Ralph Schlosstein, Chairman Emeritus of Evercore, offers a sharp look at market performance during the Trump era. He delves into how tariffs serve as negotiation tools and their implications for the economy. Schlosstein also discusses the striking resilience of the S&P 500 amidst political fluctuations, and the transformative role of the Federal Reserve. The conversation shifts to the burgeoning field of AI investments, drawing parallels with the 1990s internet bubble while highlighting the risks and rewards of innovation in today's market landscape.

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.