Enjoying a boomwith so many gyms closed, Peloton "is preparing to launch a cheaper treadmill and a new high-end bike," Bloomberg reports.
The state of play: The new treadmill will be called 'Tread" and will cost less than $3,000, compared to $4,295 for the current model. It will be smaller and have a cheaper belt design. Peloton is also releasing Bike+, a premium stationary bike that will cost more than the current $2,245 version, which will have a price drop to $1,900.
The collision of three unprecedented events — the pandemic, its economic toll and an uprising against racial injustice — is causing an extraordinary level of angst among workers.
Why it matters: High anxiety levelsare touching employees in nearly every industry — as measured by the Axios-Ipsos Coronavirus Index and other polls — and labor unrest could be bubbling beneath the surface.
Christopher Nolan's new action film "Tenet" raked in $20.2 million over Labor Day weekend in the U.S. and nearly $150 million globally as it became the first major blockbuster to debut since the pandemic put the film industry on hold, Variety reports.
Why it matters: The early success of "Tenet" suggests people are still willing to make their way to the movie theater for a highly anticipated film in the midst of a pandemic, but expectations at the box office have been significantly lowered.
Treasury Secretary Steven Mnuchin told "Fox News Sunday" that he thought the national debt, which reached a record $23 trillion at the end of 2019, was "very manageable" prior to the coronavirus pandemic.
Why it matters: President Trump promised during the 2016 campaign to reduce the national debt and eliminate it entirely within eight years. Last week, the nonpartisan Congressional Budget Office projected that the debt will exceed 100% of GDP in 2021 and rise to 107% in 2023 — the highest in U.S. history.
The Atlantic's editor-in-chief Jeffrey Goldberg told CNN's "Reliable Sources" on Sunday that he expects "more confirmation and new pieces of information" to come out in the coming days and weeks that will corroborate his story about alleged incendiary comments President Trump made about the military.
The big picture: Reporters from the AP, Washington Post and Fox News are among those who have confirmed aspects of Goldberg's story, which has been vehemently denied by the White House. The story alleges, among other things, that Trump attacked the intelligence of soldiers who died in war, calling them "suckers" and "losers."
