We are here with megan murphy. The lead in the finance section is on bitcoin. We have been talking about the about bitcoin so much in the last week. Other than politics we spend most of our time talking about bitcoin. Over the past year, let alone several years, we have not ever seen so much moving in price. This is a staggering statistic. Less than 1000 people hold 40 of the markets are going. With the price going up so much, some of the people we know, when one of these big owners, it can cause an extreme drop in price because of the concentration of ownership in the hands of relatively few good what we are looking at with cryptocurrency, forget the broader debate about bitcoin. This is a real problem for the market transparency. A situation where people dont even know who the owners of the queen are. Its not similar to win a big shareholder sells off. Its exacerbating it. We will see things like the cme introducing futures on bitcoin. Will this increase transparency, liquidity and p
Megan murphy. The lead in the finance section is on bitcoin. We have been talking about the so much in the last week. Politics, i than think we have talked most about the coin. Over the past year, let alone several years, we have seen volatile moves and price. One of the things we want to show this is a staggering statistic. Less than 1000 people hold 40 of the worlds bitcoin. With the markets being as volatile as it is with the price , going up so much, some of the people we know, when one of these big owners, when they sell, it can cause an extreme drop in the price quickly because of the concentration of ownership in the hands of relatively few. What we are looking at with cryptocurrency, forget the broader debate about bitcoin. This is a real problem for the market transparency. This is a situation where people dont know who the owners of the who the owners of bitcoin are. It is exasperating that that authority there. Julia we are going to see exchanges like the cme introducing fut
And new this morning. Could fresh prince be getting a major reboot . Turning tv upsidedown, will smith reportedly heading back to bel air. That will wake you up in the morning. Go, ginger. I was singing every lyric right there. Those are sort of involuntary movements, i think. Happy friday as we say good morning, america. David, we made it. Almost. Thank you, thank you. This team is incredible, though, makes it fun. I said this week, you make it fun to get up at 4 00 a. M. I know. All of the way through to jeopardy. Thats right. Is it on yet . We have a lot of news to get to this friday morning. It is an historic day. The secretary of state arriving in cuba. Well have more on that just ahead. Big history to be made. Incredible new images of the moment that explosions rocked that major city in china. And this morning, explosions still happening at that site. Well have the latest in a moment on the search for survivors. First, we want to get to those new reports about a godzilla el nino
Learned that the Worlds Largest economy, ours, remains resilient. So far from firing on all cylinders. Manufacturing is improving. In the face of a strong dollar and falling oil prices. The consumer is spending, the job market is strengthening and the stock market rebounded. After china devalued the currency earlier this week and all week long. Today, we got Additional Information on the state of the economy bringing investor attention back to good Old Fashioned fundamentals. Its a familiar story, but it paints a muddled picture. On the bright side, the u. S. Economy is growing. Two key numbers out today confirm it. The Producer Price index or ppi up 0. 2 of 1 and Industrial Production also higher. 0. 6 of 1 . Both up more than expected. But whether the u. S. Economy is moving fast enough to justify an Interest Rate hike by the Federal Reserve, well, that is another question. If theyre going to move its once or twice and only the move off of zero and to stay silent in the election peri
New phone. This is iphone x. This is the cbs evening news. Mason good evening. Im Anthony Mason. The destruction in the florida keys, population 75,000, is staggering. Fema reported today that Hurricane Irma destroyed a quarter of the houses. Nearly twothirds of the rest have major damage. President trump will go to florida thursday to see for himself what irma did to the state. The storm is blamed for least six deaths in florida, three in georgia, and four in South Carolina. We begin tonight with Elaine Quijano in ramrod key, just east of where irma made her initial u. S. Landfall sunday morning. Reporter it is miles of destruction, house after house, block after block, roofs torn off, boats on the road, and r. V. S mangled in trees. Irmas path of destruction cut through the florida keys. Residents in islamorada, who didnt evacuate, came out to look at the damage. This was a big part of my life for 15 years ive lived here. And its just you know, in one moment its gone. You know, its h