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Full Show 1-19-17

Jan 19, 2017|

Full Show 1-19-17 by The Financial Exchange

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This is the financial exchange with Barry Armstrong and sharks are. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks done us. Time is money. It's an old saying you've heard a million times before your time is valuable Mike time as valuable and even trucks are as valuable hours in the day. Hi everybody it's very shock with you here on Thursday it is the eve of the inauguration. Of our new president and I wanna talk about time because. I don't know what you chuck but I am sick and tired of sitting in traffic I've been sitting. And my New Year's resolution was to try to be more time efficient. And I've been calculating how much time I've been spending extra time sitting in traffic. I've been averaging six to seven hours a week in extra traffic how about you. I'd say. Probably somewhere in the fortified our range. You know it really depends. On the week you mean look there's there's some days where might take me two or three hours to get home because of traffic. There are others where I have an easy half hour commute and there's enough snap to worry about so. It'll vary but I'd say on average. You know probably somewhere around forty minutes a day so what does that come out to that to it so maybe three and a half four hours a week is where I am I think. Well I've been tracking it. And if it's most discouraging you know like a little drive that might normally you'd say okay I'm going to be home in thirty minutes turns into an hour and a half commute. Yeah me drive home from work which is only ten months I have a ten mile commute from work. Some days it's fifteen minutes other days it's 45 minutes and oh yeah it drives me. Crazy it drives me absolutely crazy when I'm stuck either on the mass hiker route 95 per week wherever I happen to be. And I'm stuck in traffic and then I came across this story in business insider. And the lift CEO list is the sister the younger sister issued caller a little step brother to Lowber. And they have a simple plan. That could make traffic disappear in five years and heck I think that it make it disappear even faster than that if they implemented this program which. I I I don't know about how you feel about it but I chirpy willing to pay a little bit of extra money to avoid traffic. You know what the what the lift CEOs talking about doing. Is effectively. Investing in a nationwide infrastructure what do you call Smart lanes that are pretty much carpool lanes that charged vehicles. With less than three passengers for access to them. And so pretty much what it does is it would also work in real time with the amount of traffic out there in terms of how much that would cost. And so what it does pretty much did it they can it's a congestion based pricing model where as traffic increases. The cost of people who are carpooling. Goes up there. It probably would reduce traffic significantly. I think the chances of getting off the ground are probably next to none of bomb just because why wouldn't. So why wouldn't something like this the immensely popular I've omelet I'm considering this and I'm saying to myself boy. I'd happily pay an extra ten or twenty bucks a week to get my seven hours back. Wolf the question is how much do you charge in order to make it effective. Okay and I think for a lot of folks who were kind of in the area where they're you know scraping by to make ends meet an extra ten to twenty bucks a week. Might not be something that they are able to pay and so unfortunately. You know either a they and being continue to be stuck with traffic or they do it. You know what they give up in order to avoid that traffic. I just don't know. And I had just I don't know if there is an appetite for congestion pricing in the US right now it makes a lot of sense I mean you at any city where you've seen it done to this point it does have done it. It does have done in the past week yeah I mean it it has the impact of reducing traffic but it does add cost to people's commutes and asked the question. Is you know doom are people going to be content with doing that. Because really what congestion pricing is it's a traffic tax that's that pretty much what it is it is a traffic tax. I don't know we have an appetite for more taxes. Related to driving at this point. They've done it in London Singapore and Stockwell they've all. Implemented what you're describing is a traffic tax. And we've seen a 22%. Decrease in traffic volume when it's important I mean mrs. It's getting bad up there chocolate when you. The U drive into working you live in the sitting your driving you're doing the the opposite commute yes what would visit at it like how much time does it add to your commute to get out to work. We're getting out I had I hit zero traffic. I I have. Almost never hit traffic in the morning it's may be one a month once every couple months that I hit any traffic coming out. Pudding is all in the afternoon. Coming back in at night I would say it generally takes me about twenty to 25 minutes to get out in the morning. Coming back in I usually budget somewhere around 45 minutes to an hour suits about a half hour a day. Maybe forty minutes today is what I typically see there are so. You know that's how I can get to OK I've got about yet two and a half you're three and a half hours of traffic a week. If something like that and would I be willing to pay an extra twenty dollars to avoid it. You know I don't know it's yeah it traffic's annoying but I. My perspective is always being in the we'll give you stuck in traffic you're you're stuck in traffic and an honestly. Sometimes is nice is that going to be in the car alone in just decompress a little I don't I don't mind at that time. At this point would I do mind if I'm completely not moving at all that's. Frustrating but I'm going ten miles an hour and still get there in I can annual night. BIP in the camp willing to pay. Fairly sizable amount to get my seven hours back I end I don't know my tolerance would be but I'd pay it. Right now play our poll question today is does traffic cost you. More than five hours per week yes for me it doesn't by the way so for we posted this whole question about half an hour ago. It's on our website financial exchange showed dot com 55%. Of our listeners truck are spending more than five hours a week entrap. What in and here's the question let's say that you have someone who's making. Called fifteen dollars an hour. Not a guy. Someone's making fifteen to early and say 06 and was making call 25 bucks an hour which is what the average wages in the US okay. So would make it 25 dollars an hour let's say they're stock. In five hours traffic a week. Are they going to pay four dollars an hour. To effectively save that time I don't know. No they're not that the rich guy will pay it and that split liberals look at progressive tax in and misses but just the first guy paying it doesn't get rid of traffic. Well eat eat eat I'm paying an extra champagne extra hundred bucks a month. Two to avoid traffic that money for the government that lowers the tax burden for those that are rather less affluent. I just think that this is part of a solution it's not the only solution and as he wouldn't pay a hundred bucks a month to avoid traffic no. I would in a heartbeat I would pay. I'd pay a hundred bucks Charlie Baker signed me as it might be all of us and you know if you think about it. That technology is already there track we've got these transponders. Everybody now is getting it transponder because in order to drive on the highways. You have to have a of the ways they charge you a lot more freer tolls. Or in the technology is easy to deal with I mean we know that that side to be dealt with pretty easily pretty rapidly I just think this is part of a solution the bigger solution in the long run. Is moving away from a car based form of transportation we are. Heavily reliant on cars in the US more than anywhere else we have the highest rate of car ownership out of any country that is more than 400 square miles so. From my perspective yeah you you can do this to try to improve things on the car side. But it's really about building better forms of transportation is well. Increasing you know buses increasing. Andre you know the use of trains and subways and so forth that's a equaling the problem with cities. You know. Getting more people like instead of by taking my car I'm gonna walk in gonna bite you know bike sharing ride sharing in things like that. Those are your alternatives. That helped this along. This is part of a solution but I just don't know if you have the appetite in the US were right now even though it does. Makes some sense but it's it's part of the solution. You hear on paper you that you don't think you'd be popular watched don't think I would use I mean I look at this now as they looked at hundred dollars a month I'd rather save that money. And used on something else you know that's a thousand bucks a year just save some time on traffic what I like to yeah I just don't know if I wanna pay thousand dollars a year. Just give traffic. Just need more. Don't mean the world you know while I traffic. Traffic is a sign that people are doing well because they're out there spending money they're working. It's it's what are we error when it runs at NASA traffic and go meet with whatever their turbulent. Whenever I say you know what all these people are doing something that's that's a good sign I like the fact that there's traffic as a means people are busy in their out working. Mean people are texting while they're driving no those are accidents. Death at the. And that's what it was so much traffic to say too many accidents. Hey I came across a story in the Wall Street Journal today I'll read the headline Tia. Mystery fungus sparks NIH national institute of health crisis in heralding trials. Patients in its boss. Now out of I'll tell you what happened in it quick summary. If the NIH state there working on some lifesaving drugs it's it's saving lives at the united each. But they found a couple files with fungus. And the FDA has come in and basically shut down much of the NIH which has caused people to not be able to get their cancer treatments sore and talk about that in the next segment. We will be joined by Tom Burton from the Wall Street Journal to talk about the mystery fungus the FDA. The national institute of health and you might say well I care. If they remember is that cancer trust me you're gonna care about this next story. From our insurer match dot com studios there. Breaking business news daily only here. On the financial exchange radio network. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by 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 analyst number 449250. Subject to credit approval leader bank a step ahead. According to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and the 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 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 have put together a brand new guide for 2017 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 web site legal exchange showed dot com. Hi everybody very Armstrong here from the financial exchange and I'm joined by Jake too who's a senior vice president and leader bank. And leader bank has an exclusive. Program for those of you who are landlords if your corrupt collecting rent from 110 and their 101 tenants. He ran it might be something that you want to look into Jake talked to us about zero at 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 online meets electronic but more importantly. How did he said it and forget it so what's a landlord has their tenants that up. And really there's nothing that needs to be done until the leases over. The rent is automatically drafted from the Tenet's account can you choose the date of the month is it always the first of the month or could it be that if there. That's a sign attendant on the fifteenth could be the fifteenth of every month yup absolutely so landlord sets the initial date. Whatever day of the month that is. It'll be the same date every month that'll be collected how much does it cost the landlord to set this all so it's absolutely free if delaying or banks with us OK so if your idea landlord you have your bank account leader saying you get this is you rent service for getter for free. That's you have a bank account elsewhere will still provide a service for small monthly charge. And if you ever decide to move your bank relationship over waive the fee so it's pretty pretty simple it's pretty cheap. And it's a great product are landlords are absolutely loving it. Love it all right it's called see rent and the website Ford is www. C rent dot net. Or you can call leader bank at 8776917900. To learn more 8776917900. Collect your rent electronically makes an awful lot of sense to me the phone number again 8776917900. Or visit. Zero rent dot net. Security suffered through securities America inked. Members finreg SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Stay on top of breaking financial news by becoming a member club Harry's brigade mug on the financial exchange dot com and sign up today. Tom Burton from the Wall Street Journal wrote a terrific articles. Well cancer research being done that the NIH hung in a REIT UP. Opening paragraph before I introduce Tom. The National Institutes of Health reported last month. That a new cell therapy. It completely reversed metastatic. Colon cancer in a patient and could help tens of thousands more the kind of dramatic breakthrough. That has meet NIH national institute of health. That grown tool of government and run medical research. Thomas' with a breakthrough welcome to show. I couldn't thank you very much am I happy to be here. Unum all of us I think have somebody in our lives who has suffered from cancer in May be perhaps died from cancer this is tremendous. Advancements that are being made us especially as it relates to cooling colon cancer it's got to be saving lives. No question about it I think it is the it its early on as far as exactly how many people will be held by F that there estimates that it certainly could be in the tens of thousands it's. It's it's quite a scientific advance and that's. Attributable to one team in large part that the NIH although there are some other great scientists. Culture where working on on similar things. And it's not just colon cancer rates other trophy types of cancers well from what I can gather in the article. Doctor Rosenberg believes that it that it this particular therapy applies to what they call in the epic Helio cancer that is to say. Painting on the lining up found internal organs. You know but largely GI organs. I guess they're they're working toward figuring out exactly how many others that can be effected. No I'd be the basis of your story was the discovery of fungus in two vials. And it seems that this. Discovery. Which gave it to sounds like somebody blew the whistle inside the you know make it. It sounds like this is causing a delay in the treatment being made available to people who might die users. Right and what happened was as their their unquestionably was a problem in the hot in the NIH hospital's pharmacy this was in the may have 2015. And no one questions that there was a problem and I think things had gotten. Maybe a little bit loose secrecy I think they were. Hard working very hard working people making experimental drugs for NIH clinical research. Studies. But but what's happened more recently over about the last year. Is that doctor Francis Collins the director of the NIH. Took us a couple of steps. Too far maybe in. Or ordering an outside investigative panel called a red team that came down. And made all kinds of it being. I think excessively harsh. Statements. Kind of belittle the work that was going on at the NIH clinical center I don't know a lot of people. Researchers and very eminent people were really personally insulted and troubled spy attacked that. Doctor Collins and this Investigative Group called the red key red team. That attack that they took. And what's happened is that subsequently. Doctor Collins and the red team have ordered it. Certain clinical trials to stop the other ones to be delayed. And they're getting back to the original point that you're asking me about doctor Steven Rosenberg and his study which. Unquestionably is making its pretty phenomenal advances in treating cancer. It is it is lab was totally shut down for three months. Earlier this year and then now its operating at approximately half speed so they're having to turn away. Patients. Who are desperately ill cancer patients who really are going to be able to get any treatment elsewhere other than us. Right because this is the only place you can get it right in the whole world. To my knowledge my I think there are there are some other labs and hospitals. Working on similar approaches but I think discipline is is unique actually in Madison. Would today how much has patient enrollment declined at an day and I. Well that's that's the thing that's really kind of shocking that from the time the red team report came out in April the twenty sixteenths. You know and from the time. Just a couple of weeks after that the doctor Collins. Ordered certain people in the top of the hospital to be removed from their jobs. There's an excuse me the if the patient census the number of patients. Or actually access patient days. At the hospital has fallen by 37%. Since April until the end of December that's a pretty phenomenal drop. And someone. Medical center's. Board meeting the other day actually ask a question of whether they have reached the breaking point. Now I don't know what that will really mean in terms of rate. Researcher entity run by the United States government but. 37%. It was a huge drop box and and I guess what it means in human terms it is that's 37%. Fewer patients who were going through important research. Protocols could maybe it may be saved by them. And end. That science could be extended 2000. Serve maybe more than thousands of people around the United States and around the world. So who's overreacting is the FDA hears a doctor cult. I think it was doctor Collins. The FDA has to do its job good job is to comment and if it's these problems and a laboratory. It do its job is to know them. I think there is some very Smart people that the NIH to feel that. Given that they're doing. Very fundamental research. And and that may be the FDA did overreact a little bit in trying to. Apply. Is drug industry standards to fundamental research studies. But when the FDA is called in that doesn't have to do its job and so it create reach some critical. Findings regarding the hospital pharmacy. Blood. It's one thing to reach those findings it's another thing to turn around and point officials fingers. At the hospital itself. Right nobody. I agree with here your assessment in the art are gonna post this so folks can take a look at it that. Donald thank you for joining us great researcher and I appreciated your donation of your time. Michael thank you. Tom Burton Wall Street Journal and you know check it it always comes back to. Your own personal situation. Right in yup you know you look at your mom and dad and you say she would if one of what would have my dad had colon cancer yup and he couldn't get his treatment. Because somebody is overreacting. Corporate and 98. Yeah I mean it's it's a very difficult situation I think for you were tied to try to figure out what exactly is going on and you know I know obviously. You know these are treatments that a lot of people you know we've read stories of people that were treated there with experimental treatments that. You know for the first time you're hearing doctors say what you may have been cured of cancer actually in the in the towards the doctors don't throw around. Lightly. And then you hear about you know the things that do go on where hey maybe there were some procedures were followed. But. The question is does trying to save someone's life outweigh. The need for perfection in every case I don't know why don't have enough information to make that judgment. But it's it's certainly disheartening to see the number of people being treated there you know 37% below where they were a couple years ago. It sure is. State up next ruby talking about Tucker Carlson how's he doing since he took over for Megyn Kelly will also have a trivia question for you. Next from our insurer match dot com stick. Making your Smartphone even smarter. Download our mobile lab by surging financial exchange okay night June Jordan who. Who plays stores this is the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payment and making trip to the bank to deposit checks take a hassle out of rent today we're 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 received 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 -- to learn more or call 7816 or 18691. 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 Titus 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 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 the professionals familiar with the laws in your date. 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Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank near jumble loan program designed for financing in excess of 500000 dollar offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 877697900. That's 8776917900. Or visit leader bank dot com. Mavericks DNC equal housing lender and Miller is number 449250. Subject to credit approval Liederman a step ahead 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 or write checks to the tune of 141000 dollars every month. Well 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. 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 have put together 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. It's our daily poll question had financial exchange showed dot com. Vote your conscience. The Arabs just vote. Go to financial exchange oh does come in castaway. For the record 50% of our audience who spent. Worse than five hours a week he traffic. Participate in the. Our whole financial exchange true dot com. Though Iran hostage crisis ended 36 years ago this week we're going to be doing trivia questions about this historic event. For how many days did the Iran hostage crisis last. Our text number is 68681. Listener with a cricket or will win eight point five dollar gas card. For how many days did the Iran hostage crisis last and again our text number is 68680. He was not my first pick. But Tucker Carlson doing a pretty good job filling in and taking the space. Of Megyn Kelly. Yeah and what we're seeing here is that overall we Tucker Carlson and Fox News Epstein 810%. Increase. In viewers over the 2016 average for the Kelly file. And the 25 to 54 demographic is up about 12% so. Clearly you do have more people tuning in at this point obviously it's been a very short time period thus far so. We need to see how things work over a longer time period but I think early returns are pretty promising. For fox when you look at what they're doing there. I was pulling over Trish Regan she hails from Portsmouth, New Hampshire she's yup that broadcaster. And if you have a chance checker out on Fox Business she's just terrific did this extra. I've talked to law about our friends at the insurer match agencies exist to make sure that your assets are protected if you're like many listeners who or hold of one or two cars. You're the perfect candidate for free consultation with one of their agents to help you review your insurance needs. Call them today at 84499. Match that to 84499. Match. And let them prepare a personalized plan and that the best cover to the best price. They'll also dig out all of the discounts preferred customers like you can qualify for. Call insurer match to compare multiple rates from all the top carriers including our bill. Plymouth rock and more at 84499. Match that 844. 99 match insurer matches license for all types of insurance in the concede the time stress and money. One vocal one relationship that's all you need call today 84499. Match or go online and ensure a match dot com. How about Netflix struck they rushed last night I was watching your earnings report. Come out and I said well I was tempted to call when when I sought I couldn't believe the numbers haven't had a Netflix. Yet they pretty much knocked it out of the park compared to expectations here. In a very good quarter for them adding in particular. Over five million subscribers internationally in this period. One point 93 million in the US. And what they're ending up now is they finished VI a year when he sixteen. With 93 point eight million total users or about half of those in the US now so they're international growth continues to pick up at this point here. They're planning on spending six billion dollars. On content this year. Up from five billion last year so increasing their content budget. By 20%. They appear to be making a very strong move here. What I do wonders what eventually get to the point where you do start it kind of hit that peak. I don't know where that is in terms of overall users is we've never had a company. That has Dillon of media internationally in this fashion you know you talk about all of your major broadcasters in the USC go through. You CBS NBC it's now owned by Comcast with ABC owned by Disney. You go through all those that they're focused on the US they do distribution internationally for movies and so forth. But they really are US broadcasters so we don't have anything to compare Netflix to historically. Because there's never been anything like this you've never had a company that is really broadcast in this fashion over the Internet internationally so. You know you look at it is okay so you get 93 million subscribers today. What they have in the US 4550. It's it's just under fifty million I think they're. Probably starting to get tapped out I could see him getting up to maybe sixty to 65 but there's so much sharing of accounts that don't. Say how would they ever get that high because the populations 330 million yup. And each account has five user action not every calorie some accounts that cheap piece like yours sizzle to use if you we get too so I could see 65 maybe seventy million on the high end in the US making sense. It internationally obviously not everyone has high speed Internet available to them so you know you kind of sit there and say OK I don't know how how big this can get. I mean in theory looked at that could have a lot more runways and I think in that that's what they're going to be of the due in places like the thick of places where you have. Pretty good technology infrastructure in Asia rate India. You know I agree with you Africa's going to be slowed belt south America's going to be big for them they're going to be able to do very well South America Mexico. Demi that safety their biggest problem area is going to be the continent of Africa it. And the big question really when I look at is where where's the peak. For the number of users that just dive a hundred million now there probably cross a hundred million in the next quarter to so you sit there and you see get a hundred million users today. Is the 250. I don't know that might seem kinda low is it 500. Maybe that's too aids. I don't know where where peak users could potentially be so you sit here and say look this is a company that's worth sixty billion dollars okay. There were sixty billion dollars right now they're revenue for the last twelve months is around nine billion so. You sit there and he says Casey doing nine billion in revenue UC telling me the company's worth six times. Revenue. Can't they grow to 34 more times I just I'd I don't know where the peak is natural makes it so hard to tell. Where you know where that where fair prices for me. Are they too big to be acquired now you know for the last five years I've thought somebody should buy them predominately. I pushed out the notion that apple should have bought them five years ago but Tim Cook agrees with me. In retrospect I don't know food. Hastings was sold though. You know you look at other stocks Don the stock is up 947%. In the last five years Reed Hastings a sit there right now until you look they could have paid us. Thirty minute thirty billion dollars five years ago you know I just built sixty billion dollar company. Well Betty you know how much of a disease control mean cookie cook could have gone to the stockholders and it's you know will double your money right now. You know now at sixty billion. I just don't know I like apple could buy it that it would take up a big chunk of their cash Disney I don't think. You know week week in speculated that Disney might buy these international music and I don't think they can afford. Disney Disney can't afford to buy and at this point Disney right now. Is a 170. Billion dollar company and take a look at their balance sheet and what they have available at this point. You know realistically in terms of short term I mean they have very very little in short term assets. And this is carrying a ton adept at the not to take out. You know fifty billion dollars in debt mess of that balance sheet in order to do this. Honestly and Netflix at this point. I think is too big to be bought because you're not gonna pay. That much of a premium for company this big you. You pay a big premium for a company that's worth five billion dollars if you say hey I can turn this into a 25 or thirty billion dollar company no problem. If you pay ninety billion dollars or sixty billion dollar company. Can you turn into a 12840. Billion dollar one I don't know it's it's it's. It's at the point now where they kinda have to sink or swim on their own and right now there swimming. In order reminds me of this deal and I'm going back to the nineties when it well just everybody pay him 22 bucks a month for millions of people. I guess I still remember 67 years ago I was talking to a friend a minus of look you know Netflix they could be the next Microsoft. And personal after me night I didn't do anything I didn't buy the stock obviously but you know maybe noses you know whatever. But I'm sitting here now and it's late. Ban like you look at what they're doing network current revenues subscription model and they have been dead on with their desire to move new con tend to produce their own content and I'll tell you. Reed Hastings. Caught a lot of crap back in the day when he said look we're getting rid of our dvd service were spitting and often getting rid of that. If you remember how much crap he got from people upset of luck just tank and is out and tank people just rated him. And that is the shrewdest move he that is that is a movie that is reminiscent of Steve Jobs getting rid of floppy drives and saying look we're not gonna do it anymore. And and look where is today. What about who may either coming out with this forty dollar a month package that includes sports and things like that. Can it compete with Netflix. They canned it's it's a different platform obviously. You don't have current programming like. One of the big gripes people have is if you're court cutter you can't watch the current sitcoms week that are out there in the current shows. And that's a big knock on them on Netflix for cork lot of cord cutters don't. Want that off and you know I I went back us think in the damn it when's the last time I watched the show. On TV unit in a show that's on network TV you know when your big four networks. The last show that I watched start to finish on a network was lost which finished in 2010 and started in 2004 I've. So you know like I just don't we Tucker was or as you watch any network TV I think and I've been hooked on this. Game show lately that the way I know that obesity the wall and amount just hooked it I can't can't look away it's great. On Tuesday nights that's on a measly but if you were cutting the cord with a walkie before cutting him no not at all. That's a big problem with with all the court cutting. Truck comes back to the cost of getting wire into your house you know like I. For me to get any decent Internet speed. I've got paid pretty high dollar amount board it's not much more to get a basic package of cable channels. It's that's that knock on court cutting okay yeah I cut the cord still pain. Sixty I I did today. I think it's sixty meters 69 dollars. Or decent Internet speed. Speaking of luck cost of you know Telecom services after our conversation with god joins Sterne yesterday you know I went in and I I'd switch that might consider an extra fifty bucks a month now that went down like a bare basics plan in my my cellphone. No conclusion here AT&T Kyra apparently had been stuck on a legacy plan that was. Doing dumb stuff like charging me for text messages and things like that outlines and so I I hope might cost pretty much in half just because of that conversation with so thank you bill. That that's that is good news I've got a data hog. In my feet. And and I might have to cut him loose and of this video that's what you do who did not me I'm not analyzed I have a son in college and he used just hockey week we called the you know so and we call him the pig we do visa data hogs come to you an average month I don't know what it costs a lot of money. I it in in new you know he can tell which user it is on your bill or you can't see I only have myself on line. You can drill down and see who's used up all your data Kennedy's son. East just about ready to cut off anyway coming up we'll have the answer in the winner to our trivia question along with an interview. Will be joined by Chris first sought chief of thestreet.com here's a suggestion. Grab a pencil paper because Chris has to stocks to share with you in our next segment from our insurer match dot com studio. Follow the markets from start to finish and get our daily market recap every day at 5 PM on our new website financial exchange Joseph Johns come out this is the financial exchange radio network. Hi this is very Armstrong and if you're an active investor you. Probably know about the department of labor's fiduciary role as an independent investment advisor I follow. But not every registered represented. Is currently required to follow the deal well regulations. Earlier this year the US Department of Labor modify this law and effective April 10 when he seventeen all advisors will be required to act as fiduciary for their clients my staff and I have written a free guide to help you fully understand these changes. And how they may affect you. Calling get yourself a copy right now at 80393. 4001. That's 803934001. Or download the guide at our website financial exchange show. Dot com security suffers a 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. The holidays -- 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's from me which reviewing my insurance plants hi this is Jason Wolfe of the financial exchange radio network and 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 -- 99 match -- 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 a thousand dollars a year -- minute deal and I know they'll try to do the same for you call today at 844 -- 99 match that's 84499. -- or visit them online at insure a match dot com. Her are strong here and I'm joined by estate planning attorney Todd let's keep from the legal exchange in Cushing and dole and we're 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 single Euro widowed individual. Do what when and how the circumstances different for widow as. Those two are 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 currently. 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 you're single. There's a way of saving their house last minute not the best. It that it 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 bill portal lean 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 were Anderson 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 monthly recap by becoming a member of Barry's brigade is it financial exchange showed Judd come and sign up today. This segment of the financial exchanges brought to buy a secret if your landlord take advantage of zebra. Fully automatic on line rent collection tool that is free for landlords with an account at a participating bank and always free protects. Sign up and have rent checks deposited directly into your count. Call 8776917900. Today or visit he rent dot net. On November 4 1979 the Iranian hostage crisis began. When militant Iran in students. Outrage that the US government had allowed ousted Shah. Of Iran to travel to New York City for medical treatment seized the US embassy in Tehran captivity. 52 American hostages at the embassy. Last victory total of 444. Days. And the winner on this question today is David from Arlington David takes on 825. Dollar gas card from shell. As his prized additionally don't forget about Armstrong advisory group's offer for a free portfolio review. That AG help you pursue your financial goals cultivate toll free 800. 3934001. That's 800. 393. 4001. And set up your appointment today Armstrong advisory group in the securities American companies are unaffiliated. Let's do a little bit of stock talk today crisper Sacha from the street is kind enough to join us and Chris thank you very much for joining us today. It. Happened Thursday Chris let's start off first with a company that reported earnings that came after was yesterday the day before now. But that's target. Who ended up falling about four and a half almost 5% on that news disappointing quarter for them. Is a company that you think can bounced back or are you feeling a little bearish on the. I have to say I'm a little spare. You know there are several reasons why. Mean to begin where it was really no surprise that they kind of this week we kind of hurt. Eight Easter eight Andy Cole you know two years. And others that you know the retail environments the quality XP with less. A lot of people were looking for I mean even L brands earned her out instead it's so bad callers store only shopping. And you're seeing other other stores like you know me he's achieved in tears among others GAAP. You know shut a number brick and mortar retail. Locations I think targets and have a very tough time because. Target is kind of like hybrid but we don't really know like what what stand. Right so people to go there. It's RJ you can't remember that. Where they can get some you know relatively inexpensive stop make the dollars go a little further than over the years target restarted upgraded business. And you know as a result they hear their kind of big moved up in now they're vulnerable on the bottom Wal-Mart as well what has. Amazon. There's another phenomenon going on which out of the G gets a familiar with this blood. The trek to I needed bit is starting CH huge huge pick up in consignment. It apps like harsh Mark Bradley and others really people in the belly area and it is pretty about it this morning and it if you like lay people. You know so people can go into their closet goes there's starts sell it you know so the need to go to target or even other retailers. Or you know nicer clothes portable luxury clothes branded clothes being happy is great is we ought to that is one of Edwin I think for target this. What do they do try to counteract that at this point. Well I think everybody else. Other lines to improve their online offerings trying to run more special but I I think the hardest thing from online and I are probably a broken record. He is you know it's very hard to get a call it very hard to compete rather. With Amazon that is just collapsing. And the time it's extra package to get. From when you order to the individual and so much so that like we needed go to the mall anymore. No I I try to avoided if at all possible and as you mentioned Amazon now. What times they deliver even note though you have two day shipping they deliver next Dana. Well a lot of they've been increase in the number on that they have around the country and the coast New York to. I have about a year when it they'll airport which is you know looking miles more live. I might I mean it would be too. Yeah we've got a brand new one up here in nine Fall River, Massachusetts and it's been pretty much the same since they opened that in October were a lot of times it might even be same day. And you're not even really expecting it so. Very interesting here Chris I appreciate the time and thank you very much where the info on target. It Chris resulting from the street talking about target the ticker on is he GTE. Taking a quick look at the 52 week low was 6550. This year it's pretty close to that right now 52 week highs 84 a share and does about a three point 6% dividend. I remember meeting that you and I were in about two years ago chuck and we had an investment analysts thinking too with ideas about buying. Best spot yup and we we shot down that it was best Bed, Bath & Beyond which it oh thanks and then they came back I think target was one of the stocks were considered yup. And I'll tell you what I just. I haven't bought it yet I almost look at retail stocks now like it used to look at airline stocks I wouldn't touch them they just would refuse to invest Ian and airlines does it almost the same disposition now portrait sports like a newspaper stock for fifteen years ago. Lean toward the loss put salt in the low enough. With a tough one. Hey thank you for tuning in to this power of the financial exchange don't forget to check out our website financial exchange showed dot com participate in a hole. Are you spending more than five. Hours a week in traffic. We're broadcasting for march or match 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 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 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 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 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 the professionals familiar with the laws in your state. 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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 wolf for 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 from my older daughter because lord knows she didn't want to wait around any more to borrow mine call insure a match today at 844 and 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 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 -- 99 match that's 84. 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 thought is there anything. Better care provider can do that would be beneficial to them or the family. Yeah that's a huge problem today variant you might imagine so many people are leaving their jobs even in there with their family and and when that happens. The person who's doing it isn't that China 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 pay them because if you just pays 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 the care the recipient they need it a personal care contract that need to be drafted up. With that does is it cleanse his 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. I really plans is 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 an 866. 8485699. And learn how you can conduct last minute planning for nursing home situations. 8668485699. To get to guide total free 8668485699. I bet you can't have an all Crowder the same people who tell you you can have a cake but you can't needed to. Protests watch. Young athletes from around the world are sending a pop Waterville Valley resort and so should you the twice seventeen Toyota revolution George slowed style competition he's January 8 and thirteenth five outlined today and save up to 55%. Well. By the way I'm having your cake and I'm eating it to him for everything Waterville Valley visit Waterville dot com Waterville Valley resort as a proud partner of BMW. According to Jen whereas 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 plane in advance life tends to get in the way if you were a 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. 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 have put together a brand new guide for 2017 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 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 that just makes sense of 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 not guaranteed by the bank and may go down in value 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 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 member finreg SIPC and advisory services are for your 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 the professionals familiar with the laws in your state. This is the financial exchange with the Barry Armstrong and chuck sub. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Pulled turning into any trouble at school that's a legitimate question one can mask on a day where the Dow is down 53 points the S&P is off six. And the NASDAQ is down twelve points if it does in fact turning to eight trump slump. I think you can credit it to the fact they spending too much time talking about border taxes. And not enough time talking about tax cuts hi everybody Barry Armstrong and trucks audit trying to interpret what's going on in today's market I mean literally. EU it you know we've been open now for an hour and a half truck but. Stocks are down. Yes stocks down a little bit today I mean we're we're still in the range that we've been in. Really install. Early December now so it's been about six weeks. That we've been in this pretty tight trading range somewhere between that 191500. On the Dow. And just shy of 20000 getting all the way up to 9999. Before. Not quite getting over the hump there are so it's it's been a tight trading range I mean this is still a market that's up. About eight and a half percent over the last three months now so it you know it it's not rolling over at this point. No look this this is a market that rallied. Based on expectations. That you were going to see significant tax reform and significant reforms just the way we do business in this country. Over the next several years and if that doesn't happen in apps at all on the big. Threat to the market right now. Is execution risk if the trump administration can not get done the types of reforms that the market is pricing in. The market's gonna roll over a little bit not because anything is terrible necessarily but just because it's not getting the boost that the market priced in. In those couple of weeks after the election. And I agree I agree he I saw a story about Eli Lilly. Which is you know large company trying to remember where they're located but anyway they're buying couldn great made it Minnesota Cameron but they're buying polluted pharmaceuticals. Of Cambridge the only hit seven employees and the companies being purchased. For 960. Million dollars. Yeah it's it's almost a billion dollar for your for the seven employees shop and this is. A deal in which Eli Lilly. Is effectively buying back to drug that they licensed out to pollution back in 2005. It's and it's a migraine headache tree managed an experimental one. That they had a license to them about eleven years ago. And pretty much what they're doing now is trying to buy that back and what you're seeing. Is that this was a company that was founded in 2005. And they went public in 2015. In an offering that raised in 55 million. But co looser here you know you take a look and I'm just pulling it up right now. Is at 46 yesterday and today yes or still read that range after being. You know you look at where it's been since its IP donated being the you know kind of its start up that ten dollar range and then spiked up in the last couple months. And it's it's a pretty good exit for the people that own that stock over the last couple years. They must have one heck of a drug 36 million Americans not mention worldwide just Americans suffer from debilitating. Migraine headaches I don't I'm not one of them that day I know somebody who suffer from migraine other brutal entity are tough. I don't have a myself but I I have friends and failed with to have them and it's just absolutely brutal and as you said what it's about 11% of our people in the US suffer from them. The big market. To beat Michael you were cause of migraine headaches I don't know achievement she was right yeah probably probably still am. They Google buying a unit from Twitter and it begs the question. I think they're and I don't even know what they're paying for but they're buying this this unit for about from Porter. Do you think Google ends up being the eventual owner of Twitter I don't think anyone wants to own Twitter. Oh come Euro was down president of the United States president elect of the United States uses it did it yeah out. Well I do a lot of things daily that doesn't make them good ideas. You know you don't think there's much hope for this guy you've been Dallas company for. I don't think there's any way that Twitter can get out of the mess they've gotten themselves into at this point it's company that simply is not profitable enough to be worth its valuation. In his two loses somewhere around 75% of its value I don't think it really is attractive to people. It's like it that you literally think that this is like three or four dollar stock. Yeah if if it got down to three dollars I consider buying it you know it's trading at 1690 right now but for got down to three dead at a couple books and Saturday. If you can hear the celebrating that's going on in Rhode islander not. But retailers across the state whether it's JC Penney whether it's the local hockey store. They are celebrating. Because on February 1. Amazon.com. Is going to start collecting sales tax when shipping goods to the state right now. Yet they are and this is a big go win for the state Rhode Island here and Bora as you mentioned a lot of retailers that operate brick and mortar stores. In Rhode Island companies also are gonna start collecting sales tax in South Dakota on the same date. In Wyoming on March 1 so. You know this expands the number of states that collect sales tax from Amazon. 34 of the 37 so they're getting pretty close to full coverage right now. And you know really it is it is fair as far as you know making a living level putt well. Level playing field. And I think it does make a lot of sense for Amazon as well just you know continued to stay on the right side. Of the law there. You know it it makes a lot of sense terrific all parties involved here. And I don't expect Amazon to thirty million. It's thirty million dollars of cash for Rhode Island yup that's the estimated cash haul a bit more. But here's that this thing it if you talk to a guy as talked to nobody who runs the a sporting goods stores and he runs out of a hockey. And you know margins of that business are tough and pay the rink rent you a means to worry sharpen skates. And you're expected to have everything. In the story at a moment's notice. Police at what happens is at Iowa coming. You try on a pair ski to get the size do you buy need this pear brandy skates and skates are expensive to skate and prepare skates or 700 bucks without much now. The they're really hockey skates are expensive Mike and sewing tennis. That's fifty bucks more. If view if you bought it in the stories it would happen is. People by the same skates on line get him in 24 hours in the by money in the sun dot com receive the fifty bucks and you know. You're a guy trying to run a business at a hockey rink which. Hey you know it's just it's a tough. Tough business. So this is gonna help. The small retailer the little guy in town. Worse the shoe store for instance right this is another it's injuries happen all the time shoe stores. The size you up up or 200 dollar men issues need Beimel on the line. And this this is good for Rhode Island retailers. It is it is and it's again it's it's what Amazon should be doing that probably should have been doing it all along. Now but it is good to see them doing it at this point. Cox cable it's put the screws to customers. EP briefed this guy got a bill today and is he was he's thinks Charles reed he's retired journalist. Live in. Living in Richmond Rhode Island his bill jumped from 164. Dollars and 51 cents per month. 200 in 92 dollars a month that's for his his bundled service of cable. Telephone and Internet service holy cow that's a lot when you retired to get a like 17% price increase in your bundled service. Yeah I mean you look at it and you're talking when it's all said and done. That's almost 400 dollars a year in additional spending and I think a lot of people don't realize how much they spend on. Internet and TV to begin with because you just say oh well it's a monthly fee and I just pay it both of your pain a 150 dollars a month almost 2000 dollars a year. 2000 dollars a year think about how often you actually use your TV if you're not use that every day you don't get the value out of that so. The other thing that happens to market it if I happen to you you do you shared earlier how you're able to reduce your phone bill by fifty bucks a month. Simply by looking into it with these companies do whether it's the phone company with future cable company. They they changed the billing. In the little change five bucks one month yup and in the six months later goes up another seven bucks that you kind of you don't pay attention to it each year I do that but it does seem like I. I call my cable company once a year to lie get my bill reduced. I do yeah I was or what he'd do I called my sand switching to Comcast and all the and I get transferred to a retention specialist. And next thing I don't paying twenty or thirty bucks a month plus. No kid that I do once we are pretty much like clockwork. Tried that with. They're activity just to say that you're gonna switch and all of a sudden you can get all kinds deals free HBO for showtime would every want. Webster bank. Is is a bank that I've actually invested in. Be on my own behalf but also on behalf of my clients. And they're closing bridges are closing three Connecticut but they're also closing. I think eight branches in Connecticut Rhode Island Massachusetts. And New York. Yeah and a big reason for this is the bank is saying that they continued to evaluate their branch use. As customers continue to move to more electronic banking for Robert team transactions and I think it makes sense I mean look you don't need quite the footprint that you did previously. I think that you know I think you've mentioned that. Effort for something like gay mortgage or you know business slow it's good to have a brick and mortar branch but you might not need four or five of them. In a talent like he used to have and you can simply to streamline operations that way and it that you're gonna continue to see is not just from Webster we've seen it from a lot of backs. You know we can't define a new week to get people in the brain to seek the the problem truck is these branches were built twenty years ago many of them yup and their big. And in you know the leader these large branches so what can a bank to. To develop foot traffic they're kind of in the same spot as shopping mall you know lately so. The something where you go it was Geico talked my count every year I have four meetings a year account so does does the banks start. Sub leasing space in their branches. To CPAs. It is just one example but. He have to do something branch of bank bankers are notoriously. Lacking in creativity skills free money have to help free money. Prima idea that they do that out I'll go right in. No probably the it's got to be something they've made to save the bank branch at I don't know why do I need to save the big bank branch. Will because they're stuck with these things like in in unity you mentioned you know how many branches this town need I think it might little town I think we have six banks. And you know I haven't been to my bank. I can't write I don't use cash and have him I've been let banking years. Honestly I'd I'd try to if it from a bank in any in his across the board their close up shop in a lot of places and personally what I'd like to do and this is just my. Personal desire hey if I'm an aspiring you know restaurant owner I go and open a restaurant called the vault I keep the ball there and let you eat in the old bank for how cool that it. I've done it before there is a restaurant is there Rick Philadelphia is there really well I guess some way behind. Good idea though they give credit for the new. Pay up next to talk about how you can save money on your automobile insurance. I'd like to do that I'd like to say 70%. On my automobile insurance. That's our next topic will be joined by Laura Adams from insurance quotes dot com. To talk about how you you're listening to the show right now. How do you save 17%. When your card sure that's next from our insurer match dot com studios. Your business team talking about your business needs this is the financial exchange radio network. 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 a third car for my older daughter because lord knows she didn't want to wait around anymore to borrow -- call insure a match today at 844 -- 99 match -- 844 and 99 match and through their Massachusetts division in charter let them researching present you with information that is bound to help -- I saved over -- thousand dollars a year -- minute deal and I know they'll try to do the same for you call today eight for Ford 99 match -- 84499. -- or visit them online -- insure a match dot com. Hi this is very Armstrong and if you're an active investor you. Probably know about the department of labor's fiduciary role as an independent investment advisor I follow but not every registered represented is currently required to follow the deal well regulations earlier this year the US Department of Labor modify this law and effective April 10 when he seventeen all advisors will be required to practice fiduciary for their clients my staff and I have written a free guide to help you fully understand these changes. And how they may affect you. Calling get yourself a copy right now at 803934001. That's 800. 3934. Zeros or one or download the guide at our website financial exchange showed dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It's not too late to get a great raid on a whole mortgage leader banks specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Emirates the SE equal housing lender an MLS number 449250. Subject credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases in refinances all originations are managed by leader bank's local underwriting process and teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender stimulus number 449250. Subject to credit approval leader bank a step ahead. If you missed any part of today's show not to worry for the financial exchange showed dunk comment click the listen. Then click on demand 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 showed does come. Laura Adams from insurance books dot com. Joins us now on I need to extremes to talk about privacy money on our car insurance or are you. Great. So with it what's the most common. Deductible. That people select your blind automobile insurance. 500 is the most common. On and who and a lot of cases that's sort of deductible I know yet if you don't really specify anything else. So what's really interesting has in this study that we debit insurance quotes dot com we we took a look at what happened if you raised the deductible from 500 to 1000. We also look at going from 502. Out then it's. Which is pretty graphic that for most people I think 500 to a thousand is doable if you have at least that much in savings of course. And we think I'm really interesting numbers better get very different state by state. Across the nation on average. You're going to save about 8% closer to 9% of cases if you can go. I'd do without that you're gonna reach if percent savings if you can meet a 2000 dollar deductible. That so one you it if you would run me through the six New England states because that's were our audience's lips and he leads start where do you want that. Just give me first that first number I want is if I just go from 500 to a thousand because 2000 is an aggressive move. But he didn't say I live in Connecticut. And I go from 500 to a thousand dollar deductible how much do they say public overall car insurance premium. How does let's start at the remote stating that you get a New England. Which has Massachusetts. That at the top of our lives as 17%. Savings that's amazing. Your 52000. Yeah that I had about an asset. Most. Second highest savings is it me with a ten point 6% almost 11% savings. And we look at New Hampshire 10% saving. Vermonters say 10% savings Rhode Island 8%. To etiquette. 7% say thanks. So are really nice numbers but certainly be Massachusetts drivers are going to get the most at a rate and I deductible 2000. What about the 2000 and assay somebody's got to. You know enough money to self insure that 2000 dollar because that's early what you're doing on a point this out to folks. It's not free money you worse self insuring in your banking on your driving skills and the fact that. You know maybe haven't had an accident in ten years and you say when they have in this 500 it that's that's who should be doing excellent somebody who's. You know only drives 5000 miles a year never has an accident they're the ones that should probably be increasing their deductible. Absolutely. You know we we tend to make claims about every seven years when it comes to car chart. So you know if you can see and decent savings on boosting that deductible decreasing your premium they're really can make sense. And if we're talking about going up to 2000 dollars to Massachusetts drivers again if the man out of that with 824%. Savings. So pretty pretty amazing and a Vermont 18%. In the church team we go down to Rhode Island at 14%. Connecticut. 12% of what that I met me me me you know my last. A little lower on the does that scale there I mean I have to. But the bottom line is it's a lot more savings if you tell that to 101000 dollars but most people that eighty you know a little too much media little digging a little bit too much rats can. So why you know when you caller when you get a quote from. An insurance agency why do they always default to the 500 dollar deductible. Yeah because they know that most people don't eat enough and savings Q. Make the higher deductible work for them on they want to make sure that drivers do have to make a claim that they've got enough money. To get to repairs made to get back on the road. On intent from those people yet that number just tend to be the sweet spot is right it 500. But I think if you really can and get a compare and you know get find out where you live. What the actual number it's going to be for you in terms of staving. Do the math to figure out how long what's my breakeven point era on the evening. From people it really will make sense to go up to 2000 and as he's got to make sure you keep them much in savings. And what which we should be doing anyway right Tom keeping that savings in place is still important. Not only edit you know you can afford these little car repairs and emergencies are gonna come up you can take advantage of other opportunities. Like raising your. Deductible that you can do such a premium year after. Here. Got Laura thank you very much for those numbers are per share. Laura Adams insurance quotes dot com. In Massachusetts. If you go to a thousand dollar deductible you save 17% 200624%. Connecticut. It's 7%. And 12% Rhode Island. 14%. Vermont ten and 18% pure Vermont resident take a look at this. In New Hampshire ten and 16% mean. It's ten point six for the thousand dollar deductible I don't know she could have the numbers for the 2000 but. It's worth making the call trip to would you have as a deductible and archer. I do a thousand. Yeah death that it my mine sure doesn't offer 2000 so I haven't been able to do that if I could I probably would. But yeah I do well I do have that thousand dollar deductible. It's it's what I've pretty much used inside that Britain's I had my policy. Save a lot of money. But he kills you when you have an accident rate it's it's painful because you're right that first apples boxed. There's no way around it. But is it if you're good driver in or you don't drive a lot of miles boy can it makes an awful lot of sense yup I can't remember the last time had a car accident. He would we come back we're gonna have me trivia question for you. And will be talking about interest rates and how much have they gone up on your savings account. That and more from our insurer matched dot com studios. You've got to Barry Armstrong next 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 down silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally it just makes sense give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency 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 and I'm joined by Jake tool who's a senior vice president. Leader bank. And leader bank has an exclusive. Program for those of you who are landlords here Cora collecting rent from 110 and 201 tenants. He ran it might be something that you wanna look into. Jake talked to us about you 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 its product to really target our lane goers 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. Had to be said it and forget it so what's a landlord hazard tenants that up. And really there's nothing that needs to be done until the lease is over. The rent is automatically drafted from the Tenet's account 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 had to be the fifteenth of every month yup absolutely so landlords cites 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 you have your bank account leader paying you get this is you rent service for you get for free. That's you have a bank account elsewhere will still provide a service for small monthly charge and if you ever decide to move your bank relationship over waive the fees that. Pretty pretty simple it's pretty cheap and it's a great product our landlord perhaps the only club in. Lot of our right it's called zero rent and the website for it is WWW does he 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. Saying you're the best season. Proving it. Well that's something else that Oki will mountain we're happy letting other people sing her praises like Stephen Agassi who once again ranked just number one for our orange bubble us. We'll look back there in 90% snowmaking coverage is number one in Vermont. But our best endorsements are made by the thousands of people who put their trust in us. We'll people mountain resort always inmates don't always know all these old book your trip with confidence and a keynote dot 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 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 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 you know win the optimal time to collect her Social Security is Titus 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 it 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 the professionals familiar with the laws in your state. He stayed on the markets all day long. And our brand new website financial exchange showed Don gum could be on the menu foods I didn't follow the markets from pillar to post Olympic financial exchange showed does come. Some of you are. You are old enough to remember that the Iran hostage crisis ended 36 years ago this week. We're doing easy trip. Questions about this historic event. The Iran hostage crisis ended minutes after the inauguration of which American president our text number is 68680. If you know the answer to that question will shame on you if you don't know the answer to that question. First listener with the correct answer will win it 25 dollar gas card the Iran hostage crisis ended minutes after the inauguration. Of which American president and again. Our text number is 68680. So chuck you and I've talked about the Federal Reserve we've talked about interest rate hikes. And I decided you know what let's see how much banks have increased. The rates that there pain on savings accounts. And I tell you what it's not very much. No really isn't and this is not even believe it this is very similar Q how whenever the price of oil goes up. Gas stations raise those prices as quickly as possible yes but when those prices start going down that album maybe you'll do a cent. Today is sent. Next week it's it's very similar to that and so what you're seeing right now is that in a lot of cases there has been almost no shift at all. In the amount that people get on a savings right now give me an example. Okay in January now okay. The average savings account gets point 18%. That's all the way up from point 179%. In December so moved 1000. Of 1%. Over the last month here. If you look at CD rates on one year CD okay good those have gone from point 86%. All the way up to point 88% so if you take a thousand dollars and put it in a CD. Instead of getting eight dollars and sixty cents for that year you're gonna get eight dollars and eighty cents. Well it begs the question where's the money. In the banks. In their pockets and that's it which is why what what's the KPW bank index up by 25% somewhere in the ballpark out pretty much what's happened is yet rates have gone up what are banks doing pay that 3% mortgage you're gonna get well now it's three point 75%. Are we gonna pay anymore on those savings accounts then really why is there's not a whole lot of competition. Yeah any further thoughts on how many rate makes you think we get this year I'm still go to. If you are sticking with two Liam and stick to what. A lot of us are gonna nail you down a little more than Tucker write this down force would. Two to forty fives for. Korean pitchers that know two point five's I think were right now when that what is it 52 point 75% range I think we're gonna be in that 121 and a quarter percent range the end of the year. That's actually pretty good bet I'll tell you why. If we get tax cuts there's no guarantee that we're gonna get the tax cuts were promised by president elect trump but if we get them there are gonna go into effect next year. The open and to be honest that I think that. You know from my perspective. Yeah you're seeing a little bit more growth right now with the inflation still isn't there. You know we look at all of the inflation measures and they're still well within what the feds looking for. I just I don't see a ton of I don't see a ton of inflation at this point until I see that I'm hesitant to say there's more than two coming. Eight question for you. Do you. Business of it. Care where the year running electronics company may be Europe plumbing contractor. Your attorney maybe your doctor. Do you ball and run a business. If you do proceed to the next question which is which like alone which elected via the oral. Up 250000. Dollars with very little hassle or paperwork. If your answer to that is yes I would like to learn more about borrowing money for my business call liter one day. I know the president and the vice president at the bank personally talked to them on a regular basis every week. In these are two of the most dynamic. Bankers you'll ever meet they can't loan programs set up strictly for small businesses. Where you can for a 250000. Dollars about a quote you the rate but trust me. The rate is really competitive. They are preferred lender with ESP which means you get it quick decision on your loan application which is which. If if your if somebody comes in says hey wanna buy my business in Europe attached to meet you tell that guy. Yup I'll buy it from you know 75 grand for whatever you want to pay. And you need to know the capital leader wants to be fair to make that loan for. They've money can be used if you borrow money from leader banking unit for working capital. Equipment purchases moving that you opus the location if you buy an existing business you've got a cult leader pay these guys the best 877. 6917900. Stool for. 8776917. B 900 they might want to talk to lose that after. Nice guy I've done business with them in the past. Falls up put his phone calls returned emails terrific to work with again it's a bank dot com. Or call the poll free 8776917900. State Street bank to pay 64 million dollars in criminal civil penalties in a trading case anybody go to jail to no. And it would surprise no not at all on the keep rubbing salt in this wound it until. It that day I die these bunkers need to go to jail. Impressions. Here that they guys that are doing this kind of stuff. They need to go to jail built in on keep on on the carpet. There are some some hearings that are scheduled for later this year. There are some hearings that are scheduled for ought to while high ranking on State Street officials so maybe. Maybe even this LD you know both those guys that they're talking about. They're saying hey we heard and we did this with the full knowledge of the leadership of the company by the way the leadership of the corporation is gone. They're not there right they are cashed in their stock options they got their point million bucks here. And these two guys are hung out to dry. The you know 64 million dollar whose pain and that those stockholders are paying if you owned shares in State Street bank. That's governor daddy your pocket that's your money coming at your prophet. The CEO who allowed this to happen he's older already retired he's got he's long gone. So. Anyway that's O works corporate America today. So there's. And he got is that enough there I'm done it's it's the same things up every day I know I am excited and I today I I feel sick just talking about it. You little thank you release. Story about us cigarettes and this I just find almost comical at this point Massachusetts. In 2014 there was a study that was just done. After Massachusetts raised its cigarette tax. Nearly 30%. Of all the cigarettes smoked in Massachusetts. Were smuggled into the state. Now I know this happened I don't know what happened 30% of the time. I didn't either and I brought the story to your attention I sought a cut this yesterday. And I said I can't talk to truck about this the so eat if you're looking outside in you see all the smokers out there in their recent. But in their fifty feet away from the building it's kind of funny to watch rate that you order reminds me of truck. Penguins under the bridge I was is that penguins. Don't smoke in the garage right they LT the president of the crux smoke but anyway the 30% of the tobacco products smoke smoked in our coverage from New Hampshire as the taxes which lower New Hampshire. Yeah and in what you saw is that in 2013 Massachusetts raised cigarette tax to 51 a pack 351. And apparently but. We're do you find a black market cigarette ring. We're go. I'll tell you what you actually need the do exist what happens is. Now and then they'll stop a truck coming up from Tennessee up North Carolina is increasing the tobacco taxes down there. There are fraction of what they are appear right after that you can buy cigarettes for a I think it's less than I did the analysis one time and you're so quick you can probably pull up on your computer but if you look at the cost of a pack of cigarettes. In places like Tennessee others grade Carolina. South Carolina this is amazing and I think in Boston and New York as those of the two high cost areas new York at the high road country and say 8910 bucks packed. Yeah down south they're cheap. The the lowest cigarette tax how cheap well it's it's amazing how much cheaper these cigarette taxes are actually the lowest one believe it or not is in Missouri. Missouri has the lowest cigarette tax in the country at just seventeen cents a pack. So you know you take a look he's okay there at seventeen cents a pack North Carolina is at 45 since they're pretty low South Carolina low as well. Georgia though we easy and all of them are down there. You talk about the highest ones are you talking about you know New York four dollars and 35 cents a pack Massachusetts 351 a pack we are number two. Rhode island's number three at 350 so. Much like just about everything else that we seem to talk about. Everything is more expensive. In the northeast you know you're paying ten times more in cigarette taxes up in the northeast and you are down in the south. That's amazing okay I wonder Ali he because now in the and you catch a story about in the state troopers pulled over. The U haul and it's only doctorates yup it there and that's what they mean when these when they talk in the story about cigarette rings smuggling rings that were there for yeah yeah. It's it's it's just kind of mind belong to me that you have that but I guess Agassi do you know. It Brookline man was sentenced to twenty months in federal prison for insider trading never good. Yeah a man now by the name of the meat can Odeo 49 year old man from Brookline convicted in October on these charges. And pretty much what happened was that in 2013 he had learned from his life they've from his wife. An attorney for a company called Apollo tyres. That the firm was preparing to buy the Cooper Tire & Rubber company in Ohio and pretty much what happened. Is he tipped off as friends thinking oh my tip off my friends they'll never traced back to me. Well they did because his friends started selling off the shares of pocketed over a million dollars in profit. She and they gave him a quarter of the money. And sure enough by the SEC was able to track this all pretty easily because they're pretty good at what they do and so he is going to be spending. Twenty months in prison for his. For what he did here. As a very much. Twenty months and he's also paying 200000 dollar fine who's giving all the money back in two years of his life. You know it said. Got nothing you know two years numbers not a wanna do that. Go rob a bank which time I'd prefer not to think about that the senate and congress here's what's what's the what's the time. World rob the bank of it more than two years. Soviet go rob a bank and this is just quickly do going. Prison sentences typically begin at ten years in prison and reached 25 per standard robbery charge though. Yeah I mean I guess maybe compared that he did get off easy. When we come back we'll have the answer to our trivia question which all of you got correct by the way. And we'll talk about student debt pay back its far worse than believed the Obama administration has been lying to us about. How much of the student loans are actually being paid is that usually we thought it was bad it's even worse or sad so we'll talk about that when we return from our insurer match dot com studio. Barry Armstrong and chuck is not a talking about business financing your wallet. Well about how to keep the green and had he been here from 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 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 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. Hi this is very Armstrong and if you're an active investor you. Probably know about the department of labor's fiduciary role as an independent investment advisor I fault but not every registered representative is currently required to follow the deal well regulations. Earlier this year the US Department of Labor modify this law and effective April 10 when he seventeen all advisors will be required to act as fiduciary for their clients my staff and I have written a free guide to help you fully understand these changes. And how they may affect you calling get yourself a copy right now at 80393. Force euros or one that's 803934. Zeros or one or download the guide at our website financial exchange show. 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 represented in the securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state 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 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. It's 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 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. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchasers and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Emirates the SE equal housing lender and MLS and her 449250. Subject credit approval leader banked a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank near jumble loan program designed for financing in excess of 500000 dollar offers fixed or variable rates for both purchases in refinances all originations are managed by your bank's local underwriting processing team for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the icy equal housing lender and Miller number 449250. Subject to credit approval leader bank a step ahead. Security suffered through securities America income members finreg SIPC and advisory services arbiters securities America advisors think Barry Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. If you missed any part of today's show not to worry for the 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 of that listen button had financial exchange show does come. Minutes after Ronald Reagan's inauguration. As the fortieth president of the United States. The 52 American captives held at the US embassy in Tehran were released. Indeed the Iran hostage crisis and chuck I'll remind you me you're too young to remember that. He literally was walking from the podium yet to get into this new unit to go back to the White House. Win reporters were telling them the hostages have been released Mr. President and any he had he had. It was like minutes after he took the the plate. Yet the the winner on that was Eric from nor well Eric takes home a 25 dollar gas card to mobile. Finally don't forget about Armstrong advisory group's offer for a free portfolio review. But any AG help you pursue your financial goals cultivate toll free 800. 3934001. That 803934001. Instead of your appointment today Armstrong advisory group in securities American companies are unaffiliated. Last Friday this is directly from the Wall Street Journal quoting Wall Street Journal last Friday the Education Department released a memo. Saying that agent overstated. Student loan repayment rates at most colleges and trade schools and provided updated numbers. So then chuck the Wall Street Journal dives into the numbers. And we we still it's so not a week later but it's half a week later we don't have final numbers but there one heck of a lot worse than what we have been told. You know what they found is that it it was as they're saying eight technical programming error. Inflated repayment rates for 99 point 8%. Of all college. So pretty much almost all of them as what they had gotten wrong in some cases we're not talking about small errors no use the University of Memphis as an example because they've cited this one. Previously. The department instead of 67%. Of students were repaying loans within seven years of entering the repayment period. Well we now find is that it's actually 47%. Not 67. That's a big shift your goal for telling me that two thirds of people are repaying those loans to one half that's a big difference. Yeah it's it's something needs to be done here truck and I know you know I have a difference of opinion here right I I tend to think. The loans. College loans should be underwritten. Based on your ability to repay it so if you're studying engineering know you're probably pretty good risk. If you're studying. Sociology. You may not be such a good risk in and I know there's a lot of social consequences to that type of philosophy. But the. That's not small not a money and and the fact is that what we're doing right now is unsustainable. I think that in the next fifteen years you're gonna see. That there are going to be a lot of people who say look I'm not spending that much to send my child college. And I think it is is going to really start once you see the mall O'Neal's talking about what to do what their children because a lot of lot of more meals but they they got stuck with those student loans in that situation they're not gonna do the same thing to their kids. Well they're not in and I think you're gonna see a lot of these snooty schools in the northeast what it means duty. Private schools which ones dharma name it I mean there you know any school that you're paying sixty grand a year to two go to school that's a snooty school as a Oca I get a more that Brittany it's you or it and I light on that to somebody told Leo this is 66000. Somewhere up into the seventies. Can log on fortunately I've got one kid left when he goes to bring to our states are not heavy tuition yours anymore but. I mean college has become absurdly. Expensive. In the east snooty schools I think are gonna diminishing numbers yes Harvard will still be there but. Being in Dartmouth atlas continue to exist but I just don't think. People are gonna spend seventy green and to send their kids to. The snooty school anymore that that isn't harbor. It's it's for that next tier down at your your top ten and top twenty schools will always be able to command those prices and then they probably should because of the return on investment that you get. But when you start talking about going down into the next two years. Yeah there's been a ton of cost inflation there in the last you know couple decades and that's something that I do think is going to reverse overtime. 603 warning me don't pick on my Dartmouth we're not snooty actually you know out of VIPs. Were this press release snooty. You cancer drug called that's why we're so. I'll I'll I'll tell you this much Conan O'Brien spoke at our graduation ones and he compared us. You know of Harvard is you know the real snooty you know well you know wearing blazers in this and that. And brown is kind of your hippie that's out doing whatever they want. Dartmouth is the cool we're younger brother that knows what they want but doesn't you know act all. Pretentious never it's a party school. I mean it used to be have a reputation. As a huge parties I don't know if it's still there's nothing else to do there. True there's nothing ills there we have a little fun if it's. Maybe it's that big before the inauguration Dow's down a few points that wouldn't worry about it. Well thank you world tuning in to our showed today they'll forget check us out on line financial exchange showed up and sent up for newsletters there's quite. Have a great day we'll see tomorrow from our insurer match dot com's duty.