1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:17,919 Speaker 3: Let's take a look at some of the socks on 5 00:00:17,920 --> 00:00:20,079 Speaker 3: the mood today here in Europe. I'm Caroline Hepgin with 6 00:00:20,280 --> 00:00:23,079 Speaker 3: Jack Sitters, and we're joined by Bloomberg reporter Chloie Malay. 7 00:00:23,840 --> 00:00:26,279 Speaker 3: Chloe amid the tensions in the Middle East, the oil 8 00:00:26,320 --> 00:00:29,080 Speaker 3: producer REPSOL moving significantly tell us more. 9 00:00:29,320 --> 00:00:31,920 Speaker 1: Yeah, Well, oil companies across the board in Europe have 10 00:00:32,000 --> 00:00:34,400 Speaker 1: gone originally a big boost from the conflict in the 11 00:00:34,400 --> 00:00:37,280 Speaker 1: Middle East. Of course, the oil prices were moving higher 12 00:00:37,320 --> 00:00:41,360 Speaker 1: because of concerns around that disruption to the global energy supply, 13 00:00:41,440 --> 00:00:44,640 Speaker 1: and then that translated into the share prices of oil 14 00:00:44,720 --> 00:00:48,200 Speaker 1: majors moving higher. But today there's weakness across the board, 15 00:00:48,200 --> 00:00:50,560 Speaker 1: Repsol being one of those, and a lot of that 16 00:00:50,680 --> 00:00:54,400 Speaker 1: has to do with Trump's planter and insure and escort 17 00:00:54,440 --> 00:00:58,120 Speaker 1: oil tankers moving through the Persian Gulf, which he said 18 00:00:58,160 --> 00:01:01,760 Speaker 1: would avoid the energy crime that is brewing, and so 19 00:01:01,880 --> 00:01:05,480 Speaker 1: that has caused some pullback in oil prices and therefore 20 00:01:05,480 --> 00:01:09,320 Speaker 1: pullback in oil companies a share prices this morning, but 21 00:01:09,640 --> 00:01:12,520 Speaker 1: the industry says the plan from Trump is only really 22 00:01:12,520 --> 00:01:15,280 Speaker 1: a partial fix, that it lacks clarity on how it 23 00:01:15,440 --> 00:01:18,040 Speaker 1: actually would be implemented. You know, it's of a far 24 00:01:18,160 --> 00:01:22,399 Speaker 1: larger scale than some previous similar plans and much more 25 00:01:22,400 --> 00:01:25,840 Speaker 1: complex given the amount of producers and consumers involved. So 26 00:01:26,440 --> 00:01:29,360 Speaker 1: that is going to be a little bit difficult to execute, 27 00:01:29,480 --> 00:01:31,280 Speaker 1: the cost of it, the execution of it, all of 28 00:01:31,319 --> 00:01:34,080 Speaker 1: that remains a big question mark. So we'll have to see. 29 00:01:34,120 --> 00:01:36,800 Speaker 1: But in the meantime, the impact on the oil sector 30 00:01:36,800 --> 00:01:39,800 Speaker 1: has been share prices in the red this morning, and 31 00:01:39,880 --> 00:01:42,560 Speaker 1: Clarie shipping company Musk also in the spotlight. 32 00:01:42,840 --> 00:01:44,600 Speaker 3: How are investors reacting there? 33 00:01:44,760 --> 00:01:47,440 Speaker 1: Yeah, this is another one of those companies that benefited 34 00:01:47,480 --> 00:01:50,360 Speaker 1: from the conflict. At first, the reasoning being that tensions 35 00:01:50,360 --> 00:01:52,720 Speaker 1: in the Middle East, the closing of some key shipping 36 00:01:52,800 --> 00:01:55,200 Speaker 1: routes means higher container rates and so that means of 37 00:01:55,240 --> 00:02:00,280 Speaker 1: course better earnings for companies like Musk. But this is 38 00:02:00,600 --> 00:02:02,800 Speaker 1: the same thing is with oil companies this morning, where 39 00:02:02,840 --> 00:02:05,560 Speaker 1: we have this plan from Trump to ensure and escort 40 00:02:05,560 --> 00:02:08,840 Speaker 1: those energy tankers, and so that is easing the concerns 41 00:02:08,840 --> 00:02:11,720 Speaker 1: around disruption to the shipping industry, and so we are 42 00:02:11,760 --> 00:02:15,400 Speaker 1: seeing mask shares seeing some weakness. But you know, the 43 00:02:15,440 --> 00:02:18,240 Speaker 1: company did have did add an emergency rate increase on 44 00:02:18,280 --> 00:02:22,840 Speaker 1: shipments to and from countries like the UAE, Saudi Arabia KUWAD. 45 00:02:23,120 --> 00:02:25,960 Speaker 1: So there is definitely still a boost to raids, but 46 00:02:26,240 --> 00:02:28,239 Speaker 1: the concern is that that will maybe not last. 47 00:02:29,400 --> 00:02:33,120 Speaker 3: Yeah, I think that it's worth adding the caveat if necessary. 48 00:02:33,480 --> 00:02:37,200 Speaker 3: The President said the United States Navy will begin escorting 49 00:02:37,280 --> 00:02:39,840 Speaker 3: tankers through the Strait of Houle Moves as soon as 50 00:02:39,880 --> 00:02:43,120 Speaker 3: possible in his words, but I think that if necessary, 51 00:02:43,680 --> 00:02:45,920 Speaker 3: and the kind of timing of it is also important 52 00:02:45,919 --> 00:02:49,760 Speaker 3: to understand just one stock that we want to talk about, 53 00:02:49,800 --> 00:02:53,840 Speaker 3: which actually isn't kind of related to geopolitics. Added as 54 00:02:54,000 --> 00:02:58,400 Speaker 3: reporting today, what's the market reaction and why that story? 55 00:02:58,760 --> 00:03:00,680 Speaker 1: Yeah, well there's a lot of week is thirty does 56 00:03:00,760 --> 00:03:03,240 Speaker 1: today so it expects higher profits this year, but the 57 00:03:03,280 --> 00:03:07,520 Speaker 1: forecast was still below analyst expectations, so that is the 58 00:03:07,560 --> 00:03:09,880 Speaker 1: reason why we're seeing a lot of weakness this morning. 59 00:03:10,080 --> 00:03:13,080 Speaker 1: It also expects a negative impact of about four hundred 60 00:03:13,120 --> 00:03:17,080 Speaker 1: million euros from US tariffs and also negative impact from 61 00:03:17,320 --> 00:03:21,520 Speaker 1: negative currency fluctuations of rather unfavorable currency fluctuations. They are 62 00:03:21,639 --> 00:03:23,960 Speaker 1: some good news in the statement it expects to get 63 00:03:23,960 --> 00:03:26,519 Speaker 1: in market share through to twenty twenty eight with both 64 00:03:26,560 --> 00:03:28,520 Speaker 1: its retro sneakers, which have been a big part of 65 00:03:28,560 --> 00:03:31,600 Speaker 1: the strategy over the last few years, but also more 66 00:03:31,639 --> 00:03:34,440 Speaker 1: product development in running and in football. We've got, of 67 00:03:34,480 --> 00:03:37,680 Speaker 1: course the football work up coming in the next few months, 68 00:03:37,880 --> 00:03:40,600 Speaker 1: and it also promised bigger payouts, but all of that 69 00:03:40,720 --> 00:03:43,000 Speaker 1: was not enough to offset the impact of that very 70 00:03:43,000 --> 00:03:47,040 Speaker 1: disappointing guidance, addedas does have the tendency to be quite 71 00:03:47,200 --> 00:03:49,960 Speaker 1: conservative with guidance initially, so it could raise the bar 72 00:03:50,120 --> 00:03:52,200 Speaker 1: throughout the year, but in the meantime we're seeing a 73 00:03:52,200 --> 00:03:52,800 Speaker 1: lot of weakness. 74 00:03:52,800 --> 00:03:58,040 Speaker 2: This morning the Stock Movers Report from Bloomberg Radio. Check 75 00:03:58,080 --> 00:04:00,440 Speaker 2: back with us throughout the day for the latest roundup 76 00:04:00,480 --> 00:04:03,400 Speaker 2: of companies making news on Wall Street and for the 77 00:04:03,480 --> 00:04:07,880 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 78 00:04:07,960 --> 00:04:11,360 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 79 00:04:11,440 --> 00:04:13,880 Speaker 2: Android Auto with the Bloomberg Business app.