Charter logs S&P 500's worst decline amid churn warning
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With most of the market significantly higher, Charter Communications stock (NASDAQ:CHTR) has logged its worst decline in weeks - sliding 3.8% and leading S&P 500 decliners, as its chief financial officer issues a churn warning.

Speaking at a Credit Suisse conference, CFO Jessica Fischer warned the company expects some heavier churn for customers in subsidy programs.
Notably, some 60,000-70,000 customers on the Emergency Broadband Benefit subsidy will be churned in the second quarter, Fischer says.
That should still result in positive growth in high-speed Internet despite that dropout, she says. But the comments are no doubt landing with telecom investors who have been nervous for months about broadband growth.
Last quarter, Charter (CHTR) added 164,000 residential subscribers to high-speed Internet, down substantially from 334,000 adds in the prior-year period.