USA stocks fell sharply on Thursday, with the S&P falling 1 percent and the Nasdaq sliding 1.5 percent, hurt by investor nervousness over escalating tensions between the United States and North Korea and lackluster results from retailers Macy's and Kohl's.
Bombers "deployed from Guam frequently come flying in the skies over South Korea and explicitly carry out drills for actual war", Pyongyang said in its recent statement, calling Guam "the United States' outpost and starting base for invasion".
21st Century Fox will report earnings after the market close in the U.S.
Germany on Wednesday called on China and Russian Federation to dissuade Pyongyang from pursuing policies that would lead to a military escalation on the Korean peninsula after North Korea said it was considering a missile strike on Guam.
The South Korean won sank around 0.8 per cent to 1,133.8 to the U.S. dollar, its lowest since July 14. But advances in the country's nuclear program paired with fiery rhetoric from President Donald Trump has raised the already high animosity and heightened worries that a miscalculation might spark conflict between the nuclear-armed nations.
Japan and South Korea vowed a strong reaction if the North were to go through with the plan.
In August a year ago, the North's Foreign Ministry warned that all USA military bases in the Pacific including Guam would "face ruin in the face of all-out and substantial attack" by the North's military.
"This is a system that has never been called upon to shoot down a North Korean missile before. And it threatens the peace of the region, the peace of the world". It is an important departure point for bombers and submarines that could operate against North Korea and is a likely primary target for North Korea in the event of war.
The U.S. military has said it plans to increase its presence on Guam and will move thousands of U.S. Marines now stationed in Japan to the island between 2024 and 2028.
"The KPA Strategic Force will finally complete the plan until mid August and report it to the commander-in-chief of the DPRK nuclear force and wait for his order", the North Korean general said.
Reportedly called America's "permanent aircraft carrier" by military commanders, Guam is home to some 6,000 US service members. "Few participants, however, think that North Korea would actually strike Guam at this juncture".
The U.S. took control of Guam in 1898, when Spanish authorities surrendered to the U.S. Navy.
"We're not very oversold yet so the market still has more downside left to it. My heart is pumping right now".
Pyongyang responded by saying it was studying plans for an attack on Guam, a US territory and home to Andersen US Air Force Base. Most of the USA, other than the Florida peninsula, is also within that range.
In response to two test-fires of intercontinental ballistic missiles (ICBM) by North Korea last month, the USA and South Korea repeatedly fired missiles into neutral waters close to North Korea.
"If they had confidence from their readings that they would not hit USA territory, it's possible they'd just let them fall into the sea, but I think they'd also take a very serious look at shooting them down", he said.
McCain says he takes exception to Trump's comments "because you got to be sure you can do what you say you're going to do". The selling in USA markets started on August 8 after President Trump warned North Korea that threats will be "met with fire and fury".
Trump issued the warning during a briefing on opioid addiction at his golf course in Bedminster, New Jersey.
That's a key benchmark in the country's attempt to become a full-fledged nuclear power. The Treasury Department has estimated it can meet its financial commitments for two more months.
By announcing the test North Korea is placing a public wager on itself. THAAD, or the Terminal High Altitude Area Defense, is one of the U.S.'s main weapons against offensive missiles.
Republicans May Seek Bipartisan Approach to Healthcare Reform
One would also allow the president to rescind budget authority over unobligated funds and to order the sale of government assets. Passing a bill would be easier if Republicans focused on the corporate tax code rather than monkeying with personal tax rates.