Podcasts about themis trading

Guy, Dan, and Danny discuss the BOJ (3:00), big tech earnings (8:00), energy/crude oil/gasoline on the rise (15:15), the Fed meeting (16:00), Carvana/AMC (20:00), PMI/deflationary risks (24:00), and important earnings reports to watch next week (30:00). The co-hosts interview Joe Saluzzi of Themis Trading and talk about high-frequency trading (39:00), the DTCC leakage (54:00), and MELO order type adding AI (1:03:00). 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. Check out our show notes here Learn more about Ro body: ro.co/tape See what adding futures can do for you at cmegroup.com/onthetape. Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We're on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

On the latest episode of Boxes + Lines, Ronan and JR welcome back Joe Saluzzi of Themis Trading. The group shares secrets to longevity that all founders can benefit from (staying relevant, for one!), as well as how to distill information for clients. They also discuss what goes into protecting client privacy, what changing tick sizes would mean for traders, and what would need to happen for institutional investors to get into crypto. Recorded October 05, 2022. 

The Federal Reserve is expected to announce an increase of up to one percentage point, according to some forecasts. What repercussions will this have in the US and abroad? We ask Joe Saluzzi of Themis Trading, in New Jersey. The Central Bank of Argentina has risen interest rates to 75% in an attempt to reduce rampant inflation. Carolina Millan, Bloomberg's bureau chief in Buenos Aires, tells us more. The Golden Globes are set to return to television screens in 2023 after being dropped by NBC last year due to a controversy over a lack of diversity among voters, among other things. We hear more from entertainment journalist KJ Matthews. A criminal investigation has been launched against the Governor of Florida, Ron De Santis, for sending nearly 50 Venezuelan migrants on flights from Texas to Massachusetts. Why did do that? We ask Politico's reporter in Florida, Gary Fineout. You may have heard of quiet-quitting or opting out of tasks beyond your assigned duties and becoming less invested in work. But are you familiar with quiet firing? Bonnie Dilber, recruiting manager at tech company Zapier, explains the concept. Ed Butler is joined throughout the programme by two guests on opposite sides of the world: Rhonda Vonshay Sharpe, founder and CEO of Wiser based in Virginia, and David Kuo, co-founder of The Smart Investor, in Singapore. (Picture: Federal Reserve Board Chairman Jerome Powell in Washington. Picture credit: Reuters)

Forecasters say the Federal Reserve may increase interest rates in the US by 0.75 or even 1 percentage point. We talk to Joe Saluzzi of Themis Trading in New Jersey. In Argentina, the Central Bank is trying to fight inflation with interest rates as high as 75%. Carolina Millan, a reporter with Bloomberg in Buenos Aires, tells us more. A Texas sheriff has opened a criminal investigation into whether dozens of asylum seekers were illegally flown from the state to Martha's Vineyard. We hear more from Luis Fajardo, from BBC Monitoring in Miami. New York is hosting the Climate Change Week, with business and political leaders from across the world gathering to take part. We talk to Dan Zarrilli, a professor of Climate studies at Columbia University.

The US President, Joe Biden, has launched a $280bn boost for America's technology and science industries. A new bill named CHIPS (Creating Helpful Incentives to Produce Semiconductors) is aimed at increasing domestic manufacturing, and upping the country's competitive edge against China. Professor David Yoffie from Harvard Business School joins us on the programme. We're in Ankara, where Hannah Smith reports on how EU diplomats are threatening Turkey with sanctions over its relationship with Russia. We also look at how economies on different sides of the world - Sri Lanka and Nigeria - are struggling to cope with global supply pressures. Joe Saluzzi from Themis Trading has the latest market news ahead of key inflation results in the US.

As more countries are rocked by worsening debt and supply shocks, economists are increasingly concerned about the effects of war and the pandemic on global stability. To discuss the International Monetary Fund's latest forecast, we are joined by Liliana Rojas Suarez from the Centre for Global Development. It's been a big week for tech earnings, with some surprising results. Brian Dorst from New Jersey-based Themis Trading gives us the latest analysis. Russia has pledged to withdraw from the International Space Station. But do they mean it? Space commerce expert Keith Cowing has some reservations. Also on the programme, Ticketmaster has defended a new system which has seen some fans pay more than five thousand dollars for Bruce Springsteen tickets. Former Billboard editorial director Bill Werde explains why this could spell a bleak future for live music fans.

For the first time in two decades, one Euro has slid to match the price of one US dollar. It's a sign of how Europe and America are diverging on policy in the face of difficult global trade conditions. But analysts say parity isn't necessarily good news for US companies. Joe Saluzzi from Themis Trading in New Jersey explains what it could mean for markets at home and abroad. With Sri Lanka's president due to resign, what legacy will his successor inherit? Geopolitical analyst Asanga Abeyagoonase joins us on the programme. Dr Marek Kubik from battery firm Fluence tells us why it's time Europe invested in energy storage. We speak to the Belgian schoolchildren who've designed a product to tackle the stigma around periods. Also, a sauce in short supply: restauranteur Didier Quemener explains why French cooks are taking Dijon mustard off the menu.

We hear from Alan Wolff, the former deputy directory-general of the World Trade Organisation about the deal on banning fishing subsidies - that has been achieved after more than 20 years of talks. After a tumultuous week we check in with the markets on Wall Street. Joe Saluzzi, Institutional partner at Themis Trading joins us. A BBC survey of more than 4 thousand adults in the UK shows people are cutting back on food and car journeys to save money. Nancy Marshall Genzer of our US partner programme Marketplace has been investigating how American Gen Zs are coping with the economic instability. Colombians go to the polls on Sunday in an election that commentators say will change the direction of the country - no matter who wins. Sergio Guzman, director of Colombia Risk Analysis, and Businessman Hernando Barreto give their views.

Oil giant BP booked bumper underlying profits despite a big loss on its exit from Russia. We explore whether oil firms are likely to face windfall taxes on their profits, after Italy increased such a tax, with Dr Sandy Hager, a political economist at City, University of London. Leaked documents in the US have suggested the Supreme Court could be heading towards revoking the historic Roe vs Wade judgement from the 1970s that legalised abortion in the country. Just prior to that news and the political outcry that's followed, Amazon has more quietly told staff it would contribute up to $4,000 in travel expenses for employees seeking to get abortions, as well as certain other treatments. The move will help workers in states like Texas where most abortions have now been illegalised. We hear from Anthony Johndrow, who advises businesses, including tech firms, on their social issue positioning. Plus the latest from Wall Street with Joe Saluzzi from Themis Trading.

Joe Saluzzi from Themis Trading in New Jersey analyses the latest news on the US economy. And in the first three months of 2022, Italy's economy contracted by 0.2%. Italian journalist Giada Zampano talks us through the latest data. US law enforcement officers have arrested Andrew Fahie, the premier of the British Virgin Islands, in Florida, on charges relating to drugs trafficking and money laundering. We find out more from Daniel Bruce, chief executive of Transparency International UK. Plus, the BBC's Rahul Tandon explores the removal of Disney's special status in Florida, following the company's criticism of the state's new law restricting discussion of LGBTQ issues in schools.

Russian company Gazprom says it will halt gas supplies to Poland and Bulgaria from Wednesday morning. Poland currently depends on Russian imports for around half of its gas. The country's deputy foreign minister Marcin Pzydacz tells us his government was already been prepared for this move. Plus, the World Bank's latest commodities report makes sobering reading, suggesting that high food and fuel prices could blight the global economy for years to come. We hear from its author, World Bank Senior Economist Peter Nagle. We take a look at what's been happening in the US markets with Joe Saluzzi from Themis Trading, after a difficult day for tech stocks. With Elon Musk poised to take over at Twitter, the European Union's Commissioner for the Internal Market Thierry Breton tells us that the firm will be welcome to operate in the EU under new management, providing it adheres to the bloc's rules. As Delta Air Lines reveals that cabin crew will be paid for boarding as well as flight time in a landmark announcement, the president of the Association of Flight Attendant Sara Nelson says unionisation efforts by airline staff forced the company's hand. And the BBC's North America Business Correspondent Samira Hussain reports from Michigan on Ford's iconic F-150 pickup getting a fully electric makeover.

The International Monetary Fund expects global economic growth to slow to 3.6% this year. The forecast shaves almost a percentage point of growth from its forecast from before the war in Ukraine, and we get analysis from the BBC's economics editor Faisal Islam. Also in the programme, as the streaming service Netflix announces its quarterly results, we ask entertainment journalist Caroline Frost what challenges the company is facing. And Joe Saluzzi of Themis Trading in New Jersey tells us how the day's trading was affected.

The European Union is proposing a new round of sanctions against Russia including a ban on coal imports and a ban on Russian ships entering European ports. German economist Jakob Schlandt tells us that Germany's heavy reliance on Russian energy remains a difficult issue for the EU. Japan has also stepped up sanctions against Russia; Noah Schneider, Tokyo bureau chief for The Economist gives us the details. Unrest is growing in Peru as both fuel and food prices are rising rapidly. The government has imposed a 22- hour curfew to contain protests; Marcelo Rochabrun is the Reuters correspondent in Lima and brings us the latest from the capital. And Joe Saluzzi of Themis Trading in New Jersey brings us up to date with today's movements on Wall Street.

Russia has said it will "drastically reduce combat operations" around Kyiv and the northern city of Chernihiv, during negotiations in Turkey. Financial markets reacted positively to the news, as Brian Dorst from Themis Trading in New Jersey explains. We'll also hear from President Biden's top official on sanctions, who says companies have a choice to make on whether they continue to do business in Russia. Also in the programme, the war in Ukraine is halting moves aimed at limiting the use of palm oil, which is a cause of deforestation in Asia. The price of one alternative, sunflower oil, has increased massively since the conflict began, and supermarket chain Iceland has reversed its pledge to remove palm oil from its own-label food. We find out more from Glenn Hurowitz of the Washington DC campaign group, Mighty Earth.Talks in Geneva to reverse the loss of nature and halt extinctions are in their final day. We'll hear from Patrick Greenfield, biodiversity reporter for the Guardian, on the details of the negotiations, and Dr Noelle Kumpel, head of policy for Birdlife International, about her thoughts on the progress. And we'll take a look at the new Australian budget. All through the show we'll be joined by Andres Franzetti, Chief Executive Officer at Risk Cooperative, in Washington DC, and Sinead Mangan, presenter of the ABC radio program ‘Australia Wide' in Perth. (Picture: Ukrainian troops near Kyiv on 28 March. Picture credit: Getty Images)

Western countries have placed further sanctions on Russia, after President Putin ordered troops into two breakaway regions of eastern Ukraine, after recognising their independence from Kyiv. The retaliatory moves include the UK blocking several Russian banks, and Germany suspending approval of the Nord Stream 2 gas pipeline. We hear what some of the key diplomatic players involved have been saying, and speak to Yaroslav Trofimov, Chief Foreign Affairs Correspondent at The Wall Street Journal down the line from the Ukrainian capital. Plus, where can European countries source natural gas if getting it from Russia is no longer an option? We hear from Bloomberg correspondent Simone Foxman, who has been at a meeting of the world's leading gas exporters in Qatar's capital Doha. Joe Saluzzi from Themis Trading in New Jersey tells us how the markets have reacted to rising tensions over Ukraine, while Shaistah Akhtar from British law firm Mishcon de Reya tells us how sanctions such as those imposed by the UK government on Tuesday will be felt in Russia. And after India stops short of criticising Moscow over Monday's escalation, we speak to SOAS international relations professor Avinash Paliwal about the commercial and military considerations that New Delhi is weighing as it formulates its response to the crisis.

The Ukrainian government has said its websites and banks have been hit by cyber attacks. Two state-owned banks, PrivatBank and Oschadbank, had been targeted by “massive” denial of service attacks and other failures which interrupted banking services. We hear from Reuven Aronashvili, Co-Founder of cybersecurity firm CYE. After three days of losses, the US markets kicked back upwards again thanks to what most investors saw as an easing of tensions on the Russia Ukraine borders. We hear from Joe Saluzzi of Themis Trading in New Jersey. Plus the biennial Singapore Airshow started this morning. Organisers are expecting fewer trade visitors due to Covid travel restrictions, and the event is not open to the public. But it is a chance for the world's biggest aerospace players to show off to a select audience the projects they've been working on. The BBC's Nick Marsh was there.

After a 90-year run at the top, GM slipped behind Toyota in terms of car sales in the US in 2021. Paul Eisenstein from TheDetroitBureau.com tells us what caused the swing. Plus, reaction to Theranos founder Elizabeth Holmes being found guilty on several counts of fraud. LA Times columnist Michael Hiltzik tells us why he thinks more investors will fall prey to deception in the future. As Apple briefly becomes the first publicly traded company to be valued at more than US$3 trillion, Wall Street Journal markets reporter Hardika Singh tells us why the tech giant is still going strong. Plus, Joe Saluzzi from Themis Trading gives us his take on today's movements in markets in the US.

Omicron is having an impact on the global workforce. To try and tackle the problem in the US, health authorities have halved the recommended isolation period for people who test positive for Covid-19, but don't exhibit symptoms. Joshua Hausman of the University of Michigan recently wrote an article for the Atlantic about the wider impact of the pandemic on workers in the US, and gives us his thoughts on how long the effect might last. Also in the show, we get a view on the day's trading on Wall Street from Joe Saluzzi of Themis Trading.

As new coronavirus measures are passed in England, including face masks and mandatory covid passes, we speak to the BBC's political correspondent, Rob Watson. Plus, Joe Saluzzi from Themis Trading in New Jersey brings us the latest news from the financial markets.

The Chairman of the US Federal Reserve, Jerome Powell, has said that the rise in Covid-19 cases and the emergence of the Omicron variant poses risks to employment and economic activity and increased uncertainty for inflation - we get analysis from Joe Saluzzi from Themis Trading in New Jersey. Plus, high street fashion giant Inditex has appointed the founder's daughter as its new chair. The firm owns brands including Zara and Massimo Dutti, and we find out what's behind the appointment of Marta Ortega from Dan Dombey of the Financial Times in Madrid. Also in the programme, authoritarian regimes are thought to be working closer than ever to keep each other afloat, with plenty of help from the West's financial system. We hear from Frank Vogl, who helped found the global anti-corruption organisation Transparency International. And we get wider context from the historian, journalist and author, Anne Applebaum. Plus, scientists have struggled for a long time to learn as much as they'd like about the world of infrasonic sound. These acoustic waves can travel a really long way but as they're below the range of human hearing you need to be able to place sensors where you can pick up various sources of infrasound. Now a team of research collaborators from the US, the UK, South Africa and the Netherlands has cracked it - use a seabird to do your recording for you. We hear from Olivier den Ouden at the Royal Netherlands Meteorological Institute.

The movers and shakers up and down the markets with Joe Saluzzi from Themis Trading.

Belarus's leader has threatened to cut off gas supplies to Europe if sanctions are imposed over an escalating migrant crisis at the country's border. Thousands of people are at the border with Poland, enduring freezing conditions in the hope of crossing into the European Union. We get analysis from James Waddell, senior global gas analyst at Energy Aspects. Plus, Brian Durst of Themis Trading in New Jersey on the day's trading on Wall Street.

The aircraft engine maker Rolls Royce has secured funding to develop small modular nuclear reactors, aimed at producing green electricity. Tom Samson is chief executive of Rolls Royce SMR and explains the background, while South African energy analyst Chris Yelland is sceptical. Plus, Joe Saluzzi of Themis Trading in New Jersey on the day's trading on Wall Street.

Joe Saluzzi of Themis Trading in New Jersey on rising energy prices. Plus, Colin Paterson is on the red carpet for the new James Bond film, which finally premieres in London, 2 years late.

The US sports betting company has made an offer reportedly worth $20 billion. We examine the significance of the offer with Alice Hancock, leisure industries reporter with the Financial Times. And Joe Saluzzi of Themis Trading in New Jersey brings us up to date with today's movements on Wall Street.

Inflation in the US is running at 5.3%, slightly down on July's year-on-year figure. Robert Reich is a Professor of Public Policy at the University of California Berkeley and a Secretary of Labour under President Clinton, and he talks us through the latest data. The plane maker Boeing says it expects that it will take another two and a half years for global aviation to return to pre-pandemic levels; we hear from its Chief Strategy Officer, Marc Allen. Plus Joe Saluzzi from Themis Trading brings us the latest from the financial markets.

Dan Cooper of tech site Engadget explains the significance of a new South Korean law requiring app stores such as those of Google and Apple to allow alternative payment methods. We get a look on the day's trading in New York from Joe Saluzzi of Themis Trading.

Hackers have stolen some $600m in one the largest cryptocurrency heists ever. Siddharth Venkataramakrishnan of the Financial Times explains what happened. After 50 hours of US congressional debate over some 2,700 pages, the $1tn infrastructure bill passed the 100-member Senate 69-30 on Tuesday, but that just means it will now be punted back to the House of Representatives. Joseph Saluzzi of Themis Trading in New Jersey, lays out how the money will be spent.

A Panama-flagged ship has been hijacked by armed men in the Gulf of Oman and ordered to sail to Iran. We get the latest from Richard Meade is the editor of of Lloyds List, the shipping intelligence service, who confirmed the incident. New York is to become the first city in the US to mandate proof of vaccination to allow people to enter indoor venues such as theatres, restaurants and gyms. We hear from Andrew Rigie is the executive director of the New York City Hospitality Alliance. Plus, the latest on Wall Street from Joe Saluzzi of Themis Trading in New Jersey.

New York's attorney general has reached a $1.1bn settlement with a number of pharmaceutical firms over their alleged role in the prescription opioid epidemic. We hear more from Carl Tobias, a Professor of Law at the University of Richmond. Plus, Joe Saluzzi from Themis Trading in New Jersey brings us the latest from the financial markets.

The annual rate of inflation is at its highest in the US since 2008, as the economy reopens after coronavirus lockdowns. We get analysis from Jason Furman, professor of the practice of economic policy at Harvard University and former adviser to the Obama Administration. And Joe Saluzzi of Themis Trading in New Jersey tells us how the markets reacted to the inflation data.

The cryptocurrency Bitcoin has fallen below $30,000 for the first time in five months, after China told its banks to stop supporting digital currency transactions. Winston Ma is the author of The Digital War: How China's Tech Power Shapes the Future of AI, Blockchain and Cyberspace, and brings us analysis. Also in the programme, Jason Berry of from the Mental Health Productivity Pilot, which helps employers to understand the link between productivity and mental health, tells us why Bumble's decision to give its employees a week off to 'destress' isn't necessarily a good idea. Plus Joe Saluzzi of Themis Trading in New Jersey brings us up to date with today's movements on Wall Street.

Hundreds of suspected criminals have been arrested after using an FBI-run messaging app. The joint operation with 16 law enforcement agencies worldwide was an effort to crack down on serious organised crime. Professor Robert Chesney, the Chair of The University of Texas's school of law, tells us how the sting operation worked. Plus Brian Dorst of Themis Trading brings us the latest news from the financial markets.

What's behind the rise in inflation across the US and Eurozone? We hear from Jason Furman, the Aetna Professor of Economic Policy at both Harvard Kennedy School and Harvard University. And Ebay has partially severed its ties to Paypal. The changes mean that while eBay buyers can still pay with PayPal, sellers will be paid straight into their bank accounts; we speak to Owen Thomas, senior editor at media company Protocol. And Joe Saluzzi from Themis Trading brings us the latest from the financial markets.

Amazon gets taken to task over anti-competitive behaviour, but will a single case in a single state really make any difference to the e-commerce giant? We hear from Cat Zakreski, technology policy reporter for the Washington Post. And the US State Department and the Centres for Disease Control have warned against people travelling to the Olympic Games as the country struggles to contain the pandemic but the International Olympic Committee insists the Games will go ahead. We hear from Jules Boykoff, a professor of Politics and Government at Pacific University, Oregon in the US; he's also a former soccer professional and researches the politics of the Games. Plus, Joz Saluzzi of Themis Trading in New Jersey brings us the latest news from the financial markets.

Shell shareholders have backed a plan to reduce carbon emissions to net zero by 2050. We ask Charlie Kronick of Greenpeace whether this goes far enough in tackling climate change targets. And Joe Saluzzi of Themis Trading in New Jersey brings us up to date on the day's movements on Wall Street.

The Vineyard Wind project off the coast of Massachusetts is intended to create enough electricity to power 400,000 homes in New England. Does this herald the dawn of a lower emission energy industry in the States? A question for Helen Zichal, CEO of the American Clean Power Association. And Joe Saluzzi of Themis Trading in New Jersey tells us about the day's trading on Wall Street.

Alphabet which owns Google and Youtube has released its latest quarterly results which show advertising revenue rising at an unexpectedly sharp pace as we hear from the New York Times' technology correspondent, Mike Isaac. And consumer confidence is up, according to The Conference Board, an independent research group; Kathy Bostjancic from Oxford Economics tells us why. Plus, Joe Saluzzi from Themis Trading in Jersey brings us a markets update.

Johnson & Johnson has decided to delay the rollout of its vaccine in Europe after authorities in the US raised fears over a possible link to blood clots. We speak to Krishna Udayakumar, a professor of medicine and director of the Duke Global Health Innovation Center in North Carolina. And we hear how US markets reacted to the news from Joe Saluzzi of Themis Trading in New Jersey. Plus, as drone racing is becoming increasingly popular, we speak to Nicholas Horbaczewski, founder of the professional Drone Racing League.

The rich are getting richer according to Forbes' latest billionaires list - we hear from Kerry Dolan, Assistant Managing Editor of Wealth at Forbes. Plus Joe Saluzzi from Themis Trading in New Jersey brings us a markets update.

Another financial lender has warned it could lose billions after a crisis at a US investment fund sent shockwaves through markets. Japan's Mitsubishi UFJ joins the banks Credit Suisse and Nomura in disclosing big potential losses in recent days.At the centre of this is the previously little-known company, Archegos Capital Management. Despite all the concern over what has been happening at Archegos and its creditors, the equity markets appear to be taking it all in their stride with the main indices little moved during the days trading. Jamie Robertson asks Joe Saluzzi at Themis Trading in New Jersey if there were problem that might not yet be visible beneath the surface.

Sixteen black families living in a suburb of Chicago are to be given twenty-five thousand dollars each, in the first reparation for housing discrimination ever carried out in the United States. The families live in Evanston – an area that has pledged to distribute ten million dollars over a decade. Robin Rue Simmons, the Alderman of Evanston’s Fifth Ward who led the campaign, discusses how this is just the beginning of a broader reparations movement for African Americans as restitution for centuries of slavery and discrimination.Today, Gamestop posted the 9th consecutive quarter sales loss. However its e-commerce sales jumped 175% in the last quarter. Joe Saluzzi of Themis Trading tells us why the company did not live up to expectations. Also in the programme, the BBC's Justin Rowlatt explores whether China is on the verge of taking a tougher stance against coal, both at home and abroad. Plus from Delhi, the BBC's Arunoday Mukharji reports on the rise of the electric motorbike.

France, Germany, Spain and Italy want further clarification before reinstating the jab, as the European Medicines Agency is expected to give its verdict tomorrow. We speak to Natasha Loder, health policy editor at The Economist. And we get an update from Joe Saluzzi from Themis Trading in New Jersey on the day's movements on Wall Street.

Guy, Dan and Danny discuss the inflation data we got this week (0:40), debt markets (8:21), bitcoin/crypto (20:35) and break down the Robinhood/GameStop frenzy in light of this week's hearing on Capitol Hill (31:09). The co-hosts interview Themis Trading's Joe Saluzzi and Sal Arnuk (36:14), looking at market structure and we dive deeper into this week's hearing.   Shoot us an email at contact@riskreversal.com with any feedback, questions, or suggestions going forward and follow us @OnTheTapePod.   Follow the co-hosts: Dan Nathan is @RiskReversal on Twitter and you can subscribe to his email list at RiskReversal.com. Follow @GuyAdami on Twitter. Follow Danny Moses @DMoses34 on Twitter.

As the Dow Jones records another high, we get analysis from Joe Saluzzi at Themis Trading in New Jersey.

Amazon founder Jeff Bezos is to step down as chief executive of the e-commerce giant that he started in his garage nearly 30 years ago. He will become executive chairman, a move he said would give him "time and energy" to focus on his other ventures. But what affect did his departure have on the markets? We hear from Joe Saluzzi at Themis Trading in New Jersey. Plus, Caroline Lucas, the UK's only Green Party MP gives her take on the theory of Natural Capital, which explores the idea of putting a price on natural resources.

PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today’s show, we discuss…. - Silver to the moon - XOM and CVX explored a merger - Question from our live chats Featured Guests: Joe Saluzzi, Partner and Co-Founder of Themis Trading - 33:15 Twitter: https://twitter.com/JoeSaluzzi Today’s show is sponsored by Market Structure Edge➡️ https://marketstructureedge.com ///////MORE STUFF TO CHECK OUT/////// Free stock market news: https://www.benzinga.com/ Live education at Benzinga Boot Camp: https://rb.gy/abuhzl Benzinga merch: https://rb.gy/3pyb0x For FASTER NEWS and IN-DEPTH market data, check out Benzinga Pro. Click the link to sign up for a free two-week trial https://pro.benzinga.com/?afmc=6c Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune in to the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today.

US markets are still digesting last week's attack on the US Capitol, as we hear from Joe Saluzzi of Themis Trading in New Jersey. Also in the programme, some of the world's biggest corporate names withdraw their support - and cash - from President Trump. We discuss what this means for the Donald's finances with Max Abelson of Bloomberg.

German authorities have extended strict lockdown measures to the end of January. We get reaction from a small business that will be affected. The BBC's Andrew Walker has the latest World Bank predictions for the world economy. And in the US, Joe Saluzzi from Themis Trading brings us the latest from the financial markets.

The US's considers further travel restrictions to stop coronavirus - we speak with journalist Jeremy Hobson in the US about the intricacies of how people in the US are feeling. And financial assistance on a national scale is still buoying US stock markets, as Joe Saluzzi from Themis Trading explains.

In a lawsuit filed on Tuesday, prosecutors said American retail giant Walmart filled hundreds of thousands of questionable prescriptions, "knowingly" violating vetting rules and fueling the country's opioid crisis. We get the latest from Wall Street Journal Justice Department reporter Sadie Gurman. Plus Joe Saluzzi of Themis Trading in New Jersey on the day's trading on Wall Street.

The European Union has unveiled details of sweeping new rules for technology giants, we get the details from Javier Espinoza, the Financial Times' correspondent in Brussels. Plus Joe Saluzzi from Themis Trading in New Jersey tells us how the financial markets fared today.

The proposal comes from a bipartisan group of senators for Covid-19 financial relief who hope to break the deadlock and allow Congress to come to an agreement about financial relief measures for US citizens. But there is doubt as to whether it will work, as we hear from Al Weaver, reporter at The Hill newspaper in Washington DC. We also get an update from Joe Saluzzi of Themis Trading in New Jersey on the day's movements on Wall Street.

President-elect Joe Biden has introduced the first people he has chosen for his cabinet, among them the first female director of national intelligence and the first Latino head of homeland security. We discuss how the appointments, if confirmed, are likely to be received, and what significance they hold for Biden's administration. The Dow Jones market index reached a record-breaking 30,000 points today. But how significant is that? We speak to Joe Saluzzi of Themis Trading in New Jersey. Our regular workplace commentator, Stephanie Hare, offers tips for people who are losing their job during the pandemic. Also in the programme, we hear how many musicians are receiving no income from streaming services, as guitarist Tom Gray, founder of the Broken Record campaign, explains. Sasha Twining is joined throughout the programme by Nicole Childers, executive producer of Marketplace on American public radio, who's in LA and by Mehmal Sarfraz, co-founder of The Current PK and writer for The Hindu newspaper, from Lahore. (Picture: Joe Biden. Credit: Getty Images)

President-elect Joe Biden has introduced the first people he has chosen for his cabinet. We run through who's been nominated, and hear how markets reacted to earlier news that Janet Yellen has been chosen to be the new administration's treasury secretary. The Dow Jones market index reached a record-breaking 30,000 points today. But how significant is that? We speak to Joe Saluzzi of Themis Trading in New Jersey. Also in the programme, we hear how many musicians are receiving no income from streaming services, as guitarist Tom Gray, founder of the Broken Record campaign, explains.

President-elect Joe Biden has vowed to defend the Affordable Care Act, the public health insurance scheme passed when he was vice-president, as the US Supreme Court considers a case attempting to strike down the law. MaryBeth Musumeci of the Kaiser Family Foundation in Washington, DC, explains why Obamacare is under threat. Plus, we get the latest market moves on Wall Street with Joe Saluzzi of Themis Trading in New Jersery.

Joe Biden says it is clear he is winning enough states to take the US presidency, despite key results still outstanding. We get the latest reaction from the markets with Joe Saluzzi of Themis Trading in New Jersey.

The Bank of England's chief economist Andy Haldane has said working from home risks stifling creativity and cuts people off from new experiences. But is this true? Mandy Gilbert, chief executive of Creative Niche in Toronto, explains how this might be happening. And we'll have a regular take on the day's trading in the US with Joe Saluzzi of Themis Trading.

The WTO says the US has given illegal subsidies to the aircraft maker Boeing; we hear from Edward Alden, a senior fellow at the Council on Foreign Relations. How will the news that Christiano Ronaldo has coronavirus, affect the world of football? We ask Kieran Maguire, Football finance expert at Liverpool University. Plus, Brian Dorst from Themis Trading in New Jersey brings us the latest from the financial markets.

In a few hours Donald Trump and Joe Biden will face each other in their first presidential debate. What, if any, difference will it make to the campaign? We hear from Peter Spiegel, the Financial Times Managing Editor in the US. And Brian Dorst of Themis Trading in New Jersey explains the potential impact on the markets.

Are politicians in Washington too preoccupied with a possible Supreme Court nomination to think about the need for a second stimulus package? We ask Joe Saluzzi of Themis Trading. Also, we consider how agricultural tariffs, imposed by President Trump in his trade battle with China, may have impacted the vote amongst American farmers in Florida in a report from journalist Heather van Blokland.

As company share prices bounce around, many investors on the stock market take the 'buy the dip' approach - buying company shares when they are low, in the belief that they will rise again soon. It seems to be working for the moment, as government financial stimulus could end up in the right place at the right time, says Joe Saluzzi of Themis Trading in New Jersey. Also, the United Nations warns on businesses ruining the biodiversity of the world. Finally, the World Trade Organisation calls the US's tariffs on China 'a breach' of international trade rules - but nobody can do anything about it for the moment, as the BBC's Samira Hussain in New York reports.

PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today’s show, we discuss…. - Introduction 04:30 - $GILD acquires $IMMU - $ORCL wins the TikTok sweepstakes - Tax stock talk - $NVDA Arm holdings - $NKLA responds to short report - $GME gets 2 upgrades - Ticker time $ATVI $EA $AAPL $SPOT $FDX $DPHC $SHLL Featured Guests: Joe Saluzzi, Themis Trading - 36:25 ///////MORE STUFF TO CHECK OUT/////// Free stock market news: https://www.benzinga.com/ Live education at Benzinga Boot Camp: https://rb.gy/abuhzl Benzinga merch: https://rb.gy/3pyb0x For FASTER NEWS and IN-DEPTH market data, check out Benzinga Pro. Click the link to sign up for a free two-week trial https://pro.benzinga.com/?afmc=6c Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune in to the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today.

We hear the latest markets news from Joe Saluzzi from Themis Trading in New Jersey and as President Trump travels to Wisconsin to visit the city of Kenosha - the latest focus of violent street clashes - we speak to Nick Collins, a businessman who's part of a group called Kenosha for Trump.

19,000 jobs at American Airlines could be at risk without US assistance for the airline. Plus, we hear about the day's losers and movers on the US stock market with Joe Saluzzi at Themis Trading in New Jersey.

The Standard & Poor's index soars as stock markets reacts to investor confidence, says stock expert Joe Saluzzi of Themis Trading in New Jersey. Plus, we speak with reporter Anne-Elisabeth Moutet about France's new rules to impose mask-wearing in offices. And we hear about why the world's biggest retailer, Walmart, has seen sales surge once again.

US investors react to Joe Biden choosing Kamala Harris as election running mate, plus Joe Saluzzi from Themis Trading tells us how things stacked up on the stock markets in the face of a potential Russian coronavirus vaccine

On today’s programme we take a look at the US jobs market, as the latest monthly figures are published, and New York Times reporter Emily Badger explains why the end of the federal enhanced unemployment benefit system disproportionately hits black Americans. We’ll also wrap up the week on the US markets with Joe Saluzzi of Themis Trading in New Jersey. And we'll hear from our sister programme Marketplace about how the coronavirus pandemic is shifting attitudes towards service robots.

A large blast in the Lebanese capital, Beirut, has killed at least 27 people and injured more than 2,500 others, the health minister says. The BBC's Hashem Shawish explains what we know about the explosion so far. Also in the programme, Argentina has struck a debt agreement with creditors, after agreeing the terms of a restructuring deal. Dr Juan Grigera, lecturer in Political Economy at Kings College London, explains the significance of the deal. Interpol have released a warning about cyber-crime during the coronavirus pandemic. And we'll have a regular look at the US markets with Jo Saluzzi of Themis Trading in New Jersey.

A study shows 1 in 4 people in India may have Covid 19 - we get the latest from India's viral epicentre: Dr Jerryl Banait is working with patients in the country. Plus, on the frontline of fakery, Imran Ahmed, CEO for the Centre for Countering Digital Hate, tells us why coronavirus misinformation is as viral online as it is in real life. We get the latest on the US stock markets with Joe Saluzzi of Themis Trading. Finally, we speak with Fela Kuti and Burna Boy on the increasing economic power in the Afrobeats music industry.

Virgin Atlantic has finalised a rescue deal worth £1.2bn and it says it should protect thousands of jobs threatened by the virtual collapse of air travel during the pandemic. We get more details from the BBC’s Theo Leggett. Plus, Joe Saluzzi from Themis Trading in New Jersey brings us the latest news from the financial markets.

The World Health Organisation has acknowledged "evidence emerging" of the airborne spread of coronavirus, after a group of scientists signed a letter urging the organisation to update its guidance on the disease’s transmission. One of the signatories, Joe Allen, an Assistant Professor of Exposure Assessment Science at Harvard University in the US, explains his concerns to Rob Young. Also in the programme, Deutsche Bank will pay a $150 million penalty to a New York regulator, mainly for failing to properly monitor its relationship with convicted sex offender Jeffrey Epstein, as Kadhim Shubber of the Financial Times explains. And we’ll get the view on the day’s trading on Wall Street, from Joe Saluzzi of Themis Trading.

President Donald Trump has signed an executive order introducing police reforms. It offers federal grants to improve police practices and comes amid anger over the killing of African Americans by police officers. Mr Trump said the police played an essential role in society, which must be protected and he said he would not support attempts to defund and dismantle police forces. However, activist and Yale University academic Philip McHarris tells us why he believes defunding the police is the way forward. Plus we get the latest from the US markets from Joe Saluzzi from Themis Trading.

The Royal Shakespeare Company has postponed its summer season of events and plays due to the coronavirus. Executive director Catherine Mallyon tells us how the decision will impact its theatres and staff. Plus Joe Saluzzi of Themis Trading in New Jersey tells us why some US stocks were up today.

The French government has announced an €8bn rescue plan for its car industry, which has been severely impacted by the coronavirus pandemic. President Emmanuel Macron's proposal includes €1bn to provide grants of up to €7,000 to encourage citizens to purchase electric vehicles. We hear more from Karl Brauer, Executive Publisher of Cox Automotive. Plus Joe Saluzzi at Themis Trading in New Jersey brings us the latest from the financial markets in the US.

Dr Anthony Fauci, the US's top infectious diseases adviser, told the senate it could have negative consequences for the US if the economy is opened up too soon. We get analysis from Kim Strassel from the Wall Street Journal. And Joe Saluzzi of Themis Trading in New Jersey brings us up to date on what's been happening on Wall Street. Also in the programme, we hear from the only continent which hasn't been affected by the coronavirus - Antarctica. Karin Jansdotter has been at a research base there for the past six months.

Sal and Joe of Themis Trading share with Ronan and JR why they speak their minds in public, the biggest problems in market structure, and their deep fear of windbreakers.

PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today's show we're discussing the tremendous weakness in Tuesday's after-hours session and what it means for today. Featured Guests: Joe Saluzzi, partner & co-founder of Themis Trading (29:00) Lisa Elconin, MD (and Joel's wife) (49:10) For FASTER NEWS and IN-DEPTH market data, check out Benzinga Pro. For a free two-week trial go to https://pro.benzinga.com/?afmc=6c Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune in to the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today.

PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today’s show, we discuss…. - Thursday's weakness in global markets - Earnings from BABA, TRIP, CSCO, SPWR, MGM and more - TSLA's common stock offering Featured Guest: Joe Saluzzi, Partner and Co-Founder, Themis Trading (32:20) For FASTER NEWS and IN-DEPTH market data, check out Benzinga Pro. For a free two-week trial go to https://pro.benzinga.com/?afmc=6c Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune in to the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today

PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today’s show, we discuss…. - Oil spikes and trade talks going well - ROKU gets a stake from Ken Griffin - The biggest analyst upgrades and downgrades Featured Guests: Joe Saluzzi, Co-Founder of Themis Trading (35:00) Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune in to the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today.

The US's largest retailer has announced it will stop selling guns and some ammunition. Also, dramatic twists and turns in UK politics, as members of Parliament choose to take control of Brexit from Prime Minister Boris Johnson - the BBC's Jessica Parker updates us on what it all means. And what does this do to stock markets and the pound? From the US, Mark Kepner at Themis Trading gives us a markets check-in.

PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today’s show, we discuss…. - The semiconductors rallying Wednesday morning - Another bad GME earnings report - Comparing QCOM and INTC Featured Guest: Joe Saluzzi, Partner and Co-Founder of Themis Trading (35:00) Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune into the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today.

A market update from Joe Saluzzi at Themis Trading in New Jersey

Argentinian Finance Minister Nicolas Dujovne is meeting IMF Chief Christine Lagarde in Washington DC today to request early release of a $50bn loan. We get the latest on Argentina's economic crisis from the BBC's Daniel Gallas in Buenos Aires. NFL fans in the US and beyond haven't seen Colin Kaepernick on the gridiron since he opted out of his contract with the San Francisco 49ers back in March 2017 over the Take A Knee protests. He is now one of the high-profile faces of Nike's new campaign to mark 30 years of its Just Do It campaign. Matt Powell is Vice President and Senior Industry Advisor for Sports at the global market research and information company NPD. Nike's stock fell on Tuesday - down 3.16% at close of trading. But Joe Saluzzi - Partner and Co-Founder of Themis Trading in New Jersey - says we shouldn't read too much into that. And World Health Organisation has a simple message for us this week -do more exercise. The WHO says that 1.4 billion of us are at risk of disease because of our lack of activity. Dr Fiona Bull is one of the author's of a new WHO report - and she spoke to us from Geneva about the scale of the problem.

Bitcoin Bandits Although most people speaking about Bitcoin or crypto currencies can't tell you what the significance of blockchain technology is, I've read stories about people quitting their jobs to become bitcoin traders because of what they perceive as the opportunity of a lifetime.  I remember the hubris during the dot.com boom very well. Regular Joes who had 9-5 type jobs were quitting their jobs and becoming day traders or SOES Bandits. Most eventually blew up. Some committed suicide or "went postal." They'd quit their jobs to become day traders and they used their 401k rollovers from the jobs they'd just quit to grubstake their trading account. You can read a good piece about SOES and the environment at Themis Trading.  If you are considering this, please think twice - it's hard enough to get a good job that you like in the first place. You can be a trader by night and "keep your day job" so to speak. Trading is difficult even in the best of times and when the markets turn for the worse - and they will turn - traders who have not had years of experience across various market cycles and no training to boot, will be left holding the bag.  Instead, learn to place your orders either the night before or the morning of the trading day. You can be sent alerts if your orders are filled at which point you can enter your protective stops. Although I don't do it myself, you can do much of this from a smartphone.  I'd recommend doing this for a year before you make a big leap employment-wise. Many newer traders have a hard time paying their bills because they are trying to pay for their expenses from their trading profits. When the profits dry up as they do for every trader at various times during the year and career, traders can become reckless and take unsound risks because their actual performance is not what they had forecasted. Hard to make money when you're trading with scared money. It's best that you keep your funds segregated: keep money for your bills in a savings/checking account and your trading corpus in your trading account. 

Robert Mugabe is due to be replaced by the man he sacked as Vice-President, Emmerson Mnangagwa. But he's not the only one who's got his eyes on the top job. Nkosana Moyo is a former Minister of Industry and he aims to run in the next elections as the candidate of the Alliance for People's Agenda. And, Joe Saluzzi, Co-Founder of Themis Trading in New Jersey, gives us an update on Wall Street.

Forget chart patterns and focus on price. Price is the only thing on Wall St. that will tell you truth.  Every chart pattern will be captured in the price and the values of price over time. You can hire a programmer to capture those price movements and design your own algorithm to enter and exit trades as well as the correct position size.  Chart patterns are supposedly created by plotting prices over time. Some believe that patterns repeat themselves. Some believe that history doesn't repeat itself in exactly the same manner.  Human beings are emotional beings, even if they run systems. Even the most grounded and mindful individual has to interpret the chart patterns to "make something out of it." Then they have to figure out where to put on the trade and where to exit. We are feeble at best and relying on subjective views is not the way of the future. Today, firms are spending tens of millions of dollars on AI and trading platforms to feed off of discretionary traders. It's job security to them. There will always been someone who thinks they can beat the market by trading things off the top of their heads. Everyone is against you these days. The exchanges, the Broker-Dealers, the trading platforms - they are all the enemy in this day and age. They are encouraging your to make transactions as if making frequent transactions is the key to trading success. It's not.  Your f*** you money is their Earnings per Share. They look at the quality of your money in a more material way than you do. Don't give it away by making amateur-like decisions.  Charting is becoming a thing of the past. You have to evolve now so that you'll be in position for the new market that will be in full force in the next two years.   Sal Arnuk of Themis Trading told me that there are over 2,000 algos and trading rules that are already set to beat you and induce you into sub-optimal and losing trades. That number is growing by the day.  In the next two years, AI-based trading platforms and exchanges will have a rule to trade against you that says "7 out of 10 times, this guy (you) put this trade on when we pushed the stock by x% in this particular chart pattern. Each time he was good for $0.50 per share to us - minimum was $0.20 and the max was a whopping $1.00 per share. Each time he does this we must trade against him because he is a high, expected value sucker for our setups." So what you think are trade set-ups and reliable chart patterns are really nothing more than trade bait to get you to give over your money.   

Mar. 1 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Joseph Saluzzi, the Co-Founder of Themis Trading LLC and co-author of "Broken Markets" with Sal Arnuk. They discuss high frequency trading. This interview aired on Bloomberg Radio.

In this edition, Cardiff Garcia talks with Sal Arnuk, co-head of Themis Trading, about high frequency trading and the fragmented trading infrastructure in the US. Among the topics covered are the regulatory and technological reasons for the dramatic changes of the last decade, high frequency traders' role in the flash crash and how they might contribute to another, and why academic support for HFT falls short. See acast.com/privacy for privacy and opt-out information.