let's bring in stacey widlitz, a cnbc contributor retail guy, positive on retail are you?k the top line this holiday season will be incredibly strong. and for all those reasons that brian cornell said, everybody is out there and spending a lot of these companies are also seeing higher costs, including labor costs. certainly amazon had a play there in coming out and saying we're putting the floor at $5 an hour there will be cost pressure but the consumer is out there spending >> i guess the question is, you've talked to this, we'll talk more about it as we get closer, where are they going to be spending? we know they'll spend more the question is who gets the money? >> yes i think target is probably one of the top beneficiaries not only are they finally getting the two-day shipping and competing with amazon but their private label brands are resonating with the consumer you look at walmart and target, this is the first year they're competing with amazon. it's such a game changer when you order a product and it hits your door within a day or two. then you think i always don'

sales are flying, especially in luxury we've seen this now for a long time >> let's bring in stacey widlitzgreat to have you here in person >> happy halloween >> you brought me a gift >> i did i brought the michael meyers friday the 13th doughnut for you. something for breakfast for you. >> thank you let's get to the retail outlook. starting on the back of those comments from l'oreal. as we look at the month performance for october, clearly everything is down it's not tech that is the worst sector, it's consumer discretionary. what's your broad view on that and why such a big pullback despite u.s. consumer numbers. >> the consumer is the strongest we've seen in years. they're out spending in full force, but many of these stocks have taken it on the chin. almost half of these stocks have a short interest, over 15% there's the opportunity going into earnings season here. there's concern around tariffs there's a lot of concerns in retail some of them are overblown certain sectors you want to look at here. >> you like footwear more than anything else, is that right >> yes footwear looks the cle