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Assignment this week. Who is taking her place today . Contestant is bill cohen. Theing me out at all hours, bloomberg contributing editor, welcome. Great to have you here. I am no replacement for stephanie, but i will try. I know you will. The top stories out of business and finance, let us begin with oil prices. The lowest level in 12 years, brent crude is at its lowest level. Also already facing the highest capital surcharge under International Rules and the bank may have to than 20 billion in Additional Capital because of new regulations proposed by the Federal Reserve. The capital boost wo...

We have our panel. Thank you so much for joining us in this great bloomberg anil of eight. The world bloomberg debate. The world needs more easing. Can the fed raise Interest Rates . The fed is probably going to raise rates this year. The expectation is to have any midyear, contrary to what is expected. The fact that the fed is going to do that is good news in and of itself. It shows that two things are moving in the right direction. Employment is up, unemployment down. And inflation is hopefully getting little signs of moving up in the right direction. We have these two indicators which have ...

Investor. Larry summers, former u. S. Treasury secretary. Thank you for joining us in this panel debate. The world needs more of you. How difficult is it going to be for the fed to raise rates . They will probably raise rates this year. The expectation is to have any midyear, contrary to what is expected. The fact that the fed is going to do that is good news in and of itself. It shows that two things are moving in the right direction. Employment is up, unemployment down. And inflation is hopefully getting little signs of moving up in the right direction. We have these two indicators which hav...

And lofiason bank sees profits rise sending the stock to the top of the stoxx 600. Coming up, nobel prize laureate tells us why president putin commands so much power. Announcer youre watching Worldwide Exchange, bringing you Business News from around the global. All right. As anticipated, the eurozone pmi data is just hitting our wires right now. The eurozone august flash composite data coming in at a level of 52. 8, a little below the reuters poll. Reuters forecasted 53. 4. So its actually quite a bit below. Again, its weaker than what we saw in july and its weaker than what the reuters poll...

Investment officer of bridgewater. Ana botin, chairwoman of banco santander. Larry summers, former u. S. Treasury secretary. Thank you for joining us in this great Bloomberg Panel debate. The world needs more easing. Christine lagarde, let me start with you. The world needs more easing. How difficult is it going to be for the fed to raise rates . The fed is probably going to raise rates this year. Our expectations of the imf is that to happen in midyear than the end of 2015, contrary to what is expected. The fact that the fed is going to do that is good news in and of itself. It shows that two...