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Transcripts for FOXNEWS FOX Friends First 20220121 10:45:00

todd: leaked report claiming peloton is halting production of the bike and treadmill. carley: cheryl casone is here and the ceo says that is not true. cheryl: pelloton is denying reports that sunk stock thursday. claim internal memo cited the company planned to delay until 2024 and pause bike production. the ceo issuing statement, rumors we are halting bike and tread are false. the stock fell about 24% or so yesterday. that was two-year low over the last 12 months stock is down 79%. it is actually looks like it will recover 7.5% when the market opens. they just announced price hikes. carley: pricey.

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