Zombie The Coronavirus Financial Thread (Personal, Local, National)

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Disney to lay off 28,000 employees as coronavirus cripples its theme parks business
  • The announcement was made in a letter to employees Tuesday from Josh D'Amaro, Disney's head of parks, who described the move as a 'difficult' decision
  • The layoffs have been made to workers within Disney's parks, experiences and products segment - accounting for 25 percent of Disney's US resort workforce
  • Around 67 seven percent of the 28,000 layoffs were part-time workers, but they ranged from salaried employees to nonunion hourly workers
  • While the company has been able to operate its Florida park at limited capacity, its resort in California has remained shuttered since the spring
https://www.dailymail.co.uk/news/ar...ronavirus-continues-decimate-theme-parks.html
 
SlyPokerDog said:
Disney to lay off 28,000 employees as coronavirus cripples its theme parks business
  • The announcement was made in a letter to employees Tuesday from Josh D'Amaro, Disney's head of parks, who described the move as a 'difficult' decision
  • The layoffs have been made to workers within Disney's parks, experiences and products segment - accounting for 25 percent of Disney's US resort workforce
  • Around 67 seven percent of the 28,000 layoffs were part-time workers, but they ranged from salaried employees to nonunion hourly workers
  • While the company has been able to operate its Florida park at limited capacity, its resort in California has remained shuttered since the spring
https://www.dailymail.co.uk/news/ar...ronavirus-continues-decimate-theme-parks.html
Click to expand...
between this and their cruise line they have absorbed a considerable hit from the virus
 
SlyPokerDog said:
Disney to lay off 28,000 employees as coronavirus cripples its theme parks business
  • The announcement was made in a letter to employees Tuesday from Josh D'Amaro, Disney's head of parks, who described the move as a 'difficult' decision
  • The layoffs have been made to workers within Disney's parks, experiences and products segment - accounting for 25 percent of Disney's US resort workforce
  • Around 67 seven percent of the 28,000 layoffs were part-time workers, but they ranged from salaried employees to nonunion hourly workers
  • While the company has been able to operate its Florida park at limited capacity, its resort in California has remained shuttered since the spring
https://www.dailymail.co.uk/news/ar...ronavirus-continues-decimate-theme-parks.html
Click to expand...

I'll probably hit it up if they do limited entry with a low capacity. Hate the fucking crowds out there.
 
SlyPokerDog said:
Disney to lay off 28,000 employees as coronavirus cripples its theme parks business
  • The announcement was made in a letter to employees Tuesday from Josh D'Amaro, Disney's head of parks, who described the move as a 'difficult' decision
  • The layoffs have been made to workers within Disney's parks, experiences and products segment - accounting for 25 percent of Disney's US resort workforce
  • Around 67 seven percent of the 28,000 layoffs were part-time workers, but they ranged from salaried employees to nonunion hourly workers
  • While the company has been able to operate its Florida park at limited capacity, its resort in California has remained shuttered since the spring
https://www.dailymail.co.uk/news/ar...ronavirus-continues-decimate-theme-parks.html
Click to expand...
tenor.gif
 
Time to short the market. :NOTMARIS:

If Trump's health declines at all, market will free fall. Probably early next week if it happens.
 
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the trickle down that doesn't, I guess offshoring isn't over like the president claimed, jobs leaving at the same rate as 2019.
Since Trump’s inauguration on 20 January 2017 to 31 July 2020, over 308,000 workers have been certified for trade adjustment assistance benefits. Trump campaigned on promises to stop offshoring, and workers at companies that have shut down or scaled back operations, including AT&T, Carrier in Indiana, Siemens in Iowa and Nabisco in Illinois, have criticized the lack of support for workers once he took office.
“We cannot simply turn around offshoring by doing what the current administration has done: tweeting out tariffs and issuing executive orders ‘encouraging’ companies to use domestic sourcing,” Herrnstadt argued.
US corporations continue sending jobs abroad during pandemic
Despite Trump’s claim that the era of offshoring US jobs is ‘over’, 37,000 workers had their positions sent overseas in three months


https://www.theguardian.com/busines...tions-sending-jobs-abroad-offshoring-pandemic
 
the economy is going to look a lot different when/if we finally crawl out of the Covid hole
 
EL PRESIDENTE said:
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Hawaii island mayor harry kim opted out of waving the mandatory 14 day quarantine siting shortages of available testing here on hawaii. we have had several recent clusters impact the community including 31 today@life care center of hilo, and 27 deaths resulting from hilo veterans care facility, yukio okutsu state veterans home within last month. monies for aditional testing were in the house bill, and new proposal.
 
Me wondering if there are any Trump supporters left with any logic to realize that the only way Trump and the republicans could “immediately pass a stimulus bill following an election win” after its been on the table for months - is because the republicans have been the ones blocking it all along.

Just another obvious and pathetic deceptive ploy to try and garner more votes.
 
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