The Conference Board reports its leading economic index jumped 0.4% in August to cap off a summer of high readings and points to faster growth in the months ahead. The index tracks a number of measures to assess the economy, including employment, layoffs, housing, manufacturing, stock prices, and interest rates.The latest report does not reflect the devastation caused by hurricanes Irma and Harvey, but the damage they cause the economy is likely to fade after several months.
Treasury Secretary Steven Mnuchin yesterdaysaid financial companies around the world “are now on notice” about doing business with North Korea. “Foreign financial institutions are now on notice that going forward they can choose to do business with the U.S or North Korea, but not both,” he said, following up on President Trump’s announcement that he signed an executive order that targets the rogue regime and nations that do business with it. He said the actions will be “forward looking” and will take effect immediately in an effort to force President Kim Jong Un to cease his “hostile behavior.”
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
