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 00:00:16,640 --> 00:00:18,320 Speaker 1: Let's take a look at some stocks on the move 5 00:00:18,360 --> 00:00:21,000 Speaker 1: today in Europe. I'm Stephen Carroll with Caroline Hepger and 6 00:00:21,079 --> 00:00:24,520 Speaker 1: we're joined by Bloomberg's Markets Today co editor Sam Onstead. Sam, 7 00:00:24,720 --> 00:00:28,120 Speaker 1: good morning. Let's start with the shipping company ap moll 8 00:00:28,160 --> 00:00:31,440 Speaker 1: or Marsk suspending some bookings in the Middle East, but 9 00:00:31,520 --> 00:00:33,320 Speaker 1: their shares are still higher this morning. 10 00:00:34,360 --> 00:00:36,600 Speaker 3: Yeah, and you know, Stephen, their shares is still higher 11 00:00:36,640 --> 00:00:38,760 Speaker 3: for the same reason that happened a few years ago, 12 00:00:38,800 --> 00:00:41,760 Speaker 3: which is that shipping rates are going absolutely through the roof. 13 00:00:43,040 --> 00:00:46,040 Speaker 3: Tanker rates yesterday pretty much doubled over the course of 14 00:00:46,080 --> 00:00:49,640 Speaker 3: a day to two hundred thousand dollars. This is causing, 15 00:00:49,680 --> 00:00:52,360 Speaker 3: you know, a huge disruption to shipping all over the world, 16 00:00:52,440 --> 00:00:54,840 Speaker 3: as we've been talking about quite a bit in terms 17 00:00:54,880 --> 00:00:57,840 Speaker 3: of the straight uform moves, and you know, it's really 18 00:00:58,000 --> 00:01:01,840 Speaker 3: impacting shipping across the world that serves to send rates higher. 19 00:01:01,840 --> 00:01:05,000 Speaker 3: So although there are clearly some operational challenges that will 20 00:01:05,000 --> 00:01:07,880 Speaker 3: happen for MESK, if those chipping rates remain at that 21 00:01:07,959 --> 00:01:10,080 Speaker 3: kind of higher level, then for the bottom line, it's 22 00:01:10,080 --> 00:01:11,360 Speaker 3: obviously very positive. 23 00:01:12,120 --> 00:01:18,640 Speaker 4: Yeah, absolutely, that's one aspect of this war that we 24 00:01:18,680 --> 00:01:21,800 Speaker 4: are continuing to follow. Obviously very risk off though of 25 00:01:21,880 --> 00:01:25,920 Speaker 4: coross many asset classes, with the concerns about how long 26 00:01:26,000 --> 00:01:28,360 Speaker 4: the conflict is going to last. And let's talk about 27 00:01:28,360 --> 00:01:30,200 Speaker 4: buyers ORF plunging today. 28 00:01:30,200 --> 00:01:33,080 Speaker 3: Why yeah, I mean so in this market, this is 29 00:01:33,120 --> 00:01:36,360 Speaker 3: sort of an individual story, you know, not necessarily totally 30 00:01:36,400 --> 00:01:38,800 Speaker 3: link to everything else. Probably the move for buyers, if 31 00:01:38,800 --> 00:01:41,720 Speaker 3: you're down fourteen percent in early trading this morning, a 32 00:01:41,720 --> 00:01:44,400 Speaker 3: lot of that has been driven by a guidance cut 33 00:01:44,440 --> 00:01:47,800 Speaker 3: from them, weak sales for Nivea, the skincare brand that 34 00:01:47,800 --> 00:01:50,120 Speaker 3: they own. They announced to share buy back. That didn't 35 00:01:50,120 --> 00:01:54,240 Speaker 3: do much to say those concerns. But probably the move, 36 00:01:54,320 --> 00:01:56,760 Speaker 3: you know, may well have been negative anyway. But you're 37 00:01:56,800 --> 00:01:58,440 Speaker 3: in a market at the moment where there is a 38 00:01:58,480 --> 00:02:01,640 Speaker 3: fairly indiscriminate kind of sell off going on, really with 39 00:02:01,680 --> 00:02:05,120 Speaker 3: the exception of just oil and defense companies, and so 40 00:02:05,160 --> 00:02:07,480 Speaker 3: there's probably a slightly more exaggerated move that you would 41 00:02:07,480 --> 00:02:09,639 Speaker 3: normally get there. But even so, this is a company 42 00:02:09,639 --> 00:02:13,880 Speaker 3: that actually has news out and traders are trading specifically 43 00:02:13,880 --> 00:02:15,640 Speaker 3: on that as well, and. 44 00:02:15,560 --> 00:02:19,040 Speaker 1: Of course another difficult day for travel and leisure shares again. 45 00:02:19,160 --> 00:02:21,280 Speaker 1: They're among the worst performers in Europe this morning. 46 00:02:21,880 --> 00:02:24,400 Speaker 3: Yeah, and you know, as Caroline is just kind of mentioning, 47 00:02:24,600 --> 00:02:26,920 Speaker 3: you know, for most sectors that we're going to talk 48 00:02:26,919 --> 00:02:29,200 Speaker 3: about now, the real question, and you know, really across 49 00:02:29,240 --> 00:02:31,760 Speaker 3: all global markets, the question is how long is this 50 00:02:31,800 --> 00:02:35,200 Speaker 3: sustained for how much disruption? Does this this ultimately ultimately 51 00:02:35,200 --> 00:02:38,639 Speaker 3: bring oil prices going up again, will raise quite a 52 00:02:38,680 --> 00:02:41,400 Speaker 3: lot of fears for airlines that their fuel costs are 53 00:02:41,400 --> 00:02:43,880 Speaker 3: going to go higher. And then that obviously combines with 54 00:02:43,960 --> 00:02:48,400 Speaker 3: the huge operational disruption that they're facing from the Middle East, 55 00:02:48,440 --> 00:02:51,000 Speaker 3: and it's particularly in around these kind of super connector 56 00:02:51,080 --> 00:02:54,359 Speaker 3: hubs in the UAE. So for airlines at the moment, 57 00:02:54,440 --> 00:02:57,320 Speaker 3: there's not a great deal of positivity to find almost anywhere, 58 00:02:57,560 --> 00:03:00,000 Speaker 3: and I think you're likely to see them pretty heavy 59 00:03:00,400 --> 00:03:04,480 Speaker 3: under under fire, excuse me, under under pressure over the 60 00:03:04,520 --> 00:03:07,320 Speaker 3: course of the next few days because there's really no 61 00:03:07,320 --> 00:03:10,440 Speaker 3: no great reason for that investors to be buying them at. 62 00:03:11,040 --> 00:03:15,080 Speaker 2: The stock movers report from Bloomberg Radio check back with 63 00:03:15,160 --> 00:03:17,720 Speaker 2: US throughout the day. For the latest roundup of companies 64 00:03:17,800 --> 00:03:20,880 Speaker 2: making news on Wall Street, and for the latest market 65 00:03:20,919 --> 00:03:25,400 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 66 00:03:25,480 --> 00:03:29,000 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 67 00:03:29,040 --> 00:03:30,520 Speaker 2: the Bloomberg Business app.