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Bloomberg Intelligence

U.S Existing Home Sales Fall, Alaska Air Profit Forecast

Apr 18, 2024
Analysts discuss US existing home sales, economic indicators, Alaska Air earnings, and Netflix outlook. Insights on housing market challenges, commercial airline trends, private jet preferences, and Blackstone's financial performance.
39:45

Podcast summary created with Snipd AI

Quick takeaways

  • Blackstone's earnings impacted by slower deal exits, private credit strength noted.
  • Higher rates pose concerns for asset managers, potential activity return in late 2024/2025.

Deep dives

Main Ideas related to Blackstone's performance and concerns

Blackstone, a major asset manager, reported slower pace of deal exits, impacting earnings. Fee growth was decent, but not double-digit. Key themes such as private credit and wealth management showed resilience and growth. However, limited deal activity affected realizations. Jonathan Gray mentioned a potential return of activity more towards late 2024 or 2025.

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