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Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.

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

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

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Speaker 1: It's interesting to see LVMH has been overtaken by Ameres

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Speaker 1: as the world's most valuable luxury company. So tell us

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Speaker 1: more about what the markets are saying about the sector.

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Speaker 3: Yes, I'm going to call it a bit of a

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Speaker 3: blood bath in the luxury space, not necessarily because of

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Speaker 3: the scythe of the news, but how widespread the declines

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Speaker 3: are in luxury today. So any company exposed to luxury

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Speaker 3: in Europe is lower. This morning, LVMH itself down eight percent.

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Speaker 3: A really weak report coming out of them after the

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Speaker 3: close of trading on Monday night. Now Goldman Sachs saying

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Speaker 3: that they now reckon LVMH's sales will decline five percent

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Speaker 3: this year. They did think the sales would rise around

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Speaker 3: two percent, so immediately adjusting that weakness across leather goods,

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Speaker 3: across drinks, across jewelry, across cosmetics, so everything being hit

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Speaker 3: and the peers Berbery caring omez even though as Lizzie

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Speaker 3: mentioned there that is now a bigger company on a

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Speaker 3: market cap perspective that is actually lower the drinks makers

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Speaker 3: Perno Diazo, and then in cosmetics Laurel, and in the watches,

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Speaker 3: Watch the Switzerland, the roll Extealer, all of those stocks

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Speaker 3: dropping today adding to the declines that we've already seen

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Speaker 3: this year as Chinese weakness accelerates and also the US

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Speaker 3: starts to weaken even further given these terriff worries.

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Speaker 4: Yeah, alviamh disappointing in terms of both US and Chinese sales.

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Speaker 4: So that was the worry, basically that the luxury name

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Speaker 4: was being it on both sides of the world.

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Speaker 3: Think you see the potentially the impact of people's maybe

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Speaker 3: stock market portfolios coming into how they're thinking about purchases

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Speaker 3: on the luxury side as well. That was the initial

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Speaker 3: thing that analysts were looking for, and that does seem

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Speaker 3: to be in the report slightly.

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Speaker 4: Yeah, well, I suppose if you buy very expensive luxury goods,

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Speaker 4: you might also be someone who owns box and shares

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Speaker 4: and how's investments. Listen, let's think about autos and car parts.

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Speaker 4: This possible temporary pre floated by President Trump. How's that

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Speaker 4: going down with investors?

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Speaker 3: So this one looking much stronger in terms of the sectors.

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Speaker 3: So we saw stillants jumping at around five percent over

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Speaker 3: in Italy. The stock was also up in the US

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Speaker 3: where it's listed as well, and then the German companies

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Speaker 3: as well, Mercedes, BMW, Volkswagen all of them rising, and

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Speaker 3: even at the parts makers as well, So mitchellin Balleo

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Speaker 3: Continental pretty much green across the autos today as Trump,

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Speaker 3: as you say, touts this potential reprief though as usual

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Speaker 3: from Trump, there's not too many details on what that

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Speaker 3: might actually look like, but the market taking it as

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Speaker 3: an indicator that they could potentially be a bit of

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Speaker 3: a relief given the sector is facing twenty five percent

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Speaker 3: tariffs on goods imported into the US as it stands.

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Speaker 1: Now, Jo, here's what I really want to ask you. Okay,

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Speaker 1: So Trump has signaled that there could be a probe

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Speaker 1: into drugs and chips and maybe more tariffs to but

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Speaker 1: lots of the chip names doing pretty well here in

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Speaker 1: Europe this morning.

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Speaker 2: Yeah, So that was one.

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Speaker 3: When I got to my desk, I was reading that

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Speaker 3: story and I wasn't really seeing a reaction in the

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Speaker 3: Asia names or on the early indications from the market

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Speaker 3: makers that were sending me they weren't actually that interested

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Speaker 3: in this story. I guess it's still quite uncertain and

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Speaker 3: uncertain on whether there will be tariffs on chips, also

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Speaker 3: farmer as well. We know those stocks did sell off,

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Speaker 3: but there is a bit of a deal in the

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Speaker 3: chip space now. B e Semi one of the largest

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Speaker 3: makers of chip machinery, so companies that actually make the

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Speaker 3: machines that then make chips and are sold into iPhones, laptops,

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Speaker 3: that kind of thing, getting an investment from Applied Materials

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Speaker 3: in the US, one of the biggest heavyweight US companies,

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Speaker 3: taking a nine percent stake in Dutch listed b Semin,

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Speaker 3: that is actually the best performing stock across the European

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Speaker 3: market today. We're currently up around eight percent on be Semi,

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Speaker 3: outforming so positivity in the semiconductor space and potentially ignoring

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Speaker 3: the lightest tire concerns for now.

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Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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