Ralph Schlosstein, chairman emeritus at Evercore, discusses his views on markets, the US economic system and the prospects for both a Kamala Harris or a Donald Trump presidency. Talking on Bloomberg Tv, the BlackRock co-founder echoed latest optimism from Barclays and Morgan Stanley that extra M&A offers are on the playing cards although any financial uncertainty might nonetheless have an effect on transactions. He additionally stated he hopes the Federal Reserve will reduce rates of interest by 50 foundation factors subsequent week, extra aggressive than the anticipated 25 foundation factors.
00:00:00 Fed ought to reduce charges by 50bps; housing market; small companies
00:04:15 US election; “vital financial uncertainty”; risk of tariffs
00:07:28 Sees pent-up exercise in M&A dealmaking regardless of financial dangers
00:09:27 Evaluation of Kamala Harris vs. Donald Trump financial insurance policies
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