1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,680 Speaker 1: I'm Carl Messer along with Tim Static. Let's get to 5 00:00:18,840 --> 00:00:21,880 Speaker 1: then some stocks on the move on this Tuesday with 6 00:00:21,920 --> 00:00:25,239 Speaker 1: us is Bloomberg News process at Reporter Emily Graffeo here 7 00:00:25,280 --> 00:00:28,240 Speaker 1: in studio. Healthcare is certainly on our radar. I feel 8 00:00:28,280 --> 00:00:29,280 Speaker 1: like it has been all of a sudden in the 9 00:00:29,320 --> 00:00:30,320 Speaker 1: last twenty four hours. 10 00:00:30,440 --> 00:00:33,840 Speaker 3: Yeah, we're kind of getting like an almost double blow 11 00:00:34,040 --> 00:00:37,920 Speaker 3: to United Health specifically. So let's ticker UNH. It's down 12 00:00:38,320 --> 00:00:42,479 Speaker 3: twenty nine percent. Actually it's it's recovered a little bit 13 00:00:42,479 --> 00:00:46,560 Speaker 3: of those losses, so let's get the real time move now. 14 00:00:46,600 --> 00:00:49,199 Speaker 3: But it's down in a really big way, hitting the 15 00:00:49,200 --> 00:00:52,520 Speaker 3: lowest levels since about August, down now about nineteen point 16 00:00:52,560 --> 00:00:55,960 Speaker 3: eight percent. They forecasted a decline in their twenty twenty 17 00:00:56,000 --> 00:00:58,680 Speaker 3: six revenue. It was the first annual contraction in more 18 00:00:58,720 --> 00:01:02,080 Speaker 3: than three decades for the company. And this is also 19 00:01:02,160 --> 00:01:05,360 Speaker 3: coming just a day after Trump proposed to limit federal 20 00:01:05,360 --> 00:01:09,200 Speaker 3: payments to Medicare advantage plans next year. So the proposed 21 00:01:09,200 --> 00:01:13,200 Speaker 3: Medicare advantage payment rates well, estimates are now rising by 22 00:01:13,280 --> 00:01:16,759 Speaker 3: just zero point zero nine percent next year, and analysts 23 00:01:16,760 --> 00:01:19,600 Speaker 3: had been expecting an increase as high as six percent. 24 00:01:19,880 --> 00:01:23,080 Speaker 3: So it's a big blow set to squeeze profits here 25 00:01:23,120 --> 00:01:26,520 Speaker 3: for insurers. So United Health is down, CVS and Human 26 00:01:26,600 --> 00:01:28,200 Speaker 3: are also down as well. 27 00:01:28,240 --> 00:01:31,279 Speaker 1: They're still negotiating though, right is this definitive or. 28 00:01:31,400 --> 00:01:34,840 Speaker 3: It's a proposed plan right now? So I'm assuming that 29 00:01:34,880 --> 00:01:39,319 Speaker 3: word proposed means nothing has been exactly set in stone. 30 00:01:39,520 --> 00:01:42,479 Speaker 4: United Healthcare CEO Tim Nohll telling analysts, quote, the news 31 00:01:42,480 --> 00:01:45,840 Speaker 4: that we received last night in the advance notice was disappointing. 32 00:01:46,400 --> 00:01:49,920 Speaker 1: I bet and investors are certainly disappointed, and you could 33 00:01:49,920 --> 00:01:52,960 Speaker 1: see that pretty clearly. Let's go to airlines. We've all 34 00:01:52,960 --> 00:01:55,640 Speaker 1: been talking about airlines in a big way today. Some earnings. 35 00:01:55,800 --> 00:01:58,760 Speaker 3: Yeah, we had earnings one specifically to focus on American 36 00:01:58,760 --> 00:02:01,120 Speaker 3: airlines that stuck is down about six percent to the 37 00:02:01,120 --> 00:02:05,320 Speaker 3: lowest level since December. The fourth quarter EPs missed. The 38 00:02:05,320 --> 00:02:08,800 Speaker 3: government shutdown hurt their results as there were a lot 39 00:02:08,840 --> 00:02:11,160 Speaker 3: of you know, employees not working, flights not taking off. 40 00:02:11,360 --> 00:02:14,360 Speaker 3: But then also they have a pretty good real time 41 00:02:14,440 --> 00:02:18,320 Speaker 3: insight into how the most recent winter storm is still 42 00:02:18,360 --> 00:02:20,720 Speaker 3: impacting the company and set to impact the company in 43 00:02:20,720 --> 00:02:23,280 Speaker 3: the future. So they said first quarter revenue expected to 44 00:02:23,320 --> 00:02:26,520 Speaker 3: take one hundred and fifty to two hundred million dollar 45 00:02:26,680 --> 00:02:29,600 Speaker 3: hit just because of Over the last couple of days, 46 00:02:29,600 --> 00:02:32,480 Speaker 3: they've had to delay cancel a lot of flights. They're 47 00:02:32,520 --> 00:02:36,280 Speaker 3: still expected to cancel some more even today. On a 48 00:02:36,560 --> 00:02:41,600 Speaker 3: positive note, they are ramping up their premium offerings, expanding 49 00:02:41,600 --> 00:02:44,200 Speaker 3: some Wi Fi on some planes. But right now the 50 00:02:44,240 --> 00:02:47,639 Speaker 3: focus is all on that EPs miss and the projected 51 00:02:47,720 --> 00:02:50,480 Speaker 3: revenue hit, so that stock down to the lowest level 52 00:02:50,520 --> 00:02:55,040 Speaker 3: since December, and then the CFO saying in an interview today, 53 00:02:55,080 --> 00:02:57,160 Speaker 3: we would have done better than consensus if it weren't 54 00:02:57,200 --> 00:03:00,760 Speaker 3: for winter storm. Firm this was I say they stored 55 00:03:00,840 --> 00:03:01,600 Speaker 3: the storm had a name. 56 00:03:01,680 --> 00:03:03,240 Speaker 4: Did they started. 57 00:03:02,919 --> 00:03:05,400 Speaker 1: Naming write snowstorms a little while ago. 58 00:03:06,480 --> 00:03:08,079 Speaker 4: I don't know. I mean, I know this one's called 59 00:03:08,120 --> 00:03:08,880 Speaker 4: fern Burn. 60 00:03:08,919 --> 00:03:11,280 Speaker 3: I don't know the history of I didn't know that, 61 00:03:11,440 --> 00:03:15,480 Speaker 3: but I felt like I had to get things. 62 00:03:14,520 --> 00:03:17,079 Speaker 4: Like fern I think a lot of people in the 63 00:03:17,160 --> 00:03:18,959 Speaker 4: last couple of days are saying we would have done 64 00:03:18,960 --> 00:03:21,600 Speaker 4: better if it weren't for this winter storm. They wouldn't 65 00:03:21,600 --> 00:03:25,520 Speaker 4: have spent the weekend outside shuffling like four times. 66 00:03:26,160 --> 00:03:28,000 Speaker 1: Oh yeah, why. 67 00:03:27,960 --> 00:03:29,520 Speaker 4: Well, no, I think this is something. This is such 68 00:03:29,520 --> 00:03:31,720 Speaker 4: a big storm that the CFO, Devon May said this 69 00:03:31,760 --> 00:03:34,120 Speaker 4: in an interview. I think a lot of people can 70 00:03:34,680 --> 00:03:38,560 Speaker 4: relate to what the CFO said because they two hundred 71 00:03:38,560 --> 00:03:40,240 Speaker 4: million people were affected by this storm. I mean, this 72 00:03:40,320 --> 00:03:43,480 Speaker 4: is not something that was isolated to just one airlines hub. 73 00:03:43,600 --> 00:03:46,960 Speaker 4: You know, you had Delta cancelations because of it's Atlanta 74 00:03:47,040 --> 00:03:47,400 Speaker 4: hub too. 75 00:03:47,480 --> 00:03:51,200 Speaker 1: There's a lot, there's a lot impacted. Let's go to 76 00:03:51,240 --> 00:03:54,400 Speaker 1: a name that I love this. This one's rallying big time. 77 00:03:54,600 --> 00:03:56,360 Speaker 3: This is so fun. We're going to end on a 78 00:03:56,400 --> 00:03:59,680 Speaker 3: positive note because definitely the insures the airlines not having 79 00:03:59,720 --> 00:04:02,240 Speaker 3: a great day to day. But Corning Inc. Is up 80 00:04:02,280 --> 00:04:04,960 Speaker 3: sixteen percent right now. It's the best performer in the 81 00:04:05,040 --> 00:04:07,640 Speaker 3: S and P five hundred. This is a company that 82 00:04:07,720 --> 00:04:10,480 Speaker 3: was founded in eighteen fifty one. Now they didn't go 83 00:04:10,600 --> 00:04:13,200 Speaker 3: public in eighteen fifty one. I don't think so. But 84 00:04:13,280 --> 00:04:15,360 Speaker 3: they are at a record high today in terms of 85 00:04:15,400 --> 00:04:19,359 Speaker 3: their history as a publicly traded company, at about one 86 00:04:19,440 --> 00:04:22,159 Speaker 3: hundred and ten dollars a share. They announced a multi 87 00:04:22,240 --> 00:04:25,760 Speaker 3: year up to six billion dollars agreement with Meta Platforms 88 00:04:25,960 --> 00:04:30,720 Speaker 3: to supply fiber optic cables to you guys, guessed it, 89 00:04:31,040 --> 00:04:35,359 Speaker 3: data centers. This is like picks and shovels. Obviously, everyone's 90 00:04:35,360 --> 00:04:38,599 Speaker 3: trying to get in on the data center trade. They're 91 00:04:38,640 --> 00:04:41,640 Speaker 3: a glass company, so glass is part of what makes 92 00:04:41,640 --> 00:04:44,080 Speaker 3: a fiber optic cable, and you need a fiber optic 93 00:04:44,120 --> 00:04:48,080 Speaker 3: cable to provide internet and connectivity to data centers. 94 00:04:49,480 --> 00:04:53,479 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 95 00:04:53,600 --> 00:04:56,160 Speaker 2: us throughout the day for the latest roundup of companies 96 00:04:56,240 --> 00:04:59,320 Speaker 2: making news on Wall Street and for the latest market 97 00:04:59,360 --> 00:05:03,839 Speaker 2: moving headline. Listen to Bloomberg Radio Live, Catch us on YouTube, 98 00:05:03,920 --> 00:05:07,400 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 99 00:05:07,480 --> 00:05:08,960 Speaker 2: the Bloomberg Business app.