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
The Commodity Index hit. Abouth the moment, off by 0. 6 . Look at that. Eld, a negative trend by over 1 . We have been down further than that, but that is quite shocking. David to anyone who tells you dont buy the 50, look where it is right now. Get the first word news. Paul allen is here for that. He has an update. Hurricane dorian has made landfall in the bahamas as the strongest storm ever recorded there. Torrential rain and winds gusting up to 300 kilometers per hour. A likely storm surge of more than seven meters. Dorian is expected to batter the u. S. East. Ordered alina has mandatory evacuation of its entire coastline. Argentina has impose capital controls to halt a slump in fx reserves that pushed the country to the edge of default. A limit of five days for exporters, while institutions will need official localization to buy dollars. The italian Prime Minister says he intends to present a new government by wednesday at the latest amid growing tensions within the latest fragile
Page. Boris johnson will suspend parliament next month to limit debate on a no deal divorce. Joining chinas internet leaders to discuss the future of Artificial Intelligence. This trip threatens to annoy President Trump. Marketset a check of and how they closed at the end of the u. S. Session. The dow adding 258. 12 s p 500 was down. 7 . Everyone was in the green except for utilities. Energy shares beating utilities. The u. S. For more than expected. The volatility was low. Not volatility, but volume. Trading was around 15 below average. And lets look at how we are setting up in asia. Nexta we are set for a open in asia. We are waiting for the latest on the trade headlines as investors are held captive. But we did get positive news that chinese negotiators are talks. D to come for it looks like nikkei futures will open a bit lower, down about. 1 right now. That is going to be reversing the gains of two Straight Days. Futures like half the have little change and we saw it open up around
On china stabilizing the yuan. We are being influenced by europe and germany headlines. The s p 500 right now 2915. The nasdaq is up 1. 5 . The 10 year yield is well higher than it was yesterday. A little bit of selling in the treasury market today. A couple of individual stories to look at, kraft heinz a sadly said, we need a plan. The street said yes, you do, and in the meantime we are going to sell your stock. Down 40 . Symantec up on a proposed deal with broadcom. Guy lets talk about what is happening with that german story. The German Finance Ministry says there is no decision to balance its budget for recovery. We will come to that story in a moment with more detail. Look, weve seen a massive gyration in the market over the last few days. How have you dealt with that . What is your view on that . Twodi e have taken a rightwosided approach now. We dont think there is going to be a recession. We are in a manufacturing recession, but services and consumption are relatively strong, s