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CNN CNN Newsroom Live September 2, 2015 04:25:00

Ways. our direct are trade is less than 1% over of l of our gdp is done from them. with the yuan devaluation, for them, not for us, we are buyers. the dollar has been strong. they try to peg the yuan to the dollar. goods and services should be better. china is going from a production, manufacturing economy to a consumer economy that will take some time. the stock market was way overvalued. absolutely a lot of borrowed money propping up that stock market. one thing investors are talking about is the federal reserve reyes raising interest rates. given what is happening in china and the slow down in the economy, and the devaluation of their currency is right now the right time to raise rates? the preponderance of the evidence is they will not raise rates. they have had zero interest rates for years. ....

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CNN Early Start With John Berman and Christine Romans August 13, 2015 09:39:00

We are actually seeing stocks higher. asian shares are up despite the yuan devaluation. we are seeing stocks higher in europe. stock futures in the u.s. higher. china central bank came out to calm global fears of the yuan plunge in recent days. it has no more plans to devalue the currency. china central bank is billing it as free market reform. experts are saying it is making exports cheaper. that means a stronger dollar and that hurts exporters. we are keeping an eye on crude oil. prices stabilized after a lower than expected supply in the u.s. opec climbed to a record in july. the national average is $2.61. that is almost a dollar cheaper ....

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CNN Early Start With John Berman and Christine Romans August 13, 2015 08:52:30

Transcripts for CNN Early Start With John Berman and Christine Romans 20150813 08:52:30
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