WEBVTT - Equinor Falls, Ryanair Gains, Nokia Rises 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today in Europe.

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<v Speaker 3>I'm Rachel Evans with Caroline Hepka, and we're joined by Bloombergs Tea.

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<v Speaker 1>We're at a biota. Thanks for joining us.

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<v Speaker 3>Let's start with some moves for Equinor, coming hot on

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<v Speaker 3>the heels of a new deal. Yes, well, there was

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<v Speaker 3>discussion of a new deal for Equinor earlier this week.

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<v Speaker 3>But also it is one of the biggest losers on

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<v Speaker 3>the stock six hundred this morning, and that's actually tied

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<v Speaker 3>to a fall in oil prices, and it's these sort

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<v Speaker 3>of renewed hopes for an Iran deal. So it's down

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<v Speaker 3>as much as eight point four percent this morning. That's

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<v Speaker 3>as President Trump said recently that a deal to end

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<v Speaker 3>the war in Iran could be signed as soon as

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<v Speaker 3>this weekend. Should add the caveat that, Iran semi official

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<v Speaker 3>news agency said that nothing had been approved, but we

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<v Speaker 3>have heard in the last of fifteen minutes or so

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<v Speaker 3>sort of response from Iran, saying that negotiations could last

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<v Speaker 3>sixty days about nuclear issues and that this deal could

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<v Speaker 3>include oil sanctions being lifted on Iran. Nonetheless, markets do

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<v Speaker 3>seem to be absorbing the president's words on this. We've

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<v Speaker 3>seen other oil and gas related firms also falling this

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<v Speaker 3>morning in Europe, including BP for example. It does come

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<v Speaker 3>after a volatile week in terms of the Middle East.

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<v Speaker 3>We heard Trump say earlier this week that Iran would

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<v Speaker 3>pay for delaying negotiations, So perhaps further moves to come

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<v Speaker 3>for this stock title oil prices.

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<v Speaker 1>Yeah.

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<v Speaker 4>Interesting though that this draft murmorandum seems to have about

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<v Speaker 4>fourteen different provisions fourteen bullet points on what would be

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<v Speaker 4>in it.

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<v Speaker 1>So let's see.

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<v Speaker 4>Having said that, Ryanair is also reacting to the optimism

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<v Speaker 4>maybe of a Middle East resolution.

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<v Speaker 3>Yes, this is the other side of the oil trade,

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<v Speaker 3>so fores like Ryanair, they seem to be benefiting. Ryanair

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<v Speaker 3>is up as much as seven and a half percent

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<v Speaker 3>this morning. Oilers, of course closely tied to the price

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<v Speaker 3>of their jet fuel. That's something that has really played

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<v Speaker 3>the travel industry since the start of this conflict.

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<v Speaker 1>Oil extending declines.

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<v Speaker 3>Now on the latest lines about the details of that

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<v Speaker 3>MoU earlier reached its lowest points since March the tenth,

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<v Speaker 3>so there is some optimism in the sector.

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<v Speaker 1>It's across the industry.

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<v Speaker 3>We can see the likes of Tuey and lufthands are

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<v Speaker 3>also gaining today on that news.

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<v Speaker 1>And that we're also seeing gains for Nokia what's been

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<v Speaker 1>going on there, So a bit of a change of

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<v Speaker 1>speed here.

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<v Speaker 3>Nokia is also gaining and that's after a note from

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<v Speaker 3>JP Morgan. It says that the firm can beat its

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<v Speaker 3>own guidance. So this is relating to Nokia's EBIT goal

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<v Speaker 3>which they set at their capital market state in November.

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<v Speaker 3>JP Morgan doesn't just think they can beat this goal

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<v Speaker 3>by a little bit, but they're saying that they can

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<v Speaker 3>beat it by as much as fifty percent, which is

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<v Speaker 3>a significant margin. So their shares surging almost seven percent

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<v Speaker 3>this morning on that news, and actually year to date,

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<v Speaker 3>the stock is up one hundred and twenty two percent,

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<v Speaker 3>so it's a strong performer for JP Morgan, saying that

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<v Speaker 3>consensus estimates are still not factoring in new revenue that

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<v Speaker 3>could come from AI and its cloud businesses, and in

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<v Speaker 3>particular the operational leverage associated with higher revenue, so perhaps

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<v Speaker 3>further to go for Nokia in the coming weeks and months.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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