here with more on the spending boom and whether it can continue is terry lundgren.mer chairman and ceo of macy's terry, thank you so much for being here i have to ask this first question whenever i look at the government's retail sales numbers, i'm always a little skiptical. i remember a conversation i had the ceo of home depot some time ago and that category and the government sales was lagging for month after month but home depot was putting up blockbuster results and they're the biggest in the category. so i guess what my question is to you, it says the department stores gained 12% in march from february do you feel like that really happened in the country? should we really be counting on a recovery this strong in retail >> well, everything, first of all, good to see you, courtney and tyler. but everything is relative, courtney particularly in the retail business where you're always comparing this year to last year or last month. last year it was a year of two different paths for retailers. if you were an essential retailers, chosen by the government labeled by t

. >>> terry lundgren discuss the heels on the huge retail sales number "power lunch" is next after this break.ly hope th to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. did you know that petco, is now a health and cvs iwellness company?g you their groomers work wonders for my confidence. i trust their vets, and i'm known to have trust issues. they deliver high quality food the same day. i was outside digging, what'd i miss? just everything regarding our physical, social, and mental health. exciting. i'm gonna take a spin around the room. great idea. ♪ ♪ petco. the health and wellness company. >>> hi, everybody. welcome to "power lunch" along with courtney reagan, i'm tyler mathisen stocks are at session highs. the dow, well not really not for the dow, it crossed 34,000 for the first time hitting a record high along with the s&p 500. it's back down a little bit as you see there, nevertheless, up three quarters of a percent. nasdaq leading 3% from its all-time high it hit back in february second rocky trading day for coinbase as th