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Speaker 1: Bloomberg Audio Studios podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Well, let's take a look at some of the stocks

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Speaker 3: on the move today in Europe. I'm Lizzie Burden with

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Speaker 3: Caroline Hepker, and we're joined by Bloomberg's equities reporter Joe

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Speaker 3: easton Joe Markets. As Caroline says, reacting to last night's

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Speaker 3: big news, which came through just after midnight, President Trump's

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Speaker 3: global tariff plan being ruled illegal, where are you seeing

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Speaker 3: the biggest reaction when it comes to companies that produce abroad?

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Speaker 1: Yes, So the interesting sect Joy I was looking at

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Speaker 1: was the consumer sector. So companies like added Ass, Puma,

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Speaker 1: anyone that makes a lot of clothing, A lot of

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Speaker 1: that production is done over in ages, specifically Vietnams Added Ass,

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Speaker 1: big production over. Then you remember back in April when

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Speaker 1: Trump initially announced all liz tariffs, he actually slapped a

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Speaker 1: forty six rate on Vietnam, So those stocks were hit hard.

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Speaker 1: It kind of some of that was slightly watered down

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Speaker 1: later on in the in the following week, so some

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Speaker 1: of those stocks had recovered some what but we are

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Speaker 1: seeing added as today up three and a half percent,

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Speaker 1: Pumid gaining three percent as well. Unfortunately, some of the

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Speaker 1: other markets are clothed, like Denmark et cetera, so we

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Speaker 1: would probably see a reaction in Pandora. They make a

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Speaker 1: lot of jewelry over in Asia as well, so we'll

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Speaker 1: have to wait a couple more days for that reaction.

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Speaker 1: But seeing some movement and added US in particular.

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Speaker 4: Okay, And then in terms of luxury investors reaction that

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Speaker 4: could obviously be good news for them. Fewer tariffs. It's

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Speaker 4: one of the big exports had of Europe, along with

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Speaker 4: cars and lots of other things, but the luxury market

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Speaker 4: is a big seller over in the US.

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Speaker 1: Yes, so luxury again, it's another sector that was really

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Speaker 1: hit by the tariffs over the past well over the

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Speaker 1: past year really since it kind of came clear that

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Speaker 1: Trump would get get into office. So we are seeing

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Speaker 1: a bit of a move higher today in the likes

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Speaker 1: of Berbery that one is up almost three percent, Montclair

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Speaker 1: gaining two point four percent, LVMH gaining around two percent

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Speaker 1: as well. Interesting because we've actually got a story out

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Speaker 1: as well around LVMH warning Chinese customers curtailing travel and

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Speaker 1: therefore that is hitting their sales in terms of Chinese

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Speaker 1: travelers going abroad spending lots of money on fancy luxury goods,

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Speaker 1: and therefore they've actually got a bit of a warning

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Speaker 1: out on that basis. But this news on the tariffs

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Speaker 1: kind of counteracting all of that, and all of that

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Speaker 1: getting ignored, the weaker demand side actually not getting the

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Speaker 1: focus that it would normally do if it wasn't for

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Speaker 1: this tariff falling over in the US from the course,

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Speaker 1: and therefore luxury really green today, all of those stocks

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Speaker 1: moving higher LVMH, as I say, up two percent.

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Speaker 3: But meanwhile Joe Auto traded down ten percent.

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Speaker 2: What's gound that?

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Speaker 1: Yeah, So Auto Trade obviously this was the chunky magazine

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Speaker 1: that used to arrive on our doorsteps back in the day,

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Speaker 1: but now it is of course it's mainly just a website,

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Speaker 1: but really interesting for me because the used car market

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Speaker 1: is doing really well at the moment, so used car

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Speaker 1: is actually absolutely booming. But this means the car dealers

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Speaker 1: actually have less of a need to advertise on Auto Traders.

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Speaker 1: So Auto Trader have put out a profit warning and

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Speaker 1: missed on their coursely sales as well. As you say

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Speaker 1: the stock down twelve percent, I'm going to check very quickly.

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Speaker 1: That is the biggest move since twenty sixteen. Well, it

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Speaker 1: would be if it holds that loss at least five

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Speaker 1: years sort of pandemic Era dropped for that one, So

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Speaker 1: that is the worst performer on the stock six hundred.

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Speaker 1: But I just find it interesting that a really buoyant

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Speaker 1: used car market is negative for Auto Trader. It's kind

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Speaker 1: of an interesting angle on that one.

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Speaker 4: Yeah, that is unusual, isn't it, But it is a

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Speaker 4: big stock mover.

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Speaker 2: This morning the Stock Movers podcast from Bloomberg Radio. Check

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Speaker 2: back with us throughout the day for the latest roundup

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Speaker 2: of companies making news on Wall Street and for the

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Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch

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