i'll be joined by sean o'brien right here on wall street i'll see you on fox news channel the sunday 10:00 a.m. eastern "sunday morning futures" is live exclusive interviews with former president donald trump, house judiciary jim jordan in 2024 presidential candidate robert f kennedy right here on "sunday morning futures" on fox news at 10:00 a.m. on sunday that will do it on fox business. thank you for being with us have a great rest of the weekend and i will see you next time. >> "barron's roundtable" sponsored by global exit etf's. >> welcome to "barron's roundtable" where we get behind the headlines and prepare you

for the week ahead i am jack otter. >> wall street is an optimistic that we may avoid over recession david rosenberg sees it differently and i'll ask him why he things a slowdown is inevitable. guaranteed payouts are panel will explain which annuities are best for income for your retirement. later america's factories are makingomake a look at what industries are growing in the investment opportunities. we begin with three things investors out of thing about right now. a big win for the dow but big tech slumped hurting the nasdaq a slew of key earnings move the market then at&t and verizon hit hard after wall street journal reported toxic lead are coe stocks used car car vona is one of the most volatile stocks should you play the mean rally, then level until 11, carleton english and jack hough. >> the great l rotation from teh

stocks never materialized but this was a big week for the old economy. >> they say every dog has its day but the dow had ten days in a row of gains the longest winning streak since 2017. it's because people felt like maybe we had enough tech were to buy other stuff and they bought banks, goldman sachs is in the dow and that helped a lot. on the other hand earnings from tesla and netflix that were okay but not enough to push the stocks up higher after they gained so much that pull down the nasdaq which finished the week .6%. >> the big rally shaft have earnings to justify shortly were served 140 stocks have hit 52 week high since may that feels like a nice broad need that we've been waiting for. >> we see stocks of people hated and the banks going up we had

zion bank, they went up more than 10% on earnings but the downside when you have the big stocks like tech giants that are lifting markets up when they're not going up that can pull the markets down that's why you sell the nasdaq down in the dow notg for. >> everybody knows they're going to hike rates and the betting is that is going to be at. and the fed might come into this and look at the stock market and say this is feeling frosty and tamp down the risk-taking and sound a little more hawkish. if that happens you can see a few more losses like you did this week. jack: the wall street journal shifted the market with a report about the sprawling network of lead encased cablel the u.s. it i know.

>> this will affect cavities like at&t and verizon and we saw at&t hitting a 30 year low if you can imagine. to know over the last few days of bumpier stock and what this will mean for the company's the question is do the telecoms have to remove the cables and if so at what cost. estimates are all over the place but at the highest level you're looking e fair the companies are looking at and taking it seriously not clear if they plan to remove it seriously and it may actually be more dangerous to remove this then to leave it where it is. >> let's bring you back to investing the yields 8%. >> they definitely look enticing in the root of the fantastic number that he is did take a look at it every looking at the 60 billion-dollar figure and at&t taking on debt of

35 billion but they have enough cash flow to cover the dividend at that point and they need to highlight the fact that highly uncertain area a lot of the litigation around led issues can go on for years it's a moving target but the data stands up. jack: jack i would love to put a token into a slot and have a car come down out of the vending machine and that's actually possible. >> the car vona vending machine is not cheap they never had a profitable year that's part of the reason why i want to talk about the volatility of the stock 57 trading days since may on 21 of those car vona has gone up or down by more than 10% in a day that is not investing that is like juggling chainsaws and cupcakes and even if you like cupcakes that's not an attractive composition it jumped 40% in the day news that they let carvana restructure its debt. they might be able to issue new shares. the flipside it needs financial

help to begin with, the company has burned a lot of cash in the recent years and car business getting more difficult as part of the trend o them higher. i would call it hot garbage bounce. there is an etf of the stocks out there called the round hill mean etf is up 59% year to date, carvana is the biggest gainer and three other performers and get a hold my nose riot platforms, marathon, digital, nara and upstart holdings uts t a lot of crypto and a lot of them a.i. lending. >> just like you have no recommendation about juggling chainsaws. stay away. remember the boy who cried wolf the wolf eventually showed up economist david rosenberg says the same holds true for

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like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. jack: a decision from the federal reserve is days away and markets are optimistic that the expected rate hike will be the last of the tightening cycle it is a soft landing for the economy wishful thinking joining me rosenberg president and founder david rosenberg, thank you for coming on the show in canada where it is a little bit cooler. >> up here in canada we have three days of summer and this is it thank you for having be back. >> i've seen a lot of commentary

that we might avoid the predicted recession that you are decidedly not in the camp. >> all the rhetoric about the soft landing reminds me when i was at mother merrill daca 2007 and the fact of the matter we are and have been in a soft landing and in 2007 we were in a soft landing and in 2000 we were in a soft landing in 1989 we were in a soft landing in 1979 we were in a soft landing it is just the bridge the road between the economic expansion in the aftermath of the fed tightening cycle, the inevitable recession the soft landing is the current reality but the question has to be answered what will the headlines be reading six, nine, 12 months not what the reading today. i would have to say after the most pernicious fed tightening

cycle since 1981 in 1981 is followed by 1982 which is a recession nobody outside of my greg shelling was calling for this is a bridge right now. the economy is holding on but it's still very soft. when you average out the economic data et cetera 1% annual rate it is softn yet, thg us in the face the economy to interest-rate in both directions with lags. i think the recession has been delayed you can argue but it's up and derailed into thinking the next quarter or two it'll become more apparent. >> the light at the end of the tunnel is an oncoming train but the inflation picture would be

good in your view if the very aggressive fed the goal is to slow down the economy, they have done so in his inflation on the way out? >> inflation we were to come down a long way. i find it fascinating how people talk about inflation is going to be sticky. it's so incredible it was supposed to be transitory we got to 9% from 0 and 18 month span and with the matter of a year 3% of the inflation rate in the quarter rate of inflation has come down more slowly but that's because of 40% of the core index is residential rent there is equivalent an actual in the way that they are calculated by the bureau of labor statistics they still include leasing activity that was done one, two and three years ago when the rental market was very tight that's going to

come out of the data, the rental component is a third of the headline cpi 40% of the court in its running 8% year-over-year even though real-time data on residential rents is running between 0 and 3%. if you get the rental components of the cpi you will get the inflation call right. i say in the next month or two we're going to see inflation pull a little bit of a hiccup thanks to saudi arabia and vladimir putin because we've seen wheat prices go up in the commodity market in the futures market you see a pretty good increase of the oil prices off the lows and the agricultural complex. the question whether that will be sustained i don't think it will be but the next couple of months i think inflation might hook up a little bit i don't know how the fed will react to that the question is n going to be.

the answer it is going to be a lot lower than it is today and right now it is 3% year from now it's going to be closer to 1% and 3% and even if we don't get anywhere help from gasoline prices or even food we have to remember the most dominant component of the cpi is residential rents. jack: that's going to be a beneficial aspect to that. >> thank you for that, before i let you go i would like to get one investment idea that caught my eye when you called green commodities they have come down a lot and this might be a buying opportunity. >> absolutely that is a secular theme and we can understand look at the floods and the droughts in the heat, climate change is for real and these are areas the green energy and green energy in particular is under invested in the demand is not going to go

away on a secular basis. i say if you talk about buying the depths, commodities and especially related to the revamping of the energy grid in the future is good to be very important and that's a great investment opportunity. >> thank you for that we showed the fund which is one way to get exposure. great to have your. >> thank you jack, take care. >> is never too early to think about your retirement plan will take a look at annuities with the best returns, that is next. my relationship with my credit cards wasn't good. i got into debt in college, and no matter how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up.

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xfinity rewards creates experiences big and small, and once-in-a-lifetime. >> many people planning for their retirement annuities as a hop by sales hit a record of stocks and bonds fell hard but

annuity tasty play out, barron's does a deep dive into the controversial products. traditionally annuities were those things that were sold not bought that has been changing recently. partially because the way people have been retiring pensions and insurance products pay you nicely give you an annual payout the stays the same until you pass away and they have been hot last year we had a surgeon 23% to 312.8 billion bought and sold in is because they're offering very nice yields five-point to percent compared to 4% on a five year treasury so you get the steady payout and that is very attractive been held by the higher rates of the fed we have to watch out for fees they can be very expensive the barron's list top 100 look for ones with

low fees and have to remember the tax-deferred the money you're putting in or not tax-deferred don't put it in an ira, the best way as a supplement to your social security if you have payments to make on your house or car that's a great way to make sure you have the income to pay for it and you can let the rest of your investments do what they need to do. jack: there's nothing magical about annuities they take your money and invest in the same stuff stocks and bonds. >> which raises the question why couldn't you do that for yourself and give the money to the insurance company. you could do it for yourself this is somebody who doesn't want to or who is not into figuring out an investment portfolio they want to take a chunk of money and turn it into an income that will last for the rest of their lives that is an insurance company that can tie it to your lifespan instead of leaving it up in the air whether the money will last.

there is something a little bit comforting if you're buying life insurance i'm basically betting on myself dying, you have to do and buy an annuity you're betting on yourself living, you should eat healthier if you own an annuity. >> its longevity insurance so you don't run out of money when you get older. >> it's not right for everybody who might be a good candidate for annuity. >> someone who is looking for a one-stop answer on money lasting a lifetime with a big diversified portfolio doing it for themselves that she keep doing what they're doing. my main objection with annuities on the fees were atrocious there are much better options in the affordable on the feed perspective. >> there are certain ways advisor alan roth builds his annuity to avoid the extra fees of zero-coupon bonds and all of that but i see the track risk.

we put together a list of 100 annuities gives a high level view. >> good for the full hour let's get into it. the thing to start simple is best which is a fixed structure putting in a lump sum in a different level or immediately within that you also have the variable annuity if you want to take a little bit more market risk the problem with fixed is it is fixed inflation and other things i can eat away at the spending power of the money and the purpose is to supplement your income so you have enough to live off of if you look at variable annuities you might get more upside but with that greater expense. the most important thing to jack's point earlier you have to think about why do you want this product and what is the purpose in the portfolio what are your concerns for your life or heirs

that might get the payouts as well and figure out are you paying the right fee and understand the purpose in your financial plan and are you getting what you are paying for. >> we have about 30 seconds left you're taking a look at bonds. >> you can get 5.3% on short-term treasuries if you go out 10/10 usually a 3.9% nerds call that an inverted yield curve is severely inverted as it's been imported decades there is a sharp drop-off but i spoke this past week and said to be people are keeping their money to short the sharp fall off market thinks the yields are going lower initial lock-in longer yields go with corporate incentive treasuries on five or ten year money you can get 5 - 5.5% on high rated corporate bonds. >> after the low default rate. have a. stock picks coming up jack says

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jack: for years people have lamented. >> is coming back u.s. factory construction spending hit a record high companies like intel, eli lilly many others building plans america's share of global foreign direct investment in if somebody's drinking a glass of milk i want them to swallow and not spray milk on the person next to them. americans will investment hit 24% over the past two years and eight percentage point from the decade before and money is flowing into the u.s. these are

reassuring during the pandemic is really happening. manufacturing is bouncing back, ubs is the trend could last through the end of this decade in the next one. that is good news to stocks who are ubs construction like rockwell automation, eaton, emerson electric and train technology. >> on ambiguous good news. let's go to actionable news, what is yours carlton's pemmican might be a little ambiguous i'm taking a look at goldman sachs the bank has had a tough time and serious write-downs with quarter missed on earnings i don't want to say all of the bad news is behind but it's trading at book value which has historically been a good spot to get in, the bank does not have to do much more to improve just the pickup and dealmaking in a good entry point right now. >> people with bad knees you have an actionable idea.

>> med tronic in the device space but the whole group is starting to pick up his people are finally getting these procedures, here is a stock that bottomed in march and it's been rallying since then but at the highest level since may it if it can break above 92 there's a lot of good upside one of the last reporters and we will get the results until the end of august to gives it room to run. jack: good ideas, thank you for the good news, to read more check at this week's edition of barron's.com 100 annuities don't forget to follow us on twitter at barron's online. we will see you next week on "barron's roundtable". -huh! ♪ bad boys -stop! -♪ whatcha want, whatcha want -♪ whatcha gonna do -get out, now! -get out of the car, get out of the car. get out of the car! -how much have you had to drink? -nothin', baby. -♪ bad boys, bad boys, whatcha gonna do ♪ -♪ whatcha gonna do when they come for you? ♪ -show me your hands! -why are you grabbing me like this? -stop resisting! ♪ whatcha gonna do when they come for you? ♪