Making Cents: Peloton founder departs, Amazon doubles max pay, high oil prices

NOW WE GO TO CONSUMER NEWS. AMAZON DOUBLING ITS MAX PAY AND PRICES ARE GETTING HHIG AS 2014. BRANDI: KELLY BROTHERS JOINING US LIVE WITH THE TOP BUSISSNE HEADLINES. LET’S START WITH PELOTON. THE FOUNDER LEAVING THE COMPANY. >>ELOTON WAS KIND OF THE ULTIMATE PANDEMIC STOCK IN ONE’S LIFE BEGAN TO RETURN TO NORMAL WE NEW DEMAND WOULD BEGIN TO SHRINK. YOU DID NOT KNOWY BHOW MUCH. OFTEN TIMES A FOUNDER HAS TO REALIZE IT SHOULD NOT BE ME LEADING THE COMPANY THROUGH THE NEXT PHASE. HE IS STPIEPNG ASIDE AND SO THEY ARE BRINGING IN A NEW CEO. THEY WILL LAY OFF ABOUT 2800 PEOPLE. THIS COMPANY GOT OFF TO A HOT START BUT THIS YEAR THE STOCK IS DOWN ABOUT 85% FROM ITS PRIOR HIGH. IT WILL MEET SOMEONE NEW AT THE HELM TO NAVIGATE. BRANDI: HOW MUCH DO YOU THINK IT’S PR HAS AFFECTETHD IS? WE KNOW ABOUT THE INCIDENT WHERE A PAIR OF DURABLE POPULAR SHOW DIED WHILE WRITING A PELOTON. HOW MUCH YOU TNKHI THAT’S PLAYING INTO THIS NOW? >> TRE’S NO DBTOU, NOT TO MENTION YOU HAVE THE $40 A MONTH FEE. THERE’S A LOT OF PEOPLE WHO JUST DECIDED IT’S A GREAT IDEA, THE CLASSES ARE TERRIFIC, WE USE THEM IN OUR FAMILY AS A MATTER OF FACT. WE LOVE THE CORE CLASSES, BUT A T OF PEOPLE JUST WANTED TO GET BACK TO THE GYM OR BACK OUTSIDE DOING THINGS. SO THEY OVER MANUFACTURED A LITTLE AND NOW THEY HAVE TO FIGURE OUT WHAT REAL LIFE LOOKS LIKE. YESTERDAY RUMORS WERE CIRCULATING AMANZO, NIKE, APPLE, THESE BIG COMPANIES WERE LOOKGIN AT MAYBE SWALLOWING UP PELOTON. I DON’T THINK IT WILL HAPPEN, AT LEAST NOT YET. TY: AMAZON STILL GOING GANGBUSTERS. DOUBLE MAX PAY. >> A LOT OF PEOPLE THINK MAX PAY, HOMINY PEOPLE GET THAT. THERE MAX PAY WAS ONLY 150 THOUSAND DOLLARS PER THEY ARE PUSHING IT UP TO $350,000 BID THAT’S THE BASE PAY. THE BIG THING HAS ALWAYS BEEN STKOC OPTIONS GOOD MANY MIDDLE MANAGERS CAN GET. THE STOCK OPTIONS ARE IN PLACE, THEY WANTED TO PHUS THAT BECAUSE THEY REALIZE WE ARE IN A LABOR SHORTAGE AND YOU HAVTOE FIGHT TO KEEP ALL YOUR EMPLOYEES AND TO ATTRACT NEW ONES. AMAZON IN THE LASTWO T YEARS HAS ADDED 800,000 EMPLOYEES, THERE GONE FROM 800,000 TO 1.6 MILLNIO EMPLOYEES. THEY HAVE TO FIGURE OUT HOW TO KEEP THEM. BRANDI: INCREASING THE PRICE OF AMAZON PRIME AS WELL. WE’VE GOT ABOUT 30 SECONDS PRAYED LET’S TALK ABOUT OIL. IT’S UP TO $90 A BARREL. >> THIS IS A BIG PIECE OF INFLATION NOT JUST FOR WHENOU Y AND I GO TO THE GAS STATION AND FILL UP THE TANK BUT OF COURSE IF OIL WAS ABOVE $90 A BARREL ATTHMPACTS HOW YOUR FOOD GETS TO MARKET, HOW ALL YOUR PRODUCTS GET TO MARKET. IT PUSHES UP THOSE PRICES AS WELL. ITAS H BEEN A PUSH UPWARDS. WE ARE RIGHT AT $90 A BARREL NOW AND WE WILL SEE WHERE WE GO FROM RE. WITH THE ADMINISTRATION WANTS TO DO IN TERMS OF FURTHERING THE AIM TO BE ENERGY INDEPENDENT. TY: INTERESTING TO SEE HOW THAT ALL UNFOLDS. >> YOU WOULD THINK WITH THE SURGEON ELECTRIC VEHICLES THE PRICE WOULD COME DOWN BUT OBVIOUSLY THERE’S STILL A LOT OF CONTROL ON THE SUPPLY SIDE.