finance professor jeremy siegel has insight on health of the labor market what it all means for the economy cramming in the popcorn while watching for a sinema revival. summer movie season is off to a hot start with its first major hit. this is theaters desperately try to reel in more revenue with other big blockbusters on the way. but we beyond our expert panel and three things investors ought to be thinking about right now on the barron's roundtable at my colleague >>, elizabeth o'brien and jacob. ben, i'll start with you a short july 4 week what happened with stocks, bonds, hotdogs, whatever you can tell me about pickups which are dispelled when but there's no such thing as a stock market. what we have our seven big tech stocks and they are going up or you have that nasa going up three to half% to a new high smp going up 2% and hitting a new high they have the 2000 small-cap stocks it fell did not hit a new heino are close to it that's all there to the market right now. big tech goes up, everything else who cares and that is what we've got piglets s&p 500 fund holders are geniuses who sa

morton finance professor jeremy siegel on where the labor market goes from here, next.rlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. cooks june jobs report showing a still strong but cooling labor market. it came in hotter than expected we are contending to get hit with revisions of the economy added $206,000 along the estimate but down from may's revised 218,000. the unemployment rate unexpectedly rose to 4.1% per that the highest level in nearly three years joining me now morton finance professor jeremy siegel. professor when you make of the jobs numbers this past week and where's the economy headed? >> it showed some weakness really. 4.1% we are up a half a percentage poin

let's welcome in wharton professor of finance jeremy siegel. i hope you had a nice fourth of july holiday. good to have you on today. >> thank you, scott. happy to be here. >> what is your take after this jobs report and the market's reaction to it? >> yeah. you know, i think it was a pretty weak report. when you look at the details, i know the headline number beat. the revision was beat. the details were not good. we are in a slowing economy. you know, the fed at the beginning of the year, last december, said that gdp growth this year was going to exceed 2%. well, we got first quarter. that's under 2%, and although we are all enthusiastic, thinking, oh, this quarter looked like three, then it looked like two, now most of the experts, including atlanta fed and the other banks think it's under 2%. i think it's really time for chairman powell to really tee up in the july meeting a cut in september, and maybe another one in november. i think inflation is definitely under control. and i don't want to see this slowing economy turn into something wor

we spoke with jeremy siegel an hour ago.ah. that's because yesterday's core number in the gdp was a little hotter. we did dodge a bit of a bullet here. people thought maybe a revision of prior months. looks like mostly in june, but just a little bit. seeing here the goods, durable goods still down 0.2 on the month. that's negative. services up 0.3. sorry, 0.2. that's in line with where it's been. so i think this is okay for the federal reserve. i think they would have wanted it a little lower. to put a little more detail what rick told you. it wasn't 0.2. it was 0.18. looking at the hundredth of a decimal point to see what's going on. and one thing good for the federal reserve here i think is that wages andsalaries only up 0.3%. half of the prior month. a little less pressure from that point of view. i'll send it back to you, except understanding the savings rate. watching, waiting for it to increase. i believe it ticked down to 3.4% from 3.5. it remained relatively low, becky. >> all right, steve, thanks. let's continue thi

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thank you jennifer and e.j. >>> coming up, wharton school of defense jeremy siegel. and we did see yesterday. don't go anywhere. "squawk box" will be right back. i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. tony, its gone. no. how am i going to do this? welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo hello. i'm ethere

. >>> and why wharton profess jeremy siegel says we're not done yet.verages are all in the green at this moment. communication services and tech are the two best sectors today, hence the nasdaq extending those

federal reserve has done and said and may very well do, let's bring in wharton school professor jeremy siegel. he's been listening right along with the rest of us. professor, your gut reaction, and what do you think is behind the fact that the markets have really taken off like a rocket? >> well, first of all, his press conference was much more dovish than the statement. frankly, i was a little disappointed in the statement. i thought it was more balanced than it had to be rather than telling, hey, we're on the route towards the cut. but it was very clear from the conference that he is on the rate -- on the path towards a rate cut. i was surprised that he said there was discussion about maybe a rate cut in july. now, that's not powell's policy. he prepares the market, so he wouldn't have wanted a surprise rate cut today. but he admitted there was discussion on that. once you get discussion on that unless things really, you know, go south in the next six weeks, that means there's going to be a cut in september. the only thing a little bit disturbed me, he sort of said, egg -- well, 50 basis po