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"Spending has remained resilient. That makes us think the decline in confidence is overdone and will rebound soon."

"In general, we've seen Trump walk back his most attention-grabbing threats, which tend to be those that would drastically increase the U.S. effective tariff rate or threaten the trade truce with China."

The threat came via social media, as the president expressed frustration with how long South Korea is taking to ratify last year's trade deal.

In November, U.S. durable goods orders rose by the most in 6 months.

Although President Trump has backed off threats of additional tariffs and a possible Greenland invasion, European leaders' faith in the U.S. has taken a hit over the past week

The 200,000 initial jobless claims suggest employers are still in a pattern of limited layoffs.