Mickey Mouse rides in a parade at Disney World's Magic Kingdom in Orlando, Florida. Photo: Joe Raedle/Getty Images

Wall Street is anxiously awaiting Disney earnings at market close today, after several analysts have already begun to downgrade the stock due to its unique exposure to the coronavirus epidemic.

Why it matters: Roughly half of Disney's revenue is directly tied to industries that have been shut down, like parks and resorts, advertising and film.

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Data: Yahoo Finance; Chart: Axios Visuals

Disney's damage control so far:

  • Furloughed 100,000 employees
  • Freed up roughly $13 billion in credit
  • Pushed blockbuster movies like Mulan off the release schedule while theaters are mostly closed and delayed production

Yes, but: The one bright spot for Disney throughout the pandemic has been Disney+, which Disney says has surpassed 50 million subscribers.

What to expect: Moody's SVP Neil Begley says that he expects Disney to take a hit in Q1, but that "the dramatic impact that's coming is really in Q2."

  • "We're anticipating that this will be a rough couple of quarters for the company."

Go deeper: Disney parks might not reopen until next year

Go deeper

Axios Harris Poll 100: Corporate trust soars during the pandemic

Data: Harris Poll COVID19 Tracker Wave 20; Chart: Axios Visuals

The public's view of almost every industry has improved since the beginning of the coronavirus pandemic, according to a new Axios/Harris poll. Industries with a prominent role in life under quarantine have seen especially big jumps.

Why it matters: Businesses in America were already undergoing a transformation from being solely focused on profits to being focused on values as well. The coronavirus pandemic has expedited that shift, and consumers are responding favorably to it.

The hard seltzer wars are heating up

Illustration: Aïda Amer/Axios

Competition in the hard seltzer market is heating up in the closing weeks of summer, as big companies like Constellation Brands, AB InBev and Molson Coors have entered the market and Coca-Cola is poised to join the fray in 2021.

Why it matters: The coronavirus pandemic has increased alcohol sales overall and hard seltzers are exploding in popularity and look to have staying power, boasting record high sales in recent weeks.

Why you should be skeptical of Russia's coronavirus vaccine claims

Photo: Alexey Druzhini/Sputnik/AFP via Getty Images

Russian President Vladimir Putin announced Tuesday that his country has registered a coronavirus vaccine and said that one of his daughters has already been inoculated, AP reports.

Why it matters: Scientists around the world are skeptical about Russia's claims. There is no published scientific data to back up Putin's claims that Russia has a viable vaccine — or that it produces any sort of immunity without significant side effects.