KCNA | Reuters
North Korean leader Kim Jong-Un smiles during a visit to the Chemical Material Institute of the Academy of Defense Science in this undated photo released by North Korea’s Korean Central News Agency (KCNA) in Pyongyang on August 23, 2017.
A daily morning look at the financial stories you need to know to start the day.
-Stock futures are sharply lower in response to North Korea’s firing of a missile that passed over Japan. We get the Case Shiller home price index this morning and a read on consumer confidence.
-Gold is up to a 9 1/2 month high of $1,325 an ounce and the yield on the 10-year treasury note is down to 2.1 percent, both thanks to North Korea fears.
NORTH KOREA THREAT
-President Donald Trump has issued a statement saying that “all options are on the table” in response to North Korea’s missile launch. The U.N. Security Council will meet today to discuss the issue.