gas and a grip on the european rupertion company, murdoch's son, james murdoch, is the inner parent -- heir apparent. slowed in theery fourth quarter as terrorist attacks kept tourists away. gdp in france moved .2% in the

james murdoch will be the new chairman of sky. chiefpped aside as sky's executive four years ago after a hacking scandal that tainted the family name in the u.k. does this cement his status as the heir apparent of his father's vast media empire? >> surely it does. group.part of a larger previously inet the consolidated businesses, he had a 57 point stake. they are already experienced about this business and a long-term investor. they are more likely to expand this empire. that's how i see it. there could be some minority opposition coming from shareholders. is of the best corporate governance practice? a globallt of having -- i think it will help sky. and he will be the chief executive at 21st century fox which leads to the obvious question, when will 20th century stake tryowns a 39% to gobble up the rest? >> it's difficult to get timing about this. sky high as a resilient platform. markets will be reacting positively. that is how i see it. the landscape continues to change quite rapidly in the pay-tv world in europe. netflix just

james murdoch is back at the helm of sky as chairman. we'll also check out the broadcaster's latest eninarning. plus, the show must go on. republican candidates revelled in taking pot shots at front runner donald trump, who decided to boycott the event with ted cruz leading the charge. >> let me say, i'm a maniac, and everyone on this stage is stupid, fat, and ugly. and ben, you're a terrible surgeon. now that we've gotten the donald trump portion out of the way -- >>> hi, everybody. welcome back to "street signs." this is nancy. i'm louisa. shares moving higher after posting its first profit in five years. the troubled lender brought forward its release by a week to reassure investors about its liquidity position. separately, the o has told an italian paper that a merger with ubi would make sense, but he also added no m&a options are on the table right now. bank of sabadell shares also trading higher after 2015 profits and net interest income beat forecasts. fourth quarter earnings were lifted by the purchase of u.k. lender tsb banking

james murdoch becoming chairman. boosting the family control of sky. murdoch, his father. we are also seeing martin gilbert becoming deputy chairman. all changes at sky. guy: is mr. murdock senior act hunting again for a possible takeover of sky? that is a question that could impact the stoxx later on. let's bring back alexander dryden. i want to get a quick take -- we are minutes away from the open. european equities on the front foot this morning. stocks being driven by what is happening in tokyo. give us a sense of where we are now. we have seen an incredible selloff. do we see further falls. the bears are making all kinds of cases that this is not done yet. alexander: what you have seen in the last couple of days is stock market gaining a little bit of the confusion that they have lost. you have yourself a bit of upwards movement in the stock market. i do think there are still some risks, but it is washed out. valuations have come down significantly. i think that is starting to be enough to get a few people back in the marketplace. you should start

james murdoch will take over as chairman of britain's subscription sky tv. a lot of reaction to this in the u.k. rupert murdoch brought back rebecca brooks, who was caught up in the scandal. she's ceo again. by bringing back james murdoch, people saying, look, the dust settled and he's bringing them straight back and it's just like it was before. a bit of reaction in the u.k. on that. >> a bit of a recovery. and here is the one of the day. a new perfume that promises to help you lose weight. it's called the prends moi perfume. it has apparently, quote, feel-good chemicals, which trigger a relaes ease of endorp and less emotional eating. it is sold out. if you look this up and read the article -- >> sold out. have you just been trying to buy some? >> no, i was trying to look at the scientific explanation. it's that idea it makes you feel good. >> i think it's the most absurd thing i've heard all morning. even in light of the surprise interest rate cut from the bank of japan. this is even more surprising. breaking news on the central bank front, a different on

james murdoch is back. 's returning as chairman of sky, four years after a high-profile hacking scandal drove him out of the pay-tv company. last year, james replaced rupert murdoch as ceo of 21st century fox, which owns 39% of sky. coming up, sick of all those wires tangling up your iphone? it sounds like tim cook is too. what he plans to do about it, next. ♪ emily: u.s. stocks close out january with a day of gains after the worst start to the year since 2009. ramy inocencio has the wrap of new york. ramy: for the week it was a nailbiter. in the last 15 minutes of the trade, closing well above 4600. the s&p and dow also ended at session highs, the dow seeing its best day since september. bankshares were to thank for the rally. big names saw some big gains, microsoft's second-quarter profit beat estimates on growing business in the cloud, with azure and office 365. the ceo says more than 70% of fortune 500 companies now use at least two microsoft cloud services. but amazon fell because of rising spending cos

sky has announced that james murdoch should return as their ceo.'sas -- up 12% at the same time that last year. mesa -- and gamesa -- according to spain's -- the german engineering group held talks. that is your bloomberg business flash. guy: it is been a successful week for iran's rouhani. he sent off deals worth $33 billion in paris. connan is inroline paris. yes, planes, cars, luxury products. these are all of the shopping list of rouhani during his visit in paris. parisrst deal signed in yesterday morning. it is an old brand in iran. iran was there second-biggest before they france left the company in 2012. than $400 million. continuing to produce some cars under the -- during the sections. they were older models. i spoke to the ceo who told me it was a difficult agreement to be signed. cooks sold more than $350 million--what some more than threads 50 million cars and iran so it was quite significant. towill allow us to move up 300,000 vehicles here it -- up to 300,000 vehicles. know you like i your planes. airbus was the biggest contract signi

and james murdoch is returning as chairman of sky, tightening the murdoch clan's grip on the pay television replacing nicholas ferguson. this move is yet another signal that james murdoch is the heir apparent at his father's media empire. this has been your global business report. for more stories, visit bloomberg.com. let's go to abigail doolittle, live from the nasdaq, where she is checking out apple. tell us what you see. bigail: we're looking at 2 tech stocks, taylor two cities in technology, amazon and microsoft. shares of amazon are down after the e-commerce giant missed estimates and failed to offer an inspiring look at 2016. even so, street analysts love this name on the potential for big growth from both e-commerce and the amazon web services unit. bear, merrill, deutsche bank are all saying to buy the date. it has notoriously traded higher on potential for growth. it did fall below the 50-day moving average significantly. the last time this happened, in 2011 and 2014 from the stocks fell all in. ,ow turning to the bul casel microsoft shares are up nicely after the company reported

jeff bezos's net wo james murdoch is to return as sky's new chairman.tin gilbert will be his deputy. the company reveals first half operating profit is 747 million pounds, up 12% on last year. sony has reported third quarter that beat analysts estimates. monthsllion in the three to the end of 2015. its playstation business helped offset slowing demand for chips for smartphone cameras. that is your business flash. francine: thank you so much. an european stocks rally. let's not forget the price of oil. we had a great interview that ryan chilcote did with the energy measure -- the energy minister of russia saying they are not looking at opec meetings for the moment. gaininge of oil, brent 3.75% but a little bit less, was, it think, less than it gaining couple minutes ago let's go back to our super panel. we were talking before the break about the irrationality or rationality of markets. the last two like weeks we have china turmoil, geopolitics -- all the fears we had last year. are the markets irrational? >> increasingly, yes. francine: is it liquidity?

gas and a grip on the european rupertion company, murdoch's son, james murdoch, is the inner parent -heir apparent. slowed in theery fourth quarter as terrorist attacks kept tourists away. gdp in france moved .2% in the final two months of 2015. meanwhile, spain maintained theth, .8%, unchanged from previous quarter. that is our bloomberg business. francine? francine: vonnie, it is interesting, looking at a growth that we saw in countries in europe, maybe a temporary reprieve, but now they have to deal with the doj. this is what i picked for my morning must-read, out of "bloomberg view." as the st. louis fed reports help simmons straight -- helps demonstrate -- withine: so we are back our panel, simon derrick and antonio garcia pascua. these markets have been pushed into taking more risk because of central bank action. when you look at negative rates, simon, the side effects can be pretty bad. simon: i would absolutely agree. you only have to look at quite specifically increasing volatility in financial markets. this intense focus that is created has put some remarkable days. the move

rupert murdoch elevated his two sons james and lock lan who have had kind of a difficult history with roger ailes, especially locklan murdoch. and a as i have reported roger ailes has sort of been less of a presence at fox news. he had an extended leave of absence after a health scare. and he has been basically trying to prove that he still has his hands firmly on the reigns. and so he is basically try tok show the murdoch family i'm firmly in control. donald trump might be a loose canon but i can put the lid back on it and i think that's another way, prism to look at this current controversy. >> rose: thank you, great to have you here. >> back in a moment, stay with us. is. >> harl charlie, the center of the political universe this week in america's heart larn, iowa. we have three guests uniquely able to talk about this state, the history of the caucuses, it's politics, the eck sen trissities of iowans that play such a huge role in the presidential election. they are michael gardner-- gart nr a national of des moines who became the editor of des moines register and the aims register

james cordon is so funthat thing with the car poole karaok we to that a little bit later. >> why? >> because, it now. >> because of issues like -- >> issues like -- >> yes. >> okay. >> we can get trupert murdoch okay to talk about? yay. okay. today. >> all right. let's take a look. on at least i can see that i tried >> i >> i am going to wear a wig and use me hairline and i can't work out if i should wear a wig-wig or wear a what i like is that you are coming to me with this advice. we could have had it all rolling in the rolling in the deep you had my heart and soul in your hand and you played it you played it to beat want to be in that car so bad. doesn't that look like a blast. and very, very few people sound terrific at karaoke, but she is. have been a surle, but did you know that rupert murdoch who is 84 and jerry hall is >> in the marriage and death page which seems perfect. >> and jeri hall jagger. >> and she has four children with mick jagger. >> yes. >> they have beur months. isn't that crazy. kids. miracles can happen, and abra was 90. good luck. >> all righty then. and time to talk about another topic that we love. the amandato talk about >> what happened? thisare so embarrassing a