BlackRock’s Larry Fink Sees ‘Darker Warning Signs’ for US Economy

Laurence D. Fink, chief executive officer of BlackRock Inc. said there are indications that the U.S. economy is slowing as businesses weigh whether the Trump administration will be able to pass tax reform and an infrastructure program quickly.

“The warning signs are getting darker,” said Fink, in an interview Wednesday on Bloomberg Television.

Fink, who runs the world’s largest money manager, mentioned a pullback in car sales and a pause in merger and acquisition activity as indications that uncertainty is rising.

The stock market needs validation that U.S. corporate earnings will stay strong and that the policies of President Donald Trump will move forward in Congress in order to move higher, Fink said.

BlackRock reported first-quarter results earlier Wednesday that beat analysts’ estimates on earnings while missing on revenue.

Outside the U.S., Fink said he’s taking a “wait-and-see” approach to Brexit because it’s unclear what the change will mean for

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<