1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:13,680 --> 00:00:17,480 Speaker 1: Harnessing the power of Bloomberg data. Let's take a look 4 00:00:17,480 --> 00:00:19,280 Speaker 1: at stocks on the move today. 5 00:00:19,640 --> 00:00:23,479 Speaker 2: I'm Tom Keen, dat incessor in for Boss Sweeny and 6 00:00:23,640 --> 00:00:27,400 Speaker 2: joining us. Lisa Matteo without breakfast in her mouth. She's 7 00:00:27,440 --> 00:00:29,400 Speaker 2: ready to go. I am ready to go. Okay, and 8 00:00:29,480 --> 00:00:31,440 Speaker 2: you nail it. Yeah. We're starting with Apple because there's 9 00:00:31,440 --> 00:00:33,960 Speaker 2: shares I've been down as much as four percent, you know, 10 00:00:34,000 --> 00:00:36,800 Speaker 2: at the bombshell warning from President Donald Trump, who threatened 11 00:00:36,800 --> 00:00:39,800 Speaker 2: twenty five percent arris on the company if iPhones are 12 00:00:39,840 --> 00:00:42,519 Speaker 2: not made here in the US. So in the post, 13 00:00:42,600 --> 00:00:45,000 Speaker 2: he said that he's told him Cook that he expects 14 00:00:45,000 --> 00:00:48,120 Speaker 2: our iPhones to be manufactured, built in the US, not India, 15 00:00:48,280 --> 00:00:51,440 Speaker 2: not anywhere else. If you remember, earlier this month, Cook 16 00:00:51,600 --> 00:00:53,880 Speaker 2: was told to stop building plants in India, where he 17 00:00:53,960 --> 00:00:57,480 Speaker 2: was trying to shift production from China, and President Trump said, 18 00:00:57,520 --> 00:01:00,680 Speaker 2: focus on the US. So, as you know, Apple does 19 00:01:00,680 --> 00:01:03,200 Speaker 2: supply chain for the iPhones. They've been mainly focused on 20 00:01:03,280 --> 00:01:05,640 Speaker 2: China for years. Apple's really been front and center a 21 00:01:05,680 --> 00:01:08,280 Speaker 2: frequent target for President Trump is pushed to bring more 22 00:01:08,319 --> 00:01:12,440 Speaker 2: manufacturing jobs to the US. Apple it did promise to 23 00:01:12,520 --> 00:01:15,160 Speaker 2: hire more workers, right, It did pledge to spend billions 24 00:01:15,160 --> 00:01:17,800 Speaker 2: domestically over the next four years. Okay, we go to 25 00:01:17,880 --> 00:01:20,640 Speaker 2: retail because that was a focus, a big focus yesterday too. 26 00:01:20,840 --> 00:01:24,199 Speaker 2: Deckers Outdoor. They're the owner of the Hoka running shoes, 27 00:01:24,240 --> 00:01:26,520 Speaker 2: the UG boots. They're in your closets, you know them. 28 00:01:27,000 --> 00:01:30,559 Speaker 2: Shares have been down as much as eighteen percent disappointing 29 00:01:30,600 --> 00:01:33,720 Speaker 2: first quarter forecasts. Company declined they didn't want to provide 30 00:01:33,720 --> 00:01:37,240 Speaker 2: full year guidance. It's not just Deckers though, right here. 31 00:01:37,319 --> 00:01:40,360 Speaker 2: A lot of companies, Nike, you know, talking about it too, 32 00:01:40,480 --> 00:01:44,319 Speaker 2: because of tariffs, how they make their products. Deckers about 33 00:01:44,720 --> 00:01:47,120 Speaker 2: less than five percent of the production comes from China 34 00:01:47,160 --> 00:01:49,200 Speaker 2: other than Vietnam. Quick clear, we have to go to 35 00:01:49,240 --> 00:01:53,840 Speaker 2: the Damien SASA or household record number of ugs within 36 00:01:53,880 --> 00:01:56,800 Speaker 2: the interior square footage? What is it? One pair of 37 00:01:56,840 --> 00:01:59,160 Speaker 2: months is sort of typically what comes to downuse. 38 00:01:59,280 --> 00:02:04,440 Speaker 1: I love my slippers, I wear them, always do, and 39 00:02:04,480 --> 00:02:06,880 Speaker 1: I prefer the tan little beige colored and then the 40 00:02:06,960 --> 00:02:08,760 Speaker 1: navy blue. Just if anyone's. 41 00:02:08,480 --> 00:02:10,240 Speaker 2: Listening, are you wearing burket stocks as well. 42 00:02:10,360 --> 00:02:12,359 Speaker 1: I don't wear burkingstocks now too much. 43 00:02:12,560 --> 00:02:15,079 Speaker 2: I don't even have the ugues. 44 00:02:14,440 --> 00:02:16,519 Speaker 1: New petsug slippers. 45 00:02:16,760 --> 00:02:22,880 Speaker 2: Why I get the Honka running shoes. We'll stick with retail. 46 00:02:22,919 --> 00:02:25,359 Speaker 2: You will go to raw stores. They're the discount retailers 47 00:02:25,360 --> 00:02:27,760 Speaker 2: where you find all, you know, the cheap stuff. Okay, 48 00:02:27,800 --> 00:02:29,760 Speaker 2: So the shares have been down as much as eleven 49 00:02:29,800 --> 00:02:32,679 Speaker 2: percent before the bell yesterday. It was actually one of 50 00:02:32,720 --> 00:02:34,799 Speaker 2: the worst performing stocks in the S and P five 51 00:02:34,880 --> 00:02:37,840 Speaker 2: hundred index after market, but it pulled his full year 52 00:02:37,880 --> 00:02:41,600 Speaker 2: profit out look. Tariffs the issue here too. Its CFO said, 53 00:02:41,639 --> 00:02:44,560 Speaker 2: you know what, there's just too many unknown variables they 54 00:02:44,600 --> 00:02:47,400 Speaker 2: can't see into the second fiscal half of the year. 55 00:02:48,400 --> 00:02:50,720 Speaker 2: More than half of the inventory originates in China, so 56 00:02:50,760 --> 00:02:54,120 Speaker 2: they have that issue too. It's a Dublin based custom company. 57 00:02:54,120 --> 00:02:56,600 Speaker 2: They're based in Dublin, but they expect terrafilated costs. It 58 00:02:56,639 --> 00:02:59,120 Speaker 2: costs as much as sixteen cents per share in the 59 00:02:59,160 --> 00:03:01,519 Speaker 2: second quarter, so they're being hit with the told of 60 00:03:01,600 --> 00:03:02,359 Speaker 2: tariffs as well. 61 00:03:03,200 --> 00:03:07,440 Speaker 1: The Stockmovers report from Bloomberg Radio. Check back with us 62 00:03:07,480 --> 00:03:10,280 Speaker 1: throughout the day for the latest roundup of companies making 63 00:03:10,360 --> 00:03:13,960 Speaker 1: news on Wall Street and for the latest market moving headlines. 64 00:03:14,200 --> 00:03:18,200 Speaker 1: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 65 00:03:18,240 --> 00:03:21,320 Speaker 1: dot com, and on Applecarplay and Android Auto with the 66 00:03:21,360 --> 00:03:22,720 Speaker 1: Bloomberg Business app.