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

Nov 17, 2023

"The Games People Play in Markets" features CME Group CEO Terry Duffy. They discuss panic buying triggered by rate cut expectations, the promise of a soft landing, being a market pundit, IPO spinoff talk around SpaceX’s Starlink, and Danny’s NFL picks. Terry Duffy shares his take on risk management, innovation for new products, the importance of rigor, the retail trader, and his expectations for the stock market in 2024.

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Introduction

00:00 • 3min

Games People Play and CPI Data

02:59 • 15min

The Reality of Unemployment

17:45 • 13min

The Steelers' Performance, a Song, and introducing Terry Duffy of CME Group

30:20 • 4min

The Importance of Risk Management in Uncertain Times

34:22 • 11min

Importance of Due Diligence in the Market

44:55 • 16min

Sports Teams, Google Integration, and Future Trends

01:01:00 • 7min

Charitable Initiatives and Gender Equality at CME Group

01:08:13 • 2min

Gratitude, Donation Match, and Sponsor Mention

01:10:23 • 2min

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).

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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.

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