i'm happy to know that the national restaurant association, our public affairs team has assembled an analysis of what is in the bill. eyeried to write it with an towards the restaurant owner. if you visit our website, you can find more information. i can tell you really briefly that the new sba program that is created, it is fairly streamlined. we have a lot of confidence that sba, they get it. they know they need to execute with a huge mandate from congress and a huge need for the restaurant industry. they've got a big job ahead of them they have been staffing update we have been talkinp. we want to make sure that transition as they start implementing the loans and getting the doo money out the door happens as quickly as possible. host: this headline from marketwatch. the national restaurant association forecasting at $225 billion loss in revenue, up to 7 million jobs as a result of coronavirus. we are spinning the hour focusing on restaurants and the food supply in the country. after this is over, there's a concern we could be back in the fall with another wave of the coronavirus. h

the national restaurant association says fi5 to 7 millin of our jobs will be lost 225 billion in lossesloss of restaurant just short term alone. we're looking at major difficulty in the coming year. we'll need some help i'm proud of our colleagues who have come together throughout the country to help support the ideas of what we need to do as a profession it's not just restaurants and chefs. we're talking about everybody in food services. the cafeteria workers at the schools, the hospitals everybody who supplies it, it's extraordinary. >> i was listening to the other day about an oyster farmer on the jersey shore he sid his business supplying restaurants has just fallen to zero because no one is going to restaurants. he's still got expenses to take care of his oyster beds. i don't mean to be too dire here but how long could you hold on before you get to a point where you say we're not beginning to be able to open this particular relocation >> it's new we have one here and that's in new york which are very new restaurants so they're requiring ing a lot of attention certainly a lot of res

the national restaurant association has been fantastic. they're able to take the money in.ve 8.3 million already donated. the good thing, 100%, this is key to me, 100% of the donations are going directly to these restaurant employees. if anybody is interested in getting involved in supporting, 10 bucks from you is 10 bucks to somebody else could really use it. rerf.u.s. restaurant relief program, going through the restaurant association, 100% going to the restaurant employees. charles: boy. there was a survey taken, only grocery stores and small businesses are more trusted and respected than restaurant owners. folks you have to do this. guy, a phenomenal thing you're doing. thank you very much. remind the audience, donate or aply for a grant, rerf.us. thank you, guy. we're following the markets as we head into the final hour of trading next. charles: well, stocks are right now at session highs as we head into the final hour of trading. what are the obstacles, what are the opportunities as we go forward? i want to bring in todd horowitz. you know, i know you are a trader who

the national restaurant association jumped right in. we start this discussion. al restaurant association said we have a foundation. we know how to take money and then make sure money gets out. we've got that infrastructure already set up. here's the beautiful thing about this. the percent of the donations, 100% is going. no administration fees or red tape. that's really a beautiful thing that the association has got the ability and the infrastructure already to do it. big partners have already jumped on board. pepsi is right in there. constellation brands. you name it, we've got this. we've got the heavy hitters behind this. we all love restaurants. they are always there for us. it's our chance to be there for them. that's where they can make their donation and get the insights that they want. >> neil: i think it is beautiful. for those listening and watching at home, we are going to put all of that on a website to get a chance to get something back. through no fault of their own, the restaurants were shut down. some of them might be able to get a little bit of t

the national restaurant association says the industry already lost 3 million jobs, $25 billion. sterday we told but the new restaurant relief fund. we spoke with food network star guy fieri. take a listen what he had to say. >> these restaurants, mom-and-pop joints, even corporate restaurants, are the fabric of the community. if businesses close down, not just the business owners. you have employees that are hourly, you have employees that live paycheck to paycheck. you have three million out of work now, on the way to five to seven million. the national restaurant association, myself and a bunch of great companies, pepsi, uber and constellation brands, so forth started this. we have 8.3 million bucks on the way to 100 million. we'll try to support the people serving us forever. our chance to serve those folks. charles: following the interview, people running the fund wrote to us to say that there was an immediate spike in online donations. so i personally want to thank "making money" viewers for being so generous. we love you. thank you so much. of course we'll be looking for wa

you know, the national restaurant association is expecting the restaurants are going to lose $225 billione next three months across the nation. they're asking for local diners to step up and help those restaurants and the 15 million people they employ. the kitchen at l.b. steak is hoping to keep the flame burning as much as possible. like most restaurants, sales have tanked due to the shelter in place. but today something to celebrate. the great american takeout. they along with thousands of restaurants want people to know you can still order food and support their workers. >> anything we can do to keep our doors open so that we're still able to take care of our people and make sure they have a job when this is over is really just the goal. >> reporter: many are offering deals for the week and month, 50% off the bottle of the day to go. >> abc lifting that law and allowing restaurants to be able to sell cocktails to go and hard alcohol, it just gives us another revenue stream that we never had before. >> reporter: down the street, zazil opened just five weeks ago. sales are already down 9

. >> reporter: the national restaurant association is predicting a loss of $225 billion over the next three months if the crisis continues meaning 5 million to 7 million jobs could be slashed. that's one-third of the total restaurant jobs in the u.s. in austin, texas, already reeling from the cancellation of massive south by south west festival, audio engineer richard vanoi is stunned. >> it's very uncomfortable. it's a little depressing. >> reporter: the labor department says last week it had 281,000 claims for unemployment insurance, a one-third increase from the week before kerry rydell opened her cafe in kentucky just ten months ago. now she's drasticall cut hours for employees. >> we had people coming in to use wi-fi to file unemployment here in a cafe and so holding on to my employees and for them to see that is very alarming. >> reporter: some places are hiring. this supply warehouse for the grocery store chain shop right is bustling. >> the biggest event we had prior to this is sandy. >> reporter: the empty streets are already taking their toll. how long do you plan to stay op

asking people to file claims on certain days of the week depending on their last name the national restaurant association predicting closures may cost between 5 to 7 million jobs the industry is asking for a $145 billion recovery fund to stay afloat. >>> and nevada is closing all of its casinos. all bets in vegas are off for at least the next 30 days >>> turning now to a tornado that's been reported in northern texas according to the national weather service. it started northeast at 35 miles per hour emergency officials in wise county confirmed there was damage to buildings in the area but no home damages have been reported >>> let's turn it over to bill karins tracking more storms for us >> dangerous morning with these storms rolling through texas a possibility of a tornado that went through the west side of abilene about an hour ago and still a tornado warning with it south of wichita falls and we'll pass north of dallas if it holds together that long heavy rain, flash flood warnings oklahoma city and tulsa. it's going to be a rough afternoon. we have blizzard conditions in portions of nebraska and por

. >>> the national restaurant association estimates eateries in the u.s. could lose at least $225 billion over the next three months. still, some celebrity chefs are pitching in to help their customers. one chef is stepping out of the kitchen. >> reporter: in this new york suburb, chef dale taldi is trying to keep his business afloat. >> thank you so much. >> reporter: the same chef who recently beat bobby flay on the food network's hit show -- >> dale taldi! >> reporter: is now doing something he's never done in his culinary career -- serving as his restaurant's delivery guy. on this delivery, the customers left a 50% tip, leaving taldi in tears of gratitude. taldi just opened his new restaurant last fall. now he can only offer takeout and delivery and hopes to meet payroll for the few employees he can still afford. >> you know, you have like five people left in the restaurant. it's like -- we're just doing our best to keep -- they have families to feed, mortgages to pay. >> reporter: in a town down the road, another distinguished chef, michael selockis i

or a new industry taking steps to deal with this we heard in the last hour about the national restaurant association reports that they have written to the president saying that they can lose $225000000000.00 in the next 3 months restaurants in the united states with so many of them closed or reducing service that could be $5.00 to $7000000.00 jobs lost the state of nevada is closing down its casinos that's a major industry for them they're gambling and tourism big 3 automakers are going to close production starting tomorrow till the end of the months a deep clean their factories and protect their work i mean every time you turn around there's a new headline about how businesses and their employees are being impacted and this is having a wide ranging effect across the markets with all 11 sectors down all 3 major indices down the losses being led though again as they have been throughout this crisis by airlines hotels hospitality they're suffering exponentially worse than everyone else for obvious reasons and oil continues to be a big drain as well oiled prices are now at 18 year lows down incredibly

the national restaurant association, representing half a million restaurants in the u.s., sending a letteresident trump and congressional leaders asking for relief measures. the interim ceo of the group joins us now. great to have you with us. do you have a sense of how big of an impact the industry will face from all of this virus containment measures? marvin: thank you for your time. we think it will be incredibly devastating for our industry. economists are estimating anywhere between a $225 billion loss in revenues over the next three months, and that is the equivalent of 5 million to 7 million jobs. greg: when i think about the restaurant business, it seems to me you could be in a tougher situation than other industries. given covid-19 and the strains of the economy, people are putting off buying the fridge, tv, but they may catch up later, that pent-up demand. but you are not going to have extra meals. how hard will it be to get that recovery, get people back in the restaurants? was a big part of the proposal that we made today. that, $145art of billion, immediate fusion of cash, to

the national restaurant association estimates the industry has lost more than 3 million jobs and over employees who lost their jobs or took a pay cut. celebrity chef guy fieri joins us from california where it is 4:50 in the morning. and i'm sure he is delighted that he is up and about. guy, good morning to you. >> hey, bud, good morning. listen, i will get up at any time in the morning to support my brothers and sisters in the business. and you hit the nail right on the head, man, to another level. we have got over 3 million employees in the restaurant business that are without jobs. and i mean everybody is without jobs, which is devastating but in my wheel house it's the restaurant industry. and when i got together with the folks at the national restaurant association and said let's raise big money and help these folks the best way we can. they have been serving us for years in the restaurant business, let's serve them. that's what we are doing. steve: you know, guy, i was thinking about your show, diners, drive-ins and dives which if it's on, we always watch it. and i was thinking

the nation's restaurants say they need a massive $325 billion bailout. the national restaurant association says it needs help immediately to help restaurants and the 15.6 million workers who need help. >>> twitter is cracking down on any coronavirus content that contradicts health authorities. the company says it's working with trusted partners to review all material. tweets will be deleted if they contradict expert guidance, promote harmful or ineffective treatments or make unverified claims that can spark panic. twitter said the tactics could evolve over time. >>> the virus is the same for facebook. they will have verified information from the cdc and the world health organization at the top of the screen. >> it will be a hard time for many people, it already is. for millions around the world, hard times are nothing new. we'll ask one of our correspondents how he learned not to panic covering war and conflict around the world. want to brain better? unlike ordinary memory supplements- neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, acc

. >> the national restaurant association sends a request, $100 billion in business interruption insurance federal loan program for lost revenue. you never imagine the scenario you would be in this position but did you always have a back out plan in case you had to close your doors for a while? >> we had a lot of scenarios in place but nothing like this. we ended up shutting down our restaurants, not opening for take a right now. that makes more sense financially and from a moral aspect as well so we were never prepared for something like this. jillian: what is next? >> we are hunkering down and waiting this out and hoping the end date is somewhere up in the air. we hope everyone can pull together, stay isolated so we can come back to reality sometime soon. that is what everyone really needs. we really need to open our doors. >> thank you for joining us, appreciate it. if you're in that area support them to get them back up and running, thanks. we will be right back. announcer: there are everyday actions to help prevent the spread of respiratory diseases. wash your hands. avoid close conta

the nation's restaurants need $325 billion bailout. the national restaurant association needs help to support restaurants and a 15.6 million workers who depend on the industry for jobs. you'll start to see the numbers next week in weekly jobless data. you'll see the cascading effect. >> so many people telling workers to apply for unemployment benefits. that's being hit hard. >>> for the first time since the outbreak, mainland china reports zero new cases. cnn has reports from shanghai, london, berlin and madrid. he's. gesundheit. [sneezes] i see something else... a star... with three points. you're in a... mercedes. yeah, we wish. wish granted. with four models starting under 37 thousand, there could be a mercedes-benz in your very near future at the spring event. lease the a 220 sedan for just $349 a month with credit toward your first month's payment at your local mercedes-benz dealer. sleep this amazing? that's a zzzquil pure zzzs sleep. our gummies contain a unique botanical blend, while an optimal melatonin level means no next-day grogginess. zzzquil pure zzzs. natu

. >> the national restaurant association came out -- national restauranthi association came up with thesurvey this morning saying that 3% of all restaurants in this country have shuttered for good in the past three weeks, and the projection is that 11% more are going to close in the next 30 days. say to a restaurant owner who is looking at he sheets and thinks he has to close within the next 30 days?ry >> well, i hate to come under the business very well. i understand the restaurant business. it's a very delicate business. it's a business that is not easy. i always say, in a restaurant business, you can serve 30 great meals to a person or family and 11. one bad deal, number 31, they never come back again. it's a very tough business. but there are great people that run restaurants and effort 3% could be lost and you could go as high as ten or 11%. they've all come back in one form or another. it might be a different restaurant but it's going to be a great business for a lot of people. when making it easy for people to -- looklo what were doing and what were doing in terms of loans, what

the national restaurant association says the food service industry could lose $225 billion over the nextonths and between 5 million and 7 million jobs. our next guest owns a chain of restaurants, made the difficult decision to close. cameron mitchell of cameron mitchell restaurants. thanks for taking the time. our heart goes out to the 4,500 people and their families. let me ask you this, do you believe this is temporary, right, after the worst of this, two months, three months, four months and we don't know that many of those people will be hired back or just not know at this point? >> well, jim, thanks for having me on this morning. i'm an optimist and i believe we'll be back. it's a question of time, we don't know how long, but we support what the government's doing with the shutdown. we are doing our part, our associates are home safe and we are just hoping we're going to have the chance and hopefully the assistance from the government when the time comes that we can get back up and running, and get started and get all of our associates back to work. >> so let me ask you, because you

information, for example, restaurants are working with the new york state restaurant association, also if talks with the national restaurant association. they're really trying to get relief when it comes to rent, when it comes to taxes. because although a lot of these businesses have been forced to shut down, they still continue to accumulate costs such as utilities and rent and other liabilities. so there is a lot of confusion right now. but they're hoping that they will get about 300 billion in aid for businesses across the country, but exactly how that's going to be rolled out, we will need more details on monday from legislators. >> any idea, kevin, how quickly once this all gets agreed to, once the president signs it, how soon the money could go out? >> alex, i have been asking this president to republicans and democrats. what they are saying in the first week, in the next two weeks and mid-may in terms of the second round. and so. >> so hang on, wait a second, first round comes, i guess that would be a couple weeks early second week of april? >> second week of april at the latest, that would be a direct de

the national restaurant association said 5 to 7 million people may lose their job in restaurantses. need out there. >> we need to remember that restaurants is more than 10% of the work force of america. i love the action the government is doing on the economic front. trying to come to the aid of entire cities with a very big package. we need to remember that the restaurant industry, we are 4 times bigger and we employ so many more people. we need to be taking care of the people of america. especially we need to be smart. if things get back in the next 3 to 5 weeks, we will be there. let's invest into the solution which is having restaurants and cooks up and working and feeding people in need in the moment of emergency. >> ed: chef, you are giving us all an inspiring message. you walk the walk. we will follow you on social media. people can help. find him on twitter, and facebook and the rest. stay save. >> sandra: that's a beautiful message. fox news alert from wall street. stocks have seen mixed action. you can see the green and the red on your screen there. after finishing positiv

the national restaurant association has projected loss sales of $225 billion over next three months with millions of jobs on the line casual dining names have really been hit the hardest while restaurant layoffs could be as high as 9.4 million jobs, they are hiring dominos and papa johns hiring 10,000 workers to meet demand. chipotle is continuing to staff up in new and existing locations. investors expressing confidence in those that have built out those delivery systems mcdonald's, domino, papa johns and chipotle likely more important in the age of koe vcovid-19 thank you for being here >> tell us how business has been so far and what precaution the company is taking as diners are ordering more delivery >> the rapid change in the environment that we're dealing with our first priority is making sure our employees were safe and felt confident to continue to give the chipotle experience we have got tremendous food safety protocols in place and a wellness program to ensure that everybody that's working is working healthy and can work confidently. fortunately, we have been working really ha

. >> the national restaurant association came out. [inaudible]. with a survey this morning.aying 3% of all restaurants in this country have shuttered in the past 3 weeks. the projection is that 11% more are going to close in the next 30 days. what do you say to a restaurant owner who is looking at his sheets and thinks he has to close in 30 days? >> i know the business very well. i understand the restaurant business. it's a delicate business. it's not easy. can you serve 30 great meals to a person or a family and they love. it one bad meal, number 31 they never come back again. it's a very tough business. they are great people that run restaurants. i heard 3% could be lost and you could go as high as 10 or 11%. but they will all come back in one form. it will be a great business for a lot of people. we are making it easy for people -- look what we are doing in terms of loans and salaries. they will all come ba be the sa restaurant or ownership but they will all be back. yes, sir, please. >> american companies that provide supplies. does it make sense to [inaudible]? using th

been incredibly positively responsive to all of the trade associations i have gone to them, whether shopping center trade or the restaurant -- nationalestaurant association, they have been very responsive to our needs that we need. but really, the biggest need that we have right now is business interruption insurance. right now, business interruption insurance, which all businesses carry, don't cover pandemics. they cover things like hurricanes, floods, and things like that. they don't cover this. the same for landlords, they don't cover it for landlord's. everyone is looking at each other going, what happens two weeks from now if we don't get our arms around it and get the legal side of this equation figured out? >> tucker: so last question, i mean, the deadline as you said is april 1st. most people not in business, not me, i didn't know that. what will happen to the businesses if they don't get assistance making that deadline? will some of them could not come back, do you think? >> a lot of businesses are going to come back. a lot of them teetering on this internet disruption already won't come back, but one solution is business in

in a letter to president trump today, the national restaurant association warned over the next three ey are anticipating sales to decline by $225 billion. and that could leave a loss between 5 million and 7 million jobs. they write, quote, the restaurant industry is one of low margins, tight cash flow and workforce that depends on us for their livelihood. without aggressive and immediate action from the federal government, many restaurants that are a staple of local communities will simply never resume service. we urge you to take critical steps to support america's restaurant industry and the 15.6 million workers we employ. while restaurants are hoping for government relief, one chef is using this shutdown -- his shutdown of restaurants to make sure people are still able to eat during this crisis. that's up next. what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got star

the national restaurant association says 5 to 7 million people could lose their jobs in the next threenths. the atlantic quoted a restaurateur in new york who said the fallout is, quote, worse than after 9/11. joining me now, jolene kent and derrick thompson who wrote the article. just like in new york, l.a. has closed bars and restaurants except for takeout and delivery. from what you're seeing so far how has that affected businesses there? >> all i have to say is the silence is deafening. we're here at cantor's deli, one of the legendary spots in l.a. and this is the only part of the restaurant that is open to customers. it's 12:45 here on the west coast, prime lunchtime, and it is basically crickets. we've had a couple customers come through but they're really hurting for business. let me show you why. because the dine-in is closed, you have empty dining spaces like this, a ton of real estate just closed for operation. i've been chatting with the owner, the co-owner, jackie cantor. she's a third generation owner of this legendary deli, and this is how she described it to me just now

we have written to the national restaurant association asking them to lobby congress for a bigger refundl taxes that have already been paid so they get cash in their pockets today. finally, we have helped negotiate with the supply chain vendors like cisco, u.s. foods, the big distributors, to give better terms, longer terms to fra franchisees right now. usually they are paying bills on a 30-day basis. money that comes in today are paying bills from 30 days ago. obviously that's been cut in half. cheryl: one of the things we talked about is kind of a struggle for messaging. what you can do as a ceo, can you reach out and say here's what you need to do, here's the next step to get the help you need. if i was a small busy would say go to the bank. if i was a franchisee i would still say go to the bank? >> every day or every other day we are communicating with all 400 restaurants giving them advice and coaching them on here's what's going on, here's what you can look for, get your sba disaster recovery loan application in because those will take awhile. the stimulus program, we have worked w

but we did hear from the national restaurant association that in the first 22 days of march, they just came out with this research, the industry has lost an estimated three million jobs. these are just a horrible situation for so many people. no revenue coming in. the restaurants closed, people are without work. according to zip recruiter, we started to look at wages here and this is just an average, i really want to stress that, the median hourly wage for a restaurant worker in america is $11 an hour but check this out. you know, you do have a lot of companies like walmart who are not laying off. they are hiring because so many people are ordering things online or just coming up for pickup. well, walmart announced it was hiring and it has starting wages for in-store associates at $11 an hour. with benefits added, that turns out to be about $17.55 at walmart and that is per hour. the company of course said last week it is temporarily raised wages for its e-commerce warehouse workers by $2 an hour to $17 an hour. but of course, walmart is paying out cash bonuses, $150 for part-time work

the national restaurant association says one-third of all of its jobs, that's as many as 7 million jobs could be wiped out if they are forced to close for three months. we learned yesterday the big three automakers will close through the end of march and possibly longer. earlier this week, the economic policy institute estimated that we could see 3 million jobs gone by this summer. we've got a lot to cover. buckle up. we've got reporters across the country to start us off. let's go to stephanie gosk here in new york city in times square. normally times square is sort of the epicenter of action. it's been a ghost town the last couple of days. >> yeah, and the city that never sleeps, it's sleepy today for sure. not too much foot traffic. a lot of retail stores, including the store behind me are closed today here in times square. it's interesting that sign to customers says, listen, you know why we're closed because of coronavirus. we're taking care of our employees. we continue to pay them. we understand that right now you might not be thinking about buying jeans but if you are, that busi

the national restaurant association warning the industry could lose 5 million to 7 million jobs. i want to bring in nbc's jo ling kent with more on how it's impacting the restaurant industry. one of the biggest groups in new york city, the union square hospital group laid off 2,000 workers, 80% of the workforce. ceo danny meyer talked about the crisis earlier today. i want to play part of what he said to stephanie ruhle. >> to say the only thing you can do to take care of people is to lay them off just doesn't add up, doesn't make sense. on the other hand, restaurants with zero revenues cannot pay people. >> jo, how bad is the situation expected to get and what can be done about it? >> reporter: chris, it's a really sad story. we're here at the legendary kanter's deli, a big popular spot. usually at this hour it's buzzing. here in california they've shut down their dine-in. now only this front deli and bakery is open. you can see it's empty and that silence has been deafening. we have been here for several hours now. just a handful of customers have come in. as restaurants are ta

and that will continue to grow all around the country the national restaurant association is projectinghis major sales decline over the next three months of $225 billion. that is a massive number for them to put out there. that's why they're asking for all of this relief from the federal government we'll see if they get it, but this part of the restaurant industry, you know, it doesn't necessarily team up with the aggregators in the same way that the pizza companies do, that chipotle does. it's a completely different beast here, one that they definitely have to get creative and tackle with. >> kate rogers, thank you very much we have some breaking news out on united airlines and phil lebeau has it. hi, phil >> tyler, we've talked about united cutting back its schedule, simply because there's not enough demand. the company has announced another cut. it's now bringing down its capacity 42% that's an increase of 10% from where they were just a few days ago, where they said they were going to bring down their route structure 42%. this is domestic only. remember, internationally, they're alr

the national restaurant association. they're asking d.c. for their own relief package which would include $145 billion for recovery funds, block grants, small business loans and tax relief. does the restaurant industry need this to survivor? bring in former mcdonald's north american ceo ed rensi. hello. >> good afternoon. thanks for having me. cheryl: 145 billion, how bad is it? >> well you know you folks are reporting very well what is going on wall street but i'm here to tell you main street is in serious, serious trouble. i talked to 50 restaurant and small business people in the last two, three days, representing about 150 different businesses. one gentleman i talked to has a $1.5 million payroll every two weeks. he laid off virtually all his people. he doesn't know how he will pay rent on his businesses he was down is zero income. sales were off 25 to 30%. now they're virtually nonexistent. he has one interest with a drive-through, holding 76% of volume. but these small businesses are in deep trouble. i talked to a swan operator who has

the national restaurant association put out a pretty good proposal. we can't stay in business. and then let's think about this, after we open up, we have to talk about not just the economics here, you talk about culturally, what do we want to look like when we get the economy back going and restaurants are where people come together, sort of the heart and soul of communities and we have to get that back open. after this, what kind of society do we want. and that is what we have to look like. >> and another thing that you are worried about, tom, the more than 30 million children who take part in the national school lunch program. we have a lot of schools in different cities that are not closing because the kids need this food? as it escalate, how do we feed these kids? >> a lot of schools, these cafeteria workers -- and i'm the son of a woman who rachbn a sch lunch program. they are the first responder and they need to be treating them that way. they are putting themselves in harm's way 2do god's work. 22 million kids rely on schools for their breakfast

even as nearly 30 states have limited restaurants now to delivery or takeout and the national restaurant associationng $225 billion in lost sales over the next three months. among the biggest gainers today is papa john's, it's up about 25%. the company has its own delivery fleet. papa john's ceo rob lynch joins us now >> thank you for being here. >> thank you for having me >> talk to us how business has been since the virus outbreak and if you've had to make any changes about how papa john's is delivering to customers. >> the pizza delivery business is uniquely set up to persevere during these challenging times we are focused on delivering safe food and creating safe jobs, which are going to help our communities stay safe. we've taken stroome extra precautionary measures on sanitizing our restaurants and also implementing contact list delivery, which will allow our delivery employees to deliver pizza to customers without ever coming in contact with them. so, you know, we're doing everything we can to make sure that we're creating safe environments and it's critical right now. we're serving a very va

nearly 70% of restaurants experienced a drop in traffic through march 13th today the national restaurant association prejoeojected the industry would lose $225 billion in sales over the next three months which will prompt the loss between 5 and 7 million jobs some companies are able to lean heavily on the delivery systems as the virus continues to spread dominos, for example, instituted a contactless option with custom dropoff points for customers the company's ceo joins us now by phone we understand that you along with other restaurant ceos had the chance to speak to president trump yesterday. can you tell us more about that call and give us your reaction to the federal government's response to this crisis. >> sure. kate, we did have an opportunity yesterday to have a brief but productive discussion with the president and secretary. and took the opportunity as an industry to stress the important role that restaurants play in serving our communities. not only in feeding people but also in employing folks as well. and the president and the secretary showed a good bit of support for the industry and a

. >> reporter: the national restaurant association projects the industry will take at least a $225 billionorced to eliminate between 5-7 million jobs over the next three months. dining rooms across the nation sit with empty tables and chairs while these owners either adapt their menus or begin anew like one wine bar that started making fried chicken for pickup with a bottle of wine. according to food boss, many are hiring drivers and not charging fees to restaurants. in a statement, grubhub tells us, quote: we are also working closely with government officials to insure that kitchens stay open for pickup and delivery even when dine-in capacity must be shut down. we're doing everything possible to organize community support through orders and donations to keep these independent businesses solvent through the current crisis. jon, so many of these small businesses are learning, sadly, that their insurance that they've had all along does not cover pandemics. jon? jon: art, alicia acuna in greenwood village, thank you. colorado, obviously, restaurants across the country are being forced to find

. >>> just three weeks ago, the national restaurant association released a rosy picture of the diningcord of nearly $900 billion. the coronavirus outbreak has up-ended that. widespread restaurant closures and massive layoffs have shocked the industry. here to discuss the impact this is going to have on your neighborhood eatery and the broader economy, we are joined by derek thompson, cbs news contributor and staff writer at "the atlantic." you had a great piece throughout. and so many "able things slamme u.s. economy at a time when restaurants have never been more important, not only to our economy but also to our culture. so two quick statistics. the first is that 30 years ago in 1990, manufacturing had three times the employment of restaurants. now they're tied. restaurants are, indeed, no hyperbole the new factories. the second really important thing is that if you look at manhattan, for example, where you are, in the last year restaurants accounted for almost half of all new ground-floor retail leases. that means that without the restaurant industry, the ground floor retail, the f

this week the national restaurant association estimated the industry will lose $225 billion in revenuebetween five and seven million jobs. my colleague is following the story and we have more from new york. lindsay, what more can you tell us about what restaurants are doing to accommodate, try to get by during this unprecedented period? >> reporter: well, david, these fears are real. they are swift. i spoke with the owner of sweet catch poke here. they have five locations. one has already closed because it's near the world trade center where that area has closed. they are just trying to keep as many people on the payroll as possible. right now they only have enough hours to give to about 25 of their 45 employees. so they're trying to bring people in so that they can keep those people on the payroll. they're doing promotions. 20% off if you order on line. also, order a large bowl of poke and you get a toilet paper roll. sign of the times, right, david? also, any health care worker can come in and show a badge and get a free meal. it's an effort for them to show thanks. i asked the owner

some fast food names like wendy's and restaurant brands international this comes as the national restaurant association projects sales losses of up to $225 billion for the next three months they also talked about mass layoffs between five million and seven million jobs to come back to you. >> kate rogers, thank you. don't miss starbucks ceo kevin johnson on "mad money" tonight at 6:00 p.m. eesh time we have breaking news out of washington >> sayer yashgs the senate enough votes to pass the house's coronavirus relief bill. this is a bill that would provide paid sick leave and family leave for $40 million americans. it limits the number of people that can take this 12 weeks of paid family leave to those kids who are home because their schools are closed due to the coronavirus and it also exempts small businesses with fewer than 50% and health care providers from actually extending the benefits to their employees. treasury secretary said if any lawmakers have issues with the bill, take it up after this vote they need to move on to other stimulus the senate has taken that warning to heart guys >> okay. tha

david: restaurants and bars getting hammered by the coronavirus. according to national associationillion servers and bartenders could be soon out of work. trade group asking white house for 145 billion-dollar aid package. until they get assistance some restaurants are getting creative, ramping delivery services, selling booze to go or asking customers to donate what they can. molly line live in beantown with more. reporter: in response to covid-19 governors in more than two dozen states ordered bars and restaurants to end dine-in service now. many restaurants forced to lay off workers or close. now a massachusetts charity launched a fund. check it out at restaurant strong.org to raise money for wait staff, cooks, bartenders without a paycheck in the bay state. greg hill foundation teamed up with one of boston's best known breweries, sam adams. they are kick-starting the fund with 100,000-dollar donation and matching $100,000 in donation. the owner says it is way to pay back to give the people who gave his craft beer a chance 35 years ago. >> i wanted to make a statement to remember

the national restaurant association projects the industry will take at least a 225 billion dollars losstween 5 to 7 million jobs over the next three months. now, the owner of this restaurant, where we're standing, the asian cuisine restaurant here. the owner told us when the governor ordered the 30 day moratorium on dining in, he knew it was going to be painful. he says it's been so much worse. without that dine-in option, in order to survive. he really needs the delivery and takeout. it is vital. >> it's a loss anyways, but if i take on not keeping the restaurant open, i can do more good for the community, even though i will be in the red. >> he says he provides blood to his own drivers and hand sanitizers but has no control when it comes to the meal delivery companies. he said he is hoping people will order out. >> kind of crazy, but i'm really happy are still working and we're trying to contribute as much as we can and keep the economy flowing. >> many are hiring drivers and not charging restaurants those commissions. in a statement grub hub tells us quote to increase cash flow and h

our our focus helping small business america we have adjourned bip national restaurant association asko assist them at this time. that is what we desire we desire for the federal government to step forward, to be able to provide financial support for these small karjts there are hundreds of thousands of family owned restaurants across this country essential that we keep them will employed the lifeblood of american economy we have no interest in taking support from the federal government financially as i mentioned, our balance sheet is extremely strong. we are here to weather this storm taking expenses out we need to take out driving sources of revenue as i mentioned maria: o kevin thank you so much for all your efforts for leadership we will be watching the station, from sysco foods. >> good morning good tuesday morning to you it is tuesday march 24 your top stories right now 8:00 a.m. on the east coast, markets across the world rallying this morning, following massive action, by the federal reserve and further action taken by governments to try to curb about the spread of coronavirus

continue to take orders one of the reasons we're on today is we are here in support of the national restaurant association who's looking for the federal government to be able to help those small business owners. that is why we're here we have the financial stability. we have over $2 billion of carbon our balance sheet we are not looking for any financial assistance we are stable. we will weather this storm financially. it's the small american business owner, this economy needs those companies. we are very worried about them we need the employees to have jobs we're hopeful and thankful that the u.s. government can step in and help them at this critical time it seems like if we were to get a miracle cure, who knows how long it took, you were back to servicing restaurants that were reopened, it was an $82 stock. it's now half that the market must be anticipating a long delay with lasting effects rather than just something really temporary where in two or through months you're back to full capacity. what do you think that is? and do you think the market has it wrong >> i can't predict how long the declines wi

and i think that the national restaurant association asked for congress in their package is reasonableut it now i'm not a movie operator or a barber shop operator, but those places can close down, shut the lights off and literally come up and open the next day a restaurant cannot do that. we're a cash business -- >> why >> -- we need for us to on board 4500 associates takes a tremendous amount of time, to hire them, hire them back, get the restaurants clean, order in all the product that we need, to cook it from scratch, to get ready to retrain our people. takes a month to open a restaurant it's not as simple to say, we're going to be open on the 2nd. everybody come back on the 1st it takes hundreds of thousands of dollars to open a restaurant today from scratch so that's what we're talking about. that's kind of the bailout some of the money that industry needs. these restaurant operators without the help of the u.s. government will not be able to reopen we want to get our economy started when this all passes and i think the restaurant industry itself will have a major impact on gettin

we think it's going to be very helpful for advocacy groups like national restaurant association, for needed stimulus. but we are also raising $200 million right now by selling gift cards on behalf of our 200,000 customers. and shift4 as a company is contributing $10 million to it. this is a way we think we can help -- stuart: well done. jared, that's a fine thing. a fine thing indeed. thanks very much for joining us, sir. we appreciate both your information and what you're doing for these people. >> thank you. stuart: jared isaacman, thank you very much. good stuff. all right. dow is now up 1148. not bad. back after this. the american red cross urgently needs blood and platelet donations and asks healthy donors to schedule an appointment to give. during this corona virus outbreak, patients are counting on lifesaving transfusions. visit redcrossblood.org stuart: the story this morning is the stock market rally, still going on. now we're up 1200 points. ashley, news from governor cuomo of new york. what do you have? ashley: he says the number of deaths are increasing. we don't have any

national governors' association. governor, maryland was one of the first states to shut down all the schools, then all the restaurantsntial businesses, and you just extended school closures for another four weeks until april 24th. if the president and his task force start sawing this week that certain -- saying this week that certain low risk areas of the country including some perhaps in maryland can reopen, do you follow that guidance, or do you just ignore it? >> look, i think the virus is going to dictate the time frame, and we're going to follow the ad vice of the scientists and doctors like dr. inglesby who you just had on a moment ago. he's on our task force. no, we don't see any way that we're going to be opening back up in a couple of weeks. the washington metro propoll tan area has quadrupled in the past week, and we see that continuing to grow exponentially, and we think in two weeks we're going to be looking a lot more like new york. chris: so you think two weeks from now it's going to be getting worse in maryland, not better. finish. >> there's no question about that. i mean, in spite of the fact that we