Yahoo Finance

We're taking a closer look at some trending tickers this morning. Tesla, Apple and JP Morgan Chase. First up, Tesla has stopped taking orders in China for two models that are imported from the US, that that includes the Model S sedan and the Model X sport utility vehicle. You can see on their website, the models Y and three have a button that says order now, while the models S and X say, view the current car. This comes amid an escalating trade war between the countries with the US raising its levy on China to 145% and China retaliating with 125% tariffs on American goods.

Plus Apple, feeling the heat of President Trump's trade war, although many reciprocal tariffs on countries got a 90-day pause. China certainly not one of them. With the US tariff rate on Chinese goods at 145%. Wedbush is Dan Ives saying, no US tech company is more negatively impacted by tariffs than Apple, with 90% of iPhones produced and assembled in China. CFRA sees 50% odds of Apple receiving a tariff exemption. Apple has vowed to invest $500 billion domestically over the next four years. And the White House says Trump believes iPhones could be made in the US. Analysts, however, have their doubts on that.

Finally, JP Morgan Chase CEO, Jamie Diamond is warning Americans that the economy faces quote, considerable turbulence. Jamie Diamond making the comments in JP Morgan's first quarter earnings report where the firm saw a rise in profits. Earnings rose 9% from a year ago, but the bank also set aside 75% more provisions to cover future loan losses, a sign that it expects borrowers to run into more problems ahead. Diamond mentioned quote, potential negatives of tariffs and trade wars, sticky inflation, high fiscal deficits and volatility.

And you can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finances trending tickers page.