the best available price of tickets jumped to $289 a piece on ticketmaster spiking 71% wednesday after an nfl insider reported that taylor swift would be at the game on sunday, diehard fans shelling out in hopes of catching a glance of the megastar we will get to the update on monday "mornings with maria" 6:00 a.m. to 9:00 a.m. eastern on fox business. i will see you at 10:00 a.m. on sunday morning on the fox news channel for "sunday morning futures". i have exclusive interviews with house ways and means committee chairman jason smith, 2024 presidential candidate for governor ron desantis and breitbart news editor alex marlow join us for those exclusives, that will do it for us for now. thank you for joining us. i hope you have a great rest of the weekend and i will see you next time. >> variance roundtable sponsored

by global x etf. >> welcome to "barron's roundtable" where we get behind the headlines and prepare you for the week ahead. i'm jack otter. he data show cooling inflation that the fed might not raise interest rates again this year. i'll ask partner andy capron how investors can best position them selves and the uncertain environment, then car runners may be taking another hit to their wallet as the cost of auto insurance is driven higher, the expert panel will dive into what is causing this and how drivers can save money, later a gold rush at costco but for members only. we will explain. we begin with three things investors to be taken about right now another september slump stocks ending the trading week after new inflation data showed prices rose less than

expected in august for the month the major average was down more than 2%, plus how the looming government shutdown will impact october markets. then ford pausing construction of the michigan ev battery plant set to chinese technology and meta continues to flail in the metaverse by getting likes from investors for the big a.i. initiatives. other "barron's roundtable" ben levisohn, carleton english and our roots. once again the bond yields went up in the stock investors got spooked. >> bond yields went way way up. this is the highest level since 2007 for the ten year and it spooked the market. this was september. september always speaks the market. we ended up having the worst month of the year and bonds got crushed. the only thing that you would've done well besides cash was energy stocks because oil kept going straight up. thankfully september is ending and that could paint a better month ahead. >> october may begin with the government shutdown what you see the effect on the market.

>> is quickly there has not been an impact if you go back to 1976. the average return during the shutdown was 0%. the market does not go up or down is not a big deal. when it ends the week after and market goes up 6.6%. things don't matter all that much and it makes sense. the government gets in the way of corporation businesses do we know things. a little less government not so bad. jack: next friday we will be reporting on the jobs number. is it possible we won't get the job number. >> that's exactly what will happen if there is a shutdown, they will not be able to get the data out. that will be weird and create a vacuum for the stock market. the good news, we have the pce reading that came out with inflation rating on friday and it was weaker than expected. this is what the fed likes in the last piece of data that the fed will have that shows inflation is may be less of a problem than we thought whether the fed ends up carrying about that remains to be seen what will have to remember about that

in december. jack: the adp number the first time paid attention to it that will be the only one that they get. this time we got a fascinating thing in real time we got to see how investors reacted to mark zuckerberg. thumbs down big time on the metaverse ambition. but then they started talking about a.i. in investors perked up. >> facebook had the connect conference where they got to unload new features and announce some developing things that they're working on. exactly as mark zuckerberg is talking about the quest three which is a 500-dollar device use all shares of meta go down about 4%. the moment the zuckerberg starts off about a.i. reversed losses. if you had any doubts about how much the market hated the whole move to the better verse you definitely solid in trading at meta, not facebook this week. jack: with a.i. partnering with

microsoft, not google but how does he monetizes how do investors get wealthy off of the a.i. move. >> it's good to take time is going to be huge investment. one of the things that happens with a.i. is generating images and things like that and things that will keep people on instagram longer so meta still and add game and lesson a.i. game. jack: al, let's pit it to afford which is pausing work on in ev battery plant for a lot of reasons. let's start with the fact that they use chinese technology. >> it was a most interesting story for me this week. jack: you are into that stuff. >> the chinese portion this is me, a political football board is going use low-cost leading technology from the largest battery maker in the world cattle which is a chinese cavity. it is owned by ford and it's a bit of an issue, this is an issue where technology is flowing this way and usually we read and worry about technology

in adulterated in some way so that's not a bad thing. but if it escalates and ends up on the no-fly list for ev components then ford vehicles with the batteries will not qualify for the tax credit. it's very complicated. >> less than a minute left but explain there is a uas w and another reason ford may not want to build. >> this plant is in michigan and will likely be unionized and ford ceo jim farley came out on friday and worried about the cost structure intimated a bargaining chip we can make it this bigger that big and he also has facilities being constructed in the southern u.s. definitely pause for union consideration. >> may be batteries only get built south of the mason-dixon line. >> yes. the short answer is yes. and that is something one of the reasons the workers and ford and gm and stellantis are on a

strike. jack: rates expected to stay higher for longer. new inflation data has investors hopeful that the hiking campaign may be over. andy kapyrin has picks in stocks and bonds. ♪

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>> the federal reserve preferred inflation showing prices rose less than expected core pce match the annual estimate hitting the lowest level in two years. my next guest says lingering uncertainty may create more volatility in the market, joining me now the partner of an independent wealth advisor managing $150 billion, thinking for coming by the studio. >> when people talk about what the fed is doing there always

focusing on will there be another interest rate hike you look at is something else. >> so far over the course of the year end a half the primary tool for managing the economy is to increase interest rates from where i think a lot of us have gotten used to 0% over 5% today. i think that may be behind us. there might be another hike in our future not likely to be significant. >> that does not mean the fed is finished the fed may be finished hiking the next stage of getting back to normal getting the balance sheet back to normal the fed owns multiple trillions of dollars worth of government bonds of socket out of the market, he's done a few things economic growth stoked inflation on the brake pedal and the next thing i see coming. when the fed raises interest rates it creates turbulence in particular for bonds and that's what we experienced and when it transitions to mostly on the balance sheet that could push

volatility and a lot of uncertainty into the stock market instead. >> before we talk stocks one more question right now you mention volatility uncertainty if i could get 5% in a short-term treasury bond and a bank and a cd. it's really tempting to sit right there, is that a good idea. >> it is really tempting but many traps it is attempting trap to send cash offers higher yields but investors need to keep in mind that the bond market is upside down, cash is higher yields than bonds, the government bonds of 4% and over 5% in cash that is not a statement of value. if you are shopping around for the highest yield you'll find shorter instruments. it's a prediction about the future and the prediction that interest rates today are high enough to slow the economy down once they have succeeded in my view the fed is likely to lower interest rates and you may regret to not lock it in today's

higher bond. >> what is the higher bond. >> and think the bond investor to keep it down the middle one of the most down the middle is bmd is a broad index of investment grade american bonds that includes government as well as corporate. jack: you mentioned stock volatility what is the plan in stocks right now. >> i think the play in stocks is to not be a hero it means two things don't sit out of the market because you are making a bet that you may regret. to do not take undue risk the way to avoid taking undue risk in the stock market is the focus on higher-quality companies. companies with stronger balance sheets, lower average ratio and higher dividend payout companies have business models that are conducive to running through a lot of uncertainty. >> to get the dividend. >> that's right. jack: i would appoint to one thing you are predicting something nobody wants to hear which is oil prices might creep higher what are the forces pushing oil up in your view.

>> that's one of the risk for and fed and inflation, the oil market has accelerated a lot over the past few months and i think it's been for a number of reasons, one of the economy has outperformed expectation and stronger economy higher oil prices in saudi and russia are pulling back on oil supply in a moment in time will we don't have a rabbit in her hat anymore. if you remember last year oil prices surged after the invasion of ukraine but we were able to use the strategic petroleum reserve to try to reduce the price pressure, we used a lot of it up and have not had a chance to replenish the reserves. >> only good news is oil price goes up it's almost like raising interest rates people will spend less that could keep a lid on inflation. >> i think that's a thing that a lot of people don't expect inflation happens in oil prices and with the lid at the tank.

at the higher cpi in a higher consumer price index but that is money that is not going to get spent on other things like going out to eat and going to the movie theater. not enjoyable but it reduces core inflation. jack: not a great reward. andy kapyrin thank you for coming by. drivers unhappy about the gas prices have something new to worry about rita spike in the court price of car insurance read will take a look under the hood. how consumers can save cash next. ♪ (ella) fashion moves fast. (jen) so we partner with verizon to take our operations to the next level. (marquis) with a custom private 5g network. (ella) we get more control of production, efficiencies, and greater agility. (jen) that's enterprise intelligence. (vo) it's your vision, it's your verizon. -dad, what's with your toenail? -oh, that...? i'm not sure... -it's a nail fungus infection. -...that's gross! -it's nothing, really...

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jack: rising gas prices are not the only thing squeezing drivers wallets. car insurance is seen a surge with rates up 20%, that the biggest increase in 50 years and prices could go higher. senior writer meghan lettered joins the panel to discuss how

they can curb cost and what it means for investors. you and your story describe what is going on on auto shrink" saying is a perfect storm, explain some of the forces pushing up rates. >> how much time do we have. honestly the bulk of the nearly 20% of auto insurance rates that we are seeing are certainly due to higher car cost. we saw during the pandemic and they continue to be higher trending historically and yet parts and repair cost and use all the increase in the time and the expense that were spending at the mechanic shop up 12% in august and now we have extreme weather events increasing even worsening car insurance and things of that nature would it comes to driving habits. americans driving habits taking a nosedive. >> one thing that stood out to be when i read your story you said that americans are worse drivers than before. i am about drivers i try not to do as much as possible.

how is this possible with the technology. >> the technology should help us and it really does but the problem during the pandemic we have less people on the road and we apparently all became speedier drivers. when you get in an accident at a higher rate of velocity in all of those i had to take physics that means more severe crashes and claims and that pushes up auto insurance in a very big way thankfully we've seen the decline of little bit in this trend but were seated above average rates at this point. >> even though the cars are built somebody ran through a stop sign and hit me in the back and that's good to be expensive and the insurance company said total loss because the way they construct cars. unfortunately this is not going to stop. this is good to go higher. >> insurers have outright told us is good to go higher certainly and all the earnings reports and the statement that they have given they said we will continue to increase cost keep in mind this is a regulated

industry. this will take time to work its way through the pipeline we have the regulators after granting approval and once that happens it takes six months to a year to hit consumers in a big way because they have to renew the policies. there is a lot going on in the pipeline still yet to hit us. >> that's one of my favorite parts of the story. record prices and record increases, increases to come and yet the companies themselves are not necessarily benefiting like you would think, why is that. >> so true were used to seeing consumer staples prices for example, those ended up having record profits during high inflation periods, auto insurance unfortunately not so much. her seen huge squeeze on the business and this is been going on for a number of years and a lot of experts think this will not only go one to 2023, 2024, hartford noted 2025 and the latest earnings report this is something that will be around for a while and stick with it

and the outlook is a little bit and argue for the insurers were seen a number of issues coming into play the weather events in the repair costs, labor shortages all of that having a big impact even the uaw could keep this much more in the loop longer. >> i'm trying not to cry for the auto insurance because customers are facing higher and higher cost you don't have the option of not having insurance what are drivers able to do to mitigate the higher cost. >> it's one thing that you're absolutely right unique car insurance otherwise you're going to drive illegally and most of the u.s. so sitting there having a multipronged approach is important for consumers, it's taking time to not only sit there and look at all the discounts available but you may need to look at aarp membership and alumni networks that can give you a discount but sit there and say when you're looking for a new car, maybe getting an insurance quote before you purchase the car so you know what this is good to do to your budget, last but not

least in this cannot be overstated enough look for good driver discount that comes in the form of not only having a good record but may be time to brush up on your skills take a defensive driving course or say maybe i'll use the app or in car devices that i'll check my behavior maybe it's better for all of us and for careful on the road. >> insurance copies will give you something to plug-in and monitor what you doing. we had to do that will see what happens. one more factor that was interesting you explained a covid hangover from lawsuits that are going to send the prices higher. >> exactly. it is really interesting. a lot of this is still in the pipeline, remember during covid we had courts getting shut down and fewer hours and things like that, that is delayed lawsuits. this makes a bigger impact on the commercial side in a makes an impact on the personal side as well. you will see the higher claims cost going to the court system at a much longer rate. >> there is no good news here. >> sorry guys.

jack: megan leonhardt thank you. carleton and ben and al have good stuff including the gold rush at costco. stay right there. ♪

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jack: carleton if i had to costco is a il-6 where i picked up my gold. >> is actually not i'll six. the hottest item is not the dollar 50 hot dog and soda co combo. it is gold bars being sold on costco's website, limited to two bars per membership but basically this is the hottest item and when they drop i guess that's what we can say, read it forums almost like name stock,

they just launched i got mine i was able to get on with do they happen again, it even came up on the costco earnings call how popular it is and you not getting them in the aisles you have to get them online if you're lucky and fast. >> i love the website says they're not returnable. the price skyrocketed but you can return. >> you can do this you think it's a good idea. >> not necessarily. people who want to get into gold during times of an economic downturn but that might not be the smartest thing to do. sometimes investing in gold the picks and shovels of the gold rush, this might be at a time where you think of a new picks and shovels which is accompanied by costco or walmart which sells gold bars, if you look at their stocks a meaningful time compared to the price of gold probably better off buying a share of costco or walmart than a bar of gold. >> i go back to jeremy siegel's the shows 210 years of gold inflation-adjusted the dollar two years ago is now worth $4,

that is not a great return. let's go to better action ideas, what you have for us. >> i'm a believer in the commercial aerospace recovery. in april domestic travel started to eclipse pre-adamic levels in international still lagging behind the more planes in the air mean more repair cost more parts needed. that is the company aar and the ticker is a ir that does a lot of this and supplyarts for engines coming back for service that is a good stock. >> i'm doing my part i'm flying internationally for barons. carleton is going to be in the seat. >> i'm looking a adco combining the act tech with trimble it is going to make it a better competitor with deer and the best part a trade that seven times earnings in deer is at 11.4 this is going to help the

evaluations come back together and looking pretty interesting. another thing is going to do you will have the precision agriculture business this is the big thing in agriculture, that is going to boost profit margin as well. the stock has not done great i think it is down a little bit but this could give it a boost going ahead. jack: this week's brought to you by the k. check out this week's edition of barron's.com follow us on x formerly known as twitter at barron's online and friday marks six months since wall street journal reporter evan gershkovich was wrongfully to taint. we hope you will support his release use the # i stand with evan. that is all for us, we will see you next week on "barron's roundtable". ♪ others. second republican primary debate starts right now. >> high on the hills of california's simi valley