historically that's cheap for williams sonoma. i worry about housing after the homes figure we got despite what home depot said. i worry specifically about williams sonoma. why? despite the success they are a mall-based retailer. when you know the traffic to the shopping malls has been in free fall i'm not ready to say the mall is dead. it is on life support. second, tonight, wow, homes figure we got despite what home depot said. i worry specifically about williams sonoma. why? despite the success they are a mall-based retailer. when you know the traffic to the shopping malls has been in free fall i'm not ready to say the mall is dead. it is on life support. second, tonight, wow, restoration hardware. another high end provider of home furnishings preannounced a huge earnings miss. they are not analogous but there is enough overlap to make me concerned there will be a spill over. let me give you the bottom line. williams sonoma has gone from a dynamo in home furnishings that was a sure fire way to play the housing market rebound to

sure, williams sonoma could make a comeback. i wouldn't touch it until it if you're looking for a play on housing stick with home depot. much more ahead including i'm talking to the king of the cloud. salesforce. and will apple stock feel a bite from the fbi in the political candidates calling for a boycott? find out what i think is in store for the stock. and your calls rapid fire in tonight's edition of the lightning round. and created degree with motionsense. the world's first antiperspirant activated by movement, it has unique microcapsules that break with friction to release bursts of freshness all day. keeping you fresher with every move. motionsense. protection to keep you moving. degree. it won't let you down. seems like we've hit a road block. that reminds me... anyone have occasional constipation, diarrhea... ...gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against occasional digestive issues. with three types of good bacteria. live the regular life. phillips'. that's a lot of dishe

all week i've been highlighting similar stories, williams sonoma, gap stores, lionsgate. what i don't want to see you do is invest your money into one favorite stock to see it fall dramatically. you want to protect yourself across industries, even geographies. so call me or tweet me avmt jimcramer, tell me your top five holdings, i'll tell you if you're diversified or you need to spread the love in different sectors. this tweet says novo north is, buy you nvidia and viacom industries. the one i'm worried about, because you're going to say, wait a second, that's two not close, is the -- two chinese companies, bidu and netti's. i can't have that. i don't want any chinese companies. if isle give you saleforce.com. semiis conductor, and that's good, but i want those changes and done now. we're not going to own chinese stocks. that's it, end of story. that's how i feel about fossil fuels. don in california? >> caller: good morning, jim. >> don, how are you? >> caller: my five stocks are ni nike, footlocker, twitter, microsoft and t mobile. >> hmm. all right. i'm off to the rac

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william sonoma cut their guidance. some of the other names are highly suspect at this point. if a high end consumer has rolled over so to speak is every other consumer next? >> well i'm not so sure it's rolled over. it may have rolled over in terms of goods like that that you're seeing in merchants like ralph lauren and so forth but it hasn't in terms of experiences and in terms of autos. so we can argue all day about whether autos are falsely inflated but the facts are the auto numbers are extremely strong. so i just think it's a transition from buying goods to experiences and, you know, also saving and yes, i mean, i wouldn't -- i don't buy restoration hardwares excuse that it's the market. they had issues before. they just went through a restructuring. >> maybe they're telling us what we started to suspect. that the problem in the stock market is hurting the overall economy or it will have a bigger impact and especially at the high end and make the argument much more exposed to the stock market and you're starting to see that show up. >> it's a whole confidence issue. it's

someone pays for and god bless them and that's nice at night a friend who's an executive, put out a williams-sonomagift certificate along with a catalog. he does that his way but it's now up to him to choose the gift for himself were a used to be part of the giftgiving experience was if someone knew you well enough or have paid enough attention to you is they could give you the perfect gift for you, maybe even something you have not thought of for yourself. one other benefit for the vendor is that 27% or so of gift certificates are never redeemed. a wonderful business. you are essentially getting free money. who doesn't like that? i will conclude with one final point about shadow work. the last chapter of my book is called the twilight of leaders. it has to do with the erosion of leaders. a grain of sand at a time, little by little, our unorganized time and that what leisure is. unorganized and that's the way it has to be. once it's organized it's no longer pure leisure anymore, turning into something else. but that are no lobbies in washington for leisure, no lobbies that are pushing to keep free

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. >> judd want to point out williams sonoma also falling in simply.g as well, down about 8.5%. >>> thank you. mike, what do you think? >> the response is what you feared a bit, some kind of feed-through. >> but it's very interesting, when you see home depot and lowe's, people investing in their homes that way, but not necessarily on the furnishings side. >> i also wonder if people will use this, ko many bien it with nordstrom's results and say there is a clear pivot from the luxury side of the things to more of the down market. >> a very discretionary type of product. >> you think a $7,000 sofa is discretionary? >> exactly, or some 800-pound armoire that you might have to have. so also, this has been kind of a battleground stock. for a while it was a revival story. >> that's true. >>> coming up, we'll keep an eye on both these names for you. but hospital mogul tillman furtida will join us, and his new cnbc is show. >>> but first famed film director and producer chris columbus is here, the man behind films, tells us how streaming video is changing the

you can look at companies like williams-sonoma, restoration hardware. 50% of their business is alreadynline. for the analysts, all you have to do is take one thing. look at goldman sachs. last week, they upgraded wayfair. if you take the internet coverage universe, over the past three years, the average stock is down 50%. out of 40 stocks that they covered, from they hard target data initiation, out of 40, how many are higher? zero. it's an amazing record. my five-year-old can do a better job taking stocks than these internet analysts. we did reach out to wayfair to see what they thought about your argument. they said no comment. bloomberg did talk to the ceo in november of that whitney tilson's comments. here is what he had to say. >> there is no question mr. tilson is bearish on our business, he is shorting it and is saying whatever to drive the stock down. shorts, it at his tends to be companies that are disruptive, doing things in a nontraditional way. comparisons to the traditional model do not always hold from where they sit. promise touge product safety. alix: so what do you thi

and you could argue win did a very negative piece about william sonoma. go over the tjx call, home goods is on fire. home goods is where i like to go. my wife is cheap as all get out. and it's amazing. why should we spend when we can go to home goods and buy stuff for the turkey, like the table and stuff. >> on all of this today, bullard was on "squawk." he spoke last night but talked this morning about the risk of recession. take a listen. >> no, i don't think the probabilities are particularly high right now. of course you always face risk and we are at a lower trend growth rate. so you could always argue that there might be a higher probability of recession because your trend growth rate is lower than it was historically in the u.s. >> on rates he said the forecast in his words makes it seem like the fed's on a freight train path when it shouldn't be. right? >> this is a guy was calling for rate increase last year. then when he saw the slowdown, he changed his mind. that's like the john maynard kings that you really want. when the facts change, he chan

this warm weather in sonoma is going to wake my hibernating turtle william before his alarm goes off. you and all mother nature. i'm trying to line up and allergy doctor to talk about everything blooming so soon and everything. today 74 for santa rosa, about the 3:00 hour, somewhere in there. san josi, record low of 26 on this date in 1897. just a little patchy fog and no change in the forecast. 40s and 50s up and over, lots of sun. it's a dry pattern with a cooldown on friday. today and tomorrow it's all act sunshine and warmer temps. sal? getting coffee? keep going. maybe we'll go back to the desk. >> thank you. we'll get back to sal in a moment. >>> a criminal investigation is underway in the north bay after a horse and dog died and poisoned cookies were found nearby. cookies laced with poisonous oleander were found in a rural part of the unincorporated county. there is one case of intentional poisoning now, but people in the area say more livestock including a llama turned up either dead or sick. they believe it could all be connected. >> i'm hearing of more and more cases now tha