35 Burst results for "Amc Entertainment"
WTOP
"amc entertainment" Discussed on WTOP
"Partnering with AMC entertainment, the new card will allow AMC stubs members to earn rewards faster the card helps earn Stubbs points for everything you spend on eating out buying groceries and gas spending last quarter on Visa cards jumped 10% from a year earlier. We are eating out even though it costs more, but some of that eating out is shifting from fine dining to fast food. McDonald's sees it, it's comparable sales last quarter, jumped nearly 13%, and so is chipotle Mexican grill. Its comp sales were up almost 11% at both chains, higher prices for some items helped boost revenue. On Wall Street, the losses were in the one to 2% range, investors had studied results from first republic bank, which got billions in help from big banks last month. The Dow fell 345, the NASDAQ 238, the S&P 65. From the Bloomberg newsroom, I'm Joan doniger, on WTO. Asia Pacific markets are mixed, South Korea's Cosby up about half a percent, Hong Kong is higher, Tokyo stocks, half a percent lower. Still ahead on WTO, you would think that we get a better interest rate when we put a bunch of money in a savings account, but you have to really work hard, especially look for the online banks to get the good interest rate bank rates. Mark Hamrick will explain all that to us coming up here in a few minutes. Stay close to WTO. It's ten, 12. Here's Kevin Kelly, chairman and CEO of art field on the efficiency of model based systems engineering. Today we use model based systems engineering. Whereas in the past, we used to design things sequentially. We have to do things much faster now. So we do concurrent engineering. Everybody builds their modules, simultaneously. And we have digital models that we input all of that data into to make sure that the systems are going to interoperate with one another, and we can still control those interfaces. So at our field, we invest in our MBS E or model based systems engineering infrastructure. It's part of our ongoing R&D. We train our people. And how to use that. And it is a really enabling function that didn't exist 20 or 30 years ago, but it's absolutely critical now to hasten the pace of development. That's Kevin Kelly, chairman and CEO of arc field for more of this conversation go to federal news network dot com search arc field. We thank you for recommending WTO to a friend sometime this week. It's ten 13. When you order food for work on easy cater dot com, we've got your back. Real humans are here to help with your order every step of the way. Making sure everything goes right. Even behind the scenes without you
Bloomberg Radio New York
"amc entertainment" Discussed on Bloomberg Radio New York
"From his knee injury in fact, he might miss the first three games. John stash Eller Bloomberg sports, Nathan. All right, John, thank you to 6 37 on Wall Street, time to take a look at stock, some of the names moving in the pre market. If you're still bleary eyed from that early morning U.S. open match, you'll be glad to know Bloomberg radio and TV markets correspondent creek Gupta's bright eyed ready to tell us what's happening under the hood in this little changed market before we get that ECB decision creating. Yeah, lucky for everyone I did not say I have to watch the U.S. open match. I think I missed a big one. We got to keep an eye on GameStop speaking of big things to watch here. It is soaring up about 9% in the pre market. It's coming off a partnership with guests, Nathan, a cryptocurrency exchange FTX. Oh wow. On the same day, by the way, that they did announce their earnings as well. So let's talk about the earnings picture first. The gaming company reporting net sales for the second quarter that did ultimately miss estimates analysts still skeptical, but it was that partnership with FTX, which of course we know has seen quite a bit of success in the crypto space that's really boosting the shares here. Getting a little positive reviews on it from the analyst base saying that while GameStop has a passion shareholder base, FTX could add to it. So that is some good news for GameStop despite the fact that you don't really have a positive catalyst for GameStop when it comes to the earnings front. I should also mention that this is when it comes to the FTX partnership. This is really in the efforts to boost the NFTs. This is something that you're seeing a lot of gaming companies really look to do and this partnership with FTX gives GameStop quite the boost. Well, if AMC entertainment can invest in a gold mine, why not have a crypto partnership with GameStop? What else are you looking at? Well, let's look at American Eagle Outfitters. We know the retail story has continued across the sector target Walmart, Nordstrom even Macy's. While American eagles know exception, they're down about 15% in the pre market war down as much as 16% earlier in the session. They reported results as well. Some of these earnings stories still trickling in as you can tell Nathan, but they're reported results that Citigroup analysts described as quote rough. They also paused their quarterly cash dividend, Nathan, that is probably the worst thing you can do beyond not giving guidance and essentially just pausing that dividend at a time when a lot of companies, especially American Eagle, has actually been using that dividend to attract investors at something that you've seen in the financial space, it's something you've seen, arguably in tech space as well. Arguably even in the oil space to actually boosting their dividend retailers not so much. So not so great news for American Eagle, AE O is your ticket down about 15%. I'm going to end here Nathan with Moderna shares. mRNA is your ticker up 1.7% in the pre market. It was higher about 3% earlier in the session. So some of those gains getting paired, this comes after Deutsche Bank upgraded the stock to a buy from a hold after a solid second quarter earnings beat and welcome late July news of additional fall 2022 orders coming out of the United States. So some good news on the vaccination front. Yeah, the healthcare space certainly doing well in this environment. Thanks for this pretty good as always to have you with us. Bloomberg radio TV markets correspondent. Creedy Gupta, looking ahead to the market open, stocks as a whole. Little changed, waiting for the ECB to come down with its decision, got S&P futures right now up a point, Dow futures up 22 NASDAQ futures up three points, ten year treasuries up 6 30 seconds Neil now 3.24%
Bloomberg Radio New York
"amc entertainment" Discussed on Bloomberg Radio New York
"Still actually pretty good about things. And video gave a forecast for revenue in its fiscal second quarter that fell far below an earlier estimate due to a weaker outlook in the gaming industry the chipmaker is known for making high end graphics cards that are used in gaming Nvidia shares down now by 8%. Those meme stocks back big time today, case in point, bad bath and beyond surging 38.7%, AMC entertainment holdings up 14.5% while GameStop up now by ten and a half percent. One O two on Wall Street, time now for the market drivers report with a focus on American depository receipts, and here she is. Abigail too little. Thanks, Charlie, and there's some significant underperformance for most of the ADRs we follow closely starting it with China tech. Even with U.S. yields lower something that typically helps tech stocks makes them look a little bit cheaper, most of these China tech ADRs are down sharply can duo duo, JD.com, Alibaba Baidu all down by about one to 4%. Now, not helping those names at least from a perception standpoint, Japan SoftBank, the holding company, it posted a record $23.4 billion loss on plunging portfolio valuations, but that ADR interestingly enough is down just slightly, turning to Europe, the intact this ADR is down 9% on a disappointing earnings report as vaccine orders led to sales and profit short of analyst estimates and then finally rounding it out, some European tech ADRs are modestly including SAP, Nokia and Ericsson, Charlie. Okay, I thank you very much, Abigail, Doolittle, deal news, lots of deals on this Monday Whirlpool buying in sync curator that is Emerson Electric's waste disposal business and a $3 billion transaction Whirlpool down 1.9% Emerson down .7%. Recapping NASDAQ has just turned lower down less than one tenth of 1%. We've got the S&P down three points down one tenth of 1% the hour up 19 up one tenth. I'm Charlie palette that is a Bloomberg business slash. This is balance and power with David Weston. Putin still wants to destroy Ukraine and he's going to make another attempt to take here. It's only a matter of time. The United States and our allies have to continue to tighten up on sanctions with regards to Russia. Where the world of politics meets the world of business. Things like fuel and housing costs are some of the biggest drivers of inflation. The reality for Democrats is people can not coalesce or think about who might come after Biden. Balance of power we've given Weston on Bloomberg radio. Another historic piece of legislation heads toward President Biden's desk. The Supreme Court's abortion decision shows up in midterm elections and China keeps up the pressure on Taiwan even as its own economy shows weakness from the Bloomberg interactive broker studio in New York
Bloomberg Radio New York
"amc entertainment" Discussed on Bloomberg Radio New York
"Be a really really busy Monday We're gonna go take a deep dive into the global auto industry Lucky for us we're gonna have the present and chief executive officer of Mercedes Benz USA he's gonna join us in just a moment And Carol you've been doing your homework if people follow you on Twitter They'll know that a couple weekends ago you had a chance to drive a new Mercedes Benz They were really lovely They gave me a loner and I got to play around in one of their latest models You don't have it anymore I gave it back I had to give it All right we'll get to that in just a moment First up though let's get back to your top business there's a lot of news after the close here And we love it That's what we do here at Bloomberg and to begin with the automotive industry Ford Motor shares closing above $20 for the first time in two decades with a push toward electric vehicles and navigation successful navigation of the semiconductor supply shortage helping to boost the automaker's stock to records Earnings Fast & Furious after the close of trading AMC entertainment which has soared more than 20 fold this year as the so called meme stock reported third quarter results that beat analyst estimates as consumers begin to return to movie theaters shares after hours they are trading lower right now down by just about four tenths of 1% PayPal after earnings up by 3% PayPal did lower its full year guidance for revenue and earnings after its former parent company eBay accelerated a shift away from the payment giant Robinhood has announced a November 3rd data security incident says the hack of access email addresses of about 5 million people Stocks pushed higher today records across the board for the Dow the S&P and NASDAQ S&P notched its longest winning streak since 2017 as.
CNBC's Fast Money
"amc entertainment" Discussed on CNBC's Fast Money
"Break out to that nine hundred all time high next week with those extra catalysts of delivery numbers and the gig berlin plan. I'm curious what you guys thing. Thanks for having me. It always makes me a little concern when viewers sending video questions from their cars when the cars are moving Guy what do you say about tesla or who said alight. And let's hope he was in a tesla self driving car. I think he's on to something. I would look at it and say you know the comments that you made yesterday. Scott wapner the fact that that didn't nail the stock today to the downside is very encouraging. I do think given to set it could test those january highs which if memory serves was nine hundred dollars and forty cents don win. You saved tesla. I'm not even going to try to argue. Around the valuation of tesla are. We will be here all night. This is purely momentum play purely a technical play. it's tran. i think you continue to ride it. If you have a core position which. I'm assuming you do because you've bought into the story you hold that you take a portion of that and you traded around momentum so so tessa falls into high multiple camp and that's part of the problem at least just in terms of the broader market dynamics working against it and and others but but the fact that we're talking about this as a delivery story i think the the deliveries numbers have surprised to the upside over the last couple quarters. If you listened to one of the things he said is they've got the first of all the size of the opportunity is is so extraordinary. It's bigger than expected. And that's good news and bad news. A lot of the drivers for tesla's outside valuation. I think are more related to the technology and the battery and things when really the blocking and tackling here is the market and deliveries and free cash. Which are things that they are producing on but really ultimately have you focus on the valuation art coming up housing alert rates. They're on rise. What it means for your mortgage. We'll break down the details plus the big news at mcdonalds that got all of our mouth-watering mine included back right after this. Welcome back to the special edition of fast money we're tracking shares of amc entertainment and the after hours session. They're up by two percent the company announcing that it is buying back thirty five million dollars worth of debt which will say them about five point. Two million dollars in interest costs annually. This is the most expensive part of their debt. At a fifteen percent interest rate may not seem like a big thing. Adam erin tweeting. The tweeting just moments ago. Progress is made when you take big steps or small steps important thing is that you are moving forward guidance. Maybe little by little. They chip away at some of that outstanding debt. This is i think this is on the margins. Really good news. You said it's saved five and a quarter million. that's great. This is the high end of the interest rate spectrum. Which you mentioned as well this is going to add some fuel to the fire for all the people that will watch your documentary. Which by the way. If i'm not mistaken comes out next week. So i think this is. It's definitely not negative for the stock. Think it's on the margins positive. I do you have a documentary next week. It's not on. Amc that one is still splits just to clarify just in case people are wondering on. We'll have more on that one. The one that premieres next week next week but in the meantime on amc the stock is still climbing the after hours up. Two point four percent at this point tim. I know your views on this thing but but still this good news. yeah. I i think that they're dealing from a position of relative strength to be able to do this and take out high cost debt which was one of the issues. That really looked like this. This was going to cave Before they found retail support and so this is capital restructuring and this is Engineering of the balance sheet. And it's all smart stuff to do and frankly to the extent that a lot of people needed to see a sustainable business model of one side is the revenue and the income statement but part of that is also a function really of just their operating costs and their cost of capital and debt-servicing costs. So you have to be happy about. This hasn't really changed to me The top line outlook but but why not deal from a position of strength when you have it all right. We've got some big news on the housing front talk about mortgage rates. They're back on the rise thirty year fix is now back about three percent. The highest level in nearly three months so we'll rising rate start to wreck the red hot housing market. Let's bring an ivy zalman the sea of zalman and associates and author of. Gimme shelter hard calls and soft skills from a wall street trailblazer which hits bookstores tomorrow. Ivy congratulations on the book. We've certainly been tracking you for a long time in terms of your thoughts on housing specifically you saw some red flags even before mortgage rates ticked above three percents. So what's your assessment of where we are right now. Well we were concerned that the housing market is too hot. And we think that rising rates will definitely dampen demand. It's very disconcerting to think what the housing market would look like if mortgage rates were to rise to rise to as little as four percent a thirty year fixed rate at four percent we think would arrest the market and we would see a significant slowdown. And that's really dude. Melissa the fact that two thirds of mortgage holders the united states have a rate locked in below four percent so rising rates are really going to impact. I think overall and the free money party train might be coming to an end ivy on the high end which is obviously an important part of the house is it will have the same effect to those participants. Actually i think that it's worse for the high end. Frankly because i think as rates rise and more people are disincentivize to move so you know the same status you look at those people that have mortgage rate below three point seven five. It's fifty four percent so think about all those people that were fortunate to lock in below three. They're not going anywhere. The move upmarket will feel it more so and the second home market will also start to slow so we think the high end or move and second time move up and luxury will be more impacted the affordable product. I think that today i'm home. Ownership is still a preferred long-term way to build and i think monthly payments..
KOMO
"amc entertainment" Discussed on KOMO
"AMC Entertainment celebrating a turning point in its fight to get moviegoer's back into the theater. Labor Day weekend marked the first time the company saw attendance that was higher than the same weekend. Two years ago. It was held by the release of Disney's Shanghai The Legend of the 10 Rings CEO Adam Aron, saying the attendant spike signals that his Hollywood releases movies, Americans eagerly want to return to movie theaters. Here's commas archives at the Beacon Plumbing Sports Desk. Game week has arrived for the Seahawks. They begin the season on the road against the Indianapolis Colts. Like the CRX. The Colts were one and done in the 2020 NFL playoffs. Head coach Pete Carroll says the Seahawks managed to avoid major injuries during the preseason, feeling good, too, because we come in pretty healthy and for the most part Ready to put forth really good effort on the game plan and going very, very difficult situation. It's a really good team and see if we can get get with wind. Starting left tackle Duane Brown was on the field as a participant after opting not to participate while seeking a new contract kick office. 10 A.m. Sunday on Fox, the defending Super Bowl champion Tampa Bay Buccaneers begin the season Thursday night hosting the Dallas Cowboys. New Orleans Saints will be spending most of the next two weeks in Texas because of Hurricane Ida. The Saints expect the Dallas area and Texas Christian University practice facilities to serve as their home base into at least week two of the season. On Sunday, they'll open the season in Jacksonville against Green Bay in a game that had originally been scheduled for the Superdome. Sports A 10 and 40 minutes past the hour America it's KOMO news after two innings down Houston way, the.
Bloomberg Daybreak Asia
AMC Stock Surges More Than 100% to Record Intraday High
"Stark frenzy seems to be back and bigger than ever. Shares in AMC Entertainment skyrocketed today to an all time high. This is a money losing movie theater chain stock was up nearly 100% today, a record high 60 to 55. Bloomberg's Katie Greifeld tracks the mechanics for us. So if you look at short interest, for example, it's 19%. Today was 20% yesterday. So you aren't seeing really seeing short sellers capitulate yet here? They're in a lot of pain, but they're not backing down so If they did capitulate, you know, take down some of that those that short interest that could add another leg to this rally. So there's still multiple cylinders that could fire here. Now. Just a day earlier, AMC raise $230 million directly from one of its main creditors muck Rick now, although my creek quickly dumped its entire stake for a tiny profit Also called the company massively overvalued. Well, the Reddit retail trading crowd was having none of it was shot.
Bloomberg Radio New York
"amc entertainment" Discussed on Bloomberg Radio New York
"At hand at Bloomberg Quick Tape this He's a Bloomberg business Flash Blumberg World Headquarters. I'm Charlie. We move into the final are trading on this Wednesday, June 2nd with the Dow, the S and P higher, no Stack and the NASDAQ 100 Index both lower. Right now, the S and P s up two points. Little change. That's the key takeaway in today's trading right now, off less than 1/10 of 1%, the Dow off 21 also up less than 1/10 of 1% as stack on the minus side now down 12 and drop their of 1/10 of 1% equities bareback earlier games has the tussle between economic optimism and inflation concern continued to play out in markets. Then you yield 1.58% gold up 4/10 of 1% 19 owes 70 ounce and west Texas intermediate crude Now up 1.5% W t. I is that 68 72 a barrel Federal Reserve says the labor market is on the mend. Does. Wall Street awaits this week's employment report and that story years? Bloomberg's video Down Jude Ice Economic Growth is perking up. Beige Book survey says businesses are hiring again amid optimism about the post paint Democrat Look, though, for now there aren't enough people to fill the gaps. But that's assessment. Such the stage for Friday's employment data and economists are forecasting Maze unemployment rate. Probably Defillo 6% Vinny Del Giudice Monberg radio. Movie theater chain, AMC Entertainment Holdings has announced that it will reward small time investors who have been instrumental in AM sees wild logic, defying a share rally this year with goodies such as special screenings and free popcorn. Okay, We've got AMC popping higher up now by 94%. So far this year stock is up by more than 2800%. Tesco shares. They are on track for their biggest decline in three weeks, sitting out the broader markets games today after evey sales showed the company lost global market share in April. Tesla, now lower by 3%. I'm Charlie Public. That is a Bloomberg business Flash. This'll is Bloomberg Business Week with Carol Measure, and Bloomberg Quick takes Tim's 10 of it on Bloomberg Radio Folks We'd like to do daily check on the virus and the vaccine rollout and one headline that just crossed catching our attention..
WTOP 24 Hour News
Stock trading app company Robinhood files plan to go public
"Trading at Robin Hood is planning to go public later this year. The company's at the center of a fight between online activist investors and institutional investors over companies such as Gamestop and AMC Entertainment. Robin Hood is under congressional investigation after restricting trading of those companies earlier in the year. The APP allows users to by fractions of a share in a
Wall Street Breakfast
Robinhood-GameStop hearing will scrutinize how brokerages get paid for trades
"Game stop hearing on capitol hill stock market versus casino and news from down under leading. Today's news grab the popcorn. Robin hoods vlad. Tentative melvin capitals. Gay plotkin rutted steve. Huffman and citadels kenneth griffin and keith. Gill are also to testify. Before the house financial services committee at twelve pm eastern lawmakers will get their chance to grill the executives and hearing focused on short selling online trading platforms gamification and their systemic impact and our capital markets and retail investors. Also making an appearance is read it trading star known as warring kitty who is credited with helping start the game stop mania though his actions are being pro by massachusetts regulators since he was a registered securities broker an army of day traders following wall street bets the red at forum dedicated to quote making money and being amused while doing it up ended some market dynamics last month by taking aim at some heavily shorted stocks they ran them up as a group triggering short-squeezes and causing some hedge funds like melvin capital to record billions of dollars in losses. The party came to an end after brokerages restricted trading on stocks like game. Stop an amc entertainment. Though robin hood took the most flak due to its communication about the events and delay and taking curbs off of a meme trading
San Diego's Morning News with Ted and LaDona
GameStop shares plunge below $90 as Reddit rout continues
"And silly. The biggest lesson to be learned from the Gamestop run on Wall Street. What's had shares A Gamestop Another high flying stocks tumbled it yesterday in erratic trading following the recent standoff between the small investor guy and the big hedge fund guy. G M E. That's the stock symbol for game stopped briefly hit a price of $500 a share last week and then sank 60% to $90 a share and now was shed more than 70% of its value since last Friday. So here's the biggest lesson to be learned. Gamestop ended last year in about 18 bucks. So the blood lady ain't over after the losses the last couple of days a struggling video game retailers, market value sits in about $6 billion, down from $24 billion last week. AMC Entertainment. Also lost ground is well dropping 41% down to 72. Here's the bottom line Guys. The percentage of novice investors who lost money on Gamestop far outnumbers the percentage of those who timed it perfectly as an 80% lost money by staying in a fundamentally unsound stock too long by
WTOP
"amc entertainment" Discussed on WTOP
"That 25 55 years. Larry Kamsky, This is a Bloomberg money minute. It was another big day for Wall Street. Even though stocks backpedaled bid ahead of the close, The Dow Jones industrial average gained 476, the S and P. 500 Rose 52. The NASDAQ composite jumped 209. Looks like the party's over for the Reddit crowd. Gamestop plunged 60% giving back most of the gains fueled by Reddit Day traders. Last month. AMC Entertainment, which also rode the Reddit wave, tumbled 41%. Over is betting that home delivery will still be a thing. Even after the pandemic subsides. It's agreed to pay over a billion dollars for the alcohol delivery APP drizzly. It supers biggest acquisitions since Postmates last July. Hitting is heating up for the real estate data firm CORELOGIC sources say. Costar Group is offering $6.7 Billion in stock, The private equity firm Warburg Pincus offered less but it's been is said to be all cash from the Bloomberg newsroom. I'm Larry Kaskey on w T O P coming up after traffic and weather the remains of a Capitol police officer who died after the January 6 insurrection. Now inside the Capitol Rotunda tonight, lying in honor through tomorrow, and we'll take a look at school re openings around the area in particular what's happening in D. C in person classes resuming partially now, But teachers still are not pleased. 9 57 AM Rich Mackenzie, owner of Metropolitan Bath and Tile. Had a customer call me recently and asked if I could recommend someone that could do a small repair in her bathroom. Little surprise that the question I said Mrs Shepard, we've done to other bathrooms for you. Why wouldn't you have us do the repair? She said. Oh, my. I didn't think you'd be interested in such a small job. So it got me thinking. I wonder how many other folks out there wondered the same thing..
Bloomberg Daybreak: Asia
Robinhood eases trading limits on restricted stocks
"Want to let you know we've been talking a lot about the retail trading frenzy here in the states focused on those heavily shorted stocks. It seemed to come a bit undone during the last session, but a short while ago on the Bloomberg terminal, We got a couple of bullet points for the trading platform Robin Hood markets. The firm still has limits for AMC entertainment and Game stop. However, Robin Hood has removed limits for shares of Express and Naked brand, along with Nokia. So in some cases Restrictions that had been in place have been lifted.
Newsradio 600 KOGO
"amc entertainment" Discussed on Newsradio 600 KOGO
"Some reports of increase in overdoses. Dr. Harris says she believes that students must return to the classroom. A man in Idaho is now a six time lottery winner, Brian Moss told Idaho Lottery officials He was surprised to find his crossword scratch off ticket won him $250,000 lost noted This is his largest lottery prize to date. He says he plays in order to support Idaho's public schools and said this prize is going toward his daughter's education. It is time now. For news about your money with Sully brought to you by mail are putting the pro and protection and silly. What's driving the market this morning? Hey, guys. Stocks trading solidly higher is the market's attempting to recover from its worst weekly lost since October and Game stock debacle and all that stuff last week. Yeah, investors trying to bounce back from that epic short squeeze that gripped Wall Street and Main Street last week. Partly reflects the worries about inflated stock valuations on the across the board there By the way last week shares a Gamestop soared. 400% AMC Entertainment ended up 277% higher and the mayhem on Wall Street has already attracted the attention of regulators and lawmakers. But until actions taken, I think it's going to be well, you're going to see more frenzy going forward, Dad, John says, I guess and P today, all in the right direction, and that's like having a particularly good morning of over 1% at 138 points there 13,000 to 9 SNPL. About 6/10 of a percent. That's 37 37 Dow Jones Up nicely, 75 points of 30,055 having a good start to a February of training coming up here at 8 55. What the pros say about investing in Gamestop. Now I'll break it all down for you coming up. All right. We have details on an illegal pot operation in the East County, plus traffic and weather. Kogo news time is 8 27 this summer open up a world of possibilities for your high schooler Georgetown University. Summer High School sessions lets your student.
Daily Tech Headlines
Robinhood Reduces the Number of Stocks With Restricted Trading
"Over the weekend. Robinhood announce it reduced the number of companies with trading restrictions from fifty two eight opening new positions on game stop. Amc entertainment blackberry express. Genius brands costs naked. Brand group and nokia shares is still limited. Robin hood said it. Put the limits in place. Efforts clearinghouse deposit requirements for equities increased last
WGN Radio
"amc entertainment" Discussed on WGN Radio
"Joe, How are you? I'm doing Well, how are you? Well, I'm fine. I'm fine. But I'm looking at the markets. Look at that. The Dow's off 7 30. Plus the NASDAQ is off. 3 46. At least it was 60 seconds ago. The S and P s off 92 What's happening here today? You know that's funny because Gamestop is up about 100%. So there you go. There's our dynamic in work and play right there. But what's going on is I think we're seeing a lot of hedge funds that they got it on this this retail trading frenzy and bid these stocks up taking some profits, closing out some positions. You know, it wasn't just game stop that saw This activity this week. It was a lot of these other heavily shorted companies like AMC entertainment and in costs, And so I think what you're seeing is a lot of the hedge funds that piled into the momentum. Trader now are not getting the heck out before they caught holding the bag, But they're closing out other issues to get the money to cover. What they're losing on. These short sells right Yeah, that if that's true, it might not be the same Hedge fund better short that that are now long. Um, A lot of lot of places tend to do one of the other so it it actually could be some sort of no interest hedge fund battle between the shorts and those that make long bets. I was wondering yesterday and I don't know if anybody can know the answer, although mostly what I've heard is, don't worry. But is there a possibility that this is a one of maybe a first set of dominoes? And it's not just going to be. Ah ha! The big guys had to take it in the shorts, no pun intended, but that other things are gonna happen and other things are gonna happen. And eventually, my mutual funds or My 41. K's are suddenly going down precipitously or is this just a one off? This is a separate event, and those things aren't all connected. I think what's actually happening with Gamestop specifically and these stocks that he's kind of nostalgia Reddit stocks is it's definitely interesting and troubling, but it's not necessarily the bubble that's going to end up bursting. But But I think that the underlying mechanics kind of informing this decision making is is where the issue lies. And that's in just kind of this extreme speculation we're seeing across the market. You know, we were way we've seen for months. Stocks hit record highs Even with the economy, you know, in recession, we've seen tech stocks blow past every single possible evaluation metric that would suggest it's time to get out. Without without issue, So, yes, this is just a symptom of kind of the rampant speculation going on in markets right now And if if you listen to, you know a lot of these smart hedge fund managers. A lot of the lot of the kind of industry leaders don't tell you a big problem is the Fed keeping interest rates so low for so long? On kind of making it so there's no comeuppance if you if you continue to pilots who are really crowded trade, it'll just continue rising as long as it's interest rates are low. Maybe I shouldn't ask this. But what's the next game? Stop. What's the next day M c or BlackBerry? If you got one for me? That's a tough one. Well, the way we solid, Gamestop was kind of just like a perfect storm of things, and we had the founder of TUI's. This'd be seen a Brian Cohen made it investment. And then there was a short seller that came out with the report. And then that was just sort of like that got everyone to galvanize and decided they were going to squeeze those shorts out. Way we've seen a couple games stops in the last couple days. Since then, we've seen, you know, AMC Entertainment Tangier outlets. There's all these kind of heavily shorted companies that are that are doing that. But you know what is going to be the next target of the Reddit crowd? It's It's really impossible to know because one of the added Things here is sort of this underlying nihilism that kind of informs what they're doing like they're They're kind of half market disrupters have trolls. So you're getting a situation where there purposely picking like nostalgic stocks. And one better kind of like unpopular and you know, out of style and making those part of their decision. You know, it would be funny toe make a stock of Ah Rick and border video game retailer sore. There's that's not 100% the impotence. I mean, there's a lot of money behind this. It has to be more than just the troll job. But there's definitely sort of this. This weird fascination with kind of unstylish brands, So it's It's blockbuster video is publicly traded. Babe, You're looking at that next. I was just thinking, which would be stupid, right? But I guess you Could do anything you want. In fact, isn't there something self fulfilling about this? It's not what will be its What do you want it to be? If Reddit decided that it was some other as you say, nostalgia company. They could drive that assuming that somebody has shorted it right? Yeah, absolutely. That's the key is the shorts because when that happens, you're squeezing people out of positions, And it's kind of creating this chain reaction of buying that helps push your position even higher. And then all the people that have foam Oh, on your reddit form, Get in and then you know really it Z dangerous, But you know for people that are that get out the right time. It can be essentially very profitable. In that sense. It's it's sort of like gambling. So They're definitely from Reddit Day traders. They're gonna make a killing on this. A lot of them are going to be caught holding the bag, Esso, and like you like you mentioned, you know, this probably isn't the last time we're gonna see this way we could see a crop up crop up sometime soon. In another heavily shorted stock pressure. I like the way you described the nihilism of it and the trolling of it that is what's really driving. This is not uninterested in the company or even the viability, but really just taking it to the man And I wonder. What kind of an investment strategy that is really No, That's that. I'm really glad you brought that up, because that's definitely part of it, too on that's not a that's not a media narrative. They are on reddit, and they're saying in as many words, probably somewhere colorful words. You can't say on the radio. Let's take it to the man, so that's definitely a thing they had actually targeted Melvin Capital, which was the hedge fund that was really short game stop that ended up imploding and needing a bailout. They had targeted that there had been shattered about about squeezing that hedge fund even before this game stops stuff came to the forefront the last couple weeks, So yes, there's definitely sort of this populist uprising. I'd say amongst these people, they you know, the founder of Wall Street best himself. He mans the Wall Street. That's Twitter. Hey, said, maybe occupy Wall Street and the wrong idea. He actually said that on Twitter so clearly, you know, the person that's even running this form has Guess a societal upheaval in the in mind, and they're definitely trying to disrupt..
Tony and Dwight
AMC, Nokia and other "meme stocks" targeted by Wallstreetbets
"Gamestop on AMC Entertainment holding soaring today, signaling a red turn of the volatility for stocks popular in the Internet chat rooms as brokerages said they would start to ease trading restrictions imposed After the wild swings this week,
AM 970 The Answer
"amc entertainment" Discussed on AM 970 The Answer
"Market opens for business and a few hours following yesterday's big gains stock futures sharply lower this morning Dow futures down around 300 points. This has been quite a week for the market Royal by the drama over trading of shares of Gamestop and AMC Entertainment, among others. Shares of Gamestop up more than 900% Year to date tumbled 44% yesterday. The Biden administration moving to increase the number of people who can administer covert 19 vaccine. White House press secretary Jen Psaki says the administration will make it possible for retired medical workers to help vaccinate Americans. HHS will amend the current Prep Act declaration to permit recently retired doctors and nurses to administer covert 19 vaccines. The directive also will allow anyone currently licensed to vaccinate within their home state to administer covert 19. Shots across state lines. Greg Clugston Washington AH Liquid nitrogen Week in the Northeast Georgia poultry plants has claimed a half dozen lives, all sending 11 others to the hospital. At least three of those injured at the foundation Food group plant in Gainesville, Georgia, listed in critical condition. Evacuations ordered in areas that previously were burned by wildfires in southern California that concern for mudslides. Record rains have inundated Southern California, while blizzard conditions bury the Sierra Nevada and more than 4 ft of snow and there have been more than a dozen mudslide so far, many of them in Monterey. Meanwhile, large parts of the Midwest and the Northeast Gearing up for what could turn into a major winter storm to dump a lot of snow looking at Wall Street. Now the Dow futures are down 268 points. NASDAQ futures off 1 46. Or on these stories, a town hall dot com. Tell me why really factories so successful in lowering or eliminating pain? I'm often asked that question. Beatings have child. But the father and son, founders of.
Bloomberg Radio New York
"amc entertainment" Discussed on Bloomberg Radio New York
"From game stopped to AMC Entertainment Holdings and today, American Airlines Group. Hedge funds that had shorted the stocks have been burned in recent days, 14, forcing them to reduce holdings and stocks They loved in order to cut risks. First of all, let's get right to some of those high flying names. AMC, for example, plunging today by 50.5% came Stop is down 32.3%. Even with today's sell off, this stock is up more than 1100%. Since the start of the year. Build a bear down 22% American airline shares they are up today by 8.4% as frumpy rallying. 75 points up. 2%. Dow Industrials Up 572 RAF session highs Still a gain of 1.9% NASDAQ up 210 for the NASDAQ composite index. That is a gain of 1.6%. NASDAQ 100 Index Up by 2% Russell 2000 Little change Right now. Dow transports up 1.7%. Entered on 15 30 seconds 10 Year Yield. 1.6% Gold is down 3/10 of 1% 18 38 the ounce West Texas intermediate crude down 6/10 of 1%. 52 51 a barrel on W T I. America's economy contracted in 2020 for the first time in a decade as the coronavirus, slam workers and all industries With that story. Here's Bloomberg's video Down Jude Ice. Was domestic product dropped 2.5% last year, rocked by the second quarter's record loss in the third quarter record rebound, fourth quarter growth moderated expanding 4% The fourth started out, okay. But the new wave.
KFI AM 640
"amc entertainment" Discussed on KFI AM 640
"So that means some people are going to lose a lot of money, Tim. So many people today were wanting to buy shares. If that guy wanted to sell his shares, he would have had no problem finding buyers tomorrow. It was talking to sell today, though, because you know there was so much action on it that Ameritrade and they stopped it because they were overloaded. Look in AMC Entertainment, a theater company, which has had is trying to avoid bankruptcy because he can't go to the movies here. They had over a billion shares traded today that that has never that is like never happened for that company before. It's it's um it's zah game. It's a war. It's fun to watch. But I wouldn't put, you know. Look, I'm old and conservative. I wouldn't. I wouldn't play that same way. Can you stay with us? I want to talk to you. When we come back. There's a company that just had a for the 1st $100 billion quarter. And I think you know what stock I'm talking about. Let me look at my apple phone. Maybe it has looking on my iPad. We'll come back. We'll talk about that. It's the first time it's ever happened. They made $100 billion in a quarter. That's incredible. Jane Wells is whether we're live on K a fides, Conway show live on Ko Phi. More now. Debra Mark, drugmaker Eli Lilly says a two drug over 19 antibody cocktail cuts. Hospitalizations by 70% for high risk covert patients, Public health officials and Riverside counties say post holiday surge of covert cases appears to be ending. New Netflix show. Bridger Tin has become the platforms most viewed.
Tim Conway Jr.
GameStop mania explained: How the Reddit retail trading crowd ran over Wall Street pros
"This game Stop. It might be a really scary trend. And people might lose a lot of money here, huh? Here's what it is. It's much more complicated in this. But right now, basically what games stop shared the trading on Wall Street and some other stocks to has nothing to do with the companies. It is a war. It's a war between Main Street retail investors against Wall Street fat cat hedge funds and through things like Read it. Now enough, retail investors have been able to gather together and create a force that they could put the screws to these hedge funds, which have been shorting stocks. And make the fat cats pay. That's really what it's about These red it, folks. It had a bit more complicated Start which I won't but what it is right now. And a O. C by the way, and Elizabeth Warren are now backing them, along with the long bus, which is just makes my mind go nuts. They're basically saying, you fat cat Hedge funds on Wall Street have made so much money with your back room meetings where you're gonna short cos I won't explain how that all works. But basically you're betting on companies to fail so that you could make money. We're going to get together and we're gonna buy, buy buy, And as the share price goes up, you lose. Potentially billions of dollars. Huh? Huh? Huh? But he's not. I mean, not shorting but didn't like Romney do something like that, where him and his company would take over companies and they would borrow or spend off of their credit and then bankrupt the company, the company I don't know if Romney did it, but certainly that has been in the past What these hedge funds have done, and this is perfectly legal. They take a short position they without explaining how you're short a stock. They're basically betting that a company is not going to go well do well and that a stock price world will fall. But Elon Musk has been doing battle with the short sellers on Tesla for years, and by the way, they have lost their shirts. Yeah, He's the test list. Stocks insane, and he's been taunting them all the way up. And so now these these, it's like one of our anchors described it as occupy Wall Street. Not with money. Well, that's interesting. But Jane, don't the people that bought you know all the people on Reddit and all the you know the day traders. They don't have a ton of money. Maybe they have, like, you know, 10 $15,000 in the market, whatever. And they bought a lot of you know these stocks that are being shorted like Gamestop Gamestop today, don't they have A real You know, horrible chance of losing money because that stock is gonna go down. Yes. So look, Um, but that's all of them. It's free market. You have smart people who are getting in and out of her mouth. Paula, Half a Tia, who wants to run for governor of California was one of these who jumped in and said, Yeah, he's a Silicon Valley guy was part of the Gavin news on buying. I'm buying Well, then he comes on our air today and says, You have already got rid of my position. So he made a killing. But this, you know somebody who's maybe not sophisticated and that's all right. You know, It's your right. If you want to go out and lose your money you're now you bought it at you know, 3 50 or whatever, By the way, game stop is now after hours down 2 to 92. So it's given starting to the sell off is beginning whether you know people buy on the dips. Tomorrow it goes back up. We don't know. Same with AMC Entertainment, the theater industry Here's a funny thing, Tim. These people are trying to stick it to the man by by making these guys who are short squeezing them so that they lose so much money. They gotta cover their shorts. They gotta buy stock. All this craziness driving the stock price higher. Who's really benefiting from this? The man's man be really, really rich people who say they're not short of this doctor. Here's a perfect example. Tootsie Roll. Role has become one of these Reddit chat room. Let's buy it took to roll cause these hedge funds have a short position on it, you know, is benefiting the 88 year old matriarch, this woman Who is like what? The stock's done nothing for 20 years, and now it's up 50%. I'm worth $200 million more than I was a week ago. She's benefiting not your job blow on Main Street, right? But there was again. Jane Wells is with us. There was a there was a guy in Florida. Alone $72 million where the game stop. And you know this morning or yesterday when he woke up. He was worth $72 million, and today's were $3.5 billion Man, I sure hope he
Newsradio 970 WFLA
"amc entertainment" Discussed on Newsradio 970 WFLA
"But making sure that it is a safe event that the safe safety and well being of our visitors is number one. Mayor Castor says the only people she wants to see Eve leave Tampa unhappy or the Kansas City Chiefs. With Florida's news. I'm John Conrad. This is a Bloomberg money minute. President Biden is fulfilling a campaign promised by American and executive order requires agencies to direct more business to US cos the policy makes it harder for agencies to get waivers to buy products overseas. The list of retailers forced into bankruptcy by the pandemic is about to get longer, sources say. The Belt Department store chain is nearing a deal with lenders to file for chapter 11 Delk has about 300 stores in 16 states. AMC Entertainment says it's no longer in imminent danger of bankruptcy. Thanks to nearly $200 million in fresh financing, it now has enough cash to hold on until more widespread vaccination brings more people back to the movies. It was a lackluster day on Wall Street, but good enough to lift the S and P and NASDAQ to new highs. The Dow Jones industrial Average dropped 37, the S and P. 500 climbed 14 and as that composite gained 93 Larry Cough, Ski Bloomberg radio. Dearest felines way humans air here today to apologize for our behavior in 2020 Sorry you felt the need to give me a tongue bath because I forgot to shower for a week..
WHAS 840 AM
"amc entertainment" Discussed on WHAS 840 AM
"You a chance to win happens after the top of the hour News on NewsRadio. Wait 40 W H A s. All right. The Bloomberg money minute kind of flat Today. It's mixed numbers, except for the NASDAQ Tech is up almost a point and a half percentage wise smp. Not as much but still up. Dow is down a little bit. What's driving All this was find out with the Bloomberg money Minutes on news radio 8 40 W H. A s This is a Bloomberg money minute across Wall Street signs of speculative excess or everywhere. So what's an investor to do? Keep buying? Apparently, technology shares dub the world's second most crowded trade. Of hit records again. The tech heavy NASDAQ 100 is up 1.3% another interred a high well this week. The biggest U. S. Tech Giants open their books look for earnings from Apple, Tesla's and Facebook. Mark is this continuing development of it's too experimental covert 19 vaccines, The company says results of early states studies were disappointing and a bit of a surprise, and AMC Entertainment says it's no longer at risk of the bankruptcy filing This answer assembling $917 million off fresh financing. Continue against fight. Defend off the effects of covert 19 on the theater business. The world's lines of cinema change shares soared and the verge reports Google workers have formed a global union alliance called Alfa Global. It consists of 13 different unions. I'm John Tucker Bloomberg Radio. Free healthcare hundreds to more than $1000 per month and disability compensation and tens of thousands for college tuition. These are just some of the U. S Department of Veterans Affairs..
Bloomberg Radio New York
"amc entertainment" Discussed on Bloomberg Radio New York
"We are going to talk about to impeach or not to impeach because that is going around going around on Capitol Hill, gaining more and more support from Sitting Democrats and even Republicans charming and saying, Hey, it might be a good idea. Yes, we're gonna talk about that. We're certainly going to get into a also a little bit of some of the situations and maybe issues. They're gonna be facing Joe Biden when he steps into The White House, and that includes US China relations. Also a trillion dollars in student debt. It's for Bloomberg Business Week. It's a story, but it's been an issue that's been really overhanging us for a long time. Yeah, I mean, it's exploded in the last 15 years. This is an issue that when you talk to millennials, this is like their number One economic issue. Is this outstanding student loan debt rightfully so. All right. Looking forward to that. Let's get to the Bloomberg Business Week by two the day just quickly one number that tells us a lot 750 million AMC Entertainment, America's biggest movie chain, getting closer to its goal of raising enough money by the end of January to stave off bankruptcy, So it's looking to raise about 7 50 million, according to the company's Tokyo by the end of the month, it needs a lot of cash to keep going. All right, let's get to roll. The national News patiently sitting by Nancy lives Hey, Dan. Hey, Carol President Trump is confirming he will not be attending the inauguration of Joe Biden, even though he did promise a smooth transition of power and a video he posted last night. House Democratic leaders continue to discuss the possibility of bringing up articles of impeachment against the president as soon as next week. That's if Vice President Mike Pence and Trump's Cabinet. Do not act to remove him before them. Senator Ben Sasse is one of the Republicans condemning the President Donald Trump has acted shamefully. He has been in flagrant dereliction of his duty, and he will be remembered for having incited this and for having drawn more division into an already divided people. That that is who Donald Trump is. That is what his legacy is going.
Newsradio 970 WFLA
"amc entertainment" Discussed on Newsradio 970 WFLA
"X TV HD to Clearwater. I'm Reid Shepherd. Our top story at six o'clock, President elect Joe Biden says Our democracy is under an unprecedented assault. As the U. S Capitol was breached by protesters this afternoon, he called on them to stop. Now, the scenes of chaos in the capital do not reflect true America do not represent who we are. When asked by reporters, Biden said he is not concerned about his safety and security at the inauguration ceremony on January 20th. Meanwhile, police are using flash grenades as they slowly retake control of the capital, with the sun setting on a chaotic day. Started around 2 P.m. local time after thousands of supporters of President Trump stormed Congress during the vote to certify the 2020 election and it's official Democrats are taking control of the Senate after two historic winds in Georgia. I've read Shepherd News radio W F L A Stocks finished mostly higher as traders kept tabs on the chaos in the capital. The Dow closed at a record high with a gain of 438 points. 1.4%. The S and P rose more than half a percent. But the NASDAQ finished lower by 0.6%. The Fed released the minutes of its December policy meeting, and they show that officials expected the economy to slow down because of the virus, Serge Shares of movie theater companies rallied after AMC Entertainment said it's in talks to obtain new financing to relieve its cash crunch. AMC, the world's largest movie theater chain, is seeking to avoid bankruptcy and hang on until the box office recovers. Elon Musk is close to surpassing Jeff Bezos as the world's richest person. The Tesla chief is now worth more than $184 billion. Bezos, the head of Amazon has held the top spot since 2017..
Business Wars Daily
With Films and Audiences Scarce, Regal Cinemas Shuts its Doors
"From wondering I'm David Brown in this business wars daily on this Friday October night some sad news this week about the film industry. One of the biggest movie theater chains in America is Shutting Down Indefinitely Regal Cinemas is rolling up the red carpet at it's five hundred plus theaters in America last Sunday Regal's parent company sent a world announced it would suspend operations beginning yesterday cinna world has also closing more than one hundred, twenty, five theaters in the UK it's the largest. Movie Theater Operator there in the second largest in the world after rival AMC entertainment holdings according to the Wall Street. Journal the suspension could last two months or a little longer according to send a world's CEO speaking with New York Times the suspension. The second one for the company since the pandemic started affects forty thousand US employees and fifty five hundred in Britain and Ireland. Industry Trade. Paper variety call last weekend decision to suspend operations sudden and shocking officials made the choice after. MGM On Friday postponed the release of its next James Bond movie no time to die. MGM had planned to release the double o seven Caper in November. Now it's planned tentatively, we assume for next April even pre pandemic theaters depended on blockbuster films to fill seats since March studios have been postponing releases and in many cases moving them to streamers instead. But postponement of the twenty seventh bond film was a crippling blow to theaters counting on the release to make some money. This year according to variety the decision was so abrupt that Cinta world didn't even tell employees about the suspensions rather the company left thousands to learn about their fates in newspaper headlines and tweets workers who belong to the Cinema World Action, group and employee collective tweeted that the company gave them. No warning workers have been left out of discussions that should have included our voices they stated adding that to find out you may no longer have a job from the media is awful. Sin A world lost more than one and a half billion dollars in the first half of the year. The New York Times reports AMC theaters is also struggling AMC stock dropped ten percent Monday morning after cinema world's news analysts say it will have trouble staying afloat in six months unless film attendance jumps or the company raises more capital according to CNBC. With. The movie industry in Dire Straits, there's a whole lot of finger pointing as you might imagine, the CEO of Cinema World told The Wall Street Journal. Movie. Studios. Just aren't supplying films theaters need to keep operating he compared to a grocery shop without anything on the shelves but studio executives say they're postponing big releases because they can't turn a profit as because American viewers are still avoiding the theaters that have been open. All eyes have been on the Christopher Nolan action. Adventure movie tenant to jump start the more of an industry as we reported right Here, in August in normal times, pulled a couple of billion dollars billion with a B. Nolan is the most people director in Hollywood but tenants September release was lackluster to date. The movie has earned only forty five million dollars in ticket sales across the US NEW YORK. Times reports it's performed better overseas global receipts currently total three, hundred, million dollars, but the movie cost two, hundred million to make and millions more to promote for studio executives. Those numbers just don't add up and to reason enough for them to postpone the potential blockbusters like no time to die. So what will save the movie business it depends on whom you ask cinema world's chief is waging a PR war against New, York Governor Andrew Cuomo for not reopening theaters new. York. In Los Angeles are the two most important American markets for theater chains that they both remained closed as contributing to the weakness of the film business but with Covid nineteen cases climbing again in places like Brooklyn and Queens Governor Cuomo is standing firm. At the
AP 24 Hour News
AMC movie theaters to reopen with 15-cent tickets
"Movie theater chain, will re open in the U. S next week with retro ticket prices on the first day. AMC theaters will reopen August 20th at a one day throwback price of 15 cents a movie. The reopening is being touted as movies in 2020 at 1920 Prices. AMC Entertainment, which owns the chain, says it expects to have about 100 theaters open next Thursday. That's about 1/6 of its nationwide locations. Several states, including California and New York, have yet to allow movie theaters to reopen. AMC will require masks and we'll operate it reduced capacity to enforce social distancing. I'm Mike helping
AP News Radio
AMC to offer 15-cent tickets on first day of reopening
"The nation's largest movie theater chain will re open in the U. S. next week with retro ticket prices on the first day AMC theaters will reopen August twentieth at a one day throwback price of fifteen cents a movie the reopening is being touted as movies and twenty twenty at nineteen twenty prices AMC entertainment which owns the chain says it expects to have about one hundred theaters open next Thursday that's about one sixth of its nationwide locations several states including California New York have yet to allow movie theatres to re open A. M. C. will require masks and walk parade at reduced capacity to enforce social distancing on my campus
Monocle 24: The Globalist
Disney losing money due to COVID-19
"Time now to talk business joining me the financial analyst. Louise Koo for good to have you here on a Friday. Louise. Tell us about the. The issues that Disney is now facing in terms of its filming schedule. So in America can number of cases of coronavirus is gonNA have four million. It still increasing big. America's not really controlling the pandemic, and there are now some concerns about the economy bounced back as well. Thirty million Americans are claiming unemployment support data and yesterday in the weekly jobless figures. We had a rise again so there there are some serious concerns about the sort of economic recovery. The economic bounced back in the states and Disney really illustrates some of those problems for that specific industry, so they're saying Moulin which is the remake of the original animated film is now being spooned, and in fact no new date for its release has been set. Star Wars and Avatar that the next the next day they. In follow ups the bike. Those they've been delayed by a whole. the biggest American movie fit owner. Company called AMC. Entertainment Holdings has spawned its reopening again now. It says it's not going to reopen cinemas until mid to late. August and it just you know. An Hollywood is a big industry for America dominates the world. A whole load of other studios unsurprisingly are delaying films. They're having problems making films. I mean that's a massive massive problem. And Disney's not alone of just. So and the costs of this are massive to an industry that dominates the world, so it's yet more evidence that don't be complacent on the economic bounceback, indeed I mean if if you walk around London you see signs of movies that were supposed to be released in April and there's a sort of a cool irony to the fact that the pause button was effectively port on the hall of the Cinema Industry, and what is Disney doing in any way to try to mitigate against all this, or is he able to do anything? It's losing a whole load of money actually saw history as a whole load of other companies, so it's the usual thing. It's cost cutting. It's. Getting a hold of banks to lend it more money. That's another big issue with the the crisis. It's cutting its marketing. Spend its advertising spent. This got much to market and advertise, and then of course the other issue, big part of Disney's business is parks parks, and against even when any even when it has reopened them, and it's opening reopen. The one in Paris, but its capacity is severely reduced. And even where it has reopened I think the one in Asia. They reopened it and had to close again. That's the one. I think that was the one in China so so Sedgley. Disney's losing a whole load of money. It is not alone as a company and doing
KOGO's Evening News
Nearly 40% More Movie Theaters Open This Week, Including 15 in California
"Actors actresses directors film crews back on work working in Hollywood movie production and movie theaters allowed to re open in California after thirteen weeks in mothballs due to covert nineteen but it also impacts LA county where the movie business is the third biggest industry employing five thousand small mom and pop businesses and two hundred sixty thousand people the losses to the industry globally from the stop down five billion dollars but life in the industry for movie fans will be very different movie theater chain some white AMC entertainment warning of possible bankruptcy expected to spread out seating for audiences and require
Dennis Prager
AMC, other movie theaters plan to reopen by mid-July
"Eight earlier this month AMC entertainment the world's largest movie theater chain warned it might not be able to stay in business a bit remain closed because of the China virus but AMC has just announced it plans to re open about ninety seven percent of its theaters next
Derek Hunter
AMC Entertainment climbs on report of Amazon interest
"Stocks opened lower after mixed earnings news from companies AMC entertainment shares are up more than forty percent after a report in the Daily Mail saying Amazon is interested in buying the movie theater chain Amazon shares open
WSJ Minute Briefing
AMC Entertainment discussed on WSJ Minute Briefing
"Survey found about one in every five high school students has used e cigarettes for more on how federal regulators or cracking. Down. Listen to our what's news podcast on Friday movie pass on decline in subscribers in the third quarter, a securities filing didn't give an exact figure, but movie pass has been struggling since. Adding new restrictions to its service. It's also facing new competition from AMC entertainment for more details had to wsJcom or the w s j app.
Global News Podcast
'Black Panther' comes to Saudi Arabia as movie theater ban ends
"On this from hugo chega singer thought stephenson was being held in a minimum security prison in southern iceland a complex with no fences and where inmates are known to have access to phones and the internet the details of the escape suggest a spectacular and well executed plan after fleeing through a window in the early hours of tuesday managed to get to iceland's main international airport almost one hundred kilometers from the prison he then took a flight to sweden with a ticket he bought in someone else's name without raising any suspicion by sheer chance iceland's prime minister was on the same plane traveling for a meeting police say it is unlikely the man acted alone and that the prison guards reported him missing only after the flight had departed officials later recognize him through cctv footage the suspect had been arrested in february in a case known as the big bitcoin heist the stolen computers which is still missing have an estimate mated value of two million dollars for the first time in more than thirty five years a hollywood film has been shown to cinema in saudi arabia the screening of the action film black panther was part of a series of tests before movie theaters are open to the public next month the return of the movies is part of recent social reforms by the kingdom's young crown prince mohammad bin salman before the screening my colleague anna unin spoke to the chief executive of amc entertainment adam erin in riyadh well this is a staggering opportunity really this is a country of thirty two million people they are avid movie goers but they've been deprived of seeing movies where movies should be seen collectively innovator on a big screen so saudis for the last three decades or more have been watching movies at home they've been traveling outside the country if you look at bahrain movie theaters and dubai movie theaters they're packed every weekend with saudi nash.
Pipe-wielding man fatally shot by New York police officers in Brooklyn
"Thanks nancy now with our other top stories i'm michael barr it looks like the weekend we'll see another spring snowfall in new york and the northeast question is how much will stick the us weather prediction center says if it hits in the daytime the snow may not accumulate if the storm tracks too far south it could miss us the new york police department says officers responding to reports of a man threatening people with a gun fatally shot a man carrying a metal pipe mistaking it for a firearm police say thirty four year old shaheed rozelle was killed yesterday in the crown heights neighborhood of brooklyn chief terrance monahan of the nypd says they responded to nine one one calls about the man all three calls eighty is holding a object that appears to be a guy the new york times says attendance crowd gathered as police investigated the shooting and says police had encountered demand before and classified him as emotionally disturbed hollywood is cashing in from that goodwill tour by saudi crown prince mohammad bin salman the saudis have announced deals to bring shows from circular say feld entertainment and national geographic to the country plus amc entertainment will open as many as one hundred theaters in saudi arabia a former hsbc technology employee has been arrested by spanish police in madrid bloomberg's maria today oh has more from madrid perveen foul townie the former haters bc employee who triggered tax evasion probes by several countries after leaking private bank account data has been arrested by spanish police fell channel was found guilty of corporate espionage and given a five year prison sentence by swiss courts in twenty fifteen now until now channy had escaped prison by staying out of the nation a judge in madrid will now have to decide whether fall channing he denies any wrongdoing and describes himself as a whistle blower is that stirred is had to switzerland moran today on bloomberg radio madrid real estate prices in san francisco are soaring the median sale price of a house there rose twenty four percent in the last year to a new high of one point six million dollars oregon real estate says fear of possible interest rate hikes may be one reason still san francisco home prices have been rising steadily in recent years thanks in part to.