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Get more equity coverage like this on the Stock Movers podcast from Bloomberg, featuring five-minute episodes on the winners and losers in the stock market. Subscribe here: https://link.podtrac.com/h0zn7xir On this episode of Stock Movers: • Apple (AAPL) stock dipped after the company lost over $300 billion in value Thursday, marking the second-biggest single-day drop in market cap for any company ever. The company had previously moved some portions of its supply chain away from China, but to countries that now also face high tariffs from US President Donald Trump. • Nike (NKE) is continuing its slide as shoe and garment makers extended their selloff in the face of tariffs on their Asian-made products. Apparel and footwear companies that shifted manufacturing from China to avoid tariffs are now being targeted by Trump's tariffs on Vietnam, Cambodia, Indonesia, and Thailand. • Stellantis (STLA) shares are lower after about 6,000 workers in Canada were idled on day one of the US tariff regime. It comes along with reports of 900 US jobs cuts and Fitch downgrading the company's debt to BBB from BBB+. • Wayfair (W) shares slid 11% in premarket trading, putting the stock on track to extend declines after Citi downgraded the online furniture retailer to neutral from buy. Analyst Ygal Arounian said President Donald Trump’s tariff announcement “created significant exposure” to the supplier base of Wayfair, and sees eBay as better positioned. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: / bloombergradio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: / bloombergpodcasts Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake