State Department Press Briefing on North Korea

WATCH LIVE: State Department expected to address North Korean threats in news briefing

Defense Secretary James Mattis said during a August 11 press conference that a war with North Korea would be "catastrophic".

"The tragedy of war is well-enough known it doesn't need another characterization beyond the fact that it would be catastrophic", he added.

On Tuesday, Trump threatened North Korea with "fire and fury" if Pyongyang made any further threats against the United States. A few moments later, he made her wildest dreams come true.

And while Mattis warned on Wednesday that North Korea would be "grossly overmatched" by the US and its allies if a military conflict were to break out, some senior administration officials have provided a counterpoint to the President's more inflammatory rhetoric.

North Korea successfully tested an intercontinental ballistic missile last month for the first time, and US intelligence agencies assess that Pyongyang is capable of producing a compact nuclear warhead and putting it atop a long-range missile. North Korea says it will "keep closely watching the speech and behavior of the U.S".

"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".

U.S. stocks close lower after President Trump's remarks to North Korea
ENERGY: Benchmark U.S. crude lost 23 cents to $48.94 per barrel in electronic trading on the New York Mercantile Exchange. Inflation has risen 1.7 percent over the past 12 months, suggesting that inflation pressures remain well under control.

"The American effort is diplomatically led, it has diplomatic traction, it is gaining diplomatic results and I want to stay right there right now", Mattis said the event.

When asked what options the USA has ready, Mattis declined to answer, saying instead, "I'm not going to tell the enemy what we're going to do".

South Korea's presidential office says top national security adviser Chung Eui-yong will chair a national security council meeting in the afternoon to discuss the North Korean threats.

He said that the U.S.is dealing with the North Korean threat with an effective diplomatic effort.

North Korea Gen. Kim Rak Gyom said Trump is "extremely getting on the nerves" of his soldiers by making comments that showed his "senility" again.

"How often to do you see France, China, Russia, the USA voting unanimously on any issue?" he asked.

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