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Restaurants seeing a lot of 'pent-up demand': Ed Rensi - YouTube
Channel: Fox Business
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joining me right now is former
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McDonald's us a CEO former Famous Dave's
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barbecue CEO and fat Brands
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International Chairman ed Renzi and it's
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great to have you thank you so much for
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being here and in the last segment we
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were talking about how some of the
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leisure industries whether it be
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restaurants hotels will see structural
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change and this need to really fire up
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the manufacturing base is what Peter
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Navarro was writing about this morning
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tell me what you see is the new jobs of
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the future and how the restaurant
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business in your view might change well
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yeah as a student of the hospitality
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industry and being out and about and
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talking to my friends who own
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restaurants operate restaurants and are
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involved in franchising restaurants
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we've seen a bunch of pent-up demand in
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short term the recovery has been pretty
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good in a lot of locations here in
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Florida people were celebrating the fact
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that they could go out and have
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something to eat and have a drink
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social distancing is the way of the day
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I think that's good but things are going
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to change small retailers in these malls
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and strip centers are in big big trouble
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because the companies like Amazon have
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just taken their business away from them
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I think hospitality is going to be fine
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people need relief from all the horror
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they see on television the the looting
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in the activism and the discord in
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government is really taking a toll
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psychologically and I think getting out
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and about Disney reopening I think
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governor DeSantis has done a fabulous
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job down here managing the covert 19
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virus in Florida I think we're starting
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to get back to some semblance of more
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normal gonna take some time jobs are
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going to be different you're going to
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see a lot different kind of employment
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structure when you look at the number of
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people the customer ratios and things of
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that nature drive throughs are going to
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become more important than ever before
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because people psychologically feel
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safer going that there's a lot of change
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coming I hope it's for the better well
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let me ask you just mentioned Amazon
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because there's a fight going on this
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morning I actually between Amazon and
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and Elon Musk founder of Tesla and
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Elon Musk is blasting Amazon and its
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founder Jeff Bezos pretty much for not
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accepting a certain book but saying that
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the the book about the corona virus
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pandemic it's it's a clash that
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highlights the power that some big tech
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companies wield over speech do you think
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Amazon should break up absolutely not
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and I find it ironic the two
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billionaires are fighting over a book
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I've been is just nonsense the reality
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of it is Jeff Bezos built a company if
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you want to compete with him do what he
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did be competitive that's what the
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United States is all about it's a free
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enterprise system I don't favor at all
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busting up Amazon but local retailers
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have got to get smarter if they're going
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to compete it's pure and simple it's a
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free enterprise system we have a lot of
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opportunity let's let's use that
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opportunity well the reason is is
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because musk was responding from a tweet
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from Alex Berenson he's the author said
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that the Kindle direct publishing had
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rejection his submission for a book and
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the book was unreported truths about
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Koba 19 in lockdowns questioned whether
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the virus is as deadly as the public
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health says and musk says well he should
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not be rejecting a book but that's a
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whole nother story let me ask you about
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this this job creation situation and
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what Peter Navarro writes about how are
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people going to get trained for those
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jobs do you think there's enough
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infrastructure in place to ensure that
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our jobs of tomorrow and we understand
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what they entail and we have the
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skillsets to get those jobs I absolutely
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do I think that industry always adapts
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been around a lot of large corporations
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in my life and seen their training
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programs those training programs evolve
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every day to meet the needs of the new
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employee culturally were different every
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generation and the needs in the way you
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train are different OpenOffice concepts
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working for home these things are all
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going to evolve and reach a peak of
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efficiency and then the new thing will
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come along I personally have trouble
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with not working in an office because I
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like to look people in the eye
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see what their leadership skills are
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like understand what kind of questions
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you're asking because body language is
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probably 80% of the language that takes
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place in a business environment so I
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want to be close to people younger
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generations of people not so much
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mm-hmm so then that may dictate how they
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work and what they what jobs they take
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on Brian Bren Berg jump in here and it
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Brian Brenner here we want to get a
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manufacturing resurgence the United
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States this has to be the best place in
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the world to do manufacturing some
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people are talking about a blue wave in
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November if we get that does that
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jeopardize our ability to be able to
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bring manufacturing back home are they
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going to be afraid to operate in a
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progressive dominated country where
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you're talking about policies like the
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green New Deal
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I think just the opposite is true I grew
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up in a very blue-collar community a
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blue-collar town of fact I'm going back
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there in October to give a speech we
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need welders we need carpenters we need
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cement layers we need bricklayers we
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need people to work with our hands
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highly skilled and they built America
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they're gonna build and rebuild America
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over and over and over again what we
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need to do is wise up and start valuing
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what a great contribution that the
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people that work with their hands make
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blue-collar workers are essential you
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can't have work from home without
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somebody building computers and all the
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rest of the stuff that's needed to do
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that I really look forward to a
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resurgence of blue-collar workers which
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is why Peter Navarro writes in that
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op-ed this morning the most important
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event this past week was not the burning
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and looting of cities it was Saturday's
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launch of the first manned u.s. space
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mission in almost a decade
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he writes that in the op-ed as in as an
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example of some of the high tech jobs
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that could be available in the future
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and what we should be striving for in
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terms of firing up that manufacturing
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base that manufacturing base could be
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anything from you know quantum computing
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an AI to technology within healthcare it
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absolutely I think we need to revisit
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health care in senior citizens
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health care we did a terrible job with
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this Cove at 19 when it came to nursing
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homes as senior living centers and
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things of that nature we don't have to
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function that way it's almost
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third-world in some ways I think we
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could use the intelligence we have we
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need to find new health care worker
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training programs we need to encourage
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people to get into health care and we
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need to stop putting such a huge burden
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on our medical facility like god the
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nurses and doctors working hour after
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hour after hour without all the
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equipment they need let's bring all that
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back to the US and quit when you're not
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outsourcing that why do we outsource our
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space program to the Russians for God's
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sake why are we letting China build our
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medicine it's crazy
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well that's absolutely right seventy
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percent of the active ingredients in our
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prescription drugs made in China not a
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good place to be reliant upon in the
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middle of this pandemic ad great to see
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you thank you for your insights this
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morning as always
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