Record Job Losses, Stocks Surging, Shanghai Disneyland Tickets Sellout for Opening Day

Published: May 8, 2020, 2:21 p.m.

b'The \\u201cSquawk on the Street\\u201d team discusses the record job losses for the month of April.\\nNonfarm payrolls fell by 20.5 million and the unemployment rate rose to 14.7%, both post-World War II records. Investors were unphased by the numbers as stocks continued their run, with all three major averages in the green.\\xa0The world continues its slow push to reopening economies.\\xa0In Shanghai, tickets for the reopening of Disneyland sold out for its opening day on May 11th within minutes.\\xa0It\\u2019s the first major theme park to reopen amid the COVID-19 outbreak.\\xa0The government has mandated that Disney operate at 30% capacity, or about 24 thousand visitors.'