Recapping the day's news and newsmakers through the lens of CNBC.
Syria's widening economic impact and $150 oil
Among the growing concerns about economic fallout from the Syrian conflict: An Iraqi oil pipeline to Turkey has been repeatedly attacked, and Brent crude oil, now about $116 a barrel, could go as high as $150 in a worst-case scenario, according to one analysis.
Sen. John McCain ruled out extreme reactions like a closing of the Suez Canal but insisted that any reprisal over the Syrian government's use of poison gas would have economic impacts in the Middle East and beyond.
Others note that gasoline prices are already higher in the U.S. than a year ago; that trouble in the Mideast could prevent the usual drop in gas prices after Labor Day; and that economic slowdown due to the Syria crisis could make the Federal Reserve postpone its tapering plan.
"There are economic impacts if this conflict continues to spiral out beyond the borders of Syria. Those who think we can contain this within Syria, frankly that's just not what's happening in that part of the world."
—Republican Sen. John McCain
"If this Syrian action doesn't end after 48 hours [of bombing], it could hamper global growth. It could even have an impact on the Fed's taper calculus."
—CNBC's Bob Pisani