Berkeley Lovelace Jr. | @Blovelace_Jr
Meyer: Political uncertainty impacted interest in going out to eat 18 Hours Ago | 05:35
People are coming back to restaurants in “droves,” after a temporary decline in going out to eat ahead of the election, restaurateur Danny Meyer said.
He explained that “restaurants are places that people come to be with people and people didn’t feel great with all the uncertainty” around the election. Meyer said that what happened in restaurants mirrored the uncertainty in the financial markets.
“I think people are coming back in droves. Even if they’re coming back to debate, there’s nothing like sitting around a table with some good food with friends and that seems to really be bringing people out and we couldn’t be happier,” he said on CNBC’s “Power Lunch” on Monday.
The Shake Shack founder made his remarks after activity in the service sector hit a one-year high in November. Food service businesses such as McDonald’s, Darden and Chipotle saw their stocks climb in afternoon trade Monday.
Mr. Meyer, feel lucky that President-Elect Trump doesn’t take it personal that you were hosting million-dollar Dem fundraisers in your home including President Obama and Secretary Clinton. At least Mr. Trump is a New Yorker and not a carpetbagger.
https://www.foxnews.com/politics/2016/09/19/obama-praises-clinton-blasts-trump-at-dnc-fundraiser-in-nyc.html
Does anyone really care?
Restaurant business is highly attuned to diners having confidence in their financial future. They are the most sensitive to consumer confidence. If people are dining out in greater numbers since Trump won, just like the rising stock market, it means people feel better than they did before when they thought Hillary was going to win.
And the sun is shining, world hunger has ended and cancer has finally been cured. The election has been great!