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As important sectors like energy and infrastructure grow in the US, Apollo Global Management (APO) Co-Founder and CEO Marc Rowan believes that the incoming administration will usher a bold leadership needed to boost the economy.
In an interview for Yahoo Finance Invest, Rowan tells Yahoo Finance Executive Editor Brian Sozzi that small policy adjustments around energy and data won’t be enough to drive transformational change the country needs.
“Our financial situation is fixable,” Rowan explained. Small tweaks to tax policy and the deficit policy won’t solve the problem. “It is about wholesale change and we as humans, we are sometimes scared of wholesale change,” he said.
An advantage with the Trump administration, Rowan notes, is the involvement of figures like Elon Musk who embody the kind of wholesale change the country needs.
To watch the full interview, click here.
Disclosure: Yahoo Finance is owned by Apollo Global Management.
To watch live and see every interview from Yahoo Finance Invest, click here.
This post was written by Cindy Mizaku.