The Presidential Daily Brief

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    Markets Power Past Pyongyang’s Latest Launch, Threats

    They’re betting cooler heads will prevail. The U.N. yesterday condemned North Korea’s latest missile launch, a Hwasong-12 that sailed over Japan, but chose not to levy new sanctions. Meanwhile, the dollar bounced back from a 2½-year low, and today Asian stocks rose, an indication that investors aren’t poised for a regional crisis — despite Pyongyang’s subsequent threat that its launch was a “meaningful prelude” to a previously promised attack on the U.S. Pacific territory of Guam. President Trump nonetheless warned that “all options are on the table.”

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