Recapping the day's news and newsmakers through the lens of CNBC.
What do you do when you feel better about things? Buy a car, of course. Buyers shelled out big time in August, giving nearly all automakers double-digit sales gains, beating expectations. This despite lots of rising prices, with the average light vehicle costing $31,252 in the U.S., up 3.2 percent in the past year. Prices often rise in August because of low supplies at the model-year changeover, so September's numbers will be key to assessing the industry, which so far looks strong.
"Any way you measure it, auto sales remain very strong and that's not expected to change."—CNBC's Philip LeBeau
"This is really an amazing renaissance."—CNBC's Jim Cramer