their personal security things get very ugly, usually for democrats. gerry: thank you to charlie hurt and tammy bruce, right after this at 10:00 o'clock. pray thank you for joining us will be back next week with more wall street journal at large, than j j joining us. >> "barron's roundtable" sponsored by invesco qqq. jack: welcome to "barron's roundtable" where we get behind the headlines and prepare you for the week ahead. i am jack hough in for jack otter who has the week off could be fishing or cycling or doing both at the same time right now. coming up sec chairman gary gensler calling for more crypto regulation. jan beneke will tell us why

investors need a bitcoin etf, videogame stocks had a rocky week, what in the donkey kong is going on in the industry and how should investors react we begin as always with three things investors should be thinking about right now the july jobs report showed a game of 943,000 jobs, hot diggity dog but what does it mean for the labor shortage, inflation in stocks, wild swings for robinhood since it went public last week is it a meta- mean stock also what the heck is a meta- meat and no metamucil but i don't think that is related. jack: sometimes i wonder if

that's going to be good or bad good for stocks, i guess good good, what do you think. >> this is fantastic, it was a kind of good, not only do the coming 900,000 jobs in july, but 900,000 jobs in july but the due number was advised and these are the kinds of numbers everyone expected to see for a while and they're finally coming in that helps all stocks particularly sensitive ones, s&p 500 at all-time highs, and then it was down friday at a near all-time high across-the-board this is the numbers that we wanted to see. jack: i was gonna make you a good new sandwich and bombs in the middle but it looks depressingly low but the cup tire on the jobs report, what do you make of that. >> yields have been very weird

they continue at face value and go down and that usually means things will be bad with the economy but the fed has been buying so many bonds that it's hard to know if it's a case of being a buyer who doesn't care about price pushing the prices up and away. in this case the bond market after the way that you hope the bond yield rose quite a bit. they fallen below 1.1 and 3% earlier this week and finished up close to 1.3% that's a great move and what we want to see. jack: have we reached earnings and how long do we get to stay here. >> earnings were great but we knew they would be great because things were so bad one year ago the numbers are almost doubling the numbers from a year ago, what people want to see they want to see solid earnings growth not from 2020 but 2019 and no looking closely and looking at margins and if companies are able to deliver solid growth the stocks are being rewarded in the markets

there would be corrections on the way of the earnings continue to grow the way that they are the market should keep heading higher. jack: let me go to you, robinhood had it rocky start but is been shooting higher lately, what do you make of the valuations, does it make any sense to you you can tell me read it, emojis, to trace. >> the stock is up 72% since the ipo that was not much more than a week ago of 50% since wednesday i can't make an evaluation call in this market but i can tell you that a disappointing ipo it was worth about $30 billion, now it's worth about $50 billion, these are big numbers considering that the company makes most of its money on payments for order flow which we talked about before but really what you need to know it's under a regulatory clock, there's no way to know what the future for robinhood hold. jack: i have not seen signs that

the excitement is spreading with the memes stocks, have you and what to her friends at market watch mean when they called it a meta- mean stock. >> that's a great name, i don't think there are signs that is spreading it seems like gamestop in amc are the favorite stocks and all the attention has gone to robinhood in the past week. then i mean, what do they mean the idea that everything is come full circle. so robinhood is still debated the meaning craze, it really helps retail investors, now robinhood is the meta- meme idea. jack: month some companies are putting that off what do you think it means does it stretch our recovery up? >> i think it definitely has some uncertainty into the real pretty we have amazon, blackrock and apple pushing their return to work landslide by a month or

even to 2022 as you mentioned what that means for the businesses that support workers, the businesses that reliant commuter traffic, recovery is going to take a while to get to the pre-pandemic level it does stretch the reopening but also the longer we have the work environment it's going to exist past the pandemic and be more permanent way of working. >> or cover story is about this move in the office there was some flex work stop pics let's get to one or two of them, weight watchers i think i know what the appeal is i'm going to hide my chin fat while you break it down for us. >> i'm in a second while i talk, for those who are going back to work the realizing the dresses might not fit as much so they might turn to weight watchers but weight watchers is called ww no it's more of a healthy lifestyle, theft act now with coaching, recipes, athletics and things like that. jack: another thing hudson

pacific hollywood real estate name, thank you, coming up he will explain why he thinks they need a crypto etf, that is next. need a crypto etf, that is next. ♪ they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you

you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq (vo) singing, or speaking. can i reason,e chip? or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. ♪ ♪ ♪ ♪ ♪

♪ ♪ this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. to run a growing business, is to be on a journey. and along the ride, you'll have many questions. challenges. and a few surprises. but wherever you are on your journey.

your dell technologies advisor is here for you - with the right tech solutions. so you can stop at nothing for your customers. jack: this week gary gensler said the crypto sector is right with fraud, scams and abuse and it needs more regulation my next

guest says it's time for bitcoin etf jan van eck joined me now. do you agree or disagree with the comments by the chairman, what do you think it means for your plans to bring out a bitcoin etf. >> thank you for having me on and look forward to being part of the discussion with the regulators about all the things that are going on but having said that i 100% agree with the chairman's priorities, i think the headline about being full of the wild west is a little apocalyptic but if you look through that statement when he's basically focusing on is a great define and it's actually giving a green light or yellow light to bitcoin and bitcoin fund specifically a future bitcoin mutual fund that went live in the last couple of weeks and

improving bitcoin futures etf, it's a more nuanced view and i think he has his priorities straight, just to put things in context about $100 billion in stable coins and next growing fast in about a 50 billion in d5, that's what he's focusing on those fast areas that have a lot of? around them. >> to have a prediction about what investors have access and why do you think we need a bitcoin etf. >> within the etf first of all why do investors have exposure to bitcoin and we as a firm came to it as being a long-time golden password and said the senior financial portfolio stocks and bonds should be the vast majority of your portfolio but with this massive expansion in monetary policy and fiscal

policy maybe you want to hedge, gold has been the hedge but since 2017 we said investors should be adding bitcoin to the mix because it's not clear what investors will turn to if they need that protection in their portfolio, that's the wide bitcoin and frankly american online bitcoin, our point in regulatory mice is a physical based etf rather than a future spacey etf and when you invest in future, there is a lot of slippage if you will from the underlying price, we've seen that in the commodity markets and also investors know it can deviate as much as 20% from the underlying price, why not do what canada and europe has allowed which is the direct bitcoin fund if you're going to greenlight the bitcoin product. >> you mentioned gold we had

inflation of more than a dozen years, do you think that higher rate is sticky or it will soon pass, why do you think gold hasn't responded more. >> we have a raging inflation within her shop and i think we just don't know whether inflation will be sticky or not, is it just the shortages relating to covid or on the other hand were the be something pernicious and how to affect wage inflation in the way i put it we won't know until the second half of next 22022 whether we get that were not the market is saying you know what i think will return to the deflationary world that's why golds not raleigh but i really have to say we don't know you want to have that position as far as i'm concerned. >> i want to pick you have a lot of themed funds in the low carbon fund you have a gambling fund and then to be jk like blackjack, suppose i'm a boring s&p 500 investor but i want to

make one themed back on the side what is this theme they get you most excited what should i look out for the next ten years. >> you can't say all of them you have to pick one. >> i have one and i think the most undervalued part of the market is natural resource stocks in a say that because if so much negative news price and a ten year bear market in commodities, commodities that have rallied one is up over 20% tissue but the stocks have logged there's esg overhang in over energy stocks but the way that we see as the world economy is vibrant there's many supply constraints in commodities and we have a bull market for commodities i think the stocks will catch up you have stocks of the backward looking meals including special dividends of 10%, the companies and gold-mining companies are

printing cash, i think their day will come in the next couple of years. so it's not particular in etf but is natural resource equity. jack: oil investors are squeezing the remote controls and cheering on, thank you for coming on the show, coming up videogame stock 10-cent tank after chinese called opium for the mind, it sounds bad tylenol for the thumbs for gamers but opium i'm against it, what is next for china's videogame market in america, that is next. ♪ so then i said to him, you oughta customize your car insurance with liberty mutual, so you only pay for what you need.

hot dog or... chicken? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ experience our advance standards safety technology on a full line of vehicles. at the lexus golden opportunity sales event. get 1.9% apr financing on the 2021 rx 350. experience amazing at your lexus dealer. ♪all by yourself.♪ you look a little lost. i can't find my hotel. oh. oh! ♪♪ this is not normal. no. ♪♪ so? ♪♪ right? go with us and find millions of flexible options, all in our app. expedia. it matters who you travel with. hi, i'm debra. i'm from colorado. i've been married to my high school sweetheart for 35 years.

i'm a mother of four-- always busy. i was starting to feel a little foggy. just didn't feel like things were as sharp as i knew they once were. i heard about prevagen and then i started taking it about two years now. started noticing things a little sharper, a little clearer. i feel like it's kept me on my game. i'm able to remember things. i'd say give it a try. prevagen. healthier brain. better life. why choose proven quality sleep from sleep number?

because a quality night's sleep is scientifically proven to help increase energy and improve recovery. and it keeps you at your best all day long. the new sleep number 360 smart bed is temperature balancing. and it helps keep you asleep by sensing your movement and automatically adjusts to keep you both effortlessly comfortable. proven quality sleep is life-changing sleep. only from sleep number.

jack: it was a wild week to be invested in videogame stocks, chinese media into media take 10 cents in gaming stocks are lagging during the reopening. but there are stocks investors should consider, barron's deputy editor tank enthusiast fellow practitioner of the podcasting, let's start with china what does it mean for investors? >> like you said this is a really tough week for video games, with chinese state media calling opium for the minds 10-cent was down 10% at one point on that news and investors are worried that this faux

shadows eating another crackdown from chinese authorities, keep in mind 10 cents is not a small company this company is worth more than $500 billion. this is really worth paying attention to. and were broadly speaking and worth noting games have dealt with these issues themselves there's been criticism in the past about the videogame makers encouraging gambling among its users and addiction so i think this does hit home for a lot of videogame world not just in china. jack: china hasn't had all the videogame drama lately. bring us up what's going on with activision. >> it was sued by a california agency which accused the company of a frat boy culture, the company's own workers can be followed up with a petition criticizing the companies, by this week it was reporting earnings that are taken more seriously, and the earnings

report i saw something that i've never seen before rather than talking about the numbers at the top of the press release, the company ceo was quoted at the very top that activision was committed to estate environment employees, this is worth watching the stock is been hit hard by this, game majors after all about the in-house, that they have, i think their risk for activision if employees leave over the issue. >> i wanted to go look at the broader industry we heard from a number of them, is there concern that this might be as good as it gets for the industry. >> i think it's a very real concern the stock had a tremendous 2020 run with everyone stucco home now with a lot of tech stocks everyone is wondering what's happened as things get back to normal the videogame stocks have badly trilled the market 2221, the only negative territory with the s&p 500 close to 20%, there's

evidence that the reopening is waiting on results, the things i would point to on friday did go immobile videogame maker saul stocks plan 20% and it was because the ceo told investors that its customers were playing left and going outside he said. jack: ben has a question on videogame console, he wants to brag about getting his hands on the ps five. >> it took me eight months to get my kids ps five i promise for his birthday i don't know if i should brag or feel guilty but you did get me thinking are console makers going to be able to solve the supply issue or are the kids that want the xbox and ps five going to be disappointed come christmastime. >> i'm sad to say is great to be a tough holiday for videogame players, there's not a lot of clues to suggest the chip shortage and other shortages, were starting to hear the year

2023 thrown around when it comes to the chip shortages, it's hard to imagine that the consul shortage going on for almost a year is going to get better anytime soon. jack: stocks to buy now anything out there to like. >> are calling who covers video games has suggest it may be a bright spot in the group, the company had a solid quarter and it hasn't been distracted by scandal it has an acquisition spree in the company just said there could be more details to come. jack: the best videogame of all time, you cannot say solitaire, go. >> paxman. jack: a little too gender charge for my taste,. >> super mario three. >> i have to go with the original super mario brothers which sadly i'm still trying to win. >> the answer is combat on the original 2600 atari the one that

shoots the little planes and you shoot them again, up next roundtable members give their investment ideas for the coming weeks, stay right there. ♪ i'm morgan, and there's more to me than hiv. more love, more adventure, more community. but with my hiv treatment, there's not more medicines in my pill. i talked to my doctor and switched to fewer medicines with dovato. dovato is for some adults who are starting hiv-1 treatment or replacing their current hiv-1 regimen. with just 2 medicines in 1 pill, dovato is as effective as a 3-drug regimen... to help you reach and stay undetectable. research shows people who take hiv treatment as prescribed and get to and stay undetectable can no longer transmit hiv through sex. don't take dovato if you're allergic to its ingredients or if you take dofetilide. taking dovato with dofetilide can cause serious or life-threatening side effects.

hepatitis b can become harder to treat while on dovato. don't stop dovato without talking to your doctor, as your hepatitis b may worsen or become life-threatening. serious or life-threatening side effects can occur, including allergic reactions, lactic acid buildup, and liver problems. if you have a rash and other symptoms of an allergic reaction, stop dovato and get medical help right away. tell your doctor if you have kidney or liver problems, or if you are, may be, or plan to be pregnant. dovato may harm your unborn baby. use effective birth control while on dovato. do not breastfeed while taking dovato. most common side effects are headache, nausea, diarrhea, trouble sleeping, tiredness, and anxiety. so much goes into who i am. hiv medicine is one part of it. ask your doctor about dovato-i did. ♪♪ ♪ ♪ ♪ ♪♪ ♪ ♪ ♪

hey google, turn up the heat. ♪ ♪ ♪

jack: alex we talked earlier in the show about robinhood's seems a good place to fling around investments you're embarrassed to tell your friends but on the other side you combine something sensible and forget it an advisor is a one way to do that, we have a story on the rankings why should i consider a robo advisor and give me the names of three of them to take a look at.

>> before everyone is crazy, there nesting for the long-term using etf it was a smart strategy and robo advisors were built to do their software driven platforms and automate your investing based on risk tolerance acosta most nothing in $800 billion in assets in these robe was up about 25% over the last year and i would encourage everyone to check out the latest rankings the top three are so fine and e*trade. jack: e*trade is the one that had the chimpanzee riding a horse. actionable ideas, what you have for us? >> on borrowing from andrew berry yielding about 5% next year is projected to know little bit more than exxon mobil. jack: always a good idea to borrow from andrew.

jack: everyone is worried about peak growth if they put those stories aside bank stocks could do well, it is cheap and a fast grower and it's worth a look. jack: great ideas, think your. to read more check out this week's barron's magazine or online appearance.com, don't forget to follow us on twitter at barron's online. that is all for us, see you next week on "barron's roundtable". >> from the fox studio in new york city, this is "maria bartiromo wall street". maria: happy weekend everyone, welcome the program that analyzes the week that was in helps position you for the week ahead, i am maria bartiromo one-on-one with jamie dimon coming up my exclusive interview with the j.p. morgan chase chairman and ceo, i asked him about the jobs market and his plan to get staff back in the office, concerns over the delta variant and i wanted to know about his big push to do more bu