Fritz Lanman, CEO of ClassPass discusses the company's announcement of 'ClassPass Live,' which will launch in the first quarter of 2018. The new live subscription classes are proprietary to ClassPass, and were created for the consumer that does not have time to go to fitness studios.
The subscription service will cost $15 per month for non-existing ClassPass users, and $10 per month for those that already have a membership. The classes will focus on high-intensity workouts for the consumer looking to get in a "quick sweat" from home.
We speak with Lanman about the company's profitability. He notes that from the launch of "Live" in the first quarter of 2018, he expects the company to make money off of the product. When it comes to picking instructors, the company held an audition process, hiring instructors that would get people as motivated to exercise from their living rooms as they would be in a class.
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
