Disney profits sink due to Covid-19 pandemic; while Disney+ subscribers up from 26.5 million to 33 million

Disney profits sink due to Covid-19 pandemic; while Disney+ subscribers up from 26.5 million to 33 million

Disney (NYSE: DIS) reported Q2 2020 earnings after the bell on Tuesday; the company estimates a loss of more than $1 billion as it closed its parks, movie releases and reduced advertising sales. The biggest loser was the theme parks, some of which have been closed since January. Operating income there fell to $639 million, from $1.5 billion in the same period the year before. 
Weekly Global Market Update: May 04-08

Weekly Global Market Update: May 04-08

The main focus will be on the Coronavirus updates, Bank of England rate decision, Reserve Bank of Australia interest rate decision and US Non-Farm Payrolls. Apart from this, a new round of the trade war is a very significant factor in the current macroeconomic picture.