Blackstone’s Steve Schwarzman & House Minority Leader Jeffries 12/18/25

President Trump defended his economic policies and outlined his agenda for the new year in a live address to the nation on Wednesday night. House Minority Leader Hakeem Jeffries (D-New York) responds to President Trump’s comments and discusses the push to extend Affordable Care Act subsidies for three years. Steve Schwarzman, CEO and co-founder of the world’s largest alternative asset manager Blackstone, sits down with Becky Quick as the firm celebrates forty years in business. He shares his perspective on the Federal Reserve’s monetary policy, AI, and the U.S. relationship with China. Plus, Trump Media announced a merger agreement with fusion power company TAE Technologies, Instacart shares are under pressure after an FTC probe into the company’s AI pricing,

House Minority Leader Hakeem Jeffries - 15:21

Steve Schwarzman - 26:28

In this episode:

Hakeem Jeffries, @RepJeffries

Michael Santoli, @michaelsantoli

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

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