for more, let's bring in our man on wall street, jens korte. give us more background on what is going on. jens: well, one of the main reasons for this current crisis of crypto currencies comes from goldman sachs. the u.s. bank actually decided to drop plans to start the trading desk on crypto currencies, and that really got those coins going south just within 24 hours. within two trading sessions, bitcoins were down 12%. another crypto currency got hit even harder by about 20% within 24 hours. christoph: there are times when many said crypto currencies are the next big thing in finance. are they still saying that? jens: if we look back pretty much a year ago, bitcoinins stod at $4000 apiece. then they went almost $20,000 by christmas. then the hyepe started to fade and we are at a good $6,000. the hype is to a certain degree over, but that does not mean the end of crypto currencies. they are trying out ways to deal with crypto currencies. it is not the end, but the hype has finished quite a bit in the past couple months already. christoph: bitco

for more let's cross over to our wall street correspondent jens korte. ns, amazon started as an out more on -- as an online book rate of -- book retailer. how do people view amazon's business model these days? jens: it is basically a data machine. we do see this with some companies as well. facebook, for example. this is the currency of our time, selling data. so that is a big chunk of amazon's business. they are also strong when it comes to cloud computing, online advertising becomes a bigger part. it is pretty amazing what happened also to the stock price of amazon in the past couple months. just a good year ago amazon for the first time surpassed the $1000 mark for a stock. last week they got to $2000 a share. now they have this market valuation of $1 trillion at least at some point during trading. christoph: we will come back to you in just a minute. we have this other item here. a new advertising campaign from nike features american football player colin kaepernick as its figurehead. it lit up an already racially charged debate in the u.s. kaepernick

javier: jens korte from wall street, thank you for the analysis. you were speaking about easing tensions. could reconciliation be in sight for the other side? the european commission says the majority of soybeans consumed in the eu are now from the united states, nudging brazil off the top spot. the announcement comes after a deal in july with u.s. president donald trump to over a trade war. -- avert a trade war. reporter: soybeans, small seeds of diplomacy at a time of global trade tensions. when the european commission president headed to washington in july, he pledged that europeans would buy more u.s. soy in an effort to dodge washington terrace on eu cars. no surprise that on thursday, brussels was keen to prove it had stuck to its side of the bargain. >> you might remember that in the joint statement, the sites agreed to increase trade in areas, notably soybeans. the results published today show that the u.s. is now the main supplier of soybeans to the eu, with the share of 52% of the market. reporter: an impressive statistic, but economists

for more let's cross over to jens korte in new york. what more can you tell us on the story? ns: there are reports out that facebook ceo mark zuckerberg actually did put some top managers aside the two cofounders of instagram and they have not been happy about this. there have also been some name changes, so that might have hurt the brand name of instagram a bit. but there is also talk that there was quite some disagreement how many ads to put on the instagram pages, and that might have also been a recent why the two instagram cofounders left the country -- company. there is no doubt instagram is still a huge success story. it has also almost been a bargain looking back at facebook buying instagram for about $1 million. this summer -- $1 billion. this summer instagram reached one billion users. christoph: it has been a bright spot for facebook because of its popularity with teenagers and young people, a group facebook has had trouble keeping around. what does this resignation of the instagram executives mean to facebook? jens: there are a lot of analysts here on wall street sa

let's go to our wall street correspondent, jens korte. which matter more on friday, the job figures or donald trump's threat to hit all chinese imports with tariffs? jens: sorry that u.s. president donald trump might impose more terrace much -- tariffs on china. that is the big story on wall street. what would it mean if u.s. president donald trump really would kick another $267 billion in a tariffs? it would mean more or less all goods imported from china would see a tariff, and as we are learning, maybe otheher products might be involved. that was the big story on friday. christoph: let's take a look at tesla. shares plunged today as footage emerged and ceo elon musk smoking pot in a webcast. any connection. --any connection there? julia well -- jens: well, certainly invesestos were not happy with those images, and it was not the only mishap from elon musk in recent weeks. there was the flip-flop about taking tesla private, he insulted analysts, called someone a pedophile, and now this. wall street is concerned if elon musk is the right

for more let's bring in our wall street correspondent jens korte. ns, top social media executives admitting things went wrong in the past. how did that go down on wall street? jens: we saw losses, especially when it came to the stock of twitter which lost about 6% in value. facebook lost about 2% and is down from its all-time high in early july a good 20%. -- by a good 20%. with the hearing showed is it is difficult and probably costly to make the necessary changes. facebook, for example, said that they are using more artificial intelligence to prevent fake content. so it's not an easy task, that is probably why wall street reacted negatively. christoph: google did not send any representatives, despite being asked to do so. what did investors make of that? jens: well, first of all, congress wasn't too pleased by google not sending one of their top executives. they offered to send a top lawyer, but that was not good enough for washington, and that is why they placed an empty chair there. so, we will see if that was a wife decision from google to not s