Several states have eased lockdown restrictions, including Texas, Georgia, and Oklahoma. Now, businesses are deciding whether to reopen, and, if so, reorganize in order to keep staff and customers safe.
Laura Rea Dickey, CEO of family-owned Dickey's Barbecue Pit, told Cheddar on Monday that the chain's restaurants are slowly reopening their dining rooms to customers and have taken steps to implement social distancing rules in seating arrangements.
"Our dining rooms, we are reconfiguring them. The tables are set, but we're pulling away those excess chairs, making sure seating is six feet apart. When you come into a restaurant you'll see hand sanitizer by the door, you'll see the pit crew in face masks and gloves, and then you'll see everything set up to just help that social distancing," Dickey said.
While customers who arrive together will be able to sit together, there will not be large communal tables like they had before.
During the first few days of the lockdown, the barbecue chain saw dining room traffic drop to less than 9 percent according to the CEO. But, because of their digital services, it was able to recover some of the lost revenue.
"Our sales, thankfully, because we had a very strong online ordering, very strong delivery, very strong curbside, and we've always been caterers -- barbecue lends itself to that -- that we were set up," she said. "It certainly took us six weeks to replace dining room traffic to digital traffic, one to one, but we hit that on Thursday."
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
