Q2 is at 10 the president says markets would crash if impeachment moves forward. Plus, vaping fallout Philip Morris joining us after calling off merger talks and shares of beyond meat soars, as mcdonalds begins testing, the plt, a tomato burger. The house impeachment inquiry remains in focus futures are pairing their gains as the house releases the whistleblower complaint. Joseph maguire is set to testify on the hill, before house intelligence well keep you apprised of headlines for that the president did retweet a comment this morning, suggesting that the markets would crash, if impeachment happens. The history of when clinton was impeached is one of the first day tech was down, 4. 5 . Nasdaq, after that, it was the greatest buyup effort. Im not going to buyin if the markets crash. I would buyin if he was convicted by the senate. You need twothirds of the senate i feel like where we are here is like, the whistleblower you know where were back to were back to one of the situation where
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. It is about 4,000 the bike is about 2,000 plus. I have one. The bike is quite a piece of equipment. It is heavy. It is really well made i just got one two weeks ago. You can have someone screaming at you you can go outside. It is there, all free. Eamon javers is with us the hardware is a highmargin product. Higher now than an iphone. It is the services and the investment and the media component costing them they are doing a lot of build outs is that recurring cost or eventually be built out . The
Says it will conduct daily repo operations to stabilize the lending market joining us for the hour, jim le camp happy friday investors dont like it when trade delegations cut their trip short. They dont, but god we can buy chinese dog leashes now. Theyve allowed a lot of things to happen and theyre not accelerating things so we need to get beyond what theyre ta talking about, beyond the saber rattling and looking at the actions. We havent ramped up tear i haves in a while then you look at the Federal Reserve board and while a lot of people were disappointed on wednesday when they didnt do too much more than say were going to cut it a quarter of a point, didnt give us a lot to go on in the future, it was more dovish than people look like he set the table for Balance Sheet expansion and Balance Sheet expansion may not be qe, but they could be mistaken as twins at a party its about the same thing. So yeah. I think some of these things are comeing off the boil whether its trade, Federal Re
Thats all anyone wants to know after another agonizing day where the dow plunged 760 points and the s p plummeted 2. 98 and this is because of chinas latest move to retaliate against trump by turning the trade war into a much feared currency war. We had big milestones that make me want to call the bottom most other markets, thats exactly what ive been doing but in this market, i think we need to be more cautious because i fear an opening tomorrow that will suck people in only to revisit the lows we saw today and then some and im not going to let that happen on my watch weve reached a level where the downside to upside ratio was 10 1. 101 the late great mark gains said you had to buy something. You had to buy something you had to buy anything or youll regret it he did call the haynes bottom 101 call. I grieve with the latest we seen all kinds of stocks get thrown out even though they have nothing to do with china were listening to crazy theories could what could happen next people are b
De dedra bosa, what did we miss they looked particularly ugly next to lyfts yesterday its quarterly loss was its biggest ever, now a large part of that was cost related to its ipo. But ubers also facing ridesharing competition in markets abroad like latin america and india. Competition is even stiffer in food delivery. We saw that play out in this earnings its either business, ceo telling us that it is likely they will keep losing money here for years as, quote, theres a lot of capital chasing a lot of growth. As for the question of overall profitability, this is what really matters most to the street, while lyft was pretty direct on their path last night, saying that last year was, in fact, peak losses for them, ubers ces on was less clear telling us, quote, we think that 2019 will be our peak investment year, and we think that 2020, 2021, youll see losses come down i think our break even is something that we can push the company to break even if we really wanted to frankly, he added,