Smith: Reality Will Set in When Sequestration Hits
FBN’s Sandra Smith on the Dow’s march toward record highs.
- Duration 7:44
- Date Feb 4, 2013
FBN’s Sandra Smith on the Dow’s march toward record highs.
Also in this playlist...
This transcript is automatically generated
-- -- thank you for having me back while reelection -- yeah.
-- -- -- and her first cameramen -- your for your fundamentals and restaurant along.
-- -- Monday morning first.
-- -- talk enemy frozen.
This is confirmed.
Right now this is the first that I never actually said that on the -- both orally yes indeed -- -- yeah.
Thank you very much and then -- news and also write them to own room woman arrears to work for -- and stole -- from my -- There is a joint Denver -- Well congratulations to her she runs a doctor journalists -- -- such well can term.
While the best -- sort of purple on the planet joint national panic and so -- this'll be your first.
My first and actually I'm seven months this week -- And what great to think -- I've actually been doing a lot of Pilates and yoga as you know I'm a big runner yes.
There was -- yes and that didn't really feel that natural to me to do while this -- all going on so.
I took up -- and bodies.
Prenatal form and I love it it's gotten me through all this it's made me.
Stay -- -- -- for is also -- Portugal little.
-- -- -- -- -- -- -- About five minutes before she -- she was jargon around.
-- -- -- hospital -- of Georgia and around new orders there for.
Whatever reason while.
May go to help at all happen you know what's gonna real boy or girl that is going to be a girl or -- -- -- just let alone and any additional.
You know -- suggestions because I'm that that I'm struggling way.
While you know I'm open to suggestion on that -- can we really have nothing it's -- an unnamed baby -- -- -- -- relationship.
You have regular ground Mulder.
-- both the my grandmothers have passed but I have taken them into consideration.
One thing was marry.
The other one how I -- with Johnny battle Susan southern -- Not so that I can go that are at but I like the bell parts so maybe I can incorporate that -- -- middle name mentioned so.
What are your plans -- the slide.
I -- I think it's gonna happen on the day when I actually see her face and get to -- -- I think -- pepper.
Because she moves around a lot in there while I'm on the -- television do in my work.
It's kind of odd to have a human beings.
-- -- I don't mind -- -- global -- without.
Alton funds saw -- so I was I showed a day gun and total you know.
Well there -- times -- largest of succumbed politics meets him don't wanna hear about them several business -- and they're gonna wanna.
Business travel -- -- -- some number of time really understand it.
Well unfortunately business news cannot be separated from political news lately which is my problem and it's no longer just about company's performance it's about the company.
Worried about what's gonna happen with health care costs it's what's gonna happen with regulations and taxes.
-- -- -- -- -- -- That businesses are very tied to Washington possibly more now than they ever have I like to when you -- -- growth.
The politics I mean the personal news and business is absolutely there's a few of them.
-- let you know when -- promote the milk a brutal lookalike garage.
-- Hello -- right now look up close -- pneumonia and or there's very is delivered and blood out of -- and options and -- What rankles alert at all like -- -- -- -- unfortunately nobody hates Bernie Madoff more than mean he is quite a character because I was on his tail the entire time before he went into jail.
I -- to you sit outside of his apartment in the freezing cold standing on cardboard so my feet.
Wouldn't freeze but you know -- -- a major characters out there in the business world it keeps us entertain that's -- also market joined now.
Well about 141000 the Dow now we went above there on Friday even after an ugly jobs report nine and I think at the end of the day this market is cheering on.
Stocks continue to move higher we just saw the unemployment rate tick up to seven point 9% you still have.
Millions of people -- this country out of work or under employed.
But yet the stock market keeps going up and there's a couple ways the rationalize that and that is that stocks continued to move higher.
Based on hope that things will get better although we might -- face reality.
-- it's -- the fact that businesses are seen their cost weed -- we just having gone up.
More people are doing more work for less money and they're getting away with -- I mean props -- the company it's a free market they can do whatever they want.
But companies 70% -- company so far this earnings season had beat expectations so they're doing very well on the stock markets reflecting to dolls over 141000.
And during world does that mean that the economy can -- not necessarily the markets tend to reflect the economy they intend to actually lead the way usually.
Operate no -- LC -- money you put your money into the bond market -- your money into real estate -- which -- -- cash interest rates are still at historical I was.
What do you do with your money so people -- on the sidelines for all of -- twelve.
Have to do something with my money's stock market seems to keep going higher sticky feature on the money at a and the -- in the market keeps going higher so sort of adjustment predictions -- -- are non about.
I don't think the market's -- under we have some that do I don't I mostly talked all the Smart people on Wall Street around the country and around the world minute report and what they think is going to -- -- you have to -- -- -- -- I think this much stock market's gonna continue to flow higher for a little bit based on what we've seen.
Rally's gonna set and we -- this sequestration which happens on March 1 he's spending cuts to doesn't mean it's it's these automatic spending cuts defense spending cuts domestic spending cuts.
When that happens there will be ripple effect on the economy.
-- also and just like we also our paychecks shrink at the beginning of the year after the fiscal -- Reality will -- -- in the stock Marco we'll have to reflect.
The reality of the situation and that is we haven't.
Grown jobs our economy's not growing GDP was just actually horrible in the fourth quarter and eventually the market's gonna have to reflect that.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- ID four point seven FM -- And cash New York okay old country in the country and Nash FM or accept them as some of them -- any -- their country.
-- -- -- -- -- -- -- -- -- -- -- WBZ journalist but whoever is programming and also to endure because of -- Russell auction area of -- -- -- -- so my job.
Yeah Cheney's about a new -- but you know and gone to school and I'm in Louisiana I picked up on a lot of the women in Jennings and Willie Nelson -- -- I'm big and old country as well so.
Opt out check it out -- -- so what if -- adamant.
That would have been embarrassing.
For one of us.
Questioner -- for you -- Because you're always run -- And -- who book value should.
Hi there are gonna be OK -- -- here and happily for a Sul senior I just didn't drink a few Beers last night and that is not -- and in for good luck and god blessed are there are -- law allowed them.
She's got a minute girl will become over the demands thank you very much knicks have me back -- -- won't -- sounds about.
Internet is -- toward central -- Islam to -- out.