Jun 17, 2015|
Full Show 6.17.15 by The Financial Exchange
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is very are strong and I'm joined today by estate planning attorney Todd what ski. From the law firm of Cushing and dole and with your financial exchange quick tip of the day today we're talking about the top. Misconceptions. About Medicaid. Irrevocable trusts taught on that note. Many people a lot of our listeners are afraid of giving up control. Of their assets to a trustee with the use these terrible we'll trust is this a valid concern. It is absolutely not about concern but one that I can understand why people think that right they hear the word irrevocable immediately think you know that's that I have no control well here's the real issue this irrevocable trusts that were speaking up well I don't love it if you serve as trustee yourself so I don't want mom and dad to service trustee you put on a child let's say as trustee first while they should be a friendly trustee is that your fans sure but most importantly how do you retain control you retain the right to remove. And replace that trustees that called power of appointment no no just a simple power of removing and replacing it trusty little different than power appointment but absolutely just kick him out any time you want and replace them with anybody you want to just not yourself. Well Harold W Baird that's sends the message to me that I really have the control over the trust not the trustee and if they were doing in the I didn't like you better believe I'd given the vote. Very good well you need to get the facts about protecting your assets from long term care expenses at least that's my suggestion. Request this brand new guide from Cushing and Dolan. The top misconceptions. About Medicaid irrevocable trusts 8668485699. That is the phone number you should call and I would call now 8668485699. The name of the guy. Is the top misconceptions. About Medicaid irrevocable trusts the phone number is toll free 866848. 5699. Advance the state planning has many benefits 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 -- to exchange each week taught about ski a partner with the law firm of Cushing handle educates 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 for your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Securities up with the securities America -- member and IS IPC and advisory services up with the securities America advisors think Gary Armstrong representative Armstrong advisory group Cushing and Elin and the securities America companies are unaffiliated. It did you just looked on your phone. You did it again do need. You know you'd find on the road in a three ton hunk of steel. In attacks take your eyes off the road for an average of five seconds. At 55 miles per hour and a Smart enough to probable link tumble full ball field and cause some serious damage. Turn off. Trust me. Whatever it is you'll lose learn more at stop text stop Rex Dodd or rusty by the I councilman National Highway Traffic Safety Administration. There's your basement or crawl space have a damp musty smell. Well watch out that's a sign of too much moisture and not enough ventilation and that can mean increased mold growth and the buildup of harmful toxins and gases don't bother with the 1888964. Way. When the time comes to retire don't just roll over your employer plane into an IRA whether you've been saving and a 41 K for three B profit sharing plan or money purchase plan you'd generally have several options each of which has its own advantages and disadvantages if you're entitled to a pension your employer will provide you with various choices or how you would like to receive your balance did you know that if you have company stock in your retirement plan there may be substantial tax savings opportunities for you to keep the employer stock rather than just cashing out and rolling over the proceeds to an -- we are making available a free guide that will help you learn about distribution options from your employer retirement plan assets 8669579902. That's 8669579902. He's up with the securities America asking members and 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 tax me to concerns. Yeah. And this is the fundamentally change we've Barry Armstrong. You're street 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 initially exchange with the euros. Barry Armstrong. The transition of our economy and workforce. Is nothing short of amazing. It continues with an announcement that was made by Amazon yesterday hi everybody my name is very Armstrong and I'm joined by chuck is ought to. And you know we we look at what's going on. With the workforce and companies like Amazon and looper. And Netflix are such innovative machines that they are changing the way we live. The reason numbering up Amazon right now is they announced yesterday their next delivery drone. Not going to be an airplane not going to be a helicopter. Going to be used trucks on you can you are now going to be able to make money in your spare time working for Amazon.com. As well off. You may see a lot less availability for me now once this takes off factually and I'm looking to see what they pay but it's something I'm considering itself. It's now what Amazon is doing is they are they've announced that they're going chew up potentially undergo this pilot program where they're going to test out having. And of folks like you and I sign up much like people sign up to the Hoover driver's right to be Amazon drivers and that the goal behind this. Is to enable quicker deliveries seemed a delivery potentially. One or two hour delivery in a number of major metro areas. And naturally the holy Grail they've been chasing they played around that he is like drones and so when their due. And that in New York. The bear doing that the package delivery within the hour yup in New York City and they may be doing it in that out on the West Coast I know it's very effective in New York my son uses it. Yup and raves about it. If you're sending it to literally hit eight years. In your hands and thirty minutes. Yeah and I think that what's going to be interesting about this and what what the potential downside is it's not my idea that necessarily scales well in terms of profit because you always have those people. That you need to be paying you always have to have that workforce able to. Make those deliveries and so will we talk about businesses that have historically been able to scale well let's talk about Amazon's core business okay. Their core business is simply. Online retail you don't need all the people in the stores the retail workers you simply have these warehouses. In any of the warehouse workers but we've seen that you're able to get robots in there to assist them and so forth. So I look at this idea and I think it's it's great as a first step long term I don't think it's sustainable as a growing business just as I don't think the margins will be there on it. Well let's talk about it that this service is called on my way it's going to be an application that you download to your phone. And this by the way is bike week right so. Motorcycle week up in the Colonia yeah at a rate coupled rainy days earlier but this you know elect today there will be a lot of guys on their way up to look Colonia today tomorrow in on Friday night if you're driving up to look coney it'll be. It's just. Hundreds and hundreds of motorcycles heading North End to a complete in house so let's pretend that you live in New Haven, Connecticut it. And you're going up till Colonia New Hampshire for bike week and you know that you're going to be leaving on Friday at 3 o'clock right. We've got this on my way app. And that apps says gee if you're willing to stop by and pick up forty pair of sunglasses. And drop the law at Weir's beach in the Colonia will take you to do that your goal and any. You know your leave and on Friday at 3 o'clock and not affecting your plans not affecting your plans but you're gonna get paid. Now the big question is how much re going to be paid can we don't know that. That hasn't been disclosed and it's likely not going to be very much I was shocked to learn. How little it costs. UPS to deliver package eight dollars is the yet. BU you're recipient of this quite regularly see stuff being dropped off from any deliveries are you getting per month. Today in the office 68 and he raft to start at Tucker we should charge. Two. Charles eighties some kind of a fee for all the deliveries were receiving here in the studio on his behalf at all packages something. If you weren't even icing your arm down a while signing for those. It's it's it's Carla at times to punish it cost them eight dollars to to deliver that package that's what the UPS costly but that's because they have economies of scale they break one driver taking all those out and when I look at this this is moving in the opposite direction which is why I don't know the margins are going to be there when it's all said and done because let's let's take that drive what's that someone has to make. Let's let's call just an hour drive from Boston Providence let's say that they're doing now. Okay if you have to make that hour drive but they also have to have an hour backseat talking to ours even at minimum wage you're talking 1516 dollars. The whole idea here chuck is not to go out of your way it's it's for talker who. Commutes from the South Shore every day he leaves his house the same time every day. And he drives in the same location everyday catcher in the morning and then you're doing the same thing on the way home. So for the guy it's a regular commuter they're gonna say OK well you know what there's going to be a package on your doorstep when you get out in in the morning right you can pick. Package up in your put it in your car and then when you get to working got to put it on somebody's doorstep that's that's the concept behind this Amazon delivery sir. He still doesn't seem scalable to make. It doesn't just because when you when you talk about it again at 51 UPS driver yeah dropping off 250 packages OK you know all pay him 300 dollars for the David is to. The dollar 25 cents a pack you up okay. If I have. One driver dropping off one package even if we're talking half an hour we're talking 567 dollars were talking a huge scale there. And we're talking and retail. Where margins are paper thin anyway thanks to your saying this is an innovative idea but it doesn't have I think this is a good intermediate step by compare this to. Think about the the concept of using natural gas is the average fuel from coal moving over to renewables eventually. I see this as the natural gas for and the on this is this is a bridge for the next several years until they can figure out what's next I think long term. Look we've we've done a ton of talk about you know driver was cars and so forth there there's your long term solution but it's not here now cut. Charitable gifts in the United States totaled an estimated 358. Billion dollars in the year 2014 surpassing. The peak seemed to work the 20072009. Recession. This according to an annual report on philanthropy. From giving USA. The giving USA foundation does this mean we're back trucks to me that backed that charitable giving is back. Yeah I write it's if that to me is is a sign that we are recovering from the economic demise that we suffered. Several years ago. What thinks so and when you look at the numbers giving rose seven point 1% in current dollars five point 4% on inflation adjusted basis. We ended up with about 1% more in donations than that record year we previously had. In 2007 so it does it does clearly indicate that people do have. At least a little additional cash they are willing to donate right now the question. Is where is that money actually coming from in terms of who is doing active. Okay because when you look at this OK you know we had several gifts of more than 200 million dollars a couple that were more than 500000000. And one that was almost two billion dollars last year so you look at how some of these larger gifts work and yeah maybe some of the people at the top vendor feeling more comfortable and willing to make those big get. I wonder how much of it is related to stock market to get let's say Europe founder. A company like. Amazon and go pro. Or. Netflix right this just use those three companies whose example yup and your stock is sky over what's Netflix trade senator boxer six closed 66 the ozone in the sporting rights and if it is their stock is gone wild in Europe founding member in your share he paid a penny. A share for your shares. I wonder how much of it is it is the fact that the stock prices are so inflated. That people are just saying it I'll give a hundred million dollars what did it cost him to give that hundred million dollar gift nothing as he got the Scalia for nothing and founder. And an I totally think you see a lot of that right now and and you also have people who say OK you know I may BA made a ton of money this year in a league guys who made 12 million dollars as they look I need to make a 500000 dollar gift is to get something that you know I don't wanna deal with this so. I think what isn't reduce their tax rate. Exactly it's it's a hero it's an encouraging sign button but until you see the actual breakdown in terms of where this is coming from on I'm really AI income basis and an asset bases and I think it's. It's too early to say we're definitely. I have a question for you too young lads. Did your mom. Work full time win and you were in grade school lately when you're in fourth grade Tucker lose your mom a full time worker she was OK at W chuck was your mom did she. Get up in the morning and and go to a job. And then come home at night at 6 o'clock and and he didn't opt for several years not all the time but for several leadership idea thank we're going to be joined in a moment. By a professor from harbored her name is Kathleen again. She has done a study in conjunction with a couple of other institutions. And it demonstrates she's gonna provide her evidence that kids of working moms. Are better off. Then kids of stay at home more so it's a controversial study. I take exception to some of the information in the study but we're gonna talk to professor Kathleen again. From Harvard about working months are children of working moms better off. Then. Children of stay at home moms that's our next topic on the financial exchanges can chime in early if you like our text number is 68680. Breaking financial. Financial exchange with Barry Armstrong 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 when 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 -- -- -- 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 -- -- bank calling 776917900. Or -- leader -- dot com leader bank -- over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts -- mortgage financing deal with the local bank today and call 8776917900. Or email us -- loans -- leader -- don't come -- leader -- for all your home buying or refinancing -- 8776917900. That's 8776917908776917900. Or -- 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 it's pretty American member and 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 a tax expert for any tax related concerns. This isn't powers and I'm joined today by is the planning attorney Todd lucky. A lot permit could mean Ellen with your 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 in to a nursing. Todd can anything be done to save the liquid assets of an unmarried individual. There are some things now remember it's never as good as as advanced planning but it's better than losing all the money and that's really the goal. In order or an individual who single engine on Medicaid. They have to have less than 2000 dollars and often times they won't have you know few hundred and that they seemed over their lifetime. Well bucket of money is there the individual what and how to. Purchased one of these Medicaid annuities and please let me just throw a reminder that these annuities and not be purchased prior to. Someone going into the nursing home case so don't let somebody tell you that they can you make an annuity today. It's a last minute planting technique. And once you buy this annuity lets me take two or 300000 dollars up excess assets. And purchased the annuity thing though is that that's that's that's our converted to an income stream so you and and have less than 2000 dollars of assets. Because now. Big chunk of assets has now paying out an income stream a month we checked you'll receive. Over your life expectancy whatever your life expectancy is that a 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 but you need some guidance. Collar profits right now heard the brain a guy from Cushing and Alan cleaning for procrastinators. 8668485699. At 8668. Or 85699. Helping cut through the financial piano. At speeds BA Barry Armstrong in the financial exchange on the financial exchange radio network. Our guest. Is Kathleen McCain she's a professor at the Harvard Business School twenty did a study recently. Regarding working moms and more importantly the children of working moms professor McGinn thanks for joining us. I would just gonna read everybody the first paragraph of this article those posted in CNN if I made. Daughters of working moms grow up to be more successful in the workplace than their peers they earn more and are less and are more likely to be bosses this according to new findings. From Harvard Business School study. How long did it take you to do the study professor. That they were collected by an international consortium into government to end and then twelve yeah. And that 2012. Data came out in the all that we've been working on and off. OK now was it just a positive impact on daughters or how did it also impact. The the young man. That these mothers gave birth. Have been raped by her mom was employed out and home October. Their content. Detectives are in a very different way. Aetna are kept on there when the outcome at all because boy it men are great to believe that they should be going to work. On the car and put another. But blatantly and my arms and significantly more time when their adult cheering their team members. So it affect what. I'd do it home and it went topic. Did the deed was the study conducted just in the United States or was and other countries as well. No it crept 24 countries their countries in Europe Asia. And Aaron Israel and the Middle East country and Latin and Central America. There is one anomaly in the study and it it had to do with career prospects of children who identified as conservative they were. Unchanged regardless of whether or not they had a working mother with woody what happened how do you explain that. Oh actually means is that. Being raped and non the parade. Change barely think about what normal and appropriate for women and our men do and Errol. If it it being raped by an employee non doesn't act. Then if capitol working mom are much much we do. So and when we look at the facts. Without looking at gender attitudes. And stronger. When we include gender attitudes you know are now are these. It expert employed mom. Where are our work through a change in gender. But it didn't you didn't act the way you're going with like. How do you explain the fact that. I am working moms decreased. In the years 1999. To 2012 is that a function does the pew study group report but. Is that a function of the economy. So I you know I'm. Not an icon that I can't tell you all agree. But certainly it doesn't Whitner in a two year out but you tweak it we look. Across the world. When the employment is going up or. Would BM and other. Thing that you learn from the study was adult men. Who grow up with working mothers spent seven and a half hours more per week on child care. That was fascinating. Connect up in the US. Good number and my speaker in the US and they are not for the rest of the country in the world. I think the future costing. Contract at all we don't have great child care at stability. And so when you have to appear to work at home both parents have to pitch in child care the other hand and mentally read I'm moms can work at home also had to Mary. Women who work outside the home stereo audio all right Betty and her colleagues have shown that a across on multiple parties and so part of what happening at that these men are raised by employed mom. Contribute lowered because that's what they think is reasonable equipment to do it also because at the kitchen work because that way it might like it in court. And the Darren and redact what else did you learn from the study that surprised you professor. If they don't but ultimately that the effect. According to provide great responsibility. So you were so surprised that women. Emulate what their mothers were barely known for years all that emulate but there are others do. I but we are surprised it and as we speak your mind goes to work even for a short time child. Makes you believe that it's reasonable or witness to hold positions of responsibility outside. And and that's an area. Good good well professor thank you very much for your time and all of your research and he I guess I'm guessing your students and you worked very hard on this. Thank you very. I professor Kathleen begins from Harvard Business School joining us says it relates to working moms. You have any feedback on that trucks otter Tucker entity feel about working moms and impact your lives at all. Not a conscious way I think I mean I'm sure that he did have an impact obviously but. And yet they know for me I mean again it's one of those things that you probably almost don't notice how it impacts electors if you're so close to the situation. But you know I'm sure that the issues of Furl a lot of people. You know again just having that positive role model as a a mother being out in working now I think especially you know for our young girls I think it makes a lot of sense in terms of how a potentially directs them going forward in life. Elliot Tucker your mom worked full time when your kid yeah I mean I just have a sister and my mom. You know she went to work she busted hump you know worked five and Nam threes two kids in the process and I definitely look up to her as a role models one artist working people now try to emulate that. On net and the other thing all absolutely now. I am you know like you two fellas her. Not great hockey fans and you both. Had trouble yesterday you didn't try out a pretty big hockey for well would you describe yourself as a bigger hockey fans and NBA fans hockey and soccer hockey. Both hockey so well. And you really unique is Tucker I tell you Lendl for three yesterday I was close you even have me on idol but Tucker when we got it wrong yeah. You're they are pretty tough but anyway. We are going to NBA trivia because. Oakland won the NBA championship last night yet Golden State Warriors percent of forty years and they are based just on clear Golden State Warriors they Plano correct that our. Here's your first trivia question who was the first top five pick from Florida State. In NBA draft history I apologize if question I didn't pick this one but. I know it's hard where you get these fraud and you know what. I have seen you here at the way to view works as. I have listeners who feed me. Really tough trivia questions in and I impose those difficult trivia questions on the bodies now I will tell you. We had hundreds of people. Participate in trivia yesterday. And they got it right it's just you guys seem to be struggling and we did have a lot of them listeners with correct answers and I don't see anyone who has the right when he gets afford today what you don't know you don't know. On who was the first top five pick. From Florida State in NBA draft history. I'll give you a hint. It occurred in the year 1970. Cash. And if he if he needs some more weight looks like we wimps we have we have eight different answers right now in La. Heidi you know they're not right if it can have these people need to go to Florida State now. We will see I bet you dollars to donuts that one of our listeners gets the correct answer that by the way if you want plea turbulence. Our text number 68680. He simply text the correct answer to us. In in wean yourself a prize fewer than for is not enough to get the right rating answer yet to be the first person. To get the correct answer to that question. Coming up we're going to be talking about. The US birth rate. Keep up with the financial exchange. You got it. Download the mobile left by surging financial exchange in the iTunes or Google place door from the financial exchange radio network. If you're landlord pay attention that first of the month rent today 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 the C rent leader bank in new product he rent automatically deducts. Tenant rent and deposit it into the landlord to count making rent 81 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 the lead or lost in the mail tenant pay nothing. And for the first six months it's free for landlords landlords go to www. Www. He rent dot net to learn more call 7816. Or 18691. Sign up hers he rent that day and take the hassle out of right date for everybody. This is very are strong and I'm joined today by estate planning attorney Todd luck ski. From the law firm of Cushing and dole and 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 there'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 hear like you here I get calls from the accountants. No offense to the accounts they can't tell that the trust is what we college grant tort 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 grand torch trusts will be taxed at a much higher rate. Then individuals. When I say a higher rate they don't actually pay higher rate at their rates are compressed and until 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 trusts 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 you. A fact as it relates to protecting your assets from long term care expenses. Request this brand new guy from Cushing in Dolan. It's called the top misconceptions. About Medicaid irrevocable trusts here's the phone number 8668485699. Toll free 8668485699. That's toll free 8668485699. Advanced state planning has many benefits. 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 pot -- a partner with the law firm Cushing handle and educate our listeners like telling them how to protect air 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. Securities topic is securities America -- member of an SIPC an advisory services opted to securities America advisors and Gary Armstrong representative Armstrong advisory group Cushing and only 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 -- local institution that I trust I owned gold and I bind 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 say locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 8776917. B 900 or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down in value. Following Barry Armstrong is good for your portfolio find him on Twitter Barry G Armstrong and days he's the financial exchange radio network. Chuck I want to thank you publicly for something you. Inspire me to do. Bad feeling about this knows Netflix. Oh god I love that there we go look at I'll tell you what. Mike cable company is probably going to hate you because you cotton. I'm I I have no it ever since I got Netflix. Right I have not I don't think I've watched television regular television by not going on defund it you want to get the documentaries there you get everything you need any. Think you need for news and get on line right. Yep you can you can just get you know he'd go to whatever your new new sources he can get in specifically what you want for news. And for entertainment. You know rather than seeing what time show was on. Go to Netflix. And you search panel your adjusted and right if your reached it in movies about World War II where fury and stayed in documentaries about the civil war figured stated in. There's one neat if you guys ever watch the peak he Flanders. Binders and there's an amount binders and set the prohibition one is back and it's post World War I. Britain it's kind of like Iran has announced in in the United Kingdom anyway I digress but I it I just love Netflix and I'm one of what forty million. He rally now dep now and and previously. Pardon Netflix you know what the highest number of subscribers for any paid media service was no idea there it was about thirty million with HBO also Netflix just since its inception. Has already outpaced HBO by about 30% wrote. Yeah like Netflix better then anything else just because it's. It's all over the place they're no commercials Britney I really enjoy the fact there's no commercials and you get up your your content. And I for me it's it's a history fingers on the if if I could have done anything for a living it would have been history professor I love the documentaries but. Hulu stepping into the rain to try to do battle with Netflix. I I hate to admit it but you know you're gonna stick tutor me on this stuff token because I I failed at Netflix for years on the very late Joyner to Netflix and I love that what do school. So what who is it was founded I believe back in either 2007 or 2008 it was initially it was a partnership between. 21 century fox NBC universal and Disney. And pretty much. Those three companies were sitting around and they said look the threat of online piracy. Is too great for us to ignore anymore what are we going to do in order to deal with this and what they did. Is that initially put up just a free version. Where they would put weathered their shows their movies all of their different content on there. And they would make you watch commercials and essentially. Have access to those shows through their platform just that they could still generates an advertising revenue through those commercials. Now what they've done recently. As they puts in caps on the free version. And much like Netflix they have a 799 a month subscription service that allows you to access all of those shows all of that programming. Through who the major difference. Okay. Is that Hulu is more focused on you war. Really and your major network shows no sign felt if you're looking at Steinfeld which is the most recent deal they just signed for a huge deal for about 700000 dollars an episode per applicant. So my guesses your knock in a cease sign held. On WSBK. No you still it's a separate licensing deal it is separate licensing deals at this this tells you how good of a businessman Jared Steinfeld. But so pretty much what you find all year you TNT shows you TBS seal on orders of the world are on there you USA shows up. Here's the big question yeah if I go to who left to watch commercials yes yet that's referees went with the free version other papers needed to call. That is the real leverage it for me to the FB two and a half I'm not pain eighties he Netflix no commercial break for now. Yeah who's rooting for now will say I don't know who's had a little bite your tongue young life I hope that's the case there are rumors I love Netflix. Who's had kind of a tumultuous start it's been rumored to be up for sale couple different times that gets in cash in a couple years ago. I I still think. It when it comes down to what you look how that that the different companies are investing. Netflix is putting a premium on their original content now and and I like that what I think. And were I think it really opens up some possibilities for them. If down the road instead of simply allowing their own original content on there allowing folks in and looked a lot that duration of this to make sure you're getting quality. But almost making a high in upper Echelon version. Of the YouTube we say look we'll allow you to separate channel here and post your content your and you can get some of the revenue will receive some of the revenue from it is well. There there's some really interesting business possibilities for them going forward C Yuri Europe more optimistic about Hulu tonight. I'm talking Netflix net Netflix okay yeah they boo hoo blue I think has a niche for people who cut the cord on that Felix is gonna get some competition from Ali about. Internationally and in domestically I don't think it's a threaded all right. Roofing is that you get in China rate China is gonna have like 60500. Million middle class television viewers that's where you going to be. You gotta be in China and be successful Alley bombs and a front row seat to that put Bob does that any foothold in the US right there anyway they have and the Chinese market it if they go to China and India. They win. How how did they win I mean what they're gonna have the content over there but they don't prevent US companies from showing US content in the US so. All right here's the answer to your first trivia question which was. Who was the first top five pick from Florida State in the NBA draft history. And I gave you a little hint in 1970 turns out it was Dave Allen's date talents was selected fourth overall in the 1970 draft. And Charlie ward was taken 26 over this in the 1995. Draft. Joseph Smith was taken number one at one point so anyway deep counts was interleukin four. Brian from East Dennis taking on the win on that one so big win for the cape early on to the very good very good. He has ever had your phones stolen department cellphones none know now not from what my son had his stolen he's a student at Bridgewater state university. And it was lot not this past years when his freshman. His phone stolen. And he had the tracking device on it. And he went to the police and they found a note remember this poll was stolen while he was at Bridgewater state. The cops found the phone and got it back form in Springfield Massachusetts. The reason I bring this up is a teenager was killed after using an app. To find his lost cell phone because he went in tried to bind. His cell phone on his own he did not go through law enforcement bad idea. Because he's dead. Tees. Yeah and pretty much what they said is that this eighteen year old Jeremy cook Al left his Smartphone in have over the weekend. And then him and a relative track the phone and decided to go out to where the phone was tracked to. And pretty much they got into some kind of confrontation with three men and give it up unfortunately getting shot and now is it is dead. And pretty much what what I think this means what we have. On your phone is meant to help you if you. You know feel lost at at a party or fewer at a hotel and put it down refute the office that's what it's meant is not minutes ago. And confront the criminal who stole your phone just ripped right that tell your grandchildren that little lesson because I don't want anybody and up but this poor kid. Note if Jeremy cook if if you let it. If if your phone stolen you go out you go to the police say look here's where my thought here resources and you guys deal as they do deal with oh yeah they make my son he went to the the local police the reporter police. He showed them where the phone was in the cops went out and I don't know with the arrested because they don't tell right I don't know who if anybody got arrested but I really got a phone. Yeah I do it through law enforcement don't try to do on your. Hey I am a special announcement I'd like to invite you to join us on Friday June 26. The financial exchange will be broadcasting live from the new. Leader bank. District branch leader bank just opened a bank branch in in the Vertex building and the seaport and we're going to be doing a remote broadcast. A week from Friday that's June 26 stop on by their prizes that special talents that you can open. If you live you wanna do business with leader bank that's a week. From this Friday will be at the Boston syrup seaport at the Vertex building and there's a new leader bank branch at that location. Up next we are going to be joined by RJ hobby. Try exotic is gonna talk to RJ about Starbucks. Panera and chipotle boy I'm getting hungry just looked at him at that jock. Those are pre three those are three stocks that are rated in your sweet I'll mortar and all three for lunch today ready to go there topic. That's where stock stock is up next on the financial exchange. It's dark dark. Hope you're portfolio. Of financial exchange we've Gerry 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 use because they've heard that a reputable trusts 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 trusts this guy details thirtieth the most common misconceptions about estate planning. Did your free guy that 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 the big decisions do you know how to change your investments from a growth portfolio to one missionary thing come do you know when he 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 Morris and leaving elect Steve are your spouse injure children there's so much consider before you stop working and we've put together a 26 page you re aiming guide they can help 8668106. Or two to you worked your whole life saving towards retirement doesn't make ends to get professional advice to make it last. 86881. Hero. Or two to. Securities opera through securities America ink member finreg as a PC 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 that buys a wee seek it by a professional familiar with the laws in your state. Are you thinking about transferring your home your children included active 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 read it checked your former on her daughter and not just to buy back their own home. Not only does transferring put your comment rent it can also create a huge capital gains tax money ballot. Right now the federal capital gains tax can be as high as 23 point 8% and that's an addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. Keep it away from your children's creditors avoid probate and not cause unnecessary estate taxes. Top out in the lot from at Cushing and Elena put together preen your guide to the risks and rewards of real estate ownership. This great diversity of the best read on your real estate call now for your copy Eddy they they eat foray. 5699. That the 8668485699. Investors searching for relatively low risk investment that can easily be converted into cash often turn to certificates of deposit CD leader bank is currently offering an eighteen month CD with an 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 -- bank to learn more about the eighteen month CD with a one and a quarter percent -- call 8776917. 900 today or visit one of leader banks conveniently located branches in Arlington Belmont Cambridge or Burlington earned more interest on your money today by a leader bank branch or call 8776917900. To learn more -- bank a step ahead minimum deposit to open and current annual percentage yield is 1000 dollars Massachusetts residents only penalty early withdrawal including -- penalty which may reduce earnings -- subject to change without -- member at the rate effective November 4 2004 team. Only this there at 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. We are back in his time for stock talks that are against RJ ought to be from Morningstar. Starbucks panera chipotle you like all these stocks RJ. Yeah idea it's been and it's time in the restaurant space and we we have seen a number of start. Probably get ahead of himself in terms valuation specialist to look at some point shake shack now trading about spot and at times earnings. But he's just three names that big a pretty solid and the reasons why I like all these men. And want is that the play well on the kind of this ideas increase millennial spending they've they've they've been concept exactly what that demographic looking for. They're all pretty well levered technologies that were single technologies whether people ordering. Mobile payments. And really seemed defined that that that recipe that that consumers want today's environment. Are there when we look at these stocks all the moves really traditionally been almost first movers in their respective industries Starbucks with. Really the high end coffee shop panera with few years retire and sandwich shop to pull away kind of pioneered that industrial style model for. Fast casual how much competition and they starting to face now at this point. Yet that that is one thing we're certain cities right now to get a Arafat has a concept. Any time that we've seen in your branch a lot of mock sausage polenta Nat. You know a lot of moving and a lot of other perceived as you know number chain. Instructor to ramp up. If that's that it says it wants and that open application but it and that belt that cops. The scale ethnic Serbs some of those change struggled yet the companies will face an increased competition. I think. Think you know at the first members here. That they've built assault brand different pricing power. You know and and it really yet established themselves as as the white the respective brands that are in. Each respective categories. I think there's enough size demand out there and right now there is a lot of we've done service and there's a lot of pent up demand. I think these players all the acting chair and the companies like this and given investor demand on the mobile side are really oppositional bribes. Do any of these companies have any other brands in development and any other types of our restaurants out there whether we're talking. You know pizza Italian anything along those lines that investors should pay attention to. Yet that's that's a great question actually very timely units are much today it is announced that they're actually going to be closing the bakery cafe concept they have called Bobble launched. Which is Millie was you know also looked at the grammys for the food program but at one point three locations on the West Coast of the closing down. However I think that the keep on top of the that they don't work and that probably let them more growth potential longer term to think about it you know what Starbucks coffee at. And they can replicate it he. Bubbling in North America but I think that's actually particularly addressing some global feel they can become kind of the Starbucks for the industry. You know on a global business and that's such thing. Basilica also such people I think would suggest that they have to. Secondary brands that may not be as small mound one's called Chiapas Asian kitchen. Very much a which sport model delicate approach into consult them. And what are topic you want all that out create a bowl I think. Think back to the period significant longer term they also upkeep the talks about Somalia after four locations at this point as well. I think that's cattle he is indeed one of the next big battleground in the restaurant space and dimension Paula is that tracked Eric. Britain you know establishing Brandon. Getting tax cuts restricted to via a lot of it that there yet to be very opposition back category as well. How much of a concern is saturation inside the US for it for some of these companies in Starbucks in particular you look back in the mid two thousands. And it was you go to a street corner and there's one on every corner. All of that particular intersection so how how much saturation is there in the US and then also what are some of the fastest growing places. Outside the US for these companies. Yeah I have a dream and I I think depicted overextend themselves. Which led to the closing you know partly 300 foreign locations. About five years ago. Up or spot right now it's more you know. They bear front and successor. And secondary tertiary markets but I think it's spread out more productivity initiatives are getting more people in line so the Pope mobile order page plot from the cup. Throwing out that's allow them to get more people through ultimately order animals on mute and an order more upside. And so you'll get and Islip for Matt. But looking beyond the US publication that they have I think Asia China particulars tremendous opportunity for the for company. Probably something in the the maybe even you know 678000. You know. You know range of that stuff in the tremendous opportunity for them law that's probably a large one but you also look at reasons like Brazil India and in Europe by the certain occasions there even though that's. Those other established players in the region but there's a lot of opportunities for them but that's China Brazil and India problems opportunities for Starbucks there. All right we'll RJ appreciate the info on all these in thanks again for coming out with those. RJ economy Morningstar he likes them all panera being out of those three chuck which one do you like the best. To eater as a stock to eat. Who I would probably go to Poland meets him now he's sorry we go to Poland now made all three of us there yeah I had a decent set that they charge two dollars extra for optimal need to know how. I am so upset by that shuttered the have you ever thought of do little BYOG bring your own block and I didn't. I've been caught planning it needs and I've seen it done I seen it done now so yeah it's the fastest growing segment thing. You guys know much about the Panama Canal. I know that it is in the process of being briefed dredged to incorporate induced stupor Panamax ships right now actually I was the Panama Canal got back and back in the day you know as the start of the Panama Canal to Roosevelt known as French. What Teddy Roosevelt was a committed US money to. Yet that is the French started. And equip. Because lose the good a quarter of the way through it right in the make quick early on. And they are having a heck of a time he workers were dying and they just had a heck of a problem. With the Panama Canal. And it is related to our next story which is Venezuela. Is about to get a five billion dollar loan from China. To develop there oil properties. And it makes sense when you consider the fact that China. You do know this one that China is building another can that will run through Nicaragua. Yeah and what China is it's it's not China is of an of itself actually it's actually aren't wealthy Chinese businessmen is is really recruited capital. To put together a fifty billion dollar canal through nickel lock Nicaragua. That is over three times as deep as the Panama Canal out wider than the Panama Canal and actually a lot of folks saying that it may be a little bit of a waste to be honest because it's built for ships that don't even exist yet and may never exist because. You may never have ships that big well. But until the story breaks in Venezuela could remember Venezuela does not have access to western port right Venezuela is on the east side. Of South America so the only way for them to sell their oil to the Chinese is to go. Through a canal. Right if they wanna avoid the Panama Canal they had to build their own so this Chinese company. Is building the end it this is started they started this canal either in thirteen or fourteen talking about the Nicaragua and be done in 2019 is with the projections are and I wouldn't be surprised if this oil reserve. Wasn't developed into playing ninety edit to just got to go hand in hand. I just took it the canal being dug through nick or Nicaragua and it's it's built to handle ships that do not exist now it's you know it was 2015. Well again that the trend is not necessarily towards larger ships at this point towards more efficient and and so that's why I wonder look you're building. And there's one thought that actually with the the depth that the Nicaragua canals dredged to which stretched to a depth of about twenty meters and there's one thought that it'll eventually allowed Chinese submarines a back and forth route through. Through America without being detected all round so that's that's the thought and I think that definitely has a possibility out there when you talk about what it could be used. But Venezuelan needing help developing their oil reserves not turning to the United Kingdom not turning to the United States going to China. Yeah I'll definitely not not too surprising given the relations between those countries historically. Thanks for tuning in to this hour of the financial exchange my. Co host today is trucks a lot of the show's been produced by Tucker sold out. We can find all our details and information on our FaceBook page which is deep financial exchange on base. 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 that sixteen point six million people had their identity stolen in 2012 count myself among those victims my name is very Armstrong and I want you to learn how to protect your identity and prevent credit card fraud -- 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 now 8668106422. Securities operative securities America incorporated member of an anti PC an advisory services up with the securities America by using arms on advisory group in the 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 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 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 visit leader banks 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 care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living 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 she 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 so here's struck. In the final liable senior living information call plays for mom this is a free service and you can trust them to help you. If you're 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 force vice president of leader bank mr. GA truly. And we're here to talk about gold coins and silver coins and really everything that goes into. Precious metals what kind of gold coins are available through leader bank thanks very resell two different types to sell American Eagle. And programs registered two different types of go. Coins that probably the more popular ones. And we also sell a fair idea of denominations so we shall coins we fell in ounces and you're still gold bars. If you go further we sell in silver coins as well so I'm where we found this to be attractive to customers of those types of folks coming in. Neither one abide as a gift sure. Or sometimes or investors who come in and they wanna by the real gold said his alternative to buying you gold beads yes or right and have. 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 evolved. They like that better then. Paper which they really don't know what's behind the paper absolutely and we sell them and all of her different branches they can be. Pot you know at the branch in Belmont Burlington Arlington Cambridge Boston and right each. Acker brings absolutely 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 points 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 877. 6917900. Is their phone number. The website address is leader bank dot com. But give them a call and learn more about their precious metals program 8776917900. That's leader bank. 8776917900. If you're thinking about retirement in the next few years it's time to make some big decisions do you know how to change your investments from a growth portfolio to one which generates income do you know when he optimal time to collect your Social Security is did you know that if you lopped from monthly pension net 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 it make sense to get professional advice to make it last 8668106. Ford to kill. Securities offered through securities America ink member finreg as a PC an advisory services offered through securities America advisors and Barry Armstrong represented at arms and advisory group in the securities America companies are unaffiliated. At boon here with a word about banks' safety you think your money in the bank is safe. Dole Food bank on that a generation ago bank account felt secure and they paid interest. This encourage the virtue of thrift savings but the day. Bank accounts paid virtually nothing. And it shifted from lower 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 holy eucharist. 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 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 HP mobile is now available for free and iTunes it's 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 while 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 permit cushioning Dolan has put together a brainy guy 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 up your kids' inheritance call a year free procrastinate is guide right now at 866. 84856998668485699. This is the financial exchange with the very Armstrong. You're sweet stay on top of breaking business news and balloon how to manage your money to help you towards a more secure future he'd still find mention exchange with the euros. Barry Armstrong. You know the Dow is up. 39 points as we speak but that could change on a dime because it is dead Wednesday where I mean by that. Means Janet Yellen this afternoon I think around 230 back co host today trucks out she's she's gonna come on talk current 230 right. Yeah I would kinda wish that she didn't but she's gonna come out at 230 and I talk about what was going on with the Fed meetings over the last couple days. The expectation is for no rate move in this cycle. But potentially clearing a path for September and December. Rate increases in both of those meat I almost wish she would come out and just kind of surprise everybody and do quarter point today you know. He could while we all know why we don't know what's common rank and and why not lately pretty why not I can give you plenty of reasons why not give me your top three. Complete panic based on the Fed not getting proper guidance before that's probably the top of the list right. You know I mean you remember what happened that about back when the Swiss decide to decouple from the you're not decouple but. Move away from pegging to the your own. Back in those in January or February you know look if you told people we were gonna do what you can plan for opens that he saw this huge swing all of one day. You need that today there we need an hour can relax a little bit on it. I just think the way the acting in retrospect. When we look out and when we look in. The rearview mirrors in the year 20/20. Currency while we wait so long what was the big the year about having an overnight lending rate of 1% to 2% in 1930s. Notice 1937 they but wasn't that more about taxes back in 37 they raise taxes and it was both. And keep money get technically you've got taxes going up with the net not so much for your taxes but he got increased regulation right now so. I think guy I would I would err on the side of cost it's always easier especially you look at what's in the Fed's balance sheet right now. You start in the first sign in please you get four trillion dollars in bonds you can throw right back into the market if you need to. Ten year treasury trading at 236 and there are green to the treasury market is agreeing with Utah then they would not conceding boost today. Markets are up across the board oil. And getting a little pricey at 61 dollars a barrel them on the somewhat surprised that inventories were down again today. Where they down inventories down another two point seven million barrels that'll do it right now. Know that that's leading the fact it inventories are down. Is leading to about a 2% increase in the price of oil seven weeks in a row also that inventories are down now now a lot of production started coming off line probably what in January maybe even as early as December. Yeah you started to see it then you're still continuing to now and I think again you super majors they're gonna have all kinds of buying opportunities for some of these small producers are in the next few months. Big IPO coming up I think it's Thursday remake of this fit it PO initial public offering for those of you are novice investors. You may not know what initial public offering is that you probably know that he still have your fitness it's sitting on my bureau at home. And it does not work I I've I will not buy shares in this company. Because I was not impressed with their technology. It and I'm an unhappy customer. Well my biggest concern with them is they don't have anything that's truly proprietary there are a hundred different odometer touted as the night. A bunch of different apps that you have on your phone that can track is whether it's not a free app I couldn't agree with the guys more. I look at this and this is this is a company with a small mote that is pricing in a very rich valuation. Idle while the president Barack Obama has won. That and I'm gets her cup of coffee. Under Stalin as one did it he here's the other thing that I I worry about this company. You're talking. In another show about Netflix they have recurring revenue right but nobody ever cancels their Netflix account yet. Fit it I don't know what their recurring revenue model would be used by the device but there's no lead is note two dormant charge. Thereafter there's no ongoing service there's no need to upgrade bush. And then think about if someone did if they did come out and say okay we're gonna make you pay a dollar two dollars and mountain. Well you'd say okay I'm selling this I'm going over getting the apple watch which is for which is free on a nightly basis so it's not the type of product that lends itself. To really having a wide moat because it's so easily come monetized in the cuts that. I just don't think it's something you want to really have for the long run. You know look is their chance that the stock pops on the IPO mean historically tend to see that with tech companies to everyone gets all excited but you look at them as a tech company that that. Absolutely yeah yeah I mean yeah it's kind of that athletic Texas Tech and health fair on and and look there's a ton of money going in there right now there's no doubt. But what separates tidbit from a company like Nike apple that are doing the exact same thing I can't tell you and it I don't see anything in here. That suggests that they have any type. Special edge over all those other companies. Eric. Do you guys is personal question. But the guys lost your teeth. Tucker the truth I heard your mom is not listening life. I forced the tops but the bottoms are harder to get through so I just kind of I've got a solution for hopping and Erica. When you chuck EU and us are not as much as I should I do maybe 23 times a week old. I'm mouthwash twice today that doesn't help Yahoo! lost days tell everybody the if if you don't floss your teeth here are dire. Dire. Health consequences to not flossing your teeth I'll tell the I'm gonna help you guys out after truck explains the staff. Step pretty much died when you look at not flossing its one of the leading causes of gum disease actually which has then been associated. With ailments and other areas of the body as well such as heart disease HPV mouth cancer diabetes and kidney failure so I'll made a whole lot of trouble. He you know he you do need to Fleischer tee again if you ask your dentist. They'll tell you it's a big deal yet because that you get that gum disease one of things I was flossing I would floss every night before I went to bed. If that wasn't enough. It's a because I still getting receding gums and gum disease bleeding from the guns. You can go to CBS and you can buy these little ethics. I don't know I have one in my pocket with a lower the cost these things that you Alitalia is the other news and got it. It's you buy it CDS I don't know about ten cents each right. And you buy them in bulk and day you can pick your teeth as opposed to flossing. My dentist when you said by a gums stop receiving and those a lot cleaner. And you can do it multiple times per day but a lot of the disease that we suffer from me in which if you go through that list right. Heart disease HPV infection mouth cancers diabetes and kidney failure are all diseases that you can get. Because you don't floss we'll track. You're young lad don't don't catch these things use one of these pics or floss your teeth. And prevent that from happening but these picks are were lifesaver for me. I they're there that that is an unpaid. Product endorsement. I'm gonna pick some up after the Shura maybe they they work you don't sound convinced. Ivan items kind of observing right now they're not that worried about your health. More about math at a lot of good things are ready apartment. Hey here's another trivia question for you and it's this I apologize again another difficult one but it occurs to me even though. The three of us are more hockey oriented than basketball oriented. The community I think is more a basketball community when you think about New England right Springfield home basketball hall name. I I think this is a lot I don't know what sits next you do and I really meaning Woodward's heavy hockey yeah all right well anyway we have another NB a trivia question simply because. We have the NBA championship last night and of course the Oakland team beat Cleveland. Who was the first player in NBA history to lead the league in rebounds. And assists in the same season. This is the a tough accomplishment. Who was the first player in NBA history. To lead the league in rebounds and assists in the same season if you're the first listener with the correct answer to that question. Simply text us 68680s. Or text number first winner. Get surprised you guys indeed I think I know I'm gonna attempt I think I know Ari most out Saddam need do you think I need to give the year that this occurred is no no no I'll get a now that's fair I think there's there's two people in mind I think I have an idea of which one of them who don't let it slip. Because you know we're gonna come back to that story. We are going to in the next segment talked about cigarettes. And the the types of cancers that there are tied to you have a stat for me couple weeks ago truck. Is it relates to the number of people the percentage of the population smoking. Back in the 1960s vs today would you look that up and in preparation for our next interview I certainly well all right. On the the we're going to be joined by Lisa Rappaport from Reuters. There's a new study that find cigarettes are linked to nearly half of all deaths from the dozen. Common cancers some of them will surprise you that's why we're covering the story. In the trucks and tell you the difference in terms of the percentage of our American population that smokes today. Vs back in the 1960s. That's all coming up on the financial exchange. Including Barry in the financial exchange armed Facebook's. We'll dot com slash financial exchanges and this is the financial exchange who regularly work. If you're 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 in what seems expensive could turn out to be a case of getting what you paid for different share classes have different fees do you know what you're paying these are management fees twelve B one fees reinvestment ease exchange fees custodial fees and administrative fees make sense of the fees by requesting our 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 how 8669579902. Securities operatives securities America incorporated member of an SIPC an advisory services op with the securities America fighters and arms and 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 8668106. Or two to. Today's topic is pretty American member and SIPC and advisory services up with the securities America advisors think Gary Armstrong repeat and it Armstrong advisory group in the securities America companies are not affiliated please consult with your quote a tax expert for any activity concern. Mortgage rates are still at an all time low and make sense to take advantage of these rates -- your refinancing or buying a new home leader bank is a local bank that is one of the largest mortgage lenders in New England with a very competitive rates ask their 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 bench dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. There's a true experts and mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank does come visit leader banks for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader bank. Don't kill hi I am London and you're worried about your character Loveland living alone like I was. And you are reliable senior care information in call a place for mom. The nation's largest senior living referral service you'll get free information on is this living. Alzheimer's care nursing homes even important financial information. Obviously brie search every not given meaning. They Downey plays or what you could afford and it was magnet. Where now. Very confident. And every who. So here's struggling to find reliable your living information call her mom this is a free service and you and ask 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 that we help you need during this turbulent time. Call now 804677530. 804677530. The 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. Entered our last trivia question is will. Chamberlain not only was Wilt Chamberlain great scorer and rebounder he led the league in assists in 1968. Chuck you would guest Oscar Robertson right I guess Oscar Robertson now and and Tucker who you have on me I was gonna guess magic Magic Johnson I don't playoff and I know it was. Wilt Chamberlain. And well and Wendy from under and take Yuma travel mode for that so good congratulations Wendy it for her. Let's take a look at smoking statistics. I was fine statistics fascinating you go back to the 1960s. And if yes or watch the television show called mad men Korea. That's S pretty accurate depiction. Of life in the 1960s and I can attest to that because I was around I was a child in the 1960s. But both of my parents smoked. And smoking was con what percentage. Of the American population. Smoked cigarettes in the 1960s. It was about 51% of men in about 34% of women while. Today it's about 21% of men and 16% of women and declining. And continuing to decline what we've seen is that just in the last eight years from 22005. To 2013. The current rate of smoking is declined from about 21%. Of adults seventeen point 8% of adults it is at significantly lower levels. In aged eighteen to 24 about eighteen point 7%. I think one of the biggest things that we see is that by education. Those with higher levels of education smoke at significantly lower rates as well. With under undergraduate college degree holders. Only about 9% of them. Actually smoke does it surprise you to learn that about half of cancer patients. Are suffering from cancer because of smoking no every suit every single doctor I've ever talked to pretty much says. That the single most important thing you can do in life to be healthy is not smoke. You know it made here's something that I thought was a new bladder cancer is tied to cigarettes. I'm sure there's some type at this on this something obviously there that that makes sense. I don't know what it is obviously I'm not I'm not the doctor you know but when you look at I mean why would you think the about things like heart disease smoking's one of the leading contributors to heart disease as well right and it's you and I don't understand the mechanisms I'd be lying if I said I did but when you look at the statistics it's painfully clear when you read through any of these studies. That smoking tax your body not just your longs for pretty much any part of your body. It's just not good for. You know what I found out though was as I was reading through this study. Cigarette use is way down. Yeah but we're replacing with alternative tobacco products such as cigars and cigars are also that we I've I have. I still smokes cigars but I've cut back. On my consumption of cigars because of what I've read yes recently cigars or are. Yeah it is you don't inhale cigar to break. Earned in three think LK it's probably that was my logic right now I'm not inhaling its OK I don't know that that's not good in terms of like oral cancers and things like that correct oral cancers but I did she do inhale it a little that yup even if you don't think you are. So I've cut back on my use of cigars but. I'd I would never understand one of because those have chemicals in the that we just don't even know what they do for people long term at this point now I don't know how you decide that you're gunsmoke especially. A lot of people now that you look at people in high school and college who you know they smoke. You do now you know it I I've. Find the most the best way to to quit smoking is to never start in because these kids chances of quitting. Are pretty slim or you try to just quit cold Turkey I think you're in you're lucky if you're taking medication. You might get up to 45%. Yeah I think they're finally they've had a couple medications that have come out in the last couple years that have increased that rate up under I think right about that 50% range now put it it's still something that is very difficult to stop and now I think we all know someone whether it's a friend or family member who you've heard the armed and equipped I'm gonna quit and it just it's it's very very difficult. Yeah I mean I've had two to my friends and no off the top man had their 27 years old and they had spoken for years and they're just have the hardest time quitting aren't counted and Charlie cigarette thing now there's some medication he can take. Two to quit yet there's a couple different medications that are out there now on. I've I have actually don't have any experience with that but I know that foam from folks who have tried them. I know they've had some greater success with them you know what I yeah my wife and I used to smoke and this is back in our twenties. And the reason I stopped smoking is I started playing hockey and after years away from the game. And if you smoke in the and you go out and tried yeah you do it could be any sport rate to be basketball they'll. And but I it's probably. 28. And I put the skates back on after a long hiatus. And I went back in your died found yourself to step between the blue lines. I didn't think it was it was physically painful sore after that experience that's an okay I'll try to go for a and it it you became very clear to me that I needed to quit smoking I was and even heavy smoker. I was a casual smoker. And just quitting. Made a big difference in my long capacities that's lack on Wii U for surprised by this study was published a big in CNN CNN money. Most Americans are clueless about Social Security. You know 70%. Of Americans polled. But that it could collect full Social Security benefits at age 65 and that in fact is for it is incorrect. Yeah I was I wasn't particularly surprised as to when you talk about retirement most people's eyes tend to glaze over and they stop paying attention to you pretty quickly yelled. And I and I actually went out I actually took this test as well just as they publish the questions that they asked for I only got nine out of ten actually I got one wrong believe or not it's a shame it's it was it will move on from there yet. But yet when you look at the statistics here against 70% thought that they could take benefits at age 65. More than half wrongly thought they can receive their full benefit while continuing to work. No surprise that people don't know I mean it's thousands of dollars if you're making a 100000 bucks a year right. Your pain and make 70000 dollars a year and Social Security. The average person all they see is that bottom line number on their take home pay that looking at where did this go where did that go you know bomb and and I think I almost think that those people little bit of a disservice just because they say OK and taking home. 800 bucks a weakened it when they don't actually see that sixty or seventy dollars a week that's going out. In two Social Security you know they they only see that bottom line number. Yahoo! and I guess if you're in your twenties your thirties you really don't care criteria probably taken. It is not because there's nothing you can do to avoid the tax rate is not it's not something we can say well. I'm not gonna participate I refused to have the unique it's coming at your pay when you wanted to or not got. I'm mostly look at it is into the rules are gonna be different when when I'm finally able to collect my one dollar a year whatever. Down the road so you know I I don't pay too much attention for myself for the rules now. Where your parents and my generation. And and and I hate to say this but people older than myself have screwed up. This country so badly. That is it's it's really going to create a tremendous strain. On your generation. And for that I. Thanks made a nice that I pray I get the public apology I I I thank you earlier in the show for introducing me to Netflix and now I'm apologizing. For the actions of my generation and anybody older than the age of 55. You to share in the responsibility because we have left. Our our our children and our grandchildren with one heck of a problem and and and I bring that up because we are gonna be talking later. In the show about the birth rate. In the United States it is hitting eight turning point where to be joined by professor from UNH his name is Neil shock. He's actually with the Wall Street Journal. Oh we have to deal OK we don't have we of the reporters and from the current crash but the stats come from. I UNH a lot of them regarding. Birth rates in the United States. I am going to continue. My inspiration to use younger generations to step up your pace of childbirth as we need more people paying in to that securities cut your benefits I know you cut your benefits that's what I'm afraid out. But that is exactly what I'm afraid of unity I at all my benefits cut five years after I retire. Coming up we're gonna talk about the the the ad the guys who escaped from New York. Tucker so this gonna give us an update on the fugitives from that New York prison. 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 whether you're refinancing or buying a new Roman leader bank is a local bank that is one of the largest mortgage lenders in New England with -- very competitive rates as 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 -- 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 bank for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader bank. Dot com this is very Armstrong and I'm joined today by estate planning attorney Todd let's be 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. Relating to Medicaid your vocal trust in tell you a lot of our listeners are apprehensive Todd. 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's 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 on in buying it and folks that's what's your 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 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 then 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 the trust to protect it and get the 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 at the top misconceptions. About Medicaid irrevocable trusts 8668485699. Its toll free phone number called now and get your guide 8668485699. That's 866848569. Est in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk about the law firm Cushing handle it in creating eight planes are folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion. When it comes down to a state planning do you need a revolt global truck do you need an irrevocable trust in what's the difference you know needs an expert advice and they put it together free guide to help you decide the best plan review is free guide the differences between revoke global. And irrevocable trust is yours for the asking 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. 569. Hi this is Barry Armstrong from financial exchange recently I'd 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'd buy 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 center Arlington Heights in Belmont Burlington and Central Square Cambridge say locally and buy your gold coins locally it just makes cents 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 at the -- not insured by the federal government agency not guaranteed by the bank may go down and out. You more than send some of the world of finance we're helping you know make some dollars is well it's the financial exchange with Valerie Armstrong on the financial exchange radio network. You know we did that segment on smoking and health hazards associated with a 978 writes in. My dad was a change so smoker and got bladder cancer surgery at fault when he while those deaths the cancer. Another 978 saying all of the Boston hospitals. And mass hospitals have Reese of station programs I didn't know that. Did you get no I didn't. And I you know. All right it is time for our prisoner. Escape the update once today we'd bring you the latest news and updates. On the two escaped convicts from. The new York state prison and Tucker Silva with the latest yes of the latest is they're really is no latest. Authorities have received no solid intelligence for four days in the search. For Richard met David swept. Who of course escape from the Clinton correctional facility on June 6 and as a response. Authorities have released. Computer generated images of what they may look like right now banana. Tree you guys this you consumables growth. The doubles reform now right. If they don't look that much difference though so aura in the what was the date June 6 June sexism amazed so we are now day eleven. On an error on their skate right. Yeah unbelievable. Do you think they forget cot tracks. On US we think they never get quest on do you think they get cup no. I think they will like three years so. One of them is is gonna screw up somehow an enemy. The authorities are going to be tipped off but he probably would have split up by now with me. I don't know they could be too dizzy if they're grown as a teammate that makes them eat more easily satisfy this true. You know I don't I don't think they ever get caught. Do you think there's like I master plan behind this is ill and they woman was throw often know. I think that something was involved there do I think they have a plan now know. Yeah I don't think he would cut. And then look automation. They had some sort of destination in mind and somebody game cash by the way. Somebody had to have him cash break is if they robbed somebody they were reported to authorities right there right now aren't they. Here's a you don't argue yet trivia question first. Which team was the only team to beat the Boston Celtics act the Boston Garden. During the 19851986. Season and how great home records of all time forty and one the they had a wagon. Well back in the nineties all hooked they they were the AEA were pretty darn good not I was in new Yorker at the times I didn't have any appreciation for the Boston Celtics. But anyway our text number is 68680. Wii play trivia every day here on the financial exchange if you're the first. Person with the correct answer to that question you will win a prize or text number is 68680. Which team. Was the only team to beat the Boston Celtics act the Boston Garden. During the 19851986. Season. Again our text number is 68680. Chuck. Sugary drinks largely associated with the high level of obesity. In the United States Mexico. Of all countries Mexico taking action to curtail the consumption. Of sugary drinks first of all is it working well. What we found is that pretty much. In the a year and a half since this tax has been put in place this was about a 10% tax. On sugary drinks and it led to an on average about 6% decline in demand for these drinks over that time he talked about like a Coke coal. Coca-Cola as well as a couple different Mexican drinks what it's called how -- dose one is suit drawl and of course topical now did Mexico do this from the standpoint they just needed the money or did they do it because of the health related issues they were doing it it would that the claim is that they were doing it from a health related issue in reality it's probably a little bit of folks okay. But when you look at this. Clearly they they have showed that that additional tax there is driving down demand out not driving it down is as with as much tax revenues they're bringing in so they're actually bringing in. Quite a bit of additional tax revenue from this but I think when you look at this one of the things that alarmed Mexico was that they of one of the highest per capita. Rates bot intake of these sugary drinks on an annual basis. 43 gallons per person. While pretty 43 gallons per person of so. And that's between 19892006. That it increased 60%. Okay. Now personally I don't drink any soda it's probably the one thing that actually can I don't hear it's the one thing that keeps me from being huge because as you know why you wait too much. But I don't drink and. Don't print soda. Do you think that. The issue because it worked with tobacco here right we started well I didn't know how much is a pack of cigarettes that is in Massachusetts think it's approaching wildfires governor hypoxia meant. So and that's all tax rightness of it of that eight dollars and your paying for a pack of cigarettes it's probably what. Seven dollars and I don't know when he. Big chunk of it is tax yeah do you think it works like if if soda cost two dollars at Cannes instead of a dollar can I know it costs than let's say let's. Because I too. Gave up so. But if if it cost more would that curtail consumption in the United States yes. I think that this pretty clearly shows that and I think what we've seen is with these types of taxes historically has New York City Mayor Bloomberg he didn't tax and he just outlaw he tried to ban and that I did it he vetoed it and that it lies big gulp big ones I was above I think either nineteen or twenty ounces he. I think the way the duties they look where we're gonna taxes and and that's the way that you typically are able. To resolve an hour and a perfect world he'd like to see that go to actual health related programs in reality we know that not going to happen so that does raise some question marks I think you need to be careful there right but. We we know that look these these types of drinks they cause obesity there are a prime cause of it and when you look at the cost that we pay. As taxpayers already through. Health insurance Medicare all those types of things. Look the cost is coming got somewhere the key is you wanna actually avoid health problems and pay the cost or do you want to end up with the health problems paying the cost. I'd rather avoid it. It's not that. One man's thought hey I wanna talk about mutual fund fees and expenses and chuck kind of go back in history a little bit but there is the day. We were visiting with the woman who'd come to us for financial advice. And she was paying these on her investment accounts. Of about four and a half percent I don't know if your depth that gives couple years ago and had dynamos like 4500000. Dollars that she wanted advice and investment advice. And so truck and I met with this woman and we looked hitter counts and pretty quickly truck was able to determine that this woman was pain. Four and say four point 5% per year to have her. 450000. Dollars managed. And the the reason I bring this story up is not too. Embarrass her or make anybody feel bad but because she didn't know which used paying in fees and expenses associated with her investment portfolio. Why don't I bring this up well we're giving away guide that helps you understand mutual funds. Fees and expenses to guide its complementary. It's a guide that is. Just a year towards helping you better understand what you in fact are paying for fees and expenses for your investment portfolio. If he'd like to receive the guide all you have to do is call poll free. 8669579902. That's 8669579902. The guide is free right you'll learn and you'll you'll be able to look at your investment portfolio and hopefully better understand in terms of what you're paying actually met. With a Boston cop. They didn't know what he was paying for fees and expenses and he's a pretty bright guys detective did note he's paying fees and expenses he really appreciated the guide you will too. It's free. The guide is free and so's the phone call 8669579902. Coming up next we're gonna talk about the United States birth rate hitting eight turning point Neil shot from the Wall Street Journal. Is gonna provide you with evidence that the birth rate in the United States is starting to increase units of just a little bit. That's next on the financial expect. Get the market update end. On the financial exchange enough financial exchange radio network. If you Google passive protection claiming they get more than fifteen million results are we supposed to make sense of all that information but you 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 trust this guy details thirtieth the most common misconceptions about using a replica will try 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 jail and 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 -- nearly thirty years 8668485699. 86684856998668485699. 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 is 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. Is a limited time offer so call now 86684856998668485699. Est in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk to you about the law firm at Cushing handle it in creating the plans are folks in New England. For more than thirty years and they can help you to with all the different types of trusts available I can understand the confusion when it comes down to escape plan do you need to revolt Coble trust 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 decide the best plan we view this pre guide the differences between revoke global and irrevocable -- is yours for the asking 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 8569. 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 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 -- dot com leader bank Clinton over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts and mortgage financing deal with the 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 visit leader bank dot com. Making your Smartphone even smarter. Download our mobile lab by surging financial extreme show in iTunes or the Google play store. This is the financially James. Radio network. Portland Trail Blazers was the correct answer to our last review a therapy have a winner yet here I don't have a winner here that we have won but I have it. Haitian community yet achieved human for me to share with you. Hey the good news uses. The US birth rate has hit a turning point meaning that. You know you wall you you're younger generation your peer group evenly UT as I'm old now you're let me down I must confess your let me down but that's our debt. Your peers are starting to have children but not at a rate. That is gonna help us quite enough so as to where we need to be we're joined now by Neil show off from the Wall Street Journal hired O'Neill. Oh so talk to us about the stats you've been studying this new fight you've got some stats as a relates to birth rates in the United States what can you tell us. Well for several years now. During the recession and then it and its aftermath. Our artillery could be going down hitting record lows every year. And been a blooper in the country just had to go down basically for the first time in 2000 separate. The numbers are in the country last year and a they can go up a huge metal right. To it went up its interest in and of itself. And but demographers although it's but that cult the journal fertility rate which the number of birds chirp out equipment. Budget can that account for changes in population. That would not for the first time. In street. So it basically showed for the turned. Good good what are we need to have as a birth rate in United States in order to just maintain our current population. Well we're still below that another O'Leary had people crack is called the total Jody reed. And basically that it amounts to. How many women do we really chilled and do you expect. The average wouldn't have or or Kurt liked that we cannot choose just a little bit. To about one point 86 children. Get into debt figures finally going up again but the thing is that still below two point one. Children read that we need to keep. The US population people are true or not. Counting for immigration. And so we're we're so well below that and one thing that reporting out. Idea where we'll load the color replacement rates. And we turn to keep the popular cable we are doing better than today Europe and Japan which are significantly. Below in this. The the depression it was when we had a Great Depression in the 1930s. Fertility rates also declined during that period of time it's not. We. I'm you know every time we are recession fertility drops a little bit typically after a couple of years com. They come back and some of the women in their twenty but they beat especially the lesser educated to be. Lower income women that could opt I think it's cute it was too much of credential burden. They had their number two record number eight street get up in a couple of years trying to make up where they catch them and how bad it later but typically what happens. After a recession. In in the Great Depression. It was really just ended up not happy because it's an entire generation image at smaller family here. It took a big worry has been for the last couple years cheap we're not we're not an uptick in birds here is it be Great Recession. Just like the Great Depression. I today's data just. Maybe it maybe we will after this cold long Kerry get a little bit upturn in a little bit more than making up lost. Now Neil I'm twenty years older than you in your ten years older than the two guys that are sitting in the studio with so. I I'm going to ask you. To get moving and explain. To our audience why it is important for your generation. To have more children I'm I'm I'm a beneficiary of your generation having more children please explain. You know some people might think hey what. Big deal I'm white on tablet people that less smell defeat in both the food and water we got to make note that. It's a logical thing to think generally speaking congress and I think people having more people are more workers is good for the economy and they worry about our EG he ignited again that much Japan and Europe could. If you're worried that they. A packet agent society. I'm on the US economy Unita. Any worker in the UK population growth package aid workers in the future cute too. Apple. Writing economy right I just set the sort of labor and another big worry is you need it could grab workers. People working you don't have a acts as a big attacks based then you've got. A smaller courts the funds to drop them to finance all of each social benefits complete congress are elderly increasingly elderly population. Good note that you are treated at third. In just gotten our our US economy is Glen in tripped and by. Consumer spending all right we smaller population at the time that he'd let the man or. Diapers created houses cars that. One of the good stats came out of your study used teen pregnancies weighed down right to record low. Yeah it is a record low it's been hitting record lows arming every year that I have been packing it in recent years yeah I didn't get one. The biggest demographic. Success stories we really recent decades and in the late eighties and in the early nineties it's. Ike in teen pregnancy. Really got a pretty worried basically since 1981. Teen pregnant rate has dropped 60%. It's been issued success. A huge public health success. Under this decree to try and get through every Europe Trout a lot could he be at this rate. He the birth create a winning each. Linking it went in cortina nineteen entrap 9% just in a single year last year to to a record low. Now Neal like I appreciate your time in your research now want you to get busy and make some babies. Are. Near a shop Wall Street Journal. That's first time Ian they were told that earned him houses I mean her that was mom right. Right right they would you know what it's you you're doing the patriotic thing to. I just want you to think about that this weekend by making babies helping US not patriotic that Katie it's a patriotic. Act your candy and it just you know just get busy it he would get busy make babies and I'm not I'm not we're all very. And I'm not marriage hearing curtain came out of wedlock that's now that's okay I'll I'll let off the hook you have a job you know. If if I'm gonna start driving for Amazon now that's wrecked it BP might be better but Giuliani's second job for this kid now. They talk about this company. Eight biomed if you're looking for work I. Is expanding and I think they're hiring about a hundred guys in a hundred workers excuse me ladies I didn't mean to be offensive. They're they're looking for help. Yeah they're based out of Denver's in the going to be bringing on about a hundred new people at their headquarters there. And the expansion is gonna be happening over the next five to ten years it's gonna cost more than five million dollars which you can also include additional 85000. Square feet of space. Companies got about 600 employees right now so you do the madness about a sixteen to 17% increase in their workforce. This is a local company. That is snapping up pretty significantly over the next several years and certainly what what they do they they may know what they make. It's largely a heart pumps and things along those lines and so this type of technology that got a couple different. Types of technologies that pretty much what they do is it's almost the propeller that really can it keeps the blood flown the way it needs to through the heart. And again at a local company based data dampers. That is going to be adding another hundred people over the next couple years here. And Aaron you've looked at their stock price that right now it's trading at about 65 dollars a share in the symbol forward as a B&B. It's 65 dollars today it's been as high 76 but within the last year truck the stock is traded at 21 dollars a share. Yet a 181%. In the last twelve months and you go back you know five years in this stock that was trading for about eleven dollars a share back in mid 2010 now at 66 dollars and so allow on final chance to give us your guess as to what Janet Yellen says today. Nothing today believes the ground work for I would say almost. Pretty clear path. Two to a rate hike. September December September your thing in September September. There you go you you heard for air from trucks is not a my name is very Armstrong animal connected ballots up eighteen points as we speak. Ten year treasuries at 237. Wanna thank you all for tuning in to the financial exchange. Stop buyer FaceBook page we are the financial exchange on FaceBook. 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