berlusconi was the same way. i know berlusconi better than other leaders because i studied italy and i have italian friends. there was this constant soap opera around silvio and who he was fighting with. the other time he was fighting with the media and the other half he owned and they were broadcasting silvio's message. >> the only thing he couldn't frame at the end was the child prostitution prosecution. chris hayes from "all in with chris hayes" thank you for staying late and coming here. they've done this unprecedented campaign rally as chris was just saying, a campaign rally basically without a campaign. they also had the president-elect give victory lap remarks today at a company that is about to send 1300 american jobs to mexico. we'll have more on that later on in the show. but this is the coming out day for the new president-elect. the first we've heard from him since the election. first, we heard from him for 3 1/2 weeks. and they've been planning this return to the stage for him. but in the middle of a

former prime minister silvio berlusconi and other names of the past joined no campaign leading in thee say they are emboldened by trump's victory. >> silvio berlusconi would not play the role he is playing, on television every other day, he looks rejuvenated, excited, look, after all, donald trump is only 10 years younger than i am. maybe i got another chance and i think, for silvio berlusconi, donald trump is like emotional botox. reporter: ashley, actually the party that is most poised to capitalize on possible no vote is rebellious anti-establishment five-star movement which as you probably know led by a comedian. if they eventually get to power, ashley, they said they will hold a referendum on italy's membership in the euro. ashley: american politics has become really interesting but still has a long way to go to match italy's, that's for sure. amy kellogg, great report. very important vote coming up on sunday in italy. taking a look at the markets. we came close to turning positive and i ruined it. we're down 19 points. >>> should fannie and freddie exit the government's grip? th

but tajani is an acolyte and an ally of berlusconi.re was a big split. all of our group voted for gianni. we cannot have an establishment figure who's close to berlusconi being close to the european candidate, can we, jean? that's absolutely true. it would be a disaster. whoever wins will have a role to play in brexit. absolutely, they will. part of theirjob is making sure parliament is fully represented within this, involved in the discussions and has a position. we have a vote at the end of the process. will the green group vote for you en masse, is that how it works? the green group will certainly support me en masse, they've said that. and then it's a question of who else one can pull in from other political groups. i think this is important to actually make it a presidency that works for the parliament which isn't just marooned in one group. if you were to win, would you try to stop brexit from taking place? it's not our role to stop brexit as the european parliament. that's the decision of the british people. our role, particular

northern league could solidify and historic alliance between renzi's democratic party and silvio berlusconi's, thereby blocking more personal gains for the antiestablishment goods. genie: there was also a presidential vote in austria, and there the far right candidate was defeated by a more moderate central left candidate, alexander vanderbilt one. "the wall street journal" says the election of the european alexander bella band of -- of alexander van der bellen is described as a victory for europe and liberation in an era when populism is sweeping across europe and the usa there is one word that keeps on coming back in the austrian press. hat word is "finally." why? because this election was a long time in the making. alexander van der bellen finally triumphs, reads this piece. after two rounds of voting, accusations of electoral occurred.ent so there is a sense of relief and the austrian press that this is finally over. papers are getting excited about the potential election here. now four months away from the first round, and the big question of when prime minister vols will announce that h

vivendi, theof broadcaster control by the former prime minister berlusconi.for a takeovered voted for amonsanto takeover of bayer and hosts close a deal but independent year. and a japanese brewer is buying five eastern european beer brands from anheuser busch. two polishcludes brews. this will help anheuser get next takeover chinese businesses are increasingly looking at the united states as the best place to build their products and sell them to american consumers. it's a reversal of the story we are used to, which is u.s. companies moving their production to china. down. world turned upside chinese factory owners -- this chinese factory owner has just moved his operations to north carolina. the product is cotton thread. for his country, -- for his company, made in china just won't do. this is 100 percent american cotton. you won't find this anywhere else. labelat made in the usa means quality. it sells very well. >> during the 1990's, the textile industry in the american south disappeared almost entirely. now there is hope for a rebirth. >> the plant is op

vivendi said they are raising their stake in berlusconi's mediaset taking its holding to 20%. the move prompted carlo calinda to warn the conglomerate against a hostile takeover of the italian media company. the french media group built up its stake this week from an initial 3%. shares off about 7.5%. >>> mondelez shares spiked 12% in extended hours trade amid speculation that kraft heinz is looking to acquire the confectionary company. mondelez stock has since pared some initial gains after reuters reported it has not received an approach from kraft. mondelez has been under pressure from william ackman to speed up revenue growth or sell itself to a rival. >>> joining us now is head of european equity strategy from ubs nick nelson. thank you for joining us. we've been through fixed income, looking at the dollar, of course we want your view on equities. what is your reaction to the fed decision? i think it was clearly a move that was fully priced by looking at the futures markets. the move on the dots that people seem to focus on dramatically from two to three hikes next year m

we will be talking velour versus berlusconi. fininvest followed vivendi in its media stake. generosity is its own form of power. you can handle being a mom for half an hour. i'm in all the way. is that understood? i don't know what she's up to, but it's not good. can't the world be my noodles and butter? get your mind out of the gutter. mornings are for coffee and contemplation. that was a really profound observation. you got a mean case of the detox blues. don't start a war you know you're going to lose. finally you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. . >>> good morning. welcome back to "street signs." there are various media reports from aleppo that shelling has resumed in the city. this after a cease-fire was started yesterday. the delayed encampment was delay ed. bill neely has more on the civilians scrambling to escape the city. >> reporter: they escape to slaughter today, thousands fleeing aleppo's last battleground. the young and sick, the old and helpless besieged for months, trudging from the ruins of their h

important to remember what the context was five years ago late in 2011, that was the peak of the berlusconieople saying that the ecb kind of forced and out, arguably, by letting the bond yields run to a political switch, putting in the inetaker government, losing 2013, but the idea is that the ecb is not just seen as a buyer for the qe program, but is a credit backstop. as long as italy essentially stays within his program, they are offering an implicit backstop. the italian bond is much more of a rate play than a credit play. political chaos? no big deal. joe: until he goes off the rails, it will still be pretty narrow. scarlet: great perspective. all right, "what'd you miss?" investors placing bets on what's going to impact the economy since the trump election. stephen nation, the government to sell long dated bonds to cushion the effect of rising interest rates. spoke with bill gross, janus capital fund manager, about what he thinks about potential ultralong bonds in the u.s.. here's what he said. bill: it was a better idea 40 basis points ago, but those are short-term considerations. to

the first spike is when berlusconi had to step down in the second one is when mario monti took over, whatever it takes. this is where we are now, the safety blanket. how long will we see the ecb buying bonds so you do not price that risk? issue i thinkkey is that mario draghi wants to maintain flexibility, so i think he will try to resist hawkish guidance for the future. month extension of qe in its former -- in its current form. tohough the hawks might try push him i think after that they will move towards -- i think after that they will must -- move toward tapering. tom: reinhard cluse with ubs. the fed on december 14, a perfect time to speak with richard clarida of pimco. ♪ seeing is believing, and that's why we're opening more xfinity stores closer to you. visit us today and learn how to get the most out of all your services, like xfinity x1. we'll put the power in your hands, so you can see how x1 is changing the way you experience tv with features like voice remote, making it easier and more fun than ever. there's more in store than you imagine. visit an xfinity store today and

berlusconi had a lot to do with it too.oblem is, how far can you push people before they throw you overboard? francine: jane, what does it mean for euro? said, there are so many permutations and combinations. if you thought germany, the netherlands, austria, that would be strong if they just held the euro. then you would have the euro going up. it depends on the permutations and combinations. tom: i like that, permutations and combinations. weekendof sums up the and now we launch into this week. let's look at the data. it is a market on the move. not equities, but everything else. the dow, the yen weaker. 30-year bonds, that is up. this is bloomberg. ♪ ,l syracuse. no, not italy. syracuse, new york. there are a lot of history similarities between syracuse in new york and syracuse in italy. southeast of the the snow machine known as lake ontario. they measure their snow by the foot. this doesn't quite show the glamour of the snow pounding down across central new york. syracuse, italy. if this was syracuse, sicily, italy -- t

you're going to watch the review electoral system was created to make renzi or bella stony -- or berlusconiem designed to make it impossible for the five-star movement to win. i don't think that is the way you run a country. you should have electoral law that is right or wrong independent of who is winning or losing. this?ne: how do you see are looking at civil uproar and uncertainty? strike? luigi: it depends very much on what happens with the banks. referendume vote for a no vote toere's an economy that does not work. i've seen statistics that when employment was higher it was not always higher. a lot to do with the economy. the banking sector is really week in italy. renzi, think is -- i think his biggest mistake was to postpone resolution of the bank sector. we need to fix it one way or another. francine: that is one of the things i hear the most is that the priority of the government of renzi did not get the priorities right. that he was focusing on the wrong things. luigi: this is the beauty of italy. francine: when is a little bit of wind on a rooftop, very good of a hotel but we are

what is the problem with berlusconi before him?ncine: has he been able to do that reforms this country needs? massimo: they should be worrying about the fact that electoral law on which this parliament has been elected has been declared unconstitutional. the one thing he should have done is to write down a new electoral law and go to new general elections. instead of that, he started a far-reaching program of constitutional reforms with this parliament, still based on that unconstitutional electoral law. francine: do you think we will go to early general elections, whether the yes or no vote prevails? are we going to see general elections in the next three months? massimo: i don't think we're going to see general elections within any given short time. maybe there's a possibility if the yes because matteo renzi probably will think he's going to run on the recent victory for a considerable gain in his own personal power. nonot know wins -- if the wins, i don't think we are going to general elections. francine: is there going to be a

michael: it is the electoral law in italy, the one that berlusconi changed.s that they would get this increment, that you are given under the current electoral law, and take control, but still be in a minority with respect to italians overall on the question of whether the euro is a good idea or not. francine: was it a populist vote, michael? we are trying to figure out -- and you beautifully said some of the reasons why this referendum was lost by such a big margin. but can you draw parallels between donald trump and his election, brexit, and the italian referendum vote? michael: yes and no. there was an element of it that was anti-euro, these two parties. but there was another element. there were people who did not like the prime minister. there were people who want to keep the old political order because they benefit from it. and so on. and there are people who just thought the constitutional reform had flaws in it. when you add them up together, you have an overwhelming no vote, but it was not her populism. richard: anytime you put these things up for a v

berlusconi is trying to keep control of the media company and today asked italian market the matter.osiness flash. stocks climb on the lme. down 2.6%. on the screen red for copper. this bloomberg. ♪ . . . attention homeowners age sixty-two and older. one reverse mortgage has a great way for you to live a better retirement... it's called a reverse mortgage. call rfree information kityour with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home... and here's the best part... you still own yohome. call now! take control of your retirement today! ♪ ulie: from bloomberg world headquarters, this is "bloomberg markets." i am julie hyman. oliver: i am oliver running. renick.- oliver let's go to abig