It is of the LORD'S mercies that we are not consumed, because His compassions fail not. They are new every morning: great is Thy faithfulness.
Regardless of what might have happened yesterday. How you perceive a new day, it will determine and shape how you experience today.
"It is of the LORD'S mercies that we are not consumed."
It should birth in you the mindset of being grateful. Which is an essential part to start each new day.
Next we see the act of eternal assurance. Hence, we read:
"because His compassions fail not."
In the assurance of the Lord's compassion, may we find purpose in this world, in our life and living. One to another, with faith in God.
We also read:
"His mercies are new every morning."
The idea of the phrase "new every morning," this speaks of bountiful, or abundant. The word abundant also means easy. Therefore, it is not a difficult thing to start your day right if you learn to look to the right place. Wherein, you may find a heart of gratitude with the peace of assurance of God's love toward you.
For this is how we find hope.
Thus, we read prior to the two verses:
This I recall to my mind, therefore have I hope.