Podcasts

CFTC Talks covers all topics and areas impacting the markets the agency regulates.

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09/14/2018
CFTC Talks EP062: Natixis Chief Economist Joe LaVorgna
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This week on CFTC Talks, we have on Natixis chief economist Joe LaVorgna. We discuss the latest US unemployment data and how this impacts monetary policy in the United States. How far will the FOMC raise rates in 2018 and 2019? What are the key factors to watch going forward? Is there a recession on the horizon? 26:08
09/12/2018
CFTC Talks EP061: FlashCast CFTC Chris Goodenow
No transcript
On Wednesday, we’re doing a CFTC Talks FlashCast, a shorter podcast on a single subject. And we bring on CFTC Market Intelligence Branch’s Chris Goodenow to discuss his research entitled, “Impact of U.S. Tight Oil on NYMEX WTI Futures.” The MIB team conducted research on activity in the New York Mercantile Exchange (“NYMEX”) Light Sweet Crude Oil futures contract (“WTI”) to determine what effect, if any, the growth of tight oil1 in the United States had on usage of the contract. DMO staff analyzed trading volume and open interest across all listed expirations from January 3, 2003 to March 30, 2018. 10:54
09/07/2018
CFTC Talks EP060: JPMorgan Sandie O’Connor
No transcript
This week on CFTC Talks, we dive into the key interest rate market issue of Libor and SOFR with $200 trillion in contracts impacted. Will SOFR replace Libor? What are the key differences in the two rates? Is there a date in the future the transition will happen? All these questions answered and more! 28:47
08/31/2018
CFTC Talks EP059 Beacon Platform Mark Higgins
No transcript
This week on CFTC Talks, we return to the structural issues of the financial markets and have a discussion with Beacon Platform, Inc.’s COO Mark Higgins.  The evolution of fintech, algorithmic trading and artificial intelligence all covered. 32:45
08/24/2018
CFTC Talks EP058: Craig Phillips, US Department of the Treasury
No transcript
This week on CFTC Talks, we talk with Counselor to the Secretary of the US Department of Treasury Craig Phillips about the Treasury’s latest research report on regulatory reform, “Nonbank financials, Fintech, and Innovation.”  We discuss technological advances in financial services, digitization of finance and the economy, and how there are significant opportunities to accelerate innovation in the United States. 23:29
08/17/2018
CFTC Talks EP057: Kathy Jones Schwab Fixed Income Strategist
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This week on CFTC Talks, we talk with Charles Schwab Fixed Income Strategist Kathy Jones. We cover the top three drivers for US interest rates: Federal Reserve policy, inflation expectations and the global economy. 23:39
08/15/2018
CFTC Talks EP056: CFTC DAVE AMATO FLASHCAST
No transcript
This week on CFTC Talks Flashcast, we bring on CFTC’s Dave Amato to discuss the Market Intelligence Branch’s research entitled, “Agriculture Block Trade Analysis.” We discuss what block trades are, why they have been added to agricultural futures trading and what impact they are having on the markets. 16:16
08/08/2018
CFTC Talks EP055: CFTC John Couglan
No transcript
This week on CFTC Talks, we do our 1st FlashCast with Market Intelligence Branch’s John Coughlan.  ICYMI, FlashCasts are short, single subject podcasts.  On this one, we cover MIB’s research piece, “Sharp Price Movements in Commodity Futures Markets.”  The research covers 16 major contracts and looked at 2.2 billion transactions to understand events driving price movements. 9:57
08/03/2018
CFTC Talks EP054: Robert Shiller, Yale University
This week on CFTC Talks, we speak with Nobel Prize winner Robert Shiller from Yale University.  We discuss his upcoming book based on his 2017 paper, “Narrative Economics” or the stories that drive market movements.  Great Depression, Great Recession and Bitcoin all discussed. 31:51
07/27/2018
CFTC Talks EP053: MARK YALLOP FMSB Part Two
No transcript
This week on CFTC Talks, we speak with Mark Yallop, chair of the Fixed Income, Currencies and Commodities Markets Standards Board. We cover the enormous cost to the world financial system of bad behavior, how to historically break down market misconduct into 7 categories and why trust is the heart of the financial markets. 18:07
07/20/2018
CFTC Talks EP052: MARK YALLOP FMSB Part One
No transcript
This week on CFTC Talks, we speak with Mark Yallop, chair of the Fixed Income, Currencies and Commodities Markets Standards Board. We cover the enormous cost to the world financial system of bad behavior, how to historically break down market misconduct into 7 categories and why trust is the heart of the financial markets. 27:20
07/13/2018
CFTC Talks EP051: Jim Bianco, Bianco Research
No transcript
This week on CFTC Talks, we speak with founder of Bianco Research, Jim Bianco. We cover a wide range of topics from why confidence surveys are wrong to the challenges the Federal Reserve has on how to manage raising interest rates and reducing their balance sheet. 27:54
07/06/2018
CFTC Talks EP050: Benn Steil, Council on Foreign Relations
No transcript
This week on CFTC Talks, we speak with Benn Steil, senior fellow and director of international economics for the Council on Foreign Relations (CFR). We cover the risks to the global financial system, interest rates, emerging markets and his new book, "The Marshall Plan: Dawn of the Cold War". 29:59
06/29/2018
CFTC Talks EP049: JO ANN BAREFOOT, BAREFOOT INNOVATION GROUP
No transcript
This week on CFTC Talks, we speak with fintech innovation expert Jo Ann Barefoot from Barefoot Innovation and co-founder of Hummingbird Fintech. Ms. Barefoot has been a regulator, a Senate staffer, and industry consultant and a volunteer in the financial regulatory and consumer movement space. We discuss why she believes we’ve been doing it all wrong and what are the best practices for these areas: fintech, regtech and innovation. 31:44
06/22/2018
CFTC Talks EP048: IMF’S FABIO NATALUCCI
No transcript
This week on CFTC Talks, we speak International Monetary Fund Deputy Director of the Monetary and Capital Markets Department Fabio Natalucci.  We discuss the findings of the IMF’s latest Global Financial Stability Report and what are the biggest risks to the global financial markets.  Italy, China and global trade are some of the topics we dive into. 33:14
06/15/2018
CFTC Talks EP047: CFTC Chairman Chris Giancarlo and CFTC Chief Economist Bruce Tuckman
This week on CFTC Talks, we speak with CFTC Chairman Chris Giancarlo and CFTC Chief Economist Bruce Tuckman. We review their white paper, “Swaps Regulation Version 2.0.” At the ISDA annual meeting, the Chairman states, "This white paper is economy-focused. And our role at the CFTC is to bring a market-focused approach. Our focus is what's in the best interest of the markets. Our mission is market integrity and market health." 24:47
06/08/2018
CFTC Talks EP046: ICAPITAL CEO LAWRENCE CALCANO, Part 2
This week on CFTC Talks, we speak with iCapital CEO Lawrence Calcano on the state of the alternative investment sector. We cover how iCapital chooses the funds they invest in, the way they use fintech and what are interesting sectors for future investment. This is part 2 of a 2 part series with Mr. Calcano. 19:40
06/01/2018
CFTC Talks EP045: ICAPITAL CEO LAWRENCE CALCANO, Part 1
This week on CFTC Talks, we speak with iCapital CEO Lawrence Calcano on the state of the alternative investment sector. We cover how iCapital chooses the funds they invest in, the way they use fintech and what are interesting sectors for future investment. This will be a two part series with part 1 released on Friday and part 2 released the week after. 23:17
05/18/2018
CFTC Talks EP044: UK’S FCA Nick Cook, RegTech and TechSprint lead, Part 2
This week on CFTC Talks, CFTC's Dan Gorfine and I bring on UK’s Financial Conduct Authority’s Nick Cook, head of RegTech and Advanced Analytics. We cover a wide range of fintech issues from blockchain to regulatory technology to AI.  Mr. Cook and FCA create hackathons with industry and government to solve challenging technology issues.  This will be a two part series with part 1 released on Thursday and part 2 released on Friday.  20:00
05/17/2018
CFTC Talks EP043: UK’S FCA Nick Cook, RegTech and TechSprint lead, Part 1
This week on CFTC Talks, CFTC's Dan Gorfine and I bring on UK’s Financial Conduct Authority’s Nick Cook, head of RegTech and Advanced Analytics. We cover a wide range of fintech issues from blockchain to regulatory technology to AI.  Mr. Cook and FCA create hackathons with industry and government to solve challenging technology issues.  This will be a two part series with part 1 released on Thursday and part 2 released on Friday. 26:10
05/11/2018
CFTC Talks EP042: Mike Englund, Action Economics
This week on CFTC Talks, we bring on Mike Englund, Chief Economist at Action Economics. We discuss his outlook for GDP (+3.4% for next 2 quarters), capex, and when he thinks the next recession will begin. Also, we dissect how corporate debt is going to be impacted by the higher US interest rates and the large amount of new US Treasury securities. 26:02
05/04/2018
CFTC Talks EP041: Alex Rampell, General Partner at Andreessen Horowitz
This week on CFTC Talks, CFTC's Dan Gorfine and I bring on Andreesen Horowitz' lead on fintech investments, Alex Rampell.  We cover a wide range of fintech issues from crypto currencies to blockchain (what it's not) and AI. 43:16
04/27/2018
CFTC Talks EP040: Derek Scissors, AEI resident scholar on Chinese and Indian Economies
This week on CFTC Talks, we discuss China and US Trade.   27:56
04/20/2018
CFTC Talks EP039: CFTC Director of Enforcement James McDonald
This week on CFTC Talks, we bring on CFTC Director of Enforcement James McDonald.  We cover the DOE’s approach to precious metals, enforcement of the CEA and recent cases. 24:58
04/13/2018
CFTC Talks EP038 George Saravelos Deutsche Bank, Global Co-head FX Research
This week on CFTC Talks, we bring on an expert in the non-virtual currency world known as foreign exchange. Deutsche Bank’s George Saravelos Deutsche Bank is the Global Co-head FX Research in London.  We discuss the outlook for the US dollar against the major currency pairs.  We try to solve the conundrum of why the currency markets have been less volatile than the equity and bond markets.  And why the Federal Reserve and the US Treasury are critical for understanding investor outlook on the US dollar. 27:40
04/06/2018
CFTC Talks EP037 Prof. Scott Irwin University of Illinois, speculation expert
This week on CFTC Talks, we have University of Illinois Prof. Scott Irwin, an expert in speculation in the commodity markets.  We talk about how trading and speculation have radically changed over the last 5 years and why Ag prices remain low.  Also, we discuss his recent paper, “Trilogy for trouble shooting convergence:  manipulation, structural imbalance and storage rates.” 33:12
03/30/2018
CFTC Talks EP036: USDA Secretary Sonny Perdue
This week on CFTC Talks, we bring on special guest USDA Secretary Sonny Perdue. We cover his background, his priorities and strategic goals for the USDA and Ag prices. Also, we discuss the rapid innovation occurring on farms and why more is coming fast. Secretary Perdue has been to 33 states recently and shares what he found out during his visits. 17:08
03/23/2018
CFTC Talks EP035: PwC Julien Courbe
This week on CFTC Talks, we bring on PwC’s Julien Courbe, who leads their US Financial Services Advisory. He advises C-suite executives at major financial services institutions on how to address issues related to growth and performance improvement, digital transformation, financial crime and regulatory compliance, as well as technology and operations effectiveness. We talk fintech, blockchain and AI. What are the challenges and predictions for the future of digitized financial services? 25:42
03/16/2018
CFTC Talks EP034: KSU Dr. John Floros
This week on CFTC Talks, we bring on Kansas State University's Dr. John Floros to discuss the rapidly changing world of agriculture and AgTech. How does KSU prepare the agriculture students of today for the technology driven farms of tomorrow? Drones, sensors, driverless trackers and data science all discussed. 30:14
03/02/2018
CFTC Talks EP033: Chamber of Digital Commerce
This week on CFTC Talks, we bring on Chamber of Digital Commerce’s President Perianne Boring and General Counsel Amy Davine Kim to discuss the mission of the Chamber, and where they see digital assets/blockchain-based technologies are heading.  23:36
02/23/2018
CFTC Talks EP032: CFTC Commissioner Rostin Behnam
No transcript
This week on CFTC Talks, we bring on CFTC Commissioner Rostin Behnam to discuss his vision and priorities for the agency in 2018. Market risk, systemic risk and financial stability are all on his agenda. 21:27
02/16/2018
CFTC Talks EP031: Northwestern Mutual Chief Investment Strategist Brent Schutte
This week on CFTC Talks, we have on Northwestern Mutual Chief Investment Strategist Brent Schutte. We cover market volatility, stocks, bonds and investing during crazy market moves. Brent answers the big question: is there any economic slack left?  22:56
02/08/2018
CFTC Talks EP030: Natixis Chief Economist Joe LaVorgna
This week on CFTC Talks, we have on Natixis chief economist Joe LaVorgna. We cover what’s driving the market volatility and where interest rates are headed. Why Joe thinks the Fed’s Vice Chair will be critical for monetary policy. 22:59
02/02/2018
CFTC Talks EP029: CFTC Chief Economist Bruce Tuckman
This week on CFTC Talks, we dive into research on the $544 trillion interest rate swaps market. Is it really this big or is there a better metric for size and risk? How to construct a new index and what will it tell us? Can you extend the framework to other markets like FX and credit? 18:04
01/26/2018
CFTC Talks EP028: Citi Global Head of Commodity Research Ed Mors
This week on CFTC Talks, we bring on Citi’s Global Head of Commodity Research Ed Morse. We discuss what’s driving the markets we watch: energy, ag, & softs. We review major changes in the market structure and what Mr. Morse reviews every day to understand the markets. 29:45
01/19/2018
CFTC Talks EP027: Alex Rampell, General Partner at Andreessen Horowitz
This week on CFTC Talks, CFTC's Dan Gorfine and I bring on Andreessen Horowitz' lead on fintech investments, Alex Rampell. We cover a wide range of fintech issues from crypto currencies to blockchain (what it's not) and AI. Duration: 40:52
01/12/2018
CFTC Talks EP026: St. Louis Federal Reserve Chris Neely
This week on CFTC Talks, we have on St. Louis Federal Reserve’s, Chris Neely, author of "Four Stories of Quantitative Easing." We cover the QE programs of the Federal Reserve, Bank of England, Bank of Japan and European Central Bank. Duration: 33:20
01/05/2018
CFTC Talks EP025: CFTC Andy Busch Chief Market Intelligence Officer
This week on CFTC Talks, we discuss CFTC’s 1st ever 2018 Q1 Market Review and Outlook research. What will this report cover, what are the major market themes, and what is the market narrative’s biggest unknown for 2018? Duration: 16:44
12/29/2017
CFTC Talks EP024: Coincenter.org Peter Van Valkenburgh
This week on CFTC Talks, we bring on Coincenter.org Director of Research Peter Van Valkenburgh. We discuss the key new innovation underneath bitcoin: The consensus mechanism. Curious how bitcoins are created and why there’s a limit? Listen and find out. Duration: 36:46
12/22/2017
CFTC Talks EP023: CFTC Commissioner Brian Quintenz
This week on CFTC Talks, we bring on CFTC Commissioner Brian Quintenz to discuss his vision and priorities for the agency in 2018. Risk, technology and international harmonization, all on his agenda. goo.gl/3r9QU2 Duration: 19:30
12/15/2017
CFTC Talks EP022: Harvard Law Prof. Hal Scott
This week on CFTC Talks, we bring on Harvard Law Prof. Hal Scott, author of "Connectedness and Contagion." We cover the 2008 financial crisis, what happened and what regulation has done since. Has regulation made the US financial system safer and at what cost? What is the future direction for fin reg? We cover it all and what it was like to work at the Supreme Court when US v. Nixon was happening! Duration: 25:51
12/08/2017
CFTC Talks EP021: FERC Chairman Neil Chatterjee
This week on CFTC Talks, we bring on FERC Chairman Neil Chatterjee. We talk energy regulation, electricity grid, renewables and cyber security for key energy infrastructures in the United States. Duration: 25:06
12/06/2017
CFTC Talks EP020: Roundtable with CFTC leaders on Bitcoin
This week on CFTC Talks, we bring on a roundtable panel made up of CFTC leaders to discuss what Bitcoin is, what the self-certification process of new contracts on Bitcoin is, and what the CFTC role in regulating the new derivatives contracts is. Panelists include: LabCFTC’s Daniel Gorfine, DMO’s Amir Zaidi, DCR’s Brian Bussey and DSIO’s Matt Kulkin. All done in effort to help us understand the markets we watch, and commodities. Duration: 30:41
12/01/2017
CFTC Talks EP019: CEA Chairman Kevin Hassett
This week on CFTC Talks, we bring on Chairman of the Council of Economic Advisors, Kevin Hassett. We discuss what tax reform will do for economic growth, how regulatory reform will act to reduce business costs, and what will be the 2018 economic focus for the White House. Duration: 24:57
11/29/2017
CFTC Talks EP018: Barry Ritholtz, CIO and Chairman Ritholtz Wealth Management
#CFTCTalks has Bloomberg view contributor and blogger at The Big Picture, Barry Ritholtz, on to talk markets and big ideas, how ETFs are impacting volatility, who bailed out Apple, and why 2018 will be about wages. Duration: 35:57
11/24/2017
CFTC Talks EP017: Derek Scissors, AEI resident scholar on Chinese and Indian Economies
#CFTCTalks with @AEI Derek Scissors on US & #China trade and what to look for in 2018 from @USTradeRep on #NAFTA Duration: 27:10
11/17/2017
CFTC Talks EP016: Jack Ablin, Chief Investment Officer BMO Private Bank
#CFTCTalks has #BMO Private Bank’s Chief Investment Officer Jack Ablin. We covered a wide range of key market topics and what to anticipate in 2018. Low vol, #stocks #commodities & #Bitcoin all discussed. Duration: 25:10
11/10/2017
CFTC Talks EP015: Why a Government Podcast and Why It Matters
CFTC Talks is a new podcast for the agency. We’re going to cover all topics impacting the markets we regulate to help us better understand the market narrative, what’s driving the markets and what to expect in the future. In this first podcast, we cover what we’re going to do, how we’re going to do it and why we’re doing it. Check it out! Duration: 09:05
11/03/2017
CFTC Talks EP014: Daniel Gorfine, CFTC Chief Innovation Officer
#CFTCTalks we bring on Daniel Gorfine, CFTC’s Chief Innovation Officer. We cover #fintech virtual currencies, #Blockchain distributed ledger technology #DLT and #Smartcontracts. Duration: 29:52
10/27/2017
CFTC Talks EP013: Douglas Holtz-Eakin, President of American Action Forum
This week on CFTC Talks, we bring on President of the American Action Forum and former CBO Director Douglas Holtz-Eakin. We cover why tax reform matters, what are the key areas to watch, and when will it get produced. Mr. Holtz-Eakin also shares what it was like to be at the White House during the 9/11 attack and what they learned on how to re-start economic growth. Duration: 23:10