New York Isn’t Dead, & Neither Is Hollywood: Related’s Jeff Blau & Endeavor’s Ari Emanuel

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 August 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

New York is not dead, according to Jerry Seinfeld, New Yorkers, and real estate mogul Jeff Blau, CEO of Related Companies. Blau discusses the real estate rebounds in NY-based rentals and sales, and shares his outlook for Hudson Yards tenants and Covid safety. CNBC’s Robert Frank shares statistics on the city’s rebound, but flags low subway ridership and office presence as potential obstacles to recovery. Endeavor CEO Ari Emanuel talks Hollywood talent and entertainment’s own recovery, from live sporting events to movies and gaming. China’s crackdown on internet companies continues, the markets deliver a stunning bounce back, and the American public may soon be signing up for Covid booster vaccines. Plus, online gambling is breaking new ground--and so is Joe Kernen. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer.
0:07.0	Today on our podcast, New York is not dead.
0:11.0	Say New Yorkers, but what about the companies based in the big apple?
0:14.6	See NBC's Robert Frank.
0:16.2	But New York's recovery and its future depends a lot on office workers
0:20.4	and that is the big unknown.
0:22.4	Real estate mogul Jeff Blow says it sure workers and that is the big unknown.
0:22.5	Real estate mogul Jeff Blau says it sure as hell is coming back.
0:26.3	This year is been the biggest sales velocity since 2013 in New York City.
0:31.5	It's a pretty remarkable rebound and it's really New Yorkers.
0:35.0	Hollywood is plotting its own comeback, the CEO of Endeavor, which represents tons of stars,
0:41.0	the agent Ari Emanuel.
0:43.4	I think we've all learned how to operate inside the virus and you now have six super
0:49.2	competitors, whether it be Disney, Warner's Discovery,
0:52.6	they're all bidding for content.
0:55.2	And the latest COVID headlines were talking booster shots,
0:58.3	the Fed, and the little things that get us through.
1:01.3	On the highway, saw Draft Kings advertisement.
1:04.0	I looked around in my car to my family and I said,
1:06.0	Oh, look there's a...
1:08.0	It's Tuesday, August 17, 2021.
	...

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