stanley fischer, former federal reserve vice chair. european close is next. ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save $400 a year on your wireless bill. plus, get $400 off when you buy the new samsung galaxy note20 ultra 5g. ♪ ♪ ♪ the big events are back. xfinity is your home for the return of live sports. guy: 30 seconds until the end of regular trading this friday in europe great equities on the front foot trading higher into the close. european equity markets are up on the week, outperforming what we have seen in the united states. we have seen considerable turbulence led by the tech sector. intraday up .3%. pushing up towards session highs. it felt like a date more of consolidation than anything else. a quick look at where we sit in terms of the individual markets. we have to look at what is happening in the currency market. the ftse, the dax, and the c

shery: former federal reserve vice chairman stanley fischer.apan's ruling party set to pick its new leader today, who will ultimately be tasked with guiding the country through the pandemic and its economic downturn. we will be live in tokyo for what to expect next. this is bloomberg. ♪ s is bloomberg. ♪ numberse have breaking when it comes to coronavirus cases. aetty low numbers showing steady come down when it comes to new virus cases. 35 new virus cases over the past 24 hours, seven further deaths. this comes as we have seen a few deaths,lower numbers of the drop coming as the fed remains under strict lockdown conditions. let's get you the first word news with karina mitchell in new york. set to softbank is revive talks about going private after -- senior executives are revisiting an earlier plan. softbank is expected to announce a sale of nvidia soon for around $40 billion in cash in stocks. that would make it the largest-ever deal in the semiconductor industry. onna has tightened rules financial holding companies. it tries to curb risks in

stanley fischer, former vice chairman of the federal reserve.sday night football is back, and so is sports betting. we will hear from draftkings ceo jason robins. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn in new york. greg bendel in toronto. sports have faced unprecedented challenges this year with the pandemic and everything else. players boycotting games, protesting police utility, which delayed the beginning of the playoffs in basketball. int night, football returned kansas city where the champion chiefs hosted the houston texans. 17,000 fans in the stadium. draftkings ceo jason robins joins us to discuss with the return means for the future of sports betting. how many fans you need in the stands in order for sports betting to thrive? better to have fewer? jason: i don't know if it matters. we are a mobile app, so whether you are in the stands or at home, you can always access our app. the important thing is that sports are played, everybody does it in a safe way, and games can continue. greg: what was it like i

stanley fischer, it's great to hear from you especially on a big fed day.ank you, sara nice to be with you -- back with you after a fairly long time. >> we're happy to have you back and see you looking well we'll have you back soon wilfred. >> we've got some news out of washington on stimulus to follow up on what stan fischer was looking for. >> set to unveil a two-part proposal aimed at fasttracking funding for a new small business program according to congressional aides. the effort led by ranking member on small business committee steve shab ott, washington congresswoman. they are expected to unveil stand alone ppp and so-called discharge petition to force a bill reopening of $138 billion in existing ppp program that was not spent. business is that have gotten ppp can apply for second loan but qualifiers businesses would have to have fewer than 300, prove they have seen a revenue decline of 25% or greater. the petition according to aides is going to be open friday for signatures it needs 218 to move forward that means 20 democrats would have to sign onto

coming up, stanley fischer, former federal reserve vice chairman. this is bloomberg. a live from new york, i'm alix steel. this is bloomberg markets. c.e.o. force the who has more on that. >> rio tinto's board trying to wipe the slate mean. the mining giant blew up two rock shelters in western australia in order to gain access to high grade iron ore. the explosions destroyed ancient aboriginal heritage sites and created a backlash from investors and community leaders. the original response was deemed insufficient. it held an internal review which found no individual was at fault. and it cut the bonuses of its c.e.o. of the head of its division and the head p.r. woman. otherwise the company voiced support for the executives. pension funds made clear that response fell way short. and this became a huge example of how rio was failing on issues. environmental, social, and governmental issues has become increasingly important to institutional investors. you have those three being pushed out. you look at rio's shares rising in london, overall materials companies are the big

up: does a 1% 10-year yield, some 30 basis points, which stanley fischer would like to mention is a hugeoes that change the fiscal calculus in the nation? kevin: well, probably not buy a whole lot, but at least you are breaking a trendline or a range bound line that we are thinking about, both the economic recovery, jobs, and, potentially, inflation. that is one of the things that the fed will probably address today, hopefully address, their own forward guidance on both rates and inflation, because that kind of forecast leads you to believe that we are going to come off the needle on inflation couldl, and i think i change as we get past the end of the week. -- year. jonathan: kevin, thanks for giving us your time this morning, we appreciate it. kevin giddis of raymond james. tom, the issue for me, looking forward to the federal reserve and policymakers, typically conditioned by previous experience, but many of the individuals are conditioned by the experience of the previous cycle. what did they learn the previous cycle? they all learned that you can keep rates low a lot longer without i