Business Bible News Market Minute: August 10 @ 6:00AM ET

This is a Business Bible News Market Minute for Monday August 10 at 6:01 AM Eastern Time. According to Bloomberg, China has launched a $28T capital market strategy to compete with the United States in artificial intelligence, marking a departure from its previous dependence on subsidies and state funding. Global markets are up today. In overseas trading, the Nikkei is up 1,343 points. The Nasdaq is the largest mover in the U.S. markets, up 338 points to 26,686. Oil is trading at $79 per barrel while gold is at $4,402 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Scarcity. This principle is found in Ephesians 3–20. The verse reads: To him who by means of his power working in us is able to do so much more than we can ever ask for, or even think of: Learn more at businessbible.com where Daily News meets Daily Principle.