We are awaiting updates from the keystone state this hour. We are expecting former Vice President joe biden to speak in prime time. First, the u. S. Stock market close the week with gains. The s p and nasdaq having both their best week since april hold into next week. Lets get the latest from Sarah Ponczek from new york. Investors dont seem to care about the uncertainty of the president ial election. Sarah they do not seem to care. Today, we did see a slowing in the rally. Look at where the major indexes didnt today. The dow element lower, the russell 2000 and smallcap cages lower by 1 or so. The constant remains that tech holds that leadership position. Albeit a small gain. It is unbelievable to watch the best weeks since april the 9 . Up 7 , the nasdaq up even though we have this delayed election result and we are not going to get a blue suite, still on question a little bit as it stands but with the outlook we have, markets do seem to be happy with it, even though last week it was investors said it was not what they wanted. Emily how important do you role will be assuming we do have a president sometime in the next few days . Sarah they will definitely have an important role, whether its as a leader a leader or laggard. Look at a week like this one. Especially if you have this idea we are not going to get a multi trillion dollar stimulus package. We wont see this reflation trade and what comes to the forefront . It is the secular growth areas of the market. Alphabet, microsoft, amazon, all of 10 this week. Google flat but closing at a record high. Looking at the break down into the sectors, tech was the best one. We continue to see tech lead after falling to the back burner but in the leadership position and its going to be important for the direction of the broader indices ahead. Emily thank you so much for that update. Turning to the allimportant race to the white house day three is turning into night number three in the battle for the oval office with joe biden taking the lead in his birth state of pennsylvania over President Trump. We are expecting some updates fromulin you pennsylvania. I went to get to that with david westin. The votes have been crawling in slowly but surely. For exactly are we waiting from pennsylvania . David last time i saw the account, there were 100,000 votes to be counted. Many Officials Say those votes tend to be coming in favoring Vice President biden rather than President Trump. If that continues, President Trump has a problem there. It just switched over this morning to a biden lead and it is only a little over 14,000 votes. It is a small lead compared to how many votes are cast. Some issues with ballots in pittsburgh where there may be duplicate us ballots and issues with overseas military personnel. Pittsburgh, home to allegheny county. I know we are waiting on votes there. It out like there was momentum toward some sort of conclusion, but that seems even farther away. Do you think we are going to have a call tonight or no . Knew, i would be a wealthy man. I have no idea. I would agree that it has felt at times its almost imminent. Right now, i would say are dragging out there are some small margins here, so i would be relatively surprised if we got a definitive projection anytime soon. We have to bear in mind even if there is a projection, we have a runoff in wisconsin, white possibly a runoff in pennsylvania and then there are the pesky legal suits that President Trump says he is relying on to make sure he gets the win he thinks he deserves. This pointeems at there will certainly be a recount in georgia. Talk about the history when there has been a recount historically. Has much in the ultimate count actually changed . David really good question. Officials in georgia have said we expect there to be a recount. There is a very slim lead right now for Vice President biden. They say typically it is a few dozen votes, maybe a few hundred, not in the thousands, for the most part. That ifnt is well taken someone goes into a recount, for example, wisconsin, 20,000 votes, it would be a very rare thing for it to switch. But in georgia, the number is Something Like 1538 votes 1538 votes. Its a pretty small number. Bidense heard from campaign that he will be speaking tonight. But there hasnt been a huge change. What do you imagine we are going to hear from the Vice President . David we heard 24 hours ago from him it was about 30 seconds, saying we are not declaring victory. Although tonight, i understand, let harris will appear as well, so it sounds like they me they may be talking about a bit more. Reports from inside the camp is that they are starting to move reallyg toward they may be going to win this. Given all the data, it seems to be pointing that direction but it is not there yet. Its a mistake to jump too soon. Watchingat are you over the next hour . You will be hosting wall street week at 6 p. M. Eastern time. Where are your eyes . David it really is pennsylvania. We are watching nevada and we are watching arizona, even know it was projected, some people are questioning that. President trump has a pretty good lead in North Carolina but it all comes down to the commonwealth of pennsylvania. Westin, host of balance of power will be hosting wall street week about an hour from now. Thank you for your insight there as we continue to wait for more votes. The conversation about how to unite a country that is so divided, has been ravaged by a pandemic and economic recession is happening. Andrew yang, who ran for president , has some idea about how to get to a more united front. Hes the founder of you not of humanity forward and has launched a new advocacy campaign. We will talk about that but first we have to talk about where we are. Multiple states still in play, but the former Vice President has the lead in four of them. Where is your head in your heart . Andrew the math says joe biden will be our president elect in a matter of minutes, hours at the most and im so excited we are closing the book on the trump aa and giving our country real chance to recover on so many levels. For us all, america. Trump is on the way out, joe is on the way in. This is a wrap. Its going to be called the matter of moments. Emily i dont want to get too far ahead of ourselves. But there was some momentum this morning, it felt like there was going to be a projection and it feels like we are in the same place. The ballot count has been slow, the president has been mounting legal challenges in various states. How does is joe biden, he even begin to lead when this country is so divided . It is a taller task because hes going to be inherited what looks like could be a divided government. The senate is still potentially up for grabs but the challenges grow because if Mitch Mcconnell is still the majority leader, he and joe will literally be hashing out what is going to be possible. We need a much more robust approach to having our economy, from both theover coronavirus and the accompanying recession and millions of lost jobs. Ends up seeing reason and that we should be doing much more for our people if that is the situation where he and joe are working together. Launched your new humanity forward campaign, you said even if joe biden wins, we have lost something important. What do you mean by that . Mandate. His was not a this was not a sweeping victory for democrats. Democrats in the house actually lost seven incumbent seats, which was not what they expected. Part of that is because we have not been taking care of our people during this pandemic. We got 1200 checks back in april and now its november. My new campaign is championing cash relief for the people during the next six months of the pandemic so people will be able to feed their families, buy gas for their cars, keep a roof over their head. That is the kind of thing we should have been doing the whole time. With the role of congress be in making what you believe needs to happen happen . Congress authorized the two point 2 trillion cares act and now they have to figure out what the second relief package looks like. 82 of americans agree with me that we should have cash relief front and center because that money is going to flow right back into local Small Businesses, keep them open, and it has to be an act of congress that makes this happen. Im thrilled to have hopefully an opportunity to get a second relief package out the door. Again, it should have happened months ago. Come should that relief in the form of payments to individuals or Small Businesses or assistance to state and local governments . Andrew it is all of the above. Thing wee most urgent can do is get money directly in the hands of families because 8 million americans have fallen into poverty. I was in touch with someone, a gig workers who runs a gig Workers Company and sees a potential figure of tens of thousands of gig workers and all their prospects are dimming quickly. We should have programs to support Small Businesses and local governments. That has beenis growing instead of getting better. Emily besides the financial assistance, what do you believe Congress Needs to do . Andrew there is so much. Its one reason we are so excited to have joe as our new president. Anything center is that helps shore up the economy, create pathways for people to be able to pay their bills. I know joe is going to want to champion and infrastructure package that will go through congress and creates hundreds of thousands, maybe millions of jobs. We have to get the coronavirus under better control through a combination of Public Health measures and sending resources to some of these city and state governments that are struggling to protect their people or even reopen schools because in some cases they dont have the proper ppe or funds. There are so many things we have to do as soon as possible. We are way behind the curve and im thrilled its going to be joe signing these act into law. The biden team has been playing out a possible transition for a while. Would you be able to accomplish these goals more efficiently with a role in the Biden Administration . Has the biden team talk to you about taking a role . Andrew right now, we are focused on making sure joe emily tell me, andrew. Tell me. Andrew ive been on the record saying if they offered me the opportunity to solve some of the problems i ran on, i would take it. Some of those involve technology where i think government has been way behind the curve on Summary Technology issues, including social media, its effect on our democracy, the use of our data, and thank you, california for passing prop 24. At least california is making progress on our data rights. There are semi things in technology i feel like we should be doing better and maybe i can lend a hand with a new administration on that front. Prop 24, which i know you emphatically supported, creates a state agency to enforce privacy protection, gives people control, more control over their own data. Do you think the folks in washington, do joe biden, harris do they understand enough the gravity of the issues facing the Tech Industry and what needs to be done . That is one reason im so grateful to californians. In california are going to have a dedicated agency to help protect your data rights and other states are going to look up and say why is that in california and not here in pennsylvania or washington or new york . Eventually, the federal government and congress will look at it and say what are states doing and maybe we should have a national approach. The states andom california, as usual, first to get done, but not the last. You will see more measures like this around the country. Not detailedhas his thoughts on antitrust yet under anow big tech is lot of scrutiny from both sides of the aisle. How facebook and twitter moderate the conversations in the days and weeks ahead will be in the spotlight. How do you think a Biden Administration should move forward when it comes to big tech . Andrew i think our frameworks when it comes to big tech are way out of date. They are using antitrust and censorship when those issues may not actually address some of the things i described about the use of our data, the effects of social media on the Mental Health of our kids. I know you are a parent like i am and data, unfortunately, is showing very certainly that there are surges in anxiety and depression among younger users of social media. There are a lot of things we can hopefully make progress on and i think joe has really strong instincts in this direction. But the legal frameworks dont exist properly right now. Antitrust was created for oil barons and railroads. [laughter] 230 was written in 1996, before facebook existed. This is just another example of how congress is using a very limited toolset and in my opinion, they need some more modern tools. Emily do you think big tex should be broken up . Is that the road you are going down . Big tech should be broken down . Andrew a onesizefitsall companies have such an impact in their scope i suggest you look at each of the giants individually. Facebook, google in particular. And you figure out what are the issues you are most concerned about and then tailor legislation to try and curb any excesses or abuses. To me, thats not like a break them up impulse. I think there should be summed of esther sure of some business units. Divestiture some of some business units. Business model in Silicon Valley is not to say we are going to be the next facebook or be the next google, its just to be bought by them. Thats bad for innovation and bad for consumers over time. There should be rules in that direction, but im not someone whos going to take a 20thcentury approach to 20 problems. To see,ould you like lets say it is joe biden, bring back a chief of Technology Officer focused more on the Digital Service to modernize the government . Andrew yes to all of the above. I ticket was a worthy addition of the obama administration. Trump let it languish. He didnt care that much. But i think joe should bring back those roles and make them much more well resourced and robust. I believe there should be a area, soin the bay that some of yours and mine who want to solve these problems dont have to move to d. C. It wont be that swanky because is not like a tech company, but hopefully it wont be depressing. [laughter] then you can solve some of the problems you know are growing and effecting our kids. That is something i think should come other the u. S. Digital service but we need to give some more technologists the chance to provide some Public Service without going through the crazy red tape and rigmarole many techies right now fear if they decide to raise their hand and say they would consider Public Service. We are still waiting for the boats to be counted, but President Trump has made it clear he will not go quietly. If indeed the race is called for joe biden. You anticipate the transition of power, if there is a transition of power, will look like . Andrew there will be a transition in the Biden Campaign put it easily where they said they are perfectly capable of removing a trespasser from the premises. [laughter] trumps knows that lawsuits are ridiculous and baseless. They are literally saying give us some more time to figure out what it is we are angry about. [laughter] everyone can see we are counting these votes. You have a republican election Officials Saying look, we are just counting the votes. The other thing is this isnt even that close in terms of individual states. Of thegoing to win four states and pennsylvania alone would do it. Lawsuits, and mina fit in my opinion, are going to go nowhere. They might be amplified by some partisan media outlets, but most americans will move on. Joe biden is going to be our president elect in a matter of minutes and Donald Trumps ability to create an alternative reality is evaporating and i for one could not be happier. Emily while we are waiting for the votes to be counted, always appreciate your enthusiasm. Andrew yang, former president ial candidate, founder of humanity forward, thank you for spending some time with us on a big night potentially for your party. Coming up, we are talking more about the presidency. We will take you to joe bidens headquarters and have a live report from wilmington, delaware. Thats next. This is bloomberg. Emily the race for the white house could be ending soon with joe biden taking the lead in pennsylvania over president , putting him on the brink of victory, but the votes are coming in slowly. For more on the latest from the Biden Campaign, want to get to emily wilkin who is at biden election headquarters. We were just speaking with andrew yang who is already proclaiming victory but it seems extremely unlikely this is going to happen in the next several minutes or hours, given how slow the counting has been. What is the view from the biden team . Emily the biden team is going increasingly optimistic about their chances. We pulled ahead and pennsylvania, they pulled ahead in georgia overnight, they are still ahead in nevada and arizona and all they need is pennsylvania at this point to cross the 270 threshold. Said, we know this morning that the Campaign Announced he would be speaking tonight, but what kind of speech is it going to be without a call. He cant give a victory speech, right . We will i think what see is biden reiterate some of the themes you will come out and project the theme that he will be the winner would all the votes are called. Then he will try to put himself at a contrast from what we have seen from Donald Trumps message from yesterday afternoon. Biden reminding people that we are expecting it to take this long because of mailin ballots, urging patients and calm and reminding everyone its not up to trump and not up to him