European markets lower…Vegas casinos start to reopen… China easing airline access amid conflict with Washington
UNDATED (AP) – European markets opened lower today while Asian shares gained after Wall Street rose on better U.S. jobs and manufacturing conditions than expected. In early trading, the FTSE 100 in London was down 0.1% and Frankfurt’s DAX lost 0.5% The CAC 40 in France shed 0.4%. In Asia, Tokyo’s Nikkei closed 0.4% higher, the Shanghai Composite Index shed 0.1% and the Hang Seng in Hong Kong closed up 0.2%. The Kospi in Seoul rose 0.2%. U.S. futures are lower.
LAS VEGAS (AP) – Casinos in Las Vegas are starting to reopen today. Hotel casinos in suburban areas began reopening just after midnight. Later this morning the iconic Bellagio fountain will restart and many neighboring resorts on the Las Vegas Strip will reopen. There are big hopes for recovery as officials balance health concerns against the economic loss of billions of dollars per month in gambling revenue and unemployment that topped 28% during an idled April.
UNDATED (AP) – Movie theater chain AMC says it may not survive the coronavirus pandemic, which has shuttered theaters and led film studios to explore releasing more movies directly to viewers over the internet. AMC, the largest U.S. chain, says it has enough cash to reopen its theaters this summer. If it can’t do that, it will need more money, which it may not be able to borrow. Cinemark said Wednesday it’s trying to bring customers back with discounts and vigorous cleaning protocols for theaters.
PHILADELPHIA (AP) – Clogs in sewers and storm water drains are increasing during the pandemic as home-bound Americans are looking for alternatives to bathroom tissue because of occasional shortages, while stepping up efforts to sanitize their dwellings and themselves. Officials throughout the U.S. have issued pleas to be careful about what gets flushed down the toilet. The outbreak is further strapping local budgets while sharpening debate over whether body wipes are suitable for toilet disposal.
BEIJING (AP) – Chinese regulators say more foreign airlines will be allowed to fly to China as anti-coronavirus controls ease. But it is unclear whether that will defuse a fresh conflict with the Trump administration over air travel. Washington said earlier it would bar four Chinese airlines from the United States because Beijing was failing to allow United Airlines and Delta Air Lines to resume flights to China.