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.

Sarah Ketterer discusses market impact of higher rates, Ralph Schlosstein talks about returning deal activity. Raghuram Rajan explains India's future post-election, and Jim Farley explores Detroit's decline and comeback with Ford CEO.

Evercore's Neil Shah interviews Ralph Schlosstein, Chairman Emeritus, discussing his career transition from government to investment banking, the importance of mentorship, and the evolving role of technology in the industry. They emphasize the value of human expertise and relationships in the advisory business.