this is "nightly business report" with sue herera and bill griffith. g second half kickoff. stock marketns are capped as trade concerns persist making the sta of the third quarter much like the end of the second. >> in crosshairs, why a small ohio town finds itself caught in the middle of the u.s. canadian trade dispe. >> debits or credit. the answer to that may be digital. those stories and more tonight on nightly it's monday july 2nd opinion. >> and we welcome you. good evening, everyone. tech stocks rallied late in the day to help the page irindexes close higher t on first major trading day of the second half and the third quarter.

as one analyst put if, the constant threat of something worse istarting to take its effect on the market. because there's no clear end in with that, the dow jones rose 35 points to 24.307. the nasdaq advanced 57 and the s&p 500 was up 8. amman javers is at thee white hoonight with the latest on the trade tensions. >> president trump issuing something of a veiled threat to the world trade organization on a day in which canad announced the retaliatory tariffs havefe gone into against the united states. 25% on steel, and 10% on yogurtf and ketchup coming into the united states. the president met with the prime minister of the netherlands and he had this to say about the world trade onorganiza >> w.t. ofrmt has treated theit states very badly.

that's why we were at a big disadvantage with the w.t.o. we're not planning anything now, but if the don't treat us properly, we will be doing somethg. >> wilbur ross the commerce secretary was on cnbc earlier in the da he sai there was no particular level in the stock market that the white house was looking at understood to change its tariff related behavior. >> there's no bright line level of the stock market that's going to changepolicy. the president is trying to fix long term problems in a should have been dealtith long time ago, weren't. and they're obviously is going to be se pulli and tugging as we try to deal with very serious problems. >> the president has said again and again that heo does want get out of the world trade organization, not clear how he would put that into practice, though. and also, they feel strongly

here at the white house that with the economy a i strong as is, even though the stock market hasn't been as strong, now is the t te to makese moves that they're making in terms of tariffs and global trad they feel with a strong economy, the united states has the tondation that it needs now make these moves which they say will pay off in the future. >> for nightly business report, amman javers >> the largest american business group has launcheo a campaign oppose the trump administration's trade policies, haeer of commerce which is customarily a close ally of the republarty says if a global trade war does break out, ultimately pay the price, in response, the white house says it is focused on leveling the playing field for all american workers. >> amman moments ago mentioned the canadian tariffs on american products. one of those products is ketchup. the trade fight is putting a lot of pressuren a small midwestern town. sima modi is in freemont, ohio.

>> reporter: canada's retaliatory tariffs take aim at a number of ulzproducts. the small industry town of freemont, ohio concerned. ght behind me i the nation's largest ketchup plant whichuc pr 2 million bottles of ketchup daily. we are opposed to any change that impacts our ability to seamlessly move our products across theserd bos. slapping tariffs on ketchup was highly symbolic on canada's park. not only does kraft/heinz dominate 70% of the canadian ketchup market, but they closed a factory in canada years ago. in ohio most of its product is produced is a political swing state, which often determines who wins the u.s. presidency. over 51% of constituents back president trump in 2016.

>> heinz ketchup is an american product. >> patrick toomey from pennsylvania. kraft/heinz home state. this could have an advse impact on kraft/heinz and its projects. >> the solution for them, to be able to continue to sell their oduct in canada, would be to shut down their u.s. factory and move to canada, t they wojedn't be sub to these tariffs. >> resident thes of this small working town says this ketchup plant is a big source of jobs for people who live here. >> they're a i staple freemont, they've been here for years and years, as long as can i mber, and i'm pretty old in it is the mother ship of all kraft swlsh it makes the most ketchup in the entire united states very big. >> experts say kraft/heinz will have to make a decision soon on ho respond to canada's tariffs, by either eating the cost orassing it on to canadian consumers.

the latter would be risky. heinz is facing rising competition from french's, which has been marketing its ketchup as a made in canada alternative to american branded heinz ketchup. the stregy seems to be working. online in can dar a g on how toin avoid buy american products and opt nor canadian made items is going viral. topping the list, heinz ketchup. the question now is just how much canada's 10% tariff will impact demand for america's favorite red con dement. for nightly business report, freemont, ohio. >> among packaged food companies. hershey and tree house foods could see the biggest impact from canada's retaliatory tariffs. hershey exports the vafrt majority of the candy itselves in can dark instead o producing there as some companies do. tree house foods will pay import osriffs on some products.

small changes in for tree house could have an outsized impact on its earnings, becse of its low operating margins. shares of both companies finished the day trading lower. >> and concerns about global manufacturing also kept in check today. activity in the eurozone slowed in june. and by slightly more than previously reported. confidence among japan's manufacturer's weakened for t second straight quarter, amid concerns about the potential impact from the global tra fight. and a private gain showed growth in ina'sanufacturing sector slowed in june. >> as expected the department said today the u.s. is going to reimpose sanctions on iran. the first wave to begin in august will target trade, gold and the automotive sector. and include the goal of eliminating imports on iranian gold around theworld. >> our goal is to get as many countries as possible that

import iranian crude down to zero as soon as possible. to ensure market stability. >> add to that the suspension of oil exports from libya and questions about saudi arabia's production and you have a tug of war right now in the oil market. jackie deangelis has more o at part of the story for us. >> in a tweet this weekend on toil, president trump sai prices were too high. he said he spoke to kingalman of saudi arabia and explained the turmoil was causing him to ask the saudis to increase oil production, maybe up ton mill barrels to make up the difference. prices too high, he has agreed. the white house backed off that position a bit later saying that the saudis could raise production if need. but there were still many questions. would the 2 million barrels be in addition to the 1 million that owe beck said it would add ck? and did the king really agree? with no answers to those questiontr oil prices ted. but ever so slightly. with the 10% spike ince oil p

and the 4th of july this week, prices at the pump have been rising. gasoline prices have reached their peek barring any major refinery disruption for the rest of thesummer. demand has been flat and actually a little bit lower than last year at this time about. >> i think crude oil could reach 78, $79 a barrel. i don't see $80 a barrel. there will be intervention if we see prices go much higher from here, there's a seasonal factor involved in crude oil too.he where aft fourthly of demand is going to start dropping for that also. g aaa says the average price for alon of regular is 2.86. that's up 51 cents from this time last year. they also say this week more m than 4lion americans will travel more than 50 miles away holiday. that's a 5% increase from last year and the highest number since started tracking the statistic 18 years ago, the majoeoty of those pple will travel b car, almost 40

million, and they'll all be digging a little deeper when it comes time to fill up. maybe prices will level off after the fireworks. for nightly business report,el'm jackie dea. >> drivers in seven states wilpr notice highees when they go to fill up. > that's because gas tax increases went into effect over the weekend. oklahoma's increase was t first in 31 years. the revenue will help fund pay raises for teachers there. south carona, diana, maryland, tennessee, vermont and iowa also raised their gasax as of july 1st. by the way, nebraska moved in th other direction and lowered its fuel surcharge. joining us to talk mor about the oil market and where he sees oil pricesoing is rob summel. he's the portfolio manager at tortoise capital. you make the point we're ent entering a new era.

is there more to it than that. >> it's more than that. we haven adequate supply of inventory throughout the world. fracturing has changed the game. there's an adequate supply oft oil throughhe world. consumers don't have to be cot.erned about oil running >> do you see oil pricesmu goin higher and what will u.s. producers be able to do about that, do you think? >>he's no doubt -- there's little to no margin for error in the oil markets right now. >> geoolitically there a a lot of things going on. saudi arabia is being asked to increase production.

takes time. we think oil potcestially could spike, but ultimately they're going to come back down and be around 55 to $65 per barrel for a extended period of time, as an energy portfolio manager, that's exactly where wb want prices many. >> how do you invest against the environment tha you just described. you gave us some picks. one of which is shenier ienergy. s really unique, we like to skate to where the puck is going. actually, natural gas is really a critical commodity, it's an essential commodity. and ieshenergy is in the heart of it. they liquefied and exported it to countries around the world. around the world what's happening in the energy sector. is carbon dioxide emissions is

declining. consumers are using more natural gas and less coal to generate electricity. as a resul of that, they're positioned to benefit from this. >> you're going for the pipeline company, not the oil producer, very quicklywhy? >> real quickly, that's an infrastructure company. it's building out infrastructure in the permian basin, it's one of the lowest cost producing basins in the world. itenerates a lot of medication for your investors, plains is a great place to isoest. >> thankuch. >> as you know, mexican voters over the weekend elected a man who promised profound change as their next president. the victory of leftist manuel opez could pave the way f nafta negotiations. the trump administrations appears to be in sync.

the new mexico president says, as we'vert re, he's considered to be more receptive to raising labor standards in that country. the very low wage has enticed u.s. companies to move production south of the border. it is time to take a look some of today's upgrades and downgrades, we start with dow component, which was down graded to neutral from buy. the analyst sites a lack of clarity on its strategy, negative investort. sentim the price target is 64, the stock rose nrly 2% to 613. general electric's under weight rating was maintained. the turnaround strategy will not lead to a higher stock price, and the stock's current valuation is too high. $11.price target is the stocks sell nearly 2% to nordstrom's rating was cut to market perfornce.

the analyst cites weak sales at its brick and mortar locations. price target $51, shares fell about 2%. shares of wells fargo were upgraded to equalht we the analysts cited the bank's recentng passi grade of the stress test. that stock rose 1.3 1/2% to still ahead, will the stock market losers of the first half turn into the winners of the second? t >> first half is over and now trading in the second half is underway. some investors want to know if the worst performing blue clips

will make a run in the next six months. >> for those that stick to the blue chipes dow j industrial index only a third of the do you have is on a positive territory for year to date basis. walmart has bee one of the lagers about the retail giant es been locked in a fierc az battle with am.com over where consumers spend their money. a big part of walmart's story ill involve sales trends, especially online, including here in the u.s. analysts track a13% up side to today's value. >> another bigger lag ert is a new entrance to the dow. we're talking walgreens booth

alliance which recently general electric in the index. wall greens has been changing with the health care and retail landscape looking to get more into consumer health care that stock down around 17% year todate. analysts think shares could rally 23% on arage from current levels. the worst performing stock in the dow this year is 3m, the diversified conasomerate lost around 17% in that te frame, with some investors focused on growth and its exposure to sales in china. trade and parifficies will have an effect on it and other large companies with significant siness in china. one thing many experts agree on, driving market volatility could be here to stay for the balancing of the year. dell is about to be a public company again. that is where we begin tonight's focus after a five-year stretch being private. dell said it's planning to buy

out dvmt. investors of dvmt can swap their shares for dell's class c common stock or take a cash offer. the decision was made to help simplify the company's corporate structu n structure. >>e last five years, a lot has changed. we've transformed the business, become the infrastructure company. ngreally c the profile nature of the company in terms of our caparolities. a set of capabilities. this is about simplifying our capital structure, and exposing the value we've created to sharehold shareholders. >> shares sored by 92% today. tesla produced slightlyth me 5,000 model three vehicles last week, barely topping its own goal for thatweek. the company made 5,031 model

3s's. e automaker says it expects to ramp up 6,000 model 3's per week gust.e end of shares traded lower as analysts questioned whether the company can sustain the oduction rate. axiom is reportedly nearing a deal to sell itsng marke solutions unit for more than $2 billion. reuters said it would ge axiom better access to their data. they're interested in selling the remaining businesses at some point. shares rose 14% to 34.21. meanwhile, shares of interpublic group were off, almost 22% to 23.03. shares of wynn resorts took a hit last month after macau

income took a plunge. after the bell, herman miller said a rise in orders across all divisions helped over all sales rise and top expectations. the com rnysed its dividends 10%. ares of herman miller were higher and in after hours they finished the regular session up more than 1/2% to 34.45. a newve ssays more americans are leaving their debit cards in their wallet. 74% of americans used them in 2013 compared to only 58% today as consumers now turn to credit cards and mobil payment options. jo ning us right is kimberly palmer, she's banking and personal financial expert. >> i gss digital technology is

more convenient. >> people are finding they have so many more options now, other than debit cards and with the growth of mobil payments, they have soany choices that they're seeing less of a need to pull out their debit rd. >> know that everyone says that there's all sorts of a encrypti things like that, i'm a scardy cat. i still use my debit card. because i'm worried about security in mol banking. what kind of safeguards are there that make it safer than using a debit card. >> it is a legitimate concern. it's sething a lot o people are worried we've seen cases through your phone, sending and receiving payments. we've seen cases of people ending money ake, to the wrong person and not getting it back, and also examples of fraud, it's absolutely a legitimate concern. there are steps you can take to lower your risk, however,am for

e, you want to always make sure you're spending money thugh peer to peer payments, and sending money to friends and family, andvoing sending money to strangers when you're buying or selling online, for example. and double checking the number that you enter, the e-mail address that you enter, many times the money is lost as a result of a mistake that peomae , which is so easy to do. >> and credit cards many of theh offer cack awards that makes them more enticing, right? >> that'sright. credit card rewards are something that's so appealing to consumers. you can get cash back, points to put toward avel. and because we've seen so much growth in the credit card rewards that are being offered, onsumers are really drawn to that with credit cards you have fraud protection, so you don't have to worry about that. >> we hope. kimberly with nerd wallet. thanks for joining us. >> thank you. coming roup,d the clock access to doctors, when you need them.

i'll tell you how a new york ty start-up is trying to take emergency care to the next level. with a private er in new york city and private ambulance service leer in the hamptons. i'll have details coming up. the epi pen may soon have new coion. a unit of novartis is buying the rights for an epinephrine injector. it's buying the rights from atamis pharmaceuticals which received fda approval for its injector last nyar, the com has been looking for a commercial partner since that point.el shares while atamis which is a micro capped stocked s

some 50%. >> imagine having a doctor on demand. well, that's the idea behind concierge medicine. and the busins model behind a start-up, is looking to expand. now, the service is pricy, but for some, they sayth it's it, bertha coombs as you saw, hashe story tonight from montauk, new york. >> when evan gets migraines in the middle of the night. they are debilitating. >> i would go to the er, because i didn't know where else too good. >> last month he went to priority private kash. >> they saw me and gave me the attention i needed rht away. >> the concierge emergency room in new york city offers 24 hour access to er doctors and state of the artimaging. >> the only place that has a cat scan in the city are the s. hospit if you go there in the middle of the night, you are going to wait. >> it was ben kruger's dad's

idea. he wanted a better er choice for his patients. >> we found a radiology center that had all the imaging we wanted. we're able to partner into it, an that's enabled to give us access to that equipment without putting a severe amou of can nt capex io it. you. >> still need health insurance. >> when i would go to ere ncy room, the bills were peveral thousand, and members is a few thousand, it covers one er visit without the four hour weight. >> they now have 1300 members, but a lot of them spend time on theeach in the hamptons on new york's long island. so this summer, they aed emergency care, including an ambulance equipped with a portable x-ray machine in order to meet demand. next year, they expect to have a second facility in new york city as well as a permanent facility out here in the hamptons.

for nightly business report, i'm better that coombs in montauk, long island. a final look at the day on wall street, the s&p 500 was up 8. >> happy second half. >> here we go. tomorrow's a half day of trading by the way. >> that's right, it is.'m >> sue herera, thanks for joining us. >> have a great evening, see you tomorrow.

♪ >> this is "bbc world news america." >> funding of this presentation is made possib by the freeman foundation, kovler foundation, pursuing solutions for america's neglected needs, and purepoint financial. >> how do we shape our tomorrowi it start a vision. we see its ideal form in our mind, and then we begin toch el. we strip away everything that stands in the way to reveal new