Business Bible News Market Minute: March 3 @ 11:00AM ET

This is a Business Bible News Market Minute for Tuesday March 3 at 11:00 AM Eastern Time. According to Bloomberg, Fitch Ratings has downgraded Paramount Skydance Corp.’s corporate and long-term borrower ratings to junk following its agreement to buy Warner Bros. Discovery Inc., a deal that will burden the combined business with $79B in net debt. Global markets are down today. In overseas trading, the Nikkei is down 1,901 points. The Dow moved the most, down 1,098 points to 47,806. Oil is trading at $77 per barrel while gold is at $5,076 per ounce. Today's Daily Principle is BUSINESS, specifically dealing with Redemption Price. This principle is found in Philemon 1–18. The verse reads: 'If he has done you any wrong or owes you anything, charge it to my account.' Learn more at businessbible.com where Daily News meets Daily Principle.