of saks fifth avenue, temporarily closed all 40 of his stores.ss 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 detroit the home base for my business, and covid really escalated those plans. >> reporter: and another thing reese had planned on was a national reckoning on race, an issue th

saks made comments that they were positive in their overall trend. has not been traveling internationally, so they have the spending capacity. at the lower end of the market, the government support since the pandemic started have supported spending, so i think that clearly there is a question right now, a bifurcation between wall street and main street, and that the consumer is not growing at the rate we are seeing the stock market rowing. on the other hand, there is a the consumerand has been spending largely on home basics for the first several months, but now as you look at the travel entertainment data, as you see it in europe, you see it in the u.s., consumer and restaurant spending improving, even department numberst just 50%, 60% have shown improvement over the last couple of months. as the economy is opening, you're starting to see that spending coming back. jonathan: steve, just a final question for me not just about where there is spending and how much there is spending, let's talk about how they are spending. what can you guys do to get co

at the behest of my late partner, oliver saks, god bless him. really when i first met him in person, i wasn't really writing much in those days, and he said you must keep a journal. and i followed his advice and started a journal in 2009, and i still keep it. maybe not as closely -- i've gone through stages. but i did keep a very close journal during the pandemic, and a lot of the material from this book came directly from those journals. >> you still keeping it? >> oh, sure, yeah. still making notes, and that's really how this book started, just with notes from a journal with. things i was noticing, things i was hearing or not hearing, how our lives were changing so quickly. >> at what point did you realize this might actually become a book? >> well, i have to give credit to mid editor, nancy miller, who's also your editor and our friend. we share an amazing, brilliant editor, nancy miller. >> yeah. >> believe me, i had no idea that i would write a book about the pandemic in 2020. and, in fact, at the end of january i completed a draft of a dif

dialogue with their german counterparts however burnin has put the brakes on that process opting for at saks on a rush instead just stopping short of directly accusing the kremlin now russia's foreign minister sergei allowed for all of that germany's attitude towards a russia in this case is unbecoming adding that it's only used to deliver germany's position to the world is unacceptable against the backdrop of such a non-constructive approach by the german authorities. against russia continue the massive disinflation campaign which has been launched clearly points to the blues behind it's not interested in of only as well being or finding out the truth behind his condition but rather in mobilizing intentions in favor of sanctions now a member of the fell ill on the it's wednesday it of august when he was on a plane bound for moscow now he was a promise sent to the emergency room up on landing in say bierria where a local medics detected no trace of toxins in his system now after his condition was well enough to be transported he was airlifted to germany where a local medics claimed that he w

hit the korean peninsula in a week has made landfall south korea's weather agency says typhoon may sak will affect most of the country which is on its highest alert level it's travelling north through gang sang province along the country's eastern area more than 2000 homes on the island of jeju have already lost electricity and the typhoon has flooded highways and brought down trees getting updates robert bright is joining us from tucson and south korea so how are people been coping rob. that's right this type who made landfall in the early hours of thursday morning with. very strong winds as expected to wind the gusting over 150 kilometers per hour it is now i now accepted the south korean peninsula through the east coast that out into the sea separating the peninsula from japan but it will make landfall again way up at the north winds of the korean peninsula actually in north korea that country now on standby especially after the alert was raised here raised to the maximum states for enough force here warning system let me just stand back and give you a look at the beach here this mo

gentleman who invented the word exclusive for retail department stores, the founder of the modern saksth avenue. i would say that's accurate. stephen sadove joins us at 7:00, an update on the challenges in this pandemic for retail. features that -14. this is "bloomberg etf iq europe -- this is "bloomberg surveillance." good morning. ♪ this is bloomberg surveillance. counterking steps to trump administration restrictions on semi conductors. beijing plans to build up the domestic chip industry. over the next five years. government is putting the same priority input into its atomic abilities. the sec is investigating robinhood, questioning wether soldnline brokerage high-frequency -- to high-frequency traders. has to do with disclosures before 2014. abloomberg buyout has made takeover offer for a railroad operator. blackstone group and global infrastructure partners made the officer -- previous offer was turned down. that is your bloomberg business flash. waiting on claims this morning. dow futures at -23. >> plenty of data to watch for as we go through the session. european equity market

we are thrilled to bring you the gentleman who made that modern saks fifth avenue. us.ith worldwide from london, from new york, this is bloomberg. ♪ ritika: let's get your bloomberg business flash. steps to counter restrictions on semi conductors planning a sweeping set of policies to build up the domestic chip industry over five years. the chinese government is putting the same priority on the effort it gave to building its economics capability. the fcc is investigating robinhood markets. the question is if the online brokerage informed clients they sold their stock orders to high-frequency traders. it is related to disclosures prior to 2018, when it made the information easier to find on how it made its money. a group of buyouts made a takeover offer for kansas city southern. baxter group and global infrastructure partners made the wason a previous offer that turned down. kansas city southern has a market you of more than $17 billion. that is your bloomberg business flash. anna: thank you. see european equity markets up by just shy of 1% off session highs. we see that

lemonis: so you'll be able to buy it at bloomingdale's, nordstrom, saks, rue la la, susanamonaco.com,al goal in mind, and that was seeing susana comfortable with putting herself at the forefront. people like to buy from people. now that she's not hiding anymore, her sales are starting to follow that same path of growth. i think the sky's the limit. anna: congrats. susana: thank you so much. anna: you know we do love each other. susana: yes. anna: and we are really good friends. susana: yes. we have to move forward now. anna: yeah. lemonis: i'm very proud of you. susana: thank you so much, marcus. lemonis: you know, one thing that i think is important for you to remember is that you can't lose your backbone anymore. susana: no. i think this whole experience has been an incredible turning point, a change. it's not gonna go back. lemonis: good luck. susana: thank you, marcus. lemonis: i'll see you tomorrow. susana: okay. and i'm natalie morales. and this is "dateline." i fell to the floor. i just remember, like, she's dead, she's dead. and i was so confused. i was like, what's going on?

goldman saks in what they say as a contested vote, also cutting their forecast for the economy in halftting markets as well. stuart: the betting markets. >> yeah, because everyone's predicting a democratic victory in the white house, the senate, the house, the most volatile, but when we see betting markets at 32% probability, that's not high -- stuart: but that's where people are putting their money. they're saying biden wins, democrats keep control of the house, and by a very slim margin they say maybe the democrats take the senate. >> what does that mean for policy? a lot of spending, high taxes, not good for the stock market and corporate america. stuart: i think you got that right. thanks, susan. let's check the work-from-home stocks. why not? new report highlights the need the get some people back into the office. what's this new report say, lauren? [laughter] >> this was interesting. it comes from the martech group, and it finds a third of employees are suffering because they're working from home. they say they're more stressed out, they can't focus, and as a result, they are les