21 Burst results for "Chicago Mercantile"
What does it mean when water is traded as a commodity?
"I'm jordan heath rawlings. This is the big story. Diane dupont is a professor in the economics department at brock university. She is the co author of through our fingers how handed fails to capture the value of its top asset. Hello professor dupont hydrogen. How are you. i'm doing well. Can you start. Maybe for people to whom this came as kind of a shock when the news broke a little while ago. How did we end up with water. Futures trading on stock market so as you mentioned Water futures started trading on the chicago mercantile exchange in the us in early january and Just let me explain. What if auto futures contract is of. It's this visit a an agreement to buy or sell an asset at a specified future date at a pre specified price and typically. What happens with future contracts. Not water contracts will come back to that set. What would typically happen with. Enormous futures contract is at the future date. The exchange takes place the seller pays the price to the buyer and the buyer hands over the asset typically physical asset to the cellar with water futures. This isn't what happens. Water is not physically transacted on this water futures exchange rather water futures contracts are settled financially in other words dollars exchange at the end of the period so no actual physical transfer water from buyer to a seller takes place. And i think it's important that people understand the distinction between this water futures market where these contracts which are essentially contracts in prices and how prices are going to change in the future Take place so distinction between trading in futures contracts and trading in actual water. And they're different. Yeah i'd love to know how it works. And when the headlines say you know water is now being traded in futures on the what water are we talking about. So we're not talking about any water. We're talking about dollars. Well we are talking about riots. We are talking about what so. Let me let me explain there in fact if you will. This is a simplification in fact to kind of markets. Exchanges that are taking place on the one hand. There is the real physical trading in water. Which has been by the way taking place in california for over thirty years so so water actually traits physically in california and this is in fact the the underlying physical market that is being reflected in the the water futures contracts that we just spoke about so for over thirty years. We've had water trading taking place in california and what we do that it's because there's a lot of variability in water availability over the season often mismatch between what is needed and win at wear and so what has happened is that we have in the us california sellers who are willing to essentially transfer a physical quantity of the water over which they have rights to fire. Essentially there are groups of people in california who've had water rights or essentially entitlements to use water pre nineteen fourteen so these are very special kinds of water rights and they basically give the owner the right to take water on on their land now there are other types of water rights in california call. Ripe -tarian rights and these are rights to use the flow of water. That passes over your land so if your land is adjacent to a stream to a river to lake quite often people have these so called ripe perry and writes in california recognizes seats so these two kinds of rights essentially that people have to effectively sell water so their water sellers there are water buyers and as i said for over thirty years. We've actually had trades that have been taking place between buyers and sellers now the volume actual trading is pretty small. It's about four percent of all of the water that's used in the state so and most of the trading that takes place is within the same county or region so th water isn't going very far away from where it
"chicago mercantile" Discussed on WGN Radio
"A question about on the Eisenhower approaching St Charles and an accident inbound on I. fifty seven in the left lane before one hundred and twenty seventh Larnaca WGN traffic central not change your bed on five hundred and seventy one Steve thought it was the number you had I can see you're gonna hold me to it I know I'm good with that we'll see what happens I mean I certainly hope it doesn't happen right now the Dow is up nine hundred thirty six points the nasdaq up two hundred fourteen and the S. and P. five hundred up eighty nine nasty where do you think the market's gonna finish she wasn't all that optimistic that it would stay at those very high levels it's twelve forty four I took the over at five seventy one you wanna play o'ryan where do you think the market's going to finish the day I would pretty much go along with Steve on this one I think we're going to see some profit taking before it ends so I haven't formed a number yet but I will at one twenty what one twenty this afternoon I not not at a hundred and twenty points because if we know if we don't say it a thousand I can live with that but I'd like to keep as much of this is I cancel Steve said let's let's set the line at five hundred seventy one points up on the Dow always in that neighborhood to what else have you got for Soria well first of all let's talk about the numbers of the grain market Chicago board of trade the July wheat contract down nine and a quarter cents a bushel but July corn is trading higher up two and a quarter cent soybeans the July contract trading down three quarters of a penny livestock futures Chicago mercantile.
September Jobs Report
"It's the first Friday the of the month jobs Friday. When the Labor Department releases the number of American jobs lost or created the month before as well as the latest unemployment number jobs. Friday is always weighs on Friday and it's always at eight thirty. AM So on Squawk box. It's pretty much always free. There are a lot of voices in this conversation including our economics reporter. Steve Liebmann plus all of noisy traders behind our reporter. Rick Santelli who joins the team from the Chicago Mercantile Exchange Andrew will walk you through the rest of our panel joining us now Halston Goolsbee in the Windy City University of Chicago Booth School of business professor and former council of Economic Advisers who's chairman. It's great to see you my friend. Kate Moore's here strategist at blackrock. Dave macintoshes joining US President of the club for Growth and a former US congressman. It's great to have everybody here. Let's get to Diana like she has. The numbers one hundred thirty six thousand nonfarm payrolls increased by one hundred thirty six thousand in September. The unemployment rate fell to three point five percent down from three point seven percent. That is the lowest level since nineteen sixty nine Diana thank you we're going to talk about all of this with some reaction from our jobs panel right now kate. Let's start with you. We never put anybody on the spot with saying exactly what that number was going to be but you were looking for a strong number and this is this really solid number the number. I was going to give one fifty nine with some downside. I feel like one thirty. Six is a healthy number especially because you saw the good healthcare number we expect expected little weakness in manufacturing retail. I think that's kind of par for the course of where we are in the cycle so I feel really good about this especially in light of what we had earlier this week in terms of 'em so so I think equities will do well to balance of the day. Hey Steve. You've had a minute to dig through some of that. What jumps out to you is the most important parts in this report are just trying to see the last night we had to be and a half percent unemployment rate and it looks like you gotta go back to nineteen sixty nine for one look. Here's the problem and we sorta flagged this problem back. in August as at August is very typically typically revised higher so the slowdown we thought we had in August at one hundred and thirty which we thought was hey. We're coming down to the place where we think we ought to be. That was your vice one sixty eight yeah and I think those are good. I think that tells us that. We're doing a little bit better than we thought we were doing. Retail has lots of problems down eleven thousand and then down on six thousand. We have to watch that sector. There's a huge transformation as you know happening over there. Look there's two scenarios that we're watching for here. Scenario number one is is a sort of expected slowdown as the crazy two hundred plus job gains of last year. Come back down to normal if we can settle in call it a one on twenty five to one fifty range that would be good and we're worried about the weakness going down below one hundred thousand. I think the idea that that we're now in zone own where it looks okay. It's pretty comfortable. It's not great but it's not terribly week. I called a win. Hey Rick Walk us through the market reaction to me. The biggest news without a doubt is that the markets looked at it as good news stocks and treasury yields but it's really a bad report in not for the jobsite wages this this is terrible unchanged month over month under three percent two point nine on a year over. Excuse me month over month year over year basis this these are good numbers. It's all about the money I stand. What do you think of this report. You know this kind of a mealy peach of a report. We're we're a little under what what what the forecast was okay like. Steve said it's it's okay but it's not it's definitely not Great Austin though you're looking at the wage issue decelerating eating not accelerating. How important is that to you. I think it's pretty important now that wages are steady after we've had several months where where they were growing. Hopefully this is a blip but I mean I'm telling you the thing driving this whole thing is that the GDP growth rate is slowing down and and a lot of the forecasters are now saying that they expect a one handle for the rest of the year if we get GDP growth falling down into the ones. I think the jobs odds numbers are GonNa fall apart and the ways numbers are going to fall apart dave when he think growth expectations for the rest of the year what are yours continued to be strong in the two to two and a half percent a from a political standpoint. This is very good news. The fact that the unemployment rate is an historic low. That's what most people around the country look at and the job. The creation rate is averaging now at one sixty three hundred sixty thousand a month when you compare that to pre trump the the Obama era at one oh nine that's very good news that he can take to the public and say we're. GonNa continue to grow the economy create jobs and the wage. It's a slight downward trend trend in the direction but it's still a positive increase rather than decrease in average wages
"chicago mercantile" Discussed on Omnibus! With Ken Jennings and John Roderick
"A loan to buy a new combine rub it in the United States futures trading and throughout most of history futures futures trading was connected to commodities real real commodities like I mean and even the use of a of an olive live press is within the you know it's it's in the concrete world and it isn't it isn't necessarily that anyone anyone olive press is making a better olive oil than any other right <hes> Chicago because it was the location it was central to the agricultural roll world of a of nineteenth century America Chicago became the the Hog Butcher to the world city a big shoulder. That's right about both things and more <hes> <hes> but also the center of commodities training trading in the United States in the world and originally the commodities exchange in Chicago was called the <hes> Chicago Butter and egg board those are the those are the main things in butter and eggs men and this was before a free range eggs back when eggs were just a it just a commodity sounds more like a chocolate chip cookie recipe than a financial institution Chicago Butter and Egg Board it actually sounds like one of these restaurants where you can only get pickled pickles and a little bit of fish mason jars the Chicago butter and egg board <hes> morphed into the Chicago Mercantile Exchange and they were trading in sort of. I guess what you would what you would consider your your regular commodities like doc <hes> cattle and hogs or Melis milk. We're finally getting to where we're not quite. The pork bill fine so fast forward to <hes> the aftermath of World War Two <hes> the country is booming and commodities are in demand all around the financial institutions the Chicago Mercantile Exchange everybody's flourishing. It's sounds like a bubble the <hes> band to me. I love the Chicago Mercantile Exchange Wolfram the six different yeah exactly I record is amazing but in the mid fifties a couple of onion farmers by the name of Sam Segal and Vincent Kasuga <hes> realized I mean they were kind of onion Nyan farmers and also dabbling as onion traitors <hes> they started to try to game the system a little bit game the onion system this game the onion system and onions were a commodity that were that were traded like a lot of produce but onions had become a major a major commodity on the Chicago Mercantile Exchange because they're so delicious. They're very delicious. They are somewhat perishable. Everybody wants an onion as we as we so often say that old saying well no the style of time was to put one on your belt so you needed fresh onion. That's why this was such a big deal..
"chicago mercantile" Discussed on WGN Radio
"Let's get a look at your money on WGN, here's oriented, and we continue to strengthen on Wall Street today games in technology and industrial stocks put Wall Street on strike for the report the week of gains today. We're looking at some of the earnings reports and companies net flicks fell three and a quarter percent as investors look past its record subscriber numbers and instead focused on its lower than expected revenue forecast for the first quarter. And the American Express Dopp dropped two thirds of a percent. It was the top declined to run the Dow after the credit card companies fourth quarter profit fell short of estimates earnings season gains momentum as more than fifty s and p five hundred companies report results in the upcoming. Holiday-shortened week keep in mind that this is the last trading damn till Tuesday. The markets will be closed in observance of Dr Martin Luther King junior day on Monday the numbers. Now, the Dow is up two hundred sixty five points, the s&p five hundred up thirty one the NASDAQ up seventy five volatility index at the CBO e down two thirds of a point grain prices, Chicago Board of trade green screen. They're march. We is up one and a quarter cents a bushel March corn up two cents and Jan March. Soybeans up ten and a quarter cents, a bushel, livestock futures Chicago Mercantile Exchange.
"chicago mercantile" Discussed on FT Alphachat
"That makes suddenly makes a new strain of the virus very contagious or it can also start from some change in the environment. Like, rainy weather might keep us in together more. So we spread the disease faster things like that. But the explanation of an influenza epidemic always released to something that we don't even see or think about I think. It's the same with economic epidemics. I can't name the reason why the volatility of the market has shot back up. Again. It's something that diverted our attention. It may not be very quotable, very distinct. But it has created a epic attention toward the stock market. And I might also say the housing market has shown big changes in recent months. The futures market at the Chicago Mercantile Exchange for home prices is showing a sharp decline in expectations for future prices and all the indicators in the housing market in the United States are weakening. Now, all of a sudden and for no apparent reason? I mean, you could say the reason is that housing starts are down. But that's that's not an exaggeration. 'cause that's that's a result of some change. In thinking is this narrative based on the Federal Reserve series of decisions continue raising rates this year that is one of a whole constellation of narratives that impactful at the moment. I think that the other things that are operating. Now, our worries about the trade war. Worries about the thought that we're overdue for a crisis and judgments of other people's confidence that you derive from a lot of stories and observations of people. So this is an inherently unstable system the longer an expansion goes on are we more susceptible to infection by narrative as as a bull market continues. We keep thinking we keep having these conversations amongst ourselves about how this can't go on forever. And once your prime to think this can't go on forever. Is that the moment which your immune system is down? I think that that sounds like a good good story. I don't have any exact science now. Now because you know, it can go either way that's the problem. When you when you think the market is going up crazily, you might react different ways to it. Some people will react by selling and some will react by by it. It's a numbers of people. How many people are in one category versus the other? So it's like a tug of war. If you're watching people, you know, what I mean, we have a long rope. And you have to teams pulling on opposite directions on the road. How do you know which way it's going to go maybe one thing is to count. How many people are on each side? And also look at how spirited they are. It's that kind of judgment which is inherently difficult to make without even with a lot of data. It's difficult to predict where it's going. I think we're in a dangerous time in the stock markets now because so many people have had their confidence. Shaken they may think of it as a buying opportunity, and then be willing to outweigh the selling incentives that many people have, but it's not clear who's going to win this tug of war. Let me try out a narrative on you one avenue of infection. If we're gonna continue this metaphor might have come from financial markets commentators. There are certain companies and people in financial markets that have a lot more at stake right now than those of us who own houses and and live on a salary. We know that corporations over the last five years nonfinancial corporations have borrowed a ton of money, which puts them in a more delicate position as they watched. Markets. That's one we know that there are more levers loans, which is basically the same story. Right. That there that they've really taken out a lot of debt, which means they're just really swinging on the price of stock of their company..
"chicago mercantile" Discussed on WGN Radio
"Your money on WGN. Good morning, Oregon Samuelson and good morning to you. We're looking at a red screen on Wall Street. The mortgage sliding during the past hour Dow is now down now one hundred eleven points, the s&p five hundred down eleven the NASDAQ down fifty and traders are more worried. The volatility index is up two point turning to the grain trade that the Chicago Board of trade the December wheat contract trading down five and three quarter cents a bushel December corn down two cents. But no soybeans trading higher up two and a half cents, a bushel and livestock futures. Chicago Mercantile Exchange a mixed bag there. December lean hogs down just two cents one hundred weight and the February hogs trading higher the October. Lied cat. Contract down half a dollar the October Peter kennel contract down seventy seven cents one hundred weight the market again. Wall Street sliding today. As Bentley traders, not all that interested in taking risks at the moment. And of course, again Federal Reserve and the bond market is closed today. Bet your money on seven twenty WGN WGN sports. Lots of baseball the watch today game three of the AL DS this afternoon between the Astros and Indians that game in Cleveland Astros. One win away from advancing to the AL. CS dodgers tried to put away the Braves up two games to one that game in Atlanta. The winner of that series, by the way, we'll take on the Milwaukee Brewers. The Red Sox and Yankees tied at a game apiece game three in New York tonight and Monday night football action. Washington is in New Orleans WGN traffic, Mary Vanderbilt pretty light due to the holiday keep in mind. The Columbus Day parade step. Off twelve thirty at state and Wacker estate is already closed between Wecker and congress until three this afternoon. Edens looking good outbound. Kennedy twenty eight to the airport only twenty two coming in and is number thirty five from fifty three eighteen for Mannheim. Stevenson, twenty two from the tri-state and the Ryan is building from thirty first Bishop Ford, some delays from one hundred and eleventh accidents, I eighty westbound Chicago St. left lane is still blocked with that and still an accident willowbrook at eighty three and sixty seventh for personalized traffic on demand. Get the Traffix Chicago app approved by the mortgage experts of team hochburg just search T R A F F, I X Chicago.
"chicago mercantile" Discussed on WMAL 630AM
"Have, a better, opportunity for award that's how you. Can build a real do it yourself income business and so understanding the core. Strategy, will give you a tool it will give you an edge it will give you an advantage over doing the conventional approaches and doing. What everybody else has been doing it probably will give you an advantage over what you've been doing in the market because most, people aren't real satisfied with their returns when they. Take a hard look at it the only thing that makes you happy is that everyone else is doing poorly two houses What else is getting mediocre returns so you kind of, feel that comfort in everybody else's misery and so what we wanna do is kinda pull you, out of that misery and realize that there is a way for you to start generating safer and smarter returns if you're actively involved with. Your money and if you're actively involved in looking for safer and smarter places to generate income and so the opportunity to sit down with Sam side and on August, thirty first is a great opportunity for. You to really start understanding kind of the back door of this. Core strategy understand where it came from and understand how can. Help you going forward and this. Is one of the key tools that our students learn and part of it it started back when Sam. Was on the Chicago Mercantile Exchange and his job was to take orders from all the professional traders and all the investment houses and he'd have people sending things that they wanted. To buy a certain price and they wanted to sell at a certain price and back The day these were all. Done by paper so Sam had paper orders from all these, folks and what he would do to organize his days he'd stack the orders up and you'd, have all the sell orders on the left side and all the buy orders on the right side and what he realized was that at Every day there was always one stack of sell orders. That was bigger than all the rest and there was one stack of buy orders that was bigger than all the rest now there's a. Lot of stuff that happened in between But Sam after a while I started look. At what happened at that big pile of sell orders what happened, at that big pile of buy orders and what Sam realized is that that, basically set, the range for. The day and so generally stocks will go up and down commodities will, go up and down features or go up. And down but they would move between that big pile of sell orders and. Big pile, buy orders and so that and he started to understand that that was a demonstration of real, demand real institutional demand that most people couldn't see and he also recognized that the, big pack of sell orders was institutional supply and again institutional supply that most people couldn't see as. A part of the power of the core strategy it's allowing you to kind of. Harness these basic economic principles of supply and demand and being able to understand that. The, institutions have a clear idea before the market opens Before anything happens they have a clear idea of where they want to buy and where they want, to sell and the problem, for most individuals is that you're reactive like you don't have a real. Strategy to identify where's a safe place to buy. Or safe place to sell and so part of the core strategy allows you. To see where did the institutions have an interest. And the institutions are big you know they're making a million share, trades million lot trades so they leave footprints leave evidence as to where they, want to, buy and where. They want to sell and that's one of the key parts of the, core strategy and this is the core strategy. Allows you to get probability on your side because what we know is that. Individuals don't, move the market institutions do so if we understand where the institutions want to buy and where. The institutions want to sell than absolutely you're going to have an edge and you're, going to have the opportunity to get probability on your side and we're going to start Learning how effectively generate yourself. Income yeah.
"chicago mercantile" Discussed on WMAL 630AM
"A better opportunity for award that's how you? Can build a real do it yourself income business and so understanding the core strategy will give you a tool it will give. You an edge it will give you an advantage over the conventional approaches and doing what everybody else is doing probably. It will give, you an advantage over what you've. Been doing in the market because most people aren't real satisfied with their returns. When, they take a hard look at it the only thing that makes you happy is that everyone else is doing poorly two houses getting. Mediocre returns so you kind of feel that comfort in everybody else's misery and so we wanna do is kinda pull you out of. That misery and realize that there is a way. For you to start generating safer and smarter returns if you're actively involved with your money and if you're actively involved in Looking for safer and smarter places, to generate income and so the opportunity to sit down with Sam side and on August thirty first is a great, opportunity for us to really start understanding. Kind of the back door of this core strategy understand where it. Came from and understand how can help you going forward and. This is one of the key. Tools that our students to learn and part of it it started back when Sam was on. The Chicago Mercantile Exchange and his job was to take orders from all the professional traders and all the investment houses and he'd have people sending things that they wanted to buy. A certain price they wanted to sell at a certain price and back in the day these were all. Done by paper so Sam have paper orders from all these. Folks and what he would do to organize his days he'd stack the orders up and you'd have all the sell orders on the left side and all the. Buy orders on the right side and, what he realized was that at Every day there was always one stack of sell orders that was bigger. Than all the rest and there was one stack buy orders that was bigger than all the rest now there's a lot of stuff that happened in between but Sam after a while. I started look at what happened at that big pile of sell orders what happened at that. Big pile of buy orders and what Sam realizes that that, basically set the range for the day and so generally stocks would go up and down commodities, will go up and down futures will go up and down but they would. Move between that big pile of sell orders and big pile buy orders, so that and he started to. Understand that that was a demonstration of real demand real institutional demand that most people couldn't see and. He also recognized that the big packets of sell orders was institutional supply and again institutional supply that most people couldn't see as a part. Of the power of the core strategy It's allowing you to, kind of harness these basic economic principles of supply and demand and being able to. Understand that the institutions have a clear idea before the market opens before anything. Happens, they have a clear idea of where they want, to buy and where they, want to sell and the problem for most individuals is that you're reactive. Like you don't have a real strategy to identify where's the safe place to buy or safe place to sell and so. Part of the core strategy allows you to see. Where did the institutions have an. Interest and the institutions are big, you know they're making a million share trades million lot trades so they leave footprints leave evidence as to where they want to buy and where they want to sell and, that's one of the key parts of the. Core strategy and this is the core strategy allows you to get probability on. Your side, because what we know is that individuals don't move the market institutions do so if we under Understand where the institutions want to buy. And where the institutions want, to, sell, than absolutely, you're, going. To have an edge and you're going to have the opportunity to get probability on, your side and we're going to start learning how effectively generate do yourself income you.
"chicago mercantile" Discussed on Radical Personal Finance
"You know, all the. We didn't have any television costs. We didn't have any internet connectivity costs. We didn't just run on down the line. All those things that add up, you know, in any given month just I'm gonna just I'm sure you've probably talked about this on other shows, but just things like owning a car. I mean, all the different expenses that you have with the car. Boom, they're gone. So back to my earlier question, I know I want you to maintain your financial privacy, but I, I wanna go back to the accumulation period before thirty seven. Yep. During your early thirties, and when did you meet Mary? What? How long were you together prior to making this step? We got married in nineteen Ninety-one, so. So about thirty five or so. Right. Both before we were just just turned thirty one, right, right. So during your early thirties as a young couple, what did you do differently than other of your co workers that allowed you at thirty seven device sailboat and leave where you aggressive savers did you make? What did you do? Well, we, I mean, we we, we ended up being being pretty good at saving, but I think that's mostly because we had a lot of income. Okay. You know, I worked for a company called wise technology, which was the the number one supplier of computer terminals back in the day when when the dumb terminal was king, we also made PC's and multi user multi processor Unix base systems, and Susan worked on the trading floor actually at the Chicago Mercantile Exchange. So she was one of the few women that was for people. Most people probably seem trading places, right? She was. She was out there in the in the open outcry right in the pit, or did you. Corn and soybean euro down. So anyway, she she worked in the at the Mercantile Exchange. I worked for for wise technology and. Can I just I do well, so so we weren't thinking so much about accumulating money. I think that we always thought we would go back to work when we were done sailing, and because we had been earning really well before we went sailing, we assumed that we could after sailing. Also, we didn't realize that our whole world view would change as a result of the sailing.
U.S. home sales sag as prices race to record high
"On WGN, here's, Oregon Samuelson the existing home sales report from the national association of realtors today said existing home sales fell six tenths of, a percent to an annual rate of five billion three hundred eighty thousand units last month economists polled by Reuters had expected existing home sales to, gain half a percent sales rose in the northeast and the mid west but fell in the West. End, populous south. And the median house price increase five point two percent from a year ago. To an all time high of two hundred seventy six thousand nine hundred dollars in June. And the numbers on, Wall Street well pretty. Quiet the Dow is down sixteen points the and be five hundred up. A point the NASDAQ. Down twelve Point and the volatility index the CBO we. Up. A third of a. Point brain prices. Chicago, Board of trade. The September wheat gun brag creating higher it's up. To win three quarter cents a bushel September corn penny and a half and August soybeans up just a quarter of a cent a bushel Chicago Mercantile Exchange livestock futures the Tober. Lean hog contract up a. Dollar twenty, five, cents on the August lied cattle contract down twenty cents and the August feeder cattle contract down fifty seven cents one hundred, weight and that's your money on seven hundred twenty WGN WGN sports the White Sox on the road in LA tonight to take on the angels, pregame with Andy major at eight thirty first pitch from Ed farmer Darren Jackson at nine five all. Right, here on. Seven twenty WGN cubs her home still they're entertaining the Arizona Diamondbacks this evening..
VMware: Why you should watch this stock
"chicago mercantile" Discussed on KCMO Talk Radio
"Do yeah and that's what i'm saying what what why wouldn't i do that again the trading strategy takes forty five minutes experience it takes fifteen that's all i'd take fifteen minutes a day detroit now what am i gonna do watch judge judy at home all day no i mean i want to come in and help people fulfill their dreams to be honest with you do you like do absolutely i do too yeah i mean i don't get why people people think it's all about money well once you have all the money that you ever need a wide funny story i can't you do the thing that you love to do when when i do go home this is horrible you think i like doing this radio show is the whole reason why going into a classroom in front of a group of brand new people don't know stock from a stick getting them excited about their wives breathe some life in those friction frigging corpses that are stuck in that rut of a job of course i you know robert dot and bob donner most successful trainer who makes the most money i mean i i've seen a straight logs he makes a hundred thousand dollars a day why does he go into the training room and teach the students because he has a blast doing it i mean the nation that those students show him it's unbelievable but yeah it's all about like you said multiple streams of income we don't want to be relying on just one thing i know that bob done by the ways from chicago and i know some of you guys are listening to my voice in chicago today but you know he's one of the funniest people i've ever met he spent thirty years on the chicago mercantile exchange i mean he's just he's that guy but he trades his own account now i think he's trading like a five million dollar but he has this extensive car collection he owns the frigging batman the nineteenth sixty six tv series batmobile is one of our instructors illenss that thing and but i had dinner within one night and i was brand new to this i was brand new online trading academy i just purchased the franchise in kansas city and i had the.
"chicago mercantile" Discussed on Masters in Business
"Exactly and so this is something that the big problem that wasn't the introduction of into the mortgage market it was the introduction of live into the derivatives market and that happened in the mid nineties and that was something that at the time the commodity futures adding commission had to approve this because it was the chicago mercantile exchange that was looking to have library embedded as a mechanism in interest rate swaps and that was it was seen as a way to make soi the swaps market much more accessible in much more efficient and much more liquid but at the time a number of traders warned the tc that if you do this you're inviting disaster because traders at the big banks no hulliber works they're completely unrelated by central banks or by financial regulators and they it's very easy if you give banks a huge profit incentive to manipulate something guess what they're going to manipulate it so so let's say on that point in the book you discuss gary gansler you just mentioned the commodity futures trading commission gansler is the person who pretty much defend the the the cftc and then he ends up running it as the library scandal is unfolding and for reasons i i still don't understand falsely takes claim for initiating an investigation into leibler it actually predated his ten year by year explain this mania because this is crazy also well this is the the regulatory pendulum has swung so wildly and i think it's a common misconception right now in twenty eight team to look at this as a practice democrats versus republicans in our democrat barack obama donald trump and that just not what it is i mean this dates that well in this started in the clinton administration the clinton administration.
"chicago mercantile" Discussed on WGN Radio
"Information agency and this weekly report out today meanwhile a not much change and the wall street numbers in the past hour dow industrial average up or down eighty eight points the sp 500 down five but the nasdaq is moved into positive territory it's up four points and the ball attila the index at the cbo we above unchanged turning to the grain trade that the chicago board of trade not much change there either the march wheat contract is up three and three threequarters cents a bushel but march corn is down a quarter of a cent a bushel and march soybeans trading higher up three m three quarters cents a bushel livestock traces chicago mercantile exchange pretty much a green screen their boy lenehan gun dry up twenty cents hundredweight february live cattle at ninety two cents on broadway and the january feeder cattle gun bright trading up ninety cents at one hundred forty eight dollars seventy seven cents hundredweight and led to your money on seven twenty wgn wgn sports blackhawks are off tonight the bulls as well college basketball uic travels to youngstown state in knack became play michigan his nebraska in minnesota travels east to take on maryland lets you look at traffic now mary van de velde wgn traffic sponsored by walgreens first dancing some delays on 350 five at the tristate rather he make your way into laugh fifty five southbound with an accident repair pointed there also in woodbridge an accident lamont and seventy fifth edens okay in both directions kennedy inbound thirty four minutes from o'hare about 26 from the edens an eisenhower forty two from fifty three thirty for mannheim inbound stevenson thirty from the tristate and the inbound ryan said 22 from 95th lakeshore drive in good shape we still have a hazardous material situation going on and the gold coast area chicago and dearborn switch your medicare part d prescriptions to walgreens and start saving today with co pays now as low as zero dollars on select plans with tier one generics walgreens trusted since 1901 for traffic on the sevens or eighths or any time ondemand gets traffic chicago app approved by team hochberg at perl mortgage just search t r a f f i x chicago mary van de velde wgn traffic central forecast from the wgn chicago weather center sunny but windy and cold today.
"chicago mercantile" Discussed on WGN Radio
"Marketplace and you've been on quite a roller coaster over the past year so we have a market volatility has been a top of mind over the past couple of years especially at the national calum its beef association we've worked really hard for the chicago mercantile exchange and others uh agencies in washington dc to try to find out in in and see if he could uh manage this volatility if possible and were found out and i think the seamy found out that it's easier to say than do but we have a tweak things a little bit the cme to where we hope it has a little bit of an effect on volatilty and the seems at the marketplace awareness do day and aging and unfortunately that's probably a new norm so to speak to volatility that we may be forced to live with but without being said we're still trying to tweak things to to dampen those volatile fetch where we can and then let's talk about the impact of your work in the foreign markets you've done a lot to promote beef exports unexcited about the talk about trade it's uh benneh success story and continues to be and it's going to be top of mine going into 2018 as uh my year of the leading the national cattlemen's beef association uh this past year in 2017 we got formal access back in the china with usp for the first time in fourteen years and so uh i was one of the few guys you've got to go over with the secretary purdue and be a part of that opening ceremony in as a good experience to see the chinese economy over there and uh he gave me a greater appreciation of our potential but what we can do in china with us beef uh the chinese love our product so we just need to develop those pistons the distance relationships over the next few years and build up market up uh we've got a lot of things.
"chicago mercantile" Discussed on The Cryptoverse
"On today's episode of the crypto vets we have the ability to mine cryptocurrency in your car full free we have the chicago mercantile exchange tweeting out saying they're going to launch futures on the eighteenth on december which is a mere fourteen days away and mice helium have created this little hardware device which you can pull into a print and create people wallets so let's get into these doors in early interest today an there's going to go for these stories real quick so the first one is mine cryptocurrency new coffer free so this has been on a number of different news outlets and the story is basically the people with tesla's right tesla cause test that the company provide that network of charger stations so places where you could charge your test lokov will free and he's exclusive four tests look customers as as i am a wet nama as far as a wet i know i know does anyone can groom roll up in use them because the naveh proprietary something that's not important what is important is you get unlimited charging we will left for free so people have started doing is putting bitcoin mining machines in the boots all in the trunk in the back of that tesla car and then when it's plugged in to a supercharged station with the free electricity its mining bitcoin so that's how people of making money from the cause now this is this is when ethical biggest in my opinion biggest tesla the company they're still paying for the electricity right and um when they provide this network of supercharged stations the they do so to support the purchase of your car by one of the objections to buy electric car is the the infrastructure and all the fueling stations for fossil fuels does already in place so you buy an electric car that fuelling infrastructures and yet very friendly all convenient for electric car in as which is why tests with okay we're gonna have to solve the problem full customer while the number going to buy out products so the goal this network of sepa judge stations across the united states europe and there's tons of amid england its own so that's why they provide these who jiji stations they didn't provided.
"chicago mercantile" Discussed on WAAM Talk 1600
"Was often entirely you and i agreed at the time when when you sent me that 'cause you're the first person the semi that that that clip from cnnorc nbc a restaurant kgb saw that interview you saw that their view and we know how interviews work i mean we've been doing this for a long time you do in other people you know uh the questions are not a surprise and the questions that neoc who though was asking him were softball questions that have been i'm sure with john dean van questions because he would not ask those questions on his own and the answers you're just to smooth into path so you know that before this financial crisis comes to an end we're gonna see precious metal prices and all commodity price that's groups oil we are you you name it are going to be a some fantastic price of course likes that this financial system will be the biggest casually as will us star so it's interesting that abdullah about your take on duffy as well because there are some folks it said you know dave you are you have a bias toward the chicago mercantile you believe that they are inter goal in the criminal in a use were criminal criminal manipulation of the precious metals markets and they are at ground zero of a frank where they are and these folks came back to me and said you know you're you're taking dean dean the i mean he was just the he was just putting just put something out there and aid the this is not the the the beacon that you seemed is to say that he's trying to to put out there yet jump in here right now terry duffy of the cardcarrying member gold plated cardcarrying deep name he knows exactly what he's doing an exam beneath saying yes anybody in in in in europe and canada but is there any body in the united states government when you look at them the chinese okay uh i think this person has are back well i'll tell you what uh i think i said in my saturday calling the cat remember the quote exactly the you know basically the deep states and is and the.
"chicago mercantile" Discussed on WGN Radio
"The three major indices we have started the slide downward the dumb now down 40 points the sp 500 down 3 points the nasdaq down thirty four point but the worry factors the volatility index with the cbo e is up eight temps of appoint trading you'd ten twenty six blamed part of the selloff on the travel industry because shares of priceline fell eleven percent and man of travel review website side operator grip adviser hit a fiveyear low after the company's gave soft fourth quarter profit forecasts and jerking the grain trade of the chicago board of trade today it's trading mixed the december we've gone dragged now down four threequarters unser bushel the december corn contract is down one and a quarter november soybeans trading higher of three and a half since a bushel lodged on future chicago mercantile exchange the december lee noncontract down sixty five cents hundredweight the december loyd donald contractors down server the two serbs and the november peter cattle drug is down forty five cents hundredweight emerge your money on seven twenty wgn wgn sports the bulls are in toronto tonight the blackhawks visit philadelphia on thursday wgn traffic adam chapelle other crash me on the inbound side of the dan ryan your 95th has been cleared out of the way northbound side of the tristate much work rational 100 and 27th and blocking the right lane over on the edens fifteen minutes either way between lake cook to the junction kennedy 22 minutes o'hare to downtown fourteen for mantras nineteen back out like running 21 minutes on the way between thorndale in downtown stevenson thirty three min it's in from three 55 twenty six to the veterans toll that enron fourteen minutes either way between 95th street and downtown.
"chicago mercantile" Discussed on KCMO Talk Radio
"Of course but so that's what had happened is to ensure the commodities market now which was of course the chicago mercantile exchange thirty years ago yeah so that these financial instruments exist but that's what wall street deals with they they they had they buy stocks which is hard equity in companies that they buy exchangetraded funds that's another financial instrument that they invented to put things in their favour which by the way is typically a basque the stocks that follows the average of return of a specific index now whatever and actually choosers out 1994 of them yeah first one was a standard and poor's and that of course follows the averagedout fortune 500 companies the top five hundred copies united states suburb sunday they're stocks went down some of them went up but it's the average cross all five hundred of the sure and these etfs exchangefreighted funds they trade like stocks sachets of stocks that you can buy a you know a certain number of shares of s p y which is the standard and poor's and then they decided to event the inverted etf by which is it could paying into the ones that are following endesa the s p why for example which is that standard and poor's it follows exactly goes up in proportion to how that average index of the sp 500 goes up but uh the s h did said lesage has got to go down by wrecked proportion to it now it does the opposite that's how a lot of people made a fortune in two thousand nine yes i swear simply switched from the spider ticker symbol espy wide that mirrors the sp 500 to the ember spider ticker symbol as a writer when everyone else lost thirty nine percent their account went up thirty nine percent and you know they even have ultra inversely tmfs now where it does twice as bad as the mark get or you can do an old trade the epa those twice as good as the market yeah so many options now used by we get back your amenable block that's puddle financial histories that because of a bit of.
"chicago mercantile" Discussed on Programming and Performance with Cliff Click
"Despite the fact that the industry as a whole spins you about a billion dollars annually on compliance alone so so you know this were in rennes it came in as a start up the name comes from forensics in the markets and we we the financial data streams aka the stock ticker tapes and the back in training logs from the training of private trading locks in the public data and we'll look for illegal activity and we're not law enforcement agency we build tools not law enforcement the tools used by regulators in by mutual funds a by trading firms and banks in whoever us and we don't just look at the new york stock exchange ticker tape we look at tekere takes mike the chicago mercantile exchange or commodities or or trade it and the newark new york hush change in the london exchange a hong kong and the you know the japanese and taiwanese and so on so forth worldwide was how we bought a truly in rows of data daily for futures and editing for might see about a billion rows of data daily to terabyte but it more common size for midsize trading firm might be tim lane rose ten billion trade actions on ten gigs of data daily and so now we're looking for you know build some imelda do something here the goal here is to help somebody understand what is good or bad activity and in your and find it so the doddfrank laws akim around declared that the intent to deceive is illegal but a computer does not declare intact that requires a judge.