Wake Up Wall Street: Trump Reverses His Position on China

Here are five things you must know for Thursday, April 13.

Author:: TheStreet Staff
Publish date:: Apr 13, 2017 7:31 AM EDT

This is what you need to know before the opening bell:

1. The U.S. President, in an interview with The Wall Street Journal, said he wouldn't declare China a currency manipulator, following meetings he had last week with his Chinese counterpart, Xi Jinping. Trump had said during his run for president that the Chinese were keeping their currency artificially week.

2. Earnings are expected Thursday from JPMorgan Chase (JPM) - Get Report , Citigroup (C) - Get Report and Wells Fargo (WFC) - Get Report .

3. Warren Buffett's Berkshire Hathaway (BRK.A) - Get Report trimmed its stake in Wells Fargo, according to regulatory documents filed on Wednesday. Berkshire Hathaway withdrew its application to the Federal Reserve to boost its ownership stake in the bank to above 10%, and will instead sell about 9 million shares to keep it below that threshold.

4. Apple (AAPL) - Get Report has put together a small team of biomedical engineers that are part of a secret initiative, initially envisioned by late Apple co-founder Steve Jobs, to develop sensors that can non-invasively and continuously monitor blood sugar levels to better treat diabetes.

5. United Airlines (UAL) - Get Report said Thursday it was offering compensation to all passengers on a flight from which a 69-year-old passenger was dragged off the plane by security officers.