you don't just -- you don't pick them up at the short hills mall williams sonoma. >> you buy furniturerom brands you trust. we are selling a lot online and selling a lot in stores. >> how about 3d and west elm now. i want to be able to visualize everything a few years ago you told us that you were going to get to great 3d are you now satisfied what you have we will never be dissatisfied because you can always do better we meat great progress in inspiring our customer online so they are not seeing a single product image with type but see that product and see it in other people's home through ugc and see it meoving and video and 3d in their own homes and it's coming together so you can make a better decision. >> people decided not to spend money going out and blowing money on vacation. we can't any way what they are doing, though, is buying higher quality even more expensive stuff. are you a beneficiary of the stay-at-home people who can't go out and waste a lot of money on a good dinner? >> well, it's definitely, you know, true that people are spending more time in their home and, there

back to williams-sonoma, 24.2 overall.xpectation was 10.2 growth margins were up 410 basis points whatever you go to them to buy -- and we have talked about that on the show, but that's a fun nugget for somebody else this is not an expensive stock if you look where a lot of these trades go, with home improvements and equity, i would not be selling this one yet. >> are you willing that there are only so many fur throws you can buy and pots and pans. >> i see what you are doing, melissa. i am not going down that road. >> people only need one set of pots and pans for years if they take care of them. >> lock at their operating margins 15.7%. last year was 7.5% why is it important? you have tremendous sales growth and that will lead to better margins. if we had access to the cranberry song linger, which we don't and i won't sing it, i could tie this whole thing together but what i will say is this a stock that analysts will have to look at again and rerate it and i can almost guarantee that over the next couple days you will se

williams sonoma says revenues rose 22% compared to this time last year as people took up cooking as aby perhaps. speaking of food, this came up on my iphone. it's kari and me back at the safeway when you could walk around without a mask. we were taking part in the annual food drive for bay area food banks stopping shoppers, asking them for a donation. we've been doing this for years. we tried to find some video of me doing this and were able to find six seconds of me. if i talk long enough you'll see this video loop, sure enough. we have six seconds. oodles of video of kris sanchez and the same for mike inouye. my favorite part the food drive which you took part in, too, and i know there's lots of video for you. johnson and johnson, the safeway i was working at, and handed over an envelope -- i mean a thick envelope full of cash they had raised at johnson and johnson. hand it had over as their donation. i'm sure they're doing it again this year. you have to do it yourself. you've been telling folks we're still doing this. you have to go to the safeway yourself. hand the ticket to the

in terms of bed bad, williams-sonoma and at home, i don't really have a major problem with the sell-off major covid-19 beneficiaries, and i then when we get back to normal, it would take the bloom off the rose the rh, i'm okay with that >> how do you think about post-pandemic? do we go back to the way they were, and people aren't nesting, and not buying cast iron skillets and new sofas >> that's a great question i'm not a epidemiologist, and i don't play one on tv, but i do see a return to more normalcy, people spenlding more time out of the home, sporting events, movie theaters, traveling more first that will divert the discretionary spend currently being spent in the home. also, if you're not spending as much time in the home, you don't necessarily notice, we probably should redo the floors or replace or furniture it remains to be seen how long it will take to play out, but certainly a return to normalcy, i think to some extend there's a any fife for these no question about that >> anthony, thanks for joining us you understand the correlations from your sector for lower interest rates

look at the gains, 16% to 20% and williams sonoma and dollar tree both reporting earnings beats.dstrom's has had a monster month. one to watch despite all of this, consumer confidence is flagging just a matter of time before i spills over into the market? we'll talk about all of that next on "the exchange. ncing) at least geico makes it easy to bundle our renters and car insurance. yeah, helping us save us even more... for bundling made easy, go to geico.com >>> welcome back well, the dow is reaching above 30,000 today consumer confidence is back to its lost levels since august the consumer can have against index for november clocked in below economist expectations and the conference board is warning that consumers are less optimistic about the short-term outlook now. is there something that stocks are missing? let's bring in the ceo and president of the conference board and a cnbc contributor steve, it's a pretty remarkable -- i mean, usually stocks and this index move hand in hand, but they have become detached the last month or so. >> well, they have, kelly, and, you know, sep

home depot, lowe's and williams-sonoma offer similar services. >>> next high-tech security help for therobot dogs are now helping a base in florida controlled from remote locates while they patrol strategic areas of tyndall air force base. >> a camera on the dog allows operators to see what's happening and a speaker lets the controller talk to any intruders. >>> next a racy like has the vatican claiming that the pope's instagram account has been hacked. >> the pope's account liked a picture of a scantily dressed brazilian model and the vatican is asking instagram how this could have happened. >> meanwhile the model's managers are celebrating the holy publicity. >>> and finally, happy anniversary to queen elizabeth and prince philip. >> they were married 73 years ago today. a photo of the happy couple was just released showing them reading a card from their great grandkids. >> the queen is 94. philip is 99. the kids haven't been able to see their grandparents. >> two more years, that diamond anniversary. >> that's right. we'll check the top headlines next. if your dry eye symptoms keep c

i think you are getting in the deep end of the pool with like the william sonoma dollar general, i don't think you have a problem with it moving forward >> i got an e-mail that said it was braising season. dan, i will go to you. the cat is gone, maybe i won't go to you. go ahead >> this is the mise of jc penney when they were going to redo their stories eight or nine years ago. the ka is rigcat is right next . i put a bearish trade on last week i think you will see amazingly promotional activity over the next month or month and a half we do not have that stimulus we know that ups and fedex has already told us they are going to raise prices on shipping. i think you will see a constrained consumer and extensive costs for retailers. >>> for more catch cramer's exclusive interview with the ulta ceo chipotle is opening their first ever digital restaurant. but they don't want you to eat there. omarngat can investors expect fr enis from disney tomorrow ♪ ♪ ♪ 5g... just got real. ♪ iphone 12 pro max and iphone 12 mini are here on verizon 5g. the iphone is mini, but the 5g is huge! with the cover

the price action in restoration hardware, william sonoma and we don't need to go down the road of what they sell. those stocks popped out a couple of weeks ago that's concerning. do you want to play at the $100 earnings table, gap earnings on the 24th and macy's tomorrow i would submit that macy's could trade up to the june high. squeeze out all of the shorts and then you sell again. >> karen, what do you make of the retail t.j., the home goods business makes complete sense of people spending on throw pillows and if you are blankets, but the dividend is really interesting >> it is interesting to me guy just talked about macy's they don't have the balance sheet to reinstate the dividend. but we have seen it a couple of times. t.j. maxx, it was home goods that drove it. they are talking about reinstating the dividend and increasing it i believe in march of next year i don't get why companies feel they need to do that maybe they want to flex their balance sheet and show how strong it is i don't get it i don't feel like we are through this pandemic. we saw kohl's do it. target did it. they

william sonoma is selling the cookies.round comes from a vanilla filling and out of this world price tag nearly $50 for a dozen. that's more than $4 each. eat it slowly. >> whoa. baby yoda cashing in. >> why create something so cute if you're not going to cash in. >> absolutely. >> speaking of cute -- >> all right. >> hey. >> thank you. i love that. we're cashing in on the nice weather now as we approach thanksgiving. here is a look at overnight conditions. we see a few clouds around. there may be spotty drizzle. but afternoon we'll be looking at sunny skies tomorrow with temperatures at the mid 50s to the coast and up to about 61. here is the seven-day forecast. friday, saturday, and sunday mornings will be chilly and the afternoons will be nice and mild and we have a string of sunny days going into the middle of next week. looking pretty good. pretty good. >> lovely. all right. thank you, spencer. >>> bringing a little christmas cheer and for some, it's much needed. that's why the christmas spirit is coming earlier than

. >> i am actually webster with today's fox business brief williams-sonoma, the height and cookware stockinto the closing after posting a digital sales jumped 49%, the company ceo saying the holiday season is off to a strong start across all of its brands, the stock up 5%. disney may be bringing more of its movies including live action remake of pinocchio directly to the streaming platform, disney has been refocusing its attention on direct to consumer options as the pandemic continues to wreak havoc on movie theaters. rising coping cases forcing more cruise cancellations, the princess cruise, and seaborne lines suspended until 2021 comic-con divorce and it needs more time to meet the cdc requirements. the stock done almost 5%. coming up next carrillo tour steve perillo on how he plans to navigate the ongoing travel draft into the new year, "the claman countdown" is coming right back. ♪ for smarter trading decisions. fidelity. damom, look!get sare you okay?? head home this holiday with the one you love. visit your local mercedes-benz dealer today for exceptional lease and financing offers

that's why restoration hardware is doing so well, way fair is doing so well, williams sonoma is doing, herman miller is doing so well this is happening in front of us people are trredoing their kitchens, remodeling and you cannot get a refrigerator. you have to try to find a refrigerator this is an incredible time the demand for anything that goes into a kitchen for remodeling, forget it, just wait you can't get the products that you want the jacked up prices are ridiculous there. >> yeah, though -- >> i'll tell you what, jim, you talk about there being no experiential economy and you're right. when it does come, though, it is going to be a massive -- it is going to be fascinating to watch. >> i'm taking everybody out at cnbc everyone everyone >> save the tape save that tape you better have that good wine that good wine you pour at your parties. >> the caymis 40 on the house. >> save the old tape don't cut it off early >> we'll get a mad dash after a break. don't go anywhere. labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid. so do businesses. so, to

gentlemen, this is a world record event, there is rock star chef bell english in the test kitchen at williams sonomashe with food blogger watch gabby cooking, going for a world record. it's a world record for the biggest dinner party ever benefiting st. jude this sunday. you can be part of the history as they attempt to break the record, largest virtual dinner party. during the live report, they'll answer all your thanksgiving questions, give prizes away, and of course raising money for a good cause. donations made during the event of course to st. jude's research sunday at 4:00, good luck with the world record attempt. as i hand it back to you, i am in a shake your morocca kind of mood. thanksgiving is my favorite holiday. we didn't have that in the uk. will you have any in your household for thanksgiving? >> five live in my household. it will be the five of us. i had to tell mom and dad no, can't come from colorado. but we will be zooming a lot. >> we were going to have family but we will be safe this year. so we can look forward to next year. >> yes. >> have a great thanksgiving and a great weeke

also so many of the companies are actually talking about product shortages like best buy and william sonomaons i've looked at even in apparel, abercrombie is a little less than last year, so i think the deals have really been good and maybe today is a lot less important than usual >> angie, what is your sxechkts ta expectation? i feel like this year everybody is just -- and i mean this with august due respect, just kind of guessing at everything because there are so many variables. anyway to hone in on what we can expect >> yeah, i think i echo what stacey shared. these great ddeals are no longe deals. we've seen the offers being provided to consumers well beyond back even in june, pinterest was reporting that they saw consumers shopping online for xhmgs achristmas and gifts. but i think that we'll see increased spend. right now we're proceed jesktsing 44% of people will spend more compared to the prior year yes, most of it will be online or theyy order online or pic up in store. and so we're seeing the full omnichannel experience occur and i think that we'll see a robust holiday spend this

one bright spot is the housing market you have restoration hardware, williams sonoma, they're jumping and then you have trex, which makes decking and railing-type products for homes and two retail stocks hitting new highs, will brands a the a 52-week high, target at an all-time high yet again today after its big blowout earnings report yesterday. and, kelly, you mentioned the electric vehicle trades tesla a the -- at a new high is up 20% in just this past week kelly. >> all right, dom. the dow sliding today and heading now for a down week. let's go to bob pisani for the action >> the markets are still having a hard time to figure out on what to focus. do you focus on the spring reopening in 2021 and second quarter or on the covid winter right now? today a little more focus on the covid winter the good news is tech which has been a little wobbly this week is holding on. it's not let's ignore tech on a day we're worried about covid. facebook is kind of flat but most of these stocks have been flat this week, which is an okay performance given how far they've come same this evening with t

spending in restoration hardware in an all-time high william sonoma as well great name as with dollar general listen, we have one of our favorite games called shop it or drop it. >> i can't thif another game up there in the pan theen of games in "fast money." check some of the moves as we head to wonderful year for some stocks nordstrom up 93 percent. ulta and gap up 35 percent target all-time high today time for one of our favorite games. that's right, shop it or drop it let's kick it off with nordstrom, shop it or drop it, steve? >> i'm going to shop this one, for the main purpose, my premise is, if you did well in 2020 on the retail side will be very hard to replicate that in 2021 nordstrom was a restructuring story, that's what the headlines told us in may stock rallied 75 percent off th may lows to june right now we have the target zone 25 level on technical basis. nordstrom can crash through on the upside there's a lost runway for this stock, don't bet against it, shop it. >> yeah, that seems like a fairly technical take. i see the levels steve is looking at, the 2019 low around

stores posting better than expected quarterly revenues, shares are higher to the tune of 4% and william sonomaooks to be a winner today as well the home furnishings retailer beating the street on the top and bottom lines, digital sales soared 49% over the same time last year. those shares up 7% in the pre-market >>> coming up, steve mnuchin announcing that he is cutting the feds lending power so what does this mean for the central banks emergency programs steve liesman will join us to explain. . >>> futures under pressure and gilead under fire this time with the w.h.o. over its remdesivir therapy and we're getting ready for the holidays with a look at a unique 2020 travel season it is friday, november 20, 2020 and you are watching "worldwide exchange" right here on cnbc ♪ i got you babe, i got you babe ♪ >>> welcome back to the show i'm dominic chu in for brian sullivan here are the way stock futures are looking. you can see the dow is implied lower very modestly by just about 42 points, s&p by about 3. and the nasdaq outperforming with a modest 5% implied open. the dow is on pace for its thir

the latest is williams sonoma, the san francisco company says revenues rose 22% compared to this timet year as people took up cooking as a new hobby perhaps. i have to admit i got myself a machine i almost never use and a wok which i use all the time. it's great. >> well, you crack me up when you say cooking is a new hobby. it's because we can't go to restaurants. we have families to feed. >> i've been doing more cooking, too. >> yeah, it's my hobby, as a mom. >> yes, i have kids to feed as well but when you're doing fun stuff, that's a hobby. >> scott, another thing that we were hearing this morning, it's about emails and it could be matters of worsening the climate change. okay, so here i find it hard to believe, talk to me about evidence behind this. >> this is being passed around, ironically, by email and the idea a study in great britain said if you reply to an email you're using up electricity, right, and you are, so doan just say thanks or okay, save a couple emails a day and i wrote down some of the numbers here, the uk could save 16,000 tons of carbon dioxide, prevent it from

williams sonoma as well as potty barn are boarded -- pottery barn are boarded up, and it's not just stores that are boarding up, it's small businesses as well. who opens a restaurant in oakland during a pandemic? sam wilson did. last night he and his wife opened sam's diner for their daughter. we'll hopefully know who is president before mila blows out her birthday candles. but anything could happen on this election day. >> it just takes one bad apple. that's all it is. >> reporter: wilson said he would rather fork over $1,000 to board up his windows than fix shattered glass or remodel the interior. >> it's best to do it this way than have to clean up a mess later. >> reporter: big box retailers like ross fortified their windows to discourage would-be looters. a swarm of thieves targeted emeryville stores by breaking windows and crashing into storefronts. nick said he's tired of seeing his neighborhood look like a war zone. >> i want to see them take all the damn plywood off the windows. >> reporter: an oakland administrator sent this message out to the business community. we have mobilize

the price of turkey can get 16 pound turkey for about 90 bucks laugh, it makes sense to i got a williams sonoma turkey, yeah over a 100 from santa rosa i felt like as what sporting a local community, but you can get your turkey about it all for 19 bucks for 16 pounds i can spend over a $100 1415 convert satirists really depends on where you shop to change you know what you're helping out a local business so good on you for that i'm surprised though that there isn't some sort of like spike in turkey prices with everybody having to celebrate separately think there be. >>more turkeys that have to be cooked but it's not doing okay. future quick lesson here we have a microsoft's x box on 599 call last year. >>the idea is you buy it and they're like well i play games on you get 2, 3, 4, 5, games and that's where they get license in same thing with turkey, they lose money on the turkey but to get in there and buy here by so nice things talk of the general to get to in a story that make it should have been going that story. like i do that all right and then lastly amazon and we got holidays coming up a

so is william sonoma, reported after the bell tonight, 24% same-store, looking for 11 yet, at the samee, people are aggressively paying down their credit card debt $10 billion worth in the third quarter paid down after $76 billion pay down in the first half bankruptcies are at historic lows foreclosures have plummeted. it is hard to believe that we had 742,000 new jobless claims last week. how is all of this possible? i can tell you a few of these retail executives understand what's happening they're proud of how they're doing, they should be. they figured they'd be in worse shape than 7% unemployment with no stimulus. a riddle wrapped a mystery inside an enigma i've got a theory. it's not like america is spending like a nation of drunken sailors, in fact, it's the opposite people are wisely purchasing everything they need to make their home into a school, an office and an entertainment center they're buying all the hardware that enables the contactless economy. including cars which are essential if you're moving from the city to the suburbs. as so many people are. what's driving this?

san francisco's based williams sonoma is selling baby yoda, okay, baby yoda, i can't even say it. >> that's what they are. okay. they're inspired by the new season of mandalorian where he uses the force to steal cookies. >> i like the color. >> i haven't seen that episode yet. >> i only recently found out that macaroons are different than macarons like only in the last two years. >> people take that seriously. >> they really do. >>> good morning, america. turning point. 16 days after a decisive victory for president-elect biden, president trump finally relents and his administration clears the way for the transition of power. trump endorses the move in what he says is the best interests of our country but still vows he'll never concede. biden forging ahead. his new administration taking shape as he unveils a list of historic cabinet picks, the first woman treasury secretary ever. >>> testing turmoil. with millions of americans on the move for thanksgiving and covid cases surging across the country, demand for testing soars. unable to find testing at all. one of the nation's bigges

and we just got a p.o. from williams-sonoma. herjavec: i'm not a big chef.nstead of making it on a stove or on a barbecue? what's the benefit of this whole process? it's one-button cooking. it's like a -- it's like a slow cooker, a crock pot. it's a set-it-and-forget-it. i cook, as well. i like to do burgundian dishes. what is that? what's a burgundian dish? burgundian, for example -- calves' liver. you do not want to overcook it. do you do that with all organs of your kills? could you tell us what it costs? yes, it costs $199. how much have you raised? so we -- in 2012, we had a seed round of 875k. and then last year, we did a note of $2 million. ooh. $2 million? yes. cuban: last year? so what was the valuation of the seed round? the seed round is $6 million. and then was there a warrant on the note? the note is a 10 cap. the note's a convert? correct. it's straight convert. right. hmm. cuban: guys, i think it's a great product, but i just don't see the momentum that i think you should have. i don't really understand the competitive threats since i don't kn

can see them now scrolling on the bottom of the screen like best buy, domino's, house goods, williams-sonomas. my father would say i'd rather have one million people give $1 than one person give a million dollars because this way more people are involved in doing good. >> marlo, how much does it cost to run st. jude? >> well, it's close to $3 million a day to support both our research -- >> wow. >> yeah, there's a research center as well as the treatment hospital and as you know, st. jude is not for profit and no family receives a bill, so we have to raise nearly 80% of our money from the public. most hospitals only have to raise about 8% so this campaign is the life blood of the hospital. you know what they call st. jude america's hospital because the children come from all over america.veryone has a happy our ground-breaking research goes and shares with communities across america and donations come from the wonderful people of america so get out there and shop. i hope everyone has a happy holiday, and please stay safe. >> marlo, we are so thankful for you, you and all the folks at st. jud

walmart has been making great progress there williams sonoma has a very good on line presence i would focus more on those companies than the traditional department stores. >> cole's ceo by the way is going to join us tomorrow on the show to talk about earnings. michelle gas. >>> mike, the vaccine link with travel and hotels that's offense and the market latched onto that idea what about retail? how much of a game changer sit for the beleaguered retailers who struggled even before the pandemic >> i think it is less of a linear path between the vaccine and the retailers because of what has been doing on for retailers for a long time. some of them have been forced into shrink mode i think you will get a bounce after the announcement of a vaccine. the gap has shown it can do. me channel it is in a defined uptrend where it was precovid. a lot of the stocks deemed winners have had the benefit already. >> we have got just about two minutes before the close gap having another 9% up day it has been incredible lately. mike what are you seeing in the broader internals for the market today. the d

williams-sonoma's revenue reaching $1.76 billion thanks to a huge, 49% jump in digital sales, stock ises, pfizer and biotech applying for emergency approval. who will get the vaccine first? >> the ones that needed the most, and essential workers, pfizer is first to go through the regulatory process and i love this tweet by their ceo, 248 long days and nights, it was grueling for them. what we know is the fda will hold cases and regulatory review. it is likely they will use those days to review the moderna vaccine. this is what critics are saying. if you have the data why are you waiting so long because once this is approved it can be shipped in 24 hours. >> renewed restrictions, talking to jonathan about that in several states and cities, what is the latest on the lockdowns. >> a temporary curfew through most of the state goes into effect saturday, stocks gathering nonessential work from 10:00 pm and 5:00 am in areas under the state's restrictions which means more than 90% of that state's population. in rhode island, a 2-week participant called from november 30th to december 13th. that