Trading volume is low after the Labor Day Weekend. The standoff between North Korea and the U.S. and its allies escalated over the weekend after Pyongyang said it had successfully tested its largest-ever nuclear bomb. The regime will be ready to launch a new intercontinental ballistic missile as soon as this Saturday when the country celebrates its founding day. U.S. Defense Secretary Jim Mattis warned North Korea that it would be met “with a massive military response” if it attacks the U.S., Japan or South Korea, while Nikki Haley, the U.S. ambassador to the United Nations, said at a UN Security Council emergency meeting that Kim Jong Un was “begging for war.”
Factory orders for July fell after June had big orders for Boeing aircraft. They fell 3.3% in July, after an upwardly revised 3.2% gain in June, accoring to the Commerce Department. That’s the biggest monthly drop in nearly three years, but was slightly better than the 3.4% drop expected by economists. Orders for non-defense capital goods excluding aircraft were up 1%.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
