Chairman, i speak exclusively to ana botin about her vision, emerging markets, and regulation. Ana botin, thank you so much for joining us here at bloomberg. We have seen these huge changes in the last 12 months. Are we going to see more, or are you happy where the bank is now . Ana the last 12 months have been very intense. The Capital Raise and changing the dividend policy, but more important the governance of the people changes on the board. Not just as a group but in many subsidiaries and the team. We changed the ceos in our five big countries. That is over. We are ready to actually start executing on our strategy. Francine and your strategy is what simpler and fairer . Ana santander has a very strong base, so we are present in 10 core geographies. 10 countries. Santander consumer markets with a billion people where we have 170 million customers. And so everything, our focus Going Forward is going to be how to do more business with these customers. A hundred million are in our bank
Country, you want to crash it. Prediction swing for the fences. Jeff bezos will be the richest person in the world than five or seven years. He weeks most thrilling it is all straight ahead on bloomberg best. ,etty hello, i am betty liu welcome to bloomberg best. A look at the biggest news and analysis from Bloomberg Television around the world. Market volatility continues this week with investors looking everywhere for signs of stability. As we take a day to look at day to day look at the top headlines, the dominant scene is change. Twitter shares are tanking again, closing down almost 5 after the company lost for key members of its executive leadership team. , katieell had a product Jacobs Stanton had head of media. What do we know in what dont we know . At in addition to these departures, a board shakeup is coming. We know that these people have left twitter. The head of fine has left twitter, that is the fifth person this week. We know that they are adding two members to the board
Director at the imf. Fang xinghai, vice chairman of Chinas Securities Regulatory Commission and director general at the intercontinental economic department. Gary cohn, president at goldman sachs. Zhang xin, chief executive officer and cofounder at soho china. And ray dalio, chairman and chief executive officer at chief Investment Officer at bridgewater associates. Thank you so much for joining us. Ray dalio, is there something that the west misunderstands about Chinese Markets . And does that exacerbate the volatility we have seen the last few weeks . Mr. Dalio i think there is a lot the west does not understand about Chinese Markets. I think the essence of whats going on in china is an adjustment. They have four major challenges. They have a debt restructuring challenge. They have an economic restructuring challenge, so they have to come up with a new model for the economy. They have a Capital Markets challenge. To build in an efficient way that circulates capital through the system
Makers. The debate begins right here on bloomberg, we will talk to various people ahead of Mario Draghis decision. It has just gone 6 00, the stage is set in frankfurt and expectations are so high. The Financial Savvy will be glued to their smartphones telephones and televisions as mario draghi will probably set up a qe plan. The ecb is not the only central bank coping with deflationary forces. High drama from india to canada and many places in between the mario draghi Takes Center Stage today. He does. It is all anybody is talking about. Everybody will be glued to what exactly mario draghi has to say a little bit later on. Plenty of central bankers are here. Plenty of finance ministers. We walked around yesterday and it was amazing we asked them, who is the most wanted man at davos, and they said it is a ghost of mario draghi. He is not here but he usually comes and this is what everyone is talking about. It will make a difference to everyone here. Angela merkel is here as well which
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 been extremely well communicated and identified by janet yellen, who has done a terrific job in communicating and getting the right anticipations to market operators. I think that is good news in and of itself. The consequences will be a different story. There will be side effects spillover effects, and volatility. This is unavoidable. In terms of the sheer raising interest, it is clearly a good s