Standing by to deliver the stories that will deliver your day. More on the chinese Inflation Report. Any selloff on asian stocks. Following the renewed selloff in u. S. Tech shares. David is in berlin, covering Angela Merkels first visit to athens since 2000 wealth. 2012. Deb the latest, lets go to in hong kong. Morning, zeb. A down day across the asiapacific. The selloff in wall street precipitated it. The latest Inflation Numbers in china having an impact. Ofn we look at the data out china, inflation below the governments target of 3. 5 . There is the expectation that there will be additional stimulus rolled out, but markets are not taking it positively. The index tumbling. Lets take a look at the numbers. Down one percent. Japan, the biggest decline or in terms of percentage of value. Tech stocks getting hit harder. The story is in hong kong. China shares falling. The Mainland Chinese Companies listed down two percent. A very difficult week. , modestlyr index higher thanks to the hong kong exchanges. Trade afterge the news that shanghai and hong kong will Work Together to quaff great in terms of corporate who operate in terms of investment. A standoff stock in an otherwise dismal market. . 10, the biggest internet company, a key mover. Inflation numbers out of china maureen reed or two worrying. Consumer prices in particular. This suggests to mistake demand is not where the government would like to see it. In hong kong. Sincesdaq saw the most 2011. The tech selloff continues as the earning season gets underway. Little love for tech on wall street right now. The nasdaq down over three percent. Not just the nasdaq. The s p down two percent. I have picked out three companies, three stocks. Facebook, netflix come on google. They have all seen a heavy side of selloff. 26 off their high. Google, 10 off their high. Ncd steady falloff over the the last month or so. All three of those companies, all time highs for all three. He tells you where we have been the last couple of months. Valuations, what are they and how do they compare to the tech bubble back at the beginning of the millennium . If you look at the nasdaq and e ratios, you have to go back to 2007 to get the relations that high. Valuations were only 50 times higher than earnings. Notrelations not cheap, but as expensive as they were then. The temptation to offer shares in an initial public offering, with that dissipate because of the turbulence of the Technology Sector . We have been talking about the massive pipeline of theiries looking to exit investments. Richer valuations. A buoyant market. The perfect time to float. That would be a difficult thing to do. Look what happened to king digital entertainment. Which produces the candy crushed game. It got crushed, mark. This year, there has been a bubble in people of talking about bubbles. What we have not had for a long time is a healthy correction. That is what we are getting right now. The correction, the thing we need to know is, a correction of more than 10 the magic 10 . We havent had for over 500 days. Thanks a lot. Latest devices hit the shops today. They are available in Stores Worldwide today. The European Business correspondent is here with the details. She got her hands on them in barcelona. Issome some doing and samsung doing enough to remain the number one smart phone seller in the world . The galaxy s5, which goes for sale in 125 countries, comes loaded with freebies. A are not just starting a price war, they are starting a freebie or. More. War. You get linkedin premium. At least for fitness apps. Four fitness apps. They are miles ahead of the competition in terms of the sales. They should double the amount of phones apple did. They are still top dog here there trying to claim top dog. If you start to ebb or lose that. It is difficult to get back to number one. They expect us five sales to reach 10 Million Units and 25 days. That is reported for preorders. That is about a sixth of what they have shipped. Good going so far. They are willing to sacrifice profits to stimulate those sales. We saw their operating profit deteriorating. Samsung, recent earnings. Amsungs recent earnings. It could start off a price war. That is why they are offering these freebies. The samehone has Technology Like apples phone. It has more battery, a bigger stream screen. 30 minutes. That is the idea. They are being eaten in from the as the newe new kids in the block, much cheaper offerings. Theyfunctionality three have to stop the ebb of their market share. The slowdown and the pace of growth. Their shipments were up 44 last year. Talk to me about wearables. Is it part of the strategy Going Forward . How do they stack up . That is what is fascinating about the mobile world congress. They had three wearables they launched. All following from the galaxy gear. The first real stupendous moment of smart watches. There were some smaller players. The us was samsungs offering. You have to have samsungs portfolio products. Lateste to have the tablet for to marry with. They didnt like the sign that much. They do not feel the functionality was there. The new version, the cheaper theyon, and also fit they likeny feel the curved touchscreen. You can marry with your smart watch and take messages. Is can see that somebody calling you. You might not be able to answer on the fit watch device. But you can perhaps send a standard response. It has a lot of functionality. The competition is tough to read the key competition is lg life and. Band. You can team it with any android or your ios device. It has apps that can measure your heart need. They have not come up with the killer product yet. They keep showing innovation and a willingness to try. Angela merkel is in athens. Just after investors snapped up 3 billion euros in bonds. Berlin withis in more. Good morning, david. Athens in 2012, october, 2012. Angela merkel made the historic visit. The absolute height of the debt crisis. I remember being in a taxi, listening to the radio. There was a radio jock screaming the germans were invading greece. Angela merkel was a not see. You could not believe the amount of resentment. Im not saying that anything that has has changed. She is not the most popular person in greece. But you will not see anything like the protest we saw that greeted her 18 months ago. One of the reasons why is he 7000seal still see police out in the street. All the metros will be locked down. Not that much opportunity. And again, things have changed. The code what happened to the 10 yearyearold 10 year yield on the bond. Now it is around 5. 9 . A lot of the anger has come out of the markets as well. Angela merkel said we are dealing with problems that have arisen overrt decades. It would take a long time to solve these problems. We willeves it will see light at the end of the couple tunnel. Age the message is theres more work to be done. Greece has a long a lot to do. An engagement coming from german politicians. The president was there earlier this month. Angela merkel. We will talk to later. Thanks for the moment. And the world bank start their Spring Meeting in washington. Top of the agenda will be risks to the global economy, including the russian and action annexation of crimea. Reiterated the commitment to Financial Aid for ukraine. We are talking about a financing envelope ranging from 1418,000,000,000 u. S. Dollars for that includes room payment of anything that is a legitimate area. Any credit for. Any creditor. On sunday. Ing ends russia is a member of the imf. President putin has urged members to settle ukraines tet debt. His photography spans more than half a century. Images go on display in london. We are taking a chance to go inside the business of photography. That is the next hour. Dont miss that. Belownas inflation stays target, we will see how much scope the premier has to support growth. Time for todays company news. After they cut the prophet forecast. Profit forecast. Recalling 156,000 vehicles in the United States. The automaker is calling back cars with sixcylinder engines because of the defect that could damage the engine. It is affecting models made between 2010 and 2012. Floor has beeny found in heart they say some of the networking products are susceptible to the encryption bug. The vulnerability affects some of the routers, switches, and security firewalls sold by cisco and juniper. Back, this is countdown. A time in london is 6 17. Lets take a look at how inflation in china may affect the premiers push to create growth. Joining us now is jeremy from the canadian bank. Inflation is below target. Data,in to the mix trade which unexpectedly declined. We have gdp data next week. Which could show the weakest number since 2000. Issues to consider. Lots of moving parts. You have to overlay that when you are talking about the Chinese Administration trying to rotate the economy away from exports into consumer demand. A lot of moving parts. The question is if gdp will do celebrate, how quickly or aggressively will the administration look at ways for to try to reinflate the economy. Recreate some of the issues related back to 2009. Seems not keen to roll out a big program to read big program. That is part of the process we are seeing. The quality of the gross composition rather than the absolute quantity. Markets are up sensed obsessed by quantity. But it is the quality of the growth that is more important to growing more important Going Forward. Somewhere like australia that is where the dynamic and the interesting coming the austrian dollar rising. Very robust employment numbers. That help to provide investors have been carrying and negative bets on the Australian Dollar and looking at prospects for the r. B. I. Bitink that is a little ambitious and some firms in terms of the timing. When you overlay this with the deceleration story, no collapse, but deceleration nonetheless. The rally in the austrian dollar back to you in a second. We will talk about the dollar, japan, the bricks. The brics. Stay with us. Quite disappointed. I thought i knew him better. I heard him to be my successor. Does that make me mad . Yes. It might disillusioned . I m. I. T. Disillusioned am disillusioned . Not really. Here. Cs jeremy is the biggest weekly slide in eight months. This weeks minutes. What are they telling us about the dollars midterm projection . Clearly, markets took a much more optimistic or less dovish stance after the fed meeting back in the middle of last month. The minutes themselves are continuing that process of inling a back a little bit terms of expectations. We have added a lot of dovish language and rhetoric. We know there are some hawks out there. Generally, the perception is the yes, they will continue tapering. Rates will go up, but it will be a slow and progressive process. That took a little heat out of the market. We need to see the data coming through. Some very strong jobless claims yesterday. Yet that has still to materially drive through in terms of underlying performance. U. S. Yields and spreads remaining far from supportive. What is holding up the euro . Despite all the talk of trial qe runs . Why is it still up the references talk. Markets have become a little bit frustrated with just talked rather than action. You look to some of the numbers across a whole range of countries. Largely below expectations. Throw in greece or portugal. You can argue we need to move beyond talk and the need to see action. Until we do, the euro was supported. A little bity be of a legacy influence from the russian story. We may well continue to see capital flight out of u. S. Assets. Looking to europe as a safer destination. Less likely to have relatively extreme sanctions. On russia a crisis which was mooted in january. Some of the key players in january, the rush is on south africas. The russias and south africas and turkeys, the currencies have rebounded . They have. Whether it be structural risk related to the Mining Sector in south africa. Some of those factors have dissipated temporarily read dissipated temporarily. The dollar side to looks a little less robust. In have to be judicious terms of anticipating that extension of the process. For thoseo look better fundamentals. From a longerterm perspective, it means looking somewhere like mexico instead of turkey or south africa. The think a lot, jeremy. Thanks a lot, jeremy. Veling up, unknowable a no sales strategy. Welcome back to countdown, im mark barton. Fx check. Flirting with one dollar 39 cents come its best week since september of last year. All of that talk of quantitative easing coming from the ecb, and a Bloomberg Survey shows almost two thirds easing. The dollar is having its worst week in eight months. You have to say this right here will be watched, a drag on inflation and second, and headed for many of the exporters here in europe. Headlines, a tech selloff in new york yesterday. The dow jones four percent, the off fives also percent, the most in three years, investors looking at a possible overvaluation of tech stocks as earning seasons begin. Will replacert David Letterman next year as host of the late show. Colbert is best known as playing the character of a staunchly conservative talkshow host. Samsungs new set of devices hit the shops today. For more on the latest gadgets, we are joined by an expert, head of mobile at tribal group. Ben, inc. You for joining us. 5. 1 inch screen, fingerprint reader, 16 makeu megapixel camera. A water resistant coating. Is it any good . S yes, it is samsung best smart phone to date. One minute youre talking about the water and dust resistance, the scratch resistance, and at another point we are trying to the baby crane alert, which you can use as an infant monitor. All interesting features, but that is a broad thing to communicate. Was often criticized as being a little too gimmicky. I think samsung has been trying to play up with the success of the s3, much like apple. They made this giant leap incapability and recognition and the s4 comes out in the name immediately replace it. They have struggled because the technology is not really improved that much. You can add an improved camera and screen and the device size as well, there are no giant leaps. So often they compensate by putting in a lot of software features. The heart rate monitor, some question about whether there is value putting that into the device. No big Game Changing technology taking place, is that a disadvantage for samsung versus the lowend manufacturers , the chinese players that we . Alk about on a daily basis i dont think it disadvantages them against those players because they are not aiming at this end of the market. Their materials cost and Development Cost is midmarket, or the bottom end of the market. Samsungs more challenging task is to explain to consumers why they may need to pay 600, 700, depending on how the device is subsidized, for this very highend device. One of the huge challenges is against the likes of motorola and other competitors who were putting in huge competent vices at the mid tier, hugely competent devices at the mid tier. They are saying we dont need a screen. We often focus on apple, sony hasannounced, htc announced, and some of the mid rage phones, including motorola and lg. Are they realistic competition when it comes to the samsung . They are, and we have had all of the large and players this year. One, the sony is due to be shipping soon. All of the reviews say these are all very competent phones, the high end of the market, and very tough competition. Samsung has only really made about one third of its smartphone revenue from highend devices. This will not matter, but it could matter on the other devices. You should expect to see an s5 mini coming out later in the year and also different regional devices to lowend achieve this halo effect from this device. Caroline was telling us was in freebieses, 600 essentially for the s5, is that a good thing or bad thing . It is an interesting play. It may point towards a deficiency, but it shows where samsung may believe there is a gap in their services, so they are shipping with one month storage space, fitness activity trackers, even Bloomberg Services to give business news. What it indicates now is as a consumer you did not buy a smartphone, you buy into the ecosystem and you value the service is almost as much as the hardware in front of you. It is an interesting play. I think the 600 figure that is bandied about is a little overblown. Perhaps more interesting is the cash back in incentives in the u. K. , where we are at the moment. Not a lot of people offering 100 pounds cash discount on a device. The average selling price will be a challenge here, and they may have to partner with their operator of phones as well. The new gear lineup is available to the world today. The first gear did not go down particularly well. Is there evidence the massmarket once these types of wearables or not . Honestly, at the moment, no. The first gear was clearly a test device. There have been devices like the pebble which have had hundreds of thousands of sales, but when you pair that with what the scale is like samsung has been achieving, it really does not make a dent at the moment. The other interesting fact is samsung has their own platform and the rhone smart watch devices. Whichave the gear 2 neo, is a device that runs on a platform, having abandoned android for the first time. They also have the gear fit, which is a sports activity tracker. Immediately, it looks closer to the devices that are selling. You have to bear in mind it is retailing for almost double of with the sports activity trackers are. It has this display and it looks beautiful. On aer, it is running close, proprietary platform. Do you want a 200 device that may be obsolete if you change or smartphone next year . Good point, ben smith, head of mobile at triumph group. December, 1929, jerusalems came out. It has been rebranded at the as the waldorf astoria. We have an inside look. Hotel of the 1930s lavished luxuries on the visiting shakes and diplomats. Phones, hot water, and elevators. Now the waldorf astoria costing up to 5,000 per night, guests can expect even more. The finest italian furnishings. A magnificent atrium with dropdown windows. Stunning czech chandeliers. About 200,000 each. For a light . A very special light. My favorite feature in the hotel has to be this, a tv embedded in your bathroom mirror. What more could someone want them being able to watch bloomberg tv wall having a shave . That wasn a restaurant once a staple, the general manager