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. 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 it is more likely to happen 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 things are moving in the right direction. Employment is up, unemployment down. And inflation is hopefully giving little signs of moving up in the right direction. With these two indicators, which have been extremely well communicated and identified by janet yellen, who has done a terrific job in communicating and giving the right anticipations to market operators, i think that it is good news in and of itself. The consequences will be a different story
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 things are moving in the right direction. Employment is up, unemployment down. And inflation is hopefully giving little signs of moving up in the right direction. With these two indicators, which have been extremely well communicated and identified by janet yellen, who has done a terrific job in communicating and giving the right anticipations to market operators, i think that it is good news in and of itself. The con
Will quantitative easing work in europe . How much weight do we need give to the price of oil when setting Monetary Policy . Are Monetary Policy and currency wars the biggest risks to business . Joining me to discuss this, we have a cracking panel. Christine lagarde, managing director of the imf. Gary cohn, coo and president of goldman sachs. Ray dalio, founder and chief 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 things are moving in the
Groupon reporting after the close. Let me do a data check. Futures are up three. The euro impinges on european exports. Nymex crude under 100. The next showing a good feeling in the equity markets. The euro stronger yen. Markets in a jumble. Lets get to front page. We have some news right now. Merck has reported the sale of its consumer unit to bayer of germany. Point 2 is 14 billion. Richer than expected. Merck will update its guidance. This collaboration includes a 1 billion upfront payment to bear. Terck will make an upfron payment to bayer. There have been a couple of different vendors. You have to wonder what some of them just hold out. This is why hate pharmaceutical deals. I cannot pronounce anything. Coppertone and claritin. That is with the businesses. Expects a boost of eight to 9 billion. Bayer will go after hawaiian tropic you remember when you use to put coconut butter. Of people would put on all of oil because they want to be tan. Lp, put foil on it. This was an entire se
Building permits, and housing. 9 45, the Bloomberg Consumer comfort index. Earnings, oracle and red hat after the bell. The senate votes on whether to appropriate funds for the training and arming of syrian rebels. Petro poroshenko is addressing congress. He is going to congress in an appeal for support. Some pageantry there. I thought the headlines were pretty perfunctory out of ukraine. In what sense . Nothing like bombing or missiles are people dying. Will beder what putin doing as Petro Poroshenko meets with obama. There is a ceasefire there and people are still dying. Lets do a data check. Something off of the janet yellen comments. Futures up 8. 10 year yield higher. Currency markets really show the move. Eurodollar 1. 2873. Hydrocarbon churn. Brent crude, under 100. Vix, 12. 68. Weaker 108. 67. A gold, massive support at 1200. On the watch for a break of support of gold. Were t that point. Pairs. The major Asian Financial crisis as seen through the relationship of south korea an