the u.s. is back on top. those stories and much more tonight on "nightly business report" for this friday, june good evening, everyone. welcome. well, thing westbound chilly north of the border. world leaders gathered in a quec fo meeting of the g7, a

summit of the major industrialized nations. historically global issues are discussed. there's usually no drama and little nsion. this year it's different. it's because of mounting trade tensions between the u.s. some of its closest allies. kayla tausche is in quebec city for us tonight. i> blue skies and -- after promptmposed tariffs, citing national security risk. uk prime minister theresa may called for an immediate rollback. europeans pushed by have been in place forver 20 years, as world leaders met, companies pushed for actiontoo. in the u.s. the business roundtable urgedengagement, not friction. in canada. pete assignmentens, the ceo of the oldest lyfaun business,

worry leaders are missing the opportunity to move forward. my greatest fears we don't have historic at perspectives, obd we connue to apply ideas past ideas that arlete to modern-day problems. >> reporter: failing to keep the u.s. in the iran d nucleareal and the paris climate accord. beforeg, leavinresident trump added a new curveball for the one-time group of eight, bringing russia back into the fold. e>> russia should be in meeting, it should be a part of it. you know, whether you like it or not, and it mayot be accomplicically corree politically correct, but we have a world to run. the g7, they threw russia out. they should let russia come back we should have russia at the negotiating table. >> reporter: russia was expelled in 2014 after invading crimea.

european officials say the u.s. should strengthe the g7 instead of adding new challenges. canada's foreign minister says russia continues to flaw flaut the rules. >> there'so reasono bring russia back into the g 2k7 7. they usually issue a joint communique. in the past free trade has been among them. free lund said that joint pledge is stillthe works and a white house official still says 's the hope that the u.s. signs on. i'm kayla tausche, in quebec city, canada. > meanwhile, the u.s. pork industry finds itself in the middle of the tough talk on trade. 25% tariffs imposed by china have now been followed by tariffs from mexico. that is starting to squeeze farmers. jane wells is in des moines iowa for us tonig.

>> reporter: america's hot producers have a beef with the trade war. >> every tim we get a free trade agreement, exports are a very important part of my business. >> this is one industry that has a trade surplus. last oryear's exp reached record volumes, which may be one reason why it's not being started with retaliatory >> if you think of the pork industry like a pig, more than a quarter of it is exports. 40% of that is mexico and china. that's the problem. mexicoams ica's largest international buyer by volume of amer san pork,ond largest by the amount of mon it spends. $1.5 billion last year.ht china is r behind it. >> our producers depend on glob markets, and we need those global marketssfo be succes as an industry. >> reporter: there is a lot of trump supporters here at the world pork expo. despite the tariffs, you would

be hard pressed to find, we'll be stronger coming out of this. >> i'm sure it will have some effect, but on the other hand we need fair play in this dealing, straight across the board, so i guess i support our president that policy. >> reporter: still, tariffs may make u.s. pork less competitive at a time when supplies are up andduction is at record levels. with less bacon going abroad, more of it will stay home, prices will go down, and at least that will be good news for consumers this summer. for "nightly business report," iowa. lls, des moines, reuters is reporting that mexican authorities will allow ou.s. farmers sell some pork to mexico through import quotas, despite the tariffs. on wall street investors were able to shrug off some of the tension surrounding the g7, extending the stocks to a higher closed. dow jones industrial average gained 75 points for 25,316, nasdaq added ten, s&p 500 was up

eight. idr the week the major indexes were all s higher. the dow posted its. big change are coming to verizon. the dow component has picked its next ceo that news sent shares of verizon uplightly in today's trade. julia boorstin looks at the man who will lead the nation's largest wireless carrier. >> reporter: a changing of the card at verizon. lowell mcadams will hand the reins over for hans b vetserg on august 1st, showing howhe leader is prioritizing its technology, the next-generation network. vets berg, formerly the ceo of a here's w tim arm tron the ceo of oath division said about the appointment.

>> impact is great,ecse it's really about 5g. 5g is where the world is going, with hans as ceo, that tells you how serious we have about (5g. for us this is pure signal, pure leadership sign that verizon will be the leader in 5g. mcadam saying that the board wanted somebody to be are to be innovative. this comes as they lieu subscribers to the number three mobile carrier t-mobile, positions with lowerts c and more perks. it recently announced a mergeser with sprint. vesberg saying with precedented changes in the way users interact, the company is racing ahead. for "nightly business report," i'm julia boorstin in los ge it is te for tak a look

at some of today's upgrades and erwngrades. pfhares were initiated with an overweight rating in new coverage at canter fitzgerald. the analyst expects pfizer to have -- despite the -- the price target is $45. the stock finisd slight slightly higher to 36.67.th same annual it's with an overweightti . the firm cites -- the price target is $100. the shares wer a fraction to 86.08. dow component chevron was initiate with a buy rating. the analystxp therets the company's annual oil production to grow thanks to what he cls the mega-asset areas. price target $145. that stock was pressured today by a decline in oil prices. domino's rating was cut from hold to bias, citing the

potential for hher labor costs as well. that price target is now 270. that's where the stock closed essential today at $270.04. still ahead, why our market monitory says small-cap energy stocks could offer some big returns. argentina has agreed to a 0 billionoan from the international monetary fund. the deal requires argenti to cut its fiscal deficit and lower the inflation rate. the loan amount was larger than expected, more than double what is usually granted in similar f arrangemenm the agreement, though is being viewed by some as a votnc of confi in argentina's reforms. a number ofra demc

senators are calling for an investigation into president trump's tweet before las friday's employment report. in that tweet, the president said he was, quote, lookirw d to the report which he had already viewed. the senators question whether the president's tweet cld have signified a positive rllort, potentallows for market manipulation. they want the bureau of labor statistics, the cftc and white house counsel up of economic advisers t all look into the matter. elsewhere the trump administration said it will no longer defend the affordable care act from f a challened by 20 states, resulting in yet another new blow to the health law. the white house believes the individual mandate is unconstitutional and that parts of the lawre invalid, and the justice department is seeking to strike down key elements of the ac this latest legal filing creates more uncertainly for insurers who are trying to set rates for next year. the world's fastest computer

can do in a second what 28d take you and i billions of years to do. the company behind in super-computing machine is a name familiar to investors. dominic chu is in oseridge, tenn for us tonight. . >> reporter: which country has the best super computer? you would likely say it was for the united states. for years we did until we lost that crown to china, but that chand today when the u.s. regained the title here in tennessee. thanks to sonnet, that's the me the energy department has given the latest pinnacle. it's a collaboration between , ibm, nvidia and the chiefs of discuss.ee gathered t >> this is a great symbol of our ability to change how the world wores. together woing to sound some of the most important aproblems. going to work on alzheimer's, we are going to ook at new materials for energy. >> reporter: a big driving force behind the development of the summit is to maintain

superiority in technologyg somethhe government is very focused on. >> this competentition is real,g it's not g away. the chinese have the two fasters, the swisser next, and we're in fifth place, but with this opening today, we're going to move backp to the number one spot. >> reporter: this is the epicenterf sonnet. all of these computer banks fill up the room of roughly the size of two tennis courts. all of those computers requires a lot of cooling power, so there's roughly 22,000 gallons of water flowing through here to cool all of thesesy ems. that's roughly how much water there is in residential swimming pool. and, by the way, there's enough fiber-optic cable running thus these computers to stretch 180 miles. for reference, that's roughly the distance between knoxville and nashville, tennessee. this isn't just about who has the most computing power. some ceos have their eyes on a

bigger goal. >> this is not the space race, this is the race to knowledge. >> reporter: knowledge is powere summit super-computer is officially built for artificial intelligence i'plication. dominic chu, oak ridge, tennessee. phillips morris is hiking its dividend. the cigarte maker said it was raising its quarterly dividend 5% to 1.14 a share, the new yield on that dividend will be just under as a result. shares of philip morris rose more than 2% today to $79.42. general electric is leaving its didend unchanged, at least for now. the company said that it would pay shareholders 12 cents a share for the current quarter, the same as last quarter. geut its dividend in half last november, d there have been fears recently that the company would have to cutt once again. but not right now.

shares of ge rose 1% today. and eu regulators are repoedly on tra to green light comcast's bid for european tv company sky. reuters say the approval will come without concessions. comcast shares finished up a fraction to 32.08. comcast is a parent company of cnbc, which producing this program. apple supplier dialogue semiconductor is reportedly in t talks with touch-screen technology maker sin nap ticks about a potential mergeser. a separate report said they accepted an offer in march whicu the company at $59 a share, ad new deal wokely be at a higher priors. shares climbed for. and shares of stitchfickco inue to rally today as it blew right past wall street estimates after the bell last night. today's shares finished up 26.5%

to 2488. this week market monitory says he is putting his money to work in small-cap centering names that he believes are mostly isolated from ongoing trade tensions. he also believes they could end the yea 20% higher. last year he was with us the ishares dow jones regional bank's etf, which has gro by 19% and first truck stocks european select -- which is higher by 6%. we welcome back steve doodash. welcome back. >> nice to see you, bill. >> are you just trying to avadd tensions by going with these? >> i mean, listen, we're in a trade wa it's not fun to talk about and we're in the early innings,nd we can debate the politics, but the realityve is we to

organize our portfolios around it. like we wereut talking a before last year, we have been talking about jumping in small caps for 15 months, if you had done that, you would have been up over 8% over the marke last year. that's because they are better suited for this political environment we're ein, and just have to accept that. so we're trying to avoid some of the pitfalls that will come in the next year or two. >> so you gave us three picks. let's start with parsley energy. >> parsley energy of the three, it's the most generic, it's a -c and you could several in that same sector, but energy prices like we've been aalking abou going to be hitting the 60s 70s for quite some time. we were saying it's not a realistic number. it has to get ut and has, and so we're taking advantage of that, and let's be host, u.s.

fracking isn't going act. it's going to continue to grow. they make a lot of money on it, so this is a smaller, again, tactical play. this is not a long-term hold. this is one you're in while and you've got to get out. >> all right. what abosynovis energy? >>t they are j like amazon. when you're talking about amazon, people thought it s super-pricey, but they had cornered the marketn something. this is the same story. they can pulln canad oilsands out cheaper than anybody else, in the 30, $35 a barrel range. again prices will be in 60s a 70s for some time. they can make more money. they divested, and before they had to hit 50 something a bare, now they're 30 something a barrel. they're going to profit more than their peer they can do something cheaper,

more efficient than their competitors. and ilsolaris field infrastructure. >> back to the fracking play. the infrastcture and technology that's involved in it, they're the backbone for that whole industry. that's probably the safest of the bunch. that's the one that will be around for a long time you can't it doesn't e.st in the u anymore, which is going to be quite some time. if you're looking for tt saf of the three, that's one you could ride out for a time. thank you, steve. always good to see you. for more on hispi s, head to our website at nbr.com. anthony bourdain was a chef, an author, a travel host and quite the storyteller, who today was found dead of an apparent suicide. robert frank takes a look at the man who has turned his name into a powerful personal brand.

>> reporter: he was called a celebrity chef, but like everything else in his life, anthony bourdain defied convention in his brand and hisi ss. bourdain came to the success later in life, at the age of 44, after troubled youth with drug addiction and financial troubles, bourdain worked in various new york kitchens,ev tually rose to become executive achieve at less halles, but his big break was "kitchen confidential" becoming a best-seller in 2000, selerng ov a million copies. he leraged that success in more than a dozen books and cookbooks, appearances on "top chef" three of his hone shows. the most recent show "parts unknown" on cnn was in production for the 11th season en hedied. the show won five emmy awards. unlike many food celebs, he did not launchha a c of restaurants or food products.

he did have plans for what he called bourdain market, a giant food hall in lower manhattahe but t project fell through last year. he also invested in food and travel site roads and kingdom. bourdain said he preferred to be called a storyteller, taking viewers to his favorite secret hideays and askinghat he sid were two fundamental questions -- what makesen hap y happy? and what do you eat? he's survived b his 11-year-old daughter and his ex-wife. for "nightly business report," i'm robert frank. and nbr will be right back. acebook reportedly gave companies access to user records

well after the company said it had shut off access for other developers. according to the journal," the company struck data-sharing deals with a small number of firms. those deals included information abou a user's facebkfriends, including phone numbers. the report comes as lawmakers try to hold facebook accountable for the way it manages its user information. kia is recalling about haf million vehicles behalf potential faulty air bags. theautomaker says an electronic glitchre maynt the air bags from deploying. the recall folloal a fed investigation into four deaths and six inries. kia has recalled more than 1 million vehicles in the u.s. to address this issue. well, t it is offthe races this weekend. the 3-year-old colt justify will be competing for horse racing history. hoping to become only the second horse since 1978 to capture the triple crown.

eric hemmy is in elmont, new york tonight. >> reporter: the belmont stakes is not just about the excitement, but also big business, with millions more dollars at play because of thei trle crown. betting on theouace cld reach $100 million, double a typical year. -he race tack is sold out and it's expected toather than a typical 6 million, the members or -- the concern, it's a new concept for everybodo when we explain to him, it's like a chinese yao ming winning the nba. >> the horse's owners could cash in even more. >> winstar farms i the primary owner, and it sold rights to a private jet company wheels up for a report amount in the seven figures. >> this is the largest deal in

the history ofor racing. we did the deal for american pharoah, and californi chrome. and it was a big deal. we did monster, the big deal with american pharoah and wheels up. it's a bigger deal, but they get mu more. they gets the pants, the hat, the blanket on the ephorse. >>orter: the big money is in the breeding rights long after the belmont. it's expected that adjust's breeding rights tube sold for a record $60 million. >> the way you look at buysrs and own horses is it's about the big horse. all th horses in a group don't -- aren't profitable. that can have that one, special horse that can get you a grade one win, our goal is to havene out of eac crop. if you get two or tthree,hat's a bonus. if you get one, can you pay for the whole. >> reporter: the triple crown

means a lot more money. for "nightly business report," i'm eric hemmy in elmont, new york. the dow gained 75 points to close out a pretty strong week the need dak added ten, and the s&p was up eight. r the week, the major averaging were all solidly imgher. first in a while. >> i know. watch the belmont. >> we'll be on it. that's "nibusiness report" for tonight. i'm sue herera. thanks for joining us. this is the time of year your public television stations seek your ort. >> we do thank you very much for that support. have a great weekend, everybody. see you again monday.

steves: a good place to sample today's turkish character is in ankara. a small prov town just a century ago, today ankara, with over four million people, is the vibrant capitol of a modern nation. the city is a thriving example of turkey's new affluence. energized by busy boevards, prestigious universities, and striking malls, ankara is contemporary turkey. if turkey is more modern and comfortable with the west than other islamic countries, it's because of its greatest statesman -- mustafa kemal ataturk. this is the mausoleum and memorial museum honoritu the father of moderey. inside, the museum tells the story of this amazing man, whose career started as a military hero. itth hard to overstate importance of ataturk. it's been said that the turkish nation should thank god for ataturk... and thank ataturk for everything els

mustafa kemal was a heroic leader in the first world war. after the war, he drove out the allied occupation rces, overthrew the ottoman sultan, and saved turkey fro euro. then, in 1923, he established today's turkish republic. a grateful nation renamed him ataturk or "father of the turks." as the first president of the republic, he built the foundation of modern democracy here on the ruins of a corrupt empire. a long hall celebrates enthe impressive accomplis of ataturk. he separated mosque and state, emancipated women, repl ed the arabic script th europe's alphabet, uced western-style industry, and legislatedity for all citizens.

g the memorial site ndiose, with avenues of lions and formal guards giving visitors a sense of patriotism and nationalism. the mausoleum itself crowns the site like a grand temple, giving those who visit a feeling of reverence and respect. rims from all corners of turkey stand before the tomb of aturk and remember the father of their nation.

>> this is "bbc world news america." >> funding of this presentation is made possible by the freeman foundation, kovler foundation, pursuing solutions for america's neglected needs, and purepoint financial. >> how do we shape our tomorrow? it starts with a vision. ur see its ideal form in mind, and then we begin to chisel. we strip away everything that stands in the way to reveal new possibilities. at purepoint financial, we have designed our modern approach to banking around you --