BlackRock CEO Larry Fink talks US economy, Trump counters. Harris, Geopolitical Risks (full interview)

BlackRock CEO Larry Fink discusses the U.S. economy, his views on the presidential election, and why he sees “emerging infrastructure” fueling growth. In a conversation with Bloomberg’s Francine Lacqua on the sidelines of the Berlin Global Dialogue 2024 conference, he also comments on the wars in the Middle East and Ukraine, and why he favors a stronger banking union in Europe. Sign up for Matt Levine’s Money Stuff, a newsletter on Wall Street, finance and other topics. https://bloom.bg/3X2O2d8 00:00:00 Global Infrastructure Partners; the strength of capital markets 00:02:06 sees “the emergence of infrastructure” as a major way to stimulate the economy 00:04:55 Less systemic risk despite geopolitical risks and demographic changes 00:07:46 US elections: Trump and Harris say they have “similar opinions” on the economy 00:09:21 Favors European banking union; Mario Draghi’s report on the future of EU 00:10:36 Fiscal and monetary stimulus in China; resilient supply chains 00:12:31 Wars in Ukraine and Middle East ‘very troubling’ 00:13:45 The economy US will continue to grow by 2 to 3% – no “soft landing” 00:15:00 The market is wrong to bet on so many rate cuts from the Federal Reserve ——– Learn more about Bloomberg Television and Markets Like this video Subscribe and turn on notifications so you don’t miss any Bloomberg Markets & Finance videos: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news and analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: Bloomberg Business on: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More 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 more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https:/ /www.youtube.com/@BloombergQuicktake Bloomberg Spanish: https: //www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source