If you want to dine indoors, go to a gym or attend an event at an entertainment venue in New York, you'll need to show proof that you have had at least one dose of a COVID-19 vaccine.
Starting on September 13, New York began enforcing its vaccine mandate for various indoor venues. The rules extend to include workers at these facilities as well.
"The business has gone down at least 35 to 40 percent, and we expect it to go down a little more," said Pedro Zamora, owner of Cantina Rooftop in Manhattan. "But on the other hand, I feel good to do that because it's the way to end the pandemic, and I urge everybody, if you're not vaccinated, try to get vaccinated as soon as possible because that's only for the good of our community and to stop this virus from going on."
If businesses are found not to be compliant, they can be fined $1,000 for a first offense, with increasing penalties if they continue to break the rules.
New York has some of the strictest vaccine mandates in the United States. Mayor Bill de Blasio also requires city workers to be vaccinated or to undergo weekly COVID-19 testing. Students 12 and up who participate in "high-risk" after-school activities, like sports or performing arts, also must be vaccinated.
President Joe Biden announced Friday that along with the European Union and the Group of Seven countries, the U.S. will revoke “most favored nation” trade status for Russia over its invasion of Ukraine.
The consumer price index jumped 7.9 percent in February, marking a 40-year high for inflation in the U.S. This report comes less than a week ahead of the Fed's all important meeting. Kayla Bruun, Economic Analyst, Morning Consult, joined Cheddar's Opening Bell to discuss.
Markets opened lower amid hotter-than-expected inflation data, which surged to its highest level in nearly 40 years. Lisa Erickson, Senior Vice President and Co-Head, Public Markets Group, U.S. Bank joined Cheddar's Opening Bell to discuss the significance of this figure ahead of the Federal Reserve's FOMC meeting.
As the Russia-Ukraine war disrupts the global economy, sending markets on a roller coaster ride, gold remains hovering around $2,000 an ounce. Often seen as a safe haven in times of economic crisis, Jason Cozens, founder and CEO of gold-as-currency platform Glint Pay, joined Cheddar’s Opening Bell to discuss the latest gold rush, how the war is impacting prices, and how people can use Glint to trade in the precious metal. “You know the stock markets and cryptocurrencies are risky investments," he stated. "Whereas gold is just reliable money. It's no one else's liability if you own."
As Western sanctions weigh on Russia's economy, the country is at the risk of defaulting on its debt. Fitch ratings agency has downgraded Russia's debt for the second time in a week, warning a "sovereign default is imminent." Jesse Wheeler, Economic Analyst at Morning Consult, explains what that means, and how it could have ripple effects across the global economy.
Uber Lyft and Doordash are all set to spend $1 million dollars on a campaign and efforts to stop lawmakers from classifying their gig workers as employees. The campaign features TV and online ads highlighting Washington area workers who say they prefer the flexibility of being an independent contractor rather than following the model of a company employee. Professor at NYU. Stern School of Business and author of the sharing economy, Arun Sundararajan, joined Cheddar to discuss more.
President Biden is looking at unlikely partners to buy oil, after banning all Russian energy imports. Among them is Venezuela, a regime that has been sanctioned by the U.S. since 2019. Ariel Cohen of the Atlantic Council explains to Cheddar News why that might not be a bad choice.
