The Games People Play in Markets with CME Group CEO Terry Duffy

RiskReversal Pod

RiskReversal Media

News, Investing, Business, Business News

4.6 • 757 Ratings

🗓️ 17 November 2023

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of On The Tape Dan, Guy and Danny discuss what events this week (earnings, Biden-Xi meeting, econ data) are saying about the economy (3:00), expectations of rate cuts next year sparking panic buying (11:30), the promise of a soft landing (18:00), being a market pundit (20:30), the Starbucks walk out (25:00), IPO spinoff talk swirls around SpaceX’s Starlink (27:00), and Danny’s NFL picks (28:00). Later, CME Group CEO Terry Duffy joins the conversation for his take on risk management in a time of uncertainty (35:00), what investors should be focused on (37:30), innovation for new products/existing products (39:00), his philosophy in regards to risk management (40:00), FTX/regulation (43:50), the importance of rigor (49:00), the market structure (51:30), the retail trader (54:30), what keeps him going as a CEO (59:00), their Google Cloud relationship (1:02:00), his expectations for the stock market in 2024 (1:05:30), and the CME Group Tour Championship (1:08:00). Click here to donate to St. Jude Children’s Research. If you do, send a screenshot of your donation to [email protected] and we will send you a free “On The Tape” hat. — About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here Learn more about Ro body: ro.co/tape 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 on Twitter or @riskreversalmedia on Threads — We’re on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat 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, Guy Adami, always joined by Dan Nathan and Danny Moses.
0:08.9	On today's On the tape podcast, President Biden and President she met.
0:13.9	Apparently, it was very nice meeting and a lot of good things came out.
0:18.1	Pandas.
0:19.2	Pardon me?
0:19.6	We got Pandas.
0:20.5	Pandas. Yeah. Yes, pandas. And I guess sort of some of the things came out. Pandas. Pardon me? We got pandas. Pandas.
0:21.5	Yeah.
0:22.5	Yes, pandas.
0:23.0	And I guess sort of some of the rhetoric has been ratcheted down.
0:25.7	That's a good thing.
0:26.7	Stock market.
0:27.9	What do they say?
0:28.5	Enfuego.
0:29.1	Yeah, on fire.
0:30.0	It's a good thing, right?
0:31.0	Yeah.
0:32.0	Microsoft making all-time highs.
0:32.9	We have obviouslyia next week jobless claims the unemployment rate is ticking up so we have all
0:38.6	these cross currents danny moses but as i mentioned you know we were in florida this week and by the
0:44.6	way stick around because we have a great conversation with terry duffy he's the CEO of c m e group
0:51.3	we're going to talk about a lot of things with him, including their relationship with St. Jude's Children Hospital.
	...

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