Cult of Personality with Terry Duffy of CME Group

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 18 November 2022

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy and Danny discuss the FTX collapse (1:00), Walmart earnings (7:30), the yield curve inversion (9:20), energy stocks vs. crude oil (23:30), an update on cannabis (26:35), and Danny’s NFL picks of the week (31:30). The co-hosts interview Terry Duffy, Chairman and CEO of CME Group, and talk about the LPGA event in Naples (35:19), stock market volatility (40:50), Terry’s take on the FTX situation (44:04), risk management (47:45), the importance of mentors (58:24), the CME-Google deal one year later (59:30), interest rates (1:03:01), the politicization of the Federal Reserve (1:06:39), Elon Musk (1:13:24), the spotlight on the commodities market (1:15:15), and the future of CME Group (1:16:45). Check out our show notes and transcript here ---- See what adding futures can do for you at cmegroup.com/onthetape. ---- Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to the On the Tape podcast.
0:04.2	Guy Adami here, along with the very good looking, my dear friend Danny Moses.
0:09.1	I was with Danny just over the last couple days in Florida.
0:12.8	We were at the CME Tour Championship.
0:15.9	Lovely.
0:16.3	By the way, we're going to have a conversation with Terry Duffy, the CEO of CME group.
0:22.6	But Danny, before we start, okay, I'm going to throw out a couple things to you.
0:26.7	So you just stay with me, okay?
0:28.5	Here we go.
0:29.0	All right, all right.
0:29.9	I know your anger.
0:31.7	I know your dreams.
0:33.2	I've been everything you want to be.
0:36.1	I'm the cult of personality.
0:38.1	That's, of course, a lyric from the great band Living Color.
0:41.3	And the reason I mention it, Danny, is because yet once again, the market has been taken for fools by somebody cult of personality.
0:50.9	In this case, that SPF 40 guy or whatever sunscreen he uses. Thoughts on that before
0:56.8	we get started. Yeah, so let me back up. So the first thing when I got to the CME event, which was great,
1:03.2	I was fortunate enough to play in the program yesterday. Finish the same scores last year, but somehow
1:07.7	didn't win, but Jennifer Cup show, I wish her luck today after spending
1:11.0	five hours with me. I don't think she'll fare well, but we shall see. But seeing Terry Duffy,
1:15.4	and then immediately I had the flashback, and I know you guys are going to talk about this and
	...

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