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Disney CEO Bob Iger pushed back on reports of worrisome drops in Disney World attendance, claiming that foot traffic is down because of difficult comparisons with 2020, when Florida’s lax COVID restrictions sparked an unusual boom at the theme park.

“Florida opened up early during COVID, and it created huge demand. It didn’t have competition because there were a number of other places — states — that were not open yet,” Iger said during a televised CNBC interview on Thursday.

Since 2019, lines for attractions at Magic Kingdom, Disney’s most-visited park, have gotten increasingly shorter, it was reported this week. Average wait times fell from 47 minutes per ride in 2019 to 31 minutes in 2022, according to The Wall Street Journal.

So far this year, lines at Magic Kingdom are averaging 27 minutes, according to The Journal. Shrinking wait times are also reportedly a trend that are apparent at EPCOT, Hollywood Studios and Animal Kingdom.

In response, Iger told CNBC that in 2020, “Florida was the only game in town,” suggesting that wait times have dropped because “there’s much more competition today” and he’s “not at all concerned” that attendance would continue to drop and affect business over time.

CNBC interviewer David Faber asked the Mouse House boss if the company’s warring lawsuits with Gov. Ron DeSantis could be impacting attendance.

“No,” Iger said definitively. “We see no sign of that at all.”

Iger also said that The Journal’s report of declining attendance failed to take into account that Orlando, Fla.’s temperatures soar “to about 100 degrees and 99% humidity” in the summer.

He added that Independence Day’s figures are “inaccurate” measures of year-over-year declines as it only accounted for a single day.

“We do not have long-term concerns about that business,” Iger added of the Orlando theme park.

Orlando’s Walt Disney World closed its doors for COVID on March 16, 2020, and was permitted to reopen just four months later, in July of 2020.

For reference, California officials didn’t allow Disneyland’s West Coast park to reopen until April 30, 2021, more than one year after its initial closure.

July 4 attendance at Disney was particularly dismal, The Journal found.

Disney’s Hollywood Studios, which features Disneys Star Wars attractions, saw its third-slowest day of the past year on the Fourth of July.

Jaime Brown, a Walt Disney World annual pass holder who lives in Celebration, Fla., told The Wall Street Journal that she visited all four of the resorts theme parks during the week of July 4.

Brown said that she managed to easily patronize attractions that are normally in high-demand such as Spaceship Earth and the Topolinos Terrace restaurant.

I couldnt believe how light the crowds were, Brown told The Journal.

The Post has reached out to The Walt Disney Company for comment.

Travel agents have attributed Disney’s pricing model, in part, for its dwindling attendance.

Ticket prices surged in early December — and the cost of entering Magic Kingdom around the holidays nearly doubled.

Despite generating a whopping $28.7 billion in revenue and $7.9 billion in profit for fiscal year 2022 — topping the company’s pre-pandemic performance — Iger upped one-day tickets to any of its four Orlando theme parks from $109 to anywhere between $124 and $189 depending on date and demand.

Three of Disney’s annual passes also got a price increase.

The Incredi-Pass increased to $1,399 from $1,299 and the Sorcerer Pass went from $899 to $969. In addition, the PiratePass will cost $749, up from $699, while Pixie Pass prices remain at $399.

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Technology

More demand than supply gives companies an edge, Jim Cramer says

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More demand than supply gives companies an edge, Jim Cramer says

“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies.

“When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said.

Intel‘s strong earnings results were in part because of more demand than supply, Cramer suggested. He noted that the company’s CFO, David Zinsner, said the semiconductor maker is supply constrained for a number of products, and that “industry supply has tightened materially.”

Along with Intel, other tech names that are also supply constrained and performing well on the market include Micron, AMD and Nvidia, Cramer continued.

These companies don’t have enough product in part because the storage needs of artificial intelligence are incredible high, Cramer said. He added that he thinks demand has overwhelmed supply because semiconductor capital equipment companies didn’t manufacture enough of their own machines as they simply didn’t anticipate such a volume of orders.

Outside of tech, Cramer said he thinks airplane maker Boeing and energy company GE Vernova are also supply constrained, adding that he thinks the former will say it’s short on most of its planes when it reports earnings next week. GE Vernova is supply constrained with its power equipment, like turbines that burn natural gas, he continued, which is the primary energy source for the ever-growing crop of data centers.

GE Vernova and Boeing are also set to be winners because they make big-ticket items that other countries can buy from the U.S. to help close the trade deficit, Cramer added.

“In the end, we have more demand than supply in a host of industries and that’s the ticket for good stock performance,” he said. “I don’t see that changing any time soon.”

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Environment

As Texas power demand surges, solar, wind and storage carry the load

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As Texas power demand surges, solar, wind and storage carry the load

Electricity demand is surging in Texas, and solar, wind, and battery storage are meeting it.

According to new data from the US Energy Information Administration (EIA), electricity demand across the Texas grid managed by the Electric Reliability Council of Texas (ERCOT) hit record highs in the first nine months of 2025. ERCOT, which supplies power to about 90% of the state, saw demand jump 5% year-over-year to 372 terawatt hours (TWh) – a 23% increase since 2021. No other major US grid has grown faster over the past year.

Solar and wind keep ERCOT’s grid steady

The biggest growth story in Texas power generation is solar. Utility-scale solar plants produced 45 TWh from January through September, up 50% from 2024 and nearly four times what they generated in 2021 (11 TWh). Wind power also continued to climb, producing 87 TWh through September – a 4% increase from last year and 36% more than in 2021.

Together, wind and solar supplied 36% of ERCOT’s total electricity over those nine months. Solar, in particular, has transformed Texas’s daytime energy mix. From June to September, ERCOT solar farms generated an average of 24 gigawatts (GW) between noon and 1 pm – double the midday output from 2023. That growth has pushed down natural gas use at midday from 50% of the mix in 2023 to 37% this year.

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Battery storage is filling in the gaps

Batteries charge during the day when wind and solar generation are the highest, and they produce electricity when generation from wind and solar slows down. ERCOT began reporting battery output separately in October 2024 in its hourly grid data, and it’s clear that batteries are now helping to smooth out evening peaks. This past summer, batteries supplied an average of 4 GW of power around 8 pm, right as solar production dropped off.

Natural gas is flatlining

Natural gas is still Texas’s dominant power source, but it isn’t growing like it used to. Between January and September, gas-fired plants generated 158 TWh of electricity, compared to 161 TWh in 2023. Gas comprised 43% of ERCOT’s generation mix during the first nine months of 2025, down from 47% in the first nine months of 2023 and 2024.

More demand growth ahead

The EIA expects Texas electricity demand to keep rising faster than any other grid in the US. In its latest Short-Term Energy Outlook, the EIA projects ERCOT’s demand will climb another 14% in the first nine months of 2026, reaching 425 TWh. That means Texas will need even more solar, wind, and battery storage to keep up with its breakneck growth.

Read more: This $900 million solar farm in Texas is going 100% to data centers


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Politics

Trump to nominate SEC’s ‘pro-crypto’ Michael Selig as CFTC chair: Report

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<div>Trump to nominate SEC's 'pro-crypto' Michael Selig as CFTC chair: Report</div>

<div>Trump to nominate SEC's 'pro-crypto' Michael Selig as CFTC chair: Report</div>

The rumored nomination of Michael Selig follows the CFTC nomination process hitting a snag in September when Brian Quintenz was withdrawn.

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