Mario draghi commits a trillion dollar qe plan. The ecb president did surprise market to some extent with his announcement of the ecbs version of qualitative easing. 60 billion euros a month in various kinds of purchases, in sovereign debt and assetbacked securities and covered bonds. The surprise came from the amount. There were reports it would be 50 million 50 billion euros a month. He said it would last until at least the end of september 2016. Depending on how effective it is. 80 of these purchases will be handled by the 19 National Central banks and they will be on the hook for some of their own losses. Investors did express a lot of confidence in his plan. One of them was the former chancellor current chancellor of the u. K. This is welcome action from the European Central bank. Action from a central bank is necessary but not sufficient for a european recovery. We want to see this a company by clear plans to make the continent more competitive to create jobs, to make sure our Pu
Fourth quarter. And we go to washington where peter cook has the latest on tighter sanctions on iran. Peter, good afternoon. Good afternoon mark. There is new developments, the Senate Voting on him posing imposing tougher sanctions on iran. That vote was 18 to four. This legislation was opposed by the Obama Administration because they worry any new sanctions against iran could jeopardize ongoing talks and undermine International Support for the negotiations. Several democrats said that they support this legislation. But they said they would not support bringing to the senate floor before the end of march to give the administration more time to work out a deal. That is where it stands right now. At the first action of the committee, chaired by richard shelby. The second time that you have the gavel in your hands. Thank you peter. Why was it important to move forward now, given what the white house says we could risk undermining the talks . It was obvious with an 18 to four vote, a lot o
Will do what it needs to get more bailout money from brussels. Greece is facing a monday deadline. Athens wants to have a deal approved by next wednesday. They are among the investors backing a bermuda venture seeking to raise 2 billion. They also have plans for an initial topic offering within five years. The dallas fidelis will compete with rivals. Tim cook is slamming the indiana law that could allow businesses to refuse to serve gay people. He says their stores are open for everyone. Gayrights groups worry the act will be used by businesses who do not want to provide services for gay weddings. Gay marriage became legal in indiana last year. We have less than an hour until the close of trading. Lets go to the breaking news desk where scarlet fu is looking at all the action on wall street or perhaps lack of action. Scarlet stocks are attending to and four Straight Days of losses. This is a tame come back. The dow is 25 below the 10day average. In the s p 500, energy, tech, and financ
Watching the head of the closing bell. New details about the pilot that may have deliberately caused the deadly plane crash in the french alps. The germanwings pilot notified the owner that he battled depression. This is the first time lufthansa says they have been aware of his mental illness. Treasury secretary jack lew just returning from beijing, saying he had frank and constructive conversations with chinese leaders about reforming chinas economy. He also said here china to establish and maintain clear roles in cyberspace. He is speaking in San Francisco tomorrow. The incoming host of comedy centrals the daily show, is drawing criticism before even takes the job. Meeting trevor noah is being called antisomatic and sexist. He says behind every successful rap billionaire is a double as rich jewish man. Scarlet fu is looking at the action on the street. We are winding down the First Quarter. It went so fast. Scarlet it is so fast, but the trading has really slowed down on this final d
Two of the attackers were killed in a shootout with police. At least to others remain at large. Gunmen were entered were dressed as soldiers as they entered the museum. Antiausterity protesters took to the streets and burned cars and threw rocks. Some of the governors had to be thrown in by helicopter. Mario draghi about the protest. The ecb has become a focal point for those frustrated with the situation. Our action has been aimed precisely a cushioning the shop suffered by the economy. As a central bank of the whole euro area, we must listen carefully to what the citizen are saying. Cory protesters are frustrated over high unemployment and a failing economy. 5. 6 million to greentree. Yesterday we reported j. P. Morgan chase was reported 45 billion. The ceo is under pressure from regulators to shrink the company. Verizon the latest company to go after corn cutters. A mobile tv service could launch as early as june. The person familiar with the top says verizon has secured streaming r