In his three and a half years, the CEO of Apollo Global Management,

Mark Rowan has transformed the alternative asset manager

and sent the company's stock price to new heights.

Origination is where I believe excess return comes from.

And for us, we are very focused on scaling origination.

The $700 billion firm is a champion of the private markets, but Rowan says they're just

getting started.

And America's retirees are poised to be the beneficiaries.

There's a massive white space for retirement services innovation.

I'm David Faber, and this is CNBC leaders with Apollo Global CEO Mark Rowan.

The Federal Reserve just lowered interest rates by 50 basis points.

Did the Fed get this right?

I don't think we're going to know for a long time.

My view is what they did is they took out an insurance policy,

insurance against things going poorly,

but the insurance policy is not without risk.

Certainly our house view is much more conservative than the market view as to both the

number of cuts and the final level of interest rates. But I come at this slightly differently.

We've been through an extraordinary period of time. We've been through COVID, been through recovery.

We've had unprecedented fiscal stimulus.

How do we know that we're calibrated correctly?

So every once in a while I do the look out the window test.

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