Recession, debt ceiling, & real estate: top takeaways from Milken 2023

Debt ceiling worries, the trajectory of the global economy, and the health of commercial real estate are all major themes at the 2023 Milken Global Conference in Beverly Hills, CA. Yahoo Finance's Brian Sozzi breaks down what he's hearing from some of the world's top executives at this week's conference.

Video transcript

BRIAN SOZZI: Brian Sozzi, Yahoo Finance, here. Three big takeaways from the 26th Annual Milken Conference. Yahoo Finance has been on the ground since day one. Here are three things that we are hearing from really high profile leaders from across the world.

First off, no one knows where the economy is going. Some people already see a recession later this year. Some people see no recession. Some people are square in the middle.

Number two, worries about the debt ceiling are growing and they are a real thing. Citi CEO Jane Frazier telling me she is worried about the debt ceiling debate, which is not a good thing when you hear a Citi CEO telling you that.

And last but not least, number three, lots of concerns here on the state and the outlook of commercial real estate as interest rates rise. Lots of concerns on that one.

Be sure to tune into Yahoo Finance. We have Milken coverage all over our home page and everywhere else.

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