>>reporter: retail not good. i'd best against costco into earning. >> the retail is horrible. the but the xlu ready for bullback. >> see you next friday at starts right now >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. people want to make friends. i'm just trying to save you money. my job is to entertain, educate, and teach you. today we have a lighter than expected job growth. middling wage gains. not exploding wage gains which is not what you want to see if you own stocks

it caused a market wide meltdown and get this, nasdaq, 3.05%. now, ordinarily at this point in the business cycle, i tell you the bad news is good news. because a weak report means the federal reserve is less likely to raise interest rates, which we know can be prudish for stocks but the fed has gotten inself into this ridiculous box that they have to tighten because it said ahead of the numbers it was going to tighten for months, i have been telling you the economy is slowing that the peak may have been when jay powell came out in the beginning of october and told us business was so hot, we might need four rate hikes he just said it. and that was your signal that things were going to get dicy, as it was to me. because words like that carry a lot of weight. even if you strike to walk them back, as powell did a month later. this kind of statement can be self-fulfilling. businesses hear about four more rate hikes, they pull in their horns which is why powell's

predecessor avoided making such sweeping rash statements now, theoretically, today's employment numbers should have given the fed cover to wait rather than have to put through another rate hike this month however, powell has backed himself into a corner. because he promised a rate hike, he risked stirring a wave of fear if he doesn't investors will presume things are wrong, or jay powell wouldn't have changed his mind i can understand why the fed would think we need another rate hike and yes, it's true, we're pretty close to full employment, although i think the model should change and unemployment can go down even more. the fact is the economy is slowing, the stock market shows it you may think the stock market goes down because the economy is accelerating that's why it's so skittish. no one wants the fed to tighten going into a slowdown, especially when we might be in a tariff war, really around the globe. people want the fed to be

flexible thanks to his previous comments, powell is in a lose-lose situation. if he doesn't give up a rate hike, it will cause a panic. maybe a creative fed chief could square the circle by holding off, but maybe selling some of the long-term bonds they have been sitting on since the financial crisis, they could fix the inverted yield curve situation. you don't want any tightening and the fed would sit tight. i hate to say, it mr. powell, but here it goes i told you so. with that in mind, what do we have coming up let's look at the game plans, not get too nervous about what's going to happen because we're not going to go into recession e-commerce has become one of the most volatile areas in the market i'm always trying to get a feel for it why? because it's a huge driver of the new economy. ulta and lululemon reported quarters that were disappointed, but they reported on a day where the market wasn't bad.

we also care about what i call the subscription economy where you sign up for something online that generates recurring revenue for the company in question, whether we're talking software or newspapers or nutritional supplements. so let's hear what stitchfix has to say i kind of like it, a real good barometer. this company has an online subscription base personal shopper business that specializes in apparel it crashed into a retaining wall 60 miles per hour the last time it reported. the stock lost a third of its value in the same day. tuesday, after the close, we hear from another one i like, dame and busters, the chain where people go to play games, watch sports, eat. i think of it as the ultimate play on the experiential company we're always talking about what do i mean did i ever tell you about the time my then-9-year-old daughter and i spent $34 using a ridiculous claw to pick up a furry cat in a mosh pit of worthless items that will all

end up in a darn landfill? dave and busters is always a terrific gauge of consumer spending, which frankly needs to stay strong or else the economy is in real trouble i'll be listening to that conference call. you just keep doing it it was ridiculous. all right. wednesday, we got a real treat when under armour, i started recommending the stock in the low teens. now it's in the low 20s. is it time to ring the register. the ceo tells a terrific story i want to hear about the state of apparel and foot wear both here and china maybe it goes down here. this is the furry animal thing and maybe a chance and then the annual starbucks love fest next thursday. this is one of the most educational and i actually have to tell you, riveting analyst meetings i ever attended these are just news-filled star-studded events with the company tending to roll out something new if analysts and employees including important

perks and benefits starbucks is on a roll, and i expect ceo kevin johnson, kj, will give us a road map for a return to robust growth in the united states. company is putting up slnt nebs in china too let's see if they can keep it up even with the escalating trade tensions thursday, we get results from seu seunena. i'm talking about sienna with a c. i think it will be fascinating to hear their perspective, not to mention chinese competitors, huawei, and over all telecommunications buildout worldwide. costco reports after closing this is a situation, no matter how good things are, i doubt it can move the needle because the stock has always run this week, costco gave us fantastic november same-sale numbers. i don't see how they can top that number. costco's a company that's been integral to the low inflation economy that i always talk about. they say the club members save a

fortune by just joining the club that's why i love it i'm a gold star member my wife has a black card i wonder if managers will call out the strength in their e-commerce business. i also think they might talk about how competitive the food space has become amazon, walmart, target, all duking it out. finally, on friday, i bet it's going to be excellent. you know the ceo, he's generating tremendous returns on the government sponsored health care plans and all the states and contracts he's winning, i expect a darn good story that segment of the market along with hospitals has held up better than anything else because it does so well in a slowdown, which is what people are worried about. a fed-induced slowdown now that the s&p has gone negative for the year, let me give you one warning i think we're going to have to slog through the volatility sessions for a bit as there are all sorts of difficult cross currents the trade war with china, apple,

which got a price target cut from the most influential analyst in the stock it's now down for the year, and of course, our federal reserve that backed itself into a corner when it comes to the next rate hike get used to these cross currents because this is the new normal let me speak to martin in martin >> caller: hi. i'm a longtime listener, first-time caller. >> great, martin >> caller: my question is, i own duke, duk. and southern company, so, regulated utilities, and the profits and rates are set by government agencies. >> right >> caller: and right now, s.o. is paying 5.1, and duk is paying 4.1 dividends. and during the crash in '87, they actually went up because it was a guaranteed stream of income >> sure. >> caller: they never risked paying a dividend in gi50 years

i bought them six months ago alt a 52-week low. i'm looking for guaranteed income should i buy more? >> i think they have all moved a lot. thank you for the kind words my issue with that is that you look at cds, and cds which have a lot les risk, are really well. i think you could move into a three to five-year cd with new money and keep those stocks and do very well i recommend that because of your age, because you're up there like me, and we don't need to risk any more money in a crazy market, even though those two you mentioned are good stocks. i know today was rough and by no means what a stockholder wants to see is the system broken? we'll be exploring that all next week sadly, we have to slog through the volatility because the machines are at work on "mad money" tonight, i have thoughts about the people's republic and i'm not going to be shy about it i'm going to tell you why it may

be time to stop betting that this is about trade. >> then which cloud kings remain royal right here i'll tell you the places that are looking like they have a sunny outlook as the stocks go down and up nearly 30% just today don't miss my exclusive with domo's top brass, and stick with -- cramer >> don't miss a second of "mad money. follow at jim cramer on twitter. have a question? tweet cramer #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. (toni vo) 'twas the night before christmas,

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fidelity. ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ let me say this again. the trade war with china is not about trade. sure, the chinese government has all kinds of unsavory practices when it comes to trade and other things, but that's not the point. the trade war is about who gets to be a global superpower.

when we learned the cfo of huawei had been arrested in canada for violating sanctions with iran, observers concluded the trade talks had been derailed no way the chinese were coming to the table i think you're missing the point. the cfo of one of china's largest companies was effectively acting as an operative for the chinese government, doing their bidding in ways we don't understand, including trading insensitive technology with iran and apparently, evidence was strong enough to convince the canadians or else they would have never arrested her. they don't typically do our bidding. the problem, for years our policy with schiena was simple we admitted them to the world trade organization in 2001 with the idea being the people's republic would liberalize their markets, opening themup to western businesses there was a hope that free markets would lead to more political freedom. we had a mandate, make the communists less communist and try to turn a profit while doing it, like we do with any other nation however, that plan has only

partially worked china embraced some capitalism, but they never went all the way and they never embraced democra democracy. china remains a communist dictatorship if americans want to do business, they have to join with bogus companies. china is such a huge market, even this is worth it for many businesses i have no problem with the belt road initiative when the chinese use their wealth to help developing countries they have every right to invest wherever they want, and the west does the same thing with the imf and the world bank, but there's no reason for the united states to fund china's bid for superfund status remember mike pence's speech i always talk about in october, where he argued trading with the chinese may not be in our national interest. that was an extreme tone to some of this, but that speech lays out the brief against the huaweis of china pence's point, the chinese communist party needs to be held accountable for its actions. we can't keep letting them get

away with this honestly, the united states would never tolerate this kind of bad behavior from any other country. their companies completely violated the iranian sanctions, but we tolerate it from china. why, because doing business there is so lucrative and we like it when our companies do well and their stocks go higher. now, when you talk to the hard-line policy makes around the white house, as i do, they make it clear that fighting back against china is going to hurt the earnings of publicly traded companies. it is, the ones that are there will get hurt. look at apple, who knows what is going on, but apple stock was horrendous today who knows? but i think it's worth the price to contain china's geopolitical ambitions. as an investor, you have to wonder if it will matter to the federal reserve that these earnings are at risk here's why i side with the fed the answer is no they won't be laying off people here their profits aren't even invested here. of course, if we trigger a slowdown in china that spretdz to the rest of theworld, which is what's happening right now, then that hurts us, too. and the tariffs do put

inflationary pressure on, but it's manmade here's the real point. real point is, whenever you stand, whereveria stand on this issue, it's bigger than corporate earnings it's bigger than the economy the trade war with china is about global hegemony, who gets to rule the world. that's why it's so darn intractable, because these are pretty high stakes and the tussles increasing the volatility and the jitters we all feel about the stock market these days stay with cramer

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after spending nearly two month getting pullout, the kings finally made a comeback starting near the end of november remember, in september, i warned you to watch out for sell-off in fast growing momentum stocks adobe, service now, red head, spunk, but even i didn't expect such a horrific breakdown. what happened? fed chief jerome powell made poorly thought out rash comments about the need to keep raising interest rates and suddenly, they were dumping their biggest winners. who can blame them we saw what happened today the cloud kings were some of the best performers to date. they got crushed nearly all of them entered bear market territory, but the worst, splunk one of the best companies, losing more than 35% of its value from peak to trough. the slaughter was so terrible that we started hearing chatter about the slowdown in the cloud even as there was no evidence for a slowdown at all aside from

the fact that the stocks had been hammered. that's sometimes the case of circular reasoning last week, everything changes, once jerome powell indicated he might not need to keep raising the interest rates after the last one the market adopted a much more positive attitude. until today, of course, but then the cloud kings really did after that powell walkback, report a series of blowout earnings with numbers that were spectacular and the stocks responded accordingly, by flying up those cloud stocks pulled back hard today, so now it's worth talking about again. you have to understand, we know that business is just fine because in fact, maybe better than fine, we have just heard from the companies i think they're worth buying let's talk about the stunning rebound and why i like the cloud kings as these vicious pullbacks and i think they will come back, eventually first you need to understand that it's about more than just earnings service now, n.o.w., reported a great quarter in late october,

and nobody cared the stock rallied 1.4 the next day before plunging to new lows along with the cloud king compadres. when the fed changed its tone, they made it possible for these stocks to rally again. it wasn't the companies themselves when salesforce.com reported the game had changed, the software kingpin knocked it out of the park with growth staying at 25% to 30% range $21 billion sales company, and earnings up more than 50%. these numbers made it crystal clear that there is no cloud slowdown that's why the stock surged 10% last wednesday, and it's been rallying ever since until the latest pullback, which is why i wanted to do the piece no, the pullback is not done yes, we have to buy on the way down, then there's spunk, the one hardest hit. that remains one of my favorite ways to play big data. the story is simple. they help their clients interpret machine data they produce vast quantities of this stuff, but it turns out machine data is a treasure trove

of information, but you these these guys to make sense of it they have a monster top and bottom line beat revenue 40% year over year not a lot of those they gave bullish guidance for the next fiscal year in march, spunk was saying it could generate $2 billion in sales. next year, now they're talking about $2.1 billion what's driving the strength? as wells fargo points out, not only is the company seeing continuing momentum when it comes to signing new daeals, thy may be experiencing an acceleration, the opposite of the slowdown yet the stock went to 83 in its mid november lows, and on what we now have confirmation their business is on fire. the stock took off last friday however, it's quickly been giving back some of the gains at $105, it is a good bet, although i would like it more at lower levels, which you're probably going to get as the market is very volatile. this is one of the stocks that

does get cheaper as it goes down next up is vmware, the virtual company that has become major. this was the first to bottom, hitting hlows in late october when vmware reported last thursday, we had another strong quarter, imagine raising the four-year earnings guidance while rolling out a revenue forecast for next year it was a spectacular conference call the story is simpler than it may seem vmware helps companies set out hybrid cloud infrastructure, meaning it lets them use both say amazon web services and google cloud or microsoft azure, plus, the company has an incredible relationship with amazon they make it easier for companies that want to embrace the cloud to get every sets up for amazon web services. by the way, remember, aws is the number one player in the group by far vmware remains the slowest and steadiest of the cloud kings, which is why its stock bottomed first. this is the one to buy if the

others seems a little too volatile for them, especially now that it's pulled back $9 from its all-time high last friday i expect to go down. you buy it slowly on the way down these are not stocks you make a statement on finally, you have work, the cloud king that helps business from pay roll to employee expense management and procurement. this is another stock that got clocked over the course of september and october, but then came roaring back to new all-time highs they served up the latest in a series of fantastic quarters, doing so well, with a huge billings, accelerating revenue growth, and 31 cents per share of earnings. only looking for 15 cents. the stock exploded higher. even better, next quarter looks great, too, which is why the stock surged to $165 in the news it was that good i would be a buyer of the current weakness it's not all sunshine and weakness in the cloud stocks the software prince that describes itself as the

salesforce of expense management reported an imperfect quarter. i think it's poor timing the actual quarter is better than people realize, but that doesn't mean it will still bounce still, their sales are doing just fine. there's no slowdown. on the other hand, clouddera folded more than 12% yesterday, even if the stock didn'tback some of this today these are the most volatile stocks in the market i like the cloud kings on the way down here's the bottom line the last time we had a huge marketwide selloff, the cloud kings got crushed. but you know what. it turned out to be an amazing buying opportunity because the fundamentals were still going strong if the group is getting hit again, i'm thinking salesforce, which you can follow along, splunk, which is in our bull pen, vmware, and work day. four cloud companies we know because they just reported are in great shape don't do it all at once. it's too crazy, too volatile,

but when they get hammered, they do actually become very attractive investments let's go to john in california john >> caller: hey thanks, jim, for taking my call. i'm john from irvine, california thanks and appreciation for all your hard work my company has a subscription business model for music but it has competition from apple and tencent. i bought it some time ago, but it's lost some ground, but not much more than the market in general. my company is spotify. >> i think spotify does a great job. it's got really great machine learning, artificial intelligence it's really terrific but the one thing i will say, just so you know, this is a stock that is very, very volatile far more than i thought it would be and that's causing a lot of what's i think pressuring you. i thought the quarter was fine now, we saw this happen before these selloffs are what i regard as being buying opportunities, but only if you buy them like down, down, down

that's why i'm presenting this tonight. stick with salesforce, splunk, vmware, and workday. most stocked got annihilated, but not domo stock is up 35%. i'm going to sit down with the ceo. >> then you have to go up the tape to get the full picture don't miss my exclusive with danny meyer himself. we'll talk gold belly and much pore and all your calls in tonight's edition of the lightning round stay with cramer

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- ( phone ringing ) - get details on this state program visit right now or call during business hours. what a horrific day for the stock market some stocks actually managed to rally. take domo, a very small speculative cloud-based software provider that became public over the summer and one of cnbc's disrupters in 2016 it allows a business to connect its employees with real time data and intelligence they need to make decisions and then they can enact the decisions via their smartphones. domo's platform allows the ceo to manage their whole enterprise from the phone, by digitally connecting all of the people, all the data l of the systems of the organization domo became public in june, and

after a first day spike, its stock went into freefall but lately, the group has been bouncing, and today, domo caught fire, defying the gravitational pull to rally more than 30% single session why? the company reported a truly blowout quarter. there were never worries for me, but the market is tough. this is a very speculative small cap stock, so let's dig deeper with josh james, the founder and ceo of domo. mr. james, welcome to "mad money. great to see you, sir. >> thank you so much >> have a seat i happen to know jog from the days where i started the street.com he built a company and sold it for a great price. this isn't your first rodeo. >> i haven't because i never forgot how helpful you were. you cared about small cap people, not just big cap people. you are having tremendous success with this new company, including maybe you can tell me what you do for a target or a sephora, because that may be the

most successful. >> it's great to talk to them how it happened in one department and it started spreading and spreading. 10,000 people are using the product, and the ceo, the ceo is using it every day >> brian cornell is looking to see how he's doing on domo >> it's like a party trick he walks into target stores as a secret shopper pulls out his phone. he knows what's selling in that store as of that day compared to other stores what's selling well and not selling well he can walk around and see how that's being utilized. >> no one else has that. >> i know one point in your conference call, you said i really like this, we're dramatically underpricing the value of the product and now, why would you do that why not charge some price that you can be profitable instantly? >> i think if we were doing a better job, the stock would be higher, that's one thing, so we need to work on that at the beginning, you're just trying to find customers to use

the product at scale now that we have gotten the customers, we have gone in and really showed them the whole architecture this is really seven start-ups in one we raised almost a billion dollars. >> did you really? >> yeah, so we were building all these parts. >> this could be a bargain >> it is a bargain because you can't do this unless you put all these things together. you can't have the ceo pull his phone out and have realtime data at scale unless you put all these things together. you can't buy this and buy that and try to bailey wire and duct tape this together >> did you do it or have a great team >> a great team of people. i'm not actually all that technical. i just know what it can do i was going to college when the internet started >> you have a line in the conference call. it says people were trying to differentiate you, and you said most cases were trying to solve something they can't figure out how to solve now, that's a pretty bold comment, josh. what do you mean by that

really i hire tableau data, the smart guys, they can't do what you do? >> no. this has to do with cloud. so you're big on cloud >> yes, i am >> this is cloud when we're doing cloud, we were the first ones to deit >> absolutely true that is not hyperbole because that's where i learned the cloud, from you. >> we're talking now, i just saw a customer, ciy walks up to me, a top 200 company in the world, and he said oh, i'm a customer of yours great. i have a question for you. we own 90,000 ice cream machines vending machines is there any way you can dig the data off those, do predictable analytics and tell us which product we should put in each month and what's selling >> that's so valuable. >> once they start getting the data, their mind starts opening up >> it's a platform can can be integrated with the salesforce.com platform or it is your own >> salesforce is onef our top five we're connected to. >> marc benioff e-mails you and

says listen, i have an idea. >> marc says jump, i generally jump >> we all do i'm a tv person, i don't have to do anything. what is domo-palooza it's basically trying to entertain myself you go to all these boring conferences and you're talking about boring things, and it's like no, we're going to have a great time, do great business, and then have fun after hours. >> that's a domo--palooza. the last thing i want to ask you, you're fully funded, as i understand it, so even though it's a small cap stock, you're burning some cash. i don't have to worry for the foreseeable future because you have all the money >> that's the worry we hear from investors. you're going to rub out of money. i'm like, i have done this before i took the dilution on the ipo i didn't raise the money to run out of money i want to reiterate that and be like guys, we have enough. the business is doing well we're absolutely going to get to cash roll positive without having to raise another dime

>> i'm so glad you came on the show josh james, domo's founder, chairman, ceo. very accessible story. read the conference call, look at the data, and you'll enjoy it as much as i do. "mad money" is back after the break. at&t provides edge-to-edge intelligence, covering virtually every part of your healthcare business. so that if she has a heart problem & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence.

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it is time lightning round. and then the lightning round is over are you ready? let's go to matthew in connecticut. matthew. >> caller: jim, how's it going >> i'm doing well. how about you? >> caller: all right my question is how do you feel about site >> you don't want to be there because people don't like housing right now. it's going to be affiliated with the housing group. it keeps going down. we have to take a big pass >> ann in indiana. ann. >> caller: thanks for taking my call >> not a problem >> costello waste systems. buy, sell, or hold >> it holds up incredibly well have you seen that stock it's dynamite. wendy. >> caller: hi, there, jim. just really quickly, want to

tell you, i caught your show this morning, and peter navarro and you and i teotally agree on the fed. i was so glad to hear you shout it out to your cohorts sitting beside you i'm calling you about glasgow smith klein, i bought it in 2011 and paid $46.59. >> all right well, it's down. we don't care where a stock has been, we care where it's going it's got a 5% yield. i have not seen what i would like to see from that company. as far as i'm concerned, there are much better drug stocks. thank you for the kind comment about the federal reserve, bought in the end, the october fed knew nothing steve in wisconsin, steve. >> caller: hello, mr. cramer first off, i want to tell you how beneficial it's been watching your show throughout the years. >> thank you >> caller: very much appreciate

it and as a matter of fact, i tell my friend, i say, just remember there's always a bull market out there. jim cramer is always going to find it for us anyway stock is abt >> abt or adt? abt. abbot labs i think that is terrific he's done a remarkable job the device business is red hot they have fantastic balance sheet. ladies and gentlemen, the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade good to see you, sir boo-yah. >> i won i won! >> that means nothing. we're off to the races

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long time viewers know i'm a

big fan of dana meyer, the hospitality expert that created the original shake shack, along with gramercy tavern, and the fantastically manhotta that my wife and i both adore. last year, thee launched a new adventure, a fund in investment companies that share his focus on amazing customer experiences. he created a whole hospitality index years ago. in october, we learned he had invested $20 million in a company called goldbelly, a long distance food delivery that lets you order food from iconic restaurants online, including jim's stakes you know cheesesteaks, in philadelphia that's the company that catered my wedding yesterday, thanks to goldbelly, i was able to have a genuine philly cheesesteak at 7:15 a.m. in the middle of manhattan a cool concept i got a chance to check in with dana meyer and the ceo of goldbelly, and mark levitt, union square's hospitality

group's chief investment officer, and another restaurant i love, blue smoke >> danny, you have been at the cutting edge of ask involving food and hospitality tell me about this venture >> i don't know if you remember or not, butright about the tim the great recession was starting, you had me on your show you said, i want you to pick the danny meyer hospitality index. companies -- public companies making people feel good. i came up with this market basket then you had me back on six months later and then two years after that and that particular index, companies that made their employees feel great, their customers feel great, their communities feel great, were the ones that were outperforming the market by a lot. so mark and i got together and said, you know what. that theory really works why don't we try it in the private sector and so we have put together a fund we call it enlightened hospitality investments. we're looking for scalable businesses, ideas we wish we had come up with ourselves, leaders

we wished we had hired ourselves, but people who primarily are doing things the exact seam way i was trying to pick in the meyer hospitality index. we have one, goldbelly, which hits a bulls eye >> all of us in the end may be from another place, may be rooting for another team because we're born there, but we can't ever get the smell, the taste of what we love when we were growing up how do you logistically figure out this was even possible, mark >> it actually came about because we had heard -- goldbelly had raised money from a lot of really high-quality tech investors we heard what they were doing. i asked danny, and he said i happen to have ice cream in my freezer sent to me by goldbelly. that furthered our interest. >> what the frozen custard did was being from st. louis, it's like, i thought i had to go back home to get ted drews, and all of a sudden there it is in my

freezer. >> i looked at the website, which is just fabulous it's inconceivable for me, actually for not really a lot of money, that i can have what i grew up with what's changed actually logistically to make it so it's fresh, it tastes good, that it's possible >> that's our mission. to bring people food love and memories wherever they are, from the places that mean the most to them we work with every merchant one by one to figure out the best way to ship their items. we taste test everything on the site everything is highly curated it doesn't go on the site unless it gets past my belly. >> and you are goldbelly you are what i really regard as another company i love from brooklyn, etsy. i feel like the crafts person was really constrained to their region you have opened up nationally some fabulous local and regional brands how empowering is that for a person who has really been able to deal with one urban area? >> that's exactly right. gourmet and specialty food, $140

billion industry when you think of the players that are online, the omaha steaks, 1-800-flowers. big, gigantic companies pushing their own product on you we're a platform so our whole mission is to empower the most talented regional food makers doing things mom and pop style on a local level. they could not enter this economy because of shipping costs, because of managing logistics, customer service. and nobody knows how to find customers online so we have created a marketplace. more than a million customers now. to empower 400 now regional food makers all across the country. >> tell me how it works. you're all kind of -- you know something in st. louis why would i want the thing from st. louis? i get you, you're from it. why would i look and say, oh, st. louis ribs i have to have those >> i have a pretty strong point of view on this. i think the more high-tech we have gotten in our lives, the more high touch we really need and we have made everything so convenient that people now walk around with this remote controlled life.

they want everything whereve they are, wherever they are. but what's getting lost a lot of the times is the human need for deep rooted experience that brings back taste memories whether or not i grew up in st. louis, i want to use my home more often i want to invite friends over more off and i want to show them something maybe they couldn't have gotten. we have this restaurant economy happening. that is or is not good for restaurants. we'll learn that in a few years probably but what we love about goldbelly is this has nothing to do with deciding whether jim wants to have blue smoke at his home or whether he wants to come to blue smoke. it's jim lives in san francisco. he's heard amazing things or hawaii or wichita. he's heard amazing things about blue smoke, and he says i want thanksgiving dinner catered by blue smoke in manhattan in my home tomorrow. and we can actually make that happen >> to put some numbers around

that, we sold -- as part of this investment, we set up a union square hospitality thanksgiving pie special, and we sold close to 1,000 pies in i think it was 44 states and sold blue smoke thanksgiving dinners in 22 states, including hawaii >> sold out. >> we could have sold more >> what really interesting someone in the restaurant business, that's just incremental gross profit for a company, you have done incredibly well, but there are a lot of people who it's just they're kind of constrained by the size of the place. their brand name doesn't necessarily allow them to cash in on it i'm sure there are companies who are in your network, have seen their business just skyrocket because of you >> oh, yeah. we have some businesses that more than 50% of their revenue are now in shipping. >> incredible. >> we have shops where it's a one-lady shop that started in her own kitchen baking whoopee pies that is opening physical stores on oprah's list >> you have always felt and loved putting people to work from the day i met you, you

loved providing jobs for people. just talk about what that means, what new jobs are being created. >> think about it, jim no matter where you live in the country, you're doing your business on whatever scale you're doing it. and now, all of a sudden, this guy has turned on the spigott in the entire country is now at your disposal. what happens well, i have to buy more flour for my whoopee pie i have to put more people to work for thatpie will you just go over a couple of the kinds of products i can get on goldbelly for me, i love traveling i'm what they call a gastronaut. i travel to eat. >> you're remarkable >> i just love finding the local specialties wherever i go because that's how i learn about people and places. and now, it's not that i'm going to stop traveling, but i can actually save a couple miles on the airplane by going to goldbelly. what are some of the kinds of foods?

>> so if you don't live in new york, you want new york bagels and there is no supplement you don't live in philly, but ugrew up there you want a real philly cheesesteak. >> your bagel. i have never liked h & h as much as i like essa because to me, it's the quintessential bagel. >> i used to run six miles so i could have one >> seven miles if you want cream cheese >> no. >> would you put lox on the bagel? >> of course >> on the upper east side, two great ones from new orleans, the muffaleta sandwich >> my daughter went to tulane. essential. >> iconic foods from all across the country. ren regional specialties, unique items, and arth this time of year, gifts. you can spread love from places that mean a lot to you to someone else >> this is the experiential.

no one want to buy something they i return to the store, it's not creative you clearly didn't spend time. i think if i got what you're offering, everyone would know i spent some time on it, and it would be at home, which is what people really want to be but i have to ask you, danny, going out is also great for the economy. is this the stay at home economy, is it good for things >> it is what it is, jim one of the things we learned way back in the year 2000, when we invested in open table, the reservations platform. >> you spotted that early. >> now we're investors in resi through our fund you is to give people what they want who am i to say i don't want to give up my reservations when you really wanted to make your reservation online of course, restaurants are as crucial more than ever bringing people together face-to-face with people in an environment that's not their home, it's crucial. but if you want to stay home, i want to feed you there too i also want to feed you things that maybe you couldn't have

gotten if you just went to your local supermarket. >> and joe, just to wrap it up, go to goldbelly.com. okay there's a big menu if you're trying to order right now for a holiday special, put your order in now. i want people to know how it works because maybe you don't wake up december 23rd and place the order. >> you can order right now, predate your orders any time three months in advance. any food, anywhere, anytime. at the end of the day, our mission is to bring people comfort through food experiences. wherever they are. >> what's the general time it takes to get an order? >> most of the stuff is overnight or two-day but if you want to preplan for the holiday, you can do that now. >> perfect i want people to do that i know i'm going to do it. because i'm from philadelphia. danny meyer, mark levitt of union square hospitality, and joe aria from goldbelly, congratulations for everything you're doing once again, i salute you for putting more people to work than anybody i know

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