Nov 3, 2015|
Full Show 11-3-15 by The Financial Exchange
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
I. It. This is the financial exchange we've Barry Armstrong. Screens to Murray street stayed on top of breaking business news and learn how to manage your money to help you towards a more secure future and now broadcasting live from the insurer mention dot com studios it's the financial exchange with your host. Barry Armstrong. Hi everybody welcome to the financial exchange carrier truck with you here on Tuesday. You know I thought we're gonna start off talking about this big merger be that Activision buying it can digital. But I tell you what we have to talk about auto sales. You know we're looking at the numbers it's still laurel and won't have the final data for probably another way. Five hours Yahoo! compile all the way to. But we are seeing Ford Motor Co. total in US sales up 13%. Then you have the F series sales there they're up 12% there afford to sell a lot of their suvs that's in its blue in the Ford suvs and trucks are movement like cores. Pretty much everyone is selling a lot of suvs right now on what we're seeing in the numbers here. GM posted overall fifteen point 9% jump from a year earlier that's huge chunk. Fiat Chrysler fourteen point 7413. Point four. Nissan twelve point five but when you dig into those suvs sales that's worth the real jumping isn't in this is really. Hold it right there because you're you're saying the FS UV and truck sales are strong that means profits because we have now. You know when when they sell small car right Toyota Corolla model now a lot of profit margin. Know those those are your entry level car tree get people into the dealership by buying a Honda Civic or. Other a Ford Focus you get him into the dealership with that but that's not where the companies are making a lot of human. No they really want to be selling a lot of those suvs and in particular you look at some of the numbers are Nissan. Suvs sales up 26%. For the month lease on broke sales up seventy persons okay. Fiat Chrysler you look at the Jeep brand in there Jeep brand sales up 33%. They're seeing significant gains all of those areas here and overall. US auto sales expected to have increased 12% year over year to one point 43 vehicles that's nearly eighteen million vehicle pace on an annual basis. That will be the highest number since I believe. 2000 doesn't want. To live gets it's died January cover of 2000. Which was the end you know kind of the end of the bubble if you will get there that's what started the burst. And you know what. November could be a strong month track you know if you get mild weather is if people aren't locked inside. In November of 2015. You could have a third month in a row with strong auto sales to September. Was artificially high because of the way Labor Day fell this year yup so it's strong numbers in September yet strong numbers in October you still have a very old fleet of vehicles. And I think what you know I don't spend a lot of time in dealerships but the time I spend that I told him as the next Chevy dealership on a Saturday. Late in the day place was packed. Up and another positive sign for auto makers as they are continuing to increase prices on these vehicles as well the average cost of a vehicle. In October is expected to hit. Just over 34000 dollars 34000 dollars 34 and 23. Which is a one point 4% decline from a year earlier so people are financing goes over longer periods of time what would the average financing now seven months to go chief we have data for her for this range for this month here but is generally being in the high sixties and 6768. Rainsy talking. Average length of a loan on a car right now is nearly six years so you're stretching parts last longer whether lasting longer but because they're more expensive people were trying to keep that payment. In that you know call at 250 or fifty range. As opposed to trying to go to weigh three or four year deal we're paying 7800 dollars a month most people can't do. Well we do will lie and it will attract the the auto stocks let's give a little time to settle and then they'll take a look at some of the auto stocks may be. In the next hour deputy of the biggest is that the merger parade continues. Activision Blizzard by dialing buying king digital for five point nine billion dollars. IndyCar would. It did you guys tell candy crushes and notes that about you world technologically sappy and everything I thought you were on the cutting edge hey I did have won its toll number I have my dog pick my weekend. Drafting that's very yes. Dog didn't work out too well. I tried my course last night. Much better result with the horse are really one of the horse goes he went with the panthers' defense. And I thought I was golden bear the first quarter right I thought you know that it was his defense is twenty points. But any they picked him naked in a good night. What you have or what was it just it was the horse touching the phone with his nose with with that you topics move I took a heightened because a horse is a big animal I took my iPad I Kennedy until he hadn't. See the the file was too small or. Yeah I act impala yet it could not get glasses the meaning he's got some work that he asked to do so this OK be crushed what's going on here so candy crushed if you're not familiar with that it is probably the most addictive game on an iPhone which is part of the reason I've actually never played it. Just because I know hundred I. No I've never played it kind of the same reasoning with track like I can tell you this so I go over to my parents' house and they were down in North Carolina so I see him maybe once every. Call eight to twelve weeks so it's not that freak right. And we're sitting around and of course we're supposed to have in this family time and where my parents doing both my mom and dad are sitting there on their ipads playing candy crust like budget fifteen. Of. I'm like you guys are worse than it was when I was a kid like half that time out for you we're gonna we're gonna limit your screen to go outside. It was a it was unbelievable and I'm going what do you guys doing plays they don't until I just have to get one more level unlike I've heard this before I was well if the yeah but it was it was the opposite so it's not true that. It's not just the is novel O'Neal's play its baby boomers I can tell you much on no local play it and like they're hawked. There are dimming of Bay's game 68680. Is or text or would you tell me if you play was a cocaine because candy crush saga. Would you would you tell us if you play maybe. Trucks parents are an anomaly but now that you mention it when I go to visit my parents there was I don't know what they're playing with throws plain game on the phones it's it's unbelievable. Is vehemently candy crafts act I think there's a pretty good chance at a candy crusher awards in France is one of the it's one of those super yeah. Well anyway 68680. Is our text number do you play candy crush size and if you're brave enough. A whole New York but to me out to connectors to depth here your parents might just be different my parents are 68 now. Four of one saying it will gas prices are helping Robinson I think that's absolutely right specially on the suvs how much do you have much of gas prices helped you talker he could you have. Or drive it would be about thirty mile drive these two yes you Tway thirty miles yeah that's the I feel and 300 just Monday through Friday yet exactly FL yesterday and that was about 32 blocks to a what I have been. Fourteen gallons what was it do you remember Motorola's. I mean and I in the summer prior liked to send me something in late at all but I mean when gas prices were really involved in Dallas and forties who easily fit about June. Chart view it with the with the impact been on your family budget for gas prices. You know I typically fill up probably five to six times a month just as I'm driving around a decent amount. And so for me it's probably saved somewhere around eighteen to twenty dollars each time so about a 10250 dollars depending on the month. Now that that there's some truth of that then 41 because what that's doing use as putting additional disposable income in your pocket you can use that to go by. More expensive car I'm shocked that the average sticker on a carton house 35 bouts and actually go higher or lower lower lower I'm I'm shocked that people are paying that much money for new car. It's it's interesting in and part of the reason why people are paying that much ever want to double the cost of cars getting so expensive. If you look at what goes into them now and it's quantum bits it's a quantum leap ahead from what he had 1520 years ago both in terms of engine size safety features technology you look at what's actually going into these cars right now. And it's just that there's a massive amount of new technology that's in there. You know night it's it's fascinating to watch it was will keep an eye on. On on with other you know what what prices are doing 68680 user tech's number. Walgreens. Could end up selling up to 1000. Stores. This golf course due to their acquisition of Rite Aid they're deemed to have too many stores. Yeah and they may need to sell off some of their assets in order to make this deal meet anti trust regulations simply because. You do wanna have is certainly a diversified. Group of pharmacies out there for consumers to choose from. Obviously won't Walgreens wants to pick up some economies of scale by picking operated and hopefully. Streamlining some operations in distribution and Ainge are things along those lines but I. I'm trying to think if this is good or bad for CDS I'm concerned about CBS there. A huge New England employer headquartered in Woonsocket, Rhode Island right. They're they're kind of our hometown favorite rate where's Walgreens are out of Illinois what what concerns you about to deal with regards to black T think I think it could be an opportunity that if I'm Walgreens I don't wanna sell to my arch rival. Which would be mean if you're CBS you don't wanna sell to know I mean these the these stores channel CBS try to pick some of them all we knew things I would imagine they don't have the stores will keep in mind it has to be one of the major pharmacies out there because of yourself off -- thousand stores there aren't that many people that are around that can actually do you have to do quick right if you with the merger to go three after the commitment to do a quick CBS. McKee played air I don't know parallels what I mean you you're you're probably looking at keep in mind that CBS is actually the bigger company at least at this point CBS with a market capital about a 110 billion. Compared to the combination of Walgreens broad alliance and righted would be about a 103 bill writes X 8680s the text number. Up next we're going to be joined by David. Helio logos from Suffolk political research their research center. He's an update us on the Wall Street Journal poll that came out last night I think I got it unknowns at 8 o'clock and took a look at it. But the AP joins us next on the financial exchange from the insurer match dot com studios are. Where and Campbell's testimony gives you know Lilja and right here is the financial exchange in the financial exchange radio network. Interest rates remains. Auburn Li -- and I'm not sure when they're going up on top of that not everybody wants to invest in the stock market hi this is very Armstrong and just talking to my friend how we about the stock market and he refuses to consider buying stocks how he's conservative and he only wants investments that are safe and guaranteed that got me thinking and I found a three year guaranteed annuity that yields one point 95%. Per year for three years there are many types of annuities and some people think you have to type your money for ten years not true in this instance three years at one point 95%. And then you're out with no surrender charges if you'd like to earn one point 95%. Per year guaranteed for three years call our office at 803934001. That number is 80393400. What this is the best rate that I've been able to find so called now toll free 803934001. Principal and interest guaranteed as long as you hold your contract troubling for the guarantee period guarantees are backed by the claims paying ability of the insurance company. If you're looking for a great deal on a new account to a program issued check other zoo where rewards program that leader bank is now offering its checking account along with the companion savings account and as long as you qualify you received three benefits first then get a savings rate of two point 05 annual percentage yield up to your first 50000 dollars all of your ATM piece from you should other banks will be reimbursed and you get 1% cash back by using your debit card and visa credit purchases just sign up free statement with the account direct deposit at least 500 dollars a month and do eight debit transactions per month co leader bank right now at 8776917900. To learn more about the zoo rewards program that's 87769179008776917900. Member FDIC equal housing lender zero point 20 annual percentage yield earned on portion of daily balance greater than 50000 dollars those who do not qualify presuming awards will learn zero point 10 annual percentage yield on savings balance. This is very are strong and I'm joined today by estate planning attorney Todd what's key from the law from Cushing in dole and with your legal exchange quick tip of the day. Today we're talking about drafting tips for your Medicaid income trusts and Todd there have been some cases. Every week but here periodically. I've read about some cases where the states are challenging. These trusts that had been drafted for asset protection purposes you know and they are in and it becoming a situation where more more people need this kind of protection. But unfortunately they're going to people who are not experts in the field. And bad facts make bad law on its and help people that these troughs and they they don't work because I'm hearing about all these challenges. Folks on Italian war they just need to be drafted properly and if they are. Then they're gonna work just fine. To protect your assets from these costs one of the problems is you know a pork trigger clause they might have in the error clog of that deals with. You know purpose and you have the ability to live in the community and pay all bills and use the money for a win a whenever you need. Folks don't what purpose type clauses. In these documents because it sounds like money can come out. Principal can come out when really it should not be that way. So I. I think it just comes down to the fact that that facts. Make bad lie and please don't get your information around the water cooler you know don't listen to somebody that you hear somebody who says Alia. Trust don't work. These irrevocable trust to work by drafting its key Cushing and Dolan has been helping families like yours for more than thirty years and they can help your family as well request Todd lots he's brand new guide at 8668485699. Drafting tips for your Medicaid income trust 8668485699. If you already have a trust. Give it a check up call now 8668. Horry 5699. Securities opera through securities America income member finreg SIPC and advisory services offered through securities America advisors and Gerry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Olympian to read the financial. And bush got dunked on the financial exchange. And did you exchange radio network. Do polling data was released last night at about 630 from the Wall Street Journal this Wall Street Journal NBC poll. Helping us break it down down is David Kelly logos from Suffolk political research center hi David welcome to show. So what would we we all know that Carson is leapt into the lead he's got like 29% of primary voters. And trump has like 23%. That's right right now it's a six point lead altar in the twenties. Depending on the poll we are looking at a trump was leading in the last four national poll trouble sleeping in two Carson was leading in the most recent two out of three. So advantage to Carson currently are but they're both in the mid twenties occupying that big 50% of primary voters as outsiders. Somewhat surprising given the debate performance last week here's the the two guys that are generally credited with winning would have been crews and rubio. I don't recall. Anybody saying that Carson had a particularly strong night. That's right you know and in what we've seen is trumped. What I've noticed is that trot tips. A rout in the polling around the time of the debates because I advocated HIV equal more time. Then him and then between polls he. He Rauch it is not his poll numbers up because he's so good at getting so much screen media and this is no exception to that so I think he saw a a bit of dipped. So trumps. Com but as you say arson was the beneficiary. The immediate beneficiary as sort of one of the two front runners rubio would crews are holding. Third and fourth in this poll and have been pulling third fourth for awhile now. And if you look at post top four candidates. You know you're looking at three out of four. Vote Republican primary voters or caucus voters occupying 75%. So both of those are the main force Fiorina has kind of dropped off a bit. What about the unfavorable Z used to talk about that in the past and it kind of puts somebody at cap you know he tells you that with their high water Mark Hughes. The wayward these candidates rate in terms of there and favorability. Well that's where trump runs into some problems mean in which in the Republican Party is ratcheted up as numbers of people like Jeb Bush and others. But once you expand that pool trumps on favorable jumped high and that's why he's going to be it's going to be a tough choice for him. Constant as much better you know he has a much better demeanor in in voters. You know it's seem to cede it to two you know take to him. Easier. But on the democratic argue that the same problem with Hillary Clinton in the democratic. Polling she's not winning by thirty points premature works with an inch which is now. Really going to be labeled little local. Win it starts in his does win elections but her unfavorable as well there are excited and it's. Are high so potentially. If her work truck and Clinton you'd Al. Two candidates. Propose a usually among the most important group the ever seen anything like that before. Did not knock on both sides on both sides and so there. Possibly remember outcomes you know voter turnout could drop. In dependent. In the current portion total votes could drop. And a potentially help. The democratic nominee given that there are slightly more people weren't department social Democrat. Nationally. You know the other wild card here Hispanic voters in historically. Hispanic voters have the lowest turnout of the treaty. Major demographics might black Hispanic. In the last cycle Hispanic to station 50%. If trampled in Albany that potentially could polarize. On the democratic side Hispanic voter registration visitation unless. Rubio. On the ticket we're. So. Lot of movable parts here. What debt how to cruise in revealed rate terms of their. And favorability. You know cruise. Crews in rubio do really well with in. Within the Republicans. Subset. Rubio is quite popular. In a lot of the polling. I've seen. Rubio does well as potentially a nominee in the general election. Matchup. And that's that's an important thing to be thinking about because. You know when you look at candidates like. Rubio vs Clinton. You know in the last for example the last three people he was running dead even with Hillary Clinton 2343. In general election scenario. You know you've got people. You know like. Blush even and does well against Hillary Clinton because Hillary Clinton as an independent problem the problem with bush is that he kicked it out in the Republican primary ticket traction. Been a problem compartment just it just evening given within the top floor and he's currently not in the top four Republican so. Tonight usual dynamic where sometimes the strongest part candidate is very weak because of their low to deal with independents and by super received. Candidates who can't get traction in the party and our primary but potentially would be stronger general election candidates like Joseph Biden for example Joseph Biden. You know was polling or in. We can a lot of democratic primary contest that we have on our polling but he was stronger than Hillary Clinton in the general election because. He has got repealed on independence. I began meeting with the how to straw poll with Hispanics. He's not pulling terribly well with Hispanics in general election matchups. Which in the Republican primary Hispanic voters he's done OK. You know one of the things that. Will be important it is to him broadening his base if he were that nominee. You know and if you're a person like constant. It's less about Hispanic and nonhispanic constant problems and the most recent NBC Wall Street Journal poll was that. His appeal was strongest among those worker. Fairly wealthy IT making incomes of greater incentives are thousand dollars a year and people who work really. Hi churchgoers. And if you look at those subset that two biggest upsets for Carson. In the Republican primary where wealthy also was a part down that. And people who went to church less than once per week and we know from some of the Republican caucuses and primaries nationwide. The people who to vote Republican primary is our church go. They the religious right and it's not a good sign was in the Republican Party here. During the biggest part of your base from people who attend church less regularly. Right right right. Well David thank you very much we'll look forward to the next Suffolk poll that comes out you guys in Scotland coming up the next weaker to. My pleasure you know what we're looking at two balls in the next three to four weeks one is the New Hampshire GOP Republican primary and the other is. Would like to do a follow up to our people Massachusetts 02 out Charlie Baker is spared in this first year. Very good Bergen thank you very much they beat paley logo Suffolk political research center. Chiming in giving us some perspective on the polls I I know there are other polls that were done. But the the of the wind and all the press right now as the Wall Street Journal NBC yeah and it doesn't show a major shift even with this remember that trumps support didn't dip that significantly you're talking about a couple percentage points which is with in the margin of error here. You're listening to the financial exchange from the insurer match dot com studio. Making your Smartphone even smarter. Download our mobile lab by surgeons financial exchange show in nineteen Jordan who will play in store this is the financial exchange radio network. Hi this is very Armstrong in -- you own rental property you're gonna wanna hear about this exclusive program offered -- -- bank it's called -- rent and it's designed specifically to help landlords receipt and deposit their rent checks electronically as opposed to having to wait for the mail call -- bank right now if you're interested in -- -- the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and will help you avoid the hassle of waiting to get a check many landlords are suggesting that -- sign -- -- -- -- upon the execution of their release and why wouldn't you wanna do that once it's set -- you never have to make another change during the lease period he rent is a free service if you have an account with -- bank and if not it will simply cost to a small monthly -- -- -- bank right now at 8776917900. That's 8776917900. Or go to -- red dot com for more information member FDIC -- -- here and I'm joined by estate planning attorney -- -- -- from -- and Dolan. And we're talking about. Drafting tips for your Medicaid. Income trust taught if somebody's done their trust planning. What's the biggest red flag that they should be looking for in terms of the drafting of their. Trust documents in a bear that's a fair question because people that have these trusts are gonna say wait and IQ I can't read through this document and try to figure out what's going on. Folks you can in this regard generally it's right in the first may be paragraph two or three of your documents gonna say what you can do during your life. Gonna have a heading there. We look down their I want you to make sure that it says you're entitled to the income and that your not entitled to the principle at least not directly now that seems obvious and it would be easy to fine but what I worry about. In what I want you look for folks is. If you're reading through your trust. And you see the word income to you. But then nothing regarding principle that's called silence as to principal. If they don't comment in the trust and prohibit the distribution of principle who you. Then there are cases where they will say that if it is not prohibited that it must be able to come out through. That is not the result you wanna find five and ten years after you've got a little trust so you wanna make sure that these are drafted properly and also understand how they work the do's and don'ts of the trust from an operational standpoint that's what we're offering. Very good Cushing handle it has been helping families just like cure for the last thirty years and they can help you as well. Request tot lots these brand new guide here's the phone number 866. 8485699. Drafting tips your Medicaid income trust that is the name of this month's guide. If you already have a trust given a check up call now 866 the worry. 5699. That number again 866485699. Smart investors are already doing their year end tax planning because they know in on January 1 it's too late to do much about their 2015 tax liability hi this is very Armstrong and here's a tip wait to sell that winning stock until you've held for twelve months he could reduce your tax bill from 43%. All the way down to 15%. Wants another idea think about making non charitable gifts to family members right now you can get up to 141000. Dollars this year without having to report it to the Internal Revenue Service the Smart money is always on trying to lower your tax liability and we have a free report that is chock full of year end tax planning tips 8039340. Toll free 803934001. Here he suffered for securities America incorporated member of the wrestler BC an advisory service is up for securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a tax professional familiar with the laws in your state. Did you know that solar system on your roof is among the most meaningful investments you can make in your home Boston solar can show you how to unlock the financial power in your home or business by harnessing the natural power of the -- Austin solar is the number one rated residential solar company in Massachusetts and a leader in providing affordable energy solutions to homeowners throughout New England with constantly rising electric rates Boston solar empowers you to take control of your utility bills and increase your energy independence call 8559799446. Today to receive a free solar analysis of your home and learn how you can start generating positive cash flow now that's 8559799446. Boston solar can work with you to maximize solar incentive income and all federal and state tax credits Boston solar Smart sustainable saving you money call Boston solar today for your free solar analysis 8559799446. That number 8559799446. Signs of your portfolio that matters. The information you need to know right here on local and it's getting enough financially and radio network. It's time for trivia here on the financial team. What does BMWs. Being four point translated into English you know the answer to that question. Text yes or text number 68680. We vote to hear from you what does BMW. Stand for wing translated into English and adults a break my window that's what used to stand right. And other in new York and BMW. In Rios used to joke it stood for break my window. How many times you have windows broken there between that and the Porsche quite often get to the point where I just didn't bother haven't read in the car. That's what it was it wasn't worth the up back in the eighties yuppies was work they let's talk about is Afghan partners and in my pronouncing it properly Afghans is Afghan gotten pressure. Yet this is the company that if you remember couple odd couple weeks back they had a patient who was in one of their clinical trials who unfortunately passed away in what we've seen here. Is that the FDA ordered a partial clinical hold on Friday. On the drug that the patient was taking it was confirmed that the patient was taking the actual drug and not the placebo. It's still they still not determined an exact cause of death so there's still trying to figure out. If there was anything that could potentially be tied to the drug. That actually led to that. But certainly the the shares of the stock have gotten hit hard on this news here. And it definitely is not the type of publicity that the company wants to be seen. Even if it's it's found that there is no issue with that if if we generally right it's generally very difficult to move past it's all about weight loss. Corrected it's typically the drug is designed for it's it's a rare condition. With called Prater Willy syndrome. And a lot of people with that disease unfortunately. Do tend to be obese as there are issues relating to how the brain processes hunger signals from. And so this is a drug that is attempting to treat that. And figure out if that if there is you know mechanism that they can get in the way of there and unfortunately does appear there may be somewhat of a setback here because. So right. Let's move on and talk about ever sourced their profits flat boy you'd never know based on how much they're charging me for my electricity. Make anybody who gets an electric bill from ever source feels that that company must be making a ton animal money. Yeah and profits pretty much exactly on the line from last year coming in at a net of 237. Point eight million compared to 236. Point five million a year earlier. Sales for the quarter were up about 2% over the year in the prior year but what you did see there was that expenses did rise in order to make up that gap and as such you pretty much done no profit gross from the company year. Over the last year or so and as you said well we've we've seen prices go up for the last year in electricity finally starting to see those come down. A little that we organs he lower electric prices in the winter this year lower this winter than last enters correct they're still to be higher than two winters ago but lower than the increases that we saw last. And that's all based on. Nat gas and the ability to hear from acting exactly. Exactly we still have was still pretty much the highest electricity cost in the country I believe it's four out of the six New England or five out of the six New England states. Are in the top ten for electricity costs in the country. BMW boosted by strong sales and be weak Euro. Revenue from sales of BMW brand vehicles mini compact cars and motorcycles surged 14% that's a good month. That's a good month especially given that two of the areas that had been seeing significant growth for BMW in recent years had been both the US and China and both of those areas actually slowed a little bit so they saw an increase in places. Such as and then the Mini Cooper they saw an increase in sales of that vehicle. Motorcycle motorcycle vehicles searched 14%. And I think that when you look at this it shows they hate even when they're not hitting on all cylinders with some of the areas that had been working for them. There's still able to generate some growth through some new areas. Have you given any more consideration to the question I asked you which is really too weird and Volkswagen customers go. The seemingly don't go back to Volkswagen do you think BMWs the beneficiary of that as Saudi beneficiary looking mind Audi is people what's right I think that you're going to have some of those Audi buyers may go over to BMW in particular just to stay away from Volkswagen well I think so and in particular we got news on Monday that the the EPA is looking into more vehicles now because it turned out that some portion vehicles some additional Audi vehicles had the software installed there as well. I think on the lower cost when you look at some of the people. That we're buying the diesel such as the jet yeah that you know the smaller vehicles there. I think a lot of those probably go over and look at something like Fiat Chrysler maybe look at it Kia now maybe look at some of the smaller Toyota models just talking in the United States or worldwide. I think. In the United States you probably look in that direction if you're talking in places such as Europe I think you probably stick with some of the European manufacturers should just Fiat for example I think might be good there and then if you go over to play what you think of Volkswagen buyer in the states has an equal chance of going to word vs Toyota. I think keel with that he hasn't great models in that range I think they're gonna be a prime beneficiary in the US I think if you go over to China I think India South Korea. Yes I think if you go over to China I think GM is probably the biggest beneficiary since there the second biggest guy over there I think they pick up a lot of the market share from anything that happens from VW in China and they had strong we reported that earlier but they very strong sales very good numbers in very good numbers. They are crashing and Dolan it's November they have a new guide that they are making available to the listener ship of the financial exchange. And it all has to do about eliminating the state taxes I don't know if you're aware of this but. Your state in which you resign mr. Evelyn in New Hampshire the state in which you reside has an estate tax and then there's a federal the state tax as well. You taxed twice when you got the attacks that the federal actually he'd argued that. Because if you have an IRA. Your beneficiary or hiring is gonna receipt pay federal income tax and state income tax on your diary. And then it's going to be taxed for federal state taxes and state state taxes Cushing and Dolan has a guide it's called strategies to reduce or eliminate. And state taxes. And asset protection planning all the same time sounds pretty good if your student receiving this guide it's the first time we talked about it as a first time it's been made available. For the month of November the phone number is 8668485699. That's 8668485699. Strategies. To reduce or eliminate estate taxes and asset protection planning. Well the same time too for. 8668485699. Is the number to call that 866835699. Well I have a confession. I did not watch ten minutes of the World Series or five games right of the World Series. Yeah I'd watch one minute you I didn't turn it all added I didn't even know was over until I came in this morning. As over and so on Sunday. It was over Sunday they quit Tucker and I quit that what was really yeah I wish I'd done on Sunday error royals wrap ups on the night in Italy it was like. Extra innings and there there was yesterday. Now gets up. This this tells you how much an elf if you're baseball you like baseball. I do I just had no interest in the series it's it's I don't know it's because it's part of it's the Mets. I mean obviously guide I just I have no desire to kind of go through that because you can hear about the Mets is. You know better than the Yankees no really you hear about is Bill Buckner from back in eighty I'll pass that at this point. And the royals I just I just don't have a ton of interest there but. I guess I was one of the few people that didn't because they have a history of getting lots of red Tucker did you like yeah I watch some of it now you know not not every single an inning but I checked and. They they did have some pretty good ratings I think a lot of that was likely due to New York. In in this year they average about fourteen point seven million viewers per game. Up from about thirteen point eight last year's that's about a 7% bump when you look at all of the all the games out there. And that's a big jump over the 2012 series between the giants in the tigers which was actually the least watched in modern television history with just twelve point seven million is based. I'll die in the yes and in depth look at the viewership there's a football game on Sunday night. Right the Broncos in the package now granted that was a good game up right to very good teams turned out to be a blowout rate debt a Broncos won. But 23 million people watched that steam. Which is a Sunday Night Football game. Right not exactly. You know prime time I don't think. Vs fourteen million watch in the ball game. You shoot for me is I don't have the time to devote myself first of all the games just by themselves too long I think that you know he's three and a half to four hours more times but beyond that I don't have the time to devote myself to 162 games a year you know it's it's I just I just don't have that type of time and flexibility at some point my life I'd like to. But I think for a lot of people who are working who were busy with families who have things going on. They just can't commit to getting involved that often and the problem is that Costa has gotten out of hand as well I mean you look at the cost of going to a game I think that's largely in the northeast if you go and look at other places that there's actually a number of places in the US that are very affordable to go watch professional games in but you talk about Boston will certainly take it and federally eighty bucks average right now I think is just or over as I. I sticker prices. Throughout the majors and it just it gets it you know it it becomes a corporate event in the Red Sox they'll sell out their great franchise that's it it's not something that you. You say oh let's take the kids in you know goat to Fenway for two and about you know doing. So severe that got actually I was wrong there the average cost and this is according to this statistics from Major League Baseball this year. Red Sox have a high ticket price in the country averaging 52 dollars and 34 cents largely because they have all those cheap bleacher seats that are out there which I love by the way but you go down and you look at some of these other teams. What do you think the average cost this the lowest cost team in the country average cost for San Diego Padres ticket. And for ticket I saved. They're Onebox sixteen dollars and 37 that is the average now. You go and look at the median numbers and in the right in the middle. MLB averages 28 dollars and 94 cents so your right it is just from Boston is it's twice as much in the other top teams that are up there New York is about a dollar less the pubs are about seven dollars less the Phillies the nationals it's all you're northeast teams. That are really stacked up there. Mean you look at the bottom you can go to an Arizona Diamondbacks game for eighteen Boxee go to a braves game for nineteen pirates for two warning. You know there's there's there's a lot of cheap tickets out there no don't name him starter on the beer prices either we have the highest in the majors in that. Old cougar. This little bribes and played her before the game talking at a better just as expensive outside. A David Peltier from the street is gonna join us in the excitement he's got to stocks to share a few grab a pen and paper. David Peltier the street up next company to exchange from the insurer match dot com studios. He worked hard to make your money. Children can teach you how to make your money work you fix the financial exchange with Barry Armstrong on the financial exchange radio network. Smart investors are already doing their year end tax planning because they know been on January 1 it's too late to do much about their 2015 tax liability hi this is very Armstrong and here's a tip wait to sell that winning stock until you've held for twelve months it could reduce your tax bill from 43%. All the way down to 15%. Wants another idea think about making non charitable gifts to family members right now you can gift up to 141000. Dollars this year without having to report it to the Internal Revenue Service the Smart money is always on trying to lower your tax liability and we have a free report. That is chock full of year end tax planning tips 803934. Or zero toll free 8039340012. Here he suffered through securities America incorporated member can rest IDC and advisory service is over for securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a tax professional familiar with the laws in your state. Did you know that solar system on your roof is cheaper than continuing to buy power from the utility Boston Sorkin show you how to unlock the financial power in your home or business by harnessing the natural power of the sun Boston solar is the number one rated residential solar company in Massachusetts and a leader in providing. Affordable energy solutions to homeowners throughout New England with constantly rising electric rates Boston solar empower you to take control of your utility bills and increase your energy independence call 8559799446. Today to receive a free solar analysis of your home and learn how you can start generating positive cash flow now that's 8559799446. Boston solar can work with you to maximize solar incentive income and all federal and state tax credit Boston solar Smart sustainable saving you money call Boston solar today for your free solar analysis 8559799446. That number again is 8559799446. Arab struck here and we're joined by -- to ease the vice president -- leader bank and were talking about Small Business Administration rules this is a very important topic because of lending season this year you wanna be ready you want to expand your business leader bank has capital to lend out. And we're gonna talk about what they're doing and what they're making available to consumers paid OJ. Great very thanks for having me absolutely SBA loans and small business and Nina is certainly a topic of -- discussion right now right what can use the money for you can use really for any business need dad will help your business expand new trucks improve new trucks view about kitchen equipment remodeling re modeling you know expanding. Into new office computers computers servers whatever may be CUNY uses a line of credit sure his fourth and those rainy day but it they could do lack credit yeah absolutely and we find a lot of professional services firm. They won't have a line of credit because maybe lowering went sure. Manage cash flow payroll etc. so. Well we're offering these a special rate now at three point 99%. Fixed rate for four years there's no closing costs with loans of 250000. Dollars could you minimum credit score of 700 from an application process is a very quake we will give you a response within ten days from complete app outstanding and we've had a lot of success with it and most importantly we've got a lot of small businesses employ more people and grow their business. Good deal. Folks if you're interested leader bank has ESP a term loan and it has an interest rate on three point 99% it picks for four years and it's for your hammer to station beat minimum credit score is 700 in order to call I call leader bank at 8776917900. That's 877. 6917900. You can go to their website which is leader bank dot com but it's easier just call and talk to a human being 8776917900. Words from Dario. Low I'm sorry Jean Armstrong. Is the financial exchange radio network and. Contrary to popular belief BMW does not sing it stands for break my window which stands for. Bavarian motor works and Tom from Bennington Vermont had the correct answer there he is taking home eight travel mode today. Moving over to do stock talk we are joined by David Peltier from the street and Dave I appreciate it joining us I guess it you're on the West Coast here today correct. I've yet not been an ignorant by the the well early yet. Have no problems though let's talk here about Abby first and board those people who aren't familiar with them. Obviously can you talk a little bit about there original relationship that they had with Abbott labs and how this company even came it came to be a couple of years ago. It and Patrick are doubt about it a year ago so I'll. I have that number by Lilly might not yeah how's he even out of 100 billion dollar. And and when you look at it what types of products do they really specialize in the at this point what's their core focus. But they're several they're drug that. There. There's their ability to all right book but brilliant. What they're doubt what. Are they are and here or there but really. But it is better I Earl Clark broke a I. In terms of the valuation here they're trading right now about 37 times earnings. We're a bit of a steep price their compared to some of their competitors how do you think they can justify that valuation at this point. I think the main thing ears. Out there are a lot of these are great together and frankly the lack a lot of the other boats were buried by. But it end there that are born and value. That there's a momentum. I think to make it active buyer. We matured value here and and let's take a look at a company that. By just about any metric has a pretty low valuation right now that's Valero Energy which is Britain trading incredibly cheaply at this point. And I know a lot of people have been a little nervous to get in the energy and this is one of the few energy stocks it's actually performed well this year still. What exactly is the catalyst for them to move higher now. Yet Valero is we're really going at. All the refiners are part. Well right out even though I Wear you'll be. I or that he but I can guarantee you they are yes I. If so they're making that they're they're making art and it is broken. Eight and it got another appeal we tolerate that dividend getting over. You'll probably get an. You're out of the duck but wrote the let me. Is this. Type company that could potentially be an acquisition candidates sitting there a market cap of about thirty billion dollars to any of the super majors come in and picked them up popped their opportunistic here. Both ironic because a lot of that is currently there were. You are parent and oil we had to cut the dividend. But now their tiny bit and I think if anything that any consolidation in the industry but Larry it was a fire. Very good well David I appreciate your time and certainly appreciate your info on both these stocks as well. David Peltier from the street detectors on both of those if you do want to look him up yourself Abbie has the ticker ABB V. Valero the ticker BLO. And we did see a lot of the especially in the refining segment right there they're making money if you look at energy companies. You know he used you look at a price of oil it's down 50% in the very short period time yup and there are some losers there absolutely and the energy trade lot of money's been lost in the last fourteen months death however. Some of these companies are making money. And you have to believe there's going to be a lot of them and they act that activity during the next 36 months. Yet refiners tend to be the guys that are profitable during a time like this when you have an oversupply situation. You've got all these guys trying to get their oil inning getting out processed as quickly as possible and that's where you do tend to see some of these refiners actually making decent people who aren't squawking because they are paid to sixty gallon in the summer in the same. The schism bargain compared to this after those exact sixty fact of the matter is. You know who literally pay now to ten to twenty gallons I'm to a three in my house maybe shop around Ray Price you know the last but. I mean when you look at how much oil has come down in price one could argue that you know gap should be sold for a dollar sixty dollars seventy. It's not a lot of refineries are making a ton of money tree yeah I think you could definitely make the argument that oil probably could be anywhere between fifteen and 25 cents cheaper and you may actually see that happen over the next six months or so as we get into a little better balance between supply and demand here you know. You know what I I'm trying to figure out words to see this stalker maybe make a notice. We we need to get the bottom what's going on with gold EU we've seen a pretty dramatic decrease in the price of gold I've got the handle on gold now. 1123. And now struck and we sought within the last week I'm missing gold was Lebanese. Hey maybe I might maybe my memory is as the dollar moved the lot. Taking a look here last couple weeks the dollar has strengthened by about 3% that makes up some of that now that definitely picks up some of film interest rates or operate the ten year treasuries at 220. In the euro's at 109. Independent by some heroes. Downey that what's interesting now and this is it just an interest in correlation if anyone's home just looking at charts if they enjoy looking at. Pope a chart of the relationship between the US dollar and the Japanese yen and put that right next to the S&P 500 because in the last twelve months that's actually shown pretty tight correlation does and it I think would be interesting just for people to take a look at. It's not something that has always held up well but in you know you look at it. Ian you know recent years the last year two it's been pretty pretty strong there and I think that would be interesting just for people to take a look at if you're interested. In these types of foreign exchange. We also need to take a look at oil prices of some movement there thanks for tuning in to this hour of the financial exchange truck exotic and very Armstrong at your service. Check us out on FaceBook or producing the show from the insurer match dot constant. You may know that advance the state planning has many benefits including avoiding probate keeping your assets in your bloodline and protection from the nursing home and even future divorces but did you know that you might be able to eliminate your state taxes each week Todd let's -- partner with the law firm of Cushing in Dolan educates his listeners on the legal exchange by telling them how to protect their assets is written a new guy that will show you how to increase your beneficiaries inheritance by decreasing your state Texas in some cases you can even eliminate your state Texas politics is a little advance the -- planning the elder law experts at -- -- Dolan have been helping families like yours for more than thirty years let them help you to call the request their new guide asset protection strategies to reduce or eliminate estate taxes 8668485699. The call is free and so is the guy at 8668485699. That number again is 8668485699. Mortgage rates are still at an all time low and it makes sense to take advantage of these rates would 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 their experienced staff about mortgage financing options and get a very competitive -- term fixed rate for your home whether refinancing or buying a new home work with leader bank calling 776917. -- 900 or visit leader bank dot com leader bank went over one billion dollars last year to homeowners in the Commonwealth of Massachusetts they're the true experts in mortgage financing deal with a local bank today and call 8776917900. Or email us and loans at leader bank dot com visit leader bank for all your home buying -- refinancing needs 8776917900. That's 8776917908776917900. Or visit leader -- dot com member of Jesse equal housing lender. Did you know that solar system on your roof is cheaper than continuing to buy power from the utility Boston Sorkin show you how to unlock the financial power in your home or business by harnessing the natural power of the sun Boston solar is the number one rated residential solar company in Massachusetts and a leader in providing affordable energy solutions to homeowners throughout New England with constantly rising electric rates Boston solar empower you to take control of your utility bills and increase your energy independence call 8559799446. Today to receive a free solar analysis of your home and learn how you can start generating positive cash flow now that 8559799446. Boston solar can work with you to maximize solar incentive income and all federal and state tax credit Boston solar Smart sustainable saving you money call Boston solar today for your free solar analysis 855 not day. What do you receding for rate of return on your savings account my guesses it's not very much. Leader bank has a new innovative program called Zuma is of more rewards account in Jake to Lee vice president of leader bank is here to tell us all about it. So this is a product we're very excited about these calls that rewards you get it checked keen accounting companion savings account. It's really simple as long as you've qualified by doing three behaviors you get three benefits the primary benefit is you get a savings rate of 2.0 5%. Your first 50000 hours in addition get all your ATM fees that your charged other banks even if you're in Hawaii exactly reimbursed and finally you get 1% cash back on using your debit card on visa credit purchases so there's a lot of benefits into qualifies pretty simple he needs time for you statements oh save a little money on postage and paper. Have direct deposit of at least 500 dollars a month okay and do a debit transactions per month while. So essentially as long as the use of like a real account you're gonna qualified and the rewards are outstanding speed and a lot of success with dead in a lot of happy customers now right. It pace two point 05%. Annual percentage yield on bounces up to 50000 dollars. The phone number to learn more about the Zuma rewards account is 8776917900. And as a matter of fact if you go to leader bank dot com they have a full description on how this program works as tell you little seeker can open the count on line. 8776917. B 900 to earn two point 05%. Annual percentage yield on your resume book rewards account. Available exclusively. From leader bank 8776917. B 900. Leader bank dot com or call them to all free 8776917900. Hi I'm Joan Lunden and appear worried about your parent Carol Loveland living alone like I was. And you want reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing homes. Even important financial information. They had obviously researched every place not just given me names. They found me 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 the way. I can't thank them and stuff. Are struggling to find reliable senior living information call plays for mom. This is a free service and you can trust them to help 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 pay 804677530. 804677530. Pat Boone here with a word about banks' safety you think your money in the bank is safe. Don't bank on it a generation ago bank account felt secure and they paid interest this encourage the virtue of thrift. Saving but today. Bank accounts paid virtually nothing and 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 who he hit yes. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on it. Still think you're bank deposits are safe. Yet this vital new white paper now. Call toll free 8051960. To 71 that's 8051960. To 71 hi this is very Armstrong and if you own rental property you're gonna wanna hear about this exclusive program offered by -- bank it's called -- rent and it's designed specifically to help landlord to receive and deposit their rent checks electronically as opposed to having to wait for the mail call leader bank right now if you're interested in -- ranked the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and we'll help you avoid the hassle of waiting to get a check many landlords are suggesting that -- sign up for -- and upon the execution of their -- and why wouldn't you wanna do that once it's set -- you never have to make another change during the lease period that he -- -- -- free service if you have an account with -- bank and if not it will simply cost -- small monthly -- -- -- bank right now at 8776917900. That's 8776917900. Or go to -- red dot com for more information member FDIC. The financial exchanges brought to you by Hartford funds where they believe in human centric investing because no matter how far technology advances investors will always be humans first. Yeah. This is the fundamentally change we've Barry Armstrong. From Wall Street and 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 and now broadcasting live from the insurer mentioned John John studios it's the financial exchange with your host. Barry Armstrong. Hi everybody welcomed the financial exchange various truck with you here on Tuesday with a Dow's up fifty points and all I can tell is the trend is your friend July August and September. The trend wasn't our friend markets go down for those three months and they kind of bottomed out at the end of September October darn good month November getting off to pretty good start as well. Yet good start here to November Dow is moving up everything else pretty much sitting around at this point pretty much not a whole lot of movement there. When you look at it sector by sector basis. Biggest beneficiary today's energy a lot of the big energy companies are moving up while you do have some other areas such as utilities and telecoms that are lagging a bit. At this point. Right now let's take a look at it. They reported last night the year he had a very good earnings announcement. But their stock is down six point 3%. Yeah it was good earnings announcement the downside though. Is they came out and said they were going to be issuing an additional seven million shares largely to help fund some continuing operations and continue to expand their business and as a result. Stocks down about 6% today and this I think speaks to the fact that look you're clearly deluding the shares are adding an additional about 3% float. When you make this move here and also you do have some insiders that are going to be selling shares as well which is not necessarily the best sign. Four company as well with certain shareholders proposing to self fourteen million shares I just wonder if there's part of me that looks of this company and says. The next go pro. I think that's accurate I'd I don't think that there is a huge barrier to entry in this market I don't eat apple could eat their lunch anytime they want and the other thing is. How often you have to opera like what it's not the type of thing that I think no recurring army you know you don't upgraded every two years in the second fit it comes out and says okay we're gonna make you pay 1015 dollars a month in order subscribe to our premium service Apple's gonna come and say. Well look we don't need it recognized by an apple watchable never charge you on it so I think it's that type of business that right now. It's it's it's making some money but I just I have doubts about the longevity much like you do I completely agree. As to why are 868680. Is our text number. Here's your first trivia question of the hour. How old is Ben Carson of course doctor Ben Carson running for president of the United States. We wanna know how old the at least one adult you know held and Carson is. Our text number 68681. Listener of the correct answer wins a prize Amazon.com. The way I don't think you show goes by where we don't talk about the company. This I'll tell you what. They are. There that there are a leader and with the electric company or not you have to like what they're doing. And what they are doing is they are adding. Up to six weeks of paid paternity leave not maternity leave but for fathers up to six weeks of paid paternity leave. As well as extending paid time off for mothers who. When he weeks as so I mean and and if you were called we reported back in June and July. Amazon. Was being accused by several media publications. About abusing and mistreating their workers in the big issue was. The win when you left your shift in Amazon and you clock out. And then you have to wait in line for thirty minutes to go through security. Into it to court on that and they won. But it discourage a lot of workers got remember a lot of these workers at Amazon and warehouse or make it 1214 bucks an hour yup and you know they'd work their eight hour shift and their running. May I mean if you're working in an Amazon warehouse. Yeah it's a it's not easy war it's a physical difficult job. And and the demands are high so at the end of the shift you have to wait half an hour they took a lot of heat Jeff phase of the CEO said I need to fix the environment here. The what I like is. This parental leave program that they're doing twenty weeks for bother. If you think about adding in your vacation time your personal days yet again about six months off after after having child. And they're the first major company that I can think of doing this and they're doing for the rank and file and. And let me tele Baer you've been talking a lot about millennial reluctant to don't have kids tell you what if you get a paid paternity leave here I'd be competent outlet and rightly if you're glad you're just flying around here all over the place. Maybe we'll have to if it does he think about if I can have eighty year I pretty much get the whole year off yeah. That's a lot of that's my goal eighty here unity. A raft of what the limitations on that program for you to know enough. We're go or go straight to the top here on the I'm not gonna work a day in my life boats are Stockton the Stockton. Stock is pretty much flat on the news today it's sitting odds that sixth when he too down about a little more than half percent right now. It just the dynamic company is the more I look at this company the more like Amazon.com. Small business loans he ought to be the next Amazon. Dot com need to find yourself a small business lender. When I recommend is leader bank and their offering Small Business Administration term loans at three point 99%. That's a fixed rate. For four year period of time and you pay the money back over four year period time to four year amortization. 150000. Dollars yet them by a score at least 700 dollar and you have to have a deposit account at leader bank. I will tell you because I've gone through this process myself. There are no closing costs when you do one of these SBA loans. At leader bank I got one and you might want him a call their phone number 8776917. B 900 their my favor bank make them your favorite 877. 6917900. Get more information on their website its leader bank dot com where he just call them told free. 8776917900. I've got good news for you guys what's that was the last time anybody offered you free food arrest. Freak. Not. For awhile now. You know what I do my research at night in early two and research finding out where people can get free food and this Thursday. Taco Bell and Iman is giving out free food done. I'll tell you to talk about a deal they're giving away free food the reason. Is because they promised to give away this free food if the base was stolen during the first or second game of the World Series which I didn't even know was going on. That he didn't they thought if we told chuck that there is a game tonight he would have believed probably. But it's so Jamie I know honestly so I woke up this morning and I thought the series was three to two. They act that's how out of touch I am on baseball right now I thought this series was the read it to. But Taco Bell is gonna be giving away the goddess and formed an idol war like and I know more about sports then and that being the dynasty uses horse and his dog. Drafting line right. The the way I know more about what's going on baseball so you really follow that a time out I'm out in a bad bad place there. But you're going to be able to get at 3 AM crunch wrap there which let me tell you those are very good if you never had one never had one they're quite good they're not quite up to the cheesy Gordy to crunch which is my favorite launch item Taco Bell. Geez according to the outstanding one per customer. Yeah you are limited to one per customer talk about has done this in the past actually. Most famously with Jacoby Ellsbury back in 2007. During the two during via 2007 World Series and they actually gave him the nickname to Kobe shells very well during that time. Just because he won ever won a free taco. It now well you have to go to any Taco Bell store this Thursday November 5 at 7 AM to 11 AM. That's a pentagon. For free food free food artery here though. And now we're talking on you have like a lack you can pick it up for you I don't now I don't even know it is a close talk about I don't either Walt them. That's uncles no fifteen minutes quote talk about. Hey coming up we're going to be he had joined by rob hunter robbed as the CEO of higher amigos is a startup company. And it's got some unique technology that robs them tell us about. If you're a business owner going to be of interest to you and if you're looking for a job in will be of interest to you rob hunter CEO of irony. Joins us next on the financial exchange from the insurer match dot com studios. Financial news business news and what did you all right here on the financial exchange with Ari Armstrong on financially and radio network. Interest rates remain stubbornly low and I'm not sure when they're going up on top of that not everybody wants to invest in the stock market hi this is very Armstrong and just talking to my friend how we about the stock market and he refuses to consider buying stocks how he's conservative and he only wants investments are safe and guaranteed that got me thinking and I found a three year guaranteed annuity that yields one point 95%. Per year for three years there are many types of annuities and some people think you have to type your money for ten years not true in this instance three years at one point 95% and then you're out with no surrender charges if you'd like to earn one point 95%. Per year guaranteed for three years call our office at 803934001. That number is 803934001. This is the best rate that I've been able to find so called now toll free 803934001. Principal and interest guaranteed as long as you hold your contract troubling for the guarantee period guarantees are backed by the claims paying ability of the insurance company. Did you know that solar system on your roof is among the most meaningful investments you can making your home Boston solar can show you how to unlock the financial power in your home or business by harnessing the natural power of the sun Austin solar is the number one rated residential solar company in Massachusetts and a leader in providing affordable energy solutions to homeowners throughout New England. With constantly rising electric rates Boston's or empowers you to take control of your utility bills and increase your energy independence call 8559799446. Today to receive a free solar analysis of your home and learn how you can start generating positive cash flow now that's 85597994. Or six Boston solar can work with you to maximize solar incentive income and all federal and state tax credits Boston solar Smart sustainable saving you money call Boston solar today for your free solar analysis 8559799446. That number 8559799446. Mortgage rates are still at an all time low makes sense to take advantage of these rates when you're refinancing or buying in the world leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive -- -- their experience -- about mortgage financing options and get a very competitive -- term fixed -- your home whether refinancing or buying a new home work with leader bank calling 776917900. Or -- leader -- dot -- leader bank -- over one billion dollars last year to homeowners in the Commonwealth of Massachusetts they're the true experts in mortgage -- deal with a local bank today and call 8776917900. Or email -- loans -- leader -- don't come visit leader banks were all your home buying your refinancing needs. 8776917. B 908776917908776917. B 900 or visit leader bank dot com member C equal housing lender. You may know that advance the state planning has many benefits including avoiding probate keeping your assets in your bloodline and protection from the nursing home and even future divorces but did you know that you might be able to eliminate your state taxes each week Todd let's -- partner with the law firm of Cushing in Dolan educates his listeners on the legal exchange by telling them how to protect their assets he has written a new guy that -- -- -- -- -- increase your beneficiaries inheritance by decreasing your state taxes in some cases you can even eliminate your state Texas politics is a little advance the state planning the elder law experts attrition in Dolan have been helping families like yours for more than thirty years let them help you to call to request their new guide asset protection strategies to reduce or eliminate the state Texas 8668485699. The call is free and so is the -- 8668485699. That number again is 8668485699. And you have to learn how they always work together. Financially you're on the financial exchange ratio there. We're joined now by. Mr. rob hunter who's the CEO of hire me that HI GH ER. And it's a Boston start up that is changing how businesses. Hire part time employees how you doing wrong doing well thanks glad to talked about this now I went on the site this morning and trying to determine. How is hire me. Difference aid in pattern Linkedin career builders monster.com. Absolutely with the army focused. Retail and hospitality. Specifically fine. Part time and full time employees for those kinds of high turn over hold GO Macy's pop machine knows there's is one of our clients theory lululemon clients like that we're in particular positions it a resonate doesn't necessarily tell you much about the type for it there's there's more information specific to those kinds. Of how the bit about your background and how that's helped you kind of build this company and know what those types of employers are looking absolutely so you know I've never had full time permanent jobs in my life ironically. And lots of different on aerial things and the commerce venture high school. Owns an investment properties and now my undergraduate days that sent. Might big life experience so far has been the owner of seven ice cream store that was much in my twenties and a seven marble slab ice cream stores and I love to tell the story my first employees Kendra Chandra showed up at my store. He handed me you know paper copy of terrorism. And I was at the store when Kendra drop off. But the resonating was not so you know that's spelling bad grammar no experience Auburn baby sitting up all babysitting wrong. But just a wonderful wonderful personality and she also lived next or she can work until 11 o'clock. Entry level entry level positions so she was exactly what I was looking for and I never would have known it just resonate so. Really the goal of hire me is to help people like Kendra finding opportunities that fit for them. And help employers identified candor is buried in net beats that resonates with. So how does it differ is like what what makes it better screening tool. If I am running a Lulu lemon store and I need to hire somebody does that's what we're hearing Carol you're hearing out there in the marketplace but chuck and I did a story yesterday where. Retailers are reporting they're having great difficulty. Filling positions leading up to the Christmas rush. You know one reason I think they might happen that challenge is that a lot of the software that's out there to screen applicants to have them apply and and go through short assessment. But some of these older kind of point your systems that he can't access from mobile device. How far traffic actually comes from workers that are looking for jobs from their mobile phone especially somebody's hourly roles where it is being millennial population that is used to doing ever turning on their benchmark also. First once he won differentiator for us is that we really do focus on making it is dead simple as possible from the mobile device. But in addition to that you know there are lots and lots of jobs ports that are out there. Separate from the job boards after I post career builder monster he's list you know what's funny with Craigslist Craigslist actually does half a billion dollars with of these 500 million dollars hourly job postings are for year crazy people people don't realize but after you have to me Craig's list to advertise anywhere anywhere from 25% to five dollars now I'm an employer and let the give us some your clients again canceled soap opera geno is one of our clients and Berry lemon myself on the pop a gene knows franchise owner yup. Do you like pay a fee to hire dot com yes you do anywhere from fifty to a few hundred dollars per month per individual retail location. In the and I give an endless supply. A potential higher res you'd do and we also screen them for you think that's maybe the main point here is that we're not because you screens. So it's kind of like online dating actually where we are asking them specific questions. Based on criteria they employers tells it's important sometimes practical things like winner of the available at a very granular hour by hour basis. As well as specific experiences that they have we also test for personality a little bit and ultimately present Iran ranked list of candidate matches each with its score so how much time does this seem the employees on average per location we find that they can save about five to ten hours just in terms of their managers time people realize a lot of these places don't necessarily have like an HR department further hourly workers it's. The manager at the restaurant and I. It's funny you use this is a line but I literally have this happen visiting them. Prepping their salads and I I went to go visit someone literally had five garden salads out in front of him as he was using our software out. Will select candidates do a short video as well as part of their application. Cutting and help. It really doesn't it's it's self selecting an away in the it if you're not willing to take thirty seconds to do a short video com maybe you're not necessarily the best for the the due date edit the video link you went to post it can you go back and change you can yet it's it's totally get there not not why it's it's completely at their discretion to. Do it but it's gonna help that the first thirty seconds relieves useful determining whether some. Now is this just in the Boston area right now or are you planning to be expanding to other cities what's the what's the plan at this point one of the nice things forest is that because of how we set everything up. You know Boston's certainly is focus for a lot of clients here. But really when you post on higher we're able to take your posting in. Basically spit it out across the snow here in lots of different places all that to say we go to number clients outside. A Florida and injures. Number orders the officer is focused you raising money now to definitely tuned you know pursue your endeavor I think I think the SEC does rule I'm allowed to talk about. That public art. We've raised about a half a million dollars we yeah we took part in something called one commentator on the West Coast now. It's where on air B&B Dropbox. Bombs strike against the cart somebody's. In unicorn billion dollar companies came from so we're very proud to be associated with them. And it's been really useful in terms of higher natural stuff and how many folks do you work in to hire me that team's six right now we are actively looking for some more sales reps idea money at a sales Kevin dies is excellent his job but. Is overloaded with lead so we're trying to get him some help to start attacking. So I NC if if I'm listening to the show renowned yeah saying hey I'd I'd like to. Get a job for I need a new part time job yup I'm a mean school and I needed to hire me dot com yup I had my Smartphone with me yup right. When else would you so there's just a very quick profile that you fill out now all of its optional but allows us know exactly what you look for in I don't have to fill Aaron that risen no no no resonate focused on. What kind of position looking for we continue work he you have the option in the view is while and then the let access all the jobs and our system and will be emailing your relief that new jobs that Fitzpatrick here you were looking for seekers you know what kind of compensation. These companies. Mentioned number of them. The minimum wage jobs and it's all over the map I would say our focus is on an hourly workers so. In a someone making fifteen to eighteen dollars an hour on seems to become a bar are sweet spot and it's it's up and down depending on the type job and off in the geography as well Tom. But the hourly workers into BR sweet spots so how are you guys different from zipper. Zip recruit so I think. Compared as a broker for the ball very porous on oh that's right they're doing all sorts of different we have we have put a pretty strict line in the sand around retail round hospitality. Really taking that step of what happens after you get the candidate not to figure out and hire and by presenting this rank list and calculating the score. Sitting with the employer for sign them up and actually at the hands on. Ought to come up with this custom assessment this custom application. Really does help save a lot more time just dumping people on. That was my problem frankly was that I had a hundred resonates lined up on the shelf at any given point in time. It was the the going through them that was that was the times and that this is what's a few times higher seeds it's not exactly so what's your next step with with with your next step in this venture you know I think for us it's continuing to build up the team we've got a bunch of greats team members at this point but building or engineering team is very useful. Challenging to find software engineers was it it's a tough it's a tough role to fill the unemployment in that. Sector has not exist on exist and a lot of competition it exactly but so you know I think with us. It's exciting to be growing quickly Agassi it's they would want six months ago about 500 different locations on the platform at this point. I like. I like being involved in stuff that girls quickly that was one challenge that they had with the ice cream industry. You know spinal les await a few months old now wait a few months at the very slowly oh but wanting a little technologies is the rapid pace the. Good luck in the next few months sounds exciting me it couldn't endeavor and and your timing is probably. Very good given that employers are in a situation where it's tough to find work. Absolutely especially I would say in certain in geographic areas you know. Downtown Boston if you wanna hire a line cook there it's it's tough feat just posted on Craigslist odds are you're not gonna find some eggs and those are guys that may not have arisen exactly exactly but. Need a better way to standout then just just that potential resonant it would put together so we really trying to help them do that. Very good very good thank you very much for joining us today on the financial exchange that's rob hunter. He's the CEO and founder of hire me dot com coming up chuck we're going to be talking about the trans Canada. Suspension. Of its permit for the Keystone Pipeline nukes you expected this you anticipated this months ago. That even if they could get the permit to build the pipeline that they would they would reject its already talk about why TransCanada is doing that. And we'll take a look at the markets the Dow right now up 58 point. The S&P is flat at about 2103. And you're listening to the financial exchange from the insurer match dot com studios. You've got a barrier and stronger financial exchange. I shall look financial exchange radio network. Mortgage rates are still at an all time low and make sense to take advantage of these rates when -- refinancing or buying in the moment leader bank is a local bank that is one of the largest mortgage lenders -- New England with very competitive rates -- they're experienced about mortgage financing options and get a very competitive -- term fixed -- for your home whether refinancing or buying a new -- work with -- bank calling 776917900. Or -- leader -- dot com leader bank went over one billion dollars last year to homeowners in the Commonwealth of Massachusetts there's a true experts -- mortgage -- deal with the local bank today and call 8776917900. Or email and loans -- leader bank dot com -- leader -- for all your home buying a refinancing -- 8776917. -- 900 that's 8776917908776917900. Or -- -- -- dot com -- -- equal housing -- Our Armstrong here and I'm joined today by estate planning attorney Todd let's ski. From the law firm Cushing and dole and with your legal exchange quick tip of the day product got a tie the average person that I talked to anyway does not know whether their trust documents are right or wrong. They need to rely on an attorney when you're looking what if one of our listeners is looking for an estate planning attorney to do advance planning. Which should they look for in terms of education and the structure. You know and that's really great question because we're talking about drafting these documents and making sure their right moon where you began you begin by picking the lawyer that you know can do this so it's not always easy but let me give you liked portable. The you can look for they should have an oil oil and then tax that's a masters and legal letters in taxation you'll see that right on the part of their law degree. Right on top of that law degree an annual find that folks right on their cart you should always ask for a flat fee or ask how much is gonna cost and it better be a flat feet right now because otherwise they can just run up the clock run up the meter and boy can cost an awful lot of money you leave they are more worried about what cost than otherwise and you knew where I got questions your your frequent calls AG what does this cap via what is this. Mean yeah yeah exactly exactly. And an hour also asked them for how often do you much of your time do you spend in this field in the answer folks should be 100%. Of the time. This is all they should do. And lastly make sure when you leave the explanation you got was clear you don't leave walking out of there wondering more about what you know more confusing when you came. That's the deal. Good advice make sure they are an expert make sure it's all they do they play call Cushing handle now. 8668485699. There are offering a new guide that will provide you with the drafting tips for your Medicaid income trust. 8668485699. Is the number to dial. That's cool free. 8668485699. Interest rates remain stubbornly low and I'm not sure when they're going up on top of that not everybody wants to invest in the stock market hi this is very Armstrong and just talking to my friend how we about the stock market and he refuses to consider buying stocks how he's conservative and he only wants investments are safe and guaranteed that got mead thinking and I found a three year guaranteed annuity that yields one point 95%. Per year for three years there are many types of annuities and some people think you have to type your money for ten years not true in this instance three years at one point 95%. And then you're out with no surrender charges if you'd like to earn one point 95%. Per year guaranteed for three years call our office at 803934001. That number is 803934001. This is the best rate that I've been able to find so called now toll free 803934001. Principal and interest guaranteed as long as you hold your contract troubling for the guarantee period guarantees are backed by the claims paying ability of the insurance company. Hi this is very strong in if you own rental property you're gonna wanna hear about this inclusive program offered by -- bank it's called -- rent and it's designed specifically to help landlords -- and deposit their rent checks electronically as opposed to having to wait for the mail call leader bank right now if you're interested in -- -- the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and will help you avoid the hassle of waiting to get it checked many landlords are suggesting that -- sign up for -- -- upon the execution of their -- and why wouldn't you wanna do that once it's set up you never have to make another change during the -- period that he -- -- -- free service if you have an account with -- bank and if not it will simply cost too small monthly -- -- leader bank right now at 87769178900. That's 8776917900. Or go to -- red dot com for more information member FDIC. We knew that trouble breathing although financial publications. And for a financially any on the Clinton and lick your usual radio network. Four when three reminding these tests were financial numbers are reported today and I'll tell you Chuck Hayes and earlier thoughts are on the car company that. I test was in for a rough road you take a look at that Chevy Volt. You can buy worship evils for the price of the Tesla night alias Ali knows the gigabyte or two when. That is 33000 vessels eighty. Now test that was not the house. Should I go to test of that guy has I have to build the one I want it was about us is the one that you want to and I built the Chevy Volt that I wanted to lose 33. Tesla but they're not a terrible colors and only get you if you guys have to bear with. Just I want you open your mind and it's hard these guys who you young English in ways that we'll open your minds just a little bit and just go take went for tester. That's all I ask in take an hour or Tesla but they're not that. I don't know I don't terrible cars and do now what is all electric one is not I think I think what is needed one is not. A dead about saint sides don't you tell me the other day that the the ball was about that was smaller than your previous. Note the the inside the news is small let's say that they're not the same surprise. One has a significant amount of luxury associated with that when he Chevy Volt is very luxuries is yet I ended up can't you gotta look at. These guys over the top you baffled though he and senior researcher talking at a school we haven't done your homework do your homework. You will be admonished not to give a soapbox we can put over the I need my argument would make that happen again that may accuracy. A trivia question for you. On this day in history the order was given by the Japanese government to bomb Pearl Harbor. On which day. Did Pearl Harbor actually occur which they did the bombing of Pearl Harbor actually occur. 68680. Is our text number on this day in history the order was given by the Japanese government to bomb Pearl Harbor on which day. Did the bombing actually occur right let's talk about the TransCanada. Pipeline yet. They want it to basically build a pipeline from. Alberta. To Nebraska. Yes and it's been an application process for how many years. I wanna say eight announced the new goes back like 07 era of six and maybe maybe even nine years here. And what they have done actually is TransCanada has suspended their permit for the keystone XL pipeline. Couple different reasons from this one being that they are seeking an alternate route and a different permit actually but beyond that we have talked to I think it was last week the week before. About Royal Dutch Shell suspending one of their operations in the oil sands in Canada. And specifically with that they were pretty much going to be bring about 80000 barrels a day off line from that oil sands project taking a two billion dollar write down. In order to do so and when you look at the TransCanada keystone XL pipeline. It's supposed to be bringing that very exact that exact oilsands. Oil down into the United States. And that's the type of oil that at the cost that we see energy prices that right now simply is not efficient from a cost per spec right. And don't know finance. And that's why I think I would. By the stocks if they issued stock wouldn't buy the stocks and they trying to sell bonds that would buy the bonds because they've got a need. And it's a seventy to eighty dollar per barrel oil. We'll be when the application was initially filed for the keystone XL. Oils and a 150 dollars to bail out I was looking up to actually back in awaits a word that's seven years since the application was filed you just don't have the cost competitiveness. When oil's down at fifty dollars a barrel a lot of that oil sands oil. Is as you mentioned in that 708090. Dollar a barrel range we're not gonna produce it it's it's not killing device from and it's not like a well it's just get it's going to be there forever and I always go out into it later you get from South America a gift from the Middle East lot cheaper. He yeah lot cheaper to put it in a barge and ship it there it is to build pipe exactly and and so. I think that unless you see oil spike back up into that under 250 dollar range and you can see despite its pipelines get built. Not because of Washington necessarily but just because it doesn't make sense for the companies at this point to be built. Yes remember what records are he or she record by Harry records you have record a record player in records no kidding Nokia targets and vinyl. Yeah gets Fleetwood Mac riders why don't we why would you guys have record is better sound. Let's that are sound then it's not compressed it's it's cleaner it's it's better sound well how about a bill. I don't have any Adele records and east kill and she is it absolutely. And I I I think she's fat fabulous artist I'd look at who was here I haven't heard her new song now is a good haven't that in the old one is that. She's had some great hits yet. She's really talented I think that she's a little too Debbie downer after for myself. Them down she is she's as owner little depressed it's it's it's I tell to you you never really get excited listening to her it's always kind of you know you kind of makes me want to cry makes me get emotional and things like that on a dark place I don't like to show that in public that's why that's why don't really go in that direction but Adele. As a massive following and here we have. A new record that she actually broke here she sold over one million US downloads of her new single last week that's never been done before. She is also projected. When her new CD comes out on November 20. Sales projections are anywhere between one in two millions. Sales. In that first week at a put this and personality does. Nobody does this anymore. Taylor Swift doesn't Scott Taylor Swift did Anna Taylor Swift did go over a million but I think that was the first million sale release week. In like three or four years I'll have to go back and pull up the odd the biggest released in like the last ten years. Really no wind does any more simply because people are going out to stores and buying CD's it's very difficult to sell a full CDT's. Everything's always it's it's about the single now. And that's the direction that music is gone and so to be able to sell. Anywhere between a million in two million full CDs in that first week and I say CDs with full albums since most of its gonna be on line. That is a massive number and that's something does not happen for it anymore believe Taylor Swift is only one I think the last six or seven years now to do. Terry they you know there's say handy start in this truck is that you written your name written all over. It's. It's it operates in 28 cities. And it's a start up it's an apple can put on your Boehner companies can call. And they will send somebody to clean. Your home when you well when you say this is something has my name all over is it so I can get my home clean to select go to work for them they'll see home so not so I can be cleaner and delegates you know PE UI I think I'm guessing. That both of you young man. Could use somebody in your lives that would come back to your house increased four let me tell you girlfriend was away a couple weeks ago for the weekend what was done over that weekend laundry. Bathrooms kitchen. Dishwasher. I think that's about it at that experience we do now higher handy. I don't consider it and this it's an interesting idea but I think did the problem that I see is there's been a couple companies that have gone into this space and got out of laziness. Am into this is more were a review service which people in touch with other you know Palmer's contractors electricians like this deal is basically you can. Go in they'll send somebody over to clean your house or do chores around the house. I guess the one thing I wonder about his most people who are looking for a clear they are they hurting no one they already have one how does this represented advantage over simply calling that person. And getting them to come in when you need them may be new the area or maybe you or it may be your doing this on behalf of your mom who's in another city. Are you trying to get somebody help grow the other thing that I find in and look this is a company that valued at 500 million dollar so it's entirely possible that I have no idea what I'm talking about and I'm wrong here. I also would imagine that this would be significantly more expensive then hiring irregular cleaner. Now just I I would imagine there's some in order for them to make money they have to take a cut and you know add fees on top of that when they charge seventy dollars is the average ticket to have some chores done around the house and then. The company. Keeps 20% of that fourteen dollars on the average ticket so that's that's the and and that's why I think I mean I can go out especially for my place I've got to think it's about 12100 square feet probably a that clean for fifty or sixty bucks why would I pay the extra twenty dollars. For or something like this so. Again the companies got worries about it's it's got to value of about 500 million so I could be completely wrong about this I don't know but it doesn't strike me as providing the same value that some of the other things that we've talked about him and would you know I'm lazy. You know that I will pay to have stuff brought in to my house and figuring out on the shopping. You know he doesn't wanna buy gasoline. He doesn't wanna go to the ball was the other things you wanna do it because you're talking about things it would be delivered threw gasoline on food delivered. Groceries and others another that we found any job and it escapes me I whatever thing delivered to me but this is one thing that and again I am the epitome of laziness when I'm at home. This is not something that I think really fit for me. All right up next we're gonna talk to our friend Betsy McKay from the Wall Street Journal. The death rate is rising for my peer group middle aged white. People are dying at a much more rapid rate than expected why is that happening in I don't know it's a story in today's Wall Street Journal. The death rate is rising for middle aged whites will talk about why that is occurring next on the financial exchange from the insurer matched dot com studio. You radio that can enrich your life and help your record we'll grow its financial exchange with Barry Armstrong on the financial exchange radio never. Work Smart investors are already doing their year end tax planning because they know then on January 1 it's too late to do much about their 2015 tax liability hi this is very Armstrong and here's a tip wait to sell that winning stock until you held for twelve months it could reduce your tax bill from 43%. All the way down to 15%. Wants another idea think about making non charitable gifts to family members right now you can get up to 141000. Dollars this year without having to report it to the Internal Revenue Service the Smart money is always on trying to lower your tax liability and we have a free report that is chock full of year end tax planning tips 8039340. Toll free 8039340. 01 securities offers you securities America incorporated member can rest IPC and advisory services or the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a tax professional familiar with the laws in your state. This is very Armstrong and I'd like to talk to you today about SBA -- if you're small business looking to expand or improve your infrastructure you need to take advantage of this great deal from leader bank limited time your business can get an SBA loan a three point 99% annual percentage rate with no closing cost loans up to a 150000. Dollars and that rate is locked in for four years you need to have a credit rating of 700 and they'll give you an answer within ten days of receiving your completed application lending season this year and leader bank has the capital to lend out so if you've got a small business this is the number you need to call 8776917900. That's 877697900. Take advantage of this great offer from leader bank four year fixed rate loan at three point 99%. Annual percentage rate with no closing cost on holds up to a 150000. Dollars and you'll hear from them within ten days of receiving your application 8776917900. Call right now 8776917900. Member FDIC. Did you know that a solar system on your roof could eliminate your electric bill Boston Sorkin show you how to lock the financial power in your home or business by harnessing the natural power of the sun Boston solar is the number one rated residential solar company in Massachusetts and a leader in providing. Portable energy solutions to homeowners throughout New England. With constantly rising electric rate Boston sort empowers you to take control of your utility bills and increase your energy independence call 8559799446. Today to receive 83 solar analysis of your hole and learn how you can start generating positive cash flow now that's 8559799446. Boston solar can work with you to maximize solar incentive income and all federal and state tax credits Boston solar Smart sustainable saving you money call Boston sore today for your free solar analysis 8559799446. That number 8559799446. Mortgage rates are still at an all time low makes sense to take advantage of these rates when your refinancing or buying in the world leader bank is a local bank that is one of the largest mortgage lenders in New England with very competitive rates asked 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 went over one billion dollars last year to homeowners in the Commonwealth of Massachusetts there's a true experts in mortgage financing deal with the local bank today and call 8776917900. Or email Ed loans at leader -- don't come visit leader thanks for all your home buying a refinancing needs 8776917. B 900 that's 877691790877691. Than the 900 or visit leader bank. Dot com member Jesse equal housing lender. Valerie Armstrong knows one day. About. It's good you know Barry Armstrong. Did hear the ninja like being a look financially during the and that works. First things first Ben Carson a 64 years old. Brian from Bristol, Rhode Island knew that answer take normal mug and the attack on Pearl Harbor occurred on December 7 1941 and that one goes to Roger from what Tony a New Hampshire taking home a teacher very good. Our guest now is Betsy McKay from the Wall Street Journal hi Betsy Harry you. Great tonight you have read the first paragraph of your article to our audience is an art sure sure. If it's from today's actually posted this last night at 4 o'clock that I didn't find it till today. White middle aged Americans are dying Eddie rising rate a new study shows. A startling reversal that suggests. Addiction and mental health issues are setting back decades of gains in longevity. Holy smokes how did you come across this data. Well the content article that was published in a scientific journal Proceedings of the National Academy of Sciences. Yesterday. It was done by two Princeton economist. And take an Angus Deaton. And get steamed they may be familiar to arms he won the Nobel Prize this year in economics. So. And it's a really really interesting study what they did it take the existing government data. And just look at it and a new way and came up with its findings. Didn't actually really dramatic case you know it's. We live in a country where used to the death rate going down people getting healthier. You know wealthy countries all over the world. This kind of a given term for decades and have a rehearsal. Isn't that you know even one. One Asian ethnic group is pretty amazed thanks. When you use site that it has to do a substance abuse and alcoholism and I'll share a story with few. A few years ago. A friend of mine died in his alcoholic and he died as a grosses of liver but on the death certificate they wrote down that he had a heart attack and died. And so I don't know if it doesn't yet. A lot of the data doesn't get fed properly into the stats and he's exactly he was exactly in the the group that you're describing. Yeah you know. There are a lot of things like that that's that's. You know really sad. There is. You know the belief that that a lot of this is driven by a to prescription. Drug abuse epidemic which has now and amplified by a heroin epidemic. Which her aunt you know. Very heavily affected white populations particularly in rural areas. Overdose deaths from prescription drugs are. You know the vast majority people who overdosed on on the east. Suicide is also. Leading cause here. You know as someone pointed out yesterday. Bush spoke yesterday. It's hard to know when a prescription drug you know what do what I have right down as a prescription drug overdose and what you read can assist suicides. He may have. Numbers going back and forth. But clearly if our point to something going incredibly wrong and that particular age group which I should say is men and women. 45 to 64. Deaths are rising for. Men and women in that age group of all levels of education but there rising. So significantly. On lower educated. Whites at that age group debt that it. They caused the entire. Pain they caused the reversal. And feel a bit rate do you feel some of this came about as a result of the two. Serious recessions we've had you know the crash of state after 9/11. And then the one that was really bad in tooth after 2008 anything attributable to those oh market collapses. So the authors can't compare economists conducted. They didn't bring that up I mean you know there are a lot of curious thing they point to here like it has like a prescription. Drive yeah abuse epidemic we did. Which is a sign of something deeper right until they can say you know stressed that from the economy. Mate play a role. They are not looking statistically recession but the whole you know. The effects changes in the economy in the reshaping of the economy over many years. The year they looked at decorating or 1990922013. And as you point out a lot has happened that you know really what that thank. From the end of the nineties. Until now potentially median. Real median income. Slorc. How pole led by a gunman with a high school education or less have fallen. So. Yes definitely it's not just the recession but it also. It'll that you know real wages have gone down an income has gone to inspect its mustang manor conduct for many many people. So what they posit is. You know added that the problem is well. Why is that. Question rather is why is that. Specific to wait to me that's happened to everybody who does not know. That level attest to that completely said that really needs to be. Studied more I mean that it's really a challenge to the American dream right there are a lot of people in this country who are not living. Better than their parents are making more than their parents and and what does that do to people and what kind of stress it's just to put the monitor analyze it. Putting this particular. Ethnic group why else. Under. Under the type of stress that causes them to act out more. What I found surprising is that the majority of those who died from overdosing on prescription painkillers. It that fourteen year period of time they're white and between 45 and 54 I always thought and drug addiction is being. You don't younger person's. Disease and then by time to 2530 grow up. Right now it hasn't really changed. A lot of that is an early areas but it's also an urban problem to be an adult. It's light it's you know people who are going to doctors. For pain real you know real pain and then get addicted to. The drugs or they try them for somebody else can get addicted immediately and and that is causing major major problems. Across. Large parts of the country Appalachia you know we're doing and I mean everywhere you look. There is a real epidemic going. Well and it's not only that there overdosing you're also committing suicide. At that high rate racing yet drug overdoses and suicide is the highest rate for that age group. Exactly plates. Middle age weight are at particular risk for suicide on its higher in men we have put it doesn't story but it is it you know men are at particular rant and that's something also today you know. People could steady suicide. Are noting. But. Haven't been able to explain except of course you know. Publicizing intended to economic stresses. Which are doing it all all the anybody's able to say so far is that it is during these periods of recession and and during these difficult economic period suicide rates have gone up 200 to conduct. I am pretty dramatically since to about 2005. Betsy you're terrific thank you very much for joining us. Thank you having that's Betsy McKay from the Wall Street Journal checked it out it's in today's journal via the minute take a look at it variant in testing information their trucks ought to thank you very much. Dow's up 86 points we've been producing this radio show from the insurer match dot com studios. Security suffered through securities America and member finreg SIPC and advisory service offering to securities America advisors announced congress senator I'm trying advisory group and securities America companies are unaffiliated.