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For the week ahead and object other coming from fresh Economic Data markets and missing from georgia makeup from the fed investment strategist greg peters shares his expectations on the means for you as growth and then general was mask co2 governor in 2018 breaking of the business seems to be the key to the companys newfound success later think of any obesity drug market as their beauty of first we begin with our expert panel and three things investors ought to be thinking of, right now barrons roundtable invented meghan leonard, thats a bedroom of the most of the biggest kind of boring the stock market but then, the client think of the s p weaved up right now second is personal why, since 2021 spec and the s p 500s upper 60s for the last 18 weeks since 1971 when buddy delegate and it was an interesting way because god this inflation number from the pc report that was hot but it was not cool either in the market seem to brush that off gdp numbers were revised not a bit but not enough to bring people First Quarter gdp is morning at about 3 percent of the economy is doing fine that we have to see the inflation commander right now just dont seem worried in the market just keep sticking up c1 an interesting part of the market is russell 2000 me talk a lot about because is been awful for so many years but small caps captioning a bit of the equal weighted index doing well is a sustainable men think that these microcap stocks and then done really well enough people are thinking about, i can take some off the table here as we see things like apple so having a good year so far agoura phobic, not doing much but you have othr socks are starting to get involved in this rally think this really good thing for the market and investors looking fo. My guess muchneeded when you look at the rehab. What we have june and this is warner bros. Second sequel to the first one looks like its want to be back in the movie theaters needed to be one seriously i thank you so going to be the payrolls report to be too hot that will freak out the fed will be watching which is closely comes in hot thats one of your problem. Meghan keep in mind this report is really critical that all of the february reports will be critical because we saw a lot of noise and those january reports as of the next round, really needs to be a little bit more make it a record to determine whether january was a wife we do have some transfer the need to keep her eyes on. Jack friday morning is always exciting you mentioned apple was talk about the not going to happen apple car i think the most succinct summation of the auto industrys response was to emojis in the tweet from elon musk. I feel vindicated, he did not make sense and i never me since we been talking about an apple car for almost ten years, 200 using many years ago this was a crazy idea. Was obvious why apple would look at the autos 2 trilliondollar industry and is a large market but is not a very Good Business and apple makes 30 percent operating Profit Margins and toyota makes ten just a leisure did 9 percent and apple has 25 percent market share of the phone business and toyota has 12 percent of global core marketing that is more competitive capitalintensive and more regulated industries not forget business is under the can focus on things like a i come they said will you know what forget the car c1 will more good news for tesla when the Biden Administration announced that it was looking into chinese courses a possible National Security risk. This represents for me is another barrier the chinese are the makers will have to hop over to bring the course of the u. S. Is already 25 percent tariff on imports and you really need to capacity your to sell the cars here and as a barrier for the chinese takes years to do in the now, biden is going to look at the National Security implications for some of the cars so it may supported general motors, they have time to get ready to compete with chinese. Jack we saw the super gardens minor note 20th and now to sell it for lamborghini. Will the crazy thing about that, if your independent company, for ra, ports, 160 billion market cap but if your massmarket maker that makes expensive car semaphore to gm will to a good basically is a market cap severe independent great command of your benchmarking automaker like the drive to their wealth to you have a cool car not meghan, ive learned you people are abandoning, dating apps for the doing going to for people something. Megan amazing theory right like or for parents or grandparents we believe it might bring that back no seriously, we have bubble coming of the earnings earlier this week, one for many many reasons but the structural issues the dating apps viselike. Com mesh group are actually dealing with at the moment so we have these issues where eight on ten College Students have no appetite for dating app not currently on as we had when for these folks that course match is movable next ligament they missed revenue there i looked another great and so a lot of folks are saying that you know, this is not just the issue with john davis really is on having the situation. Of these companies what they can do to find a new life for my business or trick with drinks speeded we actually are from the visio a bubble so choose pretty get a fervor timeout with the Earnings Call and she did say, that you know, but only were going to have to use of the traditional metrics and bubbles coming out with a new app, so dont have a nice but there also morning southern dry organic methods so you know that means in person at certain length sort of see that a lot of folks are actually sort of experimenting with this weve seen some speed dating events coming up and so if youre in the new york area, near interesting, live does look like theres a possibility. Jack organic doing sounds good to be alright meanwhile organic inflation data coming into the lungs levels in three years for the days of percent Interest Rates are behind us, greg peters will tell us what god might not you always got your mind on the green. Not you. You your Business Bank account with quickbooks money now earns 5 apy. Thats how you business differently. Intuit quickbooks. luke so. I hear some of you are concerned about the fact that im taking over the company. Well, rest assured, companys in great hands. Marci, hit the vid. both lukes homesdotcom. Weve done your home work. luke now, that is worth celebrating brad i love it. luke thank you. brad home. Work. Very clever. vo ding dong luke vo homesdotcom. Hey you, with the Small Business. Whoa. Youve got all kinds of bright ideas, that your customers need to know about. Constant contact makes it easy. With everything from managing your social posts, and events, to email and sms marketing. Constant contact delivers all the tools you need to help your business grow. Get started today at constantcontact. Com constant contact. Helping the small stand tall. Jack Government Data this week giving fresh insight of the economy federal reserves favorite inflation eight coming at the lowest annual avoca just march of 2021, we will fourthquarter gdp was revised slightly lower down to 3. 2 percent from the advanced reading of. 3 last month. My next guest it is healthy for the economy the days of 0 percent Interest Rates are over joining me now is fixed income closely oh, greg peters and think you for coming by the studio. Greg thank you for having me. Jack thank you is are you early on the higher for longer trying wall street coming down around the view but what is interesting and this is the disease really better this way when youre in for the days of financial repression. Greg i think we were coming off of infuriating. The many folks forgot how was so typically the Interest Rates are higher because brothers pretty good theres a little inflation when this massive q. Week a zero interest rate, we kind of perverted the focal hundred kind of investment realm so i think we are much more normal environment and then also the reason why that we think the race will remain higher hello discipline because inflation before, citibank and rivette inflation flow did not have to worry about it now the deal see what else was where things happen when money was free right to me at cummings like we working, going crazy and just bad allocation but one interesting thing now is we have what we also have not gone back to the days of 1 percent growth 3. 2 percent of the most recent franklin those higher than anybody was anybody expected what is driving out and we should point out, that is inflationadjusted. Greg while, yes, i think there are several factors, the versus fiscal so theres been adjournment is amount of physical impulse and do this is to think that matters is better lot in the segment is the expression of the labor force what is really positive grossman immigration and so just having a wider swath is been incredibly valuable from Economic Growth perspective as well as disinflation as well tuneups in the margin there and wage growth receive higher wages and i think leo having a broadest bath of workers earning more for more balance economy in the last is higher rates on savings right i think that the additional income, the savers are getting, matters to the discretionary spinning side to any first one come about more physical, is a danger thats kind of unsustainable the government just many many to drive the economy that cant go on forever in this light like a sugar high level come down hard for them. Greg while it will be a long sugar high because we do not see that changing anytime soon so i think that the fiscal deficit is here to stay if there is one thing both sides of the aisle can agree on coming into many semaphore not cutting at least, so i thank you so the world that we are in bed of all of the things that i remember tickly in the u. S. , the fiscal deficit is not one of them. Jack will sunday will be a problem. Greg sunday. Jack followup immigration that half the countries in big problem and of the other half is big problem about biden and trump in past week, when you think from an economic standpoint of that we actually should not be as worried about securing the border. Greg think theres two separate issues on the political side of it which im not touching but from the economic side, hit is just map right so just having more workers to prosecute liber is incredibly awful as it was the u. S. Over the past decade or so, particularly when you look versus japan from you look for versus your immigration because the shrinking population is a tax on those economies had a full sound growth is of the fact that the u. S. Has had inversion that entire time has really helped out and helped in the numbers last year and it looks like its going to help this year as well to one just about out of time are a fixed income expert and you like Corporate Bond is the best terms of the fixedincome real why. Greg the supply and demand dynamics are quite remarkable looking at a real shrinkage supply on a net basis the back half of year. It is higherquality and so youre not it would have to worry about the credit component is much as you do in the highyield bonds and other types of things. Jack but you get a little bit more the treasury and greg peters thank you so much and the ge is getting a makeover and will get have a breakup of the company could be investing limu emu doug bell ringing customize and save with libberty bibberty. Liberty bushumal. Libtreally blubatoo. Mark that one. That was nice i think youre supposed to stand over there. Oh am i . Thank you. So, a couple more . Well just. Well rip. Well go quick. Libu smeebo. Libu bribu. Limu bibu. And me. Doug hes an emu only pay for what you need. Jingle liberty. Liberty. Liberty. Liberty. So. Were engaged were engaged congrats carol your youngest finally popped the question. But now, youre really going to have to get those new dentures. After all, you need a smile that matches the moment. So this might be a good time to mention that aspen dental can create natural looking dentures in no time. Just for you and that comes with 0 down plus 0 interest if paid in full in 18 months. 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General electric whispering when they took over in 2018 incident, is been moving aggressively so business lines and or the stock has doubled during continue biggs stuff comes islip and jesus embraces two remaining businesses aerospace and power story in barrons this week our very own help route so alkalines get one thing out of the way first maybe get a gui bulb and you can get a ge fridge is actually ge smith was on the lighting was old in 2020 nasal the appliance and toaster ovens or Chinese Company in 2016, the summons now aircraft engines, Power Generation equipment, and she wished but often right to the scanners know the medicals of it takes her pictures see what i one point, jean was most valuable company in the country and obviously very rough time there another stock is back to 1990 levels great turnaround. Al i think two things, theres an acute phase in sort of Strategic Planning phase when he got there in 20 think of intuition dead and deteriorating cash flow things about his medicine and first money visually was zero, to dividend two opinions year, and started to sell assets is that we have to fix this Balance Sheet no matter what is lacking fast and admitting he stated that ge was then, no interesting link to me is the first outside seal for them from the police we sort of have some of the legacy baggage maybe of the other managers thats reviewed and then everything started to stabilize for the patient say police of the best thing is were going to split this thing up for and having the vision but really taking the medicine i think was very important. Jack also be sent to bombastic and is kind of the jack welch suite 30 300. Al i think this. I dont think we need to write jacks performance but you know he revokes he was always on cnbc neutron jack was his nickname because of what we do sometimes to cut the cost to be aggressive and larry cuts costs and is the think while we characterize that is more softspoken was very different videos for this was a just multiple ways to make this thing work. Jack i have to ask, the stop doing voted into the split into a want to think about buying. Al so i think that if it were me recommendation to buy ge, build it and check of in your help to shares and said muncher the valuable links will increase over the next year and g aerospace and challenge is trying to get to find 70 and wall street to save edward about it, dominant producer of aircraft engines is 35 percent market share and commercial aircraft and loss of defense engines as well good margin is super stable business that was when we led by very nova the power business gas turbines and windmills, electrification things for utilities in the grid this a turnaround that had weaker margins to moneylosing businesses they have to improve that but i think that just keep it simple and hold ge. Megan but one by the company is already spent also what about Health Hearing is that the buy sell thing. Al reprinted in march of 2023 i still think that it is a bite and 21 times earnings which is a discount to some of his peers which tend to try to 23 times, learning to now 20 like this is intimately coming on the improve the margins in your one more r d investment in the most really expect them to continue to improve the margins was like in the early stages of his life is an independent companies of like all three. Jack as they mris the cat scans in those types of things. Al sales and software and thats when she doesnt. Megan but theyve done pretty well with the spinoffs and so is the playbook for others to follow. Al i think sometimes these are cyclical and survives we look on bombers because our diversified sometimes is the rookies it was with them up we will be focusing i do think that well you like this idea sort of identify this focus building of a business meeting out, and hes goodbye and dana does this all the time, three able spend out to help your business would you like this sort of a Business Strategy and keeps the bankers employee force to a 19 years put it all back together and so i buy the company that just does posted notes. Al you know, only the healthcare portion of 3m is going this with a capitol raising because they face a lot of liabilities associated with some earplugs and some water pollution. And so with 3m, this also about 55 percent of the value of the star for the last five years i miss all of this turmoil for the health theres been which we may become a solvent which is will there you go never be with a look but 3m, still faces so much uncertainty tough to recommend that one see whatever they solve problems and now Megan Griffith investment ideas and bends as one who put emerged as a competitor biggame obesity drug bankers, stay righ when youre a Small Business owner, your todo list can be. A lot. [ cellphone whooshes ] [ sighs ] thats why progressive makes it easy to save with a commercial auto quote online so you can take on all your others todos. Already did. See if you could save at progressivecommercial. Com. Businesses go further with 5g solutions. Thats why they choose tmobile for business. Pga of america and tmobile are partnering on 5gpowered analytics to help improve player performance. Tmobiles Network Helps aaa stay connected nationwide. 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C1 investors in eli lilly, little concern for this week and then investors got their appetite back for the shares, but there still a new player in town, and the obesity drug market. Yes viking therapeutics commanded really summed out of the show the house and obesity drug lyco ozempic or become of the looks like it and maybe working anymore than doubled when this release came out and you did see a bit of a pull back in eli lilly and it is will these are big deal right on the really a i healthcare world. What eli lilly, probably showing the role of nvidia with i newcomer this place where these companies you know you can show that you have something that works in getting up big bump but at some point of this would be opposition is not the right now. And that is going to be folk could be a problem for some of the stocks in eli lilly for instance is gained about 150 percent of the last 12 months, 55 times earnings and you need to have a most to be able to stay really hold off the competition finally be manufacturing, this would be interesting to see what happens here with these drugs. Jack i like the analogy its interesting on this excitement theres a lot of excitement beget further thanks, but some point, get fully priced and into the shares and are we there yet. I think we are getting close, 55 is really high special for stock new competitors and follower and i think that you see more of these you see maybe Something Like a viking therapeutic you purchased by larger competitors manufacturing capacity some people start to think how much of the market is eli lilly going down c1 hospital actual beginning april 15 as of the faraway and you have some advice as we sit down they have that awful taxpreparation project when these weekend. Megan i am in the midst of them is also interest of the fear here but i think that the big thing right now is when youre going through everything, it is worth running the numbers before you just simply defaulted center deduction, maybe run some numbers and see especially if youve had a lot of medical expenses, so you know, you can deduct qualifying medical expenses if they exceed seven and half percent of your just a gross income like a lot of those things out of life as mri scans so you can sit there and that includes things like nursing home costs, other care facilities headed delta games you know your longterm Premium Healthcare and things of that nature so lost their loss to go through run the numbers to what is good advice now. Al and ups for the magazine, that i agree with him and earnings turnarounds going to entry point and ups, look around you for your portfolio c1 nice and thank you allen making a man all great ideas three more check out this Edition Edition of barrons. Com and dont forget to follows on the next at barrons online that is all for us and we will see you next week on barrons roundtable