of etsy.ign realsly designed for that shoulder tap to show you all this great merchandise and all these great opportunities when you could be and should be shopping >> how many people do you think are coming back from the site before you is a little clutsy. now it's well-organized. particularly around the big seasonal events where we're sick and tired of going the mall and buying things that everyone knows. >> the ability to shop from an actual human and interact and get that handwritten note is a huge part of what's driving etsy we stand for something different. in a world where everything is becoming more and more commoditized, itsy is where you go for something special and something different. we think that means more today than it ever has >> how many of your customers are small businesses like my wife who couldn't figure out how to make her restaurant look different than everybody else. i got to go on etsy to find things. >> it's a great question we have over 40 million buyer just in the

you guys cover amazon, ebay and etsy but not shopify why not?lly do cover shopify it's our software analyze covers it, because it's more of a sass model versus a real transactional model, the other companies i personally cover are. >> i want to ask you about some of the trends that are affecting shopify, which is up considerably this morning. and also affecting the companies that you do cover. mainly giving merchants who aren't amazon more autonomy but also trying to give them the kind of logistics-led flexibility that amazon offers third parties. how important is that, the autonomy plus that capability to all of the players going forward who aren't amazon? >> look, we are seeing massive growth in e-commerce you and i talked about it before, affected by the number of store closures at retail. obviously that puts a lot of pressure on logistics networks when you look at the level of investment traditional networks have been making in their infrastructure, it's not enough to be able to handle the load of 20% growth on shipment volumes from amazon,

etsy append square, i know you long on etsy, doing quite well, better than expected earnings.my when it comes to revenue and earnings. you had a lot of analysts weighing in saying they believe the stock is going to climb higher. deutsche bank seeing a $65 price target. right now it's at $58. we are talking about square, that's the payment company, jack dorsey is the founder of that, their earnings also stellar. you have price targets for them, upgraded to 90 bucks a share. needham, $105. a lot of that has to do with the cash app that's doing really well. i want to end on this. made up anacronym, the stocks should you stay at home because you don't want to come in contact with anyone. netflix, peloton, which is down today but has been doing well over the past 48 hours, because analysts are -- believe that people will stay at home and work out, stay home and order food, stay home and watch netflix because they are scared they are going to catch something. i threw in the n.a.p. add zoom media in there as well. charles: we will try to get that as well known as some of the more wel

stages for what happens in the future with technology >> true that guidance better than expected at etsy that does not hurt thank you, dom chu time for a news update sue herera has that for us at headquarters >>> more congressional reaction to the virus here's what's happening at this hour senate majority leader mitch mcconnell saying he expects the senate will work hard to approve funding to fight the spread of the coronavirus. >> i have faith that we'll consider the right sum to appropriate at this time to ensure our nation's needs are fully funded i hope they can work expeditiously so the full senate would be able to take up the legislation in the next two weeks. >>> saudi arabia halting travel to the holiest sites in islam over the fears of the coronavirus. that covers mecca and medina and could disrupt pilgrimage fans of millions later in the year >>> steven seagal is seen here with president putin of russia he's agreeing to pay $314,000 to the s.e.c. after being charged with unlawfully touting a new cryptocurrency offering. segal failed to disclose that he was promised a million do

this is why i also love etsy.s man dark vader, but that i can appreciate. >>> also brilliant, 14-month-old august seeing snow for the first time in the deep south, north carolina, winston-salem. while i was on a combat patrol my c in baqubah, iraq,nned out. a rocket-propelled grenade took my arm off at the shoulder. when i came home, i felt alone. my family was around me, but i couldn't talk to them about what i'd seen and what i'd done. i remember just thinking, man, the way i am right now, i don't want to live. i was discharged from the army, and i've been working with the wounded warrior project since 2007. warriors don't have to be severely wounded to be with the wounded warrior project. we do have a lot of guys that have post-traumatic stress disorder. being able to share your story, i guess it kind of helps you wrap your mind around what did happen over there. just because you've left the military doesn't mean youheuys are coming home, i'm kind of leading and training them, instead of for combat, i'm leading

qvc, etsy. hot topic. no elections on sale there. i even tried that amazon. yeah. got lost in the rain forest cafe. great beef nachos. you have got to wonder how they get that cow to the top of the volcano. text joe to joe versus the val ka --volcano. greg: then there waist was amy. the gunfight at the glee club. >> you have not went in arena doing that work. you memorize a bunch of talking points. greg: oh, wow. mayor pete is that annoying guy on trivia night hop tells everyone his i.q. but he still lose. then bernie. when a capitalist and socialist are on the same stage and the capitallive gets thrown under it. isn't that what socialism is? it's not about spreading wealth, but by spreading envy of which bernie has an endless supply. but bernie won the debate because everybody went for the billionaire. bernie is the scrawniest ching in the bucket. everyone gets eaten before him. i-think it's fowl. don't clap for that. that's terrible. so the debate became a life boat that's seats only five but 60s wante --but six wanted in. bloomberg was the on successful business

football leagues and among them were emails which for instance detailed that the sponsorship deal with etsy had. ways of $67000000.00 pounds per year ok actually $57000000.00 of that was being paid by shaikh mungo himself his company so there was already a little bit of it all came out in these these e-mails that were leaked exactly and so but city have really been flouting these rules since the beginning in 20122013 they exceeded the permitted losses now 45000000 pounds is permitted over 2 seasons they posted losses of 180000000 losses in that period they will find out the time and had some squad restrictions in european competitions but it was a fairly lenient settlement this is a lot what surprises you more here that the manchester city was caught so mean you you said this evidence was out there in emails or that you waif actually implemented these rules and they did so in a strict way well it's actually. surprising that your wife of acted the way they have i for one think that in many cases your wife or have been very hesitant if we talk about racism in football tackling that transfer b

shares of etsy soaring after reporting better than expected fourth quarter results expecting growth ofo 37% this year. boxes fourth quarter earnings as larger companies signed up for its products it bets on higher demand for cloud software that let customers store and manage content. companies around the world continue to respond. >> so bio tech giant gilead working on clinical trials of the virus. shares of gilead are up pre-market about 6.2%. also watching shares of microsoft. warning warning its stock price is down about 1.86%. and inbev anticipating a decline after a weaker than expected finish to 2019 as the world's largest beer maker to weigh on earnings the outbreak knocked up to $258 million off earnings shares now down more than 6% pre-market back to you. >> thank you, let's check on gold prices today. they are fractionally higher snapping a losing streak as the spread of the virus outside of china is stoking demand for goal we'll go to our guest. joe, this is pretty amazing. the run that gold has been on and coronavirus is the latest catalyst for the buying. >> market risk an

man cave independent creators christie they're even doing things like pizza and beer you get him on etsy maybe what both of those and you can smell like a a bar of some sort and of course we all remember gladys paltrow founder and creator of goo valued at over a $1000000000.00 company then she create a candle recently that smelled like her favorite part yeah she did and that's that's that's an oddly scented candle that's for sure always making your your entire poem not like a fast food drive that's for sure that the for this time you think of boom bust on demand on the brand new portable t.v. app available on smartphones they do the play and the apple apps are by special live on t.v. or famous your t.v. by downloading the point you have on apple t.v. and online at marvel dot part of a t.v. will be available online devices. or as always you can check us out at youtube dot com slash boom bust r.t. next time. i 1st heard about wiki leaks. from the helicopter footage in iraq. i think that down to the people who knew the u.s. military who have never forgiven him for it this guy's a traitor an

a man cave independent creators christie they're even doing things like pizza and beer get him on etsy maybe what both of those and you can smell like a bar of some sort. and of course we all remember gratis paltrow founder and creator of who valued at over a $1000000000.00 company didn't you create a candle recently that smelled like her baby parts. as she did and that's that's that's an oddly scented candle that's for sure i was making your entire poem smell like a fast food drive that's for sure that that by this time you think i'd boom bust on the man on the brand new portable t.v. app available google play and the apple app store by searching part well t.v. or stream us to your t.v. by downloading the portable t.v. app on apple t.v. and online at www dot tv portable t.v. will be available on more devices very soon or as always you can check us out at youtube dot com slash boom bust r.t. see you next time. kind of good intentions which i think. you see 40 years ago. simply. didn't see any pleasure. i 1st heard about wiki leaks. from the helicopter footage in iraq. i think the downe

a man cave independent creators christie they're even doing things like pizza and beer get him on etsy maybe what both of those and you can smell like a bar of some sort and of course we all remember when a founder and creator of who valued at over a $1000000000.00 company didn't you create a candle recently that smelled like her favorite parts yeah as she did and that's that's that's an oddly scented candle that's for sure i was making your entire poem smell like a fast food drive that's for sure that's it for this time in the must on the man on the brand new portable t.v. app available on smartphones the. play and the. t.v. or stream us to your t.v. by downline apart what's with the app on apple t.v. and online t.v. t.v. will be available on my devices very soon or as always you can check it out at youtube dot com. that used to. been a troubled 19 seventies a group of killers rampage through an island that was coordinated loyalists attacks population. were forced to flee their homes and what was striking to put these attacks was a p.r. you see the police actually took part in the att

hearing from traders is that usually this market structure will make it profitable to store crude etsy just door crude at sea, but right now it is so small it is not enabling them to cover costs. if this does deepen, we will see more floating storage. vonnie: jessica, great chart. guy, you're up. guy: let's talk about payrolls, phillips curve, inflation. the markets are not ready for inflation -- you can understand why. take a look at the preferred measure of inflation that is used by the fed. that is pce. that is the yellow line. it is down at 1.6 cents. through,ee wage growth and we are seeing a strong employment picture. at some point you could argue the phillips curve will come off its deathbed and start to revive itself and start to generate headline inflation, because other measures of inflation at the moment are pointing to a stronger story. they are not massively stronger, but at least there is an upward trajectory, particularly when it comes to cpi in the united states, which we are starting to pick up. the other one i was think about paying attention to his u.s. cpi. this is

it looks more like a homemade christmas ornament on etsy.hat charming little bauble is trying to kill us. one person who is not concerned about the coronavirus is recent presidential winner of the medal of freedom, rush limbaugh. >> the coronavirus is being weaponized to bring down donald trump. i want to tell you the truth about the coronavirus. you think i'm missing it. yeah, i'm dead right on this. the coronavirus is the common cold. >> jimmy: what? oh, that's great news. just chug an a little bit of robitussin, and you'll be fine. it doesn't seem like a cold in china where health officials and police are working around the clock to try to contain it. this is a real coronavirus drill from [ laughter ] >> jimmy: you know what? when the s.w.a.t. team can't get the job done, send in the guy with the pool skimmer. how does, it's not even -- [ applause ] i think i know why it as starting to spread. and while there may not be a vaccine for the coronavirus, disgrac disgraced televangelist jim baker has a cure. >> this that is circling the globe,

. >> we had etsy on yesterday and they said we've been doing stuff for the environment and it turns outrrative, though, is that when you try to do sustainable investing it generally goes like this, it's noble but at the end of the day the returns aren't that good. that's wrong, isn't it >> inconsistent with our investment thesis. we think in a world increasingly defined by climate change we're going to make better risk adjust returns investing on the climate change line. seven years into it as a public company we're doing a good job of proving that. >> now, dynamic pipeline, behind the meter, grid connected, sustainable infrastructure, can you give us some samples of all those? >> sure, first, let's say we're the first public company to invest solely in climate change solutions, and for us that means it reduces carbon, or it makes communities more resilient. >> right. >> so in that context things that reduce carbon, energy efficiency, wind, solar. things that make communities more resilient, storm water remediation, vacuuming water when you have storms. >> you're the man i need to ask t

some of the stocks including roku you could argue etsy, people thought, well, sonos, they can't win ion't know you don't necessarily look at sonos. but they can't win because netflix and amazon is dominant, facebook is dominant we were just talking about pinterest. what is your assessment on them being able to find their niches, expand outside of them and that investors should be paying closer attention to those in 2020 >> well, let's see i want to be careful here. some of these markets are big enough that you can have one, two, three big winners in a space. streaming, i think disney, look at the phenomenal success disney had out of the gate. that's in part because netflix has paved this market. there is room in this market for two or three major global streaming providers. netflix will be one of those but there's room for disney and they're proving it you mentioned aws. this market is big enough and maybe only single-digit percent e penetrated, that's the percentage of enterprise databases in the cloud, that means there's plenty of growth in scale for aws and azure the question is if

players, and i think it's fair to call pinterest that on a good day, your pinterests, your snaps, roku, etsyhow big is the market for these guys? is it going to be a scale game in that market where they eventually get choked off or is it one of those best of breed story where is they can get a nice profitable niche, more apple-like, right, in a premium market and do well >> i think with pinterest in particular, you know, you look at what linkedin did, established the base around professional users and job seekers and have kind of taken that and generate the revenue. i think pinterest with e-commerce and shopping is trying to be that solution where people go to pinterest as the search engine for shopping and could potentially generate revenue from that. >> we'll see more implementation of a.r it came up in pinterest last night. >> this week they announced you can kind of test beauty and makeup products on there using virtual reality, where you can see what it looks like on you. they're introducing that and technology they can use for that as well. >> 40% year to date would make it the best s&

and etsy has different rules for the types of products you're allowed to sell on their site. the same is true of ebay, airbnb has rules on how you're supposed to list content on their site for the rental of your property. so all of these, all of these things are kind of starting to become obvious to us now, i would say since 2016 there's kind of been a sea change in people understanding that private platforms are working kind of round the clock and constantly to take down or keep up content posted by their users. that's part of what you would kind of think is the community they're trying to build or the product they're trying to sell. and so content moderation is really -- and the rules around content moderation are really kind of as much about the product of any given company now or any given platform as they are about a certain type of user's right to speech. those are the competing ideals that this idea has grown up under. and i think that the best way to kind of explain content moderation is that it happened and i think everyone here can kind of attest, it happened for a

this is from one light year from etsy you give them the time, and the date >> what is - >> this is -->> and you put the title, love, set, match, savannah and roger here's where you got engaged that's what the stars looked like when you got engaged. >> that's cute >> brilliant >> these are sent to you as digital downloads. you can take them to kinko's >> you have to print them yourself >> you don't have to to make the time, you'll want to do that. it is so easy. >> we're moving. >> put the seat belt on. >> we're walking >> the next one, it's two women. and they started this as a hobby. it's a big thing now >> we have to move it's called fancy your fanny.com. and so, they're boxers you put your face on them. >> stop it >> they do all of the work for you. >> my gosh >> my gosh >> these are for mike. not roger. just checking. >> wait. my god >> this is -- sorry. >> siri on your boxers >> they do all of the work for you. place it super easy $28.99 >> we're trading over here >> these are for your best friend, your daughter. this sweatshirt and the little pants set. >> i love that >> this in

and one bright spot is etsy. that stock beat on earnings and revenue. it gave strong guidance for 2020 saying it could see revenue grow 27% to 30% and i would imagine one of those internet stocks, it doesn't get as affected by declining consumer sentiment if you can buy online. >> you don't have to go to the store. the only store i would go to, cost co because you could buy in bulk and i own the stock, yes, in full disclosure. >> coming up, we're going to talk more about recent ipos with our "closing bell" closer. we'll talk about whether we could see a drop in ipos this year because of the threat of coronavirus and the fear in the markets. >> the dow falling into correction territory during the session, down more than 2,500 points this week it was down some 960 at the lows of today's session, currently down 721 let's bring in global equities portfolio manager at newton management paul, good to see you, thanks for joining us >> good to see you. >> what are you thinking in terms of the likely impact to global growth, and particularly china from the coron

. >> thank you trade desk work at home etsy one of the most remote players in the world and workday savesi think these are worth listening to >> great guests. >> thank you they may even be worth buying some of the stocks look, it is not the end of the world. i had the chickenpox by the way, 104 degrees. but i never missed a day of school not one. >> chickenpox -- >> that is not the point i'm saying everybody got it. >> yeah. but it didn't kill anybody >> yeah. that caveat. great. this one doesn't kill younger people to any great extent >> see you tonight "mad money o" at 6:00. dow down 500 as the worst week thgrt naiacrisl is continues. we see heating breakthroughs clearing the air for billions. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. robinwithout the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. with a nation-leading $150 billion commitment to infrastru

so i don't know there you sell etsy, buy and make at home, all remote, but futures will sell them because we are decoupling from what the market has been like for a long time, and we're going back to the market that i remember at glakz which is there are certain stocks that make sense but all taken down by the futures, trade deficits such a good number last night individual stocks is what i do for a living and these companies are not saying we want more coronavirus. no one is really in favor of it. >> you did the old wewag when i was at goldman sachs. just a little levity here. >> i had hair. >> the old wiwag many say it's appropriate to have a ten-year yield that is 1.193, it is still stunning to watch. >> it is >> by the way the credit markets were, you always want to take a look i'm hearing nothing of any great significance choppy in terms of buying and selling perhaps, but new issuance is fine this is just not an issue yet. >> i'm not hearing that at all >> wait, you're hearing it is an issue? >> yes >> oh, i'm not >> oil and gas >> all right separate >> separate. >> highly leveraged