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Stock impact report

Restaurants, cafes and concert venues are getting pummeled as coronavirus forces social distancing [CNBC]

WaFd, Inc. (WAFD) 
Last wafd, inc. earnings: 4/21 07:00 pm Check Earnings Report
Company Research Source: CNBC
Natale Servino, general manager of Servino Ristorante Jeniece Pettitt | CNBC Servino Ristorante, an upscale Italian restaurant in Tiburon, California, is a short drive or ferry ride from San Francisco, where scores of software and internet companies have emerged over the past decade. Normally the 42-year-old restaurant, with picturesque views of the Bay, benefits from the thriving local tech economy. But with companies including Google Facebook Salesforce work from home Corporate events in the banquet hall have all been canceled, said Natale Servino, general manager of the family-owned business. And there's been a big dip in diners coming in from San Francisco. "We're certainly thinking about some worst-case scenarios or prolonged closures," said Servino, in an interview at his restaurant on Thursday afternoon. "Our real concern is the hourly employees that come in and bring home compensation based on the amount of of hours they put in. In this industry, a lot of that is based on tips Show less Read more
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