Apple falls after President Donald Trump says the tech giant will have to pay a tariff of at least 25% for iPhones made outside the United States, while Tesla stock is on pace to end a four-week winning streak.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

This would indicate a 3% decrease in earnings year-over-year and a 2% increase in sales compared to last year's figures of $1.47 per share and $4.86 billion in revenue.