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FBN’s Diane Macedo with morning news headlines, including an email message from Bernie Madoff to FBN, warning about dark pools and a lack of oversig...
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We go -- -- -- -- -- -- business news for you this morning including maybe the retail sales that's right they're supposed to be the most wonderful time of the year but a new survey shows holiday sales grew this year.
At the weakest pace since 2008.
-- -- twelve shopping season had a lot of obstacles ranging from bad weather to rising uncertainty about the economy.
MasterCard advisors spending -- says sales increased point 7% during -- two months before Christmas.
All many analysts were looking for sales to grow between three.
And 4% keep in -- 4% is considered -- healthy shopping season looking back at last -- shopper track reported sales in November December.
Rose between four and 5% today though should be a busy day at the malls but that's because consumers will be returning.
Unwanted merchandise second also affect retailers one experts.
One -- I should say estimates that up to 15%.
Of overall holiday sales come back as returns or exchanges.
Bernie Madoff is issuing a warning about the lack of SEC oversight on Wall Street in an email.
To Fox Business the convicted Ponzi -- believes that lack of oversight and accountability continues.
To pose a threat to millions of investors when it comes to the sale of NYSE and dark pools.
May -- writes quote while I have all always been an advocate of electronic trading due to -- efficiency the lower costs they bring to the markets.
I'm not a fan of a lack of transparency the dark pools create.
Madoff says it's important to examine why there's been -- growing interest in the use of dark pools.
That's trading that occurs away from the exchanges Bernie Madoff is serving a 150 year prison sentence in North Carolina --
