Aug 24, 2016|
Full Show 8-24-16 by The Financial Exchange
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chunks. It's difficult to imagine. A resurgence of the American economy without a significant. Gains in housing he talked about new home sales yesterday. We got terrific day of the new home sales information that we received. During yesterday's program we shared with you was up 31%. When you compare your year. We just moments ago got existing home sales. This also very important information why I told you the status of our current inventory. And what we are seen for the sale of existing war with the call in Texas used homes. And what we receive truck was that they fell 3.2. Percent to a seasonally adjusted rate. Of five point 39 million homes in July from five point 57 billion in Jews that's a fairly significant decline. What's interesting is this is juxtaposed with I think it was on either Monday or maybe yesterday. When we're talking about new home sales and we actually saw that number come in above expectations. Though. You know part of it. When he when he put those two pieces data together you look at and you say OK maybe some people were just moving more towards those new homes as opposed to existing that's something that makes a little bit of sense out of this data can remember. That new home spike was unexpected too but also. You know I keep my this this has been a a real estate market. That in terms of number of home sales. Really has not been moving in the in the way that we want to see in part of the reason for that is due to lower inventories that we. Yeah that Lawrence Yun he's the National Association. Of Realtors she's gonna show a guest on the show Parker to pretty regularly. And he came out and said which I suspected but in his release that came out moments ago. He said you know the problem is not that there's not enough buyers if you talk to a real state professional today truck and I've got friends who are listening to the show right now who will text that 68680 is a text number. Bill text us and say. Berry I've got people lined up to buy homes the real problem. Is a lack of inventory what do you see in inventory levels when you look back say over well gosh the years ago he couldn't give away house. Oh I can do all kinds of good stuff where I go all the way back to 1963. If you look at Sony did that we're not gonna go that far let's let's look at just I'm gonna look at the last couple decades America okay. In the eighties and in the way that I typically do this is I look at the the number of months of inventory given the pace of housing given the pace of I housing buys that OK okay just has to get raw numbers you can't really get that there's no centralized database necessary you can get though. Inventory. Based on number of months supply. OK so fuel in the eighties generally you were somewhere between about six and eight months in most healthy markets and get a couple spikes higher than at the beginning of the eighties when things weren't so good okay cut but generally between 68 months of supply. If you go through the ninety's you filled out and that five to seven range for the first half of the nineties. And then pretty much from 1998. Onward. You were down right around four months of supply now okay so very very tight supplies in the late nineties now the last ten years okay. You go leading up to the housing crisis the peak of the housing crisis January of 09 when you read twelve point two months. A housing inventory allocating just is no one was bond. Twelve months put that in your pipe folks and smoke that twelve months of inventory back at the you know when everybody was out of work in 2000 and you look at where we are today OK this is the July 2016 number. Four point three months of inventory so polite it's very it is it is very tight in terms of than the amount of available inventory out there. And this is this month actually it's the second what was that we have seen in the last ten years and in fact you know you have to go back to. Really July of 2005 to the last time that we saw things this tight aside from one little dip their back and point thirteen but. Homeownership rates. Lois and I don't longtime 62 point nine now you know. It got as high as 69%. Of people owning homes. In their many people many economists that say should never been that guy healthy numb I'm one of them is about 64%. If you look at the forty or fifty year average for that number it's 64 which would mean truck. That we still have a waste to go with in terms of just getting back to an average level homeownership. I don't know if you're gonna get back to. Why if you hard I think the down payment issues are are one of them I think that's one of the reasons that you may not get back there's. There's a lot of people just can't go and make a down payment you are corrupted because of where you live. The that we knew look. At the it would be giving the median existing home price for all housing types. Was 244000. Dollars now backed up five point 3% from July 15 so. Prices are up. But if you live. It if you live in central Connecticut. You're not paying the types of property prices that you're paying. In the Greater Boston area you're thinking Boston New York Southern California go to Kansas City. Go to Chicago go to Florida the housing prices in most parts of the country are considerably less than what they are here in the northeast. So there's actually there's a great study that was actually just done it by who is this year this is. And only HSH dot com I forget what it stands for me it's one of the big guy housing. Research companies. And what they did is they said okay what's the average salary that you need in order to be able to buy a home in different air based on where you live based on where you live just because obviously. You know. It's as you said it's different in different areas of guy you'd new York and Boston are just. For beating me expense bullets let's talk about this a little bit because the average household income the median household income in the US is about 52000. Okay household to household income is about 52000 so let's go through some of these cities okay Orlando which is typically thought of as a pretty cheap and affordable place to live got to be 49000 so if you know you've got to be at least most of that meeting in Dallas 54000. Now. Houston 52. You start getting anywhere on the coast gets ridiculous San Diego a 109000. Los Angeles 92 San Francisco 161000. This is the by an average scoring. In these cities even a place like Denver where we typically think of Denver's being rather affordable. You need media ink you need average income of 73000. Dollars to buy an average home in Denver. But these inventory levels and if you talk to real estate professionals again. Talked to them about the average time that it takes to sell a house if it's properly in days not one that weekend down you know he'll go. With multiple offers on a week two days. So I what I'm hoping. In and night and I don't have a crystal ball. But what I'm hoping is that some of this information is getting through to the banks personable. And also to the general contractors who are gonna say gee I can start making money. By developing housing projects again. Again we we've. When I was I hope for individual homes as opposed con when I was at that we talked about the cost regulation these days a couple weeks where I think we found that in the last five years the price of regulation of gun up like 20000 dollars on our and that's not gonna change now that's built in Turkey they never repeal its rating may only add to. But that's not gonna make things easier no -- and that's that's why you know those cost that are going away I just I don't know if you're going to see homeownership back up in the 6465. Range and we see in for oil today I I had heard that it was on the decline. I've got oil trading down about 1% and yet how much I got forty a little under 4750. Right now I mean it's oils come down a little bit we got above 48 a little close to 49 for area a brief moment there. Slight pullback today not nothing big especially given that we're still up about 20% off the lows we saw. Earlier this month I think he probably a pretty tight range they get to that OPEC meeting you know that's in September. And you've got Jenny yelling back and on Friday. But interest rates coming out of Jackson Hole nowadays she says they're saying no we might go next month. Take a look and see what the the latest projections are 40% chance by the end I'll tell you what the September probabilities of bumped up since last week. It would allow him at that housing number and if he had a strong jobs number probably not go it was only 18% chance of September last week nozzle into 24% now and December last week there's a 53% chance that barely moved only up to while 54%. That easy hike. Note an epi pen news yeah. That that your. When it's you don't notice as I've seen them and I know people say he'll you know yet something you know somebody with a severe repeated allegations have Lamar. On them at all times so they can inject themselves if they have an allergic reactions or communal living would be east things again and again so here. That I had my god it's gotta happen effort and it can pretty much what it does it reduces swelling and reduces the the response to write. What whatever the hour. Yeah. My fiance this season director at a daycare and she knows few students who attended daycare have that at depends. On them at all times do their severe allergies. Couple questions coming in on the text line five awaits as I specialize in renovating homes under 365000. Dollars always sell I believe you and the depending where you are of course but six and seven asking is what you cheaper than natural gas now probably no right still probably cheaper to heat your house would Najaf. Lot of times it's it's typically cheaper to use a Nat gas for heating even at these prices a little higher efficiency act as has been moving up a little bit I mean I guess has had a little bit of a stealth rally. Over the last six months or so people have really been paying attention to it. But getting back up close to three dollars per million BTUs are. Up next we will be joined by Rachel wrapped in Leachman from the New York Times to talk about the prices. A epi pens that's next from our insurer match dot com studios. How all the upcoming election affects your finances and your business find out right here it's the financial exchange on the financial exchange radio network. Each week on the legal exchange let's get updates you on how to reduce your state Texas how to avoid probate and how to keep your assets in your blood line. That's great but what about the family behind your state plan what happens to your money if you get sick and going to a nursing home. The answer is that we spend down in a hurry in to the tune of 151000 dollars per month and 180000. Dollars per year hello when your money last if you went into nursing home. When your spouse have enough to live on if you do nothing to protect your assets the Medicaid rules change almost every year and the elder law experts at Cushing Dolan have updated all of the pertinent facts and figures in their Tony sixteen Medicaid guide call now for your free company at 8668485699. You can also download it by logging onto our website and legal exchange showed dot com Cushing doling them and helping families protect their assets were more than thirty years let them help your family. 8668485699. That's 8668485699. Or visit legal exchange showed dot com. Are you movie fans out there Eddie Murphy and inaccurate made millions trading commodities during their famous partnership in trading places with the right information and guidance YouTube may find success in investing in certain types of commodities hi this is very our truck and what are your portfolio includes commodities or not you need to call me right now at 803934001. And get my free guide on investing in commodities learn about the many benefits that may exist by investing in products such as oil and gas or gold when you call ask about our free review of your current portfolio call today 803934001. That's 803934001. Securities offered through securities America incorporated member of the SIPC and advisory services offered for securities America companies incorporated Armstrong advisory group in the securities America companies are not affiliated investing in commodities is often through futures trading where the risk of loss in these contracts can be substantial you when your advisor should carefully consider whether such trading suitable for your financial situation. Hi everybody very Armstrong here from the financial exchange and I'm joined by. Jake to whose senior vice president at liter bank. Leader bank does tremendous amount of mortgage loans as a matter of fact I've used them a couple times to refinance properties in the past. Jake how's the mortgage business these days it's been an extremely busy Barea. There are a lot of people buying Holmes. So that's kept the purchase market very very busy you know on top of that racers still at all time lows through a lot of folks who are refinancing their homes either get a better rate or support some cash out because of properties appreciate that there's gonna ask you how does somebody know whether they should call to refine. Well you know. Dude there's really 22 ways if they feel that the rate can be improved. Give us story am and you know thirty year fixed racer all time lows. If you have anything in the in the 4% range frankly give its rate in my view do you something. Or if you need to take some cash and of your property wondered for college tuition for kids or yet have home equity lines of credit me at home equity lines of credit as well and the cool thing about that is. If you already have a green looked great on your first mortgage you know home equity line of credit which will leave your first loan as it is allow you access the equity. Makes an awful lot of sense and you've got fifteen year fixed rate mortgages five year adjustable rate Mort all types and hopefully we we have all types of that in addition to that were actually very active Jumbo and yourself. As properties have really appreciated in the markets in Massachusetts. There's been higher demand for Jumbo loans that we do a lot of that so last year Berry were actually not the number two home purchase later Massachusetts. It for you congratulations folks that's digitally from leader bank they can be your mortgage bank call them toll free 8776917. B 900. You can check out all their rates on line at leader bank dot com or you don't talk to human being. Give my called it loan officers standing by right now 8776917900. That's toll free. 8776917900. Security securities America income member in PC. Or securities America buys are represented our target recruitment securities America companies. Check out the all new financial exchange showed dot com take part in our daily poll question and stay on top of the latest stock market trends it's only one place financial exchange showed dot com. Our guest is Rachel wrapped impeachment from the New York Times that we're talking about the price increases associated with epi pens. Irate to hurry you. So what exactly is an epi pen. And I think ten is essentially an auto inject terror filled with the drug at an uptrend. That used to offset the Peter allergic reaction and is an awful accident. Basically because saved lives when someone is reacting to an allergy and and their airway as clothing they're having trouble breathing as swelling. So they can be alike favor. Is it a steroid down Monday near that comes out at the. You harm if the hormone called. That's enough for. And like adrenaline is coming up her body is it. These sort of go into a fight or flight response and that way you know and it it is that the extra dose. The hormone to help our everything contract and reduce the swelling. OK so. I'm thinking of peanut allergies the stains what other types of Ballard allergic reactions we use an epi pen for. Those those are exactly right it not and it's. You know them. And headed strawberry is shall fast these things exactly. And then attack. So an and how often are they used across the country are there any stats available like how many don't they sell or how many incidents there are. I asked that same question that doesn't happen to be a federal repository. How often these Perry is there's no great data iMac not state to track. How many are past the hole. I don't know that full number but they they don't record how often used anecdotally. I know that many parents it is they buy them and they end up throwing them away and mr. Buchanan as an insurance policy. Why would they are the wages legal battle after a period time. They did they they it has that you limited shelf life it's not a completely stable. Job at an aspirin now after about a year they recommend that you would cost. That epic patent or out of intact Eric and replace it with a new ones that it. The most effective dose possible that you're getting. Seeking a true demands. That you cannot let you know who makes them. My land as the company that makes them now they acquired the FB and 2007. And why did the cost a lot is that this year the whole basis of your story that there and I read your story in the times can new congratulations by the way I mean you did a wonderful job researching but why did the cost go up some. Well it isn't going up. Incrementally. Over the years constant smile on acquired. At the patent is not that seven have been going up you know. And people haven't necessarily. Felt it as much as they have recently because. The direct competitor. The FB patent has recalled from the market last year so myelin essentially had a monopoly on the market on at the last year. And another thing happened you sort of make people more aware at this rate increase. The Affordable Care Act passed in a lot of Americans. Outlook a percentage of Americans ended up buying in TDs. High deductible plans that it really feeling out of pocket costs. When they buy their prescription drugs so instead of interest covering and then just having their famed twenty dollar co pay you on that that the high deductible. Plan that they have to pay out of pocket before they need at deductible but there getting the full effect of that by the excitement and again right now pander. Any ticket Baptist school with their new. That's it at the patents and you know they're everyone's getting a sticker shock. While so used you'd told the story of nailed me Schulman from Northampton Massachusetts would you mind recounting that force. Sure. Though she is you know mom who has a daughter with cash you allergy and fairly typical I as far as. The people that I interviewed. Who abused the app that the panic at the upcoming that you can buying every year actually happens to the buying it for ten years and she found out that her daughter had the totality. And she's never had to use it though but every year chief faithfully. You know tosses her old line and get the fresh ones make sure that she prepared an emergency and you know it's just letting her daughter have to camp this summer and you know camp schools afterschool activities you know they all require that. You have debt. Like stating medication. On hand in case it's needed. Though is that she was shocked by the increase in price. That summer she happens to be out of high deductible plan didn't yes you thought for the first time ever like. I possibly read into that really went right or something that they've never had to use but you know every parent. You know I've talked apparent is that I can't do it at my child and let the when it went that the parent it's the adult club and they take. That chance. But that's about as you know their parents you don't you can even make that choice you know it between between Iran and their food or buying the cats. Rachel I remember you know dating myself but I remember in the old days you know he still go to Canada. And by this stuff for you can order it from overseas is that an option for families that are stressed financial. Well there are other options yes it is much deeper and other countries as far as even in our country that you could there are as a generic. Katrina click it what it called is it that auto detectors that the iPad app and I think what's happened is people. It made the different delivery system it's not quite at you differently though it you know people. Are worried about buying an indifferent and at the patent which has had such great marketing that app that they think that is synonymous with that. Like that happened that friend deliberate. So people could chided attitude click which I think is available for maybe 140. Dollars off and but that cheaper they also could it. App department that about getting to straight at an aspirin and testing out with a syringe but that is not a great option for children. You know. Yet you are saying during a year old the school with a syringe current. I mean the idea is that someone would need to know how to get that out and in an emergency when someone is you know. Near not breathing on you need people to react very quickly as someone who need to be highly trained. To know how to deliver that. Right quickly all right Rachel thank you very much for your time we appreciate it thank you it's Rachel wrapped impeachment New York Times and so we make a lot of money truck. Well there aren't in this is a real problem we talk about you know these types of goods that have. Almost no elasticity of demand it's it's a case where our wish Grilli came to mind as soon as I heard it's very sure that our review thought it's it's very similar if you have something that people need for which there is no replacement and I understand it when he's make a profit then but go make your profit some more holes. States including Vermont organ in New Hampshire have been. Particularly deadly since the upward trend in traffic fatalities started in 2014. This that is according to. Preliminary estimates compiled. By the NFC it's an and a and Illinois based nonprofit that collects data. From state authorities deaths shock on the road nearly doubled in tiny Vermont this you know Vermont's population about 620000. This state recorded in 82%. Increase. This year compared with the first six months of 2014. In New Hampshire not doing a whole lot better New Hampshire up about 61%. In traffic fatalities. And they attribute much of the increased the tally rate. Is attributable to text. And certainly you know they they're they're more circumvent about it they call it distracted driving. But it's tax. I don't doubt it one bit there is not that Dave I'm on the road that I don't see again straight section of highway. Rear end collision why does that happen is not paying attention what's going on front of the how do you solve the distracted driving problem we'll talk about that when we return. To our insurer match dot com studio. Making your Smartphone even smarter Dell Motorola mobile lab by surging financial exchange show in nineteen Jordan who. Place doors this is the financial exchange radio network. Commodities are an essential element to the global economy the fluctuating costs of items such as oil natural gas and metals like gold silver may play a vital role in the market's performance on any given day hi this is very Armstrong from the 803934001. Ask for our free guide on investing commodities and ask about our free financial review of your investment strategy that's 803934001803934001. Securities -- for through securities America incorporated a member of -- SIPC and advisory services offered through securities America companies incorporated Armstrong advisory group in the securities America companies are not affiliated investing in commodities is often through futures trading with a risk of loss in these contracts can be substantial you when your advisor should carefully consider whether such trading suitable for your financial situation each week from a legal exchange amongst updates you on how to reduce your state taxes federal avoid probate and how to keep your assets in your blood line. That's great but what about the family behind your state plan put up in your money if you get sick and going to a nursing home. Mean answer is that we spend down in a hurry in to the tune of 151000 dollars per month and 180000. Dollars per year along when your money last if you went into a nursing home. When your spouse have enough to live on if you did nothing to protect your assets. The Medicaid rules change almost every year and the elder law experts at Cushing Dolan have updated all of the pertinent facts and figures and their toll sixteen Medicaid guide call now for your free company at 8668485699. You can also download it by logging onto our website at legal exchange showed dot com Cushing Dolan have been helping families protect their assets were more than thirty years let them help your family. 8668485699. That's 8668485699. Or is it legal exchange showed dot com. If you're looking for a great deal on a new counter program you should check out the zoom rewards program to leader bank is now offering is checking account along with the companion savings account and as long as you qualify you'll receive three benefit first you get a savings rate of two point 05% annual percentage yield up to your first fifty -- all of your ATM fees from you some other banks will be reimbursed and you'll get 1% cash back by using your debit card on music critic 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. To learn more about the zoo Murrow awards program that's 8776917. B 908776917900. Member FDIC equal housing lender zero point 20% annual percentage yield earned on portion of daily balance greater than 50000 dollars those who do not qualify presume rewards will learn zero point 10% annual percentage yield on savings balance member FDIC. It's not too late to get a great raid on a whole mortgage leader banks 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 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leader banked 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 in refinances all originations are managed by a leader bank's local underwriting processing teams for additional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and Miller is number 449250. Subject to credit approval leader bank a step ahead. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets and our friends at the insurer matching agency can prepare eight personalized plan to get to the best coverage at the best price call insure a match at 84499. Match -- for 499. Match many of our listeners -- -- hole 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 matched to compare multiple rates and carriers at 84499. Match that 84499. Match insurer -- 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. The latest financial trends he won't play speaks the financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network. Trivia is brought to night Arnold's lobster and clam bar located on US route six in east ham Massachusetts Arnold does a great. Roth mark including Wellfleet oysters lobster rolls fried clams terrific thing brings in more call 5082552575. Or visit them online at Arnold restaurant dot com. Ari this week in the year 1858. This historic Lincoln Douglas debates began in Illinois. Will be doing some trivia about the Lincoln Douglas Douglas debates. And here's your first question. Which office did Abraham Lincoln and Stephen Douglas contest. When they participated. In historic Lincoln Douglas debates of the year eighteen. 5868680. Is our text number. First listener with the correct answer will win a fifty dollar gift certificate to Arnold's restaurant. Which office did Abraham Lincoln and Stephen Douglas contest. When they participated. In the historic Lincoln Douglas debates of 1858. Again the tax number 68680. Our gentlemen. Texting I think we have a consensus. Is a major contributor to traffic fatalities deaths accidents fender benders whatever yes. Tucker so violently you first learn how would you solve. Outcome both more technology similar to you know and apple car. Dabble our play. I just at a new record a new lease and attack comes with the apple technology and what it is is you plug it in them. And you can text via voice while you're driving without using your fingers and hands anything. You need more technology like that. So progressive technology. It stops people that are looking okay more chance for chuck woody year what's your solution preacher and of this one. So much into research recently that shows the hands free stuff doesn't make a huge difference just because you're still distracted right thumb what I would do is I would dramatically increase the penalties for texting and driving. Including up to shoot the tires of the person who was texting and driving I'm I'd. I actually like. Trucks approach he's shooting retires today how many not want cars in motion and I'd I'd like the card of how many of the tires at issue. First offense is one and it goes up by one tire for each subsequent offense that so with the new tire hundred bucks but more than a 10200 dollars would you be a sign on top of shooting of the tire and here's the other thing oh yes absolutely fine on top but first one starts it you know 500 dollars in goes up by 500 dollars each time I think is bigger 5000 dollars in her and I can drive. You know and and I think that beyond that. You know you you just need to you've got to figure out some way to get through people as we see all that I see when I'm driving through Boston right now. I see every Massachusetts state officials vehicle now that bumper sticker that says don't text and drive select it. You've got the message out their party it's just people are listening to it. You need to change up the approached either increasing fines and like DW lies back in the eighties you you've got to do something because all of the statistics show. That it is pretty much as dangerous if not more so than driving drunk. Well because people just look at the penalty like a hundred bucks I'll take my chances should the tires 500 dollar fine all right my solution is drone technology. How'd that work you have a armed drones that pilots back at the barracks is the problem with the the police officers doing right is it's so time consuming and really it's a waste of their time it's not an efficient use. Of their time allotted and issued ticket it might be these days with him and I enjoy problem's gotten Betty you could do a lot more with a drone with a live camera right. So the copies flying the drone over. Route 95. He sees that your texting right he takes a picture of you texting while you're driving. And issues your 500 dollar citation and when to pull over the issue tires do you think he'd be able to see enough. Oh yes I I think so yeah if he absolutely. And with a draw you can do with just stationary cameras. But the problem is you would figure out where the stationary cameras are in the U dude avoid. If you did it would drone technology to think about up and down the highway. Me they're just you've got a copy he could give out. Hundred tickets and our. I guess he could beat you think about how frequent it is that you see people that are on their phones texting you see it on 95 all the time. The the other thing that think will be interesting and I think this was what you said happened to you back today with the radar detectors Cobb made you run over it I think look. Should the tires have a cup and have the you run over your phone it's a thousand phones then you are stuck without tires and I'll tell you will not taxed. In that that you I mean I understand your point chocolates are realistic what's it gives you enough of it that's the problem Eads still they have a pretty good chance of I don't know these cops are pretty good shots. How much do patriot tickets cost this season I was picnic I I'd watch football and and and I enjoy it. But I can't tell you the last time I actually went to a patriots. Yeah I mean it's it it's it's gotten pricey it's priced a lot of fans out and it's priced a lot of fans at 300 Selva. 385. Dollars that average right now okay that's the nose bleeds the the and the expensive seats all average in 385 bucks. For one take. And that's that's including pretty she's not believe as well if you include all of eat regular season games ago was it for 61 ticket. If you include if you look at just the Seahawks game okay November 13 the average cost of that ticket is 792. Now. I don't think I've ever bought a patriots tickets are going all only gone to game if I've got have a freebie freebie then I'm a mock Qaeda leaders and him. Color that AF. I wouldn't I don't know that I would go somebody gave him one for for it has on the weather for me but the fear is just I it's so comfortable watching at home that actually. The leads us to our poll question of the day Tucker yeah and you can vote on line financial exchange showed doc common it's simply do you plan to go to a pitcher's game this year yes or no. So far the results are 63% no and 36% yes Bristol pretty early on yours so that you visible. This year I'm immediately get a ticket and we in the two games here too yeah if I get a freebie Ali he had freed up and I mean we have another interesting idea here for 617 insist they only to fines paid. Yeah that's not bad or take deactivate takes somebody's formally I mean you think about how reliant we are potter oh yeah. Can't can't go two minutes without you is that you're driving and texting you know 617 says you're gonna start call me Big Brother. Well look you know people are dying in an 88 I had I get a lot of criticism towards mine. Drone approach but how would you feel if your grandchildren. Died in the car accident his son Jack ass was texting. It's it is a huge problem in one of our listeners may up from five way texting and driving worse than drunk driving these days it look I see it every either. On my morning commute or on my afternoon commute I drive by meters twelve miles it's not particularly long. I see one to two of these things a day in it straight highway we're not talking about twisting roads in this in that. Is people rear ending each other because their eyes are down in their lap instead of up on the road. It's more than just texting too we got all these apps you know FaceBook Twitter and Graham snapshot out mongo every gracious distracted. He leader bank has a fantastic new program for jobs to create jobs in New England. To qualify for a New England jobs loan the business must meet at least one of the following criteria. And they'll get a loan at an interest rate of two point 99% I defy you try to find. A business loan and an interest rate of two point 99%. It has to create new jobs in New England with the money that's borrowed. It has to demonstrate the money Bora has to demonstrate that the jobs will be lost if the long was not made. You have to improve diversity. Or stabilize the economy of a community expand the small business owned and controlled by minorities expand a small business owned and controlled by women. Modernize or. Upgrade facilities to meet health safety and environmental requirements or revitalize the business district or community. Any one of those seven criteria or if it does meet one of those criteria and leader bank will make a loan to your business loan. At 20 that's right two point 99%. To learn more call leader bank at 877. 691. 7900. That's 8776917. B 900 talker did you arrange for somebody from leader bank to come on the show and talk to or not. Right the go to leader bank dot com to learn more about it or call them told free the loan interest rate for business owners two point 99%. 8776917. B 900. Soda consumption falls after a special tax in California. This story chuck remind me of the decline in cigarette smoking when I was a kid. 40%. Of American adults smoked cigarettes today that numbers less than 15%. If it were down it somewhere around thirteen or fourteen and what we saw is in in low income neighborhoods in Berkeley. After the city was the the first in the country. To put in a one cent per ounce tax on soda. Consumption of soda fell by 21%. And he's a significant jumps in the amount of water consumed. As well and and looked. This is exactly what you want this exactly what you're trying to do witness the the incentive here people say oh he's. It's possible although the people who just said wanna leave discount or I'll leave this town and buy some morals I am wondering they might have I'm wondering about the accuracy of the data in this. They might have especially because it is such a small area that they are measuring but the fact that you sell water consumption increase that marched. Tells you there's something to what you're seeing here we saw that in Philly too didn't know they just put it India that you're gonna have to wait a couple of years before you have any data I think you're going to see these more and more all over the place and look there's some truth of the fact that look it is it is somewhat of a revenue grab there's no doubt about that. But you are trying to incentivized healthier behavior because people won't take responsibility for what they're eating and drinking. Our tech's number is 68680. When we come back we will be joined by Erin lash from Morningstar we have to stocks elections to. Discussed with you in addition will be giving you the answer to our trivia question from our insurer match dot com studios. Money doesn't really but Marion chuck do you got the financial exchange on the financial exchange radio network. For you movie fans out there Eddie Murphy and Dan Mac parade made millions trading commodities during their famous partnership in trading places with the right information and guidance YouTube may find success in investing in certain types of commodities hi this is very Armstrong and -- your portfolio includes commodities or not you need to call me right now at 803934001. Thing get my free guide on investing in commodities learn about the many benefits that may exist by investing in products such as oil gas or gold when you call ask about our free review of your current portfolio call today 803934001. That's 803934001. Securities offered through securities America incorporated member can SIPC and advisory services offered for securities America companies incorporated Armstrong advisory group in the securities America companies are not affiliated investing in commodities as often through futures trading where the risk of loss in these contracts can be substantial you when your advisor should carefully consider whether such trading suitable for your financial situation. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets and our friends at the insurer matching agency can prepare a personalized plan to get to the best coverage at the best price call insure a match at 84499. Match 54 for 99 -- many of our listeners older 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 84499. Match that's 84499. Match insurer match works at the leading carriers in the industry like our -- Plymouth rock and bore 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. Tiger but he very Armstrong here from the financial exchange them joined by. Leader bank and leader bank has an exclusive. Program for those of you who are landlords your 401. Tenant. Zero it might be something we want to look into Jake talked about Europe how long has it been around. We've been offering he ran for almost two years now two years and his have been success has been extremely successful we've. Offered this product to really target hardly in the hours were still collecting checks in paper form in this day and age. And the purpose of zero needs to really bring everything on line between electronic but more importantly. Have a piece that it and forget it so what's a landlord hazard tenants that up. And really there's nothing that needs to be done until the lease is over. The rent is automatically drafted from the Tenet's account he knew he choose the date of the month does it always the first of the month or could it be there that's a sign attendant on the fifteenth 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 whole lot so it's absolutely free if the wayward banks with okay if your idea landlord you have your bank account leader pain you get this is you rent service for you get for free. 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 will waive the fees that. Pretty pretty simple it's pretty cheap and it's a great product our landlord perhaps the league club. Lot of our it's called zero rent and the website for it is www. He rent dot net. Or you can call leader bank at 8776917900. To learn more 8776917900. Collect your rent electronically makes an awful lot of sense to me the phone number again 8776917900. Or visit. Zero rent dot net. Become a member of Barry's brigade at the all new financial exchange showed John come and get the business and financial information. When you wanted to sign up today I financial exchange showed Don gum. When Lincoln and Douglas faced off in the historic Lincoln Douglas debates of 1858 there were both running. For the same seat in the US senate. Two years later both men competed in the 1860 presidential election. Douglas initially won the US senate seat but Lincoln ultimately defeated Douglas for the president. Yes they were running for senate before that presidency and Gary from Marion had the right answer Gary takes home 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 fried clams. Terrific onion rings and more call 50 wait. 2552575. Or. Visit them online Arnold's restaurant dot com for more information. We're joined now by Erin lash from Morningstar here to talk about a couple stocks with those. Eric thank you for joining us. Aired a couple a big consumer staples companies here let's start off first with Procter & Gamble. This is a company that has been trying to streamline its operations over the last couple years shown off a number of what it calls their nonessential businesses. What have they done and where do you think this company's go over the next few years. Yet as you mentioned they have taken a significant step significant step in on printing their portfolio. Telling offered disposing of more than a hundred brands. And keeping the course 65. From our perspective those expert. Ultimately. Able them to focus their resource to both from a tiny at all but also personal perspective on the highest return opportunities. Without sacrificing scale are negotiating leverage with retailers. Given the brand that they've gotten rid of only accounted for by the temperature of their sales and operating. Nor question that I have specifically with them is. Obviously one of Procter & Gamble's primary brands has always been Nigel let the it's it's been a huge part of their business we just saw what was it a couple months ago when usually overbought dollar shave club. How much disruption is there in that space how much they feeling it now. Yeah I would say that in alternative distribution channel on to specifically e-commerce. Cheating contact and destructive. Two consumer product state but specifically. You know with that acquisition in terms that achieving business. From decades. That perspective PG has taken captive on to own. I'm skating club as a means by which to. Combat and off that some of those Pacman. It's on top of that making sure that your products are being distributed where consumers are shopping at the trend that is unlikely to compensate anytime him. What are seeing from Procter and get Procter & Gamble internationally and that was a major source of growth for them. From BO the mid ninety's Rudy early 2000. Are they still growing is strongly there is that somewhere they're starting to run into some walls. Within emerging and developing markets in particular international. I'm combine you know it as a whole has been slowing but not just for Procter & Gamble but for calm you know the categories in which they play. Base on and obviously their current rate slowed as well the continue to outpace. More developed regions on particularly within North America the one. Back with stated that PNG. On. Has spent working to extend its stop and it's distribution and other channels looking to. Further penetrate as market. And the players that they compete and in those markets. Colgate you know lever has been playing in those markets for anywhere from dictate a hundred years in P&G doesn't have. Quite that extent it's a tenure in the market and sell. The ability to. Bringing new products to market that resonate with local consumers that Taylor in those products to meet local consumer needs. They'll offer. Duty for growth for PNG longer term. Let's not turn out a look at Hershey obviously the the US based on manufacturer. Maker of pretty much ever ones first chocolate bar probably. When you look at this company they they just. Fought off a an acquisition attempt by among the least potentially looking for a higher price there I know there's some talk that you may have a shuffling. Of god gives us an internal board seats and so forth. Do you think this company ends up being acquired when it's all said and done. Obviously that's you know it is very difficult question to insert there are a number of factors at play with regard to Hershey. That make an acquisition of the company much more different than other players in the state. On despite Hershey's initial rejection we don't think that my belief that the interest dictated. However. Given ownership interest in the voting right helped by it being urged Milton Hershey trust or trust. Which controls about 80% of the arms starting right. Combined with the necessary approval. Of the attorney general in Pennsylvania we think it purchase of Hershey is that adequately more difficult in would be required significantly more hurdles. Back in 2002 or to put them down on the market only to pull themselves off the block. Hum a few months later on different. These are significant I can't accomplish by not only the attorney general but also backed school one night that wanted to keep Hershey independents. Aaron if there is no acquisition that happened here. Where do you see her she continuing to develop their portfolio and where they go over the next several years. Appreciate already the dominant player in the US state control in about 4500 US adequate on the market. And I and that includes. A Cadbury like in the Turkey has maintained since 1988. Another reason why I'm on Italy was particularly interested in acquiring person. You know but personally generates are already generates about 85 to 90% of their sales in North America and that's making an opportunity to grow its footprint internationally. They haven't cornered. And challenges they've looked took and abroad. On peace on just. Adjusting their product portfolio and local paper impact and says. They also are competing against the established players that maintain permanent foothold in those markets and so we don't think that international we think that international provide. Another avenue for growth. But we. Think that we don't expect personal gain significant share in those markets in which it's looking to play. From our perspective you know internationally or domestically. Or she does a good job of Al working with retailers to return to product a position where consumers are shopping. Particularly more recently looking at in between. Health check out underneath check out that occurred at vocations and the ultimate working to tailor their Mecca too conservative more focused on helping on the political convenience. I'm in terms of wanting. He and I'll take offerings of smaller by tech pieces. Your favorite candy and recyclable bags. The means by which to appeal to that come back consumer advocate looking for something. Small that it indulgent. Very good Aaron thank you very much for joining us -- lasts from morning star stickers on those companies are PG an HS why we are done for the hour Barry Armstrong Tucker Silva and chuck is not a you've been listening to the financial exchange from our insurer match dot com studios. Commodities are an essential element to the global economy the fluctuating costs of items such as oil natural gas and metals like gold and silver may play a vital role in the market's performance on any given day hi this is very Armstrong from the 803934001. Ask for our free guide on investing commodities and ask about our free financial review of your investment strategy that's 803934001803934001. Securities offered through securities America incorporated member finger SIPC and advisory services offered through securities America companies incorporated Armstrong advisory group in the securities America companies are not affiliated investing in commodities is often through futures trading with the risk of loss in these contracts can be substantial you when your advisor should carefully consider whether such trading suitable for your financial situation. I am very Armstrong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their super offers and I'm here to tell you about another one there are offering a tremendous deal for small business loan this offer is only good for a limited time so if you own a small business and you're looking to make improvements this is the deal that you should really pay attention to you can secure a four year loan and fixed rate of three point 99% with absolutely no closing cost alone can be up to 50000 dollar and leader bank promises a two week turnaround in -- ready for decision that's a four year loan at a fixed rate of three point 99% this is a tremendous offer but it's only available for a limited time caller right now 8776917900. That's 8776917900. And you can lock in to this great offer 8776917900. Or visit them online at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval -- bank a step ahead 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 a personalized plan to get to the best coverage that the best price call insure a match at 84499. Match 94 for 99 -- many of our listeners own hole and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property -- family are safe and properly covered will also dig out all the discounts preferred customers like you can qualify for call insurer -- to compare multiple rates and carriers at 84499. Match that 84499. Match -- match works at the leading carriers in the industry like -- bell Plymouth rock and more their license for all types of insurance and they can save -- time stress and money with just one -- -- -- -- from law -- Cushing and Dolan and Todd. Were talking about techniques that can help protect your assets from the nursing home. Let's talk for a moment if you will about things like. Bank accounts joint investment accounts are they at risk if you go to nursing home are those accounts at risk. You know yes those accounts are risks that the quick answer and you know the interesting thing is this all assumes that you've not put any of these and any trusts to these erect these are last minute techniques are faced with a nursing homes situation. And these assets would be at risk so if your spouse. It does not matter folks how you all the assets US the healthy spouse can have all the bank accounts. All the joint investment accounts in your name alone. Still won't matter they're still considered at risk. For the cost of long term care now of course if you're single. Well then all the assets are risk for shore and if it's a joint bank account they're absolutely at risk. 100%. Even if its joint with a child. Or niece or nephew and that's what happens lots of times when your angle it's still considered. A 100% at risk it's that joint bank account that I'm I'm sorry that joint investment account. That if its own when they non spouse there's an argument to be made that half of it would be protected but folks these are last minute. Issues that Iran into advanced planning certainly is better but you need to know what your options on last minute because so many people don't plan. The majority of people don't happen a state plane and you showed in you should call right now Cushing handle and receive their free guide. It's 8668485699. The guy is called Medicaid eligibility and last minute planning techniques call 8668485699. Operators are standing by right now to process your request poll free. 8668485699. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917. B 900 that's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Hi I'm at a London and if you are worried about your character Loveland living alone like I was. And you are reliable senior care information and call a place for mom. The nation's largest senior living referral service you'll get free information on assisted living and alzheimer's care nursing homes even important financial. Information they had obviously researched every place not just given me is. They found a place for which he could afford and it was magnificent. Where now the very confident that she's safe and they helped every step of who. I. So if you're struggling to find reliable senior living information call plays for mom this is a free service and you can track them to help you if you struggling to find reliable senior living information for your mom or dad didn't call or go online to get that we help you need during this turbulent time call now 80467753804677530. Pat Boone here with a word about banks' safety you think your money in the bank is safe don't Banco and it. But generation ago bank account felt secure and they paid interest this encouraged the virtue of thrift savings. But today. Bank accounts paid virtually nothing and shifted from low risk 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 or be your best. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on. Still think you're bank deposits eight. Yet this vital new white paper now call toll free 8051960. To 71 that's 8051960. To 71. When you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally owned by your gold locally that just makes sense give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value. Leader back a step ahead fight your favorite news photos and sports updates on your phone with a AP mobile from the Associated Press AP mobile where the news gets its news. This is the financial exchange with Barry Armstrong and show Oksana. You're exclusive look at business and financial news affecting your date your city your war. Stay informed and today about economic and market trends plus breaking business news every day. And now the financial exchange we have Barry Armstrong and sharks. Sunday's win. Other days you lose that we're talking about today. Hired by the very Armstrong and chuck is not a with you on a day where men and markets are trending down not a lot chuck but I mean we are in negative there. In negative territory most indices down about a quarter of a percent right now you look at it on a sector by sector basis biggest losers on the day. Pretty much whatever was up yesterday materials and energy leading the way down today consumer staples and utilities relatively stable health care pretty stable. Little bit of a move to safety today but nothing bit. Nam via thing that strikes me is the price of oil and I've generally been happy. In an advocate of lower oil price is not the one can be an advocate right they are with our I don't controlled nobody in other than the saudis control the price of oil. But you look at the price of boiling you say well this is great and buying gas for pattern of two to twenty gallon great raw happy about that. We're looking at buying our home heating oil this winter probably about the same price to boxing on so you're you're looking at that your your thrilled that. But if you're a stockholder. In ExxonMobil if your stockholder in Chevron your stock holder in BP. Trucks out I think you need to be a little bit nervous about the safety in the ability for those companies to continue to pay those robust dividends. It is concern as you go out probably twelve months from here now. It starts to become a concern most of those companies really all of them have been able to maintain dividends and distributions to this point. But you weren't getting to the point now where even your big super majors. Or start to feel a little bit of porch when they're borrowing money to make whose dividend payments they are they are and what we have that's never a good thing folks what we've seen now is that US or not not even US but. Oil companies' debts have now hit an all time high. With Exxon shell BP and Chevron having combined debts of a 184. Billion dollars. At this point. The the one thing that you could potentially. Say with regards this is that if oil does bounced back up let's say and look I think it's a long shot but let's say that OPEC. At some point next year so gets their act together and say look we're gonna start restricting supply and all of a sudden these companies look a lot better just because if you of that level. Well you need what would they need so if a guy who own shares of ExxonMobil yet. What is he needs he's got a thousand shares of ExxonMobil. He's counting on that dividend is part of his retirement income and he knows darn well if oil is at thirty bucks a barrel they're gonna cut their dividend at what does he need for Exxon to be able to maintain it 5055. To sixty. The big companies are saying between fifty and 55 I think working a lot of outside researched. I'd say that you probably feel more comfortable. In that sixty dollar a barrel. And and I don't know if you can necessarily if if you don't see. Action by OPEC Arabic to get there. You know the problem is we're all. In its ingrained in us to be used a three dollar gasoline and you know even 350 right we got used to that and and and we and we became accustomed to it but the fact of the matter is. If you looked shocked at the fifty year average for the 100 your average of the price of oil inflation adjusted yet but forty bucks. Yeah I mean look it's showing me I think if you're stockholder in the companies if save yourself hey we may just we may be reverting to the mean. You could be and I think. Especially as you continue to get additional forms of transportation that don't rely on gas necessary own and again it doesn't take a ton to make that ship we mentioned yesterday. That the number of electric vehicles on the road still less than 1% of the entire US with it's still a very small amount overall. But he's starting to get into that four to 5% range and that is the real impact on demand as we've seen as we still consume more oil than anybody else. We do if if you look at the Maria. If you look at the the none of the countries in terms of the the greatest consumption. We are a little bit piggy. We art not a little bit picky okay. Weekend at the ten biggest country has amazed the ten biggest countries consume about 58% of the world's oil every dad okay and there. Rory in those top ten in China you get in US China India Japan Russia. Saudi Arabia Brazil Germany South Korea and Canada and its fifty million barrels per day so those those are your 1050%. Of the world's production of about 45 million barrels debt and how much to reconsider the US is over 40% of that. We by ourselves we do about 2324%. Of the world's point going oil like every day those might take impression talker and goes back and Brad goes pretty. One well. That we can move into a farm animal hours later on maybe but yet it looked at the numbers are they're staggering because again but you know kind of leveled off and our our growth rate. Is either flat or bought. We haven't here's the thing so we said that the US represents a 2223%. Of world pot of world demand more okay. If all the sudden if you see over five he appeared at 5% dip is people are moving over to electric vehicles okay. The two million barrels day you know that's that's not a small amount in that could be made up by India right. India trying to and unless all of a sudden you see that they are moving in that direction they are because of the pollution problems just like her to Demi you look at their cities or cities are. Uninhabitable. Because of the air. Yeah US US demand actually peaked back in 2005. That are 121 million barrels and so demand in Asia continues to increase demand in Asia. Since 1985 is gone for about ten million barrels day up to around thirty million barrels in the tripled in the last thirty years. Tupperware is John Moody when you need him. He's actually calling us on Friday he is now a leader to write this down we have to torture him about Wal-Mart the cache of there's Johnson's tough spot. John is a big fan and personal friend of Warren Buffett. But Warren Buffett just dumped 27%. Of the shares. In Wal-Mart and John you know how John feels well former loves it he's like mr. Wal-Mart to baby. It's data gathering reasoning is interest you look at his Buffett's been very forthright about why he's real Wal-Mart will do. Do you really believe in terms of I mean obviously there's a company that he's known for want them now okay. Do you think this is a movie that he is doing or do you think this is one of the things that one of his new executives not new executives that new managers who I thought you take a bigger role. Perhaps but I think he still has more influence over them. Then we might be led to believe I mean he's a bright guy I mean if you say you're managing a fund for Warren Buffett and you've got six billion dollars. In your about to make a trade but he called Hillman. The same warm by the way I'm thinking about selling your Wal-Mart. Yeah I mean I would I did it just be out of courtesy I would call the men. Well the the thought here in and really what the the thought is why of why he's dumping some of the stock. Is Amazon. It's one guy you're ready set. That sucks yes things Bezos is the cats me and that's and and that's a good reason frankly. Right he said hey Jeff Bezos smartest guy in the room. And an investment I mean Bezos is probably up there in terms of you talk about your great CEOs of the past hundred years. You've got to put some more on street very lucky. One went to know when you're lucky or good no one's lucky that many times and I don't buy and and the thing about him is that he no he's not necessarily the smartest guy out there mean but he simply just need they try everything he's got a vision he says look I'm gonna just try everything possible he's fearless that's. You know certain CEOs can talk about. Steve Jobs being the visionary who you know developed and really worked tirelessly and every product. Bezos if there's one quality that defines his tenure as CEO he's fearless he tries every. He does he does speaking of CEOs and their next segment we're going to be joined by Benjamin Lockheed is the co CEO. Of technology and Tucker still but every Wednesday. We have a business owner segment guests today is no different but if somebody is out there. And they are driving on route 95 them and they own business and they'd like to come on the show talk to step about the business that they run how'd they do. Yeah they just simply go to our website and contact us and our web site is financial change showed dot com. Click on the contact us link and that'll go right to my email so it's diseases that. Before we invite Benjamin in studio did I pronounce the name of this company properly again. Hate it when I do that that's next we are talking to the coast CEO of technology and Benjamin locked from our insurer match dot com studios. Baron and shut. Alex. This is the financial exchange radio network. And ago. You going to I'm not. It's do. At our notes there are three kinds of artists around bar with oysters plants and sure I'm hopeful the. Us and but Jason to the amazing mini golf course three bars no waiting well. Maybe a little waiting but worth it Arnold's on route six and he stands. Each week I'm a legal exchange let's get updates you on how to reduce your state Texas federal avoid probate and how to keep your assets in your blood line. That's great but what about the family behind your state plan what happens to your money if you get sick and going to a nursing home mean answer is that we spend down and sorry to the tune of 151000 dollars per month and 180000. Dollars per year hello when your money last if you went into a nursing home. When your spouse have enough to live on if you did nothing to protect your assets the Medicaid rules change almost every year and the elder law experts at Cushing Dolan have updated all of the pertinent facts and figures in their Tony sixteen Medicaid guide call now for your free copy at 8668485699. You can also downloaded by logging onto our website and legal exchange showed dot com Cushing Dolan have been helping Finley to protect their assets were more than thirty years let them help your family. 8668485699. That's 8668485699. Or is it legal exchange showed dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer imagine agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's -- 4499. Match many of our listeners don't know 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 walls of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry Laker bella Plymouth rock and more. Their license for all types of insurance and can save you time stress the money with just one phone call and one relationship. Called today 844 and 99 match or go online and ensure a match 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. Or visit leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject 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 process and teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FTSE equal housing lender and Ellis number 449250. Subjective credit approval leader bank a step ahead. Keep up with the latest from Wall Street by following our daily stock ticker at the all new financial exchange showed dot com you can also listen life and catch up on her shows on demand log on today had financial exchange showed John come. Every Wednesday we invite a business owner into our studio to talk to us. But what they do every day food they serve and how more importantly they make money today is no different of course we're joined by Ben Locke. He's the co CEO of teco Jan. Fascinating company you're gonna wanna learn a lot about this because I've been learning a lot just in the past few minutes. As we are sitting in the green room getting ready to come on the show. Then thanks for joining us should not be here. Fascinating it to learn about your company basically. And on and try to summarize it for our audience and then you can make the multiple corrections necessary. That your. In the natural gas business you you create. Electricity. And heat and hot water. With the the products that you mean. Factors that correct yet into an eternal sense yes generate it and energy generation right right it's really it's Florida and the clean tech area where you're taking a very. Clean source of of gas natural gas and very plentiful affordable these days. And using that to displace the way be using power in your buildings traditionally yeah which is the electric grid through your local utility sure. And now from the heating standpoint funnier boiler furnace whatever avenue building the treats hot water and take showers used pools and things of that. So the office building on sitting in right now. We have hot water occasionally. And we get our electricity that I get my bill from ever source I don't know the building it's not that our office building is not creating. Its own electricity you primarily don't service office buildings your big customers are going to be hospitals. And hotels is that right. That's right because again what we're doing was making two sources of energy at once were making electricity of course everybody uses is very expensive the up. Or are also capturing the heat for not generating process and using it. So by by making electricity and capture and he you've created a very efficient system. A much more efficient than if you bought your electricity can fund from utility. And if you had your boiler running brings about that increased efficiency it's up with a 90% of fish that's twice as efficient. As you can make it traditionally and that's result you get cut greenhouse gas savings and except. And and the building of course is saving a lot of money because they're electric meters not spinning this past few. And their existing boilers are turning on as much that you got this based loaded piece of secret equipment. That's running. In creating power and water for the Boeing and then as a second piece to a two is very important especially in the wake of some of the storms that have come on yeah especially us jurors on sanity that. When people lost power for many days will last winter lost power for two days hit this while and so you always think to yourself boy what if I had a Jenner and back at the well with this piece of equipment. I'm not only saving money most of the time but if the grid were to go down because storm or. This disruption in the utility in this equipment can continue to run because natural gas flow is still there. So there's this resiliency piece that people really are in the especially in. A place like New York City where hospital and had her hospital like smartest people that are reliant he could die if the loss of electricity a golf course and so we're starting to see all of those factors. In the northeast and in a very high rise building for example you can't. Take your elevator Chiat top floor the power it was but he he's got this secret and equipment running. You can continue to pilot lights target phones you know I have friends over until it comes back run in the heat vision equipment is very sophisticated. And it understands when the grid goes down button and continue to run and more importantly when the great comes back up the and transition back to great power and that's very important point is something very unique to teach because utilities right now the F resources in the continent the world. Are very careful about that and won an action that would damage their equipment and transaction shirts tucked you have a question. Yeah Bennett seems to me another area where this this could make sense now know if you do any business on this front is our supermarkets just because they have. Team that they have incredible demand for energy for Colin but then they'll need to keep the place there ain't any application. On that front on that side capsule there yes that that grocery stores use a lot of electricity of course that they're running cooling equipment all the time. They're heating it. My team the biggest load for grocery stories if you imagine that the vegetables and fruit section right with a constantly running their equipment Aaliyah and they have to keep the air quality. The supermarket. And get as well take it to him in Newton yup so there are systems that can take our it's our combined heat and power technology. Almond transition that in the cooling as well so not only making electricity. This is cult tried generation and sort of code generation remaking electricity. And hot water and tried generation you make electricity. Hot water and cool. And so our system is as a base component to a system flexible. And other areas imagines largest supermarkets like count. And the goldmans are to get exactly weapons with -- produce a lot of organic waste. And a lot of them are starting to have I adjusters on site to take all that organic weight waist and make it usable past for. So ideally you can have one of these supermarkets have a digest. Take that digest aghast it feeds into our equipment not equipment makes electricity heating and cooling for the bill very nice bottle from an efficiency standpoint and an economics. Let's talk about money being there in use in a hotel perhaps as an example your hotel operator in your running. You're buying your electricity from ever source or some regular utility company in your buying your heat from some other source. How much money can you see by using one of these teco gen. Generation systems if you and factory you're lined up to accept natural gas. Yet you could have a lot of money the utility rates are especially high these days you've got your own electric bill IC mine at home I cringe every time I look at it. So electric rates go higher and it's not just. A natural gas is very is very inexpensive and so we've got cheap natural gas running your electrical equipment you get a lot of cities to a typical building that has an 81 of far. 100 KW unit that's kind of our name plate as 100 KW. I'm could save upwards of 8200000 dollars a year. And so of course it costs money to install this bias and and things of that so we'll your independent but you're in that your independent. And power goes out your home your customers asked the man is doing their pats track he'll always have a little bit of import from the utility still noise what it it's we can't sell the energy back to the grid that's very important. On point here it's not like solar we can sell it back the utility will not allow you to export. So you always have to have a little bit as important and I'm still is get a little bit of electric bill but it's substantially reduced and in it and again these these high electric markets like here in Boston in New York. Easily 8200000 dollars. That this is not for residential purposes and other was I would buy this from my house this is strictly for. Large industrial. Application that's that's right area house is kind of too small tablet isn't there are smaller scale systems deacon Stalin house armed. It is smaller apartment building. Becomes less cost effective rate to do that so we typically look at in terms of residential. You know 5050 units are higher and and then of course and in the large cities where there is no 300 foreign 500. Units there will have. At two with three of our systems there for a total pass if communicate that however many it takes. We have a facility in new York and that it has takes advantage of the resilience peace they are completely off the grid Clark. There's six of our units rank and there. And they don't you have any electrical wires going to it there completely reliant on our our technology and that's it a lot of money that they are so. It would work in real best in densely populated areas yet yet typically you wanna go to the areas where I and you follow. We got a spark spread that it's it's basically high electric rates. And low gas price you and any business in Asia. Not right now are strictly North America yet to Clinton is North America week you have on some outreach in Europe now we've got many of our units running in the and the UK you know we have different. We have other puppets of technology yeah it's Emeka. Chiller system to steer can use this fuel. And heat pumps which were expand it to Mexico on some of the island's not Puerto Rico for example but our core business right here in the states. With debt what are your expansion plans do you plan to grow this business woody who Hamachi do an in revenue now. Our revenues are rev run between 20/20 five million per year at ten attracting little little bumps up and down he had paid on the sale of the equipment. What we get paid a couple ways we get it on the sale of equipment. In some cases we have stolid ourselves from that way we've we kind of when we stop ourselves what kind of perfectionist and you are not in the service work and get the exact in the active reserve has paid so the service revenue ends up being a good portion of maybe 40% of our revenue and that's good solid predictable revenue and oftentimes is a long term service contracts you wouldn't work in a sixty unit condominium complex is a lot of personal use there yet. Yes a lark if it comes down at the system's size and we recently have the ability now to go to what little bit of smaller system I mentioned aren't aren't name army in what was under Qaeda be recognized. The smallest 35 yes absolutely fit in there and just to give you some frame of reference your home for example if he could probably get by with a two kilowatt. Generate and that's generally kind of use it with talk and that's why it's a multi unit. You know fifty or higher fifty units are higher this 5050. To Alex how do our listeners learn more about your company. T Cogent short wolf of course that there's a website now and down that's some very nice video testimonials and what's that we at a building. In New York court on during sanity. They installer equipment. But it realize it but they had that blacks are capability and ability to run and they ran six days of very nice video testimony there. On and announce of course we have some Presley's very good thanks very much for joining us debt glad to be. Ben Locke post CEO of T Cogent I'll give you some contact information. When we return to our insurer match dot com please. You've got to barrier and stronger financial exchange on the financial exchange radio network. If you're looking for a great deal on a new counter program you should check out the zoom rewards program to leader bank is now offering this a checking account along with the companion savings account and as long as you qualify you'll receive free Democrat. 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 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 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 at 8776917908776917900. Member FDIC equal housing lender zero point 20% annual percentage yield earned on portion of daily balance greater than 50000 dollars those who do not qualify presume rewards will learn zero point 10% annual percentage yield on savings valley member FDIC. Hi everybody very are strong here from the financial exchange and I'm joined by. 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 were operating a fixed rate of three point 99%. Extra for 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 and 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. 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 differing use says there's there's really no limitations on and is longs for a good corporate use but it's 50000 dollar you pay it back over four years he interest rate is three point 99%. Exactly. With no closing costs it's a pretty attractive program is our way to Kenny work with the local community and build small business relationships. Very good folks at. SBA loans call them toll free 8776917900. Three point 99% to pay it back over four years. 8776917900. Porphyry. 877697900. Or check them out online at leader bank dot com. Each week on the legal exchange amongst updates you on how to reduce your state taxes federal avoid probate and how to keep your assets in your blood line. That's great but what about the Stanley behind your state plan weapons your money you get sick and going to a nursing home. Mean answer is that we spend down in a hurry to the tune of 151000 dollars per month and 180000. Dollars per year along when your money last if you went into a nursing home. When your spouse have enough to live on if you do nothing to protect your assets. The Medicaid rules change almost every year and the elder law experts at Cushing Dolan have updated all of the pertinent facts and figures and their toll sixteen Medicaid guide call now for your three company at 8668485699. You can also download it by logging onto our website and legal exchange showed dot com Cushing Dolan have been helping families protect their assets were more than thirty years let them help your family 8668485699. That's 866845699. Or is it legal exchange showed dot com. 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 a personalized plan B gets you the best coverage at the best price call insure a match at 84499. Match -- for 499. Match many of our listeners -- home and one -- two cars if that describes you here's the perfect candidate for free consultation to make sure your property and family are safe and properly covered will also dig out all the discounts preferred customers like you can qualify for call insurer match to compare multiple rates and carriers at 84499. Match that 84499. Match insurer match works at the leading carriers in the industry like Art Bell Plymouth rock and more their license for all types of insurance and they can save -- stress and money with just one phone call and one relationship call today. Four for 99 match or go online at insure a match dot com. Get your thoughts and questions seem instantly takes the financial exchange at 686. Save it. This is the financial exchange on the financial exchange radio network. This segment of the financial exchanges brought to you apart by leader bank. It's not too late to get a great rate on a home mortgage. Leader bank has some of the most competitive rates around. Call 8776917900. Or visit Peter bank dot com for more information trivia is brought to you by. Arnold's lobster and clam bar there are located on US route six in east ham Massachusetts. Arnold does agree rob Barr including Wellfleet oysters lobster rolls fried clams terrific onion rings and more. Call 5082552575. Or visit them online. At Arnold's restaurant dot com. Which political party. Did Abraham Lincoln belonged to before joining the Republican Party to Abraham Lincoln was not always a Republican. 68680. Is our text number. First listener with the correct answer will win a fifty dollar gift certificate to Arnold's restaurant. Which political party did Abraham Lincoln belonged to before joining the Republican Party. Chuck we had a couple of people that text is in with questions. One wanted to know where Deere equipment is manufactured. And five await their equipment is manufactured in Waltham Massachusetts. And then we've had condominium number of condominium. Complex managers asking yup if its ability at that at least fifty units to make it financially efficient it imagine. Say you're in a Condo right and you've got natural gas. Personally gonna save money on you're on your bills rate your save money on electricity and on heat. But more importantly. When the power goes down you're still gonna have your electric got that electricity that's huge in every winter we lose power via it's a matter how long he can lose power for four archer like last winter yet many of us lost our power for couple days ago. Say the to learn more about that company we just we're talking the CEO it's teco Janet. TE CO GE. And dot com and Tucker's there's something you can do in terms of posting that link on our web site. Yep they'll be on our website on demand and now you can listen to repair okay teco Jan dot com. Jackson Hole gives Janet Yellen a stage to keep her 2016. Rate rise on the radar. She Golan Hershey stay. Given notes that they always do this in Jackson Hole not near south central LA and that's right it's they don't get to go to these you have mentally Newark, New Jersey. Yeah cumulative put in place that you can have these but. Yeah the the Fed's gonna be out in Jackson Hole again they're actually out there right now as we speak they're going to be talking on Friday. And really. Discussing. What's going to be happening over the rest of this year and I think giving some guidance heading into next year to put in perspective what the market is pricing and right now. Okay now market is pricing and Ford December 14 which is the last fed meeting of this year. There's a 42% chance that you'll seen one hike by that and that's all 42 because that's down from fifty up 810% chance you'll seem to hikes by now. A 1% chance you'll scene three in a 46% chance that we're still right where we are to them now okay. If you go out a year from now to July 26 of 27 team okay the projections or 42% chance that we've seen one hike. 20% chance that we've seen 24%. Chance that we've seen three in a 1% chance that we've seen for 33% chance that we haven't moved. I'll sit next meeting is and September 221. We're not gonna have new housing data and the we will have jobs. We just got housing data showing house inflation it. You know three to 5%. Year over year. But he added jobs report let's see you get a blockbuster jobs report next Friday the Friday before Labor Day it would not be appropriate. You get a jobs created number with a three in front. You get that and I think the other big one and I'm looking at his via the second revision to its second estimate rather GDP is coming in this Friday in that number gets revised up. And is expected to lose and the expectation that you may see a slight revision up so if you do see revision up there and you get a bang out jobs number. I think he got to go. Amber your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets and our friends at the insurer match agency. Can prepare a personalized plan he gets you the best coverage at the best price call insurer match at 84499. Match that's 844. 99 match. Many of our listeners own home in one or two cars if that describes you you 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 that preferred customers like you can qualify for. Call insure a match to compare multiple rates and carriers. At 8449. B nine match that 8449. Plymouth rock and more. Their license for all types of insurance and they can save you time stress and money with just one phone call in one relationship. Call today 84499. Match or go online and insure a match dot com. Hoover is now the most popular taxi application in a 108. Country I had no idea that they had this type of global penetration. It's yeah 108 countries that they are the the number one company in here. And really I think this yet we talked with yesterday we're talking about lift potentially exploring. A sale yes. It this this tells you why. Is it because having difficulty competing there once did you ever eaten by over you know mover is over has gotten to the point where. In a business that used to have very minimal barriers to entry. They have become the bear. It's becoming. Almost like a brand memory like he used to say wanted to make Xerox of this. Yeah post a photo copier gimme this gimme Kleenex that you know like Google this Google in I mean it's that's what it has become. It and. And that does make it difficult for left I would think though. That liberal would almost want lift to survive because wouldn't they be faced with antitrust issues. I wonder if they may have been out on the antitrust side of things simply because they classified there technology will know what I was thinking because they classify their workers as independent contractors and missing what these people aren't even working force how can we have. A monopoly would I would still love to see. Is I still would love to see drivers who were able to and to reveal their own price and terms of what they're willing to drive for. Just because at that again I think then you really are just providing a marketplace for everyone to compete. And I think you know it also allows drivers if they want hey. As the drivers aren't all referral. But you need drivers from what I can gather not talk to whenever I'm in a car and I'm fascinated by this industries like talk to the drivers and I say. And it's not as good as he used to. Well and if if if I'm over I'm saying look maybe I can even do that in open up new revenue streams because that'll set my drivers can advertise hey here's the car driving here's my price or hey here's the hours I'm gonna be driving you know right submit for. I like the idea of you almost allow people to build these little businesses there need you can take some of the revenue from advertising and say like there's a lot you can do. And I I just I obviously that's a layer of complexity which is why I don't think they do it but I think we'll be instincts well we just to put it in perspective. Bloomberg is installed on 21%. Of all android phones in the country lift is only on 3%. Who gives united an idea about what he's seen it yet they carry a 5% I would encourage you to try left. Especially when you're going during those peak hours you may find that you do better bury me licensed who are dry at all how would I work. Competition again I can't go in dry absolutely not you're driven anyone know I've after I've been a license super driver for three months I've driven no because he's too lazy to queen's car its troop is that true yeah. I've got golf clubs in the back you never know when you're gonna play I don't wanna get those that would if someone has bags that need to put an. Now. UConn. Is gonna have an Amazon pick up location. Starting today this is really I think it's genius move it's brilliant for Amazon. I don't think it's very good if you're the college bookstore know what that would they're gonna kill that'd put the college bookstore and of this. So what they're doing is other putting in this storefront here it's called Amazon at stores. And it allows students as well residents in the area to pick up and return purchase is just by walking in there and I think you look at the hours of operation I think you compared to a college bookstore genius 9 AM to 8 PM during the week noon to 8 PM on weekends. Which is much more than you is that more than you'd get out of college bookstore. Yeah I think the bookstore at colleges were close like six or five missile from a finger in the bureaus open when parrots are pricey parents legally advice lecture. Some crap the other things cool about this because it's such it's gonna be you know get a fairly decent sized location here. Any Amazon prime student or prime members they get free one they pick ups are not even talking two day shipping now it's next day for anything you wanna pick up. But get that that's. I mean that's a good incentive right there to become a. Primed them well you and you wonder you know like Amazon. Can send a person into the college bookstore. In just price everything right and then just knock it down on all around AD in the in and I think the kids and or maybe a wrong but I think the kids would prefer to shop at Amazon. And get exactly what they want as opposed to what might or might not be available in the college bookstore. But let me tell you something about Amazon okay just while we're on the topic then I am registering for my wedding times. Effort that I've I we figure this out so my fiance and I we're outlast it was either Friday or Saturday night we or grab a drink it was you know usual to. It was it was like 8 o'clock or something like that. And I had my phone out and you know we're just talking issues one lead order book and do you mind just you know ordering the book from Amazon so much external problem. And I I just kinda had this ponchos I gonna see if they can do registries. All of a sudden we're sitting at the bar and keep in mind we've also had a couple drinks at this point mine were just slamming the buttons adding this adding that like to put a car on the I literally were sitting there at a bar adding stuff to our registry and it was that. Easy no dammit my friend I just had a baby shower it was not done through m.s on its it was easy for me to get a gift it's absolutely beautiful. And you do an attacker. About it now. He's a good idea go to this isn't a mostly like you get registered at crate and barrel that you're right I wanted to get what I blame Sonoma pardon that whenever. Stuff like that I wanted to register Guitar Center but they didn't have a a registered program. Up next we will be joining if you ever notice that anytime he talked to a realtor they tell you this is a great time to invest in rural state right they also the same thing. Indeed 20/20 four sevenths that's a great time to buy roast. Well up next Geoff Reeves from marketwatch.com. Is gonna tell us why this is the best time in history to invest in rural state that's our next topic from our insurer match dot com studios. The election 2016 member will have an impact on the economy find out how right here in the financial exchange on the financial exchange rates work. For you movie fans out there Eddie Murphy Indian act right made millions trading commodities during their famous partnership in trading places with the right information and guidance YouTube may find success in investing in certain types of commodities hi this is very Armstrong and whether your portfolio includes commodities or not you need to call me right now at 803934001. Thing I get my free guide on investing in commodities learn about the many benefits that may exist by investing in products such as oil gas or gold when you call ask about our free review of your current portfolio call today 803934001. That's 803934001. Securities are for through securities America incorporated member of the SIPC advisory services offered for securities America companies incorporated Armstrong advisory group in the securities America companies are not affiliated investing in commodities is often through futures trading where the risk of loss in these contracts can be substantial you when your advisor should carefully consider whether such trading suitable for your financial situation. Each week on the legal exchange let's dip they Joan how to reduce your state Texas how to avoid probate and how to keep your assets in your blood line. That's great but what about the family behind your estate plan what happens to your money if you get sick and going to a nursing home. The answer is that we spend down in a hurry in to the tune of 151000 dollars per month and 180000. Dollars per year hello when your money last if you went into a nursing home. When your spouse have enough to live on if you do nothing to protect your assets the Medicaid rules change almost every year and the elder law experts at Cushing Dolan have updated all of the pertinent facts and figures in their toll sixteen Medicaid guide call now for your free copy at 8668485699. You can also download it by logging onto our website and legal exchange showed dot com Cushing doling them and helping families protect their assets for more than thirty years let them help your family. 8668485699. That's 8668485699. Or visit legal exchange showed dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure -- match agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's say 4499. Match many of our listeners don't know home and one or two cars if that describes zero you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more. Their license for all types of insurance you can save you time stress the money with just one phone call and one relationship. Called today 84499. Match or go online and ensure a match dot com. It's not too late to get a great raid on a whole mortgage leader banks 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 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and the lowest 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 their 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 process and teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Minarets Jesse equal housing lender and Ellis number 449250. Subject to credit approval leader bank a step ahead. Security securities America member PC. Or our secure American advisors. Are represented on target are three group in the securities America companies. How web series saw. Check out financial exchange showed doesn't come you can take part in our daily poll question and you'll find a daily recap of the markets activity visit us today and financial exchange showed Don come. Abraham Lincoln first belong to the Whig Party the party was dissolved in the mid 1850s. As a result of factional differences. Lincoln was the Republican party's second presidential nominee when the election of 1860. Took place. Joan from Needham was the first person with the correct answers she takes away 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 fried clams terrific onion rings. And more call 50 wait. 2552575. Or. Visit them online at Arnold's restaurant dot com for more information. Jeffrey sounds like real estate agent when he says this is the best time in history to invest in real state he joins us now on the financial exchange I don't Jeff. Good so how do we know that this is in fact a healthy market and not a bubble another real stable. Well look I think first it will fail we read that in a bit one of the big streak that he should. Consider nothing else that is just because of the integration barriers and to her lower than ever before but I do think it's a very healthy market. I mean there's a total budget can look at. And not just you know median prices back that pre recession ties of tactic to chiller or other other price indicators continue to move hire but let's remember too that when you look at the national prices on average there actually is still pain and but it does put it in Italy were a little bit overblown before the crisis the isn't like Las Vegas or outside Orlando Florida a lot of the local market. Have not actually. Rea Cain to the peak valuation they have the force so when he nationwide level. Are new I even when they get the bill you know python captured 16%. Below what it was at the peak I think that's because a lot of the health. How the markets generally again you know it is relocated all local you need be it looks specifically mark to market but generally speaking I think we're a very healthy environment. For real state partly because our economy is better but also because I think regulation and has improved there's just not as much lending going on as there used to be and and borrow or and little more qualified. Jeff is there any indication that first time homebuyers are coming. Yeah I mean. But the funny thing is again a real estate is local bet that challenge the right now is because there are stagnant wages and because appreciation happens so much. There there are barriers. Entry for first time home buyers. In a lot of markets like hot dog Washington DC I know your view. I'll part is that thing played her first time home buyer it it kind of tightly until it is in fact the market is still quarter of course helping that if it's not exactly conducive disarmed first time homebuyers because of that not all day. You know supply I haven't tapped out builders haven't built as many homes as part of that was the spending a little gun shy. I'm so hopefully the supply situation will resolve. On the front pitcher right actually the first time home buyers that it's not exactly easy out there. No it's tough but unless you're willing to commute further how far outside of Washington. 400000 dollars. Kyle Boller wat if it if you won 300000 are out your docket usually an hour commute. You know and and that's. That's true most places where there is you know a lot of economic activity we're not bad that took out. But you know. Demand electorate that demand has outstrips supply particularly in regions like EP were sent to go to another that an example where geography and how built out you are. They're just sit and a lot of of undeveloped land for realtors economy and by a parcel and put a new home on it. I'm Rick we basically are we aren't that someone decides they want to bulk. Coupled I write the downtown that cut picks coming at them and offer more details but again it doesn't really help first time homebuyers in the verbs about a a good school districts. But I lending yeah what about lending standards Jeff I've seen Wells Fargo breed pretty aggressive even get FHA loans of three and a half percent down. And it seems like there's money available but then I've talked to realtors and they'll say well it will have a tough time gaining financing for a lot of our clients. Yeah actually you know the bears would say though what they're actually has been an uptick in the alt a loans on that we can't just thought during the financial crisis that there's a point that it kind of a bubble. On you know back to my earlier power in addition I think it is me is decreasing areas of the country not just hurt for homebuyers who you want out but there was the Stanley and definitely don't but also for investors looking for rental property there has been a lot more innovation on the lending side. Particularly for investment properties where people are seeing it at did not and in status. Based on income right in your Omaha on on the you have extra income. Somebody giving a lecture by technical but it you have a retro lined up there actually are specific. A rental income loans that they have now alt a loans has started to come back a little bit in part because I think what what we discussed about first time homebuyers. It's. Perhaps not easy for them to get financing. So I would caution people for thinking it just financial engineering happened because Goldman Sachs and they can billion dollars and scrupulously. Sometimes the lending market doesn't move and adapt and I think it some of the subsequent scene in those alternate loans. It it is a response to what you what you called you know kind of a tighter market. Her firms for borrowers out there you know I'm not conduct a more like too much open mobile summit financial innovation is good bad right resistor reality that the market evolves and adapts. God Jeff thank you very much for your time we appreciate it. What do you think chalky do you think that this let market has legs. And your generation is. Well behind previous generations in terms of homeownership. They detailed to market I think the odd entry level home still was like just because there are so many people who want to get into them that they're gonna continue to push prices up. I think the upper end homes you're seeing some softening in some places and that is something that is a little bit concerned especially the big mansions because nobody wanted to know was once you know yeah no one wants these things at 56000 square feet. Got a lot of money in a big family people are having lots of kids and they'll they're not so I tell people I've got five kids and they looked at me like I'm nuts that probably. Well we've all got to things here. Oil is down with their own gosh three and a half percent 3% buck and a half. Dow is off 49 points you've been listening to the financial exchange with. Chuck is not a talker Silva and very Armstrong from our insurer match. Dot com