What's The Takeaway From This Year's Davos?

Jan. 28 (Bloomberg) -- Tom Keene and Erik Schatzker report on the takeaway for this year's World Economic Forum in Davos, Switzerland. They speak on Bloomberg Television's "Market Makers." (Source: Bloomberg)

New Dawn for China as Yuan Joins Majors
15:08 - The IMF will add the yuan to its basket of reserve currencies, an international stamp of approval of the strides China has made integrating into a global economic system dominated for decades by the U.S., Europe and Japan. The yuan weakened in offshore trading amid speculation China’s central bank will rein in intervention. PBOC Deputy Governor Yi Gang said at a briefing the long-term goal is for very few interventions, adding that bigger two-way fluctuations are normal.
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