do you have a lot of coach or kate spade floating around yours? i know my wife is a kate spade person >> it is kicking around for sure what i know, dom, when it was coach, just that brand, the ceo at the time used to say that only apple stores were more coveted by mall landlords in terms of the traffic they generated versus coach they were second to apple at the time, so he claimed. clearly this was built upon brand affinity, and i think there is a case to be made that the brands that do have that kind of stickiness with customers that are recognizable, they have an advantage here as opposed to the distributors or just kind of basics, for lack of a better term. it's a pretty decent contrarian stock haul to say, it looks okay, they can probably weather this period. and in theory, people are going to want a new bhag when they go out of their homes >> seema, where do you spend your money is it kate spade, coach or elsewhere? >> i'm just saving my money. i'm not part of this trend of people putting their money to work in retail we're not going out as

hey there you not them being kate spade maybe not put out and so forth. yeah u. k. is he still going to feel martina. a little susubway. federal state. that is not the link last gig data meaning. or not soft any resigned it was available. the paradox is that a court can be labeled old danny quiles not only ravaging apple says but also contributing to these a trial of plastic pollution as far as the eye can see by. sorry lot of because there is a bit of an escort- allowed anything because- we're going. i must admit but i would ask. if there's this s. them into of. as looking awesome more there's not i'm not. care this was the last of the last than any other. us the little plastic available in the t that i'm blessed on this day we a focus a lot i think the most only. then address the nothing and i'm back inin i was there they got a lot. i you might just selling eyes last. the best companies abandoned nra but not as- total the middle. well therere is a bus to go senator because come sense. okay let plastic was for that i really said it all not going like this. this

all tapestries brands coach, kate spade and store whitesman saw sales plunge 50% i did talk to the interimcharge of driving this turn around. she offered me color saying that they safely reopened a vast majority of the stores when they were close ted beginning of the quarter. she is also seeing younger customering coming to brands like coach and overall what she calls strong purchase intent from the customer. she says the company adapted quickly with curb side pickup, trip triple digit growth in digital and the tapestry associate dozen virtual shopping parties with clients. and she says they returned to prepandemic growth in china. but in the meantime, she is controlling the controllables in the words of former cfo which means cutting costs which helped lead to the beat on profits. fwhut is a company in turn around mode without a permanent ceo and bizarre drama surrounding the exit of the previous ceo many retailers could be an uphill climb doesn't look like wall street necessarily bought the bull case yet. they'll have to see more proof she can engineer this turn around for growth when de

the lack of traffic forcing retailers from jcpenney to kate spade to neiman-marcus to shut some new yorkme. >> if they close in new york city, they can save on that expensive rent and re-open in other places such as florida or the midwest or elsewhere. >> reporter: where it's much less expensive to operate. one of those companies paying top dollar, victoria's secret which shells out nearly a million dollars in rent every month for its flagship shop in midtown closing its big apple locations while opening in other states. the hefty bills also hitting many small businesses hard. >> business went down drastically. i would say probably 90%. >> reporter: other large cities across the country are also seeing a decline due to the pandemic. the l.a. metro area losing nearly 7,000 businesses and chicago almost 3,000 since march. and a new report from s & p global market intelligence say six major restaurant chains could fail if finances were to deteriorate including applebee's, the cheesecake factory and ihop due in part to capacity limitations but when it comes to new york city, some experts are

tapestry oi own coach and kate spade at premarket boost, that is a premarket price, 15 on tapestry.e have been following their virus vaccine. they are making headlines for a particulapotential treatment, ve then, treatment now. ashley: good morning, this is working on antibody treatment and prevention for covid-19. they're making a protein in the lab that is produced normally by the body by the immune system. and they're trying to copy the protein to provide a treatment and prevention of covid-19 and it's already on a phase long critical trial in the hope that this thing will move along quickly, as you mentioned the other vaccine with the university of oxford will go before the regulators this year. it's moving quickly. stuart: premarket astrazeneca up again. lots of news about treatment and vaccines and every time you get positive news, travel and leisure stocks go up, take me through. give me the winners. lauren: you're looking at some of them, the news this is the second game of news for the stocks. new reaching cruise lines, some are up 10% and the gains continuing today. most i

kate spade is doing battles where according to analysts. in march and april but not the bustling metropolis we've come to know in new york. crime has spiked with higher unemployment. some say this might be the death knell from new york city. it has come back from 2008 and 9/11. ashley: also, susan, movers say relocations from new york city are accelerating at a feverish pace what they say. susan: i don't think this surprises anybody. according to higher he helper, 15% of all moves tracked were helped by the pandemic. of those moves 37% were moving because they could no longer afford to live in the cities they're living. that means exodus from high rent cities, like new york, san francisco, which saw more people leaving than moving in. both cities have 80% more people moving out of the area than moving into the area. new york city has 64% more people leaving than moving in. you wonder where they are going to? surprise, surprise, idaho saw the biggest jump. close to 194%. that is tripling the number of people moving in compared to leaving. th