1 00:00:02,520 --> 00:00:07,360 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 --> 00:00:17,919 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,040 --> 00:00:19,160 Speaker 3: Time now for market drivers when we look at them 5 00:00:19,440 --> 00:00:23,080 Speaker 3: companies that are moving on Wall Street today with Bloomberg 6 00:00:23,120 --> 00:00:26,080 Speaker 3: Equities reporter Christine Aquino. So, Christine, United Health, we were 7 00:00:26,079 --> 00:00:28,680 Speaker 3: talking about it yesterday too, having a pretty cut week. 8 00:00:28,720 --> 00:00:31,520 Speaker 3: It's up now four percent today. What's behind this jump? 9 00:00:31,600 --> 00:00:34,760 Speaker 1: Yeah, absolute alexis what a difference a day makes for 10 00:00:34,880 --> 00:00:37,600 Speaker 1: United Health. So ticker you and h those yairs are 11 00:00:37,640 --> 00:00:40,320 Speaker 1: about more than four percent now and it is on 12 00:00:40,360 --> 00:00:43,159 Speaker 1: a four day winning streak, so not too shabby. And 13 00:00:43,200 --> 00:00:46,199 Speaker 1: that is because we did get some new data saying 14 00:00:46,400 --> 00:00:50,080 Speaker 1: that United Health expects most of its Medicare Advantage members 15 00:00:50,080 --> 00:00:53,559 Speaker 1: to be in highly rated plans that earn bonus payments 16 00:00:53,800 --> 00:00:57,800 Speaker 1: next year. And so this rating is related to the 17 00:00:57,840 --> 00:01:01,240 Speaker 1: Medicare's star rating system. Right, So if most of your 18 00:01:01,240 --> 00:01:04,560 Speaker 1: customers are in highly rated plans, that means that they 19 00:01:04,640 --> 00:01:09,000 Speaker 1: can get financial rewards, they are eligible for higher reimbursement 20 00:01:09,120 --> 00:01:12,039 Speaker 1: from the government for those customers. So you want to 21 00:01:12,040 --> 00:01:15,120 Speaker 1: be in those highly rated plans and We also know 22 00:01:15,160 --> 00:01:17,560 Speaker 1: that United Health is of course the biggest seller of 23 00:01:17,760 --> 00:01:20,360 Speaker 1: many care plans. They have more than eight million members, 24 00:01:20,680 --> 00:01:23,720 Speaker 1: and over the summer, we remember, part of their issues 25 00:01:23,800 --> 00:01:27,000 Speaker 1: was the fact that Congress was debating changes to healthcare 26 00:01:27,120 --> 00:01:30,440 Speaker 1: legislation that would be less beneficial in terms of many 27 00:01:30,440 --> 00:01:34,200 Speaker 1: care payouts. So United Health was really getting battered by 28 00:01:34,319 --> 00:01:37,759 Speaker 1: those developments. But this is very much a welcome turnaround 29 00:01:37,800 --> 00:01:40,200 Speaker 1: for the stock that has been really challenged all year. 30 00:01:40,319 --> 00:01:42,320 Speaker 4: You've been very generous in saying part of their issues, 31 00:01:42,319 --> 00:01:44,440 Speaker 4: they had many issues that continue to help a. 32 00:01:44,440 --> 00:01:45,120 Speaker 1: Lot of issues. 33 00:01:45,160 --> 00:01:50,760 Speaker 4: One of them, yes, exactly, succession, irl. We have foxed 34 00:01:50,800 --> 00:01:53,320 Speaker 4: down about five point eight percent. This is after Rupert 35 00:01:53,360 --> 00:01:55,920 Speaker 4: Murdoch figured out his succession deal. Lachlan is going to 36 00:01:55,920 --> 00:01:58,400 Speaker 4: be the guy who controls everything. May help us make 37 00:01:58,400 --> 00:01:58,840 Speaker 4: sense of it. 38 00:01:59,000 --> 00:02:03,440 Speaker 1: Yeah, that's right, Scarlett. So interesting that the shares are down, 39 00:02:03,480 --> 00:02:07,320 Speaker 1: so the ticker Fox shares down more than five percent. Now, 40 00:02:08,320 --> 00:02:13,359 Speaker 1: you'd think that the resolution would be positive for investors, right, 41 00:02:13,400 --> 00:02:15,720 Speaker 1: But I suppose there's a lot more to it. So, 42 00:02:15,760 --> 00:02:21,320 Speaker 1: as you mentioned, Scarlett, yes, the Lachlan murderc will be controlling, 43 00:02:21,400 --> 00:02:24,239 Speaker 1: will have broad control over Fox News and News Corp. 44 00:02:24,440 --> 00:02:27,400 Speaker 1: And at the heart of this, you know, succession feud 45 00:02:27,600 --> 00:02:32,079 Speaker 1: is really how much the empire is going to retain 46 00:02:32,160 --> 00:02:35,360 Speaker 1: its conservative slant, right, And that's why the elder murderch 47 00:02:35,480 --> 00:02:39,480 Speaker 1: was preferring Lachlan because that was the expectation that he 48 00:02:39,560 --> 00:02:41,960 Speaker 1: was going to keep that And the argument was that 49 00:02:41,960 --> 00:02:44,960 Speaker 1: that is part of their selling point, right, that has 50 00:02:45,080 --> 00:02:49,400 Speaker 1: what has made them most successful. But I suppose you know, 51 00:02:49,720 --> 00:02:52,640 Speaker 1: now that this has kind of come down, investors aren't 52 00:02:52,639 --> 00:02:57,200 Speaker 1: necessarily necessarily taking as positive. Maybe they're anticipating more pushback 53 00:02:57,280 --> 00:03:00,480 Speaker 1: from the other siblings, right, Like I mean, this is. 54 00:03:00,200 --> 00:03:02,200 Speaker 3: A sign on the rum or, sell on the news, 55 00:03:03,120 --> 00:03:04,000 Speaker 3: they knew this was coming. 56 00:03:04,120 --> 00:03:08,120 Speaker 1: Yeah, yeah, yeah, it's potentially already priced in. And also 57 00:03:08,160 --> 00:03:11,480 Speaker 1: maybe just a recognition that, okay, this few is one thing, 58 00:03:11,480 --> 00:03:14,720 Speaker 1: but the broader media business is so challenging at that point, 59 00:03:14,800 --> 00:03:15,320 Speaker 1: does it really. 60 00:03:15,240 --> 00:03:16,919 Speaker 4: Help Structural headwinds don't go away? 61 00:03:17,160 --> 00:03:17,639 Speaker 2: Exactly? 62 00:03:17,680 --> 00:03:20,480 Speaker 3: How true? Also, Dell before we let you go, Christine 63 00:03:20,560 --> 00:03:25,079 Speaker 3: under pressure today unexpected departure there their CFO leaving after 64 00:03:25,080 --> 00:03:25,600 Speaker 3: two years. 65 00:03:25,680 --> 00:03:29,200 Speaker 1: Yeah, absolutely so, CFO von McGill stepping down after two 66 00:03:29,240 --> 00:03:32,160 Speaker 1: years and really hurting Dell shares which are down uh, 67 00:03:32,280 --> 00:03:34,840 Speaker 1: two percent at the moment, So that's ticker D E 68 00:03:35,000 --> 00:03:37,560 Speaker 1: L L. So you know, Bloomberg Intelligence ANA is weighing 69 00:03:37,600 --> 00:03:40,040 Speaker 1: and saying that, you know, it's not really going to 70 00:03:40,120 --> 00:03:42,760 Speaker 1: affect their go to market strategy. There's also a deep 71 00:03:42,800 --> 00:03:46,120 Speaker 1: bench for leadership. The only thing is timing what's tricky, right, 72 00:03:46,200 --> 00:03:48,640 Speaker 1: So JP Morgan is pointing out that it comes a 73 00:03:48,680 --> 00:03:51,640 Speaker 1: few weeks ahead of their analyst meeting, So that's likely 74 00:03:51,760 --> 00:03:55,280 Speaker 1: t your concerns around the financial strategy. Is it going 75 00:03:55,320 --> 00:03:57,800 Speaker 1: to affect the outlook? How is it going to change 76 00:03:57,840 --> 00:04:00,920 Speaker 1: that if it does change that. So yeah, it really 77 00:04:00,960 --> 00:04:02,720 Speaker 1: is just a little bit of concern around the timing, 78 00:04:02,760 --> 00:04:04,520 Speaker 1: and that's where we're seeing it on the back. 79 00:04:04,360 --> 00:04:09,880 Speaker 2: Of the Stock Movers report from Bloomberg Radio. 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