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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in 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 today.

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Speaker 3: Joining us now is Bloomberg News Managing Editor for Markets Live,

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Speaker 3: Christina Quino. She's here in our Bloomberg Interactive broker's studio.

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Speaker 3: No shortage of stocks free to choose from today.

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Speaker 1: Christina, Absolutely, Tim, I mean, that's what we love about

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Speaker 1: Volta markets at the very least. Yeah, I want to

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Speaker 1: talk about cars today because of course we got those

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Speaker 1: comments from President Trump potentially exploring the possibility of temporary

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Speaker 1: exemptions on vehicles. So remember right, we were supposed to

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Speaker 1: get tariffs on fully built vehicles twenty five percent, no

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Speaker 1: later than the third of May. Now those separate arists

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Speaker 1: on Canada and Mexico already including a vehicle Karvo. But

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Speaker 1: that's a little a significant amount, right, But now the

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Speaker 1: potential for temporary exemptions at least really beefing up those

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Speaker 1: carmaker shares today, GM up more than three percent at

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Speaker 1: the close, and for It up more than four percent

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Speaker 1: at the close.

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Speaker 4: Yeah, that was a lot and again, nothing definitive done yet,

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Speaker 4: but it's a reminder that the president might roll back

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Speaker 4: or change his mind on some things, and there might

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Speaker 4: be those carve outs Apple. Let's talk about Apple. Speaking

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Speaker 4: of carve outs, they probably had a good weekend. We've

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Speaker 4: talked about this to.

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Speaker 3: No maybe yeah, but was it like a weekend of

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Speaker 3: working And you're like, wait a second, is it an exemption?

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Speaker 3: Is it going to be sectoral tariff?

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Speaker 4: Maybe it's half a second.

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Speaker 3: There's going to be hard at work. I'm sure. Yeah,

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Speaker 3: it's a good point, Washington. I don't know what do you?

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Speaker 1: Yeah, I mean, that's exactly it, right, It's it's kind

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Speaker 1: of I guess it's temporary relief, but also a lot

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Speaker 1: of questions, right, like what does this mean? How long

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Speaker 1: are the the car routes and exempants are going to

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Speaker 1: be for I mean, at least for today. Investors were

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Speaker 1: taking the Apple related news, which is a potential exclusion

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Speaker 1: for consumer electronics as well, which is basically Apple's business.

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Speaker 1: That's a positive for investors today. We saw Apple shares

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Speaker 1: of more than two percent at the close, and of

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Speaker 1: course we had President Donald Trump name checking Tim Cook

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Speaker 1: personally saying that quote he helped him cook recently and

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Speaker 1: in that whole business, and so you know, it just

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Speaker 1: goes to show I think there's still a lot of

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Speaker 1: uncertainty to be had here terrace, very much still in

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Speaker 1: didriversy when it comes to moving markets, and it just depends.

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Speaker 1: You know, today's an update. Who knows tomorrow might be

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Speaker 1: a downdate.

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Speaker 4: Yeah, And I will say quite a swing for Apple

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Speaker 4: even in today's session, right, and its highes up about

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Speaker 4: seven and a half percent, stayed in the green all day,

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Speaker 4: but just finishing with a gain of just a little

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Speaker 4: bit more than two percent, So not as enthusiastic by

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Speaker 4: the end of the day. And we saw that kind

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Speaker 4: of in the overall trade, right, some enthusiasm out of

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Speaker 4: the gate today, but very different by the close. Still gains,

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Speaker 4: but not as enthusiastic earlier in the session. Yeah, Tech,

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Speaker 4: we did. We just talked tech, more tech.

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Speaker 3: More big tech. You've heard of big tech. Now let's

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Speaker 3: go to well, I think actually Apple is actually bigger yea,

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Speaker 3: let's talk more at tech.

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Speaker 1: Staying with big tech meta, yeah, I mean that's that's

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Speaker 1: a stock that's not having a good day today, right,

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Speaker 1: and it's primarily due to their regulatory troubles. The FTC

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Speaker 1: is indeed pushing ahead with that anti trust trial, Mark

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Speaker 1: Zuckerberg taking the stand, And what's the sake here is,

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Speaker 1: of course forty four percent of Meta's twenty twenty two

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Speaker 1: revenue because of Essentially the case is that some of

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Speaker 1: the acquisitions that Meta has made in the past the

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Speaker 1: last few years pretty much to neutralize its rivals.

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Speaker 4: At least that's the case that the FTC is making.

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Speaker 1: But our own Blue reear intelligence analysts saying that the

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Speaker 1: edge is slightly with Meta here in terms of beating

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Speaker 1: that case because they are good at the FTC will

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Speaker 1: have an uph hill climb in proving that those acquasositions

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Speaker 1: were indeed violating anti dress laws.

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Speaker 4: But got Mark Zuckerberg testifying.

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Speaker 3: Sandberg is coming up thinking as she's reprising her role.

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Speaker 4: Yeah, she's back, and you just wonder like, who's next

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Speaker 4: in terms of big tech depending on how this one plays.

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Speaker 3: Ast Yes, Sarah Friar, We spoke to her earlier. She said, Look,

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Speaker 3: you've got a company like Alphabet with its acquisition of YouTube,

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Speaker 3: so trying to figure that out.

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Speaker 4: People might be.

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Speaker 3: Looking at that.

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Speaker 4: Can I go back to Apple for a moment. Absolutely,

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Speaker 4: do you know from its high to its lows? I know,

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Speaker 4: I'm just going to do it. I know, I've got

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Speaker 4: kind of that Monday brain. So the high was back

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Speaker 4: in late December twenty twenty four last year, and the

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Speaker 4: low we hit in April early April, no surprise, April eighth,

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Speaker 4: down thirty three percent in that timeframe. Am I messing

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Speaker 4: something up? I don't think I'm.

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Speaker 3: Gonna double check your work. Thirty three point three six

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Speaker 3: percent Carol Masters correct.

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Speaker 4: Yeah, that's amazing. A third haircut.

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Speaker 3: Yeah, that's what.

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Speaker 4: It's just sorry, I'm just trying to get my head

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Speaker 4: around that.

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Speaker 3: For Apple, it's still down roughly twenty percent from those

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Speaker 3: all time highs, even with the bounce that we've seen.

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Speaker 4: This is what we do. For see, we get lost

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Speaker 4: in playing in the Bloomberg terminal as well.

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Speaker 1: I mean, the Bloomberg terminal is a treasure. Trouble all

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Speaker 1: these fun facts, Why don't blame you?

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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.