Business Bible News Market Minute: May 4 @ 12:00PM ET

This is a Business Bible News Market Minute for Monday May 4 at 12:00 PM Eastern Time. According to Bloomberg, oil prices are under pressure as President Donald Trump announces the U.S. will start guiding ships through the Strait of Hormuz amid increased tensions following drone attacks on a tanker by Iran. Global markets are down today. In overseas trading, the DAX is down 255 points. The Dow is down 422 points to 49,076. Oil is trading at $105 per barrel while gold is at $4,533 per ounce. Today's Daily Principle is Generosity: Charity, specifically dealing with Water. This principle is found in Numbers 20–8. The verse reads: “Take the stick that is in front of the Covenant Box, and then you and Aaron assemble the whole community. There in front of them all speak to that rock over there, and water will gush out of it. In this way you will bring water out of the rock for the people, for them and their animals to drink.” Learn more at businessbible.com where Daily News meets Daily Principle.