1
00:00:02,520 --> 00:00:07,360
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:08,640 --> 00:00:13,040
Speaker 2: The Stock Movers podcast, your roundup of companies making moves

3
00:00:13,080 --> 00:00:16,480
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

4
00:00:17,520 --> 00:00:19,000
Speaker 3: Now, let's look at some of the stocks on the

5
00:00:19,040 --> 00:00:21,400
Speaker 3: move today here in Europe. I'm Caroline Hepka and we're

6
00:00:21,440 --> 00:00:25,239
Speaker 3: joined bub Blomberg's Equities with porter Chloe Malay. Good morning, Chloe.

7
00:00:25,760 --> 00:00:29,160
Speaker 3: Let's start with Stilantis, which has rallied after the US

8
00:00:29,280 --> 00:00:31,760
Speaker 3: EU tariff agreement. Tell us a bit more about that.

9
00:00:32,159 --> 00:00:34,400
Speaker 1: Yeah, so we've seen quite a big movement, quite a

10
00:00:34,400 --> 00:00:36,600
Speaker 1: big movement on the up across the car making sector

11
00:00:36,640 --> 00:00:39,159
Speaker 1: in Europe, and Stilanta's really led the charge as well

12
00:00:39,159 --> 00:00:42,280
Speaker 1: as Porsche. They've kind of been cited before as being

13
00:00:42,520 --> 00:00:44,400
Speaker 1: some of the car makers in Europe that are most

14
00:00:44,440 --> 00:00:48,120
Speaker 1: exposed to tariff and that tariff uncertainty because of their

15
00:00:48,120 --> 00:00:51,960
Speaker 1: manufacturing footprint and the supply chains as well. You know,

16
00:00:52,000 --> 00:00:55,320
Speaker 1: Stilante's obviously reported a surprise loss earlier in the season.

17
00:00:55,920 --> 00:01:00,120
Speaker 1: Porsche is reporting this weekend it is expected to to

18
00:01:00,240 --> 00:01:02,800
Speaker 1: cut its guidance due to tariffs. So both of those

19
00:01:02,800 --> 00:01:05,440
Speaker 1: companies are very exposed to it. But the news and

20
00:01:05,480 --> 00:01:08,360
Speaker 1: the clarity that this brings is really was really helpful

21
00:01:08,400 --> 00:01:10,480
Speaker 1: for the shares this morning, and we can see it

22
00:01:10,520 --> 00:01:15,399
Speaker 1: really kind of reassured investors. It might it Vanillis are

23
00:01:15,400 --> 00:01:17,039
Speaker 1: saying that it's kind of a double edged sword though,

24
00:01:17,080 --> 00:01:20,319
Speaker 1: because you know it is it allows for better planning,

25
00:01:20,360 --> 00:01:22,880
Speaker 1: but it also means that the tariffs are still above

26
00:01:23,000 --> 00:01:26,720
Speaker 1: pre Trump era, so that may impact competitiveness over the

27
00:01:26,720 --> 00:01:28,680
Speaker 1: long term, but that's maybe for later.

28
00:01:28,880 --> 00:01:31,520
Speaker 3: Do Yeah, it's interesting. I mean also in car parts

29
00:01:31,720 --> 00:01:35,000
Speaker 3: manufacturers are off, but they're way down in terms of

30
00:01:35,040 --> 00:01:38,600
Speaker 3: the sector breakdown, so they're not really seeing the biggest gains.

31
00:01:38,680 --> 00:01:42,440
Speaker 3: Healthcares are more than one percent. Technology also are one

32
00:01:42,440 --> 00:01:47,160
Speaker 3: point four percent this morning. But the chip maker ASML

33
00:01:47,400 --> 00:01:48,480
Speaker 3: is one standout.

34
00:01:48,760 --> 00:01:51,200
Speaker 1: Why Oh yeah, So ASML were on the back of

35
00:01:51,320 --> 00:01:54,680
Speaker 1: this trade deal as well. So across that chip making

36
00:01:54,720 --> 00:01:57,000
Speaker 1: sector we have seen we have seen gains, but for

37
00:01:57,040 --> 00:01:59,800
Speaker 1: a SML as well, it's also benefiting from something else,

38
00:02:00,240 --> 00:02:03,960
Speaker 1: Samsung's deal to provide chips to Tesla. So you know,

39
00:02:04,000 --> 00:02:07,040
Speaker 1: the cells of that semiconductor equipment could get a boost

40
00:02:07,040 --> 00:02:10,760
Speaker 1: because Samsung is ramping up that manufacturing capacity, ramping up

41
00:02:10,760 --> 00:02:15,480
Speaker 1: the output, and it really needs this equipment those machines

42
00:02:15,480 --> 00:02:18,200
Speaker 1: from ASML. So it's kind of a duke of good

43
00:02:18,200 --> 00:02:21,040
Speaker 1: news this morning for that stock, and that explains the

44
00:02:21,120 --> 00:02:22,920
Speaker 1: kind of investor enthusiasm around it.

45
00:02:23,400 --> 00:02:26,400
Speaker 3: Yeah, they're going to be making yes, Tesla AI chips,

46
00:02:26,400 --> 00:02:28,959
Speaker 3: aren't they in a major deal that Elon Musk was

47
00:02:29,000 --> 00:02:34,440
Speaker 3: talking about too. Lastly, Heineken's beer sales have fallen. How

48
00:02:34,800 --> 00:02:36,200
Speaker 3: is the market thinking about this?

49
00:02:36,360 --> 00:02:38,639
Speaker 1: Yeah, so Heineken was actually a bit of volatile this morning.

50
00:02:38,680 --> 00:02:41,520
Speaker 1: It's kind of settled now and it is down because

51
00:02:41,600 --> 00:02:43,920
Speaker 1: the results were a bit of a mixed bag. So

52
00:02:44,520 --> 00:02:48,560
Speaker 1: there was enthusiasm generally around the trade deal, but it

53
00:02:48,600 --> 00:02:51,040
Speaker 1: seems that investors were less excited about that and a

54
00:02:51,120 --> 00:02:53,239
Speaker 1: little bit more concerned about the fact that there's quite

55
00:02:53,320 --> 00:02:58,280
Speaker 1: weak beer sales. So beer volumes fell because of disputes

56
00:02:58,280 --> 00:03:01,200
Speaker 1: of a price increases with retailers, but also really weak

57
00:03:01,320 --> 00:03:05,000
Speaker 1: consumers bending and that that's a really big problem. It's

58
00:03:05,040 --> 00:03:07,400
Speaker 1: really weak in Europe and in the America's as well,

59
00:03:07,400 --> 00:03:09,840
Speaker 1: which are kind of key markets of course for Heineken

60
00:03:10,400 --> 00:03:13,000
Speaker 1: this year said that the beer markets have declined at

61
00:03:13,000 --> 00:03:16,639
Speaker 1: a pace that Heinegan has rarely seen before. So this

62
00:03:16,800 --> 00:03:19,760
Speaker 1: is quite concerning going forward. It did maintain its guidance

63
00:03:19,800 --> 00:03:21,920
Speaker 1: for the year, but that was not enough to reassure

64
00:03:21,960 --> 00:03:22,400
Speaker 1: the market.

65
00:03:22,880 --> 00:03:26,200
Speaker 3: Okay, so that from Heineken. Now, Chloe, I can't help

66
00:03:26,240 --> 00:03:28,440
Speaker 3: but notice that your voice is a little huskier than

67
00:03:28,560 --> 00:03:31,600
Speaker 3: usual today. It is Were you out there shipping for

68
00:03:31,680 --> 00:03:32,320
Speaker 3: the football?

69
00:03:32,400 --> 00:03:32,680
Speaker 2: Yes?

70
00:03:32,960 --> 00:03:35,160
Speaker 1: I was, I was. I don't regret it, but I

71
00:03:35,200 --> 00:03:37,920
Speaker 1: do need I do need some honey and lemon, I

72
00:03:37,960 --> 00:03:39,280
Speaker 1: think now, Oh lovely stuff.

73
00:03:40,520 --> 00:03:44,640
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

74
00:03:44,760 --> 00:03:47,520
Speaker 2: us throughout the day for the latest roundup of companies

75
00:03:47,560 --> 00:03:50,600
Speaker 2: making news on Wall Street and for the latest market

76
00:03:50,640 --> 00:03:55,000
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

77
00:03:55,040 --> 00:03:58,280
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

78
00:03:58,360 --> 00:04:01,520
Speaker 2: the Bloomberg Business app. Two