companies, this year alone forced to scale back on growth under the highbury environment as business shift their focus to rapidly growing areas like artificial intelligence and cybersecurity, giants such as tesla, amazon and microsoft all cutting the rosters will be following on "mornings with maria" 6 - 9:00 a.m. eastern on weekdays on fox business i hope you will join me every weekday and i will see you on sunday on the fox news channel joining us like 10:00 a.m. eastern from the exclusive interview with former president donald trump, 20 plus days ahead of the election that will do it for us on fox business thank you so much for being with us have a great rest of the weekend and i'll see you next time. >> "barron's roundtable" sponsored by global x etf's.

>> welcome to "barron's roundtable" where we prepare you for the week ahead i'm jack otter fed governors were split on the idea of a 50 basis point rate cut a chief economist is here on the health of the economy and the fed's next move, later some of the hottest tech companies are not publicly traded that does not mean investors are locked out, how you can invest in the mag seven private companies, we begin with expert panel and three things investors to be thinking about right now, on the "barron's roundtable" my college jack howe, megan leonhardt and al root, the dow and s&p keep on marching higher on thursday and they hit new highs and on friday they said to get a b. >> record highs fifth straight week for the nasdaq there's a lot of reasons for stocks to fall, high evaluation in war and natural disaster and there is election angst but there are clips by a decent outlook for earnings season were in a rate cutting cycle in inflation is benign, the flipside of moderate

inflation is that you get a smaller rate for your social security payments, we learned this past week what adobe for next year she would have percent, hold your applause that the lowest rate in four years. >> it is low because racine inflation start to do a nice cooling trajectory, it's a little bumpier this month but i don't think it's going to affect the fed calculus too much it's really focused on jobs. unfortunately because of the natural disasters and boeing strikes and things like that we will get a cloudy picture of the next couple months it's going to be a challenge. >> the ten year bond is now over 4% yield, should we be worried about that. >> no big whip is been lower but also higher and is still low by historical standards in the main thing it tells me the bond market does not believe the game of tax break tag that we are hearing on the campaign trail no tax on to and car buyers some of

is campaign fluff. jack: let's go back to stocks, who are the big movers. >> i don't know what they be estimates by but wall street was wrong i look at the stock movement, going but the stock movement the biggest upside surprises underneath were j.p. morgan wells fargo and fastenal obviously good signs for the making of manufacturing industries, next week we will hear for more big banks and netflix and johnson & johnson outside of earnings. i would characterize as a big disappointment, there is a physical robot taxi but nowhere near the required detail on market tesla was down 9%, the

car looked cool, none of it is moving the government the justice department is suing for the monopoly in search i thought you were going to make me guess, 90% share but it's 88. and many months after that, what were looking at is an at&t alphabet could be broken up google could be removed from alphabet, the one thing this is forced investors to do, what is also but worth broken up into pieces, the good news or the silverlining in all likelihood is worth more, alphabet is worth

$2 trillion today and if you look at the club business you can compare it to microsoft or amazon it if you look at the youtube business you compare that to instagram a meta interview try to figure out what searches worth value like a market based company you look at it $2.6 trillion evaluation easily up 20 or 30% to $210 stocks, that is the silverlin silverlining. >> if you review on the empire but if you're an investor it could have more streaming hours and netflix there are thoughts that meta and amazon could be next in the crosshairs. >> i remember pringles can't just eat one. >> you can have upset people. ladies you cannot just eat one. >> this is scandalous you look at the tech giant amazon and meta and apple in particular on what the justice department could look at next.

>> but moved a sad story hurricane for florida, north carolina hurting badly, were business and hotels in the business angle. >> the business angle it could've been much worse. it was a devastating week for florida and helene two weeks before that but a situation where we will start to see this come out in q4 earnings, travel companies, the theme parks, airports and airlines they took it on the chin, unfortunately working to see that show what the last time disney closed for en was a two day closure it set them back by $18.5 million, no change, interestingly on the flipside we saw the insurers got a little bit of breathing room with all of this because tampa did not get the direct hit the stocks did rebound on friday after everything calmed a bit, it's an interesting guy play and

housing is another big factor of this when you start to see the big storms the anxiety level starts to rise and you have a lot of people especially in the aftermath say no thanks, we do want to move back this can plan home sales i will point out we bid a little bit of a national housing slump as it is mortgage rates and supply issues and million times on the show another's and it's one of the things that is going to be hard to parse out exactly what were seen from storms and from some of the other conditions. >> the wsj had headlined the great florida migration is coming undone. inflation is easy more jobs are being added than most analysts had expected apollo chief economis nexium 24hr prevents heartburn acid before it begins.

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>> the atlanta fed estimate enter quarter growth at a big risk two-point to percent while investors to key inflation report out this week both producer and consumer prices for september coming in higher-than-expected what does it mean for the growth of the u.s. economy and financial markets here to take it up apollo global management chief economist torsten slot, great to see you. >> back when everyone was worried about recession, you're still saying investors may hope for more cuts then investors want any published charts backing that up tell us what's going on in the economy in your view. >> the economy is doing just fine if you look at a broad range of indicators everything from happy people travel on-air airplanes and wage inflation

which is what you see in the chart that still relatively strong in across-the-board and having people go to restaurants and if you look at consumption and production and if you look at how would people go to broadway shows, this is a weekly indicator that is publicly available and that suggesting that discretionary items on broadway show can be expensive up to $200 people are still spending broadly speaking, "the bottom line" the economy is doing just fine. >> what is the fed's proper playbook in that situation. >> the fed in september lowered interest rates but the federal reserve has a dual mandate, one is inflation should be to present in inflation has come down from 9% in 2022 to around two and a half were almost there and we've come a very long way this was used as a main reason why they lowered interest rates and the other side of the dual mandate mainly the academy and full employment and we still have strong job growth and we

saw two to 54000 jobs created in the month of september wage growth is still strong, on the outside the economy is still chugging along very nicely it's only one side of the dual mandate in the inflation comes down and that was used as a reason for cutting but we still think the fed is going to continue to cut but cut much less than what the market is currently pricing. >> another part of inflation is energy prices you recently published a really interesting chart, for the first time energy supply was exceeding demand and were pumping more oil than were using, can expend what applications are for economy in inflation it is all the data center need for energy going to and up sucking the supply and demand in more. >> absolutely this is an important development as this is showing that we used to have the amount of energy produced in the u.s. was lower than the amount of energy consumed, that has now

changed around because the u.s. as becoming energy exporter and producing more energy than we consume in the u.s. that means the supply of energy on its own would have caused downward pressure on oil prices but now having the challenges in the middle east and therefore there's more uncertainty about geopolitical risks and that has in the short term producing upward pressure on oil prices there is a tug-of-war going on and if we do have more geopolitical uncertainty that could of course become an issue for the fed because not only the strong economy will put up pressure on inflation but energy prices would also be putting upward pressure on inflation. >> another interesting wildcard is productivity for a long time productivity were awfully sluggish and recently we've seen pickup and people are wondering is not temporarily in your to study but it economist that said working from home phenomenon was open productivity a lot of us

think people gotta get in the office and not been as productive maybe that's not tr true. >> from stanford university they put out a study what they looked at people more production when they're working from home we found a stabilization that people spend 25% of the working hours throughout holmes levin were then a day of 2019 where essentially 0 in this bit about a discussion is as good for productivity or bad for productivity and what he found it makes a lot of sense people are more productive when they work from home and it could be something that can make a difference now that we have this permanent future more people working from home. jack: we are out of time but can you give us your best investment idea based on the economic stuff that you are seeing. >> that's very important, because the economy is still

doing very well we do not think the fed will be cutting rates and interest rates are going higher for longer and private credit and fixed-income is going to give yields that are generally higher than what we saw from 2008 to 2022 and the going to remain very attractive. >> tech startups are remaining private fo

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jack: some of the hottest tech companies are traded on major stock exchanges but that doesn't mean individual investors are locked out, large anti-sewer did

the deep dive on this enjoying does now with ways you can buy shares of the private companies rivaling the magnificent seven, thank you for coming to join us, however, i'm talking to financial advisors, as amended under managers and the guy down the street itself about elon musk spacex in sam altman's openai and how people like us are getting shares. these cavities are so hot, the really high-profile just like the mag seven the republican treated people want to get in and the reason they stay private by the way was because there's so much venture cavity under capital they don't want to go public anymore why they don't need to go public, you compare amazon with their beauty two years after was founded at a $400 million valuation how do

you allow that private investor. >> first of all you have to be as you say it could investor you have to do thousand dollars of income or if you're married, 300,000 or a million dollars of net worth and then you can call your broker and to have this much money and they will check you out they had to make sure but if you go to website is sort of an honor system where you say you have that much money. >> for somebody on the bubble there wondering can i get past the velvet rope on this thing, you put on a monocle in the top that, who's going to check. >> you're right it's really a situation where if you are out there and you have the check and it clears whether or not you have $500,000 for a million i

think you can still play. >> i don't say i want to own spacex but if i did want to own spacex what would i do. >> you will call your broker and go on whether these websites and it's very difficult when you're doing the private shares that the trilateral situation if you can imagine if you're lucky enough to find the one selling the stock, the trade still needs to be approved by the cfo of spacex, they could take a month to clear you have that problem, al is outcome a lot of times stocks not available except for what is known as spv and guess what they come with fees, fees plural. >> obviously this is for the hotshots, what about the everyday savers what are they

getting out of this, is this a good buy for folks that are more of the buy and hold kind of investors. >> is really tricky stuff even if you're lucky enough to get some shares were invested spv you're not going to get any information at all, there is 0 disclosure here in your flying blind, no can't entertain cues, no 10k's or no forward-looking meanings with the media or analyst at all and then vcs will have stakes and they get all kinds of information in use little guy forget about it. >> are we going development by more sophisticated ways for the savers to access. >> is an evolving trend, right now early days is not so great, i think with all the companies getting into the business it's going to mature and the fees will go down and there will be less friction and there will be something that increasingly retail and ordinary investors

will do and right now is definitely early days. >> you can still get some and i know you won't fail. >> this is been possible spacex. >> and cathie wood and there is a little bit here and there. but for the most part it is still coming. jack: thank you, meghan and al have a pair of investment ideas and jack says don't blam welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about.

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for that. >> i hope we can still be friends, the bad news to report on a snack op •-ellipsis. >> is the weakest sales result on a pepsi frito-lay north america slowdown, hold that thought separately morgan stanley says were up to 7 million people using the new class of obesity drugs in the cdc says america's obesity rate just stopped writing for the first time is 2011, is this an obesity drug snack, a deep dip into the chip numbers suggest it's a consumers cutting back on spending, potato chip are up 47% over five years soda up 56% and shoppers are reducing the business to convenience stores and snack makers are having to discount for football season, the ceo of pepsi is releasing the strategic snack reserve, he says we are giving 20% more

product interested in ruffles and they said the favorite snack stock is gaining market share, they compete with the discount chips they don't have as much exposure to the convenience stores. >> a pennsylvania company, the good news you don't have to have just one, they are cheaper. 20% more you don't want people reaching out wrist deep into the back. jack: it is time for more actionable ideas and that one, meghan what do you have. >> today i want to talk about new holdings ended in you not in ew at the parent company of new bank latin america fintech. >> is an interesting play the biggest growth story out of brazil there hoping to do it again in mexico, this is one of the situations where we abide the dip, there has been a little bit of a pullback as of late in the consensus call is for a rapid increase for the next year

or two. >> over technology in a trade that the discount hundred and at was a big overhang, uber could get a nice lift, partly trade partly long-term investment. >> actually doing the robot taxi. >> there launching with weibel and austin atlanta in 2025. to read more check at this week's at barron's.com, that is all for us, we will se >> from the fox studio in new york city this is "maria bartiromo wall street". maria: happy we get to all, welcome to the program that utilizes the week that was in position you for the week at i am maria bartiromo thousands of americans in the