brent: this is dw news live from berlin. the days of downsizing are over. germany's defense minister announcing plans to add thousands of jobs. berlin says they are needed to tackle challenges like fighting so-called islamic state and cyber criminals. it is germany's first military expansion since the end of the cold war. also coming up, the british prime minister is caught on camera with an open microphone making indiscreet remarks ahead of a summit. we will tell you what he said. and u.s. president barack obama says he will visit her oshima, japan, the city u.s. forces dropped an atomic bomb on at the end of the second world war. he is not expected to offer an apology, so what will he offer? good to have you with us. to sin, to slim, after decades of downsizing, germany has announced plans to expand its armed forces. it is a paradigm shift, 25 years after the end of the cold war. back in 1990, germany had 600,000 soldiers in the armed forces. today, they are just shy of 180,000 left as a result of a strategic shift toward a lean, tech savvy and mobile, modern army. they we

brent: this is dw news live from berlin. tonight, a miracle for one girl, a ray of hope for 200 more -- one of the girls in nigeria is free after being kidnapped by boko haram militants more than two years ago. she was carrying a four-month-old baby and says most of the girls abducted with her are still in captivity. also on the show, for crimean tartar's, their fear of history repeating itself, deported by the soviet dictator, elderly tartars worry what the annexation of crimea will mean for the next generation. and extremist hidden among the one million refugees entering germany. tonight, why that fear appears to be justified. it's good to have you with us. she is safe but traumatized. tonight am of the world wonders if or when her other missing classmates will ever be seen again. one of the 219 kidnapped nigerian schoolgirls is back home with her mother. she was found earlier today. one of 219 girls abducted 200 years ago -- two years ago by boko haram extremists. you will hear from our correspondent in just a moment that we begin with this report. reporter: she was just 17 w

brent: this is dw news live from berlin -- after two years in jail, the ukrainian pilot is home tonight. she landed in key of today after being exchanged for two russian soldiers held in ukraine. the sudden and unexpected and to what had been a 22 year prison sentence. also coming up, it is a good deal -- that is how angela merkel describes a new integration law that requires refugees to integrate if they want to stay in germany. and a headache for hillary clinton. the former u.s. secretary of state broke government rules with their e-mail account. it's good to have you with us. tonight, ukrainian pilot, nadiya savchenko is home and a free woman. her setting release -- her sudden release was today that she was convicted in the assist thing of murder and two russian journalists, which she had been sentenced to 22 years in a russian prison. today, she arrived in key of to a heroes reporter: welcome. the media frenzy when nadiya savchenko -- she has become a national hero here in ukraine. >> i am free and i want to ask forgiveness from all the mothers whose children who have not re

brent: this is dw news live from berlin. the day of decision for brazil's president. the supreme court denies her attempt to stave off impeachment proceedings as the senate debates a motion to do just that. we are waiting on a vote that could remove her from office and her on trial for breaking budget lost. also on the show -- no breakthrough on the crisis in eastern ukraine. he's talked and as observers say the existing cease-fire between ukrainian forces and russian back troubles is being broken every day. and woody allen is kicking off the iconic con film festival with his new movie, "cafe society. good to have you with us. slowly, the lines of defense are crumbling for embattled resilient president, dilma rousseff. the supreme court has cleared the way for impeachment proceedings and the senate continues a somber debate as minutes countdown to a vote that will more than likely remove her from office and mandate a trial on charges she broke budget laws amid a corruption scandal that has brought the entire country to the boiling point. reporter: now all is in the senate court.

could go a long way to improving stability in the country in the long term. brent: let's pull in our co-respondent, he's been following the story from us from vienna. let's talk about this decision basically to rearm libya. where is that coming from? >> john kerry called it a delicate balance today. i guess they are reaching for whatever tools they have to help this government of national accord in libya, which is not really a practice, just in name. the aim is through military support for the provision of arms and intelligence and training, and through humanitarian aid to strengthen it to the point where it might be able to use weapons that come later to establish its control over the whole of the country. control it does not yet have. brent: what about the fear we have been talking about, the fear of weapons in libya falling into the hands of the wrong people such as islamic state. is that fear no longer overriding? kerry: i think that fear is still there and it is just that the threat from islamic state, if we are to believe john kerry today about is such that it is imminent,

brent: this is dw news live from berlin. some said it would ever happen, but tonight, he has proved all of the doubters wrong. the real estate tycoon, donald trump, has clinched enough delegates for the republican nomination to run for president of the united states. our party leaders finally ready to endorse him? also on the show, g7 leaders agree fresh measures are needed to boost the global economy. they will announce plans to stimulate growth on friday. and protesters in france clash with police after a day of nationwide strikes. workers are in a standoff with the government saying reforms simply mean more, higher and fine. it's good to have you with us. tonight, donald trump has reached that magic number needed to clinch the nomination as the republican candidate for president of the united states. the associated press says trump has enough committed delegates to qualify as the nominee to run in the november election. trump traveled to fargo, north dakota today to thank the republican delegate who put him over the top. trump has defied the republican establishment to come this

brent: this is dw news live from berlin. the beginning of the end for grace paz against refugee camp. police say they are moving people out of the camp into better facilities, but for the migrants, it is another step away from their intended destination, northern europe. also coming up, iraq has army says it is making big gains against islamic state as it pushes to retake falluja. but what about the civilians trapped inside the city? adding punch to the piano -- a new project at once to make you rethink how and where you listen to music. good to have you with us. it has become a symbol of the struggle to manage the migration crisis -- the camp on the greek border with macedonia. nearly 10,000 asylum-seekers have been stranded there in squalid conditions since all can countries have closed their frontiers. now the greek government has begun moving people out of their makeshift homes and into new facilities away from the border. reporter: packed and ready to go -- the next stage in their desperate journey to a new life is about to events. most of the eight house and people are bei

on up and state your name and present our presentation. >> thank you. >> hello, i'm brent i think i'm seat number 4 for the educator, teacher education seat and well in san francisco i went to city college and always went to balboa park and now live nearby and drive by on my way to work usually downtown it is so convenient and not worry about parking what i bring to this a classroom teacher so i've been through well different stakeholders and interests and able to bring this together and get everyone's answer. >> where do you teach. >> park side. >> i call it the mid eflt studies department. >> all right. and maybe i can elaborate what you want to serve on this committee what you hope to accomplish there. >> it is an interesting station balboa park reminds me with a lot of going on with the busses and streetcars and it is heavily put together to make it more safe for people and just like divided berlin. >> can you elaborate on something the ideas to bring to the committee how you want to capitol hill the area. >> it should be more colorful and things going on instead of just commuters

up less we will be back -- that, and more when we come back. ♪ ♪ brent: welcome back. the top story, u.s. house speaker paul ryan says he had a very warm and pleasant meeting with donald trump. it was an attempt to bring the party together, but paul ryan cannot bring himself to endorse the presidential hopeful. the french prime minister has survived a no-confidence vote after opting to bypass opposition and impose reforms on the labor market. those reforms prompted demonstrations that resulted in scuffles between police and demonstrators. polls show that three quarters of the population oppose the reforms. they say that it supports business too much. demonstrations have resulted in schools being barricaded and roads blocked. ok, our correspondent lisa lewis has been following developments in paris. good evening, lisa. so, why are these reforms making so many french angry? reporter: this is typical for france, the country is known to be almost unreformed double. if you look at the labor law, the wording is not that radical. it brings in flexibility for companies that will be able to

alongside matt miller. brent bounces back. crude rises to $50 a barrel for the first time in more than six months as u.s. got piles decline. how will opec react? to conduct -- the company that is responsible for the largest recall in history. trimming the hedge funds. about to lose 25% of its assets. 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 d

power companies in germany. this is brent. check this out. this is, when you look at the blue line. this is the picture of brent, the whilte line. brent -- in purple. foraverage price for brent the past 50 days is set to rise above the 200 day moving average. this is what we call a golden cross. that is typically seen as a sign of bullishness. the price may go up of we look at the technical level. up next, has the world's biggest sovereign wealth fund but a slumping oil price has seen theay tap into savings for first time. we will look ahead to this morning's budget. ♪ francine: let's get straight to the bloomberg business flash. itsa: two years to sells specialist group activities as part of a process of focusing on mainline tourism operations. the unit comprises 50 travel brands with generated 1.85 billion euros in profit. europe's largest tour operator says it will retain only the crystal ski -- business from the portfolio. disney shares have fallen an extended trade after it missed second-quarter earnings forecasts. tv network struggled and the strong u.s. dollar -- profits f

a barrel for the first time since november. brent sinking to a 12 year low since january and it surged on signs of the global oversupply release. we are joined by javier blas. to what extent is the rebound in oil playing into the hands of the league of shale producers in the u.s.? a rebalancing of the market means a contraction in shale production in the united states. javier: it is down more than 600,000 gallons a day since last year. , youow, with oil prices are trying to lock in prices for 2017, some of the shares of the business may be able to deploy new brakes. now, we are getting to the point , getting from $30 to $50, that was the easy one. $50 to $60, we will see. every time the price goes up, shale production comes back and then the saudi's take the pain were actually, no. it is like the delay in production comes back and prices could rise to $100. mark: there is a belief by many that the market will rebalance in the second half of the year. let's talk about the supply part of the equation. canada, nigeria -- what is the situation? javier: we have lost about 50 million

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, as well as the drop we saw on those government figures in the united states. the u.s. do year yield in here can see at the bottom of your screen there. that yield has fallen away a little bit in just the last 24 hours or so. pausing seems to be one of the things going on in terms of the market. the work function on the bloomberg reading 53.8% of a chance of a rate hike by july, factoring into the markets. commentary from parker at the fed, as well. you have the best gain since january as these conversations continue to dominate markets around what the fed will do in june or july. let us to the bloomberg first word news. trillion hedge fund industry may lose about a quarter of assets next year, that is according to tony, blackstone's billionaire president. he is saying that they face a day of reckoning, and that will be pretty painful for awful lot of places. alibaba shares fall after the e-commerce giant says it is

>>> good morning everyone. >> brent crude surpasses 30 dollars a barrett. can the banco popular announces a sale. >> bad news for daily male after their worst day in nearly a decade. >> new reports a private equity firm is mulling a 60% stake in embattled air bag maker takata sending shares higher. >> and japanese prime minister shinzo abe reportedly suggests we could be heading for another lehman moment. as g7 leaders fret about the severe slowdown1 in merging markets. in merging markets. >>> hi everybody. welcome. good morning. >> how are you? >> i just had a vile glass of supplements mixed in water. and it's really -- >> you're always doing that. the green juice effect. >> i know. i know but the one now has like no sugar not. sweetener and it's just disgusting. so i need a cup of coffee after the show. >> -- studio point, right? >> exactly. european equities though were trading a little higher. we're up about -- i say that. we're actually flat. completely flat. we were called a little lower. bouncing a little but very little. stox europe 600. and main markets also reflecting

down 1. nasdaq positive. it's been the outperformer it's up 2.5% for may. the chart to watch? brent crude oil. pushing above the psychologically important $50 a barrel mark for the first time. we're sitting just above there. just holding on. besee a half percent above wti. and brent. wti 49.84. >> and later in the show the fact that brent is above wti. we'll get his perspective on how long it might hold this time. let's check knob global market this is morning. europe mixed. just lost a little steam in the last half hour or so. most of the markets are negative. not too pronounced. germany is positive. and spain is down because the banks are down significantly. banco popular had a rights issue and down about 20% weighing on the sector more generally. europe over the course of the last week very nicely positive. the stoxx 50 is up 4.7% the last week alone. a little bit of profit taking happening today as you can see. asia also similarly a bit of gains but not in all of the markets. as you can see we've got about a quarter of a percent for shanghai. japan basically flat. both in europe

present our presentation. >> thank you. >> hello, i'm brent i think i'm seat number 4 for the educator, teacher education seat and well in san francisco i went to city college and always went to balboa park and now live nearby and drive by on my way to work usually downtown it is so convenient and not worry about parking what i bring to this a classroom teacher so i've been through well different stakeholders and interests and able to bring this together and get everyone's answer. >> where do you teach. >> park side. >> i call it the mid eflt studies department. >> all right. and maybe i can elaborate what you want to serve on this committee what you hope to accomplish there. >> it is an interesting station balboa park reminds me with a lot of going on with the busses and streetcars and it is heavily put together to make it more safe for people and just like divided berlin. >> can you elaborate on something the ideas to bring to the committee how you want to capitol hill the area. >> it should be more colorful and things going on instead of just commuters but in between neighb

the move. and brent crosses $50 a barrel. iron ore rolling to $50 overproduction issues. vonnie: saudi arabia set to probe think currencies products as a new currency code of conduct report is rolled out. it's changing the fx industry under way? mark: the real madrid goes against athletic oh for the league title. we are breaking down the massive lu of europe's biggest football ofb -- massive value europe's biggest football club. vonnie: the latest, julie? after the two-day rally we have seen, it is not unusual after the activity we have seen for stocks to take a breather. as mark sebastian, an options trader we talked to yesterday, pointed out, now we are getting into the holiday weekend. people have put on their bets. for theere have left long weekend. drivers are in the red, but not by much. the dow's losses with a decline of 47 points. of can see an exact flip yesterday. yesterday we saw cyclical groups leading gains. the defensives lagging. it is the opposite. consumer staples on the rise today and materials/energies/financials/te ch declining. oil prices have been bouncing

bunch as you see the underlying prices rise especially for brent crude. we saw a selloff in equities at the same time we saw a selloff in bonds. you see yields rising. in the u.k., yields rising. the german equity markets are closed for the german debt markets are open. greece as welln bouncing back and forth all morning. betty: vonnie quinn has more from our newsroom. vonnie: a strong earthquake has show can -- shaken tokyo and other cities in eastern japan. the earthquake had an initial magnitude of 5.6 and hit 60 miles northeast of tokyo. no immediate reports of injuries or damage. metndary state john kerry with king salman about conflicts. he is trying to shore up a fragile truce in syria. there have been violations on both sides. meet tomorrow with russia's foreign minister. there has not been a terror attack with mass casualties on a transportation hub in a western nation for a decade. but terrorists had been trying according to a terrorism database looked at by bloomberg. scores of attempted attacks on airlines, railroads, and bus lines in the u.s., canada, and western europe. an

name and present our presentation. >> thank you. >> hello, i'm brent i think i'm seat number 4 for the educator, teacher education seat and well in san francisco i went to city college and always went to balboa park and now live nearby and drive by on my way to work usually downtown it is so convenient and not worry about parking what i bring to this a classroom teacher so i've been through well different stakeholders and interests and able to bring this together and get everyone's answer. >> where do you teach. >> park side. >> i call it the mid eflt studies department. >> all right. and maybe i can elaborate what you want to serve on this committee what you hope to accomplish there. >> it is an interesting station balboa park reminds me with a lot of going on with the busses and streetcars and it is heavily put together to make it more safe for people and just like divided berlin. >> can you elaborate on something the ideas to bring to the committee how you want to capitol hill the area. >> it should be more colorful and things going on instead of just commuters but in between ne

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. although the markets have rallied, we are up about 80% from the lows, we are only back to the level we were in november. back in november, we were talking about trouble for producing countries in the middle east. yes, the situation is better, but will qatar is telling us is it is not mission a come pushed. $50 crude, there is an obsession

not profit. brent crude is rising. traders are cutting net long positions and short bets are rising. net long positions are dropping over 4%. re: at an inflection -- are we at an inflection point in oil markets? rishaad: there are so many unknowns here. what happens? we are not seeing any freeze in production. suddenly iran does not want to play ball here. they are just one element amongst many things which could oilupporting a lower prices moving head. we have problems with the shale oil fields in canada, on fire at the moment, one million barrels a day in production being lost. and libya not able to export oil. what about iraq? can they ramp up production? there could be more supply coming on board. let's look at what's happening, with about 20 minutes of trading in mumbai. this is the situation right now. x, one of the first gains in seven sessions. in hong kong a 0.5% moved to the upsidfe. dubai coming online at 10:00 a.m. local time. dubai, abu dhabi, doha, with the watar market -- qatar market on the way down. manus: thank you. let's check in on other stories making headlines

i'm very excited. this is coming up this summer, "david brent: life on the road." >> yeah. >> seth: all right, now this is very exciting to me. last time you were here -- i'm such a fan of "the office." >> thank you. >> seth: and so now this is revisiting your character david brent -- >> yeah. >> seth: -- 15 years later. >> it's 15 years later. it's what he's doing now. and what he's doing now is he's a sales rep. he's selling, you know, cleaning products. well, all your toiletry needs. >> seth: oh, yeah. >> urinal lozenges. [ light laughter ] tampon dispensers, you name it. >> seth: okay, good. >> so he's this guy, okay, and now he's not in charge anymore. he's just a guy in the office and he's sort of bullied because the world is different, it's full of alpha males. you know, we're in that place now where people go -- on "the apprentice," while going, "i will destroy anyone." and he's out of time. he's sort of 55 now. and he's spending all his money. he's cashed in a few pensions because he's never given up the dream of being a rock star. so he's put together like a band of like

catch up. brent international benchmark about $45 a barrel. >>> to today's top political story, donald trump has a new title this morning, likely republican nominee. nbc's edward lawrence joins us with the story. edward. >> wilfred and sara, you might remember, right now, we're at two republican candidates for president. you may remember at the beginning or end of last summer when we started all of this there were 17. >> reporter: indiana republican voters overwhelmingly made their choice for donald trump. the leadup to the decision saw fall, there were accusations. >> listen, donald trump is a serial philanderer. and he boasts about it. >> reporter: and finally defeat. >> we gave it everything we've got, but the voters chose another path. >> reporter: 53% of gop voters in indiana wanted trump. cruz's 37% of the vote ended his bid to be president. >> just so you understand, ted cruz, i don't know if he likes me but he doesn't like me. but he is one hell of a competitor. >> reporter: senator bernie sanders eked out a win over hillary clinton by five points with 57% of the vote. >> witho

like it could be when you see the dramatic pictures. liz: and i'm really looking at brent, brent appears to be on track for biggest weekly loss, interestingly enough in four months. certainly not helping, a diminish the fly factoror psychology of bringing the supply up. so far we don't hear of any real casualties, which is a good news, there is a picture for brent, up two-thirds of a percent. >>> we need to get you right now baltimore. there have been three fatal shootings. the breaking news is that the manhunt for the suspect is over. authorities report that the suspect was involved in three shootings in washington, d.c. the suspect is now in custody. here's the picture. so you can see that he's wearing what appears to be a beige shirt. these pictures are of the suspect in handcuffs. police announced the 62-year-old was taken into custody without incident. ordeal happens to be employee of the federal protective service. he was put on administrative leave duties after a protective order was issued against him. the first shooting occurred yesterday at a high school. the second occ

time. we will take a short break. when we come back, the 50 places to visit. brent glass will be joining us. "washington journal" continues on this sunday morning. we will be right back. ♪ >> tonight on "q and a," historian and his book "spain in our hearts," and america's involvement in the war. tried to seizes power and in parts of the country, succeeded in 1936, it sent a shockwave of alarm throughout the world, because he was a major country in europe, the right-wing military quickly backed by mussolini, who sent arms, airplanes, pilots, tanks and mussolini sent 80,000 ground troops. here was the spanish right making a grab for power. people all over the world felt it. to be resistant. if not here, where? otherwise, we are next. q&a."ight on "c-span's >> madam secretary, we proudly votes tof our delegate the next president of the united states. ♪ [cheering] >> "washington journal" continues. host: in his introduction to the book by brent glass, "50 great american places," your friend and colleague says it is an incentive to get in the car and hit the road. why did you wri

get america's fastest internet. only from xfinity. francine: brent hits the 50's as u.s. inventories slide. the guestry and on list, china topped the agenda in the g-7 summit. the hedge fund hits the $2.9 trillion industry. that's a warning from blackstone. welcome to "the pulse," live her e in london. i'm francine lacqua. we are seeing a bit of the diversions in asia. aisasian stocks were higher. europe a little bit slack. above 50.at what it points to is the imbalances we saw in the oil markets being ironed out sooner than expected. sooner than the iea was thinking. now let's get straight to the bloomberg first word news. $2.9 trillion investment industry may lose. dayays the industry faces a shrinkage. the e-commerce giant is being investigated by the sec. at datalator is looking reported from the company single day promotion, the biggest shopping day, and how the firm consolidates results from affiliated companies. alibaba declined to comment. hillary clinton's of a private e-mail system did violate state department rules. that is the conclusion of report by the insp

a deficit. this follows disruptions from venezuela and the united states. wti is up 1.8%. brent is up 1.78%. >> goldman sachs always gets a lot of attention. the idea that we are now in a deficit earlier than expected is a big headline on that one. >>> in corporate news, quicken loans founder dan gilbert is reportedly bidding for yahoo!'s assets. and berkshire hathaway could be providing financing there. neither will comment. >>> and tim cook is in beijing and he used a didi chuxing car to get there. >>> and the new york post is reporting that facebook is testing music videos in an attempt to keep viewers from turning to youtube. the social network said they started talks with music labels about licensing songs that users can upload to their own videos such as vacation or birthday videos. >> i'm going back to using facebook, only rejoined a month or so ago. >> i need to get back into it. >> if you do watch a video, what is so clever how quickly the next video of a similar theme comes up irrelevant of if it was on your personal feed. you click on a video, there are probably three th

on wall street as investors keep an eye on oil price here. oil still high for brent and wti. wti and brent trading just so close. and there was surprise on u.s. stocks with support for oil. strong data particularly on the housing front. for once, good news on the data was good news on equities as well. let's see how the factors are playing out on the asian markets. sri jegarajah joins us in singapore. >> good morning. in the asian markets, it's down to the firmer lead on wall street overnight. the markets like the data. and the markets like the fact that oil prices are seven-week highs and we saw that move extend into asian trading as well. energy and mining space were big leaders sectorwise. the market seems to be doing a pretty amicable job. the higher dollar involvement that weighs concerns on appreciation appreciate on the currency, on the chinese yuyuan. and the markets not liking that particular potential threat and potential development. china is going to remain in folk use in the markets near term. back to you now, ladies. >> sri, thank you very much. sri jegarajah live f

barrel. bigger declines in brent, the international bench mark 20belo $47 a barrel. in japan, oil prices may have bottomed out. meantime, the u.s. energy secretary says he sees the rebalancing of oil supply and demand in about a year's time. traders digesting what was a very strong month for the price of oil. as for the dollar which typically moves in the opposite direction has seen a weak month. the stronger yen was starting to spook stock markets across the globe, but the euro continues to march higher against the u.s. dollar, up towards 115. we have a guest talking about what all these crazy moves mean for u.s. stocks. it has been a pretty sluggish earnings season overall and has been defined by lower oil prices and a stronger dollar. both of those trades have reversed pretty sharply over the last month or so. we'll see if we start to hear that from corporate america. so far it's been a little early. we'll see if investors move on that. >> i totally agree. two crucial factors you mentioned, oil prices high. dollar weak. we haven't seen positive sentiment looking forward for ear

alix: u.s. stocks mixed as we head to the holiday weekend. brent in crude suppressing $50. but the question is, what you miss? scarlet: we speak with dominic quantum who says white there would be a rate increase in july better than june. alix: and pressing the reset button for the gold default market. the $9 billion euro bond sale. reporter: and el niÑo comes to an end, la niÑa may be the next global weather pattern. we look for the impact on global markets. scarlet: we begin with markets as alex mentioned, a mixed day for u.s. equities. a little changed when you see how they ended the session. this is after a strong rally. that kind of faded as we head to the holiday weekend. if you look at the industry group, utilities were best, materials worst, and oil reaching a $50 benchmark. alix: look at the volume, it is down 14% for this time of day. clearly lighter volume in the holiday weekend. we have janet yellen speaking tomorrow. ,hey will make strong positions but i don't know what she will say about june. scarlet: if they are here. reporter: card you know what will win out. you

. this is the difference between what you pay in three or four months for the price of brent or crude compared to what you pay now. this chart shows you from back in december 2 now, you can see there is diminishing contango, baiting the spreads between brent futures and longer ones .re narrowing it is significant because it has an impact on a lot of these oil majors using profits to -- using this to profit from the contango. great to have you on the program. >> good morning. wherene: when you look at markets are heading in asia, a lot of it has to do with central banks and monetary policy. will it work? idea thattill an experimenting in the asian economies will have more impact than it does in europe. >> we are watching the qe and all that kind of stuff. for asia, the story is really the u.s. recovery. if janet yellen is able to guide that pass then we get better exploits and growth. we are getting some spillover from the kiwi but that is a second order issue. will janet yellen hike in june? hike, that would take the markets by the surprisingly could have a temper tantrum. paul: i am

brent crude. you see what it means for the fx market. both pushing that little bit higher. dollar cm y. thesee it at the bottom of screen. worried about a strengthening dollar, trying to get ahead of the curve just maybe. china is just going to ask the u.s. trade, when are you hiking interest rates next? let's check in with abigail doolittle. apple received a setback in india. the government is requiring apple to source components locally if they want to open apple stores. in other news, hp enterprise shareholders woke up to find themselves wealthier by $8.5 billion. all of the shares are sharply higher. tiffany's shares are down sharply after the company store sales were down 9% >. sales in europe were even worse. shares are unicredit higher. the ceo federico ghizzoni is being replaced. he is thought to be out of touch with shareholders. time for first word news. in albuquerque, a protest outside a donald trump rally turned violent. demonstrators burned t-shirts. police pepper sprayed and through smoke grenades. protesters disrupted trump inside. has arrived in japan. he will attend

$50 oil. vix isks is showing -- showing immense complacency. brent crude is down. we talk about asia and the economy. to see iron ore blow through. some confusion between shanghai and singapore iron ore. this is chinese iron ore. a big deal overnight. dataine: tom, this is my breach. flatarkets are basically because they are waiting for chair yellen to speak. oil falling toward $49 per barrel. gold snapping a seven-day losing streak. japan's consumer prices dropped for a second time this month. are comes as they struggling to square inflation with record asset prices and negative interest rates. tim majors is with us. -- stephen majors is with us. we will probably have to talk about treasuries first and janet yellen. the markets are not really repricing. >> there has been some kind of attempt to talk up the possibility of a rate hike. i'm going to say i don't believe it. ultimately, the fed is not going to do anything. if they are, it won't be in june. francine: what does it mean for treasuries? blue is indirect bidders. the class of investors including foreign central banks and ther

alliance has a long history to choose environmentally friendly methods. >> brent -- he is up front and sweet and not doing much to solve it but we have a hard worker they will be here through october. >> union goats. [laughter] >> i think you are right. it is not time. -- nap time. >> and went to college near central park i just loved it. >> imagine living here with the apartment overlooking prospect park only to be told to get out and they're indicating on the 23rd of this month that we are expected to be vacated but as far as i am concerned i am not moving. >> they are just two of the five left here at the residence the assisted living facility once home for 120 elders. >> why won't you leave? >> i am stubborn. >> they said the landlord announced the eviction two years ago when he said he is selling the building to a developer. >> that made expectation was to end my days here. with the rug was pulled out for under me i did not know that was going to happen. >> it was done secretly until they said they had 90 days to get out. >> the landlord is disease it was beechwood acquisition

. just ask brent peterson. there is enough true stories year. you don't have to make them up. >> i wasn't bad eager to go there and the deep dark secrets. >>. >> they are not the only thing disturbing your commute. >> it is a ghost train. with a beautiful own train carriage. so maybe a getting haunted by this coast is not bad. >> it is said to the home to the escape artist harry houdini. they challenge him and say, on. so we are in the graveyard. >> i want to let you know, maybe i would have needed to hear this. and a large part of the east village in the 1600's. tell me are you able ivar? >>. >> i met this morning telling jokes on the radio with a reaction to be walking in the room. >> fox television. >> her show is on fox on the comedy club. >> of the trump christie took eight turn he took a turn to what can he said no oreos for espy will be breaking down the significance for the entire country this sunday at noon on my9. >> it is 16 years. are you kidding me? >> it is 16 years. are you kidding me? >> he could install your ceiling fan.ce said he couldn't. and that one time ron sa

. stocks fluctuate. brent crude titers $50 per barrel for the first time in six. shares of netflix surge on a report apple bought -- time warner. investors have a taste for shares of u.s. food. kickstart other kind needs into going public. one hour from the close of trading. let's head to her julie hyman has the latest. scope of those gains and losses are very small. if you look at the s&p 500, you will see what looks like some swings, but you are talking about narrowing of the index here. drop of volume going into the holiday weekend. we are not seeing that much on the big scale. material stocks are down as a group. financials as well. defensive groups are doing better today. that is the push and pull we are sector level. on the individual level, stocks facebook is higher as is apple and costco. companyising after the came out with earnings that beat estimates. antiscience yellen, regarding what they are expecting in that event? uptake -- uptick in bond yields. we heard was seemed to indicate the fed clearly saying the market is not pricing in as many increases as could happen. th

and gasodity producers companies. if we look at oil, we have seen wti and brent gained today. goldman sachs is saying the market moved into a deficit earlier than expected. we are seeing oil climb. oil producers are taking advantage of the rebound to lock in protection against another slump. that is the impression we are getting. oil has been rising alongside that line. china being a focus, we have that retail sale data out on friday. the dollar hit a six-week high. today, we have seen some dollar strength and yen the weakness. the dollar up 1/10 of a percent against the yen. this trade is in focus as we get dataed minutes and gdp from japan on wednesday. falling with the fed, this is something you want to keep an eye on. the yield curve has been flattening in the u.s. the gap between two and 10 year yields is narrowed to its narrowest since 2007 on a closing basis. is this about investors moving further out along the curve, not just in the u.s., but globally? either way, important to keep an i am us. francine: thank you. middle eastern energy producers have had their ratings lowered.

the brent wood and oak lee area. you see the yellows there. 4:00 a.m. on friday morning. this stuff is coming in from the east. that's wet. more scattered showers at 5:00 a.m. i don't think it'sgoing to mess up the morning commute too bad because it's widely-scattered. real widely-scattered. mostly cloudy. then we get to 6:00, and it looks like it's dying down. it should make for a much better saturday. some clouds will linger. do you see the shift kind of? saturday morning, a little something leftover, and then it starts to move off. tomorrow afternoon, we'll mostly be the most turbulent of the weather as we move into the next 48 hours. mid to upper 60s. maybe a couple of low 70s through gilroy. the five-day forecast. tomorrow morning and afternoon. it should be very short-lived and out of there by saturday, mid-day. in the meantime, wild weather to extend. like in oakley today, you'll see the lightning and hail. if you're like most of us, you won't see anything. >>> the sharks are in triple overtime right now. that's up next in sports. we'll be right back. >>> this is what's great

price of brent. in purple, the brent moving average. in blue, the 200 day average. the average price of brent c rude is set to rise -- that's a golden cross. that is to be we seen as a sign of bullishness. now, we are joined by a managing director and jpmorgan global market strategist. you so much for coming on. let's start with you. i do not know how much you look at currencies, but we talk about goldman sachs saying that expect the dollar to rise. overall, is this going to be the big theme? are traders going to nowhere -- it is inward looking. every single major economies looking inwards. >> what is really remarkable if you look at the period since the crisis has been how much of major currencies have moved against each other. if you look at the dollar versus yen, the dollar versus the euro, etc. it has been 30% of change with real macro economic change being rather limited. a lot of this has been german on expectation, the expectations of diversions, expectation -- a lot of this has been driven on expectations. the continuation of exactly that theme, that in an economy where japan is

the brent contract, blasting through $50 a barrel last week. $49.48. that number at the dollar in focus. let's get to abigail doolittle. abigail: one of the top stocks we are watching, monsanto shares were trading higher following a report that bayer is prepared to sweeten its bid following the rejection last week of the initial $122 per share bid. some believe monsanto is looking for between $130 and $140 per share. , a few of theope european apple suppliers trading down at this time following a nikkei asian report that apple could extend its iphone product cycle from three years to one years and that would reduce the supply chain. soaring and the premarket are shares of sella tour, up more than 40% on the news that jazz pharmaceuticals will acquire the , putting them in control of an experimental drug for a rare blood cancer. those are some pre-market movers. megan: let's get an update on what is making headlines. korea's latest attempts to launch a ballistic missile appears to have sale -- failed. kim jong-un's regime try to launch the missile in violation of united nations res

board. euros trading 111.8 and the pound is 147.04. >> and i'll applies. brent crude prush pushing above $50 for the first time in several months. and were some people right just a couple months ago that made that trade. also shares of takata. kkr expressing interest in taking control of the japanese firm. this coming a it is air bag supplier facing billions in cost due to the recall of those faulty parts. and u.s. foods raising a billion dollars in its ipo making the second biggest of the year. shares are trade on the nyse today under usfd. >> stocks to watch this morning. hp, inc. reporting better than expected second quarter profit. cost cutting offset a drop in revenue. amid continued weak demand for pcs and printers. outlook is below and lower degree not much watch in that stock. and costco, a pull back in spending by high income consumers who make up cost key's business base led to weak sales in april. and pvh is raising guidance after posting better than expected first quarter results. phillips van huesen. >> strong results from tv operations including orange is the new blac

venezuela will undermine the project there. you will see that brent crude closed just shy of $49 a barrel after 2.3%. closing 3% higher at seven dollars and $.20. those higher oil prices have been helping stocks stateside. are pulling some gains with the dow jones industrial average up 1.2%. is powering ahead after it was announced that the company run by warren buffett has taken a state in apple. it is helping them push the nasdaq higher. let's talk you through the european close. picture more of a mixed frankfurt dax closed this monday. and with that, we will wrap up the business news for now. time to give you a quick reminder, western powers have agreed that they will arm the government in libya. they have reached a deal pledging to help tripoli fight the islamic state group. gaining a foothold amid the chaos of post gaddafi libya. the latest industrial action against the controversial changes to labor laws. and a brutal dictatorship in chad. and we've got more from the cans home festival. meeting susan asandon and gina davis thelma and louise celebrates its anniversary. >> exac

price. but today we are seeing a rebound in wti and brent. both the wti and brent up 1.14% driven by wildfires in canada. and saudi arabia announced a major reshuffle in the government. the kingdom is replacing the energy minister. that's al-naimi there who has been on the job since 1995 and long seen as the market kingpin. now the current chairman khalid al-falih will be the new head of energy ministry. he's expected to lead the sector as part of the post oil economic overhaul. he's already vowed to maintain stable petroleum prices, so in many ways this was a move some saw coming for quite some time as we talk about the reformation going on. >> we knew that al naimi wanted to take an exit. but i'm not surprised, we'll talk more about that in a second. >>> in the space of oil, the wildfire in canada has knocked down over 1 million barrels of oil per day according to new estimates. this equates to over a third of the country's output. firefighters said the winds are moving in their favor but the blaze continues to rage on and the officials warned they could be fighting it for months.

comes to brent, failing to hold above $50. stay with bloomberg. coming up next is "bloomberg best." ♪ ♪ david: coming up on "bloomberg best," the stories that shaped the week in business around the world. could the chemistry be right for the bayer-monsanto merger? >> i have rarely seen such a friendly rejection from the target company. david: does deutsche bank deserve more credit for its comeback efforts? >> it's offering results have been in decline the past couple of quarters. david: has greece turned the corner in its debt debacle? >> we still have to work that out. david: high-profile leaders share high-level insights in the week's best interviews. >> i have confidence that the regulators want this to be a level playing field. >> we can expect turbulence in the financial markets. david: preparations for shanghai disneyland. david: it is all straight ahead on "bloomberg best." ♪ david: hello and welcome, i am david gura. this is "bloomberg best," the your weekly review of the most important analysis of business news and interviews from around the world. twooposal to merg

undocumented people in this country, illegal immigrants. joining us is brent wilkes, the executive director of the league of urban latin american citizens. what you know so well here, brent, is this is a big issue for the latino-american community here in the united states, when they hear the the word illegal in front of immigrant. >> absolutely is, richard. it's a per jor rative word. immigrants when they hear the the terms illegal alien they are offended, up set about it. words matter and it has an impact on policy, it's been poll tested that when people hear the terms illegal alien they are more likely to be opposed to immigration reform than if folks refer to undocumented immigrant and that's what this is about. >> and one has to think about just to go back a bit, and we have to go back to world war ii, we hear the word alien it reminds us of the japanese internment. >> it does. and it makes it seem like you're other, apart, you don't belong here. the fact of the matter undocumented imi grants have violated a law but it's not even a misdemeanor and so to call someone an illegal alien ov