joining us is andrew pekosz. thank you so much for joining us. at some of the positives we heard over the last couple of days, how close are we to a vaccine that will last and work? andrew: we have a number of studies entering what is called phase three clinical trials, and that is important because those are trials that increase the number of people getting the vaccine, so now we will be talking about thousands or tens of thousands in these trials as opposed to 50 or 100. the other thing these trials will do is look at efficacy. they will follow people and see if they are getting infected compared to a control group of people who are not getting the vaccine. we are going to start to see data on antibody responses as well as real protection from infection. that is of course the critical bar that we need. it is important to note that there are probably four or five vaccines entering these trials, so we have a lot of candidates coming through, which increases the likelihood of finding the ones that are working the best and are the safest. francine:

andrew pekosz of johns hopkins. check out the bloomberg for the latest information. everyday for our conversations with johns hopkins. at swan, that conversation 11:30 a.m. in new york. we will talk about intel and valuations. that is 4:30 p.m. in london. this is bloomberg. ♪ francine: this is "bloomberg surveillance." let's get straight to the bloomberg business flash. karina: good morning. shares of intel are falling the company revealed that a new chip production process suffered another delay. that boosted rivals. at issue is a new method for cranking out smaller, more powerful chips. it is the latest sign the coronavirus is wreaking havoc in hollywood. disney has canceled the august release of the anticipated film delayed future star wars and avatar movies by when you. amc has delayed his reopening until mid-to-late august. about 400,000 airline workers around the world have been fired, furloughed, foretold they will lose their jobs because of the virus. the biggest losses have been in north america, europe, and asia. job losses in related industries such as air