manus cranny is in paris at the global conference. >> david inglis has more on china hoss export -- china country as exports falling. hans nichols is in berlin looking at mobile and cloud and big data from the conference. .> stay with us this morning city coming up. the conference in paris and we will be speaking exclusively to the philadelphia fed president. >> the search continues for the missing malaysian jets. fromt 370 was heading kuala lumpur to beijing. more. haslinda, what is the latest on the search efforts? mark, at a news conference, the aviation authorities of malaysia said nothing from flight 370 has been found and the oil from the oil slick was cover on the water of vietnam. it is being investigated and analyzed to see if it was indeed from the missing aircraft. 48 hours after all contest was 70, nothing yet and nothing is known. that is adding to the frustration. and in the family. what we know is the search has been extended to 50 nautical miles. involves more than six nations including the philippines, thailand, china, and even the u.s. not even to the intelligence of the

exports are not looking good. >> is extraordinary in china. there are three ways that markets react. first is that china is destroyed and it is all over. china is a grown-up country and there is nothing to worry about. the third approach is to look at the details and figure out where the real opportunities are. >> it is trying to. >> it is a transition economy and you have smokestack industries that support panel manufacturing that is oversupplied and overcapacity. you do not want to be invested in that. you want to be invested in new technologies that may have chances to do-- things with the environment. andle say that the numbers keeping the gdp at 7.5 is going to be a struggle. i think they are over reacting. i think they're missing the opportunity. >> they are exposed to commodities and old-style big exposedurers are being to china. is it time to cool off? >> they have been out of that story. they said that it is no longer everythingimporting on the planet. it is a different story. ande talked about the u.s. we did you talk about your for

huge drop in exports for china, sending stocks lower worldwide. markets in asia closing sharply lower. >> wow. >> japan and hong kong suffering, yep, but not as much as china's stock market. big losses there, down almost 3%. stocks in europe started negative and are clawing back. u.s. futures indicating a mixed open at this hour. we head into today with the s&p hovering around, you know, a record high. shares of boeing dipped about 2% in afterhours trading on friday. boeing manufactured the 777 malaysia airline plane that disappeared and is presumed to have crashed into the ocean off the southern tip of vietnam over this weekend. you know, boeing has a stellar safety reputation. separately, though, we've learned that hairline cracks were found in the wings of 40 dreamliner jets being built for boeing. boeing says the wing cracks are being addressed and that none of the dreamliners currently being flown are affected. we'll watch that today. we'll also watch the parent of the malaysian airlines plane, that stock getting hurt a little bit today, too.

>>a little bit of interest in china. export data missing by some 18% over the weekend. really clouding whether or not the real demand from the developed economy is there and whether the engine that drives the export driven economy that is china is perhaps broken. >>back in the u.s.better weather. so what does that mean for nat gas prices? >>a little bit lower. there's still some interesting dynamics between both coasts but a lower price as we move into springtime. hitting 50 degrees yesterday in chicago but some colder weather through the middle of the weekit'll be a bumpy ride here for energy investors the next couple of weeks. >>before you take off some investment ideas would be great. >>i think peripheral europe a bit of a neighborhood that has been cast aside but is actually coming back and coming back in a pretty significant way. spain, portugal, italy, and even irelandthe first country to come out of that european union bailout program all putting up some very significant numbers and looking promising as we head through 2014. >>thank you lincoln. have a good tradi

the trade organizations as china's export duties on rare occurrence in violating trade rules. immunization ruled in favor of tokyo washington and brussels which filed the complaint against the duties of what released on wednesday. the wto dispute settlement panel told a shame to correct its export practices and expressed full support for the complaints that have rejected it china's claim that the duties and curtis are aimed at protecting rare earths and the environment. to catch a twisted pushing me to what the he welcomed the judgment he said japan intends to urge china to quickly accept it and the united states and the european union jointly filed a complaint in june two thousand and twelve. rarest of the materials imagine it's a hybrid car motors and once it's put digital cameras that's right i think it depends heavily on imports from china. trade officials from japan and australia have been trying to craft an economic partnership agreement was seven years but they've hit a roadblock in the latest round of talks over the terrace japan levies on beef imports japanese the oce

china's exports slumped 18% in february and japan lowered their estimate for the last three months of last year. the dow is down 58. the nasdaq is down 11. s&p down 4. >>> if you are thinking about selling a home in the bay area, now could be a good time. the bay area has been named the best place in the country to sell a home. zip realty based the list on median sales prices and inventory. last year, the bay area's median sales price went up 35% verses a national average of an 11.5% increase. and the ratio of homes per resident in the bay area is about 1-1. nationwide, it's nearly 7-1. some realtors attribute the air'sia economy. >> low interest rates and low inventory. tremendous job growth in the area. >> five of the top ten lists on the list are in california. sacramento, san diego, orange county, and los angeles, also made the list. >>> former san francisco giants' slugger barry bonds is back in a giants' uniform once again. this is bonds first time back in uniform since 2007. the career home run's leader joinled the giants at spring training for a week-long stay. he will be work

the pressure is rising on china's leaders. exportsfalling 18% last month, the biggest drop since the financial crisis. it economists were expecting a rise of 7.5%. the figures were probably skewed by the lunar new year holiday. wholesale prices along with those numbers may threaten china's growth target. of 1% on an/10 annualized basis in the fourth quarter in japan. that was compared to a pulmonary government estimation of 1.5%. it risks prime minister shinzo abe's plans to reinvigorate the economy. he plans to impose a sales tax next month, and that could hurt retail. the search continues for the malaysian airlines aircraft that went missing over the weekend. search-and-rescue teams say they have recovered a window fragment that may have come from the boeing triple seven. still, not known what happened to the aircraft. the flight vanished while flying from kuala lumpur to beijing. there were 239 people on board. happeningto what is out there in terms of the equity trading session. economic data of from japan and china, playing out a

that's after china's exports unexpectedly tumbled nearly 20% in february, from a year earlier. the shanghai composite gave up nearly 2.9% finishing at 1,999. that puts it below the key 2,000 level for the first time in a month and a half. investor sense ipt was also weighed by a separate piece of data showing that china's inflation numbers were not as strong as some had expected. and in malaysia the main index there closed down a half a percent, 1,822. shares of malaysian airlines plunged as much as 20% earlier, after the -- one of the company's jetliners went missing. >>> well the past few years have not been years of plenty for farmers across northeastern japan. many are still struggling to recover from the disaster there three years ago. and some are trying out a new business model now, to get back on to their land. >> reporter: there is a sure sign that life is returning to normal in sendai, the largest city in the region. strawberries inside this department store are selling individually for about $5 or more. and they're grown locally. they come from the town of yamamoto,

there was pretty strong demand for cars and related items in europe and china. exports of plastic to china also surged. in terms of imports, japan bought more liquefied natural gas, electrical parts like semiconductors that helped to boost imports 9% in february. it's the 16th straight monthly rise. the pace was slower than in previous months. >>> on to the markets now. investors still cautious before the federal reserve concludes its two-day policy meeting a bit later on in the day. here's how the majors are looking. tokyo's nikkei rose to its highest level in a week. many other markets, they were a bit on the weak side, though. the nikkei, in fact, added nearly 0.4%. it finished out the day at 14,462, trading was a bit choppy. short-term traders moved the markets today. investors bought pharmaceutical issues to try to get higher dividends before next week's ex-dividend date. the shanghai composite with declines of nearly 0.2%, 2021 at the close. property developers remained under pressure as investors were concerned about the risk of possible defaults by small develop

you have a recessionary europe and a slow growth united states the two largest consumers, china is very export, structurally over so. that spills over to the commodity nations, australia, brazil, emerging markets. so we see a global economy in 2014 that is really not hitting on all cylinders. china understands it has to be the mover to change that come at want a consumption driven economy. it is taking steps to do that and exposed in these credit bubbles. the question is whether they can do that and how painful it will be. i seriously have my doubts will happen anytime soon. liz: oracle happen incrementally. people who care about what does it mean for my money, what should they be looking out for as china claims it will liberalize his interest rates? >> clearly this will be a painful process. just going by ppi measurement china 24 consecutive months of decline. you couple that with export data which suggests last month china exports dropped by 18.1%. as peter accurately pointed out the biggest clients are the eu and the united states, both of which have demand. liz: we have seen the iron ore m

if you look at the trade figures, china exports to taiwan. china records it.n reports imports from china had a much lower level. the trading partners of china are more reliable. they would suggest that growth has slowed down considerably. for a chineseling report? are you saying it is more realistic that we will see 4% and chinese will come out with a report or their own numbers that are closer? governments will publish the statistics that they wish to show. irrespective of whether that is in china or other countries. government control is to assist the quote. the control whatever they want. it is not important who votes. >> if you are with china, you get some muscle there to count what you want. at the end of the day investors have a tendency to see through these things. do you believe investors are seeing through this? have they discounted china and up? >> look. stock have been just about the worst performing stock since 2006. some will dismiss that. we have this as a percent of gdp. this is now over 215% of gdp. a lot of it is straight finance that is being

and also goods from china exported to the u.s. alibaba has quite an operation and in the united states. side, u.s. businesses get their goods through alibaba.com. aybe a random ingredient to special kind of lotion they cannot get into the united states and they get on alibaba. maybe it comes from tahiti. i have talked to the business owners in the united states. paul, what do you think of the extent of alibaba's potential to grow even more to further infiltrate the u.s. and other markets? >> one of the reason for the u.s. offering, the primary andon was control, jack ma his partners want to have control over the board even though cap 7.4% of the stock. that is the key reason they are looking into the united states. to make this company, to introduce alibaba, something a lot of people outside of china do not know. this u.s. offering, this global offered is a way to introduce in different parts of the world. but initial partners out th -- potential partners out there. even though the growth potential in china is great, they want to

also goods from china exporting to the u.s.. >> alibaba has quite an operation in the united states. on the b-2 be side, u.s. businesses actually get their goods through ali baba.com. whether it is a random ingredient to some kind of lotion that they can't get in the united states. maybe it comes from tie haiti or something like that. paul, what do you think about the extent of ali baba was potential -- of alibaba's potential? >> the primary reason for the u.s. offering was simply the control. jack ma only owns four percent of the stocks. one of the benefits is to make this company, a lot of people outside of china don't know this. the global offering is a way to introduce it to other parts of the world, investors, other potential partners. even though the growth outlook in china is extraordinary and is considered a long-term growth story, clearly, ali baba will be more competitive than in their core chinese market. >> up next, yelp chairman, yahoo! board member talks about how tech can solve societies against problems. ♪ "the best of bloomberg west. so world issues, crisis in ukrain

for the luxury brands going into china and goods from china exporting to the u.s. >> alibaba has quite an operation in the united states but we don't talk about it a lot. alibaba.com u.s. businesses get their goods through that website. it might be a random ingredient to a special lotion they cannot get in the united states. maybe it comes from the heating. t --ahiti. what do you think about the extent of the alabama -- alibaba potential to grow more locally and further infiltrate the u.s. and other markets? >> one of the reasons for the u.s. offering was simply control. ma and his partners want to maintain control even though he only on 7.4% of the stock. that is the key reason they are listing in the u.s. versus hong kong. the other benefit is to make this company, maybe to introduce alibaba -- people don't know it outside of china. this u.s. offering, this global offering is a way to introduce it to other parts of the world, investors and other potential partners. even though the growth outlook in china is extraordinary and considered to be a long-term growth story, alibaba wants to

factor in china, we see that in the bottom half of the graph and that is showing how much money china exports and inports regarding russia. look at ukraine $39 billion and factor in the exports from russian oil to the united states, and japan, ukraine is responsible for more of the russian economy than the united states and japan are singularly and the united states receiving $27 billion in russian oil exports. dana is in london and clearly the european union is tied to russia but wants to sever the ties. >> they want to sever the ties if it is a chain around their neck. if russia is going to continue to try and bully the near and afar and threaten europe with foreign policy by cutting the gas and threatening to do so a. well, enough is enough. we have to have as a europe the independence to be able to stand up for what we believe in and including territorial integrity of ukraine without being blackmailed and it is time once again to put it on the table and getting around the gas exports to ukraine and to all of europe and 30% to europe and break away from russia and russia will be isolated a

. >>> an unexpected plunge in china's export data send stocks tumbling in shanghai. >>> and they are creating the biggest banana producer. >>> and a look ahead to the agenda today in the states. there's no economic data. we'll look for key reports later this week on retail sales inflation and consumer sentiment. the president charles plasser is in paris to speak next hour. and charles evans speaks about the economy this afternoon. urban outfitters reports before the open and mcdonald's is out with their february same store sales numbers. >>> it was also five years ago today the current equity bull market in the u.s. began after the major indices hit multi-lows in march 2009 during the financial crisis. the s&p 500 plunged to 666 causing fear amongst most investors, but we've come an awful long way since then. steve englander is still with us from citi, steven, in the five-year period, where do you think we are now. post that jobs number on friday, which you saw the euro pull back from the two-and-a-half year peak, what happens now? >> well, i think the friday number was important bec

regarding china and its economy because chinese companies often buy copper to use as collateral and china's exports as you know, we got that bad number out of china earlier this week. peter baum joins us now, the coo for essex manufacturing. he's in hong kong. his firm makes products licensed to retailers like betsy johnson and steve madden, just to name a few. thanks for joining us. i know it's very late, your time, so tell us what you think and what you see happening inside of china. we got a bad data point out of china. does that, do you believe that data point and does it indicate that china's economy is starting to crack? >> well, thanks for having me, sue. i saw the data point. i do believe that that is somewhat influenced by the lunar new year holiday that fell during that period of time. that being said, i also since i'm here now, am seeing a very tight squeeze on middle market type companies, factory owners who export. they have weak demand for an extended period now from both europe and the united states. they have inflation on raw materials due to appreciation of the r & d over the last

exports? is it the economies in the countries that are importing the stuff? or is it china deciding on how much it's exporting? >> it's interest, joe. of course how much physical goods is exported are controlled by how much people want to buy abroad. and in that case, you think this number would tell you the rest of the world is collapsing, which it's not. imports in china grew 10%. these numbers are year-over-year numbers. the february export number fell by about half from the january number. big, big changes. the problem here is that the rmb is not convertible. that means for most businesses and people in china, it's not legal to own foreign currencies. what that means is, if you want to get money in or out of china, foreign assets, you have to find another way to do it. the other way to do it is over and under invoicing exports. it's an old game but it's been going on big time. let me tell you how it works. if i want to get money into china, i will -- i'm a chinese exporter, i will take my exports for $100 and i'll bill it for $200. my customer pays me the 200. 100 for m

people are confused. >> i mentioned that china had a lot to do with it. exportsnot mistaken. analysts were expecting an increase. the csi is down to its lowest level in five years. the story in china, for chinese stocks, has been the opposite of what we have seen in the u.s. over the past five years. this drives the point home. this is a five-year low. dropping after one of its planes disappeared. this is just unbelievable. the 239 passengers and crew. we know the story. or in a malaysia airlines flight to beijing three days ago -- they said they would inspect the wings on the 787. they have multiple issues, and it has got investors worried. euro copter,it the but this is made right here in the good old u.s. of a. ♪ >> live from bloomberg headquarters in new york, this is market makers, with erik schatzker and stephanie ruhle. >> you are watching "market makers." american manufacturing is back. that is what a lot of companies want you to believe. up to companies that live the claim, choosing to manufacture on u.s. soil. euro copter is coming to mississippi. >> i

china is the biggest export market for both countries so growth is absolutely crucial. t there is a slowdown. he said that china has "great " and that isd room stimulus. the economy is expected to grow 2% this year. they came up with the biggest surplus since 2011. australia, mining is the great growth engine and very dependent on chinese demand. rising rate is another reason. with manyets tomorrow economists forecasting the 2.5% rate. the trend is for rising rates. new zealand has party begun raising rates, leaving australia behind. upward -- thest first of developed economies to tighten. of any oferformance the g-10 economies, the aussies are not far behind with almost 4%. the aussie wins with a gain of 10% on january 24. for exporters, this is a big worry. something both prime ministers have warned about. some see the kiwi strengthening even more. >> rallying quite steadily, especially the aussie-p we -- aussie-kiwi cross. now we see the kiwi against the dollar begin to break the 87 level. then we see it rally up to the historical high. the aussie and the kiwi are fig

that's to say that china exports a lot more to frauds and prawns does to china. and it will protest to do this is the big challenge for us now is to get into new sectors nor does this traditional ones where it already has a presence in china such as aviation. pool the passivity and you create energy. but the new sectors such as financial services health actor in business and some of these things were mentioned that this evening also a bottle as fronts to spin the long way to get the kids too long ago. today just a quick question for you are men who remember two thousand eight when it was the olympic flame it came to paris and is huge protests the chinese were upset that was over tibet they still remember. well it apparently no opinion piece that wasn't mentioned that two lb on a a boy a boy the two presidents here at bay was singing from the same hanging in the seat of at least in when they came in to that press conference is now the onslaught on making very much at milking if you will china's abstention in the u n security council on the question of crimea the f

china? these in the unexpected lunches exports? >> china gold stocks are very high.l through june last year. asthe stocks are as high they are, i cannot see it repeating. the normalization of monetary policy is not going to shake at any time soon. >> thank you so much. can hoffman at princeton university. think of her join us. we are on the markets once again in 30 minutes. "market makers" is up next. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> phone fight. at&t and t-mobile are in a price war. you could be the old met winner. >> tarnished legacy? from poor returns to a public this with his former ceo, is taken a serious beating. >> website on the fast track. the owner of cars.com wants

more worries about the state of the chinese economy as exports fell by the most since the financial crisis. let's ring in our chinaspondent who can break down the numbers. e to ach of this was du drop-off in seasonal factors? >> absolutely. seasonal factors are very much at plaisance exports do tend to drop off in february the cousin newhe lunar new york -- a year holiday. it started in late january. laster it was in the middle of february. . this year you had people trying to export as much as possible in january. when they come out of the holiday, the import quickly. there are these distortions. last year we had all of the fake invoicing that inflated numbers last year. it made it even harder to assess the true picture. always difficult at this time of year. this was a sharp drop off. exports falling 80.1% from a year ago. 7.5%.dian was if you combine january and february, exports, it fell 1.6%. that is the most for that period since 2009. the most in five years. 2009, iny and february the beginning stages of the global financial crisis, is when growth really slim down to the 6% range. but as with the exports fe

china with export numbers that were atrocious. japan had lower gdp but china story really weighed.are tough to pinpoint but this falling ahead of results. >> aeropostale coming out tomorrow. analysts are following it ant looking at weak winter trend. they're tracking below estimates. aeropostale dropped 5 1/2%. david: ubs giving facebook an upgrade. if you hold facebook stock you love the upgrade. >> and love the $99 price target. hit a record high, over 72 bucks. they love it. thinking about their partnerships and prying strategy and still give it a buy. liz: biotech actually looked great today. >> biotech has been so hot this year. today was no different. [closing bell ringing] names like alexion and amgen. david: bells are ringing on wall street. you think what happened at the beginning of the day. liz, going, ain't they cute, all the girl scots. we've been attacked by those people all over the place. you can't go to a parking lot without girl scouts trying to get you to buy their cookies. a lot of people ended up buying stocks. speaking of buying. started out with the bad news

from german to europe with exports to china, the chinese exports are quitemall. effect it would have an to the supply chain, but i don't stimulateould recovered completely. spain ise a lot of -- slowly getting better. other any opportunities in the periphery countries? >> absolutely. as we go for value. go for the banks, for example. go for the regional champion banks very >> before or after the hr? >> after would be better. that is going to cause some kitchen sinking in this reporting season, probably. there is very important. but still, in terms of your upside on the moment, there and japan are the two key plays. >> to run it off, would you take on the emerging markets? is physically thinking about these big european companies that are so dependent on the emerging forets, like dannon example. i would go for the ones which have european exposure. go with ones with export to europe. >> ramming the keys are there with the ubs investment bank -- nakisa there with the ubs investment bank. stay tuned for much much more. ♪ >> jonathan ferro has more. this is a hu

china. biggest drop in exports in 4 1/2 years in china. biggest trade deficit, a trade deficit. thought in china you have a trade deficit? year expo they're exporting like crazy. the problem is slower china growth. if you take china out of it, global growth becomes a lot harder. that impacts stock valuations. that's why we're seeing -- >> and the german stock market is suffering right now as well and that's the growth engine for europe. >> dax is down 3% in the last two days. you can see this affect on exchange traded funds. all the commodity countries, peru, south africa, china, australia, all the etfs associated with that were weak today because those are the countries that are heavy producers of commodities. iron ore is down big, copper is down 6% in two days. that's an enormous move for copper. all this is on the global growth story. people keep writing me, all this is on china export? but it impacts the way we view stock valuations worldwide. that's the key story. >> thanks, bob. >> okay. >> see you later. so we're going out with minor declines here for the major averages.

china, asian markets tumbled as export data disappointed. ut front and vocal on the china slowdown. our guest post is richard haass. we suggest a more vocal and confident china. it is wonderful that both of you here on the china watch. why were you right in the optimists wrong? >> we have the data. they were jumping around and drawing conclusions. >> the late winner is michael leavy. by all means necessary, whatever it takes with china, what will the government do for a smaller economy. ? .> they have been seeing growth people need to be looking at the credit picture. this will tell the story in china. it will tell if they are rebounding or if growth is on the way. it is broken right now. look at how china's resources are changing the world by all means necessary. >> coming out of the council for foreign relations, another book that caught my eye is orton chang's book. he said there is no way to have seven and a half percent growth when utility consumption is only up about one and one half percent. what is the growth? away from the number. yo

he pointed out that eighty per cent of korea's exports to china are half finished goods which are exported again to other nations. khan however said china's slowing growth and become a risk to the global economy as they could negatively impact financial markets he said the government would continue to look out for external shocks. regarding the free trade agreement talks with china icahn said he sees no major obstacles ahead especially with the leaders of the two nations having agreed to finalize tree tops by the end of this year depression had with the government's plan to ease regulations and pledged to make clear that affects of cutting down on red meat. we will make the results that you really should so that people make their own decisions on the government's plan khan also cited the importance of looking for creative ways to streamline regulations so that the government's drive to bolster corporate investment in the regulation gets up for their boots i mean. yes largest automaker turn the motor has pulled the curtain back on its new sonata model to fully re model sedan is expected thr

that's because while china imports a lot of stuff especially commodities, it exports even more stuff. it's a great big cog in the global trade engine, but it's just not consumer-driven economy. consumption in china is less than half of its total gdp. in the u.s. it's 83%. >> when china slows it hurts the rest of the emerging markets, hurts the commodity exporting countries and the u.s. feels that in terms of its export prospects. >> but that hit is cushioned somewhat by lower prices. >> in the event that china's weaker, you would see lower oil and gasoline prices but more broadly anything that's manufactured is going to be having some content in china and other emerging market economies. and you could see that reflected fairly broadly in the goods sector. >> reporter: this charts shows a strong connection between chinese export prices and prices paid by u.s. consumers. over the past several years declining chinese export prices have kept a lid on u.s. consumer prices. while a china slowdown worries some u.s. investors and companies with business takes in its economy, it would come wit

. >> what happened overnight was that china announced exports. they were lousy.estimated forecast had been up seven point five percent. it was down 18.5%. that is the worst since 2009. as we talked about that this morning with people like richard on the council of foreign relations, i asked if there is a problem with the numbers. he said yes, there is. china is not growing 7.5%, that is the issue. it begs the question what exposure u.s. investors might have to china that they do not realize. i ran a test of the s&p 1500 and found 8 stocks. theirave at least 50% of sales in china. people did not realize that. you think you are buying a u.s. company and you're not. make sure you know where the sales are being built. and whether production is in china or not. there is a problem in china. >> of course, the problem is deeper than that. it is not just about companies that get a lot of sales in china. they might be dependent on if there is a ripple effect. if the chinese economy weakens more than people expect. >> you have spoken with gordon chang, author with the book

we are making movies here in china for china, for export to the rest of the world.order for it to be export, it needs to be of the highest quality. this is within less than a handful of years, going to be the number one movie market in the world. we think it is a great center for us to attract great artists here in china. we think it can be a world-class competitive studio. >> i have spoken to some beijing 3d conversion houses pitching to hollywood studios. they say they could do the job for about 1/10 of what hollywood can do. are you seeing that? >> no, ours is a very unique, a very high-end type of artist. it takes a tremendous amount of training, many years. the sophistication and knowledge in order to be able to animate using state-of-the-art tools that we have, there is nothing inexpensive about it. it is not really a big cost differential between here and there. >> what kind of revenue can you generate in the next 5, 10 years, as you roll it out? total investment of $3 billion. >> this is a very large real estate development, much more than an animation studi

. >>> i didn't understand the china story, but they are looking for up exports and said the lunar moon made forecasting difficult for whatever reason. we'll look at markets and worries about china's economic growth that hit the asian markets overnight. chinese exports as i just said fell unexpectedly in february adding to fears of a slowdown. the markets in the region and the nikkei as you can see there falling sharply. there are concerns about china and the situation in ukraine pushing the markets lower across some parts of europe, but they are rebounding in the ftse and the cac now up, although germany's dax is down. u.s. futures at this hour indicated down 12. i don't see this piece anywhere but the financial times, but seth carmen in a letter to clients kind of -- not very positive here. >> concerns about the -- >> just tesla and netflix. any year in which the s&p 500 jumps 32% and the nasdaq goes up 40% with corporate earnings barely increasing should be a cause for concern. >> seth carmen is somebody people pay attention to. someone warren buffett cited to look to him. >> using t

. >> we are making movies here in china for china, for export to the rest of the world. in order for it to be exported, it needs to be of the highest quality. within less than a handful of years going to be the number one movie market in the world. we think it is a great center for us to attract great artists in china and we think it can be a world-class competitive studio. >> the project is expected to finish in 2017. we got new pictures of the up dated design for the facebook new campus in palo alto. it is being designed by a famous architect who was asked to create a more subtle campus. 400campus is more than 35,000 square feet and will feature tree-lined pathways and tunnels. office also feature an building with a giant open office space that can fit 2800 employees. we've got a very special show today. we have a very, very special who has an-- incredibly impassive bio., andcofounder of paypal board member of yelp and there's more -- founder and president of hbs. >> that's a long link in page. >> how do you keep track of it all? >> um - justnk it's primarily massively

but it seems like most of the people who are on the hook in china's default -- >> but what about export/import activity. >> so that -- jpmorgan did a big study on the conduit of china. he found a very limited effect on the developing nations from a china slowdown. he said a 1% shock is equal to about -- >> that i agree, but what about that affecting economies and that in turn effects -- >> it's not really direct because china says stuff in and sends stuff out. it's not really a consumer ending place. >> when you say -- >> and you have, by the way, yau setting effect in terms of lower prices. a china slowdown means lower commodities. >> we're not going to hear about china, we're not going to hear about the ukraine and russia? that i imagine they won't talk about. but they could talk about china, right? >> i highly doubt it would appear in the statement at this point. you had a risk of financial consageon, getting into the statement is a big deal. getting into the statement means there's consensus of 15 or 16 people out there that agree that it's a problem. we're a long way from that with

. >> there's limitations on [ male announr ] how can power consumption in china, impact wool exportsrom new zealand, textile poduction in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat thei10-year lipper avere. t. rowe price. inest with confidence. request a prospectus or summary prospectu with investment informion, risks, fees and expenses to read and considecarefully beforinvesting. john: have you ever been accused of a crime? at least if you're in america, the law says you're in a win unless proven guilty. we can't lock you up or confiscate your stuff unless you are convicted. good. but some government bullies found a way around knobloch area for example, suppose you don't trust banks. if you have a lot of cash to keep in your car. >> caring too much cash, please can accuse you of selling drugs are laundering money. you lisa berman have discovered this is how they can raise money >> from flatscreen tvs over 20 votes, you name it, they got it.

china had become a very important export market for a lot of countries and companies. i think they will begin to feel the slow impact in the quarters of the slowdown that china is going through. >> what is your take on russia and ukraine? could this develop into something a lot nastier? ita lot of people are saying can. nobody wants to have a full out conflict. in that sense, the extreme outcome is off the table. it is a question of increasing sanctions until they begin to bite. in terms of the market if they arenly turned off in the europe, then we have a discussion taking place. >> when you look at the global economy, you are confident but you see risk. you are confident about global growth with risks. >> correct. the global economy is on the mend. but it isspectacular, not bad. on top of that, i think we got very accommodative policies that have kept the risk markets stable. as we go through the year, expect the volatility to keep rising because of where we have come from in the past two years. markets and the other risk markets have had such a big run and they are n

the biggest market for exports, china, germany and great britain and u.s. earn europe. given the appetite for sport utility vehicles, could bmw some day built a half million vehicles every day in spartanburg? >> it's not impossible. at least we have the space to expand the plant to further grow. >> reporter: while bmw trails mercedes in luxury sales in the u.s., it did sell more than 3,000 vehicles last year and the new x 4 is expected to boost the total. the x 4 rolls into showrooms in the middle of this year and while bmw has yet to announce a starting price, most believe it will start around $45,000. >> that will do it for "nightly business report" for tonight. i'm tyler mathisen, thanks for watching. >> i'm susie gharib. have a great evening. tyler and i will see you back here tomorrow. >>> "nightly business report" has been brought to you in part by. >> thestreet.com, founded by jim cramer, thestreet.com is an independent source for stock market analysis. cramer's action alerts plus is home to his multi million dollar portfolio. you can learn more thestreet.com/nbr

see you then. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses secede from ukraine. the th >>> fireworks explode and jubilant crowds wave russian flags after the crimea votes. good evening. i'm brian hackney. >>> the vote comes just two weeks afrussian troops seized the crimeaen peninsula. the vote was widely condemned by western leaders. [ cheers ] >> reporter: the crowds cheered. the russian flags waved. crimea voted to succeed from the russia and become a part of -- from the ukraine and become part of russia. the vote is taking place three weeks after taken by

it's a gamble that will unleash market forces transforming china from a trade fuelled by exports to one hinging on the consumer. china has grown as it reengineers its economy. all the challenges detailed in a report by political risk firm urasha group, washing with multinational corporations and government agencies. i asked its president, ian bremer, whether this is the beginning of the end of china's growth spurt. >> we are seeing the end of the period of state-fixed investment in infrastructure driving the growth. there's real economic reform happening. it's transforming that society towards being focussed on consumption. it is important to do. it's critical if they want to become an advanced economy, but it's dangerous, because it means taking money away from inefficient state and enterprise, taking control away of the financial sector, allowing bankruptcy, meaning powerful people are losers. and that meanings president jiangxi may have pushback. there'll be risk in the kind of reforms we have not seen in deck outside. >> is there a cost if china's economy goes down, maybe they'll bu