yeah well that's why we're here of course the university of oxford absolutely at the forefront of global research into these various aspects of the covert 19 response there is a team at the jenner institute here at the university of oxford which is absolutely streets ahead of anyone else in the search for a vaccine there are more than 100 projects around the world involved in vaccine research some of them have started small clinical trials here at the general student oxford they've got a large clinical trial underway a 1000 participants already they're scaling up to $6000.00 participants by the end of this month they've had good positive results in macaque monkeys and they are cautiously optimistic that they might have a vaccine on their hands and if they do they might know that for a fact by september but of course that means nothing in terms of when that vaccine will be available globally and that could yet as everyone warns be 18 months away because they've got to then scale that up not just into the millions but the billions of. doses of the vaccine to be handed out there is also a s

by the university of oxford those sorts of trials that a shed around the globe in a one way fast tracking this process. one of these out to run on the market already so in a way it's comparative triers they don't read if you don't need you thank you to reprosecute us who are there to use them so they're they're out there on the market and they can be used and it's just the indication the new indication but you have to be oh well it's of the fact that. a infected person with the cone of avarice. is in different stages some pay very little sometimes some very heavy symptoms some on and on not to fear respiration so there are again you this a diversity of patients which need to be treated and to it's not so easy to funk roups and then test each drug at each stage of a patient sit on a patient situation so that it's. it's not easy from a cannot really to really be repeated end up standing nets and recommitted asians work about it and although it's not a total success i'm told some of these drugs do minimize the time people spend in hospital which is one of the biggest bugs in this crisis is g

a more let's bring in the at a chick she's professor of economics at the university of oxford and chief economist at the european bank for reconstruction and development it's good to have you with us so what would you say to what extent is the pandemic bringing in the end of the global economic system the way we know it. the pandemic hit at the time when the global economic system has been under threat to world trade organization has been weakened the u.s. china trade war has not finished the tensions between the u.s. and china and many reignite and the moment so the biggest threat to globalization is not coming from the endemic itself but rather from the policy changes that makes all of that what you mentioned exactly the pandemic is actually in hand saying protectionism that we've seen already before however does becoming less dependent on countries like china actually make sense business sense. well then condemn it will change the way we think about global chains in the early days of the pandemic the world sudden the came there were of how dependent we are on china in terms of parts

i know the university of oxford has worked very hard. ding a vaccine. anything that could... this is right. if by some use of a blood thinning agent, you could limit the damage and keep people alive, this has got to be a positive side. there will be some really aggressive testing on this to see if it is something that can be sorted out. she‘s in charge of this project, and seems very positive that this could bea seems very positive that this could be a significant development. let us hope so, because we are aware of thousands of people who have died, and may be if this had been developed earlier, that might have saved not all by any stretch, but some of those lives. we hear about consistently new issues. the childhood thing, the issue there of a particular strain of illness. inflammatory disease. but look at that now. you mentioned it a moment ago. penny, the mail on sunday. now it‘s doctors at war on schools. a different opinion on when and how children should start going back to school again potentially. again, come back to that point.

to try to find out, 3,500 children are being tested in a project led by the university of oxford.ow not many children are being admitted to hospital or becoming unwell with this illness, and that's fantastic, but it's important to understand how many children are getting the infection, albeit in a mild form, because they may potentially be transmitting it onto others and therefore become a source of spread within the community. so far, there's been very little research into this. one of the largest studies, of 2,000 infected children in china, found 51% had mild symptoms, 39% were moderate, and just over 4% had no symptoms at all. but in iceland, a different kind of study found that of sas children under the age of ten, none of them had any sign of infection. so, what does this confusing research mean for schools? in denmark, where they've reopened, the children are kept apart in classes. but once outside, they of course crowd together. the risk to them might be low, but it's greater for the teachers. when we think about opening schools and having large gatherings of kids, althoug

working tirelessly and astrazeneca with research and development facility partnered with the university of oxford already in training phase one clinical trials the collaborative with johnson & johnson with the lead candidate and those solutions will be providing contract development and manufacturing services to promote johnson & johnson commitment for 1 billion vaccines worldwide now with the frontline health care workers those with covid-19 these physician assistants lab techs emt and others go to work day after day facing the imaginable stream of the deadly virus these are by no means exhaustive law enforcement agencies and higher education institutions to pitch in for covid-19 now they're stocking grocery stores and shelves delivering groceries to keep families and young children entertained as they continue to practice social distancing making homemade face coverings for those who need them i see my neighbors come together to make lunch packs for families in need mlk junior said be great because anybody can serve covid-19 pandemic does not test our character but reveals it i am so proud to r

the government said the university of oxford is progressing well in its race for a vaccine and has reachedeal to make 30 million doses available to the u.k. by september if trials are successful. >>> now, here at the vatican, st. peter's may be reopen, but you'll probably only see alians around for now dueo international tational travel b. italy wants to reopen its borders on june 3rd, but starting first only with other european union countries, just in time for summer vacation. >> and that is the overnight news for this tuesday. for some of you, the news continues. for others, check back later for "cbs this morning." and you can always follow us online any time at cbsnews.com. reporting from washington, i'm jeff pegues. ♪ ♪ captioning sponsored by cbs >> o'donnell: breaking news tonight, president trump says he is taking hydroxychloroquine to prevent covid-19. despite warnings, the president has been on the unproven drug for the last week and a half. >> i'm taking two, the zinc and the hydroxy. all i can tell you is so far i seem to be okay. >> o'donnell: promising vaccine news. early res

to try to find out, 3,500 children are being tested in a project led by the university of oxford.ot many children are being admitted to hospital or becoming unwell with this illness, and that's fantastic, but it's important to understand how many children are getting the infection, albeit in a mild form, because they may potentially be transmitting it onto others and therefore become a source of spread within the community. so far, there's been very little research into this. one of the largest studies, of 2,000 infected children in china, found 51% had mild symptoms, 39% were moderate, and just over 4% had no symptoms at all. but in iceland, a different kind of study found that of sas children under the age of ten, none of them had any sign of infection. so, what does this confusing research mean for schools? in denmark, where they've reopened, the children are kept apart in classes. but once outside, they of course crowd together. the risk to them might be low, but it's greater for the teachers. when we think about opening schools and having large gatherings of kids, although we

fundingon in to develop a coronavirus vaccine from the university of oxford. the u.k. ts to supply 400 million doses and capacity to make over one billion. the oxford vaccine is one of the moving andtest astrazeneca says it expects to start supplying doses this september, so in just a few months from now. chancellor angela merkel in berlin says a deal to bailout lufthansa is close. it provides hope for a quick rescue package, as the airline's management warns employees of the urgency in a dramatic letter. berlin says talks are ongoing with the company and the european commission as well, which would need to approve any deal. merkel says if you want to know what it looks like come away for the talks to end. easyjet is planning to resume flights from june 15. the airline says a small number of roots will restart where there is demand for flights. initially, that will comprise of domestic flying in the u.k. and france. it comes as airlines around the world are trying to resume operations. and that is your bloomberg business flash. anna? zone,matt, in the euro the frugal fo

are expecting an actual increase in the number of it's an exponential increase in the coming weeks there been then universities working together with oxford university in the u.k. studying the curve of infection in brazil and what they're saying is that they are now predicting that the curve of infection in brazil could be as bad or even worse than the one in the united states that has been the center of this health crisis is in the world now one of these studies predicts more than $60000.00 deaths in brazil by june 9th so very warry some they're also saying that at the end of all this crisis brazil could be the worst of all the countries affected by the number of deaths or the 2nd the u.s. a lot of the problems with these studies is that brazil hasn't been able to do much testing. probably the worst country in all of latin america compared to the number of people compared to the populations that also tells us that the numbers that we're seeing now are probably. way lower than the reality of infections in the country well this is happening to president i hear both so that it keeps me my eyes in the effects of the coronavirus in the countr

a pharmaceutical company with research development companies have partnered with the university of oxford for a potential vaccine that is centered phase one clinical trials. emergent bio sources is clapping with johnson & johnson on a covid-19 vaccine candidate. it will provide contract development and manufacturing services for maryland to support johnson & johnson's recently announced commitment by 1 billion vaccines worldwide. i would be remiss if i didn't thank maryland's frontline health care workers who who care for those of covid-19. these physicians and physician's assistance nurses emt personnelh and many others work day after day facing the pun imaginable stress of caring for patients with a deadly virus and accompany their families bury these examples are by no means exhaustive. law enforcement agencies nonprofit and entire education institutions and individual marylanders pitching in to beat covid-19. marylanders are stocking grocery cells driving buses delivering groceries to elderly neighbors keeping families and young children entertained as we continue to practice social d

the university of oxford saying they might have a vaccine as early as september. than half of states have begun or will soon begin allowing more businesses to operate again according to strict safety guidelines that. 's vital to get the economy moving. the initial reading of gross domestic product in the first three months of this year showed that the economy sank at an annual rate of 4.8%, the biggest quarterly decline since the big recession, and economists believe the numbers are going to get worse. federal reserve chairman jay powell believes the unemployment will soar, saying that we can't worry about the massive amount of debt piling up on the federal ledger right now. >> this is not the time the act on those concerns. this is the time to use the great fiscal power of the university to do what we can to support the economy and try to get through this with as little damage to longer run productive capacity of the economy as possible. gerry: even the most fiscally conservative economists recognize it's important for governments to spend heavily during a financ

to try to find out, 3500 children are being tested in a project by the university of oxford. >> notydren are being admitted to hospital and that is fantastic. uwe have toerstand how many children are getting the infection. they may potentially be transmitting it to others and sping it in thmunity.urce of david: so far there has been little research into this. one of the largest studiesf 2000 infected children in china found 51% had mild symptoms, 39% were moderate, and justha over % no symptoms at all. inud iceland, a different found of 848 children under the age of 10, none had any sife of ion. what does this confusingar resech mean for schools? in denmark, where they have reopened, children are kept apart in classes. the riskor them might be low, but it is greater for the teachers. >> we think about opening schools and having large gatherings of kids,lthough we not know how well and how fast this virus might spread in the gup, we do know adults working with these kids, teachers, administrators, are more suscept to this severe covid-19. david: when it comes to reopening schools, the

amount of money to british-swedish drug maker astrazeneca to develop a vaccine from the uk's university of oxford. astrazeneca says it could manufacture a billion doses by the end of 2021 with the first deliveries in september. the team developing the drug is stunned to get so much support so quickly good if you had sa. >> if you had said that would happen a month ago, i would have said wild. we're thrilled. >> human trials began in april. participates' blood is now being checked for antibodies to see if the vaccine has been effective. the results are expected in two to six months. >>> a new strategy for summer travel. the ceo of airbnb says his company is witnessing a shift as people look to avoid airports and crowds. airbnb bookings are surging for affordable stays within 200 miles of your home base. >> what we're seeing is guests want to get out of their house, but they want to not go very far. so in a way, people are starting to rediscover the places around them. they want to get in a car and recover the environment around them. >> within 200 miles, somewhat of a staycation. nbc's sam brock s

. >> reporter: they're hoping the university of oxford in england that this vaccine will work and be ready by september. it's one of more than 100 that scientists around the world are rushing to develop. here in the u.s. the trump administration is calling it operation warp speed, pushing scientists, drug makers, and the military to race a vaccine through research and into production, ensure its safety, and have enough doses for every american by the end of the year. >> i hope we're going to have a vaccine, and we're going to fast-track it like you've never seen before. >> reporter: there are currently eight possible vaccines in human trials, and two of them are here stateside. anthony campisi is a volunteer at one of them at the university of pennsylvania. >> it feels really gratifying to be able to move the science forward on this. >> reporter: there are concerns that even if a vaccine is ready by december, it may take longer to make the vials and other products needed to share the medicine. the nation's top infectious disease doctor says that work needs to start now. >> you don't w

the funds being pledged and both are at advanced stages of trial and research here at the university of oxfordofessor martin landry is leading the world's largest clinical trial into the coronavirus treatment, a project recovery. he's hoping to find an existing drug or combination that works to save lives well before a vaccine becomes globally available. >> i think here is probably too strong. there will be a single drug that suddenly wipes out coronavirus, but i think effective treatments are in sight and they are critical, because patients are dying today and tomorrow and the day after. best in the world, we are 18 months off having a scaled up vaccine at best. we need treatments for now. reporter: only in europe and parts of asia are there real signs of an truck -- infection slowdown. globally, new cases are being reported at more or less the same rate as they were a month ago. fears are greatest for the developing world, where social distancing is inadequate or impossible. the greatest hope lies in a global third against a global threat. al jazeera, oxford. slowra: italy has begun a return

the funds being pledged and both are at advanced stages of trialing and research here at the university of oxford professor martin landry is leading the world's largest clinical trial into coronavirus drug treatments a project called recovery he's hoping to find an existing drug or combination of drugs that works to save lives well before a vaccine becomes globally available. i think your is probably too strong i don't think there'll be a single drug that suddenly wipes out clone a virus but i think effective treatments are in sight and they're critical they're critical because patients are dying today and tomorrow and the day after and even with the best will in the world where 18 months off having a scaled up vaccine at best we need treatments that deal with the problem of now. only in europe and parts of asia are there real signs of an infection slowdown globally new cases of covert 19 are being reported at more or less the same rate as they were a month ago he was a greatest for the developing world where social distancing usually adequate and possible the greatest hope lies in a global effor

from having and developing coronavirus, but the study leader, professor nicholas wight at the university of oxfordow if the drug is beneficial or harmful, and there are great concerns that it is being promoted by some world leaders, president trump, for example. jair bolsonaro, the brazilian president as well, promoting its use, that some people might go and consider self—medicating, but there are real risks of overdose with hydroxychloroquine, it is very difficult to treat if you overdose and there can be fatal side—effects as well. and just remind us, why is this drug even being considered in the first place? it has long been used to treat malaria, arthritis, lupus, for example. it reduces fever and inflammation and we have seen some patients inflammation of the lungs if the have coronavirus, so it does have a proven pedigree and other instances but the side—effects are severe if it is used in the wrong instance, and so researchers and doctors are obviously approaching coronavirus blind. it's a new infection, it's a new virus. it only really popped up at the beginning of the year so they are try

to try to find out, 3,500 children are being tested in a project led by the university of oxford.or becoming unwell with this illness, and that's fantastic, but it's important to understand how many children are getting the infection, albeit in a mild form, because they may potentially be transmitting it onto others and therefore become a source of spread within the community. so far, there's been very little research into this. one of the largest studies, of 2,000 infected children in china, found 51% had mild symptoms, 39% were moderate, and just over 4% had no symptoms at all. but in iceland, a different kind of study found that of 8118 children under the age of ten, none of them had any sign of infection. so, what does this confusing research mean for schools? in denmark, where they've reopened, the children are kept apart in classes. but once outside, they of course crowd together. the risk to them might be low, but it's greater for the teachers. when we think about opening schools and having large gatherings of kids, although we don't know how well and how fast this virus mi

professor rana mitter is the director of the university of oxford china centre. what is your thinkingof this decision, these negotiations, this debate that takes place on friday, why now? i think place on friday, why now? ithinka place on friday, why now? i think a couple of things have come together, one is, as your speakers were saying, they covid—19 pandemic has meant the attention of the world is turned away. provides a breathing space in terms of the policy. secondly, it's clear for months china has been coming increasingly impatient and outraged by the way it sees hong kong be out of control and in some ways their problem is not the violent protests which caught lots of the attention last year but actually the increased peaceful protest that was becoming more and more obvious in the streets during last year, and the democratic election at local council election of candidates against the idea of expanding beijing's power. it seemed this was a moment to choose before the situation went even more away from the direction beijing would like to take. we are sensing the sense of shock

thousand children are being tested ina thousand children are being tested in a project led by the university of oxfordmitted to hospital or becoming unwell with this illness. and that's fantastic. but it's important to understand just how many children are getting the infection because they may potentially be transmitting it on to others. and therefore become a source of a spread in their community. so far, there is been very little research into this. one of the largest studies of 2000 infected children in china found 51% had mild symptoms. 39 were moderate injust over 40% had no had mild symptoms. 39 were moderate in just over 40% had no symptoms at all. but in icing a different kind of study found that of 8118 children under the age of ten none of them had any sign of infection. so what is this confusing research mean for schools? in denmark where they've reopen the children are kept apart in classes but once outside they of course crowd together. the risk to them might be low but it's course crowd together. the risk to them might be low but its greater for the teachers. when we think about opening

children are being tested ina out, 3500 children are being tested in a project led by the university of oxfordal are becoming unwell with this illness, which is fantastic, but it‘s important to understand how many children are getting the infection, albeit in a mild form, because they may potentially be transmitting it to others and be a source of spread within the community. so far, there‘s been very little research into this. one of the largest studies, of 2000 infected children in china, found 51% had mild symptoms. 39% were moderate, and just over 4% had no symptoms at all. in iceland, a different kind of study found that, of 8118 children under the age of ten, none of them had any sign of infection. so, what does this confusing research mean for schools? in denmark, where they have reopened, the children are kept apart in classes. but once outside, they of course crowd together. the risk to them might be low, but it is greater for the teachers. when we think about opening schools and having large gatherings of kids, although we don‘t know how well and how fast this virus might spread in t

has given astrazeneca more than a million dollars to develop a coronavirus vaccine on the university of oxforditish drug maker hopes to have dosage ready as soon as september. the u.s. is also given money to sanofi to develop a vaccine. generic drug maker acorn has filed for bankruptcy. controversy about its quality control methods. it also has reach an agreement -- that is your bloomberg business flash. tom? francine? francine: thank you so much. this is what i am looking at when it comes to your markets. first of all, stocks in europe, but also futures in the u.s. are pointing lower. it has to do with the chinese-american ties, about this trade that has actually deteriorated, or the rhetoric is getting more aggressive. it is definitely catching a cloud over the recent rally that tom,d with treasuries, aligning with the dollar. tom: the euro stronger against sterling. coming up, wolfgang munchau -- really been looking forward to this -- wolfgang much out on the future of germany. please stay with us. this is bloomberg. ♪ francine: this is bloomberg surveillance, tom and francine from new york

to try to find out, 3,500 children are being tested in a project led by the university of oxford. not many children are being admitted to hospital or becoming unwell with this illness, and that's fantastic, but it's important to understand how many children are getting the infection, albeit in a mild form, because they may potentially be transmitting it onto others and therefore become a source of spread within the community. so far, there's been very little research into this. one of the largest studies, of 2,000 infected children in china, found 51% had mild symptoms, 39% were moderate, and just over 4% had no symptoms at all. but in iceland, a different kind of study found that of sas children under the age of ten, none of them had any sign of infection. so, what does this confusing research mean for schools? in denmark, where they've reopened, the children are kept apart in classes. but once outside, they of course crowd together. the risk to them might be low, but it's greater for the teachers. when we think about opening schools and having large gatherings of kids, although

. >> the university of oxford said it has started recruiting participants for phase 2 and 3 trials for the own potential vaccine. that's the next step. the next phase will enroll more than 10,000 adults and children. for more let's go to our nina dos santos in london. what can you tell us about the next phase in the trial? >> reporter: thanks very much, anna. it's eagerly awaited news certainly for people trying to get back to their daily lives. initially the jenner institute had given this vaccine to try to prompt an immune response. it has been attenuated and it can't take hold. hence, the safety aspect of it. 1,000 people have been given it but they feel confident to enter the phase 2 and phase 3 parts of the clinical trials. so crucial to getting the fda approval and to try to get it to the market and people who need it. as you mentioned, they're going to be adding 10,260 people to the trial as of now. the really important thing is they're going to be broadening out the age spectrum and figure out what immune response is prompted. they're adding over 65. that's the category deemed