Business Bible News Market Minute: November 7 @ 8:30AM ET

This is a Business Bible News Market Minute for Friday November 7 at 8:30 AM Eastern Time. According to Bloomberg, China's exports unexpectedly contracted in October as global demand failed to offset the deepening slump in shipments to the United States, dealing a blow to an economy already slowing amid sluggish consumer spending and investment at home. Global markets are down today. In overseas trading, the Nikkei is down 561 points. The Nasdaq is down 445 points to 23,054. Gold is up $26 per ounce to $4,006. 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.