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tv   Barrons Roundtable  FOX Business  October 5, 2024 9:30am-10:00am EDT

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following all of the cells on warnings with maria six and nine eastern weekdays here on foxbusiness i hope you join me every weekday for mornings with maria the scenes of the morning over the "fox news" channel, 10:00 a.m. eastern life sunday morning futures ivy exclusive interviews this weekend with former first lady, and exiled iranian crown princeton former hawaii congresswoman and trump transition team member tessie gabbert join us live in sunday, and sunday morning futures wi for us here on foxbusiness and think you so much for joining us have a great rest of the weekend and i will see you again next time ♪ ♪ >> there and spent people sponsored by global acts ets, barron's roundtable. jack: ♪ ♪ ♪ jack: we can behind the headlines and prepare for either
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week ahead and i am jack otter coming up, it's been five years in the launch of the showing a lot of change in the market since then were looking back in the head, and the markets big destructors, t. rowe price head of investment strategies david jerusalem and later, were days away from tesla's highly anticipated hollywood unveiling of a self driving a taxi and that what's at stake it for elon musk of the coming but we panel everything's investors are be thinking about right now, my colleagues jack elizabeth o'brien subject to come of sox were off to kind of the week week and suddenly the jobs report came out in the wages are going than inflation everybody is happy. jack: stocks to come back crude oil the biscayne since march, this is anticipation of israel potential retaliation against iran to the jobs report from a much better than expected, evidence that the economy is in decent shape and that's good and if you were expecting another
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half-point rate cut, and november coming might need to start think about it one point cut year to date the s&p 500, is up 20 percent if you want to street commentary say the index looks expensive the 24 times earnings thing a lot of investors say that you have been telling me that for years whether you have not listened. jack: some socks know about morning specimen some got a lot less expensive those with the big move spirit airlines get crushed report in the wall street journal just discussing a bankruptcy with you best performance were to utilities, this run constellation energy and i know you have the seal constellation unless we can they had a deal with microsoft involving resurrected 3-mile island. this part of the trend where big tech companies they need a lot of power in a grave for data centers in their turning to nuclear assets it was newspaper this it's a link to the affected the maybe apple should call dibs on chernobyl and i would not hold out for that but he speaks to the fact that there was
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limited supply of the nuclear assets c1 another winter and i many investors have been waiting for this, small caps and if you at the big small-cap indexes, on friday, when up more than 1 percent now outperformed rest of the stock market and you have a very like you mentioned a hot jobs report small-cap been cheaper longtime but they are technically come they really are more economically sensitive than large gaps and anytime that you get good economic data, if you are bullish on this economy with fed breakups, just enter the still cheap small caps because they're going to have these days. >> the last minute both 2011th of us was about five okay jack next week with you watching. jack: it's only season pregame missile fire up the hope archie and started middle of the week were going hear from pepsi and delta and to get started excited when we hear from some of the big banks j.p. morgan and wells fargo next edition for the index for the third quarter is about . jack: we talking about stocks
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that got hammered elizabeth what happened. elizabeth: rough week for humana had its worst day since the great financial crisis has passed we did not about 21 percent in the news the government downgraded one of its largest medicare advantage plans from public five source down to 3.5 stars even if it is going to appeal it if that's available have a huge revenue and earnings impact in 2026. jack: the government has gotten better in medicare's better at squeezing the supplements and is an investor you say that gotta figure out how to make money and as a taxpayer you say, maybe they don't need to make so much money. jack: good for taxpayers with about medicare recipients. elizabeth: plan design for 2025, rocket so if you or any humana plan to have any affect on your near term benefits and of the time to watch out for changes as this time next year as we approach open enrollment for 2026. so these government quality ratings are directly linked to
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revenue and he meditates a big revenue cut it will have to likely cut if it's really popular medicare advantage such as your free gym membership in your dental benefits coming delivery etc. jack: and jacob the goals having a great year and what's going on there. >> outperforming the s&p 500 and the associate stuff like that percent so that's pretty graphical and what's been tracking it higher this year really recently as well is that you have this moved out of treasury bond and fixative rights and that makes the return on treasuries, less attractive is you still have some expectations for some inflation going forward now you have a lower we call to really help and so people are saying, i own some talk with them on some state and a safe stuff in the moving the gold is only so much that geopolitical step if you look at the driver the principal is really old and miguel going forward here's the think of the gold has rallied up into its 200 day moving average, and when you are not any financial financial
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crisis economic crisis situation, bicycle tends not to move about the hundred day average and what i stocks quickly stop illegal that you want to go get this price. elizabeth: you might've seen commercials for gold iras who might be heating up now the goal is doing well and avoid them they do not need them at best they are necessary at worst they are a ripoff so steer clear don't safeguard your retirement through gold ira. jack: give israel sweetie and gold jacks fema under my strategic allocation is still zero ever. jack: thank you guys and it is been five short years since we launched the show unit cited a major market movements of the week. in the leaders stumbled this past week. >> the inflation and best is stocks. >> in terms of value you just cannot be degrees right now. >> be the case called. >> great defensive lays market
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smith there is a new player in town and the obesity drug market. >> artificial intelligence to the great job driving demanded order. >> apples will have a good year this far. >> i don't know the subscriber numbers are what we will see them. >> that for goes to evansville cited goes up, you knew that all along elizabeth. >> i will take the credit. c1 coming up against my very first show
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- [announcer] more donors means more hope. sign up at organdonor.gov. >> c1 here's where something to the week of the blockbuster jobs report, but with the middle east bragging about mark is how can investors navigate minefield of disrupted companies. here to as head of investment strategy, t. rowe price and are
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very first guest on barron's roundtable five years ago david is great to see you again. david: thank you for having me. jack: thank you for coming up in baltimore from this we had 15 years ago because we really liked your investing for fall asleep the disruptors avoid this coming likely to get to stop and we try to help readers with horses you do briefly what you seen over the past five years since you last sat here at barron's roundtable. david: a lot of these companies have underperformed the market suntlly and for the universe that is challenge become down to until every time. few of those names have been winners. jack: so usually slightly given running up one fun for a very long time t. rowe price capitol appreciation events both stocks and bonds more recently launches etf that only hold stocks first one if you like in 2006, has done unusual thing which is reason is that we index rated by
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morningstar and 16 years in a row and that is not supposed to roll. david: said they say the nobody can do that well done by the investment see when you when you were here in the show use that ge about 300 percent since then versus the lower of 100 percent merit which catching i now see one area is really attractive emily next five years for the next ten years are utilities you think about the last ten years of the kind of underlined volume growth. because of data centers in ak th printed like power facility book joe go back to present cummings exposure to data servers that grow faster than that's with the ability number of utilities that we think will probably grow earnings at seven — 8 percent rate only the five years the tenures as companies like it never seen feet rcs for basically we discussed to the market no ethics risk discounts
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to staples. jack: so despite a growing economy, power demand do not actually grow thank you so getting more efficient now that's going to change. david: think the efficiency will get better because the variables really are the data centers is about 3 percent of all power consumption today most expert say by the end of the decade it could be ten or 11 percent of the data center window power demand is really going to drive deborah see what michelle a nuclear is coming back to try to help that let's go to a different talk and not very well known and i guess i would call it an industrial techie curious into. david: plus that and it's a special event some of disappointing stocks is aggressive enough from that consisting of an 17th you think about it, they did things right there markets are higher earnings doubled for time free cash in convergences been wonderful the revocable the questionable deals there are three things that are really powerful catalysts right now,
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slated to becoming into two pieces kind of an industrial business and will be healthcare and tech company that's less in the ceo and cfo retiring no changing allocation by faxes smaller deals and fewer bigger deals i think the three things those combined, will really probably power the stock to be double in the next five years pretty 95 percent of side of the end of next year. jack: as of the someplace else in the eye. david: could be there's interesting things going on there software portfolio that could accelerate to the top line. jack: to questions, decks and fixative to me but the company. david: think about macarena is a place to be the most value the market is nothing aggressive growth names or links but these guard socks and growth and reasonable price yes and the probably the poster child for that coming is going earnings doubled his equipment very low volatility an organic growth
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rate good management team, we discussed was in the arts, trade for premium to the and today trades at huge discount to the market of my think that there is mass metabolic potential if you is some of the parts. jack: thank you david, next thing i will talk about tesla so i have to ask you why don't you on the company. david: probably the most overvalued the start of we believe that rubber taxi mother opportunity is what zero. jack: thank you for your insights at least you have an opinion. we been bringing top financial guess for the past five years and here's a look back at some of our market moving interview. >> brian thanks for there to help them to the customers. >> regulations work. >> we just announced two major payouts peanut people been waiting 50 months to get back into the going. >> were launching our service as an air taxi service neds for the last couple of years transition from fossil fuels to clean energy answer to stay. >> mixing up a bit.
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>> and a lot of flavor. >> this is different. >> at a time. >> twenty seconds over. [inaudible]. >> stiff competition. ♪ ♪ jack: for you want us once you in a self driving tesla can you pull off the promise of rubber taxi's next.
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jack: we robotech today's less than a week away, were real must we try to convince investors tesla still the red-hot center printed mobile division is the
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cover story this week and we have associated are already here to break it all down three-story smith hi and thank you. jack: there's a lot going next week in burbank pretty on musk can forget down for us. al: no less nothing is really about tesla trying to prove is more than a car coming in further for the stop and think that it is about you on trying to convince the people that he deserved to be grouped with magnificent seven plans and our families, and so along with you know going to test was a hotbed of innovation is trying to save multiple see when it 90 times earnings over there's a lot of hope baked in their printed what is the investors need to hear so is without. al: i think a checklist you can just go down i think he needs to unveil physical robotech to come up need to be discussion on improving metrics now the cars are driving themselves in urban environments. >> or movie says there probably will be a demonstration and he
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needs to show probably like when robo taxi service could start no need to have layout plans for business model license and have her own place and stuff like that for think people hopefully any strike i'm hoping to see the lower-priced tesla model to maybe that will be the robotech seat is a vehicle. elizabeth: where they save on shape. al: i answer like this by aggregate everybody's answer elon will say will roll out robotech see service my 2025 in austin texas might think that's a basic dictation and then course he will miss that by about your good that also of bacon to people's expectations smug and choosing to have a coast-to-coast back in 2016, when managing the things stuck like a robot vacuum summer at the grand canyon right now so is not quite on the way smith they said that about a year away is like well change of the seasons
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smith to be hunting into competition in terms of automation. >> that's a good question while robotech caesar your way ♪ ♪ please more than 100,000 autonomous no driver taxi rides week music a different approachd the vehicles are $10,200,000 nae a lot of hardware rolled them out carefully and tesla is basically trying to take viruses and supper get to the point where it turns tesla's into self driving cars and so tesla would work 42 million millions of while driver assistance applicants it out. >> i have to ask the ambitious plan for the bed is constantly on twitter and when i go in i don't even follow him and so how much of distraction is that. >> i'm sorry for me weeks for several u.s. also distraction we talk about it written about it is a huge issue not only he runs x he runs the most valuable carpeting the world and the most valuable aerospace coming the
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ultimate source my most valuable a.i. companies x a i, because the initial why this and it is important because the investors really love it and he's looks engaged in control and is definitely a thing. >> notches distraction funky has taken this quality term over the years, that is a delight to have the country and three numbers in the tesla owners i would imagine and that annoy have better business. >> and listen to my think that it is very reasonable to say the least damaged his brand in the right of the company pretty and there are literally bumper stickers now, the say about this tesla before i learned that elon was crazy. but on the other hand, there to think that one is the turn could cynically be termed hedge know how to self ev's to a republican sunday and rents are likely to
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buy the regardless of who's running tesla the other thing is that like twitter and 20 in turn, there's things that irritate people about tesla but also elon has created xa i and e puts the brains of monkeys he sent people there is the chance to be want to sort of creates value out of thin air have to take the good with about smith he makes rocket science getting up and twitters down 80 percent of revenue. >> i don't have a tesla but i might take into the monkey implant. >> we will talk later. jack: thank you bison elizabeth and jacob, curb investment ideas and chapel tell us at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients
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do a strategic review and you have a strategic review of that strategic review. >> i don't think it's about with the comedy has it is about what it does not happen compares evs with united this coming those have massive revenues within 3 billion. >> i'm sorry yes united health that united has three times the free cash flow and the stocks turned more than 700 percent of the past decade versus zero four cvs in the book have helped plans to both of these pharmacy middlemen the difference is that cbs2 is that is the biggest drugstore chain and for united it is the largest number of physicians groups in the business filling pill bottles the back of the store selling bonsai following figures in from the source just not as profitable as a business of doing heart surgeries and class place and they say it's a healthcare company i think it comes out to expose backsides i'm going to a cvs my sleeping for a few shot but are not putting on without those hospital gowns and you can close the back between the alka-seltzer the greeting cards
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of their and i am i'm pretty sure the best margin said healthcare had ball expose backsides. this doesn't deals by public companies like that the united just has a huge head start and i'll drop your drawers industry see what receipts will do it for them to bring up that help. >> i mentioned the pharmacy middlemen. it has to go to one side of the other resistive the drugstore ago the health plan which of a part that does not go with this really going to be stuck in you have a drone change that was like right aid which filed for bankruptcy a year ago. >> i have a shot there but nothing else and thank you and time for actionable ideas and jacob you have an interesting one. jacob: semi- connectors around 250 or 260 and now second 215 which i love it for recommending stocks at the chipmaker sales to a lot of automakers reported as revenue including electric vehicles navies need higher chip content is basically almost like a higher priced so that's a revenue growth in the broader auto market has noted started to
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stabilize but so higher margins, past earnings were and is allowable the s&p 500 see with electric cars or computers with wheels mix is okay elizabeth. elizabeth: wells fargo come to came under major clouds several years ago because his accusing of making up fake customer accounts printed so regulators and punishment for did nasa cap on them which could be lifted in 2024 come is doing okay with caps the signal be doing even better thing comes up. jack: a lot of kinds of the company bit better and thank you great insights as always said that's all for us will see you next wee >> from fox studios in new york city, maria bartiromo wall street. maria: happy weekend to all to the program that analyzes the weeks that wasn't held position you for the week ahead and i am maria bartiromo trump and harris are back in the campaign

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