1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,760 --> 00:00:18,959 Speaker 3: Take a look at some of the stocks on the 5 00:00:18,960 --> 00:00:21,959 Speaker 3: move today in Europe, and there is of course a 6 00:00:22,000 --> 00:00:24,360 Speaker 3: feast to choose from. Were joined by Bloomberg's Equities, reported 7 00:00:24,440 --> 00:00:26,960 Speaker 3: Joe Eastern Joe. We start with stock six hundred opening 8 00:00:27,000 --> 00:00:29,080 Speaker 3: and it's the lowest level since generally pairing some of 9 00:00:29,120 --> 00:00:33,320 Speaker 3: those losses. Some mates say that Trump has opened a Pandora's. 10 00:00:32,800 --> 00:00:36,599 Speaker 1: Box, Absolutely a Pandora's box, and that is where we're 11 00:00:36,640 --> 00:00:39,840 Speaker 1: going to start, because the worst performing stock today is 12 00:00:39,960 --> 00:00:43,080 Speaker 1: none other than Pandora. It's down twelve percent. It's down 13 00:00:43,200 --> 00:00:45,839 Speaker 1: more than any other stock across the entire stock six hundred, 14 00:00:46,200 --> 00:00:49,440 Speaker 1: and this is because the company makes most of its 15 00:00:49,479 --> 00:00:52,479 Speaker 1: products over in Thailand and Trump, announcing yesterday are thirty 16 00:00:52,600 --> 00:00:57,080 Speaker 1: six percent tariff on Thailand. So therefore Pandora really going 17 00:00:57,120 --> 00:00:58,840 Speaker 1: to be hit hard by that, and it's a good 18 00:00:58,880 --> 00:01:01,600 Speaker 1: way to link in to the other stocks in that sector. 19 00:01:01,600 --> 00:01:04,960 Speaker 1: We are seeing broad losses in luxuries to Elvier, Mate 20 00:01:05,080 --> 00:01:09,240 Speaker 1: carrying Rischmann, as all of those down, but also probably 21 00:01:09,319 --> 00:01:12,760 Speaker 1: worse than that, it's the sportswear stocks like Puma and Addedusk, 22 00:01:12,760 --> 00:01:15,080 Speaker 1: because not only do they sell lots of goods into 23 00:01:15,120 --> 00:01:17,600 Speaker 1: the US, like Pandora, they make a lot of their 24 00:01:17,640 --> 00:01:21,000 Speaker 1: goods over in Asia in company in countries like Vietnam, 25 00:01:21,040 --> 00:01:23,360 Speaker 1: and they are seeing massive tariffs coming in as well. 26 00:01:23,400 --> 00:01:25,600 Speaker 1: So it's a double hit. Reduced demand in the US 27 00:01:25,640 --> 00:01:28,240 Speaker 1: because of higher prices and also because of the production 28 00:01:28,360 --> 00:01:30,600 Speaker 1: where they are, and it's hitting that sector really hard. 29 00:01:30,680 --> 00:01:34,959 Speaker 4: Yeah, absolutely, thinking about neighboring countries of CHAINLA like Cambodia, Bangladesh, 30 00:01:35,040 --> 00:01:38,000 Speaker 4: Laos and Lasoto. Bloomberg has written up in detail the 31 00:01:38,040 --> 00:01:41,840 Speaker 4: story about how some of the world's poorest countries are 32 00:01:41,840 --> 00:01:46,280 Speaker 4: going to be hit by these tariffs, that they're going 33 00:01:46,319 --> 00:01:49,640 Speaker 4: to put their sort of labor intensive industries at huge 34 00:01:49,800 --> 00:01:53,840 Speaker 4: risk because of the tariffs. So hitting countries that where 35 00:01:53,840 --> 00:01:56,720 Speaker 4: people survive on very very little a day. In terms 36 00:01:56,760 --> 00:02:01,840 Speaker 4: of the other areas though, of kind of global thinking, 37 00:02:01,960 --> 00:02:05,000 Speaker 4: it's a bit unsurprising that shipping is also facing a 38 00:02:05,200 --> 00:02:06,680 Speaker 4: very choppy seas. 39 00:02:06,760 --> 00:02:10,800 Speaker 1: Now, yeah, it's very choppy seas indeed, but see Apmolomers 40 00:02:11,000 --> 00:02:14,120 Speaker 1: and hapag Lloyd both down around eight percent. Now, it's 41 00:02:14,200 --> 00:02:16,359 Speaker 1: kind of as you mentioned there, Caroline, it's really the 42 00:02:16,760 --> 00:02:20,880 Speaker 1: clearest read on this in terms of pretty simple trade. 43 00:02:21,080 --> 00:02:24,920 Speaker 1: If fewer goods are being demanded, fewer goods moving by sea, 44 00:02:25,440 --> 00:02:27,640 Speaker 1: then the demand for moving them and the shipping rates 45 00:02:27,680 --> 00:02:30,520 Speaker 1: come down. So therefore we're seeing significant drops in ap 46 00:02:30,639 --> 00:02:32,840 Speaker 1: MONOVERSK and HAPAG, Lloyd and the other piers as well, 47 00:02:32,880 --> 00:02:35,480 Speaker 1: and kind of it's a really good indicator of how 48 00:02:35,520 --> 00:02:38,560 Speaker 1: these tariffs are worse than expected, because you might have 49 00:02:38,680 --> 00:02:40,760 Speaker 1: argued that a lot of this reduced global trade was 50 00:02:40,760 --> 00:02:43,640 Speaker 1: potentially priced in, but clearly it's not. Those stocks have 51 00:02:43,720 --> 00:02:46,680 Speaker 1: actually done pretty well over the past year given a 52 00:02:46,760 --> 00:02:49,160 Speaker 1: rise in shipping rates because of the disruption we've seen 53 00:02:49,200 --> 00:02:50,800 Speaker 1: the red see that kind of thing, but giving up 54 00:02:51,040 --> 00:02:54,200 Speaker 1: a lot of those gains now. So as I said, apmlomers, HALP, 55 00:02:54,240 --> 00:02:57,239 Speaker 1: egg Light, essentially moving fewer goods by sea, less demand, 56 00:02:57,240 --> 00:02:58,040 Speaker 1: and the stocks are down. 57 00:02:59,400 --> 00:03:03,960 Speaker 2: Stark podcast from Bloomberg Radio. Check back with us throughout 58 00:03:03,960 --> 00:03:06,919 Speaker 2: the day for the latest roundup of companies making news 59 00:03:06,919 --> 00:03:10,160 Speaker 2: on Wall Street and for the latest market moving headlines. 60 00:03:10,320 --> 00:03:14,280 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 61 00:03:14,320 --> 00:03:17,120 Speaker 2: dot com, and on Applecarplay and Android Auto with the 62 00:03:17,160 --> 00:03:18,520 Speaker 2: Bloomberg Business App.