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.
Stimulus checks from being collected p. And Child Support and spousal support can be collected. The gap sounding the alarm. Saying its hard hit by the coronavirus outbreak. It may not the have enough cash to stay open. The one in San Francisco, a building the company may not be able to pay for any longer. In the the security styling, the gap explained how bad things had gotten because of the coronavirus they splay to take steps to keep the cash flowing over the next couple months. Big name stores in San Francisco remain closed among the coronavirus pandemic. And each day passes, even the biggest names say they may not reopen. The iconic San Francisco based retailer the gap. We heard issues ability the gap and the owe associated stor before. Reporter the company says its trying to preserve cash, and missed the april present payment. That is 115 million monthly in north american. It rep zens old navy, Banana Republic and others. If they dont have enough sort of retained earnings to make
If you look at it, it is more of a financial thing than an Oil Situation. Airlines stock go into descent. Problems for peugeot expecting to see the european car market shrink this year. Lse outperforms. Also reaffirming the final dividend and will complete the 37 billion refinitiv deal in the second half. President trump issues an executive order suspending all immigration into the United States to, quote, fight the invisible pandemic and to save american jobs. Well documecome to street. Lets get to the top stories of the today, which is energy markets. U. S. Crude turns negative for the First Time Ever. Siting the strain on storage looking at minus 2. 08 falling 30 , yesterday settling over minus 37 a barrel. That means producers would pay traders to take oil off their hands. Amid widespread lockdowns amid an output cut among opec have not yet taken effect uta trading around 20 a barrel. Clearly holding out much better than the may contract. Big questions remain over whether we could
Been warning people driving into pacifica that if they dont live within five miles of the beach, they shouldnt be visiting it. But these signs are soon going to be changing. Come monday, people who live within ten miles will be allowed to visit. That means more people can be expected at San Mateo County beaches. Governor gavin newsom is closely watching beaches and parks this weekend as his office weighs fewer statewide restrictions. In pacifica, there were few people out this weekend compared to last. But Pacifica Police were again out on patrol explaining new changes coming. Youll be allowed to be at the beach if youre moving. If you are watching the kids on the water. Reporter Marcel Martins and his wife already got a visit from the beach patrol. No beach blankets, chairs, coolers, or other lounging items will be allowed. Lots of people have been keeping away from the beaches the last two weeks because its been too crowded. I think after two months this is the first time we came out
Paycheck Protection Program starting today. Small businesses should start to see part of that 332 billion plan approved by Congress Last week. The original fund quickly drained leaving many mom and pop shops across the country simply emptyhanded. Good morning to you all. Thanks for joining us on this monday. Im marcus washington. And im laura garcia. I hope you all had a great weekend. Were going to have a look at mikes traffic update in about eight minutes. Good morning to him. Good morning to kari right now. Happy monday. Good morning. Happy monday. Im just wondering what happened to the weekend. Here we are once again and were still enjoying that beautiful weather we had with a lot of sunshine. We do see low 50s in the south bay and upper 50s in oakland. As we check out our high temperatures were looking at once again another really warm day. A high of 78 degrees in san jose. 79 in napa. Up to upper 60s. Well get our micro climate in the week ahead coming up in a few minutes. A fire