Retail giants Macy's, Kohl's and Gap have announced widespread furloughs amid soaring reports of coronavirus cases in the U.S. The pandemic has sent the economy into free fall, with massive layoffs and small business closures happening across the country as a result of precautions to slow the disease's spread. I joined CBS This Morning to talk about this latest hit to workers and what it means for the future of the economy as the pandemic continues.

The largest department store chain in America is closing 125 stores and cutting 2,000 jobs. Macy’s is making the cuts in an effort to end a yearlong slump, though it’s unclear how many total jobs will be affected once retail workers factor into the final count. I joined CBS This Morning to break down the implications of the retail giant’s massive move.