i want to play spider solitaire on a bigger screen. obama's message was most impactful. it all boils down to strategy and execution. >> very thoughtful. .> jack ma now that alibaba has made it official, they will be closing the books early. the ipo is covered at all price points. >> matt levine has written a series of stories on this. it made me smarter. pricing and all that. >> also available on bloomberg.com. it is free. >> he is the king of footnotes. >> great articles. they do enlighten all of us. pricing at $66 per share. we want to thank james galbraith . a book that speaks to what we are experiencing right now. normal."nd of ziel.ohnny mans it's a big debate between james galbraith and bill gross. i like how the professor takes a set of outcomes. >> thanks again. "bloomberg surveillance" on bloomberg radio continues. in the loop is up next. ♪ >> good morning. it is friday, september 12. we are live from bloomberg world headquarters. you are "in the loop." i am betty liu. we have exclusive comments from miami dolphins team owner

morgan played solitaire at his desk until they made their decision.n had saved the day as a grateful nation acknowledged but the panic's costs were high. it affected banks, businesses and personal lives including that of a disgraced, distraught charles barney, who killed himself. ironically the knickerbocker trust was not a bad bank. it reopened five months later. the people who frantically lined up here got most of their money back. the nation's bankers faced two important realities. could they allow the power to save the banking system to remain in the hands of a j. morgan? the bankers turned to the federal government. they accepted the need for a central bank. the other important reality was that despite all its inherent instability the bankers wouldn't give up fractional-reserve banking. economic analyst richard gill explains why. why bankers wouldn't want to give up a fractional-reserve system is pretty obvious. they make money by lending. is this somehow sinful? hardly. if they didn't make money on loans they'd charge us hefty fees on deposits.

that is totally absurd. >> for his solitaire needs. those are your frontpage stories. >> wow. >> trying to decide how big a phone i want. >> you need the biggest one. >> you are 6'5", you can carry a big screen. president obama will speak to the nation and congress this evening. in search of a cogent message signaling his leadership against the islamic state. the president will need executive presence. our guest host is chairman and founder of the center for talent and innovation. this book is a sleeper. i opened it and said yeah, yeah. yes what? executive presence, wonderful to have you. what would be your message to as he speaks to the nation on a difficult topic? my message is simple -- he needs to create a more .mpathetic bond with the people emotional intelligence. this is the thing that is on leaders lists not even 10 years ago. the ability to sit inside someone else's' shoes and understand when they are out. when the president talked about the trayvon martin case a few months ago and cried on television, people love that. it sho

. >> did they keep them in solitaire at all? >> no.nk goodness they kept them as a group, greta. >> they tortured them or beat them i have heard? >> oh yes, particularly jim. >> what was the -- how bad was the abuse? >> i really haven't read a lot of it, greta. i don't want to. i -- all i know is that everyone tells me that jim was strong. he put up with it. he took himself to a different place. he was able to deal with it. >> they tried -- jim tried to escape twice. obviously both unsuccessful. one of the times the person with him stumbled or had had -- was delayed and jimmy waited for him. >> so, you know, they did the best they could. it's interesting how, you know, how his faith was, you know, helped him. >> you can't do this on true grit. you cannot do it on true grit. >> jim wasn't a holy kid, okay? jim was just a good kid. >> and documentary film maker michael van dyke was friends with the jim and the other journalist killed by isis. nice to see you, matthew. >> thank you. >> what a terrible story. i mean, none of us, except for