Business Bible News Market Minute: February 20 @ 11:00AM ET

This is a Business Bible News Market Minute for Friday February 20 at 11:00 AM Eastern Time. According to Bloomberg, Asian equities fell and oil rose to its highest level since August as escalating tensions in Iran weighed on sentiment. Global markets are down today. In overseas trading, the Nikkei has moved down 596 points. The Nasdaq is up 246 points to 22,928. Oil is trading at $66 per barrel while gold is at $5,068 per ounce. Today's Daily Principle is Economics, specifically dealing with Causality. This principle is found in Psalm 1–3. The verse reads: 'They are like trees that grow beside a stream, that bear fruit at the right time, and whose leaves do not dry up. They succeed in everything they do.' Learn more at businessbible.com where Daily News meets Daily Principle.