1 00:00:02,520 --> 00:00:09,040 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 00:00:17,560 --> 00:00:18,960 Speaker 1: Well, let's take a look at some of the stocks 5 00:00:19,040 --> 00:00:21,599 Speaker 1: on the move today in Europe. Were joined by Bloomberg's 6 00:00:21,640 --> 00:00:25,639 Speaker 1: equities reporter Joe Easton. Joe, let's start them with the autos. 7 00:00:25,880 --> 00:00:28,120 Speaker 1: The wake of the twenty five percent tariff announcement by 8 00:00:28,120 --> 00:00:29,800 Speaker 1: Donald Trump, power markets reacting. 9 00:00:29,720 --> 00:00:33,240 Speaker 3: Yes, also is really the focus point of markets stay 10 00:00:33,280 --> 00:00:36,919 Speaker 3: really hit pretty hard. We're seeing drops of the likes 11 00:00:36,920 --> 00:00:40,839 Speaker 3: of Stilantis down five percent today, Porsche down five percent, 12 00:00:40,960 --> 00:00:44,640 Speaker 3: BMW Mercedes also hit by similar amounts, and that is 13 00:00:44,640 --> 00:00:47,839 Speaker 3: among the worst performers in terms of the sectors. Now, 14 00:00:48,159 --> 00:00:50,400 Speaker 3: a lot of analyst commentary coming out on this, noting 15 00:00:50,400 --> 00:00:52,680 Speaker 3: that a lot of these firms actually are exposed to 16 00:00:52,720 --> 00:00:56,240 Speaker 3: around a quarter of their sales are sold in the US, 17 00:00:56,240 --> 00:01:00,680 Speaker 3: and several of them actually produce cars in Mexico and 18 00:01:00,880 --> 00:01:04,320 Speaker 3: also Canada as well. So Trump announcing these twenty five 19 00:01:04,360 --> 00:01:08,640 Speaker 3: percent tariffs on any auto sold in the US, that 20 00:01:08,880 --> 00:01:10,720 Speaker 3: is really hitting the sect today. And I was taking 21 00:01:10,720 --> 00:01:12,160 Speaker 3: a look on a longer basis. A lot of these 22 00:01:12,160 --> 00:01:14,959 Speaker 3: stocks have actually dropped by around fifty percent over the 23 00:01:14,959 --> 00:01:17,640 Speaker 3: past year. St Lantis actually down even more than that, 24 00:01:17,720 --> 00:01:20,160 Speaker 3: down six percent on a one year basis. So yeah, 25 00:01:20,160 --> 00:01:22,320 Speaker 3: a pretty rough day for auto stocks at the moment. 26 00:01:22,400 --> 00:01:25,200 Speaker 4: Yes, the Landas is down more than five percent in 27 00:01:25,240 --> 00:01:28,080 Speaker 4: the first hour of European trading, Mercedes Benz down four 28 00:01:28,120 --> 00:01:31,240 Speaker 4: and a half percent. Valeo also down close to six 29 00:01:31,280 --> 00:01:33,280 Speaker 4: percent in the first hour of European tready. It has 30 00:01:33,280 --> 00:01:37,960 Speaker 4: been pretty difficult then already. Let's talk about retail though 31 00:01:38,000 --> 00:01:41,240 Speaker 4: here in the UK, and actually some good news for 32 00:01:41,280 --> 00:01:42,600 Speaker 4: the retailer Next. 33 00:01:42,880 --> 00:01:45,160 Speaker 3: Yes, so Next doing really well. That stocks up around 34 00:01:45,200 --> 00:01:47,560 Speaker 3: nine percent at the moment, hitting the highest level in 35 00:01:47,680 --> 00:01:51,800 Speaker 3: around six months. Now, the company boosting its forecast again, 36 00:01:51,880 --> 00:01:54,760 Speaker 3: saying it's made a strong start to the yearlifting its 37 00:01:54,800 --> 00:01:59,640 Speaker 3: profit guidance, and analysts calling four increases to their estimates 38 00:01:59,640 --> 00:02:03,000 Speaker 3: for only But interestingly, we've got H and M dropping 39 00:02:03,120 --> 00:02:05,600 Speaker 3: after they've reported more weakness today, and it's kind of 40 00:02:06,160 --> 00:02:10,440 Speaker 3: a pretty interesting outlook if we think the next doing well, 41 00:02:10,480 --> 00:02:13,760 Speaker 3: but actually the lower end of the market HNAM struggling. 42 00:02:13,840 --> 00:02:15,600 Speaker 3: I'm trying to kind of figure out what that is. 43 00:02:15,639 --> 00:02:18,360 Speaker 3: I guess if you're maybe going on holiday less or 44 00:02:18,400 --> 00:02:20,440 Speaker 3: going out less, you buy fewer of those kind of 45 00:02:20,919 --> 00:02:24,360 Speaker 3: throwaway fast fashion salesman. Next in the sort of mid 46 00:02:24,400 --> 00:02:27,520 Speaker 3: market range actually doing pretty well, so it's kind of 47 00:02:27,560 --> 00:02:29,560 Speaker 3: an interesting one to look at. 48 00:02:29,440 --> 00:02:30,520 Speaker 2: A word on Ubs. 49 00:02:30,520 --> 00:02:33,360 Speaker 3: The Dan Grays so UBS hit hard today, the stock 50 00:02:33,400 --> 00:02:36,239 Speaker 3: down around six percent at the moment. Analysts at Bank 51 00:02:36,280 --> 00:02:39,120 Speaker 3: of America cutting the stock to underform, so this is 52 00:02:39,160 --> 00:02:42,440 Speaker 3: where they are recommending people sell the stock now. Ubs 53 00:02:42,800 --> 00:02:45,920 Speaker 3: is having to put aside a load more capital because 54 00:02:45,960 --> 00:02:48,640 Speaker 3: of a requirement from at least Swiss government after a 55 00:02:48,680 --> 00:02:51,480 Speaker 3: couple of little scandals hit the company a couple of 56 00:02:51,520 --> 00:02:55,320 Speaker 3: years ago, including the Archagel's capital hit and also the 57 00:02:55,400 --> 00:02:58,400 Speaker 3: credits Swiss fallout. So UBS potentially going to have to 58 00:02:58,400 --> 00:03:02,520 Speaker 3: put aside twenty five a billion dollars worth of capsule 59 00:03:02,560 --> 00:03:05,760 Speaker 3: and for that reason, Bank of America says you should 60 00:03:05,800 --> 00:03:07,680 Speaker 3: not be buying that stock, you should be selling. And 61 00:03:07,720 --> 00:03:10,880 Speaker 3: the stock is down five percent in Zerich this morning. 62 00:03:11,840 --> 00:03:15,960 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 63 00:03:16,040 --> 00:03:18,799 Speaker 2: us throughout the day for the latest roundup of companies 64 00:03:18,840 --> 00:03:21,920 Speaker 2: making news on Wall Street and for the latest market 65 00:03:21,919 --> 00:03:26,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 66 00:03:26,360 --> 00:03:29,600 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 67 00:03:29,680 --> 00:03:31,120 Speaker 2: the Bloomberg Business app.