Transcript: Nightly Business Report – May 8, 2018

ANNOUNCER: This is NIGHTLY BUSINESS REPORT with Bill Griffeth and Sue
Herera.

(BEGIN VIDEO CLIP)

DONALD TRUMP, PRESIDENT OF THE UNITED STATES: I am announcing today that
the United States will withdraw from the Iran nuclear deal.

(END VIDEO CLIP)

SUE HERERA, NIGHTLY BUSINESS REPORT ANCHOR: The president dismantles the
landmark agreement, reimposing sanctions on Iran`s oil sector. Crude goes
crazy and defense stocks get a lift.

BILL GRIFFETH, NIGHTLY BUSINESS REPORT ANCHOR: Disney (NYSE:DIS) dazzles.
Box office blockbusters drive earnings, but the company may soon find
itself in the middle of a major media battle.

HERERA: Cracking the code. Why your password is the gatekeeper between a
hacker and your personal information.

Those stories and more tonight on NIGHTLY BUSINESS REPORT for Tuesday, May
8th.

GRIFFETH: And we do bid you good evening, everybody.

This was one of those days when Wall Street was fixated on Washington. As
expected, the president did fulfill a campaign promise to withdraw from the
Iran nuclear deal, a six nation agreement in which Iran had agreed to limit
its production of nuclear weapons material. Mr. Trump`s move reinstates
sanctions in defiance of other world leaders and it caused turbulence in
the world market while it was it.

Domestic crude settled down nearly 2.5 percent today on very heavy volume.
Meanwhile, defense stocks moved in the other direction with Northrop,
Raytheon (NYSE:RTN) and Lockheed Martin (NYSE:LMT) rising in today`s trade.

And while we`re at it, stocks finished the day. The Dow rose just 2 points
to 24,360. It had been down 150 points at one time today. The Nasdaq was
up a point, the S&P was down a fraction.

Eamon Javers is at the White House now with more on the president`s
decision.

(BEGIN VIDEOTAPE)

EAMON JAVERS, NIGHTLY BUSINESS REPORT CORRESPONDENT: The president was
widely expected to pull out of the Iran nuclear deal, but the question was,
what level of sanctions would the United States be reimposing on Iran?

The president answered that question in a diplomatic way.

TRUMP: I am announcing today that the United States will withdraw from the
Iran nuclear deal. We will be instituting the highest level of economic
sanction. Any nation that helps Iran in its quest for nuclear weapons
could also be strongly sanctioned by the United States. America will not
be held hostage to nuclear blackmail.

JAVERS: Meanwhile, the new national security adviser John Bolton briefing
advisers after the president spoke, explaining that American companies
won`t be able to enter into new contracts with Iran. The Treasury
Department, he says, will be laying out 90 to 180-day wind-down periods for
any existing contracts that were signed under the previous arrangement.

Meanwhile, reaction pouring in from around the world. In France, President
Macron said France, Germany and the U.K. regret the U.S. decision to leave
the JCPOA otherwise known as the Iran deal. The nuclear nonproliferation
is at stake.

And in Israel, Benjamin Netanyahu saying, Israel thanks Trump for his
courageous leadership and commitment to ensure Iran never gets nuclear
weapons.

The president also said that his new secretary of state is on his way to
North Korea to finalize negotiations for a summit between the United States
and the North Korean leader. The president might have had the North
Koreans in mind when he said this.

TRUMP: Today`s action sends a critical message. The United States no
longer makes empty threats. When I make promises, I keep them.

JAVERS: The implication from President Donald Trump is that agreements
with previous presidents might be withdrawn but agreements signed by him
are agreements he`s prepared to stand by.

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

(END VIDEOTAPE)

HERERA: The resumption of sanctions against Iran could derail tens of
billions of dollars in business deals in that country, and Boeing (NYSE:BA)
is one company that has an awful lot at stake. The world`s largest
aerospace firm has agreements to sell planes to Iranian airlines worth
roughly $20 billion based on list prices, although Boeing (NYSE:BA) had
already pushed back its delivery plans.

The company issued this statement, quote: Following today`s announcement,
we will consult with the U.S. government on next steps. As we have
throughout this process, we continue to follow the U.S. government`s lead,
end quote.

Shares of Boeing (NYSE:BA) moved lower in trading today.

GRIFFETH: And as Eamon reported, reaction from around the world was swift,
especially, as you can imagine, in the Middle East.

Hadley Gamble reports for us tonight from Bahrain.

(BEGIN VIDEOTAPE)

HADLEY GAMBLE, NIGHTLY BUSINESS REPORT CORRESPONDENT: Illegal and
illegitimate, that`s how Iran`s regime is describing a decision by U.S.
President Donald Trump to reimpose the highest level of economic sanctions.
The decision coming just one day following Lebanon`s parliamentary
elections which saw Iranian-backed Hezbollah gaining a major victory.

In his speech to the nation, President Trump described Iran as the leading
state of terror, mentioning Hezbollah and the military bombings in Beirut.

So, what does it mean? Countries and businesses will now have 180 days to
stop buying Iranian crude. The president also managed to tie this to Saudi
Arabia`s nuclear ambitions. Just one month ago, Saudi Arabia`s crown
prince announcing that if Iran got a nuclear bomb, so would Saudi Arabia.
And while the president`s decision may be in line with the geopolitics for
Saudi Arabia, the UAE and others, there are serious questions over what
will happen to the OPEC/non-OPEC agreement reached again last month, and
how quickly this could wipe out as much as 2.2 million barrels per day from
Iran.

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

(END VIDEOTAPE)

HERERA: So, what`s an investor`s take away from the Iran nuclear decision?

Matt Maley is with Miller Tabak and he joins us now.

Good to see you, Matt. Welcome.

MATT MALEY, MILLER TABAK: Great to see you, sue.

HERERA: So, a lot of people were confused by the initial oil market
reaction in today`s trading session. Oil though is a very — it`s a
fascinating commodity certainly. But what do you think the broader
implications are, not just for oil and energy companies and the like but
for the economy?

MALEY: Well, it`s going to be interesting. Like I said, it was — you
know, oil actually came down a little bit. It was kind of one of those
sell the news.

I mean, this whole thing about Trump and Iran with the Iran deal had been
well-telegraphed. We knew this was going to happen even though there was a
little chatter going around the last day or two that might not. But we
knew this was coming. So, people have been buying, buying, buying, finally
step away and let the crude oil fall a little bit.

But the thing is as the thing settles back in, I think you`ll see oil
ratchet back up a little bit. But this is not a major problem. I mean, we
have this is not the 1970s again where the supply that comes out of the
market is not like the — what we had with OPEC shutting down everything
back in the 1970s that caused stagflation.

GRIFFETH: Right.

MALEY: There is good and growing demand. So, that should be very positive
for the economy overall.

GRIFFETH: But then you have instances in certain sectors like the
aerospace companies. Secretary Mnuchin said late today that licenses that
were in place for Airbus and Boeing (NYSE:BA) have now been suspended as a
result of this withdrawal from the nuclear energy — the nuclear power
agreement. So what does this do to sectors like that where companies have
been starting to do business with Iran again?

MALEY: Well, it`s kind of funny. On a big picture level, like I said, it
creates another headwind for the market. We`ve had some new headwinds show
up in the last couple of months with concerns over tech regulation or trade
wars, et cetera. And these good earnings haven`t been able to overcome
them.

So, I kind of look and see what happened with Warren Buffett. He talks
about how he loves the market long term. But let`s face it, he still has a
lot of cash. So, my kind of feeling is now that cash, short-term rates are
moving up a little bit, cash is paying a little bit.

I`m not saying go 50 percent of cash or 20 percent of cash, but raise a
little bit of cash here so you can take advantage like Warren Buffett is
looking to do. He talks about how Apple (NASDAQ:AAPL) will come in, that`s
how he buys it. Have a little cash on the sidelines so you can take
advantage if we get another scare like we got in February instead of being
the one who panics like investors tend to do.

HERERA: Are you one who feels as though given the rhetoric that we saw
this afternoon from various countries around the world that there is more
headline risk and perhaps more volatility ahead for the equity market given
the situation?

MALEY: Yes, I think there will be. And, again, the one thing of course is
that we saw in 2017, there was almost zero volatility.

HERERA: Right.

MALEY: The volatility, even the one we saw in February really was more
normal than — it increased but it was more normal than people kind of
felt. So that volatility will create all sorts of opportunities. So, you
know, embrace that volatility if and when it comes.

HERERA: On that note, Matt, thank you. As always, good to see you. Matt
Maley with Miller Tabak.

MALEY: Thanks for having me.

HERERA: Bill?

GRIFFETH: Dow component Disney (NYSE:DIS) reported stronger than expected
profit and sales tonight helped by strength in its movie decision, led by
the success of box office blockbuster “Black Panther” and how. Disney
(NYSE:DIS) earned $1.80 a share. That was 14 cents above estimates.
Revenue rose by 16 percent to $15.5 billion. The stock was all over the
place in after-hours trading day.

Julia Boorstin spoke to Disney (NYSE:DIS) CEO Bob Iger about the company`s
quarter.

(BEGIN VIDEOTAPE)

JULIA BOORSTIN, NIGHTLY BUSINESS REPORT CORRESPONDENT: The bottom line
from Disney`s earnings, the media giant outperformed expectations pretty
much across the board, with the biggest upside surprise is Disney`s theme
parks and the movie studio, where blockbuster films and new attractions
killed ticket sales and attendance.

Perhaps the most unexpected thing about Disney`s earnings, the fact that it
performed better than expected at the media networks division which
includes ESPN. It`s been under pressure with cord cutting causing
subscriber losses.

BOB IGER, DISNEY CHAIRMAN & CEO: We believe you`re going to continue to
see real growth in digital platforms and continued erosion on the
traditional side. I think ultimately the new business will eclipse the
older business. I think it will probably happen sooner than most people
initially predicted and that`s why we`re going into this in a big way.

BOORSTIN: CEO Bob Iger wouldn`t reveal how many people have signed up for
Disney`s direct to consumer service, ESPN Plus, since it`s launched just a
few weeks ago, but he said that the app is performing quite well and that
they`re continuing to find ways to make the user experience better.

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

(END VIDEOTAPE)

HERERA: There are also reports tonight that Comcast (NASDAQ:CMCSA)
(NYSE:CCS) is working on a deal to push Disney (NYSE:DIS) out of the
running to buy the assets of 21st Century Fox. According to CNBC, Comcast
(NASDAQ:CMCSA) (NYSE:CCS) is in talks with the investment banks to set up
an all cash bid of up to $60 billion. In December, Disney (NYSE:DIS)
agreed to pay about $52 billion for Fox`s assets. Comcast (NASDAQ:CMCSA)
(NYSE:CCS) is waiting though to see the outcome of the Justice Department`s
challenge to AT&T`s acquisition of Time Warner (NYSE:TWX) before it puts
its bid forward.

Shares of Comcast (NASDAQ:CMCSA) (NYSE:CCS), which is the parent company of
CNBC, which produces this program, fell 5 percent. And Fox shares were
down a fraction.

GRIFFETH: Robert Luna joins us now. We`re going to talk about Disney`s
earnings. He`s the CEO and chief investment officer at Surevest Wealth
Management.

Robert, good to see you. Welcome back.

ROBERT LUNA, SUREVEST WEALTH MANAGEMENT CEO & CIO: Thanks, Bill.

GRIFFETH: A lot of hand-wringing lately, of course, about ESPN and the
decline of viewership there. But now, this digital initiative with ESPN
and, let`s face it, blockbuster box office numbers for Disney (NYSE:DIS) as
well.

How do you assess how the company`s doing?

LUNA: Yes, I mean, this report today, Bill, I mean, we`ve been an owner of
Disney (NYSE:DIS) for several years, and I`ve been bullish on the stock.
It`s struggled in the last year or so. These numbers today however you
slice them were absolutely blockbuster. They blew away the whisper
numbers.

And like Julia was saying, even the media networks division was something
that exceeded of expectations. But when you look at the powerhouse of
parks and resorts and you look at studios, studios beat analyst`s
expectations on gross margins by 40 percent. These are blockbuster
numbers. And the only reason the stock is really just kind of lingering
after-hours is all of this uncertainty that`s been brought up with Comcast
(NASDAQ:CMCSA) (NYSE:CCS) and like you said, the fear of whether or not
this digital offering is going to take hold.

HERERA: You know, who do you think will ultimately win the Fox assets? I
mean, Comcast (NASDAQ:CMCSA) (NYSE:CCS) is going to ante up cash. But
Rupert Murdoch has said in the past or has indicated in the past perhaps
more shareholder friendly deal would be with stock. So how do you handicap
that?

LUNA: Yes, that`s right. Obviously from a tax holder — a tax advantage
perspective, getting the stock is better than the cash. That being said,
$8 billion might not be the gap there. So I do think ultimately that
Disney`s going to be the winner here, but I think there`s going to have to
be some concessions made.

So, whether that`s on the sky deal that winds up going to Fox, whether it`s
them ponying up a little bit more cash to close the deal. I do think when
you look at some of the assets like Hulu, like Marvel, these are things
that I don`t believe Disney (NYSE:DIS) can afford to be without. As they
expand their empire globally assets like Star in India are things they
really want to get ahold of.

GRIFFETH: Let me go back to the digital initiative. They took back some
of the films in their library on Netflix (NASDAQ:NFLX), for example. It`s
clear they want to complete in the streaming vision — area with a Netflix
(NASDAQ:NFLX) type. And is that a potentially huge grower for them or not
do you think?

LUNA: Absolutely. I mean, it has to be. That`s the way that media, you
know, today, Bill, is being consumed. I just mentioned Star in India. You
know, this is a 1 billion population-plus market and when you look at the
Star division, they have 700 million users. When you look at Star
streaming in India, they have 60 million users. That compares the 9
million with Netflix (NASDAQ:NFLX) — I`m sorry, with Amazon (NASDAQ:AMZN),
6 million with Netflix (NASDAQ:NFLX).

This is an area that they see as a big growth initiative. So, they`re
trying to do some of it themselves, but I think they`re relying on some of
these acquisitions to help fuel that as well.

GRIFFETH: Indeed. Robert, always good to see you again.

LUNA: Thanks, Bill.

GRIFFETH: Robert Luna with Surevest Wealth Management.

HERERA: Still ahead, a drug executive, opioids and an apology.

(MUSIC)

HERERA: Argentina is reportedly in talks to get a $30 billion flexible
credit line from the International Monetary Fund. The country has asked
for financing to help stand a route in its currency. The selloff in the
peso has led to a rise in interest rates and that threatens to derail the
economy. The country`s president said the credit line will help avert a
crisis.

GRIFFETH: The Trump administration today requested $15 billion in spending
cuts from Congress. Senior administration officials say that the proposal
is targeted at federal funds that are not being spent and that the two-year
budget deal reached in February will not be affected as a result. Some of
the cuts would come from an advanced technology vehicle loan program which
has reportedly not made a loan since 2011 and the children`s health
insurance program which an official said would not hurt that program.

HERERA: Well, for the first time ever there is a job opening for every
unemployed worker. According to the latest survey from the Labor
Department, there were a record 6.6 million openings in March, roughly the
same as the number of unemployed Americans. Openings rose in professional
and business services as well as in construction and transportation.

GRIFFETH: On Capitol Hill today, a drug executive apologized to lawmakers
for not doing more to stop the shipment of millions of opioid pills to
pharmacies in two small West Virginia towns. The executive chairman of
Cardinal Health (NYSE:CAH) said he wished his company had made different
decisions.

(BEGIN VIDEO CLIP)

GEORGE BARRETT, CARDINAL HEALTH EXECUTIVE CHAIRMAN: To the people of West
Virginia, I want to express my personal regret for judgments that we would
make differently today with regard to two pharmacies that have been a
particular focus of the subcommittee. With the benefit of hindsight, I
wish we had moved faster and asked a different set of questions. I`m
deeply sorry that we did not.

(END VIDEO CLIP)

GRIFFETH: Mr. Barrett and other current and former drug distributors
executives testified before the House Energy and Commerce Committee
oversight panel today.

HERERA: Valeant shed its name and raises its full year forecast. That`s
where we begin tonight`s “Market Focus”.

As part of its turnaround plan, Valeant said it plans to change its name to
Bausch Health, and update its ticker symbol to BHC. Those changes take
effect in July. Separately, the drug maker said strength in its eye
products business helped quarterly results top expectations. Valiant also
hiked its revenue guidance for 2018. The shares rose nearly 9 percent to
$19.77.

The milk supplier Dean Foods (NYSE:DF) reported better than expected
earnings even as it kept a tight lid on costs. The company said it`s
making progress in its turnaround and reaffirmed its guidance for the year.
The shares were up nearly 17 percent to $9.75.

And Hain Celestial says softer demand in the U.S. and higher costs caused
earnings and sales to disappoint. The maker of Terra Chips also cut its
sales for 2018. Hain said it`s taking aggressive action to turn around
performance. The shares though were off 4 percent to $27.45.

GRIFFETH: Customers have begun revisiting SeaWorld, at least for now. The
theme park operator said today that it saw attendance rise by 14 percent in
the latest quarter and that helped the company`s top expectations. Back in
2013, attendance began a steep decline after the release of a documentary
that alleged SeaWorld mistreated its whales. Shares gained 7 percent,
closed at $16.99 today.

Camping World reported an increase in earnings but it still missed
expectations. It missed by a penny. The RV retailer also said that its
peek selling season is off to a slow start mainly after a very unseasonably
cold winter as we all know. That clearly concerned investors as well.
They sent shares down more than 16 percent today to $23.02.

And after the bell, Electronic Arts (NASDAQ:ERTS) said that higher sales in
its digital business helped total revenue edge past street targets for the
latest quarter. But the video game publisher gave a sales outlook for the
current quarter that was shy of expectations. E.A. also said it was
launching a nearly $2.5 billion share buyback. Shares were initially
higher in after hours. They ended the regular session down a tick at
$123.89.

Coming up, making a trade in the name of charity.

(MUSIC)

HERERA: Here`s a look at what to watch tomorrow. Fresh economic data is
on tap. The producer price index is due out, and that is a closely watched
measure of inflation. After that, we get a read on wholesale inventories.

And Atlanta Fed President Raphael Bostic will speak about his economic
outlook and monetary policy.

And that`s what to watch for on Wednesday.

GRIFFETH: You know, Twitter recently urged all 330 million of its users to
change their password after the company said it found and fixed a bug that
stored user passwords internally without adequate security. Well, that got
us to thinking about passwords and how to keep them safe.

So, Andrea Day spoke to a professional hacker who spends his days trying to
legally break into companies.

(BEGIN VIDEOTAPE)

CHARLES HENDERSON, IBM X-FORCE RED GLOBAL HEAD: We knew passwords were a
bad idea 20 years ago, yet here we are today.

ANDREA DAY, NIGHTLY BUSINESS REPORT CORRESPONDENT: Meet Charles Henderson,
IBM Security. Major companies hire his team to try and break in.

HENDERSON: We get to be the criminals for a day.

DAY: So, how much fun is your job?

HENDERSON: Oh, I have the best job in the world.

DAY: They hunt for open doors in the company`s network, sometimes slipping
past building security to hack from inside. The secret to getting in, he
says, carry a box of donuts.

HENDERSON: The donuts were so distracting because, let`s face it, everyone
loves donuts. He was actually able to use a conference room at that point
to attack the company from inside.

DAY: To crack passwords, the team built a special machine called Cracken.

HENDERSON: The criminals use similar hardware to crack passwords as well.

DAY: He says Cracken can break any password up to 14 characters long in
just minutes.

HENDERSON: It uses an array of video cards that are very good at the
specific type of math and goes through every possible permutation.

DAY: Despite a bunch of recent attacks, he says most people still resort
to basic passwords, like these used by employees at a major video company
and these by a manufacturing business. Check out how many times they use a
season and other patterns.

Parents. What kind of passwords do they use?

HENDERSON: Often their children`s names.

DAY: Pet owners.

HENDERSON: They use the names of their pets.

DAY: We got to test out Cracken at IBM`s security cyber war room just
outside of Boston. Henderson said the top used password is password1. So,
we tested that one first. The crack time, 148 seconds.

Next, we try a longer one adding capital letters and the special characters
everyone tells you to use.

HENDERSON: The crack time here was 127 seconds.

DAY: What?

Believe it or not, our longer password with caps and dollar signs was
easier to crack, but neither one was very tough.

HENDERSON: Complexity isn`t the driving force here. Think about length.
Think about something that is so long that things like Cracken are rendered
useless.

And there`s a reason we`ve limited you to 14 characters here, because as
you go beyond 14 characters, it becomes more and more difficult for us to
crack a password.

DAY: Well, he says anything is crackable. Long passwords like complete
sentences take so much longer criminals might not even bother.

HENDERSON: Knowing that you`re never going to get to 100 percent security
especially with passwords, get to the most security you can get to.

DAY: And after you come up with a long password, he says add on multi-
factor authentication like having a text sent to your phone to confirm it`s
you or adding facial recognition.

So, what`s your top piece of advice when choosing a password?

HENDERSON: Treat it like underwear and don`t reuse it.

DAY: And he says the bottom line here is it`s all about length. Come up
with a sentence you won`t forget. If there`s not enough space in the box
for a long password, don`t give up. Websites will often have more room
than what appears in that box.

For NIGHTLY BUSINESS REPORT, I`m Andrea Day.

(END VIDEOTAPE)

HERERA: Well, the trading floor at the financial firm BTIG was packed
today, but not with traders, with celebrities acting as traders, as part of
its 16th annual charity day. That day benefits hundreds of charitable
organizations and our Bob Pisani was there.

(BEGIN VIDEOTAPE)

BOB PISANI, NIGHTLY BUSINESS REPORT CORRESPONDENT: The annual BTIG charity
event has become a premiere Wall Street event. A mix of serious
fundraising and hobnobbing among leaders in the media, entertainment,
sports and the business world including Bill Clinton, Mike Bloomberg, Eli
Manning, Bode Miller, Denis Leary and even Ludacris?

STEVE STARKER, BTIG CO-FOUNDER: $45 million, celebrities, charities and
all of our employees banding together for the good of Wall Street.
Celebrities come in, they got on the phone and they raise money for almost
700 charities over the last 15 years.

(CHEERS)

PISANI: While the focus was on giving back, Gary Cohn, President Trump`s
former top economic adviser, spent time talking business, the global
economy and trade with China.

GARY COHN, FORMER NEC DIRECTOR: I don`t think anyone wants a trade. No
one wins in a trade war. I think everyone understands that no one wins in
a trade war.

PISANI: It`s been two months since Cohn has left the White House and
there`s been no shortage of job offers.

COHN: There`s a couple I`m spending a little bit of time with. Lawyers
I`m with right now looking at the possibility of a company to see if it
makes sense.

PISANI: Can you tell who this is?

COHN: No, I can`t.

PISANI: OK.

NBA legend Shaquille O`Neal also talked business and had some pointed
advice for young people seeking to build wealth.

SHAQUILLE O`NEAL, NBA LEGEND: All right, children. Young guys come into a
lot of money, this is $100. What you want to do is you want to rip that
hundred in half, 50. Save it. Don`t ever touch it.

Put it away. Don`t even look at it. Now you`ve got 50 left. Now, the
smart people, the real smart people, the billionaires of the world, they`ll
take half of that 50, put all of that away. This right here, have fun.

You want to buy houses, you want to buy cars, you want be to buy planes,
you want to travel, this right here is what you have.

PISANI: This is one of dozens of charity events that take place on trading
desks all around the city. One way traders help reduced the image that
Wall Street cares nothing about profits.

From NIGHTLY BUSINESS REPORT, I`m Bob Pisani on the BTIG trading floor in
New York City.

(END VIDEOTAPE)

GRIFFETH: Finally tonight, the art collection of David and Peggy
Rockefeller goes up for auction beginning tonight. And as we`ve been
recording, the entire collection is expected to set records with proceeds
going to charity. The bidding has already started for items listed online
and prices so far are way above expectations.

For example, Mr. Rockefeller`s cuff links estimated to fetch between $400
and $600, they`re already valued at $6,000.

Speaking of Mr. Rockefeller, Sue and I have fond memories of interviewing
him over the years including on this windy afternoon. That was at the top
of Rockefeller Center in New York City, November of 2005, the day the top
of the Rock opened when we were back in high school.

HERERA: Such — yes, exactly. We look exactly the same, don`t we?

GRIFFETH: We look exactly the same.

HERERA: What a gift to have gotten a chance to know him and interview him.

GRIFFETH: He was a true gentile man.

HERERA: Absolutely. Wonderful. And very generous.

GRIFFETH: Yes.

HERERA: That does it for us tonight. I`m Sue Herera. Thanks for joining
us.

GRIFFETH: I`m Bill Griffeth. Have a great evening. See you tomorrow.

END

Nightly Business Report transcripts and video are available on-line post
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and commentators are their own and do not necessarily represent the views
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Business Report is not and should not be considered as investment advice.
(c) 2018 CNBC, Inc.

 

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