Squawk Pod Reports: Blackstone’s Steve Schwarzman 8/04/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 4 August 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Blackstone CEO Steve Schwarzman sits down with Becky Quick in a conversation only available in its entirety on Squawk Pod. The private equity giant discusses politics, China, and the global economy. As head of a firm with $1 trillion under management and as a previously important donor for the Republican Party, Schwarzman weighs in on the U.S. economy, and the current state of Washington. In a wide-ranging conversation, he discusses AI and market opportunities in the future. In this episode: Steve Schwarzman, @blackstone Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	And today 20%
0:05.0	20% nationally of offices are empty because people haven't come back to work.
0:10.0	Blackstone CEO Steve Schwartzman is a private equity pioneer. He runs the firm that is the world's largest landlord and shares his take on the U.S. economy.
0:20.0	Instead of really going into recession, U.S. growth was 2.4% in the last quarter.
0:27.0	It shocked almost everyone.
0:29.9	This special podcast is the only place to hear the full Squack Box interview with the one-time
0:35.6	prolific Republican donor. Somewhere around 60-65% of Americans don't want the
0:42.1	president to run and 55 percent or so they don't
0:46.4	want the former president to run. Something's going to happen here. On politics, China,
0:52.4	artificial intelligence. This is one of the most exciting
0:56.1	developments of a lifetime. AI isn't going to just be able to write poems for
1:01.2	somebody's birthday and the opportunities for the future.
1:04.6	That may be a bit of a Pollyanna view, but it's an important thing to get this right.
1:10.2	I'm C. NBC producer Katie Kramer, Squawk Pod reports Blackstone's the $1 trillion mark in assets under
1:30.0	management earlier this summer. Now that is a far cry from the $400,000 the firm's
1:35.0	chairman, CEO, and co-founder Steve Schwarzman started with in the 1980s a
1:39.4	completely different era in Wall Street history. Blackstone is today the world's largest
1:44.3	alternative asset manager with a real estate portfolio valued at nearly
1:48.4	600 billion dollars and in fact the firm is the biggest landlord in the world as well.
1:53.6	On a week when the United States lost its AAA, top-notch debt rating status
2:02.0	thanks to a downgrade from the Fitch agency.
2:04.4	The innovative Steve Schwarzman is an ideal guest to turn to.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.