Peloton Interactive (PTON), the popular home fitness equipment brand, has selected Ford (F) executive Peter Stern to become the company's new CEO, effective January 2025. Stern has served as the president of Ford Integrated Services since his initial joining in 2023.

Peloton shares are popping in pre-market hours as it reports fiscal first quarter 2025 earnings: topping revenue estimates while disappointing investors on its second quarter outlook.

Morning Brief hosts Julie Hyman and Brad Smith break down this news and some of its Peloton's key earnings metrics.

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This post was written by Luke Carberry Mogan.