BlackRock CEO Larry Fink on US Economy, Trump Vs. Harris, Geopolitical Risks

BlackRock CEO Larry Fink discusses the US economy, his views on the presidential election, and why he sees a "dawning of 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 about Wall Street, finance and other stuff. https://bloom.bg/3X2O2d8 00:00:00 Global Infrastructure Partners; strength of capital markets 00:02:06 Sees "dawning of infrastructure" as major way to stimulate economy 00:04:55 Less systemic risk despite geopolitical risks and demographic shifts 00:07:46 US election: says Trump, Harris have "similar views" on economy 00:09:21 Favors Europe banking union; Mario Draghi report on future of EU 00:10:36 China fiscal and monetary policy stimulus; resilient supply chains 00:12:31 Wars in Ukraine and Middle East are "very unsettling" 00:13:45 US economy will continue to grow at 2% to 3% - no "soft landing" 00:15:00 Market is wrong to bet on so many Federal Reserve rate cuts -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.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/company/bloomberg-news/ More 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 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 Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts