five people to go along. aside from the red and blue glowing here vents the digital displays have also been spiffed up here and there now they appear in different colors depending on the drive mode. along profile has been demanded too many sacrifices on the impracticality front the

john yang. >> sreenivasan: for more on thisi'm joined by roger mcnamee. he was one of facebook's original investors, and fo mentor to itder and c.e.o., mark zuckerberg. , 's the co-founder of elevation partneprivate equity firm in california, and co-founder of the center for humane technology. roger, one of the things that the company has said today is that we are-- the entire compane is outraged anere deceived. hit, you were pointing out some things similar tobefore the election in 2015 to mark zuckerberg and cherysandberg. at were they? >> beginning in 2016, i started to see things going on in thefa book platform that suggested that bad actors were taking the tools created for advertisers and using them to harm innocent people, and i saw them in severalfe difnt yays. politics was one. but also housing and areas related to civil rights. i raised the issue in october o0 with mark zuckerberg and cheryl sandberg and i said, "guys, i think there's a systemic problem here." i wasn't surprised that they didn't, you know, jump right on it. but i was disappointed because they treated it like a public relations problem, rash a business problem. and so i spent thr

c.e.o. group of the company has access to classified information. donald trump has revealed who will take over as his new security advisor the man being appointed is former u.n. ambassador john bolton who is known for his strong stance on north korea and iran the appointment was made in typical trump style on twitter but u.s. president also made use of the social media platform earlier this month when he fired his secretary of state rex tillerson more pin has a look now at the new arrival through washington's revolving door. he is the third national security advisor to the donald trump administration in the last fourteen months and john bolton is a long time advocate of the use of force against iran and against north korea now those are two countries that are rather vital for the trumpet ministration in the coming months in may donald trump will have to weigh in on the iran deal whether or not it will continue and furthermore the usa is on the verge of carrying out the historic meeting the first meeting between a head of state of the usa and the leader of the democratic people's republic of korea so at this point a lot of questions remain so the fact that john bolton has bee

chief executive john cried is about to be ousted due to dodges miserable financial results the fifty seven year old took the helm of the lender in twenty fifteen after a failed co c.e.o. of arrangement in recent months he experienced many setbacks in efforts to rehabilitate the bank his profit warning in january dashed all hopes that germany's largest financial institution was on the mend after two years of crisis. and for the very latest let's cross over to our man of the frankfurt stock exchange davia corp so daniel else that cryan story going down in doggy bags home turf frankfurt. well many here on the trading floor are giving this latest rumors quite some credibility and also that is reflected on the share price of daughter buying today to be fair enough it has been in general a very successful trading day here so far after quite some losses yesterday the dax is up with about two hundred points shares of the larger bank are also up not that much right now only with about zero point five percent that's at least something when you look at the development of their share price this year it has tumbled went down almost thirty percent and investor told me that of cour

chief executive john crime is about to be ousted due to daughter's miserable financial results the fifty seven year old took the helm of the lender in twenty fifteen after a failed co c.e.o. a range meant in recent months experienced many sacked setbacks in efforts to rehabilitate the bank its profit warning in january dashed all hopes that germany's largest financial institution was on the mend up to two years of crises well later this morning we'll get some reaction to the story from the frankfurt stock exchange meanwhile spanish authorities are lauding the arrest of an international criminal mastermind his gang used some of the most sophisticated technology to rob hundreds of bank accounts around the world the sipe or heist netted a million dollars each on average. it's a major breakthrough for the police in spain after a three year investigation they have arrested the mastermind of an international criminal gang. it stole as much as one billion euros according to spain's interior ministry the group operated in some forty countries using technology to change account balances and instruct cash machines to issue the money. just to give you an example of how important th

chief executive john crime is about to be ousted you to dortch is miserable financial results the fifty seven year old took the helm of the lender in twenty fifteen after a failed c.e.o. of arrangement in recent months he experienced many setbacks in efforts to rehabilitate the bank his profit warning in january dashed all hopes that germany's largest financial institution was on the mend after two years of crisis. all right for the latest let's cross over to danny cooper standing by for us at the frankfurt stock exchange frankfurt of course the home office door to bank headquarters so daniel what sir to the story is crimes replacement a done deal what are you hearing. well hi there monica well for the moment those are rumors but it seems that more and more people inside of the bank are not anymore in favor of their boss i saw him during the last annual press conference when you promise that two thousand and eighteen will be again a year off a success for the bank that he wants to bring the bank back into the winning zone you could feel all the pressure the man has to deal with shareholders are frustrated since the beginning of this year the share price of dacha tumb

john all. if i just. need to humen the usual for me and it was a young. tom how did a delay come about. such a great story fred's wenneker the co-founder and c.e.o. of african leadership academy was one of the other fellows at ted in a room and so i decided to. contact. me. you know after william spoke i went and talked to him and i said you know what about him coming to l.a. and fred was dismissive he said it's too late he's too old. and you know he doesn't have the foundation to make it happen. and so about six months later fred called me and said i want william. and i think wall what's changed and he said. i think i think we can do a good job for william and. and and i said. i had to think about it a little bit because you know i realized that to l.a. william story was very compelling and you know probably a good way to fundraise yes yes i know. but i really did believe in fred's vision of a school with the best of the best of kids from every different country coming together in a pan african prep school and it was perfect for william because for the first time he was surrounded by. ambitious african kids that were as committed to like making

john alan who absolutely i think was very, very new and green. and this would never have happened without his commitment. [applause] to george, the actual c.e.o. and president of crestwood behavior. [applause] this would not happen with his -- and to janet, who is our incredible director of initiatives, education and some people call her a designer, but clearly she is not, she's the brilliance behind the environment and we have been recognizing the environment twice in the past six years by samsa for therapeutic environment that is trauma informed. so to janet. [applause] and this is for the late mayor, this would never have happened without his commitment, belief and tenacity, to the people of san francisco. [applause] five, four, three, two, one! [cheers and applause] . >> my name is angela wilson and i'm an owner of the market i worked at a butcher for about 10 years and became a butcher you i was a restaurant cook started in sxos and went to uc; isn't that so and opened a cafe we have produce from small farms without small butcher shops hard for small farms to survive we have a been a butcher shop since 1901 in the heights floor and the ca