The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Iran's state-run IRNA news agency says the country's Revolutionary Guard has shot down a U.S. drone.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future...Food & Beverageread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
Sundar Pichai's note reads like a response to growing scrutiny from regulators, press and employees, and echoes a consistent theme of how Google helps people.Technologyread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
Once again, North Korea on Friday raised the threat to launch a ballistic missile toward the U.S. Pacific territory of Guam. It still hasn't followed through on another threat: to conduct an atmospheric hydrogen bomb test.
The new Guam threat comes ahead of planned U.S.-South Korean joint maritime exercises scheduled to start next week in the Asia-Pacific region. A Navy statement issued Thursday indicated exercises will include the aircraft carrier USS Ronald Reagan and at least two destroyer vessels.
In August, the North's state-run KCNA news agency said the regime was "seriously examining ... an enveloping strike at Guam." The same propaganda outlet renewed the threat Friday against Guam, home to U.S. military bases with an estimated 6,000 troops.
Then, last month North Korea's foreign minister told reporters the regime's leader, Kim Jong Un, was considering "the most powerful detonation of an H-bomb" in the Pacific. It followed Trump's first address to the United Nations general assembly Sept. 19 in which he said the U.S. and its allies were prepared to "totally destroy" North Korea.
"If North Korea puts a nuclear warhead on the tip of a missile and explodes it over the Pacific, that would be the most provocative action North Korea could take short of starting a war," said Kelsey Davenport, director for nonproliferation policy at the Arms Control Association, a nonpartisan disarmament group based in Washington.
Some experts see both the Guam and atmospheric hydrogen bomb test threats as bluster.
"I do not think the North Koreans now are going to make any provocative moves probably for the next month or so," said Harry Kazianis, director of defense studies at the Center for the National Interest, a think tank founded by former President Richard Nixon. "Reason why is with President Trump putting so much pressure on Iran, the North Koreans are very smart to let the Iranians take the heat sort of in the international arena now. "
Kazianis added, "They would be very foolish to do anything on Guam or anything else. They might make threats. But I don't think they'll do any missile or nuclear tests in the short to immediate future."
For its part, the Pentagon remains steadfast in its commitment to handle any threats against Guam.
"U.S. Pacific Command forces always maintain a high state of readiness and have capabilities to counter any threat to Guam, to include those from North Korea," Pentagon spokesman Lt. Col. Christopher Logan told CNBC in an email statement Friday.
Meantime, if the North Korean leader does go ahead with the hydrogen bomb test above the Pacific some experts believe it would spur President Donald Trump to push for regime change in Pyongyang.
The U.S. conducted nuclear weapon testing in the Pacific from 1946 until 1962. The last such test, a 1.45 megaton weapon at high altitude some 900 miles from Honolulu, was dubbed Starfish Prime and roughly 70 times more powerful than the bomb dropped on Hiroshima. The 1962 blast produced a light flash seen throughout Hawaii, damaged power lines and generated enough intensity to trigger burglar alarms.
Still, the most powerful nuclear weapon test conducted by the U.S. was at Bikini Atoll in the Marshall Islands in 1954 and code-named Castle Bravo. Its yield was estimated at 15 megatons, about 1,000 times larger than the 1945 Hiroshima bomb.
Radioactive fallout from the 1954 test spread over 11,000 square kilometers, or nearly 4,300 square miles, according to Davenport. She said it's unlikely North Korea would test a weapon with the scale of the Castle Bravo explosion, which had the force of 15 million tons of TNT.
In September, North Korea conducted its sixth underground nuclear test, which produced a magnitude 6.1 earthquake. Initial yield estimates of about 150 kilotons were later revised upward to 250 kilotons (or 250,000 tons of TNT).
"It's been decades since the last explosion in the atmosphere," said Davenport. "There's a reason why there was a push to ban explosions in the atmosphere before the push to completely eliminate nuclear testing took off," said Davenport. "And that's because the effects are so much more dangerous than underground testing."
The Partial Test Ban Treaty signed in 1963 between the U.S., Soviet Union and Britain prohibited nuclear tests in the atmosphere, underwater and outer space. More than 100 countries joined the treaty as signatories but not North Korea nor its key ally China.
Experts point out that radioactive fallout from a North Korean atmospheric nuclear blast would depend on the size of the detonated device, the location where it explodes, wind patterns and a number of other environmental factors.
Regardless, there's the potential for radioactive particles to be carried long distances in the air that could reach the U.S. West Coast.
"If radioactive particles became entrained in the jet stream winds, they could be transported toward the east quite quickly — the strongest winds in a jet stream can be over 200 miles per hour," said Peter Jackson, an environmental science professor at the University of Northern British Columbia.
Jackson also explained that material from the nuclear blast could linger in the stratosphere for a long time similar to particle-size distributions from major volcano eruptions. Indeed, particles from significant volcanic events have been observed in the stratosphere for several years following eruptions.
"The fallout for a detonation in the atmosphere, or even on land, can move across the Pacific in a few days to a week," said Ken Buesseler, marine radiochemist with the Woods Hole Oceanographic Institute in Massachusetts.
In the case of Japan's Fukushima Daiichi nuclear power facility disaster in 2011, Buesseler said it took "less than a week" for winds to blow the radioactivity to California. "You could detect that in San Francisco and other West Coast monitoring stations," he said.
To be clear, even Fukushima-related radiation detected in the Western U.S. was not deemed to be at levels posing a health risk.
Similarly, if North Korea goes ahead with the atmospheric test in the Pacific there likely will be radioactive particles detected from California to states in other regions.
"If they set something off as an airburst in the middle of the Pacific, we can detect it here in New York and probably in Europe," said Andrew Karam, a radiation safety expert consultant who has advised corporations and government agencies. "But that doesn't mean that it's dangerous."
Either way, it's unclear if North Korea would provide advance notice of any nuclear test in the atmosphere to reduce the danger to aircraft and ships.
The communist state failed to alert the world before it launched a Hwasong-14 intercontinental ballistic missile on July 28 that splashed down in the Sea of Japan. The missile test reportedly had a close call with an Air France passenger jet that had just passed the splashdown location.
Previous ballistic missile tests by the regime didn't use active nuclear bombs. So the threat to use such a weapon for a test over the Pacific raises the stakes and the possibility of a nightmare scenario if something goes wrong.
For example, the nuclear-armed missile fired from North Korea could veer off course into a neighboring country and cause the unthinkable: detonation in a populated area.
"The risks are astronomical," said Kazianis. "We don't know for certain the amount of safety measures that they've worked into these weapons. If you talk about the United States or Russia, there are safeguards. So you might have an accidental war start by the North Koreans actually trying to test one of these things."