Disney takes $1.4 billion profit hit over Covid-19 lockdowns
The Walt Disney Company has said its profits in the first three months of the year are $1.4 billion lower because of the coronavirus lockdowns in many parts of the world. The company saw a particular slump in income from its theme parks, which have been shut down due to the virus spreading. Also today: more bad news in the travel industry, as the home rental giant Airbnb cuts 25 percent of its workforce. Our Business Editor Stephen Carroll tells us more.