Bank of America
Helen Qiao, a chief greater China economist at Bank of America, discusses China’s economy, PBOC stimulus, and the boosting of imports of U.S. consumer goods. Marc Chandler, a global forex managing partner at Bannockburn, joins the conversation on "Bloomberg Daybreak: Americas."
California utility company PG&E soared in late trading after Bank of America said fees about the company's link to wildfires are overdone and default worries are overstated. Moody's though, has cut PG&E to BAA3 and says the stock may be downgraded to junk.