Business Bible News Market Minute: July 13 @ 9:30AM ET

This is a Business Bible News Market Minute for Monday July 13 at 9:30 AM Eastern Time. According to Bloomberg, Treasury 2-year yields climbed to their highest level since early 2025 as renewed tensions in Iran pushed up oil prices, fanning speculation that the Federal Reserve will need to raise interest rates to combat inflation. Global markets are down today. In overseas trading, the Nikkei is down 1,424 points. The Dow is up 149 points to 52,637. Oil is trading at $73 per barrel while gold is at $4,068 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.