NRF's Matt Shay: We're seeing consumers behave positively ahead of the holiday shopping season

Well, the holidays shopping season is well underway. Consumers are expected to spend more than a trillion dollars in retail sales in November and December for the first time ever. That's a gain of around 4% from last year.That's according to NRF's annual holiday forecast. And joining us right now is Matthew Sheay. He is National Retail Federation's president and CEO.And uh Matt, thank you for being here today. um this increase in spending that we're seeing, is this a sign of consumer confidence or a sign of ...