why don't we talk about what you're finding and seeing in hudson yards, which is a magnificent property but i can imagine that it is a struggling property right now >> the retail is totally closed. the office buildings are open. today is probably 10% of the work force is working there. i can't tell you how thrilled i am to be back and how good it is to be back i think it's so important we do the things to open up the cities i think the perspective a lot of people have when you look at new york or i'm sure other places, the respect that the people really have for this pandemic and how they are dealing with it i feel totally safe coming back to the city. it's unusual it's different people when you go into meetings, everybody puts a mask on they maintain their social distancing i think right now, i think new york is suffering and i'm sure almost every other city is with people really being reluctant to go back to work. that's really the main thing i know how much better i feel being back here. >> i've sort of done a hybrid style partly working at home and i enjoy being back among people. w

jeff blau is the ceo of related companies, the company behind hudson yard.e has been speaking out about the need to return to work in new york. we welcome him back to bloomberg. i know you're on a campaign to try to persuade ceos and leaders to bring their people back. how much success are you having an who are you talking to? jeff: thanks for having me. good to be here. i am on a campaign in trying to recruit others as well. basically reaching out to businesses across the city, whether it is our tenants or others, we noted talk about bringing employees back to new york city. this is not a real estate campaign. it has nothing to do with the office buildings. it is about the impact of office workers on the new york city .conomy we've been back in our offices since june 22. every day i ride around the city and see what is going on. the city is very quiet. the residential neighborhoods have picked up. if you go to the west village of the upper eastside, they are active, there is life. if you go to the business district, midtown, it is deserted. if you think abo

i am talking about just watching the hudson yards project, was just getting off the ground, neiman-marcusaurants two closing just looks like commercial real estate particularly in terms of retail is setting itself up for needing government bailout. >> commercial real estate needs bailout, hudson yards one of the more poorly designed properties we have ever seen in terms of architectural design colocated stores city not getting mass transit to support hudson yards [brookfields, et cetera, the companies doing a great job repurposing for lifestyle centers, and having food focused home focused pet focused egauge focused health and services focused anchored by kmart can't save boxed up in retail bone yard so to speak the aand pm malls requiem movie theatres nounsing coming out, and moving into kohl stores a hooinl winner you are seeing ones with highest sales per property costco lowe's, bj's moving into mall-based properties combining shopping malls with shopping centers to create a requiem a renaissance, 80% sales will still be mall-based so there is hope requires great marketing merchandisin

irene, going to hudson yards last spring, looking around and thinking, this is too much.s a yeariman later has got to close that store. it is a-year-old. can you imagine what that means for that mall, even if it does reopen and get people back in the same way? plus, what happens to other retailers because neiman marcus was there? joe: -- lisa: it is pretty bleak. look at how many empty storefronts there are. what is going to fill them? this is a conversation i have with my friends all the time. who is going to come and pay the rents that are being demanded in order to sell things that people can buy online? jonathan: the thing we have been waiting for is where the price would correct. any sign the price is correcting? lisa: you are starting to see brent come down, particularly in the retail space. there is this convergence a little bit. the question is will it be enough, and how quickly will the recovery be in the big city centers, which is right now looking highly difficult given the uncertain path of the virus, as well as what is going on with fiscal support. jonathan:

sudden the 4.5 ton bronze statue of a silver backed mountain gorilla has taken up residence in hudson yardsand it will be hanging out 9 next nine months. they wanted to bring awareness to endangered animals. how cute. >> i love that, but we shouldn't be touching that, right, during coronavirus? >> just let me have this moment. didn't that little boy look krut is this. >> you can have the moment, but stab in front of it and take the picture. people had their hands all over that thing. >>> back here in san francisco, hayes street will be the latest city street cse to cars in an effort to help the struggling businesses. the "chronicle" reports that it will shut down between laguerre that and franklin streets every weekend. hopefully this will give a boost to the hayes valley neighborhood. they have seen about 20 bars and restaurants close permanently during the pandemic. >> that is tough. >>> and an oakland restaurant is back in business all thanks to a grant from the african-american change better than ofmm. this sxwrant grant has helped this chef open for outdoor dining on the weekends and s

hudson yards is one of the newest high—end real estate developments in new york but it empty its plushd working from home. but some are convinced it's high—tech tools will lure people back. it could you win, the signage. the infrared takes your temperature and you do not have to break stride. this technology lets you in and cause an elevator so you can go straight up. when people do return to the office, they will not have to touch anything on the way in. it is really a medical issue right now, we have done everything we can to make them comfortable and they are starting to come back. all te na nts have are starting to come back. all tenants have come back and it has not been an issue at all. not yet, anyway. while tenants may be paying their rent, other real estate firms are urging people to get that workers back in. if we are heading to a world where men had officers are full, there is very little evidence of that right now. this subway station was once full of commuters, now not so much. at street level, the businesses that depend on office workers are clinging on, at best. take thi

hudson yards by "hell's kitchen."ideo of a guy sitting on a guy trying he tried to grab me on the street he grabbed me from his wheelchair. only people saying it is not that bad, saying it for political reasons and are nowhere near the city because it is worse than anyone thinks. neil: it is incredible. you're right in the middle of all of that, kat tim. be safe yourself. >> thank you. neil: meantime, if and when you return to flying a lot of people have. it's a very different world right now. the whole boarding process very, very different as well. not what you might think. kristina partsinevelos on that after this. introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. ♪ neil: all right. if you think things really changed when you check into an air period of time after 9/11, you should see what is happening now with the postcovid-19 world. kristina part

and to the head of the related companies, that hudson yards project is flat on its back. anchor tenant. it's moving out. you have thomas keller closing two restaurants in that facility. it was kind of a disaster to begin with and more so now. but i poll people. they don't want to go back to work, they don't want to be crowded into office spaces, particularly spaces that are now these open facilities. crowding is a huge issue. the most densely populated city in the entire country. and i think the governor is doing the mayor a favor, because the mayor doesn't know what day it is. maria: emily, the issue is, emily, we want to see business and the economy come back but he does make a good point, without people coming back and feeling that confidence, we are going to have to live with this for a little while before a vaccine is actually distributed and people want to take the vaccine. emily: right. i think what you and dagen are both getting at is it's important to look at the economy as a major city like new york as a very sensitive ecosystem. so if you don't have this huge b

that strip from hudson yards, to penn station, which includes chelsea is becoming a tech corridor., amazon leasing space in that area. stuart: that is the old post office building. it is gigantic. i used to work next door to it. it occupies a entire city brock. a million square feet or more? susan: something like that. facebook gets 130,000. it was built one hundred years ago. even you weren't around. stuart: you got it. thatthat is a good sign for new york. big citieses in general if facebook is prepared to lease all of that space -- susan: not all of it. it will be used for restaurants and there is some entertainment. but the office space, facebook take as big chunk of it. stuart: got it. susan, thank you very much indeed. the protests in portland may have cost local businesses upwards of 20 odd million dollars. who pays? i will ask the question. >>> stimulus talks still on hold. they're being negotiated i guess you could say. i will ask top white house economic guy larry kudlow. where is the stimulus? when will we see it? >>> look at times square. nobody there. called the crossr

hudson yards is one of new york city's newest, high—end real estate developments.everyone started working from home. philippe fisher, though, is convinced the building's high—tech tools will lure people back into the workplace. so the signage beckons you in, there is an infrared camera that already takes your temperature, you don't have to break your stride. and this is the morphoray technology that let's you go in and it calls an elevator so you can go straight up. so when people do return to the office they won't have to touch anything on the way in. it's really a medical issue right now, it's not a real estate issue. we have done everything we can to make them comfortable and they are starting to come back, so we have had total rent collection from all of our tenants and it hasn't been an issue at all. not yet anyway. but while tenants may be paying their rent, along with other real estate firms it is urging new york's big employers to get their workers back in. if we are heading to a world where manhattan offices are full and the big apple is once again burstin

i would walk into hudson yards where we're located and it's this big new building complex, and i wasere, but we would never cross paths. she would go to her own anchor closet, and i would anchor closet, and we would never see each other and you just feel like it's end of days. you feel like you're occupying this building after a nuclear holocaust or something it was totally strange >> seth: and are you getting -- i guess the most worrying thing to me is just finding a level of comfort with it. i can't believe how long i've been doing these shows out of the studio, and now, it strangely in a really depressing way feels normal does it feel normal for you now? >> a little bit. i mean, you know, when you were in the bigger studio, there's the whole crew you have guests. sometimes there's, you know, interpersonal connections and reaction i'm used to people not laughing at my jokes, i guess [ laughter ] so, you know, so being alone isn't that different in that sense. yeah, you know, i'm very focused. you go into this little anchor closet, and you're very focused because you're just there a