Blackstone CEO: A hard Brexit would send UK into a recession

12:30 AM ET Sat, 23 March 2019

Stephen Schwarzman, CEO of Blackstone, talks to CNBC's Eunice Yoon on Saturday on the sidelines of the China Development Forum. He says Brexit is quite "confounding" and the U.K. doesn't appear to be prepared for a hard exit, which would hit Britain "very hard."