About it, from people at bars, taxi drivers, to warren buffett. Even katy perry. The front page of the wall street journal had something to do. Bitcoin has had a meteoric rise. Today it zoomed past 11,000, surging more than a thousand dollars in just 12 hours. It is up about 1,000 since the start of the year. As quickly as it went up today, it lost some gains. Retail investors are taking notice. Now theres a push under way to create an etf. But as bob pisani reports, it reporter bitcoin is up more than 50 this month, it passed today. 1,000 mark before falling whats exciting investors is the expanding derivative market for crypto currencies. Its adding muchneeded legitimacy to this whole space. Last month ledger x, an institutional trading and clearing platform, they began trading bitcoin options. That was a big advance. In and out chicago mercantile exchange, the cboe, and the nasdaq all are set to roll out Bitcoin Futures soon. This is good news. Bitcoin futures will enable traders to
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
Im not wearing socks. Im not wearing socks. Can i ask you a question . What do i got to do to get you out of that jacket . Nothing. It is hot in here. It is hot over here. You dont call him love gov, right . No. You do do you refer to him as governor when he left the office in that way . Or mr. Spitzer, ellioiot. Youve seen him at conferences and meetings and on cnbc. I like spitzer. He was kind of a i didnt agree with him politically a lot, but i thought he was a dashing figure with a huge future. His wife is wonderful. We will see. We will. A lot of tough questions to ask. There are. A lot of them have been asked 100 times already. I dont want to ask questions that have been asked 100 times already. Number one, he knows how to answer them. Number two very good at answering questions. Very, very good. Brilliant, obvious. I smart guy. He is. Lets headlines this morning. Just go back down. This is andrews last part of his read. To give it to me, to give it to me, to give me what i deser
She when you went to paris, did you see the beautiful mansion . There was a horrible there was a horrible fire at up with of t one of the oldest mansions in paris. Since you finally saw some of the world, i wonder no. I wondered when i saw it this morning. In the spirit of the more the merrier, none of us can contribute enough that we well start with two guest hosts, well add a third. Well bring in kate kelly in. Well have some remote camera somewhere and set up a bunch of chairs and then have a studio audience. Hopefully that will be enough so we can do this without andrew. All right. Dan colaruso is here this morning. And david kelly, chief global strategist of jpmorgan funds. Well speak to them. I already had a conversation with david kelly in makeup about the bernanke and i think none of them have any now david are you supposed to read this next read . Do you see what it says there . Kelly. Oh, oh, oh, no, no, no, no. I forgot about that. There are a lot of kellies going this morni