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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: So we want to take a look at some stocks

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Speaker 3: on the mover, joined by Bloomberg's Isabell Lee Bloomber Cross

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Speaker 3: Asset Reporter. All right, let's kick it off here with

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Speaker 3: Nike talking about superlatives.

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Speaker 1: Shares are edging lower by thirteen percent. That's the lowest

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Speaker 1: in November twenty seventeen. So really we have European sneakers, clothing,

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Speaker 1: and just jewelry plunging amid a shock to supply chains.

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Speaker 1: I mean Nike, you, for instance, they've increased their reliance

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Speaker 1: in factories in Vietnam and Indonesia. That's after President Trump

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Speaker 1: targeted China with tariffs during his first term as president.

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Speaker 1: And now Nike produces fifty percent if it's good in Vietnam,

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Speaker 1: and well, now the US is imposing forty six percent

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Speaker 1: of sivil tariffs on Vietnam and thirty two percent on Indonesia,

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Speaker 1: and these companies may really just struggle to find a

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Speaker 1: better place for production. I mean, they could either absorb

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Speaker 1: the costs themselves or pass them on to consumers and

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Speaker 1: alsow when one stock there Lula Lemon, they produce forty

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Speaker 1: percent of their stock in Vietnam. They're also down around

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Speaker 1: thirteen percent.

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Speaker 3: What else are you looking at as well?

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Speaker 1: Apple, again another superlative, shares are falling by nine percent.

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Speaker 1: They're erasing around three hundred billion dollars in market values,

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Speaker 1: so their supply chain, as we all know, is also

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Speaker 1: leading heavily towards China. Shares are slumping and even after

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Speaker 1: they've really had this year's long effort to insulate themselves

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Speaker 1: from the trade war and the supply chain disruptions, it

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Speaker 1: didn't really work out. Because they produce other things. Their

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Speaker 1: other manufacturing centers are in Asia. For instance, India is

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Speaker 1: where they build iPhones in AirPods, Vietnam is where they

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Speaker 1: make air pods, iPads, Apple watches, Malaysia is where they

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Speaker 1: make my computers, and the list goes on. And today

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Speaker 1: Apple conducts really little to no mass production in the US,

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Speaker 1: so they're also one of the biggest hit in this

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Speaker 1: tire form.

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Speaker 3: But so interesting to me is that we kind of

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Speaker 3: knew things were coming, and yet still the dramatic slide

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Speaker 3: in some of these stocks is quite staggering.

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Speaker 1: I've never seen my inbox look so so pessimistic. I

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Speaker 1: haven't seen in one note. Maybe I haven't clicked on them.

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Speaker 1: But really everything is just yep, really gloomy.

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Speaker 3: And let's run it out here with GM.

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Speaker 1: So GM shares are edging over by three percent. They

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Speaker 1: were fluctuating between gains and losses. But even Ford, but

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Speaker 1: I think in general President Trump's twenty five percent tirefunt

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Speaker 1: imported cars are really affecting the automakers. In fact, we

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Speaker 1: have the Lantis, which is a jeep maker. This is

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Speaker 1: the first sign that there's a concrete step made toward

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Speaker 1: this because they temporary halted their production in Canada and Mexico,

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Speaker 1: and for instance, Ford also began offering deep discounts. So

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Speaker 1: just this whole sector is really just I would say jittery.

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Speaker 1: The levies are really just part of a broader trade war.

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Speaker 1: And I feel like autos, it's a big ticket items,

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Speaker 1: like I mean, cars cost a lot. This will really

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Speaker 1: increase the cost of all those by double digit thousands.

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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, more

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Speaker 2: kid moving headlines, listen to Bloomberg Radio Live. Catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

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Speaker 2: Auto with the Bloomberg Business app.