macy's will cover the premiums for those already enrolled in the coverage macy's has part time workers so this is not necessarily the every employee getting a paycheck from macy's all the time and likely the case with retailers, all looking really hard at the financials to do what they can but it's going to be situationally dependent. >> absolutely true courtney, thanks we appreciate it j. >>> a new headline saying the coronavirus could lead to job losses that peak at nearly 50 million people and the unemployment rate hitting 32%. now the study out st. louis fed does ignore the impact of the fiscal stimulus. it's to try to estimate the impact joining me more, matt mayly and hugh jackson it's good to see you both. matt, i guess it's important to know, to have a sense of how bad the information could be because it's going to look really bad and i guess the idea is to try to take the sting out of it when it hits so people understand this is the size of the hit we're potentially talking about but here are the things to get it down as quickly as possible, right? >> yeah. there's no question

macy's laying off its employees. but wasn't that $2 trillion stimulus bill passed last week by the u.s. congress, wasn't it supposed to help these big companies so that they don't have to lay off their workers? >> well, i mean, what's going to happen is that it will probably help the workers. i'm not sure if they're really getting laid off or if they just have to leave for now and then wait and see what's going to happen. but if you look at it, here in the united states, depending on -- average people get unemployment aid, about 45% of their salary. and with this aid package that congress passed friday, that's actually going to increase the amount that the workers at department storeres like macy's, for example, can claim now. the whole thing is not unlimited, but at least it will help the pain a little bit for those people like in the case of macy's, who are not able to go to work right now or who are laid off entirely. >> and if we look at stocks today on wall street, they're looking fairly good today. how do you e

economy another big retailer is getting rid of workers the department store macy's announcing it will temporarily lay off the majority of its 130000 employees without pay macy's joins a growing list of american retailers who are laying off employees in a bid to save cash while their sales disappear the department store depends heavily on foot traffic it was already struggling before the crisis unemployment claims in the united states are billing due to measures to stop the spread of the coronavirus . art i'm joined now by our financial correspondents in new york and scored a good afternoon to used against macy's laying off its employees but wasn't that 2 trillion dollars stimulus bill passed last week by the u.s. congress wasn't supposed to to help these big companies so that they don't have to lay off their workers. oh well i mean what's going to happen is that we'll probably do help the workers and i'm not sure if they're really getting laid off or if they just have to leave for an hour and then wait and see what's going to happen but if you look at it here in the united states depe

one individual stock we were watching closely was macy's. macy's made announcement earlier that they were going to furlough the majority of its workers, 130,000 people or thereabouts. this stock has been sold off by 60% or so over the last few months. they tried all kind of things to save cash at macy's, suspending the dividend, on and on. when it came down to it, the stores remaining close because of the virus, the decision was made to furlough workers. they will continue to pay health benefits at least through the month of may. we extend the gains for last week at least of now. we have 700 point advance on the dow. back over to you. melissa: here now is dan henninger from "the wall street journal." he is also a fox business contributor, and dan, one of the biggest questions everybody is grappling with right now, how much of this damage to the economy and to all of these businesses is permanent? what will come back and what won't, what do you think? >> i think this is the biggest variable the market is not able to price in right now. that i

what does this mean to you if you have ordered something from macy's?ems should arrive no problem at all but it could be delayed by all the shipping issues caused by the virus lockdown. aside from macy's the company operates bloomingdale's and blue mercury brands. >>> u.p.s. is talking about delivery problems. it has suspended its service guarantee for all shipments to any destination at all service levels. the rules for most consumer par parcels can be complex but if a location is closed indefinitely the package will be returned to the sender. if the location is indicated to u.p.s. that it will reopen within nine days, the package will be held for delivery. >>> the coronavirus relief package includes a tax advantage way for i.r.a. owners to weather this economic storm. take money from your i.r.a. if you pay it all back within three years, all of it, within three years, there are no penalties or fees paid to the federal government. basically, you're making a loan to yourself. ira holders can take out as much as $100,000. a lot of people with their 401(k

macy's closed its doors two weeks ago, and most sales driedd up. macy's, they should arrive but could be delayed. >>> from the 7 on your side team, the coronavirus relief package includes a tax a tax a x from your ira. you can pay it back in three years there will be no penalties. so basically it's a loan to as $100,000. >>> and then schools will stay closed for another wildcat maso mi nrhe campus, and watching and waving from the curb. >>> the community is coming through to help the oakland zoo from the pandemic, and there are concerns about how the zoo might be able to pay to feed the animals and the staff taking care of the animals, and the zoo received $14,000 in donations, aedn at's just within the 24 fray. t sd big thank you to everyone who donated. we love to see that. >> that is awesome. people are suffering and yet still thinking of others this time of the year. that's fantastic. thank you, everybody. >>> i want to talk about what will happen this weekend. we will start on friday. we want to get outside, and it seems to be raining every we

macy's has closed all 775 stores including bloomingdale's. macy's websites will remain open. so not as many of its distribution and call center workers will be affected by this. >>> and san francisco based airbnb says it will pay host a quarter of a billion dollars for cancelled renovations during the coronavirus pandemic. airbnb will pay hosts 25% of what it normally would have received. the payout will be for check-in dates between march 14th and may 31st. airbnb is also coordinating safe places for 100,000 health care workers and first responders to say if they don't want to risk infecting their home. >>> so many changes. >>> time is now 4:49. while pam and steve are working from home. steve, you're getting us ready for a brand new tuesday with your weather forecast. >> dave, changes for pam and me, it's hard to explain, right, pam? >> it's really different. >> it will be a short story. >> all right. let's get to it here. we do have more sunshine today. after some low clouds. i don't think it's as extensive as of yesterday. last check 46 degrees. yesterday, we get some of

. >>> is the type of news that makes you wonder will macy's survive this pandemic?>>> a bit of a change as we are finishing the month of march and heading into april. the stormtrack shifting to the north. mostly dry weather this week. there are rain chances down the line in the forecast. we will attract those coming up. >>> today kpix 5 is launching better together. our campaigns to bring the stories happening in the bay area during these difficult times. we also want to connect you to people in our community who are ready to help if you need it. my new bite-sized, crispy popcorn chicken is so irresistible, you'll wanna eat them anywhere, so don't resist! pop 'em outside, or on the go, or on the way home! pop my 100% all-white-meat classic or spicy popcorn chicken combo for just $5.99. we find a way through it. it's about taking care of each other. it's the small parts that make a big difference. at chevy, we promise to do ours. we're offering chevy owners complimentary onstar crisis assist services and wifi data. if you need a new chevy, interest-free financing for

macie. it was happening but not a clear sum. at the time she was suing everyone, i didn't expect to see money coming from her lawyer into the account when it should have been going the other direction. the duke had four illegitimate children. and the two that were girls were able to carry his name and they were actually given names of his mother and sister of his. so, -- and they were very close with james smithson. they actually left him small amounts in their own wills as well. it's very possible. i'm curious about his legitimacy. he was concerned about the fact that he was a smithson because he grew up with the name macie. however, he knew the day he became a smithson, people would know he was the illegitimate child of the duke of northumberland. how do you compare both of these? heather: interestingly, he already made a name for himself as macie. it was really a calculation and it happened so quickly after his mother died, that he has to write someone to say that my mom wanted me to do this because it probably looked awful t

we'll talk to macy's former ceo.ll weigh in on whether there's more pain ahead for the sector i think the answer is yes. we'll be right back. plap it's a responsibility. emerson. consider it solved. hey you, yeah you. ♪ i opened a sofi money account and it was the first time that i realized that i could be earning interest back on my money. this is amazing. i just discovered sofi, and i'm an investor with a diversified portfolio. who am i? it's becausof sofi, i was able to acquire my first home. this is victory! i did it! thanks sofi for helping us get our money right. ♪ ♪ ♪ ♪ ♪ ♪ but when allergies attack,f any the excitement fades. allegra helps you say yes with the fastest non-drowsy allergy relief and turning a half hearted yes, into an all in yes. allegra. live your life, not your allergies. we see eat emerson,mulating when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. . >>> worries about the coronavirus remain front and center this as

macy's talking about letting people go. this is what's happening in our nation right now. bring in our closers. we have oliver persh, todd horowitz both with me. todd, good to see you. what do you make of all this? >> cheryl, double duty for you. you have been working great, doing a great job. look, i think the markets are going lower, as i have said to you on your show before. i think we are in the early stages of a recession. obviously the coronavirus accelerated some of the selling but i think when the fed has to continue to infuse liquidity into a market, that is not a healthy sign. i think we are going lower. i think the rally you just saw, the great rallies, so powerful, they usually fail and that's what we saw after the three big rallies. i think we are going significantly lower here and will take out the lows in my opinion. cheryl: here's the thing, oliver. we are just seeing headlines cross on walt disney. their parks, they will have to leave them closed until further notice. there's no, for these major american companies, we rely on them to tell us where they're

macy's, kohl's, the gap, cutting payroll, impacting hundreds of thousands of workers. the st. federal reserve is warning that the unemployment rate could top 32%. "mornings with maria" is live right now. and we want to check global markets this morning. europeuropean indices are lookit a positive tone. the cac in paris is now negative. take a look, the fq100 in the u.k. un43, cac down 17, dax higher by 49. the world health organization this morning is saying that there are signs that the coronavirus may be approaching a peak in europe right now. in asia overnight markets were mixed. we did have economic data out of china. china says factory activity is growing once again. its purchasing manager's index for the month of march came in stronger than expected at a level of 52, that indicates expansion. economists had been expecting a contraction. in hong kong retail sales took a dive, down a record 44% in the month of february. meanwhile, oil prices a big story here. rising off of an 18-year low. look at the price of oil today. $21.54 a barrel. president trump spoke with russian p

corner, alexis, all been to macy's.le but do you think they can survive this pandemic? i can't imagine a world without macy's? >> i know and bloomingdale's which they also own. when you think about it, what they have done is i think probably tried to create a survival plan and that means furloughing these 125,000 people just an enormous number of people, but they also had borrowed money prior to this move, so about a $1.5 billion from credit lines, they canceled orders, stopped paying dividends to their shareholders which they should have done. they say this is what is necessary to ensure that they can survive the pandemic. > so we also mentioned kohl's and gap in that lead introducing you. do you see other retail stores following suit sooner rather than later? >> absolutely. you know, there are about 630,000 retail outlets that are shudd shuttered in the month of march. they're going to lose something like over $400 billion, so absolutely, l brands, own the victoria's secret and ann taylor and every single one of the r

i would just say that macy's isn't going away. you're going to get to buy stuff online.s a different type of business. when that great to see that, thank you. in the biggest counties in california, state governments are releasing prisoners back onto the streets. at the same time, they are scaling back police coverage in the name of fighting coronavirus. in other words, actively making the public less safe. maybe they need to, we can debate that. what they don't need to do is what they are also doing and that's keeping people from protecting themselves. in those same counties, gun stores have been ordered to close down. the nra recently sued california to block those closures. executive director of the nra's institute for legislative action in washington joins us. thank you so much for coming on. you give us a quick overview because i think our viewers might appreciate it, where state and local governments have shut down people's ability to defend themselves. >> california is one of them as you mentioned right off the bat. new jersey has just reversed course and there som

macy's closed its doors two weeks ago, and they are saying most of the sales have dried up. what does this mean for you? if you placed an order your items should still arrive but could be delayed. macy's is operating the blooming deals and blue mercury brands. >>> if you are learning the zoom platform for video conferencing or group hangouts, federal investigators are looking into what is called zoom bombing, and that's hacking that is collecting sensitive information. the ceo joined us on midday live on friday to talk about how to safeguard yourself. >> first of all, you have to set up a meeting password, and you don't let people know that. you have a meeting password and the meeting id. you manually bring all the participants in the meeting and i think it's pretty secure. >> "good morning america" has a full breakdown of other easy ways to protect yourself, and that's coming up at 7:00 a.m. >>> a north bay mom is an amateur photographer, but is taking portraits of neighbors. >> i take pictures obsessively anyway, and then i just started thinking about it, and i thought, yo

macy's is just one of many companies that have furloughed workers. marriott is furloughing tens of thousands of emmoyees. many airlines have done the same. the good news, furloughed workers will have a job when they shut down. that's not the case if you're laid off. those furloughed are also free to seek a new permanent job or a temporary job unless the employer prohibits outside work. furloughed workers are also eligible for unemployment insurance. >> if you have lost your job or your hours are reduced through no fault of your own, and that's happening with a lot of people in this situation, you could be eligible for benefits. >> reporter: furloughed workers retain any benefits they have. and can't be asked to work, like answering emails or taking phone calls while furloughed. these workers must be paid for time worked. salary employee s are a full day's pay. a lot of people don't know this, but just because you yo are furloughed doesn't mean you will stay on furlough. your employer can say never mind, i meant lay off then your benefits will go away

and we saw the lines outside a macy's. macy's, other retail stores, they can remain open right now, so the question is will they eventually have to be closed like you're seeing in san francisco? will the mayor take that action? will the governor take even more action? the governor just had a news conference and he says he's not resistant to anything at this point. but as far as a quarantine to really lock people in, to have some sort of lockdown, he said that's just rumors at this point. take a listen. >> we hear new york city is going to quarantine itself. that is not true. that cannot happen. it cannot happen legally. no city in the state can quarantine itself without state approval. and i have no interest whatsoever and no plan whatsoever to quarantine any city. >> reporter: again, he said the reason for that is because it would just cause widespread panic. he used the state capitol as an example. if you quarantine to albany, there would be albany in a panic and people would try to go somewhere else and this virus would

that is macy's, jcpenney's, even kohl's. let's have our viewers join in on this conversation. we will start with dave calling from new york. good morning. caller: good morning. i want to try to contract some of the things you are saying quick. one of the things with the bailouts is the federal reserve is printing money. it is going to buy corporate debt. corporate debt has been issued consistently over the last five years. they take that money and buy back their own stock. then the corporate executives cash out their stock options. with this bailout, you are bailing out their luxury homes on the ocean, their lamborghini, there for ari. their fofeig -- rarri. that is a big thing. the bondholders will lose all their money. you are not bailing out the corporations, the company, you are bailing out the people that lend that company might. host: go ahead and respond. guest: i get the outrage. i'm no fan of stock buybacks. this situation is a little bit different from what we saw in 2008 and 2009. leading up to that, you had investment bankers on wall street take absolutely insane r

the majority of macy's work force is set to be furloughed. the company warned an immediate rebound for rehiring is unlikely. >>> a paddle boarder had a close call with a shark off the shore. the shark chomped down on the yellow board. luckily the paddle boarder wasn't hurt. authorities closed several beaches in the area through wednesday. >>> well, wednesday is going to be a sunny day and a happy day. >> yes. >> right? >> it won't be march anymore! it seems like it's lasted for years. but we'll be spring-like through most of the up copping week. a beautiful view of the city from treasure island. 40s to 50s across the board, and they won't drop much. only decreasing to the mid to upper 40s and low 50s. really only dropping a few more degrees around the bay itself. more likely to hit the mid to upper 40s as you head farther inland. but pretty close to normal for late march. temperatures tomorrow also very close to normal. within a degree or 2 on each side, likely to reach the exact average high temperatures in san jose and concord. a little coo

macy's, gap and kohls have been hit hard by the coronavirus.ales have slumped as the stores were forced to close their doors. the majority of macy's workforce, about 125,000 workers is set to be furloughed. the company warmed an immediate renown for hiring or rehiring is unlikely.>>> workers at whole foods are reportedly organizing a sick out to demand better protections on the job. they want paid sick leave for those who stay at home or self quarantine. they were also reportedly demand free coronavirus testing and hazard pay. now, the coronavirus has forced an unprecedented shutdown of the nation's public schools. >> school provides an education but also protection against hunger. michael george reports. >> the classrooms are closed at new york's public schools. but, kitchens are still working, offering grab and go meals a day to children free of charge. 10-year-old griffin stopped by with his mother. philadelphia has a similar program which distributed 53,000 school meals and one day. and fairfax county virginia has 18 pick up locations for s

retail stores, nordstrom, macy's, tiffany, nike, bloomingdale's. you can just go on and on with the store closures, because once it start its like a ripple effect. no store wants to look like they are not taking proper precautions. and i am end on auto, we have done so focused on airline, auto workers, uaw putting press our n them to shut down their factories, as of now they have been taking same precautions that could be detrimental on that industry to shut down stlrk a deadlinthereis a deadline wheo figure out their plans. there is a lot going on, and you know even though we have experienced this this extreme volatility, traders here say, brace for more. until this peaks out, and starts to calm down, it could be 3 or 4 weeks. david: when you see ford motor company 5 bucks a share, you wonder what happening. you realize seriousness. >> thank you. >> white house making a announcement today, economic responses to coronavirus outbreak. to hillary vaughn atlanta the house -- at the white house. reporter: president wants an economic relief package that

macy's gap and colt have been hit hard by the coronavirus. sales have slumped as the stores were forced to close their doors. macy's said he plans to bring back its workers on a staggered basis as business results. it is being seen as a sign the $2 trillion rescue package passed by congress may not be enough to save some of the big- name retailers. >>> some big changes in the works for bay area public transit starting today. buses are replacing all muni metro and light rail service. you will now see entrances closed off to the public. in the meantime muni will redirect custodial services to other areas. and take advantage of the clear tracks to perform maintenance. >>> also starting today caltrain is slashing we a service by more than half. instead of 92 daily trains there will now be 42. they will run every 30 to 60 minutes between san francisco and san jose. in the south bay bta is suspending light rail service until further notice. it is replacing it by reduced bus schedule with no fear collection. no bus service will be available after 9

for an american icon already struggling in the dotcom era, with all stores closed and few sales, macy's says it's furloughing most of its 130,000 employees. the pandemic hitting companies big and small. michael levy owns a pretty pressed franchise on long island with three employees. sales are down 95% and the bills are coming due. >> it's really scary because my rent is due this week. i have payroll this week, and all my leases on my equipment are also due >> to help keep comes afloat and americans employed, the paycheck protection program enables small business owners to apply for a loan that could benses like employee payroll and monthly payments if a company can prove it kept 100% of its workforce by doing that, the entire loan would be forgiven. if there are some layoffs, the amount forgiven would be determined of how much of the workforce is kept on, but in lynchburg, virginia, mallory hill is seeking unemployment benefits and medicaid after being laid off last week as a contracted school counselor. >> i own a house . i'm a single mom and my fear is i'm the only income and how am

the company has 130,000 employees working at more than 550 macy's department stores.says it will have fewer furloughs on the digital side of the business such as distribution center and call center. furloughed employees will keep health benefits and the company will pay 100% of the premium. >>> as many as 150,000 have the company headquartered in san francisco providing them with enough protection as they had to grocery stores and deliver those items to peoples homes. workers demanding items such as hand sanitizer, disinfectant wipes and sprays. also asking for hazard pay, five dollars per order. instacart is one of several companies delivering essentials while much of the country remains understand homeowners. >>> many car dealerships across the country staying open even as many americans are staying home. coming up, i tell you why it might be a good time to buy . >>> businesses all over the country trying to find ways to stay in business as the shelter in place is extended. auto dealers are making the move to online sales. >> reporter: they say you have to meet cust

>>nordstrom macy's apple just a few of the 86 stores shuttered to stay here at the broadway plaza mall in walnut creek. >>normally bustling with business not so anymore. signs spelled it all out the doors of these big national chains and others were closed. all due to the coronavirus. >>you know when we first out the car. i said oh my god, it's like the end of the world. that's what it felt like where's everybody are we the last people on earth. >>keeping us safe social distance has advised by health officials i talked with a few people out here about what they were witnessing. i feel is the right way the right thing to do because it will go by fast and ever. >>and certain you know, i mean i'm just you know i don't know what what to expect. >>in a statement kron 4 news macy's declared the closures of its name brand plus bloomingdale's bloomer curry outlet facilities and market stores as quote the health and safety of our customers colleagues in communities is our utmost priority. as a result of the recent cove is 19 developments we have decided to temporarily close our stores and quote

the company has 130,000 employees working at more than 550 macy's department stores. macy's said it will have fewer furloughs on the digital side of its business such as distribution and call centers. the furloughed employees will keep their health benefits, the company will pay 100% of premiums. >>> the u.s. has more coronavirus cases than any other country in the world. new numbers from johns hopkins this morning show there have been were then 143,000 confirmed infections in the u.s. more than 2500 people in our country have died. health experts expect the numbers to rise dramatically in the next few weeks. were then 4800 people have recovered from the coronavirus. the united nations is donating 280,000 protective face masks to new york city. secretary-general says they came from u.s. storage facilities and new york cities mayor raised the u.n. for answering the call. in your governor is extending his order but nonessential workers continue to work remotely. >> we are doing it in two week intervals because every day is a new day. we will see what happens they today.

macy's, jp penny, neiman-marcus and spishlty retailers, gap, inc.ncluding old navy, banana republic and ath leta. and ann taylor, loft, justice, katherine's. and then urban outfitters, free people, victoria's secret, bath & body works many boards foregoing pay in the period of time even if they are still working. some of the kroeceos that are tg no compensation is of macy's and canada goose separately we got some new safety protocol announcements from walmart because those stores are still open. the retailer says, look, this is changing on a day-to-day basis and some employees asking for masks like your earlier segment and gloves if they want to wear those things, we are trying to make them available for employees we are installing plexiglass shields at checkouts and considering one way traffic in the aisles to continue with the social distancing and starting to take the temperature of the employees, first a distribution centers and then stores in the hot spots and asking employees to do that for themselves at home every day, too. also walmart says

we just got word this morning that macy's plans to furlough most of its employees. investors really had been expecting this extension, and there may be more extensions in the future, as you took a live look at the big board this morning. mostly baked in, although goodness knows, marcus, we've seen some wild, wild ups and downs in the last couple of weeks. back to you. >> that we have. thank you, scott. >>> essential workers who are not first responders are feeling the stress of staying on the job while keeping their distance. now many say they'll be walking off the job until they get better protections, both if i say and financial. kris sanchez joins us. kris, what will this mean for consumers? >> reporter: i want to give you an indication how popular these grocery delivery services are, marcus. in the last month the number of orders placed doubled over six months ago. so, clearly an essential service for people who feel like they cannot or should not be leaving their home. but if you are expecting a grocery delivery, you may not get it exactly when you're planning

the closure includes all of macy's and bloomingdale stores, macy's will provide benefits and compensation for its impacted workers throughout the duration of the closure. we have a live look now at the white house because president trump is meeting with tourism industry executives and the white house pool that was just called into the room which means we will hear again from the president, more as we get it on that and the rest of the live events we are monitoring but up next, testing underway on a possible vaccine for cobit 19, live report next. what i love most about being a scientist at 3m is that i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials to buildings... and planes. one idea can unlock a breadth of solutions. at 3m, we are solving problems that improve lives. veteran50-year lows.ortgage rates have fallen to one idea can unlock a breadth of solutions. but did you know that your va benefit lets you easily refinance to a lower rate? one call

and nordstrom macy's apple just a few of the 86 stores shuttered to stay here at the broadway plaza mall in walnut creek. >>normally bustling with business not so anymore. signs spelled it all out the doors of these big national chains and others were closed. all due to the coronavirus. >>you know when we first out the car. i said oh my god, it's like the end of the world. that's what it felt like where's everybody are we the last people on earth. >>keeping us safe social distance has advised by health officials i talked with a few people out here about what they were witnessing. i feel is the right way the right thing to do because it will go by fast and jacqueline and ever. >>fund certain you know, i mean i'm just you know i don't know what what to expect in a statement kron 4 news macy's declared the closures of its name brand plus bloomingdale's blue mercury outlet facilities and market stores as quote the health and safety of our customers colleagues in communities is our utmost priority. as a result of the recent cove is 19 developments we have decided to temporarily close our stor

gross margins close to 67% you're never buying a company i think just for yield because in macy's that's a 12% dividend yield because the stock is down 60% in 13 months you have to be careful we all know you could lose that entire yield that's not a reason to buy a stock in my view tap evidentiary is the best all-around combination of fundamentalsen a a chungy dividend. >> tappest is one of the top ten albums bums by carol king without don't at my, please kids at home. but kohl's to me might be interesting. you had a big volume day 15% or so short interest stock is grim death but maybe you flushed out people on the last move if you look for risk reward out of the retail names kohl's might be interesting. >> you don't think it's too late for kohl's. >> you're so far away it's hard to hear where i'm sitting. >> you never said that to me but we have to worry, dan, in the names whatevers it to tim's point company can stop paying dividend, cut the yields. >> i think guy's point about kohl's is interesting. at the end of 2018 the stock trading at 80, at $36 right now. you have the dividend yie

let's flip it over to macy's stock. macy's stock is under water at this hour by about 3.8%. the retail giant now saying it will temporarily close all 800 of its stores by the end of business today. that means macy's, bloomingdale's, blue mercury and other subsidiaries will remain closed until march 27th. the stock has lost 60% year to date. other retailers that are joining the lineup of temporary closures including l brands, obviously all the names from the limited, et cetera, to ulta beauty, ralph lauren. polo ralph lauren up .66% but l brands down 11%. ulta down 7.7%. 24 hours after standard & poor's downgraded the credit ratings of boeing and exxonmobil, these are widely held names you may have in your portfolio, boeing is still having trouble catching any kind of bid. it's down about 7.6%. we want to explain this to you. the ratings agency cut the aircraft maker which was already struggling, obviously, since its 737 max jet grounding, they cut it to triple b from double a-minus. double a-minus is two notches above junk bond status. s & p cut exxonmobil from aa to aa plus

el coronavirus tambien golpea a la cadena de almacenes macys la empresa anuncio que en los proximos diasados. dijo que un gran numero de sus tiendas estan cerradas por lo que requieren de muy poco personal.afirman que sus perdidas han sido de gran magnitud a pesar de seguir vendiendo online... y el ggante amazon despidio a christian smalls, un empleado de un almacen en staten island, nueva york, despues de ayudar a organizar una protesta en la que piden mas proteccion ante el coronavirus, luego de que uno de sus comaqeros resulto positivo.amazon afirma que tomo la decision porque smalls se nego a respetar la regla de distanciamiento social.la fiscalia considero la medida na desgracia emprender posibles acciones legales... ...cs...mas adelante...un religiosos sin respetar la orden de quedarse en casa.... al volver te diremos en donde y lo que enfrenta... refugio para desamparados cierra sus puertas en los angeles... dos personas dieron positivo al covid-19... y quien no cumplio con esas ordenes fue el pastor de tampa, florida, rodney howard. fue arrestado por celebrar dos servicios religi

what mattered is macy's is cored to be a full priced brick and mortar business.orst than small base in most of the country and tourism based in new york the portfolios hanging around your neck with the virus sweeping the nation. okay, now contrast that with walmart. an extraordinary offprice and online strategy that seems to be working. walmart's stock barely got dinged today it gives you everything that a stock picker would like right now. it's a double play of course there are hybrids. i like cvs because of its aetna health insurance division that's looking a lot more attractive in a world where joe biden is the presumptive nominee. i don't like walgreens because it's just a drug store we own cvs for actionalerts.com. you can follow by joining the club kroger is working. good numbers today really, the stock surging 8% i think krogers is about as close to offprice in online as an old line supermarket can be costco's results were awesome tonight, and that's the place to go if the market crumbles on covid-19 covid related fears finally, dollar. dollar general has

macy says it's going to continue to pay and provide benefits to its affected employees nordstrom alsoing today that its stores will be closed for 2 weeks. customers at should know that online shopping will still be available from all the big box retailers. >>south coast plaza in orange county which california's largest mall is now closed after an employee from the christian love with hem boutique tested positive for the virus. the mall said in a post on instagram what's going on. it is in costa mesa is close for 14 days from today plans to reopen the end of march restaurants will be open for delivery services in catering south coast plaza is the largest mall actually on the west coast with more than 250 boutiques 30 restaurants. the luxury shopping mall again is in orange county. and the city of santa monica issued an executive order today to temporarily close the santa monica pier to the public is part of its local proclamation reacting to the virus. the peer corporation said it fully supports the closure for public health reasons officials say the city's team is closely monitoring t

that shutdown affects macy's bloomingdales, blue mercury, macy's backstage and other outlet stores.eas in italy a makeshift hospital shows how that country is working to expand its fas iltoits combat the outbreak. outside tents have been set up to test and screen new potential patients brian, you you are up-to-date. i'll send it back to you. >> thank you very much new to a bit of good news that we need. regeneron says a potential coronavirus vaccine could be coming sooner than expected. investors piled into the stock because of it. let's get more of the details and this with meg terrell. meg? >> hi, brian regeneron is working on a unique approach that could be used both similarly to a vaccine and as a treatment for the infection and it provided an update for getting into human testing that's two months earlier than expected by early summer the company's approach is to develop antibodies that neutralize the virus and regeneron scientists are sorting through those as well as antibodies from people who recovered from covid-19 to find the best two for a cocktail to start human trials as

who can afford to bleed cash looking at macy's, now it's 22%. it seems insane that they would continue to pay that dividend and use that cash when they're going to need their cash not right away, but pretty darn soon they don't have any maturities coming up so quickly, they need to use their cash in a better way. we may have a chart of the debt that's been hanging in there it was hanging in there until recently, and then it got smoked it's down to the low 80s, if you were to buy it, there's only three years left until it matures. there is a 10% annualized return for senior unsecured debt. i don't think i would buy it, there's more room to fall. >> yeah, we're watching the debt, and this is the story that we've been talking about certainly on this program. not just for the last couple weeks, but before that, you have to watch the credit markets, they're going to drive the equity, in an equity perspective today, do you think today was the washout? the flush? or is there more down side >> i think there's more down side to come, there's more credit

macy says it will furlough a majority of its workers this week . the company has about 130,000 employees. the move is expected to include about 5000 employees here in the bay area. macy's said it will have fewer furloughs on the digital side of its business and that is distribution centers and call centers. furloughed employees will keep their health benefits and the company will pay 100% of the premium.>>> this friday the labor department releases the march jobs report and the news is expected to be bleak. economist expect to see the steepest drop in payroll since the great recession, if not worse. analyst with the federal reserve say the pandemic could cost the united states 47 million jobs which will mean a 32% unemployment rates. >>> now to oakland where the staff at esperanza elementary school has now created a gofundme site for some of the families at their school. the principal says 75% of the families there have a parent out of work because of the coronavirus pandemic. the online fundraiser is and at helping families buy groceries and other

your lactose-intolerant boyfriend will turn into a gas-filled macy's day balloon.gh) not quite accurate. the macy's balloons are filled with helium, whereas leonard produces copious amounts of methane. (all laugh) (goofy snicker) so, no, on the shepherd's pie. can we move on? yeah, a little tip: he says he can eat frozen yogurt. do not believe it. sea bass! i'll have the sea bass! you gotta like this, the girlfriend and the ex-girlfriend bonding over your rooty-tooty stinky booty. (all laugh) kill me. it wouldn't help. the human body is capable of being flatulent for hours after death. (snickers) guys, sorry i'm late. i have amazing news. bernadette, before you change the subject, does anyone have any final comments on leonard's faulty digestive system? so, what's your news, bernadette? the thesis committee accepted my doctoral dissertation. i'm getting my phd! wow! oh, congratulations. wow, so that means you're a doctor, you're a doctor, you're a doctor, you're a doctor, and howard, you know a lot of doctors. (chuckling) congratulations, honey. thank you. so, howa

and on and on we go with the macy's situation, what's going on at bloomingdale. add all of those up. we are talking over a million workers that are likely to be furloughed. and it's very early on in the process. i'm just wondering why some of these companies -- some of them are not going to take advantage of loans that turn into grants if they hang onto those people. but the fact of the matter is, the big guys are getting out now and jettisoning workers now with the hope that things will stabilize. for those workers, they are not. >> it's everywhere, neil. all the sectors and industries it's reaching too. it started happening two or three weeks ago. how quick these companies we cut everyone are cut 30% to 50%. it was a flip of a switch. one, they are for the malaise that's coming down the road and hopefully get by the next three months and come to get rid of some of the fluff that had been their work first. i think we have to keep that in mind as we come out of this thing hopefully in the next three months. some of those jobs don't come back because maybe they sh

macy's websites will stay open. so not as many distribution and call center employees will be affected by this. and san francisco based airbnb says it will pay its host a quarter of a million dollars for cancelled reservations. airbnb will pay the host 25% of what they normally would have received through its own cancellation policies. those payouts will be for check- in dates between march fourteen the and may 31st. airbnb is also coordinating safe places for 100,000 health care workers and first responders to stay if they don't want to risk infecting their homes. >>> soccer star lionel mes svpi says he and his teammates are ll to take a pay cut. messi says, he and his team will take a contribution cut. messi earned $129 million in salary and endorsements. >>> in american football, the nfl playoffs will likely be expanded for the 2020 season. team owners are expected to ratify the new agreement today. it will add one playoff team to each conference. so there will be a total of 14 teams in the playoffs and two extra

i have a fox terrier called macy. is she tuned into your health needs? and when i got into many of my needs, and when igot up into many of my needs, and when i got up early this morning she was very disgruntled and left my pillow. that means she is not getting her walk at a regular time? —— left on my pillow. —— leapt up. thank you for your comments about where you will book your holidays and being ripped off online. keep those coming, whatever you're up those coming, whatever you're up to have a good day and will see you soon. hello. i know there's still significant flooding around but isn't it nice to get away from february's relentless grey and of course wet and see something brighter, bluer in the skies, many of us did during monday. there were still some big showers around, no—one is suggesting this week is dry, but there is some texture in the sky for the time being. things are a bit quieter than they have been and we'll get a bit of sunshine again in the day ahead but there will also be some showers around. the big picture showing a few disturbanc

macy's all the way down to $5 a share. goodness me.phone, special guest david gibbs, ceo of yum brands. david, thank you very much for being on the show this morning. you have 400,000 people worldwide working for you. what are you doing for your people? 400,000 of them. on the phone: that's right, stuart. we have a lot of employees. we have 400,000 in the united states alone and over 1.5 million worldwide. that's across our 50,000 restaurants between kfc, taco bell, pizza hut and our newest brand, the habit burger grill. we certainly recognize we have an important role to play in our communities with those front line employees serving the communities around the world the safe food they want, safe, affordable food that they want. we are doing a lot to take care of our employees. [ speaking simultaneously ] on the phone: the vast majority of our restaurants are open and we have certainly committed to paying those employees in the company restaurants where stores have closed. we are committed to those front line employees and over 85% of

macy's behind me still open. we're told that they are going to close tonight around 6:00 or so and they are expected to be closed for at least two weeks. but certainly you understand with scenes like this why the mayor is saying these warnings that officials have been giving for people to stay indoors, don't be around other people. stay away. people are not necessarily listening to that. and so now you have the new york city mayor coming out and saying in the next 48 hour, i'm going to make a decision on whether or not i need to force, somehow force, people to stay inside. the details of that is not entirely clear what it will enstale and what they will do is not clear. but keep in find and i think folk w40s as who are watching st get concerned that you can't leave your homes. if you have a reason to leave your home, if there is an emergency, if you are a health care worker, you can leave. but that decision will be a game chachke changer, restrictions that the city likely has never seen before. >> again the possi

macy's and bloomingdale's are closing all stores through march 31.osed until further notice. target also announced starting tomorrow all of their locations will close no later than 9 pm. the marriott hotel chain will potentially furlough thousands of their workers. there are 40 marriott in the bay area. the chronicle reports the 1st 2 closes the w hotel on howard street. starting today hotel employees will have their hours cut. furloughed workers will not receive hourly wages, but they will keep their health benefits. the next few weeks the hotel industry predicts 1 million u.s. jobs will be eliminated.>>> nevada is joining other cities in forcing a statewide closure of nonessential business in an effort to slow the spread of the virus. casinos and restaurants along with a lot of other businesses have been ordered to shut down by noon tomorrow. to order essentially -- more than 50 cases of the virus have been reported in nevada so far. >>> this company's decision not to reopen their resorts with just a few possible exceptions. >>> our meteorologist i