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
britain s ecomomy is expected to have gone into reverse shrinking by 0.1%. and if that continues for the rest of the year two quarters of negative growth that would constitute a recession. the bank of england has raised the cost of borrowing to a 15 year high, to try to rein in soaring prices, and that s weighing heavily on many businesses and households. on thursday, official data showed a steep jump in the number of people falling behind on mortgage payments. our cost of living correspondent, colletta smith, reports. good morning, donna speaking, how may i help? with rates on the up, more people have been struggling to pay their mortgage bill. don t worry, i m sure we can get this sorted out for you. ..and an increasing number are now officially in arrears. you know, nobody wants to send debt collectors to your door. nobody wants that. that s not what we want. we want to help you, we want to get a solution in place with you, but we can only do that if you give us a ca
We are rising to the highs. Down,hich is taken a leg has not taken a bite out of stocks. That has been unusual in recent days. Its been all over the map today and trading has not had a lot of rhyme or reason. There has been a lot of talk about russias saying its going to talk with other opec producers with opec producers about cutting production. Then some holes are poked and that. That happened earlier in an oil went back up again and then it went down again. Take a look at my terminal to compare what happened intraday between stocks and oil in yellow. Stocks taking a leg up. That is really different from what we have seen of late for u. S. Markets. I want to take a look at the groups on the move. Energy is the worstperforming group. Today,ogy is really back up better than 2. 5 . It is not just tech. Notable that stocks are holding up despite that oil downturn. Scarlet we are ending the month on a strong note. In terms of january it has been pretty ugly. Julie it has. The rally we hav
See. Facebook will be able to shape them based on the history of web surfing. They will also be able to adjust those profiles, adding or removing certain categories. Shares in the moneylosing company, which develops software platforms, are up about 18 so far today. We will be talking to the mobile iron ceo later in the show. Is withial guest host us, roger. He was an early investor in facebook, yelp, and others. He also cofounded silver lake partners, the First Private Equity Fund focused on technology. Shows also done over 100 this year with his band. I used to play guitar. Maybe we can lay after. Every greenroom executive should have a couple of instruments. Every great executive should have a couple of and sermons. Executivea major change at twitter. Twitter ousting their coo really suddenly. He resigned his position. I should not say that he was ousted. The founder of the company said it will not name a new coo. This comes just seven months after pressure to get more user growth an
Facebook making changes and how it shows ads to users will have a major impact on advertisers. Users can decide just how they see the ads and what ads they see. Facebook will allow users to view ad profiles based on facebook and internet activity. We welcome our special guest host for this hour. An early investor in facebook and yell. Cofounder of silver lake partners, the First Private Equity Fund focused on technology. Hes also doing a hundred shows with his band this year. Every greenroom should have a few instruments. We have a story that broke overnight. A major executive change at twitter. Rowghani resigns his position although he will remain a Strategic Advisor to dick costolo. This comes after seven months after they go public. Weve seen a lot of pressure to boost growth and getting them to spend more on the service. What do you make of this . I think twitter remains an extraordinary opportunity lost and, i think, a bad User Experience. If i look at the embedding that twitter h