Spain Trade Balance unchanged at €-1.9B in December

Ray Dalio, founder of the world's largest hedge fund told CNBC's "Squawk Box" at the World Economic Forum in Davos, Switzerland that amidst this turmoil in the financial markets and growth concerns back home, the Fed will not tighten monetary policy at all. He said that the Fed is likely to ease further. "I think a move to a quantitative easing would bolster psychology," he said.