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those are pre-pandemic levels that will eventually lead to higher costs for autos, homes and other consumer debt. jobless claims climbed 286,000 last week. that s more than expected, the highest since october. layoffs are likely related to the omicron surge. jobless claims are still at pre-pandemic levels. all right. this pandemic winner, peloton. let s go, peloton. bring that thunder. bring that sunday, or maybe bring on some layoffs and a production reset. that s what the c.e.o. was saying after this bombshell cnbc report of a big drop in demand for the company s bikes. c.e.o. john foley acknowledging peloton is considering all options. he is denying rumors of a production halt production reset is what they re calling it. it sent shares plummeting 21%. the worst day in two months. the c.e.o. added the company plans legal action against a leaker of confidential company info. you know, you look at netflix, look at peloton.

Consumer debtOmicron surgeProduction resetPandemic winnerLets goJohn foleyProduction haltBombshell cnbcConfidential company info