CME Group ($CME) podcast mentions
That uncertainty has given rise to futures market that was starting to take off this summer. The CFTC's 60-day pause could delay plans by exchange operators like CME and NYSE parent Intercontinental Exchange, along with upstarts like Architectural Financial Technologies, to list two-sided betting parlors. Interesting. Get that flashbang ready. Leave us 5 stars on Apple Podcasts and Spotify. Sign up for our newsletter at tbpn.com, and we will see you tomorrow. Throwing flashbang.
John Coogan · TBPN · METR and AI Regulation, Zuck Pushes Back on AI Slowdown, Fed Hikes Rates | Diet TBPN · 2026-09-16They actually coined the term NeoCloud. It had a rude name beforehand, which I didn't realize. You can go look it up. I'm not going to say it. But on the other hand, on the other are concerns from big companies adopting AI that shortages of power and infrastructure will send prices of tokens soaring. That uncertainty has given rise to futures market that was starting to take off this summer. The CFTC's 60-day pause could delay plans by exchange operators like CME and NYSE parent Intercontinental Exchange, along with upstarts like Architectural Financial Technologies, to list two-sided betting parlors. Interesting. Well, let me tell you about Cisco, and Jordy will pull up the next story. Critical infrastructure for the AI era unlocks seamless real-time experiences and new value with Cisco, where you want to go next?
John Coogan · TBPN · Third Party Evaluators, Fed Hikes Rates, Zuck Pushes Back On AI Slowdown | Jeremy Allaire, Tomasz Tunguz, William Layden, Justin Beroz, Eli Wachs, Sean McCarthy, Tom Mueller · 2026-09-16Due to this, we have one programming note: Wall Street Lunch with Kim Kwon will be published later today, after the rate announcement and presser. According to the CME FedWatch Tool, the probability of a 25 basis point rate hike stands at 92.5%, compared with 7.5% odds of maintaining the current rate. Now for a look at a few other articles that are trending: Meta's Mark Zuckerberg joins the CEO of Nvidia in pushing back against AI slowdown. The EU is set to propose social media restrictions for kids under 13. And retail traders chase cyber options but skip the stocks. On our Catalyst Watch for the day, On Semiconductor is holding an Analyst Day, and we have Investor Days at Oscar Health, Coppers, and Salesforce. On Wall Street, stock index futures are in the green.
Julie Morgan · Wall Street Breakfast · SK Hynix reportedly eyes U.S. memory play · 2026-09-16If you look at the CME futures, which is, uh, you know, where folks put also money on the line, uh, on the Fed's funds futures, it's at 95% probability. So it looks like the Fed's locked in here. They're going to have to raise interest rates. But, you know, fundamentally, you know, what's driving this is a bunch of stuff, but, you know, at the root is the Iran war and the pickup of energy prices and the inflation that's fanned. I mean, in fact, if you go back to February 27th, the day before the US started bombing Iran, the 10-year yield was sitting below 4%. And here we are at 5% and it's been straight up since. And of course, you know, if you go back to before the war, the thinking— hard to believe— but the thinking was the Fed was going to cut interest rates. You know, we were pricing in a couple of rate cuts. Of course, the war has come along, the inflation has kicked in, and now we're talking about for sure one rate hike, but if you look at futures, they're talking about 2, 3 rate hikes, quarter point each into next year.
Mark Zandi · Prof G Markets · AI Insiders Keep Saying We’re In Danger — Where’s The Evidence? · 2026-09-16It's really fascinating. I know that there's been some use of, say, weekend trading on certain assets like perp futures, for example, to find price discovery on when, say, the CME opens, for example. And so there's this sort of hybrid effort to find that price discovery, either for the future or the commodity at hand, or even like, say, pre-IPO, um, SpaceX, there's a lot of open interest, uh, on a 24/7 exchange like HyperLiquid, for example, that gave enough information to arrive at some kind of valuation for that IPO. I thought that that was also pretty fascinating. So, I mean, do you see any kind of change that might point to, um, different kinds of what used to be openings or maybe openings. I don't want to say used to be, but some kind of opening as the 24/7 exchange continues to operate in parallel or alongside a traditional exchange.
Steven Levine · IBKR Podcasts · How to Survive When Trading in 24/7 Markets · 2026-09-11This podcast is sponsored by CME Group. If you're managing equity exposure, you know that size and flexibility matter. CME Group just launched eNano Equity Index Futures. At 1/10 the size of micro e-minis, eNano contracts give active traders precise nano-scaled exposure to 4 major benchmarks. NASDAQ 100, S&P 500, Russell 2000, and the Dow. Whether you're looking to scale into positions with smaller upfront capital or fine-tune your portfolio around global macro news 23 hours a day, eNanos bring you the biggest markets built for your scale. To find out more, visit cmegroup.com/enano. Derivatives trading involves significant risk and is not suitable for all investors. Past performance is not indicative of subsequent results. Our full disclaimer is available at cme group.com/disclaimer.
Michael Batnick · Animal Spirits Podcast · Everywhere Millionaires (EP. 481) · 2026-09-09And again, this is the thing that drives me nuts is I'm not anti-gambling, right? That's the thing. It's like I'm not saying people shouldn't be allowed to do this stuff with their money. If people want to burn their money, I fully believe people should be allowed to worsen their situation if it's genuinely what they want to do. And that we shouldn't stop people from necessarily doing that. But it's just become insidious. And that's where it starts getting more concerning, both on a cultural and like, what are we doing as a country perspective, but also just like markets, like market structure, right? The fact that all these products live right next to financial products, literally in the same Robinhood app or pretty soon on the same exchange at the CME, that feels like something we should pay more attention to, right? Because if there's these qualities of gambling risk that are different than investment risk, polluting those against each other just seems like the opportunity for problems.
Dave Nadig · Excess Returns · Nvidia Is Betting on Its Customers. Gen Z Is Betting on Sports. Will It All End the Same Way? · 2026-09-06Let's, let's absorb the irony here that literally in the same trading week, South Korea put in place the most aggressive investor education gate I have ever seen in my career. You have to spend 3 days mock trading. You've got 5 hours of coursework you've got to do. To be able to buy 2x SK Hynix. Obviously what happened is in response to the event and in response to, you know, too much money coming into the levered products and breaking their market for a couple of days, they put these gates in place. All the money disappeared, which is exactly what you would kind of want to happen and why they did it that way. Japan, for their part, said, no, thank you. We don't want single stock leverage in our markets. We think this is against and negative to our market structure. So please don't do that. And by the way, internationally, please don't do it to us. And the same day we filed for 2x leverage hourly reset products in the US. So like to suggest we have different regulatory approaches here is a massive understatement. You know, Europe still has the crazy leverage stuff. Hong Kong has some of it. We really are the, the, the real poster child for the crazy leverage. That part doesn't actually bother me as much as the new products that are coming out that are deliberately trying to use the futures markets to offset gambling risk. And that's the one where, that's the one where I no longer feel like it's a moral issue and an actual market structure issue that everybody should be paying attention to. The fact that we're launching retail product into a futures market that does not and will not exist until the ETF has assets, that is upside down. And that should concern everybody, right? ETFs should be a product for retail to invest in liquid active markets that are well-proven, right? That's why we had aging and seasoning requirements. Those are gone. Now we're launching the ETF, going to collect a bunch of money, and we'll see who shows up on the counterparty of the CME and just see what happens. Like, that feels like a real market structure problem because the players in that are the same players that are deciding whether or not wheat futures settle next week, right?
Dave Nadig · Excess Returns · Nvidia Is Betting on Its Customers. Gen Z Is Betting on Sports. Will It All End the Same Way? · 2026-09-06So a commitment to ensuring inflation is beaten. Second, while this summer's readings were better than expected, they do not tell me that underlying trends have meaningfully improved. That is hopefully a way of dismissing the argument that inflation is cooling enough to stand pat. The dovish read of the data that core PCE at 3.3% is heading in the right direction. Essentially rejected there. Thirdly, we should not indulge a regime in which market participants are looking primarily to the Fed for their next trade. Forward guidance gone. You're telling the market to stop trading the dot plot and start trading fundamentals, which is kind of what he promised to do in confirmation hearings and exactly what most people assumed he didn't actually mean. Now, the market reaction was a bit mixed, right? We saw September hike odds jump roughly 20 percentage points in a single session. A lot of banks now expect 50 bps or higher hikes this year through September and December. The CME FedWatch had the probability about 64% yesterday. We mentioned that's dropped to about 50/50 today. And we saw stock markets falling last week, or to start the week. We saw Gold dropping. It's since recovered. We saw bond yields surging. They're down a little bit now. It also puts him clearly at odds with the administration's demand for lower rates. So that's a bit of tension there. The tension that has been simmering since the confirmation fight. Trump wants cuts. Warsh is leaning towards hikes. And Warsh has told the entire world from what is the most visible stage every year in banking that he's Essentially going to prioritize inflation over presidential preference. Now, there is some pushback here. There's no empirical basis for the rate hikes yet. And I think what Warsh is talking about is hypothetical, theoretical. He's talking up inflation so that you can claim credit for taming it when headline measures inevitably come down.
Luke Guerrero · InvestTalk · Fed Rate Hike September 2026: Is Warsh's Inflation Warning a Game-Changer? · 2026-09-04Good morning, Carl. Indeed, these are the August final reads on the S&P service sector and composite PMIs. We'll have ISM at top of the hour. 56.8 was our mid-month look. It moves down to 56.5, but that's still the best level going all the way back to December of '24. And if we look at the composite, 56 was the last look. It remains at 56, and that is the best since March of 22. So even though we saw the service side downgraded just 0.3%, these are still very strong numbers. I look forward to seeing if the ISM services remain strong as well. A couple of quick details. We're seeing a bull steepening, a bull steepening in the Treasury complex, and that means that yields are dropping faster in the short end than they are in the long end. All maturity yields are lower on the day. Waller from the Fed talking at 8:30 really made a big difference. We now see Fed fund future probabilities at the CME under 50% for the SEP meeting. What a place to end, right? Squawk on the Street will return after a short break.
Rick Santelli · Squawk on the Street · 9AM HOUR: Nvidia Buys Hugging Face, Broadcom Falls While Snowflake Soars, Diesel and Pain at the Pump 9/3/26 · 2026-09-03