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QUEST MEANS BUSINESS

Dow Has Capped A Strong Week With Its Third Straight Gain; Donald Trump Gets Down To Business With His Trade Rivals At The G7, Argentina Gets A $50 Billion Bailout From The IMF; The World Mourns The Loss Of Anthony Bourdain; Verizon Says Chief Technology Officer Hans Vestburg Is Taking Over As Its CEO; IBM Is Helping The US Over Take China With The World`s Fastest And Smartest Super Computers; New Manafort Indictment Alleges Obstruction Conspiracy; Trump Urges G7 to Include Russia Again; Putin Meets with Xi on State Visit to China. Aired: 4-5p ET

Aired June 8, 2018 - 16:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


[16:00:00]

MAGGIE LAKE, CNN HOST: The Dow has capped a strong week with its third straight gain, it is Friday, the 8th of June. Tonight, Donald Trump gets

down to business with his trade rivals at the G7.

Argentina gets a $50 billion bailout from the IMF. You will hear it from its former Central Bank Chief. And there is no business like show

business. The Tony`s are this weekend and I will sit down with one of Broadway`s biggest producers.

I am Maggie Lake is "Quest Means Business."

We will have all the business -- the day`s business news in the hour ahead, but it is also a sad day here at CNN as we mourn the death of our

colleague, Anthony Bourdain. We have heard tributes from around the world and throughout tonight`s program. We will pay our respects to a man who

changed the way the world thinks about food.

First tonight, Donald Trump is facing a showdown with his G7 allies who have suddenly become some of his biggest rivals on trade. There is little

sign of awkwardness so far this weekend at the G7 Summit in Quebec.

The US President went in with guns blazing and with tariff and Twitter spats against US allies. He has also shocked the other world leaders by

saying Russia should be welcomed back into the fold. Yet, the other attendees have openly said they will go it alone if need be. Later this

hour, Mr. Trump is set to meet with Prime Minister Justin Trudeau of Canada.

Trump says he has to fix America`s trade deals.

(BEGIN VIDEO CLIP)

DONALD TRUMP, PRESIDENT OF THE UNITED STATES: We have massive trade deficits which almost every country. We will straighten that out. And I

will tell you what, it is what I do. It won`t even be hard, and in the end, we will all get along. When it all straightens out, we will all be in

love again.

(END VIDEO CLIP)

LAKE: Paula Newton is in Quebec sitting closet to the summit and joins us now. It is easy to Paula, this is a momentary thing and everyone is going

to be in love again. I am not sure that`s a sentiment shared by some of the other world leaders there?

PAULA NEWTON, CNN CORRESPONDENT: You think it sounded a little too good to be true? And to add to that, we know that Canada`s Foreign Minister just

met with Robert Lighthizer, the US Trade Representative, not exactly coming to terms on that entire issue either. There is so much to talk about.

You know, Maggie, I was going over just some of the family photo there. Clearly, Donald Trump going out of his way to stay away from Justin Trudeau

and Emmanuel Macron. They just are wrapping up a working session and then as you mentioned, Trudeau and Trump will go into a bilateral.

It is clear though that on both sides, everyone is giving as good as they get. Now, while it was the Canadian`s perspective that they wanted to try

as much as they could, hour by hour, to deescalate the situation, the issue is what kind of -- really what kind of a agreement they can come to and

whether or not they can even issue a joint communique.

Remember, Maggie, those communiques as you know, they are in progress for months and months ahead of time. The Trudeau government still clinging to

the point that they want to try and get one out there even if they can`t come to any terms on trade.

LAKE: And Paula, complicating the economic issues, which are certainly at the fore is also this suggestion at the last minute that maybe Russia

should be welcomed back in?

NEWTON: Yes, do you think maybe Donald Trump was trying to tweet his allies there a little bit? I mean, look, it`s a nonstarter with the other

six people at the table. Frankly, it was likely a nonstarter with some people in Donald Trump`s own Cabinet, the fact of letting Russia in there.

But he is tweeting them for a very valid reason. The issue is that the EU allies in particular feel that the Russia sanctions should be softened just

a little bit. They were kicked out of the G8, it is now the G7 in 2014 when they annexed Crimea. No one had any intention before Donald Trump

brought it up that they should be brought back into the fold.

And even more to the point on that communique, some people are pointing to the fact that there might even be a veiled reference to Russia when Justin

Trudeau has been working on this for a few months in trying to put a handle on what Facebook and other social media outlets do when it comes to

election because it`s one thing that has been obviously a pet peeve of all the allies, the fact that Russia has been seen to be meddling in their

elections.

LAKE: A lot of grounds to cover and to come to terms with. Paula, thank you so much. Paula Newton for us.

Now, Paula mentioned the US President has rattled his allies by saying Russia should be invited back into the G7. Moscow was suspended from the

group in 2014, you`ll remember after the Russian annexation of Crimea. Matthew Chance has more from Moscow.

(BEGIN VIDEO CLIP)

MATTHEW CHANCE, CNN CORRESPONDENT: Well, Maggie, there has already been a dismissive reaction from the Kremlin to bring Russia back into the group of

industrialized nations. The Kremlin spokesman says Russia is now focused on other formats. Its position since being suspended from the G8 back in

2014.

[16:05:16]

In truth though, the Kremlin is likely to have very mixed feelings about this idea. On the one hand, it desperately wants to have sanctions imposed

against it removed, but at the same time, the leadership here has grown immensely skeptical that this US President could do anything that he says

he wants to do and when it comes to Russia, remember, President Trump promised a dramatically improved relationship with Moscow, but has failed

to do that and instead has found himself ratcheting up sanctions instead.

At the same time, the Russians must be looking at all of these with a certain amount of satisfaction. For decades, its overriding foreign policy

objective has been to weaken the Western Alliance to undermine western institutions, and to drive a wedge between Europe and the United States,

that work is now essentially being done for them by the US President himself.

Remember, the whole reason that Russia was kicked out of the G8 in the first place was to protest against its annexation of Crimea. It has also

been accused of meddling in the US election, fueling conflicts in Ukraine and Syria, shooting down a civilian airliner and carrying out a chemical

weapons` attack in Britain -- all of which have been denied by the Kremlin.

But for the US President to suggest bringing Russia back in from the cold with no conditions attached, threatens to further widen the growing gulf

between Washington and its allies. Maggie?

(END VIDEO CLIP)

LAKE: We will be back at the G7 later this hour. Moving on to our other top story. We are all remembering Anthony Bourdain in his own way tonight,

in our own way. Whether you met him in person or you watched him on television, his personality drew you in. This is how President Obama

remembered him.

"Low plastic stool, cheap, but delicious noodles, cold Hanoi beer. He taught us about food, but more importantly, about its ability to bring us

together."

Here in New York, a deli that Anthony Bourdain frequented set out his usual breakfast order by an empty chair -- Nova Scotia eggs and onions with a

bagel. Anthony Bourdain was 61. He was found in his hotel room in Colmar, France. CNN`s Jim Bittermann is there and here with me, Alex Marquardt has

more on the response to his death, and Jim, let`s start with you.

This was such an utter shock to everyone as this news crossed. What do we know?

JIM BITTERMANN, CNN CORRESPONDENT: Well, not a whole lot there, Maggie. Basically, he was found in his hotel room this morning. He was found by

Eric Ripert who was a chef -- guest chef on the program that he was producing while he was here. He was all set starting on the new production

of the 12th season of his famous program, and he was in a small town not very far from here.

The production crew all were silent afterwards and Chef Ripert didn`t want to speak for the cameras. He did issue a statement. He said, "Anthony was

a dear friend. He was an exceptional human being, so inspiring and generous, one of the great storytellers of our time who connected with

many. I wish him peace."

So, I think the crew that was around him at the time totally shaken up by this and I talked to them off camera this afternoon, they said basically

that they were shocked and there was nothing in his demeanor that made them anticipate anything like this happening. However, it should be said that

in some of his programs, in the past years, he did talk about the depression that he sometimes suffered.

So, it could have been something like that, Maggie.

LAKE: Yes, he was open with it all. Jim, thank you so much. Alex, I have heardr so many people today describe this as a gut punch. Whether people

personally knew him, whether they were fans of his show, and I think it`s partly because of what Jim was just talking about, he was so open about his

life and he was open about the fact that he had faced so many demons and I think we all thought that he had conquered them.

ALEX MARQUARDT, CNN SENIOR CORRESPONDENT: Faced a lot of demons early on in his 20s. He used a lot of drugs. He was addicted to heroin. This was

someone who was very raw, who is very genuine and that is what was so appealing about both him and his television show. He touched a lot of

people, both those who he met in person and a lot of people in this building are suffering from that gut punch today, but also people he took

with him on his journeys around the world all the way from his legion of fans and they really were this army of fans. There were millions of them,

to celebrities and fellow chefs who were paying their tributes, all the way up to President Obama and President Trump, as he left for the G7.

You read that tweet from President Obama. Perhaps, the person who was closest to him in recent days was someone who had been dating, Asia

Argento, an Italian model and she tweeted this afternoon that, "His brilliant, fearless spirit touched and inspired so many and his generosity

knew no bounds." Celebrities like astrophysicist, Neil deGrasse Tyson, fellow chefs like Gordon Ramsay, and then we here at CNN, people have been

walking around in a daze, stunned all day and shortly after this news broke this morning, CNN did put out a statement, which said in part, "His talents

never ceased to amaze us and we will miss him very much."

[16:10:13]

MARQUARDT: So, feelings that are shared by many around here and around the world today.

LAKE: Absolutely, and you know, we are going to air a special tonight. We have been showing so much of his life, his work, sharing his stories from

his friends and honoring him as we will continue to do and is right to do and he deserves, but it is worth pointing out and important to say that

there is nothing glamorous about suicide and or noble about it, and this episode coming so close on the heels of Kate Spade, I think has really

shone a light and a lot of people, in addition to remembering Anthony are taking an opportunity to talk about mental illness and the disease that

drives people to do something so hurtful like this.

MARQUARDT: Right, it`s been an absolutely horrific week. I covered Kate Spade`s suicide as well earlier this week and if there is any silver lining

to come from all these, it`s hopefully, the attention, the light that is going to be shined on this horrific disease, I think a lot of people will

look at people like Kate Spade and Anthony Bourdain and say, "Well, they had it all." They were rich, they were famous. Or they could say, "Well,

they are being cruel." Each of these people left behind young daughters, 11 and 13 years old.

But we don`t know what is going on in people`s lives. We don`t know what demons they are facing. We do know that in the case of Kate Spade that she

had been suffering from anxiety and depression for some five years, but at least in terms of the statistics, here in the States, in 2016, more than

half of the people who committed suicide had not been diagnosed with any sort of mental health condition.

People can suffer from substance abuse or financial stress or relationship issues, and what people need to know out there is that suicides are on the

rise. Around the world, there are around one million people who commit suicide annually. The WHO -- the World Health Organization estimates that

every 40 seconds, someone commits suicide and they think that by 2020, that`s going to go up to every 20 seconds, so double.

And particularly in the wake of these two very famous people who committed suicide, there is a worry that there will be what professionals call copy

cats, so, people out there who are feeling down, who are feeling like they might have suicidal thoughts need to know that they are able to reach out,

that they should be able to call a hotline, whether it is here in the US or elsewhere and their loved ones need to be on the lookout for these sings,

and there are all sorts of tips and hints and advice that actually our viewers can check out on CNN.com that is very, very important for people

who are feeling these feelings to know that they are -- they can reach out and for their loved ones to keep an eye out.

LAKE: Absolutely. That`s such an important point. We have putting out the number all day. We have it all over our website along with other

resources and you know, this used to be a subject in the dark and I think information is power and it will lead to help for many who desperately need

it, and also very compelling article on our website from a family member who survived her father`s suicide, which is a must-read as well.

So, a lot of good information out there for people. Alex, thank you so much.

MARQUARDT: Thank you.

LAKE: And later in the hour, I will be speaking to one of Anthony Bourdain`s friends and one of the world`s most well known chefs, Masaharu

Morimoto, the iron chef will be with me as the world remembers Anthony Bourdain. We will be right back.

[16:15:00]

LAKE: The IMF has agreed to give Argentina a $50 billion line of credit to help it out of its financial crisis. The Argentina peso is down more than

25% against the dollar this year, very big move.

The President`s decision to seek out the bailout triggered protest in Argentina. Earlier, I spoke with the former President of Argentina`s

Central Bank, Martin Redrado. He told me, the bailout gives Argentina renewed credibility.

(BEGIN VIDEO TAPE)

MARTIN REDRADO, FORMER PRESIDENT OF ARGENTINA`S CENTRAL BANK: It is a program that overshoots market expectations because it`s one of the largest

IMF programs in the history of the multilateral institution, $50 billion is a big check that provides a bigger umbrella for Argentina`s finances, so,

it allows the country to get renewed credibility that it has lost in the past months.

It is a good financial agreement. Obviously, we have to look at the real side of the economy on how to get back the economy growing, and that`s part

of sort of the to-do list that the Argentinean government has to do.

LAKE: It`s a big check, but it comes from an institution with a very bad reputation among the Argentinean people. Many blame the IMF for the

economic crisis in 2001. Will this have public support and how important is that?

REDRADO: Well, it is important that the program was done by the Argentinean government, and it is clear that this is program that was

presented to the IMF and now has the backing of the IMF. Now, it is critical to have the support of the Argentinean population to have pro-

growth policies, and to have pro-growth policies, you need to put really incentives for investment, incentives for exports so that Argentina

generates the cash flow that it needs in dollars and not to depend on the financial inflows that it had in the last couple of years.

That is a challenge, so that Argentina could have wide support for the program going forward.

LAKE: And do we know that there are going to have the room to do that as with many IMF programs, this is going to have goals of reducing the

government`s budget deficit, bringing down inflation? That doesn`t always go hand in hand with spending especially spending that is going to trickle

down to mainstream?

REDRADO: Yes, it is not spending what it is about. It is getting the right incentives to invest. Argentina still has a lot of people that

doesn`t pay taxes, so what you need to do is expand the tax base so that more people pay less taxes, so you have more incentives to invest and to

create employment.

You have also more incentives to export more through different trade agreements that we could do with other countries in the region, so there

are several alternatives. Austerity is very important, but austerity is not enough. What you need to have is also pro-growth policy, pro-

investment policy, pro-export policies that are not yet in place.

(END VIDEO TAPE)

LAKE: Verizon says Chief Technology Officer Hans Vestburg is taking over as its CEO. He joined the company a year ago after being kicked out as

head of Ericsson following poor final results. At Verizon, he will lead the push to build a 5G network. Vestburg will enter an industry bustling

with M&A activity. AT&T is waiting for the results of a major court case that will decide if it could buy CNN`s parent company, Time Warner for $85

billion.

Comcast is battling Disney in a bid to buy parts of 21st Century Fox and T- Mobile`s CEO, John Legere says, its new partnership with Sprint will create the highest capacity network in US history. That merger still has to clear

regulators.

Paul La Monica is here tracking it all and Paul, it is interesting because we talked so much about content being king, but let`s not forget about 5G.

PAUL LA MONICA, CNN CORRESPONDENT: Yes, I think that what Verizon is clearly showing here is that they want to own the pipes. Anything that is

going to go through and be the content that you and I want to watch regardless of whether or not it is made by Disney, our parent company, Fox

et cetera, this is a clear indication to me that Verizon, despite having done those deals to buy AOL and Yahoo isn`t probably going to be as

interested in doing content deals as AT&T is with trying to buy Time Warner and all of the major media companies.

LAKE: Is this is a smart move because they understand owning the pipes is the end game, or is it just simply because there is no one left to buy, at

least no one that would get in bed with them after not really doing anything with AOL and Yahoo.

LA MONICA: Yes, I think there is a good chance that it is a little bit of both. I mean, at this point, you do have to wonder, Verizon has to be

looking at the landscape right now and do they really want to get involved in a bidding war when we already know that Comcast for example, I think

they are waiting to see what Judge Leon is going to rule with regards to AT&T and Time Warner and if it seems as if that deal is going to go through

without any major reservations then there is a good chance that Comcast is going to swoop in and try and buy out those Fox assets that Disney already

has a deal for.

[16:20:26]

LAKE: It`s a gamble isn`t it because as important as 5G is to the future, and that`s going to be sort of the next wave of super highway that is going

to be able to allow the internet of things to really operate at this sort of hyper fast pace, as important as that is, it doesn`t mean that these

other players by going after content are going to leave 5G alone. They are kind of going after that, too, aren`t they?

LA MONICA: Oh, definitely. You would have to think of AT&T regardless of what happens with Time Warner, is going to continue investing in 5G

technology. It will be very fascinating to see what the combined Sprint, T-Mobile will do particularly having the backing of SoftBank there. What

they are going to invest in a 5G network.

As of right now, it is an arms race with all the big telecoms, and it is not just the US ones, it`s of course around the world, so I think, Verizon

is recognizing that they need to do something. They need to invest in technology and they now are putting the right person in their mind to do

that with, you know, this new CEO, with Hans Vestburg taking over the helm (inaudible).

LAKE: We are going to see if investors agree with that.

LA MONICA: We will see.

LAKE: We will (inaudible) -- all right, Paul, thanks so much. Great to see you. Thanks. Well, IBM is helping the US over take China with the

world`s fastest and smartest super computers capable of making about 200,000 trillion calculations a second.

IBM`s John Kelly told Samuel Burke it will solve complex problems in science, physics and health.

(BEGIN VIDEO TAPE)

JOHN KELLY, SENIOR VICE PRESIDENT, IBM: One example would be large stores of healthcare data. This machine will be able to go through millions of

lives of electronic healthcare records, millions of lives of genomic information about mutations that cause cancer and extract out of that new

insights that will hopefully lead to new cures for those kinds of diseases.

So, problems that were basically unsolvable in our lifetimes will now be solvable in seconds with this machine.

SAMUEL BURKE, CNN CORRESPONDENT: What does this mean for IBM`s bottom line. Your stock has been in a plateau for quite some time now. Will this

start getting revenue into your pockets and help turn around your stock?

KELLY: Well, clearly IBM has always been at a leading edge position in super computing and this machine puts us right on top once again. What`s

interesting about this machine though is that historically, super computers generally had different architectures than commercial machines for

enterprises, for banking systems et cetera.

For the first time, we have built a super computer of this power with the same technology we are using in our commercial systems, so retailers,

banks, pharmaceuticals companies, oil and gas companies, in a sense can buy many super computers to go after their problems.

So, much, much easier for us to now commercialize this technology from the IBM labs.

BURKE: How big is this computer? It`s not that monstrosity behind you, is it? How much size? How much space does it occupy?

KELLY: This computer that is behind me occupies a lot of space. Think about sort of two tennis courts in size. It consumes 13 million watts of

power and is water cooled to pull the energy out -- the heat generated energy out of it. But the technology to do that even in that space is

absolutely amazing because had we not advanced the technology to power this system, we would need a nuclear reactor right next to this computer.

(END VIDEO TAPE)

LAKE: The roots of IBM date back to the 1880s in another famous space, which stretches way back in time is Citizen watch. This hundred year old

firm is a key player, our CNN series of the 100 Club.

(BEGIN VIDEO CLIP)

BURKE: At the Citizen watch flagship store in Tokyo, Takeshi Yamato is investing in his future. The 22-year-old is prepping to job interviews and

he hopes a new time piece will give him a wrist up on his competition.

TAKESHI YAMATO, CITIZEN WATCH BUYER: If I have the watch on my wrist, it will show the people that like I care about time.

BURKE: Caring about time and accuracy is something Citizen watch has been doing since its founding in 1918. The Company founded by jeweler,

Kamekichi Yamazaki began as the Shokosha Watch Research Institute and has since grown to become one of the top watch makers in the world.

Toshio Tokura is the Company`s President and CEO.

TOSHIO TOKURA, PRESIDENT AND CEO, CITIZEN: (Through an interpreter). I think the essence of the watch is not only accuracy, but also comfort.

[16:25:16] BURKE: The watchmaker`s first product, a pocket watch called the Citizen from 1924.

TOKURA: (Through an interpreter). It is important for us to make products for people, products to be loved by people. In the watch maker`s world,

Swiss watch makers have always been the leading companies. Our predecessors worked hard to catch up with them.

BURKE: Yasuyuki Sakamaki has been a watch enthusiast for years. Now, he is the time keeper of sorts for Citizen Watch overseeing the company`s

archives and museum in Tokyo.

YASUYUKI SAKAMAKI, WATCH ENTHUSIAST: (Through an interpreter). I think among all industrial products, the wrist watch is the only product working

closely with people`s lives. As a person who handles industrial products, I fell in love with the watch.

BURKE: He says the name Citizen stuck and in 1930, Shokosho Watch Institute became a commercial company, the Citizen Watch Company.

But as World War II began, having a western name didn`t sit well, so for a short time, Citizen Watch became Dainippon Tokei (ph). Post war, Citizen

began to quickly innovate. The company`s early watches were fragile, so in 1956, Citizen says it launched Japan`s first shockproof watch.

Three years later, the country`s first water-resistant watch, but what may be the biggest turning point for the company, 1966, the year Citizen went

electronic.

TOKURA: (Through an interpreter). In the past, we had to wind the spring every morning before going to work, but with the development of the

battery, the burden of doing that was removed. Once you insert the battery, the watch doesn`t stop for a year.

BURKE: The evolution of watches continued from there. From solar power to GPS, and even bluetooth connectivity, but that evolution has not come

without challenges and competition. Something the company embraces.

TOKURA: (Through an interpreter). They had many issues to overcome through many difficult periods including a war. We cannot predict what

will be for the next hundred years or the hundred years after that, but we would like to continue to keep the spirit of our company name, Citizen, for

the people and the spirit of challenge.

(END VIDEO CLIP)

LAKE: Tune in Saturday, to watch the CNN`s special, the 100 Club. You will hear more about other global companies that have been around for more

than a century as they reflect on their past, present and the path they are taking for future success. That`s starting at 4:30 p.m. in London and

11:30 p.m. in Hong Kong only on CNN.

The G7 Summit is underway in Quebec. US President Donald Trump is just a few minutes away from his meeting with Canada`s Justin Trudeau, and later

it is Quest Means Show Business as we count down to Sunday`s Tony Awards. We will hear from the legendary Broadway producer, Hunter Arnolds. Tickets

are optional.

(COMMERCIAL BREAK)

[16:30:00] LAKE: Hello, I`m Maggie Lake, coming up on the next half hour of QUEST MEANS BUSINESS, the Tonys are this Sunday and I`ll be joined by

the producer of Broadway smashes like "Kinky Boots" and "Dear Evan Hansen".

And he was the man who gave Anthony Bourdain a tour of Tokyo, the iron chef will be here as we remember our colleague. First, these are the top news

headlines we`re following this hour.

In the Russia probe, special counsel Robert Mueller has filed a new indictment against Paul Manafort; President Trump`s former campaign

chairman. The indictment also names Manafort`s close business colleague.

The prosecutor suspects has close ties to Russian intelligence, the new charges against both men include obstruction of justice and conspiracy to

obstruct justice. Donald Trump says the G7 should include Russia, the U.S. president made the comment as he headed to the summit with key world

leaders, Friday, in Canada.

It is an extraordinary break from key American allies, especially given Russia`s meddling in the 2015 elections. A U.S. National Security Council

official tells reporters in Quebec, the comments were not planned.

Russian President Vladimir Putin is in Beijing meanwhile where he met earlier with his Chinese counterparts. Economic cooperation and North

Korea are top of their agenda. It is Mr. Putin`s third trip to China in just over a year as he and President Xi highlights their close ties.

We came for the food, we stayed for the amazing stories he brought us from parts of the world so often ignored. Anthony Bourdain was a chef, author,

TV host and our colleague. He was found in his hotel room this morning dead by suicide at 61 years old.

Sony (ph) called Tony the rock star of the culinary world. He began his culinary career at 13 years old, a dishwasher in a New Jersey restaurant.

He went on to work as a line cook in Sucha before landing a job as the executive chef of Les Halles here in Manhattan.

An article he wrote in the 1999 -- in 1999 about the secrets of working in the kitchen turned into a best-selling book "Kitchen Confidential". His TV

shows to viewers around the world exploring different cultures through the lens of food.

Five years ago, he took a chance on CNN, parts unknown is now in its 11th season. It was Anthony Bourdain`s authenticity that drew us all in. He

spoke candidly about his personal struggles with drugs and depression, and when he reached the top, he took viewers back to his home, the Garden

State.

(BEGIN VIDEO CLIP)

ANTHONY BOURDAIN, HOST, PARTS UNKNOWN: Look at that beauty, oh, yes, I`m here to feed my soul, the cultural well (INAUDIBLE) is in New Jersey,

antidote to every other place. The place barbecue, the tarts(ph) are amazing.

And not a lot of people in this world are crazy enough to match it.

(END VIDEO CLIP)

LAKE: I love that episode because I`m from New Jersey too. Joining me now Masaharu Morimoto, the iron chef and former executive at Nobu, he filmed an

episode of "No Reservations" with Anthony Bourdain in Japan.

Thank you so much for being with us today.

MASAHARU MORIMOTO, CHEF: Thank you for having me this time.

LAKE: It is such a difficult day for so many, and it`s striking that so many people fell connected to them, even people who never met him. You

know, who didn`t know him at all, you did --

MORIMOTO: A few days --

LAKE: Yes, you did, you filmed that episode we just mentioned of him. What are your thoughts today?

MORIMOTO: Well, this is CNN, still did not -- you know, cooking show and then the variety show. I wish I had more English-skill speaking so that

brings shame to me, especially talking about a friend of mine, Bourdain, Mr. Bourdain Tony, this -- so, a shame to me and then so sad.

I didn`t even believe this, so I heard first news from a friend of mine sent a message. And so two or three times much really.

LAKE: Yes --

MORIMOTO: And then, he was a great chef and a great presenter(ph) and also author and a life traveler.

[16:35:00] Before all of this, he was a great person. Yes, as a family member, father and a husband. I traveled with him to Tokyo on the "No

Reservations", he`s a very cool guy and a human being, so not a cool guy, nothing wrong, so you mentioned that a rock star, it is, he is a rock star.

And he came to visit my restaurant and then I showed him my skill and a great friend to the (INAUDIBLE) together and then stayed in real camp,

Sawi(ph) real camp together and it was with memory and that`s so sad.

We lost a lot of things --

LAKE: Yes --

MORIMOTO: Another death, you know, full in the restaurant industries.

LAKE: I -- you know, it`s one of the things that we hear from so many people is -- I mean, he was a food person, that`s how he became famous.

But what we`re hearing so much about today is that he opened people`s eyes to so many different cultures and so many different kinds of foods.

MORIMOTO: Yes, certainly, I was going to say something, so here`s the irony, so bringing to the food and the culture, you know, single

corner(ph), different. You know, world maps, people never been there, but -- and then he introducing some kind of, you know, special food from small

village, small town, small city, and then, you know --

LAKE: Street food --

MORIMOTO: Yes --

LAKE: Not just the high end --

MORIMOTO: Yes, but --

LAKE: All differences --

MORIMOTO: Bringing people food, even doesn`t know, you know, eating and very interesting about the food. But he did it, and then he did not bring

just the food, within cultures and then the people, the human.

So it is spirits, the power, so and that`s why he was the pioneer for that, yes.

LAKE: He did, you know, for somebody who I hear people say, he redefined the food industry. He started the network of food. You could tell he

loved you, chef, you know, he just adored everything you did and shown a spotlight on the creativity behind the food on that you all bring to the

table.

But sometimes he was unflattering about the restaurant business too, he was honest, he told secrets about it.

MORIMOTO: Right --

LAKE: And yet, he is beloved by almost everyone in that industry. That`s not always the case when you are honest.

MORIMOTO: But he is honest, sometimes -- so I remember not just as you say, in the sushi restaurant, especially New York, Manhattan, your city,

and then have the bar man or somebody ask where they make (INAUDIBLE).

You know, making sushi to the customer in working there, especially there in the kitchen. And then Tony Bourdain say no way, you know, so he knows a

lot of stuff deeply about the Japanese way especially sushi.

So he has been to Japan many times and then he went to the sushi restaurant, deep knowledge of -- idea, you know, like the 16s. And then he

said, hey, Morimoto, ready to do -- you know, sound together to be like a - - you know, against that, but that time, I couldn`t even say no.

You know, because the -- I have a -- some sort of the many restaurant for Japanese. You know, I don`t -- due to my fears(ph) I guess ahead of the

bombings. But he said, oh, ready to do, let`s have something or in addition to say whatever.

So, you know --

LAKE: Yes --

MORIMOTO: Yes, I --

LAKE: He wasn`t afraid to --

MORIMOTO: Yes --

LAKE: He wasn`t afraid to let his opinions be known --

MORIMOTO: Right --

LAKE: And his voice be heard --

MORIMOTO: Yes --

LAKE: What do you hope that we all remember about Anthony Bourdain? What do you think his legacy is?

MORIMOTO: So when I was -- we were at the same studio to take pictures, I didn`t understand what titles mean, and I brought my small dog, the city

found a small dog, and then he brought his Fiat(ph), saw ladies kiss, and just engulfed, and he`s breathing like -- and his wife is there, and he`s

going to be a cool guy, no reservation and so on, jeans and leather jacket and then smoking.

But I saw he`s truly inside of the family member that, you know, father. So unfortunately, I have no kids yet, but no way, but he was a great person

-- personality, and then finally, I`m so sad for the family members, their -- you know, children and kids and then wives.

LAKE: I think we all are, you said something about him sitting in a CNN studio, if we were smart, we would have had this conversation over a

kitchen and have him make a meal because I think that`s what he would have loved.

But thank you for coming in --

MORIMOTO: Thank you very much --

[16:40:00] LAKE: Appreciate it, thank you. Our condolences of course, we hear those thoughts go to Anthony`s family and the team that was working

with him, he spent his life in love with food and we`ll have Anthony have the last word.

(BEGIN VIDEO CLIP)

BOURDAIN: I grew up in the mad many era, but my parents were unusually up- tuned to food. My father was a bit bored in France, but that I was a chef where I fell in the business and I was a professional, you know,

dishwasher, cook, line cook and chef for almost three decades.

So this was my life.

(END VIDEO CLIP)

(COMMERCIAL BREAK)

LAKE: Welcome to QUEST MEANS BUSINESS. Broadway`s biggest night of nights is right around the corner. The two hundred and eighteen -- 2018 Tony

Awards is on Sunday for radio city musical in New York City. Looking as nomination`s "Mean Girls" the musical, and "SpongeBob Sweatpants" the

musical lead the way with 12 each.

Following on, "Angels in America", "The Band`s Visit" and "Carousel" have 11 nominations. And "Harry Potter and the Cursed Child" gets 10

nominations. Hunter Arnold is a Tony Award-winning producer of "Dear Evan Hansen", he`s also behind "Once on This Island" which has multiple

nominations on Sunday, he joins me in the C-suite.

Thank you so much for being with us --

HUNTER ARNOLD, MUSICAL FILM PRODUCER: My pleasure --

LAKE: Full disclosure, we just joked as you sat down that you`re filling tough shoes to make that turn. But this is why we need Broadway and

entertainment, and people look for an escape because of terrible weeks like this.

And by all accounts, it`s been a really good year for Broadway. What do you think is driving that? Is it that we`re all looking for not only

entertainment but live entertainment. Is it the types of shows going on, on the stage? What do you think is behind it?

ARNOLD: I think at the end of the day, the thing about Broadway and live theater is that it`s truly about community, and it`s about bringing people

together and telling stories that impact people and make people think and feel and change.

And I think right now, there`s a lot of anger and confusion in the world. I mean, just what we`re seeing this last couple of days and people are

looking for something that makes them have hope and make them feel like there`s beauty in the world and there is possibility in the world. And

theater does that better than any other art form.

LAKE: Yes, and to be submersed in it, right?

ARNOLD: Yes --

LAKE: When we`re viewing it or watching movies as we tend to do on our tablets and everywhere else, like distractions and you hit it and you pause

and you`re multi-tasking. When you go into a theater, the lights go down and they shut the doors and you`re a captive of audience for that time.

And you get to be taken wherever they`re going. I noticed a lot of the -- we`ve seen a lot of migration from Hollywood though into theater. The

names that we associate, even associate we mentioned are originals and well loved ones.

But there are some that we mentioned in the Tony rundown that are ripped right from Hollywood. Is that a trend you think is going to continue, and

is it because that`s what drives people into the seats?

[16:45:00] ARNOLD: Well, I think at the end of the day in any entertainment industry, brand matters, and the thing about Hollywood or

books or even things like Hamilton that are based on somebody that`s historically known as a -- right, as a brand there.

People tend to -- you start a little bit farther down the race with. You know, so it comes and it goes, but if you look at this year, I mean, best

musical categories are a great example of this. One of the frontrunners is this incredibly sort of beautiful, totally new, completely unlike anything

else that`s running this season.

So there`s always room for all kinds of shows. I think that`s the beauty of the industry. We can do big commercial, glitzy Broadway, you know, kick

clients and we can do quiet things that are about thought and beauty and connection.

LAKE: Yes, and you`re doing "Pretty Woman" too, so you are clearly doing those other things. I assume that you think that all -- the rising tide

lifts all both. Does the crowd out when you`re looking for financing. So do you have to have to say, where`s my star?

Where`s my Hollywood? Where does my movie tie in? Or does this success now that people see with it allow you to get the money to do those other

projects that you -- insiders may really believe in, but may not have been able to going to get the capital backing that you got before.

ARNOLD: I think like any business that you`re out fundraising for, it`s about whether or not you have a compelling story, and it`s about finding

the right people to support that.

And listen, this year, there are some rather brand-based consumer stories, but there`s also small ones. And the last two years, right? "Hamilton" and

"Dear Evan Hansen" are both completely original --

LAKE: Yes, and "Hamilton", you knew "Hamilton" could be as sexy as revived the whole interest in history.

ARNOLD: That`s right, that`s right, and it`s made it cool to young people and it`s created new audiences for Broadway. And so, I think people

understand that, like any market, you need a balance of products, the audience is broad and smart, so the products have to broad and smart.

LAKE: We see -- when you see the most demand coming from. You know, are these -- is it a sort of tourist population filling up the shows? Is it --

are people sort of falling in love with theater again for the reasons that we talked about?

I mean, is this the kind of renaissance of theater?

ARNOLD: I mean, I do think that some of these unbelievable successes of the past few years have woken non-traditional theater attendees to the fact

that like, oh, this is an experience that really is incredible and people are liking, I`ve got to go see what that is.

So certainly, to see the audience expanding and even seeing musicals be backing vogue on the silver screen, right? There`s a lot of movies --

LAKE: Yes --

ARNOLD: That greatest showman, you`ve got -- you know, all this stuff that`s been out there. I don`t know that it`s a renaissance, but I

certainly think it`s you know, it`s a new era of mass appreciation.

LAKE: I see with younger people to watch, I think it`s really interesting. They are interested in going and up to (INAUDIBLE) and say, come sit

through, you know, it`s not seen as something that you want to go with your grandma, it`s pretty hip, and I think "Hamilton" and "Dear Evan Hansen" and

a lot of those and the great writers and music coming from it certainly helps with that.

We know you have skin in the game, but any Tony predictions? Come on --

ARNOLD: Oh, I predict that it would be an incredible show, you know --

LAKE: More like singing and dancing with men --

ARNOLD: Sarah and Joshua are going to fun to watch, there`ll be a lot of great performances, that`s about as far as I`m willing to go --

LAKE: And you can`t make any enemies, can you? We go like picking your favorite child, we want to make you do that. Listen, it was fantastic for

you to come in and talk about it, we`re looking forward to it especially again after the week we`ve had.

I think this is when we turn to our entertainment folks to help us through the tough times, and they`re certainly going to do that. Hunter, thanks

for being with us.

ARNOLD: Thanks for having me --

LAKE: Appreciate it. Yes, President Trump has brought a storm of controversy, we tend to this weekend`s G7 Summit, he`s about to sit down

with Canada`s Justin Trudeau after slamming the country`s trade deal.

[16:50:00] (COMMERCIAL BREAK)

LAKE: Oxfam is calling on the G7 leaders to make the world`s economy work for women. There is more female representation than usual, with Britain`s

Theresa May and Germany`s Angela Merkel in attendance.

Yet, Oxfam says the world leaders should take action rather than paying lip service. Both Justin Trudeau and Emmanuel Macron have committed to cabinet

with an equal number of men and women.

And Spain`s new cabinet have gone a step further with a majority of women. While the U.S. and U.K. lagged behind with only around a quarter of cabinet

members being female, Kate Higgins is the director of Policy for Oxfam Canada, she joins us now from Ottawa.

Kate, thanks so much for being with us. You know, when we saw that -- when I saw the Spain news, especially, I felt encouraged -- it`s a move in the

right direction, but you say that we`re not going nearly far enough in addressing women`s issues.

KATE HIGGINS, DIRECTOR OF POLICY, OXFAM CANADA: Absolutely, it is a great step for Spain, it`s a great step for fans in Canada too to have so many

women represented around the cabinet table.

But if we take a step back and look at how women are represented politically worldwide, we know that there`s only around 23 percent to 24

percent of parliamentary posts and national parliaments filled by women and even less of a percentage around 18 percent of cabinet posts filled by

women.

So women really are underrepresented in these political spaces, and we really do want to see action to be taken to see women and a diverse group

of women coming to important political spaces and having their voices heard.

LAKE: And what`s the cause of not having that diversity? What`s the economic fallout of male-dominated or dictated policy?

HIGGINS: I think the economic fallout here is you have an economy that not only doesn`t work for women, but doesn`t work to everyone. The world

economic forum has estimated that it will take around 217 years for women and men to be on par economically.

That means that women are contributing in the most productive way possible to the economy, so that`s bad for women, but it`s bad for the whole

economy. I think the other key message from Oxfam that we`re really trying to push at this G7 is that we really need to look at the structured nature

of the economy and the way that pull women really doing the precarious work.

They`re doing the unpaid care, they`re the ones growing our food, they`re the ones sewing our clothes. And a small percentage of people are really

amassing great wealth on the back of millions and millions of poor women in the world.

So a key message for us is to think about the structured nature of the economy and the way that the economy is stacked against women and we`re

calling on G7 leaders to really take some concrete actions to change the nature of economy and have an economy that works for women.

LAKE: And Kate, what do you think will move the needle? You know, when I see cabinets, I think that`s great. But will it make a difference if the

local politicians are all male or if there`s not enough or not enough women voting. What`s a tangible policy change that you think will make a

difference in the short term here?

HIGGINS: Well, something that we try to shine the light on this week at Oxfam was unpaid care. And the fact that women and girls around the world,

they are the huge burden of unpaid care.

So when we talk about unpaid care, we`re talking about child care, we`re talking about cooking in the household, we`re talking about cleaning in the

household, we`re talking about looking after sick and elderly family members.

Depending on where women and girls live in the world, they do between two and ten times more unpaid care than their male counterparts. This is

holding women back, this is holding girls back from getting an education from doing training, from participating in the workforce, from

participating and being elected to positions of political power.

[16:55:00] So what we were trying to do this week at the G7 was really shine the light on unpaid care and try to encourage G7 leaders at they

speak in coming days to take some concrete steps to tackle that issue.

What that means concretely is investing in child care, investing in healthcare, investing in education and ensuring that those services are

free and universal.

LAKE: It`s such an important conversation to have Kate if we want to see economies grow and get that unemployment rate down for so many youth, so we

seem to be stuck and stagnant, this is a clear path out. Kate, thanks so much for being with us, it`s an important conversation to have, Kate

Higgins.

HIGGINS: Thank you so much.

LAKE: And leaving it now, Donald Trump is about to be with Canada`s Justin Trudeau at the G7, Paula Newton is in Quebec city where we`ve just heard

from Canada`s foreign minister. And I think that we can say, Paula, that expectations are probably pretty low going into this.

PAULA NEWTON, CNN: And they going to set the lows, an extraordinary name, Maggie, even as the meeting is rolling on, the sources I talk to all, all

are trying to keep an expectation dampen.

Having said that, I know that they are working on a draft communique, and in fact, they`re quite hopeful they will get something out, Maggie, whether

it will really have any of the ambition that it had had just a few weeks ago, we don`t know.

As you say, that key bilateral meeting between Justin Trudeau and President Trump is due to begin in just a few minutes from now. Again, what I`m told

about what the tone has been there is that it`s been extremely cordial but incredibly pointed when it comes to the discussions.

With my sources saying that, look, again, bring down those expectations, we`re not expecting any of this, but the face-to-face meetings have been

worthwhile and everyone at the table has appreciated it.

LAKE: Oh, well, that is good to hear, Paula, thank you so much, Paula Newton with the very latest. And that is QUEST MEANS BUSINESS, I`m Maggie

Lake, the news continues here on CNN.

(COMMERCIAL BREAK)

END