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Data: Company filings; Chart: Axios Visuals

Disney's kingdom is losing its magic to the coronavirus pandemic.

Why it matters: Analysts point to Disney's healthy balance as proof that the company will weather the storm, but its experience dealing with coronavirus will fundamentally alter the way the nearly 100-year-old business operates moving forward.

Driving the news: A services union group said Sunday that Disney would furlough over 43,000 of its 75,000 employees of its Walt Disney World theme park.

The big picture: Several of Disney's blockbuster films have been postponed as theaters remain shuttered. The production of other Hollywood titles is being put on hold as social distancing measures are in place.

  • Disney cruise lines extended some of its temporary sailing suspensions. The company has closed most of resorts worldwide and many stores.

By the numbers: As a result of the pandemic, Disney's stock has dropped nearly 30 percentage points as of Monday from its peak in January.

  • Its stock price gas reached its lowest point since 2014, erasing six years of gains that have mostly been fueled by box office dominance.
  • Disney has begun increasing its access to cash so that it can weather the storm.

Between the lines: Despite the fact that TV consumption is up, Disney's flagship sports network ESPN is also being impacted by the crisis.

  • On Monday, ESPN said that it's asked its 100 highest-paid commentators to take a 15% pay cut over the next three months.

Yes, but: Despite these challenges, Disney+, is flourishing as families stuck at home look for easy ways to entertain their kids.

What's next: Bob Iger, who in February announced his retirement as Disney CEO, has re-engaged with the company amid the coronavirus pandemic, N.Y. Times media columnist Ben Smith writes.

  • Per Smith, Iger is helping to craft a response to the crisis to address Disney's future, including reopening the company with less office space and ending glitzy and expensive old-school television practices like TV ad upfronts.

Go deeper: Disney World furloughing 43,000 workers following coronavirus shutdown

Go deeper

Storms pummel Pacific Northwest as floodwaters rise

An image of the water-logged Sumas Prairie area taken last Friday. Photo: B.C. Ministry of Transportation/Twitter.

The latest ferocious storm system to hit the Pacific Northwest triggered fresh evacuation orders in flood-ravaged British Columbia and at least one mudslide late Sunday.

Threat level: Flood sirens sounded in Washington state as the Nooksack River overflowed south across the border and into Canada. Abbotsford Mayor Henry Braun told reporters there was "nothing to stop it," as the rising waters neared the B.C. border city.

Updated 1 hour ago - Health

First North American Omicron cases identified in Canada

COVID-19 testing personnel at Toronto Pearson International Airport in September. Photo: Steve Russell/Toronto Star via Getty Images

The first two cases of the new Omicron variant have been detected in North America, the Canadian government announced Sunday evening.

Driving the news: The World Health Organization has named Omicron a "variant of concern," but cautioned earlier on Sunday that it is not yet clear whether it's more transmissible than other strains of COVID-19.

Former Defense Secretary Esper sues Pentagon over book

Former President Trump and former Defense Secretary Mark Esper at the White House in 2020. Photo: Mandel Ngan/AFP via Getty Images

Former Defense Secretary Mark Esper filed a lawsuit Sunday against the Defense Department, accusing the Pentagon of "censoring" his First Amendment rights by redacting parts of his upcoming book on the Trump administration.

The big picture: Esper, who served as defense secretary from July 2019 until he was fired by then-President Trump in November last year, alleges in the suit that "significant text" is "being improperly withheld from publication" of the manuscript "under the guise of classification."