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Options Action: Theme parks will play big role in Disney results
  + stars: | 2023-05-05 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: Theme parks will play big role in Disney resultsMike Khouw, Optimize Advisors president, joins CNBC’s Melissa Lee and the Options Action traders to preview Disney earnings ahead of next week's quarterly results.
In “Common Ground,” Ms. Anderton, 60, makes the point that while Los Angeles may seem like a sprawling breeding ground of American dream houses set in gardens, it has an equally compelling history of shared real estate that continues to this day. Perpetual sunshine has allowed the city’s multifamily housing to be opened to courtyards and parks and festooned with exterior staircases and balconies, breaking the stolid blocks of traditional apartment houses and fostering social connections. As contemporary architects and developers work to relieve Los Angeles of its vicious housing scarcity — almost 42,000 people in the city are currently unhoused — “Common Ground” shows examples of affordable multifamily buildings that look like anything but. Real estate development is never a walk in the park, but because some relief from the city’s draconian restrictions is granted to creators of affordable housing, this area has attracted design innovators working with progressive developers who are committed to righting decades of inequities created by exclusionary housing policies. For this reason, many of the projects that “Common Ground” highlights make the most out of the least: those with oddly shaped lots, peripheral locations and components produced in factories.
Statements in DeSantis' bestselling memoir may hold the proof Disney needs to win its case. Ron DeSantis may have inadvertently handed Disney key evidence it needs to beat him in their escalating legal and political battle. In addition to supporting legislation against Disney, DeSantis has also frequently and fervently railed against the "woke" company. Ron DeSantis is again going after Walt Disney World, after the company launched a stealth power play. Executive Office of the Governor, State of FloridaAs promotion for his memoir, DeSantis also penned a February Wall Street Journal editorial entitled "Why I Stood up to Disney."
Among the index's biggest losers were Disney , American Express , Goldman Sachs and Boeing . Here are the top 10 names with the largest upside to the average price target, according to data pulled from FactSet. American Express can rally 23.5%, while Goldman Sachs has 21% upside, according to analysts' average price targets. AXP YTD mountain American Express year to date Last month, American Express reported an earnings miss for the first quarter, but its revenue beat expectations, per Refinitiv. Goldman Sachs, however, missed on revenue thanks to a $470 million loss on the partial sale of its Marcus loans portfolio.
South Africa’s most epic hikes
  + stars: | 2023-05-03 | by ( Joe Yogerst | ) edition.cnn.com   time to read: +11 min
Here are nine of South Africa’s best multiday backpacking trails:Otter TrailThe coastal Otter Trail takes in some of South Africa's most beautiful coastline. South African TourismSouth Africa’s oldest (established in 1968) and most celebrated hiking route, the Otter Trail runs along the Eastern Cape coast between Storms River Mouth and Nature’s Valley in Garden Route National Park. South African TourismSummit the legendary Drakensberg escarpment on a vertiginous route that rises high above Thendele Royal Natal National Park in KwaZulu-Natal province. Distance: About 25 kilometers (16 miles)Time: 2 daysInfo: hikingsouthafrica.co.za/kgaswane-summit-trail/Tsitsikamma TrailThe Garden Route National Park is an advenure sport paradise. Each traverse takes seven to 10 days during the South African spring (September-November).
BRUSSELS, May 3 (Reuters) - Russia may sabotage undersea cables to punish Western nations for supporting Ukraine, NATO's intelligence chief warned on Wednesday, as the alliance boosts efforts to protect undersea infrastructure following the Nord Stream attacks. "There are heightened concerns that Russia may target undersea cables and other critical infrastructure in an effort to disrupt Western life, to gain leverage against those nations that are providing security to Ukraine," David Cattler told reporters. As concerns grow over the security of undersea cables, Western countries are setting out to turn the North Sea into a green power engine, planning a spate of new wind parks that will be linked to the mainland by cables. Other undersea cables transport some 95% of internet traffic around the world at speeds of about 200 terabytes per second, with 200 of these 400 cables deemed critical, according to NATO. NATO significantly increased the number of ships patrolling the North and Baltic seas after the Nord Stream blasts, and established a Critical Undersea Infrastructure Protection Cell to improve cooperation with industry, capitals and experts.
Tiffany Baker and her husband have lived and traveled all over the world with their three children. But they moved back to Terre Haute, Indiana, a city of about 60,000 an hour from Indianapolis. Tiffany: We love living overseas and traveling to experience new places, but nothing beats living in Terre Haute, Indiana. The Baker Family in Terre Haute. Living in Terre Haute allows us to use our money and time to do whatever we want, whenever we want.
The great room has a living area, a dining area, and a kitchen, with massive windows that frame cliff and ocean views and let in California sunshine. The living area. Courtesy of DveleThe home came with major appliances and Mills then furnished the rest after its arrival.
Bank of America upgrades Pearson to buy from underperform Bank of America said the selloff in the British education company is overdone. Bank of America upgrades Cogent to buy from underperform Bank of America upgraded the internet services provider and says it sees "new sales growth." Bernstein upgrades Marriott to outperform from market perform Bernstein said the hotel giant has the "highest quality" earnings stream. " Evercore ISI reiterates Wells Fargo as outperform Evercore said it's sticking with the larger banks as regional concerns continue. Berenberg upgrades HSBC to buy from hold Berenberg said in its upgrade of the UK bank that it's "structurally attractive."
'Some Like It Hot' leads 2023 Tony nominations
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +1 min
May 2 (Reuters) - Film-turned-musical "Some Like It Hot," led the nominations announced Tuesday for the 2023 Tony awards, the highest honors in American theater, followed by "& Juliet," "New York, New York," and "Shucked." "Kimberly Akimbo," and a revival of "Sweeney Todd: The Demon Barber of Fleet Street," also topped the list of nominations by production for the 76th annual awards, according to a statement from the Tony Awards committee. Best new musical nominees were "& Juliet," "Kimberly Akimbo," "New York, New York," "Shucked" and "Some Like it Hot," with "Sweeney Todd" and "Into the Woods" among the productions earning nods for best musical revival. The stage adaptation of the 1959 crime comedy film "Some Like It Hot," opened on Broadway in December and topped the list with 13 nominations. Reporting by Susan Heavey; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Well, they’re not, obviously – but sometimes they do put down their tiaras, leave their palaces and join the hoi polloi at restaurants, bars and even theme parks. He once called Brilliant Restaurant in Southall, west London his favorite Indian restaurant – and Gordon Ramsay is also a fan. Stuart C. Wilson/Getty ImagesBack in the noughties, party Prince Harry was a regular at Mahiki, a Tiki-themed bar-club-restaurant in Mayfair. Simon Dack/AlamyIn his memoir “Spare,” Prince Harry wrote about popping out to shop for clothes at T.K. Toby Melville/Getty ImagesThe-then Meghan Markle was apparently spied In the heart of Chelsea while she was engaged to Prince Harry, getting a facial from Sarah Chapman.
CNN —A Minnesota judge found former Minneapolis police officer Tou Thao guilty of aiding and abetting second-degree manslaughter for his role in the May 2020 killing of George Floyd, according to court documents filed Monday. “Like the bystanders, Thao could see Floyd’s life slowly ebbing away as the restraint continued,” Cahill wrote in the verdict. Tou Thao Hennepin County Sheriff's Office“The conviction of Tou Thao is historic and the right outcome,” Minnesota Attorney General Keith Ellison, the lead prosecutor of Floyd’s murder, said in a statement. Chauvin was found guilty of second-degree unintentional murder, third-degree murder and second-degree manslaughter in state court and was sentenced to 22.5 years in prison in June 2021. Lane, Kueng and Thao were found guilty in federal court of violating Floyd’s civil rights and of failing to intervene to stop Chauvin during the restraint.
At their groundbreaking restaurant Atomix, Junghyun and Jeongeun Park seem to have the keys to a secret room filled with flavors that New York’s older Korean restaurants barely hint at. Nearly every course on the elaborate tasting menus is made up of a dozen or more ingredients. You can, for instance, eat a sorbet flavored by the fleshy seed stalks of the Japanese raisin tree. But novelty is not the main point of this younger restaurant. While Atomix tries to expand our notions of what modern Korean cuisine might contain, Naro’s executive chef, Nate Kuester, takes a different tack.
Ron DeSantis’s Oversight Board Moves to Sue Disney
  + stars: | 2023-05-01 | by ( Arian Campo-Flores | ) www.wsj.com   time to read: 1 min
Chairman Martin Garcia, third from left, said the board aims to enforce its declaration that development approvals Disney struck with a previous board were null and void. Photo: Zack Wittman for The Wall Street JournalThe board overseeing the district covering Walt Disney Co.’s Orlando-area theme parks authorized its lawyers to sue the entertainment giant in state court, without explaining what the suit would allege. The lawsuit, expected in a central Florida court, would mark the latest salvo in the escalating battle between the company and Florida Gov. Ron DeSantis .
(Reuters) - A district board appointed by Florida Governor Ron DeSantis to oversee development around Walt Disney Co’s Florida theme parks sued the company on Monday to void “backroom deals” favorable to the entertainment giant. The state court lawsuit escalates tensions between Disney and the Republican governor and likely presidential candidate. It comes in response to a case Disney filed last week in federal district court against DeSantis and members of the Central Florida Tourism Oversight district board. DeSantis who is expected to soon declare his candidacy for U.S. president, has repeatedly attacked “woke Disney” in public remarks. The Central Florida Tourism Oversight District board maintained that Disney rushed through the agreement before the new board assumed oversight of municipal services and development within the 25,000 acres of land in and around Walt Disney World.
(Reuters) -An oversight board appointed by Florida Governor Ron DeSantis on Monday said it would file a countersuit against Walt Disney Co in state court, according to prepared remarks seen by Reuters. Slideshow ( 2 images )The decision, which further escalates tensions between Disney and the state of Florida, comes in response to a lawsuit Disney filed last week in federal district court against DeSantis and members of the Central Florida Tourism Oversight district board. The skirmish began last year after Disney criticized a Florida measure banning classroom discussion of sexuality and gender identity with younger children. Florida lawmakers passed legislation that ended Disney’s virtual autonomy in central Florida where the Disney World theme parks attract millions of visitors each year. “The district will seek justice in state court here in central Florida where both it and Disney reside and do business,” Martin said.
Ron DeSantis’s Oversight Board Sues Disney
  + stars: | 2023-05-01 | by ( Arian Campo-Flores | ) www.wsj.com   time to read: 1 min
WSJ’s Arian Campo-Flores explains what’s behind Disney’s lawsuit against Florida Gov. Ron DeSantis. Photo Composition: Rachel RogersThe board overseeing the district covering Walt Disney Co.’s Orlando-area theme parks sued the entertainment giant in state court, accusing the company of striking a “backroom deal” in an effort to preserve its ability to essentially self-govern the district. The lawsuit, filed on Monday in the Ninth Judicial Circuit Court, which includes Orange and Osceola counties, marks the latest salvo in the escalating battle between Disney and Florida Gov. Ron DeSantis .
The writers want to also fix the formula for residual payments, which have been upended by streaming. Years ago, writers could receive residual payments whenever a show was licensed — into syndication or through DVD sales. But writers are often paid less to work in minirooms, W.G.A. Writers have also said that the sudden growth of minirooms has also disrupted the decades-long art of learning how to make a television show. “This is stuff that you have to experience.”But because of minirooms, writers are sent home after as little as 10 weeks, and frequently are not around for the production process at all, he said.
Bank of America is upbeat on shares of legacy media company Comcast as its latest quarter provided evidence that a turnaround is nearing. Bank of America analyst Jessica Reif Ehrlich highlighted the resilience of the company's media segment as a factor contributing to her upgrade. CMCSA YTD mountain Comcast could add another 18% upside for investors after gaining as much from the start of the year, according to Bank of America. "...Film is on fire, with animation exceptionally strong, which will especially benefit Peacock (where losses are peaking), but also support Theme Parks," Reif Ehrlich said. Meanwhile, Comcast's strong balance sheet remains noteworthy, Reif Ehrlich added.
Ron DeSantis to oversee Walt Disney World's operations voted Monday to sue Disney in response to the company's recent federal lawsuit alleging a campaign of political retaliation by the governor. The panel, which challenged the company's long-standing self-governing status when it replaced a Disney-backed board weeks earlier, unanimously voted to authorize a lawsuit in state court. Disney sued DeSantis last Wednesday and the oversight panel in U.S. district court in Tallahassee, Florida. DeSantis, who is expected to announce his presidential plans after the Florida state legislature ends in early May, is considered a top contender against former President Donald Trump. But the extended row against Disney, one of Florida's top employers, has recently begun to generate criticism from some of DeSantis' fellow Republicans.
The SpaceX Starship explodes after launch for a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. The groups argue that the FAA should have conducted an in-depth environmental report, known as an environmental impact statement (EIS), before ever allowing SpaceX to move ahead with its Starship Super Heavy plans in Boca Chica. Later, "based on SpaceX's preference," the lawyers wrote, the federal agency settled on using "a considerably less thorough analysis," which enabled SpaceX to launch sooner. The exact impacts of the launch on the people, habitat and wildlife are still being evaluated by federal and state agencies, and other environmental researchers, alongside and independently from SpaceX. Boca Chica land and wildlife there, namely ocelots, are also sacred to the Carrizo-Comecrudo tribe of Texas.
The park with the most roller coasters in the world
  + stars: | 2023-04-30 | by ( Forrest Brown | ) edition.cnn.com   time to read: +13 min
Impressive collections can be found in many parts of the world, but which park currently holds more roller coasters than any other? With a whopping 20 roller coasters, Six Flags Magic Mountain even rates a mention with Guinness World Records – helping the park justify its “Thrill Capital of the World” slogan. “I think there are a lot of great rides at Six Flags Magic Mountain.” he told CNN Travel recently. “But there are some other more fundamental reasons for why Six Flags Magic Mountain has so many roller coasters.”Location, prosperity and weather all played roles, he said. They’re fast, they’re twisty.”GoliathMartin Lewison said Goliath has the biggest drop of any traditional-style roller coaster at Six Flags Magic Mountain.
The Voladores of Veracruz in Mexico have a history that goes back at least 1,400 years. “The flying ritual has never had a learning age, it is a project of a lifetime,” he says. Nearly all of the Voladores train in or around Papantla, where the flying schools prepare young people to take over for those who are eventually aging out. Coffee, ancient ruins and an overlooked capital cityMen with ankle ropes flying deftly around a pole are not the only export from this state, though. The big draw, however, is Mexico’s second most important archaeological museum after the one in Mexico City.
Will a Chatbot Write the Next ‘Succession’?
  + stars: | 2023-04-29 | by ( Noam Scheiber | John Koblin | ) www.nytimes.com   time to read: +1 min
When the union representing Hollywood writers laid out its list of objectives for contract negotiations with studios this spring, it included familiar language on compensation, which the writers say has either stagnated or dropped amid an explosion of new shows. But far down, the document added a distinctly 2023 twist. Under a section titled “Professional Standards and Protection in the Employment of Writers,” the union wrote that it aimed to “regulate use of material produced using artificial intelligence or similar technologies.”To the mix of computer programmers, marketing copywriters, travel advisers, lawyers and comic illustrators suddenly alarmed by the rising prowess of generative A.I., one can now add screenwriters. “It is not out of the realm of possibility that before 2026, which is the next time we will negotiate with these companies, they might just go, ‘you know what, we’re good,’” said Mike Schur, the creator of “The Good Place” and co-creator of “Parks and Recreation.”
Florida Gov. Ron DeSantis suggested it would be a short fight when he first threatened to strip Walt Disney Co. of the power to govern its magic kingdom of theme parks, waterslides and hotels around Orlando. A year later, Mr. DeSantis is enmeshed in a drawn-out conflict with the entertainment giant that has shifted from the political realm into the courts, with no end in sight.
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