FILE -This May 13, 2020 file photo shows AMC Empire 25 theatre in Times Square in New York. Gov. Andrew Cuomo announced limited reopening of theaters outside the city area, allowing 25 percent capacity, or a max of 50 people per screen beginning Oct. 23. (Photo by Evan Agostini/Invision/AP, File)
NEW YORK (AP) — Movie theaters in New York state can reopen beginning Oct. 23 with restrictions on audience size and other precautions in place, Gov. Andrew Cuomo said Saturday.
Theaters in New York City aren’t included, and counties must have a positivity rate below 2% on a 14-day average and have no “cluster zones.”
Audiences will be restricted to 25% of capacity with a maximum of 50 people per screen, Cuomo said at his briefing. Masks will be required and there will be assigned seating to ensure social distancing.
This week, the Global Cinema Federation sent an open letter to Cuomo urging him to let theaters reopen, saying Hollywood studios may continue delaying their remaining 2020 releases if theaters remain closed. The group asked Cuomo to adopt a county-by-county plan for theater openings based on virus data, similar what it said California Gov. Gavin Newsom has done.
State and county health officials filed a lawsuit Friday against an Orange County school that they said has remained open despite an order to close because of a spike in coronavirus cases.
The Times Herald-Record reports the suit filed in state Supreme Court in Goshen names the Bnei Yoel school in Kiryas Joel, an Orthodox Jewish community. Earlier this month, Orange County health officials ordered schools in the area to close for two weeks.
In the lawsuit, a deputy county health commissioner said he visited the school on two days recently and saw children not wearing masks and not observing social distancing.
A phone message was left Saturday with the village's administrator.
Cuomo reinstated restrictions this month on businesses, houses of worship and schools in and near areas where coronavirus cases are spiking.
The new rules, which include school and business shutdowns and limitations on gatherings, affect parts of Brooklyn and Queens in New York City, sections of Orange and Rockland counties outside the city, and an area within Binghamton in the Southern Tier.
Some Jewish leaders have called the measures “blatantly anti-Semitic” for targeting Orthodox communities. On Friday, in a case brought by the Roman Catholic Diocese of Brooklyn, a federal judge upheld Cuomo’s order limiting worship to as few as 10 congregants in communities seeing spikes in coronavirus infections.
7 Energy Stocks to Buy On This Historical Dip
It may seem hard to believe, but the current chaos in the energy sector, and oil stocks, in particular, will pass. The novel coronavirus that has birthed a global pandemic is being compared to the Spanish Flu of 1918.
Of course, when you have once in a century event, it’s difficult to look back in history and make an apples-to-apples comparison to our current situation. This isn’t to minimize our current situation. It’s simply to say that the market is forward-looking, but it’s also emotional. And it also hates uncertainty.
In a typical economic downturn, demand decreases, and investors are advised to “buy the dip.” But in the current environment, demand has been destroyed. Millions of Americans are being asked, and in some cases ordered, to stay home. And this simply means that oil demand is down. And investors are looking at prices that are, in some cases, at all-time lows.
The trading app Robinhood is frequented by millennial investors. And according to the latest information, many investors are trying to buy the dip on old guard oil stocks. That may be a mistake.
But the energy sector is about more than just oil stocks. There are several companies that are holding their own in the current environment. And that means when the economy opens up, these companies will be well-positioned for further growth.
Currently, the volatility and uncertainty surrounding energy stocks make them a poor choice for growth investors. However, many of these companies in this presentation offer a secure dividend that, along with the potential for capital appreciation, can make them a solid play for income investors.
View the "7 Energy Stocks to Buy On This Historical Dip".