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Scott Bernhardt, Planalytics president, on Hurricane Sandy’s economic ramifications and what they mean for the rest of the winter.
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You know Eric -- -- I -- joining us now with the impact these storms have on the economy in what we have in store for the rest of the winter and anyone here.
That's got our president have a plan analytics -- Scott thanks review of that I mean I guess that's the question everybody wants now is this gonna keep going.
Book patents right Tracy and a you don't want to hear it now because number.
America's goods and Scott thank you -- -- it's it's gonna be had to get back again but yeah.
It had an at a and I don't blame -- -- the -- and I don't blame you at all because.
You know this is a very easy forecast and that winter is coming that winter will come to the New York region.
I can't change that right went to will come -- -- -- You know we've had -- you know last -- was a relatively mild one for the New York region and it's just not gonna repeat.
In -- we're going to have a winter in new York and I mean especially in New York region right when was the last time.
Can you remember the last time that a hurricane hit a region and then within ten days a snowstorm.
I can't -- in this business and I can't remember last time that happened.
It's just people just getting very whether we're either just sick and tired of the weather.
And here -- -- winter right yeah not this weekend maybe -- next weekend but here comes and Scott what kind of impact -- -- looking at all businesses.
Well you know -- -- you know the some good news and some bad news right now -- you know right now.
I'm in a lot of the region where certain -- that pre Christmas scene of people are higher outside of the storm areas.
Our feeling that feeling a little bit cold knowing that Christmas is coming outlook changes upcoming weekend but that's usually pretty good and right before Black Friday that would be great if we can get a nice.
Little bit of cold blast to get people thinking about Christmas that said.
You know -- are going to be some traffic limiting events that happened across the midwest and of the northern tier.
If you -- -- that will keep a lot of people out of the stores which is a little bit of a problem so it's really going to be a roller coaster ride as we go from here.
Throughout the -- BC's.
I think there's going to be a lot of displacement buying right like now -- some like myself -- to think well maybe I shouldn't take that vacation in February.
Maybe I should actually hunker down -- -- generator could this might happen again sometime soon sort of see some industries actually getting hurt some being helped.
That's exactly right -- that's exactly right -- you're in a lot of people who are or affected are certainly cannot have us.
Happy Christmas underneath the tree is they might otherwise have had but even the surrounding region when you think about -- it impacted it's such a large swath of the population that's gonna make them rethink.
Intuit go for that you know -- -- glitzy electronic to lawyer that jewelry or do I go for something for the home something that keeps -- -- a little bit safer.
I think a lot of people are gonna come down and -- -- generator just like you.
That -- times got we were kidding you most certainly have to come back and and a that's.
-- -- -- OK my kids are about that and it doesn't matter what a lot of -- if there's any enlightening it's get a step in our president of plan analytics yeah honestly jury which is lesbians what December 21 -- Italy that well again awakened and I don't know.
-- should President Obama called on President Clinton to break the fiscal gridlock in Washington.
Mean that's what some people are calling for Gerri Willis on that story -- And at first let's take a look at some of today's winners and losers and the S&P 500 as we head out to break.
-- -- -- come up almost five.
