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☆ US Congress tees up votes in last-minute scramble to avert shutdown
▼ + stars: | 2023-09-30 | by ( Andy Sullivan | David Morgan | ) www.reuters.com time to read: +3 min

On the other side of the Capitol, the Democratic-controlled Senate is due to advance a stopgap funding bill, but a final vote might not come for days. Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs. The Senate is due to hold a procedural vote at 1:00 p.m. (1700 GMT) to extend government funding through Nov. 17. Even if that passes, the two chambers would have to resolve their differences before sending any bill to Biden’s desk. That could pose another hurdle, as McCarthy said he opposed $6 billion in Ukraine aid included in the Senate bill.

Persons: Jonathan Ernst, Joe Biden, Jimmy Carter’s, “, Nicole Malliotakis, Kevin McCarthy, McCarthy, ” Organizations: WASHINGTON, U.S, Congress, REUTERS, Capitol, Democratic, creditworthiness, Republicans, Democrats Locations: United States, Atlanta, New York, Ukraine

☆ Congress tees up votes in last-minute scramble to avert shutdown
▼ + stars: | 2023-09-30 | by ( Us Pol | ) www.cnbc.com time to read: +2 min

A general view of the U.S. Capitol, where Congress will return to deal with a series of spending bills before funding runs out and triggers a partial U.S. government shutdown, in Washington, September 25, 2023. On the other side of the Capitol, the Democratic-controlled Senate is due to advance a stopgap funding bill, but a final vote might not come for days. The standoff comes just months after Congress brought the federal government to the brink of defaulting on its $31.4 trillion debt. The drama has raised worries on Wall Street, where the Moody's ratings agency has warned it could damage U.S. creditworthiness. Congress typically passes stopgap spending bills to buy more time to negotiate the detailed legislation that sets funding for federal programs.

Persons: Jonathan Ernst, Joe Biden, Jimmy Carter's Organizations: U.S . Capitol, Reuters Lawmakers, Capitol, Democratic, creditworthiness, Republicans Locations: Washington, United States, Atlanta

☆ Government shutdown 2023 update: Fat Bear Week in Alaska could be canceled
▼ + stars: | 2023-09-30 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

And that would put a beloved past-time in jeopardy: Fat Bear Week. That means Fat Bear Week is a celebration of the health of these bears and their chances of surviving winter. Months of preparation go into each Fat Bear Week. Not all hope for Fat Bear Week is lost, however. AdvertisementAdvertisement"While I remain confident that Fat Bear Week will happen this year, I am unsure if it'll happen as currently scheduled," Mike Fitz, a former Katmai ranger who founded Fat Bear Week, told the Post.

Persons: —, Brooks, Mike Fitz Organizations: Service, Rangers, National Parks Service, Washington Post

That move marked a profound shift from earlier in the week, when a shutdown looked all but inevitable. "Democrats have said from the start that the only solution for avoiding a shutdown is bipartisanship, and we are glad Speaker McCarthy has finally heeded our message." Democratic Senator Michael Bennet held the bill up for several hours trying to negotiate a deal for further Ukraine aid. House Republicans are demanding a further $120 billion in cuts. "House Republicans tried to walk away from that deal by demanding drastic cuts that would have been devastating for millions of Americans.

Persons: Michael Bennet's, Kevin McCarthy, Joe Biden, McCarthy, Chuck Schumer, Hakeem Jeffries, Donald Trump, Don Beyer, “, Republicans ’, Ken Cedeno, Republican Mitch McConnell, Michael Bennet, Chris Van Hollen, Biden, David Morgan, Makini Brice, Moira Warburton, Kanishka Singh, Andy Sullivan, Scott Malone, Andrea Ricci, William Mallard Organizations: U.S, Congress, Democratic, Republican, National Parks, WIN, MAGA Republicans, Republicans, REUTERS, Ukraine, Senate, creditworthiness, Social Security, Medicare, Thomson Locations: National, Ukraine

☆ National Parks Will Close if Government Shuts Down
▼ + stars: | 2023-09-29 | by ( Jacob Passy | Andrew Restuccia | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/lifestyle/travel/national-parks-closed-government-shutdown-edc694fd

Persons: Dow Jones

☆ Craft beer, marriages and air travel: The collateral damage of a government shutdown
▼ + stars: | 2023-09-29 | by ( Alex Seitz-Wald | ) www.cnbc.com time to read: +14 min

Staff, meanwhile, have been forced to put their real jobs on hold to prepare for the looming shutdown. National parksThe National Park Service plans to close its parks and furlough park rangers if the government shuts down on Sunday. During the 2018-2019 shutdown, the parks themselves remained accessible, but without most services. Some presidential libraries would remain open as long as they have sufficient funds, but others would close and research services would be reduced. A shutdown would result in a "data blackout" of critical economic statistics that influence markets and businesses around the globe.

Persons: Donald Trump, that's, Biden, Joshua, Armando L, Sanchez, Pete Buttigieg, they're, White, Treasury Department furloughed, shutdowns Organizations: Yosemite, Fresno Bee, Tribune, Service, Getty, White House Council, Economic Advisers, Management, Staff, National Park Service, Park Service, Department of Interior, NBC, Congressional Research Service, National Zoo, U.S . Holocaust, Museum, National, Science, National Science Foundation, National Institutes of Health, Centers for Disease Control, Prevention, FBI Agents Association, FBI, Air, Transportation Security, LaGuardia, TSA, O'Hare International, State Department, Consular, Education Department, AmeriCorps, Agriculture Department, Assistance, Women, Small Business Administration, Federal Housing Administration, Social, Consumer, Food and Drug Administration, Consumer Product Safety, Environmental Protection Agency, Occupational Safety, Health Administration, Labor, —, Social Security, Medicare, Treasury Department, Foreign Assets Control, Russia Locations: El Capitan, Yosemite Valley, Washington, Civil, U.S, Europe, Southeast Asia, New Mexico, shutdowns, New York, Chicago, Russia, Iran, Ukraine

It’s a reality that Senate Minority Leader Mitch McConnell called “completely unfair,” as federal workers feel the brunt of lawmakers' inability to agree on a plan to fund the government. A shutdown occurs when Congress can’t pass legislation to fund the government before the start of the fiscal year. The Office of Management and Budget directs each federal agency to create a shutdown contingency plan reviewable on its website that identifies essential workers and services. Government shutdowns have become familiar to many federal workers, with the last shutdown ending in 2019. Other federal employees may hold jobs that are considered essential and may be required to work without pay during a shutdown.

Persons: shutdowns, hasn’t, Matt Gaetz, Joe Biden, Mitch McConnell, Shutdowns haven’t, Benjamin Civiletti Organizations: Management, Budget, Government, Congressional, Postal Service, District of Columbia, Social Security, Transportation Security Administration, White Locations: Florida, furloughs, District

☆ Opinion: Government shutdown means Congress gets paid while most federal workers don’t
▼ + stars: | 2023-09-29 | by ( Cristian Arroyo-Santiago | Opinion Rob Rosenthal | ) edition.cnn.com time to read: +6 min

The great majority of our almost 4 million federal employees would be furloughed without pay. But strikingly, one group of federal employees would not stop receiving their paychecks: members of Congress. Article I, Section 6 of the Constitution requires that members of Congress be paid while in office. What would it mean if those members of Congress who forced a shutdown of the government faced the same economic consequences as the average AFGE employee? The division between making the plan and living the plan is not inevitable or universal.

Persons: Rob Rosenthal, John E, Andrus, ” Everett Kelley, AFGE, ”, Nassim Nicholas Taleb, Volodymyr Zelensky, Pell, aren’t Organizations: Wesleyan University, CNN, Transportation Security Administration, TSA, Federal Drug Administration, Occupational Health, Safety Administration, Environmental, Agency, Parks, SNAP, WIC, American Federation of Government Employees, Pew Research Center Locations: Russian, Ukraine, Kyiv, America

☆ Analysis: A messy government shutdown is the last thing the economy needs
▼ + stars: | 2023-09-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Against this precarious backdrop, Washington is on the verge of a messy shutdown of the federal government. A shutdown probably won’t wreck the economy, especially if it’s short. And if it a shutdown lasts long enough, it could, along with these other headwinds, do some real damage. The US Travel Association estimates the domestic travel economy would lose as much as $140 million a day from a government shutdown. “Uncertainty regarding federal operations will likely persist for the next few months.”Given all the other obstacles facing the economy, chaos in Washington is the last thing the economy needs.

Persons: New York CNN —, ”, Greg Valliere, Joe Brusuelas, Goldman Sachs, —, Uncle Sam, Mark Zandi, don’t, ” Zandi, AGF’s, “, ” Moody’s Organizations: New, New York CNN, UAW, Big Three, Federal, Federal Reserve, AGF Investments, RSM, American Federation of Government Employees, TSA, US Travel Association, Companies, Moody’s, AAA, Goldman Locations: New York, Washington, United States

☆ Here's what a government shutdown would mean for your wallet
▼ + stars: | 2023-09-27 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

During a shutdown, the federal government ceases operations that are deemed non-essential. Win Mcnamee | Getty Images News | Getty ImagesIt's poised to occur this year as hard-right conservatives in the Republican-controlled House are using a possible shutdown as leverage to force deep cuts in federal spending. watch nowMillions may also lose certain federal benefits, with that threat increasing with the length of a shutdown, experts said. Food assistance through the Supplemental Nutrition Assistance, or SNAP, program is "on better footing" than WICs, which would likely be affected within days of shutdown, Sprick said. Section 8 housing vouchers, which are for families with low incomes, seniors and people with disabilities, would also be at risk, Sprick said.

Persons: —, Kevin McCarthy, Win Mcnamee, Sprick, Mark Zandi, Zandi, Emerson Sprick Organizations: Bloomberg Creative, Bloomberg, Getty, Republican, Center, Congressional Research Service, Social Security, Congressional, Workers, Moody's, Contractors, Women, Assistance, SNAP, Loans, Small, Administration, U.S . Department of Education, Education, Center Service, Social Security Administration, Travelers, Transportation Security Administration, United Auto Workers Locations: U.S

☆ What closes in a U.S. government shutdown?
▼ + stars: | 2023-09-27 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsWhat closes in a U.S. government shutdown? PostedU.S. government services would be disrupted and hundreds of thousands of federal workers would be furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1. What does it mean for agencies such as the military, national parks, Social Security, or Medicare? Matthew Larotonda reports.

Persons: Matthew Larotonda Organizations: Social Security Locations: U.S

☆ Will a government shutdown affect your wallet? Here's what's at stake
▼ + stars: | 2023-09-27 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Will a government shutdown affect student loan payments? Your federal student loan payment will still be due in October as the pandemic payment pause officially comes to an end. Will a government shutdown affect Social Security payments? However, the National Parks Conservation Association strongly advises against visiting parks during a shutdown for your own safety and the protection of the park resources. Will a government shutdown affect air travel?

Persons: Will Organizations: Defense, Veterans Affairs and Homeland Security, Social, National Parks Conservation Association

☆ Wall Street's typical career path might have a massive detour thanks to AI
▼ + stars: | 2023-09-25 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

As for today's edition, we're looking at how AI could upend the job of the junior banker, and the effect that'll have on Wall Street's traditional career path. AdvertisementAdvertisementAspiring financiers need to look no further than investment banks' analyst programs to get a foot in the door. But this crucial piece of Wall Street's ecosystem could be upended by the rise of artificial intelligence. AdvertisementAdvertisementBuy-side firms have largely held off on going after college graduates, instead pointing them toward banks' analyst programs. Regardless of what direction things go, what's clear is the type of work AI excels at falls directly in junior bankers' wheelhouse.

Persons: Insider's Bianca Chan, Emmalyse Brownstein, Alyssa Powell, Steve Cohen's, Cohen, millennials, Elon Musk, Mark Zuckerberg, Jeff Bezos, ChatGPT, Xavier Lalanne, It's, Saint, Givenchy, Donald Glover, Childish Gambino, Will Smith, Catherine Zeta, Jones, krisanapong detraphiphat, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Guild of America, Hollywood, Tech, LinkedIn, Meta, National, Costco, Lowe's, Tractor Supply, Brands, Getty Images Finance Locations: Wall, Silicon, Paris, New York City, San Diego, London, New York

The Office of Management and Budget reminded senior agency officials Friday to update and review shutdown plans. Those plans can vary from shutdown to shutdown. The nearly 4 million Americans who are federal employees will feel the effect immediately. Essential workers will remain on the job, but others will be furloughed until the shutdown is over. For many of them, a shutdown would strain their finances, as it did during the record 35-day funding lapse in 2018-2019.

Persons: “, ”, Doreen Greenwald, Everett Kelley, Pell, disbursing Pell, It’s, treasurers Organizations: CNN, Management, National Treasury Employees Union, American Federation of Government Employees, Transportation Security Administration, Social Security, TSA, of Labor Statistics, Federal Reserve, Business Administration, Futures, US Centers for Disease Control, Drug Administration, Safety, Health Administration, Environmental Protection Agency, ”, Smithsonian, National, National Archives, National Park Service, of Education, Federal Student Aid, Federal, Department of, Assistance, SNAP, US Department of Agriculture, Women, of Housing, Urban Development, Commission, Research, NOAA, Oceanic, Administration, National Science Foundation, Peace Corps, State Department, Defense Department Locations: United States, America, Washington, DC, shutdowns

☆ The U.S. federal government is headed into a shutdown. What does it mean, who’s hit and what’s next?
▼ + stars: | 2023-09-23 | by ( ) www.cnbc.com time to read: +6 min

Federal agencies will stop all actions deemed non-essential, and millions of federal employees, including members of the military, won't receive paychecks. A shutdown happens when Congress fails to pass some type of funding legislation that is signed into law by the president. Millions of federal workers face delayed paychecks when the government shuts down, including many of the roughly 2 million military personnel and more than 2 million civilian workers across the nation. Nearly 60% of federal workers are stationed in the Defense, Veterans Affairs and Homeland Security departments. Beyond federal workers, a shutdown could have far-reaching effects on government services.

Persons: Samuel Corum, Kevin McCarthy's, Goldman Sachs, General Merrick Garland, Donald Trump, Hunter Biden, Joe Biden, Trump, Republicans defund, Benjamin Civiletti, Bill Clinton's, Newt Gingrich Organizations: Getty, Democratic, Republican, Defense, Veterans Affairs and Homeland Security, Transportation Security, Postal Service, U.S . Travel Industry Association, Lawmakers, U.S . Chamber, Commerce, Republicans, U.S, Democrats Locations: Washington , DC, shutdowns

Persons: Kevin McCarthy's, Goldman Sachs, “, General Merrick Garland, Donald Trump, Hunter Biden, Joe Biden, Trump, Republicans defund, Benjamin Civiletti, Bill Clinton's, Newt Gingrich, isn't, Fatima Hussein, Lindsay Whitehurst, Josh Boak, Lisa Mascaro Organizations: WASHINGTON, Democratic, Republican, WHO, Defense, Veterans Affairs and Homeland Security, Transportation Security, Postal Service, U.S . Travel Industry Association, Lawmakers, U.S . Chamber, Commerce, Republicans, U.S, Democrats, Senate, Associated Locations: shutdowns

☆ The chaos over an impending shutdown is so bad that some Republicans say they'll join forces with Democrats to keep the government open
▼ + stars: | 2023-09-22 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Some Republicans are now saying they'll work across the aisle to keep the government open. It's getting members on both sides of the aisle antsy — and despite conservative pushback, some Republicans are willing to work with Democrats to get the job done. AdvertisementAdvertisement"Extreme House Republicans need to stop playing political games with people's lives," White House Press Secretary Karine Jean-Pierre said in a briefing Thursday , adding: "A deal is a deal. House Republicans need to do their job, keep the government open, and work with us to deliver — to deliver for the American people." The last time Americans faced a government shutdown was in 2019 under former President Donald Trump, who led a 35-day shutdown — the longest in US history .

Persons: It's, Don Bacon, Mike Lawler, he'd, Lawler, @lawler4ny, Joe Biden, Kevin McCarthy, McCarthy, Matt Gaetz, people's, Karine Jean, Pierre, Donald Trump, Trump Organizations: Republicans, Service, Congress, GOP, Punchbowl News, Republican, CNN, Caucus, Capitol, Social Security, SNAP, Small, Administration, House Press Locations: Wall, Silicon, New York

☆ The government could shut down in a week. Here's what's at stake for Americans.
▼ + stars: | 2023-09-22 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Come September 30, some Americans may not see a paycheck or be able to visit parks. For everyday Americans, that could mean losing out on paychecks or childcare spots, and it could even worsen flight delays. The Social Security Administration, for instance, anticipates about 8,500 employees would be furloughed in a shutdown. Travel plans might be further disrupted as Transportation Security Administration workers and air-traffic controllers go without pay, the White House said. The White House has repeatedly said Republicans are bringing Americans this close to another government shutdown.

Persons: GOPers, Kevin McCarthy, holdouts, McCarthy, I've, Here's, wouldn't, Deb Haaland, Biden, Mike Simpson, Politico, we've, haven't Organizations: Service, Caucus, Main Street Caucus, Punchbowl News, Social Security, Management, Social Security Administration, Social, Department of Health, Human Services, Medicare, Center, American Progress, Environmental, Agency, Drug, Occupational Safety, Health Administration, US Department of Agriculture, NASA, Republican, Transportation Security Administration, Federal Budget, East, Republicans Locations: Wall, Silicon, East Coast, Idaho

☆ Corporate America to DC: Don’t shut down the government
▼ + stars: | 2023-09-22 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

“Nobody wins in a government shutdown,” said one executive at a business group who requested anonymity to speak candidly. ‘It’s not good for business’A shutdown may not be an especially dramatic event for the stock market or deal a sizable blow to GDP. It’s not good for business – or consumer confidence,” another trade group executive told CNN. It’s unfortunate.”Markets usually don’t careWall Street is not overly worried about the potential damage to the economy at large nor the stock market. During half of those shutdowns, the stock market posted positive returns.

Persons: ” Neil Bradley, “, ”, “ We’ve, ’, Chuck Robbins, Robbins, ‘ It’s, Geoff Freeman, Bradley, it’s, Mitch McConnell, shutdowns, ” Bradley, “ It’s, Keith Lerner, Goldman Sachs, couldn’t Organizations: New York CNN Business, Corporate, US Chamber of Commerce, CNN, Cisco, US Travel Association, US Travel, ”, Federal Reserve, Labor Statistics, Publicly, Democrats, Privately, GOP, House GOP, Republicans, Chamber, Advisory, Commerce Locations: Washington

SAVANNAH, Ga. (AP) — A U.S. agency said Friday it will nominate the vast, federally protected wildlife refuge in the Okefenokee Swamp for listing as a UNESCO World Heritage site. The Okefenokee refuge covers more than 90% of the swamp and is the largest national wildlife refuge east of the Mississippi River. Designation as a World Heritage site wouldn't impose any added restrictions or regulations for the Okefenokee. Ossoff said a World Heritage site designation would have both environmental and economic benefits for the Okefenokee and surrounding Georgia communities. Conservationists sounded doubtful that the World Heritage site nomination would directly affect the decisions of Georgia regulators.

Persons: Kim Bednarek, ”, Elise Bennett, It’s, Buddy Carter, Democratic Sen, Jon Ossoff, Ossoff, Deb Haaland, “ They’re, Ben Prater, Bednarek Organizations: —, UNESCO, National Park Service, U.S, of Liberty, UNESCO's World, U.S . Fish, Wildlife Service, Center for Biological Diversity, Fish and Wildlife Service, Republican, Democratic, U.S . Interior Department, Twin Pines Minerals, of Wildlife Locations: SAVANNAH, Ga, U.S, Washington, Georgia, Florida, blackwater, Yellowstone, Yosemite, ”, Arizona, of, Ohio, Mississippi, Caribbean, Twin Pines

Operating income in the FedEx unit, which delivers packages for retailers like Walmart (WMT.N), jumped 59% for the quarter ended Aug. 31. Analysts expect customer gains from UPS to be less durable than those from Yellow. "UPS will likely be able to regain much of its lost market share," Edward Jones analyst Matt Arnold said. Without offering a specific forecast, FedEx said it was "well-positioned" for the upcoming holiday season, when volume typically doubles due to e-commerce sales. FedEx tempered its full-year revenue forecast on Wednesday.

Persons: Raj Subramaniam, Edward Jones, Matt Arnold, D.E, Shaw, Lisa Baertlein, Priyamvada, Bill Berkrot, Leslie Adler Organizations: FedEx, UPS, Wall, United Parcel Service, Walmart, FedEx Freight, Thomson Locations: Memphis , Tennessee, Los Angeles, Bengaluru

☆ US government shutdown: What is it and who would be affected?
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +7 min

Contracts awarded prior to the shutdown would continue, and the Pentagon could place new orders for supplies or services needed to protect national security. NATIONAL PARKS AND NATURAL RESOURCESIt's not clear how the United States' 63 national parks would be affected. They remained open during the 2018-2019 shutdown, through restrooms and information desks were closed and waste disposal was halted. WHITE HOUSEIn 2018-2019 shutdown, the White House furloughed 1,100 of 1,800 staff in the Executive Office of the President. Some offices, such as the National Security Council, continued at full strength, while others like the Office of Management and Budget were scaled back sharply.

Persons: Kevin Wurm, Lockheed Martin, Donald Trump, Pete Buttigieg, Pell, Andy Sullivan, Pete Schroeder, Howard Schneider, Moira Warburton, Scott Malone, Alistair Bell Organizations: U.S, Capitol, REUTERS, Workers, Pentagon, Boeing, Lockheed, Raytheon, The, National Nuclear Security Administration, FBI, Drug Enforcement Administration, Service, Border Patrol, Coast Guard, Federal Trade, AFFAIRS U.S, National Institutes of Health, National Science Foundation, National Oceanographic, Atmospheric Administration, NASA, Space, Disease Control, Prevention, Food and Drug Administration, Securities, Exchange, Commodities, Futures Trading, Federal Reserve, Federal Deposit Insurance Corporation, Currency, Social Security Administration, Veterans Administration, Federal Emergency Management Agency, Education Department, White, Small Business Administration, National Labor Relations, National Security Council, Management, U.S . Postal, Thomson Locations: Washington , U.S, United States

☆ What could happen if the government shuts down
▼ + stars: | 2023-09-21 | by ( Clare Foran | ) edition.cnn.com time to read: +6 min

Congressional leaders on both sides of the aisle are hoping to pass a short-term funding extension to keep the lights on and avert a shutdown. What could happen during a shutdownIn the event of a shutdown, many government operations would come to a halt, but some services deemed “essential” would continue. Once a shutdown is over, federal employees who were required to work and those who were furloughed will receive backpay. Employees deemed “essential” and required to work were already guaranteed backpay after a shutdown prior to the passage of that legislation. And federal employees aren’t the only ones who can feel the effects of a shutdown.

Persons: it’s, furloughed, Sen, Ben Cardin, Trump, you’re, ”, Maya MacGuineas, It’s, White Organizations: CNN, Congressional, Federal, Maryland Democrat, Employees, Park Service, Senate, Democrats, Republicans, White House, Department of Health, Human Services, TSA, Food and Drug Administration Locations: Ukraine, Maryland, shutdowns

☆ Why we’re cautiously optimistic about Disney’s new multibillion dollar theme park investment
▼ + stars: | 2023-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

We're cautiously optimistic about Disney 's (DIS) decision to invest billions upon billions more into its booming theme parks. DIS 5D mountain DIS stock performance. In a separate note, KeyBanc believes Disney's DPEP segment has a "bright long-term future" after its analysts attended Disney's Investors Summit. Bottom line Disney's moat is its strong intellectual property that it can use to monetize and grow its business. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: We're, Bob Iger, doesn't, Iger, He's, Morgan Stanley, KeyBanc, Jim Cramer's, Jim Cramer, Jim, Joseph Prezioso Organizations: Disney, Disney Parks, Hulu, ESPN, CNBC, Comcast, Penn Entertainment, Investments, Disney's Investors, DIS, Parks &, Anadolu Agency, Getty Locations: Hulu

☆ Disney, Challenged Elsewhere, Plans to Spend $60 Billion on Parks and Cruises
▼ + stars: | 2023-09-19 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +2 min

Disney’s theme parks will generate an estimated $10 billion in profit this year, up from $2.2 billion a decade ago. Disney’s overseas parks — aside from Tokyo Disney Resort, which it receives royalties from but does not own — have sometimes struggled to turn a profit. That amount is double what Disney spent on parks and the cruise line over the past decade, which was itself a period of greatly increased investment. Disney has also poured money into its Paris and Hong Kong parks, with themed expansions tied to “Frozen” and other Disney films scheduled to open soon. Three more ocean liners are on the way, bringing the Disney fleet to eight ships, and Disney is nearing completion of a new port on a Bahamian island.

Persons: Robert A, Iger, Ron DeSantis, Disney, ” Organizations: Walt Disney, Tokyo Disney Resort, Disney Cruise, Disney, Shanghai Disney Resort, Guardians, Galaxy Locations: Anaheim , Calif, Orlando, Fla, Tokyo, Shanghai, Paris, Hong Kong

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