and downs with cope at 19 for today this is the only kind of roller coaster ride visitors at shanghai disney are concerned about a little disney magic to remind them of better times and hopefully a sign of brighter days ahead for boom bust i'm alex mileage. and that's it for the you can catch boom bust on the brand new portable t.v. up a veil on smartphones through google play on the apple app store by searching portable t.v. and as always you can check it out on youtube dot com slash boom by start to see you next time. with good reason public discourse is focused on addressing and finally each containing the cobe in $1000.00 pandemic now the focus is on devastated economies we're in a recession will it morph into a depression will the recovery being you be or an elf. you cannot be both with the yeah you like. good food descriptions sound appetising even for the owners so how to choose this pet food industry is telling us. what to feed our pets really more based on what they want to sell us than was necessarily good for the pet turns out may not be as healthy as people believe we have animal

ups and downs with covert 19 for today this is the only kind of roller coaster ride visitors at shanghai disney are concerned about a little disney magic to remind them of better times and hopefully a sign of brighter days ahead. boom bust. a bitch. and that's it for this time you can catch boom bust on the brand new portable t.v. up of ailill on smartphones through google play and the apple app store by searching portable t.v. and as always you can check it out on youtube dot com slash boom bust r.t. so you next time. it is the. police. that were. dying while some of the wealthier neighborhoods it's been far more contained in the numbers are much lower than some of the more a neighborhood start to see if anything we're working with can source outside of the state is there just so if you're. welcomed on contact today we discuss veteran suicides with former marine company commander matthew i've believe in what many others believe is the main driver in suicide is not p.t.s.d. per se however it's something called moral injury and moral injury is you know it's kind of a fancy term for guilt but it

and downs with covered 19 for today this is the only kind of roller coaster ride visitors at shanghai disney are concerned about a little disney magic to remind them of better times and hopefully a sign of brighter days ahead for boom bust smile of it. and that's it for the catch boom bust on the brand new portable t.v. up a veil on smartphones through google play on the apple app store by searching portable t.v. and as always you can check it out on youtube dot com slash boom bust r.t. so you next time. during the vietnam war u.s. forces also bombs neighboring laos it was a secret war. and for years the american people did not know. how much anticipation had rebound country per capita. human history millions of unexploded bombs still in danger lives in this small agricultural country jordyn wieber. even today kids in laos full victims of bombs dropped decades ago is the u.s. making amends for the tragedy in laos what helped to the people need in that little land on my. back geysers financial survival. housing bubble. oh you mean there's a downside artificially low mortgage rates don't get c

and downs with covered 19 for today this is the only kind of roller coaster ride visitors at shanghai disney are concerned about a little disney magic to remind them of better times and hopefully a sign of brighter days ahead for boom bust i'm alex mileage. and that's it for the you can catch boom bust on the brand new portable t.v. up of ailill and smartphones through google play on the apple app store by searching portable t.v. and as always you can check it out on you tube. star to see you next time. negative rights are coming and a lot of people say well you can't go negative on the world reserve currency they also said you can ever print a negative oil futures contract they said you can never print and negative interest rate on a sovereign bond that's already happened and i think about warren buffett for a 2nd i mean i pity him at this point because he says he doesn't like stocks and he's hiding out in cash but his cash is about to go negative returns but negative interest rate on his castle is going to be losing money on its cash pretty soon and he said i would never own gold and i wou

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 lock dow

as talked about the opening of shanghai disney. ys baby steps adding maybe 5,000 additional capacity guests per week no real guidance on disney plus. we really covered the water front on a big day for disney in china. >> yeah, absolutely. some really interesting commentary on espn as well given there's no live programming and saying they don't have play book for this a new ceo coming in in the time of pandemic navigating something like this. the pandemic is resulting in stronger demand for packaged delivery a big beneficiary has been stamps.com which is up 140% year to date. this despite the financial viability of the u.s. postal service. ken, thanks for being with us today. >> absolutely. thank you. >> we started this hour talking about the role that this idea of stay at home stocks have played in the recent rally of the nasdaq i would add stamps.com to the list you did see a big positive impact whether it was a new customer or an increase in package volumes. have you seen that continue to carry out into the current quarter. as sta

carl, your point on disney is well taken there's demand in shanghai to mike's point they will not be able to in any way get near capacity, these parks. when they open up in the united states, as bob chapek made clear on the conference call, they don't anticipate getting anywhere near 50% initially. it will be a slow ramp the questions with disney continue to be quite significant in terms of how long the leverage ratio with the company is so large right now between five and six times given the ebita that has come down dramatically one other thought on the jobs picture. this is the way a business, as hard as it may be to hear, but there are a number of companies that are using this as the opportunity that they were looking for to become more efficient. those jobs will not come back. you think of uber and what we heard from dara khosrowshahi earlier and on the conference call so many companies are look at this as that opportunity that maybe they would not have taken full advantage of in the past to create efficiency. i wonder how much of those 18 million are part of that cohort that wil

to cnbc.com carl, back to you. >> sue, thank you. >>> we want to talk a lot about disney's reopening strategy in shanghaisney shanghai opens over the weekend bill cohen joins us this morning. now the president and ceo at i-tech entertain a theme park consulting service. thank you for helping us understand what we're seeing this morning >> pleasure. nice to speak with you >> what's your take on how they've done shanghai and to what degree can we extrapolate potential openings in around >> in orlando we're happy to see them open in shanghai. it gives us hope that the rest of the system will soon come online we're watching carefully to see how they do in shanghai, and we're hopeful. we're also confident they likely have their act together. they should be doing fine and maybe some of the lessons learned will kind of progress through the rest of the system over time as they let them open up in the united states. >> what's been your impression so far of what you can see in shanghai >> well, so far, we don't know a lot about it i was on the phone last night with some people in china just to kind of gauge where

is as popular as ever when tickets went on sale for opening day they sold out in 3 minutes but shanghai disney isn't out of the woods yet and neither is china in general china has reported a new cluster of covert $1000.00 and after a month without new cases and a number of infections have also been reported in the city of in the north of the country the cases are adding fears that another wave of coronavirus could be on its way as the country continues to ease restrictions and that means that the doors of disney could be closed once again while experts predict future ups and downs with covert 19 for today this is the only kind of roller coaster ride there is that are such a high disney are concerned about a little disney magic to remind them of better times and hopefully a sign of brighter days ahead for use with rick sanchez i'm out with some highly bitch there are reporting there and usual for mileage mile of edge. let's go to our rob corona virus update desk matting in for so ben yesterday with the very 1st want to bring us the story. about this restaurant in colorado where they do a sudden

restrictions we'll walk that ramp again but slow and steady for us. >> that was disney ceo as shanghai disneyen reopened shannon, jim, you own it shannon, do you still like disney at these levels >> we still like disney. coming into this 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 stoc

. >>> from shanghai to beijing, what our own eunice yoon had to go through to cover the shanghai disney opening for cnbc. shut down until 2021 the inkred and some might argue puzzling decision by 2 california colleges to close their doors even in the fall and back at work in alameda. what tesla plant workers tell cnbc stock futures are down 262 we are back after this feed a healthy lifestyle, with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. and try pure protein shakes, with 24 vitamins and minerals. you should be mad they gave this guy a promotion. you should be mad at forced camaraderie. and you should be mad at tech that makes things worse. but you're not mad, because you have e*trade, who's tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. don't get mad. get e*trade's simplified technical analysis. >>> good morning china introducing new restrictions after reporting new infection spikes including an alarm up tick in wuhan which of

we'll take a short break here and when we come back is shanghai disney a proxy for theme parks in northalk to a former disney executive when "squawk alley" examines right back. (vo) our communities need help like never before and wells fargo employees are assisting millions of customers across america through fee waivers and payment deferrals, helping people stay in their homes through mortgage payment relief efforts and donating $175 million dollars to help hundreds of local organizations provide food and other critical needs... when you need us, wells fargo is here to help. 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. with all tempur-pedic mattresses on sale, there are times when our ne

and downs with covered 19 for today this is the only kind of roller coaster ride visitors at shanghai disney are concerned about a little disney magic to remind them of better times and hopefully a sign of brighter days ahead for boom bust i'm alex mileage. and that's it for the you can catch boom bust on the brand new portable t.v. up of ailill and smartphones through google play on the apple app store by searching portable t.v. and as always you can check it out on youtube. start to see you next time. after all remember to recruit some good you have on little people 1000 people bar you member i think the lead revolved you could probably. why do you prefer the earth week that was really. business which wasn't when the president. was there what i mean you. will see ask yourself how are you going to survive how are you going to protect yourself a little to feel cool off your phone for the up or the flu than the old local funded through in the field or through the door the clerk local are a lot older and this will still. reduce your stomach because others are as it is. using technology where t

fidelity. >>> welcome back fikts for monday's reopening of shanghai disney land has sold out. michael and brenda, you both own disney brenda, we'll start with you are you optimistic do you still own it? are you adding to it >> we still own it we feel that disney is a high quality company with incredible 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? >> ye

we'll also talk about disney, look at shares of it the company shanghai disney resort reopening todaysks, temperature checks, social distancing and, yes, a sold out crowd capping at about 1/4 of full capacity >>> don't miss a full interview at w bob chapek, disney ceo. thill happen on "squawk alley. stay tuned "squawk box" continues after this usaa was made for right now. and right now, is a time for action. so, for a second time we're giving members a credit on their auto insurance. because it's the right thing to do. we're also giving payment relief options to eligible members so they can take care of things like groceries before they worry about their insurance or credit card bills. right now is the time to take care of what matters most. like we've done together, so many times before. discover all the ways we're helping members at usaa.com/coronavirus >>> welcome back to "squawk box" this morning take a look at oil prices turning positive after saudi arabia said it would further reduce output. the prices of the wti buying it by a barrel if you do it that way, $25.34. becky, over t

. >>> plus shanghai disney has reopened, after more than three months, but things won't look exactly the same. cnn goes there to show what you it looks like on the other side, and every day potentially risking their lives during this pandemic. i'm not just talking about medical workers. i'm speaking about transit workers, so how are they protecting themselves? technologies advisor. me too. me too. and if you're a small business, we're with you. standing by you every step of the way. bye bye. the story where the chances are low, and the cost is high. the sacrifice is real. it's all around us. but this isn't a story about how tougher times beat us. this is our comeback story. the time when we rally and come from behind. the time when we defy the odds and get back to work while the whole world watches. yeah, this is your comeback story. and when it's time to come back, we'll be ready. >>> on friday we got the worst jobs report in american history but it is going to get worse before it gets better. white house officials predicting even more dire unemployment numbers in may, 20% or higher

. >> china's shanghai disney reopened this weekend after a three-month shutdown. the theme park experience now includes temperature screenings, sanitizer stations, and new rules for social distancing. ramy inocencio has the story. >> reporter: mickey and minnie mouse took the stage as a band played while a cast of other well-known disney characters greeted thousands of guests all arriving for the park's official reopening since it closed in january. but in a post-pandemic era, a different experience awaits visitors. to enter shanghai disneyland now, infrared cameras with facial recognition software scan each person for possible fever. a personalized qr code shows up on each person's smartphone. only those with green codes are allowed in. once inside, social distancing is obvious everywhere. yellow tape or paint on the ground guides visitors to keep at least 3 feet of distance between each other. tables are cordoned off at restaurants that accept contactless payment. no cash. many of the most popular rides launch half full. and the precautionsonto th socialwoers nt

ashaad: the magic returning shanghai disney reopens after almost four months of a virus shutdown. we are live in the park as the crowds return. getting certain markets, this is what we have, s&p futures, what are they telling us after friday, shrugging off that appalling economic data in the form of the payrolls reports. futures up half of a percent. hang seng with the nearly 2% high. entering into bull market terrain, rising 20% from its march low. shanghai at one third of 1% to the upside. the laggard as these volumes are spectacular. a quick look at other stocks we are watching. looking at a couple that should be active in a moment in manila after they were halted from trading. miguel.and san halston, 12.5%. san miguel withdrew its tender officer for the company as the timeline ran out. ayala down .31%. the overall composite half a percent higher. let's move things along and get to new york and look at some of the first word news. global coronavirus infections continue to rise and now top 4 million with jess at about 280,000. the u.s. has by far the most cases and fatalities wi

. >>> disney began reopening theme parks this week starting with shanghai disneyland. le no date has been announced when walt disney world in florida will open, visitors can begin making reservation on july 1st. david culver looks at how disney shanghai is getting back to business. >> reporter: they lined the streets to welcome guests back. opening monday after 3 1/2 months. it closed as the novel coronavirus ravaged parts of china. the latest government figure claim there are fewer cases, particularly in shanghai. disney felt confident to open the gates. limited admission. disney's ceo has said while fewer guests would be allowed initially. on day one, they noticed a smaller crowd coupled with several new safety measures. >> we have cast members here monitoring the pews asking guesses to maintain the social distance. senior vice president of operations said screening starts before they arrive. enter, keep a green qr health code. inside the park reminders to keep your distance. yellow tape added to lines for attractions and restaurants. safe spacing even for the perform

but today's a major milestone as disney shanghai is the company's first theme park to reopen eunice has path forward for disney there and julia boorstin sat down with the disney ceo bob chapek a short time ago. 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

the new cases have not stopped shanghai disney land from furblfurbl officially reopening. david culver is live with more. how is this going to work? >> reporter: alisyn, i'm struggling a bit with this. what a juxtaposition for what we have been covering for past four months and here we are now talking about other cities in china, one in particular in northeastern china, going on a wuh wuhan-like lockdown and some places you don't need to wear a mask, here in disney land they're requiring that on the street with the public. we were able to get rare access into how they were able to get to this point. perhaps it is going to be a model for how parks in the u.s. and europe eventually open. take a look. welcome in to shanghai, disney land, where we are getting a sneak peek of what the new operations are going to look like for this park and reopening 3 1/2 months after they had to shut down because of the novel coronavirus outbreak here in china. normally when you're in the park as they reopen, you are to wear a mask. we're able to take ours off because the crowd isn't in just y

shanghai disney is opening. more health screenings and virtual lines to maintain social distance at disneyland and disneyworld, a blueprint for what comes next. >>> now to an nbc news exclusive, an inside look at the homeland security's national bio defense lab opened after 9/11 and focusing solely on covid-19 here is tom costello with that. >> reporter: it's one of the deadliest pathogens the world faced in the last 100 years. trying to crack the coronavirus code is now the top priority in maryland in the homeland security bio defense center behind these doors, one of the most secure labs in the country. researchers in full bio hazard suits working to understand how the coronavirus spreads and infects so easily. i asked senior research scientist paul dabish about the pressure knowing so many people have already died. >> it's very great we are working around the clock because of that to try to answer questions we're being asked about this virus and hopefully those results can help inform our response to this and

encouraging signs of a gradual return to some semblance of normalcy in china. >> reporter: as the disney gates in shanghais around the world hoping it can provide a blueprint for safe operation of disney theme parks worldwide. disney's chief medical officer, dr. pam hymel, working closely with the u.s. travel association on a bit of guidelines to help demonstrate safety of travelers is a top focus. disney is now looking at how they might do this safely and successfully. here in the u.s., they're looking at potential partial re-openings of certain locations and in the words of our former ceo and executive chairman, bob iger, i have absolute confidence we will get through this safely and successfully. robin. >> all right, thank you so much. george. >>> thank you, robin. let me turn to the race for a vaccine. a new trial has started with volunteers getting their first doses. researchers hoping for approval in the fall. the big question, will the vaccine be effective as the virus mutates? how quickly can they be produced? what are the risks? amy will speak to one of the lead investigators in a moment but firs

multiple reports say disney mans to reopen its shanghai disney resort on may 11th.o word on when u.s. parks will reopen. >>> time to give the class of 2020 a big shout out. >> kpix 5 is honoring graduates of all ages. ashley england is an eighth grader in santa rosa. she's being promoted to ninth grade at maria cabrio high school in the fall. and she loves to cook and dance. >>> and dylan daniel is graduating from vintage high school in napa headed to boise state university to major in psychology with a minor in graphic arts. we want to see your graduates as well. share a snapshot of them using the #kpix or 2020grads@cbs.com. no professional photos, please. >>> next for us, after pestay a vacation homes in the sierra, this town looking toward reopening early. >>> just in time for mother's day, a very determined mama bear rescues her cubs in th south lake tahoe could make an appeal to the governor to relax covid-19 restrictions. the city has now drafted a letter outlining a quote safe and slow reopening plan for retailers and restaurants. the restaurants would be ope

the company restarting earlier this month when shanghai disney opened after more than three months the global head of equity research joins us now. thank you, sir for being with us we all remember the closing of disney shanghai was pretty symbolic and signaled to the rest of the world how severe covid was. that park reopened on may 11 today in florida, disney springs is beginning its reopening process. how significant is this? >> caller: you are right it is very significant the business is a high fixed cost business, which means profits are very sensitive to bring in revenue prolonged period of closure will be devastating we don't expect full capacity anytime soon, some capacity is better than none in shanghai, the government can impose limits. we expect in florida, it will be a similar amount a return to normality or a path to a return is important given the relatively high fixed cost base >> you say some capacity is better than none what are the economics here. what kind of attendance numbers does disney need to see these parks no longer loss making? >> caller: like i said, because i

the shanghai disney park and resort is up and running this morning, but there are several new safety. facemasks and temperature screenings are required for both employees and guests. the themepark will operate at 30% capacity. there are social distancing markers on the ground all over the themepark. this month is the first disney theme park to reopen. >>> a dr. is home again after volunteering to treat coronavirus patients in hard- hit new york. he's a hero. yesterday, coworkers surprised dr. nate beckerman as he headed in for his first shift back at mercy san juan medical center. he spent two weeks in new york city working out of the intensive care unit. even though the surge in the emergency room is over, he called it one of the most trying experiences of his career. >> i think the worst i saw was when the team that had been working with these patients that i joined after that had these patients for a couple of weeks in the hospital, we lost two and less than 24 hours. >>'s coworkers say dr. beckerman deserves a hero's welcome after putting his own health at risk in order to save o

shanghai disney is reopening, but at a third of its capacity with strict social distancing guidelines. some schools in france are set to open tomorrow. now, about that children's illness, officials in france say they've seen similar cases and are taking them very seriously. but there has been very little reporting on the disease since the end of last month here. >> maggie, thank you. >>> here at home, new questions about the safety of flying. all major u.s. airlines requiring passengers and crew to wear masks. but look at this image. this doctor was coming to help patients in new york. nearly every seat full. what that airline is now saying. here's gio benitez. >> reporter: tonight, a viral tweet sparking concern. a doctor shocked to board a packed united flight home after volunteering to treat covid-19 patients in new york. dr. ethan weiss worried about the flight just two days earlier and before that receiving an email from united saying it would automatically block middle seats. >> i'm probably more likely to get infected there than i would be in the icu. >> reporter: united flying

all of this as shanghai reopens disney today. the first time there since january.t. >> reporter: disney cast members lined the street to welcome guests back. reopening monday after 3 1/2 months, it closed as the novel coronavirus ravaged parts of chan. the latest government figures claim far fewer cases, particularly in shanghai. disney felt confident to reopen the gates, limiting admission to 30% kapcapacity or 34,000 guest. they said far fewer guests would be allowed initially. on day one cnn noticed a smaller crowd coupled with several new safety measures. >> we have cast members here monitoring the ques asking guests to maintain social distance at all times. >> reporter: senior vice president of operations says temperature screening starts before guests walk in. all visitors need to register online and book for a specific arrival time to keep from congregating. to enter you must have a green shanghai qr health code. that's the government's way to track potential exposures. inside the park reminder to keep your distance. yellow tape added to lines to attractions

we'll be listening for any kind of clues as to whether or not shanghai disney and disney world and disneynd 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 righ t

nonetheless, it has reopened, thatis nonetheless, it has reopened, that is big news for disney and hugely symbolic for shanghaif perhaps how disney and others in that sector are going to seek to resume their business slowly, gradually, cautiously. absolutely. we will keep a close eye. let's take a look now at some of the other countries around the world that are starting to ease restrictions. here's the latest from our correspondents in turkey, ukraine and switzerland, starting with orla guerin in istanbul. here in turkey, it is the first phase of what has been called a normalisation plan. so shopping malls can reopen, but temperatures will be taken on the way in and numbers will be limited. hairdressers and barbershops are back in business with an appointment system, and some travel restrictions have been lifted. but major cities like istanbul and the capital ankara remained sealed off. weekend curfews are expected to continue. coffee shops and restaurants remain closed. so the tourist sites. turkey is among the top ten countries in the world for confirmed cases of the virus. but the fidelity rate is low. the

increase in infections ins april with 17 new cases but more businesses are returning among them shanghais disney world lead disneyland was welcomed by crowds for the 1st time in 3 months joining you. in the u.s. it's known as the happiest place on earth now disneyland has broken crowds back through its gates in china for the 1st time in months the government here says the corona virus outbreak is now under control and the shanghai theme park is the 1st in the global chain to reopen since the beginning of the health crisis right now here in china and shanghai. conditions are such that we feel with the right measures in place our health and safety goes that we are able to open successfully here this is the numbers are kept at 24000 roughly 30 percent of the pox capacity temperature screenings and social distancing measures also in place that means no selfies with mickey and minnie mouse for now but fears of a 2nd wave of infections did nothing to deter crowds tickets sold out in minutes for our house and hello i feel happy i finally have a place to take my child. analysts say to sell out open day

>> in mainland china, the country where the coronavirus was first detected back in december, shanghai disney reopened this week. with visitors wearing masks and the park requiring new social-distancing measures for added safety. but, after discovering six new coronavirus cases in the original epicenter city of wuhan, authorities vowed to test all 11 million residents for the disease. >> it feels a little bit like two steps forward, one step back. the infection curve flattens. places start to reopen. and, then, unexpected clusters of coronavirus pop up again. >> while some asian countries are gradually reopening schools, shopping malls, and movie theaters, international travel is still largely paralyzed. but that could change. australia and new zealand, two countries on the tazman sea, are discussing a possibility of a bilateral, coronavirus-free travel bubble. >> i would note such a discussion is only possible as a result of both sides to get the virus under control. >> in countries that, so far, escaped the worst of the pandemic, we may be getting a glimpse of what the new normal will look

we saw shanghai disney opening this week.ymakers are giving out subsidies to encourage that consumption with, frankly, mixed results. but still, retail sales are expected to be held back somewhat, because people remain cautious about public gatherings, and you've got a squeeze on real incomes. we talked about bnp paribas' forecast where you may look at 100 50 million people unemployed in china, or furloughed. the official jobless rate is expected to improve to 5.8%, but that only accounts for urban workers, so that is the key caveat. what this means is we are looking for more policy responses and the international people's congress, but for more details on that, the pboc has a more powerful set of policy measures, and we are waiting for those details. a trimming of the medium-term that we would be looking at yesterday. that may happen today as well. the retail sector remains on the pressure -- remains under pressure. emily: tom mackenzie there in beijing. of course, we are awaiting the slew of china numbers. we will get more

one bright spot, shanghai disney reopening on monday.e philippines is off the air. the tv and radio stations closed to comply with a government order after its license expired. they were attacked by rodrigo duterte in the past for allegedly refusing to air his political ads during the 2016 election. the state failed to renew a license, with regulators saying it doesn't have a valid franchise approved by congress. shery: taking a look at what markets are doing at the moment. .9%,e the kospi, gaining every share on the kospi green right now, as the country further eases social distancing measures. do watch out for automakers releasing april sales numbers. the asx 200 under pressure, down rba holdwe had the rates steady. watch out for retail sales, later this month. kiwi stocks gaining ground a third session. first quarter unemployment rate earlier today, coming in at 4.2%. after weres unchanged, sell u.s. stocks gaining for a second day in the new york session. we had sentiment boosted by some economies starting to ease lockdowns. hong kon

meantime while shanghai disney is back open tonight. other parts of china are now back on lockdown in response to reports of new virus cases, 5 of those cases are in wuhan the original epicenter of the epidemic and 11 are in the city of soon on in northeast china. that city is now on lockdown although it is not clear for how long. back in washington house republicans have rolled out a brand new task force to investigate china on a number of issues. >>including the origins of coronavirus our washington correspondent joe khaleel has the story. >>we have learned more about covid and one thing has become very clear. china's coverup directly led to this crisis house republicans say they intend to hold china accountable for its role in the spread of coronavirus today, i'm announcing the republican led china task force. >>republican leader kevin mccarthy says the new task force will investigate the origins of the coronavirus in china and accusations that the chinese government lied to the rest of the world about its severity while they denied

shanghai disney land started the process of reopening why i had.fits dropped a whopping 34%. >>> your jobless benefits will be taxed, not the stimulus. why the most vulnerable still have to pay up. i know for every pizza i deliver that's a trip that family doesn't have to take out of their house. it relieves stress off of me to let me know i'm doing something good for the community, not just papa john's. theand we want to thank times, the extraordinary people in the healthcare community, working to care for all of us. at novartis, we promise to do our part. as always, we're doing everything we can to help keep cosentyx accessible and affordable. if you have any questions at all, call us, email us, visit us online. we're here to help support you when you need us. take care, and be well. to learn more, call one eight four four cosentyx or visit cosentyx.com however, there is one thing you can be certain of. the men and women of the united states postal service. we're here to deliver cards and packages from loved ones and also deliver the peace of min

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disney shanghai, opens doors 30% capacity. mplate on howdies any expects to open rest of the parks. if you expect about a month ago, disney opens the stork in shanghai park, kept the park itself closed. that's exactly what they are doing. here in the u.s. when you look at disney world retail and restaurants first. shanghai disney opens in park, by the way, demand, speak about demand, tickets sold out. opens on monday, advanced tickets completely sold out. stuart: that's the big deal. it looks different but they want to go, sold out in advance, stock up 1.07 for disney. we have news on credit card company. lauren, do you have the story? lauren: we are looking at consumer borrowing, credit card use fell 30% in march, most since 1989. this indicates two things, change in consumer behavior. if you're not borrowing money you're clearly not spending money. why that is worrisome, if you're not spending money, that's speaking of job losses, more companies might have to close their doors and lay off workers, however, on the positive sid

. >> shanghai disney will be opening tomorrow after being shut down for more than three months.epare temperature screening stations for disinfected facilities. despite fears about the virus, they have sold out. the chinese government steadies ney to cap at 30% capacity in the parking lot but they are planning to open the park far below that. a plan to reopen san francisco restaurants while maintaining social distancing between customers. details on the el fresco agenda. >>> governor knew some's order draws an ap gry reaction from the president. >>> this is kpix5 news. >>> welcome back to kpix 5 this morning. the time is 6:30. i'm devin fehely. we'll start with a check of the weather with darren. >> devon, i have a couple take away headlines from the weather. first, cloudy out there again today. not just for the immediate bay. today it is everywhere. it is getting inland. if you're in contra costa county, livermore, you guys are waking up to a cloudy start. another headline is, there is still rain in the forecast and it gets here for tomorrow second half of the day and those show

reporter: in mainland china, the country where the coronavirus was first detected back in december, shanghai disneyned this week with visitors wearing masks and the park requiring new social distancing measures for added safety. but after discovering six new coronavirus cases in the original epicenter city of wuhan, authorities vowed to test all 11 million residents for the disease. it feel s a little like two stes forward, one back. infection curve flattened places start to reopen and then unexpected clusters of coronavirus pop up again. while some asian countries are gradually reopening schools, shopping malls and movie theaters, international travel is still largely paralyzed, but that could change. australia and new zealand, two countries on the tasman sea are discussing the possibility of creating a bilateral coronavirus-free travel bubble. >> i would not. such a discussion is only possible as a result of the world leading results on both sides of the world to keep the virus under control. >> reporter: in countries escaping the worst of the pandemic. we may be getting a glimpse of what the new

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

shanghai disney land sold out of tickets in minutes. etch has to wear a mask, pass through a temperature screening and maintain social distancing. disney is the parent company of abc 7. >>> it will be a while before local schools reopen. a group of oakland students created a music video with a simple but powerful message for protecting one's self from covid-19. here's how they did it while remaining in isolation. >> reporter: teenagers talking to teenagers is always a winning formula, especially in times of uncertainty. >> i see more younger people going outside. they don't want to stay inside, i feel like people are really bored. they just want to do whatever they want. >> reporter: the nearly two-minute video was created by oakland unified high school students who worked with the nonprofit youth beat, a multimedia program. >> we quickly encouraged the students to look around them and create media that would hopefully be informative and entertaining for youth and other folks during this trying time. >> reporter: each student worked inde

the people who work at disney world. >> lee, starting monday we're going to have our eyes on shanghai disneyey're going to run about a third of capacity. they're going to have masks and temperature checks and they're using this government issued qr code i wonder, can we look at that and sort of take it as a proxy for how north america might reopen or not? >> i don't think so. i think each place has to be different. there's a different feeling about it the public is different. the culture is different in china than it is in paris, than it is in japan it will be different each culture is different. i think that's one thing disney learns is pay attention, respect the culture and make your moves based on that, of what the expectation of that culture is >> lee, disney's workforce has been hit hard by this as well. you're looking at furloughs and potentially cuts what do you think is important for disney to do from here as they look to ramp operations back up and employees might be wondering what the commitment is to them >> yeah, i -- you know, that's always the hard -- you know, they say there's

. >>> happening now for you the shanghai disney theme park is open after being closed at the beginning of the year due to covid-19. it's the first among disney parks around the world to officially reopen for business and one-third of normal capacity. tickets were sold out in minutes. >> we're tracking your money on this monday morning. next on "today in the bay," a look at the key deadline for those still waiting for their federal stimulus check and check this out, a bobcat roaming the streets. coming up the neighborhoods that are now on alert. >>> and welcome back. >>> 6:57 on your monday morning. welcome back. here are the top stories we're following for you on "today in the bay." >> and we are learning more about a bay area baby that may have been one of the first children in the u.s. linked to a rare covid-19 related disease. the american academy of pediatrics says in addition to coronavirus that infant was also diagnosed with kawasaki disease. this is before any shelter at home orders were put into place, about 100 children nationwide have received similar diagnosis. medical exper

we are waiting the shanghai reopening of disney. the second quarter when profits plunged by half. the biggest to division is the parks. we await that reopening. markets coverage continues as we look ahead to the start of trading hong kong, shanghai and shame john. this is bloomberg. [please stand by] ♪ these days staying connected is more important than ever. so we're working 24/7 to maintain a reliable network, to meet your growing internet needs. we're helping customers who are experiencing financial difficulties stay connected. we're increasing internet speeds for low income families in our internet essentials program. and delivering self-install kits to your door. nos comprometemos a mantenerte conectado. we're committed to keeping you connected. for more information on how you can stay connected, visit xfinity.com/prepare. welcome to bloomberg markets china the chinese mainland and hong kong. introduce moreto power for stimulus to counter the virus threat to the economy. the country faces an unprecedented challenge. more natio

even more when you add the social distancing like you see in the pictures of the newly opened shanghai disney. everyone is one meter apart. make them 6 feet apart it's even better we can order more masks. i wish we had the really good ones we get the ones -- we don't have enough guidance from washington, particularly the cdc for example, my restaurant, we're mostly planning to take the tennessee pledge on table distance no bar, aggressive questioning about illness, temperature when you come in. financially the tennessee plan is a recipe for disaster, but it's all we got, and that's why we need another stimulus bill to get smaller restaurants through this period. thank you, guys. i don't expect the strong economy for ages i'm betting on a view with that bottom part being longer than most people like when you were right writing cursive. that's a term. even a "u" might be out of reach without a strong set of rules from washington to give businesses a clear sense of what they need to do to open safely they just need some advice why do i suddenly think reopening is a bad idea? i have near must res

july first, neither resort has given a projected date for the actual theme parks to reopen but shanghai disney is opening its gates again on monday may 11th. in new york city n y p d releasing new data showing 81% of those who are issued summonses for social distancing violations were people of color. the release of the data comes after violent altercations between the public and police. >>have been caught on video on tuesday, this week democratic representative jeffries tweeted video of what he called aggressive social distancing enforcement in east brooklyn. the brooklyn da's office released its own social distancing data on thursday which showed 40 distancing arrests in brooklyn between march 17th in may 4th of those 40 35 were black people for worse panic people. one was white brooklyn district attorney eric gonzalez declined to prosecute all 40 arrests saying earlier in the week that it should be a last resort gonzales called images like these disturbing. >>time now to buy it's been a tea making it easy to access all your favorite entertainment at >>well today is the day when teens could

>> i don't think disney knows yet but they're certainly watching shanghai. i reviewed all the things shanghai was doing on a video they made and it was pretty impressive attention to details and how they were going to enforce it. so, i think probably that hang high experience could be good for everybody in the world to take a look at because they really put together a good plan because they don't want this to fail this has to go well. i think we'll just see one day at a time how things go in the u.s. with all these stores and restaurants opening here in orlando and around the world measure it one day at a time, i believe. >> you know, i mentioned earlier in the show, i put on twitter asking people, what's economic activity like in your area a lot of people said it was strong but still a lot of people without masks on where it was not required by law. in new jersey to employ into a store, you have to have a mask on i get the feeling people are used to it it feels funny at first and then you forget you have them on. americans like to do what they want to do if