Transcript: Nightly Business Report – June 15, 2017

ANNOUNCER: This is NIGHTLY BUSINESS REPORT with Tyler Mathisen and Sue
Herera.

ANDREW ROSS SORKIN, NIGHTLY BUSINESS REPORT ANCHOR: Sneaker slump. One of
the world`s most recognizable brands is cutting its workforce and shifting
strategies. But investors don`t seem all that pleased with Nike`s
decision.

CONTESSA BREWER, NIGHTLY BUSINESS REPORT ANCHOR: Bridging the gap. The
president touts apprenticeship programs. And businesses and workers
applaud that idea.

SORKIN: Tech savvy. Some of the most popular 401(k) funds are loaded with
technology stocks. Is yours one of them?

Those stories and more tonight on NIGHTLY BUSINESS REPORT for Thursday,
June 15th.

Good evening, everyone. I`m Andrew Ross Sorkin, tonight in for Tyler
Mathisen.

BREWER: And I`m Contessa Brewer, in for Sue Herera.

(INAUDIBLE) return to the technology sector, it was one of several factors
that kept a lid on stock market today. The NASDAQ, which has outperformed
the broader market this year finished lower for the fourth time in five
days.

Let`s get right to the final numbers here. The Dow Jones Industrial
Average dropped 14 points. The NASDAQ was off 29. And the S&P 500 fell
five.

Technology wasn`t the only thing investors were keeping an eye on. Bob
Pisani reports on a few other concerns hanging over the market.

(BEGIN VIDEOTAPE)

BOB PISANI, NIGHTLY BUSINESS REPORT CORRESPONDENT: Stocks were in the red
with notable weakness in technology which had been our market leader.
However, tech leaders like Facebook, Amazon, Apple, and Microsoft cut their
losses by more than half in the late afternoon.

Two events are weighing on the markets today. First, overnight, “The
Washington Post” reported that Robert Mueller, the special counsel who is
overseeing the investigation into Russia`s role in the 2016 election, was
expanding the probe to determine whether President Trump attempted to
obstruct justice.

The market`s last notable drop, remember this, was on May 17th when the Dow
plummeted on reports that former FBI Director James Comey had written a
memo implying Trump asked him to stop the probe into Michael Flynn. The
Dow dropped more than 300 points on that day.

The lesson is though while the markets have learned to ignore many of
President Trump`s tweets, they are clearly sensitive to allegations that
Trump may have engaged in behavior that could trigger a sustained
investigation. Investors have allowed the Trump agenda to be pushed out,
but they clearly do not believe that the Trump agenda is dead.

Second, there is ongoing fallout from the Federal Reserve`s aggressive
position on interest rates. The Fed raised rates and indicated they still
expected to raise rates one more time and start reducing its balance sheet.
But inflation has been below the Fed`s target recently, and other weak
economic data like retail sales led many to believe that the Fed would
reiterate that the rate cuts coming were data-dependent, a phrase they`ve
used many times.

But it didn`t really happen. The Fed pushed ahead with the rate cut plans
with nary a nod to the recent weakness.

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

(END VIDEOTAPE)

SORKIN: And Nike was the worst performing stock on the Dow index today.
Investors were not enthusiastic about the company`s decision to cut jobs
and revamp its operations. Shares of the world`s largest athletic apparel
maker are off more than 3 percent in today`s session.

Sara Eisen takes a look at Nike`s plan to be more nimble.

(BEGIN VIDEOTAPE)

SARA EISEN, NIGHTLY BUSINESS REPORT CORRESPONDENT: Nike is cutting jobs.
The footwear giant slashing 1,400 positions, 2 percent of its global
workforce. It`s all part of a new strategy to focus on selling faster and
more to consumers directly. Also part of the plan, slimming down the
number of product lines by 25 percent, and zeroing in on 12 key cities
where more than 80 percent of sales growth is set to come from, including
New York, London, Shanghai, Beijing, and L.A.

The backstory to all of this: Nike`s growth has slowed down lately. It`s
also getting crushed by a resurgent Adidas, whose retro sneakers and Kanye
West products have been a big hit in the United States especially.

Nike is also feeling some pain from the broader weakness in retail right
now. Department stores are suffering. And Nike feels the impact of heavy
promotions and slower traffic.

That`s why the company`s strategy had been and continues to be on selling
directly to the consumer instead of Foot Locker and Macy`s, focusing on its
own website, its digital presence, apps, and its stores. Clearly,
consumers are changing habits, tastes, behavior, and style. And Nike wants
to stay on top of all of it by being faster and closer to that core
customer.

But they will have to convince skeptical investors. The stock has fallen
over the past year and continues to underperform the overall market. We`ll
certainly get more clues when it reports earnings in two weeks.

For NIGHTLY BUSINESS REPORT, I`m Sara Eisen.

(END VIDEOTAPE)

BREWER: And housing is a key pillar of the economy. Today, we learned
that the homebuilding industry has not been as optimistic about its
business outlook as it has been.

Diana Olick takes a look at what`s behind the shift in sentiment.

(BEGIN VIDEOTAPE)

DIANA OLICK, NIGHTLY BUSINESS REPORT CORRESPONDENT: You would think the
nation`s homebuilders would be on cloud nine given the high demand for
housing. But a shortage of buildable land and labor, not to mention higher
material costs, are bringing builders back to earth. A monthly index of
builder sentiment dropped two points in June to 67, and May`s reading was
revised down by one point. Anything above 50 on the National Association
of Home Builders Index is considered positive.

But confidence has been falling after a big surge following the
presidential election and the first executive order lifting some
environmental restrictions. The index`s three components, confidence in
current sells conditions as well as sales expectations fell, and buyer
traffic dropped into negative territory. This after sales of new homes in
April dropped dramatically, likely due to high prices and a lack of starter
homes for sale.

And this as the supply of existing homes for sale dropped to another low,
down 11 percent compared to a year ago, according to Redfin. The average
house sold in May went under contract in just 37 days, another new record.
Redfin measured just a 2.7-month supply of homes for sale. The realtors
consider six months to be a balanced market between buyers and sellers.

Homebuilders claim they are starting to target that entry level market.
But they`re still not hitting the price point that most young buyers can
afford.

For NIGHTLY BUSINESS REPORT, I`m Diana Olick in Washington.

(END VIDEOTAPE)

SORKIN: And manufacturing activity may be leveling off. A report from the
Federal Reserve is showing an unexpected decline in May factory output.
It`s the second drop in three months. The decline comes as manufacturers
crank out fewer cars, computers, and semiconductors.

BREWER: Well, the Trump administration wants to increase the number of
manufacturing jobs and help workers who have been left behind by the
current economic expansion. To do that, the president is expanding the
federally-funded apprenticeship program, widely used in a range of
industries.

Aditi Roy has more.

(BEGIN VIDEOTAPE)

ADITI ROY, NIGHTLY BUSINESS REPORT CORRESPONDENT: Christopher Paule is a
machinist at Solar Turbines. It`s a critical role in one of the world`s
leading manufacturers of industrial gas turbines.

But Paule isn`t a full-fledged employee. He`s an apprentice.

CHRISTOPHER PAULE, SOLAR TURBINES APPRENTICE: I`m getting, you know,
hands-on experience with the career that I`m learning to be a part of.

ROY: It`s an idea that`s catching on. Tech companies like Amazon and
Salesforce are using apprentices. Now, even the White House has taken
notice of the possible benefits of apprenticeships.

DONALD TRUMP, PRESIDENT OF THE UNITED STATES: We`re empowering these
companies, these unions, industry groups, federal agencies, to go out and
create new apprenticeships for millions of our citizens.

ROY: President Trump just signed an executive order expanding the nation`s
apprenticeship programs, making them a key part of his labor policy. In a
meeting with business leaders earlier this year, President Trump accepted a
challenge from Salesforce`s CEO, Marc Benioff, to create 5 million
apprenticeships in five years.

And just last month, Labor Secretary Alexander Acosta visited a BMW
manufacturing plant in Germany to observe the company`s apprenticeship
program in action.

Under Solar Turbines` four-year program, apprentices get paid, trained, and
mentored. By the end of the program, all of them get hired. Company
executives say the six-year-old program helps fill a critical need in a
competitive marketplace.

DAN CHAMPION, TURBO MACHINERY SOLAR TURBINES VP: Its apprenticeship
program and the skill sets that it provides really does a great job in
helping us build a pipeline.

ROY: He`s not the only benefitting from apprenticeship.

ISAAC MOREHOUSE, PRAXIS FOUNDER & CEO: I think apprenticeships are
absolutely huge for the future.

ROY: Isaac Morehouse thinks apprenticeships are the key to building the
skills gap. Three years ago, he started Praxis, a startup that matches
apprentices with companies.

MOREHOUSE: It`s a three-month professional boot camp, where we`re helping
young people kind of get the skills and knowledge that they need to go and
succeed in the workplace. And then we`re actually placing them in a paid
apprenticeship.

ROY: One company that works with Praxis is this startup called Pandadoc.
It helps clients with electronic documents. Apprentices are critical to
helping Pandadoc manage its web traffic.

JARED FULLER, PANDADOC VICE PRESIDENT OF SALES: We have a million people
that come to our website every month. I`m much more likely to hire someone
from an apprentice program that`s hungry for that experience than someone
that`s just randomly job searching.

ROY: Olivia Van Wormer chose an apprenticeship over going to college. She
believes this path gives her a higher return on investment.

OLIVIA VAN WORMER, APPRENTICE: You`re really just throwing yourself into
this new lifestyle. I think that`s huge. I think you learn so much more
from that than being catered to in college or otherwise.

ROY: Employers may get a good return on investment too. According to a
recent Commerce Department study, the return for businesses is $1.50 for
every dollar spent on apprenticeships. The analysis also found companies
benefit from lower turnover and greater productivity.

For NIGHTLY BUSINESS REPORT, I`m Aditi Roy, San Francisco.

(END VIDEOTAPE)

SORKIN: There`s some reports tonight that the president will tighten rules
on Americans traveling to Cuba and restrict some business deals, rolling
back some Obama era policies. That`s according to Reuters.

President Trump will lay out his new Cuba policy in a speech tomorrow in
Miami. The CEO of Marriott is urging the White House to instead improve
ties with the island nation.

BREWER: Still ahead, hackers have a new target: the oil and gas industry.

(MUSIC)

BREWER: State attorneys general from across the country are investigating
the makers of opioids. The bipartisan investigation is looking into
alleged marketing practices by manufacturers of the prescription
painkillers. The states are issuing subpoenas for documents and testimony
as part of the probe. But they won`t yet name any of the companies being
investigated.

SORKIN: The rising price of prescription medicine, one of heath care`s
biggest points of contention. It was a major topic of discussion among
some of the industry`s most influential CEOs.

Meg Tirrell spoke with them at the Heartland Summit, an annual gathering in
Minneapolis.

(BEGIN VIDEOTAPE)

MEG TIRRELL, NIGHTLY BUSINESS REPORT CORRESPONDENT: Since even before he
took office, Donald Trump has been putting pressure on the drug industry.

TRUMP: The drug industry has been disastrous. They`re leaving left and
right. They supply our drugs but they don`t make them here. They`re
getting away with murder.

TIRRELL: Today, reports the president may be getting close to action.

BRENT SAUNDERS, ALLERGAN CEO: One thing that we hear is on the table for
an executive order is a directive by the Trump administration to move
towards a value-based contracting for pharmaceutical purchasing. I think
that is a good positive, constructive outcome for the industry and for
patients.

TIRRELL: The news came as health care executives and investors met in
Minneapolis for the Piper Jaffray Heartland Summit, where discussions from
drug pricing —

DAVE RICKS, ELI LILLY CEO: One issue we`re talking a lot about is the
difference between list prices of medications which are widely reported and
what actually net prices are and how consumers, individual consumers in
high deductible plans in particular are paying the list price and why
should they be paying that.

TIRRELL: To health reform.

JOSEPH SWEDISH, ANTHEM CEO: It`s possible without the right kinds of
changes with respect to funding levels and other regulations associated
with the Affordable Care Act, that we may have to exit certain markets,
because those markets are not sustainable.

TIRRELL: Trump`s plan for a potential executive order aren`t yet clear.
But Allergan`s CEO Brent Saunders says they could be a positive for the
drug industry, by focusing not on pricing but not transparency within the
system.

SAUNDERS: We pay those rebates to lower the cost of drugs. That`s why the
industry pays them. And so, having them more directly lower the cost of
drugs I think is a good thing and ultimately will lead to a more clear and
transparent system.

TIRRELL: Such an executive order could be a boon to pharmaceutical stocks,
experts said, as an alternative to measures like direct government
negotiation over drug pricing.

Still, uncertainty in health care abounds. Health insurer Anthem, for
example, just made the decision to withdraw from insurance marketplaces in
Ohio.

SWEDISH: Sort of decisions have not been made to further strengthen or
stabilize that marketplace. Net-net, we`ve come to a sort of a fork in the
road in terms of our inability to serve our communities.

TIRRELL: Observers hope for more clarity in the coming weeks as
Republicans in the Senate hammer out their version of health reform.

For NIGHTLY BUSINESS REPORT, I`m Meg Tirrell in Minneapolis.

(END VIDEOTAPE)

BREWER: A court has ordered another environmental review of the Dakota
Access Pipeline. The judge ruled that federal officials largely complied
with environmental law, but did not adequately consider all of the issues.
That ruling is considered a win for environmentalists. The oil industry
says it`s not concerned about any long-term disruption to the pipeline
which began moving oil this month.

SORKIN: Oil prices are down this week on supply concerns. But that`s not
the only obstacles industry is facing. Cybersecurity experts say the oil
and gas infrastructure is a target of hackers and if successful could
potentially shut down or disrupt production.

Andrea Day has our story.

(BEGIN VIDEOTAPE)

ANDREA DAY, NIGHTLY BUSINESS REPORT CORRESPONDENT: An industry on alert.

EDDIE HABIBI, PAS FOUNDER & CEO: Boards are concerned because the attacks
do affect the reputation. So, ultimately, it affects shareholder value.

DAY: The biggest risk, experts say, trade secrets like drilling techniques
and bids for locations.

ADNAN AMJAD, DELOITTE PARTNER, US CYBER THREAT RISK MANAGEMENT: The core
advantage that gas companies had over their competitors.

DAY: How much is this data worth?

AMJAD: The data is worth billions of dollars.

DAY: Adnan Amjad and Eddie Habibi work directly with oil and gas companies
to help secure data from cyber attacks.

Is it more exposed now?

AMJAD: Oh, absolutely.

DAY: He says that`s because the same technology that gives workers remote
access to well sites and pipelines can also open the door for hackers
around the world.

AMJAD: Nation state actors have gotten access to this technology without
necessarily investing the billions.

DAY: How much of this is actually reported?

AMJAD: Most of it is not.

DAY: Unless personal information like Social Security numbers are
breached, oil and gas companies are not required to report attacks.

AMJAD: Most oil and gas companies do not like to acknowledge the fact that
they`ve lost intellectual property where they`ve invested billions of
dollars.

DAY: The Department of Homeland Security responded to 59 cybersecurity
incidents in the energy sector last year. That`s up 28 percent from the
year before. But experts say that`s just a small share of what`s really
happening.

AMJAD: Most oil and gas companies have been subject to an attack. It
takes about 200 days for an enterprise to determine that they`ve been
breached. And by the time you determine you`ve been hacked, the person who
has been taking the information is long gone.

DAY: The trade groups that represent the industry turned down a request
for interviews. But Homeland Security says it`s very aware of the
situation and working closely with the industry, quote: While the majority
of the nation`s critical infrastructure is owned and operated by the
private sector, we`ve worked to build a strong partnership with owners and
operators, and information sharing is a key part of this work.

And experts say as more companies connect online, things could get worse.
A recent study released by Siemens and the Ponemon Institute says 68
percent of oil and gas cybersecurity workers believe their organization has
experienced at least one cyberattack.

I`m Andrea Day for NIGHTLY BUSINESS REPORT.

(END VIDEOTAPE)

BREWER: Kroger cut its profit outlook for the year, and that`s where we
begin tonight`s “Market Focus”.

The nation`s largest supermarket operator cited intensifying competition of
falling prices, cutting into profits as reasons for the warning.

(BEGIN VIDEO CLIP)

MICHAEL SCHLOTMAN, KROGER CFO: In the quarter, we had about 20 basis
points of deflation, excluding fuel. That was a little bit less deflation
than the prior year, and the prior quarter. But keep in mind, that`s
deflation on top of deflation.

(END VIDEO CLIP)

BREWER: As for its latest results, the company did post better than
expected sales and earnings that matched analysts` estimates. Shares,
though, were hammered, losing 19 percent to $24.56.

Sales of Bob Evans fell short of estimates even as the food distributor
said customers spent more on lower priced higher margin products. Despite
the miss, the company did manage to report earnings that beat street
expectations. Bob Evans also reiterated its sales guidance for fiscal
2018. Shares were off 4 percent to $68.99.

And steel maker Nucor said it expects earnings to fall and miss
expectations this quarter. It blamed weaker demand from increased
competition. Nucor shares fell more than 7.5 percent on the news to
$54.60.

SORKIN: Late yesterday, drug maker Mylan said the Food and Drug
Administration requested more information regarding the company`s generic
version of Teva Pharmaceuticals` multiple sclerosis treatment. Mylan is
expecting a decision on its application for the drug this month. The news
rattles investors, concerned about a possible delay. Mylan`s shares were
down more than 2 percent to $36.98. The news sent shares of Teva initially
higher today, but they too finished down albeit fractionally to $30.43.

And a regulatory filing revealed that the Department of Justice recently
launched a civil and criminal investigation into Booz Allen Hamilton`s cost
accounting and indirect cost charging practices with the U.S. government.
The accounting firm says it hasn`t uncovered deficiencies through its
auditing but is cooperating with the investigation. Following that news,
shares of Booz Allen Hamilton initially plunged in afterhours trading and
ended the regular session down marginally to $39.33.

BREWER: The most popular 401(k) funds are crowded with some of the most
popular and right now most volatile names in tech. The top three funds are
loaded with tech names like Facebook, Amazon, Apple, Alphabet, the parent
company of Google. And Vanguard Wellington, Fidelity Contrafund, and the
Fidelity Growth Company.

What does it mean for you?

Ken Mahoney, CEO of Mahoney Asset Management joins us now to discuss this.

Ken, good to see you.

Let`s put this in perspective. Over the year, tech is up about 18 percent.
But we have completed earlier this week the biggest two-day slide in tech
of the year. How concerned should people be about how much they`re
invested in tech in their 401(k)s?

KEN MAHONEY, MAHONEY ASSET MANAGEMENT CEO: I think they should be
concerned. Look, the FANG stocks, you know, Facebook, Amazon, Netflix,
Google, the very kind that shareholders, most consumers, we use these
services everyday. So, it feels kind of crowded. It seems like everybody
in this leadership names because the leadership quite frankly is pretty
narrow, right?

So, what we really want to do is start looking at these portfolios and
start diversifying. Look what`s happened in the last few days. I said
last two days, even last Friday, when at one point the NASDAQ was down 172
points, there seems to be rotation. So, most investors may stay in this
party too long. So, they may want to rotate, much like the money managers
are rotating, into some other investments that get better diversification.

SORKIN: Ken, but these are mutual funds. And it`s worth noting —

MAHONEY: Right.

SORKIN: — that there are lots of other stocks, when you think about
something like the Fidelity 500 Index that are included here. So, how
should you think about it in that context?

MAHONEY: So, in that context, you know, a lot of investors, 401(k)
investors, you know, have these different funds in different choices. Most
people kind of, you know, they go through and see the best five-year
return, click, click, click, and not look what`s inside those portfolios.

Again, the S&P 500 is well-diversified, I get that. But a lot of other
funds that are really concentrated in these FANG like stocks, with
technology like stocks because that`s where the action is, and money
managers kind of drift over there, too. So, it`s kind of like money
manager drift to where the hotspot is and investors also kind of drift also
to where performance is. So, I think for — I`m sorry.

BREWER: Well, Ken, I`m just wondering then, are there some other stocks,
other tech stocks that are getting overlooked here? Because there`s so
much focus on the FANG stocks. When you look at this — 74 percent of the
tech sector stocks are outperforming in the marketplace now.

MAHONEY: Right.

BREWER: Where should people be looking if they want to invest in tech but
without some of the volatility?

MAHONEY: Yes. You know, investors can look at some P/E ratios and try to
simplify. I mean, those are not paying too much more. But the old
technology, Microsoft, Intel, they still have great earnings. Yes, you
know, in a strong market, you may not get a full upside. But in a down
market, investors are going to cling to those that have better P/E ratios,
you know, better ratios as far as value is concerned.

BREWER: All right. And what`s your best advice about how much we should
spend — how much should be allotted to tech in our 401(k)?

MAHONEY: Probably 20, 25 percent. You know, any more than that, you`re
really overly concentrated, overly weighting that area. So, right now,
again, it`s high volatility, as you mentioned.

BREWER: Yes.

MAHONEY: If the market goes higher, you`re going to get the biggest bang
for your buck. But if we do correct, and you know, there`s some feeling
here we may have a little correction here with everything that`s going on,
you know, these are the names that are going to come down first.

BREWER: Ken Mahoney with Mahoney Asset Management — Ken, thanks.

SORKIN: When we come back, turning a stadium into a high tech playground.

(BEGIN VIDEO CLIP)

JULIA BOORSTIN, NIGHTLY BUSINESS REPORT CORRESPONDENT: I`m Julia Boorstin
at the StubHub Center here in Southern California, where they`re making
improvements ahead of the fall football season. We`ll give you a look at
the most cutting edge technology being deployed at live venues like this
one. That`s coming up on NIGHTLY BUSINESS REPORT.

(END VIDEO CLIP)

(MUSIC)

BREWER: Facebook is ramping up its use of artificial intelligence to
combat terrorist content on its site. In a blog post today, the company
said it would use things like image matching and language tools quickly to
identify and then take down questionable posts. Facebook and other social
media sites have faced mounting pressure to do more to remove extremist
content.

And Amazon is reportedly interested in buying corporate chat room platform
Slack. Now, “Bloomberg” reports that the startup could be worth at least
$9 billion, giving it the potential to be Amazon`s largest purchase yet.
Slack would bolster Amazon`s enterprise services business. It would also
added though that the discussions about a possible deal may not continue.

BREWER: With so many options for home entertainment, people may not be as
eager to leave their living rooms and attend an event. That`s why some
stadiums are turning to all kinds of technology to make the trip and the
high cost of tickets worthwhile.

Julia Boorstin is in Carson, California.

(BEGIN VIDEOTAPE)

BOORSTIN: Stadiums around the country are embracing a range of new high
tech tools. The new Sacramento Kings Golden 1 Center is taking it to the
next level. It`s got roving security robots. It uses big data analysis to
maximize ticketing and streamline traffic. Plus, it has an app that puts
control in consumers` hands.

VIVEK RANADIVE, SACRAMENTO KINGS OWNER: Just as you have a remote control
that controls your TV, the phone becomes your remote control. So, now,
everything can be done through that remote, whether it`s ordering food,
it`s connecting with friends, adjusting the temperature. Even if your kid
drops a hot dog, we`ll get you a new hot dog before your kid starts crying.

BOORSTIN: The Golden 1 Center is leading a nationwide trend, cloud
startups VenueNext and Built.io worked with arenas and stadiums to build
mobile apps with new tools to control every part of the stadium experience.

Here in the StubHub Center, they`ve installed a new JumboTron and state of
the art LED ribbon boards, waiting for the Los Angeles NFL, the Chargers,
to start playing here in the fall.

They`re also ramping up security as venues across the country look for new
ways to make sure that their visitors are safe.

Beyond airport-like metal detectors and bag checks, venues are starting to
tie tickets to mobile devices or even finger prints and iris scans to make
it easier to check attendees against a security watch list.

MICHAEL DOWNING, PREVENT ADVISORS: Part of it is the fan experience,
right? We really don`t want this to look like an occupying army. We don`t
want it to look like a prison. We want it to be a joyful experience for
somebody to come and relax and come and be entertained.

BOORSTIN: And for those who can`t make it to an event, NextVR live stream
events to virtual reality headsets, in partnership with Live Nations for
concerts and the NBA for games. I watched the finals from right behind the
net.

DAVID COLE, NEXTVR CEO: With VR, anyone can attend a game anywhere in the
world. I think there are over 300 million NBA fans in China, which most of
those will never be able to attend a game. So, this gives incredible reach
for a live experience and the markets otherwise wouldn`t have it.

BOORSTIN: As for whether live stream VR could threaten ticket sales,
NextVR CEO Cole says it might actually drive interest if a fan was wowed by
a virtual view of a concert or game.

For NIGHTLY BUSINESS REPORT, I`m Julia Boorstin in Carson, California.

(END VIDEOTAPE)

BREWER: That`s incredible. You would have such reach to so many fans
around the world.

SORKIN: Would you ever go to a game again?

BREWER: Why would you?

That`s NIGHTLY BUSINESS REPORT for tonight. I`m Contessa Brewer. Thank
you for watching.

SORKIN: I`m Andrew Ross Sorkin. Have a great evening, everyone. We`ll
see you tomorrow.

END

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