Transcript: Nightly Business Report – November 10, 2017

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

TYLER MATHISEN, NIGHTLY BUSINESS REPORT ANCHOR: Winning streak ends. The
Dow and S&P 500 break their longest stretch of weekly gains in four years.
What happened, why and what might be next?

Taking aim? Disney (NYSE:DIS) makes moves to take on a behemoth in the
digital space, Netflix (NASDAQ:NFLX). We`ll tell you what they are up to
and how they are going about it.

Sales spike. Alibaba`s singles day event is the biggest shopping day of
the year in China and maybe in the world. Last year, nearly $20 billion
was brought in and even more is expected this year. We`ll take you there.

All that and more tonight on NIGHTLY BUSINESS REPORT for Friday, November
10th.

Good evening, everyone, and welcome.

Sue Herera is off on this very chilly night in New York. But it was not
dramatic, it was not overly stressful. In fact, there were record highs
along the way. But when the bell was rung today and books were closed,
winning streaks were snapped on Wall Street.

The Dow and S&P 500 had their first weekly losses in two months. And the
Nasdaq posted its first weekly loss in a month and a half. As for today,
the Dow lost 39 points to finish at 23,422. Nasdaq actually eked out the
slimmest of gains and the S&P dropped two.

Dom Chu tells us what happened this week and what may be next.

(BEGIN VIDEOTAPE)

DOMINIC CHU, NIGHTLY BUSINESS REPORT CORRESPONDENT: Stocks can go down in
value, though it`s been such a long time since we`ve seen any kind of
downside move that many have forgotten that.

To be fair, it wasn`t like it was a massive panic-stricken sell-off in
stocks. After all, the Dow did hit a record high just on Tuesday. But
it`s been a slower drift lower since. The Dow and S&P 500 broke an eight-
week winning streak and the Nasdaq snapped a six-week string of gains.

Real estate and consumer staples related stocks were among the biggest
winners. Meanwhile, financial and telecom stocks were among the biggest
laggards. Traders and investors were very focused on results from big
retailers, like Macy`s (NYSE:M) and Kohl`s (NYSE:KSS) and Nordstrom
(NYSE:JWN), as well as developments on the push for tax reform out of
Washington, D.C.

Some of the market`s weakness was being put on disappointment over the
Senate`s initial stab at its own version of tax legislation. Next week, in
addition to all of the headlines out of Washington, investors will also be
watching a handful of important earnings reports as the season winds down,
including 17 S&P 500 companies, three of which are members of the Dow Jones
Industrial Average. You`ve got computer networking equipment maker, Cisco
(NASDAQ:CSCO) Systems. Also home improvement retailer Home Depot (NYSE:HD)
and retail giant Walmart.

We`ll also get economic data on inflation, retail sales and housing starts
among others. In other words, plenty of things the market could move on
but will it?

For NIGHTLY BUSINESS REPORT, I`m Dominic Chu.

(END VIDEOTAPE)

MATHISEN: So, let`s now take a deeper dive into where things stand in the
stock market, and here to give us his thoughts on that is Matt Maley. He`s
the market strategist and managing director at Miller Tabak.

Matt, always great to see you.

Is this market feeling a little tired or is it just a little tired, or is
it breaking down in any meaningful way?

MATT MALEY, MANAGING DIRECTOR, MILLER TABAK + CO.: Well, before I answer
that question, I have to say very quickly, thank you to all of the veterans
out there and hope to have a great Veterans Day tomorrow and great weekend.

But to answer your question directly, I think it`s getting a little tired.
Breaking down, I mean, like Dom said, we hit a new high just a couple of
days ago and the S&P I think is down less than a half a percent from its
all time highs.

But we are starting to see some problems in the marketplace. You know,
we`ve talked about — we`ve heard about stretch valuations for quite some
time and that`s a concern. But more recently, you know, we`re starting to
see a breakdown in the Russell 2000, which has been, you know, that tapped
out a month or two before the rest of the market topped out last time we
had a correction in 2015.

MATHISEN: Right.

MALEY: Same thing with the high yield market. It`s starting to roll over
a little bit. And then, of course, all these concerns about what we`re
going to get on tax reform side. So, there`s some reasons to think we
might see a pullback.

MATHISEN: You do watch the high yield bond market. Why do you think it is
rolling over the way it has been and is it sometimes a precursor of what
could happen next in stocks?

MALEY: Well, one of the reasons — there are some reasons that it`s
rolling over a little bit here that might not be a problem because we see
some of the telecom stocks and with the AT&T (NYSE:T) — I`m sorry, the
merger with AT&T (NYSE:T) and stuff, that might be a problem — one of the
skewing issues that`s taking place in that market.

But the thing is it has come down quite a bit.

MATHISEN: Right.

MALEY: And the problem with that is that we saw it very, very narrow
spreads between treasury markets. In other words, you weren`t getting very
much yield for the risk, the added risks you`re taking to be in that high
yield market. Let`s face it, its nickname is the junk bond market.

And when yields start to go up it shows that people are willing to take
less risk.

MATHISEN: Right.

MALEY: When that starts — it starts to show up, frequently starts to show
up first in the high yield market, and then tends to spill on the other
ones. So, if we see further weakness there, it could be a problem.

MATHISEN: So, what are you doing in the portfolios that you or your
company runs? What are you telling your clients to do?

MALEY: Well, I think right now, one of the things to do is take a little
bit of few chips off the table. I mean, let`s face it, we had this
unbelievable run in the stock market since 2009. And even just this year,
it`s had a great run.

And the thing is, 10 percent corrections have not been eliminated. They
were coming — the next time it happens, it`s been so long since we even
had a 3 percent pullback. I think people might start to panic a little bit
when it gets down 10 percent.

The thing is, they are normal. They`re healthy. And if you got a little
bit of cash on the sidelines, you`ll be less likely to panic and bail out
at the wrong time and instead buy on that kind of weakness.

MATHISEN: All right. Matt, thank you very much and we echo your thoughts
about our vets. Matt Maley with Miller Tabak.

Well, Disney (NYSE:DIS) was one of the biggest gainers on the Dow today.
The rise follows the earnings we told you about last night, although
earnings missed. It was the conference call that made the stock move up.
On it, company CEO Bob Iger talked about a new star wars trilogy and new
app that would be cheaper than Netflix (NASDAQ:NFLX).

Julia Boorstin has more on strategy that will pit current content partners
against each other.

(BEGIN VIDEOTAPE)

JULIA BOORSTIN, NIGHTLY BUSINESS REPORT CORRESPONDENT: Disney (NYSE:DIS)
CEO Bob Iger laying out a vision for new kind of digital company, in which
the media giant doesn`t rely on TV distributors, but takes its content
direct to consumers, using the technology from its recently acquired
BAMTech, the streaming video technology company will drive the ESPN app,
which is launching this coming spring and the Disney (NYSE:DIS) streaming
app, which is scheduled to launch in fall of 2019.

BOB IGER, CHAIRMAN & CEO, WALT DISNEY COMPANY: Our goal here is to be a
viable player in the direct to consumer space, space that we all know is
very, very compelling space to be in. We also believe that our brand in
our franchises really matter as we`ve seen through Netflix (NASDAQ:NFLX)
and all other platforms.

BOORSTIN: Iger saying that the Disney (NYSE:DIS) app will be priced
substantially below Netflix (NASDAQ:NFLX), because it will launch with less
content than Netflix (NASDAQ:NFLX). And as Disney (NYSE:DIS) adds more
volume, its price will reflect that.

But Iger says the goal is to attract as many subscribers as possible and
Disney (NYSE:DIS) is putting some of its most popular brands on that app,
as it pulls its movies off of Netflix (NASDAQ:NFLX), announcing that it`s
working on an animated series based on Pixar`s popular Monsters, Inc.,
another expanding its High School Musical franchise, and live action “Star
Wars show, exclusive for the new app, giving analysts more reason to be
optimistic.

BARTON CROCKETT, FBR CAPITAL MARKETS: We`re all grasping at straws to
figure out what exactly will be the initial kind of investment that they
make and how to think about the subscriber opportunity. It`s certainly
encouraging about Disney (NYSE:DIS) leading into something that`s going to
be very broadly adopted, price low, Disney (NYSE:DIS) branded content.

BOORSTIN: Some think reports that Disney (NYSE:DIS) is interested in some
of Fox`s brands complained to a strategy to better compete with Netflix
(NASDAQ:NFLX) because it would bolster Disney`s content libraries. Iger
refused to comment on those rumors.

For NIGHTLY BUSINESS REPORT, I`m Julia Boorstin in Los Angeles.

(END VIDEOTAPE)

MATHISEN: And here`s one to keep an eye on after the bell. Hasbro
(NYSE:HAS) has reportedly made a takeover offer for rival Mattel
(NASDAQ:MAT). “The Wall Street Journal” says talks are a result of toy
makers needing to survive as kids turn more and more to gadgets. As for
the size of a deal, Mattel`s market value is $5 billion. Hasbro`s $11
billion. Shares of both companies initially rose when the news broke but
take a look at Mattel (NASDAQ:MAT) popping more than 20 percent.

Well, President Trump fresh off a feel good trip in China, brought his
America first pitch to an economic summit in Vietnam today. Adopting a
harsher tone, the president said the U.S. would not be taken advantage of
on trade anymore.

Kayla Tausche wraps up her coverage from Beijing tonight.

(BEGIN VIDEOTAPE)

KAYLA TAUSCHE, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
President Trump addressing the APEC Summit Friday, a group of 21 nations
representing 51 percent of the global economy. His message? America
first.

DONALD TRUMP, PRESIDENT OF THE UNITED STATES: From this day forward, we
will compete on a fair and equal basis. We are not going to let the United
States be taken advantage of anymore.

I am always going to put America first, the same way that I expect all of
you in this room to put your countries first.

TAUSCHE: Trump taking a harder line on trade came less than a day after
ending a visibly friendly state visit here in Beijing. And as Trump touted
economic nationalism, China`s President Xi carried a torch for
globalization.

Chinese venture capitalist Hugo Shong says the two countries still have
many areas of disagreement but that having the U.S. out of a major trade
deal like the Trans Pacific Partnership, could help the talks.

HUGO SHONG, IDG CAPITAL: I think it`s a good thing. That way China and
the U.S. can figure out all of the concerns and confrontations first. I
think that`s more important as a businessman, priority.

TAUSCHE: Pacific Rim attendees at APEC are still grappling with the
president`s decision early on in his term to withdraw from TPP, which would
have represented 39 percent of worldwide trade. Japan is now spearheading
a new, albeit significantly smaller deal among 11 nations, and could be
agreed as soon as this week should Canada remain committed.

For NIGHTLY BUSINESS REPORT, I`m Kayla Tausche, Beijing.

(END VIDEOTAPE)

MATHISEN: What started out as a Chinese holiday for people to celebrate
their single lifestyle, singles day has become the biggest shopping day in
that country and maybe even the world, thanks to Alibaba. Last year, the
company had $18 billion in singles day sales and today, Alibaba said sales
surged, taking in $1.5 billion in the first three minutes of the event, $5
billion in 15 minutes. Shares of Alibaba were higher on the day.

And Eunice Yoon was in Shanghai for us.

(BEGIN VIDEOTAPE)

EUNICE YOON, NIGHTLY BUSINESS REPORT CORRESPONDENT: It`s the biggest
shopping day of the year in China. Last year, singles day chocked up sales
that were 2.5 times larger than Black Friday and Cyber Monday combined.
And this year, analysts expect that number to rise to as much as $24
billion.

Singles day used to be a day for lonely hearts but in 2009, Alibaba turned
it into a shopping bonanza. This year, 60,000 international brands are
taking part, including 7,000 American ones and that includes Lululemon and
Macy`s (NYSE:M). Last checked, the best American sellers were Apple
(NASDAQ:AAPL), Nike (NYSE:NKE), New Balance, The Gap (NYSE:GPS) and Estee
Lauder.

And the U.S. is the second biggest selling country to the Chinese, for this
event. Now, this Singles Day, Alibaba is not only talking about sales but
it`s also using the event to showcase some of its new initiatives which the
management believes will transform China`s retail market and also change
what Alibaba does in retailing in this country.

Alibaba believes that the way forward is to move beyond e-commerce and
integrate the technology from their online platforms and users into old-
fashioned bricks and mortars. One of the experiments that they are doing
right now is with the supermarket chain called Hema.

Hema is like a high tech Chinese version of Whole Foods and the idea is for
shoppers to use their mobile phones to scan products for more information
and also to place orders online and potentially get these groceries
delivered to their home in 30 minutes, or they could choose to go to the
checkout counter and instead have their faces scanned by a facial
recognition system and that is how they pay. It all sounds very futuristic
but it is happening now in China.

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

(END VIDEOTAPE)

MATHISEN: Coming up, follow the leader. That`s what this week`s market
monitor thinks is a sound strategy for your portfolio. He`ll explain.

(MUSIC)

MATHISEN: Shares of CVS (NYSE:CVS) up solidly today after an analyst
upgraded the stock to buy with a nice price target of $79. The analyst
says even with the looming specter of Amazon (NASDAQ:AMZN) possibly
entering the pharmacy business, CVS (NYSE:CVS) is worth the risk,
especially if it can close on its proposed $66 billion merger with Aetna
(NYSE:AET).

Well, despite all the talk about the end of the Affordable Care Act
exchanges, one might paraphrase Mark Twain, reports of their death have
been greatly exaggerated. That`s because in the first week of open
enrollment, Americans signing up for coverage, the number of them is very
strong.

Bertha Coombs has that story.

(BEGIN VIDEOTAPE)

BERTHA COOMBS, NIGHTLY BUSINESS REPORT CORRESPONDENT: Obamacare is under
fire in Washington but that hasn`t stopped some insurers. Against the
odds, Oscar Health is expanding this year with a new plan in Ohio co-
branded with a legendary Cleveland Clinic.

MARIO SCHLOSSER, OSCAR HEALTH CO-FOUNDER AND CEO: All the members signed
up in the past week since the beginning of open enrollment in Cleveland,
already 25 percent have chosen their primary care physician through the
Oscar mobile app.

COOMBS: Oscar and Cleveland Clinic are trying to be cautious.

STEVEN GLASS, CLEVELAND CLINIC CFO: We`re not looking for this to be too
big the first year. We want to work very closely with Oscar, market this
appropriately.

COOMBS: But now, they are bracing for bigger numbers after Anthem`s exit
from the exchange last summer. They expect to see strong demand for
enrollees with chronic conditions attracted to the health center`s
reputation for high quality care.

GLASS: We expect that we`re going to get some percentage of those lives
coming over to our product.

COOMBS: President Trump`s use of executive orders to undo parts of the
Affordable Care Act, including cutting some subsidy payments spooked
insurers this summer. But the director of the Centers for Medicare and
Medicaid, Seema Verma, says the administration is upholding the law, even
as she disparaged it on a recent Cleveland Clinic visit.

SEEMA VERMA, CMS ADMINISTRATOR: We`re making sure that people are aware of
their choices and their options. But reality is, Obamacare is not working.

COOMBS: This summer`s uncertainty led to high premium increases which will
hit hard for those who don`t get tax credits. The demand has been strong
in the first week of open enrollment. CMS says more than 600,000 people
signed up in the first four days, up 79 percent from a year ago. And for
people who receive subsidies, those higher prices for benchmark plans will
result in bigger tax credits and in some cases lower costs.

KAREN POLLITZ, KAISER FAMILY FOUNDATION: The increase in the tax credit
will be so much it will completely cover the premium for the lowest cost
bronze plan in the marketplace.

COOMBS: While a lot of insurers found their first year in the ACA
individual market to be tough going, Cleveland Clinics expects its
partnership to do better than break-even in 2018.

No matter what happens in Washington.

DR. TOBY COSGROVE, CLEVELAND CLINIC PRESIDENT & CEO: We have to drive
quality and make care for affordable. And those are no regret moves. And
if we keep moving in that regardless of what happens in Washington, we`ll
be OK.

COOMBS: For NIGHTLY BUSINESS REPORT, I`m Berth Coombs.

(END VIDEOTAPE)

MATHISEN: J.C. Penney posts its best results in more than a year and that
is where begin tonight`s “Market Focus”.

The retailer that has been struggling to bring in customers seems to have
overcome that challenge at least for now. Same store sales topped analyst
expectations and were better than even what J.C. Penney initially
forecasted. Earnings and revenue also beat. The company said it is
heading into the holiday season with an aggressive pricing strategy and
tight inventory. Shares took off up 15 percent, but a 15 percent rise
doesn`t get you very far, just $3.17.

Finish Line was downgraded by analysts at Cowan who fear the footwear
retailer`s promotional offerings will pressure margins and relationships
with major brands. Cowan cuts its rating on the stock from market perform
to under perform, also slashed its price target. Finish Line slipped
nearly 9 percent to $9.11.

The software provider Alteryx reported strong revenue growth and as a
surprised quarterly profit. The company said a rise in new customers
helped results. Alteryx also forecast a smaller than expected loss for the
current quarter and shares accordingly jumped nearly 16 percent to $25.30.

Hertz said better pricing in the U.S. helped grow revenues, leading to
stronger than expected profits. The car rental property said it has made
progress in its turnaround plan but cautioned that it is now entering a
seasonally low period of weaker demand and the company also said it plans
to make investments this time as well. Shares were off more than 2
percent. They finished at $19.56.

And General Electric (NYSE:GE) is reportedly planning to cut jobs in its
software unit ahead of its investor day on Monday. The conglomerate said
to be considering layoffs across all of its businesses. On Monday,
shareholders expect more clarity on the company`s growth strategy, a long
awaited meeting. Shares rose 2-1/2 percent to $20.49.

And now to our market monitor, our weekly guest who strictly focusing this
evening on ETFs. He`s got three picks and he says they`re a great way for
investors to take advantage of the strong global growth we`ve seen. It is
his first time on the program and we welcome Jason Browne, chief investment
officer at FundX? FundX.

JASON BROWNE, FUNDX INVESTMENT GROUP CIO: FundX Investment Group, yes.

MATHISEN: FundX Investment Group.

Tell me why you are partial to ETFs as opposed — for individual investors,
as opposed to building a portfolio of individual stocks or maybe manage
mutual funds. What`s the appeal?

BROWNE: Sure, at FundX, one of the things we observed is that market
leadership changes over time. So, sometimes growth strategies lead,
sometimes value strategies and sometimes it pays to invest overseas,
sometimes you`re much better off focusing domestically.

When you investment in the ETF, you`re not only getting diversified
exposure to whatever market you want to get, but you`re able to change your
strategy just by changing by one symbol. You don`t have to changer your
whole portfolio.

MATHISEN: So, you`re going to give us three picks here. Are these picks
you`re comfortable holding or, you know, ETFs, you can trade in and out of
during the day. I assume that`s not what you`re advocating?

BROWNE: Absolutely not. So, we started as a company investing primarily
in mutual funds. And we use ETFs just as any other mutual fund. So, these
are really designed even though you can trade as often as you want.
Usually you do so, at your own peril. Usually, for us, we really want more
of an intermediate —

MATHISEN: So, let`s get to your picks here. And it`s — we`re going to
begin with one that is about as familiar as they come. It is an ETF, the
SPDR Dow Jones Industrial Average, DIA is the ticker symbol.

BROWNE: Sure.

MATHISEN: Why start there?

BROWNE: Main reason I think, right now if nothing else, you shouldn`t be
fighting this market. You`ve got to embrace it in some way, shape or form.
A lot of people might say, why not just buy the S&P 500? Currently, you`re
just better served investing in a more concentrated portfolio, like the Dow
Jones Industrial Average.

MATHISEN: The Dow has done a little better —

BROWNE: It has done better.

MATHISEN: — this year, and certainly, you get the blue chips there.

Next one is iShares MSCI (NYSE:MSCI) Momentum Factor ETF, the ticker MTUM,
123 stocks in it. How were they chosen?

BROWNE: Sure, this is a factor-driven strategy. So, as opposed to the
Dow, which is just buying the market. Here, instead of buying what`s a
cheap stocks, you`re buying stocks that have good momentum on a risk
adjusted basis. Currently, we actually own the same names, but this fund
has done a good job of actually adapting to the changing markets over the
last year. So, initially dividend stocks and mid cap stocks.

MATHISEN: And a quick thought on the final one. That`s the Vanguard FTSE
Europe ETF, VGX, the ticker.

BROWNE: It`s actually VGK.

MATHISEN: VGK, I`m sorry.

BROWNE: No problem.

That gives great exposure to —

MATHISEN: My eyes aren`t what they used to be. Seriously.

BROWNE: To be able to diversify further into Europe. Still owning
household names. You`re owning Nestle, you`re owning HSBC Holdings and so
forth. So, it`s kind of the same thing of global titans and ten-basis
points is an easy way to add Europe exposure to your portfolio.

MATHISEN: You hit on the key point here I think, the low expense ratios
that these funds have.

BROWNE: Sure, low expense ratio is definitely a key factor. I mean, the
only negative thing versus a mutual fund is that the managers don`t get to
pick which thinks they might want to exclude.

MATHISEN: That may be a virtue though.

BROWNE: Many times, absolutely.

MATHISEN: Jason, thank you very much. We appreciate it.

BROWNE: Thank you so much for having me.

MATHISEN: Jason Browne with FundX.

Up next, more Americans are traveling but with hurricanes battering
Caribbean destinations, the travel industry is seeing a bit of a shift.
We`ll explain.

(MUSIC)

MATHISEN: Shares of Hyatt were higher today following an analyst upgrade
that said, the analyst that is, said the company`s asset recycling plan,
which is selling properties to buy new high value ones, could return nearly
$2 billion to shareholders by the end of 2020. And it`s been a good year
for some of the major hotel chains.

Take a look how Hyatt, Wyndham, Marriott and Hilton have all performed so
far. You love returns like that.

And those hot hotel stocks are part of an overall trend in the travel
industry, at least domestic travel. It appears that domestic travel is the
beneficiary of a hurricane ravaged Caribbean.

Seema Mody drew the short straw and is in sunny Miami with the state of
travel.

(BEGIN VIDEOTAPE)

SEEMA MODY, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over): More
Americans are traveling and that`s good for the economy. Domestic travel
is up. New York, Las Vegas, Los Angeles are the most popular destinations.
But as winter approaches and the hurricanes have disrupted many holiday
plans in the Caribbean, south Florida is taking in those visitors.

GREGORY RUMPEL, JILL MANAGING DIRECTOR: Miami is poised to benefit from
some of the disruption in the Caribbean. We have capacity. We obviously
have a great destination. I think we`re more than able to welcome those
displaced travelers into the Miami market.

MODY: According to data from STR, hotel occupancies in Miami are up 8
percent in the last four weeks compared to the same period last year.

ALEX TONARELLI, LOEWES MIAMI BEACH HOTEL MANAGING DIRECTOR: With the
Caribbean and Puerto Rico in their current state and hotels being closed,
we`re definitely benefitting from somewhat we would call positive
compression. If they had plans to go to the Caribbean, to come to South
Florida and come to Miami Beach.

MODY: Ft. Lauderdale and Boca Raton seeing similar demand.

JOHN TOLBERT, BOCA RATON RESORT PRESIDENT: The bookings are gone up.
We`ve seen an increase in demand and we`ve seen length of stay that we
would expect during this period of time. You`re having a lot of people
displaced.

MODY: But there is one worrying trend that travel executives say could
hurt the travel industry — international visits to the U.S. are down.

ROGER DOW, U.S. TRAVEL ASSOCIATION PRESIDENT & CEO: Right now, we`re down
about 3 percent. Every percent is basically you`re talking about $2.5
billion and 5,000 jobs. So, one percent one way or the other has a huge
impact.

MODY: Industry execs say a stronger dollar and policies out of Washington
such as a travel ban are behind the slowdown.

DOW: Middle East is for all intents and purposes not coming here. It`s a
shame because we get some great people to come here. Middle East visitors
spend a lot of money, but right now, their concern is, will I be stopped at
the airport? Will I be embarrassed? So, therefore, we`ve lost a
tremendous amount of business from the Middle East.

MODY (on camera): But so far, domestic travel growth is offsetting the
decline in foreign visitors.

For NIGHTLY BUSINESS REPORT, Seema Mody, Miami, Florida.

(END VIDEOTAPE)

MATHISEN: And finally tonight, tomorrow, as we mentioned at the top of the
show is Veterans Day, a day to thank all of the men and women who served in
the U.S. Armed Forces. And as such, the military was honored at the New
York Stock Exchange today. Members of the services rang the closing bell
and soldiers sang “God Bless America” and there was also a cake-cutting,
since it also the 242nd birthday of the Marine Corps.

And that, folks, is NIGHTLY BUSINESS REPORT for tonight. Thanks for
watching. I`m Tyler Mathisen. Have a great weekend, everybody. And we`ll
see you back here next week, on Monday.

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