Banks in europe. We have not made sufficient progress. Shares in Alcatel Lucent fall for a second day as the government ramps up the pressure. The Prime Minister urging management to revise its plan. Youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. Very good morning to you. Very good afternoon. If youre in asia, this is wednesdays edition of Worldwide Exchange. Its hump day, lots to get through today. Of course. And were going to hear from president obama who is going to nomiNate Janet Yellen today to be the next fed chairman b, replacing ben bernanke whose term ends in january. The president is expected to make the announcement at the white house at 3 00 p. M. Eastern, an hour after the latest fed minutes were released. Yellen was appointed as vice chair in 2011. Shell be the first woman to lead the Federal Reserve in its 100yearround. Joining us for the show today, ricar ricardo. Everyone seems to be quite pleased. Is she the most qualified a