the board has appointed terry duffy, who is currently executive chairman to the expanded role of executivehairman and president. joining me to talk about that as well as volume in a cnbc exclusive is mr. duffy himself. it's always great to see you. >> thank you, maria. it's great to be here. i love the canadian banks and the canadian sports. i'm a big hockey fan and they are smart business men as well. >> thank you for that. thank you for watching, you guys. all right. you have new expanded roles. what is behind these changes and tell me how your life changes. >> my life gets busier. for craig, he spent 23 years at the firm and benefiting at the cme and benefited by having craig there. there always comes a time where you go through changes and it's been a good transition for everybody. a lot of people don't know pupender gill. gill has been an operational guy but it's been craig, gill, and myself making most of the strategic decisions together. now they are going to see a lot more gill. i'm going to be involved in more day to day operations and i thought it was important for gill to take t

cme chairman terry duffy will take on the president's role and duffy is the face of the company in front of congress and regulators in the wake of the mf global scandal. >> and prudential has met forecasts in the 2 billion pounds. numbers are boosted by continued strength in asia which was the biggest contributors to the group's earnings. according to rumors set to move headquarters out of the uk. the ceo told cnbc it was an eu problem not the british ones. >> not because of anything london has done, it's because of things that are happening in brussels so let's put the debate back where it belongs. this year's ten years i think is a great environment to operate. we have london is the best for prudential to be located. >> and there are a pair of economic reports on the u.s. calendar today. february retail sales are out at 8:30 a.m. eastern forecast to arrive 1.1% and by 0.8%. we'll get business inventories, expe expected to rise half a percent. richard, i want to 0 get your take on some of the data we can expect to see here in the states. all eyes are on the fed meeting but some of these

i think we are getting past that and on the floor of the exchange here, terry duffy, only one with the point the finger saying that he did something wrong. i'm actually very, very impressed with the fact he was able to do that and right now he's being shown that he was one of the few guys, john the baptist. the voice in the wilderness and everybody's showing him that he's right. >> jack, just to clarify, terry duffy pointing the finger at john corzine? >> remember, he was the only one who actually did something for our customer base. the cme group, i have to tell you something. stands head and shoulders above everybody else with what think eve done. i don't want to get in to that right now. what i want to talk about is this volume that we have seen from that is starting to come back. happens in the markets. confidence is coming back. with that, more than like the continuance of the rally. >> good to speak with you. >> we take the stage one off and see what happened. >> department any counsel testifying and see what she says if anything at all. going to be very, very interesting. about