Transcript: Nightly Business Report — May 1, 2015

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

TYLER MATHISEN, NIGHTLY BUSINESS REPORT ANCHOR: The big bounce back.
A strong start to the month of May with the major averages rising more than
1 percent. Our market monitor has some picks for this market.

SUE HERERA, NIGHTLY BUSINESS REPORT ANCHOR: Hitting the gas. Why
bigger is better at the nation`s auto dealerships.

MATHISEN: Playing to win. Six ways to win a bidding war in this hot
housing market.

All of that and more tonight on NIGHTLY BUSINESS REPORT for Friday,
the 1st of May.

HERERA: Good evening, everyone, and welcome.

Stocks start the month of May in rally mode. Shaking off a rocky end
to April. Gains in Apple (NASDAQ:AAPL) helped lift the market along with a
rise in consumer sentiment and strong auto sales — and we`ll have more on
that story in a moment.

But it wasn`t all positive. Dow component Chevron (NYSE:CVX) saw
shares fall after posting a sharp drop in profits and construction spending
also declined last month.

But the bulls were firmly in control. And by the close, the Dow Jones
industrial average gains 183 points to 18,024, the NASDAQ rose 64, and the
S&P 500 tacked on 22 points.

Even with today`s gains, the major averages are in the red for the
week, with the NASDAQ off the most, down almost 2 percent.

And later in the program, our market guest will tell us what`s next
for stocks and tell us which names he is recommending right now.

MATHISEN: Well, Sue, as we just reported, Detroit`s Big Three all
came out with strong sales for April, helping to drive today`s generally
positive sentiment on Wall Street. Chrysler and General Motors (NYSE:GM)
saw April sales up about 6 percent, Ford is up 5 percent.

Phil LeBeau explains why trucks are key to the automakers.

(BEGIN VIDEOTAPE)

PHIL LEBEAU, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
Pardon the play on words, but bigger was big at auto dealerships last
month. Trucks, SUVs, crossovers, almost anything with a little more space
was in greater demand than cars last month.

For example, GM had its best month ever, moving crossover utility
vehicles. Meanwhile, Ford`s new F-series pickup helped the automaker
boosts April sales. With gas still selling at modest prices, buyers
continue to pass on electric models. Chevy Volt sales dropped 45 percent
as the company prepares for a new Volt later this year. Meanwhile, demand
for the Nissan Leaf also lagged.

And in a sign the auto market remains robust, the average amount paid
for new vehicles climbed slightly higher in April and now topped $32,000.

(on camera): Heading into the summer, automakers and dealers expect a
busy season. That means there may not be many deals for those in the
market for a new car or truck.

Phil LeBeau, NIGHTLY BUSINESS REPORT, Chicago.

(END VIDEOTAPE)

HERERA: Another sector and one we don`t speak about also had a
breakout day, rail car makers. And that group gained on tougher oil train
safety rules announced today by regulators following numerous spills and
explosions. Greenbrier, Trinity, American Railcar, and Wabtec (NYSE:WAB)
all saw their shares climb by 6 percent or more.

Morgan Brennan has more on the long-awaited regulations.

(BEGIN VIDEOTAPE)

MORGAN BRENNAN, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
Nearly two years after a fiery crude train exploded in Quebec and killed 47
people, and nine months after U.S. regulators first issued safety
proposals, new rules were unveiled today, aiming to improve safety when it
comes to transporting crude by rail.

In a joint press conference with its Canadian counterpart Transport
Canada, the U.S. Department of Transportation outlined new requirements for
stronger tank cars.

ANTHONY FOXX, U.S. TRANSPORTATION SECRETARY: We are in fact putting
in place a new standard for building tank cars. They`ll be required to
have thicker, stronger shells and other safety features. Existing tank
cars used on high hazard flammable trains today will either have to be
retrofitted to meet the new standards we set or they`ll need to be phased
out of service. Canada is taking the exact same steps.

BRENNAN: As crude by rail shipments have surged in recent years, so
too have the number of accidents. Since 2013, more than two dozen crude
trains have derailed. Those accidents represent just a tiny traction of
the number of trains moving each year. But they have been dramatic,
stirring public outcry. As part of the new rules, older tank cars will be
phased off the track in three years, and newer ones must but retrofitted or
replaced within five.

But the biggest change is an operational requirement that goes into
effect in 2021.

(on camera): Tank cars must be equipped with a new braking system
which falls on the owners, energy companies or manufacturers who lease them
out. If cars don`t have those brakes, railroads have to either haul oil
trains that are smaller than 70 cars or run bigger ones at 30 miles per
hour.

The Association of American Railroads argues that requirement could
cause more gridlock on the tracks, impacting capacity.

ED HEMBERGER, ASSC. OF AMERICAN RAILROADS PRESIDENT: Could be as much
as a 30 percent impact in our capacity. So, this is a regulation that is
not grounded in science and I don`t think that, unfortunately, the
department thought through what all of the consequences would be.

BRENNAN: The trade groups for the petroleum and rail equipment
industries also expressed disappointments about these brakes.

That aside, the overall reaction about the rules was enthusiasm, in
part because they finally provide some clarity.

Investors like them as well, sending shares of tank cars like
Greenbrier, Trinity Industries (NYSE:TRN) and American Railcars soaring.

For NIGHTLY BUSINESS REPORT, I`m Morgan Brennan.

(END VIDEOTAPE)

MATHISEN: Despite today`s rally in the stock market. Two high
profile sectors has started to stumble and investors are now wondering if
it`s a short term or the start of something bigger.

Josh Lipton looks at the recent drop in part of the tech market. But,
first, Julia Boorstin reports on the sharp declines that have befallen the
social media stocks.

(BEGIN VIDEOTAPE)

JULIA BOORSTIN, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
LinkedIn (NYSE:LNKD) shares plummeting 20 percent on concerns of weak
guidance for the rest of the year. Its LinkedIn`s worst day ever as a
public company, and it`s one of three social media companies whose stocks
have lost a quarter of their value this week after reporting a
disappointing financial outlook.

Thursday, Yelp tanked more than 23 percent on disappointing guidance,
while on Wednesday, Twitter shares declined their lowest level since
January as it warned that some ad products won`t generate revenue as
quickly as hoped.

LOU KERNER, THE SOCIAL INTERNET FUND: There is a common thread among
these companies in terms of advertising challenging that they`re facing.

BOORSTIN (on camera): These stock declines are sparking talk of a
market top, and raising questions of what this could mean for social
companies in the IPO pipeline. Investors ironically are having this
conversation on Twitter.

VC Chi-Hua Chien pointing to the three stock declines, asking on
Twitter, “Is this the start of a market correction in tech?”

Investor and Google (NASDAQ:GOOG) Analytics expert Adam Singer
tweeted, “Twitter imploded. Secret shut down, Yelp crashed, and now
LinkedIn (NYSE:LNKD) got fired. Maybe VC`s stop funding every dumb social
app now.”

Facebook (NASDAQ:FB) draws none of these concerns. With a 1.44
billion users, it dwarves all other companies. And its portfolio of apps,
including WhatsUp and Messenger are growing users fast, while it improves
with results with new products like video ads.

KERNER: Facebook (NASDAQ:FB) is exempt from what these other
companies are facing because of both of their scale and the fact that
they`re still growing the amount of the time that users are spending on the
site every single day.

BOORSTIN: But even Facebook (NASDAQ:FB) shares are down over the past
week and a half since it reported results that were impacted by foreign
exchange rates. Still with such massive scale, it may benefit from the
other companies` social ad struggles.

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

(END VIDEOTAPE)

(BEGIN VIDEOTAPE)

JOSH LIPTON, NIGHTLY BUSINESS REPORT CORRESPONDENT: It`s not just
social media stocks taking a hit. The air is also coming out of some
recent high-profile tech IPOs and declines are startling.

This year alone, GoPro is down some 20 percent. Lending Club, a peer
to peer lender, is off 30 percent, despite being in a hot sector. Even
Box, which went public to big fanfare, has seen its shares drop sharply
from their highs. All three companies went public within just the past 12
months. Many attribute the declines to lofty valuations, relative to their
ability to generate profits.

And the trend hasn`t gone unnoticed by venture capitalists who are
looking to invest in what they hope will be the next big thing.

Venky Ganesan of Menlo Ventures says it`s good to see these
corrections. Many of these stocks carried nose bleed valuations, she says,
and needed to come back to earth.

There could also be knock-on effects. Investors use comps from public
markets to justify valuations in private markets. So, a cooling in the
public markets should mean, Ganesan says, a cooling in the private markets
as well.

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

(END VIDEOTAPE)

HERERA: And now to our market monitor who is bullish long-term on the
market but says stocks could face short-term hiccups. He is Sarat Sethi,
managing director at Douglas C. Lane, an in investment advisory firm with
about $4.5 billion under management.

Good to see you, Sarat. Welcome.

SARAT SETHI, DOUGLAS C. LANE MANAGING DIRECTOR & PRINCIPAL: Thank
you.

HERERA: Let`s start first of all with the tech sector, which we`ve
just been profiling in the pieces by Julia and also by Josh. Is it simply
a function of high valuations and the air coming out of these stocks, or
are we seeing companies that are increasingly becoming less relevant?

SETHI: I think it`s probably the former. What we see in technology
is you really have to break it up into the momentum stocks. Those are the
social media stocks with the fast money following those. And then the old
school tech stocks companies like Microsoft (NASDAQ:MSFT) and Cisco
(NASDAQ:CSCO) that have actually done well, and if you saw Microsoft`s
earnings, the stocks off 15 percent.

So, I think broadly taken, you have to really bifurcate the technology
sector. We are investing more in companies that are going to grow long-
term but have real earnings, and not just eyeballs, kind of similar to what
we had three years ago.

MATHISEN: Sarat, do you think the next years, U.S. stocks will be as
good relatively as the past three years?

SETHI: Well, I think if you look at the last three, we`ve had over 50
percent, I think, you know, to go back over to the mean, we expect probably
high single-digit returns for the next three years. But that`s going to be
a bumpy road. We haven`t really had that 10 percent correction in three
years. But I think if you come out of this three years from and we`re up
25 percent, to 30 percent, in total, that would be a good number to look
forward to.

HERERA: You`ve given us stock picks to talk about tonight, and one of
them is Alcoa (NYSE:AA). Why do you like it?

SETHI: So, Alcoa (NYSE:AA) is an interesting stock. They`ve really
transformed their company. They used to be a pure play aluminum stock.
But now, what they`ve done is they are focused on value added products
especially products that go into cars like the Ford F-150 and they have
products that go into airlines. Those are higher margin, higher value
products that does margins and growths are much better than being in the
pure commodity play.

MATHISEN: The second choice is Nordstrom (NYSE:JWN). Why?

SETHI: So, as we see look at and oil has come and kind of been below
the $100 range, the consumer is now in a better range, they are paying off
debt and getting higher wages, employment is improving.

Nordstrom (NYSE:JWN) we think is a focus right there because they are
focused on the high end consumer. What we like about them are a couple of
things, one is omni channel. So, it`s not just going to the store, but
it`s ordering online, what you do online or offline, they are there.

Secondly, Nordstrom (NYSE:JWN) is about to sell off their credit card
business which could raise a couple of billion dollars which they could
reinvest and/or buy shares.

HERERA: Delphi kind of rounds out the list for you tonight.

SETHI: Right. Going back into the consumer theme, we want companies
that are going to benefit as the consumer spends more money. Delphi is
increasing its digital contents, its share in all auto companies, not just
here in the U.S. but globally, and through this is a good way to play the
consumer, but also Delphi has increased top line gross margins and really
grow their cash flow.

HERERA: All right. So very interesting picks. Thanks, Sarat. Have
a great weekend.

SETHI: Thank you. You, too.

HERERA: Sarat Sethi with Douglas C. Lane.

MATHISEN: And still ahead, why this weekend`s Berkshire Hathaway
(NYSE:BRK.A) meeting may be more memorable than ones` past.

(MUSIC)

HERERA: Tesla`s Elon Musk is hoping to jolt the electric is market
with the latest product. The firm is expecting into batteries for the home
with a new suite of energy products, taking aim at the utility companies.
The battery called Powerwall is made up of solar panel powered batteries
connected to a local power grid to help wean off of oil and gas.

MATHISEN: Berkshire Hathaway (NYSE:BRK.A) reported a 20 percent rise
in operating income for the first quarter and revenue rose to more than $48
billion. The results start the Berkshire Hathaway`s annual shareholder hoe
down out there in Omaha which gets into full swing tomorrow. This get-
together could be particularly memorable because it marks Buffett`s 50th
year at the helm of the company.

Becky Quick is out there with the Cornhuskers in Omaha.

(BEGIN VIDEOTAPE)

BECKY QUICK, NIGHTLY BUSINESS REPORT CORRESPONDENT: I`m here on the
floor of the convention center in Omaha where 40,000 Berkshire faithful are
expected to convene tomorrow, that`s Saturday. This is an annual event
that`s been happening for 50 years here.

This time, it is a little different. This is the first time that the
exhibit floor has ever opened on a Friday, the day before the annual
meeting. It`s happening this year because it gives the shareholders here
extra time to check out all of the booths.

There are a lot of booths here. Many of them are for Berkshire
companies like Dairy Queen right behind us, somebody just handed me a dilly
bar.

You`ve also got, check this out behind me, the Geico? Yes, he`s here,
the Geico gecko checking out those things.

But it`s not just those companies. There`s also the companies that
Berkshire owns a stake in. In fact, Heinz is one of the companies. Heinz
is a company that Berkshire owns a mass of chunk in, and again, all of the
companies have come here to set up booths.

Now, what happens tomorrow is Warren Buffett and Charlie Munger take
the floor on a stage just behind that wall. He`ll answer questions in
front of a cast of about 30,000 or 40,000 people, answer questions that
anything that somebody that throws at them for about 6.5 hours.

Some of the big questions that are expected this year will include
from what`s happening in the economy, to what the Federal Reserve will do
next, to even things like what`s happening with specific Berkshire unit,
Burlington Northern Santa Fe was called out in the annual shareholder
letter that Warren Buffett wrote earlier this year for disappointing its
customers. We`ll hear more about that tomorrow.

Also, probably, we`ll be hearing about Clayton Homes, which is set up
behind me. Some of being accused of predatory lending practices and I`m
sure we`ll hear about that tomorrow too.

For NIGHTLY BUSINESS REPORT, I`m Becky Quick in Omaha, Nebraska.

(END VIDEOTAPE)

MATHISEN: And on Monday, we will have extended coverage of that
Berkshire Hathaway (NYSE:BRK.A) shareholder meeting.

HERERA: Charter Communications (NASDAQ:CHTR) posted a wider-than-
expected loss, and that`s where we begin tonight`s “Market Focus”.

Revenue at the cable operator grew less than expected in March. And
also, costs from that failed merger between Comcast (NASDAQ:CMCSA)
(NYSE:CCS) and Time Warner (NYSE:TWX) Cable hurt results, since it involved
assets that Charter was planning to buy. Shares were up a fraction to
$187.46.

Sales of prescription drugs helped CVS (NYSE:CVS) Health post results
that topped Wall Street expectations. And that offset the impact of the
company`s decision to stop selling tobacco. But its current quarter
outlook fell below forecasts. Still, the stock was up more than 1 percent
to $100.46.

MATHISEN: It was a busy day for activist investors. Corvex Capital
has taken a large stake in Yum Brands (NYSE:YUM), this according to
reports. Also, Dan Loeb`s Third Point took new positions in Yum Brands
(NYSE:YUM) and Devon Energy (NYSE:DVN), this according to a letter sent to
investors. Devon rose a fraction to $68.61. Yum Brands (NYSE:YUM) popped
almost 7 percent to $91.90.

And a federal judge has ordered American Express (NYSE:EXPR)
(NYSE:AXP) to let merchants steer customers to other forms of plastic
payments. Now, AmEx can`t stop restaurants and stores from offering
discounts or other incentive for using lower-fee cards. The payments
company will appeal the decision, saying it will hurt competition. Shares
were up slightly to $77.68.

HERERA: As we head into the spring weekend, house hunters will be on
the prowl. And while we`re still in the early spring of the housing
recovery, the market right now is very hot and very competitive.

Diana Olick has some advice if you`re looking to bid and to buy.

(BEGIN VIDEOTAPE)

DIANA OLICK, NIGHTLY BUSINESS REPORT CORRESPONDENT: Very tight supply
in housing markets across the nation and it is leading to bidding wars. In
fact, one-third of all U.S. properties sold in March went at or above
asking price.

So, how do you emerge the winner in a bidding battle?

Prepare your finances and carry cash. Get preapproved for a loan —
now. Home sellers are leery of loans that might not be set in stone. If
you can, bring cash to the table so that if the appraisal comes in low, you
can cover the difference.

Offer fast and strong. Be the first to offer and don`t insult.
Nothing turns a seller off more than someone undervaluing their prized
possession. Come in at or slightly below offering so they know you are
serious.

Add an escalation clause. This is the amount of money the buyer
aggress to increase the offer if there are other bids. So, let`s say the
purchase price of the home is $400,000 but you expect it could go as high
as $450,000. Put in an escalation clause saying you`re willing to go as
high as $460,000, but make sure the clause says the seller can only take a
winning bid up to a level just above competing offers.

Get a pre-inspection. Do the inspection before submitting an offer.
Yes, it will cost you a few hundred dollars but sellers hate inspecting
contingencies on a contract.

Show the love. If you love, love, love the house then let the seller
know it, either directly or through your real estate agent. Don`t be
afraid to write a letter, send a picture of your kids and be specific.

Be smart and not sappy. Research the market, look at comparable homes
that just sold, visit the local school, have coffee at the closest
Starbucks (NASDAQ:SBUX) and chat with the neighbors. And then don`t let
your emotions steal your wallet. Whatever house you`re looking at, it`s
not the only house you could be happy in.

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

(END VIDEOTAPE)

HERERA: And for more tips on how to win a home bidding war, head to
our Web site at NBR.com.

Coming up, meet a man whose hopes the odds are in his favorite
America`s horse race.

(MUSIC)

MATHISEN: Here`s what to watch next week. Tuesday, Dow component
Disney (NYSE:DIS) reports earnings. On Wednesday, we will hear from the
Federal Reserve chair Janet Yellen. Friday is jobs day, and that`s when
the government releases its employment report for April. That`s what`s on
a busy agenda for next week.

HERERA: As you know, it`s the start of May and decision day for high
school seniors who decide which college they will attend. But earlier this
week, thousands of other students were left in a lurch when Corinthian
College shut its doors. It was one of the biggest shut downs in the
history of higher education in the U.S., and it`s offering a cautionary
tale not just for students, but also for investors.

Sharon Epperson has more.

(BEGIN VIDEOTAPE)

SHARON EPPERSON, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
Students and their families are still in shock after Corinthian College,
one of the nation`s largest for-profit colleges, abruptly closed its door.

UNIDENTIFIED MALE: You would think they would want to help us out to
clear their name, but evidently not.

EPPERSON: In mid-April, the U.S. Department of Education hit
Corinthian with a $30 million fine, for misrepresenting job prospects. It
also curtailed its access to federal student aid last summer, a major
financial blow to what was once one of the biggest for-profit college
corporations in the United States. Corinthians` closure this week shut out
16,000 students in six states. But its impact may not end there.

MICHAEL TARKAN, COMPASS POINT RESEARCH & TRADING: After this past
quarter, it`s just a reminder that we`re not out of the woods yet.

EPPERSON: Ongoing federal and state investigations for other for-
profit colleges and universities could impact many more students and
investors.

DEBBIE COCHRANE: I certainly think that other for profit schools
should be on the lookout for what might be coming down the pike and take
steps appropriately. You know, there are more than two dozen state
attorneys general, for instance, that are investigating for-profit
colleges. Many of them for issues like fraud and misrepresentation.

EPPERSON (on camera): In July, new rules from the Obama
administration will go into effect to create greater accountability and
transparency. When comparing a typical graduate`s annual loan payment to
their salary, for-profit colleges that receive a failing grade will be
ineligible for funding for federal student aid program. And at the same
time as regulatory pressures increase, for profit colleges have seen
declining enrollment.

(voice-over): About 1.3 million students were enrolled at a for-
profit college last fall, according to the National Student Clearinghouse
Research Center, a nearly 10 percent decline from the previous year.

Students at for-profit colleges represent only 13 percent of the
nation`s college students, but receive about 30 percent of total forward
student aid dollars and account for nearly half of all loan defaults,
according to the Department of Education. Other for-profit colleges with
weakened balance sheets and significantly depressed capital are coming
under scrutiny.

TARKAN: The two that come to mind for me are ITT Tech and Education
Management Corporation (NASDAQ:EDMC). Neither of those schools have been
subject to the delay that Corinthian was subject to in terms of drawing
down federal student aid. If that was to happen, then I think you could
see a similar chain of events although I think it`s still too early to
tell.

EPPERSON: Tarkan says even for the for-profit colleges that are
financially stable, new enrollment is under pressure. Also under for
pressure, Corinthians` thousands of displaced students who may see few
alternatives other than attending another trouble for-profit colleges.

For NIGHTLY BUSINESS REPORT, I`m Sharon Epperson.

(END VIDEOTAPE)

MATHISEN: This first Saturday in May is shaping up to possibly be the
biggest sports day ever for television in the United States. The line up
includes the Mayweather-Pacquiao boxing match, the Kentucky Derby, hockey
and basketball playoff games, the NFL draft concludes, and the baseball
rivalry, Yankees versus Red Sox.

According to a Nielsen poll, 52 percent of adults plan to watch at
least one of those events, that`s about 120 million people. And that`s
more than the number who watched the Super Bowl and it`s estimated that
$200 million, by the way, will be wagered on both that he boxing match and
the derby combined.

HERERA: And tomorrow, one man will have three horses competing in the
141st run for the roses, including the early favorite, American Pharoah.

Dominic Chu is at Churchill Downs (NASDAQ:CHDN) in Louisville,
Kentucky, with his story and his chase for the crown.

(BEGIN VIDEOTAPE)

DOMINIC CHU, NIGHTLY BUSINESS REPORT CORRESPONDENT (voice-over):
Outperforming the stock market over time is tough, but it`s even tougher to
outperform in the high stakes world of horse racing.

One family has managed to do just that. Meet Ahmed —

(LAUGHTER)

AHMED ZAYAT, ZAYAT STABLES OWNER: It`s race time.

CHU: — patriarch of the Zayat family and founder of the stables that
bear that same family name.

His horses have had runner-up finished in the Kentucky Derby three
times in the past six years. This year could be different.

AHMED ZAYAT: It`s the first time I`ve ever in the derby, I`m allowing
myself to daydream, because I know the disappointment and the peaks and
valleys and the let-down. But somehow this horse, particularly American
Pharoah, is giving me this confidence, not arrogancy, confidence, that I`m
the one that will do it for you.

CHU: That horse is American Pharoah, the favorite to win tomorrow`s
derby. Zayat also has two other horses running in the field of 20, Mr. Z
and El Kabeir.

The man running Zayat`s racing operation is his son Justin. A 23-
year-old student at NYU, he`s been involved with Zayat Stables since he was
a child.

JUSTIN ZAYAT, ZAYAT STABLES RACING MANAGER: My dream is to win the
Kentucky Derby. That`s my dream. You know, we`ve been here before. It`s
been a lot of fun. We know the adrenalin rush. I`ve done the derby walk.
It`s so exciting doing it. It`s an honor being back, but I want to win
that Kentucky Derby. I dream about those roses and I want them so badly.

CHU (on camera): All those dreams could be realized tomorrow night at
6:24 p.m. Eastern Time when those 20 thoroughbreds charge out of the gate
with three Zayat horses having the chance to win the America`s greatest
race.

For NIGHTLY BUSINESS REPORT, I`m Dominic Chu, Louisville, Kentucky.

(END VIDEOTAPE)

HERERA: I would be so nervous.

MATHISEN: I would be so nervous, too. Boy.

HERERA: It`s a fantastic race and I can`t wait to see it, but I might
have blinders on.

MATHISEN: Yes, boy, those horses are beautiful. Man, are they
pretty?

HERERA: All right. That does it for NIGHTLY BUSINESS REPORT. I`m
Sue Herera. Thanks for joining us.

MATHISEN: And thanks for me as well. I`m Tyler Mathisen. Have a
great weekend, everybody. We hope to see you right back here Monday
evening.

END

Nightly Business Report transcripts and video are available on-line post
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our guests and commentators are their own and do not necessarily represent
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on Nightly Business Report is not and should not be considered as
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