applications for the economy we will be following that story here next weekend, join us next friday 7:00 p.m. eastern and 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 busines

it's toxic. it's sort of been known about. but this story was pretty hard hitting. what do we know this is definitely going to affect companies like at and t

and for us, and you actually saw a t and t recently hit a 30 year low. if you can imagine grandma exactly now to note over the last few days, it's been a bumpy or stock as we try to figure out what this is going to mean for those companies. the question is, do they use telecoms have to remove these cables? and if so, at what cost estimates are all over the place. it's here, but at the highest level, you're looking at a costing maybe up to about $60 billion to actually remove these cables. now to be fair, the companies have said they're looking at. they're taking it seriously, not quite clear if they plan to remove it because some of them were saying may actually be more dangerous to remove this then to just leave it where it is back to investing. these yields around 8% are those safe, definitely look enticing and our l route at the fantastic number cruncher that he is to take a look at it. if you're looking at that $60 billion figure that i mentioned a t and t that would mean taking on debt of about 35 billion, but they have enough cat free cash

flow to cover the dividend at that point still need to highlight the fact that highly uncertain area. a lot of these litigation around lead issues they can go on for years. so it is a moving target. but for right now, the data in math that we have states it up, jack. i would love to just put a token into a slot and have a car come down out of the vending machine. and that's actually possible the carbon eventing, which means they're not cheap. the company has never had a profitable year. that might be part of the reason why i want to talk about the volatility of stock. they've been 57 trading days since may. on 21 of those trading days, carbonneau stock has gone either up or down by more than 10% in a day. that's not investing that is like juggling chainsaws and cupcakes. and even if you like cupcakes, that's not an attractive proposition. this past week, the stock jumped 40% in a day there was news that lenders elect carbonneau restructure its debt. it might be able to issue new shares. the flip side of that is that it needs some financial help to

begin with. the company's been burning a lot of cash in recent years, and the used car business is getting more difficult. carbon is part of this trend of chat room traders who are buying these heavily shorted sort of broken former momentum stocks and riding them higher. it's a i would i would call it i would call it hot garbage bounce. basically there's an e t f of these type of stocks out there. it's called the round hill mim e t f the tickers meme. it's up 59% year to date. carbonneau is the biggest gainer, three of the other top performing dance. i'm just gonna hold my nose while i read these real quick riot platforms are iot marathon digital m a. r a and upstart holdings. pst crypto a lot of ai lending in there, ok, so just like you have no recommendations about juggling chainsaws. i guess you can say don't buy these stocks already. thanks remember the boy who cried wolf ? the wolf eventually showed up. economist david rosenberg says the same holds true for recession. that's next.

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decidedly not in that camp. you know all the rhetoric about the soft landing reminds me of when i was at mother merrill back in 2007. and you know the fact of the matter, jack is that we are and have been for the past year in a soft landing. and you know, in 2007. we were in a soft landing and in 2000, we were in a soft landing and in 1989, we were in a soft landing and 1979 . we're in a soft landing in the soft landing is just the bridge . the road between the economic expansion and then in the aftermath of the fed tightening cycle. ah the inevitable recession. so the soft landing, you could argue as the current reality, but the question that has to be answered is what will the headlines be reading? you know, 69 12 months from now, not what they're reading today. so i would have to say that after the most pernicious fed tightening

cycle since 1981 and we know that 1981 was followed by 1982, which was a recession that nobody outside of my good friend gary shilling was calling for this is just a bridge. right now . the economy is actually holding in, but it's still very soft. when you average out all the various economic data. it's an economy barely running out of 1% annual rate. it's soft, not negative. but all the lags from what the fed has has already done hasn't kicked in yet. that's still staring us in the face. the economy resets the interest rates in both directions with lags. so i think that the recession has been delayed. you could argue, but it has not been derailed. and i think that in the next quarter or two, it's going to become more apparent. so the light at the end of the tunnel is actually an oncoming train. but the inflation picture, i guess would be good in your view if

these very aggressive fed rate hikes their goal is to slow down the economy they have done. so is inflation on the way out. uh well, inflation. look, we've already come down a long way. i find it fascinating how people talk about how inflation is going to be sticky. it's so incredible. you know, it was supposed to be transitory. we've got 2 9% from zero in about an 18 month span and within a matter of a year, we're down to 3% on the headline inflation rate. and of course, the core rate inflation has come down more slowly, but that's because 40% of the core index is residential rents, owners equivalent rent and actual rents and the way that they are calculated by the bureau of labor statistics. they're still they still include, um you know, leasing activity that was done. 12 and three years ago when the rental market was very tight, that's going to come out of the data. you know the rental

components or a third of the headline cpi 40% of the core, and it's still running 8% year over year, even though real time data on residential rents is running between zero and 3. so if you get the rental components of the c p i right, you'll get the inflation call, right? i'd say, jack, look in the next month or two. we're going to see inflation. pull a little bit of a hiccup here, you know, thanks to saudi arabia and thanks to vladimir putin, because we've seen wheat prices go up, in fact, in the commodities market, the futures market you see in a pretty big increase in all prices off the lows. and in the agricultural complex question is that whether that's going to 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 feds going to react to that. the question is really sustainability. but if you're gonna ask me the question, say in the next six or 12 months, whereas inflation going to be the answer is that it's going to

be a lot lower than it is today. and right now it's 3. i think a year from now it's going to be closer to 1% and 3% and even if we don't get any more help from gasoline prices or even food, we have to remember that the most dominant component of the cpi is residential rents. david going to be yeah, so that's going to be a very beneficial aspect to that. thank you for that. i just before i let you go. i would like to get one investment idea from you that caught my eye, which was what you called green commodities used. they've come down a lot. and you think this might be a buying opportunity? yeah, absolutely well again. that's a you know, that's a secular theme. and you know, we can understand. just look at the floods and look at the droughts and the heat. climate changes for real. uh and these are areas the green energy complex, and i think clean energy in particular , um, that has been under invested and the demand is not

going to be going away on a secular basis. so i'd say if you're not talking about buying the depths, commodities and especially related to the revamping of the energy grid in the future is going to be very important. and i think a great investment opportunity thank you. for that. we showed the vanik fund, which is one way to get exposure. david rosenberg. great to have your thoughts. we'll see how it bears out over the coming months. i really appreciate it. thanks jack. take care you too, so it's never too early to start thinking about your tire mint plan, and we'll take a look at annuities with the best returns. that's next. when you can't watch listen. the latest news business and news headlines on sirius xm anytime anywhere news audio on sirius xm america is listening. there you get your clear choice. dental implants changes your struggle with missing teeth forever changes how you eat, how you feel and how you enjoy life. it

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increasingly tasty payouts. barons this week does a deep dive into these controversial financial products. ben traditionally annuities were those things that were sold not bought. that has been changing a bit recently. it really has, i think, partially, it's because of the way people have been retiring has changed. we don't get pensions and these things are insurance products and they pay you pretty. nicely. they give you a and annual payout that stays the same until you pass away and they have been hot right now. last year we had a surgeon, 23% to 312.8 billion of these were bought and sold. um, and that's because they're offering very nice yields 5.2% and that's compared with about 4% on a five year treasury, and so you get this kind of study payout, and that is very attractive, and it's been helped by these higher rates from the fed. we have to watch out for fees. they can be very expensive. the baron's list we had a top 100 look for ones with very low fees, and but he also

to remember that their tax deferred so the money put in. you're not paying taxes on, so don't put it in an ira. i think the best way to think about these is as a supplement to your social security. if you have payments to make on your house or a car and things like that. that's a great way to make sure that you have an income to pay for it. and you can let the rest of your finance your investments. do what they need to do. got it. so one important thing here jack is there's nothing magical about annuities. they take your money, and they invested in the same stuff that we talked about every week, stocks and bonds. which raises the question of why couldn't you just do that for yourself? why would you give the money to the insurance company? do it for you? well you could do it for yourself. i mean, this is for someone who doesn't want to, or isn't into you know, figuring out an investing portfolio. they want to take a chunk of money, and they want to turn it into an income that's going to last for the rest of their lives. that's the key within annuity. it's an insurance it is not clear if he had an

affair or wrote indiscreet letters back and forth. it'd come up as a potential campaign at 1912. teddy roosevelt would not use it. he thought no one would believe it because he was such a nerd. he said no and woke

you know you have enough to live off of now, if you're looking at something like variable annuities, you know you might get more upside, but with that you're going to have greater expense. so i think the most important thing with this into some of jack's point earlier is you have to think about why do you want this product? what is its purpose and its portfolio? what are your concerns, whether it's for your life or

potentially areas that might be getting some of these payouts as well and figure out? are you paying the right fee for that sort of thing, so just understand. in the purpose of it in your financial plan, and are you actually getting what you're paying for with it? if you want to avoid them, jack, we got about 30. seconds left. you are taking a look at bonds this week. you know the thing you can get 5.3% of short term treasuries. if you go out 10 years you only get 3.9% you know nerds call that an inverted yield curve, but it's really severely inverted. it's about as inverted as it's been four decades as a sharp drop off, but i spoke with him shrub this past week about this, too many people are keeping their money too short that that sharp fall off means the market thinks that yields are going lower. you should lock in some longer yields now, they say. go with corporate instead of treasurys on five or 10 year money. you can still get 5 to 5.5% on high rated corporate bonds, which have a very low default rate already, you guys have a pair of stock picks coming up. plus jack says america's factories are

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for a limited time when you buy one, my pillow 2.0, you'll get another one absolutely free. i don't know. jack for years, people have lamented the loss of manufacturing jobs in this country. are we finally seeing that reverse coming back? us factory construction spending hit a record high last year. companies like intel, gm us deal eli lilly, many others building new plants. america's share of global foreign direct investment . someone out there is drinking a glass of milk right now. i want them to take time and swallow. i do not want them spring milk. on the person next to them when they hear this amazing figure america's share of global foreign direct investment hit 24% over the past two years. that's up 8% points from the average from the decade before. in other words, money is flowing into the us these are

all signs that the reassuring that we theorized about during the pandemic is really happening . manufacturing is bouncing back . ups says that trend could last through the end of this decade and next one. that is good news for stocks that are tied to factory. construction hubs like rockwell automation, eaten emerson electric and train technologies. i think that's good news, right? i'm excited about that on ambiguous good news already, let's go to actionable ideas unambiguously actionable. what's yours? carlton might be a little ambiguous here. i'm taking a look at goldman sachs. the bank has had a tough time had some serious right dances quarter missed on earnings. i don't want to say that all of the bad news is behind it. but it's trading at book value, which has this just above book value, which has historically been a good spot to get in. really, the bank does not have to do much more to improve. just get a pick up in dealmaking, and it's looking like a good entry point right now, ben for people with bad knees, you've got an actual idea. looking at medtronic. it's been a laggard in the medical device space. but this whole

group is starting to pick up now because people are finally going out and getting these procedures . and so here's a stock that bottomed in march. it's been rallying a little bit since then. but now it's at its highest level since may. and if you can break above 92, i think there's a lot of good upside ahead. it's one of the last reporters of the med tech stocks so we won't get results from it until at the end of august, and that gives us this room to run as the other start reporting already both good ideas, jack, thanks for the good news to read more. check out this week's edition at barrons .com. 100 annuities don't forget to follow us on twitter that's at barron's online and that's all for us. we'll see you next week on barron's roundtable. from the fox studios in new york city. this is maria bartiromo's wall street. happy weekend to all welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. thanks so much for joining us fiery week on capitol