And the markets already have a little bit of a hangover, seeing double vision the day after celebrating the dows historic leap to 30,000. The dow and the s p are down. Dow is down about 193. The s p lower by 7. But the nasdaq is sprinting to a record high. Will we see a record high close for it . We will be watching that and much more in this final hour of trade. Los angeles is exactly ten hours away from officially shutting down all Outdoor Dining for three weeks to try and get ahold of the superspreading of the coronavirus. Now we are getting word that the Companies Ready to move record numbers of your online holiday packages may have to shove those aside temporarily in order to deliver lifesaving covid19 vaccines when they are ready. But thats great news for iheart media whose live concerts precovid attracted hundreds of thousands the arenas around the nation. The stock has nearly tripled from its lockdown lows. The ceo bob pittman is here with the radio giants new secret weapon as
Joining us. Tonight we take you behind the curtain at one of the nations top retail brands, bringing america back by styling a new strategy to stay afloat and compete against Online Shopping in the time of covid. Remodelling a new Shopping Experience all together. Heres abcs eva pilgrim. Good morning, everybody. Its xavier from nordstrom nyc, im just about ready to leave my house and head into work. There my mask collection. I think im going for blue today. Reporter brafg tving the sts of new york city in the middle of a pandemic. He is heading to work but not the job hes used to. Im a people person. I like to be around people. Not having customers and not having my team, i really miss them. I kind of take Human Connection for granted. Reporter a veteran of the retail giant for 14 years. Customers come in here to feel beautiful, right . So the responsibility is on us to give that to them. Three, two, one reporter xavier recently helped launch the companys Flagship Store in new york cit
Not that long ago, Department Stores were where you went to get new shoes for a Job Interview or something nice for a birthday gift. Marshall fields in chicago, beltz in atlanta, barneys in new york. The oldest and most storied though is lord taylor, 1826 which means it survived the civil war and the great depression, but it could not survive the modern day. Lord taylor faced the same problem all other stores have faced. Ecommerce, a changing clientele, declining foot traffic at malls. Lord taylor started Closing Stores until rescue came from the strangest of places, an upstart San Francisco Company Called la tote run by a couple of young men who have probably spent very little time inside an oldfashioned Department Store. They paid a paltry 75 million for the iconic store chain. Rakesh, ceo of la tote andceo of lord taylor joins me this morning. Thanks for having me, scott. It surprises me that the hutzpah buying a major, major chain. How did that come about . We were talking about a
Lets start a look at our overall travel times. The Altamont Pass a 26 minute ride, great for this time of the morning. For two minutes on the freeway highway 4 and the onetoone you just popped up to 38 minutes from 37 heading out of the south bay. Things are stacking up at the cash lanes. Fast track, you are just fine. You see the east shoreeway movi bridge not as busy. The lights are in the westbound direction. Things are moving right along looks like there is no construction in place with lane closures today. The live news desk, several significant earthquakes to tell you about over the last 12 hours or so. All in the southeastern pacific. I want to show you the map of the latest. This is a sixpoint to of papa new guinea. Also this was a 7. 3 and eastern indonesia, you see people there leaving a Shopping Mall after the shaking began that earthquake killed one person. This is video with no injuries reported. Minor damage to some buildings, we also have video from western australia, th
with all on this. sandra: a big line-up, but an economy in crisis. americans are looking for solutions to those surging gas prices and the highest inflation in decades. but it has democrats staring down a red wave in november as more and more voters are coming to the conclusion biden administration is not up to the task. hello, and welcome as we begin a brand-new week. sandra smith in new york. john: great to see you back after a long weekend. john roberts in washington, and this is america reports . the price of gasoline setting a record high the tenth day in a row, an average of $5 a gallon. the cost to fill up the tank up 103% since president biden took office. sandra: and people are certainly taking notice. those numbers putting democrats hopes in jeopardy in november, 83% of the american people in a new abc news poll say the economy is the top issue for them heading into the fall. now desperation setting in at the white house as word comes, president biden might