Yesterday, North Korea launched a ballistic missile over Japan. That’s seen as another direct provocation that could destabilize the region. Japanese Prime Minister Shinzo Abe called the missile test an “unprecedented, grave and serious threat that seriously damages peace and security in the region.” President Trump has previously said the U.S. would react with “fire and fury” if Pyongyang stepped up threats against the U.S. and its allies. This morning he said that “all options are on the table.”
The consumer confidence index rose to 122.9, up from July’s revised 120 according to the Conference Board. Eonomists expected 122.5 for August. The index hit a 16-year high of 124.9 in March. Economists said consumers are feeling better given rising home prices, a healthy job market, and stocks near record highs. This should help consumer spending in the third quarter. Spending by households has contributed to GDP growth in the first half of the year.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
