Have millions of restaurants ou t there. Of sales forion these companies. Familyownedre with less than 50 employees. And the great majority of them have been closed down. Million people who work in restaurants, up to 15 million have been collecting Unemployment Insurance already. Thehat is a good chunk of nearly 40 Million People who have applied for Unemployment Insurance. So the business has been devastated. Of that 900 billion, the businesses estimate they will lose about 300 billion this year. That could be conservative. Host looking at information from the american restaurant association, this puts it in stock terms. Of 32. 4 billion dollars was the smallest volume since march 2005. However, adjusting for inflation, Consumer Spending at eating and drinking places plunged to its lowest level in april since 1984. To takeoutnge over and delivery helped some of these restaurants at all, or is it costing them or to stay open . Guest that has been a big debate. You could argue allowing
Spend the last half hour talking about the future of the Restaurant Industry. Good morning. Guest good morning to you. Host what has been the overall impact of the coronavirus pandemic on the Restaurant Industry . Guest it has been devastating. Right after the cruise lines and airline business, restaurants and bars have been hurt the most. And it is a very different kind of business from the two i mentioned, the cruise ships and airlines, which are very concentrated. With restaurants, i mean, you have millions of restaurants ou t there. Of sales forion these companies. Familyownedre with less than 50 employees. And the great majority of them have been closed down. Million people who work in restaurants, up to 15 million have been collecting Unemployment Insurance already. Thehat is a good chunk of nearly 40 Million People who have applied for Unemployment Insurance. So the business has been devastated. Of that 900 billion, the businesses estimate they will lose about 300 billion this y
Jobs falling by almost 3 million but much less than what economists were expecting. Coming up on todays show, as more companies address the rising tensions in america, well seek with ursula burns, the first black ceo of a fortune 500 company, about how Business Leaders can work for real equality and change. Well Talk Solutions with her. Plus the ceo of etsy will join us to talk about what his company is doing to address societal issues and how the coronavirus has changed his business the big stories we are watching in this final hour of trading, as we look at session highs, mike santoli tracking the market rally. Leslie covering boeing and more on the vaccine front. Mike, start us off with another day and another big rally. A big one this was a day it seems you had a lot more people who decided they had to quit fighting the rally. An acceleration to the upside. Take a look at a oneyear chart of the s p 500 weve been talking about this in here, 3,130 the number. Weve been pointing out t
New York City Police officer and trainer and instructor at the Police Academy in new york city. Welcome to washington journal. Guest good to be with you. Host let me ask you about how this all started. What do you think went wrong in the encounter between the four officers and george floyd on that memorial day arrest attempt . It is a complex conversation. It will consume a lot of time. It is a terrible outcome. My condolences to the deceased and the family of the deceased. Event, the this error gartner event, eric ner event the same thing happened. They were in search of cigarettes. The mayors have to give more clarity. Matters,ndly Important Police should not be involved. I hate that it had to end badly. This is so horrible, 8 minutes on the guys neck. No one can promise that you wont have some version of this going forward. Policing is the nature of the work. We have people offering up the idea that if you train, you can train your way to a point where this wont happen again. There
Heavy rain. Also union city fremont, that is wet as well. 40s, 50s are the temperatures, a lot lips reported as well. Coming in the highway one. The mainline no doubt about it, union city, fremont, hayward, clear to san jose heading into the foothills. 60s or 70s on your temperatures today. 80 down to 237, just an fyi. Im watching it right now. As a matter of fact steve, and i can put it up on the mat here for you that a. D. D. And the whole area you are talking about that is rainy may start getting sums slow traffic. I do see some stilling already hear from union city, so this could be the people who are slowing down in that ring youre talking about, and so far so good. If this were a normal speed day, i would say we would have a lot of slow traffic. The slowest we have seen is approaching 580 near altamont pass. At seven on one, lets go back to garcia. For the first time in two months, the bay area has reported not a single rotavirus death in the past two consecutive days. There were