Business Bible News Market Minute: January 21 @ 11:00AM ET

This is a Business Bible News Market Minute for Wednesday January 21 at 11:00 AM Eastern Time. According to Bloomberg, Jamie Dimon said President Donald Trump’s proposal to cap credit-card interest rates would spell economic disaster for the US, forcing banks to pull credit lines for many Americans. Global markets are mixed today. In overseas trading, the Nikkei is down 277 points. The Dow is up 476 points to 48,965. Oil is trading at $60 per barrel while gold is at $4,845 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.