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President Trump Calls China 'Champion' of Currency Manipulation

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News video: President Trump Calls China 'Champion' of Currency ManipulationIvanka TrumpIvanka TrumpDonald TrumpDonald Trump
China's Central Bank has spent billions of dollars in foreign exchange reserves in the past year to prop up the yuan to counter capital outflows. President Donald Trump, in an exclusive interview with Reuters, called the country the 'Grand Champion' of Currency manipulation. Treasury Secretary Steve Mnuchin says he is not ready to pass judgment on China's currency practices. Google (GOOGL) and Uber are in a legal fight to control the future of self driving cars. Google's autonomous car group, Waymo, says Uber has stolen some of its technology, Specifically, the part that allows cars to map the environment around them. Uber says it is looking into the matter. Nordstrom (JWN) profit beat expectations despite the controversy around the Trump family. Company executives say the impact of Ivanka Trump products being pulled was 'negligible'. Nordstrom Rack, it's discount stores, were especially strong.


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