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Holiday Retail Sales Weakest Since 2008

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  • Description

    FBN’s Nicole Petallides with a morning market update after the opening bell.

  • Duration 1:04
  • Date

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Retail sales are only seven tenths of a percent in the two months before Christmas compared to last year that's the weakest results.

Since 2008 which was right after the recession -- Those numbers according to Mastercard's spending polls.

Nicole has some retail numbers are they suffering at the stocks as a result of these figures is -- Right it's just the retailers mixed right now for exactly see JC Penney up a third of a percent pending accuses down about a half a percent -- do you see that pushing all here.

Happening as these retailers are trying to find their footing -- -- this story really here.

And -- we look at the numbering is CNN rises seven tenths of a percent in the two months you're coming into Christmas year over year that really is dismal that is that.

The weakest performance that we've seen since 2008 that's when the recession hit it just shows you that consumers remain nervous.

They're not out there are spending frivolously.

Their penny pinching trying to get the best and that's insect traps and so you are seeing a -- market and I like the title on our board there you're not -- hello -- -- Well that there -- a lot of issues and I'll take.

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