Transcript: Nightly Business Report — April 21, 2015

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

BILL GRIFFETH, NIGHTLY BUSINESS REPORT ANCHOR: Going hostile. Teva
Pharmaceuticals launches an unsolicited bit for Mylan (NASDAQ:MYL) and it
has the potential to shake up the global drug industry.

SUE HERERA, NIGHTLY BUSINESS REPORT ANCHOR: Food fears. Bird flu
strikes a chicken farm in Iowa, a state that produces nearly one in every
five eggs consumed in this country.

GRIFFETH: Your financial future. The simple savings tactic that can
dramatically increase your nest egg.

We have all that and more tonight on NIGHTLY BUSINESS REPORT for this
Tuesday, April 21st.

Good evening, everybody, and welcome. I`m Bill Griffeth, in tonight
for Tyler Mathisen.

HERERA: And I`m Sue Herera.

The red hot market for big pharma deals just got hotter. Teva
Pharmaceuticals is making an unsolicited bid for Mylan (NASDAQ:MYL), a
combination that would create the world`s biggest generic drug company by
sales. The price tag, $40 billion, the largest potential takeover in the
drug industry this year.

Shares of Mylan (NASDAQ:MYL) soared more than 8 percent and Teva
shares for were also higher. The deal has the potential to change the
landscape of the industry, but there`s no guarantee anything about it will
be easy.

Meg Tirrell has more.

(BEGIN VIDEOTAPE)

MEG TIRRELL, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
Another day, another deal in the drug industry. Generic drug giant Teva`s
offer for rival Mylan (NASDAQ:MYL) comes on the heels of Mylan`s offer to
buy competitor Perrigo (NASDAQ:PRGO), a move some suspected to be
defensive. It all contributes to record deal activity among drug
companies.

LES TUNTLEYDER, INVESTOR: It`s a consolidating industry. You have to
be big or you will get acquired.

TIRRELL: But Mylan (NASDAQ:MYL) is not expected to go easily. Last
week, the company preemptively rejected the idea of a merger with Teva,
saying it would be a cultural clash and could raise antitrust concerns.
Teva dismissed those issues in its offer today, saying it expects it could
close the deal by the end of this year.

The Israeli drug giant says a combination with Mylan (NASDAQ:MYL)
would create a transformative generic drug company, with annual revenue of
$30 billion. Analyst also hailed $2 billion in potential cost cuts Teva
said it anticipated. In addition to generic drugs, Teva makes the branded
multiple sclerosis medicine Copaxone, which brings in billions of dollars a
year, but it faces generic competition of its own, which maybe leading Teva
to seek growth through acquisition.

FUNTLEYDER: Teva clearly feels they need to do something now that
Momenta is going to come up with a generic Copaxone.

TIRRELL (on camera): Investor Les Funtleyder says the deal could
raise questions from regulators, concerned about rising drug prices and
shortages due to industry consolidation. And some analysts believe that
Mylan (NASDAQ:MYL) may seek a higher price. Bernstein says it could ask up
to $90 a share. And if history is any guide, this would be a long battle.

For NIGHTLY BUSINESS REPORT, I`m Meg Tirrell.

(END VIDEOTAPE)

GRIFFETH: Well, on Wall Street, that proposed deal in the drug
industry helped prop up the NASDAQ, but otherwise, the major averages fell
on uninspiring earnings reports. By the close, the Dow Jones Industrial
Average dropped by 85 points, close back below 18,000, at 17,949. The
NASDAQ was up 19, the S&P fell by three points.

Bob Pisani has more now today`s profit reports and the message
corporate America is sending to investors.

(BEGIN VIDEOTAPE)

BOB PISANI, NIGHTLY BUSINESS REPORT CORRESPONDENT: We are finally in
the heart of earnings season and two clear trends are emerging. Number
one, earnings has stopped dropping as more companies than normal beat
estimates. That`s good news.

And second, revenues are bad and they`re getting worse. That`s very
bad news.

Now, almost to a company, weak revenues are being mostly or largely
blamed on the strong dollar, and with some justification. The dollar index
rose almost 10 percent on the quarter. That`s an amazing move.

The strong dollar hurts revenues because it reduces the value of money
that is earned in other currencies.

Now, Dupont (NYSE:DD) for example said sales were down 9 percent, with
the majority of the drop due to the strong dollar. Dover (NYSE:DOV) which
makes drilling equipment and pumps and refrigeration and food equipment
says revenues are 4 percent lower because of a stronger dollar.

And Harley Davidson said sales fell 4 percent hurt by currency and by
lower shipments. These are just examples.

Other companies are reporting similar problems. Now, obviously, if
your revenues are mostly in the U.S., it`s not much of a problem. But for
multinational companies that make much more half their revenues overseas,
this is a big problem.

Now, here is why: the stronger dollar has made U.S. multinationals
less competitive and that is one reason why U.S. stocks are lagging their
global peers in 2015.

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

(END VIDEOTAPE)

HERERA: Two other Dow components out with results today, Verizon
(NYSE:VZ) and Travelers. Telecom giant Verizon (NYSE:VZ) reported earnings
that beat, but revenue fell short. Travelers missed on both fronts, but it
did hike its dividend to 61 cents a share. Shares of Verizon (NYSE:VZ)
fell a fraction, but Travelers was off 4 percent.

GRIFFETH: Six senators have asked the Federal Communications
Commission and the Justice Department to reject Comcast`s proposed $45
billion merger with Time Warner (NYSE:TWX) Cable. This call came from
Democratic Senators Al Franken, Ed Markey, Ron Wyden, Elizabeth Warren,
Richard Blumenthal, and independent Bernie Sanders.

In their letter, the senators said that they believe a combined
company would lead to higher prices for consumers and fewer choices.
Executives from the two companies are meeting with regulators tomorrow to
talk about this deal.

Comcast (NASDAQ:CMCSA) (NYSE:CCS), we should point out, is the parent
company of CNBC which produces this program.

HERERA: A trader who`s been arrested for his alleged role in the 2015
flash crash. The Justice Department charged a high frequency trader in the
United Kingdom with illegally manipulating the futures market, which the
DOJ says contributed to the flash crash. The department alleged that the
trader profited by about $40 million for his scheme by using an automated
trading program to manipulate futures tied to the S&P 500 index.

GRIFFETH: Well, it turns out the biggest job cuts last month occurred
in the states with the large oil and gas industry. According to a new
report out by the Labor Department, Texas lost the most jobs at 25,000,
that was followed by Oklahoma and Pennsylvania. The drop in the oil
prices, of course, that begun last summer has caused energy companies to
cut back on drilling.

Overall, unemployment rates fell in 23 states in March, according to
this report. They rose in 12 and remained unchanged in 15.

HERERA: And, Bill, some of those job cuts came from Houston based
Baker Hughes (NYSE:BHI). And the oil and gas services company which is
being acquired by Halliburton (NYSE:HAL) cut 17 percent of its total work
force during the first quarter. It closed facilities and it reported
earnings below Wall Street estimates. The company says its first quarter
results are a reflection of declining crude prices, and it expects a
falling rig count to weigh on second quarter. The shares dropped nearly
1.5 percent.

GRIFFETH: So, job cuts and the direction of oil prices are just some
of the issues being discussed by energy leaders at the annual must-attend
conference for that sector.

Brian Sullivan has more now on the gathering. It`s called the IHS
(NYSE:IHS) Energy CERA Week. It`s in Houston.

(BEGIN VIDEOTAPE)

BRIAN SULLIVAN, NIGHTLY BUSINESS REPORT CORRESPONDENT: Houston, the
oil capital of America, but this week, arguably, the oil capital of the
globe, thousands of industry insiders and executives are gathered right
here to try to understand not only what has happened with the price of oil
and gas, but where the industry is going in the months ahead. This time at
the conference last year, the price of crude oil, 100 bucks a barrel.

I asked Dan Yergin how the mood of the conference has changed since
then.

DANIEL YERGIN: A year ago, the mood price was going to be $100 a
barrel and that was the new normal. There`s a lot of concerns about costs
at $100 a barrel.

Now, I would say the mood of this conference today is gritty realism
and recognition that it`s cyclical.

SULLIVAN: And the reason so many has gathered here is because you`ve
got topnotch speakers, CEOs of the biggest companies in the world. Case in
point, BP CEO Bob Dudley. We caught up with him and I asked him how he
sees the oil market playing out over the next year.

BOB DUDLEY, BP CEO: Well, I think it`s lower for longer. Don`t know
how long. You know, several years is absolutely a possibility. The U.S.,
the increasing oil production, the rigs have come down from 1,600 operating
rigs onshore in the U.S., to 750, and yet oil production keeps going up.

SULLIVAN: Prices obviously are the hot button issue here. Where is
the price of oil and gas going to go in the months and quarters ahead?

But the other hot topic here, really two-fold — Iran but also crude
oil exports, and whether or not we will see the export ban from America
lifted.

I asked Dan Yergin what he thinks.

YERGIN: I think that there is a sense of forward motion on it and is
it going to simply eliminate a ban that`s 40 years out of date, or are they
going to kind of do some regulatory jujitsu to continue to be able to get
more out?

SULLIVAN: And, of course, the other question is if the crude export
ban is ever lifted, what would that mean for the oil industry, what would
that mean for the price of oil? This is an industry in a bit of turmoil,
but the oil industry, a notoriously optimistic one. So, as you might
imagine, almost everybody thinks the price of oil will be higher in 12
months than it is today.

For NIGHTLY BUSINESS REPORT in Houston, I`m Brian Sullivan.

(END VIDEOTAPE)

HERERA: On the West Coast, another conference is taking place. Tens
of thousands of tech industry veterans are gathering at the world`s largest
security conference, and since so many big corporations are vulnerable to
attacks, the cybersecurity industry is booming.

Eamon Javers reports from San Francisco.

(BEGIN VIDEOTAPE)

EAMON JAVERS, NIGHTLY BUSINESS REPORT CORRESPONDENT: This is the RSA
Cyber Security Conference. It`s one of the biggest industry events every
single year. Behind me, we`ve got one company here that sets up its own
Star Wars bar, behind them, the NSA is recruiting cybersecurity experts to
come and work for the government.

A lot of focus here, though, this year on the potential IPO companies
that are displaying their wares here today. Experts tell us they are
expecting as many as seven of these companies will go public over the next
12 to 18 months.

But for investors, this can be confusing jumble, a lot of companies
offering a lot of similar things. What experts tell is that you`ve got to
really do your homework to understand the difference between all these
companies.

SHAWN HENRY: First of all, you have to look at the underlying
technology of the organization. They`ve got to do a deep dive. It`s no
longer about blocking known signatures. It really is about the detection
and response. There are a lot of companies that are making that claim that
they can do that.

JAVERS: But even before this conference started, there has been some
controversy here.

We talked to Chris Roberts. He`s a cyber security expert who has a
series on how U.S. aviation is vulnerable to hacking through the
entertainment systems that airlines are putting in to older airplanes these
days. Roberts was on a flight, he tweeted out some information about the
vulnerabilities and he says he was detained by the FBI and airport security
when he landed.

CHRIS ROBERTS, CYBER SECURITY EXPERT: I tweeted when I was midpoint
between Denver and Chicago, landed in Syracuse and everybody on the plane
was told to sit down and two uniformed officers and two FBI agents came on
the plane, and I got taken off the plane, very civilized, very nice guys,
and a third joined them and we had a several hours lengthy conversation.

JAVERS: The FBI told us they had no comment on Chris Roberts`
situation. We also talked to United. United said they are assuring people
that there is no danger of hacking of their systems, the way Chris Roberts
describes. Nonetheless, they say, they decided that it will be
inappropriate for him to fly on their flights in the future. So, that is
going to be set stone.

Meanwhile, guys are doing a lot of business here at the RSA
Cybersecurity Conference.

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

(END VIDEOTAPE)

GRIFFETH: Still ahead, the impact on the price you pay for groceries
if the bird flu outbreak spreads.

(MUSIC)

HERERA: Blue Bell Creameries is pulling all of its products off of
the shelves. The company which distributes frozen desserts to about half
of the country has issued a nationwide recall after listeria was found in
two cartons of ice cream. The recall includes ice cream, frozen yogurt and
sherbets. And it covers products from all of its manufacturing facilities.

In a statement, the company CEO apologized to all Blue Bell customers.

GRIFFETH: And in the poultry industry, there are growing concerns
tonight over the highly contagious bird flu virus. Efforts are under way
to stop it from spreading after discovering another outbreak at a
commercial egg facility in Iowa, which the nation`s largest egg producing
state.

Morgan Brennan has more for us tonight.

(BEGIN VIDEOTAPE)

MORGAN BRENNAN, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
This week, the U.S. Department of Agriculture confirmed another case of
bird flu. In Iowa, the affected facility is sunrise farms owned by a
privately held Sonstegard Foods Company. Sonstegard says this farm houses
4 million layer hens or hens that lay eggs, hens that it went to, quote,
“great lengths” to prevent its birds from contracting avian influenza.

Now, the property is under quarantine, while officials decide how to
dispose of the flock. Experts say that development is troubling.

SIMON SHANE: We have to respond to the challenge with commensurate
action and investment. Up until now, we haven`t had to do what I believe
we`re going to have to do in the future. But the industry adapts and
industry adopts new technology and new techniques.

BRENNAN (on camera): This new case is the largest reported by the
USDA since the outbreak started late last year, bringing the total number
of chickens and turkeys affected by bird flu by 6.5 million. Cases have
been reported in a dozen states, including Minnesota, Missouri, Arkansas
and the Dakotas.

In Wisconsin, Governor Scott Walker declared a state of emergency,
issuing quarantines and enlisting the National Guard to help with clean-up.

(voice-over): To be sure, there had been no human cases detected in
the U.S., and the USDA says there is little risk to human health.

But there is growing risk to the poultry industry.

SHANE: We will have to develop stricter bio security measures to
eliminate any possible contact between migratory water fowl and their
droppings, and our commercial farms. I have every confidence that it can
be done.

BRENNAN: A growing list of countries, including China, South Korea,
Canada and Mexico have banned or limited poultry imports from the U.S.
because of this flu, and food companies are feeling the pain as well.

Hormel Foods (NYSE:HRL) says whole year earnings will come in at the
lower end of previously stated guidance. Investors are steering clear of
other poultry companies as well, sending shares of Tyson Foods (NYSE:TSN),
Sanderson Farms (NASDAQ:SAFM) and Pilgrims Pride —

(VIDEO GAP)

HERERA: — your sense of the bird flu first and whether or not it can
be contained quickly as our experts in that piece just said that he thought
it would.

Do you agree with that?

FARHA ASLAM, ROBERT STEPHENS FOODS: The U.S. poultry industry both
egg, turkey and chicken are responding actively to the bird flu threat.
They are investing capital and we do anticipate that the problem will be
contained. It will take some time but probably within a year, normally
food companies are able to offset the losses from bird flu.

GRIFFETH: How close are we to finding a way to prevent this to begin
with. This just comes up time and again and it just spreads and we
quarantine, but then it happens again.

What can we do to prevent this in the future?

ASLAM: We have numerous scientists across the country working on this
issue. But it does take some time. But the best near term solution is
going to be better bio security and you`re already seeing the poultry
industry move to restrict access to these farms. But unfortunately just
right now, it`s being spread by migratory foul as your previous piece
stated and that should decline as the migration curtails, probably by the
summer.

HERERA: What about the price of the commodities, you said eggs,
turkey and chicken across some 12 states. But maybe we have a little bit
of a game because seasonably, it`s not a big egg season. But what about
prices, how much can we expect those to go higher?

ASLAM: Now, we definitely have 1 percent of the poultry or egg supply
in the U.S. out off online and so we do expect impact to egg prices moving
up right. Egg prices are down 5 percent to 10 percent year-over-year.
Going forward, we expect prices to tick up.

Just for example, in turkeys in the last month, turkey prices have
increased about 5 percent as we`ve seen more and more turkeys be impacted
by bird flu.

HERERA: All right. Farha, thank you very much. Farha Aslam with
Robert Stephens.

ASLAM: Thank you for having me.

GRIFFETH: We have late earnings from Yahoo (NASDAQ:YHOO) and they
disappointed. That`s where we begin tonight`s “Market Focus”.

The tech giant`s earnings fell by 60 percent from a year ago. Revenue
also missed Wall Street`s estimates as its display advertisements business
has been stalling. Shares fell initially, but then rebounded. Before the
close the stock was off a fraction to $44.49.

It was the opposite story for Amgen (NASDAQ:AMGN), though. That
company easily topped earnings and revenue consensus on strong drug sales.
The company also increased its full-year guidance. Shares spiked right
after the report. Before the close, the stock was up 1.5 percent to
$168.46.

Chipotle delivered kind of a mixed report today. Its earnings were
above estimates, but revenue was lower than what analysts had been
expecting. Overall, the popular fast casual restaurant chain saw sales
growth slowdown. That sent shares of Chipotle down after the close. But
before the end of trading, shares closed up a fraction at $692.52.

HERERA: Bill, Under Armour (NYSE:UA) saw its earnings fall in its
most recent quarter because of currency volatility. The athletic gear
maker managed to beat on both the top and bottom lines though, and it hiked
its 2015 revenue guidance. Still, shares tumbled almost 5 percent to
$83.52.

Whirlpool (NYSE:WHR) is hiking its quarterly dividend by 20 percent.
The new payout of 90 cents a share will be payable in June to shareholders
on record as of May 15th. The yield on that dividend is nearly 2 percent.
Shares were off slightly today to $193.97.

GRIFFETH: A new retirement survey has some good news and some bad
news.

First the good news: American workers and retirees are more confident
about their ability to retire. The bad news is there is little evidence
that they are actually taking the necessary steps to reach that goal. All
of this is according to the most comprehensive annual reports on retirement
by the Employee Benefit Research Institute.

Sharon Epperson joins us now with more on that report.

And how a simple change in savings could go a long way. I mean, if
people`s daily expenses are just too high, it is not unreasonable to expect
that that is why they don`t have saving right now, right?

SHARON EPPERSON, NIGHTLY BUSINESS REPORT CORRESPONDENT: It is not
unreasonable to expect that. And so, that`s why we are looking at about 57
percent of American workers who have saved less than $25,000 for
retirement. But what`s really startling to me was that number of people
who said that they could just a little bit save more. Seven out of ten
workers said that they could save even just $25 a week more, they could add
that to the retirement savings, and that could make a considerable
difference.

HERERA: Yes, because if you compound it, right? If you start early
enough, and just do maybe 25, 35 — I mean, if you can, just that little
bit over 10 years or 20 years or 30 years, it adds up.

EPPERSON: Now, of course, a lot of viewers reached out to me today
and said, hey, $25 is still a lot for me, but it really can add up, and you
can do it and just giving up a couple of things. If you get to that $1,300
by the end of the year, that`s how much $25 a week will do for you. Put
that money in a Roth IRA, for example, you can have by the age of 67, if
you start when you`re 30, $48,000 saved just in contributions, and you add
to that a 4 percent return, that`s not asking too much, hoping your
portfolio increase that much annually, $110,000 in extra savings for your
retirement.

So, a little bit can go a very long way.

GRIFFETH: But how do you free up the extra $25?

EPPERSON: So, this is what was interesting. People just said things
that you would expect, you know? We can eat out less, we can stop buying
coffee. We could also stop —

HERERA: Pack your lunch.

EPPERSON: Pack your lunch, streaming videos, cut down on that. But a
lot of people, about a quarter of the people in the survey says they
wouldn`t have to give up anything to get an extra $25 a week. So, it can
be done.

HERERA: Wow.

EPPERSON: It just really takes the discipline enough to do it.

HERERA: And to start. People are so scared to start.

EPPERSON: Exactly, just start, thinking that`s just too small and
I`ve never going to be able to retire any way, but a little bit will help.

GRIFFETH: Somebody out there tonight, they`ve been inspired.

EPPERSON: I hope so.

GRIFFETH: Get the $25 out there.

HERERA: If anybody can do it, she can.

GRIFFETH: Absolutely.

Sharon Epperson, as always. Thank you. And to read more about saving
for retirement, head to our Web site, NBR.com.

HERERA: And coming up, the new gold rush, or perhaps better said, the
green rush. Meet the entrepreneurs that want to turn cannabis into big
business. The first in a three-part series “Marijuana and Money” is next.

(MUSIC)

HERERA: Here is a look at what to watch for tomorrow: Dow components
McDonalds, Boeing (NYSE:BA), and Coke report before the opening bell.
After the closing bell, we`ll hear from AT&T (NYSE:T), eBay (NASDAQ:EBAY)
and Facebook (NASDAQ:FB). Existing home sales for March are due out, and
General Electric (NYSE:GE) shareholders will gather for the company`s
annual meeting. And that`s what`s on the agenda for Wednesday.

GRIFFETH: Elsewhere, the results of a new large scale study add to
the body of evidence that finds no link between a specific vaccine and
autism, even among children who are increased in genetic risk.

(BEGIN VIDEO CLP)

ANJALI JAIN, MD, THE LEWIN GROUP: In over 95,000 children, we found
that there was no evidence of a harmful association between the MMR vaccine
and the development of autism spectrum disorders.

(END VIDEO CLIP)

GRIFFETH: Dr. Anjali Jain of the Lewin Group, a health care
consulting firm, led that study, which was published by the Journal of the
American Medical Association, the research comes after low immunization
rates lead to outbreaks of measles in the U.S. earlier this year, including
one stemming from the California`s Disneyland.

HERERA: There is a brand new breed of entrepreneurs and they`re
growing out of the budding pot economy. In the first of a three-part
series called “Marijuana and Money”, Dina Gusovsky takes us inside a
startup that found an opportunity at the intersection of medical marijuana
and technology.

(BEGIN VIDEOTAPE)

UNIDENTIFIED FEMALE: He`s so freaking moving ahead of us.

UNIDENTIFIED MALE: Robotics is the future and we want to represent
the cannabis industry by creating the robotic solution.

DINA GUSOVSKY, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
One company, Potbotics, says it`s combined science, technology and weed.

UNIDENTIFIED MALE: It`s called PotBot.

GUSOVSKY: A robot meant for medical marijuana dispensaries and
clinics, an idea conceived by a PhD and a 23-year-old.

DAVID GOLDSTEIN, POTBOTICS: We are a father and son. This is my
father.

What we created was a robotic solution for dispensaries and clinics to
help educate patients more on how the medicinal benefits of cannabis effect
them based on their specific ailment.

It`s really easy. You come up to it with the ailment you are
suffering from, type in some basic information like age, gender, weight,
what state you are in, and a list of the symptoms associated with that
ailment will automatically be populated, you select out of those and a
personalized cannabinoid for that ailment will be generated.

Other products from Potbotics is BrainBotics.

We`re putting on the ECG which will help look at the brain waves of
this patient and we`re trying to quantify the effects of cannabis and the
responses that the brain waves have to cannabis.

GUSOVSKY: Eric is a medical marijuana patient who suffers from
anxiety.

GOLDSTEIN: This actually will amplify the brain waves in order for us
to see what is actually going on in the head.

Of course, Dina won`t be smoking, but it will give us a good baseline
for what a nonsmoker`s brain line looks like.

And now that this is applied, we could actually take a look at your
brain activity right here.

GUSOVSKY: To the untrained eye, the scan might look the same. But a
neurologist would see that it changed in frequency in one of Eric`s brain
waves shows a deeper state of drowsiness and relaxation.

GOLDSTEIN: We`re hoping doctors will buy BrainBot and use it with
their patients to personalize cannabis recommendations from patients
suffering from epilepsy and other neurological disorders.

GUSOVSKY: For NIGHTLY BUSINESS REPORT, I`m Dina Gusovsky in Los
Angeles.

(END VIDEOTAPE)

HERERA: To read more about this company and the other marijuana
start-ups, head to our Web site at NBR.com.

And tomorrow, why the emergence of the legal cannabis industry is
causing some real estate values to soar. I got a sneak peek at that
script. It`s really a good story.

GRIFFETH: You watch. I mean, I know it`s controversial issue, plenty
of people are against legalizing marijuana. But from an economic
standpoint, it is going to help states with tax revenues,, real estate
prices and all of that is happening right now in various states. That`s
for sure.

HERERA: Well, that does it for NIGHTLY BUSINESS REPORT for tonight.
I`m Sue Herera. Thanks for watching.

GRIFFETH: I`m Bill Griffeth. Have a great, everybody. We`ll see you
tomorrow.

END

Nightly Business Report transcripts and video are available on-line post
broadcast at http://nbr.com. The program is transcribed by CQRC
Transcriptions, 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) 2015 CNBC, Inc.

This entry was posted in Transcripts. Bookmark the permalink.

Leave a Reply