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RiskReversal Pod

Spoos, SPACs, and Steakhouses: A Conversation with CME CEO Terry Duffy and Interview with Rick Heitzmann of FirstMark Capital

RiskReversal Pod

RiskReversal Media

Business News, News, Investing, Business

4.7836 Ratings

🗓️ 15 October 2021

⏱️ 82 minutes

🧾️ Download transcript

Summary

Guy, Dan, and Danny discuss stock market volatility (2:22), supply chain concerns (11:14), the bitcoin flight to safety (18:30), and Danny’s NFL picks of the week. The co-hosts interview Terry Duffy, CEO of CME Group and talk about his decades-long career (26:37), rates and energy volatility (40:40), the potential for a Bitcoin ETF (46:55), and the rise of the retail trader (50:40). Later, Guy and Dan sit down with Rick Heitzmann, Founder and Partner of FirstMark Capital to discuss his latest venture (1:01:04), what FirstMark is focused on next (1:18:19), and Rick’s involvement in our upcoming Okay, Computer podcast (1:20:34).  ---- See what adding futures can do for you at cmegroup.com/onthetape.  ---- Shoot us an email at OnTheTape@riskreversal.com 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

So last night, what do they call it when you channel surf, Dan?

0:04.2

They call it channel surfing, right?

0:05.5

And I stumbled upon this Wolf of Wall Street movie on one of like Showtime or something.

0:09.6

I had never seen it before.

0:10.7

By the way, I still haven't seen the big chill.

0:13.0

But I plan on watching it soon.

0:15.3

Anyway, I'm watching this movie.

0:16.9

I always knew this Jordan Bellacourt guy was an asshole.

0:20.5

But I didn't realize to the extent

0:22.1

that he was. And the fact that Leonardo DiCaprio, who is a stud, played this guy. It should have been

0:28.0

played by, what's that guy's name, Danny DeVito. That's who should have played Jordan butthole,

0:32.7

or whatever his last name is. Oh, my goodness. No, I'm just telling you. The guy's a Johnson. The guy is a Johnson.

0:38.3

For any of you guys who wonder, a guy is half Sicilian and he doesn't forget a thing.

0:43.5

I think there was some like squeegey Wall Streeter guys back in the early 80s who offended you in some way, shape, or form.

0:49.7

Or maybe they sold your mom like a penny stock and she lost every, you know, every, because you,

0:54.4

you will not see that movie because you have an image of those guys from the 80s.

0:58.4

It's not an image.

0:59.0

I mean, that's exactly who those people were.

1:01.2

I mean, they actually probably underplayed to the extent that those guys were douchebags.

1:05.3

And, you know, the fact that they call it Wall Street, I mean, half those guys never heard of Wall Street and the other half couldn't find Wall Street if they were standing on Broad Street. But that's the point, Danny.

1:15.1

He's just got to watch the movie. It was probably one of the most entertaining movies in the last

1:18.8

20 years. And your boy Scorsese directed it, okay? Yeah, well, I'm just saying. Anyway,

...

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