Speaker 1: Broadcasting Live to New York, Bloomberg eleventh, Brio to Washington,
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Speaker 1: Got Gone. This is taking Stock. I'm Kathleen Hayes along
Speaker 1: with Pim Fox. You know, from Paris to Rio. Everyone's
Speaker 1: curious about hot New Brooklyn. It seems like people from
Speaker 1: overseason they know you're from Brooklyn. They think you're the hipster,
Speaker 1: not the people who have in Manhattan anymore. Well, a
Speaker 1: new book, The Brooklyn Experience, Ellen Freudensheim's fourth comprehensive Brooklyn
Speaker 1: guide books. She's going to tell us all about what's
Speaker 1: really going on. There's the true insiders guide him. Of course,
Speaker 1: she moved over to Brooklyn years ago when the neighborhoods
Speaker 1: were cheaper and it was really just starting to come
Speaker 1: up to what it is now. For example, in the
Speaker 1: last ten years, private sector employment in Brooklyn grew by
Speaker 1: twenty that's faster than any other borrow and nearly twice
Speaker 1: the rate of growth in the rest of New York City.
Speaker 1: Right now, let's go to Charlie Pellet and the Bloomberg
Speaker 1: News from for Bloomberg Business Flash, and I think very
Speaker 1: much pimp Fox that DAL the SMP NEZDAK all moving
Speaker 1: higher right now as from p. Five hundred, index trading
Speaker 1: at a record is up eleven points now, a gain
Speaker 1: of five tenths of one percent. Federal Reserve Bank of
Speaker 1: Kansas City President Esther George has resumed her advocacy for
Speaker 1: interest rate increases, citing the June rebound in U S
Speaker 1: hiring is a key reason to push rates further above zero.
Speaker 1: Her comments came in a speech today in Lake Ozart, Missouri. George,
Speaker 1: by the way, considered one of the most hawkish members
Speaker 1: of the f o m C. Stocks are higher, the
Speaker 1: dollar strengthening with industrial metals amid speculation in the US
Speaker 1: economy maintains a strong enough or is strong enough to
Speaker 1: propel global growth without forcing the Federal Reserve the Titan policy.
Speaker 1: Oil swinging between gains and losses. Oliver Sloop is with
Speaker 1: II Trader. He's in Chicago. He rig Houns have been
Speaker 1: up five out of the last six we was in
Speaker 1: the case. They were seeing activities start to pick up
Speaker 1: at these higher prices and they think that votes well
Speaker 1: for the bears in this market. It kind of has
Speaker 1: some of the bulls on their heels taking some profits
Speaker 1: at these higher prices. We also have Canada coming back online. Uh,
Speaker 1: they were disrupted from wildfires. Outside of Canada. We also
Speaker 1: had Nigeria picking up again and they were disrupted by
Speaker 1: militest man. Right now, we do have West Texas Intermediate
Speaker 1: Crew down one point four percent, Gold down point one percent,
Speaker 1: thirteen fifty six announced SMP up by five tenths of
Speaker 1: one percent to thirty two on Wall Street. Now we'll
Speaker 1: look at other stories making news. Charlie, thank you from
Speaker 1: the Bloomberg News room. I'm Mark Crumpton, Home Secretary. Theresa
Speaker 1: May will succeed David Cameron as the UK's next prime minister.
Speaker 1: The way was cleared when Energy Minister Andrea led Some
Speaker 1: and he's only opponent in the conserved of the party's
Speaker 1: leadership race dropped out. The interests of our country are
Speaker 1: best served by the immediate appointment of a strong and
Speaker 1: well supported prime minister. I am therefore withdrawing from the
Speaker 1: leadership election, and I wish to reason May the very
Speaker 1: greatest success. I assure her of my full support. May
Speaker 1: will become Britain's second female prime minister, Margaret Thatcher was
Speaker 1: the first. It may be a sign that Bernie Sanders
Speaker 1: is about to endorse Hillary Clinton. Sanders will campaign with
Speaker 1: the likely Democratic presidential nominee tomorrow in New Hampshire. The
Speaker 1: parents of Dallas shooter Micah Johnson are speaking out after
Speaker 1: the deadly ambush last week that left five police officers dead.
Speaker 1: James Johnson became emotional while speaking with the website The
Speaker 1: Blaze to h y, can you think better? Um? I
Speaker 1: didn't see it coming. Attorney General Eric Schneiderman suing a
Speaker 1: company he says trick job hunters into spending money on
Speaker 1: security guard training and other courses they didn't need. Delta
Speaker 1: Services is accused of using fake job listings. Global News
Speaker 1: twenty four hours a day, powered by more than twenty
Speaker 1: hundred journalists and analysts in more than one hundred twenty
Speaker 1: countries from the Bloomberg news Room by Mark Crumpton, Charlie
Speaker 1: and we thank you what again. Recapping stocks are higher,
Speaker 1: with the SMP five hundred index climbing eleven points now
Speaker 1: to that is the gain of five tenths of one percent.
Speaker 1: I'm Charlie Pellett, and that's a Bloomberg Business flash during
Speaker 1: listening to taking Stock with pin Box at Kathleen Hayes
Speaker 1: on Bloomberg Radio. Over the past decade, the borough of
Speaker 1: Brooklyn has expanded at a rapid pace. It has attracted
Speaker 1: new businesses, new residents. Down Town Brooklyn is now the
Speaker 1: largest business district outside of Manhattan. And there are a
Speaker 1: number of other economic centers in Brooklyn, including the Brooklyn
Speaker 1: Navy Yard, Sunset Park, Williamsburg, and Green Point. While if
Speaker 1: all these are not familiar to you, our next guest
Speaker 1: will be of help. Ellen Freudenheim is the author of
Speaker 1: the new book The Brooklyn Experience, The Ultimate Guides Who,
Speaker 1: Neighborhoods and Nash's Culture and the Cutting Edge all about Brooklyn,
Speaker 1: and she joins us in the studio. Ellen, thanks very
Speaker 1: much for being here. Why exactly did you decide to
Speaker 1: write this book? It's my fourth guide book. But Brooklyn
Speaker 1: has changed dramatically in the last decade since the last one. Uh.
Speaker 1: It went from being a kind of down and out
Speaker 1: attitude e younger sibling to Manhattan to being the upper
Speaker 1: center of the cultural world. Of New York, which is
Speaker 1: a pretty big transition. I really wanted to connect the
Speaker 1: dots between old and new Brooklyn. Could you explain to
Speaker 1: listeners who, even if they visited New York, maybe you've
Speaker 1: never gone to Brooklyn when you say it's become the
Speaker 1: epicenter of culture in New York, explain why you're saying
Speaker 1: that there's a fabulous creative dynamic at work in Brooklyn
Speaker 1: right now. And you can see it in UH indie bands,
Speaker 1: in the literature, this tremendous literature scene, in many many
Speaker 1: small restaurants, in culinary on enterprises, manufacturing enterprises, in renovations
Speaker 1: sort of incredible renovations of old abandoned man manufacturing sites.
Speaker 1: There's just all ton going on, and there's a lot
Speaker 1: of youthful energy. Let's just talk about some of the
Speaker 1: areas that are most attractive at least to businesses. Maybe
Speaker 1: the Brooklyn Tech Triangle right this is UH Dumbo, the
Speaker 1: Brooklyn Navy Yard and downtown Brooklyn. And just as an example,
Speaker 1: I believe that though when the UH the Brooklyn Navy
Speaker 1: Yard project was proposed, we were talking about well, UH
Speaker 1: twelve million dollars I think it was estimated economic impact
Speaker 1: twelve billion. I beg your pardon estimated economic impact for that.
Speaker 1: It's a vast site. That Brooklyn Navy Yard has been
Speaker 1: around since eighteen o one, and it's there's lots of
Speaker 1: property there and there's buildings that are very interesting and
Speaker 1: can rehab able. So the Brooklyn Navy Yard as some
Speaker 1: of the other post industrial sites, the Brooklyn Army Terminal,
Speaker 1: Bush Terminal which is now called Industry City, the Domino
Speaker 1: Sugar Factory which is now being rehabbed into condo's. All
Speaker 1: these old industrial places where purposeless for a long time
Speaker 1: after World War Two, and the Brooklyn Navy Yard in
Speaker 1: particular has just had an incredible renaissance and hats off
Speaker 1: to the people for doing it. Steiner Studios is there.
Speaker 1: It's a huge stage production stage. There are tons of
Speaker 1: sustainable or teasonal green kind of micro enterprises at work there,
Speaker 1: and there's soon will be a Wigman supermarket as well.
Speaker 1: It's a museum for tourists. Building ninety two is a
Speaker 1: fabulous little museum about the history of the Navy Yard itself.
Speaker 1: Of it's it's a it's a story of a Phoenix.
Speaker 1: I'm stealing this from your book with Steiner Studios, which
Speaker 1: is the largest tenant at the Navy Yard, is the
Speaker 1: largest film and television studio complex with the largest sound
Speaker 1: stage outside of Hollywood. It's got ten sounds stages and well,
Speaker 1: I mean it's also near a rooftop garden. Yes, it's
Speaker 1: fabulous over there. You never really know what you're gonna
Speaker 1: uh see. If anybody is a tourist who wants to
Speaker 1: see it has to take a tour with turnstyle tours.
Speaker 1: You can't just go in and wander around. It's a
Speaker 1: sort of business to business operation. Steiner Studios is well
Speaker 1: known in the film industry. It's not well known to
Speaker 1: the person on the street, but it's significant that they
Speaker 1: that they decided to move to Brooklyn and to populate
Speaker 1: that space. Coincidentally, my nieces visiting from the Seattle area
Speaker 1: and we went to uh Brooklyn flee over by it
Speaker 1: in Dumbo under the bridge, and the Smorgasberg where all
Speaker 1: the food vendors usually are was not operating because of
Speaker 1: Stephen King movies being filmed there. So but it was
Speaker 1: really delightful, really really cool. That seems like the part
Speaker 1: of Brooklyn now that is so established. What about the waterfront,
Speaker 1: because it's so important. When I first moved to New
Speaker 1: York years ago, I was surprised there wasn't more water
Speaker 1: waterfront development anywhere, But it is Brooklyn moving that direction
Speaker 1: to it's a fabulous story. I mean, there's twenty six
Speaker 1: miles of waterfront in Brooklyn and if you you can
Speaker 1: see that, there has been high rise residential development in
Speaker 1: North Brooklyn. So that's along green Point and the Williamsburg
Speaker 1: Coast if you will. Dumbo is a refurbished post industrial
Speaker 1: neighborhood was really darrel like. There was a terrible place
Speaker 1: after World War Two. Then there are the docks which
Speaker 1: have now become Brooklyn Bridge Park. It's it's gorgeous. The
Speaker 1: idea of using the waterfront for more than just going
Speaker 1: up to the front to the edge of the water
Speaker 1: is something that people are now talking about as a
Speaker 1: sixth borough. New York City in general is covered with
Speaker 1: water covered. There's a lot of water here and you
Speaker 1: could build on the water. You could do you can
Speaker 1: not just go in it, but use it in more
Speaker 1: creative ways. I that's a that's an area to watch.
Speaker 1: We need creative leadership in financing for that, but it's great.
Speaker 1: Where would you recommend someone go if they'd like to
Speaker 1: maybe impress their younger offspring that they are hip and cool.
Speaker 1: Where would you suggest They tell them they go home
Speaker 1: tonight and they say, you know, let's go to this
Speaker 1: place in Brooklyn. Depends how younger. Anybody who is over
Speaker 1: safe fifteen is going to be really interested in Williamsburg,
Speaker 1: Green Point and possibly Bushwick, which is pretty edgy, but
Speaker 1: there's tons of art galleries and it's really feels energetic
Speaker 1: and young. It's a working place during the day and
Speaker 1: in the evening things pick up well. Ellen fdnhim. I
Speaker 1: think you've wetted everyone's appetite, not only for Brooklyn, but
Speaker 1: also for your new book. She's the author of The
Speaker 1: Brooklyn Experience. It's her fourth Brooklyn guide book, and she's
Speaker 1: she's over to Brooklyn early eighties. So this lady knows
Speaker 1: what she's talking about. I'm Kathleen. He's along with Pim
Speaker 1: Fox and this is Bloomberg. Bloomertaking Stock is brought to
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