Business Bible News Market Minute: October 17 @ 9:30AM ET

This is a Business Bible News Market Minute for Friday October 17 at 9:30 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 Nasdaq is down 107 points to 22,562. Gold is up $41 to $4,321 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.