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Transcripts For CNBC Power Lunch 20150122

1178. It is 1 higher. Sue . How you doing . Doing good ty. Lets get you the details on what the ecb or European Central bank did. It shot the big bazooka, a trillion year rows worth for the region. Heres the headlines. In march, the ecb is buying up 60 billion euros a month of bonds. Agency bonds account for 12 of the buying and end date is september of 2016 but that could be extended and weve seen that picture before. Most assets but not all, will be investment grade. The euro headed for its worst month in ten and a half year, plunging 18 . Right now it is trading on the 1. 1378, down 2 on the trading session. The tenyear note at 1. 819 . We are joined here on the floor of the nyse and most is agency, but as long as cypress, portugal, and greece have an imf program, even if the debt is investment grade, they can participate in this. Thats right. Bottom line is this is an openended program. Thats what everyones talking about. Not just one trillion. Can go on if they dont meet inflation

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