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 00:00:17,840 --> 00:00:19,439 Speaker 3: Let's take a look now at some stocks on the 5 00:00:19,480 --> 00:00:22,000 Speaker 3: move today in Europe. I'm Stephen Carroll and we're joined 6 00:00:22,000 --> 00:00:25,400 Speaker 3: by Bloomberg's equities reporter Joe Easton. Joe, good morning. We 7 00:00:25,520 --> 00:00:28,440 Speaker 3: have been watching drinks companies shares in Europe this morning, 8 00:00:28,480 --> 00:00:30,920 Speaker 3: this as China has issued a ruling in its anti 9 00:00:31,000 --> 00:00:35,159 Speaker 3: dumping probe into into EU. Brandy Imports tell us more. 10 00:00:35,240 --> 00:00:37,680 Speaker 1: Big news coming for the drink space, something that we've 11 00:00:37,680 --> 00:00:39,639 Speaker 1: been watching for a long time since you mentioned they're 12 00:00:39,720 --> 00:00:42,680 Speaker 1: China giving this update. They're going to slap these levees 13 00:00:42,920 --> 00:00:48,320 Speaker 1: on the drinks, specifically Brandy. Now potentially they're going to 14 00:00:48,320 --> 00:00:51,360 Speaker 1: be putting a duty ranging from twenty seven percent to 15 00:00:51,479 --> 00:00:53,960 Speaker 1: thirty five percent. Now, we actually saw a big drop 16 00:00:54,000 --> 00:00:59,360 Speaker 1: down in companies like Remy, Quantro Pernrico, Diagio, LVMA Chieven. 17 00:00:59,760 --> 00:01:03,360 Speaker 1: How they have since recovered because analysts are actually kind 18 00:01:03,400 --> 00:01:05,600 Speaker 1: of saying trainers saying that this looks a little bit 19 00:01:05,600 --> 00:01:08,640 Speaker 1: better than fared. So some drinks makers may actually be 20 00:01:08,640 --> 00:01:12,240 Speaker 1: able to avoid these tariffs if they fulfill price pledges. 21 00:01:12,280 --> 00:01:14,640 Speaker 1: So if they agree to the price levels at that 22 00:01:14,840 --> 00:01:18,600 Speaker 1: China wants them too. And also there were previous reports 23 00:01:18,640 --> 00:01:21,039 Speaker 1: that the levees could be as high as thirty nine 24 00:01:21,120 --> 00:01:24,760 Speaker 1: percent rather than the thirty five percent that's been announced 25 00:01:24,760 --> 00:01:27,959 Speaker 1: a few moments ago. So they are rebounding, remy actually 26 00:01:28,080 --> 00:01:30,800 Speaker 1: higher now after dropping seven percents. That one is up 27 00:01:30,840 --> 00:01:34,040 Speaker 1: around almost one percent at the moment, and the other 28 00:01:34,080 --> 00:01:36,960 Speaker 1: stocks rebounding. But really volatile and interesting session for the 29 00:01:37,040 --> 00:01:37,680 Speaker 1: drink stocks. 30 00:01:37,959 --> 00:01:40,280 Speaker 3: Yeah, certainly we've been watching them with interest. And I've 31 00:01:40,280 --> 00:01:42,520 Speaker 3: also been playing that game of who owns which brand? 32 00:01:42,560 --> 00:01:45,200 Speaker 3: Which I can never remember in this situation, so I 33 00:01:45,319 --> 00:01:47,559 Speaker 3: wasn't was not sure about why I had to google 34 00:01:47,560 --> 00:01:49,680 Speaker 3: that one. And of course at least the H in 35 00:01:50,000 --> 00:01:52,800 Speaker 3: LVMH is Hennessy, so that's an easy one to remain. 36 00:01:53,560 --> 00:01:55,040 Speaker 1: Is the is the M? 37 00:01:55,120 --> 00:01:59,320 Speaker 2: I think the Yes, Yes, this is a fun game. 38 00:01:59,320 --> 00:02:01,880 Speaker 3: We should playing more. Yeah, to talk us through what 39 00:02:01,960 --> 00:02:04,480 Speaker 3: else is moving? We're looking at trade exposed miners and 40 00:02:04,520 --> 00:02:06,320 Speaker 3: automakers among the decliners. 41 00:02:06,760 --> 00:02:10,320 Speaker 1: Yes, so we are seeing some weakness in the auto 42 00:02:10,360 --> 00:02:12,919 Speaker 1: makers also the miners, as you mentioned that a lot 43 00:02:12,960 --> 00:02:15,959 Speaker 1: of that is due to the kind of tariff uncertainty 44 00:02:16,000 --> 00:02:17,920 Speaker 1: that we're seeing, particularly in stuff coming out of China. 45 00:02:17,960 --> 00:02:20,040 Speaker 1: What are they going to do next on that? But 46 00:02:20,120 --> 00:02:23,280 Speaker 1: one stock I am seeing to the upside is Ryan Mattow. Now, 47 00:02:23,280 --> 00:02:26,960 Speaker 1: the company held a prey close call with analysts last night, 48 00:02:27,000 --> 00:02:29,600 Speaker 1: so this is essentially where they get analysts together, give 49 00:02:29,639 --> 00:02:34,040 Speaker 1: them a briefing ahead of a blackout period before their results. Now, 50 00:02:34,080 --> 00:02:37,640 Speaker 1: the defense firm, whose stock has soared over two hundred 51 00:02:37,680 --> 00:02:40,680 Speaker 1: percent of the past year, actually predicting that it's going 52 00:02:40,720 --> 00:02:42,840 Speaker 1: to see a big jump of orders, and JP Morgan 53 00:02:43,120 --> 00:02:46,519 Speaker 1: saying they think Ryan Mattel could get seventy billion euros 54 00:02:46,960 --> 00:02:50,560 Speaker 1: worth of defense orders over the next year alone. They 55 00:02:50,600 --> 00:02:54,520 Speaker 1: therefore think the stock should rise another thirty percent. So 56 00:02:54,639 --> 00:02:57,839 Speaker 1: Ryan Mattel boosted again, only up about one percent to day, 57 00:02:57,840 --> 00:03:00,600 Speaker 1: but given already they say, up more than two hundred 58 00:03:00,600 --> 00:03:03,320 Speaker 1: percent over the past year, even almost two hundred percent 59 00:03:03,360 --> 00:03:06,840 Speaker 1: this year year today, it's impressive stuff for that sector. 60 00:03:07,360 --> 00:03:10,000 Speaker 3: Okay, dealer's choice, Joe, what else are you watching this morning? 61 00:03:10,560 --> 00:03:12,160 Speaker 1: I've got the pick of the bunch, haven't I? 62 00:03:12,240 --> 00:03:12,520 Speaker 2: Today? 63 00:03:12,520 --> 00:03:14,919 Speaker 1: So I actually think the financials are interesting because there's 64 00:03:14,919 --> 00:03:17,880 Speaker 1: a couple of different analyst notes out. We've got DWS 65 00:03:18,160 --> 00:03:20,679 Speaker 1: over in Germany, which is the asset manager spun out 66 00:03:20,880 --> 00:03:23,679 Speaker 1: of Deutschebank a few years ago. That one is downgraded 67 00:03:23,720 --> 00:03:26,680 Speaker 1: by BNP Parabole, which says they've sent an outflow, so 68 00:03:26,760 --> 00:03:29,200 Speaker 1: a lot of flows coming out of the firm. They 69 00:03:29,400 --> 00:03:32,960 Speaker 1: do hold a lot of listed security, so stocks, bonds 70 00:03:33,000 --> 00:03:35,320 Speaker 1: as well, so that is a negative part. But CVC 71 00:03:35,480 --> 00:03:39,160 Speaker 1: Capital upgraded at JP Morgan. That one was slightly higher 72 00:03:39,240 --> 00:03:42,120 Speaker 1: earlier today. This is because private actually actually doing a 73 00:03:42,160 --> 00:03:45,360 Speaker 1: lot of exits, is selling out of businesses and making 74 00:03:45,400 --> 00:03:47,600 Speaker 1: decent profits at the moment. So I find it interesting 75 00:03:47,880 --> 00:03:51,520 Speaker 1: that the kind of traditional asset management businesses not doing 76 00:03:51,560 --> 00:03:54,920 Speaker 1: so well, but private actually strong. CBC a little bit positive, 77 00:03:55,000 --> 00:04:00,280 Speaker 1: DWS falling today. 78 00:03:59,040 --> 00:04:03,360 Speaker 2: The Stock podcast from Bloomberg Radio. Check back with us 79 00:04:03,440 --> 00:04:06,360 Speaker 2: throughout the day for the latest roundup of companies making 80 00:04:06,440 --> 00:04:10,000 Speaker 2: news on Wall Street and for the latest market moving headlines. 81 00:04:10,160 --> 00:04:14,080 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 82 00:04:14,160 --> 00:04:16,960 Speaker 2: dot com, and on Applecarplay and Android Auto with the 83 00:04:16,960 --> 00:04:18,320 Speaker 2: Bloomberg Business app.