Go Eff-TC & A Conversation with CME Group’s Terry Duffy

Nov 22, 2024

Terry Duffy, CEO of CME Group and a pioneer in global derivatives marketplaces, shares fascinating insights about the evolving landscape of trading. He discusses the criticality of U.S. debt control and the impact of geopolitical tensions on the markets. Duffy highlights innovative trading options designed for individual investors and explores the use of AI in trading practices. The conversation wraps up with a heartfelt commitment to St. Jude Children's Research Hospital, showcasing the importance of social responsibility in the financial sector.

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ANECDOTE

Golf Tournament Win

Danny Moses recounts winning a golf tournament with a Stanley Cup champion.
He playfully credits finding the Bloody Mary bar on the 16th hole for loosening up his game.

INSIGHT

Tech Giants Under Scrutiny

Regulators are targeting tech giants like Google and Microsoft, raising concerns about market reactions and potential breakups.
This regulatory scrutiny provides an excuse to sell these stocks, especially given their high valuations.

INSIGHT

Muted Reaction to NVIDIA Earnings

Despite NVIDIA's strong earnings, the market reaction is muted, suggesting the growth story may be slowing.
Money is rotating out of MegaCap tech and into AI infrastructure companies like Dell and Supermicro.

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Guy Adami, Dan Nathan, and Danny Moses kick off the pod with a discussion about Danny's golf game before delving into market analysis. The trio dives into regulatory challenges facing tech giants like Google and Microsoft, concerns about geopolitical tensions, and market reactions.

After the break, the guys are joined by Terry Duffy, CEO of CME Group, covering topics such as the importance of U.S. debt control, the role of CME in global markets, AI applications in trading, and significant partnerships with Google Cloud. Duffy shares insights on the evolution of the retail trading sector and CME's continued commitment to St. Jude Children's Research Hospital.

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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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See what adding futures can do for you at cmegroup.com/onthetape.

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