logite logitech, what a winner for that one. it will start to percolate at once rocky week ahead but there are five bull markets that's going to work right through this week. provided that we get no stimulus and covid continues to rage. remember to stay distance. >> could it be time to plug in alternative energy let's all board the rail the sector have been soaring is it full steam ahead or some place on the wrong side of the track? i spotted one stock that's ended in the green today do not miss my sit-down ws my

daryl from logitech >> you have a choice here. how is profit increasing 300% or gross margin grossed 45. it was a masterpiece >> it was a great quarter and no other way to say it. >> we progressed q-1 and q-2 we just steadily got stronger and our gross margin is up, too. and it really blew out it was huge. >> one of the things that you do that people don't know you have the highest quality product but not for the highest price. how are you able to do that? >> you know we started long ago, 39 years in october, we started as an oem supplier for companies like apple and hp. low cost and high quality. the last eight years, we are bringing it to all new categories >> when you do office at home, you can do what they give you from the company or people using logitech which is what i did >> you know what i think is really happening is there was a scramble in the beginning to get something. people were using their phones before covid started or a laptop and on the bed where they did have to work from home they got what they had in the offi

logitech is the star of the story today. up by 50.8%.e concerns that were brushed aside today. the stock is really soaring on the back of that and we will find out more about this later this week, talking to the ceo of logitech thursday. very much looking forward to the conversation. that is where european conversations went. nowhere in a hurry. >> it looks less and less likely. let's break down more of those ubs results. the ceo leaving the bank with one of its best quarters since he took the helm nine years ago. >> i would probably propose to balance more capital returns since shareholders come and go. staying around for nine years, they do remember they got five i thinkf dividends so have gotmportant is we to deliver strong returns for shareholders by delivering our strategy. >> part of the execution is handing over. of wealthe truth ubs lending more? >> a very strong and valued addition to the team. when you look at lending, we have more than 10 billion lending this quarter. the strong performance was coming from the americas and not

that will now be curtailed as a salt -- as a result of which logitech is trading down.of the hotel stocks on both sides of the atlantic have been having a solid day. a little bit of a head scratcher . i guess we do have some of the numbers coming up. these stocks have taking a battering. alix: let's dig into that. we are waiting for philip lane to deliver his speech at the annual meeting of the national association for business economics. lagarde warnedne against ending fiscal support to jay powellar to what talked about as he pushes for more stimulus in the u.s. joining us now to break this down is frederik ducrozet. help me understand which narrative is going to win. frederik: it looks like both of them would win. the sequence and the timing of this in the u.s. [indiscernible] guy: we are starting to get some comics coming through from philip lane. he is saying that accepting lower inflation can risk entrenching week expectations. you think super low-inflation is now becoming entrenched within the euro zone? remember christine us, and -- lagarde told [indiscernible] t

their desk, their home office setup, a lot of the stuff they have got is made by the same company, logitech. >> yeah, really interested in this name. they have had a nice run but as you point out, i think this is a trend that is just not going to change. and i'm a big fan of finding a secular trend and throwing myself in front of it as much as i can. and i feel like, you know, this is one of these companies that will be, you know, it will be around for a while in terms of -- well, like you said, everybody probably has a piece of equipment and if you have tried to buy a piece of their equipment recently on amazon or some other place, good luck even on logitech's website, most sights are out items are out of stock. so i'm expecting good things >> yeah, between web cams and bluetooth, i guess a high share of the home desk market if that is a market. ryan, a pleasure to have you on. thank you very much. >>> and we are just getting started here when we come back, why walmart says that it is now black friday every day as it looks to adjust to new consumer shopping habits. apple making 5g a realit

joining us now is bracken ceo.ll, logitech's thank you for your time today. really appreciate it.longer does this work from home boost last? bracken: thank you for having me. i think the boost is related to the new reality that a lot of us are going to be working from home for good. most of them a few days we get home, a few days a week in the office, and some all the time. so this is kind of the future we saw coming a long time ago. we have positioned ourselves for this. alix: how much of it is pulled forward demand because we were going there anyway versus a structural change? bracken: we started five or six years ago. we saw this structural change coming and started really positioning ourselves and trying to make sure we had the various pieces of our business structured for where the tear wind was. tailwind was. i think it is still the same destination were some people are working from home a lot in this new world. i think long-term, we will continue to have good long-term growth. guy: just in terms of how much potential area is out there, how many pcs still don't have a webcam

>> well, look, we brought you logitech, i don't know, 45 points ago and we did that because we that thoughtacken really understood the space and had the best products and was a terrific thinker i'll tell you up here even on a spike, i like more all right. it's the wrong time, i think, to buy and do the fisker spartan deal i just don't -- i'm not crazy about it right here. much more "mad money" ahead, including my exclusive with an amazing stock, amazing company, marvel technology, fresh off an incredible investor day. the debate over the oil sector is back again. i'll tell you which two plays i'll consider. because i recognize that you just can't resist. all your calls, rapid fire in tonight's edition of the lightning round. so stay with cramer. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like... like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you nee

this fits a lot of the logitech models. it's under $14.is computer i don't want the person to see me here. i just slide that little privacy cover over. dirt cheap, 6 to 10 bucks. so this is a way to make your smart phone a computer sidekick. you can have e-mails visible, watch the news. the base of the device mounts to your laptop cover with an adhesive pad. a magnet attaches to the back of your smart phone and the smart phone clips onto the magnetized extended arm of the bracket and then you have the two of them side by side. >> tell me about this lamp situation, dick. >> okay. a viewer sent it in and said i have an amazing value for you in a desk lamp. this is it. need a really inexpensive useful desk lamp? take a look at these. it's called mainstays from walmart. a little on/off light. but it's an led. you'll never have to replace it. wait, there's more. there's an outlet in the back. i have two lamps here but one lamp is plugged into the other lamp. and the most amazing thing, i paid about $7 each for them. >> i have plenty of stuff i

whether it be topped off work happens to be great brands like logitech or nickelodeon.saw that there was an opportunity for positive gaming and reinforcing that behavior. hallmark of the company. a high code of sportsmanship. too much of something is not a good thing. but gaming is just a much about the friendship that your voting through the games that it is about the games itself. taylor: your partnering up with city football group and soccer club operator. what do you want to gleam from that partnership? ann: we are excited about this. see traditional sport owners now 2 -- -- now investing in traditional total carbon -- nowity ventures leaks investing in traditional esports leaks. city is the dominant force, bringing it into our virtual environment. this will be a super positive experience. minecraft willay get to participate in a three month competitive experience. they will be doing it and the legendary stadium, a real engaging and positive experience for kids. we have another exciting game that we announce we are lunching with and another couple of valley,alled ve

when you took down, even the 20th best performer in the index, logitech is upset of 85% the last sixonths. there are 16 stocks in here that doubles. so let's take a closer look at the top ten. i know you love these stocks this is a content delivery network with a security kicker they make sure all are running smoothly cloudflare trades it more than 30 times sales tesla is 12 times sales. i would not buy more maybe then you can pass, not right here >> number 9 is the trade debt. 141% the last six months and more than double these guys help other businesses managing digital advertisements and especially streaming content. it is on fire for the same as roku it may make it more resilient the next time high fires get hit with a sell-off. data dog, a software for application performance modelling. they make sure all of those clouds stuff works at the time it was trading 44 times sales and since then pulled back nearly 10 bucks. although it is up since the covid index. it is a little over two weeks. they benefit from the age of remote work. let's see what they had to say not yet. seven best

it will stop selling sonos, logitech and bose audio accessories. these have been quite popular. stores, through apple.com. as apple has been making more of its own devices, its own air pods, for example, apple pulling back on that. we are also standing by for the president to leave walter reed hospital. scheduled to leave about 30 minutes from now. stay with bloomberg. we will be following his movements. bloomberg daybreak australia is next. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪ haidi: good morning and welcome to daybreak australia. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: good evening from new york, i am shery

logite logitech, what a winner for that one. it will start to percolate at once rocky week ahead but there are five bull markets that's going to work right through this week. provided that we get no stimulus and covid continues to rage. remember to stay distance. >> could it be time to plug in alternative energy let's all board the rail the sector have been soaring is it full steam ahead or some place on the wrong side of the track? i spotted one stock that's ended in the green today do not miss my sit-down ws my all time favorite with aep and stay with cramer >> don't miss a second of "mad money," follow @jimcramer, send jim an e-mail to madmone madmoney @cnbc.com or give us a call at 1800-743-cnbc. miss something head to madmoneycnbc.com at calvert, we know responsible investing is hard. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their co

the focus is on tech stocks, leading losses in europe, looking at hardware maker logitech slumping. tom: you see the statistical challenges that are there with dow 28,000 on, the close, and the vix ought to be at 25 or 23 or some would say under 20, but nevertheless it is elevated with all the uncertainty. the other thing is there has been a seismic break out in the bond market. whatever anyone can say across all credit, there is no question there are higher yields. steeper yield curve, a point to spread. elevated from a 50 level that we have seen. 30-year bond, 1.57% gets my attention. francine: president donald trump returning to the white house after three days of hospital treatment for covid-19. we are all watching. he spoke shortly after in the video to the american people. pres. trump: i stood out front, i lead. nobody that's a leader would not do what i did. and i know there's a risk, there's a danger, but that's ok. now and better come and maybe i'm immune, i don't know. now is theoining me director for the center on u.s. politics. thank you so much, professor thomas gift. i

and finally, shares of logitech are soaring all helped by, what else, all of us working from home andg to buy you into computer gear, key boards, mice, whatever so we can deck out our setups. also raising its full year y outlook. >>> and still on deck, why a new $50 t-shirt is trending and it has to do with discarded crab shells we may have finally jumped the shark. or maybe the crab. dow futures up 161 >>> welcome back let's help you make some money because the pandemic and resulting lockdowns have not only accelerated trends that were already happening in real estate, building out of amazon warehouses and computer data centers for example, but also could change commercial real estate doing things like pushing companies into older more suburban office spaces that have parking lots and no he will straight to elevators. who stands to benefit? let's bring in katherine thompson, doing great work on this and i love it when a guest forces me to look up a company i see a ticker and i go who is that and i saw ferg and i thousand is that sarah ferguson? no, but they do have something in commo

look at logitech. they are on track for a record close at this hour, jumping 15.7% as workers binged on the swiss tech company's computer keyboards, mice, web cams. sales, want me to put a number on it, spiked 75% in their latest quarter. >>> and kohl's. you want to say yoga pants, a stock is going to go right up. kohl's is getting into the red-hot athleisure trend with a brand called flex. kohl's is up 6.6%. mcquarry jocked ejacked up pel price target to $150 and threw out the idea the company is looking to buy an athleisure brand so it can touch all the workout market. peloton pulling back by half a percent. but they do have merchandise they sell. it just sells out in two seconds because people want that teeshirt that says peloton on it. >>> all right. the n in fang is the first to post report results after the bell. netflix is the n, right. it will release third quarter earnings and investors are dying to know if the stock can keep up its pandemic momentum. it is up 62% year to date. the king of str

that and logitech. we see big buying, with the stock at 1515, they're looking for up side.sabr, they're buying the number 8 and 9 call very aggressively. i bought both sapr calls as well m sonos calls today >>ore money flowing into edge funds. we're following the money next right here on "the half. united states can't easily get to a doctor or afford the treatment they need. that's why goodrx has built a leading consumer-focused digital healthcare platform. we wanted to make shopping for healthcare as easy as it is to shop for travel or electronics. as a public company, we hope to provide even more services that help people get the healthcare they need at a price they can afford. the rx crafted by lexus. lease the 2020 rx350 for $409 a month for 36 months. experience amazing at your lexus dealer. lease the 2020 rx350 for $4it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get 5g at no ex

saying it expects the pandemic to hurt sales for more than a decade also watching shares of sonos and logitechpple has stopped selling wireless speakers and head phones from other companies ahead of its own product launches, and apple just announced in the past hour or so that its next product event will be held on october 13th when it's expected to introduce the any 5g iphones and perhaps some other in equipment here and shares of seaworld are gaining from an outperform to neutral from credit suisse due to an sooner than completed epic version in orlando and a possible reopening in florida. seaworld up nearly 10% today and let's get to sue herera for our cnbc news update. >> hello, good to see you. the fda is telling developers that it wants to see at least two months of safety data before it will authorize emergency use of a covid-19 vaccine. that would delay the availability of a vaccine until after the november election. the white house is reportedly trying to block the fda from formally mandating that two-month wait period. ahead of tomorrow's vice presidential debate in utah both mike pe

shares from logitech international, demands for mice and keyboards are strong, up 6% today.beat helped by a 243% surge in digital sales. and parsley energy is reportedly in talks to be acquired by rival pioneer according to people familiar with the matter who spoke to the wall street journal. the two sides are said to be discussing an all-stock deal that could be completed by the end of october it was said to watch parsley energy and shaers res of gm are higher about 8%, the company doubling down with its electric vehicle plans today and a new hummer reveal tonight, resurrecting it as an electric truck, an sut i think they call it, a sport utility truck. >> some are going to call the hummer a modified pickup truck it will get a lot of attention when general motors shows it to us tonight the company announced it's making a substantial investment. this will be $2 billion. the biggestchunk will go to retool its tennessee plant, where they're going to build the cadillac lyric, an all-electric cadillac that will be coming out next year. this is what they showed us of the lyric wh

apple has quit selling headphones and wireless speakers from rivals such as logitech.he company is gearing up to launch its own new audio product. amongst them, it's first over ear headphones and a smaller home pod. meanwhile, a house panel led by democrats is seeking the breakup of tech giants such as apple and amazon. that is according to a critique of the recommendations by a republican member of the panel, ken buck. lawmakers have said to want to ban big tech companies from owning market places and selling their own products on them. some of the biggest names in silicon valley have gone public with a federal government form on diversity in the workplace. 125 provided a full report on numbers of employees in each racial and gender categories. that is your latest business flash. inx: staying on diversity the bloomberg survey, 66 companies in the s&p 500 index are changing hiring practices like recruiting at historically black colleges and setting quotas for new hires. 50 companies made commitments to improve diversity among managers and executives. this just goes to

stocks that are bringing it down today is the things they are not going to sell in the store -- liz: logitech. >> at the end of the day, this is a big shock to the system with the stimulus. the market was hoping they would get something done. i think the market will be disappointed for awhile. liz: well, at the end of the trading day, 11 minutes away, great to have you both. thank you very much. yeah, stocks are on sale. there's always an upside. >>> closing bell ringing in about 36 and a half minutes right now. right now, dow is down 336. go pro breaking past the 500,000 paid subscriber mark on strong demand for its hero 9 black camera. online sales jumping 230% in just two weeks, following its flagship camera's release versus the two-week period after its 2019 camera releases. go pro on track to exceed its year end target of 600,000 to 700,000 paid subscribers. good enough for a 5.25% jump on the stock. >>> but bringing it back to apple, the new front in the tech wars. the top market names taking blows as apple goes in for a beat-down. "the claman countdown" is coming right back. you never

not, but the parallel tracks that are building between apple and epic and then sonos and apple and logitech house judiciary dems, we talk about things coming to a boil. this is definitely moving directionally toward the boil. >> we were talking about overlapping platforms. let's bring in the editor-in-chief of the verge, patel, a cnbc contributor. i know that you have talked about platform power and these monopoly type issues, but i can't help but think, yes, the democrats in the house have laid out a particular point of view here, but it's going to be tough to defend. >> i absolutely think it will be tough to defend. and i think you've got it exactly right. the end game here is changing the standard of the antitrust laws, of moving to a place where what we're trying to regulate is competition in the market as opposed to the prices consumers pay. and that has been the underlying current of this entire process over the past year, year plus. the real question, i think, for the house dems is obviously there's an election, but they do have, as you noted, ken buck saying i agree with 330 pages o

susan: sonos, logitech all down and we are looking at sonos down close to 7% in the premarket, i think me onto their losses, channel check by bloomberg found sonos speakers in logitech sx series no longer being sold on apple's website at the end of last month, employee not apple stores reportedly been instructed to remove the product for sales in recent days to the shelves, because they need to make room for new products by apple that are expected later on this month along with the 5g iphone that should be introduced in the next few weeks. bloomberg predicts the apple over the ear phones will be part of the airport lineup, that will be interesting and the smaller home pod smart speaker should be introduced, remember 2014 when apple introduced the apple watch, they stop selling fitbit off the shelves, that's what they typically do, we know that wearables are company on its own so they sell about $6 billion worth of sales each and every quarter in the air pods and watches. stuart: a whole bunch of new stuff coming to the apple store. i will check it out. president trump walked out of wal

selling headphones from rivals including bose and logitech as it gears up to launch its own audio productseared from apple's online store the end of last month. sonos shares fell by as much as 7% in extended trade. exxon says it is omitted to mitigating missions after bloomberg reported it was planning to increase annual carbon oxide emission 70% by by 2025.7% unlike rivals, exxon has not yet committed to becoming carbon neutral setting a date. the company says the bloomberg report is false and this leading. buying a stake in duty-free retailer dufry, giving the company a lifeline as the pandemic hammers its airport business. million dollars and alibaba's participation centers flying. the pair will form a joint venture in china. fry shares are trading near the lowest in a decade. >> markets reporter sophie kamaruddin tracking top calls for asia. watching indonesia assets. rupiahre seeing the jumped the most in four months. 1% after theetting passage of a built by parliament in a boost to jobs and investment. the mosting this comprehensive set of reforms since the 1998 crisis, that it shoul

. >> logitech, you got to pay the toll to be in. everybody knows, this is -- apple's case if you pay the toll, you do better with your -- with your website than you did if you don't >> steve ballmer knows his way around antitrust they were taking on the federal government he was a guest on "squawk box" earlier. here is what he had to say broadly speaking about the antitrust investigations. >> the thing that really needs to happen is they need to have a smart regulator to talk these things through with. i do not think that they can just sort of take eye unilateral action and expect it to satisfy whatever it is some regulator or congressman will decide they should have done so the key is to engage. you can change the law and it still might not be clear to the companies what they need to do to comply, because the law is not going to be written case by case by case i don't think the case of apple is the same as google is the same as -- same case as amazon and in a sense putting them all together makes good theater, but it doesn't necess

>> if i had to do a "mad dash" logitech is an incredible number, how they and apple tussle, and damon black entrepreneurship and i can't wait because i think there's much more to be done and everyone can be more let's say aware. so we're going to do those two issues and this was a great show and i want to applaud the justice department for their incredible move to bring out value in alphabet. >> jim, we'll see what they say, probably in the next few moments. see you tonight. >> all right >> a lot to talk about "mad money" 6:00 p.m. eastern time >>> good tuesday morning, everybody. welcome to "squawk on the street." i'm carl quintanilla with david faber and sara eisen as we said earlier, markets trying to bounce back from yesterday's losses which were the worst since late september here, dow is up 219, s&p 3455. sara >>> doj set to file an anti-trust suit against google over its online search dominance. we'll bring you the briefi inin live >>> stimulus hopes, speaker pelosi and secretary mnuchin prepare to speak once again. >>> ibm, phillip morris international, a few of the big earnin

run or have expectations finally caught up that discussion next >>> and take a look at shares of logitechoaring more than 20% after reporting a 75% jump in quarterly sales. yeah, everybody working at home has bought a bunch of this stuff and the company he raising its full year outlook, that stock up by almost 21% this morning at calvert, we know responsible investing is hard. if you're concerned about the environment and climate change, how do you find companies that are driving the right outcomes? if you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities? for nearly 40 years, calvert has delivered competitive returns by investing in companies making a difference because we see value in doing good. talk to your financial advisor about investing responsibly with calvert. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with par