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hillary clinton and previous secretary of state for poorly managed e-mail practices and systemic weaknesses related to communications that started before her tenure as secretary of state. but her failures were singled out as more serious. an aide to donald trump says there s a call to break a weeks long impasse over an endorsement from the speaker, which trump aides believe is imminent. a jailed ukrainian pilot has been released and sent home from russia. she was exchanged for two russian serviceman being held by ukraine. global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. i am mark crumpton. bloomberg west is next. emily: i m emily chang and this is bloomberg west. microsoft has the tech giant , waved the white flag in the smartphone wars? at&t makes its move on yahoo! after holding back in the bidding war, they are now all in. we will tell you what the power play means for verizon. peter thiel strikes back. ho ....
+++ prevails. and when push comes to shove people realize there would be an enormous damage, to both europe and great britain, should britain walk away. a warm welcome to countdown. i am an edward. just past 6:00 in london. manus will be joining us from dubai. let us talk about what is happening in oil and stocks, a chart next to me that really encapsulates the relationship between these two asset classes, if you go back to the middle of last year. they have moved very much in synchrony. and of the oil price tending to move in lockstep, or least in the same step. oil prices over $50 a barrel or the first time in six months. a one-weeks hitting high. but i should say that old has actually snapped its six-day losing streak. not all good in the overnight trading environment. let s talk about the risk radar. we have to feature the price of oil because we have gone on the brent price over $60, up high 7/10 of a percent. theda, venezuela, nigeria disruption playing in here, ....
so, we are now just less than 30 minutes ahead of the european equity market open. matt, it looks like after this rally that we have seen with $50 a barrel achieved on brent. we are headed for a fairly flat story. i am looking at the ftse futures and they are beginning to firm the calculations around .1%. other markets a little softer but nevertheless after such a decent rally, you would expect maybe a little bit of a paul s for breath. a little bit of a pause for breath. matt: the nikkei was up yesterday. we re looking at a change in asian markets. to again,csi turning it had been down .5%. rally not unusual in china. brent crude is not what is what you want to be looking at today. you have wti up as well. really crossing through that threshold, that big round number is a big deal for oil. the yen, there was a huge spike overnight. it has come back a little bit. one of 9.76. the yen stronger 109.76. the yen stronger. billion: matt, the 2.9 just $2.9 billion hedge ....
tom keene in new york. at g-7 will focus be china. tom: the president with those comments. what i find remarkable is how all of these leaders seem to be speaking to their homes, but it is not a g-7 meeting but it is people talking to america, to canada, etc. francine: especially japan where you see shinzo abe trying to get out of the increase. let s get straight to the bloomberg first word news. nejra: starting with the g-7, angola merkel does not have much support when it comes to austerity. the debate over stimulus versus belt-tightening has shifted. canada s new prime minister had shifted his country s focus to infrastructure spending and cash. david cameron joins markel as a champion of fiscal restraint. just a few minutes from now, president obama holds a news conference at the summit. in france, strikes at oil refineries may spread today. workers at six of eight refineries have walked out. the strike is protesting the president s proposed labor reforms that makes ....
referendum rapidly approaching. let s get to the stories you need to know about. in london where oil tops $50 a barrel. jodi schneider in japan. and mike mckee right here in new york with the latest fed talks. the rally continues in crude. brent toppinggh, $50 a barrel for the first time this year. javier blas, talk to me about driving things toward and barrel. alter javier: we are losing some had thousand barrels a day in nigeria. 700,000 barrels a day in nigeria. in the background is the demand that a strong. everyone is driving a lot in the u.s. that combined with supply outages is bringing us to $50 a barrel. jon: i want to talk about debt supply. a $9 billion auction what does that tell you about market conditions? javier: the pain for the producers has been really acute. you see qatar borrowing $9 billion. they have a big production, relatively reduced population. it is not a country you would expect to be in trouble. that at $50,ing us the problem is not over ....