Balance your trading strategy by adding futures. CME group helps you manage risk and capture opportunities in all market environments.

Capitalize on around the clock access to highly liquid global futures and options market across all major asset classes.

Just visit your online broker and get started.

Plug into valuable educational materials and trading tools and see what adding futures can do for you at cMEgroup.com slash on the tape.

IConnections is the largest membership only platform for the alternative investment industry.

Bringing together thousands of fund managers and allocators in one powerful hub.

IConnections reimagines how the industry connects through its digital offerings and

premier in-person events, empowering allocators and managers to meet, build relationships

and do business anytime, anywhere.

To explore more about IConnections, its events, and gain access to the members-only

platform, visit iConnections.io.

Welcome to the Risk Reversal podcast. I am Dan Nathan. That's Guy Adami. That's Stuart Soap. He is the co-founder and CEO of Current. Stu, welcome back to the podcast. You know, you ever see this Outlander? You know this? Outlander. I've heard of it. Yeah. You could have been on that show.

It's like sexy Vikings, isn't it? I think my wife is in a show. Yeah, yeah. Stu, welcome here, man.

We got a lot to talk about here. This is Thursday afternoon, into the close. Tomorrow morning, Fed Chair Powell is going to be speaking at the Jackson Hole, Kansas City, Confab. And by the time you're listening to this, you will already know what Chair Powell had to say. But Guy and I wanted to kind of dig in a little bit with the U.S. consumer. I mean, there's been a lot of back and forth on that. We had retail earnings this week. You serve, as you've told us, you were last on the pod May 2nd of this year. But you've been coming up. He's probably one of our most frequent guests. If I had a guess, I don't know this. Yeah. But he's up there. I would say this is Stu's seventh time with us. Oh, lucky seven. Yeah, lucky seven. That's a guess, but you often. his last appearance was in May, early May of this year. Yeah. And you often refer to the current customer. Why are you looking at my mind? You often refer

to the current customer as an everyday American. Is that true? And just to refresh a little bit,

you know, these are people, many living paycheck to paycheck, many who have multiple jobs,

many who don't have access to a

whole heck of a lot of credit.

Give us a sense on the state of the consumer of the everyday American.

Yeah, yeah, it's a good place to start.

So this year we haven't really seen too much in spend difference.

Remember our consumers, our customers are living paycheck to paycheck.

...