San Francisco restaurant that kicked out cops says it ‘handled this badly,’ won’t rule out doing it again

The owners of a San Francisco restaurant are now apologizing after denying service to three uniformed police officers who were on-duty.

Hilda and Jesse initially denied service to the three San Francisco Police Department officers on Friday after they were seated at the restaurant. 

According to ABC7 News, one of the owners said that the on-duty police officers’ “presence” made staff at the restaurant feel “uncomfortable.”

“It’s not about the fact that we are anti-police,” co-owner of Hilda and Jesse, Rachel Sillcocks said. “It is about the fact that we do not allow weapons in our restaurant. We were uncomfortable, and we asked them to leave. It has nothing to do that they were officers. It has everything to do that they were carrying guns.”

SAN FRANCISCO RESTAURANT DEFENDS DENYING SERVICE TO ARMED POLICE OFFICERS: ‘WE WERE UNCOMFORTABLE’

Hilda and Jesse Storefront (Fox 2 San Francisco)

According to Sillcocks, the officers are welcome to come back and dine in the restaurant but without their weapons.

In a new Instagram post on Sunday afternoon, the co-owners apologized for asking the on-duty officers to leave.

“We made a mistake and apologize for the unfortunate incident on Friday when we asked members of the San Francisco Police Department to leave our restaurant,” co-owners Rachel Sillcocks and Kristina Liedags Compton said. “We are grateful to all members of the force who work hard to keep us safe, especially during these challenging times.”

The co-owners continued, stating that they hope the incident will be a “teachable moment” but stopped short of saying whether on-duty officers are welcome in the establishment.

San Francisco police officers (Fox 2 San Francisco)

SAN FRANCISCO GUARD, A FORMER COP, SHOT AND KILLED PROTECTING NEWS CREW COVERING A SMASH-AND-GRAB

The online restaurant review platform Yelp announced they are temporarily suspending the ability for individuals to make reviews for the Hilda and Jesse restaurant because of “increased public attention.”

“This business recently received increased public attention, which often means people come to this page to post their views on the news. While we don’t take a stand one way or the other when it comes to this incident, we’ve temporarily disabled the posting of content to this page as we work to investigate the content you see here reflects actual consumer experiences rather than the recent events,” the announcement reads.

Logo for the Hilda and Jesse restaurant in San Francisco. (KTVU FOX 2)

After the incident on Friday, the business received a number of one-star reviews bashing the restaurant for asking the on-duty police officers to leave.

“Given that this business has decided to Discriminate against first responders, I reserve the right to Call For A Boycott Of Hilda and Jesse,” one Yelp user wrote.

The San Francisco Police Department Chief William Scott said in a Twitter post on Saturday that he found the incident “discouraging and personally disappointing.”

CLICK HERE TO GET THE FOX NEWS APP

San Francisco Police Chief Bill Scott speaks to reporters. (AP Photo/Jeff Chiu, File) (AP Newsroom)

“The San Francisco Police Department stands for safety with respect, even when it means respecting wishes that our officers and I find discouraging and personally disappointing,” Scott said on Twitter. “I believe the vast majority of San Franciscans welcome their police officers, who deserve to know that they are appreciated for the difficult job we ask them to do – in their uniforms – to keep our neighborhoods and businesses safe.”

A spokesperson for Yelp told FOX Business that the company takes a very “proactive approach” when dealing with “review bombing.”

“For years, Yelp has taken a very proactive approach to dealing with ‘review bombing’ incidents through our Consumer Alerts program. We place Unusual Activity Alerts on a Yelp page when we uncover an influx of activity in response to a business gaining public attention, caused by people coming to Yelp to express their views on an issue instead of describing their actual interaction with a business. It’s our policy that all reviews on Yelp must be based on a first-hand consumer experience with the business.  After this activity has dramatically decreased or stopped, our moderators will remove the alert and clean up the page so only first-hand consumer experiences are reflected. Factoring this type of content out of the equation protects the interests of both consumers and business owners,” the spokesperson said.

FOX Business reached out to Hilda and Jesse for comment.

Fox News’ Emma Colton contributed to this report

Oil prices have tanked so hard traders are assuming planes won’t fly for 3 months: Goldman Sachs

Oil prices have come down way too fast on Omicron variant concerns, says Goldman Sachs oil strategist Damien Courvalin.

In fact, the price correction is borderline comical, per Courvalin’s calculations. 

“The lack of discretionary buying activity in the face of an uncertain new COVID variant has therefore left prices in free-fall and pricing in a dire demand outlook. We estimate based on our pricing model, that the market has now priced in a mammoth c.7 mb/d [millions of barrels per day] negative demand hit over the next three months, with no offsetting OPEC+ response,” pointed out Courvalin in a new research note on Wednesday. 

Courvalin added, “To put this into context, this would represent any of these extreme outcomes: (1) not a single plane flying around the world for three months, or (2) half as intense as the 2Q20 global lockdown, or (3) a world even worst-off than before vaccinations: the combination of global jet demand falling to last winter’s level (-1 mb/d), a twice as large hit to EU demand as the Alpha variant last winter (-2 mb/d) and twice as large a hit to Chinese demand as the Delta variant this summer (-1 mb/d). The relatively parallel nature of the sell-off, with back-end prices down $7/bbl, could also be interpreted as the market pricing in a shallower but longer demand hit: a c.4 mb/d hit over 3 months with c.3mb/d of this a permanent impact offset by higher OPEC+ spare capacity.”

WTI crude oil prices have plunged 12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} since Nov. 24 on worries the new variant will stunt global demand. As Yahoo Finance’s Jared Blikre notes, oil prices are now down about 23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from their recent high.

Shares of oil majors Exxon and BP have shed 7.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and 9.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}, respectively, in the last five sessions, according to Yahoo Finance Plus data.

The sell-off in oil comes amid a violent broader market pullback this past week, which continued on Tuesday. 

The Dow Jones Industrial Average plunged 652 points in Tuesday trading, while the Nasdaq Composite and S&P 500 were also deeply in the red. All 30 Dow components were in the red for the session, except for Apple and Merck.

Courvalin believes the steep pullback in oil prices is looking overdone.

“We view the move lower in prices as excessive but understandable in the context of low year-end liquidity and risk appetite. Given the large uncertainties at this time, we await further news on the variant’s development and additional restrictions imposed before refreshing our supply and demand balances and oil price forecasts, although again reiterate our view that the market has far overshot the likely impact of the latest variant on oil demand with the structural repricing higher due to the dramatic change in the oil supply reaction function still ahead of us,” Courvalin noted.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Read the latest financial and business news from Yahoo Finance

Follow Yahoo Finance on Twitter, Instagram, YouTube, Facebook, Flipboard, and LinkedIn