Stock Movers Qualcomm Falls, Mosaic Drops, Levi Down After Tariff Warning
Oct 10, 2025
Qualcomm’s shares tumble as China imposes new port fees and launches an antitrust investigation, escalating trade tensions. Mosaic sees a decline in phosphate production due to mechanical issues and utility interruptions, leading to disappointing sales volumes. Levi raises its full-year outlook but warns of increasing tariffs, projecting a 30% tariff in China and a rise to 20% globally. The hosts dive into the implications of these market moves and the geopolitical landscape affecting these companies.
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Qualcomm Caught In Geopolitical Bargaining
- Chinese regulators opened an antitrust probe into Qualcomm's acquisition and flagged disclosure issues as leverage in US-China negotiations.
- Bailey Lipschultz frames this as part of broader tit-for-tat moves around chips, ships, and tariffs between Xi and Trump.
Production Miss Triggers Credibility Concerns
- Mosaic's stock plunged after third-quarter phosphate output fell short due to mechanical and utility issues.
- Analysts downgraded the stock and raised credibility questions about management's reporting, per Bailey Lipschultz.
Tariffs Are Material For Retail Margins
- Levi raised its full-year outlook but warned tariffs are starting to hurt margins and supply chains.
- The company now expects 30% tariffs in China and 20% elsewhere, up from 10%, pressuring future pricing and inventory plans.