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Full Show 7-28-16

Jul 28, 2016|

Full Show 7-28-16 by The Financial Exchange

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This is the financial exchange with the very Armstrong and shut sun out. You're exclusive look good business and financial news affecting your day you're still leave your world. And 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 chuck son. I'm guessing that about 80% maybe 70% of the time when we announced a major acquisition or merger. It's on a Monday. And why were the investment bankers and work on it all weekend. They get at all packaged up they hit this he has to sign off on the deal literally on the Sunday afternoon they're flying around the country. Getting signatures. And then all of a sudden late Sunday night. Early Monday morning so. Announcement is made that accompanies being acquired little different today it's a Thursday and we have an announcement about oracle purchasing NetSuite. This is a merger in the cloud business and I think Chucky and violates truck and buried here on Thursday I think the the the merger. Business in the clouds side of the equation is probably in step up in the coming months. Well this is where a lot of the innovation has been happening. In technology in recent years people for an awful lot about the clouded if you're not familiar with that you'll companies and we'll sunny and understand the whole cloud thing. Rock cloud computing. Is simply a term to describe computing that is not done locally on a computer that is in the rumor in the building with you but rather that is stored on the server somewhere. That gives you the ability. To access that data in those programs wherever you may ghost he can be on the road you can be traveling and you still have access to that so you might. It worked just let's put it hypothetically you might work for Raytheon. In New England. But your data might be getting stored in an underground bomb shelter in North Dakota. Exactly so air conditioned you use data can be somewhere else but. As opposed to having Microsoft Office installed on your PC and if you go somewhere else you don't have that same exact program. If yep office in the cloud while you're able to get access to those features wherever he goes to the big trend. Has been towards cloud computing why. Well in a world where you have more people working for more locations. Enables it cost for a number of companies as well as allow their employees to work from a number of different place. And it Bayless had the security issue right that's always the fear you have with cloud computing news is my data secure but anyway. Oracle purchasing NetSuite when I took took a look at early this morning I think NetSuite shares or about 18%. Yeah I think they froze the stock actually. In premarket because they wanted to get their arm for a deal that did maybe it's trading not it is it is 18%. I jobless claims came out at a little higher than expected 266000. Jobless claims for the week I think our expectation of the 260000. Yet the expectation been a little bit lower at the four week moving average still fell by about a thousand from 50513000. 500. A year prior we are averaging about 275000. Jobs job losses per reader unemployment claims for per week rather. So you are down from a year ago. As well as you've seen his continued. Downward trend really since mid march now. Where we had spiked briefly back up into that 270000. Range. But since then have rough fallen pretty significantly backing to this to fifty range in I'll be very curious. Very curious to see won't we get next week as far as the unemployment report for the month of July that's coming Worrell a week away. Any expectations. I've literally been Mandela and I've I've given up on forecasting. I am only garrido I'm only going to react now forecast. Forecasting is just such a crappy if you ask me on Tuesday or Wednesday forecast a sin just you know you have to be patient. Listeners want a note chuck what the heck is happening at Ford holy smokes their stock is down. 9% to dollar 27 at twelve dollars and 57 cents. Lot of people like ward IE you know the but at tea they missed. Yet they they missed and it was a fairly significant miss years they reported net income of one point 97 billion per share 49 cents a share. Vs 54 cents a year ago. And the big thing is they missed sales. In the US as well as China and for me. The Chinese sales are more concerned. Because that's the area where you can really Steve rapid growth and that's the area you don't have much growth domestically area the US can be consistent it's going to be stable you might see some year over year growth and so forth. But China is where you need to be able to and that your business now and that's actually where GM reportedly said he worked Killen in China exactly so. It is a concern for work. But again this still is a very profitable company right now it's trading incredibly cheaply is get a dividend of four point 8% after pulling back today. You know this is a company that even though it is having a disappointing quarter here and then okay. You know it it's still is a company that has donate an awful lot in the last decade to really turn itself around. They are still on the forefront of a lot of new technologies that are expected to be front and center over the next decade and so while this is a disappointing day for owners of sport in wallet is a you know it's it's not a guessing work should not hit the panic button I'm suggesting yes that they should not hit the panic on. All right let's take a look at Raytheon they are a New England based company the symbol is RT end. They're trading up a dollar fourteen I understand they beat expectations. Yeah everything I did beat expectations largely on the back. Of a couple divisions here most that most notably. Their missile sales division increased six point 2% large waged largely due to. Growth in their pave way laser guided bomb program. Their space division also saw net sales climbing nine point 3%. Of those divisions really work. The biggest. Growth engines here. And in particular one thing that they also guided that I think was a sign of strength it was international orders which right now account for about 31% of total bookings. They're expecting to see that rise to 35%. For the full year system get some gathering strength. In the international. The Federal Reserve. Leaves the door open to move as soon as September though the Federal Reserve met yesterday. They did not raise interest rates are here wondering no the Fed did not raise interest rates. Much to the dismay of trucks Sodom and barrier for a we wanted them to but they didn't know we knew it wouldn't. Now they're talking up the possibility. Of a September rate hike I have to ask you chuck. Do they dare does the Federal Reserve does Janet Yellen. Have the guts to raise interest rates less than two months away from an election. I don't think they do. I think they should this have been a very cautious fed and if you go on to by the CME group which is Chicago Mercantile Exchange where you're able to bet on. The Fed rate based on futures contract. Currently today there's a 24%. Chance. That the Fed raises. In September that is up from 18% yesterday they bought in a little bit now because he's a little bit of a bind now. If you do get a big jobs number coming out on Friday. Next for a if you get big jobs number coming out next Friday so week from tomorrow. Well then maybe we've got some in the talk about but. You know and two weeks after that or maybe two and a half weeks after that jobs report you get me Jackson Hole meeting out in Wyoming. And often times historically anyway. Alan Greenspan Ben Bernanke they would often times tipped their hand at that need because it's a more casual meeting. For it and and historically. It's been a meeting where they've raised rates are lower rates and kind of said hey this is what we're thinking long term you know all week we talk about the election. And why the Fed would not raise rates prior to election. But I want you to go back in time folks and look at the election between George Bush and John Kerry was now Longo and a lot of lot of you were voting in the island. Look at that and you'll see that the Federal Reserve prior to that election was in fact raising rates. So here's something that's not interest in is going out and looking at this tool so the the projection for November is pretty much the same okay about a 25% chance of a hike. In December it goes up to 839%. Chance that you average bumped up by about one hike. That effectively doesn't change then until it it doesn't change it all through July of next year through these projections. Going out to July of next year 41% chance that you are still at fifty to 75 basis points point five to point 75%. While so pretty much what people are saying look you may get a hike in December and then nothing for six months after. Well I'll tell you see if they did a hike in December track and then two hikes next year. I'd be okay get an ambitious I'll. Well you know it won't be the what I'd like to see is you know the you've got this balloon that is being created. And you have to let the air out and they have to try to figure out how to we'd let the air out of this balloon without. You know it exploding with the needle you know you don't wanna put a needle into it and just haven't explode. So you wanna let the Arab very cloak quietly I don't know if they can do I I really hope. I and I'm sitting here and and I've very hopeful that the you'll raise rates at least one more time. In 2060. Up next we're going to be talking about FaceBook you might be looking at the ticker and saying why is it up 3%. Well in the next segment will be joined by Paul Sweeney from Bloomberg intelligence will be taking a look at the FaceBook earnings report. And the increase in the number of users that they've had it's amazing and absolutely remarkable company. FaceBook is the next topic from our insurer match doc on studio. Us every time the candidates speech that could affect your bottom line here how election Tony 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 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. 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. Series offers you securities America incorporated member and SIPC 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. 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 as the checking account along with the companion savings account and as long as you qualify you'll receive -- benefits first you get a savings rate of two point 05% annual percentage yield up to your first fifty K all agree to MPs from you 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 these statement with the count direct deposit at least 1000 dollars per month and you eight debit transactions per month cult leader bank right now at 8776917900. 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Request this brand new guide from Cushing handled the top misconceptions. About Medicaid irrevocable trusts. 8668485699. Pull free 8668485699. Do yourself a favor call and get this free guide right now 866. 8485699. Security to the securities America income member in PC advisory services are securities America advisors. Are represented Armstrong advisory group in the securities America companies that we. Only this there at the charts graphs and numbers all day just listen to us it's the financial exchange with Barry Armstrong and jokes on us on the financial exchange radio network. During the last year FaceBook has added 220. Million. Monthly active users. An amazing company in amazing stock if you happen to own it. We're joined now by Paul Sweeney from Bloomberg intelligence to talk to us about their earnings report. They came out just after the market closed yesterday hi Paul Dario. I thank you so help us break down the highlights from the FaceBook earnings report if you would be so kind. You bet you know this is a company that reported you know very strong results last night after the close they beat on revenue and EPS pretty handily. I think the number that really jumped out to investors was that there top line revenue. Grew 59%. And a quarter well above where the street Louis. Forecasting. And what about any other Internet companies out there are so this company whose stock has done extremely well because they've executed in terms of growing their business in terms of users and revenue and last night's results for real exclamation point on that. How they monetizing it. And threatening they first somebody who uses FaceBook. I don't see how they make money off of me. That make it from advertising so you're probably seeing a lot more ads in your FaceBook feed. Initially they were just text says. And they were. Some pretty dead and now we are seeing is a full motion video ads and those of the ads that advertisers really find valuable going to pay force so. In this quarter. You know there is very simple for FaceBook. They're user base grew. Which is good for advertisers. Peso was able to sell more advertising per user on their platforms so. From a revenue perspective the pulling all the levers that they can they're growing a business in terms users to and they're generating more revenue per user. And I think gets take a look at some of that forecast for the next 45 or six quarters. You know the street expects us some pretty strong growth that at this company. Did they tip their hand Vista virtual reality at all they talk about that during the earnings. Big eight did they can get a longer term debt to them they think their virtual reality is going to become would. You kind of a very important part of social interaction on the web right now. Most of the social interaction they see on social web sites like FaceBook. Obviously is text space with your phone and your computer and so on but they think a lot of that going forward will be more. Video based and you know virtual reality based as well so that's what they've made that. Two billion dollar investment and a company called soccer this rift Mark Zuckerberg the founder and CEO really thinks that Berkshire reality it augmented reality. Will be essential to social interactions going Ford and and they placed a pretty big bet on that. I agree I agree what about search they alluded to getting more active in search and that's really been Google's. Net state if you will. Yeah I think gun yet they talked about democratic grass search which is just simply saying. Right now search is an algorithm. True then service you know primarily at dominate obviously by Google. The FaceBook folks saying listen we have one point seven billion users in our social community. And that is a lot of data point so if you go to search you know where should go to. For good Italian restaurant. In the back bay. Would you rather have a school. Certainly does serve up some search results coming out where the or would you rather have people in your FaceBook community sick. This is what we like. Would that be more relevant to users I think FaceBook is saying that. Our user base. Can really. Act as an algorithm to serve a very relevant search results so that's something that they're working toward that thing it's more the longer term play for them. Of course anything about search cool as the dominant player with over 75% share of us search in this and the US. Did their pricing power in the raise their rates and at and. Yet they'd they'd be razor rates that revenue per user was up but almost 10% here in this quarter a year every year or so. They have lots of letters to pull and what it really comes down to is having a bigger audience. In more engaged audience. So that they good advertisers and charge higher rates for advertisers advertise on the platform. And again with you know revenue growth of 59%. The provision of putting. Paul thank you very much for your time we appreciate it that Paul Sweeney Bloomberg intelligence talking to us about FaceBook. Italy you look at that company yesterday chuck we are talking about Twitter and they're not growing here basically they're user growth this flat. No these are two companies that are moving effectively an opposite directions right now FaceBook. Pretty much since. Mid 2013 Siegel back about three years right now. Every single thing that they have tried his warped I mean that they have knocked it out of the park since then you go back to mid 2013. The stock was trading at 25 dollars a share. You have seen the stock quintupled. Since then and it's not because people are buying up a company that isn't grow its. Because of 59%. Growth rate. And at this if you Youth League we marvel at a company like Amazon with Amazon gripe about 25%. An in what's what's important here is the revenue OK you're talking about a company that for 2014 to 2015 and grew revenue from twelve and a half billion dollars to eighteen billion dollars if you. Let's think of the stark difference right Amazon's growing their revenue at 25%. Yup Facebook's growing their revenue 59%. FaceBook doesn't actually do anything. In in terms of like Amazon they're growing but they're doing it the hard way right they've got brick and mortar they're delivering goods so. You know think about the margin differential between FaceBook. No and I today it at night and day FaceBook could dial it up anytime they want right they've faced look at increased earnings anytime they want. It's pretty amazing to ought to look at what they are doing right now against six point two billion dollars an ad sales. Thought this same quarter last year. They did for billions in US you know united two billion dollars in sales in the same period right there they're gonna end of this year when it's all said and done. You you run the mapped out for the next few quarters here. They're gonna end up somewhere in the ballpark of 24 to 27 billion dollars and rapid pace to be Killen television. Lot of the ad dollars are going now like I mean you look you've seen or you get six billion ad dollars that are going here that are no longer going to print radio or TV. It'll be interesting to see how much of this money goes to FaceBook in the presidential elections this fall because. Really all that money that we marvel and we talk about the the money that's been accumulated. You haven't seen anything yet in terms of TV ads in and FaceBook ads it's all gonna start right after labor. By the way the the size of the worldwide advertising market. 600 billion dollars. In the US to about a 187 billion dollars so you look at how did they just started to scratch the surface they have 1%. Of the global advertising budget this point there is so much runway for growth if they are able. To continue on this path there and that's why the company as the valuation it does is because you look at that ad budget. And you say OK do I want to spend this on Twitter well known companies are pretty much telling you that too I want to spend this on print medium well no we've seen what's happening newspapers do I wanna spend this. On TV you know we're seeing what's happening okay. He's the problem that television has struck is. You know with television. You fast forward through the commercials nobody watches TV commercial radio I think you still have the people still listen to radio commercials was there in their car they drive a worker it's in the background right. EE you don't fast forward through radio commercial. Geoff it's it is really impressive what they are doing. And they are clicking on all cylinders were out there. You know I trivia is brought to you in part by. Arnold's lobster and clam bar they're located on US route six in east ham Massachusetts. Arnold does a great raw bar including Wellfleet oysters. In 1975. John Belushi became an original cast member of which television show 68680. Is our text number. In 1975. John Belushi became an original cast member. Of which television show. First listener with the correct answer at 686 days that's or text ever wins a fifty dollar gift certificate Arnold restaurant. They. Good into the tournaments are tough. Making your Smartphone even smarter. Dell logo mobile lab by surging financial exchange joke in iTunes or those who who played stores. This is the financial exchange radio. Network. 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 he'd 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 to securities America incorporated member and SIPC advisory services offered through securities America companies incorporated Armstrong advisory group the securities America companies are not affiliated investor cannot invest directly in an index past performance is no guarantee of future results. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That's legal exchange show dot com. 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Hi this Marc bureau yield 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 -- -- for 99 match that's eight or 499 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 co chairmen 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 EH or visit us online and ensure a match dot com. Its financial exchange at your fingertips. Well. Thanks succeeding six AB and it's the financial exchange on the financial exchange radio network. Some of you are asking why we're doing trivia about John Belushi protects lights X 8680. It was on this day you're 1978. National anthems animal house a movie spoof. About 1960s. College fraternities starring John Belushi opened in US theaters grave movie. Well you know I it's idea that loose I was a kid and and that's when I learned what college is all about just starting college. I was so much for turning college. We were that the attorneys at the movie was based on the guy who wrote it was in our fraternity at Dartmouth you're kidding now. And yet junior. For charity picked up the campus we did it we did but not after your act Mallard. Now about the stun gun. If so what is it illegal fraternity now account what happens when that hackers we're very subversive obviously you know trying to you know kinda get back at the man and everything that's what we're all about these days we'll who won. The fraternity battle where the jeopardy contest. Everybody wants to know when the tree Emilia 500 people that play trivia. And they live as they wanted to open one because it's a fifty dollar gets into. We did have about 500 people playing this time and frank from Oscar bill takes home the prize of the fifty dollar gift certificate. Arnold's lobster and clam bar located on US route six east ham mashed. Arnold says 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 from. And for me you know we talked about McDonald's yesterday because they reported earnings. And their stock went down. Because. There same store growth was a little less than anticipated still grew at the news I went and half 2%. Whole Foods Market they've got to be getting really pummeled today as our fact they are they're down 8%. Based on declining same store sales. Asked to be nervous times if you are in management at whole foods same store sales down 2.4 person or two point 6% for the period analysts had predicted still a 2.4 percent slides this was even worse. Then they were predicting here. They're trying to go through cost cuts at this point that they're trying to. Open up new stores at lower price points we wouldn't rob their margins don't want to pay for now analyst pay for it they whole foods the entire at. Attraction to the stock. Problem you know kind of view you look at it from like 2008. Through 2013 the entire traction. Was they had that margins in abuses that never does and the reason was because they charged a premium for product that not a whole lot of people carried at that point well the problem is. Everyone else wised up Stop & Shop wised up and offered wised up. Wegmans did you know most importantly Wal-Mart did. You know who or Wal-Mart at your right I was in a Wal-Mart last weekend and I was very impressed with their usually walk into Wal-Mart. And their Prodi's used to be just terrible it absolutely certain their produce at the Wal-Mart was terrific. Market basket has increased improve their produce that's what you're EU would go for and you're right you have to pay an arm and a leg he walked into a hole. And and the problem is those margins that used to be so fat everyone else realized hey we can get into this business at a lower price point and still keep our margins intact. In whole foods margins of just eroded completely that it that is the entire story here. They still profitable they're still making money so you know whole foods isn't going out of business anytime soon. But this is a company that the last two and a half years now. You know they've shed about ten billion dollars in market cap there about half the size of what they were. A couple years back. Actually I was gonna say they're ten billion dollar company now. I wonder I don't know that anybody would want them. Not at this price it's it's steep compared to where most grocers are I will give them that they still have a superior experience the problem is you can't do your whole shop there. You know like I I like total foods they like. I like their prepared foods in May go in and buy a chicken wings or dinner whatever it's so expensive it is expensive but you're never gonna do with your family. Right you and your shopping EF five kids you're never gonna do you shop poll. Though not a chance at not not for not a chance you make a lot get one or two items in India big shop there. In a storage ball. You know see your selection even if you wanted to do your shopping and you couldn't because there's elections of you think that's small yes I wish you'd you compare. Compare the biggest whole foods you've ever been in Denton and then compare the one I'm thinking of his wrecked on the highway. And then compare that to. Your typical Stop & Shop Shaw's or market basket. You know those stores are probably four times the size of at least they hang them whole foods is early there that any Stop & Shop owner doesn't. Real yes and I but I go to is in Dedham and and then that it's a big one today if it's nowhere near. The size of the Shaw's that I have in my town Mario. That's just. So I've actually I've done a little bit of research on this who has because I was a little bit curious. The average whole foods and OK is about 39000. Square feet and now okay. The average. Mowers the other material. The average. Supermarket as a whole is about 46000 you're right it is about the elected I yeah. About fifteen to 18% smaller than the average super that's not that much though. I because I think of the differential being much greens. Notes it's right that ball partner this may include some smaller city based ones are I don't know about excluding that I. I would have that includes a little bodega is in New York City and things that you know does that you know I I think of gore for store and plays. Completely different average Stop & Shop size. Is only 48000 square feet are only a little bit bigger than that I'm surprised stood at 20% difference when you look at it from that perspective and that's that's not nothing what 20% difference in size and probably. 30% difference in price. If not more on some things I mean. They guy it's it's unbelievable that Chile is if you wanna buy fish beat turning like that oh it's awful and in the Prodi says come down but he is either apples and things that are endless expense and but the cost of the ancillary items brutal are pretty high brutal hit to far and abuse quick announcement. On behalf of country and Dolan. We're at the end of the month and they're getting away guide its top misconceptions relating to Medicaid your vocal trusts. Many people track are afraid of giving up control to their trustee in the use in her book will trust is that a valid concern. Absolutely not you have the right to replace your trustee at any time so if your trusty decides to misbehave. Oh yeah fire. Anyway if you wanna get a copy of this guide it's called the top misconceptions about Medicaid or vocal trusts. 8668485699. Toll free 866. 8485699. The guide is called the top misconceptions about Medicaid you're vocal trust brought to you with compliments from Cushing and dole and 8668485699. In news out of Volkswagen. I saw their shares. Dropped. The beer 56% drop in quarterly after tax profit as a moderate. They did not see yet was not a pretty quarter for the net that was largely expected obviously with their sales being down so far the stock didn't really move a whole lot. On this news. But they did have a 56% drop as you said in their after tax profit. Down to one point two billion Euro from two point seven billion Euro a year ago so significant impact on the bottom line here. And this is a company that still has an awful lot of litigation out there it still has an awful lot of regulatory issues is sorting through it's going to be again another two to three years before we're through this. Tucker and chuck reed is ready for some more marital advice. On board. Aerial. Yeah sure you to get what I thought I don't know what to say like I don't know it to air stop exactly I don't really care. Cut to commercial a Harvard University study suggests take a break down overnight. A Harvard University study. Suggest that neither financial screens no or women's increased ability to get out of an unhappy marriage starting in 1970s. Is typically the mean reason for a split the main actor. For marriage to do. In dissolved sure about now. Harvard's sociology professor Alexander. Hill now is the husband's in appointments that. For the past four decades she discovered husbands who warned not employed full time have a 3.3. Percent. Percent chance of getting divorced in any given year compared with two and a half percent for husbands and political types so. Here's the advice. Always work full time because if you don't work full time you've got a much greater likelihood of getting north. Subject to get visas. Free marriage counseling. So you're saying I did do the pre pain nothing so I'm trying to work through this mentally see this thing that is study on this series saying that if I were to retire. I'm likely to get divorced and it won't be the wake of the watcher around its full pines will that much I know. You know that that much is definitely to validate this is like a study that was done over 4045 year period time. Work full time where the lights in his ticket to the curb. Doesn't seem like particularly good and sent is a hot topic that those are startling numbers 3.3 percent vs two and a half percent. Do we have any information on you don't try to saying change the sub one cares if it splits LA part I popular guest is justice a securities to its puts out dark time bulls. I'm full time. Future but to work you'll get divorced women like men who work full time. It's that simple you guys need to see these little things the need to take wisdom then from the old guy. I get a hold notebook full bury you guys. Write it down if you do it then no would work. But it also got a pretty good that notebook. The work and be thrown in the closet. Be successful and your wife fault divorce news Lisa decreases the likelihood that your getting divorced up next we're going to be joined by. Jack Moore from thestreet.com I have no idea what stocks he has forced and maybe they didn't tell me. But it will be fascinating as all stock tock is up next from our insurer match dot com studios. For breaking financial news. The financial exchange with a Barry Armstrong and chuck sub 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 that the insurer matching agency can prepare -- personalized plan to get to the best coverage that the best price Paul insure a match at 84499. Match 54 for 99 match many of our listeners own home and one or two cars if that describes you you're 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 8449. 84499. Match -- match works at the leading carriers in the industry like -- -- Plymouth rock and more their license for all types of insurance and they can save -- time stress and money with just one phone call and one relationship call today 84499. Match or go online at insure a match dot com. Titus 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 as I DC advisory services officer securities America companies incorporated Armstrong advisory group the securities America companies are not affiliated investor cannot invest directly in an index past performance is no guarantee of future results. Hi everybody Barry Armstrong here for. The financial exchange him joined by Jay tool who's a senior vice president and leader bank. And leader bank has an exclusive. Program for those of you who are landlord if your Cora collecting rent from 110 and 201 tenants. He ran it might be something that you want to look into Jake talked to us about zero how long has it been around. We've been offerings he ran for almost two years now two years and his have been successful Steny extremely successful we've. Offered this product to really target hardly in the hours we're still collecting checks in paper form in this day and age. And the purpose of zero needs to really bring everything online meet electronic but more importantly. Have a piece edit and forget it so what's a landlord hazard 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 can you choose the date of the month does it always the first of the month or could it be there that's a sign attendant on the fifteenth had to be the fifteenth of every month yup absolutely so landlords that's 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 filling in more banks with OK so if your idea landlord you have your bank account leader bank 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 over waive the fees that's. Pretty pretty simple it's pretty cheap and it's a great product are lame or perhaps the only club. Lot of our it's called zero rent and the website Ford is www. Zero rent dot net. Or you can call leader bank hit 8776917900. To learn more 8776917900. Collect your rent electronically makes an awful lot of sense to me the phone number again 8776917900. Or visit. Zero rent dot net. Started. Stuck with the Barry Armstrong in just gonna he's the financial exchange on the plane into extreme to radio network. If you want him creative investing ideas yet who listened to stock talk. With chuck sought out and Jack Moore from thestreet.com. We do indeed have Jack Moore with this right now and Jack I appreciate you joining us today. Our order that we got a few companies to go through let's start with one that. Most people probably are not familiar way it and that is an XP semiconductors. Talked me a little bit about this company what they do. Very and I mean from Edouard expected my partner that come by. I promise you that every person listening. Is. Did that companies involved with the lights there in their they're the ones that created the our contact list transaction that they'll did apple so there and every single apple. One girl and every single car so you're listening out the radio listening. Any type of you're utilizing your entertainment system you are at it they're the leading provider for our. And are actually the chip provider. I think when he it out of me up car manufacturers you'd done. Editor in order to that facility and then dirty and and when you have you are are are you that. You know suicide ignition switch that it is and it is technology that they provide security so that. The transaction and our ability. But I'll open it transaction secure they'll provide. The armed activities that you have and then encryption you can't worry. There that chip that also in your credit card when you. Like that now news on that ship. All thought it the secure chip transaction arms but it bit they'd bring back up the week and activity in thirty. And a way that it is. And it's very under he would pretty much. Metric. Jack where is the biggest growth happening for them is there one division in particular that stands out as growing the most rapidly. Yet back so the very interest in one inch on that met street on. They signed contract in China that it will be. He chip provider or Indy you basically see it here he ought to appoint New York you'd. Used quite that there went the card in China that are going provider that owns about. In the Chinese occurred transportation and you're using public transportation is used their own and you attic he chipped acknowledging that it would not. The military. Each transaction. And public transportation and I think in Armitage that an enormous regardless of where where where you and in terms. There economic prospects the it doesn't an enormous amount of that norms of transactions Sunday. Have won by the year and other relationships with with Chinese that special across the proper but I think that. A very just and it's been an orchestra up in here and on that I don't many investors even recognize and. Very good now let's turn over to a company that investors are probably much more familiar with. And that is Cisco Cisco the company that in march of 2000 that most people remember back gas sixteen years now. Had the highest market cap in the world at that point of 555. Billion dollars. Today it's market cap is less than a third that a 153 billion dollars it has been stagnant for the last fifteen years now. And I'm curious if you think this company has some growth opportunity or that's going to be more of the same. So it centrist think that would in which are probably the cooker. Yeah yeah. He made a strategic. Decisions and it was a armed security. And correct it and not just. Using those short but actually implementing them and so you have the earliest adopters that discuss third of the total strategic transformational British or other resources. Await their Leggett he switching and routing business which is important but it is in he's at the stagnant industry. And they for acquisitions group yard investment. They've created one of the most formidable clout. Correct it. And security networks and the world. They actually have a hundred dollar albeit meaning that. There enterprise customers. Have their hundred billion dollars. We're the revenue under at a price customers that they can leverage. And up now. Essentially on national infrastructure network and which is. Extremely. Bad extremely. Big ego and eight. And and move back into the clout in your way and there are also. Working with not the numerous developers to. Decree messaging out art form that and and encryption and that is that it is now around a third of their revenues that are 30% clip. And it I'm Mark. Martin and it also is description at urban model so it is highly recurring revenue and and you that would report I've spent dividend yield. I'd elaborate on the ash and they're in Europe got a company that. The debt or are on the cutting edge I think in and out of thing than the trip are. Our IRA will Jack I appreciate you joining us and a thanks for the info on both these companies here. Our. Jack Moore from the street the two companies that we just talked about Cisco has the ticker she asks CEO. NXP semiconductors. Has ticker and XP. On how many times has somebody asked us how alien fest in marijuana. Right Davis who many times defense listeners we've had clients. Now you know people said well you know recreational marijuana is going to be available across the country already. Largely in Canada right and this is a Canadian company that we're talking about but now you can invest in what we would call a cause I legitimate. Canadian company that specializes in recreational marijuana. I think was a legitimate is the right turn it. And in in my opinion. This is a company that. Even after you know getting on to. A major Canadian exchanges Arnold are on the Toronto Stock Exchange. Still has a market cap I think bus somewhere in the apartment 300 million dollars. And that may be. Valuing it pretty steeply. Pretty highly I guess would be the right I earn that much better choice there weren't very highly valued as a candidate style. But look it is the first. Marijuana stock that is listed on a major exchange this point two prior to this you've had them all trading on pink sheets and over the counter. It's kind of they have kind of a big day. And the ones we've seen the Lou we've warned listeners though away from this one the symbols gonna be wheat WED. You just gotta open doesn't go and smoke over. That's chuck is not a talker Silva at the Helm and very Armstrong from our insurer match dot com studios. Hi this is very 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 if 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 of the right SIPC and advisory services offered through securities America companies incorporated Armstrong advisory group the securities America companies are non affiliated and investor cannot invest directly in an index past performance is no guarantee of future results. 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Match to make sure you're prepared for the road ahead. Meat pot luck 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. Is that true it's absolutely not true and very let's think about how long we've been doing this right you know how many clients we share that they have started out here in Massachusetts. And then decided to move to Florida or to 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. 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 tape aura around Europe on the one 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 for picks up the trust at ten years ago they're not gonna start their five year clock over again most of the new house is protected that by your look back into houses automatically just as protected as the old one was so there's no hesitation in selling and 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 requested brand new guide from pushing and dole and the top misconceptions. About Medicaid irrevocable trusts. 8668485699. That's full 3866. 8485699. The yourself a favor make that call right now 8668485699. 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We're now very confident that she's safe and they just helped every step of who. The so if you're struggling to find reliable senior living information call plays for mom this is a free service and you can trust them to help you. If you are struggling to find reliable senior living information for your mom or Jack didn't call or go online to get that we help you need during this turbulent time call now 804677530. 8046775. There Pat Boone here with a word about banks' safety you think your money in the bank is safe. Don't bank Garnett a generation ago bank account felt secure and they paid interest this encourage the virtue of thrift. Saving but today. Bank accounts paid virtually nothing. And it shifted from lower risk. The 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 became a best. 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Exclusive look at business and financial news affecting you use the new world. Informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks done us. I hate to be the bearer of bad news but I'll tell you what the stock market's not having a great day as a matter of fact check its that your phone Thursday. And have a great week. Little jittery out there it's I mean you haven't seen it hasn't been a quick slide by any means but it's just kind of been this drip drip drip. Over the last few days here today continues it with the Dow off about half percent. S&P off better court percent NASDAQ still hold up a little bit better role only down. Point 03%. Right now the ten year treasury. Has been bought into little bit higher. One point 52% there so it's you're seeing a little bit of a flock to quality and safety right now. You don't living in New England. Yeah a year you're not part of the country. That is renowned world renowned. For medical research in one of those companies that does Biotech research and medical research is a company called Vertex Pharmaceuticals. They have a cystic fibrosis drug that is on track shock the top one billion dollars in sales this year yeah no isn't it or. Not just a cystic fibrosis drug but one that was released just in July of last year's this is the first year that it is on the market and they are projecting. Guidance of one to one point 4121 point one billion dollars. For this drug as well as another 700 million for another cystic fibrosis drug they've developed back in 2012. So they are seeing. Very good growth in both of these drugs right now and continuing. She really generate some significant revenue from some drugs that are incredibly helpful. To people with these disease. Vertex stock trading at about 95 dollars per share and in India's an amazing company I'll tell you why David Ortiz news. Going to retire at the end of this year added that is his Ian now sending doctors know he's definitely retiring having a banner year those. Yeah but his feet. Can no longer function at this point. What you mean like he has horrible fever is obviously it's probably two hours to get ready for game no kidding looks like he's got cement blocks and his plea to something you'll ruin them anyway he's retiring at the end here but. But he is throwing his weight behind a new baseball gaming app called fan as he called now. I have to tell. It's fans call. That's added with a Z it fancy college say the new cat food. I I anyway I I read the story and I said I really like this because. I find baseball to be painfully boring you know if you wanna watch a sport watch hockey. Right that that's that chuck and eighties you get you get sixty minutes. Of action on life the best sport that he can watch less than what all you get I think maybe eight minutes or is there about eight minutes of what the guys are actually playing. In Sydney Games. Little bit more than eight minutes that the. Not on no no it's it's not too much more actually football games have eleven minutes of game action. Well how can I ask how far it's eleven out of six act actually going and hitting each other believe or not so this is in the in the game and everything. It is 67 minutes of players standing around seventeen minutes of replay is eleven minutes of playing time. And three seconds cheerleaders is what you typically see in NFL game on TV. He's three seconds of cheerleaders. It just goes untouched they go back and forth between commercials my point is the. The year based out with a point I was trying to make you please keep distracting me. You're either you have eight DDR I've got AD I think what it us or all of us do and I'm real proud really a problem or. But I was going back to make my point that baseball is terribly bored. But Ortiz is getting behind this call company called fans call and I liked this idea. But he did the downside to it is I've figured out a way to make money. Don't know I loved what the idea is is it allow those top players are not not players but it allows. People in the stands or watching on TV to guess what is going to happen in asserted that he can guess it's going to be home run he gets to be strike a. Don't you all do that a general like when you're watching game which I never do but when I used to watch baseball. I used to try to sail I think these guys have seen him hit against him I think he's gonna strike that are right. I think he's gonna hit a liner left field. Yeah I just don't want something where people are looking at their phones more during the sporting event they're supposed to be yet you know just it just seems but if you want to improve the game of baseball proved the game. There's there's ways you can do it this just seems obvious. Baxter would problems of baseball game take. 33 and a half hours a little over three hours that's terrible too long. You know let's see this is 88 trend line of the average game on the OK in 2014 the average game was three hours in two minutes. In the what do when's the last time you watch baseball game wired quiet 70s8686. OK 86 average game time was two hours and 36 minutes of. I'm a note I was in that span. That I don't know how I lived in New York economic. Azimuth it was not easy being admits it. No no I can I can Austria six. You know the average game one was back and 1921. And one hour and 47 minutes seed that I would watch but. In OK now out of that three hours in two minutes it takes to play baseball game yet how much actual action is there how much time do you actually get to see. The pitchers throw the ball in the that you know the plea. Hamachi is actually game actually four seconds partner program in the eighteen minutes so it's actually more than in football. Eighteen minutes at a three hours intimate it's better than football. The library it. Anyway Ortiz says this company years invested in this company called fans call. Where you can and it's an application you downloaded on your phone and you guess what the is gonna happen during that it back the reason I like that talkers Europe the watched three hours in two minutes you can just watch a couple of bats here. Actually I'm I'm sorry if this is from other Wall Street Journal latest study back in 2010 okay. And that eighteen minutes was when you included balls in play runners advancing this and that. When you actually strip it down chewed the time that people are actually running around on the field where something is happening. It's five minutes and 47 seconds of game time in a three hour game better. Why these guys watch the sports we watch hockey it's all right we're talking it's college hockey's been eaten in the NHL doesn't it strike hard at the playoffs and did you play it still does there even want there but anyway they've named the company's called fans called. The founder of the company today he left cured green mountain to start this and I think it's a terrific idea. President cured cold played out much yes but I robot shows strong quarter amid focus on consumer business but time. Yet this is a company that really had struggled. Two. Find his direction. Over the last several years as. They've tried to figure out whether or not they wanted to do more military development or consumer facing development. And they have indeed raised their guidance now to 640 to 645. Million in revenue this year. Boosting that guidance by about 2%. Over where they were previously. Not total revenue for the second quarter. Was pretty much flat compared choose the second quarter of 2015. But this is really company that is in transition moving away. Aren't a military based robots more into the consumer base expects and their big thing right now is the yen the back and the rumba yes I have one of those. As you like it it's it's good for just being able to get you can't take care of the big things and everything just turn down the stairs there fault no silly it's. It doesn't go down the stairs as sensors to prevent it from doing that actually. What I did have happened once is. In one of our rooms we have a bookshelf that it's not a traditional bookshelf the kind of leans against the wall actually. And it bumped into that actually knocked it down at one point just because the bookshelf wasn't anchored in it's not anchored to anything. But in general I act here. It no I don't go there anymore after the the Swedish lobster revolt of early 2016. But it's it's it's generally good just for getting some big things and you get a vacuum on your logistic and get in some of the nooks and crannies on time so it's it's good take a little bit work off you but it doesn't solve the problem completely. A group months doing little better. Well they couldn't do too much worse could they change CEOs like three years ago they fired the founder. And brought in an adult yet they they spiked up about 21% after the the recent quarter that they had here. There are now expecting about three to three point one billion dollars in revenue which higher. Than they had previously guided it about two point 753. Point 05 billion in revenue so they are showing that they are turning themselves around somewhat. This is still a company here they're putting Europe than me you know that they're concentrated primarily in. The US and Canada. Yet still a company here that does not have positive earnings opt for the long run at this point they reported a loss for the quarter a 54 point nine million dollars. It still is not a profitable company. But it appears they are starting to get revenue growing again which they really had to do I mean this is a company. That when it IPO in shortly after was trading about 26 dollars a share at its high had gotten down as opposed to fifteen so it lost about 95% of its value. In a span of five years. And is starting to show some signs that may bounce back but there's a ways ago. Do you know anybody who works in an auto body shop Purdue you know anybody who works in a car repair facility or do you know anybody who works. For an insurance company yourself insurance. Well in the next segment we're going to be talking about driver less cars and the threat they pose to insurance companies. We read this story yesterday we couldn't get the reporter on until today. She's gonna join us in the next segment to talk to us about how technology in these autonomous cars are threatening to crash insurance company earnings. Not only that they have a real negative impact. On anybody in the auto body shop business of the car repair business. That's next from the insurer match dot com studios. Yeah. Did you watch the polls we need to watch the markets find out how one can impact the other throughout all of election twelve and sixteen from right here it's a financial exchange on the financial exchange. Radio network. 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. Series offers you securities America incorporated member and SIPC 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. If you go the last that protection planning 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 trusts this guy details thirtieth the most common misconceptions about using irrevocable trust to protect your assets did 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 -- duress that's unavailable for nursing home cost 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 -- -- information from a law firm that has been helping families like yours -- nearly thirty years called for your free guide today 8668485699. That's 8668485699. You can also download the guide on our website at legal exchange showed dot com. If you're looking for a great deal on a new counter program you should check out the zoo 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 benefits. First you get a savings rate of two point 05% annual percentage yield up to your first fifty K all agree TM fees from use and other banks will be reimbursed and you'll get 1% cash back by using your debit card on 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 zoo 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 balance member FDIC. 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 three financial review if the current uncertainty in the global market makes you uncomfortable -- give me a call 803934001. In all review 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 camera SIPC and advisory services with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are unaffiliated. This news financial news and what it means see you it's only here on the financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network. This segment of the financial exchanges brought to you by zero right if you're a landlord take advantage of zero. He fully automatic online rent collection tool that is free for landlords and tenants. Sign up and have rent checks deposited directly into your account call 8776917900. Or visit. Z rent dot net we're now joined by Leslie stay ism and I hope I'm pronouncing that. Since. I'm I'm sorry us. Out but I saw your article is actually yesterday's Wall Street Journal I believe. Driver less cars threatened to crash insurers earnings do tell woody woody mean that. There's a lot of hype about traveler cars and half in their gonna come on the screen. On and not every they think about it but I am on me. Industries today could be heard a little bit hit driver less cars do take off would be the car insurance industry. And batted the cost a lot of let customers to pay right now in an annual car insurance bill goes to cover potential wreck. But if catalyst cars do bring gang on. As they're supposed to be sacred to drivers then a lot of the reason the dean. It'd is eliminated for the current shirt. Now lastly I've read in the Wall Street Journal in previous months. Bet it's anticipated. That technology. And autonomous cars will decrease. Accidents by as much as 80%. That is what some kind of full tense day that on the car insurers perspective they think. And that the big is the big question is we and that is gonna happen and if that may be a little too on aggressive. Cut some other kind shirt today. Peyton list then. There's brightening albacore ensure that the car industry has major recalls sport ignition switch to explore math airbags. You know like can't we really trust that all this technology got to work it is supposed to and then they travel as cars ever we ill. You know hit the market and com best thing about. You know we have seen similar. Technology. Innovations in the past and thinking back to. LoJack which I think came out maybe in the 1980s. And it decreased car theft by about two thirds in a fairly short period of time so technology has a history. Improving our lives. I would think that even if it's not driver Lewis technology just some of the technology they're implementing is going to decrease the number of accidents and theoretically should decrease what we pay for insurance. Yes the we had a chart. Running with their story actually shows very large decrease in accident frequency fan but basically in 1970. And you can also I you can think on a credit that to campaign against drug trafficking. But also to better and they are cars spinning me bail. Air back. On child unsafe DT on. A electronic stability control that they ban them the whole array of safety features that dramatically we. Pretty do you speak. Accident frequency already and some other features that are going to be in gondola cars. Are starting to show up and in high end cars like Mercedes is not a high end cars try to help on them mandate breaking. Is one most effective that these men that their study show and automatic braking and is not reality BP's thing accident about. And make 15%. While black without hearing from the insurance industry what are they telling. The insurer is. Again at Debian insurance for I think there is more height then reality bright man. And that see that it has left the talent being but driver who had the odd auto pilot on can get that sort of with the wake up call to a lot of green did the F. Of how much more. Technology means. They developed and how much further we have to go before gravel of course are truly eat there will be traveler cards. But that they had the injures due. A lot of the big insurers feel like they have gone there there are going to be a lot more technological breakthroughs and that at some point in the future. There will be much safer car filled lot of them are. Trying to you already thinking about other services they can offer how they can. And make a better on the homeowners policy say Eric offered an additional services to bet there. Car policyholders and their hand policyholders. And state farm and Liberty Mutual. Among others that have relationships Swiss. BH universities. On inner trying to learn right now everything they can about the new technology including drug related gear and they participant. Very good myriad Leslie thank you very much for your time we do appreciate it. That's less racism from the Wall Street Journal talking to us about drive loose cars and trucks you pointed this out probably two years ago. When we are talking about the advent of driver of the scars and one of our associates bought recently a Mazda. And if he's on the highway begins to close to another car yet it slows down automatically. Yep you're seeing it's it's not uniting full autonomous features at this point they're different levels of autonomy that cars have the first ones that you saw. Worry and high end sedans like Mercedes and so forth where they'll body to back into a parking space they apparel parked car for her things like that. Recently started sees things such as cars that are able to maintain lanes cars that are able to mean distance from a car. Head of them you know it's a good one is the cars and I don't have one of these that. The cars where you're backing up right in you you I've done this before I backed into light pole ones because I just didn't see it. The car would automatically stop and think that could cause that could stop two car collisions as well get right because that your backing out. A lot of accidents occur in the grocery store parking lot their fender benders or you're backing out you'll see the car barreling down he doesn't see US bank. Yeah and in those things it's the problem is you know yep you've got this small dent or something you know bumper. And all of a sudden each person's paying 2000 dollars always that so it's a significant caused by the way. The NHTSA the National Highway Traffic Safety Administration. Has proposed a formal classification for the levels of autonomous vehicles level zero drivers are controllable times level one. We have right now with automatic braking and so forth to get near to close to something something like that. Level to two controls that are automating in unison such as adaptive cruise control and lane keeping as we talked about. Level three driver can fully seat controls all functions in certain conditions but not at all times and then level forcefully up on these Iran now to go you're still kind of in that level one to level two range for most via. So you still hear auto executives. Coming out saying were two years away going to be here in 220. I hear that right now and I talked to people in the insurance industry and they say very there's no way that it's going to be 21. Well the current streak probably wants to lie you know promoted obviously just as it builds excitement for companies that haven't had a ton in recent years the insurance companies companies obviously don't want to promote because obviously. Look at it as we just talked about it's a major source of revenue for the right now the truth is probably somewhere between the if the car companies tele two years in the insurance companies Tony 78. 35 seems like pretty good bet for me. Up next we're going to be talking about John Hinckley. And his release from a mental hospital that's our next topic on the range financial exchange from. Our insurer match dot com studios. You've gotten Barry Armstrong. On the financial exchange rate and if you're looking for a great deal on a new counter program you should check out the zoo 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 received three benefit. 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 in 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 -- 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 Roland zero point 10% annual percentage yield on savings now a member of the icy. Hi everybody very are strong here from the financial exchange and I'm joined by Jake too who's a senior vice president. At leader 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. Thanks very 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. 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 rock for 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 for the small business loans and give you a couple of 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 expand 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 uses there's usually no limitations on and it's longs for a good corporate use but it's 50000 dollars to pay it back over four years he's an interest rate is three point 99%. Exactly. With no closing costs it's a pretty attractive program and it's our way to Kenny 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 called them all free 8776917900. Three point 99% to pay it back over four years. 8776917900. Pole furry. 8776917900. Or check them out online at leader bank dot com. If you go the last that protection plan and 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 trusts this guy details thirtieth the most common misconceptions about using a reputable truss to protect your assets did your free guide -- 8668485699. Think you have to give up -- 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 miss 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 -- -- 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 Marc 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 in Sherman act 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. All us today at 84 or 99 match that 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 policy you have it's always a good idea to get a second opinion you may be surprised with what you caught it 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 eight or 499 match that 84499. MA. TCH or visit us online and ensure a match dot com. Get your thoughts and questions seem instantly Tex the financial exchange had 6868. Yeah this is the financial exchange on the financial exchange radio network. Trivia is brought to you by Arnold's lobster and clam bar they're located on US route six in east ham Massachusetts Arnold's. As a great raw bar including Wellfleet oysters lobster rolls fried clams terrific onion rings and more. Call 5082552575. Or visit them online. At Arnold restaurant dot com and you know we're doing trivia today. Based on. National Lampoon National Lampoon animal house is a movie spoof about 1960s. College fraternity starring John Belushi. And it opened in US theaters on this day in your 1978. So we're doing it a little bit of trivia about John Belushi in his career now. Here's the we're gonna test your knowledge and I'm so I've been very impressed with your John Belushi knowledge so far. The movie animal house was set at which fictional college. Little tougher question. 68680. Is our text number. The movie animal house was set at which. Fictional college again our text number is 68681. Listener with the correct answer wins a fifty dollar gift certificate. To Arnold's restaurant. All right let's talk about John Hinckley. He is going to be released from prison. Think it's August 5. To live with his mother in Virginia mr. Hinckley is now 61 years old he of course the assassin. He attempted to assassinate Ronald Reagan and he did in fact. Assassinate. The the other well. The terrible name and anyway. He's being released. Because the judge feels that he is no longer a threat. If the judge feels that he is no longer a threat at this point. After effectively serving about 35 years in a combination of prison and mental health facilities. Multiple doctors have come to the conclusion that he's no longer a danger at this point. And so we is going to be released to live with his mother pretty much the end of the month you know a lot of people are upset about this but during the last twelve years he's been effectively released he's been done more than I thought I didn't realize easy Tynes Depp he's he's spent an awful lot of time out of prison to begin with. After this to keep in mind this is the case that caused. A lot of states to significantly Alter their laws regarding the insanity defense. In order to change. Really the threshold for which you had to cross in order for that to be an acceptable. Offense got the something that bothers me about this and I'm you know it's not my area of expertise and just speaking to use a layman here folks. What bothers me is he's been released from prison or from the mental facility on eighty different occasions. During the last twelve years and on several of those occasions track he is violated the terms of the things. Yet in and that's something that. Doesn't sit well with me either it's one thing abusing OK you've had these releases and you've performed you know kind of you've done in what you needed to do on those. Visits but obviously. There have been cases where he is not adhered to the rules that have been laid out form and I think that with that. You know and obviously with his history museum disabled why you do in this. You know you're on vacation and I certainly am. So mind. Tucker who's delusional boy. We have John Mooney and Mike Armstrong tomorrow and well in me this is why a lot I'm taking. Tomorrow off and taking Monday off. Since the last time I'm going to be talking about the energy sector and if you'd like to call on receiver died this is your last chance. It's an overview about investing in energy sector stocks. Oil by the way is trading at 4137. On not that far away from I've about Dolly herded out there we think when it out of my chances. At this point you like my chances 60%. 60%. 6868. Or text number our phone number to receive this guide is 803934001. 803934. Zeros or one that guide. Teaches you about investing in the energy sector now the energy sector includes more than just oil companies. There's a lot more to with a net. Call and receive a guide you calling Armstrong advisor the phone number toll free 803934. Zeros or one. Securities 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 not affiliated an investor cannot invest directly in an index past performance is no guarantee of future results. Aren't sort of a bowling I'm hearing rumors that they're gonna stop production of their 747. Sad story probably be most iconic passenger plane in the history of aviation. But unfortunately demand has dried up largely because Boeing and Airbus have done some good job putting the 747 out of business what you've had. Is it used to be prior to the last twenty years or so. Four what are known as extended operations each hops over. Either water long distances you typically required at least three engines on a plane in order to make those journeys simply because the engines were not of sufficient quality guarantee that they wouldn't fail well what's happened is that engine technology. Has gotten so good in planes have gotten so reliable that those rules were changed in the last twenty years to where you can now use two engine planes on those routes so what used to be route that was the exclusive domain of the 747 another large aircraft. Now all of a sudden you've got smaller aircraft you still wide body aircraft like 787 or 777. Flying those routes with only two engines saves a ton of fuel on a cost for airlines and they've largely abandoned these larger planes. Now these this this -- need some New Zealand won again 600 people. Know 787 does not you figured that there forty cents or 747 gives 600 people Airbus a 380 can as well that's the full double Decker which is also probably ugly is playing in production right now it kind of looks like a beached whale is the best way I can describe it is all about price it's all about price of the airlines and all about cost competitiveness in terms of fuel the 747 what you've got twice as many engines as. You know other planes can do the same route 747 also you can't flex it in two shorter service because it's so expensive to operate so. On something like 787. You can flex that into route that's only 2000 miles he wants to have 6000 wild journey. Some 47 it's so expensive to operate you can't do you know just is also you don't have 600 people oftentimes ray who want to be on one. Tucker if you notice that the lines are getting longer at Starbucks at all is that the aid and you probably don't go to a few different stores. Miami and see anything different or out of the ordinary is the date how they they measured this and workers at Starbucks are complaining. That the lines are getting longer customers are getting frustrated. Instead the M workers are blaming the company for cutting back on their hours. Is saying they're not staffed properly. That's the that that's a step at a Starbucks I'm wondering how how well lately you walk into Starbucks and again I don't frequent them. When you walk in are they promoting their app I'm wondering if they're doing this. Like what are they make in the lines longer chuck intentionally. To get people to convert over to the app that Mercury news. I don't think it would do that intentionally or I don't know the their profit margin while Arkansas fewer customers because your your we don't that your your profit margins on an app. Buyer and now customer who are higher than they are on somebody who goes through the cashier they make more profit track. Wing when you. Order you're either you do it out with panera and it's more profit to panera. Or Starbucks if you order on your app that it is if you go talk to him and he. I don't know the difference is that high. While I don't know eat. You still level all the same people behind the scenes doing all the production right the year you're you've got somebody who's doing. He job which is talking to you right and how long is that interactions sixty seconds ninety seconds. Does it two minutes yeah I think it's a minimal effect in terms of profitability there I don't know just because let's say that person in the counters making would say twelve bucks an hour. Well it's mourn that by the time you load Muppets about eighteen that's called eighteen bucks now okay. If they're doing and Tucker how do you think when you go in let's say that you actually at the counter how does it take for you to place that order for them bring you up and everything man and a half in a sentence if I'm getting a basic coffee in ninety seconds okay well let's call to minister to make it slow to take that out of the equation so you're doing 3030. Orders now okay. And you know average order what you think Tucker five bucks per average orders surely that ballpark 150 bucks so yeah I mean maybe if if you're able censors still you sense some yes are you talking you know maybe three to 4% on margins somewhere in that ballpark so it definitely helps somewhat. I don't think that it's enough to try to make people unhappy by making wait times on I don't TP. While I just what lake when your in the storage. Whitney is there any encouragement to go to the is there any other signs up there I always see those little table signs that he would you know little tents that but that's all they really see for the Mobil up. That you don't see the priest is encouraging people to order. Through the gap have you noticed that more people are ordering through the app though when you started two years I feel like them whenever walk into a Starbucks I always feel like I'm the only one putting at a mobile order it's always just my order when it goes there and look at. Up next we're going to be joined by John Moody would talk about solar panels many of you have bought the name like me. Many of you are thinking about buying solar panels. The article that we're talking about is why Holmes solar panels no longer pay in some states in one of the states might be a place near you we're talking about that next with John Moody. From our insurer match dot com studious. We're giving you the business. There's the financial exchange with Barry Armstrong and jokes done well on the financial exchange radio network. 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 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. Juries offers you securities America incorporated member finreg SIPC and advisory services offers 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. 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 three financial review of the current uncertainty in the global market makes you uncomfortable and give me a call 803934001. In all review your current portfolio for free that's 80393400. 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If you go the last that protection claiming you'll get more than fifteen million results priceless makes 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 trusts this guy details thirty of the most common misconceptions about using irrevocable trust to protect your assets did your free guide at 8668485699. Think you have to give up all control think again. Think you have to ask permission from your kids to use your own money not a chance 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 86684856. Not knowing you can also download the -- 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 music faster closing call 8776917. To 900 that's 8776917900. Workers at leader bank dot com. Emirates the SE equal housing lender an analyst number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing team for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the icy equal housing lender and Miller is number 449250. Subject to credit approval leader bank a step ahead. Securities are securities America income member PC. Or art and securities America advisors. Are represented on our advisory group and securities America companies. Barry and shut. Alex. This is the financial exchange radio network. Chuck the movie animal house was set at Faber college. Set at favorite college based on Dartmouth College though my dad. Eric from Manchester had the right answer their takes on a fifty dollar gift certificate 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. Right glanced terrific onion rings and more call 50 wait 2552575. Or. Visit them online at Arnold's restaurant dot com for more information. All right we're joined now by John Moody who by the way is replacing the tomorrow he'll be filling in for me and he he's where and talked to John about why you need to be very careful. If you're out before you go out make a significant investment in solar panels hi John RF. We talk about raising the bar that Gary Armstrong cannot be replaced. At at a lot of people like to see replace people thought that's the story for another day. Let the sun solar panels they edit the I I I bought them. But it sounds like the utility companies or change in the deal. Here's the basic problem very most about our users or consumers of energy. That's the way the paradigm has been the last century. When you get into this solar business you are an energy producer. You wind energy seller. He endured energy user. If you're not prepared to beat all three of those things. Well you've just got yourself a job that you're not prepared for and that's exactly what's happening here Berry is there's a guy. But at 20000 dollar worth of home solar equipment to help cover the cost of charging up his new electric car talk about a green guy right. He stopped the savings would pay for itself. In twelve years he ran the numbers that this is great this is great for the environment the campaign is being back at twelve years fantastic. Here's the problem there's one thing to get federal tax credits which are wonderful if you're if you're getting them but the other thing issue are subjected to federal. State and local regulations. Which always. Change let me defend the system. Only zero point 5% less than half of 1% of all of our energy is solar. It's a PP industry. We don't know public works we don't know how to make it work economically. Practically anything it's an experiment. You're an experiment where they found out that in this case California changed its rates in a battle whole bunch of people. Good the product that not only. And a whole bunch of people cellular certain current and they changed what they paid for the energy and they paid what it costing you sure credits. The problem. Big problem but doesn't this create that pathway for Ilan mosque in batteries in home batteries. Because I would think if on the consumer. This is going to encourage me to inquire about investing in a battery. So I can create my power in the daytime not use all that story and then use my battery at night. Yeah if you could take control over that process. You're bypassing a big potential obstacle we don't know how it's gonna end. This is the problem having California this guy who spent all the money on the home solar equipment but he's still glad he did it but the payback on the studio lot longer. It really it's it's it's a fantastic thing from the green perspective. But from an economic perspective. Anybody who can tell you they know how this is gonna end. Is a fortune teller because it's an infant industries like try to guess where electricity would go a 130 ocean now. Well and SE from a consumer standpoint John I have to tell you. I understand and I want the utility companies to respond in this fashion because those of us are those people who don't have solar are subsidizing people who do have solar panels. Effectively yes and that's part of economic stat that we're just starting to learn. And this is the typical Pete you know this guy in California. Found out that the credit he was cute you basically are you creating energy when it's sunny. They used to war in essentially self back to the utility company. Which you do when the former. Credits that you use for future consumption court. Right right and that's the problem out in California California's the biggest state for this. They they went nuts right solar and now now they're saying oh boy it's not working out the way they thought we thought it would. Yes and the other problem they have is when this Taiwan's that you when this guy once they are just the other cheek. Or or using it. He's trying to use it yet not only because he works during the day he writes look you like charging up your car not to be charging you can charge up would that work. Because your car he'd be charter school. If everybody who's charging like between 5 o'clock and 8 o'clock at night so they made that less advantageous economical because they were overwhelmed. It's just a lot of moving parts they're very the make it really confused. But to your point it's a and industry in an energy source that source that is in its infancy. And it's you know it's going to go through a lot of changes in the next five or ten years. This is really important to point out because while we talked a lot about it. And it's a big deal the fact is very few people actually use it in the economics of it are in the infant stage. I thought that the doesn't jibe with what you look at is a lot of talk about a lot of buzz. But it's still a futuristic thing that economically. Has not proven to be beneficial without major. Substantive nation from federal and state benefits things like tax credit. And there are those credits around for the five years John thank you for joining us today and good luck tomorrow filling in appreciate it. You don't much we'll try to carry the mantle for you. There you go 617 writes the poor are subsidizing the rich when it comes to solar I think that's a fair statement. I don't. You don't know well I think absolutely. Via I've I've bought solar and it's it's. Like I I love it the tax credits were fantastic and when I don't pay electricity bills anymore but my Nader Nate neighbors are effectively subsidize. I don't think the poor really subsidizing a whole lot in the country to begin with at all. Most of them when you look at the tax burden that it's pretty are not paying it if they're not want their pain electricity bill tire. They're paying for their electricity net net it's that they're still not subsidizing the people that are subsidizing our middle class upper middle class and upper class Americans who do not have shall don't have so yeah. And I want to thank you. For something they're welcome news tonight. Just put that I mean look at figure give you everything else Social Security Medicare might as well give your energy to just another example of the it's my generation screwing you young what do I just renamed this the very Armstrong funding called a day it's it's finally it's known with the market does he looks like it's still negative in nasdaq's up. That's not a deal face NASDAQ is up largely because FaceBook only about a point right now of Dow was down 72 points S&P is down to sell. We're kind of muddling around still were in the middle of that 181000 range on the Dow were in the middle of the 2100 rain helped oil doesn't hit 39 while mom always totally well that's it that's its action happening I can be able to gloat about it. Oh wait till Tuesday to hit 39 dollars a barrel mile. Hey thanks for tuning into the financial exchange today trucks ought to Tucker Silva and very Armstrong from our insurer match dot com studios.