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.
Hitting targets. Our Balance Sheet is solid. Our cost base is supreme. We are bringing in pay increases and paying down the debt. The ftse 100 hovering around record levels despite concerns over the health of the uks financial market. Well be discussing with bim afolami this hour. And taiwan inauguration is drawing the eye of beijing. The new leader is calling for both sides of the Taiwan Straits to pursue peace. I hope that china will face the reality of the republic of chinas existence and respect the choices of the people of taiwan and in good faith choose dialogue over confrontation and exchange over containment. Irans president and foreign minister have been killed in the Helicopter Crash in bad weather. State media says all passengers died. It battled blizzard conditions and dogs and drones to find the accident site on sunday. State tv paused programming to show prayers. The helicopter hit the Mountain Peak in the ynorthwestern part f the country here azerbaijan. We have more wit
Bank rallied. Coming off record lows from the equity come this story has legs. This withill follow the former Philadelphia Fed president coming up in just moments. Later, the ceo of one of the largest u. S. Automakers, ford, will be joining us. A lot to look forward to. Jon, we are seeing a little bit rally. Of a relief that has been the story over the last couple days. Deutsche bank up on the session. Similar story on the ftse. The fx market, not much price action. The opec jawbone in overdrive. That story has legs. The commodity market is a little bit stronger. Brent up by 2. 4 . Almost streaking back to a 47 handle. Twoyear yields in germany, alltime low yield. Today, in a secondary market, worth 1. 5 basis points. Yesterday, negative, negative, negative, negative yields. Bonds are back in their box. Alix what happened to the yields backing up . That seems to have gone off the ledge. Lets check in with their bloomberg team. Guy johnson is in london having the latest on the Banking S
Up to nine and we will learn if there will be issues with arrival delays. 1. 5 in novato and half in santa rosa. We start with the bay and the next 12 hours, there is fog and 45 and breaks in the clouds and 57 by noon. Mostly cloudy in the afternoon and temperatures are in the low 60s and a few upper 50s and humid at 7 00 but dry with our best chance of drizzle overnight. Foggy inland in the north bay at 42. Partly sunny in the afternoon hours and lowtomid 60s and in the mid50s in evening hours. You have lots of fog with a lot of reports of foggy conditions so be very careful to 780 in the westbound direction you have a vehicle off the road way and we have some delays pushing away from 680. You can see the area shaded in orange where fog could affect your commute. So far we have one report of a possible accident, minor, though, northbound 101 up to the nimitz and we have diminished speed at 38 Miles Per Hour. Everything else is at top speed. This is the maze along i80 tail lights pushi