be sent to president biden for his signature. the measurable provide an economic boost that will last long after those $1400 checks start arriving to some americans this month. democratic leaders expect final passage today. the measure includes supplemental unemployment benefits and expansion of the child tax credit, and aid to state and local governments. president biden will double the order of johnson & johnson's one-shot vaccine, seeking another 100 million doses. bloomberg has learned that will bring the country's supply to an f for 500 million people. the president is expected to make the announcement this afternoon during an event with the chief executives of j&j and merck. the order is a sign that the united states is continuing to stockpile doses as questions swirl around which vaccine will be best for children. the senate has confirmed marcia

fudge to head the department of housing and urban development. the longtime ohio democratic lawmaker takes the reins of the agency just as congress is poised to pass new benefits for renters and homeowners who suffered economic losses amid the coronavirus pandemic. at her confirmation hearing, congresswoman fudge said her first priority would be protecting the millions of people who have fallen behind on rent or mortgages because of the coronavirus pandemic. the leaders of turkey and russia remotely inaugurated the construction of a third nuclear reactor in southern turkey today. turkish president erdogan and russian president blood near putin are vowing to continue their close cooperation. president erdogan says the plant will launch turkey "into the league of nuclear energy countries." then nations have been working on these plans since 2010. -- then nations have been working on these plans since 2010. global news, 24 hours a day, on air and on bloomberg quicktake,

powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. amanda: i'm amanda lange. welcome to "bloomberg markets." >> i'm matt miller. we are joined by our bloomberg and bnn bloomberg audiences. here are the top stories we are bringing you from the bloomberg terminal. the u.s. house moments ago started voting on president biden's plan, $1.9 trillion stimulus package. we will bring you the latest. we will speak to david rubenstein on stimulus as well as inequality and his exclusive conversation with world bank president david malpass. we will hear from the cofounder and ceo of 3d printing --

printer manufacturer desktop metals which went public via a spac. our guest joins us later this hour to talk about that. amanda: we have been watching these markets today, it is a very interesting day for stocks. there is a lot going on. the stimulus checks that will happen on the others of the vote in congress is a reminder that gross stocks will do well here. the stimulus will work its way through these markets and yet we are seeing these advances without the big leaders. apple is down, tesla is down, amazon is weak. that gives you a sense of the red here of support from other parts of the market. it is not a broad momentum growth movement for stocks. we have been talking about gamestop and the wild moves on the intraday for gme. that is perhaps just program trading, who knows. we will figure this out as we go along. it is a sign that the kind of froth is still with us, that

there is still a lot of massive momentum moves happening. we know there is more than just the $1400 check that will play out here. stimulus from the bill will come in different forms and it will last a long time. the vote goes on, the historic moment also -- almost upon us. congressional reporter with us. in gay while to get here but here it is. and it doesn't stretch beyond those checks, the relevance of this will be more than that check. anna: that's right. this is the $1.9 trillion bill that does far more than just fund vaccines and the $1400 checks, like he said. this also has a $300 per week in supplemental federal unemployment benefits. that is on top of benefits that people who are unemployed are already receiving. since the bill is passing before the march 14 deadline, there will not be a lapse in that between the rounds that was approved in the last bill and this bill that is set to be approved today. there is $360 billion for state

and local governments. that will be another way to funnel money to people through state governments. that will provide a lot of support for state and local authorities around the country. matt: i wonder what you think of the next package? because of course, as a journalist, i'm already thinking this is done, what is happening next? we heard something between $2 trillion and $4 trillion on infrastructure. is the biden administration working through that? anna: what we are trying to figure out now is how it is going to be packaged. this could be one massive bill that has infrastructure, and health provisions, you know, all the things the democrats want to accomplish all in one huge package that they either try to get republican support for, or try to pass along my credit lines, just -- along democratic lines using the procedure they

are using for the stimulus bill or by changing than it rules so they don't need to get a super majority in the senate. there is this give and take between the provisions that could be included, and the way in which it is past. the more republican support they try to get, probably the less ambitious they can be. that is something the biden administration has to work out with the democratic leaders on the hill. it is going to determine what the rest of the biden administration looks like in terms of what they are able to accomplish. matt: all right. thank you very much for that. anna edgerton talking to us about the stimulus package. i'm looking at breaking headlines crossing on roadblocks now. the stock has started trading for 64.5 -- $64.50 a share. a billionaire, the ceo, dave the suki, will be worth now about $3

billion. let's bring in emily chang who knows more about this videogame platform and the appeal that it has had. how big of a deal is roadblocks? emily: it is huge. if my kids and their school community is any indication. there is a question of content moderation and gatekeeping and how do we get our kids to see the best of it and not the worst? this is a company that david has been building for a long time. they have been around since 2004. they have an interesting model where they share part of the revenue with creators. there are millions of gains on therefrom all different -- there from all different game developers and the creators of the games can share in the profits. the $65 a share, that gives roblox a $42 billion valuation. they had been considering an ipo.

they were planning to get out of the gate last year. that got postponed. they changed their minds, decided to do a direct listing instead. and here we are doing a direct listing in a pretty volatile market. he told us earlier he chose to do a direct listing because he wanted everyone to be able to get in at the same price. amanda: maybe that was a smart decision. what do you think it says about this market? we have been watching the momentum and speculation in parts of the market. is it done well ralph -- relative to its reference price? emily: absolutely. i think tech has been doing well in general. the ipo's we have covered have doubled, like airbnb and doordash and bumble. i think it speaks to the appetite, continued appetite for tech stocks. who knows if we are seeing the beginning of a real correction or if tech will be higher by the end of the year. i have heard both sides. what is also interesting about roblox is because it is a gaming

company, we have seen a lot of retail interest. there is a roblox reddit threat happening now that hundreds of new users are joining. i asked him if he is worried about the coming of mean stock target for better or for worse. he says they are not focused on that but i'm sure somebody at the company is certainly thinking about that. if -- and it is anyone's guess if the traders will take this on. matt: once they get there stay me, it will be easier. emily chang joining us on the roblox ipo. it is all connected. in all connect together somehow. we are getting headlines from the biden spokeswoman saying that the president will sign the stimulus bill on friday. it looks like this is about as much of a done deal as it can possibly be. joe biden will sign the $1.9 trillion stimulus bill on friday, according to white house spokeswoman jen psaki. we are going to hear from david

rubenstein, the host of "peer-to-peer." he is going to tell us about his interview with world bank president david malpass. this is bloomberg. ♪

matt: this is "bloomberg markets." i'm matt miller alongside mandalay -- amanda lane. there is a lot going on. so much breaking news from gaming, social media, gaming ipo's, 21.9 trillion dollars but -- stimulus package. amanda: it is an incredibly sized stimulus package and they feed together. there might be a certain amount, we are not sure how much speculative activity happening,

because of dollars and pockets. one thing that seems important about the $1.9 trillion deal is it is not just checks and pockets. there is a bunch of other forms of support. i'm of them extended out to september that should help have a leveling effect in this recovery. this has been the big concern, is that not everyone has done the same through the pandemic. matt: yeah, absolutely. and not everybody is going to recover equally is the biggest problem. we had a world full of inequality already, and it looks like that could be turbocharged by the recovery. especially when you look at -- i was talking with bill rhodes about this a little bit earlier, former chairman of citi. he cut his teeth in latin america and he is worried about latin america, africa, some parts of asia, not getting the vaccines that they need, in

thinking deeper and deeper into debt -- sinking deeper and deeper into debt. amanda: it cannot be a better time to conversation for david rubenstein to have an interview with david malpass, president of the world bank. inequality is on the world bank's mind. have a listen. david m.: the inequality of the current world environment, it is troubling. i think it is getting worse. which is a big challenge. amanda: david rubenstein is with us now. great timing on this interview. in terms of how the inequality gets addressed, what are the thoughts that he has about the best way to approach that? is it global cooperation on his mind? david r.: the world bank is designed to help countries that have less mature economies, less-developed economies. it does not typically have low interest loans on long-term

projects. right now, the world bank and the imf and others are concerned about the fact that these less-developed countries don't have access to the vaccine. or not as much as we do in developed countries. therefore, they are not likely to be participating in the revival of the economy, because many people are likely to get covid still if they don't have the vaccine. with the world bank and others are doing is trying to figure out how to get more vaccines into these less-developed countries. matt: i was just talking about bill rhodes. he has got debt for vaccines plan, and i'm sure there are similar solutions out there. is that one way this could work? david r.: yeah, basically, the world bank and others are lending money to countries on very low interest rates to get the vaccines, whether the loans will be paid back, who knows. they may be forgiven. the greater interest is getting people vaccinated, and get the economy going. if you thought there was a to world society, which is to say the less developed world before, it has been exacerbated by

covid. the countries that are not doing well in getting vaccines are probably going to fall further and further behind as the developed world moves on from covid at the end of the year or so. amanda: in -- is he concerned about the level of global cooperation that we will see on this front? one of the things, you have talked to a lot of people over the past years, pre-pandemic, those global relationships were fraying. support for all of the organizations not at their height. david r.: i think there is good lipservice saying we should cooperate, but the devil is always in the details and there is bureaucracy associated with these organizations. nobody is saying don't get vaccines to less-developed countries. but getting them there, making sure they are fairly distributed is another problem. the u.s. has worked reasonably well, that we have going -- we have been going through age categories. it is not clear in other

countries whether these protocols are being implemented fairly. they are trying but it is not clear it is as equitably distributed as many people might desire. matt: on your program, "peer to peer conversations," the one main thread is most everyone you speak to is extremely successful. but there is a large portion of them being philanthropists. i wonder what the wealthiest people in the world are doing right now, in terms of helping with the covid pandemic, helping fight the covid pandemic. david r.: most of the people involved in philanthropy have redirected a lot of their philanthropy toward organizations or people where their needs are much more apparent because of covid. if you were involved in whatever area, you are probably taking some money out of that area. the best known philanthropist i'm aware of are taking their money and helping people treatmt

health providers, things like that. amanda: i've got to ask you about your current thoughts on where we are on this market. . there is a lot about it that seems fully valued, maybe even speculative, when you see a name like gamestop and what it did today. we worry about how much momentum there is. what is your thoughts on equity is right now? david r.: always predicting the stock market is difficult, but the stimulus bill, when it goes through, i think people will feel this is going to keep the economy going for quite some time. there was concern about the inflation impact of the bill. and it may happen. there may be inflationary impact, but it will be modest compared to the inflation we have had in times when i was in government when it was in double

digits. we have inflation at 1.5%. getting inflation at 2% will not hurt the economy. i don't think inflation concerns are as big of a wary as the market thought a couple days ago. i think the market is feeling that the money will make the economy operate at a 4% to 6% growth rate. matt: the only thing harder than predicting what equity markets are going to do is trying to predict what rates are going to do. i'm going to put you on the spot. we have seen incredible moves. although the absolute levels are still very low. what do you think about the rates, markets, and the steepening curve? david r.: i think the fed was probably surprised about the so-called tapered hand we had recently. i think the fed is intending to keep interest rates as low as possible, certainly for the end of this year, and maybe beyond. therefore, i think the markets will cool off a bit in anticipating a higher interest rate. i don't think we will see that for quite some time. i think trying to figure out when they will increase interest rates in 2022 is too difficult

to do. interest rates are in the forward markets and have gone up but i think they will taper down. that would be my guest. i think the fed will make a clear that it is not interested in increasing rates at this time. amanda: so great to have you with a spear thank you for bringing it to us. david rubenstein here with us. you can catch that full conversation with david malpass on david's show, "peer to peer conversations." that is at 9:00 p.m. eastern. just want to revisit roblox. we have seen it come to market at $64.50. that is above its reference price. another sign of life and health out there for issuing stocks here. that brings us to our next guest, which is in the spac space. we have been watching the spac's in the extent to which they are on fire. one of them, 3d printing maker, desktop metals.

it says to have explored a takeover with a rival. we will talk with the ceo coming up. this is bloomberg. ♪

amanda: this is "bloomberg markets." i'm amanda laying with matt miller. we have been talking about specs coming to market. one of them that came out not too long ago, desktop metal. ric fulop is with us now. word is you have explored a takeover. there is lots of opportunity out there. given somewhere you are in your thinking about acquisitions. ric: well, we laid out our acquisition and m&a strategy when we went public. most of our growth is organic, from our existing business, which is based on machines, the fastest metal printers in the world today.

100 times faster than legacy technology that came before what we introduced at a lower cost. then in february, we finished the acquisition of a company, which was a pioneer in mass production of pulmonary parts. that was an industry that is at the cusp of breaking out because now you can do material properties that you couldn't print before. and then we continually expand our portfolio products. we have distribution to 68 countries, close to 250 partners, and we are always looking to add new technologies to our portfolio. matt: now, not only do i love metal, i made a few black sabbath fan, but under the motorcycle -- but i am a motorcycle collector as well. i'm always trying to machine parts, rear sets, or brackets, that i can't find anywhere.

i would love to get one of these machines on my desktop. how much am i going to have to shell out, and how much what i be able to do with it? ric: we make machines used by machine shops all over the world, to do metal parts with geometry, with high productivity and lower cost than other approaches to casting or machining. these products range anywhere from $20,000 up to hundreds of thousands. on the metal side, we have machines up to $2 million and are used by some of our larger companies. it is a full spectrum. matt: when i unlock my bitcoin, i'm going to come to you. as soon as i figure out my bitcoin password, i'm going to grab one of these. what kind of growth do you see in the market? ric: it is a massive market. it is going from $12 billion at the end of last year, projected

to grow to $146 billion by the end of the decade. this is an industry in the process of breaking out. today, 0.1% of parts produced. it is projected to go to single digits at the end of the decade. that would be room for another 20, 30 years of growth. we are at the cusp of several multi-decade of topic -- of adopting this technology. it is a great industry to be in. amanda: ric fulop, great to have you with us, ceo of desktop metal. i'm not sure if anyone else is worried about matt miller of his locked up bitcoin account. i will be thinking of you. a quick look at roblox as we go out. it has come to market above its reference price. this is bloomberg. ♪

mark: i'm mark crumpton with bloomberg's first word news. two members of the biden administration will meet with

their chinese counterparts in alaska next week. the state department says secretary anthony and national security advisor jake sullivan will meet with china's foreign minister and a member of the ruling bureau. the state department's spokesman says the two sides will discuss a range of issues including "those we disagree on." another of new york governor andrew cuomo critics says it's a wrecked -- says sexual-harassment harassments and nursing home scandals has weakened the governor's political hand and impacted the way the state is run. ron came says the controversies are interfering with passing a budget that is due in weeks. assemblyman kim spoke with bloomberg quick take today. >> i believe he is a distraction everyday. that is why more and more lawmakers are coming out, including the longest-serving member of the member, the chairman of the health committee called for his resignation so we