Ralph Schlosstein, chairman emeritus at Evercore and co-founder of BlackRock, shares his insights on the current state of dealmaking, highlighting significant pent-up activity amid economic uncertainty. He discusses how proposed transactions may face challenges due to fluctuating market conditions. The conversation also touches on AI advancements affecting business performance, alongside predictions of a potential mild recession. Schlosstein dives into interest rate expectations and their implications for unemployment and small businesses. It's a thought-provoking discussion packed with expert analysis.