Home / Business / Eye on Business, Monday, Dec. 18: Bitcoin Futures Are Moving. So Are Planes in Atlanta.
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Eye on Business, Monday, Dec. 18: Bitcoin Futures Are Moving. So Are Planes in Atlanta.

Good afternoon,

Here’s a couple things worth watching in the business world this Monday. Bitcoin is trading on another futures exchange, and travel is happening in the Southeast, but not back to normal. Also, an Amtrak train is off the rails in Washington State, and there are reportedly fatalities.

BITCOIN HAS ANOTHER DEBUT – TRADING STARTS ON CHICAGO MERCANTILE EXCHANGE

Trading in Bitcoin futures started Sunday on the Chicago Mercantile Exchange, a week after futures in the cryptocurrency were offered on the CBOE, furthering the notion that Bitcoin is moving toward acceptance in the mainstream investing community.

Many economists and bankers still see the cryptocurrency’s value as unsustainable and some have suggested to watch for a crash.

The CME is a bigger exchange and is expected to attract more buyers than the CBOE. Contracts sold on the CME are also bigger – with each futures contract for five Bitcoin.

The underlying price of Bitcoin got up near $20,000 over the weekend, but had settled to just over $18,000 on Monday morning.

RELATED: A small fintech company says it’s now a crypto company, and boom, it’s value goes up 2,400 percent

EYE ON BUSINESS TRAVEL: POWER IS BACK ON TODAY AT ATL, BUT TRAVEL MESS REMAINS

The electricity is back on this morning at the world’s busiest Atlanta airport, after a fire and a power outage last night stranded thousands of travelers. There remain ripple effects this morning, though. Delta said it has cancelled about 300 flights today. Nearly 1,000 flights were cancelled on Sunday evening.

BREAKING TRANSIT NEWS – AMTRAK TRAIN DERAILS NEAR OLYMPIA, WASHINGTON

If you’re flying out of Atlanta this morning, Delta recommends getting to the airport even earlier than usual – as of 7 a.m. eastern time, the trains weren’t working at the airport yet.


Airport officials said on Twitter that power was restored at midnight and the TSA checkpoints opened at 3:30 a.m.

Delta and United were among the airlines saying that if you had travel today that’s been disrupted, you may be able to change your plans without extra fees.

Fortune is reporting today that the cancellations will ripple through the system, causing nationwide delays for days, just as people start trying to travel for Christmas.

FLIGHT DELAY TIMES TODAY

EYE ON THE ECONOMY – SOME CITIES HAVE BOOMED OTHERS, NOT SO MUCH

The Associated Press’ Christopher Rugaber had a good story a few days ago about how some American cities have boomed in the economic recovery following the Great Recession – while others haven’t. Seattle, San Francisco, Denver, Portland and Pittsburgh have boomed. But that recovery hasn’t been seen in places like Las Vegas, or Janesville, Wisc.

Also In Business News Today:

ENTERTAINMENT NEWS:

ESPN President Skipper Stepping Down 

Skipper’s departure is related “substance addiction,” but comes as ESPN has become a drag on parent Disney

The Last Jedi Has Second Biggest Opening Weekend

The movie made more than $220 million.

May the Force be with you. Have a good and prosperous week, and continue to check out www.ledetree.com and like us on Facebook and follow us on Twitter

By David Royse | LedeTree News

 

 

About David Royse

David Royse is the Editor-in-Chief of Ledetree.com. He has been a professional journalist for more than 20 years, including stints with The Associated Press and The News Service of Florida. He enjoys writing about health and medical science, and hopeful stories about scientific breakthroughs and new technology.

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