ed: let's start with peloton. wild morning session. the ceo will step down. 50% of the global headcount will be cut. things are not getting better for peloton. look at the chart to illustrate the point. when the market opened there was a session high of 18% curing what is another restructuring and we are now down more than 10%. having had time to look at what peloton is saying comment on the hardware side of their business multi channel sales side and subscription things will not be as good by the end of the year as they had hoped and the market had hoped. we will get deep on that later in the show with bloomberg's mark gurman. that is a real ride. the earning story is elsewhere. qualcomm up almost 10%. the smartphone market seems to be recovering. there'll be a lot to talk about with the ceo and also what is happening in china. then doordash. this is a tale as known as the history of gig economy companies. investors looking at the ebita forecast. the relationship between app -based gate platforms and people top is something we have ta

peloton, it's interesting, you see a rise in the socket, down 30% on the year. should this stock just not be in public markets anymore? >> peloton is a laughingstock, it shouldn't be in public markets personally, and it's not a good buy for a private equity firm either. barry mccarthy takes over the company two years ago and he essentially runs it into the ground. fires thousands of people. i think we are near almost 10,000 layoffs in total. goes all in on software and content, remakes his executive team, tries to relaunch the app to get interest, that failed. the marketing chief comes in in less than a year. certainly, nothing good happening there. two years later, restructuring again. the ceo stepping down. no successor in place, no one who can capably take over for him. they have two board members coming in their getting paid $150,000 a month each, like something blackberry did 15 years ago. the best thing that peloton can do at this point is closedown its hardware, go all in on content, try to sell it to amazon or netflix to make it a part of their subscript

lauren: why did you say no to peloton?probably wanted your rowing machine because they had the treadmill and the bike. >> the bike. so john foley, they all came to boston and visited our office, they looked at our prototype. i'm very proud that they went home and copied it. [laughter] they did make an offer for the company -- lauren: but it was too low. >> you know, we have a lot of confidence. the thing is, like, everybody wants to feel great with their life. that is not going to change. also people are going to go to the gyms. traffic is way up this year. of course it's up after the pandemic. but it doesn't change the fact that work out at home is the most convenient thing you can do, and keeping that north star and delivering the best experience, something we believe is very valuable. lauren: how many days a week do you work out? >> six. at least. sometimes seven. three days of strength, three days of aerobic. many all a honesty, i was off the wagon, i was once or twice a week, but i'm back on it, it's been two years. l

the problem is the big picture hasn't changed peloton. they cheered with this move will do in terms of cash flow but the revenue outlook is worrying and the subscriber outlook is worrying. >> it is interesting you think about what the path forward could look like. even just this week of course the ceo who is now leaving had been behind this effort to bring peloton into high-end hotels. a bunch of partnerships he had pioneered as well. where does peloton go from here. >> the problem they've got is growth and scale so in the early days of the pandemic it's a well told story everyone was forced to be at home. they bought peloton hardware in large volumes and pay the subscription and as the pandemic disappeared that eased off. they are not finding the channels for scales so hotels has been one thing that's kind of work but not really, go to the outlook for four-year digital subscribers it's now below the 3 million initial forecast parade what they are saying is the hardware trend is responsible for that. they don't see hardware growing so the

hemos visto pelotones de policÍas. y salir de dos edificios paralelos de esta universidad. luego de guardar en posiciÓn de combate en estos edificios, mientras otros pelotones comienzan a salir. esto ha sido una calma tensa. nadie sabe el plan de la policÍa. su gran reto es penetrar a esta zona detrÁs de mÍ. paulina: en la costa oeste continÚan las protestas universitarias. se revelaron las imÁgenes de las cÁmaras corporales. reportera: es la tercera ronda de arrestos en tres universidades de nueva york. tres estudiantes de la universidad de manhattan fueron detenidos. >> me dio mucho miedo cuando la policÍa empezÓ a entrar con los cascos armados. nosotros estÁbamos protestando y despuÉs no pusimos a correr porque vimos que la policÍa entrÓ de una manera muy agresiva. no podemos creer las acciones que tomaron la policÍa y la administraciÓn de la escuela. reportera: a pesar del temor, miles de personas continuaron la protestas por toda la ciudad. >> es muy difÍcil ser un estudiante de color en estas escuelas. reportera:

tadej pogacar finished safely in the peloton to retain the race leader's pinkjersey.rom the bbc sport app, orfrom our website, that's bbc.com/sport. from me and the rest of the team at the bbc sport centre, goodbye. hello there. our settled week of weather is set to continue. in fact, thursday, it was warmest day of the year so far. we reached a high of 24.6 celsius in st james�*s park, london. when you round that up to 25, that is 77 fahrenheit. we could see similar values over the next couple of days with high pressure staying with us, but this weak weather front will continue to bring some showery outbreaks of rain and a cooler feel across the northern isles. it'll be a relatively mild start to our friday morning. double digits, some early morning mist and fog quickly melting away, a lot of sunshine coming through. we'll get a little bit of fair weather cloud developing into the afternoon, but on the whole, a promising day. more sunshine as well for scotland in comparison to thursday. top temperatures here of 20 to 22 degrees. we could see 2a further south. into th

now, peloton is giving up earlier gains after announcing a wider than expected loss of 15% workforceon and the exit of ceo barry mccarthy. but let's take a step back and look at how we got to where we are today. remember, that stock stumbled out of the gate, falling 11% in its public debut after opening below its ipo price of $29 a share. less than six months later, the pandemic hit big deal for peloton in january of 2021, the stock closed at a record high may of that year. the company then recalled all of its treadmills over safety concerns and announced plans to build itsfirst american factory. but that stock continued to struggle about nine months later, founder john foley stepped down and they introduced chief financial officer barry mccarthy as the next chief executive, highlighting his experience with managing subscription type models in his first year as ceo, he cut peloton's workforce by more than half, and then last february, after eight consecutive quarters of losses, he told cnbc, he was ready to pivot from trying to keep the company alive to growing it shares are now down

. >>> plus, the peloton plunge shares hitting new record highs after announcing layoffs and the ceo departure. can the company pedal its way out of the hole? we take a deep dive into the future of this one-time pandemic darling. >>> and later, sales of novo nordisk's wegovy more than doubled, but the possibility of increased competition putting pressure on the stock today. can the company tip the scales in its favor we'll go inside the numbers. i'm melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- courtney garcia, karen finerman, dan nathan and guy adami. >>> start with apple $110 billion buy-back, eclipsing the previous record set by apple in september of $83 billion. that weighing a 10% drop in iphone sales sharing are soaring 7%, adding $200 billion to the company's market cap the conference call just kicking off at the top of the hour steve kovach's got all the details. hey, steve >> hey, melissa. so, yeah, top and bottom line beats for apple. and let me go over the other numbers here that are really driving the stock up higher. the dividend increase, up t

and 15% of peloton staff is set to be cut.ews, peloton stock shot up more than 12% as that opening bell rang this morning. apple stock also up a little bit on news of those new products. and walt disney stock, though down almost 10. that's after some disappointing earnings there as the company struggles with balancing on its streaming platform sequels to popular shows with new content. disney promising more a better combination there as we take a live look at the numbers. the dow jones up about a quarter of a percent, the s&p 500 up about a third of a percent, the nasdaq also gaining about a quarter of a percent. the man credited with growing starbucks into the most popular coffee chain has some advice now that sales are down. in a social media post, former ceo howard schultz, who bought starbucks back in 1987, said starbucks has to change the focus back to coffee. he has recently introduced lavender matcha drinks they have. but despite that, revenue dropped 2% in the first quarter. that's the first quarterly drop in revenue s

that's what it comes down to. >> i stuck with my peloton. did. >> i think a lot of people that i know have a really expensive clothing rack. silvana, thank you. >>> we'll turn attention back to the broader market. the united states with a stock market rally as well as the 20 largest stock markets. 14 are testing new highs with the emerging markets and japan tri trading at fresh record highs. i'm joined by emma wahl. good morning. good to see you. >> good morning. >> we will talk about the global p ma ma markets in a minute. trading at almost 21 times forward earnings. just under 18 times in the last ten years. considering the a.i. advancements, do you think that is expensive for the u.s. stocks? >> i'm going to federaudge this answer. yes and no. it is not the entire u.s. market. it has been driven by a narrow portion of the markets. you are still seeing a huge val nut ue in the market. there is still a single digit multiple. the answer is is the u.s. market expensive? it looks expensive. you may have overweights in the portfolio because of

peloton -- emily garofalo. emily: peloton up. number of pe firms considering a buyout of the fitness company as peloton works to refinance debt and cut costs. the report cited people familiar with the manner -- matter what we do know a buyout would potentially take palatine private after it has been on a wild ride as a public company over the last few years. i think of the sex and the city episode that caused the stock to plummet after it aired and also market cap reaching 50 billion in january 2021 and now at just about 1.5 billion. when you look at bloomberg intelligence reaction, this buyout would make sense given just how much peloton has gone through. they announced that the ceo was stepping down and they are cutting jobs, a lot of cost-cutting. katie: it seems like markets are welcoming this potential buyout take private news. it will be fun to watch. tell me about energy drinks. emily: celsius is wildly popular energy drinks. the stock is down 2%. quarterly sales reached a record. they missed estimates. first quarter reven

fast forward to today, peloton has posted 13 straight quarters of losses.n january 2021. for the latest head over to cnbc.com >>> coming up, shares of reddit up more than 40% since their march debut. near-term options in play, 15% move one way or the other. we'll get the action, the story and the trade ahead of those results, next. ga, the advanced form of dry age-related macular degeneration, can irreversibly damage your vision. it can progress faster than you think. when ga threatens your eyes, take a stand. slow ga with syfovre. syfovre is an eye injection that was proven to slow damaging lesion growth over 2 years with increasing effect over time. it's the only fda-approved treatment to slow ga in as few as 6 doses per year. don't take syfovre if you have an infection, or active swelling in or around your eye that may include pain and redness. syfovre can cause serious side effects, such as eye infection and retinal detachments, severe inflammation of vessels in the retina which may result in severe vision loss, wet amd, eye inflammation, and an increas

. >>> a major beef recall to tell you about, and a bumpy road ahead for peloton.s cbs "moneywatch." >> reporter: a winning day on wall street as stocks rallied thursday ahead of the april jobs report coming out today. the dow surged 322 points. the nasdaq climbed 235, and the s&p 500 added 45 points. >>> more trouble for peloton. the fitness equipment maker is laying off 400 workers, and the ceo, barry mccarthy, is stepping down. it's the latest attempt to get the company spinning in a better financial direction. the incumbent surged in popularity during the pandemic but struggled in a non-quarantine world. >>> if you bought ground beef at walmart recently, check your refrigerator or freezer. nearly eight tons of ground beef sold at walmart stores nationwide have been recalled for possible e. coli contamination. the meat solutions produced the meat on april 26th and 27th. so far no reports of illness fleas. if you have any throw it away or return to walmart for a full refund. >>> and artists from universal music group are heading back to tiktok. the social media p

but no doubt a lot of pressure here on peloton. the coming years. >> got to think pandemic-era workouts coming to a close finally. cnbc's silvia amaro, thank you so much live from london, really appreciate it. still ahead new details on the police response to columbia university's protests. what we're learning about a gun that was fired inside hamilton hall and the number of people charged with trespassing. "way too early" will be right back. trespassing "way too early" will be right back power e*trade's easy to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley someone's smelling fresh. does she take my old spice total body deodorant with 24/7 freshness, and use it all over her total body and all over their total bodies? unbelievable. ♪ (old spice mnemonic) ♪ ♪♪ missing out on the things you love because of asthma? get back to better breathing with fasenra, an add-on treat

more dramatic setbacks for peloton, and it's a $3.09, stock.rbnb is rolling out pretty cool new stays. shares of the vacation rental giant getting a slight pop, up about 11%. they turned from negative to positive after unveiling a new lineup of experimental listings from some of the world's greatest icons. airbnb has created new stays for consumers to spend the night in the ferrari museum. the balloon house from disney's animated movie "up," the x-men mansion and even prince's purple rain mansion. not bad with. air bn if b at $1577.800. -- 157.800. wendy's sizzling higher after it increased investments in advertising paid off as strong breakfast with sales fueled etc. first quarter profits. the burger chain said e the modest expansion in the company's margins was due to higher e or prices offset by fewer customers and higher labor costs. we'll see how long that lasts. wendy's reported a first quarter earnings beat while revenues did miss the street's expectations, but you've got wendy's up 2.33%. you've got higher prices maybe helping wendy's,

it's the fifth time peloton has made job cuts since 2021.ust please don't get rid of my beloved jess sims. depend on her protect andy spear and maddie as well. taking a live look at the new york stock exchange as trading gets underway this morning, you can see that we are up about 107 points. >> a paddleboarder says it was exhilarating to cross paths with three fin whales. it happened in southern california off the coast of dana point. bill clements says he was enjoying a day in the water when he noticed the first whale. he was focused on that one, but then wait for it. >> i'm waiting. >> wait for it, wait for it. >> there's another. >> another surfaced in front of him and he described it as an amazing day. oh, two more surfaced in front of him. so that's three total. wow, that is a whale. hello there you write that? >> yeah. producer. our producer, justin did not write that. who wrote? who wrote whale? hello there. >> that's cute. that is really cute. and when you see the whales. norma. oh, norma. makes sense when you see the whales close t

peloton is also laying off 15% of its staff, which is about 400 workers, and will close several retailooms. the exercise, bike and workout company recently missed investor expectations. peloton says it's trying to cut expenses by as much as $200 million by the end of next year. >> new numbers about the cost of housing show how much more is paid monthly for a mortgage in the bay area compared to rent, a new report from bankrate says bay area residents are better off, better off renting than buying a house right now. the average monthly rent in the san francisco oakland berkeley metro area is about $3,000. the average mortgage payment on a new home is $8,500 a month. not surprisingly, san jose, sunnyvale, santa clara come in at number two on the list. the average monthly rent there is 3200 versus a mortgage payment of 8500. star wars fans are getting ready for an annual celebration this weekend, may the 4th, which falls on saturday, has evolved into a huge day for fans of that popular film franchise. there are plenty of movies, series and celebrations in store for may the 4th san francis

the race leaders in the peloton caught a small breakaway group before the final five kilometres to setas won by italy's jonathan milan. meanwhile, two—time tour de france winnerjonas vingegaard says that he is hoping to be back in time to defend his title when the race gets under way injune. vingegaard is back riding on the road for the first time since a crash last month which left him with a broken collarbone and several broken ribs. he says he's improving day by day. the dane has won the last two editions of the tour de france, which starts again from florence at the end of next month. this is the first time back on the bike for me, riding outside, and it's really nice to finally be able to ride. yeah, i still have some things to recover from, but i'm feeling better and better. of course i hope to be there at the start of the tour de france. we don't know exactly how my shape and how my recovery will go, but i will do everything i can to get there in my top shape. tennis now, and let's update you on the first round of the wta tournament in rome, where the former world number two pau

peloton bike. credibly. he was. >> he was. >> oh he was, he was he was doing these. yes, he was one of these sunday morning cruise or weekend cruise that they go round and he was doing nearly 30 miles an hour. and when you are heading at that speed and these cyclists are very, very fast and if you hit a fragile or a frail or a child or anyone or anyone, anyone, anyone, and they hit the road. yeah, then they are in trouble. and you can cause injury and you can, as we've seen , you can cause death. so seen, you can cause death. so i would absolutely support the idea of, of i mean, i wouldn't have these pelotons in a, in a pubuc have these pelotons in a, in a public park. regent's park is why specifically that but particularly around i mean obviously we don't there are other bikes that are available. >> yeah . they do the similar >> yeah. they do the similar thing. yeah, yeah. >> no no no. what >> no no no. what >> you sort of highlighted that one. >> no i'm saying that there are many , many that there are many

jonathan: peloton failed or the reboot failed? that failed, too.oped on, i enjoyed it. but there's a real question of whether this is representative of a broader trend or a specific story. annmarie: you went out and got one question mark i didn't do that. lisa: annmarie: i did not. sounded like you did. [laughter] feels like they are unwinding. a lot of people thought this would be a big winner when life got back to normal. they are also reducing retail showroom. go to the stores to attract new customers, try them out. that seems to be unwinding as well. lisa: 15% of global headcount, right? what goes first? you cut jobs. how many companies are there like this that tilt up with much bigger footprints than the business model could handle? it's the washout russian of do you get more of this -- the washout question of do you get more of this? jonathan: for the tech session, and the other firms as well, throw in the debt. mindful of the timing around banks with refinancing strategies going forward from here, we will hear a lot more of that. annmarie: i

. >> the ceo of peloton is stepping down and the company is laying off hundreds of employees .exercise company announced barry mccarthy will step down as ceo just two years into the position. peloton has also laying off 15% of its staff, which is about 400 workers, and will close several retail showrooms. the exercise, bike and workout company recently missed investor expectations. peloton says it is trying to cut expenses by as much as $200 million by the end of the next year. >> since the beginning of this year, there have been tens of thousands of layoffs nationwide, with the tech industry leading the way. if you are among those looking for a job or hoping to move up, there are some key moves you can make to help improve your chances. we welcome to the nine career coach and author, sam demeis. thanks for being with us, sam. >> hey, thanks so much for having me. >> of course, we all know that it's a lot harder to get a job when you have a job. if you find yourself in that position and i have, how can one sort of sell the fact that we're out of work right now? >> i mean, there

it hits close home to home for you as a big peloton fan. their place now that people had gone back to the gym. the demand for their physical bikes is not as strong as it was. ~ , ., physical bikes is not as strong as itwas.~ ,., ., ., it was. we should say that other exercise equipment is available. hoover is facing a million—dollar case. this is the latest challenge to the uber firm case. this is the latest challenge to the uberfirm in london. there are queues of deliberately misleading customers. since 2018, hoover has made a significant contribution. we will put these legacy issues firmly in their past, they said. it is good to have you with us. what is this case all about? ., , ., , , about? you set it out pretty clearl . about? you set it out pretty clearly- lt — about? you set it out pretty clearly. it is _ about? you set it out pretty clearly. it is a _ about? you set it out pretty clearly. it is a claim - about? you set it out pretty clearly. it is a claim that. about? you set it out pretty - clearly. it is a claim that between 2012

slovenian two—time tour de france champion, spent most of the 15th stage sitting comfortably in the peloton to go, leaving his rivals for the pinkjersey in his wake. it's pogacar�*s fourth stage win of the tour so far and he now leads britain's geraint thomas by nearly seven minutes with the event finishing in rome next sunday. america's xander schauffele has won the uspga, golf�*s second major of the year. schauffele led every round of the tournament, including equalling the record for the lowest score in major history on his first round at the valhalla course in kentucky. he managed to birdie the last. a shot clear of bryson de chambeu and victor hovland for the biggest win of his career. there's more on an enthralling final day of the uspga on our website. as i said, it has been an extraordinary day in premier league, where manchester city have won their fourth title in the row, the first team ever to do that in english football history. from me and the team here at sports day at the bbc sports centre, goodbye. hello there. contrasting conditions as we head through this week. now, it's a

after a day of incessant climbing, the peloton showed no real urgency in pursuing germany's georg steinhauserake the stage win. pogacar then accelerated away from the main group to finish second and put a huge seven minutes and 42 seconds between himself and the rest of the field in the overall standings. novak djokovic celebrated his 37th birthday with a win at the geneva open, beating germany's yannick hanfmann in straight sets. in a match affected by rain, djokovic had too much for the world number 85 who knocked out andy murray in the previous round. the 24—time grand slam winner overcame the german 6—3, 6—3 to become just the third player afterjimmy connors and roger federer to win 1,100 matches on the atp tour. djokovic then, into the last eight. my birthday probably wouldn't be the same if i didn't win the match, but... but again, it's nice to be here again for the first time in this tournament. to have my family here coming to support as well, i grew up with my aunt and uncle and my two cousins for most of my life, so we don't get a chance to see each other that much lately. so it's r

peloton seeing gains after private equity firms by the fitness brand, the ceo will be stepping down,% of the workforce would be cut and just a reminder peloton reported a loss for 15 consecutive quarters. up 12.5%. look at nvidia down on the news that apple is pursuing its own design for ai chips. nvidia has been a leader in the ai market but can't secure one of the largest tech companies in the world. investors will be worried. stuart: thanks. 13 federal judges warning they will not higher law clerks from columbia university. it has become an incubator for bigotry. madison alworth, has the school responded to this? lydia: we have reached out to columbia but they declined to comment. those 13 federal judges wrote a letter to columbia university monday. most of those judges being in texas, telling the school they do not intend to higher law clerks with columbia on their resume up. the group said in a letter to the elite institution they have, quote, lost confidence in the school over it handling of the student protests and any student that chooses to go there starting in fall of 24 wi

there's the peloton, and they were clearly racist. it was at 7 am, they were in a park.e they were in regent's park. yeah. they were, they were going around the inner circle or the outer circle and they were training . they were training. training. they were training. so, so we're not we're not talking about the people benedict is talking about. these were people training . and were people training. and strategically there should have been some sort of safeguarding place in that situation. >> i mean , somebody, a marshal >> i mean, somebody, a marshal or somebody watching something or, and i think they probably thought that at 7 am. it was okay. >> yeah . then there's then >> yeah. then there's then there's the boring cyclists like me and there are an awful lot of us who just who just bicycle . us who just who just bicycle. and frankly, you know, the man who mowed down my friend was a boring, ordinary cyclist. and then there are i actually, i'm more sympathetic to the deliveroo people because at least they're working. but. but there are the people benedict's talking abou

slovenian two—time tour de france champion spent most of the 15th stage sitting comfortably in the pelotonnd 1a kilometres to go, leaving his rivals for the pinkjersey in his wake is pogacar�*s fourth stage win of the tour so far. and he now leads britain's geraint thomas by nearly seven minutes, with the event finishing in rome next sunday. and last but not least, america's xander schauffele has won the us pga golf's second major of the year. schauffele led every round of the tournament, including equalling the record for the lowest score in major history on his first round at the valhalla course in kentucky, he managed to birdie the last to take the tournament from bryson dechambeau, who was sitting in the clubhouse and thought maybe he would get it. but it's gone to xander schauffele. there's much more on an enthralling final day of the us pga on the bbc sport website. and as i say, it's been an extraordinary day in the english premier league, where manchester city have won their fourth title in the row, the first team ever to do that in english football history. so for me and the team

. >> i would like to see the stock price in peloton, how far down is it. >> i cannot explain this itg after citigroup downgraded them and cut the price target and half from 8 - for so the ceo is out and city said no visibility into the growth outlook for peloton and they are awaiting details of the direction company but the stock is surging. go figure, fresh pet shares are at a high first-quarter profit stocks up nine and a quarter% they have loyalty and lowered the justice cost which are benefiting them. >> now this columbia university canceling its graduation ceremony because of the into israel protest on campus, madison alworth joins me from columbia what did the university say about this and what about the parents. >> that is a great question, what the university said they are canceling the university wide graduation ceremony and focusing on the smaller class ceremony. this was announced around 8:40 a.m. eastern and in the announcement they said we decided to make the centerpiece of our commencement activities our class days and school level ceremonies were students are honored i

in the meantime, peloton's chair karen boone will serve as interim co-ceos and cost cutting measuresa work reduction of 400,000 jobs. peloton was a pandemic darling that stock, which trades right now at about 3 bucks, $3.22, $3.41 there, if you remember back in -- end of '20, this stock was over $160 a share. i think $162 might have been the high on this stock barry was brought in, formerly from spotify, has an amazing track record over his career, decided to take a -- i don't want to say a flyer on this, but a little bit of a flyer to see if this company could be turned around that stock, i think he got in when it was probably -- ceo in the 20s or 30s, where the stock was in '22. >> at the height of the story, stock. at the height of it, did anyone say, okay, it is an exercise bike and you stick a computer screen on it and suddenly that's going to -- >> i think the issue was both the hardware part, but everyone -- there was a view that people would never go back to the gym again that if you were going to go to equinox or one of these -- that the gyms were -- by the way -- >> exercis

of its staff, all part of peloton's latest restructuring plan to reduce annual costs. the company tries to rein in spending and realign its cost structure. >>> in other news, drake, taylor swift are returning to tiktok. reached a new agreement with the social media platform. tiktok removed universal kk content after their previous deal expired in january. >>> finally, get this, americans believe there's time -- their time is worth $499,000 a year. on average $240 per hour. according to financial planning firm empower. the survey found many americans were willing to pay someone to do things for them. like deliveries, household chores. kate. >> okay, all right. thank you. >>> coming up, how did a migrant with suspected ties to isis live inside the u.s. for two years, inside the u.s. for two years, the nbc news if you have chronic kidney disease you can reduce the risk of kidney failure with farxiga. because there are places you'd like to be. farxiga can cause serious side effects, including ketoacidosis that may be fatal, dehydration, urinary tract, or genital yeast infe

the stock of peloton is up more than 7%, moving object on the news. they reported their fiscal key 3 numbers a little better than expected. they've struggled since people have gone back to the gym. maria: thank you so much. take a look at futures this morning, a rally underway for stocks. dow industrials right now up 161. the nasdaq's up 149 and s&p higher by 32. interest rates are pulling backs this morning, take a look at the 10 year treasury yield, down about 3 basis points, 4.600 even. 4.6%. the federal reserve leaving interest rates unchanged, acknowledging a quote, lack of progress in geting inflation back down to 2%, extending the wait and a see stance on rate cuts. the bank of england is preparing to cut rates this year. here is jay powell comparing the rate cut pace in the us to global glangs the difference between the united states and other countries that are now considering rate cuts is that they're just not having the kind of growth we're having. their inflation is performing about like ours or maybe a little better. we actually have the

the ceo of peloton is stepping down and the company is laying off hundreds of employees.cise company announced a barry mccarthy will step down as ceo just two years into the position. peloton also laying off 15% of its staff, which is about 400 workers, and will close several retail showroom teams. the exercise, bike and workout company recently missed investor expectations. peloton says it is trying to cut expenses by as much as $200 million by the end of next year. this saturday, a popular cosmetics chain will permanently close one of its bay area locations. ulta beauty will move out of the east bay bridge shopping center in emeryville. no official word yet on the reason for the closure, but ulta does has previously said it hopes to steadily expand operations. it currently has nearly 1400 stores across the country. many other stores here in the bay area, including alameda, pinole and novato. chipotle showing some love to health care workers by offering some free burritos. chipotle announced it is giving away 100,000 burritos to health care workers, which amounts to more

peloton is barely hanging on.hen you ride your bike, you have to give a motivational pep talk to the instructor. [ laughter ] "you got this, becs. hang in there. you got this. one more mile." [ cheers and applause ] >> jimmy: well, listen to this. apparently, department stores are making new efforts to attract gen-z shoppers. that makes sense, but it seems like kohl's is trying a little too hard. look at this commercial i saw today. look at this. >> what up fam? this summer kohl's is goals. we're serving lewk's and taking care of rizzness. our competitors are straight up delulu. nordstrom is sus. big yikes. t.j. maxx is wack. skibidi toilet. and j.c. penney ain't it, sis. >> it's giving, bankruptcy. >> but kohl's, you can let the gang know you [ bleep ] with this. so, who wants this kohl's cash? move over me espresso. and presso me khakis. then hit the gritty down to kohl's and get high key goated. [ screaming ] [ cheers and applause ] >> steve: wow. >> jimmy: oh, my gosh. some more business news, nestle is releas

according to cnbc, a number of firms have been considering a buyout of peloton, through -- but there'sld happen. barry mccarthy, ceo, said he was stepping down and that the company planned to reduce global head count by 15%. what was a more than $100 stock right now, while up 16% today,is still $4 and change. >>> investors are puttingness cart in their stock -- instaor cart in their basket. shares up 2.5% right now. customers will be able to use the cart app to order from hundreds of thousands of restaurants powered by uber eats. rival doordash down about 2% on the news, but it's not helping uber either. lucid group rapidly losing charge, down 14.5% at this hour after the ev maker released its latest results. lucid e fore forecast higher capital expendtures and reaffirmed 2024 production guidance of about 9,000 vehicles, but analysts were expecting lucid to make more than 12,000 units this year. >>> legalization of marijuana could be inching closer than ever as the drug enforcement administration takes a look at its classification, and that represents a major opportunity for a company

i'm weather girl on peloton. all right. 66 degrees.rently in oakland, backing through alameda into el cerrito. yes. it's breezy. and these winds will continue to bufford the bay area all the way through the evening hours. in fact, downright blustery for your saturday. the winds are currently at 16 in fairfield. here comes the cold front. very unseasonable for this time of the year. not only does it have the clouds associated with it and the rain, but it has that cooler air mass all associated with it. so it's a12 punch. cannot rule out the possibility of an isolated thunderstorm tomorrow due to the instability of the atmosphere. so what i want to do is time out the front with you so you can plan accordingly. here. come the clouds tonight and overnight hours spread across the entire bay area. this is the leading edge. the prefrontal. total precipitation knocking on the back door of the north bay before sunup tomorrow morning at 608. this is the frontal boundary. you can see it. just slice it across the bay area by nine 10:00 in the morn

it is not the first time peloton has pulled music.y removed all of kanye west's music back in 2022, after he made anti-semitic remarks. a japanese city overrun with tourists because it's known as the best place to take photos of mount fuji, is now taking an unusual step to keep visitors away. the leaders of the city, about 60 miles outside of tokyo, have now erected a giant black barrier to block views and prevent tourists from taking pictures. locals have long complained that a growing number of visitors was causing erosion, trash and traffic issues well after some bad behavior. >> a portal that gives people in new york city in dublin, ireland, a glimpse into each other's lives is back up and running. fox's michelle ross reports on the changes to try and keep the art installation friendlier for all. >> say hi if you can see them. they can see you. >> make sure you wave it's live. the portal is back in flat iron after a brief closure because of inappropriate behavior. >> of course it's new york. >> i heard about it on the news due to

>ryan>a wave of layoff has hit the tech industry from google the peloton to tesla. the automaker announced in april, it was cutting more than 10% of its global workforce. faced with slumping electric vehicle sales, but there were also gains to report in sectors like health care. and economists say key trade skills are still in high demand. >>>>when we look at this top 10 list of jobs we see that these are really the core jobs of the american economy. nursing electricians, mechanics. these are jobs that are so common you can find them and pretty much every city. >ryan>the online hiring platform indeed has healthcare manufacturing construction are all poised to see continued strong growth, and experts say what happens with the economy in the coming months will drive the federal reserve's decision on whether or not to cut rates. in the fall and the stock market is seeing a big games today as a weak jobs report raises hopes of a federal interest rate cut looking live at the big board right now it is up almost 454. points. and still ahead of doing a streaming on cbs news

la empresa de equipo de ejercicio pelotÓn anunciÓ que estÁ retirando la mÚsica de dirigir y cada unamÁs importante se lo vamos a preguntar a un experto de salud. >>y dicen que las horribles pesadillas podrÍan ser un aviso de alguna enfermedad. veremos quÉ nos dice sobre todo esto el doctor juan rivera, porque hoy miÉrcoles de nuestra cita saludable, con el doctor juan volver. ♪ ♪ ♪ ♪ ♪ ♪ en el pasillo de suavizadores de telas. ♪♪ tres—dos—uno ¿y qué tú vas a hacer? tres. dos. llévate un sándwich de salchicha con huevo y queso por tres dólares, unos bagel minis por dos o una dona por uno al comprar un café mediano o grande. es hora de lanzarte a dunkin'. ¿buscando una manera más inteligente de trapear? con el swiffer power mop. una herramienta todo en uno que limpia igual que un trapeador y cubeta en la mitad del tiempo. su paño tiene cientos de tiras limpiadoras que absorben y retienen la mugre. y tiene un cabezal que gira 360 grados para llegar a donde un trapeador normal no llega. para que puedas limpiar tu casa más rápido que nunca. no sufras trapeando. trapea inteligente. con swi

after a day of incessant climbing, the peloton showed no real urgency in pursuing germany's georg steinhausercond and put a huge seven minutes and 42 seconds between himself and the rest of the field in the overall standings. novak djokovic celebrated his 37th birthday with a win at the geneva open, beating germany's yannick hanfmann in straight sets. in a match affected by rain, djokovic had too much for the world number 85, who knocked out andy murray in the previous round. the 24—time grand slam winner overcame the german 6—3, 6—3 to become just the third player afterjimmy connors and roger federer to win 1,100 matches on the atp tour. djokovic then, into the last eight. my birthday probably wouldn't be the — my birthday probably wouldn't be the same _ my birthday probably wouldn't be the same if— my birthday probably wouldn't be the same if i _ my birthday probably wouldn't be the same if i didn't- my birthday probably wouldn't be the same if i didn't win - my birthday probably wouldn't be the same if i didn't win thej be the same if i didn't win the match, — be the same if i didn't win t

a host of news out of peloton. cutting global head count by 15%, announcing new cost reduction efforts alongside third quarter results that showed wired losses than expected stock down 2%. it's taken a long beating. novo nordisk in the red despite beating expectations and raising its outlook reporting a 28% jump shares of the drug wegovy more than doubling in the quarter wegovy now has 130,000 weekly prescriptions in the united states and then doordash after wooigds wired losses than expected the mid point of their short-term profit outlook also falling short of estimates >>> let's gets factory orders on a busy day for data with rick santelli hi again, rick. >> hi, carl. we have factory orders fresh march numbers and durble goods if we look at 1.6 expected of factory orders that's what arrived 1.6. 1.6 happens to be the best level since november of last year. we did see a subtle downward revision to last month which was 1.4, becomes 2.8 excuse me 1.4 becomes 1.2. factory orders ex-trans, up 0.5% more than double th

and more trouble for peloton.has stepped down, and the company is laying off 15% of its workforce as it faces a post-pandemic slump in demand for its fitness equipment. >> we turn now to new jersey and an emergency on an elevator. the frightening moments were all caught on camera. loanee otis and her three kids were heading out for the day when five year old zoey put her hand on the elevator door. when the door opened, they say her arm got sucked into the tiny space between the door and the elevator wall. >> me and my friend jen grabbed the elevator so it wouldn't pull her in more, and my friend nicole was with her down there trying to figure out how to get her arm out. >> they tried for three minutes to get her free. a neighbor heard the commotion and handed them a bottle of lotion, and she put it on her arm. >> and then she opened it. she opened it for you and she pulled. she pulled her arm free. >> luckilly emts rushed zoey to the hospital, where she needed 20 stitches on her wrist and was left with a large sca

geraint thomas was involved in a crash before the run into naples but recovered to finish among the pelotonand that's all the sport for now. a developing story this hour here on bbc news. that is that russia's defence minister has been proposed to be removed from his post by president vladimir putin and will be moved to become the new secretary of russia's security council, replacing someone who is been in the post since 2008. a list of published by the upper house of the russian parliament says that the new defence minister taken over will be andrew russia. to go through all of this and understand the significance of this reshuffle. joining us now on the line is marina miron. welcome to bbc news. is this being seen as a promotion or any demotion for the man was been holding the defence brief for quite some time? good evening, we have to understand that he has an impeccable resume when it comes to his performance, used to lead the americom, so putin has a positive view of him and there is a lots of trust, so what i think is a lots of trust, so what i think is happening here is there is a ne

italy's jonathan milan was first over the line with thomas tucked inside the peloton.acar of slovenia. barry hearn, the president of matchroom sport and the former chairman of world snooker tour, has said sheffield city council will "move heaven and earth" to keep the world snooker championship in the city. the crucible, which only holds 980 spectators, has hosted snooker�*s biggest event every year since 1977 with kyren wilson becoming the latest champion. he beatjakjones in last night's final. however, the crucible's contract expires in 2027 and moving away from the iconic venue would be popular with some of the players, who have criticised conditions at the theatre. more details on the website and at but that's all for now. thank you very much, jane. john swinney will become scotland's seventh first minister after being nominated by parliament. the snp leader is to succeed humza yousaf, who resigned from office earlier on tuesday. his appointment will be rubber—stamped by the king before he is officially sworn in at the court of session on wednesday. addressing poli

geraint thomas was involved in a crash before the run into naples, but recovered to finish among the pelotonce hockey world championship against second seeds finland. it follows a 11—2 opening loss to raining champions canada on saturday. the result has left britain bottom of their group ahead of their next match against switzerland on wednesday. there was an exciting finale to this year's badminton horse trials which had a particularly influential showjumping phase. the winner, new zealand's caroline powell achieved one of only two clear rounds, to move up from sixth place and clinch the sports biggest prize. lizzie greenwood—hughes was there for us. this has just been the most extraordinary badminton, it went right down to the wire. all three phases of this equestrian triathlon have been influential and the showjumping, the final part, was particularly so. only two clear rounds, one of been by this lady, caroline powell. no offence, but we didn't see that coming, how do you feel about winning bandwidth and for the first time? thought the third might be where we ended up, but to win it was

expenses last week, peloton announced a broad restructuring plan that is expected to reduce its annual fiscal 2025. you can see that stock right now, up by 19% andrew >> thanks, becky joining me right here in washington, d.c. to talk aboutator artificial intelligence, the tech race, and so much more, eric schmidt is here cofounder of schmidt futures and the special competitive studies project. good morning to you. >> good to be here you're one of the most read-in people when it comes to the world of ai right now. and i think we're all trying to understand really almost, if you could stack rank all of these models and all of these companies for us, i think we'r all trying to understand who's ahead, who's behind, where does google stand relative to meta with llama, to open ai and microsoft. how do you see all of this >> first, i hate to tell you, but i think this stuff is underhyped zblur >> underhyped? >> not overhyped because the arrival of intelligence of a non-human form is really a big deal for the world. >> and you think it's here >> it's coming, it's here, it's to about happen, it