It's Tuesday, September 8th, welcome to Market Fullry.

I'm Chris Hill with me today, the one-in-L.

The one-in-L. Nate Bill Barker.

Good to see you, my friend.

Good to be back.

Transportation is the theme of today's show.

We're going to talk about GM's deal and the ripple effects from that, but we're going to start

with cycling, or at least a form of cycling, that is. shares of peloton up 10% this morning

the exercise equipment maker announced a couple of changes to its menu of

offerings they're cutting the price of their core exercise bike by more than 20%.

They are also adding a more expensive version of the bike.

They're also going to be adding a less expensive version of the

treadmill. I don't own Peloton but I totally understand why the stock is up. I mean

this is I think if you're a Peloton shareholder this this is what you want to see. You want to see them, among other things, broadening the number of things that they offer people.

Yeah, they're becoming more affordable, gives them more of a reach, especially if they can price the

core bike competitively and then get the subscription revenue added on top of that.

So it's largely good news.

They still have a very expensive, you know, on the bikes they're taking that down but the

treadmill is still above $4,000 which I don't think is, first of all, they don't have the same sort of brand association

with treadmills that they do with the stationary bikes.

And I think that they have plans to get that treadmill down sometime next year

a very substantial cut in the price of that

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