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Apollo CEO on Trump: ‘I am extremely optimistic’

DeFi Daily News by DeFi Daily News
November 12, 2024
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Apollo Global Management (APO) Co-Founder and CEO Marc Rowan sits down with Yahoo Finance Executive Editor Brian Sozzi for Yahoo Finance Invest, where he shares his optimism for the market under the incoming administration, the need for sweeping change, and Apollo’s small acquisition strategy. Rowan believes the US is primed for change, especially with President-elect Trump’s more business-friendly regulator approach. “We have stimulated our economy over the past four years, and we’re about to get the dividend of that,” he said. With key investments in infrastructure and energy already in motion, Rowan sees the US in a position for greater global strength. “We’re where the action is, and now the question is, can we lead?” Touching on geopolitical risk, Rowan said that a strong power is needed to maintain economic security, and with figures like Elon Musk involved, he expects a greater push for transformational change in both the economy and markets. Looking ahead to 2025, Rowan stated that culture is key to Apollo’s success, noting that the firm is acquiring smaller companies to better complement its core business.Disclosure: Yahoo Finance is owned by Apollo Global Management.
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Tags: ApolloBondsbusinessCEOCurrenciesEquitiesExtremelyFXInvestingInvestmentMarketMarketsMoneyNewsNYSEOptimisticPersonal FinancePoliticsSavingsStock marketstocksTrumpYahoo FinanceYahoo FInance Premium
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