By John Kell and Alan Murray
September 11, 2015

Those of us who go to bed early missed an extraordinary few minutes of television last night on Stephen Colbert’s third evening as host of the Late Show. Vice President Joe Biden, who was in New York, stopped by for an interview with the comedian that turned raw and emotional, with both men talking candidly about their struggles with the loss of loved ones. Biden’s description of the selflessness of his son Beau, who died in May from brain cancer, is worth watching here.

 

When the conversation turned to whether Biden would run for President, however, Biden was noncommittal. MSNBC anchor Christopher Hayes made what I thought was the most telling point in a twitter post: “People are at their most authentic, honest and likable when not running.” My guess, based on last night’s performance, is that Biden is not running.

 

Meanwhile, the other great guessing game over whether the Fed will raises continues unabated. In a column posted this morning that is worthy of a politician, Mohamed El-Erian, former CEO of Pimco, analyzes the odds of a September rate increase and puts them at 51 to 49 against. Really Mohamed? 51-49?

 

More news below. Enjoy the day, and the weekend.

 

 

 

Alan Murray
@alansmurray
alan.murray@fortune.com

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