Squawk Pod Reports from Davos: Blackstone’s Steve Schwarzman 01/17/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 January 2024

⏱️ 13 minutes

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Summary

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Blackstone co-founder, chairman, and CEO Steve Schwarzman. The head of the world’s largest alternative asset manager ($1T AUM) and a longtime investor in China, Schwarzman discusses opportunities in global real estate and China’s effort to attract more foreign direct investment. Once a donor to President Donald Trump, Schwarzman addresses questions about his support in the upcoming U.S. Presidential election. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Right now they have a negative foreign direct investment. This is a terrible situation.
0:10.6	For them they want to reverse it.
0:12.1	Blackstone co-founder, Chairman, and For them, they want to reverse it.
0:12.6	Blackstone co-founder, chairman, and CEO Steve Schwarzman,
0:17.2	a long-time investor in China,
0:19.6	is at the World Economic Forum in Davos, Switzerland.
0:23.0	The Chinese, I believe, really want to lower the temperature for 2024
0:27.6	because it helps them.
0:29.6	At one time, a donor to Donald Trump,
0:32.4	Steve Schwarzman considers both the former
0:34.7	presidents and current president's bids for second stints in the White House.
0:38.9	I think we have interesting presidential election now. They're very high negatives for both candidates.
0:45.2	Plus, the manager of a trillion dollars in assets
0:49.3	explains where he's finding value in global real estate.
0:53.2	It's turned into a very good opportunity.
0:55.6	You think those value plays we're seeing in Europe are going to be coming to the U.S.
0:58.0	too?
0:59.0	Not real fast.
1:00.4	I'm C. NBC producer Cameron Costa.
1:03.0	Squack Pod reports from Davos, Black for the 54th World Economic Forum. They're outside in the cold, but hey, at
1:26.2	least they're in good company. Are you all freezing out here? This is not cold.
1:30.3	This is not bad. By Davos standards.
	...

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