U.S. Markets close in 4 hrs 42 mins

China Readies Response to U.S. Tariffs

Aug.15 -- China called looming U.S. tariffs a violation of accords reached by Presidents Donald Trump and Xi Jinping, vowing retaliation. Beijing also pushed back on Trump’s effort to link the trade war with the turmoil in Hong Kong. Trump on Thursday said he had a call coming soon with Xi. Tom Mackenzie reports on "Bloomberg Daybreak: Australia."