CNBC's Bob Pisani reports on the market action after the opening bell. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi U.S. stocks jumped for a second day as fears around a crisis in China’s property market eased somewhat and as the Federal Reserve kept current monetary stimulus in place for just a little bit longer. The Dow … [Read more...]
As Dow slumps, these traders debate buying opportunities
Sam Stovall, CFRA chief investment strategist, and Keith Lerner Truist co-CIO, join 'Squawk on the Street' to discuss Friday's market dip and when and where buying opportunities will come. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a … [Read more...]
NH investigating Merrill Lynch after clients allege they suffered over $200M in damages
A CNBC investigation has learned that the state securities regulator in New Hampshire is investigating hundreds of millions of dollars in alleged unauthorized trading, churning of customer accounts and excessive commissions at Merrill Lynch, as well as failure to supervise brokers in the firm’s Boston office. CNBC has also learned that Merrill Lynch and the regulator are in … [Read more...]
Merrill Lynch Wealth Management ‘very bullish’ on stocks — ‘the trend is your friend’
Andy Sieg, president of Merrill Lynch wealth management, join "Squawk Box" to discuss what to expect from the 2020 markets. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC … [Read more...]
Is Peloton going to $175? #AskHalftime
The "Halftime Report" traders answer viewer questions in #AskHalftime. Subscribe to CNBC Pro to access full episodes of Halftime Report: https://cnb.cx/3zei6DQ Following a monthslong delay, Peloton said Tuesday that a less expensive version of its treadmill is finally set to debut in the United States next week, with a slew of new safety features. Priced at $2,495, the … [Read more...]
Peloton shares tank after wider-than-expected Q1 loss
Kristina Partsinevelos joins 'Closing Bell' to report Peloton's first quarter earnings. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Peloton shares tumbled more than 25% on Thursday, after the company reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter. The company slashed its outlook … [Read more...]
How Peloton Can Compete In The Crowded Fitness Sector
With an inspiring story, robust team of instructors and a hyper-engaged community, Peloton became a household name during the pandemic. Peloton’s stock surged more than 500 percent by December 23rd 2020, quickly boosting a small startup into mega cap status in less than a year. But as the economy reopens, gyms and in person studios are also attracting people to work out … [Read more...]
Peloton fires back at ‘Sex & the City’ plot twist
Mark Douglas, MNTN president & CEO and Peloton SVP and head of global marketing Dara Treseder, discuss the company's ad campaign to deal with a situation that occurs in the first episode of 'And Just Like That,' a new chapter of 'Sex & the City.' For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Peloton wants users to know its … [Read more...]
Peloton stock down following earnings, as gross margins short of expectations
Peloton reported a loss in Q4. Gross margins fell significantly short of expectations. The company also announced it will drop the price of it's basic bike by $400. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Peloton said it’s lowering the price of its less expensive Bike machine by about 20% to $1,495, starting … [Read more...]
Peloton’s wild ride: Shares close to erasing all pandemic gains
Peloton drops below its pre-pandemic levels. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV … [Read more...]