and any deal will be complicated by that battle for control of the company with its founder, john schnatter. >>> honeywell today forecast strong -year earnings and said it's likely to post its highest profit margin in me an two decades. the outlook as a result of the industrial manufacturer sharpened focus on its profitable businesses. it's also benefiting from the strong aviation sector which is increasing demand for aircraft parts. shares rose a fraction to $144.71. >>> and cigna i slugging off the government's proposal to eliminate rebates t pharmacy benefit managers that they receive from drug thmakers. 's a plan we told you about last night. cigna's ceo said such alan would have a minimal impact on his company's earnings. cigna also reported better-than-expected profits but did provide what analysts described as a conservative forecast for this w the stock fell more than 2.5% to $194.06. >>> sony reported its highest er quarterly profit driven largely by its music business. ee company did point to shrinkingnings at its game division. that is leading to concerns over sony's next leg of

they will reportedly invest $200 million which will reduce john schnatter's stake in the compan shares to the company rose almost 9% today to $41.97. >>> and spotify is reportedly in lks to buy podcasting company gimlet media for about$2 million. that move would diversify spotify beyond music streaming and mark the first time it has purchased a content company. shares of spotify rose 1%oday to $138.60. >>> tesla is acquiring battery technology company maxwell technologiestlor a l more than $200 million. maxwell makes devices that store and rapidly deliver surges of energy. tesla ceo elon muskai is to be a fan of the technology's potential for speeding up electric car charging. tesla rose a fraction to $312.89. maxwell tech, which is a small cap stock, soared 49% to $4.59 >>> newspaper giant ganet has rejected a haktilever bid from digital media. the board of directors questioned the oposal's credibility and said the offer undervalues the company. digital first media, a hedge fund backed company officially known as mng enterprises offered to buy it for $12 a share in cash. the stock fel

he was the chief when john schnatter was there.t of heat and been blamed for the problems the company is having. the company says it is more about the controversy. we will get a chance to see now whether or not that is actually the case or whether papa john's has a lot more of her to do. alix: last time you ate papa john's? david: it's been a while. [laughter] alix: thank you. coming up, and exclusive -- after heth announces his retirement. this is bloomberg. alix: this is bloomberg daybreak during happy monday during happy quiet trading day. coming up we have boe, state of the union. not seeing any big movement. s&p unchanged. european stocks weaker. to howre questions are much the iron ore rally will continue. in other asset classes, a stronger dollar story. no move in the italian bond market despite the huge selloff we thought the end of last week. 18 basis points in the u.s.. crude moving lower as we continue on with the session. despite theost 1% fact that you have the venezuelan oil disruption. the other piece of breaking new

this adjustment being there john schnatter -- vonnie: our thanks to ed hammond.'s check in now on the bloomberg first word news. courtney: in virginia, governor ralph northam is meeting again today with members of the administration on controversy over a race his photo in his article years school of. he is rejecting calls from fellow democrats cling for him to resign saying that is not him in the picture. the trump administration is sending 700 more troops to the u.s. border with mexico. troops will provide support to protection.border soldiers will also lay about what hundred 50 miles of razor wire on the border. in france, president and an omicron's advises are trying to persuade him not to hold a referendum this year. he has floated the idea of using european elections in may to ask french voters to endorse reform he wants to put an end to the so-called yellow vests result -- herbal. cabinet met -- revolt. global news, 24 hour a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomber

there has been a problem with image, a lot of that coming from john schnatter, the founder.ave this cultural audit going on at the moment. what is likely to come out of that? provide up there with the product is the people. one of the most important things to me is how we enhance the culture to move forward. have had some challenges over the past year to change the itception of the company ed: all relates to one person. we are 120 team members around the world. we always want to get better. we strive every day to get better in everything that we do. really working on diversity and inclusion. we just restructure the executive leadership team, now have five women on that team, great new leaders, lots of diversity. we have a new chief of diversity, equity, and inclusion. ed: is he under pressure to sell his stake? steve: the thing about john that is similar to my views -- i've been with the brand 22 years. we have a passionate commitment to quality. youjeff, i will not ask [indiscernible] if you were a holder of a company like bristol-myers, what changes would you like to see?

smith will replace founder and former ceo john schnatter who stepped down in late 2017 following a series in the premarket. well, ryan air, europe's largest budget airline, is reporting the first quarterly loss since 2014. higher oil prices and lower air fare reducing the company's profit. the company also reiterated a no deal brexit could drag down their full year profits. shares of ryan air are down almost 3% in the premarket. well, automaker nissan is abandoning plans to build it's x-trail suv in the united kingdom. the move is a sharp blow to the prime minister, theresa may, who fought to have the vehicle built in england in and effort to shore up confidence in the british economy. this comes days after britain's car maker issued a stark assessment of the upcoming brexit effect on the industry. maria: the new churr o futurer report, we'll tell you what president trump said. not living up to expectations, the super bowl half time show falling flat for some fans, details right here, next up. ♪ into the great wide open. ♪ under the skies of blue. ♪ out in the great wide open. ♪ to be nob