the sport is now in the hands of new owners, the american company liberty media and chairman chase careyr the latest financial news with sally and world business report. re—writing history. what now for the countries in the trans—pacific partnership as president trump signs an executive order to withdraw the united states? chips ahoy! samsung's microchip business powers the company to a jump in profits despite galaxy note 7 disaster. welcome to world business report. i'm sally bundock. are you hungry? if you have no food to hand we'll make it worse as we'll take you to a true indian feast. that's injust a moment. iam i am told there is a business angle! but we can't start without talking about this. yes, he is my top story again! this is becoming a habit! i'm talking about us president trump. on day one in office he signed a slew of executive orders but the one grabbing all the headlines worldwide is his move to withdraw the us from the trans—pacific partnership. tpp as it's also known is the huge trade deal negotiated under mr trump's predesessor ba rack 0bama. it was a deal between 12

so some very serious players underneath chase carey, who himself, the chairman, has been a long—term tunisia have both qualified for the quarter—finals of the africa cup of nations. the former, already guaranteed their place in the last eight, drew with algeria, which means one of the pre—tournament favourites are out without even winning a match. piers edwards reports from libreville, in gabon. here in libreville, tunisia raced into the africa cup of nations quarterfinals with a victory over zimbabwe. it looked to be a complex affair. senegal had already won it at any one of tunisia, zimbabwe or algeria could have gone through. the task, though, was easiest for tunisia, the only one of the challenge is to have actually won again. if they beat the zimbabweans in this stadium behind me they would book a place in the quarterfinals against burkina faso on saturday. and they swiftly did that, racing into a first half lead at half time, they led by three goals. in the day's began, senegal, who had looked that place against cameroon, they rested ten players for the match against algeria. 2

so some very serious players underneath chase carey, who himself, the chairman, has been a long—term the open era to reach the semi—finals of the australian open. the 36—year—old american has beaten anastasia pavlychenkova of russia in straight sets. it's a 50th career victory for venus at melbourne park, earning her a spot in the last four for the first time in 1a years. she'll play another american in the semis, coco vandeweghe, who's stunned the reigning french open champion. unseeded vandeweghe has beaten garbine muguruza, 6—4, 6—0. senegal and tunisia have both qualified for the quarter finals of football's africa cup of nations. senegal had already guaranteed their place in the last eight, but their draw with algeria knocks the north africans out. tunisia beat zimbbwe 4—2, as piers edwards reports from gabon. —— zimbabwe. here in libreville, tunisia raced into the africa cup of nations quarterfinals with a victory over zimbabwe. it looked to be a complex affair. senegal had already won it, but any one of tunisia, zimbabwe or algeria could have gone through. the task, though, wa

the new man in charge of formula one, chase carey, says the sport needs a fresh perspective after a0lestone‘s leadership. the 86—year—old has been given an advisory role following f1's 6.5 billion takeover by the american company liberty media. former team principal ross brawn returns to the sport as managing director, he thinks that ecclestone could have left a better legacy when it comes to running the sport. probably the frustration for me, if there is arnie, is he didn't for someone there is arnie, is he didn't for someone into the sport. i think that would have been fantastic. that would have been fantastic. that would have been his crowning glory to bring people into the sport and handover sit back and feel that is his final achievement. handover sit back and feel that is his finalachievement. he handover sit back and feel that is his final achievement. he never had an inclination to do that do that. that would have been a nice end to his career in formula 1. the former olympic champion nicole cooke has strongly criticised british cycling, uk anti—doping and also uk sport. she

some serious players underneath chase carey, the chairman, who himself has been a long—term tenant ofoch. it will be interesting to see how this one goes. thank you. double 0lympic this one goes. thank you. double olympic champion nicola adams has announced she is to turn professional, the 3a—year—old will make a professional debut at the manchester arena on april eight before another bout in her home city of leeds on may 13. she was the first woman to become an olympic boxing champion at london 2012 and defended her flyweight title at rio last summer. i have to create my own team, i'm excited that we are all working together to achieve this goal which is to make me a champion and take women's boxing to the next level. the family of ryan mason have thanked well—wishers for the support after a dramatic 2a hours, the whole city midfielder had surgery after sustaining a fractured skull at sta mford sustaining a fractured skull at stamford bridge on sunday. he was injured ina stamford bridge on sunday. he was injured in a clash of heads with chelsea defender gary cahill during yesterday's

the new man in charge of formula one, chase carey, says bernie eccelstone wasn't happy about being forcedllowing liberty media's eight billion dollar takeover, he left after a0 years running the sport. and his replacement, believes the time's right for for a fresh start. as our sports editor dan roan reports. commentator: there's bernie ecclestone, the tzar of formula one. he's been a driving force like no other. having ruled formula one with an iron grip for decades, bernie ecclestone transformed it into a global, commercial phenomenon. commentator: oh, my goodness, this is fantastic! at times it seemed as if he'd go on forever, but with a multi—billion pound american takeover came a sudden change in direction. and today, f1's new boss told me why it was the end of the road for the man he's replaced. i would expect this is difficult for bernie, it is a big change for him. i mean, he's run the sport. he's run the sport as a one man — he calls himself a dictator — he's run it as a one man dictatorfor a long time. i think the sport needs a fresh perspective. from second hand car salesman, t

the new man in charge of formula one, chase carey, says the sport needs a fresh persepctive after 40ie ecclestone's leadership. the 86 year old has been given an edvsiory role after fi‘s 6 and half billion takeover by the american company liberty media. former team principal ross brawn returns to the sport as managing director. he thinks bernie ecclestone could've left a better legacy when it comes to running formula i. left a better legacy when it comes to running formula 1. the frustration for me if there is anything with bernie ecclestone is he did not meant for someone into the sport. i think that would would have been fantastic and its crowning glory to bring some people into the sport and handover and then sit back and feel that has been his final achievement. but he never had an inclination to do that. that would have been a nice end to his career in formula 1. we all know bernie did an amazing job but had a focus on what he thought the role of manager was. i would like to broaden that because i feel we need to be proactive in trying to improve the sport. at the moment we have

he‘s been replaced by chase carey.als in the professional ranks to achieve. becoming a world champion and european champion. so many goals to achieve in the professional ranks. james haskell‘s hopes of playing in england‘s six nations opener against france have been dealt a blow. he‘s notjoined the squad at their training camp in portugal, despite making his comeback in wasps‘ champions cup win at zebre on sunday. he had been out for six months with a foot injury. england play france on february fourth. not too long now. the wales back row sam warburton says not being national captain will help make him a hungrier player. warburton led wales for nearly six years but has handed the armband over to alun wyn jones. the cardiff blues player‘s in the squad for wales‘ opening game against italy but knows he‘s got competition for his place in the side. i want to have those nerves whether ido i want to have those nerves whether i do not know if i am in the starting 15 because that is what drives me every day. you are training

chase carey said bernie ecclestone had run the sport like a dictator.evealed that she is intersex. hanne gaby odiele says that she hopes speaking out will help break a taboo. intersex people are born with a mixture of male and female characteristics. the condition affects up to 1.7% of the population. that story is popular on bbc.com. let's take a look at some front pages from around asia, and there is a lot of reaction to donald trump's order to withdraw the us from a massive transpacific trade deal. the japan times says tokyo will not seek an alternative treaty, but instead will try to get president trump back on board. the picture on the front page shows mr trump holding up the document that marks the end of the us participation in the tpp deal. here in singapore, the straits times signals a completely different approach. it says the city will keep pursuing other free trade initiatives, including a possible implementation of the tpp, with or without america. china daily reports on beijing's reaction to comments by the white house press secretary, who

but, he has been accused by his successor, chase carey, of running the sport like it one—man dictatoro us top of formula 1 has been talking to us about the future of the sport. there is bernie ecclestone, the czar of formula 1. he has been a driving force like no other. having root of formula 1 with an iron grip for decades, bernie ecclestone transformed into a global commercial phenomenon on. this is fantastic. at times it seemed as if he would go on for ever but with a multi—billion—dollar american ta keover multi—billion—dollar american takeover came a sudden change in direction. the new f1 boss said it is the end of the road for the man he has replaced. i expect this is difficult for bernie, he has run the sport as a one—man, he calls himself a dictator, he has run it as a one—man dictator for a long a dictator, he has run it as a one—man dictatorfor a long time. i think the sport needs a fresh perspective. from second-hand car salesman to the martial rights holder, the rise of ecclestone was remarkable. the 86—year—old's deal making skills quite powerful friends and billions in t

he is called chase carey. uld be replacing this month, bernie ecclestone, who ran the sport for a0 years. today, mr chase announced the sport needs to be changed fundamentally. here he is sitting down with bbc sport editor dan rowan. bernie is a one—man team, it is not an organisation capable, the red organisation capable, the red organisation for a two—day's word to follow through and build relationships, both the opportunities for us. on this port side, the decision—making has not been as effective as it needs to be. i think some of the organisation that has been put up to guide the sport, if not work as planned. it is a great sport, but clearly it can be improved. i think we do plan to improved. i think we do plan to improve it. it needs a fresh start. i don't know whether the decision—making is not what it should be because there is too much history amongst the players. one of the benefits we bring is a fresh start. we don't have an agenda other than to make the support group for its fans. if you are into s

he‘s been replaced by new boss chase carey, who has been talking to our sports editor, dan roan, about. having ruled formula one with an iron gripfor having ruled formula one with an iron grip for decades, bernie ecclestone transformed it into a global, commercial phenomenon. 0h, my gadness, this is fantastic. at times it seemed as if he would go on forever. with a multi—billion pound american takeover came a sudden change in direction. today, f1‘s new boss told me it was the end of the road for the man he replaced. boss told me it was the end of the road for the man he replacedlj would road for the man he replaced.” would expect it‘s difficult for bernie. it‘s a big change for him. he calls himself a dictator. he ran it as he calls himself a dictator. he ran itasa he calls himself a dictator. he ran it as a one man dictator for he calls himself a dictator. he ran it as a one man dictatorfor a long time. i think the sport needs a fresh perspective. from second hand car salesman to team owner and f1‘s all powerful commercial rightses holder his rise is unique. the 86—year—olds deal maki

transformed the sport into a billion—pound global business, was replaced as chief executive last night by chase careymmentator: there's bernie ecclestone, the tzar of formula one. he's been a driving force like no other. having ruled formula one with an iron grip for decades, bernie ecclestone transformed it into a global, commercial phenomenon. commentator: oh, my goodness, this is fantastic! at times it seemed as if he'd go on forever, but with a multi—billion pound american takeover came a sudden change in direction. and today, f1's new boss told me why it was the end of the road for the man he's replaced. i would expect this is difficult for bernie, it is a big change for him. i mean, he's run the sport. he's run the sport as a one—man — he calls himself a dictator — he's run it as a one—man dictatorfor a long time. i think the sport needs a fresh perspective. from second hand car salesman, to team owner and then commercial rights holder, ecclestone's rise was remarkable. the 86—year—old's deal—making skills brought him famous friends, powerful contacts and billions in the bank. there was also co

been fi's chief executive for a0 years, but the new owners have replaced him with the american, chase carey. he said he is proud of the business he built. the prime minister presided over a cabinet meeting today in the north—west of england, near warrington, and announced her industrial strategy for britain after brexit. theresa may set out the details of how ministers will take a more interventionist approach by creating new technology colleges — extending specialist maths schools, and spending £170 million creating new institutes of technology. our business editor, simonjack, has more details. growing an economy for the 21st—century. this biotech firm is trying to increase crop yields, reduce fertiliser use and provide high—paying jobs. most conservative governments have preferred a hands—off approach to business. not this government. what this is about is creating the right conditions for the future economy for the uk. as we leave the european union i'm ambitious for the opportunities available to us, building a truly global britain. but we need to ensure that our economy is working for

we will also be joined by chase carey, the formula one ceo.ey'll be doing that, shaking things up. and mario gabelli will be joining us to talk about what he sees what stocks he likes in this new world with the new administration. it's all coming up in a few minutes. we'll see you at the top of the hour. >> see you then. becky quick in new york with "squawk box" in about ten. >>> coming up, the dow coming off its sixth negative session in the last seven. we'll talk about the key market drivers from here. darrell cronk will join us. stay tuned. you're watching "worldwide exchange" on cnbc. la thivar la ve edn n tn. thivar >>> welcome back to "worldwide exchange." futures this morning indicating a slightly higher open. the s&p futures up by 3 points. the dow jones indicated to open up by 20, 21 points. the nasdaq looking to open up by 6 points. joining us is darrell cronk. darrell, the idea of seeing six marginally down days for the dow in the last seven is giving at least some investors a moment of pause. what are your clients talking about and

he is being replaced as ceo by former 21st century fox chase carey.ll become chairman americas. the change comes as liberty media completes its takeover of f1 which it bought last year for $4.4 billion. that is your bloomberg business flash. manus: thank you very much. sap has just reported its fourth-quarter earnings. joins us now for an exclusive interview from headquarters. great to see you as always. you are optimistic. i like it. 2020re hiking the estimates. your glass must be more than half full. where is the extra land of plenty for sap. tell me about your bright spots to get you to the 2020 targets. much, manus.very we are happy to have overachieved our 2016 increased guidance while raising our 2020 targets. we have the de facto standard in memory platform. . reinvented cloud is growing fast. and the business network assets are growing fast. we are clicking on all cylinders now. manus: and the market -- you grown your customer base. >> what is interesting about this is that you are right about the 5400 customers but we doubled it. and we conti

the new man in charge of formula one, chase carey, says the sport needs a fresh perspective after a0erspective after a0 years of bernie ecclestone's leadership. the 86—year—old has been given an advisory role following fi's 6. 5 given an advisory role following fi's 6.5 billion given an advisory role following fi's 6. 5 billion takeover by the american company. ross brawn thinks ecclestone could have left a better legacy. the problem for me is that bernie didn't mentor someone into the sport. that would have been fantastic. that would have been his crowning glory to bring people into the sport and hand over and sit back and feel that's his final achievement. but he never had an inclination to do that. that would have been a nice end to his career in formula one. the former olympic champion nicole cook has strongly criticised british cycling, uk anti—doping and uk sport. she says cycling is run by men, for men and attempts to stop doping are inadequate and ineffective. she made the claims to a culture, media & sport select committee earlier today, which was held to discuss issues rais

believe the sport can promote itself better, especially on social media, and so they put a new man, chase careybernie, it's a big change for him, he's run the sport, he's run the sport as a one—man... he calls himself a dictator, he's run it as a one—man dictatorfor a long time. i think the sport needs a fresh perspective. tough and uncompromising, ecclestone's business brain brought him famous friends and huge personal fortune, but it's also brought controversy. off the track, he had to settle a bribery case in germany, while on it his decisions have raised eyebrows — taking races to countries like bahrain, with questionable human rights records, tinkering with the rules, and skewing prize money towards the big teams. after so long in power, many feel a change in direction is overdue. i think the most important thing is getting back to the basics of outright racing, engaging with the fans, engaging with the public, and perhaps de—complicating the cars a little, and going back to man and machine being at the absolutely limit. ecclestone will still have an advisory role, but a man so used to bei

believe the sport can promote itself better, especially on social media, and so they put a new man, chase careyhe's run the sport, he's run the sport as a one—man... he calls himself a dictator, he's run it as a one—man dictatorfor a long time. i think the sport needs a fresh perspective. tough and uncompromising, ecclestone's business brain brought him famous friends and huge personal fortune, but it's also brought controversy. off the track, he had to settle a bribery case in germany, while on it his decisions have raised eyebrows — taking races to countries like bahrain, with questionable human rights records, tinkering with the rules, and skewing prize money towards the big teams. after so long in power, many feel a change in direction is overdue. i think the most important thing is getting back to the basics of outright racing, engaging with the fans, engaging with the public, and perhaps de—complicating the cars a little, and going back to man and machine being at the absolutely limit. ecclestone will still have an advisory role, but a man so used to being the puppet master is no longer p

chase carey, the new chief executive, has appointed the former supremo as a chairman and merit is, andard, but bernie ecclestone says he has no idea what the title means and insists he was forced out. some of the tennis old guard enjoying a renaissance at the australian open. yes, venus williams has booked a place in the semifinals, for the first time in1a place in the semifinals, for the first time in 1a years, remarkable, rolling back the years. she beat anastasia pavlyuchenkova in straight sets. venus has never won a title in melbourne before, next up for her is coco vandeweghe. jo—wilfried tsonga was beaten by stan wawrinka in straight sets. roger federer is in quarterfinal action today, up against the man who knocked out andy murray, misha zverev. murray is likely not to play in great britain's davis cup tie next week against canada, that news just in this morning. the six nations cakes off next month, a big name missing from the england team. flankerjames haskell has not travelled with the squad to portugal, he could miss the opener against france in february. he has spent the la

chase carey was on. he's a terrific add. then you have content and connectivity.re somewhat u.s. centric. >> let me ask you about viacomm. cbs deal didn't get done. aren't they enormously vulnerab vulnerable? one big distributor goes, they could drop a quarter. >> absolutely. you've got it down in terms of why the stock is at 38 and not at 65. greg, let's cut a deal. there's 400 million shares, the stock is 16 billion. you have 11 billion of debt. you're paying $27 billion. what do you get, you get paramount that can earn 250 million from their library, and they're losing money. they have got to fix it. >> have they not given away enough market share yet? >> it's terrible. you know that. so the question is you go back into the 1950s. how many movie companies were there and how many are there today? mgm is the only one that's not there that was at that time. >> six, now there's 5 1/2. >> you won't count the ones in bollywood and china. content is important for the connectivity. >> what's the solution there? is it fixing it? >> yeah, it's a fixer upper. greg is righ

long time formula one driver bernie ecclestone is being carey asby chase liberty media completes itsr of f1. theestone has been driving sport since the 1970's and will become chairman emeritus. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. shery: thank you. samsung is to buy back nearly $8 billion worth of shares after doubling quarterly profit. rosalind chin is watching this for us, the stock training .2%. what are they saying about this buyback? rosalind: it will take place in 3-4 stages. the first phase will start tomorrow, and they will buy 2.3 firston won in that phase, so this is part of a program unveiled in november. let's take a look at results today for the fourth quarter, net income more than doubling to just under 60 in dollars. -- it just under $6 billion. as you can see on the screen, the breakdown that we got today in terms of the divisions, semiconductors operating profit of $4.2 billion, $2.4 billion a year earlier, doing very well, global demand outstripping supply, and chip inventories a

chasing him. everyone loves him. >>> we have great "pop news" this morning. we'll start with the moo mariah carey mystery.her silence. after the performance during dick clark's rockin' -- i said glik. dick clark's new year's rockin' eve. wh the pop star is calling original host dick clark an incredible person who would never have let an artist go through that. she said the legendary personality would have been just as mortified as she felt during the set. a statement that some see as a slight toward ryan seacrest. the performance, she says, is not enough to stop her from taking on future live tv performances. this is not the last we have seen of her on live tv. however, she says lit make her less trusting of anyone outside of her own team. >> and maybe not back to new year's rockin' eve. >> safe bet. >>> next up. faith. and george michael has surged since the singer's recent passing. nielsen reporting that sales of his music has surged over 2600%. including a spike for wham. i loved them. in addition, three solo album and wham's second studio album. >> careless whispers, i could listen to that all day lon

chasing him. everyone loves him. he's the nicest guy in the world. >>> we have great "pop news" this morning. we'll start with the mariah carey mystery. you ready? she's finally breaking her silence. after the performance during glick -- dick clark's rockin' new -- i said glick. dick clark's new year's rockin' eve. why can't i say it, george? >> it's a mouthful. it's a mouthful. >> thank you. any way, the pop star is calling original host dick clark an incredible person who would never have let an artist go through that. she said the legendary personality would have been just as mortified as she felt during the set. a statement that some see as a slight toward the current host, ryan seacrest. the performance, she says, is not enough to stop her from taking on future live tv performances. this is not the last we have seen of her on live tv. however, she says it will make her less trusting of anyone outside of her own team. >> and maybe not back to new year's rockin' eve. >> and maybe not back to that show. i would say that's probably a pretty good bet. she has spoken. hopefully that's the end of it. >>> next up, faith. and george michael has surg