i know, one peloton costs a lifetime of fitness. i know different clientele show me some respect some of these covid winners are sustainable. rather than going to expensive meetings that can drag on for days you may go back once you are vaccinated how could the payment like square and paypal? >> whoa. this is what i said on twitter, about something you may not want to hear. square is in a crowded business and while they are good at what they do and great at what they do, they gotten no real mote it is as matter of time where i believe the banks or others figure out their pointer sales and duplicate it kind of insane to have not done it already with bitcoin prices exploding, squa square, 10,000 a pop a couple of months ago i know it is a 30,000, well, that's just whoa man, that's fantastic. i mean yes, yes, yes, all right, wait a second. i love how they have small businesses but now they got $103 billion valuation is that sustainable? paypal paypal uses this period to become a worldwide banking and payment transfer place especially y

we hope more pelotons are born and built with our help. >> certainly that partnership with peloton hastable to follow up on that i wonder if you are concerned about a potential slowdown as people get out and about more and return more to gyms will that have a massive impact on your business and are you taking steps to diversify the types of companies you are partnered with >> we are a very diversified company and peloton is one amazing highlight and we're very proud of them and the partnership but we have a partnership with spotify that is many merchants well distributed in every kind of category and help buy everything from baby carriages to t-shirts. we have partnered with 6,500 brands and we are diversifying successfully >> max, i think it's interesting that you have such strong repeat purchases, newly acquired consumers make two transactions within the first 12 months is your focus now that you're public morecreasing th number of transactions or bigger ticket purchases through affirm? >> our goal is to be a viable alternative to credit cards. we think that revolving credit is, fran

activate, baby >> reporter: alex is a peloton icon >> come on, peloton.a straight path it wasn't easy raised by haitian immigrants and a strict father who sent him off to military school to get in line >> i had a real troubled childhood growing up, finding myself in and out of school. it was a tough mental state as a kid. my father is a regimented, strict kind of dude. he thought it was the best way to save my life, so i don't end up in jail, was to send me to military school, have discipline at a young age in life. >> reporter: what was it like, when you told your dad what you just said to me? >> i cried my entire life i really searched for my father's validation i got a phone call from my dad when i got to peloton, and he said, "i'm proud of you. i lived my entire life searching for that validation. >> let's go. let's go date and time. i love it, man. >> for me, that was the day i stopped existing in life and started living in life. >> reporter: incredible. i love it. people watching this, this is what you do. this is a microcosm of what it is like to t

peloton. i like the space i like the fitness, athleisure space and the work from home scenario obviously plays in very well with that i got a huge bump from that day and i was very transparent with you when i bought it and i said to you, i said, look, they have a huge amount of pent-up demand and something you want to see and people want the product and the problem peloton is having are deliveries and my sister said she should have her peloton in december and it's pushed out two months and she's waiting two months and what does that provide for customers to do in the i want rim find an alternative. millennials, genz, we want things at our fingertips, same-day deliveries with amazon, same-day deliveries at walmart and two-hour deliveries at lululemon and we like things now and the problem with peloton is they're not responding to the customers. >> if you want to wait and sit with this name and i just hope they don't lose momentum >> it was december 21st when we had this conversation and you sai

doesn't work out i am not long peloton.p so take my opinion with a grain of salt i can't imagine them ever having as good a quarter as the christmas quarter from 2020 which we will get results from i think it is the high water mark for the company maybe forever stars growth rate? we will have to see what they say as far as earnings. >> if you see millions of these bikes for sale over the summer, like, even if they still have great revenue and earnings, the bears are going to seize on that i think it is going to be a harder year to be in peloton than last year was. >> the dow is bouncing between positive and negative territory all day. it is hugging the flat line. >> make a decision >> well get you set for the final hour of trading and look at one group that is outperforming today. stay tuned for that. and in an emergency, they need a network that puts them first. that connects them to technology, to each other, and to other agencies. that's why at&t built firstnet with and for first responders the emergency response network

. >>> joe biden was exercising on his peloton.next, why some are worried his could be a risk to national security. >>> and we have jimmy. >> hey, everyone. tonight, an all-new show with dakota johnson and a performance from tate mccray. a fantastic show. tonight. >>> happening now, we showed you local landmarks lit up in honor of the 00,000 americans who died from covid-19. here's a look at the most iconic building, the empire state building, lit up in red. red lights flashing to resemble a heartbeat. we're back in a moment. to defend against dark forces attacking your organization, you need to see in the dark. to have the wisdom to understand multiple cyber threats. the precision focus to end attacks instantly. on computers, mobile devices, servers and the cloud. join the world's leading companies in our mission to defend. cybereason. end cyber attacks. from endpoints to everywhere. ♪ ♪ the chevy silverado trail boss. when you have a two-inch lift. when you have goodyear duratrac tires. when you have rancho shocks and an integrat

yes, peloton. what's up, peloton? my name's cody rigsby, your boo. oh, the with significance on!all are hating me right now, but baby, i'm not here to be the nice friend. >> who are we talking to? >> hi, friends, how are we doing? my name -- >> no! >> -- is cody rigsby. >> no! >> oh, my god! >> cody, i got my wig. i got my wig ready. you're my boo. i am on this! >> oh, my god! i'm getting my life together as we speak! >> we are legit fans. >> amazing. then we can get into it. we're going to do a four-movement imam. i love imams. i incorporate them into my bike classes all the time. break, hinge, squeeze! you're just going to lunge forward on the left and then forward on the right. if we're on the road, if we're traveling, if we're in a hotel, we just want to be able to use our bodies to get our heart rate up. >> cody, i never know, how far down do we go? >> don't let your knee touch, or just a little smooch to the floor, not a make-out, just a little cute smooch. what we're going to do is go down to the floor for our second movement, which is a plank. hold that for 30 seconds. do

whenw: we bought peloton everyone bought wayfair.ould've bought nautilus with a higher return. benefited from the stay-at-home and the urbanization movement. rh is summer lockdown, the leader of outdoor furniture. i looked around my house, what can i buy? sonos. netflix, people are watching more netflix. there were great offerings that came out. you paid attention and looked around, there was more than the obvious zoom, peloton stay-at-home stories. emily: ok, so amazon. will you be continuing to ride that wave this year? they had a fairly high-profile failure closing down their venture with jp morgan and berkshire hathaway. the company still has so much runway to go. that is no doubt. the only thing that can hurt them is them or the government, actually. so why not? there is a long way to go and maybe someday they will split the stock and we will get an extra 10% that day. maybe. amazon is one that i am comfortable with. so let's talk about where you will be placing your bets for this year and what kind of a year you think it will b

dan, what are your thoughts on peloton? >> yeah, i think that it's a great example of where we all have to the product. we love the service. for us, it's a good value. i think the precore acquisition is important because there is a lot of people in america who maybe don't want to buy that expensive hardware or don't want their hardware at all or want the streaming service. the issue is valuation not the issue for the valuation now because people don't care about valuation but the report next week and you may see this come your way a little bit and maybe buy it for the earnings. the one quarter where one of the names misses and disappointments, the whole game is up for a lot of these things for sometime to come and you don't want to be the last one trying to play for that last big quarter before people care about valuation. >> all right next up we have a viewer question on the financials. >> hey, mel, how are you doing love the show. got a quick one for our guy, guy. what do you think of citi these days and when will you wak

here to break down the headlines a peloton is expecting robust post-pandemic growth for what they call the world's first global fitness platform and like the pre-core acquisition shaking off yesterday's weakness still up fivefollow. give it a 160 price target and it's at 147 today. >> yeah, and kelly, this is all about introducing this new way of working out, digital acceleration that is -- that has led to the rise of these connected fitness apps kelly, i just even tried the yoga part of the peloton, and i was pretty pleased with it so there's a lot to discover and one of the most interesting stats from its rise is how often people are use the app because it sort of breaks it up into bite-sized pieces so it's not surprising that the brokerage says that there's room to run. i'm a little bit more interested in one that is adding, a buy rating to room this is the digital used car dealership that uses ai to improve its efficiency, just an acquisition to further go down that road, so this is all about the themes that we've been talking about about, kelly, for the last year indeed which is t

his life coach, superstar peloton instructor alex toussaint.ng how we want ♪ oroweat bread. f ture... ♪ shining how we want ♪ from one generation to the next and from seed to slice. now california phones offers free devices from one generation to the next and accessories for your mobile phone. like this device to increase volume on your cell phone. - ( phone ringing ) - get details on this state program call or visit >>> we are back with "starts today. the man carson has been telling us about all week long >> that's right. peloton instructor and my de facto life coach, i'm excited to share his inspiring personal story tomorrow in our interview. first, in a few hours we're going to do a ride and crank with you it's good to see you this morning. for people who don't know peloton or you, this was more than just about losing weight. especially during the pandemic and especially for me. this is about benefits of exercise both physically and mentally>> obviously wake up evy and move your body and mind. move your spirit and soul and help somebody else

his peloton bike behind.ech exercise machine has a camera and microphone along with access to the internet which could pose a security risk within the white house. peloton says the microphone on all peloton devices is off by default and is only active with explicit user action. brian, the smart devices including exercise equipment, it brings -- we've already raised the privacy concerns but what about joe biden missing out on his peloton? brian: well, i have to say i'm confused because i thought he was the push-up guy. isn't he the push-up guy. why do you need a peloton for when that's your exercise. if you're a president of the united states, if you're the commander in chief, you don't need internet access service. just get a marine drill instructor in there at 6:00 a.m. and you'll get whipped into shape really quick. do it old school, in-person kind of thick. dagen: you could do it old school, dismantle any kind of connectivity with the peloton and just send the president some, like, a disk, like -- you know

remember last christmas, peloton was canceled because the -- >> greg: i trashed the ad!a couple months later and everybody's working out later and they want a peloton and my third winner is space. he got ufos, spacex, now acknowledging that it's a real thing. on top of the weird year, some folks have to worry about aliens. >> greg: dogs come in litters, but they are so far from trash. we'll be right back. no, i'm kidding. i just wanted to make tyrus vomit. anyway, so, okay, winner? >> i did the same way with like lead the most successful 2020. >> greg: this is fox business! you're doing winners and losers, this is fbn! >> between jeff bezos, em dopamine are going to have a bad year but drugs are going to have a good year. >> greg: that's true, drug dealers where living high. you know, tyrus? you got to criminalize it -- >> you're on fire! >> greg: wordplay! tyrus, winners? >> west lawyers. psychiatrists and therapists made a killing this year. you know, i'm not sure, i have a dog to in the jury is out with her that dogs really won because the dog had to hear and see a lo

and peloton pro, ali love will be with us.he's got this sundays with love, it is like going to church. she brings it today, right to "gma." >> i was hanging out with my friend robin and when i say friend, she doesn't know me at all, but another peloton coach, are you friends in your head with robin as well? >> yes. >> who is currently with child? >> i mean, i have spoken in person to robin who, yeah -- >> excuse me. >> we're connected. but i went to breakfast with ali love. >> what? >> you know, it is more than in my head. >> ginger just said sorry, not sorry, reggie. >> okay, well, the next time this happens, especially if it happens to be jess king, please invite your friend reggie aqui along. >> that's my goal. believe me. my goal is to do a peloton ponytail flip around with jess king, done. life, good. >> to live the life of ginger zee. >> right? >> ginger, we'll see you at 7:00 with all of your advanced non-small cell lung cancer can change everything. but your first treatment could be a chemo-free combination of two immu

i hear the peloton is fun but also in this case. >> yeah, he wanted to bring his peloton but he was afraid. no one had a problem with that but they stopped him from using peloton. you are on that radio show from nine to noon on fox news radio. do you encourage people to listen to it? >> absolutely encouraged him to do that for sure. and honestly, being on the show right now may be a highlight. thank you so much. >> brian: that's it for prime time tonight. i'm brian. see you again tomorrow. here's tucker. ♪ ♪ ♪ ♪ >> tucker: good evening and welcome to "tucker carlson tonight." our capital city washington is under military occupation tonight. via of inauguration day, there are expected to be over 26,000 armed federal troops in washington. no living american has seen a moment like we are watching now. 26,000 soldiers. that's more than five times the number of american military personnel currently stationed in iraq and afghanistan combined. that is more than twice the number of troops that president lyndon johnson ordered to washington in 1968. in april of 1968, washington, d.c., washington, d

get him a customized peloton. >> a peloton customer could be in a spin class with him and not know iter ) >> you know what i mean. >> o'donnell: i would like to correct myself as quickly as possible, because our brilliant producer julie morris reminded us joe biden is 78, not 77. his birthday was, of course, in november no, so the 78-year-old. >> he's still the oldest and he's also the youngest senator. so he's 30 to 78. >> and he works out every day. but i know what you're saying. we said earlier on "cbs this morning," which used to be your favorite morning show -- >> it still is. good. i figure you're not up watching, that's why i said that. >> sometimes i sleep late. i started this show by saying i couldn't even sleep last night. and you go, i'm very well rested, i slept just fine. ( laughter ) but it seems to be a full circle moment, the youngest at 30 and now he's 78. >> it's interesting for america at this time because we learned how it was to have our first baby boomer president. now we've had three. joe biden is a baby boomer from another era and the next one will be a gen xer

still ahead, talk about an election cycle president biden could be stopped from bringing his pelotonwhite house. the reason why and what peexrts have to say about it when closing bell comes right back get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. >>> president biden moving into the white house today, but there have been some questions about his peloton and whether it should accompany him for the big move the potential problem. it's an intercept connected device with a microphone and camera that could be hacked. priced can likely keep his peloton but the secret service and the national security agency will likely modify the bike's technology i think the cyber security risk, guys, is obviously very valid, but the stupider controversy was over whether it was seen as a status symbol or something i think "the new york times" didn't really go with his joe from scranton image which is absolutely ridiculous considering that our last president came from golden elevators. >> and what standards are we going

. >> reporter: customer concentration is a key risk here peloton alone makes up about 28% of sales guysooney, thank you very much >>> we'll talk to an early investor in this company next hour, mike but the extreme, first day moves following door dash and airbnb this is what affirm was hoping to avoid, right, by delaying their ipo and leaving that money on the table >> right i mean, of course they raised the offering price well, well above the previously stated range so it is not as if they were sort of blind to the fact that there would be a stampede in demand here >> hey mike, sorry to cut you off but we do want to go to the house and elan mui because the vote has begun and the debate has wrapped up over impeachment. tell us who and what to watch for as far as numbers on the screen >> we are now hearing from yet another house republican peter meyer who is saying he will support the impeachment of president trump over incitement of insurrection. in a statement he said the president betrayed his oath of office and does bear responsibility in inflaming the mob that ended up swarming, atta

it is something peloton has offed for years. it has been a key customer of affirms. say a lot about the way people are spending money as they pursue big-ticket items this year. >> leslie thank you. mike santoli quickly on this one in terms of what we can expect in the first day or so of trade. if recent ipos in this broad space is anything to go by it should be a hot one. >> you would think so. it has so many things on the checklist. it has the young customer base anything about digital payments is in the forefront of what's going on in terms of this market rally for a while now. linking up not just with peloton but other e-commerce brands, it is in the right place. this market is in a generous mood when it comes to these long term growth stories even though ultimately it is a consumer credit provider and you can look at the traditional ones that trade at rock bottom valuations this market makes a massive distwings whether it is digital first or not. >> moderna closing higher by 6%. meg tirrell caught up with the company's chairman this afternoon. what are the highli

three stocks in the last three month alone three month alone, peloton is up 11%, chewy is up 53% and fiverre and 95% respectively for those three names. that's what you've got going on, though whether it's wall street analysts or the halftime report it seems to be a look through the portfolio right now at areas that have had big gains and wondering if the best has been gotten and it's time to look elsewhere. >> well, and in the case of chewy, judge, you've got wolf. petco came out last week with its ipo. granted, it was only up 60-some odd percent versus posh mark at 140, but there are some reasons to pull some of those gains and say, you know what i'm going to take a level and i'll do the same thing, scott with digital assets like bitcoin. i tell people, you don't have to chase them here. you can set a number in your head and wait until it gets down to that level and start scaling in i think all three of those names you talked about are great companies, but i think you'll get a chance to get into that chewy or peloton, and you've had dips before in 2020, late 2020 and even into this

about 28% of its revenue stems from just one customer, peloton, so customer concentration a key risk,tch as this company is now a public company. >>> so there are three of these -- clarna, afterpay, and now affirm it would be incorrect to look at this i and say, well, they have competition. they should have competition the market is huge, but you know whose about is they're coming for? if i was a credit card ceo -- >> bingo. >> -- that's who they're coming for. and shoppay is in the middle of it, too. they're a clear and present danger to credit cards, who up until now have had a monopoly on they e-commerce pages. >> they offer about half of their transaction volume was based on zero percent apr. they partner with certain merchants, and then they have fees based on those transactions the other happened has a interest-like model, but if you have zero% apr, how do you compete with that if you're a credit card? >> you have a venture capitalist and wall street-funded business model, where nobody is expecting profits. when you get a valuation like this, you can bring that fight to these la

>> roger used in, a peloton you could tell the world that we have arrived. >> or putin putin. >> johnny might sound corny but the views really out of this world. >> for the second time, three americans orbited the moon. electronic centers of miss, fentanyl mad man spaceflight network measured precisely the orbital path. information vital to the success of the man landing. on the first orbit, the crew turned the tv camera on the scarred lunar landscape. >> see the -- that's the first real thing i'm positive of i see a recognize it it really stands out. >> stanford, the young certain in, a quarter of 1 million miles from earth. 60 miles above our desolate satellite. >> this is really a rugged planet. >> but also look at some of the mountains that we can clean out here. that's gonna be serial kick -- >> we copy that. >> houston apollo, we have a beautiful view of the earth here that is absolutely fantastic. now it's time for lunar module -- to call into the lunar module to check it out for the next days dissent. his evaluation? >> i personally am very happy with the fella, hope we can give

check out shares of peloton, downgrading to a sell. where it is right now. guy, that's going to be the argument valuation here >> no. i admire the call that i think henry blodgett we're all familiar with him. he made a comment like he wished he made some of those calls. i better to do it ahead of earnings than behind it. valuation is stress. we talked about it for a while we also talk about the fact that it's not just a bicycle. there's so many verticals they can get themselves into. 124, up from 115 i like the call. if it gets to 124, i think you buy it with both hands again >> this would be the prime example, i would think, karen. do you >> yeah. i think so they couldn't have asked for a better setup you know, there was an article, i think, this weekend about some growing pains and the delivery problems they've been having and so that's what happens when you grow this fast good for them for downgrading it down $7. i think it hung in there really well, considering. this stock is extraordinarily high value, in my opinion. i can't get i

that is the whole point of peloton.at could be a security threat for a president biden. so we'll see what they decide to do but the secret service right now reportedly saying yeah, no peloton for you mr. soon to be president. stuart: i did not know that he worked out on a poll la ton bike, i didn't know that. lauren: me neither. stuart: i guess it is in the basement and will stay there? lauren: it could be -- might retrofit it in some way but reportedly the bidens have appeal a peloton. stuart: we'll all straight on that one, lauren. thank you very much indeed. my time is almost up. i want to thank lauren and susan for joining me on this martin luther king, jr. day. it's a special day. the markets are closed but there is a lot going on as we approach the inauguration, main point being, d.c. looks like a fortress. the market opens up again tomorrow morning. maybe stocks go up. futures pointing higher. neil: neil, it's yours. neil: all right, stuart, just writing a to-do list. can sell my peloton bike what else? that's it

captioning sponsored by cbs >> an important question for the white house: what will happen to joe biden's peloton? >> the exercise system poses a cyber security risk. the cameras and microphones on the bike could be hacked. >> (russian accent) hello, electricity bicycle rider. i'm your instructor u.s.a. mike. let's get to exercise. ♪ ♪ oh, i love this song. it remind me of my hometown, wisconsin, ohio. now, let's set the resistance level to first digit of nuclear code, then second digit of nuclear code, and so on. for working bicep, grab something heavy, like maybe the intelligence report you were given today. lift up and to the camera. up and to the camera. up and to the camera.

to lots of installments for that peloton, the underlying companies make more money, because they makesmaller transactions than instead of one big one >> so that micropayment type of sim that benefits thinks companies? >> exactly for the card networks in particular, and then paypal has launched a version of what this installment lending, what is very popular with affirm, clarna, very popular with the millennial new coming into the space, they like they offerings, but you can't escape visa and mastercard they are the rails behind that so they're still sitting in the background give you the halftime final trade, 20 seconds dxe technology who? >> yeah, totally other end of the spectrum, i wouldsay that's more in the value play orientation, i.t. services company, big turnaround situation, new ceo doing a fantastic job there. you know, turning around a company that was in dire straits. they're very heavily tide to the data outsourcing services that are in a decline, but he's done a nice job shifting the services toward a digit at services we like that one a lot that's a value play. >> got i

>>peloton wants to get into the resell business certified bmw or i want to get into sort of i but they can't do it because they're selling for so m would have to put it so you don't need to be atala controversial first of all you don't need a peloton robbie. >>any really good bikel doing there's a ton of advice out they don't just been thousands of dollars. and i by the way just on craigslist got a $40 weight bench, so there you go adding to my home gym. >>i i admire your fitness and you really really you know you don't have to spend a lot just be dedicated. >>i 12 ounce curls later date with of milk to cost ok rob we'll see later if you'd like to contact rob, you can e-mail him or region by face by facebook or tweet him to we'll be right back. advanced non-small cell lung cancer can change everything. but your first treatment could be a chemo-free combination of two immunotherapies that works differently. it could mean a chance to live longer. opdivo plus yervoy is for adults newly diagnosed with non-small cell lung cancer that has spread and that tests positive for pd-l1 and does not

peloton finding muscle in the boulder tug-of-war over the stock and the exercise equipment maker reboundingfter dropping 5% and it scratch back about 3.9% the plunge was fueled by morgan stanley but oppenheimer spinning its way into the argument with a 45-dollar price target hike to $185, stocks at 156 and change the firm predicting more subscriber gains, james continued to sweat out the pandemic and a fun fact president biden appellate tone owner but his peloton bike has not gotten clearance to enter the white house due to cyber security concerns because it's on demand and video features which require activity raised fears of the cyber intrusions. but it's take a quick look at the motorcade once again crossing the bridge heading back inside the beltway to d.c. proper were awaiting president biden's arrival at 15 street where he is expected to jump out of the car and walk with his family to the white house we will keep these pictures up but bring in edward lawrence. >> he is going to get out on 15th street near the treasury department an area very well that cover treasury for the past three

peloton is another one, if you can get it under $90, we're not planning to sell. for an entry, could trade up to 185, in my opinion. both of those names are two i really like right now. charles: it's interesting because of those so-called stay at home stocks, peloton has shown the most resolve. and that act by decision, i think, was -- acquisition was brilliant. i got a tread mill -- i know it may not look like i use it -- [laughter] i've had it for ten years, and it's sturdy stuff. goldman sachs is saying, easy, within days we could have a $600 stimulus and if then trillions of dollars throughout the year. how do our viewers participate? the how do we make money on that, david? >> yeah. the blue wave is here, so let's make some money from it. stimulus, like you said, is all but guaranteed. you've got to look at financials, you've got the look at insurers. i like the regional names, truist bank, you can use the etf which is kre to get broad exposure. you've got to have clean energy. i think with the new administration you've got the look at a name like run, i like

we just spoke to max levchin about affirm and peloton generating 30% of its revenue and peloton shares up more than 7% today, carl >> remarkable price action and overall and some individual names, guys. even as the overall markets are very much on an inside day narrow range and the dow has hovered somewhere in the neighborhood of 100 points let's get to the judge. >> carl, thanks. welcome to "the halftime report." i'm scott wapner the big shake-up in intel and the fallout for that company, its competitors and of course, your money we debate and discuss it with your investment committee and john teranova, and sarat, and let's go to the wall the dow is not doing that much and down by more than four and the nasdaq the big winner and down more than one-half of 1%. following news its ceo bob swan is leaving you see the stock is up by better than 7% pete najarian, i'm going to you because you're my guy on intel the market obviously likes this news i'm somewhat surprised to hear in your notes today that you're considering trimming the stock, not buying it today. >> and i have. and i have, sco

. >> by the secret service won't let biden use his peloton bike.y a risk to national security? >> announcer: and the death of baseball legend hank aaron just two weeks after getting the covid-19 vaccine and no vaccines for you. >> a couple doses of vaccine in this freezer but once they are gone, there is no telling how

investors flocking into technology and so-called work from home stocks like peloton and zoom. in focus today a report on construction spending numbers. t-mobile suffered a security breech last month that may have exposed some customers' call records. the company says the information did not include, though, things like your name, your physical or email address, credit card or social security numbers, pass words or p.i.n.s, they have notified half of a percent of its customers or about 200,000 people who may have been impacted. there is a new entry into the crowded tv streaming market. discovery plus launching today on a number of platforms like amazon and roku. it will focus primarily on unscripted shows and include more than 50,000 episodes from discovery channels including hd it tv, the food network and animal planet. it will cost $4.99 a month with ads or $ .99 a month without. with your cnbc business report, i'm brian sullivan. >>> thanks, brian. 4:43 right now. recall support. next on "today in the bay," the california politician now backing efforts to recall governor new

. >> ubs issuing a word of warnin about chewy, pfeiffer and peloton to sell.he three stocks are emblematic of growth over valuation. should be wary chewy, peloton and pfeiffer are all lower today, but all three up triple digits since this time last year. quite significant moves there, of course. i guess the timing, mike, of this is one to watch and what exactly the trigger was to lead ubs to move to sell. because there could have been any number of moments over the last three or four months, and they have continued to rally, i guess, in face of plenty of evidence that they could be overbought. >> never they have continued to roll, some off their highs but i think the aggregate market caps of chewy and peloton, both near 45 billion, it is tough to make the valuation math work this your favor if you are starting at that buy point obviously they are both going to continue growing, both in good spots in the market. everyone agrees about that it is not about whether or not demand goes away it is much more about what's already priced in also the larger stocks now lo

. >> you love of peloton, a motivational speaker will help us boss up in the new year whether you likesunosi worked for up to nine hours at 12 weeks in a clinical study. sunosi does not treat the cause of osa or take the place of your cpap. continue to use any treatments or devices as prescribed by your doctor. don't take sunosi if you've taken an maoi in the last 14 days. sunosi may increase blood pressure and heart rate, which can increase your risk of heart attack, stroke, heart failure, or death. tell your doctor if you have a heart condition or high blood pressure. sunosi can cause symptoms such as anxiety, problems sleeping, irritability, and agitation. other common side effects include headache, nausea, and decreased appetite. tell your doctor if you develop any of these, as your dose may need to be adjusted or stopped. amazing things happen during the day. sunosi can help you stay awake for whatever amazes you. visit sunosi.com and talk to your doctor about sunosi today. thanks for the big mac. yeah, thanks for driving! ♪ ♪ wait, what are we listening to? get it at mcdonald's w

peloton, i thought their acquisition, i'm not sure how good it was. carl, i thought that resonated, because these kinds of stocks that had just gone up because we think that the pandemic is never going to end, if we're getting more vaccines, and the biden administration is able to deliver on its 100 million, then you can't really own those stocks they're just too high, david i do believe that while chewy is great and makes the process fun, i don't know so does amazon they don't make the process fun, but they have great prices >> great prices? >> yeah. >> amazon? >> yeah. >> sometimes >> where do you get your dog food >> i don't know where we get it. we have to get special we have a special dog. >> how much is a carton of mill snk. >> i know that we've already gone through this. it depends where you get it and if it doesn't have the hormones or not it can be 4 .50 or $5. or it can be different if you want all the antibiotics or hormones in there. >> amazon is screaming buy because i think many people are sampling it and staying with it. many people ask

how about downgrades, peloton and julie got downgrades. down sharply, peloton. 5%. cutting both of these stocks giving peloton 124 price target betting it goes down 20% from here. chewie a 75-dollar price target, 30% drop. they say stocks are emblematic of a market value growth over any semblance of valuation. just for perspective, peloton up 400% in the last year and she week of more than 270%, stuart. stuart: got it. let's bring in susan because you are looking at mcdonald's, first of all draft king, was the news? susan: pretty where we get a bearish call on draft king sensed the stocks has quadrupled over the last year but initiated as a cell with $41. 23% down from the current levels and it's because it's basically overbought at this point and that's true given the rally we have seen and also mcdonald's calling it or goldman: don't a buy with about $237. talking about the menu innovation, reopening, investment and technology and that's why they are posted on the golden arches for this year. stuart: we have a vaccine update, pfizer and moderna planning to sta

50% from its high earlier this year, earlier this this year where it touched almost 600 names like peloton, zoom, so many of those companies just had an extraordinary year in 2020 for extraordinary reasons, but i do think the only thing new in the world is the history woo don't know to carl icahn's point, if you go back to 2000 and look at amazon in 1998, am zwlon was at $5. a year later it was at 131 by 2001, it was back to $5 it did a full round trip in about two and a half years now, two decades later we can all say that was a wonderful buying opportunity but in this market we tend to think in days, not decades. so i think there are clearly areas that could have that kind of selloff again but ultimately as investors, we get paid to asset allocate and find areas we don't think are overvalued or be settled in and ride that out i you definitely think we could have a different year in 2021 than we had in 2020 in terms of what the big winners are those companies, even a tesla, need to breathe. >> pete, are we about to have a big reset? is the market ripe for a pullback, as mike wilson says,

was going to say my way my wife because she got me to eat better and behave better but i will say pelotont yr and the worst influence is the chinese food restaurant around the corner because it wasn't for them i wouldn't be eating place of ribs every day. all rights. "one more thing" is up next. excuses. we're all guilty of making them. those are advanced poses. that's why at cvs, we're making not making excuses a little easier, with the vitamins and supplements you may need. now get a $10 gift card when you spend $30. cvs. healthier made easier. [narrator] this is steve. now get a $10 gift card when you spend $30. he used to have gum problems. now, he uses therabreath healthy gums oral rinse with clinically-proven ingredients and his gum problems have vanished. (crowd applauding) therabreath, it's a better mouthwash. at walmart, target and other fine stores. alexa, ask buick to start my encore gx. ♪ four filets. ♪ you know this dinner's for their... kids. thanks for watching them. where's the pizza? the buick encore gx. current eligible non-gm owners get nearly 43 hundred purchase allowa

their shorts do we want to go in -- for instance, goldman sachs has the most held stocks, names like peloton, etc are those the names you want to start looking at >> at a certain point, i don't think necessarily tomorrow's the day. listen again, i understand the game stop i'm hard pressed to believe that a company, even after this move, $25 billion market cap is creating the tur noil all the markets across the board what was fascinating to me today ancillary to this, amc moved to the up side but what does that have to do with amcx that was up this morning why? maybe people confused d the symbols. when you see a volatility index -- and i will say, today is rather benign someday in terms of market movement, but i don't think we've seen it go from 31 to 37. look at the last hour or so of the day. it takes a while to may itself out. to answer your orange qiginal question, i don't think it's time to pull the trigger >> mark oar, great to have you with us on a day like today. what did you make of this action and is the activity and the highly shorted names and astronomical runs they've had, does t

was going to say my way my wife because she got me to eat better and behave better but i will say pelotonnd the worst influence is the chinese food restaurant around the corner because it wasn't for them i wouldn't be eating place of ribs every day. all rights. "one more thing" is up next. . . ♪ four filets. ♪ you know this dinner's for their... kids. thanks for watching them. where's the pizza? the buick encore gx. current eligible non-gm owners get nearly 43 hundred purchase allowance on 20-20 buick encore gx models. ♪ 's before it's time for one more thing. greg, go first. >> greg: tomorrow night, greg gutfeld so, brand-new. at brian kilmeade, kennedy, tyrus. kennedy is in for cat. great show. after that, i took that this was my last show but that's actually because i'm going to be away all week. i had a death in the family, my wife's father suddenly passed so i will be out at least all of next week. and that's it. >> very sorry to hear that in my best to your family. my show 8:00 saturday night, right before and we will be talking about and i'm not going to say anything else about one

remember it may not be the case so much with a microsoft but the next year down looking at peloton and zoom, which had been bid up relatively decently, there's a sense that those stocks are not getting the attention because retail traders are focused on what seems like easy money at the moment. tom: i have trouble aggregating all these, it's just a short trade in a derivative build up to me, but i could be wrong. romaine bostick, here with us many times this morning to discuss gamestop. let's promote the close. 2 p.m. to 5 p.m.. for all of you on radio, i want to point out that i took the cfa so long ago, i used a 1947 slide rule to get through it. just barely got through it. right now someone who knows a slight rule, -- slide rule, he's been courageous since december of 2018. you have got to be in the market and then has been right, right, right. i'm not going to waste your time with gamestop. microsoft, can they persist with revenue excellence after the pandemic? >> i think so. i think the significance of microsoft and netflix for what they are worth, we forgot about them for a coupl

. >> it is like the peloton for lazy people. i love it. should be an instructor on the love sac just put a pad in front of me. >> we should do a show like that. >> i can teach you how to lounge on a love sac, for sure. >>> more othn e markets coming up on "power lunch." i really need to start adding "less to cart" and "more to savings." sitting on this couch so long made me want to make some changes... starting with this couch. yeah, i need a house with a different view. and this is the bank that will help you do it all. because at u.s. bank, our people are dedicated to turning your new inspiration into your next pursuit. to turning your new inspiration ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. - we did it!c) (crowd cheering) - [narrator] wherever you start, snhu is where you can finish. (crowd clapping) (crowd cheering) - here we go. - [narrator] and it's

captioning sponsored by cbs >> an important question for the white house: what will happen to joe biden's peloton? >> the exercise system poses a cyber security risk. the cameras and microphones on the bike could be hacked. >> (russian accent) hello, electricity bicycle rider. i'm your instructor u.s.a. mike. let's get to exercise. ♪ ♪ oh, i love this song. it remind me of my hometown, wisconsin, ohio. now, let's set the resistance level to first digit of nuclear code, then second digit of nuclear code, and so on. for working bicep, grab something heavy, like maybe the intelligence report you were given today. lift up and to the camera. up and to the camera. up and to the camera. now, let's go on the scenic ride on a beautiful beach. hello, i'm the confidentiality crab. you can tell me all your government secrets. >> announcer: it's "a late show with stephen colbert. tonight -- ready, set, joe! plus, stephen welcomes priyanka chopra jonas, derek delgaudio and frank oz. featuring jon batiste and stay homin'. and now, live on tape from the ed sullivan theater office building in new york city, it's

people were worried about how much money they were burning the ease views of a peloton, a bike, makescovid is over. the digital lifestyle seems to be a better lifestyle for us to stick with. >> curious what you think these first days of trading with these companies. affirm, a priced at $49 a share after the close, and then it spiked, it doubled in the first day of trading we heard this debate for quite some time about getting the price proo right, money being left on the table by some of these companies, the experimental formats being adopted. how do you see it? >> yeah, we went through with slack and saw what happened with spotify earlier. the spacs are becoming much more popular these days having said that, for a company to go public, price discovery at the time of ipo is one point of the journey. at the end of the day we want to in general companies want to make investors money at the same time grow for the long haul and build a reputation for someone who can overdeliver. so most of us, at least for me, i tend to less optimize less about what we agetting on the do ipo more than the

carnival and norwegian okay and then you look at the nasdaq, the worst perform they are is peloton so the high flyers are getting sold off the stay-at-home plays are getting sold off, reopening plays are getting sold off any pattern emerging to you so far in the session >> not really. seemed like recent winners were getting sold harder. in a new tax year which could be one reason for that. the flight to quality into tesla, there's nothing else that really does stand out except for a little bit of skimming off the top. banks are weak, too, with the yield compression, so tough to really pluck out a narrative theme. >> yeah. all right. mike, we'll see you in a minute. thank you, sir, mike santoli there. are we starting to see real cracks in the real and what a real it's been let's talk about that, what could be some of the causes, katarina sim nettie joins me now, senior vice president at morgan stanley private wealth manager and doug ramsey is with the huthol group welcome to you both. let me start with you. for some context, we're coming off a two-year stretch in which the nasdaq is up

. >> she must have a peloton bike. >> mr.ld gain weight during a starvation protest. well, i'm happy for her. that was fun. that was absolutely fun. all right. double ipa. all right. let's take a look at our roof camera. that's 43 degrows this morning. it is significantly cooler than yesterday which was significantly cooler than the day before. clouds on the increase today. today is our last dry and mild afternoon. next storm arrives tonight bringing us chilly then it will saturday. the only dry day moving forward. rain and snow showers starting sunday. and then heavier rain wednesday and thursday. so let's talk about temperatures today. upper 50s along the coast into richmond. 60, 62 just about everywhere. but the east bay a little more sunshine. tonight we're milder thanks to that rain. all of us in the 40s. but notice the green light in the yellow moderate coming at us during the overnight hours. by 5:00, most of us are venturing out on slippery streets. if not, they will get wet during the morning commute. this first roun

worse, he has a peloton exercise bike. piece, i think, was translated from the original french written by the cast of "les mis." this is why we can't have nice things. "the new york times" doesn't want us to have them. when is the press corps going to settle into knowing how to cover joe biden as opposed to the 30,000 lies and the wreckage of norms that we've just witnessed for four years? >> brian, i appreciate you giving me the ability to speak for the entire press corps. but i won't quite do that. i'll speak for myself and perhaps my colleagues at the a.p. certainly it's going to be an adjustment, right? i mean, you just said it. we just covered four years of a president who had, shall we say a shaky relationship with the truth. the lies came day after day after day to the chagrin of the white house staff often and, certainly, it made our job challenging. we spent a lot of time fact checking this president, calling him out. those words were used in our stories. when the president lied, we said so. now, obviously we're n

the trades we saw last year in chew which, peloton, those were absolutely amazing trades.f you stayed out of them simply due to the fundamentals you really missed out. for me personally i think they're investable and tradeable. we'll see five or 10 years down the line where they end up going. charles: mike, you talked about staying with growth, but that is wide net as well. that debate went on and on. at the end of the day we saw where obviously those names that did extraordinarily well. within that growth umbrella are there special places that you're looking at? i can tell you right now esg will be phenomenal, growth or no growth only because i think trillions of dollars will bid those stocks higher. but i agree, i love anything associated with data. even today we see names higher on semiconductor side, cloud name side s that exactly where you're looking? >> you know, charles, yes, even to simplify that i want to look right at the top of the list. i want to look at apple. i want to look at amazon. i want to look at microsoft. i want to look at google. these are names as i