penney retailers lucky brands brooks brothers and taylor parent company siena retail group as well as home goods retailer pier one imports and vitamin seller gnc holdings now those are just to name a few of these companies now these companies of course rely on malls to operate at their full capacity for context retail bankruptcies this year have already eclipsed those of 2019 as a whole and video. 2020 is on pace to compare with 2010 when there were 48 such filings in the wake of the great recession so for more on this let's go and the state of the economy for the bring it boom bust co-host christiane and octavia marandi c.e.o. of op of us thank you both for being here octavia i want to start with you in the midst of all these bankruptcies of course investors have remained focused on the prospects for a stimulus package to help the u.s. economy recover of course we just spoke about the possible deal that was presented by the democrats earlier in the show but is more stimulus actually needed to stop these bankruptcy is or is it too late. well i think if you go back and look. at that yo

penny brooks brothers and j. crew are also struggling experts say with hours without a strong presence particularly vulnerable of consumer demand wanes for a pair of high heel shoes add a glamorous dress retailers we're going to have to pivot very quickly and as you see demand for mass are going up demand for the essential items are going up which brings us to this year's must have excess or as designers we all have to look at with this new accessory was the mask and what does that mean and has that look like going forward as a creative i think its challenges are good for me and it stretches me to be more innovative so a fashion trend embrace by designers but one that everyone hopes will be short lived particle hane algae. this is al jazeera these are the top stories how to consolidate has brought life threatening floods from florida to alabama buildings homes and cars have been deluged and hundreds of people have been rescued by emergency crews off a 1000000 people have lost power in the region jay gray has more

brick and mortar stores legacy names like lord and taylor brooks brothers j.c. penney neiman marcus are in deep trouble like telecommuting e-commerce has merely accelerated a term that was already in motion bend have we seen a permanent shift in retailing. i think we have i think what we're seeing right now the 1st of all you know if you are amazon when we talk about these lock downs you don't want to see a change right this works very well for them it works very well for e-commerce companies and tech companies that are really reaping as you said incredible windfalls right now but as a result of that what we are seeing is a major major blow to middle class americans mom and pop shops that were already suffering as a result of e-commerce and then of course big box stores and brick and mortar stores which were again were already on the ropes they have now suffered a kind of a. blow that i don't think they can come back from at this point and really what i think the shift is beginning to move toward is will there be new competition in the e-commerce space not in th

an nbc news investigation found one company there had supplied clothing to hugo boss, ll bean, brooks brothers that yields this versatile product, palm oil is in a ton of products in your home including lipstick, peanut butter, various candies, and hand sanitizer. the world today has plenty of examples of truly retched governments, ruthlessly repressive, economically crippled, groping for stability. with, perhaps, the notable exception of using police and troops in protests. and oh, by the way, he already said he might not honor the election results. remember the 2016 debates? i will keep you in suspense? he also said it this summer to chris wallace of fox news. >> can you give -- can you give a direct answer, you will accept the election? >> i have to see. look. i have to see. i'm not going to just say yes. i'm not going to say and i didn't last time, either. >> so why are we panicked over something we already heard, from someone we already know? maybe, it's because the election is around the corner. voting is underway. it may feel more real, now. and that's fair enough. no one can take away

penny brooks brothers and j. crew are also struggling experts say retailers without a strong line presence are particularly vulnerable of consumer demand wanes for a pair of high heel shoes add a glamorous dress retailers we're going to have to pivot very quickly and as you see demand for mass are going up demand for the essential items are going up which brings us to this year's must have excess free as designers we all have to look at with this new accessory was the mask and what does that mean and has that look like going forward as a creative i think it's challenges are good for me and it stretches me to be more innovative so a fashion trend embraced by designers but one that everyone hopes will be short lived particle hain al-jazeera. just times reminder you can find out much more about many of the stories we're covering by going to our web site usually dress for us i'll sarah dot com. that's it for me from. far away though we're back with more in a couple of minutes time to see that. from fossil fuels to mo

penney, brooks brothers, and neiman marcus, a direct competitor to saks fifth avenue. during this period? >> the evening gowns. >> reporter: marc metrick, president and c.e.o. of saks fifth avenue, temporarily closed all 40 of his stores. now, he says, business is sound. >> reporter: people are buying handbags? >> absolutely. >> reporter: people are buying pumps? >> yes. can you imagine? we are the comfort food of fashion. we are the splurge. >> reporter: so these come in -- >> and they go. >> reporter: men's at saks fifth avenue is performing unexpectantly well. >> you knew you made it when you had the suit with the tie and the hat. now it is the opposite. >> reporter: buyers are anything without a fitted waist is doing well. >> reporter: the pandemic has prompted a homecoming of sorts for tracy reeves and her sustainable brand, "hope for flowers." >> i'm questioning every piece, like, wil would i wear this? >> reporter: he closed up shop in new york and moved back to her native detroit. she now works from home. >> it has been my plan for the past two years to make de

the reason why i was a part of that brooks brother riot as a much younger man i must say.s and they had a democrat and a republican observer to look through the ballots. and some of the counties i was in, we went through these ballots 1, 2, 3 times. and they would make different determinations on what bucket those ballots went. in they took them behind the doors, brian so, that there couldn't be any more observers. and that's why we ran up there and started screaming and chanting because you have got to have transparency second thing is the mail system loses 5% of mail. voting by mail is already inherently more risky for any voter. number two, they are not requiring post marks on all these jurisdictions. so, if they say we can take up to 7, 8, 9, 10 days to wait for ballots to come in, you literally could have voters in democratic systems on election day, after election day. they could make it up without having post marks on the ballots. now, can you say i'm a conspiracy thirst, well, let's do. this let's have regulation that make it very clear you can't vote after electio

you have neiman marcus, lord & taylor, brooks brothers on that list, dianne vonfurstenberg said she wouldndreds of people. if you go outside, even past labor day weekend, there are sales everywhere. that's because people are not doing the discretionary shopping, they are not buying the items that make them feel good. and you even had to this day, those people that are sticking to sweat will dpants. those sales are doing quite well. even anna winter, the "vogue" editor who said she would never wear track suits was seen wearing a pair of sweatpants. figured i would show you guys that. you also have designer marc jacobs who told "vogue" in a recent interview throughout the pandemic that this was -- the industry was struggling for a long time and many of his collections could be in debt. listen in. >> i'm not sure there will be a spring/summer '21 collection. i just don't know. this has been a very difficult business to be in for a long time. reporter: now the business model is completely changing and that's changing to direct-to-consumer. you are seeing that, even nike is reducing the number

seeing bankruptcies across the board from neiman marcus, lord & taylor, brooks brothers, all filing for0 alone. gap said it could not pay rent for the 2500 stores across the united states. the situation now according to boston consulting group since we're talking about luxury we should see sales fall 25 to 45% in 2020. it could take three years to recoup. nonetheless this deal, falling through. lvmh is not buying tiffany. ashley: all right. kristina, thank you very much. let's take a quit look at ups, announcing that they will hire over 100,000 seasonal employees as they gear up for the holiday season, all the online shopping. ups also noting that more than a third of past seasonal employees had gone on to land permanent jobs with the company. that is a good deal. >>> coming up president trump courting suburban voters with his hard-line law and order message. watch this. >> all we want is law and order and i just put out something, the is a bushes are coming big to us because the suburbs are next. if you elected this guy, the suburbs would be overwhelmed with violence and crime. so that

you see j.crew and brooks brothers that are going bankrupt, and look at the effect that it's having on aren't flying, and that's having a dramatic impact on the airliners as well as american and united have to lay off workers. stuart: heather, i think you're absolutely right on that one. the office economy is really getting clobbered, and will be for a long time to come. >> i need to go back. yes, sir. stuart see you soon, thanks. take a look at facebook. i don't think -- look, there's a selloff going on in facebook, obviously, it's down 5%. they announced early this morning they won't allow new political ads on the site the week before the election. i don't think that's the reason for the selloff, i think facebook is just caught in -- you think -- >> no, i totally agree. yeah, don't forget, facebook i think the levels that we saw was above $300, at a record high. stuart: it was. now you're at 287, down $15. that's 5%. big drop there. fedex, show them, please. i think it's -- well, it was up earlier. got some positive news there. they're expanding sunday delivery service to about 95% o

then you out on the retailers that are been filing from july to august and talking about the brooks brothersor parent, that means we are looking at 22 and county and the number of retailers that have closed up shop surpassing the 48 back in 2010 after the global financial crisis. stuart: what you have on retailers. ashley: last month 424 companies have declared bankruptcy, that's across-the-board according to s&p global and those include the well-known brands that we talk about, j.crew, jcpenney, neiman marcus and on and on, that will grow because as the economy slowly returns, social distancing and the reduced store capacity makes a proper recovery basically impossible but it's not just retail and consumer driven companies getting hammered, the industrial and energy sectors together accounted for nearly 100 bankruptcies, you can throw in herds global, petroleum just a couple in some they rearm merge from vagrancy but many will not in the list is growing. stuart: were buying a different kind of thing, it's been a long time i've seen a man walking down sixth avenue with the suit on. you do no

and if we look at the fate of brooks brothers, that begs the question, right?loafers. but an interesting caveat with rent the runway is they started seeing women purchasing more formal wear. so if she's going out to weddings and events like that, that might be a leading indicator. stuart: amazon going into the luxury store business with its partnership with oscar de la renta. that's a hit on the department stores, surely. >> right now everything is a hit on the department stores, stuart. [laughter] it's actually a luxury disrupter, but it is a head scratcher that they led with oscar, which is an old school heritage luxury brand, and their core consumer doesn't even know what amazon is. so uma little leer -- i'm a little leery on that front. stuart: nicely put. a little leery on that front. well, you're all right. you can say what you've got to say in a short period of time. >> part of my charm. [laughter] stuart: yes, it is. thank you, kristin. you will be back, got it. [laughter] >>> did anybody see cnn's town hall with joe biden? ah, okay. 16 questions, 13 of

>>particular also that comes to my goal don't ideal brooke, and not even 15 minutes later he come back to my my brothers did you put a bag or was he. >>it's a pretty bad it was he a fool. >>that was jane flash reporting for us tonight, an autopsy found the pru died from complications of expects you're from physical restraint. he also may have had pcp in his system. the 7 officers involved have since been suspended with pay and the new york attorney general's office has taken charge of the investigation. protesters march to washington dc mayor morial bouncers house today calling on her to fire the city's police chief. >>and defund the police department out there come after a police officer shot and killed an armed 18 year-old on wednesday. police were responding to reports of people with guns in a vehicle. when they approached the vehicle police say some started running on foot and one of the officers fired at him 18 year-old dionne kaye was hit and taken to a hospital where he was pronounced dead. >>loss of lot life of anyone in the district of columbia is tragic. for a family in the community to the ka