Dani katie welcome to Bloomberg Markets. You look at markets at the moment and you can see there some green on the screen a high me. You can see the s p 500 currently up by about 3 10 of a percent. You look at big tech right now the nasdaq 100 even higher paid 4 10 of a percent. Small moves overall. A change in direction after a pretty rocky start. Taking a look at the Philadelphia Semiconductor index you can see that sleeving games right now. Lets get right to one of the big stories today and that is peloton. The Fitness Company announcing its ceo is stepping down after two years. Its also cutting 15 of staff as part of its restructuring efforts and among Bloomberg Technology joins us with more details and i hate to say this was a surprise what was your reaction . Ed the Market Action is a big surprise. We were climbing steady, session highs 18 . Took the resistance off. Speed and power now we are at a flat road. Completely flat on the stock. It is astonishing trading and the markets
Resilient Western Force: The Perth-based outfit took another significant step on their return to Australia’s top-tier by claiming a narrow 16-15 triumph over Melbourne Rebels on Friday. It was a pretty awful game but still a significant win for the Force, who have now won two matches this season. After falling to eight successive defeats in 2020, this is proving to be a much more positive season. There is enough quality in their squad to see them compete while there is evidently plenty of spirit in their squad as a late converted try from Tim Anstee helped them to edge past the Rebels.