Stock markets plunge as U.S.-China trade war escalates with no end in sight

The trade battle between the U.S. and China is rocking stock markets around the world. Market futures predict a rebound today after Wall Street's worst day of the year. Major indexes lost nearly 3% or more yesterday and the Treasury Department is now labeling China as a currency manipulator. CBS News business analyst Jill Schlesinger joined "CBS This Morning" with more on what that means for your money.