Blackstone's Gray on Trade Deals, Real Estate, Inflation
Blackstone President Jon Gray says he expects some countries will strike trade deals with the US "fairly soon," and the effective tariff rate will be around 10%. Gray says the uncertainty around a trade war is likely to slow down GDP growth. He also talks about the AI revolution, real estate and inflation in the US. He speaks to Bloomberg's Sonali Basak at the Milken Conference.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
25 minutes ago
- Bloomberg
Starlink Is Best for Rural Airports, Not So Much for Urban Ones, Cruz Says
Urban airports should use fiber-optic communications while Elon Musk's Starlink satellite service may be better for rural ones, Senator Ted Cruz said. 'In a dense urban environment, fiber makes a lot of sense,' Cruz, a Texas Republican and chair of the Senate Commerce Committee, told Bloomberg Television in an interview on Tuesday.
Bloomberg
39 minutes ago
- Bloomberg
Big Take: At the US-China Negotiating Table
Representatives for the US and China are in London this week trying to hammer out a potential trade deal. But with US access to China's rare-earth minerals and China's access to US semiconductor chips on the table, common ground has been hard to come by. On today's episode, Big Take host Sarah Holder speaks to Bloomberg's Brendan Murray, who's on the ground in London. And Big Take Asia host K. Oanh Ha talks to Bloomberg's John Liu about China's thinking and what a deal could mean for both countries.
Yahoo
an hour ago
- Yahoo
How China wins in the new propaganda war
American influencers are flooding China to show off its technology and culture — while the US has expelled the world's most-followed TikToker. A new Chinese initiative will pay for US influencers to visit and collaborate with local counterparts, according to Chinese state media, which said the program would boost cultural exchange. It's an investment in soft power and a propaganda coup: State outlets praised recent visits from Western influencers like IShowSpeed (whose six-hour YouTube video on his Shenzhen visit has nearly 9 million views) for showcasing 'authentic' life in China, Bloomberg wrote. The US' immigration crackdown, meanwhile, is pushing out influencers. The Italian citizen Khaby Lame, the world's most popular TikToker, was recently detained by US authorities and left the country after being reported by a rival influencer who is friends with President Donald Trump's son Barron.
