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 00:00:16,560 --> 00:00:18,320 Speaker 3: Let's have a look at the stocks on the move 5 00:00:18,360 --> 00:00:21,080 Speaker 3: today here in Europe. I'm Caroline Hepgar with Tom McKenzie 6 00:00:21,239 --> 00:00:23,880 Speaker 3: and we're joined by Bloomberg reporter at Louis Moon Louise. 7 00:00:23,920 --> 00:00:28,200 Speaker 3: Good morning, Rai matan other European defense stocks are rising 8 00:00:28,440 --> 00:00:33,160 Speaker 3: because of the progress in Germany on building the bunderswere 9 00:00:33,440 --> 00:00:36,720 Speaker 3: on spending on the Bundeswear, which of course is the 10 00:00:36,840 --> 00:00:38,520 Speaker 3: German armed forces. 11 00:00:38,720 --> 00:00:41,440 Speaker 1: Indeed, yeah, so Germany is set to approve twenty nine 12 00:00:41,680 --> 00:00:44,199 Speaker 1: procurement contracts for the military that's next week, and that 13 00:00:44,200 --> 00:00:47,040 Speaker 1: will be for a record fifty two billion euro, so 14 00:00:47,240 --> 00:00:49,920 Speaker 1: huge spending from Germany. This is, you know, part of 15 00:00:49,960 --> 00:00:53,200 Speaker 1: their push to transform the military. You had Chancellor Mertz 16 00:00:53,240 --> 00:00:56,680 Speaker 1: last night pledging to make it the strongest conventional army 17 00:00:56,760 --> 00:01:00,600 Speaker 1: in Germany. Obviously, this comes on top of the rise 18 00:01:00,640 --> 00:01:03,600 Speaker 1: in defense spending that we've been seeing since Russia's invasion 19 00:01:03,640 --> 00:01:06,920 Speaker 1: of Ukraine. So as you say, that's benefiting Rai Matau 20 00:01:07,480 --> 00:01:09,959 Speaker 1: in Germany. B Systems in the UK, SARB and stock 21 00:01:09,959 --> 00:01:12,520 Speaker 1: coming across the board really in Europe all ticking up 22 00:01:12,920 --> 00:01:17,120 Speaker 1: into the green on the expectation of benefiting from that 23 00:01:17,120 --> 00:01:20,280 Speaker 1: that the rise in spending, but particularly that that massive 24 00:01:20,880 --> 00:01:23,199 Speaker 1: German record contract in. 25 00:01:23,120 --> 00:01:25,920 Speaker 4: A different sector, but gains coming through again, which is 26 00:01:25,920 --> 00:01:29,000 Speaker 4: in the wind, the wind space, that wind energy space, 27 00:01:29,040 --> 00:01:31,640 Speaker 4: all stead on the rise. And that's after a US 28 00:01:31,720 --> 00:01:34,679 Speaker 4: federal judge ruled that President Trump's executive world of banning 29 00:01:35,040 --> 00:01:37,360 Speaker 4: new wind projects is illegal. 30 00:01:37,600 --> 00:01:39,679 Speaker 1: Yes, this has really been seeing as a win for 31 00:01:39,720 --> 00:01:44,680 Speaker 1: renewable energy. So Trump in January he issued a directive 32 00:01:44,680 --> 00:01:49,080 Speaker 1: effectively halting approvals of wind farms and this so this 33 00:01:49,120 --> 00:01:51,080 Speaker 1: has been kind of ongoing throughout this whole year, and 34 00:01:51,520 --> 00:01:54,080 Speaker 1: all Staid in particular in Europe has has really had 35 00:01:54,160 --> 00:01:57,200 Speaker 1: quite a tumultuous ride of their shares this year on 36 00:01:57,240 --> 00:02:00,240 Speaker 1: the back of this news. So he halted approve of 37 00:02:00,280 --> 00:02:04,520 Speaker 1: wind farms, effectively freezing dozens of projects all around the UK. 38 00:02:04,600 --> 00:02:08,920 Speaker 1: So clean energy project projects around the US. Sorry, this 39 00:02:09,080 --> 00:02:12,240 Speaker 1: was then challenged by about a dozen US states as 40 00:02:12,240 --> 00:02:14,960 Speaker 1: well as a clean energy group, and as you say, 41 00:02:15,040 --> 00:02:18,280 Speaker 1: overnight the federal judge ruled that that ban was illegal. 42 00:02:18,400 --> 00:02:21,359 Speaker 1: So you would think obviously that then you know, all 43 00:02:21,440 --> 00:02:27,320 Speaker 1: said Vestas and both in Copenhagen also others all around Europe, 44 00:02:27,320 --> 00:02:30,000 Speaker 1: that that will benefit them and they could go ahead 45 00:02:30,040 --> 00:02:32,720 Speaker 1: with these projects in the US. So both ticking up 46 00:02:33,000 --> 00:02:34,560 Speaker 1: into the green as well this morning. 47 00:02:35,080 --> 00:02:40,120 Speaker 3: Okay, interesting on wind farms. As for Hello Fresh, another 48 00:02:40,200 --> 00:02:44,600 Speaker 3: German name, the subscription meal company, they're dropping today. 49 00:02:44,680 --> 00:02:47,920 Speaker 1: Why so, there was a note out from Morgan Stanley, 50 00:02:47,960 --> 00:02:51,760 Speaker 1: and Morgan Stanley have downgraded Hello Fresh. So they're saying 51 00:02:51,800 --> 00:02:54,800 Speaker 1: that there's intensifying competition in the US in the ready 52 00:02:54,840 --> 00:02:57,640 Speaker 1: to eat meal space, and so therefore there's a lot 53 00:02:57,680 --> 00:03:02,400 Speaker 1: more uncertainty about Hellofresh's long trajectory, so potential deterioration in 54 00:03:02,440 --> 00:03:05,960 Speaker 1: the fourth quarter in particular, but then also ongoing in 55 00:03:06,040 --> 00:03:07,840 Speaker 1: the long term, so that they're saying that you know this, 56 00:03:08,240 --> 00:03:11,040 Speaker 1: this risk reward is skew to the downside on that 57 00:03:11,120 --> 00:03:15,440 Speaker 1: lack of near term catalyst to boost Hello Fresh, and 58 00:03:15,720 --> 00:03:17,440 Speaker 1: also saying you know that they need to invest a 59 00:03:17,480 --> 00:03:20,680 Speaker 1: lot more next year to stabilize their performance. So a 60 00:03:20,760 --> 00:03:23,520 Speaker 1: downgrade from Morgan Stanley. If you look at now of 61 00:03:23,639 --> 00:03:27,240 Speaker 1: the analyst ratings, I think we was only only the 62 00:03:27,280 --> 00:03:32,120 Speaker 1: only analysts for a cell and there's about ten buys 63 00:03:32,120 --> 00:03:34,120 Speaker 1: and eight hold so a bit of an outlier in 64 00:03:34,160 --> 00:03:36,120 Speaker 1: that space, but the shares really reacting the back of that. 65 00:03:36,240 --> 00:03:38,160 Speaker 1: They dropped really heavily open this morning. 66 00:03:39,200 --> 00:03:43,240 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 67 00:03:43,320 --> 00:03:45,880 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:45,960 --> 00:03:49,040 Speaker 2: making news on Wall Street and for the latest market 69 00:03:49,080 --> 00:03:53,520 Speaker 2: moving headlines. 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