so how hopeful are american retailers for a big holiday season our financial correspondent in new york korda had this to say . hopes are up on wall street that it will be a very good shopping season this year around the holidays to make that patient are that maybe for the very 1st time ever holiday sales could surpass the one trillion dollar mark here retail sales could be up by about 4 percent in comparison to last year unemployment rate is on historical lows the economy is growing and obviously the u.s. consumer is not too various at this point at least about the trade tension between the u.s. and china wall street in general on friday showed a little bit of weakness but that didn't really matter that much in the shortened trading unwire meant for the months stocks are up here on wall street by about 4 percent and it was a record breaking month and now the big question is is there still some steam left for a possible year end rally. and there was financial correspondent quarter in new york over to south america now where the ongoing protests in chile began 5 weeks ago in santiago after a p

the deal when the 2 leaders meet again that's because over to our financial correspondent in new york yes korda doubts surely remain but the chinese claim on the other side they're close to deal which side is wall street leaning to hear. well in general we've heard this song before but if you look at the market in general we are clearly at elevated levels actually the s. and p. 500 and the nasdaq cope with it reached new all time highs year on friday still most markets have been. obviously believe that the deal will come otherwise it's hard to imagine it to see both record levels here on wall street what will be in this deal remains to be seen for example the protection of intellectual probably properties is probably not part of the phase one agreement that we might see this i think thing in a couple of weeks and the stocks have also been ball search by strong figures on the u.s. job market tell us more on that. you know we got 128000 new jobs for the month of october and that was actually the 109th consecutive months was job growth here in the united states and this is. also one 128000 new job

and for more on this let's go now to our financial correspondent and new york ian's korda yens a 182 year history as a luxury brand so what does tiffany get out of this deal. well what trophy is hoping to achieve to actually hit the market also with a younger clientele and you mentioned it's 182 years old i mean the stores are not that old but still some of their revenues need some refurbishing so that does cost some money and wall street is impatient with being bought out by. the n.h.l. they pronounce it over here that means they get some time to actually get the new strategy going was having to publish quarterly results and then getting the share price under pressure and also recent need they had a little bit of a growth issue abroad and also in the united states and always the expertise of the french company they're hoping to get back to better times. 14.7000000000 euros this is their biggest ever acquisition so what is the company hope to gain from the takeover itself. overall the luxury market is red hot and that is also true for a jury and that's one area where the french compa