UnitedHealth Plunges, Lilly Gains on Weight-Loss Pill, Trump Slams Powell 4/17/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 17 April 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wrapping up a volatile holiday-shortened trading week, Carl Quintanilla, Jim Cramer and David Faber delved into two big movers: UnitedHealth plunging and dragging the Dow into sell-off mode after posting an earnings miss and slashing guidance due to higher medical care costs. A different story for Eli Lilly -- shares surging in reaction to late-stage trial results involving its experimental obesity pill. The anchors reacted to President Trump's Truth Social post blasting Jerome Powell -- it says the Fed chair's "termination cannot come fast enough." Also in focus: Nvidia CEO Jensen Huang visits China and Taiwan Semiconductor beats on earnings after Wednesday's chip sector sell-off, "Faber Report on" Global Payments' $22.7 billion acquisition. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer, David Faber, post-9 to the New York Stock Exchange. Rapping up a holiday shortened week with a wave of news, the president trash is Powell as the ECB cuts for a seventh time. UNH is going to pinch the Dow by several hundred points as we watch Lily,
0:22.4	MX, NVIDIA, Horton,
0:24.3	the regional banks, CB cuts for a seventh time. UNH is going to pinch the Dow by several hundred points as we watch Lilly, Amex,
0:22.9	and Vidia, Horton, the regional banks and more.
0:25.6	A roadmap begins with UNH, tumbling in the pre-market after this earnings miss, slashing its
0:30.0	guidance due to some higher medical care costs.
0:32.7	On the flip side, sure is the Eli Lilly.
0:34.7	They're up sharply this after its experimental weight loss pill.
0:39.1	Pill being the key here.
0:40.4	It met the company's goals in a late stage trial.
0:42.7	There are more trials yet to come.
0:44.9	Also this morning, President Trump takes to true social to slam Jerome Powell this one day after the Fed chair's remarks on the economy.
0:52.4	The president posting, quote, Powell's termination cannot come fast enough.
0:58.4	Let's begin with United Health.
0:59.8	Those shares are on track for one of the worst gap opens, at least, Jim, in about a quarter century.
1:05.5	I am shocked.
1:07.1	I mean, it wasn't just any one division.
1:09.9	Remember medical advantage had been a culprit?
1:13.6	Medicare Advantage.
1:15.2	This was everything.
1:16.9	I mean, Optum, the Optum healthcare system was wrong.
1:20.4	I checked him with CVS with Edna.
	...

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