3Dollars: Harvey Bears Down, North Korea too


Nation Watches Houston with Bated Breath, North Korea Baits the World

$1 North Korea flew missiles over Japanese air space last night. Asian markets are in a tailspin as a result. Given natural disasters and political uncertainty in the U.S. and western Europe, conflict with North Korea is not ideal for East Asia. The effects on U.S. markets remain to be seen.

$2 Hurricane Tropical Storm Harvey wreaked historic havoc on Houston, the fourth most populous U.S. city. Rainfall totals topped 35 inches ahead of another landfall forecast to bring 15-25″ with it. Refineries and chemical plants along the shipping route shuttered this week. Gasoline futures continue skyrocketing; oil futures to follow?

$3 Uber chose Expedia’s former executive, Dara Khosrowshahi, to head the company into a potential IPO. The company continues to struggle against recent publicity and swelling competition. The mercurial new head seeks to stem these tides, a welcome respite for investors.

That’s all for now.

-Joe

Leave a Reply