BCS - Wall Street Breakfast: The Magic Returns

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. The magic returnsClosed since March 2020 due to the coronavirus pandemic, Disney's (NYSE:DIS) two California theme parks are getting ready for their grand reopening today. Things will still look a little different with guests required to wear masks and Mickey Mouse maintaining social distancing, though the company has called back more than 10,000 cast members. The reopening of Disneyland and California Adventure will also be restricted to California residents, at least initially, despite California allowing vaccinated out-of-state visitors to visit its theme parks.By the numbers: The stringent guidelines have been quite costly. Disney's "Parks, Experiences and Consumer Products" division accounted for 37% of its $69.6B in total revenue in 2019, or around $26.2B, but a year later, revenue shrank to $16.5B, or around 25% of the

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Wall Street Breakfast: The Magic Returns