BlackRock CEO Larry Fink discusses the US economic system, his views on the presidential election, and why he sees a “dawning of infrastructure” fueling development. In a dialog with Bloomberg’s Francine Lacqua on the sidelines of the Berlin World Dialogue 2024 convention, he additionally feedback on the wars within the Center East and Ukraine, and why he favors a stronger banking union in Europe.
Join Matt Levine’s Cash Stuff, a publication about Wall Avenue, finance and different stuff. https://bloom.bg/3X2O2d8
00:00:00 World Infrastructure Companions; energy of capital markets
00:02:06 Sees “dawning of infrastructure” as main strategy to stimulate economic system
00:04:55 Much less systemic threat regardless of geopolitical dangers and demographic shifts
00:07:46 US election: says Trump, Harris have “related views” on economic system
00:09:21 Favors Europe banking union; Mario Draghi report on way forward for EU
00:10:36 China fiscal and financial coverage stimulus; resilient provide chains
00:12:31 Wars in Ukraine and Center East are “very unsettling”
00:13:45 US economic system will proceed to develop at 2% to three% – no “gentle touchdown”
00:15:00 Market is mistaken to guess on so many Federal Reserve price cuts
——–
Extra on Bloomberg Tv and Markets
Like this video? Subscribe and activate notifications so you do not miss any movies from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Go to http://www.bloomberg.com for enterprise information & evaluation, up-to-the-minute market information, options, profiles and extra.
Join with Bloomberg Tv on:
X: https://twitter.com/BloombergTV
Fb: https://www.fb.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Join with Bloomberg Enterprise on:
X: https://twitter.com/enterprise
Fb: https://www.fb.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/firm/bloomberg-news/
Extra from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch extra on YouTube:
Bloomberg Know-how: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@enterprise
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
