tom: as a heritage of luxury analysis, bergdorf goodman is bankrupt. how will this end?stores on fifth avenue, and the bergdorf goodman's across the nation, how will that work out in bankruptcy and's arrival? -- and survival? joe: we believe there is pent-up demand at the luxury and. as -- luxury end. as things improve, the high-end consumer is still employed if the market can hold up and they will feel better about their economic position. they will not be taking a big trip to europe this year and will have more money to spend and will start to buy. i think the high-end retailer like neiman marcus, saks fifth avenue and others like it, there has been a lot of pressure and you are seeing more direct to consumer for the luxury brand, but i think those brands will hold up well. feldman, thank you so much here is ritika gupta. ritika: the trump administration cut royalty payments for utah,rs on the land in paying as little as 2.5% of the value of the natural gas and oil they extract. it is designed to help oil producers survive during the crisis. president trump says it is

dagen: right, it is a retail reckoning long coming for say a chain like neiman-marcus, also owns bergdorf goodmanller brands to survive this that being said facebook announced facebook shop new feature going to let businesses post liftings to fibering instagram, instagram story for free a huge help but also on in the thiss not have-nots there are goods manufacturers channel, louis vuitton raising prices, so -- a handbag 10 grabbed isn't enough? they are trying to basically can when sales are low shut off trying to pad profit margins according to business fashion ready for rebound in china. >> oh. chinese customer is real important for retailers japanese he consumers spend a lot of money, i get that, but to raise prices during this environment really bad news. quick break markets pointing to a triple digit again how retail investment banking are driving markets coming up. stay with us. we'll be right back. ♪ principal is by your side. we're working hard to answer your questions. like helping you understand what the recently passed economic package can mean for you. we're more than a financial comp