Steve Schwarzman, Co-founder and CEO of Blackstone, shares his hardball negotiation insights from his illustrious career. He discusses navigating tough negotiations, including a railroad acquisition where psychological strategies played a key role. Schwarzman reflects on high-stakes situations like the economic turmoil post-Iraq and Blackstone's investment challenges. He emphasizes adapting tactics, understanding dynamics, and asserting authority to achieve successful outcomes. The conversation reveals the delicate balance between strategy and relationship-building in high-pressure deals.

Equities outlook for 2024 with Lori Calvasina, RBC Capital Markets Head of US Equity Strategy. Dana Telsey discusses record-high Black Friday sales. Aaron David Miller provides insight on the Israel-Hamas war. Torsten Slok analyzes the Fed's rate policy. Steve Schwarzman shares buying opportunities in European real estate.

In a fascinating discussion, Steve Schwarzman, co-founder and CEO of Blackstone, shares insights from his journey transforming a vulnerable startup into a trillion-dollar giant. He recounts early fundraising hurdles and the importance of understanding investor needs for successful negotiations. Schwarzman delves into the complexity of high-stakes deals, emphasizing the role of personal relationships and creativity. His emphasis on empathetic negotiation highlights the significance of engaging deeply with all parties to craft innovative solutions.