WRKO>Audio & Video on Demand>>Full Show 1-4-17

Full Show 1-4-17

Jan 4, 2017|

Full Show 1-4-17 by The Financial Exchange

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

This is the financial exchange with the very Armstrong and chunks of tour exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. A sentiment exists that we have hit. Automobile sales even though the average age of the cars on the road today is eleven years. Hi everybody Barry Armstrong and John Moody with you here. On me Wednesday it's the weakest blind side because it's short week. And we've been receiving automobile sales numbers for the last hours ago. And eight point two. In fact in improving automobile sales market beat John Oreo. Very good very had a these numbers look really good General Motors was expected to have only a modest increases zero point 7% for the month. They came in at 10%. Of these numbers are vault that's fantastic numbers for GM. Ford was expect it will with a drop off after a big month the month before they're expected to command minus zero point seven. They actually came in the positive territory plus zero point three should be a really good numbers but big picture bury the numbers are fantastic. You're right we all fly at the begin going back the beginning of the year. There's no way we can beat the 2015. Record pace of seventeen point four million units. We thought you know we can do 1616. Happens to be great. Looks like broken easily beat the seventeen point four this year so it's going to be a record year. And the seventh consecutive year of auto sales increases. In the United States overall very good news and confounded the experts who Walz said. Auto seals have to go down this year. Inventory levels also not to real high which is bodes well for 2017. If you. If your sitting on nine to your 120 days back in 2880. Days when inventory. We don't have a lot of inventory we're down to 71 days of automobile inventory and here's another point that goes missed. You know you'd we measure automobile sales for some reason we measure it. In terms of units sold I think a better measurement is dollar. Of those units sold because the average price of a car and leaving the law today is in excess of 35000. Dollars. Yeah when you look at it on dollars dollars per vehicle. It just breaks records easily. If there's an issue an inventory I think the only thing they really got caught on that was the sale of smaller vehicles sedans coupes. There's been a surprising drop off in sales there but it's been. Much or easily overcome by the sale of pickups. Light trucks. Fans and the sales of those just been fantastic so you're right in terms of also point out too. Those more expensive vehicles come with much higher profit margins. That's really good news the auto companies but with the auto stocks are up nicely today. Ford and G memorable up between three and 5% that's a big move on companies that gently don't move that much. You're right GM trading at 3647. There are almost 4% yes it's quite a move from where they were yesterday at fort up a little over 3% as well again both these companies pay a far above market dividends and the stocks tend to not move that much they're like low beta stocks. Very positive news for our economy those are economy cyclical companies in the sending very positive news no question about that. You're right his eagle club buying new car and you feel fairly secure in your hole in your job Brady you're you're here because you're by. 3540000. Dollar car market do that unless you say. Which I think hung in and make more money. In point seventeen and eighteen and it was making back in points thirteen fourteen and you're gonna hear. Looking at the impact perhaps a lower tax rates in India can afford that little bit of a nicer car. I agree I think it's a great indication we have difficulty sometimes. Measuring consumer confidence. With the attitude vs consumer confidence the behavior. If we're judging people by the way they walk not the way they talked you're absolutely right. They are walking the walk here because you're gonna go on spent on average at least a 35000 dollars per vehicle but with coverage includes. All of the 161000 dollar compacts to keep that we there's a lot of cars war of one of vehicles. Coming off the lot zones between 45 and 50000 dollars. Buying that brand new view publisher really confident. John you you worked in the news business for a long time who was the best meteorologists. To weather person that you work with during your thirty year career. Boy I'll tell you there are a lot of really good ones and it's such a science right now. You know it's really hard to say what what you us about it it's a typical. Because I remember three months ago we were being warned that this was just gonna be terrible winter this is going to be. The winter day you know it's going to be east you know coal and oil prices are gonna go up and natural gas prices are gonna walk because. It's getting beat the try to predict the weather and I worked with you know the same some of the same people use for syndicates gives Kevin and analysts that noise and and you know. Downing he'd be sitting in the newsroom and remember talking to the minutes they will you know how accurate are using. When you go oh you know seven to ten days in the aids rattle off their statistics are pretty impressive in eagle at ten days. And good weather man's going to be 7580%. Angel what about eagle 02 you know three weeks you know were still 67%. Going through. You less than thirty days coin with the numbers it's 50% it's quite yet yet I don't think that's what I was getting you know farmer's almanac gets quoted you know everybody swears by oh these weather reporting services. The fact of the matter is this has been a very mild winter thus far and it's impacting the price of natural gas quite. Favorable I don't know a lot of meteorologist who quit their day job to trade natural gas futures and make a fortune doing that. It's about me underline your point but big drop in natural gas futures this week Berry. Yesterday. Natural gas was down ten point 7%. If the stock market that I will be crash. Ten point seven percentage used down 332. From like three EB. It went to two year highs in late December based on those forecasts and you're actually right. When you look at out you know two weeks three weeks four weeks the feeling a couple of weeks ago actually even a week ago. Was that we're in this long stretch this Arctic blast and was gonna kind of take over the country and make us all we beat cold for really long time wolf but not the really cold part right. But the really long time makes a big big difference and it's not going to be a really long time turns out that this Arctic blast. Is is real but it's expected to be briefer than we thought. Yeah why does that make a difference and natural gas unlike oil. Is pretty much heating playing at this point of time of the year. When it's going to be warm weather natural gas prices plummet which can be cold weather they skyrocket this is where it's really volatile. And again natural gas from most of the beautiful most of the country gets UT. Hearing here in the northeast that we we we missed some shtick is a lot of us have oil heat but across the country. Natural gas is like the source that he. So you get this new forecast and a all the sudden we have a big big drop now what's gonna happen three weeks from now again forecast will determine that. Tucker Sokol had a poll question today you how to do our listeners participant yeah our listeners can participate our poll question visiting financial change you know dot com. And casting their vote yes or no to the question do you heat your home with natural gas that's sort wanna know today so once again financial change Sho dot com. I'm an oil. I leave my home with oil what about you John I'm natural gas and you know it's it's it's Anderson because so many people level oil. Converted a very large expanse in the last you know several years. As it turns out right now it's pretty close call with a drop of oil. There's not a big difference between what it costs to heat with oil vs what Acosta he would natural gas. And the outlook frankly Barry I would say is pretty benign on both. Terry senior citizens are facing a large price hike for blue cross Medicare with this solved in this looks like very steep increase thousands of seniors enrolled in Medicare plans through the State's largest health insurer. Are gonna see monthly premiums go up. As much as a third 3334%. We're talking here Barry about Medicare Advantage customers. At the forced the mega blue cross blue shield of Massachusetts. Those increases can be as little as ten dollars that they could be. As much as sixty dollars a month. Depending on the plan you choose with the plan before he chosen blue cross and had to raise premiums. For a couple of reasons number one they cited a decline in federal reimbursements. But of course the issue that we all content. And whether it's obamacare or private policies whatever it is higher cost of medical care. Higher cost of prescription drugs you know no matter how you wanna cover it. The man v.s the cost of this product is higher now in which feeling it in every respect regardless of the type of plan yeah. Mary Lou the theory go pay up next ruby joined by Julian Berman. From the Wall Street Journal or and talked to Julian about how parents can help their children. Pay off student loans now. You'll many of us have kids that are in college now and their kids are borrowing money my kids are I've got to one still in college and he's cuts in student loans racked up. And I would like to help that there are efficient ways and inefficient ways in which to do so so. Up next will be talking to Julian about the most efficient way that you as a parent or grandpa are quite frankly. Can help you work college student pay off some of their student loans that's next from our insurer matched dot com studios. Breaking business news daily the only. On the financial exchange radio network. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know when the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm the Armstrong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated members in SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of the professionals familiar with the laws in your state. Accordingly Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets be depleted if you read to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection claim in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing home stay and you haven't done your planning before you write that check pick up the phone and call 8668485699. Gets an expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they've put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today and learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Hi everybody very Armstrong here from the financial exchange and I'm joined by Jay tool who's a senior vice president and leader bank. And leader bank has an exclusive. Program for those of you who are landlords if your corrupt collecting rent from one attendant for a 101 tenants. Zero 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 spent extremely successful we've. Offered his product to really target hardly in the hours were still collecting checks in paper form in this day and age. And the purpose of zero needs to really bring everything on the line between electronic but more importantly. How did Pete said it and forget it so what's a landlord hazard ten and set up. And really there's nothing that needs to be done until the leases over. The rent is automatically drafted from the Tenet's account can you choose the date of the month is it always the first of the month or could it be the fifth there that's a sign attendant on the fifteenth to defeat the fifteenth of every month yup absolutely so landlords that's the initial date. Whatever day of the month that is. He'll be the same date every month that'll be collected how much does it cost the landlord to set this all so it's absolutely free if the way more banks with us OK so if your idea landlord and you have your bank account leader paying you get this is you rent service for getter for free. Now if you have a bank account elsewhere will still provide a service for small monthly charge. And if you ever decide to move your bank relationship over waive the fees that. Pretty pretty simple it's pretty cheap and it's a great product our landlord perhaps leave club. Lot of our it's cults he rent and the website for it is www. C rent dot net. Or you could call leader bank at 8776917900. To learn more 8776917900. Collect your rent electronically makes an awful lot of sense to me the phone number again 8776917900. Or visit. Zero rent dot net. Security suffered through securities America ain't members in red SIPC and advisory services offer through securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. Stay on top of breaking financial news by becoming a member club carries per game. Log on to financial exchange showed dot com and sign up today. Many of us have kids or grandchildren. That are pertinent to with student loans and we wanna help out but we don't know the best way to do so we're joined now by Julian Berman from the Wall Street Journal she's gonna give us some tips I Gillian or you. I'm Harry and welcome back. So you know it would it would are the statistics. Three months to parents wanting to help kids do. He ought to their time out there about what it actually Hainan with you know. How many parents are helping their kids but we do know that about 60%. Stayed that they would be somewhat or very likely help their kids out that. So what do the different methods that give you let's say you have a kid graduate college I think the average loan balances around 30000 dollars. Egypt's right cheque for 5000 dollars to help out on a monthly data that we would've been different ways that a parent or grandparent about her. Can help out with their kids cultural. Yeah but Cabrera a couple of things that that they can do you want is to do some kind of a lump sum payment. I need to keep you do that at the beginning of the loan repayment process and the benefit of doing that as bad obviously it cuts and to that principle which. Cuts in cue the inter and he would have that build up alone so you know I'll see it. Your kid money over time. Another option with a lump sum would be key to economic. That day you'd see your kid making a good effort after a loan to her you know I hear it and you happen extra money and you want to help them sort of become debt free so that's another few options are a lot of sun. And rated Q it was beaded just contribute modestly. Say Dominique and few hundred dollars a month for the funding meant I need to get back on a monthly basis. And then you know sort of me and innovation not that would be Q match the amount higher cap contribute that sort of like a poor Ellen okay where. It at a hundred U and a hundred and that really thought about it your kid to put as much toward the data possible they can't. So there's basically four days ago right lump sum at the beginning lump sum at the end. Feel a little bit every month or matchup kickbacks and payments they're making. Exactly does that. That means strategy and. I like it elected Gillian thank you very much for your time we appreciate it. Julie Berman Wall Street Journal. You know Johnny you've raced him and I've done the same thing college is expensive and you know when there's two scariest words it any parent can hear from their child which I heard over the weekend was meant to think about going to grad. Yeah and that's a whole other ball game two to sell another layer of that potentially it is needed in many cases is no question about that can be great investment but. The key thing is to do that cost benefit analysis make sure what you're doing makes a lot of sense. Both you know qualitative and quantitative look at Harden you know cold hard. And and make a subjective judgment and trying ultimately your or influence that too much in its. It's an emotional thing you try not to make it too emotionally we don't screw up your own retirement alienate that's the the thing that people I've seen people swear the you know they've taken money out of their four K plans to pay tuition bills or help pick its tail ultimate in home. You know your your year over sacrifice on behalf of your children they've got their lives and lifetime ahead of where your you know your 55 your sixty years old. I don't know smartest way to go when we lose altitude make sure to put the mask over you first. Then the child because that's the only way it's gonna work. That's the only I look I am I'm sympathetic towards the cause. I think. I Knoll would like to have markets gradually it free from college if possible but it. Given the choice. They go one option that I like the best for the team action was then acting pain I guess the kid graduates with 200 dollar payment yet. EEU. And he can afford it. Make it 200 dollar monthly payment alongside of you right. That's gonna take years off the student loans it will and it creates a certain sense of paying discipline. If the student is making the payment of the now former students making payment every month. That person has the discipline to take care of their life if you're helping you're just helping and it's not it it just feels less like a hand out in warlike help. And I think that's true Barry with almost any debt. I think you can help your children now that's a great way to do it matches I've I've done that too with savings incentives are what my son at a young age. He let a thousand bucks to his name and I said you know what. If you put that in the stock market developments like age twelve if you do I'll match. We bought Berkshire Hathaway one share 11100 dollars this year. Game right now that 11100 bucks and I matched I've put a put in eleven introduces likes things it's not worth like 8500. Good for him and an etiquette taught him a lesson that he remembers today which as you know I just save a little bit it can make a big big difference over a long time. Companies they'll be seen built seemed to be meaningless at. NBC. Signing Megyn Kelly. For twenty million dollars and you know that this news broke yesterday. And I think many of us thought shoes and leave fox I think it was just all your general consensus of in the media when the show before the show before he refuses to mention your name and when you transition from all Reilly's show and to meg and Kelly show. And and there's no mention that her show was next to kind of get the feeling that might be an issue here. Well but she was she had you know like her she had really strong rate yeah. She had to ship the second largest audience on fox. The ago which is fine and I can understand the the year that mindset there a natural what is left yeah I must simply said. I'm leaving because I don't like this art. I think is a little bit of both I don't think they kicked around I think she felt unwanted. And look a lot of people there to weicker has and a lot of stories there didn't like or wanna be behind the scenes that weicker. The bottom line is we're talking about it and this is now and not broadcasting businesses now narrow casting to actually channels and so many options in so many newscasters and commentators yeah audio. That we don't remember the names of like any of them. Megyn Kelly to her credit is someone we are talking about right now there are very few people in television with they quit. Would be the topic of the financial exchange. But that's why he's worth every penny that the partner well. But here's a better or worse. But what do you do with that I was at the like I saw OK there your ears get twenty million bucks a year I think it's a five year deal so they're making 100 million dollar commitment he has in the scale. And I don't think they have a clear plan that you at least they haven't told us what it's like I thought if I was gonna pay somebody 29 bucks let's say. You know what you want the same time as bill Riley. Hugo hit it exactly yet but instead she's going to be hosting a weekly news program on the weekend which is kind of a throw away time. It could be going to daytime talk show. You know even if you're a big fan of Megyn Kelly you know I'm agnostic and I think she's okay but I think is a little bit over rated but. I mean. That's not a big impact type job and said what are they headed as though he let's you know let's make this thing that I'm surprised. I'm surprised that the that they're paying that kind of money for this kind of role I wonder they have other plans don't want. CI thought she would go to this Ian that that was rumor was it issue's gonna go to CNN. And and work with drops but he runs CNN yeah I'll tell you though like I think that the value of some of these anchors and commentators would be exposed to move like that. She is a very big name in part because it's fox and it in part because she's high profile. I just think CNN made the determination that is throwing her on the set is not is is not gonna necessarily mean that your ratings. And I think it was a realization that. Yeah you also wonder how long window in his element gets older her life span television shortens flavor of the month. I mean it and that's very true and television. Up next are we talking about CEO. Rex Tillerson ExxonMobil. That's our next topic from our insurer stuck constant is tricky also. So even smarter Dell logo. Left right surgeons financial exchange shelf in nineteen Jordan who who played stores this is the financial exchange radio network. This is a special announcement for all landlords chasing down -- rent payments and making trips to the bank to deposit checks take Haslett a brand date we've zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more would you rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know when the optimal time to collect her Social Security is -- is very Armstrong and there's so much to consider before you stop working my firm the Armstrong advisory group has put together a 2017 retirement guide to can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services officer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. The holidays are over the new year is underway and now is a perfect time to reset your schedule and 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 plans hi this is Jason Wolfe of the financial exchange radio network 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 didn't want to wait around anymore to borrow mine call insure a match today at 844 or 99 match that's 844 and 99 match and through their Massachusetts division -- 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 844 and 99 match that's 84499. Matched or visit them online at insure a match dot com what are people saying about it. Evil mountain we bring our failing every year because no matter what the mother probably agree. They just do everything right. With the 90% snowmaking and lift system ranked number one by ski magazine two years straight it's no wonder so many people accuse a team we're family operated in net pride shows and everything we did. A team all mountain resorts have always amazing always snell always sound. Both Georgia with confidence at a keynote 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 of petted it 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 MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank their jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinancing all originations are managed by your bank's local underwriting processing teams for additional information call 877697900. That's 8776917900. Or visit leader bank dot com. Minarets the NC equal housing lender stimulus number 449250. Subject to credit approval leader bank a step ahead accordingly Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and his average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you read to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection plane in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing home stay and you haven't done your planning before you write that check pick up the phone and call 8668485699. Get some expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they've put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer did your free guide today to learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our web site legal exchange showed dot com. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there hard just vote go to financial exchange oh does come and test away. If you haven't been so ready to be sure to log our new website financial change showed dot com to cast your vote in our poll question today. Which is do you heat your home with natural gas yes or no and so far 62 point 5% of our listeners are saying yes. While 37 point 5%. Of our listeners are saying no but now it's time that your via. You know John is on the natural gas story and I saw con. Oh association. Texted in dispute president of the association. He big seat an inordinate amount money by switching from oil and natural gas to heat their condos ya I I saw that same text very they estimate that saved. 200000 dollars per year in the association boy that you get that payback real quick. Future Kent. Art it is time for trivia and we're doing tribute based on some of the celebrities that died last year. Today were doing interviews related to Mohammed Ali. What was Mohammed Ali's birthday. Our text number is 68680. And if you're the first listener that knows the correct answer to that question do we in the 25 dollar gas card. What was Mohammed Ali's birth name again our text number is six ED succeed he should you care to participate. John let's talk a little bit about Rex Tillerson I was skeptical about him taking the job. As secretary of state not because I didn't think he was qualified and the keys. Uniquely qualified for doing the job based on the cool in the week where he's done business in the past. I I think he has some terrific qualifications my question was would he walk away from the money. And he is making a fairly significant financial sacrifice to become secretary of state. He's not walking away from money Barry he's walking into money. Poor racks will say goodbye to his beloved ExxonMobil he says he's he's been he's done a great job as he he'll no question about that great track record there. They'll be getting a 180 million dollar retirement package. Two leaf. And he now in fairness he would have vested into this over the course the next ten years. But Exxon has generously saying you know for serving our country in and you know taking that position in. In being a good guy. We're gonna kind of push up that vesting schedule and give your 180 million dollars right now so. Good news is Rex has to be able to do his job you know for the president on behalf of the country. And not have to worry about is that weather is heating with natural gas. Were oil well you know the Woody's doing easy try to avoid that Dick Cheney trap because Dick Cheney still has held shares in helper true served as vice president. And he took heat about that for every day he was in office right everything he did supposedly was. You know to help Albert. Racked supporting that conflict of interest and he's Smart on the part of ExxonMobil they're there'd be the aren't lightning rod for controversy anyway. They don't they do need controversy of this nature but this is a nice way to do it to kind of iron out the problem by taking a 180 million. In cash you know before this an issue. If it's just US currency it's not stock. And I got vested a little bit quicker than enough I was supposed to do but everything works out and the good thing is it does avoid a conflict in a lot of these wealthy people. Barry no matter how hard they try it's really hard to avoid conflict if you have a lot of investments if people they are you know it. Insider politics Wheeling and dealing. A lot of these guys who love the put these issues debated but it's really really hard when you have a complicated. Net worth this right. Hey quick announcement on behalf of Cushing in Dolan they have put together a new guy for the month of January it's never been made of. They'll go before it's called nursing home planning for the procrastinators. I think there's a little bit of the procrastinate or in all of us. If you'd like to receive this guide that was produced by taught us ski. You can call 8668485699. It's really design of a tape who it's meant for it's meant for that seventy year old who hasn't created their state. If your seven years old 65 years old and you've accumulated a few assets during your lifetime and you've been too busy working and raising a family to sit down with a lawyer and create an estate plan that's what this is war. Yeah your little long in the tooth but it would be a bad idea to create your state plan. 866848569. On I guess you can download it by going to the legal exchange showed dot com that's a website. Or Bjorn talk to a human being called Cushing and dole told free the phone number 8668485699. I feel left out on this next story we're gonna cover Americans eat 554. Million. Jack in the Box tacos the year. And nobody knows why I've never had one of these things. I never beat their varied and we are not among the 1000. Times a minute that people eat Jack in the Box tacos 1000 times a minute. What about talk herself he must. A dream no where you can find at Jack in the Box. And went south and out west there are too many right here. I've never experienced and have never talked anybody who has participate in eating one of these questions. What is supposedly see the taste fantastic but I guess they're about as bad forties and John it's been this it's been described as a quote wet. Envelope of Catholic. At such a good description a wet. Envelope of cat food. I certainly my caddie every day and I'm telling you that that is not gonna get me to go to Jack in the Box live so I can sell more they sell or the stock goes that McDonald's is big Macs and we've never tried one. Yeah but you know it is just because they're not around here right you know this is that moment where you miss a guy like chuck chuck or does not yet has tried every fast food on the play. Yes you would be give us. Detailed review of the Jack in the Box talk that the they sell like crazy half the calories they're 172 calories each. Half of the calories coming from the if she. We and Jack in the Box is for those of you not familiar with that is best known for hamburgers that's the reputation. So I guess this is indication that the times are changing. Hamburger joints are going taco. Well they're changing and a number of speakers you've got. You know the year you've got that story but then you look at restaurants member Applebee's Friday's. You know a lot of the east you know kind of I won't call those casual dining you know they definitely yeah. I used to go to them but never go to those anymore either go if I go to the restaurant. It's either like mainly private familial place in the north and right. Or I'm going to put an air work the polls Monica but I don't think it seems like that business must be suffering dramatically. Fast casual has taken a big bite out of that business no pun intended and the other factor Barry is. A lot more people are now eating at home in that category. In part of the reason for that use that grocery prices have come down in the last year or so. They're facing opposition on the number of fronts I think it's cyclical and I think we'll come back right now they have serious challenges of multiple fronts. Donald Trump's tax plan could sink real estate prices. You know. There's an assumption. In this story. That if you can't deduct your mortgage interest. Paying Europe and by house and in the trump tax plan is the little that we know about it and so far. Would suggest that you're gonna have a dramatic simplification. Of the tax code. And in order to help the middle America is going to be significant increase in the standard deduction correct it at. The margin I think you're wrong because I'll tell you why you're factually correct. But individuals. Over rate the importance of the tax deduction it it's it's a big factor for a lot of people and it should not be. Because in practice it's almost a non issue. But this point is with a 30000 dollar standard deduction. Almost every one will no longer not be able to itemize for a good reason because they don't have to. They get the advantage of the interest on their mortgage. Without having a mortgage a fan I have a question to use do you think that will impact. Home ownership rates I think a little bit at the margin and I do yeah I think price wise a little bit too. But we're in a situation right now very with the economics of most markets are if you get the formal motion by. So right now I don't think it's a big issue but at some point on the line it might have a little bit of an issue. Because right now 25% of Americans. Hughes the the the did deduction they get from homeownership it actually provides an attachment that. According to the national association of homebuilders and admittedly they're biased but they're homebuilders. They say that that number number will plummet to just 5%. Numbers they say that if we got this tax code which will help a lot of people. That only 5% of the people are gonna have big mortgages are going to be able to. I'd much. We view which is unlock it argued those statistic is but what I would suggest is I don't think it's going to. If there's just something psychological. About owning your own home. You know we it and you can make I've seen wonderful arguments made as to why. It's not a great investment rate you'd be better off putting your money in the stock market goes home values increase I think at a rate of maybe. 3% per year when you look at the more hundred your period of time where stock prices go up at eight or 9%. So you from I hate the strictly financial standpoint. You could argue gave better off. I think people own a home simply because they wanna put down roots I think a lot of its emotional and psychology is psychological as opposed to just financial. There's no question that is the primary reason why but at the margin if there's 1% 2% 3% of the population say you know what. The deciding factor here is the tax advantage. At the margin that can impact pricing back in a cracked volumes not a meaningful way not large weight but we'll have some impact otherwise think about this Barry White with the the national association of homebuilders be so up tight about this. It was a non issue they would be like a fine no problem. If you pay up next we'll have the answer to work trivia question then will be joined by Rodney Nelson. From Morningstar to talk about stocks election you might wanna grab a pencil and paper Rodney Nelson joins us next from or insure a match dot com Steve. So follow the markets from start to finish and get our daily market recap every day at 5 PM on our new web site. Financial exchange showed does come off this is the financial exchange radio network. According to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would you arrest since being depleted if you read to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection plane in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing Homestake and you haven't done your planning before you write that check pick up the phone and call 8668485699. Gets an expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they've put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer did your free guide today you can learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our web site legal exchange showed dot com. The holidays are over the new year is underway and now is a perfect time to recheck your schedule and 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 plans hi this is Jason -- of the financial exchange radio network 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 didn't want to wait around anymore to borrow mine call insure a match today at 844 or 99 match that's 844 and 99 match and through their Massachusetts division -- charter let them researching present you with information that is bound to help -- I saved over a thousand dollars a year in minute deal and I know they'll try to do the same for you call them today at 844 and 99 match that's 84499. Matched or visit them online at insure a match dot com. Her are strong here and I'm joined by estate planning attorney Todd what's key from the legal exchange in Cushing and Dolan were talking about. Last minute planning techniques if you're procrastinators. This segment is for you. Todd we talked about married couples in the past and what can be done to protect healthy spouse in the event that somebody's going into a nursing home. What does somebody who's doing planning for a single or widowed individual. Do what would it how the circumstances different for a widow as the. Post to a married couple. Well you know I'm gonna focus on the home here because most of the time people have a home if they have a home that's one of the biggest assets that they wanna protector preserver on current family and you know leading money earth children or family members is one thing but leave my place to live with no mortgage is is a home run. And so they don't want to lose their house and so even when your single. There's a way of saving their house last minute it's not the best. Up at that advance planning is always better. But don't allow you to when you get help applying for Medicaid to check a boxing I intend to return home even if you don't. So then they'll at least make house non accountable then they'll put a lien on it. But it will be non accountable so that you can go on Medicaid which really means you instead of paying 141000 dollars a month. In losing their house you go and you pay 6000 dollars a month less your Social Security of say two or three. In the lean running up on the house is now only 3000 dollars a month that's manageable. For the beneficiaries who got to keep the house. If you're procrastinators. This guide is for you it's called the last minute guide foreigners nursing home situations. Call 8668485699. It's exclusively available from Cushing handle. What do you do as a last minute plan when you have a loved one entering a nursing home 8668485699. Told free. 8668485699. The markets are still well though I really can't form. Get our weekly market recap by becoming a member of berries brigades visit financial exchange showed Judd come and sign up today. Mohamed Ali was born Cassius Marcellus clay junior. In Louisville, Kentucky on January 17 of the year in 1942. And Pete. From board knew the answer that question Cassius Clay of course the answer and he gets a 25 dollar gas card to shell. Finally don't forget about the armed storm advisory group's offer of a free portfolio review. Let any AG help you insure your fight or pursue your financial goals cultivate tool free. 803934001. That's 803934001. In set up your appointment today Armstrong advisory group in the securities murder companies are unaffiliated. It's time now for our stock talks segment. And joining us is rotten he Nelson of Morningstar Rodney thanks for joining us. Real good Robbie we're talk about Adobe symbol ADD BE and all but one of its flagship products is. Creative cloud is just a cloud play. It is so this is a really unique company and that three or four years ago they made the decision to stop telling their their flagship product they're creative suite on premise basically in a shrink wrapped box with a disc inside instead forestall their users to begin consuming their software in a cloud based subscription based model. Not if there are a lot of puts and takes to that decision but most importantly what that means is in the near term the company was basically accepting. The they're gonna. Slam the brakes from a growth perspective in order to make this transition. What we've seen that that it is common out of that that period of transition those customers to subscription based model. No pitching has been restored to about 20% top line growth the last couple of years. It's really become made a powerhouse grower and also a very profitable businesses while some of the best margin that we need for software service companies. I think very importantly that's recurring revenue to right. Exactly so about 80% of their revenues last year or subscriptions which recurring revenues. Name one of the beauties of of the models or Adobe is that. One of the big hang -- this with its product historically is that is that that come with this huge price tag if you want to buy it. The standard creative suite when it was being sold in shrink wrapped box that was gonna run you somewhere in the realm of thirteen hundred dollars the very premium edition was about point 600 dollars. A lot of money shot at one time for peace software. The cut another copy out there is that you do in fact by the software. When the next hurting comes out he may look at your creative suite as it is dead the next incremental features are enough for me to shell out another thirteen 12800 dollars now. People are much more comfortable paying fifty dollars a month the entire creative suite or picking and choosing the application that they would be pretty mean mean. At a much lower cost basis that's much more manageable in the race to block the sticker shock that used to the stick public buying Adobe products. How sticky is this business such as IS a because there's a lot of competition in this space what gives Adobe and an inch what's what makes this proprietary. The right so one of the things we look at him morningstar's competitive advantages and the we signed compete economic moat ratings to essentially can be deleted by the global economic possibility and generate returns and invest capital above its. Cost capital. We've assigned to Adobe wide economic moat rating and that largely based on the creative business. So while there are a lot of competitors out there they're very few if any companies that can match the breadth and depth of the features that that he. This whipping creative suite whether you're a photographer that yarder for a web designer. He's but he cream print document there's really no other suite of products that can match that future breadth and depth. And a chicken and dealt with in this with the need ecosystem that Adobe provides the other part is that that the equation is if you're a student in the design program at university. Our target and be trained on a daily pot so they can. We have this new influx of users that are being trained you'd be really difficult to ease but extremely powerful product that wants you to learn how to use them. It is very difficult to find a product that's going to deal the match Peterson nor do you accomplish what you want to do it as a creative. I think that's priest geologic competitive edge the other part of this business. It is a digital marketing business that's grown extremely well last several years attach the revenue leader in terms of in terms of the company to compete with. This look up platform. Underperformed analytic a marketing campaigns to allow public companies to better target and monitor. Marketing campaigns across multiple channels whether that's web social mobile. Print TV and he can basically create an army channel marketing campaign with in this platform. Moderate. By the compete with companies like salesforce. Oracle Microsoft. FIBM not so all these companies are competing for the same business but we think Adobe's got a unique. Value proposition and you combine its marketing offerings with the creative product speaking of that that's a really unique opportunity for them to capitalize a lot of different opportunities. Rodney the challenge as an investor though is a lot of people agree with you the stock is not cheap 103 bucks to buy you. Two dollars and thirty cents worth of their earnings are they worth that kind of premium given the fact I think what you're saying is is believed and accepted by the marketplace. That's certainly a fair value estimate of of a 120 dollars per share as we get to see some upside from here where the stock is trading at about a 10304. Dollars for shirt today. It has been out of a bit of Iran over the last year we were we really like to name an industry analyst seventies last February. It's obvious you prompt enter at least since then we still he's my upside we think that the market still doesn't appreciate it now in the growth opportunities but the level of prop. Possibility that were seen as businesses largely unmatched. From a lot of the rival offers certain companies that we cover if you look at means like salesforce or worked there service now. Those companies are growing their top line faster but they're doing so at a much lower degree of profitability and Adobe is so I think investors have been willing to pay out for Adobe because they have that comparability with British business model that uses in the competence running negative GAAP operating margin like come on its peers it's turning GAAP operating margins in the mid twenties then and should be continue to expand those margins over the next several years as they come up as they begin to laps on the east. These new subscription to become a dual spilling vs new customer billing itself. What you're right that it trades at a premium we think the combination of beat the business model. By the competitive position warned that that premium. Valuation that's why we think there is a little bit of upside but we do get a pockets. An opportunity wouldn't stop first Salesforce.com start best ideas as mr. US and 99 dollars is the stock price analysts seventies. A little bit more upside there but again those are that's another white vote business that we think is extremely competitively advantaged. Wide vote businesses obviously very attractive Rodney Wilson of Morningstar thank you very much of that feedback on Adobe appreciated. We still have so much more it is still ahead on the financial exchange including a look at a fascinating new successful business to. These stories much more coming up your listing the financial exchange reinsurer matched dot com studios. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know win the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your. Hi I am very strong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their super offers and I'm here to tell you about another one you're offering a tremendous deal for small business loan this offer is only good for a limited time so if you own a small business and you're looking to make improvements this is 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 to 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 caller right now 8776917900. That's 8776917900. And you can lock in to this great offer 8776917900. Or visit them online at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject credit approval leader rent a step ahead. The holidays are over the new year is underway and now is a perfect time to recheck your schedule and 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 hi this is Jason Wolfe of the financial exchange radio network 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 the third car for my older daughter because lord knows she didn't want to wait around anymore to borrow mine call insure a match today at 84 Ford 99 match that's 844 and 99 match and through their Massachusetts division in charter let them researching present you with information that is bound to help deal 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 eight. Cushing and Dolan were talking about last minute. Planning techniques. For when you have a loved one entering into an arsenal more and more people are providing in home care for their loved ones talent is there anything. Better care provider can do that would be beneficial to them or the fame. Yeah that's a huge problem today buried him I imagine so many people are leaving their jobs even in there with their families and and when that happens. The person who's doing it isn't the child isn't necessarily looking to get paid but they gave up their job. And I can tell you the parent is okay pain they don't mind. And so what happens is don't just hate them because if you just pay them it's gonna look like a gift. For Medicaid eligibility purposes and it's only gonna hurt you. If later on you go into the nursing need some kind of a contract between the parent and the child were the on to the child exactly. Between the care provider in the caregiver. And they care the recipient they need a personal care contract it needs to be drafted up. What that does is it Collins is the relationship and says look there wasn't intent here to get paid end. You are providing a service and you actually have to report on your income tax return. Not really plans of the transaction and prevents it from being a disqualifying transfer. So the person who got the money can keep it even after the all loved one may need nursing home care. Medicaid planning use. Complicated and you just heard about it caregivers contract as it relates to protecting assets last minute call Cushing handle and at 866. 8485699. And learn how you can conduct last minute planning for nursing home situations. 8668485699. To get the guide porphyry 866848. 56990. Yeah. Scores improve snowmaking. No wonder how. Excellent shot. Yeah yeah. Walter little valley resort. You have to establish a result they hung on my knowledge this. And as. Home on forever in Waterville Valley visit marvel dot com Waterville Valley resort is a proud partner of BMW. Accordingly Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and his average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets be depleted if you had to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection plan in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing home stay and you haven't done your planning before you write that check pick up the phone and call 8668485699. Get some expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they have put together brand new guide for Tony seventeen called claiming for procrastinators. You can not put off this call any longer get your free guide today to learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. 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 could just make sense give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know win the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm the Armstrong advisory group has put together a 2017 retirement guide to can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Juries are for two securities America incorporated member finreg SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. And. This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world stage. Informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with Barry Armstrong and sharks done us. I was told yesterday that it can no longer wish you happy New Year's all wish you happy auto sales day. We've been getting auto sales numbers all morning long and you know forward his beat expectations General Motors beating expectations Fiat Chrysler Nissan. Now of Leo just coming out with data. Paper but he area are strong and John Moody with you here on Wednesday morning actually to call it auto sales Wednesday. At the all right we aren't that special financing deal today. Yes well Malia and on the financial exchange two point 9% financing. Toyota sales up 2% now that's not a real strong number but they are expected to be down 1%. So December auto sales shaking. Much stronger then I think anybody anticipated would have the full data for two more show what I can get it today because it does give police released until 2 PM. But it. 08 I I look at auto sales Johnny you know obviously like to see housing sales stronger because that's the you know a big driver of the economy. But auto sales is right up there yeah I. We were told that everybody was taking over and the shared economy. And car sales were going to plummet. Well sometimes a narrative can be off by 810 years or fifteen years or eighteen years affect matters a lot of people driving you know Barry to. Let's talk in my son I mean he's someone who lives in the city. And and really for him a car is a liability. He totally said dad you know I've I got to get a card next spring because there's just there's too many things I need to you know come visit you and go to the beach on the weekend. You know visit my girlfriend's house you know anything can. Etiquette to forget about this a huge but the fact have to accept it if it hurt that he's gonna give himself away. Yeah the order I probably go on there right and I resolute and figure out of the ordinary but it's well on that list was coming down to that doesn't want to be. But eighteenth and that was the lives of the things that you just the just art you know right. For over the white isn't just rent a car when he needs to see it means to keep a car in this that he does in the city yeah. He's gonna fine day you know the cost of maintaining a car in the city by time in short. And pay for parking. I've even if it's anywhere from 713. Hundred bucks a month it's really expensive and so you need to get you know liability on the Indians try to get a an inexpensive vehicle. The answer your question is though they can't get insurance for rentals if you if you don't own a car. If you will end up paying much more so from the rental company for your own insurance that you will for the actual car itself. So right by getting some transportation. You see yourself a lot of money every single time what he goes before it wants to record it cost a fortune if he gets a carton Costa next enough. So it's a big big for the reasons why. You need to have a car even if you live in the city ethic and medical learning that this eighteen million sales level is just off the charts and it's caught everybody by surprise. My daughter that's in the city and she thinks she has a car older Brothers you know if that its chief imam any views your car. It is right I. I digress the market by the way we haven't hit doubt 20000 but the Dow is up six points 191908. S&P is up crude. Much moved there I've got a handle on route 5350. Force consistent with here and it's kind of leveled out here hasn't done too much either yesterday or today. But we are off to the best start of the year in the stock market since 2013. Last year this time we had the worst start of the year. Of all time. But remember it means very little or nothing because the worst start of the year they had us all worried last year and up leading to a twelve point 5% gains though. There's not really a whole lot of analytical value to. What happens in the first few days affects the rest of the year. But I would still rather start up a and what tween us I don't ever positive day any day you know even Angel I I enjoy them. So yeah but but but the the fact that there's an up or down day on like the first or second trading day. They give me just say bury that if the market is up or down. For the first five trading days that tells you how January will do and how January does will tell you how the year does. It's turned out that's been proven not to be true because. The problem is if if it's up like a hundred points in January. That's a hundred point headstart. To an actuality that in most cases goes higher anyway and the price at the end of January eaten up January. Is. Only marginally higher for the year than like any other things so there's not a whole lot of analytical value to these early year moves but it's not stepping up. Do you have a Netflix account I do not I've held out and I know it's dumb to do that it's a great value. They're doing really well though infection watch Netflix easily do you watch on your sons or do you just didn't. Because that's that's almost that that my family yeah if you ask any accused him Netflix count they don't say oh yeah I've got my dad's. If that's kind of how work rate could get one account and I think I've allowed half five users on my account over how many yards and 50 yeah all like achievement if one drops out that I get next the analysts ethic ethic and and that can I rely on the good the reason you wanna get a Netflix account is give them immediately saw a news at night. And then when you haven't heard from normal for awhile McGee doesn't coy for we could change the pastor. Change the path it is a it easy child retention tool if it forces your children to communicate with you. When you when you give them access to your Netflix account it's really quite comical I do that periodically desperate tactics and vehicles. I'll change it on Wednesday and within minutes you know leave that night at dead what's what's that it's a matter. My son already shares my Wall Street Journal economy we've got a break ties here at some point. And I'm literally like well you're dead Alexis is killing it in terms of you know the the production that they house they've got three out of the top floor. TV shows up there. On Tuesday symphony AM released its year end data for the year just ended 2016. Season four of Netflix oranges the new black. Was number one CDS is the Big Bang theory came in second. Followed by a stranger things and for house also of Netflix. In designated survivor and ABC so Netflix is not only a source of well unlimited cheap movies. But it's also been a tremendous developer of content and that I think has been a pleasant surprise especially for owners of the stock. Would pass it means stocks up again today it's 128 dollars this year. There's constant speculation. That Netflix will be acquired who would be a buyer Netflix well obviously Disney would be a consideration. I think for for the life of me I don't understand why apple hasn't bought it you know I think it would. Immediately. Give apple credibility from the contents standpoint they I think they've missed the boat I think issued about the stock seventy dollars ago. Yes if it depends on what apple is going to become like I can see that argument and I can definitely understand where it makes some sense. Disney those seems like too logical. A match and I wonder if that's the nice thing for stockholders Netflix is knowing. If that's stock goes down to low their support. In that is I think Disney would scoop dumping up with a reprise the promise the price is just so high right now. And Disney's Disney's very disciplined and acquisitions Bob Iger. Is not gonna vastly overpaid for something that would be sexy and nice but at that price comes down I agree that there's such a logical. Purchaser acquirer that company. Can think of anybody else who would be natural because it's not an easy company buys its 55 billion dollar company now. And to get the whole thing you might have to spend seventy though. In the age because you're gonna pay a premium biased with who else could buy it isn't even Disney it's a huge stretch for distant appeal by. It is that it is still would be purchased all the Disney could definitely afforded. Microsoft but really you're right with with with this changing digital environment in the changing. Way in which we watch things and consume content like this. I would opened up to pretty much anybody I mean. I I think that Microsoft is an obvious public why not Comcast. Why not CBS via. You did you could you could anyone to pick a number of companies that helps educate. You have to be big to be able to buy. You know they that's a thing god it's such. Huge company. You know this is accompanied it is you know ten years ago this company nothing you know today it's the I can't believe the market. 55. Media market Scott in there there's a lot of growth built into that price and that's the problem right well that's what's keeping Netflix independent is it's really not appealing to anybody. At that price that's a very aggressive valuations so that the goodness of Imus that's actually protecting them from being eaten up. Hurry pay up next worded interview eight. Business owner John Doherty whose that the president applied micro image is gonna join us in the studio during our next segment if you're a business owner. Go to our website we love talking to business owners in you can come on our show and talked a little bit about your business its financial exchange showed dot com. Talker so what is the gatekeeper on that program he'd be glad to talk offline but that's what we're doing next from our insurer match dot com studios. Your business team talking about your business needs this is 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 music faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank 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 team traditional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Minarets DNC equal housing lender stimulus number 449250. Subjective credit approval leader bank a step ahead. The holidays -- over the new year is underway and now is a perfect time to recheck your schedule and 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 -- hi this is Jason -- of the financial exchange radio network if you're like me and 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 -- third car from my older daughter because lord knows she didn't want to wait around -- -- to borrow mine call insure a match today at 844 or 99 match that 844 and 99 match and through their Massachusetts division and charter let them researching present you with information that is bound to help you I saved over -- thousand dollars a year -- minute deal and I know they'll try to do the same for you call today at 844 and 99 match that's 84499. Matched or visit them online at insurer matched. Can't according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and his average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you had to write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection plane in advance life tends to get in the way if you were -- loved -- are faced with an unexpected nursing home stay and you haven't done your planning before you write that check pick up the phone and call 8668485699. Get some expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they've put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer did your free guide today and learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our web site legal exchange showed dot com. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know win the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm BR strong advisory group has put together a 2017 retirement guide to can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last college right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered securities America incorporated member finreg SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. If you missed any part of today's show not to worry go to financial exchange showed dot com and click listen. Then click on demanding catch up on every segment. You'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show Doug come. Our feature local business this week is applied micro image. John Doherty is the president and John joins us jumping to drop them off the service for have a major appreciate it great to have you here now your endless scanning business but it's not really as simple as people might think. What do you actually do what is your company do while we're in the document management business welcome back in 1961 when we founded we applied micro mill. In the end. As things added to change transition we changed name to applied micro image. To better show people we did so we not only still microphone for some people but we ski and records we scan microfilm. Which to orchids offside. Site media storage and document shredding. It's not what I would call high technology business it's more of a service isn't sure where you're you're finding a need in filling it. I imagine. It's a fairly competitive space. It's very competitive like what what what's your sales pitch as to why. You guys are better the competition what do you do better than the other guys and tell us what the server should actually provide in the real world to a company that feature real well. What about like its competitors is eighteen billion dollar company. OK I'll username as one of the many pat Patrick gave up a bears with their size exactly why would you. Why would you go with me when you can go with them while they would enjoy your business might need to do with the fact that I'm going to do anything. It takes to keep your business service service service right that's really what it's about this is really not. Mean this is not a proprietary technology known you know someone says yeah this is this is a mousetrap the nobody else says you don't have that mousetrap. What you bring to the table which a lot of people do it used similar situation. Is you got out work the competition and be better. Right correct and you have to work with the customers a consultant Marcus sales person man. When we go into sick customer in recent customer they hit 240 file encampments. They wanted to scan everything. I quoted out came to a 1101000 dollars. They currently using information. But they needed it out of their office that's what we did is rather than skiing at all. We boxed and up are coded we stored nowhere house. And they can get those records any time anything. So weary guys located them and weird do you wish your client base I imagine the clients could go anywhere right we have applied in California the cemetery. A seven we do once a year we do big cemetery. And we do while they're interment records notes that we do we flew three people three key people while myself. My wife who have been in business with one point nine plus years and my operations manager we got that we ID camps and we scandal in camera records that we took back all those images on hard drives. And did the data entry team to dump into a software program so now when you go into busy right apple. You you can you don't have to have everything to find her they know exactly which is located. Now you you you went to work there right after high school. How'd that work out you've been there obviously a long time you're young guy don't get me wrong but after I filed 62. The fact that it. We've been there are few years and now you can start the company does have a friend of mine George Leslie. Who when I graduate before graduate ice placed appeal paying off his house in the summer I and so in 72 after dismissing Vietnam. Dogs apple. He said what are you gonna do and I had no idea who want to come work with me and you Jean during driver. In one thing led to another. Fifteen years later we ended up by him while he status company called the butterfly place that Chelmsford. Which is that somebody one. Okay we'll put the analyst Tucker can. And so you guys or really involved in all aspects scanning. Data entry storage. Is this something that you can market on an ala carte basis or something that everybody is to get like all the services. Ohno now. Some people just have a scan the records in after having a ski in the records we OCR them which is called optical it's in optical character recognition. So if you are trying to find somebody but you don't know their first name when you don't have the Social Security number you just have to key in certain characters to find it. Automatically go out and read before you. That you should be given eighteen billion dollar competitors mean and imagine because there have a significant current with a capital. But who like what you atop the companies that would be competing with what you do. Within their names we recognized that the absolutely. But you know not that's not me now. But some points we are you talk about. Well it's funny because one of the clients as I said wouldn't be a big project flawed and we're gaining all the microphone to meiji university in Boston. Boston University. But I can't tell you. Whose records were game because there. Confident absolutely but what what will be some of the other points and I would Biotech industry ski in laboratory notebook clinical trial data patents. Now. Are you able talk about like growth rates like how fast you guys are growing maybe just a rough ballpark size of like how big you are. Well we do 100. Here under a hundred million. You're about large category of the minus 100 million but what will what's the growth rate for company like this and and what's the outlook in and to what extent are you vulnerable to changes in technology the ability to. Maybe this stuff can be done on line with the cheaper. Well right now as far as online goes we we do a major hospital in Boston. We ski in 35000. Of their engineering chorus for the facilities why. And that's Children's Hospital Boston can tell you that look at and we store those all the cloud now before that news we just store them on a server. So now anybody in the world that they give permission to can go in and look at those drawings can bid on any architectural changes that are to be made. Why not I you inch can you mention that because the cloud. Gives you on Kate. I'm limited growth capabilities isn't that a real game changer for the perspective of a company like yours I can't think of a better example of a company that's gonna benefit. From access to the cloud that's right right because you can compete on equal footing with some of the big guys that's right. However a lot of customers get nervous system geez I don't want my stuff financial operations cut idealists or innocence or they don't want it on the clot. They want me to ski and everything for them delivered Obama. Big cod drive. And then they can access it themselves how do you deal with security concerns how do you deal with potentially hacking things like that. Well we outsource our our service we don't have a full time my tee we use a company called mantra. Very good company. They set up all the firewalls that we need. To to handle that. Final question what what do you see as the future is this the type of the second driver over the long term by just a simply out working the other valiant service service service. Or is this something that technology. Potentially threatens the way threatens frankly most businesses in the country. Well when I first bought the business twenty years ago. My cousin told me not to buy it at the microphone company filmed going the way the horse somebody that's my first to about everything and everything changes in so. Microfilm is still used today in the last 500 years cities and towns but they went down to city town twenty years ago on. You had a record I'm holding up a floppy disk is that I don't work well on the radio and I love it OK how can you read this you can't. So microphone for cities and towns is still key. So we will do and that technology in which skier first. And we convert the ski and images to microfilm which they doorway so there was ever a disaster. Electronically hacking some destroyed those images right they still have the microphone. So you have to back up. That's right and in twenty years ago people all people won't even be around this more than ever exactly exactly so. I'll just continue to ride this wave this was I can't yet put both girls for college weddings. So it's been a good lifestyle. This firms that's fantastic wealth John Doherty John X Doherty John Xavier guard thank you I'm biased because I'm like you know Irish to put that. John isn't Irish Johns I at a particular phone delete portions John thank you very much. Great great businesses sounds like and I wish all the best picture thank you very much and we love the show work everybody work licences they feel will take the endorsement. Applied micro religious the company. Appreciate we have a lot more just ahead including Paul page from the Wall Street Journal on Smart wrote that much more still to come. You're missing the financial exchange reinsurer match guys cops yeah strong. Financial exchange on the financial exchange radio network. 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 that just makes sense give leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. Hi everybody very Armstrong here from the financial exchange them joined by. And leader bank has an exclusive. Program for those of you who are landlords here Cora collecting rent from one tenant or 401 tenants. He grant might be something you want to look into. Jake talk to us about your how long has it been around we've been offerings he ran for almost two years now two years and his have been successful spent extremely successful we've. Offered this product to really target hardly in the hours were still collecting checks in paper form in this day and age. And the purpose of zero needs to really bring everything online meet you electronic but more importantly. Had to be sedated and forget it so what's a landlord hazard ten and set up. And really there's nothing that needs to be done until the leases over. The rent is automatically drafted from the Tenet's account can you choose the date of the month is it always the first of the month or could it be that there there. That's a sign attendant on the fifteenth to to be the fifteenth of every month yup absolutely so landlord sets the initial date. Whatever day of the month that is it will be the same date every month that'll be collected how much does it cost the landlord to set this all so it's absolutely free if delaying or banks with us OK so if you're a landlord knew if your bank account leader saying you get this is you rent service for we get for free. Now if you have a bank account elsewhere will still provide a service for small monthly charge. And if you ever decide to move your bank relationship over waive the fees that's pretty pretty simple it's pretty cheap. And it's a great product our landlord perhaps we love love it all right it's called Z rent and the website for his www. C rent dot net. Or you could call leader bank at 8776917900. To learn more. 8776917900. Collect your rent electronically makes an awful lot of sense to me. The phone number again 8776917900. Or visit. Zero rent dot net. What are people saying about a team all mountain wolf they're failing out grated and you can tell they can get special pride in the mountain there to a dozen places and we can always count on okay. Keep those modern list including two enclosed in Orange bubble chairs are ranked number one by ski magazine reader X 121. Trails 98% snowmaking and great guest services top that I have no team will not resort. Always amazing. Always down always home but today at gmail.com. According to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year in this average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you read write checks to the tune of 141000 dollars every month. Well it's certainly a deal to develop your asset protection plane in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing home stay and you haven't done your planning before you write that check pick up the phone and call 8668485699. Get some expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years they have put together a brand new guide for Tony seventeen called planning for procrastinators. You can not put off this call any longer get your free guide today you can learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know win the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm the Armstrong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last college right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. These data on the markets all day long. And our 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 showed does come. We lost a lot of great American celebrities last year and we're doing trivia today based on one of those celebrities his name of course Mohammed Ali. Who was Mohammed Ali's opponent in the rumble in the jungle. And my generational know the answer this one pretty readily younger ones may not. Our text number is 68680. In the first listener with the correct answer to that question will win a 25 dollar gas card. Who was Mohammed Ali's opponent in the rumble in the jungle and again our text number is 68680. Ever that was a big fight to. Every oh yeah I mean it was it was amazing everybody's into that and we're all. Remember listening to the on the radio they had it it was blacked out and it was a pay per view. And we would listen on the radio to a recount each round. It was really late at night you know and that is if there's a lot of drama going into that flight. Audit anyway historic battles I mean absolutely the storm and I don't think boxing will ever be at that level that was just over the top. You don't week we talk about Amazon quite regular Amazon.com. And you know you think of them they've they started off victory called John they are bookstore here you'd buy paperback books on line. Twenty years ago from Amazon they would arrive in the mail online the sudden yeah then then it became me. A store where you can buy your books electronically. And then they started sold a few other things and now I think they have over a million items for sale on Amazon dot. And business insider was to do story mentioning that Amazon is now bigger than most brick and mortar retailers put together. They are huge. But their their barometer for determining that was market cap and the probable market cap is that is more than your term popularity contest. Then it is an indication of actually what their shelling and how much money they make so I'd buy that measure their astronomically day. In the real world I mean they're dominating on line in the number two online is not even in the ball park. So I really is the big story Amazon has eaten into a lot of people's business. In right now market cap wise they are the biggest they're nowhere near as big as Wal-Mart in terms of sales and profitability. But in terms of what their worth they're now the biggest one. Neutrality. The I think you've experienced Wal-Mart dot com you've shopped there and yeah have you tried jet dot com I have not and I know you're a big fan. I am I in Natalia and I was asked earlier this morning in an interview that has conducted with that one of our affiliates you know is there anybody. That can compete with Amazon in my opinion it is Wal-Mart they you know I think Wal-Mart has been grossly mismanaged the last twenty years. But they seem to have they've got a young senior laden who's run in the deal there. He he invested billions of dollars in Wal-Mart dot com. And watched it he said you know what these guys are built they're not getting it done and flush the whole thing he bought jet dot com. I used it on several occasions now. I I will grant you there are items you can't find on jet dot com they have a fraction I think we have approximately 110. Of the inventory. That is available at Amazon.com John Mark. But the differences. If you're if you're willing to take the time. You can just save an awful lot of money. By just comparing. The price of the product on Amazon.com. To jet dot com you'll find at the services equal meaning. You EUU quick delivery you get free delivery I think you saw if you ordered fifty dollars worth of goods and services. In and their advantage in my opinion that jet dot com this is the pricing power that Wal-Mart gets them yet. This is the argument for Wal-Mart I mean they clearly are way behind Amazon in the online business it is go to Wal-Mart dot com compared Amazon.com it's night and day different. But Amazon I would argue that Wal-Mart is the only company. That has the advantage of time because they are by far the most profitable. In store retailer which is where more than ninety cents of every dollar to who spent. They are the only company I Gergen has the luxury of time to get it right which they eventually will look a lot of what he Amazon does right now in terms of their. Huge technological. Advantage. Well to some extent the kimono ties everybody's going to be really really good. Within five years. At that point there's not going to be unique this to be an online merchant to get stuff to you and a couple of days at that point we battle of who can deliver stuff cheapest and most effectively. Wal-Mart does have the scale to get it right and jet jut jet dot com gives them technology. Pull potentially to be a competitor but look. Not that you criticize him is on what's whoever they are just getting everything right and they are totally winning right now and they are the stars of retail version is no question about that. You know couple weeks. Ago I turned 57 years old and at that need checks it you know I have to start getting serious about planning for my retirement at 57. You know more than likely I'm within ten years. A win I'll be retiring. For him Europe from the radio business in the wealth management business I put together guide that is you worse for the taking. It's all about estimating your retirement income needs can't really retire into you know how much money right. And you need to know OK what are my bill's going to be in retirement. And then what is my income going to piece of the purpose of the guide that we're giving away during the month of January and this is on behalf of Armstrong advisory group the purpose of that is. To help estimate what your expenses will be. But also to help you estimate how much income you'll. In retirement how much income can you expect from your forward capable. How much income will come out your raw fiery Hamachi and pummel you to derived from Social Security if he'd like to get a copy. Of the January guide compliments of Armstrong advisory group here's the number to call 800. 3934001. That's told free. 803934. Zeros or ones. It's all about estimating. Your retirement income needs it's an exercise that you need to go through. If you are within ten years of when you hope to retire the full number one last time. Is 800. 3934001. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a tax professional familiar with the laws in your state. You know I'll tell you Tesla continues to defy gravity John and their shares are up three point 8% despite the fact. That they missed their sales ask us. Well again there's a halo effect here for everybody in that industry and and that's part of it but it's it's not all of it for sure if or why don't all you think. Well all at anything you do with cars is up 3% today so. But again Tesla is a certainly a different kind of cars angrier you it's more what they're doing individually hero on that particular number fourth quarter sales up 27%. Really their issue very is not a matter selling cars which they can do really well. Their challenge has been meeting the quota of production and makes a nice problem to have which is. You can sell more than he can make but production snags have been the one little issue and really their Super Bowl. He is this year which is the the model three. A 35000 dollars today and intended to broaden their business beyond luxury cars and suvs this 35000 dollar car. Is involved in the big time showdown we're gonna find out if Tesla is going to go mainstream if they can do that it was significant price wise. The question I have various can they do production wise. Yeah elegant and that's a very good question the other question that I have is the resale value of use tussle. You know right I followed this company for a long time. And you know to get. Tesla model SP 85. Which is you know their top end. Sedan you're talking hundreds 15120000. Dollars. Three years later on those cars are selling for less than half the price. And that's that's a big concern and all asleep. The problem would buying an emergence of emerging industry like this is what is everybody's wrong and Tesla doesn't make it. And I have myself 140000. Dollar car. That I assume it was in the last 6789. Years or more rate tenure Chenault of I got my used car and there's no more Tesla. I don't think I can go to GM or Ford or my in my local Chrysler dealer in and get that thing repaired. Straight service could be an issue anyway it just a story but this Tesla stock the symbol TS LA it's up three point 7%. At 225. Dollars. Per share speaking of Tesla we're going to be doing an interview with Paul page from the Wall Street Journal segment. We'll be talking about states wiring up the road as cars get smarter and actually can see this around New England you'll see. Some of what we're talking about on the highways throughout New England we've seen the roadways becoming wired. That's our next topic and also we will have the answer and the winner from our trivia contest next from our insurer matched dot com studios. Barry Armstrong and chuck it's not a talking about business financing your wallet. Well about how to keep the green and it seemed we hear from the financial exchange radio network. The holidays are over the new year is underway and now is a perfect time to recheck your schedule and 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 plans hi this is Jason Wolfe of the financial exchange radio network 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 for my older daughter because lord knows she didn't want to wait around anymore to borrow mine call insure a match today at 844 or 99 matched that 844 -- 99 match and through their Massachusetts division and 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 844 and 99 match at 84499. Matched or visit them online at insure a match dot com. According to Genworth the average customer private room at a nursing home in New England is 126000. Dollars per year and his average cost is expected to increase to 169000. By the year 20/20 six how quickly would your assets being depleted if you read to write checks to the tune of 141000 dollars every month well it's certainly a deal to develop your asset protection plan in advance life tends to get in the way if you were a loved one are faced with an unexpected nursing Homestake and you haven't done your planning before you write that check pick up the phone and call 8668485699. Gets an expert advice from the law firm of Cushing and Dolan which has been helping families just like George protect their assets for more than thirty years -- put together a brand new -- 12017. Called planning for procrastinators. You can not put off this call any longer get your free guide today and learn how to protect your assets 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank 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 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and Miller is number 449250. Subject to credit approval leader bank a step ahead. If you're thinking about retirement soon it's time to make some big decisions do you know if you should roll over your employer sponsored retirement plan into an IRA how about changing your investments to an income focused portfolio do you know win the optimal time to collect her Social Security is hi this is very Armstrong and there's so much to consider before you stop working my firm the Armstrong advisory group has put together a 2017 retirement guy that can help and it's yours by calling 803934001. You worked your whole life saving towards retirement doesn't make sense to get professional advice to make it last call us right now at 803934001. That's 803934001. Or download a copy from our website at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seeking advice of the professionals familiar with the laws in your state. Securities offered to securities America aimed at members finreg SIPC an advisory services offer through securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated. If you missed any part of today's show not to worry good financial exchange showed dot com and click the listen. Then click on the mend and catch up on every segment. You'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show does come. This segment of the financial exchange brought few lines you re accurately and lord take advantage of zero it's a fully automatic online right collection tool that is frequently or two with an account. At a participating banked it always free for Tenet's sign up they have written checks deposited directly into your account. Call today 8776917900. Or visits he rent dot net. And the rumble in the jungle was historic boxing event that took place at 4 AM on October 30 1974. In what is now the democratic republic of of the Congo is pitted the undefeated world heavyweight champion George Foreman against Mohammed Ali. Ali knocked Foreman out of the event during its eighth round. And Dave from Nantucket got it right he gets a 25 dollar gas card to mobile. Congratulations finally don't forget about the Armstrong advisory group's offer of a free portfolio review many aging help you pursue your financial goals. Call two day total free 803934001. 803934001. And set up your appointment today Armstrong advisory group and the securities America companies are an affiliate. We're losing thousands of America. Americans in automobile accidents. Each and every year we're joined now by Paul page from the Wall Street Journal to talk about a story you wrote states wire up roads as cars get smarter by Paul RU. They bury a governor or you just don't. Great terrific so how many people die. In automobile accidents per year and is it on the increase. Well it's about 35000 people talk to throw to every year and that's that's about a hundred people that are free today. It is on the increase that's been on the increase from last two years oddly enough though it's called. It had been falling 48 curriculum more than 60000 people a year we're going back in the sixties. And since that we've had in the station's technical efficiency built motorcycle helmet. All that kind of content including better wrote automobile. Well and so that's that's been cut down to about 35000. Right elbow problem. And going to open last year the first half of the Euro for a statistic that was the the highest we have the highest rate of increase in highway death so in fifty years so. And it's because it distracted. Distracted driving drunk is directed. Distracted driving is 11 issue bitten that may be the most important issue and others who is simply people are looking at these steps and wondering were we. You know kind of complacent. There are these the depth we're going down but also you know the economy was an adult Turkey were people were on the roads. Well we made a lot of advancement but you know a few people wrote and so that translates into fewer deaths were accident so. But distracted driving is a big and so right now with the US steel to see. We have focused technology. Addiction has social media. The interesting thing there is a lot of the technology that's supposed to make the right thing. Sort of safer and more pleasurable. And you have ways of course of various mapping services. Also takes her eyes off the broad. Know what what's being done to make the roads safer likened in Massachusetts and New Hampshire they've done away with pulled its rate you used simply drive along the highway and you're not slowing down I would think that that's got to help with traffic backs. Absolutely there's a lot to look there's a lot of attention to various things he did this sort of you know it's it's it's step dole word infrastructure but that's only the structure to everything it's simple as labor market for it would come come across what I would totally blames disappear so. There at Purcell the source virtual lane markings while eating. It's easy passage of other technologies that'll lead to simply go breezed through told boost. And the idea is that is that you keep traffic moving and you keep traffic moving at a steady steady pace. All those things. Those additions expect fourteen feet past the content on to go to implement break out those there was short supply. Do you think that we are heading to a situation where we fully autonomous when it finally does come. Will be at first limited to the handful of truly Smart rose like for example in Boston might be route 128 in 93 and the Mass Pike only but that's our kind of entry. Into the whole world of driving those cars. Yeah I mean that there is there's a lot of technology all the all the attention and and the technology of some sort sort of space page and tips and kind of future point. Refer back a long way to. There everyone moving. Just simply control will be released tracks there's a lot of interim technology that's really important. Technology workforce talked to each other a little bit. And let each other know where they're going. Read the environment correctly. And and so you create a lot of safety were seen battle ready. Well we're cores or or interacting buses. Or interacting with with traffic signals. Well it's called this the sort of intra technology on on the way to what space age future that maybe. You know 203050. Years away. But well we're seeing it can't be implemented in the ways that that you'll still recognize you you may be drawn to approach or or statement. That's CP. He's. Well the speeds change the speed limits change for him to put another dirt roads in the Washington area yeah and us. A home and suddenly and you kind of breeze along in there and before you know it you have and actually talked you have and how that accordion effect that we all hate right but it. Courses fender benders the traffic partly ups of the frustration but he heated heated feelings. But you reacted in advance of trouble which is a key thing. Exactly exactly and so that that's the car. In the future. The car maybe make it its message directly from audio signal up from traffic signal from. From. Will move to a communications devices that are out there that are using various technologies personal development bit. And the core itself may it could have autonomous driving technology may respond to that without you doing much of anything and simply kind of slow down and react to whips to which department. Office without doing anything at all. All thank you very much for your time we appreciate. It Paul page from the Wall Street Journal you know John. It screams one of the big problems. With where are autonomous curses. The lack of the federal standard. Yet you have to have a federal because you're gonna drive your car from Rhode Island Connecticut to New Hampshire mean. Massachusetts. Screams to me for federal law it's them require a lot of national standards you have to be shared by everybody otherwise it doesn't work. Otherwise we'll get you know incremental improvements as he mentioned with semi autonomous. But the dream to fully autonomous. Require a lot of people cooperating in a lot of ways. Well you see it you know the party got the technology to its what are the situations where the technology. Is exceeding. The infrastructure rightly the US EC self driving trucks. Tesla is already producing self driving cars looper has them on the road in Pittsburg and in Arizona. It if it's fair. But the infrastructure. Is so antiquated can't facilitate the use of these this technology they want to thank you'll for tuning in to the financial exchange the market is up. Is today today's the day that we hit doubt portico of the I don't know but we'll let you know more. Thanks for tuning in very Jon and chuck Tucker from our insurer match dot com studios.