The Pre-Market Rundown 2: April 16, 2024

Wall Street is pointed towards a mixed open this morning and focused today data on housing and earnings from United Airlines. United Health’s quarterly profit takes a nearly $900 million hit from the cyber attack on its Change Healthcare unit in February. This is the company’s first public comment on the financial cost of the data breach, which has disrupted pharmacies, hospitals, doctors offices and other healthcare providers and community health centers. United Health has provided more than 6 billion in funding to certain providers. Doc Martens is getting dinged today, shares of the maker of the iconic steel toed boots losing a third of their value in London. The company’s U.S. business is struggling so much it has to spend even more for additional storage space for inventory it cannot sell. Doc Martens warning, in a worst case scenario, it will earn just a third of what it did last year. For CNBC Business News, I’m Pippa Stevens.

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