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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 1: Let's take a look at some stocks on the move today.

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Speaker 1: We are joined by Bloomberg's Daniel Curtis. Daniel, good morning.

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Speaker 1: It is getting even harder to find green on the

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Speaker 1: screen now that China has announced retaliatory measures against President

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Speaker 1: Trump's tariffs. What's got your eye this morning?

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Speaker 3: Yeah, it's a sea of read out there this morning

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Speaker 3: in the pre market, particularly Ali Baba. It's a Chinese

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Speaker 3: e commerce company really getting caught up in this tip

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Speaker 3: for tat that we're seeing between the China and the US.

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Speaker 3: As you know, China announces the extra thirty four percent

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Speaker 3: tariffs on US goods. Stock is down nearly nine percent

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Speaker 3: just in the pre market this morning. It's you know,

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Speaker 3: it's not the only one. Amazon two down six percent.

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Speaker 3: These retailers which roll a law on shipping cross borders

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Speaker 3: goods really taking the brunt of the sell off here

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Speaker 3: in the pre market. Ali Bob in particular, had had

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Speaker 3: benefited from a renaissance in Chinese tech yesterday is up

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Speaker 3: fifty percent on the year, those games quickly coming in.

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Speaker 1: Now, we've seen Apple get hit particularly hard yesterday with

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Speaker 1: its exposure to some production lines in Vietnam and Indonesia,

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Speaker 1: with the tariffs rising particularly high there, and it looks

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Speaker 1: like the pain for Apple investors is continuing this morning

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Speaker 1: as well.

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Speaker 3: It is. Yeah, So yesterday Apple lost over three hundred

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Speaker 3: billion dollars in value, which was the second largest loss

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Speaker 3: for any company ever and as you mentioned, that continuing

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Speaker 3: today right now. Ticker AAPL down over four percent in

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Speaker 3: the morning. And as you mentioned, they tried to pivot

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Speaker 3: away from relying on China for production. They moved to

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Speaker 3: a lot of other countries India, Vietnam, Malaysia, all of

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Speaker 3: those countries are facing higher tariffs. So as we get

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Speaker 3: closer to the April ninth deadline, if we get more

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Speaker 3: escalation in tariffs as we've seen with China, there's definitely

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Speaker 3: a lot of worry here that Apple could get hit

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Speaker 3: even more on its expensive phones.

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Speaker 1: And while we continue to watch the fallout from this

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Speaker 1: Chinese retaliation, how are automakers doing now that the auto

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Speaker 1: tariffs have kicked in as well?

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Speaker 3: Yeah, they're not doing well. As mentioned, you know, many times,

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Speaker 3: all the automakers they have close ties with Mexico. With Canada,

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Speaker 3: Stalants in particular is down really hard this morning. St

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Speaker 3: LA down seven percent this morning. Yesterday we found out

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Speaker 3: late yesterday we found out six thousand workers in Canada's

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Speaker 3: auto sector are going to be laid off for a

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Speaker 3: short time. Majority of that comes from Stilantis, so that's

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Speaker 3: the car company behind Chrysler, Dodge, Jeep and Ram trucks.

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Speaker 3: We've also had reports that Stalantis is going to lay

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Speaker 3: off nine hundred US workers temporarily as it figures out.

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Speaker 3: You know, the tariff war between the Canada between the US.

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Speaker 3: Canada in particular is looking at twenty five percent retality

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Speaker 3: retaliatory duty on US made vehicles. So the auto sector

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Speaker 3: in particular is really getting singled out in this trade battle.

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Speaker 2: Now.

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Speaker 1: In our last thirty seconds, Daniel, I see Nordstroms on

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Speaker 1: your list, not necessarily because of tariffs, but because of

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Speaker 1: an analyst downgrade.

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Speaker 3: It got downgraded from City. It's been doing relatively well.

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Speaker 3: There's a pending takeover deal at twenty four to twenty

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Speaker 3: five from the Nordstrom family, so it's been relatively sheltered.

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Speaker 3: City has mentioned that with all this trade changes, there's

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Speaker 3: a good chance that this deal may fall apart. So

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Speaker 3: while the upside is about one maybe two percent, the

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Speaker 3: downside could be as much as thirty percent if this

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Speaker 3: deal doesn't happen.

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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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