1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,040 --> 00:00:18,160 Speaker 3: All right, let's take a look at some of the 5 00:00:18,160 --> 00:00:20,200 Speaker 3: stocks on the move today. I'm Alex stal with Paul 6 00:00:20,200 --> 00:00:22,759 Speaker 3: Sweeney and were joined now by Bloomberg's Christina Kino. Let's 7 00:00:22,760 --> 00:00:25,120 Speaker 3: talk about the biggest decliner that's leading the Dow Jones 8 00:00:25,200 --> 00:00:28,000 Speaker 3: Industrial Average lower. That is United. 9 00:00:27,600 --> 00:00:30,760 Speaker 1: Health United Health alex that is the more than fourteen 10 00:00:30,800 --> 00:00:34,320 Speaker 1: percent of so those opening losses really picking up Steve here, 11 00:00:34,680 --> 00:00:37,400 Speaker 1: and the big use is the fact that it unexpectedly 12 00:00:37,479 --> 00:00:42,639 Speaker 1: replaced its CEO and brought back its former CEO and chairman, 13 00:00:42,840 --> 00:00:46,240 Speaker 1: Stephen Hemsley. Now Hemsley, of course, is a United Health 14 00:00:46,520 --> 00:00:49,600 Speaker 1: veteran he joined in nineteen ninety seven start a CEO 15 00:00:49,640 --> 00:00:52,520 Speaker 1: for about a decade, starting in two thousand and six. Now, 16 00:00:53,040 --> 00:00:55,000 Speaker 1: United Health has had one heck of a time. They 17 00:00:55,040 --> 00:00:58,120 Speaker 1: suspended their earnings guidance as well for this year, citing 18 00:00:58,240 --> 00:01:01,960 Speaker 1: higher unexpected medical costs for some of its beneficiaries. And 19 00:01:02,120 --> 00:01:04,760 Speaker 1: as we remember, last month they cut their annual guidance 20 00:01:04,800 --> 00:01:07,440 Speaker 1: and reported their first earningsmiths in more than a decade. 21 00:01:07,560 --> 00:01:09,199 Speaker 1: So it sounds like a lot of turmoil over there. 22 00:01:09,400 --> 00:01:13,720 Speaker 4: Yeah, just I mean the old withdrawing the guidance new CEO. Boy, 23 00:01:13,760 --> 00:01:16,360 Speaker 4: that is just yeah, so that I can see how 24 00:01:16,400 --> 00:01:18,440 Speaker 4: the stocks reacting to that. How about our good friends 25 00:01:18,440 --> 00:01:20,200 Speaker 4: of Boeing. Some good news here, Yeah. 26 00:01:20,040 --> 00:01:23,240 Speaker 1: Some good news at Boeing. A couple of Bloomberg News 27 00:01:23,319 --> 00:01:28,360 Speaker 1: reports actually contributing to the share gains there potentially run 28 00:01:28,480 --> 00:01:32,000 Speaker 1: up now more than two percent, mirroring three percent. So 29 00:01:32,319 --> 00:01:35,080 Speaker 1: those games pick up seem from the open. So one 30 00:01:35,120 --> 00:01:38,240 Speaker 1: Bloomberg News report saying that China has removed a month 31 00:01:38,319 --> 00:01:41,880 Speaker 1: long ban on airlines from taking delivery of Boeing planes. 32 00:01:41,920 --> 00:01:44,920 Speaker 1: So that follows, of course, the more quarter relations between 33 00:01:44,959 --> 00:01:47,720 Speaker 1: US and China after some trade talks over the weekend. 34 00:01:47,960 --> 00:01:50,600 Speaker 1: And we have another Bloomberg News report also saying that 35 00:01:50,640 --> 00:01:54,320 Speaker 1: Saudi Arabis Sovereign Wealth Fund will be ordering thirty seven 36 00:01:54,320 --> 00:01:57,920 Speaker 1: to three seven Max jets for its aircraft leasing company 37 00:01:58,000 --> 00:02:00,760 Speaker 1: avy Lease. And that is just until for President Donald 38 00:02:00,760 --> 00:02:02,800 Speaker 1: Trump to be heading to the Middle East. 39 00:02:03,120 --> 00:02:04,840 Speaker 3: All right, Let's wrap it up here with en Phase, 40 00:02:05,240 --> 00:02:08,560 Speaker 3: So that is a solar company, and we had revisions 41 00:02:08,760 --> 00:02:11,280 Speaker 3: within the GOP tax bill about some of the IRA 42 00:02:11,840 --> 00:02:13,480 Speaker 3: tax credits walking through it. 43 00:02:13,800 --> 00:02:17,440 Speaker 1: Yeah, exactly in phase now extending those losses down more 44 00:02:17,440 --> 00:02:21,200 Speaker 1: than four percent since the open and exactly that alex 45 00:02:21,320 --> 00:02:25,760 Speaker 1: en phase really among the kind of companies are at 46 00:02:25,880 --> 00:02:29,600 Speaker 1: risk if this tax bill passes makes us through the 47 00:02:29,639 --> 00:02:33,440 Speaker 1: House and the Senate. So basically BMO cutting its recommendation 48 00:02:33,520 --> 00:02:36,320 Speaker 1: precisely because of that. They're now seeing the stock as 49 00:02:36,360 --> 00:02:40,760 Speaker 1: an underperform and they're citing those proposed tax changes, potentially 50 00:02:41,120 --> 00:02:44,920 Speaker 1: a plan to eliminate credit for homeowners who take loans 51 00:02:45,040 --> 00:02:47,800 Speaker 1: or pay cash for the residential solar and battery system. 52 00:02:47,840 --> 00:02:50,160 Speaker 1: So they're thinking in phase, really going to take the 53 00:02:50,200 --> 00:02:51,040 Speaker 1: brunt of that pain. 54 00:02:52,520 --> 00:02:56,640 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 55 00:02:56,720 --> 00:03:00,000 Speaker 2: us throughout today for the latest roundup of companies making news, 56 00:03:00,000 --> 00:03:03,440 Speaker 2: who's on Wall Street, and for the latest market moving headlines. 57 00:03:03,600 --> 00:03:07,560 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 58 00:03:07,600 --> 00:03:10,400 Speaker 2: dot com, and on Applecarplay and Android Auto with the 59 00:03:10,440 --> 00:03:11,760 Speaker 2: Bloomberg Business app.