. once again the best sprinter in the peloton-— the peloton.funny ones where - the peloton. cycling is one of these funny ones where you | the peloton. cycling is one of. these funny ones where you are on the bike by yourself but you are also part of a bigger team, what is mark cavendish like as a teammate, as a sportsman? cycling is a very different sport to most other common sports, it is a team sport where individuals when is the best way to describe it. —— win. you need a team to win, without them you don't have any chance to be successful. mark cavendish is one of the best team players in the sport of cycling. if you are loyal to him, if you did —— give him 110% he will return to you any time he gets the chance. and as a team leader he is one of the best team leaders i have worked with, obviously, that is what makes him super successful, the way he can lift riders, lift teams to take —— chase goals and numerous winds. some riders would be happy with one in —— one win in the tour de france but mark cavendish is always striving for more.— st

we're going to start with peloton.e they've connected fitness machines for the best options. 2021 is a very different story as the vaccine program got rolling, wall street embraced the reopening stocks and dumped the covid winners. peloton included according to the bulls, peloton could keep winning as the world goes back to normal. they built a powerful brand, and the peloton habits become great. remember, they don't just sell equipment. these are connected devices, and they also sell subscriptions to all sorts of virtual classes, that's where the money is. meanwhile, last month the company rolled out a new corporate wellness program where they partner with businesses and corporate benefit programs that. yesterday we found out we're working with united health the best, to offer free peloton trial memberships to 4 million insurance customers. they are such good business people last week, peloton got hit with a big downward neutral from web bush. they're worried about slowing engagement numbers, rising competition, both

we look at peloton we still own peloton we're not buying it right now. cathie clearly still owns it but we like peloton long-term. there is a lot of dust that needs to be settled in this reopen phase we're in. every week we get more reopen. >> yeah. >> and to that but we like each of the individual names for each of the reasons. i'm looking at the one-year number yesterday a year back within all of the numbers are still positive so for us on each of the names that you mentioned for us we're good. >> about peloton specifically i'm glad you zeroed in on that because i wanted to as well. it was reiterated sell today, over at ubs, tiff, the price target remains at 74 they say the penetration of the total addressable market is 3% today, up from 1.5% in 2020. that's a double. and three-quarters of oneners 2019 the growth of the company has been undeniable. but they wonder whether it's a has been great story that's going to be much more difficult to duplicating they say the estimates on the street assume the triple of the penetration by 2025. is that too optimi

peloton later backtracking and issuing a recall. mistake by not engaging with the consumer product safety commission in a more productive dialogue earlier in the process. >> reporter: for the saadoun family it was too little too late. >> i read a statement from the company after knowing that so many kids had been injured, that a child had died and still insisting that their product was safe and taking weeks to actually recall the product. that was when we decided we need to sue this company. >> reporter: the lawsuit filed against the fitness giant claims peloton knew or should have known that subject treadmill was extremely an unreasonably dangerous. >> part of what the saadoun family wants is to raise awareness about how dangerous it was. >> do you think it was preventable? >> yes, we think a better, more safe, not defective product design would have avoided this child's injuries. >> reporter: and the lawyers for this family pointing out that most other at-home use treadmills have that safety guard on the back of them to prevent th

but over 90% of peloton subscribing keep it over a year. with the bike and the tread, it's really really sticky revenue. but also people are just buying the subscription to the service. because they have much more than just, you know, bike workouts. you can do running workouts, all sorts of things. and that's what these members for united health care are getting >> all right all right >> the other thing is a lot of people think one other thing, one quick thing >> got to be quick >> peloton -- so they were -- they've put some things in place with kind of bringing down the price point and also financing 50% of the people purchased their bike last year which is really really said to be expensive, made under $100,000 a year they were putting measures in place. i like it so i bought more >> you spend $250 oh on the bike you better keep the subscription more than a year >> i know >> tesla tops targets but shares down ge higheren on the back of earnings ups getting whacked as as skeeve weiss said how the investment committee plays the names from h

i think this is good news for peloton. >> good chance to get a stair workout and she did.day. we appreciate it nancy tengler, julia boorstin for rapid fire. >>> stocks rebounding. the dow is up as much as 660 points from the highs. from the cndc's new guidance an all of the headlines on the covid front after this experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing. on the 2021 rx 350. experience amazing. these days, we want sophisticated but simple. cutting edge made user friendly. in other words, we want a hybrid. and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, i

and peloton is launching a new fitness video game. it's in beta testing peloton's new app is called lane break. instead of the typical instructor led classes users will pedal at a certain cadence along a digital highway players can collect points for reaching certain goals or increasing resistance. there's also a social element as players can challenge other peloton users. the game is officially set to launch early next year. >> we're going take a quick when a truck hit my son, i had so many questions about his case. i called the barnes firm. it was the best call i could've made. call the barnes firm now and find out what your case could be worth. ♪ call one eight hundred, eight million ♪ >> i'm like a lost in time. everything's s. it will never be the same. >> now to a story you'll only see on kron 4, a mom speaking out following the murder of her son. it happened while he was asleep in his tense while on a camping trip with another family in oroville kron four's taylor talk to the mother of tyler dickson who finds it hard to believe

carolyn: peloton and biotech cared we all zoom fatigue. that stock lower. even of choice is month and dollar. >> absolutely. what is interesting is the secular nature to what is going on. we are diving into the dollar. when you have a higher dollar, you are losing some of the investment to hop into the stocks. higher dollar not great for foreign investors. taylor: come on. the real story is bonds. down 10 basis points on the tens and 30's. when it he too on the 30 year. -- 182 on the 30 year. you were talking about the 120 level. the next gap below that, how significant was it we were not able to keep the 120 level? >> pretty significant. i would love to blame technicals but you are not seeing it hit a technical level. the 124 basis points was the last one. go below that and the next level is at 112. we did not hit that yet. you cannot really base this kind of idea on technical levels. if you ask five different fund managers, you will get five different answers. some of it is going to be unwinding the reflation bets. some is going to be a bid for treasury.

carrie, a question for you is on peloton. >> okay.estion or just what we think >> i don't have it in front of me >> okay. okay all right so what do we think about peloton here as we know this stock had a big run last year. then it hit the skids, came down a lot as the reopening happened and they had the recall of the treadmill. and now the stock is started to come back again. we have bought it in the low hundreds, again at 84. it's been oh a tare since then we think there will be potentially 10 million subs. there are 2 million now. we see a long runway, no pun intended for peloton it's number one the field subscription model just made a big deal with unh which with we see a lot of potential we like the stock. we do >> that's my bad, carrie that's from mary ellen in the dominican republic and it was about whether peloton can sustain growth thanks for rolling with that my bad for throwing you a kurvel there >> thank you >> next question, steve weiss, into ezrakiah. got my face ripped off now what do i do that's from john in salt lake c

. >>> after the break, julia boorstin joins us from sun valley, butt plus check out shares of peloton3% today, the seventh time it has done so in the last month. stay with us more "techcheck" is coming up. 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. ♪♪ is that gouda shaped like a foot? or maybe you're just projecting your own insecurities? what? (sniffs feet) ohhhh yeah keep your feet fresh with gold bond foot powder. >>> welcome back to "techcheck." i'm deirdre bosa with jon fortt and julia boorstin joining us from sun valley. coming up, more on china's tech crackdown. didi shares down another 5% now as those stocks have gotten crushed. first, get a news update with rahel solomon. good morning. >> good morning. what's happening at this hour. the bill and melinda gates foundation will name new trustees to oversee the charity the work and that melinda gates could resign if she and bill aren't able to work t

(as peloton instructor) all right, you guys let's take the resistance up to 35.hout 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 delplanop thi happeng 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 so i really tacally sms.uses. laughter ) sportsment) , last but you gotta admit, t

other stay-at-home stocks like peloton, chewy, etsy all higher by 6%, at least chewy and peloton. either etsy is up this is the familiar stay-at-home trade that we thought was over it's nice to be peloton is up 6% today. >> rethinking going to the gym. >>> the dow having its worst day in months. bob my sani is here on the floor of the stock exchange. >> we've been down 900 points since essentially 1:00 p.m the markets and the people have assumed that the virus is going away, but the virus has not. you see it on the payment processes, concerns about perhaps people going out a bit less >> the hotels and the restaurants, like darden, all week no real bounce, northerly to bes, we had an opec agreement, but still high beta names all down 4%, 5%. all lower as well. banks, what can do you with a 1.2% ten-year yield? we've been weaker for the last couple months, the transports, for example, have been weaker. the one thing i would point out, guys, remember the s&p 500 is still up 13 march this years, a 2% down day. this is one of the better years we've had, even in this tremendous run of p

the peloton pop. the stock is up 5% we'll dive into that trade next.ugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. try pure protein shakes. with vitamins and minerals for immune support. >>> welcome back here's a sneak peek of the qualtrics cam. >>> peloton offering millions of its members free access to peloton's fitness classes. shares climbing more than 6% is that 6% efemerol, guy >> i don't know how to spell efemoral that day i remember it clear as day. it was an 89 million share day, the stock traded down to 81.5. we talked about it on the show we said this is the flush we were waiting for, capitulatory selling. here we're basically at a 50% ret retracement. i'm thinking about going back to the low 100s >> dan, that's great for the company. that's just all margin there >> i think history will show you're not going to have millions of people signing up and using this thing that's just my guess i think there are a lot of alternatives, and i would say guy nailed it. at the time was the tread recall,

peloton, autos and it's selling despite growing earnings at 73% which won't be sustainable but they'lld 15% to 20% you're paying a discount for the mechanic i bought more, stocks down 10% i love for this to happen. if you're a long-term investor, you got to love for it to happen as well. yeah the quarter is great >> where did you buy more at -- what's the number you bought at >> i bought more down 17.5 >> all right a little bit lower from here what about korvo, more of that too? >> i did buy more. skyworks i bought today. but korvo bought on the print. prematurely a little down from where i added to it. but they're different companies, the same type of rf business but korvo business is more broad are. doesn't mean they report the same quarter even qualcomm is down after a phenomenal quarter this is when you buy, step up, when you don't run and sell. so i love them both >> all right bought more skyworks more korvo that's the headline steve, thank you very much ekve a good weekend see you next we >> thanks >> then robinhood positive after a rocky debut. we are hearing ou the investment c

we exercise at home, peloton shares were higher today, you take a look at the other ones, docusign for electronic signatures, one to watch as well this has been a huge market move for sure >> dom, we've seen these sell-offs before, only for the markets to rebound just as quickly as they fell is this another blip or something different? >> so a lot of traders are looking at some of the trends in the market right now over the past year, we've seen a number, maybe ahalf dozen or s times in the market dipped significantly. two times it dipped around 9% or 10% from the highs we saw at the time and a handful of other times it dipped about 4% each time as you pointed out the markets rebounded. this time around, we are just about at those levels over the past year, shep, where the market has sold off and bounced again. i wish i could tell you i could see the future but the reason why so traders are optimistic at least or not panicking is because these levels have held in the past so it remains to be seen whether or not this time is one of the times as well >> dom chu, thanks so much >>> canada

peloton up 6%. i didn't do my workout today docusign up 3% and chewy up about 7%. steve grasso joins us, head at stewart frankel and a cnbc "fast money" trader. good to see you. >> good to see you and you look great, tyler no one can tell -- no one can tell you missed that workout >> good to see your entire face. always looking good. so is this a case where people are just moving impulsively to these stay-at-home stocks, the zoom video, clorox is higher, roku is higher, peloton and so forth. >> i think it's rates. i think it's more about rates, less about the delta variant, more about rates if you chart the ten-year yield over zoom or docusign or peloton, you get the same chart. they're all inversely correlated when the ten-year yield sold off, that simple i don't want to oversimplify it on a day where everyone is really having a tough time looking at their portfolio, tyler, but i think it revolves around rates not aroundthe delta virus. >> and so for those of us who might need a refresher course in why rates are so critical to these -- to this class of high-growth

the health insurer, get this , will now fold peloton memberships into benefits options for more thanred subscribers members will be able to decide between a full 12-month digital subscription or a four-month waiver for peloton's all access option both at no additional cost to their insurance fees. nice, all right let's take it to the fall, stifel ungrading simon property group to a buy calling mall reit nearly 15% pullback since june 8, of an attractive entry point. well, you know, hopefully you thought about it yesterday because the entry point just got 8% or 7% more expensive. that's how much simon property group is jumping at the moment it stands at $125.19 a share. uber and lyft supplier alfie is getting the meme stock round-trip treatment at this hour, shares surged nearly 15% this morning before pulling a full 180 this afternoon. shares now down, well, not a full 180 but down about 7% at the moment. on the flip side look at amc entertainment, jumping 21% and literally climbing every minute, because i just looked at it a few minutes ago it was up 18%, amc looking to regain its r

and we should flip it over from peloton to beach body, pumping serious investor iron.le on spiking covid fears. but on the other side of this, gym owners are in the opposite position. look at planet fitness, down 5.2% right now. no doubt the news that los angeles county restarted mask mandates this past weekend to slow the spread of the delta variant has investors worried with. l.a. says masks are required again in indoor public places and businesses including gym chains. how they preparing for this latest chapter? crunch fitness has 1.5 million mens across the u.s., canada and australia -- members and is weighing that exact issue. let's get to ceo ben midgely. ben, welcome. you've got a bunch of l.a. clubs. i know that, because my dad used to belong to the sunset boulevard one. what is the situation specifically in l.a. county right now? >> yeah. we have a lot of clubs in california. down in l.a. they've been through this before, right? so we're communicating with our franchisees and our own properties in the area. we're ready for it. i think the members are ready for

meanwhile, on the flip side, peloton's revenue doubled in the past year while the market continues to technology products from apple, mirror, you name them and ena, you wrote about this today. who's going to win the fitness battle at home or at the gym i feel like human nature tells me it's going to go back to, quote/unquote, normal. >> well, i'm not totally convinced that's the case. i do think when you look, though, at the fact there's just fewer players in the in-person space, that does speak well to the companies that have been able to keep their doors open, that more of the market is available to them. i think we're seeing a lot of noin va innovation on both sides we're seeing the home based folks at a lot of community. that was what was lacking. there's always been exercise bikes and treadmills at home, the thing you throw your clothes over i think what peloton has shown, if you add community, you have a much more powerful environment but the gyms also are picking up on technology. apple watch has technology to integrate with the equipment at your gym they're building in technol

seen high growth big momentum names many of which may be tied to so-called stay-at-home trades, pelotons of the world which would be getting a lift in this kind of a market. pe pelot on is up 7%. there are other names am that complex that are looking more attractive on a day that you're talking about the delta variant, you have a sell-off elsewhere and big pull back in bond yields and people looking at some stocks where you could find significant growth kathy wood herself, i think on this network, said it's a risk-off environment stocks like snowflake. what about these names now >> yeah. again, scott, these names, sure. the issue here is a lot of the time i want people to fully understand when i say those names, and we talked about this many times, i'm talking about options only i don't care whether it's peloton, snow flake or whatever, i'm not interested in being involved in the stocks themselves i would much rather have control and be able to put on a call or call spread or on the flip side of it. believe it or not in arc today somebody had a very good trade they were taking off on the

peloton, pick up your pace. breathe. in the 22nd minute, last set c'mon when i have nothing left to give. you whup f give me a little more. it's you. who keeps me going. we're in this together peloton. c'mon c'mon c'mon so, dear stranger. how you feeling right now? really, we aren't strangers after all. ♪ ♪ ♪ ♪ free to feel ♪ experience the perfectly balanced rich flavors of lindt excellence. by the lindt master chocolatier. ♪ what if i told you... the best place to begin is within. with collagen, that supports our body from the inside, out. because when we feel supported from within... ♪ our confidence... comes from way deeper. it's within us. ♪ if you have moderate to severe psoriasis, little things can become your big moment. that's why there's otezla. otezla is not a cream. it's a pill that treats plaque psoriasis differently. with otezla, 75% clearer skin is achievable. don't use if you're allergic to otezla. it may cause severe diarrhea, nausea or vomiting. otezla is associated with an increased risk of depression.

-- your pelotons and those sorts of stocks. airlines, cruise lines, hotels climbed, and then saw a reversal. of course, the fears of this delta variation that could create issues for travel and the continued growth trajectory for the economy. if we go black into the terminal and take a look at what happening for put option volume, we are going to see that put volume is really pretty high. these are, as you know, bearish bets on the market, so it suggests that some might be hedging their long-term portfolio around all of this uncertainty. alix: thank you very much. joining us for more -- coming up, jp morgan says the recent pullback still sees 4600. katie koch of goldman sachs will be with us. this is bloomberg. ♪ >> i think you are seeing a lot of volatility in the market, and i think the market is trying to digest what is going on with the delta variant. >> i think a lot of other strategists expected a pullback was in the cards. >> this kind of pulled forward, the cyclical recovery, a lot of that has been priced into trading.

poner el cartel frente a la cÁmara durante la primera etapa del tour no midiÓ lo cerca que venÍa el pelotÓnuro copa y copa amÉrica >> padres con niÑos con cÁncer protestan. >> tendremos el informe completo >>> saliÓ de la cÁrcel el comediante quiÉn habÍa sido sentenciado por agresiÓn sexual, entÉrese por quÉ se emulÓ su condena regresamos tras la pausa le esperamos. >> ¿quÉ tal? >>> buenas tardes >>> muchas gracias por continuar en sintonÍa de telemundo 48 >>> seguimos con mÁs informaciÓn >> samantha moreno rodrÍguez se presentÓ por primera vez este miÉrcoles ante los tribunales de las vegas >>> samuel toledo nos informa cÓmo transcurriÓ la audiencia en donde por cierto una jueza dio a conocer nuevos detalles en su caso >> en su nueva apariciÓn la maÑana del miÉrcoles >>> durante la audiencia

peloton down 6 because the guy said people are starting to go outside. >> wedbush's general point isions now both inside and outside of the home, and they're going to wait and see how this shakes out in this new era of growth. >> i don't know, i think when the ceo comes on he makes a pretty good case that people's -- you know, that that's a change, that people like to work out at home, but as i was in the hudson yards, they make it look like spinning the most fun thing of the world in the middle of hudson yards, when you go to milos. >> there's a nice equinox there too. at some point still go public through a spac, though >> are they going to go with thunder road >> i don't know. i got it still in my head. >> screen door slams in their face >> like a vision she dances. >> what else could they be besides that >> roy orbison singing and i want you only. send me home again, i just can't face -- >> we do have dow 35k once again and an s&p record high let's get to bob pisani. >> yields go down, stock market goes up and still not afraid of inflation, despite all the talk about it banks doi

he just needed to ride with the peloton to the finish.een, of the leader of the sprinter�*s competition. everybody knew what he was likely to do. it's just that, at the age of 36, the manx missile is miraculously back up to top speed. nobody could catch him. cavendish does it again! the celebration just the same as it was in 2008, his 32nd stage win. he's not talking about eddy merckx's record of 3a. you're in the form of your life, for once! _ just happy to be back here, and back on that podium. drew savage, bbc news. england's cricketers have taken an unassailable 2—0 lead in their one day series against sri lanka, after comfortably beating sri lanka by eight wickets at the oval. sam curran was the star with the ball, skittling the top order and reducing sri lanka to 12 for three. he ended with a career best five—wicket haul. sri lanka recovered to post 2a1 for nine, but eoin morgan then built on the good foundation laid by england's earlier batsmen to take the game away from sri lanka. it was captain morgan who hit the winning runs gui

. >>> this morning we're hearing from the parents of a 4-year- old boy injured by a peloton treadmillhey're speaking to good morning america for the first time since filing a lawsuit. they're sending a warning to other parents saying their son wasn't even on the treadmill but was next to it when he got sucked under the belt. >> when you saw your son in the hospital. >> we were shocked to see the extent of the burns. my son was covered in burns. we're shocked to hear that a treadmill can do that to somebody. >> peloton released a statement saying they take these stents and others like it seriously. they're cooperating with the recall offering their customer as full refund through november 6th. gma will have a full report on the family's lawsuit at 7:00. >>> governor newsom is making it easier for every rntoavinrnacce. ery hea tolegis $6 billion. this funding will help even the playing field for thousands of californians. >> not inherently born a coder because you grew up in silicon valley. it's about opportunity. it's about access. it's about familiarity. that's what this is about. >>

peloton, talking about getting locked down again. i think australia is locked down, isn't it?n't i hear that overnight? you will start to get the concern people are wondering if we get locked down again. you get a move back into some of those names that did well during the lockdown. i don't think that will be the case. charles: yeah. >> i am still sticking with value. as we move into the end of the year that value will outperform. charles: okay. all right. australia got all the accolades doing everything right. it goes to show you never know. talk about the market from the fed. this band wagon of folks looking for a correction is getting pretty packed. we have liz ann sonders, suggesting euphoria out there would justify 10% move. scott maynard looking for 15%. i disagree with liz ann sonders, the fear freed index is way in the red. this morning american social investors bullishness plunged to 39% from 49%. it was 57% a couple months ago. niche that, are you on the bandwagon we have to get a correction in the stock market before we make a serious move higher here? >> i'm not in

peloton is up more than 6% so is chewy. nvidia is up 4.75. doordash up more than 4% it looks like perhaps a rebound in some of that stay at home or covid-related trade, even as we see the dow down so much what do you make of that >> well, it is a different story line than we have seen in the past and over the last year or so the low rates have been supportive of some of the companies valuations that you just mentioned there, where you have a lot of positive growth expectations baked in and you need lower rates in order to justify some of the valuations that they're trading at. so i think that's part of the story. but then you also have, you know, the fact that it is not broad-based across big tech is the fact that some of those big tech names have done so well and you're going to have investors taking some off the table, profit taking and those spaces, regulation concerns that are not as much an issue for your pelotons, your chewies and some of those names, but more concern for the facebooks and amazons that, again, have just done so well we'

but another hold him in much of the peloton up. along the road, a breakaway got away.actly two weeks after his first. tomorrow's time trials should see the overall victory confirmed. cavendish will have to wait until sunday to make his history. nick parrott, bbc news. and on this bumper sporting weekend, 16,000 fans will be at wembley for rugby league's show—piece — the challenge cup final. castleford will take on st helens at 3 o'clock tomorrow. castleford reached the final with a golden point kick, and they haven't won this competition since 1986, but have come so close to both league and cup success in recent years. st helens, though, will be favourites. castle heard haven't won the cup for 30 years, and i think for us to be able to win it will put our names in history. it's a long time coming for the team. we want to be remembered. that surely the point of everyone because my career — you want to be remembered. and that's all the sport for now. hello. some very warm to hot weather on the way for much of the uk this weekend. there is a weak weather front in northern

markets in sell-off mode today but take a look at some of the trades that worked moderna, peloton, nvidiaall showing green in today's sea of red. but tim, you say the bounce in these stay-at-home plays might be a fake. why? >> i think the fundamentals for stay at home stocks are coming out of stock in very good shape, like a restoration hardware, by the way in the last couple of months have added to the membership fee, are now banging you for $250 on delivery there is different ways to raise the margin in the business i think that's good news i like williams sonoma i don't like the pelotons. i don't like the zooms i don't like high multiple tech that i still think in the environment we're in will come under some pressure. so the instinct on day like today is to go back into some of those trades if you think it's kind of game back on and it's really take out the old playbook it's not and in fact, the market is to me starting to assess where companies that go back to a normalized earnings profile and where they are and the mulligan of '21 is over and in fact it works to the upside too in ot

that you sold taiwan semi you sold free port, those two consistent plays of late you have puts on peloton now again, i mention the ark innovation fund is down substantially. so stocks are 6% year to date now. short alibaba. issues obviously with chinese regulators and specific issues to those names in china. you're also short the uso, u.s. oil fund do we have a weakening rally here is that how you see it because we've gotten more narrow than we have been in a while >> there are a couple of things. first of all, my concerns had been coming into these warmer months that you'd see the retail money that had been pumping up the market -- and pumping up names like peloton for example start to go outside and not only because the pandemic is over but because the weather is warmer. they're tired for being indoors the last year and a change that would take them away from screens and go back to other hobbies before trading the funny thing is that people that get in at the top tend to sell pretty aggressively as the market pulse down. i was concerned about that that's happening a bit i also thought w

. >>> peloton is adding a video game the big difference here, there are no instructors it uses speed and resistance to score points riders will control a wheel on their screen using the pedal on their bikes. it'd just in the testing stage now. the official launch is in 2022 >>> still to come, history on the ice. the first nhl player to come out as gay >>> and deals on wheels. you can take advantage of the red hot rk fmaetor used cars "early today" is back in two cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪ ♪ ♪ whoa. here you go. (in unison) thank you mckayla! dude, get it. i'm not getting it, you get it. you threw it. it's your frisbee. geico. switch today and see all the ways you could save. does scrubbing feel like a workout? scrub less with dawn platinum. its superior formula breaks down and removes up to 99% of tough grease and food residue faster. so you scrub less. tackle grease wherever it shows up. scrub less. save more. with dawn. (vo) we made a promise to our boy blue that we would make the healthiest f

enough to protect his lead, and he now only has to cross the champs—elysees finish line with the pelotonnd year in a row. tokyo 0lympics organisers are seeking to reassure athletes and the people of japan that the games will be covid—secure, after the first case of the virus in the olympic village was confirmed earlier today. the officials have refused to reveal the nationality of the infected person, but said it was a games organiser from abroad. meanwhile, athletes continue to arrive in tokyo, which is under a state of emergency for the duration of the event. there was one person in the village. this is the very first case in the village that was reported during the screening test. yesterday, he or she underwent this pcr test, and right now, this person is confined in a hotel. when we have positive cases, to what extent we disclose information is another question. are we going to disclose the name of the country are not? we have been discussing with the ioc, and the ioc says if we disclose the name of the country with high probability you should be able to identify who this person is.

with no race radio and only small teams competing, the peloton didn't realise kiesenhofer had an advantagen five minutes. by the time annemiek van vleuten crossed the line 75 seconds after the austrian, there was confusion as the dutch silver medallist thought she had won gold. so drama there, we also had drama in the pool. a teenage tunisian swimmer, ahmed hafnaoui, has caused a major surprise by winning the men's 400 metre freestyle. it's only the fifth time tunisia has won a medal at the games, so the celebrations for hafnaoui will continue at home in tunisia for some time. a disappointing loss for australia as the world number one tennis player, ash barty, spun out of the first round women's singles with a dismal defeat to a8th—ranked sara sorribes tormo — just weeks after winning wimbledon. the spanish player looked to be in complete shock when she won the match. and in gymnatics, simone biles booked her place in all four apparatus finals, but a series of uncharacteristic stumbles elsewhere meant the defending gymnastic champions trailed in second place behind the team respresenting r

membership, or four-month waiver for free this is peloton's first relationship with a big health planel solomon. >>> here's what's happening at this hour. >>> the free britney act being introduced into the house. it . >>> u.s. climate envoy john kerry calling for china to join the u.s. before the climate summit this fall. >> obviously it's not a mystery that china and the u.s. have many differences, but on climate cooperation, it is the only way to break free from the world's current mutual suicide packet. >> in alabama heavy rains continue to flood parts of the state. the national weather service says parts of alabama got nearly 8 inches of rain over the last few days you are now up to day. sara, back to you. >>> rahel, thank you. >>> blue origin founder jeff bezos blasting off to space this morning. we were all glued to it. morgan brennan was there, joining us can more, on what this flight means for the space race >> they flew past the edge of space that also included wally funk and pays passenger oliver daemon, who is now the younger that piece of the puzzle is particularly in focu

. >> mark, there are people that think that peloton changed the world.f people would rather do it individually. i myself am much more a group enthusiast it makes me work harder. how do you feel about getting people off the peloton and back to where they can compete, of course, you know, fun with the group? >> you know, look, die hard fitness enthusiasts who don't have the schedule, got to do it in the middle of the night, or early in the morning, eventually that becomes stagnant, boring. you want to be in there with the energy of people working out with you alongside you, inspiring you, pushing you and supporting you for me i was always the guy who would work out by myself at 4:00 in the morning by the time i went into the studio, i didn't want to do anything else. >> you should have given me a ji jingle, i'm up at 4:00 in the morning. >> when we opened the studio, people were in tears to be back in the studio and back in the community. they have such a support system. whatever they think their fitness goals are, they're always surpassing them. >> if you

they are saying peloton's next leg of growth will not have as much of the pandemic tail wind so pelotonory with apple. it hit a record high yesterday and will likely again today if these hold up 2% partly because of a bloomberg report that says according to people familiar, they've asked some of their suppliers to ramp up as much as 20% for next generation wireless iphone roll outs in the next year to two years out there. if it does portend a bigger demand, those could make another record the market cap at $2.4 billion >> trying to avoid talking about golf you do know we have a golf channel, don't you >> i did so the producers asked me to send it back over to becky but i'm always happy to talk about golf >> so it is the producers? nbc cover the open on the weekend too. it is important to note that who do you think is favored? >> i got to figure you have folks like john rahm >> two jordan spieth >> he's got to be a fan favorite as well. i'd like to see rory in the mix as well. >> koepka is next. rory, dustin johnson, xander are all plus 1,800 then you get guys like justin thomas and dech

kiesenhofer took gold, she has not had a professional contract since 2017, she raced ahead of the pelotonhan a0 kilometres still remaining, it was an amazing race, and in fact she has a phd in maths from cambridge so very clearly made the right calculations in today's race, a great victory for austria and for anna kiesenhofer. and then we came to the swimming and the men's 400 metre freestyle gold, it was the outsider 18—year—old tunisian swimmer ahmed hafnaoui pulling off a stunning victory in that race, he qualified with the slowest time, he was in the outside lane, went on to win, it was such an extraordinary moment, he was in shock and so was his coach when he finished the race. the bbc�*s africa correspondent told me about what this means for tunisia and more about the swimming sensation. the fact that he has two tunisian coaches, everybody screaming and celebrating him, it's just one half of the duo. he trains and lives in tunisia with his coach and so for him i think it meant a bit more because even for his coach he could see that in him. it's very difficult to get a lot of recogni

instead, a long transitional stage awaits the peloton, 220km in length.ils pollitt after a late solo breakaway. uae team emirates rider tade pogaca maintains his overall race lead. and finally, you might have seen this doing the rounds already on social media but as if englands win on wednesday in their euro 2020 semi final couldn't get any sweeter for english supporters all over the country. imagine how lucky you were if you managed to be one of the 65,000 fans actually in wembley. imagine if you saw mason mount, the chelsea and england star coming towards you and giving you his shirt and look what it means to this young girl. what a moment. so special, isn't it? friday will be a big day for many people in france — as nightclubs will be allowed to re—open. for nearly eighteen months — ever since the pandemic began — they've had to remain shut. but not all clubs will be re—opening their doors. just a warning — this report from the bbc�*s tim allman contains flashing images. back where he belongs, dj vinz behind the decks at le duplex in paris. no—one is d

and after two trips up mont ventoux on stage 11, the peloton gets a bit of a break with a 159km flat winning wednesday's stage and increased his lead to more than five minutes. the slovenian finished fourth on stage 11, which was won by belgium's wout van aert. britain's mark cavendish in the green jersey finished before the cut off time keeping alive his hopes of equalling eddy merckx record of 34 stage wins. you can get all the latest sports news at our website — that's bbc.com/sport. but from me and the rest of the sport team, goodbye. thank you, mark. england are in the final of the major football tournament for the first time in 55 years. they will play italy at wembley this weekend after beating denmark 2—1 in the second semi—final. as you can imagine, plenty of celebrations in london and across england last night. covid restrictions notwithstanding. goodness knows what the scenes actually will look like ever england win on sunday. fingers crossed, forgive me for being biased. back shortly. well, quite a lot of pent—up energy in the atmosphere wednesday afternoon and evening. w

another tour de france winner, i mentioned geraint thomas, but tadej pogacar is well placed in the pelotonr was that thomas and fellow brit tailgate and heart, they are out of contention now because they both crashed, they were on the tarmac earlier in the race. they managed to climb back onto their bikes, with some painful bruises, they are back on but it seems they are too far back to make up their ground. you have to remember that poor old geraint thomas also suffered a crash and missed out on a medal at the last x in rio. —— last olympics. mike, thank you very much. elsewhere in tokyo, our correspondent mariko oi is on the streets of tokyo to gauge the atmosphere in the city where so many would rather the spectacle wasn't happening. well, samantha, last night when we were here for the opening ceremony, this place was jampacked with not much social distancing taking place. as you say, lots of people still queueing up to take a picture with the olympic rings. i think it is fair to say that some people are getting excited. of course, we had those protests as well last night, but here outs

zone trade down, but what are the other -- you know, are we -- the reopen trade, something like a peloton, is that going to be under pressure, if this is really happening? >> not only did the engines of growth, aws as well as advertising, the sales growth there not only beat consensus, but also showed a sequentially acceleration that's important those are the areas that investors are invested for, not necessarily whole foods. how do you interpret this quarter with where the stock is? down slightly, it tells you a bit on the price action i think dan sounds surprisingly enlightened on this. he says a lot of enlightened things, but he sounds like he's saying the sky is not falling. hey, that third quarter, we're about to go into our second covid comp for amazon, and it's not going to be pretty the operating income will be 75 to 80% dead. remember also, the aws wasn't the disappointment here, but in the past, that's really the place where people have been most focused if you're amazon, you can't miss the revenue line, but i think these are great, great times to be amazon. it's not getting wor

privately backed start up, kkr is one of the largest investors, you can think of it as a version of pelotonhat exists solely in virtual environments. emily: bloomberg intelligence believes the market opportunity could be 800 billion dollars by 2024 to you can invest in it through your -- 2024. you can invest in it through your etf. who will be the leading players? >> we can identify a number of companies already better public. those include unity technologies, which is one of the largest cross-platform companies when it comes to game engines and real-time rendering. think of the technology that allows virtual environments across any device, an end point that can be brought to life. we have another -- we have a number of other companies. companies like nvidia, broadcom, the various power companies. we have to think about this like we do the internet. some of the end consumer platforms where the estimate of 800 billion is organized but we have to think all the way down to the companies who produce the hardware we use to access the meta-verse, that compute -- the computer chips. the companies

jeffrey's for example offering sit -- free peloton bikes. them offering expense paid holidays and $20 hour -- time off. rishaad: citi is setting itself apart with a private model -- hybrid model. they have been asking if it is the it place to work on wall street. >> as a wall street banker, you would be pretty happy to work at citi at the moment. not only have they given you this hybrid work policy, they have also banned zoom calls on fridays. there was also a vacation day called the citi reset date. they are hoping that different approach to banks like goldman sachs and morgan stanley will help them attract top staff. rishaad: thank you very much indeed. we were having a look at what is happening with regards to wall street as it tries to recover from the pandemic and produces types of work models. let's have a look at the business flash headlines. you have softbank selling $3.5 billion of notes wednesday. this is the japanese tech giant first that deal since 2019. softbank coming to the market with junk bond debt. robinhood has been hit wi

>> and i think the one thing you look at particular as you sigh zoom and peloton, they had a bit of a zoom got to its highest level since march. seeing that bounce, hearing other people going back to work, are seeing perhaps a bit at the end of the tunnel. i thought the one thing on the buy side that was particularly interesting was airbnb being a buy, a name we don't normally see, you saw the cruise lines had their day, but airbnb was a name that came up. what was interesting is it was driven primarily by our millennial clients, in terms of that particular name >> j.j., thanks so much for joining us good to see you, as always. >> thanks for having me, guys, have a great day >>> a big contract that was at the center of the fight between microsoft and amazon ylan mui has that story for us, wilfred, the official reason the pentagon is for ending the contract is the underlying contracts have changed, but we know amazon fought this decision to award it to microsoft amazon accused move of playing politician, today microsoft threw some shade amazon did not respond to multiple requests for c