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
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