Coronavirus 'is an existential threat to retail,' says former Saks CEO

A new report by Cowen shows that retail store traffic is down 97% year-over-year. The market caps of retailers are plummeting, with Macy's getting kicked out of the S&P 500. Steve Sadove, former chairman and CEO of Saks Inc. and now a senior advisor for Mastercard, joins "Squawk Box" to discuss.
Thu, Apr 2 20206:56 AM EST