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2-5-15 Full Show

Feb 5, 2015|

2-5-15 Full Show by The Financial Exchange

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

Where Jerry Armstrong here today. In the financial exchange I'm joined today by Ryan Fitzsimmons he's a sales manager Boston solar but we're here to talk about the benefits of solar power Ryan welcome to the program that slot there Ryan I've heard that for the first time solar is now cheaper than utility power meaning I can get solar power off my roof for less money than it would Cosby from national greater northeast utility. That's absolutely right we at first time ever at the point where solar energy is dramatically cheaper than utilities and utility makes this easier every year. By reason the rates the bulls solar power is getting cheaper and cheaper thanks to dramatic drop panel cost and lots of lucrative incentives in Massachusetts. Where the point now in the average rate in Massachusetts is right around twenty cents an average rate for for solar energy was to level as the cost. About six point eight. So with a lot less expenses a lot less as a panelists now. So what are the available incentives what do the tax incentives for putting up solar power short. If you're hopefully get 30% of the cost back as a tax credit. There's also cash it paid every quarter for ten years based on the production system on top of the 30% on top of 30% in Massachusetts is another thousand dollars is a state expert at night. Folks don't get solar power until you read the solar guide it's a fifty page article our guide if you will. That will teach you all of the benefits associated with solar power the phone number to receive the free report is 866698. 9323. 8666989323. You heard it here First Solar power is the less expensive. In buying electricity from your utility company it's that simple about a third of the cost. Would not pretty call toll free. 8666989323. And my friends at Boston solar will mail you a 58 page solar guide. Don't buy solar power until you read the solar guide 8666989323. A state in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk to you about the law firm of Cushing handle it in creating a state planes for folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion when it comes down to a state planning do you need to revoke Coble trust do you need an irrevocable trust and what's the difference you needs an expert advice and they put it together free guide it will help you decide the best plan preview this free guide the differences between revoke global. An irrevocable trusts is yours for the asking call 8668485699. They can even show you how it's possible to eliminate your state taxes I love that part call Cushing handle right now to get this free guide 8668485699866. 8485699. I'm going to gross. Into the low. I can't say. Most of basketball are. Yet wherever you're going the quality gasoline and ExxonMobil stations of the energy behind your journeys they helped engines run smoother and help improve fuel economy to. ExxonMobil energy lives here and Exxon Docomo mobile accomplish details. There's your basement or crawl space have a damp musty smell. Well watch out that's a sign of too much moisture and not enough ventilation and that can mean increased mold growth and a buildup of harmful toxins and gases don't bother with the 1888964. Way. Are you ready to retire the question is actually more complicated than it appears because it demands consideration on two levels first there's the emotional component are you ready to enter this new phase of your life. Plan for what you'd like to accomplish or do in retirement second can you afford to retire will your finances support the retirement lifestyle that you want. 8668106422. I would suggest you call now 8668106422. Securities offered through securities America ink number fin rot SIPC in advisory services offered through securities America advisors and Barry Armstrong represented their arms and advisory group Ministry's American companies are unaffiliated. And. Your words hold on your checkbooks and did your portfolio break. It's time for the financial exchange with Barry Armstrong and Kim Keller again from Wall Street -- you're street Berrian came and you've covered in the financial exchange with Barry Armstrong and Jim Carrey again. Hi everybody. New England. Don't work he's definitely. Out. It's nothing to worry about it listen I love meteorologists like god knows I've spent a lot of time with my know how hard their job is it. Really it. And that's it it's given right after I get off the year and I don't play I know. All right we have a lot of breaking news network covering during today's program odd jobless claims came in. This morning another really good number on the jobless claims for a 270000. I. It will find out the few minutes but I'm pretty sure. That means that unemployment. To moral right right I am pretty sure that means it. Whether it's more or whether it's in May. But that number sticks to set and he looked Ian unemployment rate of about five were five point 3% where where were we back in. To post up. Well posts. Here we are low and promise percent 5%. This be as low certainly recovery yet this recovery mode when we haven't seen. Is wage growth and beginning to act as well in the course of these programs he there's. I used as you know I've been predicting wage growth. And keep saying I'm not seen in my future policy in the view I'm hoping that's like. I recognize scene yet I envision being sort of a slow build and buy. Maybe the third quarter. I think your beat EC at UC stronger wage growth this year the new capital says that's right in the states and act there. It's it's yeah starts on our pitches and you couple lower or higher wages with lower oil prices in that really helps the working. So. Bill Gates generally easily say it is Microsoft's. Only. It's it's. If we if you when you reap the average like me. Headline says donates one point five billion dollars Microsoft. Can ease eighties up. She must go crazy. Then you look and you realize he's worth 89 billion for a hit and and it. It makes sense but he gave us some 33 million shares. Of his stock away. And that stocky gave to his foundation and it's worth one point five billion that this isn't uncommon for as a shareholder in huge company like this to do this is to give away it stopped. Charity he warmed up it started gates' company profit for our nation. And from what I've read him and correct me if I'm wrong. Seems like here. Primary focus is now. Absolutely world out scenes in and will help clean water clean water that's that seems to be direction and my impression is Warren Buffett is now a lot to do with it he he tries to help raise money for bright. But bill and Melinda you know the ones that are actually do work well I think you know the difference between Warren Buffett and bill and Melinda is that Warren Buffett still works. Bill and Melinda this is their work I think now you know I mean he is how much is he really have to do Microsoft anymore he's gonna 3% stake in the company. The question I don't know that I don't think that the place he goes every day to you and sits in office though I don't think it is now I'm curious you've got such an L running the. The stock he has you know it's the rallied on the news that the three Ballmer. Was leaving. And it's tree 42 now in his eyes fifty dollars during the last year. You you know curious about bikers out by sheer fright symbols and that's T. 42 dollars doc. You're getting dividend. Paying three point 1%. So yeah eve say to yourself you know Microsoft's own way now it's not is is in a back up to fifty maybe goes up and I don't know. But you're getting paid 3% annually for arugula absolutely it's just a consistent stock it exists and you make some money Dave brought up this incredible ideas because I mean he has had an incredible idea hurting and coaches summit that's how often I come up with either. I was in my office he's over his and yelling back and forth and I'm telling him this story. And he said to me you can just imagine. If Steve Jobs. Would have flipped. And he would've. You know not maybe had some complications that he had with apple. So you know I guess I'm saying you know my hat's guys were higher priority is more deja billion dollars thanks to his company he started at. Just think what Steve Jobs would be right. And I met better company you know any any it's not like he died deport me know by a slice of life not on food stamps now. He's at that again that we know what to do with that needed. Mikey picked besides investing in technology was so I think your point is he was not charitably inclined. Steve no not necessarily mean he wasn't he wasn't like negates all we know he he was rarity he was not I'm just saying he was not sure if he's not I'm just thinking either giving to charity or invest in attackers on a direct. He's not he walked the walk to work is or by about ego or on it right now directly about Tom Brady it's the same type. Ryutaro what Dionte disorder real estate and doesn't by any night. He I think he just by more black turtleneck mock turtle accidentally hit it there. A river had you should about himself because he's not at all he said that called OnStar. It's well I I. Booking you're gonna win but the guys that don't act out about Steve Jobs. A holes he was they're a very I don't know I feel confident and I feel probably I'm already tells you right. I know more than others being asked him. Outnumbered smells great bit apparently Steve Jobs and although it's not exactly you'd like just look at it are you kidding that's at the army. Let's change your don't talk about ever source energy. Raising their quarterly dividend. And here's the problem frankly I don't know who many of us our customers of this company Northeast Utilities. And you read that there are raising their dividend by six point 4% on cinemas selfless sentiment and my electric costs. Of guy he take a look electric off. I can't I can't bear to do it it's it's bad it's horrible you know year your electric bill. Is now I'm not gonna say it's all being eaten up that he be the savings that we're getting and gas grill it's to some degree. Are are being socked away from us by the increase rice increased price in electricity. Now if you're an handers ever source energy stockholders the symbol for the stock is and you. You're getting a race yet the dividend right now is one dollar and 57 cents per share is raising by six point 4%. It's gonna go to 4175. Per share so. You're doing okay every year your you're eager you're doing okay. And if your customer who they may not remain at the saints and send. Sense I guess right. Boston Scientific. Boston Scientific they had they had a good quarter. Now apparently be Sarah. Our income was 87 million or six cents per share and adjusted for onetime gains and cost it was 22 cents per share. Earnings beat Wall Street's expectations that revenue. One dollar and 89 at 181. Point 89 billion boy oh boy. That would be a Marlboro that brochure amniotic where we're really bus Barbara. On and been let's take a look at GM delegate news we talked about Sheehan yesterday but now we have profit numbers on GM. There are stock. Up to date him that well yeah I'm sure they are because they beat expectations yesterday they did. Very well they're great for weeks we talked about this it was their suvs. And across is it crossovers and the like 91%. Increase in profit in they had a really. Despite the fact that they had you know a lot of recalls it didn't matter in India and it's gonna turn out. That there their employees are gonna reap the benefits of this each one of them looking at about a 9000. Dollar profit sharing check. You know it was the union was of the opinion that they were gonna get screwed it up there right to vote yes. And Mary Barre I am not ready at the jury's still out on America I'm not ready to Kleber. This quarter certainly helped her it helps it helps and what I wanna see where do I wanna see Indians in a nation. And I want I'm waiting. It would went all buy more stock in GM when I see him come out with a vehicle that I have the right. I I I'm gonna blow I I need to rush out and buy that they've done it yet. And that's. That's the true test of the CEO in my opinion right. But she's making some good moves here taking care of the workers right she you know the the union but they're ministered because. They said while we have these you know all these recalls three billion dollars worth the recalls the recalls are not the fault of the union. Be there recalls the fault of the engineers who did the design. It's not the fault of the guy if if you're on though if you're in the assembly right we could design. Sure you're just do what you were told to do well apparently that's how Mary Pierce he's because you she is you know she is state that would be smaller by 2400 dollars. So the union did. The I think the only thing I'm disappointed about when it comes to Mary there. We never saw anybody get loser job. Hillary released well here yeah. Not really you know I mean there was a couple of people who I mean you lost a couple people lost jobs but nothing was ever done W it jail. Nobody went to jail nobody was even charged. And I don't need to know that I think those people paid some kind of fine only needed anything. Right ages and ages were title bout the deaths and how they were told disappear. And if they're doing a good job of compensating people and they've been on time and they did they've done what they said they would do. But I was I'm happily that's why markers out yeah I just wish it would have been a little more dramatic especially after we found out how many people. Home I got great deaths yeah. Third or so and how many people were maimed as a result was astronomical. And and how many people milling covered it up. Party up next we're talking about oil is a headline in today's Wall Street Journal says why cheaper oil does not always lead to economic growth we are going to be joined by Korean boss stuck. He's the chief economist for triple I associates that's next on the financial exchange. Barry Armstrong. Again right here on the financial exchange radio network. Investors searching for relatively little risk investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with a impressive. One point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent AP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and earn annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings rate subject to change without notice member FDIC rate effective November 4 2004 team. Boston solar is a leader in providing solar energy solutions to residential homeowners and commercial property owners throughout New England there has never been a better time to look into solar energy for your home or business with continuously rising electric rates solar now empowers homeowners to slash or eliminate their entire electric bill Boston solar has a free guide that will detail all of the benefits of unlocking the financial powering your whole call 8666989323. To receive a free guide on the benefits of solar energy that 86669893. 23 Boston solar offers affordable solar solutions and can work with you to maximize all the federal and state tax incentives call Boston solar today with a free guide on the benefits of solar energy 866. 6989323. That number again is. 8666989323. This season powers and I'm doing today by estate planning attorney Todd lucky. Final off permit Cushing and talent with your legally exchange quick tip of the day. Today we're talking about last minute cleaning techniques for the procrastinate or they can help seed your assets if someone goes into a nursing. Todd can anything be done to save the liquid assets of an unmarried individual. Yes there are some things now remember it's never as good as as advanced planning. But it's better than losing all the money and that's really what the goal this. In order for an individual who single to get on Medicaid. They have to have less than 2000 dollars and often times they won't they'll have you know few hundred dollars and if that they saved over their lifetime thing. Well that bucket of money is there the individual would then have to. Purchased one of these Medicaid annuities and please let me just throw a lot of reminder. That these annuities cannot be purchased prior to someone going into the nursing home case so don't let somebody tell you that they can tell you Medicaid annuity today. It's a last minute planning technique. And once you buy this annuity let's say you take two or 300000 dollars up excess assets. And purchase the annuity then Dulles access assets are converted to an income stream so value and S and have less than 2000 dollars of assets. Because that. Big chunk of assets has now paying out income stream a monthly check you'll receive. Over your life expectancy whatever your life expectancy is that's the term of the annuity. The moment you buy that annuity you're now eligible for Medicaid annual stretch out the money make it last. Lot longer folks if you are single warm married in their feast with a nursing home stay in the air is something that can be done to save your assets last minute that you need some guidance. Call our office right now for the brain a guy from Cushing and Dolan. Cleaning for procrastinators. 8668485699. That's 8668485699. All the best in business is right here. Barry on the stroke and can carry him. On the financial exchange radio network. In my head if. It was lower oil price but generally I it's. I I find it to be stimulating effect on the economies at least on a personal glacier right sure. I mean I don't like the fact that I keep hearing about more more layoffs at a love that part that I I can't find any problem with it personally there tonight. But there's a headline in today's Wall Street Journal says why cheaper oil doesn't always lead to economic growth. We're gonna talk to careen Boston who's the chief economist for triple lie associates to see if he concurs Korean welcome to the program. Good morning so. Where do you stand on this state deer there are. People who are suggesting. That cheaper oil is is gonna have a negative impact on the global economy and then our domestic economy do you agree or disagree. Well I think there's. You know I think the starting point. I think most. Analysts would say you know there's there's certainly winners and losers. To lower oil prices and I would say for the US economy is. Unequivocally he a positive. I do think there are yesterday winners and losers within the US economy is use world leading to. Earlier and they may be you know system timing differences where. You know perhaps the benefit to consumers is spread out over you know the next six to twelve months where. Some energy producers. As was mentioned earlier today announced layoffs immediately and so. You know I think it's sort of a byproduct of this dynamic that you know with the but losers are very much concentrated. In easily identifiable. And you know easy to make. If fairly dramatic headlines about whereas the winners are you know were very broadly dispersed then. There's that you know big gains. Take place over a a more extended period of time. So we sound like a company like Weatherford in for an international Korean news cutting 5000 jobs or 9% of the workforce. But one would think at least my theory has always been okay. They're laying off 5000 people but these cheaper oil prices are going to allow miner electricians homebuilders and other manufacturers. Hire more people in mind the make it does that make is that just logic. That's exactly right and yeah and I think you know the you know your your there was another article dimensional to journal this morning about you know home builders seeing you know much stronger activity over the last week in January and so. Yes it frees up more disposable income for down payment for home improvements or trouble for. You know other forms of discretionary spending so yes I would I would concur. What is it what's the impact on some of the emerging market countries like India for rent for instance because the emerging markets have been. Hurt quite badly. During the last couple years. Right so I think there again there's you know. Many many different you know winners and losers I think India in particular is a net winner at their large importer of of oil. I think you know the the journal article your reference to earlier. I thought brought out an interest being points which is you know in many emerging markets that our oil importer. They've had oil subsidies. Basically and so. This kind of allows. Band to recuse those subsidies. And you're not inflict. You know pain at the pumps those beat him in doing so it so it's really means. Allowing them to. Addressed them fiscal issues at a time when you know detail in our our support of. Are you talking about China racing there reckons fuel consumption tax by 50%. Of the then it's. Okay Wheatley we agree that it's its overall going to be a a positive. It also occurs to me it it should have. A big impact on America's income inequality because somebody who's making 50000 dollars a year in spending 200 dollars a month on gasoline. When he drops by 50%. That has a big impact on their household budget as compared to household. That might have income of 200000 dollars a year and gas drops by to. That's that's exactly right. Being actually JPMorgan wrote. The the research on that. Very observation yesterday. But yes the the lower in come. Groups spent much higher percentage of their disposable income on podcasts so and they have much higher. Repent duties to spend than the upper income groups so yet by definition. You know that that that's actually one other you know more important reasons why it's been that big net plus for the. Doesn't look likely at least the stats don't show them spending it yet though doesn't mean it looks like they're saving and paying down debt which I I think. For the health of the consumer it's probably a good thing but it's it's not helping in terms of what our will see for GDP numbers. Yeah I mean I think it into that that data has kind of been volatile month to month but you know Q4. Real consumer spending was up. Four point 3% which were the strongest quarters since 2006. So the December number in reach just they'll certainly week in you know that got a lot of attention but you know juxtaposed to. You know what we're very strong October November numbers. You know I think. You know the consumer cynic and at the year. In terms of the the quarter and on a strong. Yeah what are you looking at tomorrow cream what are your projections tell you for unemployment tomorrow. You know I occasion I thought it just a hard number dale you know I I there's no reason really in terms. Oh consolation abated think you know what I can see something other than you know what we been seen somewhere in the bid 200. On on payroll I think you know at the peak. Focused are actually will be the average hourly earnings the last month I think was the weakest month. Average hourly earnings then. Maybe ever spent they construct the new series so it did seem like. A bit of an out liars I think they'll be a lot of expectation for sharp rebound in two correct what looked like a bit of an anomaly. These weekly claims numbers have been a pleasant surprise given the time a year. They they have been and you know I think that we're one of the you know primary factors in you know past being confident that should cease. He's coming in the mid 200 you know dale claims below 300 as you know very much associated with that I've been to opera. The there I would think that claims being low would also tip the hand that you're gonna see some wage growth. Right yea if if no employers are firing people that means it's harder to find replacement workers. Yeah I think I think that's definitely 11 reason to do so I think the other an understatement I think you know hours. Work or overtime hours. In Q4 the strongest in the past fifteen years and so you know I think there's. Only he knows so much you can. Do that is they respect only goes so far he can make people work fifty hour weeks or so. So yet the next. But I would with the match it would be wade is beginning except the bit more. Good that's or open for green thank you very much. All right you two Korean I is the chief economist for reply associates joining us today when we come back where it talked about. Under armour in Tom Brady's relationship with this company that's next. This is the financial exchange on the financial exchange radio network. If your landlord pay attention it's the first of the month rent date time and chased down late payments and organize your files for a trip to the bank now you can take back all that waste of time with something called easy ranked leader banks in new product Z rent automatically deducts tenant rent and deposit it into the landlords account making rent 81 less thing to worry about visit www. Z rent dot net now to learn more no more checks more trips to the bank no more rent payments to lead or lost in the mail tenants pay nothing. And for the first six months it's free for landlords landlords go to www. C rent dot net to sign up then invite your tenants so they'll never worry about late payments again visit www. C rent dot net to learn more call 7816418691. Sign offers he rent that day and take that axle out of right date for everybody. This is very strong and I'm joined today by estate planning attorney Todd what's key from law firm Cushing in Dolan. It's time for your legal exchange quick tip of the day. We're talking today about the different ways that you can only real state and taught it wanted to ask you this one. What are the implications of transfer your whole C just take your hole and you give it to your children. In order to protect it from the nursing my ex he had somebody asked me this yesterday sixty years old. In the heard about this thing transferring it using only. The state here. Kind of makes my teeth itch. Really you know GAAP putting your kid's name on anything while you're living is frightening with or without the life of state so your question was interesting it was. At least using a life estate does provide the parent the right to live there that some protection I I feel better about that. But I really don't like having the children's name. On any property. For the following reasons one when you do that it's a completed gift to you've lost all control over your order anymore. I worry about if the kids go through a divorce and ex son in law the ex daughter and when your house like that. Number three is it you know Ali you know I don't you've now subject manager just said Barry took their creditors and doesn't necessarily have to be divorced does he could be a lawsuit business failure anything. Could be any creditor and so the field basically that creditor has the ability to get the asset to pay them back which means you lose your home I certainly don't like that idea not to mention there's also a tremendous amount of tax problems associated with doing that so don't. Don't do that. Our rate I've got some advice. Or you learn the best way to old and protect your home your vacation home in your rental property. Call for Cushing and old brand new guide to the risks and rewards of real estate ownership 8668485699. That's. 8668485699. The guide will teach you all about the risks and rewards of real estate ownership. Toll free 8668485699. If you're thinking about retirement in the next few years it's time to make some big decisions do you know how to change your investments from a growth portfolio to one which generates income do you know when the optimal time to collect your Social Security is did you know that if you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injure children there's so much consider before you stop working and we've put together a 26 page you re tie aiming guide they can help 8668106422. You've worked your whole life saving towards retirement doesn't it make sense to get professional advice to make it last 8668106. Fourteen until. Securities offered through securities America ink member finreg as a PC an advisory services offered through securities America advisors and Barry Armstrong represented at arms and advisory group in the securities America companies are unaffiliated represented as a securities America do not offer legal or tax advice always seek the price of a professional familiar with the laws in your state. Hi this is very Armstrong from the financial exchange recently I've been hearing many reasons why we should consider buying gold geopolitical uncertainties stock market corrections you name it I don't disagree with the idea of buying gold but I have always been suspect of the ads that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I owned gold and I bind my gold coins from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights of Belmont Burlington and Central Square Cambridge bank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917900. Or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. Follow Barry on Twitter at Barry G Armstrong its Barry Armstrong and gene Kerrigan. On the financial exchange radio network. You guys remember all of our trivia questions have already been posted on our. FaceBook page we are the financial exchange on FaceBook and here's your first trivia question of the day. Who was. The city of Houston named after you know the answer to that these text us 68680. Is our text number. Who was the city of Houston named after and our tax number is 68680. Cannot look at it under armour and the stock is trading at 7382. And actually owns some of their clothing I do and there are. They make peace. When he column and leave here skin tight. Nine lawn you can probably worse right the the the video about. 150. Yeah and me and disease beard they're not doctor the command how yeah its management at. Moisture so acting fabric. No it while I generally need to get to have his teacher and right at the wind completely out about them and Wear them and I still don't look like Tom. I'm sorry. Was I thought that was part of the deal that is you would think it would be. You know we I can't say we have more under armored car houseful then you should about stock I yeah which it bought stock embryo be shared you're stuck with me. But anyway they they just bought this the accord this company called my fitness now it's actually an electronic so can elect. Like would in the called those things that delicate fit exactly. This wouldn't has to do with caloric intake in the can I think what they're really trying to do experience. There on line presence in the online world you know their digital world. I'm at and through that digital world they'll learn more about consumers buying habits frankly I think that's really comes back but. They've now surpassed. ID is that the number two really. Company in this country of course in ninety. And we we talked about Tom Brady because you know numbered is their spokesperson has been since 2010. And despite owners' right to and they attribute a lot of their success to him being. Face to their Berea today sign her as well yes again she's been signed. Within the last you make yoga pants that yes they make women's clothes women's worker I own a lot of them sound of it I love and has stayed. Nice. It and they don't pale. You know laughs yeah yeah need these washes you know I watch all those clothes a million times. And they really do well and ridiculously priced as to how much useless those long sleeved T shirts. I would say it all players. Some day if we're off of this report card. Yeah actually I actually despair yet in an art project that's what did that's casual shopper lululemon. At your. I don't for dog and a nine dollar and I just sit on the bench outside right. 89 dollar debt repayments remembered that that that that we're gonna try yoga pants for under fifty. But what's interesting about Tom Brady missed. Is that when they signed in Ankara the president saying this today. They don't salary for being spokes people. They. Signature company. And they don't speak up for how much. It's the next. But they it's too cold air in them in stock in the company looks like they're that was swarm of. So if you wanna invest like Tom Brady or by under armour stock dollar I liked Ike I like I am I as. As much as overall in love with Tom Brady right now this stock is trading at 73 dollars and 51 cents. They're priced earnings ratio was 88. To one all right 8821. Their earnings per share are 84 cents. And they have no dividend yield on this. There range of trading during the last year Kim has been as low as 45 dollars and real and as high as 76 dollars today. If you wanna buy the shares their 73 dollars. There were 7556. Yesterday after the bell they would have 2%. Almost 3% but that was a result of fog in announcing their quarterly earnings which were very good. This purchase which people always love that kind of thing when they see company expanding and their outlook for the coming year which they anticipate will grow. Okay and have an announcement for those of you who might have a certificate of deposit that's lecturing any time in the next couple days. Couple weeks even. Leader bank is offering an eighteen month CD at one point 25%. In the are offering me 25 month CD at one point 3%. 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Was he wearing yesterday he is aware like a press conference that is so what's the real value in having him as day. Meanwhile every time he brought his Dick's Sporting Goods store there's a life sized. You know things standing near camp is that the same purges sell the Dayton he says she's in a lot of big posters and I just wonder if they regret I mean obviously said he doesn't I mean and I went under America's attitude to a numbered. And even in your way I would do anything else for Tom Brady but that doesn't mean it's the same hair cut by saints are cut in. Hangs out with models it's weird that truth is that little weird hearing a lot of in and around varied among the top flight sides where. I don't know I think you know I think we've proven this time and time again on this broadcast and we've talked about this the celebrity endorsements cells. In the odd that there's a difference between. Like let's look at the headphone things that are and aren't beats by Dre or whatever it is that you see NFL players walking into the stadium with those on that is monstrous marketing and publicity. When you see Tom Brady out there he's wearing a patriots tortured and a patriot you know winner hat while he's. I think that the issues is these are patriots supported by Nike. Probably that'll so I would imagine that his contract is such that he passed away there has to where they're stopped when he's made life. On you know the only time that he can. Can be apart the endorsement associated with under armour is still photos in. Retail locations but he his status has reached such a level he doesn't need to Wear the patriots emblem for people to recognize him. But I wonder you know we we talk about Tom rating in in the beloved action here in New England. But he hated in LA. I'd like I don't know I think he might be headed to LA and I I think when push any decision or I mean eight yeah I mean I've got to meet him. Yeah and with him it's they hate it's bright I don't think we now they hate him for what. For always winning. But they hate the patriot epic with the system are really the Yankees here too but we all have respect for Jeter yup and I would never buy a Yankee. Given that he's not asking you to buy patriots hat he's asking by anger do it it's just curious yeah. Phenomenon like this week. I can't love to talk to DC Il under armour and say what your sales in New England relative. To the rest of the country and I feel confident that you're you're on to something there that they've got to be greater here I wonder today I you know right. That's something you could find yourself on that if you really wanna know so I wouldn't go to the effort. But you could research it in their tenth. Brady he published these reports so if you were so you're gonna buy the stock you that would be one of the things you look at her say OK well because. You know what once Brady retires how good how long this is brain for. A long time and effort I think he's bred to be greater after he retires and it is now. Better believe he'll he'll be looked at no longer is someone that you'll fans in New York have to compete against off and he'll go down as this fantastic record. Greater or lesser then Michael Jordan other the only other athlete I think you could have would compare terms of marketability. And I in my opinion would be Michael Jordan. I don't think there's even a question Michael Jordan has more marketable he will sell more things just because of Brady he ethnic group in Britain is extremely well ladies like he's a 50% athlete 50%. Pretty Austrian celebrity model I. You get to I think you have to compare him more so. When it comes to that kind of thing to. What's his face in Denver LA now. Manic Mary at Peyton Manning and look at Pete Manning I think really it's pitch man. Yeah but he he I think breed I think Manning whose brand has really been diminished. Not so because he did anything wrong but just because Brady now has gotten for one. Yeah you want patent Manning is a pitch it if you look at and really its share markets were isn't it interesting how many you know his daughter does look past and now and he hasn't. Had the success plumber is a different level he says that kind of I think. He's like and and Amal I'm not saying he's a mom saying like these huge mega moderates right they don't need to be in your face all the time and all the top designers go to them off. He's on a different wavelengths and I honestly don't even know it has anything to do with sports. It's probably right as I sat. It is interesting to see because it's even you know his endorsement deals are much different that man Manning you know does Papa John's but he's got. Meaning may get a reduction yeah he took Bryant yeah yeah he's great fortune don't ethically you know but they're both they both have a very I. I I don't think Papa John's been necessary approach. Number but they are even different wallets it Tom Brady would Wrangler need each bird and that. Right but think of it to yesterday that is the the last day we will see Tom Brady. For a very long time until next season we literally will not see Tom Brady anywhere. You're at an all separate except on the on the hugs something. Yes it certainly expect it but his brand. Is bigger than all it doesn't matter if he's out there and odd that that says something as opposed to Peyton Manning Peyton Manning disappeared from television. That would diminish his brain he needs to keep marketing needs to keep sign these Cuba Brady. I'm art Joseph well he's emeritus of us thinking in. We're gonna take a break and. When we come back. I'm not sure exactly what organ music talk about stock in this next segment so may Alito and talk about. Is RadioShack go talk about RadioShack when their turn. This is the financial exchange on the financial exchange radio network and Boston solar as a leader in providing solar energy solutions to residential homeowners and commercial property owners throughout New England there has never been a better time to look into solar energy for your home or business with continuously rising electric rates solar now empowers homeowners to slash or eliminate their entire electric bill Boston solar has a free guide that will detail all of the benefits of unlocking the financial powering your home call 8666989323. To receive a free guide on the benefits of solar energy that's 86669893. 23 Boston solar offers affordable solar solutions and can work with you to maximize all the federal and state tax incentives call Boston solar today with a free guide on the benefits of solar energy 8666989323. That number again is. 8666989323. If you're thinking about retirement in the next few years it's time to make some big decisions do you know how to change your investments from a growth portfolio to one which generates income do you know when he optimal time to collect your Social Security is did you know that if you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injure children there's so much consider before you stop working and we've put together a 26 page or reach high aiming guide they can help 8668106422. You've worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 8668106. Fourteen to. Securities offered through securities America ink member finreg it's a PC an advisory services offered through securities America advisors and Barry Armstrong represented at arms and advisory group in the securities America companies are unaffiliated represented as a securities America do not offer legal or tax advice always seek the price of a professional familiar with the laws in your state. Are you thinking about transferring your home to your children in order to protect it from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check tear former son or daughter and not just to buy the Acura own home. Not only does transferring put your home and rest it can also create a huge capital gains tax when they salad. Right now the federal capital gains tax can be as high as 23 point 8% and that's an addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors and avoid probate and not cause unnecessary estate taxes. Talk about ski in the law firm of Cushing and Elena put together three new guide to the risks and rewards of real estate ownership. This free guide will show you the best read on your real estate call now for your copy at 866848. 5699. That's 8668485699. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposit or CDs leader bank is currently offering an eighteen month. CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent APY call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including iris penalty which may reduce earnings -- subject to change without notice member efficacy rate effective November 4 2014. Well best in business is right here Barry arm stroke and can carry him. On the financial exchange radio network. RHD I I know we wanted to talk about RadioShack and I have a question yes. Right in Jamie you you've known some of these celebrity athletes. In the in the past them and you've seen their behavior. The I don't know that there's been a bigger celebrity athlete in Boston other than Tom Brady. The lead we do very well I think people would argue with you that injured back in the days. It was Celtics. Larry Bird those guys I think they would argue with you I didn't live here within you know I think it argues that the Celtics and then how about Bobby or. Now Bobby Orr and in you know because that leads in my question Bobby you war. When he finished his playing career rate he stayed in Boston. Do you think. You'd you'd want if I'm Larry Bird didn't. Tom Brady's been here for fifteen years. Do you think Tom Brady studies in Boston. Wayne his playing career is over and David Oakley that may never have let it eat at some point you'll. Retire or be retired from the NFL do you think he stayed. No I really don't know I mean there certainly an international Koppel. I don't know I I think that they like it here and I think there'd be a lot of benefits for. For him staying here I he's I guess he's got a lot of it is a race riots he could raised children here. In my normal wide open nice home here and yet here. It happened to go youth thing that he there's a plea for him at the table with the patriots I think place for him edit broadcasting table. That's that's a lot of world. No way that ruins expert. You know. Yes he will do that you mark my words too vain he will get on TV. Using more like on and he's done. Rob would you David. On. He doesn't want that you think he did you differently and of course you guys he's the only guy that can help take the GM title away. For bill about those two together and running with all that you know and hoping that you know he becomes the next co host of the money to stay when I. She wanted to Philly and I don't like it as they. And have seen him and he said he he got it down possibly running for office. He he would treat Charlie Baker. Has Q question in the world do you think that a guy like that. Who has been at the center of the world all you have to do that are attention first step history he may choose not to right now. Because you have to step down the street and there'd be seven Q. Restaurant I don't radios and what you want to I don't believe he wants to be the center of attention I disagree wants to be the center of attention wanna be the center of attention you would have been high school football now he wants to be the center. He wants to be the center of attention. On Sunday afternoon Sunday night's or Monday nights and then in the C rule he won a sure thing to do within your right. Right now does because he can choose. But when you can't choose that anymore you'd think it just doesn't wing it then then they eat at my question it was a bad day comes back in do you think he stays in Boston. I don't know about that. I I don't know if she stay in Boston David. Part of me thinks they'll keep the house I think I don't know Boston and he is very difficult. To raise children they have two children right. They timed his covers over their going to be in regular school raided meat when I see regular excellent now going to be prekindergarten. Loses daughter. I think it's probably going back to him to a three and older and he's got three kids right the year when he had jackets who lives with his mom in New York how the CE nine probably. I think it's very difficult and and it would be unfair. To say well we're gonna spend a month in Rio. Beacons. You know that's what lifestyle dictates. I don't know if that's good for you I don't think they're gonna. Mean I think the nightly issue reasonable people who want their kids have a normal again but I'm not so sure that normal and normal. Life won't happen in New York. What what makes with the draft because cousins hunter yeah because of her at the that would be for her editors got to be winding down isn't as high functional I think she'll be a business woman who'll be you know tear up the view but I think. I think he can there be lost in the crowd more. On you to listen to live. I don't know. I don't know I mean you know I don't know that we elect its occurrence speculate that Chris I don't know aside from if you want to management job at football he has no ties here. On this he wants to have a studio school in the disaster with him and a place tree you guys you'd ever that any growth in. And and you know she's she's from Saint Louis and now you know and I we ever talked about this but I don't see YouTube moving back to single out this is my home now because as my kids. That's I mean and that's what's happening to an immediate example of this to this and I had a conversation now I've had a conversation with. The Curt Schilling. When he and in your state is a perfect example of that which Curt Schilling and his wife came here. Those kids were in school that put them into schools and they got into those age groups near your plane and use those kids were playing Little League in the united. And in a wooded areas involved in town right and it was like more samba right and annually in the current versions each camera turned goes to his kids ball games and he's seen at the ice right. She made the decision to stay it is that that because at any ties here. Right that's been the I think Brady. I think that makes it very tough for him to just say well we're gonna pick up in and and go to New York City and picked up and moved back to tell. If I think players of lesser. National persona. Frequently make the decision to stay where they retire because you know that. Mean idol and to anything with taper ski bag you know I don't know where neighbors is another example he's a perfect example you know somebody who who would stay. Well thanks for tuning into the first hour of the financial exchange we will return when we come back to be joined by Jones allegedly nutrition news. It's back to school time and it's time for you to brush up on your education about. State planning did you know that from married couples you may be paying unnecessary estate taxes if you don't have a trusted place. For a married couple in Rhode Island this gift to the government can be as high as 100000. Dollars for two million dollar state. I don't know about you but I have plenty of other people in my life that I'd rather give 100000 dollars to. Cushing had Dolan has put together a brand new guide called back to the basics. A guide to estate and asset protection planning call for your copy now at 8668485699. Don't lose your money to taxes call 8668485699. Back to the basics. 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If you're thinking about retiring in in the next few years it's time to make some big decisions do you know how to change your investments from a growth portfolio to one which generates income do you know when the optimal time to collect your Social Security is did you know that if you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injure children there's so much consider before you stop working and we've put together a 26 page or reach high aiming guide they can help 8668106422. You've worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 8668106. Fort YouTube. Securities offered through securities America ink number finreg it's a PC an advisory services offered through securities America advisors and Barry Armstrong represented their arms and advisory group in the securities America companies are unaffiliated. 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According to a recent survey conducted by -- more at the average cost of nursing home care in Massachusetts is a 134000. Dollars per year how quick they would your assets be depleted if he had to write checks to the tune of 111000 dollars every month but certainly ideal to develop your asset protection plan in advance light tends to get in the way if you or a loved one their feast with an unexpected nursing home stay. You haven't done your cleaning before you write that check pick up the phone and get some expert advice. A lot permit crushing into Allen has put together a brain you guide for 2015. Called cleaning for procrastinators. You cannot put off this call any longer call right now to get your free guide and learn how to protect your assets 8668485699. Don't impoverished your spouse or use up your kids' inheritance call for year free procrastinate as guide right now at 866. 84856998668485699. The food there. You're always hold on your checkbooks and did your portfolios break. It's time for the financial exchange with Barry Armstrong in Kim Keller again from Wall Street to your street Barry and humid guy and you've got hurt in the financial exchange with Barry Armstrong and gene Kerrigan. Hi everybody welcome to the second hour of the financial exchange got a great. Our forty. We are going to be talking to Michael Anderson you know for imposter and blanks dean and one that's aloft for. Get them down and dirty on the staples deal yes staples is now its formal right there and they're not buying. Office Depot's three game down into the nitty gritty of that deal with Michael Anderson you know. And we also are going to be joined momentarily by Jones arguably but before we do that need to get your second trivia question of the day. Don't forget all of our trivia questions are posted on our FaceBook page we aren't the financial exchange on FaceBook. Name the Hughes stole Meehan Olympic gold medalist ordained Baptist minister author and successful option over. Who might knock you out or make you a melted cheese sandwich. You know the answer that question in Texas at 68680. Who's the Olympic. Gold medalist ordained Baptist minister author and successful entrepreneur who might knock you out or make you and melted cheese sandwich. Our text number. They want to say it doesn't operate everything that. Dave is never gonna speed to be again and I I I know he's mad at me I'm sorry day eve. Are the one person can't go after. Can't disagree. That's an obvious that they I didn't go after but I just and agreed the events are all right. Hit it just tells it like is charging us now and we're so happy that she is she writes a blog nutrition and you at boston.com. She's also a professor EU. Good to have you with good and they are on the I. Just. Have done nothing better than they GP. That broccoli tofu crushed yet I line. Oh. He elected Tom Brady right pizzas that day he would've had a tofu Crosby he stuck. It up hot yet. You are talking about the super food for men right this is. An and I am very anxious to hear what this food is about Ian if women can also you know protect. Right and really we talk about you know financial. And did it. What this is the fact. With the new report from Portland and is yogurt. And that is not in food that he that is predicted consumed. Decade but the issue is picked on me you know market. And what state figured it so it all the more how market that could tested without. That should be coolest. Yeah OK I think any Greek active approach. And there. What is the difference between Greek yogurt and said he and you know some other superstar you know right right right. Greg the question. Eric what it is is Greek GOP is a little bit more sticker mark concentrated product approaching contest is going to be quite regularly you know. Both he wouldn't matter what when he is our capitalist west is that goatee discrete Cuban capital a bit more but they're both pat and what is the house to. Some of the Asia could. Got to avoid that I brought home strawberry Greek yogurt the other day shall I said well. Honey it's loaded with sugar right really taste. Yeah right right to get it to separate have a chagrined but now they have them that like this and you get good at speaking. Put out by daddy and it is now it and it is the official this yoga. You know great copy and sell those eight. And a big 10 what's that one by a body to box hot guys on that side by. And and I just started eating Greek yogurt maybe two months ago really yeah I mean it for a lot of people it's tough because you have to get adjusted to that the texture you know you do EU and it appears that in the cinema industry you're under two but. I mix with colonel. And I saw my son eating it and and they tried it takes from the Greek yogurt by itself playing Greek younger by itself I don't think people specialty Justine if you're reading playing yet I don't like hurts right. That Joseph but the one you're talking about from day and they're they're marketing this directly to men because it's 000. Run right. Right electorate Spain paid the early age in this era aren't peace so sweet music you know that. Very good approach and it cannot TP bit and it anticipated association with the and it now they're able to protect and it felt sticker. Local right on the you know they and it's going after. What they say is both market now and he and the reason want to take on it because begins Charlie you look at and it sounds EU where. You know shipped. I believe it or not it's pretty balanced meal deal that would bode well GAAP net you know Barry I would the prospect. I hate watching football. Now why in particular app you asked stupid questions. Not eager you don't. Mark okay billion Donald yeah now honey what's that mean like the little by us thank god we are so far apart and it's an app on I just. OK if I had some of that younger ice Robert Reich and last night male counterparts that are out. They're listening to the show right now. We even given a choice would you rather watch a football game with your buddies right would you rather watch a football game with your life. By the text please help me out 686 days my tax as nothing that can help you are the pressure. Let's start there apparently don't like watching the let me let me just say something to our listeners. If your woman Tommy would you rather watch football with your husband. Would you rather Guile and link up with some girlfriends and watch football. And I I can. Not act. TOX 86. In does that you your text whatever you watney if he sees it so be. It. OK so let's just where I went depicted as Joker very quickly your bit for a week ago. Because here is the issue. Very said you know I don't love. Greek yogurt plane like any younger plane does 000 Tyler it's partially. Identity of its strawberries I bet that if so what I'm asking is. Other 30 is only associated with playing you know. Oh is it because. It is with DP. Which is an actual parent. And so therefore it's kind of not the to clean it actually going to happen now perhaps rapists to. Has any you know it should not and I we'd rather. Be used to would not come app. Debt tort case that you know many yoke attack although you could put you know frozen berries and that care at the target right right right. But the issue is I think is great the great what approach seen as good account the Americans try to count. And I think it's fascinating that they are outgoing active men and and because it is it's a great post work at the top recruit because it's. Apple could approach in this way called muscle sentences yet you work out to me it is like duck I'd like in on why they. Do these are a year and how they can be in the marketplace. And I Portugal in DC is more and more preempt being marketed more to what they say both. You know both and and it acts in WOK apple. How would look at this same thing is being marketed active in the wind. So I didn't much of that technique in the future but it's gonna open a lot of that revenue. Loans to companies that are gonna end to. Mail Jill what's the caloric into. About is that the only about a hundred talent that's really didn't and now it's terrific and you know most Americans have falling short. County and many but the polish that identity and check it because. A lot of these Greek cupid and vaguely of the provided it with that is as good as it is now. It's nutrition and you you go to boston.com. And check it out it's always interesting and always fun to have you checked in and got back to back up body. And read up. John don't be surprised if I don't allow Barry to be your nuts I. Adult be at all surprised. I'm not. Right. Eight day. I guess I've been expelled again. That's a risky common players there. But it weather detectors have been nice and they should be. I think you're sleeping in the dog house. Which will be better I you know I think you're unlucky so much time in the doghouse and I've got I've got Y five. I've I've got a flat screen TV intake that's where his buddies come to order a big day in which it. One note I think is the real answer for men in the situation. They enjoy watching it was women they don't mind the initial questions. It's the and continued well wa like its beef. It's five questions about the exact same thing that annoys men but they have no prom watch football when it. It probably empowers an answer those questions I think you're probably right about that compared to the parents actress misses it's our ratings. I it's an act of sexual act. Officially it's the guy. Just I'm just the amendment. Was very few pleasures leapt in. And watch football with either man is one of my. Trying to there. Maybe I am. Not try it you know in the next interview when we get in this whole thing. And I'll be right. We're gonna be joined by Michael and casino partner Pasternak Weinstein and one that's next. Barry Armstrong and comparative. Right here I had to exchange radio network. A statement asset protection planning can be overwhelming word you start. How do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk to you about the law firm of Cushing handle and they've been creating a state plans for folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion. When it comes down to a state planning do you need to revoke Coble trust do you need an irrevocable trust and what's the difference you needs an expert advice and they put it together free guide that will help you decide the best plan preview this free guide the differences between revoke global. And irrevocable trusts is yours for the asking call 8668485699. They can even show you how it's possible to eliminate your state taxes I love that part call Cushing handle right now to get this free guide 8668485699866. 8485699. Boston Solarz a leader in providing solar energy solutions to residential homeowners and commercial property owners throughout New England there has never been a better time to look into solar energy for your home or business with continuously rising electric rates solar now empowers homeowners to slash or eliminate their entire electric bill Boston solar has a free guide that will detail all of the benefits of unlocking the financial powering your whole call 8666989323. To receive a free guide on the benefits of solar energy that 86669893. 23 Boston solar offers affordable solar solutions and can work with you to maximize all the federal and state tax incentives call Boston solar today with a free guide on the benefits of solar energy 8666989323. That number again is. 8666989323. Investors searching for relatively little -- investments that can easily be converted into cash often turn to certificates of deposits or CDs leader bank is currently offering an eighteen month CD with an impressive one point 25% EPY for new accounts with these kinds of rates now as an ideal time to take advantage of this great opportunity from leader bank to learn more about the eighteen month CD with a one and a quarter percent EP why call 8776917900. Today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today stopped by a leader bank branch or call 8776917900. To learn more with the bank a step ahead minimum deposit to open and -- annual percentage yield is 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC rate effective November 4 2014. Hi I'm Joan Lunden and appear worried about your parent Carol Loveland living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing homes. Even important financial information. They had obviously researched every place not just given me names. They found me placed her which she could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every step of who can't thank them. So here's struck. In the final reliable senior living information call plays for mom this is a free service and you can trust them to help you. If you are struggling to find reliable senior living information for your mom or dad didn't call or go online to get the free help you need during this turbulent time call now 804677530. 804677530. Text your questions or comments this X 8688 it's Barry Armstrong and Ken Kerrigan. On the financial exchange radio network it. Short form with the answers. Bob is that he's himself for a quick thanks Bob very much for listing. Right let's go to our guests his name is Michael and casino he's a partner Pasternak Weinstein and Lund. Staples is the topic they work on a lot of these deals came at him as a law shirt and we wanna get to the bottom of the staples deal. Good after senator hello Michael hurry. I'm good Berry and cam hello Mike are pots and active big gift ban of the financial exchange so I'm glad to be on. Duper thank you so he can you help us break down the staples deal would do everything we've read. Is that this was a deal forced upon both staples and Office Depot buying a big hedge fund or private equity firm earned them. Yet that. That is the case. The you know this has been described is that you know I'm a merger is that. It a merger of equals. It's it's. It's not in the legal and that staples acquiring Office Depot but equals in the offensive. You know to come to the last two companies really of the office superstore. Category. Coming together almost out of necessity and the hedge funds start Byrd that. That was involved. Had has been it's an activist has hedge fund. They were. Instrumental in forcing Darden Restaurants to replace its board. And they would have been ready to do the same thing at staples if this deal hadn't come come together. So when when a deal like this gets done because initially we were told it was gonna be a merger in their questions as to whether or not they might move the headquarters to Florida. When it as you we analyze this deal are the jobs in Framingham Massachusetts are they safe. I would think they would be headquarters. Job is you know art generally safe and an acquisition like this. The bigger concern is is the stores there's you know I've I've. I've read that you know most of their stores are within five miles of each other and the whole rationale for the deal with if there is one. Is the cost saving. Hope. They've they expect the billion a year of cost savings that will come Brooke you know partly from things like like. It exercising purchase right power but really from closing stores that have to happen. As more and more this market moves on line I think. You know I I think that the jobs in Framingham. Would be statement as long as the weather doesn't play it factors. I think about it. You know when that this deal was announced. In the B did this several days before a deal like biscuits and now rate. Although lawyers and and and the principles are working on it non stop that and through the Super Bowl and through a couple of snowstorms right and if you told me well we can we we can have our office in Massachusetts torrent Florida. After this week guy I might have second thoughts about being here. And really. So Michael doesn't this the next up those regulators are right and there are some antitrust question marks out there. Yet. Big questions and that the that's the one thing about this deal that you know promote a legal perspective. Is really different uninteresting. First of all these two companies tried to merge in 1997. And back then. The office superstore category it was its own category with much less competition. And the Federal Trade Commission which has to approve this transaction. On antitrust grounds meaning you know will will their B eighty. Will lessen competition in a way that hurt consumers. If they did not let the companies merge in 97 on the ground that their it would. Unduly affect competition. The landscape has changed quite a bit and in approving. Office Depot's acquisition Oval Office Max into when he thirteen. That same FTC. Looked at the market and said well it's changed a lot we've got Wal-Mart target Costco as brick and mortar. And you've got Amazon and and anywhere else you could bio paper and office supplies on the line. I would agree with you Michael but then I did some studying and I certainly learned. That staples and I'm not talking about. On that office supplies but overall online retailers staples is number three. In the world and Office Depot is number nine. So you're talking about. Not an update there I mean by the likes of apple. Share in and Dick's sporting does terror Amazon's included that list and staples out of a gun. They don't have I'd like. One could argue that's a big market share 881 can argue I mean appear real regionally we have a little bit of help because we've got WB Mason to keep them honest. But I I wonder if they do get through the FTC. Yet send in WB based in which cited. Really. There were there a lot more competitors it's good point bury in the in the retail half of the market deal in the business. This side of the market meaning you know companies. You know like yours and ours that you know need to replenish office supplies. Online it's good wave to them to buy although the vast majority of those veils that you know my understanding it still kind of repetitive bones and cataloged. But I will say that you can tell by the party's actions and and what they've put in the merger agreement what they think is important. And so I I think you're onto something here in terms of of the antitrust concerns. I've been hearing or reading in the and in the last couple days that and I trust won't be concerned. Because of the exacting yet he he quoted. In approving the acquisition of office Max. The change in the market the right of online competitors but if you look at the merger agreement. There is not just the regular break up the that that's always an ideal and in this case there's about a 3% break up the if if Office Depot. Got a better deal right but there's been an. Especially antitrust breakup. 250 million about 4% of the transaction price if that staples would have to pay. If it terminate the deal. Because. It's not approved on antitrust grounds like oh that's not that's the very heavy panels. Yes yes. The of these parties. Have provided that there may be. Divestiture. Off the people ask that. As as as part of the re the FCC approval process. And they allowed up to. Billion and a quarter of office people revenue. Could be. Could be you know like a dog by divestitures that are forced on them. But if staples try to use. Be the anti trust Al it's got paid a quarter of a billion dollar break up the and so that just the existence of that tells me that the parties are you worried about it they. Already bribed a congressman there there there in the in the assault taking care. Well that that the book might agree I have to say right I I didn't mean. As did you not see that like not unlike you I know I'm Mike was off by David told me my microphone was off. Our right Michael we're gonna call you back is this deal gets closer to conclusion thank you very much for joining us excellent. Fighting like that that that is heavy penalties all it is and I think probably right. This they've discussed this to. A pretty far. Extensive linked to explain the loss split with the deal was announced on island. Which would decency Thursday. The on Tuesday. The stock shot up like nineteen doll who's right right in ages since pulled back. The 1695. And apple 69 by pullback is related to net 250 billion dollar. At that if that's all right week we come back we'll have that attribute but Victoria and lots more to go one up. Send. It's very Armstrong and Jim Kerrigan right here on the financial exchange radio network. 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To learn more with the -- a step ahead minimum deposit to open and current annual percentage -- -- 1000 dollars Massachusetts residents only penalty for early withdrawal including -- penalty which may reduce earnings -- subject to change without notice member FDIC -- effective November 4 2014 hi everybody bury -- -- here from the financial exchange I'm joined today by Ryan Fitzsimmons he's a sales manager Boston -- but we're here to talk about. The benefits of solar power Ryan welcome to the program that slot there right I've heard that for the first time solar is now cheaper then utility power meaning I can get solar power off my roof. For less money than it would cost be for national greater Northeast Utilities. That's absolutely right we at first I never at the point where solar energy is dramatically cheaper than utility and utility makes this easier every year. By reason the rates low solar power is getting cheaper and cheaper thanks to dramatic drop panel cost. And lots of lucrative incentives in Massachusetts where the point now in the average rate Massachusetts's right around twenty cents. And the average rate for for solar energy was to level as the cost. About six point eight. So with a lot less expenses a lot lists. Panelists now. So what are the available so incentives what do the tax incentives for putting up solar power short. If your home read at 30% of the cost back as a tax credit but there's also cash it paid every quarter for ten years. Based on the production system on top of the 30% on top of 30%. And Massachusetts is another thousand dollars as a state tax credit night. Folks don't get solar power until you read the solar guide it's a fifty page article our guide if you will. That will teach you all of the benefits associated with solar power the phone number to receive the free report is 866698. 9323. 8666989323. You heard it here First Solar power is the less expensive. 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Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge thank locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down and I. Follow him on Twitter I'd take a carry him you're listening to Barry Armstrong and Ken Carrington. On the financial exchange radio network. Well if you want to buy something in RadioShack store your days are numbered in here and RB you know I'd never thought about this angle on the story area until I read this in the Wall Street Journal today announced that. You know we've talked about sprint picking up some of their stores and maybe Amazon throwing up some but they have a that it was a story is dime off. Hasn't yet we we've reported it wouldn't rope and it had I that was two days ago haven't heard a word about it since well they have. Many store for a thousand Haitians now between sprint and Amazon if in fact Amazon and pick up some stores. That epic 4000. So what's happening he's RadioShack switcher in these little strip malls. Are gonna suddenly just abandoned and they're leaving developers with. Being holes in the strip malls and feel bad for the employees. Now they say your store manager rate that's been your job five years in. You've got. You because you go to work every day. In years six employees are saying you do that job it would you know audio brilliantly it's just and I don't think they do you know much to you ones on the store level. And they note that I like target store like I ID all vehemently you mean like Tuesday while we might stay open or Amazon might bias and keep us. It doesn't think if you think your job is. If you say the last ten years and you start your job any role in that cup is safe you have probably bigger mental problems that you. As. I actually. No I think you're right if I mean I think you have to recognized. Me that traffic in the stores has got to be solo might and that's why they're going under right. So I just hadn't thought about the fact that these landlords are going to be stuck it they give a really interesting example. About a really big story down in Florida and his guys are to put the day he's got no notice nothing like that these are ready he's our Frederick and a neighbor has been days. Would that mean Beecher EP is yours are here your third trivia question of the day after which. Energy company was dubbed baseball stadium in Houston once I mean now this is an infamous. And it energy company and the CEO. And the Seattle of this company both went to jail for quite some time one of the Mac problems are ING right. But if you know the answer this question please Texas at 68680. After which energy company was the baseball stadium in Houston once named art text number is 68680. And the silk road creator. Cam has been found guilty of cyber crimes this was the first story broke as relates to the bit coach pat that's right and member of meetings actually develop. That bitcoin for this purpose Barry was he the one I don't know like I don't I'm not gonna say that kind of guy. The the the bitcoin was the currency of choice though there. For this web site which was really just a criminal endeavor. It this is thirty years old his name is Ross all break. It and if this is so beyond my knowledge. Of the Internet and now works. And where it what I said to you after reading the circuits fast. Is it this I was obviously. Really. And he could've used his intelligence for good right. In some way and and would not be basing probably life in prison at least a year minimum. Twenty no matter what happens here and out. He's got at least a twenty year but he was arranging hits. Drugs arms and they need these days there wasn't anything he was used involved and he wit I have a pseudo names that he wasn't recognized. And he was all the portion of the Internet it's called that to court. I don't know anything about that media. I mean that you don't even got here I am absolutely no idea how you would access I know you know X but what I have to worry about it lack you don't you don't. What wit and his name was dread pirate Roberts. You know he made his state. Here is is how he he was he did everything on line he never met anybody in person. Beverly everybody's relate to never knew anybody throw names never met anybody person. But you also didn't know what is employees. Was an undercover agent exactly. Because the government is in place I don't think about it right that's how they got it but see that's where his intelligence that's why these people become balanced. Because they're not Smart enough to recognize that you aren't as Smart as humans why. They think they are he thought he was in a world that did the FB I had no idea that they weren't even you know following that that was true. What he was selling big time drugs and he was in putting hits on people who would identify. Yeah. He is. Jam he will be in jail for an extended period of time and there it is so crazy that he accepted payment from bitcoin. And some kind of anonymous. Digital currency that he had. Some other kind of you know currency if you put together so it's. Well that's why people would ask me should I be investing in bed tonight absolutely not if you eat the the only people buying these things are people involved in crimes that I've been at the very rich people are trying to hide an exit but you don't raise a red flag. You might just stand out on the porch and say I'm a criminal illegal drugs and without them aren't you know dopey. You know the other day can we made an announcement on behalf of a company and you sponsor to a program called Boston sold yes. And Boston solar folks for you out there listening to the program. They are in regional solar company. And what they will do is. They will help you install solar panels on your house in order to eliminate or minimize. Your electricity bill now all of you. I don't care whether you live in Vermont. Massachusetts Connecticut or Rhode Island you are experiencing. Higher electricity why. Well it's very simple. The northeast is a very old part of the country is 3400 years old and our infrastructure. Is crumbling around us and so as a result. You can't get the natural gas to the places it needs to be an electric prices went up about 38% on average throughout. The region as a consequence your electric prices are among the highest in the country's about a factor in the here's a fact. Six of the most expensive ten states for electricity yet in New England. Six of the ten who are the most expensive now I made the plunge about a year ago I installed solar in my home. And I got rid of is actually not my homes and commercial property. And I installed that you saw the system granderson you're there you're actually staying at the property when it was being you know are all right. And I installed it in April. My electric bill had previously been 800 dollars a month and now it is zero I have pain only electric bill. Since April. Now I don't know about you I love the idea of being off the grid I love the idea of being. A week from the utility companies to remember the utility companies are really cause I government agencies and joining me to do with. So that's why I create my own electricity. And I would encourage you to do this I'm not suggesting that you run out and by solar panel system for your house what I would suggest you do is read this guy that is being made available. By Boston solar. 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You know our military. Perceives. Their pension benefits earlier than really any other military in the world they do the bricks. They. I think what they they get there it's twenty years their best to twenty years after we are and even the UN has not you know. So. They are infected and starts fifteen years we get a fifteen years sooner than what they do up the birds 24. On the UN. So on east Adana waiter vested in our military is if you've served twenty years and you could fees simply be seventeen years old when you go wind. And you can be getting benefits at the age of 37 years old and after forty years yet a 100% you're kind of percent to that's usually officers were oftentimes that's officers who've who've been out. The issue is that we're talking about a lot of money you know if you got a young got a 37 year old in your paying them benefits for the rest of their life. Leave it out for twice as long as answer twice as long as this year here's the prop eight and and you know Heidi in an dominant. This state and I hope is not misconstrued. By our members of the military. The problems in the DM politicians have not and yet. Now Massachusetts we've talked about. Unfunded pension liabilities in different states and I happen to be familiar with Massachusetts because they do study where forty billion dollars underfunded. The federal the military pension is under funded by 934. Billion dollars and I'm working off the data. Just three years old points though the unfunded. So we we just have put the money wait it yet right so right there over serving in Afghanistan or serving though Lisa shot at the field right in their lives are depending on the right. And the money has not been put away for. That military pension system is in worse shape than Social Security it's in worse shape than the Massachusetts pension fund. So in my opinion which should be done is your rework the whole darn thing. And yet these guys for a when Kaye with a match that we don't feel like you have to stay for twenty years is true right so they can move on to something that's maybe paying them higher they can go in they can get there and or years three years of training and everything would become an idea a diesel engineer or anything there's. They learn very valuable tree while serving their country. In your not getting pension and it's 934. Billion dollars underfunded. You're being lied to if you think you're gonna get that money in perpetuity you're not. What's gonna happen what's already happened last year President Obama reduced release are pensions right post and just continue right happen. Over the next 2030 years. Would it would it help though if we did move that a should we should we say you know. You can't start to collect some you know you can cut your fully vested after twenty years but you can't collect until your. Whenever I hear your argument and and there are some validity to in my opinion. The employee is better off with a four when camera in the employer you see if you're at it we you're suggesting is that the military members. Should trust the govern well. In your right I am suggesting that but what are also suggesting is that I don't think that these guys who are in for twenty years may vary much money. They retire and they might be making salary 44. So what as a benefit to them what I'm saying is it me. They don't have to contribute to a 41 K because they've they've contributed is that yeah that is their contribution that time that they served their contribution. So that comes out of being a pension. And I I'll just say no I don't think he should just put about I think he should do away. With these defined benefit because even and your still relying on the government to do the right thing. State governments have shown us that they don't do it the right thing. If you if you don't believe me just ask some of the folks at a Rhode Island. Lost their pensions just ask them in the post and now them lost their pensions just that some of the folks in Detroit. Luckily this if there is one area in which. People need to be honest and do the right thing this is it. But the politician I know and that's unfortunate because this is where they should do the right thing provide the dollars for these guys that date the wall for these men and women. So. You know hey do we should be able Leo obviously we should view real bad if I were in military members I would if I lose the dictator. And made its decision on my child I would say. Do away with all these public pensions and just in the four game plan with a match that we've they're not tied to their employers. They didn't went win when their sergeants given my part time that you don't screw it right and singing but we want that. You know what I think the employee cases that are. Just. When we come back and talk about dairy farmers there getting large settlement. If your in the dairy farming business one here this. Yeah this is the financial exchange. On the financial exchange radio network. Are you ready to retire the question is actually more complicated than it appears because it demands conserve.