they say bloomingdale's and blue mercury, the higher end offering has bounced back.so for those earning 75,000 and less shopping at macy's who are dealing with inflation and having to fill up their gas and automobile so overall they are feeling pressure. at the moment they are downgrading the optimism around the consumer which is relieved about the debt ceiling and have been pushing for some kind of reaction and movement from the government. they are really driving artificial intelligence and saying that is where they could have the right product for the right price with the right inventory going forward. guy: the question of the day in reality is how big are the discounts going to be a bloomingdale's. that is what she wants to talk about. alix: the discounts had been bad. caroline: if you need some sandals, they will be discounted. guy: i suspect that we will see her and open toed sandals very soon. let us talk about salesforce and we should talk more about tech. what do you make of that story? caroline: not going fat -- not growing fast enough. get onto c3 ai. peop

pandemic as people had a little extra money, they were shopping more at luxury brands like at bloomingdale's aspirational customer has fallen off because they're under more pressure with their checkbook and so that would be another factor that you're not just seeing weakness with their department store, which skews toward a little bit of a lower income household to household, about half of their households at macy's make 75,000 or less, he said at bloomingdale's they're seeing more weakness and that's a more concerning factor. >> it makes more sense, like we were saying earlier that bloomingdale's would be weak to see macy's with -- in a way that under 75k was supposed to be a stronger segment, and not doing enough to offset elsewhere, melissa, thank you. we'll check back in soon we appreciate it shares down 8% for macy's. >> thank you. >> $12, so sad. >> $12, the equity $3.5 billion market cap. >> i know. i know i can't believe it >> what is herald square worth >> it has been rough malls. everything amazon >> but has it been that rough? look at abercrombie. there are brands that have been a

were mostly creating every character from either century 21 or consignment and thrift shops, bloomingdale'svery -- >> modest? >> tender. >> reporter: stealing from one of their famous catch phrases, i couldn't help but wonder, do friendships really last forever? do you feel when you get together, it's just like old times? >> it's real easy. >> yeah. >> you've known each other a long time. >> a long time in years, and a lot of things have happened in our lives, you know what i mean? we've had children, got married, all kinds of things have happened. >> carrie, party of three? >> nice! >> "sex and the city" was all about 30-something women finding themselves, vibrant lives, vibrant sexual lives. now, and just like that, it's about women who are older. how important is that for you? >> when people were surprised, like oh, you're coming back when you're older. why should we be hiding? why are our lives not interesting anymore? that's insane. and we have to change it. because it's cuckoo to lock everybody over 50 up. >> it's also, story-wise, it's simply no less rich. enormous, important things

luxury, and is on both sides of the atlantic read alex's caring about what's happening with the bloomingdale sales story, but the macy's stale -- stories broader, and it's happening here in europe. remy cointreau, escaping higher ends with luxury liquor. pay attention to that. swatch group is happening here. stock is down by 3.22 percent. for the first time in two years, swiss watch exports to the united states, were talking high-end stuff, have on. we haven't seen this for a while. this speaks to a narrative. we are getting out of macy's. >> is also the idea that we are holding onto cash because we want to edit on things like traveling to europe instead. have we priced in the upside were going to get from the consumer. here, we have the s&p by 4/10 that we have a little bit on the bond market, and stocks are a turnaround. we had new orders, we had backorders orders, the inventories at the lowest is the financial crisis and it was ugly, but prices are coming down and employment is holding up. this is how the market recalibrated. in the s&p salesforce, these are the two worst-performing stock

bloomingdale's turned negative. so nowhere to hide at the moment in retail. liz: what about -- and this is not a place to hide, but victoria's secret? dropping to the an all-time low at this hour, that's a record, i mean, a bleaker outlook, but is that think of an all-time low? >> it is. you know, we have a sell rating on stock, and, you know, they've talked about their core categories being under real pressure here. and, again, it's the all about discounts. these companies now are having to push buy one, get three free, to get you interested in purchasing anything. so there are certain companies where you're going to see not only revenue if pain, but also margin pain. there are other companies like a tpr that owns coach that have held margins, and they're not discounting. sales aren't great, but the street's giving them a pass on that because it shows that they have product that the consumer wants. foot locker -- liz: well, yeah. as you said in your note about victoria's secret, it's looking as bad as, what, painful as an ill-fitting bra. very appropriate at