Sandy unlikely to damage US economy, analysts say
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WASHINGTON – Airlines canceled thousands of flights and stranded travelers. Insurers braced for damages of up to $5 billion. Retailers expected shrunken sales. Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from the storm will likely be limited. And any economic growth lost to the storm in the short run will likely be restored once reconstruction begins, analysts say. Preliminary estimates are that damage will range between $10 billion and $20 billion. That could top last year's Hurricane Irene, which cost $15. 8 billion. If so, Hurricane Sandy would be among the 10 most costly hurricanes in U.S. history. But it would still be far below the worst — Hurricane Katrina, which cost $108 billion and caused 1,200 deaths in 2005.
Keywords:
storm hurricane the storm sales Hurricane Irene storm damage retailers Hurricane Katrina holiday shopping season Airports Council International damages equities analyst insurers economic growth Coast market analyst Mark Zandi chief economist restaurant oil refinery holiday season flights department stores Hong Kong oil refineries unemployment benefits Phil Flynn long run Target Corp Morgan Stanley layover Strategic Resource San Francisco month Wall Street home improvement Danielson private data vehicles New York tomorrow report forecast chains Antignano nation Farnese snowstorm cars lunchtimePeople:
Bob Antignano
Overall Sentiment: 0.106896
Relevance: 0.701006
| Sentiment | Quote |
|---|---|
| 0.104278 | "It's a wasted day and it looks like tomorrow probably will be as well," Antignano said. ... |
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Mark Zandi
Overall Sentiment: 0.032496
Relevance: 0.663111
Burt Flickinger III
Overall Sentiment: -0.517259
Relevance: 0.650557
Jesse Toprak
Overall Sentiment: 0.0315215
Relevance: 0.618199
Eric Danielson
Overall Sentiment: 0
Relevance: 0.483792
Phil Flynn
Overall Sentiment: 0
Relevance: 0.446619
Jeff Schuster
Overall Sentiment: 0
Relevance: 0.428974
Brian Sozzi
Overall Sentiment: 0.152816
Relevance: 0.425135
| Sentiment | Quote |
|---|---|
| 0.15125 | "If you're spending $400 on a generator, that could hurt discretionary purchases," said Brian Sozzi, ... |
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Joshua Freed
Overall Sentiment: 0.163072
Relevance: 0.380034
Matthew Craft
Overall Sentiment: 0.0370664
Relevance: 0.372643
Tom Krisher
Overall Sentiment: 0.0970934
Relevance: 0.35913
Dee-Ann Durbin
Overall Sentiment: 0.0536821
Relevance: 0.350635
Joyce M Rosenberg
Overall Sentiment: 0.17561
Relevance: 0.343619
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Facility: Civita Farnese
Overall Sentiment: -0.27883
Relevance: 0.647165
Region: East Coast
Overall Sentiment: -0.0844871
Relevance: 0.622108
GeographicFeature: East Coast
Overall Sentiment: 0
Relevance: 0.586998
Country: U.S.
Overall Sentiment: -0.209848
Relevance: 0.556613
StateOrCounty: WASHINGTON
Overall Sentiment: -0.353076
Relevance: 0.509524
StateOrCounty: Ga.
Overall Sentiment: 0
Relevance: 0.41587
StateOrCounty: Va.
Overall Sentiment: 0.163072
Relevance: 0.410302
StateOrCounty: R.I.
Overall Sentiment: 0.483943
Relevance: 0.361826
City: Hong Kong
Overall Sentiment: -0.0867895
Relevance: 0.456621
City: Atlanta
Overall Sentiment: 0
Relevance: 0.437818
City: Washington
Overall Sentiment: -0.0990784
Relevance: 0.436809
City: Providence
Overall Sentiment: 0
Relevance: 0.403374
City: Minneapolis
Overall Sentiment: 0.121255
Relevance: 0.400354
City: Boston
Overall Sentiment: -0.0755131
Relevance: 0.399532
City: New York
Overall Sentiment: 0
Relevance: 0.395027
City: Norfolk
Overall Sentiment: 0.144133
Relevance: 0.38414
City: Detroit
Overall Sentiment: 0.0243604
Relevance: 0.366334
City: San Francisco
Overall Sentiment: 0.121255
Relevance: 0.365563
Continent: Europe
Overall Sentiment: -0.0434725
Relevance: 0.448166
Organization: Airports Council International
Overall Sentiment: -0.109412
Relevance: 0.497042
Company: JetBlue
Overall Sentiment: -0.236078
Relevance: 0.451863
Company: Morgan Stanley
Overall Sentiment: 0.0184026
Relevance: 0.439219
Company: Moody's Analytics
Overall Sentiment: 0.0178863
Relevance: 0.41922
Company: LMC Automotive
Overall Sentiment: 0
Relevance: 0.412287
Company: NBG Productions
Overall Sentiment: 0.0602512
Relevance: 0.39536
Company: CoreLogic
Overall Sentiment: 0.100045
Relevance: 0.393119
Company: Target Corp.
Overall Sentiment: 0.0103451
Relevance: 0.388024
Company: Strategic Resource Group
Overall Sentiment: -0.0390251
Relevance: 0.38709
Company: Price Futures Group
Overall Sentiment: 0
Relevance: 0.383768
Company: Macy
Overall Sentiment: 0
Relevance: 0.341582
NaturalDisaster: Hurricane Irene
Overall Sentiment: -0.0788056
Relevance: 0.942704
NaturalDisaster: Hurricane Sandy
Overall Sentiment: 0
Relevance: 0.901066
NaturalDisaster: hurricane
Overall Sentiment: 0.193339
Relevance: 0.642932
NaturalDisaster: Hurricane Katrina
Overall Sentiment: -0.699865
Relevance: 0.604187
- economic growth
- economy
- hurricane
- Hurricane Irene
- Hurricane Sandy
- lost
- Mark Zandi
- Moodys
- once
- U S
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Source : Sandy unlikely to damage US economy, analysts say
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