1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,280 --> 00:00:20,360 Speaker 1: Let's take a look. Now, it's some stocks on the 5 00:00:20,440 --> 00:00:24,040 Speaker 1: move today. We're joined by Bloomberg's John Tucker. 6 00:00:24,200 --> 00:00:26,840 Speaker 3: Let's start with the one that has the number one waiting. 7 00:00:27,040 --> 00:00:30,480 Speaker 3: Apple ones among the most active, could be getting a 8 00:00:30,520 --> 00:00:33,479 Speaker 3: boost of consumers try to front run the tariffs. So 9 00:00:33,520 --> 00:00:36,360 Speaker 3: you have employees from different Apple locations across the country. 10 00:00:36,880 --> 00:00:40,559 Speaker 3: They say the stores are filled with customers, with shoppers 11 00:00:40,560 --> 00:00:44,159 Speaker 3: expressing concerns prices are going to climb dramatically after the 12 00:00:44,200 --> 00:00:49,839 Speaker 3: tariffs are imposed. Most Apple, most of the iPhones, Apple's 13 00:00:49,840 --> 00:00:53,680 Speaker 3: best selling most important product, of course, are manufactured in China, 14 00:00:53,840 --> 00:00:56,920 Speaker 3: and China is due for fifty four percent tariffs. One 15 00:00:56,960 --> 00:00:59,960 Speaker 3: employee telling Bloomberg their store was slammed with people panic 16 00:01:00,240 --> 00:01:04,240 Speaker 3: buying phones. Almost every customer asked me if prices were 17 00:01:04,240 --> 00:01:07,520 Speaker 3: going to go up soon, said the worker, who refused 18 00:01:07,520 --> 00:01:10,880 Speaker 3: to be identified. By the way, Apple shares they've dropped 19 00:01:10,920 --> 00:01:14,559 Speaker 3: what nineteen percent since the terrafs were announced last week, 20 00:01:14,720 --> 00:01:17,920 Speaker 3: marking the worst three day stretch for Apple since two 21 00:01:17,959 --> 00:01:21,360 Speaker 3: thousand and one. Take a quick look at crypto stocks. 22 00:01:21,360 --> 00:01:25,560 Speaker 3: They're under pressures as bitcoin was struggling to catch a bid. 23 00:01:25,640 --> 00:01:29,240 Speaker 3: So Morgan Stanley has downgraded Robinhood to equal weight from overweight. 24 00:01:29,680 --> 00:01:32,720 Speaker 3: They have a price target now of forty remember that 25 00:01:32,840 --> 00:01:36,360 Speaker 3: used to be ninety. They're setting concerns the crypto market 26 00:01:36,360 --> 00:01:39,559 Speaker 3: turmoil could weigh on the company's transaction revenue this quarter. 27 00:01:39,880 --> 00:01:43,080 Speaker 3: The slide could also shake investors faith in bitcoin's role 28 00:01:43,120 --> 00:01:48,120 Speaker 3: as a safe haven during times of turbulent advocates they've 29 00:01:48,160 --> 00:01:50,400 Speaker 3: long promoted the token as kind of a hedge against 30 00:01:50,440 --> 00:01:53,520 Speaker 3: both the market volatility and the currency flush. 31 00:01:53,560 --> 00:01:57,680 Speaker 1: Well said there were some outflows, but not mental outflows. 32 00:01:58,640 --> 00:02:04,000 Speaker 3: Also always one of the most active Tesla Joel Levington. 33 00:02:04,080 --> 00:02:06,840 Speaker 3: He's the director of credit research for Blood Brig Intelligence. 34 00:02:07,200 --> 00:02:10,040 Speaker 3: He is writing this morning and this is a quote 35 00:02:10,080 --> 00:02:13,440 Speaker 3: Elon Musk. Pursuit of ambitious and high risk bands such 36 00:02:13,440 --> 00:02:17,040 Speaker 3: as the cyber truck now falling well short of sales goals, 37 00:02:17,120 --> 00:02:20,760 Speaker 3: even with the aggressive police discounts and the elusive robo 38 00:02:20,960 --> 00:02:24,960 Speaker 3: taxi are taking a toll on Tesla's fundamental performance at 39 00:02:24,960 --> 00:02:28,880 Speaker 3: a critical juncture in the auto market. It's long promised 40 00:02:28,840 --> 00:02:32,840 Speaker 3: to lower cost vehicle, the model Q will likely be met, 41 00:02:32,960 --> 00:02:35,840 Speaker 3: and when it does arrive with a weakening brand image, 42 00:02:36,160 --> 00:02:41,320 Speaker 3: a large market of inexpensive used Tesla's likely, fading government 43 00:02:41,320 --> 00:02:45,320 Speaker 3: support for evs and intensifying global competition. 44 00:02:45,760 --> 00:02:47,880 Speaker 1: Mister Musk, I believe, in the last forty eight hours, 45 00:02:47,919 --> 00:02:50,240 Speaker 1: had a meeting with mister Trump of some form phone 46 00:02:50,320 --> 00:02:53,040 Speaker 1: or face to face, don't know, and he basically said, 47 00:02:53,040 --> 00:02:55,440 Speaker 1: I don't agree with the tariffs. Paul, do you just 48 00:02:55,520 --> 00:02:57,480 Speaker 1: assume mister Musk returns to. 49 00:02:57,440 --> 00:02:58,880 Speaker 2: Tesla to I see that. 50 00:02:59,000 --> 00:03:00,480 Speaker 3: That was my assumption going into that. 51 00:03:00,520 --> 00:03:02,840 Speaker 2: I was again, I was kind of measuring his tenure 52 00:03:02,840 --> 00:03:06,160 Speaker 2: in the White House in weeks, maybe not months or years, 53 00:03:06,400 --> 00:03:08,240 Speaker 2: but he's lasted quite a long time. 54 00:03:08,240 --> 00:03:09,600 Speaker 1: Said quite the impact of the day. 55 00:03:09,680 --> 00:03:13,040 Speaker 3: And he was on social media over the weekend, Musk 56 00:03:13,280 --> 00:03:18,760 Speaker 3: was taking Peter Navarro questioning his credentials. So a little 57 00:03:18,800 --> 00:03:23,040 Speaker 3: bit of tension there. Wrap. Please I go buy this 58 00:03:23,160 --> 00:03:25,040 Speaker 3: store and it's vacant, it's been vacant. 59 00:03:25,200 --> 00:03:25,560 Speaker 2: I don't know. 60 00:03:25,680 --> 00:03:27,600 Speaker 3: Is this a no? 61 00:03:27,600 --> 00:03:27,840 Speaker 1: No? 62 00:03:27,880 --> 00:03:31,080 Speaker 3: Whoa would never be vacant? Goodness? No, this is Walgreens, 63 00:03:31,880 --> 00:03:34,640 Speaker 3: the one I passed over thirty six every morning. I mean, 64 00:03:34,840 --> 00:03:36,840 Speaker 3: it's just like, I don't know, the mis are running 65 00:03:36,840 --> 00:03:41,120 Speaker 3: around in there. They reported quarterly profit exceeding Wall Street expectations. 66 00:03:41,480 --> 00:03:44,160 Speaker 3: This is actually a pretty strong performance and what is 67 00:03:44,360 --> 00:03:47,800 Speaker 3: likely to be one of their last reports as a 68 00:03:47,840 --> 00:03:51,440 Speaker 3: public company. Kind of welcome news for investors. The second 69 00:03:51,560 --> 00:03:54,800 Speaker 3: largest pharmacy chan of the US, the investors have been 70 00:03:54,800 --> 00:03:57,040 Speaker 3: concerned about the ability of Walgreens to make enough money. 71 00:03:57,040 --> 00:04:02,520 Speaker 3: Amid declining insurance payments for PRIs prescriptions, increase competition from 72 00:04:02,560 --> 00:04:05,960 Speaker 3: the online retailers, and the big box story. The value 73 00:04:06,160 --> 00:04:09,280 Speaker 3: has plummeted over the past decade. A last month, of 74 00:04:09,360 --> 00:04:12,720 Speaker 3: Chain agreed to be purchased by Sycamore Partners for ten 75 00:04:12,960 --> 00:04:17,080 Speaker 3: billion dollars, and that deal is expected to close at 76 00:04:17,120 --> 00:04:17,920 Speaker 3: the end of this year. 77 00:04:19,360 --> 00:04:23,479 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 78 00:04:23,560 --> 00:04:26,320 Speaker 2: us throughout the day for the latest roundup of companies 79 00:04:26,360 --> 00:04:29,440 Speaker 2: making news on Wall Street and for the latest market 80 00:04:29,440 --> 00:04:33,839 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 81 00:04:33,880 --> 00:04:37,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 82 00:04:37,200 --> 00:04:38,640 Speaker 2: the Bloomberg Business app.