i'll ask economist jeremy siegel remember the jetsons flying cars, we are one step closer as air taxis are set to kick off jovian beaver will tell us how it works. later tupperware popped the lid off stop jumping 500% in one month. we begin as always with three things investors on a think about right now. stocks were down for the week as bond yields search ten year treasury hitting the highest number since last november before pulling back on friday but cooler the inspected jobs report lifted spirits to end the week. ship stocks have rallied on a.i. but rally from the biggest semi conductor disappointed investors. amazon with a massive profit, will take a look at the tech giant stop what we learned about the health of the consumer. on the "barron's roundtable" carleton english and jacob. , the stocks did in down but it seemed like a goldilocks number coming from the fed in terms of the payroll. >> the payroll was exactly what you want to see. 187,000 jobs created below expectation the previous months were revised lower as well. we saw a job market that is creating jobs but not an overh

jeremy siegel, the plofrs is with us. dan ives has a new note on tesla. he'll be with me.okata as well. we've got the markets cornered at 3:00 and i hope to see all of you then. let's do final trades. karen. >> autodesk. the stock has been very weak over the past year and a half as construction and interest rates obviously hurt. they lead in the design software for construction and also building but they reported a decent quarter, they took the guidance up for the next fiscal year, and we think that there's a long runway now for autodesk which has really been a poor performer but is starting to pick up a bit. >> thank you, robert. >> conoco phillips. in a golden cross. 50-day above the 200-day. looks like that's going to be a good sign. it's one of the best names in the space. we own it. >> glad you stayed for the whole time. what time's the show end, rob? >> 1:00, scott. >> jimmy. >> wobbly market at the end of summer, i'm going with the steady eddie here, berkshire hathaway. >> joe t. >> maybe this isn't good. there's still time for you to leave. you've got a couple of s

our special guest on this friday, wharton school professor jeremy siegel. you have been with us on a bunch of fridays, professor, which i love. it gives us a chance to sum up what's happened in this stretch ahead of us. today it's all about the fed chair. what did you make of the speech? and what do you think this market reaction now says about it? >> first of all, there was really nothing new that he said in the july fomc meeting. in fact, i was disappointed because what's happened in the market, as we all know, is that yields have risen, real yields have risen, real growth has risen, and the reason that real growth has risen is because productivity has been so strong. he didn't address any of that. he seems almost stuck in that mode, real growth is higher, that means more workers, more pressure on wages, we might have to go higher, and that's not the story. the story is we are getting a real growth higher because we are getting productivity higher. in fact, the labor market is slowing down. i mean, expectations for next friday are, what, about 160, you kn

liz: so good to see you, my friend and i thought that interview with jeremy siegel which we will putculous, he said long-term investors should not sell. there is no possibility of a default. [closing bell rings] liz: he feels this market will continue to do very well and the economy looks good too. major averages closing off the lows of the session. the dow fell as much as 404 points. down 345 now. ♪. larry: hello, folks, welcome it "kudlow," i'm larry kudlow.

jeremy siegel. predicting stocks are getting hit all-time highs. so i don't know that does that mean you're not going to be doing great? >> yeah, he's a retired he's the wizard of wharton. he says 30% chance of recession. but stocks will be make new highs because the economy is good. economy is good. then we have while jobs are there than the economy is good because we spend of the economy is we work in system of capital is more hits. the bottom line more often, not with earnings, which helps stock market. i don't think he's off base, i think is actually pretty smart and reassuring. i followed him for 25 plus years i'm more like him than i want to be clear. do you want people be a little different than me? but i think you see preaching reason here. >> and then i do mean stocks have made headlines in the past. it relies tupperware, though, was one. now what's going on with that? >> a little bit of a tupperware 800% in 2 weeks. time. i would avoid its was companies that's teetering on bankruptcy. and it got onto the reddit platform and people are sta

now, yesterday as stocks tanked wharton professor jeremy siegel told "the claman countdown" nothing to see here. >> it is ridiculous, liz. the fed can always pay off the debt. the fed can print the dollars to pay off the promised debt. so there's really no possibility of a default. liz: siegel's an economist and a brilliant one, but what do real world bankers who need to lend and refinance personal and corporate loans think? vice chair of bnp paribas usa, the u.s. tuition of the world's fifth -- division of the world's fifth largest bank. your gut reaction to how the markets reacted to the fitch downgrade and how you are conducting your business in light of that. >> there is no real news as it relates to the, you know, debt, sovereign debt versus gdp ratio here. and it is the absolutely our views that over the medium term any administration will have to continue to master and navigate this complex situation. however, as you just highlighted, we've seen mixed results, you know, from the marketplace which i think very short term i don't think it will have a real impact on the stability o

joining us is jeremy siegel. at's going on with productivity that, i don't know, i don't think people are thinking enough about this. we've had a couple lousy quarters and then we had a couple really good quarters. do you think we're really having a productivity surge in this economy? >> yeah. the last border was outside the pandemic, the best for quarter for productivity in over six years. the st. louis fed is way up there, others are not that high. given modest growth in hours and in payroll, it looks like another third quarter boone in productivity. this is really saving jay powell. this is the best news. i mean, that's how you can have strong gdp growth without pressure on the labor market and really without pressure on inflation. you know, that's the golden magic over here. so i think that that's really playing into what we see in the economy. and, by the way, why yields are going up also. real gdp growth and real yields. i'd like to comment you guys had a great discussion at 6:00 when you opened at real retu

productivity, good for profits, higher yields will keep housing in check wharton school professor jeremy siegelw. i was really interested in talking to you today because you've been beating the drum on the disinflation story and that fed should stop raising rates. are you worried we might see a new wave of inflation with all this strong data >> no, i'm not let me tell you why. this is a very interesting fact. i was just reviewing the data. last year we hired almost 5 million new workers, net farm payroll and we have gdp growth of less than 1%. it was the worst productivity performance in over 70 years this year we are hiring at less than half the pace and we have two to three times the level of gdp growth that we had last year why is that? one of the biggest bouncebacks in productivity that i have ever seen, and that's to saving jay powell, that's why we could have this tremendous gdp growth and yet still have the disinflationary trends that are in the economy now, it is true, oil stopped going, commodities have stopped going down, but i don't see those as starting a new trend. i see the produc

you had the economy running at or even above potential and inflation is coming down we talked to jeremy siegel surge and causing inflation to fall. i don't know how long it's going to ask there are those head winds we talked about it could still be on the come here >> any normal person who hears, well, for us to accomplish our goals we're going to have to really cut growth and make sure things slow down i mean, just -- i wish -- doesn't a normal person say i wish it didn't have to be that way. and then if it turns out it didn't have to be that way -- i wish we could lower inflation without killing growth >> very quickly, joe, that's one of the things i'm going to be asking people about in the hallways here is this really challenges the model the fed operates under hopefully we'll get some answers and i'll come back and talk to fed folks and tell you exactly what they say. >> excellent, thank you. the river runs through it there in jackson hole. it does. >> coming up, what investors need to know about last night's first gop debate and top takeaways from the counterprogramming from the former pr