let's start with the peloton story. far and away surpassing revenue. and adding tons of new subscribers. >> a stock that's a winner in this environment when we're all stuck at home, it's peloton. they came out and said they just crushed their third quarter revenue. now at 525 million. beating expectations. this is also a company that are he petedly said during the i.p.o. -- recently said in the i.p.o. it would not be profitable. today it looks like covid-19 has really fundamentally changed their income statement. they're now seeing an adjusted, even a profit for the year. they're boosting their revenue guidance. again, they're looking at an adjustment gain of $30 million to $40 million versus of a loss of $100 million. connected fitness subscribers are up 94% year over year. 886,000 connected subscribers. i continue to be impressed by this company said that said they weren't focused on turning a profit and now suddenly they've changed their tune. grubhub, a little bit of a company that might be less relevant to our audience. so i'll just mention someth

it's the subscription product and they don't participate in peloton. tell you something, you have to sign up on a list in my house, and that coupled with the fact that a lot of these companies are now having groups. my wife, for example, has a merck design theist group, and i know for a fact that you're riding, mel although i won't give your rider name and the shorts will continue to get squeezed and peloton the stock will continue to go higher, in my opinion just my opinion. >> i tried, my output is low >> dennis morton. >> i'm an ali love, emma ludwell kind of person pete najarian, you're a fitness geek, i like to say. >> i am. i am i definitely am, mel, but i can tell you this, it's not a company that i was in big favor ever until now and now i think the stickiness of the situation will be incredible for peloton and a lot of people that i talk to even today going into the earnings, i was asking people questions, did you do anything yes, they added a million people to the digital side of things and that's pretty impressive to guy's point and there is

well part of them do it indoors for example with indoor bicycled so your if the company peloton which went public last fall whose cable came out with quarterly results and the amount clearly is surpassing the inventory of the peloton the company is not profitable yet but they saw a huge spike in revenue and that stock alone was up by a good jim 16 percent it is a bitch to a surprise because as we mentioned the labor market looks really shocking a lot of people being unemployed and you wonder where people find the resources to buy the bikes or treadmill so from peloton no cost to and $4000.00 up myself by the way i came here by bike from brooklyn so i don't use of public transport you have to takes me about an hour from home here to wall street and another hour back home so that's my exercise for the day yes that sounds very familiar i do the same here on the island take care of yourself and scott in new york. nobody says it's cutting 3700 of its full time staff because of a drop in business during the corona virus outbreak the right hating company says the worst case scenario could se

peloton also raising its forecast. peloton is an interesting one.keep asking which of these trends are going to live on, but here you have people investing in a couple thousand dollar bike , which is putting some money down, and you wonder if that gives this trend itself more staying power. >> that is a good question. callnk their cfo, on the earlier this week, made their position pretty clear. they have about 2 million of their products in use. is equivalent to about 90 million subscriptions. they believe they have a long run way ahead of them. they also believe that even though we may be nearing the end of the pandemic in some regions, life is never going to be the same for many people after this. emily: personally, i've experienced the beauty of five times 50 minute workouts that i never would have done while i was commuting to work. we've also heard some people think they can buy these bikes and maybe return them. how big a risk is that? >> that is definitely a potential risk. sense of there is the value. these things are hard to get right now b

still awaiting peloton ,nd fox, etsy and other name different companies that have been to fitted -- that have benefited from the lockdown, along with tech. regardless of where you look, apple, microsoft, facebook or amazon, they continue to get bid higher on the idea they will come out of this even stronger. definitely, foursquare and paypal coming down the pike. still with us, barbara reinhard, asset allocation hit at voya. we have been talking a lot the last couple of weeks about dominance in the market in tech names and a big chunk of gains we have seen over the last two or three weeks has been because of microsoft and apple and amazon, etc. with regards to the concentration of companies that have helped lead us higher, are you concerned we are maybe too concentrated in those names, or is it fine? is a big concern for everybody, because narrow leadership generally is a sign of an unhealthy market. when you look off the march 23 bottom, there are only four sectors that are beating the s&p 500, consumer discretionary, information, technology materials and then health care. without broad

i don't know apple. >> look at peloton, guys peloton this morning, since the ipo, since the ipo, it's up 69%. over a similar period, s&p is essentially flat sales up 66%, jim. there was a time where people didn't believe that it was -- that the elitist character of the product could ever be shaken >> it's an ecosystem >> as we said yesterday, the market came right in its direction. >> they're talking about it as a treadmill, but this is one where heather gaines, who is key on my "mad money" team, put one on order. they're talking about late june. i mean, moderna is going to get its results before you can get anything from peloton. this thing is incredible the gyms -- how many gyms can open social distanced and wiped down how many people can go to lifetime you know about a & b, right? david, your kid -- is your kid going to be in a or b? that's the big thing people are talking about. a goes to school, b stays at home you're going to have to go to a gym. when you go to the gym, you have to take a number or be assigned a number, and i don't know what you do if you own five planet fitness

is peloton a big joke? no why? because these gyms are going to be the last thing that's opened and people are desperate to be able to stay in shape. and you can't get one to the last week of june. i like that situation. i don't want to own the stock of peloton, it's obviously gone parabolic. i don't like to buy parabolic stocks, but i get the case it's not phony i get the case >> interesting, netflix, roku, which jim lebenthal can opine on in a second, snap, spotify, akamai, trade desk, that's home entertainment providers. >> akamai got hit badly yesterday. you have to start looking at it. home entertainment is here to stay i don't believe the vaccine is anywhere near. and i think the world changes when we get the vaccine. i thought that the rhetorical questions that tepper talked about in terms of whether you go to a football game, the answer is "no," not without a vaccine you wouldn't what, do you want to sit next to 70,000 people that have a cold no, thank you. >> right that's not going to be a reality. >> vox w

.>> reporter: -- i ga peloton bike.ment of your seat is on the right side, and your handlebar height. >> reporter: then came the pandemic and i was stuck at home. but i still had a job to do. this is cool. they try to get it so you're pedalling in time with the music. it wasn't easy. i'm out of breath. i've only been at this for a minute and two seconds. ♪ >> reporter: you may have heard of peloton when its holiday ad last year was criticized. >> a year ago, i didn't realize how much this changed me. mierkt>> my husband got me a peloton for christmas, no weird about that. thank you, you get me. >> reporter: but now with gyms closed in many places, at-home fitness is more in demand. >> the tail wind of covid is undeniable. >> reporter: compared to last year, sales are up 66%. >> it is a little bit awkward that we are profiting from this situation. >> reporter: john foley is peloton's founder and c.e.o. he started the company in 2012 with small visitors and a kick starter campaign. >> it usually takes us seven days to del

peloton also -- also rounding.many companies have been reporting grim news. >> it seems a lot of investors are white knuckling these earnings reports. when they hear not so bad news, the stocks takeoff. take a look at the sea of green. you will see what we are talking about. off out of thek blue. there should be a panel where a lot of the stocks or we can get to that. tullio is one of the software companies that was rising on communication software. there you go. that is the first chart. communication software. accounted for 7% of revenue. a short increase in revenue because education needs were part of what lifted it. lyft narrowed its loss. that took off. peloton struggled out of the box. it is a home exercise company. plugs into live bicycling classes. reported a 66% surge in sales. the shut in has been very good for peloton. paypal went through its earnings forecast and reported sales in the first quarter also missed. that is suggesting the shutdown of business and job lessons is impacting spending. retailer,nd

. >> peloton came in with higher than expected revenue and strong q4 guidance.3, that loss of 20 cents a share, revenue of $525 million, 66% annual growth and compared with revenue estimates of $488 million. net loss in q3 of $55.6 million primarily driven by nonrecurring litigation and settlement expenses in the quarter. it gave strong q4 guidance on revenue more than doubling year over year to $520 million from estimates of $383 million. some big growth in connected subscribers. that's on the bike and treadmill. up 94% annually. and digital subscribers on the app up 64% annually. total subscribers now 2.6 million. they also saw very low churn with reactivation of subscriptions during the period especially in january and the last few weeks of march. they're not selling or delivering now but they are delivering the bike to your door demand has grown so much in q4, they are seeing longer delivery times in getting the bike to customers. peloton continues to pay full salary and benefits to all employees and are making all rent payments across retail and studio loca

phil mentioned the word peloton. we all know that went from 25 to 49 so for it to pull back towards 40 or 38 isn't the end of the world. if you sell strength, maybe you could buy some of that back because i do believe they proved their business model will work. as far as zoom, everyone's coming into that arena. i think the question is, did your business get enhanced because of this crisis, did it change, or is it just a flash in the pan. businesses like you mentioned netflix, netflix was already a proven model. yes, it got enhanced so maybe it has to consolidate but i don't think you sell netflix. same with amazon. amazon had a great run but it's been consolidating. i think amazon makes new all-time highs on the year. the names businesses got enhanced, okay, you stay in those. the ones that might have, you know, had a surge in profits because of this kind of one-off event or multi-month event, those are the ones you have to make sure you are very, you know, just aware the risks are there that it won't come back. so m

liz: let's look at peloton's stock.is popping right now ahead of its third quarter results which come out right after the bell. listen, the stock is up 7.25%. i personally attribute it to my favorite instructor, cody. get some water and get your life together. actually, peloton has been on a tear over the last two months, up nearly 38% as consumers look to home fitness solutions after gyms were forced to shutter when the pandemic hit. analysts are expecting a loss of 17 cents per share and revenue of $487.7 million for p-ton. peloton is not the only company reporting today. there are major names. bring them to us. cheryl: after i work out, i'm hungry. how about you? liz: yeah. oh, yeah. cheryl: right? okay. let's talk about grub hub. yep, they are coming out after the bell. management's already stated that overall growth has been hurt by the coronavirus, especially here in the city of new york. they have lost some of their biggest big corporate clients and had significant exposure to small and medium businesses. earning

peloton.'ve seen the peloton installation truck in my neighborhood several times in the past week. they are back ordered quite frankly. 1.1 new digital only subscribers in march and april. they are getting to new audiences. you can't go to a cycling class so you do your cycle class at home. so some parts of the economy have seen the benefit of this shifting of consumer money and consumer behavior. >> nesting and besting, i know it deals with puzzles. early on we were looking for puzzles at target and they were sold out. flour and baking products, a lot of us are baking more than we used to. many of us have had to cut our husband's hair. there's these little things. razors and hair scissors. >> i definitely need a haircut. >> i could use it. >> we've cut the kids hair and we haven't cut our own. >> my husband, he's still got a little hole in the back but he can't see it but it's fine. >> it's not my skill set, it really isn't. how many people do you know who are posting on their social media si

lets do you that the clothes, they're off the peloton at our house my wife kind of hung stuff on there because flywheel has been closed since march 20th. my once new york state lisa, in late june, there's a business stock is up 25%, up 50% for the year you may hate it. it's working number two, of course, a vaccine, moderna i count this had biotech in the conference two years ago they're powered by amazon web services fast forward to today, the whole world is relying on moderna to give us a covid vaccine before the end of the year. i'm skeptical. the record for fastest vaccine development is four years, and moderna has never tarik enone of these to market before but if they can do it, yeah, the stock is going to explode higher, it rallied 32% since we created the covid index and up 42% year to date a lot of the vaccine stocks were going nuts after the close because some organizations were giving out money to the winners or winners i love that. third best performer, you've seen these guys, lovongo health. people well chronic illnesses manage their conditions. they started with diabetes,

those peloton bikes. they ever heavy. you lift it up on one side, there is wheels to move it on. you really can't move it as a single person. >>> coming up -- that's the one way i got some exercise with peloton was from moving it when you think you've seen everything on twitter, a fuel between mnuchin and axl rose can't we all just get along. as we head to break. first we look at yesterday's s&p 500 winners and losers these days, it's anything but business as usual. that's why working together is more important than ever. at&t is committed to keeping you connected. so you can keep your patients cared for. your customers served. your students inspired. and your employees closer than ever. our network is resilient. our people are strong. our job is to keep your business connected . it's what we've always done. it's what we'll always do. edward jones is it'swell aware of that.et. which is why we're ready to listen. and ready to help you find opportunity. so. let's talk. edward jones. it's time for investing to feel individual. >>> new data out of china shed some light on the world's

peloton could be the big winner in today's market. >>> here is perhaps the best news we could hear any day the average number of new cases in new york continues to decline. a new report that sheds light on who is getting sick as the lockdown begins its eighth week with frances rivera. >> a surprising shift at the epicenter of the american outbreak a shocking two-thirds of the patients became infected despite staying home the new york mayor is warning essential city employees could face furlough. the cuts could include first responders, teachers and health care workers a new study shows that small business loans may not be going to the hardest hit spots the mergely loans largely went to borrowers with previously existing banking relationships the rollout has faced criticism for not getting to areas that need it the most back to you. >> francis, thank you very much. straight ahead here on "worldwide exchange," hunting for bargains, we have two money managers who will join us with names on their radars and what you need to avoid and real world advise two democratic senators are calling fo

you know, you mentioned peloton. i love that stock, because i will need it really badly after being locked in the house. i'm too close to my refrigerator. weight watchers would be great. i think what i would avoid for sure is you know, the movie stocks. i really think theaters are becoming a thing of the past. everybody has been locked at home. look at netflix, it's gone through the roof. they are seeing everything they can live at home. some of the theaters will have a difficult time coming back. the only way they will come back is if hollywood comes out with one blockbuster after another and even that might not be enough to save a lot of these chains. a lot of them are in trouble and you know, with the concerns about social distancing, people aren't going to be able to get back into the theaters. i would really avoid those stocks. liz: john, when you look at sectors, phil's right, we have seen the oil services come back, we have seen some really nice moves there, even something like the theater stocks. they were do

sales of peloton soared 66% from a year ago in the company's latest quarter.ed to keep on rolling. peloton also raised the full year revenue guidance. stock is up about 19% right now. and by the way, 1.1 million people downloaded their app in just a six-week period. supposedly there's other cit stf on the app. here's a look at what's trending on foxbusiness.com. the nfl will release the 2020 schedule tonight. opening day set for september 10th. the league is setting safety guidelines for teams to reopen facilities. next one, bars and restaurants want coronavirus inspired alcohol delivery to be permanent. wallet hub has released the report on the best and worst states for working moms. mass chew at the time topping the liss -- massachusetts topping the list. that's the list of what's trending. maria: we are looking at homeowners, home buyers heading back into the market. weekly mortgage applications to buy a new home are up 7% from a week earlier. that's led by strong growth in texas, arizona and california. buyers are taking advantage of course of record low i

peloton has apps.no excuse. >> katie: dan bongino, i know you are a gym guy. >> dan: i have never been more jacked in my life. i have a home gym. i have nothing to do. i am squatting at midnight, curls in the morning, bench press in the afternoon, i've never been more jacked in my life. >> greg: i am often squatting at midnight but for other reasons. >> geraldo: erica has emptied the house of all snacks, all junk food. erica is the reason that i am 5 pounds underweight now. rather than 5 pounds overweight. the best diet is when your wife is on one. there is nothing to eat. >> katie: wives have a good influence. restaurants and bars continue to innovate. check out beer carts, the robotic barman serving up contact free beers in spain. how's he going to know when to cut you off? greg. >> greg: the best bartender should be a robot bartender because they treat everyone the same. they don't skip me because there is a hot girl at the end of the bar. they don't get lost in conversation with regular. they don't

but that's me. >>> peloton. have a look at that stock. where is it today? report after the bell this afternoon, i think. ashley, are they going to be a lockdown winner because we are all locked down. ashley: yes, indeed. you are locked down, you want to do your daily exercise. the gyms are closed, so you decide to click the button and buy that peloton bicycle for $2245 plus you may want to jump in on the streaming classes that are $39 a month. yes, we are expecting sales to jump when they report after the bell today. but just remember, the first quarter will only conclude a couple of weeks at the end of march, mid-march to the end, so we may not see the full extent of how peloton has, you know, gained from this lockdown. but certainly we will see a jump. the company is still not profitable, though. let's not forget that, although their shares have skyrocketed. they are up more than 86% since mid-march. so that is good. but by the way, they broke the record for a single class last month. 23,000 people signed up and took part in a live class. that's just what

we've seen it in peloton numbers, certainly in q1 and q2. they crossed more than a million connected fitness subscribers. there's substantial backlog there. if you go on the site now you might see eight to nine weeks or somewhere in that range in terms of wait time for a bike. but i put that in the category of good problem to have in terms of so much demand and, you know, since march, they've actually doubled their supply, their ability to manufacture here. they're making a lot of adjustments, speeding it up. hopefully by july or august they're able to kind of catch up and really get that order to delivery window down this is a sustainable type of behavior, sustainable change in our view we think it will take time for people to go back into gyms and other fitness areas and quite honestly in-home fitness will become more compelling on the other side of the crisis. >> it's jon fortt. i want to go back to the giphy deal as you mentioned 400 million might not be that much overall for a company that as far as i know is bringing if zero revenue, 4

you sold peloton which is interesting. tell me. >> yeah. i bought it wrong.d i was chasing it and i had fomo and i just changed my mind i said, you know what? i should be in the stock but i should have been in it much earlier and lower prices so i got out around where i got in and i may be back. >> what about zoom which is reporting next week? i can't remember what you told me the other day about zoom. >> yeah. i took my original investment out so it's house's money. this is conflicting because it's 300 times next year's earnings so if you're in a stock like this, if they say even the slightest thing that's not a bed of roses there's a lot of potential downside risk so i did come out of some of the stock. the momentum is so sick. like it's so undeniable that people want to be in the name so it will be a big moment and change minds i don't think it's a quiet reaction in one direction or the other. i do think that the business is on fire. and i do think they have the video conference game on lock right now. if i'm wrong the stock will come down big but i don't

that's your trade and you will come out looking like a champion there, mel. >> i do like the peloton time for the final trade so we'll go around the horn why not, right >> tim seymour, what do you say? >> so united health is one of those stocks that when and if it pulls back you want to have on your list 260 and the low teens will guarantee something you want to buy when you get that moment dan nathan, are tigger related >> they're not mine, they're the kids' and the wife one word, oprah. come on, guys. this is a data play. this is a data play and this is an interesting call right here and i will just say with the xlf i'd be a seller of banks on rallies. >> dan denying the cats. karen? >> yeah. so this is a retailer i've had my eye on for two years and it's too expensive and that's tjx bought it today, and i understand at the moment it's not the best place to be although they'll get them for cheap this year. that's for sure, and in the longer term the business will bounce back? guy adami, you know what song i really wish we could play right now? ♪ highway to the danger >> final trade

april strong stock screaming peloton, i know a lot of you feel it's ridiculous it's just a bike well,d, well, then you have to get on your peloton i tell my wife take the clothes off, start biking. >>> i like to say there's always a bull market somewhere, i promise to find it for you right here on "mad money." i'm jim cramer i'll seal you tomorrow "markets in turmoil" with scott wapner is next [ laughter ] >>> good evening i'm scott wapner on day 129 of the coronavirus crisis another amazon worker dies and a new battle breaks out between america's health community and the trump administration >> as bad as this has been, it's just the beginning >> one former top health expert's dire prediction also tonight -- >> we think we know what we know, but nobody knows >> new reports children are now in danger. plus, new controversy erupts between hospitals and the

peloton, there's still upside there. i do think there's still upside. i get they have been big outperformers relative to the s&p but think there's room to go it's about and what we're tracking bimonthly is demand and demand for these platforms we think will continue to be elevated and sustained and hence i think the stocks can continue to kind of tail forward. i don't think they will gap up but they will continue to inch upward as we get through the year >> john, one of the takeaways from your survey work was that consumers appear to be incrementally less confident about just about everything except for schools over the last few weeks and i wonder if you see that bottoming in the near future >> yeah. carl, it was interesting because it was the third wave in mid may and we saw all of them gap down over the three periods, so like you guys are talking about, the market is ripping today, but the consumer is, you know, kind of concerned about doing things in their normal life like even in the survey just we asked about disruption to your life and it's on ave

peloton also raised its forecast. coronavirus outbreak has led thousands to buy the company's stationary bike and work out at home. received $371 million, including money from spain. iag has nearly 1.5 billion dollars in state-supported funding. first quarter revenue was down more than 14% from a year ago. that is your bloomberg business flash. alix: thanks so much. here's one other story we are watching today, and that is oil. oil is up because saudi arabia raised prices for refiners. brent crude went above $31 a barrel. it does signal potentially stronger demand. earlier this year, the saudis were dealing with a price war and offering big discounts. now they and opec-plus partners are promising a production cut to rebalance a glutted market. i don't know, i am still skeptical they are going to control the export market. we will see. coming up, the pound strengthening after the boe's unwavering pledge to support the economy. we will speak with jordan rochester, nomura g10 fx strategist come on what it takes -- strate

over 23,000 people streaming last month and we should note our parent company is an investor in pelotonapa john's say they saw a 27% spike in sales in north america. april was their best month in history. >>> starbucks says 85% of its stores will be up and running by the end of the week. new protocols will be in place with an emphasis on mobile orders and cashless payments >> michigan governor is considering a move to ban guns from inside the capitol building they demanded parts of the state to reopen. the stay at home order is in place until may 15th and me michigan is an open carry state. >> the coronavirus is changing the recruitment process for the military according to the hill the pentagon may no longer accept new recruit who is ha co confirmed by laboratory tests or clinical diagnosis is permanently disqualifying. the recruit would need to get a wafer to move forward with enlistment >> ruth baitis back home after hearing arguments by home first for the nation's high court and there were some growing pains, shall we saw for the justices. >> what the fdc has said is that when the s

how about peloton, up big this morning. lauren, how many people did they sign up during the lockdown? lauren: 1.1 million subscribers during that free trial from the middle of march until the end of april. the stock will open at a record high. the company raised their outlook for the year. when do you hear that right now, a company raising their outlook for the year. sales increased by 66% to $524 million and the ceo says look, we're confident because people will be slow to return to the gym. so business should be good for a little bit longer. stuart: virus winner, actually. put it like that. how about lyft. that stock is way up today. they had a tough quarter, i understand. susan, tell me why the stock is up so much. susan: they didn't pull their profitability guidance which they still anticipate at the end of next year outside of expenses, nor did they confirm it, i should say. we know that business is tough. april rides are down some 75% as the ceos acknowledge, but they actually made more sales than some had expected in

now thanks to the pandemic stay-at-home orders, peloton sales are soaring.of idle bikes in a few months. >>> ufc returns to the octagon this weekend. >> fights but no fans in jacksonville. fighters and their corner people are receiving swab and antibody coronavirus tests. they've been asked to self-isolate until the results come back. >>> the super bowl champs kansas city chiefs will help open this year's nfl season against the texans on september 10th. the league received a full schedule despite coronavirus fears. other highlights include a week one matchup between tom brady's buccaneers and drew brees' saints. >>> nba practice facilities opened for player workouts but only three teams have signed on. >>> and baseball will soon be releasing a plan, according to sources telling abc news. a little bit of hope. once the nba, once that season was suspended, a lot of people -- it finally felt real, it was something that hasn't been done before. now slowly a glimmer of hope. >>> when we come back, why peyton manning and what he just did to tom brady. >>> why we'r

with gyms and fitness clubs closed, peloton has been benefiting from demand for home fitness equipmentk computer games now because with huge swathes of the world's population stuck at home, games developers have been presented with a major opportunity. roblox, an online platform that allows users to develop and showcase their own games saw usage soar 40% as the pandemic took hold in march. roblox is already the most lucrative app on apple's i0s after youtube. the company says it also has a role to play in helping children learn through play but it has not been without controversy. joining me now is craig donato, chief business officer at roblox. craig, thank you forjoining us. first of all, what does that mean, learning through play? what are you proposing for children at a time when they do need education and that sort of stimulus? absolutely and as he mentioned, every single one of the games on the platform was built by someone in the community. we have millions of people on the platform last month actively building games and we have tons of resources that teach kids how to do that.

their direction. >> you've got to guy peloton you have to.to take off the laundry because the gym is closed these things just lucked into it >> i have two different people this morning tell me they couldn't talk to me because they were on their darned peloton come on. >> maybe they don't like you >> yeah, well, you know. >>> let's get to rick santelli with ism on the way. good orning, rick. >> reporter: yes, ism on the way. quickly we had the april final reads on the markets service pmi went from a preliminary of 27 to time read of 26.7, the composite went from 27.4 preliminary read to 27. these are really young indices only several years old but those are the lowest levels on record and if we look at what's going on with interest rates the curve on the long end is starting to act a little alive the fed is buying less with regard to qe look at the ten years for two weeks, 67 basis points, we're knocking on the door if we get through there look for rates to go higher. the 30-year is leading the curve and to that end, let's look at the note ove

unless you know of a peloton by a corps an indoor track in your house you may find it hard these days to get rigorous exercise without fear of catching the plea that's what might be hard to believe there was once a plague that actually increased your cardiovascular exercise. until your heart gave. it was called the dancing plague also known as dancing mania a phenomenon in europe between the 14th and 17th century in which break outs of spontaneous dancing were spurred by just one person before afflicting thousands of europeans one of the 1st recorded occurrences of this literal boogie fever was in germany in 1374 when describing the scene in germany just this hacker author of the 888 book the black death and the dancing mania wrote they formed circles hand in hand and appearing to have lost all control over their senses continued dancing regardless of the bystanders for hours together and while delerium until at last they fell to the ground in a state of exhaustion actually that sounds less like a plague and more like a bachelorette party in new orleans as silly as a dancing plague so

me workout company peloton sees a jump in the coronavirus lockdown.enerated more than $524 million in revenue through march, almost 900,000 connected users. peloton is also raising forecasts to more than a million subscribers through 2020. shares jumped in late trading. yvonne: u.s. treasury preparing to issue a record amount of debt as the deficit heads toward $4 trillion. goetze go to our global economics and policy head. this was a big surprise. how big will this be? > it is a surprise indeed. $96 billion, just about as big s it gets. the u.s. needs to raise more, how do you do it? sell bonds. this is the most important of all these funding. very closecally watched. three-year note, $42 billion. banks love to buy three-year notice. this is up $9 billion from $84 billion in the previous quorter. much higher level than it used to be for the last five quarters. surprised how much bigger then he 10 and 30 year amounts got. all the nominal mature by ties will be higher. all of them. also on tap, $2 million of the newly rebooted -- reduced 20-year bond.

does everybody have a peloton. do you actually use it, dagen? that's always my question.back to you. dagen: i will be more likely out there riding a tricycle on the sidewalk than stuck in my apartment on a peloton. i can't wait to get outside. more and more and more. anyway, cheryl -- cheryl: you bet. we're in our apartments enough. just to be clear. dagen: exactly. china eyeing more control, the communist country threatening hong kong's independence with new national security laws. the surprise move could end hong kong as we know it. the new putting pressure on markets around the globe. back in september, maria spoke with hong kong tech tycoon, democracy advocate jimmy lai and asked him if hong kong's fight for freedom will go on. listen. maria: i know that one issue is the fact that universal surrerafg is something you spoke about a lot, you want to be able to elect your own leadership for hong kong. >> what we know is if we don't fight we will lose all we have and we will loose the freedom, the rule of law, the way of life, all that we have. we have no way but to fight

that is $1.5 billion a year going into home fitness that is going to benefit companies like peloton ands. so for those not invested in the space, we envision a fair amount of capital going into home fitness. but on the commercial side, we would imagine that most investors are going to stand on the sidelines until the data myys out, and i think partner who runs our fitness vertical, he ran one of the largest manufacturers of gym equipment in the world, and when we got this data back, he went and checked his sources to that areis this 1/3 going to cancel confirmed. yes.ata we got back was i would imagine that most providers of capital will probably sit on the sidelines until the new world order shakes out. vonnie: you will have to come on and give us an update very soon. thanks for joining us today. that is bill harrison of harrison company. and of course, thanks to bloomberg's sonali basak as well. matt: coming up on the program, a lifeline for deutsche's lufthansa. the german government agrees to a 9 billion euro, almost $10 billion bailout, but it may cost to the carrier some very valu

peloton, netflix think about the categories sustained head wind.at could be around google or facebook what's going on in advertising. some of the greater speculation or better restrictions on advertising, some things you heard with department of justice and google, for example. then there's the question about sustained tail winds if you look at companies that are really playing into ecommerce, wellness, 5g, all these, the future of work, that really plays, i think, most strongly into apple's strengths. so i think if you take that lens of what's going to return to normal, we'll have a tail wind, what will have a head wind it clarifies this whole pandemic trade. if i can, joe, just try to zero in on what i think is the biggest opportunity for investors here, it's a well traveled road but i think apple is ultimately the most upside. the reason is that for companies to really flourish post-pandemic you need two things. number one is cash they have close to $200 billion in cash. second is the right product road map to really play into those tail wind th

bikes are like a peloton that let's you ride away from your husband who's telling you to lose weight.t remember, folks: with more people biking than ever, bike responsibly. i'm looking at you, cirque du soleil! that's not socially distant. all right that's it for the sunshine. let's get straight into the headlines. our first headline comes from france, the only country that allows you to add mistresses to your family cell phone plan. as the country begins to reopen after the pandemic lockdown, one of the things officials are insisting on is that everyone must keep their face covered in public. but they have very strict ideas of what that face covering should look like. >> reporter: there is concern in france that racism is at the heart of who can and cannot cover their faces and, specifically, how they do that. face masks are now mandatory in public in france. there are cameras in the metro system and other public places to make sure people comply. >> reporter: but niqabs and burqas, face coverings worn by some muslim women, are still banned. while critics see a contradiction, the fre

>> it's peloton, judge we've soon some upside call buying for two weeks and so i'll be into this for the earnings tomorrow >> gotcha. jim? pharma >> trimming here of google, not selling it outright but putting the money in electronic arts reporting after the close. should be a big beneficiary of covid. >> driving the tractor over it stephanie link >> so i'm adding to twitter. the stock is down 11% on the year down 28% from the highs. i thought the quarter very good offset by advertising. advertising comes back. >> great stuff great having everybody thank you so much for watching kelly picks up the breaking news coverage now. >>> thank you, scott hi, everybody. welcome. stocks are rising today on optimism that the economy is starting to reopen the nasdaq less than 1% away from turning positive for the year right now it's up under just 2%. the s&p up 1.6%. the dow up 1.4%. oil is also a driver of today's rally. it's on pace for a five-day win streak wti crude up 21% right now it's come a little bit -- no extending them i misread that for a second. $24.72 a barrel and continued to move

among them, tell it on -- among them, peloton.com benefiting from more streaming with 50% more users. twilio is up 37%, at a record high. paypal as well forecasting a strong second quarter. finally, just a check on the commodity complex, you're seeing a nice rebound there. you have gold near $1700 announce. copper up by about 1%. even cotton getting a nice bid, up about 2.5%. one final note on volatility, continues to come back down, now 31wo month low, looking at a handle. vonnie: top trade negotiators will speak as early as next week on a phase one deal. this comes as president trump threatened to terminate the agreement if beijing doesn't stick to the terms for more, we are joined by kevin cirilli. it is a bit that we are back to talking about a phase one deal, particularly out of the amount -- particularly after the amount hurledoric that has been regarding the coronavirus. kevin: policy on a collision course. the administration remembers pre-covid-19 era in which beijing was targeting agricultural space in order to use levera

all of these great shows from the food network that people so much and then we kind of have the pelotoncooking classes. over 2,300 live and on demand cooking classes, 80,000 recipes. it's the perfect companion know, t and amazon, you deciding to give a one-year to lementary subscription all of their fire tv and tablet owners gives us kind of instant which is really great during this time. so tens of millions of people around the u.s. are going to join us and we can't wait. plans, i know you worked at amazon for a decade, i'm curious how that elationship played into this and if you have any plans to expand this to non-amazon customers? peter: we launched the product in october. i.o.s. and ble on android and roku. it's available on all platforms today. partnership with amazon is special, they're the leading ompany in the world for voice technology with alexa. we have the most powerful food brand in the world with food network. it's sort of a combination of those two that we think creates experience.customer you as an example, emily, are in a cooking class with us, you can use alexa comman

your numbers are through the roof we love our peloton instructor so here you go, watch the monitor. of people on a daily basis with hard work and dedication our man carson is not too far behind you and keep pushing. much love, happy birthday, man. >> there you go, buddy happy birthday. >> thank you appreciate it. >> you got it, pal see you soon always great to talk to you. check out live coverage of taylor made driving relief by health group may 17th at 2:00 p.m. right here. guys, good news there. >> carson, thank you so much jack daly, you are so impressive up early we'll see carson on "the voice" and back here for "pop start." if mother' >>> good morning. 8:26. i'm marcus washington. hayward firefighters are trying to determine what caused a morning fire that led to dozens of residents being rescued from an apartment complex. it started about 4:00 this morning on dixon street near mission hills golf course. this is just west of mission boulevard. crews arrived to find people who evacuated the building waiting outside the complex. right now there are no reports of any injuries or h

start with peloton, maybe. lauren: it's up 58% this year. gyms do reopen, they do not expect the peloton craze to die down. in fact, if you look at google searches from mid-march on, people are searching for peloton bikes. so this workout at home phenomenon might be here to stay. that's one of the changes we are seeing during the coronavirus. stuart: okay. how about clorox? lauren: speaking of changes, clorox wipes are everywhere in your house, in your car. another change here to stay. the ceo said to maria this morning that the only issue the company is facing, the only issue is demand. listen. >> we saw the amount of spikes of up to 500% and no supply chain in our industry is set up to meet nademand like that. help is on the way to make the situation a lot better this summer. importantly also, we have made long-term investments already to help us cope with hopefully cope better with future situations like this should they occur and keep people safe, and to have more products in store next time. lauren: did you ever think that we would have