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Lutnick: We’re Hiring Up a Storm

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    Cantor Fitzgerald CEO Howard Lutnick on the success of its commercial real-estate business.

  • Duration 2:57
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Speaking about her back with Howard what the chairman and CEO of Cantor Fitzgerald -- GDC partners the first comments he's making since BGC partners.

Numbers came out -- second quarter revenues up 27%.

And 31% of that was -- relatively new commercial real estate companies rob Ellis.

Might -- -- I mean that's incredibly bought these companies back in 2011.

They're hitting it out of the ballpark already.

-- that's the idea -- I mean a commercial real estate is who is really good timing right you know was he was down in the doldrums people are starting to be able to finance commercial real estate -- You can only weak to move your office so long after while you've just got to move -- so.

The fundamentals of commercial real estate are excellent and we're in a really really good spot we don't -- gigantic.

National Newmark -- Knight Frank put them all together.

And the hidden -- great numbers well you've got a 144 million in revenues from that business this time around.

Do you expect to continue to get better I -- that's the -- but how much better and equipment quarters.

Well it's going to can both continue to grow -- the middle of the year the second and third quarters.

-- that sort of you know this an average the fourth quarter's big quarter so.

Fortunately the fourth court is still out there and -- continuing to hire or -- up a storm.

And now we're looking to acquire other companies as well so we're going to build that on and on and on into new -- of -- -- and make it really one of the great national -- so.

That's doing really well what you wish were doing better -- you know that you talk about it all the time the financial markets are just.

Did just darned quiet I mean there's nothing you could talk about it it's it's the world thinking.

All right taking risk on or my taking risk off when people -- worried they're just taking risk off but the kind of numbers we're seeing now is sort of the stable spot of where we're gonna be.

I just don't see getting much worse it's kind of quiet maybe for the rest of the summer but eventually as those numbers pick up.

You know BGC partners got this great growing commercial real estate business and -- the financial markets picked up.

You can see -- just pop which part of your businesses is hiring the most 'cause you always say it.

That you were hiring somebody's got there we got -- Eric patriotic is step up to the plate but wearing -- seeing the most vigorous hiring.

Well we love obvious -- the course -- space across the board so we -- commercial real estate what engines so what yes sure.

Capital market -- selling buildings financing buildings raising equity and debt on buildings helping people move in finance from and then we have this other business consulting business.

Most people think about the real estate.

In the world up you know I just -- -- move.

Instead of really analyzing do I really need this much space and what they do that things get much much better such a huge growth prospect for.

BGC down 30% year over year but you've got a dividend of 14%.

14%.

For this company and here's -- yesterday picture -- you don't pretty well today as soon as you started.

Coming on our air power but -- -- is that something maybe its that you would have but didn't buy any part of night.

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