[264] John McDonnell on BitNet and Edward Harrison LIVE from CES Las Vegas

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• published: 06 Jan 2015
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Stocks plummeted amid a collapse in crude prices, and drama in Greece continues. The S&P; 500 saw its biggest drop since October on Monday. Energy sector stocks led a broad selloff on Wall Street as crude prices fell to five-and-a-half year lows, and a strong dollar weighed on other commodities. Dow industrials shed more than 300 points Monday afternoon, while the S&P; 500 slid 37-points to TWENTY/TWENTY-ONE, and the Nasdaq declined SIXTY-SEVEN-points. Prices of crude oil futures dropped to their lowest levels since May 2009, amidst a lack of demand and global supply glut. Oil fell below $50-dollars a barrel for the first time in nearly six years Monday, sending shares of S&P; 500 energy companies tumbling nearly 4%. Greek politics has weighed heavy on the markets -- as speculation about Greece potentially leaving the euro zone (following a snap election on January 25th) has intensified. European stock markets have held back over the last month over concerns about Greece; where the left-wing opposition party Syriza -- which wants to cancel a chunk of Greek debt, and the austerity measures imposed after an international bailout --- closely leads in opinion polls. Energy, the Euro, the Dollar, commodities, sanctions… it’s fair to say 2015 is off to a running start! Then, Erin Sits down with – John McDonnell, Co-founder and CEO of BitNet, to get a better understanding of the bitcoin payment process. John tells Erin how his company safely move money between customers and merchants, and why consumers should use cryptocurrencies INSTEAD of credit cards. And in The Big Deal, Edward Harrison joins Erin LIVE from Las Vegas where he is covering the international consumer electronics show. CES features the latest trends in technology and high tech gadgets. Think of it as “fashion week for consumer electronics” with all the pomp and circumstance to match! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT http://www.facebook.com/harrison.writedowns http://www.facebook.com/erinade2020 Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh