vicky nguyen reports >> what's up, peloton?n the road for peloton bike plus and tread users, especially in public spaces like jim gyms and hotels engineers at cybersecurity firm mcafee say they hacked into the software of the internet connected bike plus using a usb drive loaded with malware. >> there is actually an interactive map that tells you where every peloton bike is located. for a cyber criminal, they could use that to locate a bike, quickly and easily install this malicious software, and then go home and access it over the internet. >> reporter: once in, mcafee says they were able to install popular but fake apps, which could fool users into entering their user names and passwords. they said they could even control the camera could you spy on riders >> not only could you spy on riders, but maybe more importantly, their surroundings. >> reporter: in a statement peloton says its tread was affected but last week it addressed the issue with a mandatory software update. so far the company says it has not received complaints

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. >>> why pentagon is back -- peloton is back in the race. mike coe and tony zang associated energy names have not quite followed suit. the chart master is drilling down on what that means. carter >> obviously a great move in the commodity, all commodities, and yet copper has given back a lot. the grains are higher but energy shares are not progressing i think there is a message there and the message is energy is not a great place to be. it doesn't mean they have to crash or come by in another way, but there is a consensus on the street so just look at the one-month perfor performance. you see it here on your screen, oil versus xle what we know, of course, those numbers tell a story the commodity is up 11%, 12%, and the energy shares, xle, dominated by exxon and chevron but many others, only 5.6. look at the performance. up 20. stocks are only up 10.4. what about if we started the story the day before the peak of covid. look at the next slide this is looking at the peak in xle before covid you're looking at oil at $47 a barrel the energy sect

>> peloton higher.eversal - [narrator] the following program is a paid advertisement for nuwave oxypure smart air purifier, sponsored by nuwave llc. featuring deborah norville. an award winning journalist and new york times best-selling author. deborah is here today to share her passion for the nuwave oxypure. - we've been living through strange and unsettling times. never in history has everyone on the planet been confronted by the same thing. and we're still trying to get back to a sense of normalcy. we've discovered how devastating a virus can be and the importance of proper cleaning.

president, and of course peloton doing well today.fascinating what the pricing is for those corporate deals, but at the moment anything that continues momentum of top-line revenue, by the way, is seen as a good thing. >> and thinking about the larger market and whole new tine for reserve and market size, which annualests are excited about the stock is down about 22%. it's obviously been a huge winner over the last year or two, since the pandemic, but there are constantly questions about what growth is going to look like when people are going back to the gyms and socializing again. >> and you know a lot about treads, it seems. >> i researched it. >> potentially in the markets? >> no, and i think they're so expensive. it's enough that i get on the bike but i think there's serious questions about the recall >> i think it was a big surprise, and a big black eye, but they have bounced back. >> peloton is a two-time cnbc disruptor 50 and he's among the speakers at this year's summit >>> still ahead on "closing bell", the best ways to hedge

some people said peloton for the other 99%.ctive is his fitness for anybody who wants to absolutely get results -- it is fitness for anybody who wants to absolutely get results because we bring fitness and nutrition together. that is why it is so effective because people really get results. amber: let's talk about the user generated aspect of that because you have this beachbody program and as i was reading on it, it gives anybody the opportunity to build their own following and you guys would benefit from that, like a tiktok influencer, but for beachbody. on the other hand, they have to pay upfront to be part of this program, so it does have a multilevel marketing aspect to it. is that the right way to think about it, as an important growth channel for you? talking about how that recruiting network works for you guys. carl: i think the hangnail's of multilevel marketing are different than the way we do it. these people did not have to take any inventory. we handle the transactions for them. what they are doing is they have exp

trulio up and peloton up 45% to karen's point, it's kind of genius, peloton, moving into the corporateat's probably one thing that could save them because no one wants to be in your apartment, in your house, they want to get out, they want to be back in the gym, they want to get back involved outside of their house. now if they're back at work, now you can sort of monopolize or at least leverage that. i'm going to say peloton, definitely unusual. >> peloton, creator's choice. >> i like splunk it's been a massive pull back. we know what was going on with high multiple softwares. i like this. technically i like the base that it put in. all of those stocks really with the exception of crowd strike which kind of was doing nothing after a big bounce towards the end of last year is starting to break out again. high multiple, highgrowth stocks that i think in many cases have gone through a very painful process of also weeding out a shareholder base and i think a lot of these companies, you know, let's put it this way. i think a splung over a virgin galactic, there are real folks investing in

peloton did the right thing. we now have a licensing deal with peloton and they're a partner.r this lawsuit will proceed and more like it and they'll lose >> i guess as i understand it, david, and correct me if i'm wrong, the big difference, though, compared to peloton is that this is user generated content as opposed to the company themselves producing content and them adding the music. specifically clearly they are aware of what users are doing on their platform but it does create a difference from the peloton case. i guess it's quite similar, is it not, to where youtube was a decade or so ago when lots of people were uploading content and they were also sort of washing their hands from it for as long as they could? >> well, i think that they would like you to think that that's the case but they have a few problems one of the problems they have is that these are not children that are just putting music on a game and they have nothing to do with it they're actually involved in placing the music. in fact, they charge the children money to put the music on the games, anywhere b

we own peloton i think that's a great list. up >> are you surprised that peloton has continued to do so well the gyms are reopening if you bought a bike and paying the $39 or $49 a month, you are not going back to the gym. you are kicking the money in for something else >> i think peloton obviously benefitted from covid and people staying in and need to exercise with no gyms there is a huge market for people who didn't belong to a gym or aren't going back to their gym. i think technology is fantastic. i think it is a very, very long runway that stock can be earning $3 or $4 a share in a few years. the stock had a dot from 160 to 100. we bought stock there. it went down to the low 80s. we added to it again now it is 122. this can grow loud as a platform company. it is not just bikes it is exercise stretching, medication, yoga, running, running outside they are the leader in the field. we think that field will be enormous >> they have that subscription model as well. let's move past tech, kari things near and dear to your heart.

check out peloton.ter loop capital slapped a buy rating on peloton into the recent treadmill recall will have a limited impact on the company. jeff mills, everybody said everybody is going back to the gym and the stay at home stocks are toast and peloton has been red hot. >> it has been but i still think the valuation is maybe a little bit stretched even though we've seen a pullback here. you have to think that growth rates continue to fade a little bit. i mean gyms are reopening and it is clear people are going back to the office, at least in some capacity i don't think home fitness in that growth there is going away. i just think that the reopening hurts a little bit there is a lot of competition. tonal and you have beach body and mirror and a long list and this stock is still very expensive so you have really high growth and multiple names, it is just not where i want to be right now. >> not wherer wants to be but 6.5% move up some people disagree coming up, is it a bird or a plane? it is jeff bezos

. >> a smaller shoulder. >> but i think we've reached peak peloton i said it at $1.20, it traded off, to dan's point, might have a little burst but negative pr, what are people doing? going book gyms. it's going to be a hard sell i say fade this one >> next up, whopping 47% off the 52 week high for baidu. >> we're down 14 to 15% for the year, this is trade it for us. we like the longer term secular growth component they had great earnings, their guidance was really good i think they were 14 to 24% was the guidance for revenue growth for next year. they have the live streaming platform they're bringing on when you look at the advertising component and part of the business that's sticky where they're managing company websites that grew over 20% so i think there's some runway because it is pulled back so far we go ahead and trade it. >> i'm fading. right now this stock is is so horrible i agree on a valuation basis if you expect mid to high teens eps and sales growth trading 16.5 times next year that makes sense but right now it doesn't act well, it's very heavy and some headlines in chi

. >> and then lastly, ok, so peloton. so are we starting to see them trying to figure out how to keep their numbers up. now that people are coming back to work because are are they taken a hit with with fewer and fewer people being at home. >> hasn't been easy for peloton coming out of the work from home world. they've had supply chain problems. now it's going to be the work at work. the program with a workout at work. 83% of us have started to go back to jim's. i start to go back to my jam peloton in the click dos. >> 5.4 million americans described peloton services at $13 a month. you can see it's a great business. but as we go back to work, they have to figure out how to keep it great, so to speak. part of that will be offering special offers if you work out at work, part of that will be giving discounts on the equipment. maybe a little bit of team building you, me and our a year for bike ride through the alps later today and talk about how great life is of course we'll invite remind everyone else. we've got a little q

(as peloton instructor) all right, you guys let's take the resistance up to 35.yone shout their social security number. marlene p, you're lagging, better give me your account and routing numbers too. woohooo! do it for you! ( cheers and applause ) i love it! crank it up! the biggest concern with this hack is that criminals could spy on users through the bike's camera and microphone. well, i've developed a fool-proof plan to stop this from happening to me: using my peloton only to hang my pants. ( cheers and applause ) meanwhile, to mark 4oo years since the original crossing a robotic ship has set off to retrace the mayflower's journey. said native americans: oh, good. we're doing this again, but with wifi. ( laughter ) meanwhile, olympic trials are taking place right now for the us national swim team, and swimmer sierra schmidt has gone viral for her super enthusiastic and elaborate prerace warmup routine to whatever is in her headphones. go girl! warm up like nobody's watching! ( laughter ) warmups generally involve the same movements the sport uses. so i really

most people thought the wheels to come off for peloton once the country started to reopen but stock up 5.5% to date and 23% in the postmonths looking at whether wellness stocks can boost your pochl. s portfolio stay with us troy - that's not your kid! the aflac duck is just covering for sophie. same way he got me money to help cover her hospital bill when my health insurance didn't pay for all of it. but this isn't fair! that's exactly what i said! but then i learned health insurance isn't even supposed to cover everything. wait...for real? for real real. luckily i had aflac. aflac!!! get help with expenses health insurance doesn't cover. go aflac! !mm-hm! get to know us at aflac.com. >>> welcome back to "power lunch. we're watching shares of vertex pharmaceutical shares plunging 10% after an experimental drug for a rare disease while they say that the drug did raise levels of a key protein it wasn't a substantial benefit tracking for the worst day since mid-october. now down more than 15% year to date tyler, back to you. >> thank you very much pandemic lockdowns led to a renewed focus

peloton issued a mandatory software update. this is the latest controversy for peloton. death of a 6-year-old child. t.j.? >> thank you. >>> we turn to an incredible story of survival. a woman lost in the alaskan wilderness for days. she was chased off the trail by bears and then making it out alive. kaylee hartung has more on that story. kaylee, good morning. >> reporter: yeah, good morning, whit. is this the way i'm going to die? that was the question fina kiefer was asking herself when what was supposed fob a challen challenging, long and beautiful hike turned into a nightmare. after 40 hours alone, this morning one hiker is battered and bruised, but has a story of survival to share. >> i cried many times. >> reporter: the group of grizzly bears charged her, chasing her off the hiking trail. she chased them off with bear spray. >> i had to stand my guard while this bear was charging me. i grabbed my pepper spray and as he was charging me, i sprayed the first spray and then i said hey! then he stopped his charge about 20 feet. so startled. he turned around, ran down wi

. >>> cyber security flaw exposed with new reports of mcafee has shares of peloton running scared and one hot commodity seen the price soar recently one that will surprise you given it's 2021 here's your morning rbi and it's ahead on today's "worldwide exchange." ♪ >>> well, good morning, good afternoon, or good evening and welcome from wherever in the world you may be watching. i'm brian sullivan thank you very much for joining us here on cnbc. well, there is going to be a lot going on today it's all ahead of the fed. ahead of that, why don't we get a check on your money and the futures. they are mixed dow futures down 48 technology which has been high, by the way, is up 13 points right now. now, overall, those stocks have been slowly sloggingly scratching out new highs but they've been doing it on very smooth news. check this out, 14 of the past 15 trading sessions the s&p 500 has moved less than one half of 1% so, kind of slowly grinding higher, but higher, nonetheless. what's not higher? bond yields. they keep backing up and ahead of the fed, the benchmark ten-year note is below 1

i love you and even though i'm 27, i want you to adopt me okay my question is about peloton this weeknew corporate wellness offering for businesses. >> yes. >> and it tremendously moved the stock up but with gyms opening back up and the loss of the company and the historical difficulty to stay trendy and in the long run, do you think it is time to sell peloton >> no. i think that the peloton is one of those companies that -- i don't think this initially, that really came out of the pandemic with more people using it than before it is still great word of mouth. i think you could let this one run at least to 140. let's go to arthur in missouri arthur >> caller: hi jim. a big st. louis booyah to you and thank you for everything you've done for me hroughout the years. >> thank you for sticking with me throughout the years. >> absolutely. so i want your opinion on a company that i already own and look at it as a long-term investment the stock is about 60% off the all-time highs with targets of 30% upside it is barely above the ipo price and there is inside buyering it is better margins tha

compañía de seguridad mcafee encontró una vulnerabilidad en la bicicleta de (nombre en inglés) de pelotónnglés) dijo que la mitad de sus ventas seránde autos eléctricos para 2026, se espera que ofrezca un portafolio completo de autos eléctricos al final de la década. el 4 de julio la compañía de fuegos artificiales (nombre en inglés) pide que sus clientes compran los juegos artificiales con anticipación este año. espera que la demanda para los fuegos artificiales aumente significativamente mientras más familias celebran el día de la independencia de los estados unidos en casa por la pandemia este es su informe cnbc para telemundo muchas gracias por la información quiero hablar de la compañía apple porque anunció que instaló una obra de arte precisamente en el centro de visitantes en (nombre en inglés). la obra titulada (nombre en inglés), única en su tipo, tiene columnas de vidrios, proviene de 58 diferentes desiertos esta arena, imagínese cómo la llevaron hasta acá, el trabajo estará el próximo verano . >> se reporta compra-venta de diferentes edificios en nuestra zona, ya que salimos de

liz: and peloton holding strong, but planet fitness sweating it out as a new fitness competitor blank checks its way on to the u.s. markets today. beach body flexing its muscle on its first day as a publicly- traded stock after completing a nearly $3 billion three-way merger with shak back spac, and connected by company mix. coming up, the tri-merger crown ed beach body ceo carl daic hler a billionaire but what are his plans to make the competition feel the burn long term? with the closing bell ringing in 47 minutes carl is live with us on the "claman countdown" when we come back. don't go away. ♪ all by yourself.♪ - oh. - what? rain. cancel and stay? done. go with us and get millions of felixble booking options. expedia. it matters who you travel with. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you ma

. >>> working out on a peloton bike, listen up, next on "today in the bay" we'll tell you about the all new privacy warning you need to know about before you hop on one of the popular fitness bikes. >>> silicon valley ought to be sweating a little bit because there's a new head of the ftc and she doesn't like big tech very much. taking out to the futures, not a lot of movement. we have a fed meeting that's got to wrap up first. >>> plus, what would you do if this unexpected visitor showed up at your doorstep? more must-see video of this curious gator ahead and we'll show you what happens next. stay with us. you're watching "today in the bay." >>> right now at 6:12, we're under a microclimate weather alert. i want to show you how fast it will warm up in a spot like dublin, mid-50s right now. nice and comfortable but you can see this trend and by 1:00, we're at 93 degrees. it's going to be even hotter tomorrow, more on that as well and video i got out of canada, coming up in a few minutes. >>> this is a warm looking live shot here, the sun definitely coming up over the bay. the backup slo

get to line the road, but there is a longstanding unwritten rule that you do not affect when the pelotonsfinitely, emily, and i'm not a lawyer, an offense because the peloton comes you at that moment have to do everything you can not to even remotely obstruct it, clearly, this woman was, i love the racetrack for the tour de france said his statement was look, you come to see heros. you want to see yourself look in the mirror and that's exactly it now after the pandemic, these spectators have been given the fortune of seeing best on the planet come to compete, particularly when you're in the peloton and it wasn't like you accidentally got in the way, it was intentional, and she should be prosecuted to the fullest extent of french law whatever that maybe. >> griff i know you're huge know soul cycle is that something you heard in class if you want to see a hero look in the mirror because there are mirrors. griff: everybody knocks on me for that but i will just say this. >> i think it's great. griff: get me thank you. >> i'm right there with you. it sounds like we're all going to go to soul c

i don't want some russian hacker taking over my peloton spin class. "give me ten bitcoin, or i will push you harder than you've ever been pushed!" "but i don't have 10 bitcoin!" "okay, then, we're doing the mountain level! faster! faster! believe in yourself, trevor!" that's got to be absolute bottom rung of the hacker hierarchy. you have hackers shutting down the oil industry and other hackers who have all of facebook's user date. and will then you have one guy who is like: "i watched karen silverman bike a 5k!" "big time." my question is why you would want to hack into someone's peloton camera. we're in a golden age of television, and you would rather watch someone's bike face for half an hour? ( panting ) let's move on to our main story. spotify: the app with the entire history of recorded music that you use to listen to the four songs you liked in high school. spotify and other streaming services have made listening to music as easy as shoplifting from a walgreens. you walk out the with thing, all that happens is a beeping sound. that's why i love

. >>> peloton says it has fixed a security flaw allowing hackers to spy on users and even control theircurity software company mcafee identified the problem and warn someone with physical access to those products could gain control of the devices through a usb port on the interactive tablet mounted on the machines. peloton issued a mandatory software update to prevent hack attacks and urged members to log in and download it. >>> and google's first-ever retail store opens its doors in new york city today. the store will be filled with google products including its pixel phones and chromebooks and fitbits for customers to try out. the store will offer support for devices and software. now in the past google has created temporary popup shops, but this location is designed to be a permanent fixture in the cmpany's new york headquarters. anne-marie? >> all right. diane king hall at the new york stock exchange. thanks a lot. >> you got it. >>> up next, epic roadtrip. three teens listen to the song "sweet home alabama" for seven hours straight. hear the response from lynyrd skynyrd's front man

the weather is nice. >> conservative investor does not buy peloton. as much as i think the company is well managed it's not the kind of stock -- you need to be looking at a pfizer. by the way, there is no shame to look at pfizer it's not bad i talked about it today in a video i did. you need to be looking at some -- you can buy bristol-myers. it's all right here. i just think peloton is not for you. it's just risky. ellen in pennsylvania. please, ellen. >> caller: jim. >> what's up >> caller: i am a philly girl. >> yes, very strong! >> caller: jim, you are the reason i can retire and my daughter is an investor. >> there you go. there you go thank you very much. thank you. >> caller: thank you my question is about stock you recommended highly and i invested i don't know if it's a hold, buy or sell. ever since it has gone down, and i am wondering if it's being shorted. if so, could it be a target for the wallstreetbets crowd i would like to see it go to the moon i am asking about encino. >> it's been weaker. i don't think the wallstreetbets crowd is loo

you get somewhere in a tesla, the peloton is pretty much going to sit there >> yeah, peloton for a momentng the ndx, along with all-time highs pretty high profile names, microsoft great interview by jon a moment ago. facebook, visa, am ex, target, costco, dom knows be nvidia celebrating all-time highs' wet request get fedex and nike tonight. bank stress tests in front of inflation data when we come back on friday morning tomorrow that's does it for tech check. let's get to the half. >>> and welcome to the "halftime report." i'm frank holland in for the judge scott wapner front and center this hour the catalyst for stocks companies set to return a record amount of cash to shareholders we debate that with the investment committee joining me for the hour are the lovely and talented carrie firestone, cr of asset management steve weiss, no nickname needed. downtown josh brown. financials are one of the best performing sectors today banks are all higher ahead of the stress test results where the focus is on how much capital they'll be able to return. the results coming out at 4:30 this afternoo

and the peloton president will join closing bell for an exclusive interview.ally beauty are up 12% after getting two upgrades to outperform. the valuation makes the stock a good entry point cowen sees 50% up. you can find out more about the calls on cnbc.com/pro. >>> states have tried to lure companies with lots of incentives those incentives don't always pay off. scott cohn joins us now with more on the latest in this story. scott? >> reporter: hi, kelly welcome to the eighth wonder of the world. at least that's what former president trump and former wisconsin governor scott walker promised a few years ago for this sigte 30 miles south of milwaukee, a giant manufacturer maker for foxconn. the they did get this nifty glass sphere built behind me, and they are doing some manufacturing here, servers currently. but it's a far cry from what they were talking about initially with giant video displays they were going to build here take a look at the then and now. they originally plan to have some 13,000 high-tech manufacturing jobs here. that's now down to about 1,5

peloton hoping to keep the at-home fitness crowd feeling the burn even as they return to the office.cities lift covid-19 restrictions and those crowds do flood back to urban centers, taxi services and ride-sharing apps alike having a tough time staffing drivers resulting not just in the longer wait times -- and you guys know this if you've called an uber or a lyft -- in some cases outrageous surge pricing. what are we talking about here? okay, so here's one example. a right from battery park, that's way down in lower manhattan at the very tip, up to midtown, which used to cost at the most $29 is now going to set you back $44 on uberer, $35 on lyft but just $21 in a taxi. quarter to date, or let's look at the shares here. lyft's down 6%, uber down about 10%. do uber and lyft risk burning customer and, hence, revenue bridges with this surge pricing? to the streets of new york city and lydia hu on ride-sharing companies' new problem. lydia. >> reporter: hi there, liz. you know, analysts say that this problem will probably resolve itself maybe late summer, september, that's when they exp

peloton has released a mandatory software update to help deal with this. this one makes me nervous because my bikes right next to my bed. so i'm gonna do that update. as soon as i get home, we do have a parent warning right now. it's about tiktok because apparently it's collecting even more of your personal data tiktok recently updated its privacy policy agreement. the new permissions allowed tiktok to automatically collect more facial and vocal data from its users. the company says it's collecting the data for demographic purposes, content and ad suggestions along with some various video effects. the ap has more than 100 million users just in the u.s.. happening tomorrow. a famous san francisco landmark will reopen after being closed for 15 months. coit tower closed its stores on 3/15/2020 because of the pandemic. but it will be welcoming visitors again starting tomorrow. the national historic site houses, the largest depression era art collection in the country. visitors can admire the murals inside the tower's base for free or they can buy tickets to ta

. >> before you get on the peloton bike listen to this. a popular bike and tread mail may be vulnerable to hackers. mcafee says hackers can get access to user's day tax even the camera or microphone on the bike or treadmill. the security flaw may be problematic in gyms, hotels or shared residential communities where users share the peloton cardio machines. peloton has developed a security patch to fix the problem. >>> soon drivers will get behind the wheel of the new ford bronco. for the first time in 25 years it is off the assembly line headed to dealerships. more than 125,000 have already been ordered. >>> a florida man got an unwanted visitor from a scaly stranger. >> you see him down there? uh-huh. that's an al ator decided to visit this home in parish, florida, south of tampa. this happened over the weekend around 4:30 in the morning. scute camera caught the visitor. the gator game back moments later for a second visit before disappearing into the night. the question is what did the gator want in the house? >> yeah, or who. >> up in t

back the old fashion way, shah, strong earnings, docusign up big, zoom responding pretty nicely, pelotonell, as you say charles, earnings are the mother's milk of stock investing as long as earnings keep coming in better-than-expected, long as they continue to grow their earnings and bottom line. these work-from-home stocks are going to continue to go higher, plain and simple. i like that space i've always liked that space i've really started loving it obviously when the pandemic hit and we've been in it the entire time i think it's going to continue to do well. charles: i've got 30 second, mike. the russel rebalancing, amc won't be going to the russel 1000 but a lot of changes jeffrey says you've got to be in snow, black stone, peloton just to name a few. are you a buyer of any of those? >> we're long peloton, we're long black stone but if you look , charles down here we're around $74 billion market cap. just about cut in half it's something i want to look at a lot closer because money coming into that could get that stock moving, get the momentum behind it and backup to the high 3 hund

peloton is working on a digital hop rate -- digital heart rate armband.is the biggest move to span -- to expand beyond fitness equipment into wearables. it is expected to pair with pellets on bikes and treadmills, shares jumped on the news, finishing the day up 8%. and, it seems like shoppers are looking for some very different bargains from this year's amazon prime day. according to the research company, consumers are flocking to the site to -- to buy diapers. the first 32 hours of the tube event, the average order in the u.s. was about $47. during the pandemic, shoppers shifted more of their spending online. making it more difficult for events like prime day to stand out. coming up -- a new radical move to diversify venture capital and create a new generation of black founder to could change the world. let's talk to the investor behind it, next. this is bloomberg. ♪ emily: amazon's takeover of mgm is said to be reviewed by the trade commission. it will oversee the deal instead of the justice department. they .4 5 billion-dollar deal will pose a test for

also, inmates peloton higher. mark zuckerberg zuckerberg, the facebook ceo, saying that they have a big future, they named check peloton. the final thing i want to bring you, the sec issued statements saying that it will be closed for juneteenth on friday and the federal reserve board in washington has followed suit in the last few minutes. breaking news, day two will be closed to serve the g2 holiday. emily: ed ludlow, kriti gupta, take you so much for the roundup. moving on to big tech antitrust. that has been top of mind in washington. a new package is being pushed by representative david cicilline. here with me is victoria spartz of indiana. she is responsive -- sponsoring this act to ensure that the department of justice and fcc officials have the resources they need to enforce antitrust laws or so they say. congresswoman sparks, what do you hope this bill will accomplish? >> i would like to stipulate, i would really appreciate that we don't have just one ominous bill with a lot of information in there where

also, peloton higher. mark zuckerberg zuckerberg, the facebook ceo, saying that they have a big future, they named check peloton. the final thing i want to bring you, the sec issued statements after the market closed, saying it will be closed for juneteenth on friday and the federal reserve board in washington has followed suit in the last few minutes. breaking news, day two will be close to serve the juneteenth holiday. emily: ed ludlow, kriti gupta, thank you so much for the roundup. moving on to big tech antitrust. it has been top of mind in washington this week between various hearings and a new package is being pushed by representative david cicilline. joining me to discuss one of those bills is republican victoria spartz of indiana. she is sponsoring the modernization act which updates filing fees for mergers for the first time in two decades to ensure that the department of justice and ftc officials have what they need to enforce antitrust laws, or so they say. thank you so much for joining us. what

. >>> meanwhile, scary ws for peloton users. some peloton machines have a dangerous flaw that could enable hackers to invisibly and remotely gain control of the bikes. this could be bad. all right, you guys. let's take the resistance up to 35 and just for kicks, everybody shout out their social security numbers. you are lacking. better give me your >>> 5:35. obamacare. the supreme court decision straight ahead. >>> and stern grover festival kicks off this weekend. it is going to be a lot of fun. i'll tell you all about it with a live interview coming up next. >>> here is a live look outside before we head to break from our exclusive mark hopkins camera. you can see the sun coming up there ♪ ♪ ♪ ♪ ♪ ♪ hey gogoogle, turnrn up the he. ♪ ♪ ♪ receive a a chargepoinint homeme flex chararger or a public charging credit. see you volvo retailer for dedetails. -great idea. [gasps] look at the little cutie. -he's coming for a visit. -hi. [chuckles] aww! oh! he's leaving! -nice work, guys! -introducing togo's new cheese steak melt, featurin

millions of people will be able to qualify for a digital membership discount on the peloton app.usands of classes that do not require any equipment. it cost $14 a month, but students pay 7 $7. teachers and first responders will pay $10, and military members and their families pay $10. it's a rate that is locked in for life. >> nice. >> what about the next story? >> i like this story. >>> all right, sir. sir. sir. all right. you do not -- do nut want to miss the deals for donut day. krispy kreme, my favorite giving donuts all day. if you're vaccinated, you can get it when you bring in the vaccine card. if you buy any beverage, you can get a free classic donut. >>> dijorno is releasing pizza flavored donut. it's a twitter sweepstakes to give customers a chance to win a they're filled with mozzarella cheese, and then topped with a sauce friend. >> no. no. >>> let's talk about the cubs and the giants. the giants won last night 7-2. taking on the you be cans once again. 57 and dropping down to 54. breezy conditions. make sure that you have the proper clothing there. if you're thinking

peloton is working on a digital heart rate armband. the biggest move by the company to expand beyond stationary fitness equipment and into wearables. the device is expected to pair wirelessly with peloton's and treadmills and phones and tablets mtv's. running the app, shares jumped on the news with shares a up. and it seems like shoppers are looking for some very different bargains from this year's amazon prime day. consumers are flocking to the site to buy diapers and serial not flatscreen tv's. and in the first 32 hours of the two-day event, the average order in the u.s. was $47.14 compared to $54.64 last year. during the pandemic shoppers shifted their spending online, making it more difficult for events like prime day to stand out. coming up, a new radical move to diversify venture capital and create a new generation of black founders who could change the world. i will talk to the investor behind it, next. this is bloomberg. ♪ emily: amazon's takeover of the movie studio mgm is said to be reviewed by the federal trade commission. t

>> are you -- which of the two camps do you fall into, weight watchers or peloton? to look like this at least. >> peloton is killing my knees so i'm going to switch >> i've said this before on the show never in the history of wall street has there been a successful fitness or nutrition related company long term. they are great trades, but for whatever reason, mcdonald's continues to win out so i'm not a big investor there from the long-term perspective although i do like lululemon here >> josh, thank you and leah for joining us >> thank you so much >>> up next -- we'll get more reaction to micron's earnings when we're joined by an analyst who has a $150 price targ et on the stock. >>> plus, mike santoli looks at what it's saying about the broader market >>> micron now is a little bit higher after reporting earnings, beating expectations across the board with decent guidance as well for the quarter ahead the earnings just minutes away mehdi, thanks for joining us reading your preview, you were confident it would beat so congrats on that front is this broadly what you

. >> also this hour, bullet calls on se and peloton.check in on crypto, after a wild weekend in miami. we will get a download of everything that happened there as bitcoin, john, just pushing above 36,000 >> de, apple and spot wear satellite is on this afternoon the developers conference will happen virtually in a few hours. messaging, other apps across devices, maybe some new macbook pros as well all of this part of the push to keep users inside the apple eco system the company making the pitch its vertd cal integration makes better experiences and gives developers the opportunity to reap big rewards critics argue no one company should have this much power. this argument on full display at the recent epic games trial on apple's 30% fee and monopoly practices. that is the big debate for apple and much of the faang trade. is big real ill so bad deirdre, i think this is apple's big moment to make the argument that its ios eco system, mac eco system has provided a fertile ground for more developers to reach more people in more ways and char

they have the peloton bike.t know. >> i know you're saying am i really going to be on the peloton bike? yeah. >> after hitting the buffet. you sure are. >> i was today years old when i found out celebrity cruise didn't have celebrities on it. i thought there was a special guest. >> if you board, >> oh. look at you. >> look at that. oh, there he is. see him at the bottom? >> what did you see? >> oh, he's behind the ticker. you can't see him. he's being shy. our sear gull. >> there he is. >> there's a bob of the head. >> going to take reggie's line and say good morning to only him or her. >> good morning to the sea gull. >> thank you for letting me borrow that. look at this. the reason i show sfo, look at these winds. 28 to 35 miles per hour. this is just the beginning of what is going to be a very windy day. in fact they're going to increase and spread throughout the day and possibly cause some damage. now the breezes will back off. they'll be around through peninsula now. we're looking at upper 50s there to 58 i

. >>> why pentagon is back -- peloton is back in the race.d tony zang associated energy names have not quite followed suit. the chart master is drilling down on what that means. carter >> obviously a great move in the commodity, all

>> i do own peloton. i've owned it for a long time.i think it's the ultimate connected fitness company and i think just ultimately here coming into the summer i've been talking about a big rotation out of value stocks back in the growth we're witnessing it the fang stocks are coming on we're see ing interest rates under control and seeing financials begin to sell-off but i think we're getting back to risk-on and growth stocks like peloton are going to benefit it off a high of about 170 and i think we're going to see good things ahead. great product, big demand for it , and it's going to trade higher. stuart: greg smith thanks for being here. we'll check out peloton and arch er aviation, too. thanks, gregg. we'll see you again soon. >> thank you. stuart: i saw this over the weekend. a fisherman claims he was swallowed by a whale. watch this. >> everything went blacknd i was like oh, my god, what the heck, where am i? i'd just gotten eaten by a whale stuart: some experts are not buying it. we do have the full story. novavax says its vacc

mile and a half, as the rainbow striped jersey of the world champion, julian alaphilippe, left the pelotonur the moment, it's 20 years since a frenchman last won the first stage of the tour. while behind him the three race favourites, primoz roglic, tadej pogacar and geraint thomas all ensured they're still in contention, others weren't so lucky. drew savage, bbc. defending champion lizzie deignan finished ninth in la course — the one—day women's version of the race. dutchwoman demi vollering won the sprint to claim her first title. next year the one—day race will be replaced by an eight—day tour de france for the first time since 1989. championship leader max verstappen will start on pole position for styrian grand prix in austria. he was a class apart in his red bull at the red bull ring although when he looks in his mirrors tomorrow — he's just ahead of lewis hamilton and lando norris in third. nick parrott has more. this is red bull's track but they had never previously put a car on pole for their home race. lewis hamilton won from the front last year but times are changing. max versta

loop saying peloton's treadmill recall has already been left in the stocks rear view mirror. oh, yes it has. folks it was down around $80, just a couple of weeks ago. it is now at $110.37, climbing 7 % right now. and merger monday, living up to its name with a major infrastructure deal. vulcan materials buying out u.s. concrete for $74 a share. that be a 30% premium from friday's close look where it is right now $0.10 away from that, 73.90 at the moment for u.s. concrete, so looks like the price is about right. vulcan down just under 1% as it dips into its coffers to pay for the nearly $1.3 billion all- cash purchase but who knows, would definitely pay off if we get an infrastructure bill. we shall see. crypto clash bitcoin caught in an international battle between one central american president and former u.s. president. whose winning and whose losing in the market's final hour of trade? we take it up with the floor show, next, closing bell ringing in 45.5 minutes the "claman countdown" is coming right back. stay with us. nobody builds 5g like verizon builds 5g. thousands of

the fitness company peloton recalled two of its treadmills yesterday after dozens of injuries involvingthat's crazy who can afford a peloton and children a woman in missouri recently discovered a world war ii era japanese bomb while gardening. which came as a surprise because she planted cruise missiles. [ light laughter ] employees of a coronavirus testing facility at an indonesian airport were arrested yesterday for allegedly washing and re-using nasal swabs for passengers well, at least they know who's got covid now. looks like, yeah everyone and finally, mother's day is this weekend according to six voicemails from your mother. and that you guys was the monologue. we got a great show for you tonight. he is a grammy award winning musician already in the rock'n'roll hall of fame for nirvana. and his band foo fighters are also nominated for induction later this year. the six-part series, "from cradle to stage," he co-created with his mom, virginia grohl, premieres tonight on paramount plus dave grohl is here to chat and perform with foo fighters later on in the show and she's a very fu

then i'll throw out there peloton.s is here to stay and i think peloton has a lot more levers they can pull so once they get past this recall and the tragic death of the infant, i think there's a lot of upside for peloton. they could be the first ones to get up there. ashley: very quickly, mike. amc, we've been talking about it this morning, it's surging. are you buying this? are you interested at all in amc >> i'm not, ashley. so amc, gme, game stop, these companies being moved by the reddit maffia, more power to them. i want all the traders to make money. it's not for me. i'm looking more for fundamental s. i'm not as active to get in and out of these things, so i would just caution anyone watching at home, stocks that can move up 25 or 30% in a day can also move down that same amount, so tread lightly, and, you know, use caution. ashley: all right, good stuff, great advice as always, mike murphy, thanks for joining us, mike, we'll see you next time, thank you very much. staying on let's talk about crypto if we can.

and peloton bike owners. your privacy could also be at risk. found a way to infiltrate the touch screen on the bike. plus, model that lets them spy on users with the bikes microphone in camera that can also install apps that can steal personal data log-ins and passwords bikes in public spaces. they're the most since the hacker need physical access to the screen to get started. palatine is releasing a mandatory software update to help deal with this. >> still ahead tonight, triple digit temperatures in parts of the bay area today. what you can expect tomorrow as this end of spring heat wave continues in the heat is only adding to farmers problem so dry out there in the field. >> how they're dealing with this drought and double whammy. plus, president biden meeting with russian president vladimir putin for the first time as world leaders. what issues they

the impact from peloton's treadmill recall is likely overstated they are bullish on peloton saying it theme. some of these have been hardest hit, both etsy and peloton even lululemon a lot of people just think that it's not the time for that as the economy reopens. yet some of the companies are coming out and surprising investors. >> right this is where the debate comes in i think there's a bit of a straw man argument this stuff isn't going away. nobody thought it was going away the question is how much of the pandemic premium would come out of it. both of these stocks are down a lot but only back to october or november levels, meaning they have still retained a lot of that huge surge they had over the prior year that shows you that they still do have a market expectation that they're going to have a durable franchise even if you do have a lot of debate around the valuation. >> lindsey, more broadly, where are s&p 500 multiples now as i guess earnings numbers have caught up a little bit with the multiple but maybe not fully >> yeah, no. the p.e. ratio on the s&p 500 on 2021 is about 2

plus christmas is coming up, which means so many more sad women are gonna be forced to ride pelotons.ur cry ride. - [wails] - it is your responsibility to be livid. we are surrounded by inequity, injustice, and broken and perverted systems. we should be angry. - "inequity, injustice, and broken and perverted systems." that should be the 2020 slogan. there's so much to be angry about. in fact, some people are even angry at rbg herself. - it's very natural that there are going to be a lot of people who are reasonably critical and angry. and they're gonna want to look for an outlet for that anger and a lot of them are gonna look at ruth bader ginsburg who did not choose to retire during obama's administration. - should people be upset with her over that? - i think it is problematic to lay all of the blame and villainy for our current predicament on her shoulders. but i think it is equally problematic to have held her up as a perfect and one-dimensional hero who is no more than a t-shirt slogan or a coffee mug slogan. it's really important and understandable that we look to her and celebr

this is what happened to the peloton of riders.dly stepped into their path, holding a large sign, which struck one of the leading bunch. as a result of the crash, one rider had to pull out of the tour and eight others needed treatment for their injuries. and that's a replay of the moment itself which led to the crash. on thursday, princes william and harry will come together to unveil a statue of their mother, the late diana, princess of wales, on what would have been her 60th birthday. it will be the first time the brothers have seen each other since the funeral of their grandfather, the duke of edinburgh. despite the appearance of unity, questions remain about the state of their relationship, as our royal correspondent daniela relph reports. oh, my god. get this on camera. you forgot your boots! oh, my god. they'd been so close. it seemed an unbreakable bond. he is the one person on this earth who i can actually, really, you know, we can talk about anything and we both understand each other and we give each other support. we get