Area notorious for its exclusivity since the British Colonial era and the single most expensive neighborhood in hong kong it overlooks the rest of the city and is home to billionaires bankers and celebrities its areas like this one that make hong kong one of the least affordable cities to live on earth internationally hong kong is known to be wealthy and prosperous but thats not the case for all its residents. One in 5 people is in poverty here and that number becomes one in 3 for the elderly and when it comes to housing over 200000 people live in what soco Hong Kong Social Services organization calls inadequate housing like these subdivided flat in a subdivided flat your bed is your living space kitchens and bathrooms are shared in this flat by 24 people some flats dont have kitchens and the rent is more expensive if you have your own toilet in hong kong the gap between the rich employs a bank seelye shan as a Community Organizer with sopo i think that the minute you. Step onto the 50
Basic structural challenges may have eventually sunk the deal even if hong kongs conditions an early disclosure of the talks had not become issues. Talks in hong kong have been raging much of the focus has been to chinas extradition bill and understandably so however underwood ported in the wake of the turmoil has been climbing costs of living in the region recently are 2 correspondent Michelle Greenstein was on the ground in hong kong where she documented the issue and filed this report. This is the peak an area notorious for its exclusivity since the British Colonial era and the single most expensive neighborhood in hong kong it overlooks the rest of the city and is home to billionaires bankers and celebrities its areas like this one that make hong kong one of the least affordable cities to live on earth internationally hong kong is known to be wealthy and prosperous but thats not the case for all its residents. One in 5 people is in poverty here and that number becomes one in 3 for
Retaliate. Results reflect the degree of uncertainty farmers are facing in the midwest. Cbs and viacom finally reunite. Work unveils its plan to go public. Another parade of another parade of earnings and at revenue. Ad revenue. The focus is on the decline in online ad revenues. Not a lot of great news lately. Baseline does not suggest a recession, but these factors, keep an eye on them. Kailey it is ahead on bloomberg best. Kailey hello and welcome. This is bloomberg best, your review of the most Important News and analysis from Bloomberg Television around the world. Lets look at the top headlines. We begin with investors jolted by political shocks. Hong kong protesters forced the citys airport to shut down, canceling flights. And in argentina, a result in primary reactions a set off a chaotic election. Argentina is at the crossroads. While the president is looking to us second term, his path to the presidency just hit a massive roadblock. His main rival, the opposition candidate to g
Tumble. Paul the services session in the u. S. The board. On across treasury yields rallying. The s p 500 jumped into a fiveweek high. The 50 day moving average. Tech shares let the gains on renewed optimism over trade and we had rally at the twoyear yield. At one point, it jumped by the most in about a decade. We had very strong Economic Data when it came to the private payrolls numbers but also little changed when it came to the jobless claims, so the focus is turning to the u. S. August job reports that are coming out tomorrow. U. S. Futures unchanged. Lets see how we are setting up for asia. Sophie it remains to be seen whether this will continue after global stocks posted arrest day gainin since two since january. Hong kong on the radar after Derivatives Trading faced pickups on thursday. We have the nikkei futures in chicago looking to gain ground after the nikkei 225 rolls to a win month high on thursday. Japanese data on cap. Tap. Sydney futures gaining ground, climbing to a on
Uncertainty that farmers are facing in the midwest. Kailey cbs and viacom finally reunite. Wework unveils its plan to go public. Chinese tech leads another parade of earnings and ad revenue. The focus is on the decline in online ad revenues. Kailey the weeks important perspective. You look around the world, not a lot of great news lately. Baseline does not suggest a. A recession, but these factors, keep an eye on them. Kailey it is ahead on bloomberg best. Hello and welcome. I am kailey leinz. This is bloomberg best, your weekly review of the most interviews, Business News, and analysis from Bloomberg Television around the world. Lets look at the top headlines. We begin with investors jolted by political shocks. Hong kong protesters forced the citys airport to shut down, canceling hundreds of flights. And in argentina, a surprising result in primary reactions a set off a chaotic election. Francine argentina is at the crossroads. While the president is looking to us second term, his pat