WEBVTT - Barry Diller Says New York Is Done

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<v Speaker 1>Here's Barry Diller audio SoundBite number fifty Fox Business channels.

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<v Speaker 1>There were Maria Bartcher Romo, You've got Expedia and Digital

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<v Speaker 1>Media Group chairman, Barry Diller. What are you seeing in

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<v Speaker 1>New York? Barry? What's your take on recovery post pandemic,

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<v Speaker 1>the protesting, the looting that we saw earlier this year

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<v Speaker 1>in New York City. We opened our offices actually in

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<v Speaker 1>Labor Day. We said please come if you can, and truthfully,

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<v Speaker 1>no one comes. There's so much of the city idol.

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<v Speaker 1>It is not faiable drive anywhere, walk anywhere, and you

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<v Speaker 1>see local destruction. We've got to get used to the risks,

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<v Speaker 1>and we've got to take some risks, particularly people who

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<v Speaker 1>are not vulnerable, and get back to full light. Work

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<v Speaker 1>from home is not productive. The concept of work from

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<v Speaker 1>home does not work full stop. Oh wow, is not.

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<v Speaker 1>They're not very many people saying this. He's a he's

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<v Speaker 1>a lone voice. A lot of people, particularly running corporations

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<v Speaker 1>that are like Tim Cook says he's ecstatic with the

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<v Speaker 1>work Apple employees are doing from home, for example, But

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<v Speaker 1>here he is. Working from home is not productive, full stop,

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<v Speaker 1>It doesn't work. They opened their offices on Labor Day

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<v Speaker 1>and nobody showed up. New York ain't coming back, Trump

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<v Speaker 1>said past couple of weeks. New York's not coming back,

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<v Speaker 1>not as currently being run combination of the Blasio and Cuomo.

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<v Speaker 1>But it was I. L. Rushbow who offered that opinion

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<v Speaker 1>months ago. You just handwritings on the wall. You can't

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<v Speaker 1>can't shut down a city like this m and you

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<v Speaker 1>can't you can't teach people that, hey, you know, you

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<v Speaker 1>don't have to live in New York anymore. You don't

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<v Speaker 1>have to go into the city to work anymore. And

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<v Speaker 1>you can't teach people that and then expect them to

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<v Speaker 1>just ignore it. If people don't have to spend twelve

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<v Speaker 1>hundred dollars a month on a closet that they live

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<v Speaker 1>in for rent, they're not going to do it. And

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<v Speaker 1>they have learned that they don't have to do that.