Fatal violence continues to plague Chicago, an economic hub and home to big corporations like McDonald (NYSE:MCD) and Boeing (NYSE:BA). But one south side native says itâ€™s up to more than just law enforcement officials to usher in peace.
â€œMy comments around business being a part of the solution I just think itâ€™s morally incumbent upon all of us to participate in our communities that we live,â€ CME Group Chairman and CEO Terry Duffy told FOX Business Networkâ€™s Liz Claman. â€œI just think we all need to do our part.â€
Duffy, who grew up in Chicago and now heads the Chicago Mercantile Exchange (CME), says the American dream will be lost for todayâ€™s youth unless the underlying problems in violence-ridden cities across the U.S. are directly addressed.
â€œThese are problems that have occurred over a period of time and you are not going to fix them overnight, but if we donâ€™t start addressing them, they will eventually get to a point where they are unfixable,â€ he said.
On Wednesday, President Trump said the situation in Chicago is â€œout of controlâ€ after recent data recorded by the Chicago Police Department revealed 51 murders and 299 shootings during the month of January alone.
â€œIf theyâ€™re not going to solve the problem â€“ and what youâ€™re doing is the right thing - then weâ€™re going to solve the problem for them, because weâ€™re going to have to do something about Chicago, because whatâ€™s happening in Chicago should not be happening in this country,â€ Trump said during a meeting with African-American leaders.
Duffy calls the killings and non-fatal shootings a global problem and said the CME is doing its part to help through the Chicago public school system.
â€œOne of the things I think needs to happen Liz is you have to give safe passage,â€ Duffy said. If you give children safe passage to and from school then they will be able to learn and move forward in society.â€