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.
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.
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.
Delta customers flying to, from or though Atlanta through 12/19 can make a one-time change to their travel plans. Details are available here: https://t.co/7gyCLOIh6O
— Delta (@Delta) December 18, 2017
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.
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:
Skipper’s departure is related “substance addiction,” but comes as ESPN has become a drag on parent Disney
The movie made more than $220 million.
By David Royse | LedeTree News