1 00:00:02,520 --> 00:00:07,360 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 00:00:17,000 --> 00:00:18,560 Speaker 2: Let's look at some of the stocks on the move 5 00:00:18,600 --> 00:00:19,440 Speaker 2: today here in Europe. 6 00:00:19,440 --> 00:00:22,800 Speaker 1: I'm Caroline Hepcat alongside Jamana Basecci and we're joined Pipelin 7 00:00:22,880 --> 00:00:26,840 Speaker 1: Bank's equity support to Chloemer leg Good morning, Chloe. DHL 8 00:00:26,960 --> 00:00:30,640 Speaker 1: shares have jumped twice that Yeah, so for DHL profit 9 00:00:30,800 --> 00:00:33,440 Speaker 1: be estimates by a good margin. So if we dig 10 00:00:33,520 --> 00:00:35,800 Speaker 1: into the segments a little bit more, we can see 11 00:00:35,840 --> 00:00:38,680 Speaker 1: where exposure to global trade comes in and what kind 12 00:00:38,720 --> 00:00:41,640 Speaker 1: of segments have been impacted and not impacted. So it's 13 00:00:41,680 --> 00:00:44,680 Speaker 1: doing quite well because the post and parcel segment was 14 00:00:44,720 --> 00:00:47,640 Speaker 1: really resilient things to price increases. But then the global 15 00:00:47,680 --> 00:00:50,080 Speaker 1: forwarding division, which is the one that's really exposed to 16 00:00:50,120 --> 00:00:52,640 Speaker 1: tariff's was actually weighed down quite a bit by lower 17 00:00:52,680 --> 00:00:55,920 Speaker 1: trade volumes. But crucially DHL, and that's the reason why 18 00:00:55,880 --> 00:00:58,040 Speaker 1: it's doing well is because it's not as exposed to 19 00:00:58,080 --> 00:01:02,320 Speaker 1: transpecific trade as much as some other companies in that sector. 20 00:01:02,680 --> 00:01:06,040 Speaker 1: And the ongoing kind of cost cutting initiatives that it's 21 00:01:06,080 --> 00:01:09,280 Speaker 1: started really helped and so it maintained its guidance, so 22 00:01:09,319 --> 00:01:12,080 Speaker 1: we can see the shares responding to that. We have 23 00:01:12,200 --> 00:01:14,440 Speaker 1: Musk reporting a little bit later this week, and that's 24 00:01:14,440 --> 00:01:17,200 Speaker 1: still in that shipping industry, so we'll see how it's 25 00:01:17,200 --> 00:01:20,440 Speaker 1: actually dealing with those lower rates. On the flip side, 26 00:01:20,520 --> 00:01:24,039 Speaker 1: Continental has missed analyst estimates some weakness showing up in 27 00:01:24,080 --> 00:01:25,120 Speaker 1: its tire division. 28 00:01:25,800 --> 00:01:27,160 Speaker 2: How's the market responding today? 29 00:01:27,880 --> 00:01:30,120 Speaker 1: So yeah, for Continental, the shares shares are down, but 30 00:01:30,120 --> 00:01:31,920 Speaker 1: it's a bit of kind of two stories, and the 31 00:01:32,200 --> 00:01:35,040 Speaker 1: market seems to be responding, maybe quite harshly to that 32 00:01:35,080 --> 00:01:38,759 Speaker 1: type weakness in tires. But the automotive business, which makes 33 00:01:38,800 --> 00:01:42,039 Speaker 1: sense and break system is actually in pretty good shape 34 00:01:42,440 --> 00:01:44,880 Speaker 1: and that's the one that will be spun off in September. 35 00:01:44,959 --> 00:01:49,200 Speaker 1: So that division cut costs and it raised prices ahead 36 00:01:49,240 --> 00:01:51,960 Speaker 1: of its IPO which is scheduled for September, and is 37 00:01:51,960 --> 00:01:54,200 Speaker 1: therefore doing quite well. But then on the other hand, 38 00:01:54,200 --> 00:01:57,280 Speaker 1: the tire's business, which is the business that Continental is keeping, 39 00:01:58,080 --> 00:02:01,480 Speaker 1: that disappointed. And it's the problem here is that the 40 00:02:01,520 --> 00:02:04,640 Speaker 1: margins are really weighed down by the costs from tariffs 41 00:02:04,640 --> 00:02:08,400 Speaker 1: and then also really strong euro compared to the dollar. 42 00:02:08,880 --> 00:02:12,720 Speaker 1: But Continental is reversing its portfolio expansion and only becoming 43 00:02:12,760 --> 00:02:16,240 Speaker 1: now it tires only business. But that's the division where 44 00:02:16,360 --> 00:02:18,520 Speaker 1: we see a little bit more weakness. We'll see how 45 00:02:18,520 --> 00:02:20,720 Speaker 1: that kind of goes, you know, going forward. 46 00:02:21,040 --> 00:02:22,320 Speaker 2: Okay, so that's Continental. 47 00:02:22,440 --> 00:02:24,720 Speaker 1: Moving on to BP in the oil and gas sector, 48 00:02:24,760 --> 00:02:27,160 Speaker 1: share prices up as much as two point eight percent 49 00:02:27,240 --> 00:02:29,200 Speaker 1: this morning following the earnings. 50 00:02:29,240 --> 00:02:30,000 Speaker 2: Tell us more about that. 51 00:02:30,200 --> 00:02:32,960 Speaker 1: Yeah, a really big earnings beat this morning for BP. 52 00:02:33,160 --> 00:02:36,680 Speaker 1: So that really much better just net income than what 53 00:02:36,760 --> 00:02:39,000 Speaker 1: was expected. But we also have a seven hundred and 54 00:02:39,080 --> 00:02:42,480 Speaker 1: fifty million dollar buyback and also an increased dividends, So 55 00:02:42,520 --> 00:02:45,080 Speaker 1: shares are moving on that. But they're also moving on 56 00:02:45,160 --> 00:02:48,320 Speaker 1: the updates on its turnaround plan. So it said that 57 00:02:48,440 --> 00:02:51,080 Speaker 1: it was cutting nine hundred million dollars of structural cost 58 00:02:51,680 --> 00:02:53,840 Speaker 1: or it had cut that in the first half, and 59 00:02:53,880 --> 00:02:56,520 Speaker 1: it also expects to receive about three billion dollars from 60 00:02:56,560 --> 00:02:59,919 Speaker 1: their investments, and it said it's new chairman will cond 61 00:03:00,240 --> 00:03:03,359 Speaker 1: review of the entire portfolio. So BP is obviously under 62 00:03:03,400 --> 00:03:08,040 Speaker 1: pressure from activist investor Elliott, and that activist investor is 63 00:03:08,040 --> 00:03:11,000 Speaker 1: trying to get BP to ctcasts in to refocus on 64 00:03:11,080 --> 00:03:13,840 Speaker 1: oil and gas, and it seems that BP is responding 65 00:03:14,120 --> 00:03:17,799 Speaker 1: to those demands, and shares have moved higher on that response. 66 00:03:19,560 --> 00:03:23,600 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 67 00:03:23,680 --> 00:03:26,239 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:26,320 --> 00:03:29,440 Speaker 2: making news on Wall Street and for the latest market 69 00:03:29,440 --> 00:03:33,919 Speaker 2: moving headlines. 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