where markets are finishing the day. i want to go to mark barton. mark. mark: china data and the prospects of a december you rate december rate hike. the european close starts right now. betty: we are going to take you from new york to london and beyond in the next half hour. mark, kick things off for us. looks like the markets are settling. the investors are focused on disappointing chinese inflation data. disappointing for the 42nd month, quite an impressive losing streak. the markets. have a look at portugal, betty. we could, in the next hour, here the government voted out of

power. we will have that for you on the european close if and when that happens. number,story out of french industry expected to be strengthening in december. to corporateg news, you had vodafone out and they have something to brag about. how does the stock react? this?how about up by 4.1%. the biggest mobile phone carrier by customers, betty. this is the money it gets from customer plans and traffic on the network. it got a re-boost -- it got a boost from demand in europe. it is a real needed boost for the company. remember less than two months ago, talks with liberty global dissipated. it was jilted at the altar,

betty. great metaphor and perfect timing, mark. i know we will have much more on the european close. let's check in on the bloomberg first ward news. courtney donohoe as more from our news desk. courtney: -- courtney: is round four of the republican presidential debates. in carson will lead the field from milwaukee. -- ben carson will leave the field from milwaukee. the main amount -- the main event starts at 9:00 p.m. eastern the senate is expected to pass a bill that would prevent prisoners at guantánamo bay from being moved to the u.s. most were captured in anti-terror operations. in portugal, an alliance of the opposition parties are primed to vote the premised are out of

office. opponents want to raise the minimum wage and reverse government salary cuts. slovenia's prime minister says the country will start holding a on the borderce with croatia to stem the flow of refugees. officials say the fence will be used to direct the refugee flow. the chancellor who guided west germany germany for eight years during the cold war has died. helmut schmidt was among those who lead the groundwork for the common currency. he died at the age of 96. that is a look at our first word news right now. you can get more on these and other breaking stories 24 hours a day from the new bloomberg.com . courtney, thank you.

courtney donohoe at the news desk. let's return to that big story mark was just describing, vodafone. vodafone ceo vittorio colao has improvea simple plan -- the business and add new product, such as tv and high-speed internet. that strategy seems to be paying off. mark: that he, you said it. investors are cheering its stronger than estimated take years. betty, you said it. vittorio colao sat down with our colleagues to discuss the company's progress. job is not to forecast the stock price. my job is to make sure we are doing better and better. for the first time, we start to see real appreciation in the customer kpi's.

we see higher loyalty. yes, i think i can be optimistic about vodafone performance, but i would not comment at this time. reporter: it appears that you are given to a european recovery. the bits are in place if the recovery gains traction. the problem is it hasn't. where does that leave you? attorio: we are geared to plan -- we are going to upgrade completely our infrastructure, and fixed. the recovery in europe is gradual. it is slow. but it is happening. we see more enterprise. we see more export. we see more travel. all of these are good indicators there will be continued recovery. the recovery may not be explosive, and that is why vodafone is very paced in our

investment. thing is tot continue to have an investment and believe and to have more service and more productivity being taken up. break,r: if there was a there would be more complexity, more cost, difficulty for your customers. what would you allow that? why would you not simply decamp and go somewhere else? reporting in the euro is too simple if i our own life. i always have to remember if a number is euro or pounds. it is good for simple find the administrative burden on the company. as we've said many times, we are a mostly european company. fromf our profits are within europe.

we are in favor of britain remaining inside this economic hope, and of course, we that this will be the electorate's decision, that the -- but the voters will have to decide for them. think where we are, where we are -- i would not link where we are, where we are based -- reporter: to bring more complexity. morerio: to bring complexity. but also think about our shareholders. the simpler the organization side, the more uniform. we are digital. reporter: our talks over or over for now? vittorio: talks are over until they are over. so, yes, they are over. reporter: they are over or they are over until they are not? vittorio: [laughter] asking ace way of question. we discussed with liberty a

series of combinations or swaps of assets, and we decided to stop the conversation. the conversations now are over. in the meantime, our strategy is progressing. theirs is progressing. our results will be visible. and you never say over time you cannot talk to people, but for the time being, they are over. mark: that was the chief executive of vodafone talking to bloomberg's guy johnson. it ain't over till it's over. more conservative. the shares have barely moved since that deal came apart in september. that is interesting. i'm not sure how much to read into that, but clearly on the u.s. side here, mark, john malone is facing a maturing market, right? and it's absolutely critical he

finds some growth in europe. who knows? he is a hard person -- he certainly never gives up when he wants something. ok. mark, we've got much more ahead. pitch.ameron's eu the u.k. prime minister's demands to the european union. that is after the break. ♪

mark: welcome back to bloomberg markets, live from london and new york. .t is 40 degrees celsius i checked on my mobile. it is accurate. betty: wow.

it is a little warmer here, mark. we have a lot going on a business. the bloomberg business flash. lufthansaendants at are turning up the heat with a walkout starting tomorrow and lasting through friday. meanwhile, the contract has gone to court to put in and to the strike. the walkout is over terms for early retirement. walmart will not be per one not be-- asda black friday in this year. other retailers may be backing away from black friday. latestording to the survey of managers for the national federation of small of managers say

that they are poised to raise pay to the highest level since 2007. back to london, the u.k. prime minister david cameron made his pitch to eu officials. bloomberg's mark barton, there's a lot more ahead, right? mark: betty, what a day it was. ,ameron setting up the demands ahead of a referendum on britain's membership in the union that has to take place before 2017. prime minister cameron: there are those who say here and what wee in the eu that have embarked on is mission impossible. noty why question mark i do deny that seeking changes which require the agreement of 27 is a big task.es but an impossible one? i do not believe so for a minute. mark: joining us, our u.k.

politics reporter. a busy day for you, a big day for the prime minister. for?ealistic are the big -- the big 4? >> the first two are realistic. the fourth is the real sticking point and that is curbing benefits to migrants, which the .u call discrimination mark: yes, that is the spokesperson who has already spoken out. how will cameron get the eu on his side and attaining this fourth demand. --fourth demand? svenja: we have the summit in december.

negotiations have been going on for three or four months. has also gone around europe to try to get more this side. togary, poland, they come britain and they are pretty angry that there is a move to block their rights, to discriminate, which is the way they see it. the problem with cameron, of course, is he has two audiences to please. not only the other members of the eu, but at home, migration is a pretty hot topic. it is hot indeed. how are these demands playing out locally among british citizens? svenja: well, most british citizens, in fairness, do not see the eu as top of their concerns and priorities. they are more likely to express concerns about the economy. really the audience are

conservative of love -- conservative lawmakers. view,ave taken a dim especially this idea of limiting unions. they think the cameron has not gone far enough. mark: you must be seen as ambitious, but you cannot set yourself up for failure. david cameron meaning on, do you think, when it comes to this very tricky balancing act? svenja: david cameron is not going to set out a list of demands he does not think he can meet effectively. he spoke to german chancellor angela merkel about this yesterday. she said herself she is pretty confident as some kind of middle ground can be reached to read can be reached. what is also key, at contentious issue here -- he said that he is open to other ideas.

it is also about giving that leeway thatf suggests he is in some way ready to find middle ground. andas to find middle ground also pleased the british public and not look like he caved in. betty: what about the head of the eu and his response to these demands? have we heard anything so far? fourth demandthis has been called highly problematic by the commission spokesperson. what we are looking for is wrecked across the board. as i said, german chancellor said, yes, there are difficulties, but she things a middle ground can be reached on all points. as i said before, david cameron has suggested that in discussion. the pace of negotiations will accelerate. mark: what are the polls telling us right now? polls are split

actually. what i was surprised by, it -- i think the trend is more realistic for the people of britain to vote for people to stay. we know it will be next year at best. a lot can change between now and then. mark: yeah, it can. interesting comments from various banks, betty, saying investors are not alert to the risk of a brexit. saying trey 5%, morgan stanley saying the chance of them leaving is at a pretty price. vote: i imagine as the comes closer, that will become top of mind for business and the public, mark. let's return though back to what is going on here in the u.s. of stoxx -- we are kind

range bound. not at the low of the session. we are kind of range bound. i want to get to abigail doolittle. abigail? abigail: betty, you are right. is stock we are watching jazz pharmaceuticals. these shares are off more than 4% after the specialty biotech company missed recorder revenues and guided for the full year down. one analyst says it is probably due to disruption at the pharmacy after special intervention by the fda. he found growth ahead of the disruption construct of. as such he kept me by rating. he did lower his target. -- as such he cap to be buy rating. the shares are off. speaking of volatility, let's

look at the nasdaq biotechnology index. when we look at the last year, we see a big range and two their markets. one in august, one in september. this may be worth watching, given that it has traded down for of the last five days. considering health care's 15% rating for the nasdaq, it could key forching the ndi investors. betty: mark? mark: get ready. i will show you how investors have fallen back in love with germany's dax index. it is the battle of the charts, next. ♪

betty: you are watching bloomberg markets and the european close. it is time for our global battle of the charts that mark is so

excited about. we will look at the most telling charts of the day and what they mean for investors. mark barton is with us and joe charts as, who loves well, is with us. joe, you have one on russia? sure. everyone knows that emerging markets have been bad this year. we talk about it every single day. there is one etf that tracks -- if you are going to track the local market, investing in dollars, it is up on the year. big surprise, it's in russia. the etf was at 14.6, now it is that 16.7. that is the white line on the chart. up for the year. huge surprise. how did it rally? the currency got absolutely obliterated earlier in the year. as a strategist from lacked rock pointed out -- blackrock pointed out, they have been able to accelerate the speed at which

the economy recovers. this is one example where devaluation seems to have worked. just to prove timing is everything, i looked back in history. year.tf tracked 49% last it jumped 139 present in 2009. since its peak in 2008, it sucked 72%. you would be better off putting your money into the s&p. itsince its peak in 2008, sank 72%. germany's dax index. it has been a weird year. it slumped into a bear market -- the white line, the dax. the euro is clearly the yellow line. since then it has rebounded 15%. what a year it has been. it rose, then sank by 24%. it basically is an inverse chart

to the euro. the euro rises, the dax falls. rises.o falls, the dax that is what is giving investors hope. if there is a fed rates rise, we could see a stronger dax. over 70 shows that the asset is overbought. keep an eye on the dax. the facte we ignoring that even though the stock , thets may be higher economies are not doing well in either country question mark i mean, look at russia. doing well in either country question mark i mean, look at russia. investors just want to make money. i guess it doesn't matter from their perspective how well the economy is doing. betty: mark, what are you

watching overnight? mark: we will have a busy night. it is single day, betty, in china. you know it. it is the marketing phenomena in expected to generate record sales over last year's $9 billion tally. and tomorrow is the deadline to formalize a takeover of sap miller in the industry's biggest deal ever. plus, italy's largest bank with a strategic revamp tomorrow. according tojobs people familiar with the matter. this is the european close. here tomorrow. ♪

>> noon in new york, 5:00 p.m. in london and 1:00 a.m. in hong kong. >> welcome to "bloomberg markets."

>> welcome to "bloomberg markets ," from new york, i am scarlet fu. alix: i am alix steel. join us torgan will talk about a deal with pfizer. we ask what would be the drug acquisitioniggest is more than a tax dodge. ceo with alergan mea culpa. of distress will talk about her battle with the sec. david: -- scarlet: we want to get a head start on the market day. let's check in with julie hyman.