The 2024 election, real estate markets, and taking on the CME with the FMX Futures Exchange - CNBC

I’m seeing a lot to like in the next few months... First, what would a new administration mean for the markets? The current stock market is doing pretty well, but it’s being driven largely by the seven largest tech firms. Republicans like lower corporate tax rates and less regulation, so a Trump presidency will lower those tax rates and bring back business to the US. Then, you’ll see small caps rally and drive the market higher. That opens up a lot of opportunities for M&A, and that’s where Cantor Fitzgerald excels.

Next, the commercial real estate landscape is going to generate a massive amount of opportunity, and Newmark is going to come out on top. For the last 14 years, we’ve seen interest rates at 0%. Real estate is a breathing bond, and interest rates coming back in the last couple of years are crushing inflated real estate values. A quarter-percent cut in September isn’t going to make a bit of difference. Banks aren’t going to lend those numbers, so our business, which is financing, leasing, and selling buildings, is going to be on fire. Everybody needs money to refinance, and we’re the ones who can find it.

And maybe the most fun part – we’re going to shake up the futures market. BGC Group is the exchange for everything that doesn’t trade on an exchange. When I tell people that they ask, “Then why don’t you create an exchange?” So, we did. And it’s coming. The FMX Futures Exchange is going to take on a perfect monopoly – the CME. Every piece of the puzzle is set. Every regulatory approval. Ten of the largest trading firms in the world as our partners. Cross margining and clearing through LCH. It’s going to be great.

Thanks CNBC, Sara Eisen, and Carl Quintanilla for having me on.