×

CCTV Script 30/07/14

— This is the script of CNBC's news report for China's CCTV on July 30, Wednesday.

Welcome to the CNBC Business Daily, I'm Qian Chen.

It's Game On in the Battle of the Billionaires this summer over in the coasts of America.

CNBC's Jane Wells and Robert Frank check out some of the summer playgrounds of the super rich... starting over in the West Coast.

Here in Malibu, it's a better place to centre your chi where you dont have any humidity or bugs. And this 365 days a year. This is the most expensive home in Malibu on the market right now. For $54 million, this is just a pool house. Now the main house is 12,000 square feet and sits on 6.5 acres of manicured gardens right along the ocean, built and owned by developer Richard Weintraub, who wants to move on to something else. 13 bedrooms, 14 full baths, and the pool house has been used as a backdrop for productions like True Blood on HBO.

[Arron Kirman / John Aaroe Group] "It's like a palace on the beach in Malibu, one of the most trophy locations really across the globe. The interior pool house was built with a million plus shells. It's probably the most glamorous indoor pool that I've ever seen. Every day, whether it's January 1st to summer, we wake up to this."

There has been some interests. Mostly foreign, mostly cash. And while in Malibu, you are subject to the occasional fire, mudslide or earthquake. The odds will forever be in your favor. And there's always insurance. Jane Wells, CNBC Business News, Malibu.

Now we head over to the East Coast where apparently, only a select few Billionaires can own the most exclusive enclaves.

Well, this is one of the ultimate meals in the Hamptons this summer, it's a clambake from east-end clambakes and here are some of the other hottest status symbols for the rich in the Hamptons this summer.

Living the good life in the Hamptons has always been expensive, but now the Hamptons has taken its status to a whole new level. Leave the Ferrari in the garage, the real rich get to the Hamptons on Blade, the new uber for helicopters. You'll need sandals like these $135 flip flops, which are selling fast, and body bling, with Lulu DK tattoos in gold and silver. And to keep up that beach body, Hamptonites have taken to paddle boarding with the paddle diva.

[Gina Bradley Founder, Paddle Diva] "Paddle boarding allows for the user to get very intimate with nature. You can go places on a paddle board you can never get to on a yacht."

Down this alley is one of the Hamptons' best kept secrets. It's a little bar owned by a Billionaire and Bon Jovi. And they make one of the hottest drinks in the Hamptons.

The spicy margarita at the blue parrot costs only $14 and while you wait you can look at the star autographs on the wall - Renee Zellweger, Jessica Alba and billionaire co-owner, Ronald Perelman.

Now, the favorite sandwich of the rich in the hamptons this summer, it's actually this: it's a blowfish wrap, made from deep-fried blowfish, it's amazing and again they sell hundreds of these every weekend. Mmm, that is rich. Back to you.

That wraps up this edition of the Business Daily.

I'm Qian Chen, reporting from CNBC's Asian headquarters.

Follow us on Twitter: @CNBCWorld