China retaliates with additional tariffs on $16B worth of US goods

Wall St. dips as oil slide drags down energy shares. Today’s topics include China tariffs, Tesla, the Chris Collins indictment, Warren Buffett’s bets, and more of the day’s top stories. Catch The Final Round at 3:55 ET p.m. with Yahoo Finance’s Jen Rogers, Andy Serwer, Seana Smith, and Jared Blikre. Also joining the show today, Tasha Keeney, and analyst at ARK Invest.

Winners and losers

Let’s take a look at some of today’s winners and losers. Stocks in the red include, Papa John’s as the restaurant franchise lowered its outlook for same-store sales, expecting sales at stores open at least a year to decline by 7% to 10%; Hostess Brands, as shares took a nosedive after the baked goods company reported an earnings miss, profit warning and pullback in shelf space at Walmart; and Snap, as the company reported its first ever decline in daily active users. CEO Evan Spiegel blaming the user drop on a recent redesign.

Stocks in the green include CVS Health, as adjusted quarterly profit topped analyst estimates and the company sold more prescription drugs at its stores; Albemarle, as the world’s largest producer of the electric car battery ingredient. lithium, said it would double its stock buyback to $500 million for the year; and Michael Kors, as the designer of luxury accessories and ready to wear, saw first-quarter earnings top estimates helped by Jimmy Choo and store renovations.

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