Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 1: Let's take a look. Now, it's some stocks on the
Speaker 1: move today. We're joined by Bloomberg's John Tucker.
Speaker 3: Let's start with the one that has the number one waiting.
Speaker 3: Apple ones among the most active, could be getting a
Speaker 3: boost of consumers try to front run the tariffs. So
Speaker 3: you have employees from different Apple locations across the country.
Speaker 3: They say the stores are filled with customers, with shoppers
Speaker 3: expressing concerns prices are going to climb dramatically after the
Speaker 3: tariffs are imposed. Most Apple, most of the iPhones, Apple's
Speaker 3: best selling most important product, of course, are manufactured in China,
Speaker 3: and China is due for fifty four percent tariffs. One
Speaker 3: employee telling Bloomberg their store was slammed with people panic
Speaker 3: buying phones. Almost every customer asked me if prices were
Speaker 3: going to go up soon, said the worker, who refused
Speaker 3: to be identified. By the way, Apple shares they've dropped
Speaker 3: what nineteen percent since the terrafs were announced last week,
Speaker 3: marking the worst three day stretch for Apple since two
Speaker 3: thousand and one. Take a quick look at crypto stocks.
Speaker 3: They're under pressures as bitcoin was struggling to catch a bid.
Speaker 3: So Morgan Stanley has downgraded Robinhood to equal weight from overweight.
Speaker 3: They have a price target now of forty remember that
Speaker 3: used to be ninety. They're setting concerns the crypto market
Speaker 3: turmoil could weigh on the company's transaction revenue this quarter.
Speaker 3: The slide could also shake investors faith in bitcoin's role
Speaker 3: as a safe haven during times of turbulent advocates they've
Speaker 3: long promoted the token as kind of a hedge against
Speaker 3: both the market volatility and the currency flush.
Speaker 1: Well said there were some outflows, but not mental outflows.
Speaker 3: Also always one of the most active Tesla Joel Levington.
Speaker 3: He's the director of credit research for Blood Brig Intelligence.
Speaker 3: He is writing this morning and this is a quote
Speaker 3: Elon Musk. Pursuit of ambitious and high risk bands such
Speaker 3: as the cyber truck now falling well short of sales goals,
Speaker 3: even with the aggressive police discounts and the elusive robo
Speaker 3: taxi are taking a toll on Tesla's fundamental performance at
Speaker 3: a critical juncture in the auto market. It's long promised
Speaker 3: to lower cost vehicle, the model Q will likely be met,
Speaker 3: and when it does arrive with a weakening brand image,
Speaker 3: a large market of inexpensive used Tesla's likely, fading government
Speaker 3: support for evs and intensifying global competition.
Speaker 1: Mister Musk, I believe, in the last forty eight hours,
Speaker 1: had a meeting with mister Trump of some form phone
Speaker 1: or face to face, don't know, and he basically said,
Speaker 1: I don't agree with the tariffs. Paul, do you just
Speaker 1: assume mister Musk returns to.
Speaker 2: Tesla to I see that.
Speaker 3: That was my assumption going into that.
Speaker 2: I was again, I was kind of measuring his tenure
Speaker 2: in the White House in weeks, maybe not months or years,
Speaker 2: but he's lasted quite a long time.
Speaker 1: Said quite the impact of the day.
Speaker 3: And he was on social media over the weekend, Musk
Speaker 3: was taking Peter Navarro questioning his credentials. So a little
Speaker 3: bit of tension there. Wrap. Please I go buy this
Speaker 3: store and it's vacant, it's been vacant.
Speaker 2: I don't know.
Speaker 3: Is this a no?
Speaker 1: No?
Speaker 3: Whoa would never be vacant? Goodness? No, this is Walgreens,
Speaker 3: the one I passed over thirty six every morning. I mean,
Speaker 3: it's just like, I don't know, the mis are running
Speaker 3: around in there. They reported quarterly profit exceeding Wall Street expectations.
Speaker 3: This is actually a pretty strong performance and what is
Speaker 3: likely to be one of their last reports as a
Speaker 3: public company. Kind of welcome news for investors. The second
Speaker 3: largest pharmacy chan of the US, the investors have been
Speaker 3: concerned about the ability of Walgreens to make enough money.
Speaker 3: Amid declining insurance payments for PRIs prescriptions, increase competition from
Speaker 3: the online retailers, and the big box story. The value
Speaker 3: has plummeted over the past decade. A last month, of
Speaker 3: Chain agreed to be purchased by Sycamore Partners for ten
Speaker 3: billion dollars, and that deal is expected to close at
Speaker 3: the end of this year.
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