1 00:00:00,080 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,919 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:17,400 --> 00:00:19,160 Speaker 2: Right now, we need to take a look at some 5 00:00:19,200 --> 00:00:20,960 Speaker 2: of the stocks that are out there. Stock's on the 6 00:00:21,079 --> 00:00:26,360 Speaker 2: move today, Tom Keenan Postenia and with us Bloomberg's John Tucker. 7 00:00:26,600 --> 00:00:30,760 Speaker 3: And we must start with this United Health Group unexpectedly 8 00:00:31,360 --> 00:00:35,600 Speaker 3: replacing its CEO, also suspending its earnings guidance. What a 9 00:00:35,640 --> 00:00:39,680 Speaker 3: mix here, raising increasing questions over how the company. Remember 10 00:00:39,680 --> 00:00:41,680 Speaker 3: this is once regarded it as a pretty safe bet 11 00:00:41,720 --> 00:00:46,120 Speaker 3: by investors. They have gotten their predictions so wrong about 12 00:00:46,120 --> 00:00:48,800 Speaker 3: this company. The company is bringing back the chairman and 13 00:00:48,840 --> 00:00:53,159 Speaker 3: the former CEO, Stephen Helmsley for the top role. He's 14 00:00:53,200 --> 00:00:56,600 Speaker 3: no spring chicken. By the way, Andrew Whitty has resigned 15 00:00:56,640 --> 00:00:59,920 Speaker 3: for what they say are in quotes now personal reasons. 16 00:01:00,840 --> 00:01:04,480 Speaker 3: The Health Insure those top insurance executive was killed in 17 00:01:04,520 --> 00:01:09,160 Speaker 3: New York last December, also shredding its twenty twenty five outlook. 18 00:01:09,640 --> 00:01:12,440 Speaker 3: A pretty abrupt change in the executive suite and also 19 00:01:12,480 --> 00:01:14,880 Speaker 3: the lack of a forecast comes less than a month 20 00:01:15,360 --> 00:01:19,800 Speaker 3: after the company shocked investors by cutting its annual guidance. 21 00:01:20,000 --> 00:01:22,360 Speaker 3: Remember this has always been viewed as a pretty conservative 22 00:01:22,400 --> 00:01:26,480 Speaker 3: forecaster that's always delivered on its results. This is the 23 00:01:26,520 --> 00:01:29,080 Speaker 3: worst performing stock in the down Jones. 24 00:01:30,319 --> 00:01:31,840 Speaker 2: Back to twenty twenty one. 25 00:01:32,959 --> 00:01:35,959 Speaker 3: Let's move on to the next one. Amazon now has 26 00:01:36,000 --> 00:01:39,760 Speaker 3: a multi year agreement with FedEx. They're going to deliver 27 00:01:39,880 --> 00:01:43,480 Speaker 3: large packages for the online retailer. This goes back to 28 00:01:43,520 --> 00:01:47,480 Speaker 3: renewing a relationship between the companies, remember had ended back 29 00:01:47,560 --> 00:01:51,040 Speaker 3: in twenty nineteen. This new deal follows plans announced in 30 00:01:51,120 --> 00:01:55,920 Speaker 3: January by UPS to reduce by half the number of 31 00:01:56,000 --> 00:01:58,800 Speaker 3: packages it delivers for Amazon by the end of twenty 32 00:01:58,800 --> 00:02:02,120 Speaker 3: twenty six. Now, Amazon delivers more than about two thirds 33 00:02:02,120 --> 00:02:04,120 Speaker 3: of its own packages in the US through its own 34 00:02:04,760 --> 00:02:07,320 Speaker 3: logistics network made smalls. 35 00:02:07,720 --> 00:02:10,840 Speaker 2: Eight of the two thirds is on Third Avenue at 36 00:02:10,840 --> 00:02:11,360 Speaker 2: ten am. 37 00:02:13,320 --> 00:02:17,000 Speaker 3: They why they do this? They park not for me, 38 00:02:17,280 --> 00:02:20,720 Speaker 3: but delivering to the other houses in my neighborhood. They 39 00:02:20,720 --> 00:02:25,760 Speaker 3: block my driveway so I can't get outovi shoby stop 40 00:02:25,880 --> 00:02:29,320 Speaker 3: with the deliveries. Amazon a statements that it isn't planning 41 00:02:29,360 --> 00:02:32,120 Speaker 3: to use FedEx to replace the business that it still 42 00:02:32,160 --> 00:02:36,639 Speaker 3: does with UPS. Let's wind up with the one more 43 00:02:36,800 --> 00:02:39,360 Speaker 3: Hurts Global, posting a larger than expended loss in the 44 00:02:39,360 --> 00:02:42,840 Speaker 3: first quarter. Rent the company shrinking its fleet of cars. 45 00:02:42,880 --> 00:02:47,000 Speaker 3: Some customers slowed bookings. The company show declines on multiple 46 00:02:47,280 --> 00:02:51,280 Speaker 3: key metrics. Hurts offering fewer cars for rent. It's trying 47 00:02:51,320 --> 00:02:53,800 Speaker 3: to freshen up the fleet and customer there. 48 00:02:54,040 --> 00:02:57,200 Speaker 2: Yeah, yeah, you're you're like ginormous Herts. But is Huber 49 00:02:57,440 --> 00:03:00,480 Speaker 2: change their model. If I'm flying into a and I 50 00:03:00,480 --> 00:03:02,520 Speaker 2: don't need to run a car, I just get an. 51 00:03:02,480 --> 00:03:05,240 Speaker 1: Uber right right exactly. But if you're gonna be cruising around, 52 00:03:05,320 --> 00:03:05,800 Speaker 1: I stick it. 53 00:03:05,840 --> 00:03:07,400 Speaker 3: When was the last time you were in a car? 54 00:03:07,639 --> 00:03:09,040 Speaker 3: When you drove a car? 55 00:03:09,800 --> 00:03:13,960 Speaker 2: A long rain question? I stood in line. They wanted 56 00:03:13,960 --> 00:03:17,800 Speaker 2: my original Social Security card, which I said was you know? 57 00:03:17,840 --> 00:03:21,560 Speaker 2: They used a quill pen right to figure out. She says, well, 58 00:03:21,600 --> 00:03:23,080 Speaker 2: you have to go get a new card. And I 59 00:03:23,120 --> 00:03:24,640 Speaker 2: never went and got it. I never drove. 60 00:03:24,919 --> 00:03:26,680 Speaker 3: You still have the Nash parked outside. 61 00:03:26,720 --> 00:03:29,000 Speaker 2: I at the Nash in the garage and Missus King 62 00:03:29,080 --> 00:03:31,560 Speaker 2: drives it, you know with the chains on yep, in 63 00:03:31,600 --> 00:03:34,440 Speaker 2: the in the winter, but in the we have the Bentley. 64 00:03:34,600 --> 00:03:37,520 Speaker 2: But you know, other than that, but you know, you know, 65 00:03:37,720 --> 00:03:40,920 Speaker 2: I I'm very lucky. I don't have to put up 66 00:03:41,000 --> 00:03:45,960 Speaker 2: with the expenses of children and auto and shot. 67 00:03:46,040 --> 00:03:49,680 Speaker 3: And it's not just the expense, but you can attest 68 00:03:49,720 --> 00:03:52,960 Speaker 3: to this, but it's just constant worry when they're out somewhere. 69 00:03:54,440 --> 00:03:58,560 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 70 00:03:58,680 --> 00:04:01,440 Speaker 1: us throughout the day for the latest roundup of companies 71 00:04:01,480 --> 00:04:04,520 Speaker 1: making news on Wall Street and for the latest market 72 00:04:04,560 --> 00:04:08,880 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:04:08,960 --> 00:04:12,200 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:04:12,280 --> 00:04:13,720 Speaker 1: the Bloomberg Business app.