i use logitech because looking like a zombie is uncool.eople that don't mind. if you're going to be on tv or anything you want to be represented as yourself, you need a logitech device they don't need to look as bad as they do [ lau [ laughter ] >> we're not as hard hitting as you. >> when we look at different businesses, i say this tonight on the show, glut is due in. how does a glut end? does it look like? >> glut meaning in -- what is your definition? >> we finally decide that pc, i need a new pc and i got to upgrade and this stuff is so new and revolutionary. my stuff looks too old fashioned. to me with tech is the case. >> yeah, you know, i think what is most likely to happen at least for us is as people do start to get their footprints together for example in the office, companies will move forward with spending and say okay, we got to video enable the offices now. we're busting at the scenes with people in the office two or three days a week and need to be video enabled. and you want people to see face-to-face like we are now on the

the logitech company's down 16%. another set of dismal outlooks from that company. maybe it is macro driven, but the market didn't like that. logitech is down by 17%, but we come to the u.k., and that is been really beaten up over the last year. today, there is evidence that things are bottoming out. consumers out with its numbers. it is looking after the balance sheet. it is looking after the balance sheet and the market didn't like what it heard. what is coming up tomorrow, let's talk about what's next to have an idea what we should be focusing on. i talked about persimmon, 7 a.m. tomorrow morning. and update from the housing sector, and taylor is out with its numbers. will it be telling the same story to what we heard from persimmon? clearly, the data is a factor relating back into that. gdp data tomorrow. the banking that is front and center. the market is downgrading its expectations for the bank of england. keep an eye on the gdp number. we will get a look at the german gdp number with a full-year preview out of germany tomorrow, and then we get the euro area

it's made by logitech but it's basically a sony playstation—style controller.rd, you press forward. if you want to go back, you press back. if you want to turn to the left, it's like that. you want to turn to the right, you turn to the right. test at 12 volts. go ahead. i started off with a partly finished home—build sub that i'd built myself. then i formed the business and acquired a sub that we modified heavily and sort of figured out what we wanted. then we made the first level prototype of this which was cyclops i, that was very similar but was a steel hull that already existed, but it had some of the similar electronics. and then, this was the ultimate version that we always wanted. so, just another additional backup. i it's a miracle it can do what itl does when you look at it there, because when you look at it, it is very small. l it looks like it's put together with pieces of string. - but it's not, obviously. but it's exciting. in general, the biology theme is one of documenting biodiversity — that hasn't been done well on this wreck. there's sort of a

they give her strength. logitech is like the we're learning to live here and we're learning to enjoy everything we experience. plenty of pushing, resume chairs, enjoying it is an important part of our life right now. i'm still a good thing because we'll always managed to be sad anyway. what, you know, florida, we have many difficulties and obstacles to overcome with the couple. see their future here in israel for now until things change. and russia . konstantin, however, hoped to be able to visit his parents soon. it's winter in saint petersburg, whom we haven't heard from daria, the young political activist from the city for a long time. she ignores messages and calls. the lights are off in her apartment. she rarely posts political content on her channels. did the police intimidate her? i tried to call her one last time as all the animals king dois about. so the call went through, but she declined it. that's a shame they thought them. i suspect now in winter the pressure has become too much for her as well. what will i take with me from this year in russia? huge upheaval, political

they look at logitech, and they say, i'm going to wait no they're not going to wait.y're going to sell. >> right thus far this year, the banks have been a very good performer as contrasted with pharma, strong performer last year, so far, not, pfizer, the worst performer by far amongst the group of the mega cap pharma >> total rotation. we know that pfizer is doing well >> well, we're coming up on bank earnings very soon we're going to be talking about them >> like 23 hours >> yeah, any thoughts as we head into that? >> well, i think that the numbers we got today are good. people want interest rates lower. that's -- the bank rally started on october 16th when the ten-year peaked. that's when it really started coming in place, because people decided they cared far more about loan losses than they cared about all the money they'd make by giving you nothing on your deposit and getting 4%. they don't care about that, david. people care about loan losses, so i think i have to listen to brian moynihan from bank of america. he's going to tell you there are very few loan losse

logitech gaining 0.3%.estingly this company has done so well during the pandemic in terms of demand for tech hardware so they see sales falling up to 13% this year. swatch with a massive hit in december from china, down 50%, but they expect profits to soar on a rebound out of china. they expect sales could reach a record of 9 billion francs this year. associated british foods on better sales during the christmas period, but they kept profit guidance unchanged. francine: a bit of volatility there. the qatar boosted its stake in credit suisse making it the second biggest shareholder. let's bring in tom metcalf, one of the most read stories on the terminal. this is not the anchor investor we thought credit suisse could get? tom: no, exactly, there stake went 5.5% to 7%. if you look at the credit suisse shareholder, at the top is the saudis, 10%, then the qataris. one shareholder wanted to get out of credit suisse by selling a bit. tom: they had a double-digit hold? quite a significant drop. tom: it is a clear

logitech shares surged 30% sinc q4 it has gained momentum for the year it includes cisco falling 18%. snpr surging 30% compared to mega cap tech and the wcld etf is down during that time period. the hybrid work is part of the reason for the surge for the networking and router names like cisco and the shift to cloud and majority of tech infrastructure is on premise and spending for on-prem is robust. estimates have that continuing into the new year. companies that provide both think s&p and ibm has jumped with tech spending slowing down and has i.t. makers considering recession concerns now as investors focus on stable cash flow, the boring tech names are now looking attractive something to continue to watch. >>> turning attention to the developing story in washington, d.c. republican congress member mccarthy trying to secure enough votes to become speaker of the house. lawmakers will reconvene at noon after republicans refused to back mccarthy in the fourth, fifth and sixth rounds of votes. now he looking to get all 20 republicans who are refusing to back his bid let's bring in brian

on the other side, logitech sales slumped in the fourth quarter. demand eased from the heights of lockdown and supply chain issues which hit the maker of mice keyboards. brian. >> all right arabile, thank you very much. >>> let's get to the top story that is in technology and google's parent company alphabet an all-hands meeting and executives defending the decision to cut 6% of the work force and adding bonuses may be on the line. arjun kharpal is here with us now. >> brian, good morning a lot of discontent going into the town hall social media people flooded by google saying they were cut off from the systems. they were questioning the criteria for layoffs and manner in which it was done some of this addressed in the town hall. the ceo saying the company seeing the boom in 2021. they hired to keep up with trends, but the normalization that we have seen taking place in areas like cloud and others, it had to adjust that was the reason for some of the reductions the management said there were 30,000 managers at google. having to consult them around

. >>> logitech sales slumped in the third quarter as demand eased from the height of lockdown supply chain issues hit the american maker of mice controllers and web cams >>> ab food reaffirms the financial outlook. the retailer said inflation has become less volatile and some commodity prices weakened, but pressures are significant. it is down 1% right now. having lost 9% in the last year. >>> coming up on the show, we take the look at the u.s. tech sector as it sees 100,000 jobs lost in the first three weeks of this year. it's hard to run a business on your own. make it easier on yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and customers in sync across all the places you sell. it doesn't have to be lonely at the top. join the millions to finding success on their own terms. start your journey with a free trial today. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coven

ubisoft delayed software releases and logitech and kindred down today.t is where the pain is being felt. down by 24%. let us talk about the names that have -- that we have been watching and there have been interesting notes as well. kbw out on paragon -- on paragon and let us talk about what is happening. paragon bank is a big but to -- buy to let. the u.k. housing market under a lot of pressure and buy to let investors are the most exposed. they will suffer as rates move higher and that stock has been under pressure. they have a 540 target which is a sell rating. i want to show you what has been happening with kindred the bedding company down by 16.51 percent over two days and a big gap the first thing this morning. this is on the back of the fact that we had a world cup that meant that people were not bedding as much. i want to wrap up with things about what is happening at air france. a nice grade. ups -- ubs positive and that stock on the back of that up i over 16%. the closes coming up next and more details to follow. this is bloomberg. ♪ these days

remember, that's last night when we talked to logitech.ontent and services down 12% but they noted that xbox has 120 million monthly active users for the game pass subscription service. that's the future of the industry people that own game stop, remember, this is a better way than the physical way. people keep forgetting that. ultimately, microsoft gave us what is definitely considered to be an outlook for some of the most important business lines and analyst cut the price targets on mass. that's why the stock opened down more than 3% this morning. now, for me, the most encouraging part of this whole saga is that microsoft managed to bounce off the lows of the day and recover most of the ground lost at the opening it closed down 1.6%. that ain't bad tells me people are willing to step up and buy the tech stocks on weakness when they report suboptimal numbers what are the key take aways here first as always, i'm begging you to be patient and listen to the conference call before deciding whether to. >> sell, sell, sell. >> people got crushe

he's talking with the ceo of logitech catch that on "mad money." >>> results after the bell tomorrowe number could give it even more of a boast. mike. >> there is a move of about 5% after they report earnings that is in line with the move that we've seen over last eight reporting quarters the most active contract were the february 3rd weekly 56 strike calls the result of 1500 of the 5660 call spreads that traded for 87 scents. a buyer is moving 2.5 to the 8 up to the upside what is interesting, is the upside break even is 5687 and the average analyst is 56 spot 88 and this stock is up 60% from the october lows $20. so if one is long the stock and they'll report after the close tomorrow, this is a low cost way to give yourself some upside participation after the run that we've seen. >> bonawyn, what do you make of this action? >> i would be more inclined to li likely take profits here it has had one amazing run if you do want to press long you're risking a small amount of premium. >> this had been your acronym for last year. >> this wasn't mean. it was the ellen lif >> you look at me

last week logitech which comes on all the time on our show which makes all sorts of gaming accessoriesn the fourth quarter that's pretty shocking their gaming division's been a dog all year and i doubt that changed in the final quarter during the pandemic people bought tons of these accesses, gaming headsets, high-end mice, keyboards, but it's not like you need to buy new hardware every year, do you the weakness in gaming fits perfectly with what i've been telling you about the zeitgeist. in a world where everyone's got a life too short attitude people would rather he go out and do something than sit on the couch playing video games. they got enough of that in lockdown now they're chasing unique persons, doing things, living life in other words, life is too short to stay at home playing video games. or at least that's how many consumers seem to feel at the moment now, my inclination here is to stay away from the game stocks but there's a reason i didn't talk about this industry along with other post-covid losers last night like the office reits and the movie theater business while gami

>> let's take a look at this chart right here this is logitech you can see it's doing a lot better than okay it surged 38% since the start of q4 of last year and it's part of a rally of quote/unquote tangible tech that's really maintained momentum going into the new year and it includes dow component cisco, rising double digits during that same period. they rival the networking space juniper up almost 20%, actually, over 20% right now and look at this this is the maker of javer headsets, surging 39% during that same time period. in contrast, megan cap techs and high growth names, both of them in the red you can see them down there on the bottom of your screen. the megamacro trend of hybrid work is part of a reason for this surge and those office tech makers like gn nord. the networking name is getting a big boost and that shift to the cloud. the majority of tech infrastructure is on premise and 2023 spending estimates for traditional workloads still remains robust you can still right here, it's actually higher than cloud spending companies that can provide both, think an sap, an ibm, ev

. >> i have a company called logitech and they make the different peripherals you use.you want to make your office at home better they have a serious shortfall. this is part of the problem, you have the shortfall and then the rally up maybe you need to have the shortfall first and maybe it hasn't been enough that would be the bernstein view i am more bullish than that. >> we'll see you at 6:00 >> remember, we are in a period right now when you see verizon up 2.75%, you take advantage of it, even if it's fleeting. >> working with this open here, a little shaky at the open but a lot of halts have resumed and the nyse equity desk says status is normal. big earnings continue next hour. don't miss the ceos of general electric and union pacific don't go anywhere. ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment.

it's made by logitech but it's basically a sony playstation—style controller.hen we made the first level prototype of this which was cyclops i, that was very similar but was a steel hull that already existed, but it had some of the similar electronics. and then, this was the ultimate version that we always wanted. so, just another additional backup. it's a miracle it can do - what it does when you look at it there, because| when you look at it, it is very small. it looks like it's put together with pieces of string. - but it's not, obviously. but it's exciting. - in general, the biology theme is one of documenting biodiversity — that hasn't been done well on this wreck. there's sort of a race to try to understand the deep sea, which is largest environment in the oceans and the most poorly explored. here, we're trying to give that experience, check off your box to see the titanic but, at the same time, contribute to something that has a wider application. so, this is pretty typical of what we saw on the dive. you can see this black igneous rock, but look at the