emily: my exclusive interview with peloton's ceo john foley.or more, i want to bring in mark gurman who covers pella tone -- who covers peloton for us. i have to start with his level of optimism about this new category despite some of these horrifying safety complaints a child actually died in an accident involving peloton but now the company saying this will be bigger than their bike. >> i think he is right. the treadmill is the more popular piece of jim of quitman. summary wanted to pick just one fitness device to have in their home, i venture to say they would pick the treadmill over everything else because of the versatility. i do think they have a serious issue with this. it is north of $4000 and ways to hundred pounds or more anger average treadmill and has this issue where it can lead to your child dying. it has killed pets and many people so i think the easiest thing be to completely cancel the tread class and focus on the cheaper $2500 tread. if that is their only skew, it will improve profitability and they are offering a project with

earlier today, we spoke with the ceo john foley. >> we will always cooperate with authorities whenevers an investigation. we are making the right decisions. i will say, another government agency, the consumer product safety commission, also investigated us but we were working with them to get on the right side of the line of safety forever lower price tread that we announce will be for sale in canada, the u.k., and the u.s. next week for the first time. greg: definitely a turn of events, shift of fortunes for the company, considering where it was during the height of the pandemic. >> we are night and day. everyone was talking about peloton as the golden child a few months ago at the height of the pandemic. these days, no good news appears to be for peloton. yesterday they reported quarterly sales of 800 million, $200 million shy of what wall street was looking for for the fiscal fourth-quarter. in terms of the guidance for full year 2022, guiding at about $5.5 billion, less than the range than the analysts on wall street had. likewise, next quarter. in addition to that, today, you have

in coming months and we get more details on that when i speak exclusively with the pellet on ceo john foleyomorrow morning. catch that tomorrow at 8 a.m. right here on the west coast. sticking with earnings over the last couple of weeks, bumble gave an optimistic outlook for revenue this quarter, buoyed by expectations that users will continue to make the first move and that prospective daters will respond in kind amidst continued uncertainty around the surge in covid cases and they have benefited from re-openings around the world, the return of in person socializing spurring users to spend more on in app purchases. we want to bring in their ceo for more. obviously, the pandemic is dragging on, restrictions are going up, coming down in fits and starts. how is this impacting the activity that you see on the app and what kind of a dating scene do you expect to see this fall? >> it's really fascinating, despite the challenges the world has been facing with delta, we continue to see very positive trends across the platform. we have referenced this before, even in the most affected markets, like

when john foley was asked about that on the earnings call, he held off there have been rumors about apment. peloton is also continuing to launch overseas into new markets. recently it launched in australia. so, it's a bit of a wait and see game, like you said. >> absolutely. lauren, it's a great piece thanks for joining me today. head over to cnbc.com to read her full piece >>> check out this mystery chart. it's a travel stock. it's climbed nearly 10% over the past month despite the spread of the delta variant. while the stock may be up, it's not all green for the sector we've got a look at the divergence setting up in the vacation trade >>> you can catch this show any time anywhere by listening to and following "the exchange" asdct. we're back in a moment this may look like a regular movie night. but if you're a kid with diabetes, it's more. it's the simple act of enjoying time with friends, knowing you understand your glucose levels. ♪♪ (vo) this is more than just a building. it's an ai-powered investment firm with billion-dollar views. a cutting-edge data-security enterprise. yes,

that people don't have to be in the office and that's what's going to keep them out i talked to john foleyoton, which he considers to be a tech and media company, he wants everybody back. he wants people to be able to talk to each other and that's where they're most productive. he wants to keepeverything safe they're not going back yet but he was very adamant that as soon as it's safe he wants his workers back >> i'm pro office. i've just got to call a spade a spade. i look at that facebook thing and we're going to be doing virtual rapid fire or something in 20 years. >> i'm pro office too but if we're going to be virtual, can we at least have legs. did they run out of money when the animators were supposed to draw legs? or because we're wearing our joggers and lululemons, they don't want to draw the legs? >> let us choose and everybody will be all for it we don't want it based on reality. thank you very, very much for this edition of real estate rapid fire one of the biggest mortgage lenders in america will start accepting bitcoin. the details and whether heotr coins will be accepted in t

foley. >> yes. >> johns. >> yes. >> nageswaran. >> yes. >> so. >> yes. >> commissioner wright. >> yes. >>president matsuda. >> yes. >> thank you, commissioners that motion passes 7-0 unanimously. this will take us to commission comments and questions. >> an i believe commissioner nageswaran did you want to make a commission comment or did you have a question? >> one disclosure. i spoke to a member of turnbull this morning to release questions i will be bringing up so they would be able to prepare answers to those questions. >> on an agenda item. >> yes, two items on the agenda. 900 inness. >> commissioner foley, did you want to make a disclosure? >> i had a conversation with park and rec. they went through the presentation on the cattage 900 inness with me on monday. >> commissioner so. >> thank you, commissioner president. i do need to make similar announcement i had a conversation with park and recand representative regarding the cottage at 900 inness street. >> commissioner johns. >> well, i did have a conversation with rec and park on 900 as well. >> commissioner black. >> as did i. c

. >> reporter: the ceo and co-founder john foley apologizing right here on "gma." >> we did make a mistaked with the consumer product safety commission to develop the new tread which is due to hit the u.s. market on august the 30th. the tread retails for nearly $2,500 and includes several added safety features like tweaks to keep the touch screen from loosening or falling off. software updates that allowed tread lock which requires a four-digit code to begin a workout and physical key to prevent unintended use. regarding the release of the updated tread, foley saying, we've worked hard to make sure the new tread truly earns its spot in members' homes. we'll always continue to innate -- innovate our hardware, software, and safety features to live up to our commitment to member safety and improving the full experience. >> they got the positive boost they were probably hoping for. the less we hear about it the better it will be for the business. >> reporter: no word on whether peloton plans to relaunch the tread plus, but if you have one of those machines in your home, you can return it for a

foley. >> yes. >> commissioner black. >> yes. >> commissioner johns. >> yes. >> commissioner nageswaran. >> yes. > commissioner so. >> yes. >> commission president matsuda. >> yes. >> thank you, commissioners that item passes 6-0. this places us on the final item. i would like to give commissioner wright some time t rejoin us and i will call the next item. >> thank you. >> do you think he is having problems logging back on? >> i am checking now. i know sfgovtv has a little lag. that could be part of the issue as well. i think it is 30 seconds to a minute lag. i will reach out to him via e-mail as well. commissioner wright is here. we can move on. thank you, commissioners. this takes us to the final item for today. item 7. 2018-013557env. ports mouth square improvement project for your review and comment on draft environmental impact report. staff, are you prepared for the presentation. >> can michelle taylor be given ability to present her screen? >> yes. >> good afternoon. allison, planning department staff. the item before you is opportunity to receive public comment and provide communities on t

foley? >> clerk: i believe that commissioner johns beat you to it, but i'll take a second from commissioner foley. very good. there's been a motion to approve. on that motion [roll call] >> clerk: so moved, commissioners. that item is approved unanimously, 6-0, and places us on item 6, 2021-00289des, at 447 battery street, a.k.a. the jones-thierbach copy company. staff, are you ready to make your presentation? >> yes. pilar lavalley once again, and i would once again turn this over to supervisor peskin's office. >> thank you, pilar. i think 447 battery is no less deserving than the last. when you read this, you dive into a really robust and diverse history where you have titans of industry uniting across industry and building this structure. it was burned down in 1906 and quickly rebuilt thereafter, which has become a relic unlike many others in the city's registry in that it has a really robust manufacturing history in san francisco that really doesn't exist anymore. a lot of the context surrounding this building, a lot of the manufacturing industry, particularly the coffee manufacturing in