‘The rush to open is a mistake’, May maintains by reopening for her restaurant – tech2.org

‘The rush to open is a mistake’, May maintains by reopening for her restaurant

CNBC’s Jim Cramer said Monday that he is concerned about plans to further ease restrictions on indoor dining in New York City and that he will not accelerate plans to reopen his Brooklyn restaurant closed by Covid in May.

The city’s restaurants will be able to expand to 50% occupancy starting Friday, up from the current 35% policy. The move comes as coronavirus vaccines are rolling out in the U.S., and while some states, like Texas, are completely abandoning pandemic-era restrictions on businesses, including mask mandates.

Cramer has recently been aiming to reopen in time for Cinco de Mayo, after “mothballing” the restaurant in early October due to coronavirus concerns and the challenging economy of operating at a quarter of interior capacity. Cinco de Mayo, which falls on May 5, is a Mexican holiday that marks victory in a key battle against France in 1862.

“We stay in May. We want to do everything right,” Cramer said Monday on “Squawk on the Street.” “I think the rush to open is a mistake.”

“I think we don’t know enough yet. We don’t know enough about viral load. We don’t know enough about what the actual number should be in a bar,” Cramer added. “I just don’t want to be involved in anything that we have so little data about. But then again, that’s been the state of this all along: how little we’ve really known.”

According to the CDC, the risk of Covid transmission increases with indoor meals, especially when tables are not at least 6 feet apart. That led to the imposition of strict restrictions on the restaurant industry during the pandemic, causing many to close permanently as making a profit in the low-margin business became even more challenging.

At the beginning of the pandemic, warmer weather allowed for what is considered safer cookouts in much of the country. But as winter weather gripped the Northeast and even parts of the South and Southwest this year, cookouts became scarcer.

On Friday, New York State out of town restaurants will move to 75% capacity.

In nearby Connecticut, Democratic Gov. Ned Lamont will allow restaurants and some other businesses to return to 100% capacity on Friday. However, social distancing between tables and other precautions, such as masks, is still necessary.

Lamont defended the policy adjustment in a CNBC interview last week, pointing to current Covid case counts and high vaccination rates among older residents as justification. “The difference between 75% and 100% in a restaurant is very difficult to enforce anyway, and we think, frankly, we have a very low infection rate right now, a lot of capacity in our hospitals,” said 8 of March. it was time to make the change. “

Coronavirus cases in the U.S. have dropped dramatically since their January peak, prompting state and local leaders across the country to ease various restrictions as more Americans get vaccinated. However, the number of new infections remains high, averaging more than 50,000 per day, and more than 1,350 people continue to die from the virus each day on average over the past seven days, according to data from Johns Hopkins University. .

As of Sunday night, 21% of the U.S. population has received at least one dose of vaccine, including 63.4% of people 65 and older, according to data compiled by the Centers for Disease Control and Prevention. Disease Control and Prevention. More than 80% of all Covid-related deaths in the US were people 65 and older, CDC data shows.

Top US health officials, including White House chief medical adviser Dr. Anthony Fauci, warned of easing Covid restrictions too soon.

The Republican Governor of Texas, Greg Abbott, for example, said his state was “OPEN 100%” earlier this month, no need for masks.

“When I hear a complete withdrawal from public health measures, saying no more masks, nothing like that, it’s a risky business,” Fauci said Sunday on NBC’s “Meet the Press.”

“If you wait a little longer to give the vaccine program a chance to increase protection in the community, then the withdrawal will be much less risky,” Fauci added on “Fox News Sunday.”

Correction: This story has been updated to reflect the indoor dining capacity in New York City is currently capped at 35%.


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