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AMC's delayed reopening shows the tough path ahead

June 30, 2020. Summarized by summa-bot.

AMC's 42nd st. movie theatre remains closed as New York City slowly introduces phases of reopening after two and half months of COVID-19 lockdown, June 9, 2020. AMC Entertainment Holdings Inc., registered a $2.2 billion net loss in their quarterly report at the end of March, due to the COVID-19 Pandemic effects on the society and the economy, as cities across the United States closed movie theaters to stop the spread of Coronavirus, June 9, 2020. (Anthony Behar/Sipa USA)(Sipa via AP Images)

Need a good example of the immense challenge of managing a fragile economic recovery? Look no further than movie theaters.

New York Governor Andrew Cuomo announced Monday the state will decide later this week whether to slow the reopening of indoor dining in New York City, since it has "been shown to pose risks in other states. "

Holger Schmieding, chief economist at Berenberg Bank, told clients Tuesday that he's still operating under the assumption that "advanced economies are learning to live with the virus," and even the United States will not reimpose lockdowns that are harsh and widespread enough to undermine confidence in the recovery.

India bans TikTok as tensions with China escalate

India is banning 59 Chinese apps, including TikTok and WeChat, saying they pose a "threat to sovereignty and integrity. " It's the latest indication of escalating tensions between the two countries, my CNN Business colleague Rishi Iyengar reports.

But the ban comes as military tensions between the two countries continue to escalate following deadly border clashes earlier this month that left at least 20 Indian soldiers dead.

Many Indians have called for a boycott of Chinese goods and services, particularly from China's dominant tech industry.

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