Sep 14, 2016|
Full Show 9-14-16 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 chokes. You're exclusive look at business and financial news affecting your date your sleep 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. Eight years ago. We were in the midst of the financial crisis unlike anything we have seen since the 1930s. And frankly in 1929 there. Hi everybody is very Armstrong and trucks not with you here on Wednesday where we are examining. The state of our market and economy. During the last eight years that we're doing as a matter fact we saw a report leaked released yesterday is unfortunately released after the show had concluded. And it stated China the US household incomes surged five point 2% in 2015. It's the first team that we've seen since 2000. Yeah it is and this this does not adjust for inflation OK so when you factor that in the real gain is actually probably somewhere. Around 3% when it's all said and done much that is is really. Eight a big move in one year and I think also speaks to kind of what we have seen in general with the tightening labor market that has less people out of work right less qualified people out of work. Okay and the other thing that I think that is important. When you look at that this report coming out the Census Bureau. Is that the gains. World largely more evenly distributed than we've seen in recent years are you seeing a lot more growth at the bottom end of the wage spectrum. Which is where he is where where you want me because if you if if somebody who's making. 40000 dollars a year goes from 40000 to 43000 dollars in the course of the year. They're gonna spend that extra 3000 dollars a year that money gets immediately ended the economy. If somebody goes from making 250000. Dollars a year to making 260000. Dollars a year they may end of deceiving that extra 101000. Earnings exactly so you did see the gains much more evenly distributed here in particular other things that you saw. Big big down tick in the number of Americans living in poverty no okay by about 1% going from about fourteen half percent of the population down to around thirteen and half today that's still too high obviously don't want anyone. Living in that. In that type situations so I think those types of trends are positive also continuing to see. The earnings between men and women. Narrowing the gap there has narrowed to women are now earning on average about 79 point 6% of what men make any given year so you continuing to see some strong signs in the last year here the question is is it enough. You know and I think that's where a lot of people know it's never still sit there and and they say look you know yeah I had you know a decent year this year. But the last five or six were pretty crap before that it really get. Me anyway now the you know what something it. We we should point out is that. These income gains that we've seen. Which was another good thing that was seen as it cuts across all races is is not like Asian people are making have been better optics than white people are white people are doing better than black people. Who are doing better than Hispanic it doesn't matter. It's across all races. But where it doesn't guy. Would go is if you're in the rural areas or in the small towns yes you're not seen the same wage growth know it and that's. Tells you why people have been flocking to the big cities. Well and and and let's also talk about that in terms the context of what we are seeing in general in this country you look at where Donald Trump has gotten a lot of support from collateral sport there is you kind of have this two separate Americas at this point that has developed with rural communities feeling like they are left out they are in the data that. It shows that they are left out I mean it's now. It's very clear here you understand why look. And in. I am guilty of this too we live in the near cities. And you don't often see that there's an awful lot of people that are left out simply by virtue of being more than forty or fifty miles away from those major cities. Go out to western Massachusetts go up into northern New Hampshire go. Northern Maine I mean you look at those are still areas that are economically depressed yeah IBM's hiring 700 engineers in the city of Cambridge. But that doesn't really help and doesn't really do much for Springfield. Yep one question that we get from 617 if we got this big raises and nationwide GNP not going up as much. Reason for that is businesses have not been investing as much that's the big thing it's UF consumer spending that has been occurring. At a higher rate but businesses. Have not been investing that's the real reason why you're not seeing GNP or GDP which is the statistic use today. That's why you're not seeing that moving up at the same rights over. Consumers have still been moving through and consumers have actually been spending more this year it's just that business is in particular energy and mining and manufacturing. Have pulled back on spending. And that's a drag on the economy right. You know I've I started off the show talking about where we were the years ago and our whole question of the day. Is related to that very topic talkers Silva. What's our poll question and how to our listeners participant our listeners can participate by going to financial exchange showed dark column in answering the following question yes or no. Are you financially better off today than you were eight years ago and so far it's overwhelmingly yes with 90%. 90%. Of our listeners so far so far saying that they're better off than they were eight years to correct. Well you know what that makes sense eight years ago the wheels were coming off I remember like it was yesterday. In October of 2008. Chuck I think I did something like forty television appearances federal emergency television appearances in one month. Yet I I was looking at the dates actually this morning you've was eight years ago on this Friday was when the reserve primary from the money market fund broke the buck went under one dollar a share. And then it really was the next month is how everything just spiraled the biggest. Did the biggest decline being on September 29 of 2008 when the Dow lost about 7% 774. Points. That was really that today what would have to happen for the down 7%. So for the doubt to lose 7% today okay V over a thousand points. 12160 points. In a single day that's that's the equivalent of what you saw on September 20 seconds. Rather I'm sorry on September 29 of 2008 that was also the date that Citigroup acquired Wachovia okay. Just before that on September 18 was one Bank of America had bought Merrill Lynch. Number mock what Kobe it was a big pain you went away in Washington Mutual went away Bear Stearns went away Merrill Lynch what do I mean. These are companies that all collapse that's what happens when you've financial bubble. Yep and that's that's you know people always often asked you know are are we potentially heading back into that type of situation. And I typically tell them no because the financial system isn't what is stressed at this point you don't have the banks that borrow you don't have banks that are similarly stressed because you've had additional regulation and so you know there's a difference between a downturn caused by financial instability in the system and one that just caused by look. Business just isn't doing well today. The polls are tightening up the you can participate in our poll question by going to the financial exchange showed dot com. 83%. Of you now save your better off than you were eight years ago 16%. Saying no worse off. That I work was eight years in which is Tibet a Tibet for. Samsung rushes to contain the fallout from the galaxy note 70 boy recall. I'll tell you what. I think I saw that this company has lost ten billion dollars in market capitalization. The galaxy note seven by all accounts he can ask our next guest guest Geoffrey Fowler. I think Jeffrey would tell you besides the fact that it explodes catches fire. It was a better phone than the Apple iPhone was. Is I think the the operative word at this point what they've done and what that what you're discounting him because the explosion thing well it off at the thought of that boy thing what a tough judge he has it depends if that's your thing I mean look if you're the kind of guy who likes fire and enjoys that type thing look by all means go on you you can probably get for pennies on the dollar right now but which Samsung is done in order to fix this. Is they've put in a software fix that prevents the battery from charging to more than 60% which is a real inconvenience is think about that you can use that phone. By nobody the here's the thing that I would I am I'm glad they're doing it I mean it's better than having the darn things explode but. Here's the big problem they have. We been talking about this for we can. That you still don't if you have one of these phones right. And you go to the story and you say well. I wanna give it back don't they don't give you another phone they don't have the hardware ready to go force so what do you do I I it begs the question like. I I don't know about you but I. I would not live for three weeks without myself all I have to have myself this is the kind of move that is gonna set Samsung back by three to five years is that exists that a Volkswagen type moment for Samsung I think it's bigger because people are more able more likely to trade in a phone in the car. Good point and it is so it's an easier trade it's easy and trade and it's also more difficult to go back isn't because the so let's use a while I've given up now you may go to another Droid but. If you say well I'm given up on my idea my stance on an ongoing apple you're probably not gonna go back. You might not the other thing is as you mentioned. You don't even need to necessarily go to apple he could just go to another android based phone I mean there are other options that are out there so the big east to Michael back cents. You could. You could but you know this is the kind of thing where you know you're you're having people and we we again I think it was on Friday when we had the guy who was texting and saying look I was trying to get on a plane and they wouldn't let me on with this phone so like when bought an iPhone and he went apple and I'll. Bet two dollars to donuts he doesn't go back. But the pens a much credit doughnuts and have you tried the the new apple IOS Tanya have you downloaded at I don't know and I have a what what do you think Tucker it's a little bit of an adjustment. It's. Yes I'd say it's definitely an adjustment I think the whole Imus stings a little goofy enough childish but I got a warm up too little little bit I mean this couple cool features it's definitely worth the upgrade them. Is it yes I'll I'll get to it. Speaking of phones there's nobody that knows more about technology in Geoffrey Fowler trucks not a he's going to interrogate. Geoffrey Fowler about the iPhone seven that is our next topic from our insurer match dot com studios. How all the upcoming election affect your finances and your business but no right here it's the financial exchange on the financial exchange radio network. Where you go. You going to. It was an. It's June. At our notes there are three kinds of bonds around bar with oysters plants and sure and I'll follow the a standby. Adjacent to the amazing mini golf course three bars no waiting well. Maybe a little waiting but worth it Arnold's 106 city stands. There you go yeah. Today the senior citizen has a one in three chance of spending time in a nursing home is your plan to give your home another acid steer kids in order to protect them from the cost of long term care. Do you feel about asking your kids permission to sell your home or spend your money. How'd it feel to lose those assets to your kids divorce or other creditors there's a better way to keep control while protecting your home. Call the office of Cushing in Dolan right now to request their brand new guide like the states vs a reputable trust they'll teach you gotta protect your primary residence your rental properties and even your vacation property this guy will also show you how to avoid probate keep your money your bloodline and potentially eliminate estate taxes co lead 668485699. Or download the guide for free by logging into legal exchange showed dot com Cushing in Dolan has been helping families like cures for the past thirty years called to see if they can help yours 8668485699. That's 8668485699. Or visit us online and legal exchange showed dot com. Hi everybody Barry or strike here from the financial exchange and I'm joined by Jay who was senior vice president at liter bank. Leader bank does tremendous amount of mortgage loans as a matter fact I've used them a couple times to refinance properties in the past. Jake how's the mortgage does 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 so we've a lot of folks who are refinancing their homes either get a better rate or or some cash out because of properties preach that's risen asked how does somebody know where they should call to refine. Well you know. Dude there's really 22 ways if they feel that the rate can be improved. Give mystery ams and you know thirty year fixed racer all time lows. If you have anything in there in the 4% range frankly give us in my view he's something. Or if you need to take some cash and of your property wondered for a college tuition for kids aren't you guys have home equity lines of credit we have home equity lines of credit as well and the cool thing about that is. If you already had a green reader and 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 a lot of sense and you've got fifteen year fixed rate mortgages by your adjustable rate were all types and hopefully we we have all types of that in addition to that were actually very active Jumbo and yourself. And properties have really appreciated in the markets in Massachusetts. And higher demand for Jumbo loans that we do a lot of that so last year Berry we are actually not the number two hole perch Englander Massachusetts. It for you congratulations. Folks that digitally from leader bank they can be your mortgage bank call them toll free 8776917900. You can check out all their rates on line at leader bank dot com. Or you'll talk to human being. In my called it loan officers standing by right now 8776917900. That all free. 8776917900. Security securities America member in PC. Or operative securities America advisors. Are represented our target recruit in the securities America companies. Check out the only financial exchange showed dot com take part in our daily poll question and stay on top of the latest stock market trends it's all in one place financial exchange showed Doug come. I have not tried out the new iPhone. Seven but Geoffrey Fowler has been now he joins chuck saga to give that a review he has indeed trying to do my phone seven as well as perhaps the the seven. Plus. Deborah thank you. For joining us today. You better in my view on that aren't you talking I was on the seven what sounds good I'll tell you that much so at least we know that the the voice works pretty well. If they finally conquered out that's good to hear us what which model was it that they had the trouble with was that on the three that they had problems with the voice I can't remember. It was the board has been defamed and and negate. That's controversy. In which at Steve Jobs told the world that we were just open the phone wrong. Maybe we work maybe we were Jeffrey what's your what's your take I guess kind of just from a top down level when you look at the I phone seven. What does it do that is significantly different or better. From previous models. There puncher on if your listeners and out are the bad news about it and the really the bad news is they typical ways that head phone Jack that we. We've grown accustomed to using government years. But it couldn't. That I found actor and tested it for the last week is that they replaced that space inside the vote. With battery. And some other things that we really do want on our phones. And those things all add up to I think it's actually pretty decent upgrade for. For anybody who's especially coming from an older I. Now I'm not gonna say that this is like the best phone out there that many comprise it didn't matter you have called it that the best Smartphone of sweet sixteen. And apple but it should have put it out. Samsung hasn't and some other way to move to head into the technology this is a solid upgrade. 44 icons. In terms of the battery life having own the phone our being able to tested for the last couple weeks what have you seen in terms of battery life improvements how much better exit than the previous model. Sure world away I tests. Batteries for the journal on the buy. Under that put the spirit of a really rigorous stress test or that they're right there on the screen that level about it stand on the bone. And I make them cycle dual booting up a bunch what it is simple lack side. And in that test adverse there's a fresh out of about on that. The seven lasted about an hour and a half longer that means in everyday real world like the public it at least two hours more life. And and but it really means for most of last is that you previously had trouble. Getting through that Dave was and I currently are on iPhone and you'll be less likely to have trouble with that now. I think that's the biggest potential improvement here you know that they had batteries so much on the bones. And so the battery it better on it is just going to be a source of anxiety for a. What a lot of buzz coming out about the about the new camera. That is on I don't know if it's on both the seven and the seven plus but can you talk a little bit about any testing you may have done on that side. Yet that that's another thing they were able to improve again with just spaced the game the other side not had contact in the air. Instead both cameras happening at both bottle of new cameras. And they both have something called optical image stabilization and now which means that he would sort of compensate steer handshake little engagement photo. And they also have a sensor and you went. Which means that we take photos that night they're just gonna come out much better as a bit samples on the journal's website has my back importantly. It is different. Model and they'd be doing something. Extra for that that got a second went on it. That kind of resume live yet though it had to act in mind that you can use that to to close their two year subject to secure without losing quality. And then this year and the ability just on that model to create a kind of a suspect they're using the distance between those. To lend to calculate how our way things are like that look more professional photograph you're only gonna get that on the. Now let's talk about the the big shift obviously being that move away from the headphone Jack to the lightning connector. I'm curious not only how you know obviously it's a little bit different just in terms of where you plug in your headphones but how was it affected how you use the phone one thing that people brought up was. What you can't charge your phone and listen to music on headphones at the same time right now. I know who did that to begin with but. What have you noticed from just a functionality perspective about how that's changed things. Sure yeah I mean I think apple really screwed up in communicating about this change. And didn't everybody think that. You know that that you weren't going to be able to use a console war and elect that the but here here's the tax the box still comes with courted and found it in your pocket where my Hewitt. And now instead of talking to a headphone Jack. The one that I'm in the box on into the lightning work. So I used bed what you buy another adapter unit charged with and listen to music with those and act on. Anymore. You have older cell phones we invested in Ireland has their boat or something else. You can use those in the box also comes with a little adapter that lets you. But it that the technically at post trying to exit people toward Bluetooth wireless at. And down stayed meeting you kind of add on called air. I would sit and try as well and kind of a pre really expert I've urgently and installed in October and I got to stay like. The experience that we can count. With wireless that don't adjust a lot better let me think of their artwork taken out of the little container that charges them but despite Avaya. As Avaya. They're it will. Lost. He chickened out and immediately connects to whatever you're never around apple devices caused by putting your ears and just play into playing music. Take 11 out of your net positive. That note he took it out of here to put it back in there and start up again. I'm the biggest problem with these are great that they're so small that they are gonna lose. A 160 dollars to put your dad is that is a much Ewing stand for something slightly. Or Google Jeffrey thank you very much for joining us they were really appreciated. You bet. Geoffrey Fowler from the Wall Street Journal. You're expecting your iPhone seven. A couple weeks now hopefully and ordered yet you still haven't ordered an do we know is that guy talked and got on the phone from apple. He said try going on the web site on Friday or Saturday. And you might be of the find a story that has won and stock as opposed to if he told me if I ordered if I did the pre order I was going to be waiting till at least the middle of October. Those two long. So I'm rolling the dice. I'm holding out till next year I'll wait ten year anniversary they're gonna do something big it'll extraordinary it's it's going to be I mean like Steve Jobs gonna come out your phone. And he's actually going to be alive general I want that by the way while you guys were talking return relax. Apple Stock is now up three dollars and 43 cents today so you know we're sitting here and we're debating. The value of this phone whether or not it's any good or not get in the past what you saw was when the new folds came out. The stock ran up in up to the date that came out but that McCain if they've pulled back. This is doing I think a different type of behavior the stock is rallying even though the bonus come out so. The reviews have been mixed on Jeffrey just give us a very positive review on the iPhone yeah I haven't but I think they're benefiting I think a lot of this rally in the price is Sampson. And I think you know keep in mind that people were projecting. Pretty mediocre sales for the eyes on seven and so all you have to do in order to come out on top there. Is just be pretty good you don't need to be great you just need to be good. Trivia comes up next. Trucks not a talker Silva very Armstrong we've got trivia for you next from our insurer match dot com Steve. 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Or downloaded for free on our web -- financial exchange showed dot com to. He's -- -- securities America incorporated numbers and SIPC advisory services offered through securities America advisors incorporated Armstrong advisory group in the securities America companies are not affiliated please consult with your qualified tax expert pre tax related concerns today the senior citizen has a one in three chance of spending time and a nursing home is your plan to give your home another acid steer kids in order to protect them from a cost of long term care do you feel about asking your kids permission to sell your home or spend your own money out of field to lose those assets to your kids divorce or other creditors there's a better way to keep control while protecting your home. Call the office of Cushing in Dolan right now to request their brand new guide like the dates vs a reputable trust they'll teach you gotta protect your primary residence your rental properties and even your vacation property this guy will also show you how to avoid probate keep your money in your bloodline and potentially eliminate estate taxes co lead 668485699. Or download the guide for free by logging into legal exchange showed dot com Cushing in Dolan has been helping families like cures for the past thirty years called to see if they can help yours 8668485699. That's 8668485699. Or visit us online at legal exchange showed dot com. If you're looking for a great deal on a new counter program you should check out the zoo where awards program leader bank is now offering is checking account along with the companion savings account and as long as you qualify you'll receive free benefit. 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The latest financial trends is we'll place it's the financial exchange we've Barry Armstrong and chuck saga on the financial exchange radio network. Trivia brought to you by Arnold's lobster and clam bar located on US route six in east ham Massachusetts. Arnold has a great raw bar lobster roll fried clams and terrific onion rings in there and leads Jeff Susie has won the Cape Cod stuffed claim contest. For the second year wrote called 5082552575. Or visit them on line in Arnold's restaurant. Dot com. Our trivia question is related to screenwriter. And director Oliver Stone he's born seventy years ago this week will doing trivia about a few of his films. All averse to home. Wrote the screenplay. For weeks 1983. Film starring. Alpa chino this was a great movie 68680. Is our text number first lift listener with the correct answer will win a fifty dollar gift certificate to Arnold. Screenwriter Kurt or Oliver Stone. In the military don't give the audience to hear Oliver Stone wrote the screenplay. For which 1983. Film starring. Al Katrina and again our text number is 68680. A tape you ought to take a leader an example on that leadership. I think Wells Fargo CEO John stopped takes the cake and his guy. I think made a fatal mistake yesterday that cost him his job. Yet the other CEO saying and I quote there was no incentive to do bad things pretty much his line. I have to imagine he's line. He might not have known about it is I don't think he got into the weeds men's in this but I do think that people fairly senior in Wells Fargo had to know in order to see 5000 employees. Guilty of doing this like you don't fire you don't have something that 5000 employees are doing if there is no problem. And when you have a problem right you would you do EE stepped forward and you say you know what. We we did some things that lowering correct we we ended up having to fire 5000 employees we fired 200 executives or whatever it is you did. But ultimately the blame lies with me I was in charge I was responsible. I I'm gonna fall on the sword he didn't do that you know what he does he comes out says. While this this was in in our employees just didn't reach into senior management and to that I say you know what you're full of these employees were consented they were checked on several times per day. Per day to see how many new accounts it. Right so the way that I look at it it's one of two things either eight. You wore incentivizing employees to go and do this behavior or B you didn't have proper internal controls so he couldn't figure out what was going on neither one of those looks good. Well either way you're probably right knee but either way you're sitting there saying. Okay this should like either way you did something wrong as a company. Well now what you've done right is you've ticked off the 5000 employees fired there are adding that. Maybe they already felt like they'd been betrayed because they know. Did they were being pushed to. Do these illegal act that you forget 5000 potential whistle blower said well you you've got more Nat because the other 270000. Employees that he has are saying geez. This is the kind of guy worked for right and yet to dry and you know what they're doing their pad their files right now. There their they're looking for all their internal documentation. To protect themselves so now you're gonna have not only the 5000 employees fired during the last five years. The year gonna have 270005. Employees that are gonna start leaking things to regulators they're gonna go to the different regulators and I can just see this is going to be lined up. That you're gonna have secretaries of state and attorney generals across the country times fifty. Looking into Wells Fargo any state in which Wells Fargo does business they're gonna do. And an interrogation why is it's easy money they they can extort money at a Wells Fargo right now so you can Boettcher. Bottom dollar that the story for Wells Fargo is not over John stump I. A goal. This park track and I and I usually won't do this I don't think he survives this I think this the blow back from this event. Will end up costing John stump his job and it's it's it's CEO of worlds far. I won't go that far but I will agree with you and saying this is no nowhere near over they IA he just made terrible terrible mistake leader bank. By the way different bank the local community bank. They're the only bank in all of New England where you can buy gold. In the individual branches attorney walk in any branch if you remember what did you learn yesterday oddly Gilbert from Elliott wave woody tell you. He's going to be a rally in gold prices it's a little bit depressed right now he told you that gold prices were depressed between now and the end of the year. The debt obvious Gilbert thinks there will be significant rally for the price of gold beginning in December Heidi heads that you buy gold in. What you can do as you walk in any leader bank branch and buy precious metals gold silver. Platinum Lou it would everyone if you wanna learn more about the leader bank precious metal program. Call them couple free 8776917900. That's porphyry. 8776917900. Now they're website gonna learn Nike don't know specifically. Pricing or what they have for sale in terms leans in and gold bars and whatnot. He go to leader bank dot com. But their web the the best thing to do is call and talk to human being 8776917. B 900 is the phone number to dial. I'll tell you what North Carolina to get out of their own way the Atlantic Coast Conference which really when you think about the ACC do you think North Carolina. You UNC. You know it and say stay Wake Forest and and get for the prime members in the in the conference sitting there and it's always been. About north always has been ACC is always been a basketball conference as much as they want to watch try to make it into a football conference and what they are finding here. With the ACC is saying is look we're going to you know start considering Paul important games out of North Carolina because of the HP to bill and it's not really huge factor for basketball for the next couple years just because it's going the ACC tournament is going to be up in Washington DC. But in 20182019. Or rather I'm sorry it's twenty point 919 and 20/20. You're potentially back down to Charlotte and. The the thing that happens EE like even if they change the the law in North Carolina that lets say you do a lot change in January. Loose tournaments may have already been rescheduled and are going to be in North Carolina yes and you're affecting a lot you're you're affecting your local business owners with the law. Yes some of the smaller ones that you know you talk about if there's a field hockey tournament arrow across tournament or something like that. You know you can see those moved even before then so it's it's it's it's really having an impact on business in north Carolina at this point. Buyer has closed that deal by the way with Monsanto would they end up paying for so they are going to be paying a 128. Dollars per share for Monsanto. And what's interest. This Monsanto stock is not move. I don't I don't understand us. What's it today so that must mean that the market and in correct me if armor on your truck but the market is saying the deal won't happen because a regulatory issues. Something like that month I raise that question and I agree we months ago I raised tennis and I'm not sure. Then the US government will allow you to go down it could be from a regulatory perspective what's it to still trading below 170 dollars share and with the prices they went sixteen went twenty. That deals happen. That's of the market style and that's and that's what it looked as it is it trading halted. And try to take the world notices live as of the this is live. Now they I don't get it's him Logan the wrong thing. Well we will we'll check on it again would be the if there's that much it's it's kind of like the the health insurance Mary had those two big health insurance company mergers yet they were announced last year yup they're both fallen apart as we speak. It we win if the merger was really gonna happen the stock price would be rallying like crazy now because it's early trading market solely been open while. Because it's early trading that trading could have been halted and that may be why you're having difficulty getting an actor quote Goodman so it's either halted. War is not gonna happen that that's my interpretation. But it's a 66 billion dollar deal where buyer would be buying. Months into either reviews by the way on and Chevy's volt have been outstanding. It just outstanding and I ask you guys to do me favor. I'll pay you each twenty dollars to test drive the electric car don't do this weekend aka twenty bucks you gotta go test drive. An electric car with what you wait until he can test drivable. You are eligible yet wait wait for the ball not pay you twenty dollars to go. Test drive it take a picture of yourself in front of the the electric currently tester. But only a test drive and give me an unbiased for because both of you been dumping on me for driving an electric car will this look at I've got broad shoulders and I'm OK with. But I'm telling I want you to have the experience will they let me tester I don't know I eat in May not I mean usually people take one look at me and pull all their valuable anyway named baby you may walk into a dealership in the states or mr. Donovan if you confined. A Chevy dealership is willing to eat because they say the technology. Is unbelievable. It's 567000. After year rebates. But today you know no maintenance costs are as an electric motor I can do is rotate the tires yet every now and again. A drone just just tried and they say it from a technology standpoint thing goes 240 miles on charge and buying one though. Not a violent up by well not there yet just got a car couple years ago apple now otherwise you would. Otherwise I would be a slam dunk you know they electric shock is what the problem solved the problems once you drive an electric car. You never want to go back to a gas card and after recruitment that's Prius. Went back that doesn't count that as a flight isn't a is it it's a victorious it's not really an electric current. It's got a gas engines and this is a pure electric car. And drive when you try one I'm telling you you're gonna I just want the twenty dollars you at the twenty bucks an update what you may get a credit losses yes. Fantastic pitcher Carl fifth. Pay up next we're gonna be joined by our good friend Damien Conover or Morningstar looks like we have to stocks. They Damien will share rose will also give you the answer to our trivia contest. That's next from our insurer match dot com studios. He doesn't really tuck but Berrian chuck do you've got the financial exchange on the financial exchange radio network today the senior citizen has a one in three chance of spending time in a nursing home is your plan to give your home another acid steer kids in order to protect them from a cost of long term care do you feel about asking your kids permission to sell your home or spend your money. How'd it feel to lose those assets to your kids divorce or other creditors there's a better way to keep control while protecting your home. Call the office of Cushing in Dolan right now to request their brand new guide life estates vs a reputable trust they'll teach you gotta protect your primary residence your rental properties and even your vacation property this guy will also show you how to avoid probate keep your money in your blood lowing him potentially eliminate estate taxes co lead 668485699. Or download the guide for free by logging -- to legal exchange showed dot com Cushing in Dolan has been helping families like yours for the past thirty years old to see if they can help yours 8668485699. That's 8668485699. Or visit us online at legal exchange showed dot com. There are strong here did you know that there are legal restrictions as to who you can name as the beneficiary of your retirement account it's true federal law requires that you're surviving spouse has to be the beneficiary of an employer sponsored retirement plan did you know that upon death your diary can be taxed four times all Irish are taxed at state and federal income tax rates but they're also taxed like federal and state death taxes that can mean that as little as 20% of your retirement plan will be passed onto your Ayers we're giving away guide that will teach you how to avoid excessive taxes on your IRA and it will also give you guidance as to the beneficiary designations on your retirement accounts imagine if 80% of your irony was lost taxes call 803934001. Call now 803934001. Or downloaded for free on our web site financial exchange showed dot com. Carries offers you securities America incorporated numbers and SIPC advisory services offered through securities America advisors incorporated Armstrong advisory group the securities American companies are not affiliated please consult with your qualified tax expert for an tax related concerns. Hi everybody Barry Armstrong here. From the financial exchange them joined by Jake tool who's a senior vice president. Leader bank and leader bank has an exclusive. Program. For those of you who are landlords here Cora collecting rent from 110 and their 101 tenants. Zero and it might be something wanna look into Jake talk to us about your how long has it been around. We then offerings he ran for almost two years now two years and has it been successful Steny extremely successful we've. Offered this product to really target hardly in the hours were still collecting checks in paper form in the NH. And the purpose of zero needs to really bring everything online meet electronic but more importantly. Have a piece edit and forget it a what's a landlord hazard tenants that up. And really there's nothing that needs to be dominant of the leases over. The rent is automatically drafted from the Tenet's account and you choose the date of the month is it always the first of the month or could it be there that's a sign attendant on the fifteenth at the fifteenth of every month yup absolutely so landlords that the initial date. Whatever day of the month that is. It will be the same date every month of the collective how much does it cost the landlord to set this whole lot so it's absolutely free filling in more banks OK so if your idea. Landlord knew if your bank account leader and you get this Secret Service are we 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 waive the fees that. Pretty pretty simple it's pretty cheap and it's a great product are landlords are absolutely loving it. Lot of our it's called zero rent and the website for his 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 to me. The phone number again 8776917900. Or visit zero rent dot net. Become a member of Barings brigade at the all new financial exchange showed dot com get the business and financial information wing you wanted sign up today I financial exchange showed dot com. All of first gold wrote the screenplay or scarface the 1983 film starring alpha chino. As Cuban refugee and drug pin. Strong drug kingpin Tony Montana. Winner on this question was Bob from Winfield Bob is taking away fifty dollar gift certificate to Arnold's lobster and clam bar located on US route six in east ham Massachusetts they're lead chips using has won the Cape Cod stuff planned contest. For the second year in a rose to get down to Arnold's and check out all the great food for yourself call 50 wait. 2552575. Or. Visit them online at Arnold's restaurant dot com for more information. Joined now by Damien Conover or Morningstar here to do little bit of stock talk with us. Damien thank you for joining us. David couple different health care stocks here let's start first with sanity. This is a company trading pretty close to the bottom of its 52 week range curious if there's a company that you're bullish or bearish on at this point. Yeah and it's you're. Were ever bowl shocker you know a company that you know like instead of trading on that loan range now so let it if it was macro concerns across. The entire drug industries due to price seen concerns that the United States in the nose and a piece basting in. Prince it has a lot of exposure to United States and one of the concerns that we have seen with the drug group right now is. With all the rhetoric coming out of the president of campaign about controlling drug prices. Then this group is facing some headwinds there week in those concerns are overblown great opportunity. To increase exposure to the drug groups and he's one of the things we like within that space. That's senate if I'm correct they haven't made a big acquisition since I think 2011 when they picked up Genzyme is that right. Yet it traded at a few smaller things that it really developed a lot of ranch. On there balance sheep they really signaled a willingness to make major acquisition they were in. The running for the medication acquisition that Pfizer ended up getting for fourteen billion so likely that they're gonna make a significant acquisition over the next six to twelve months. And this is a company that right now it's got about a four and a quarter percent dividend that's covered pretty decently at least you know looks to be pretty stable here. How how strong is their track record of increasing dividends over time. Yes there than they've they have increased at an overtime opponent has been much. And some more significant increase is receiving near term earnings are gonna be relatively flat duties some pressure that it has. The diabetes franchise so I do think there's a stable dividend here close to yield up 4%. Our growth on the dividend and a growing too much over the next couple years. Let's turn over now to what you liability and other healthcare company another pharma company. This one a little bit more in the middle of its 52 week range. But his pulled back a little bit in the last month or so I'm guessing you're bullish on this company is well. Yet this correcting you on the politically the last couple and there are a few weeks here. As it really been because we concerns surround drug pricing again that I mentioned earlier I think another. Potential attractive entry point Lily there are. One really important primary event coming up. They're gonna have data on an alzheimer's drug which could really move the stock price I think consensus is that in this about a 40% chance the drug gets approved. We're closer to 50% we think there's more upside than downside wanting to beat countries have with Lilly. Is this binary event to probably happen sometime in November but beyond that strong pipeline. Good dividend yield. And the company that's growing much faster than its peers and probably isn't it in an evaluation for that. Is blowing also a company that has tended to grow by acquisition or they more internally based in terms of their growth strategy. They're great question directly internally based as a percentage of our sales. Argued about 24% the average is closer to 18%. To list and a lot more internally and do a lot less acquisitions nevertheless the duties some tuck in acquisitions. Very good of Amy thank you very much for joining us today. Damien Conover for Morningstar tickers on those two companies and if he has the ticker S and why Eli Lilly with a ticker LLY. The median household income this is the level at which half. Are above and half are below rose five point 2% or by 2790. Dollars. 256516. Dollar from a year earlier. After adjusting for inflation this is according to information that came out of the Census Bureau yesterday. It was a robust number I know that number caught many people by surprise so. Eagle and I want you to just envisions the truck in and think about how this can be impacted by divorce and separation Mary. But if you had. Two people that word. Living separately making 40000 dollars a year yup 50000 dollars a year. And then they move in together or get married all the sudden they become a wealthy household rightly they drive up that trillion number yep you have to think about it in in those terms. But it median household income up five point 2% catching everybody including me folks this caught me by surprise I did not expect the state. Yeah and it is a good point that you make it this is median household income not median. Individual income growth care per capita income so. It is a different study and it's important when he talked about this to know that look there's a difference between those terms median household. What that implies you get 234 people living under one roof there median per capita income different thing that stuck on a per person base and. Sketches a lot of people by surprise especially those of you who live in the northeast right you say how can how can they run a household. On 56000 dollars. Well think about other parts of the country you know go out to the midwest go to the south cost of living in Georgia. Is significantly less than it is in New England. Everybody who lives in Nashville Tennessee. Get down neo plunked down and terror and I strolled down by any means you know it's it's you know it's certainly a relatively big city. He spends and this is for a 11 bed and a two bedroom aka he spends about 550 dollars month that's his right right. You know how much would that be in new englanders say amateur to be in Boston Boston anywhere between twelve and 15100 a month. For one room for one room and to be a lot of two beds now Boston new if you wanna be in Boston proper you're talking somewhere in the ballpark of 24 to 28 under. Well Tucker Leah we asked the question our poll question today is are you financially better off today than you were eight years ago. In numbers early on were very much skewed meaning it was like 90% said they are better Roth. We're gonna pour in by the way if you wanna take part in our poll go to financial exchange showed up come what are the results so far. So far 7% yes and 29% no Maryville our. What do thank you all for tuning into this hour of the financial exchange featuring chuck exotic Tucker Silva and Barry Armstrong all of us. In our insurer match dot com student. There are strong here did you know that there are legal restrictions as to who you can name as the beneficiary of your retirement account it's true federal law requires that you're surviving spouse has to be the beneficiary of an employer sponsored retirement plan did you know that upon death your hiring can be taxed four times all fiery surtax that state and federal income tax rates but they're also taxed like federal and state death taxes that can mean that is a little as 20% of your retirement plan will be passed on to your airs we're giving away a guide that will teach you how to avoid excessive taxes on your IRA and it will also give you guidance as to the beneficiary designations on your retirement accounts imagine if 80% of your irony was lost to taxes call 803934001. Call now 803934001. Or downloaded for free on our website financial exchange showed dot com to. Series offers you securities America incorporated numbers and SIPC advisory services offered through securities America advisors incorporated Armstrong advisory group the securities America companies are not affiliated please consult with your qualified tax expert foreign tax related concern. I am very Armstrong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their super offers and I'm here to tell you about another one there are offering a tremendous deal for a small business loan this offer is only good for a limited time so if you own a small business and you're looking to make improvements this is a deal that you should really pay attention to you can secure a four year loan and fixed rate of three point 99% with absolutely no closing costs alone can be up to 50000 dollars and leader bank promises a two week turnaround in under ready for decision that's a four year loan at a fixed rate of three point 99% this is a tremendous offer but it's only available for a limited time caller right now 8776917900. That's 8776917. -- 900 and you can lock in to this great offer 8776917900. Or visit them online at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. 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And herbal herbal trusts Todd what happens if you happened owned two properties you've got. Vacation home on the Connecticut shore. And your primary residence in Massachusetts somewhere picture and you're thinking. Gee I just satellite mistaking you put like a state on more than one prop. At a time you know the answer is. The home would be non accountable and therefore your life the state peace and would also be non accountable but if you have a vacation home in which you have a life estate peace in the U capped. That portion would still be accountable so. You know credit to the remainder piece that you gave away even on the vacation home would be protected. You still have that problem with that like the slight tendency peace so yes you can. No I wouldn't do it in two properties and our also be very careful how you create. Market you know using a light the state could be a very expensive mistake. Cushing and Dolan is making available a guide for the month of September it's called the comparisons between like the states and durable global trust don't make that expensive mistake call Cushing and old poll free. Their phone number is 8668485699. Toll free 8668485699. Like the states can be an expensive mistake don't make it 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 at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917900. That's 8776917900. Or visible leader banks dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Hi I'm at a London and if you're worried about your character Loveland living alone like I was. And you want reliable senior care information. And call a place for mom. The nation's largest senior living referral service you'll get free information on assistant living and alzheimer's care nursing home. Even important financial information. They had obviously research every place not just given meaning is. They tell me a place for which he could afford and it was magnificent. We're now very confident that she's safe. And they just helped every step of who. And so if you're struggling to find reliable senior living information call plays for mom this is a free service and you can trust them to help you. If you are struggling to find reliable senior living information from your mom or dad didn't call or go online to get that we help you need during this turbulent time call now 804677538046775. There. Pat Boone here with a word about banks' safety you think your money in the bank is safe. Don't bank on it a generation ago bank account felt secure and they paid interest this encouraged the virtue of thrift savings. But today. Bank accounts paid virtually nothing. And it shifted from lower risk. A high risk for example did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders who hit. 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 a yet this vital new white paper now call toll free 805196071. That's 8051960. To 71. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally owned by your gold locally that just makes sense give leader banker called them learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god 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 when he. AP mobile where the news gets its news. This is the financial exchange with the very Armstrong and chunks of tour 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 sharks done us. At the end of August I warned you all I want you to remember this I warned you all that September is the worst month of the year. For stocks it's just it's it's. You look back a 120 years and September is the worst month of the year for the stock market hi everybody it's very Armstrong and chuck is not a and fortunately chuck. We were down a lot on Friday were up a lot on Monday we're down a lot on Tuesday. Yeah it today oracle. Up just a touch about a quarter percent on the Dow third of a percent on the S&P. NASDAQ surging ahead largely due to apple up about three and a half percent today. They'll just shy of a 112 dollars a share right now after another strong day yesterday. And you know I've been talking to and on and off and saying. You know what they may be picking up some market share because this Sunday I sociology note issue. I I think apple is killing it. Z if you didn't know any better you'd think that Tim Cook. Personally went over there and sabotage their battery factory and he couldn't work out any better for apple than what's happened with and so I think Tim would do but I think Steve Jobs might consider it. I just hitting puff I this match I'm just hitting my gosh gosh. Anyway you look at the markets. Dow was up 47 point one thing I will warn you you know the aid and I just want to be aware this. The election thus far need depending on what poll. Eight the it was very much in favor of Hillary Clinton and in if you looked at real clear in if you looked at predicted all the gambling web sites. I can tell you you know up until a week ago it looked like Hillary Clinton was issue. If this market this race gets really tight as it appears to be doing because Bloomberg did a poll. In Ohio in it demonstrates that Donald Trump has a 45 point lead in a very important state Ohio's. Probably one of the most important states in the country. Four election results if this race gets as tight as it seems to beach this volatility that we're experiencing is gonna get worse not better. Yeah this this race is absolutely been tightening over the last. You know last couple weeks now this is why you know whenever when an early August at all it's over it's it's a nudge him given a few weeks and then you start you at the real race looks like. You're into and out I mean this this is a much closer race than anyone was anticipating. And you know we've got what seven weeks to go until the election at this point. I would see did did the numbers that you forgetting about who wins or loses can you imagine the viewership of these debates. Just because tries to you do it right it could work. Romney vs Obama it's worked McCain and it's going to be obsolete we got the first one coming up in just twelve days. Twelve days Monday September 26. And and Hillary Clinton's got pneumonia so it just saying it's it's going to be a very interest in seven weeks. Let's talk about away. I I I got this report. And if it's all about a monster rally. In Wales or are we talking about factors that could lead to a significant price increase analyst one paragraph that lottery to track. Our commodity strategists. Estimate that most of the sell off in oil prices is behind us as they look for WTI. Oil prices. Two rallied 54 dollars per barrel by the end of this year. And by 269. Dollars per barrel by next June. That is quite an aggressive price range for the price of oil they're saying 54 by the end this year right now would you trade that the 44. Oh right now at 44 range after we look at oil today 4388. On west Texas intermediate. It's it's tough but you you've got a tough sell to try to get me convinced that oil is gonna be close to seventy by next June that's that's a tough putt for me this. We'll be very difficult the news. Projecting on the short term basis I think you're gonna just became I just looked at a gas report by the way this morning came out EIA came out. You know gasoline inventories were up I think 567. Thousand barrels. Edges just today in the cities a year still seeing a surplus of supply. I don't know if you're gonna see these prices by July or June of next year by the end of the year but I will tell you. Based in in this report is based on all the money that's coming out of exploration and all the money that's coming out of infrastructure yeah energy. Chalk these prices I just wanna warn people don't get used to two dollar gas don't buy the Hummer. Well I just I guess I see it in when I when I recognized them I wanna warn. Yet you you might think to the dollar gas is terrific and I do I I love the fact the gas is too but I love the back at home needle is too. Don't expect it to last for ever. Yeah cars that you shouldn't buy I have I have a list of the worst cars by fuel economy depending on the type car he quietly. If you are looking for my. The most these are lake luxury cars to at least get very poor gas mileage. No I didn't know the fact Rolls Royce still very poor gas mileage don't buy one no super violent just that reason there's no risk of me buying a Bentley Horry rules that anyone's guess who greet the Rolls Royce it's more it's fourteen miles per gallon not good not good. Hey guys. Today a celebration of sorts in Pittsburg Pennsylvania today is the first day. We used in hail and Cooper car and it will be driver Lewis the end you know it's better than the fact that this driver the stalker. You don't talk to anybody it's free well really I almost wanna go to Pittsburgh to try I want to try when he's out. Be a long time before he sees in doing what I wanna give it a shot yummy try imagine trying to get one of these through like Austin. Or knew they'd better haven Hartford. Forget these be running into walls left and right well anyway the this this is today we told you about it. Movers is unveiling their fleet of cars they've got a hundred taxis a hundred cars on the road in Pittsburgh Pennsylvania. And they're giving away I think it's a thousand free rides in new for crying after requested the driver whose car and then after that did this start charging port that. It a celebration of sorts to many would industries your taxi driver this is your worst thing if your. Cooper driver this is a worst nightmare you know think about I mean this is this has the potential probe what is their I think they've got close to like three or 400000 drivers in this in the US right now. Yeah this is something that is coming and I'll tell you it's it's very interesting to see how this rollout goes because obviously look you'll have some hiccups on sure and you know again these vehicles are not going to be perfect but the question is can they be better than. Humans a what are remind everybody. They're driver illustrates that we knew hailed the car in news you used then you're gonna talk to computer to tell you need to tell it where you wanna go. There is a guy sitting behind and we. Deli or gas. Right but they are not driving McCarthy era DR Tucker for safety reasons so if the computer makes a mistake as chuck has suggested it inevitably will. The computer will be taken over by the driver. I site it's called the safety track I've really wanna try Wendy's now I'm a go to Pittsburgh for the week and maybe that's so don't go watch the Steelers game there. And every Wednesday. We interview a business owner and CEO on Herschel talker. How did you get in touch with Lisa how did you meet Lisa and and had other business owners reach out to the other business owners can simply go to our website financial change show. Dot com and click on contact us and back goes directly to my email aren't. Well and they're very that's organ due in the next segment Lisa to answer president of life is good joins us next from our insurer match dot com studios. Barry and shut. Alex. This is the financial exchange radio network Barry Armstrong here did you know that there are legal restrictions as to who you can name as the beneficiary of your retirement account it's true federal law requires that you're surviving spouse has to be the beneficiary of an employer sponsored retirement plan did you know that upon death your irate kiddie tax four times all diaries are taxed at state and federal income tax rates but they're also taxed like federal and state death taxes that can mean that is a little as 20% of your retirement plan will be passed onto your -- we're giving away guide that will teach you how to avoid excessive taxes on your IRA and it will also give you guidance as to the beneficiary designations on your retirement accounts imagine if 80% of your irony was lost to taxes call 803934001. Call now 803934001. Or downloaded for free on our website financial exchange showed dot com. Juries are for securities America incorporated member and SIPC advisory services offered through securities America advisors incorporated Armstrong advisory group in the securities America companies are not affiliated please consult with your qualified tax expert pretax related concerns. Today the senior citizen has a one in three chance of spending time in a nursing home is your plan to give your home another acid steer kids in order to protect them from a cost of long term care do you feel about asking your kids permission to sell your home or spend your money. How'd it feel to lose those assets to your kids divorce or other creditors there's a better way to keep control while protecting your home. Call the office of Cushing in Dolan right now to request their brand new guide like the states vs a reputable trust they'll teach you gotta protect your primary residence your rental properties and even your vacation property this guy will also show you how to avoid probate keep your money in your blood flowing and potentially eliminate estate taxes co lead 668485699. Or download the guide for free by logging into legal exchange showed dot com Cushing in Dolan has been helping families like cures for the past thirty years called to see if they can help the yours 8668485699. That's 8668485699. Or visit us online and 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 a match agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's 844 and 99 match many of our listeners don't know home and one or two cars that that describes zero you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered well so they 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 8449. B nine 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 continued time stressed 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 8776917. B 900 workers at leader bank dot com member of. The SE equal housing lender and MLS 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 dollar offers fixed or variable rates for both purchases in refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Her ST IC equal housing lender and -- number 449250. Subject to 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 Pashos on demand log on today had financial exchange showed dot com. Yeah. Lisa cancer. Is the president of a company called life is good and she joins us in studio right now you too can join us in studio. If you're a business owner we invite business owners indoor studios every Wednesday. To talk to them about the trials and tribulations of running a company well. Today it's a company like light is good and begs the question Lisa by the way welcome to show the possible closer to the Mike there there are so. What's talk about life is good I own your teachers at least thanks Angela got at least one that's what would his. McCain and never really thought about it somebody gave me teacher as a gift what is life is good at all about. And like his kid as a lifestyle brand we primarily sell apparel and accessories. And it's all of us spreading the power optimism using art and message to strip optimism movement and how long have you all been in this it's so like his get his founded piper and John 1990 Fuller who should have been around long time they have. Local guys from Needham. From Needham and and would. Inspired them to start this business NASA early on right after they graduated from college have both you know artists and very creative. They started designing T shirts and they went up and down the East Coast in a fan and I think they're really trying to avoid getting a job yup. And days in a hike and a little success early on they tried different designs get a college to arms go outside at Harvard Square. One day and they sell seizures shall T shirts on the street that's that they are trying to do. And they are attest that designs that they had with their friends and one day after and a listening to the news they felt. Everything's so negative ads as a flood of negative news on and we focus on the positive. And they designed. Character named Sheikh Egypt and Israel light is get under it and their friends responded very favorably to it went back out on the streets and in no time there is selling 122440. T shirts in the day which for them was it dramatic 60 yeah. And light is get took off from the Mac people of all ages all demographic responded to the positive messaging and that became the focus of the company now these two guys still involved in the company absolutely they you know heart and soul of the company. Bart is the CEO Albert. Right so weary headquarters we are ahead what they're right near south station announcer street will have an office in Hudson camps in how many employees the a total of a 140 employees rather evenly split between the Boston office and the New Hampshire why between the two locations knows most times company decides. We just had one location bar in New Hampshire is primarily a distribution center and warehouse so it's primarily customer service sent a mailing letters. There and more of the corporate functions in Boston so who are your customers use up as I've seen and correct me from wrong but I think that senior teacher. In stores like again happened in and other retail locations and yes so where we sell online at lake is at dot com we have about sixty genuine neighborhoods shops shops that are almost fully light as it across the last. And then we sell too well hold on the whole story is like this that show are you never sees no real so what do you what else do you sell them. So primarily. T shirts accessories Peron who is literally an accessory about accessory you an example union has banned. Baseball hats hats gloves outerwear. At Texas. And then we saw that thousands of points of distribution. Across the country so more small shops that are in a lot of resort locations scheme locations through airports that you're stuff all over the place and a bunch of stores in airports that's tracked Newton. So Whittier we're projecting for revenues this year with how much total sales deal. Chandler privately held company at where a hundred million dollar for. They don't get annual. I'm. In that ballpark though when you look at how this company has changed when did you first become law associated with them when did you first first start doing some work. Who hasn't really early on as the company started I joined the board twenty years ago of their life is get Kids Foundation. And it's an interesting stories as light is get the message got out there we started receiving. Letters from people facing adversity even a lot of them from kids kids facing cancer fit kids in the death of a lot line. And people are writing how a simple message lately is get inspired them and during difficult times so early on the company started to channel money to helping kids. Helping kids in need particularly kids facing poverty violence an ominous. So ads that started I joined as a board member I have it you know. Other fulltime job as a board member for their Kids Foundation noon and then about a year ago I joined as the head of marketing and recently took the position as president. Now how do you see things in terms of your role that you've taken on as president here. Does that mean I'm sure you're able to do more of with near certain aspects of the business is now role but he probably also have to give some things up north to do that. Well you give up you know that the head of marketing job that I had we are feeling that position. So that's great and so somebody will continue on with that vision and and really our goal is how can we spread I wording grow to as many optimists as possible. So money. My primary responsibility is on some of the growth and profitability now. How many employees or their from the early days of the company to people tend to stick around for awhile there there's definitely a lot of light for young people live in their tenor Maury years now some of the original partners are still working. In the business sound now we have some new people to and so it's again next how many owners. So at least you institute guys. What's the in terms of as the company's expanded what's been the biggest challenge that you face trying to. Grow the company but still maintain the core values. I think the biggest challenges it's maintaining the core values is rather easy spreading a power optimism and you know the power of positive that he is easy it's. Really identifying us so much opportunity where the big spots that we wanna go and that we find is a great market for example with parents. Plans are young kids is a great market for us at teachers. Are entering college so it's really focusing because optimism is so universal. How much business you do internationally. Very let I'll get primarily US and Canada is that something that you'd like to get into over the next few years. Absolutely that's definitely a priority over the next five years because we know the message resonates you know on a global level. How difficult is it to do business even just in the US state to state is different regulations different things that you have to follow do you have to deal with that waters just because you're based in a couple states don't have to do too much. We don't have to do too much you can land and that's not a factor yours or private company now which means that you know the two Brothers on the thing. And any discussions about taking it public or selling. Not and I think that these guys have been so committed to their vision and that over the years you know it. Been able to appease it self sustaining business and they dishonesty their mission as you know spreading optimism to his many people as. Possible is a mission statement. Yet to spread the power optimism pretty simple and instead it. So you talk more about the challenges. Unity and a 140 employees way. Somebody else puts him 240 Haddix. Non out of now. Anyone at the beautiful things about life as it is people are all their fair reason a lot of places you can mark and if you want to feel really good about what you're doing. This is a great place so there's not a lot of headaches when it comes to that everybody is so committed to the mission. That business. And you know in addition to Dick Clark Allen's spreading optimism 10% net profit goes to help kids. And so you're doing and I'm a good you know rights that people really feel that. It's a very unique place to lack integrate environmental benefits he would provide health insurance dental insurance and think that's important and I are definitely full benefits and it's it's even more than that his event and I think people feel for them and working on something something really again. Yeah yeah that that that definitely makes a difference if you if you're going to work in you feel like GM and helping other people. I'm making a living for myself. Bled at that the work that I am doing is is helping society. How did they pick the charity you mentioned there they're. The their primary focus is on children in pop or fame right in impoverished hamlets have. It's chilled at their helping children who are facing you know pretty big obstacles so. We are actually hands on non prop and might not pass through organizations and we can't be full staff of people out there working in the field. With schools at hospitals. With early and program gives us an example of the school or hospital whatever your more cups and I like we do a lot of work with headstart programs at boys and girls clubs and and what we're doing there it's Connelly is gay Kids Foundation but the primary program is a playmaker program. Where training childcare providers. We're working with the tenants moved so we provide them with an ability howdy used. Play and activities to help kids feel confident to help kids they'll esteem do it trained over 6000 child care professionals. That's fantastic that's that's going to be very gratifying it is great. Nancy you've been involved in the company almost from the beginning yep from the nonprofit standpoint and so. I find that there's very few companies have such a solid business machine and social mission and we don't view them separately. It will bring together in everything that we do so with your goal for the next five years. And we're looking to grow the company you wanna grow yes look into it to grow the company and really get out to different articles for people who haven't experienced link is get a Fuller and and we we have a very strong brand that we have a lot of program can website we do like is it that comments I website and you know selling online is a big part of what we do you. And it's also a hub far. You know we're not just a product company we have a lot of content which filmed a lot of stories of people who share letters with us over the years. And we use it as we call public optimism rights not just a commerce. Lisa thank you very much and that's Lisa tans or she is the president of life is good the website to check it out. The website is called life is good dot com I've got one teacher to could get one too. And let's see what are we doing well up next we'll have a trivia contest for you but we're also going to be joined in a few minutes by Mary Beth Franklin. We're talking about Social Security are you getting a raise in your Social Security check come January 1 will let you know the answer to that and a whole lot more. From our insurer match dot com Steve. You gun Barry Armstrong. 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 zoo where awards program to leader bank is now offering it's and checking account along with the companion savings account and as long as you qualify you'll receive three Democrats. First you get a savings rate of two point 05% annual percentage yield up to your burst through each day all of your ATM fees from news and other banks will be reimbursed and you'll get 1% cash back by using your debit card on visa credit purchases just sign up for the statement with the accountant direct deposit at least 1000 dollars per month and do a debit transactions per month. Cult leader bank right now at 8776917900. 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Call them toll free 8776917900. Three point 99% to pay it back over four years. 8776917900. Poll furry. 877697900. Or check them out online at liter bank dot com. Today the senior citizen has a one in three chance of spending time in a nursing home is your plan to give your home another acid steer kids in order to protect them from the cost of long term care. Do you feel about asking your kids permission to sell your home or spend your money. How'd it feel to lose those assets to your kids divorce or other creditors there's a better way to keep control while protecting your home. Call the office of Cushing in Dolan right now to request their brand new guide lake estates vs a reputable trust they'll teach you gotta protect your primary residence their rental properties and even your vacation property this guy will also show you how to avoid probate keep your money in your blood flowing and potentially eliminate estate taxes co lead 668485699. Or download the guide for free by logging into legal exchange showed dot com pushing him Dolan has been helping families like jurors for the past thirty years called to see if they can help yours 8668485699. That's 8668485699. Or visit us online at legal exchange showed guns come. Your financial strategy has to include a thoughtful insurance plan insurance exist to protect your assets and our friends that the insurer matching agency can prepare personalized plan -- gets you the best coverage at the best price call insure a match at 84499. Match 94 for 99 match many of our listeners own hole and one -- two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family RC 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. Four for 99 match insurer matched 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 you time stress and money with just one phone call and one relationship called today for 499. Match or go online at insure a match dot com. Get your thoughts and questions seem instantly. Tanks the financial exchange at 6868. This is the financial exchange on the financial exchange radio network. This segment of the financial exchanges brought to you in part by the leader banked it's not too late to get a great rate on home mortgage leader bank. As some of the most competitive rates around call 8776917900. Or visit leader bank dot com. For more information trivia is brought to you by Arnold's lobster and clam bar located on US route six in east ham Massachusetts Arnold does a great rob Barr lobster rolls fried clams in terrific onion rings. And they're lead chef Suzy has won the Cape Cod stuffed claim contest for the second year wrote. Call 5082552575. Or visit them online. At Arnold's restaurant dot com we're doing tribute today based on the screenwriter and director Oliver Stone who's born seventy years ago this week. Which character. Did Kevin Costner play in Oliver stone's 1991. Film called JFK. Our text number is 68680. The first listener with the correct answer wins that fifty dollar gift certificate to Arnold's restaurant. Which character. Did Kevin Costner played in Oliver stone's 1990 when 1991. Film called JFK and again. The text number here is 68680. Check breaking news coming out of Ford Motor Co. Yeah Ford CEO work co CEO mark fields said just a little while ago about half an hour ago. That they are going to be within the next two to three years moving all of their companies all Ford's small car production out of the US and to Mexico. Not going to be popular. Noticed it's not surprising I think the big goal for Ford is to keep I think the truck production. In the US since I think that obviously when he talked about one of the major reason why people buy a Ford or GM vehicle because it's made in the US I don't think they want to do this with their trucks just that the PGA mass exodus away from them. But I think with their small cars I think it's a different group is buying those I think they can probably. Get away with this without seeing too much of a drop in the percent. Let's talk about online sales I've been a big critic of Wal-Mart because I think they missed the boat. In terms of an opportunity. To compete with Amazon I thought that Wal-Mart and this is probably five or ten years ago I called them out I said. They are the only company they can compete with Amazon will they missed the vote in the evidence is mounting. Yeah it really isn't what you're seeing in particular. Amazon last year Leah captured 33%. Of online sales up 125% 2012 width that's it let's just think about that. For me the standpoint of quite an accomplishment. In 2012. There are still a lot of online shopping going yet write it but they had a quarter of the marketplace. Now the marketplace is much larger right people people now look to shop online and look to avoid going to the mall. In Amazon has a bigger slice of the bigger pie. You know what you're seeing every year and I think it was 2015. That out of every additional dollar that was spent on e-commerce about 52%. That went and is so that a bit they're just. Raking in dollars at this point one of the big things that you see is that the speed at which they deliver. Is simply better than anyone else now give you an example of this though. I have a a wedding coming right in the wedding is in it gets them I actually found somebody Tucker that is willing to marry will she doesn't know this yet. He hit only seven tolls or not she doesn't know this yet I'm obviously I'm planning this without her knowledge but so I had I'd get some some socks for my grooms and we're going to be wearing you know matching socks and I. And so I had to go on Amazon writes I'm sitting there it's 8 o'clock on Monday. And saying OK I and need to get this ordered 8 PM on Monday they were delivered by 7 AM on Tuesday. Well let me ask you guys you know your generation. Expects the buy everything on line for me it's it's a training process. How important is speed to you talk when you're buying something online in the truck had to get his socks I don't know that he needed them. In twelve I didn't I didn't if I did two day shipping and they still got there in twelve hours that's on things like that and bad. When you're making normal purchases like I bought. A fire stick. And I don't wait five days I was I was ticked off two days. Yeah I mean I guess I expects up and within two days and if it's not that I yet. You know pretty upset with whoever in order proxy that's the problem that other retailers and enhance the leaders know and he CV what. Here in that business wise to take five days well because here's the problem. Tucker if your prediction Bordick it nobody here Dick's Sporting Goods or if you're Wal-Mart trade Wal-Mart is so screwed up in the way they ship the extreme right. They they will. EEU water or something like bird seed. John Moody was Tommy's story is a nightmare it took you don't elect how letters from them so it was cat yeah that's it. It was like two and a half weeks and he finally ended up canceling the order but you've just got to go in that I dole I know that catlett is important stuff. But that's that an and once you have that kind of lead I don't know how anybody else compete with Amazon and mean it gets to the point chuck we save yourself. Are we looking at a company in five or ten years where the feds come in and break them up what is your eyes is Larry. Wouldn't be surprised now you know it's they they're getting to that that's a testament to their success. Always it looked Jeff Bezos you know people can knock him for this and that yes Jeff Bezos is one of the most fearless in one of the most relentless businessmen that you have out there it. His vision and in what is made him so successful. It's he's he's not a Steve Jobs where is coming up with these neo revolutionary new ideas he just continues every day he had a rates a little better in a little bit better. It is very slow incremental process but when you look at where we've come in the last fifteen years. At least on. If not you guys doing their credit. They Euro financial strategy has to include a thoughtful insurance plan insurance exist to protect your assets and our friends at the insurer match agency. Can prepare a personalized plan to get you the best coverage of the best price call insurer match at 84499. Match that the 844. 99 match. Many of our listeners own home. In one or two cars in that describes you you're the perfect candidate for free consultation to make sure that your property and family are safe and properly covered. Will also dig out all of these this all of the discount that preferred customers like you can call 54. Call insure a match to compare multiple rates in carriers and 84499. Next 244. 99 match insurer match works at the leading carriers in the industry like our bella. Plymouth rock and more their license for all types of insurance and they concede any time stress and money with just one phone call in one relationship Paul today. 84499. Match or go online and ensure a match dot com a little surprised when I saw this headline. Donald Trump proposes childcare subsidies that he didn't know any better you'd think he's a Democrat. Not only child care subsidies for paid maternity leave he wants to make mandatory as well which. Really breaks with the Republican orthodoxy over the last several years. And something that they have pushed pretty hard and pretty strongly against. Now you have Donald Trump proposing it and the question I always come to with paid maternity leave. Is how would you. Allow smaller companies to do this without penalizing them for being small. And that's the problem is you know you look for her. An employer I can tell you Fidelity Investments. Good company. They give bear. Female employees early to get their mail pleased that their female place it sixteen weeks of paid maternity. Yet now they are very generous and they can do that because they've got you know 203040000. Employees whatever it is when you are right what he's Zeta-Jones plummet well exactly if you're running a shop in let's let's say you've just got you know retail out OK and you've got you know regular rotation you have someone who comes in and you know handles everything on the back and for it if you have. No one bookkeeper does everything and you have to pay that person and then bring someone else in there. That's the difference between Pena rent possibly so. I'm not opposed to the idea. How do you pay for a mandatory maternity leave Betty pay how do you pay for it not penalize small businesses that don't have the resource is the big Wednesday. SpaceX is back nearly they boo when they blow up that rocket last month about two weeks ago Rihanna and they're gonna come back in November a surprise but. Yeah NASA or rather the air force described and I quote. Moderate launch pad damage I don't know exactly what that means that they are looking to return to service in November. They still not fully identified or not publicly identified what went wrong here as recently as last week you won mosque was still scouring Twitter actually for help. They may not know. They may not right they say it wasn't that much damage done it that's the thing you learned is that you except the rockets played. I thought it would be wouldn't recall refer to is toast but yes the other than that it's if you know things that are. Evidently because I had speculated it could take a nine months to get back on possess what are red. Yeah Elon Musk typically refers to these as rapid unscheduled assemblies that's how he. Point them out but. It's you know what they're trying to do is they don't quite know what happened here they knew they didn't even with the thing up the engineer or just fueling this. And something caused the blow up and they have yet to identify the last time that a rocket blow up took about three weeks to figure it out though. I would imagine in the next week or two you may start to hear something but they're trying to you know get back to all systems go by November they've got a backlog of seven emissions that they got to watch. Date to the people pay for seven emissions about a billion dollars and booking. For them. Pay up next we will be joined by Mary Beth. Franklin from investment news how much of an increase are you going to receive for how much of an increase were your parents receive. In their Social Security retirement benefits come January 1 of 2017. That's the first question that and post ever. That and more coming up next from our insurer match dot com studios. Collection 2016 guys who will have an impact doing the economy I don't know right here in the financial exchange on the financial exchange rate them. Work very Armstrong here did you know that there are legal restrictions as to who you can name as the beneficiary of your retirement account it's true federal law requires that you're surviving spouse has to be the beneficiary of an employer sponsored retirement plan did you know that upon death your hiring can be taxed four times all Irish are taxed at state and federal income tax rates but they're also attacks by federal and state death taxes that can mean that as little as 20% of your retirement plan will be passed on to your heirs were giving away a guy that will teach you how to avoid excessive taxes on your IRA and it will also give you guidance as to the beneficiary designations on your retirement accounts imagine if 80% of your irony was lost to taxes call 803934001. Call now 803934001. Or downloaded for free on our website financial exchange showed dot com. Dirty suffer through securities America incorporated member Finneran SN BC and advisory services offered through securities America advisors incorporated are strong advisory group in the securities America companies are not affiliated please consult with your qualified tax expert pretax related concerns. Today the senior citizen has a one in three chance of spending time in a nursing home is your plan to give your home another acid steer kids in order to protect them from a cost of long term care do you feel about asking your kids permission to sell your home or spend your money. How'd it feel to lose those assets to your kids divorce or other creditors there's a better way to keep control while protecting your home. Call the office of Cushing in Dolan right now to request their brand new guide life for states vs a reputable -- they'll teach you gotta protect your primary residence your rental properties and even your vacation property this guy will also show you how to avoid probate keep your money in your blood flowing and potentially eliminate estate taxes call 8668485699. Or download the guide for free by logging into legal exchange showed dot com Cushing in Dolan has been helping families like cures for the past thirty years called to see if they can help yours 8668485699. That's 8668485699. Or visit us online and 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 mention agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars that they describe GO you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered well should they 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 8449. B nine match insure a match works with the leading carriers in the industry like our bella Plymouth rock and more. They're licensed for all types of insurance and can save you time stress the money would just one phone call and one relationship. Call today 844 and 99 match or go online and ensure a managed 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 8776917900. That's 8776917900. Workers and leader bank dot com. Member of the SE 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 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 leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member has the icy equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Security securities America ink member in PC. Or securities America by. Representative advisory group in the securities America companies. How web series saw. Just got financial exchange showed doesn't come you can take part in our daily poll question paid you'll find in daily recap of the markets activity visit us today as financial exchange showtime come. Kevin Costner portrayed former New Orleans district attorney Jim Garrison. In Oliver stone's 1991. Film called JFK. The film was produced on a budget of forty million dollars and earned over 205 million dollars at the box office. Dan from Plymouth had the correct answer takes on a fifty dollar gift certificate to Arnold's lobster and clam bar located on US route six. In east ham Massachusetts there we Jeff Susie as when the Cape Cod stuff claim contest for the second year in a row. Get down to Arnold's and check out the great food for yourself call 5082552575. Or visit them online at Arnold's restaurant dot com. All right we're still waiting for our guest and while we're waiting for her we're gonna go to another topic which is. To cut energy bills companies tap battery power what we've seen chuck. Is some of these big box retailers think about your JC Penney think about a company like best buy. They're buying these huge batteries in their storing them up at night they're charging those batters at night when electricity is cheap rate. And then they're using that battery during the peak. Hours win their use a lot of electricity in order is that it did try to buy it cheapens and use it when it's more expensive. And what they're finding JC Penney is found. That by using these in their stores exhibit 6000 dollars a year per store so you figure. But papers even 6000 dollars a year and we've got a hundred stores all of a sudden we get 600000 dollars that we didn't previously you know it starts to add up to real money there. You've got other companies Cargill who is involved and who processing and so forth. They put in a bunch of the that that Tesla power walls and when there beef processing plants they're saving about a 100000 dollars a year on energy becomes so it's all about the off peak. In peak yet it's not about storing solar power at least not yet. But it's it's about the the whole lomb you know buying cheaper at night. The thing that helps with is just helps. And again it's it's still as early stage of this not seeing this widespread right now but it also helps just with power companies having to manage their loaded with features you know instead of having to fire up a new plant in high demand where you sit there and say OK these. People have some power stored in the not gonna be calling us. You know saying hey we needed you know get something else going for while it and that it that that helps everybody. That saves a lot of money exactly is it's it's those extra point you gotta fire up those the ones where you're not paying eight cents a kilowatt hour now paying ten you're paying like thirty to forty cents a kilowatt hours sometimes in those auctions that are going on for the have you. They seem much advertising for question 41 way or the other zero. None and here you have a question for is a ballot initiative it's only on in Massachusetts this year but it's about marijuana. And recreational marijuana becoming legal in Massachusetts I haven't seen much on it one way or the other. There is not talking about it all is here's a story out of hers I guess it's a ballot initiative. In Arizona. But it big pharma company in Arizona is funding the initiative to stop the the wreck marijuana because it'll interfere with their drug sales. Yeah and they they have literally said and this is from their filing. Legalization of marijuana or non synthetic Canada noise in the United States could significantly limit the can commercial success of any of our product candidates like. They're pretty much coming out and saying well we wanna develop something similar so we wanna prevent this from ever coming to market as it is in its natural form. From what I gather I guess for people that are suffering. And going through things like chemotherapy and radiation yeah it creates knock. Right in Canada yes we used to call giving you the munchies right and her kids daisies smoke pot and people would get the munchies. Well now that that's a good thing Tucker went win when you're going through cancer treatment because you get the munchies after some marijuana. And I guess this drug company makes a product that gives you the month. The criteria and it's. Wrong. They just what it is it is it is. Rent seeking by company it just bothers me and it anyway it would change the subject you know. Tucker is been so intrigued by this burrito by drone story. That I actually found him a video of the burrito being delivered by a drone. What exciting stuff. The future is now I mean this is when you talked about you know where we are going in the future. The future is booked burritos. Falling out of the sky and in the video just beautiful I mean you see that it's it's not quite fall they're lowering the burrito down to you there. Tonight our own doesn't get. Real close. No the drone is still probably 2030 feet above you from what I can see in the video I kind of envisioned I mean what I really want to see eventually is you know the things just flying overhead and doesn't even stop injures drops a burrito out this guy with maybe a little parachute on it that. You know floats nicely down in the here and or something like yeah you think they're gonna. Trouble with. Drones. Being shot down or people thrown baseballs that and that's because of her like think about your your head on college campus packer right. And UC drone coming through the sky death and your hunger and your and you might you be tempted to throw you for is via yes especially if I've had a beer theory yes or the munchies now. I that I did something to. To war with Korea a couple people yesterday when you're talking about drone saying that he is there any use them for target practice. This could be good though I mean when you think about if people are you know get a little work out warm any are what you might see better athletes coming out of it because this actually now they're yell. Rate improve your baseball team. Yelp and trip advisor deem legal cover for negative reviews so I guess what's happened here. Is somebody will post. Negative review of a restaurant or hotel I think that's where most reviews corporate restaurants and hotels restaurants hotels maybe some mock two hours and things like that as well but generally restaurants and hotels the big ones and if you're restaurant can do a lot of damage to your brain. Reggie you go in and somebody comes silence as well in the bad service of the Neil was terrible I got food poisoning something like that. And the restaurants want the right to be able to sue. Yelp and trip trip advisor. Yeah and in particular you run into problems where people may. You know have a bad experience with the restaurant and all of a sudden they tell all their friends to write in bad reviews and things like that and you can find in some cases you know people can really move reviews either positively or negatively. And and they might not have even bigger there and. Some case I still would I go to look for restaurant poll look. I won't go to one in less three and four stars or more unless somebody told me about it they said oh we're going here tonight. But certainly don't do that that are you see three storage like what's wrong this place in May you click through a few of the reviews and but he it's being abused in I think is what some of the restaurant owners are saying is they're they're claiming. That. Competitors are giving them bad reviews and that's raw. It is and and what I would do what I would. Likely to what I'd like to see from these companies from a Yelp or from a trip advisor whatever there's got to be some way to get into recognized someone's actually been there or not. And they're not doing that they're not implementing that. Right now the Dow up 46 points I don't know how it's been and folks who market has been very tumultuous since last Friday. When thank you all for tuning into the financial exchange from our insurer match. Dot com studious.