Inside the ICE House

Long before fiber optics and wireless networks, bursts of compressed air kept Wall Street moving. NYSE curator Dave D’Onofrio goes Inside the ICE House with archivist Anna Melo and urban historian Michelle Young to uncover the Exchange’s little‑known pneumatic tube system—an engineering marvel that powered communication for decades. They trace how these whooshing cylinders carried orders, quotes, and messages through a sprawling underground network that linked traders, clerks, and floors in real time.

Abacus Global Management is entering a new chapter with its move to the New York Stock Exchange under the ticker ABX. Chairman and CEO Jay Jackson goes Inside the ICE House to unpack the strategy behind the listing and rebrand, and how Abacus’ data-driven, vertically integrated model sets it apart. He also shares how proprietary data and technology are positioning the firm for its next phase of growth.

Michael Reinking, Senior Market Strategist at the NYSE, recaps a volatile week marked by Fed uncertainty and sharp unwinds in speculative trades. Kevin Warsh’s nomination for Fed Chair helped trigger reversals in precious metals and added to broader market turbulence. Crypto and high‑momentum themes sold off, while software stocks faced a “SAAS‑Pocalypse” amid new AI‑driven disruption concerns. Still, major indices held relatively steady with pockets of strength in small and mid‑caps. Attention now shifts to retail sales, the delayed jobs report, and CPI.

Dave LaValle, President of CoinDesk Data and Indices, joins Bilal Little to discuss how digital assets are reshaping the market for index-based solutions. Drawing on his background in traditional finance, LaValle explains why crypto offers a unique chance to build benchmark infrastructure from the ground up. He highlights the rising demand for regulated, transparent crypto indices, the role of regulatory clarity in driving adoption, and the growing network of distribution partners bringing these products to market.

Marsh is embarking on a major transformation as it unifies its businesses under a single global brand, marking a new era for the 150-year-old firm. Paul Beswick, Chief Information and Operations Officer, goes Inside the ICE House to unpack the strategy behind the rebrand and how it reflects Marsh’s ambition to deliver more integrated, client-centric solutions. He also shares how operational excellence and AI are reshaping the firm’s ability to innovate, scale, and stay ahead in a rapidly evolving risk landscape.

Eric Criscuolo, NYSE Market Strategist, highlights a week where mega cap tech snapped back into leadership after small caps’ strong run faded. A quiet Fed meeting kept rates steady and shifted attention to earnings, where Meta and IBM surged on AI strength while Microsoft slumped on lofty expectations. Travel, leisure, and select industrial names outperformed as software and healthcare lagged. Metals stole the spotlight with extreme volatility, led by gold’s dramatic intraday swing, while crypto struggled to gain traction. With a busy earnings slate and key labor data ahead, markets move into next week with momentum reshuffling once again.

In January, Inside the ICE House aired six new episodes, our traditional episodes, Markets in Focus series, and the first episode of our history series. Episode 507: Blackstone President Jon Gray on Scaling Culture, Investing Capital, and Avoiding Noise Episode 508: Chipotle CEO Scott Boatwright on 4,000 Restaurants and Keeping Customers Craving More Episode 509: Orla Mining CEO Jason Simpson on Mining Smarter, Scaling Faster, and the Future of Gold Markets in Focus: GDP Strength vs. Job Slowdown, AI Acceleration, Bullish Setup for 2026 Episode 510: Cigna President Brian Evanko on Healthcare Affordability, Pharmacy Benefits, and Patient Care History Series: Trailblazing Women Who Transformed Finance and Created a New Wall Street

Women have long shaped Wall Street—even when history tried to write them out. NYSE curator Anna Melo goes Inside the ICE House with archivist Dave D’Onofrio and author Michelle Young to spotlight the trailblazing women who broke barriers in finance, from the 1800s through the 20th century. They explore unforgettable figures like Victoria Woodhull, Hetty Green, Isabel Benham, and Muriel Siebert, whose grit and innovation redefined what was possible on Wall Street. Together, they reveal how these female-firsts helped transform the culture, practices, and leadership of global finance.

Cigna is reshaping the healthcare system by tackling affordability through innovation, transparency, and patient-first solutions. President and COO Brian Evanko goes Inside the ICE House to discuss the forces driving higher healthcare costs, from demographic shifts to drug pricing, and how Cigna is working to realign incentives across the system. He also explains how data, AI, and pharmacy benefit reform are positioning the company to deliver better outcomes as healthcare enters its next phase of change.

Michael Reinking breaks down a volatile week marked by tariff headlines, rising global yields, and a sharp tech‑led selloff that quickly reversed. Early weakness gave way to a rebound as shifting rhetoric on Greenland and tariffs helped small and mid caps hit new highs. Macro uncertainty persisted with delayed Supreme Court action, ongoing Fed Chair speculation, and surging natural gas prices. Earnings season remained mixed as margin concerns surfaced while crypto news took center stage with BitGo’s NYSE debut. With earnings, the FOMC decision, and geopolitical risks ahead, markets enter next week with a packed agenda.