1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:17,840 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,120 --> 00:00:20,840 Speaker 1: I'm Carol Master along with Tim Stanevik. Let's take a 5 00:00:20,840 --> 00:00:23,000 Speaker 1: look at some stocks on the move today. We're joined 6 00:00:23,040 --> 00:00:26,720 Speaker 1: now by Bloomberg News process at reporter Denita Sikova. Denita, 7 00:00:26,800 --> 00:00:29,440 Speaker 1: let's start with Jet Blue. It was another down day 8 00:00:29,440 --> 00:00:30,000 Speaker 1: for this company. 9 00:00:30,080 --> 00:00:33,760 Speaker 3: Yeah, the year today loss is now forty six percent. 10 00:00:33,960 --> 00:00:38,040 Speaker 3: Today it closed down eight percent. It's coming after news 11 00:00:38,080 --> 00:00:42,519 Speaker 3: about cost cuts, eliminating some of the roads, restricting of 12 00:00:43,000 --> 00:00:46,200 Speaker 3: this leadership ranks. The company has been doing so many 13 00:00:46,320 --> 00:00:52,040 Speaker 3: things to overcome this weakening demand in travel, which obviously 14 00:00:52,080 --> 00:00:55,639 Speaker 3: a lot of those airlines have been something that's been 15 00:00:55,680 --> 00:00:58,600 Speaker 3: coming in their costs more and more. We recently had 16 00:00:58,600 --> 00:01:01,760 Speaker 3: a partnership between United air Lines and Jet Blue, and 17 00:01:01,800 --> 00:01:05,479 Speaker 3: there was some optimism there about sharing points and kind 18 00:01:05,520 --> 00:01:09,360 Speaker 3: of the two companies benefiting from each other. But clearly 19 00:01:09,440 --> 00:01:12,280 Speaker 3: that wasn't enough. Jeed Blue withdrew their full year financial 20 00:01:12,280 --> 00:01:16,360 Speaker 3: outlook in April, and the cost cutting measures are not 21 00:01:16,520 --> 00:01:22,120 Speaker 3: so well accepted by investors because clearly this signals more 22 00:01:22,160 --> 00:01:25,040 Speaker 3: trouble in the company and as we said, down more 23 00:01:25,040 --> 00:01:27,240 Speaker 3: than forty percent year today and a lot of pressure 24 00:01:27,280 --> 00:01:29,080 Speaker 3: for airlines and travel more broadly. 25 00:01:29,240 --> 00:01:31,360 Speaker 1: Well, that's where I wanted to mention, right, Like we 26 00:01:31,400 --> 00:01:34,120 Speaker 1: saw in terms of the airline names, most of the 27 00:01:34,160 --> 00:01:35,959 Speaker 1: major names, if not all of them. If you look 28 00:01:35,959 --> 00:01:39,000 Speaker 1: at some of the supercomposite Airlines index in the S 29 00:01:39,040 --> 00:01:40,880 Speaker 1: and P five hundred, all of them were down today. 30 00:01:40,920 --> 00:01:42,720 Speaker 1: So it was not an easy day. But jet Blue 31 00:01:42,880 --> 00:01:46,680 Speaker 1: the worst performers. You said, jet Blue ticker Jblu down 32 00:01:46,959 --> 00:01:49,120 Speaker 1: almost eight percent in today's session. 33 00:01:49,320 --> 00:01:52,880 Speaker 2: All right, ticker hum Humana shares higher today. 34 00:01:53,000 --> 00:01:54,000 Speaker 1: What's going on with Humana? 35 00:01:54,080 --> 00:01:57,240 Speaker 3: We're having some good news there. The company is three 36 00:01:57,320 --> 00:02:01,640 Speaker 3: percent today. There are two to two parts of the story, 37 00:02:01,720 --> 00:02:04,240 Speaker 3: so it had a good investor days. We saw a 38 00:02:04,280 --> 00:02:08,120 Speaker 3: lot of optimism, some upgrades. For example, Key Bank Capital 39 00:02:08,200 --> 00:02:11,080 Speaker 3: Markets is saying that investor Day provided a clear picture. 40 00:02:11,720 --> 00:02:15,160 Speaker 3: They gave a big plan that's all the way to 41 00:02:15,200 --> 00:02:19,440 Speaker 3: twenty twenty eight. So there is like some measures for 42 00:02:20,200 --> 00:02:25,480 Speaker 3: costcus measures to include increase clinical excellence. So most of 43 00:02:25,560 --> 00:02:28,520 Speaker 3: analysts had a pretty positive reaction. There is one downgrade 44 00:02:28,520 --> 00:02:32,320 Speaker 3: from Bank of America, which actually maintains neutral but lower 45 00:02:32,360 --> 00:02:35,280 Speaker 3: surprise targets or it's not a down grade. But also 46 00:02:35,480 --> 00:02:39,080 Speaker 3: the other thing moving is in the Senate, they abandoned 47 00:02:40,000 --> 00:02:42,840 Speaker 3: one of the parts of the bill to cut costs 48 00:02:42,840 --> 00:02:46,120 Speaker 3: in the Medicare advantage program. And this is actually boosting 49 00:02:46,200 --> 00:02:52,359 Speaker 3: human and United health Care because obviously they're largely relying 50 00:02:53,320 --> 00:02:56,079 Speaker 3: retired Americans are relying on this, and this is good 51 00:02:56,080 --> 00:02:58,640 Speaker 3: news for the stock. The stock is still down five 52 00:02:58,720 --> 00:03:01,200 Speaker 3: percent a year today, but to much needed boost and 53 00:03:01,440 --> 00:03:03,680 Speaker 3: we're getting closer to being flat for the year. 54 00:03:03,840 --> 00:03:05,440 Speaker 1: All Right, just got about twenty seconds. 55 00:03:05,520 --> 00:03:05,760 Speaker 2: Quick. 56 00:03:06,160 --> 00:03:08,440 Speaker 1: Tim has talked about this throughout the day, seller stocks 57 00:03:08,440 --> 00:03:10,400 Speaker 1: arounder pressure. Just quickly, what do we need to know? 58 00:03:10,600 --> 00:03:13,520 Speaker 3: Yeah, they we saw some big drops today. For example, 59 00:03:13,600 --> 00:03:16,320 Speaker 3: Sun run with ticker are you and was down forty percent. 60 00:03:16,400 --> 00:03:19,040 Speaker 3: We saw a lot of similar drops about thirty twenty percent. 61 00:03:19,560 --> 00:03:22,360 Speaker 3: We're going back to that build that's moving through Senate. 62 00:03:22,600 --> 00:03:25,440 Speaker 3: They released the build that and tax credits for wind 63 00:03:25,520 --> 00:03:28,080 Speaker 3: and so there are some other credits that are extended 64 00:03:28,120 --> 00:03:32,120 Speaker 3: through twenty thirty six. But that's definitely putting a lot 65 00:03:32,160 --> 00:03:36,200 Speaker 3: of pressure on solar stocks. We're seeing some big downgrades 66 00:03:36,240 --> 00:03:37,760 Speaker 3: and more pressure. Of course, there are a lot of 67 00:03:37,840 --> 00:03:40,640 Speaker 3: changes there, so we yet to confirm the final bill. 68 00:03:42,560 --> 00:03:46,680 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 69 00:03:46,760 --> 00:03:49,880 Speaker 2: us throughout today for the latest roundup of companies making 70 00:03:49,960 --> 00:03:53,520 Speaker 2: news on Wall Street and for the latest market moving headlines. 71 00:03:53,680 --> 00:03:57,600 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 72 00:03:57,640 --> 00:04:00,440 Speaker 2: dot com, and on Applecarplay and Android autio with the 73 00:04:00,480 --> 00:04:07,080 Speaker 2: Bloomberg Business app MHM.