Business Bible News Market Minute: March 12 @ 12:00PM ET

This is a Business Bible News Market Minute for Thursday March 12 at 12:00 PM Eastern Time. According to Bloomberg, investors are growing worried that the Iran war will drive up expenditures and swell budget deficits in countries around the world, sparking a selloff in long-term government bonds. Global markets are down today. In overseas trading, the Nikkei is down 640 points. The Dow is down 547 points to 46,869. Oil is trading at $94 per barrel while gold is at $5,134 per ounce. Today's Daily Principle is Generosity: Philanthropy, specifically dealing with Debt. This principle is found in Deuteronomy 31–10. The verse reads: 'He commanded them, “At the end of every seven years, when the year that debts are canceled comes around, read this aloud at the Festival of Shelters.' Learn more at businessbible.com where Daily News meets Daily Principle.