1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,079 Speaker 3: Let's have a look at some of the stocks on 5 00:00:18,160 --> 00:00:20,400 Speaker 3: the move today here in Europe. I'm Caroline Hepgat with 6 00:00:20,480 --> 00:00:24,079 Speaker 3: Lizzie Burden and were joined by Boomberg Report Clohomla. Good 7 00:00:24,120 --> 00:00:26,840 Speaker 3: to speak to you all eyes on oil today as 8 00:00:26,840 --> 00:00:30,760 Speaker 3: we get more details about the situation between Venezuela and 9 00:00:30,800 --> 00:00:35,800 Speaker 3: the United States. How is the oil sector responding in Europe, 10 00:00:35,880 --> 00:00:36,600 Speaker 3: especially BP. 11 00:00:37,159 --> 00:00:39,360 Speaker 4: Well, it's really weak across the board this morning for 12 00:00:39,400 --> 00:00:41,600 Speaker 4: those oil companies, so BP is in the red, but 13 00:00:41,720 --> 00:00:45,320 Speaker 4: also any total energy etc. All in the red this morning. 14 00:00:45,400 --> 00:00:45,879 Speaker 1: And as you. 15 00:00:45,840 --> 00:00:48,960 Speaker 4: Said, this is all to do with this situation in Venezuela. 16 00:00:49,040 --> 00:00:52,400 Speaker 4: So Trump has said that Venezuela would relinquish two point 17 00:00:52,479 --> 00:00:55,320 Speaker 4: eight billion dollars worth of oil to the US. So 18 00:00:55,680 --> 00:00:58,680 Speaker 4: that announcement has sent oil price is falling and therefore 19 00:00:58,880 --> 00:01:02,560 Speaker 4: also the shares of majors. It's worth noting that the 20 00:01:02,600 --> 00:01:06,479 Speaker 4: amount of oil that we're talking about is important politically, 21 00:01:06,560 --> 00:01:10,040 Speaker 4: but it's actually fairly small economically. So this actually won't 22 00:01:10,440 --> 00:01:13,560 Speaker 4: meaningfully alter the supply in the market, But of course, 23 00:01:13,600 --> 00:01:15,959 Speaker 4: from the standpoint of what is Strum going to do 24 00:01:16,000 --> 00:01:18,760 Speaker 4: with Venezuela and how much influence does he really want 25 00:01:19,040 --> 00:01:21,080 Speaker 4: over the country, it is a big deal. 26 00:01:21,160 --> 00:01:22,840 Speaker 1: And it's also a big blow. 27 00:01:22,720 --> 00:01:24,959 Speaker 4: To China, given that there is a country that was 28 00:01:25,000 --> 00:01:28,240 Speaker 4: previously the top buyer of Venezuela and oil. 29 00:01:28,520 --> 00:01:29,720 Speaker 1: And in addition to. 30 00:01:29,640 --> 00:01:32,400 Speaker 4: That, we also had ABC reporting that the White House 31 00:01:32,440 --> 00:01:36,520 Speaker 4: is demanding that Venezuela reduce its economic ties to countries 32 00:01:36,560 --> 00:01:40,080 Speaker 4: like China, Russia around in Cuba, and also that it 33 00:01:40,240 --> 00:01:44,320 Speaker 4: partners exclusively with the US on oil production. So there's 34 00:01:44,360 --> 00:01:47,560 Speaker 4: a lot of moving parts in this story. It continues 35 00:01:47,600 --> 00:01:50,960 Speaker 4: to kind of move different sectors, but for now, oil 36 00:01:51,000 --> 00:01:52,480 Speaker 4: companies seem. 37 00:01:52,240 --> 00:01:54,480 Speaker 1: To be part of the losers. 38 00:01:54,600 --> 00:01:56,720 Speaker 3: Now, Chloie, here are two words I like to hear together, 39 00:01:56,920 --> 00:01:58,400 Speaker 3: airlines and upgrades. 40 00:01:58,840 --> 00:02:00,400 Speaker 1: It seems Luftans has two. 41 00:02:00,760 --> 00:02:04,080 Speaker 4: Yeah, absolutely, Liftander's having a pretty good day to day. 42 00:02:04,200 --> 00:02:07,440 Speaker 4: It was double upgraded at Morgan Stanley and analyst said 43 00:02:07,440 --> 00:02:10,680 Speaker 4: that it was among the top five transport stocks to 44 00:02:10,680 --> 00:02:11,919 Speaker 4: own in twenty twenty six. 45 00:02:12,040 --> 00:02:13,280 Speaker 1: So you heard it hit first. 46 00:02:13,520 --> 00:02:16,079 Speaker 4: The reason why the analysts are so optimistic on lift 47 00:02:16,080 --> 00:02:18,920 Speaker 4: Hander is because of the turnaround program. So that's a 48 00:02:18,960 --> 00:02:21,400 Speaker 4: program that it started in twenty twenty four and it's 49 00:02:21,400 --> 00:02:24,600 Speaker 4: going to run through twenty twenty eight, and it includes 50 00:02:24,600 --> 00:02:27,280 Speaker 4: a plan to reduce about four thousand jobs across the 51 00:02:27,320 --> 00:02:30,040 Speaker 4: group and kind of cut costs more generally and also 52 00:02:30,120 --> 00:02:31,960 Speaker 4: going towards a more premium offering, so. 53 00:02:31,919 --> 00:02:33,680 Speaker 1: That upgrade that you were talking about, Lizzie. 54 00:02:34,040 --> 00:02:36,400 Speaker 4: So it's a company that's dealt with a lot of 55 00:02:36,440 --> 00:02:39,000 Speaker 4: disruption from labor groups as well, but there's also now 56 00:02:39,320 --> 00:02:42,359 Speaker 4: new agreements. There's still union pressure full of Tanser that's 57 00:02:42,400 --> 00:02:45,360 Speaker 4: not fully gone away. But what anlysts think is that 58 00:02:45,400 --> 00:02:48,840 Speaker 4: there's definite kind of tailwinds for that company in twenty 59 00:02:48,880 --> 00:02:49,600 Speaker 4: twenty six. 60 00:02:49,440 --> 00:02:51,959 Speaker 1: And the turnaround plan is really paying off there. 61 00:02:53,000 --> 00:02:59,800 Speaker 3: Declining today is a company that makes climate controls for 62 00:03:00,160 --> 00:03:01,680 Speaker 3: data centers Montors. 63 00:03:01,960 --> 00:03:02,160 Speaker 1: Yeah. 64 00:03:02,600 --> 00:03:05,800 Speaker 4: Why so this is part of a broader story on 65 00:03:05,880 --> 00:03:08,960 Speaker 4: all of those companies that sector that provides cooling technologies 66 00:03:09,120 --> 00:03:11,680 Speaker 4: to data centers, and that is because the CEO of 67 00:03:11,800 --> 00:03:14,880 Speaker 4: Nvidia said yesterday that it would be possible to cool 68 00:03:15,440 --> 00:03:19,000 Speaker 4: the rex that are with the next generation chips from 69 00:03:19,120 --> 00:03:22,320 Speaker 4: video using water at a temperature that actually does not 70 00:03:22,440 --> 00:03:26,560 Speaker 4: require a water chiller. So cooling technologies have been a 71 00:03:26,639 --> 00:03:30,480 Speaker 4: really important part of data center infrastructure because servers heat 72 00:03:30,520 --> 00:03:34,400 Speaker 4: up massively. But now it seems that we have a 73 00:03:34,440 --> 00:03:37,760 Speaker 4: high profile CEO really questioning how much need there will 74 00:03:37,760 --> 00:03:40,880 Speaker 4: be for this equipment going forward, and therefore we are 75 00:03:40,920 --> 00:03:44,680 Speaker 4: seeing some weakness there across that space. Interestingly, Schneider Electric, 76 00:03:44,720 --> 00:03:47,960 Speaker 4: which also provides those technology the Chez did not suffer 77 00:03:48,000 --> 00:03:50,840 Speaker 4: on this, perhaps because it provides a wider range of 78 00:03:50,920 --> 00:03:53,920 Speaker 4: things as well. For Montters, this is really important because 79 00:03:53,920 --> 00:03:57,240 Speaker 4: they're really specialized in those cooling technologies, so it will 80 00:03:57,280 --> 00:03:58,400 Speaker 4: be interesting. 81 00:03:57,920 --> 00:04:00,920 Speaker 1: To see if and out and how they on the 82 00:04:00,920 --> 00:04:01,320 Speaker 1: back of. 83 00:04:01,280 --> 00:04:06,880 Speaker 2: This the Stockmover's Report from Bloomberg Radio. Check back with 84 00:04:06,960 --> 00:04:09,520 Speaker 2: us throughout the day for the latest roundup of companies 85 00:04:09,600 --> 00:04:12,680 Speaker 2: making news on Wall Street and for the latest market 86 00:04:12,720 --> 00:04:17,200 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 87 00:04:17,279 --> 00:04:20,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 88 00:04:20,839 --> 00:04:22,320 Speaker 2: the Bloomberg Business app.