Sudden Chinese currency devaluation has global consequences
Clip: 8/12/2015 | 8m 4s
Sudden Chinese currency devaluation has global consequences
Following market forces, China again devalued the yuan, rocking world stock and currency markets for a second straight day. According to some analysts, the change could hurt U.S. companies that do a lot of business inside China, like Apple and Coca-Cola. Judy Woodruff gets analysis from Eswar Prasad of Cornell University and Michael McDonough of Bloomberg.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Sudden Chinese currency devaluation has global consequences
Clip: 8/12/2015 | 8m 4s
Following market forces, China again devalued the yuan, rocking world stock and currency markets for a second straight day. According to some analysts, the change could hurt U.S. companies that do a lot of business inside China, like Apple and Coca-Cola. Judy Woodruff gets analysis from Eswar Prasad of Cornell University and Michael McDonough of Bloomberg.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...