During a talk at the Economic Club of New York, Larry Fink, CEO of BlackRock, cautioned that stock markets might witness a further 20% decline. According to Fink, many CEOs he converses with believe the country is currently sliding into a recession. He also noted a gradual weakening of the US economy. Despite these warnings, Fink suggested a glimmer of hope for investors with a long-term perspective, considering the significant stock drops observed earlier in the year. He acknowledged the possibility of an additional 20% dip in stock values but remained optimistic about the enduring strength of the US economy in the future.

Fink joined other influential figures from Wall Street in giving his opinion on the trade tensions initiated by President Trump. While not directly criticizing the Trump administration, Fink emphasized the importance of advancing pro-growth policies that were part of the president's campaign promises. He expressed concern over recent US actions potentially destabilizing global financial markets and advocated for tariff equalization with other nations while highlighting the necessity of broadening economic opportunities for a wider population.