Jul 20, 2016|
Full Show 7-20-16 by The Financial Exchange
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with Barry Armstrong and showed sound. You're exclusive look good business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chunks. Investors are beginning to talk about Dow over 191000. Wasn't that long ago when you're sitting here gosh I remember like it was yesterday in early February of 2016. And I got struck how much what was the Dow trading at it as if we went back we dial back the clock. The Dow that are real basic February 7 of 2011. Was the bottom. And eleven was the bottom right does it. 5660. And here we are but let's say organ hit 191000 but my god news you're sitting at 181005. And change and made it there you see city no upper limit. And and we've had quite a rally in a very short period time hi everybody Berry and truck with you here on a beautiful Wednesday and we look at everything going on with the markets the bay beat the lead story today truck has to be the strength. Of the US dollar. Reaching 87 week. Hi not totally unexpected but it does create problems for certain industries in the United States. Yeah it it certainly does and the US dollar index is you know it's an index that compares itself to a basket of different currencies. And what you're seeing on this is this index has risen from. A recent low back in early may of around 92. Up to ninety sevenths of dollar strength and about 6% over that time period but I also wanna look at this over a longer time period just show yet. Some of the big changes that we've seen in this is a healthier way to look at it too by the witches and so. If you look at where we've been in the last year and a half since the beginning of 2015. We've been in a range generally between about 92 on the low end and a hundred on the high and so we're right in the middle of that range right now we haven't really moved the whole lot. Where you did see a ton of movement was in 2014. Okay. This was a place where you saw a massive move in the strength of the US dollar. And effectively what you saw as the US dollar index and 2014. Went from eighty all the way up into this mid ninety she's about a 15% strengthening of the dollar and 24. Team and many of you like that you looking your price of oil and still that's a good thing there. But imagine I imagine you were in I don't know central Massachusetts. Securian. You're in eastern Connecticut where there's a substantial amount of manufacturing activity. My gosh chuck you're having your lunch eaten by the Germans in the Chinese and and everybody else who's competing with few. You're trying to sell manufacture products around the world. In your back can you compare. Your sales to enjoy the strength that the US dollar to say I don't know mid thirteen. Holy how your your haven't a very difficult time selling your products. When you are compared Chu wa you know two or three years ago you're at about a 15% disadvantage in terms you invest in our ticket compared to where you were previously for businesses that especially operate on the margins. You know that's a thin margin that was a very that beckon me something. That put companies out of business or force them to cut jobs and that's that's part of the reason why you've seen US manufacturing. Struggling is that the dollar has been so strong and the reason it's been strong. Is because quite frankly every other currency out there. Is crap you know people always say oh million of them are by the Euro the manual people always tell the dollars terrible someone's gonna replace the dollar well. No this is a perfect example that isn't it it really is people have been talking I have heard so many people since 20082009. Say. Adult you know our current geez you know it's a world that's part where a mass never you know the Chinese are gonna. Become the new world currency. Look look look at where everyone goes when things get tough all the money has flowed into the US dollar to not say that at some point there won't change. But for the foreseeable future and by that I mean the next ten to twenty years is there any you know movement it. Any relationship to that story. With the fact that cash levels are the highest they've been in nearly fifteen years and went and saw so cash flow we're just talking about. Cash that you know investment managers and people have sitting on the sunlight why is there so darn much cash sitting on the sideline today. Well I think there's a lot of cash sitting on the island because people are still nervous and it's it's weird to say that people are nervous despite the fact the market market's all time highs again now. But you could almost argue that might be the reason that people are getting nervous is because markets are getting to those highs in people look I am very up for when I say what this market. You know this that this part of it that are pretty scary right now because it is. You know not based on what we are seeing. Out of pure fundamentals but just. No there segments of the market we can look at and say boy is a lot of bargains to be had an energy there's a lot of bargains to be had when you look at some of the financial stock valuations like gosh. They they're treating it tremendous discounts. What's so if you think the financial stocks are going to be in a position where. They are is heavily regulated in the future and if you think that the regulation is going to continue to get worse as many people believe it would will. Mullen can make the case that financials are probably pretty fairly valued right now despite being cheap by historical. I'm warming up for my victory. My victory lap of course associated with the price of oil oil trading. Woody 386. Who were getting close I get a get my three dollars and 87 cents a telling meet. I need 39992. Or anything riding on this the dollar. Well but that's my usual wager. But IDG. I was looking at some charts and look at all eight you know I'd look at anything that will reaffirm my prediction. And if we hit it I think we're gonna do it by August 18. Users and treating go out YouTube you open up the I don't know I don't know I don't know and here's what's gonna happen it just to forewarned. You'll never collect that dollar is if we get to the end in November I just say well it's gonna hit the 39 but it might take a lineup I dressed male put out. But 4380 sixes were were trading right now. I don't know maybe we're covering the story later. The related to energy prices. But it's a little surprising to see oil trading here at ten year treasury at 158. So ten year treasuries are actually recovered quite nicely in terms of yield in the last couple weeks. Let's see off this story at a broke my heart. This story and I got an email from them this morning talker you members you know dollar shape of them ideally that's number. All the number I'm a member UR Ohio power plant and I ordered them from them but I have a beard yup I have to shave mine that we do have a jive talker. And you know I've been out I didn't a proud member of the dollar shaped by join them. That it has to be at least a year year and a half ago in like I I joined them talk trade up because they're commercials. Downer the commercials are marketing yes they were funny yes I joined. It's a ton of money I I don't have to go to CBS anymore yet I don't have to take a second mortgage how the razors. Fantastic yurigan fantastic I sort of successful ones well expand. Spender experience Tucker three blades and spend more on his razors promote the need as his gym membership if that's not accurate. Well he probably uses his razor a lot more we could use less wealth. Like my point is about the story and in the resident disappointed. This last night they got bought. Why at this point about that because I like the little. You know I don't either something about Ryan from accompanied its you know started by. A little founder who's got some crazy marketing ideas guy's name is Michael do. And he launched the company that is funny YouTube video that poked fun at raiser believe companies and let's face wheat we all. Resent. Going into the CBS it's ridiculous to have them under lock and key now. Like if you get to when you push the button it makes this funny sound in the and the camera zooms in on you to make sure you don't. You don't know. Yet there are it's like Fort Knox when you order a CBS those dollars or nine dollars down verbally. No I saw a pack which 23 dollars. A ridiculous obscene amounts of any. They're being purchased now just to put this in perspective what do successful guy Michael duke and is he has signed up. 3.2. Million members for their mail order service which I am a member. It's a disposable razors services and other group meters and they they do its job of promoting. There are other services I don't buy any. Never bought it or B Billick lotions and she even asked you I mean they semi for the sample in Ontario for example to bad bought India other things besides razor blades from there would an investment. Well I'll tell you this is a yacht company that started back in 2012 and four years later. We're the billion dollars if he total investment was 1150 that had about a 150 million in venture capital that's gone and so my guess is. When it's all said and done out of that billion dollar valuation. I bet the Dubin probably as somewhere between twenty and 25% of that that don't have that. I was gonna ask you you know the way because people see the billion dollar price tag yet and I was talking to Jack Heath about this. This morning. And he he said well how much of it is the actual owner going to receive it's hard to tell because we don't read their internal documents but generally speaking. To raise that money he had to share a lot of the equity of. Oh yeah you read that he probably with each round that you raise your given away anywhere between ten and 20% a year equity and 20% left so he's waking up today and saying you know what. I actually have a couple hundred million dollars in my pocket. What I like is Procter & Gamble pre tax that is keep their playing dirty pool pursue in the guy and you know saint east older technology and patents and Alice which I don't believe I think you're the only he stole was their business. Aids is three million customers up and and a big part of the market sure looked at the market share they own now yeah it's down market. So Procter & Gamble shame on you for not by the company. Procter gamble trying to use a little bit of rent seeking trying to say oh no this is ours this you know and trying to prevent the new guy from getting in instead of simply going out and building a better product at a lower cost dollar shave club. Good for you Procter & Gamble. Now you better. Yesterday we speculated about the merger. Aetna and Humana. Anthem in Cigna. Well the Justice Department will seek to block to health insurance mergers in the next segment we will be joined by Leisle picker. From the New York Times to talk you about why these mergers may not occur that's up next from our insurer match dot com studio. Every time the candidates speak it could affect your bottom line here how election Twilley sixteen is already affecting you were right here on the financial exchange this is the financial exchange radio network. Hi this is our Armstrong from the Armstrong advisory group Mike team and I spent hours evaluating investment opportunities for our clients because we want to help make sure that you make Smart decisions when it comes to investing many of you own several energy company stocks and if you do you need to call us today at 803934001. And ask for our free guide this free guide in detail will explain how changes to this sector can possibly affect your investment strategy oil prices remain extremely low and that's had a huge effect on the global economy call us at 803934001. To get our free guide on energy sector investing and let us help you learn more about the changes that continue to take place that's 803934001803934001. Securities offered to securities America incorporated member and SN BC and advisory services offers for securities America company incorporated are strong advisory group the securities America companies are not affiliated an investor cannot invest directly in an index past performance is no guarantee of future results. If you're looking for a great deal on a new account or program you should check out the -- rewards program to leader bank is now offering its checking account along with the companion savings account and as long as you qualify you'll receive three benefits first you get a savings rate of two point 05% annual percentage yield up to your first fifty K all of your ATM fees from use and other banks will be reimbursed and you'll get 1% cash back by using your debit card and visa credit purchases just sign up for the statement with the account direct deposit at least 1000 dollars per month and do a debit transactions per month cult leader bank right now at 8776917900. To learn more about the -- Murrow awards program that's 8776917908776917900. 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 presume we're awards -- -- zero point 10% annual percentage yield on savings fellow member of the icy. This is Barry Armstrong and I'm joined today by estate planning attorney. Potluck ski from the law firm of Cushing and dole in which your financial exchange quick tip of the day. Today we're talking about the top misconceptions. About. Medicaid irrevocable trust some folks are app. Apprehensive Todd. About transferring highly appreciated assets like real estate or stock into an irrevocable trust because they hear their beneficiaries. Will get the step up in cost basis upon their death. Is that true yeah and it's not true. And it's not true because many people think when you're transferring to again that word irrevocable. Vacuuming gift. And that's true if you didn't make a gift then you would have this carry over basis and you would have lost the step up. But the way these trusts a draft of the way we do much pushing and Dolan is remake it in incomplete get to the trust. That way you can put up 500000 dollar home that vacation home up on the late in the air without paying to get tax. And because it's incomplete. That's how you get it and number one and number true you retain the right to the income from these trusts. That causes you not only to enjoy the income but cost the and that trust and be included in your state when you guys. In the gross estate not the probate estate rate. Thereby receiving that all important step up in bases and for all you folks that means that it eliminates. All the built in capital gain. On the property that you put in there when your children go to. Get the facts about protecting your assets avoiding probate keeping your money in your bloodline and reducing your state taxes. Request this brand new guide from Cushing handle and the top misconceptions. About Medicaid irrevocable trusts. 8668485699. Poor free 8668485699. Do yourself a favor call and get this free guide right now 866. 8485699. Securities are securities America ink member in PC advisory services are securities America advisors. Are represented on our advisory group and securities America companies that. Only this there with the charts graphs and numbers all day just listen to us it's the financial exchange with Barry Armstrong and chuck sun up on the financial exchange radio network. If Justice Department is preparing lawsuits to block to. Giants health insurance field. This according to a person briefed on the matter. Continuing its fate. Antitrust actions in a world wouldn't hear of whirlwind year for mergers and acquisitions were joined now by New York Times reporter Leisle. Picker to talk about that story which she wrote a lesson very. Are you doing good so. Tell us first of all what are your just reviewed the two mergers. And then maybe you can explain why antitrust officials are trying to block them. Sure that the players were looking at the first is Aetna which agreed to acquire Humana. The 37 billion dollars last July 3. Shortly thereafter about 21 days later we heard about and much agreed to acquire. They can now for 48 point three billion dollars that was after a yearlong pursuit. As much more tenuous deal. Is this something that has caught antitrust officials attention because it's cute and number one is largely heed this. The fact that both of these concurrent mergers happening that would decrease the number of the largest in church just to read from the five. That's a big change in just the environment and the industry since. Also it's been things that on a more political and perhaps even cynical perspective. Do you mergers that have been largely response Q these so called Affordable Care Act or perhaps more well known as the on the care yeah. And so he did jockeying there. And he that it. Perhaps blaming these mergers on the need to adapt in the world of obamacare. It and things that the antitrust officials are also looking. Explain that if you would lastly the relationship between. Obamacare. And these mergers because listeners are are. You know hearing this in the sand with what power they related you know companies emerged generally to gain efficiencies. And competitive edge so what does Obama care have to do with that efficiencies and competitive edge. Sure are well. We have to look at these deals in the context of a broader health care. I industry delete you hospital but had to scramble Q combined. And joined forces in that position group and then considering it of course has responded by emerging. And among each other him and so the idea that there is that they period you know become bigger players. Crackpot. And be able to be seen in a world where its peers and people that it's negotiate a way. And keep it negotiate with our also bulking up and merging and that they feel like they need to combined have more negotiating power. In a world where you know there's much more pressure on the regulatory guide. Given about the latest. Legislation. As a relief and health care. OPEC so. Given that how is it possible that the executives of these four companies in the investment banks involved how did they not anticipate this DOJ. Losses. That's a very very good question. I think political have to do you waste heat mindset as last year. Which way at one point. The biggest year ever or mergers and acquisitions and people were taking this very I geisha and Bolton is to combine. In a world where there was. You know less organic growth they thought that they needed to combine together and ordered Q achieve that growth. Now this these two deals existing. Against that backdrop where we've seen a lot as deals come under fire from antitrust official because of those bold and audacious move it but I think that. These four executives thought that he placed among other industries in public means do you do it well. Another thing to keep in mind is that the Aetna Humana deal. What thank her. What that deal was kinda put extra pressure on and bound and think that. To merge together and so. Date debut likely felt that it was worth the risk. I've to combine a wave that often and expect it to deal with those risks. Comment get at target Q agreed to something like I you know you know in a situation where they would have a year of distractions as it relates to getting approval from. The Justice Department is they they engage in what's known as day ever first. Break the term which and the borer. Aetna and Humana and at one point eight excited billions per can't amend that now. That's a meaningful amount of money in any out there that that's that's gonna be very difficult for the companies that are forced. To pay that break up. Absolutely and in and take this case it is slightly different. Unique situation where they are to report put out by those that Wall Street Journal in May not where they got ahold of them letters that went back board and executives between mr. Connor he's. Hatch a really good since. I have been committed discourse between the executives there and that lack of willingness to complete the deal still. It may be one of those situations and not case where. And and that less inclined to repeat that won the when he billion dollar one point 85 billion dollar break speech to stake out common but we may see other litigation as a result. I'll be darned read unless we did a great job thank you very much for writing about it and thanks for donating your time or cause we appreciate it thank you so. Let's let's just summarize that so people can. Understand the Ed. For insurance companies. That wanted to merge they'll wanted to get married. Very clear. To all of us that they are doing it to gain efficiencies I mean that's why you merged companies you do it in an effort to. Drive down cost improve efficiencies gained market share. Gain pricing power yeah right that that's the the logic behind it merger. Justice Department comes insane and how did the bankers and how did he executives. Say that they weren't aware they like I. It it's now up to the Wall Street they shouldn't be able to in good faith Wall Street you know break this Wall Street never price the stocks according to the merger UN. I've looked at this and said this looks like it's too much of an infant we were on the outside looking in but. It's just you know I think that there had been and part of it is you had seen in some industries over the last several years that. You had seemed kind of a blind eye turned towards. I don't wanna say monopoly stick practices but towards. In a situations like this where you have 234. Companies that really. Are the entire marketplace. And you may be bankers got a little bit complacent but. You know that that's probably part of it put part of it was also probably that they said you know what we'll take a chance on this and if it works out great if it doesn't. We've still got some fees and move on to the next whose break up these are enormous huge you're talking about close to three billion dollars. That was changed hands went thing that I wonder about is if they if these insurance companies in fact might have bought and insurance to cover. Which did it who thought. All right thanks for union where when we come back we're talking about Microsoft. From our insurer match dot constant. Making your Smartphone even smarter. Dell logo mobile lab by surging financial exchange joke in nineteen Jordan who plays store displays the financial exchange radio network. Hi this is very Armstrong from the are strong advisory group I've spoken to you in the past about various sectors of the economy to help you understand the many changes that continue to take place because I want to help you make Smart decisions in your overall investment strategy the energy sector has seen its shares of the ups and downs over the last few years and as a country we rely less on foreign oil than any time in the past fifty years but it's come at a price oil costs have dropped significantly and many of the super majors are cutting costs and shutting down wells as they try to outlast other producers if you own energy stocks and you like a more specific understanding of this sector call us at 803934001. Ask for our free guide on investing in the energy sector that's 8039340018039340012. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- If you're looking for a great deal on a new counter program you should check out the -- were awards program to leader bank is now offering is a checking account along with the companion savings account and as long as you qualify you'll receive three benefit at first you get a savings rate of two point 05% annual percentage yield up to your first fifty K all -- gym fees from use and other banks will be reimbursed and you'll get 1% cash back by using your debit card -- visa credit purchases just sign up for the statement with the account direct deposit at least 1000 dollars per month and you eight debit transactions per month cult leader bank right now at 8776917900. To learn more about the -- rewards program that's 8776917908776917900. Member FDIC equal housing -- zero point 20% annual percentage yield earned on portion of daily balance greater than 50000 dollars those who do not -- -- rewards will learn zero point 10% annual percentage yield on savings balance member FDIC. I am very strong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their super offers and appear to tell you about another one there rock bring a tremendous deal for a small business loan this offer is only good for a limited time so if you own a small business and you're looking to make improvements this is a deal that you should really pay attention to you can secure a four year loan and fixed rate of three point 99% with absolutely no closing cost alone can be up to 50000 dollars and leader bank promises a two week turnaround in under ready for decision that's a four year loan at a fixed rate of three point 99% this is a tremendous offer but it's only available for a limited time right now 8776917. To 900 that's 8776917. B 900 and you can lock in to this great offer 8776917900. Or visit them online at -- bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead this Marc bureau CEO -- match and proud sponsor of the financial exchange with Barry Armstrong like Barry we know that to build a solid family plan that includes financial stability and legal flexibility unique to have all your ducks in a row that light at the insurer matching agency our goal is to provide you with multiple quotes from the top rated insurance carriers will help you pieced together the most comprehensive and affordable plan to protect your family call today at 844 and 99 match that 84499. Match and let us review your current auto and home insurance policies to help you decide if there's something better out there for you. Cold right now and also receive our spring insurance guide for free guide includes checklist for both your car in your home to help you determine if adjustments are necessary to close any gaps in your coverage culture match today and 84 or 99 match to make sure you're prepared for the road ahead that number again is 84 or 99. An AT CH or visit us online at insure a match dot com. Its financial exchange at your fingertips as well. Yeah X 686. AB it's that financial exchange on the financial exchange radio network. Trivia from the rocky by Arnold's lobster and clam bar located on US troops exit east and Massachusetts. Arnold has a great raw bar including Wellfleet oysters lobster roll fried clams terrific onion rings and more. Call them five through 82552575. Or visit them online and Arnold restaurant dot com. On July 20 of the year in 1969. My cousin Neil Armstrong became the first human to walk on the surface of the moon. We will be doing some trivia about the first moon landing. Here it goes what is the name of the second human to walk on the surface of the moon 68680. Is or text number. What is the name of the second human being to walk on the surface of the news moon. My cousin of course Neil Armstrong was the first one I remember like yesterday. I was ten years old the talk to a mall it was a space. Yeah yeah do I text and if. 68680. Is our our text number first winner's first person with the correct answer wins a fifty dollar. Gift certificate to Arnold's. Hey let's talk about Microsoft. I mean I I. I was. Down on this company I didn't like Steve ball. Yeah I never liked him is. As a CEO he put on some great press conference though he did but he was kind of yeah he did he doesn't get it high grade America's greatest CEO bill based on the the stock price. Yeah he didn't do a great job as CEO of Microsoft I think they probably lacked a little bit in terms of product development while he knows there. Towards the end of his ten year they started to undergo some changes. And maybe that was him loosening its grip on the company I don't necessarily know and but this is a company that in the last three and a half to four years has pretty much done ever. Right such an adult well I'm okay I'll I'll what you make the credible argument for such as he's in new CEO he's been in there a couple years for it. Indian guy bright is as all get out. You like some of his moves I've got one move that is very much in question. What are you know like about it Lincoln. I think Clinton is a major question mark I still don't understand how they're going to integrate it but you look at everything else than what they are paid for what you look at. Even without what they paid Ford and questions about Linkedin but you keep everything else that this company has done. And they have pretty much transition via a significant amount of their business and cloud into recurring revenue sources as they move people off of the you know by office for 300 dollars that's all that you get. Now it's signing up for office 365 you're forced to pay monthly or annual fees there. You know they've they've done a tremendous job there they've continued to expand the entertainment division for Xbox and Xbox one and so on work they've done a nice job there. You know Windows Phone has never really been a platform that's been able. To gain any tape of major penetration that is still an area. That they do need to improve in them but they've also. You get into this cloud business which I've never understood. And that's where they're that's why the stock is up 6% today. Yeah I had it really is all about the cloud business that gets into that office 365 and so force. You know that is. You know one of the big things they've been able to do it successfully transition a lot of their enterprise customers to cloud based applications that are buying the box installing it on every computer. The downside to that move. It is a lower margin business but if you're generating more revenue you can make it up and volley. You know so that's really Amazon owns that space race is that Amazon's territory when of this they are not doing this is like Amazon Web Services where they are doing hosting and so forth this is. Office on the clock office hosted. Somewhere else of that you're effectively you login and that's how you are gaining. Access office and so forced. All right while a Microsoft shares of six point 3% at 5643. Here's a quick announcement on behalf of Cushing and Dolan. Many people. Maybe you are one of these people are afraid of giving up control to their trusty. When they use irrevocable trusts and I'm asked is this a valid concern in the answer is no it is not. Because let's assume you point your son to serve as trustee and you say oh my gosh I'd give an animal control of my assets. That's not entirely true if you give you make your son the trustee. Of your your vocal trust. In your son misbehave. Or refuses to do is you request you can fire your son as the trustee and replace them with any. Friendly trustees that will do so. So it's not about concerned give you not giving up control of your assets when you put them into vulnerable public trust a wanna dispel that and Cushing and Dolan is giving away a guide today. It's called top misconceptions. Related to Medicaid you're vocal trust we just talked about one misconception. He's like a copy of this guy here's the phone number you call it 866. 8485699. That's stole 3866. 8485699. Wanna learn about the top misconceptions related to irrevocable trusts call Cushing and dole and they're making their free guide available today. 8668485699. Chuck it was a vote on up quite a year ago let's say what. Nine or ten months ago that we started talked about Volkswagen. Lee was last September may be early October somewhere in that mark how much has that company declined in value. Since we started covering the story. So if you look at it when the story originally broke died it was a mid September last year. The stock the US on the US markets was trading at about 38 dollars a share at one point. It bottomed out around 22 dollars a share so lost nearly 50% of its value at the bottom. Today it's in the 28 point nine range it was still off about 25 to 30%. From where it was trading prior in this that they get into the fact that that stock had been up as high as fifty dollars a share. Earlier in 2015 before all this started so you're still at this point down about 45%. Right now and at one point you were down post sixty. And they're not dying. No they. We still do not have any knowledge as far as the full range of fines and so forth is going to be a process that much like we saw with BP. In the gulf. It's gonna be a process that probably takes three to five years unfold completely as far as long how much data we're sitting here a year out and we still. Dealers still don't know what they're being calculate where we don't even have that information so. When you start deal with all the different countries all the different agencies and an even in the US on the state level what we're talking about. It's it's gonna be another two to three years. You're right BP's been going on here you're it's a good five years and the BP was 2010 I believe. Mines and but they're pretty much done I think. They are finally just about wrapped up they still a couple of small pieces to go. But yet BP was 2010 so it's taken BP about six years to get as deep water horizon. I don't think it'll take Volkswagen quite as long just because. It's not really. There's not really dispute over whose fault it is you know it you're you know trying to figure out is it you know bear fault if someone else's. You know whose fault it is just okay how much you can cost. The Republican Convention has been a huge success. And how to I know that while it has drawn over 22 million viewers that alone on the first night of of the convention track. Which is kind of the weakest night of the unit terms speakers and and what's going on yeah they drew 22 million viewers CNN. An MSNBC. Ironically are the two big benefactors. Yes CNN has doubled its audience from about one point four million viewers to over three point nine million viewers MSNBC's viewership was up 35%. So this really tells because Fox News and pretty much right on the line is that same as before. All this really tells me. Is that you've got Democrats that are watching. Which is about more than had been in expect. Correct us significantly. You have a huge bump up Republicans continue to watch pretty much the same numbers that they watch for you know in prior years but he got a lot more interest from across the aisle. Well the difference though now is CNN. Is not as liberal as it used to CNN has gone very conservative. Yeah I think I thinks about running CNN bodily as a good friend Donald Trump's. You they the quality of the reporting on CNN continues to kind of bounce along a very low bar at this point I mean CNN is pretty much. Widely ridiculed for some of the things they put on at this point now as far as you know that when the Malaysian plane was missing their big guys saying that it was in a black hole. You remember that that at that might be. It could be it's I mean it's not impossible so he wasn't wrong necessarily. But you know certainly you are seeing a much more interest this year than in prior. Yours we have speculated that Roger Ailes would be leaving. Fox and it's pretty much a certainty. Now we are getting more information that Roger Ailes who's aged 76 by the way. He's been the idea what went he start there was a big thing as sick as you say midnight put it on the -- he put on the air the guy's genius yet he's been there twenty years at this point but it does appear that he is likely on the way out foxes commented that there review is ongoing at this point they're not giving any additional details what I'm hearing is coupled insider tips and yet they're negotiating the deal. But they're too big shows Hannity. And O Reilly yeah those guys have contracts. That say it heals leads weaken. Most they can avoid their contracts they chose told that this morning by an industry insider interest and could you do see. Bill Riley ending up on CNN. He doubles and be interesting to see a play that much I mean he's he becomes a free agent if this deal goes through. And that baby what's holding it up. They need be saying OK we have to tie up O Reilly I think he's the number one guy. At fox say they do that spotted believes they gave the and they they lost Hannity wouldn't be the end of the world that he lost the Riley I think that's a huge blow them. At that probably agree with that as my opinion. In Megyn Kelly is up she's up next year. Yeah and as you'd want the people that. That said she was sexually harassed by news yeah I think with that I think there's probably more questions about if she ends up staying wants her deals. Lot of money on the line anyway. Roger Ailes evidently on his way out. Acts. It at fox. Up next we'll be joined by Jeff Stafford from Morningstar we have any stock to talk about you know grab a pencil paper also give you the answer. Torque trivia question from our insurer match dot com studios. Breaking financial news. The financial exchange which Barry Armstrong and chuck side on the financial exchange radio network. If you go the last that protection planning you'll get more than fifteen million results hi supposed to make sense of all that information could you believe and where do you start Cushing in Dolan the experts and elder law have written a brand new guide top misconceptions about Medicaid a remarkable trust this guy details thirtieth the most common misconceptions about using irrevocable trust to protect your assets get your free guide that 8668485699. Think you have to give up all control think again. Think you have to ask permission from your kids to use your own money not a chance I think you're going to have to pay higher taxes if you wanna make duress that's unavailable for nursing home costs nothing could be further from the truth look there are a lot of so called experts out there on the Internet coming to you from all over the world gets an information from a law firm that has been helping families like yours were nearly thirty years called for your free guide today 8668485699. That's 866848569. Million you can also download the guide on our website at legal exchange showed dot com. Hi this is very Armstrong from the Armstrong advisory group I've spoken to you in the past about various sectors of the economy to help you understand the many changes that continue to take place because I want to help you make Smart decisions in your overall investment strategy the energy sector has seen its shares of ups and downs over the last few years and as a country we rely less on foreign oil than any time in the past fifty years but it's come at a price oil costs have dropped significantly and many of the super majors are cutting costs and shutting down wells as they try to outlast other producers if you own energy stocks and you like a more specific understanding of this sector call us at 803934001. Ask for our free guide on investing in the energy sector that 803934001803934001. Securities offered securities America incorporated member and SIPC advisory services offered through securities America companies incorporated Armstrong advisory group the securities American companies are not affiliated investor cannot invest directly in an index past performance is no guarantee of future results. Hi everybody very Armstrong here from the financial exchange and I'm joined by. Leader bank. And leader bank has an exclusive. Program for those of you who are landlords here Cora collecting rent from 110 and 401 tenants. Zero it might be something that you want to look into Jake talked to us about your how long has been around. We've been offering easy ran for almost two years now two years and his have been successful spent extremely successful we've. Offered this product to really target hardly in the hours were still collecting checks in paper form in this day and age. And purpose of zero needs to really bring everything on the line between electronic but more importantly. How to piece that it and forget it. So what's a landlord has their tenants that up. And really there's nothing that needs to be done until the leases over. The rent is automatically drafted from the Tenet's account he knew he choose the date of the month does it always the first of the month or could beat it there that's a sign attendant on the fifteenth had to be the fifteenth of every month yup absolutely so landlord cites the initial date. Whatever day of the month that is. It will be the same date every month that'll be collected how much does it cost the landlord to set this all so it's absolutely free if the wayward banks with us OK so if your idea landlord knew if your bank account leader pain you get this is you rent service for you get for free. That's you have a bank account elsewhere will still provide a service for small monthly charge. And if you ever decide to move your bank relationship overweight fifty's that's pretty pretty simple it's pretty cheap. And it's a great product are lame or perhaps the only club in. Lot of our it's called Z rent and the website Ford is WWW does he rent dot net. Or you can call leader bank at 8776917900. To learn more 8776917900. Collect your rent electronically makes an awful lot of sense to me the phone number again 8776917900. Or visit. You rent dot net. Stock tips Scott we've Barry Armstrong and jokes gonna he's the financial exchange. On the financial exchange and radio network didn't. Buzz Aldrin made history as the second human being to walk on the surface of the moon following. Apollo eleven mission commander Neil Armstrong. He certainly did Joseph from Yorman had the right answer Joseph takes home. One of the fifty dollar gift cards were given a way to Arnold's lobster and clam bar located on US route six in east ham Massachusetts. Arnold has a great raw bar including Wellfleet oysters lobster rolls fried clams terrific onion rings and more. Call 50 wait 2552575. Or visit them online at Arnold restaurant dot com for more. Information. Time for a little bit of stock talk and we have Jeff Stafford from Morningstar with us today. Jeff thanks for joining us. Boehringer crap and Jeff were dug about stock here with the ticker Ciampi is Compass Minerals International. What exactly does this company do for people who wore no. Shirt so as you said Compass Minerals is that in the coming that many investors may not be familiar with we think it's a wide no company which means it has a long term. Sustainable competitive advantage. The company produces road DI think stalled and fertilizers primarily at facilities Ontario Louisiana and you talk. Compass has been on business follows pretty simple it takes resources out of the ground but importantly it does spill at a very low cost. And that compass has built built this formidable cost advantage based on two characteristics of the largest salt mine location in geology. Now the state companies that over the last five to six years seems to have stagnated a little bit in terms of its price what do you see. Not from this company that makes it attractive to you today what's changed. So we think this stock prices and held back over the last couple years by a light winter weather what I mean by that is. The company's main regions in the midwest haven't gotten as much no if they normally do. And that's put pressure on the company's salt volumes. Bursting return to normal winter weather over the long term we think this stock in trade higher as the company sells Morse fault in the future. Who the are competitors in the space is there any companies of similar size that are doing Mr. President. Parts of you know larger companies that might just have divisions in this area church. So probably the most well known competitor is Qaeda NASA German company that has since stalled out that they can beat on the East Coast. They're really because these markets are so regional. Compass does it faced a lot of competition for big competitors in this primary midwest market the K process is probably the the best example of a competitor. On on a larger scale. How does that how to be the contract work for a company like this are they multi year deals are they typically. One year deals one month what's what's the typical setup for contract from them. Sure not to interesting part about this business the contracts are typically one year. And the main customers are governments and municipalities so they fine. These all contracts in the summer months before this those facts are actually come. And they're signed at a price point with the volume range but the volume ultimately depend on how much its nose in that region but the price is predetermined. Going into this season and that's led to. Less volatility in oil prices beneath the and other commodities. All right very good we'll Jeff I appreciate you joining us and thanks for all the and voted. Of course our firm and Jeff Stafford from Morningstar and the company here was Compass Minerals International the ticker on ECD and peace. Now I'm looking at this company turn this is small company. Only two and a half billion dollar company two and a half billion dollar company so it's not you know talked about you know 2030 billion dollar behemoth. As far as the overall revenue and what they do you want an annual basis into about a billion dollars a year in revenue so are not talking about a tiny company necessarily. But you certainly are not looking at a company. That is. You know 88 titan of industry. Doesn't move a lot the stock they and look at it debate it's 51. And here's something that we should probably spend a moment on. Earnings per share diluted earnings per share four dollars and 36 cents per share. And they're paying out two dollars and 78 cents of the fourth 3436. Of the bringing in yet in the form of dividends so. I look at that and say well that's pretty darn good in terms of the coverage ratio it's. Stable in terms of the odd dividend payout ratio what you look for on companies. You don't want companies that are paying too much of their earnings in the form of dividends if they if they do that. Well it potentially means them after reduce their dividend of their earnings are reduced. And it also may mean that they're not able to reinvest back into the business and grow so that's right big reinvestment as the biggest issues and exactly so I think the the level that they are at somewhere in that 6065%. Range. Pretty acceptable when you look you compare bull dividend paying stocks. When he starts he stocks that are open eighty to 90% range and it'll vary based on the industry but. Yeah I'd I'd advice you take a closer look at those and if they really makes. Here's another thing to be aware as it relates to that particular stock we're talking about compass materials. Minute excuse me Compass Minerals International the symbol forty Ciampi if he'd take a quick look at the stock you'll see it's. Paying two dollars and 78 cents a share in terms of a yield that equates to three point 8% sees save yourself well that's that's pretty darn good you write a making three point 8% on my money. And I'll remind you that that. Yield is on a tax preferred basis meaning that. If moved from the vast majority view you're gonna have to pay a 15%. Federal income tax rate on that. Whereas if you get interest on a bond or if you get interest on a CD you're paying ordinary income tax rates which could be as high as 43%. So. One thing to remember when your buying stocks always inquire about what is the dividend on it. Check the coverage ratio woody and covered greatly is that I wish they didn't use words that complicated that. Coverage ratio just means that are they earning enough is that company profitable enough. To consistently pay Al that dividend doesn't do you any good to buy stock in the six months later chuck you learn that all we can't afford to pay at that dividend. That stock will decline very rapidly company to cut the dividend. Yes so it's again when you look at a company like compass. You know again that dividend is pretty attractive and it does appear to be in a pretty decent range as far as how much they are paying out. Thanks for tuning in to this hour of the financial exchange chuck exotic Tucker Silva and very Armstrong at your service. From our insurer match dot com Steve. Hi this is our Armstrong from the Armstrong advisory group my team and I spent hours evaluating investment opportunities for our clients because we want to help make sure that you make Smart decisions when it comes to investing many of you own several energy company stocks and if you do you need college today at 803934001. And ask for our free guide this free guide in detail will explain how changes to this sector can possibly affect your investment strategy oil prices remain extremely low and that's had a huge effect on the global economy call us at 803934001. And get our free guide on energy sector investing and let us help you learn more about the changes that continue to take place that's 803934001803934001. Securities offered to securities America incorporated member of the right SN BC and advisory services offered through securities America companies incorporated Armstrong advisory group the securities America companies are not affiliated an investor cannot invest directly in an index past performance is no guarantee of future results. I am very Armstrong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their super offers and I'm here to tell you about another one there are offering a tremendous deal for a small business loan this offer is only good for a limited time so if you own a small business and you're looking to make improvements this is a deal that you should really pay attention to you can secure a four year loan and fixed rate of three point 99% with absolutely no closing costs alone can be up to 50000 dollars and leader bank promises a two week turnaround in underwriting for decision that's a four year loan at a fixed rate of three point 99% this is a tremendous offer but it's only available for a limited time call right now 8776917. To 900 that's 8776917. B 900 and you can lock in to this great offer 8776917900. Or visit them online at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Hi this is Marc bureau CEO of ensure match and proud sponsor of the financial exchange with Barry Armstrong like Barry we know that to build a solid family plan that includes financial stability and legal flexibility unique to have all your ducks in a row that's why at the insurer matching agency our goal is to provide you with multiple quotes from the top rated insurance carriers will help you pieced together the most comprehensive and affordable plan to protect your family calls today 844 and 99 match that's 84499. Match and let us review your current auto and home insurance policies to help you decide if there's something better out there for you -- right now and also receive our spring insurance guide for free guide includes checklist for both your car in your home to help you determine if adjustments are necessary to close any gaps in your coverage -- -- your match today and 84499. Match to make sure you're prepared for the road. Attorney potluck ski from the law firm up Cushing and dole and with your financial exchange quick tip of the day. Today we're talking about the top misconceptions. Related to Medicaid. Irrevocable trust. And taught a recurring statement that I've heard is that once you transfer your home. To an irrevocable trust you could never sell it. Is that true it's absolutely not true and very let's think about it how long we've been doing this right you know declines we share that they have started out here in Massachusetts. And then decided to move to Florida one or two New Hampshire right. They can do right you start your planning up here you put your house and you may live there you may have been living there for years and and you wanna both right. Absolutely that trust can sell the property. You keep your capital gains tax exclusion do you by the new house in the trust exactly you the money comes in the trust after you sell it. Now the money sitting in that trust you have the trustee write a check out to the seller of the new place in the capable of rubber up on the I'm on down in Florida are aware you buying it. In the new house comes directly into the trust. And the beautiful thing about that is let's say they've done this ten years ago after they cut the trust at ten years ago they're not gonna start their five year clock over again most of the new house is protected about a five year look back to new houses automatically just as protected as the old one once so there's no hesitation in telling him no hesitation in waiting to do your. Get the facts about protecting your assets avoiding probate. Keeping your money in your blood line in most importantly reducing your state taxes request this brand new guy from Cushing handle it. The top misconceptions. About Medicaid irrevocable trusts. 8668485699. That's full 3866. 8485699. The yourself a favor make that call right now 8668485699. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. That's 8776917900. Or visible leader banks dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader banked a step ahead. Hi I'm at a London and appear worried about your parent or loved one living alone like I was. And you are reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing homes. Even important financial information. They had obviously researched every place not just given me names. They Downey plays for which he could afford and it was magnificent. We are now very confident that she's safe and they just helped every scrap of who. And and so if you're struggling to find reliable senior living information call plays for mom this is a free service and you can trust them to help. If you are struggling to find reliable senior living information for your mom or dad didn't call or go online to get that we help you need during this turbulent time call now 8046775. There. 8046775. There Pat Boone here with a word about banks' safety you think your money in the bank is safe. Dole Food bank Garnett the generation ago bank account felt secure and they paid interest this encouraged the virtue of thrift savings. But today. Bank accounts paid virtually nothing. And it shifted from low risk to high risk for example did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders who will be here. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on. Still think you're bank deposits eight. Yet this vital new white paper now call poultry 8051960. To 71 that's 8051960. To 71. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally it just makes sense give leader baker Colin learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value. Leader back a step ahead fight your favorite news photos and sports updates on your phone would HP mobile from the Associated Press AP mobile where the news gets its news. This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. A stadium full. And today about the economic and market trends plus breaking business news every day. And now the initial exchange we've Barry Armstrong and shocks. The stock market only goes up and until further notice I don't think there's any lead or awestruck. To give out stock report because. If that same thing that was up 4058020300. NASDAQ really hurt right now on NASDAQ up 1% today that all Microsoft. It. To see what we the the biggest gainers. In the NASDAQ. You pulled up to see. Got to be Microsoft's got via the big influence on that but you know I'm looking ahead the indexes across the board. The S&P. In record territory at 2173. The Dow knocking on the door of 191000 how remarkable is that. How low as the Dow would he go back to February 11 when he. Fifth at 2060 what did you tell the engine reachable. You go back about five and a half months you were down at 15500. So you effectively rallied. About 20% off those lows aren't you glad that you didn't sell your stocks back at 155. You look like the smartest guy in the room right now because he didn't sell out when he had that little correction. Back at the beginning of the year but the NASDAQ. Up 49 points to your point almost did record territory in nasdaq's it. In north buddies in to get back to where was back in 2000 note finally getting back to where we're sixteen years ago my good. My gosh out in the Dow and NASDAQ trading at 5086. So. There you go I'm have to ask you guys that question in this is to all of our text number 68680. Have you ever had a job. That you really. He did leave the we had to go to work in Sunday night and you walk in and you're thinking just. Network Torre just do not want to go to my first real job after college to quit after two days he did that will put up two days literally you lose that job. I would say up paralegal in Vermont and I realized on day one that law was not really for me. And so I called my dad and I said dad don't like this what do what do we said well give it another day and went to work the next day called the the end of the day said data just quit what I do now. If the parts that you've got a job with the visiting cal though because he didn't grind you eat in life to grind out there today let me tell you tough life. Tiger go to valued at a real bad yes that too bad jobs that I hated going to everyday and I had to do it for. You know over year old Tom. You know just look at I'm I had it was a marketing and just heated marketing yes radio producer for financial outlets that people are so I thought as a that's excellent seven says on at that job right now. Now I was a bad feeling I releases I've been blessed you know I've had these when I didn't wanna go to the office has had to do I didn't fire somebody here right to do something. In battery in days that you have had days where I didn't wanna go to work but I've never had a bad job may have just a workaholic and oh my gosh six will sentences have been at this job for 22 years and he quit. Quit you're like why would why would win and that twenty years. Long time they hate that you got married things do what life is too sure you got better things to do at time for change. And bring it up because there's a survey that's done. And it's it's done 11 time a year just under half of US workers said they felt satisfied. With their jobs last year. Did happier state being in a decade this according. To a new report from the conference board it's a research group that focuses on economic and business conditions. Yeah 49 point six. This is pretty much since the early eighties you have seen a steady decline. In job satisfaction numbers in the US they were above 60%. In the late eighties through the early ninety's and but really starting about 2000 we've struggled more than 50% of people who say yeah I'm pretty happy with my job. Just over half or fifty point 6% people surveyed said they are satisfied with their job security and 58 point 8%. Reported a high level of interest in their work. Second only to the 58 point nine who said they were happy with their coworkers so imagine go to a job where your coworkers think. Satisfaction. Was highest in the state of Texas 56 point 1% it was generally higher in the western half of the country. The board does not break out results by job tight. Job type but they found unsurprisingly. That satisfaction generally rises with income. 61 point 2% of people who were earning a 125000. Dollars or more. Report feeling satisfied at work that's the highest proportion. Despite. Steady improvement over the last few years. It is unlikely that the US workforce will repeat the high eighties achieve get this. In 1987. And 199560%. Of workers said they were satisfied with their jobs struck no loyalty anymore. 49 now 49%. Of workers are satisfied with their jobs you back to 1987. He was 60%. Yet what's changed. No loyalty. No loyalty on the part of the company's her on the part of the company's you you look at what's happened since then and it has been a steady erosion of things that used to be a staple of American companies when you talk about pension plans when he talked about the rise of Leveraged Buyouts and all the cuts that come after that. Whether you're talking about the into the job cuts that we seem to see so often at this point and bumping up stock prices for exacts. You've seen all of those things become the norm in the last thirty years and I think that people. Rightly so don't feel that their companies are very loyal to them. And as a result. The you. They treated job I think is something. That if they don't really view was a permanent thing anymore they see it is something where they could be cut at any time which is the truth. It is the truth you know whatever the what do what the downsides. Of the big corporation. Is. You know see they can walk in one day. And and I had this happen Nash who's the week before Christmas. And the company that I worked for had been acquired and on the week before Christmas they came in at five. Nice guys don't imagine that I mean I just couldn't do that it was a big company news debate I won't name the company. But. You know that that's. That's it. That you're right about company loyalty right be easy on you could be a hard worker for an extended period time. And they'll put a bullet union dues to satisfy stockholder in and that's just the world we live out there's a lot of text messages coming yet. On this and the we we should dress coupled to a three tribe being an auditor of banks eat your soul from the inside out. At that that would be a tough job does not being an auditor in general DS know what that role than an auditor is auditing. You basically go in and you you'd use stir you you find bad things right. Deputy pretty much everywhere you go no one wants to talk to write you eat my dad worked in internal auditing. And you know what happens who's the president of the company you're the CEO we'll see eightieth. Look I need you to go to Hartford. Because we've got a problem up in our division in Hartford. I need you go to Texas and in it may give them the big the ground. Rules for the problem but they have to go to that marketplace and find out what the problems. Six or seven says my father in law worked for a company for thirty years and Willie was laid off just before retirement I used to capital watcher. You see guys in they'd just be about to invest in their pension plan and they come and fire in support. You see that all over the place other ones in another person for went three was fired during Thanksgiving and Christmas period of 95. What else we have here. I'm just gonna say this many of year are. Texting in and saying you hate your job. I don't care how much money you make. EE got to leave it working at a job hate is bad for your help in killing. It OK now I was out after two days I needed that's by us for yourself healthy and he that's. That. It's shocking statistics be up next we're gonna be joined by Ashok Carol. And we're talking about a company called hate in a crate. Every Wednesday we interview a business owner and today is no different we're talking about the company hate in a crate you'll love this next interview coming up. From our insurer match dot com studios. Candidates who watched the holes we need to watch the markets find out how one can impact the other throughout all of election 2016. Right here he's the financial exchange on the financial exchange radio network. If you Google asset protection planning you'll get more than fifteen million results. Hi supposed to make sense of all that information could you believe and where do you start Cushing in Dolan the experts and elder law have written a brand new guide top misconceptions about Medicaid a remarkable trust this guy details thirtieth the most common misconceptions about using irrevocable trust to protect your assets did your free guide that 8668485699. Thank you have to give up all control think again. Think you have to ask permission from your kids to use your own money not a chance I think you're going to have to pay higher taxes if you wanna make duress that's unavailable for nursing home costs nothing could be further from the truth look there are a lot of so called experts out there on the Internet coming to you from all over the world gets an information from a law firm that has been helping families like yours for nearly thirty years called for your free guide today 8668485699. That's 866848569. Million you can also download the guys don't know her website had legal exchange showed dot com. Hi this is very Armstrong from the Armstrong advisory group I've spoken to you in the past about various sectors of the economy to help you understand the many changes that continue to take place because I want to help you make Smart decisions in your overall investment strategy the energy sector has seen its shares of ups and downs over the last few years and as a country we rely less on foreign oil than any time in the past fifty years but it's come at a price oil costs have dropped significantly and many of the super majors are cutting costs and shutting down wells as they try to outlast other producers if you own energy stocks and you like a more specific understanding of this sector call us at 803934001. Ask for our free guide on investing in the energy sector that's 8039340018039340012. He suffered through securities America incorporated member and SIPC advisory services offered for securities America companies incorporated Armstrong advisory group the securities America companies are not affiliated an investor cannot invest directly in an index past performance is no guarantee of future results. If you're looking for a great deal on a new counter program you should check out the -- rewards program that leader bank is now offering it's and checking account along with the companion savings account and as long as you qualify you'll receive three benefit first you get a savings rate of two point 05% annual percentage yield up to your first fifty K all agree TM fees from you some other banks will be reimbursed and you'll get 1% cash back by using your debit card -- visa credit purchases just sign up for these statement with the account direct deposit at least 1000 dollars per month and do a debit transactions per month cult leader bank right now at 8776917900. To learn more about the -- rewards program that's 8776917908776917900. 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 presume we're awards will learn zero point 10% annual percentage human savings -- member FDIC. 2016. Has been a volatile year so far for the market and the bricks and vote has added to that volatility Titus is very Armstrong if you're concerned about the potential impact of that vote on your portfolio call my office right now at 803934001. And make an appointment for a three financial review if the current uncertainty in the global market makes you uncomfortable that give me a call 803934001. In all -- your current portfolio for free that's 803934001. The appointment will take about an hour but wouldn't you give up an hour of your day to make sure that you make better informed decisions call me today and set up your appointment to qualify for this free consultation you must have a minimum of 250000. Dollars in investor the last that's anti must book your appointment within the next thirty days 803934001. That's 803934001. Security officer securities America incorporated member of the SIPC and advisory services to your securities America advisors incorporated Barry Armstrong were presented their Armstrong advisory group the securities America companies are unaffiliated. This news financial news and what it means you lose it's only here on the financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network. Every Wednesday we interview a business owners and he'd like to be part of that process Tucker how they get involved. Yeah outages go to our website financial exchange showed dot com and click on the contact us have a neck was right to my email very good. Our guest now is actress Carol from hate in the crate. What a great idea tells all about K in a crate passion. Thanks Mary thank you and me take decree it's a plant based aching can. That sentenced her acts to cost. Hi includes free thing that need to make me beautiful. Health conscious. Actually wouldn't be do or does he help countries how it does it matter at one tastes like we promised to taste test if it stays healthy we take so if by. One to me like the that you do have a menu of cakes that I can select from with your company that's trading Afghan chocolate peanut that are. We have to keep an eye just sector. But I I I didn't I was not that I got and I light as to who's an accidental Keck I are going and I'm not trying to put footsie with I just days let me quickly. I'll be all right thank you. So yes we actually have a chocolate peanut butter dessert on our web site right now it's called solti date carnal Scott your roots. I'm from there just ordered to church. I am from Minnesota originally from the Twin Cities and the dessert. Bar is very popular there. You mix it up in one mobile. Lay it out in a pan am music decode tickets here picnic take it to Iraq a bridal show our K interpret it party. That's a really fun and it kind of back. Peanut buttery twist Johnny writes Chris peach tree. How did you decide to get started in this business what led you want in this direction. Hello if it did start with my own net frustration. In the kitchen I am. Where is sort of hopped acre I guess you could say. Not professionally. I with an avid interest user. And I could go to contrast and searched for trying to make my title little healthier search or slightly healthier desserts I'm a dessert every day kind of person I know you're eating dessert every day might areas to find the right no way to edit to hoisted it. That fond of him definitely and possible. And I found that it was discrepancy between the recipes I was finding on Internet on food blogs on contrast. Google search which. Is how most people find their recipes yesterday not cookbooks loser and I thought it was a discrepancy between. The year where you are in the picture then again you're. My ex and what is when it came out and let it came out to be. And when you're dealing with health conscious ingredients I'm talking about ingredients like coconut oil boom like Allman flower. Dark chocolate instead of milk chocolate. The ingredients are naturally more expensive noun it's a high quality ingredients. And so for Armenia I saw that adds more for. A cost benefit analysis it's opening and a lot more after it yet find it's recipes. A lot more effort to seek out the ingredients and I was investing more money. My angry protests every time I want it make an answer. We're joined by Ashok Carol she is the founder of heat in a crate how do you find new customers or how to new customers find your company. It's interesting partnerships we operate almost entirely on partnerships with. Quality natural foods bran. And with food lockers so. We like to say that we create a blog posts and so we are building that and our business more and more and more. Finding blockers and and a lot of cases bloggers will find sure. And taking their recipes in something that may live and die on pay them. Hand bringing that you customers at a product and for a lot of these blockers and may be the first time airmen are. You're Julia. Even if they are writing except that which a lot of our bloggers Q we meet for forever however the height reach our audience. It may happen cook that style. Customers are writing I find out there and ingredients you must have a robust web site we do we do we and also a social media. We find a lot of our customers through social media FaceBook. He spoke and into it's it's definitely the biggest for real hitting out that we like to. It's pretty picture. If any of okay you know yeah I think people noticed that you know especially so you advertise it on in its degree and then I can click on and by the king. That's right we have it in Lincoln profile as you can just go directly in the link to earth right. And that's actually how most of our most our customers find it through and Graham or through the blogger. You guys are on Amazon right now or you. Not yet but that's from the that we aren't as if you are healthy all eyes will be buying unless customer yeah but how hard is to make cakes or your pay because it's such as cakes pastries and another delicious big. How how for a guy like me right very limited abilities how hard. I do we credit. You are seeing buried in the it is. Not that it's it's not on the other hand is not getting of the Italian descent he's he's quite. You know quite efficient kitchen. It's like pro ball vs single and it's a whole different out there are so well. Looking at years Euro overall model that you've used to build this company started how long ago. We started ten months ago that was an that was when we launched our product for help before that we did a successful paid attached to really test out her Menem at. You do it do you have a subscription based model as well or someone gets you know take a month or something like that how do you set things up there. It's so. Right now we operate entirely on once op purchased. You can go and there it wants to write ten cake and rights and received that he can use. That's sad we are unchanged. Called short term subscription fall Oca. So that'll be subscriptions for say you alert. There. That would come to use day average. A lot of it that way. We'd like to shy away from long term commitment accent. Call right because some people like I felt du du desert time yet so we want to be able to and that's. In a way that it comfortable that we find that results flop are return that people are coming back to west. Every time. So how long you've been in business year. Products Q. At conception to product. Span. All it's it's been a year. And it's been ten months and in house business. It's going to be this past month even though it's the baking offseason we made robot will not. There's no such thing is that a yeah season yeah it gets to act it is yeah yeah. You don't bake in the summary grow in this air conditioning you don't bake in the summer growth. And. My husband's first that we have opaque to answer. To him a lot of artists or art. Now the best one I didn't pop it in your freezer I got to try. Telling. But to us for tales go this past month. We each had a record number of sales even more that holidays and no outcome which is all you can see you attribute that to your heritage. Absolutely tore marketing and we've got some theory committed lockers are out there. Our marketing for maple leaf product. We believe in the product and we've got some really fantastic Brands. Hatch and hotline dot to play their products. In a cake decree it's a great marketing tool for that and right. As you've got that your building the the reputation. May you have to check and make sure to get prop before he put it on your name. Absolutely it can't be of taste but I would be willing to volunteers a taste tester. I just put that out there let's talk after it's out aren't they I Brooklyn does that make injured Berkeley yes their fertility. And how many employees you have. Rate now we are on our administrative team we've got six feet and it would ballots. Eight employees working for us immediately with an action and then once I have put their goods in the package known amount to a small team if they're they're working hard and well I didn't I'm in their profit column making sure everything we. I'm a perfectionist. Makes it and everything looks tied with the UPS and tied with about UPS or US now. So we actually used a combination that we used EPS for the long haul US mail for the short. Very good luck congratulations thank you I I love talking to successful business owners. And I wish you the best it's taken a crate dot com. That's right taken a crate dot com and again you can also find us on all of the social media can finance our face back and on Inkster. Mary get well congratulations. That's Ashok Carol from taken crates dot com. And we'll be right back from our insurer match dot com Steve. You gun barrier and strong tough financial exchange. Look financial exchange radio network. If you're looking for a great deal on a new counter program you should check out the -- rewards program to leader bank is now offering it's and checking account along with the companion savings account and as long as you qualify you'll receive three benefit at first you get a savings rate of two point 05% annual percentage yield up -- your first fifty K all of your ATM fees from use and other banks will be reimbursed and you'll get 1% cash back by using your debit card and visa credit purchases just an upper do you statement with the account direct deposit at least 1000 dollars per month and do eight debit transactions per month cult leader bank right now at 8776917900. To learn more about the -- rewards program at 8776917908776917900. 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 presume rewards will learn zero point 10% annual percentage yield on savings balance member FDIC. Hi everybody very are strong here from the financial exchange and I'm joined by Jake too who's a senior vice president. At liter bank. SBA loans. Boy they've been around for awhile but not everybody takes advantage of them and very few people know how they work. They spare yes we we to a lot of small business lending its leader bank. Where preferred SBA lender which really means we can maker decisions in house you can quickly within a couple weeks that. So we've been very active because a lot of small businesses have been growing in this economy so for example we have a special right now. Which is small business loans up to 50000 dollars were operating a fixed rate of three point 99%. Fixed for four years and no closing cost. It's been a very popular product but more importantly we're really helping small businesses who need to grow and expand their business. There's a lot of uses pretty small business loans and if you couple examples. We recently helped the restaurant in Cambridge that was doing so well they actually need to expand in this space next to work. We help them local law firm. Who needed a line of credit to help. Expanding its business sure we help today on local trucking company by a couple of new trucks because they're expanding it so there's a lot of different user is there's there's really no limitations on and it's longs for a good corporate use but it's 50000 dollars you pay it back over four years he interest rate is three point 99%. Exactly. With no closing costs it's a pretty attractive program and it's our way to canning work with the local community and build small business relationships. Very good folks that's actually from leader bank if you wanna learn more about SBA loans call them toll free 8776917900. Three point 99% to pay it back over four years. 8776917. To 900 porphyry. 877697900. Or check them out online at leader bank dot com. If you go the last that protection -- you'll get more than fifteen million results -- supposed to make sense of all that information could you believe and where do you start Cushing in Dolan the experts and elder law have written a brand new guide top misconceptions about Medicaid a remarkable -- this guy details thirtieth the most common misconceptions about using irrevocable trust to protect your assets get your free guide that 8668485699. Thank you have to give up -- control and again I think you have to ask permission from your kids to use your own money not a chance I think you're going to have to pay higher taxes if you wanna make duress that's unavailable for nursing home costs nothing could be further from the truth look there are a lot of so called experts out there on the Internet coming to you from all over the world gets an information from a law firm that has been helping families like yours for nearly thirty years called for your free guide today 8668485699. That's 866848569. Million you can also download the guide on our website at legal exchange showed dot com. Hi this is more bureau CEO of insure a match and proud sponsor of the financial exchange with Barry Armstrong. You more likely use one of the major troubles likes to book hotel rooms rental cars or airline tickets they're great one stop shopping sites that are convenient and helpful. Well insure a match the same thing except we provide you with multiple insurance quotes from the top rated insurance carriers to help you shop in one place. For all your insurance needs call us today at 84 or 99 match that's 84499. Match let us review your current auto or home insurance policy and see if we can find you a better deal. Even if you're comfortable with the policies you have it's always a good idea to get a second opinion you may be surprised with what you find all right now and we'll send you our spring insurance guide for pre. Complete with checklists for your home and cars that guy we'll help you decide if you need to make any adjustments to your coverage. Call us at 84499. Match that 84499. And they TCH or visit us online and ensure a match dot com. Get your thoughts and questions seem instantly takes the financial exchange had 68680. This is the financial exchange on the financial exchange radio network. Courteous is brought to you by Arnold's lobster clams are located on US route six in east ham Massachusetts. Arnold has a great raw bar including Wellfleet oysters lobster world fried clams. Terrific onion rings and more call 5082552575. Or visit them online at Arnold's restaurant dot com. And here's a trivia question for you were doing trivia based on the the first landing on the moon what was the name. The I don't know pilot miniatures departure. Which president's signature is on the plaque left behind. By Apollo eleven. Astra 68680. Is or text number. Which president's signature. Is on the plaque left behind by Apollo eleven. Astronauts and I would remind you that you're competing for. Tucker remind everybody week we like business owners and we started doing the segment probably the six months ago talk. I. Seems like November December. You know so it's been awhile and you know you come in studio you'd get an opportunity to talk about your company will push out your website it's. That the purpose of it is in the east my idea behind this segment chuck lose charter. Was to inspire entrepreneurship. So we were named Tucker Tucker I think I get one of the you when you spot but that the whole idea behind that segment is to show you that you can start a business we did you know all different types of this. A pro at twenty to business has not been the same now that they're all different dialogue different challenges they'll different upsides and the alike on the work to do. They want to talk to that this company and all I would do mr. There's a Biotech company. That wants to radical. XP extend the human life. Yeah handily do it like I think about it I can reports. I don't know I really buy this. I don't know everybody is and we can debate whether it's worth the best it's company called human longevity incorporated and it says that it can sequence person's DNA combined with other test to identify how long so little live. And what can be done to extend patients'. So it costs talker just to put in perspective. 25 ground. It's different guy. I think the whole idea is unity late on a 56 years olds like pain in the 25 grand in the eighth and the sequence by DNA in the Acie Law Armstrong in eleven years you're gonna get lung cancer but we can fix that. By you take these pills. In the system my interpretation. You take these pills archer and use you'll pick it. I don't buy. You don't buy it meaning you would spend 25 grand you don't believe probably. Don't believe I figured I'd like they have not figured out how to make people look for now. Well Betty I wouldn't you pay 25 grand to avoid getting cancer. Well that it would you take 45 plan to have really having. Brain tumor but when it but it can't do. That's the problem with that will know it can detect some hereditary but he can't connect detect things that are caused by Leo random mutations that down the road if you're up early signs in your DNA that maybe you're getting it and it can detect but he can't do anything. As we have no idea about the false positive rate we have no I mean. I'd have to deal under arrest would you like to know if you're gonna get cancer. Really you. Mean kind of take life as it is you know. I mean there's no way you're definitely you know point it I should be asking this question were too young you're Julia. They asked me out here that are. Younger or older you know my you see when you might start thinking about your own mortality. On the every one of us on this planet world going to say no I had died considerably sooner than you well. You know likely. I mean guys like it. Lead poisoning. Lead poisoning cut that real widow living with different. I don't know about that they like when you get shot that's. Never heard that if that they don't make bullets that'll let anymore so I don't know. They I've got a positive economic and I've got proof I am. Undeniable. Proof that the economy's getting better. That's what this one's actually legitimate this is legit this is actually legitimate men's underwear sales are going through the roof. Proof and that proves that the economy is getting better I eat it and I'll tell you what this is an economic indicator that has worked for a long long time. It is the underwear indicator it sounds like a joke it's not okay very sure underwear prices are up 34%. Bolivars or use. Boxers. I'd do blocks please. Can't you do little indecisive you know the fifth issue no fact at a and the sweaty underwear index is the best indicted in all of economics it's you're seeing a significant rise in the price of underwear that people were buying. Only among men. And that's the one that matters he women. Wish we could be on their last dime. And melts drop. Yeah in the still buy a ton of money on it and under underwear for a woman is much more open and I have pairs that like six hole all right it we don't attitude usually we do not need the details lot of levels placement and a lot of holes. I have what it looks kind of like skirts points with six was cheese that's not what they all wanted to do was push out the story about the underwear indicator. And how would we go we don't want it to do. That would leave you guys are not cooperating. You're not cooperating I cannot get any help here and in it so we're gonna move in the. Now know pretty much know what's happening is that a lot of brands are doing a lot more in terms of customizations apparently are custom underwear is very popular these days I get mine at BJ's. Now. Do you why do you do any monogram or hear anything. If. I go there every week goes through his mind with the. We did I told you Tucker to not let him drink before the show how many times that we had Beckham a lot a lot. They got quick announcement on behalf of Armstrong advisory group. From 2008. To 2030. World energy consumption. Is expected to increase by more than 55%. Why do I bring that up while Armstrong advisory group is offering free report it's an overview of the energy sector and I think it's incumbent upon you. Take a look at energy sector stocks for your investment Portland before you biased stock I want you to read this guy. It's available free of charge by calling 803934001. That's 803934. Zeros or one when you call. Ask for the energy sector overview again the phone number is 803934001. UP. Yes he's offered through securities America incorporated member Finneran SIPC and advisory services offered through securities America companies incorporated Armstrong advisory group in the securities American companies are non affiliated and investor cannot invest directly in an index past performance is no guarantee of future results. UPS truck is going to start testing Saturday delivery. In the US drivers for UPS. Boy they are working a lot of hours you gotta figure they're gonna have to hire more drivers they're hiring now. In a bit of a tough time Martha he hears you know why they can't get drivers. No can't pass the damn drug test is that the biggest reason is indeed that if you wanna apply for jobs. For you with UPS. Used to go and taking your time and they're looking for marijuana. And if you smoked dope or if your drink to my teacher. You know they can tell a lot when they do the testing but it's not just if FedEx has the same issues I mean. These companies are having a tough and pretty good job. I wonder if how much that would change if you did see. Legalization of marijuana that point. Good point I wonder if that's something I wonder if it's more from liability perspective that they are looking at it growing or insurance right. I would imagine and I just I wonder obviously you know alcohol is legal at this point but certainly can't operate that truck while you are drinking. You you just wonder if if you do and taxing marijuana legalized what do they do get is there a change that happens there's there's some kind of statistical data they have. This FedEx deliver on Saturdays. I believe you can pay. Extra for Saturday delivery that's against them graphics on Saturday yeah I I don't recall IE eight and UPS it seems like they are sure working on Saturdays in the in the winter right when they're delivered for Christmas. FedEx does do Saturday delivery now. Okay. There is additional cost obviously in order to do. Raytheon and they just got cleared for a two point six billion dollar order of new missiles that's the big deal there that. 2 point six billion dollars in orders here this was after a failure of a test of one of their new missile systems back in October. Figured out that it wasn't because of any type of quality issues with the the missile test here and so the Pentagon and put a contract on hold my but that was effectively move that forward after. The missiles were cleared of any problem and he possible quality each. How much did you pay for your last Smartphone we're gonna tell you where you can buy a fifty dollar Smartphone Joanna stern from the Wall Street Journal. Joins us next from our insurer match dot com studios. We're giving you the business. There's the financial exchange with Barry Armstrong and shut sun out on the financial exchange radio network. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets and our friends at the insurer matching agency can prepare eight personalized plan to get to the best coverage that the best price call insure a match at 84499. Match 54 for 99 match many of our listeners own hole and one or two cars if that describes you here's the perfect candidate for free consultation to make sure your property and family are safe and properly covered will also dig out all the discounts preferred customers like you can qualify for call insurer match to compare multiple rates and carriers at 84499. Match -- 84499. Match insure a match works at the leading carriers in the industry like -- -- Plymouth rock and -- their license for all types of insurance and they can save you time stress and money with just one phone call and wanna relationship call today 84499. Match or go online at insure a match dot com. 2016. Has been a volatile year so far for the market and the bricks and vote has added to that volatility hi this is very Armstrong if you're concerned about the potential impact of that vote on your portfolio call my office right now at 803934001. And make an appointment for a free financial review of the current uncertainty in the global market makes you uncomfortable that give me a call 803934001. In all -- reviewed your current portfolio for free that's 803934001. The appointment will take about an hour but wouldn't you give up an hour of your day to make sure that you make better informed decisions call me today and set up your appointment to qualify for this free consultation you must have a minimum of 250000. Dollars in invest able assets and you must book your appointment within the next thirty days 803934001. That's 803934001. Security suffered through securities America incorporated member camera as a PC and advisory services that your securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group the securities America companies are unaffiliated if you go the last that protection claiming you'll get more than fifteen million results. Hi supposed to make sense of all that information could you believe and where do you start Cushing in Dolan the experts and elder law have written a brand new guide top misconceptions about Medicaid a remarkable -- this guy details thirtieth the most common misconceptions about using irrevocable trust to protect your assets get your free guide that 8668485699. Thank you have to give up all control think again think you have to ask permission from your kids to use your own money not a chance I think you're going to have to pay higher taxes if you wanna -- duress that's unavailable for nursing home costs nothing could be further from the truth look there are a lot of so called experts out there on the Internet coming to you from all over the world gets an information from a law firm that has been helping families like yours were nearly thirty years called for your free guide today 8668485699. That's 866848569. Knowing you can also download the guide on our website at legal exchange showed dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank their jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases in refinances all originations are managed by leader bank's local underwriting process and teams for additional information call 8776917900. That's 8776917900. Or visit reader bank dot com. Member FTSE equal housing lender and Ellis number 449250. Subject to credit approval leader bank a step ahead. Securities are securities America income member in PC advisory services are securities America advisors. Are represented on our advisory group in the securities American companies. Barry. And chuck. Phillips and this is the financial exchange radio network. This segment of the financial changes brought to apartheid leader bank not too late to get a quick rate on hold mortgage. Leader bank has some of the most competitive rates around call 8776917900. Or visit leader bank dot com. For more information the answer to our last trivia question was Richard Nixon to. What are and that was Ricky from apple and Ricky takes home. One of our fifty dollar gift cards Arnold's lobster and clam bar located on US route six in east ham Massachusetts. Arnold has a great raw bar including Wellfleet oysters lobster rolls fried clams terrific onion rings and more. Call 50 wait 2552575. Or visit them online at Arnold's restaurant. Dot com Joanna stern from the Wall Street Journal is gonna talk to us about a fifty dollar Smartphone. That's pretty darn good in her estimation she does this type of reporting at the Wall Street Journal. And before we get to that question though I have and another quick question for how you do enjoy and a very good so how much is a slice of pizza in New York now. Well it depends you know a really great right now 33 dollars and even have that you can get a ad dollars like that's that's really good for the money I have to that. Very good at art let's talk about this fifty dollar Smartphone. I got here about 89 ally now on agreed to an up and let it that you are. Yeah you know it's terrible is. New York pizza. Is just so much better than I was not technically it's not even close to that bagels and our. Letter I got a bagel place Joanna I don't know you. I will send some bagels down your way though. Break break if it's extra for the state is no good bagels and there's no good pizza in New England. And I should say not good challenge except I have knuckle on his that is I have a bagel guy. But Amazon coming out with a fifty don't eat you know you can ask each year the year became its pride on this. Credit camera you're not helping Joanna your order throughout the parents are I got here my two co host Eddie Dee Dee. In an indicate it's it's it's awful. Got a guest here and I'm here to talk about my comment and this topic I'm not here to talk about people their bagels oh to get to bed that. Fifty dollar Smartphone we're led violent how does that work. A bit of interesting at the fifty dollar Smartphone it's sold through Amazon Amazon doesn't make the phone company called WB's Al you know. Make its own unique low cost mark on the pro actually cost 100 dollars. But keeping their happen. Amazon is putting ads on a lock screen here very similar to an Amazon Kindle tablet or. And so they're knocking down on the phone by fifty dollars. That's the first. Pink and blue make it means low cost content selling them for pretty much you know act Costin away. 21 analyst he's that we think it's bone basically cut about eighty dollars to make and you know sort of whatever it was you know. Meet in terms that design and other types of resources you're getting are really good value here for fifty dollars. You start to pay the you know Verizon or AT&T for your subscription fee but. So it's saving you what maybe forty bucks a month. No actually. But they got it unlocked and installed. On its own right that as we move away from contracts what happens now that we Dyer found out right so have fun like the iPhone and the iPod expects. Actually started 650 dollars right now mark that city's that you go you buy back on either for 250 dollars. Or you dated carrier. Look out pay a monthly payment plan and I paid for that phone thirty dollars every month or twenty dollars every month for the next two years and at all Matt solid. In this case he died at sixty dollar phone. It does not work on bright and our brand it does work on T-Mobile and AT&T. By the sound you don't get a sim card and debt and they're estimates and heater or T-Mobile or I actually think it's related travel divisive here. You're traveling you need to really keep it right to make phone calls or text messages overseas because pop in a local sim card and that's how this thing work. So I can still get Google Maps I can still get waves traffic I can still. Shop on Amazon.com what's the downside to the white lies and only fifty bucks. Still dispersed. Big downside is the camera is terrible and it is really like going back ten years in time and when we had in digital camera that weren't very good. But they're blurry. If in any outdoor they're not so bad that he endured you're you're really you know your best bet is to get pretty. It that would just they washed out and cut out. The second thing is those ads on the lock screen right you're going to you have to give up some of the bad packed convenience of having just figure Kleenex phone. And that's good that's a big deal for many people write you wanna take the fun out of your pocket and the ads from oral B your app about dog food I'd had some. I think pads and Amazon Chinatown is something in the payment dietary supplement. I'm still you know that's that is the big downside you can't get it done now per hundred dollar on Amazon without the ads. Okay and is there anything comparable to. They can't compare it to. In a pretty strange there really is and means you can certainly get really cheap sort of split founder things like that. But you know what I did the article it's really you really do you get what you pay for economic elite here it is that. With this he can get more than you paid for BQE ticket he'd arguably get a 10000 dollar phone here. But when you go under the 200 dollar price range. You can do much better leaders that phones from Motorola caught the moto G yeah it's got a better green it's got slightly better camera. And then when you go to the 400 dollar price point in the super android phone that's really where you're getting an incredible value. And phones like the one putts to reach. Other phones in that category that you are much better camera a great creating great performance. And I'm probably looking at what 800 bucks for new iPhone in the fall. Ballot plus president. It's be it usually just starting price and I reported a few weeks ago that that that based model won't have sixteen gigabyte anymore to have 32 gigabytes I think it'll be a pretty. You know going to be and I think that apple finally doing it actually that night we should be giving 32 gigabytes per a really long time but Arad 650 dollars to start. He told me last time he thought we are gonna get the new iPhone the end of September rate the announcement mid September. Actual delivery ended September you still feel that way. Yeah idea I think what your announcement mid September you know usually second week of September than a week or two it'd get them out on. On the store's staff out of the store open and to keep up houses then yeah and end of September sounds good. Very good Joanna thank you very much for your time. Here to win a stern Wall Street Journal the New York pizza we're stuck with New England pizza. I got a bagel place though what does he go to it's called bagels source. It's incline part of this now Cheney is it chain nope it's one in one place started as a food truck about three years ago if you go on the weekend there is generally forty to 45 minute wait it is actually. I have waited and I don't wait in line for anything to the get the water to make the bagels out of the Hudson needed is all unbelievable. Dow of course is up 58 points NASDAQ up 54 the S&P. Is up. Ten points thanks for tuning in to the financial exchange starring. Trucks not a talker Silva. You know me Barry Armstrong from our insurer match dot com food.