1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:17,400 Speaker 3: I want to take a look at some of the 5 00:00:17,400 --> 00:00:19,560 Speaker 3: stocks on the move. Alex Stee alongside John Tucker. We're 6 00:00:19,640 --> 00:00:22,959 Speaker 3: joined by Bloomberg's Christine Aquino. So let's kick it off 7 00:00:23,320 --> 00:00:25,799 Speaker 3: with what you're watching. Apple, Let's dig more into it. 8 00:00:25,880 --> 00:00:28,920 Speaker 1: Yeah, yeah, we absolutely have to dig into Apple. Alex again, 9 00:00:28,960 --> 00:00:31,760 Speaker 1: as you mentioned, shares down over two percent at the moment. 10 00:00:31,880 --> 00:00:34,159 Speaker 1: That's actually peering some of those pre market losses. We 11 00:00:34,200 --> 00:00:37,000 Speaker 1: saw those shares sink as much as four percent before 12 00:00:37,200 --> 00:00:40,120 Speaker 1: the cash open. And as we all know, the Apple 13 00:00:40,240 --> 00:00:43,199 Speaker 1: stocks are of course at the forefront of the latest 14 00:00:43,280 --> 00:00:46,040 Speaker 1: tear threat from President Donald Trump. He threatened a twenty 15 00:00:46,040 --> 00:00:48,800 Speaker 1: five percent levy on the company if it failed to 16 00:00:48,840 --> 00:00:52,640 Speaker 1: move iPhone production and manufacturing to the US. Now, of 17 00:00:52,680 --> 00:00:55,760 Speaker 1: course we have bloomerg Intelligence analysts of crunching the numbers. 18 00:00:56,040 --> 00:00:58,760 Speaker 1: Is that even possible? What does that mean? And they 19 00:00:59,200 --> 00:01:01,880 Speaker 1: estimate that the immediate impact is going to be a 20 00:01:01,920 --> 00:01:05,360 Speaker 1: three hundred through three hundred and fifty basis point cut 21 00:01:05,400 --> 00:01:08,319 Speaker 1: to their their gross margin for fiscal twenty twenty six, 22 00:01:08,520 --> 00:01:11,160 Speaker 1: and we have analysts at Webbush also estimating that if 23 00:01:11,240 --> 00:01:14,920 Speaker 1: this happens, then that would translate into iPhone prices of 24 00:01:15,520 --> 00:01:18,479 Speaker 1: hold on to your seats thirty five hundred dollars thirty five. 25 00:01:18,440 --> 00:01:22,000 Speaker 4: Hundred, essentially building it overseas as a labor arbitrage. Now 26 00:01:22,160 --> 00:01:24,959 Speaker 4: they got a timut they got to pass in twenty 27 00:01:25,120 --> 00:01:28,440 Speaker 4: with the first round of tariffs and Trump one point zero. 28 00:01:29,319 --> 00:01:31,880 Speaker 4: What has changed in the relationship between Donald Trump and 29 00:01:31,920 --> 00:01:32,840 Speaker 4: Tim Cook? Do we know? 30 00:01:33,600 --> 00:01:37,119 Speaker 1: Well, we don't really have reporting on that, John, but yeah, 31 00:01:37,160 --> 00:01:40,440 Speaker 1: you can imagine there's probably something that has happened or 32 00:01:40,560 --> 00:01:40,959 Speaker 1: is happening. 33 00:01:41,000 --> 00:01:44,360 Speaker 3: He's not building it here, Yeah, I mean in the story, right. 34 00:01:44,959 --> 00:01:47,640 Speaker 4: But can they build it here? My point is they can't. 35 00:01:47,720 --> 00:01:50,240 Speaker 1: No, absurd I think it's all to pay thirty five 36 00:01:50,320 --> 00:01:54,080 Speaker 1: hundred dollars for your iphonest Rich would can't. 37 00:01:54,160 --> 00:01:57,640 Speaker 3: I would definitely would not, you know what, Paul Sweeney, No, 38 00:01:57,720 --> 00:02:00,280 Speaker 3: I'm just kidding. No, actually, I'm not kidding. Okay, So 39 00:02:00,320 --> 00:02:02,200 Speaker 3: that's one sack you're watching when just Apple, We're gonna 40 00:02:02,200 --> 00:02:04,000 Speaker 3: talk about that in a segment with Honora. Let's go 41 00:02:04,040 --> 00:02:07,760 Speaker 3: to Deckers. So that was a tough earnings report yesterday. 42 00:02:07,520 --> 00:02:09,520 Speaker 1: Very very tough, Alex, and we're seeing that in the 43 00:02:09,600 --> 00:02:13,000 Speaker 1: shares today down more than twenty one percent at the moment. 44 00:02:13,240 --> 00:02:16,320 Speaker 1: So we know Deckers owns ug Boots, hook are running shoes, 45 00:02:16,360 --> 00:02:20,079 Speaker 1: and as you mentioned, they're provided disappointing fiscal first port 46 00:02:20,120 --> 00:02:22,040 Speaker 1: or forecast. Now we have a slew of firms this 47 00:02:22,120 --> 00:02:24,760 Speaker 1: morning cutting their price target for the shares, and we 48 00:02:24,800 --> 00:02:28,480 Speaker 1: also have management declining to provide full year guidance because 49 00:02:28,520 --> 00:02:32,280 Speaker 1: of macro uncertainty related to evolving global trade policy. So 50 00:02:32,320 --> 00:02:36,079 Speaker 1: that's even dru this morning, I'm sure. So yeah, and Ugboots, 51 00:02:36,120 --> 00:02:38,639 Speaker 1: I guess are out. I don't really know. I never 52 00:02:38,840 --> 00:02:39,799 Speaker 1: got into the person. 53 00:02:39,919 --> 00:02:40,960 Speaker 3: Un you what do you think? 54 00:02:41,240 --> 00:02:44,440 Speaker 4: What really that's a legitimate question. 55 00:02:44,560 --> 00:02:47,880 Speaker 3: Oh, I feel like you know you know what ugboots are, right, Yes, 56 00:02:48,000 --> 00:02:48,960 Speaker 3: I have paid. 57 00:02:48,720 --> 00:02:50,640 Speaker 4: For them for other members of the family. 58 00:02:50,840 --> 00:02:51,840 Speaker 3: Okay, So I don't know. 59 00:02:52,320 --> 00:02:54,120 Speaker 1: You're not an aficionado yourself. 60 00:02:54,400 --> 00:02:56,359 Speaker 3: He's like two pairs of shoes, that's great. 61 00:02:56,480 --> 00:02:58,440 Speaker 4: I have two pair of shoes, pair sneakers and a 62 00:02:58,440 --> 00:02:59,160 Speaker 4: pair of dress shoes. 63 00:02:59,200 --> 00:03:01,320 Speaker 3: Because he said this, make it. I always actually said 64 00:03:01,360 --> 00:03:04,040 Speaker 3: this before. Okay, and let's round it out quickly with 65 00:03:04,120 --> 00:03:04,640 Speaker 3: into It. 66 00:03:04,840 --> 00:03:05,359 Speaker 2: Into It. 67 00:03:05,520 --> 00:03:08,000 Speaker 1: Okay, that is a sock that is gaining this morning, 68 00:03:08,040 --> 00:03:10,320 Speaker 1: one of the few up more than eight percent at 69 00:03:10,360 --> 00:03:13,520 Speaker 1: the moment. Tax preparation software company we probably all know 70 00:03:13,600 --> 00:03:17,440 Speaker 1: it well, reported third quarter results that beat expectations and 71 00:03:17,720 --> 00:03:20,160 Speaker 1: raised it's full your forecast as well. A lot of 72 00:03:20,200 --> 00:03:23,840 Speaker 1: animals is very excited about their AI fueled innovation that 73 00:03:23,919 --> 00:03:26,240 Speaker 1: will be launching in a coming week. So that's still 74 00:03:26,400 --> 00:03:30,799 Speaker 1: you know, leveraging off of that AI mega trade, right 75 00:03:30,840 --> 00:03:34,120 Speaker 1: and so into it applying that technology to their tax 76 00:03:34,160 --> 00:03:38,360 Speaker 1: preparation capabilities. Definitely positive for a lot of people in 77 00:03:38,360 --> 00:03:38,760 Speaker 1: the market. 78 00:03:39,360 --> 00:03:43,360 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 79 00:03:43,480 --> 00:03:46,040 Speaker 2: us throughout the day for the latest roundup of companies 80 00:03:46,120 --> 00:03:49,200 Speaker 2: making news on Wall Street and for the latest market 81 00:03:49,240 --> 00:03:53,720 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 82 00:03:53,800 --> 00:03:57,280 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 83 00:03:57,360 --> 00:03:58,840 Speaker 2: the Bloomberg Business app.