1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,600 --> 00:00:20,959 Speaker 2: Let us look right now at our stock Movers, and 5 00:00:21,040 --> 00:00:23,680 Speaker 2: of course it's important that we do that, and you 6 00:00:23,680 --> 00:00:26,759 Speaker 2: know understand it's been a wonderful and new successful podcast 7 00:00:27,400 --> 00:00:30,480 Speaker 2: for Lisa Mateo with our Stock Movers. 8 00:00:30,200 --> 00:00:33,000 Speaker 3: And we're doing all companies affected by the tariff announcement. 9 00:00:33,040 --> 00:00:35,680 Speaker 3: I want to start with the tech sector. The biggest 10 00:00:35,720 --> 00:00:38,159 Speaker 3: losers those that source a lot of their products from Asia, 11 00:00:38,440 --> 00:00:41,160 Speaker 3: the new twists reaching thirty I've reached thirty four percent 12 00:00:41,240 --> 00:00:44,120 Speaker 3: for China. Apple a big part of that. It's been 13 00:00:44,159 --> 00:00:47,080 Speaker 3: down as much as seven percent before the bell Now, 14 00:00:47,120 --> 00:00:50,440 Speaker 3: aside from sourcing the products from China, Apple also increasing 15 00:00:50,800 --> 00:00:55,360 Speaker 3: building iPhones AirPods in India that's getting a twenty six 16 00:00:55,400 --> 00:00:58,760 Speaker 3: percent reciprocal tariff. Vietnam, where the company makes like the 17 00:00:58,800 --> 00:01:01,920 Speaker 3: AirPods of iPads. Apple Watch is max they'll be hit 18 00:01:01,960 --> 00:01:04,600 Speaker 3: with a forty six percent tax. So Apple really being 19 00:01:04,680 --> 00:01:07,479 Speaker 3: hit hard this morning. In Vidia, they rely on China 20 00:01:07,520 --> 00:01:10,039 Speaker 3: for AI chip sales. It shares have been down as 21 00:01:10,120 --> 00:01:12,160 Speaker 3: much as six percent, and then you have another big 22 00:01:12,200 --> 00:01:14,560 Speaker 3: sock over Tesla. Of course it's been down more than 23 00:01:14,600 --> 00:01:16,399 Speaker 3: six percent. A lot of that has to do with 24 00:01:16,400 --> 00:01:20,000 Speaker 3: the twenty five percent tariff on US auto imports. But 25 00:01:20,080 --> 00:01:22,520 Speaker 3: what's more, it's those certain auto parts that will be 26 00:01:22,600 --> 00:01:24,680 Speaker 3: hit with a similar levey, and that's no later than 27 00:01:24,720 --> 00:01:28,000 Speaker 3: May third. There's other factors too. You also consider with 28 00:01:28,120 --> 00:01:30,640 Speaker 3: Tesla their sales fell sixty two percent last quarter in 29 00:01:30,680 --> 00:01:32,280 Speaker 3: Germany too, so that's affecting. 30 00:01:32,720 --> 00:01:33,319 Speaker 2: What else do you have? 31 00:01:33,720 --> 00:01:34,880 Speaker 1: You go to the pharmaceuticals. 32 00:01:37,120 --> 00:01:40,080 Speaker 3: I've been trying here. Well, it should have because the 33 00:01:40,080 --> 00:01:44,319 Speaker 3: pharmacceutical sector was spared from these tariffs. But the thing 34 00:01:44,440 --> 00:01:46,720 Speaker 3: is it may not last long because people are saying 35 00:01:46,760 --> 00:01:48,480 Speaker 3: sorcer are saying that the White House plans have lonch 36 00:01:48,520 --> 00:01:52,680 Speaker 3: this investigation into the drug industry other sectors, so that 37 00:01:52,680 --> 00:01:56,680 Speaker 3: could lead to tariffs under the Trade Expansion Act. Now, 38 00:01:56,680 --> 00:01:59,160 Speaker 3: because of that, you have Eli Lilly that was off 39 00:01:59,200 --> 00:02:01,680 Speaker 3: about two percent, and Pfizer was down about two tens 40 00:02:01,680 --> 00:02:03,840 Speaker 3: of a percent. So in reality, they should have been 41 00:02:03,880 --> 00:02:05,720 Speaker 3: a little bit higher. Now they're lower because you know 42 00:02:05,760 --> 00:02:07,920 Speaker 3: what they're saying, Hey, let's not get too crazy and 43 00:02:07,960 --> 00:02:10,080 Speaker 3: happy that we got you know, spare from it for 44 00:02:10,160 --> 00:02:12,040 Speaker 3: now because things could change. 45 00:02:12,720 --> 00:02:13,120 Speaker 2: Is that it? 46 00:02:13,680 --> 00:02:17,280 Speaker 3: Well, there's also footwear apparel that was big. We were 47 00:02:17,280 --> 00:02:20,480 Speaker 3: talking about Nike. Yeah, they make a lot of their 48 00:02:20,520 --> 00:02:23,280 Speaker 3: sneakers in Vietnam. Their shares have been down more than 49 00:02:23,320 --> 00:02:25,760 Speaker 3: eight percent. But it's even not just Nike, it's sneaker 50 00:02:25,800 --> 00:02:30,919 Speaker 3: makers like Adidas, Puma. They increase their alliance Adidas thank you. 51 00:02:31,919 --> 00:02:38,720 Speaker 3: According to Matt Miller, it but factories in Vietnam, Indonesia, right, 52 00:02:38,760 --> 00:02:42,800 Speaker 3: and Vietnam actually the largest supplier of footwear for Nike 53 00:02:43,000 --> 00:02:46,400 Speaker 3: and Adidas. And then when you talk apparel, is Lululemon, right, 54 00:02:46,520 --> 00:02:50,720 Speaker 3: Lulu Lemon, Abercromie and Fitch. I know a lot of 55 00:02:50,720 --> 00:02:52,680 Speaker 3: people are, but they make a big portion of their 56 00:02:52,680 --> 00:02:54,359 Speaker 3: products in Vietnam and Cambodia. 57 00:02:54,560 --> 00:02:56,880 Speaker 2: I got thirty seconds in the stock movers. What's it 58 00:02:57,000 --> 00:02:57,800 Speaker 2: mean for Costco? 59 00:02:57,919 --> 00:03:00,560 Speaker 3: Lisa Mantale, Oh my gosh, that it's the one thing 60 00:03:00,560 --> 00:03:03,000 Speaker 3: I haven't checked our Costco shares. Oh my goodness, the 61 00:03:03,600 --> 00:03:08,720 Speaker 3: soda is still We're not changing that. It asn't no, 62 00:03:08,840 --> 00:03:11,520 Speaker 3: but actually a lot of retailers though you mentioned retail 63 00:03:11,600 --> 00:03:13,959 Speaker 3: like Walmart is down also this morning. Look, Costco down 64 00:03:14,080 --> 00:03:16,959 Speaker 3: about four percent, So there you go. Like the big 65 00:03:17,560 --> 00:03:19,720 Speaker 3: retailers are being affected by this morning. 66 00:03:20,639 --> 00:03:24,760 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 67 00:03:24,840 --> 00:03:27,600 Speaker 1: us throughout the day for the latest roundup of companies 68 00:03:27,639 --> 00:03:30,680 Speaker 1: making news on Wall Street and for the latest market 69 00:03:30,720 --> 00:03:35,120 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:35,120 --> 00:03:38,400 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:38,440 --> 00:03:39,920 Speaker 1: the Bloomberg Business app.