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CBN NewsWatch: March 6, 2013

On CBN Newswatch, March 6: Dow's record rally sign of good things to come?, Venezuela's Hugo Chavez leaves mixed legacy, and more. Read Transcript


THANKS FOR JOINING US HERE ON

THE CBN NEWS CHANNEL.

I AM EPHRAIM GRAHAM.

AND I AM CHARLENE ISRAEL.

A HISTORY MAKING HIGH ON WALL

STREET DOW JONES ROSE CLOSING AT

14,254.

THAT TOPS PREVIOUS ALL TIME HIGH

BY MORE THAN 89 POINTS.

SOME ANALYSTS ARE ASKING CAN WE

TRUST THIS MARKET SURGE?

REPORTER: FROM THE OPENING

BELL

STOCKS SOARED TUESDAY, ONCE

THEY STARTED, THEY DIDN'T STOP

UNTIL ALL PREVIOUS RECORDS WERE

BROKEN.

IN THAT SENSE IT IS

A

MILESTONE.

DOW

PASSED

PREVIOUS HIGH

OF JUS

T

UNDER 14,200 SET IN OCTOBER OF

2007.

IT ALSO DOUBLED ITS RECORD LOW

SET ALMOST EXACTLY FOUR

YEARS

AGO

GAINING

118% SINCE

THEN.

I

LOVE

THE BUZZ

THIS HAS

CREATED, THIS IS

TELLING THE

MAIN STREET INVESTOR, STOCK

MARKET IS A

PLACE YOU NEED TO

HAVE YOUR MONEY.

ANALYST SAY THE SURGE WAS

BROUGHT ON FROM CONSUMER

CONFIDENCE AND SPENDING ABROAD

AND RECOVERING HOUSING MARKET.

THE STOCKS ARE A POSITIVE

SIGN

FOR THE ECONOMY, MANY WONDER IF

IT CAN LAST.

FINANCIAL EXPERTS POINT TO SIGNS

THAT IT CAN.

BUSINESSES ARE MAKING MONEY,

INTEREST RATES AND INFLATION

STILL VERY LOW.

STILL A GREAT DEAL OF MONEY ON

THE

SIDELINES

THAT

HAS NOT GONE

BACK INTO THE STOCK MARKET.

SOME SAY THE STOCK MARKET ISN'T

COMPLETELY OUT OF THE WOODS.

YOU DON'T SEE THE CHAMPAGNE

AND CONFETTI BECAUSE THERE IS A

BIG DISCONNECT BETWEEN

THE

MARKET AND WHAT THE

ECONOMY IS

TELLING

US

REPORTER: FOR NOW THEY

BELIEVE THE MARKET WILL CONTINUE

TO SOAR.

EXPERTS SAY IT BUILDS CONFIDENCE

AMONG COMPANIES AND GETS THEM

HIRING.

SEQUESTER CUTS MAYBE IN

PLACE, MANY GOVERNMENT AGENCIES

STILL HIRING.

400 JOB ADS POSTED ON THE FIRST

DAY AFTER THE CUTS.

MANY IN DEPARTMENTS ARE

CONSIDERING FURLOUGHS.

NEARLY A QUARTER IN MEDICAL OR

PUBLIC HEALTH, 67 IN MANAGEMENT

OR CLERICAL SERVICES AND ANOTHER

21 IN INFORMATION TECHNOLOGY.

IN MOVE COULD REVEAL JUST HOW

AGENCIES PLAN TO INCREASE

DEPARTMENT SAVINGS.

JOINING US IS BILL FREZA, A

BOSTON-BASED VENTURE CAPITALIST.

WHAT IS YOUR TAKE ON THE NEW DOW

RECORD, IS THERE ANY CONNECTION

WITH THE SEQUESTER?

ALWAYS A RECORD IF YOU

MEASURE IT WITH A FAULTY

YARDSTICK.

BEN BERNANKE TOOK A YARDSTICK BY

PUTTING UP THIS MUCH MONEY.

IF YOU WERE TO LOOK AT THE DOW

PRIOR, YOU WOULD SEE WE WERE

BACK TO WHERE WE WERE IN THE

1980S.

PEOPLE HAVE TO BE CAUTIOUS HOW

THEY INTERPRET STATISTICS.

OBVIOUSLY THE MARKET HAS

COMPLETELY DISCOUNTED ANY TALK

ABOUT THE SEQUESTER TECHNOLOGY

IMPACT WHATSOEVER ON PEOPLE'S

EXPECTATIONS.

ON THE SEQUESTER, THE OBAMA

ADMINISTRATION HAS NOW CANCELLED

WHITE HOUSE TOURS, BLUE ANGEL

AIR SHOWS AND RELEASED THOUSANDS

OF ILLEGAL IMMIGRANTS, ARE THEY

GOING OUT OF THEIR WAY TO

INCREASE OUTRAGE?

OF COURSE THEY ARE.

BARACK OBAMA CANNOT AFFORD TO

LET THE AMERICAN PEOPLE THAT THE

GOVERNMENT CAN STOP GROWING.

THIS IS PART OF HIS AGENDA AND

PART OF HIS PROGRAM.

IN ORDER TO WEIGH IN, IT IS VERY

IMPORTANT EVERYONE POINT OUT

AREAS OF WASTE GOVERNMENT,

DUPLICATION AND GIVE PEOPLE AN

OPPORTUNITY TO HOLD UP THE

EXAMPLES SIDE BY SIDE OVER THE

NEXT MONTH.

BILL, YOU HAVE A TWITTER

CAMPAIGN WITH THE HASHTAG

SEQUESTER THIS, TELL US ABOUT

THE EXAMPLES OF GOVERNMENT WASTE

THAT COULD BE CUT IN STEAD?

I COULDN'T TAKE CREDIT FOR

IT.

SENATOR TOM COBURN IS CREDITED

WITH THIS.

LOOKS LIKE OTHERS A JUMPING ON

THE BAND WAGON.

EVERYONE IS PILING IN WITH

EXAMPLES.

TSA SNUCK IN A 50 MILLION DOLLAR

UNIFORM PURCHASE BEFORE THE

DEADLI

DEADLINE.

THERE IS 3,000 DUPLICATED

PROGRAMS SPENDING AN EXTRA 300

BILLION DOLLARS EVERY YEAR THAT

CAN BE GONE THROUGH AND

DUPLICATION REMOVED.

CLEVER AND SILLY PROGRAMS LIKE A

$250,000 -- GIVING THE

PRESIDENT'S DOG A FREE RIDE ON

AIR FORCE 1.

THE NEWS MEDIA FOCUSES ON IT.

HASHTAG SEQUESTER THIS.

I AM SURE PEOPLE WILL DO

THAT.

DO YOU THINK THIS STOCK MARKET

WILL CONTINUE TO GO UP?

IT WILL GO UP UNTIL IT

CRASHES.

THAT IS ALWAYS THE SAFE ANSWER.

PROS BELIEVE THEY CAN TIME THIS.

BEN BERNANKE HAS DRIVEN PEOPLE

OUT OF THE BOND MARKET BECAUSE

OF ZERO INTEREST RATE MARKET.

EVERYBODY IS TALKING ABOUT HOW

WONDERFUL THE STOCK MARKET IS.

FUNDAMENTALS ARE NOT THERE.

IF YOU LOOK AT THE COMPARISON TO

WHEN THE LAST PEAK WAS HIT,

TWICE AS NUMBER EMPLOYED, GAS

PRICES UP.

CPI IS NOT FULLY DEMONSTRATING

THE FACT THAT WE HAVE MONETARY

BASEMENT.

WHEN THE ASSET BUBBLE POPS IT IS

GOING TO BE UGLY.

BILL FREZA, THANK YOU FOR

YOUR SUPPORT AND INFORMATION

TODAY, WE APPRECIATE.

THANKS FOR HAVING ME.

HEAVIEST SNOW FALL IN THREE

YEARS IS OVERTAKING THE NATION'S

CAPITOL BRINGING AT LEAST A FOOT

OF SNOW.

AS JOHN JESSUP REPORTS BEFORE

THE WHITE STUFF WAS FALLING, IT

WAS WREAKING HAVOC WITH FLIGHTS,

CLASSES AND WORK SCHEDULES.

THE STORM DUMPED NEARLY A

FOOT OF SNOW IN CHICAGO

CANCELING 900 FLIGHTS AT O'HARE

ALONE, HUNDREDS MORE ARE EXPEXPECT

EXPECTED ALONG THE AIRPORT'S

PATHS.

CREWS PREPARED THE ROADWAYS WITH

POTENTIALLY HAZARDOUS

CONDITIONS.

THEY WANT TO AVOID SCENES LIKE

THIS IN WISCONSIN WHERE A TRUCK

PLUNGED OFF AN ICY BRIDGE

KILLING THE DRIVER.

THEY WANT TO DUB THE "SNOW

QUESTER" STALKING UP ON

EVERYTHING THEY NEEDED BEFORE

THE STORM HIT.

WHAT WE HAVE HERE THIS

MORNING, ALL SOLD IN THE FIRST

FEW HOURS AND ALL SOLD.

BREAD.

TOILET PAPER, CHECK.

JUNK FOOD, ALSO IMPORTANT.

FORECASTERS PREDICT 6-10

INCHES OF SNOW WILL COVER BY THE

TIME THE SYSTEM MAKES ITS WAY

THROUGH AND AS MUCH AS 16 INCHES

IN WESTERN MARYLAND.

FEDERAL GOVERNMENT CLOSED

OFFICES WEDNESDAY EXCUSING ALL

NON-EMERGENCY EMPLOYEES FOR THE

DAY.

WHILE THE WEATHER WAS CAUSE FOR

CHEERING FOR THESE FOLKS IN

INDIANA, OTHERS WEARY OF WINTER

AREN'T IN THE CELEBRATING MOOD.

SNOW.

I AM TIRED OF IT.

BEEN ENOUGH.

REPORTER: JOHN JESSUP, CBN

NEWS, WASHINGTON.

THE TSA WILL NOW ALLOW

PASSENGERS TO CARRY SMALL POCKET

KNIVES ON PLANES.

KNIVES BANNED AFTER 9/11.

BEGINNING IN APRIL, TRAVELERS

CAN CARRY KNIVES, SOUVENIR,

BASEBALL BATS AND OTHER

EQUIPMENT ON TO PLANES.

U.S. FLIGHTS WITH THOSE OF

INTERNATIONAL CARRIERS, NEW

POLICY ALLOW OFFICERS TO FOCUS

ON MORE SERIOUS THREATS LIKE

EXPLOSIVES AND GUNS AND CUT THE

TIME THAT PASSENGERS GO THROUGH

SCREENING.

FLIGHT ATTENDANTS ARE ANGERED BY

THIS.

IT IS AN INCREDIBLE

DISAPPOINTING DECISION.

IT GOES INTO EFFECT APRIL

25TH.

GUNS ARE USUALLY SEEN AS A

GUY THING.

WOMEN ACTUALLY MAKE UP THE

FASTEST GROWING SEGMENT OF U.S.

GUN BUYERS.

GUN STORES AND SHOOTING RANGES

CASHING IN BY OFFERING PRODUCTS

AND SERVICES SPECIFICALLY FOR

THE LADIES.

ANDRIA GARRETT HAS THE STORY.

REPORTER: IN NEW MEXICO,

CALIBER SHOOTING SALES HAS SEEN

AN INCREASE.

LINDSEY FASTLER IS A FIRE ARMS

INSTRUCTOR AND TEACHES A LADY'S

ONLY CLASS.

WE DON'T GO TO SHOTGUNS OR

AR-15, JUST HANDGUNS.

IN 2005, 15% OF GUN OWNERS IS

WOMEN, TODAY IT IS 23%.

WOMEN ARE SHOWING MORE INTEREST

IN SHOOTING SPORTS THESE DAYS.

MOST WOMEN TELL YOU THEY ARE

BUYING GUN FOR ANOTHER REASON,

SELF-DEFENSE.

FASTLER SAYS MANY ARE SINGLE

WOMEN OR SINGLE MOMS WHO SAY

PEPPER SPRAY OR WHISTLES DON'T

OFFER THE PROTECTION.

SINGLE MOMS ESPECIALLY.

IF I NEEDED IT, IT WOULD BE

THERE AS A LAST RESORT.

REPORTER REPORTER ANDRIA

GARRETT, CBN NEWS.

A GEORGIA CITY COUNCIL HAS

DECIDED TO STOP SAYING THE

LORD'S PRAYER.

THE ATTORNEY TOLD LEADERS IT

JUST HAS TO BE MORE GENERIC-TYPE

THINGS.

PASTORS FROM THE SIX CHURCHES IN

THE CITY TAKE TURNS SAYING A

PRAYER AT THE MEETING.

COMING UP, DEATH OF A

DICTATOR, HUGO CHAVEZ SUCCOMBS

TO CANCER.

WHAT IT MEANS FOR THE U.S.

DEATH OF VENEZUELAN

PRESIDENT, HUGO CHAVEZ,

CONTROVERSIAL 58-YEAR-OLD LEADER

DIED TUESDAY FOLLOWING A BATTLE

WITH CANCER.

SOME ARE MOURNING AND OTHERS,

ACTUALLY CELEBRATING.

REPORTER: HUGO CHAVEZ WAS A

CHAMPION FOR VENEZUELAN'S POOR.

HE IMAGINED UNITED STATES AND

GEORGE W. BUSH WAS THE CENTER OF

ALL EVIL.

YESTERDAY THE DEVIL CAME

HERE.

RIGHT HERE.

AND IT SMELLS OF SULFUR STILL

TODAY

REPORTER: HE SAID CAPITALISM

ENDED ON MARS AND TWITTER WAS A

TOOL OF TERRORISM.

BEYOND THE BIZARRE STUNTS AND

CHAIRMANSHIP, A NATION

DEFINITELY NEEDED MORE FROM ITS

LEADER.

YOU WOULD HARDLY KNOW IT, THE

ECONOMY REMAINED IN A PERMANENT

SHAMBLES WITH 22% INFLATION.

A LOT OF VENEZUELA'S OIL MONEY

USED TO ELEVATE POVERTY,

BILLIONS GIVEN TO CUBA.

CHAVEZ DIED A BILLIONAIRE.

THE POOR TRULY BELIEVED HE CARED

ABOUT THEM.

HE IS A MAN THAT CARED ABOUT US.

HE DIDN'T GIVE ANYTHING TO ME

BUT MY PEOPLE.

IN SOUTH FLORIDA, THEY WERE

CHEERING HOPING IT WOULD LEAD TO

DEMOCRACY.

IT IS HARD NOT TO BE HAPPY.

I AM HAPPY BECAUSE THIS IS THE

WINDOW OF OPPORTUNITY

REPORTER: CHAVEZ MADE THE

HEMISPHERE MORE DANGEROUS BY

ALLOWING HEZBOLLAH TO OPERATE

INSIDE VENEZUELA.

VICE PRESIDENT NICOLAS SAID

UNITED STATES HAD A HAND IN

CHAVEZ'S DEATH.

VENEZUELA'S CONSTITUTION SAID

ELECTIONS MUST BE HELD IN 30

DAYS.

DALE HURD, CBN NEWS.

THE U.S. SPENT TOO MUCH MONEY

AND TOO FEW RESULTS FOR ALL IT

SACRIFICED IN IRAQ.

AMERICAN TAX PAYORS SPENT 60

BILLION DOLLARS, THAT IS ABOUT

15 MILLION DOLLARS A DAY.

THE U.S. HAS SPENT AT LEAST 767

BILLION DOLLARS.

SPECIAL INSPECTOR GENERAL FOR

IRAQ RECONSTRUCTION SAID A LOT

OF MONEY MISSPENT THROUGH WASTE

AND A KEY POINT OF THE REPORT

THAT THE OBAMA ADMINISTRATION

FAILED TO NEGOTIATE A MILITARY

AGREEMENT WITH THE IRAQI

GOVERNMENT BEFORE PULLING OUT.

THE U.S. HAS LIMITED INFLUENCE

DESPITE THE SACRIFICES MADE TO

LIBERATE IRAQ.

64-YEAR-OLD LOUIS SAKO WAS

ELECT D IN BAGHDAD.

HE REPLACES RETIRING PATRIARCH

TO INSURE CO-EXISTENCE AND

COOPERATION.

CHRISTIANS IN IRAQ -- THOUSANDS

HAVE FLED THE COUNTRY SINCE THE

U.S.-LED INVASION IN 2003.

NUMBER OF SYRIANS THAT HAVE

FLED THEIR WAR RAVAGED COUNTRY

HAS TOPPED.

THOUSANDS CONTINUE TO CROSS THE

BORDER EVERYDAY.

THE U.N. ALSO ESTIMATED MORE

THAN 70,000 PEOPLE KILLED IN

SYRIA'S UPRISING AGAINST

PRESIDENT BASHAR ASSAD.

U.N. SAYS QUOTE SYRIA IS

SPIRALLING TOWARDS FULL SCALE

DISASTER.

UP NEXT, THE PRESIDENT HEADS

TO ISRAEL IN A FEW WEEKS WITH A

PEACE PLAN ON HIS AGENDA.

ONE EXPERT TELLS US ABOUT THE

ROADBLOCKS THAT HE'LL FACE.

IN SEPTEMBER OF 1993,

PRESIDENT CLINTON STOOD ON THE

WHITE HOUSE LAWN WITH BEAN AND

YASIR ARAFAT.

THEY TALKED ABOUT PEACE, BUT IT

DIDN'T HAPPEN.

THE PRESIDENT IS ABOUT TO

HEAD TO THE MIDDLE EAST AND IT

IS MOSTLY IN TATTERS.

JOHN WAAGE HAS THE STORY.

ISRAEL AND PALESTINIANS BEGIN

TO PUT THEIR DIFFERENCES ASIDE.

ENOUGH OF BLOOD AND TEARS.

ENOUGH

REPORTER: ISRAEL WOULD GIVE

UP WEST BANK TERRITORIES THEY

WON IN THE 1967 SIX-DAY WAR AND

THE TWO PEOPLES COULD LIVE SIDE

BY SIDE IN PEACE AND SECURITY.

A PALESTINIAN AUTHORITY

GOVERNMENT MIRED IN CORRUPTION

HAD DIFFERENT IDEAS AND 90S

TERRORIST GROUPS, RABINE WAS

MURDERED BY AN ISRAELI GUNMAN.

PRESIDENT CLINTON ALMOST

BROKERED A DEAL.

PALESTINIAN YASIR ARAFAT

REJECTED THE U.S.-BROKERED

AGREEMENT AND A WAVE OF TERROR

ATTACKS LEADING TO 2,000 DEAD ON

BOTH SIDES.

UNDER PRESSURE FROM THE WEST,

PEACE PROCESS CONTINUED.

REFUSED THE DEAL WITH ARAFAT

SEEING HIM AS PART OF THE

PROBLEM THAN THE SOLUTION.

WITH ABBAS UPROOTING MORE THAN

8,000 JEWISH RESIDENCE, THEY

HOPED IT WOULD LEAD TO PEACE.

HAMAS DICTATORSHIP IN GAZA AND

THOUSANDS OF ROCKET ATTACKS ON A

GROWING NUMBER OF ISRAELI

CITIES.

TODAY AS PRESIDENT OBAMA

PREPARES TO VISIT, DREAM OF TWO

STATES LIVING SIDE BY SIDE IN

PEACE SEEMS AS DISTANT AS EVER.

JOHN WAAGE, CBN NEWS.

FOR MORE ON THIS CBN FOUNDER

PAT ROBERTSON SPOKE WITH ELIOT

ABRAMS.

NATIONAL SECURITY ADVISER TO

PRESIDENT GEORGE W. BUSH AND

WRITTEN A BOOK CALLED "TESTED BY

ZION."

IF YOU TALK TO THE ISRAELIS

AND ARABS, THEY ARE WORRIED

ABOUT IRAN.

THEIR REAL CONCERN IS IRAN.

PAT: YOU HAVE SAID WHEN OUR

DIPLOMATS AND POLITICIANS ARE

WORKING ON THIS, CONCERNED ABOUT

GETTING SOMETHING ON A PIECE OF

PAPER THAN ON THE GROUND, TALK

ABOUT THAT.

ABSOLUTELY RIGHT.

EVERYONE IS LOOKING FOR THE

GREAT HAND SHAKE, NOBLE PIECE

PRIZE, INTERNATIONAL

CONFERENCES.

REALLY WE NEED TO WORRY ABOUT

SECURITY AND PROSPERITY FOR

PEOPLE LIVING IN ISRAEL AND

PALESTINIAN AREAS.

HOW CAN WE HELP THEM GET BETTER

JOBS, MORE AUTONOMY, MORE

MOBILITY?

INSTEAD OF FOCUSSING ON THE

PRAGMATIC THINGS, EVERYBODY

WANTS THE GREAT CONFERENCE IN

THE SKY.

WE MISS OPPORTUNITIES TO IMPROVE

PEOPLE'S LIVES.

PAT: HOW ABOUT THE

BROTHERHOOD, DO THEY SET UP

YASIR ARAFAT AND PLO, WHAT ABOUT

PALESTINIAN AUTHORITY,

DESPERATELY CORRUPT, ISN'T IT?

YEAH, THE DECREASE IN

CORRUPTION AFTER ARAFAT DIED IN

2004, IT HAS CLIMBED UP AGAIN.

IT IS A PROBLEM INCLUDING

FRANKLY ABBAS AND SONS ARE

INVOLVED IN A LOT OF THINGS THEY

SHOULD NOT BE INVOLVED IN.

IT IS A HUGE PROBLEM FOR

PALESTINIANS.

THEY HAVE TO FIND A WAY TO RING

THAT OUT OF THE SOLUTION.

PAT: I CAN'T SEE A PEACEFUL

SOLUTION.

I AM NOT SURE THE EGYPTIAN

SYSTEM WON'T COLLAPSE IN ANOTHER

YEAR.

ARE THE ISRAELIS GOING TO PUT

THEIR FUTURE, CHILDRENS' LIVES

IN THE HANDS OF MR. OBAMA AND

MR. BIDEN AND RISK EVERYTHING ON

THAT?

I DON'T THINK SO.

I THINK THEY ARE GOING TO ACT

AGAINST IRAN.

PAT: NOT A PLEASANT PROSPECT,

IS IT?

NO.

IT ISN'T.

IT IS WRONG, WE ARE THE GLOBAL

POWER.

WE ARE THE SUPER POWER.

WE ARE THE ONES THAT SHOULD ACT.

WE ARE INFINITELY STRONGER THAN

ISRAEL.

IF WE DO, I THINK THEY'LL TAKE

THAT RESPONSIBILITY AND WILL ACT

AND SAVE THEMSELVES AND US.

YOU CAN FIND THE RES OF THAT

INTERVIEW AT CBNNEWS.COM.

STAY WITH US RIGHT HERE ON THE

CBN NEWS CHANNEL.

WE'LL BE RIGHT BACK.

EMBARRASSMENT TURNS INTO

TEARS FOR ONE UNSUSPECTED MOTHER

WHILE DINING WITH HER HUSBAND AT

AN AREA RESTAURANT.

HER HUSBAND STANDS UP TO MAKE

A PUBLIC ANNOUNCEMENT.

GOT A LOVELY LADY HERE

TONIGHT.

SHE HAS BEEN NOTHING SHORT OF A

BLESSING AND A GIFT TO OUR

ENTIRE FAMILY.

SHE IS A LITTLE EMBARRASSED

RIGHT NOW THAT IS OKAY.

WITH SAYING THAT, SORRY TO

INTERRUPT YOUR DINNER, WANTED TO

GIVE BACK TO HER A GIFT AND UM,

GIVE HER A GIFT OF HER SOLDIER,

HER SON, HOME FROM AFGHANISTAN.

AND SO WELCOME HOME YOUR SON,

STAFF SERGEANT DAVID BRANDY.

[APPLAUSE].

OH, THE HOMECOMING WENT VIRAL

AND POSTED ON

WELCOMEHOMEBLOG.COM.

A SITE FILLED WITH SURPRISE

MILITARY HOME COMINGS.

LOOK AT THAT.

SHE IS LIKE OH MY GOSH.

YES, HE IS HOME.

THAT IS SO AWESOME.

THAT IS GOING TO DO IT FOR

THE CBN NEWS CHANNEL.

YOU CAN FIND MORE ON

CBNNEWS.COM.

YOU CAN TELL US WHAT YOU

THINK ABOUT THE

STORIES YOU

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