Business Bible News Market Minute: March 4 @ 8:30AM ET

This is a Business Bible News Market Minute for Wednesday March 4 at 8:30 AM Eastern Time. According to Bloomberg, the ongoing conflict in Iran has led to a rout in emerging markets, though some recovery was noted in Eastern European assets and stock markets in South Africa and Saudi Arabia after news of indirect communication from Iranian officials to the United States to resolve the situation. Global markets are down today. In overseas trading, the Nikkei has moved down 2,101 points. The Dow is the largest mover today, down 397 points to 48,507. Oil is trading at $73 per barrel while gold is at $5,197 per ounce. Today's Daily Principle is Economics, specifically dealing with Causality. This principle is found in Psalm 1–3. The verse reads: 'They are like trees that grow beside a stream, that bear fruit at the right time, and whose leaves do not dry up. They succeed in everything they do.' Learn more at businessbible.com where Daily News meets Daily Principle.