the federal reserve probably going to tighten rates again and again and again and we just can't take it. >> look, there is all kinds of reasons for this particular stock market decline. the big techs have come way down. there is the threat of higher rates from the federal reserve. and talk about a recession maybe at the end of next year. all of that is on the sidelines. your question really is, will this market sell off affect the holiday selling period? and my answer is no, it will not. we're heading towards a record breaking holiday for sales in the stores and what have you, a record-breaking holiday. best in a decade. steve: because of consumer confidence? >> yes. consumer confidence is close to an all-time high. wages are rising. gas prices are absolutely plummeting. that puts more money in your pocket. and the economy is growing at a roughly 3% rate. that's not the point where you get a decline in holiday sales or even a mediocre holiday. it's going to be a great holiday not with standing the stock market's decline.