Transcripts For FOXNEWSW Studio B With Shepard Smith 2013030

FOXNEWSW Studio B With Shepard Smith March 5, 2013

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The dow hit a historic high. Hope you road this train. Shattered previous trading record, on track for the highest close we have seen. Well be watching. Jerry willis has context. It is winter, so another snowstorm pounding chicago and the midwest, and this could be in biggest yet. Not everything is awful, but thousands of flights are cancelled, hundreds already cancelled tomorrow. And a pilot coming in for landing when he spots something he says looked like a drone, hovering very close to his jet. Hmm. The latest on todays investigations all ahead, unless breaking news changes everything. On studio b. First, from fox at 3 00, record day on the street. The dow soaring well above 14,200, shattering the previous alltime high. And with one hour to go until the bell rings on the corner of wail and broad the dow is on track for a record high close. Unless they screw it up. The last time the dow was this time, apple just sold its first iphone and george w. Bush had another year as president. The dow is up 856. Were well ahead of the highest close. That happened in october of 07 of. And while our 401ks are getting a boost, consider the economy is in a very different place in october of 07, Unemployment Rate was 4s 7. Now its 7. 9 . That number is down. Jerry willis is here from the Fox Business Network with a reminder that if they tell you everything is awful, this is good news. Shepard its not awful. Its my brothers 45th 45th birthday, the children are there, they gave him cupcakes. The dow is soaring, its a beautiful day. Spring is coming. From your mouth to gods ears. This is good news if youre saving. Im worried people out there have not invested in that. That it my biggest concern. Today we had a report on services companies, growing the fastest rate in the year, hooray. Housing prices up 9. 7 . Almost 10 , their very good. Now, the naysayers say the reserve is making the rally good because people need a place to invest when theres no Interest Rates to be had, whether youre buying cds or put shepard so works for now. The question is, and the smart people on wall street, the economists, the people who study this, the smart people, they say, watch out. Nice think it is not sustainable. Im just telling you the truth. Shepard all right. But all the signs there are. Not all of them but a lot of them. We cant every everything. Unemployment, my love. Shepard its bad because big corporations are making record profits and figured out how to do it without people. Theyre doing it overseases and their stock prices are going up. Shepard theyre doing great. The ceos are having a whale of the time. The big picture here is the Federal Reserve has been pumping the economy full of liquidity. The big question what happens when that stops. We have to wait and see and theres a disconnect. You described it perfectly, disconnect between main street and wall street. Wall street going to down. Ceo salaries, bonus, perks, going up, up, up, and were not seeing i just saw a poll on what people think about the economy. They think were in recession. Shepard who does . Regular americans. Shepard a lot of them seem to think the deficit i rising. It is not. Its shrinking. 15 trillion. Shepard i know its bad but when you dont spend when things arent going great. Markets are coming back. Thats the good news here. Lets hope hop stays on track. Shepard hope is our strategy. Thank you. Youre welcome. Shepard the midwest going 33as major winter storm. The third in a row, tears across the nations midsection, its affecting millions of your neighbors. Some meteorologists called it the big egg i wouldspread storm of the winter. Wow. Chicago could get a foot. Most folks have been two years without i. The two major airports cancelled nearly a thousand flights. The Ripple Effect is hitting fliers across the country. The full brunt of the storm could hit the midatlantic, including the nations capitol. But the snow will melt. Right now its in washington. Look at tomorrow. Who is this . Look at mike tobin. Just sitting in the snow. Can you do that for the whole hour for us . Sure, shep. Its coming down heavy right now, and starting to stick on the road. When you talk about that Ripple Effect . Lets look at video from Ohare Airport right now, where 900 flights are cancel. At midway airport. All of the southwest flights cancelled, thats another 250 flights, and thats the Ripple Effect, effects everybody all over the country in minnesota theyre expecting a total of 19 inches. What they have already got, 122 car wrecks. In wisconsin, a semi tractor slipped off the road, went interest the river. The trevors body has been recovered. You talked about near chicago, theyre expecting upwards of a foot of snow. Wet, heavy snow. The city has 300 snow plows at work. The state has 360. They have been staying ahead. The reeds are clear right now but were gifting to the point where the snow is coming down so aggressively they anticipate theyll lose the battle with the snow. And the problem with that is everybody who made it to work on clear roads will have stuck roads, and cars will be getting stuck on their way home. Shepard why are they calling this a dangerous heart attack snow whats this business . Reporter its this wet, heavy snow. Stuff is really good for making snowmen, its warm, heavy when you shovel it so people who havent been physical all year long, pick up a snow shovel, working hard, they have hard time with and it thats when people have heart attacks. The snow plows like this stuff because it comes off in one swipe. But cars have a hard time in this kind of snow. They get stuck. Shepard this is miserable. Theres snow dripping off the end of your nose, got be uncomfortable. Reporter you know, i got a nice pair of pants. Shepard is he going to freeze to death out there . Your nose isnt dripping, you seem high and dry. Im very thankful to be in the studio. Here in the northeast we could see some of this snow thursday into friday so day tuned. Right now the worst of the snow is coming down across the upper midwest. Minneapolis should be out of here in the next couple of hours, chicago, youre going to see the heavy snow flying for the next 12 hours, and then off the atlantic. Were seeing all snow across the great lakes and the midwest, turns champaign and ft. Wayne. South of that, chilly rain is falling across the midsouth, and the potential for severe weather. We could see the potential for hail, damaging winds, isolated tornadod. Thats another part of the storm. By wednesday, just coming offshore, we think west of d. C. , thats where the jackpot will be. Upwards of 18 inches round the d. C. Yeah, which is quite a blockbuster considering they havent seen this snow a couple years. Thursday and friday, we have a blocking High Pressure across eastern canada, actually going to backtrack this storm in towards the coast, possibly, and that could give us a snowy day for not only d. C. , up towards philly and new york, heading would into wednesday, thursday, friday, as the coastal low lingers, not only are we going to see the potential for several inches of plowable snow, but winds. Because we have High Pressure to the north of us, low pressure offshore, the Pressure Gradient will give is wind gusts in excess of 15 milesperhour in some cases. That could cause power outages, coastal flooding and a storm surge. Heres an aggressive commuter model. Six to 12 across the ohio valley. Theres the bulls eye. But look at philadelphia and new york. Six to 12 inches . I dont think so. But three to six is definitely a possibility all the way up to boston. Well be talking about this well into friday. So its the glass half full. Shepard we havent had much snow this season here in tiny town. New york city has been sideswiped. Boston has taken a toll. Shepard they deserve it. Thats your words. Shepard its the truth. Were expecting a Senate Committee to vote this afternoon on president obamas pick to head up the cia, john brennan. Thats going to be smooth as silk. Heres a look outside a closed door meeting. I wonder if they do anything when the doors are closed. Its believed the vote will pass there and then move on to the full senate. Two g. O. P. Lawmake issues said theyll work to block the nomination unless and until the white house releases details on, altogether now, how it handled last years consulate attack in benghazi. Last month, brennan faced tough questions about the administrations drone policy and his views on enhanced interrogations read John Brennans nomination ought to be considered on his qualificationnot disputes about an issue that did not involve John Brennans nomination to be the cia director. Whether the in documents will satisfy the senators, who said theyll they will not vote for brennan until the quit answers to questions. We have had one of the biggest document dumps from the white house in the last 4 hours and thats not a coincidence. This is clearly an effort to move along the brennan nomination and get it to the full senate floor. Shepard thank you. Seems the tv survival show may have saved a teenaged boys life. Thats what rescuers are saying after they found a skier who had been lost for days in the snow. Well talk with one of the rescuers. Remember how kim the younger told his new best friend, Dennis Rodman, i dont want to do war . That was a couple of days ago. And hes not saying that anymore. [ male announcer ] this is george. The day building a play set begins with a surprise twinge of back pain. And a choice. Take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] thats handy. Shepard the tv your watching can save your life. Not sure how much help this program would be but theres a 17yearold skier who says he likes to watch survival shows on tv and that may be part of the reason he is alive today himself name is nicholas joy. Heres the photo. He disappeared on sunday as a popular ski resort in maine. Searchers found him safe and sound a few hours ago help said when he realized he was lost he built a small snow cave for shelter and he learned that from here inside your television box. Sugar loaf general manager says nicholas extently wandered off the trail. Dozens of people searched for him, including navy seals and Border Patrol personnel. The guy who found them was not part of the search party. That man is joseph paul, vicepresident firefighter volunteer firefighter who heard about the missing team and went out on his snowmobile and found him. What do you mean you thought, ill look for the guy and then you found him. That doesnt happen. Ive been involved in several search and rescues, in my local department, and i just was up here and i knew the area where he was real well, so i thought, well, i got on my snowmobile, im going for a ride anyway, see if i can help out. Shepard when you found him, what was his situation . He was on the snowmobile trail. He waved me down, and i knew it was him right away because not too many people go hiking in ski boots. Shepard thats the truth. Go on. So i stopped and asked him who he was, you know, and how he what doing. And i said you know, theres lot of people looking for you. Shepard im guessing he might have been aware of that. Been missing for days. I fund the built a decent snow cave. What did you think of his homestead . I didnt see it. He told me about it. He said he saw it on survival, so he took a bunch of hemlock branches and made himself a shelter to get out of the weather and stayed down by a stream, and so he had water to drink. Shepship i guess thered been a wicked storm there for a day or two . There was about four inches of snow up there, fresh snow. Shepard just couldnt figure his way out . He said he heard snowmobiles yesterday but because he was in a in between Two Mountains there, the sound echoed. So, he wasnt real sure where the sound was coming from. This morning i guess followed some snow shoes where search and rescue people went looking for him yesterday. Shepard theres another big storm on the way. You deserve an award. I dont have anything except this pen that somebody stole from a renaissance hotel. Im guessing you got a nice thank you out of the deal. Yes, i did. Having him back with his family, thats the important thing. Shepard you have accomplished more in the last day than i have in years so congratulations on behalf of your fellow man. Thank you. Thank you. Shepard thats cool. Enemies of hugo chavez attacked him with cancers elm thats what venezuelan officials are saying. Enemies of hugo chavez attacked him with cancer. He has had a bad turn for the worse. Coming up, why theyre booting an american official from their country. Chavez is in trouble. The american has been kicked out. Somebody sicced cancer on him. Welcome to venezuela. Shepard 24 minutes past the hour. The United States gave the venezuelan president hugo chavez cancer. Thats the official word from the venezuelan vicepresident today. The vp called chavezs illness an attack and the result of conspiracies against chavez through his 14year rule. You think we have problems . Government officials today said chavez, the man who once called president george w. Bush the devil, is suffering from a severe and new infection, they tell us, they call his condition very delicate, which means nothing. Chavez reportedly underwent surgery for an undisclosed type of cancer. He heat not spoken in public sense then as we now. State tv reports his in the infection is respiratory. We cant confirm that. And the government officials said chavez was, quote, standing by christ and life. Unquote. Steve harry began is in our florida news studio. It is certainly a bizarre day for venezuelau. S. Relationships. Venezuela has expelled a u. S. Military attach shay, accusing him of espionage so in the same moment venezuelas vicepresident and chavezs handpicked successor says someone, our enemies, have infected hugo chavez with cancer help expels one u. S. Attache as an enemy. He is making the implication that the washington is behind hugo chavezs cancer. We have confirmation from the Defense Department that an attache has been expelled. Shepard washington cant get bias thick things done and they think we gave him cancer in its cross. What does this sigh about the next potential leader. It will be disappoint took officials in washington who monitor venezuela and hoped for a change from chavez. This is maduros first time on the stage. He is a high school graduate, onetime bus driver and he is the man chavez handpicked to lead the nation with the largest oil reserve, and he said were going to have a Scientific Commission to figure out who gave hugo chavez cancer, and implying it was the u. S. Certainly he is showing if he does indeed take control he will rule by cop spiers, fear, and rabid antiamericannism. Shepard is it my turn . Steve, thats great news. Thanks so much. Shepard ever have one of those days . We sic cancer on people now. We cant even pass a budget. A pilot then theyre this. Unidentified flying objects in new york. He thinks it was a drone hovering over one of the worlds wassess airports. Drones don belong there reaction from the fbi which is investigating, next. And his father and brother have already held the most powerful office in all the land. Whats up with the governor, jeb bush, and what is he saying about a possible white house round . And what is the position on immigration again . Theres been a lot of them in the last couple of days. ÷÷ announcer you never know when, but thieves can steal your identity and turn your life upside down. Hi. Hi. You know, i can save you 15 today if you open up a charge card account with us. You just read my mind. Announcer just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. Thats why you need lifelock to relentlessly protect what matters most. [beeping. ] helping stop crooks before your identity is attacked. And now you can have the most comprehensive Identity Theft protection available today. Lifelock ultimate. 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Order now and also get this shredder to keep your documents out of the wrong hands a 29 dollar value, free. Get protected now. Call the number on your screen or go to lifelock. Com to try lifelock protection risk free for a full 60 days. Use promo code gethelp. Plus get this document shredder free but only if you act right now. Call the number on your screen now shepard im shepard smith. This is studio b april. The bottom of the hour. Time for the top of the news. Something or other up in the skies above jfk. A drone, says

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