Thor's Sitt on Sequestration, Airports, J.C. Penney

Feb. 28 (Bloomberg) -- Joseph Sitt, founder and chief executive officer of Thor Equities LLC and chairman of the Global Gateway Alliance, talks about the automatic federal spending cuts scheduled to take effect tomorrow and the potential impact on airports in the New York City area. Sitt, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the outlook for J.C. Penney Co. (Source: Bloomberg)
Newest iPhones Fuel Apple's Profit and Sales Growth
19:52 - Apple posted a 33 percent jump in profit last quarter, fueled by strong demand for the iPhone and sales growth in China. The company also boosted its capital-return program by $70 billion. Bloomberg's Scarlet Fu takes a look at the numbers on "Street Smart." (Source: Bloomberg)
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