“Trump's First Address to the U.N.”

NEW YORK - In his first address to the United Nations General Assembly on Tuesday, President Trump will urge other countries to do their part in confronting threats such as North Korea. "Nations cannot be bystanders to history," said a White House official who briefed reporters on the speech. Trump will also argue that his nationalist doctrine of "America First" is not an impediment to international cooperation, but rather a rational basis for countries to work together, without losing sight of their own self-interest. "The United Nations, as the president will explain, was conceived on the idea of independent nation-states cooperating together," said the White House official, who spoke on condition of anonymity to avoid stepping on the president's message. While twice in recent weeks, the U.N. Security Council has agreed to impose sanctions on North Korea for its ongoing nuclear and missile tests, the U.S. is looking for more.

In Other News Toys 'R' Us is filing for bankruptcy protection. The toy retailer has filed for Chapter 11 bankruptcy protection in the United States, it said in a statement on Monday. The company said it will use the proceedings to restructure its $5 billion outstanding debt. Despite the bankruptcy filing, Toys 'R' Us said its 1,600 stores worldwide continue to operate. The New Jersey-based retailer has nearly 65,000 employees globally. Toys 'R' Us, like the rest of the retail industry, has been hurt by the dominance of Amazon as people increasingly buy toys online.  The dollar is down nearly 10 percent since the beginning of the year. The greenback's tumble against a basket of currencies reflects both positive and negative trends. While the policy gridlock may be viewed as a negative factor weighing down the dollar, "positive" factors are also pushing the currency lower. A strengthening global economy is among them. For example, faster growth in Europe is boosting the euro. It now costs $1.19 to buy one euro, up from just $1.03 late last year. That's a disappointment for U.S. tourists visiting eurozone countries, because your money won't go as far. But it's a boon for U.S. exporters whose products are more competitive.