emily: give us a snapshot of what -- of where demand looks compared to where john foley thought it wouldyear ago. >> foley seemed to think that no matter when the pandemic slows down, when people are able to go back, they are not going to want to go back to the gym. people are still going to want to work out at home because as foley said, working out from home is more convenient and less expensive. it is an overall better experience. we are seeing people wanting to actually get out of the house and go to the gym because they have been locked up. a complete misjudgment there. there were people who thought the end of going out, the end of this and that and that uber and postmates at all of these companies take over. that doesn't seem to be the case. people want to go out and about and go back to pre-2020 days. emily: how do you think peloton emergence from this crisis? >> this is a bad situation but i think silver lining for peloton is that they are doing a very good job in terms of content and subscription offerings. their return raid was not as good as a year ago. but still, their conten

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.

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

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

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

story that keeps giving a source confirmed that blackwell capital is pushing peloton to ask the ceo john foleyor a sale the stand was first reported in the wall street journal. this is after $2.5 billion loss last week. following the cnbc reports that the company is halting production of the fitness machine. it gives foley and others a supermajority in the votes julianna >>> let's talk about kohl's. it 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

blackwells capital which has less than 5%, is pushing for peloton to fire its chairman and ceo john foley consider selling the entire company shares of peloton have come ap apart. down 77% in the past six months. no comment from peloton or blackwells or foley yet. they have super voting shares of the stock. that 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 ot

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

peloton co-founder and ceo john foley responded in a letter to employees saying rumors that we're halting all production of bikes and treads are false notice that word all he added that the company is resetting our production levels for sustainable growth nevertheless, investors not showing a lot of demand for the stock. well, let me see is it up 8% right now? we'll see. current levels overall, though, if you look at the trend, will take it below that 2019 ipo price of $29 does this make it a vulnerable target for acquisition information flooding apple as an obvious buyer. nilay, apple doesn't buy stuff this big beats was like a huge buy for them at $3 billion or something. not to say that they wouldn't do it, but it would be highly unusual, right >> yeah, you know, they could buy this with pocket change. but then what would you have bought you bought a company and some amount of turmoil that completely misforecasted demand. that's the big pandemic. not that demand is vezero they bought precore and they can't meet whatever demand return to normal and then there's no tech there that apple

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

that said, look, i don't think john foley will step down.a fire sale price. maybe 30 or 40% premium. i think that earnings is important. in the interim, a week and a half away, i'm surprised they don't tell the story more in an interview on cnbc or me or somewhere else february 8th is a lifetime away and letting people define them. >> we welcome peloton on any time cara, as we look through the narrative with everything that's happening with it, should we expect peloton to be a takeover target >> i think it's in focus already but what is really going to matter is does the company have aal termtive plan that's just as compelling as a sale and we haven't yet heard from them that's the important thing one example last week activision selling to microsoft in a similar situation. they got a soft approach from microsoft. i'm sure peloton is getting approached. >> great point thank you both for joining me today. >>> up nirks, did dow falling for the seventh straight time for the first time in nearly two years. how to trade it, next. hey lily, i need

sent a letter to the exercise equipment maker's board, now urging members to fire ceo and founder john foley, and they also suggested a sale. in fact they suggested to disney , nike, sony, or apple. shares are up eight and one- third percent but peloton has been absolutely crushed in recent weeks and lost 14% of its value last week and down 83% over the past year following a slew of negative reports on equipment and subscriber sales as we all tried to emerge from the lockdowns and from, of course omicron, but that guy, he's the founder and nobody knows more about peloton than he does, so there's some questions as to whether a management replacement is truly a good idea look at unileaveer the maker of dove soap and ben & jerry's ice cream jumping 8.5% following nelson peltz bought a stake in the british consumer goods giant the move comes after one of the most famed activist investors left the board of the company's u.s. rival procter & gamble recently unilever struggled to make acquisitions most recently was unable to scoop up glaxo-smith kline's consumer health business so it looks like a t

ceo john foley says the incorrect information was leaked, and the company is taking legal action.onsidering layoffs and curbing production. this check in to see how peloton is doing this morning. they are hovering around $25 a share, which is up just slightly from yesterday. let's take a live look at the new york stock exchange as it gets trading underway. the stock market is down a little bit, how about 42 points. it took a hit all week due to drops in stocks, cryptocurrencies, and the prospect of rising interest rates. the nasdaq is down 12% from the hyatt step in november -- it's that -- the hyatt said in november. kumasi: an urgent warning about a popular baby product. the consumer product safety commission says parents should stop using four types of infant loungers after learning of deaths from suffocation. a 17-day old navy and a four-month-old died in one of these. the alert involves the podster and podsterrrr the company has not issued voluntary recalls, saying the loungers are not to be used for sleeping. pacifiers are being recalled because babies can choke on them. the

down now 80% from their peak last year but executives cashed out when it was closer to its highers john foleyth of shares. most were sold at a price of $110 or higher now, according to s.e.c. filings he started a prescheduled sales program in 2020 for quote personal financial management purposes the plan called for selling 2.4 million shares he term terminated that plan after selling only 1 million shares with his final sale last august according to smart insider, peloton insiders sold nearly $500 million worth of shares in total last year, a large amount of that substantial given that the current market cap is now only about $10 billion other executives who sold include the president, selling 105 dllds, the chief legal and culture officer, and the previous product officer now, cnbc reported peloton is now looking at score closing, cost cuts, job cuts as the sales slow interesting contrast with what happened to the price with how much money was taken off the table last year above that $100 price. >> i don't know if i blamed them if i worked at a company that became a meme stock i would probab

insiders sold nearly $500 million worth of shares last year when the stock was trading above $100 john foleyfounder sold $119 million worth of shares between the end of 2020 and the fall of 2021 most of the sales were for above $110 a share peloton did not respond to request for comment but according to sec filings he started a program in september of 2020 for, quote, personal financial management purposes selling 2.4 million shares of october and terminated that plan and last sale last august two months before the company slashed guidance and that caused that share price to decline by about a third. other peloton executives cashing in closer to the highs the chief legal and culture officer selling $9 omillion. the product product officer over $60 million and the coo $28 million. add that together with the board members who also sold a lot and total insider selling at peloton last year $496 million almost at a stock price at over $100 so looking back, those proved to be very well timed morgan, david. >> very well timed, indeed stocks trading below 30 bucks right now. down 70% since then. you

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

so those executives include the ceo, john foley.k right near the peaks, but this seems like an exaggerated case, shares at $110, you saw where her now at 32. so the i if po in 2019 at 29, so this has been a big fall from grace for this company. we're not -- nothing illegal was done, it's just what do executives know about the company when they decide they're going to sell when the shares turn out to be pretty high. stuart: i'm sure the lawyers will be asking. all right. here's a question for you, lauren. what does the metaverse have to do with microsoft's deal for activision blizzard? lauren: i'm going with everything. there are many metaverses that we can participate in, and microsoft wants to be one, a main one of the many. activision has 400 million gamers. well, that helps, right? they're all going to be in the metaverse. and then microsoft is going to figure out how to use that experience from video games to professionals meeting in the office as you're having your conference calls, shopping in the metaverse. you know, just thi

ceo john foley addressed the report yesterday that it was temporarily causing production and callingthings. >> another huge decline in netflix overnight wiped out $50 billion or something like that but take a look at the other streamers. this is all about the streaming business. >> the high was $700. look at shares of $3.90, this is where they traded four years ago, four years of growth wiped out just like that. growth is slowing, they say the will only add 2 million subscribers this quarter. in march their originals come out but it might be a similar story for their competitors which include disney and amazon. i'm curious to see, are they up or down? so much volatility and there's the inter-day chart on the bottom. they had a 3-month low because analysts see a slowdown for chipmakers on waning demand for computers. speaking of chipsmakers, intel, investing $20 million more than that. ohio plant manufactured chips despite what demand is there is still a shortage and the ceo says the shortage could last two more years. stuart: we have been warned again. thanks. senator manchin says an

they not only want the ceo john foley out, they're blaming him for misleading investors.also want peloton to explore a sale. mentioned apple, disney, sony and nike as potential buyers. bottom rhine they say the company was on worse footing today than prior to the pandemic. stuart: i want to bring in jeff sica back again. why do you hate peloton? >> hate is such a strong word. this is a stationary bike company. they say they're a software company. when it hit 50 billion i was baffled, the fact it is now seven to nine billion maybe, i'm still baffled. i think peloton will go, will become a relic of the lockdown. it is going to be a reminder of people who were so bored sitting at home they had to buy a stationery bike and pedal to nowhere. so i don't think, i think the conversation about apple and nike buying them is interesting to me but if i were apple and nike i would wait for this to get hit a little more. stuart: jeff, i have to leave you for a second. thank you very much for joining us this monday morning, because the dow is now down 800 points. it has been a complete

peloton shares are rebounding slightly after taking a big tumble yesterday last night the ceo, john foley layoffs and denied in a cnbc report that they were halting spikes in tread mills because of falling depan. it called the report incomplete, out of on the text and not reflective of peloton's strategy a senior analyst, sydney, you have been thinking demand was cooling. what did you think first of the report that said they might be slowing production because of demand and second what did the company have to say last night >> good morning, thank you for having me. i think they have been putting out news left and right. i think what's important when we reflect on what the company said, they're very good with their words. they said they're not halting all product. so i think the reality here is clearly this hit on something that is ham, to what extent they're shutting down all factories or a lot or some we have no idea. but that was the reputation. so i think that that is important. so that's a nuance that we do know or you can imply that the cnbc report had something to it. i think ultima