Inside the ICE House

Michael Reinking, Senior Market Strategist at the NYSE, recaps a week where markets hit record highs amid shifting dynamics. A softer CPI print confirmed a Fed rate cut, while tech led gains on surging AI optimism and Nvidia crossing $5T in market cap. Earnings remained strong, driven by massive AI infrastructure investments from hyperscalers. Trade talks delivered a limited U.S.-China truce, easing some uncertainty but leaving tariff challenges ahead. The week ended with mixed reactions to the Fed’s cautious tone as investors look toward more earnings and key economic data next week.

Bryan Staff, Co-Founder and Managing Partner of Merchant Investment Management, joins Bilal Little to discuss how the firm is empowering advisors through independence, innovation, and scale. He explains how Merchant’s model enables wealth managers to create and manage their own ETFs, blending institutional capabilities with entrepreneurial flexibility. Staff highlights how technology, customization, and education are driving advisor adoption and transforming client engagement. He also shares how Merchant is bridging the gap between asset management and advisory services to deliver more personalized investment solutions.

Michael Evans, Group Sustainability Insights Manager at International Airlines Group (IAG) and ICE’s Adelfio Ronci discuss how airlines are preparing for the first phase of CORSIA.

Juan Carlos Arredondo, Director of Knowledge, Policy and Advocacy at Abatable and Member of Technical Advisory Body (TAB) for ICAO’s Council, joins ICE’s Adelfio Ronci to discuss the TAB process behind CEEUs.

Victoria Volossov, Policy Officer at the European Commission, and ICE’s Adelfio Ronci discuss what the EU is doing to lead the way in addressing rising carbon emissions in aviation.

BeZero Carbon’s Tommy Ricketts joins ICE’s Gordon Bennett to discuss how ratings offer a tool for airlines and operators to understand the spectrum of quality and build it into their decision making to make for a better market.

Natalia Dorfman, CEO and Co-Founder of Kita and ICE’s Gordon Bennett discuss increasingly seeing insurance coming into the carbon market as mandatory.

Guy Turner, Managing Director of Carbon Markets at MSCI and ICE’s Gordon Bennett discuss the pricing dynamics around CORSIA-eligible credits for Phase 1 and look ahead to pricing by 2035.

Lev Gantly, Partner at Philip Lee, sits down with ICE’s Adelfio Ronci. Following Article 6 rules + ICAO’s decision to confirm eligibility for phase 1, some countries are looking to regulate their standards - thus, supply and demand begin scaling.

Andurand Capital’s Mark Lewis joins ICE’s Gordon Bennett on ICE’s CORSIA podcast. Aviation is the fastest growing source of emissions globally, underscoring an urgent need for the sector to offset its emissions. CORSIA addresses that concern.

ICE’s Gordon Bennett and Adelfio Ronci explore why CORSIA - a global initiative that requires airlines to take financial responsibility for their emissions - could represent the sweet spot for international carbon pricing.

A podcast series brought to you by ICE and hosted by Gordon Bennett, Global Head of Environmental Markets at ICE, with a great lineup of guests, to take off into CORSIA - the first global sector-based carbon pricing program.

Snowflake is transforming how enterprises harness the power of data and AI through innovation, security, and collaboration. Christian Kleinerman, Executive Vice President of Product, joins Inside the ICE House to share how the company’s launch of Cortex AI for Financial Services is unlocking new levels of efficiency and insight for customers. He discusses how Snowflake’s open ecosystem, trusted governance, and deep partnerships with leaders like Microsoft, Anthropic, and OpenAI are shaping the future of the AI Data Cloud and redefining what’s possible for businesses worldwide

Eric Criscuolo, Market Strategist at the NYSE, recaps a week defined by a sharp momentum meltdown across high-beta and speculative assets. Meme stocks, crypto miners, and quantum computing names saw steep declines before rebounding on news of potential government investment. Precious metals like gold and silver also dropped from recent highs amid overbought conditions and macro uncertainty. Despite the volatility, major indices stabilized, supported by strong earnings and sector rotation into Energy, Healthcare, and Industrials. The week closed with optimism as markets regained footing and investors looked ahead to key economic data and trade developments.

ATM Media is redefining storytelling across advertising, technology, and media through authenticity and connection. Founder and CEO Robert Wheeler joins Inside the ICE House to share how ATM’s people-first approach gives brands a trusted platform to celebrate their culture and vision. He discusses how the company’s focus on high-quality, human-centered content is cutting through the clutter and transforming how stories are told in today’s digital landscape.

Behavioral Scientist and Author Jon Levy explores how trust, connection, and collaboration fuel high-performing teams in his new book Team Intelligence. He goes Inside the ICE House to share how organizations can unlock their collective potential by focusing on the dynamics that drive group success and how leaders can foster environments where innovation and trust thrive, even in high-pressure settings.

Workiva is reshaping how companies approach sustainability and financial transparency through innovation, integration, and trust. Mike Rost and Mandi McReynolds go Inside the ICE House to share how the company’s unified platform is empowering organizations to deliver investor-grade disclosures with confidence. They discuss Workiva’s transformation from a financial reporting tool to a multi-solution SaaS leader, and how AI, data integrity, and cross-functional collaboration are driving a more connected, transparent future.

Michael Reinking, Senior Market Strategist at the NYSE, recaps a volatile week as China’s new export controls and President Trump’s tariff threats triggered the biggest U.S. selloff since April. Markets and crypto plunged before rebounding on softer rhetoric from Washington and strong bank earnings kicking off the season. Fed Chair Powell’s signal of further rate cuts fueled a rally in cyclicals and financials. Regional banks later slid on fresh credit concerns. Reinking highlights China’s upcoming economic data, earnings acceleration, and ongoing shutdown talks as next week’s key drivers.

Consumer rewards are entering a new era as technology transforms how people connect with the brands they love. Fetch Founder and CEO Wes Schroll has led that evolution, turning everyday receipts into meaningful rewards for millions of users. He joins Inside the ICE House to share how Fetch is using AI to deepen brand relationships, personalize experiences, and empower consumers through data-driven insights. Schroll discusses the company’s growth from startup to category leader, highlighted by a new partnership with American Express that expands Fetch’s reach and value for users.

Maital Legum, Director of Exchange Traded Products at the New York Stock Exchange, joins Bilal Little to share insights from her 14-year career overseeing thousands of ETF launches. She discusses how the NYSE partners with issuers as both regulator and advisor, helping them navigate the complex operational and compliance landscape. Legum highlights the growing interest from traditional asset managers entering the ETF space and stresses the importance of early planning, strong partnerships, and distribution strategy.

Phil Rosen of Opening Bell Daily returns to Inside the ICE House to explain why markets remain resilient amid the government shutdown. With economic data on pause, he says investors are fueling an “everything rally” driven by strong earnings, AI optimism, and expectations of more Fed rate cuts. Despite bubble fears, Phil notes that record tech profits continue to justify valuations. He also highlights rising institutional demand for Bitcoin and sustained confidence in AI as key forces behind the market’s bullish momentum.

The Charlotte Hornets are redefining what it means to be a modern NBA franchise through innovation and fan-first strategy. Shelly Cayette-Weston, President of the Hornets, goes Inside the ICE House to share how the team’s jersey patch partnership with Judi Health reflects a deeper commitment to performance and innovation. She discusses how a strong draft class and renewed focus on engagement are energizing the fan base and elevating the brand.

Eric Criscuolo, Market Strategist at the NYSE, recaps a week of record-breaking gains across stocks and gold, driven by strong momentum and AI-fueled optimism. AMD led the charge after announcing a major partnership with OpenAI, while xAI’s reported $20B raise kept Nvidia in focus. Utilities and Tech outperformed, with Real Estate and Materials trailing amid rising yields and geopolitical pressure. Strong AI demand and investor enthusiasm continued to lift markets.

Pete Stavros returns to Inside the ICE House three years after his first appearance, as Ownership Works enters its fourth year of driving inclusive capitalism. The initiative has scaled across industries, giving employees a stake in the success they help create. Stavros reflects on the journey, the rise of empathy gyms, and the cultural shift underway.

In September, Inside the ICE House aired ten new episodes, four traditional episodes, the new Biotech series, Markets in focus with Opening Bell Daily’s Phil Rosen and Inside the ICE House breakfast on the balcony. Biotech Series Episode 1: Alto Neuroscience CEO Dr. Amit Etkin on the Next Chapter in Mental Health Biotech Series Episode 2: Eli Lilly Chief AI Officer Thomas Fuchs on AI's Power to Transform Pharmaceuticals Biotech Series Episode 3: Nimbus CEO Abbas Kazimi on Leading the Future of Precision Therapeutics Biotech Series Episode 4: Enveda CEO Viswa Colluru on the Mission to Decode Nature's Pharmacy Episode 484: ESPN Chairman Jimmy Pitaro on Streaming, Sports Rights, and the Future of Fandom Markets in Focus: Fed Cuts, Labor Market Risks, and Investor Resilience On the Balcony: Founding, Funding, and Investing in the Future with M13's Carter Reum Episode 485: BBDO Worldwide Chairman Andrew Robertson on Shaping the "Creative Shift" Episode 486: VISA's Mathieu Altwegg on Redefining Shopping in an AI-Driven World Episode 487: LexisNexis Risk Solutions' Bill Madison on Data, Decisions, and Smarter Insurance

Eric Criscuolo, Market Strategist at the NYSE, recaps a strong start to Q4 as tech and small caps led gains. A government shutdown delayed key data, but private reports showed labor market weakness. M&A activity surged, with major deals across sectors. Healthcare outperformed on Pfizer news, while energy and financials lagged. Criscuolo flags CPI, FOMC minutes, and OPEC’s meeting as next week’s key drivers.

Joyee Yang, financial educator and content creator with over 300,000 followers, joins Bilal Little at the NYSE to share her path from discovering dividend stocks at 19 to championing ETFs for diversification and risk management. She explains how YouTube and peer creators shaped her financial literacy and why she emphasizes transparency, dollar cost averaging, and long-term investing. Today, Yang is focused on simplifying finance and empowering Gen Z to build sustainable wealth with confidence.

Data is redefining how insurers assess risk, price policies, and serve customers, ushering in a new era of smarter insurance. Bill Madison, CEO of LexisNexis Risk Solutions Insurance, has spent four decades at the forefront of this transformation. He goes Inside the ICE House to share how data and AI are streamlining processes, enhancing transparency, and improving outcomes for both carriers and policyholders.

Eric Criscuolo, Market Strategist at the NYSE, recaps a week where stocks retreated from record highs after triple-witching and Fed Chair Powell’s valuation comments. Energy outperformed on rising oil, while tech and small caps lagged. Stronger economic data tempered Fed cut expectations. Criscuolo highlights jobs reports, ISM data, and a potential government shutdown as next week’s key drivers.

Artificial intelligence is reshaping the way consumers discover, select, and purchase products, ushering in a new era of Intelligent Commerce. Mathieu Altwegg, Visa’s Head of Product & Solutions for Europe, is at the forefront of this transformation. He goes Inside the ICE House to explore how Visa is partnering with leading tech companies to securely integrate these agents into the payment ecosystem.

Creativity is undergoing a transformation as data, technology, and shifting consumer expectations reshape how ideas are formed and shared. With decades of leadership at BBDO Worldwide, Andrew Robertson explores this evolution in his new book, "The Creative Shift". He goes Inside the ICE House to discuss how organizations can unlock innovation, foster emotional storytelling, and adapt to a rapidly changing creative economy.

Michael Reinking, Senior Market Strategist at the NYSE, recaps a week where the Fed cut rates 25 basis points, lifting markets to record highs. U.S.-China talks, including a framework for a TikTok deal, eased tensions and supported global indices. Strong retail sales added momentum, though not inflation adjusted. Small caps outperformed following the Fed’s move. Reinking flags the Trump-Xi call, triple-witching, and PMI and PCE data as next week’s key drivers.

Venture capital is evolving as founder become funders, bringing firsthand experience to the investment table. M13 co-founder Carter Reum has helped shape this shift by backing bold ideas and building platforms that support entrepreneurs from seed to scale. He joins Inside the ICE House for breakfast on the balcony above the NYSE trading floor to share his journey from founder to VC leader, the changing dynamics of venture capital, and how he and his team identify the next generation of game-changing companies.

Matt McLennan, Co-Head of Global Value Investing at First Eagle Investments, joins Bilal Little, Director of Exchange Traded Products at the NYSE, to share his path from Australia and Goldman Sachs to leading one of the industry’s most respected value teams. He discusses First Eagle’s philosophy of resilient wealth creation, with an emphasis on capital preservation, scarcity-driven opportunities, and real assets. McLennan also explores today’s challenging macro backdrop of inflation, debt, and geopolitical risk, and why gold remains a critical hedge.

Phil Rosen of Opening Bell Daily returns to Inside the ICE House to break down the Fed’s expected rate cut and its broader economic impact. He highlights a 911,000-job downward revision as a warning sign for the labor market and explains why Powell’s messaging will be closely watched. Despite soft jobs data, Phil points to strong earnings and AI momentum as key supports for markets. Looking ahead, he cautions that while rate cuts may offer short-term relief, stabilizing the labor market remains the bigger challenge.

The sports media industry is transforming as fans shift to streaming, personalization, and on-demand access. With a vast portfolio of rights, technology, and storytelling, ESPN is redefining how audiences experience live sports and highlights across every screen. Jimmy Pitaro, ESPN's Chairman, goes Inside the ICE House to discuss its direct-to-consumer future, expanded partnerships with the NFL and WWE, and how the network is positioning itself to remain the front door for sports fans in a rapidly changing media landscape.

Eric Criscuolo, Market Strategist at the NYSE, recaps a week of mixed equity performance, with AI and semiconductor stocks leading while Apple lagged. Labor data revisions and rising jobless claims signaled a softer job market, raising Fed policy questions. Inflation data was mixed, with PPI cooling but CPI still elevated. Commodities saw a major copper merger and modest oil gains. Criscuolo flags next week’s Fed decision and Powell’s press conference as key market drivers.

Enveda Biosciences is using AI to decode nature’s vast chemical library and transform it into breakthrough medicines. Founded in 2019 by Viswa Colluru, the company is advancing first-in-class therapies like ENV-294 while cutting the time and cost of drug discovery. Colluru joins Inside the ICE House to share how Enveda is reimagining the playbook for modern medicine and building a healthier future for patients worldwide.

Nimbus Therapeutics is transforming drug discovery with computational chemistry and AI to design small molecules that precisely target disease. CEO Abbas Kazimi, who took the helm in March, is driving a “fail fast” approach that balances discipline with innovation. He joins Inside the ICE House to share how Nimbus is scaling its pipeline and shaping the future of precision medicine.

Michael Reinking, Senior Market Strategist for the NYSE, recaps a choppy week driven by tariff uncertainty, tech earnings misses, and focus on the upcoming jobs report. He notes August ended strong for small and mid-caps, but September’s seasonal weakness and rising global yields remain risks. Labor data showed slower hiring and AI-linked layoffs, though productivity gains offered a bright spot. Reinking flags the jobs report, expected Fed rate cuts, and inflation data as key drivers ahead.

AI is revolutionizing pharmaceuticals, moving from a side tool to a core driver of many aspects of the industry. Eli Lilly is leading the way, appointing Thomas Fuchs as its first Chief AI Officer to integrate AI across its pipeline. A NASA and Mount Sinai veteran, Fuchs is turning Lilly’s data into a competitive edge. He joins Inside the ICE House to share how Lilly is building the AI-powered medicine company of the future.

Alex Zweber, Portfolio Manager and Strategist at Parametric under Morgan Stanley Investment Management, joins Bilal Little, Director of Exchange Traded Products at the NYSE, to share his journey from derivatives trading to leading Parametrics' liquid alternatives team. He discusses the explosive growth of ETFs for income, protection, and growth, and how Parametric is bringing decades of institutional expertise into the ETF wrapper.

The future of mental health is being transformed, moving beyond trial-and-error treatments to science-driven precision. Breakthroughs in neuroscience, AI, and precision medicine are mapping the brain’s unique biological signatures, creating pathways for personalized care. Alto Neuroscience is at the forefront, using brain biomarkers and AI to match patients with the right therapies—fast. Founded in 2019 by Dr. Amit Etkin, the company is rewriting the rules of mental health treatment. He goes Inside the ICE house to explain how Alto is turning guesswork into guided science and offering hope where it once felt out of reach.

In August, Inside the ICE House aired five new episodes, four traditional Inside the ICE House episodes, and one episode that kicked off a new, monthly series. Episode 480: Elanco CEO Jeff Simmons on Protecting Our Pets & Advancing Animal Health Episode 481: Edwards Lifesciences CEO Bernard Zovighian on Engineering Hope & Pioneering Purpose August Markets in Focus: Inside the ICE House x Opening Bell Daily Episode 482: Houlihan Lokey CEO Scott Adelson on Markets, M&A, and Building a Global Powerhouse Episode 483: W&T Offshore CEO Tracy Krohn on Steering Oil and Gas Exploration Through Industry Transformation

Michael Reinking, Senior Market Strategist for the NYSE, recaps a busy week following Fed Chair Powell’s dovish Jackson Hole remarks, which fueled a market rally and left the door open for a September rate cut. He highlights political drama around Fed independence, the U.S. taking stakes in Intel and MP Materials, and Nvidia’s strong earnings that lifted the AI sector. Reinking notes the S&P 500 hitting record highs with solid August gains, while warning that September brings labor data, inflation reports, and Fed policy decisions into sharper focus.

Artificial intelligence is reshaping industries by unlocking insights hidden within massive amounts of unstructured data. With powerful tools like vector databases and enterprise platforms, AI is driving breakthroughs across healthcare, finance, and entertainment. Pinecone founder Edo Liberty and HumanX founder Stefan Weitz have been at the forefront of this transformation. They join the Inside the ICE House podcast for breakfast on the balcony above the NYSE trading floor to share their journeys, explore the problems they’re solving, and discuss how AI is accelerating innovation and redefining the future.

The offshore oil and gas industry fuels progress by unlocking hidden energy reserves deep beneath the ocean’s surface. With advanced technology, it thrives in some of the world’s harshest environments to power industries, transportation, and daily life. W&T Offshore has been a leader in this space for more than four decades. Tracy Krohn, who founded the company in 1983 and still leads it to this day, goes Inside the ICE House to discuss W&T Offshore’s journey, its focus on efficiency, sustainability, and safety, and the future of offshore energy.

Eric Criscuolo, Market Strategist for the NYSE, breaks down a week dominated by anticipation for Fed Chair Powell’s Jackson Hole speech. He highlights muted market action early in the week, followed by a sharp rotation out of mega-cap tech, AI, and crypto-related equities into lagging sectors. He notes that FOMC minutes showed broad support for holding rates steady, though market odds of a September cut remain elevated after controversial jobs data. Retail earnings, including Walmart, underscored ongoing consumer pressures but failed to shift the broader narrative. Looking ahead, Powell’s speech, July PCE inflation data, and Nvidia’s earnings will be the key catalysts driving markets into September.

Sal Gilbertie, CEO of Teucrium Trading, joins Bilal Little, Director of Exchange Traded Products at the NYSE.

The M&A landscape has rebounded in 2025, driven by stable interest rates, improved market conditions, and rising CEO confidence. Strategic buyers are fueling the surge, targeting deals that boost growth, expand capabilities, and enhance competitive positioning. Houlihan Lokey has emerged as the global leader in M&A volume. Just over a year into his role, CEO Scott Adelson is proving that steady leadership and deep institutional expertise drive results. He goes Inside the ICE House to detail how, under his guidance, the firm is expanding globally, strengthening industry verticals, and sharpening its focus on long-term value creation.