logitech reported, the stock got obliterated.eported again, another very good set of numbers, and it barely got any bounce, because it was such a heinous session. management raised their operating income for 2019. again, it wasn't perfect logitech missed wall street's estimates in three of nine product categories still, there's a lot going right here, and the stock pulled back nearly 30% over the past six months let's check in with the president and ceo of logitech to get a better sense of the quarter. welcome back to "mad money." >> hey, jim, thanks for having me >> i've got to tell you, before we got this session started, your stock was up big. people were reacting to the fact that you had amazing gaming numbers and it seems to be worldwide. >> yeah, we had a strong quarter, up 8% overall, oug bierest three categories were all up double digits and profit numbers up 22% >> in the conference call, you said -- you through it out there, but east boards is destined to be the world's largest spectator sport. >> i totally believe this

logitech reported strong results. what to expect from the company as it takes on gaming.s is bloomberg. ♪ place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. click or visit a retail store today. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. emily: this is bloomberg technology global link where we join bloomberg daybreak: asia really a. i'm emily chang. i want to take a look at the top global tech stories of the date first. shery: let's take a look at h

logitech beat third-quarter earnings estimates, attributing much of its success to the rise of e-sports$864 million in sales last quarter, with a 23% jump in the gaming business. the company has attempted to diversified its sales, while mobile and cloud services gained popularity. producing $500 million in net sales in the last three quarters. ceo bracken darrell joins us now to discuss. you actually took over this company at a critical point, and reprioritized gaming. why? bracken: i have three kids. all three of them were gamers. they were right in the strike zone. before i joined the company, my kids said logitech is a great company but their products are not as good as they used to be. when i joined, i immediately said where is the gaming group? it was four people. we changed that right away and have a great team. emily: how many in the gaming group now? bracken: it would be well in the hundreds. emily: you still make the keyboards and mice and now making more of this equipment for gaming. controllers, headsets, speakers. bracken: right. gaming, in a way, the core business grew 13%.

. >> stock is coming down a lot and i think it is okay look at logitech too bob in south carolina. >>eed advice on chevron. >> i don't mind chevron. bp announced a billion dollar find i am trying to get my executive producer to get down there bp is the one with a 6% yield. let's go to mike in michigan. >> caller: mike from the motor city eagles, he is going to take you guys to another super bowl my stock is cnt centene. >> this stock has fallen from 148 to 118 i think it is a terrific buy i would buy this here. this is not going to bounce off twice from the goal post steve in florida. >> caller: my stock is cvs. >> i like cvs, but the better stock is viacom. down to 29 that is the one to buy kevin in my home state of pennsylvania. >> caller: hi, jim chdn. >> it has been a fabulous stock. i like it. let's go to arlene in illinois. >> caller: hi, jim i would like to know what you think about auto zone. >> best buyback of any company i have ever seen i have been recommending the stock since the buyback began. just 60, 70 points from its high this one is down i like that. bill in florida.

last quarter and geopolitical tensions, and trade tensions weighing on that. 4% foride, more than logitecho raised their outlook for 2019 between 9% and 11%. hugo boss up more than 3%. the fastest sales growth in four years, citing key markets, china, u.k., and france for strong demand. thank you very much. it markets opening slightly lower. latestrs digest the batch of headlines on global growth and trade. from our team in singapore, great to have you with us. i read plenty of analysis putting this in context about the size of china, the extent to which we sell the downgrade from the imf, it was not much that much. >> good morning. with new york on holiday. there was not much for them to trade. the imf report got a bit more prominence it would have otherwise. the group downgrades are not huge. people are surprised how much they knocked europe lower. that is what caught people's attention. report about the chief financial officer who will be extradited to the united states from huawei. we saw s&p futures trade lower on the back of that. issue thought the huawei was behind us so they are su

you can see in finney on is down, logitech, asml holding. that's to the downside. the first word news now. apple has lowered its revenue outlook for the first time in a was 20 years. ceo tim cook says the company now expects sales of about $84 billion in the quarter just ended. down from earlier estimates of 89 to $93 billion. apple did not see them attitude of the economic deceleration particularly in china. he also cited fewer than expected upgrades to iphone. the product is possible for about two thirds of apple's revenue. leaders have failed to strike a deal to end the partial shutdown of the u.s. government now entering its 13th day. the president says he remains willing to work with democrats and advise them back on friday. democrats take control the haslinda today and will vote on a plan to end the shutdown without funding transborder wall . -- funding trump's border wall. survey,g to a bloomberg leading member saudi arabia trimmed output by 2400 barrels a day in december. investors remain concerned the cartel won't cut enough to make

what's happened is that i am more -- i had a little company logitech the other day they're big in chinand they're trying to get small in china they said, listen, we can source where else we don't have to be there. dollar tree, we can source elsewhere. these are real jobs and they're just saying -- can you imagine if we had ten companies in the united states saying we're going to mexico? this is a real crisis in china they can say it's miles and miles. i can tell you we're a little closer than people think because of how poorly the chinese economy is doing. >> the data wasn't terrible. for the year, fixed asset investment, things like that, we're not off-the-charts bad. >> the german number, which the first time in four years, manufacturing down that's china it's not united states china, huge trading partner with germany. a lot of people are being hurt by chinese spending. the only company -- they're starting to see some proctor and gamble had great chinese spending >> organic sales in china were up 15. >> it was amazing. i don't know on single day, what do you give? toothpas toothpaste

introduction of the electric vehicle next month tesla shares up to $306.60 also let's take a look at logitechrly earnings. the quarter was driven by strong sales of gaming related products and that stock is up by 2.2% >>> the economy, politics, security issues. our next two guests cover it all. for more on today's pressing concerns, let's bring in our guest fred kempe at the atlanta council and gillian tett from the "financial times." let's go back a year what a difference a year makes i don't know if the oxford english dictionary has defined davos geist i think. >> davos zeitgeist >> it helps to know where you are because sometimes it can be so misleading about where we actually are >> absolutely. this time last year, it was all about the trump bump everyone was pretty optimistic about the economic outlook now it's more about the trump slump or more widely the problems of populism and you're looking at theresa may. in fact, what people are talking about this week is not just who's here but who's not here. >> they have things at home. >> yeah. everybody's got a problem at home you don't even