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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's get to you some of the stocks on the

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Speaker 3: move back with us is Natalia kenny Jovic. She's Bloomberg

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Speaker 3: News Equities reporter and she's here in studios. So we

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Speaker 3: talked about Apple. It's kind of a standout for US today.

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Speaker 4: It's rallying.

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Speaker 5: It is. The stock is currently up by four percent,

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Speaker 5: but still down almost eighteen percent on a year today. Basis,

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Speaker 5: of course, this jump follows Donald Trump's administration exemption on smartphones.

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Speaker 5: Computers are The electronics exemption overall covers about four hundred

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Speaker 5: billion of US imports. This is based on twenty twenty

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Speaker 5: four trading data, and almost one hundred billion comes from China.

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Speaker 5: This is according to our China Reso Center. Of course,

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Speaker 5: the biggest category out of China is smartphones. The US

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Speaker 5: imported last year about nine percent of smartphones across all

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Speaker 5: imports from China, so we do see that, yes.

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Speaker 4: At least for now.

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Speaker 5: This is a relief for the company and of course

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Speaker 5: for US consumers as well, and a separate report from

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Speaker 5: industry tracker IDC shows that Apple increased shipments of iPhones.

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Speaker 5: The company is of course preparing for tariffs, and this

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Speaker 5: is not because of a huge demand. This is also

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Speaker 5: a stockpiling increase in inventories. But again the bigger question is,

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Speaker 5: of course global supply chain. How much India can potentially

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Speaker 5: also handle production of iPhones.

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Speaker 1: The stock is still down about twenty plus percent from

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Speaker 1: all time highs back in December.

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Speaker 3: We call that a bear market, is it?

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Speaker 4: Yeah? Oh it is, but yeah, I'm just curious.

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Speaker 1: I mean, it's just the bump that we're seeing today

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Speaker 1: doesn't even take us back to that were last seeing

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Speaker 1: pre the president's announcement of those reciprocal tariffs.

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Speaker 4: With the formula and.

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Speaker 5: Everything exactly, it can take longer time. And what is

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Speaker 5: interesting is that even if we look at flows across

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Speaker 5: different investors, we did see the retail traders, they kept

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Speaker 5: piling into big tech names. Demand was really huge last week,

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Speaker 5: even before this ninety day paws and teriffs. And what

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Speaker 5: is interesting, even that demand wasn't enough big enough to

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Speaker 5: offset some of those lolls and big tex Shuares.

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Speaker 4: Burrito or ritable.

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Speaker 3: I am a burrita ball.

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Speaker 4: Okay, Yeah, she's a breatable person.

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Speaker 2: I'm a quack person.

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Speaker 4: Okay, black is extra. Guack is extra. We're talking, of

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Speaker 4: course about Chipole.

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Speaker 5: Yes, I don't know if you guys tried this Chipotle

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Speaker 5: honey Chicken.

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Speaker 4: No, I haven't tried it yet. This is like moving

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Speaker 4: the stock to some extent.

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Speaker 5: So we saw that RBC Capital Analysts downgraded the stop

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Speaker 5: price to sixty five from seventy dollars. They kept outperformed reading.

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Speaker 5: But one of the reasons for that is they keep tracking.

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Speaker 5: They track demand for different products. One of them is

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Speaker 5: this Chipotle honey Chicken. The company introduced it in early March.

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Speaker 5: Bloomberg Intelligence is also saying that this is one of

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Speaker 5: the best performing UH initiatives like offerings from Chipotle. But

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Speaker 5: now RBC is saying the demand is getting a little

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Speaker 5: bit softer. Lots of expectations with exever, honey checking, Kenny eat.

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Speaker 5: I don't know, but that it looks like it was

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Speaker 5: so much chey checking chicken.

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Speaker 4: Can you eat? I could eat a lot, but I

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Speaker 4: haven't had it, so I actually don't know.

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Speaker 1: I just the regular, the regular checking guy when it

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Speaker 1: comes to Chippotle.

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Speaker 4: Yeah, that's it.

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Speaker 5: Yeah, I'm a vegitator, so don't out on me. But overall,

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Speaker 5: b I was saying that, yes, some headwinds for the

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Speaker 5: company included colder than expected weather in January, but this

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Speaker 5: initiative was one of those that had potential to offset

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Speaker 5: the headband. So we'll see how this plays out. Earnings

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Speaker 5: are soon.

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Speaker 3: And the stock, like a lot of stocks today, we've

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Speaker 3: seen it higher in today's session, a little bit lower

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Speaker 3: as we speak. Stock's down almost twenty percent for the year,

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Speaker 3: though down about eighteen percent year to day. We know

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Speaker 3: they're you know, they left their Brian Nicol left new

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Speaker 3: CEO or you know, it's like new management.

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Speaker 4: Yeah, they're figuring things out. I want to talk airplanes.

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Speaker 4: You just I beat me.

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Speaker 3: I want to order CMG.

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Speaker 1: Oh I was actually I was actually sitting and I

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Speaker 1: beat it the whole group because maybe someone would order

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Speaker 1: CMGA for the whole group.

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Speaker 4: All right, that's the tacker for Chipotle. Let's talk Southwest.

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Speaker 5: Southwest was downgraded at Benko of America and city companies

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Speaker 5: are saying that of course, it comes after Delta and

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Speaker 5: other airlines send some warning signs for the industry for

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Speaker 5: global demand for US demand for travel, so we will

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Speaker 5: see Earnings are also on April twenty fourth, We'll see

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Speaker 5: how this plays out.

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Speaker 2: The Stock Movers podcast from bloom Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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