Were these demonstrations over the Christmas Period targeted in small pockets or widespread . Dan mostly small pockets. Targeted at shopping malls in particular, looking to hit the retail sector, which has really been battered by six months of protests. We saw clashes at shopping malls. 20 people were injured. There is another rally tonight, in a suburban area of hong kong, and a couple over the weekend, all pointing to the big rally downtown on new years day. Matt what are the plans for that big rally, further protest . How organized is this movement . Dan the Group Organizing the een convening some of the largest rallies we have seen. There are various elements of the protesters. Siderganized side, the that tries to abide by laws, and then the frontline protesters, the ones lighting fires and battling the police, and a sort of work in parallel. On january 1, thats organized by a group that tries to get police permission. That is pending right now. We are likely to hear about 48 hours before, whether that will go forward. Either way, we expect some kind of protest on january 1, w hether the police give the goahead or not. Matt thanks very much. Dan ten kate, joining us with the very latest on whats going on in hong kong. Anjamin netanyahu has won landslide victory in the race to 72 his likud party, with of the vote after a challenge from a former cabinet minister, gideon saar. A muchneeded boost for the Prime Minister who was indicted on fraud and bribery charges in november. Netanyahu will leave the party into the third is really election in israeli election in one year. Michael joins us now. What is the significant of this latest win for netanyahu . Michael i think what it shows is the extent of his grip on the likud party. Even though he has led them to two inconclusive elections where he was not able to put together a government, and we saw this challenge to his leadership, the fact he was able to win with such overwhelming support shows theres really not appetite in the party to depose him, and they will lead the party for the next election, too. Matt heading into a third election in under a year. Does this give us any clues as to how this will go . Michael yes. What i think it says is we are probably heading to another deadlock. Netanyahuw last time, succeeded in forming this gigantic bloc of rightwing parties, 55 seats that were all sort of pledged to one another to negotiate at the head of a bloc. He was not able to quite get past the finish line, but unless theres a market change in his legal predicament between now and march, we are heading for a similar situation where neither the right nor the left can form a government. I think the opposition head, has to think really seriously about broadening his own coalition to include the labour party, perhaps some of the arab parties. To overcome the right wing bloc, he has to do the same thing on the left of the israeli political spectrum as well. Matt what does netanyahus victory mean for the chances of peace in the region . A very securen place over the decade he has led the country. Is that set to continue . Michael theres actually very little difference in diplomatic plans between netanyahu and gantz. Both say theres not a real partner for peace on the palestinian side and both see a high chance of war with iran. Two things come up. One, the possibility that if netanyahu feels his grip on power is slipping could precipitate some military engagement. Generally israeli Prime Ministers have avoided that because that is a route to being tossed out of office, but it feeling desperate, who knows what he might do. Hes also talked about annexing land in the west bank, something that appeals to his right wing voters. So i think as the next election gets closer, theres a chance we could see some dramatic announcement, especially regarding the west bank. Matt michael, thanks so much for joining us. Michael arnold, previously our Israel Bureau chief, joining us to discuss the landslide victory for netanyahu. Coming up, the art of the china deal. U. S. China trade talks dominated markets this year. Heading into a president ial election, are we expecting a complete trade deal in 2020 . And remember, Bloomberg Radio is live on your mobile device or dab digital in the london area. Definitely tune in. This is bloomberg. Until such time as there is a deal, we will be taxing the hell out of china. We have made to amend his progress. It doesnt mean we have a deal. We are now working on a new trade deal with china, but it must include real structural end unfair trade practices. The biggest deal ever made, the granddaddy of them all. Ere totally open to it we have a long way to go, in tariffs with china. We are talking to china about a deal, but i wish they didnt break the deal that we had. They very much want to make a deal. We will see what happens. Im not sure they have a choice. We are looking for a complete deal, not a partial deal. Looking for the big deal. When it comes to a deal, pretty much subject to getting it written. We willnt get a deal, substantially raise those tariffs. We have come to a very substantial phase one deal. In some ways, i like the idea of waiting until after the election for the china deal. The deal will be finalized over the next couple weeks. We made a great deal with china. Trump, talking about the u. S. China trade deal over the last months. Thats been one of the stories that dominated the markets globally this year. As of mid december, the worlds two largest economies agreed to the first phase of a broader trade agreement that will see the u. S. Reduce tariffs and at least temporarily calm fears of an escalation in the trade war between the countries. Lets look at the year in trade with our executive editor for Greater China, joining from beijing. Have leasing President Trumps we seeing President Trumps view change . And what about the possibility of a trade deal from china . You listen exclusively ll President Trump, it wi affirm quite a confusing year in 2019. The view here in beijing is that china wants a deal. The economy here is growing the slowest pace since the early 1990s. The country has done a lot to cut taxes, trying to lower barriers to various industries to try to help buoy that economy. What they dont want to do is pump a bunch of stimulus in, because theres a debt problem and worries about that. But xi jinping will not accept a onesided deal. He has a lot of political capital, but not infinite amounts, and if he takes a deal that look at china is giving too much and not getting much in return, he will not have very much political capital. Matt what are the next steps here . They sign the phase one agreement, and then what . Lighthizer, the u. S. Trade rep, said a few weeks ago he and vice premier li hue will sign a deal in early january. All signs point to that still being the case. There was some talk after President Trump said he would go to davos, that xi jinping would as well, but we reported recently president xi will skip davos, still waiting for january, probably in d. C. , mr. Hue sunny and mr. Deal. Matt how likely is a complete trade deal in 2020 . John with an election in the u. S. And what looks like a ilization in the chinese economy, you could argue it looks harder to make a phase two deal. Buting is impossible, phase one looks like it will happen, and phase two looks a lot more difficult given the remaining issues to hash out. Matt our executive editor for Greater China there, john liu out of beijing. Lets get to Bloomberg Business to london for the end gatherings leighann gerrans. Recording amazon record holiday sales. They didnt release indepth figures but a statement backed by broader reports that shopping as u. S. P this year, web sales rose 19 this Holiday Season. Apple is set for its best year in a decade, stock up 82 , adding 530 billion in market value. Gain is the market greater than the market gap of all but five companies of the s p 500. A Consumer Survey says that the are widely iphone cited as musthave items. Tiffany is preparing a rebound, lvmh is buying the brand for 16 billion u. S. Dollars. They posted a 7 increase in the asiapacific region, after a decline in the nine months through october. Int leighann gerrans, london with your business flash. While the u. S. President ial election could be a drag on pharma stocks, the regulatory outlook is clear for health equipment, and innovation could drive returns. Deutsche bank anticipates 14 major new drugs reaching the market in 2020, including medicines from novartis and novo nordisk. We spoke to Novo Nordisks ceo earlier this month. Unmetbelieve theres medical need for People Living with diabetes. It takes innovation to fulfill that. We believe we are one of the biggest innovators and that space, and we have a pipeline to the future to continue need. Ting, for that unmet more competition, is more of the field being left to you . You could say a number of one category where sanofi was a leader for many years, and increasingly growth is coming from new types of like where novo nordisk is leading and sanofi didnt manage to jump on that early enough. Its about innovation and the value that you bring to patients, addressing the needs. Half of those with type two diabetes are in need of more medicines. Matt for markets, it is about growth and profitability. We noticed shares fell 4 , probably on disappointment with u. S. Outlook. Why did that take investors by surprise, flattish growth in the u. S. . Well, we see over a few years, turning around. As long as we havea big part of our business in insulin, we are impacted by prices in the u. S. But gradually we will turn that around, and we see strong dynamics. We announced we still see price space, in the insulin impacting the shortterm, but we are positive in momentum, in a business based on innovation. Matt i know you are also positive about innovation in the hemophiliaa space. What is the strategy look like, and what sort of innovation, gene editing business, do you see yourself moving into . Shortterm, we are rolling out a portfolio of products, two long acting products in hemophilia a and b categories, and recently a deal to get into gene medicine. We believe that an opportunity down the road to bring in medicines. Id like to also underline we also have a big business, we expect to more than double it before 2025, so we have a number of businesses. With novointerview nordisks ceo earlier this month on bloomberg. Were minutes away from the open, about 11 minutes to be exact. Notext, could the 10year be on its way higher . Could yields reach 2. 5 . Manager saysn fund yes. Well get your morning call. This is bloomberg. Matt welcome back to bloomberg markets. This is the european open. Just about nine minutes from the start of cash trading, looking at futures rising across the board. But in terms of fixed income, a very interesting call from a 97 billion fund manager. Bottomed,ave yields but they could surpass 2. 25 in a matter of months. Lets go to dani burger. Dani the call comes from michael kelly, the head of multiasset at pine ridge investments, a u. K. , londonbased manager. He says the negativity cartels will break in spring 2020. That means for markets we could see u. S. 10 year yields in the next few months go from 2. 25 to 2. 5 at the high end. The pessimism fading across Global Markets in terms of what the economys doing. He does say theres a ceiling on the yields thanks to Central Banks with lower for longer mantra ingrained into their policy. Still, in terms of what markets will do beyond fixed income, he thinks stock valuations will continue to surge, seeing very strong corporate profits. He also says local currency fx, e. M. Bonds will outperform next year thanks to a steady dollar. Thanks very much. That call is one we have been talking about and will continue to throughout the program. Facebook coo Sheryl Sandberg spoke with bloombergs Caroline Hyde last month at the bloomberg discussingsummit, the 2020 election and how it was among her biggest concerns for facebook. We think the 2020 election is a massive test for us, and it should be. Elections have changed, and we have changed as a company. If you look back to 2016, of course we were prepared for state actors. What they did was take information, but this more insidious stuff, we were not prepared and everyone missed it. Thats different now. Now we work hard to find what we think of as coordinated inauthentic behavior. State actors versus people trying to do fake stuff. In 2016 we had never heard of it. In 2017 we took down one. In the last year, which again 50, seven in the last two weeks again, a very different place. Fakee going after accounts. Everything done on the ira through facebook in 2016 was done through a fake account, and we take down millions every day, mostly before anyone sees them. We didnt have a Fact Checking program at all in 2016, and now if something is marked false by thirdparty Fact Checkers we can reduce distribution and show related articles so people see the other side of the story. Some really good studies have reported fake news on facebook is definitely on the decline. The stanford study says down by more than half in 2016. And transparency. This is really important. In 20 you could only see any ad on facebook targeted at you. When you went to a page, you didnt know who was behind it. So youhave a ads library can see anything anyone is showing anyone in terms of political. Journalists use it. Team operations looking for what they will try to do next, trying to get ahead of it. So this is a major test for us. We are building on some success. 2018, the midterms were very focused. E. U. Parliamentary elections. We have had lots of election since then, but this is a big one, the highest priority for the next year. Matt that was chief operating officer of facebook, Sheryl Sandberg, speaking to bloombergs Caroline Hyde in an interview last month. Lets look at some stocks to watch, ahead of the open. Retail clearly one of them, after amazon said it had a record christmas or Holiday Season. You saw that drive the nasdaq up to over 9000. One stock on the nasdaq, one q,ock that trades on the nasda slumping after saying it would stay independent. To watch. E th is is bloomberg. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Matt minute from the open of cash trading here. Top headlines. A recordbreaking christmas, after amazon says it had the strongest Holiday Season ever as the nasdaq hits 9000. Apple closes at double the price of its january low as buyers are bullish. Can demand keep up . Asd christmas chaos, protesters gear up for another demonstration in hong kong on new years day. Lets get to dani burger with the open. Dani we are seeing futures in the green. Dax, cac. U. K. Is weaker, likely because of the pound being stronger today. By all accounts, the markets are likely to pick up on the stronger Asian Session that we had. Course of course, China Industrial numbers coming in strong and the u. S. With record highs. The market is now opening. Lets see how they do. The ftse, first glance not much changed. The pound might be curbing some of that effect. The european markets coming back online after the boxing day holiday, may be attempting to catch up with record highs we saw in the u. S. A a lot of this was prompted from holiday purchases coming in strong. The markets roll in, seeing netherlands up 0. 2 . The currencies, some interesting moves. Euro very strong as the dollar falls, likely the riskon lewd at the end of the year, despite the fact move we are getting at the end of the year, despite the fact volumes are low. Lets see what individual sectors are doing on this friday. One of the final trading days. Health care mostly in the red, not surprising given this is more of a defensive sector on a very riskon day like we are having. I also want to look at energy, doing well. Oil gaining today. Thencials positive, though worstperforming sector of the decade. Green, thanks probably to apple and amazon numbers. What are the individual movers looking like . Matt we are seeing more winners and losers this friday morning. Up, only 205 down, almost a two to one ratio and still 19 left a kickoff trading. Lvmh, luxury doing fairly well this morning. A a lot of stocks that are maybe something you would have bought someone for christmas. Adidas, a gainer this morning. Another luxury goods maker. Ers and metals as well as oil. Royal dutch shell, bhp billiton allrio tinto, glencore, helping to boost the stoxx 600 in points position. Roche moving up right now, one of the biggest stocks on the index. On the downside, one of the more defensive stocks, British American tobacco off 0. 2 , taking points away from the nasdaq. Some other defensive stocks there. Diageo on the downside. An interesting moment to correct myself. Earlier i said, i stuttered, said this was a stock on the nasdaq. I looked into the bloomberg, the primary exchange for the u. S. Issue of qiagen is the new york the nasdaq. Ge, not its a big loser today in europe, as it was yesterday on the nyse in the u. S. , down over a fifth of its value, as it says it will remain independent. Qiagen in europe down more than 20 . A look at your markets. The stoxx 600 opening higher and european markets generally opening higher, indicated by futures earlier. Techs after a rally in shares in america sent the nasdaq over 9000 points for the first time. Amazon was among top performers after reporting what it called a recordbreaking Holiday Season, the strong consumer reading also pushing apple shares higher, leaving the iphone maker on track for its best annual performance in a decade. Joining us from tokyo is cross equity asia reporter. Chris, amazon didnt give us details