Sabri Beneshour

So the Strait of Hormuz is, you know, at the center of what is happening to global energy prices.

What did President Trump say about that?

The price of oil went up right on up after the president's stress.

Does that mean investors are now expecting the oil supply problem to persist for longer than they did going into the speech?

Time now to check the Marketplace Economic Pulse.

This is our regular check-in on how the economy is doing from different perspectives.

Today, the pawn indicator, as in pawn shops.

For nearly 60 years, a place to hawk objects for cash has been a fixture in West Hollywood, California.

In big letters, the storefront reads, Elliot Salter gives instant loans.

And as with any pawn shop, the place also sells the collateral objects when the loan isn't paid back.

Marketplace's David Brancaccio stopped in to meet Mr. Salter himself.

That was Marketplace's David Brancaccio there, speaking with pawn shop owner Elliot Salter in West Hollywood, California, part of our Economic Pulse series.

In New York, I'm Sabri Beneshour with the Marketplace Morning Report.

From APM American Public Media.

Markets are hopeful, but for now the war is still very much on.

From Marketplace, I'm Sabri Beneshour, in for David Brancaccio.

President Trump is scheduled to address the nation about Iran tonight at 9 p.m.

Eastern.

He told reporters yesterday the war could wrap up in two to three weeks, even if there is no peace deal struck with Iran's government.

Meanwhile, Iran has issued a new threat against U.S.