he is axel weber.told us what kind of program he things will address europe's problems. >> acuity program -- a qe program in my view doesn't address the problem. it addresses the issue of market access and sovereigns. sovereigns don't fund small and medium enterprises. >> i'm up here in the cold because francine lacqua has been downstairs with a fantastic panel. really great thought leadership coming out of that panel. she has people like larry summers, ray dalio, goldman sachs' gary cohn. she is going to bring us the highlights of that. they've been talking about the ecb. some really great conversations taking place. we will bring that to you in a few minutes. we'll also bring you the ecb news conference. that is live and in full at 1:30 u.k. time. if you want to follow the debate, please join in. we'll see you very shortly. ♪ >> welcome back to "the pulse" and welcome back to davos. i'm guy johnson. >> and i'm francine lacqua. we are live from switzerland and it is day to. it is all about qe. there i

to unveil a qe-type policy at the ecb's january 22 policy meeting according to the ups chairman, axel weberking exclusively to bloomberg whether -- weber laid out his predictions for the euro. >> they will announce some action on the 22nd. i think the recent oil price has given a lot of pressure in europe to consumer price inflation falling very low. it is way below the target and the ecb has already indicated before that they will do something. what in detail, i don't think it will just be a government bond purchase program. it will be a mix of issues. it will be sovereign debt, corporate bonds, also some sovereign debt and there might be some conditionality on buying the higher graded government bonds. >> one of the consequences of it would be a cheaper euro, the devaluation of the euro. how much do you think that will help? >> it has already helped. you can see that the mere discussion around having such a program has already helped the euro come down from a $1.40 to a -- from a 1.40 dollar to a 1.18. that has helped the european economy, but it helps all the european economies. every ti

. >> qe suggests chairman axel weber suggests the ecb will unveil bond buying. >> plus, predator, noty. pharmaceuticals to combat rare diseases. good morning, everybody. you are watching "the pulse."

axel weber kicked off that story this morning. main market guys have been telling us that. you can see it on the screen. the euro has been dipping strongly. there has been a speed through into the exports. ec castoffs doing well -- bmw trading higher, daimler, stocks like renault in paris -- they have been a good day as they continue to motor on. the biggest holdings in government bonds here in europe they continue to gain in value. the yield continuing to get crushed. the spanish-yield under pressure. 10-year. mario draghi wanted asset prices up. he wanted to get the euro lawyer -- lower. he wanted to get the export market moving. tick i the box there. he did even more what's on were expecting in the market close reflecting that. >> guy johnson, thank you. >> we are at the world economic forum. you heard guy johnson talking about quantitative easing. we have been looking for the right people to talk to, and if you walk around the town long enough, you will run into the king of the mountain, sitting right here, larry fink the chai

. >> axel weber, the man who knows. >> cheap you morgan says parity by the end of the year. -- jpmorganparity by the end of the year. >> coming up is the aussie kiwi heading towards parity? don't move. ♪ >> time for today's bar chart. is the aussie kiwi heading for parity? the big question is the talk of traders as australia's currency has never traded at parity against the new zealand dollar since the exchange rate started floating freely back in the 1980's. this is the aussie kiwi going back to 1984, and it shows on wednesday last week bottom right-hand corner of the screen. the aussie flopped to 1.03. it is the closest it has come since 1984. it has come close before on june 30, 1985. december 31, the red circle, 2002, it went to one point 07 new zealand dollars, but never this close. the aussie dollar since this point has slumped more than 7% against the kiwi. that is more than any quarter since 2002. the big question is what is going on. pressure is building on the australian central bank to cut rates. the economy is struggling from a slide in economy prices. the housing boom is dr