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Full Show 6-16-15

Jun 16, 2015|

Full Show 6-16-15 by The Financial Exchange

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

So I. I. This is the financial exchange we've Barry Armstrong. You're screwed stay on top of breaking business news and learn how to manage your money to help you towards a more secure future he'd still play mentioned exchange with the euros. Barry Armstrong. Welcome to the financial exchange carrier Armstrong and Michael Armstrong joining me today in the studio we have a busy. Our four U. What we're going to be talking about is early on and be joined by Josh somber from the Wall Street Journal. About Jeb Bush yesterday Michael. Jeb Bush. Predicting that he could grow the US economy appeal elected president he could grow the US economy. At a rate of 4% and create nineteen million jobs had a quick feet. Great defeat I'm not sure it's actually possible. But Josh is number on from the Wall Street Journal join us on that topic. And then later in the hour actually lots from business insider is going to talk to us about the demise. Of the American shopping mall. Yeah and I just ask you guys the do you view it as last time you went shopping. Acting ball like you might have I don't know ten years ago. Probably Christmas come and how much of your shopping habits changed soccer so a lot. I'm on Amazon first now or zappos or something like that but I haven't been to a mall in winter like maybe Christmas time now. They play out shopping habits are changing it's it's literally putting balls out of business there's one close to our studio here. And it close and converted to a medical facility and we'll talk about what's going to happen. Two or shopping malls of America given the changes that are going on. Within the retail industry but we start off today with a story about oil prices and that's what oil prices but oil discoveries. In North America this one in Mexico Michael. Yeah this was a outbid discovery for the state owned Mexican oil company. And pan pacs. And they're looking at it looks like you could be as high as 33 of fifteen million barrels of crude and immaculate pop out you know brandished an additional 200000 barrels a day starting in most 2016 which would be significant I think that's insignificant. In a 7% increase in Mexico's total oil output based on toward fourteen verse and what it does. Is it decreases north America's need for. Foreign oil like Saudi Arabia you went at it with you look at Mexico is being part of the United States are not many people do. But Mexico is certainly part of the North American cartel if you will. You know you've got Mexico. The United States and Canada all very interdependent. On each other. For energy purposes so the fact that we're gonna get next 200000 barrels a day at a Mexico what how long does it take before we actually see that productions next year or the year after. Yeah I think it's probably going to be it could begin. You know as they wait 26 team but it won't be fully operational until a few years later and the nice thing about that is it sounds targets in shallow waters they don't need to do any deep water drowning it's right up the coast should be pretty media program says could come quickly tonight. There is new research and it is provided evidence that eating chocolate in modest quantity. May be good for the heart this according to scientists said this today. Scientists in Britain. Looked at data from nearly 21000. People talker who filled out questionnaires about their lifestyles and their Al. Had been monitored for more than eleven years the discovery bay we learned here is that we should all be eating. Around. Now you know anywhere from quarter and outs of chocolate per day to an awful lot so I need to increase my chocolate intake as well chop and on the weekend wells Barrett. I knew that you're gonna be really excited about this story so I did orbiter recent on this and I want to see exactly how much chocolate is a quarter ounces chocolate. It's less than two Hershey's Kisses so I think that your weekend of chocolate consumption me. Average and a little bit one note says the more you eat healthier your hearts yeah. That that's now load up on chocolate after I got from a Tucker I just read the hi I read the headline 21000 people can't be wrong. As score one for the a sweet tooth right yeah it's got to be right. Gotta be here I mean like to date specify what kind of truck I don't care doesn't matter doesn't matter I've read the headline topic is good. It for you. Eat more chocolate above recent successful and that can ago that it. And then you get people that are getting tropics and protein and that's a that's a double with so Reese's is now healthy. Yes that's only fair I guess they need to point out if you're very obviously not a doctor Mary its equipment that. Probably organized. I did you guys ever do any babysitting when your kids yes yes a little bit then and how much did you make argue remember on. I maybe made like forty bucks for the night so yeah like that may or four hours. Once it averaged out maybe eight or nine bucks an hour I needed dollar an hour him and fifty cents was due to Canadian or US Canadian. That was Canadian I mean the dollar and our Canadian. Back in the day to give chocolates to where he could be being the best part about babysitting was that you could go through somebody else's for it connects directly just I would always ask. So is there anything off limits in the fridge. And if if they said no it it that's kind of greeted you're babysitting jobs in the because I think that says what does everybody was about an hour. Right right but what was in the bridge was of great importance because that was the added value. But today did you see how much money babysitters make it today that huge and unfortunate bosses on the top on the list where your averaging fifteen dollars and 37 cents an hour Hartford fourteen dollars and 28 cents an hour. Bridgeport Connecticut fourteen dollars and 91 cents an hour. Big money in babysitting especially considering the fact you don't pay taxes on Murray dance on the table. Yeah pretty good work. People are demanding a little bit more on that babysitters and I don't think you were CPR certified back in the day and are they looking for more experience sounds like it and those of this website three go reviewed your baby sitter now to and so they are demanding a little bit more of these people back to that day Tucker we couldn't get anybody we have five kids right. Mean we came home one night baby sitter was tied up in the days that fit us. He's got that baby sitter never came back I mean we get we had major problems finding babies right which were boys you know one girl who's you know. A disputed that and anyway is it it was a major problem in the arms for a house that the there was like this network. Of of girls you are blacklist that we were Blackley indeed nobody one time we get we gotta call we are way right. We have a call. Fire department was there that was not a a he Yahoo! is doing what they. They were having a campfire now Kennedy but it got a little bit out of control they are burned out half the damn near anything. Pop the I digress I guess I just wanna point out the night that. Babysitters. In that field you know Ali the earned their their money I mean nowadays these things pretty straightforward you don't pop on kids' movie rest and you're watching Netflix probably are trying to go to bed now and it paid fifteen bucks an hour fifteen dollars an hour is what you pay for basic and it's recommended. If you're having like an infant baby sat. That you pay an extra dollar an hour because yet change diapers wonder if this is more. You know in demand as well more women working now in his Morton certainly be suitors and is you know it could be that but then again must have mentioned that such. You know that the problem is right you wanna go out to dinner right went with bitter cost for a couple hundred bucks. Sure and I threatened her drinks that are close to undersea go to a hundred dollars for dinner and then let's see one little movie with a movie ticket now fifteen bucks I think it's like ten or eleven. For an eye for an eye ticket a week and weekend ticket nice theaters at 1520 bucks if you wanna go to the no matter what they want to go to the theater rate was theater tickets are 125 bucks right so 250 for theater tickets and another hundred bucks for Dennis to 150 dollars here out of the house for with that six hour date. Murray six hour day being a cop the baby sitter another ninety bucks and I media cab ride to now might explain what people are getting married again for kicked out of you for getting reported audit they. Right. If big customer base 500 bucks for 500 dollar thought a big. About the tax penalty of getting married Naia pay the babysitter to I'm. It's it's it's it's a difficult challenge. Lleyton we will leave it at that. Quick story on the uses. Here is a visa problem in terms of getting. Mexican farm workers in the united state they've been stranded. At the Mexican border Michael Armstrong. Yes so. It's actually really a glitch in the technology that the government uses to you background checks so I mean obviously that is incredibly important when your proving visas to be able to do it full background check richer not letting. Some with some bad criminal history into the country. But yet stalling all of the it's called the H two a agricultural visas which. It's really in height of the area picking season in California and all sorts of agricultural need so. California is estimating they're losing half a million to a million dollars a day that these visas don't get approved the. I and I call bull crap and and here's why call bull crap on that story. Do you guys have any idea as to how many illegal migrant workers are in the United States. One point two million. And they're complaining about a thousand can't get over the border legally there one point two million. Illegal. Migrant agricultural workers in the United States and boo hoo a thousand of them are stuck to the border they're just the ones that are too dumb that it did to us Nikko ordered not to see over one point 2000001 point 2000 and when you think of agricultural field workers are in the United States illegally. That's that's what the Labor Department tells us met with the reel them. That that's a heck of a lot higher than that. How do you know when a politician is lying to you you'll joke is his lip service. We'll be joined by Josh is number one from the Wall Street Journal he's got a call bull crap. On Jeb Bush that's next on the financial exchange. And breaking financial. Financial exchange with Barry Armstrong on the financial exchange radio network. Mortgage rates are still at an all time low and make sense to take advantage of these rates whether you're refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates -- their experience staff about mortgage financing options and get a very competitive -- term fixed rate for your home whether refinancing or buying a new home work with leader bank colleagues 776917900. Or visit leader bench dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank dot com visit leader banks for all your home buying a refinancing needs 8776917900. That's 8776917908776917900. Or visit leader -- dot com. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and a half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will the impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income what you need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Security topic is securities America ink member in SIPC advisory services up with the securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are not affiliated please consult with your quell a tax expert for any tax related concerns. This isn't powers and I'm joined today by his eight planning attorney Todd lucky. A lot from that could mean Ellen which you're legally changed quick tip of the day. Today we're talking about last minute cleaning techniques for the procrastinate or they can help seed here ask that if someone goes into a nursing. Todd can anything be done to save the liquid ask that of an unmarried individual. Yeah there are some things now remember it's never as good as an advance planning. But it's better than losing all the money and that's really the goal. In order or an individual who single to get on Medicaid. To have less than 2000 dollars and often times they won't have you know few hundred and that they ain't over their liked. Well bucket of money is there the individual went and how to. Purchased one of these Medicaid annuities and we mean a broader 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 you make annuity today. It's a last minute planting technique. And once you buy this annuity lets me take two or 300000 dollars excess assets. And purchased the annuity that goes accessed at our converted to an income stream so value and a half less then 2000 dollars of assets. Because now. Big chunk of that has now paying out an income in the monthly check. You'll receive. Over your life expectancy whatever your life expectancy is that 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. A lot longer folks if you're single warm married in their feast with a nursing homes day in the air is something that can be done to save your assets last minute that you need some guidance. Collar profits right now heard the brain a guy from Cushing and Alan. Cleaning for procrastinators. 8668. Or 85699. At 8668485699. Open country the financial BS needs to be a barrier and strong enough financial exchange on the financial exchange radio network. We'll before we go. To our guest shots on broad from Wall Street Journal I wanna read. You a quote from Jeb Bush's. Speech yesterday where he announced his candidacy for president of the United States. Here's the quote there is not a reason in the world why we cannot grow at a rate of 4% this year Mr. Bush said. And that will be my goal as president. 4% growth and the nineteen million new jobs that come with it doctors on the somber and carried on. I'm great at it sounds like your call and bull crap. On Jeb Bush. Well I think we're pointing out and are in Astoria did did the math. Half of it is very hard to US population is growing as quickly as they used to and so. You know if you're gonna have a nineteen million new jobs he need you need a population that can fill those jobs it's going to be tough. And a big part of economic growth is population that it's going to be very hard to get 4% population growth giving kind of DUS demographics. Now there's a couple policies that could conceivably get there and the big one and and maybe you know so expand on the point campaign would be substantial weight and immigration and I would. Be that way there's gonna say the population and economic growth although I'm not sure that sets it up. He's a twenty million bid right putt twenty million illegals let a man. Right there yet there you get a job growth. Well you can do it legally or illegally ammunition buried in without. Have to be illegal population growth and you can certainly have a large legal waves of immigration at the US says it has had throughout its history and he could have another large wave. Well I think it's pretty likely that I'd hear. You know very. Favorable attitude towards the illegal aliens that are in the United States today. There's not. Nothing has just announced that it depends on did it to question a legal or illegal I mean I think that that's an interesting question and I debates it's really just about did a good number of people and I'll go. You could certainly. Gain you can analyze legal waiver the immigration into their dynamic indeed it would be illegal. So how what does he have to accomplish what has to occur for us to get to 4% GDP. Studies a couple of things as one that you would need factor population growth now we're not gonna have. That that doesn't come domestic I mean if everyone had a baby today you don't have population growth and your workforce for eighteen years they're going to be chartered for the next hit it and each other for a long time a lot of the domestic population growth is baked in the cake. That's why I said that it that's why did it immigration is where in the next ten years you can tap population be a lot different. And projections again I'm not I'm not saying anything about legal early August thing. You can have people come into the country from outside the country whatever the main diet that's one way mathematically. You can have a larger population. The second part of it is people that don't work you could you know find ways to get them into the labor force now. Most primate people that did the share of people in their prime working years they did work it's a little bit down but it's not like it it's not down by ten million people or anything like that. Where would you say prior page what are you looking at 2554. They demonstrated 4564. That now he can do more with. You know you can get more young people working although a lot of people young people under the re one of the reasons and people were less than it did before because they're. School so you know the question of do you really wanted to take them out of school are you would kind of forced people that haven't hit jobs during during school look at the numbers that I mean. CDs people very and it didn't get a couple million Nantes got and then there's also older people I mean you can get older people to work more. Well in 99. And right now I count myself in that category I'm 56 years old Josh and in my dad was retired the time is 56 I don't think I'll retire back I might worked on seven. You know they act and I think my generation is experiencing that because we've lived through some pretty tough economic times and we don't have pensions. So so you can have. How you can get more people working and later I mean he could potentially get a lot of seventy people on a seven need to working in Nancy could get to 1990 out. That way but Bennett to question him as a man is that really the way you wanted to get to 1990 outside making people you know war work went into their seventies immunized. So those days still and then the other the other way to get the 4% growth yet population yet kind of bringing people into work who don't work. That third way is just to have workers beat. A lot more productive. But what we've seen in US history is typically it's in technology did because that happened it was the computer revolution of the industrial revolution are her Erica things like that it typically hasn't been. Presidential policy it's been able to have. A huge effect or that needed to be extended the president is able to. Allow. Culture of innovation. Flourish they can help but. But ultimately when you look at the history of the US productivity it's really dependent on. You know it's really depended on win that and better you know had that idea that they were able to bring into the economy and you know. With good luck it can happen but it it's hard to know if it's something that a president can make app. Very good put Josh appreciate your research and your time. That's Josh the somber on Wall Street Journal. I'll make sure they get posted on our FaceBook page that week and take a look at that piece. Ari I guess it's time we have to congratulate. The Chicago Blackhawks on their victory. Last yet there are an absolute would powerhouse right now three out of the last six. I'll tell you what though if you looked forward for the next six years. I think Tampa has the better team if you're trying to figure out who's gonna win more games over the next six years and I'll take the Chicago's an aging team. You know they they're in the Rangers did all this trades in there or nation team and Tampa is very young in their very foreign. So Tate Tate is only 27. He stood against the best player in the NHL or. Yup he is but he look at the surrounding cast write in Duncan Keith who's the and BP by the way to Canadian and dizzy and that shocker not enough that it is in the NH overly. But what I'm asking here this isn't a trivia question what percentage of the NH LB thinker Canadians 85%. Let's. Yeah Iraq and certainly the guys are both wrong wing hero. Really 50%. Decline. And looked at a chart. Early this morning and used to be. Nine the 5%. Of the NHL was Canadian and so our right to see blue valley right fit the at Alaron futures and consent of that yet I was 50% of the NHL is Canadian. Number two country. Something in Europe outside the United States the United States 15%. This is a real trick question. Right Steve got Canada with 50%. United States run about 15%. In the NHL what purse which country yet again think of the all your other. European countries. Would be the third country rough. Sweden Sweden that area. At Sweden is number throw Soderbergh in terms NHL player production that's as much any child trivia that you know you're viewed for free. Now I gotta earn one prize. Here's your true the first trivia question of the day 68680. Who holds the record for playing in the most. Playoff teams in NHL history. Our text number is 68680. And these are not trivia questions for the faint of heart you have to know your hockey trivia to get this one correct. This gentleman played hockey in the NHL for about 25 years he was a heck of player. And I'm not going to be too many more. You guys have a need you know on tuchman got a couple gas but I don't have a guest he's not Canadian. Men can I guess ruled out like a lot of players right there he's not a Canadian clients are still stands on our right so the question for him right. Who holds the record for playing in the most. Playoff teams in NHL. History our text number is 68680. There are coming in Gretzky messier powers. Younger. Now our tech university. Have to do your homework if you I'll listen to this show you out of dull. Your NHL trivia in order to be. A strong contestant in our trivia questions 68680s or text ever were coming right back grab a quick discussion about Greece when literature. Can cope with the financial exchange. Q. Download the mobile left by surging financial exchange in the iTunes or Google placed door from the financial exchange radio network. If you're a landlord pay attention that. First of the month rent day tied chased down late payments and organize your files per trip to the bank now you can take back all that wasted time with something called C ranked leader banks in new product easy rent automatically deducts tenant rent and deposit it into the landlords account making rent a one less thing to worry about visit www. Z rent dot net now to learn more no more checks or trips to the bank no more rent payments to lead or lost in the mail tenant pay nothing and for the first six months it's free for landlords landlords go to www. Zero rent dot net to sign up. Then invite your tenants so they'll never worry about late payments again visit www. He rents dot net to learn more call 7816. Or 18691. Sign up hers he rent that day and take hassle out of grant date for everybody. This is very are strong and I'm joined today by estate planning attorney Todd lots ski. From the law firm of Cushing and Dolan with your financial exchange quick tip of the day we're talking today about. The top misconceptions. About Medicaid durable global trust. I'll tell you what Todd this is something I hear every April. And that is here's a great fear among listeners that they're going to have to pay higher taxes. If you transfer your assets. In two and irrevocable trust is that true or not true. It is not true but again I'd hear like you here I get calls from the accountants. No offense to the accountants they can't tell that the trust is what we college grant toward trust for income tax purposes by just looking so when they give us a call we let them know let me explain. Yes it is very true that there are kinds of irrevocable trusts out there. That if not grant toward trusts will be taxed at a much higher rate. Then individuals. When I say a higher rate they don't actually pay higher rate cut their rates are compressed to console after 121000 dollars of income can you imagine being at the tip top rate for income tax purposes not happy with that. These trusts we make our grand tort trust which in English means that. Mom and dad the creators of this trust are considered the owners of the trust for income tax purposes which means any interest dividends rents capital gains. That are generated inside the trust during the year. Are simply reported on your personal income tax return just like before as if you've never done the trust get the. Act as it relates to protecting your assets from long term care expenses. Request this brand new guy from Cushing and Dolan. It's called the top misconceptions. About Medicaid durable Coble trust here's the phone number 8668485699. Toll free 866848. 5699. That's toll free 866848. 5699. Advanced state planning has many benefits it. Including avoiding probate passing your assets along to your bloodline protection from the nursing home and my favorite possibly eliminating the estate tax type folks this is very Armstrong from the financial exchange each week pod but a partner with the law firm Cushing handle educate our listeners like telling them how to protect your assets from the high cost of nursing homes a state planning has many benefits. Including helping you to not impoverish your spouse if you go into a nursing home Cushing and Dolan has put together a brand new guy top ten reasons to do estate planning call your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Security topic is securities America ink member of an SIPC and advisory services -- securities America advisors and Gary Armstrong representative Armstrong advisory group Cushing and talent in the securities America companies are unaffiliated 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. I owned gold and I buy my gold points 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 at Belmont Burlington and Central Square Cambridge bay 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. Carlin Valerie Armstrong is good for your portfolio find him on Twitter Barry G Armstrong nowadays he's their financial exchange radio network. Chris Kelly else that is the correct answer to our trivia question he played. Well let me give you a little background Chris Chile's. Played insist actually as a kid. Andy got a scholarship to the University of Wisconsin. Then he went to the Montreal Canadians had a pretty good career there at like eight years I think in Montreal playoff games there then got traded from Montreal to Chicago played on a playoff games in Chicago. Everybody Chicago buddies over the hill got traded again or signed as a free agent would Detroit. Mean a ton of money in vitro with a lot of Stanley cups in Detroit played a lot of playoff games Andre played hockey for 25 years ago how this retired now. Did forties late party that he added it terrific career. And that is the correct answer to a trivia question who won we had Greg for a match. Right great congratulations you know evidently your hockey trivia. We've got more hockey trade insists it cut. It to celebrate the fact threat Chicago in the Stanley Cup. Are rate I Greece's economy will be locked down with capital controls if it can't find a deal by the weekend. I I I close the book on Greece on Friday I think and Alomar. Last Friday I said you know when he Angela Markel walker she's. AG and labor issues they don't wanna pay their bills. Everybody is sick of grease in you look at all the countries that were in trouble right you had Portugal. Ireland Greece and Spain re the only one that didn't you know fall in line was Greece and now they're in trouble and you know what. They're they're paying the price. Yeah there and it's it's everyone's walked away from the negotiating table and it looks. And her banker in deep trouble the right amount of money leaving that country. Yeah you know lot aren't gonna have left in Greece and the dregs of society. MLB network retirees GAAP. I mean there's no young workers there any of the town's news you know the brains that left the country read other jobs in this sport that pension system is now a tax revenues did they did it because they don't tax people. Right they they don't they don't enforce income taxes they won't all of Germany said was look. You'd have to do have some kind of tax revenue. Mean in order for us to loan you this money and they refused they refuse to make any changes to their financial structure. In Germany has had a I I think that I I think increases out I think it's an old story and I wish we could stop talking about it but he. Keeps showing up in my stack so I feel like I have to. A Google map update tells you if you're heading somewhere that's already close to actually be helpful to hasn't grabbed this all the time. It puts up in my phone then head that way it is. There's hardware storm has the worst hours ever old hardware store closed on Sundays and close at 2 o'clock on Saturday and never always get directions and Aaron that's convenient and super convenient for him in the wants to do we can project better be really helpful if Google popped up until May. They're not open right now don't bother. But they're gonna do that right who raised in Italy do that that's helpful for guys certainly if your contract you wanna go to Lowe's like lows in my town. It doesn't open until 7 AM on Sundays and that's late for me right so. You know Wal-Mart however is open 24/7. If if that uses. Eight if you want to get a bargain is just for those of you that are candy around the house in you wanna buy a plants. A tie anyway. Wal-Mart I thought those was pretty good and in terms of pricing. Go to Wal-Mart garden sooner he's sued by shrubs foreign plants there and a half the price hello yeah and just as good at least I've been indicted yet. They're not contaminated and tanner to another night being named him that they're going in the guards would like you're the bomb. Our rates or Hampshire environmental yeah that's true and true. I don't forget leader bank is having their grand opening event on Friday June 26. 11 AM until 2 PM Marty Walsh is going to be there the mayor of Boston but here's what's really important. You can get special financial consideration. If you go to their seaport district they have a new branch in the Vertex bureau that is like the Vertex building yeah I don't support that. On forty northern avenue if you go into the break have to go physically into that branch in the fuel even open up a money market account. One point 25% annual percentage yield on money market account. Or he can buy a CD get this an eighteen month certificate of deposit with a rate of one point 5% annual percentage yield. That you have to go it's only available in the Boston branch of the seaport district. Branch you can call them to a more details about their seaport branch called and it's 6172616300. Visit leader bank dot com or just go to the branch it's in the seaport district 6172616300. That's excellent seven. 2616300. Is the number that you should dial. Mike let's talk about SAT scores they are changing. And there near its sounds to me like there's going to be massive grade inflation as relates to SAT scores going forward. Yeah I don't really know how during the colleges are actually using these scores they've changed the format tests some times and last decades when art circuit yen or 16100 points I think the year two after me. Optimal I thought you were 2400 I wasn't I think I might have been the year that they changed it can choose which which one wants take him that. So what you Tucker do you read 2400 point. I was in the final year of the original 16116100. And then it took another one with the 2400 of them. So they changed it to 2400 with the writing portion they're now switching it back to a 16100 portion but that seems like there are changing a number of the issues that people have the task that I think again it easy they are they're taking a lot of the obscure vocabulary. And which admittedly I'm sure there were some words there that. Normally human beings when normally use but they're also decreasing number of answers per question series used to be there five multiple choice answers and has been before. And these to penalize you if you guessed so if you gas and yet the answer rally got more points off left. So there's there's all these strategies Ted maximizing your score if you can eliminate more answers. There's getting rid of that and there's things for answers you're not penalized for gas well and I think. Ultimately what I do rent way I interpret them Michael is that. Grades are going to be higher on the SAT scores yep but and I don't to get. Matters if that's not in our schools are gonna look at it and there how you rank compared to terror writers are not gonna compare to the 16100 square from ten years ago was not comfort so they'll just have to determine where did you rank. In terms of the total scores across the across the board. For shopping purposes we talked about malls earlier. And I find myself on the weekends I still go to Lowe's and I often go to Wal-Mart. Would vanish how all of your shopping habits changed to needy still pretty if your homeowner figure lows every week. Yeah I'm at Home Depot quite frequently now and but that's really the only. Brick and mortar story that I see myself re going to maybe pharmacy for your news or is there anything you buy at Home Depot that you could buy on line. Oh most of it the only issues I can't get the same day. I wanted to project today can't get it guy in twenty minutes later and hence you're you're commuting to Home Depot low. It I find I like going to home be bio I've not actually Lowe's I like it just because you get ideas as you walk through via that your unity you get cart inflation. You Biden probably more stuff but I. A lot of the stuff that I buys. But I'm not in order plants on line and wreck and not in order fertilizer on line right I'm not in order weed killer bug spray on an ad buy all that stuff might end. Is a you can get some help. Nearly in the store. But the passage when you're going to maybe order on you repeat Home Depot around me finding a worker there is like. And needle case that really so busy all anytime we get a goalie likes early in the morning 637. Drill and it is packed well I the one I go do it I did the lows anyway find it to be pretty convenient but. I the reason I bring this up is our next guest is going to talk to us about the demise. Of the shopping malls American retail here's the headline American retail Ali as we know it is dying a slow. And painful death that followed up by a the they are about to close 175. North American stores over the next few years so actually lots. Business insider joins us next on the financial exchange. Does dark. Kroger portfolio. Of financial exchange we've Barry Armstrong on the financial exchange radio network. You're standing by the water cooler than you overhear someone talking about all the money their mother's been paying for their father who was in the nursing home they wanna make sure they don't put their spouse in the same position but they aren't sure what to do. They're co workers warn them that they need to be careful about what kind of trust the news because they've heard that are reputable trust require you to give away all of your assets all of your control and force you'd ask permission from your trusty if you wanna use your own money you should know that none of these statements are true you don't need to give everything away you stay in control and you never need to ask for permission to use your own money Cushing and Dolan the experts and elder luck have written a brand new guide top misconceptions about Medicaid irrevocable trust this guy details thirty of the most common misconceptions about estate planning. Get your free guide at 8668485699. Don't rely on the water cooler for information is important is this 8668485699. 8668485699. That's 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 missionary thing come do you know when the optimal time to collect your Social Security is did you know Betty you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more and leaving allege that these are 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 866810. Export to to you worked your whole life saving towards retirement doesn't it make ends to get professional advice to make it last 866810. Sports huge deal. Securities offered through securities America ink member finreg SIPC an advisory services operatives securities America advisors and Barry Armstrong represented at arms and advisory group Ministry's American companies are unaffiliated representatives of 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 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. If you really wanna ready checked your former on her daughter and not just to bite Acura own home. Not only does transferring put your home and read it can also create a huge capital gains tax money Allan. Right now the federal capital gains tax can be as high as 23 point 8% and that's in 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 avoid probate and not cause and its various state taxes. Tucked up in a lot from at Cushing and Elena put together preen your guide to the risks and rewards of real estate ownership. This creek I'd say the best read on your real estate. Call now for your copy at 8668485699. At 8668485699. Investors searching for relatively little risk investments can easily be converted into cash often turn to certificates of deposits are CD leader bank is currently offering an eighteen month. CD with a impressive. One point 25% EPY for new accounts with these guys every 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 87769178900. 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 leader banks had minimum deposit to open and -- annual percentage yield is 1000 dollars Massachusetts residents only penalty early withdrawal including iris penalty which may reduce earnings -- subject to change without note a member at the rate effective November 4 2004 team. Only this there is the charts graphs and numbers all day and just listen to us he's the financial exchange we Barry Armstrong on the financial exchange radio network. I'm sensing a lot of anger directed towards Home Depot six of seven says Home Depot Sox they never have everything you need I disagree. I I think. You go to one of the superstores. You find darn near anything and in whether it's Home Depot or Oracle's in my experience and 603 and I used to work at Home Depot part time they don't train this at all be careful about the wreck the reps tell you. When you're in there. Well I can't speak to Home Depot but I'll tell you at the lows reps that I go to benefit decent success and you have to eat can't expect them to. Tea how to design your whole work project would lock into one. Yeah. Do you fear that I've gotten. A lot of different answers from different. Ducked when it's noticeably different yes and an epic. Not right. They our guest is actually Lutz from business insider. Actually wrote an article you read headlines to American retail as we know it is dying a slow and painful death and actually I tend to agree with howry today. I'm being very good. Did share some of the stats with us regarding mall closings. Because you know we all goal we yeah we tend to shop within probably ten or twenty mile radius of where we live right so we don't see a mall close and our immediate vicinity. We don't know it's how it's happening but silence going on across the country. Definitely will you know Christine mosque or a battery where there's been at first glance. All and we did you know a decade ago that's pretty creepy because hacker looking acts. That's or one end and mom and got started a few years ago would we are hearing talking about here and JC Penney closed in a lot of tours and our senior went off the map where she. You know at the end or start up close and out suspecting that specialty retailers like gap and Abercrombie and out there on the first. You know there isn't a big mall not a big small to midsize mall near us. And he closed in the actually converted it to medical facilities and I think I can't. Doctors' offices and things like that would eat when these malls close across the country what do they do with them. Well you never seen actually malt. Are. Increasingly becoming by our medical clinic meet urgent care clinic chances. And you had a tidbit is that better meeting and rather than shopping because a lot of Americans are spending more on. Category like health care and technology rather than spending clothing. Well let me ask you actually as it relates to that. Is it because shopping habits have changed so much like it they're sending it on health care. But are they also are the changing to evade the two young guys I work with here. If they do other shopping on Amazon.com they don't need to go to the mall like I did 1020 years ago. Absolutely you know consumers are hot on the convenient shopping online and people also care a lot about having a look you know hang her a letter from app or. And I you know people wanna. And on areas like technology you know your Brothers and their dollars ultimately it iPhone rather spend you know having a big batter with a logo on. You know it's data and blocks. It's not a stat Pamela Smart people really don't care if they want ethnic equality act at the job done. And you know they're back again that specialty retailers that much and not turn it's your problem a lot of ball. Ashley how much longer does this trend continue or we in the first inning are we in the ninth inning where are. That it just the beginning I mean that that can become a trend and eat right we're gonna continue to attack here EB retailers closing a lot of doors are gonna all turn into Marley helped banners. You know leave that Turkey. Yet at the Ehrlich at the beginning. Now now Ali interesting to hear your perspective on this actually thank you very much for your time. Eric I just got a text message from one of our listeners 781. As says Barry I have a business in a mall in New Hampshire. I just upgraded MySpace that's been about 75000. Dollars and all little nervous traffic is not what it used to be. And I've been opened for for ten years you know I think there has to be something you have to have. Some kind of hook that gets people windier store. The you've got to have. In order to be successful if your mall you have to have something did differentiate yourself. From the on line shopping experience because I think that's the competitor I think it's the on line shopping I don't they get so much. If you've got the demographic change. So if you're eighty years old you're buying fewer suits your buying fewer shoes you're leaving the living potentially less active lifestyle. Then a thirty year old picture. But. I I think a lot of this comes back to people buying things online. Yeah Britain did it does not think it you're right it does depend on what's gonna draw people into Somalia medium all with the attach movie theaters in two batters and those malls with the nicer restaurants and acted yeah. Restaurants attractions well I know just an example there's a mall down Kingston and they are adding a a ton of restaurants and like bowling alleys. There's some like 360 bar it is indoor. Go Kart re sang. So. I I wouldn't be present that's a trend that we see all these attractions being out to malls besides. Mortal malls are relatively. New phenomenon to you know the big developer of indoor malls and kind of in the inventor who. The head guy east owns the San Francisco 49ers to Barlow Marbury got himself in a lot of trouble he would sell the team. Andy to borrow now I don't recall Gil the team back when Joseph Montana knows there are currently in purple right before your days. But that was kind of the use the prime force behind these indoor shopping malls prior to that there'll outdoor but it another mauled its been nice job in terms of creating traffic. Is that one in Dedham. Ladies place abbey the one in Foxboro like question as to how long they can survive though he go to that one in Foxborough on. And Thursday night or Wednesday night is the need to do deer walking through the parking. Tickets. You go hunting yeah I mean I've never been attracted to patriot place just like I don't just like this one struck New Yorkers stores and that's pretty much now markings is just way too far walked everything it's 71 says I think New England weather. Might help the malls hang in there and it is opposed to yeah that's a point you know you think about whether in New England. I even daily yesterday were terrain right new go to the mall right. You think about the winter that was like last of how long that when her seven month that is. Right we do also have to keep in mind that we are in new England and is a much different economy from a lot of the rest the United States and you know while. There may be trends going in the press in states and more might not necessarily. Apply to states like New Hampshire Massachusetts Connecticut. Yeah. I go to the mall when I want a common product that I don't wanna wait for shipping everything else is on the line that's. Repeating what you said yeah that's that's how you shop rite EU only go to the mall. When you actually have to the problem the malls have to. Is there at a competitive financially there'd competitive disadvantage aria because. Think about the rent it if you wanna rent space in Iran it's probably minimal. Even if you're just a small nick next door when he pain 5000 dollars a month in rent. No idea if it's ought to do great Russia quote is to say give. You know the the malls that are throughout New England. He needed to get just a small amount of space. If you're paying a lot of rent they you'd be paying employees. Then you start to buy the merchandise whereas if you buy in on Amazon right there have them all there and employees to the same degree. Great days in our have to pay a health care benefits for their employees gave just. TV the online shopping model. Has so many cost advantages. Then it's leading people in that direction because you the other thing is you know somebody called in and they said they try to get help at Home Depot. They went online and bought their furniture while there are sitting in the home people furniture bwic twenty minutes right there at Home Depot there waiting twenty minutes for somebody to help them. They couldn't get anybody to help them they go on home Depot's Wi-Fi. They ordered their furniture they saved 600 dollars by ordering it online in the they walked out and they didn't have to loaded in the back of the truck here but. Like lawn furniture and yes if it takes up a lot of space right if you don't get delivered. The a lot of these retailers. Are facing an uphill battle. Wanna thank you for joining us on the financial exchange this hour. Don't forget we post a lot of articles on our FaceBook page which is deep financial exchange on FaceBook. Protecting your credit and identity is more important today than ever before bad credit report can cause your car and homeowners insurance rates increase and could stop you from getting a job or promotion the Bureau of Justice Statistics estimates at sixteen point six million people had their identity stolen in 2012 count myself among those victims mining is very Armstrong and I want you to learn how to protect your identity and prevent credit card fraud we have a free report that provides you with tips on how to avoid identity theft and it also provides you with reforms needed to request a free credit report from all three major credit bureaus call this number 8668106422. And will milieu of free report that teaches you how to protect your credit 866810642. To the cost free and so the forms needed to check your credit called -- 8668106422. Securities operative securities America incorporated member of an anti PC an advisory services up with the securities America advisors and arms on advisory group in securities America companies are not affiliated. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates -- -- refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates ask they're experienced staff about mortgage financing options and get a very competitive -- term fixed rate for your home whether refinancing or buying a new home work with leader bank calling 776917900. Or visit leader bank dot com leader bank Flint over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts -- mortgage financing deal with a local bank today and call 8776917900. Or email us -- loans at a leader bank dot com visit leader -- for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader -- dot com. Hi I'm Joan Lunden and appear worried about your parent Carol Loveland living alone like I was. And you are reliable senior carry 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 a place for which he could afford and it was magnificent. We're now. Very confident that she's safe and they just helped every couple who can't thank them and stuff. Are struggling to find 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 800 today by vice president leader bank mr. GA truly. We're here to talk about gold coins and silver coal means and really everything that goes into precious metals would kind of. Gold coins are available through leader thanks very weak cell two different types to sell American Eagle and program it to record two different types of gold coins. They're probably the more popular ones. And we also sell a fair idea of denominations so we shall coins we sell them in ounces we can sell gold bars. If you go further we sell in silver coins as well so where we found this to be attractive to customers or those types of folks coming in. Neither one abide as a gift sure. Or sometimes or investors who come in and they wanna buy the real gold said his alternative to buying you know gold beads yes or right of mutual funds that focus on commodities so I've heard a lot of people say that to me that they prefer to own the fiscal lacks asset that but it is safe deposit boxes and put it in a vault. They like that better than. Paper which they really don't know what's behind the paper absolutely and we sell them and all over different branches they can be. But you know at the branch in Belmont Burlington Arlington Cambridge Boston right checker brings absolutely. All right folks if you like to learn more about buying precious metals through leader bank. Go to any branch of leader banking you can buy gold coins silver coin you can buy gold bars if you're so inclined. They even come with an authenticity. Certificate. Leader bank is the only bank in New England where you can buy gold point 8776917900. Is their phone number. The website address is leader bank dot com they give them a call and learn more about their precious metals program 8776917900. That's leader bank. 8776917900. 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. Or to kill. Securities offered through securities America ink member finreg as a PC an advisory services offered through securities America advisors and Barry Armstrong representative from China advisory group in the securities America companies are unaffiliated. Had boo in here with a word about banks' safety you think your money in the bank is safe. Don't bank Garnett but generation ago bank account felt secure and they paid interest. This encourage the virtue of thrift savings but today. Bank accounts paid virtually nothing. And that shifted from low risk to high risk for example did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders who who you hit this. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on it. Still think you're bank deposits are safe. Yet this vital new white paper now call toll free 8051960. To 71. That's 8051960. To 71. Fight your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the new AP mobile is now available for free and iTunes AP mobile where the news gets its news. According to a recent survey conducted by Genworth the average cost of nursing home care in Massachusetts is a 134000. Dollars per year how quickly would your assets be depleted if he had to write checks to the tune of 111000 dollars every month but it's certainly ideal to develop your asset protection plan in advance like tends to get in the way if you or a loved one are faced 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 firmer at Cushing and Allen has put together a brain you guide for 2015. Called meaning 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 at your kids' inheritance coffee you're free procrastinators guide right now at 866. 84856998668485699. Said. This is the financial exchange with the very Armstrong. You're sweet. Stay on top of breaking business news and learn how to manage your money to help you towards a more secure future it's still fun did you exchange with the euros. Barry Armstrong. Good morning everybody welcome to the financial. Changed that while since I've been able to report positive news from Wall Street. Dow is up 47 points the S and p.'s up three and oil prices hovering around 59 dollars per barrel. Busy hour for your here's what we're gonna cover. Draft kings this is accompanied I think it's a three years old. I logged on to their website DAX I I have a username talkers on him on Capitol Hill Erica so. But we're going to be joined by Matthew English from trafficking sees a co-founder and he's gonna talk to us about this. Went that you need to know this because football season is coming baseball courses over and football season is upon us. In another month or two and again I think that's their number one sport isn't Peoria that nobody really by far. But this is a start up based in new England and will be talking about draft kings and then we are going to get an analysis I've been holding off on this story. Because I wanna get the latest possible news I can get and we will be joined by Phil Mattingly from Bloomberg. There is an effort to revive TPP. And we are going to get an update from Washington DC. At around 1145. With the latest and most recent news that we can bind on TPP. That's the trade deal that the president and the Republicans are working on Phil Mattingly joins us on that story. Before we do any of that though I wanna take a look at CBS the big announcement at a CBS yesterday Michael my co host today Michael Armstrong. They are buying. 16160. Target pharmacies target store target the retailer I didn't know they had pharmacies that story this can say the same thing. My Fiat ticket what you all about it but I things that really the idea to Athens grim and target is probably not an expert on pharmacies. On him. Buying drugs and reselling them out matched CVS has got a lot more purchasing power I'd imagine it's a must make much more margin on this and target candidates. And they just have the expertise so you know I think that's a great idea for CBS prior pretty good deal for target them greatly consumer. Yeah Gifford and Sarah convenient. You remember we're talking earlier about the need to attract people to your store yeah CBS's another store. That you go to that day that our kids who need it right brain your brother. Almost took as Ohio with a pellet gun right where did I go I CBS the Biden because he indeed it was like you UN had to go by the as the stitches and you know cause my medical repair kit but you know it was something I was in order online and wait for to come coupled trivia. And you think about again CVS pharmacies you go in there and trying get you to buy stuff if you're walking into. Is CVS it's since at a target and you're going in there for some drugs were the chances you walk out there without. May purchase and Leo sacks and I point and it probably be a more robust platform. Given Adobe CDS yeah me just because I think about it like when you go to your doctor. And he gives you your prescriptions. He's probably not gonna say while you are picking up at the local target rate when they say you are picking up the local CBS. Though all of the sudden CVS has another 16160. Distribution centers. For their products can you imagine what it would cost to build all of those are compiled those brick and mortar stores to open these are being incredibly expensive to expand like this match and pretty good deal here the only question I have been when I'd like to research is it's a one point nine billion dollar deal. Does seem to be doing anything for CBS stock it said about a 102 dollars a share my question is will they make. The CVS store bigger. Then what is currently targeted drugs or another usually take over more of the space within. His lately we have drug stores I think about shots right to some of my girl for shopping. There's an Moscow in the air but I would never use it. I I would even though on the air I'll still go from the Shaw's and then I'll drive a couple miles to go to the CDS yeah I don't Dubai. Adding walked down the ya. Right so pattern yet that's my perspective I think it's a good deal I think it's Smart. For CDS members picking up the distribution and I think it's brilliant on the part of target. Because not only do they get a 1000000009 cash. But they have now a traffic creator for the retail stores in a while I say this that target doesn't have the expertise to run a pharmacy and health care company. Apparently wal mart's health care companies doing fantastic apparently there. Able to get pretty good deals on drugs and people are flocking to their stores there pharmaceutical aids. Well it's probably a function of the unity. The price right. Yeah I do what I mean and that it's at a checkpoint as when I'm in Wal-Mart I will buy things like my glasses wipes and I will buy. Drug needs and super Wal-Mart words I won't do it. At me and shots were forced him and its price it's an issue related to race him. Local company. Going bankrupt COLT they started to file last week what's what's the future for Colton we're talking about the weapons manufacturer. Yeah that's it's sad it's kind of sad they're really old company you know they've made there that made their name back in the you know while the last days finesse on the first revolvers in the country and you know they've taken on a lot of data over the years and they are just unable to make does that payments anymore they lost a few government contracts and that's now making up a pretty minimal part of their revenue and the bond they shut their doors are the employees satellites everywhere but where does this company go from here you know I don't know it sounds like they're just gonna try and restructure and you know get some of that debt that they have currently restructured because these negotiations with the debt holders just haven't been going while they're talking about you know. Maybe settling for thirty sent the dollar at the bondholders want a fifty cents on the dollar and apparently haven't reached an agreement so it sounds like that bankruptcies. More just and shoots error an effort to get rid of some of that debt is it a union busting deal in. Yeah you would think so in the a lot of changes to union shop yeah I'm wondering if they're doing this to try to break the union AM you know Barack policies even if they do go flee bankrupt I can't imagine that they'll stop making coal to bring him to match and semi factual purchased that name is it is. You know it's an iconic American gun manufacturer. It is that it is that we guys kind of blew it on the first for your question. Because not kind of night neither one of you could get it I'll. I I I think all I'll give you another chance has yet ready for another train Bergen on. Now at any child trivia today simply in honor of the fact that the Chicago Blackhawks. One. Stanley Cup plus. What NHL hall of Famer. Holds the record for the highest goals. Per game average. In the playoffs not total points are talking about goals per game. Average. In the NHL playoffs it's a tough question I understand that 68680. Is our text number. A beauty. Just in case you eat in quite get it you have an opportunity to participate. In trivia every day here on the financial exchange simply. Text your answer to us at 68680. In if you're the first person is not enough to have the correct answer yet to be the first person. With the correct answer and I'll repeat the question because it is a difficult question. What NHL. Hall of Famer holds the record for the highest goals per game average. In the NHL playoffs not the regular season in the attention. If you know the correct answer you can text us at 68680. That's how do you participate. In the show as a tough. You'd Texas your answer but he could also Texas your comments if you had feelings regarding draft things. As somebody just did tied 8857 had a very critical statement regarding draft things that's okay. That is Matthew. Is the co-founder. Of draft kings he's gonna join us and were to have a discussion see here's the thing I don't really understand what it is tuck it ain't like. Do you made an attempt yesterday to and it to me. In my feeble mind still doesn't like to market through it by its. I'm just real brief which is assembling a roster for that game players that are playing in their respective games for that day. And there you signed a salary and Bewkes had eye exam today you'd you'd it's very simple to all Greek to me but I'm. Well look talk about drafting so you can understand what your kids are doing with their spare time that's meant money and their money. That's our next segment on the financial. With a married in the financial exchange on FaceBook FaceBook dot com slash financial exchange this is a financial exchange who. A network. If you are a mutual fund investor in order to minimize your expenses you need to first understand how all mutual funds assess fees and expenses the best choice at first glance may have hidden costs and what seems expensive could turn out to be a case of getting what you paid for different share classes have different beast do you know what you're paying these are management fees twelve B one of the reinvestment ease exchange fees custodial fees and administrative fees makes sense of the fees by requesting -- free guide called understanding mutual fund fees and expenses call 8669579902. And will mail you this free report 866957990. To understand the true cost of your investment the call is free and so is the guide called now 8669579902. Securities operative securities America incorporated member of an SIPC an advisory services -- with the securities America advisors and Armstrong advisory group in the securities America companies are not affiliated. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and a half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will be impact of an early retirement be on your pension and Social Security can you afford to retire now and if so how much income what you need and where will it come from Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Today's topic is securities America in member in SIPC advisory services up with the securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are not affiliated please consult with your quote I tax expert for any activity concern. Mortgage rates are still at an all time low and make sense to take advantage of these rates whether you're refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders and New England with a very competitive rates ask they're experienced staff about mortgage financing options and get a very competitive low term fixed rate for your home whether refinancing or buying a new home work with leader bank colleagues 776917900. Or visit leader bank dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank dot com visit leader banks for all your home buying and refinancing needs 8776917900. That's 8776917. -- 908776917900. Or visit -- leader bank. Does. Hi I'm London and you're worried about your character Loveland living alone like I was and you are reliable senior care information. They call a place for mom. The nation's largest senior living referral service you'll get free information on this is living and alzheimer's care nursing home. Even important financial information. Obviously brie or every not given meaning. They Downey plays or what you could afford and it was magnet. Where now. Very competent. And it all every step of who. So here's struggling to find reliable your living information call plays or mom this is a free service and you and ask them to help. If you are struggling to find reliable senior living information for your mom or dad didn't call or go online to get that we help you need during this turbulent time call now 804677530. 8046775. There. News financial news and what it means to do it's all right here on the financial exchange with Barry Armstrong on the financial exchange radio network. I do let me tell you what I do know about drafts. Draft kings is a website no there's there's stuff gets. I know it was started approximately. Three years ago. And I know it has a current valuation. Of 900 million dollars that that that's that's what I. Am aware of as a relates to drafting thus far now I did go in and I went online this morning and I set up by count. So you go in and you have it you'd get a username. And then you give an email address. And then they ask you how how old York you have to be at least eighteen. Years old age verification that there is not there at least not not from what I can gather. But. Would all of the state that I live in and I think that was it. But then when once you've been accepted on the very next page right. It asks you for your credit card information. So that's business model that that the intent is a pretty good business model when you anything about it from that standpoint but from what I understand. It's integrated drafting says width. Fantasies sports and on on line. Gained if you is that a fair assessment tire forget against the eighties if he is my dress that is from. That Mac Jewish just stiffness he's too busy to join us so we're gonna talk about it. And and and try to discover what they're all about. But you you you create your team if you will in the most common use sport is is he there okay. It that dad Matt Jewish co-founder. Of drafting joins us now I don't Nat. Very good I just signed up for an account with you guys but I still don't understand. How works in helping out. Yes addressed today elite amnesty or safe which means that users aircraft US and and that. And come arms are not earn it and indeed against each other. And one day of rain and it is sports games. There are certain tempos we have the US open coming up on Thursday. We're running a bunch of lead weird leaders will come today perhaps a lineup but I'll Ers. And Oakland Eden and would be against other users and forever. Most people think when that we human our apps. OK so. When I went right went on to the site it asked me either on I think is on the second page you asked me for credit card information. And then there is this matching dollars program right they like Greece say well. It you'll you'll match the money based on how much I deposit is that correct. Yes that's correct Beverly alerts but it near new users. A and certainly embrace her pretty you don't need to be out of the all but it won't participate in aid in the Ben you make a deposit and when people may eat first about it. We are murder to our opponent and it released it gradually over are meant by. OK so I didn't pick my team for the US open this weekend you said right. Correct and I can wager ten dollars on my team. Yet we have a full spectrum everything from recorder news much smaller and the biggest emerging as we haven't sought it out there and beat you leed rated RR one million dollars. He has a total of two and a half million Arabs. There's really date it's gonna have over 140 patent players admire or Thursday we're pretty. So it. How many registered users do you have for draft things. We are over two million registered users now and you know heading in about he'd and that's really the biggest key Brittany users are coming out there. Respect and really astronomical. Birds in registry. Our and of those users how many of them are pretty active now. You know everybody has been transported in the eighties and you know sported a little bit and in terms of army participate and yeah in baseball we have a few hundred baton acted it here. You know on a policy and it'll be over a million active they are there is really in. You know depending on the sport and I'm a year it's burn really really. So how did you come up with this idea Matthew. You know myself and and robbing and how Lieberman. That you are under scrutiny. You know where are from are then they're really big sports we've been following. In the so they Mary occurred and number eighty pretty much our whole way it's been. It's really a sports and you've got in Tennessee and this could buy into an opportunity that we thought you'd. Enhance the experience of watching sports everyday. Where you can shorten a ormat way of these unveiling we every night every a or rock in the game everything that's more relevant. Indeed if you're up. And so we really equipment Hispanic game that would create that engagement and alt Guerrero you know have been night or you know we're watching based. Even. And that's really what we're current army spirit. How many employees you have now met. We're creeping up on 200 employees now regret 19 well. Last year at this and it is thirty starter for. I'm desperate and expanding really rapidly at that moment that we seem in based. And how do you make money. So every time we rented a pain in the aren't they is and you know urged him well in the masters and dynamic here. Prepared 2.5 million in and Arabs and they are that supports a little bit more than. We. So whoever. Above and beyond that point five million and then that are at saint. And so on average about 10%. He. Did you ever envision going public. Yeah I think where we you know he's he. He Bolivar options open. And it spent the last thing on our mind right now you know early. You're there and I think we're in the middle Hogan grab market where. And it is so much birds but and so then I think a 100% Ers are. Beyond our gearing spray and injuring at teachers build up the product. Acquisition and yes. You certainly everything on the table that I think right now it's one of the last things are or. They met what is your ultimate differentiator between draft kings and it's competition. Yeah I think we're much smaller. Pope is on the customer in terms of products like we were mark it would it they're really pretty mobile experience. I'm we have the most sports we have where to and sports app so he eating it like you let the stalker. That are ETA which are different bidders grass. And it brought disgrace that this and you know the usability of this site making sure people. A pretty average are. Similarly based debate camp assistant and I'm an agreement that wanna be more than just big game and game. We wanted to hear really a useful service operating our players. We've made some big investment Burton video and written. That he and really engaging our players. At and make better decisions and they expect. Let it take a really cool concept on and are all your employees in the Boston market and he continued to hire just in Boston. No we're not so we're herbs may not listed in ops and about seventy. And avert your inbox from you and we also about new York and right union square. We have another upset that and we've missed you employees who are meadow. Or been. But the bulk of its team is patently boxed in New York. With it we have the listeners that are Chiming in with questions what happens in the event of a tie so for the US open would if you have. Multiple. Winners then all tied. Let's yet. Basically that outward we are out at about. That collectively be grouped order form and then distributed evenly college hiring people. That's never happened actually are building it bigger contest is awarded. Eat indifferent. Ers prizes of one million dollars in the last year. And we've actually never at one many of those games I think there's just a lot of that the game a lot of and those companies in that he bookmark where the Carolina. Where it is generally point quick timeout the aid but it people aren't. Now all right we'll Matthew congratulations on your on your success and we wish all the best thank you. Matthew K election draft kings co-founder. I don't know I tell you what this company has it going on he is going to be huge created already is quite pigment I can't tell you. Come football season and all my friends are using AD. You know sports. We Yahoo! Yahoo! had it going on right they had fantasy football thing going on sounds like drafting a surpassing them or at least gaining very rapidly. Thanks her joining us for that interview will come back with the answer to our most recent trivia question and we have another question coming up. Barry Armstrong and the financial exchange on the financial exchange radio network. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates with your refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates -- they're experienced staff about mortgage financing options and get a very competitive -- term fixed rate for your home whether refinancing or buying into Oklahoma work with leader bank colleagues 776917900. Or visit leader bank dot com leader bank -- over one billion dollars last year to homeowners in the Commonwealth of Massachusetts they're the true experts and mortgage financing deal with a local bank today and call 8776917900. Or penalize bad loans at leader bank dot com visit leader thanks for all your home buying or refinancing needs 8776917900. That's 8776917908776917. -- 900 or visit leader bank. Dot com this is very Armstrong and I'm joined today by estate planning attorney Todd let's ski from the law firm of Cushing and dole and with your financial exchange. Quick tip of the day. We're talking about the top misconceptions. Related to Medicaid your vocal trust in time a lot of our listeners are apprehensive taught. About transferring highly appreciated assets whether they be stocks or real state to an irrevocable trust because they fear their beneficiaries. Will not receive a step up in cost basis. Upon their death. True or false. It is false again they should not be out concerned about that because the way these trusts are drafted they will get a step up and remember. They should be concerned because most of these assets that they're transferring. Art house or vacation right they spent very little lawn in buying it. And folks that's what you basis there's very little if you paid for it. And now it's worth a whole lot more well if you were to sell it they take the value of what you sell it for minor issue or basis to come up with a gain. Well when you die. If these are owned either in your name alone or included in your state even reveal one of these trusts and the government gives you this amazing thing called a step up in basis which means you beneficiaries. Get back home that vacation home on the lake as if you bought it. It at fair market value on the date of death that your parents died and now if you guys say you don't want it and sell it you salad and you have no capital gains tax to pay huge win so don't be afraid of that put it in the trust to protect it and get to step up in basis. Here's a little bit of advice from your uncle Barry get the facts about protecting your assets from long term care expenses request this brand new guide from Cushing handle and the top misconceptions. About Medicaid irrevocable trusts 8668485699. Its toll free phone number called now and get your guide 8668485699. At 8668485699. Est in asset protection planning can be overwhelming -- you start how do you know what type of his right for you hi this is very Armstrong and I'd like to talk to you about the law firm Cushing handle it in creating a plea for folks in New England. For more than thirty years in the compute with all the different types of trusts available I can understand the confusion. When it comes down to escape plan do you need to revoke mobile truck do you need an irrevocable trust and what's the difference you need an expert advice and they put it together free guide that will help you do side. The best plan we view this pre guide the differences between revoke global. And irrevocable trust is yours for the asking call 8668485699. They can even show you how it's possible to eliminate your state tax I loved that part call Cushing handle right now to get this free guide 8668485699866. Eight or eight. 569. Hi this is very Armstrong from 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 yet frankly that I hear on the radio I like to buy gold from local institution that I try I owned gold and I by in my gold points 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. Branches in East Arlington Arlington Arlington Heights at Belmont Burlington and central where Cambridge and 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. More than send some of the world of finance where he'll continue to make some dollars as well as the financial exchange with Marie Armstrong on the financial exchange radio network. And well Chicago won the Stanley Cup last night. And we're celebrating by having trivia related to hockey today. And the question that we had last was what NHL hall of Famer holds the record for the highest goals per game average. In the playoffs many you had very good guesses Phyllis Zito Bobby Clarke. Mike Bossy I saw. The pocket rocket Rashard Wayne Gretzky was a gas Pat LaFontaine was against. Fact of the matter is correct answer was Mario LeMieux. It was we had a Michael from Manchester, New Hampshire now I gotta I gotta say that this is a confusing questions get Mario LeMieux has only the seventeenth highest. Goals in the playoffs. Regrets his number one but he does have the highest. Average goals per game the closure could question that that's what made it a tough question you don't don't do easy trivia and now no easy trivial I don't know. Here's another one this is you think the last sort of hard this one's really hard all right. What NHL franchise holds the record for most consecutive. Stanley Cup playoff appearances or text number 68680. Not talking about just making the play and not talking about gore and the final round of the playoffs right. So what NHL franchise. Holds the record for the most consecutive Stanley Cup. Playoff appearances art tech's number 68680. It's not enough to have the right answer you have to be the first person with the correct answer and you win a prize tech's number 68680. Michael's gonna tell all about. Labor groups that have accused wal mart's charitable foundation. Of using donations to ease public opposition to new stores I think they are guilty as charged when Everett in the story yeah I mean there's some. Pretty hard evidence that points towards some wal mart's been trying to expand into more urban areas with some smaller stores were not taught at the super wal mart's DC suburbs with the full food source but you know smaller stories where people need it because items and in the city. And you know a lot of local groups have taken a look at wal mart's charitable organization and have seen donations before and after they go into these markets. And it does look like Wal-Mart might be greasing the wheels a little bit so they're taken a tax exempt status making pretty sizable donations. Which you know in and of itself is you know fine but then went out not not no it's not an end and let me let me read something because the complaint. Alleges that the foundation violated higher rest regulations and these are laws right. By acting in the interest of a private company and not solely for charitable names that was my. Hours is that the donations and of themselves are fine but correct if you are doing that. Four V and do the intention of getting your store approved by local groups and yet it's a pretty serious issue. That said Wal-Mart is a very large company here in the US and be surprised if they can you know approve the intent out out of this that's when the fines and probably incriminating documents but that now it doesn't quite obvious them over the numbers in in Los Angeles. The years their opening historic trek eleven donations jumped to one point four million and then the year after the store was built they dropped off to a 30000 into thirteen so I mean there is pretty substantial evidence here Dan. Yeah will be agreed saying do business in America apparently. Now. Hey I want to bring up a topic. In and I need to do this because I've met with folks. And they'll be talking about their financial affairs with me and say well you know I I don't wanna do one of those are vocal trust my neighbor told me. That. You know that the cost you more in taxes. I don't wanna do one of those your vote will trust because I heard you lose all control of your assets if you if you do that. Now if your ears aren't you is. April personal at both of those statements are untrue they're false you don't pay more taxes as a result of creating and durable Coble trust. And you don't lose control as a result of creating an irrevocable trust now I am not an attorney but Cushing and Dolan is full of attorneys. And they have expertise in the state planning and they are offering you a guide. That will help you understand the misconceptions. Of Medicaid. Irrevocable. Trusts I just told you a couple there's many of them. If you'd like to get a copy of this guide or you have to do is call toll free 866848. 5699. The guide is called top misconceptions about Medicaid irrevocable trusts the phone numbers full free 866. 8485699. Todd lots key from the law firm Cushing in Dolan. Put this together it's available to you free of charge here's we need to know the phone calls free that's a toll free phone number that I just gave you. The guy is free. And if you're nice about it Todd lets you might even give you free consultation. To discuss Medicaid trusts with one of his attorneys. The phone number toll free 8668485699. Is that number that you should call. Yesterday Michael there was an announcement. About united health. Buying. Abu Hussein was not. I united health is during a preliminary takeover approach and Aetna. Whereas anthem is trying to take over signal so a lot of them and a activity going on health care industry as a whole. And you're starting to see it in the insurers so if you if you looked around. You know. Last year the hospital and an activity was up quite a bit and I am you know there are a hundred. Mergers and acquisitions last year as opposed to fifty in 2009 now you're starting to see quite a bit of it in the insurance arena and I think it's you know a direct effect from the the new health care policy that new Obama care. And it's just a lot of Asian do business if you're a lot bigger Leon. You know these these insurance companies need to negotiate rates with these larger hospitals and being. Substantially larger allows you do. Not to mention that there's a lot of new risks and new things going on an insurance market and being bigger you've dated BO. And others different risks worsening. The TA which is a precursor to the TPP. Basically the world trade deal and not in the world trade it's an eleven country trade deal. It was shot down on Friday right they've lost badly on Friday much to the embarrassment of the president of the United States mr. Barack Obama. He's been working on it all weekend trying to call up congressman and try to get them to vote in favor of it. We will be joined by Billy how's he's congressional reporter for Bloomberg News he's in Washington. DC he's got his feet on the ground he's gonna give us an up to the second update as to whether or not the TPP is dead on arrival or whether it's still. It work in progress that's our next topic on the financial exchange. Get some market update hey I'm. On the financial exchange in the financial exchange radio network. If you Google passive protection claiming they get more than fifteen million results are we supposed to make sensible all that information we believe and where do you start pushing and Dolan the experts and elder luck have written a brand new guide top misconceptions about Medicaid are remarkable trusts this guy details thirtieth the most common misconceptions about using a replica will -- to protect your assets did your free guide at 8668485699. Think you have to give up all control think again think you have to ask permission from your kids to use your own money not a chance think you're going to have to pay higher taxes if you wanna make duress that's unavailable for nursing home costs nothing could be further from the truth there are a lot of so called experts out there on the Internet coming to you from all over the world gets an information from a law firm that has been helping families like yours right here in Massachusetts for nearly thirty years 8668485699. 8668485699. That's 8668485699. You've probably heard that if your spouse goes into a nursing home your primary residence is protected but did you know that he's only temporarily saved if something happens to you your house becomes 100%. At risk for the nursing home advance planning is ideal however if you do nothing else you need to have your basic state planning documents in place this will allow you to save some if not all of your assets last minute if you or your spouse enters a nursing home Cushing and Dolan has put together a brand new guide back to the basics it's a complete guide to a state and asset protection planning call for your free copy now here's the number 8668485699. This guide will teach you. Fundamental basics that you need to know about estate planning 8668485699. This is a limited time offer so call now 86684856998668485699. Escape in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hide is very Armstrong and I'd like to talk to you about the law firm of Cushing handle it in creating state planes for folks in New England. For more than thirty years and they get so cute 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 and durable global trust and what's the difference you need an expert advice and they put it together three guy that will help you decide the best plan we view this pre guide the differences between revoke global. And irrevocable trusts is yours for the gas call 8668. Or 85699. They can even show you how it's possible to eliminate your estate taxes I love that part call Cushing handle right now to get this free guide 8668485699866. Eight or 85699. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates will be your refinancing or buying a new moment leader bank is a local bank that is one of the largest mortgage lenders in New England with the very competitive rates ask they're experienced staff about mortgage financing options and get a very competitive low term fixed rate for your home whether refinancing or buying a new home work with leader bank calling 776917900. Or visit leader bank dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. There's a true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank dot com visit leader banks for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader banks dot com. Making your Smartphone even smarter. Download our mobile lab by surging financial exchange joke and iTunes or the Google play store. This is the financial exchange. Radio network. Democrats are determined to see that our economy comes to a screeching halt and they've done so by making sure that the TTP does not pass. We are joined now by Billy how's he's congressional reporter from Bloomberg News and Washington DC I Billy. Good so what's the latest on the TPPs it's still dead. Well he's not yet but it stalled and stalled because the this week pre trade assistance measure that. It is not directly related to that feel as part package and I have stalled peace. For existing. Strategy work or the front illustrate package that. What happened at. That the Democrats well around the second. What are part of that packet while it you know. Well open your. It all the hands because that part. Assistance are workers whose jobs. Right right in the one more right. Democrats but it appears there are what exactly that one but opera would or Connecticut and other let them fight. And once they don't like EPA had been negotiated they say secret. All these tax yeah. That. It doesn't do it could be at work. On the other hand they. They used motor vehicle burned out at least temporarily we're gonna happen is it without. Related measure. That would give them to July 3 at the end of July and oldest now. Also this is gonna drag on and it's not dead it's just like you say stalled. It is not stall you stall. And beyond July happens to coincide. Due to Purdue highway. Infrastructure. Google. Which by the way is what our leader and well for. Something that perhaps. It will bust transportation jobs program. Might he do it Democrats are helping out they. Won't hear. And remedial or. I doubt that makes sense he you get sorted that out in notepad so. Yeah it's gonna stall in the B a lot of grandstanding done for the next 45 days is that a fair statement and then they'll probably do it until in the dead of the summer on a Friday night. Well suddenly see article written an artist collective spirit. You know that will cease and jobs programs in the midst. I they are patient bill. That may suit the democratic concerns. And a maybe think it. No 88 yeah assistance part huge cast. And there or all those present that aren't but. It. Yeah now Lott were to keep you on speed doubt we here in trouble now Billick as we get yourself well number. I. Thank you very much appreciate your time. That's Billy how's he's down right mean he's in the bowels of a Washington DC and at how to make sense what you just described right. Democrats want highway bill. That they get their money for the highways. Republicans want a trade bill everybody goes home happy. And American workers it's. If if he had if you're if you work in a factory that's it but if you work in on highway construction you you and rubio get retrained as they. I construction worker there you go hey I gotta tell it I ate some of you knew the correct. Answer Tora last trivia question but evidently do not have enough Boston Bruin hands. In our midst what NHL franchise holds the record for the most Stanley Cup playoff appearances. If in fact was the Boston Bruins between the years. 1968. And 1996. Now the only one to cops during that period time. But they had some wagons back in the early seventies when Bobby Orr was there and then they had some terrific teams in the late eighties early ninety's for goodness couldn't win the cup. You know he just couldn't win it seems pretty remarkable is only two cups that long playoffs 29 years line at every year. In the Shia Ray Bourque to go where Colorado and again it is. He did. We had back Tom from Springfield with the right answer that are good for Tom listening to a son W each lion in grants. They a lot of talk about interest rates mean you know he knew we we've talked about it in the past. And here's this great fear can't pick up a financial publication. Without reading about warnings interest rates are gonna arise and it's gonna decimate the economy your interest rates are gonna rise and you're your portfolio is gonna fall partner interest rates are gonna rise need to buy gold which is actually. Just the opposite should be done with school if interest rates rise disease just for the record if interest rates were to rise but it it gold itself law. The right now I've got the ten year treasury trading at about 233. And I think we should explain Michael take a few minutes to get back to kind of economics 101. As to what would happen if all of a sudden the Fed did raise interest rates SAB they went out and they went nuts and raised rates to 2%. Chair so first thing that happens in most dramatically. Impacted investments would be traditional bonds so if you hold it on that is let's just imagine your polling area. Apple bond that's paying 3% interest for ten years. Man suddenly interest rates or 2% higher and you can go at apple on paying 5% for nine years well. You have a tough time selling your apple bon pain 3% now if you hold it till maturity and you get your money back and there's no real implication there rather than if you were to try to sell that then it would be little bit tough but traditionally traditional bonds are going to get hurt with rising interest rates and it tends that a lot of volatility to the overall stock market that utilities. Get hurt a little bit real estate investments can sometimes get hurt by rising interest rates so. What happens to the bot value of the US dollars you can buy. A US treasury. Short term treasury and 2%. And you have to pay money loaned me. German treasury. That's got to make the value of the US dollars nifty. One day or you could certainly see quite a bit of flows into that you know it's already. The area of the US treasuries yielding a lot more and he term interest here any other treasury out there and he would with the US treasury above 50% and six months and near the US currency yeah yeah I mean it's it's been that's been jet. You it's it's mainly bad for the US. Exporters I'll talk to anybody that the manufacturer. Right yes a year manufacturing electronics and you've got to. Plant in New Hampshire trusting. You that your field pitch because all the sudden. Your product is no longer price competitive with the South Korean chair and you know Bob that's great if you wanna go on a trip to Europe its not really. Beneficial to the overall US economy if you're going traveling here and spending money so. Obviously it has a bit of an impact on the US economy. There are some advantages you know we we are able to. Import at a cheaper price or you know the consumer is better off with especially with. Then the depreciated any money because they lost their job. Because of dollars to strike in that's that certainly the downside to Z the yet remembered the dead. They're number one of. Couple mandates in employment is a man and he ranked and they also have inflation hasn't yet. Write it and if you had to pick between those two inflation is their bigger main menu the Tuesday dear dear to objectives on the part of the Federal Reserve. They want inflation to run. At about 2% that's the target may be as high as 3% without. Going nuts and they want unemployment. To be at five and a half percent and they want wage growth within got the five and a half percent unemployment. If you can't touch inflation with the numbers we have super depressed energy prices and a strong dollar is just no way you can reach that you know nonetheless I don't think yeah I think the markets are certainly expecting an interest rate hike come September. Certainly with the markets sank. The debt markets are anticipating and I think you're right I do it there's September December is is up for debate and you won't know until the end of August. So he had an interest rate hike I think it's largely. Going to be symbolic and it's going to be. A gesture on the part of the Federal Reserve to start re loading the gun. You might get aid so the rate might go to half a point in September it doesn't happen in September happens in December. But they knew me Nazi another right right hike could be a year could be multiple unique it's going to be dependent Michael I think on what happens in Europe. Yeah I mean and China yeah Europe China Japan these markets need to recover before we can dramatically increase races you've you've already seen. You know the iron mask and the United States and say please. Don't don't co raising your rates right now it's not going to be good for terrorists the world so yeah maybe they had that 25 basis point increase just make a gesture of talk about it for years it's are priced into the stock market. We look at foreigners rate and they have choices the Chinese the Germans. The saudis. The Swiss the Australians. Who have around the world and they all have choices as to where they can park their money where did they choose to put their money. Always comes down to the United States you know those there's. Predictors that. The US not to be the global currency anymore and that values and good that your sister like you know who are saying that all the people that wanna do by their gold well that's right or you like it. Beat those predictions invariably come from retailers of goals then write a you look at a website like zero hedge funds it. Gold producers and it fell to golds in it doesn't say it's a gold site the zero hedges funded by people in the gold. The people that want you to panic and people that want you fear that the world is coming to an end they ultimately. Are trying to prop up the price of gold which by the way trades at 1176. An ounce right now. So if you had rising interest rates if you had a 5% ten year treasury or 4% ten year treasury. Oh my gosh gold would probably be traded 800 bucks announced may be less you know gold used to be that long ago. Gold is trading at 270 dollars accounts in your back to. Just prior to 9/11 is that 9/11 that brought on the principles. Noted prior to 9/11 gold was at about 270 dollars now which bought more. Hey I want to thank you for tuning into the mutual exchange every day Michael thank you for joining us source Tucker Silva a great job on the boarding booking guests. Don't forget to like this on FaceBook we are the financial exchange on FaceBook. 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 introduce 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 operatives securities America and number SpinRite as a PC an advisory services operatives securities America advisors Gerry Armstrong represented on an advisory group Ministry's American companies are unaffiliated. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates with your refinancing or buying a new moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates ask they're experienced staff about mortgage financing options and get a very competitive -- term fixed rate for your home -- the refinancing or buying a new home work with leader bank -- 776917900. Or visit leader bank dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts and mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank dot com visit leader -- for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visible leader banks dot com. Hi I'm Joan Lunden and appear worried about your parent Carol Loveland living alone like I was. 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