i've done one of the peloton -- i don't have a peloton bike, i have a cheaper version, so i'm a personone a peloton hack, basically. you can use the app without the bike, you can use a different bike or whatever. i've done one of the beyonce rides. that one is excellent. >> that sounds good. >> yes, indeed. thumbs up to those. >> good luck to you, diane. >> all right, naomi ruchim here in new york. naomi, thank you. >>> up next, counting down to the new year. officials in new york's times square rehearse the midnight tradition. >> happy new year! centrum helps your immune defenses every day, with vitamin c, d and zinc. season, after season. ace your immune support, with centrum. it's a thirteen-hour flight, tfifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, the

>>> plus, apple wants to make cars, peloton's big purchase and lululemon wants namaste-powering overseas that's good. that's all coming up in "rapid fire." n ha maste, mr. pisani, as we start with the markets. >> i'm sitting here cross-legged on the floor, as always. let's take a look at the markets. a bit on the flat side we've got a couple of problems we were weak going into the european close around 11:30 eastern time we've recovered a little bit, but the two problems are very simple the covid winter is starting to weigh on sentiment overall and the new covid strain over in the uk, can't figure out whether it's a macro risk to the market or not is the new virus more resistant to the vaccines? we don't know though the market seems to feel that is not the case so let's just take a look here the dow laggards that we've seen heroic the cyclical stocks that are largely tied to that reopening story here so we've seen some weakness, flatness in industrials and energy stocks like chevron, even jpmorgan, the banks after a great run yesterday on the news on friday all weaker today again, these

peloton and zoom, guy, examples of lazy investing.you agree >> you understand what he's saying there i think he even back tracked a little bit on the lazy i understand what he's saying. stay at home, people are going it reich their biide their bikee zoom video i get it but my pushback would be i would submit at this price, even if zoom is 75% of what they're doing now, in 2021, the stock is still pretty reasonable, i think. i think the world changed fundamentally. though peloton, if this had just lasted a month, i would have agreed with him. we're nine, ten months into this i think people have become attached to their peloton. i have i know you have. and i think if kay fine would say the same thing people love their bikes. i ride with certain people i'm steadfast in that. i'm going to stay true to my peloton roots. >> you ride with people? you mean the instructors, not -- you ride with karen? we don't ride together, that's for sure >> the instructors >> got it. >> we don't ride ogether. >> we don't ride together. quickly, which is you

that helps peloton and precor. they just exponentially increased their ability to drive sales and profits through channel, geography and profitability. >> with vaccine distributions much more likely, the story is becoming more about the reopening trade that people will, after being cooped up in their homes all year, people will look forward to going back to the gym and socialize with other people what makes you think this trend of working out at home will continue >> a couple of things. on average it takes around 66 days to form a habit when you're able to work out in your home and do other things, it helps it doesn't mean that people won't go to a peloton class because they have that opportunity. frankly even before the covid environment happened, there were gatherings of people who would ride together, never see each other in person, and they would have a meeting at one of the peloton head classes, basically here in new york city, where they would all meet. i think you'll be able to have that the functionality of

it even affected peloton briefly, because peloton, some people say, is it a fitness company or is ity because it is a subscription service along with the bike, et cetera, so apple is trying to come for peloton and others now. >> don't start me with peloton, or is it a cult? i know a lot of peloton people out there. diane king hall, don't @ me! thank you, diane. you're in new york. >>> up next, they are the most powerful women in the world. we'll show you who topped "forbes" list and who made a pretty impressive debut. because there are options. like an "unjection™". xeljanz. the first and only pill of its kind that treats moderate to severe rheumatoid arthritis, psoriatic arthritis, or moderate to severe ulcerative colitis when other medicines have not helped enough. xeljanz can lower your ability to fight infections. before and during treatment, your doctor should check for infections, like tb and do blood tests. tell your doctor if you've had hepatitis b or c, have flu-like symptoms, or are prone to infections. serious, sometimes fatal infections, cancers including lymphoma, and bl

. >>> shares of peloton racing hire again today, that company making its biggest deal ever to get off the manufacturing treadmill. >>> strange bedfellows why google and facebook could potentially team up. >>> and it is tipoff time already, the nba season starts today and just like almost everything else this year, it will look a lot different. it is tuesday, december 22, and this is "worldwide exchange." welcome from wherever in the world that you may be watching i am brian sullivan. thank you for joining us as you probably heard, we have a lot to get to this busy tuesday. but let's open up our game with a deck on your money score futures a lot different this morning than it was yesterday. futures right now and the dow done about 60 points, nasdaq futures, they were in the green. now, all this coming off yesterday's furious stock comeback remember, at this time yesterday, futures were tanking, down 100, 200, 500 points presumably on the uk covid virus strain news. but then midday the markets came roaring back and it became clear that likely was not the case more likely it was an impac

as we look forward to 2021, i would begin to rotate out of peloton into planet fitness. really interested in planet fitness in the low 60s. we have a lockdown flairing up right now and it could certainly pull back to $60 it was between 50 and 65 all summer long while gyms were open here's why i've always loved this company, i just haven't been able to get in at the right price. it is a unit growth scoring. second thing is their subscription model is absolutely genius at $10 a month, it's actually more painful to cancel your membership than it is to just keep paying them i was talking with a buddy today and he told me it took his wife almost a year to cancel because you actually have to drive into the physical location to do it she's like just keep taking my ten bucks a month. i have a nice home gym but even i would pay for the opportunity to get out my house. i'm not pulling the trigger on this trade yet but i am washingtoning it >> a lot of people invested $3,000, $4,000 to boy that peloton bike it takes a lot to get that person back to the and even their membership bas

very similar to i guess the peloton april b peloton app but what i thought was really hard trying tostructors because i got into the peloton instructors recently, and i have a few favorites. so fitness plus, i'm trying to figure out which is my favorite and why. they don't share a lot of information about themselves, as much as they do on pell atan. that was a couple of thoughts i had. >> todd, and i know you and i both like alex crouton. i think we share that after reading your review. i quoted him on the show before and some of his motivational speeches. >> love him. >> to be clear, as far as the pe peloton competitor, you're talking the peloton app, right, without necessarily buying the peloton machine. >> right. >> are there any implications for the machine if you buy the apple fitness app? >> it so i don't think -- peloton did a great job getting people addicted to the machine and they stay with that and like the classes. i think it's sticky. so that's $39 a month, that subscription service aside from the cost of the bike, if you have the bike. then peloton offers the app for am

jack: so a very different type of company, a real story stock is peloton.billion on the, i think it's incredible -- peloton, but again, it's a big runup. do you think it can still keep on going? >> you know, peloton was a very interesting trade that we got into, and i'm thinking more and more every day like maybe we're just going to keep it. [laughter] and i think what'll be telling here is pay attention to how quickly people come back to the gyms once the gyms are open. i don't know what percentage of people who bought a peloton will ever go back to the gym. and if they don't and they really like sort of their ability to socialize while they exercise, then, you know, that might be a more permanent shift of human behavior. so, and, you know, it looks like it's expensive, but compared to a gym membership, you know, maybe it's reasonable. jack: that's a good point, and it's right down there in the basement. one more thing and that is' roku. we've seen enormous disruption in the intertalk aboutment industry, of course. -- entertainment industry. roku, you thin

for example, peloton and hydro, whatnot.g on lower body where a boxing work out is upper body. if you have a hurt knee that is really important. what we're seeing really high usage numbers from our users because they can get on for just a song or get on for a trainer but, boxing workouts are, you need to be focused. you can't be looking at your tablet or not paying attention. so the time kind of just melts away. that is really important for us. jackie: how much to get one of those in my living room. >> 1495 and subscription, 29 a month. you can finance right now. jackie: it is in line with other services. when you were developing this, putting it together during the pandemic, i'm sure it was challenges. what was it like with not only new business but one where you're innovating to cater to the crisis you're living through. >> it has been pretty tough but luckily we have a great team. we've actually been spread out. we look for the best of the best. we have people in california, new york, and texas. our engineers and support

vonnie: that was the peloton president william lynch.ast 200 organizations were hacked in a suspected russian cyber attack. we will discuss this with a leading expert in the area. this is bloomberg. ♪ >> it is very serious. itdon't know the depth of yet. we are spending a lot of time analyzing. we never imagined we would spend billion's of dollars, obviously with limited success and this is the risk of the defense of this country, national security. we have to take it seriously. vonnie: ominous assessment from senator dick durbin. this is after hackers breached u.s. systems. for more on what officials are finding out abou tthe -- about the hacks, we have theresa. is this the tip of an iceberg or have we pretty much figured out what is going on. >> we have not figured out everything that is going on. but the investigation continues. we have not identified the full ecosystem. allll of the victimes i -- fulle victimes in the ecosystem. for example we know the fireeye team tools were taken. counter surveillance measures have to be put in pla

peloton actually was down, it's now up 1.25%. again, yesterday's news that it was tied up with precor sent peloton stock to its fourth record close in a row. in turn, nautilus got a halo effect as well. but profit taking slowing both down earlier and now just nautilus moving down 3.5%. peloton looking at a fifth straight record close, if it can hold on to these gains. >>> and when you take into account the strength building these two companies have shown, this year alone, maybe it's normal that people would be cashing out after these gains. peloton, up 473% since the 1st of the year, and nautilus has gained 1,117% as the pandemic shuttered gyms, fueling a rush to buy home gym equipment. >>> the price of the third most popular cryptocurrency dropping as the s.e.c. officially fires a legal shot at it. the ripple effects of the charges against xrp parent ripple could either wound it or give investors the best buying opportunity in years. bitcoin, well, bitcoin is raging higher but what happens if it goes south for the winter in what

will a peloton branded elliptical be next? okay. this is wishful thinking on behalf of me, but this after peloton announced it's acquiring gym equipment maker precore for $320 million. precore has huge manufacturing operations in north carolina and washington state, which could be mighty useful to peloton and its miles-long wait list for its connected bikes and treadmills. look at nautilus. as peloton jumps 11%, investors are scooping up shares of precor rival nut lus autilus in the ho will be in play at one point. already up 1,171% year to date, nautilus adding another 13.33% to its gains, standing at $22.11. >>> fitbit unable to catch investors' feverish buying of fitness names. it's getting slammed after australia rejected the concessions google made in an effort to appease antitrust regulators that its purchase of the wearable tracker could not crush or would not, rather, crush competition. we've got fitbit down another 4.7%. >>> and 24 hours after the mega-headline broke right here on the show, actually, that apple plans to bui

rival peloton's app starts at $13 a month, a little bit below that level peloton shares sold off initiallyersed course higher, a monster stock, up 1.5%. apple unveiled the air pod max for $549 mike, which of these two announcements is more significant? >> i think longer term the fitness announcement is likely more significant just in the sense that with the way that apple tends to do things is we're going to enter a business, we're not claiming we're going to take it over right away and down the road if there's going to be a all-inclusive apple subscription that basically is apple as a service, it's kind of thereof already, but if it really gets filled out with a full slate of apple-tv plus, then it becomes a bigger story longer term, and when it comes to, you know, the air pods max, they put max right in the narmgs right, so they are not telling you they are going to be gm. >> i couldn't come up with a name i said do we have a photo of the air possible, the beats things and i'm just doing this and i'm getting it confused with the newspapers of the phones what do you think? >> well, hold o

, but i'm bullish peloton.r question, i think it's still go time for the tech ipo markets into next year investors are champing at the bit. for many of them, this is the period they've been waiting for after a decade plus of illiquidity so we think there's a really robust. >> there's mirror, you could say there's apple fitness. we won't dwell on peloton per se the one i'm also very, very interested in and i'm curious if you know it's going to come or not is stripe because they're doing some super interesting things in the fintech infrastructure space with shopping online. is stripe one you think is pretty likely to go next year or could that still be a ways off >> i think it could. it's definitely one to watch the thing about stripe is it's really in control of its own destiny and that decision is really going to come around the collison brothers when they want to be public if you're looking at these valuation right now in the public markets, you'd be silly to not take a serious look stripe is one on our list t

>> emily: for the peloton king. >> greg: of course i'll use it.ed of. i hope this is not... is difficult to open >> dana: jesse. all the wrapping paper everywhere. >> juan: no, it's not my house. if it was my house. i'd be having anxiety. what is it? >> greg: it's a peloton jacket. wow. >> dana: so cool. come on. >> greg: wow. after my workouts when i want to go to the coffee shop, this is what i will wear and i will sip coffee outside and feel like i'm better than everyone else in my peloton jacket. >> juan: you know what. let's give credit to greg. he actually uses peloton. he has gotten pretty good shape. we are going to take a quick break. jesse. >> greg: we have run out of time for emily! >> juan: it's coming up. after the break. after the break! easily and automatically pay your team and file payroll taxes. that means... world domination! or just the west side. run payroll in less than five minutes with intuit quickbooks. damom, look!get sare you okay?? head home this holiday with the one you love. visit your local mercedes-benz dealer today

saying, because peloton shares are jumping 3.8%. >>> to our floor show traders. jon corpina, phil flynn. jon, peloton leadership aside, apple is no longer a tech company, it's a lifestyle company. do you buy apple or do you buy the stocks, the technology behind this lifestyle company that's within the apple ecosystem to make it work? >> good afternoon, liz. full disclosure, i have been an apple holder for a long time. i don't trade it. i simply buy it and hold it. that being said, i'm a true believer in the mothership. yes, there's a lot of companies within the ecosystem there that get to profit off of apple's continued growth in different products. but when you look at apple as a company, it is a lifestyle stock. it's going to continue to be a lifestyle stock and company. i think this price level that we're at is one that's somewhat important. if you go back to the end of the summer when the split came in apple, apple came down to the mid-teens and has been trading in the mid-teens to low 20s for quite some time. this is the first real bump-up we have seen since

charles: shah, peloton being added to the nasdaq 100. think that is huge people are wondering which of these stay-at-home stocks you might want to hold once we get the vaccine out there? of course you have a couple names being added, a semiconductor being added. i like the idea of these when they start to rebalance all of these things i think major indices do it too slow. do you like any names going in or some already on the nasdaq 100? >> all of the big names on the nasdaq 100 we own. we continue to own those. we bought more on the dip recently. we will still continue with those, charles. any ones added, peloton not so sure about. i think it is fully priced. as market continues higher on that stay at home theme, maybe bid up peloton a little more. we own a bunch work at home stocks. citrix, data dog, bun. of others, netgear, we loaded up on a lot of them. we done well with them and i think we continue to hold those for sure. charles: i want to take a look at amazon. we can kind of call this the stock of the day getting a big boost. jeff

vonnie: that was the pellets on president -- peloton president william lynch.ll discuss this with a leading expert in the area. this is bloomberg. ♪ >> it is very serious. times spending a lot of -- time analyzing. we never imagined we would spend billion's of dollars, obviously this isited success and the risk of the defense of this country, national security. we have to take it seriously. ominous sentiments from senator dick durbin. after hackers breached u.s. systems. for more, we have theresa. is this the tip of an iceberg or have we pretty much figured out what is going on. >> we have not figured out everything that is going on. but the investigation continues. we have not identified the full ecosystem. for example we know the fireeye team tools were taken. counter surveillance measures have to be put in place. we know that solar winds has the supply chain attack. at there could be other ways that solar and customers moved to not solar when customers. this is very early in the investigation. a lot has to be confirmed and a have toountermeasures be develope

meantime, watch peloton today. near $164. all time high. the key takes it to $185, the target that is you can read why on cnbc.com turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed h

moderna, peloton, zoom, docusign and octa.d fuel the nasdaq 100 up 47% year to date. remember, it's on pace for its best year since 2009. this index, if you don't really track it, it tracks the 100 largest non-financial stocks in the nasdaq composite. i want to bring in to discuss all of it nasdaq's edp of investment intelligence, lauren dillard. great to have you here. >> thank you for having me. cheryl: it has been an incredible year for technology stocks, in particular the stay-at-home stocks, if you will. i'm curious, though, as the economy starts to recover, the vaccine begins to roll out, if in your mind we are going to see a bit of a change in the nasdaq 100's performance. >> well, i think you summarized it quite well. the nasdaq's had an incredible -- nasdaq 100 has had an incredible year this year, up close to 47%. it really represents the modern industrial way we are all living. i don't think it's just necessarily covid or stay-at-home trades, though. it's very much the sort of digital revolution on demand and you me

but, joe, you raise a really interesting point about peloton. you know, do you put doordash into that same category? once we try and get back to normal, am i going to use doordash on tuesday night? i don't know maybe i'll go out. >> maybe but there's a duoply let's keep in mind what uber is doing, uber is rallying with it. the price is just too rich here. i think dash -- i expect it and you can see it in the notes. i expect to get the type of performance you got from snowflake. obviously, you're getting that right now. i'm not going to buy it here where it's basically half of mcdonald's or you've got starbucks with a market cap of $120 billion it's too rich for me i'm interested in airbnb just in terms of your question, i do think dash will continue to be embedded in consumer behaviors as we move forward because there's going to be those evenings where you'll want to sit home on the couch and watch a capitals game or redskins game and you'll want the food delivered to you. dash is good at doing it or uber eats. >> that would be the washington fo

shares of peloton are higher in premarket trading. rival fitness equipment maker for $420 million the deal gives peloton additional market share as well as a boost in manufacturing capacity, and a little bit of a diversification it might need in the future, instead of just, you know, bikes, treadmills and the like >>> thanks, joe. europe is on high alert this morning. multiple countries slapping a travel ban on the u.k. as they fight the outbreak of a new strain of covid. here in the united states, some are calling for mandatory testing before passengers can arrive from britain. what can you tell us about how that is playing out. >> the big news over the weekend was the strange of the coronavirus, on the back of that we saw the u.k. government announce further restrictions. that also prompted up to 40 countries by the close of business yesterday instituting this travel ban, not allowing u.k. passengers into their countries also affecting freight supply as well you may have seen images of some of the trucks lined up near the port of do

peloton shares peddling higher today. the is next on our stock of hour. this every year, we set out to do one thing: help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. - hey. - [narrator] she takes two prescriptions. kate's son jack, takes one too. kate works hard, and thought she had good insurance. but she still pays too much. that's no good. so kate downloaded the goodrx app. now she can compare prescription prices, to find the best discounts. she even beats her insurance price. good for you kate, good for you. goodrx, stop paying too much for your prescriptions. download the free app today. vonnie: this is bloomberg markets. with its biggest acquisition this week, but it wants to add more customers. abigail doolittle is looking at all the other reasons behind the deal. abigail: let's take a look at the stock. up 11.5 percent, it

peloton looks great, zoom is stalling out they were trading in lockstep when we were having the vaccine on/vk off days square and paypal are near all-time highs but the banks are giving nothing back. wells fargo, goldman sacks why are pay pall and and don't want to see red team, blue team. that's nonsensical and just think back, we were doing this in 2011 when gartman was launching on/off etfs. we laughed then. it's still stupid nine years later. >> you're in crowd strike, aren't you >> dude, it's not a work from home stock >> it has capitalized, though, on this period that we've been in, right? i mean -- >> so has amazon but that doesn't make it a work-from-home stock. >> i understand that >> i disagree with the premise >> but how do you disagree with the premise? you've made the case on this program -- >> crowd strike is not working on a vaccine and is not delivering pizza it's literally software security >> is zoom working on a vaccine, dlu delivering pizza >> no. i would make the case that zoom absolutely is probably the most emblematic of every technology stock of work from home bu

peloton, i think this was put there because i need one. william lynch of peloton.ou roasting yourself? seriously. are you going to get one? tom: i may get a brace. preparation for the balaton. tom: a brace of peloton. the pandemic has to be the best thing that happened for pelaton. what you have at the open? lisa: will be talking to rob waldner. pushing forward on the higher inflation expectations paired with the low yield expectation and at what point do we hit a breaking spot for the federal reserve? always good about what not to do in the fixed income space. rob waldner with lisa abramowicz. , 24.25. we moved away from the crisis we saw yesterday. right now, this is extremely timely, futures up seven as well, colin whitmer joins us, pwc in transactions and combinations, and all the focus goes to huge transactions, huge melting's, yet it is the additive effect of the little ones that add up. pwc acclaimed across mid-caps and large-cap space. colin, what does 2021 look like? a lifted mid-cap, a lived in small cap, will that bring on acquisitions? colin: i think it

palantir, snowflake and doordash some other kbhpz acompanies are riding high like etsy, sonos and peloton. this volume at this time really is quite a sight to behold not really sure what to make of it i mean, there's been this whole direct listing this volatility is affecting you no matter which way you came out. >> yeah. you know, it's not just, invest quo investors befuddled by the news. looking at the action over the last week it's no wonder that roadblocks chose to postpone their ipo and learn more about what is happening. we go back to the names, airbnb, palantir under trouble airbnb down 4% after a downgrade to underperform from buy says that it's looking more than stretched. doordash also getting a downgrade from d.a. davidson even though the markets welcomed these ipos with open arms last week, a lot of that was the robin hood retail investor you're seeing this divergence between the analyst that's cover the companies and the retail investors that just want a piece of the growth story. >> yep we'll be looking for the additional research once that begins to roll into these names, j

so for us, both of those names, i mean, great companies, interactive fitness on the peloton side, great company. for us it was a trade. we've been in and out of that name but when we saw the bridge and the efficacy news of the vaccine and distribution is coming, you know, peloton was a name that we said, okay, let's just take our profits and move on similar story with wayfair i think the infrastructure -- we've seen the movement in durable goods this year and as we kind of look to what wayfair has done and they've done very well in e-commerce and infrastructure around the home, we decided that going forward, moving into a hybrid economy, i don't think way fair -- we wanted to take some profits off the table. >> steve weiss, you sold a lot of chip stocks why? corvo. at least you trimmed them. why? >> i trimmed them. its not doing anything today we had some news come out. it's not unknown we just didn't expect the timing right now, which is that apple is going to make their own chip sets apple bought intel's chip set business and they've been hiring a bunch of qualcomm engineers so it's n

eye popping return, tesla up 743%, peloton up 434%. zoom up almost 400 % as we end the year on a very high note, we thought we'd make some predictions for 2021. we wondered what themes and trends would set the stage for the new year jeff mills, your prediction for the new year >> so my line for next year is bigger isn't necessarily better, and i think it really hinges on a few different things, and the first one is that i think for the first time in a long time, you're going to have stimulus and fundamental growth rowing in the same direction i think that's really important. look at a lot of different indicators i like to look at pmi. i think there's evidence of pentup demand. new orders, that has gone up a lot. that's usually a good indicator of rising s&p earnings i hate to say this every time i say it, but i'm going to say it again. maybe the most important thing is the annual increase in m1 money supply for the past 50 years we've been trading in this range of 20% increase to about a 10% degrees. in 2020, m1 money supply increased

peloton, nike, all the names like that, lululemon, thety.if you weren't redecorating you were crafting. so i see a lot of growth in that area too. lauren: nobody was buying clothes. deep store sales and clothing store sales were down big but macy's shares are up 10% today. tj maxx owner, all-time high. those are two stores, tjx doing much better than macy's. when you look at bricks and mortars and physical stores how many can survive the pandemic because it changed the way we shop and return so much? the brands don't go away but how do they exist? how do you expect them to change? >> funny that you mentioned that. tjx acts like some retailers out here went bankrupt. obviously any retailer like that can do well. look at macy's, anybody can do better for macy's, if you're a department store, things are rough for you. there is no differentiation for you, something special like peloton or lululemon, something very different people need and want to wear. if you're stuck in the middle you will get crosscut. that is where the danger lies for retail

. >> yes, peloton shares up, royal caribbean shares down. it's playbook, danny. what did you make of the action? >> yeah, pilot pretty interesting, i think it turned around on the opening and how we closed. i think we speak to the fact some of the most difficult days are ahead of us right now when you think about some of the projections is that in cases over the next few months. and i think it's really important to remember we're all very hopeful about the rollout of these vaccines but there's a lot of answers that really are yet to be determined. and one of the big ones is talking to people who cover the biotech and pharma space is specifically, does this vaccine prevent transmission? so when you look at the goldman estimate about when people, our full country will be inoculated with this vaccine, that's just one piece of the pie and likely to be rosy and likely we will be wearing masks and distancing and all of that sort of stuff for the balance of 2021. so when i think about what the risks are for investors here, how much of this enthusiasm about the vaccine i

. >>> we appreciate it we have a news alert as well on peloton.ck with the details >> yeah. that's right peloton is acquiring precorps, one of the largest global fitness equipmentmakers. the transaction valued at 24 u.s. million it's a division of ameri-sports and they have a significant u.s. manufacturing presence which is what peloton needs because of all its demand for stationary bikes and treadmills u.s. manufacturing capacity will be boosted, boosted research and development capabilities and accelerate peloton's commercial market it will be producing connected fitness products in the u.s. before the end of 2021 peloton's president william lynch said by combining our talented and committed r&d supply chain teams with the precor team, we believe we will be able to lead in the connected fitness market the acquisition adds 625,000 square feet of manufacturing capacity in north carolina and in woodenville, washington back to you. >> and investors believe that, too. the stock is up 4.5% thank you. >>> still ahead on closing bell, the rise of the re

you have to look at peloton. its way way up.pment maker called pre-core. moehring, what is their strategy with this? lauren: well, they want the us manufacturing that precor has so that's why they are by it for $400 million cash. it's-- it's not unprecedented demand for peloton's bike and treadmills but it's being met with long delivery delays because they can't get the products here from overseas in time so if they buy precor they have access to where they manufacture. they hope to start manufacturing by the end of 2021 at the end of those locations and precor has commercial relationships, think hotels in big college campuses, offices so peloton will use those relationships and sell them equipment. that's why they are doing this a deal and it's a record high for the shares i do believe. stuart: that's a zoom right there if i can use it to apply to peloton, up $14. now, show me the tv. is the way up again, 9% higher i happened to watch international soccer on that tv. that's not the only reason it's going up. susan: not when you

i don't necessarily think that adding precor in will add that much value into peloton. to that extent it allows them to fill orders quicker and puts them in the commercial market with fitness gyms and hotels. but a lot of the story stocks are reacting this way. if you are disciplined valuation sensitive it is hard to get excited on names like this although i certainly would have loved to have 4 hundred% return. >>> alaska airlines agreeing to buy 737 max jets. >> this is a big order the second time in three weeks we have had a big order in the 737 max. this by alaska airline this originally placed the order in 2012. now they have expanded it by another 23 737 maxes that means the total for this order is 68 planes with options for another 52 as you will be at shares of alaska, keep in mind they will start flying the max next year, probably in the first quarter, beginning of the second quarter. they will have 21 by the end of the year look at shares of boeing it has logged 98 orders for the 737 max this month give you some sense of how much of a change that is, guys, if y

. ♪ ♪ >>> check out shares of peloton moving higher.e acquiring precor one of the largest global fitness equipment makers the valuation valued at 425 u$45 u.s. million guy, was this a smart move this is to acquire their manufacturing facilities so they can meet better demand >> not only that, and it is a smart move 4$430 million, i think, probabl 1% or so of peloton's market cap. not really -- it's remarkable. not a big deal for them. we played a game in november, best days ahead or behind, peloton. i thought the best days in terms of the stock were still ahead. here we are at all-time highs. gets them into the commercial market now probably some technology not secrets but technology things they can implement on the back of this. it's a company i believe thinks the best days lie ahead. i agree. the stock can still go higher from here despite the fact that i think it's up north of 154 now in the aftermarket >>> let's get to intel shares. they dropped for a second straight day after microsoft announced they plan to design their own ships.

peloton, by the way, i just want to switch to peloton because that's, again, one of those stocks peoples we get out of the pandemic because of the vaccines, as we get out of these lockdowns whether they will still hold their own, hold their market share. what do you think? >> i like pell done because -- pell done because they've gone to -- peloton because they've gone to becoming a lifestyle stock. what's happened over the past 3-4 weeks even though you've seen signs of opening up, closing down, peloton sales have still gone up. they've created a series of programming -- treat them like a streaming stock, and it becomes very interesting. and i think that's where some people are putting the valuation against that. david: the next one is one i use quite a bit, etsy. in fact, i think i got some face masks the other day, as a matter of fact. [laughter] they're still going to hold their own as we get out of the lockdowns? >> etsy, definitely. we've seen a category of stocks that have been winnerrers in the pandemic which are commerce stocks like etsy, shopify and others, and what etsy has do

delivery darling raised higher, investors seemed to be pulling out of recent momentum stocks like pelotonm and palantir. all three of them dropped more than 6% apiece yesterday. but here we are with about 46 minutes left to trade, and investors today the are cooling on doordash which is down at the moment 6.5% while the other three are moving higher and people are putting money in. with billion on the the up 5 -- peloton up 5.8% and palantir better by 1%, what does that behavior signal for airbnb's ipo? to tom. hayes and phil flynn. tom haste hayes and phil flynn. what dud you make of that rotation, albeit a short one yesterday? >> well, liz, i think this is an abundance of demand and a scarcity of supply. both airbnb and doordash only floated about 10% of the company. everyone wants them, they're unique franchises. for me, i would treat this one like snowflake in the case of airbnb. snowflake rocketed off the ipo, and then after a few weeks when it calmed down, you could get it at a more reasonable price. i don't know how reasonable the price was, but in the case of airbnb, its peanut pr

. >> no tech company exemplified covid-19 related demand more than peloton this past year.t quarter, the company's sales group more than 230% from the year before, showing how much demand there is for the company's bikes and treadmills. the company announced a cheaper bike that comes in under $1900. balaton also announced a treadmill -- peloton also announced a cheaper treadmill but that new model does not launch in the u.s. until march. apple made record revenue from several products and services and transformed nearly its entire product lineup. it added new iphone models, a bunch of new ipads, the new-home pond many, and new -- the new homepod mini, and headphones. apple's competitors did not let the iphone maker have all the fun. android launched a new security camera that flies around like a drone, multiple new echo speakers, and electric controlled eyeglasses. tvew speaker, a chromecast dongle. facebook launched a quest vr headset. sony and microsoft announced nexgen councils. these technologies will continue to play critical roles in many of our lives. i'm mark gurman

watch the s&p heat map fill in do want to get to peloton, jim buying precor for 420 million, gives ititional square feet of manufacturing capacity key goes to 185. that's a street high on a deal which they call highly synergistic and we know what a problem product delays have been for people who want a bike. >> i think the big wrap against peloton was wait a second, a big back order, this is what happened with floor that had motor home rv, big back order, maybe we get the vaccine and they're stuck with a lot of inventory. they think this is much more than just a bike, it is a way to be able to connect with people it is a fantastic product. people love it i thought it was interesting this precor sold -- a few years ago to a company in europe, from illinois tool works, and it -- it is a great company, but it just didn't fit, and didn't even sell, like 100 million in change so, david, your m&a world, it is interesting just in a few years something goes from very small to very large and i was thinking of you yesterday, thomas bravo >> yeah. >> tomo bravo. >> toma bravo. >> yeah. >> what i

of course the pelotons, ac activisions are outperforming. we did see mayor de blasio say this morning that new york city should prepare for the possibility of a full shutdown in the city of new york. that may have had some impact on sentiment. guys, back to you. >> all right, bob. thank you very much. like you said with the dow down about 6 points right now. the big news today, the first shots of the covid-19 vaccine from pfizer are being administered around the country. meg tirrell joins us with more on that effort. >> hi, kelly. it's been quite a day. people getting their arms, we've seen it from new york to ohio where i believe this gentleman is to philadelphia and louisiana. it really is health care workers today who are getting these first shots, the folks who have been treating covid-19 patients. they are prioritized along with residents of long-term care facilities who will be getting their shots over the coming weeks. we know that 55 locations today have already received their shipments of the vaccine. 145 locations getting their shi

peloton also announced a cheaper treadmill but that new model does not launch in the u.s. march. apple made record revenue from several products and services and transformed nearly its entire product lineup. it added new iphone models, a bunch of new ipads, the new-home pond many, and the new homepod mini, and headphones. apple's competitors did not let the iphone maker have all the fun. android launched a new security camera that flies around like a drone, multiple new echo speakers, and electric controlled eyeglasses. a new speaker, a chromecast tv dongle. facebook launched a quest vr headset. sony and microsoft announced nexgen councils. these technologies will continue to play critical roles in many of our lives. i'm mark gurman. this is bloomberg. ♪ emily: this is "bloomberg technology." i am emily chang. the mental health industry is receiving a lot of venture attention as companies recognize the remote workforces need support more than ever. one company seeing a spike in demand is modern health, a platform that provides mental health care solutions for employees. th

about a company like qualcomm, you're not talking technology, you're talking about qualcomm in a peloton bike, about in warehouse, about an exponential total addressable market you can't even calculate right now so why play around and hope the economy going to do so much better i think it will but why do that when companies that are in this reopening trade, i'm not talking about airlines and cruise lines, i'm talking about experiencexperiencecompanies lie honeywell that are already -- >> but you sold honeywell, right, on that note. >> i did well, i didn't sell on that note, i sold it anyway because everybody -- everybody owns honeywell. i know everybody owns amazon and microsoft. i look at the valuation. i see honeywell at a 26 pe for next year and sickcyclical earn go up 20% and corvo go from 3.65 to $9 or qualcomm or sky works i'd rathering in the companies that are going to be leading this next generation of this industrial revolution. >> for all this talk about the reopen trade and the sick live ca -- cyclical trade and the optimism people can talking about, bank of america says all

that's why you see beyond meat getting what it's getting, you are seeing peloton's valuation.y his going to come out net year at a monster valuation. the spac thing works because it gives them access to really brands that are not out there in the public sector that are going to be the brand of tomorrow. that's what we're looking for. liz: well, you are the 237th of this year. it's pretty impressive. all that has been happening with spacs, we are watching it. please come back -- >> i think the difference is the value added we bring. that's going to be the x factor, in my opinion. there are too many spacs and the spacs that are going to win are the ones that bring value. liz: excellent point. come back when you make your pick. thank you so much. >> thank you. liz: rohan oza live from florida. with just over a month until the biden administration is sworn in, what will the future of all capitalism, you know, people like rohan launching spacs and the stock market and you know, the freedom to start businesses, we potentially could face new regulations. charles payne hosts a virtual

you know, beyonce ain't buying anybody a peloton. they're going to have to buy it on their own i understand a partnership like that is great but still. these frothy statements remind me and maybe others are thinking about it as well let's bring in jonathan, one of the most closely followed technicians on wall street and chief at bay chest who wonders whether the music just stopped those are his words. jonathan, welcome. >> thanks, guys. good to be here. >> you bring up the spak index rallying from the beginning of november to today's high, the renaissance ipo-etf rally, 32% over the 19 trading sessions, dash ipo aup and the airbnb coul be the biggest pop answersince f the open >> there are some signs of clear froth. we can also look at some of the transactional indicators, like the equity put call locators people are very optimistic, they're buying a lot of calls relative to the put and that's okay along the price ambassador continues to confirm these breakouts. we say using bullish optimism and a sell signal is much for difficult th

zoom is down more than 25% in december and it is off about 40% from its highs peloton continues to postn, up about 30% this mocht. t month. the company announcing a deto buy pre-core investors seem to like that move >>> and it has been a tough go for businesses big and small during the pandemic this year. many have had to pivot quickly to a digital strategy. adapting to lockdown measures and other local, state and national restrictions. one sector that has managed to thrive, wine and spirits online sales of alcohol in the u.s. are expected to grow by more than 80% this year to nearly $5.6 billion. in other countries such as france, germany, china and australia, ecommerce sales for spirits are forecasted to rise about 40%. so let's dig into this john capon, chairman of acker wines, operating since 1820, joining us now a pleasure to have you on. a lot of things consumer couldn't do, attend concerts, go to a movie theater, sporting events, but one thing they could do drink at home how strong was demand? >> for us, we've had our best year ever. we feel very fortunate and very blessed, reven