Help! My Carnival cruise credit offer is sunk, and I can’t get a refund
Q: Last year, I paid a $750 deposit for three tickets on a Carnival cruise from Los Angeles to Puerto Vallarta, Mexico. After the COVID-19 outbreak, Carnival canceled its cruises. Carnival refunded one of the deposits. It sent me a letter stating we had until May 2021 to decide whether to accept a full refund or reschedule a cruise and get $500 additional cruise credit.news.yahoo.com
Two travel stocks and one ETF could ride reopening wave as U.S. hits 70 million vaccine doses, strategists say
The S&P 500 may be coming off a losing week, but travel and leisure stocks have run hot. Bets on the reopening trade as the U.S. passed 70 million vaccine doses have ignited a fire under these stocks. "Lido Advisors has taken a position in their Lido recovery portfolio in Las Vegas Sands," Sanchez told CNBC's "Trading Nation" on Friday. Craig Johnson, chief market technician at Piper Sandler, says one stock could be a way to get exposure across the entire travel industry. He now sees the stock heading back to its former highs set in 2018 — a target that implies 35% upside.cnbc.com
Kia unveils 2022 Carnival as new SUV-inspired minivan with VIP lounge seating
Kia Motors is replacing its Sedona minivan with a new SUV-inspired model called the Carnival beginning in the second quarter of this year. The 2022 Carnival "multi-purpose vehicle," also known as a minivan, features a boxy exterior, large front grille and an overall design that looks more bold and rugged than the outgoing model. It features new front and rear signature lighting as well as Kia's new logo, which was announced earlier this year. The vehicle, which was unveiled Tuesday, features a host of new safety features as well as new sliding configurations for the second-row seating and an available "VIP Lounge Seating" with power controls and leg extensions much like a traditional reclining chair. "The Kia Carnival is here to disrupt a staid segment and proves once again what is possible when conventions are shattered," Kia Motors North America CEO Sean Yoon said in a release.cnbc.com
Germany ekes some fun out of a quiet Carnival
A reveller stands in front of a political carnival float depicting Russia's President Vladimir Putin fighting with opposition leader Alexei Navalny in the streets of Duesseldorf, Germany, Monday, Feb. 15, 2021. Because of the coronavirus pandemic the traditional 'Rosenmontag' carnival parade are canceled but eight floats are pulled through the empty streets in Duesseldorf, where normally hundreds of thousands of people would celebrate the street carnival. But organizers in Duesseldorf, one of the German Rhineland's main Carnival strongholds, didn't want to let Rose Monday in 2021 go completely without the traditional caricatures of current events. “It's a small signal that we're alive,” float builder Jacques Tilly told the German news agency dpa. Another depicted the brain flying out of the head of an activist against coronavirus restrictions.
Brazil Carnival goes online with street parties banned
A woman dressed as a superhero and wearing a mask to curb the spread of the new coronavirus performs in the "Desliga da Justica" street band in Rio de Janeiro, Brazil, Sunday, Feb. 14, 2021. Their performance was broadcast live on social media for those who were unable to participate in the carnival due to COVID restrictions after the city's government officially suspended Carnival and banned street parades or clandestine parties. “When everyone is immunized, we are going to have the biggest Carnival that Brazil has ever seen. One of the biggest street party associations, Blocos da Sebastiana, this year organized workshops on Carnival makeup and instruments and offered playlists of their music. “We would like to be partying on the street but we can’t.” said Rita Fernandes, president of Blocos da Sebastian.
Rio makes do as Carnival festivities are canceled
“It’s magic,” said Das Chagas, who has participated in the Carnival parade for the past 44 years. Eduardo Cerqueira das Chagas speaks with a customer in a store recently opened by the Uniao da Ilha samba school in Rio de Janeiro’s Ilha do Governador. “Do you have masks?” Das Chagas nods, pulling out a few different models. Samba schools — mostly rooted in working-class and favela communities — rely on an army of seamstresses, carpenters and artisans to realize their visions. Because, even without Carnival, Carnival is within us, it’s in our blood.”AdvertisementIonova is a special correspondent.latimes.com
A subdued year for Germany's Carnival, thanks to the virus
A carnival reveler is watched by public order guards at the "Alter Markt" where normally tens of thousands of revelers dressed in carnival costumes would celebrate the start of the street carnival in Cologne, Germany, Thursday, Feb. 11, 2021. This year all carnival celebrations are banned due to the coronavirus pandemic. (AP Photo/Martin Meissner)BERLIN – Germany’s renowned Carnival celebrations got underway Thursday but without any of their usual raucous revelry. One of Germany’s first superspreader events stemmed from a Carnival celebration in a town west of Cologne last February where many people came in contact with an infected man. Cologne festival committee President Christoph Kuckelkorn told Germany’s dpa news agency that Carnival could emerge from this year purified, returning closer to its roots from the increasingly commercial, excessive celebration it had become.
With Carnival scrapped, Rio’s Sambadrome hosts vaccinations
In a normal year, Rios Sambadrome would be preparing for its great moment of the year: the worlds most famous Carnival parade. But a week before what should be the start of Carnival, the pandemic has replaced pageantry. (AP Photo/Bruna Prado)RIO DE JANEIRO – In a normal year, Rio de Janeiro’s Sambadrome would be preparing for its great moment of the year: the world’s most famous Carnival parade. Rio’s hotel occupancy rate normally reaches about 80% in the hot summer months and 100% during Carnival. It's now at roughly 50-60%, according to Alfredo Lopes, the president of Rio’s Hospitality Workers Union.
Carnival cancels cruises through April -- or later -- due to COVID-19
HOUSTON – Carnival has canceled all cruises from U.S. ports through April 30, 2021, the cruise line said. The cruise line said travelers should look for an email or check with their travel agent for more details. “As we confer with industry partners and regulators on the protocols and procedures that will guide our operations when we resume sailing, we will continue to make information available (here),” the post reads. “Thank you for your continued understanding and support.”Carnival has repeatedly pushed back sail dates locally and across the U.S. as the COVID-19 pandemic has continued. MORE ON CARNIVAL CRUISES AND THE PANDEMIC.
Pandemic-era Mardi Gras: No big crowds, but plenty of cake
FILE - In this Tuesday, Feb. 25, 2020, file photo, Mondo Kayo parades down Chartres Street during Mardi Gras, in New Orleans. The Mardi Gras season always starts on Jan. 6 and ends on Fat Tuesday, which this year falls on Feb. 16. The Krewe de Jeanne d’Arc is a club that annually pays homage to the fallen French hero with a parade through the French Quarter on the official start of the Carnival season. In Mobile, Alabama, dozens of parades, balls and other events also have been canceled. The city on the Gulf of Mexico calls itself the birthplace of Mardi Gras since celebrations began there a few years earlier than in New Orleans.
S&P 500 ends at another record high as tumultuous 2020 ends
The benchmark S&P 500 index finished with a gain of 16.3% for the year, or a total return of about 18.4%, including dividends. And the S&P 500 rose or fell by at least 1% on twice as many days in 2020 than it did, on average, since 1950. The electric car maker jumped 743.4% in 2020 for the biggest gain in the S&P 500. All told, the S&P 500 set 33 record highs in 2020. The S&P 500 rose 24.03 points, or 0.6%, to 3,756.07, an all-time high.
Stocks making the biggest moves midday: Pfizer, Nikola, Carnival, FuboTV & more
Pfizer — Shares of Pfizer rose 2% after the drugmaker said it would supply the U.S. with 100 million additional doses of its Covid-19 vaccine by July. The U.S. government will pay $1.95 billion for the incremental doses, bringing the total paid to Pfizer to nearly $4 billion. Nikola — Shares of Nikola Corp. dropped nearly 10% after the company announced that it has ended its partnership with Republic Services to jointly develop electric garbage trucks. FuboTV — Shares of FuboTV lost more than 8% after a major run-up in shares recently. Chevron, Exxon, Diamondback Energy — Energy stocks rose as investors bet on cyclical sectors and oil futures rose.cnbc.com
Stocks making the biggest moves midday: Tesla, Dollar Tree, Carnival, Best Buy and more
Tesla – Shares of the electric vehicle company jumped more than 4% to hit a record high as investors continue to favor the stock. The company reported better-than-expected earnings amid strong online sales in the third quarter. Dollar Tree reported third-quarter earnings of $1.39 per share on revenue of $6.18 billion. The medical technology company reported earnings of $1.02 per share, topping estimates of 80 cents per share, according to Refinitiv. The apparel retailer reported quarterly earnings of 78 cents per share, beating the 45 cent consensus estimate, according to Refinitiv.cnbc.com
Travel companies cheer Pfizer Covid vaccine news as 'welcomed step' toward return in demand
Today's Pfizer news is a welcomed step in the right direction," Steve Kaufer, CEO of TripAdvisor, told CNBC over email. "This is a very positive development for the world, and, of course, our company and our brands, as well as the cruise industry. In the meantime, the cruise operators are working around the clock, setting up testing facilities for all crew and conducting simulated voyages with their new COVID protocols. Analysts also are wondering whether a new administration under the leadership of President-elect Joe Biden will result in different protocols for the cruise industry. Prior the Pfizer vaccine news, Marriott CEO Arne Sorenson on the company's earnings call last Friday said, "We'll start to see meaningfully more bookings when those vaccines start to take effect."cnbc.com
Carnival Cruise Line cancels all cruises set to sail out of Galveston for 2020 due to COVID-19 concerns
GALVESTON – If you were looking to catch a Carnival cruise out of Galveston soon, you’ll have to wait. On Thursday, Carnival Cruise Line stated that some of its cruises from all U.S. homeports, except Miami and Port Canaveral, are canceled for November and December due to COVID-19 concerns. The cancellation applies to all cruises that were planned to sail out of the Port of Galveston. “Losing a cruise line is big for the Galveston industry,” Newman said. And while we are not making any presumptions, once cruising is allowed, we will center our initial start-up from the homeports of Miami and Port Canaveral,” said Christine Duffy, president of Carnival Cruise Line.
Virus delays Rio's Carnival for first time in a century
A "quadra" or court, which this time of year is usually filled with Carnival performers practicing their dance moves, sits empty in the Unidos de Padre Miguel samba school, in Rio de Janeiro, Brazil, Monday, Sept. 21, 2020. Rio de Janeiro on Thursday, Sept. 24, said it has delayed its annual Carnival parade, saying the global spectacle cannot go ahead in February because of Brazils continued vulnerability to the new coronavirus pandemic. (AP Photo/Silvia Izquierdo)
Virus delays Rio's Carnival for first time in a century
The samba schools are community institutions, and the parades are just one detail of all that,” Luiz Antonio Simas, a historian who specializes in Rio’s Carnival, said in an interview. As the number of infections grew, the samba schools that participate in the glitzy annual parade halted preparations for the 2021 event. Nearly all of Rio’s samba schools are closely linked to working class communities. “Carnival is our life.”The last year Rio’s Carnival was suspended was 1912, following the death of the foreign relations minister. A statement from the agency Thursday provided no further clarity on the fate of the Carnival street parties.
Carnival, Disney, Royal Caribbean, more extend cancelation of North American cruises through Oct. 31
HOUSTON – Unless the coronavirus outbreak in the U.S. can be contained sooner, Americans won’t be cruising out of the country until after Halloween. Carnival, Royal Caribbean and Disney Cruise Lines are among dozens that have extended the cancelation of sailings from North America through October 31. A late 2019 Economic Impact study from CLIA revealed that cruise activity supports nearly half a million jobs in the US and generates about $53 billion annually in economic activity throughout the country. “Each day of the suspension of U.S. cruise operations results in a loss of up to $110 million in economic activity and 800 direct and indirect American jobs,” CLIA wrote on its website Wednesday. “The impact of the suspension is particularly profound in states that depend heavily on cruise tourism, including Florida, Texas, Alaska, Washington, New York and California.”
Carnival inundated with bookings after announcing August departures; these are cruises slated to set sail from Galveston
HOUSTON – Bookings for Carnival Cruise Line shot up 600 percent after announcing cruises would begin on August 1, according to Cruise Planners, a cruise booking company. A check of Carnival’s website shows a Western Caribbean cruise aboard the Carnival Dream is scheduled to set sail from Galveston as soon as August 8, with several subsequent cruises to depart through the month and into next year. However, plans are just plans, as Carnival noted on social media, saying in part:Update on important information regarding our service pause extension. Posted by Carnival Cruise Line on Monday, May 4, 2020“Any resumption of cruise operations – whenever that may be – is fully dependent on our continued efforts in cooperation with federal, state, local and international government officials,” a news release said. “In our continued support of public health efforts, any return to service will also include whatever enhanced operational protocols and social gathering guidelines that are in place at the time of the resumption of cruise operations.
Norwegian Cruise Line CEO: 'We expect to sail sometime in 2020'
Norwegian Cruise Line hopes to resume sea trips this year, despite a global coronavirus pandemic that has rocked the industry. CEO Frank Del Rio on Thursday told CNBC's Jim Cramer that his cruise company is consulting with government officials and public health experts to ensure its fleet is safe for crew and passengers to board. "We expect to sail sometime in 2020," he said in a "Mad Money" interview. Norwegian could resume cruise operations as soon as July 1, according to information a spokeswoman shared with The New York Times earlier this week. The liquidity gave Norwegian the "encouragement and confidence to go forward," Del Rio said.cnbc.com
Local couple worried $1,900 refund from Carnival cruise could be months away
GALVESTON – One local couple booked what they hope would be a fun cruise. However, they did not expect an adventure to get answers from the Carnival cruise line. On March 30, the couple learned that Carnival was canceling the trip on Facebook than they received an email. To try to get more information on their refunds, they turned to Facebook and were shocked at what they read. "Carnival was responding, telling some people it could be 3-6 months, telling others well it could be 6-9 months," Debbie said.
Jim Cramer says there is a key difference between the 'coronavirus recession' and Great Recession
Cramer pointed out a big contrast in the underlying causes of the current economic downturn, which he called a "coronavirus recession," and the last recession. The economic downturn of the late 2000s, the worst since the Great Depression of the 1930s, was triggered by a financial breakdown. The Saudi sovereign wealth fund revealed that it bought 43.5 million shares of the American cruise company. Carnival also said it sold nearly $2 billion worth of senior notes with a 5.75% coupon and expects to close on another $4 billion in senior notes with a 11.5% coupon, both due in 2023. In the case a company goes into bankruptcy, the senior notes, or bonds, are prioritized for payback.cnbc.com
Beleaguered cruise ship company Carnival to raise $6 billion in stock and debt, shares jump
Carnival is issuing $6 billion in stock and debt as the beleaguered cruise ship company tries to shore up its finances after suspending operations following COVID-19 outbreaks on at least three of its ships. The company said Tuesday it plans to issue $1.25 billion in stock, $3 billion in secured notes and $1.75 billion in convertible notes all due 2023. President Donald Trump has indicated that the federal government will help the struggling cruise industry, which employs more than 400,000 Americans, according to the Cruise Lines International Association. "What we take away from this is a recognition that the recently passed $500bn 'Economic Stabilization Fund' doesn't figure to bring the cruise industry much help," Bilson wrote. Earlier this month, the Cruise Lines International Association, of which Carnival is a member, announced a 30-day suspension of North American operations amid the COVID-19 pandemic.cnbc.com
‘We will be back:' Carnival cruise ship in Galveston lights up with message of hope
The Strandcam in Galveston caught a lit-up Carnival cruise ship with the words “We will be back” on Friday night. Carnival is among one of many cruise lines to suspend outbound cruises for 30 days earlier this month. Princess Cruises announced a 60-day suspension in global operations from March 12 to May 10. The Strandcam is located in the Strand National Historic Landmark District which in the late 1800s and early 1900s, “was the heart of Galveston,” Galveston.com says. More coronavirus coverageTIPS: The tired parents’ guide to getting kids through this extended spring breakCOURSES: Scholastic is offering free online courses so your kids can keep learning while schools are closedPERSONAL STORY: ‘I had COVID-19 and here’s my story.’ Woman shares details of coronavirus experienceGIVE BACK: How to help Houstonians in need during the coronavirus outbreakHIRING: See which Houston-area grocery stores are hiring temporary workers in high-demandSOCIAL DISTANCING: 25 ideas to keep social distancing from dooming your weekendsQUESTIONS ANSWERED: Here are answers to 48 of your most pressing coronavirus questions
Traders caution against buying travel stocks: 'When in doubt, stay out'
Travel stocks are tumbling. Royal Caribbean and Norwegian Cruise Line Holdings are down over 50% year to date, with Carnival not far behind at a 45% loss. "We don't know where this goes, and we still need to figure out what the bottom looks like," she said, warning that "the cruise industry, airline industry, hotel industry, they're not going to be able to recoup this later." Stocks like Carnival are down over 60% just since the highs were made back in January 2018." The transports as a whole remain "a very weak group," Newton said.cnbc.com