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
Inflation at the highest monthly level since two thousand and twelve figures released today by the u. S. Labor Departments Bureau of labor statistics or b. L. S. Show an increase of two point six percent for the month surpassing consensus expectations closer two point two percent officials at major russian oil and Gas Producers are reportedly taking a hard line with Foreign Oil Companies over twenty one thousand oral Contract Energy firms in russia the third and fourth largest are pressing foreign buyers to use euro zone for payment instead of u. S. Dollars to avoid entanglement in u. S. Sanctions that companies are also pressing their form customers to agree to pay penalties in the event further u. S. Sanctions prevent the sales from occurring according to reuters news of the latest the dept of response to u. S. Oil sanctions comes after a similar sanctions against iran went into effect this week the effect of those sanctions is likely to increase pressure on. Outside of Oil Companies
Setback to u. S. Chinese trade relations. In other china news the American Express company has become the first u. S. Based Credit Card Company to be granted permission to operate in China China Central Bank took ten years to approve the proposal from American Express and only did so with a fifty fifty joint Venture Partnership split with a chinese firm the lingling group the partnership will operate as express Technology Services company the green light gives amex a head start over competitors a master card and visa of course who are still seeking approval of similar proposals meanwhile authorities have given amex fifteen months to set up a network to clear payments with chinese financial and Technical Partners amex will need a second nod from officials to begin full operation. Jumping back across the pacific back to amex his home country the us producer. Price index indicated october inflation at the highest monthly level since two thousand and twelve figures released today by the u.
A master card and visa of course who are still seeking approval of similar proposals meanwhile authorities have given amex fifteen months to set up a network to clear payments with chinese financial and Technical Partners amex will need a second nod from officials to begin full operation. Jumping back across the pacific back to amex his home country the us Producer Price index indicated october inflation at the highest monthly level since two thousand and twelve figures released today by the us labor Departments Bureau of labor to specifics or b. L. S. Show an increase of point six percent for the month surpassing consensus expectations closer two point two percent officials at major russian oil and Gas Producers are reportedly taking a hard line with Foreign Oil Companies over twenty one thousand pond tracks energy firms in russia the third and fourth largest are pressing foreign buyers to use euro zone for payment instead of u. S. Dollars to avoid intel. Lament in u. S. Sanctions tha