eager promoter of the russia collusion fiction reporter greg price at the daily caller pointed this out in his twitter post this week, the company's going to start telling tech companies went to shut down they may start a home, that is it for us all be backeek with in-depth interviews with the wall street journal at large, thank you for joining us. >> "barron's roundtable" sponsored by invesco qqq. ♪. jack: welcome to "barron's roundtable" where we get behind the headlines and prepare you for the week ahead i am jack otter on how the pandemic nesting phenomenon helped her company and whether americans will continue the trend now that they're venturing out of their homes, later despite an increase in covid cases travel as picking up in the outlook for the industry and interesting stock

pick but we begin as always with what we think the three most important things investors ought to think about right now, all three major industries hit record highs the dow closing 35000 for the first time, another big week coming up for earnings tech giants are said to report the increase in covid delta variant could threaten the economic recovery and increase in vaccinations may keep fears at bay on the "barron's roundtable" ben levisohn, carleton english and jack hough, remember monday you and i talked and we thought the dow would be down without points, it was not in investors got their courage back and bid stocks up all the rest of the week. >> this is the first time since 1991 that the dow lost more than 2% on a monday and finished on all-time high on friday, completely wild on monday was blamed on covid but it has more to do with what was going on in the market itself they have been

going up recently but most of the stocks have not been going up it was a few of the big ones that have been doing it when you get the situation when there is fear building and people start selling, the market went from overbought to oversold and when the s&p 500 managed to hold the 50 day moving average is that the market up for a rebound. jack: when you look at this doc over the past year, it looks like investors are really happy and expected the great growth to continue but then you look at the bond market the yields fell dramatically on monday and they cracked up over the week but were seen the ten year 1.3 or just under which does not suggest that bond investors see great growth ahead. jack: not at all if we take the bond market face value it is saying that growth is slowing and inflation is getting dialed back. you can make the argument that that's was happening but there is other issues that perhaps

issuance of treasuries are not enough to keep up with demand and that is helping to drive prices higher and yields lower, it's going to be interesting to see what happens and if the market is sending a signal or if there is something else going on. jack: as you like to point out there is force the buyers and insurance companies have to buy bonsall demand will always be there next week eyes on the fed presumably, what do we expect any hint the bond buying which continues will slow down a little bit? >> i think the fed is talking about tapering is suggested it is i wouldn't suggest the fed to tell us that and push along the road to get everybody for the ray entry date as stops buying the bonds and i expected to be a nonevent i don't think powell wants to shake things up so i would not be surprised if we get a change of the language a little bit but otherwise it's met with a shrug.

jack: let's move on to earnings jack hough, twitter and snap at the end of the week with snap having incredible numbers up 25% twitter had good numbers, that was up also, is that an indicator would big tech reports that we will also see earnings. >> i expect full blown rapture i believe investors will have heavenly choirs of angels singing and in some industries, the growth will be quite good i'll run through things to watch for, tesla comes on monday look for any impacted china orders from software safety issues that you china could account for 40% of the company demand tuesday apple, microsoft enough about, apple more strong demand for. for alphabet the earnings are advertising strength to be strong on the reopening and watch for news on a 50 billion-dollar buyback

authorization of the company announced earlier this year see if they say how that monies being spent facebook advertising strength i think you will hear commentary on the q&a call about changes to apple's ios and what that is having on advertising but i don't think it'll be a big effect on earnings and thursday amazon, prime day was in the second quarter this year last year it was delayed to the fourth quarter that makes for an easy comparison and the company entered with a record backlog in the cloud business, that should be good that is also tech but you hear from boeing, starbucks, caterpillar, exxon mobil, by the end of the week will know how america's economic recovery is going. jack: people that cover the market will be tired we have to move on but one real quick if you're expecting rapture and we only get champagne and confetti, could that be bad news that maybe the market is into submitting too much good news. >> it would be bad news because

a comparison could hardly be easier for the second quarter it was a disaster last year, the comparisons were more difficult everybody expects us to be the peak for the growth rate, it better be good, i'm saying rapture plus, what's better than rapture, i'm predicting that. jack: not so rapture when it comes to covid the delta variant much more contagious and numbers have been going up dramatically, what does that mean for us? >> it has worries about the pace of economic recovery. maybe a little bit found in monday's trade but you also see decisions of businesses and cities have made apple delaying its return to work by a month in austin considering mask mandates for indoor use and all of those decisions can chip away at how willing people are to go on vacations and restaurants in the delis by their office and that can chip away at economic progress. jack: real quick can the vaccine

if more people get jobs can that help, it does work against delta? >> we are getting reports that question the efficacy against delta but still the numbers on preventing and infection are very high better than most flu vaccines but certainly were getting conflicting figures over 90% say the risk of hospitalizations or severe illness can be help by getting a vaccine. jack: it's important for people to remember if you're vaccinated that means less chance the virus can mutate and will get some other variant that is even worse. thank you very much for that. coming up americans spend a lot of money on their homes during the pandemic lockdown can retailers count on that to continue. laura albert joins us next. ♪

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usaa. what you're made of, we're made for. >> the pandemic force the u.s. not only to stay home but cook and eat at home to feel retailers benefited from williamson sonoma and as americans venture outside will the momentum for home stores continue joining me now williams-sonoma laura alber who is named as the top ceo for 2021, thank you for coming to the show, we appreciate it. >> they stand for having me. >> your momentum has been extraordinary so much so that goldman downgraded the stock and the annulus boiled down that they can't possibly keep on doing this will forever, as people may venture outside the kitchen, where you pick up the slack, weddings are from finally booming so maybe a lot of registry, what do you think over the next 12 months. >> we see a backdrop as people

hopefully continue to go back to being with each other in the holidays and back-to-school but beyond that our strategies have been driving our growth in the habit before the pandemic where you could see double-digit growth in the course during the pandemic you have to clarify your value because everything change so quickly, we saw that we had three key differentiators and those are internal design of our product which allows us to offer the customers that think they can't find elsewhere and also our digital first mindset so when our stores closed in things change we could shift product for consumers and most importantly our values we really made a decision to focus on our values, take care of her customers and make more progress in sustainability during the pandemic.

jack: i would love to eat hit each one of those things if we have time, let's start with the pacemaker one of the secret sauces of being a good specialty retailer is the idea that you have a better case than your customers we go to the store to see what should we buy and i have to tell you last night i found a new colander in the cabinet and the tag was still on it it was not just called the colander like a target. do you hire and have to keep on hiring new people as buyers, tell me about the process, how does williams-sonoma keep it fresh. >> our customers have great taste also i don't want to act like they don't they really know what they want we have an incredible design, they draw and paint and they use computer design and we have people and architects who know how to build furniture, that's a lot of different than a lot of people,

many craft shop of people putting together beautiful ideas and setting up concepts and lifestyle ideas and result in what you see in our stores and you may go in knowing a new tv stand and you buy yourself a new bed because you're so inspired and haven't we all learned our homes are the most important place that we have been this year end we want them to be beautiful and functional. jack: you also mentioned online sales, williams-sonoma was early in terms of an omni-channel retailer the catalog then you killed it on online and a lot of retailers were in big trouble, i think i read from an analyst 72% online sales heading to 80, tell us what that looks like over the coming years. >> we have always focused on direct-to-consumer before online was there we shipped catalogs to people and delivered to their homes and of course when the transition was made online we

knew how to shift we knew how to use the direct to consumer tools to give the customers what they want, of course as we look to the future this is where we see our growth we will continue to improve the tools online so you can decorate your whole home using these online design tools we purchased the company that has 3d capabilities and that's been a big driver of our success as well and you will continue to see us update and inspire most important they are customers online so they can make the shopping decision with real confidence. jack: is a 3d thing, can you take an item on your catalog and look at what it would look like in my kitchen. >> were working on that to make that easy and were enabling the consumer to do that themselves

but if you want to use our designer to do that. jack: you mentioned sustainability and no pottery barn kids says that stopping furniture from leaking chemicals and so forth, explain why that is important to you and your company. >> it's really important the air that we breathe and the stuff that's in her home customers care more and more about it, i am thrilled we've been added a long time and our senior associates care, mark shareholders care and that creates a virtuous cycle the better we do the more we can make progress in leading this area sustainability and you can see part of our families, customers really want to buy sustainable product. so we have really ambitious goals this year in the coming years to take this to another level and we did that to push ourselves, you will continue to push ourselves and the broader industry. jack: we are out of time, supply chain, is that getting better d.c. light at the end of the tunnel. >> there is always something,

there's always a new challenge and i think were able to handle some of these things better than most because of her skill and experience but you will always have these things that don't go perfectly and that's the way it goes. jack: thank you so much for coming on, we appreciate your insight. >> up next travel making a comeback but did the pandemic change some aspects of industry forever, how tripadvisor i ♪ limu emu & doug ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal! who's got the bird legs now?

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up all the travel stocks in anticipation of a great reopening and covid spiked it a lot got hit hard, who are the big winners and who are the losers. >> it's great to be back, the travel industry has got hit in the last month on covid concerns even with the market hitting new highs cruise lines are down 30%, airlines up around 20% and hotels 5 - 10% it's understandable that the cruise lines are down the most because the highly leveraged and travel more likely to avoid cruises because of covid concerns and other vacations. jack: too that logic the market is pricing in the nuances of who's doing worse and better is there any opportunity for investors to take advantage of the increase in leisure versus business. >> rethink hotel stocks in the leisure focus is probably well-positioned in the airline stocks like southwest which is

focused and maybe better playing. jack: in this week's magazine you may have an interesting story about tripadvisor which is the yelp of the business but you say an interesting new that might be investors to know about. >> tripadvisor is a dominant provider of online travel and monetizing its enormous traffic to its website is difficult some investors are starting to get excited about a service call tripadvisor plus which offers discounts on hotels and other vacations savings and it cost $99 a year end tripadvisor says users can save $300 or more on the first trip making a good deal, it's early with the service launching a month ago but it proves to be generating millions of subscribers and stop to be a lot higher another way liberty advisor which is

stationed in creates a discount with the value of tripadvisor to stay. jack: it's really interesting how we talk about subscription services on the show and another opportunity to play that, sorry i interrupted you, go ahead. >> andrew you said tripadvisor is reducing its reliance on hotels to focus on difficult experience i'm a millennial and i hear about experiences but i don't know what the experience is, tell us what they are doing here. >> experience need vacation activity like museums, vote tours and helicopters, essentially tripadvisor is trying to leverage the online travel to get you to book their vacation activity on the website so i can generate commission revenues from that it's a natural fit for tripadvisor and it is getting traction. >> i feel like i'm running experience vacation right now just having me on the show but

this tripadvisor is a small, i thought you were big company will this be blocked by larger collection of digital services? >> it could be tripadvisor is a bite-size strategic asset with the market value of 5 billion it could appeal to a number of companies including expedia, booking and even amazon.com or airbnb. >> would they be given permission which companies might run into trouble in which companies might be allowed. >> booking expedia would be the most antitrust issue and is possible amazon or airbnb would have less but the antitrust environment particular for a high-profile travel deal, i think that's not a high likelihood but certainly possible. jack: you're like an encyclopedia of the stock market it's always awesome to have you on. thank you we will have you back on soon. up next round

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jack: i don't know if you like those people who looked so happy and can the hard seltzer tossing the cans but as a financial reporter you been on the hard seltzer beat. >> i have the same abs but i'm not a hard seltzer the beer crash 26% on friday it makes most of its money not from beer despite the name and overestimated the demand for the truly hard seltzer the game is getting crowded the new brand natural light sour seltzer, that's gordon ramsay and past

blue-ribbon t seltzer all buy you those whom we get back to the office boston beer during innovating of its own it launched extra hard seltzer and the alcohol level goes from 5% up to 8% and that never worked out well in college but will see credit suites remain bullish on the stock, some of the weaker seltzer players are going to get shaken out i wonder what happens will be go back to bars and i'm trying to picture you same barkeeper give me a natural light sour seltzer and make it a razzle-dazzle blue raspberry. jack: i love that ppr brand, let's move on to actionable ideas all start with you carlton. >> mine is to read the columnist week i took a look at regional banks and mentee bank will require people's united and 3.3%. jack: a lot better than a cd. >> i'm looking at aluminum cans 14% this year morgan stanley had

a significant shortage of cans and it looks like a good chance to pick up a solid company to reduce price. jack: it can shortage, thank you for grabbing that, carlton and jack great ideas. check out this edition of barron's.com don't forget to barron's.com don't forget to follow us on ... [female whispering] supernatural, supernatural, supernatural. female: i had nothing but a little jar of oil, but god used it to save my sons from being sold into slavery. elisha told me to borrow as many pots as i could and to pour the oil from my little jar into the big pots. the proceeds from the oil saved my sons from slavery. god is supernatural. male announcer: coming up next on "leading the way."