Business Bible News Market Minute: July 10 @ 4:00PM ET

This is a Business Bible News Market Minute for Friday July 10 at 4:00 PM Eastern Time. According to Bloomberg, Xbox has announced the layoff of 1,600 employees this week, with plans to cut another 1,600 jobs over the next 12 months, creating uncertainty among remaining staff. Global markets are mixed today. In overseas trading, the Nikkei is up 1,650 points. The Dow is up 152 points to 52,640. Oil is trading at $71 per barrel while gold is at $4,113 per ounce. Today's Daily Principle is BUSINESS, specifically dealing with Wages. This principle is found in 1 Kings 5–6. The verse reads: 'So send your men to Lebanon to cut down cedars for me. My men will work with them, and I will pay your men whatever you decide. As you well know, my men don't know how to cut down trees as well as yours do.' Learn more at businessbible.com where Daily News meets Daily Principle.