. -- in tesco. christmas will be a test of that recovery plan, which is predicated on getting more people to buy more things from tesco at christmas time. people have money in their pockets. they want to spend it. they want to treat their friends and family. it's tesco's job to make sure they do that job. guy: the critical thing is convince consumers that the quality the offer is better than many people's perceptions. as a result, just by doing that they have made lewis's job so much harder. >> absolutely. there has been a real change in perception. people do not see the likes of aldi as bargain basement anymore. one forecast that spending at the discounts this christmas is set to rise by 17%. so, they are a force to be reckoned with. guy: turning business around is not done in a hurry. this is the end of his first full year. how long do investors give him? how long does the board give him to deliver tangible returns? >> dave lewis has been clear it is a big job. no one would disagree. he came to th

up next, a not so happy christmas for tesco.e discussed what the season holds in store. ♪ anna: welcome back, you are watching "on the move." nejra: china's leaders have signaled they will do more to boost growth. monetary policy must be made more flexible and fiscal policy more forceful. this came at the end of the central economic work conference. we get the rate decision from the turkish. bloombergurveyed by are expecting half a percentage point hike. has placed 11 commercial satellites in orbit before returning the booster to earth. it was guided to a soft landing at cape canaveral. for more on these stories and others, go to the bloomberg terminal and bloomberg.com. anna: tesco's ceo dave lewis is ending his first full geayheaear that the helm. it is predicted that sales will fall over christmas by 3%. good morning, sam. how important is this christmas then for dave lewis? he has been there a little while now to try and turn around the business. sam: it is important. the share prices hit an 18 year low. that is bad news for

and this is really what we did 25 years ago when we started work with tesco.it's about knowing the customer without imposing too much work on the consumer. so we read it through the data and it's that data that helps us get the insight to what they might want and that's the creative aspect. data helps us understand and then it's our opportunity to be relevant. >> for many people, for many businesses it's been a really tough year in terms of retail when we take a look at the u.s. businesses but also here in the u.k. with continued discounting. just give me a sense of what the retail environment looks like right now just leaning on your big data searches. how are we going to fare in 2016? >> well, you know, when we started 25 years ago, people effectively were saying, you know, direct mail, mass customization would never work at that scale, and actually that changed with things like club card because people loved it. when they got things through the mail, they responded really positively. but as you know really well, everyone now is going digital. everybody's us

the ability for domestic investors to move in and out of markets without having to go to tesco throughuota systems. go through quota systems. it is a big important factor. guy: they want to maintain control. this is a controlled economy. on the other hand, they need some levers that you would normally be pulling in a free-floating economy. the two.caught between if the management is going to continue. there was a period in august where people would've called water on that. qwest communications in the last few months has been week. the currency is a good point. the jenny's economy is slowing. it is moving away from export driven. it is a slow pace of growth in china. one of the ways you can upset that is to allow your currency to fall, depreciate. with the fed moving, the expectation of moves with the depreciation of the dollar, we have seen the opposite in china which has not been helpful to the domestic economy. they have a significant amount of gdp created the export market. they should've been a lot more reactive in terms of trying to weaken you want, not terms of coming months but

where you have stores like tesco are struggling because of that move online so to highlight just walmartprobably looking backward rather than forward. >> i just struggle with the whole idea that dot com good and bricks and mortar bad. it's interesting when we talked about side car, you have uber, you have lift, you have side car. these unicorns were just meant to be good for some time to come. it's a story that people felt they could get and now it's a business rather than actually growing from here. old fashioned things like profits and management expertise and ability to execute still matter. >> i fully agree. if you're really looking for the valuation anomalies you look at bio tech. you strip out the top ten companies in that index and the rest are not making any money. >> okay. well we're going to talk more about technology since they were the out performers yesterday and really for the year. let's get the latest on the fight against isis and we are striking at the head of the make. u.s. defense officials have taken out another isis leader that had links to the man behind the attacks

still down from the holiday period and 18-year low for tesco. it's been a long time coming.ally, the swrermans rva and -- two big utilities have exited one of the local utilities in luxembourg. the government there buying them out in private equity. it's probably a half a billion dollar deal. i much bigger one, of course, will be whether the exhalta deal goes through. they still think it's on. though apparently it's looking for potential other partners. we will see whether that plays out next week. back to you. >> simon, thank you very much. >> when we come back, we knew that mobile was going to be big this year, but some exclusive data from comstore shows just how much it's dominating the holiday season. we'll tell you what you need to know. plus, the video you've got to see. a professional skier almost taken out by a drone on live television. we've got that for you. dow up 134. the vix below 16 for the first time in a couple of weeks. back in a minute. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third