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Full Show 10-17-16

Oct 17, 2016|

Full Show 10-17-16 by The Financial Exchange

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This is the financial exchange with the very Armstrong and chunks are now. You're exclusive look at business and financial news affecting your day you're so leave 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 very Armstrong and chuck soda. During the next three weeks we are in the heart. Of earnings season every day we get major companies announcing their earnings and they're also giving its forecast. As to what they foresee going forward hi everybody buried truck with you here on a Monday and I'll tell you what we're gonna start off with. Hasbro Bank of America. Dunkin' Donuts all of these companies reporting earnings during the last few hours. You know what we have well let's start off with Hasbro first AL locally based business here they came out they beat on both revenue and on earnings. Not consensus estimate for revenue was 174 chairman I'm sorry for earnings 170 four's share. There they came in at 203. Revenue they also came in the about 10% heavier than expectations as well some pretty much across the board. In stockholders have been rewarded pretty strongly as well with the stock up about 8%. After that news really strong quarter for them guided that this was going to continue as well. Really this is like is it a one trick pony though that's the one concern I have been looking at an insane okay how long can they ride this frozen. Because it's all related to Disney in there frozen merchandise from what I considered well a lot of it's Disney and frozen they've also got a number of other partnerships with Disney as well. And this is really being the biggest thing that has boosted them is in the last several years they've had obviously a very strong run based on those partnerships. With Disney I think obviously you know it is a concern know how much longer and can you keep this up. But they do appear to have staying power in this has been. You know really a strong four year period for in the stock is up more than a 130%. Over that time. And the not even priced too cheaply for the level of growth they're seeing. Stock it's priced about twenty times earnings and put their continuing to grow earnings and about 78% a year as well. You know it's it's a company that's trading met two times sales it's. It's pretty fairly valued right now and I think investors have been rewarded. This year obviously stock is up 22%. Headquartered in Rhode Island Bank of America while not headquartered in New England does have a big presence in New England. Brian Moran hand the CEO of Bank of America he's been there about seven years he's a graduate of Brown University. And he took over that bank is CEO he's an attorney by trade when nobody else wanted to job and frankly I gotta tell yeah. It hasn't done a bad job providing. Stewardship of this company there hasn't been a bad job there the they reported earnings this morning. Profit was up about six point 6% from the year before their earnings beat by about seven cents a share revenue beat by about 3% as well also a nice beat on the top line to. I think the reason that you know you continue to see some fluctuations in bank stock prices is because the question is will what is the situation look like. Heading into 2017 obviously it's it's still there's still a lot of uncertainty when it comes to. Banking if I agree and and I think if we really had. The likelihood of major interest rate hikes over the next several years. Week in and when I say major if you thought that the overnight lending rate the primary do we if you thought the overnight lending rate would get it to two and a half percent. I think bank stocks would be trading much higher than where they are now because they have much better net interest margin. If you thought that investment banking activity who's gonna take off again I think these stocks would be trading at a higher multiples well. They're not which tells me chuck my interpretation of that is interest rates will remain low for quite some time you're gonna get a fight. In that December I granted that but I think you're looking at an inquiry Boston sent me a note he's saying you know based on it he went to the yellow and speech. He's saying look it's going to be maximum two rate hikes a year for quite some time. I think job based on what the market is pricing in for next year I think it's not a year or hike. Another year next year that's that's what I'm coming around to at this point I'd tell which would explain the pricing of banks had been in that one did one to two arrangement I think I'm coming around to I think one is the most likely path next year's well. Just because I don't think that the economy is strong enough. Towards economic did you make that did decision based on Ellen's comments were she said she'd like to see the rocked the economy run hot I took that to mean she'd like see a little bit of inflation like she met except inflation running. Two and a half 3%. And still not be tempted to raise rates but from there also just looking at the data I just don't think it strong enough to ward to second height necessarily I think the economy probably could deal with that but I just it it's been such a cautious bed at night. I don't see them all of a sudden getting aggressive for no reason. Duncan brand shares down one point 42% say it ain't so but the shines seems to be wearing off Dunkin' Donuts yeah I think Duggan you know again this is a stock that has some question marks in terms of the growth rates at their existing stores they're opening new stores like crazy especially out on the West Coast. But I think they do have some questions as to how they can continue to drive all day traffic just because the food offerings that they put out there. Frankly they are very good and they're not getting people come into Wednesday you know once they're done getting their morning fix coffee that is not getting people. In the stores. On a consistent basis throughout the day. He wider view gentlemen have a strong opinion as a relates to assisted suicide disease. It. Something you're very much in favor of over something you very much opposed to of your thought about it. Assisted suicide I think fifth. That given parties and you know. Working in meta mental state and is capable making that decision they should be able to do so you usually they're a different guests yet. Chuck you have any strong feelings one way or the other I'm in the same position now. The there there it's it is the law in Oregon and last year 218. People. Participated in assisted suicide that's up from a 155. People. In the year 2014. I guess they take a prescription called. Seek seek though Barbara Hall. And it's the that is how you you you partake in assisted suicide the very controversial issue. You know and it tends to go along religious lines yeah I understand why it's controversial obviously him. As it stands it and I I get these the stats this morning I was pulling up the data. Medicare Medicaid and Social Security comprise nearly half of the United States but budget. Assisting those in need is a clear rocket of the US government moreover. Average cost of care to those that are terminally ill during their last two years of life according to the Dartmouth institute for health and policy. Is somewhere between 35000. Dollars and 90000 dollars now I'm not suggesting. That that influence somebody's decision but there is a mining at tremendous financial benefit to allowing assistants whose. There is I don't think that's to be something that's discussed when it actually go through the legislation though just because. If if all you're going to say is bolts that you know cost savings is you know the reason to do those who by the addition provide any medical so it's the guy. I don't like to go down that road because where do you draw the line on that there's collected it just doesn't make sense but. I do think that just from a quality of life perspective you know we've we've seen this in a number of cases in and look I'm sure a lot of people seem family members who have been in situations where. You know it's at the end of a battle with cancer or something like that used to nanny saying look like. We just we just need just aimed at this point of the person doesn't wanna be here they it's it's a very difficult situation and it. Every course I guess the only place in New England is Vermont. I believe so vehemently condemn apartheid. It's on the ballot it's on the ballot in Colorado with prop proposition number 106. We have a poll question today Tucker so what is it and how to lure listeners partake listeners can participate by going to financial exchange showed dot com and voting in our poll question of the day which is do you think assisted suicide should be illegal yes or now all right and we will get any results yet because we just posted it but. Certainly feel free to participate in our poll. Up next we'll be joined by David do you logos he's going to share the results of the most recent poll that he is conducted which is I believe North Carolina. That is next from our insurer match dot com studios. Powell the upcoming election and take your finances and your business lingo right here it's the financial exchange on the financial exchange radio networks. The summer is over the kids are back in school and raring to go in this is a perfect time to reset your schedule in its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plants I just Jason Walsh chief marketing officer of the financial exchange radio network in if you like me in needed to reset on your insurance policies I want you to call the insurer matching agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car from my older daughter because lord knows she -- wanna wait around to -- Marc Collins -- match today at 844 and 99 match that's eat for four and 99 match and through their Massachusetts division in charter let them -- present you with information that is bound to help you I saved over a thousand dollars a year in my new deal and I know they'll try to do the same for you call today at 84499. Match or visit them online -- insure a match dot com. Advance the state claiming has many benefits including avoiding probate passing your assets along to your bloodline divorced proofing your kids' inheritance estate tax reduction and possibly eliminating estate tax each week Todd lets you know partner with the law firm of Cushing and dole and educates our listeners by telling them how to protect their assets from the high cost of nursing homes and this month he's offering a brand new guide called back to the basics to help you avoid this very important factor call 86684856990. Did your guide today don't put added financial strain on your spouse if he or she ST go to a nursing home call now for your free copy of back to the basics -- 8668485699. You can also downloaded by logging onto our website at legal exchange showed dot com the law firm of -- in Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legally exchange showed dot com. Hi everybody very Armstrong here from the financial exchange and I'm joined by. Jake too who's a senior vice president at liter bank. Leader bank does a tremendous amount of mortgage loans as a matter of fact I've used them a couple times to refinance properties in the past. Jake how's the mortgage business these days it's been an extremely busy very. There are a lot of people buying homes. So that's kept the purchase market very very busy in and on top of that race are still at all time lows right so we've a lot of folks who are refinancing their homes either to get a better rate or pull some cash out because their properties appreciate it. That's is gonna ask you how does somebody know whether they should call to refinance. Well you know. There there's really 22 ways if they feel that the rate can be improved. Give us a ring tone it down and you know thirty year fixed rates are all time lows. If you have anything in the in the 4% range frankly give us a ring to it might be able to do something K okay I'm or if you need to take some cash and of your property wondered for college tuition for your kids are 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 great look breed on your first mortgage and get a home equity line of credit which will leave your first loan as it is allow you access the equity built up in your home makes an awful lot of sense and you've got fifteen year fixed rate mortgages five year adjustable rate words all types inflamed week we have all types of that in addition to that we're actually very active Jumbo lenders so. As properties have really appreciated in the markets in Massachusetts. There's been higher demand for Jumbo loans we do a lot of that so last year Berry were actually not the number two home purchase minor mass. It uses its good 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 online at leader bank dot com. Or you don't talk to human being given McCall they have loan officers standing by right now 8776917900. Vets told Parikh. 8776917900. Security security's income member in. Our securities America and represent it on target recruitment securities America companies. It's our daily poll question had financial exchange showed Doug John. Vote your conscience and Arabs just votes go to financial exchange Joseph does come into castaway. Mortgage rates charged. Dropping this segment of the financial exchanges brought you in part by liter bank it's not too late to get a great rate on a home mortgage. We your bank has some of the most competitive rates around call 8776917900. Or visit leader bank dot com. For more information. Wells Fargo says that customers shying away after the scandal. Can't say I'm terribly surprised but I am surprised by the magnitude. In which customers are avoiding most are. Yet the the number of customers opening checking account is down by about 25%. Compared to new year ago. Number of people applied for credit cards down 20%. Doesn't this is not a reflection of people currently at the banks of the not necessarily closing accounts but new account activity is significantly down in some of this obviously. He's due to while what is going on. With the scandal that they are trying to sort through right now a wonder how much of it is a direct result of this simply not being a. Aggressive in their sales as well short lived or long term you know we talked about chipotle. News about a year ago when their troubles began in their still reeling as a result of the damage that they've done to their brand. Has Wells Fargo damaged their brains irreparable. I'm gonna say at least for the next twelve to eighteen months they're gonna continue to have issues beyond that I don't know if I can really speak includes guides I think figuring. I think they're gonna be known as the bank in less other banks. Get busted on the same issue exactly right if if JPMorgan has this and Bank of America has this problem then I think. You know then then it lead now but I've got to believe that Bank of America would be a benefactor of the Wells Fargo problems you know people might say you know an American open an account at Wells Fargo and walk across the street go to a bank where you would think of him. Hey let's go to our good friend David paley logos from Suffolk University hi David Dario. Morning welcome Leo. Good so why don't we start with North Carolina and you guys are in the field last week what did you learn. Margin of error race in North Carolina a little bit of a swing to Hillary Clinton. We have Hillary Clinton leading 45 to 43%. In that battle. Again it's within the statistical margin of error 5% of the voters. Are undecided but senate where for Gary Johnson so. I thought that state was in the hands of Donald Trump a couple months ago what did. Yeah well yeah what it was a month ago in our poll he was up three point again that was a close race also he was leading. Popped forty war 241. So Hillary Clinton gained four from what one to 45 trump dropped one. What practiced 44. So that's that's where where. What do you see is there any down ticket damage being done in North Carolina. You know it's not not really. We've got we've got. Richard Burt I mean other polls and as a jumping around that incumbent senator Richard are Republicans and we have leaving. A Democrat Deborah rust by four points forty to 36. There is a libertarian on that ballot but the change on our was getting 6% and another 60% were undecided so. I am decided in the US senate race a little credible warnings on what being comment. To be just 40% but in in the pulley at least right now he seems to have a slight edge. They've one thing that stood out to me is I was going through was this pole here was one of the questions that you always ask is what is the most important issue facing the next president. And it was cures that in this one choosing Supreme Court nominee seem to come in at a much higher clip. That a lot of the other polls is that something unique to North Carolina or is that a change that you've seen in recent weeks. I think it's a change because it's been raised in the beauty in it. Has been raised in the dialogue. And also in the debate. And so when candidates. Began to focus on particular issues. Then it's a ripple effect. If it resonates with with voters but you're actually right we had two or terrorism national security but want it 20% jobs was nineteen. But choosing Supreme Court nominees shot up to sixty almost most of the number two spot so that was a significant movement again. People taking their cue from a dialogue with the candidate. David how did the storm in the hurricane impact your ability to pole. It was difficult you know we allocated. A little extra time. And we did not can this serve normally we do an even distribution Monday Tuesday went there or what do the three year period we choose. We did choose to get more root more. Complete start on Wednesday night. Last week. To give people little extra time to get drier out impacted their homes but. We noticed from the polling that this significant impact this storm as one would expect was in the eastern counties in eastern regions and we did ask a question Carl how to distort and calculated it would when you look that. The western counties. Counties did. Order other states Tennessee and so they said not at all so that was to be expected but some people at wind damage and plugged and and when you have something like that you have to count Florida. And the large calling to actually capture even distribution respondents. What where you in the field this week David. Ohio we start tonight. In our last so I'll poll we had a month ago but that was before a lot has happened. So it'll be interesting to see Powell this all comes down. Whether or not there is the same kind of slight movement Hillary Clinton not. We we switch. Also mostly about and then and also be asking questions about whether people plan to watch. The third debate because will be in the field Monday took its Marlins Wednesday that the debate is Wednesday and answer legacy of there's a drop off of interest a lot of people are anticipating. Really being glued to the TV sets torched this debate. David do you have any statistics or is there reliable source for us to check as to what the races at the house level are looking at I think it would did you say truck the Republicans have what about a forty seat lead in the house currently our right now but it's it's. Pretty messy trying to get pole and from what I've seen there David editing dad. Yeah that's it it's a good point. When we. We are polling and anything less and statewide races so you know even in New Hampshire oftentimes people stage you know there's only two congressional racists. We don't we we don't force it to where our regions and our template national district so. There's not a lot of data out but you know the gerrymandering that's been happening over the last decade or so. Strongly favors Republicans so that Iraq a lot of states. And it necessarily play. And I think that people's national committee's Democrat Republican self focused on president right now especially justice. Presidential race closes in the senate races that I think just attention span wise and resources spread it and it there there's going to be a lot of attention that it's going to be made in this congressional races in the candidates well. Survival of all pretty much on the. All right David thank you very much for your time we prefer to. David daily low post Suffolk University. Be fascinating to see the Ohio poll results. It's going to be a big one you know I was an important pretty closely over the last. Several weeks after. You know you you initially back in August he sought couldn't take it pretty significantly there. And then you actually shut truck pull back ahead in late September in early October Clinton now picking up. About it two and a half point edge still within the margin of error on a lot of polls so. It's still a toss up in Ohio at the moment and that's one that he is going to likely end up coming down to the wire. Tucker Silva with our poll question today and what the results thus far yep poll question of the day which you can cast your vote on financial change your dot com is. Do you think the assisted suicide should be legal and I'm just refreshing here. Store refreshing so let me get back to you right. They're great inventor Thomas Edison passed away 85 years ago this week. We're gonna be doing trivia about Edison and his innovations are tech's number 68680. Which modern day global digital industry company counts Thomas Edison. As one of its original founders again the text number 68680. First listener with the correct answer wins the 25 dollar gas card. That's important because gas prices have been up a little bit the last few weeks. Which modern day global digital industrial company. Peltz Thomas Edison as one of its original founders again text number is 68680. Armstrong advisory group is offering free portfolio reviews at AG we're here to help you pursue your financial goals so call us toll free at 800. 3934001. Guys the CD accountant this weekend. No no I didn't hear theater but unable did. How to do financially did pretty well actually open with about 24 point seven million. Which isn't bad for moving it only cost forty million to produce when you talk about you know the returns that you're expected to get. It'll probably end up doing somewhere around eighty to ninety million despite only costing nearly that forty million fish would present a rotten tomatoes though what is Agassi is is considered a rotten tomato but in real life means it's OPEC. Probably could be action movie you saw how long those ports on Netflix the week. Two weeks six months and weeks or months six months. You're listening to the financial exchange from our insurer match dot com studio. Making your Smartphone even smarter. Dell logo mobile lab by surging financial exchange joke and I do enjoy the food place door. This is the financial extremes radio. Network. The election is almost upon us and regardless of who wins it is certainly possible that we'll see an effect on the market hi this is very Armstrong and I'll be holding a free financial seminar on Wednesday November 16 at Wingate residences in Needham Massachusetts where all explain what changes may be coming to the economy and how they might affect your financial strategy space is limited so reserve your spot today by calling 803934001. That's 803934001. No presidential election in recent history has been as volatile as this one join me for this free financial seminar at Wingate residences in Needham mass and let me help you understand how we trump wind -- Clinton win may affect your portfolio call today because space is limited 803934001. That's 803934001. Securities -- -- securities America incorporated -- -- SIPC advisory services -- -- securities America companies incorporated Armstrong advisory group in the securities America companies are not affiliated advanced state -- has many benefits including avoiding -- -- your assets along to your -- divorced proofing your kids' inheritance estate tax reduction and possibly eliminating estate tax each -- Todd lets you know partner with the law -- of -- and -- and educates our listeners by telling them how to protect their assets from the high cost of nursing homes and this month he's offering a brand new guide called back to the -- to help you avoid this very important -- call 8668485699. To get your guide today don't put -- financial strain on your spouse if he or she -- go to a nursing home called -- for your free copy -- back to the basic -- 8668485699. You can also download it by logging onto our website at legal exchange showed dot com the law firm of -- in Dolan has been helping families protect their -- for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legally exchange showed dot com this summer is over. The kids are back in school and raring to go in this is a perfect time to reset your schedule in its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plants -- this is Jason Walsh chief marketing officer of the financial exchange radio network if you're like me -- needed to reset on your insurance policies I want you to call the insurer matching agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car for my older daughter because lord knows she doesn't wanna wait around to borrow Marc Collins sure match today at 844 and 99 matched that eat for four and 99 match and through their Massachusetts division in charter let them researching present you with information that is bound to help you I saved over a thousand dollars a year in my new deal and I know they'll try to do the same for you call today at 84499. Match or visit them online at insure a match dot com. It's not too late to get a great rate on hold mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917. To 900 that's 8776917900. Workers at leader bank dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing -- stimulus number 449250. Subject to credit approval leader bank a step ahead this is very are strong from the financial exchange did you know that once you turn seventy and a half you were required to start taking withdrawals from your IRA the problem is that many retirees don't know how much to take out of their hire a war they get confused as to where to take it from if you don't take you're required minimum distribution you're subject to a 50% IRS penalty on making available a free report about -- MD's they'll tell you how much you have to take out of your higher rate based on your age and it also explains an exception to the -- the rule as it pertains to your current employer plan called the Armstrong advisory group to request your retirement planning distribution guide at 803934001. That's 803934001. Or you can download it from our website financial exchange showed dot com. Securities offered through securities America incorporated member been SIPC and advisory services offered through securities American companies incorporated Armstrong advisory group in the securities America companies are not affiliated. The markets are still volatile. Get our weekly market recap by becoming a member of berries brigade is it financial exchange showed dot com and sign up today. They General Electric Co. counts Thomas Edison as one of its original founders. The Edison electric company. Like company merged with Thompson Houston electric company. In the consolidation. Which formed GE in the year the 1892. Winner on this question was more marine from Boston. More antics on the 25 dollar gas card to shell. Don't forget about Armstrong advisory group's offer for a free portfolio review that AG help you pursue your financial goals cultivate told three. 80393. 4001. That's 800. 3934001. Instead of your appointment today Armstrong advisory group in the securities American companies an affiliate. Larry were waiting for Netflix to report their earnings they'll report after the closing bell today. Their stock is down 2.5. Percent. Right now and it's trading. Now we've still got a very high PE ratio you know by a traditional multiples chalk it still looks very expensive what are your expectations towards Netflix and their report tonight. Yeah I mean this is a company that is still trading about five and a half times sales right now suit is trading pretty steeply. Expecting to see a lot of growth and look the last several years they've been able to do that you look at growth rates you know kind of over the last year to then you've been somewhere in that ballpark of around 20% of their growing rapidly still in terms of revenue. The question is is going to be rapidly enough to justify that valuation that's the big question that everyone has are they continuing to add subscribers. At a high and afraid especially. Given all of the competition. That is now out there. From Hulu with Amazon's stepping up its game you've got a whole lot of different streaming options that are coming on line even. You know individual. You know channels you know ABC if you go on to walk. If you go on apple TV or rogue who they've got thrown out there are you going ABC or NB CNBC sports you've got all these different options for streaming. That's what she's video game in town right they were the biggest they were the best and they did a better than anyone else. Why are they results so sporadic. Overseas. You know you look at the here. Numbers that are coming in out of Europe and Asia. And it gave article I read referred to them as being lumpy. They they're very inconsistent aid the the U that I have a good quarter in the not too bad quarters and another good quarter. Followed by three bad quarters say it just. It seems and I understand why they're not hitting their domestic growth numbers I think they may have reached market saturation. And I think the competition with the Amazon I was highly critical. Of Amazon at the beginning and I'll play at their product has come along way in a very short period of time. While Tony what do one of the biggest things that people forget is that Americans watched more TV than anyone else. We will we will only do we have more screen time than anyone else in this is reported fourteen these are statistics that are put together. Who did the easily take a quick look here these are statistics that are put together. Byes to teach them and in 2014 to two years ago we don't have data from last year yet point fourteen the average American. Watched about four and a half hours of TV day well. For a time for four and a half hours. Someone I guess now you know. If you go take a look at some of the other countries that they're trying to sell into China only watched about two and a half hours of TV day on average. France only watches about three hours of TV on average in Brazil only watched about three and a half hours so. Part of the trouble I think is that. There's only so much time that people spend watching in these other countries. And I don't know which necessarily and have dinner of the income levels like we look at it and you say well what is 910 box them like that. Well they don't charge that much a lot of these other countries while we it and a lot of the other countries it's it's a separate deal that they have to the other thing after remember the other reason you see much more sporadic growth. And when you when Netflix goes out and get the Disney library they don't necessarily get the Disney library for every country. Right okay are limited like what they show up South Korea. Is going to be different than what they have available in place you can't show frozen in China and you elected there's all kinds of problems with trying to show different content in different countries. You know you know the movie Independence Day sure you can hit show literally a lot of Middle Eastern governments refused to show the movie because it shows air countries. Cooperating with Israelis so they refuse to allow it to be distributed in their countries actually so. There's there's all kinds of little things like that affect the marketing and distribution deals that you see. And that's part of the reason why Netflix had kind of this choppy relationship internationally is just because. ET you know week we tend to think of media is being this. You know single entity but he has different rules in different operations in different countries and it's very complicated to deal. Tucker we view with the advent of Amazon would you consider canceling your Netflix account. No I wouldn't because I think Netflix. Their content is pro the best there is out there. There are original content my wife and I talked about this as you can cancel your Netflix account very easily where you come back in sixty days or thirty days after two weeks I've thought about it. Right and and we'd been watching something on him is on. We watch Netflix and probably six weeks the only reason we have been canceled it is our kids. Marie you know yeah they did you know what any fine users are at any time chuck once yeah I do it by the end they're all very active. Any time chuck wants to talk to his mom are just cancel the Netflix calls is that you must have told the new password. Yeah so at this point I exit the other days so my mom and dad are on in my fiance is on it now I have a second cousin who hasn't helped protect them every literally. I'm going to have the time I try to go watch something it's his you can log on because they're too many people watching elect. One paper this thing you've got to go he got a city cousins five and she gets priority over. For me you you need to upgrade your subscription. Go to the five user packet to cheap it's Italy an extra two dollars I'll not do and that's I think anybody buys them the eat because we've talked about that within the last three weeks does Netflix get acquired. I mean it's an expensive per now there's a price 42 billion dollar purchase if they if you can get it for 2.5 billion then somebody would buy big deal with the stock price has behalf of this to be able to get the point. You're financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets are friends that the insurer match agency. Can prepare a personalized plan he gets you the best coverage at the best price call insurer match at 84499. Matched that the 844. 99 match many of our listeners own Holman one or two cars if that describes you you're the perfect candidate. For free consultation to make sure your property and family are safe and properly covered. Will also dig out all the discounts preferred customers like you can qualify for. Call insurer matched to compare multiple rates and carriers city four for 99 match that the 84499. Match insurance insurer match works of the leading carriers in the industry like our ballot. Plymouth rock and more their license for all types of insurance and they can save you time stress and money with just one phone call in one relationship. Call today 84499. Match or go online at insure a match dot com. So I saw the story and I almost couldn't believe it. Samsung. Has been self testing the batteries in their galaxy note seven meaning. There you know there there's a rule that you're supposed to use an independent testing authority to check the safety of your batteries they haven't in music. Well they they have been using a eight facility that is approved by the US so it's it is there'll facility which. I look at this and and as this unfolded over the last couple weeks you may remember that I said look this seems to be MB. Not necessarily that they're trying to do this but just incompetence this confirms that they can't test their phone properly you know that. I don't think you're the CEO we need to say yeah we're gonna fire those. Hundred people whoever loves it testing division Don we're going to watch at this somewhere else because there's 28 other companies that do this right. It's no other company has had a problem with exploding phone now so it you know at this point the easiest thing for Sampson to do is okay. Our battery testing division. Don you you guys clearly have not been able to what to do what you need to do here. And we need to start outsourcing this to someone who's able to properly do their job because they simply not been able. To get it right on this I mean you had to cancel a production of what's supposed to be your flagship phone. And oh by the way the Samsung galaxy note seven. Is not allowed on any your theory could you know. Beat for awhile for awhile they let him back on. Maybe he said well we've solved the problem there's a weaker to Canada the guys aren't cancer or fire a love it started oil company. The answer it blowing up this is maybe too strong work BI. Where you guys' pants horrified there's got to do and spontaneously combine to mean it's not wrong to say that there. You know that all the Sunnis there and what's a little warm in here you know yeah there are. Coming up we'll be joined by Gretchen erupt we're going to be talking beer Gretchen about a mutual fund. Grab a pencil and paper mutual fund talk is up next withdraw but Gretchen rock. For Morningstar from our insurer match dot com studios. Mean chuck you've got to play into extra age on the financial exchange radio network. This is very Armstrong from the financial exchange did you know that once she turns seven and a half you were required to start taking withdrawals from your IRA the problem is that many retirees don't know how much to take out of their -- war they get confused as to where to take it from if you don't take you're required minimum distribution you're subject to a 50% IRS penalty on making available a free report about. 803934001. That's 803934001. Or you can download it from our website financial exchange showed dot com. Securities offered through securities America incorporated member of been SIPC and advisory services offered through securities American companies incorporated Armstrong advisory group in the securities America companies are not affiliated. Advanced state claiming has many benefits including avoiding -- passing your assets along to your bloodline divorced proofing your kids' inheritance estate tax reduction and possibly eliminating estate tax each week Todd lets you know partner with the law firm of -- dole and educates our listeners by telling them how to protect their assets from the high cost of nursing homes and this month he's suffering a brand new guide called back to the basics to help you avoid this very important factor call 8668485699. To get your guide today don't put added financial strain on your spouse if he -- she -- go to nursing home call now for your free copy of back to the basics at 8668485699. You can also download -- by logging onto our website at legal exchange showed dot com the law firm of -- in Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legally exchange showed dot com. Hi everybody very Armstrong here from the financial exchange and I'm joined by Jake tool who's a senior vice president and leader bank. And leader bank has an exclusive. Program for those of you who are landlords if your corrupt collecting rent from one attendant for a 101 tenants. He ran it might be something that you want to look into Jake talked to us about zero how long has it been around. We've been offerings he ran for almost two years now two years and his have been successful it's been extremely successful we've. Offered its product to really target our landlords who are still collecting checks in paper form in this teenaged. And the purpose of zero needs to really bring everything on the line between electronic but more importantly. Had to be said it and forget it so what's a landlord has their tents set up. And really there's nothing that needs to be done until the leases over. The ranks is automatically drafted from the Tenet's account can you choose the date of the month is it always the first of the month or could it be the fifth there. That's a sign attendant on the fifteenth to to be the fifteenth of every month yup absolutely so landlords that's the initial date. Whatever day of the month that is. It'll be the same date every month that'll be collected how much does it cost the landlord to set the sell off so it's absolutely free if the landlord banks with us OK so if you're a landlord and you have your bank account leader banked you get this is you rent service for fully get for free. That's you have a bank account elsewhere will still provide a service for small monthly charge. And if you ever decide to move your bank relationship over will waive the fees so it's pretty pretty simple it's pretty cheap. And it's a great product are landlords are absolutely loving it. Love it all right it's called see rent and the website for his www. Zero rent dot net. Or you can call leader bank get 8776917900. To learn more 8776917900. Collect your rent electronically makes an awful lot of sense to me the phone number again 8776917900. Or visit. Zero rent dot net. If you missed any part of today's show not to worry good financial exchange showed dot com and click glisan. Then click on demanding catch up on every segment. You'll also find podcasts of all of our poll shows just punch up better listen button had financial exchange show does come. On Mondays we talk about mutual funds and try to give you some. Solid investment ideas today is no different chuck. Yet they were joined by Gretchen rough from Morningstar. Gretchen thank you very much for joining us today. Rich were talking today about the American century Equity Income Fund talked to our listeners about what this fund's main objectives are. That this. And at this point capital preservation and again as I've been in the last thing typically a lot about half as much as that's possible 3000 value index during downturns and not as high quality dividend and knocked and that cost. Well about a fifteen to twenty that an allocation. To convertible securities which helped to camp in the front volatility. It will lag and rallies those those investors sometimes that's a look at the fund's bank. But if they had been doing well a year to date and it will be closing in new investors as of October 20 or. With the fund like this obviously you mention that you know it it typically buys. A number of dividend paying stocks what's the yield on the how much income does generate today. You know it does it's not the highest income generator at the low over tipper and he doesn't Chase Field Phil Davidson has been that it managers and 1990 is. And T and at last and we company beat her and knocked urged sample because people pay too much real. When it comes to their overall selection to they have a a certain out process that they typically go through for buying stocks. And they haven't screen and they typically cheers from about 500 stocks that are there and take. Meet their screen based on quality. And stable revenues stable dividends some of their longer term holding their Johnson and Johnson and Procter & Gamble. And then Belle island as the other favorite spot. Gained in price stable trend along the way. That they do have a core grouping has stopped that had been assigned first couple years. How many holdings do they have in the fund. And a hundred. OK so that they're not as diverse as some of the funds that have you know 200 to 250 companies in the okay. And in terms of what it cost investors to own this how much to await what are we paying and expenses typically. Al and I. Okay so little bit less than 1% and when you look at a fund late this they've it sounds like is this a a solid core equity holding for investors that how you would typically see this used. Correct this is large value and it it is booked solid core holding. Who what do you see this as being most appropriate for. Well because it does pay dividends. It would be most attractive and they non taxable account. And if you are concerned about the tax consequences. Dividend. Ask them and for somebody who is looking to preserve capital and not really built for. Most volatile largest return when markets rally. Then you mentioned that the fund is going to be closing on did you say October 24 about a week from Derek. Cracked it has closed in the past and when the flag and markets and masters 810 Q. With drop Germany which they've done over the past couple of years. But it has typically close they manage about thirteen million dollars and the strategy currently. Very good Gretchen thank you very much for joining us today. Oh Gretchen erupt from Morningstar the ticker on the fund is TW. EIX that's the American century. Equity Income Fund earlier in the show we brought up the issue of assisted suicide. It is a legal event in Oregon and it's also legal in Vermont. And in org and I'm going from memory here but last year there were more than 200 assisted suicides. That took place in this is simply. Somebody who's. You know got a life ending disease. They're in pain. And they are permitted to take their own life through the administration of the drug. And we asked you that question that was our poll question of the day and there's a lot of factors that go into that decision you know I I've I've brought up. The financial issue that he it will Steve. Insurance companies like Medicare and Medicaid Tucker it's gonna save them. You know 5200000. Dollars per patient when somebody does the absence of assisted suicide which. Interestingly. One of our listeners brought up as being a negative associated with a because they said while you know. With what's gonna happen is you're gonna be all the sudden that threshold for assisted suicide will start to reduce if the cost of care becomes too hot. And that's a good argument and it's a good argument but I would love to have you partake in our poll do you think assisted suicide should be legal. Tucker award are the results thus far because they sure changed the results so far on our poll question on financial change your dot com. 61% saying yes and 30% saying no. We're being asked if we can talk about you VI universal basic income we've talked about this in the past track and he you know with the advent of some of the technology. That's being introduced. Not only in the United States but around the world there is a thought. That you will need universal basic income. For people because there won't be enough jobs to go around in order to support society. Yeah it's it's something that has been discussed the Swiss actually had a referendum on it on the last year did not pass over in Switzerland. It's something that I think you go to continue to have more discussions about. As we continue. Through the next five to ten years because I do think that in particular. When you talk about automation I think the effects of that are going to happen. Pretty rapidly and I just don't know if we are built to watch changed it to define new jobs that rapidly in new industries in that way you talk about technology rated like the most obvious ones would be. Warehouse workers right be that that's one where we think there's going to be potential I don't know jobs lost I don't know I think with with warehouses what I think is going to be the more likely option is what you see Amazon doing where. They are certainly getting rid of some workers but. They are still maintaining workers along side robots in all of those facilities so I think that's something. But they have one in in Rhode Island there in in Fall River, Massachusetts it's right on the Rhode Island or governor. It's a quarter mile walks I just what you think about a warehouse that is a quarter of a mile long. You'll have 500 workers and but what they're doing is the using the robots to get things and then brings so workers stationary is opposed to walking ten to fifteen miles day. So I think universal basic income it's going to be something that continues to be discussed I think it's very unlikely that you seat in the US anytime soon just I think there are. A number of structural problems that he'd have to deal with the meat if you're talking about adding that kind of expense you've got to completely reform Medicare Medicaid Social Security. You have your talk about news giving people things to change that. It's helicopter money right is just basically. Universal basic income means that there's no more welfare there's no more unemployment insurance there's no more Social Security disability. But everybody gets a check for a thousand dollars a month would he have a job or not yet check for a thousand dollars a month or maybe it's to eat I don't have the dollar whatever whatever you end of millions of being. It but everybody gets a check. And if you choose not to work well then you live at home on your universal basic income. If you wanna go to work well then you're making your universal basic income plus whatever wage you can derive from your efforts. But the thought behind it is at least my understanding of it was. The thought behind universal basic income was that there weren't enough jobs to allow people to go to work everyday. For the lower end like for the bottom I don't know dot bottom third of society in terms of skills and education. Yeah I mean it's the it's going to be something that is going to enter. The national conversation more and more over the next couple years. Again I say I'd say the window is probably a ten year period time. Because the the rope. Because of the advancements that are being made in robotics I just don't think you see it actually you don't think there are these those advancement so hopefully the integrated I think you'll see those advancements I don't think you'll see universal basic income well we'll see what happens. Poll results so far 5841. In terms of do you think assisted suicide should be legal let's 51% in favor. You're listening to the financial exchange. Amare insurer match dot com studio. This is very are strong from the financial exchange did you know that once she turns seven and a half you were required to start taking withdrawals from your IRA the problem is that many retirees don't know how much to take out of their hiring a war they get confused as to where to take it from if you don't take you're required minimum distribution your subject to a 50% IRS penalty on making available a free report about our MD's that will tell you how much you have to take out of your diary based on your age and it also explains an exception to the R&D rule as it pertains to your current employer plan called the Armstrong advisory group to request your retirement planning distribution guide at 803934001. That's 803934001. Or you can download it from our website financial exchange showed dot com. Securities offered through securities America incorporated member finger SIPC and advisory services offered through securities American companies incorporated Armstrong advisory group in the securities America companies are not affiliated. 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 dollar 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 call right now 8776917. To 900 that's 8776917900. And you can lock in to this great offer 8776917900. Or visit them online at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. 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The summer is over the kids are back in school and raring to go in this is a perfect time to reshape your schedule in its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plants by the Jason Walsh chief marketing officer of the financial exchange radio network in if you're like me and needed to reset on your insurance policies I want you to call the insurer matching agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car from my older daughter because lord knows she doesn't wanna wait around to borrow Marc Collins sure match today at 844 and 99 match that's eat for four and 99 match and through their Massachusetts division in charter let them researching present you with the information that is bound to help you I saved over a thousand dollars a year and. Here are joined by Todd what's key from the law firm of Cushing and Dolan and we're talking about the basics of estate planning. Todd I've heard that if you don't have a trust in place a married couple worth two million dollars. Could end up gifting 100000. Dollars to the Commonwealth of Massachusetts. Is that possibly true. And not only is it possibly true I think it's. It's a fact I mean an end basically that the reason that is folks as. Because you have a million dollar exemption here in Massachusetts. And that means that I can leave a million to someone other than a spouse and my spouse can leave a million to someone other spouse and there's no tax. But when you have that simple will in place that leaves everything to my spouse when I die and you think you don't have anything else to do well. I die I pay no taxes my wife pays no taxes but my wife now has. Two million dollars for example it got so she's got everything that we had together. Well when she dies as in two million bigger than one million. Her exemption as one million. My exemption is lost is wasted so now that two million dollars is gonna be taxed and in Massachusetts state tax on the whole bowl. Not just the amount over. And attacks on the whole boat in two million dollars in Massachusetts is. A hundred brands such a voluntary tax like you say you're making a gift to the commonwealth you put together that trust whether they be regal couple folks or irrevocable if you wanna add nursing home protection at the same time. These trusts will shelter. The million dollars purse by house thereby eliminating. Your state tax or your gift to Massachusetts that's an example of what is covered in this month's guide it's called back to the basics 8668485699. It was created by Todd what's key in Cushing and dole and 8668485699. Call now and get your free guide back to the basics. 8668485699. It's not too late to get a great grade and a whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. That's 8776917900. Or visible leader banks dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Hi I'm at a London and appear worried about your character Loveland living alone like I was. And you are reliable senior care information and call a place for mom. The nation's largest senior living referral service you'll get free information on assistant living in alzheimer's care nursing home even important financial. Information that they had obviously breeze searched every place not just given me is. They Downey plays for which he could afford and it was magnificent. Where now very confident that she's safe and they just helped every step of who. I so if you're struggling to find reliable senior living information call plays for mom this is a free service and you can track them to help. If you struggling to find reliable senior living information for your mom or dad didn't call or go online to get that we help you need during this turbulent time call now 804. 677538046775. 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 by Mexico felt secure and they paid interest this encourage the virtue of thrift savings but today. Bank accounts paid virtually nothing. And it shifted from lower risk. High risk for example did you know your money deposited in most US banks could be subject to limited withdrawal. And even confiscated by existing executive orders over here that's. And that's just the first of nineteen risks explained in a new 32 page white paper entitled don't bank on. Still think you're bank deposits eight. Yet this vital new white paper now call toll free 80519671. That's 80519627. You want whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 877691700. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value. Leader back a step ahead fight your favorite news photos and sports updates on your phone with a AT mobile from the Associated Press AP mobile where the news gets its news. This is the financial exchange with Barry Armstrong and chunks of yeah. You're exclusive look at business and financial news affecting your day your city your. World stay informed and to date about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chunks. Earnings season began last week with Alcoa. Disappointing I believe that was on. Tuesday this is really the first good full week of earnings. Peak earnings will be next week not me not that. Highest earning companies that the the biggest week for earnings announcements will be next week that this week not a bad week for earnings. The Dow based on what we've learned so far the Dow was down fifteen points the S and the is down one hi everybody it's variant truck with you here. And I don't know it's. This earnings season chock. The last one before the year election last one before the end of the year and I wonder if this earnings recession as are Larry Cutler first it continues. Think we've got maybe one maybe two more quarters left and then next I think you start to see a bounce back is the biggest things. Biggest sectors that have dragged down earnings the last couple years. Energy materials those have been the two weakest areas. When you look at what's happened energy profits materials profits they've all but evaporated. For most companies out there are so I think you know once you start to see a little bit of growth in those areas which I do think you're probably getting close to that point now I think first quarter next year. Is probably where you start to turn the corner and I think you start to see some legitimate growth out there I hope so. You know I I'd do just because those have been you look at what's happening the economy the last two years and the biggest thing you know we've we've you've talked. What about that trillion dollars that is come out of energy and asked him. That's my that was going to be spent on plans to money there's gonna be spent on job it's my that was going to be spent on equipment. None of that has happened so. Finally get that in Canada backed the rear view mirror OK and then I think you're able to say okay. Now we're finally starting unit we're going to be able to see. So some some real growth. Happening she what I am afraid of track is you know you get to 8 January of next year in you have an administration that wants to continue to punish well. You could have a further slowing down of the economy that's what I am deathly afraid of VC. Oh what we need in my estimation as we need to lower tax rates. And we need this money the the two to five trillion dollars at sitting overseas we need that come back to the United States with lower corporate tax rates. I think that you're going to likely see I I understand that Hillary Clinton is talking about raising taxes but she needs a democratic congress do that and I don't see that happening. I hope that today there's another point that I hope your record on if he lets talk about freight rail traffic and when you look let me just share and that's what you. And talk about trains and how much traffic mere facilitating. Total US rail traffic freight rail traffic as measured in carloads and intermodal unit. Fell six point 1% in the week ended October 8. From the same week last year that's huge decline in rail traffic. And that's part of what's making me nervous as we head into Christmas it is a big decline the vast majority of it is due to two reasons one is the continued decline of coal projects let's. He is it that much of the coal. In terms of the decline that you've seen their camp. Oh yeah I mean you you talk about coal production in its you're talking down 20% year because the the and you've got a lot of these coal fired. Electricity facilities electric plants that are being shut down. Shut down or converted to Nat gas which a lot of that is transported via pipeline turn instead of via rail so. That's something that you seeing there another big thing is that you are seeing continued declines in oil shipments okay simply because we're not producing as much oil you look at the production on and on a daily basis now. We're down somewhere in that eight and a half million barrel range we used to be doing ran nine and a half million so that's an awful lot of production that's come off line from an oil perspective. And that's been something that's affected this is well so. I think those are two areas obviously. You know you talk about exports declining that's something that is factored in here is Wheldon but the two biggest culprits I do think are likely Cole and I think energy is really the biggest one how about the. You know. The you'll learn something new every day. And at the financial exchange or try to bring things to your attention you might listen to a since they are very hard news that I did notice. Vertex Pharmaceuticals. Which is a New England based company to be specific they're headquartered in Boston Massachusetts. There I'd. Really big drug companies are affected stocks trading at about eighty dollars a share and they carry twenty billion to be exact. Twenty billion dollar market that's a big cap company large cap company. And I saw that struck and I said why in the heck. Would aid Vertex Pharmaceuticals. Received an upfront payment of 75. Million dollars. From the cystic fibrosis association. They did did you read you did you already know about this boy I didn't know about it but what raises what's what. Talked about what you well. I think of the Cystic Fibrosis Foundation wars the cancer foundation. As being these nonprofits. That we. Donate money to write but I never really knew what happened to the money that we don't need it. To these organizations it turns out what they do. Is there. There effectively. One dollars of our our of our charitable donations. And then they'll go to a company like Vertex right and that's what happened here. They go to Vertex and they say here will give you 75 million dollars or we'll give you six million dollars a year to work on a cystic fibrosis drug. But then we want a piece of the action on the tail and what gives them lower rates that they can charge two people on the back and really see a problem I don't I just didn't know that it worked that way it's likely it let's they'd they'll give for Vertex 75 million dollars. And then. As wave of company it's almost like an investment as opposed to a donation ready it's pretty much what will give you this money up front but on the back and you need to save our patients a certain amount of money in order to make the drugs a little bit more affordable and you need to make the drugs better. Right illegal we wanna help fund research and development towards her I just didn't I wasn't aware that this is how a lot of drug research occurred I thought. I thought drug researcher Kurt. And is occurring you know a lot of it occurs in New England did too big hubs in New England. Three so it would be New Haven Hartford. In Boston came up. Are are where a tremendous amount of area rug researches done I think there are 400 companies just insider route 495. But it eerie. I I thought you know venture capital money came out of the woodwork turns out a lot of this money is coming out of charitable foundations then. Lucky you would figure if you have the best and brightest that our working at these companies if you you would want to get resources into their hands I know probably. You know probably sounds like you satellite made charitable donation is just going to have some some company. Well if you think that the best and brightest are working at those places you wouldn't you want to get resources. To them in order to the. Oh adds absolutely I like it when I read about the story in and that and not casting aspersions here I'm just saying how ingenious. You know you see you receive. Vertex a private corporation twenty billion dollars very profitable than you know the executives make an awful lot of money which is great. You get 75 million dollars and the Cystic Fibrosis Foundation is receiving basically cut of the action if you happen to. Create a great drug with the money that they donated to your cause I just think it's. Yeah it's it's it it's a roundabout way of accomplishing a goal by the way Vertex shares I don't know if it's on this news. But there are ups 73 cents at 79 dollars and 96 cents per share. They weren't talking about Ford. When we return these guys though it Tucker you know wherever and afford inaugural and one W truck here you know by your folks forward they'll. At the Ford F 150 pickup truck I should say. I bought one and my son drives as that other got to get accurate if I get to use it periodically. But. Make they make a great car we're going to be joined by Christina Rogers from. Wall Street Journal or be talking about four because Natalia eight with what's the stock doing right now in Turkey people for a yes. Order Ford's been struggling a little bit over the last year it's down about 15% year to date actually. It's it's really struggle just to generate. The kind of investor sentiment that you want its its sales have actually been doing. Very well over the last couple years here if you go take a look at the annual data. They saw about a 4% bump in sales from 2014 to 2015. But the stock unfortunately just hasn't been. Moving up. It hasn't and they have a new CEO. The CEO forward. Is a company a felony mark fields and he hails from New Jersey he's been with the company long time and he turned around operations in Europe and was quite successful there he took over. For Alan Mulally. And it's still early to judge that I'm not saying the failure you throw the baby out with the the bath water but. Then a couple years the stock has not performed very well what is his vision what is this the future of work. That'll be talking about with Christina Rogers from the Wall Street Journal next from our insurer match dot com studios. Battery and -- Cilic is yeah this is the financial exchange radio network that Vista state claiming has many benefits including avoiding -- passing your assets along to your bloodline divorce proofing your kids' inheritance estate tax reduction and possibly eliminating estate tax each week Todd lets you know partner with the law firm of -- dole and educates our listeners by telling them how to protect their assets from the high cost of nursing homes and this month -- offering a brand new guide called back to the basics to help you avoid this very important factor call 8668485699. To get your guide today don't put added financial strain on your spouse if he or she ST go to a nursing home called -- for your free copy of back to the basics at 8668485699. You can also downloaded by logging onto our website at legal exchange showed dot com the law firm of -- in Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legally exchange showed dot com. This is very Armstrong from the financial exchange did you know that once she turns seven and a half you were required to start taking withdrawals from your IRA the problem is that many retirees don't know how much to take out of their hiring a war they get confused as to where to take it from if you don't take you're required minimum distribution your subject to a 50% IRS penalties are making available a free report about our dvds that will tell you how much you have to take out of your diary based on your age and it also explains an exception to the R&D rule as it pertains to your current employer plan called the Armstrong advisory group to request your retirement planning distribution guide at 803934001. That's 803934001. Or you can download it from our website financial exchange showed dot com. Securities offered through securities America incorporated member Finneran SIPC and advisory services offered through securities American companies incorporated Armstrong advisory group in the securities America companies are not affiliated. This summer is over the kids are back in school and raring to go in this is a perfect time to recheck your schedule in its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plants -- Jason Walsh chief marketing officer of the financial exchange radio network -- if you're like me -- needed to reset on your insurance policies I want you to call the insurer -- agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy and a brand new auto policy that included coverage of a third car from my older daughter because lord knows she doesn't wanna wait around to -- Marc Collins -- match today at 844 and 99 match -- eat for four and 99 match and through their Massachusetts division in charter let them researching present you with information that is bound to help you are saved over a thousand dollars a year in my new deal and I know they'll try to do the same for you call today at 84499. Match or visit them online at insure a match dot com. It's not too late to get a great rate on hold 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 at leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo 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 877697900. That's 8776917900. Or visit leader bank dot com. Minarets PSE equal housing lender and MLS number 449250. Subjective credit approval leader bank a step ahead. Stay on top of breaking financial news by becoming a member of club carries per game blog on the financial exchange dot com and sign up today. Ford's stock by the way. So in and around eleven dollars a share we're joined now by Christina Rogers from the Wall Street Journal she wrote an article about four. I it intrigued me and I invited her under the program she's gracious enough to join us now hi Christina RU. But do so tell us about mark fields. If mark fields excuse me and his vision for four what are his big planes. Well I think Burke of patter of little history here at art field. You know is expecting you know at its current which the company has basically saying. Aimed at or one form of restructuring or another for the last decade and that was. Kerry by his predecessor Alan Mulally. And largely linked each step in the couple head can really turn the corner. Crop and it record profits eat and and market. Market looking at the future of the is that a lot of things here are our. It quickly changing his new and it's Silicon Valley companies that are coming in and trainer redefined our is that. And more is trying she's which as you describe the ball with a little strategy you. To look beyond just the core business of building and selling cars and getting new kind of ventures like. Right Ernie. Cars sharing and other modes of transportation and that. Move beyond you know personal car owners. Mean that he's quitting. Four and the dual track and acts you're gonna continue to spew. You know. Helen build cars which is where they make our money will be neat for the foreseeable future but that can enter into what they call it transportation service says. And it looks like what cougars ranked. Right now Kristina let me ask you about that because I'm trying to. He is he envisioning a future where individual car owner ships starts to go way over the next 102030. Years. Well yes and in the something that's been talked a lot not bored by all the auto makers didn't worry and they're scary. Worried that with the rise of the vehicles that. Essentially. You know he rowboat. He leaves will become so popular. That people say hey. I need a cart in nineteen call you know rowboat the picture affirming you're sure now I mean. Of course the technology's. Always. I mean. You know some analysts say when he tried it and content from say five years that we don't exactly know how. You know how that intentional become but there's a lot. You know entering in the auto industry dat dat eventually. You know consumers were at a point will there be enough alternate his personal car ownership seniority he's gotten a meter. You know Christina some critics. Of Ford and specifically of mr. fields are saying that he lacks a cohesive game plan. Is that the conclusion you came to when you finish doing your research. Well I mean yeah I talked to a lot of inventory and a lot of like. Investor's. Portfolio managers about this question and I think that and art and see now in Hamburg court. Laid out there. Where they Atlantic. But it a lot of what they it is. Said OK here you're kinda. Market or targeting. Revenue and profit so there. I I think boy. With black bull and what I've heard from a lot of analysts in bastard is concrete roadmap to getting there. And I think when I report about the state that yes I mean there's still. You know the market for these so called transportation services they call the mobility there but. No legal. A little bit eighth. And it's kind of like a moving target and there. We need to start thinking about the things we need to think about the war future but where exactly and and we're still trying to figure that Al. You know yes I mean end they've talked about and now Eric there's a lot questions. Right now that they got their die he. You know in some respects not why the market cap back. Christina. As it relates to mr. fields he's been there just a little over two years but the stock has not performed well under his guidance. How much longer will the board give him because let's face it the board of directors. Is appointed by major stockholder right if if I owned if if fidelity probably owns a lot of shares of Ford vanguard would a lot of shares are forward or a hedge fund private equity firm they're gonna own a lot of shares of fort. They can't be happy that mr. fields from the standpoint. Of the stock performance has not done well. Well I mean of course I that there aren't certain when he. Yes there neatly under under deal and it almost an accurate because. Toward his booked record profits. Under field. It global markets here at oak tree and it core auto business need a lot of it right and and and it seems like every and they announced. You know record profits that and I think that reflects. More are. Among investors about the higher as actor and you know. We had a really really help robot rebounds and passionate but it. A lot as a deal that oil is now he. You know last year it was record and then I million. New car sold in the U Latin and right now at this point ails our. Relatively strong but they're they're not. At last year's so there's a lot. Spreading that that profitability in the industry has. And acting better and that is picnic yet. And I think that war why pastors feel the weight they you. Ali and as mark has rolled out then how are meant to generate some excitement of you know what is beyond but I think right now the market. So concerned about your current Otto. And then not only Ford which ends in as well. I agree I agree Christina great job super research thank you very much for joining us. Christina Rogers Wall Street Journal let let me just give you the basics on the stock because you know I'd almost think I'm making mistake is that regents it. Caught a twelve dollar stock it's eleven dollars and 94 cents a share. Traced earnings ratio five point 621. Dividend yield five point 04%. The Wall Street does not like the stock in you could say the same thing about General Motors. Yeah I mean the big question is that you have as you know as Christine mentioned. It's not so much where they are today it's questions about where the auto industry is going in where Ford's place is. In that industry going forward are they going to continue to be able to be a high volume manufacturer. That is able to produce. Profits the way they have in the manner in which they have because. If the auto industry changes which it's going to now. Are you know how how did they react to a situation. Where. People don't need to buy a new car for themselves. Every eight years you know what. How how they function in that type of scenario that's really I think where the question is for a lot of these ought to. Gotta make you wonder about the auto dealers as well. Ya I look at the the business of being an automobile dealer yup let's say you owned jet like Warren Buffett has been buying up. Chains of automobile dealerships like you go in and a camera of the name he bought a bunch were in Arizona in the southern part of the cute couple hundred right. He owns me I don't know the number right I confessed but like why would you do that because you're sick I'm saying to myself. TV this business model is going to change maybe. Made you Warren Buffett is seeing is that these dealerships become massive hubs for car repairs and maintenance and that girl Rogers are largely going to be left them. You know you you won't have. He car in every garage innings where you have fewer cars you might have one family cards used for long trips up the year everything's gonna be done on a commutation. The the regular service that you think of we're moving to a more electric car future. Lot of that service goes by the books also you know you don't need oil changes just need tires and brakes and so forth but those are things that your place third thirty or 50000 miles posed every 7500. He raised a good point as a matter fact renewed talk about electric cars when they return to stories. One about how they're gonna dominate the roads of wealthy cities by the year 2030 and another about Toyota they're coming in a with a new plug in hybrid. That's all coming up from our insurer match dot com studios. You've got to barrier and strong financial exchange on the financial exchange radio network. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917. To 900 that's 8776917900. Or visit leader bank dot com member of. The SE equal housing lender and MLS number 449250. Subject credit approval leader banked a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and Miller is number 449250. Civic credit approval leader bank a step ahead. Hi everybody very Armstrong here from the financial exchange and I'm joined by G-8 tool who's a senior vice president. At leader bank. SBA loans. Boy they've been around for awhile but not everybody takes advantage of them and very few people know how they work. Thanks very yes we we to a lot of small business lending its leader bank. Where preferred SBA lender which really means we can maker decisions in house and you quickly within a couple weeks good. So we've been very active because a lot of small businesses have been growing in this economy so for example we have a special right now. Which is small business loans up to 50000 dollars were offering a fixed rate of three point 99%. Fixed for four years and no closing costs. It's been a very popular product but more importantly we're really helping small businesses who need it grow and expand their business. There's a lot of uses for the small business loans I give you a couple of examples so recently helped the restaurant and Cambridge that was. Doing so well they actually need to expand in the space next door. We help them local law firm. Who need a line of credit to help expand its business sure we helped a young local trucking company by a couple of new trucks. Because they are expanding it so there's a lot of differing UC is there's there's really no limitations on its longs for a good corporate use but it's 50000 dollar you pay it back over four years except he interest rate is three point 99%. Exactly. With no closing costs it's a pretty attractive program and it's our way to Kenny work with the local community and build small business relationship. It's very good folks that's. SBA loans. Call them all free 8776917900. Three point 99% to pay it back over four years. 8776917. To 900 poll free. 8776917900. Or check them out online at liter bank dot com. Advanced to -- claiming has many benefits including avoiding -- passing your assets along to your bloodline divorce proofing your kids' inheritance estate tax reduction and possibly eliminating estate tax each week Todd lets you know partner with the law firm of -- in dole and educates our listeners by telling them how to protect their assets from the high cost of nursing homes and this month he's suffering a brand new -- -- called back to the basics to help you avoid this very important factor call 8668485699. To get your guide today don't put added financial strain on your spouse appear -- to go to a nursing home -- -- for your free copy of back to the basics at 8668485699. You can also downloaded by logging onto our website and legal exchange showed dot com the law firm of -- in Dolan has been helping families protect their acids were more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legally exchange showed dot com. The summer is still. Are the kids are back in school and raring to go in this is a perfect time to reset your schedule in its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plants I this is Jason Walsh chief marketing officer of the financial exchange radio network in if you like me and needed to reset on your insurance policies I want you to call the insurer matching agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car for my older daughter because lord knows she doesn't wanna wait around to borrow my call insure a match today at 844 and 99 match that's eat for four and 99 match and through their Massachusetts division in charter let them researching present you with information that is bound to help you I -- over a thousand dollars a year in my new deal and I know they'll try to do the same for you call today at 84499. Match or visit them online at insure a match dot com. It's the financial exchange at your fingertips as well. Thanks to 686 they need it the financial exchange on the financial exchange radio network. We play trivia every day on the financial exchange and here we go we're doing trivia based on. The great inventor Thomas Edison who passed away 85 years ago this week. In which city in New Jersey in which New Jersey community did Thomas Edison construct his research laboratory. Our text number is 68680. 68680 S attacks number in which. Mean New Jersey community did Thomas Edison construct his research laboratory. Armstrong advisory group is offering free portfolio reviews at eighty AG we're here to help you pursue your financial goals so cost to all free at 800. 3934001. Electric cars will dominate the rows of wealthy cities by the year 2030. I'll tell you where electric cars are gonna really take hold and that will be. In Asia. That he because they air quality in Asian cities terrible is just. Right if it's among the worst like if you look at the ten worst cities for air quality in the world. I would be willing to bet that 8090% of them are in Asia. Well let's pull it up actually we can actually find the cities with the worst air pollution in the world I know soul Korea's release that. Let's take a look here on number fifteen has come port India now we've got a couple won in China and Saudi Arabia Saudi Arabia India in the China China Cameroon India. India Saudi Arabia Saudi Arabia. India India. Iran if you wanted to wipe pollution is a problem it's not because of what we're doing here in the United States he's developing markets right India. And China but it's getting to the point chuck where people are dying. In those cities Aaliyah and you're dying from air pollution and in particular I went to while Mumbai once a couple of years ago for a wedding how was. Well what's interesting you can't even really see the city I don't know what the city looked like because there was so much mall in junior find him. You can see what we are flying in mostly like it twilight and dusk and stuff so I couldn't see a ton that way but when you're actually in the city. There's no buildings you know necessarily all around it's a tall buildings everywhere. But you probably couldn't seem more than a mile and how long were you in the stadium. Four days did it affect you physically did you notice that make it the on your lungs are equally felt it was hard to separate out what was jetlag and what was. You know bad air quality but you definitely didn't feel great but I couldn't tell you how much was just due to jet lag of you know up eighteen hours flying in order to get there you know he. A lot of it's gonna depend on how quickly battery costs come down but I didn't notice that we share stat if you. On lithium batteries which are what. Are used currently for powering cars prices dropped. Around 1000 per kilowatt hour in 2010 to 350. Per kilowatt hour just five years later and 2015. And there's a new type of battery were trying to get them on as a guest. It's called the graph theme battery have you booked and integrity success keep trying because they gave it a new battery technology. Chuck that is twice as effective effective and half the weight. Yeah admitted that the big thing is always about the week you know because if you you can certainly can have a battery that's twice as new stores twice as much capacity but if you can't discharge it quickly enough and need more of it in order. To watch you know actually make it work out and all that weight just makes it more difficult to move the car so it's. You know you kind of trying to play around with these numbers and say OK what's the you know the the lowest weight but the highest battery capacity we can get to. Not to to find that sweet spot that works. And it's been difficult daily it really has a mean you still have yet to have a mass market vehicle that is breach 300 miles on a single chart. And affordable. And affordable the exact that's the the the big issue. Dijjer debts to have his plug in Prius he got rid of the the Prius C now has a camera Coca married because the Prius came out when they plug in hybrid. And I say five or six years ago I bought one. Ended battery on the darn thing would only last maybe 1013 miles yeah landed on weather conditions. They've gone back to the drawing board they have a new one coming out in November it is called the Prius pride. In their getting a bigger battery but it's still only goes 25 miles. Yet it's 25 miles which when you factor in people who may be able to charge the the Prius at their office. Effectively could cover about 80% of people who commute on a daily basis ups. I've always wondered that the plugin hybrid like that I don't know if you make. Sense to me. Well you have to have a build out of the charging stations. And that's where you go back to the cities in Asia right it where if you had if they build out charging facilities that are fast charge facilities. The have to do just from an air quality standpoint they got to get rid of their coal fired plants in their or if there's a lot of their plants are either cold or fired on whale right. So they're creating electricity but they're polluting the air dramatically while they do cell would power we part of producing majority of our electricity here in the United States. If you add nuclear and natural gas those are to be if you put those two together I think we're probably approaching 70%. Is coming from clean energy here cleaner energy. Well what we have right now in this is from data from the last year and coal used in the US the last years down 18% right now okay what percentage of our total electorate is coming from cold coal at this point let me out to pull up that data I can get that were in a second now I think it's it's probably running. You know under 30% but it's been dropping to your point in dropping water that's what's killed coal producers. Yes so we take a look at where power is coming from today and his paws up just to get all the data is you still renewable energy is still a very very small part yet euros about your well you know wind and solar probably less than one or 2%. But natural gas has become a much bigger component in nuclear still there. Exactly so yet of the biggest area still is a hydropower believe and most people don't realize that wind is in second wind is going to surpass hydropower in terms of its production and probably the next two to three years inside the US stores much smaller solar is only about. You know maybe twelve to 15% the size of wind. In the US right now but overall energy usage. In the US continues actually to decline just as we're getting more efficient right now no case that's been one thing that you've seen coal energy at this point. Is only about 20%. Of US production. Okay now at its peak you were talking BO north of 50% but if you go to China and India. Between coal and oil you're probably talking. With the numbers Denver pac is or simple plans to run yet and they're cheap yen Nat gas in the US is the biggest and about 41% right now that's a big change that's it that's a phenomenon that has occurred in the last few years huge change nuclear is about ten. Hyder is about seven other renewables about each so overall renewables are about 15% now Nat gas has seen a big jump in the last couple years. A quick announcement on behalf of leader bank. Leader bank is you know is a leader in small business lending and they would love to have you as a business customer. They offer. 350000. Dollar SBA loan. And it has an interest rate on it at two point 99%. It is for people that are expanding their business that are gonna create jobs in new wings that's what the money has to be used for but if you're. You know if your borrowing 35050000. Dollars I'm sure you could make a very strong argument that you're going to be creating jobs in New England. It's SBA loans from leader bank write it down the interest rate only two point 99%. And he can pay that money back over a four year period of time. 350000. Dollars is the maximum you can borrow B could use that money the buyout a competitor he could use that money to expand your current operations. A terrific bank to do business with. Their phone number is 8776917900. Pull free 8776917900. Ask them about their SBA loan program it's a four year payoff the interest rate is too. Point 99%. In can borrow up to 350000. Dollars again that'll free phone number for leader bank is 877691. 7900. When we come back where it talked about. The one. Thing that supermarkets. Can do to beat the he if Arafat's promise a problem if you're in the growth restore business. But they think it's a benefit to consumers but what is the one thing that will keep people going to the growth resource. That sort of talked about when we return to the financial exchange from our insurer match dot com studio's collection 26. Yeah will have an impact on the economy I don't know right here is the financial exchange on the financial exchange ratio. Their work. This is very Armstrong from the financial exchange did you know that once she turns seven and a half you were required to start taking withdrawals from your IRA the problem is that many retirees don't know how much to take out of their IRA war they get confused as to where to take it from if you don't take your required minimum distribution you're subject to a 50% IRS penalty on making available a free report about our MD's that will tell you how much you have to take out of your higher rate based on your age and it also explains an exception to the armed the rule as it pertains to your current employer plan called the Armstrong advisory group to request your retirement planning distribution guide at 803934001. That's 803934001. Or you can download it from our website financial exchange showed dot com. Securities offered through securities America incorporated member in SIPC and advisory services are printers securities American companies incorporated Armstrong advisory group in the securities America companies are not affiliated. Advanced state claiming has many benefits including avoiding probate passing your assets along to your bloodline divorced proofing your kids' inheritance estate tax reduction and possibly eliminating estate tax each week Todd lets you know partner with the law firm of -- and dole and educates our listeners by telling them how to protect their assets from the high cost of nursing homes and this month he's suffering a brand new guide called back to the basics to help you avoid this very important factor call 8668485699. To get your guide today don't put added financial strain on your spouse appear she ST go to nursing home call now for your free copy of back to the basics at 8668485699. You can also download it by logging onto our website at legal exchange showed dot com the law firm of -- in Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legally exchange showed dot com. The summer is so. -- the kids are back in school and raring to go in this is a perfect time to reshape your schedule in its priorities it's amazing how much you can accomplish by taking a few minutes to look at the big picture and part of that for me was reviewing my insurance plants by the Jason Walsh chief marketing officer of the financial exchange radio network in if you're like me -- needed to reset on your insurance policies I want you to call the insurer -- agency one call provided me with multiple quotes from several of the top insurance carriers I wound up with a revised homeowner's policy in a brand new auto policy that included coverage of a third car from my older daughter because lord knows she doesn't wanna wait around to -- Marc Collins -- match today at 844 and 99 match that's eat for four and 99 match and through their Massachusetts division in charter let -- research and present you with -- information that is bound to help you I saved over a thousand dollars a year in my new deal and I know they'll try to do the same for you call today at 84499. Match or visit them online at insure a match dot com. It's not too late to get a great rate on hold 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. Or visit leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FTSE equal housing lender stimulus number 449250. Subjective credit approval leader bank a step ahead. Security securities America member PC. Or securities America is represented our target recruit in the securities America companies. Today on the markets all day long. There were brand new website financial exchange showed dot com click the on demand includes I didn't follow the markets from pillar of Khost bowl at financial exchange Joseph Johns John. One of Thomas Edison's major innovations was the construction of the first industrial research laboratory. Which was built in Menlo park New Jersey. The community has since been renamed Edison in his on. Jennifer from ducks very had the correct answer the other correct answer first as a result she takes over 25 dollar gas card to gulf. Don't forget about Armstrong advisory group's offer of a free portfolio review. Let AG help you pursue your financial goals cultivate toll free 80393. 4001. That's 800. 3934001. It set up your appointment today Armstrong advisory group in the securities American companies are unaffiliated. You know chuck you've called this he said that the difficulty that. Delivery companies are gonna have utilities whether B Stop & Shop. That you don't get to select your own Prodi though in you know what supermarkets are fit figuring that out people. Will buy a lot of things on line I am I am a perfect example I needed mouse traps rates this time a year by the way. A lot by your mouse traps because they're coming in the house and we get in cold right. I got a cat but I needed it takes care of it now that it had its last two years. It definitely edited. That it. Tuesday the anyway. You know it just so easy to order things on and that's what I. Fallen into that trap right needed mouse traps in go to the hardware store I went to my Amazon.com accountant or ordered mine mousetrap to by the way they'll be here. Yep one thing the people have been resistant to his as idea and kind of noted. They want to go and actually buy their proves they don't wanna get stuck with the ugly tomatoes they don't wanna get stuck with the op with a warm and it they want to be able to go out and buy their approach and so what you've seen. Is that even though 52%. Of people have made an online purchase of clothing in the last year or 12% debated online purchase of groceries for fresh food. You never did exactly what you want to eat I will stay in I only tried it twice with. With pea pods I shouldn't be too critical of their service but it wasn't. Yeah you know I like if you're walking through the aisle with the apples are right you'll you'll pick out the apples you want the other day behind me crisper whatever they might be. You don't get that opportunity in my estimation when your shop and on I've got a master planned you do for online grocer if they wanted to deal with it works with some other emerging technology. Virtual reality grocery shop. Oh. Virtual reality grocery shopping you have walk kind of like that you walk through and a virtual store and you pick out the exact yeah made Oprah pie or whatever it is that you want it. Virtual reality grocery shopping too great ideas merged into one. Boom how do you pick it out though the future's looking at your apple will have had some kind of hand. These are all auto you know you've seen minority report if something like that we get the hand eye catchers everywhere you can you want six oranges you want that sort if you can kind of you know give the orange a little bit of a squeeze or something like that. No I noticed I did they can figure it out there the Smart ones but it's it's a tough putt I mean do you know that you're talking. Clothing and books are running 52 and 43% that's how much market penetration has been made for online shopping clothing about fifty to 43%. Fresh fruit 12%. On this list this is something interesting 31% of people say they bought a CD dvd or Blu-ray disc. Who buys those Tikrit question chuck I have no idea why would you buy that. I don't know anyone who bought a dvd in the last year. Now I haven't liberalized limited for the all the women in my life I bought a Dell albums last Christmas stockings offers when you get the same thing forever won't. They'll public directly via my daughter in law my daughter my wife. Few of the people. It's just what we have on tap this year and I know about them online I don't know I haven't I haven't gotten that far I have not. And not reached that far produced no. You know oil companies another one of Europe's debt we're truck called it accurately. Oil companies experiment with technology to weather the crisis and it's true. You know oil prices by the weighted down their 4966. As we speak. But they came down in there was a lot of fat in the oil business and it went when prices were a hundred bucks a barrel. You have taken to concern yourself with cost and 27 dollars a barrel. Costs. Became a major issue. Yeah and it's it's an industry that you said had a lot of fat there where it's O would margins are fat we don't need to deal with that. Well all the sudden oil companies say maybe there's some areas that we can actually end up thinning out what they've done. Is they've gone in and they don't think searches are using drones to carry out inspections. Remote oil fields instead of having sent people on. How much money deceived though coach that you actually pretty were able to say 90%. Of the cost these to send out a crew of the dozen guys up. Right they have to climb up on these ropes and and ladders is very dangerous work. Now with the drones beat me. One guy shows up he takes the pictures brings down the drone and you save a crew of a dozen guys going out to a job site in the north cease and. Yeah you take a dozen guys two weeks to do it now takes one guy two days so you know with when we talk about things like job loss due to technology. That's it it's good for the company but those twelve guys he stabbed after go around and everything. That there were out of the gate down this is off the topic that I was talking to somebody in the heating business. If you notice right there's a lot of road paving being done off to all wrapping up in the net wealth it's almost too cold to do great he can't have it for more than. Wherever you see done and he is this is about it yet another two weeks OK good because it while the pavers stop in and on I think it's November 1 and then when everything's on finished for the rest the winter about hazardous and all that crappy forever. Fifth at but now they're using GPS. When they're doing the road paving really and it it they are allowed if they can now. Increase the speed at which they're laying national something like four fault. And they've decreased the number of workers on those rotating crews. Hey it's decreased the number of workers on the road paving crews but more than 25% that's why you know we talked about technology in robotics and job elimination. Those are good jobs those are guys if you're working on a rotating group. You're talking 2530 bucks an hour in cash wage and then you're talking whatever your benefits ours went on top of that those jobs gone. Yeah and in even you know the oil field jobs those might be jobs that were paying 8000000 dollars and use those are dangerous jobs if you're climbing up on the right and all of a sudden those jobs are gone so we're just talking about. The person making eight dollars an hour. Who's losing their job you're talking about. People with skills you know petroleum engineers that are being pushed out of work because there's a cheaper way to do how about accountants same thing that rate accountants doctors tell me forever how much how much of surgery is being replaced by robotics. A lot of these this advance surgery that's being done today with a spinal surgery York. Organ transplant major surgery in much of that is being done shoulder jobs. They're there they're being done by robot either by robotics or robotic assisted today so that yet things that you know so that you're not dealing with you know potentially a slip or something like that you can click I don't know if you're out in other robots are perfect. Humans on their best day are not power we like to think we are but. We're not naive it's it's fascinating to watch. The rate at which robotics and technology are taking over many of the jobs and it's nobody is safe to trucks point right. And I see robotics coming into the medical field coming into the accounting sciences driving. Construction trades all parties are crossing the board if they're being impacted by dramatically. Right now the Dow down nineteen points yes and when thank you all for tuning in to the financial exchange truck is not a talker Silva and very Armstrong signing off. From our insurer match dot com studio.