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U.S. labels China as ‘Currency Manipulator’

Stock futures are stabilizing after Wall Street suffered its worst day of 2019 as the U.S.-China trade war escalates. This morning's bounce back once again comes at the hands of China. The country is taking an about face move and is now stabilizing its currency. This comes after the Yuan fell to a 7-1 ratio against the U.S. dollar on Monday, but the move by China wasn't made fast enough — the U.S. treasury branded Beijing a 'Currency Manipulator' on Monday evening. Yahoo Finance’s Alexis Christoforus, Brian Sozzi and Andy Serwer discuss.