Business Bible News Market Minute: October 17 @ 6:00AM ET

This is a Business Bible News Market Minute for Friday October 17 at 6:00 AM Eastern Time. According to Bloomberg, the White House is poised to ease tariffs on the US auto industry, a move that would deliver a major win for carmakers that have aggressively lobbied to stem the fallout from record-level import duties. Global markets are down today. In overseas trading, the Nikkei is down 759 points. The Dow is down 298 points to 45,955. Gold is up $71 to $4,351 per ounce. Today's Daily Principle is ECONOMICS, specifically dealing with Scarcity. This principle is found in Ephesians 3–20. The verse reads: To him who by means of his power working in us is able to do so much more than we can ever ask for, or even think of: Learn more at businessbible.com where Daily News meets Daily Principle.