damaged crops in west africa, a region that makes more than 70% of the world's supply. your easter basket had been a little more exif pensive as well we'll be following all of this on "morns with maria," -- mornings with maria weekdays on fox business. and i will see you on sunday morning over on the fox news channel, 10 a.m. eastern live for "sunday morning futures," exclusive interviews with governor kristi noem, lieutenant governor of texas dan patrick andists michael shellenberger and matt taibbi joining me live, "sunday morning futures." that'll do it for us here on fox business. have a great rest of your weekend, and ill see -- i'll see you again next time. ♪ ♪ ♪ ♪

jack: welcome to barron's round table where with we prepare you for the week ahead. i'm jack otter. coming up, the a.i. craze is changing the landscape for businesses and the work force. constellation's ray wang will share his insight on how investors can beth-and-a-half -- best navigate it. then our panel makes the case for a tool that can help you build well for retirement despite a bad rap. and later, why ben and jerry's ice cream business is a hot potato. we begin with three things investors should be thinking about right now. on the "barron's roundtable", benson, andrew berry and elizabeth o'brien. so, ben, yet another record week for wall street. was this all about the fed, or is there more going on? >> don't get me wrong, the fed got people excited. everyone thought the forecast for future rate cuts would drop from three to two,s or but it actually stayed the same despite site some hot inflation ratings to start the year. artificial intelligence got

people excited this week. nvidia had its a.i. conference, micron with great earnings hanks to, you guessed it, a.i., and broadcom a had an invest ifer day where it highlighted the a.i. opportunity, and that a really drove tech stocks higher. we also a had a big tech ipo in the form of reddit. gained 50% of its first day of trading despite spite trading at 101 times sales -- 10 times sales. jon and truth social as a well. there's a spac that's sort of the i equivalent of aen ipo. >> donald trump's company's to going to day butte as trump media on monday, and the market value based on where this spac was trading on friday is around $5 billion. that's a very high valuation given the fact the company generated about $3 million in revenues in its first nine month if last year and no profits. trump's stake is worth about $3 billion on paper. i'm emphasize on paper. as for anything close to that $3

billion, unsure given the fundamentals of the country. of jon jon you thought reddit was extentive at a 10 times, this is roughly 1,000 times. sales, not earnings. i'm glad chairman powell, investors don't seem too worried about a inflation, but i'm not sure we're out of the woods yet. >> no, i don't think we are either. i suspect powell knows that. i was looking at the inflation-protected securities a market, and we've seen that the amount of inflation priced into those go up to 2.43%. that was from about 2.05% in december. and if that keeps going up, the fed is going to have to start worrying because it really needs inflation expectations to be anchored. but we're also seeing other central banks are in this cutting kind of moted or at least -- mode or at least wanting to ease things with the swiss national bank doing a surprise cut. jon scwk real quick, can the rally continue? >> i think it can. everyone gets freakedded out when the market's meting new highs. -- hitting new highs.

usually that's a good thing. that's how it's been such a great investment for people over time so, yeah, keep riding it. jack: one stock that's not rallying, andrew, apple, and the justice department just announced this long-awaited antitrust suit. >> looks like an overreach by the biden administration. i don't think it's going to have any real success in terms of making a major impact on the way apple operates. it's essentially the government saying that apple operates as a monopoly in the smartphone market that was this innovative system of its ecosystem of the phone, the watches, services and software. and they're trying to basically change all that. apple says if the government's successful to hamper their ability to operate, that's right. jack: what do you think of the stock here? >> gene munster, an analyst, thinks that apple makes some small changes that really don't have much impact on the business. i think the stock's looking fairly attractive. it's around $172 right now, one of the worst performers among

the big tech stock, down about 10%, trading 25 times earnings. you could see some acceleration in growth next jeer. and one thing -- next year. apple ought to consider paying a bigger dave dividend. one thing to be watch is warren buffett and berkshire hathaway. they're among the biggest holders, people will be wondering does buffett cut putt in the first quarter -- further in the first quarter. jack: a lot of people making a comparison to microsoft two decades ago. not only has microsoft thrived, but that the enabled companies like google and even apple the rise from the if dead and oxygenate the system, so i think everyone might be okay here. >> yeah. jon i want to ask you, elizabeth, about a real hit that humana if's stock has taken this year and other stocks as well. and and apparently it all goes back to medicare advantage problems. can you explain that? >> sure. that's right, jack. of course, the privately-run alternative to traditional

medicare, also known as part c can. you can barely turn on a tv without a commercial for it. it's very popular with consumers. it's been lucrative for insurer, but there's signs that the economics might be shifting, that like you said is, humana if earlier this year said that health care utilization was way up. people are going to the doctor more than they expected. that's putting cost pressures on them. and as a result, they had to sharply reduce guidance causing headaches for investors. jack: broadway joe likes it, i think i like it too. what does this mean for recipients? >> nothing is going to happen here because contracts are fixed for 2024, but it's definitely something to watch for 2025. we'll know. >> fall from -- this fall when open enrollment starts. it's possible that certain extra benefits might have to be curtailed like the gym membership, even perks for your pets these days, some of them. and premiums might also have to go up. jack: pet insurance. [laughter] let's go back to stocks briefly.

so, obviously, humana took a hit, other companies as well. is this margin pressuresome. >> it is, indeed, yeah. hue ma that's stock is down about 23% for the year. united mechanicals has a medicare advantage business and other place, but humana is the most exposed and, indeed, there are cost pressures, and margins are getting squeezed. jack: we'll hear more about this as we find out what 2025 premiums will be. >> exactly. jack: a.i. is transforming wall street as a companies try to navigate the biggest tech transformation since the dot.com boom. constellation 's ray wang shares his insight and some investment opportunities next. ♪ if muck (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) how so? (fisher investments) we're a fiduciary, obligated to act in our client'' best interest. (fisher investments) so we don't sell any commission-based products. (other money manager) then how do you make money?

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hi, i'm jason. i've lost 228 pounds on golo. ♪ changing your habits is the only way that gets you to lose the weight. and golo is the plan that's going to help you do that. just take the first step, go to golo.com. jack: a.i. is center stage for investors right now, and it's shaking up how companies do

business. my next guest says the technology is the real fourth industrial revolution. joining me now is constellation research principal analyst and founder ray wang. if ray, you're just back from nvidia's big conference. thanks for joining us all the way from silicon valley. you called it the calf vos of a.i -- davos. and, look, we've all a seen nvidia dominate the conversation, but you also have named some other big beneficiaries of this a.i. revolution the way coca-cola benefited from the invention of the fridge, to take your comparison is. could you start with taiwan semi? >> yeah. taiwan semiconductor, those are the ways of how you're building the a.i. chips. they basically put together the layer, they put everything together and connect. that's actually the technology that gives nvidia the capability, and that's a actually, you know, the future of chip manufacturing. they are in the middle of that action. finish if. jack: we could spend an hour on this, but briefly, could you explain the two dye benefit?

>> they're able to come press more profession capability with the two chips, with their two dies, and that actually packs a lot more processing power in the chips, and it's a technology that they perfected working with nvidia and a bunch of other partners. jack: thanks. obviously, software is huge in this too. let's go to oracle. harry ellison's company is going to be a -- larry ellison's company is going to be a big beneficiary, you believe. >> oracle wasn't first to the cloud, and what they were able to do that was different was they built a cloud infrastructure, they actually built a lot of autonomous capabilities in their database, and they started moving up the stack. and oracle has probably some of the best enterprise soft is ware products, and those are actually getting autonomous capabilities, a.i. capabilities and ml, and companies that are using oracle are going to see the full benefit from the cost savings as well as the predictive insights. jack: and google, which has seemed to be behind microsoft in this race, but you think there are good things ahead. >> yeah, i kind of want to

correct that misconception. google is still ahead of microsoft in a.i., microsoft has just been really good at consumerrizing the messaging and marketing and package of a.i., making it available to everyone. i think google is trying to wait a little bit longer than microsoft to get things right before they launch, but microsoft jumped the gun and forced google's hand. and the reason google's got that capability is because they've got the cloud capability and all the technology from their deep mine research and if all the other a a.i. capabilities they're been building over the last decade. jon they just need better pr. >> better marketing. better get a market. jack: i want to bring this down to the view viewers' everyday life. can you give us an example of a way in which a.i. is going to change our everyday lives? how does it benefit the viewer? >> yeah. i mean, we've got to look at a.i. in a couple ways. there's some things in terms of taking repetitive tasks, making it a lot easier for folks, right? normally let's say you actually want to order your groceries. an a.i.-enabled refrigerator

will know how much milk you need that week, how much bread you're going to want, how much you need to fill up your pantry, how many eggs you need and it'll make the orders for you in the background. other things from scheduling, roett say you wanted to accomplish 13 tasks like pick up the kid, go to the den fist -- dentist, pick up growsly, cap up with your friends in the evening, scheduling systems are going to pop up and make your life a lot easier. or you walk into a meeting, you don't know everyone's names, you don't have the context, and a simple assistant will pop up and say, oh, yeah, that's jack, i met him at this conference, and here are the five things he likes to talk about. jack: all right. i'm start ogg to hear some benefits there, although i think i can keep my own grocery lists. something you identified as what i would say as a major risk, you called it extinction risk. let's end on a bad note, ray. can you explain that? >> it's hard to end on a bad note on your show, but let's just say there's possibilities that the a.i. decides that

humans are the problem and they decide to take us out and kind of here's classic -- [laughter] you know, matrix model that will happen. hopefully, if we're smart, we'll make sure forest a human in the loop and that -- make sure there's a human in the loop. jack: yeah, skynet should stay away. ray wang, let's hope we're talking for years to come without a.i. getting involved. [laughter] >> thanks a lot. take care. jack: news for retirement saver, expertses might be wrong when they bash your investment options. a look at tools to help build ask and preserve wealth, next. ♪

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wait a minute... are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks

that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. ♪ jack: experts have been telling retirement savers to avoid afewties and target date funds to prepare for their golden year, but take a closer look. elizabeth, assets and target date funds have climbed to

around $3.5 trillion while no one was looking. why do they get a bad rapsome. >> people like to hate on target date funds. one of the reasons why is they had a bit of an existential crisis in 20322. they're these cookie cutter funds that help people save for retirement and sort of choose the year that best corresponds to the year that you plan to retire. they provide a professionally-managed mix of stocks and bonds, so it gets more conservative as you approach retirement. so, you know, the stocks go up, the bond allocation dose down, and in 2022 we all know bonds tanked, so people were saying they didn't do their job, they didn't provide the ballast that they're known for, is the model broken. and that's one reason why people love to hate target date funds. >> another issue has been the target date funds have a reasonable amount of international stock exposure, and and that's hurt them in the last 5-10 years. foreign stocks have trailed behind the u.s. for instance, like the fidelity

freedom funds which are target date funds, almost half of their equity exposure is internationally right now. so it could help if international stocks finally start the outperforming. jack: diversification means ifs always having to say your sorry. what are the benefits, elizabeth? >> for people who don't have the time, interest or aptitude to manage them on their own which is, frankly, a lot -- most of us. i don't really have the interest in doing can a deep dive on my retirement finances -- jon jacques and you're in the business. >> i'd rather do other things. [laughter] anyway, they can be a very good option, i think. so i think a lot of the criticisms are perhaps unfounded or at least the -- yeah. [laughter] jackie: jon and you can tweak them a little bit. for instance, if i think, oh, i want to take a little more risk, i could put 90% in a target date and 10% in the s&p -- >> sure. you can absolutely mix it up. you don't have to stay with the target date fund. you also don't have to stay with your own target date fund. let's say you plan to retire in 2040, but that as set mix is too

conservative. you don't want that many bonds. pick the 2050or 2060 fund. for a story i recently did, i talked to a man in his 60s who was in the 2065 target date fund. e ad conservative assets elsewhere. -- he he had conservative assets elsewhere. jack: you could do a lot worse than this. let's talk about maybe an even bigger four-letter word which is annuities.. i'm hearing more and more about annuities and retirement funds -- >> i've got to stop you there. it used to be a few years a that if an advise or said, hey, we should put an annuity in your 401(k), you'd find a new advisor. what's changed? >> these are different. the annuities that got a bad rap and sometimes deservedly so were often variable annuities that had high fees, high surrender charges. they were just not the greatest investments. but the ones that are now starting to crop up in 401(k) plans are fixed annuities which have historically been lore costs.

401(k) plans are even lower because you've got constitution soal pricing, you know -- institutional pricing, so they're definitely a newer breed of annuity, and it's worth a look to divert a portion of your 40 is k into guaranteed the information income for life. >> who should be using these? i'm 51, should i be owning an annuity in my 401(k)? >> some advisers think people even younger should contribute to it throughout their working career. i'm not so sure about that. from what i hear from advisers, you know, a good time to buy if you're going for a fixed anew -- annuity is right when you need it, in retirement or approaching retirement. you calculate your expenses, okay, i want my expenses, you know, my essential expenses to be covered by social security or aa knewty, that's a common thing, so here's how much i need. let me go buy the annuity. you don't sortover buy it way in advance. >> probably around 5, maybe even 6%. >> exactly. with interest rates going up, they're very competitive right now. jack: i've got to agree though,

don't annuitize unless you actually retire. take those time in your working years to invest in growthier things like stocks. >> all the reason to invest more aggressively for retirement, accumulate as a much as assets as you can so you have a bigger portion to annuitize. >> and if you're someone like warren buffett, he would tell you to keep it simple and maybe just invest in an s&p index fund and maybe a bond fund like the agg etf, and you could adjust your mix over time. jack: one more thing, there's a horrible expression called longevity risk. we should all be so lucky, but sometimes financial people use that term to describe running out of money. >> right. jack: what is one more way to avoid running out of money? >> just to save as much as you can, to park as a much away whether you go with a target date fund or, like buffett, a regular s&p 500 index fund. whatever you go with, invest as much as you can. financial advisers generally recommend 15%, you put away 15%

including your company match of your paycheck. now, that might seem like a ton, and you can work your way up to that slowly over the years, but that should be, if possible, the goal, to sock away 15% of your paychecks. jon and the sooner you start, the better. >> absolutely. harness that. jack: we have a pair of investment ideas, and ann true says it could be a rocky road for ben & jerry's ice creamm business. stay right there. ♪ mia ♪ man, we really need to upgrade your trash talk. ♪ nice shot... shot... taker. who programmed you?! i'll see you tomorrow. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com.

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and there's not a no look pass, double double, or buzzer beater he won't wax poetic on. ad nauseam. but oh how he can nail a software solution like the best high screen pick and roll you've ever seen. you need ron. ron needs a retirement plan. work with principal so we can help you help ron with a retirement and benefits plan that's right for him. let our expertise round out yours. ♪ jack: andrew, from the nothing is sacred fire, even ice cream is getting a bad rap? >> i know. wall street is not screaming for ice cream these days. unilever, which is the biggest global player in ice cream, is likely going to spin it off to its shareholders. it owns ben & jerry's and

breyers. some of the reason is that it's become a slow growth business. i mean, unilever's ice cream saleses are only up about 2% last year, and it's expensive to operate given all the -- it has to be kept frozen. and also to semipick effect which is affecting a lot of food companies. people worry about ice cream sales being negative live a-- negatively affected by this. it also shows some of the distortions by the esg movement. ice cream doesn't score well payoff the carbon footprint of ice cream and, therefore, if unilever gets out of the business, they get higher scores even though the business is going to be around and just owned by someone else. jack: so will you buy a punoff ice cream business? >> it's actually a good business just like kellogg, the cereal company has done very well since its spin-off from the company. jack: and you can't blame this on ben & jerry's, nestle is also getting out. >> yeah, about five years ago

they sold haagen dazs into a joint venture, so t not something that big corporations want to be in anymore despite the popularity. jack: it's all gone the way of -- [speaking in native tongue] [laughter] what's your favorite flavor? >> i love chocolate chip. it's an old-fashioned flavor. jack: ben? >> daiquiri ice. jack: elizabeth? >> anything with coffee anytime. action actionable ideas, elizabeth, what's to your thought? >> andrew has a piece coming out on anglo american, it's a leading miner. it's had a challenging stretch. it's down 24% over the past 12 months, but management is vowing to cut kohs. and it also could be acquired. either of those scenarios would be good for investors. jack: and dr. copper just recently caught a bid which could be good for the economy. ben, what do you have? >> advanced micro devices, amd.

nvidia had its investor conference, and that was good for everyone. i think it's overdone, it's fallen about 15% if its high of the year, and it looks like it's found support around 175. if that holds, looks like a good place to buy the dip. jack: all right. thanks, everyone. that's all for us. to read more, check out this week's edition at barron's.com and don't forget to follow us on x, the former twitter, and that's all for us. we'll see you next week on "barron's roundtable." ♪ finish ♪ if. ♪vised. ) bad bo ys. whatcha want? whatcha want? whatcha gonna do? get out now! get out of the car. get out of the car. get out of the car! how much have you had to drink? (singing) bad boys, bad boys, whatcha gonna do? [police sirens]