italian heritage day indigenous people say. when at that look good on the hallmark cards, that's it for us this week, i'll be back with the wall street journal large, the one holiday week and we agree on coming up this weekend, mother's day and i wish you all a happy mother's day and a wonderful weekend. thank you for joining me. ♪ >> ♪ ♪. jack: welcome to "barron's roundtable" where we get behind the headlines and prepare you for the week ahead. i'm jack otter. barron's 100 anniversary to mark the milestone we asked investing giant and american express ceo to join us on the future of business. will get his stance on voting rights and facebook ban on former president trump. which innovation and friends

will shape investing in the next 100 years but we begin as always the three most important things investors should be thinking about right now. the dow hit a new high by the surprisingly weak jobs report, copper prices surge over the past year with base metals played a crucial role in the shift to green energy, should you add copper stocks to your portfolio? how the pandemic has influence back to work at back-to-school fashion in which brands are poised to benefit most. on the "barron's roundtable", ben levisohn, carleton english and dachau, surprisingly low job number, below the estimate, instead of getting concern investors shrugged it off and kept on buying. >> they shrugged it off in a big way, that initial reaction saw bond yields dropped very quickly but they were back where they started, that tells you everything you need to know about the report that the market looked at it, they said were gonna wait for the next one in there was some things that

changed up a little bit, the nasdaq started off really strong finished up a little bit better than the dow, but what you really did see people use the opportunity to get back into stocks to look ahead and think the economy is going to be okay. jack: over the past week what trader calls selling the ribs instead of buying the dips, despite the great numbers put up by internet companies, can you explain that phenomenon? >> what's been happening we had very strong economic growth, and that kind of environment people should be owning stocks that benefit from the economic growth is not really the stocks in the nasdaq, what we saw every time the nasdaq would be up on the day early sellers were common and use as an opportunity to unload their tech positions and probably by some other stuff. using the dow hit new highs in the nasdaq often fell, even on friday the nasdaq finished up higher and much higher earlier

in the day and still came in while they're down which was negative early rally to close near high speed when we should explain the phenomenon, where there is not much growth, people pay really high prices for growth stock because they're sober, when there is more growth because whatever is expected in the coming quarters they don't pay so much for the growth stocks, value stocks look better and get bit up, what you looking for next week. >> next week jobless claims critically important given the payroll number this week and also looking to earnings from marriott and disney to see how the reopening is going. jack: one thing that conferences idea that were looking at decent economic growth in the future is copper sometimes read for two as doctor copper has been going up in price and from andrew barry's story, i learned something interesting, 150 pounds of copper and every electric car. >> that is a copper fund fact and if you're gonna give me one give you one that is only

polite, onshore wind turbines used for times as much copper and power plants that use fossil fuel for power. you don't really have this move to renewable energy economy without copper, they call it the new oil they think that were gonna go from 3% of copper demand coming from green power generation up to 60% by the end of the decade there's not a lot of room to increase copper supplies, that has higher prices for copper, andrew berry writes that the best way to play that, if you're looking to buy shares in your etf investor he points out two names, global, minor cop x and if you want exposure to copper through futures there is u.s. copper cpe are. jack: let's pivot to the idea that maybe someday all of us will be back together again but

fashion may have changed a little bit during the pandemic and you have been looking into that. >> america is ready to get out but it does not mean where people go back to the office all be wearing three-piece suits and pencil skirts but people are looking to spend 20%, put money towards new closing accessories, but what were going to see in the new office where more performance-based fabrics, maybe not the suits but somebody that has a little give not talking elastic waistband, this was what i disagreed with women are saying they want to wear flats, they're not ready to high-heeled, i got this right before the pandemic, this is the most action they've gotten in the last year end i cannot wait to wear them again, i do understand people are looking for comfort and casual then to go back to the office, denim jacket is going to be huge again the range of the skinny jean is almost over in about 50% of people are anxious to buy wider leg them denim pants according

to j.p. morgan. >> my sister-in-law will be excited about the jacket thing. what stocks are poised to benefit. >> nike is going to be your sneaker play and polo shirts for going back to work. she

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jack: barron's is celebrating its 100th anniversary looking back on her history has capitalism. my next guest the pinnacle of american business as ceo of american express for two decades and a leading silicon valley-based venture capital firm leader with the vision for the future of business and the intersection was social and political issues. join me terminate manager director of general catalyst kenneth chenault, thanks so much for being here. i really appreciate it. you written the hundredth anniversary issue which is exciting and co-authored a story in this week's. and you make the case on oversimplified for time that while innovation has been a powerful force for good, changes are necessary to prevent unintended but damaging consequences. i wonder if you could briefly share those proposed changes. >> responsible innovation. what this means is that

technology has brought about a great deal of change calls and a lot of it is positive change, the reality a number of unintended consequent this. and just as we go about business due diligence, we need to in fact focus on social due diligence. what i mean by that, as we are designing products and services for the future, how will we focus on economic opportunity in the products and services that we create, how do we do with the environment and sustainability, how do we deal with diversity issues and the focus that we need to have for privacy and safety, what were calling for is a level of what we call social

due diligence. jack: you're a former member of the facebook board and we just heard the facebook oversight board not to allow donald trump back on the part from, do you agree with that decision? >> i commend mark zuckerberg for creating and giving them the level of independence, i would say based on the criteria, because i've seen it, i think it was a very recent decision that they made and i was supportive. >> you been in the news for organizing a group of black executives who objected to the georgia voting law, to questions on that people who may not understand can you give an example or two while the law is objectionable and more important in the big picture, what should be the role of business executives on social issues like

this? >> let me get the big picture, answer first, i think what is very important here there has been a lack of understanding of the importance of the core principle of the right to vote that's at the heart of our democracy. in naches a black executives. that was the call to hand over our democracy. also the fact that companies and individuals signed onto a statement, the heart of that statement is the publicly opposed any legislation that is discriminatory or restricts the right to vote. that is a nonpartisan position. the reality is as we looked at

georgia and its similar in florida and texas, reduced access to voting and what is essential to our democracy, people should have as much access as possible. jack: i want to pivot to investing, this is an investing show we have viewers who would love to benefit from your financial background, what are the trends that you think investors should watch over the next year or longer in terms of what will move the market and the economy. >> first of all we all know certainly the number of trends have been accelerated by covid. and the reality i think if we look at the space, the whole area of payments is very, very

exciting area that i think represents tremendous opportunity for investors and certainly for our founders, i think will continue to see a proliferation of meal banks. i think the whole area of the a.i.'s machine learning, whether it's enterprise but frankly it's got impact all aspects of business. jack: it sounds like even in a pricey market, general will find some investment opportunity. thank you so much for joining us. >> thank you very much. jack: coming up more on the technology that will shape the future business in the market we have a panel of experts, that is next. ♪

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jack: as barron's marked its 100 year anniversary were looking into the future we convened a panel of experts to identify the innovation and trends that will shape business and investing opportunity in years to come senior managing editor joins a roundtable, thank you so much, it's good to see you back. >> i am happy to be here. jack: you had a fascinating conversation with three insightful investors of what the next 100 years may hold the discussion sword to interplanetary business but the most profound changes may take place within our own bloodstream. >> i think you're referring to questions of the future biology and many people have said the

20th century was a century of information technology but the 21st will be the century of biology and we had an extensive discussion about the intersection of technology in biology and how this will feed drug discovery and a low work and cost and better outcomes for patients many things happening the world biology our own trajectory better of the moore's law, which revolutionized information technology. jack: continuing on the bio theme, yahoo founder jerry yang told you he has interesting ideas about where manufacturing is going. >> yes he talked about bio fracturing which is biologically in manufacturing, he mentioned an interesting company involved in this area the company emerge in and they're using to produce

insect repellent and screens, it is a fascinating area, there's a lot of money going into investigating the future of bio fracturing. >> just curious if there is any discussion about the future of food as the world population is close to 10 billion and logistically that could not have enough food for the population. >> is going to be a big issue in the future and there's a lot of money going into free technology and as you mentioned it's going to be hard to sustain the planet based on food production that we use now, there was a discussion about cultured meat, we know about trance based meat but culturally using animal tissue it could help you buy the cow, i suppose but we talk about robotics and farming in a lot of different technological developments that will make food

production safer, faster and better. >> lauren, one of the panelists say joyce coyne to bitcoin will be 100 years from now or other broader thoughts of the future for crypto currency? >> i forgot to ask that question about dogecoin to bitcoin but i thought their comments about crypto and general were pretty interesting, they don't know quite what to make of it just as many of us, but hearing her speak about she said bridgewater, crypto and something that will take us into the next error of different historical value and this can be particular value in a money printing world after all crypto doesn't have an internal rate of return, it doesn't have fundamentals, it's hard to know

how to evaluate when you're talking about dogecoin or bitcoin or any other coin i like what yang said he doesn't know what's going to be the winner, personally he has a basket of all of them. jack: jump in here, lauren look into the crystal ball who's gonna win economically the u.s. or china. >> i think the answer is both, the panelists discuss it incredible onto venereal spirit in china and how battle hardened chinese companies have become as a result of the competitive other marketplace in the fact that they haven't really seen the entrepreneurial focus outside of the west and ethic it's very possible that you could have two separate ecosystems of entrepreneurship and competitive companies in the future. jack: all finish with one thing i found interesting in the story the panelists do think capitalism will survive but in order to survive has to change a little bit.

i recommend everyone read the story, lauren pulled that together and she's a roundtable guru, thank you for coming on the show. >> take you for having me. jack: 21 years ago this spring barron's correctly called the top of the.com bubble. stay right there. ♪ cell phone repair. did you know liberty mutual customizes your car insurance so you only pay for what you need? just get a quote at libertymutual.com. really? i'll check that out. oh yeah. i think i might get a quote. not again! aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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jack: jack as part of our 100 anniversary celebration barron's created new invest of stocks that are likely to be the most and from lintel names is called

the barron's future focused stock index and uses focus on barron's.com it's an interesting combination part of the index consists of the next 50s, innovation in 2016 as a way to identify companies shaping the future, the rest were picked as corporate effectiveness research from the institute helped us out and effective management under peter of course. >> barron's approach as well people in the company the drucker approach did well that was a formal approach this is people coming together with robots and trying to take stocks. jack: is done quite well, this year's been index we look back farther beating the index and it's a really interesting mix not just doom and shopify that we expect but dear and walmart. >> innovation and adaptive, if i start doing zoom calls from a

deer tractor, would you call me more innovative or more adaptive, i will call you a lot more frequently because i would like to see that, it is time to move on to investment ideas, i'm going to start with carlton. >> i'm taking a look at it from going into earnings, it's one of those companies that eddie huge run-up in the ipo in january told off by half, when you look at the solid result that square, shopify earlier had a couple weeks ago, also the popularity, i'm curious to see if the firm can pick up ground? jack: what is your idea, cvs, gamestop saga but is condoned recently, is trying to make the shift from digital and the legacy businesses and castro could do that, they were better than expected, looks like it might be able to, the stock fell 4% this past week, but it's looking pretty interesting here. jack: i really got hammered

after that, the 1927 it was founded, it's almost as old as barron, thank you for those and check out this wheeze addition at barron's.com, don't forget to follows on twitter at barron's online, that is all for us, happy mother's day, we will see you next week on "barron's ht. ♪. larry: hello welcome back to "kudlow" i'm larry kudlow, great to be here. today's jobs report gave us the biggest myths in history, how's that, 266,000 new jobs, the entire economics profession including me expected around a million. so it goes, stocks loved it. they absolutely adored it because it probably guarantees more free money from the fed