WEBVTT - Repsol Jumps, Maersk Down, Adidas Falls 

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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 3>Let's take a look at some of the socks on

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<v Speaker 3>the mood today here in Europe. I'm Caroline Hepgin with

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<v Speaker 3>Jack Sitters, and we're joined by Bloomberg reporter Chloie Malay.

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<v Speaker 3>Chloe amid the tensions in the Middle East, the oil

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<v Speaker 3>producer REPSOL moving significantly tell us more.

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<v Speaker 1>Yeah, Well, oil companies across the board in Europe have

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<v Speaker 1>gone originally a big boost from the conflict in the

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<v Speaker 1>Middle East. Of course, the oil prices were moving higher

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<v Speaker 1>because of concerns around that disruption to the global energy supply,

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<v Speaker 1>and then that translated into the share prices of oil

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<v Speaker 1>majors moving higher. But today there's weakness across the board,

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<v Speaker 1>Repsol being one of those, and a lot of that

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<v Speaker 1>has to do with Trump's planter and insure and escort

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<v Speaker 1>oil tankers moving through the Persian Gulf, which he said

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<v Speaker 1>would avoid the energy crime that is brewing, and so

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<v Speaker 1>that has caused some pullback in oil prices and therefore

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<v Speaker 1>pullback in oil companies a share prices this morning, but

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<v Speaker 1>the industry says the plan from Trump is only really

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<v Speaker 1>a partial fix, that it lacks clarity on how it

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<v Speaker 1>actually would be implemented. You know, it's of a far

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<v Speaker 1>larger scale than some previous similar plans and much more

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<v Speaker 1>complex given the amount of producers and consumers involved. So

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<v Speaker 1>that is going to be a little bit difficult to execute,

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<v Speaker 1>the cost of it, the execution of it, all of

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<v Speaker 1>that remains a big question mark. So we'll have to see.

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<v Speaker 1>But in the meantime, the impact on the oil sector

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<v Speaker 1>has been share prices in the red this morning, and

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<v Speaker 1>Clarie shipping company Musk also in the spotlight.

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<v Speaker 3>How are investors reacting there?

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<v Speaker 1>Yeah, this is another one of those companies that benefited

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<v Speaker 1>from the conflict. At first, the reasoning being that tensions

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<v Speaker 1>in the Middle East, the closing of some key shipping

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<v Speaker 1>routes means higher container rates and so that means of

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<v Speaker 1>course better earnings for companies like Musk. But this is

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<v Speaker 1>the same thing is with oil companies this morning, where

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<v Speaker 1>we have this plan from Trump to ensure and escort

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<v Speaker 1>those energy tankers, and so that is easing the concerns

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<v Speaker 1>around disruption to the shipping industry, and so we are

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<v Speaker 1>seeing mask shares seeing some weakness. But you know, the

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<v Speaker 1>company did have did add an emergency rate increase on

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<v Speaker 1>shipments to and from countries like the UAE, Saudi Arabia KUWAD.

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<v Speaker 1>So there is definitely still a boost to raids, but

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<v Speaker 1>the concern is that that will maybe not last.

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<v Speaker 3>Yeah, I think that it's worth adding the caveat if necessary.

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<v Speaker 3>The President said the United States Navy will begin escorting

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<v Speaker 3>tankers through the Strait of Houle Moves as soon as

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<v Speaker 3>possible in his words, but I think that if necessary,

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<v Speaker 3>and the kind of timing of it is also important

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<v Speaker 3>to understand just one stock that we want to talk about,

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<v Speaker 3>which actually isn't kind of related to geopolitics. Added as

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<v Speaker 3>reporting today, what's the market reaction and why that story?

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<v Speaker 1>Yeah, well there's a lot of week is thirty does

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<v Speaker 1>today so it expects higher profits this year, but the

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<v Speaker 1>forecast was still below analyst expectations, so that is the

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<v Speaker 1>reason why we're seeing a lot of weakness this morning.

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<v Speaker 1>It also expects a negative impact of about four hundred

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<v Speaker 1>million euros from US tariffs and also negative impact from

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<v Speaker 1>negative currency fluctuations of rather unfavorable currency fluctuations. They are

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<v Speaker 1>some good news in the statement it expects to get

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<v Speaker 1>in market share through to twenty twenty eight with both

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<v Speaker 1>its retro sneakers, which have been a big part of

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<v Speaker 1>the strategy over the last few years, but also more

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<v Speaker 1>product development in running and in football. We've got, of

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<v Speaker 1>course the football work up coming in the next few months,

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<v Speaker 1>and it also promised bigger payouts, but all of that

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<v Speaker 1>was not enough to offset the impact of that very

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<v Speaker 1>disappointing guidance, addedas does have the tendency to be quite

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<v Speaker 1>conservative with guidance initially, so it could raise the bar

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<v Speaker 1>throughout the year, but in the meantime we're seeing a

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<v Speaker 1>lot of weakness.

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<v Speaker 2>This morning the Stock Movers Report from Bloomberg Radio. Check

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<v Speaker 2>back with us throughout the day for the latest roundup

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<v Speaker 2>of companies making news on Wall Street and for the

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<v Speaker 2>latest market moving headlines. Listen to Bloomberg Radio Live, catch

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