Wall Street Titan Weighs in on Tariffs, Volatility

Ralph Schlosstein, Evercore Chairman Emeritus and Co-Founder of BlackRock joined Wall Street Beat on Bloomberg Open Interest to talk about what happens if the US is no longer the investment capital of the world. (Source: Bloomberg)Ralph Schlosstein, Evercore Chairman Emeritus and Co-Founder of BlackRock joined Wall Street Beat on Bloomberg Open Interest to talk about what happens if the US is no longer the investment capital of the world. (Source: Bloomberg)

GOD BLESS ALL OF THE PEOPLE WHO HAVE GONE THROUGH SO MUCH, AND GOD BLESS THE STATE OF TEXAS!
GOD BLESS ALL OF THE PEOPLE WHO HAVE GONE THROUGH SO MUCH, AND GOD BLESS THE STATE OF TEXAS!
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I am saddened to watch Elon Musk go completely “off the rails,” essentially becoming a TRAIN WRECK over the past five weeks. He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States - The System seems not designed for them. The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats, who have lost their confidence and their minds! Republicans, on the other hand, are a smooth running “machine,” that just passed the biggest Bill of its kind in the History of our Country. It is a Great Bill but, unfortunately for Elon, it eliminates the ridiculous Electric Vehicle (EV) Mandate, which would have forced everyone to buy an Electric Car in a short period of time. I have been strongly opposed to that from the very beginning. People are now allowed to buy whatever they want - Gasoline Powered, Hybrids (which are doing very well), or New Technologies as they come about - No more EV Mandate. I have campaigned on this for two years and, quite honestly, when Elon gave me his total and unquestioned Endorsement, I asked him whether or not he knew that I was going to terminate the EV Mandate - It was in every speech I made, and in every conversation I had. He said he had no problems with that - I was very surprised! Additionally, Elon asked that one of his close friends run NASA and, while I thought his friend was very good, I was surprised to learn that he was a blue blooded Democrat, who had never contributed to a Republican before. Elon probably was, also. I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon’s corporate life. My Number One charge is to protect the American Public!
I am saddened to watch Elon Musk go completely “off the rails,” essentially becoming a TRAIN WRECK over the past five weeks. He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States - The System seems not designed for them. The one thing Third Parties are good for is the creation of Complete and Total DISRUPTION & CHAOS, and we have enough of that with the Radical Left Democrats, who have lost their confidence and their minds! Republicans, on the other hand, are a smooth running “machine,” that just passed the biggest Bill of its kind in the History of our Country. It is a Great Bill but, unfortunately for Elon, it eliminates the ridiculous Electric Vehicle (EV) Mandate, which would have forced everyone to buy an Electric Car in a short period of time. I have been strongly opposed to that from the very beginning. People are now allowed to buy whatever they want - Gasoline Powered, Hybrids (which are doing very well), or New Technologies as they come about - No more EV Mandate. I have campaigned on this for two years and, quite honestly, when Elon gave me his total and unquestioned Endorsement, I asked him whether or not he knew that I was going to terminate the EV Mandate - It was in every speech I made, and in every conversation I had. He said he had no problems with that - I was very surprised! Additionally, Elon asked that one of his close friends run NASA and, while I thought his friend was very good, I was surprised to learn that he was a blue blooded Democrat, who had never contributed to a Republican before. Elon probably was, also. I also thought it inappropriate that a very close friend of Elon, who was in the Space Business, run NASA, when NASA is such a big part of Elon’s corporate life. My Number One charge is to protect the American Public!
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[No Title] - Post from July 6, 2025

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I just signed a Major Disaster Declaration for Kerr County, Texas, to ensure that our Brave First Responders immediately have the resources they need. These families are enduring an unimaginable tragedy, with many lives lost, and many still missing. The Trump Administration continues to work closely with State and Local Leaders. Secretary of Homeland Security Kristi Noem was on the ground yesterday with Governor Greg Abbott, who is working hard to help the people of his Great State. Our incredible U.S. Coast Guard, together with State First Responders, have saved more than 850 lives. GOD BLESS THE FAMILIES, AND GOD BLESS TEXAS!
I just signed a Major Disaster Declaration for Kerr County, Texas, to ensure that our Brave First Responders immediately have the resources they need. These families are enduring an unimaginable tragedy, with many lives lost, and many still missing. The Trump Administration continues to work closely with State and Local Leaders. Secretary of Homeland Security Kristi Noem was on the ground yesterday with Governor Greg Abbott, who is working hard to help the people of his Great State. Our incredible U.S. Coast Guard, together with State First Responders, have saved more than 850 lives. GOD BLESS THE FAMILIES, AND GOD BLESS TEXAS!
(✓ Sí, importat)
[No Title] - Post from July 5, 2025

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