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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 3: Let's take a look at some stocks on the move

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Speaker 3: today in Europe. I'm Tom McKenzie with Caroline Hepker. We're

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Speaker 3: joined now by Bloomberg's equities reporter Joe Easton Joe WPB

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Speaker 3: shares falling to the lowest level since two thousand and nine,

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Speaker 3: Ouch Bad, Dave.

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Speaker 1: Wp Ouch and d Topp. As you say, we're down

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Speaker 1: sixteen percent on that stock at the moment. The company

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Speaker 1: based here in the UK cutting its out look for

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Speaker 1: twenty twenty five after clients spent less than expected. They've

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Speaker 1: already worn of weakness in European spending, so particularly over

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Speaker 1: in Germany, they had already worn a couple of months

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Speaker 1: ago that clients were cutting back. There's also the element

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Speaker 1: of the US which has kind of been something that's

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Speaker 1: gone on for the past few years with tech companies

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Speaker 1: have rained in their ad spending and that's only set

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Speaker 1: to get worse given the use of the AI coming

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Speaker 1: into the industry as well. So it's really a shocker

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Speaker 1: for the companies. You say, the stock training at the

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Speaker 1: lowest level since two thousand and nine. We're also seeing

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Speaker 1: a feed through into Peers Today's publicist over in France.

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Speaker 1: That one spooked a little bit down two percent, how

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Speaker 1: US in Amsterdam falling close to three percent. Potentially, we're

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Speaker 1: going to see weakness and Omnicom over in the US

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Speaker 1: as well. So really a negative day for advertising stocks

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Speaker 1: following that WPP update.

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Speaker 4: Yeah, it's really interesting, isn't it. The move in advertising

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Speaker 4: just away from TV into like AI generated advertising, influencer

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Speaker 4: generated advertising. It just is a new world. So yeah,

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Speaker 4: WPP really interesting. As they're looking for CEO, right, they're

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Speaker 4: still looking for the best.

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Speaker 1: Yeah, that was part of the reason the stock dropped

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Speaker 1: earlier this year. It's kind of adding to those declines.

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Speaker 1: Uncertainty in the leadership as well.

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Speaker 3: Well.

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Speaker 4: Speaking of AI META investing billions in official intelligence glasses,

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Speaker 4: it's how a market's reacting.

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Speaker 1: Yes, this is a Bloomberg exclusive last night Meta. As

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Speaker 1: you say, buying that steak in the ray band make it,

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Speaker 1: it's going to be three percent worth around three billion dollars. Potentially,

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Speaker 1: that's going to increase to five percent. According to people

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Speaker 1: familiar with the matter, and it's all about those meta

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Speaker 1: ray bands. Now. The latest version of the meta ray bands,

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Speaker 1: the second generation, already sold around two million units. It

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Speaker 1: is really a growth area. I tend to just see

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Speaker 1: them on TikTok where people go up to people in

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Speaker 1: the street and talk to them. Then you think, how

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Speaker 1: are they filming? And it's always via these ray band metas.

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Speaker 1: But I'm sure there are more.

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Speaker 4: Positive Yeah, I know a number of people who want

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Speaker 4: to buy them, and I have yeah.

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Speaker 1: Yeah, because somebody's looking at you. They might look like

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Speaker 1: normal sunglasses. But anyway, it's it's a boom area. And

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Speaker 1: that's doc Esseloor is up five percent in Paris.

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Speaker 3: To the little bit creeped out by it, aren't you?

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Speaker 1: John, I'm a little bit creaked out because you talk

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Speaker 1: to somebody and you think they're just wearing a nice

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Speaker 1: pair of ray.

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Speaker 4: Bands, and then they're But then the one thing that

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Speaker 4: not to get creeped out over is that if you

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Speaker 4: if you go to any events where you have to

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Speaker 4: put your phone away because you know there are celebrities whatever,

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Speaker 4: maybe doing concerts or shows, then if you wear a

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Speaker 4: pair of raybuns, you get to do that celebrity I got.

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Speaker 1: Everyone holding their phone up at a contra positive a

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Speaker 1: positive angle.

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Speaker 3: Absolutely, I don't know how to pivot from meta and

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Speaker 3: voyeurism to farmer stocks on edge. I'm would come out

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Speaker 3: over in a yes, two tariffs on farmer stocks, how

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Speaker 3: are they going to weather that?

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Speaker 1: So now this is Trump's comments Trump last night saying

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Speaker 1: that they could potentially do as to mention a two

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Speaker 1: hundred percent tariff, but he's kind of saying that they

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Speaker 1: might wait a year or two, might wait a little

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Speaker 1: bit before they do this. It sounds like he's kind

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Speaker 1: of position and trying to kind of get his heaviest

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Speaker 1: kind of comments on that into the market and then

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Speaker 1: see how people react in terms of pricing. But we

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Speaker 1: are seeing a bit of a feed through into the

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Speaker 1: market nonetheless, and no over Notice was down one point

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Speaker 1: seven percent, so Offee one point three percent, Roach, Nevatis,

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Speaker 1: all of them slipping around one percent, because potentially it

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Speaker 1: just adds to the worries that tariffs on pharmaceuticals could

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Speaker 1: eventually come through in some form, and therefore people not

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Speaker 1: ignoring the headlines but kind of not selling off those

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Speaker 1: docks as sharply as the initial headline suggestive.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: the Bloomberg Business app.