1 00:00:02,520 --> 00:00:08,800 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 00:00:17,960 --> 00:00:20,000 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:20,040 --> 00:00:22,480 Speaker 3: We are joined by Bloomberg's Kritty Gupta and Kritty. 6 00:00:22,560 --> 00:00:25,279 Speaker 1: It is a sea of red this morning after President 7 00:00:25,280 --> 00:00:26,400 Speaker 1: Trump's tariff announcement. 8 00:00:26,440 --> 00:00:28,560 Speaker 3: Good morning, Good morning, Nathan, it absolutely is. 9 00:00:28,560 --> 00:00:30,280 Speaker 1: I'm going to go sector by sextor here to make 10 00:00:30,360 --> 00:00:31,920 Speaker 1: sense of the red on the screen that we are 11 00:00:31,920 --> 00:00:34,320 Speaker 1: seeing in some cases a little bit of green, and 12 00:00:34,400 --> 00:00:35,199 Speaker 1: yes there's a little. 13 00:00:35,000 --> 00:00:36,800 Speaker 3: Bit of optims now there in certain parts. I'll get 14 00:00:36,800 --> 00:00:37,640 Speaker 3: to that in just a moment. 15 00:00:37,800 --> 00:00:40,279 Speaker 1: Let's kick it off with the worst performer, or one 16 00:00:40,280 --> 00:00:41,800 Speaker 1: of two of the worst performers this morning, and that 17 00:00:41,840 --> 00:00:45,199 Speaker 1: is Nike and Lululemon. If you are a retailer, and 18 00:00:45,200 --> 00:00:47,640 Speaker 1: if you have a supply chain that is extending into 19 00:00:47,680 --> 00:00:51,800 Speaker 1: not just China, but into Southeast Asia like Vietnam, Thailand, Cambodia, 20 00:00:51,840 --> 00:00:54,400 Speaker 1: even India, a lot of the countries that were named 21 00:00:54,440 --> 00:00:57,920 Speaker 1: in these reciprocal tariff plans from yesterday, you are selling 22 00:00:57,960 --> 00:01:01,639 Speaker 1: off circa ten percent and that's where Nike is NKE 23 00:01:02,000 --> 00:01:04,399 Speaker 1: down about ten percent this morning, trading at fifty eight 24 00:01:04,440 --> 00:01:07,520 Speaker 1: dollars a share, and Lululemon is actually taking it. 25 00:01:07,480 --> 00:01:08,479 Speaker 3: A little bit worse there. 26 00:01:08,640 --> 00:01:11,200 Speaker 1: Lu l U is your ticker there, down about twelve 27 00:01:11,280 --> 00:01:14,240 Speaker 1: percent about trading at about two hundred and forty eight dollars 28 00:01:14,280 --> 00:01:16,319 Speaker 1: a share. And you are seeing that globally with any 29 00:01:16,360 --> 00:01:20,760 Speaker 1: active where that has supply chains extending into East Asia, 30 00:01:21,160 --> 00:01:23,200 Speaker 1: this is going to be the dynamic in terms of 31 00:01:23,240 --> 00:01:26,360 Speaker 1: the retail space. It's the same story in tech, especially 32 00:01:26,400 --> 00:01:30,120 Speaker 1: again with supply chains that are very dependent on the 33 00:01:30,360 --> 00:01:32,280 Speaker 1: chip sector. So I'll start off with Apple here, where 34 00:01:32,280 --> 00:01:34,160 Speaker 1: of course a lot of their smartphones are made not 35 00:01:34,240 --> 00:01:36,160 Speaker 1: only in China, but India as well, and that was 36 00:01:36,200 --> 00:01:38,480 Speaker 1: a big pivot that Tim Cook had made under the 37 00:01:38,520 --> 00:01:41,919 Speaker 1: first Trump administration in terms of diversifying away from China. 38 00:01:42,160 --> 00:01:45,600 Speaker 1: Doesn't really help them at this very moment. AAPL those 39 00:01:45,640 --> 00:01:47,920 Speaker 1: shares down about seven point four percent, trading out about 40 00:01:47,920 --> 00:01:50,200 Speaker 1: two hundred and seven dollars a share. But to me, 41 00:01:50,320 --> 00:01:52,240 Speaker 1: the real crux of this story when it comes to 42 00:01:52,240 --> 00:01:55,400 Speaker 1: the chip sector is that Taiwan had a carve out 43 00:01:55,400 --> 00:01:57,960 Speaker 1: when it came to the tariffs on Taiwan. That does 44 00:01:58,000 --> 00:02:02,000 Speaker 1: not include things like chips. Being said, the chipped tariffs 45 00:02:02,320 --> 00:02:04,600 Speaker 1: or actually the baseline TIFFs are still effective on chips 46 00:02:04,640 --> 00:02:07,680 Speaker 1: in Japan, South Korea and other parts of Asia as well, 47 00:02:07,720 --> 00:02:10,120 Speaker 1: so that is still going to impact the supply chains 48 00:02:10,120 --> 00:02:13,880 Speaker 1: of the likes of Nvidia, for example, MVDA down about 49 00:02:14,040 --> 00:02:16,200 Speaker 1: we'll call about five percent this morning, one hundred and 50 00:02:16,280 --> 00:02:19,400 Speaker 1: five dollars is where we're trading at there. Tesla a 51 00:02:19,440 --> 00:02:22,680 Speaker 1: similar storymember evs require a lot of. 52 00:02:22,800 --> 00:02:23,520 Speaker 3: Chips as well. 53 00:02:23,639 --> 00:02:26,560 Speaker 1: Tsla down five percent two hundred and sixty eight dollars 54 00:02:26,560 --> 00:02:29,160 Speaker 1: a share there, and we are seeing the same story. 55 00:02:29,200 --> 00:02:31,760 Speaker 1: When it comes to the car makers, GM not down 56 00:02:31,800 --> 00:02:33,600 Speaker 1: by as much of a margin as it has been 57 00:02:33,639 --> 00:02:35,280 Speaker 1: in the last couple of days. Some would argue the 58 00:02:35,320 --> 00:02:37,960 Speaker 1: pain around the autos is priced in, but still not 59 00:02:38,160 --> 00:02:40,239 Speaker 1: exempt from the pain. This morning, down about two point 60 00:02:40,280 --> 00:02:42,720 Speaker 1: four percent of the ticker. Is GM trading just about 61 00:02:42,760 --> 00:02:44,959 Speaker 1: forty seven dollars a share and stillantas. 62 00:02:45,000 --> 00:02:45,760 Speaker 3: These are two. 63 00:02:45,600 --> 00:02:47,760 Speaker 1: Companies by the way that Donald Trump had mentioned we're 64 00:02:47,760 --> 00:02:51,200 Speaker 1: increasing their investment in the United States in his speech yesterday. Stalants, 65 00:02:51,360 --> 00:02:53,800 Speaker 1: which is an Italian company but has their ADRs in 66 00:02:53,840 --> 00:02:57,760 Speaker 1: the US STLA down one point six percent, but only 67 00:02:57,760 --> 00:03:00,680 Speaker 1: one point six percent compared to lululemons twelve percent decline. 68 00:03:00,840 --> 00:03:02,799 Speaker 3: This very very little, Nathan. 69 00:03:02,800 --> 00:03:05,040 Speaker 1: I'll wrap it up with the pharmaceutical sector because that's 70 00:03:05,040 --> 00:03:08,240 Speaker 1: where we're expecting sectoral tariffs to be announced soon. 71 00:03:08,400 --> 00:03:10,760 Speaker 3: Eli Lilly is in the firing line there. 72 00:03:10,919 --> 00:03:14,800 Speaker 1: L Y down about two percent this morning, trading just 73 00:03:14,840 --> 00:03:18,040 Speaker 1: shy of eight hundred and three dollars a share. Johnson 74 00:03:18,120 --> 00:03:19,960 Speaker 1: Johnson I promised you a little green on the screen. 75 00:03:20,120 --> 00:03:20,360 Speaker 3: Okay. 76 00:03:20,440 --> 00:03:22,840 Speaker 1: Johnson and Johnson is hired by four tens of one 77 00:03:22,880 --> 00:03:25,520 Speaker 1: percent Jay and Jay, trading at one hundred fifty six 78 00:03:25,560 --> 00:03:28,480 Speaker 1: dollars a share. It also has international supply chains, but 79 00:03:28,600 --> 00:03:30,519 Speaker 1: a little less than some of its counterparts. 80 00:03:30,680 --> 00:03:32,640 Speaker 3: Perhaps that's why you're seeing a little green on the screen. 81 00:03:34,000 --> 00:03:38,120 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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