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Walt Disney World on March 23 in Orlando, Florida. Photo: Alex Menendez/Getty Images

Disney on Wednesday submitted a proposal for a phased reopening of its iconic Walt Disney World theme park in Florida beginning on July 11.

Yes, but: The plan, which was presented to the Orange County economic recovery task force, needs approval from Orange County Mayor Jerry Demings and Florida Gov. Ron DeSantis before it can officially be put into place.

Why it matters: As a global leader in entertainment and tourism, Disney's reopening is being watched closely by companies and consumers around the world to see whether a safe reopening of a major venue is possible.

Details: Disney's plan is to open its Magic Kingdom and Animal Kingdom parks on July 11 and to open EPCOT and Hollywood Studios on July 15, the company said on Wednesday.

  • The parks will take a number of safety precautions, including temperature checks of employees and customers. Disney plans to add hand sanitizing stations and will limit the parks' capacity.

The big picture: Disney closed its U.S. theme parks in mid-March. It has not yet released a plan for reopening Disneyland Park in California, as the state's phased reopening measures are behind Florida's.

  • Disney closed its theme parks in China in January. The company was lauded for the successful reopening of its Shanghai theme park on May 11.

By the numbers: Disney's parks and resorts sector, its largest business, saw a 10% decrease in revenue from the previous quarter. In an earnings report earlier this month, Disney said operating income from its parks division was down 58% from this time last year.

  • Disney World employs about 77,000 people, more than half of which (43,000) were furloughed in April.
  • In total, the company says it lost approximately $1 billion during the first quarter of 2020, primarily due to revenue deficits attributable to the pandemic.

Go deeper

3 hours ago - Politics & Policy

Trump to issue at least 100 pardons and commutations before leaving office

Photo: Mandel Ngan/AFP via Getty Images

President Trump plans to issue at least 100 pardons and commutations on his final full day in office Tuesday, sources familiar with the matter told Axios.

Why it matters: This is a continuation of the president's controversial December spree that saw full pardons granted to more than two dozen people — including former Trump campaign chair Paul Manafort, longtime associate Roger Stone and Charles Kushner, the father of Trump's senior adviser and son-in-law, Jared Kushner.

  • The pardons set to be issued before Trump exits the White House will be a mix of criminal justice ones and pardons for people connected to the president, the sources said.
  • CNN first reported this news.

Go deeper: Convicts turn to D.C. fixers for Trump pardons

Schumer's m(aj)ority checklist

Senate Minority Leader Chuck Schumer. Photo: Tasos Katopodis/Getty Images

Capitalizing on the Georgia runoffs, achieving a 50-50 Senate and launching an impeachment trial are weighty to-dos for getting Joe Biden's administration up and running on Day One.

What to watch: A blend of ceremonies, hearings and legal timelines will come into play on Tuesday and Wednesday so Chuck Schumer can actually claim the Senate majority and propel the new president's agenda.

The dark new reality in Congress

National Guard troops keep watch at security fencing. Photo: Kent Nishimura/Los Angeles Times via Getty Images

This is how bad things are for elected officials and others working in a post-insurrection Congress:

  • Rep. Norma Torres (D-Calif.) said she had a panic attack while grocery shopping back home.
  • Rep. Jim McGovern (D-Mass.) said police may also have to be at his constituent meetings.
  • Rep. Adam Kinzinger (R-Ill.) told a podcaster he brought a gun to his office on Capitol Hill on Jan. 6 because he anticipated trouble with the proceedings that day.