peloton losing more than three quarters of its value this year. is a rebound in store for 2022 let's take a look at the futures right now. dow has given back some of its earlier gains. it's about flat. up one point at this time. s&p 500 indicated to open about 4.6 points higher. more squawk on the street ahead. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. you're a one-man stitchwork master. but your staffing plan needs to go up a size. 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 what does a foster kid need from you? to be brave. to show up. for staying connected. the questions they weren't able to ask. show up for the first day of school, the last day at their current address. for the mornings when everything's wrong. for the manicure that makes everything right, for right now. show up, however you can, for the foster kids who need it most— at helpfosterch

peloton. they just showed major execution issues between then and now to make you wonder about them, anything more than a fleeting play on that stay-at-home trade. in this inveenvironment stick wh the highest quality or look 6 to 12 months out, the big dips create great opportunities like covid did for good or bad, but it did in march and april of 2020 looks like we're getting a similar, not that dramatic, but a similar setup here >> jim cramer. loved your book and it's a great retrospective. during that period of the times you and i have been around it does seem that companies that come back the fastest are the f.a.a.n.g. stocks, and i wanted to get your advice on when you see people shut in again because of a virus, amazon has worked, you mentioned that, and people were worried amazon was having a weaker holiday season. doesn't this in the last five days make up for it? >> it may well thanks for -- your help with the input on the book there. this stock has traded sideways, the way i think ab

he's alive. >> julia, i don't know how much of the move down in peloton can be blamed on that. but folks were looking for something. >> i think the news cycle moves fast and the brands have to as well i think this is smart of ryan reynolds to do this ad and also very smart of pell on the. >> yes now as we mentioned with the markets let's see -- hanging in there. a lot more on that coming up in the half with scott wapner >> apple approaching $3 trillion in market cap, and the fed's critical discussion this week. we will debate how all of it impacts the market's road ahead and of course your money joining me, brenda, steve weiss, john najarian. let's check stocks we are coming off the best week since march lower across the board. decidedly so the market is down 320 s&

peloton has pulled its new commercial starring chris noth. in a statement, peloton said every sexual assault allegation must be taken seriously. >>> coming up, betty white back in the news with a new movie. >> but first, when we come back, what we are learning about a dramatic scene. teenagers racing to escape a burning building. my plaque psoriasis... ...the itching... the burning. the stinging. my skin was no longer mine. my psoriatic arthritis, made my joints stiff, swollen... painful. emerge tremfyant®. with tremfya®, adults with moderate to severe plaque psoriasis... ...can uncover clearer skin and improve symptoms at 16 weeks. tremfya® is the only medication of its kind also approved for adults with active psoriatic arthritis. serious allergic reactions may occur. tremfya® may increase your risk of infections and lower your ability to fight them. tell your doctor if you have an infection or symptoms or if you had a vaccine or plan to. emerge tremfyant® with tremfya®... ask you doctor about tremfya® today. i recommend nature made

big, happy and healthy with the peloton instructor. the ad written by ryan reynolds. >> not just any instructor, but the peloton instructor from that show -- >> and a lot of people are saying that she did not call 911 fast enough. >> there you have it. >>> you can see behind kari right now, the rain and wet weather throughout the morning. >> yes, we are going to talk about how much rain we already measured. mount tam at 8 1/2, and it continues to go up. marin measuring over five inches of rain. santa rosa, a little over two inches of rain. fairfield nearing an inch and a half there. and then in danville right now, over half an inch of rain while san josÉ, we're still trying here. we got about 0.1 of an inch of rain so far. i think it will continue to add up now that we are seeing a cluster of heavy rain moving over the santa cruz mountains and reaching into the south bay. this is also going to bring some of the heavy rain over towards morgan hill and gilroy over the next couple of hours. this is where we will be watching very closely,

. >> i did want to call your attention to shares of peloton and talk about it for just a minute it did get downgraded this morning, as if it needed any other bit of tough news to digest at such a tough year. it does get downyayed. jmp securities goes to market performy outperform. they cite declining website visits and page views. there's the stock, down 75%, and it's been, mike, a pretty brutal year for so-called stay-at-home names. zoom is down 44%, docusign is down 30%, chegg down, and just a real critical question coming into 2022 is what happens to stocks like this in the new year there will be a lot of focus on names like peloton it remains a favorite name in some quarters, but talk about crashing the bike. [ laughter ] >> a two-year chart of peloton tells an amazing story you're back down to levels first reached in early february of 2020, so a massive pandemic surge, and then all these stocks are suffering right now for the overshoots that an excitable investor base took them to in the early days of the robinhood mania, and where momentum was all you needed people were willing t

ride, peloton right now down about 2%. the video game meltdown continues with roblox sliding 9.6% right now after reporting a reduction in daily active users for the month of november. the sell-off follows a 10% dip in video game sales last month. breaking a six-month streak of gains, and speaking of video game world sega a u.s. naval nothing the original 1991 hot games sonic the hedgehog will be making a comeback this time for tesla arcade. the infotainment service that tesla cars offer. the game will be available on all tesla models the company did not share a release date. tesla has actually turned around it had been lower much of the session, it is now up about 1%, and of course there is separate news, there was a tragic accident in paris involving an off off-duty tesla taxi, one person killed another 20 injured the taxi firm said it had temporarily suspended its fleet of 37 tesla model 3's following the accident. tesla officials say there's no indication at this hour the accident was caused by any technical fault in t

peloton pulling its ad with the actor. >>> the major development involving those american and canadian hostages in haiti. the remaining 12 hostages released. >>> in new york city, the apartment building on fire. the teenager seen climbing out from the fourth floor. >>> the breaking headline as we come on the air tonight involving actor alec baldwin and the search warrant now issued for his cell phone. >>> christmas eve, one week from tomorrow. and your money tonight. where are the deals? our reporter on what to look for right now. >>> christmas apparently coming early for bruce springsteen, selling his music catalog. the price? it proves he's the boss. >>> and america strong tonight. the president awarding the medal of honor to three soldiers, three heroes. their stories will move you. >>> good evening and it's great to have you with us here on a thursday night. christmas eve is one week from tomorrow. millions of families preparing for the holidays and now we find ourselves dealing with this new variant, spreading very quickly. covid cases surging to the highest point in a year now an

well, that's sort of a funny way to put it, isn't it, for peloton. but nobody's standing still. >> exactly if you look at it, valuation matters. what is peloton saying our cash flows will be much greater in the future. you get that discounted back in today's dollars, it's worth a lot less nobody is staying at the same place. the mote around their business is disappearing. two things are happening you've got more competitors in that space the apples of the world, fitbits, and the other part people have to understand is that we are reopening and this was a great story when we were stuck at home and in a reopening world, this stock needs to really reflect earnings growth not just revenue growth in company that people are going to be focused on rejiggering their portfolio, hey, i want companies in today's dollars >> we've covered these four stocks, actually, let's broaden out a bit. is the economy ready for what you think the fed is going to do in other words, begin to withdraw cash from the system, with what the fed's goening to say. that is what we're

taylor swift's latest collab with peloton. the fitness brand finally adding the singer's music to their classes for cycling. the songs will come from "red: taylor's version," the re-recorded version of her 2012 album. peloton has been running its classes for several years. other participants include queen bey, justin bieber and miley cyrus. >> the tears on those hill climbs. ten minutes long. i can't wait to see it. >> all too long. >> at that point you have to shake it off. >> there it is. great news for swifties like me, and less exciting for my neighbors who are going to hear me screaming on my peloton. >>> next, singing phenom olivia rodrigo is giving her fans a look at her past, and the singer posted a christmas song on social media written when she was only 5 years old, you guys. ♪ ♪ >> will, this is incredible. you know what? i have to say, will. we've worked on overnights. the first time i anchored "gma" together, we had a grateful cry afterwards and i think we might do it you were fantastic. >> bring out the kleen

of the move down in peloton can be blamed on that. but folks were looking for something. >> i think the news cycle moves fast and the brands have to as well i think this is smart of ryan reynolds to do this ad and also very smart of pell on the. >> yes now as we mentioned with the markets let's see -- hanging in there. a lot more on that coming up in the half with scott wapner >> apple approaching $3 trillion in market cap, and the fed's critical discussion this week. we will debate how all of it impacts the market's road ahead and of course your money joining me, brenda, steve weiss, john najarian. let's check stocks we are coming off the best week since march lower across the board. decidedly so the market is down 320 s&p down the fed likely to beginning of turn in policy we have the virus, the omicron virus of specific concern out of the uk i showed you the market. one of the comments from you, you are holding 25% cash that's larger than normal. you think we are going to get a better entry point yeah, i have been holding that cash

peloton pulling its ad with the actor. >>> the major development involving those american and canadian hostages in haiti. the remaining 12 hostages released. >>> in new york city, the apartment building on fire. the teenager seen climbing out from the fourth floor. >>> the breaking headline as we come on the air tonight involving actor alec baldwin and the search warrant now issued for his cell phone. >>> christmas eve, one week from tomorrow. and your money tonight. where are the deals? our reporter on what to look for right now. >>> christmas apparently coming early for bruce springsteen, selling his music catalog. the price? it proves he's the boss. >>> and america strong tonight. the president awarding the medal of honor to three soldiers, three heroes. their stories will move you. >>> good evening and it's great to have you with us here on a thursday night. christmas eve is one week from tomorrow. millions of families preparing for the holidays, and now we find ourselves dealing with this new variant, spreading very quickly. covid cases surging to the highest point in a year now a

emily: peloton is adding a boxing program. the training classes can be delivered by the app or the bike and treadmill touchscreen. it is struggling with sales low after the pandemic eases but many of its existing customers have been doing fewer workouts. coming up, the state of cybersecurity. we will talk about the latest survey on cybersecurity in 2021 and his outlook for 2022. that is next. this is bloomberg. ♪ ♪ emily: google is suing to russian nationals for an organized crime scheme. a criminal enterprise has infiltrated one million computers around the world it alleges. it says it has created a botnet to seal users. cybersecurity has been a growing concern for the biden administration. cyberattacks multiply including from countries like russia and china. microsoft says they see control of several websites used by us chinese government backed hacking group to target organizations in 29 countries including the u.s. we will dive into this with george herz. what do you make of this news for microsoft that they disrupted

caroline: remind us how you are different from peloton. why is beachbody different from their workouts? >> beachbody is unique because we have never been a one-sided approach. we have an incredible catalog of content. we have an amazing connected ike which uses content training that feels like a class, but we also have nutrition programs to help people make better food choices and control their portions. without feeling like you are on a diet, you're getting great results because you're doing the work out on the bike or in front of the screen, but you can't control your food. caroline: shout out to p90 x. i'm finding that our director did it and loved it. after i interviewed you previously, i have never had such an outpouring on twitter of people who loved the product but have also been deeply upset by the roller coaster ride of your share prices. how has that been? >> it is definitely different. normally, you have control to be able to work through headwinds outside of the public eye. as the largest single shareholder of the company, i ha

peloton down again after a 11% slide yesterday. we'll hit that one and oracle comes to life. 16%. actually done really well this year we'll hit the movers in the market zone. we'll be right back. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com >>> let's check in on the individual market movers shares of moderna falling today after releasing early data around the mrna flu vaccine. protects against four strains and enclear if there's more protection compared to the current vaccine on the market. credit suisse downgrading peloton and cut the price target, slashed it to $50 from $112 saying the return of in-person fitness are headwinds for the company and getting social media buzz after the

pel peloton down graded and noting a number of head winds include of out of home fitness. plug your years for my spoiler alert. the new revival show and just like that, which kills off mr. big with a heart attack on his peloton elicited a response from the company can't be helping shares either >> that was actually on in my house last night, morgan and i couldn't watch i couldn't watch mr. big come on. how could they do that to him? yeah all right. inflation rising to 6.8% that is the highest since 1982 putting pressure on the economic recovery and of the course, all eyes continue to be on the fed my eyes, your eyes what do you think? >> where else would you look i mean the november report underscores three important and worrisome parts of the inflation story. it's widespread. the 6.8% headline given to you by the one and only david faber. mark the highest rate of cpi since 82 and the core rate is continuing to rise. that's 4.9%, the highest since 1991 the key is that it's not just energy or food, both of which are up strongly this year. apparel's up 5%. used car prices up

peloton is adding a boxing program. the training classes can be delivered by the app or the bike and treadmill touchscreen. it is struggling with sales low -- a sales slow down after the pandemic eases but many of its existing customers see if boxing helps. coming up the state of , cybersecurity. we will talk about the latest survey on cybersecurity in 2021 and his outlook for 2022. that is next. this is bloomberg. ♪ emily: google is suing two russian nationals for an organized crime scheme. a criminal enterprise has infiltrated one million computers and devices around the world. google says it has created a botnet to steal users. cybersecurity has been a growing concern for the biden administration. cyberattacks multiply including from countries like russia and china. microsoft says they see control of several websites used by us -- used by a chinese government backed hacking group to target organizations in 29 countries including the u.s. i want to take a deeper dive into this with george herz. what do you make of t

he spoke to a hollywood reporter and said, by pure luck, we have been talking to peloton. i met the ceo for the first time on december 3. gmail this right after the episode aired. we knew what to do. lisa: the fact that we are continuing to talk about pellets on -- -- about pellets on -- about peloton. -- we can move past the cardiologist's point. this question of the politicized asian of the federal reserve. people are watching the fed that much more closely, because inflation is becoming a political issue. dan stanley said, although we agreed that it seems more politically motivated than data driven, this will be policy in the hawkish direction. the idea of this pivot that jay powell experienced does seem to be a direct response to washington. i am trying to square that with the idea of an independent federal reserve. jonathan: you do not think it is data-driven? i would say this is a man who has ignored some of the incoming data until recently. lisa: people look at the desert that they want and say that is going to fade away. right now, the data overwhelmingly shows inf

believe i was about to wade into a pretty dicey topic obviously involving women and i think it was the peloton commercial so it was about weight loss and wives and it was treacherous. [laughter] so i had some commentary prepared that i thought was a little on the edge and i said dana i'm about to address the topic but i want you to hold my hand and i want you to squeeze it if i start going off the rails. [laughter] and she couldn't do that when we were remote during the pandemic so thank god i made it. >> a question over there. >> to your left sir. >> hi jesse. my name is juliette and thank you for being here. my question to you is why didn't you make your book audible? >> i was going to read it but am literally just had jesse jr. and we had gotten back from the hospital that day and i would have had to spend the first entire week after jesse jr. and emma had gotten back to the hospital at 8:00 a.m. to 4:00 p.m. recording the audio book and i just didn't want to do that so i had some other guy read it with a much cooler voice and i had. >> right here in front, jesse. >> have you asked john kas

certainly cases from omicron have risen, but these classic names like zoom and peloton haven't really done anything >> no, and i think that's much more about the kind of unique circumstances that took those type of stocks to fairly extreme valuations the sort of broken momentum after that went by the wayside has been tough to recover because it's not as if they're outright cheap on an ongoing basis if you can consider somewhat of a normal economy that's one of the reasons i think people have become frustrated a lot of hedge funds have liquidated those names beat up stocks, riskier stocks, lower quality stocks tend to have a revival into a new year if the pattern is going to hold, but it doesn't mean they're going to lead the market >> good way to start the hour. appreciate that. and mike mentions amazon we want to stick with the retail numbers because the holiday sales data was pretty hot, especially when you drill down into e-commerce. hey, courtney. >> hi, carl. so another strong holiday for online sales up 11% compared to last year up 61.4% from 2019 that's between november 1st and

. ♪♪ maria: morning mover right now, peloton with the stock back on the rise after big selloff last week it's up 3%. it hit a 19 month low last week from a rather unflattering pro trail on hbo's new reboot of sex and the city. get ready for that stock trading higher this morning which shareholders reminded about a class-action lawsuit involving allegation of misleading statements over company inventory. pellets on having a wild couple of weeks. futures are in the green as investors are betting on a growth for the economy with the dow jones of 86, s&p 500 and nasdaq higher by 67. all three major indices finished up friday. despite novembers consumer price index coming in at 6.8%, the annualized number for inflation at a 40 year high expectations of the federal reserve to begin tightening stocks continue trading higher. the last fed meeting of the year begins tomorrow with a two day meeting tuesday and wednesday and we will get a window into the fence thinking in terms of when rates start moving higher. three rate hikes priced into this market and joining me now chief investment officer br

tonight peloton pulled the ad. cbs says it is not responding to any inquiries. as for the los angeles police department, it says it will look into the nature of the report. norah? >> jericka duncan, thank you. >>> all right. still ahead, investigators issue a search warrant for alec baldwin's cell phone. what are they looking for? frequent heartburn? not anymore. the prilosec otc two-week challenge is helping people love what they love again. just one pill a day. 24 hours. zero heartburn. because life starts when heartburn stops. take the challenge at prilosecotc dot com. new vicks convenience pack. dayquil severe for you... and daily vicks super c for me. vicks super c is a daily supplement with vitamin c and b vitamins to help energize and replenish. dayquil severe is a max strength daytime, coughing, power through your day, medicine. new from vicks. not only do centrum multigummies taste great. they help support your immune defenses, too. because a healthy life. starts with a healthy immune system. with vitamins c and d, and zinc. getting out there has never

a new peloton ad features him alive and well, plays mr. big who suffered a fatal heart attack in in just like that. the stock fell after the first episode. >> i am glad you said spoiler alert because i do not want the fans coming for us today. we don't want the smoke. >> right. i know. hang on a second, didn't see it yet! sorry. i am bothered by that. >> yeah. >> yes indeed. >> makes you wonder if this was planned a little bit. we'll see. we'll see. >> we'll see. >> we'll see you at 6:30 when the stock market opens. thank you. >>> coming up on kpix5 and streaming on cbsn bay area. >> new red suit wearing creature in the water making quite an impression for kids. >>> holiday crowd braving freezing temperatures all for a good cause. >>> i am tracking rain and wind with this atmospheric river slamming the bay area. we have several storm reports out there. in fact check this out, this new one coming in with 12 inches of water on the road way in oakland causing three lanes blocked. please be careful. gianna will have more on your traffic report

peloton down sharply and others are following. down double digits, as well. slump down and peloton down 26%. the outlook for many of these stocks is mixed. but even with ark down 22% year to date, cathie wood is bullish. she wrote on twitter, quote, in our view, fears of inflation will give way to confusion and fears of recession during the next three to six months if so, the rapid growth rates of truly innovative companies, many of their equities maligned this year, should be rewarded handsomely nilay, i want to start there with you because we did see cathie wood's ark innovation down 21% this year and one o the high fliers and the old economy with inflation and high inventories and low confidence so go with the truly innovative companies and she says that they're going to pay off in the next three to six months do you think that she's just hoping this time it's true or do you see that happening in the next couple quarters >> i do see it happening i think one of the biggest names especially in tech the way it is now is the way it is going to be forever. if y

where his character dies on a peloton. they've scrubbed it, deleted it from social media, and it seems as though this is a story not going away. unclear if he'll face any sort of legal repercussions, but, remember, in the midst of the few years since the me-too movement has given so many men and women that courage to come forward and to speak out, so it will be interesting to see what happens, if the new york district attorney's office looks to open this up. same with los angeles. but i'm no lawyer. there are statutes of limitations. it will be interesting to see what happens. >> chloe melas, thanks for following. >>> the ex-cop who says she confused her gun with her taser when she shot and killed daunte wright is expected to take the stand today. >> miss potter, do you still want to testify or have you changed your mind? >> yes, your honor, i'll testify. >> if she is the first witness called, we'll bring you that testimony live. of move your high-interest debt to a sofi personal loan. earn $10 just for viewing your rate â

are constantly in flux you have morgan stanley saying they're comparing sort of rent the runway to a peloton or match group or spotify because it has to do with this subscriber growth they're saying, look, rent the runway will have higher revenue opportunities for growth but potentially lower profitability. sometimes it's also plopped into a comparative bucket with nonretail players that are subscription based >> regardless at five times sale it's an eye watering valuation we appreciate it be sure to catch jennifer hyman on "squawk box" at 7:15 a.m. eastern time >>> finally today food giant hormel reporting before the bell tomorrow with investors looking for clues on inflation and labor. shares of hormel down 9% zeery analysts have a buy rating on this stock. dom, did you beg to give us the story here >> i want to give you the story because earlier this summer the team at the news with shepperd smith asked me to help tell a story about spam and i felt a connection to hormel and the story overall. no analysts have a buy rating. probably a reason why. if you take a look at the price action ove

the trading nation team is nancy tangler, quinn tetro nancy, really bad year for zoom and peloton >> yeah. our naughty list includes square or block they're in the perfect space for disruption but they faced a number of hurdles this year. not just that recent regulatory concerns about buy now pay later, but worries about slowdowns in payments, as fiscal stimulus checks began to fade into history, and, of course, the company has had, you know, spotty leadership, now we have that problem solved and there's a lot of good news going into 2022 they have a partnership with tiktok that includes a billion users who purchased -- 50% of whom purchased goods from tiktok and square will benefit from that the fees are attractive there. you have afterpay, that merger is in the books. you have a company that has introduced a number of new applications, so the ecosystem for square has improved dramatically it's down 27%, viable in our work we bought it and added to it re recently at the end of year selloff. >> you have your eye on block. and quint, you have your eye on a hospitality name >> las vega

cases we are seeing less of a rotation into big cap and the stay-at-home companies like teladoc and peloton. i know mike will be coming up to talk about that, but there are a lot of notes out there about over valuation, especially in software let's get defensive. you have consumer staples throwing some health care in there. there's some companies like clorox and kimberly-clark getting a boost from omicron i know i added some clorox on my desk even crypto not spared bitcoin hitting a low of 45,610 earlier. now you are seeing 46,145, still up over 65% year-to-date 58% actually, on pace for the third straight positive year well ether, along with that ether, a positive note, up over 400% year-to-date. kelly, back to you >> christina, thank you. good luck to those parents of yours. >> they're stuck >> so frustrating. everyone is dealing with it. >>> let's turn to michael santoli now. he has the breakdown on this breakdown in psychology, really a breakdown in the markets maybe it is a bit of both, michael. >> yes, they're absolutely linked, kelly. you know, it has been a recent turn in the last f

peloton, which used him in a commercial as mr. big, pulled the ad. cbs says it is not responding to inquiries. the los angeles police department says it will look into the nature of this report. skwrer rica duncan, cbs news, new york. >>> the remaining members of a missionary group held hostage in haiti have been released. they were kidnapped by a gang two months ago. 17 people altogether, including 16 americans. a police spokesperson did not provide additional details about the release. it is also unclear just how much, if any, of the million dollar ran some per person was paid. >>> and coming up, movie set shooting investigation. why authorities want actor alec baldwin's iphone. >>> later, a golden girl marks a milestone. however betty white wants you to join in her birthday celebration. this is the "cbs morning news". . ♪ ♪ ♪ ♪ this year take the time to melt into your holiday moments with lindor. ♪ ♪ irresistibly smooth chocolate. from the lindt master chocolatier. one role of a lifetime...one sore throat. but she had enough. irresist

tech is taking harsh blows the entire session flip it over to the nasdaq down 192 points or 1.25%, peloton at the very bottom here, and the s&p selling off in this final hour to the tune of, and again, it was worse here, we're down about 60 points low of the session a loss of 89 points. on this risk-off day investors appear to be gang rushing safe havens. government treasury is the play the 10 year yield standing right now at 1.42%, that is a huge improvement from this morning and even from friday where we closed at about i believe 1.4% which was a two week low this morning i was looking we had the 10 year at 1.387 but again, a little bit of sort of positive maybe coming into the markets in this final hour of trade. either way low rates should be good for financials but at this hour not good. we do have some of the majors in the financial world moving in the red, jpmorgan bank of america morgan stanley,citi, goldman sachs all losing here, goldman sachs down the most about 3.25%. let me backup here because the hemorrhaging began overnight in asia where multiple stock exchanges cratered. jap

very close to over and is t ends at some point next year at some point there is no one left to sell peloton or zoom the question to one of the panelists is, is it a problem for the stock market in particular, if you see the fed get more hawkish and i would say, oh, of course it is look at what has happened in the russell 2000 and small caps. they're down 11 1/2 percent in a few weeks from an all-time high after it broke out, it finally confirmed, all of the new highs, we have 67 of this this year in the s&p 500. that is the most in decades if you exclude 1995 here. so there is an over exuberance in some of the kind of -- the very names that i think karen is talking about, right it is the low p.e. growth names that is apple, microsoft, it is google, and could make the argument that even where rates are right here, they're not particularly cheap and dangerous if you consider about how much money is concentrated in them when you consider the weakness in small caps. you could consider the weakness in some of the high growth high valuation names, in spacs, in ipos, in meme stocks something is co

city is cutting its price on peloton. peloton has been down sharply. jim cramer talking about peloton today in his investing club news letter to sign up go to cnbc.com/investingclub or point your phone right there at the qr code on the screen >>> despite some big declines for renewable energy stocks this year, clean tech is attracting major investments in the private market pip pa stevens has that story. >> the ishares fund is down. in the private market we are seeing record numbers. more than 60 billion went to climb tech during the first half of the year according to the pwc. the number of active climate tech investors jumped to more than 1,600 from less than 900 a year ago spacs have been a key source of capital for the group raising 25 billion through june ess and proterra are the names which have chosen the spac route. lucid, wallbox and faraday future are several of the ev deals we've seen so far this year >> does the money get tied at all to the fate of the build back better plan which was going to allocate millions to clean energy or is this co

that start to come apart over the next couple of months, but there are companies and i don't think peloton is one of them and i don't think teledoc is one of them because i don't see convincing mode around their business and others have sold off dramatically also, biotech broadly, so biotech's not been down in terms of etfs. two years in a row for as long as you can remember, and, and and the exposure, which is holdings the xpi and the ibb and smaller. i don't have to worry about single-company risk and i do think it will be a great place to go because they've been under such pressure this year. so yes, you can find opportunities. i'd be careful, though the pops th this year some want to book their gains for the year so i'd wait to buy them because i do think you'll get another opportunity and let's be clear your dcf models that these companies are valued on and the discount cash flow and the inputs are higher which means they're going to be worth less >> you do, farmer jim, have to have a bit of a vision when you're buying these names whether it's our own josh brown. it's cathie wood who

well, guess where the pelotons are made? they're made in china. so, there's more trade, more exports from china to the u.s. and yet, you have these geopolitical and human rights concerns. so, it's a complicated balance. and -- but i think, at the end of the day, biden is handling it pretty well. >> the president -- president biden -- sees himself as you well know, fareed, in a fight for democracy over authoritarianism. just how high are the stakes for president biden right now in dealing with this? >> i think the stakes in ukraine are very high because they're clearly -- vladimir putin is pushing and trying to get a sense of how much he can intimidate ukraine, how much he can intimidate the west. that game has to be played very carefully because a miscalculation here or miscalculation there and you could end up with an outright invasion of ukraine. then, nato has to decide what to do. i think it doesn't get higher stakes than that. with china, it's a longer game. and the united states has to find a way to be credible with china but also to recogni

and take a look at shares of peloton. while falling, on a downgrade this morning. j & p securities cutting to market perform from outperform. raymond james warned they see peloton subscriptions coming in lower than the company's forecast. this is one of the stay-at-home winners, now it's a bit of a loser, down more than 1 and-a-half percent this morning. futures are down this morning. we've had a pretty strong week for markets. just want to remind you here. this is the final trading day of 2021 with the dow down 54, s&p down 7 and-a-half, nasdaq down 26 and change but overall the markets have had a very strong year and we are up for the entire year. joining me now, wealth consulting group ceo, jimmy lee. and also joining the conversation all morning long, new york post opinion editor, kelly jane torrance and former trump state department senior advisor, christian whiten. good morning to all of you. jimmy, i am going to start with you on these markets. your thoughts on the year that is wrapping up today? >> good morning, cheryl. and happy new year. what an amazing y

at character dies from a heart attack after a peloton workout. hilton quickly released a statement saying while the company was aware that a bike would be used in the episode, i did not know the extent the larger context surrounding the scene. hilton also said the characters heart attack was likely caused by an unhealthy lifestyle and not by the workout on peloton. equipment dollar general stores are trying to hone in on a new crowd with the new store approach. the variety changes count store wants to attract a younger and wealthier crowd, so it's going to start about 1000 so called pop shelf stores there will be in different locations around the country. dollar general says pop shop buyers have more money and tend to be in more suburban locations. the company says. pop shelf stores sell higher profit items like homegoods and seasonal decor and their shoppers are filling up bigger baskets. barrier. whether we have clear skies, some cold numbers overnight and threes warning first thing tomorrow morning, we'll talk more about that and some heavy ra

help you everyday. >>> welcome back the nasdaq is now down just over 2.5% it's been a gut check on peloton. it's been a gut check, down from the all-time high. they say although it has been a tough ride in 2021, patience will be rewarded and right now the market is looking at the company as a stay at home play just like the office, they think the hybrid work model extends to fitness, too price target of $76. "tech check" will be back in a few minutes. up would be the operative word there pal. oh, yeah, yeah. sorry, have a good day! if you ride, you get it. - come on in! oh wow, we're really backed up. geico motorcycle. fifteen minutes could save you fifteen percent or more. >> it's been a hurricane week for tech stocks. a perfect storm for cloud week here on "tech check. take a look at some of the stock performance, docusign, elastic, sales force hit hard snowflake popped on its results and still down 7% in the last week and box a few names in the green. leaders across the sector this week take a listen. we are kicking off cloud week here on "tech check," perfect week given the enterprise

strengthens your heart muscle and reduces blood fat levels >> ryan reynold there is, riding to the rescue for peloton to bring mr. big back from the dead in a new commercial. the fitness company took a hit >> i haven't seen it yet, so i had to cover it a little bit and just move on let's talk about this that happened last night. >> and the new miss universe is -- india! >> a strong advocate for women's empowment, she won over 79 other contestants. this marks the second covid era miss universe pageant. >> still ahead, there's a new sheriff in town, and she's making history in louisiana. a saying goodbye to one of mexico's most revered musicians. we'll be right back. just like the men and women who wear it on their uniforms and the country it represents. they're all only meant to move one direction which is why we fly it this way on the flanks of the all-new grand wagoneer. moving boldly and unstoppably forward. cheez-it snap'd! they're on a mission to save every sandwich from a boring bag of chips. noooo! sandwiches meet your cheesy, thin, crispy cheez-it snap'd savior. so cheesy! so cheesy. cheez-it

. >> though if you were smart enough to have shorted zoom, peloton, docusign. >> the three musketeers -- >> -- you are having a great year me ville is still down even though it's's 20% up on the new money he got tiger global only up 6.1 these hedge funds are not doing what they're supposed to go, which is making those kinds of decisions. >> there was an up grade with peloton. >> deutsche initiates buy, 76. >> the time is now okay hybrid work model. i prefer sherwin-williams, as i mentioned, but palo alto, he brought the little thing that you can have for your home to keep your cyber house safe it looks like a big alexa >> can we talk nvidia. >> do you ever call -- >> no, i don't have alexa. i don't like something listening all the time. >> you say "i'm sorry," she says "it's okay." >> let's talk about nvidia it's a news story, so we're going to talk about it. >> citi says only a 5% chance now. >> the ftc is blocking the billion dollar acquisition. >> it's a hearing, come on, david. >> let's talk about the ftc. it's not the only deal did you see they also came out to block great outdoo

and ride my peloton bike and love the product but the stock now just isn't performing. we are not tempted to get into those now. really, we're focusing more on some ofthose financial names we like the financials and we also like some of those consumer-facing names. saw the fed upgrade the growth projections going forward and think a lot of it lies on the consumer and strength of the consumer we like some of those names as well. >> katie, in terms of what the u.s. dollar has done of late, are you expecting a significant rally as the fed does get more hawkish or not >> look at the dollar. see a pretty big double bot numb place this year for the dollar suggesting it will continue to strengthen in the coming months. we're looking for more of the same from the dollar with this positive momentum behind it. same time, yields are sort of grinding sidew ways to lower, expect more of the same there. what we're watching is gold. a bit fickle, you can imagine, and on the chart, end result is quite neutral. so with these wild swings on a short-term basis with gold, best thing we can

who women says he assaulted them in 2004 and 2015 peloton pulled its viral commercial poking fun at the death in the "sex in the city" sequel noth called them categorically false. >> reporter: in the wake of a promotional blitz featuring "sex in the city" mr. big sexual assault allegations against hollywood star chris noth. two women accusing him of separate incidents in 2004 and 2015 the hollywood reporter not identifying the women by name and both approached the reporter independently after seeing the spin-off just like that, one of the woman told the hollywood reporter the actor raped her in l.a. when she was 22 saying she went to the hospital and received stitches afterwards and told a friend and former bass what happened but didn't speak out, out of fear of losing her job another noted he assaulted her in her new york apartment. in the article, she brought up that he was married with children he said marriage is a sham mon knowing my is not real the next thing she knew, he was having sex in back of america's we were in front of a mirror i was crying when it happened. nbc news was n

it was a stay-at-home beneficiary and all the stocks, zoom video communications, peloton, things like that, they've all tumbled. yeti is still up double digits this year and it's trading about 27 times forward earnings. it's just not cheap. don't be surprised if 2022 turns out to be a much tougher year for it. jack: all right. viewer, you have been warned, carlton of, ben, jack, thanks for the warnings. don't forget to follow us on twitter at barron's online. that's all for us. merry christmas. we'll see you next week on barron's round table. today. ♪ ♪ >> a visionary architect. >> the building is iconic and maverick. >ambitious man of god. stuart: build an impossible church of glass. >> he was ready to give up multiple times. >> to creating the largest glass building in the world. >> okay. let's do it. >> the crystal cat

it was a stay-at-home beneficiary and all the stocks, zoom video communications, peloton, things like that, they've all tumbled. yeti is still up double digits this year and it's trading about 27 times forward earnings. it's just not cheap. don't be surprised if 2022 turns out to be a much tougher year for it. jack: all right. viewer, you have been warned, carlton of, ben, jack, thanks for the warnings. don't forget to follow us on twitter at barron's online. that's all for us. merry christmas. we'll see you next week on barron's round table. ♪ >>> from the fox studios in new york city, this is maria bartiromo's wall street. maria: hello and merry christmas to all. well come to the program that analyzes the week the that was and helps position you for the week ahead. i'm maria bartiromo. more major market moves in the abbreviated trading week this week, driven by easing fears over the omicron variant and higher consumer confidence. mark matson is here on where we go from here. plus, are you better off now than you were a year ago under president trump? the white house says you are,

it was a stay-at-home beneficiary and all the stocks, zoom video communications, peloton, things like that, they've all tumbled. yeti is still up double digits this year and it's trading about 27 times forward earnings. it's just not cheap. don't be surprised if 2022 turns out to be a much tougher year for it. jack: all right. viewer, you have been warned, carlton of, ben, jack, thanks for the warnings. don't forget to follow us on twitter at barron's online. that's all for us. merry christmas. we'll see you next week on barron's round table. ... dr. michael youssef: blessed and joyous christmas to you, and to your family, and to your loved ones. i know it has been a challenging year, but the joy of the lord of knowing that he came from heaven to redeem us and to take us to heaven with him-- and even those who have gone ahead of us, they are already in his presence celebrating. and i want to show you today in today's message what christmas really means, the fact that christ gives us

zoom peloton. zillow it's a type of stock under pressure and a final chart is a comparative chart with the tickers. it's the same. >> all right okay they're not even in the same industry for some of them. they are very characteristically moving in similar fashions i wonder, tony, what's the thought here you saw the charts that carter laid out and you saw what he mike did with his particular trade. what do you think of draft kings? what would you be doing here >> i think what we're seeing is, healthy from the market. to remove the froth and excess the head and shoulders pattern that carter showed you, i think a reasonable target. the one metric everybody is paying attention to is revenue growth when you have unprofitable companies like this growing, that's a concern for me. when you look at mike's trade structure, he's collecting 50% of the premium in the january options, that's a large amount of premium to collect in 45 days and with the calendar spread you have some losses to the down side this ha

get on that peloton or machine and ride let's get right to the stocks and stock market futures we are not seeing a big move in stock futures and why would we >> we get the interest rate call that's what everybody is waiting on with the holding pattern as well those numbers are up a tick. nasdaq numbers are down. even with everybody expecting one or some rate hikes next year government bonds posting a feg tiff return. 10-year yields well below inflation at 1.34% calling out 2 pm eastern time getting ready to make the most dramatic policy shift ever that could involve the twin towers tapering and tightening. they are different first, the taper a fed survey says the fed will speed up ending the monthly buying of bonds techover all in trouble. roughly 8% with those funds down 13%. the reason, low rates and cheap money make more investors feel more comfortable with higher valuations calling on valuation. a dozen other software stocks citing valuations and whether these companies can grow cash fast enough to keep up with expectations let's talk about that with richard cramer senior analysts