Closing Bell: Overtime: Blackstone Head of Private Equity On Top Places To Deploy Capital; Commerce Secretary On Chips & China 12/4/23
Major averages ended lower today, but well off the lows. Wilmington Trust\u2019s Meghan Shue and Bespoke\u2019s Paul Hickey break down the market action. Morgan sits down with Commerce Secretary Gina Raimondo, Boeing Defense CEO Ted Colbert and Air Force Secretary Frank Kendall at the Reagan National Defense Forum. Blackstone\u2019s private equity group has $40B in dry powder it can deploy; group head Joe Baratta on the top opportunities his team sees and why public markets are more interesting than private right now. Jefferies analyst Sheila Kahyaoglu on industry implications for Alaska Air\u2019s purchase of Hawaiian Airlines. Plus, Roche buys its way into the obesity drug craze.