Business Bible News Market Minute: August 4 @ 9:30AM ET

This is a Business Bible News Market Minute for Tuesday August 4 at 9:31 AM Eastern Time. According to Bloomberg, China’s advancements in artificial intelligence are significantly closing the gap with Silicon Valley, creating a challenging environment for U.S. model makers. Global markets are up today. In overseas trading, the Nikkei is up 199 points. The Dow is up 786 points to 53,964. Oil is trading at $77 per barrel while gold is at $4,122 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.