parks disney has disney cruises and had been expanding those. cruise industry has been hit especially hard during this pandemic and i'm not an expert on this specifically, but something tells me it's potentially going to take cruises quite a while to come back do you think disney has to rethink where cruises fit in the experience portfolio that they have and how do you think they work through that >> i think the cruises are just like the parks, going to a hotel, or traveling to europe. people, when they feel comfortable with it, i think they will feel comfortable with disney's measures on ships quicker than anybody else. they have a good track record, there's already a lot of interest being shown, people wanting to go on a cruise and wanting to go on a disney cruise so, you know, right now we're in the middle of this thing, so i think some of this may, as soon as there's a vaccine available, i think you'll see a lot of this disappear. and people will step up and if disney waits to make any decisions until they're sure, i don't think disney is go

disney cfo christine mckarther announced disney will be sustaining the dividend which will preserve $1.6 billion in cash and this comes as the company announces that covid-19 cost disney $1.4 billion to its bottom line in the quarter and that includes a hit to advertising, movie delays and think, most of all, the closure of disney's parks. the disney parks alone had an operating income loss of $1 billion in the quarter due to covid driving a 58% drop in operating income now here's what the new ceo says about the plan that he just announced to reopen disney shanghai on may 11th take a listen. >> the approach we take may include implementation of density control measures as well as health and prevention procedures that comply with state and federal guidelines we are seeing encouraging signs of a gradual return for some semblance of normalcy in china >> the company talking about how before it began to close its domestic parks in mid-march they had been seeing an increase in both guest attendance and guest spending and how the brand is strong and the people will return to parks and theaters

and then disney's reopening strategy we have a proposed date for walt disney world and we'll thiscebout it wi dney o bob chapek in just a moment. - [narrator] at southern new hampshire university, we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021. - [student] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu. and its mission is to give you truly transformative sleep. so, no more tossing and turning... or trouble falling asleep. because only tempur-pedic uses proprietary tempur® material... that continuously adapts and responds to your body, to relieve pressure... so you get deep, uninterrupted sleep. all night. every night. the tempur-pedic summer of sleep starts now, with all tempur-pedic mattresses on sale, and savings up to $500 on adjustable sets. >>> it's going to have an option to have rocket thrusters. >> rocket thruster >> yes from spacex. >> all right >> yeah. >> how does that work? i don't know when you're kidding or not >> in this case i'm serious. >

it was relatively low for disney plus. there was a lot of promotion going on when they launched this product. the question, can they get a lot of these functional -- promotional subscribers into paying subscribers. that will drive their average revenue per user higher. the pricing for disney plus, a discount for many of the competitors. that was indicative for companies really wanting to go for orchid share initially. -- for market share initially. romaine: paul sweeney, the host of bloomberg surveillance on bloomberg radio. stay tuned to bloomberg television. today at 5:30 eastern time, h-share -- an interview with the ceo spotify technology. this is bloomberg. ♪ scarlet: it is likely to be a slow recovery to the global economy as a result of covid-19. lawrence boone spoke earlier today about the response she has seen to the crisis. >> it is clear we are entering into some kind of phase two after this economic episode. across theonfinement globe. now, we are seeing many countries reopening. but, i would warned that this i

it fuels the entire disney company from consumer products to theme parks to disney plus.o we really think that's the smart way to launch our big films. on the other hand, with the luxury of having disney plus and its humongous success it's had with 54.5 million households across the world that's also for certain films in a viable and important way to premier films as well. it will be on a very deliberate basis, a film by film basis that we make that decision. but there's not going to be any hard and fast rules. i think what the situation with covid has taught us, you need to remain flexible, nimble and we will remain nimble, but we do believe in that theatrical window. >> speaking of disney plus, you mentioned the 54.5 million subscribers. you're well on your way to hitting the lower range of the 60 and 90 million subscribers you forecasted you would hit by sent 2024, we're talking about four years early there can you update your guidance on disney plus for us >> we're to the going to update guidance only to say we're thrilled with where we're at with disney plus and we h

i just don't think that applies to disney. do you think people with cruise fanatics are already booking cruises now given everything that has went on? do you think this is maybe a big opportunity in disney? >> it could be. let's not forget, disney is one of the companies that made a big bet on china and china is coming back online, getting folks back out into the economy with those lockdown orders expired or ended sooner than they did here in the u.s. it will have that revenue coming back online sooner than some of these other companies. they have also, as you president it out, they have got disney plus. that is one of the few things that isn't overpriced much doing that at 6.99. disney plus, hulu, espn plus bundle 12.99, bargain shopping there, folks with netflix, maybe i will get netflix and this bundle. so i think you're definitely right. this could be a really big opportunity for folks to pick up disney. we aren't seeing it in this earnings report. there is a lot of explaining to do why we have the big miss on even those p

disney taking a huge hit. clearly, disney plus is one area that is positive, but pretty much everything else has been negative. actually in some ways relatively well behaved this morning, but isaac and c, year-to-date, the numbers down quite sharply -- but as you can see, year-to-date to date, the numbers down quite sharply. analyst alexia quad rani will join us later on to talk about what is going on in the entertainment sector. this is bloomberg. ♪ oomberg. ♪ ♪ from london, i'm guy johnson, with vonnie quinn in new york. this is "bloomberg markets." let's find out what is happening with the markets. taylor riggs is here with more detail. taylor: we are looking mostly green on the screen, with u.s. equity markets up for the third straight day in a row. this as more talks continue about reopening the economy. a lot of improvement on the vaccine and testing front. tech has really been the leader in the past few days, though you can see the s&p has now turned positive. crazy as it sounds for the year, the nasdaq

we spoke with disney ceo bob chapek. disney shares ending slightly up. want to bring in abigail doolittle, who has been watching all the moves today. what happened today? abigail: this year has been all about volatility. earlier this year, that huge plunge. we had the huge rebound rally. earlier at one point, the nasdaq down more than 1%, the faang index down for percent. on the close, looking at green, but with notable divergences. the rotation onto some of the beaten-down areas. take a look at that faang index. down day, down about 0.6%. rising tensions with china, around hong kong, the china index down about 1.2%. interesting divergences on the day. theof this does speak to volatility i was mentioning. nasdaq,or the relatively elevated, the key 30 level. but nonetheless, higher than the key level, suggesting that some investors are bracing for more of a sector rotation out of technology. isly: the sector rotation, this sustainable? abigail: that is the trillion dollar question. it has been all about the stay-at-home stocks, the faang stocks, the biote

. >>> coming up, disney will report after the bell.% in 3 months what will post-covid disney look like >>> plus, nearly 4 million homeowners are in mortgage forbearance plans. what's the path forward out? we'll explore that and shares of shake shack in the red today same store sales dropping nearly 13%. the ceo today sounding optimistic of how things looked lately >> over that last six weeks we have seen a steady curve up for us it is really encouraging i'd say it's also thanks to the team we have created these drive-throughs at a shake shack that never existed never had a drive-through. we have the drive-up, curbside lanes and shifted to over 80% last week of our sales is on our digit digit digital channels the number of first timers more than doubled so it is exciting because we know that the guests tend to be stickier than a normal guest and we are working back towards dining room reopenings derek, seems like your team is operating just fine remotely. yeah, everything is running smoothly with the now platform. (bling) see, incident

this is a story of disney versus disney the old disney versus the new one.f are you going to take from the old and realize those problems aren't going away and are going to accelerate on you and put more and more shoulder behind the transformation into the new disney that's going to be the tension they deal with how they resolve that is going to have everything to do with future value of disney >> thank you for weighing in disney shares down less than 1%. up next, much more reaction to beyond meat's earnings report. whether the company could see an increase of demand amid the shortages happening right now many this country. the stock is up more than 4% there's a look at some of the mixed action going on for some of those movers. every financial plan needs a cfp® professional -- confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. >>> shares of beyond meat popping. >> hi there. yes, it was a solid beat on the top line 97.1 million in rev now compared to es

a path forward for disney there and julia boorstin sat down with the disney ceo bob chapek a short timego. eunice, what is it like there? let's start with you. >> reporter: hey, kelly. shanghai disneyland is closed for the night but today the park opened thousands of visitors with fan fare and safety precautions. selfies in front of the disneyland castle. after 15 weeks, shanghai disneyland, the only disney theme park open for business and definitely not business as usual. the park still under post-pandemic restrictions to keep people healthy. the man in charge to do that here is head of oerngss andrew bolstein. >> we have the space around everybody. >> reporter: every line has markers to stay three feet away. at entrances and even while on rides like pirates of the caribbean. >> as our guests are loading in, we putt an empty set between each group and row between each of the rows. >> reporter: at the park visitors get constant reminders to keep a safe distance from each other at the restaurants entire tables are being blocked off. >> all the restaurants, the menus are same we don't do

disney is dependent on these large tentpole movies.hey have done fantastic at the box office the last couple of years. but they will not be able to expect the same sort of revenue from these movies when a significant amount of movies are closed or have drastically limited capacities. emily: just before the covid-19 crisis came to the united states, you had disney announcing that bob iger was stepping down and bob chapek was stepping into the ceo role. chapek's, huge job on plate. iger is still there and seems to be still involved. do in as a new ceo crisis like this, especially given a really uncertain year ahead. eric: it is certainly trial by fire for bob chapek, but it is important to remember that bob iger is still in the fold. people really still associate and love their various hits such as star wars, marvel, various disney properties, pixar. recedes the pandemic and we see either a vaccine of some sort, they are in a really good position to rebound, in parks or across various media businesses. emily: the big question is when the

. >> now, disney has been in talks with the nba to have the nba finish its season at disney world, where you are right now where do those talks stand and where do you see them going? >> we would be very excited to have both the nba and major league soccer play out the balance of their seasons however they see fit at walt disney world. fans are anxious to get back to a world of sports and if we at walt disney world can be entrusted to help make that happen, we would be more than glad to do so. >> is there a risk associated with bringing hundreds of people from those leagues and the production on to your property when you're also dealing with guests at a time like this >> well, we have ample space, as you know this is a very, very big property it's like 45 square miles. and so the real constraint is density. and as long as we don't, you know, butt up again that density issue, we should be okay i should say, even under the reopening situation, we'll have plenty of hotel has won't be reopened so to squeeze in a few more guests would not frankly be an issue whatsoever in terms of materiality.

how can it not be disney disney was 102 bucks going into that number and if you wanted to be negative, you could find a million reasons to sell that stock down today and it's green. that to me -- >> and we talked about that. i was just going to stay, we talked about stock on monday and you said, are you going to stick with it. and i said, yes, the fact that it's $50 off of the highs, scott, i think the analysts who came in in the last couple of days, where were they? where were they until a couple of days ago, quite honestly? this was $150 stock that had already pushed itself down towards the $100 level and suddenly, you've got this onslaught of folks out there that suddenly are turning to sells and turning to all of these different things but that, i think, tells you about how much of a lot of this move is priced into disney now you look forward and you start to say, well, on the 11th of may, they open up in shanghai so we'll get a little sense of that and slowly, they're going to open up in different parts of the world, and we'll see how that goes. but the reality is, also -- and i

is going to handle that for us is the world's largest retail entertainment venue really reopening disney all right let's begin with the curious case of saudi arabia for decades it has flown to its wealth on the world stage often times to the point of seeming almost repugnant about it and with the exception of iran countries big and small all over the world have told saudi arabia whatever you want you can have but cope at 19 in the circumstances we're seeing now globally maybe changing that is it episodic is it long term we've expanded coverage on this story and we're going to get with our t.v. correspondent. john. saudi arabia like the rest of the world has been struggling with the corona virus pandemic the kingdom of 34000000 people has more than 42000 confirmed cases and close to 300 deaths enough to hit the economy there hard as well so much so riyadh is planning a tripling its vet the value added tax on basic goods from 5 percent to 15 percent starting july 1st while also suspending the cost of living allowance to its citizens starting june 1st saudi arabia instituted the vaca years

media,me parks and the combined, or two thirds of disney's revenue and -- are two thirds of disney's and profits on both of them are really suffering right now, even though disney plus did exceptionally well in adding new subscribers. nearlys at a huge cost, $1 billion in content costs. and the biggest problem that people are not focusing on in terms of disney and the entire u.s. media industry, as well as advertising, is the fact that content production has stopped almost completely right now in hollywood and across the u.s. there is no content being made, and it is going to leave the television networks, cable networks, and streaming companies, like disney plus and netflix, with no new content six to 12 months from now, because nobody knows exactly when begin.tion is going to re- haidi: that pipeline for content is really at risk. i wanted to go back on the theme parks, because one of our bloomberg opinion columnists made a really good point, which is that disney's business is built around large groups of people doing stuff together. how much does that get impacted in the longer te

everyone is anxious to get out and about and go to disney, and especially book a disney crews those are extremely popular. i see that just getting started. just put that first foot out there. >> i've heard -- i've heard, lee, people -- my folks were supposed to go on a cruise for their 50th anniversary didn't happen. they looked to rebook in the fall ships are sold out they're sold out does that surprise you it does not. i've never been on a cruise in my life until disney started having cruises i didn't think i liked cruises until i went on the disney cruise and it was amazing. we really enjoyed it took our grandkids and it was an incredible time. disney does an incredible job. it's different than any other cruise ship. it's amazing >> lee, former disney executive. love the anecdotal stuff we'll talk to you soon thank you. >>> coming up on "worldwide exchange," just when will millions of lost american jobs come back? we'll give you an update and outlook ahead. >>> as we go to break, an update on the story that captivated the business world last year the nation of turkey, formally chargi

disney doesn't control itself.kind of wait on the authorities and the government and the governor here to make those decisions but once they allow that to happen, disney will be in business very quickly. >> bill, hope to have you back as we move closer to that date, whenever it is thm thank you very much. >>> coming up in the next hour, don't miss an exclusive interview with disney's ceo, bob chapek disney shares are lower. we'll be right back. every financial plan needs a cfp® professional -- confident financial plans, calming financial plans, complete financial plans. they're all possible with a cfp® professional. find yours at letsmakeaplan.org. >>> one thing separates this recession from a depression says a top economist. find out more on tradingnation.cnbc.com these days, it's anything but business as usual. that's why working together is more important than ever. at&t is committed to keeping you connected. so you can keep your patients cared for. your customers served. your students inspired. and your employe

stores next week check out shares of disney jumping as disneyland shanghai opens. the tickets sold out in just minutes and the park will operate at 30% capacity and the visitors must wear masks at all times. no parade, fireworks and social distancing for the rides and no up-close pictures with mickey or any of the other characters and that's a draw for kids and jeff, you might know a thing about this, too. you like disney, do you think this will givek reopening could mean and look like >> yeah. i think it's one of the best data points that we have right now. there's a question if they open it will they come? this goes a long way to answering that question and speaking about my kids i would rather drag them around disney world at 30% capacity than when it's busting at the seams of people and this may be more of an incentive for folks to want to go. even if it's operating at 30, 40, 50%, at whatever capacity disney decides to open the parks the ticket demand will be there. this is a good sign. thinking longer term, disney+ continues to shine and the company is able t

content doing well on the disney plus side. that's not enough to sustain the business overall we are very encouraged by the trends happening at shanghai disney and thinks this is indicative of the fact there's a lot of pents up demand that we're hopeful we will see in our country and around the world as well knowing that china is further along. if we were to get good news about a vaccine, that would be incredible for a companies like disney we think they have a great franchise, as it stands today. then you have this potential option of the environment getting better if we do get some good news on the the disease front. we continue to like it here. >> michael, your thoughts here, how much of your investor thesis is based upon u.s. parks reopening kind of like china's might? >> yeah. well, certainly, over the long term a lot of it is the answer, dom. this is one of those companies that's not a screaming buy based on fundamentals. if you look at the disney plus business, at a 50% hair cut to the netflix business, probably worth $4

>> what is interesting about disney is before the covid crisis was called magical. you remember the imagine call wrist band and channels, these are being held always looking at disney as the role model until now. earnings is going to take a big hit. revenue will be paused revenue in the market will see a lot of these won't be coming back as a v-shaped type of recovery the pace would be almost magical thinking looking at experience in asia will come back particularly where it solved on site participation and gathering a lot of people under one roof these are the kind of operation can really recover until maybe the vaccine can coming along >> the film's business is 70% of disney's earnings. it seems like a vicious cycle that disney makes the films, it changes the revenue that can be earned from those hits what 70% earning prior to the situation? >> this is a major hurdle. historically for other studios, particularly disney, is a hit maker but the same time to capitalize a character or theme and sell experiences whether musical, cruise line or theme parks, et cetera on

peck, joining us is bob j the ceo of disney.'ve just laid out your reopening plans for disney world 11,lorida starting july july 15 for epcot. a lot of the same things you're doing and shanghai, face masks, temperature checks, social distancing. what makes you feel confident in the safety of the plan and what has been the reaction from officials so far? we always said we would not open up again until we thought we could do so responsibly. we have learnings from shanghai and learnings from our disney springs dining and retail. we have been able to make learnings in terms of how you keep that social distancing. that is the key for us. keeping the six feet social distancing no matter whether people in restaurants, main street, attractions. we are confident we can do that and open up responsibly. universal is planning to open up june 5. why a month later? bob: for us, we feel this is the right time for us, in july. we have different situations and universal because we are much bigger. we have a much more complex business. we have a

disney has blockbusters.hen they have a big opening, and avengers-type movie opening up, you want 40,000 screens in the u.s., and probably will not be able to get past covid. in terms of parks, when they do reopen and they reopened fully, there will be higher costs. parks had the highest margins they had in three decades last year. there will be higher costs. screenings, temperature checks, etc. when they open up. it will be a little bit challenging for disney. disney has put together liquidity.ed they have raised $17 billion in debt, $14 billion in cash, increased their credit line. they are a very conservative company, they raised the debt tremendously, beneficial rates, little over 3%. and had set aside a pot even suspended their dividend just to prepare for an ultimate downsize scenario, which is a pretty scary scenario. you so much, a fascinating conversation about disney. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn. it is time for your latest bloomberg business flash. home c

what about hong kong, tokyo, paris, and disney itself? announcement we are ready to make on most other parts. they are all in different situations. in terms of the progress of covid-19, and different situations in terms of where the inernment feels they are at providing some level of assurances that it's going to be responsible to open up. we have to take our cues from each local government in each place. we like to say at disney that we are really just a citizen of the environment that we operate in, and we want to be a good citizen. so we follow the lead of the local government and we overlay what we believe is good common sense from a disney standpoint and that the terms are on the table. you make long-term strategic plans, and as you look at the world, post-pandemic, has it change your emphasis, you have a wonderful group of assets but many of them are based on people getting together, sporting events, movie theaters, and cruise ships. bob: some of the warranted fears people have about getting together in big groups will eventually di

high disney resort. shanghai disneyland was the 1st of the company's theme parks to shut down due to covert 19 the diseases of the business. like home. and now it is the 1st to be back in business to ensure social distancing measures can be met the park is restricting visitor numbers to only 20 percent of its daily limit or about 16000 people and it doesn't end there. while part goers look excited to be back at the magic kingdom other than capacity limitations it is obvious some things have changed the way. the crushing measures are good at disneyland people need to keep a certain distance between just off crowds from forming popular parades and fireworks shows have been shelved for the time being you know addition disney is insisting that all park go words were face masks and go through temperature checks employees will be taking added disinfection measures at the resort. while for the people it's all about fun for disney the reopening of the shanghai resort is an important step in recovering from virus

disney is scrapping the payment to save $1.6 billion disney plus subscribers now above 50 million as everybody is sitting at home streaming. we'll get more on this stock and if it has bougttomed out china's market rising again. shanghai's composite hong kong up more than 1%. european market mixed but the uk markets are higher let's go to the top story in d.c. president trump announcing he will begin to wind down his coronavirus task force despite the u.s. infection rate still on the rise and surpiesin surpassing 1.4 million >> good morning, brian president trump is preparing for a phase two response, which will involve winding down the current task force this as the president in an interviewconceded that reopening the economy will lead to more deaths >> it is possible there will be some because you won't be locked into an apartment or house or whatever it is with he have to get our country back people are dying the other way too. you look at what's happened with drugs, it goes up. look at suicides people are losing their jobs we have to bring it back that's what we are doing >> the p

i'm a hardcore disney fan.go when they announced disney springs was going to open, not a scientific survey but of our audience, disney's highest affinity group. 66% said they're not ready to come back but 33% that are coming back do want to come back. they want that experience. i mean the first disney resorts will reopen, disney vacation club resorts open an june 22nd. a few weeks before the parks open. i got my reservation. i plan to be there. there are a lot of people, a lot of people, are you know, saying what you just said, you know, when was the last time we got a chance to experience the magic kingdom with maybe 30% capacity? it doesn't happen. doesn't happen very often. neil: you know, pete, it will be very hot in july in disney and you're walking around in these masks which can be a little bit, you know, limiting, very hot, make you feel even hotter. is disney going to be requiring even when you're outside, forget about going inside, venues, everyone is always wearing a mask, no matter where they are in

. >> reporter: and this past december, these disney fanatics got engaged at this waltz disney world museum with plans to wed in the fall. but then coronavirus. >> it got canceled. >> reporter: undeterred, lindsey sprung into action. >> i thought let's see if we can get married at the chase center. there's no sports, and it's home it to so many memories for us. we love it out here. >> reporter: this new magical day, thanks in part to the community, including vendors who loaned lindsey her game, flowers and the warriors themselves, even a member of the team to act as a witness. >> a michigan alum, i couldn't be happier to see jordan here. >> reporter: and one more surprise. >> on behalf of abc and the disney fairy tale weddings wedds aldo, we want to present you with a special, limited edition pair of glass slippers in your size. a moment they won't forget. >> we appreciate everyone's support, everyone being here donating stuff for us. >> we're husband and wife! >> woo! >> hmm. does not get more magical than that. the couple still plans to hold a reception at disney world in the fall fingers

disney will present its plan for the reopening of disney world. look, orlando is the tourist capital of florida, maybe for the whole country, so disney's reopening really matters. lauren, do we know how they are going to do this, the reopening? lauren: we will know in the next hour, when disney is expected to present their plan which includes a date of when and how they will reopen the magic kingdom and their other resorts in orlando. they present their plan to the orlando county task force, then the task force approves it, they send it to florida governor desantis and then he then will have to approve it. but do you remember universal? they said yeah, we are opening june 5th when they presented their plan? that accelerated date of june 5th, according to the rumor mill, really caught disney leadership off guard so will they respond with a similar date or push it back further into june, perhaps july? we do not know. they have four theme parks in the area. maybe one opens, the magic kingdom, then animal kingdom. we'll see at 10:00. stuart: we shall

now disney shares are up 7% today. that's ahead of wednesday when it will bereopening its disney l outside the park in orlando. the movie theatre stocks are also higher led by cinemark up about 11%. i max up about 5% and amc up over 4% there. now the media giant that has suffered the most this year is viacom it's up over 10% today and a bullish analysts notes it's down b about 50% year to date guys, back to you. >> julia, thank you. scott, you want to bet op these media stocks right now and the hopes of reopening and recovery? >> well, we like communications services that's done well we know we've all been using the streaming services of a lot of these companies, com services have done well we expect it to continue to outperform >> mike, is this media sub sector we just mentioned kind of some of those semitelcos as well is that one of the areas that has suffered significantly both because of its value style and its underlying exposures >> cyclical exposed to advertise ing and have most of them a fair bit of debt so tho

. >> reporter: disney fanatics got engaged at disney family museum, hopes to get married in the fall. coronavirus. >> everything going on, got canceled. >> reporter: lindsey sprung into action. >> see if we can get married at chase center, no sports, open venue and beautiful and home to many memories for us. come to games all the time. love it out he in part to commu vendors loaned lindsay her gown, flowers and the warriors themselves. >> as michigan alum, couldn't be more happy to see jordan here. >> reporter: one more surprise. >> on behalf of abc and disney fairy tale weddings and alda, special limited edition pair of glass slippers in your size. >> reporter: cinderella dustin and lindsay schneider won't soon forget. >> appreciate everyone's support. couldn't be happier. thank you. >> we're husband and wife. >> woo! >> could not be happier for them. couple plans to hold reception at disneyworld in the fall and honeymoon one day in disney is the parent company of abc7. >>> famous names got together to throw a mega prom due to all the dance cancellations nationwide. michelle obama ho

disney unveiling plans to open the gates to walt disney world in july from limiting attendance to requiring face coverings, social distancing and sanitizer stations. ceo bob chapek on what future park visits will look like and can disney be the key to the nba's comeback? >>> hanks giving hope. tom hanks with a helping hand in the fight against covid-19. after recovering from the virus, the oscar winner donating plasma for the second time to help others on the road to recovery. >>> and we do say good morning, america. we appreciate you joining us on this thursday morning. such a somber one as we mark that milestone of more than 100,000 lives lost here in the u.s. to the coronavirus since the start of this pandemic. >> robin, it is hard to believe it's been just over four months since the first known case was confirmed in our country and 13 weeks since we learned of the first death here. we want you to take a look at these pictures. these are just some of the faces of the grandparents, mothers, fathers, even children who have been taken by this disease. >> and, michael, to put that number int

. >>> ahead of disney earnings after the bell, we have the top investor who got his first share of disney at the age of 13. on what he says is the key to reopening the magic kingdom. less than an hour to the closing bell on this tuesday, let's start "the claman countdown." liz: just as the president lands, we have this breaking news. one of wall street's very top firms is easing its staff back in. reuters is reporting right now that it's goldman sachs. goldman will gradually return workers to its offices but here's where. hong kong, sweden and israel. what about here? well, the bank will wait to start reopening offices in financial hubs like london and new york, which are still battling coronavirus outbreaks on larger scales. goldman is up 2.6% right now. the report does cite a company memo which also says goldman is looking into the feasibility of testing all staff and visitors for the coronavirus. separately, bloomberg reporting that capital one financial is planning to keep most of its employees in the u.s., canada and the uk at home, working from home, until september. so obviously, w

we have to talk about disney+. they are shooting the lights out on disney+.seems like they are losing money on it. when is that going to turn around? million.ey lost $420 they are opening in a lot of new markets. they are saying 2024. this is a huge asset, the way netflix is, where it loses money but it's gaining subs. ths what it five mon took i think disney+ will be the netflix killer. david: it would take an awful lot to make up for the theme parks and cruise ships and movies and things like that. it's great to have you with us. that is laura martin, senior analyst for entertainment at needham. restaurants use vegetable oil, but we don't when we cook at home. that's coming up. ♪ that's coming up. ♪ david: welcome back to "balance of power." spain's parliament has a loaded -- has voted to extend the lockdown. spain was hit terribly hard. it appears they need to have that state of emergency extended to may 23. there's a larger issue in the european union, which is the different effect of coronavirus on different countries and the different responses and the

borja: ya hay fecha para la reapertura de los parques de disney.y te contamos lo que debes saber y asÍ comenzamos. carolina: ¿quÉ tal? es jueves 28 de mayo. borja: comenzamos, sigue aumentando la tensiÓn. las protestas no cesan en mineÁpolisdonde manifestantes se enfrentaron con la policÍa. el gobernador llamÓ a la guardia nacional para enfrentar esta difÍcil situaciÓn. el descontento crece y se extiende a otras ciudades como los angeles y memphis. aylÉn del toro nos tiene estas dramÁticas imÁgenes. dos dÍas despuÉs de la muerte de este hombre afroamericano los manifestantes protestaron en las calles de varias ciudades. [audio en inglÉs] aylÉn: la policÍa dijo que un hombre recibiÓ un disparo mortal cerca del lugaruna persona fue arrestada y estÁn investigando la causa de la muerte. cientos de personas tambiÉn marcharon para protestar por la muerte. algunos manifestantes atacaron un automÓvil. el sheriff del condado, alex villanueva exhortÓ a todos a protestar pacÍficamente por el fin de la seguridad pÚblica. floyd, quien nacio en houston se graduo

after a 3—month break, walt disney has reopened its shanghai disney resort.m our asia business hub in singapore. nice to see you. we were talking earlier about this and how significant and symbolic this opening is, but logistical measures are a big deal, aren't they? that is right. you said. a big day for mickey mouse, yes, disney reopened its part, but they did so to actually reduce the number of visitors. the park we know is very lucrative for disney, it has been shut for nearly three months because of the coronavirus outbreak. the tickets apparently sold out in minutes when they went on sale last friday. however, the lucky few visitors who did manage to get tickets will have to wear masks, they have to enjoy temperature screenings, keep to strict social distancing measures, and the number of visitors are limited to about a third of the park by the daily capacity, all to keep within chinese guidelines. disney executives estimated last week that the global closures would cost the company well over s1 billion in profits. this reopening is really crucial becau

disney at these levels >> we still like disney.his year the upside was on the and the risk was on disney plus and the conversion of the direct consumer platform that's obviously been up ended we still like disney long term although it was painful to see them cut the dividend coming ab? what do you think? >> yeah. it is a solid hold for me. i'm happy with the position i have a 10% decline in price would get me to adhere and what i think is happening here is, look, they're the canary in the comb mine. disney shanghai ticket sales through the roof and capped at 30% of capacity and the rate at which they increase capacity and chapek saying it will be slow but any drop 10% i'm going to add to it. >> all right a buyer on dips for disney thank you very much for that. >>> the investment committee answers your questions coming up next plus, we have got your final trades and thoughts. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trad

tiktok poaching a huge executive from disney who was in charge of disney's streaming services. ♪ disneyt its top streaming executive to tiktok, the up-and-coming app where users post and share short form videos. kevin mayer leaving to become the ceo of tiktok, and also the companyhe parent joining us, sarah frier. this is a huge get for tiktok. what does this mean in terms of ambitions?'s sarah: we can see tiktok becoming more of a media company. they have working on tv shows, movie deals, cultivating talent to get them paired with advertisers. we could see a lot more investment in that. this company has been underscored by the u.s. government because of its chinese ownership. comes from disney, which is the most american company there is, probably. it remains to be seen whether with thoseng to help relationships in washington and skepticism the regulators have about the company? emily: when we were speaking with sheryl sandberg, the coo of facebook yesterday, she cited tiktok as a reason facebook should not be broken up. wind does tiktok have at its back right now and in terms of posin

we'll be listening for any kind of clues as to whether or not shanghai disney and disney world and disney land might start talking about reopening. that would be a huge sentiment change as we look at reopening the country. let's get to wapner and the half >>> all right. thank you very much. our breaking news coverage of the markets continues. welcome to the halftime report our top story this hour, the tech heavy nasdaq. it's on tear attempting to go positive for the year. it's been an incredible run. we'll debate that with our investment committee good to have everybody with us today. let's begin by seeing where we stand. i'll take you right to the boards with the highs of the day. dow is up better than 400 points 24,148 s&p 500 is trying to get to 29 in it own right. there is the nasdaq. it's up better than 2% it's pushing the door now on 8900 it's about 100 points or so away from going positive for the year steph, you'll get first crack at this today because you own alphabet and amazon and facebook and apple and microsoft. we have a 2% gain for the nasdaq this move has been nothing shor

that's disney. giant reopening its theme parks in mainland china could be one of our first glimpses of how life begins to return to normal that's a theme we'll hit from all angles this hour with a very special lineup of guests white house trade advisor peter navarro. the governor of the state of mississippi. billionaire investor paul tudor jones and dallas mavericks owner mark cuban the final hour of "squawk box" begins right now >>> good morning, everybody. i'm becky quick along with joe kernen and andrew ross sorkin. the u.s. equity futures are under pressure the losses have been increasing. dow futures indicated down by almost 200 points. s&p futures down by 25 the nasdaq, which actually started this morning in positive territory, is indicated down by 60 points right now. a lot of that has been coming as we've seen oil prices come under pressure wti down 1% at 24.48 the treasury market, the yields have been increasing 10-year looks like it is yielding 0.692%. joe? >> thanks, becky tensions rising

talking about disney in a minute they are reopening disney shanghai on may 11 wti up 3.5%. $23.40 it has been a long time since we've seen these levels, andrew. >> it is joe, or becky. we may have to get tacos for joe at the end of the month. >> don't worry about me, andrew. that's like $6 for 12 tacos. what we have to worry about is the hypo allergenic malte opinion poo or whatever. >> i told you i'd be happier to see stocks higher so i could buy my own dog >> i thought, wait a second. doughnuts for andrew taco bell. then she slips in the hypo aller againic labradoodle. she's smart. >> andrew, where are we at we could be at 3,600 or 1,100 by the end of may >> who knows >> the reason i said that. over time, i would have never bought stocks on may 1, which makes me think i should have we'll see. by the end of may, well it may be obvious to buy on may 1 we were reopening but it really wasn't obvious >> there was a lod of layoff notices we've seen coming through. the adp report jobless claims and the jobs report on friday >> how about disney if the world some day resembles the world we

. >>> disney world and disney land are accepting reservations for hotel stays beginning in july according to their websites. disney has not announced plans to reopen the theme parks. disney world had stopped accepting reservations before june 1st. >>> as always, you can get more on our coronavirus coverage by heading to cnbc.com. jon, i'll send it back to you. >> thank you, sue. >>> and now we're going to take a quick commercial break, but a check on the markets dow and nasdaq up slightly s&p slightly below the break-even mark. we'll be right back. stay with us >>> still to come, elon musk and tesla restarting production today, defying a public order from california's alameda county we'll discuss the repercussions for tesla and california next. ♪ happy birthday! so, it goes... ♪ hold up your answers. how is mickey doing today? ♪ you're just a really hard worker. ♪ ♪ ♪ ♪ we hope you find our digital solutions helpful ♪ to bank safely from home. deposit a check with your phone or tablet. check balances, pay bills, transfer money and more. send money to people you know and trust with zelle.

disney plus, the man delaurean, and i love disney under $100 and the stock will continue to have trouble0 and that was the area it broke out last year after the announcement of disney plus and just the reveal of their plans for it, but yes, it is expensive here and without the clarity of when their businesses and the studios and the parks and the networks and all that stuff will be running at some place over 50% capacity it is expensive at 120 >> coming up, the pot stocks are smoking hot and would you pick up the stocks. he'll get into the weeds for us next and must make mega money and we'll tell you how much the tesla ceo is locked in fast money is back in two. and tailored recommendations. that's the clarity you get with fidelity wealth management. >> welcome back to "fast money." tesla ceo elon musk locked in a major payday phil lebeau is here with the details. >> remember when elon musk was awarded this huge insensitive-laden package in 2018 people said this is outrageous, how can he be awarded $55 million, he'll never make it to those benchmarks he's officially made it to the first

pete, you also own disney. you -- forget the downgrade of itself the downgrade is not important today. terning the earnings, tomorrow will be important. what do you tell us? >> i own it like bren was talking about. also used the opportunity to use some of that implied volatility that's high to sell against the stock. that part has helped out a little bit i think the beautiful thing about this be is we have $50 i think bren mentioned, it was $150 stock you're $50 from those highs. it's not like a stock that feels like this, i would look at this name and think this almost could be warren buffet it had to push out time again. we're talking about the parks and cruise ships 30% of their revenue coming from that area and the studio themselves thar themselves, that will be difficult. hulu, you have disney plus and the other things they have invested in and they were able to lean on those now i look at this downgrade and yes it's a downgrade it's a downgrade of neutral. let's call it 100 there are a share. they got a 1

disney took a step forward this week by reopening disney springs in florida. everyone over the age of 3 must wear a mask and get a temperature screening to get in there and while disney hasn't reopened its u.s. theme parks yet, we are getting a preview of what they could look like post-shutdown. last week, disneyland shanghai welcomed guests back with strict new rules in place. all visitors now need to register online and book for a specific arrival time to keep from congregating. you also have a green shanghai qr health code that you have to show, the government's high-tech way to track potential exposures. once inside the park, reminders to keep your distance, yellow tape added to lines for attractions and every other table blocked off to space out diners. here's cnn's david culver getting a sneak peek. >> reporter: safe spacing even for the performances. this is one of the stages. look here in the crowd. pick a box. that's where you and your family unit will stand, keeping that distance. >> and after stopping off each ride, you'll find a row of hand sanitiz

disney said in a statement...it's time for a look at the weather with stav it looks like wednesday will be the peak of the heat of this warm spell and it has been warm across the south recently but that warmth will push south into scotland and northern ireland as late on wednesday. that on thursday and cool and windy for areas by the time friday thanks to low pressure. as we had to do tonight it will stay cloudy across northern part of the uk and the weather up front will bring ray into the northern aisles and further south it should be dry and further south it should be dry and clear skies. on wednesday high pressure continues to draw warm air north across the uk so it will start right across and the rain should clear away and much of the country will have a dry and sunny day across scotla nd will have a dry and sunny day across scotland and northern ireland than we have seen over the last couple of days. the temperature is responding. the low 20s in the north, made it to upper 20s and parts of england and wales.