Real estate investor and longtime friend of Donald Trump, Steve Witkoff, has seen the ins and outs of the former president’s re-election campaign. In an exclusive FOX Business interview on Tuesday, Trump’s confidant claimed two blue states could be in "trouble" without adequate leadership. "There's a big problem in this country. California, it's a disaster for New York as well," the Witkoff Group Chairman and CEO told Maria Bartiromo on "Mornings with Maria.
Additionally, a Bank of America survey from February found that fund managers are growing more worried over the CRE foreclosures triggering a credit crisis. About 16% of participants in the global fund manager survey identified a "systemic credit event" as the top risk to markets, compared with just 11% the prior month. It marked the third-largest tail risk for markets, behind sticky inflation and geopolitics.
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