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Full Show 6-17-15

Jun 17, 2015|

Full Show 6-17-15 by The Financial Exchange

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

I. 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. It's 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 law. Yeah you may see a lot was 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 so. It's now what Amazon is doing is they are they've announced that they're going to 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 be Hoover driver's track to beat Amazon drivers and that the goal behind this. Is to enable quicker deliveries seemed a delivery potentially. One or two hour delivery and number of major metro areas. And naturally the holy Grail they've been chasing that played around that he is like drones and so when. Doing that in New York beat they're 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 yet and raves about it. If you're sending it to literally years. In your hands in 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 of 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'd it's great as a first step long term I don't think it's sustainable as a growing business just gotta think the margins will be there on it. Well let's talk about it did 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 in to a Carolina house so let's pretend 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 app 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 it in your goal and any. You know your leave and on Friday at 3 o'clock it's not affecting your plans not affecting your plans but you're gonna get paid. Now the big question is how much tree going to be paid can we don't know that. That hasn't been disclosed to him he'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. It you your recipient of this quite regularly see stuff being dropped off. How many deliveries are you getting per month. Did you play in the office 68 and he wrapped the start I think Tucker we should charge. Two. Charles eighties some kind of a fee for all the deliveries or receiving here in the studio on his behalf doubtful packages something. If you weren't even icing your arm down a while signing for the if that's how we thank it's its arms and at times to punish it cost them eight dollars to to deliver that package that's what the UPS cost that is but that's because they have economies of scale right 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 would say that someone has to make. Notes what's called just an hour drive from Austin profits let's say that they're doing that. 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 and. 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 everyday and he drives in the same location every day. And it sure in the morning and then you're doing the same thing on the way home. So for the guy that's a regular commuter they're gonna say okay. 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 that package up and you're gonna put it in your car. And then when you get to working unit put it on somebody's doorstep that's that's the concept behind this Amazon delivery sir. It still doesn't seem scalable to me. It doesn't just because when you when you talk about it again at 51 UPS driver yeah dropping off 250 packages OK you 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 we're talking huge scale there and we're talking and retail. Where margins are paper thin anyway XC you're 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 bridge 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 yeah. Oca. Charitable gifts in the United States totaled an estimated 350. 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 it's is 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 an 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 Joni right now the question. Is where is that money actually coming from in terms of who is doing active yeah 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 feel more comfortable and willing to make those big. Yeah I wonder how much of it is related to stock market to get let's say Europe founder. A company like Amazon. Go pro. Or Netflix but this just use those three companies whose example yup and your stock is sky and it lets Netflix trade center box 6 o'clock tonight 66 the ozone in the sporting rights and it is their stock is gone wild in Europe founding member in your shares you 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 north I'll give a hundred million dollars what did it cost him to give that hundred million dollar gift Buffett because he got the style if 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 maybe I made a ton of money this year in a league guys who made 12 million dollars this look I need to make a 500000 dollar gift to get something that you know I don't wanna deal with this so. I think buddies and 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 an income basis and an asset bases and I think it's. It's too early to say we're definitely. Ever 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 workers she was okay and how about you truck was your Monday cheat. Get up in the morning and and go to a job. And then come home at night at 6 o'clock in and he didn't opt for several years not all the time but for several years she did ethnic we're gonna be joined in a moment. By a professor from Harvard her name is Kathleen begin. 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 mob 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 exchange you can chime in early feel like our text number is 68680. And 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 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 -- 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 -- mortgage financing deal with a local bank today and call 8776917900. Or email us -- loans at leader bank dot com this is a leader banks for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader bank 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 we -- 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. Securities topic is pretty American member and SIPC and 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 activity concern. This isn't powers and I'm joined today by estate planning attorney Todd lucky. A lot permit could mean Ellen with your legally change quick tip of the day. Today we're talking about last minute cleaning techniques for the procrastinate or they can help seed you're out that if someone goes into a nursing. Todd can anything be done to save the liquid assets of an unmarried individual. Yeah there are some things now remember it's never as good as as advance planning but it's better than losing all the money and that's really the goal. In order an individual who single to get on Medicaid. They have to have less than 2000 dollars and often times they won't they'll have you know few hundred and that they seemed over there like it. Well bucket of money is there the individual what and how to. Purchased one of these Medicaid annuities and please let me just a reminder. That he's into east cannot be purchased prior to someone going into the nursing home case so don't let somebody tell you that they can you Medicaid annuity today. It's a last minute planting technique. And once you buy this annuity lets me take two or 300000 dollars excess assets. And purchase the annuity that goes excess assets are converted to an income stream so you and and have less than 2000 dollars of assets. Because big chunk about that has now picking out an income stream them 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. Lot longer folks if you're single warm married in their feast with a nursing homes day in the air is something that can be done to save your assets last minute that you need some guidance. Collar rockets right now for the brain a guy from Cushing and Alan cleaning for procrastinators. 8668. Or 85699. At 8668. Or 85699. Helping coach drew the financial BS kids VA 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 Vinci did a study recently. Regarding working moms and more importantly that children of working moms professor McGinn thanks for joining us. I'm what is gonna read everybody the first paragraph of this article that was 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 didn't work collected by an international consortium into government to entry and then twelve yeah. And there are a 2012. Data came mount in the all that we've been working on and off. Okay now where is it just a positive impact on daughters or how did it also impact. The the young man. That these mothers gave birth to. Of being raped by a mom was employed at home October. They're I'm. They're at this hour and a very different way. Aetna are kept under in mind that outcome at all because boy it there rate to believe that they should be going to work. I'm regardless of what another. But boy generate adequate arm and significantly more time when their adult cheering their team members. So it expects what. Five do at home and it went doctor. Did the deed was the study conducted just in the United States or was and other countries as well. Now it across twenty core country to other 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 what would you what happened how do you explain that. What it actually means is that. Being race primer on the parade. Change barely think about what normal and appropriate for women in 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. It without looking at gender attitudes. And stronger. When we include gender attitudes you know are now are these yet expert employed mom. Where are our work through a change in gender. That didn't you didn't act the way that you're going to look 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. I do non. Not a continent diet and you all agree that. And that certainly happened Whitner in a two year out but you tweak it we look. Across the world. When the employment is going up quite well. I would it PM another. 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. And it just in the US those numbered them like speaker in the US and the hard most of the rest of the country in the world and future a couple of things. And tracked at all we don't have a query child care or stability. And so win you have to appear to work outside the home both parents have to pitch in child here the other hand I. Many calories I'm Bob can work at home also had to Mary. Women who work at Idaho so Adio all of Betty and her colleagues have shown that. On multiple parties and so part of what happening at that these men are rape I'm like mom. Contribute board because that's what they think is reasonable for men to do it also because have to kitchen work because that way it more likely. I mean Darren in the back what else did you learn from the study that surprised you professor. Flipping. The remote with the act. According supervisory responsibility. So you weren't going to try. And women. And what their mothers do that we know for years that bet on simulate but our fathers do. I but we are surprised it and we Eckstein your mom goes to work even for a short time child. Makes you believe that it reasonable or witness to hold positions of responsibility of Idaho. 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. Professor Kathleen begin from Harvard Business School joining us as it relates to working moms. You have any feedback on that trucks daughter Tucker entity feel about working much does it impact your lives at all. And not a conscious way I think I mean I'm sure that he did have an impact obviously but. On the you know for me 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 eve of pearl a lot of people. You know again just having that positive role model as a a mother being out in working no I think especially you know for our young girls I think it makes a lot of sense in terms of how it 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 what you want to work she busted hump you know worked eat the five and palm trees two kids in the process and I definitely look up to her as a role model as one artist working people now try to emulate that. Net and the other thing all absolutely yeah. You know like YouTube fellas her. Not great hockey fans and both. Had trouble yesterday you didn't try a pretty big hockey fan well would you describe yourselves as a bigger hockey and earn NBA hockey and soccer hockey. Both hockey well. And you're really unique is Tucker a tiny little for three yesterday I was close you even have me on an attacker 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 and a Golden State Warriors for first time in forty years and they are based just on clear Golden State Warriors they Plano correct that. 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 what you get these frankly you know what. I have secret you hears it at the way to view works as. I have listeners who feed me. Really tough trivia questions and 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 now we did have a lot of them listeners with correct answers. I don't see anyone who has the right and yet so far today where 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. No cash. And if he if he needs some more weight looks like we wimps we have we have eight different answers right now in Iraq. How do you know they're not right if it can have these people didn't even 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 wanna play trivial that's. Our text number 68680. He simply text the correct answer to us. In in wean yourself a prize he would go for it's not have 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. Can cope with the financial exchange. You. Download the mobile left by surging financial exchange in the iTunes or Google placed door from the financial exchange radio network. If you're landlord pay attention that. First of the month rent date time and chased down late payments and organize your files per trip to the bank now you can take back all that we had time with something called the C rent leader banks in new product he rent automatically deducts. Tenant rent and deposit it into the landlords account making rent 81 less thing to worry about visit www. Zero rent dot net. Now to learn more no more checks or trips to the bank no more rent payments to lead or lost in the mail tenant pay nothing. And for the first six months it's free for landlords. Landlords go to www. Www. He rent dot net to learn more call 7816. Or 18691. Sign up hers he rent a day and take the hassle out of right date for everybody. This is very Armstrong 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 here's a great fear among listeners that they're going to have to pay higher taxes if you transfer your assets. In two and irrevocable trust is that true or not true. It is not true but again I hear like you here I get calls from the accountants. No offense 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 grant 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 cut their rates are compressed 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 trust which in English means that. Mom and dad the creators of this trust are considered the owners of the trust for income tax purposes which means any interest dividends rents capital gains. That are generated inside the trust during the year. Are simply reported on your personal income tax return just like before. As if you've never done the trust at the. Act 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 durable global trusts here's the phone number 8668485699. Toll free 8668485699. That's toll free 8668485699. Advanced state planning has many benefits it. Including avoiding probate passing your assets along to your bloodline protection from the nursing home and my favorite possibly eliminating the estate tax type folks this is very Armstrong from the financial exchange each week pot luck partner with the law firm Cushing handle 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 an arsenal Cushing and Dolan has put together a brand new guy top ten reasons to do estate planning call your copy now 8668485699. Cushing and Dolan can help you protect your assets that number again is 8668485699. Security operatives securities America -- member of an SIPC an advisory services opted to securities America advisors and Gary Armstrong representative Armstrong advisory group Cushing and -- and the securities America companies are unaffiliated hi this is very 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 -- that I see on late night television or even the ads frankly that I hear on the radio I like to buy gold from a local institution that I trust I owned gold and I bind my gold points from leader bank I walked right into any leader bank branch and I can buy American Eagle gold points leader bank is a local bank with. Branches in East Arlington Arlington center Arlington Heights at Belmont Burlington and Central Square Cambridge bay locally and buy your gold coins locally it just makes sense give leader bank a call and learn more about their gold coin. Programs 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 and it is good for your portfolio to find him on Twitter Barry G Armstrong 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 it 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 and they don't want to fund you want to get the documentaries there you get everything and anything. Think you need for news and get on line right. Yep you can you can just get you know you can go to whatever your need 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 use search kind of what you're adjusted and right if your student. Movies about World War II where fury which did in documentaries about the civil war feared stated in. There's one neat if you guys ever watch that he Flanders. Binders are tantamount blinders and set the prohibition on his back and date it's post World War I. Britain it's kind of like a proud as an ounce in in the United Kingdom anyway. I digress but I it I just love Netflix and I'm one of what forty million. He Riley announced the apnea and had previously. Pardon Netflix you know what the highest number of subscribers for any paid media service was no idea. Third it was about thirty million with HBO also Netflix just since its inception has already outpaced HBO by about 30%. Yeah like Netflix better then anything else just because it's. It's all over the place they're no commercials Brittany I really enjoy the fact there's no commercials and you get up. Your your contents. And I for me it's it's a history fingers on the if if I could have done anything for a living 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 to 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 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 they initially put up just a free version. Where they would put whether it's their shows their movies all of the different content on there. And they would make you watch commercials and essentially. Have access to those shows through their platform just as 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 who is more focused on you war. Really and your major network shows so I design 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 attempt. So my guesses your knock in a cease sign felled. 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 Jerry Steinfeld. On 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 the watch commercials yes yet that's for free when it with a free version other papers needed to. That is a real breakthrough for me to the FB two and a breath I'm not pay in 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 don't know 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 it you look at how the dip 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 YouTube we say look we'll allow you to set the channel here. And post your content here and you can get some of the revenue will receive some of the revenue from it is well there there's some renewed interest in business possibilities for them going forward. So Yuri Europe more optimistic about Hulu tonight. I'm talking Netflix that Netflix OK yeah who who 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 that it's threaded all right whooping. Is it indebted to China rate China is gonna have like 60500. Million middle class television viewers that's where you want me. 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 they don't need what they have and the Chinese market be 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 shall 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 1970 turns out it was Dave Allen's day 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 he interleukin four. Bryant free status taking on the win on that one so big win for the cape early on to very good very good. He has ever had your phones stolen department cellphones none now no knock on wood my son had his stolen he's a student at Bridgewater state university. And it was lot not this past years when his freshman. He has phone stolen. And he had the tracking device on it. And he went to the police and they found it out remember this poll was stolen while he was at Bridgewater state. The cops found the phone and got it back form in Springfield Massachusetts. I think that's 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 buying. His cellphone on his own he did not go through law enforcement bad idea. Because he's dead. Cheese. 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 he app. On your phone is meant to help you if you. You know if you lost it at a party or cure 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 read write their tell your grandchildren that little lesson because I don't want anybody end up but this poor kid. Note if Jeremy cook if if if if if your phone stolen you go out eat go to the police say look here's where my thought here is where it is and you guys deal as they do you deal with oh yeah they say my son he went to the the local police the Bridgewater 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 it really got its own. Yeah I do it through law enforcement don't try to do on your. Hey I ever 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 on the seaport and we're going to be doing a remote broadcast. A week from Friday that's June 26 stop on by these 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 hot of the Cha 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 rating your sweet. I'll mortar and all three for lunch today ready to go there topic. That's we're stock stock is up next on the financial exchange. A poor Leo its financial exchange you barrier Armstrong on the financial exchange radio network. You're standing by the water cooler and 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 their coworkers warn them that they need to be careful about what kind of trust the -- because they've heard that are applicable -- 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 law have written a brand new guide top misconceptions about Medicaid irrevocable trusts this guy details thirtieth the most common misconceptions about estate planning. Get your free guy that 8668485699. 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Securities opera through securities America ranked number finreg as a PC an advisory services operatives securities America advisors and Barry Armstrong representative arms and advisory group Ministry's American companies are unaffiliated representatives of securities America do not offer legal or tax that I always seek it by a professional familiar with the laws in your state. Are you thinking about transferring your home your children and loaded tactic from the nursing home. Did you know that if you do you put it at risk for your children's creditors including future divorces. You really wanna write a check your former on her daughter Maja abide Acura 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 in addition to your state taxes. There are better ways to own your real estate Beckham protected from the nursing home. 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To learn more -- -- a step -- minimum deposit to open and -- annual percentage -- is 1000 dollars Massachusetts residents only penalty early withdrawal including -- penalty which may reduce earnings -- subject to change without -- member at the secret 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 with 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 themselves in terms of valuation specialist to a point that shake shack now trading about spot and at times earnings. But these are three names I think pretty solid and the reasons why I like all these men. And one is that the play well on kick out of this ideas increase millennial spending they've they've they've been coincide exactly what that demographic looking for. They're all pretty well levered technologies that are single technology 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 over the moon 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 there right now to get AF bass catch a concept. Any time that we've seen in your branch a lot of mock sausage polenta mass. You know a lot of moving and a lot of other scenes this in a number chains started to ramp up. Are you about that it's that it wanted to open a politician but it and that to build that cops the the scale ethnic Serbs some of those chains struggled debit companies will face an increased competition. I think. Think you know as the first members here. They've built assault brand different pricing power. You know yeah. And it really establish themselves as the as the wife the respective brands that are in each respective categories. I think there's not such demand out there and right now there is a lot of without service and there's a lot of pent up demand that these players all of active chair. And the companies like best and given investors to make a 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. Yeah that's that's a great question actually very timely you know it's Starbucks today it is announced that they're actually going to be closing the bakery cafe concept they have called Bobble launch. Which is Millie was you know also looked at the grammys for the food program. But I had 23 locations on the West Coast with the closing down cover I think that the keep on top of the that they don't work and that probably at the more growth potential longer term to think about it you know what Starbucks is on. A copy. And they can replicate it heats. Bubbling in North America but I think this actually particularly has some global feel they can become cabinet Starbucks for the industry. You know on a global business and that's which sank. If you look at also such people I think would suggest that they have to. Secondary brands that may not be as small mound once called Chiapas Asian kitchen. Very much a which sport model delicate approach impotence often. And what are topic you want our that's our creative or think back to the period significant longer term they also have a upkeep the cops but that's Somalia after four locations at this point as well. I think that the cattle he has been one of the next big battleground in the restaurant's basement and image of polish track record establishing Brandon. Getting tax cuts restricted to via a lot of that there yet to be very opposition back category as well. How much of a concern is saturation inside the US bird for some of these companies and 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 it is saturation is there in the US and that also what are some of the fastest growing places. Outside the US for these companies. Yes I have a dream and I I think that they did overextend themselves the bed which led to the closing you know partly three out of 42 locations. About five years go up or spot right now it's more you know. They've their products and successor at. And secondary tertiary markets but I think it's right now more productivity initiatives are getting more people do lots of the Pope mobile order page plot from the company throwing out that's allowed them to get more people through possibly your animals on mute and portable or upsides. And so you'll get you know 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 about the five men and you know 678000. You know. You know range for that that would be tremendous opportunity for them law that's probably a large one but you also look at reasons like Brazil and India. In Europe there are certain locations that are even now that's. That sort of established players in the region I think there's a lot of opportunities for them but that's China Brazil and India problems opportunities for Starbucks there. All right well RJ appreciate the info on all of these in thanks again for coming on with those. RJ economy Morningstar he likes them all panera be out of those three chuck which one 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 maybe all three of us there yeah I and is upset that they charge two dollars extra for guacamole they do you how. I am so upset by that Saturday have you ever thought of do little BYOG bring your own block and I didn't. I've been caught putting it yeah it's not seen it done I seen it done now so yeah it's the fastest growing segment thanks. You guys know much about the Panama Canal. I know that it is in the process of being briefed dredged to incorporate the new super Panamax ships right now and actually I was the Panama Canal got back and back in the day you know as the start of the Panama Canal Teddy Roosevelt known as the French. We'll Teddy Roosevelt was a committed US money to. Yet that is the French started. In equipped. Because you lose the good a quarter of the way through it that great yet they 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 canal that will run through Nicaragua. Yeah and what China's it's it's not China is of and 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 lot 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 is 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 into it this is started they started this canal either in thirteen or fourteen talking about the Nicaragua to get it done in 2019 is with the projections and I wouldn't be surprised if this oil reserve wasn't developed into playing ninety exit to just got to go hand in hand. I just took it the canal being dug through nick or Nicaragua and it it's built to handle ships that do not exist now it's you know it's 2015. Well again that the trend is not necessarily towards larger ships at this point towards more efficient. 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 throughout the room. Through America without being detected Raza 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 truck is 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 face. 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 we have a free report that provides you with tips on how to avoid identity theft and it also provides you with reforms needed to request a free credit report from all three major credit bureaus call this number 8668106422. And will mail you a free report that teaches you how to protect your credit 866810642. To the cost free and so are 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 make sense to take advantage of these rates whether you're refinancing or buying in new Roman 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. There's a true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank dot com visit leader -- for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader -- dot com. Hi I'm Joan Lunden and appear worried about your parent Carol Loveland living alone like I was. And you are reliable senior 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 step of who to thank them. 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 here. If you are struggling to find reliable senior living information for your mom or dad didn't call or go online to get the free help you need during this turbulent time. Call now 800 forcing the vice president leader bank mr. GA truly. We're here to talk about gold coins and silver coal means and really everything that goes into precious metals what kind of. Gold coins are available through liter tank thanks very resell two different types to sell American Eagle. And programs and threats are two different types of gold coins that probably the more popular ones. And we also sell a fair idea of denominations so we still quarries we fell in ounces and you can still gold bars. If you go further we sell in silver coins as well so where we found this to be I'm attracted 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 these alternatives to buying you know gold beads yes or right and of mutual funds that focus on commodities so I've heard a lot of people say that to me that they prefer to own the fiscal lacks asset that but it is safe deposit boxes and put it involved. 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. But you know at the branch in Belmont Burlington Arlington Cambridge Boston and write each. Acker brings absolutely all right folks if you'd 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 he 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. They give them a call and learn more about their precious metals program 8776917900. That's leader bank. 8776917900. If you're thinking about retiring in in the next few years it's time to make some big decisions do you know how to change your investments from a growth portfolio to one which generates income do you know when the optimal time to collect your Social Security is did you know that if you lopped from monthly pension that income can be at risk for the nursing home perhaps a lump sum pension option makes more sense leaving a legacy for your spouse injure children there's so much consider before you stop working and we've put together a 26 page or reach high aiming guide they can help 8668106422. You've worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last 8668106. 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 Ministry's American companies are unaffiliated. At boon here with a word about banks' safety do you think your money in the bank is safe. Don't bank on it but generation ago bank account felt secure and they paid interest. This encouraged 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 quoting here that's. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on. Still think you're bank deposits are safe. Yet this vital new white paper now call toll free 8051960. To 71. That's 8051960. To 71. Fight your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the new HP mobile is now available for free and iTunes AP mobile where the news gets its news. According to a recent survey conducted by Genworth the average cost of nursing home care in Massachusetts is a 134000. Dollars per year how quickly would your assets be depleted if he had to write checks to the tune of 111000 dollars every month 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. The law firm of 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 in 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 we've Barry Armstrong. Most 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 an Angel exchanged 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 Janney yell 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 meets I almost wish he would come out and just kind of surprised everybody and do quarter point today. You know it could while. We don't know why we don't know what's common rank and and why not lately it why not I can give you plenty of reasons why not I give me your top three. Complete panic based on the Fed not having proper guidance before that's probably at the top of the list right you know I mean you remember what happened think about back when the Swiss decided 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 who you were gonna do what you can plan for opens that he saw this huge swing all of one day. You need that today Gary we need an hour can relax a little bit on. 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. Burris and why did we wait so long what's the big the year about having an overnight lending rate of 1% to 2% in 1937. Notice 1937. Days but wasn't that more about taxes back in 37 degrees taxes than it was pokes. 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 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. Getting a little pricey at 61 dollars a barrel. 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. Now that that's leading the fact that 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 when you make of this fit it PO initial public offering for those of you who are novice investors. You may not know what initial public offering is that you probably know that that is used to have your fit that 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 predominance out there there's the right. A bunch of different apps that you have on your phone that contract is whether it's been a free out I couldn't agree with you 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 in time 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 know we're talking. In another show about Netflix they have recurring revenue right leg nobody ever cancels their Netflix account yet. Hit it I don't know what their recurring revenue model would be you buy the device but there's no. 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 a mountain. Police say OK I'm selling this I'm going over getting the apple watch which spread which is free on a nightly basis so it's not the type of product that lends itself. To really having a light note 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 I mean historically tend to CNET tech companies to ever 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 tax 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 company. I'd do you guys is personal question but do you guys lost your teeth. Tucker the truth I didn't Yvonne is not listening life. I've lost the tops that the bottoms are harder to do it you're so right 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 age tell everybody the if if you don't floss your teeth here are dire. Dire. Health consequences to not flossing your teeth out tele on in helping 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 T get it you ask your dentist. They'll tell you it's a big deal yeah it has that you get that gum disease one of things like I was flossing I would floss every night before went to bed. If that wasn't enough. It's a because I was still getting receding gums and gum disease bleeding from the guns. You can go to CBS and you can buy these little picnics. Admiral I have one in my pocket with a low though cause these things that you Australians yeah news guy. It's he bought it CDS are not only 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 the news 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 that 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 know sent condensed. Ivan I'm just kind of observing right now you know that worried about your health. More about my blood a lot of good things are ready apartment. AI 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 basketball community when you think about New England right Springfield home basketball hall fame. I I think this is a lot I don't know what's its next new deal and I really meaning Woodward's heavy hockey yeah now aren't I anyway we have another NB a trivia questions 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 it's a tough accomplishment. Who is 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 AD I think I know I'm gonna attempt I think I know our most Vietnam need do you think I need to give the year that this occurred as Donald. No no I'll bet I know that's fair question there's there's two people in mind I think I have an idea of which one of them and don't let it. Slept 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 they 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 will all right. On the the we're going to be joined by Lisa wrap report 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. And then trucks and tell you the difference in terms of the percentage of our American population that smokes today. Verse is back in the 1960s. That's all coming up on the financial exchange. Including Marion financially Jim Jones books. We dot com slash the financial exchange this is the financial exchange regular network. If you're a mutual fund investor in order to minimize your expenses you need to first understand how old mutual funds assess fees and expenses the best choice at first glance may have hidden costs and what seems expensive could turn out to be a case of getting what you paid for different share classes have different 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 or free guide called understanding mutual fund fees and expenses call 8669579902. And will Mayo uses free report 866957990. To understand the true cost of your investment. The call is free and so is the guide called now 8669579902. Securities operatives securities America incorporated member for an SIPC an advisory services op with the securities America advisors and Armstrong advisory group in the securities America companies are not affiliated. The decision of whether to accept an early retirement offer is not an easy one to make it may sound like a dream but there are tax and retirement plan implications that must be considered if you're not 59 and a half you may be faced with steep penalties for withdrawals from your retirement accounts will your employer paid for medical insurance or will you foot the bill until Medicare begins what will 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 problem Armstrong advisory group has made available free guide called evaluating. An early retirement offer here's the phone number 866810642. To let us help you make an informed decision call Armstrong advisory group now at 8668106422. Today's topic is securities and marketing 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 lead concerns. Mortgage rates are still at an all time low and make sense to take advantage of these rates with the you're refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders in New England with -- very competitive rates 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 bank dot com leader bank claimed over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. They're the true experts and mortgage financing deal with a local bank today and call 8776917900. Or email us at loans had leader bank dot com visit leader banks for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader bank. I am London and 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 that living. Alzheimer's care nursing homes even important financial information. Obviously brie search every not given meaningless. They Downey plays or what you could afford and it was magnet. Where now. Very confident. And they just helped every couple cool. Them. So here's struggling to find reliable your living information call or mom this is a free service and you can and help. If you're struggling to find reliable senior living information 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. This 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. Answered 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 against Oscar Robertson right I guess Oscar Robertson now and and Tucker who you have. I was gonna guess magic Magic Johnson I was way off parent know it was. Wilt Chamberlain. And well and Wendy from on Newton taking on the 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 decline 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 and 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 city 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 that about things like heart disease smoking's one of the leading contributors to heart disease as well right and it's in 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 taxes 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 it 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 yeah recently cigars or are. Yeah because you don't inhale cigar to break her. And sleeping 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 yup even if you don't think he wore. So I've cut back on my used to 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 smoked the. You're doing 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 but he too 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 it's very very difficult. Yeah I mean I've had two to my friends and now off the top man had their 2720 years old and David spoken for years and they're just have the hardest time quitting right now and I try to eat a cigarette and 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 from from folks who have tried them. I know they've had some greater success with them you know what I get 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 is he could be any sport rate to be basketball Keller. And but I just probably. 28. And I put the skates back on after a long hiatus. And went back in your died found yourself to step between the blue lines. If it the Jews it was physically painful sore after that experience that's an okay I'll try to go for a and it is viewed 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 review for a 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. Yes I was I wasn't particularly surprised as to when you talk about retirement most people's eyes and the glaze over in the stop paying attention to you pretty quickly you know. On and I and I actually went out I actually took this test as well just as they published the questions that they asked I only got nine out of ten actually I got one wrong believe or not a fashion 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. You know what are you surprised that people don't know I mean it's thousands of dollars if you're making a 100000 bucks a year right. Your pain in the 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 I'm 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 right here you're probably think and 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 beauty it's coming at your pay when you wanted to or not got. I'm mostly look at it is you know the rules are gonna be different wind when I'm finally able to collect my one dollar a year whatever. Down on the road so now I don't pay too much attention for myself for the rules now where your parent. It's in 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 thank them. That I that I agree I hit 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 a turning point where to be joined by professor from UNH his name is Neil shot. He's actually with the Wall Street Journal. All we have to deal OK we don't have we have the reporter then from the current crash but the stats come from 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 into that securities cut your benefits I know you will cut your benefits that's what I'm afraid out. 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 state. 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 with -- your refinancing or buying a new moment leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates -- their experience staff about mortgage financing options and get a very competitive -- term fixed rate for your home whether refinancing or buying a new home work with leader bank -- 776917900. Or visit leader -- dot com leader bank -- over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. There's a true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us -- loans at leader banks don't come visit leader banks for all your home buying or refinancing needs 8776917900. That's 8776917908776917900. Or visit leader -- 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 feared their beneficiaries. Will not receive a step up in cost basis. Upon their death. True or false. It is false again they should not be out concerned about that because the way these trusts are drafted they will get a step up and remember. They should be concerned because most of these assets that they're transferring. Art house or vacation right they spent very little on in buying it. And folks that's what's your basis is very little if you paid for it. And now it's worth a whole lot more well if you were to sell it they take the value of what you sell it for minor issue or basis to come up with a gain while 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 and beasts which means you beneficiaries. Get back home that vacation home on the lake as if you bought 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 and the top misconceptions. About Medicaid irrevocable trusts 8668485699. Its toll free phone number called now and get your guide 8668485699. That's 8668485699. A state in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk about the law firm of Cushing handle it in creating the planes are folks in New England. For more than thirty years and they can help you to with all the different types of trust 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 we view this free guide the differences between revolt global. And irrevocable trust is your of the gas call 8668. Or 85699. They can even show you how it's possible to eliminate your estate taxes I love that part call Cushing handle right now to get this straight guy 8668485699866. Eight or eight. 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 the ad 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 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 sense give leader bank a call and learn more about their gold coin programs 8776917900. Or visit leader bank dot com leader bank a step ahead not a deposit not FDIC insured not insured by the federal government agency not guaranteed by the bank may go down and out. More than send some of the world of finance where he'll continue to make some dollars as 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 978 rights and my dad has it changed so smoker and got bladder cancer surgery at fault when he twelve it's stomach 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. You know. All right it is time for our prisoner. Escape the update once a day we'd bring you the latest news and updates. On the two escaped convicts from. The new York state prison and Tucker Silva with a list 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 in Apple's core fundamental right. Yet they don't look that much difference though so where we're at the what was the date June 6 June 6 is amazed so we are now day eleven. On there on their escape right. Yeah unbelievable. Do you think they never get caught chuck. On to a think they never get quite hot do you think they get caught no. I think they will like three years so if 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 wouldn't. I don't know they could be too dizzy and if they're grown as a teammate that makes them eat more easily satisfy that's 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 it was a and it's a 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. I think this operation. They had some sort of destination in mind and somebody game cash by the somebody had to have him cash break is if they robbed somebody they were reported to authorities right there aren't they. Here's a you know and on TV trivia question first. On. 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 day he they had a wagon. Well back in the Aggies hope they they were the AEA were pretty darn good and 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 at 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 it led to it 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 read dose one is sit drawl and of course focal now did Mexico do this from the standpoint they just needed the money or did they do it because of health related issues they were doing the claim is that they were doing it from a health related issue in reality it's probably a little bit of both 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 but 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 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 drink soda. Do you think that. The issue because it worked with tobacco here right we started well I don't know how much is a pack of cigarettes today is in Massachusetts think it's a crushing my files that are seminary boxing 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 where it. Big chunk of it is tax yeah do you think it works like if if soda. Cost two dollars can instead of a dollar can I I don't know 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'd be an end that it lies is big gulp big ones yeah 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 goes to actual health related programs in reality we know that not going to happen so that does raise some question marks and I think you need to be careful there right but. We we know that look these these types of drinks they cause obesity there a prime cause of it and when you look at the costs that we pay. As taxpayers already through. Health insurance Medicare all those types of things. Look the cost is coming up 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. Costner not. One man's thought they I wanna talk about mutual fund fees and expenses and chuck kind of go back in history a little bit but there is today. 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 of that yeah a couple years ago and had a nose 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. For. The sake four point 5% per year to have her. 450000. Dollars managed. And the the reason I bring the 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 complimentary. It's a guide that is. Year towards helping you better understand what you in fact our pain for fees and expenses for your investment portal. 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 me Boston cop. They didn't know what he was pain for fees and expenses and he's a pretty bright guys a detective did note he's paying fees and expenses he really appreciated to 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 Shaw from the Wall Street Journal. Is gonna provide you with evidence that the birth rate in the United States is starting to increase even it's just a little bit. That's next on the financial expect. Get a market update end. On the financial exchange enough financial exchange radio network. If you Google asset protection planning the 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 a remarkable trusts 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 won a major assets unavailable for nursing home costs nothing could be further from the truth. There are a lot of so called experts out there on the Internet coming to you from all over the world gets an information from a law firm that has been helping families like yours right here in Massachusetts for nearly thirty years 8668485699. 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 and teach you. Fundamental basics that you need to know about estate planning 8668485699. Is a limited time offer so call now 86684856998668485699. A state in asset protection planning can be overwhelming word you start how do you know what type of trust is right for you hi this is very Armstrong and I'd like to talk to you about the law firm of Cushing handle it in creating 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 plan do you need to revolt global truck do you need an irrevocable trust and what's the difference you need an expert advice and they put it together re guide that will help you decide the best plan we view this pre guide the differences between revoke global an irrevocable trusts is yours but the gas call 8668. Or 85699. They can even show you how it's possible to eliminate your estate taxes I love that part call Cushing handle right now to get this free guide 8668485699866. Eight or 8569. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates when 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 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 Clinton 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 banks for all your home buying and refinancing needs 8776917900. That's 8776917908776917900. Or visit leader bank dot com. Making your Smartphone even smarter. Download our mobile lab by surging financial exchange show in iTunes or the Google play store. This is the financially James. Radio network. Portland Trail Blazers was the correct answer Tora last tribute a therapy have a winner yet I don't have a winner here that we have one but an avid. Haitian community yet achieved in my for me to share with you. Hey the good induces. The US birth rate has hit a turning point meaning that. You know you all 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 day. 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 Shaw 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 that it and its aftermath. Are artillery could be going down hitting record lows every year. I am and the number of birds in the country just 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. Defect it went up its interest in and of itself. And but demographers although it's a that cult journal fertility rate which the number of birds are a thousand women. I just can that account for changes in population. That went out for the first time in. History that it's so it basically showed that turn and. Good good what do 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 good people back. Is called the total Jody reed and basically that amount Q. How many remain to be really chilled and can we expect the average woman. Or are hurt like that would not to just a little bit. To about one point eight sick children. Get into that 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 we're we're so well below I mean one thing that we're running out of yeah Albert were below the color replacement rates in. We turn to keep the partly able. We are doing better than today Europe and Japan which are significantly. Below. 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. You know every time we are recessions or fertility drops a little bit typically after a couple of years com. They come back and some of the women in their twenties there. Maybe especially the lesser educated to be lower income women that could opt I think it's good it was too much of financial burden. They had a number two we're gonna go a tree get. Option in a couple of your economy cup where they catch that they have that its leader could typically what happens. I'm after a recession in in the Great Depression. It was really just ended up not I think it's an entire generation remains at smaller families here. The big worry has been for the last couple years cheap we're not we're not an uptick in birds here is it speed Great Recession. Just like the Great Depression. I think they gave it just. Maybe it maybe we will after this cold long period get a little bit upturn in the a little bit more open to 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 they were big deal why not have less people that less now to. He didn't let you know food and water we got to make those that. It's a logical thing that they generally speaking economist in. I think people having more people with more workers is good for the economy being in worry about our teachings the idea ignited again that much and Europe. If you're worried that they expected agent society. I'm on the US economy Unita. Any workers in the UK population growth package aid workers in the future cute too. Apple striking economy right it just set the sort of labor and another big worry is comedic you don't have workers. People working here and other acts as a data that tax base then you've got. A smaller courts of funds to trot on finance all of each social benefit compete under our elderly increasingly elderly population. Good note that you are treated at third. In just. Our our US economy is Glenn is driven by. Consumer spending all right we have a smaller population at the time that he let the man or. Diapers created touts its car that. One of the good stats came out of your study used teen pregnancies weighed down right to record low. It it is a record low it's been hitting record lows arming every year that I didn't act in recent years yeah I get in one. That biggest demographic. Success stories we really in recent decades and in the late eighties I think in the early nineties it's Ike. In teen pregnancy that really got it pretty worried basically since 1981. Teen pregnant rate has dropped 60%. It's gonna wish you success. And huge public health success. Under this decree to try and get through every year dropped a lot good if you got this great. He the birth create a winning each. We've seen it wouldn't pick in the nineteen he dropped 9% just in a single year last year to to a record low. Now Neil I I appreciate your time in your research now want you to get busy and make some babies. Are right. Near a shop Wall Street Journal. I mean that's first time in favor told an actor and an houses I mean her that was mom right. Right right I would you know what if you you're doing the patriotic thing to. I just want you to think about that this weekend by making baby helping US not patriotic that Katie it's a patriotic act here and leave it just you know just get busy it you get busy make babies and I'm not I'm not all there. And I'm not marriage hearing curtain came out of wedlock as now that's a week I'll I'll let off the hook you have a job you know. If if I'm gonna start driving for Amazon now with a wrecked it 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 eight biomed. Is expanding and I think they're hiring about a hundred guys you know 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 and they're 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 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 would they do they they may know what are they make. It's largely a heart pumps and things along those lines and so. This type of technology they've got a couple different. Types of technologies but pretty much what they do is it's almost a little propeller that really kind of keeps the blood flow in 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. 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 and it's 65 dollars today it's been as high 76 but within the last year chart this stock is traded at 21 dollars a share. Depp took a 181%. In the last twelve months and you go back you know five years and this was 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 fare from chuck 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. Are you ready to retire the question is actually more complicated and it appears because it demands consideration on two levels first there's the emotional component are you ready to introduce new phase of your life. Plan for what you'd like to accomplish or do in retirement second can you afford to retire will your finances support the retirement lifestyle that you want he have a retirement income plan in place we've got a brand new guide on retirement income the transition into retirement it contains information on how to determine how much income you need your sources of income guidance on asset allocation to generate income and sustainable withdrawal rates call now to request your free copy of our retirement income guide 8668106422. I would suggest you call now 8668106422. Securities African securities America ink member in rat as a PC an advisory services operatives securities America advisors are hamstrung represented I'm an advisory group industries American companies are unaffiliated. Mortgage rates are still at an all time low and make sense to take advantage of these rates whether you're refinancing or buying a new home 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 low 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 -- over one billion dollars last year to homeowners in the Commonwealth of Massachusetts. There's a true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us at loans at leader bank dot com visit leader -- 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 step of who to thank them and so if you're struggling to. Find reliable senior living information call plays for mom this is a free service and you can trust them to help you. 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