1 00:00:02,520 --> 00:00:07,840 Speaker 1: Bloomberg Audio Studios podcast, The Stockboler's Report, your roundup of 2 00:00:07,880 --> 00:00:11,440 Speaker 1: companies making moves in the stock market, harnessing the power 3 00:00:11,480 --> 00:00:14,360 Speaker 1: of Bloomberg Data stock movers. 4 00:00:14,360 --> 00:00:17,840 Speaker 2: It's a podcast. Alexis krostoffers here to tell us what 5 00:00:18,280 --> 00:00:18,520 Speaker 2: you do? 6 00:00:18,600 --> 00:00:19,840 Speaker 1: You start with U n H. 7 00:00:19,880 --> 00:00:22,000 Speaker 2: Sure do you bury that? You start with you and 8 00:00:22,120 --> 00:00:25,160 Speaker 2: A see great minds here, Tom. Yeah. United Healthcare really 9 00:00:25,200 --> 00:00:28,000 Speaker 2: taking it on the chin here, down sixteen percent pre market. 10 00:00:28,240 --> 00:00:30,600 Speaker 2: That's really why Dow futures are lower, because we've got 11 00:00:30,600 --> 00:00:33,520 Speaker 2: SMP and ASTAK futures higher. So the story with United Healthcare, 12 00:00:33,560 --> 00:00:35,559 Speaker 2: it's really been hit with a double whammy here right 13 00:00:35,560 --> 00:00:39,040 Speaker 2: out with earnings this morning, forecasting a decline in revenue 14 00:00:39,080 --> 00:00:43,800 Speaker 2: for this year, its first annual contraction in more than 15 00:00:44,000 --> 00:00:47,080 Speaker 2: three decades. Folks, this company is trying to win back 16 00:00:47,120 --> 00:00:50,760 Speaker 2: the trust of the public. It's signaling a company in 17 00:00:50,800 --> 00:00:53,519 Speaker 2: this year that's going to have a smaller footprint, fewer members, 18 00:00:54,120 --> 00:00:57,520 Speaker 2: higher profits, with revenue set to drop at both United 19 00:00:57,520 --> 00:01:01,040 Speaker 2: Healthcare and its optim Services vision. You know, this is 20 00:01:01,160 --> 00:01:05,560 Speaker 2: a healthcare giant that grew aggressively through acquisitions over the 21 00:01:05,600 --> 00:01:07,840 Speaker 2: past decade. It's now trying to shed those assets to 22 00:01:08,200 --> 00:01:10,880 Speaker 2: boost profits. So a tough day for United Health but 23 00:01:10,920 --> 00:01:13,600 Speaker 2: also for all the health insurers. On news that the 24 00:01:13,600 --> 00:01:17,840 Speaker 2: Trump administration is proposing holding payments to private medicare plans 25 00:01:17,920 --> 00:01:21,080 Speaker 2: flat next year, and so we're seeing human as CVS 26 00:01:21,080 --> 00:01:24,640 Speaker 2: Health falling sharply as well. All right, United Healthcare, Yeah, 27 00:01:24,680 --> 00:01:27,400 Speaker 2: that's moving in the Dow for sure. Yeah. Jet Blue 28 00:01:27,480 --> 00:01:30,640 Speaker 2: another mover to the downside today, down about six percent. 29 00:01:30,720 --> 00:01:32,640 Speaker 2: And I looked at the chart here on Bloomberg and 30 00:01:32,720 --> 00:01:35,960 Speaker 2: it's thank forty two percent last year. So it hasn't 31 00:01:36,000 --> 00:01:38,160 Speaker 2: been a good time for Jetloo Regional AIRLA is there? 32 00:01:38,520 --> 00:01:41,360 Speaker 2: Do you agree that there's a why? Like I get 33 00:01:41,520 --> 00:01:44,520 Speaker 2: no buzz on jet people love it. I just you know, 34 00:01:44,800 --> 00:01:47,240 Speaker 2: talking to George Ferguson of Bloomberg Intelligence, if you're a 35 00:01:47,280 --> 00:01:49,160 Speaker 2: major airline United American. 36 00:01:48,920 --> 00:01:51,480 Speaker 1: You know, business is okay, too good. But if you're 37 00:01:51,520 --> 00:01:53,320 Speaker 1: one of those regional players, it's tough out. 38 00:01:53,240 --> 00:01:55,880 Speaker 2: There because you don't have the miles of curves and 39 00:01:55,960 --> 00:01:57,280 Speaker 2: the cross you know, what. 40 00:01:57,320 --> 00:01:57,800 Speaker 1: Else do you have? 41 00:01:57,920 --> 00:02:01,080 Speaker 2: Looks all right? And then we've got fat brands, all right. 42 00:02:01,080 --> 00:02:04,760 Speaker 2: This is the owner of restaurant chains Fatburger, Johnny Rocket's 43 00:02:04,760 --> 00:02:08,320 Speaker 2: twin Peaks the latest casual dining brand to file for 44 00:02:08,480 --> 00:02:11,919 Speaker 2: Chapter eleven bankruptcy. My kids love Johnny Rockets back in 45 00:02:11,960 --> 00:02:13,600 Speaker 2: the day. Well, they say they're going to try to 46 00:02:13,639 --> 00:02:16,240 Speaker 2: stay open while they work their way through Chapter eleven. 47 00:02:16,480 --> 00:02:19,480 Speaker 2: But look, Hooter's Red Lobster TGI Fridays. They all had 48 00:02:19,560 --> 00:02:23,400 Speaker 2: to you know, file for bankruptcy recently, and you know, 49 00:02:23,480 --> 00:02:26,720 Speaker 2: as usual, shareholders will probably be completely wiped out. They 50 00:02:26,760 --> 00:02:30,240 Speaker 2: also have some other creditors who may not get much, 51 00:02:30,440 --> 00:02:33,040 Speaker 2: if anything at all, including Cisco, the food delivery service 52 00:02:33,120 --> 00:02:36,760 Speaker 2: and door Dash, also a significant creditor for fat brands. 53 00:02:38,080 --> 00:02:42,080 Speaker 1: This stock Movers report from Bloomberg Radio. Check back with 54 00:02:42,160 --> 00:02:44,760 Speaker 1: us throughout the day for the latest roundup of companies 55 00:02:44,840 --> 00:02:47,880 Speaker 1: making news on Wall Street and for the latest market 56 00:02:47,960 --> 00:02:52,440 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 57 00:02:52,520 --> 00:02:56,000 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 58 00:02:56,080 --> 00:02:57,560 Speaker 1: the Bloomberg Business app.