What, you thought the year was over?
Bring It On, Bitcoin
Count CME Group (CME) CEO Terry Duffy as among those that can't believe how quickly the hype around bitcoin has materialized.
"I don't think I have ever seen so much media attention around something like bitcoin in my 37 years in this industry -- then the price action has been amazing," Duffy told TheStreet in an interview. In part due to the hard work of Duffy and his team at CME Group, the media attention around bitcoin is about to be ratcheted up yet another notch.
Bitcoin futures trading on the CME will kick off on Monday a week or so after a similar debut on the rival Cboe platform. CME's bitcoin futures contract will be cash-settled and based on the CME CF Bitcoin Reference Rate (BRR). Crypto Facilities will be working on the product with CME Group. They will both publish the CME CF Bitcoin Real Time Index (BRTI) to serve up price transparency to the spot bitcoin market.
Bitcoin prices have been all over the map ahead of the launch. Prices opened at $19,343 on Sunday, climbed to a high of $19,973, but then cratered to $18,832 as of 2:30 p.m. EST according to CoinDesk.
Star Wars Still Has It
Full disclosure: I have never watched a Star Wars movie before. But hey, one must give credit where credit is do.
"Star Wars: The Last Jedi" served up some mind-blowing sales figures over the weekend, hauling in $220 million domestically. That makes the film the No. 1 debut of 2017. Sadly, the film was unable to top 2015's "Star Wars: The Force Awakens" domestic opening weekend haul of $248 million.
Even still, those are impressive figures in this Netflix (NFLX) and chill environment. Imagine the sales numbers when Twenty-First Century Fox Inc.'s (FOXA) Wolverine appears in the next Star Wars as a villain. Heck of a deal here Disney (DIS) , heck of a deal.
Bye-Bye Boeing 747
Out goes the iconic Boeing 747. The last 747 in service with a domestic carrier will make its final commercial flight on Tuesday with a Seoul-to-Detroit trip for Delta Airlines (DAL) . Boeing will continue to build 747s as freight carriers for select clients, according to various media reports.
While the 747 flies off into the sunset, a case could be made that Boeing's (BA) stock is still poised to soar in 2018 after rising 87% this year. CEO Dennis Muilenburg recently signed off on a 20% dividend hike and a new $18 billion stock buyback. With those factors in play, it will be hard to take down Boeing shares in 2018.To receive the FREE "Morning Jolt" daily newsletter, click here.
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