military and economic might in the region and escalating provocations from north korea which u.s. intelligence thinks may be planning a missile test while mr. biden is there. let s bring in cnn s paula hancocks live in seoul for us. good morning, tell us what is the underlying purpose of the president s visit there? reporter: what the president is here for and what he would like to be talking about is alliances. and talking about economic prosperity and partnership with south korea, talking about security ties. what he might find creeping up the agenda though is north korea. as you mentioned there, we have heard from both u.s. and south korean intelligence sources that they do leave that an icbm test, intercontinental ballistic missile test, may be imminent. this is the kind of missile that if fired at a normal trajectory could potentially hit mainland united states. at this point we re hearing from a u.s. source telling cnn s barbara starr that they believe that they may e
realistic outlook. the problem in the stock market this week really was these concerns about the u.s. consumer. over the long term, never count out the u.s. consumer. but we looked at walmart earnings and target earnings and you are starting to see where they are saying also other data that the wall street journal reported on the subprime borrower, the paycheck to paycheck consumer starting to show some signs of strain here? yeah, there is a bit of a bifur bifurcation. there are people doing fine, able to save money, you know, upper middle class. and they are still doing okay. they have a nice cushion of savings. and their house is worth a fortune. and their stock portfolios are not completely destroyed yet. and then you have people who don t even have stock savings who might not own homes for whom gas prices and the price of milk and things like that really do matter. and that is starting to cut into their budgets. there just is not money left over. and this week both walmart