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Broncroc CEO Larry Fink told CNBC on Friday that the US economy thinks he thought he was weakened to the growth point.
“I think we are very close, if it’s not inside, the recession is now,” Fink said “The rod in the street.“
The fear of an economic slowdown has risen sharply since the president Donald Trump Last week, widespread tariffs in the stock exchange causing the sales to demolish the stock market. Trump on Wednesday, he announced that he stopped some for import money 90 daysBut this action was not enough to restore the confidence in the economy.
“I think there’s a slowdown slowly until you have more confidence in the board.
Inquiries of consumers and business leaders showed a sense of feeling weak in recent months. However, other economic information such as business growth and retail sales has been better. FINK, consumers accumulated in front of the goods in front of the threatening tariffs, some economic weakness may be masked.
Despite the concern, FINK said he did not think that he was in the financial crisis and waiting for “Megatrendendends” in the economy as artificial intelligence.
FINK said on Monday, the Economic Club of New York said he thought that other CEOs were the United States. “Probably in the recession“
Fink’s last speech comes after BlackRock announces financial results. One Press release Friday morning, CEO “preferred uncertainty and concerns about the future of markets and the economy,” he said.
BlackRock’s CEO Larry Faber and Jim Crober and Jim Kramer and Jim Kramer talked to the Street on the New York Exchange on April 11, 2025 in the New York.
Michael M. Santiago | Getty Images News | Getty pictures
The financial results of the active management giant were mixed. According to LSEG, Blackrock, LSEG reported $ 41.30 per share during the first quarter and the pre-appreciated earnings from $ 10.14 per share in the first quarter. However, the $ 5.28 billion revenue was short of the $ 5.34 billion consensus estimate.
On the front assets, BlackRock ended $ 84 billion in net flow and March, and ended up to $ 11.58 trillion under control.
On Friday, the company’s shares increased by 2.3%.
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