amazon, apple, would they ever buy peloton? i do not think so, they wouldn't be buying the family hardware business. amazon maybe for prime. but i think netflix hasn't done a good job in expanding the encore content, failing at gaming. they should probably try to get into music as well, but fitness could be a big way to lock people into netflix subscriptions. emily: looks like some ceo's have some consulting to deal with. mark gurman. mark, always appreciate you stopping by. coming up, self driving technology getting more scrutiny from around the world. we talk about the challenges with one of the leaders in the industry. this is bloomberg. ♪ xfinity rewards is a program whose sole purpose is to say "thank you" with experiences big, small and once-in-a-lifetime. sometimes it's about cheering hard enough to shake the stadium! sometimes, it's as simple as movie night right here at home, on us. you mean the world to us. so we're bringing you closer to what you love. kinda like this. welcome to 30 rock! join xfinity rewards for fre

peloton. let me take you on a wild ride. down 16% after the company said revenue in the last three months of this year would be between 700 million and $725 million. below street expectations. the chart tells the story, closing up 8%. that's up a hill climb. you know, even more impossible than some of the hill climbs in the peloton classes you and i have been taking in the last few years. astonishing story. breaking news after hours with yes, more names freezing advertising. general mills, howdy, pfizer, all pausing their twitter at. little reaction in the stock listed shares of those companies. this report last week from bloomberg that general motors paused ads on the platform. l'oreal had issued a statement that they had in fact cause after the pole overnight from the times said they did. either way i advertisers are trying to work out what's going on inside of lawn musk costs twitter. emily: lots to digest their. i want to dig into the layoffs happening at twitter, elon musk planning to lay off 3700 people, half the curre

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we will also ask max how long peloton's woes will be affirm's problem. yeah, peloton of all places. "claman countdown" is just getting started. dow jones industrials down 498. we are back in a minute. ♪ ♪ i may be close to retirement but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. voya. be confident to and through retirement. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire various voices: we get to celebrate being together. tell a joke, share stories. what everybody has done over the past year. the togetherness of that moment. just really celebrating each other. ( ♪ ) oh, there you are... you know, cath, with chase freedom unlimited we can cashback on all our holiday shopping. earn 3% at drugstores! i'll be at checkout. you bring the card. wait - i'm paying again?! earn big time

peloton down 92%, roku, 86%.an go all the way down the list, look at zoom video, etsy, netflix, chewy, crowdstrike. you can see them all down very big here finally, one of note, a lot of people talking about retests of the lows the nasdaq is only 3% from a 52-week low, so that's not a very big call. s&p 500 is 5% to 6% above the recent highs -- lows we saw. david, back to you >> thank you, bob. yeah, not far from them, as you say. though again for today's session at least, off those lows as well make sure to join us tomorrow on "squawk on the street. we'll have richmond fed president tom barkin with us that does it for us. "tech check" starts now. >> good thursday morning welcome to "tech check." i'm carl, with jon fortt and deirdre bosa today, the fed raising rates for a sixth time and no signsthey're stopping any time soon. what that means for the mega caps later on this hour. plus, more on the consumer as names from qualcomm to peloton slump on disappearing demand, and a look at the key tech names poised to be

if you strip out peloton, the growth numbers tend to look better that would be closer to 40%.entration begins deconcentrating in the back half of this year it's down from about 18% a couple years ago, and then there's interest rates he called that an undeniable headwind the peak rate has moved 150 basis points since the last guide. he says the near-determine dead market makes it difficult. the call is going on now, saying they're seeing low levels of delinquencies, which is a bright spoismt the the buy now/pay later company also affirmed it's profitability goals. that woven be until fiscal 2024, though >> they're throwing that "d "deconcentrating" word around. the forecast for the one partner is not great, so it's got that and the head wants -- >> and the peloton partnership tends to bring in a high credit quality, higher net worth customer that tends to be more profitable, so it's a strong partner for affirm in the good times, and that was seen as a bright spot for a long time, but they're trying to move to the revenue concentration. even though it's a small part of the gross

peloton, interesting. was at home fitness equipment that does well, at one point up it .8% but pared those gains. adobe analytics data is where i want to go. this is a third-party measure of how things are going this holiday shopping season. for me, the psychology about when, which day do you get out your laptop or go on your smartphone and buy something? according from this data it is very much cyber monday. that is one across the holiday shopping period, it's an individual day they expect $11.2 billion to be spent. thanksgiving day comparison, black friday, it seems like consumers need a few days to get over there turkey and get out online to buy some deals. this year relative to other years, let's look at 2022 and where we are headed. we do expect growth. across the holiday season, e-commerce spending in the u.s. is on track for $210 billion, representing 2.5% gain on the holiday season in 2021. but i find that fascinating because it is still growth at a time where we are really worried about a slowdown

assembly is only available for the original peloton bike on amazon.t get a discount on the bike. if you are not a diy person you can opt to have that bike assembled. do you have to pay for that? reggie: i think it is still included. you people who want to put together that bike? kumasi: why. reggie: a battle of the gingerbread houses but make it pop tarts good when you $15,000. pop tarts has an off market zillow listing to give you inspiration for their creation. you can use their newly available gingerbread flavor. pop tarts will pick one lucky winner from those who post their creations to instagram or twitter if twitter continues to exist. the company hopes the $15,000 will go to someone's real-life dream home. what will last longer, this pop tart creation or twitter? i think that is the question. lisa: it is like the lettuce. they can last a long time. reggie: hard to tell it this point. how are we doing this weekend? lisa: i got a look. we will watch the wind at the relative humidity will drop. back to the offshore event. reggie: stop looking at h

etsy caught fire the usually stocks, zoom, peloton, this continues to be strong this day. i dislike the retail stocks, online retail for ruoughly a yea now. at this point, i like a group again, as business never got soft the comparison is too difficult. that's over. we'll have instant cyber monday sales figures tomorrow comparisons will be good etsy or shopify, a cramer fav, lululemon, starting after the close tuesday. we hear from creative companies in the area i'm most concerned about in the entire stock market i think it's the weakest and remain the weakest workday has been taking share of human resources and financial planning it could be tough for them to top the last quarter and crowd strike when it comes to cyber security, palo alto pivoted from pure growth can crowd strike make the same pivot? be interesting to see. next, we only have one major fed event this week. jay powell speaks on wednesday i think he'll obfuscate. i don't mean that in a mean way. there's an unemployment number on friday, and it might be difficult for him to talk about what he wants to do. tha

plus, more on the consumer as names from qualcomm to peloton slump on disappearing demand, and a look at the key tech names poised to benefit or take a hit as rates go higher along with some of today's big movers there are plenty of them >> plenty. we'll kick it off with a look at big tech the faang plus index losing all of its gains since july on the heels of the fed's fourth 75 basis point hike in a row. amazon down 11% this week, as we talked about losing the $1 trillion status. apple, microsoft, also down big this week. while many expect more big rate hikes to come, tech naks are taking the hits. they're tightening their belts there's been almost 10,000 job cuts in the sector for october alone. a slew of names continuing to cut guidance as they report. qualcomm, roku, just to name a few. only in the last 24 hours speaking of layoffs, it was strike this morning. still a private company. really known as a darling here in silicon valley, and a note to staff, the ceo pointed to big tech earnings last week as evidence of all these macro factors that they're feeling in the private marke

okay so i saw two tvs there for sports peloton of the seventies ever toaster. i feel like like, not much has changed ahead of their time. it was kind of amazing how simple everything was back then. really? i mean, beautiful but simple. you know, in a lot of ways, the white house kind of, you know, stayed the same. not many changes. it's so cool to open up the vault and look back on that barbara walters winter storm kit flexible because it works. it is time now for this happened, starting with the real life force. gump run, forrest run! it's happening. pottsville arkansas possible. police are sharing this video of a traffic stop and then man jumping out of this car and just darting into the street in the nearby field. but it's his run for me that does it and he throws the bag and then the officer says, keep running as a man's prints away. the driver eventually got a warning for the stop. police say they don't know why he ran. there was nothing illegal in his bag. they weren't even looking for him the way in which he runs like a mix of i don't know. napoleon dyna

>> he died on a peloton. >> greg: he died on a peloton that was sex in the city. what's going on here. >> i've also never seen sex in the city. >> greg: oh, it's fantastic. >> great. desantis didn't say anything about this yet. i hope he doesn't. it's great that he just doesn't say -- he's like, whatever, i'm busy. like he's too busy. you know? okay, that's fine. and people -- i love people were getting mad tweeting about it saying okay, this is so horrible to say about desantis and you keep watching and it's actually against trump. it's the series finale of the show so the show is done. >> greg: yeah, it's over. >> got me to know what it is right in the last second. >> greg: exactly go back and stream it? >> no. >> greg: no what do you make of this? was it some kind of stunt? it make you sick to your stomach or are you used to being sick at your stomach so you couldn't even tell? . >> yeah, i had the oysters at subway sandwich yesterday. they're rolling out a new program. didn't sit quite well again, my problem with this is like "the good wife," "the good fight,"

here he is on the peloton.tervals and arms ride. >> greg: that is true. >> dana: that's where you have a 30 minute ride. he has hit many personal records. so congratulations to you, greg. that's it for us. "special report" suspect next. hi, trace. >> trace: hi, dana. thank you and thank everybody. good evening. i'm trace gallagher in for bret baier. the house goes along with president biden passing legislation to stop a possible railway strike. we have exclusive also from the american national defense form how americans really feel about the military. and is tiktok lying about its chinese connections and how it can tract your activity? ♪ >> trace: but, first, breaking tonight the biden administration is vowing to keep a close eye on twitter because of concerns about the spread of misinformation. that i

coming up let's turn to the equity market, not helping is peloton.spinning down after delivering a pretty weak outlook. we are more on this effort to get back on track coming up next. >> this is bloomberg markets. you're looking live at the principal room. coming up, a joanne feeney on bloomberg markets the close of 3:30 p.m. new york. this is bloomberg. keeping you up today with news from around the world. despite an economy that's cooling-off, applications for u.s. unemployment insurance hovered around historically low levels. initial jobless claims decreased by 1000 217 thousand slightly below expectations prayed the government comes out with a jobs report on friday. u.s. authorities are investigating whether executives have been gaining prearranged stock sale programs designed to prevent the possibility of insider trading. they've learned the justice department and the sec are using computer algorithms to look at preplanned equity sales by c-suite officials. former prime minister him right con was shot and wounded. as spokesman says he was hit in

here he is on the peloton. he likes to do the intervals and arms ride. >> greg: that is true. >> dana: that's where you have a 30 minute ride. he has hit many personal records. so congratulations to you, greg. that's it for us. "special report" suspect next. hi, trace. >> trace: hi, dana. thank you and thank everybody. good evening. i'm trace gallagher in for bret baier. the house goes along with president biden passing legislation to stop a possible railway strike. we have exclusive also from the american national defense form how americans really feel about the military. and is tiktok lying about its chinese connections and how it can tract your activity? ♪ >> trace: but, first, breaking tonight the biden administration is vowing to keep a close eye on twitter because of concerns about the spread of misinformation. that is raising eyebrows among many both in and out of government. elon musk frames his fight for twitter's independence as a battle for the future of civilization with references to free speech an

so a layoff at a big tech company is not like a layoff out of duress, like a peloton, i've argued your reaction to that or i also want to just note that general ridicule millions adding -- joining pressing pause on twitter ads advertisers say they are concerned about recent executive departures following elon musk' takeover process for new moderation i argue this is here manure companies trying to make political show they probably don't spend that much money on advertising on twitter anyway. and posturing, general motors you are not going to advertise on platform owned by your arch rival elon has been success with electricity cars gym hasn't, by the way, where is that 10 billion dollars you -- american people you can kind of pick and choose what you want to talk about. >> yeah, going backwards here, you know yeah, publishes tirs in particular some most liberal supcontractors employees in a corporation next to human resources this is an absolute signal it is impossible that musk is going to make twitter worse place case there is so much vitriol negativity so much go to hell on twitter i

. >> peloton was going to destroy your business. was that just a fad? >> i looked at home fitness.it's not new it's been around since jane fonda. you go down the list, right. it's a secondhand experience for brick and mortar peloton, you have the apparatus for your house, you can be a member for ten years, and not spend ten bucks a month. >> just sits in my house. >> recession has to be a head wind for your business, especially the lower income consumer starting to pull back here on high inflation. >> we had 53 straight quarters of positive cops, and the share average of those over 13 years was 12%. even in '08 and '09, we had some of our best. trade balance from higher priced gyms you're not going to stop i don't use a rock wall. i don't need the towels and they come to a $10 membership club because we have great equipment. anything we night lose on the lower end, we gain on the top, people trading down. >> what's the cost of planet fitness membership right now. >> $10 a month, entry level. we haven't changed that in years, decades it's our 30-year anniversary. >> why doesn't that

we've got to look at peloton because we noticed yesterday peloton is pumping its legs as it seeks tod. shares are popping 8.7%, till now just $11.90, but it's giving the stock a more than 25% gain over just the past week. today's move coming after tiger tastsemeergeal nas co71esco, wn s i ae g .4 th wryf 2021. >>> we noticed this too, solar stocks sudden wily started shining incredibly brightly. they're having their day in the sun after the federal reserve vice chair for supervision michael barr said today the principal reserve will engage -- federal reserve will engage with a climate plan. a bullish outlook for the sector. the brokerage expects solar to be 15% of the country's power needs by 2030 versus the current 4. these gains were a lot stronger earlier, but end phase is still up 1%, first sew solar -- solar up 3.33%. >>> the venture capital world cooking with gas, and it may actually be healthy and nourishing. venture capitalist gary tan here live next with his new recipe for success along with the founder of meal kit company gobble. it's a fox business exclusive. and born in k

peloton 13% higher tyler? >> thank you very much i i'll do an afternoon workout >> sure. >> i need to hitting hills. now to the bond market, yields are collapsing, the 10-year down 31 basis points, almost a third of a percentage point today. rick santelli has the action yields down, prices up, rick >> a historic day with the intraday moves and it started in my opinion with the year-over-year numbers on sfefkally core cpi it came in at 6.3%, which is below the 6.6%, which was the highest since '82. the reason i'm showing the chart is, listen, i'm not casting duet -- doubt on the rally or the big moves, but it didn't come down that much and we need to be cognizant of that. look at a 2-year note on an interday perspective what a drop. it's on pace for a two-week low close. it doesn't end there a chart of 10s they're trading currently right around 3.85. we all know it was over 4% before the number came out it's on pace for a one-month low yield close. and finally, how did that affect the recession spread well, in

. >> so it's like a peloton glass where somebody is performing? >> i don't know. it sounds like a lot of work. >> now that's body heat. >> oh. yeah. >> the nightclub days are behind me. yeah. >> mine too. >> bummer. i was planning on going after this. all right, thank you for watching. the lat the following is an important paid program about humana medicare advantage prescription drug plans, sponsored by humana. at humana, we know that no two people are alike. we understand that you have your own questions and your own needs when it comes to choosing the right medicare plan for you. that's why we really take the time to get to know the whole you. we dig deeper so that we can deliver

peloton. stuart: so and peloton let's not forget that how about the crypto s are they done?> i don't think they are done, but if you look, if you listen to the media, if you listen to the reports, you'd think they are done and you would think that everybody whose invested in bitcoin is an idiot, when in reality, that the institutions, a lot of what i'd said about bitcoin in particular was once the institutions embraced it, they would open the flood gates and that's what happened but what else happened is you had a lot of scammers come into this. you had a lot of people come into this to try to capitalize on the frenzy which is how you got ftx which is a company that went from a $32 billion valuation to zero. that, to me, is probably the biggest collapse of most any company that i could recall, so but i don't think it's over necessarily for bitcoin. stuart: not necessarily over. i just wonder whose going to buy that thing at the moment. would you put more money in there? >> in bitcoin? stuart: yes, now, as of now. >> well i would say and i said it from the beginning when i st

. >> that's really helpful >> peloton downgrade to market perform. >> why did you bother to waste paper on these look at all this paper you printed. >> i planted 25,000 trees in oregon 25,000 trees bucket tree, by the way. those are all one person i won't mention it >> and that's not all. there is carvana this morning. >> rip van winkle? >> what? >> asleep for years. >> carvana, you know, you said we would be safe in carvana. you are supposed to say, no, i meant vroom. there are some companies that were tone deaf to what's happening in this economy. the economy got mesters. >> i think a lot is house cleaning before the holiday. >> they weren't paying attention or worried about the tree factory? >> elon musk's wealth is down $100 billion >> i'm actually starting to feel for him. >> tesla is down 52. >> i'm worried about elon. he has 10 mouths to feed what does he have left 150 bill and he will lose 25 bill at twitter. >> i didn't take a course to allow me to know one of his kids's names >> his twins -- 1-year-old twins. congrats on that >> perfect can we talk about tesla for a second >>

. >> so it's like a peloton glass where somebody is performing? >> i don't know.at. >> oh. yeah. >> the nightclub days are behind me. yeah. >> mine too. >> bummer. i was planning on going after this. all right, thank you for watching. the late show with stephen colbert captioning sponsored by cbs >> despite predictions, the so-called red wave of republican victories has not materialized. they were expecting a red wave, if not a red tsunami. >> this is pretty clearly not the party that kevin mccarthy and house republicans thought they would be having tonight. the bar's been open for three hours. >> and the ballroom has been pretty empty the whole entire night. >> it's clear that those balloons are not going to be falling tonight. ♪ ♪ ♪ ( sung to "99 red balloons" )

i'm not talking about the peloton. just saying it's -- maybe it's -- it dawned on people, this may not be that good a business, and if you -- if jamie dimon were here, which he's most certainly not, i think he would say, what's new? we have had buy now, pay later forever? we've had that what is that, suddenly new and i think that's important we got caught up if you look at upstart, remember, they were saying, using artificial intelligence, they can come up with a better system than fico, and they're still experimenting right now at upstart. >> upstart is down 24%, by the way. >> they have $700 million in loans on the balance sheet just to be clear, one of the largest investors who started it didn't think they would have any on the balance sheet everything was supposed to be secured. >> it's very tough right now >> what's happening is that it looks like close to, what, $450 million in loans are to see whether loans work it's a, you know -- >> to see whether it works as a business prospect. >> yeah. it's an experiment >>

peloton delivered a weaker outlook for the current outlook and wall street was predicting.ar ago. the ceo said palatine is beating its own timeline for turnaround. shares down about 90% over the last 12 months. global news 24 hours a day, on air and on "bloomberg quicktake." i am lisa mateo. this is bloomberg. ♪ >> as long as inflation remains elevated and above the fed's target, it is going to be focused on getting inflation down. for the foreseeable future, until we see progress on inflation, the fed is focused on getting inflation down. jonathan: the former fed vice chair joining us, covering the fed decision. fantastic to up with him. this market is down. not just inflation. that is the effort for the federal reserve to get inflation down. let's get the market down and keep it there. equities down .9% on the s&p. yields up by eight basis points. dollar stronger, euro weaker. we are down by .8%, this fed chairman could not be clearer in that news conference. tom: q1 tightening, up 300 dow points. down 500. it was two events, it was a statement and then boom. jonathan: th

weak forecast and they're blaming peloton because it's selling fewer bikes and treadmills and a lot of people purchase the expin sieve devices with buy now and pay later with affirm. stu: citi. lauren: bloomburg is reporting they're cutting bankerring operations because of plunging refuge and down a quarter of a percent and meta is up because of the cost cutting. cutting and layoffs. that portrays there could be more not just tech but corporate america cutting jobs. stu: that's right. meta will get rid of what, 11,000, 13,000? lauren: 13% of the work force. stu: they think it could split over into corporate world. thanks, lauren. fox news voter analysis is top of mind and top of mind for vovoters yesterday. we'll tell you the most important issues and how they affected the races. msnbc rachel climbs far right are intimidating democrats. let's roll it. >> arizona is an open carry state and a lot of far right in arizona has been willing to use open carry privilege as a form of political intimidation. stu: political intimidation. arizona congresswoman andy biggs reacts to that. election o

. >>> quarterly results just out a few minutes ago now from peloton, also for moderna. the premarket here. peloton reporting a larger than expected loss and saw revenue come in below analysts forecasts. issuing a current quarter forecast that falls short of consensus. you're looking at that stock down now 17% in the premarket. we're sitting right now at $7.14. so the comeback story for peloton still in the making, if you will maybe i'm putting it politely. meanwhile, moderna, revenue did come in above forecast but mode cutting its full-year forecast of sales for its covid-19 vaccine. two stocks you could put in the category of pandemic darlings -- >> why high revenue by missing on the bottom line so much it's weird higher than expected revenue, missing on the bottom line -- they have a lot of -- >> heavy equipment. >> moderna >> you're talking about moderna. >> i need to -- >> more through the -- >> cancer vaccines -- >> coming up, netflix rolling out it's $7 ad-supported tier. should you do that or stay on twitter for a dollar more. >> which will bring you more happine

there was a pandemic some companies did very well yesterday i got an add did you get the ad about peloton 180% off on their apparel. it was like the level of discount i was afraid it would arrive at my house without even ordering anything like they're fishing >> did you buy any peloton gear? >> no. i immediately went to lululemon and paid five times more to get the same thing >> activision, microsoft will at least offer concessions to the eu, including a licensing deal with sony. >> as with kroger and albertson's, it's not the eu it's khan. khan is an autocratic individual who was put in because president biden believes president obama approved too many mergers. it was under obama's watch you put some someone tha dictatorial. they could win in court. they will have to say, look, we will go to court to get this deal done. i'm not getting that feel. they are doc incredibly well very good hand lift. why do we like microsoft it's a commercial product, not a consumer product demand, very strong. this is not a piece about activision i don't think blizzard is important anymore. >> interesting yo

they join microsoft and snap and peloton which have also announced deep cuts. >>> the economy is frontnd center with one-third of voters saying inflation is top of mind. the october cpi reading is due in a few hours ahead of the last meeting for the fed on december 14th headline annual cpi has shown cooling in recent months, but far from the fed's 2% target very far from the fed's target let's bring in the cio of muske t musketeer capital. i gave you a headline number if you look under the hood, goods and price inflation has started to come down you see it with the used car vehicles shelter and rent remains sticky and still on the upward trajectory what does that do to the core cpi print? >> first, thanks for having me on the show. that makes sense if you think about it. we know the demand situation is coming down in realtime. if you think the last time inflation missed in a real way, when was that? after the deep bear market we saw in equity markets in may and june when you saw the rebound in equity markets in the middle of summer, we saw inflation spike up again coming into today, th

i yelled at my peloton. that's my turkey trot. >> i like that. that's a good idea. >> we tried to get our turkey trot in. >> if you put yourself in a food coma and you are waking up this morning, we warm up today for beautiful running weather. we have 70s returning near livermore and santa rosa. it is cooler along the coast but still above average. just because thanksgiving is overdoes antimean there aren't other festivities you can par take in. christmas in the park, upper 60s in the santa clara valley if you want to spend time with loved ones or maybe you are just relaxing and watching the game from home. if you are watching in person, we are expecting low 60s, partly cloudy skies are starting to return and that's ahead of rain that's on the way as early as next thursday. here is the big reason why that's happening. we have been dealing with warm air from the south for sometime as high pressure ridged over california giving us a beautiful thanksgiving. notice we take the time stamp to next week and low pressure is starting to push down from the

it's no different really than the charges peloton has had to get people to sign up.hat's a digital platform as well. i think twitter is in that same space. >> i hear you but i think there are two distinct things. one, advertisers are scared because of the misinformation and increased hate speech. b, musk didn't actually want to buy the company. in the end he was contractually obliged to. elon musk has never one a company before that he didn't found or co found. paypal, tesla, spacex. it's different to parachute in. >> that's perhaps why we're seeing this clearing of the titanic, if you will. i think that the real question is where is he going to take it? that's the question we're all wondering, where is he going to take it? he's maybe going to be an innovato innovators. in asia there's a popular app called we chat. you can have discussions but you can video message with your friends there, you can go shopping there. if he wants to make his mark and do something innovative, maybe that's where he's going. i find it curious -- >> hold on one second. excuse me. couldn't

anywhere you weren't going to favorite restaurant bar hotel vacation spot but buying iphones pcs pelotonhat you are going to see this christmas is a big switch to revenge spending whatever you want to call it, people bought as much stuff as they needed over the last self years of covid, so i think you are going to see big tech results, being more difficult especially as people being on the internet slowsdown people on the beach speeds up. on ski slopes you should start to see next year's numbers come down further estimates start coming down in july i think going to see that accelerate as we go into next year, with this switch in spending from goods to services. maria: very interesting scenario there. so do i want to start avoiding big tech? do i want to get out of these stocks going into december earnings news coming out, dan? >> remember there is the strategy the long-term view, long-term view the same deteriorate inflation has come down from 9.1 to 7.7% a long way from 2% target fed has remember we put tweet out a couple days ago that the weak midterm elections market on average 1.4% g

peloton has been on an absolutely wild ride. you can look at the intraday chart on your screen.rst, it was plummeting, right? falling 10% this morning. but now recovering and has now punched into positiver story by 3%. the exercise equipment maker posted wider than expected loss for its fiscal first quarter, also forecasting weak holiday revenues saying q4 sales could be about 37% lower than last year. but lives why maybe -- here's why maybe the stock is in the green. ceo barry mccarthy did say the company is now done with layoffs and, quote, the ship was turning. i thinkable he meant the spin bike was turning. >>> e-commerce stocks are moving higher in this final hour. amazon is plummeting, but look at etsy, reporting third quarter earnings that beat analyst estimates. the online crafts marketplace posted positive guidance for the fourth quarter. and ebay is up 2.33% after coming in with better than etd ard inits erly are reven ssp tho se bn ofhemee pl, eep d shha0 verar0%. fothtte ct, ow13anecthars ve rbinta9 57. right now it's at $46.10. >>> you might think that just because

it's not in a peloton position, exactly, after all of this people still using it and no hardware or inventory to worry about. >> that's right. as we head to the next show, the cloud index down 1.8%. let's get over to "halftime report" now. >> welcome everybody to the "halftime report." i am scott wapner front and center stocks are not going up this year according to one watcher. we're trading disney's iger on the committee. joining me on set, and let's check the markets. the nasdaq is down a little more than 1%, and dow is off 54, and 380 is the yield on the ten-year note we're watching all that and will get to all that in a moment. of course, the story of the day is disney. we want to attack that first because we have a shareholder here, and jim, you are in the stock. your reaction to this stunner that we got today. >> yeah, woke up today and the stock was up 9% in the premarket, and i thought what is going on with disney did somebody take it over? we have given some of that increase back, and maybe that's what we should expect. obviously i am not into the stock for 6.5% we are in it for a l

zoom, peloton climbing higher, over 13% the last i checked. so a lot of names right here, and a turnaround for the chip tector as well as clouds -- what, 20 seconds 30 seconds that's a lot >> some of those movers? there are up, but that's again where that has beened hardest hit on these rising rates. >> if you look at a five-day base, ark what relatively flat so we put it in perspective, like mike santoli talked about, coming back to the same aplays to these etfs and stocks. >> and the arc insew investigation fund, thank you. kristina partsinevelos >> thank you. >>> crypto is rallying today new clarity, the division saying that trading may by halted in a few days, advising clients to close do you the positions they want to close. we heard from voices of frustration. >> it's unbelievably frustrating that we have a situation that looks like theranos. i kept asking myself, where is he getting all these money >> ultimately we're moving from the entrepreneurial stage, where this was a wild west offshore, where anything goes, to an institutional dig

that is same the reason i stopped uses my peloton treadmill. but not cause death. or as fetterman campaign called it debate prep. >> time for view are mail, better. masturbator started us off with, sorry, what? i was ago youing -- kennedy nation, someone needs to wash your mouth out with soap, but where would all the sperm go. >> marie writes, where you be-- why you are still on the air. and by that, he means, a broom, flying through the air. shawn, kennedy you must have minored in carp entry because you nail it. >> i have to move now, thank you for watching the best hour of your day. i swear it is, you can follow me on twitter and instagram and facebook, e-mail. subscribe to my podcast, kennedy saves the world. and you can't watch the show, it is not a no go, you have to kenna dvr it and make every day a kenneday, i'll see you soon, freaks, i'll be doing this, i don't know what that means, double chaka and this white claw. ng on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations

and then they doubled their stock in peloton the company sold over 3.5 million in expedia shares. >>september 30th -- >> yes, as of september 30th, and it's critical to note when we see this. amy, this idea of that period of time, let's just call it the end of september, but even today, establishing new positions in some of the chip stocks that have gotten beaten up pretty hard over the courseof the year is this a good strategy in the here and now or not? >> i think you have to be very careful. i think there are good long chip stocks that have gotten hurt this year, if you have a variedd make money we own asml, and cadence systems. i think both have real technology advantages that will increase their value over periods of time. i think generally speaking, i still think there's too much semi inventory there was double ordering, when the shortages happened so i don't think -- i wouldn't say -- i wouldn't give an all-clear sign for the entire sector but there are, you know -- this is a space where technology wins and, you know, i don't think it's crazy to take advantage of some of the c

you all laugh, but my peloton is now a hanger. i can't help it.ed i was really there for a really long time, but i wonder first are you surprised at all about the amount people are spending? we have gotten so many warnings about our economy. what do you think? >> but remember black friday started on like tuesday night of last week. >> prethanksgiving. >> instead of being a 48 hour cycle, it was like five days and actually last night i was online in anticipation of cybermonday and it was saying black friday ends in ten hours. i thought okay. so i'm good. there's going to be a deal here. >> it's like an election day. >> election week. >> it's a season. >> what were you buying? >> i was trying to decide if i wanted to buy a new bag. i was trying to see if there were deals of then you go down a rabbit hole and start to think if i get this, i need that and what else is on sale? anyway, i do think i'm not surprised the amount is so large given if we're talking about four or five days. it certainly makes a lot more sense and it means the marketing tactic

halloween was two days ago, why was she on a peloton? as a witch. what is that?cluding mariah carey and starbucks, shoving aside thanksgiving's turkey and football and greatness? for premat pr premature jingle bells, i think there is a pill for that, joining me, kat timpf, what does christmas season begin for you. >> december 23. >> stop. >> i am not a christmasy person. guy: you are wearing b grinch colors. >> it was clean, i'm not a christmasy person, my husband is, if. it is like fine, ien to don't understand getting into it i like to go home and to see my father. that is great. and i like my family and my family and detroit and surrounding area. but, i mean, like there is cookies, what -- we work. most of the time. you are a kid, not in school this is great. guy: less magical maybe as an adult. are you a thanksgiving person. i'm a huge thanksgiving person. >> i can tell. guy: i get angry when people blow past it, it is great american holiday. >> also usually working through thanksgiving, i don't like football, no, not really, thanksgiving i like, you just sit

disappointing quarterly results from qualcomm, roku, and peloton contributing to a nearly 2% loss onaq. lyft shares finished down 2% as the company announced her plans to lay off some routine percent of its staff in the face of looming recession. german chancellor olaf scholz is on his way to china for a controversial visit, the first by a sitting g-7 leader since thpandemic. china is germa's second largest export destinatio some observers worn berlin has become too economically dependent on the chinese market, a potential echo of its now very troubling dependence on cheap russian energy supplies. last week, the government approved a deal allowing a chinese shipping company to take a nearly 25% stake in germany's largest work. the u.s. has worn berlin not to allow china to take a controlling stake in that work, a stance beijing denounced. >> practical cooperation between china and germany is a matter between two sovereign countries. the u.s. should not meddle in such cooperation. u.s. officials are still complacent about interfering in other countries' affairs, including their allies

if you're playing on the margin with companies like me peloton, meta, zoom, you will probably get a niceise. maria: dennis, final word. >> the problem that we have that the fed will be taking $95 billion out of its assets over the course of next several years, that has been the fuel that that's has driven the economy and the fuel that's driven stock market higher and the fuel has been taken away and predicated upon a republican victory in the house and senate be careful what you asked for, the great bear market and 72, 74 was under republican administration and stock prices declined 50%. so just be careful out there. maria: all right. thank you so much, gentlemen, keith fitzgerald and dennis garthman, we will be watching all that of. quick break. the white house saying inflation is easing and the prices tat grocery store say different. ted budd is here on how high prices are issue of voters in his state and what he can do if he wins back the senate. well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i s

just like peloton never should have been 178. one of the most damaging things we can do as investors is say because it used to be here it should be there again we all need to refresh with what is it today and does it need to be there today don't think because it was at 300 -- >> i've said that before that was a free money multiple. what has been mentioned is competition has arrive that's been the bear case on tesla and it is there now, any company in the world and tesla's styles haven't changed since inception. guess what has changed there's no capital intensive company that should be selling at this kind of multiple period particularly with a very distracted ceo who singularly is responsible for driving the work force so hard to make the moves they've made in terms of supply chain and production so i said it a year ago the best days are behind tesla. that continues to be true. >> all right, we're getting some spotty audio on steve weiss. we're going to try to fix that in a coming break right now. anyway, i will point this becaus

. >> trace: he's apparently not reading the financial times because amazon, facebook, netflix, pelotonrget, wells fargo, they are all coming out with either layoffs or bad numbers. the economy when i see credit card debt going way up and it is way up, it is a bad sign. this economy is not going in a good direction like the president keeps saying it is. >> annual inflation last year of 5% of the end of the year, this year it will be eight. we are getting very high interest rates, the housing market is stagnant, as you say unemployment is climbing up we don't have a border, we are not energy sufficient, we pay here in california over $6 a gallon for gasoline, after the afghanistan debacle we lost deterrence overseas and there is no border, it's ceased to exist, he's living in a fantasy land i think everybody knows that. >> victor davis hanson always great to have you on, great insight -- thank you. breaking tonight the fbi's profiling unit is helping to investigate the murders of four university of idaho students and new details about the two young women who were inside the house when th

don't blame the messenger the company lowering its full year outlook as one of its biggest partners, pelotonumer demands of its own. it opened up lower overseas. down as well we're three for three. dow tufures were down as disney stocks were dismal we're back right after this. ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. what if you were a trendy apparel company facing an avalanche of demand? to ensure more customers can buy more sherpa-lined jackets, you call ibm to automate your it infrastructure with ai . now your systems monitor themselves. what used to take hours takes minutes. and you have an ecommerce platform designed to handle sudden spikes in overall demand... as in actual overalls. ♪♪ ♪♪ hey dad, i'm almost out. i got you. any questions, chris? all good, thanks maura! there you go, one new inhaler! nice did you get my refill too? maybe [door bell] here you go, sir. you're a lifesaver. have a nice day. healthier is managing all your family's prescriptions in one app. cvs pharmacy. healthier happens together >>> welcome back to "worldwide exchange." face

she has on a peloton [laughter] . this is so good. look at her. kumasi: this is so funny.s behind her? kumasi: with the little dates? it is the screen for me. [laughter] reggie: she really outdid herself. kumasi: you know what? lean all the way in, mariah. reggie: there are so many details. kumasi: it is time. reggie: whoever is on the team that put this together, hire them for everything. drew: we need to track the billboard chart. it is about to come into the top 10 today. reggie: it really is. drew: she is excited that her check is coming again. she has two months to get that money. she is doing concerts in those two cities, new york and toronto. we don't really know why. kumasi: we have days until christmas. drew: let's not a race thanksgiving. reggie: thanksgiving erasure. kumasi: can't we start christmas now and still honor thanksgiving? reggie: we could. i wish there would be more of a thanksgiving song. i'm not talking about that adam sandler song. there is no artist connected to it. kumasi: the week of thanksgiving we can get on board. it is christmas, thanksgivin

guess the democrats' message ain't getting through some people over here talking to people i'm on the pelotonte. >> steve: if they're joking about it, sean, they know it's going to be a red day tomorrow. historically, the opposition party of the president in the midterm always wins historically. the question for tomorrow is how big? >> historically that's right. we have both houses of congress. the win is that much bigger for the out of power party. this set-up is ripe for a red wave. but, again, the closing message on the economy is i know you care about inflation, i know you care about gas price, i know what we should do, let's stop mining for coal and drilling for oil. that's going to make things a lot better, right? >> brian: that's why it's such a big mistake he made. is he saying in a candid moment as if he had sodium pentothal i have stopped drilling. i have stopped everything. and the point is you want to do no harm to your party. that's why you send them to maryland. he goes to maryland and makes these dumb comments and they ricochet through the tv screens of americans go these guys

>> yes, so this is the used car dealer and it was a pandemic winner kind of like peloton but has collapsedhe last 12 months or so. wall street journal reporting and quoting analysts saying the online used car maker retailer could possibly run out of cash in just a year's time so carvana just announced on friday they were laying off another 1,500 workers . second round of layoffs in just about six months time and i just saw that their interest expense, with interest rates shooting up to what, close to the i think the fastest rate since 1980s has doubled so far this year, and as you know, with used car retailers when rates go up, you have outlay of cash in order to buy those cars. that's a problem. ashley: yup. it certainly is. the stock is down more than 7%. all right, susan, thank you great job, appreciate it. let's check the big board, as we're what, nearly seven minutes into the session. the dow up 22 points all very muted right now. at least it's on the upside. dow winners let's take a lack at some of those well walt disney have their new ceo and old ceo and investors like it, it's up m

it is a very different proposition to invest in an apple versus a peloton, a caravan that versus a microsoft. if you're making investments in tech, you've got to steak with the companies that are moving forward -- liz: but isn't that, see, this is what makes me nuts, keith, chips. everything needs a semiconductor, yet that looks like a very anemic trade day in, day out even when some companies are actually coming in with good numbers. >> well, i would submit you're absolutely correct. but that is political buffoonery. if you with operate under the assumption that sooner or later china's going to make a move on taiwan, we're going to have to bring those things home. so if you believe in that, u.s. chipmakers are going to be going to the bank because they're going to be the only place you can you can get the return and supply that you need. liz: warren buffett bought taiwan semi this week, and he's a longer term investor. >> chips are much more than just the pcs. it's the internet, everywhere. and i would agree with keith, it's not all tech is created equal. look at palo alto today. cybersecur

talking of the holiday season coming up, peloton is down this morning. they worried? the holidays? lauren: yeah. they're predicting revenue over the holiday season of about 700 million, wall street is looking for more like 860 million. the translation is is this turn-around plan under the relatively new ceo barr rhode island mccarthy -- barry mccarthy not working or not working fast enough? outsourcing all of their customer service, all of their manufacturing, all of their delivery, raising prices on some of their equipment, and now they're actually renting that equipment, and the stock is still down in a big way. they say they want to be cash flow positive sooner than, i think, wall street thinks is realistically possible. ashley: yeah. down 12% today. all right, show me restaurant brands. they own places like burger king, tim horton's. are more people going out to eat fast food right now? lauren: it's a bargain, right, compared to everything else. so restaurant brand say they see all of their divisions, i'll throw popeye's in there, doing well. bk world wide same-st