In the following statement, does it constitute as hearsay?

• As a testifying witness in her mother's personal injury trial, Mary is asked whether she talked with her mother on the day of her accident. Mary replies: "Yes, I remember because my mother said, 'It is supposed to snow today' when I asked if she was going out."

Is this statement hearsay? Why or why not? If so, is there an exception to the hearsay rule?