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There is arguably no industry in the US that has been harder hit by the coronavirus pandemic than restaurants. A combination of restrictions placed on restaurants and public health experts advising the public to avoid restaurants has resulted in a decline for many eateries.The National Restaurant Association said it expects that 10,000 restaurants will close in the next three months, based on a survey of its members.The National Restaurant Association is hoping to get some additional relief from Washington. Last week, a bipartisan group of legislators put forth a stimulus bill that would include additional funding for the Paycheck Protection Program, which helped businesses make payroll early in the pandemic."In short, the restaurant industry simply cannot wait for relief any longer," said Sean Kennedy from the National Restaurant Association. "We appreciate the efforts of a group of moderate members of the House and Senate to advance a true compromise between the competing proposals from Democratic and Republican leaders. If this moderate plan represents a 'down payment' for a larger relief package in early 2021, it will provide restaurants with immediate relief to hold on through the most dangerous point in our business year."While restaurants are having receding revenues, restaurant costs are not declining, and in some cases, increasing, according to the National Restaurant Association’s survey. The survey found that 58% of full service restaurants are expecting to furlough or layoff additional employees over the next three months. That’s with 89% of full service restaurants already operating at below pre-pandemic staffing levels.The National Restaurant Association says that 17% of bars and restaurants fully closed either permanently or temporarily in November due to the pandemic."What these findings make clear is that more than 500,000 restaurants of every business type—franchise, chain, and independent—are in an economic free fall," said Kennedy.The restaurant industry is a major factor in the US economy. The National Restaurant Association says that 15.6 million jobs are tied to the restaurant industry spread across over 1 million locations.Public health experts have warned that indoor dining is problematic as masks cannot be worn while eating and drinking.“It’s clear when you do contact tracing about where you get these outbreaks, it’s bars, indoor seating at restaurants, particularly at full capacity,” Dr. Anthony Fauci said last week in a Facebook conversation with Colorado’s governor. “When you’re in a restaurant, it’s very tough to eat with a mask on unless you figure out something I don’t know about.” 2668

They've spent weeks trekking across Mexico, trying to reach the United States. But dozens of migrants will be deported and will never touch US soil, Mexican authorities said.About 500 migrants on the Mexican side of the border overwhelmed police blockades near the San Ysidro Port of Entry on Sunday, two journalists in Tijuana said. That forced a temporary closure of the major border crossing into San Diego.Tijuana police said they arrested 39 people Sunday in connection with the attempt to cross the border illegally. Those identified as trying to rush the US border illegally will be processed for deportation in their home countries, Mexico's Interior Ministry said.PHOTOS: Migrants converge at Tijuana-San Diego borderOn the US side, 69 people were arrested entering illegally, US Customs and Border Protection Commissioner Kevin McAleenan said Monday.US President Donald Trump threatened to close the border "permanently if need be." He also claimed many of the migrants are "stone cold criminals," but gave zero evidence to support that claim."Mexico should move the flag waving Migrants, many of whom are stone cold criminals, back to their countries," Trump tweeted Monday. "Do it by plane, do it by bus, do it anyway you want, but they are NOT coming into the U.S.A. We will close the Border permanently if need be. Congress, fund the WALL! 1361

Trade war fears wiped more than 1,100 points off the Dow in just two days. It was Wall Street's worst week in more than two years.Investors are increasingly worried that President Trump's crackdown on China will trigger a fierce response that darkens the otherwise bright economic outlook.The Dow dropped 425 points, or 1.8%, on Friday, sinking back into a "correction" — a decline of 10% from the all-time high in January. The Dow finished at its lowest point since November.All three major indexes took their biggest weekly tumbles since January 2016.The market failed to stage a rebound from Thursday's plunge, which erased 734 points from the Dow.China vowed on Thursday that it would fight a potential trade war "until the end.""We have this general freak-out. We don't know the next shoe to drop on trade," said Michael Block, chief strategist at Rhino Trading Partners.Investors were further rattled when China's ambassador to the United States signaled that China could ease purchases of US bonds in response to Trump's tariffs. "We are looking at all options," Ambassador Cui Tiankai told Bloomberg News.China is America's biggest creditor, with more than trillion of Treasury bonds."We've been told for our entire careers that trade wars made the Great Depression worse. And we believe it," said Bruce McCain, chief investment strategist at Key Private Bank.Related: Trade fears add to concern of a downturnAsian markets were rocked overnight after China vowed not to back down in a potential trade war with the United States. Japan's Nikkei 225 plummeted 4.5%, and the Hang Seng in Hong Kong lost 2.5%.On Thursday, the market sold off after Trump announced plans to impose tariffs on about billion of Chinese imports to retaliate for theft of intellectual property.China said hours later that it "is not afraid of and will not recoil from a trade war." Officials in China detailed a plan to retaliate to Trump's aluminum and steel tariffs by imposing their own tariffs on about billion worth of imports of US goods.Trump, who often uses the stock market as a barometer for his success, shrugged off the market turmoil."I think the stock market is going to be great," he said Friday at the White House after a reporter asked about the sell-off. "The stock market is way up. When I came into office, the stock market was from a different planet."Despite the recent struggles, the Dow remains up about 30% since Trump's election.Related: China: We would fight a trade war 'to the end'The worry is that a tit-for-tat escalation between the two largest economies in the world will ruin the solid economic backdrop. Investors had been banking on strong growth this year, but a slowdown in trade and dented business and consumer confidence could change that outlook drastically.Barclays warned in a report that a trade war would drown out the benefits of Trump's tax cuts, which helped power Wall Street's euphoric rally."The administration is moving forcefully into the anti-trade portion of its policy agenda," Barclays economist Michael Gapen wrote in a report on Friday.But it's too early to assess the impact. Bullish investors hope that the administration will soften its tough stance with China, similar to how tariffs on steel and aluminum imports were later scaled back significantly."The threat of a misstep remains high," Raymond James Washington policy analyst Ed Mills wrote in a report, but there is an expectation that "these actions will be watered down or mitigated" in the coming weeks.Key Bank's McCain thinks it's more likely the market is going through a correction than entering a bear market. He pointed to robust corporate profits and the strong economy, which enjoyed robust job growth in February."If anything, a few weeks ago we worried about the economy overheating and inflation picking up," McCain said.The-CNN-Wire 3867

Three people were found dead in a New Jersey pool on Monday after a drowning, officials said.The youngest victim was an 8-year-old girl, a police lieutenant said. Her 32-year-old mother's body was also found in the above-ground pool at the East Brunswick home.Police said a 62-year-old man's body was also found in the pool. His exact relationship to the other victims is not year clear, but he is believed to be a family member.Officers rushed to the home after a 911 call around 4:15 p.m. A neighbor heard screaming.Police believe the mother was inside the pool screaming for help.All three victims were pronounced deceased in the backyard.WPIX's Jay Dow was first to report the story. 695

This morning, I tested positive for COVID-19. I am experiencing mild symptoms, and am following all appropriate protocols, including being in quarantine and conducting contact tracing.— Andrew H. Giuliani (@AndrewHGiuliani) November 20, 2020 249

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