Swiss drugmaker roche wins emergency approval ceo tells cnbc it will take more time to deliver a vaccine. It will take years to develop a new medicine, so most experts agree that it will take at least 12 to 58 months until we see effects and available in the necessary quantities for patients. Travel stocks as billionaire investor saying he was wrong to buy into the sector. And the uk looks to overtake itsly as the worst hit country with death toll nearing 29,000 as rome eases restrictions while the British Government plans to ease its road map later this week welcome to street signs. Lets kick off with fresh data this is the eurozone april final manufacturing pmi. This, a number just crossing the wires. It has come in at 33. 4, broadly in line with flash estimates of 33. 6 we in terms of the detail here, the final new orders pmi, one of the components came in at 18. 8 that was slightly worse than the flash numbers at 19. 1 and marks a survey low new orders are looking very, very weak.
About how her organization is approaching testing, treatments and vaccines and which countries she says are doing the best right now handling the pandemic. Plus, the interim president of new yorks mta joins us to discuss a path forward for pass transit and whether people will ever feel comfortable riding in a crowded subway car again the biggest subway system in the country. Lets focus on the big stories were watching kayla has the latest on a new 3 trillion relief bill proposal. Mike diving into the Federal Reserves Corporate Bond Purchase Plan which kicked off today. Kayla, lets start with you and washington relief. We are waiting to hear from House Speaker nancy pelosi to discus what they are calling the heroes act this second wave of multitrillion dollar stimulus that now democrats say is needed to jumpstart the american economy. Pelosi has urged her conference to think big, even as many fiscally minded democrats have raised concerns b about the price tag. In this 3 trillion packag
As georgia swings its restaurant and Movie Theater doors back open right now, we are going to get a realtime ontheground assessment and report from the ceo and cofounder of atlantabased wing zone. The restaurant chain with 90 different franchises. Youve got to hear how hes describing the brand new day here in georgia. But as concert venues and sports arenas remain absolutely shuttered still, whats a Live Entertainment company doing . In his first interview since announcing that it will refund Ticket Holders of concerts that had been postponed due to the coronavirus, live nations president is here. What he needs to see before lifting the curtains back up on concerts around the world. Plus there is breaking news on live nation. The Saudi Sovereign Fund has made a big investment in the company. Its a fox business exclusive. We will hear from joe in just a moment. But a true return to normal really hinges on the search and discovery of a cure for the deadly coronavirus. A new player is a c
That nobody would have ever thought possible. It has been incredible. That is why the numbers are so far much better. We want to keep it that way. If you look at the original projections, if we did nothing, it would be disasterous. If we, we decided to do something, we closed it down. Had no choice t was a good move. That was a good move. The early china move was a good move. Early europe move was a good move. We did a lot of good moves. Closing it down was a big statement, an important thing, but were looking to have far viewer deaths than originally thought and i think were heading in that direction but it is too early to talk about it. I dont even want to talk about it now because we want to work and, i think that people are doing an incredible job. The doctors, the nurses, the firefighters, the police, all medical people, what theyre doing, the bravery theyre displaying is just incredible. Every citizen should take immense pride in the selflessness and all of the courage and compas
That nobody would have ever thought possible. It has been incredible. That is why the numbers are so far much better. We want to keep it that way. If you look at the original projections, if we did nothing, it would be disasterous. If we, we decided to do something, we closed it down. Had no choice t was a good move. That was a good move. The early china move was a good move. Early europe move was a good move. We did a lot of good moves. Closing it down was a big statement, an important thing, but were looking to have far viewer deaths than originally thought and i think were heading in that direction but it is too early to talk about it. I dont even want to talk about it now because we want to work and, i think that people are doing an incredible job. The doctors, the nurses, the firefighters, the police, all medical people, what theyre doing, the bravery theyre displaying is just incredible. Every citizen should take immense pride in the selflessness and all of the courage and compas