Hotness in the News by SociaLifeChicago is your daily intel for the morning’s hot news topics to get your day started. Make small talk, better.
“We are made for loving. If we don’t love, we will be like plants without water.” ― Desmond Tutu
CHICAGO NEWS
• Madison Hall, the latest project from space519 owners Lance Lawson and Jim Wetzel, is set to open Friday July 2 on the ground floor of the Chicago Athletic Association hotel. Labels carried at Madison Hall will include Aesop, James Read, Jin Soon, Verso in apothecary, Apiece Apart, Eddie Borgo, Rachel Comey in women’s wear, Rizzoli Books, Illesteva sunglasses, Sandqvist bags and more. Speaking of opening’s, SoulCycle Loop is set to open their 2nd Chicago location at 111 West Wacker Thursday July 2nd and will feature a 4,000 sq. ft, 67-bike studio with full men’s and women’s locker rooms with five showers. Milly’s Michelle Smith has teamed up with SoulCycle’s senior master instructor Stacey Griffith for a limited edition line of T-shirts and tanks. [INBOX]
NATIONAL NEWS
• Following vile disparaging comments about Mexican immigrants(describing migrants from Mexico as drug-runners and rapists), Donald Trump has been 86d from NBC and the network will no longer air his annual Miss USA and Miss Universe pageants. Meanwhile, world’s second-richest man, Mexican billionaire Carlos Slim has also cut ties with the Donald canceling several projects that were in the works. Chicago area 5 Rabbit Cerveceria will no longer brew their special beer for the bar at Trump Tower. [REUTERS]
• New York City’s Rent Guidelines Board voted on June 29 to freeze rent on one-year leases and to limit two-year lease increases to a comparatively low 2%, this comes after report that landlords’ incomes have grown for nine consecutive years, while renters in stabilized housing have experienced both unchanged income and rising housing costs. Jimmy “the Rent Is Too Damn High” McMillan is somewhere smiling. [NY TIMES]
WORLD NEWS
• A military transport plane with 100 people on board has crashed into a residential area shortly after take-off in northern Indonesia and about 55 people are feared dead and the death toll may rise. The plane was a C-130B Hercules, which went into service half a century ago among many of Indonesia’s aging aircraft and this crashing happening comes just half a year after the crash of QZ8501. [REUTERS]
SPORTS
• A matchup that feels more like a final championship game but it’s actually the semifinal, will have the US Women’s Soccer squad #USWNT facing top-ranked Germany in the 2015 FIFA Women’s World Cup today airing 7pm EST on Fox. The winner of that match will take on either Japan or England in Sunday’s final. [USA TODAY]
BUSINESS
• Uber Technologies, in effort to sell $1 billion to $1.2 billion in convertible bonds, is telling prospective investors that it generates $470 million in operating losses on $415 million in revenue, but they have 300 percent year-over-year growth. “Investors in this round will be able to convert the notes at a compounded 11.5 percent discount if the company sells shares on the public market.” The math adds up to heavy loss for a company with a $50 billion valuation. [BLOOMBERG]
ENTERTAINMENT
• Real Housewives of Atlanta star NeNe Leakes is calling it quits after nearly eight drama-filled years on the show. “This was definitely a hard decision for me, I feel a weight has been lifted off of my shoulders.” [PEOPLE]
FASHION
• Best-selling bucket bag brand Mansur Gavriel, have created an exclusive version in metallic blue saffiano leather with a pony hair print for Parisian boutique/e-commerce Colette during Paris Couture Week and will go on sale on July 6 for about $700. [WWD]
LOOK OF THE DAY
• CAITLYN JENNER IN NYC
*Correction: Madison Hall will open Friday July 3, it was previously reported to open July 1.
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