emily: do you think foley survives? >> i do.nk we have seen the control structure there, we have seen how the board is organized. i think it would be very hard to remove foley, who would have to step down on his own and i am not sure why he would. he is the guy who built the company. emily: ok. lots to continue to follow. thank you for that update. a story we continue to watch, tesla runs the most productive auto factory in america. last year, the tesla plant in california produced 8000 cars a week, more than the toyota factory in kentucky as well as the bmw plant in --. elon musk says he wants to increase production at both his california and shanghai facilities by 50%. the 19-year-old hacker who broke into two dozen teslas, bespeak exclusively with david columbo who discovered a dangerous security flaw that allowed to turn cars on and off remotely. this is bloomberg. ♪ what the -- every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast b

i agree with commissioner foley. let's let the staff make that best appropriate determination. that's sensible motion. i like that. >> commissioner: and if then we could just be updated i guess on the result of that, i think that would be nice. i would also like to just question that since -- well, i'd like to question the window change as well and since the windows are getting replaced anyhow, it does seem more appropriate that the three over three configuration which would erroneously was included in the first packet would be the way to go rather than a two over two. >> if i may speak to that. hi, it's megan here. we are currently only replacing eight units. so if we were to revert it back to the three over three, it would no longer match the remaining twelve units on the building next to it. just something to consider. >> commissioner: sure. and then i guess to followup on that discussion, do we know how old the other i think you said twelve units are if they're near the end of their youthful life, replacement of those might be around the corner as well. >> right. the eight

john foley said the incorrect information was leaderboard. because of the financial losses foley says peloton is considering layoffs and curbing production. >> we are now less than 48 hours away from the 49ers game against the packers in green bay, wisconsin. abc7 was at levi stadium earlier this afternoon as the team busses filled up to head to the airport. tonight j.r. stone spoke to 49ers fans who also made the trek to green bay. >> i have never been there before. i've been to tahoe but green bay cold is a different kind of cold. >> he was talking about green bay, wisconsin. banks arrived there tonight via phoenix and milwaukee just as the san francisco 49ers arrived on these planes and then made their way to their hotel on team busses. get your gear out. we're now less than 48 hours from the niners divisional round playoff game against the green bay packers. the plane conditions? >> freezing cold. it is minus four now. the weather feels like minus 8 and supposed to get to minus 10. definitely not used to this being from the bay area. >> t

john foley said the incorrect information was leaderboard.ecause of the financial losses foley says peloton is considering layoffs and curbing production. >> we are now less than 48 hours away from the 49ers game against the packers in green bay, wisconsin. abc7 was at levi stadium earlier this afternoon as the team busses filled up to head to the airport. tonight j.r. stone spoke to 49ers fans who also made the trek to green bay. >> i have never been there before. i've been to tahoe but green bay cold is a different kind of cold. >> he was talking about green bay, wisconsin. banks arrived there tonight via phoenix and milwaukee just as the san francisco 49ers arrived on these planes and then made their way to their hotel on team busses. get your gear out. we're now less than 48 hours from the niners divisional round playoff game against the green bay packers. the plane conditions? >> freezing cold. it is minus four now. the weather feels like minus 8 and supposed to get to minus 10. definitely not used to this being from the bay area. >> the

we will talk about it with jane foley, head of fx strategy at rabobank.his is bloomberg. ♪ pm johnson: any attack on its neighbor will be followed by further signs in on russia, helping ukraine defend itself, and by increased nato resins to increase our allies on the eastern flank. guy: boris johnson speaking earlier today. a chance to talk about something other than what has been going on inside 10 downing street. the focus on foreign policy probably a welcome break. the growing controversy over allegations that he and his staff held a series of parties that broke government pandemic rules at the height of the lockdown really the major story surrounding boris johnson. today we understand that the police are now investigating a number of those parties, and we await the gray report into what exactly happened. joining us to get a sense of how much longer boris johnson may last as prime minister, bloomberg's david merritt. the involvement of the police is a significant step in the wrong direction for boris johnson. david: it really is. listening to the commi

i agree with commissioner foley. let's let the staff make that best appropriate determination.s sensible motion. i like that. >> commissioner: and if then we could just be updated i guess on the result of that, i think that would be nice. i would also like to just question that since -- well, i'd like to question the window change as well and since the windows are getting replaced anyhow, it does seem more appropriate that the three over three configuration which would erroneously was included in the first packet would be the way to go rather than a two over two. >> if i may speak to that. hi, it's megan here. we are currently only replacing eight units. so if we were to revert it back to the three over three, it would no longer match the remaining twelve units on the building next to it. just something to consider. >> commissioner: sure. and then i guess to followup on that discussion, do we know how old the other i think you said twelve units are if they're near the end of their youthful life, replacement of those might be around the corner as well. >> right. the eight that w

essentially john foley is not denying the claims. what's going on here. according to the documents we obtained at cnbc, we can see that peloton is coming out of the pandemic. i know the facing that same demand that it was in 2020 and 2021, and it does have to go through somewhat of a reset to really get back to normal levels of both production and the demand that it will be seeing from consumers from here on out. >> they're not the only ones on this pandemic roller coaster, netflix, not as many subscribers. but what i did hear from my friends yesterday who are peloton addicts, what does this mean for me? are my favorite people suddenly going to go away? what can you tell them about that? >> sure. if you're a current peloton customer, subscriber, you shouldn't expect many changes, really. peloton arguably has such a loyal base of users, of riders, and those folks should not anticipate, you know, that any of this -- this is more about future demand, right, that we're talking about here with future production of its exercise equipment.

he wanted to submit any comments related to this before he had to leave. >> commissioner foley, did you want to share some of your comments about the -- >> i would love to. i actually love this theater, and i think the building itself is amazing, and it's hard to renovate these buildings. i did renovate a church once, i think, that people know about, but when you do keep that peace of history and a fabric of the community, it really means something, so i am really excited about this project, and i'm really excited about it being on the -- nominated, so thank you very much for the time today. >> thank you. >> clerk: pilar, the floor is yours. >> okay. let me just share my screen. all right. thank you. good afternoon, commissioners. pilar lavalley, planning department staff. before you is a landmark designation for the clay theater, at 2261 fillmore street. on june 15, 2021, supervisor stefani introduced a resolution to initiate preservation of the clay theater. both the commission and the full board voted unanimously to approve this resolution on august 4, which became effective with

it gives foley and others a supermajority in the votes julianna >>> let's talk about kohl's.t could value the company at $9 billion. sycamore partners is willing to pay $65 a share. topping the bid from last week it is backed by star board value. kohl's has been under pressure with two major shareholders purcha pushing for a sale kohl's has been under a huge amount of pressure we had the kohl's ceo on in december he made it clear that my number one priority of the board is to drive shareholder value. i think it will be fascinating to see how kohl's responds to this bidding war and whether we do see them capitulate and sell some of its business some or all. kohl's has been a classic retail store trying to compete with online giants and partnering with amazon to allow returns in store. the store is struggling to drive sales. >> that, to me, is key, julianna the pandemic and shifting shopping trends. we hear one-top shopping might be the answer here real estate and people loathe to go out of their homes and into stores, that is key. real estate is at the center of the story. pot

no comment from peloton or blackwells or foley yet. they have super voting shares of the stock.t means it would take significant pressure and stakes from other shareholders to make any changes at the company >>> stock number two kohl's and a possible bidding war days after $64 billion -- $64 per share bid. private equity firm sycamore partners is preparing an offer and reuters show the offer values kohl's at $9 billion or $65 per share. >>> number three, nelson peltz's hedge fund has built a sizable stake in unilever. that is part of the bid to ratchet up pressure on the consumer goods company the size and stake and timing of the buying are not known, but the move comes amid unilever's failed $68 billion consumer health business. in 2017, peltz's bought into p&g at that time peltz loves consumer products companies and served on the bo board of heinz. >>> let's get into the other key headlines. including a simple and insane football weekend we're all exhausted. frances rivera is in new york with more. give the super bowl to the chiefs or bills. that was insane, frances >> all of

let's get jane foley's view on what is happening here.ane foley of rabobank says basically, the dollar isn't done yet. she weighed in a little earlier. jane: i don't think the dollar is totally done yet. positioning is a large part of the story of why the dollar isn't fully back. the market was just too long. guy: that takes us to our question of the day. does the buck stock here -- does the buck stop here? jack mcintyre, brandywine global vestment portfolio managers are -- global investment or folio manager -- investment portfolio manager, says the dollar has indeed reached its peak, and it will go down from here. what is going on? jack: i think we are transitioning from a focus on relative monetary policy, and last year the fed moved in front of a lot of other developed central banks, but i think the key for this year is going to be currency markets are going to focus on relative growth differentials. in 2017 we had a very broad-based global growth backdrop. that was an environment where the dollar weakened. i think we are going to tran

in the fourth minute, referee tom foley spotted an off—the—ball tackle. penalty try to wasps.ed a penalty, that they had scored a try to take the lead. the eagle—eyed officials spotted a foul in the build up — no try. the tigers had dominated the first half and deserved the score that finally put them ahead, converted by george ford, 13—11 to leicester. but two second—half penalties put wasps back into the lead, 16—13. and try as they might, leicester couldn't break them down. conceding a penalty with a final meaningful attack, wasps celebrated a hard earned victory. drew savage, bbc news. elsewhere, bottom side bath recorded their first premiership win of the season despite a gallant effort from worcester, who played almost the whole match with 1a men. 22—19, it finished. meanwhile, saracens moved to the top of the women's premier 15s table after a comprehensive 104—0 win over bottom side dmp durham sharks. in a completely one—sided affair, sarries ran in 18 tries with hat—tricks for england pair marlie packer and poppy cleall. snooker�*s masters is back at its familar home o

this is an important block into the next hour, abby joseph cohen when, jane foley with us.ay? kriti: we are going into earnings season tomorrow. one of the biggest questions is do we start to see a reversal of that 15 year downtrend between value and growth. i just had to go one step further and take a look at what exactly in that value index is actually doing the best. if you compare with the banks are doing to the s&p 500 value index, you are going to see various outperformance, especially in the first 13 days of the year. that is really what my chart of the day shows. i met is well just show a chart of the 10 year yield because that outperformance is really mirroring what you are seeing in the rates space, but it is not just yields pushing the sector higher. you have loan growth expected to grow quite a bit, and line with that booming economy, in addition to the fact that a lot of growth strategists have said you are going to see higher volatility into 2022, and at the end of the day, that plays into profits over at trading desks. tom: plus to talk about tomorrow morning

they sent a note to the foley family demanding his release when u.s. army soldier, the taliban also demanded his release. i think partly because she is a sister, a woman, she is a mother of three. >> you mean the taliban demanded her rehaes? release? >> yeah, sorry, yes. they demanded siddiqi's release. so i think this is not the first time that somebody with really no relationship to her -- he wasn't a brother. he was a sister in islam that he was trying to release and it is a common narrative. and by the way, in her native pakistan when she was sentenced to 86 years, thousands of people poured into the streets to protest what they see as unjust detention, even though a court of law -- that she was rightly to be charged with attempted murder. >> correct that she had been a neuro scientist? >> yeah, she has degrees from mit in biology and neuroscience. so she is a smart person, clearly. an accomplished person. but also, a person with, you know, very dangerous ideas. >> juliette, i want to get your reaction to the breaking news that we are learning toni

but last night peloton's ceo john foley said the report was false, incomplete, and out of context. >>risis is averted. even the girl scouts can't escape the supply chain crisis. a labor disruption temporarily caused a shortage of adventurefuls, the newest cookie. only certain markets were affected including the washington, d.c., area. at first sales of the sweet treat were going to be capped, but the girl scouts found more bakers to meet demand for adventurefuls. it's a brownie-inspired cookie with carmel flavored cream topped with a hint of sea salt. so whew, that's what i have to say. >> yeah because that sounds good. i have to call up my supplier or supplier's mom. she doesn't have a phone, she's only 9. i'll talk to mom, put some aside. >> i love it. >> diane king hall in new york. diane, happy friday. >> happy friday. >>> well, up next, rap icons unite. we have a first look at the new trailer promoting the super bowl halftime show. ♪ ♪ ♪ ♪ (oven ding) tyson boneless buffalo bites have that tasty kick of flavor... ...so they're perfect for any get-together... if there are any left

as in apple foley as the thing i really like about the car, are the headlights not only do they look cool, but they also have these moving parts on the inside. there can therefore adapt the light though. if you're driving into cars, that is of course an homage to the 1st day asked that had that cornering light making the fifty's. so that was a real novelty. make that. as you might expect to 1st glance, the new d s 9 doesn't have very much in common with the old sit on the back here, you will find another reminiscence to the old, the s. and that is that positioning light right here. the d s had the indicators up there, but today you're not allowed to put them that high anymore. and that's why those are just positioning lights. but still a nice detail. ah, now that thing i really like about the d. s 9 is the integrated door handle. it's right here. i know only a few years ago you would find such door handles only on very expensive cars. now you will have that right here. you press the button, they pop out and then you can get it. so the interior is really high quality. you can tell tha

as in apple foley as the thing i really like about the car, are the headlights not only do they look cool, but they also have these moving parts on the inside. they can therefore adapt the light though if you're driving into cars, that is of course until march to the 1st day as that had that cornering light making the fifty's. so that was a real novelty back then. as you might expect to 1st glance, the new d s 9 doesn't have very much in common with the old sit on the back here, you will find another reminiscence to the old, the s. and that is that positioning light right here. the d s head the indicators up there, but today you're not allowed to put them that high anymore. and that's why those are just positioning lights. but still a nice detail. ah, now that thing i really like about the d. s. 9 is the integrated door handle. it's right here. i know only a few years ago you would find such door handles only on very expensive cars. and now you will have that right here. you press the button, they pop out and then you can get it with. so the interior is really high quality. you can t

for the way of justifying what's going on in these rooms here is i mrs. foley consummation center in indonesia. the mother has only 4 breastmilk, but they also can birth 5 to 8 as a baby also be able to give birth to 5 right babies. if we let them live in nature, some of the baby authors will die. the popularity of alter cafes has been steadily rising, but not all locations are quite as comfortable placing back animals on clear display and it soon becomes clear why without thank you. you having fun. oh hi guys. i hear a nice i i, i've only been in the small room for about 10 minutes with this music playing. and i'm already thought to lose my mind so much money likes babies, alters have a stuck in have almost all day every day. i mean back either i will, this isn't way it s or a time is up here. very eye opening experience flips i, these particular office up read in japan and then brought her where's the other place? we found out that they were ha, importing them from indonesia. so same time as whole, also tried as a bit of a web, right as to where are these animals coming from and wh

reports the company was temporarily halting production on its bikes in a statement, co-founder john foley called those reports false, and added that the company plans to reset production levels for sustainable growth this news comes as peloton projects it will end 2021 with $2.77 million subscribers. nbc's jake ward tells us more. >> what's up, peloton. >> reporter: peloton stock plunging a 52-week low after reports the company will temporarily stop making its bike and treadmill products according to a document obtained by cnbc, the company misjudged how many people would buy its product and is sitting on more inventory than it needs. at the same time, americans are returning to gyms and seeing similar products into the market >> in a confidential presentation, the company said demand for its equipment has taken a significant drop due to price sensitivity and increasing competition. >> reporter: this following a report citing sec filings that company executives and insiders sold some of nearly half a billion in stock in a pre-scheduled selling program before the share price fell more than

in the case of people like james foley, the american journalist, he went out there to tell the storiesg in syria. and also aid workers, people like david haines from perth in scotland, who had gone out to syria to help people. they all left behind these families, including here in the uk and several in the us as well. and families you made contact with. why did you do that? i know, i can see obviously it adds a human element, but i think there are also risks involved. do you worry about re—traumatising people, about asking families to live, relive what must have been the worst experiences of their lives? yeah, we asked ourselves and have asked ourselves over the last five, six years almost every possible ethical question injournalism. the first family member who we had regular contact with was the daughter of david haines, bethany haines, who was incredibly young at the time. she was at school. she was a teenager when her father was taken hostage. and actually some of those early contacts came, you know, on a very basic level because we were seeking comment on events that were happenin

so let me show foley bonus though he shes generally to avoid the pressure. so if somebody will be short as dodo you. hi, um once a month to month with one day, i guess if you get a gonna well i guess my father ah. then we moved to ben that it was in the window. they said it was an impala. we got a to bassetti, but if it didn't come back, follow the total good m as in a color with ah and the guy, i need you to move that a. he won't go through it and who are them? you are wrong. you bella knew in he is in the game on the schema, monica, the cannot briskly boys get it all get up and one of the bundle was the big. i don't know that in the all the above. if you could then do you oh, i see him with can with and walk us through as formula. listen to. so order by that am sam may, as you choose order, the sneaky little must and was, and one is still on, but then pitched one bus in the fall to do go. we did the remaining molo, wayne anerio, nasty calculus, mom as an, as it is an arc 7 call them and i left one more weight, but i cannot have them low on bush. the only k

so what misha foley bonus though he shes generally to avoid depression. so if somebody will be sure to totally understand my pin a with on wednesday, i guess if you're getting a healthy ah, then we move on to the next big come goes in the when did the said it was an impala . we got a to bassetti, brought up in a combat, follow the to look good m as in a color with oh god, i know you kinda move that honey. we'll go through it. who are them? your only wanna move in. he is in the game on the schema, monica, the cannot briskly but boys get it all, get them one of the bundle was the big. i don't know. i've done the all the other good monday. oh, i see in with can with and focus through as for me to listen to so order. but that am sam may, as it has all of the sneaky, little must and was, and wanted to one, but then pitched one bus in the fall to do go, we just thought of mainly molar wayne and primarily, all that. and lastly, plasma as an, as it is an ox, i'm calling left one more way, but i cannot have them low on bush the only keep the so the photo agent wil

so what misha foley bonus? delicious? generally to avoid the question. so if somebody will be sealed as dodo you don't mind. aah! with i, wendy, i guess if we get it going on like a little then we move to been that 2nd was in the when did the said it? when was an impala we got out of that time using it to bassetti, but if not combat, follow the total good m, as in a class with i am again, i need you to move that a 100. we'll go through each one of them. you're wrong in villa. move in. he is in the game on this schema, monica, the cannot briskly boys get it all get of them. one of the bundle was the big. i don't know. i've done the all the above it. you could bundy well i sky. mm. it would come with and hook as soon as homeless and cute. so daughter. by that am, sam may, as it has ordered, the sneaky little must and was, and one, it's joe on the 10th as to why neck bus injured the photo did go. we did thought of binding malo wayne anerio, that nasty plasma as an, as it is an arc 7 kong level, the elapsed one more word, but i cannot have them loan was the

commissioner foley? >> so i have a funny story about tu lan. i have been eating at tu lan since 1989. i used to own a bike store, and they used to bring their bikes over there and then ride them over to eat. i'm excited about all of these businesses. thank you. >> thank you. any other commissioners wish to share their comments? okay. i just have a few, if i can. yes, i am familiar with tia margarita, and i'm sure that commissioner johns and i will make an appointment to go there during our december break. i noticed two errors on the report. gloria's name is spelled incorrectly, and supervisor safai's name is spelled incorrectly. for tu lan, it is definitely a gem. i thought the detail that was provided was great, particularly the story shared by jim woods, but i'm wondering if staff could maybe do some edits for the consideration of section criteria two. i think we could maybe be a little bit more positive about the description of the neighborhood, and then possibly, when we consider templates of legacy businesses, considering one or all of the

brian, foley, we appreciate your time. you. >> griff: thick this out, todd, an nfl owner is in hot water for saying he doesn't care about china's horrific human rights abuses. >> number cares what happens, okay. you bring it up. >> what do you mean nobody care? >> the rest of us don't care. i'm telling you a very hard, ugly truth. of all things i care about, yes, it is below my name. >> enes kanter calling out the owner. >> you look at the people and what has happened is one of the worst human rights abuses of the day and there is genocide happening and he is saying, i can care less, it is a shame and it is disgusting. >> the organization saying the part owner does not speak on behalf of our franchise. and michael phelps weighing in on lia thomas. >> i think sports should be playod even playing field, i don't know what that looks like in the future, but it is hard. thomas has been demolishing female competition breaking two national records last month. ncaa says it will review guidelines for trans gender athletes on thursd

so what misha foley bonus? delicious? generally to avoid the question. so if somebody will be short as dodo you. hi, on sunday my been a with i, wendy, i guess bit if you get a little ah, then we moved to, but that was in the when did the said it? when was an impala, we got a to bassetti about of had not come back, follow the terrible good him is in a class with i am the guy. i need you to move my to honey. we'll go through each of them. you are wrong. you did a move in he is in the game on the schema, monica, the can knock, risky boys, get it all good. if then one of the bundle was the big i don't know about the all the above. if you could bundy him. oh, i mean, it would come up and walk us through as homeless and cute so daughter. but that am sam may as which has ordered the sneaky equipped, lo must and was, and one extra one. but then she went back past into the phone to do go, we just thought of binding mall away. and primarily, all that nest as an, as it is an arc 7 kong level, i laughed well, more weight, but i cannot have them low on. was the only

so let me show foley bonus though he shes generally to avoid depression. so if somebody will be short as dodo you. hi, on sunday, my pin a with on wednesday, i guess if you're getting gonna well i guess my father. ah. then we will have to been that it was in the when did the said it was an impala. we got a to bassetti, but if it didn't come back, follow the total good m as in a color with ah, and the guy i need you to move that a. he won't go through it and who are them your on? we will move in. he is in the game on the schema, monica, the not risky, but boys get it all get up to one of the bundle. was the big. i don't know, i've done the all the above it monday. oh, i. 6 it would come with and hook as soon as homeless and kid, so daughter. but that am sam may, as it has ordered, the sneaky little must and was, and one is still on the 10th as to why not passenger to phone to do go. we just thought of mainly molar wayne and primarily all that and that's like plasma. as an, as it isn't oxygen comb left when we're worried, barracka will not have them low on b

joining me now is jane foley, head of foreign exchange strategy at rabobank.ly busy in the era of driverless cars. this will be an interesting question in terms of who is responsible. it is. this isjust a recommendation, it is not law yet. we don't have much in the way of automated vehicles right now. there is a sliding scale about what constitutes an automated vehicle. hazlitt�*s system, for instance, is only level two, and that in legal terms is not an automated vehicle. at the moment in the uk and many other countries there is an ability to use what they call automated lane keeping systems, but it is very restricted. you can only use it in congested motorways, only up to about 37 mph, and you have to about 37 mph, and you have to be set there as the driver ready to take control within ten seconds. at the moment we don't have any legal automated vehicles, but these recommendations from the law commission are therefore when we do, and it means that if you have got an automated vehicle and it goes through a red light, it is not yourfault and it goes through a

so what michelle foley bonus though he shes generally for boy and the question. so if somebody will be sure to totally understand my problem with i, wendy, i guess, but if we get it going on my leg, my fidelity, then we moved to ben that was in the when did the said it, when was an impala we got out of that time he's in the to was said about if in combat follow the 2 good him is in a class with i am again, i need you to move out. whoa, whoa, whoa, whoa. who wrote them your wrong you villa move in. he is in the game on the schema, monica, the can knock, risky boys, get it done. oh, good of them. one of the bundle was the big. i don't know, i've done the all of the above. if you could, monday. oh, i sky. mm. it would come up and look as soon as homeless and cute, so daughter by that am, sam may, as if she has ordered the snaky equipped will, must, and was, and one extra one. but then as to when i pass into the phone to do go, we did thought bailey molo, wayne anerio, and asked as an, as it is an ox, i'm calling left one more word, but i cannot have them loan was th

we are talking about foley vaccinated low risk individuals.ple to put data in front of their schools instead of just accepting the document. spew and i would like to move on to this ron desantis thing because people talk about distinction people who come into the hospital with covid or for covid. the governor of florida said this and will get your response. speak out that's an important distinction to make when you haa variant like omicron that is muh more widespread. you were going to have people who get into a car accident and go into the emergency room. they're swabbing everybody. you're going to have people who have incidental positive. >> trace: what is he driving at here dr. makary and his is an important distinction to make? >> it's. in state leaders are getting frustrated at something that many of us a been calling on the cdc to report through the entire pandemic. they've not on it. the number one key indicator of where we stand with covid has always been new daily hospitalizations for covid here not just with covid. we even heard the

jane foley can join us from london, head of foreign strategy at rabobank.s the foreign strategy different now from where it was 13 days ago? what has changed? jane: if we go back to that last full week in december, we had all of those central-bank meetings, and euro-dollar did better, and i think that was the warning sign was long, so i think positioning is a large part of the story and why the dollar is pulling back. it is coordinating with a buildup of a consensus view on european equities, that being that there is less tech encyclicals and european equities, and a lot of commentators suggesting european can do well this year. people have been being short euro for a while. maybe you can reconfigure that. tom: away from the brexit ballet you are living in london, what is the positioning for trade this year? this is the meat and potatoes of rabobank. are you assuming a more buoyant trade regime that allows for foreign-exchange hedging? jane: definitely. if we talk about effects of hedging, i think we are going to have a lot more volatility this year. any wh

cnbc the documents show that momentum in the unit which is run by the chief executive officer, jon foley's fading after apparel revenue more than doubled from 2020 to 2021. that number coming in at $100 million. the stock moving higher today, but off session highs following this report. you can read it exclusively on cnbc.com >> now, cathie woods' ark innovation fund has been hit hard in the recent sell-off, even with today's 8% snapback, it's down 20% today. dom chu is putting it under the microscope >> the drawdown is worse if you look at it from the record highs early last year. that's a 50 plus percent drawdown investors have had to suck up. if you look at that, you're looking for reasons why maybe some folks out there could be a little more bullish and why we're seeing a second straight day worth of gains in an etf that has lost a lot of its luster in the last year. but it might be because they're seeing if that portfolio can actually bounce. specifically, the five biggest holdings in this fund, the ark innovation etf, arkk, are tesla, zoom video, teledoc, roku, and coinbase they're w

. >> thank you so much for joining us this morning, jane foley, head of fx strategy.ing up, we will speak to ryanair's cfo. this dani: good morning from bloomberg's european headquarters. i'm dani burger. this is "daybreak: europe." five is the magic number. goldman boosts its call on fed hikes. they could raise by 50 basis points in march. omicron hits chinese factories in the consumer. stocks and futures start the week mostly higher. plus, sanctions in the spotlight. the u.s. senate has a bill that could penalize russia even if vladimir putin does not invade ukraine. the curve flight nurse are still in this -- the curve flattening or's are still in this morning. that 50 basis point hike could be in the cards. the markets might have priced in two much hawkishness. what does that mean for the dollar concerns in the second half? when it comes to markets, we continue to see a rally. nasdaq, the cash trade on friday, remarkable. we start off with losses. it turned to more than 3% gains. how long will that last or do we sell the risk? euro stoxx playing catch up, up 1.4%.

jane foley, rebel bankhead of fx strategy -- rabobank head of fx strategy, joining us next.rg. ♪ guy:guy: european stocks recover. every sickle sector, bar technology, trading higher today. the count under the close starts right now -- the countdown to the close starts right now. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: 30 minutes to the close here in europe. european equities back on the front foot. 459 is where we are trading, but context is important. we closed in europe at session lows in the united states yesterday, so around this time yesterday, we were down circa 3%, 4% in the united states. then we got that monster rally priced in. that is why european equities are higher. european foreign-exchange, different story. the euro is down i around zero point 5%.

identify who leaked the information and is, quote, moving forward with the appropriate legal action foley's comments to staff come after peloton reported preliminary fiscal second quarter revenue guidance after the close yesterday saying sales should be in line with previous estimates. the company said it's also taking, quote, a significant corrective -- or rather significant corrective actions looking for new ways to slash costs and improve profitability, which could include layoffs and production adjustments yesterday's slide brought the stock beneath the september 2019 i.p.o. price of $29. i remember being there for the i.p.o., as we were waiting for the stock to open. i commented growing up in my house we had a stationary bike and it was my mom's purse rack i think people now want to get back out there, out of their homes and they're moving away. there are plenty of folks devoted, but maybe there are just so many of them. >> if you're paying that, what is it, 40 bucks a month for your subscription, i guess you get on the bike and peloton doesn't care, they probably want you on the bike

the nizoral for peloton ceo john foley with activist investor black wealth capital calling for his exitcoming to this. the magic of being home now you know why people get in trouble with zoom. we won't go there. anyway. this is a big story. i've been talking to my sources you are generally major investors with big pe funds in my producers is talking to the trading sources. the vast majority of the opinion is that peloton will not be sold it is way overvalued into this market, the last couple of days of crazy stuff that came out the report that said halting production, that report had journalistic problems including the i don't believe yet to check whether or not the reporter asked the company whether there's documents that she got that were still current that is problematic but the way the company handled it did look good in the ceo looks like he's not worried for prime time i think the stock is up based on a potential for takeover in the crime investors are pushing for but at this evaluation there will not be a lot of buyers i asked people would you take a swing at this thing and they

john foley confirmed there could be layoffs and what he called a production reset.ions. it is because cnbc revealed leaked documents to temporarily pause productions of bikes and treadmills after blistering demand the company found itself with too much inventory. and stock of another pandemic winner, netflix, dropped about 20%, down 20% after hours. fewer new subscribers in the fourth quarter. they will not add as many in the first quarter as expected. they blamed competition from rivals and not enough original programming early in the first quarter. it's not expecting any big new releases until later this year. if you're one of those squid games fans, the second season is coming. it's on the way. it plans to offset the slower growth with higher prices. it is raising prices in u.s. and canada. >> i personally am waiting for second season of "bridgerton". >> me too. we're more "bridgerton" speed than squid game. >> as if you're judging. if you're one of those squid game fans. >> i don't think you're a fan of it. bad things happen. but i watched it and appreciated it.

john foley acknowledging peloton is considering all options.sent shares plummeting 21%. the worst day in two months. the c.e.o. added the company plans legal action against a leaker of confidential company info. you know, you look at netflix, look at peloton. there were some pandemic winners that were pandemic trades. we were all at home buying the bike, buying the tread, signing up for streaming services. two years into it you're starting to see a little bit of consumer behavior that's changing a bit. that means some of that, those big gains aren't going to be so easy. >> people either going back to the gym or not working out at all. >> right. we're two weeks away from the winter olympics and already some covid-19 cases among the guests starting to crop up. coy wire has it covered in this morning's bleacher report. hi, coy. >> hi, laura. the beijing olympics says all american athletes are vaccinated and that's about 200 of those athletes. but they're trying, they're scrambling, the committee, to find ways to keep the covid out of this olympic

nowhere near grabbing back what it lost, but this afcee owe john foley came out and said the business quote, right sizing, not halting levels. but he is pondering some layoffs. peloton pre-announced its fiscal second quarter financial results after the bell yesterday. we're kind of guessing that was sort of a surprise that they had to come out and do that because they did have decent news that revenue would come within forecasts and they will post a smaller than expected loss. an unexpected rise in crude and fuel inventories is pressuring oil prices at this hour after the benchmarks touched 7-year highs just tuesday. so we've got oil down about 1 is.33% at $84.39, but that in turn is sending names from transobjection to devon energy and con know phillips lower. -- conocophillips. let's go to tesla because i just just asking david trainer about tesla. following the tech sector's dive lower, the stock is trading below $990, it's at 945 right now, and year to date it's abou. set to report fourth quarter earnings on was -- on wednesday, and it no longer has that $1 trillion market cap. ch