1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,680 --> 00:00:19,239 Speaker 3: Well, let's take a look at some stocks on the 5 00:00:19,280 --> 00:00:22,560 Speaker 3: move today in Europe. We're joined by Bloomberg's Equities reporter 6 00:00:22,840 --> 00:00:24,959 Speaker 3: Joe Easton. Joe were coming towards the end of the 7 00:00:25,040 --> 00:00:27,120 Speaker 3: second hour of trading here in Europe. We're looking at 8 00:00:27,120 --> 00:00:29,440 Speaker 3: the stock six hundred around the lowest it's bins. It's 9 00:00:29,560 --> 00:00:34,200 Speaker 3: just the days after Donald Trump's inauguration with these tariff announcements, 10 00:00:34,200 --> 00:00:37,199 Speaker 3: can we say that he's opened a Pandora's box, started 11 00:00:37,400 --> 00:00:39,519 Speaker 3: a race lower for some key brands. 12 00:00:39,800 --> 00:00:43,519 Speaker 1: Absolutely, Pandora's box well and truly open. So we are 13 00:00:43,560 --> 00:00:45,760 Speaker 1: going to start by looking at Pandora because that is 14 00:00:45,760 --> 00:00:49,160 Speaker 1: actually the worst performing stock in Europe today. We're down 15 00:00:49,200 --> 00:00:51,919 Speaker 1: twelve and a half percent on the maker for all 16 00:00:51,960 --> 00:00:55,960 Speaker 1: those charm bracelets that we all love. Now. Pandora, according 17 00:00:56,000 --> 00:00:59,440 Speaker 1: to Bloomberg Intelligence, makes ninety five percent of its jewelry 18 00:00:59,680 --> 00:01:03,400 Speaker 1: in Highland. And as you'll know, Trump slapped a thirty 19 00:01:03,560 --> 00:01:07,520 Speaker 1: six percent tariff on Thailand yesterday, so that is accounting 20 00:01:07,520 --> 00:01:10,280 Speaker 1: for the weakness there, but we're also seeing similar declines 21 00:01:10,360 --> 00:01:12,920 Speaker 1: not just in Pandora, but the sports where names hit 22 00:01:12,920 --> 00:01:15,720 Speaker 1: pretty hard as well. Added US down eleven percent today, 23 00:01:15,760 --> 00:01:19,000 Speaker 1: Puma down nine percent. Night was lower, JD Sports falling. 24 00:01:19,319 --> 00:01:22,880 Speaker 1: And this all a similar story production over in some 25 00:01:22,920 --> 00:01:25,920 Speaker 1: of those Asian countries Vietnam and other country that got 26 00:01:25,920 --> 00:01:28,440 Speaker 1: a heavy tariff and post in it. So anything made 27 00:01:28,440 --> 00:01:31,039 Speaker 1: out of China and sold into the US is going 28 00:01:31,080 --> 00:01:33,040 Speaker 1: to have a tariff, and therefore those stocks really hit 29 00:01:33,080 --> 00:01:33,760 Speaker 1: hard today. 30 00:01:33,640 --> 00:01:36,479 Speaker 3: Indeed, and we're seeing that story playouts in the pre 31 00:01:36,560 --> 00:01:38,720 Speaker 3: market session in the US as our Nike shows down 32 00:01:38,760 --> 00:01:41,240 Speaker 3: over eight percent in pre markets at the moment too. 33 00:01:41,440 --> 00:01:44,679 Speaker 1: Yeah, and I mean that story continuing in Logitech shares 34 00:01:44,720 --> 00:01:48,120 Speaker 1: also thinking on this news. Yeah, so Logitech, this is 35 00:01:48,160 --> 00:01:52,360 Speaker 1: the maker of headsets for PC's and that kind of thing, microphones, 36 00:01:52,640 --> 00:01:54,240 Speaker 1: that one that really hit hard as well. Now, this 37 00:01:54,320 --> 00:01:56,360 Speaker 1: is a pretty big company over in Switzerland and we're 38 00:01:56,400 --> 00:01:59,440 Speaker 1: seeing the stock dropping it around eleven percent today. I 39 00:01:59,520 --> 00:02:02,280 Speaker 1: was chatting to some traders about this one and one 40 00:02:02,280 --> 00:02:04,960 Speaker 1: of them flags to me that thirty percent of group 41 00:02:05,080 --> 00:02:07,600 Speaker 1: sales are over in the US. They also have a 42 00:02:07,600 --> 00:02:11,400 Speaker 1: lot of production in Mexico. So therefore the big tariffs 43 00:02:11,400 --> 00:02:14,839 Speaker 1: going on to Mexico is a big driver of that one. 44 00:02:15,400 --> 00:02:18,280 Speaker 1: It's one of the biggest tech companies in Switzerland and 45 00:02:18,400 --> 00:02:22,160 Speaker 1: leading them lower, falling by as I said, around eleven 46 00:02:22,200 --> 00:02:25,200 Speaker 1: percent now and one of the biggest points decliners on 47 00:02:25,240 --> 00:02:26,680 Speaker 1: the stock six hundred this morning. 48 00:02:27,200 --> 00:02:28,960 Speaker 3: Okay, so those are some of the shows that are 49 00:02:29,080 --> 00:02:32,359 Speaker 3: dropping as the result of this. Are there any winners 50 00:02:32,760 --> 00:02:34,000 Speaker 3: on the European markets coming? 51 00:02:34,919 --> 00:02:37,720 Speaker 1: Yeah, well, if you've got to dig, dig deep. But 52 00:02:37,760 --> 00:02:40,040 Speaker 1: I will do my best. And actually I'll take credit 53 00:02:40,120 --> 00:02:42,960 Speaker 1: for a report out from Morgan Stanley, Sarah Simon, I'll 54 00:02:42,960 --> 00:02:45,160 Speaker 1: give her a shout out. The analyst over there. She's 55 00:02:45,160 --> 00:02:48,320 Speaker 1: saying that ABM bev, the maker of Budweiser, is going 56 00:02:48,360 --> 00:02:50,799 Speaker 1: to be a winner because they sell a lot of 57 00:02:50,840 --> 00:02:53,400 Speaker 1: Budweiser of course in the US, and the tariffs coming 58 00:02:53,400 --> 00:02:56,320 Speaker 1: in means that other beers will be more expensive and 59 00:02:56,360 --> 00:03:00,400 Speaker 1: therefore bud light comparatively cheaper for the Americans. That is 60 00:03:00,440 --> 00:03:03,920 Speaker 1: a point of note. ABM BEV was slightly outperforming this morning. 61 00:03:03,960 --> 00:03:06,040 Speaker 1: It was only down around half of one percent when 62 00:03:06,080 --> 00:03:09,280 Speaker 1: I last checked. Also, George Clooney might not be too 63 00:03:09,320 --> 00:03:14,840 Speaker 1: happy because Espresso potentially gonna face more competition, Companies like 64 00:03:14,960 --> 00:03:19,000 Speaker 1: JdE Pete potentially could be a winner because the Espresso 65 00:03:19,080 --> 00:03:23,880 Speaker 1: pods in the US may actually become more expensive as Nessle, 66 00:03:24,080 --> 00:03:26,480 Speaker 1: which makes in Espresso, has to import a lot of 67 00:03:26,480 --> 00:03:30,160 Speaker 1: their products at a higher price, and therefore the cheaper 68 00:03:30,240 --> 00:03:33,320 Speaker 1: version's coming in and actually stealing some market from Espresso. 69 00:03:33,440 --> 00:03:35,400 Speaker 1: That's according to Morgan Stanley anyway. 70 00:03:36,320 --> 00:03:40,480 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 71 00:03:40,560 --> 00:03:43,320 Speaker 2: us throughout the day for the latest roundup of companies 72 00:03:43,360 --> 00:03:46,400 Speaker 2: making news on Wall Street and for the latest market 73 00:03:46,440 --> 00:03:50,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 74 00:03:50,840 --> 00:03:54,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Otto with 75 00:03:54,160 --> 00:03:55,640 Speaker 2: the Bloomberg Business app.