you can get spatulas, mixing bowls at williams-sonoma.ardware is for like giant bedroom furniture, much more of a manly thing? williams-sonoma is more like gourmet. exactly. for amanda lang, i'm matt miller. this is bloomberg. ♪ mark: -- limits on freedom of movement. mr. biden warning of the need to protect democratic values at the start of the summit on democracy. an event that has stoked tensions with china and russia. the president called on world leaders to stand up for the values that unite them. eitan cope the data we are seeing -- pres. biden: these challenges are exacerbated by challenges that require shared efforts to address these concerns. mark: president biden says the united states has launched an effort called the presidential initiative for democratic renewal. he is calling

valuations, especially at a williams sonoma, not aggressive here and i think the world we liveh the consumers still continuing to spend on prices in their houses that give them more equity value, i think these are stocks to stay with. >> bk, do you sit with the builders or go with the lowe's, home depot, william sonoma, the remodeling type trade? >> yeah, i feel like the remodeling trades are long in the tooth. look at lowe's and home depot, they have done really well i would be taking profits in those. how much better is that going to get? again, you have the situation where you had a perfect wonderful storm for these companies. and if anything, i would look more towards a kb homes. something like that. but it has to break out. i would much rather wait for momentum on this, because what i'm concerned about is input costs. look at lumber prices, up again. i'm a little concerned about that i think it is time to be cautious and defensive when it comes to the housing sector. >> all right, let's go to a bigger picture trade here, caterpillar, building big gains today following a bu

are you in here on williams-sonoma?re getting a stock at a 23% discount for the fundamentally solid reasons that pete cited back in november wells fargo put out a report after earnings talking about a much-needed valuation reset, but also citing the strength of its free cash flow generation, the strength of its margins and the ability to absorb some of the pressures that might come from rising advertising cost and wage costs. well, that's exactly what has happened here over the last five weeks. so why not take advantage of the 23% discount and enter into a retail name that is qualitative that has the strength of a phenomenal balance sheet steph, you're playing housing with tjx and stanley, black & decker do you see the same proposition for williams-sonoma which is higher end goods for the home. >> they do have four different concepts and the free cash flow, that pete and joe mentioned and really very impressive the problem that i have with it is it's up a lot, up 67% year to date and a lot of this is known and factored

>> williams-sonoma, every little thing she does is magic. how about that, guy?as i said earlier, i would fade this big move in roku i just think the growth is going to be challenged the stock is too expensive where it is. >> is the invisible so in crypto. thanks for watching. i am here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer! welcome to "mad money. just trying to make you some money. call me at 1-800-743-cnbc or tweet me @jimcramer. know something wall street can be a pretty darn negative place [ boos ] there'ys

wrappingle employees back in the office, those will outfit their offices with furniture from williams sonomathe stock can fly here the bosses love their houses why don't the bosses have their rooms made up by williams s sonoma they'll come and do it for you rh they had a monster quarter the stock is down gigantically i can't emphasize enough how unusual that is. finally, talk about an opportunity to buy a tesla i think the new opportunity is core tesla buyers. they can plug it in. we do have some in those parking lots what about tech? i don't think there's going to be another wave of personal computer done waste of money to buy a new one. that feels played out to me. now that the big dogs are being forced to stay home cybersecurity will become a huge issue for them many are trying to address problems the one i rely on as a thought leader when it comes to hybrid work is palo alto networks he has a device for your home that i can see every top executive considering now that home is where the work is. i know that covid seems like it's on the run. we've seen how omicron peaked in south africa th

people are buying new houses they tend to stock those new houses with williams-sonoma.to our previous name at 14 so this is a great company that's gotten really rocked in the last month for in my opinion no good reason a great company trading at a very attractive valuation. >> all right and speaking of money, finally, oppenheimer naming coinbase a top pick for 2022 and the exchange is poised to benefit from expanding digital asset adoption as well as the rise of deflat, that's decentralized finance. it has been a roller coaster for shares since coin went public in april. they're higher today, but down nearly 20% in december, on pace for the worst month since may. mariann, is 2022 going to look better for crypto and coinbase >> you know, not if you look at the charts for coin or bitcoin, and there's over 12,000 cryptocurrencies out thereonnec are >>> everybody seems to be trying to make it mean what they want it to mean to sell their thesis. we will see where it end in 2022 bob, mariann, thank you. >> thank you for having me >>> for more on call on crypto and exchanges,

. >> i just got the william sonoma peppermint bark. it was on sale. >> very nice. [ laughter ] >>and you know, that little box is so cute next year to put crackers and cookies in. any way, we are very lucky to live here. >> reporter: in san francisco, betty yu, kpix5. >> and still ahead on kpix5 news at 11:00 and cbsnbay area. hospital patients in the parking lot. the square that forced a southern california medical center to evacuate. >>> plus, a bizarre east bay heist. a group of burglars break into a store through the wall. >>> and a live look at the bridge. it is about to get a lot more expensive to drive over some major bay area bridges. >>> new at 11:00. patients and hospital personnel were evacuated from the parking lot of the orange county hospital after a fake bomb threat. this happened at saddle back hospital in lagoona hills. the all clear has been given after investigators say they did not find anything. they are looking into this as a squatting call. a fake 911 call that is pliant to send massive amounts of resources to on

how about one we think the world of how about william sonoma those are earnings those are high qualitypanies with much more consistency than way fair they have much less growth at the moment i like them both i like them far more than i like wayfair. it's funny y you're talking about gary friedman they are both fantastic. this stock might be enticing between 112 and 135. huge from here and that makes sense. the bottom line, when the stock gets hit with downgrade and drops 8.5%, you have to expect there's more pain ahead where the analyst don't seem nearly bearish enough give tennessee market has become a lot less friendly there's a lot of cheap stocks out there, including a bunch oend by my travel trust. i would check them out first before i ever pull the trigger stick with cramer. >>> coming up, 2021 was the year of the spac attack c i see opportunities that lay ahead. early audiences give "sing 2" an a+. i counted nine smiles, two belly laughs and five chuckles. it's a heartwarming crowd-pleaser that will have feet tapping. ♪ ♪ ♪ digital transformation has failed to take off. because

i do it with williams sonoma one of the reasons i like the product so much. came public, the financials were good, not great. very good. in 2018 to 2020 they saw growth which translates into a terrific 32% annual compound growth r5i9. what they made jumped from 46.9 to 51.4 and while the company is, indeed, losing money, that's because they're spending heavily in order to expand we like that, too. that includes a big digital business however, like i said, the numbers were good but they weren't spectacular. allbirds has seen the revenue growth decelerate. the first six months they grew at 26.7% their losses have expanded which is not ideal on top of that, they had negative cash flow from operations in the first half i don't like that at all the stock has almost doubled on the first day of trading and that was after the book runners had increased the number of shares investors had such a voracious appetite but their appetite vanished within 24 hours it sure didn't help when wall street started fretting about valuation and it just got hammered the worse was yet

obviously considered a big winner in that group, williams-sonoma. news update with kristina partsinevelos. hey, kristina. >> hi, mike. here is what is happening at this hour. texas anm has pulled out of the gator bowl college football game due to covid and injuries. they are aggressively looking for a replacement team to take on wake forest on new year's eve. >>> in florida, dozens of cars lining up at a 24/4 testing and vaccination site >>> in england, a spectacular sunrise over stonehenge following the longest night of the year hundreds of revellers sang and danced around the prehistoric stones to celebrate the annual event. it watt largest crowd at stonehenge since the pandemic began. and for those that ever go visit it, there is a particular fence you can stand at where you don't have to pay an entrance fee, just google it, don't tell anyone back over to you guys. >> a great tip, kristina, thank you very much. >>> up next, the international airline transportation association out with a new warning about getting on a plane. why it says you're mor

williams sonoma report so what, the stock is down 36 from the high. bear market. become one of the cheapest retailers i know crazy? could it get cheaper of course. did you buy it anywhere near the high no they're buying at the high well, now there's american express. they have great ties to small and medium sized businesses. how about c. it's going to be at 59, 58 it trades at $17 discount to its tangible book value. that makes it a steal. not that i want it, but it is. they can sit there and buy back stock all day and make money on it, but will they? i don't know i haven't heard from them. i can name many more there are tons of stocks in bear markets that are much further, much further from being expensive than they were they are in bear markets sure they may have been expensive a month ago, but down here you take a year long expense, like my charitable trust, then you don't know when it will bottom i don't care about the whole market i'm looking for bargains, for anomalies, damaged stocks of quality companies. with omicron everything has gotten suddenly scary. y

better earnings and at the same time wall street was willing to pay a lot for those earnings william sonoma is a dynamite company. the stock is valued 15 times earnings i thought the pe was too low i thought they could expand to 20 times earnings which could take the stock from 215 at the time to above $280 in other words, pay more for those same earnings. fast forward a few weeks and the world changed. wall street iscollectively decided we can't count on a homemade economy the fed needs to hit the brakes. the only question is how hard they hit the brakes. that means we could be heading for a situation where consumers and businesses are more concerned about the fuwe're no longer confident in the future earnings we're paying much less for them. now the stock without any negative news just that quarter was so good, the same stock is selling for 12 times earnings. that's a big decline from where it was a few weeks ago that is it after they reported that great quarter the brutal math is taking william and sonoma down to $170. wow. of course so far nothing has changed. i bet it may be doing even

i said the same thing about williams sonoma. they were both great quarters. the market is wrong. the companies are doing great and i think that dick's right here is a buy tomorrow morning it would have been just terrific had you done some buying near the lows but the real sin was selling stocks down out of fear. i can't ask you to buy the bottom but i've got to try to tell you not to sell the bottom. the nlrb ruled that ballots can be tallied to unionize three starbucks in buffalo i'm going straut to the headlines. and then ford is cruising into the cloud after announcing a new subscription sold with a collaboration with salesforce. i'm talking the latest in cloud and auto innovation with the heads of both companies. and sentinel one blew the doors off the company. i'm trying to see if the stock is the one you want. there's big lock up expirations. don't get too excited. stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to "mad money" tw money" @cnbc.com or give us a call at

. >> william & sonoma, the stock is now down from 220 to 192, and it had an amazing quarter just twoy williams and sonoma. >> tell laura thanks for the look but i didn't get any. >> tonight unity software. >> unity >> it has your name on it. >> yeah, you and this is on the omni verse, metaverse. it is very, very big i don't know if you know john. john is the man that can put cameras on every single person in the nfl and you want to do your fantasy, you get your guy >> that's cool steph, looking forward to tonight. steph, bath and body works is a new buy. >> ooh >> takes new buy i think it positions well for the holiday and 2022 they have the products people want, new extensions in terms of products and 90% will be sourced in the united states people will be able to get it. ten times eastbound baugh. group is at 14 stuff i like it. >> carrie? >> booking holdings is down 20%, people are traveling >> joe >> lam research. >> good stuff. thanks, everybody. love having you here >> what a great show >> fun as always thank you. that is it for us. "the exchange" begins right now. ♪ >>> i'm jo

i want to show you williams sonoma. that is upgraded to a buy at luke capital. $205.ng into next year. omicron limiting people eating out, beneficial for people staying at home, buying more at williams sonoma. interesting thought there. american airlines says demand is strong domestically. that is bullish as we head into the holiday peak travel season. lauren, we could see 2 million plus going across the airports according to tsa numbers. lauren: i know. people are just, they're fed up. we saw the reagan international where hillary vaughn was. it is crowded. okay, so let's pivot here. we're talking about apple. did the sec give a big win to apple shareholders? do you have that story? susan: there will be a vote at the next shareholder meeting about use of non-disclosure contracts or harrassment or discrimination cases. it still needs to be voted on and approved by shareholders. in my experience at shareholder events i wouldn't expect it to pass. i would say shareholders vote with management probably 99.9% of the time. citi hiking the target price of apple. citi is wor

. >>> in the meantime a bunch of calls on williams sonoma, darden, cat, apple and a lot more we'll take a break and be back in a moment. don't go away. mom, hurry! our show's gonna start soon! i promised i wouldn't miss the show and mommy always keeps her promises. oh, no! seriously? hmm! it's not the same if she's not here. oh. -what the. oh my goodness! i don't suppose you can sing, can you? ♪ the snow's comin' down ♪ -mommy? ♪ i'm watching it fall ♪ watch the full story at www.xfinity.com/sing2 >>> when we did the fog deal, it was always through the lens of the scale of needing success in the digital platform space none of it was viewed as a traditional media play we knew that we are buying on traditional platforms with traditional models, but in terms offal value creation, it was all tied to the growth of digit at platforms globally more about money with rupert, less about legacy of the acquired properties? i don't know when you say money per se, but rupert was very focused on the scale that was necessary to be successful in the media company in a new world, particularly with incurs

about there's a lot of names held by -- >> retail right now is trying to figure out what the hell williams sonomaust put in a great quarter. >> greatest calls over the last five years -- >> thank you, look, there comes a time -- >> lucid, amc. they're going to be down -- >> there will be a time to buy them you have to see -- after jay slashes. let's say he says taper and people say he's a coward let's say he says tighten, they're going to sell. >> it goes back to the -- >> we have to have the -- >> got nowhere to go where am i going i'm selling to go to cash? >> you're going to companies that make things and do stuff. >> it's rotation >> yes there's a piece today -- i'm going to pick on someone, because i'm in that kind of mood there's a guy today -- i'm not going to mention which firm. it's block which used to be square now it's block head. this is a guy who wrote july 25th, i feel badly that i'm doing this, but i'll atone for it later on. he said that buying square was like buying j.p. morgan in 1871, okay july 25th. now suddenly he's worried about buy now pay later. everybody pays later that t

inflation ideas include luxury ideas such as lvmh, louis vuitton and restoration hardware and williams-sonoma. on the other hand defensive names, names with lower beta, lower standard deviation, lower risk, higher dividend yields that would be walmart and target so there's two ways to play what you're saying and something we're closely looking at discretionary, your question around discretionary, the ideas we like are macy's and kohl's. the consumer remains strong, cautiously optimistic, and the valuation opportunity selectively with p/e ratios at 10 and below look like good opportunities to us. >> oliver, it's scott. you, frankly, sound a little more cautious than i would have expected given the kind of numbers that we just did if we're doing the kind of numbers we did with the most contagious virus we've ever seen out there, what are we going to do on the other side of it >> yeah. supply chain constraints and consumer demand, consumer demand remains very strong, but we're cautiously optimistic because the traffic has decelerated a little bit in december, and this ongoing inflation as well a

. >> i just think that auto -- can he go back to williams sonoma last week, that stock is now down $30 they had an unbelievable quarter. they're every bit as good as sherwin-williams >> everybody knows that. >> you think he thinking is it organic? >> i'm sure he experts the bark. >> you think the blowback that's the sole most important person in america today >> potentially, yes. some people wonder whether they should be filing a 13-d on every single company when they put a letter out and saying we're going to be doing this or looking at that -- >> no, i'm not, i'm just positing the idea of their power. >> it's been a remarkable 24 hours out of washington. we got the korclean cr, and news out of the treasury. ylan mui has that. good morning, ylan. >> treasury has placed 12 countries on a foreign exchange watchlist over concerns on how they manage their currency china is on that list. with the lack of transparency around the exchange rate mechanism. the treasury says it's closely moni monitoring, and switzerland is also on the list vietnam and taiwan has a stronger designation, but trea

worries you must be seeing lots of activity, given the rally in stocks, i know that you like williams-sonomae are seeing -- human battery, etf's, e-commerce, etf's, ready for holidays, support purchases so omicron variant potentially being less harmful as well as some of the eggs of easing of policy, bringing very -- good conditions in market i think should see. maria: i think this is a great point that you make, this was one of the new headlines overnight in terms of real estate, pretty much what you've got is china will face signal that it would ease curbs on real estate perhaps part of rally with dow up 339, jay thanks very much to nor jag in joining us this morning, on this powerful move in stocked we will see you soon quick break dr. stephanie hahn is here to talk are about rarity of covid booster breakthrough cases then a new discovery for alzheimer's disease patients we talk about mental disease border encounters almost 00% spike just since november the border is out of control we talk about it, it with former acting secretary chad wolf georgia governor race david purchase dee getting

are coming back to the housing market and they'll need to furnish houses and kitchens and so williams-sonomatually up the last time they reported and they're seeing really strong comps. finally, i would suggest even broader -- maria: the stock is up almost 3% right now. go ahead, joe ann. >> i was going to add one more. broadcom is broadly exposed to data centers and smartphones and we'll see consumers and firms continue those investments despite what's going on with omicron. i think everybody recognizers we're going to have to live with covid. in the u.s. we have a lot of people that are vaccinated, more people getting vaccinated recognizing the seriousness and long he evidence at this of the threat. we're unlikely to see shutdowns. across the pond and across the pacific we're likely to see some disruptions that will stretch out the period of time that this recovery is going to take. it is going to continue. and people need to recognize that for their long-term investments and that's really where investors need to stay focused. maria: so many great points. both of those stocks you mentioned

broadcom on the smaller side, and williams sonoma because people will things in those houses.five she and really caught my attention when you said defensive and big tech. i'm wondering about how much it's factors in when you are talking about the tech sector. joanne: that is going to be tricky to navigate. politics is hard to predict. if you step back and look at the equipment that has to be built for the devices that will continue to be built. 5g is still in the early innings of devices being rolled out. some of these companies are beyond politics providing key smartphones but also providing key equipment into the defense industry. broadcom is another one. they will need to expand as 5g grows because of more streaming across the internet and cellular networks will drive demand. i think those companies are well out of the way of the political turmoil that might bedevil other companies. romaine: health care has done well this year with pharmaceutical companies and the boost some got from the covid crisis. to a certain extent, some medical device companies that started to reboun