logitech, we all use the devices.sed them ever since you were there you introduced so many great ones why this task right now for you? >> i love logitech and i had such an incredible time there but i was getting towards the -- i turned 60, jim so i decided if i'm going have one more go at something in a public company arena, it's got to be something i'm excited about. and that is not just one brand, it's really an array of brands they're household names. they're all deeply embedded in the culture. they're super powerful, and the business needs to turn around and turn back into something these brands, some of the stuff is just on fire. north face is a phenomenal brand. and vans has the potential to get back to being one. supreme is super interesting timberland is part of the hip-hop culture. i just got very excited about not just the categories, but the brands themselves. >> let's talk about something that you said is one of the top priorities you said you have tode-lever, number four. how can you de-lever without sell

logitech, mice are having a good time. logitech has one of its best periods hitting a 52 week high. up by 10%. look at what's happening with u.k. banks sprayed you've got natwest at a 52-week low. we will get lloyd's tomorrow. today we get barclays, disappointment on the trading side and the net interest margin as well. look at that what has -- look at what that has done to the stock. u.k. banks a little bit later. alix: this is a positive earnings story. you have communication services, real estate, utilities doing well despite the fact the two year yield is up seven basis points. part of this is a verizon story, the biggest move intraday since 2020. they updates guidance. two year yield i wanted to bring up instead of the 10 year. we get issuance coming in so stay tuned for that. dollar-yen if you are trading this cross you better stay up all night. we had the boj with an unscheduled bond purchase for the fifth time announcing they would do this until july. bloomberg talked about what other things the boj could do to get behind a push on the jgb. guy: let's talk about what we've b

height the the says logitech, we so desperately reflect the i to the police. what do you want us to do with these lashing out of the chain was lucky to police. let the neighbor shots of this new and it is washing out of that. you select the document and walk up with the permitting and implementing an option to hook up with a meeting with your team or sign a couple shots in the stone. you know, we not, you know, shelly green option is really the pre selected, a sewing machine was launched. the decline is really bad. so maybe bush nice got se savannah base that's got to be slow, but not to noise. you mike, motion option. it will be issued to useful will be the to, to get to talk with your family's, it'll be nice to or you met one of the me to casual embezzlement. or do you mean this is often the source of the basic over the summer, mostly modern mine is negative. so substantial top this one us not by w b c the this will give this to it. you may leave not this city make you look at that and i mean them or do they only see what these are public, which a nice one o

height the the says logitech, we so desperately reflect the i to the police. what do you want us to do with these lashing out of the chain with his lunch? i to please let the labor shots and if you will do is rushing out of that, you know as much in the clean and walk up with the permitting and implementing an option to name a couple of meetings and your team, uh, or sign a couple shots in the stone, you know, we not, you know, shelly green option is really the pre selected, a sewing machine was launched. the plan is only amanda. so ma'am a bush, nice. got se. savannah, they such got sounds. the slow but not to noise you in like motion option it will be issued to equal will be tucked the to, to get to talk lawyer shamela, to jump into some, or you met one of the me to casual embezzlement. or do you mean this is often the sort of basic over the summer, mostly modern. mom has been inglewood, so substantial top the soonest map of w b. c. thing that this will give this, that you me that allows me leave. not this. if you make your limits on them being them, or thos

it is a busy earnings day with hermes and logitech. the main benchmark after raising the outlook with the focus on cost discipline which is paying off after sales falling in the second quarter. barclays shares are under heavy selling this morning. we were 8% lower at one stage. one of the worst foreperforming stocks in the region. pressure for savers was beginning to hit the margins. they are forced to pass on the higher interest rates to depositors and savers and it is hitting margins. that is weighing on the barclays share price and uk banking sector. frank. >> julianna, thank you. julianna tatelbaum live in the london newsroom. >>> shares of chevron and hess are moving higher as investors are digesting the $52 billion takeover deal. hess dropped 4% and chevron fell 2% for the day. that was the worst performer in the s&p. mike wirth laid out the case yesterday on "squawk on the street." >> we need to operate in the world we live in and that is one which still needs oil and gas delivered by responsible producers. this is an exciting d

logitech is up 9%. we have hermes up 1%.strazeneca is delivering the forum in spain and that stock is trading 1% higher. as for u.s. futures, investors st stateside are keeping an eye on tech today kicking off with microsoft and alphabet delivering today. we have coca-cola and texas industries and gm among the names reporting later on today it in the u.s. we have the head of macro asset management here with us. florian, great to you have here. >> thanks. >> we have seen a downward reaction in barclays which reignited the debate of nims. what is your take on the banking sector? >> it is a more global story. if you look at the banks, they have been pushing numbers in the earning season. globally, we have been disappointed by numbers. it is not just a barclays story, but more globally with earnings season not going the way we thought it would be going. >> what do you mean by that? >> we had a lot of gdp numbers showing resilience of the world economy. we should see a much stronger earnings season than we have been having so far

we know brack and darrell from logitech. we have to find out what he's going to do. the show anytime. i'm going to sandy in new jersey. i am good. how about you? >> good. so, question about otr a. what are your thoughts? >> i don't know that one. you got me puzzled. i'm puzzled. i have to come back. i have to do homework on that one. let's go to andrew in new york. nevada. hi andrew. i'm trying to hold up. how about you? >> enjoy watching your show. i had a question about the stock groupon. >> i can't believe it's been a horse. people feel it's giving -- i would not buy it. it's too high. let's go to jeff in wisconsin. >> love the show. i want to get your opinion on a new physician. canadian natural resources. >> i have to be in favor. i like oil and gas. they have very inexpensive properties. it's a good situation. be careful it is up 13% for the year. i think you can buy that one. now we are going to deke in pennsylvania. >> good to hear you. i'm glad you mentioned this morning the fact some people don't have the money to purchase name brand products. i got some st

i am rooting, and i want him on for logitech ceo -- well, former, bracken dowel, because he took overf. and he is really, really good. but he's got his work -- after the quarter he should come out. he has his work cut out for him. >> was stunned and how bad this company. i remember when it was really great. tried to classify the under armour results mixed. it's tough to butt a positive spin. it claimed the top spot in the category no one really wants to win called top brands no longer worn by up income male teens. 27% of the respondents classifying under armour that way, up from 20% in the spring. of course two other doppelganger, gap and old navy made the no longer worn list for rich teenagers, both boys and girls. this is one you don't want to aksel. in but what about where teens are shopping? there was a huge jump in mind share for the offpriced subsector, especially among upper income teens. looks like even rich kids are trading down. great news for tgx. you got to catch the replay of this meeting we had today. it was dynamite. plus fellow travelers ross stores, not my fave, the r

ventures of logitech, higher this morning. keyboards, headphones, mice, things like that.derly result. the full-year profit and sales guidance. the board is moving closer to her finalizing who will be the next ceo. up 12.5%. one of the more volatile early trades is spotify. the podcast company, now solidly higher. after reporting the earnings beat with revenue that was in line with expectations. 574 monthly active users. forecasting that number to be 60 1 million in the current period and by the way, check the spotify chief financial officer coming up next on squawk on the street. the homebuilder up after profits beat estimates. narrowly missed. helped along by robust demand despite higher mortgage rates. by the way, it grew 43% over this time last year. it has been volatile. i will send it back over. >> thank you very much. i look at these earnings reports and i try and take away the macro themes. i went to the consumer names this morning. kimberly-clark. they have staples like diapers and toilet paper. a quote that i pulled out of the call there on north american demand.

. >> brackendale you saw there, he turned around logitech and did it three times -- more than three timesn a period of 11 years. he turned around procter & gamble he'll do the same with vf corp it's not coming down instantly one of the things he laid out last night it's not going to happen overnight vans is the problem there. anyone who is buying now, it's a longer ride. have faith i think he can turn it around. the timeframe may not be what people want. >> two activists in there. he seems to be following a lot of what their playbook is. >> yeah. >> cut costs, cut the dividend, delever, reinvest. >> change the vans president. >> new vans team coming in he's bringing in a great european face. north face is the gold star in europe it did a lot of things wrong, many things wrong, and he has to fix a lot of it. there's a case study in how to run a company into the ground a very good company, i think as long as people understand you can't do it overnight, he's a person who can turn it around. >> amazing how they ruin this company. >> they ruined it. >> $100 stock. >> ruined it i remember when

lisa: is there a logitech a week, it is difficult to come out with an overarching tech thesis, but thereway people are hesitant to pile in to the tech names and evaluations where they are? is that an accurate take away to earning so far? julian: 5% yield and geopolitical situation we are confronting right now is compressing valuations. you will have stocks that do well in earnings. you will have stocks that do poorly in earnings but at the index level, there's hesitant to the conversation. there is one safe haven. it is tom's triple leverage cash fund. tom: people think i'm doing a massive payout on that. i'm not getting net return. julian: you're going on leverage because the cost of leverage is too high and frankly, that is one of the issues we are seeing in our institutional investors. tom: katie is taking this on this. katie: i'm seriously surprised triple leverage cash etf has not been launched yet because there is an etf for everything. i want to talk about what this means for managers. you write it is still a stock picker's market and someone told me yesterday if you want to look