Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg.
Speaker 3: Data, take a look at some of the stocks on
Speaker 3: the move today. We're joined by Bloomberg with Isabelle Lee
Speaker 3: of Bloomberg Cross Asset Reporter.
Speaker 4: Let's kick it off again with Apple here.
Speaker 1: So for Apple, it's not moving crazy, it's still edging
Speaker 1: lower by two and a half percent. So Apple's price
Speaker 1: target was cut from three twenty five to two point
Speaker 1: fifty by Webbush. So webbushdims, as we know, is one
Speaker 1: of the biggest tech poles. His cites of Trump administration's
Speaker 1: tireff policies basically, and he said the economic armageddon unleashed
Speaker 1: by this will be a complete disaster for Apple, who
Speaker 1: really has a massive production in China. I may recall
Speaker 1: that the current tariffs slates China at around fifty four percent,
Speaker 1: Taiwan around thirty two percent. So it also produces and
Speaker 1: manufactures some stuff in a lot of those Asian nations,
Speaker 1: and the two will be devastating for Apple. It's cost structure,
Speaker 1: consumer demand. But he still has an outperform rating. So
Speaker 1: there is that silver lining.
Speaker 5: Okay, I mean he's he is the permeable, but so
Speaker 5: he's certainly reflecting. I mean, if we follow his social media,
Speaker 5: he's been calling out this for a long time here
Speaker 5: and calling out Elon Musk for using this his focus
Speaker 5: on Tesla now on these tariffs and the impact on
Speaker 5: certain companies like Apple.
Speaker 3: But I guess my question is too, like, at least
Speaker 3: for here, like it's passed through to your phone bill, right,
Speaker 3: so it's like if it goes of one hundred bucks, like,
Speaker 3: are you going to feel it?
Speaker 5: I think a lot of people will.
Speaker 3: I mean, if you're already paying thirteen hundred dollars for
Speaker 3: a phone.
Speaker 4: I mean, I don't know.
Speaker 1: I see your point, but I think maybe if you're
Speaker 1: here in America, maybe not. But in China where the
Speaker 1: competition from the local brands, maybe that makes a huge difference.
Speaker 3: Absolutely, When it's not done through your carrier, it's a
Speaker 3: different set up exactly. All right, Let's go to Dollar
Speaker 3: Tree now, different story, different story.
Speaker 1: Because this is one of the companies that will maybe
Speaker 1: benefit from this whole tire war City turn bullish. They
Speaker 1: anticipate that the tariffs will generally be positive for the retailer.
Speaker 1: They raise Dollar Tree buy from neutral to buy and
Speaker 1: they say that you know, they have the coverage to
Speaker 1: increase their base price. If you're already selling a one
Speaker 1: dollar what's what's one twenty five, one fifty or one
Speaker 1: seventy five?
Speaker 4: And they really don't sell it one dollars But your
Speaker 4: point is still take it. I get it.
Speaker 1: And then they said that consumers will be accepting up
Speaker 1: this change. And also, I mean with this inflation, consumers
Speaker 1: will be trending lower. So will it be expecting more
Speaker 1: footprint maybe the Dollar Tree stores.
Speaker 5: That's one of the pushbacks from folks on TERRAF so
Speaker 5: that they are not only a tax if you believe that,
Speaker 5: as some congress do, but a regressive tax i. It
Speaker 5: impacts the lower income folks more. And is that what
Speaker 5: you really want? So some challenges there for sure.
Speaker 4: Yeah, I'm gonna talk about the recovery out of it.
Speaker 3: Is it K shaped right, which is what we talked
Speaker 3: about lot during the pandemic, which get rich or poor
Speaker 3: get poor at the end of the day, and you
Speaker 3: have that divergence.
Speaker 4: Let's wrap it up with micro strategy.
Speaker 1: Micro strategy down by around five and a half percent,
Speaker 1: so they paired back some of those losses. But basically
Speaker 1: they said they will register an unrealized five point nine
Speaker 1: billion loss in the first quarter, and that's after adopting
Speaker 1: this accounting change. So the company's holdings of bitcoin is
Speaker 1: around forty one billion and it dropped five billion because
Speaker 1: of bitcoin's twelve percent drop. So they waited until this quarter,
Speaker 1: the first quarter, rather to adopt the accounting change, and
Speaker 1: prior to that they were classifying bitcoin as an intangible
Speaker 1: asset similar to a trademark. So this one is probably
Speaker 1: for the better, but still investors aren't liking it.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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