market mover, nvidia ranked as the third highest valued company on the nasdaq the stock closing of an all-time high earlier this week nvidia and mediatek are expected to announce an a.i. chip for computers and iphones at this upcoming event. we will be following all day every day this week on "mornings with maria" 6 - 9:00 a.m. eastern go forget to join us on fox business. i hope you will join us and i'll see you on sunday on the fox news channel at 10:00 a.m. eastern for "sunday morning futures" of exclusive interviews this weekend with trump organization executive vice president and president trump son eric trout, rand paul, white house senior advisor stever miller and director of national intelligence john ratcliffe all coming up sunday on fox news, join us for "sunday morning futures", that will do it for us on fox business. thank you for being with us, have a great rest of the weekend. i will see you nex ♪ >> variant roundtable sponsored by global x etf's.

>> welcome to "barron's roundtable" where we get behind the headlines and prepare you for the week ahead. i am jack otter, growing tensions here at home and overseas are having a major impact on the geopolitical landscape president ian bremer will share his insights. later the new rules of real estate taken affect the summer they will break down what homebuyers and sellers need to know ahead of the change, we began with the expert panel investors to be thinking about, on the "barron's roundtable" ben levisohn, elizabeth o'brien and jacob sonenshine. it's an ugly week on wall street and in the last hour or so trading instead of going to the hamptons and the beach traders put in a bid in the market ended up on the day. >> you're absolutely right it was a terrible week it was

looking like an awful week at that into the month. instead we have a massive rally on friday and it could've been a programmatic trading and it could've been real people but something came in to take advantage of a bunch of the stocks getting knocked down. it was a down week for the market but not nearly as bad as it could have been. jack: algorithms did not want to go to the beach. what were the forces pushing the market down, why were traders unhappy. >> i feel like i had to do with sentiment than anything else there was not real news that would've shaken things up one way or another people came in very optimistic, jacob wrote a column talking about the disconnect between how much the market has gained and that needed to get worked out a bit. i think we will see next week if enough of that got worked out with the pullback in the rally on friday at the rally continu continued. >> will be looking at job numbers next week i was looking for inflationary hits, what else will be on traders minds in the coming days.

>> a lot will come down to the jobs report, they will want to see that the economy is still strong enough and it keeps going and having a lot of negative economic surprises recently and that isn't good if it keeps going on for too long. it has to be strong but not too strong where we worry not only the fed not going to raise or cut rates but is it going to have to raise rates as well that would be a real problem, for now that seems to not be the case and maybe the market can start rallying again. >> the a.i. rally that ben is talking about is powering the market so far this year, now is not enough to be an a.i. play you have to deliver. >> like you said the market is up a lot, salesforce was one of the stocks that was up a lot from the low in earnings and now you get to earnings and salesforce posted 11% revenue growth for the quarter and guidance they said going forward we expect 8 - 9% growth and they talked about customers delaying spending on projects in a issue and customers are watching their budget, wall street is going is your a.i. offering as

competitive as it needs to be is not the issue, salesforce gets knocked down. it doesn't matter the issue, stocks are priced for growth you have to deliver in a company like c3 a.i. that is a small company they had revenue of 86 million to be by 2 million in the market was great the growth is going to be what we thought it was going to be and that was roaring now you have to deliver. jack: hp q also delivered on a.i. >> their beneficiary not like the other two i mentioned but total beneficiary beat a good move up in the stock. jack: it's been interesting the phenomenon the winner take all has been visible and retail as well and big winners, big lose losers. >> it is so hard and retail is about hand-to-hand combat, your footlocker which only has to focus on footwear and trying to revamp its business is been a tough business. it looks like with the guidance, sales could be up one or 2% at some point later this year because of sally nike, hokah and

on. they know cools, revenue is down year on year a huge department store and they said apparel which is the most of business they did not know what to focus on. >> my favorite stock was abercrombie and finch at 444% in the year crushing nvidia, who would've thought. let's talk about this goldman sachs asset munition report that you been focused on showing targets for how much you need to save in retirement. nobody is hitting it or most people aren't hitting the number but at the same time is most pessimistic. jan z is on a good start investing for retirement and median of 29000 in the retirement account, that is good and part of that is benefiting from relatively new features like auto enrollment which is really grown over the past 15 years to get automatically plunked into the 401k and you have to opt out. the report looked at competing pressures that people are faci facing. jack: taking care of your parents, taking care of college, millennial's are getting hit with the cost.

>> millennial's are getting slammed it is good to be jan the next. jack: of course you have not quite a silver bullet but a bit of a solution to help retirem retirement, you wrote a column about the roth 401k which is been good and it got better. >> starting this year no required minimum distribution requirements for your 401k, you can let that money compound and grow throughout retirement assuming you have other funds to live on and then you can give your heirs at that tax-free inheritance. >> people get torn up whether the roth or traditional approach. if you do the roth you put the same amount of money paying your taxes now and 40 or 50 years later if you're 28 hot tax-free money. >> you have to pay taxes on contribution but you get tax-free withdrawals in retirement and everybody says likely tax rates are not coming down they will keep going up. jack: war raging in the middle east and europe, the u.s. election here at home is heating

up after the unprecedented conviction of former president trump, ian brammer will break down the changing geopolitical landscape and what it all means do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management.

jack: the ongoing war in ukrai ukraine, the conflict in the middle east and historic guilty verdict for former president donald trump ahead of the 2024 presidential election are having a major impact on the geopolitical landscape. joining me now asia group nvidia president ian brammer. good to see you, thank you for coming on the show. >> my pleasure. divided a administration for the first time said it will allow ukrainian forces to use american supplied weapons for limited targeting inside of russia.

will that have a meaningful impact on ukraine's defenses? and what is the risk and escalation in what can russia do in response. >> it should and harkey which is the second largest city in ukraine, millions of people in the russians are increasingly their front lines are encroaching on it, they're able to hit it. that does matter but of course every time that we see and escalation from the united states or the west that they wouldn't consider a few months ago, number one it shows a level of increasing concern and anxiety with the ukrainians aren't doing so well in the war, the russians are doing better and it raises the specter of potential escalation. i don't think russians are about to roll troops into a nato country but the likelihood that you might see asymmetrical attacks, for example more cyber attacks against the west that were considered redlines back

before the invasion of ukraine in 2022, that likelihood is going up. jack: i would follow-up, let's go 2000 miles south of kharkiv, gaza, any path to a cease-fire to the release of the hostages. >> near-term, the sides are still talking in the israel continues to move incrementally and what they are willing to consider for a short-term temporary cease-fire, that is productive, will hamas agree to a deal, it's hard to even talk to hamas, the leadership, you get a message and it's another week or two before you can get a message back and things change frequently in the interim, as you know is really tanks that are and central rafah and a lot of civilians and continue to get killed and by the way a lot of hamas fighters that averted gone out of rafah and back in other parts of gaza.

i think were a little more hopeful that we might get a short-term cease-fire than we were a week ago but we are not hopeful that this war is coming to a close anytime soon. jack: i'm sure. in sudan there is a war raging that most of the globe is probably not aware of what is the most important thing for americans to understand about the conflict. >> about 10 million sudanese that are facing serious humanitarian challenges potential starvation and need to forcibly migrate it's not directly to europe or the united states and there's no journalist on the ground. in that regard almost no one pays attention. i appreciate you asking, g0 we've been trying to get people to pay attention from a purely communitarian situation this conflict is affecting more direct stress on the ground in the country then either in

ukraine were what we see in gaza or haiti much closer to our shores in the united states. jack: a bit more attention was paid to a courtroom in new york city on thursday a guilty verdict that will not change the minds of donald trump supporters or his detractors but at the swing voter level there could be some impact, take us there and what do you think the most important issues will be for swing voters, is not one of them. >> it is nsu they say is not one of the most important issues they say they have bigger priorities and those that lean biden, abortion and those that lean to try, inflation in the border, it's not a relevant is the first time that that they have been convicted of anything 34 felonies at the same time it's also the least consequential that trump has been indicted for, it's less

about national security it's more about a salacious affair with a star you did not regard how much are people going to care, in the coming weeks you are going to have a case against hunter biden and those that support trump will be twitted warmest degree irrespective of whether he's found guilty or innocent. in comparative information voters in the united states their ability to make heads or tails of who's telling the truth and what they should think coming out of these two cases is going to be limited. jack: we have to leave it there i will congratulate to you gave a commencement at columbia not a single student walked out you perform some magic, think of her coming on the show. >> i appreciate it. it looks like interest rates are headed down anytime soon that that's not necessarily bad news for investors the outlook for

the fed's next move and where to put your money after this. ♪

her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials.

“the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> mini had high hopes for lower interest rates in 2024 but sticky inflation is keeping rate cuts off the table. investors may have less to worry about the new thing, the barron's cover story this week written by nicholas gist kinski, he joins the panel now, great story, explain to us how did we

get from six interest rates in 2024 to one to market predictions and use a non- >> i think the fed is going to cut and put you in the economic numbers and inflation numbers you be surprised we were talking about rate cuts economic growth is strong, labor market is tight consumers are spending money, fiscal policy is an stimulative and the deficit is 6% of gdp that's a huge boost to the economy and is not going anywhere an election year will be on and it felt good about last year's been stuck well above the 2% target so far this year. jack: we went from 9 - 3 what stuck between three into services inflation continues to be the problem that means wages are rising and the prices are being passed along to consumers in the section of inflation that has been pretty sticky in the

housing prices are not coming down anytime soon inventory is too tight and if things ease up a stock would help the rental market anytime soon because they run on a 12 month. so every month one 12th of the inventory comes up for renewal so it takes time for the trends still play out. >> it's a slow process of getting out of the inflation numbers, the other problem that goods inflation is back, best year yet unwinding of a lot of the supply chain issues that we had during the pandemic but so far this year there is issues with the suez canal, panama canal, commodity inflation, energy prices, copper is going crazy, raw and put into a lot of goods and goods inflation has come back in 2024 so far in the fed is not going to get the confidence that they need inflation is going back down to 2% anytime soon. jack: the stock market has dealt with the fact that we expected six cuts, the market has been okay is it going to be able to handle no cuts this year.

>> it is surprising that the market is up and if i told you to be getting of the year if we were to get in you because i don't think you would tell me the market is going to be up by double digits because economy is strong and they can continue to grow without rate cuts and the kicker of the a.i. trade and what the fed is doing the going to pile into the a.i. stocks because of the long-term opportunity with rates going from 0 to 5% and is not as sensitive to changes in interest rates as it used to be, the legacy of the 15 years before the fed started raising interest rates were we had the ultra low interest rates and they locked in the 30 year mortgages at low rates refinance and extended maturities in the legacy and the

debt in the economy and you have the secular changes in digital services and less capital-intensive in the recipe and higher interest rates for that to flow to into the real economy. if not building factories you don't have to borrow as much. >> that's exactly right. no complaints i don't have to borrow anytime soon getting four-point to five in my online only savings account and my mortgage is 3.4. that's a good trade. >> you say there will be no cuts in the economy will be strong, where could you go wrong. >> i think a key variable is a labor market and you have to squint to see weakness but that could pick up and i think that's something the fed is good to be very sensitive to that of a dual mandate to keep price stability and maximum employment and they're pretty sensitive to any signs of an appointment pick it up. >> the goal of the fed was to cool down the labor market a

little bit labors coming out a week on the job market, what will you be looking for to see if there is a turnover in labor and suddenly we will be okay on inflation. >> i look at the subsets cyclical sectors and what hiring is doing those are more sensitive to the economy that excludes healthcare and government and you can look at things like temporary service jobs temp workers, those are outright declines over this year and that was a leading indicator been and jacob have the same i (wife) saving for retirement was tough enough. (husband) and navigating markets can be challenging at times. (fisher investments) i understand. that's why at fisher investments, we keep a disciplined approach with your portfolio, helping you through the market's ups and downs. (husband) what about communication? (fisher investments) we check in regularly to keep you informed. (wife) which means you'll help us stay on track? (fisher investments) yes. as a fiduciary, we always put your interests first. because we do better when you do better.

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jack: new rules on real estate

commissions go into effect the summer as a result of a lawsuit that challenge the whole process that these were too high, the court agreed what will homebuyers and sellers encounter in august when this goes into effect. >> there's a lot of moving parts and we have to see how it plays out, typically what happens when you sell your house you pay the seller's agent, your own agent and the buyers agent commission out of the proceeds of the sale typically 6% but both ways, that will likely come down a little bit, we don't know it might very from transaction to transaction a bottom-line negotiation is going to be the more important of the new environment both parties want to come to the table in a way that they did before. jack: is going to be tricky for the pioneers and i'm also hearing about a fee-based approach and has agreed to work. more brokers are working on a flat theory and all the cards so you can choose the services that you want and go from there. it's going to be important especially for buyers to sign a buyer broker agreement even

before they look for houses, the process is going to be a little bit more formalized. sean: fees are going to come down for buyers. let's go to actionable ideas, you have one of my favorite charts on wall street, what is your pick. my pick is corning an internet favorite during the.com era, got upgraded by j.p. morgan, the sea is been the cyclical in a secular beneficiary cyclical from consumers wanting more products that use the products which are glass kind of things but also the benefits of a.i., the stock has done pretty well recently it just broke through support levels looks like an interesting time to take a look. jack: it was fiber that got everybody excited but they make the class i funded a lot of good stuff. debris airbnb is down 6% since they released earnings management talked about growing company they talked about decelerating growth going into the second quarter and as we

were talking about earlier we have higher rates and people slowing down spending on travel in the market is really concerned the thing that the company guides conservatively and long-term you're having an alternative accommodations taking share from hotels that's way to be there for a long time but the growth is going to be really high and you want to get it at this price. >> the services inflation is because people want to travel. thank you guys, jacob and elizabeth great ideas as always, to read more check out this week's edition of barron's.com that is all for us we will see you next week on "barron's roundtable". pete: have a great sunday, everybody. to to church. rah. rachel: bye, everybody. ♪ a: