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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today. Then in Europe we joined Babloombag's Equities

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Speaker 3: reported Joe Eason, Good morning. So the latest threat of

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Speaker 3: a global trade war is testing the metal in markets.

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Speaker 3: We're seeing a major sell off in Europe, got mining

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Speaker 3: stocks down. A lot of those sit in the footzy

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Speaker 3: one hundred, Joe. You've also got auto makers, drinks manufacturers,

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Speaker 3: and almost every sector is in the red. But what

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Speaker 3: has caught your eye today?

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Speaker 4: Yeah? So well, I think there was there was a

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Speaker 4: bit of a pun in there with the testing the metal.

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Speaker 3: I think on the yeah, I can't be cheery or

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Speaker 3: fun when I.

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Speaker 4: Look at the written down investors need nerves of steel

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Speaker 4: today because I was trying to try and match that one.

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Speaker 4: But anyway, we are seeing a lot of metal stocks

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Speaker 4: lower today, So the shares of glen Core, Rio, Anglo American,

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Speaker 4: all of those stocks down in London, among the other

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Speaker 4: stocks hit by the tariff concerns. Also seeing autos dropping,

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Speaker 4: so BMW s Delantis, those stocks down around two percent

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Speaker 4: today and the drinks maker. So basically anything that is

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Speaker 4: kind of in the eye of the storm for the

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Speaker 4: tariffs are lower today. Given Trump out overnight saying that

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Speaker 4: the reciprocal tariffs will target all countries. Those were comments

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Speaker 4: that he said as he was boarding Air Force one

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Speaker 4: or on board Air Force one and really spooking the

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Speaker 4: markets today. And bear in mind, all these stocks pretty

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Speaker 4: much down by double digits this year already, so it

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Speaker 4: is kind of just more negativity.

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Speaker 3: Basically, And that's the issue, is that we don't really

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Speaker 3: know which companies are going to be in the of

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Speaker 3: the storm because we don't know much about what tariffs

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Speaker 3: are going to be implemented.

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Speaker 1: Tom that uncertainty is still there, and the rhetoric, of

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Speaker 1: course from Trump and the administration whip sews on a

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Speaker 1: daily basis. Maybe that's partly by design, maybe that's indicative

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Speaker 1: of the tensions within the Trump administration itself leading up

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Speaker 1: to what is expected to be a pretty significant day

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Speaker 1: for these tariffs on April second. In terms of the

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Speaker 1: retailing space, Joe Primark's CEO of some controversy here, Paul

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Speaker 1: Marchant resigning after an investigation into his behavior towards a

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Speaker 1: female employee. That's moving the price of the parent company's stock,

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Speaker 1: Associated British Foods or ABF.

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Speaker 4: Yeah, absolutely, so that one down around four percent today.

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Speaker 4: It's one of the worst performers in London. Was down

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Speaker 4: around five percent at the open. So march And had

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Speaker 4: been the retailers CEO, so the CEO of the prim

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Speaker 4: Ark business, which as you mentioned there, Tom is part

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Speaker 4: of AB food so he's been there sixteen years. He's

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Speaker 4: been the CEO. So this is really a shock for

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Speaker 4: those investors in AB Foods. As you mentioned there, Tom,

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Speaker 4: he's standing down after investigation into behavior related to conduct

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Speaker 4: around a female employee. Marchant has apologized and he didn't

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Speaker 4: behave in the right way, but he has had to

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Speaker 4: stand down and therefore the finance director at AB Foods

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Speaker 4: is coming in to take over on an interim basis.

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Speaker 4: But that uncertainty on the prime market outlook given him

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Speaker 4: standing down there sending the stock down the most in

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Speaker 4: six months. The stock dropping five percent had already been

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Speaker 4: a bit weak given concern around UK retail year today,

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Speaker 4: but a bit of a surprise for AB Foods today.

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Speaker 3: Yeah, the CFO has been brought in as the interim CEO. Lastly,

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Speaker 3: Aston Martin is looking for more cash to feel better results.

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Speaker 4: Yeah, so Aston Martin Now they're raising money in two ways.

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Speaker 4: So they're selling more steak, more shares or bigger steak

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Speaker 4: to Lawrence Stroll, the Canadian billionaire who engineered to take

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Speaker 4: over a few years ago. That's worth about fifty pounds.

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Speaker 4: And then they're also looking to sell their minority interest

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Speaker 4: in the Aston Martin Formula One team, which has actually

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Speaker 4: been quite successful over the past couple of years with

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Speaker 4: Fernando and Lonso the Star the Spanish star driver over there,

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Speaker 4: really boosting the brand for that. They're going to be

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Speaker 4: selling that interest, which is potentially worth another seventy five

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Speaker 4: million pounds some total raising one hundred and twenty five million.

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Speaker 4: And the stock is surging up ten percent to day,

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Speaker 4: but of course does remain down a lot over the

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Speaker 4: past several years given the debt concerns. But today pretty

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Speaker 4: good day for that stock and it's up ten percent.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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