and dan didn't make fun of me once. >> you mean on air during the breaks, well -- >> a lot during the breaks sarepta had a great quarter but getting caught up in the maelstrom of the market. srpt. >> that does it for us for a specia my mission is simple, to make you money i'm here to level the playing field for all investors. there's always work somewhere. i promise to help you find it. "mad money" starts now. >> hey, i'm cramer welcome to "mad money," coming to you from san francisco, the center of the hardest hit portion of the stock market today. some people want to make

friends, i'm trying to save you money. my job is educate and teach and put it in context. so call me is this the new normal today was the worst day for the averages since december 24th with the dow plunging 617 points the s&p 500 plummeting 2.14% and the nasdaq nosediving 3.1% so we have to ask, is this how the market reacts to an escalation of the trade war? i mean you better strap yourself n i expect to see tariffs on the other $300 billion worth of merchandise that we import from china. president trump doesn't care about doing business with the people's republic. he is going to punish anyone until they try to agree to a deal which will happen down the road nothing soon china is a huge trading partner.

the president believes the trade war hurts them more than it hurts us and in his view the damage will be contained to a small number of companies like in the dow it will be abc. apple, boeing, caterpillar the stock market doesn't buy it. investors believe the carnage will be immense. and then they went out so badly that they're willing to sell everything other than utilities and campbell soup and hershey's. so how worried should we be. history says you may want to be afraid giant tariffs and impeded trays means less business and less business means lower stock prices you know what? that is missing something. most companies won't see the earnings hurt here that's why it's premature to bail on the whole market you'll hear people talk about the holy tariff act exacerbated the great depression some will say it caused great

depression but went into law eight months after the 1929 stock market crash so i don't know if that's such a good analysis about what we should be scared of the thing, is most investors don't seem to realize that our trade war with china doesn't have much in common with past trade wars why? because we simply don't sell that much stuff to the chinese that's why when china unveiled the retaliation targets, i found the list pathetic, frankly trump raised tariffs on $200 billion of chinese exports they hit back on $60 billion of u.s. imports sounds one sided just listen to this list this is what is on the list. beans, brussel sprouts, cabbage, carrots, cauliflower, broccoli so far these are all things our mom made us eat that we didn't like cucumbers, potatoes, sweet potatoes, rabbit meat.

frog legs, almonds, cashews, figs, oranges, manld rinne oranges! hazel nuts, pears, macadamia nuts, whey eggs, butter, past yasha, rigcen eels, trout, cake, beer, wine, wheat. all agriculture except for televisions, dvrs, cameras, and gloves china's also threatening to cut off our liquified natural gas exports. these goods are made by farmers. the president said he'll bail them out if they need it the goods are all commodities. they'll flow some soy beernans t down agriculture is the most heavily subsidized industry in america we prop them up and protect them against foreign competition. now a couple of the items are, i

know, down right funny tvrs dvrs cameras? gloves come on! our manufacturing base for that stuff was wiped out ages ago china in particular destroyed the american glove industry. liquified natural gas. that's like get in line. there is so much worldwide demand for natural gas someone elimination will take the contracts not that there is any to be contracted for right now. when we spoke with the father of the l & g industry and the dominion energy, they both told us the same thing. simply no additional supply to be had those guys, so where does this put us this world view, the one that says nobody left in china to do business with very bad for china and very good for the u.s. wow that, is thoughtful. that terrifies most investors. wall street once traded with china. the last thing they want is for the second largest economy in

hichltry to go to recession. something that could spread to other trading partners the president isn't telling companies they need to make everything here. he wants them move away from china. we're talking to laura albert. she is ahead of the curve. she is getting around the tariff hikes, including the united states she's making fabric in tupelo, mississippi, since she saw this coming 500 jobs. now it gets worse for the chinese. trump's deeping whether to slap 25% tariffs on the $300 billion worth of the stuff we import at that point, china will be out of american exports and they threaten to start selling more than a trillion dollars in u.s. treasuries hold it just a second. i say go right ahead treasury yields plummeting here. can you price hundred drefrdz billions of dollars and treasuries right now they're doing us a favor you start buying stocks yet.

last week i told you that tuesday would be the moment to start doing some buying because i figured this chinese retaliation would scare people today and the recession stocks would win. that's the stuff like do i have any hershey's left campbells? it's all right by end of tomorrow's session, ininvestors will start picking among the rubble, targeted well run domestic names like the managed care stocks, telcos and, of course, some tax. there are others, most of the upcoming wave of ipos will be clouded by the uber deal short term, that's a bummer. long term, fantastic the last thing we need right now is more stock supply there are semiconductor stocks that will be hurt and you have to wait before you pull the trigger with these we don't know how badly their apple business will be damaged boo! we don't know if the chinese will target individual companies line starbucks or nike with boycotts

hey, maybe deere reports this week, that could be tough. let's go back to epicenter of trade war, apple it was a one-two punch here today. i think they gave me that one. because first the supreme court is allowing a lawsuit against apple for inflated app price it's they're really inflated a lot of them are free the argument is they have a monopoly on the app store. that doesn't mean it will prevail, it's a risk i think it is a small one. second, apple could feel some pain if the chinese go for a boycott against their products they make so much stuff in china that, is like cutting off your nose to spite your face. but who knows? an iphone boycott will be more effective than tariffs on trout, eels or american made pasta! the bottom line, today the market turned against everything against the soft good stocks only a handful of those. that move tends to last for three days and this was day two tomorrow day three by the end of the day, the buyers usually

start circling back the stocks with no chinese exposure thing fa in. g. so get ready it's been a wild ride. what we're almost in oversold territory and there's not much more china can do to hurt our economy even as it sure can hurt the stock market because their moves inspire panic like no other country's business hey, what are we going to josh in california, please. josh >> hey, jim. how are you? >> this isn't josh lipton is it? never mind go ahead, josh >> okay. yes, jim, what are your thoughts on -- [ inaudible >> on which one? >> exxonmobil after china -- >> exxonmobil, no. no exxonmobil has a good yield. we like chevron more we thought chevron was savvy to take the billion dollar breakup fee and move on from the deal to

buy anadarco elaine in florida. elaine elaine >> yeah. >> go ahead, elaine. it's jim >> hi, jim how are you? i'm a long time pensioner with u.s. steel and i'm wondering if they are in a position to function productively long term >> i think the long term is tough. their balance sheet is not that good elaine, i hate to see you in a situation, i know you're long time pensioner of it but newcorps is the only company left in the large ones that has a good balance sheet that's the one all right. it was a day of agony. no ecstasy brace your self for a wild ride. you know what? i think the market should stop sweating the program by thursday, i don't know, i mean, we'll still know this

stuff. but it's going to be in our rear view window. today's selloff was tough. i have your back, i'm focused on the drop the companies at the center of it all i'm talking the twitter and workday of at worst day for tech in months. and one of the other companies that really did anticipate the 25% tariff, yes, that is william sonoma i suggest you stay with cramer

there's an old saying, victory has 1,000 fathers, defeat is an orphan. today's defeat came from the two parent household the trade war with china coupled

with fiasco that was friday's uber ipo i want to walk you through this defeat you might think that this sounds ridiculous how can one stock have as much impact as china ratcheting up tariffs on $60 billion of american exports whenever there is a huge highly visible offering that implodes, it zrets discredits the asset class. it is happening again right now. everybody who invested in the uber deal got burned that makes the whole market seem more treacherous than it is. so who is to blame for uber? >> uber's timing couldn't have been more terrible you're supposed to come public when the business is red hot but uber waited too long the ride sharing company's quote has been slowing for a while now. and they just had enough decelerating quarter and that is bad. it reminds me of the facebook deal remember, facebook came public

when smart phones were eviscerated. you remember it was just eviscerated and the desktop oriented business. they had no strategy whatsoever. the business was doomed to fail necessity this the got one which only happened if the stock had been cut in half uber is now in similar position. the stock's in trouble until they figure out how to put the company on the path to profitability. we heard a lot of talk about competition and pro moesal pricing, oh, no! the underwriters should have pushed back hard on this one, especially after the collapse of the lyft deal. it's not clear if they could push back. they were a ridiculous unicorn valuations they filed $1,500 million at 76 and so you understand the lead underwriter had a problem. how can you value a company north of $76 billion if the

fundamentals are deteriorated. you can't square that circle uber's $82 billion ipo valuation simply couldn't hold i think that price was a compromise between management and morgan stanley which bet that public would thirst for shares in such a well known company and put a lot of market orders to buy stock at the opening. i want to get a pop out of the gate after selling the shares, they had to get the public involved beforehand in the deal there wasn't enough demand otherwise. once you let regular individual investors participate en masse, that spike just can't happen normally this process is biassed towards big institutions money managers get most of the shares in the actual deal. then regular people bid up the stock in the after market. however, $45 most professionals weren't interests because they knew uber was slowing. and it didn't hurt that the company came on. it really helped the public came just as trump started his tariff intreess creo

the next level that is one reason waits so hideous friday morning still that, wouldn't have mattered if the ipo had been priced correctly the underwriters should have found a level where there's way a lot of institutional demand. that would have upset the recent ib vestors at least people who participated in the deal on friday wouldn't have gotten burned so badly. when we get the $45 opening price talk, just at that very moment, i was able to see and talk to a number of floor brokers. they don't handle the big orders they all told me that at these levels, the deal was finished as buyers turned to sellers instantly. when you hear that imbalance, there is no way that morgan stanley can stabilize whatever happens. the only hope is to open it so low like at $42 so that the sellers get washed out and the stock turns around the stock opened at $42 and then went to $43 but couldn't get to $45.

the result, attempt to avoid a down round is like an appointment in samara. and uber got obliterated down, down 11% frankly, they should have come public a year or two ago when the growth was still strong. but even failing that, the ipo could have worked. f. they accepted a much lower price. unfortunately, the process failed that's right the process. and that matters not just to uber but it tarnishes the entire market and the ipos that were higher out of the gate and obliterated and those that may be coming, i don't know it is more overhang we can do without. they're having a good laugh. only beyond meat today, you know what i have an impossible burger at oracle park. i'm speechless i mean is that really what you buy in a trade war are you kidding me all right. much more "mad money." today was tough. we're going to get it together,

cramer i'm talking with the ceos of william sonoma and workday so stay with cramer! oh, sir. that was my grandma's. don't worry, ma'am. all of your stuff is in ok hands. just ok? they don't give two and a half stars to just anybody. here you go. what's this? it's your piano. hold this for a sec. we don't have a piano.

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michael? >> boo-yah, jim. michael here >> all right, michael. >> swiss farms >> village farms that's a cannabis stock. i don't know if that is a blue chip like merck or pfizer. hold off for now let's gao to richard in massachusetts. what's up? >> ri hi, jim. i think your show is wonderful i'm a long term investors. "own cell point technologies saill. >> i know the company. it sent prize identity i think of it as octa. i went by the octa building, fabulous we'll have to hold off on that one, too this is a bummer jack in texas. jack >> greetings, mr. cramer from austin, texas. >> thank you for making me a doctor i'm in need of one what's going on? >> i'm seeking a company master limits partnership with a high

dividend or distribution to minimize high volatility knowing your concern over oil stocks, what is your opinion o of a pipeline partnership by the name of magellian midstream partners >> i know it well. we had him on. it's been one of the few energy people that come on air. my problem is this they made a ruling that was not so positive for them we have to get the government to deregulate so he can make as much money as possible 6.6% yield that group is not good those are the worst acting stocks in the market i'm very sorry let's go to brian in nebraska. brian? >> hey, jim. thank you for taking my call >> of course >> can you hear me >> okay. jim -- >> you sound better than ever. yeah >> hey, jim, my stock is bdx. >> finally finally one i can get behind that's precisely the kind of stock that people are going to

buy, say, wednesday babe it has no economic exposure and it is just such a good company and i like that last acquisition. now we're going to matthew in maine. matthew! >> hey, cramer big lobster boo-yah from maine >> i could use a lobster roll right about now. i'll send the staff out for one whim i'm going the show. what's going on? >> last week, fox corp, foxa, released first earning report $2.75 billion. now gambling deal, 27 cents per share dividend what is your thoughts on this foxy stock >> i think it's a very good stock. i think they put a really good quarter. i don't think there is anything wrong withholding on to. that i'm not going to jump up and down about it but it is a good company i do prefer disney just for the record, especially as disney is coming down. i think we take another. i think we go to craig in new

york craig? >> biotechnologies, please >> oh, man that was just a -- that was a bad do i got to tell you, i agree with the market i thought there was more to the drugs. they didn't have it. i think you're going to have to be very careful. i don't think there is enough there to be able to own. mike in new york mike >> how's it going, buddy appreciate everything you do >> very well very well. >> great so with the ipo and work involving cybersecurity, defense and intelligence, do you consider parse sons corporation a buy? >> i actually like it. we have cyber out later this week so if that goes up, this one will go up too but that's what i would go with. and that, ladies and gentlemen, is the conclusion of the lightning round! wait a second. tough day for the averages i'm coming to you from ground zero of the drop do not miss my meeting with the leaders of william sow nome yo,

workday and twitter and stay with cramer! what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪

everybody is freaking out about all the companies that are targets of the trade war the best operators, they're already prepared for the worst take william sonoma, the high end oem gooz chain is a big loser from trump's tariff on chinese made furniture they were prepared for this. last year they got ready for higher tariffs by moving some of the sourcing away from china and finally, aggressive ways to cut costs. they were predicting a 25% tariff for heaven's sake what is next for the company and stock? today i got to sit down with the ceo and hear her plans for the future tachlt a look. >> you're been ahead of everybody. you got an amazing e-commerce site it can be used everything.

how did you know to put it together like this >> we've been in the business of direct to consumer since i started before my time with had a catalog business and we learned how to do lifestyle marketing through the catalog format when internet came along and we were called turtles to the race, it was a pretty natural thing to do we had the names and we had had the supply chain in place. >> and now you're going business to business. why can that work for you? >> think about it, whether you have hotels or office space, you make them more residential they're looking for alternatives there is not anyone that has done that. we know with the multiple brands we can come in and trade in an

environment that hasn't been done before. >> one thing that i think is going to work in your favor is you are hiring in america which matters. because you saw a lot of things that were coming tell me about tupelo and what means. >> it's a great story. way actually opened our first manufacturing nunt north carolina many years ago as we saw the opportunity to bring jobs back. but also to make great furniture for our customers. and we did that. it was very successful it allowed us to do more custom furniture faster then when we learned of the threat of the 25% tariff, which by the way, we believed would happen >> yes and that is in print and everyone else was saying 10% >> that pessimism has come true, unfortunately. and we are more prepared so one thing we do a lot of things but one thing we did is looked

at opening another unit in tupelo and then bolstering up the other two west coast and east coast manufacturing units so we're hiring 500. >> so if people want a great job, there is one available. >> it's a great job. and also the other thing that may not be obvious is that we're making our furniture green guard certified. we have the two units already completely certified and working on tupelo. green guard is so important. we all know that off gassing is a big deal in furniture. so this prevents that from happening. >> explain stha. >> off gassing, chemical off gassing. we use all low dlc materials and n. our products and you have to go through a certification process. and we're excited and really proud that all the furniture made there is green certified.

>> 24 sustainable companies. the only one in your business that i think you care about this and we have cared for a long time >> we have cared for a long time you travel the world and see so many things. you realize how important it is to take kaur care of your works. at the end of the day, what matters? impact we want to have graa great impat on the world and takes care of the community that makes the furniture. >> you have announced that you're doing something big with rent the runway on your company, it was a surprise. but this melds well with your plan >> yeah, exciting. we're doing a lot of innovative things including rent the runway and i think it was price aggressive of our president alex bell to see that opportunity and we're going to try it. and i believe it will be a big market for that, you know, new customer segment who doesn't want to buy forever but wants

quality stuff. >> one thing i'm trying to figure out as i listen is how did you know 25% no one else knew it? how did you see it because you went to china a lot or you recognized that things were going to get tough between them how did you know >> i think that you are better off preparing for the worst, right? >> that's what you say prepare for the worst. >> hope for the best and prepare for the worst. >> we have a very sophisticate vertically integrated system and we have great relationships with our vendors we started seeing it happen. we started moving products >> moving, what? >> moving from vietnam to indough nearby yashgs moving it to america, and then also renegotiating with our current chinese manufacturers to reduce price. >> so prices are not with them so your prices are not going to go up beginning next week. >> we'll be selective price increases as there always are. we've been very careful in studying where we should do that but more importantly, we're reducing costs

so reducing costs not just on the cost of goods by moving them but also in other parts of our company. >> i do want to -- first of all, i want to congratulate you that was great foresight very few people have that. second, i'd be remiss not to talk about rejuvenation, to not talk about market grants the extension that you're doing. how important and $500 million brands that people don't know are going to be 500 million. >> we have a lot of exciting growth ideas number one -- >> double digit growth >> and west elm is a power house. it is because of the global design power sustainability and value equation it's very unknown still in the internet, believe it or not. we only have 20% -- >> really hard to believe. >> people don't only 20% of people recognize west elm's brand. we have such opportunity to continue to introduce p em to that brand and that's just one example. we have all these other great

new businesses to look forward to and to grow >> but one thing you care about is your customer so if an amazon is doing knockoffs, you try to stop that as fast as possible to protect your customer? >> that's right. >> and where are we with that lawsuit? >> we can't talk about the lawsuit. >> fair enough >> i'll just say that we have always been very passionate about protecting our customer. to make sure that they're getting what they think they're get, the quality that we deliver and also, you know, that we are controlling the experience >> well, i know that controlling the experience means great deal to you i know that there are many shoppers who love what you've done laura albert, the ceo of william sonoma wsm with a two-year growth level is extraordinary thank you so much. >> thank you so much for having me i appreciate it. as someone in witness protection,

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here in san francisco this week. there are plenty of technologies and the stocks are all going down companies like twitter, three weeks ago the social media company put in fantastic quarter. and the stock quaut fire with the market getting -- they pulled back hard does that make sense to view this selloff as a buying opportunity or is this some sort of death knell take a look at ned siegel. he is the twitter chief financial officer. get a better chance of where the company is going welcome back to mad money. >> thank you for having me zbll >> you want you to put yourself -- let's say it's thursday multiple days after the market fell apart what do you say to people about whether twitter should have been thrown away with the rest of them >> first, as twitter we're trying to get the whole world to use the service. there are topics and events that people care about all over the world that they should find out about regardless of what is going on in the world.

the first that that's going to be our purpose regardless what is happening in the country. for 20 years, the market has grown 20% a year advertisers want to measure success even more in a down turn than they do in an upturn. you can imagine that shift continues. >> you went from being, i don't know, maybe we should sample to becoming a must buy even when launching a new product. that is something that consumer product companies found out. >> not just consumer product companies, but you have a movie, if you have a new series on hbo, if you want to talk to your audience about how you should name or -- a new product, twitter is grate plaa great pla that we talk about connecting with what is happening.

you want to be part of that conversation >> i'm glad you touched on that. we had the ceo of wendy's on he talked about the democracy in action using twitter and bringing back something that was treasured. >> so they tweeted about the chicken strips that wendy's took away wendy's is a terrific example of how twitter can be used. they're all over the platform all the time talking to their customers. talking to other advertisers and other brands and in this case there were two million tweets to bring back the chicken strips and they're doing it >> that's incredible democracy in action. are you already gearing up for the presidential election in 2020 i don't know how any of the candidates can get known in the democratic party unless they tweet. >> we're always thinking about elections. there are elections all over the world all the time people want to know what is happening in real time they want to be a part of the

conversation they want to hear from the candidates whether they're the ones with whom they agreed or on the other the aisle. can you tell who the candidate is we even have on twitter you can see who is paying for ads an a campaign exactly how much they paid and what audience they're after. that transparency is really important part of delivering the election >> let me ask you a question about the election if someone were to say that i was crying jim or sleepy creepy jim, i would complain to you you've been most responsible president trump has really speaking to people via twitter joe biden, should he be allowed to do that >> we want people to chuck the information they see, we want them to be comfortable being a part of the conversation and that is going to vary how

that plays out in different conversations. >> is that rude? >> we might think that somebody says around the sixers-raptors game where there were a million tweets yesterday where they were 40,0 40,000 tweets in the minutes leonard hit the shot, you may agree or disagree with one of the people but having a conversation that everybody can be a part of, where everybody can share their point of view, that's what twitter is all b. >> i think that's a fair answer even though you brought up something that is going to wreck most of my experience. let's talk about what we call now the youth front. >> the youth front. >> i know up front what is a new front? >> new front, the opportunity that we have and other companies have to share all the great content that is going to be on our service over the coming year so that advertisers can learn about it and figure out what they want to match up with so that they can launch their new product and services and connect with what is happening we announce a partnership, many of them are extensions of work that we've date of birth in the past. >> can you think about the big brand names? >> sure.

let me tell you about the content first. >> sure. >> for many years, we're always looking to innovate what we do for them for the women's world cup, we're goeg to show every goal as a highlight after it happens major league baseball, can you vote on what player you want to see at bats for live on twitter that evening so you get to vote and then you get to watch it. for football, we've got the phenomenal highlights. there is some great news programming that we've got as well and the news programming on twitter isn't 30 and 60 minutes long these are bite size pieces the people create talking about the news, they want to be a part of the conversation about the news that is already happening on twitter. >> okay. so how do you think the news about china plays out? and there really any impact putting out that three day plan to your company because of problems between our country and china? >> well, trade war could affect all companies in all kinds of

different ways whether it is access to services or how things play out around the talent that we're trying to tract and retain at our company. we've had a lot of success in china over the last few years and we think it will continue. where we help chinese land advertisers outside of china now it's typically in asia or in other parts of the world where if you are a brand that makes a ride sharing service or a game or a washing machine or a phone and you're chinese, you want to let people in another part of the world know about your products or services the same way that u.s. or european advertisers do that's a great business for us. >> got you the last thing i want to leave you with and clarify the china thing is i want to say how proud many of us are i have a million followers that you're 38 -- >> i have more than you. >> i'm watching. >> geez. that you have really done 38% of the bad ones of the mean or bad ones, you're actually taking

things down even as it could help you in revenue short term if you left them in. >> 38% of the abusive tweets that we flag are flagged through machine learning as opposed to by human and i'm not sure what the right mix is over time the fact that 38% up from zero a while back means that we're making real progress in leading with technology and how we make sure that at which timer is a healthy place for people be a tart of the conversation and to trust the information that they read >> freedom of speech china maybe one day? >> we'll figure that out when we get there. but right now we feel like we have so much opportunity getting people not just in the united states but all over the world to use the service. >> well, i want to thank you so much, ned. you really have been -- it's been a great run since you got there. the business has been like this. >> thank you, jim. ♪ ♪

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here's something everybody is thinking about. is it too soon to start picking at the cloud kings that got obliterated? some of the companies have little to do with the trade war or the bust at uber. yet, investors didn't seem to care take workday, the cloud based software company that helps businesses automate stuff, human resources, financial management, allowing the clients to save a

lot of money workday spent couple months trading side ways and today, of course, the stock got pummelled down the company has a terrific track record the last quarter reported in late february was excellent. but do not take that let's talk to the ceo of workday for more about his company's business >> we are trying to come up with a new theory here. pretending it's thursday, because we're going to go back to the company that's wouldn't be hurt by china trade issue you had a spectacular quarter with amazing growth. give me impact of trade talks versus where your business is. >> you know, we don't have a presence in china. so as we think about our core market, multinationals across the globe. so i don't think we'll feel a direct impact from the trade talks. with the one caveat that some of our largest u.s. and european multinationals have exposure to china. and when times get tough, this end to slow some of the

investments. >> i'm glad you mentioned that one name you got, you have so many logos, cat perpillar is stl very involved with china they just joined you >> i hope. so great company they're very focused on an hr trance formation and being better place twoshg and more engaged with employees they were a perfect customer i have huge amount of respect for that company over many, many years. >> now, it is, you know, iconic american company why doesn't iconic american company have to turn to workday? you think they had things worked out. they didn't need you >> well, i think they were running our previous system from peoplesoft this ch is gowhich was good 20 ago. >> that was acquired by oracle >> yes >> as you know, technology moves rapidly. the shift to cloud has happened even faster than i thought it would happen and companies are em bratsing t embracing the cloud and there

are new vendors, salesforce, workday and service now and some of the others. zoom is another one of my companies. one of my favorite companies >> every one of the companies has been red hot all of them do praise you when i speak to them. so that's a great credit to what you've done. another county has wanted to praise you the president of bucknel said you don't know how good workday is when it comes to colleges my wife is on the board too. they can make the best possible decisions on everything from campaigns to budgets which i know they care about how did you get involved with this college method? boy, it's been great for you >> that's great to hear. we love bucknel. i really attribute what we're doing in higher education to my co-founder he has a lot of passion for the market he had peoplesoft. he had companies previous to peoplesoft and brought that passion to workday

we tailored our hr and financial products for higher education and more recently we're building a student system that manages the full student life cycle for higher education institutions. and we think it's actually underserved market that is very comfortable with new technology. it's been a great market for us. >> in terms of where your company is, we always talk about people and they say we'll get to 10 billion and you got there >> i set that internally >> people in workday, they talk about it to me you have sources everywhere, don't you? i think we can get there organically. >> do you? >> but i think we might do one or two more meaningful acquisitions like daptive. it has to be a perfect fit >> it helps so much. >> fantastic fantastic. first of all, stwartsit staerts grate team and leader. but that really rounded out our strategy for planning, execution, and analysis. we need strong planning engine

i can see a couple others, not many, that could help us but for the most part, i think you'll see us grow organically i think the markets were in hr, financials, analytics, planning is more than enough market to get us $10 billion number. >> it has to be more revenue per customer >> absolutely. buy more into our platform rather than just one product line >> now one last thing. i'm trying to figure it out what everybody is doing this is like i call that earn the right. everyone is doing socially talk about your mother and father and how important they are. but you have a foundation that is really extraordinary with fantastic people on it including steve young. tell us what they do >> right before we went public, i gave mark credit he said set up the 111 approach. put a bunch of stock in foundation before you go public and then we were planning to do. that mark was a great catalyst set up the foundation and the foundation includes steve young as on the board, steve young,

george tenant, former directsor of the cia, tony la russa and close friends in the san francisco business world and they helped us give away money to the right organizations that are generally helping people advance their careers whether it is underprivileged youth, whether it is the military folks getting back into the workforce, more recently it's been about moms re-engaging with the workforce so we really trying to help people that want to be in the workforce and maybe didn't have the right breaks up front. >> well, you're doing the right thing. you're a good son. how about that >> good parenting. >> all right the workday ceo and co-founder on his way to $10 billion. no end in spending still doing business despite what happened to the market. thank you. >> thanks to you what's a target date fund? what's a hedge fund? a mutual fund? an index fund? what should i ask my investment professional? how do i know if they're even legit? edgar? who's edgar? how do i read a 10-k? what about fees? what's an etf? 529 plan? 401(k)?

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tough day. we'll get through this together. like i said, always a bull market somewhere i'm jim cramer in san francisco. i will see you tomorrow!

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