NUMBERS POLS SHOWING 36% OF HOLIDAY SEASON THAT IS SO FAR COMPARED TO LAST YEAR'S NUMBERS, REPORT CREDITS RISING SALES TO SALES T SALES RO SALES ROBU SALES ROBUS SALES ROBUST SALES ROBUST J SALES ROBUST JOB SALES ROBUST JOB MA SALES ROBUST JOB MARK SALES ROBUST JOB MARKET SALES ROBUST JOB MARKET

>> UPDATED LOOK AT HOW CONSUMERS DEALING WITH DECEMBER READING OF CONSUMER CONFIDENCE, LET'S BRING IN FOR MORE WELLS FARGO INVESTMENT INSTITUTE SENIOR GLOBAL EQUITY STRATEGIST SCOTT >> MERRY CHRISTMAS LOOKS LIKE SANTA CLAUS CAME EARLY FOR FOR GOOD SEASON, BUT YOU POINTING OUT MAIN FACTORS, ON YOUR INTRO CONFIDENCE HIGH AND CERTAINLY I THINK IS GOING TO PROVE TO BE THE MAIN NAMES, I MEAN BECAUSE YOU KNOW WE TALK ABOUT AMAZON EFFECT, SCOTT, GOT ONLINE SIDE ONLINE, BUT THE BRIEKSZ BUT THE BRICKS A BUT THE BRICKS AND BUT THE BRICKS AND MA BUT THE BRICKS AND MART BUT THE BRICKS AND MARTOR BETTER YEAR THAN WE THOUGHT >> I THINK SO, WHEN YOU LOOK AT THOSE IF I LOOK AT DEPARTMENT STORES THOSE KINDS OF THINGS SMALL PASSENGER OF DISCRETIONARY SECTOR MARKET CAP WILL BE A BIG SURPRISE IN THIS SEASON, IS THAT BRICKBRICK GUYS YOU KNOW INTERNET RETAIL KILLING IT, BUT THEBRICK AND MORTER LOOKS LIKE NUMBERS PRETTY GOOD WE DON'T KNOW FOR SURE FOR TIME, CERTAINLY, THE PRELIMINARILY DATA LOOKS GOOD >> THEY SCOTT THIS IS DON THEY WEREN'T ALL WINNERS WE HEARD ABOUT UNDER ARMOUR, FOOT LOCKER SOME OTHERS KIND OF MISSED ON THIS ONE >> YEAH I THINK THAT — YOU KNOW SOME OF THE NAMES THAT HAVE STRUGGLED I THINK THE BIG SURPRISES ARE GOING TO BE SOME OF THE MORE LARGER DEPARTMENT GUYS ARE GOING TO ARE GOING TO UNDER ARMOUR HAS STRUGGLED, YOU KNOW I THINK THOSE THINGS ARE NOT GENERALLY CHANGES IN HOLLYWOOD SEASON THERE ARE ISSUES GOING ON WITH A LOT OF COMPANIES THAT HAVE STRUGGLED

>> MACY'S STOCK UP 4% LAST MONTH, GAP UP 18%, AND ISN'T THIS COMING WEEK ALSO, THIS WEEK, AFTER CHRISTMAS AND BEFORE NEW YEAR'S ALSO VERY IMPORTANT, FOR RETAILERS, AND WE EXPECT TO SEE SIZE ABOUTBLE SALES >> IFRNGS YOU ARE GOING TO SEE, OF COURSE, A LOT OF RETURNS STARTING TODAY AND THOSE RETURNS A LOT OF TIMES ARE EXCHANGED PEOPLE SPEND MORE GIVEN MOOD THIS IS A LIKELY TO HAPPEN THIS TIME AROUND TOO FOR US YOU MENTIONED PIECE THAT I WROTE, THIS LAST WEEK CHERYL, IS THAT YOU KNOW, SANTA CLAUS CAME EARLY THIS YEAR FACE IT THIS HAS BEEN A GREET RALLY IN STOCK MARKET, GOOD, THE ENTIRE YEAR, AND YOU KNOW MARKETS NOTHING TO BE CONCERNED ABOUT, AT ALL I THINK >> I LIKE YOUR SANTA CLAUS COMING EARLY THIS YEAR, STOLE A LINE FROM YOUR REPORT CHRISTMAS MORNING FOR MARKETS ONE OF THE BEST STORIES OF PERFORMANCES, HUGE, AS WE APPROACH THE END OF THE YEAR, WHAT ARE YOU WATCHING MORE >> I THINK, YOU KNOW FOR US, YOU KNOW, IS 2018 GOING TO BE LIKE 2017? TOWARDS STOCKS LEAN TOWARD THOSE SECTORS THAT ARE SENSITIVE TO CONTINUATION OF THE RECOVERY, I THINK THE TAX LEGISLATION THAT WAS SIGNED BY THE PRESIDENT, IS LIKELY TO EXTEND THIS EXPANSION FOR A PREPONDERANCE YEARS SO CONSUMER DISCRETIONARY INDUSTRIALSS FJZ WE LIKE HEALTH CARE YOU KNOW WE WANT CLIENTS TO BE ASSERT IDENTIFY DON'T RICK THAT I I THINK GOING TO HAVE A DECENT YEAR WE ARE LATE IN THE CYCLE, SOME OF THE GROWTH RATES OUT THERE PEOPLE MIGHT BE UP TOWARDS 26, 2

8, THAT IS — YOU KNOW A GOOD NUMBER, SO I THINK INFLATION STAYS LOW, GDP PICKS UP A LITTLE BIT, AND THOSE SECTORS REALLY THAT SHOULD DO WELL, IN A CONTINUATION OF THE RECOVERY, ARE THE ONES GOING TO LEAD THE CHARGE >> STEVE HERE ONE OF THOSE SELLERS — LOCAL HARDWARE STORE LOCAL SMALL BUSINESSMAN >> I MISS THAT, TOO >> ANY HOPE FOR SOME GROWTH I THINK YOU KNOW THINGS MOVED ALONG TO YOU KNOW BIG BOXES, HOME IMPROVIDENT RETAIL TOUGH TO COMPETE WITH GUYS I THINK THAT THESE SMALLER SPECIALTY STORES SOME ARE GOING TO BE OKAY, BUT, YOU WHEN YOU REALLY I DO, BUT I AM NOT SURE MOST PEOPLE THE GENERAL POPULATION WOULD AGREE WITH THAT >> — WELL, QUICK I CAN'T RECEIPT YOU GO WITHOUT ASKING BITCOIN, DECLINED AS MUCH AS >> CHERYL I TELL YOU I WAS IN THANK YOU CURRENCY MARKET FROM MID 80S TO LATE 90S, CURRENCY MARKET PRETTY WILD A LOT OF THAT PERIOD OF TIME BUT WASN'T THIS WILD, SO I THINK THIS IS THE WILD, WILD WEST YOU KNOW THE 'CME'S WILL TRADE ANYTHING, WE'RE NOT ENCOURAGING OUR INVESTORS TO GET INTO THIS THING

>> ARE THEY ASKING YOU ABOUT IT THOUGH PEOPLE CALLING UP ON SAYING I WANT BITCOIN >> YES, THE PHONE IS RINGING OFF THE HOOK, AND YOU KNOW WE'RE IT IS HARD TO ADDRESS YOU KNOW I MEAN OUR RETAILER INVESTORS IN THIS KIND OF A MARKET, LOVING IT IF THEY WOULD BE IN BITCOIN WAS GOING NOW, YOU KNOW FOR ME NEVER ON CUTTING EDGE OF THIS TECHNOLOGY, SO FOR ME I WOULD DON'T THINK THIS IS KIND OF DEEP ENOUGH MARKET THAT YOU REALLY MOST PEOPLE WANT TO GET INVOLVED WITH RIGHT NOW >> — THIS IS — GAMBLING — WE WILL SEE NIGHT IS LIKE