Transcript: Nightly Business Report – August 25, 2017

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

SUE HERERA, NIGHTLY BUSINESS REPORT ANCHOR: Powerful storm. Hurricane
Harvey intensifies with Texas its target. Refiners are shut, oil output
has been cut, ports and businesses are closed, and the aftermath could
ripple through the economy.

Roll back regulations? Not so fast says the Fed chair, making a forceful
defense of the rules governing Wall Street, at an influential meeting of
central bankers.

The money fight. The big bucks behind what could be one of the most
lucrative matches in history.

Those stories and more tonight on NIGHTLY BUSINESS REPORT for Friday,
August 25th.

Good evening, everyone, and welcome. I`m Sue Herera. Tyler Mathisen is
off tonight.

We begin with Hurricane Harvey, a massive storm that strengthened into a
category 3 this afternoon. It is now barreling towards Texas and the
center of American energy activity.

The Texas Gulf Coast is home to as much as half of the nation`s oil
refining capacity. The area hosts pipelines that carry oil and gas to the
rest of the country. Ports in that region have been closed, preventing
goods from getting where they need to go.

And to help put the potential economic impact into perspective, about 3-1/2
percent of total U.S. GDP is estimated to be made up in the state of Texas.
Millions of people live in and around cities like Houston and Galveston and
Corpus Christi, and that is where Jackie DeAngelis is for us tonight.

(BEGIN VIDEOTAPE)

JACKIE DEANGELIS, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): The
eye of Hurricane Harvey approaching the coast of Texas. Some people have
evacuated already, others have not, stocking up on food and hunkering down
their homes to be ready for the storm.

SANDRA VARELA, CORPUS CHRISTI RESIDENT: My father`s handicap and my
parents are pretty old, so financially, we don`t have the money to go ahead
and take that ride out of town. So, we`re going to go ahead and stick it
out here, you know, and we got sandbags ready. We`ve got our food for
almost a week now. We`ve got water. We`ve got everything we need.

DEANGELIS: The mayor of Corpus Christi under scrutiny because he did not
force an evacuation, the evacuations here were voluntary.

MAYOR JOE MCCOMB (R), CORPUS CHRISTI, TX: When you trigger a mandatory
evacuation it triggers a lot of things particularly for the business
community and for our businesses in this community that means what it just
it is required if we call for a mandatory that means you`ve got to start
loading up patients and hospitals, our children`s hospitals our nursing
homes and transporting them somewhere. And that really creates a hardship
on a lot of people.

DEANGELIS (on camera): Of course, Corpus Christi is known for housing five
refineries. Those will be important to the energy markets in the coming
days. Also, the port here critical, now closed.

JOHN LARUE, EXECUTIVE DIRECTOR, PORT OF CORPUS CHRISTI: After the storm
passes, it will still take several days for us to get back and operating.
I would expect — if this is as severe as they`re calling — it will be
midweek until we`re back running full speed.

DEANGELIS: For those who haven`t left, it could be a rough few days. This
storm is expected to hover and they need to hunker down.

For NIGHTLY BUSINESS REPORT, I`m Jackie DeAngelis, Corpus Christi, Texas.

(END VIDEOTAPE)

HERERA: So, how much of an economic ripple could we get from Hurricane
Harvey?

Gus Faucher is the chief economist at P-N-C Financial Group, and he joins
us now to discuss.

Welcome, Gus. Nice to have you here.

You know, when I hear words —

GUS FAUCHER, P-N-C FINANCIAL GROUP CHIEF ECONOMIST: Thank you, Sue.

HERERA: — when I hear words like catastrophic, massive, I mean, this is
no ordinary storm certainly. What do you anticipate might be the economic
impact of it?

FAUCHER: Well, I mean, obviously, we`re going to have to see how much
damage there is. But there`s a potential for enormous damage. The Houston
area economy is the fourth largest metropolitan area economy in the United
States. It`s home to a lot of refining plans. It`s home to a lot of
ports.

And so, there is the potential for a huge amount of economic disruption if
the storm is as bad as it appears it might be.

HERERA: Yes, one of the things that they`re talking about is what Jackie
DeAngelis just mentioned, the fact that once it makes landfall, it could
linger for some days that many are saying. So, does that change the
equation? It makes it harder for businesses to reopen, it makes it tougher
for people to get — that have left — to get back to their homes.

FAUCHER: Absolutely, and also, that increases the potential for economic
damage throughout the United States. So, if the refineries are shut down
for an extended period of time, that means less gasoline production in the
U.S. We could see gasoline prices move a lot higher.

If the ports are shut down, that means fewer goods moving through them.
So, it`s also — you know, it`s not just the local economy but there is
some potential for significant effects on the U.S. economy as well.

HERERA: Yes, we saw some of that with Superstorm Sandy, although probably
not to as great an extent because of the refining capabilities and the
gasoline prices. What kind of an impact — economic impact do you think
arise in gasoline prices might have?

We talked to the chief economist with GasBuddy last night and he suggested
maybe up to a 15 percent — a 15 cent move in gasoline prices.

FAUCHER: I mean, we certainly could see a significant spike in gasoline
prices. It`s — that is, you know, if we don`t have significant permanent
damage, then that should quickly come down. So, I don`t think that should
be a huge problem for consumers, but certainly, if consumers are paying
more for gasoline, that means they have less money to spend on other goods
and services. So, depending on how long that spike lasts, it could be a
problem for consumer spending and in the third quarter of this year.

HERERA: All right. Gus, thank you very much. Gus Faucher with P-N-C
Financial Group.

The world`s most powerful central bankers are meeting at their annual
gathering hall in Jackson Hole. Today, the Federal Reserve chair spoke and
while she didn`t talk about interest rates, she did have a warning for
Washington and its push to roll back financial regulations.

Steve Liesman has more.

(BEGIN VIDEOTAPE)

STEVE LIESMAN, NIGHTLY BUSINESS REPORT CORRESPONDENT: Flanked by the
president of the European Central Bank and the governor of the Bank of
Japan, Janet Yellen took what might have been her final stroll as chair of
the Federal Reserve in Jackson Hole on Friday. Her term is up in January.

And while President Donald Trump had said she`s under consideration for
reappointment, her speech on financial regulatory reform here may not have
helped her case. With the president who has said he wants to do a, quote,
big number on the Dodd-Frank Financial Reform Act, Yellen cautioned against
rolling back the essential reforms from the crisis. Yellen said they`ve
made the financial system more stable and improved the banks in economic
growth.

She said it may be more difficult for some borrowers to obtain credit, but
that overall, lending was growing in line with the economy, contradicting a
direct statement by the president about the need to reduce regulations.
Yellen did concede that some rules could be reformed for example those
about small and medium-sized banks.

In the CNBC interview, Fed Governor Jay Powell disagreed there was a
conflict now between the administration and the Fed.

JAY POWELL, FEDERAL RESERVE GOVERNOR: We need to protect the important
fundamental reforms — higher capital to higher liquidity, stress testing,
resolution planning, that sort of thing. But at the same time, she said
clearly that we`re committed to reviewing the reforms to see whether
they`re effective and where there can be improvement. She said that
several times in her speech.

And that`s exactly what we`ve been doing. We`re looking at improvements,
you know, for — to lighten the regulatory burden for small banks and I`ve
got their long list of things that we`re working for. These are common-
sense reforms to achieve effective regulation but without unnecessary
burden.

LIESMAN: Yellen made no comment on monetary policy, but ECB President
Mario Draghi did. He said that an easy monetary policy was still needed in
Europe and that the European recovery was still in its early stage that the
ECB should be patient in reversing policy. Markets have been anticipating
some announcement about the ECB easing off on the accelerator later this
year. But Draghi chose not to make that news here in the Teton Mountains
in Jackson Hole.

For NIGHTLY BUSINESS REPORT, I`m Steve Liesman in Jackson Hole, Wyoming.

(END VIDEOTAPE)

HERERA: On Wall Street, stocks mostly rose, lifted by high dividend-paying
stocks after Federal Reserve chair Janet Yellen offered few clues about the
path of monetary policy in her speech today. The Dow Jones Industrial
Average rose points 30 points to 21813, the Nasdaq was off five, and the
S&P 500 added four. The Dow notched its first weekly gain in three, the
Nasdaq and the S&P 500 were also higher on the week.

Investors pulled money from U.S. equity funds for the tenth straight week,
marking the longest stretch in years. According to Bank of America
(NYSE:BAC) Merrill Lynch, total outflows since the end of June now stand at
$30 billion. Some market watchers say that the political deadlock in
Washington is casting doubt on the market rally. For much of the year
money that`s been leaving the U.S. stocks has found a home in Europe.

Well, the economy got some not so good news today. Orders for durable
goods fell more than 6-1/2 percent, the most in nearly three years.
According to the Commerce Department, the decline was led by a drop in the
volatile category of civilian aircraft, but there was some positive news
within that report, a gauge of business investment rose last month.

President Trump will start publicly campaigning for tax reform next week.
That`s according to the president`s top economic advisor Gary Cohen. He
made the statement in an interview with “The Financial Times” where he also
criticized the president for his response to Charlottesville.

Eamon Javers is at the White House tonight.

(BEGIN VIDEOTAPE)

EAMON JAVERS, NIGHTLY BUSINESS REPORT CORRESPONDENT: National Economic
Council Director Gary Cohn offered some insights into the tax reform
proposal from here at the White House. In an interview published in “The
Financial Times” this morning, in it, Gary Cohn suggested that the big
three deductions, that is charitable mortgage and retirement savings
deductions, will all likely be protected in the new tax reform effort. He
says that the team that`s working on the proposal envisions imposing a one-
time repatriation tax on offshore corporate earnings, but he said that
Congress ultimately will decide which corporate tax deductions stay, and
which will go.

He added that they`re no longer discussing the so-called Border Adjustment
Tax. They`ve decided to move away from that proposal.

Cohen also addressed his future here at the Trump White House saying that
he had been under pressure from a lot of sides to either stay or resign his
post in the wake of the president`s handling of the Charlottesville,
Virginia racial violence. Cohn saying, though, he is inclined to stay on
the job.

For NIGHTLY BUSINESS REPORT, I`m Eamon Javers at the White House.

(END VIDEOTAPE)

HERERA: Still ahead, looking for stocks that could double their dividends?
Our market monitor has some recommendations.

(MUSIC)

HERERA: The White House has ordered a new round of economic sanctions on
Venezuela. The order bars U.S. citizens and banks from buying new bonds
from the Venezuelan government or its state oil company. The sanctions
come as the Trump administration steps up its criticism of Venezuela`s
President Nicolas Maduro.

(BEGIN VIDEO CLIP)

STEVE MNUCHIN, U.S. TREASURY SECRETARY: Let me be clear: today`s action is
focused on restricting the regime`s access to American debt and equity
markets. Maduro may no longer take advantage of the American financial
system to facilitate the wholesale looting of the Venezuelan economy at the
expense of the Venezuelan people.

(END VIDEO CLIP)

HERERA: At the same news conference, Secretary Mnuchin also commented on
the debt ceiling. He said it will be raised in September and that after
talks with congressional leaders from both parties, everyone is, quote, on
the same page.

The de facto chief of Samsung has been found guilty of bribery and other
corruption charges. The billionaire son of Samsung`s ailing chairman was
sentenced to five years in prison. That was less than the 12 years that
prosecutors sought. His attorneys plan to appeal and it is unclear who
will lead Samsung if he is in prison.

Samsung`s businesses are estimated to account for about 15 percent of South
Korea`s economy.

As we reported, the housing market had a lousy week. A number of reports
showed a sharp slowdown and there`s a chance things could get worse.

Diana Olick looks at some of the challenges the real estate market could be
facing.

(BEGIN VIDEOTAPE)

DIANA OLICK, NIGHTLY BUSINESS REPORT CORRESPONDENT: I want to start with
some cold hard facts about today`s housing market. There are houses for
sale but not nearly enough. There is high housing demand but more and more
potential buyers are struggling to afford down payments, and home price
gains are accelerating again.

Home builders are not putting up enough homes they`re not even back to
normal historical levels of production nor are they shifting significantly
to entry-level models. Add all that up and you see why sales are now
slumping.

But there are two more things that could make matters worse in the next six
months: higher mortgage rates. Yes, they`ve been sitting near year lows
and all the talk of higher rates hasn`t happened yet. But the Federal
Reserve is going to shrink its balance sheet of mortgage bonds and if
inflation rises, it could taper even more. Both of which will push rates
higher.

Then, there`s the emotionally and politically popular mortgage interest
deduction. It`s never on the table, except maybe now. House Speaker Paul
Ryan suggested it could be improved and industry insiders say the Treasury
is already considering cutting the current cap of $1 million in mortgage
debt in half. That would only hit about 4 percent of taxpayers who
benefit, but could take a much bigger bite out of confidence in the housing
market.

Bottom line: if the market doesn`t see significantly more supply in the
coming months, which is not expected, affordability will weaken even more
and keep even more potential buyers on the sidelines.

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

(END VIDEOTAPE)

HERERA: And to read more about housings potential challenges, head to our
Website, NBR.com.

Big Lots (NYSE:BIG) lifts its earnings guidance for the year, and that`s
what we begin tonight`s “Market Focus”.

An increase in furniture sales helped the discount retailer grow sales and
profit, with both results coming in ahead of street targets. Same store
sales also rose and they were better than expected. But shares still fell
nearly 1 percent to $49.61.

Adamas Pharmaceuticals said it`s medication for treating a side-effect
caused by a commonly prescribed drug for Parkinson`s disease was given the
green light by the Food and Drug Administration. It is the first drug of
its kind to win regulatory approval. So, the shares surged 40 percent to
$19.93.

The drug maker Novo Nordisk (NYSE:NVO) said the FDA has cleared its
diabetes drug as a treatment to lower the risk of heart-related diseases.
The company said this is the first time the agency has approved a diabetes
treatment for reducing heart complications in patients with type 2
diabetes. Novo Nordisk (NYSE:NVO) shares were up 1 percent to $46.13.

And shares of GameStop continued to fall today following the video game
retailer`s earnings miss, which was after the bell yesterday. Revenues
topped estimates and the company also reported a surprise rise in same
store sales. That wasn`t enough to impress investors though. Shares
plunged nearly 11 percent to $19.40.

Time now for our market monitor who likes companies he says are growing
their dividends. The last time he was on was in January and he recommended
U.S. Bancorp (NYSE:USB) which is up 3 percent, United Airlines, which is
down 14 percent, and Valero, which is three percent higher.

Bob Phillips rejoins us, managing principal at Spectrum Management Group.

Welcome back, Bob. Nice to have you here.

BOB PHILLIPS, MANAGING PRINCIPAL, SPECTRUM MANAGEMENT GROUP: Thank you,
Sue. Thanks for having me.

HERERA: Before we get into your recommendations, I`d like kind of a broad
swath picture of the market from you. There are divisions on the street.
Most agree that we had a pretty good earnings season, but others are
saying, yes, we did, but the market is either fully valued or maybe even
slightly overvalued.

How do you feel about it?

PHILLIPS: Yes, I think I would agree with most those assessments. I mean,
it`s been a good earning season. The question is, can earnings keep
drawing at the same rate going forward?

By practically all historical measures, the market is fully valued, in most
cases, overvalued. But you`ve got to put that in context of where interest
rates are. Interest rates are still very, very low. We don`t see policies
changing that are — that will cause, you know, midterm to long term rates
to rise. Short term rates, yes, with the Federal Reserve and the Central
Banks possibly raising short-term rates. But long rates won`t go anyplace.

HERERA: All right.

PHILLIPS: And that`s going to keep evaluations onto stocks.

HERERA: Let`s get to your stock picks. Last time you liked Valero, you
still liked it, and you still hold it. Why?

PHILLIPS: Yes. You know, Valero, it`s only up 3 percent year-to-date.
People lose sight of what`s happening when they look at the S&P and what`s
happening to the index returns. But Valero`s dividend has grown by about
17 percent over a year ago, and that all happened just this year. So, we
invest for individual investors.

Individual investors need cash flow typically at some point in life, and
most people don`t recognize the fact that companies that consistently grow
in dividend. That strategy outperforms practically any other investment
strategy over time. So —

HERERA: Does Valero have any exposure in the Gulf of Mexico with Hurricane
Harvey bearing down there?

PHILLIPS: Yes, it`s good question. They have huge exposure. They`ve been
through many hurricanes in the past. They`ve got vital services and
products they provide. So, they could be — probably will be shut down for
some period of time with their operations there. But they`re spread around
the country and they will come back.

HERERA: OK.

PHILLIPS: And we believe they can keep growing that dividend going
forward.

HERERA: Accenture next on the list. You like its new services, digital
cloud and the like.

PHILLIPS: Yes, correct. So, as we look at where sales growth has been
consistent the last few years and where we`ll be in the future, it`s been
coming out of the technology sector. So, you know a theme for us is find
companies that can benefit from all the things happening in technology.

So, Accenture is a consulting company. They provide consulting services to
business to get involved with the cloud, to digitize business and those
services for them grew double digits the last 12 months. The dividends not
terribly high right now, about 2 percent. So, we think they can grow that
by 12 percent per year going forward.

HERERA: All right. Now, an indirect play on technology, Digital Realty.

PHILLIPS: Yes, Digital Realty. You know, we call Digital Realty the
company that actually houses the cloud. They buy the real estate that
holds all the equipment and many of the service companies that make the
cloud work. They`ve got a big presence in the U.S. and they`re moving out
internationally, and they`ve got a long runway ahead of them. You know,
again it`s 3 percent plus dividend that we think can keep growing by high
single digits going forward.

HERERA: On that note, Bob, thanks so much. Have a great weekend.

PHILLIPS: Thank you, Sue.

HERERA: Bob Phillips with Spectrum Management Group.

Floyd Mayweather and Conor McGregor will battle in a boxing ring this
weekend and it will likely be the most viewed combat sport event in
history. And as Jane Wells reports from Las Vegas, there`s big money
behind this much-hyped fight.

(BEGIN VIDEOTAPE)

JANE WELLS, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): The
Mayweather-McGregor fight has been hyped with a road show.

FLOYD MAYWEATHER, UNDEFEATED (49-0) BOXER: That`s a $3 million fighter.
It`s $800 million fighter.

WELLS: A spectacle backed by spectacular money.

CONOR MCGREGOR, UFC LIGHTWEIGHT CHAMPION: I`m going to outbox this man at
his own game.

MAYWEATHER: After 21 years, I`ve been hit with everything and I`m still
right here.

WELLS: But this unique event had better deliver, especially for Showtime.

STEPHEN ESPINOZA, SHOWTIME SPORTS EVP: I don`t think anybody really
thought this was going to happen, but Floyd wouldn`t let it go.

WELLS: Forty-year-old Floyd Mayweather, undefeated in 49 fights, came out
of retirement to take on UFC phenom Conor McGregor who`s never boxed. Pay-
per-views could set a record, topping a half billion dollars, and both
boxers stand to make more money than they ever have. Estimates have
Mayweather`s purse in the $300 million range. McGregor could make $100
million, three times what he`s made his entire UFC career.

So much hinges on the pay-per-view money coming in right before the fight.

ESPINOZA: It`s a little bit of a game of chance and it is a nail-biting
experience.

WELLS (on camera): The odds suggest it`s not even a contest. Mayweather
is heavily favored, but so many people are betting on McGregor that if the
Irishman pulls an upset, Vegas sports books will lose millions.

But would it be the worst thing ever to happen in this area?

JAY ROOD, MGM RESORTS INTERNATIONAL RACE/SPORTS VICE PRESIDENT: It would
be, without a doubt.

WELLS (voice-over): Jay Rood runs MGM Resorts (NYSE:MGM) sports book and
he sees a silver lining even if he takes a bath on a miraculous win by
McGregor.

ROOD: We`re going to have people lining up to cash tickets those people
are going to spin around. They`re going to go out to the casino. They
might play some table games. They might go to dinner. They might go to a
show that they wouldn`t have gone to.

WELLS (on camera): If McGregor wins, bad for MGM?

BILL HORNBUCKLE, MGM RESORTS INTERNATIONAL PRESIDENT: No, great rematch
hopefully.

WELLS (voice-over): MGM Resorts (NYSE:MGM) president Bill Hornbuckle calls
the fight Las Vegas` Super Bowl, which will bring in $150 million to the
community, and security is tight.

HORNBUCKE: In today`s environment, yes, there`s heightened security here,
and anything of this scale that we do, I think any way you would put this
in the world not just Las Vegas.

WELLS: But Sin City`s biggest bet right now is that Saturday night will
deliver a real fight, not a farce.

For NIGHTLY BUSINESS REPORT, Jane Wells, Las Vegas.

(END VIDEOTAPE)

HERERA: Coming up, meet the entrepreneur who started his first venture as
a team and grew it into a big business. Tonight`s “How I Made My
Millions”, next.

(MUSIC)

HERERA: Here`s a look at what to watch for next week.

On Monday, Amazon (NASDAQ:AMZN) Whole Foods merger is expected to close.
Along with that will come lower prices at Whole Foods stores. On Friday,
the major automakers will release their monthly sales numbers and also on
Friday, the government releases its employment reports for August. And
that`s what to watch for next week.

Apple (NASDAQ:AAPL) is considered one of the most valuable brands in the
world. Its stock is up nearly 40 percent this year alone, and that is
great news for entrepreneur Larry O`Connor who built his business off of
the tech giant`s success. Tyler has his story in tonight`s “How I Made My
Millions”.

(BEGIN VIDEOTAPE)

TYLER MATHISEN, NIGHTLY BUSINESS REPORT (voice-over): Chances are, you`ve
never heard of Larry O`Connor or his business, Other World Computing. But
its products can be found in millions of computers around the globe.

LARRY O`CONNOR, JR., CEO, OTHER WORLD COMPUTING: We ship literally
thousands of pieces out of this facility each and every day. So, it`s
very, very busy.

MATHISEN: The Illinois-based company sells and manufactures Mac-related
hardware and software, as well as refurbished computers and do-it-yourself
kits, all through its Website, Macsales.com.

L. O`CONNOR, JR.: 2016 revenue was $120 million and now, we`re looking the
growing at 10 percent to 20 percent this year.

MATHISEN: Larry`s fascination with the technology started in his early
teens, the day his dad Larry Sr. brought home an Atari personal computer.

LARRY O`CONNOR, SR., FATHER: I gave it to him. I`m not exaggerating. It
was like touching a match to gasoline.

L. O`CONNOR, JR.: And it became kind of my gateway into a very different
world.

MATTHEWS: In 1998, at age 14, Larry started his first computer-related
venture, working on printer ribbons from a tiny office inside his dad`s
barn. But his focus soon changed to the computer itself.

L. O`CONNOR, JR.: It was sort of self necessity. I needed more memory. I
needed more storage.

MATHISEN: The precocious teen started buying parts and souping up his
Apple (NASDAQ:AAPL) computer all by himself.

L. O`CONNOR, JR.: And I said, you know, not only can I do this myself but
I can help others do this.

MATHISEN: He wasn`t thinking of making money from it, but in 1989, after a
shortage of memory chips sent prices soaring, the young entrepreneur
figured out how to sell the chips for less and offer them online, where no
one asked his age.

L. O`CONNOR, JR.: I was a kid and they didn`t know I was a kid. You know,
the beauty of the Internet, this is America Online back in that day.

MATHISEN: That`s not to say it was easy, especially in 1990 after Larry
expanded his inventory and started making his own products and moved out of
the barn.

L. O`CONNOR JR.: Instantly locally broken and stole a bunch of inventory,
didn`t have business insurance and learned that things that don`t kill you
and they make you stronger.

MATHISEN: And it did, all the way through high school.

L. O`CONNOR, JR.: When I went to college, that beyond that, it almost
destroyed me.

L. O`CONNOR, SR.: Business got to a point where had to make a decision,
either focus on school or focus on the business.

MATHISEN: So he dropped out, set up a Website and expanded manufacturing.

L. O`CONNOR, JR.: I didn`t think about it becoming a multi — I mean the
other organization. I mean, it was I`m building going and keep growing it.

MATHISEN: By 2008, Other World Computing or OWC opened this nearly 40,000
square foot facility in Woodstock, Illinois. And today, the company
employs 230 workers across three campuses in Illinois, Nevada and Texas.

Larry attributes his success to repaying debts and never relying on outside
investor.

L. O`CONNOR, JR.: There`s been no private equity. We had bank loans to
help support inventory growth and accounts receivable, but they`d had to be
profitable. If it wasn`t profitable, we wouldn`t be here.

(END VIDEOTAPE)

HERERA: Larry says he`s on track to grow Other World Computing into a half
billion dollar business over the next five years. We`ll keep track of him.

That is NIGHTLY BUSINESS REPORT tonight. I`m Sue Herrera. Thanks so much
for watching. Have a great weekend, and we will see you on Monday.

END

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Business Report is not and should not be considered as investment advice.
(c) 2017 CNBC, Inc.

 

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