On July 12th, Disney (NYSE:DIS) reopened Disney World to the public. Unfortunately, we have limited information about how many tickets were sold and what percentage of normal traffic is being experienced. All we know is it wasn't a grand opening. Only two theme parks (Magic Kingdom and Animal Kingdom) were opened while the other two (Epcot and Hollywood Studios) will follow on July 15th.

Almost at the same time (July 13th), Hong Kong Disneyland announced its closure as more COVID-19 cases surged and two Division I conferences (Ivy League and the Patriot League) cancelled all fall sports (yes, including football). While cases are surging throughout the U.S., we can expect much uncertainty around amusement parks, movie theatres and cruises. Yes, those are all part of Disney's income sources.

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