Apple Sinks on New Tariff Threats, and Should Novo Do a Deal? 5/23/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 23 May 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple shares extended their losing streak after President Trump said the company needs to pay at least 25% tariffs on any phone made out side the U.S. How realistic is the threat and what’s it mean for the stock. Plus Novo Nordisk shares have been cut in half over the past year. Would some M&A be the antidote for its slide? Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.
0:07.0	Here's what's on tap tonight.
0:08.0	Fallen Apple, more terror threats, sinking shares of the iPhone maker, the stock losing $90 billion
0:13.0	in market cap just today.
0:15.0	Can the longtime market leader stage a comeback or are its days at the top in the rearview mirror?
0:20.0	In Novo's next steps, the farmer company back under pressure since ousting CEO, what does
0:24.7	it have to do to get growth growing again?
0:26.8	We'll break that down.
0:27.8	Plus, U.S. Steel sores on a, quote, planned partnership with Japan's Nippon Steel, nuclear
0:33.2	stocks seeing major gains after a new wave of executive orders.
0:37.1	And we're counting down to
0:37.8	NVIDIA earnings, the options action ahead of next week's big report. I'm Melissa Lee coming to you
0:42.6	live from studio, be at the NASDAQ on the desk tonight. Tim Seymour, Bono and I, and Steve Grasso and
0:47.0	Mike Co. We start off with another big down day for Apple. The tech giant sinking another
0:51.8	3% today, bringing its losing streak to eight straight
0:54.5	days.
0:55.2	That is the stock's worst run since January 2022 and takes its market cap back below $3 trillion.
1:01.2	Apple is the only MAG7 stock down this month, the only one down in Q2, and it is the worst
1:06.8	performer of the group so far this year, losing nearly a quarter of its value since
1:10.4	January.
1:11.6	The latest move lower coming after President Trump said this morning that Apple must pay tariffs of at least 25% on iPhones made outside the United States.
1:20.7	And in comments this afternoon, he said rival Samsung could face similar levies.
	...

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