Disney's dilemma, snack sales surge, WeWork's path to profitability and a cruise line crunch

Disney is closing its Hong Kong theme park just as Disney World reopens, Pepsico shares pop after beating earnings estimates and a surge in its snack sales, WeWork's Executive Chairman says it expects profits and positive cash flows in 2021 and Carnival is trimming 13 ships from its fleet amid a virus slowdown...all in the latest edition of Rapid Fire! For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Hong Kong Disneyland will once again shutter its gates after a spike of new coronavirus cases in Hong Kong.

The park had reopened less than a month ago after closing in January during the first surge of Covid-19 cases in the region. Guests and staff were required to wear face masks, social distance and submit to temperature screenings upon entering the park.

Hong Kong’s government decided to limit group gathering to four people from 50, a measure last seen in March. Twelve different types of businesses, including gyms and gaming centers, are being forced to shutdown for a week and restaurants will only be allowed to give out takeaway after 6:00 pm.

“As required by the government and health authorities in line with prevention efforts taking place across Hong Kong, Hong Kong Disneyland park will temporarily close from July 15,” Disney said in a statement Monday. “The Hong Kong Disneyland Resort hotels will remain open with adjusted levels of services. They have put in place enhanced health and safety measures that reflect the guidance of health and government authorities, such as social distancing measures and increased cleaning and sanitization.”

The news of the park’s closure comes as Disney’s Magic Kingdom and Animal Kingdom reopened in Orlando, Florida on Saturday. Epcot and Hollywood Studios are scheduled to reopen on Wednesday. All of the Walt Disney World parks had been shuttered since mid-March.

Disney is one of the last theme parks to reopen in Florida. Universal Studios and SeaWorld previously reopening in early June.

» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC

#CNBC
#CNBCTV

Видео Disney's dilemma, snack sales surge, WeWork's path to profitability and a cruise line crunch канала CNBC Television