Transcript: Thursday, July 3, 2014

NBR ThumANNOUNCER: This is NIGHTLY BUSINESS REPORT with Tyler Mathisen and Susie Gharib.

SUSIE GHARIB, NIGHTLY BUSINESS REPORT ANCHOR: Jobs blowout. The unemployment rate drops as almost 300,000 new jobs were created in June.
Is this a turning point for Main Street?

BILL GRIFFETH, NIGHTLY BUSINESS REPORT ANCHOR: Cracking 17,000. The Dow powered higher through the psychologically important number, but what should you do with your money now if you`re 20, 30, 40 or 50?

GHARIB: And bright idea. Imagine not having to wait to see a doctor.
A startup is making that possible and trying to shake up the health care industry in the process.

We have all that and more tonight on NIGHTLY BUSINESS REPORT for this Thursday, July 3rd.

Good evening, everyone. I`m Susie Gharib.

GRIFFETH: And I`m Bill Griffeth, in tonight for Tyler Mathisen.

We have two big stories leading the news and both indicative of a strengthening U.S. economy. For the first time ever, the Dow Industrial Average broke through the 17,000 milestone after news that the economy added more new workers that forecast in June, pushing the nation`s jobless rate to its lowest level in nearly six years. Employers added a robust
288,000 jobs last month. That`s the fifth straight monthly gain of more than 200,000, sending the unemployment rate this time around to just 6.1 percent. Average wages also take higher, rising by 6 cents an hour.

Now, even with the markets closing at 1:00 p.m. Eastern Time ahead of the July 4th holiday, investors rallied on the news, making history on Wall Street. The Dow was up 92 points at the close, a new record high of 17,068. The NASDAQ was up 28 points, closing at a 14-year high and S&P added 10. That`s also a new all-time high for that index.

We have two reports tonight now. Bob Pisani tells us about the Dow reaching the 17,000 mark, and what it means for investors and the economy.
But we begin with Hampton Pearson and a closer look at the June jobs
report.

(BEGIN VIDEOTAPE)

HAMPTON PEARSON, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
June`s robust employment gains are the latest evidence of a job market gaining momentum. The economy is averaged 272,000 jobs per month for each of the last three months and gained 2.5 million new workers over the last year. Job growth in June was widespread, with professional and business services, retail trades, bars and restaurants and health care with manufacturing all contributing.

On the eve of Independence Day, President Obama paid a visit to 1776, a job incubator firm to celebrate what the administration hopes is a
turning point for the job market.

BARACK OBAMA, PRESIDENT OF THE UNITED STATES: We just got a jobs report today showing that we have now seen the fastest job growth in the United States in the first half of the year since 1999.

(CHEERS AND APPLAUSE)

So, this is also the first time we`ve seen five consecutive months of job growth over 200,000 since 1999.

(CHEERS AND APPLAUSE)

And we`ve seen the quickest drop in unemployment in 30 years.

PEARSON: The unemployment rate now at 6.1 percent is the lowest since the 2008 financial crisis, with a dramatic decline in long-term unemployment. The number of Americans out of work for six months or longer has dropped by 1.2 million over the last year to just under 3.1 million, half of what it was three years ago.

But wages have barely moved, up just 2 percent in the last 12 months,
leading economist say a change is coming.

DAVID KELLY, J.P. MORGAN CHIEF ECONOMIST: I do think we`ll see wage growth pick up over the next 12 months rapidly. I think the real issue is
people don`t realize the labor market improved.

PEARSON: Millions of Americans, however, are still sitting on the unemployment sideline. Just 63 percent of adult Americans are working or looking for a job. That`s the lowest labor force participation rate since the late `70s. Some leading economists say that`s enough of a speed bump to keep Fed Chair Janet Yellen and her monetary policy makers reluctant to
move up their timetable for raising key short-term interest rates.

DIANE SWONK, MESIROW FINANCIAL CHIEF ECONOMIST: We`re not seeing the participation rate come up, which is really what you need to see sort of Janet Yellen`s dashboard of things of a healthier labor market. That means we`re going to be slow in raising rates and keep them lower longer than
they would have in the past.

PEARSON (on camera): On the eve of Independence Day, Dow 17,000 and a blockbuster jobs report gave both Wall Street and Main Street reasons to celebrate.

For NIGHTLY BUSINESS REPORT, I`m Hampton Pearson in Washington.

(END VIDEOTAPE)

(BEGIN VIDEOTAPE)

BOB PISANI, NIGHTLY BUSINESS REPORT CORRESPONDENT: The jobs report proved to be the catalyst to finally get the Dow over 17,000. Now, how important is Dow 17,000? Big round numbers are psychologically important because they focus attention on market`s strength. It`s another historic high for that index and more importantly, it happened on a day when the jobs report clearly indicates the economy is improving.

Now, people will see the news headline tomorrow, strong jobs report for June which also mentions the fact that the stock market has hit another new high. That`s sure to spark discussion about whether it`s time to put more money back into the market or even get back in. But a survey we did
in the New York area indicated many are still very skeptical.

UNIDENTIFIED MALE: If I could change what I do investment-wise,
certainly still a lot of uncertainty in the world.

PISANI: This is the latest in a spring of strong economic reports.
This morning a survey of businesses in the services sector also showed improving demand for employment, which also supports a rebound in growth in the second half of the year.

OK. So, what`s the risk for stocks right now? Traders have one big concern, a rapid spike in interest rates that could come if everyone is convinced that rapid economic growth will lead to much stronger inflation than expected.

But the keyword is rapid rise in rates. For example, the ten-year treasury yield went from 2.6 percent to 3.6 percent in a few days. But many believe the stock market could stand a slow rise in rates, as long as there`s clear evidence the economy continues to improve.

For NIGHTLY BUSINESS REPORT, I`m Bob Pisani at the New York Stock Exchange.

(END VIDEOTAPE)

GHARIB: John Manley joins us now. He`s chief equity strategist at Wells Fargo (NYSE:WFC) Fund.

John, great to have you with us today. You know, it is exciting to have historic highs and milestones, but how should Americans feel about all of this? You know, Dow 17,000, strong jobs number, but the economic number, the economic growth, GDP on the downside.

So, you know, connect the dots for us. How healthy is the economy and the stock market?

JOHN MANLEY, WELLS FARGO FUNDS CHIEF EQUITY STRATEGIST: Well, every now and then you have to ignore a few dots out of place. I think things are going from OK to good, and I think that`s good for the stock market. I think that the Fed is going to be slow to raise rates because they want to make sure, very sure it`s OK before they do. And meanwhile, earnings are accelerating. So, I think earnings go up before interest rates and that`s
good for stocks.

GRIFFETH: Stocks, though, John, are supposed to zig and zag, they go up and they go down. They have been going up for 2.5 years. We haven`t had an appreciable decline of 10 percent, the proverbial correction in this market for awhile. Are we setting ourselves up as we go higher for even more pain when the correction finally does come, do you think?

MANLEY: You know, someday, it`s going to come. I guarantee you I will not sell at the top. But I think I`ll sell within 5 percent or 6 percent of the top.

We had a pretty good number of 5 percent to 10 percent corrections, 5 percent to 7 percent corrections. That took the steam off and as your report said earlier, people are skeptical. That`s skepticism that has to
be maintained rather than a round number like a 10 percenter.

GHARIB: You know, starting, I see you mentioned earnings a moment ago. Starting next week, we`re going to start hearing from companies with their corporate reports for the second quarter. Do you think what we hear from CEOs and we look at the numbers and the guidance looking forward are going to take stocks higher or lower?

MANLEY: Higher. If I had to pick up, it will be higher. I think the numbers are going to be pretty good. You never know exactly what`s going to come until it comes. But the last week of the quarter is usually the confessional period, when you get bad numbers, if they`re going to be there.

We didn`t see that many, and I get the sense that earnings are beginning to lift off rather than settle back.

GRIFFETH: JPMorgan (NYSE:JPM) with that strong jobs report moved up the timetable when it thinks the Fed will begin to actually raise interest rates. It now thinks it could happen this time next year. If in fact the economy is starting to pick up pace and the Fed is likely to raise rates sooner than expected, is that good or bad for stocks?

MANLEY: You know, I think it`s good if they do the right thing. You know, I think the Fed, I don`t think the Fed will raise interest rates unless they feel that raise in interest rates will not have an impact on the economy.

You have to listen to what Chair Yellen says. She wants to encourage the economy. She`s going to want to encourage it for sometime. Even the first few rate hikes are just a realization that the economy can deal with
higher interest rates. It`s not a reduction in the stimulus, really.

GHARIB: So, John, are you doing anything differently with your investment strategy given today`s news, and just the momentum that we`ve been seeing over the last couple of weeks?

MANLEY: You know, we focused on cyclical stocks for a while, not deep cyclicals. But we focused on things like energy and technology where earnings begin to lift off, industrials. I think that`s still a good play.
And don`t forget to look offshore. I mean, I still think that Europe may do better, and emerging markets are in such distress, I would say, that
there`s got to be a longer term play market there, as well.

GHARIB: All right. Thank you so much, John. Have a nice holiday
weekend.

MANLEY: Thank you.

GHARIB: John Manley of Wells Fargo (NYSE:WFC) Funds.

GRIFFETH: Still ahead, one size does not fit all when it comes to investment advice. So, with the Dow here at 17,000, two financial advisors join us to offer tips if you`re 20, 30, 40 or 50 or beyond.

(MUSIC)

GHARIB: More now on jobs and the positions that are in demand in the new economy, including ones in a high tech industry that are getting a big boost from a small college in Massachusetts.

Mary Thompson has more on where the jobs are.

(BEGIN VIDEOTAPE)

MARY THOMPSON, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): In biotech manufacturing, a technician`s job is to grow healthy cells in a clean, strictly regulated environment. A job Shire (NASDAQ:SHPGY)
Pharmaceutical Bill Ciambrone can be the hardest for the company to fill.

BILL CHIAMBRONE, SHIRE HEAD OF TECHNICAL OPERATIONS: The ideal candidate is someone exposed to hands-on laboratory work, of the manipulation of the equipment, the use of diagnostic tools. Those are the
type of people that are most in demand.

THOMPSON: That demand the reason Quincy College launched a two-year
program to train bio manufacturing technicians three years ago.

BRUCE VAN DYKE, QUINCY COLLEGE: They decided for the students, and the opportunity for students to get jobs, to teach bio manufacturing and
compliance would be the best fit for the students.

THOMPSON: The Quincy program is unique because of the hands on experience students receive working on state of the art equipment like this wave rocker. The wave rocker used by companies like Shire (NASDAQ:SHPGY) to grow cells that produce enzymes needed for the drugs it makes at its rare disease hub in Lexington, Massachusetts.

Students learn to shepherd the cells as they multiply and extract the needed proteins, just as they would in the working world.

(on camera): So, what`s the employment outlook? The Bureau of Labor Statistics estimates that the outlook for job growth for bio manufacturing technicians is 10 percent from 2012 to 2022. That`s 8,000 new jobs.

(voice-over): Three hundred ninety-three of those jobs are expected to be in the Bay State by 2016. So, Quincy College`s Bruce Van Dyke worked
closely with local firms to design the school`s program.

VAN DYKE: If you`re not doing what they need you to do, then you`re
wasting your time.

THOMPSON: Twenty-five-year-old Alex Wilson isn`t wasting time. A Quincy graduate hired by Shire (NASDAQ:SHPGY) last year as a technician, he
works four ten-hour shift a week and overtime when he can get it.

ALEX WILSON, SHIRE MANUFACTURING TECHNICIAN: My five-year plan would be to be a lead in my department. My ten-year plan would be switch
departments and go into R&D, research and development.

THOMPSON: The Bureau of Labor Statistics says entry level technicians like Wilson earn about $40,000 a year. Shire (NASDAQ:SHPGY) declined to say what it pays, only that its pay is competitive and employees receive
full benefits including tuition reimbursement.

VAN DYKE: They are well-compensated, especially relative to, say, other recent college graduates or in many cases, high school or junior college graduates. These are really good jobs for people starting out in
the work force.

THOMPSON: Twenty-seven-year-old Daria Kotowski isn`t starting out.
She`s kick-starting her career in biotech.

DARIA KOTOWSKI, QUINCY COLLEGE STUDENT: It`s ever changing. It`s
huge right now. It`s not going away.

THOMPSON: And neither is she. A top student at Quincy, she`s interning now and is setting her sights on a future in neurological research, cultivating an ambition that`s been grown in a lab.

For NIGHTLY BUSINESS REPORT, I`m Mary Thompson, in Quincy,
Massachusetts.

(END VIDEOTAPE)

GHARIB: And to read more about this biotech training program, you can log on to our Web site, at NBR.com.

GRIFFETH: Elsewhere, Boeing (NYSE:BA) ramped up deliveries in June and that`s where we begin tonight`s “Market Focus”.

The plane maker nearly doubled its deliveries of its 787 Dreamliner, helping it increase deliveries by 7 percent from a year earlier. The Dow component says its defense, space and security unit also saw delivery gains. So, shares rose a fraction to $128.51.

And shares of Walgreen (NYSE:WAG) and Rite Aid (NYSE:RAD) were higher on news sales that were up in June. The pharmacy operators reported increased same-store sales, driven by higher pharmacy sales. Investors cheered the news since drugstore retailers` sales and margins have been pressured lately by a wave of generic drug introductions. Shares of Walgreen (NYSE:WAG) rose more than 1 percent to $73.98. Rite Aid
(NYSE:RAD) popped 5.5 percent, close at $7.50.

And shares of PetSmart (NASDAQ:PETM) soared on news of activist interest in the pet food retailer. In this case, its hedge fund Jana Partners that has now taken 9.9 percent stake in the company and will talk to management and shareholders about a possible sale to improve its performance. That stock was 12.5 percent higher to $67.28.

GHARIB: Advisors to Lululemon`s founder, Chip Wilson, have been discussing with private equity firms the possibility of taking the retailer private. According to reports, one of the firms that`s in talks with the yoga apparel maker is Leonard Green & Partners. That sent shares up nearly
3 percent to $42.60.

Google`s removal of some search results in Europe is being criticized as press censorship. The most recent article set to be removed and getting the most attention, a 7-year-old blog post criticizing former Merrill Lynch CEO Stan O`Neal. Google (NASDAQ:GOOG) says individuals have the right to request the removal of certain links. But despite all that, Google
(NASDAQ:GOOG) class A shares still rose a fraction to $593 and change.

Big tobacco companies Lorillard (NYSE:LO) and Reynolds American
(NYSE:RAI) may be merging by the end of the month, according to reports.
The companies have not fully negotiated terms, but they`re said to be just a few weeks away from a deal. Shares of Lorillard (NYSE:LO) jumped on the news, up 5 percent to $64.41. Reynolds American (NYSE:RAI) rose more than
2 percent to $61.56.

And that good jobs report that we told you about also helped send certain stocks higher. Shares of staffing companies Manpower (NYSE:MAN) Group and Robert Half International (NYSE:RHI) both rose on the upbeat employment picture. Manpower (NYSE:MAN) rose more than 1 percent to $86.15. Robert Half was also 1 percent higher to $49 and a penny.

GRIFFETH: OK. So, now that the Dow has reached another historic milestone, you`re probably wondering what to do with your money, whether in your 20s, or your 50s or even beyond.

So, let`s get some answers tonight. We have Paul Auslander. He`s director of financial planning at Provise Management. And Avani Ramnani, who`s director of financial planning and investment management at Francis Financial.

Good to see you both. Thank you for joining us tonight.

AVANI RAMNANI, FRANCIS FINANCIAL: Thank you.

GRIFFETH: Paul, it depends where you are on your life cycle. We don`t have time to go through every decade. But generally speaking, 20s, 30s, 40s, what you`re going to do with your money right now, do you think?

PAUL AUSLANDER, PROVISE MANAGEMENT DIRECTOR OF FINANCIAL PLANNING:
The 20-year-old is going to keep more in equities and the 50-year-old are
going to keep less in equities. I mean, that`s the general rule of thumb.

GRIFFETH: It doesn`t matter what level the market`s at?

AUSLANDER: I don`t think so.

GRIFFETH: We`re at lofty levels right now.

AUSLANDER: I don`t think so. I told the clients the same thing, whether the Dow is at 13,000, 16,000 or 17,000. It`s all about asset allocation.

Look at the amount of risks that you`re willing to accept, test that every quarter now as opposed to every year and make sure that you`re comfortable with some amount you might lose and adjust your allocation
accordingly.

GHARIB: Let`s check it with Avani.

Do you agree with that? And if you do, how aggressive should that 20 or 30 something be with their stock investment?

RAMNANI: You know, a 20-year-old can be a lot more aggressive. I would go up to 70 percent, to 75 percent in an equity allocation and then definitely bonds have to play a role, too, to keep the rest of the portfolio in bonds.

And as far as what the market is doing right now, really, you have to focus on the long term, especially for a 20-year-old. You`re not going to use this money, hopefully, for the next 35 to 40 years.

And for that time frame, you have a lot of ups and downs coming your way. So, you have to take your emotions out of the investment process, and
keep the asset allocation.

GRIFFETH: Avani, lately, because of the historically low yields that people are getting from their investments, specifically in bonds, they forgo bonds and go with dividend-paying stocks instead. A wise move, riskier, what do you think?

RAMNANI: I think bonds still need to be in the portfolio. Like I said, if you don`t use it for the next 40 years, there is going to be ups and downs in the market, sometimes equities are going to be up, sometimes bonds are going to be up. So, each segment has its own role to play and I would shy away from getting rid of bonds completely and having stocks all
in the portfolio.

GHARIB: So, let`s turn, Paul, to somebody who is in their 50s, or maybe somebody in retirement or close to retirement. You say that you meet with this group on a regular basis because it`s not like being 20- something. What`s your advice?

AUSLANDER: Well, to Bill`s point, I think as you get a little bit older, you have to be, excuse me, careful with how much you have in equities. But more importantly — and I live in Florida, we see a lot of this — retired investors haven`t been able to get yields from bonds or from CDs, so they`ve naturally gone more into equities, more in the dividend-paying stocks.

That`s the group of investor I`m most worried about. I think they have taken more risk that they`re really ready to assume. And those are the people that I`m talking to.

And to Avani`s point, I agree that there should be money in bonds but I worry that when interest rates rise, bonds will come down in value so
short-term bonds only in my view when you have that allocation.

GHARIB: But are you telling this age group that maybe they should take profits given the unbelievable run that we`ve seen in the market?

AUSLANDER: I think it`s a combination of taking profits, but more importantly adjusting that asset allocation strategy so that there will be more in bonds than in equities and in those bonds, though, I think it`s critical they be short term to anticipate that — whenever it happens, that
rise in interest rates.

GRIFFETH: Not to put too fine a point on things because of the time we have allotted to us, but stocks are not all equal. You`ve got riskier
growth stocks. You`ve got the safer so to speak defensive plays.

AUSLANDER: Yes.

GRIFFETH: What about a mixture?

AUSLANDER: Well, and again, we discussed dividend paying stocks, largely, large cap stocks most of the time. We like small cap value tilt.
I think that`s the growth strategy that`s worked best for many years. But having said that, there is safety in the large cap companies.

GHARIB: Some final thoughts from both of you.

Avani, let me start with you. We`ve been talking about things you should do. What is the key thing that you would advice someone in their 20s, 30s and 40s not to do?

And then, we`re going to turn to Paul and see what he says.

RAMNANI: I think what you shouldn`t do is not get carried away by the ups and downs of the market. Emotions play a big part and you need to really learn how to take those away. I would like to add that emerging markets and you mentioned before, emerging markets is a segment that`s especially is very important for 20, 30-year-olds because that`s where
we`re seeing growth capacity potential in the next 15 to 20 years.

GHARIB: Real quickly, the best tip about what not to do. Mistakes
(INAUDIBLE)

AUSLANDER: No knee jerk reaction, stick to your plan. Adjust where you need to and fine tune, but don`t do anything dramatic.

GHARIB: For any age group really.

AUSLANDER: Absolutely.

GRIFFETH: Take your emotion out, easier said than done. But very good advice.

Thank you both and have a good holiday weekend.

AUSLANDER: Thank you.

RAMNANI: Thank you.

GRIFFETH: Paul Auslander, Provise Management, Avani Ramnani from Francis Financial as well.

AUSLANDER: Thank you.

RAMNANI: Thank you.

GHARIB: And coming up on the program, how one startup is rethinking the way health care is delivered, cutting costs and maybe even saving you a trip to the emergency room.

(MUSIC)

GHARIB: A real set back in Illinois`s efforts to increase what state retirees pay for their health benefits. The Illinois Supreme Court ruled today that the state`s constitution`s pension protection clause prevents any reduction of health care benefits for retired workers even though the
state`s pension coffers are severely under-funded.

Bill?

GRIFFETH: Meanwhile, mortgage rates are edging lower still. Freddie Mac reports that average mortgage rates on a 30-year fixed rate loan dipped a little bit this week. They are down to 4.12 percent, down from 4.14 percent, just a week ago.

GHARIB: And finally tonight, we all know the hassles of seeing a doctor or waiting for hours in the emergency room. What if you could bypass all that? Well, one young physician had a bright idea that`s making that possible and in the process, he`s helping patients and doctors, too.

(BEGIN VIDEOTAPE)

DR. JAY PARKINSON, SHERPAA: You`re right in and you just say, hey, I
have a sore throat.

GHARIB (voice-over): Jay Parkinson is a doctor. His patient, our
health care system.

PARKINSON: Everybody knows health care is broken and inefficient.

GHARIB: That`s why he started Sherpaa. The two-year-old service provides access to doctors 24/7, online and on the fine. They can answer questions, give advice, diagnose problems, prescribe medications and speed the referral process, and it`s paid for by employers.

More than 100 companies are paying about $30 a month per employee to
offer Sherpaa as a benefit.

PARKINSON: Nobody has ever said this is a bad idea, ever.

GHARIB: Certainly, not Martin Refsal.

MARTIN REFSAL, CANARY MARKETING ASSOCIATE: I woke up one morning and
I just felt deathly ill.

GHARIB: Refsal works at Canary, a New York tech startup. He has a
primary care physician but called Sherpaa instead.

REFSAL: In less than an hour I had a prescription called in to the pharmacy just on the block, and I had a referral to a specialist who I went
and saw later that afternoon.

GHARIB: Better yet, communications with Sherpaa don`t generate any insurance claims. Parkinson says the service is reducing claims by about
70 percent.

PARKINSON: So the company all of a sudden looks really healthy, so
their premiums increase much less.

GHARIB: It`s not the first time Parkinson has mixed medicine with modern technology. In 2007, his practice literally took to the streets in Brooklyn. He was carrying about $280,000 in student debt and couldn`t afford to rent office space. So, he began texting and e-mailing with
patients. His story attracted national media.

PARKINSON: Half my day was spent answering reporter`s questions, you
know, book offers, movie offers. It was insane.

GHARIB: Instead of trying to become a star, he dedicated himself to
improving the health care experience for patients and for doctors.

DR. IDA SANTANA, SHERPAA EXEC. MEDICAL DIRECTOR: The doctor has this higher position and what this does is put the patient in charge in a big
way.

GHARIB: Ida Santana is a staff doctor at Sherpaa and earns more than
she might as an average primary care physician.

SANTANA: It`s really kind of moving medicine into an electronic age where most doctors don`t e-mail with their patients and that`s — like who doesn`t e-mail?

GHARIB: So far, companies are using Sherpaa in New York, New Jersey and California with Illinois coming on board soon.

WhiteOps is a New York cybersecurity firm. Its COO Ash Kalb stumbled
across Sherpaa and is now a big believer.

ASH KALB, WHITEOPS: We started talking about what the ideal health care program would like, and we didn`t think it existed. But I started Googling around and I came across Sherpaa and it was exactly what we
described to each other as what we like.

GHARIB: Kalb thinks having a doctor on call is making his company more efficient. His employees don`t need to see a doctor in order to
communicate with one, and that`s what Jay Parkinson calls progress.

PARKINSON: To me, the future of primary care looks what like what
we`re doing here.

(END VIDEOTAPE)

GHARIB: Dr. Parkinson and his team have really tried to create a win- win for employers and employees, and he says even the specialists that Sherpaa contacts are incentivized to cut wait times because they are
depending on Sherpaa more referrals. I hope we see more stuff like this.

GRIFFETH: We all know our medical industry needs to be overhauled in
terms of service out there, and it`s happening slowly bit by bit.

GHARIB: Yes, I think —

GRIFFETH: By the way, I enjoyed the past couple weeks. Tyler has been on vacation for two weeks, he`ll be back. I know we`ll be here
tomorrow for July 4th.

GHARIB: It was fun.

GRIFFETH: But he`ll be back on Monday night.

GHARIB: Great having you, always.

GRIFFETH: Thanks.

GHARIB: And that`s NIGHTLY BUSINESS REPORT for tonight. I`m Susie
Gharib. Thanks so much for watching.

GRIFFETH: I`m Bill Griffeth. Have a wonderful holiday weekend. We will see you tomorrow, though, for a special July 4th edition of NIGHTLY BUSINESS REPORT.

GHARIB: See you then.

END

Nightly Business Report transcripts and video are available on-line post broadcast at http://nbr.com. The program is transcribed by CQRC Transcriptions, LLC. Updates may be posted at a later date. The views of our guests and commentators are their own and do not necessarily represent the views of Nightly Business Report, or CNBC, Inc. Information presented on Nightly Business Report is not and should not be considered as investment advice. (c) 2014 CNBC, Inc.

This entry was posted in Transcripts. Bookmark the permalink.

Leave a Reply