Transcript: Nightly Business Report- November 11, 2015

NBR-ThumANNOUNCER:  This is NIGHTLY BUSINESS REPORT with Tyler Mathisen and
Sue Herera.

SUE HERERA, NIGHTLY BUSINESS REPORT ANCHOR:  Macy`s (NYSE:M) meltdown.
It`s the worst day for the stock in seven years, after the retail
bellwether reported a slide in revenue and said the outlook for the holiday
quarter isn`t much better.

New normal.  Are you harming your portfolio by following one of the
most traditional and popular rules of investing?

And from the battlefield to the business world — the real reason some
veterans are becoming entrepreneurs.

All that and more tonight on NIGHTLY BUSINESS REPORT for Wednesday,
November 11th.

Good evening, everyone, and welcome.  Tyler Mathisen is off tonight.

Well, the magic of Macy`s (NYSE:M) was nowhere to be found, and it
sent a chill through the retail sector.  The department store that many
consider to be a bellwether for the industry reported a sharp drop in
quarterly sales, and it lowered its earnings guidance for the year,
something many investors don`t want to see heading into the holiday season.
And that sent shares lower, falling nearly 14 percent, its worst day since
2008.

Courtney Reagan has more on Macy`s (NYSE:M) meltdown.

(BEGIN VIDEOTAPE)

COURTNEY REAGAN, NIGHTLY BUSINESS REPORT CORRESPONDENT:  For the
second straight quarter, the magic was missing at Macy`s (NYSE:M).  The
department store beat profit expectations but reported disappointing sales
and cut its full-year earnings forecast.  CEO Terry Lundgren said many of
the issues that plagued them during the year have gotten worse, including
declining tourist spending at its highest volume and most profitable big-
city stores and unseasonably warm weather crimping sales of cold-weather
merchandise.

TERRY LUNDGREN, MACY`S CEO:  The reality is, particularly in the
Northeast, it is much warmer this year than last.  And so, we expect that`s
going to continue.  That`s not going to — those things are just not going
to change dramatically, I don`t believe.

And at some point in time, you run out of days to sell through the
inventory, because December 27th comes and volume just drops off
precipitously.  So, earnings is forecast down for fourth quarter because
we`re going to take markdowns.  We`re going to — I mean, great for
consumers.  Consumers are going to have a field day.

REAGAN:  Macy`s (NYSE:M) also said sales of merchandise like handbags,
jewelry and accessories also slowed.  While Macy`s (NYSE:M) stock posted
its biggest loss in more than seven years, not every analyst thinks it
spells trouble for the long term.

OLIVER CHEN, COWEN & CO. MANAGING EDITOR, RETAILING ANALYST:  It`s
still a very powerful place with great vendors, great brands, a very
attractive online business, very steady free cash flow generation.  So, I
think there`s a place for Macy`s (NYSE:M) in the long term, but just
acknowledging the near term, there is some pressure, and the company`s
really trying to figure out the right strategies to insure that they`re
relevant to customers for the near and long term.

REAGAN:  Not every retailer`s still waiting to report results will be
hurt to the same degree from warmer weather and lower tourist spending.
Last quarter, when analysts asked Nordstrom (NYSE:JWN) if declines in
tourism was an issue, executives said while they have tourists in their
stores, it`s not a discussion point.  Ahead of its full earnings released
on Friday, JCPenney reported stronger than expected same-store sales.

Citi analyst Paul is betting off-price retailers like T.J.Maxx, Ross
Stores (NASDAQ:ROST) and Burlington will be less affected by weather issues
and retailers like Lululemon and American Eagle that report later can point
to better trends as the weather does get cooler.  But there`s still a full
holiday season ahead.  Anything can happen.

For NIGHTLY BUSINESS REPORT, I`m Courtney Reagan in San Francisco.

(END VIDEOTAPE)

HERERA:  And a bit later in the program, we`ll find out just how much
heat the broader retail sector will feel from this warmer weather.

It`s a done deal.  Anheuser-Busch InBev has formalized a deal to
acquire rival SABMiller for $107 billion.  The deal which we`ve reported on
would create a massive global beer company that will sell nearly one in
three beers worldwide.  As part of the deal, SABMiller will sell its stake
in Miller Coors to Molson.

On Wall Street, that merger deal wasn`t enough to offset the decline
in Macy`s (NYSE:M) and the other retailers, which pressured the broader
market.  Investors also sold shares of energy companies on a 3 percent
decline in oil prices.  So, by the close, the Dow Jones industrial average
fell 56 points to 17,702.  The NASDAQ dropped 16 and the S&P 500 was down
six.

Spending records were smashed in China.  Alibaba reported blockbuster
sales during its singles day online shopping event.  We told you last night
that sales started out strong.  And tonight, we can tell you that they
finished that way as well, totaling $14 billion, better than expected, and
a 54 percent gain from last year.

Eunice Yoon reports from the event in Beijing.

(BEGIN VIDEOTAPE)

EUNICE YOON, NIGHTLY BUSINESS REPORT CORRESPONDENT:  Chinese people
greeted each other on the singles day with the question, did you buy?  The
numbers were impressive.  Alibaba clocked $14.3 billion of sales on its
site.  That`s a record with over 460 million transactions.

Singles Day is a sort of ant anti-Valentine`s Day here.  The allure is
that university students got together to buy each other presents, but
Alibaba turned the day into a monster consumer shopping extravaganza, and
executive chairman of the company, Jack Ma, said this shows that
consumption here is on the rise, even though he does see trouble for the
economy.

JACK MA, ALIBABA FOUNDER & EXECUTIVE CHAIRMAN:  I think the problem of
China is we have to know that it`s not — it`s impossible to keep on growth
for 8 percent and 9 percent every year.  This economy is transforming.  So,
what we will see is the next five to ten years that China should have paid
much more attention to the quality instead of the quantity.

YOON:  Some of the bestsellers today, Xiaomi phones, Cadillacs and
Nike (NYSE:NKE) shoes.  Out of all the countries, U.S. products saw the
biggest overseas sales by Chinese buyers.  Alibaba hopes to make Singles
Day global, possibly bringing it next to New York or to London.

For NIGHTLY BUSINESS REPORT, I`m Eunice Yoon in Beijing.

(END VIDEOTAPE)

HERERA:  Jack Ma also addressed the issue of counterfeit products on
Alibaba`s site and told Eunice that he`s not concerned that the fakes will
harm the company`s global ambitions.

(BEGIN VIDEO CLIP)

MA:  We will continue to work.  I think if we are not the best, we are
the largest troop against and fighter against these counterfeit products.
And I will continue to work.  Give us some years.  Give us three, five
years.  We will give the world a wonderful response.

(END VIDEO CLIP)

HERERA:  Jack May be China`s wealthiest man, but Amazon`s Jeff Bezos
is also climbing the list of the world`s richest.  Bezos has edged past
Mexico`s Carlos Slim to take the number four spot on the list.  By some
estimates, Bezos` fortunate tops $58 billion.  His net worth has more than
doubled this year, helped by a more than 110 percent gain in shares of
Amazon (NASDAQ:AMZN).

Daily fantasy sports companies are out of luck in New York.  The
attorney general has demanded that the two largest operators, DraftKings
and FanDuel, stop taking bets in the state, because he considers them
illegal gambling operations.

Dominic Chu has more on the latest setback for this fast-growing
industry.

(BEGIN VIDEOTAPE)

DOMINIC CHU, NIGHTLY BUSINESS REPORT CORRESPONDENT:  Daily fantasy
sports, is it or isn`t it gambling?  Well, the New York attorney general
says it is gambling and of the illegal variety and that their business
violates the law.  And this is the most important development in the debate
over fantasy sports to date for one important reason.

PATRICK RISHE, SPORTSIMPACTS FOUNDER AND CEO:  The state of New York
is critical to both FanDuel and DraftKings.  Not only is it 10 percent,
approximately, of their overall business, but in addition to that, again,
New York is the hub of finance in America, in the world.

CHU:  A central part of the raging debate over daily fantasy sports is
whether or not it`s a game of skill or just wagering on an eventual
outcome.  Supporters of daily fantasy sports argue that there is research
and strategy that`s involved in creating portfolios, or lineups of players,
to compete against others.  Opponents say that these are short-term
exercises designed to cater to instant gratification of winning money and
that they`re different than traditional fantasy sports that require hours
of preparation and weeks of commitment.

Now, regardless of the view, everyone is trying to figure out how to
deal with emerging product companies like FanDuel or DraftKings.
DraftKings board member Hadi Nada sees the challenges that lie ahead.

HANY NADA, DRAFTKINGS:  Start-ups are disrupting the world, right?
You`re seeing it with Alibaba, with Amazon (NASDAQ:AMZN).  Start-ups are
disrupting the world.  And many companies are running into these issues,
whether it`s Airbnb or Uber, have very similar issues that we`re dealing
with.  The traditional infrastructure`s ill-equipped to handle these start-
ups, and I think this is one aspect of that.

CHU:  New York becomes the sixth state to demand a ban on daily
fantasy wagers.

So, how do New Yorkers feel about the ban on these daily fantasy
sports sites?

UNIDENTIFIED MALE:  Those guys are taking some leadership on this and
kind of getting ahead of the curve and maybe try to save some people from
getting into trouble.

UNIDENTIFIED MALE:  I honestly don`t see anything wrong with it.

UNIDENTIFIED MALE:  I think it`s skills.  There`s lots of data and
analytics and statistics that go into that.  It`s not betting horses.

CHU:  The next chapter of this story involves what promises to be a
lengthy legal battle between site operators, like FanDuel and DraftKings,
against state governments.  Should they be regulated like the lottery,
horse racing, or even casino gaming?

Ultimately, though, it may come down to just money and whether the
state`s ability to regulate and tax daily fantasy sports opens up the door
for play to resume.

For NIGHTLY BUSINESS REPORT, I`m Dominic Chu.

(END VIDEOTAPE)

HERERA:  FanDuel`s CEO says his company will use every avenue we can
to stay open in New York and that a court would disagree with the New York
attorney general`s decision.

Comcast (NASDAQ:CMCSA) (NYSE:CCS) ventures and NBC sports ventures
have stakes in FanDuel.  Comcast (NASDAQ:CMCSA) (NYSE:CCS) is the parent
company of CNBC, which produces this program.

From fantasy games to video games, Activision Blizzard (NASDAQ:ATVI)
says its latest “Call of Duty: Black Ops” made more than half a billion
dollars in worldwide sales in its first three days of release.  The company
says this is the biggest entertainment launch of the year, including
theatrical box office, music and books, and that sent shares 2 percent
higher in trading today.

Still ahead, keeping tabs.  A deal is reached to better track flights
over the oceans, but there`s one company that`s already working on a new
system.

(MUSIC)

HERERA:  A new vaccine may be able to prevent high cholesterol.
Researchers at the National Institutes of Health and the University of New
Mexico say an early-stage study shows promise.  The new vaccine has
significantly reduced LDL cholesterol, or bad cholesterol, in both mice and
monkeys.  About 73 million American adults have high levels of that bad
cholesterol.

World nations struck a landmark deal that would use satellites to
track planes in the air.  The agreement was reached at a United Nations
conference and would dedicate part of the radio spectrum to a global flight
tracking system.  The move is an attempt to prevent a repeat of the
disappearance of Malaysia Flight 370, and it updates the current radar
system.

Phil LeBeau tells us about one company that`s already working on
satellite tracking technology.

(BEGIN VIDEOTAPE)

PHIL LEBEAU, NIGHTLY BUSINESS REPORT CORRESPONDENT:  Every day, more
than 93,000 commercial flights are taking off and landing around the world.
The vast majority are tracked almost constantly by ground-based radar, but
what happens over large stretches of oceans or when flights cross the polar
region?

At Rockwell Collins (NYSE:COL) in Annapolis, Maryland, a new system
called Multilink ensures planes can always be monitored.

JEFF STANDERSKI, ROCKWELL COLLINS:  Any aircraft that`s flying
anywhere in the world, if it deviates from its course, the system`s going
to report that to the airline back office.

LEBEAU:  Here`s how multilink works.  Depending on the flight and its
location, separate radar and satellite systems are sending and receiving
signals from that plane, but those systems don`t always communicate with
each other.  Multilink takes all of those signals to track where a
particular plane is flying and if it is on its designated flight path.  If
it`s not, multilink alerts an airline that something has changed.

STANDERSKI:  A very important attribute of the system that we have is
an aircraft monitoring function.  So, in the event that aircraft were to go
off course, off its intended path, we can immediately alert the airline
that that`s occurred, and they can contact the aircraft to try and
understand what`s happened.

LEBEAU:  For NIGHTLY BUSINESS REPORT, I`m Phil LeBeau.

(END VIDEOTAPE)

HERERA:  We begin “Market Focus” tonight with an update from JCPenney
on a class-action lawsuit it`s facing.

The retailer says that it will make $50 million available to settle a
suit that accuses the company of tricking customers into thinking that they
were getting big discounts on some of its items.  The company also said
that despite the impact of that settlement, it`s still pleased with the
results, which will be released soon.  Shares fell nearly 2 percent to
$8.52.

Kroger (NYSE:KR) announcing it will purchase a smaller supermarket
chain called Roundy`s in a deal worth about $800 million.  The CEO says
there`s an important strategy behind the move.

(BEGIN VIDEO CLIP)

RODNEY MCMULLEN, KROGER CEO:  We really view this as a perfect fit
from a geography standpoint to Kroger (NYSE:KR), a lot of synergies and a
great group of stores.  So, we can`t wait for the associates to become part
of the Kroger (NYSE:KR) family.  We think this is a much more efficient way
to go into a new market, and they really have a great market share.

(END VIDEO CLIP)

HERERA:  Shares were off a fraction to $37.03.

IAC Interactive has offered more than half a billion dollars to
purchase the customer reviews website Angie`s List.  IAC owns Match.com and
other dating services and says that Angie`s board was uninterested in the
proposal.  No word from Angie`s List on the matter yet.

Angie`s List saw its shares surge in initial after-hours trading.
During the regular session, it was up 1 percent to $7.92.  IAC Interactive
was pretty much little changed.

PayPal took a hit in today`s session in a “Wall Street Journal”
report.  According to the “Journal,” Apple (NASDAQ:AAPL) will roll out a
mobile person-to-person payment system that`s similar to PayPal`s service
Venmo.  Shares fell nearly 2 percent to $36.33.

More signs of softness in the art market that we reported on last
night.  A number of works at a Christie`s Auction went unsold or sold for
below the guaranteed price.  For instance, the Andy Warhol fetched $32
million, and it sounds like a lot of money, but Christie`s agreed to pay
the seller $40 million, meaning they have to pay the difference.

While some pieces weren`t profitable, others didn`t sell at all, like
this de Koning which was priced at $6.5 million and this Warhol, among
others.

As we reported earlier, the warm weather was one of the reasons why
Macy`s (NYSE:M) reported a weak quarter.  When temperatures increase,
consumers are less likely to buy winter clothing.  Temperatures have been
above normal, and according to the weather company, are expected to stay
that way this month for much of the nation.

Paul Walsh joins us.  He`s vice president with Weather Analytics,
analyzes weather impact on spending trends, and he joins us tonight.

Good to see you again, Paul.  Welcome back.

PAUL WALSH, WEATHER ANALYTICS VICE PRESIDENT:  Hi, thank you.

HERERA:  So, how much warmer is it in most parts of the nation than it
normally is at this time of year?

WALSH:  Well, across the entire eastern half of the country, it`s
been, especially the Northeast and Midwest, which is really where it
matters as it relates to national retailers, it`s been 10, 15, even 20
degrees warmer than normal, which is obviously very unusual for November
and really bad news for department store retailers, as we are seeing.

HERERA:  Yes, we have seen department store retailers use weather as
an “excuse” in the past, and I say excuse in quotes, but this time it
sounds like perhaps there really is a legitimate reason why consumers
aren`t buying.

WALSH:  Yes.

HERERA:  Will they, do you think, get off the couch, though, as we get
closer to thanksgiving and closer to Christmas?

WALSH:  Yes, they definitely will.  And there`s two things that are
going on for this November.  Number one, last November was one of the
coldest on record.  So, we saw really strong sales in November of last
year.

This year, the absolute opposite is happening, so people are just not
getting off the couch, because when it feels like — if it`s 60 degrees in
New York in November, it doesn`t feel like winter and people aren`t
shopping.

The good news, though, is that as we move into December, we`re going
to be up against unusually warm weather last year, so what`s going to
happen is that demand curve is going to shift to the right, and I think
we`re going to see these sales happen.  They`re going to happen very, very
strongly, I believe, as we get into the holiday season.

Unfortunately, for a lot of the retailers, though, that`s often too
late.

HERERA:  Right, and they`ve already heavily discounted.

WALSH:  Exactly.

The other challenge that we`re going to have as we move into December
is that we are experiencing this El Nino sort of condition, which means
that oftentimes with that you get a lot more rain and even snow.  And
that`s really the biggest challenge for retailers as we move into December,
is precipitation on a weekend.  That`s what keeps people home.

Cold weather doesn`t keep people home.  We did some surveying last
week.  We found that it needs to be really, really cold before people don`t
go shopping.  But if it`s raining or snowing, people will stay home, and
those sales will be lost.

HERERA:  Yes, there`s no fun walking through the parking lot when it`s
raining and snowing.

Paul, thank you.

Paul Walsh with Weather Analytics.

WALSH:  All right.  Thank you.

HERERA:  And coming up, how some veterans are going from the
battlefield to the business world and becoming their own bosses.

But, first, a look at how commodities and currencies fared today.  The
treasury market was closed for Veterans Day.

(MUSIC)

HERERA:  Here`s a look at what to watch for tomorrow.  Dow component
Cisco (NASDAQ:CSCO) Systems will report earnings.  Lots of Fed speak,
including a scheduled speech from Fed Chair Janet Yellen.  Two reads on the
health of the labor market with jobless claims and the job openings and
labor turnover survey.  And that`s what to watch for on Thursday.

Years ago, managing your investment portfolio was easy, for the most
part.  You invested 60 percent in stocks and 40 percent in bonds.  But in
today`s environment, our next guest says this traditional asset allocation
may no longer work and could be putting your retirement nest egg at risk.

He is Scott Puritz, managing director with Rebalance IRA.

Scott, welcome.  Nice to have you here.

SCOTT PURITZ, REBALANCE IRA MANAGING DIRECTOR:  Pleasure.

HERERA:  So, what has changed?  Why does the 60/40 formula, which so
many people have relied on for so long, no longer apply?

PURITZ:  Well, there are really two major reasons why this classic
rule no longer applies.  First, interest rates are at historic lows.  With
U.S. treasury trading around 2.2 percent, that is at historic low, and 97
percent lower than any time in American history, other than after World War
II.

And second, Americans are living dramatically longer.  So, the
combination means that the old rules are not only out of sorts but
downright dangerous.

HERERA:  So, you advocate that people in their 50s and 60s who by the
old rule might be moving more into fixed income or more conservative
investments, conservative in quotes, should have, actually, more exposure
to equities.

Let`s take a look at what you`re recommending here.  So, if you`re in
your 20s and 30s, 100 percent, 40s, 90 percent to 100 percent.

PURITZ:  Correct.

HERERA:  But when we get into the 50s, 60s and even 70s, that`s a
fairly sizable allocation to equities.

PURITZ:  It`s about balancing risk between the risk of volatility in
stocks and outliving your money, if investors go too early into bonds and
fixed income with historically low interest rates.

HERERA:  You know, do you have to stay domestically for this kind of
equity allocation?  I mean, now the world is also much bigger in terms of
investment opportunities.  So, if, perhaps, you think our stock market has
run its course with a bull market at some point in time, would you
recommend looking for equity exposure in markets outside of the U.S.?

PURITZ:  Yes.  We recommend that retirement investors be globally
diversified, and the best way to have equity exposure is through low-cost
index funds.

HERERA:  All right.  On that note, Scott, thank you very much.

PURITZ:  Thank you.

HERERA:  Scott Puritz with Rebalance IRA.

Well, opening a business isn`t easy, whether you`re a well-known
entrepreneur or someone just starting out.

Kate Rogers (NYSE:ROG) is back tonight at the Iconic Entrepreneurial
Conference in our nation`s capital with some of the challenges facing
business owners, big and small.

(BEGIN VIDEOTAPE)

KATE ROGERS, NIGHTLY BUSINESS REPORT CORRESPONDENT:  No matter how
successful they are, entrepreneurs still struggle with their own day-to-day
challenges.  At the CNBC and Inc. Magazine iconic tour in Washington, D.C.,
Kenneth Cole told the crowd he`s still proving himself to customers three
decades into the game with his namesake brand.

KENNETH COLE, KENNETH COLE FOUNDER:  Every day you`ve got to look
around and figure out, am I still relevant?  And if not, why, and what do I
need.  And the universe today is so — everybody who exists everywhere is
an alternative.  And I`ve been doing this for 30 years.  So, I believe
after 30 years, I`ve earned the right to be considered, but every day I
have to earn the right to be chosen.

ROGERS:  And Bert Jacobs, founder of the Life is Good Company, admits
retail is still a challenge, despite growing his t-shirt business into a
$100 million brand.

BERT JACOBS, LIFE IS GOOD CO-FOUNDER:  It`s a tough market, and I
think that too many retailers are talking about how to engage and create
community but are still just hanging things in the window and hoping they
have the right brands.

So, we really need to make changes and we`re trying ourselves in that
area as well.

ROGERS:  Entrepreneurs here on the ground found inspiration in hearing
from these seasoned vets and also shared some of their own growing pains.

NITIN JAIN, SPROUTUP:  The main challenge is to continuously innovate
and tell about yourself through the community.

AMETHYST WYLDFYRE, AMETHYST WYLDFYRE ENTERPRISES:  One of the other
things that the growth challenge is finding great team members who are
going to be able to support the business as it grows, who are going to be
able to take over parts of the things that I`m really not supposed to be
doing.

RICH DAUGHTRIDGE, HIGH ROCK:  Our biggest challenge as an entrepreneur
is probably access to capital.  We have a lot of good ideas.  We`ve been
fortunate enough to succeed in where we are today.  Once you get over that
few million, $5 million sort of threshold, there are some big ideas and
it`s going to take capital to get us there.

ROGERS:  But despite the ups and downs of running a business, for
many, it`s worth the ride.

For NIGHTLY BUSINESS REPORT in Washington, D.C., I`m Kate Rogers
(NYSE:ROG).

(END VIDEOTAPE)

HERERA:  And on this Veterans Day, there are more than 3 million
veteran-owned small businesses across the country.  That`s according to the
Small Business Administration.  For some, opening a business allowed them
to continue using their leadership skills learned in the service.  For
others, it`s a way to turn their lives around.

Dina Gusovsky reports.

(BEGIN VIDEOTAPE)

DINA GUSOVSKY, NIGHTLY BUSINESS REPORT CORRESPONDENT:  From the front
lines of war to battling the business world, America`s veterans are taking
an interest in owning their own businesses, especially franchises.

DIANA WALTERS, FORMER MARINE, BUSINESS OWNER:  It`s scary.  You know,
I was in the military for 20 years, and you`re always told what to do,
where to be, how, and you know, there`s an anxiety of, you know, that
safety net isn`t going to be there anymore.

GUSOVSKY:  Diana Walters served in the Marines for 20 years, and just
six months ago started her own franchise by buying into housemaster.

WALTERS:  We`re a home inspection business.  I mean, we come in when
someone wants to purchase a home or sell a home.  You know, we will come in
and we will go through the house and we will look at safety issues, and
we`re going to give them a report.

GUSOVSKY:  The business made it into the top five of franchise
business review`s list of the top 100 franchises for veterans.

Pinot`s Palette, a paint and sit franchise was at the top of the list.

The rankings are based on feedback from current veteran franchise
owners, including data on how much the owners enjoy operating the business,
whether they feel valued and if they trust their franchiser, among other
things.

SCOTT DRUMMOND, VETERAN BUSINESS OWNER:  These are a couple canvases
that I brought in Pinot`s Palette.

GUSOVSKY:  Army veteran Scott Drummond opened his first studio in
Brooklyn, New York, just a few months ago.

DRUMMOND:  I was in Desert Storm.  I was exchanging enemy gunfire.  I
had rounds land next to me.  I could say that many veterans, I would do the
same.  I would encourage you to look at many franchises that are out there,
see what fits for you, see what makes you feel happy and just go for it.

GUSOVSKY:  Many veterans have had a tough time transitioning back to
civilian life, and the help in pushing that adjustment has increasingly
gone from creating any kind of employment opportunities to ones where
veterans can become their own bosses.

For NIGHTLY BUSINESS REPORT, I`m Dina Gusovsky.

(END VIDEOTAPE)

HERERA:  And finally tonight on this Veterans Day, if you are a
veteran, a number of restaurants are offering discounts to show their
support for the men and women of the military.  They include Applebee`s,
Buffalo Wild Wings (NASDAQ:BWLD), California Pizza Kitchen (NASDAQ:CPKI),
Olive Garden and Starbucks (NASDAQ:SBUX), among many others.

And that is NIGHTLY BUSINESS REPORT for tonight.  I`m Sue Herera.
Thanks for watching.

Have a great evening, everybody.  And we`ll see you right back here
tomorrow evening.

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) 2015 CNBC, Inc.

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