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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.

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Speaker 3: Data, take a look at some of the stocks on

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Speaker 3: the move today. We're joined by Bloomberg with Isabelle Lee

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Speaker 3: of Bloomberg Cross Asset Reporter.

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Speaker 4: Let's kick it off again with Apple here.

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Speaker 1: So for Apple, it's not moving crazy, it's still edging

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Speaker 1: lower by two and a half percent. So Apple's price

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Speaker 1: target was cut from three twenty five to two point

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Speaker 1: fifty by Webbush. So webbushdims, as we know, is one

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Speaker 1: of the biggest tech poles. His cites of Trump administration's

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Speaker 1: tireff policies basically, and he said the economic armageddon unleashed

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Speaker 1: by this will be a complete disaster for Apple, who

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Speaker 1: really has a massive production in China. I may recall

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Speaker 1: that the current tariffs slates China at around fifty four percent,

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Speaker 1: Taiwan around thirty two percent. So it also produces and

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Speaker 1: manufactures some stuff in a lot of those Asian nations,

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Speaker 1: and the two will be devastating for Apple. It's cost structure,

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Speaker 1: consumer demand. But he still has an outperform rating. So

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Speaker 1: there is that silver lining.

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Speaker 5: Okay, I mean he's he is the permeable, but so

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Speaker 5: he's certainly reflecting. I mean, if we follow his social media,

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Speaker 5: he's been calling out this for a long time here

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Speaker 5: and calling out Elon Musk for using this his focus

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Speaker 5: on Tesla now on these tariffs and the impact on

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Speaker 5: certain companies like Apple.

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Speaker 3: But I guess my question is too, like, at least

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Speaker 3: for here, like it's passed through to your phone bill, right,

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Speaker 3: so it's like if it goes of one hundred bucks, like,

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Speaker 3: are you going to feel it?

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Speaker 5: I think a lot of people will.

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Speaker 3: I mean, if you're already paying thirteen hundred dollars for

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Speaker 3: a phone.

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Speaker 4: I mean, I don't know.

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Speaker 1: I see your point, but I think maybe if you're

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Speaker 1: here in America, maybe not. But in China where the

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Speaker 1: competition from the local brands, maybe that makes a huge difference.

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Speaker 3: Absolutely, When it's not done through your carrier, it's a

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Speaker 3: different set up exactly. All right, Let's go to Dollar

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Speaker 3: Tree now, different story, different story.

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Speaker 1: Because this is one of the companies that will maybe

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Speaker 1: benefit from this whole tire war City turn bullish. They

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Speaker 1: anticipate that the tariffs will generally be positive for the retailer.

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Speaker 1: They raise Dollar Tree buy from neutral to buy and

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Speaker 1: they say that you know, they have the coverage to

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Speaker 1: increase their base price. If you're already selling a one

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Speaker 1: dollar what's what's one twenty five, one fifty or one

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Speaker 1: seventy five?

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Speaker 4: And they really don't sell it one dollars But your

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Speaker 4: point is still take it. I get it.

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Speaker 1: And then they said that consumers will be accepting up

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Speaker 1: this change. And also, I mean with this inflation, consumers

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Speaker 1: will be trending lower. So will it be expecting more

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Speaker 1: footprint maybe the Dollar Tree stores.

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Speaker 5: That's one of the pushbacks from folks on TERRAF so

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Speaker 5: that they are not only a tax if you believe that,

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Speaker 5: as some congress do, but a regressive tax i. It

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Speaker 5: impacts the lower income folks more. And is that what

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Speaker 5: you really want? So some challenges there for sure.

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Speaker 4: Yeah, I'm gonna talk about the recovery out of it.

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Speaker 3: Is it K shaped right, which is what we talked

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Speaker 3: about lot during the pandemic, which get rich or poor

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Speaker 3: get poor at the end of the day, and you

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Speaker 3: have that divergence.

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Speaker 4: Let's wrap it up with micro strategy.

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Speaker 1: Micro strategy down by around five and a half percent,

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Speaker 1: so they paired back some of those losses. But basically

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Speaker 1: they said they will register an unrealized five point nine

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Speaker 1: billion loss in the first quarter, and that's after adopting

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Speaker 1: this accounting change. So the company's holdings of bitcoin is

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Speaker 1: around forty one billion and it dropped five billion because

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Speaker 1: of bitcoin's twelve percent drop. So they waited until this quarter,

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Speaker 1: the first quarter, rather to adopt the accounting change, and

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Speaker 1: prior to that they were classifying bitcoin as an intangible

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Speaker 1: asset similar to a trademark. So this one is probably

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Speaker 1: for the better, but still investors aren't liking it.

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

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Speaker 2: us throughout today for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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