john micklethwait: they are not all rapidly intolerant.ople, as bret pointed out, who want to leave the european union, they have a sense of sovereignty, so they think europe is going in the wrong direction. they want to take back control of their lives again. >> there is this rise of populism, in some ways it is frighteningly similar to what happened in the 1920's and 30's -- 1930's. part in thehuge united states on a smaller scale, but in europe, the thick of the liberal democracy, parliamentary politics. they were looking for mark charismatic leaders -- more charismatic leaders. it is part of the bernie movement, donald movement, why you find marine le pen, the new government in poland. we are all happy in their own ways, but it is all happening at the same time. that is a historical reference point we need to take into account. ian bremmer: if in these two dort months we see the brits vote to leave the eu, despite is thisprotestation, the most significant hit to u.s. foreign-policy over the course of the obama administration? jane harm

john micklethwait: they are not all rapidly intolerant.ople, as bret pointed out, who will vote for britain to leave the european union who i do not agree with, they do it out of a sense of sovereignty so they think europe is going in the wrong direction. they want to take back control of their lives again. >> there is this rise of populism, in some ways it is frighteningly similar to what happened in the 1920's and 1930's. there is a qa long experience in the united states on a smaller scale, but in europe, when people became sick with the liberal democracy parliamentary , politics. they were looking for more charismatic leaders. more ecstatic visions of politics. that in a way is part of the bernie movement, the donald movement. it is also where you find marine le pen, the new government in poland. we are all happy in their own ways, but it is all happening at the same time. i think that is a historical reference point we need to take into account. ian bremmer: if in these two short months we end up seeing that the brits do vote to leave

joining us is our editor in chief, john micklethwait.ditorial in "the telegraph" to tell the british people to stay in the eu. some say it is patronizing. you may recognize this man -- boris johnson. and mine,avorite rag "the sun." to obama'saggressive position. john: it is always good when the alternative to looking to me is looking at a brown door. the basic thing is this is a boris johnsonf actually being strategic. he took the risk, which i think has worked well for his side, to go for obama. itmally in british politics, very seldom pays for you to attack the american president. here iscase, he said barack obama, coming across to lecture you about some thing which america would never dream of doing itself. america hangs onto its sovereignty more tightly than any other country in the world and would never dream of something as complicated as the european union, so why are they lecturing us? even though i am on the other side of the argument, i think that is a good move. betty: should the president should have stayed out of it? john: n

we will have john micklethwait with us and talk about the imf.that on "bloomberg ." francine: i am looking forward to that interview. she has said she is a firefighter, and now she is going to build on that and become an architect. mail" says there is no certainty that a deal with yahoo! will take place. alex, great to have you on the program. we allis make sense? have double takes in the newsroom. "daily mail," very popular, a tabloid going with yahoo! assets. sense justcould make from the strategic perspective in the u.s. markets, which is one of the areas where "the daily mail has had success online. there are other parts of "the daily mail. over the last years -- basically now, "the daily mail is a radical this would be a change in "the daily mail." tom: is this an act of desperation? i understand u.k. media is in turmoil. what is the level of sweat for "the daily mail? alex: the daily mail does not need this. -- their focuses on strategies, not business. it is all about securing a key asset, because yahoo! is looking more like the key se

jonathan: john micklethwait, bloomberg editor in chief, he will stay with us.fund after the leaking of the panama papers, next. ♪ . . show me movies with romance. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. where almost exactly an hour away from the opening bell on this friday. you are watching "bloomberg " we will be interviewing hank paulson. john: we have more to cover with john micklethwait. let's give you a check on the markets. the biggest one-day drop in the s&p yesterday since every three. -- february 3. we are going into the close up .9%. stocks heading for a third straight week of losses. that one shining bright red all week. morning afterthis the japanese finance minister said he would be prepared. session.4.4% on the there are your market moves. let's check over to vonnie quinn. vonnie: establishment republicans are eager to defeat donald trump so much that party donors see ted cruz is the only one left that can den

john micklethwait joins us around the table. price distortion is one thing. the solution for one problem seems to be the source potentially for another. where do you start when you break down those numbers? john: it is sort of state capitalism from a new direction. governments used to own vast arrays of companies. privatize on the one hand. others are thought to have strategic direction. this is not strategic direction. it is just buying them and ending up with it. it is a new version of the bank of japan. david: the 1.6% may issue because it's concentrated. there is a fairly large position . to go back to jonathan's point about the shareholder meeting, that is a serious point. you expect shareholders to exert some influence on the company. factor.nership is a big if you own the shares in something, in the end you have to have some degree of voice of what is happening. that is not really the aim of the bank of japan. that is taking you back into charted territory. what happens? do people call on the bank of japan to intervene? are they expected to behave diffe

joined by gid million rose, john micklethwait, jane harman and bret stephens. >> the region is in turmoil from its own internal screw up and we can't fix it from the outsize. obama is trying to cauterize the damage and not let the middle east problem inspect the entire world. >> jeff: remembrance of prince and a look at u.s. foreign policy when we continue >> rose: funding for "charlie rose" has been provided by the following: >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> jeff: good evening, i'm jeff gloar fill in charlie rose who is traveling this evening. legendary singer music right and legendary pop icon prince. he forever changed the pleuks landscape. he won seven grammy awards and won five number one songs including little red corvette, 1999 and when disofers cry. he was a wildly prolific songwriter, vert cho so on guitars, keyboards and guitars, funk, rock, rnb and pop. his music defied genres. joining from los angeles to discuss the artis