1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,479 Speaker 2: the stock market, harnessing the power of Bloomberg Data. Well, 4 00:00:16,520 --> 00:00:17,800 Speaker 2: let's take a look at some of the stocks on 5 00:00:17,840 --> 00:00:20,079 Speaker 2: the move today in Europe. I'm Lizzie Burnon with Stephen 6 00:00:20,120 --> 00:00:24,120 Speaker 2: Carroll and were joined by Bloomberg's Chloe Melee. Morning, Chloe. 7 00:00:24,200 --> 00:00:27,320 Speaker 2: Let's start with a consumer name, Pandora down this morning. 8 00:00:27,520 --> 00:00:28,960 Speaker 2: What's that missing link? 9 00:00:29,680 --> 00:00:33,320 Speaker 1: Well, for Pandora, the revenue did miss estimates this morning, 10 00:00:33,320 --> 00:00:36,120 Speaker 1: and the crucial thing really is that the current trading 11 00:00:36,400 --> 00:00:40,360 Speaker 1: trading in this third quarter was also a bit soft 12 00:00:40,440 --> 00:00:43,240 Speaker 1: as well, so for analysts, that means that it could 13 00:00:43,320 --> 00:00:46,960 Speaker 1: make it harder for Pandora to reach those expectations for 14 00:00:47,320 --> 00:00:50,080 Speaker 1: the third quarter and maybe the expectations for the four 15 00:00:50,159 --> 00:00:53,159 Speaker 1: year as well. It did maintain its guidance, but it 16 00:00:53,240 --> 00:00:55,520 Speaker 1: said that it was really too early to figure out 17 00:00:55,600 --> 00:00:59,040 Speaker 1: the magnitude of the tariff impact and the any effects 18 00:00:59,040 --> 00:01:03,120 Speaker 1: that any mitigating initiatives could have to offset that. It 19 00:01:03,200 --> 00:01:06,000 Speaker 1: makes this jewelry in Thailand, which is subject to nineteen 20 00:01:06,000 --> 00:01:08,840 Speaker 1: percent US at tariff, so that's obviously added costs that 21 00:01:08,880 --> 00:01:12,080 Speaker 1: it needs to figure out and mitigate somehow, and it's 22 00:01:12,080 --> 00:01:16,080 Speaker 1: also dealing with higher commodity prices, currency headwinds and all 23 00:01:16,120 --> 00:01:19,320 Speaker 1: of that is placing a lot of pressure on margins. 24 00:01:19,800 --> 00:01:22,080 Speaker 1: So it looks like quite a negative picture. There is 25 00:01:22,280 --> 00:01:25,679 Speaker 1: potential for Pandora to maybe be okay going forward, though 26 00:01:26,080 --> 00:01:31,959 Speaker 1: Bloomberg Attaligents did say that it's more affordable jewry helps 27 00:01:31,959 --> 00:01:35,000 Speaker 1: it would maybe help it capture a consumer segment that 28 00:01:35,080 --> 00:01:37,080 Speaker 1: is kind of trading down at the moment because of 29 00:01:37,120 --> 00:01:40,360 Speaker 1: that lower consumer sentiment because of the cost of living 30 00:01:41,040 --> 00:01:43,640 Speaker 1: and people having a little bit less of a disposable income. 31 00:01:43,720 --> 00:01:46,560 Speaker 1: So hopefully it will it will manage to sell more 32 00:01:46,600 --> 00:01:48,440 Speaker 1: of those more of those bracelets going forward. 33 00:01:48,640 --> 00:01:51,400 Speaker 2: That's only where they're hoping anyways, that's the news from Pandora. 34 00:01:51,760 --> 00:01:55,480 Speaker 2: Next to Orsted the wind carrying some bad news. 35 00:01:55,840 --> 00:01:58,760 Speaker 1: Yeah, so quite a tough week for AusAID. It's another 36 00:01:58,800 --> 00:02:02,360 Speaker 1: blow today. On Monday we had the stock sell which 37 00:02:02,360 --> 00:02:04,800 Speaker 1: it announced, which it said it was necessary to have 38 00:02:04,840 --> 00:02:07,279 Speaker 1: that to steady its finances. But it's sent the shares 39 00:02:07,720 --> 00:02:11,400 Speaker 1: plunging on Monday, and then yesterday it got downgraded by 40 00:02:11,560 --> 00:02:15,440 Speaker 1: SNP to the lowest tier of investment grade. And that's 41 00:02:15,440 --> 00:02:19,919 Speaker 1: because SMP said that Trump's policies against renewable energy and 42 00:02:20,080 --> 00:02:23,320 Speaker 1: especially against offshore wind were likely to take it all 43 00:02:23,440 --> 00:02:28,160 Speaker 1: on Austid's business. You know, since coming into office, Trump 44 00:02:28,240 --> 00:02:32,480 Speaker 1: has he's stopped permitting for new offshore wind developments, He's 45 00:02:32,560 --> 00:02:37,639 Speaker 1: withdrawn some acres of ocean for development, He's brought the 46 00:02:37,760 --> 00:02:40,840 Speaker 1: end of renewable energy tax incentives. So there's a real 47 00:02:41,440 --> 00:02:45,120 Speaker 1: push against that renewable energy. And this all means that 48 00:02:45,160 --> 00:02:48,080 Speaker 1: now all Said is less able to sell stacks in 49 00:02:48,120 --> 00:02:51,760 Speaker 1: projects that it's already building. And unfortunately all Said is 50 00:02:51,840 --> 00:02:54,560 Speaker 1: quite exposed to the US and it's facing now quite 51 00:02:54,720 --> 00:02:57,280 Speaker 1: major setbacks. When you know, not that long ago, it 52 00:02:57,400 --> 00:03:00,399 Speaker 1: was considered to be really a flagship of the green 53 00:03:00,480 --> 00:03:04,000 Speaker 1: energy transition, and now it's struggling. And just finally, Chloe, 54 00:03:04,040 --> 00:03:06,480 Speaker 1: I'm looking at the likes of Glencore up two point 55 00:03:06,600 --> 00:03:09,320 Speaker 1: seven percent, but a similar story for many of the miners. 56 00:03:09,600 --> 00:03:12,320 Speaker 1: What's moving them this morning? Yeah, So we thought actually 57 00:03:12,360 --> 00:03:15,160 Speaker 1: that for the mining sector we might see some weakness 58 00:03:15,440 --> 00:03:18,959 Speaker 1: today because in China, there's there's some data out of 59 00:03:19,080 --> 00:03:21,640 Speaker 1: China that shows that the economy in the country really 60 00:03:21,680 --> 00:03:25,320 Speaker 1: slowed down in July, the production factories and in mines 61 00:03:26,000 --> 00:03:30,840 Speaker 1: rose to the lowest rates since November, for example. But 62 00:03:31,160 --> 00:03:34,320 Speaker 1: potentially what is moving those miners up this morning is 63 00:03:34,320 --> 00:03:37,320 Speaker 1: because if that data continues to come in sorry weaker 64 00:03:37,320 --> 00:03:42,680 Speaker 1: than expected, then policymakers may provide more additional supportive measures 65 00:03:42,800 --> 00:03:45,080 Speaker 1: and you know, to support growth in the fourth quarter. 66 00:03:45,800 --> 00:03:49,120 Speaker 1: So the lost momentum that we see now could reinforce 67 00:03:49,160 --> 00:03:53,160 Speaker 1: the case for more stimulus, So we'll see what happens then. 68 00:03:53,240 --> 00:03:56,520 Speaker 1: That speculation might therefore have kind of limited those any 69 00:03:56,520 --> 00:03:59,960 Speaker 1: downward moves for miners. For glenn Core as well, in particular, 70 00:04:00,080 --> 00:04:02,440 Speaker 1: we do have a raised price target from City, so 71 00:04:02,440 --> 00:04:03,920 Speaker 1: there's the additional boost as well. 72 00:04:03,920 --> 00:04:09,800 Speaker 2: There the Stockmovers report from Bloomberg Radio. Check back with 73 00:04:09,880 --> 00:04:12,440 Speaker 2: us throughout the day for the latest roundup of companies 74 00:04:12,520 --> 00:04:15,640 Speaker 2: making news on Wall Street and for the latest market 75 00:04:15,640 --> 00:04:20,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 76 00:04:20,200 --> 00:04:23,719 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 77 00:04:23,800 --> 00:04:25,279 Speaker 2: the Bloomberg Business app.