peloton problems go far beyond the supply chain.here are issues with pricing and how much the subscription costs. there is competition. there are so many other ones, there is tonal. their product development is taking a long time to answer your question, this solves one of their problems but there are many more to go, it is sort of like whack-a-mole. >> thank you for sharing your insights with us. there is a canoe story doubling in value on tuesday's session. in order for 4500 men who moved the tech orders to the hometown in arkansas. the company wanted there was substantial doubt about the long-term future but not at least some investors seem a little bit more optimistic. coming up, there has been a major slowdown in crypto funding this year. one venture capitalist focus solely investing in the blockchain. this is bloomberg. ♪ as a main street bank, pnc has helped over 7 million kids develop their passion for learning through our grow up great initiative. and now, we're providing billions of dollars for affordable home lending prog

emily: buying peloton or has apple led to ship sale?ark: i think the ship has sailed on apple buying peloton. unless it gets to an absurdly low price and apple finds a way to integrate it, i don't think peloton is necessary to apple. apple could start producing bikes and treadmills at a cheaper cost than what it would take to buy peloton unless there is a fire sale. i think they would rather integrate their features into their existing ecosystem rather than add that expensive business . emily: all right, mark gurman, covers apple and peloton for us. after losing more than one million customers in the first half of the year, the message from flix is clear, it could have been a lot worse. we are going to talk about how netflix tends to cut its losses and if it will work. plus, and e-sports company bates is nasdaq -- makes its nasdaq debut. this is bloomberg. ♪ >> a single thing like stranger things, but we are talking about losing one billion instead of 2 million. in some ways, losing one million is a success. but we are set up very well

emily: will this solve peloton's problems? mark: peloton has many problems.his will solve one of them, the ability to gauge supply and demand and tie it to production. downfall happened after they overestimated demand would continue to occur even as the pandemic slow down. that left them with an overabundance of inventory and nearly cratered the company into the ground. if they had only contract manufacturers, that probably would have been easier to resolve because now they are not owning all that inventory. they are working with a third party and it will give them better supply and demand and allow them to optimize the supply chain. but peloton's problems went beyond the supply chain. there's issues with how much their subscription costs or people even wanting to buy their equipment. there's competition, nordictrack and 70 other companies. there's the question if they are even hitting the market with the correct products. they've been developing a rowing machine for three or four years. their new tv connected device has not gotten off to a start. this solves

alyssa don't make laugh at this whole peloton and remember the outrage that guy bought his wife a pelotonks. the three i think it did work because the peloton app is down right now. so if chris maloney and his nest motivated people. >> dagen: soft and chic on in one of those shots. he keeps his feet from sweating too much and his toe safe but the rest of it was whatever. i have watch the ad way too much already, probably will get a call from a jar like, "what is going on?" [laughter] be when it is genius and ryan reynolds his agency is behind this. if you walk around my neighborhood you might see chris maloney with clothing on filming "law & order." you never know. >> harris: that is interesting, okay speaking of working out healthy living may not be what it's cracked up to be a new poll finds americans following a healthy lifestyle is making them miserable. they were probably hungry. and he say they have been forced to give up things they love to maintain their health. if you 9% say they wish they didn't have to. dr. saphier, they are whiny? >> nicole: i have three children and i can att

me, i think using the peloton a strange at all. oh, yeah.s poking fun, poking fun at himself after saying an interview that he doesn't wear clothes while he exercisesin at home. >> you know what, i don't havesu an issue with this. what you do in the privacy of your own hands. all good. you know, sometimes sit down chairs and stuff like that. >> every picture i've ever seen of you, your in a hot tub.yo so i for probably i think - clothing optional. but yeah, you have to put clothes on to get in the water talking about the privacy. that's not private. we're looking at it. it was a commercial commercialni where you wouldn't do it for charity. >> just no more .o a couple of things. i think it's because peloton is enough. they need something to get people. i haven't touched my peloton because because you're traveling with the people for > the number. so is i don't think it'sin comfortable to work out naked. >>, i mean, you're comfortable with sleeping like i work out naked. i think you got it all wrong. i don't barefoot for good balance but i can

peloton making the change after several months --. 75% this year.t is her latest business flash. alix: this will go a long way in helping build of the cash reserve. it seems they are trying to move people more to a subscription model. they have 2.6 million subscribers. if they can do that, cut their costs there, maybe they have a chance to grow their subscriber base here. guy: what would you want to do right now is you were a company that was struggling? you want to provide as much simplicity as you can. the supply chain looks like a thing to do. why don't you just go with one of them? focusing on the -- side of the business. i appreciate the some technology company -- some technology companies like apple --. alix: how much has the pandemic boost been run out? can we rely on companies of fundamental rather than covid? what would i rather do, and a peloton or go for a nap? coming up, u.s. bank picking on thursday. this is bloomberg. ♪ >> might also think interest rates can go up a couple hundred basis points, and not throw us into a recession. i thin

and terrorism is pelotons from racial justice. >> peloton for racial justice.it's called to the work and anti racist activity book. w. kamau bell, thanks for coming on. >> thanks for having me. >> 100 days to go. we turn next to the key state of georgia from the race for governor and senate. plus, the impact of the states new voting laws. some sad breaking news to tell you about. boston celtics legend phil russell has died. he started his remarkable career at the university of san francisco where he was a two-time all-american. russell also won two straight ncaa championships, and led the team to 55 consecutive wins. he won the gold medal at the 1956 olympics, and for his 13 years in boston he carried the celtics to the endgame finals 12 times, winning the championship 11 times. he finished with 21, 000, 620 career rebounds. until michael jordan's accomplishments in the 1990s, russell was considered by many the greatest player in nba history. muscle tweet about his passing just a few moments ago, thanking fans for keeping him in their prayers. bill russell was

peloton boomed during the pandemic but has struggled when economies reopened.haken up the executive team. shery: we continue to see the strength in the u.s. dollar having repercussions with the rest of the asian currency space. the japanese yen is trading at the 136 level after falling to a fresh low. take a look at the korean won. little bit of strength at the moment. the be ok decision can come out at any time. we are expecting a rate hike, it comes after declines around the 2009 low against the u.s. dollar. we will talk oil, next. this is bloomberg. ♪ psst. girl. you can do better. ok. wow. i'm right here. and you can do better, too. at least with your big name wireless carrier. with xfinity mobile, you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill, over t-mobile, at&t and verizon. wow. i can do better. yes, you can. i can do better, too. break free from the big three and switch to xfinity mobile. so many people are overweight now and asking themselves, "why can't i

>> because peloton has been struggling to say the least.n, sales are down, they are in full crisis mode trying to turn around the company, generate more cash. will christopher maloney's assets be able to do it? i don't know. but he for one is having a moment. remember last summer, guys, he was sort of crowned -- >> i can tell. never mind. >> he was crowned on the internet as daddy and that was a whole thing. christopher maloney is having a moment, his popularity has certainly not peaked, unlike wordle. >> i would just say going back to oz i've been a fan of christopher maloney, that was another example of a show in which the male body was shown off and sexuality was discussed. 25 years later after oz debuted on hbo we're getting another version. he's maybe the only person besides tom brady who actually looks better the older he gets. >> we will have to see if his equipment helps their equipment. >> well said. >> guys, thank you very much. "new day" continues right now. >>> welcome to our viewers in the united states and all around the world

. >>> new this morning, a dramatic step from peloton, the company is slimming down, think it'll stopbikes and treadmills. this is a big move. >> it is a big move, and pelton has been struggling for quite some time. peloton was a pandemic darling car, during the pandemic, a lot of us, look at the stock performance, during the pandemic, a lot of us were stuck in the house, a lot of us guilty estrich, but a peloton but as the world open, we went back to the gym. last quarter sales tumbled 15% from a year ago. so the company is trying to turn itself around but it's clearly proving to be quite difficult. the ceo saying, turnarounds are hard work and we believe however that this along with other initiatives will enable us to continue reducing the cost burden on the business. it's a tough right, no pun intended. >> what are they? the videos and descriptions? >> they do make a lot of their money from subscriptions, the monthly fee that you pay to continue doing it. apparently it's too expensive for them to continue making the hardware, the equipment, so they will outsource that and hopefully

. >> lizzo suiting up to sweat it out at that peloton class. ♪ >>> good morning, america, happy sundaythank you for joining us. one thing that so many people will be talking about today, uvalde, the texas school hathe sin.are expectinvestn to p we'llave coming up. >>> but we start with a massive heat wave that will be stretching into the week, record-breaking temperatures are expected across a wide stretch of the country. >> we're also looking at strong threats of severe weather, some of that in places that have been hit with devastating flooding, danielle breezy from wkrn, our affiliate in nashville, is here with more. >> i want to talk about that extreme heat. out to the west, temperatures today could hit the triple digits, it's not only there, montana, all the way down to texas and oklahoma, feels-like temperatures could be in triple digits and the texas power company asking people to conserve power today, to avoid blackouts. that heat dome expands to the east, lots of folks can set record highs as we head through the next week, and it's not just that, we're talking about the risk o

>> judge jeanine: no. >> lawrence: have not touched my peloton in years.is comfortable to work out naked, it's comfortable to sleep naked, but to work out naked, i think that you have it all wrong. >> tyrus: i can explain not wearing shorts. >> judge jeanine: looking at the feet and out the rest of them? >> katie: i think it is a smart ad, he looks good, you want to look at like that, you have to get a peloton, so it smart. >> judge jeanine: enough of that. >> tyrus: next up, a new poll revealing that americans would trade their insanity, 48% saying a healthy lifestyle has been feeling miserable. >> lawrence: , you are the epitome, mentally and physically. >> lawrence: i cheat on my diet sometimes, but to listen you don't feel good if you don't look at, i think that we have become a society that praises obesity. and i'm not saying shame people, but i'm just saying, it's not healthy. >> tyrus: you can't be a 600-pound fitness trainer, judge, i know that you are miserable, because your diet is 90% oreo cookies. >> lawrence: don't make >> judge jeanine: and p

. >>> peloton announcing it will stop building its own bikes.e exercise company reports it will outsource all of its manufacturing to its partner in taiwan. peloton is trying to reverse its recent slide today's cost-cutting move comes after the company cut jobs, slashed the price of its bikes and increased the fee for monthly subscription peloton stock up nearly 4% on the news. >>> and heated seats, a basic feature for most luxury cars but bmw wants their owners to pay for a subscription to turn them on it's rolled out in the uk, germany, south korea and other markets. a one-year subscription, about $180 no word whether it's coming to the u.s. >>> on wall street, the dow down 193, s&p down 36, the nasdaq down 108 >>> i'm shepard smith on cnbc. it's the bottom of the hour, time for the top of the news a major development in the scandal of south carolina attorney alex murdaugh the murder charges expected to drop and why >>> new images from the far reaches of the universe. what the james webb telescope has delivered. the nasa administrator, bill ne

peloton says hopefully this helps alleviate the cash burden on the business.turn around. of we'll see if they can get one. if you had your eye on a new apple watch, maybe a generator, new pair of sneakers or maybe just some paper talls, because they cost an arm and a leg in this day, today might be the day for a pretty steep discount because it's amazon prime day. we're going to take a look at the online retail giant's annual event and tell you if it will even pump up the stock which is down more than 30% this year. let's check the markets, they too are down, the dow off 180, nasdaq falling 123 points, it is the worst decliner, down 1.1% at this hour. we're coming right back. ♪ ♪ i love all types of dancing... salsa, and even belly dancing! i am a triathlete. i've always been into health, and wellness, and fitness... i tried everything with diet and exercise, and nothing worked. there was just kinda this stubborn area on my stomach. but coolsculpting worked for me! coolsculpting targets, freezes and eliminates treated fat for good. no needles, no incisions. di

after the break, peloton with some changes to its business model.ails next we're back in two. only at vanguard, you're more than just an investor you're an owner. that means that your goals are ours too. and vanguard retirement tools and advice can help you get there. that's the value of ownership. finding the perfect developer isn't easy. but, at upwork, we found her. she's in prague, between the perfect cup of coffee and her museum of personal computers. and you can find her, and millions of other talented pros, right now on upwork.com millions have made the switch from the big three talented pros, right now to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. with xfinity internet, you g

we're seeing a bit of a pickup in activity for certain stocks peloton is one of them down about .75 ofcompany that makes the training for fitness, they're going to outsource the bicycle and tread process to a manufacturer based in taiwan peloto peloton shares, watch peloton shares on that bit of news that they are going to get out of the making of exercise bikes and outsource that process and then a smaller cap libertarian vehicle maker. this is a $600 million market cap ticker it's c noo. walmart just inked a deal for delivery vehicles. that is why you see canoo's shares up. a company that's going to be worth a lot more if these gains hold but a lot driven on that big deal with walmart, because walmart wants to go carbon free by the year 2040 >> looking at these canoo trucks they're not riffian. riffian has that deal with amazon >> i've seen riffian. those are nice-looking cars. >> i've seen some of those on my streets in my town. >> they look like gordon >> you don't think that's a cool-looking truck >> no, they make me laugh when i see them they look like they have a face. they look

peloton says a company in taiwan will become its primary manufacturer and peloton will shut down itsfacturing through the end of the year. which experts say is a sign that there has been a slowdown in orders. amazon prime day is well underway. now the two day event is seen as one of the biggest shopping holidays of the year. joining us now. dan ackerman, who's the editorial director at cnet. good morning. thanks for joining us, dan good to be here. how important is prime data? amazon? you know, amazon has really been able to carve out a rather unique each for itself by creating this summer holiday, and certainly we talk about it every year, and, more importantly than that, they forced all their big competitors, whether it's target or best buy, or walmart to have similar sales at the same time that they don't call prime day, obviously, but they're clearly following the law. yeah i know. you know, we'll talk about the other big box retailers and what they're doing, but let's focus on on amazon for one more second. i know senate is live blogging some of the best deals. i've heard people

>> peloton could be of interest to both companies.ifference i see with amazon is they could do something in actual health care services and the livery because they are not afraid of low-margin businesses. when you look at big tech competitors, they are used to large software margins. apple is hardware at its core. amazon is a supply chain and logistics company. amazon has the biggest promise of all the big tech companies to do something very real. you mentioned haven which is a great point. that was not successful venture. they teamed up with two other big employers to do something in that space. when i was back at csn bc -- cnbc and this was unveiled, it was thought that the real health care push would happen behind the scenes and that's exactly what is happened. emily: interesting to hear your perspective. for joining us. coming up, the energy crisis in bitcoin mining. we will talk to abut -- a mining giant about why it had to dump most of its bitcoin holdings last month. that's next. this is bloomberg. ♪ ♪ ♪ it's electric... made e

peloton boomed during the pandemic. it has struggled as economies reopened.y more to come on daybreak australia. this is bloomberg. ♪ this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >> clearly the energy crisis. >> and divergence between the ecb and the fed. >> the dollar is the risk parity as set. -- asset. >> there is not a big trigger you can see and turnaround. >> a shift from the fed and the change in the energy dynamic. >> it will add another way to the u.s. earnings season. >> a lot going for the dollar at this point. shery: we continue to see safe haven flows mentioned. the spring in annabelle. -- let us bring in annabelle. >> we get the cpi read later today. the fastest inflation or the highest inflation with expectations of 8.8% on the year. we are already hearing policymakers express their support for an outsized move. investors weighing i

emily: buying peloton or has apple purposely let that ship sale?i think the ship has sailed on that. unless it gets to an absurdly low price and apple finds a way to really integrate it. if apple wanted, it could produce bikes and treadmills at a far cheaper cost than it would take to buy peloton. i also think they would rather integrate their preachers into their existing ecosystem rather than at that -- add that really expensive business. emily: thanks, mark. after losing more than a million customers in the first half of the year, the message from netflix is clear, it could have been worse. how netflix plans to cut its losses and if it will work. plus. the e-sports company faze clan makes its market debut. the ceo will join us next. this is bloomberg. ♪ as a main street bank, pnc has helped over 7 million kids develop their passion for learning through our grow up great initiative. and now, we're providing billions of dollars for affordable home lending programs... as part of 88 billion to support underserved communities... including loans for s

going down into the final 60 kilometeres and denmark'sjonas vingegaard crashed in the middle of the peloton catch up to the rest of the pack and maintain his oveall lead over tadej pogacar. phillipson claimed victory in a manic finish —ahead of wout van aert and mads pedersen. the finest of margins splitting the three. great britain's katrina johnson thompson is in action in the women's heptahlon looking to defend her crown at the world athletics championships in oregon. starting in lane 2 here, the world champion — who has had difficulties with injuries and changing coaches since her gold in doha in 2019 — put in a season's best in the 100 metre hurdles — but it was only good enough for 5th in her heat and 13th overall. next is the hithump then shot putt, with 200m to round off her day. the first medal of day three went to ethiopia's tamirat tola as he claimed gold in the marathon around 0regon. tola broke away in the latter stages to win a first world title — and set a championship record of 2 hours 5 minutes and 37 seconds. he finished over a minute ahead of countryman mosi—net gere—mew,

stuart: if i were to go to a garage sale and there was a peloton in the driveway and i bought that pelotont for them, could i buy it and program it for me? susan: yes. you have to sit up your own user interface. is that a hint that you want a peloton? stuart: no, it's not. susan: i'm taking it that way. monthly installments? stuart: show me gamestop, this is susan's not exactly favorite, but it's a big deal. they are up nearly 10 precisely because of -- 10% because they've got a 4 for 1 stock splits. susan: right. amazon did it, shop pie, google upcoming -- shopify. so gamestop is trying to revive retail investor interest somehow, and as you know, stocks usually rally into the split. gamestop is down 20, so i wouldn't say it's underperforming, it's pretty much in line with the with the broader market performance. it'll happen at the close of july 18th, you'll get 3 additional shares for every gamestop. stock, and trading starts on july the 2nd. -- july 22nd. i also want to bring up chip makers. nvidia and the like all upped today because of samsung actually putting in numbers that weren't

peloton higher on news it will outsource all manufacturing of its products, and southwest higher on an a 23% upside in shares here to help us trade them all is eva atos. welcome. let's kick things off with the gap which to me has been a terminally troubled company over the past decade. >> yeah, i agree it's a sell for us it's in the news with their ceo departing within a year, that's not a surprise to us because they're underperforming. gross margin is dropping, ebitda margin is dropping they have the worst revenue margins in the sector and that's a company that saw a 50% increase in their inventory. that's why the economy was good. we're very concerned what's going to happen to them. in an economic slowdown, will they have extra pressure on their margins and further markdowns. >> well, speaking of potential big changes in a business model, how about peloton, where now they're outsourcing the manufacturing? >> yes that's a sell too for us that's because out of the 56,000 global publicly listed companies that we're tracking, this is one of the worst, if not the worst example of corporat

. >>> let's get a gut check on peloton. barclay's saying the stock is too cheap to ignore at this point, with peloton down 90% over the last 12 months, shares trading at below two times subrevenue, they think the stock may finally be nearing a bottom. the risk/reward here is attractive and they would add to positions if shares extend their losses post-print, as it could be another de-risking event, julia. >> let's turn to netflix the stock is the biggest laggard on the s&p, down almost 70% year-to-date, ahead of its earnings, this afternoon, netflix is fighting an uphill battle it guided for a subscriber loss of nearly 2 million accounts in q2 we will see in just a few hours whether that prediction was conservative or if the situation is even more dire than the company warned joining us now with his outlook on media and gaming and the metaverse is former amazon's studio head of strategy and author of the new book out today called "the meta-verse and how it will revolutionize everything." matthew, congrats on the book. today

roads. >> reporter: -- these riders will give it all they've got these next few days as the women's pelotones history. >> i do think there's so much camaraderie not only within our team but within women's cycling. even if we're competitors on and off the bike, it's still so supportive. w're also fighting for this goal of progressing women's ycling. >> reporter: riders will start the first stage of the race here at the eiffel tower before making they way down to other parts of france. the women's tour de france hopes to be back every year, guys. >> ines, you got quite the view there. we're marveling over it from here in new york. thank you. >>> still ahead here on "gma," royal victory. prince harry scores a win in court against the british government. where his case over personal security goes next. >>> and back-to-school savings, what you can do now to avoid the inflation bite as you stock up on those school supplies. >>> and comic-con makes its return after two years due to the pandemic. we're there with tens of thousands of fans getting a sneak peek of what's ahead in the superhero world.

christophe laporte held off the peloton to pick—up his first grand tour stage win and his team's fifthto secure the overall victory in tomorrow's time trial. britain's geraint thomas remains third overall. brooke henderson became the first lpga player to card successive rounds of 64 in a major — to take the lead at the evian championship at the half way stage. the canadian made eight birdies on day two to move to 1a under par — three shots ahead of the us olympic champion nelly korda. the best british player so far is charley hull on seven under. arsenal have signed a second player from manchester city this summer — this time ukrainian left back — 0leksandr zinchenko. the 25—year—old, who plays in midfield for his country, has signed for 30 million pounds on a long term contract. zinchenko said it's a boyhood dream come true because he was a massive fan of arsenal as a child. sadio mane has told the bbc that he left liverpool because he needs a new challenge. the forward, who was yesterday named african footballer of the year, joined bayern munich last month after six seasons at anfiel

stage 5 will feature sections of cobblestones over 157km which could prove a test for much of the pelotone rest of the team that's your sports news for now. not quite, tulsen. thank you, though, but we have more sport in our business coverage. more sport in our business coverage-— more sport in our business coveraue. ~ ., ., ~ ., coverage. we will look at the sponsorship _ coverage. we will look at the sponsorship and _ coverage. we will look at the sponsorship and commercial| coverage. we will look at the - sponsorship and commercial side of that football tournament. let's go back to our top story now — we saw the reaction in the newspapers here in the uk — earlier in the programme, but how is the latest crisis being received by the public? our correspondent danny savage found out in the conservative seat of harrogate. after today's political events, you might fancy a drink. at this beer club in harrogate tonight, they were fully aware of what has happened. this is a town with a tory mp, where neighbour rishi sunak�*s do you think this damages the prime minister or do you think he will c

christophe laporte held off the peloton to pick up his first grand tour stage win and his team's fifthpected to secure the overall victory at tomorrow's time trial. britain's geraint thomas remains third overall. day eight of the world athletics championship gets under way later today. world athletics president sebastian coe has been speaking to the bbc on the impact of climate change at future athletic events. climate change is with us, it's not going to disappear. even some of the more visible targets that have been set by governments won't make any difference. we have to recognise that we may have to do things in our own way to protect the athletes from heat conditions. sadio mane was crowned the african footballer of the year this week, for the second time running. the forward scored the winning penalty in senegal�*s africa cup of nations final to lift the trophy for the first time. he's been speaking to the bbc about his club career, and particularly his reasons for moving from liverpool to bayern munich. i spoke with the coach since a year ago, and i talked to him about it. for m

in the final 60 kilometeres, jonas vingegaard crashed in the middle of the peloton, the overall leadery in a manic finish ahead of wout van aert and mads pedersen. the finest of margins splitting the three. that's all the sport for now. it's not every weekend you bump into a hollywood star. but that is what happened in gloucestershire when tom cruise was seen challenging his top, maverick character at a local ayrshire. rumour has it he will be in the uk for a while filming a new mission impossible. —— his top gun maverick character at a local airshow. hello. exceptional heat is forecast for many parts of the uk in the days ahead. the met office has issued a highest level red warning, as it's anticipated the heat will cause problems with infrastructure and will have impacts on health. in the left—hand column, the currently held national records of temperatures, in the right—hand column the forecast highs for monday and tuesday. where is the heat coming from? well, it has originated from spain. backstage we have seen heatwave conditions there for the last week and it is a southerly air s

i think some of the names that were benefiting from staying at home like peloton, they will have a tougherattle ahead of themselves. i view crypto similarly to a super aggressive growth asset, i would compare it to what we are saying in the nasdaq but with more volatility. weight so crypto up to 20%. -- we saw crypto up to 20%. a volatile world where you have these digital tokens the represent ownership or a block to technology that is creating peer-to-peer transactions. cryptocurrency plays a big part of that. whether it is the different countries, they big platforms, they will eventually play out. we are in it crypto area, -- we are in a hebdo area. i am comfortable taking smaller positions. heidi: always great to talk with you. you can get a roundup of the stories you need to know getting -- to get your date don't edit your addition of daybreak. you can go to dayb . get the industries and assets that you care about. this is bloomberg. ♪ shery: let us take a look ahead. following the rb i's rate hike, three of the big four banks including jp morgan and amp capital tipped a third and

out the entire book -- and tardy of that virtual set and reshoot it and make it available on your pelotonvideogame console in virtual or augmented reality. that's a way we will start to see in attainment change. talking about the idea you might be able to just play games on the smartphone. emily: netflix earnings are coming up. we've been talking about the success of "stranger things," and what would you bet is going to happen here? are they going to buck the trend that we saw earlier or will we see a slow degradation in the number of subscribers for a while? matthew: it's clear by all benchmarks that stranger things season four was as accessible -- third-party analytics show some are weaker than we hope for. one company shows that netflix ranks second last in terms of subscriber retention after 30 day sign-ups. there also at a four year high for the oversaw -- overall services term of retention. even if it was a strong quarter for ads, the elevation will likely be offset. emily: lord of the rings, the new series, jeff bezos tweeted out the trailer last week. you think it will be a megahi

wright still had a chance of glory as the race headed for lausanne, but the peloton were closing in.low jersey was among those going for it in the bunch sprint — but wout van aert demonstrated why he's wearing the green of the best sprinter, his second win on this tour. but there are time bonuses on offer for the first three to finish — so pogacar gained four seconds on his rivals, which will come in handy as the race heads for the alps tomorrow. so let's recap today's top story and there is a new name on the wimbledon trophy. elena rybakina did it the hard way. she came from a set down to beat tunisia's 0ns jabeur in the women's singles final on centre court. the 23 —year—old giving kazakhstan their first ever grand slam winner. that's all from sportsday. we'll have more throughout the evening. we've seen more in the way of cloud. for england and wales, lots of sunshine but because of a gentle north—westerly breeze, temperjust a date not quite as high as they were yesterday. you can see when most of the cloudless theme today. a lot of thatis the cloudless theme today. a lot of that

peloton up a whole 1% after saying they were going to move their manufacturing of their bikes and otheries to other partners and not make it in-house. american express -- and jon, this goes to a store you're talking about -- morgan stanley downgraded their expectations for the company because of consumer spending and a pullback away from oil and gas. that bank of america report you're talking about, about card spending. jonathan: a ton of price target cuts. lisa, thank you. tom: what did betsy do? jonathan: cut price targets on a ton of financials. still priced in with the price targets at the moment, some decent upside for some big names. building on what lisa said on the consumer situation, the new york fed put out there june consumer expectation survey and short-term inflation expectations are up. medium-term are down. home price expectations are lower, spending expectations are lower. just across the board, not what you want to hear. tom: extraordinary to see on the amazon prime day, i'm looking at solid bowties, down for to -- down 27%. kathy jones with us, chief income strategist

. >> greg: he could be a peloton instructor. he can be a tad melodramatic.e he's auditioning for a starring role in the high school version of "the music man." please not done. compared to the squad, the dude is einstein. that's because unlike them, his head is only three quarters of the way up his butt so he is getting some oxygen. i like for what he said on monday. >> here is that a confession. i've been running for almost seven months straight but my weight has been going up and down. you can't out run a bag of oreos. you can't out run a late night hunt of -- pint of vegan ice cream. i am challenging myself and i want to challenge you, if you want to join me on this experiment, lif not to try new things. from july 4th to labor day, i am getting -- giving up all added sugar in drink and food. >> greg: you can't out run vegan ice cream. oh, man. i think we have found our next thomas jefferson. finally, a democrat who addresses something real. not some [bleep] virtue signaling. he is talking about sugar which leads to obesity which leads to death or worse, 8

we have to build a time machine and go back in time two years and invest in pell o ton because its peloton t is going to blow up when the pandemic hit, mawk a lot of money. what are we supposed to do with this information now, what will we do with that, it cames from the wuhan market, i'm in the buying my groceries there any more. cancel instacart order. and finally the jackpot for the mega millions lottery is now sitting at over a billion dollars. (applause) billion. which is like a week's worth of gas. and just by the way, just by the way, can i just say how i love how people hate paying taxes but if you think about it, a lottery is really just taxes. right? we all put our money into a thing and then it goes to someone. and everyone is like yeah, this is fair, this is fair. but if you say to everyone let's take that money and put a billion dollars into schools everyone is like taxes are bullshit. i don't want to pay tax, all right, let's puts our money, one person gets it, this is great, this is fantastic, this is a fair strnlings i don't know why we don't all do t actually there is anot

they left the peloton on one of the corners of the slovenia herd and the rich man lost his balance, fell to the ground and lost time. her danish cyclist. we have a wingert he assessed the situation , spared the speed, waited for his opponent. after that, they shook hands right on the move and continued to fight for victory at the stage. that's all about sports for now, see you next hour. the fan card is a new digital service for safe and comfortable attendance at football matches. the card number is needed to purchase tickets and season tickets. you can apply for registration from july 4 on the public services portal this summer, the service will be launched in five cities, yekaterinburg, samara, nizhny novgorod, rostov-on-don and sochi get a fan card and support football. well, now the situation with natural fires in russia during the day, air guard specialists extinguished 26 fires as before, the most difficult situation in yakutia is help from nature. there is no need to wait, according to forecasts, hot weather will continue in the republic at about plus thirty , most of the outbreak

peloton is taking one of the most dramatic steps yet to symbol phi operations and reduce costs.hey will quit building exercise bikes and treadmills at its own factories. partners will no handling -- will now handle the manufacturing. the company cut nearly 3000 employees earlier this year. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ how will your business adapt to change? you could hire an office full of peyton mannings. what's up, peyton? good morning, peyton. hold for peyton. they'd huddle.... welcome to the peytonverse. such a visionary. game plan... you go. no, you go! and call audibles... double our investment in omaha! omaha! omaha! omaha! or you could use workday. omaha. the finance, hr and planning system used by over half of the fortune 500. for a be-agile-like-an-mvp world. workday. for a changing world. >> we've taken commodities down sharply, oil down 25 box and discretionary has given us nothing. this idea that some pause in crude

wright still had a chance of glory as the race headed for lausanne, but the peloton were closing in. bunch sprint — but wout van aert demonstrated why he's wearing the green of the best sprinter, his second win on this tour. but there are time bonuses on offer for the first three to finish — so pogacar gained four seconds on his rivals, which will come in handy as the race heads for the alps tomorrow. that's all from sportsday. we'll have more throughout the evening. it is going to get hotter across england and wales in the next few days. in northern ireland and northern scotland you will see more on the way of cloud. england and wales, lots of sunshine. because of a gentle north—westerly breeze temperatures today are quite as high as they were yesterday. you can see where most of the cloud has been, actually, today. a lot of it is out in the atlantic where we find these weather fronts. in the atlantic where we find these weatherfronts. at in the atlantic where we find these weather fronts. at the in the atlantic where we find these weatherfronts. at the moment, though, it is high pr

peloton boomed during the pandemic but has struggled as jim z economies reopen -- as gyms and economiesbal news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani: thanks so much. coming up on the program, u.k. politics and the economy in focus. we are going to have gdp figures out at the top of the sour -- at the top of this hour. this is bloomberg. ♪ >> there are more options on the table. those options can go both ways. we have had no growth effects with gdp. but very good growth overall. i reject the notion we have some aspect of domestic -- what we have had as a series of very big supply shocks. manus: a very british affair, governor bailey of the bank of england rejecting the notion that the bank of england stoked domestic demand. if it was not the bank of england, i wonder who it was. five rate hikes, 5.25%. he is broadcasting and making sure we all know he is ready to do more. dani: we have heard this across central banks. i do wonder when or if the tone will change. like t

companies like coca-cola, comcast, nbc, gatorade and levi, microsoft, nikkei, papa john, paypal, pelotonuld use the profits to fund the very organization, black lives matter, that is calling the police to die." peter retired nypd sergeant joins an. how much of the coalition is there in your mind between blm was not quite right, which is obviously very corporately sponsored and the war on cops? >> you see eight day in and day out. police officers out there being vilified for these nasty expletives and calling for the deaths of uniformed members of the service and its wrong. we see the amount of violence that has been happening in these communities, especially our communities with minorities, shootings, robberies, things like this. it's such an influx in this community and it all stems upon this black lives matter having this type of rhetoric against us. >> carley: in the summer of 2020, the list of companies that were supporting black lives matter was longer than the list of companies that want. what was that experience like for you, now two years later, what's it like knowing that commun

yesterday france's christophe laporte held off the peloton, to pick up his first grand tour stage wind three minutes 26 seconds clear of pogacar. the 2018 tour winner geraint thomas should finish third overall, yeah, really satisfying, especially to prove a few people wrong, you know, i think after the past few years people thought i was done almost and finding a new role in the team, which i'm happy to do as well in certain races, but i have always said i always wanted to get into my best shape and see what happens to me. yeah, really satisfying to be right up there in the mix. there a bezzy afternoon coming up you can follow it all on the website. that tour de france time trial. the qualifying of the french grand prix and athletics highlights as well. you can see more on all of today's stories on the bbc news channel. the next news on bbc one is at 6.25. bye for now. hello. you're watching the bbc news channel. let's just bring you up—to—date with some of the stories you may have just been seeing at there. we will return to the situation in dover, which is ongoing, although things d

so he was one of the guys on the lance armstrong peloton, remember the postal service sponsored themr eight tour de frances in a row, it's the inside stuff about all the doping. the blood transfusions, the pills, the shots and he takes you through the nitty-gritty of it and what it meant at the time. it is crazy. and i don't even like riding bikes. i don't cycle. i don't do any of that, but this is crazy if you like sports or anything. read this book. let's do text. brent come up with a tough name from orlando is there anything left in biden's tank? of course not, he can afford to fill it up. very good. mike from yonkers. let me get this right, merrick garland wants to send trump to jail but not hunter biden? what a world. apparently that's what it looks like. and the country is not going to stand for that. bowen from new mexico, your french needs a little work. just saying. i know. i took spanish in high school, you guys want to hear my spanish? just kidding. that's all for tonight, dvr that show "tucker" is next, remember that i am watters. and this is "my world." ♪ ♪ >> tucker: go

but there are some interesting -- peloton have a really good return policy.it, they come and pick it up, 90 days you can ride it. i did this as they are leaving with it, your [bleep] twitter. keep it. but you know, some stuff, in the article, it made sense, things you can't resell, you might as well keep them. whatever, clothes, you don't want to buy -- i bought a pair of yoga pants that clearly someone else's junk was etched in there. i will tell you something, every time i put them on, i felt bad about myself. [laughter] >> greg: that is a sad, sad story. that is what happens when you are divorced. >> i guess so. >> greg: buy used yoga pants off craigslist. most people do that but they do not -- i don't know what i mean. coming up, can a vaccine keep you hearty for your next ♪ and party every day. ♪ ♪ i want to rock and roll all night ♪ applebee's late night. because half off is just more fun. now that's eatin' good in the neighborhood. my name is trisha. ni'm 70 and i live ind mill valley, california. my biggest passion is gardening. i love to be outdoors.

consumers when you saw covid, fears move away, the economy reopen, speier hose effect, similar to peloton on the positive side, speier hose effect with vacations, going out to restaurants, going back to malls and buying, then the consumer got rid of the emotion, said i'm left with big bills while wages have gone up somewhat and the jolts, jim, is not new news, 10 to 11 million job openings going forward, but we are seeing job cuts by some of the biggest, profitable companies out there. overall, it continues to be a bad story. here's what i say. look, some buyers are not the asset allocators so the equity manager is if i came on the show and said i bought this brand new car, going to leave it in my driveway three years, and i bought it, despite knowing the fact that the price of cars will come down because incentives will reappear, he would say you're out of your mind why are you buying a car you won't use three years. i pause at this. why are you buying stocks when you have to say in two years, three years, they'll be good buys why not wait and stay in cash as most people i know that have

. >> so you've studied and covered a lot of these names during the pandemic the pelotons and docusignse ones that had such a big surge who has taken the opportunity of the market downturn to really reposition the business in a way that investors can like? because so many of those names are thought of now to be one-hit wonders. >> it's such a good point, sara. i would say that what they pride themselves on is being so-called best of breed. so they do something specific very, very well, like a snowflake. it does data analytics and it's tried to broaden it out. you've got a name like zoom, that's seen as a missed opportunity. these names are left being one-trick ponies at a time when some argue that companies, enterprises wanting to go with suites and more complete picture like a microsoft or alphabet so how are they going to be able to you take docusign, its ceo stepping down to let swuomeone else figure that out are they platforms or products that could be absorbed and used in a bigger company. >> the ark innovation etf is up 7% right now it turned positive this morning. let's check on

christophe laporte held off the peloton to pick up his first grand tour stage win and his team's fifthy at tomorrow's time trial. britain's geraint thomas remains third overall. well, on sunday, as the tour comes to its conclusion on the champs—elysees, the eight—stage tour de france femmes will be underway. it's the first time in more than 30 years that an official women's tour de france will be held. zoe conway has been looking at the history of the sport and the long fight for female cycling to get the credit it deserves. alfas some of the whelp is �*s greatest ever athlete you have probably never heard of, the female cyclists who have for too long felt unrecognised —— some of the world's greatest ever athletes. perhaps that is about to change. irate athletes. perhaps that is about to chance. ~ . . athletes. perhaps that is about to chanre, . , ., ., . ~' athletes. perhaps that is about to chanie, . , ., ., . ~' change. we shall tackle the most challenging _ change. we shall tackle the most challenging bout, _ change. we shall tackle the most challenging bout, defy _ change. we shal