WEBVTT - BMW Tariff Pain, Nokia Soars, Thyssenkrupp Up

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a.

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<v Speaker 3>Look at some of the stocks on the move today

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<v Speaker 3>in Europe. I'm Ja's Walcock here with Stephen Carroll and

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<v Speaker 3>we're joined by Bloomberg reporter Louise Moon. So, Louise, European

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<v Speaker 3>carmaker shares they're falling this morning after Trump raised tariffs

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<v Speaker 3>on EU cars and trucks of twenty five percent.

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<v Speaker 1>What are you watching?

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<v Speaker 4>Indeed, Yeah, so we're watching the likes of BMW, Volkswagen, Mercedes, Benz, Stilantis.

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<v Speaker 4>But really across the board, they're all falling into the

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<v Speaker 4>red after this.

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<v Speaker 1>As you say, Trump race Harris is twenty five percent.

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<v Speaker 4>He said that won't apply to cars that are built

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<v Speaker 4>in US factories.

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<v Speaker 1>So those four companies that I mentioned, they do all.

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<v Speaker 4>Have a have a presence in the US, but of

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<v Speaker 4>course it'll make they don't make all their models there

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<v Speaker 4>and so as I say, weighing on their star price

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<v Speaker 4>this morning. Obviously this is all part of Trump trying

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<v Speaker 4>to force carmakers to move more production at a faster

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<v Speaker 4>pace to America, and it's fresh volatility for a lot

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<v Speaker 4>of these stocks. There's been you know, whipsaw trade policies

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<v Speaker 4>around this from Trump. So as I say, they do

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<v Speaker 4>all have a significant footprint in the US, but only

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<v Speaker 4>for certain models and already struggling to make profits because

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<v Speaker 4>of all these headwinds are facing, including tariff. So BMW

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<v Speaker 4>down about two percent, Silantis slightly down, Mercedes and yeah,

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<v Speaker 4>Mercedes over about one percent, So slight falls, not drastic,

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<v Speaker 4>but we are seeing falls there across Europe for carmakers.

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<v Speaker 5>And now to a brand that I suppose was really

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<v Speaker 5>the top of everyone's mind in the arts and the

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<v Speaker 5>twenty tens, Nokia or Nokia depending on your pronunciation, guys,

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<v Speaker 5>lots has happened to the company since then, but it

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<v Speaker 5>shares hitting their highest level since twenty ten. What's going on?

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<v Speaker 4>Yeah, they're up over eight percent today, as you say,

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<v Speaker 4>really rallying. They're seemingly caught up in this wider tech

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<v Speaker 4>rally that we're seeing in Europe, and also it's been

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<v Speaker 4>playing out in Asia as well. So Asia totally rallying

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<v Speaker 4>on the back of this tech and AI trade. It's

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<v Speaker 4>partly after a lot of these megacap earnings in America

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<v Speaker 4>last Friday, adding more fuel to this wider tech and

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<v Speaker 4>AI theme. Analysts are saying that investors will continue to

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<v Speaker 4>chase down what they perceive to be the winners within

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<v Speaker 4>that space, So returning that again to the forefront, and

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<v Speaker 4>then this is now playing out in Europe. Obviously European

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<v Speaker 4>markets closed on Friday, so Nokia seems to be caught

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<v Speaker 4>up in that wider rally. Also looking at the likes

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<v Speaker 4>of asml B semi Infinian also rising as well this morning,

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<v Speaker 4>not quite as much as Nokia, but they are also

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<v Speaker 4>in the green. Infinian's also got their earnings latest week,

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<v Speaker 4>so we'll be keeping an eye on that to see,

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<v Speaker 4>you know, how they're doing and if this rally actually

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<v Speaker 4>plays through in their numbers. But Tech more widely, Yeah,

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<v Speaker 4>rallying across Europe and Nokia right at the top of that.

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<v Speaker 3>And do you have an industrial engineering from tist and Krupp.

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<v Speaker 3>It's on mouth this morning tell us why.

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<v Speaker 4>So news over the weekend that so they have been

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<v Speaker 4>in talks with a company called Jenelle Steel, an Indian

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<v Speaker 4>company who was going to buy a stake into some

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<v Speaker 4>crap steel unit.

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<v Speaker 1>So they first offered in September.

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<v Speaker 4>Since then, there's been a bit of doubt whether or

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<v Speaker 4>not that would actually happen and play out, and now

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<v Speaker 4>those talks have been paused. Tust and CRAB are saying that,

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<v Speaker 4>you know, the original assumptions and prerequisites around a potential

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<v Speaker 4>deal have changed. They say they're making progress on their unit,

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<v Speaker 4>on realigning their unit. There's a more favorable regulatory environment,

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<v Speaker 4>so a bit more stabilization there and a bit more growth.

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<v Speaker 4>So those talks have been paused and shares actually taking

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<v Speaker 4>higher on the back of this, so potentially well investors

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<v Speaker 4>are kind of welcoming that positive sentiment from Tust and

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<v Speaker 4>CRUP despite that m and a deal at least for

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<v Speaker 4>the moment not happening.

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<v Speaker 2>The Stockmover's report from Bloomberg Radio. Check back with us

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