discuss how their companies are preparing for the economy to reopen today today we're joined by danny meyer. good to see you. >> it's great to be here and since you're calling this unmasked, i'm going to take off my mask. it's good to see you >> take your point so what is going on with your business how far along with you to getting all the restaurants opened and having them come back as far as the business and the diners >> we're about halfway there right now, which is a great point. so -- and, in fact, the only ones not open right now are restaurants that happen to be in larger type of situations like afrt r art museums, a couple hotels, a big skyscraper taking longer but all the other ones are back right now and there is absolutely no shortage of demand for new yorkers to go out. the vaccination has been probably the greatest thing that's ever happened for our industry, both for the people who work with us and, of course, for our guests >> it is amazing to see, especially since we've gotten such good weather here in new york, danny. but what about shortages among workers? how has it been

we're going to ask shake shack founder danny meyer if eeaterie are ready.h patrik frisk on "closing bell" later toy.da you're watching "squawk box" on cnbc i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia. it matters who you travel with. >>> welcome back to "squawk box. futures down but we're at high levels as mike santoli was pointing out at this point you can see we're down 131 points now on the dow jones. the nasdaq indicated down 116. and the s&p down 23. it was all happening kind of simultaneously not huge moves but it was noteworthy 10-year dropping below 1.6 last i saw i'm thinking crypto land bitcoin down 3%. that's a significant move down as well. but also nothing that surprising with how much volatility you see. >> coming up, it has been a little tough to keep track of all the president biden's tax proposals in the past few weeks, but in just a couple minutes we have a debate that will hopefully clarify them donna edwards and marc short shake shack founder danny meyer is going to talk to us when new

joining me now is the fountder and ceo of the union for hospitality group, danny meyer.in. as i said in the break, good to talk about good news. thanks for coming on. >> thank you for having me. >> of course. what did you think when the governors announced this yesterday? >> you no he what? this is the news version of a great shot in the arm. and i got to just say that after a year as you just said of nothing but tough news and option restricting and opening and closing & thand trying to fe out what to do with their teams and communities, this is truly a green light. we know it. i don't know what anywhere if this were a baseball game, but i know it is late innings and we have a good lead going into it. >> danny, what are restaurants going to look like now? i mean, do you think there is going to be some pandemic impact lingers like more spacing, less crowding, open windows? is this prepandemic and full capacity? >> in new york city, one of the great legacies will be that we now have relaxed all rules with respect to outdoor dining. and it's a great thing for new york. it'

it's going to be a good one. >>> tomorrow danny meyer will be here he's going to talk about the stateto come today, consumer confidence over six months mike santoli will dig into that report. >>> plus chime taking the number eight spot on this year's disruptor 50 list. that's coming up later at fidelity, you get personalized wealth planning and unmatched overall value. together with a dedicated advisor, you'll make a plan that can adjust as your life changes, with access to tax-smart investing strategies that help you keep more of what you earn. and with brokerage accounts, you see what you'll pay before you trade. personalized advice. unmatched value. at fidelity, you can have both. ♪ more than this ♪ >>> it's time for a cnbc news update with shepard smith. >> thanks very much. from the news on cnbc, here's what's happening at this hour. republicans and democrats are now very far apart on infrastructure that's from the gop senator john barasso, part of a six-member team negotiating with the white house. republicans preparing a $1 trillion counteroffer to president biden's plan they'r