Blackstone Inc. (BX) Presents at Morgan Stanley US Financials Conference 2026 Transcript

(BX) Morgan Stanley US Financials Conference 2026 June 9, 2026 9:40 AM EDT Jonathan Gray - President, COO & Director Michael Cyprys - Morgan Stanley, Research Division Michael CyprysMorgan Stanley, Research Division All right.
Welcome to our fireside chat here, keynote fireside.
I am Mike Cyprys, equity analyst covering brokers, asset managers and exchanges for Morgan Stanley Research.
And we're excited to have with us Jon Gray, Blackstone's President and Chief Operating Officer for our keynote here this morning.
As many of you know, Blackstone is one of the world's leading investment firms with over $1.3 trillion of assets under management.
Jon, thanks so much for joining us and back at our conference.
Michael CyprysMorgan Stanley, Research Division Great.
The first half of the year has seen a lot of volatility and uncertainty from AI disruption concerns to private credit fears, all while the conflict in the Middle East continues here.
So what's Blackstone's house view on the state of the economy? The economy has been much more resilient than people expected.
If you went back to 2020, we obviously had COVID.
We subsequently, the following year had the Russia-Ukraine invasion.
We had the Silicon Valley Bank shock, which was more relevant to the folks in this room than the broader economy.
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