for resiliency at the edge, trust schneider electric and it orchestration by cdw®. get it. emily: a key witness in the criminal trial of trevor milton, saying he made it $600,000 from a report about the company. paul taking the stand in lower manhattan court for the second on wednesday, taking charges he lied about the technology and progress to pump the stock. ed ludlow has been in court every day following the proceedings. tell us about paul lackey, who is and why he matters. ed: he's an engineer who works for a company, in 2016, trevor milton contracted with them to work on the first prototype. as we reported when that truck was unveiled in december of 2016, it was missing key components and never functioned. on a one, he explained of the missing key parts to government prosecutors, they too on wednesday listed -- it was the defense to cross examine and in so doing, lackey sold information, that the key parts are missing and that it never functioned to nate anderson. the short fellow that published the short report in september, 20 16 that ultimately set in motio

for resiliency at the edge, trust schneider electric and it orchestration by cdw®.nne: setting up for the china open, they have reduced the fx for the second time this year to boost the renminbi. let's get more from sophia. it did not work in april when they did it. will it work this time? >> it is flowing you want against the dollar. it is still relatively strong. that is what matters when it comes to supporting export growth. the euro is incredibly weak and the yen is incredibly weak and that is factoring into all of it. it's about managing the pace rather than defending the line in the sand. i think seven per dollar is pretty much baked. it should be interesting because if we get a fixed income that is weaker than x .9, what analysts are saying is there are so many positions around that number that we could see [indiscernible] it could be a very interesting discussion this morning. paul: you say seven inevitable but what does it really mean? is it a psychological level and where does depreciation bottom out? >> it is psychological level. when this first happened