It is a big bet disney is starting off slow with the Magic Kingdom and animal kingdom, two of its five orlando parks with limited capacity. This is a very big deal for disney to start the staged reopening of disney world after closing both of its domestic parks on march 14th. Yesterday it started reopening downtown disney. Thats the outdoor mall by its anaheim park it mandated masks and social distancing there this is an important moment for disney parks and resorts which last year was the largest with Revenue Generating about 35 of revenue in 2019. Its estimated disney lost more than a billion dollars between april and june at those domestic parks because of those closures. The opening of disney world will be a key test of what consumer demand for the parks could look like especially since disneys orlando park sees more traffic from out of state visitors than the california parks which are smaller. Obviously the anaheim park has less guests that stay overnight where orlando has a big
The action begins right now. Lets get right to it. It was the best day of the year for the dow, despite the rally there are signs in the bond market that not everyone is getting on board. Lets get on the money right now. What do you make of it . I think in an environment weve been in, we have banks moving, they like the fact that rents have gone up but havent moved up a lot of late. You have a 10year yield at 2. 5 but theyve both been basing for all intents and purposes and they could move together on a breakout higher. To me i think the problem you have here though is that theres nothing out there in the week we saw the fed that suggests that these guys are going to get hawkish too quickly. Its set up for something youre looking at. I dont know about the fed getting hawkish the fed really will influence the shortened of the curve probably more than the long end. When people are worried what the longer rates are going to do, were looking Economic Growth and deflation. We have a pretty
Turned a has not profit and is losing more money than it is making. With me is our tech editor ari leavy as well as leslie picker in new york. Skype is thea director of a financial resource company. Francis, what is your top line take on these numbers . I look to a lot of the Cloud Companies focused on enterprise software. I look at the Quarterly Earnings , loss, and sales. For the most recent quarter, they had less than 40 million in revenue. Their loss was more than 40 million. They are riding the wave of the Cloud Company hysteria. I think it is premature. I did speak to aaron leavy, the ceo of box, about the timing of the ipo. He has always said 2014 is the year. Take a listen to a portion of that interview. Ipo is on the path. You told us 2014. Are you still on track for that . I have said words like it could happen that year. I think i would still use those words. He is one of the more colorful ceos in the tech community. Ari, what do you make of the timing is to mark why now . T
Here why he says he is obsessed with transportation later on this hour. A check of your top tech headlines, the completion of nokias sale of its handset business to microsoft has been delayed until next month. It has been delayed so asian the 7. 5rs can review billion dollar transaction. 15 companies have already approved the deal. The Chinese Government is demanding answers from the u. S. After reports that the nsa hacked into the servers of chinese networking giant huwawe. Snowden showedward the nsa obtained information about how the network works. It also alleges the nsa monitor the communication from whole all huaweiom hallway from executives. Beijingbased vircurex has frozen all User Accounts and last month the Larger Exchange file for bankruptcy. New analysis of satellite data indicating that Malaysian Airlines flight 370 went down in a remote part of the southern indian ocean. Data calculations were conducted by the british Satellite Company to reach this conclusion. Still no co
Dancing with the stars. Big time rush star james maslows salsa sent him to the top of the leaderboard, where he joined olympians meryl davis and charlie white. And a big twist from the judges, who sent home two couples. Theyre both here live this morning. And we do say good morning, america. On this tuesday morning. Great to have josh by my side. George taking a little time off. Amy here, as well. And the search is ongoing. One australian official said it best, were not searching for a needle in a haystack. Were still trying to define where the haystack is. There are currently 12 aircraft and 1 vessel on site. Four more on the way this morning. The airlines now offering the families compensation of 5,000 per victim. As the search really changed in its sense of technical precision. The rough weather and that very remote part of the planet is causing officials to call off the search today. Abcs david kerley following all of this from day one had all the developments overnight. David, goo