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)