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The restaurant industry has been reshaped in the past six months. We’ve seen more pivots to take-out and outdoor dining, but could we see a more drastic shift.New data from Bank of America shows sales at independent chains are still down about 15%."Right now, it is just sad. People are exhausting their personal savings. They are shutting their businesses and they just don’t know what to do,” said Andrew Rigie.Rigie is with the New York City Hospitality Alliance. In NYC alone, at least 1,289 restaurants have closed since March, according to the Office of New York Comptroller. Across the country, Yelp has gathered data from its platform that show that number is around 16,000.“It’s a really dire situation,” added Rigie.The situation is the direst for independent restaurants, because the same Bank of America study that showed sales still down 15% at mom and pop restaurants, shows chain restaurant sales are now up 2% higher than they were pre-pandemic.Industry experts believe a continuing trend of these numbers could reshape the industry.Chains restaurants are now in a better position to replace space occupied by folded restaurants or struggling ones, potentially shifting the flavor of the restaurant industry toward chain food.“I’m not knocking or saying there is anything bad about a chain, but we really want our beloved mom and pop businesses,” said Rigie. "We really need support from the federal, state and local governments to ensure these places are able to recover.”Legislation was presented to Congress in June, the Restaurants Act, to help struggling independent restaurants with grant money. However, there has been no vote on the bill or any signs it could pass.Without additional help, the latest estimate by the Independent Restaurant Coalition is that upwards of 85% of independent restaurants could fold by the end of the pandemic. 1870

The Republican National Committee has withdrawn from a joint fundraising agreement with Roy Moore, according to a Federal Election Commission filing posted Tuesday, as the GOP establishment continues to break ties with the Alabama Senate candidate.The National Republican Senatorial Committee was the first to drop itself from the agreement, which benefits Moore's campaign, ending its participation last Friday, according to FEC filings. 466

The United States and China are acting tough over trade, but they're also busy talking to try to stop the situation spiraling out of control.President Donald Trump ramped up tensions last week by ordering tariffs on about billion worth of Chinese goods just weeks after announcing of sanctions on steel and aluminum imports. Beijing has responded with plans to target billion worth of US products and warnings that it's ready to inflict more pain.The moves have fueled fears that the situation could escalate into a full-blown trade war between the world's two largest economies. But Treasury Secretary Steven Mnuchin said Sunday that he's been talking to Chinese officials in an effort to prevent that."We're not afraid of a trade war, but that's not our objective," he said in an interview on Fox News."We are going to proceed with our tariffs ... we're also working on investment restrictions," Mnuchin said. "But we are simultaneously having negotiations with the Chinese to see if we can reach an agreement."The US government wants China to do a lot more to open up its vast economy to US businesses and bring down the massive trade deficit between the two countries.Trump has set a target of cutting the deficit in goods with China by 0 billion. It soared to 5 billion last year, according to US figures.Mnuchin said the United States wants China to do away with rules that require foreign companies to set up joint ventures with Chinese firms in many industries, such as automobiles, and to stop forcing American businesses to hand over valuable intellectual property in order to operate in China. Intellectual property theft is the reason the Trump administration gave for the planned billion in tariffs on Chinese goods.Mnuchin and US Trade Representative Robert Lighthizer detailed the US requests in a letter to a top Chinese economic official late last week, according to the Wall Street Journal. They included asking Beijing to reduce tariffs on American cars, increase spending on US semiconductors and provide greater access to the Chinese financial sector, the Journal reported, citing unidentified people with knowledge of the matter.A Treasury Department spokesperson declined to confirm the report."We are having very productive conversations with them," Mnuchin told Fox, adding that he was "cautiously hopeful" that the two sides could reach a deal. But in the absence of "an acceptable agreement that the president signs off on," the Trump administration will press ahead with the tariffs and other measures, he warned.China's point man for the talks is Liu He, a Harvard graduate who is one of President Xi Jinping's most trusted advisers. Liu was in Washington for talks with US officials the week that Trump announced plans for the tariffs on steel and aluminum and was recently appointed to the position of vice premier.Mnuchin and Liu spoke as recently as this weekend."Secretary Mnuchin called Liu He to congratulate him on the official announcement of his new role," the Treasury spokesperson said. "They also discussed the trade deficit between our two countries and committed to continuing the dialogue to find a mutually agreeable way to reduce it."China's official news agency Xinhua also reported the conversation, saying that Liu criticized the US allegations of Chinese intellectual property theft and warned Mnuchin that China "has the capability to safeguard its national interest."But Liu also said that China "hopes to see both sides remain sensible and work together to preserve the overall stability of China-US trade relations," according to the Xinhua report.Some experts are skeptical that Beijing will give Trump what he wants."China may be able to come up with some big ticket imports to allow it to appear to be trying to reduce the bilateral trade imbalance," Mark Williams, chief Asia economist at research firm Capital Economics, wrote in a note to clients on Friday. "But China won't be able to reduce the annual imbalance by 0bn as Mr Trump has demanded."And "the chances of China making substantive changes to its practices on intellectual property are also low," Williams said, adding that the practices are seen in Beijing as "a key element" of efforts to develop the Chinese economy.  4274

The US Consumer Product Safety Commission (USPSC) announced Wednesday that it is issuing a recall of Xtava Allure hair dryers due to concerns that they could catch fire or deliver electrical shocks.According to the USPSC, the recall affects more than 200,000 hair dryers.Nearly 200 people have reported the dryers and power cords have either "overheated, melted, exploded or caught fire" while in use. Eighteen people sustained burns while using the product, with one of those being classified as a "severe" burn.The dryers were sold online at Amazon, eBay, Walmart and Groupon, in addition to Xtava's own website. They were sold individually or in a hair care pack that included "treatment products, a flat iron or a diffuser."The affected products include the following SKU numbers on a label on the back:  XTV010001, XTV010001N, XTV010002, or XTV010002N.Those with the dryers should contact Xtava directly. Visit their recall website here.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1082

The red carpet, the stars, the fashion, the acceptance speeches.It's all going down at the 90th Academy Awards.Here's what you need to know about the ceremony:Who's hosting the Academy Awards?Late-night host Jimmy Kimmel will (hopefully) bring the funny again, just as he did at last year's ceremony.Given his more politically-charged monologues recently on "Jimmy Kimmel Live," there are sure to be some Trump jokes -- and disses.Related: Jimmy Kimmel brings new political profile to Oscar-host roleWhat's different about the Oscars this year?The action kicks off a half hour earlier this year, starting at 8 p.m. EST/5 p.m. PST on ABC.Viewers will just have to wait and see if that extra time will translate into longer speeches by the winners.What will people be talking about on the Oscars red carpet?That could be tricky this year because E! host Ryan Seacrest is set to have his usual red carpet hosting duties.Seacrest has been defending himself against an allegation of sexual misconduct. Though Seacrest was cleared of any wrongdoing by the network after a third-party investigation, strong support for the #MeToo movement and the Time's Up campaign might make for some awkward encounters.Related: Ryan Seacrest's Oscar night could prove complicatedWho's presenting the Oscars?The list is pretty impressive and includes Sandra Bullock, Emily Blunt, Dave Chappelle, Jodie Foster, Eiza González, Nicole Kidman, Matthew McConaughey and Christopher Walken, among others.Oscar-winner Lupita N'yongo, one of the stars of what is arguably the biggest film currently in theaters, "Black Panther," will also present.Who will win the Oscars?That is the question of the evening.While there are some frontrunners in the acting categories, the best picture Oscar is up for grabs.Related: Oscar nominations 2018 - The full listOne thing we do know is that safeguards have now been put in place to ensure there won't be another envelope mix-up."La La Land" was mistakenly named best picture last year, when the winner was in fact "Moonlight."Related: Remembering the 'Moonlight' and 'La La Land' Oscars fiascoWhere to watch the Academy Awards?ABC will begin its live coverage of the red carpet at 6:30 p.m. EST, available on broadcast platforms and live-streaming on ABC.com or the ABC app.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2388

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