WEBVTT - BP Falls, Atlas Copco Rises, InPost Slips

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

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

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

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<v Speaker 2>and that.

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<v Speaker 3>It's time to check in on some of the stocks

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<v Speaker 3>on the move today in Europe. I'm Stephen Carroll and

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<v Speaker 3>I'm joined by Bloomberg's Coe Melle for more on this. Koe,

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<v Speaker 3>Good morning morning. So all eyes on oil price as

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<v Speaker 3>we're looking at that situation in Venezuela. How are we

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<v Speaker 3>seeing the response in oil companies.

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<v Speaker 1>Yeah, well it's it's a little bit weak. So BP, Shell,

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<v Speaker 1>toteal Any, all of them were down this morning on

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<v Speaker 1>this latest development. So Trump said that Venezuela would send

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<v Speaker 1>fifty million barrels of oil to the US, which is

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<v Speaker 1>worth about two point eight billion dollars, and the announcement

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<v Speaker 1>sent oil prices falling, and of course when oil price

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<v Speaker 1>is a week, shares in oil companies do tend to follow.

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<v Speaker 1>It's worth saying that the amount of oil that we're

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<v Speaker 1>talking about here is fairly insignificant economically and it will

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<v Speaker 1>not necessarily meaningfully change the supply in the market. But politically,

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<v Speaker 1>of course, it is a big move and it has

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<v Speaker 1>consequences even beyond Venezuela as well. In particulars it is

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<v Speaker 1>a big blow to China, which is a top buyer

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<v Speaker 1>of Venezuela and oil and also really close partner to

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<v Speaker 1>that country, and it seems that Trump is really trying

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<v Speaker 1>to kind of tighten that grip on Venezuela, and the

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<v Speaker 1>administration reportedly demanded that the country reduced its economic ties

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<v Speaker 1>to China, Russia, Iran in Cuba. And so this is

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<v Speaker 1>of course a situation that's still in flags theale a

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<v Speaker 1>few details at the moment on the actual process of

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<v Speaker 1>sending those barrels to the US. So this is definitely

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<v Speaker 1>something to keep an eye on and to keep an

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<v Speaker 1>eye on what it means as well for those oil companies.

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<v Speaker 3>Yeah, certainly when we're monitoring throughout the day as well,

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<v Speaker 3>particularly as we look at pre market in the US too,

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<v Speaker 3>with a big jump yesterday and Chevron shares turning to

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<v Speaker 3>Sweden next, the industrial company Atlas Copco gaining today. Why.

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<v Speaker 1>Yeah, So, adlas Copco is a company that makes things

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<v Speaker 1>like vacuum solutions and compressors. So on the face of it,

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<v Speaker 1>that doesn't sound super interesting, but it is a major

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<v Speaker 1>Swedish industrial company, and if it is doing well, it

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<v Speaker 1>tells us a lot about the recovery in the industrial

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<v Speaker 1>sector and where momentum is actually kind of picking up.

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<v Speaker 1>And so Atlas COPCOA was just upgraded at Bernstein with

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<v Speaker 1>analysts as saying that earnings at bottomed and that a

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<v Speaker 1>rebound was on the way. And this is something that

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<v Speaker 1>other analysts have flagged as well, previously saying that orders

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<v Speaker 1>will likely start kind of flowing through again because of

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<v Speaker 1>manufacturing and construction activity starting to recover. Companies are once

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<v Speaker 1>again starting to invest in equipment because there is now

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<v Speaker 1>greater clarity on tariffs, there's more solid demand. You know,

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<v Speaker 1>just yesterday we had chip makers moving higher because of

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<v Speaker 1>an expected recovery in industrial and markets. So this is

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<v Speaker 1>all really part of the same story of companies kind

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<v Speaker 1>of growing more confident, wanting to spend their money, and

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<v Speaker 1>sometimes part of that is that they do need a

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<v Speaker 1>big industrial compressor, and Atlas Copco will be there to

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<v Speaker 1>provide that.

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<v Speaker 3>Poor Atlas Copco saying they're not very interesting lots of life,

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<v Speaker 3>They're interested in these compression machines as well.

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<v Speaker 1>I am interested.

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<v Speaker 3>We all learned something. I'm just saying, let's go to

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<v Speaker 3>the Netherlands next to the parcel locker operator in Post

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<v Speaker 3>dealing with the delivery of bad news. Shares down six

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<v Speaker 3>and a half percent.

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<v Speaker 1>Yeah, yesterday we saw massive gains for that company because

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<v Speaker 1>it announced a big takeover proposal, and sky News then

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<v Speaker 1>reported that the bidder was the private equity firm at International,

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<v Speaker 1>which already owns about six point five percent of Imposts

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<v Speaker 1>but has been selling a lot of that stick in

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<v Speaker 1>recent years. And this followed a period for Imposts of

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<v Speaker 1>being one of the most shorted stocks in Europe. But

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<v Speaker 1>now today we are, after this massive rally that we

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<v Speaker 1>saw yesterday, we are seeing a big drop in the

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<v Speaker 1>shares and analysts are saying that this was triggered by

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<v Speaker 1>profit taking after the rally yesterday, and that profit taking

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<v Speaker 1>might also be because it's still really unclear, really uncertain

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<v Speaker 1>whether a takeover bid would actually materialize, and so investors

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<v Speaker 1>are maybe not quite keen to stick around until they

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<v Speaker 1>figured it out. But there'll be more to follow there

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<v Speaker 1>probably more announcements coming from in Posts at some point

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<v Speaker 1>day led down the line.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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