Coronavirus and Walt Disney World general discussion

[Disstevefan1]

Perhaps this has been mentioned before, but I'm curious what the consensus is on prices at WDW once the coast is clear. I'm expecting something not unlike the post-9/11 tourism crash, so the insane prices of 2019 are just not going to fly anymore if they want butts in monorail seats. So many people who could afford it, or barely afford it, are out of work, took a pay cut, or will just be too anxious about traveling for a while after it's safe to do so. That's a big hit for The Mouse.

Looks like business as usual, they just released some menu changes and price increases, one example is a hamburger for $19.

 

[GoofGoof]

Can you provide further details?

I called the cops on these guys...but only because I’m an Eagles fan

Cowboys Dak Prescott, Zeke Elliott Party During Quarantine, Cops Check it Out

Ezekiel Elliott and Dak Prescott are partying like it's NOT 2020 in the middle of a pandemic -- hanging together for a celebration that appears to violate the Texas "safer-at-home" order.

www.tmz.com

 

[GoofGoof]

This is disgusting. Why couldn't they have just GIVEN HIM A MASK?

I can see both sides. The bus driver has to show up for work every day and put himself and his family at risk. We have no idea if he is in the high risk group or has immediate family members who are. If the rules are that you have to wear a mask to ride the bus then I don’t blame the driver for calling the cops. He did exactly what he was supposed to do. I also credit the police for not arresting the guy or charging him with anything. They removed him and de-escalated the situation. No need for additional charges. SEPTA did change the rules after that incident. They are now strongly encouraging masks but not requiring them to ride. People just need to remember that the mask isn’t for your benefit it’s to prevent you from infecting others. Essential workers like bus drivers are at high risk.

In reference to WDW, I think this shows you exactly why requiring masks isn’t going to work. The first time a person gets dragged off a bus or barred from the Magic Kingdom there will be a viral video and tons of people supporting the person who is breaking the rules. As others have said already, the culture here is different than parts of Asia where they are requiring masks. Too many people here will simply ignore the rules or refuse to follow them.

 

[Lilofan]

I never said other businesses didn't do it. I simply made the point that they do this type of thing and it shows that they don't give a rat a** about the employees only the bottom line. In that respect you can be assured they will try to get the CM's for as little as possible and work them as hard as possible.

Keep labor costs low, maximize efficiency and productivity to maximize profits. That is business ownership 101. If Disney did not care about their staff, they would not have paid them a full salary for 5 weeks to stay at home. All that work they pay into the unemployment system, they could have furloughed them in the middle of March.

 

[Mander]

A number of schools were already offering full credit online courses before this began.

Those courses were already pretty popular, we might see that trend continue next year in higher ed.

Sure, there will always be those who want online programs and they work well for certain things. I don't think you'll see them replace in person instruction though. You lose a lot when not in class. They are also best suited for a strong, self-motivated student who can get things done without the structure on campus classes provide. Some classes are next to impossible to do online. The strongest programs at the school I'm working at are Nursing, Engineering, and sciences like Environmental Science, Fisheries & Wildlife, etc. We also have growing Fire Science program. Those are incredibly difficult programs to do well online. We're managing but it's far from ideal.

Add that to the reaction we're getting from our students, which is predominantly negative. Even the positive feedback is "this is fine for now but I look forward to being back on campus". Now, our school did not have a strong online program to start with, so that set us back a bit compared to others.

 

[Communicora]

You're still missing the political and cultural differences between the two countries and citizen action as a result. There's a reason why lockdown/ stay at home looks radically different in comparison.

There are a number of people in the US that will automatically not wear masks, just because it comes as a recommendation from the government.

In reference to WDW, I think this shows you exactly why requiring masks isn’t going to work. The first time a person gets dragged off a bus or barred from the Magic Kingdom there will be a viral video and tons of people supporting the person who is breaking the rules. As others have said already, the culture here is different than parts of Asia where they are requiring masks. Too many people here will simply ignore the rules or refuse to follow them.

IF mask wearing becomes the norm and the law, people who don't want to wear masks will have to learn to get used to not being able to go places they would like to go to. Rather like smoking. It was a huge deal when it was banned in restaurants and other public places, but most people support these rules now and look down on people who don't follow them.

 

[GoofGoof]

IF mask wearing becomes the norm and the law, people who don't want to wear masks will have to learn to get used to not being able to go places they would like to go to. Rather like smoking. It was a huge deal when it was banned in restaurants and other public places, but most people support these rules now and look down on people who don't follow them.

A majority of people do support it, but you can already see from the small sample in this thread that some are against it. I think it depends on how things go.

 

[Horizons '83]

Looks like business as usual, they just released some menu changes and price increases, one example is a hamburger for $19.

That was debunked, the burger at Ale & Compass was $18 bucks since 2018. The poster thought that it was $13 dollars their last visit.

 

[Lilofan]

Anything that refers to the 'ChiCom virus' cannot be taken seriously and shouldn't even be read.

When the virus was named the Coronavirus, some gifted individuals with a few loose screws thought it originated by drinking Corona beer and the beer company suffered a loss in Corona beer sales.

 

[GoofGoof]

When the virus was named the Coronavirus, some gifted individuals with a few loose screws thought it originated by drinking Corona beer and the beer company suffered a loss in Corona beer sales.

I heard Corona beer was the cure. I drank a 12 pack just in case...just got a headache the next day

 

[Slpy3270]

If Disney does 100K+ job cuts post-corona expect the company's brand reputation to be irreparably damaged.

Besides that, someone is obviously lying about the impact the virus is having on the company. Media analysts and reporters are calling doomsday and saying the company is in dire financial straits without even having any earnings reports or credit rating downgrades to prove it, simply pointing at furloughs, debt offerings and executive pay cuts to prove it. Others are saying that the company's balance sheet is stable, that they have the cash to whether the storm (then what's with the layoff talk?) and will rebound quickly once the crisis passes.

Both camps cannot be right.

 

[peter11435]

When the virus was named the Coronavirus, some gifted individuals with a few loose screws thought it originated by drinking Corona beer and the beer company suffered a loss in Corona beer sales.

The Coronavirus name has been around for half a century. So technically it wasn’t that the virus was named that but rather people suddenly gained some intelligence on the subject.

 

[Kristamouse]

What part of Arkantuckyvania do you live in??


Anyway...I’ve noticed (unfortunately I’ve been deemed “essential”) the last week and half to now that it’s very much locked down. Not perfect but not awful. Hot zone may do that for you

I live in the Tucky part...FYI we are doing an excellent job.

Poll: Kentucky takes No.1 spot for response to coronavirus

 

[Kamikaze]

When the virus was named the Coronavirus, some gifted individuals with a few loose screws thought it originated by drinking Corona beer and the beer company suffered a loss in Corona beer sales.

Its still a novel (as in new) form of coronavirus. It was never 'named' that. It is just referred to as such. The proper name is COVID-19. The original name was nCoV-2019 (novel COronaVirus discovered in 2019) which then switched to SARS-CoV-2 (Severe Acute Respiratory Syndrome COronaVirus 2) before becoming COVID-19 (COronaVIrus Disease discovered in 2019). Just calling it coronavirus is for simplicity's sake. There have been different coronavirii for thousands if not millions of years.

And Corona beer should lose sales because it tastes like absolute garbage, but not because it started a pandemic. But those brain giants are the same people saying things like 'ChiCom virus' which is my point exactly.

 

[peter11435]

If Disney does 100K+ job cuts post-corona expect the company's brand reputation to be irreparably damaged.

Besides that, someone is obviously lying about the impact the virus is having on the company. Media analysts and reporters are calling doomsday and saying the company is in dire financial straits without even having any earnings reports or credit rating downgrades to prove it. Others are saying that the company's balance sheet is stable, that they have the cash to whether the storm (then what's with the layoff talk?) and will rebound quickly once the crisis passes.

Both camps cannot be right.

Both camps have biases and both camps can benefit from the information they distribute.

I haven’t seen 100k jobs cut mentioned anywhere. Obviously there will be and will need to be reductions but that number seems very excessive.

 

[Sirwalterraleigh]

I live in the Tucky part...FYI we are doing an excellent job.

Poll: Kentucky takes No.1 spot for response to coronavirus

That’s a highly subjective response. But bravo nonetheless.

 

[Lilofan]

If Disney does 100K+ job cuts post-corona expect the company's brand reputation to be irreparably damaged.

Besides that, someone is obviously lying about the impact the virus is having on the company. Media analysts and reporters are calling doomsday and saying the company is in dire financial straits without even having any earnings reports or credit rating downgrades to prove it. Others are saying that the company's balance sheet is stable, that they have the cash to whether the storm (then what's with the layoff talk?) and will rebound quickly once the crisis passes.

Both camps cannot be right.

Disney would not pull an Enron and fudge the earnings report numbers so let's see what the Disney CEO and CFO have to say on the next public earnings call with Wall Street. It would be first conference call with Chapek as CEO. Wall Street will demand to know what is Disney's road out of this mess. If the words restructure, consolidate and synergy are used, that's not a good sign with peoples current employment.

 

[Slpy3270]

Both cams have biases and and both camps can benefit from the information they distribute.

I haven’t seen 100k jobs cut mentioned anywhere. Obviously there will be and will need to be reductions but that number seems very excessive.

That was obvious speculation, but Iger's statement about "running businesses more effectively" post-corona should've raised a lot of alarm bells and put the sentiment that the company will get through the other side a rebound quickly without major damage in question.

 

[lazyboy97o]

Its still a novel (as in new) form of coronavirus. It was never 'named' that. It is just referred to as such. The proper name is COVID-19. The original name was nCoV-2019 (novel COronaVirus discovered in 2019) which then switched to SARS-CoV-2 (Severe Acute Respiratory Syndrome COronaVirus 2) before becoming COVID-19 (COronaVIrus Disease discovered in 2019). Just calling it coronavirus is for simplicity's sake. There have been different coronavirii for thousands if not millions of years.

And Corona beer should lose sales because it tastes like absolute garbage, but not because it started a pandemic. But those brain giants are the same people saying things like 'ChiCom virus' which is my point exactly.

COVID-19 is the disease caused by the SARS-CoV-2 virus.

 

[GoofGoof]

If Disney does 100K+ job cuts post-corona expect the company's brand reputation to be irreparably damaged.

Besides that, someone is obviously lying about the impact the virus is having on the company. Media analysts and reporters are calling doomsday and saying the company is in dire financial straits without even having any earnings reports or credit rating downgrades to prove it. Others are saying that the company's balance sheet is stable, that they have the cash to whether the storm (then what's with the layoff talk?) and will rebound quickly once the crisis passes.

Both camps cannot be right.

The sell side analysts are mostly who you are hearing from. These analysts don’t represent the actual shareholders they work independently and sell their advice to other investors. These are the people you typically hear asking questions on an earnings call. The analysts that work directly for the institutional shareholders generally don’t share their opinion and usually ask most of their questions privately. They will either call investor relations or if they are a large enough shareholder they call the CFO or even the CEO directly. You generally only know their thoughts by seeing whether they buy more shares or dump what they have.

On job cuts, the majority are parks and resort workers who are furloughed. They didn’t cut 100K jobs. Anyone calling doomsday is probably looking for clickbait.