In a clip posted to Twitter (Macy's Inc. (M) Chief Executive Jeff Gennette about moving forward with the department store's annual July 4 fireworks show. No decision has been made about what the fireworks show will look like just yet. "But what we know for sure is this wonderful show will go on," Mayor de Blasio said. "We will celebrate our nation's birthday. The city of New York will partner with Macy's to come up with something great no matter what the coronavirus throws at us." Mayor de Blasio has also promised a parade for first responders and health care workers when the city reopens. He previously announced ( /) that city permits for June events, including the Puerto Rican Day parade, have been canceled. MarketWatch has reached out to Macy's for comment. The struggling department store retailer is reportedly seeking to raise $5 billion ( ) to avoid bankruptcy. And Cowen analysts estimate the company has about four months of cash available. Macy's stock is down 7.4% in Wednesday trading, and have plummeted 80% over the past year. The S&P 500 index has fallen 4.1% over the last 12 months.), New York City Mayor Bill de Blasio said he had been in contact with
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(END) Dow Jones Newswires
April 22, 2020 11:43 ET (15:43 GMT)
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