anticipated event on monday, the tagline could refer to redesign serieseries that makes the edgef the iphone screen glow with a colorful effect when in use along with the hardware apple likely to unveil the apple intelligent a.i. platform to new capabilities, the knowledge-based system would work with chat gpt and openai to help users write e-mails, reports, text messages and generate images, shares of apple opted under double digit, you want to keep it to fox business monday with all the big headlines and moves in the stock price, that will do it for me, thank you for joinin great weekend, i will see you next time. >> behringer roundtable sponsored by global x etf's.

>> welcome to behringer roundtable where we get behind the headlines and prepare you for the week ahead, coming up investors either 2284 but enter presidential race ahead of u.s. public policy on what the election could be for the markets, later huge energy demand is driving american companies to a once shunned alternative, how investors can play the nuclear energy come back, we begin with the expert panel and three things investors are to be think about right now on the "barron's roundtable" ben levisohn, teresa and jacob sunshine. it was one of those weeks on wall street were nothing worked. >> nothing at all, for good reason, we had two big events this week that investors were looking to one was earnings from brown, the big chick enter chip company was good tell us a.i. trade was doing its thing and the other payroll, that was good tell us the economy was strong or weak and we are headed to a recession both of them disappointing, first it was brought, and set the wording

that tech isn't the place to be anymore and then the payroll number came out, first it looked like it could be enough that people selling the tech stocks would buy other things but then they step back and they say this number is not good enough to tell is no recession and not bad enough to tell us that there is a recession but we're going to step back right now and you had a stock market that really had a terrible week, s&p down 4.2%, the worst week since march of 2023. >> september traditionally not a great month for stocks and heading into election, there is always uncertainty should we fasten our seatbelts were about greg? >> i think so the research put out a chart that shows during an election year september and october september is usually a tough month and the more volatile than other years with the election closer that it is so when certain i think we have to expect that theirs were to be a bumpy road between now and november. >> with a couple of inflation do you think that will change

anything in a get a get numbers that will show the headlines coming around 2.6% i think people are past inflation they're worried about the economy and people are talking about 25 or quarter-point rate cut were half a point cut i don't think it matters it comes down to the data and whether or not the economy can keep growing. >> think you, been referred to a tough week in tech land for nvidia, broad, is the a.i. trade on its way out? >> maybe, maybe not, it's been so eloquently said, broad, earnings were a myth in the earnings were actually fine but the forecast was not so great and of course on wall street were to be done for me lately, worries about revenue in the current quarter is what really sink the stock, it's important to know the analyst is the optimistic they think this is a hiccup after nvidia the market is really looking to be reassured and it didn't get

that. cheryl: possible reassurance may be on monday apple will unveil the latest iphone the 16 for those keeping count in the idea that apple intelligent the version of a.i. will that be enough to get the a.i. trade back again. >> maybe, apple has been fairly mom about that they have very few details so there is a chance if they really come out with something that gets people fired up to make it with the stock in if they integrated with the phone and something like this year he it is a win-win and progressive the a.i. program and is a good reason to go out and buy a new phone. >> siri needs serious help. jacob give us some good news this is been glum so far, prices at the pump are looking a little bit better for drivers these days. >> oil is down 19% from 2024 pink below $70 which is got below $70 this year, now you have natural gasketing hit in a decelerating u.s. economy and

even worse china academy a big oil buyer, these things are putting a lot of pressure on oil. >> gasoline at the pump is below $3 in ten states and there's some prediction that that might increase. >> it was a forecast from our colleague at opus that says the national average for gas could get below $3 on six month or 12 months but in q4. >> of course you have to say hurricanes could disrupt offshore rigs, the problems of the middle east to who knows what, these predictions we should always take with a grain of salt. this can have political applications kamala harris campaign would love to see gas prices below $3 heading in to the election give it all the heat that biden is taking over inflation. >> it's possible here's a copy of a gas prices everyday wall street is watching the trump ears showed him heading into november, libby cantrill on what

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see as the most likely outcome right now. >> as you just said this race at the top of the ticket is a tossup if you will in many ways despite the drama over the last two months we really are where we were when biden was still on top of the ticket back in the spring a 50/50 race, each candidate harrison former president trump have their advantages and the disadvantages to really a 50/50 race, we will say because it's so close and it will likely be decided at the emergent, pennsylvania being the most important state that any marginal event will really matter so you're right to flag the debate next tuesday that will be incredibly important, lastly something really important from an investor perspective is the composition of congress, the house, republican-controlled senate democratically controlled very narrow and we think the senate probably will flip from narrowly democratic to narrowly republican. >> manchin in tester.

>> that c is lost for democrats, that means the best night that they can have is a 50/50 night and saturday tester in montana estate that president trump won by more than 15 points likely going to be lost as well for the democrats. most likely regardless of what happens at the top of the ticket, the base case is probably a divided congress or a very narrowly unified congress, i think the margins are going to matter in terms of policy. >> let's talk about policy what are the cool things you don't talk about what the candidates are saying but what could actually happen which is important if you want to make decisions on taxes you pointed out a new wants with the salt deduction in terms of who will make the difference in congress, can you explain that. >> as a reminder next year is an important year as it relates to tax because that's when the individual trump tax cuts are expiring at the end of 2025. regardless of who wins tax will consume the narrative in

washington and we do think you will see some changes to the salt deduction regardless of who wins, that's for the very reason that you alluded to if republicans keep the house they will have done well in the suburbs of new york and california and they will have kept the seats, if democrats take back the house, they will have one those seats, those particular districts in new york and california, the salt deduction is incredibly important, for the frontline members if you will doing something on salt, we think there will be a change right now if you might remember the salt deduction up to $10000, we think that is definitely going up and we might see the salt deduction reinstated, that is expensive and that will be on the table next year. >> tariffs, there is a lot of job opening market happen what could mean. >> tariffs that have to go to congress has a lot of executive authority around tariffs and

could implement and unilaterally without the congress and regardless of who wins, tariffs are likely going up and there are going to be degrees of differences, former president trump is talked about 60% tariffs on china, 10% on the rest of the world, will they really do that i am not sure but we do think the direction of travel that tariffs will be going up, we know that president trump really wants to reduce the goods trade deficit the trading relationship between the u.s. and other countries and tariffs is one way to do that, i will say it could reduce the deficit, tariffs on a lot of revenue but they can hurt growth and also affect inflation depending on how severe they are. >> pinko known as a bond shop, what is happening in washington, how do your researchers and analysts predict that bond market. >> the first thing we tell our clients to stay invested, the market, the s&p market index has

done well regardless of who's been elected and regardless of the composition of congress, stay invested if you're in cash, cash out of cash, get into the market whether the equity market where we think there's a lot of opportunity in the fixed income market right now regardless who wins deficits will continue to increase and whether it is because either candidate can pay for the extension of the trump tax cuts and there is more spending but importantly because neither candidate is going to reform medicare or social security those expensive programs super important but very expensive, the upshot the deficits are going up and has applications particularly for the long end of the yield curve we think they likely will go up at the long end in order because of the fiscal outlook. >> we appreciate it always great to have you in, america's thirst for power has led to a new embrace of nuclear energy which compan

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electricity from things like oil and gas, that makes sense, have my wife come from a tiny village in central europe and over the winter they had to put coal into the furnace and i don't know if any of you have been in a village where everyone is burning coal but has an interesting smell to it in a little tough on the lungs. coal isn't the greatest thing it's an efficient way of oil and gas and that's okay but were trying to put in solar and wind but there are problems there, you add nuclear to the mix and you're starting to solve the problem, were bringing back three-mile island with the one reactor that is workable and that's coming back in the evening keeping online nuclear reactors that were supposed to go off is becoming a big way to plug the power gap. jack: it seems to be bipartisan republicans are more in favor the nuclear energy the democrats but biden administration has a goal to triple by 2050, 60% of americans are in favor of nuclear power, that makes sense

everyone realizes that we need other sources of energy and nuclear can help fill the gap, the other part is a generational divide part of it people did not grow up with chernobyl or three-mile island or in my case i remember watching silk would, their people, the younger folks are thinking more about climate change and ways to solve and there's less afraid of that and then you have the government behind in a big way were even companies are getting funding through credits or direct payments to help build reactors it is a very different world for nuclear than it was in two or three use ago someone 24 breaking the record, feels that global warming is a part of this, very good news for companies who were in the nuclear field, not so good a few years ago but now so many are looking up. >> to that her colleague mentioned in the story, visual corporation which is going to do these companies are growing the

revenue every year it's going to get to a little over $18 billion in a couple of years in sales and they've gone through a lot of recent investments, their margins if the revenue comes in is going to go up a little bit to get a attorneys via double-digit and pay dividends or growing dividends very similar story for a slightly larger constellation of energy and what i like about both of these companies they have the stability from a revenue stamper of utility company but they're not regulated in their trading a below-market price earnings multiples. >> you also need uranium for the power plants and you have camco that are based uranium and they have been reopening minds that were closed following the fukushima disaster, the ceo said they are experiencing the best supply demand environment in his 40 years in the business and analysts think earnings are going to continue to grow. jack: is not very often we get to talk about this, there is a benefit there. >> it takes a enormous amount of energy to run the a.i. centers

very big names are getting behind nuclear in order to solve a problem. >> absolutely we see microsoft and amazon really invest in this because they need to power their a.i. projects. it is not just the companies but also using bill gates in openai, sam altman they're interested in this as well bill gates has a nuclear company called terra power using to begin dollars of government money to repurpose a former coal plant and wyoming to become a nuclear reactor. >> is not just nuclear we need all sources, natural gas with the cleanness of the fossil fuel, jacob you look at a couple of companies that are in the field. >> dq t in chesapeake, ee qt is closer to a. play on natural gas but they both basically are and if after gas sees higher demand going forward because of this, these are two companies that will

benefit. if we get more pipelines than they will be able to send the natural gas to more places back to renewables, in my travels this summer i went to a couple places rhode island, massachusetts and i saw windmills, clearly there's a push in that direction but is not enough. >> is not enough and there are other issues and i had to look this up but the problem the wind is not there and you need the wind to be blown and there's no electricity, solar power we have night as an issue, we can be a knight but i don't think that's going to work, you don't get this consistent power generation so you need banks, power banks, batteries to store and things like that but we just need a lot of different sources of energy in nuclear is going to help fill the gap and be one of the sources and a world where you not to use a lot of fossil fuels but you will have solar and wind and lots of nuclear reactors. they're not there yet to hold

onto the sunshine all night long. >> i can charge my phone with the portable batteries. >> even my car and i use my car to power my house we just aren't quite there with the battery packs yet, that is a total tangent but part of the bull case for tesla which we want to talk about right now. >> absolutely right, thank you, ben and jake met unto jacob have ideas and teresa tells us repeats at the pump could be the next big play, stay righ ya know, if you were cashbacking you could earn on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours. choose advil liqui-gels for faster,

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in new york we all know the best pizza is from a gas station in iowa, obviously but don't scoff at it, earnings from casey's general show that that is true, they reported another great quarter earlier this week, the stock is in fantastic, they are actually the fifth largest pizza provider in the united states. >> i would not of made that ca call, it is so serious that there is a talent were for the garage gourmets, tell us about that. >> that is true, casey's is famous for its pizza but wall which is the philadelphia area-based convenience store has actually hired away one of their chief shafts when it was creating its own pizza offering. i think that really shows how important freshly prepared food has become for the industry and it is not hard to see why if you are coming home at the end of the day and want to get your gas it is really easy to pick up a pizza for your family for dinner and it is a great option in terms of convenience and value speed with the business is booming. we looked it up on linkedin, corporate executive chef is the

title for that guy. that's good actionable ideas, ben, i would say this is a contrarian picked. >> up against contrarian and looking at general motors and you would think general motors is contrarian but is had a good year, with the selloff i went around and looked at strong stocks that pull back to levels that look like they were viable when you get general motors and felt a little bit over 5% this week but is above the 50 day moving average and if you look at what's been going on it in great shape, it's been cutting back on the spending on tvs, it is buying back stock, is paying the dividend and cutting down expenses and it's still up 16% over the past month despite the pullback i think it's one that looks very strong and it trades at only 4.8 times earnings which is ridiculously cheap. jack: thank you for that. >> advanced micro devices is a robin to nvidia's batman nvidia is doing center sales some of that is

artificial intelligence, amd a matter of months ago was doing 0 it is now talking about publicly doing more than 4 billion nai chips sales this is a company not to be doing 30 billion in total sales, the profitability from these chips are going to do wonders for earnings growth and amd the stock keeps getting knocked down it's trading similar to nvidia. jack: this is a dip or chip to buy. >> both. >> alright, thank you very much. to read mark check appearance.com, don't get into forget to follow us at barron's online and facebook, and instagram for the latest barren stories, that is all for us we will see you next week on hey, go to church, and then watch the nfl on fox. will: go like this. ♪ ♪ jason: good sunday morning, welcome to "sunday morning futures." i'm jason chaffetz in for mari