Speaker 1:

From the New York Stock Exchange at the corner of Wall and Broad Streets in New York City, welcome, Inside the ICE House. Our podcast from Intercontinental Exchange is your go to for the latest on markets, leadership, vision, and business.

For over 230 years, the NYSE has been the beating heart of global growth. Each week, we bring you inspiring stories of innovators, job creators, and the movers and shakers of capitalism, here at the NYSE and ICE's Exchanges around the world. Now, let's go inside the ICE House. Here's your host, Lance Glinn.

Lance Glinn:

Each month on the Inside the ICE House podcast, we engage in insightful conversations with business leaders, CEOs of NYSE listed companies, entrepreneurs, and visionaries. We explore their journeys, the challenges they've overcome, and their aspirations to shape the future.

You can tune in every week on all major podcast platforms to catch these discussions, and watch full video episodes on tv.nyse.com and on the NYSE YouTube channel.

We kicked off the month with episode 515 and Matt Brown, president of PR Newswire. PR Newswire is expanding how companies share news on the world's biggest stage. Matt Brown was inside the ICE House to explain the partnership between PRN and the NYSE, and how the company is enhancing visibility for issuers.

Matt Brown:

I think that's partnership is really understanding what your partner is trying to accomplish, having very honest conversations about what both sides can and can't do, want to do, and what not to do, and then building a thing together. And again, the fact that... I mean, listen, I'll be honest, it's Friday right now as we're recording. I've been in the NYC three of the five days this week, meeting with probably six or seven different teams here.

And not just me, but a lot of members of the PR Newswire team have been along with me, meeting with the people that they partner with. And to me, that is what a big strategic global partnership looks like, and that's how you build an ecosystem, is really having honest conversations about what everybody is trying to accomplish, and then going out and moving very quickly in a concerted way to build, deliver, but not losing sight of what the next thing is, what the bigger thing is you're trying to do together.

Lance Glinn:

Episode 516 featured Rick Thornberry, CEO of NYC listed Radiant and Richard Watson, CEO of Inigo. With the acquisition of Inigo, Radiant is marking a pivotal step toward becoming a diversified global insurer. Rick and Richard go inside the ICE House to discuss the strategy behind the deal and how it accelerates Radian's entry into specialty insurance markets.

Rick Thornberry:

After meeting so many different companies coming along, Richard and the Indigo team, we felt this not only chemistry, but we felt a cultural fit. The financial size of the transaction fit well. We were able to do it within our own means. So as we look forward and we think about the combination of company, Richard and I just did a town hall on Monday, upon the closing of this transaction. And we talked all about the excitement it creates for all employees, for our customers, our investors, the opportunity to put these two companies together, kind of with almost no overlap, but with complete diversification from an insurance point of view.

So we're excited about it. It's a huge step forward. And again, the way we were able to construct it from a financial point of view, put us in a situation where it becomes immediately accretive, both from an earnings point of view and an ROE perspective.

Sure. So strategically it's a fit. Financially, it's a fit. Culturally, it's a fit.

Lance Glinn:

Lifestyle icon Martha Stewart joined episode 517. As chief gardening officer of NYSE listed Scott's Miracle Grow, Martha goes inside the ICE House to talk organic gardening, the new Martha Collective, her friendship with Snoop Dogg, and why growing things never goes out of style.

Martha Stewart:

Everybody wants to be a gardener. Every one of my friends, even the ones who are the nerdiest office, they sit in the office all day long, the nerdiest people, they like to garden. And I think, just watching something grow, nurturing something, taking care of something that is so unargumentative as a plant, is a very good thing. And when I see that, I know that we're in the right business. Scott's is right there in the forefront of helping people grow beautiful things.

Lance Glinn:

Phil Rosen joined us for our monthly Markets in Focus series. In it, he unpacks energy's surge as AI growth and the Middle East tensions fuel a double catalyst rally. He also outlines why investors view the sector as both a momentum play and a hedge in a volatile market.

Phil Rosen:

It was only a few months ago that we were expecting multiple rate cuts to start the year. And that narrative has kind of gone out the window at this point.

The Iran conflict is an inflation threat, I would say. If oil prices go up and they stay up, gas prices go up, consumers get hurt, inflation could rise. And all of those variables are something that the Fed is going to look at and say, "Hey, we can't really cut interest rates right now, because it doesn't make sense if inflation is suddenly, the boogeyman that's back."

If the conflict ends very abruptly and suddenly the oil shock or the threat of an oil shock is gone, maybe the Fed says, "Okay, look, we can continue to focus on the labor market. The job market has been weakening." All of that could convince the Fed to say, "Look, if we just pay attention to the labor market, it has weakened to the point where we should be lowering rates to sort of loosen things up, and sort of rejuvenate hiring and the economy." I would say it's close to a coin toss at this point, and much of it hinges on how long the Middle East conflict will continue.

Lance Glinn:

Episode 518, welcome Cyera co-founder and CEO Yotom Segev. Cyera is accelerating its mission to secure enterprise data in the age of AI. Yo Tom goes inside the ICE House to discuss the company's 400 million series F funding and how Cyera plans to invest in building a unified platform that connects AI, identity, and data security.

Yotam Segev:

Such a core part of the Cyera learning culture is the ability to understand where did we go wrong? What could we have done better as a team and as individuals? And that is always present. No matter how good things are, no matter how good things went, what can we learn? What could we have improved? How can we do better next time?

And I think that that attitude that permeates, I hope for Miriam and my co-founders personally, all the way across the organization, enables people to lean in, take chances, experiment, do things that they're not sure are going to work, but they might. And if they will, it's going to be amazing. So you have to create a culture, you have to create a place where people really feel like they have the place to do that. And for us, I think failure is one of the biggest catalysts for growth and progress.

Lance Glinn:

Jon Taffer, executive producer and host of Bar Rescue joins episode 519. He goes inside the ICE House to mark the show's 10th season and reflect on how a simple pilot became a life-changing mission, saving bars and those that they employ.

Jon Taffer:

I look at a business as every failing business is a failing owner. And for many of these people, even if I built them to Taj Mahal, if I don't change what they do, they're going to fail. So it starts with them and it ends with them.

It's a challenge. Why are they failing? Why do they walk past that field? Why do their employees disrespect them? People look at the bar and they say, "The bar is failing. The bar is dirty. That's why you're failing." No. I say, "You let the bar be dirty. That's why you're failing." Say, "Everything is on the owner to me."

So I almost walk past the bar and sort of go right to them. Why are you allowing this? Why are you disappointing your wife this way? Why are you disappointing your children this way? Your house is on the line, man. You've blown your parents' retirement. So that's the challenging part is if I can't change their behavior, I can't help them.

Lance Glinn:

On episode 520, we were joined by Jonathan Greenblatt, CEO of the Anti-Defamation League. He goes inside the ICE House to explore how ADL is tackling the rising and shifting threat of antisemitism and the impact of the recently launched TOV ETF on NYSE Arca.

Jonathan Greenblatt:

ADL has a great deal of reach. We have 24 offices across America, six additional satellite offices that are actually doing the work every day in these communities. I mean, ADL as an entity has sort of three lines of business. We protect, we advocate, and we educate.

So under protect, we track and respond to antisemitism, tens of thousands of reports every year, unfortunately. We monitor and disrupt extremists watching offline activity, online activity, and trying to work with law enforcement to avert crimes before they happen. And we train. We're the largest trainer of law enforcement in the United States on extremism and hate.

So there's a lot of engagement we're doing every single day to keep communities safe. And then, of course on the education side, we're deeply involved. We're one of the largest providers in America of anti-hate content in school.

Lance Glinn:

Closing out the month of February with episode 521, we were joined by Megan Tanel, president and CEO of the Association of Equipment Manufacturers. With CONEXPO 2026 as the backdrop, Megan goes Inside the ICE House to discuss the organization's role as an advocate for the industry and how it is helping construct the next generation.

Megan Tanel:

We are this little association based in Milwaukee, Wisconsin, but our reach is pretty far. While we are North America based, we have the US, Canada, and Mexico. Our membership is a global membership, and everything we do is for the industry and by the industry.

So an event like this, CONEXPO-CON/AGG, is actually organized and run in collaboration with our members and with their customers. Really important to us, whether it's with this event or you had mentioned advocacy, is that we work industry-wide. So we have great partners with other associations that might represent the materials used in construction, or the contractors that are doing the work. And collaboratively, we sit on these management committees and these committees to help drive the direction of the show, set the goals, set the vision, and then it's AEM's job to really make it all come to life.

Lance Glinn:

You can listen to these episodes along with all past and future Inside the ICE House episodes wherever you get your podcasts. Remember that we also have ETF Central podcast episodes that release every two weeks on Wednesdays and the Market Story Lens podcast that releases every Friday. Full video episodes of all our podcasts are also available on tv.nyc.com and on the NYSE YouTube channel.

Be sure to join us every week for conversations with leaders, entrepreneurs, and visionaries. Thanks for listening.

Speaker 1:

That's our conversation for this week. Remember to rate, review, and subscribe wherever you listen, and follow us on X at IcehousePodcast. From the New York Stock Exchange, we'll talk to you again next week inside The ICE House.

Information contained in this podcast was obtained in part from publicly available sources and not independently verified. Neither ICE nor its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the information and do not sponsor, approve, or endorse any of the content herein, all of which is presented solely for informational and educational purposes.

Nothing herein constitutes an offer to sell, a solicitation of an offer to buy any security, or a recommendation of any security or trading practice. Some portions of the proceeding conversation may have been edited for the purpose of length or clarity.