COVID-19 and the Economy

After announcing a plan to slash nearly 7,000 jobs, Disney is reportedly instructing managers to propose budget cuts and put together lists of employees to be laid off in the coming weeks.

A lot of people dream of owning a home, but here in Orlando, high demand and short supply are driving up a lot of prices and potential buyers say that dream feels far from reality.

The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street's losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pandemic. Traders continue to fret about the tough medicine the Federal Reserve is using in its fight against inflation: higher interest rates.

While fighting is happening halfway around the world in Ukraine, economists say Americans can expect to feel the impact.s

Gas prices have jumped, on average, more than a buck from a year ago in Central Florida. Experts say the cost of crude oil, global supply issues, and the pandemic are to blame.

Terminal C at Orlando International Airport is expected to welcome passengers by the summer of 2022.

The national average price for a gallon of gasoline in the U.S. will remain "somewhat stable" over the next two to four weeks before showing a clear increase as spring nears, according to an industry expert.

There is a massive development under construction right next door to Walt Disney World Resort, but unless you get off the main roads and venture back into the trees, you likely haven't seen it. Evermore Orlando Resort is an-1,100-acre resort complex with traditional vacation homes and the luxury Conrad Hotel. At the heart of the resort will be a 20-acre tropical beach complex and Evermore Bay, an 8-acre crystalline water amenity by Crystal Lagoons.

They say you can number of cranes dotting the downtown skyline. If that's the measuring stick, then Orlando is in tip-top shape. FOX 35 anchor John Brown recently sat down with Orlando Mayor Buddy Dyer and they discussed the state of the city.

Thanksgiving gas prices in Florida are the highest they have been in eight years, AAA said. The White House on Tuesday announced the Department of Energy will release 50 million barrels of oil held in the reserve as Americans continue to pay more for gas now than they have in years ahead of Thanksgiving and winter holiday travel.

Experts from around the nation are in Orlando this week to discuss the future of transportation. This comes on the heels of the passage of a massive infrastructure bill.

Almost half of all cargo coming into the United States arrives at the twin ports of Los Angeles and Long Beach, California. Right now, billions of dollars in sneakers, furniture, and canned goods are floating just outside the port aboard some 60-plus ships.

A South Korean developer plans to spend over one billion dollars to transform land in Osceola County into a mixed-use town center for a development known as NeoCity.

Last call could be coming an hour earlier in Daytona Beach. The city is considering ending alcohol sales at 2 a.m. rather than the current 3 a.m. No decision was made on Wednesday night because one of the commission members resigned for an unrelated reason.

Just as Central Florida's tourism industry was getting back on its feet, the COVID-19 delta variant is knocking it back down. A second event has been canceled at the Orange County Convention Center in as many weeks, the county says.

The U.S. Centers for Disease Control and Prevention has issued a new eviction moratorium through October 3, 2021. That one replaces the one that expired over the weekend. It comes as some families cannot afford to pay their rent and local landlords are getting frustrated.

The cost of rent in Florida has increased more than any other place in the entire country. The company CoStar Group, Inc. says it has increased more than 15 percent since the beginning of this yea -- twice the national average.

Fighter pilots will soon be training in Central Florida. A company in California is leaving the Golden State for the City Beautiful. They say Orlando was the clear choice to continue shaping the future of the U.S. Air Force.

Melbourne Orlando International Airport is growing. Paving crews and heavy equipment are breaking ground on the apron area and taxiway at the airport.