Transcript: Nightly Business Report – November 6, 2017

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

TYLER MATHISEN, NIGHTLY BUSINESS REPORT ANCHOR: Mouse meet Fox? Disney
(NYSE:DIS) and 21st Century Fox discuss a deal to move some Fox assets into
the mouse house. Media stocks swirl on the reports. What such a deal
would mean for moviegoers, television viewers and investors.

SUE HERERA, NIGHTLY BUSINESS REPORT ANCHOR: Day of deals. Broadcom
(NASDAQ:BRCM) goes after Qualcomm (NASDAQ:QCOM) for more than a hundred
billion dollars. But might Apple (NASDAQ:AAPL) complicate things?

MATHISEN: And new danger. Alone in a house with a stranger — that`s the
daily routine of real estate agents who are now turning to a new app to
help keep them safe.

Those stories and more tonight on NIGHTLY BUSINESS REPORT for Monday,
November 6th.

HERERA: Good evening, everyone, and welcome.

A landmark deal in the tech industry. We told you Friday it was likely to
happen and today it did. We`ll get to that story in just a moment.

But we begin tonight with deal buzz in another sector, the media sector.
As first reported by CNBC, 21st Century Fox has recently been in talks to
sell most of its assets to Disney (NYSE:DIS). Even though the talks have
ended, it shook the sector and sent a number of stocks in this beaten-down
group higher. Twenty-First Century Fox rose nearly 10 percent, Disney
(NYSE:DIS) was up 2 percent, Viacom (NYSE:VIA), Discovery and CBS
(NYSE:CBS) also rose.

David Faber broke the story.

(BEGIN VIDEOTAPE)

DAVID FABER, NIGHTLY BUSINESS REPORT CORRESPONDENT: Twenty-First Century
Fox has been holding talks to sell most of the company to Walt Disney
(NYSE:DIS), leaving behind a media company tightly focused on news and
sports according to people familiar with the situation.

Now, the talks have taken place over the last few weeks and given their
complexity, it continues to be seen as a tough deal to get done by those
who`ve been working on it. The two sides are not currently talking it at
this very moment. But given the on-again off-again nature of the talks,
they could be revisited, particularly given the market`s favorable response
to the deal since we broke news of the talks.

For Fox, the willingness to engage in sale talks with Disney (NYSE:DIS)
stems from a growing belief amongst its senior man that scale and media is
of immediate importance and that there is not a path to gain that scale in
entertainment through acquisition. The company is said to believe that a
more tightly focused group of properties around news and sports could
compete more effectively in the current marketplace.

It also is evidence of its dwindling hopes for buying the 61 percent of
BSkyB that does not already own. Now, that deal already enduring
significant scrutiny from U.K. regulators.

The media landscape has changed considerably in recent years, giants such
as Facebook (NASDAQ:FB), Google (NASDAQ:GOOG), Amazon (NASDAQ:AMZN) and
Netflix (NASDAQ:NFLX) are changing the way people consume media and
dominating the digital distribution of digital video content. Being able
to compete in that changing landscape, many people believe requires scale.

Now that is scaled that Disney (NYSE:DIS) does have but 21st Century Fox
may not. For Disney (NYSE:DIS), the opportunity to take control of another
movie studio and significant TV production assets as it readies to direct
to consumer entertainment streaming offering is attractive as is Fox`s
significant exposure to international markets such as the U.K., Germany and
Italy, both through its networks and its 39 percent ownership of BSkyB.

Disney (NYSE:DIS) recently announced it will pull all of its movies from
Netflix (NASDAQ:NFLX) and will establish to direct to consumer offerings,
one for sports and one including its key franchises such as “Star Wars” and
Marvel.

Disney (NYSE:DIS) also would not purchase all of Fox. People with
knowledge of the talks tell me the company would not buy the Fox broadcast
network. It wouldn`t buy Fox`s sports programming assets given the
antitrust implications of that deal. It wouldn`t buy the FOX News or
Business Channel. Disney (NYSE:DIS) also not interested in buying Fox`s
local broadcasting affiliates.

So, in fact, the assets left behind contribute what seems to be a larger
portion of the overall company`s cash flow than those that would be sold.
In addition to the movie studio though, TV production, international
assets, Star, Sky, Disney (NYSE:DIS) also adding entertainment network such
as FX and Nat Geo.

Now, the contemplated structure of the deal or the price that has been
discussed could not be obtained. Officials at Disney (NYSE:DIS) and Fox
declined to comment.

For NIGHTLY BUSINESS REPORT, I`m David Faber at the New York Stock
Exchange.

(END VIDEOTAPE)

MATHISEN: Robert Luna joins us now to discuss what a potential Disney
(NYSE:DIS) and 21st Century Fox deal could mean for the ever changing media
landscape.

Robert, welcome. Good to have you with us.

Obviously, these talks are in a very embryonic stage. They may not even be
going on right now, according to Faber. It`s pretty clear that those talks
such as they did exist were defensive on the part of Fox. Are they
offensive on the part of Disney (NYSE:DIS) or defensive for them as they
try and protect against Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN)?

ROBERT LUNA, SUREVEST WEALTH MANAGEMENT CEO & CIO: Well, it`s interesting
that you say that Tyler because I think this is right now a shot right from
Bob Iger, the CEO of Disney (NYSE:DIS), at Reed Hastings, the Netflix
(NASDAQ:NFLX) CEO. So, as was mentioned prior, all their content was just
pulled out of Netflix (NASDAQ:NFLX), and with the direct-to-consumer
offering, I think it`s a realization so somewhat offensive end defensive by
Bob Iger and Disney (NYSE:DIS) that they`re going to need to create a more
robust offering for that to be able to succeed on its own merit.

So, I think grabbing things like “Avatar (NASDAQ:AVTR)” and “X-Men” from
Fox is something that they`re going to need to do to be able to compete.

HERERA: From an investor`s standpoint, if the deal is structured as David
Faber reported it right now, with the details that we know, is this a good
deal for the stock prices of those companies and therefore investors?

LUNA: I believe so, right, because you have to be a good operator in this
new media network here and that`s really what Disney (NYSE:DIS) is, and
their ability to acquire properties like they have with Lucas, like they
have with Pixar, and immediately monetize those as proven.

So, I think if you look at Disney (NYSE:DIS) stock up today, obviously, if
you look at Fox up 10 percent because I think the realization from
investors there is they don`t have the scale and again, it all comes back
to content.

So when you even look this is transcendent over into the telecom space,
when you look at two telecom companies today, AT&T (NYSE:T) and Verizon
(NYSE:VZ), while they were both down, Verizon (NYSE:VZ) was the one that
really got hit because AT&T (NYSE:T) with DirecTV and the talks with Time
Warner (NYSE:TWX) has more of the content that we`re talking about where
now if Disney (NYSE:DIS) is pulling Fox off the market, that leaves Verizon
(NYSE:VZ) a very vulnerable space. So, they were down over 4 percent in
today`s tape.

MATHISEN: And the bleed through into other media stocks as soon noted
moment ago was pretty, pretty significant. Viacom (NYSE:VIA), CBS
(NYSE:CBS) and others moving up, Discovery, on the idea that there will be
more deals to put scale together.

LUNA: Well, there really has to be and we saw last year the deal between
Viacom (NYSE:VIA) and CBS (NYSE:CBS) fell apart and I think that left
companies like especially Viacom (NYSE:VIA) in a very vulnerable position.
So, I think investors are bidding some of these companies up on the fact
like you said Tyler, that there will be further consolidation. You know,
that`s a double-edged sword though. There`s going to be winners and losers
in that. So, broadly buying these companies could be, you know, a tough
way for investors to get (ph).

MATHISEN: All right. Robert, thank you so much. Robert Luna with
Surevest Wealth Management.

LUNA: Thank you.

HERERA: And now to that landmark tech deal. Broadcom (NASDAQ:BRCM) wants
to buy Qualcomm (NASDAQ:QCOM) for about $105 billion. If completed, it
would be the largest technology takeover ever, creating the third-largest
chip maker right behind Intel (NASDAQ:INTC) and Samsung. The sheer size of
this deal has the potential to change the electronics industry. There are
it reports that Qualcomm (NASDAQ:QCOM) will reject the unsolicited offer
but has so far only said that it`s assessing the proposal. Shares of both
companies rose today, extending Friday`s run up.

But the tie-up could get complicated for another reason, and that is Apple
(NASDAQ:AAPL). Josh Lipton explains.

(BEGIN VIDEOTAPE)

JOSH LIPTON, NIGHTLY BUSINESS REPORT CORRESPONDENT: Qualcomm (NASDAQ:QCOM)
has a few very important customers, including suppliers to Apple
(NASDAQ:AAPL), that generate a significant amount of revenue for the
company. But Qualcomm (NASDAQ:QCOM) and Apple (NASDAQ:AAPL) are now locked
in a nasty legal fight. The dispute is about how much Apple (NASDAQ:AAPL)
should have to pay Qualcomm (NASDAQ:QCOM) for its patented technology,
which allows phones to connect to wireless networks.

Qualcomm (NASDAQ:QCOM) wants a percentage of the iPhone selling price.
Apple (NASDAQ:AAPL) wants to pay something closer to a flat fee. So what
would a Broadcom (NASDAQ:BRCM) deal mean for Qualcomm`s fight with Apple
(NASDAQ:AAPL)?

A combined company would be a technology powerhouse and that means it could
have that much more pricing power, perhaps squeezing customers like Apple
(NASDAQ:AAPL) for more money. But some say the more likely outcome would
be Broadcom (NASDAQ:BRCM) CEO Hock Tan striking a new deal with Apple
(NASDAQ:AAPL). Tan, who was just at the White House, could capitalize on
his relationship with the iPhone maker. After all, Broadcom (NASDAQ:BRCM)
already supplies critical components to the iPhone franchise, including the
technology that enables wireless charging. If Broadcom (NASDAQ:BRCM)
really does end up buying Qualcomm (NASDAQ:QCOM), perhaps Tan could
convince Apple (NASDAQ:AAPL) CEO Tim Cook to put an end to this fight by
cutting a new long-term contract with him.

Tan is, of course, well-aware of how important Apple (NASDAQ:AAPL) is to
Qualcomm (NASDAQ:QCOM). It`s estimated that if Apple (NASDAQ:AAPL) is lost
as a customer, it could hurt its bottom line.

Certainly, Cook doesn`t seem to have much love left for Qualcomm
(NASDAQ:QCOM) at this point. When asked recently about whether Apple
(NASDAQ:AAPL) needs Qualcomm (NASDAQ:QCOM) to keep making and selling those
premium devices, Cook simply responded: no.

For NIGHTLY BUSINESS REPORT, I`m Josh Lipton, San Francisco.

(END VIDEOTAPE)

MATHISEN: Intel (NASDAQ:INTC) and AMD are usually rivals, but today, they
are teaming up to battle Nvidia. A new laptop computer chip will combine
Intel`s processor and AMD`s graphics unit. That will help laptops run
intensive video games, a factor that sells those devices in a very
competitive market. And Nvidia, known for its work in the artificial
intelligence industry, is also considered the standard bearer in gaming
semiconductors. Shares of AMD up 7 percent. Dow component Intel
(NASDAQ:INTC) and Nvidia were also higher.

So, let`s turn now to Dan Ives to talk more about the recent activity in
the chip sector and if he sees it continuing. He is the chief strategy
officer and head of technology research at GBH Insights.

Nice to see you, Dan. Welcome.

DANIEL IVES, HEAD OF TECHNOLOGY RESEARCH, GBH INSIGHTS: Great to be here.

HERERA: So what do you think is behind all this activity and especially
this latest deal with Broadcom (NASDAQ:BRCM)? It`s a huge deal obviously.
But what`s driving these companies to merge or acquire each other?

IVES: Yes, I mean, this is a game-changing move. I think Broadcom
(NASDAQ:BRCM) really sees a Qualcomm (NASDAQ:QCOM) in a positional weakness
here with the Apple (NASDAQ:AAPL) legal fight, as well as some fundamental
headwinds. And I think really when you going forward, it`s going to be a
secular growth market. It`s about them getting bigger.

They view this is a window of opportunity for them to really put a leg up
against guys like Intel (NASDAQ:INTC) and AMD. So, this is a strictly
offensive move and Broadcom (NASDAQ:BRCM) is in a position of strength
here, Qualcomm (NASDAQ:QCOM) is in a position of weakness.

MATHISEN: Qualcomm (NASDAQ:QCOM) at $70 a share. Do you think that`s the
price that gets it done?

IVES: Oh no. I mean I view in terms of a bull sort of scenario that would
sort of get this done in a $75 to $80 range. So, I view this as a game of
high-stakes poker. It`s just started $75 to $80 is where I could see a
deal getting done, even though there`d be significant regulatory approval
to get forward.

HERERA: I was just going to ask you, is that the main roadblock here?

IVES: Well, I think there`s two. I mean, regulatory is definitely going
to be a big roadblock here. Potentially, they have to divest some assets.
But then it comes back to shareholders.

I mean, you got Qualcomm (NASDAQ:QCOM), the Apple (NASDAQ:AAPL) situations
have been a nightmare. You`ve seen the stock neatly underperforming on
their semi stocks. So, it really comes down to shareholders where
fundamentally they think the value is. I think at $70, it`s doesn`t get
done. I think if they come back at a higher price, that`s where I think
this becomes a serious deal that ultimately could get consummated and would
ultimately change the landscape not just the semis but across tech.

And I think Cupertino and Cook are watching this very closely, as they play
a major role in it.

HERERA: I think they probably are. Thank you so much, Dan. Appreciate
it.

IVES: Thanks.

HERERA: Dan Ives with GBH Insights.

MATHISEN: Well, today`s deal-making talk lifted sentiment and sent all
three major us equity indexes to records energy shares also rose as oil
prices rallied. Here are the closing numbers. The Dow Jones Industrial
Average added nine points to finish at 23548. Nasdaq rose 22, S&P up
three.

HERERA: President Trump is in Asia, finishing up his visit to Japan with
some tough talk on trade. His next stop is South Korea. Kayla Tausche is
in Seoul tonight.

(BEGIN VIDEOTAPE)

KAYLA TAUSCHE, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): After a
weekend of golf, fine dining and diplomacy, President Trump got down to
business.

DONALD TRUMP, PRESIDENT OF THE UNITED STATES: We`re making tremendous
progress I believe on trade.

TAUSCHE: Addressing U.S. and Japanese companies defending his decision to
ditch the Trans Pacific Partnership on his third day in office. Japan is
now trying to salvage it.

TRUMP: We will have more trade than anybody ever thought of under TPP,
that I can tell you. TPP was not the right idea, probably some of you in
this room disagree, but ultimately, I`ll be proven to be right. We will
have much bigger trade with the way we`re doing it right now, and it`ll be
a much less complex situation.

TAUSCHE: In the meantime, bilateral talks are slow going. Last month, an
agreement for Idaho potatoes and Japanese persimmons, but Trump wants a
bigger win.

TRUMP: Virtually no cars go from the United States into Japan.

TAUSCHE: Auto companies are already taking a page from Trump`s playbook,
building factories and creating jobs in the United States. Denso, a
billion dollar plant in Tennessee. Toyota (NYSE:TM) and Mazda, a $1.6
billion plant and up to 4,000 jobs.

TRUMP: That`s big stuff. Congratulations. Come on. Let me shake your
head.

TAUSCHE: The trip represents a tour through the U.S.`s top trading
partners overseas, looming over the economic agenda, increasing tensions
with North Korea and a diplomatic strategy that may come up empty.

H.R. MCMASTER, NATIONAL SECURITY ADVISOR: But the president recognizes
that we`re running out of time and we`ll ask all nations to do more.

TAUSCHE: In South Korea, peaceful protests await the president, some
welcoming his arrival and military protection. Others blaming him for
provoking war with Pyongyang.

(on camera): Three days in, President Trump has dialed back his rhetoric
toward North Korea, but ratcheted up his signature tough talk on trade.
The White House says the breadth alone of this trip, the longest for a U.S.
president in a quarter century, shows his commitment to the region.

For NIGHTLY BUSINESS REPORT, I`m Kayla Tausche, Seoul, South Korea.

(END VIDEOTAPE)

MATHISEN: Still ahead, one of the world`s richest and most recognizable
investors is caught up in a corruption back down.

(MUSIC)

MATHISEN: The president of the New York Fed, William Dudley, will retire
next year before the end of his tenure term. It was scheduled to expire in
January 2019.

Mr. Dudley also made news today by cautioning elected leaders not to go too
far in dismantling financial regulations put in place after the financial
crisis a decade ago. In a New York speech, he left room for some tweaking
but said that too much change could expose the economy to renewed risks.

Mr. Dudley`s position is a very important one. The president of New York
Fed always votes at policy meetings. The board of the New York Fed chooses
the next president.

HERERA: Well, you may have heard about something called the “Paradise
Papers”. It is a trove of leaked documents made public yesterday by a
group of about 100 media organizations. They show how some of the top
politicians and celebrities get around paying taxes, often using offshore
funds that are not illegal. The papers also reportedly show how state-run
Russian companies funded large investments in Twitter and Facebook
(NASDAQ:FB), and have led to some questions surrounding Commerce Secretary
Wilbur Ross.

Eamon Javers has more.

(BEGIN VIDEOTAPE)

EAMON JAVERS, NIGHTLY BUSINESS REPORT CORRESPONDENT: Another astonishing
data breached, this one reminiscent of last year`s “Panama Papers”, this
time they`re calling it the “Paradise Papers”.

Here`s what we know about this incident: about 700 million documents of a
law firm called Appleby which has offices in Bermuda have been taken and
given over to a German newspaper. They were then shared with an
international consortium of investigative journalists and they provide a
rare insight into the global offshore financial world.

More than 120 politicians and global royal rulers have been identified in
this treasure trove of documents. One of the people coming under scrutiny
here is Wilbur Ross, the secretary of commerce here in the United States.
Ross shares business interests, NBC News reported, with Vladimir Putin`s
immediate family.

Ross failed to clearly disclose those interests when he was being confirmed
earlier this year. He retains his interest in a shipping company called
Navigator Holdings and it`s Navigator Holdings that had a real business
relationship with a Russian energy firm that was controlled by Vladimir
Putin`s son-in-law.

Nonetheless on CNBC today, Wilbur Ross said he had done nothing wrong.

WILBUR ROSS, COMMERCE SECRETARY: There`s nothing wrong with it at all. I
think is just an example of the press trying to find anything they can,
however remote or silly, to attack the president and somehow linked him to
Russia. This is nonsense. T

JAVERS: There`s no indication at this point as to who stole the documents
in question. The law firm here says that it was the victim of an illegal
computer hack.

For NIGHTLY BUSINESS REPORT, I`m Eamon Javers in Washington.

(END VIDEOTAPE)

MATHISEN: CVS (NYSE:CVS) Health beats expectations, and that`s where we
begin tonight`s “Market Focus”.

The drugstore chains pharmacy business processed more claims in the quarter
and that helped overall results, edged past analysts` estimates. But same
store sales fell as the company struggle to get more shoppers into its
locations. CVS (NYSE:CVS) didn`t comment on reports it may buy the health
insurer Aetna (NYSE:AET), but it did say it plans to offer next day
delivery for prescriptions and retail products starting next year. CVS
(NYSE:CVS) shares were off percent at $66.80.

Valeant said it would sell Sprout Pharmaceuticals after former Sprouts
shareholders expressed dissatisfaction with how Valeant marketed its female
libido drug. Valeant bought Sprout and its Addyi medication just two years
ago for a billion dollars but hasn`t seen the drug put up any kind of
impressive sales numbers. The price of the deal not disclosed.

Valeant shares up nearly 5 percent at $12.04.

And Mylan (NASDAQ:MYL) said weaker North American sales of its EpiPen
caused overall revenue to come up short. The drug maker also missed profit
estimates and earlier than expected approval for Mylan`s generic multiple
sclerosis treatment prompted the company to raise the low end of its sales
and profit forecast for the year. Mylan (NASDAQ:MYL) shares up more than 4
percent $37.39.

HERERA: Despite reporting a drop in profit due to higher expenses, the
drug distributor Cardinal Health (NYSE:CAH) still managed to top estimates.
Revenue was disappointing as low generic prices hurt results. Cardinal
also said its CEO will step down next year and the company`s chief
financial officer will take his place. Shares fell nearly 2 percent to
$60.25.

Sprint and T-Mobile have called off merger talks, marking the second time
in three years the companies have walked away from a potential deal with
each other. The company said that they were unable to agree on terms.
Sprint shares were off 11-1/2 percent to $5.90. T-Mobile shares were down
5 percent to $55.54.

Michael Kors decision to offer fewer discounts is paying off for the
handbag maker. The company reported results that improved from a year ago
and said it was raising its guidance for fiscal 2018. Shares of Michael
Kors popped 14 percent to $54.62.

After the bell, Red Robin Gourmet swung to a profit, but it missed street
expectations. Sales grew at the restaurant chain, but those results also
disappointed. The shares plunged in after-hours trading, but ended the
regular day up just a fraction to $67.05.

MATHISEN: Well, as we mentioned, oil prices rose today and got a lift in
part because of a corruption crackdown in Saudi Arabia. Caught up in the
crackdown was Saudi Prince Alwaleed bin Talal, an influential businessman
with stakes in companies like Twitter, Citigroup (NYSE:C) and Lyft.

Hadley Gamble is in Riyadh.

(BEGIN VIDEOTAPE)

HADLEY GAMBLE, NIGHTLY BUSINESS REPORT CORRESPONDENT: It was a major purge
of the rich and the powerful here in Saudi Arabia over the weekend, a
sweeping crackdown on big business, current and former government ministers
and even members of the royal family. Possible charges include corruption,
money laundering and abuse of power.

One of the most prominent names on the list, billionaire investor Alwaleed
bin Talal. As a member of the Saudi royal family, he`s also chairman of
Kingdom Holdings, with some high-profile investments in the likes of
Twitter, Citigroup (NYSE:C) in the Four Seasons Hotel. As Kingdom Holdings
shares traded down for a second day, the company released a statement with
the CEO claiming the company had the full support of the Saudi government.

The ongoing investigations seem to be gaining traction on Monday as local
news reports cited Saudi authorities as already freezing some of the assets
of those involved and while many Saudi analysts say this is a major power
play by the crown prince to solidify his base, the crown prince himself
says this is about tackling corruption from the top down, something he has
to do if the country is going to have a real shot at attracting foreign
investment. And the message is clear: no one is above the law.

For NIGHTLY BUSINESS REPORT in Riyadh, I`m Hadley Gamble.

(END VIDEOTAPE)

HERERA: Coming up an app, that more realtors are using not to sell homes
but to stay safe.

(MUSIC)

MATHISEN: You may soon find more discounted items on Amazon (NASDAQ:AMZN)
ahead of the holiday season. The company will cut the price of some
products from third-party sellers and will cover the cost. Amazon
(NASDAQ:AMZN) historically only discounted items it sells directly. This
is one reason why some suppliers chose not to sell on Amazon (NASDAQ:AMZN),
so that they can control their own pricing strategies.

HERERA: A new technology is raising the alarm about a crime affecting both
real estate agents and people hoping to sell their homes. It is offering
what could be a life-saving solution. Diana Olick has that story.

(BEGIN VIDEOTAPE)

DIANA OLICK, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): Being a
real estate agent has never been the safest job. After all, you`re meeting
strangers in empty houses. But now, the risk is even higher due to the
nation`s opioid crisis.

JAMES REILLY, FOREWARN CEO: When you`re talking about potentially opening
up access to a home, right, to an environment where prescription drugs may
lie right in a medicine cabinet of a house that`s listed for sale, with
doing no vetting or checking on an individual and giving them access to
that house, I think we`re feeding into a crisis by creating these channels
of easy access to drugs.

OLICK: Reilly, a CEO of Forewarn, a new company offering real estate firms
and licensed agents deep background checks on clients using high-level
government regulated data from its parent company Cogent (NASDAQ:COGT).
Not just criminal history but financial and other personal information, all
on desktop or mobile app.

It`s the kind of thing San Antonio realtors Janice Tisdale wishes she had
had back in 2010. She was hit over the head by an admitted drug addict who
had booked a tour with her at a $750,000 home. He then held her hostage
demanding money.

JANICE TISDALE, PHYLLIS BROWNING CO. REALTOR: I had Googled him that day,
or not that day, but the week prior, and I couldn`t find anything out about
him. And so, it just made me feel very uncomfortable about him.

OLICK: Tisdale convinced her assailant to go to his car to get paper she
said she would sign a note saying he didn`t hurt her. When he did, Tisdale
ran. Thankfully, she found a group of kids nearby who led her to a police
officer.

TISDALE: He held me hostage on the porch for 45 minutes, and it was a very
scary situation.

OLICK (on camera): Forewarn CEO says his technology is not just about
raising a red flag but perhaps a yellow flag, so if even the basic
information a client gives the agent isn`t true, the agent will know not to
show up at the meeting alone.

REILLY: This is proactive rather than reactive, right? So, in terms of
the yellow flags as we call them, that a agent may see when running
Forewarn on an individual, maybe first of all that the phone number doesn`t
match who the individual says they are.

OLICK (voice-over): Tisdale agrees the more information the better.

TISDALE: I guess I always thought I was aware, but you never think it`s
going to happen to you and it does, it can, and it did.

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

(END VIDEOTAPE)

HERERA: And that is NIGHTLY BUSINESS REPORT tonight. I`m Super Herera.
Thanks for joining us.

MATHISEN: Thanks for me as well. I`m Tyler Mathisen. Have a great
evening, everybody. And we will see you tomorrow night.

END

Nightly Business Report transcripts and video are available on-line post
broadcast at http://nbr.com. The program is transcribed by ASC Services II
Media, 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) 2017 CNBC, Inc.

 

This entry was posted in Transcripts. Bookmark the permalink.

Leave a Reply