Business Bible News Market Minute: August 4 @ 6:00AM ET

This is a Business Bible News Market Minute for Tuesday August 4 at 6:00 AM Eastern Time. According to Bloomberg, China’s rapid advancements in artificial intelligence are creating intense competition for U.S. model makers, referred to as a 'death zone' for businesses lacking cutting-edge technology or competitive pricing. Global markets are up today. In overseas trading, the DAX is up 528 points. The Dow is the largest mover among U.S. indices, showing an increase of 976 points to 53,184. Oil is trading at $82 per barrel while gold is at $4,106 per ounce. Today's Daily Principle is Economics, specifically dealing with Recession. This principle is found in Genesis 41–30. The verse reads: 'After that, there will be seven years of famine, and all the good years will be forgotten, because the famine will ruin the country.' Learn more at businessbible.com where Daily News meets Daily Principle.