San Francisco to ease more coronavirus restrictions, mayor says

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The following data was compiled by Johns Hopkins University:

  • Global cases: More than 33.46 million 
  • Global deaths: At least 1 million
  • U.S. cases: More than 7.16 million
  • U.S. deaths: At least 205,547

Disney to lay off 28,000 employees

Disney cuts 28,000 domestic jobs due to impact of pandemic
Disney cuts 28,000 domestic jobs due to impact of pandemic

Disney will lay off 28,000 employees across its parks, experiences and consumer products segment. The company blamed prolonged closures and capacity limits at open parks for the layoffs.

In a memo sent to employees on Tuesday, Josh D'Amaro, head of parks at Disney, detailed several "difficult decisions" the company has had to make in the wake of the coronavirus pandemic, including ending its furlough of thousands of employees. 

While Disney's theme parks in Florida, Paris, Shanghai, Japan and Hong Kong have been able to reopen with limited capacity, both California theme parks have remained shuttered. —Sarah Whitten

San Francisco to ease more coronavirus restrictions, mayor says

A worker wearing a protective mask cleans a table in front of a pizza restaurant in San Francisco, California, U.S., on Monday, June 15, 2020.
David Paul Morris | Bloomberg | Getty Images

San Francisco Mayor London Breed announced that the city will lift more coronavirus restrictions on businesses beginning Wednesday after the area was granted permission to do so by the governor's new four-tiered reopening plan. 

Restaurants, bars that serve meals and places of worship will be allowed to reopen for indoor operations at 25% capacity up to 100 people with health precautions, according to a statement from Breed's office. Indoor shopping centers and malls will be allowed to reopen at 50% capacity. 

The city will also allow "children's carousels, miniature trains, and Ferris wheels, like the Observation Wheel in Golden Gate Park," to reopen with safety precautions. 

San Francisco officials are eyeing an Oct. 7 reopening date for indoor movie theaters with limited capacity, and public outdoor parks could reopen in mid-October, the statement said. — Noah Higgins-Dunn

Fast-food restaurants expected to gain 8% in market share due to pandemic

One of the rare winners in the restaurant industry during the coronavirus pandemic is the fast-food sector.

Eateries known for their quick service and drive-thru lanes are expected to grow their market share by 8% this year, according to Technomic. Fast-food restaurants have been able to rebound from the pandemic much faster than the broader industry, which has been flipped on its head by the crisis.

Overall, the restaurant industry is expected to lose $240 billion in sales because of the pandemic, based on estimates from the National Restaurant Association. —Amelia Lucas

New York City misses out on billions of tourism dollars as coronavirus keeps Broadway dark

All theater performances in New York are suspended through the remainder of 2020 due to the coronavirus outbreak. Pictured, shuttered Broadway theaters.
Photo by Spencer Platt/Getty Images

The coronavirus has crippled the live theater industry, especially in its central hub in New York City. Popular shows like "Hamilton," "The Lion King" and "Moulin Rouge," which sold millions of dollars in tickets each week, aren't generating any revenue and won't for at least four more months.

The absence of theatergoers, who spent billions at restaurants, hotels and public transportation, is taking a further toll on the city's economy.

Broadway tourists are particularly important to the area because of how long they stay in the city and how much time they spend in and around Times Square. For 2019 stays, these tourists spent $1.8 billion collectively on food and drink in the city, $2.2 billion on accommodations and $1.04 billion shopping at local retailers. —Sarah Whitten

Movie theaters in jeopardy as studios move blockbusters to 2021, audiences stay home

Six months after the pandemic restrictions began, movie theaters are among the many businesses without a clear path to recovery.

As the world races to find a vaccine, theater operators continue to struggle. There are no major, big budget Hollywood films set for theatrical release until the weekend before Thanksgiving, and audiences remain hesitant to return to cinemas despite new safety protocols.

Since January, AMC, IMAX, Cinemark and Marcus Theaters have seen their stocks stumble. On a combined basis, the sell-off has wiped out nearly $2.7 billion in market value for these stocks since the beginning of the year.

The threat of a resurgence of cases in the cooler autumn and winter months makes the future of the industry even more uncertain. —Sarah Whitten

New York sees clusters pop up in Orthodox Jewish communities, governor says

New York Gov. Andrew Cuomo warned during a press briefing that clusters of coronavirus cases are growing around New York City, specifically in ZIP codes that "overlap" with large Orthodox Jewish communities. 

State health officials are investigating 20 of the state's ZIP codes where Covid-19 hot spots appear to be growing. The percentage of total tests returning positive in some of those ZIP codes has reached above 10%, far beyond the roughly 1% infection rate New York has reported for weeks. 

Cuomo said he plans to meet with religious leaders from the Orthodox Jewish community and warned that health measures he ordered to curb the spread of the coronavirus "apply to every religion." 

"This is a concern for their community, public health concern for their community. It's also a public health concern for surrounding communities," Cuomo said. "A cluster today can be community spread tomorrow." —Noah Higgins-Dunn

With treatment advances, doctors are now saving more lives

Almost nine months into the pandemic and with more than 1 million lives lost, doctors across the world are still learning about and adapting to the virus as they discover new and horrible ways it affects the body — as well as which treatments are most effective at keeping people alive.

"We're seeing clinical case-fatality rates slowly drop," Dr. Mike Ryan, executive director of the World Health Organization's health emergencies program, said Friday. "We're seeing doctors and nurses making better use of oxygen, better use of intensive care, better use of dexamethasone."

Physicians who spoke with CNBC said they are also increasingly confident that new treatments, clinical strategies and even lessons learned about patient care by hospital administrators have helped reduce the risk of death from Covid-19. —Will Feuer