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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:20,200 Speaker 1: Let's get to some stocks on the move on this Monday. 5 00:00:20,320 --> 00:00:22,040 Speaker 1: I'm going to talk about Rare Earth because they were 6 00:00:22,040 --> 00:00:26,640 Speaker 1: definitely on the move today. The reason is USA rare 7 00:00:26,640 --> 00:00:29,639 Speaker 1: Earth signing a NOD binding agreement with the Commerce Department 8 00:00:29,680 --> 00:00:32,560 Speaker 1: for one point six billion in funding. It's the latest 9 00:00:32,560 --> 00:00:35,080 Speaker 1: White House steel to boost production of rare earth elements 10 00:00:35,159 --> 00:00:39,880 Speaker 1: on domestic soil. So you saw shares of US A 11 00:00:40,120 --> 00:00:47,760 Speaker 1: rare Earth ticker is USA and a I'm sorry, should we. 12 00:00:47,760 --> 00:00:48,360 Speaker 2: Try that again? 13 00:00:48,440 --> 00:00:53,600 Speaker 1: Ticker is USAAR. The company is USA rare Earth. Thank 14 00:00:53,640 --> 00:00:54,040 Speaker 1: you for that. 15 00:00:54,240 --> 00:00:55,760 Speaker 3: You're welcome, such a good partner. 16 00:00:55,880 --> 00:00:58,720 Speaker 1: Greatest is Anyway, the stock was up as much as 17 00:00:59,360 --> 00:01:02,320 Speaker 1: twenty nine percent in today's session. It finished with a 18 00:01:02,360 --> 00:01:06,200 Speaker 1: gain of seven point eight percent, so definitely off its 19 00:01:06,240 --> 00:01:09,560 Speaker 1: highs of the session, but nonetheless certainly one that was 20 00:01:09,600 --> 00:01:10,560 Speaker 1: on our radar today. 21 00:01:10,840 --> 00:01:13,920 Speaker 3: We had a great chat with Jacob Lawrence. He joined 22 00:01:14,000 --> 00:01:17,520 Speaker 3: us in our show Bloomberg BusinessWeek Daily. If you missed 23 00:01:17,520 --> 00:01:19,920 Speaker 3: that conversation, check it out on our podcast feed. He 24 00:01:20,920 --> 00:01:23,080 Speaker 3: gave some great context about this type of what the 25 00:01:23,080 --> 00:01:25,640 Speaker 3: company does and also the other companies that are like 26 00:01:25,720 --> 00:01:30,080 Speaker 3: lining up clamoring because you know, just the Commerce Department 27 00:01:30,120 --> 00:01:33,040 Speaker 3: in the United States government showing we're serious about spending 28 00:01:33,080 --> 00:01:35,680 Speaker 3: money to gain access to rare earths. 29 00:01:35,720 --> 00:01:37,880 Speaker 1: But the reality of mining companies, there's a lot out 30 00:01:37,920 --> 00:01:40,520 Speaker 1: there until they you know, there's there's a lot of 31 00:01:40,520 --> 00:01:43,320 Speaker 1: work to be done, until maybe a mind potentially pays 32 00:01:43,360 --> 00:01:46,280 Speaker 1: off if it actually does in the end. All right, 33 00:01:46,360 --> 00:01:49,960 Speaker 1: So USA Rare Earth was one name that was definitely 34 00:01:49,960 --> 00:01:51,520 Speaker 1: a gainer. The other one I want to go to 35 00:01:51,640 --> 00:01:54,760 Speaker 1: is game Stop courtesy of Tim putting this on my radar. 36 00:01:55,280 --> 00:02:00,280 Speaker 1: Ticker is GME, and that stock we definitely saw on 37 00:02:00,360 --> 00:02:02,400 Speaker 1: the move, was up as much as eight point eight percent, 38 00:02:02,480 --> 00:02:04,160 Speaker 1: finishing the day with about a four and a half 39 00:02:04,200 --> 00:02:08,280 Speaker 1: percent gain in today's session, so rallying on heavy volume. 40 00:02:08,520 --> 00:02:11,360 Speaker 1: Michael Burry, you might remember him from the Great Financial Crisis, 41 00:02:12,040 --> 00:02:15,400 Speaker 1: the Big short in terms of concerns about what was 42 00:02:15,440 --> 00:02:17,800 Speaker 1: going in the housing market back then. He was right 43 00:02:18,160 --> 00:02:21,520 Speaker 1: about his trade. Put a post out on substack. He says, 44 00:02:21,560 --> 00:02:24,280 Speaker 1: I own game Stop. I've been buying it recently. I 45 00:02:24,360 --> 00:02:26,280 Speaker 1: expect I am buying it what may soon be one 46 00:02:26,320 --> 00:02:30,000 Speaker 1: times tangible book value, one time's net acid value. Anyway, 47 00:02:30,040 --> 00:02:33,080 Speaker 1: he goes on. He says, I believe in Ryan Cohen 48 00:02:33,320 --> 00:02:35,240 Speaker 1: and what he's doing at the company. He says, I'm 49 00:02:35,240 --> 00:02:37,799 Speaker 1: fifteen years his senior, but not too old to be patient. So, 50 00:02:37,800 --> 00:02:40,200 Speaker 1: in other words, this isn't just a quick trade on 51 00:02:40,240 --> 00:02:42,880 Speaker 1: his part. He's planning to be in it for the 52 00:02:42,919 --> 00:02:43,440 Speaker 1: long run. 53 00:02:43,760 --> 00:02:47,760 Speaker 3: Okay, we remember he's a Chewy fan. Who's that Ryan Cohen? 54 00:02:48,360 --> 00:02:52,560 Speaker 3: Way back when, way back when? Yeah, yeah, right, oh yeah, 55 00:02:52,560 --> 00:02:55,799 Speaker 3: it was great. I mean that company led me some Chewy. 56 00:02:56,040 --> 00:02:58,079 Speaker 1: Yeah, well used to. I don't know that I did 57 00:02:58,080 --> 00:03:00,760 Speaker 1: as much, but yeah, we used Chewy for the pups. 58 00:03:00,800 --> 00:03:01,440 Speaker 1: What do you get from me? 59 00:03:01,639 --> 00:03:04,680 Speaker 3: I got insurers taking a look at shares of major 60 00:03:04,720 --> 00:03:09,399 Speaker 3: insurance companies after market story. Yeah, United Healthcare CVS, Humana. 61 00:03:09,480 --> 00:03:12,560 Speaker 3: Shares of major US insurers fell after the US proposed 62 00:03:12,560 --> 00:03:16,560 Speaker 3: holding payments to private Medicare plans flat. Next year, United 63 00:03:16,560 --> 00:03:19,639 Speaker 3: Health fell as much as nine point three percent, Humanis 64 00:03:19,680 --> 00:03:22,919 Speaker 3: sunk as much as fifteen percent. Medicare advantage payment rates 65 00:03:22,919 --> 00:03:25,959 Speaker 3: will rise by not even one tenth of one percent 66 00:03:25,960 --> 00:03:28,480 Speaker 3: in twenty twenty seven. That's according to the Centers for 67 00:03:28,560 --> 00:03:31,160 Speaker 3: Medicare and Medicaid Services. That's lower than the increase that 68 00:03:31,240 --> 00:03:34,840 Speaker 3: analysts had been expecting. The proposed payment policies are intended 69 00:03:34,840 --> 00:03:37,520 Speaker 3: to make sure Medicare advantage works better for the people 70 00:03:37,560 --> 00:03:42,600 Speaker 3: it serves, as according to CMS administrator memet Oz. Also 71 00:03:43,280 --> 00:03:45,880 Speaker 3: CBS shares dropping as much as ten percent in the 72 00:03:45,920 --> 00:03:46,560 Speaker 3: after hours. 73 00:03:46,760 --> 00:03:49,640 Speaker 1: Yeah, this is definitely a trade to watch in the 74 00:03:49,640 --> 00:03:52,640 Speaker 1: Tuesday session as well. So great right through by our 75 00:03:52,760 --> 00:03:55,000 Speaker 1: John Tazi, so you can read all about it on 76 00:03:55,040 --> 00:03:56,880 Speaker 1: the Bloomberg and also at Bloomberg dot com. 77 00:03:56,920 --> 00:03:59,320 Speaker 3: We should note that the update me although it means 78 00:03:59,360 --> 00:04:01,880 Speaker 3: there will be any increase for Medicare insurers that have 79 00:04:01,960 --> 00:04:04,920 Speaker 3: been had profits squeezed by rising care expenses in what 80 00:04:04,960 --> 00:04:08,920 Speaker 3: they call insufficient funding from the government. These rates are preliminary. 81 00:04:09,200 --> 00:04:11,120 Speaker 3: They need to be finalized in the months ahead, so 82 00:04:11,160 --> 00:04:13,280 Speaker 3: there is some room for them to increase. 83 00:04:13,080 --> 00:04:14,960 Speaker 1: Say some negotiating project going on. 84 00:04:15,040 --> 00:04:20,880 Speaker 2: So say tune the Stockmover's report from Bloomberg Radio. Check 85 00:04:20,920 --> 00:04:23,279 Speaker 2: back with us throughout the day for the latest roundup 86 00:04:23,279 --> 00:04:26,240 Speaker 2: of companies making news on Wall Street and for the 87 00:04:26,320 --> 00:04:30,760 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live. Catch 88 00:04:30,839 --> 00:04:34,320 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 89 00:04:34,320 --> 00:04:36,719 Speaker 2: Android Auto with the Bloomberg Business app.