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Rieder odds rising for Fed chair after Trump calls BlackRock executive ‘very impressive’
BlackRock fixed income chief Rick Rieder’s star is rising as a potential Federal Reserve chair following flattering remarks Wednesday from President Donald Trump.
In a CNBC interview, Trump called Rieder “very impressive” following a recent meeting between the two. Rieder is one of a few finalists in the race to see who will succeed current Chair Jerome Powell when his term expires in May.cnbc.com - Rieder odds rising for fed chair after trump calls blackrock executive very impressiveNearly a year ago, when Trump the Magnificent started making noises about Hutchison's ownership of ports in Panama, BlackRock lead a consortium bidding for those, and other ports run by Hutchison.
March 5, 2025
BlackRock-TiL consortium to acquire CK Hutchison’s port operations for $22.8bnfinance.yahoo.com - Blackrock til consortium acquire ckThe BlackRock offer met pushback from Chinese companies.
December 29th, 2025
$23 Billion Global Ports Deal at Risk After Cosco’s Majority Stake Demand
A BlackRock-backed $23 billion acquisition of dozens of global ports from CK Hutchison is at risk of collapsing after China’s state-owned shipping giant Cosco demanded a majority stake in the deal, according to a report from Hellenic Shipping News. Three people familiar with the talks said BlackRock and Mediterranean Shipping Company were considering walking away from a deal to buy the ports from CK Hutchison if Cosco were to insist on getting a majority stake.globaltrademag.com - Billion global ports deal at risk after coscos majority stake demandThe chatter has been that Cuba is Trump the Magnificent and Perfect's next target, but I don't see how God on Earth Trump could immediately profit from Cuba, the way he can by controlling access to the canal.
Steve
