and wall street's love of peloton. zuckerberg wants to be understood, and amazon may be shipping expired food all ahead in rapid fire today. but we begin with the markets. dom chu with the state of play >>> it's green across the screen and has been the entire day so far as we go into midday trading. we have seen some negative territory. of course holding right above the 3,000 mark, the nasdaq, up almost a full percent. generally speaking a pretty good day to start the week for the bulls. one place we are keeping close attention is a nice, big move higher in oil services stocks. they're up 4% today on the heels of halliburton earnings that's helping the sector over the course of the last five years this particular etf that tracks oil services has lost three-quarters of its value so a very tough road ahead for some of the oil bulls especially when it comes to services and you mentioned peloton, a slew of analysts covered starting today, generally speaking, it's all overweight, buy, you name it that stock went from being

peloton. no response yet from echelon. peloton went public last month.g of the boutique studio fitness market, another startup in the space is making news today. mirror, the interactive mirror that lets users stream live workout classes at home. it launched a new feature on tuesday. it will allow customers to take classes with a personal trainer. joining me to discuss new york is the founder and ceo of mirror, brynn putnam. great to have you. talk to me first. given it is such a competitive space in the fitness market, is personal training really the way you want to stand out? brynn: absolutely. we are interested in ways we can add increased values for our member base. and, the ability to give our member base personal training on-demand in their home at a fraction of the cost of a regular personal training session they would have in a gym is a compelling offer. taylor: the $1500 price tag for the mirror caught my attention because it does undercut peloton's bike that starts around $2000. is that also the goal? brynn: we are interested in being able to br

together to try to stave off peloton going to zero in a sense.eds to be informed on why those banks do what they do and not just take things superficially. charles: less than a minute. i want to get your thoughts, dr, we pulled back after the brexit vote. but we're near all-time highs. this anxiety, earlier i had a couple say we're not going to break out this year unless we get something on trade. >> i think trade is the thing to look at. i think brexit could be a temporary upset. i think we have a chance to break out the new highs even if nominal new ones. charles: jason, can we break out to new highs? >> as a trader, i try not to get too attached to up or down and look at the markets from an opportunistic standpoint. right now, charles, it does look like there's some pretty solid upside momentum from here. charles: let's leave it there. by the way, i agree with you guys more than those other two guys. liz claman, over to you. liz: i will take it. if you are wondering why the dow has lost some 90 of its 119 point gains, just look across the pond

s like a lift in peloton or scuttled public offerings like we work and see it is like a lift in peloton or scuttled public offerings like we work and see an eerie resemblance to the dot com bubble that popped in 2000 both then and now consumer eerie resemblance to the dot com bubble that popped in 2000 both then and now consumer tech companies spent lavishly on advertising and struggle to find a path to profit both their tech companies spent lavishly on advertising and struggle to find a path to profit both then and now companies that bragged about their ability to change the world it is suddenly that they were actually running and now companies that bragged about their ability to change the world it is suddenly that they were actually running out of money both then and now the valuations of once heralded tech enterprises were haves out of money both then and now the valuations of once heralded tech enterprises were haves in matters of weeks both then and now there were widespread sense of euphoria curling into matters of weeks both then and now there were widespread sense of euphoria c

haven't gotten to a ibm downgrade, new high target on apple, ton of initiations on peloton.on't go away. when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. whether your beauty routine in cis 3or 57,...kyo. make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. nature's bounty, because you're better off healthy. >>> first mad dash of the week openine new york stock exchange amazing how many people watch this show. >> it is true. >> what do we got as a mad dash. when you bring in equity offering and it breaks the price very quickly, breaks the print, well, that usually means that it is was priced wrong, the deal is overvalued well, the peloton, which was one of the worst of the ipos, very important in terms of the unrave

next for this company in crisis >>> plus a slew of underwriters pedaling positive initiations on peloton today. is the stock facing a major uphill climb and one of wall street's biggest bulls says we're on the brink of a big breakout tony dwyer has three reasons why we are headed back to new all-time highs we begin with breaking news, sources telling cnbc softbank is coming to the rescue and will take control of the company. josh lipton has all the details. >> melissa, that's right a new dramatic twist in wework story here cnbc is now reporting that softbank is in advanced talks to take control of wework, that's what sources are telling cnbc's own david faber, a deal could be announced as soon as tomorrow. it is softbank led by japanese billionaire masa-san taking control here, after the move softbank would control nearly 80% of wework, prior to the takeover, softbank already invested nearly $11 billion in the company. softbank economic marcello clarette will be involved in the company's management, former ceo adam newman's stake will fall to low double digits. last month wework terminat

as peloton's vertically integrated platform being a key competitive advantage. the bullish outlook, the firm's price target were at or just slightly above peloton's original ipo price of 29 the stock is down 22% since its ipo on september 26th. it's down 5% today >> well, deutsche bank downgrading ebay the firm citing anemic growth and its failed search for a new ceo for the downgrade. and rbc capital markets upgrading pinterest to outperform from sector perform the firm citing its recent lockup expiration as a catalyst for the stock as well as strong user trends and evidence of innovation in its ads platform for the upgrade. shares of pinterest are higher by 5%. what do you make of a company like pinterest it's sort of a marketing tool, sort of social media, some commerce how do you play that one >> it's interesting. you know, first off, i worry a little bit, more than a little bit about collections, which is instagram's competing product that will be coming in however, this is a huge market it's really a kind of bulletin board where you go on and look for some

i don't know why we're looking at those two, we should be looking at peloton.pmorgan and governor goldman sachs -- goldman sachs are the underwriters. it's down fractionally, but it has been a very bad picture. it is dropping to its lowest price of $21.01 since september 26 of 29 a share. and as of yesterday 's close, peloton is down 27% since its ipo and yet 17 analysts love it. let me flip over to smile direct club, it's up about 5.5% at the moment. but that doesn't change its status as the worst ipo of the past 12 years. as of yesterday's close, the teeth aligner company has lost nearly 59%. and yet ten analysts just initiated it at a buy with lead underwriter jpmorgan hoping the highest price target on the street. boy, does this all seem reminisce sense of the dot.com bubble when bank analysts were pressured. even as stocks tanked to bestow the generous ratings on companies whose ipo their investment bank had underwritten. look at history. you see the big dot.com implosion, the bubble burst and a lot of people lost a lot of money. that's the s&p over that p

s like lifton peloton or scuttled public offerings like we work in i.p.o.'s like a lift in peloton or scuttled public offerings like we work and see an eerie resemblance to the dot com bubble that popped in 2000 both then and now and see an eerie resemblance to the dot com bubble that popped in 2000 both then and now consumer tech companies spent lavishly on advertising and struggle to find a path to profit consumer tech companies spent lavishly on advertising and struggle to find a path to profit both then and now companies that brag about their ability to change the world a bit is suddenly that they were actually both then and now companies that brag about their ability to change the world it is suddenly that they were actually running out of money both then and now the valuations of once heralded tech enterprises were happy running out of money both then and now the valuations of once heralded tech enterprises were haves in matters of weeks both then and now there were widespread sense of euphoria in matters of weeks both then and now there were widesprea

more violence we'll explain that a lot of research to get to including apple, fedex, disney, roku, pelotonwk on the street" comes back futures up 178 man: can i find an investment firm that has a truly long-term view? it begins by being privately owned. with more than 85 years of experience over multiple market cycles. with portfolio managers who are encouraged to do what's right over what's popular. focused on helping me achieve my investors' unique goals. can i find an investment firm that gets long term the way i do? with capital group, i can. talk to your advisor or consultant for investment risks and information. talk to your advisor or consultant but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. to the wait did frowe just win-ners. prouders everyone uses their phone differently. that's why xfinity mobile let's you design your own data. now you can share it between lines. mix with unlimited, and switch it up at anytime so

where is the money to buy peloton at 22. who wants to go buy peloton?it is a please go away peloton >> that brings to mind the story that crossed last night about vcs in san francisco holding meetings, trying to convince young startups to go direct listen rather than ipo after what happened in the last month. >> right, there is -- bill gurley has been on our air, venture capitalist, talking about the studies they have done in terms of direct listings and the getting out the friction, the transaction costs and so many other things. that said, what they were talking about is probably going public earlier in their growth curve. it is late for that now. it is late for that now. but you could make that argument, jim, that a number of these companies, because of the access to private capital for such a long period of time, did not hit the public markets at an opportune time, the growth curve had changed. >> we made the same argument about facebook, but then they had a reacceleration >> went from 18 to 100 to 200 and change i continue to think that facebook is

companies like palatine where --peloton.- palatine personally very honda of doery fond of peloton.hey have a viable business? whether the company can really sustain itself over the long haul. i don't have anything specifically but those of the parameters i would watch for any company that is going public. you want to be able to blast through the first four quarters of being public and have a good showing that way. yield does the ipo market to you? is it healthy because companies are getting shaken up if they are profitable or is it to volatile? x i think it's profitable. it felt to me too euphoric for it. -- too euphoric for some time. it's helping to examine companies so that when they come to market, there can be confidence that they have real velocity and momentum and they are viable and they have been properly vetted. there's nothing worse than companies coming to market falling apart after an ipo. that's not good for anyone. >> how has the environment affected snowflakes plans to go public? >> it hasn't affected it at all. we're focused on running the business and preparing th

. >>> initiating coverage of peloton. canaccord.iated on the recent ipo. some around 29 michael graham from canaccor canaccord genuity. this is a subscription service you don't pay a subscription service. that's the main reason for positive view here >> it's one of the reasons the subscription part of it definitely makes the model more predictable. the big thing that the stock is going to have to overcome similar to other ipos is the lack of profitability in the near term. it did he ha it. >> that's a big issue. >> to have a subscription model and then that's a very high subscription model they can pay for their customer with the gross profit that they make when they sell the bike negative sort of net present value. it requires a subscriber form. gross profit on that the term right now is quite low. it's half a percent per month. you compare that to cable or wireless telecom or anything else, that's a very low number we have churn projected to increase over the course of this year because peloton's introducing a home trial offering

i like those but i cannot recommend peloton. all right. if washington doesn't get in the way, we could be actually talking about stocks and their earnings and i think that would drive stocks higher. but i know that's a tall ask mad money tonight, wendy's served up 20% gain in the past year as it cooks up a plan to add breakfast and it's 20% is this stock just heating up or investor day you know that's a cramer fav then looking at a sector of the story that can work regardless of how the trade talks go? i'll tell you why it may be time to tee up with the golf stocks and you have probably seen one of the products in the dermatologist offices and you may not know what it is and i'll reveal it and boy is it interesting and even compelling in tonight's homework section. so stay with cramer. >> don't miss a second of mad money and follow @jimcramer on twitter. have a question, tweet cramer at #madtweets. send jim an e-mail at madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney@cnbc.com. >>> roughly a month ago c

. >>> as we head to break, keep an eye on shares of peloton.eral firms initiating coverage on the stk.oc we're going to break down the highlights next. stay with us. - at southern new hampshire university, we believe in education built for all people. - [woman] snhu was the best experience of my life. - [man] without snhu, i wouldn't be the leader i am today. - [woman] i graduated high school 19 years ago. i still finished. - [man] in the military, you feel that sense of accomplishment. that's what snhu is. - you will march from this arena and say to the world.. i did it. - [woman] you did it. i love you. - [graduate] i love you too. but we're also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you. >>> some ipo news. initiations coming out on peloton mostly positive. the stock is going the other way today. it's down about 6%. ipo price was $29 a share. onlin

>> i am personally very fond of peloton. i think they have a good product. thing we have to focus on is do they have a good business? whether the market is hot or cold from one day to the next is not as important as whether the company has real momentum and can sustain itself over the long haul. i don't have an opinion , butfically on peloton those are the parameters i would watch for for any company that is newly public. you want to blast through your first four quarters and have a good showing. taylor: how does the ipo market feel to you right now? is it healthy because companies are getting shaken up if they are to profitable, or is it too volatile? >> i think it is healthy. there should be a high bar. it felt do you frank for a time. i would rather -- it felt too euphoric for a time. i would rather have investors be critical so when companies come to market, the public can be comfortable they are companies that are viable and have been properly vetted. there is nothing worse than companies coming to market, falling apart after an ipo. that is not good fo

>> doing well, better than uber or peloton shares. >> i know. >> what is this saying to you?like i said last week, math math is an issue these people are wondering how they're going to be economically viable about raising prices, getting smaller. they haven't grown into massive valuations that major investments from softbank have put on the heads of companies. they're sort of too big for their britches. >> were there just too many though even companies that look economically good, zoom, pinterest, they ran up, came down it is not just companies with dubious business liners that are performing oddly there's more ipos coming to market this year than ever before maybe just too many. >> not too many, i think just the valuations, private valuations, how long it took to go out are too high. retail investors are not having any of it. i think it is a bubble atmosphere in silicon valley after softbank came in with all that money not to say that peloton is a great business, pinterest, but they're not worth that much. i think that's the disappointment i had some people from all these co

i didn't know the peloton deal would stink to high heaven or that the joint would get torn down by the we work ipo yeah, pulled because of outrageous self dealing horrendous debt. that could have crushed us the only thing i knew was that the patriots would be in first place thanks to the real easy schedule so what do we do now for now, we wait after market becomes overbought, you wait until it gets oversold. then you pounce. you can pick certain stocks on the way down like what? the food stores. everyone has to eat. i have one that's in the food aisles later on in the show coming up. these days you think about walmart, target. two of the largest grocers don't forget dollar tree that one, they had nice grocery stuff g prices anything with a big yield can work as long as the dividend is safe you can't pick at anything that is hated though. if it's hated going in, it's going to be hated going out. i think the oils you can still sell here. we're still not yet near minus five getting there. but you sell only if you want to free up to buy something else. that's where we are in the equation n

i have a peloton and take uber. maybe i shouldn't. you are right. talked about the valuation. when they're too high. all of these unicorns, billion dollar valuation companies that went public, many of them can barely get off the ground. so you ask yourself can unicorns fly, whether it is uber or smile direct or lyft or peloton or some other names. guess what? that plus the fact that wework is struggling dramatically to even try to get anywhere near the ipo starting gate has really sent a message. that guy on your screen, the adam newman founder, so-called charismatic guy, he and his problems have really sent a message i think to many different companies. one of them, just made its first major acquisition a couple of hours ago, first on fox business, the founder, and executive chairman of kind bars, do you eat those, charles? charles: i love those kind bars. >> oh, my god. this guy, daniel, is unbelievable. he said why would i bother going public right now? let me kick back my heels, to stay private. with us in exclusive interview, bring up any treats he made and by accident le

time the to get word on street bernstein initiating peloton the company is leading the destructive way connective market and has a market of 50 million households in the u.s >>> deutsche bank downgrading ford from buy to hold. firm says it worries about ford's preparedness for an u.s. industry downturn. also says benefits from its $7 billion restructuring program could take longer to materialize than prefl expected. shares are down 6.5% morgan stanley is out with a new note on ride sharing, lifrt at equal weight firm forecasts generation z as driving lyft's rider growth higher by 11%. morgan stanley says it prefers uber over lyft citing improving u.s. ride share profit trends at uber nonetheless lyft shares are up 1% today steph, here's what tickles me about the bernstein note on peloton. price tar get is $29 that's the ipo price >> i know. they weren't on the deal that's okay. i think it's a thoughtful notes. i like the sum of the part analysis the question i have can they get 40% subscription as a total percentage of revenue over the next three to five years that's a big ask, i think

market right here we work was essentially a real estate company and peloton for lack of a better word is just stuff overpriced stationary bike with an i pad super glued onto it and the real innovation right now has actually been coming out of china in 2018 the biggest i.p.o. were chinese companies on the u.s. market. which included 10 cent which included a neg which included ali baba back in the day which generated $300000000.00 in brokerage fees for the u.s. trading market so all of this information and all of this money and revenue into the u.s. market is actually coming from china so again is that does the u.s. market actually is harmed from the us implementing capital controls on chinese companies. well again i don't believe there's going to have a controls but if we get down that you already saw the very beginning surface on friday when the when the the in the news that came out of bloomberg so certainly that's going to create a much bigger selloff but again these things will resolve themselves they always do and there's always a reason why markets finally get that final selloff

el pelotÓn de antonio acevedo fue llevado a un campo de concentraciÓn al centro de alemania.ando lo sometieron a una salvaje travesÍa. >> era mÁs bien el tiempo que duraron para marchar hacia la muerte. era que le llaman la marcha de 217 millas. >> en hungrÍa se viviÓ el furor de la liberaciÓn. el papÁ de ana marÍa, capturado esta vez por los rusos, volviÓ a tener a la suerte como compaÑera. se encontrÓ con una antigua cliente que lo ayudÓ a salir del campo. cada dÍa la vida de ana maría tenÍa nuevas sorpresas. >> recuerdo el dÍa que le dijeron a usted que el tÍo alejandro no era su papÁ. >> eso debiÓ ser cuando ya estuvimos reunidos en el apartamento. allÍ supongo que fue cuando me enterÉ que al tÍo alejandro fue mi papÁ. >> todos juntos tuvieron algo en claro. no se quedarÍan en hungrÍa. el final de la guerra tambiÉn llegaba para mario,tÍo de silvia, prisionero aquÍ en auchwich y quien viviÓ la liberaciÓn de este campo en 17 de enero de 1945 a manos del ejÉrcito ruso, pero fue trasladado de aquÍ a otro de los infiernos, aunque allÍ ya al ser liberado gracias a un conocido p

you started to see it with uber and lyft, and now you have seen it with wework and others, peloton, patho profitability. it is a fork in the road situation for ipo's. to be thetinues poster child for what ultimately is investors saying no more, in terms of these business models that lack profitability, at least a path. kurt: dan mentioned path to profitability. you mentioned tough decisions that need to be made. what happens next at wework? >> we have noted some of the stuff they have started to do. the new company ceo says the company wants to sell the $60 million gold stream jet bought last year. that was something that obviously got a lot of headlines, $60 million. they are going to need more than that to keep going. they have discussed selling several side businesses, including meet up, managed by q, and conductor. seems like the company will also cut maybe in the thousands of jobs. they currently have about 12,000 or 12,500 employees, some pretty serious. i think they -- so pretty serious. i think they are looking around to see where they can make changes. there might be trimming in

peloton could be shifting boo high gear. positioned to disrupt the fitness industry. skeptics remain. the only firm that wasn't an underwriter and initiate coverage with a hold on the stock. the shares are down today by 4.5% the company is one of the worst performing ipos of the year. it's down about quarter in its value since it went public >> wow, a quarter of its value i thought more people would be buying it. >> i love the bike i use it every week. the thing about this, obviously, everybody knows how wall street works but to see it in plain sight where one firm doesn't have a bay rating on the stock, is not involved in the underwriting of the stock. >>> netflix planning to shell out more bonds the company announced it wants to offer $2 billion this bonds netflix has been gearing up from heavy competition of apple and disney the bonds will help finance netflix's production deals and acquisition. shares have slipped around 12% first time in a long time we have seen that kind of performance out of that stock. i all te pends

look at the first day pop, net of the losses of the companies that have broken , uber, lyft, and peloton$6 billion to the positive. i guess i disagree with the notion. romaine: i know you've been banging the drum with regards to direct listings and the ipo process quite some time. when you look at the age at which some of the companies that have come to market have come to market, is that a side effect or is that a result of some of the concerns and some of the medicines about doing ipo's? is that more a reflection of the general idea that it has become easier to invest in the private market and have profits in the private market? bill: there are two things. it is obviously a direct result of there being a norma's amounts of capital in the private market. stacy cunningham from the nyc was at our event yesterday and ,he noted that it used to be one of the reasons to go public was to be raise capital. now there's so much capital available in the private market you do not have that as a reason to go public. i think that has been part of the delay. if you view the process as unfair, that mig

. >>> peloton, that stock down 22% from its ipo. now there could be competition coming.ming up. >>> plus, a retail veteran, jerry storch is with us. he says holiday shopping will be strong because the economy is strong and he's strong, by the way. he will make his case next. >>> in the 11:00 hour, maria bartiromo will join us to talk markets and china. she's not a fan of the phase one trade deal. her input when we come back. introducing even more value from fidelity. fidelity now has zero commissions for online u.s. equity trades and etfs. and fidelity also offers zero account fees for brokerage accounts, plus zero minimums to open an account. and only fidelity offers four zero expense ratio index funds directly to investors. with all of those zeros, there are zero reasons to invest anywhere else. fidelity. ♪ so maybe i'll win ♪ saved by zero this is the familywin who wanted to connect... to go where they could explore and experience adventure in unexpected places... ♪ who were inspired by different cultures ♪ and found that the past can create new memories... leading th

there is a peloton that is great, not just a hanger of lululemon clothes.ny. >> talking about that made me think of direct listings, spotify, strong morning, up 10% on what were better than expected numbers >> line by line the numbers are better mccaffrey i thought might hurt it. >> going to be stepping down as the company's cfo. >> but line by line is better. >> on to the board of directors. >> what can i say? i look at it, i've got no problem with any of the users. i have to tell you they have a much bigger base than apple. a lot to discuss here. >> and the premium -- the premium of spotify is 133 million, something like that >> yeah. gross margins a little disappointing. a lot of trials. >> yeah. >> but i do think that this is a company that did a direct listing, didn't have all that support. it has been doing well and maybe now it is getting recognition. you know what is interesting, mccaffrey came from netflix and this was all algorithmic in terms of what people want. and it is about time the stock started going up it is not a bad company at all i like

. >> i wonder, we're so pelotoned, my wife wanted to say, listen, not sports bra, okay, not -- it isulemon that hangs on the peloton. >> it is lululemon, she corrected you. >> it is not sports -- never mention that that is wrong. i want to correct myself shouldn't have said sports bra, sorry, lisa, what i meant to say was lululemon. clear now? better >> we did spend the end of the quarter talking a lot about the market for initial public offering i think poor is a nice easy way to say it. not well received. >> why don't you smile directly at me. >> that was one of the worst >> we're done. just say no. i'm working on a piece tonight for "mad money." the president pulled the plug on the theory that maybe we'll pull the plug on chinese ipos i think the president should do it to protect our wealth. >> do what >> stop the chinese. >> not allow listings by chinese companies. >> the performance of these is so horrible, that peter navarro would have had more ammo had he come on and talked about that yesterday. in that interesting interview that he did with "squawk box". >> you don't think wh

want for the moment >> you said that uber and lyft might be bargains or values at this point, but pelotontrading above what you were saying it was worth. what's the difference between the companies that are a bargain now and maybe ones that are making a case for growth that you just don't see in the numbers. >> well, i think both uber and lyft, the only way to be bargains, bargain might be too strong a word, these are good long term bets for me as investor as a trader, i would still be terrified playing either stock i think growth is what i'm looking for as an investor i think in a sense i am building that into my value if it doesn't come about, my investment is not going to pay off. i'm okay with that that's the nature of risk. >> professor, do you think the ipo pipeline for the time being is closed right now? >> i think people are rethinking i don't think it is closed because momentum can shift on a dime six months ago we were having this discussion, all of the momentum was in favor of ipos. now it is against ipos wework debacle played into it. i think this, too, can change. three month

and really right now what ambassadors are saying, you see with uber and lyft and wework and others, pelotonbout it's about profitability. there needs to be a path to profitability as risk starts to come off in this market and it's a fork in the road situation for ipos. wework continues to be the poster child for what ultimately is investors saying no more in terms of these business models that lack profitability at least the path. kurt: ellen, dan mentioned path to profitability. you mentioned tough decisions that need to be made. what actually happens next at wework? ellen: we reported on some of the things they started to do, notably, a symbolic gesture than -- more than anything else, the new c.e.o. says they want to sell the $60 helpon gulfstream jet to adam newman fly around and do travel with his job. that obviously got a lot of headlines, $60 million, they need more than that to keep going. they have also discussed selling several side businesses they acquired in the last few years that includes meet up, managed by q and conductor and there are also talks about job cuts. as we report

that have recently been in the spotlight because of the disastrous debut of palatine -- debut of peloton had another down day, but note some of the tech-related ipo's. crowd strike and data dog which were actually strong security-related debuts, they have all bounced back in a big way. they were two biotech-related ipo's that hit the market for the first day of trading and actually did well. shery: in the commodities space, we are seeing gold up. haven demand and so forth. what are some of the notable moves you have seen. su: notice you are seeing the biggest losing streak for oil in 10 months, and that was extended. thank you so much for that. joining us now is kramer capital research cio hilary kramer. we saw this rebound in u.s. stocks. there's the expectation the fed will need to act now. does this move have room to continue to rise given that we are still expecting the nonfarm payrolls to come on tomorrow? rise.ket can still if the number exceeds the estimate or is below, even if we are 90,000 are coming in 100,000, the market will be off to the races because it means we may see a 5

at some of the recent public names some of the ones that have been hit hardest, uber, lyft, pelo n pelotonbetter performing names since ipo are zoom, pinterest and cloudfare, they're falling further from their peaks startups yesterday heard about the benefits of direct listings over a day of sessions including ones called four decades of underpricing spotify and slack, the who companies who were through the process were examples of successful smooth direct listings airbnb was talked about as the next startup to go the alternate direct route which would enkourenkour encourage others nicole quan said squinn said she walked in with a candidate and they walked away excited about a direct listing being an option for them bill gurley was an organizer behind yesterday's event and critical of the traditional ipo. a source familiar with slack's listing said he personally encouraged the company's founder so go that direct route. as far as we know from yesterday he's trying to encourage other startups back to you. >> deirdre, as you mentioned, when we come back, we'll talk with bill gurley on the hee

not others since september, debuts from consumer facing names with unclear path to profit and the, pelotone direct are the worst performers along with lift and uber there are smaller ipos in health care and enterprise tech still trading above list price data dog, cloud father, ten times genomics we will track these, and you talked about the big one next year, airbnb, could be looking to do a direct listing back to you. >> we'll see what they do. that's one as you said they're all watching thank you. >>> downright compelling that's what our next guest calls opportunity in some of tech this week as stocks slide in a big way to kickoff before. rbc says four anfag names are buys, he will tell you which one isn't after the break. devices are like doorways that could allow hackers into your home. and like all doors, they're safer when locked. that's why you need xfinity xfi. with the xfi gateway, devices connected to your homes wifi are protected. which helps keep people outside from accessing your passwords, credit cards and cameras. and people inside from accidentally visiting sites that aren'

our first episode i sat down with robin arzon, head instructor of the indoor cycling fitness craze peloton 1 president-elect -- 1% better every day. where are you going to be in 365 days if you're 1% better. 1% more grateful. celebrating those tiny victories is something that we have the ability to honor. ♪ >> thank you, robin. >> thanks for having me. >> bless you and thank you for what you do, for what you bring out of others. myself included. you make me better. you make me want to beat my chest. >> whoo. >> oftentimes when i don't want to and so i thank you for that. >> oh, my gosh. it's an honor. really it's an honor. i can't believe i get to do. >> this is the 45-minute pop ride. >> i'm grateful to be the head instructor at peloton. people are stepping into their power and own their stories in ways that i've never seen before. [ applause ] >> tell us about your childhood. >> i grew up in a puerto rican/cuban household. my mother's a doctor, my father's a lawyer. my mother always trusted my judgment and she knows she raised a warrior ready for the world. >> october 2002. tell me what

look at sort of millennial momentum type of stocks, everything from i would imagine the real real, pelotoncloud flair, uber which have had mixed results; right? then you try to protect both investors old and young from making mistakes by get toog excited about a hot -- by getting too excited about a hot product. arefully -- are any of these you like in addition to beyond meat? >> you have listed most of them. we've covered them all. we think slack is real. it's 2.0. it is a product for office people like me. liz: one last quick question, air bnb, casper the mattress company and post mates those are the up coming ipos people are excited about. again these are very much millennial type of names. do you look forward to purchasing any of these or would you urge caution at the moment? >> i'm very excited to get my hands on that air bnb in terms of understanding the profitability underlying that. i think that's a real business there. the others not so much. liz: yeah, i would say airbnb is really established, has a big customer base. thomas george of grizzle, good to see you. thank you very much

bloomburg reporting the meeting will come after a year of ipo flops like lyft, uber and peloton.ll looking for some cash after they canceled plans to go public. investors' concerns about their losses and their business model also led to the resignation of the ceo, adam newman. he wework reportedly said it anticipates difficult decisions ahead. lauren: there might be a future for forever 21 after all. the new york post says two major shopping mall companies may invest in the bankrupt teen retailer. two major landlords in forever 21 would take an ownership chaie to keep the chain in business. during the financial crisis, as we started to shop online, forever 21 started to build out in shopping malls. cheryl: chris collins resigning from congress ahead of his expected guilty plea in an insider trading case. house speaker nancy pelosi's office says that collins sent a letter of resignation that will take effect when congres meets . it -- when congress meets today. lauren: bernie sanders releasing his tax plan, set to target big business. sanders' income inequality tax plan would put

there is little demand for a peloton which became public at 29 last week i told you to sell it. that's latest from a long line of disappointing deals and they're weighing on the averages thank you uber third, we have a rude awakening of what could happen during earnings season when the brokerage stocks collapsed on the news that charles schwab will no longer take commission on stocks, etfs and options. td ameritrade, down 25%. on the other hand, we're also some poz keep track of these. did you want hear much about it. there is spice company they're slightly better than expected quarter the stocks shot up, get this nearly 7%. mostly because the strength in this this particular brand of frank's. so i wouldn't be too worried about the earnings season. pt there is going to be good and some bad fourth, there is washington. this matters two weeks ago i interviewed speaker nancy pelosi she talked about the need to work together with the president to pass the new nafta, revised trade deal of mexico and canada. that is essential to so many companies and their employees. but just a few da

the cost of customer acquisition is or the gross margins and the products that they offer i think peloton it. they got away with it probably because if you look at the scale of the lack of profitability that they had, it showed something a little more moderated than others, which if you ask certain investors, they feel maybe uber or lyft or wework may never be profitable and obviously that's not a viable publicly traded company so i think there is a gray zone and some nuances, but the more you can show short-term profitability, profitability within the next 18 to 24 months after ipo, the more you have an appreciation from the investors that are going to be buying your stock. >> profitability a certainly one metric that could be used, but of course, when you're just going public, investors or potential investors are limited to the financial information that they have and it seems like private valuation after the wework debacle is something that we should not be looking at is that a warning for investors going forward when trying to evaluate these ipos? >> look, i think that there are some

like, but then why, yes into it, same thing, adobe which you also like, but why not something like pelotonbscription model. it's the new ipo. people are wondering about that. >> we looked into it. liz: it's guaranteed month after month money. >> yeah. liz: i just want to ask you one question. you have always said wall street is a casino. warren buffett always says no, it's not, you buy a piece of a company and you hold it and you own a piece of that business. you say it's a casino. in fact, you bring up the term blue chip stock. >> yeah. because if you look at when stocks trade, they call the most expensive stocks blue chips. so i have a finance background so i went into my derivative dictiona dictionary. blue chip was the most expensive chip in the casino. liz: i encourage everybody, i read the entire book and i have a lot of business books that sit on my shelf. it's called "the rule" by larry hite, who scaled unbelievable odds. thank you so much. congratulations on your success and investing in our viewers to give them your tips. larry hite. >>> closing bell ringing in 13 minutes. look a