one of my most important books from a few years ago, john taft's "stewardship." we will speak to john taft about wealth and wealth disparities in england. 3 major stories -- alibaba, market reactions, the dow at a record high, and to scotland. >> looking forward to what is going to be an interesting day. thank you very much indeed. talking about what is happening with alibaba. let's get another voice. the applications for the tech landscape. good morning. why should i be interested in this company when i already hold amazon or yahoo! or one of the other big tech titans? >> those examples are pertinent. one reason is because alibaba sells more goods on its platform than amazon and ebay combined. if you hold amazon shares, you should be concerned. if you hold yahoo!, you should be interested. yahoo! holes 22.5% of alibaba stocks. worthbecoming potentially $168 billion, that means your yahoo! holdings are going to be worth more. >> do you think the corporate governance issues are something i should be concerned about? watch.thing to the fact that it is only operated

. >> john taft and robert.on bloomberg "surveillance today. >> one of the things that might be percolating, small business. you want to focus on it. a live panel. erik schatzker sits down with the founder of this network, michael bloomberg. lloyd blankfein of goldman sachs. warren buffett. >> an awesome lineup. >> the michigan governor, rick snyder. a small business is not happening in detroit. 8:30 today. perhaps that's one of the things gettingathan golub is at, it is percolating from the ground up. >> a lot to cover on bloomberg "surveillance." go time for alibaba. the chinese company gets ready nyse.e its debut on the a look at some of the key businesses that drive its bottom line. we will be right back. ♪ 2017.ty until futures up 8. gabelli, a legendary value investor. we talk about janet yellen and your equity markets. this is bloomberg "surveillance." welcome worldwide, particularly in the u.k. an important day for those in the u.k. scarlet fu and adam johnson. >> important day for executives in china. c

taft in '52. so it's hard to figure out what other non-president or vp was this formidable. >> clarence, is anybody else really running? johnwould like to be president. joe biden. amy klobuchar, who would be great candidates. elizabeth warren would like to be president. these are all serious presidential candidates and none of them are running. >> that's right. and i think, well, a number of reasons. for one thing, it takes a lot of money to run for president. a billion-dollar campaign. hillary clinton has the momentum, she's also got a lot of people champing at the bit for the last eight years for her to run. that's what i call the ralph nader effect, you've got to be careful inside the party to challenge a strong front-runner because if that front-runner then stumbles, you get blamed for it. you run that risk. >> he ran third-party. >> well, yeah, but people still blamed him for -- >> he lets me know that now and then. let me ask you with what it means to the republicans, jonathan because you're out there. the near certitude that hillary clinton will run going into the fall of '16, what will that do to the republicans? do