shares of peloton dropping after announcing a change in leadership john foley gave up the ceo spot inped during the reg hear trading sen, let's bring in simeon siegle on the fast line. what do you think is said about mccarthy's progress in turning the company around, if anything? i think -- i think at the end of the day this makes sense to his credit, john foley created a fantastic community. >> do you read anything into his departure that could mean the company is up for sale, or do you think mccarthy has more work to do, it won't be saleable. >> this is a business that is not -- as disrupted or in trouble as make we all talk about. i think he at least been vocal about the fact he has no intention to selling i we haven't heard from john foley in a long time we've been hearing a lot from barry mccarthy, so where we sit, this seems like a normal progression of movt movement they neap to decide do they want to be bigger, which means more expensive or the same size and be profitable. >> do they really have the option do they have those options in front of them. to get bigger, don't they

i met john foley he is very nice. >> we have ceo mccarthy who presented yesterday at the conference, the one i'll be attending as well in a day or so take a listen. >> say what you want about john foley, he's the reason that i'm here today and he's the reason peloton is here. he invented the connectedness category, which didn't exist until his vision for it. >> see, he also said he's nice >> yeah. >> he agreed with you. >> barry's mean, but i like him. >> tough, tough. i don't know if he's mean. >> tough, that's a better word i keep selecting these fifth grade words because it doesn't seem all that long ago david, rescue me. >> i'm here for you, except you're far away. you're out there on your own, big boy. >> oh, wow chapek's beard makes me want to buy the stock but the tear makes me want to sell it >> guys, as we go to break, let's take a look at the bond report we mentioned the two-year, 2.75 -- sorry, 3.75, highest since 2007 yields up across the board as for markets, as we said, holding 4025 or so all dow names are red except for proctor, just went green meta, the biggest loser

peloton rose on the news that john foley was leaving the company. , been at risk off sentiment throughout the day. -- caught up in the risk off sentiment throughout the day. emily: we will dig further into the selloff from what it means. victoria joins us now. what do you make of this so suddenly in the session? >> today as when reality met expectations on inflation and i think market had gone into this. we are definitely up inflation and today was a wake up that inflation is still here and very sticky inflation. it is no longer just about energy. food expenses veterinary care, a lot of areas we thought was getting better really warrant. -- really were not. the fed will go 75 basis points. the 4% terminal rate might be too low and we are ill in a sinking inflation environment that might be too difficult to bring down. emily: what do you make of what happened with tech in particular? what distinguishes the tech part of the selloff from the rest of the selloff? >> tech stocks tend to be growth stocks. that's why you buy them. but you are paying more today for a dollar of future earnings. an

. >> breaking news, peloton co-founder john foley is leaving the company. they announced after market close monday, the chief legal officer, who is also a cofounder, is leaving and he will be replaced by an uber executive tovar -- to become the chief legal officer. nasdaq 100 up for a fourth day. the key august cpi, you want to see inflation cooling because of the big fed meeting. less performance in the semiconductor index, stock yields holding steady. bitcoin had a strong session as we kick into tuesday's session, around $22,500. semiconductors a softer part of the market monday. reports that the biden administration will codify, firm up, expand u.s. exports of chip technology to china, the chip equipment maker's, the worst performers on the stocks including the likes of amd. so much technology news, stepien -- sticking in the chip space, until up but they are real evaluating the spin off the and ipo to mobilize the automotive tech company, inking about a bloomberg valuation and delaying the market condition. apple having its best day since may, early pre

peloton down 10%, after hours it actually rose on the news that john foley was leaving the company. the market changing its mind, caught up throughout the day. emily: thanks for the breakdown, we will dig further into the selloff from what it means. victoria joins us now. what do you make of this so suddenly in the session? >> today as when reality met expectations on inflation and i think market had gone into this. we are definitely up inflation and today was a wake up that inflation is still here and very sticky inflation. it is no longer just about energy. food, housing, medical expenses, a lot of areas we thought were getting better really were not. today was a step back into the reality, 4% terminal rate may be too low, we're still in a sticky environment that may prove to be difficult to bring down, especially food prices. emily: what do you make of what happened with tech in particular? what distinguishes the tech part of the selloff from the rest of the selloff? >> tech stocks tend to be growth stocks. higher multiples, promising higher than market growth. that is why you bu

you asked if john foley has a significant stake in peloton itself?ff most of it, $100 million in the last few years since november of 2020. i would also say founders are not usually great ceos. that to me that isn't that big of a surprise. very rare to find zuckerberg to stay place in long time at the company they founded, right? you usually bring in a custodian is specially with peloton down 90% from last year. trying to find $800 million cost savings, laying off staff, closing stores or plants. his departure i don't think that is big of a surprise. neil: you could have seen some of this coming. after covid, people were returning to the offices. the demand for these is not what it was. >> yeah. neil: they seem to be caught off-guard. reporter: gym memberships is up as well. that is helping foot traffic in malls and the like and commercial real estate. i found it interesting i want to talk about rent the runway, since we're talking about troubled companies during the pandemic. if you look at stock down 30%. restructuring cutting their workforce by 24

the cofounder and ceo john foley resigning from his current position as executive chairman.was already kind of pushed out of the ceo position, fellow cofounder kushi, the chief commercial officer and kevin cornis departing and moves shake up from berry mccarthy in an attempt to dramatically reshape the peloton interactive business, the stock now just $9.93 down 10%. can we look at rent the runway. rent the runway getting hammered down 36% after the online clothing company wasdown one quarter of its work force. rent the runway, this is a company that was founded during the financial crisis. they have really absorb aed a lt of shock in the past and inflation has forced shoppers to pause their subscriptions. on a down day, we have at least one winner here. look at nintendo, higher after the video game company launched newly launched splitoon game and broke records for the anyone ten know switch and the game sold 3.45 million units. anyone ten know needed a win after reporting lower year over year last quarter. we showed you that the boeing is the worst performer on the dow jone

for christmas and you have to remember that peloton is struggling trying to restructure, founder john foleyclosures, plant closures also you have the ceo trying to turn the stock around which is down 90% the past year. six straight quarters of losing money, those losses are widening and sales are falling. stuart: would you bet on a recovery for peloton sales? >> no, i would put my money elsewhere right now. there's so many discounts the tech stocks have been beaten down so much, might be a bargain stuart: let me guess if putting your money elsewhere it might be going into ethererum orbit coin? >> maybe apple? stuart: you're a big apple fan and i know it. >> i just seen some of the orders and the analyst calls and i just think that it's going to do better-than-expected. stuart: you have two iphone 14s, right? >> i have a few, yes. stuart: you have a few? when are you going to get yours? stuart: we're going to move on. show me amazon, please, paying $1 billion per year to stream thursday night football. i bet it paid off too. >> well here is the thing is that what does this also mean for trad

commissioner johns. >> thank you. commissioner foley made a very interesting and i think over the long-term quite important point, and that is about not waiting until the last minute. in the past i castigated sh heritage for doing the same thing although heritage asked that the hearing be continued and that rubbed me the wrong way and that's another point that ought to be studied by those who appear before the commission, but i must also say that the letter from victorian alliance is not what alerted me to this problem. it was a nice expression of it, but i do think that it -- well, i made my comments earlier. there's one thing that commissioner nageswaran just said which i think is of importance and that is victorian styles in england have their own distinct characteristics. i live for many -- well, for four, five years in chicago on south side in hide park where there's a number of victorian buildings. very few of them wood. almost all of them brick or stone and they are entirely different from the what you see in california and in sa

susan: not a big surprise that john phys foley handed over to r netflix ceo and the chief officer leavingstock is down some 90% in the past year, 90%. you have the new ceo trying to find $800 million in cost savings with layoffs and historic closures and plants and sign new partnerships with amazon and the writing was on the wall that john foley and founders aren't necessarily great ceos shall we say. he was going to hand it off to an actual manager when a custodian of the company. stu: great product. perfect for the times as in pandemic but not good for post-pandemic. susan: that post covid boom or covid boom is done. stu: it is done. all right, oracle, the stock is down just a fraction. susan: not bad for this type of environment. stu: didn't they report yesterday? susan: yeah, short on profit. they met on sales, closed at $28 billion acquisition of health data software and good news is the acceleration in sales growth said accelerated, which is always a positive word to use in your earnings report, accelerated from 5% growth they posted to start the year so cloud is growing to them but

. >> dom, peloton announcing a major shakeup in the c-suite john folle foley resigning he served tenre the layoffs. in addition to his exit, the co-founder is stepping down as the chief legal officer and the commercial officer is leaving at the end of next week the moves mark the latest by new ceo barry mccarthy amid the push to revamp the company whose shares are down 69% this year. >>> amazon faces their shakeup cnbc heard the top executive overseeing workplace health and safety is leaving next month heather mcdougal joined in 2019 from oshsa. they face scrutiny over the workplace safety record. >>> and shares of oracle revenue coming in line with expectations after the boost of the closure of the deal for health data software maker erpgs and guidance earnings coming in below estimate as the strength of the dollar dom. >> henao, thank you for the headlines. >>> we have a big day shaping for for twitter. peter zatko is set to testify at 10:00 a.m. extreme, egregious deficiencies related to privacy, security and content moderation this as a majority of the shareholders voted in favor

well, the cofounder and chairman of peloton leaving company, john foley who has led the fitness equipment company is restructuring, sales have slipped during the pandemic. the stock is down more than 90% year over year. they were one of the hot stay at home stocks, not hot one right. peloton stock is up and it's 11.22 per share. big fall for the company. the stock anyway. holiday excuse me airfare this year said to be the most expensive in five years. according to fair tracker hopper, $350 international flights 795 on average. strong demand limited capacity likely to continue through the rest of this year. the price increases is about 22% higher versus 2019 as for christmas expected 26% price jump from 2019. hope you love your family. big win at last night 74th emmy award hbo succession taking best drama series. ted lasso, best lead actor and zindia, youngest two-time emmy winner in history taking home best lead actress in a drama series. cheryl lee ralph, this was something, making history in surprise win and she was shocked she really got up out of her chair for her role in abbott eleme

foley >> present. why commissioner johns. >> here. >> commissioner so. >> present. and commissionering wright yoochl here >> first is public comment. may address the commission on items of interest within the jurisdiction of the commission except agenda items. with respect to agenda items your opportunity will be afforded when the item is reach in the the meeting. each member may address the commission for up to 3 minutes. go ahead, sir. >> great. hi. i'm michael patrellis. i'm here to talk about the castro theatre. and um -- what will be on your agenda in october. um -- i have here a sign that reads, save the seats. it refers to the seat in thes orchestra section of the craft row theatre, which another planet wants to remove so they can flatten the sloped orchestra section. um -- i'm against the um -- eighth plan to renovate the theater. i am um -- here for a number of reason. first to reminds you of trauma in the castro since the 1970s with the political arc assassination of harvey milk. in the 80's we dealt can the aids epidemic killing thousands of gay men in th

john joseph florio. >> joseph walken flounders >> david fodor >> michael n fodor >> stephen mark fogel >> thomas foley na >> jane c folger. >> chih min foo . >> del rose cheatham. godwin forde >> donald a foreman >> christopher hugh forsythe >> claudia alicia foster >> noel john foster >> ana fosteris >> sandra in foster --n foster. >> robert joseph foti >> jeffrey fox >> virginia fox >> pauline francis >> virgin francis >> gary jay frank >> morton h frank >> peter christopher frank >> richard k fraser >> kevin j frawley >> clyde frazier, jr >> lillian inez frederick >> andrew fredricks >> tamitha freeman >> brett owen freiman[ >> peter l freund >> arlene eva fried >> alan wayne friedlander >> andrew keith friedman >> my father. i did not have the privilege to meet you, but you will always be in my heart. i love you. >> my uncle. we love you and miss you. andrew keith friedman >> paul j freeman. >> gregg j froehner >> lisa in frost. >> peter christian fry >> clement a fumando >> steven elliot furman >> paul furmato >> carlton douglas >> fredric neal gabler >> richard peter gabriel. >> james andrew gadi

judge reinhold is back, paul reiser, john ashton, so funny and bronson pinchot. i love him. "beverly hills cop," "alex foleyrbett will be back this time as carrie bradshaw's on again, off again, on again, who knows, her flame, aidan shaw. according to "deadline" corbett is set for a substantial multi-episode arc in the reboot. their relationship has divided "sex and the city" fans for decades. the debate continues. aidan supporters say he's the one that got away. i happen to be in that camp. "and just like that" currently in production right here in new york city. >>> people seem to be finally getting my number one rule. i brake for yard sales. it has served me very well with fabulous finds over the years. now a young man in maine has done it. 24-year-old will saderi stopped by a tag sale in portland, maine. he spotted this. i mean, doesn't look like much. $75. that's a lot for a yard sale. he thought it was cool, though. he likes stuff like this. old manuscripts. >> yeah. >> well, get ready. he has a very good eye. the old page is a piece of medieval history, part of the missile from a cathedral in france