U.S. Markets open in 5 hrs 3 mins

Schwarzman voices support for raising minimum wage, says U.S.-China will reach a trade agreement in ‘the next two months’

In an wide ranging interview with Yahoo Finance Editor-in-Chief Andy Serwer, Blackstone Chairman and CEO Stephen Schwarzman voiced his support for raising the minimum wage, says that the U.S. and China will reach a trade agreement in 'the next two months,' and that global growth has softened, but no recessions are expected in U.S. and China.