Jun 30, 2020
Cinemark to reopen movie theaters, pizza continues to sell
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The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus.
MOVIE TIME: Cinemark Holdings will reopen some of its U.S. movie theaters on July 24, with additional theaters reopening in subsequent weeks.
All theaters will reopen with elevated cleaning and safety standards.
Cinemark runs 555 theaters in 41 states and 15 countries throughout South and Central America. Rival AMC is also planning to reopen some of its movie theaters next month.
DEAL DELAY: Online services Yahoo Japan and Line Corp. said Tuesday that fallout from the pandemic is causing delays that will push back their merger to later than the scheduled October date.
Z Holdings Corp., which operates Yahoo Japan, and Naver Corp. of South Korea, which owns a majority stake in Line, announced last year the merger as equal partners that will form a joint venture through a tender offer.
Both sides said procedures required under law were getting delayed because of the outbreak.
“Due in part to the impact of the global spread of COVID19, the procedures and measures under the competition laws of some of the countries have not been completed,” their statement said.
A new schedule will be announced as soon as possible, they said.
— Papa John’s second-quarter comparable sales at domestic-company owned restaurants are up 22.6%. At North America franchised restaurants, the figure is up 29.6%.
The pizza company said Tuesday that almost all traditional restaurants in North America remain open and fully operational. A number of its non-traditional restaurants located in universities and stadiums are temporarily closed. About 225 of its approximately 2,100 international franchised stores remain temporarily closed, mostly in Europe and Latin America, in accordance with government policies.
— Citi Trends, which sells discounted clothing, accessories and home goods at stores in predominantly Black communities, is reporting better-than-expected sales for its second quarter.
The company said Tuesday that total sales are up 25% through June 27 compared with a year ago. Citi Trends has reopened 564 of its 574 stores and anticipates reopening the remaining stores by the end of July.
Comparable store sales for reopened stores from their respective opening dates in the second quarter through June 27 jumped 53%. Citi Trends anticipates fiscal second-quarter total sales will increase in the mid-teens, based on its quarter-to-date performance.
CENTRAL GOVERNMENTS & BANKS:
— Washington state could make a request for a federal loan as soon as August or September to secure funds by the end of the year in order to keep its unemployment trust fund solvent, according to Employment Security Department Commissioner Suzi LeVine.
The state’s unemployment trust fund — which had more than $4.7 billion at the start of March — is currently down to $2.8 billion, according to the latest numbers from the agency. Nearly 1.2 million people in Washington state have filed claims for unemployment since early March, when the pandemic job losses began. To date, the state has paid more than $6.5 billion in benefits to more than 875,000 people who filed initial claims. Two thirds of that amount is federal money that is providing the unemployed with an additional $600 a week on top of the state’s weekly maximum benefit of up to $790 per week, the second highest in the nation.
About a dozen states have already been approved by the federal government to receive loans, and several have already received funds, including California, New York and Texas.
— Spanish official statistics show that the country’s gross domestic product contracted 5.2% during the first three months of the year compared to the previous quarter, the biggest drop in at least half a century.
The National Institute of Statistics, or INE, said Tuesday that the economic freeze imposed to slow the spread of the new coronavirus impacted the economy like never before since quarterly records began to be kept in 1970. From January to March 2009, following a global financial meltdown, the country’s GDP shrank by 2.6%.
If the figures for the second quarter are also negative compared to the first, the eurozone’s fourth largest economy will officially enter a recession.
— Bahrain says it will cover 50% of the salaries of private-sector workers amid the coronavirus pandemic.
The island nation off Saudi Arabia in the Persian Gulf says the program will begin in July and covers “insured citizens employed in the private sector working for companies most affected by the coronavirus.”
The payments will go on for three months. The kingdom says it will also cover electricity bills at employees’ homes. Like other Gulf Arab nations, Bahrain has a large population of foreign workers. The kingdom’s announcement is among the most significant aid offered that covers those workers.
MARKETS: World stock markets were steady on Tuesday as investors weighed evidence of an economic recovery against a rise in reported coronavirus contagions in some countries.
Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
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July 4 is finally here – everything you can do now coronavirus lockdown eased
SUPER Saturday is TODAY - meaning lockdown has eased once again and desperately missed businesses can officially reopen.
July 4 has been dubbed the UK's Independence Day as hairdressers, pubs and cinemas are reopening to the public.8Pubs and restaurant are reopening todayCredit: Getty Images - Getty
Some hairdressers have opened at midnight as pubs had to until 6am to pull their first pints for thirsty boozers.
Businesses have finally reopened in England after being shuttered for three months because of the coronavirus pandemic.
Here is everything you are allowed to do now that lockdown has been eased.Pubs/Restaurants
Venues are encouraged to be table-service only, and have guests order drinks and food through an app where possible.
The Sun revealed this week that pubs are allowed to show the football - but it will have to be on quietly.
Loud music is also be banned to stop people having to shout to be heard by their friends.
The guidance warns venues they "should not permit live performances, including drama, comedy and music, to take place in front of a live audience".
Venues are encouraged to use disposable condiment packets where possible to limit the spread of germs via surfaces.
Cutlery won't be laid out on tables unless people order food either.
The guidance says businesses should help the NHS Test and Trace system by keeping a registry of patrons' contact details for at least 21 days in case of an outbreak.
Pubs and restaurants have to reduce the number of people in venues at any one time to allow for social distancing - but also to discourage public transport use.
The new rules ban groups of more than 30 people to form.
Toilets which have been closed throughout the coronavirus crisis are reopening in pubs, restaurants and public places.
But they are subject to strict hygiene restrictions and extra cleaning.CINEMAS
Cinemas in England are reopening on July 4.
Limited tickets are available at screenings as there must be at least three seats used to separate households.
The pick-and-mix sweet section of the cinema is going to stay closed.
Contactless payments are encouraged in venues in order to limit contact with staff.
Cinemas are expected to introduce staggered film start times to enable extra cleaning between screenings and a focus on online booking.
Plastic screens are expected to be installed at "key contact points", such as till areas.
Cineworld is one chain that has delayed their reopening to July 31.When will cinemas reopen?
HERE'S when some of the major cinema chains say they're hoping to reopen if the government gives them the green light.
- Cineworld: From July 10 in England. Tbc in Northern Ireland, Scotland, and Wales.
- Curzon: From July 4, although exact social distancing measures yet to be confirmed.
- Everyman: From July 4, although social distancing measures yet to be confirmed.
- Odeon: Reopening date and social distancing measures yet to be confirmed.
- Picturehouse: From July 10 in England. Tbc in Northern Ireland, Scotland, and Wales.
- Showcase: From July 4
- Vue: Phased reopening planned across the UK from July 10, although exact social distancing measures yet to be confirmed.
See When will cinemas reopenfor more information.OVERNIGHT STAYS
Hugging and other body contact is not allowed under the plans but people are now allowed to stay at each other's homes overnight.
It means families are able to visit loved ones - although only 2 households can combine at any one time.
There is no limit to the number of households you can meet indoors or out, so long as it is one at a time.
It means that families can visit one set of grandparents one night, then visit another set of grandparents the following day.
The rules for meetings indoors are separate from the “social bubble” plan that allows single-person households to join another household.
It lets them act as one household, meaning they can hug and kiss.
The rule allowing groups of up to six from six different households to meet outdoors remains unchanged.CAMPING Campsites will begin to open from July 4
Campers can rejoice as campsites have reopened from July 4 - as long as communal spaces remain clean and safe.
Campsites, along with caravan parks, hotels, B&Bs and holiday lets have reopened and people are allowed to travel to their second homes to stay overnight.
This includes one other household, meaning two households are able to go on holiday together.HAIRDRESSERS
Hairdressers all over the UK are fully booked up for five weeks, with desperate Brits keen to get rid of their lockdown look.
Some are opening at midnight, and some are said to be sticking to their normal 9am-5pm hours, but others say they plan to open their doors at 4am and work longer hours to get through their client list.
Workers are wearing gloves and a mask, and some salons have installed perspex screens above the basins too.
There is unlikely to be the usual chatter from your hairdresser, with talking kept to a minimum to reduce the potential spread of germs.Barber Scott Camilleri tapes a chair to observe the two-metre rule as he prepares to reopen Northern Souls barbershop in Stockport OUTDOOR PLAYGROUNDS
Outdoor playgrounds are open for as long as it can be done safely.
However, soft-play areas are still closed.
The opening of parks and outdoor spaces will mean kids have a space to run around and explore.
Some outdoor facilities such as tennis and golf have been open since May 13.
They now count as outdoor facilities and, with appropriate hygiene practices, like keeping our hands clean, will be safer.Most read in News'KILLER'S HELPER'Civilian who 'helped soldier cut up Vanessa Guillen's body' is chargedHORROR DEATHSFamily of 26-day twins ‘ripped apart’ by jealous pet Labrador break silenceExclusive‘SHE KNOWS EVERYTHING’Maxwell 'to name names' & Andrew 'worried,' ex-Epstein mentor saysExclusive'MADAM' MONITOREDGhislaine on suicide watch after swapping life of luxury for cramped cellFEUDKellyanne Conway's daughter slams mom & tells dad 'sorry your marriage failed'‘SEX OBSESSED’How Ghislaine 'hosted oral sex-themed dinner with sex toys at every table' GYMS
Gym sadly will not reopen on Super Saturday.
Instead, they are expected to open in mid July, although the PM did not give the exact date.
Speaking of Britain's new freedoms, Mr Johnson told LBC on Friday: "The best way forward for the country is to get the economy moving again."
He added: "We are going to reopen gyms as soon as we can do it in a Covid-secure way and I think that the date for reopening gyms at the moment, if we can do it, is in just a couple of weeks' time."