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Full Show 3-14-17

Mar 14, 2017|

Full Show 3-14-17 by The Financial Exchange

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This is the financial exchange with the very Armstrong and showed saga. 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 and good. And now the financial exchange with the Barry Armstrong and chuck Exxon. The Republican health care plan is an unwritten mitigated this fight but he Kerry and John movie with you here today trucks on vacation in. You know the more I read about the Republican health care plan and that information that we're getting from the CBO the Congressional Budget Office. More importantly this is a nightmare. The CBO sees 24 million more people that'll be uninsured. But you're gonna save 337. Billion dollars in terms of deficit cuts John I don't think this is what president trump had in mind again. These CBO numbers are pretty ugly buried as you said it's could it mean more people uninsured obviously the extent to which that is true is somewhat debatable but I don't think anybody can argue. That more people are going to be uninsured. I mean one quote that I think release says at all in its common sense senator John court court none of the Texas said. When you don't force people to buy a product they don't want then more people will choose not to buy it that's one factor but the other factor is. There are disincentives right now to actually buy insurance. And a lot of people can be thwarted that adds up to a lot of people. Well and I think you look at you know the generation younger generation I like your son Tucker who's in our studio right now work trucks ought to. Mean they go to the doctor what me once every five or ten years unless they hurt themselves right in the right hurt themselves playing soccer something that might go to the emergency room but. You know their need for medical care. Is a lot less than John Mooney you're very Armstrong in terms of the neat yeah we went through this in Massachusetts with so called Romney care and we had a Republican. In office. Who came to conclusion that if you don't force healthy people the buying insurance in a lot of cases they won't buy insurance. And if you have a lot of healthy people not in the game. By definition the price for everyone else I EE older slash. Not as healthy or both goes higher and that's it that's what we're seeing that's the essence of the CBO report now. This could be the Tennessee who to blame the messenger in May be these numbers are exactly right Barry but I think the big picture trends that they outlined here are. Really not not even worthy of debate I mean they're at their their true. Now ERP. Getting involved in this conversation and they're calling it that double whammy for older individuals. Now higher premiums and lower subsidies and and we talked about that yesterday John if you are between the ages of fifty. And 64. And as matter of fact yesterday I don't know if you saw some of the text messages coming in. But people who listen to the show on a regular basis had done the calculations as to what their new health insurance premium was going to be the end of the complaint. They were not happy they're texting into the show saying hey this is not what I voted for when I was out with when I went to the trump rally in Portsmouth. I was told this and now what's coming forth. You know if you've got. Premiums going up by anywhere from forty to 50% of talking about those of you who are between the ages fifty and 64. And you're buying coverage on the individual market you know are covered by a group plan you're an independent contractor in your buying coverage on the individual market. Your premiums are going up a forty to 50% you're subsidies are going down by 70%. This is the problem and you know there's a sliding scale here on the the the tax credit. Based on age so you do get more money if you're you know over fifty. Or over sixty. But the problem is you need is not in relation to the cap the huge increases. That you actually paid in premiums. It it's that the people were made for me to over fifty. Are looking at really large. Increases in premium to get the tax credits aside for second. It just costs a lot more. To ensure someone over fifty. The someone in their twenties not the tax credits go a little bit of away by giving 2000 dollars to the twenty rules. And 4000 dollars to sixty year old but it doesn't come anywhere near. Dealing with the actual increase. I'm gonna read a quote team that was me yesterday. And I will tell you who needed then after ready you can track figured out. The Republicans are putting themselves in a very bad position. By repealing obamacare and you might think that was said by trucks and you might think that statement was made by Barack Obama. That statement was made by Donald Trump yesterday afternoon. The Republicans are putting themselves in a very bad position by repealing obamacare. The president of the United States the leader of the Republican Party does not like the plan that is being put forth. I guess I interpret a little bit differently Donald Trump's position all along has been. The best thing politically for Republicans to do. Would be to a Lowell obamacare is simply. Collapse under its own weight and do nothing. It actually a lot of people would like that because then we go back when it's. And Donald Trump has I think accurately argued. That politically that would be a winner because because Obama said. He would so would he set on the campaign trip he promised people with pre existing conditions that they have coverage he said everybody would be covered yet this is and everybody being covered. Yeah I I agree but there's there's two things two on one hand he's saying something that is true which is if you just let Obama cared gone. Yeah and repeal but don't replace. That Democrats will pay a price for that however the problem is here. If they come up with a plan that is not as good as obamacare or obamacare law only. Boy that's a real problem. And the problem they. Is they are the plane and they come forth with the Republicans. He's worse for their political base you know 52% of that vote for if you measure Americans over the age of fifty. 52% of them voted for Donald Trump right they're gonna feel like idiots that in the back by the Republican Party. If this plan is allowed to go through was as suggested that the only people that IC who might be trump supporters who might actually benefit from this. Would be the equivalent of singles. Earning between 48000 dollars and 75000. In and families whatever that translates to probably about doubled who now actually would get some home help. Because most people bury haven't gotten a penny of help. And they frankly need the help and they are getting so so. That's the good news here and in the thing I really like about this who's not a lot polite but. One thing I like is the fact that there's now not a disincentive. For people earning between 48 and 75 to make more money. Right that they they're not penalized by by adding that extra work or taking that extra project that's a good thing the problem is these numbers are just. In the position that they they the work. We our poll question today is do you support the Republican health care plan. Tony this is not be the plane is not meeting with much in the way of support even from their own party in even from party leadership Donald Trump himself does not like the Republican plan. So that's our poll question go to our website financial exchange showed dot com if you it. Would like to participate in in that poll question I just think it's this is something. That's a lot more complicated then perhaps it was bought while on the campaign trail. Yet there I mean it and the problem here is I I think we have two wins that people aren't gonna like obamacare and trumped care. And lurking in the background there is this theory that. Neither one's going to work. And maybe Medicare for all is really the only way to go single Payer single player. And outside you know when it comes to sing what should we charge to ensure some with the pre existing condition. What should we charge when insurance companies unlike any other policy they write cannot reject the policy. You have to take on that. Terrible policies then the case of some pre existing conditions but well I have a pre existing condition. When I go to buy insurance it's just like Nico Dubai and auto insurance and dear auto insurer. I promised to get in a minor wreck every six months. Guarantee. That's the deal what are you gonna charge me oh by the way you have to charge me the same as a safe driver and you can't deny. That is not ensures that Salinas. And I've had 3-D W wise right now in the news just if it put. If it does make insurance. Makes you wonder. Well I guess if it does make you wonder where we're headed I think it you get there eventually. It's just Americans don't want that system the Americans want independent private care they want to be the go to Mass. General. And they don't want to be told that they have to go to Boston city you know it's just the that's the way it is. In and that's that's part of the problem here and the other problem is his fifty million people with preexisting conditions not just like if you uninsured people a lot of people. That's right that's right. Well our text number is 68682. And chime in but our website address is financial exchange showed dot com. If you would like to participate in our poll question which is do you support the Republican health care plan. And coming up we're gonna be joined by Danielle hail from the National Association of Realtors. There were some nuggets of information in that report that came out on Friday that we missed. Daniels gonna help us better understand what we learned from Friday's jobs report and perhaps the impact it's going to have. On the spring real estate market that and more from our insurer match dot com studios. We've got Barry and Jacques. Actually secure. On the financial exchange radio network. Hi this is very Armstrong 47%. 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Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer imagine agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's 84499. Match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth Rock in more. There relations for all types of insurance and continued time stress the money we've just one phone call and one relationship. Called today 844 and 99 match or go online and ensure a match dot com everybody Barry Armstrong here from the by. It to exchange them joined by Jay who who's a senior vice president as leader bank. And leader bank has an exclusive. Program for those of you who are landlords here Cora collecting rent from one tenant are under one tenants. Zero it might be something wanna look into Jake talk to us about your how long has it been around. We've been offerings he ran for almost two years now two years and his have been successful spent extremely successful we've. Offered this product to really target hardly in the hours were still collecting checks in paper form in this day and age. And the purpose of Iran is to really bring everything online meet you electronic but more importantly. Had a piece that it and forget it so what's Elaine more hazard ten and set up. Really there's nothing that needs to be done until the lease is over. 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To learn more 8776917900. Collect your rent electronically make an awful lot of sense to me the phone number again 8776917900. Or visit. Zero rent dot net. Security suffered through securities America ain't member finreg SIPC. Advisory services are through securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. Today on the markets all day long. And our brand new website financial exchange showed dot com click the on demand includes didn't follow the markets from pillar to post Olympic financial exchange showed dot com. This brings real estate market is under way thought spring yet for the right around the corner and we're joined now by the end you know. Hailed from the National Association of Realtors to talk about that market. In the impact of the jobs report hi Daniel Oreo. And are you. Good so Daniel yesterday I saw the ten year treasury. Hit the highest it's been opposed to sixty yesterday. And that's the heights has been it's more than a couple of years and I know mortgage rates have gone apple guy. Since November what do they are probably half a point. Yet even a little bit more than that and they've started moving up. Even then aka the elderly at target. What's the impact of that going to be on the spring real estate market I worry about that a little bit because. You know the couple that could've afforded a 400000 dollar mortgage a year ago might only be able to afford a 350000. Dollar mortgage today. You know it's actually not that big of a different than a monthly payment so. In most are the countries. The changes only on the order of fifty or so dollars a month. So only those feelings that are really pushing the edge of the envelope back and right at the margins. Of qualifying and not qualifying are going to be expected. And healing had really encouraging engagement charger port and a pat on Friday chit chat continue to be added and earnings continue to go up that'll really help. You talk about regional director Gregory. You know worker wages are going up what do would empathy you know when I talked to in the past and you know you said. You know the realtors are complaining and I've talked to realtors in New England they say. There's not enough inventory I've got a lot of buyers got a lot of first time homebuyers and wanna buy 300000 our home of 40000 or hole. And there's not much to choose between. Yet after the probably continue to be here especially as you mentioned in the entry level. Order in an early break point. There's more inventory at a higher and global. But you know that part of the market and we want balance at the lower grade and Larry typically like cattle buyers that we're seeing we'll be inventory. And that's where it the most typical for buyers to get into the market deal I. I probably competition try to look statement. I've a question here in the past week have had a good economy with low rates but rising. That actually resulted in a big surge in the near term in purchasing. As a lot of people are afraid that he'll miss the boat on rates in price. Yet I can happen when we you know we have he protection mortgage rate went up actually by a very. Similar pretend they're at it a similar level what they. Are at right now actually are there a little bit tired there right now and we deeply felt so bad. But the overall. Economy with a quite as strong as citing in this case because. It is incompetent that repugnant that I think that will help he'd buyers into the market and we'll actually be a good thing that killed I think as long as inventory comes to market that until after the break. Danielle he had 50000. Construction jobs gains in February. Does that mean that the builders the homebuilders are putting more inventory can we expect. Much more into a new home construction by maybe October November in terms of inventory coming on the market. That's certainly a positive sign it we talked about we know that the demand is there panic as the questioner batting inventory and think. Now 50000 contraction god hopefully this is the first spent several months the Vatican ship jobs but think that will be a good night for housing starts. Our current sarcastic back. As a tactical about 8% in total in 2070. And there's certainly regret it demands that it exit or even more than. Right ray Daniel thank you very much for your time we appreciate it. Happy to be here. Danielle hail from National Association of Realtors and John with what's your perspective on the spring rolls that mark what are you hearing in your. I IC right now in fact I was just on talker about this we're seeing. Sales. A lot of sales we're seeing a lot of remodeling a lot of people going and buying these homes you know for 350000. Dollars. Throwing a hundred into it 150000 dollars into getting brand new houses we're missing it left and right. That's good day mean that because that. He that's. Good for the market because it keeps a lot of people working. That thing I've noticed in our tech news we have 40%. Less inventory then what we would normally we'd normally in our town. We only have 5055 houses on the market and that market goes up to 75. We have I think 32 homes to hold out for sale in our in our town and and that speaks to. The inventory issue. You know if if not if if there's nothing to five. It does drive up Chrysler's prices that you can go further out you mean I think that's the thing that seems to. Stop by my daughter was buying a place recently in she was very specific on where she wanted to live. Well refused willing to take a lesser place in order to live in that particular community we're seeing a lot less interest in far suburban areas as millennial wanna be close to work. If they don't wanna be close to work with more stuff going on in urban areas and this is really hurting. Deep suburban areas a lot. I wonder if that changes though you know gave because colonials were also. Late in terms of having children and now they your you know I think if something like 50% of millennial now have a kid. I wonder if your attitude towards living in that 800 square foot Condo in the city. Changes when you've got two little rug rats what. I you're actually record they're not going to the 4500. Square foot make mentions. They're trying to find 18100 square foot nice livable three bedrooms me before. Within like a half hour work in Matt you're gonna see a lot of demand that property either you can't he can't find. You know now what are they. Now maybe you may be doesn't change a distinctive. I remember the years of regional tickets. And space was very important he needed places to put all. Hockey that's that's always dream theater because we have elected she tended to a lot of entertaining yet the TV just. Yet that active lifestyle we have a lot of lot of children. You need the space spread out I don't know we will we'll see what the market looks like if he had stingiest talk to realtors. What Jeff Chubb. About what the market is going to look like the real estate market. You know come April and may because from what I've seen in in just going to like driving around look at how many people are going to an open house. It's amazing now have thirty people go to an open house on a Saturday. I've heard realtors say give me stuff that's decent and affordable and all of the line of people waited in line that's that's the inventory situation we're in right now Barry. Very hard to find there is demand there's just not a lot of laboratory. Well and you know what's amazing is they did pricing of the properties is going above the asking price is no question. If I people people putting a lower asking price is no way it's gonna encourage a wild bidding war. It's definitely yeah absolutely if it's it's quite he's effective in terms of what it's trying to inspire. You get the the Rio works typically. They'll have an open house you know on Saturday or Sunday in the say okay we've already got three offers in if you wanna make an offer. It's gonna need to be above the he offer price and we need your offer by 5 o'clock and how many contingencies are you willing to wait. Yeah it's it really is a seller's market right knows no doubt that that's that's my only concern going to spring Barry's that they just might not be enough good properties. For there to be great numbers at least the northeast that's a big problem. Yeah it could very well you know yesterday we reported on Intel's purchase of mobile. And we're gonna revisit that story just gets more details on it if you're in the dryer hose cart technology. That will be our next topic. From our insurer match dot com studios on a date where the Dow was down 73 points in the SPs down thirteen brutal yet talked about for votes up. Trading at 4745. Okay. Making your Smartphone even smarter Dell logo mobile lab by surgeons financial exchange joke in nineteen Jordan who who played stores. This is the financial exchange radio network. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Brin today we've zero and leader banks all mine rent collection tool. He went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see 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 net to learn more or call 7816418691. Hi this is very Armstrong did you know that the federal funds rate set by the Federal Reserve influences all other common interest rates the federal funds rate is the rate that banks use to charge one another to borrow money and while it's one of the lowest rates in existence it is rising observers expect additional rate increases in 2017 the Armstrong advisory group has written a free guide to inform you of the challenges that exists while investing in a rising interest rate environment if you have questions about how these rising interest rates might affect your financial strategy call 803934001. To get this free guide or download it at our website financial exchange showed dot com if you have over 400000 dollars in invest the last sets you can set up an appointment for a free consultation with one of our advisors who can help you navigate this new rising interest rate environment that's 803934001803934001. Security officer securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. 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I mean that's an eight. Right right. There which is more important than the rate it is it is. I wanna read it as low pressure from a texture I get a letter once a week from real estate agent wanting to sell my house yeah. John letters like that even approached all yeah it's like we have by buyers for your house if you wanna sell it and I mean look the question I have that I would ask the guys we're in my got to go oh. There's a there's a reason they wanna buy my house is because it's like not that expensive at least now and like there's just nothing like that analysts are wanna try to talk someone else the selling their costs. You would like I've run into though with my clients is they got a place on the wars they've got a place on the mounds and mounds. And that kind of ready yet out of the Boston area. And they're very happy to sell their house and their tremendous prices. You know by weaving imagine how you'd feel. Now if you sold your house back in 2011 currently just look at all of them live in today yeah right. Yeah it's six years later how much is your home gonna open such yours via a lot of course you bring it back down 2004 yo while Leah I'm awarded them better low yielding CD but you. I mean in the last five years it's gone up a lot. By the way we we started the show law with a controversial topic and on the texting side many view. Damian and and were somewhat supportive of the Republican health care plan. But on the website where we asked the question do you support the Republican health care plan overwhelming. Our listeners do not support the Republican health care plan this is the one being brought forth by Paul ride the view overwhelming 72%. Job. Do not like the place. Point 7% supported 72% and instincts and you know the problem here Perry politically is that this news arguably. Even more unpopular. Among so called conservatives. As it is for liberals because conservatives have a problem with the essence of the credit. Yes they do point good point thank you. He'd be. These the ones I'm talking to John. McKay I talked to Lee retired truck driver yesterday. And he is PO beyond belief rate trucking is a tough business is here a lot of times by the time sixty. You're in tough shape physically. And he is 63 years old covered by obamacare and pain about a 120 dollars a month for Obama care yes. The Affordable Care Act brought forth by Republicans and increases pre instrument that he voted for Donald Trump yeah. This is the reality and the other reality from the perspective of conservatives Berry is. Why should we raise the income levels where we're gonna give direct subsidies. To people who don't need the help. Who were 28 years old in have a very affordable high deductible policy the very happy with. We're gonna pay their entire policy with a refundable tax credit and oh by the way for people who make no pain no tax. This is refundable. Meaning you know legal things we had a workman's club welfare who were actually paying you to live here. And to be insured so there's a conservative argument against this that is as compelling as the argument that. Liberals have against that would be against that happening no that's not really fair question you'd put in the world speculating it. I I talked to hedge fund guy yesterday. Who. These lobbyists in Washington. And he told me he said. They're just gonna walk away from it and move on Inco rated tax reform because trumpets how adamant about getting things done. And that kind of makes sense based on the quote that Z I'm not sure I'm not sure they can do that though because. You can't go ahead and deal with tax cuts until you have to score. On 18%. Of our economy which is healthcare you can't go ahead and say okay we're gonna give her body big fat tax cuts. Not knowing the liability we have on the health costs so this has to be done I think where this ends his. Both sides have to say stop the screaming stop whining about trump care and obamacare and how terrible the other plan is even though they have a lot in common. Let's sit down and let's do we should've done back in 2008. Let's come together with a consensus. On a plan that makes cents. It's going to be I know it's easier said that done that but the Republicans have the numbers in in in ball bounces well that's what you said during my state of the union rate that month ago now officially I need to work together and I listen to what the prices president said which is a quote. He is. Very agreeable. To negotiating with the troubles throwing out an olive branch ferry which is that what you're saying he wants to put this thing to bed and get a deal. And not being ideological about it in that could help us get a plan. But I could easily do. I think he would do amnesty for illegals on this. I think you'd trade. He said he would you know I'm not sure there's a quid pro quo one on that but I think he's willing to give up major aspects of this particular plant to make it work. Both sides are gonna have to compromise because. Something's going to be done. They have talked to a lot about our friends at the insurer Mac agency in the existing makes sure your. Assets are protected if your like many of my listeners alone Holman when 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. Cent to 84499. Match and let them prepare a personalized plan. That will give you the best comfort at the best price. They'll also dig out all the discounts preferred customers like you can qualify for. Call insurer to compare multiple rates from all of the top carriers including our bill. Plymouth rock and more. At 84499. Match at 84499. Match insure a match is license for all types of insurance and they can save you. Time stress and money one phone call. One relationship that is all you need call today 84499. Match or go online at insure a match. Dot com. What been dying to talk to you a boat this Intel acquisition of mobile. And you know they paid fifteen point three billion dollars in almost seems John like they did this. Because they missed out on the cellphone to unity they have they sat that one out and they said. You'd have to be a participant in this in the carpet yet Intel's. And very reluctant to get involved in businesses that have low end low margin products. But that come with in the semiconductor chips you know they gave me a lot of money. Google fashion. Computers. That the greens the computers that's where you know Intel inside right. That the problem is Intel was made some really bad acquisitions. But for the but McAfee for seven point seven billion dollars back back in the days Barry wood seven point seven billion with the Iowa right. Yes that was not a good acquisition that was the very top of the market a McAfee. And this some question I don't think there's any question that we're going the direction of rival of course the question obviously is when is gonna be mainstream. But the question is is this the white course the battle you know do we know I mean it's camera based technology. That has had mixed results a river that fatal accident the auto pilot couldn't distinguish a bright guy from a white trying to hold on. That niche as a review that job and they said that was not the technologies problem because it was only states to technology that drivers should have been paying attention let's. And it's that you talk about the Tesla facts yet it's just won't make you go back and review the files on it. Nusa national transportation authority which by the way right out of MIT emerge. They came back and said look we reviewed that. And the technology as present it was not ready to be completely hands off and the driver lose. And it. If you shouldn't say that suppose because he's dead but. It was not a car problem where the technology problem. I think the big question is. EU EU. They did the right point which is you know are are they the one you should you buy Intel shares and and you could buy Qualcomm could write. Google could buy Dell thought he could by general I mean there's. Everybody John is spending so much money on this technology that's the only response I happen. To our listeners who say oh Barry. It'll never happen they'll never be driving this car technology. We have to do is look at the billions of dollars that are being tested it. Yet it's coming there are pretty hits. I mean drivers driver was technology does exist it's a matter of refining it and as we discussed ad nauseam. The logistical issues. Of making it mainstream in terms of practical use they were just so many issues beyond the control of Intel. In mobile life in everybody else that are gonna make this really hard to be fully autonomous. I still take the under on any projections on. Widespread. Use of this technology before 20/20 52030. But I could be wrong but the bottom line is even a fight im wrong. There's going to be a lot of cars that are heavily autonomous that would use this technology to enhance the experience there's no question about that. Mary. I'd I'd I'd take that under 25 I I think you you'll. I think you'll have pretty widespread adoption you don't like mr. on the these companies are spending so much money your stockholders are going to insist on. Right at Google stockholder it Tesla stock holder who burst stockholder. This state look you have to roll this out we price this into your stock now by 22 when your point when he won a note to still be given us point one thought that the Fed. Before it's available at the up next will be tied John Moody made a statement yesterday I didn't agree with it had to do with oil. And it turns out John Moody was right I was wrong. That. Put we're gonna talk about what when we return from our insurer match dot com studios. You radio that can enrich your life and help your portfolio. Oh yeah the financial exchange with Barry Armstrong and jobs auto on the financial exchange radio network. Hi this is very Armstrong did you know that the federal funds rate set by the Federal Reserve influences all other common interest rates the federal funds rate is the rate that banks use to charge one another to borrow money and while it's one of the lowest rates in existence it is rising observers expect additional rate increases in 2017 the Armstrong advisory group has written a free guide to inform you of the challenges that exist while investing in a rising interest rate environment if you have questions about how these rising interest rates might affect your financial strategy call 803934001. To get this free guy or download it at our website financial exchange showed dot com if you have over 400000 dollars in invest able assets you can set up an appointment for a free consultation with one of our advisors who can help you navigate this new rising interest rate environment that's 803934001803934001. It's. Series offers you securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. State an asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you hi this is Daria are strong and I'd like to talk to you about the law firm of Cushing handle and they'd been creating a state plans for folks in New England for more than thirty years and they can help you too with all the different types of trusts available I can understand the confusion when it comes to a state planning do you need to -- global trust do you need an irrevocable trust and what's the difference you -- an expert advice and -- and dollars put together -- free guide that will help you decide the best plan for you and your family you can receive this free guide the differences between revolt global and irrevocable trust by calling 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors and long term care expenses caller right now and get this free -- 8668485699. That's 86684856990. Or download it right now from their website legal exchange show dot com. Very are strong here and I'm joined by estate planning attorney Todd black ski with the law firm of Cushing and Dolan were talking about the differences between revolt equivalent irrevocable trusts. Todd if you've already established in revolt global Lori living trust can use that we go back to the attorney that drafted it and of mend it. In an effort to have it become a durable quibble or Medicaid trust. Yet the answer is the yes you can go back and get and your rule global trust but no you cannot go back and a man and the old trust. So I think that Barry what you require him. It requires the crafting of a new document absolutely in fact we. I'm gonna tell you right now if you do go back two year old lawyer to get it changed and here she says Aaliyah weakens we can you know. A man this existing trust that you have walked out again because it's a recipe. For disaster he's irrevocable trusts are not simply going to take the word revoke evil and make it irrevocable and somehow that fixes it it's the language that needs to be in the document soup to nuts. The guts of the trust that really provides the protection you're looking for. From the cost of long term care and I might add that just because you've done a revote global trust in the past. That's not a black thing that you might have done a fifteen years ago. It might be time to say you know what I'm older tax laws have changed their sales has changed circumstances changed. Maybe I should go back just to check and say maybe it's time to switch to the irrevocable trust to better satisfied my current needs. If you don't have long term care insurance it might be a really good time to learn about the differences between revoke global trusts and irrevocable trusts. The phone number to call is 8668485699. Call Cushing and dole and and request this brand new guide that describes all of the differences between revolt global verses irrevocable trust the poll number. 86684856998668485699. If you missed any part of today's show not to worry go to financial exchange showed dot com and click listen. Then click on the mend and catch up on every segment you'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show does come. You. Although Marlon Brando first made the role veto Corleone. Famous in 1970 twos god Robert De Niro. Plea younger version of the character in 1970 fours the godfather part two. Christen a Chris from Washington's mills got that right. Crucially getting to travel mugs to pins in a financial exchange each year. Get our tribute concert has brought Cuba with the onyx dental Joseph would be onyx is revolutionizing the dental industry. Recent double blind studies UC Irvine found that live beyond its roots lack two and a half times better. The leading to face the treaty gingivitis what are yours today by visiting best dental jailed dot com that's best dental journal dot com. You know coupled text messages that I just need to share. Great suggestion from finally the only health care plan I will accept is the one that includes all of congress having the same plan wouldn't that be great ideas. If he said that congress. We're not gonna get health insurance you're buying health insurance you buy it through Romney care you buy it through prompt care for it through here this week that. Seriously is that if I wouldn't it be a great way to solve the issue if that was the case none of these plans would be good introduced. My little phone quoted him. Right but my point is what's good you know it's good right goose is good for the gander yeah duck on it. The you know these politicians think their holier than and I I don't care what your talking about Republicans or Democrats are all but there. And I think you just say to them hate you you take this plane is so great Republicans you think missile plan is so terrific Democrats greet you this. You know that need to see them address the issue watchers you know the Barry unfortunately it's a lot easier to give great plans to 600 dirt bags. That is for 350 million of us well economics are tough yes if they favor the dirt bags unfortunately. And then 617 as driver of the scars liability issues have not been wrestle and are serious he's not out no fault for everybody. In and that is you know the driver of a scorer technology a lot of you are very resistant and I know I mean you folks in meetings and you know my own father might make my own. You know takes me to task on my position as a relief to drive post cart technology he likes driving his car. And he thinks when I talked to drive post cart technology he makes up talent and he's getting old and and and shouldn't be driving it's not what I mean at all. What I'm telling news I read the annual reports for auto insurance companies and that's that's what I do instead of watching the godfather I reading reports that. And when I re seeing reports I'm seeing spikes in accidents and auto claims on. Of forty and 50% you know which means that. John Moody's. Car insurance premium is gonna go up to forty and 50% my dad's archer expert yet had an accident years but because car accidents are up. To such agree degree auto insurance is gonna go up so if you want to drop. If you're like my dad knees on night to those robotic cars Berry. Well if you're like him right you're gonna pay five grand a year fear card terms and and then John Mooney who's going to be one of the early adapters of auto technology. And autonomous cars and or myself right all pay 500 dollars a year. And my data pay 5000 dollars trades and story long right even somebody's obstinate as my father is gonna say. With us and I'll get that rivals cart technology and say 4000 dollars a year my insurance. And I think even more compelling and you're actually right that's a great economic argument there's a great human now argument which is that. You know if you're under. 5560. Your biggest threat that you biggest risk health wise is being in a car. A lot of people if you're under twenty it's it's by far the leading risk. You're likely to die at 40000 people die every year car accidents that number's on the rise. And it should be three decades went down. You ever. For fifty years that number was on the decline in every seat beat him you know when your kids either in half it didn't even have to Wear seat. Remember the crackdown on drunk driving which really brought that number weed them which we have wonderful thing. You look at these numbers that's that. It's only in the last with the advent of Smartphone. That is win. Automobile accident started to increase dramatically. And I mean it's it's nuts if you look at the tally rates. And more than that you know you'd you'd yet Vitale rates are up. But take a look at the the automobile accident rates but he also and another factor. Another story that really concern me Berry is. If you talk to police and insurance companies are investigating accidents. Police are saying when they investigate these accidents in the fall basis. If finding more and more accidents with there are no skid marks in them which these are involved in people who were so distracted. They didn't even know what him. They were looking down they never they never even started to break the vehicle this is happening at big numbers. The he chucked complains about it all the time and you'll say that he sees accidents on streak stretches of road. That are you know you'd be that are clearly distracted driving and if you talk to anybody. Eric your son or any of his friends who work in emergency services like he empties. Delta because they they walked in and and they they're talking they're the first responders right so. When there's an accident on the Mass Pike the era the scene and they'll talk to these kids right after it's not just kids it's adults are. In this it would happen some iPhone in and you know I just didn't see that truck that that rain meal you know and and there are no skid marks it's clear blue day perfect. And no we attempted to stump because what was where it was happening it. Well I wanna thank everybody for tuning in to this hour of the financial chiefs don't forget to go to our website financial exchange showed dot com and participate in our poll question which is. Do you support the Republican help her play health care plan. We'll have the results during the next hour of the show. When we return from lunch or match dot com. Hi this is very Armstrong did you know that the federal funds rate set by the Federal Reserve influences all other common interest rates the federal funds rate is the rate that banks use to charge one another to borrow money and while it's one of the lowest rates in existence it is rising observers expect additional rate increases in 2017 the Armstrong advisory group has written a free guide to inform you of the challenges that exists while investing in a rising interest rate environment if you have questions about how these rising interest rates might affect your financial strategy call 803934001. To get this free guide or download it at our website financial exchange showed dot com if you have over 400000 dollars in invest more assets you can set up an appointment for a free consultation with one of our advisors who can help you navigate this new rising interest rate environment that's 8039340018039340012. Three suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are. Unaffiliated I am very strong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their super offers and I'm here to tell you about another one you're offering a tremendous deal for a small business loan this offer is only good for a limited time so if you own a small business and you're looking to make improvements this is the deal you should really pay attention to you can secure a four year loan at a fixed rate three point 99% with absolutely no closing costs alone can be up to 50000 dollars and leader bank promises a two week turnaround in under ready for decision that's a four year loan at a fixed rate of three point 99% this is a tremendous offer but it's only available for a limited time all right now 8776917. To 900 that's 8776917900. And you can lock in to this great offer 8776917900. Or visit them online at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure a match agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered we'll also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more. There relations for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today. We're talking about interest rates we are of the opinion that interest rates are going to rise two or three times during calendar year 27 team the big question is chuck why is the Federal Reserve increasing the federal funds rate now yet the big reason why the Fed bumps up that federal funds rate. Is because they feel that the economy is on pretty stable footing and they simply want to make sure that inflation. Doesn't get out of control there's too much money floating around. In the economy so what they do is they raise that federal funds rate and has two effects one it makes borrowing a little bit more expensive. It also raises the amount of people we're able to get on things like CDs and savings accounts helping them to keep money in the bank instead of spending so would we talked about how housing. Is hot in prices are rising in young people millennial they're getting priced out of the housing market people can afford to buy a house house because prices are rising too fast with the Fed take that into consideration when they're looking at raising interest rates they would housing does factor and all there inflation metrics that they look at. And so is definitely something that factors in. And what you see there is that as rates and the rising mortgage rates go up to makes a little bit more challenging to buy a home focus of the rising mortgage rates would actually depress housing prices good to know. Hey folks if you like to get a guide called how to invest in a rising interest rate environment call my office at 800. 3934001. That's 803934001. We are of the opinion. That interest rates are going to rise two or three times during calendar year 2070. If he'd like to receive a copy of our guide called all free 803934001. 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. Some folks are willing to accept the glass is half full but when it comes to skiing and riding. Well enjoy free Springsteen U Waterville Valley resort we've become a new pass holder and get your 2017. Eighteenth season pass tonight with great events spectacular conditions you won't want to miss out this spring I get a full glass. Having it all right here and I'm drinking. Forever in Waterville Valley visit Waterville dot com Waterville Valley resort is a proud partner of BMW. State and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you hi this is very are strong and I'd like to talk to you about the law -- of -- -- and they'd been creating a state plans for folks in New England for more than thirty years and they can help you -- -- all the different types of -- available I can understand the confusion when it comes to a state -- do you need to -- global trust do you need an irrevocable trust and what's the difference you -- an expert advice and -- -- dollars put together a free guide it will help you decide the best plan for you and your family you can receive this free guide the differences between -- global and irrevocable trust by calling 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors and long term care expenses caller right now and get this free -- 8668485699. That's 86684856990. Or download it right now from their website legal exchange -- 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 it just makes sense give leader bank a call and learn more call 8776917900. Or visit leader bank does come not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- This is the financial exchange with the Barry Armstrong and chunks of us. You're exclusive look at business and financial news affecting your game 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. John Moody filling in for chuck is on all week. And when you're right you're right John Moody yesterday I said to me oil prices have a little bit further fallen. I was skeptical IEA I just listened to that message I don't know if today I don't think the saudis want to go much lower. And I certainly don't think domestic production is gonna pick up well I got it ass backwards. Because US shale drillers announced that they are set to raise oil output by a 109000. Barrels a day. In the month of April John Mooney and I how did you know that it's an inside information. No just we look at the price of oil going down all the time. During a synchronized global recovery with a Americans using lots of the product Europeans using more of the product. And Asians using more of the product. There's something that's got to be going on the supply side and part of this I think is the fact that we have a very pro energy president. Who is gonna drill baby drill which is gonna definitely helped supply with the other issue with Barry we are now up to five million barrels a day on shale. That's as much as our total output was not long ago I mean this is nothing short of revolution. And the other factor that's going on here is the saudis. Are kind of play in both sides surprise surprise. They quote I'd love this expression eased cots meaning that. They did go through with cuts but not as much as they promised so they're pumping war or will make cold as they would do. As some games go on and and the other issue buried has me really feeling like oil could drop a lot. Use the Saudi aramco IPO was coming up in about a year. Doubt we'll price aramco as my form the world's most valuable company. They do not want to lose market share in anticipation that. So there will it take a lower price. How is that floor price can hurt their market I hit two absolutely. Yeah I mean this is a game where were to be rookie card for people who win. Because you're right they they don't want the price to go down. But at the same time they don't want to do an IPO. Insane you know our market share went down ten points last year where worth. Two trillion dollars only pick essentially worth what two trillion dollars million unique number one trillion dollar company. It's states. Well and he may be worth two trillion today but if we start bringing in a lot of this. You know alternative energy treaties solar and wind keeps it enough. You know the big thing holding that back canceled battery technology but even that is an area where you're seeing enhancements being mean if Harvard MIT and Stanford Michigan tech. You know battery technologies that gets more Kazaa it story that's the problem and put feedback into the grid grid doesn't want it. It means utility companies to get that storage facility really cost effective. In the meantime crude oil just cracked its 200 day moving average which for technical investors in known technicians. We indicate that's a bad sign that means it's going down. Buried it doesn't make a whole lot of sense with a with a stronger economy promised stimulus tax cuts more demand coming from the US. And OPEC said. Amazing various OPEC is saying that generally. Collectively. They did reduce output. Rate congress and they and they pretty good compliance and percent compliance. And can get prices are dropping this is bizarre this is a bad week to be an employer. And they say that because nobody showed up for work today right and end the plumber paid. Tomorrow you can bet that a lot of peoples are gonna be couple hours late getting into the got a shovel out. And then Thursday the darn basketball tournament starts and nobody works on Thursday or Friday with what time did they start playing basketball on Thursday 10 o'clock in the morning eleven I think it's right at noon we'll meet we'll check but whatever it is it's an all day affair in its distracts workers across the country. So Tucker how does some but he. Stream March Madness at work now while on the design company Don let. Yes so people can just go to the and CA website for slash March Madness. Using. The March Madness lies app and you can use your tablet. Or your phone you can use this on your laptop and you can get two games. For free so they go in on top of that period. On nom if you have a Cabell county you can watch live TV whatever. The March Madness website has a boss button. In the upper right hand corner so if you hit the boss button it pulls up like fake spreadsheet or something like that minimizes the game right away. So you can yeah it looks like a fake screen shot of note taking or a like a PowerPoint like Al. Is says boss button right right in the corner there the flow of little world. We live in job you know is a very if you're gonna have a date for a snowstorm and have everybody not show the work this might be the best day of the year to do it for productivity standpoint because. I read that this March Madness is the greatest killer productivity. In the united states of that's the case we'll just make this a holiday every year the stability work. The day today that racquet just happens most formidable stable just holidays your best and hopefully it's the tournament doesn't start till Thursday but you epic games and I. So it's a good time this storm. Connecticut waste time at home runs that were about a letter first game is Thursday it looks like at 1215 as Princeton takes on Notre Dame. And will be walking by your office I guess what you know be checking that off spot. If I. He and employers around the country I hope you're paying attention because your picture of Perry and that you'd you'd like I thought that if that's a very nice. Caricature. Connecticut ranks second in the category in which they would rather not ranked second. Yet this is surprise surprise second in tax burden. Not until May 21. Which is tax freedom day did Connecticut taxpayers earn enough. To pay their federal state and local taxes imagine that we're we're now you know complaining that it's almost boring and the weather is you know mid winter. But you know you don't get to keep the penny in in Connecticut and through May 21. Well with the baseball season. Connecticut ranked fiftieth. Among states and how long for taxpayers to pay their taxes. The overall state tax burden 7869. Person dollars per year for just state and local taxes per person. It kinetic you know the problem in Connecticut. It is you have the highest taxes in the country are among the highest taxes in the country. But as Len Fasano who's the and Republican leader from north north haven Connecticut says. We do not benefit from a strong economy an absence of a budget deficit and little debt. You know that's the problem and can use the day of taxed to such a degree. That any employer whose mobile and can moved to another state such as South Carolina. Or New Hampshire he you know it's bad when people are leaving Connecticut to go to New York you know it's bad when companies like Pfizer. Are leaving Connecticut and GE leaving Connecticut to go to Massachusetts we make work high tax state. But we're actually. If you look at Massachusetts John usually in the Tax Foundation at a rank anywhere from 24 to 26 right in terms total taxation not as bad as south. The flip side of that too absolutely the flip side of that though is. You know how much repeat. We're making and Connecticut is a very high paying state and they credit their well educated workforce. As being productive in generating more income which leads to a higher level of taxes they've also invest a lot of money as you know an excellent schools colleges. And they have a very a strong safety net as well so there's a lot Connecticut has going for it. But cost is very high no question probably is all the wealthiest country this is right in Fairfield County units if at all. Right in that area. Here you get outside to heart 42 eastern Connecticut and northern Connecticut you don't have he's the numbers rural skewed because it funds in down in Stanford and Fairfield county and I read an excellent blog article buried in other words in the in the business of congratulating each other I wanna congratulate you on an excellent blog item. Talking about. How the state of New Jersey which which hassle these same issues as Connecticut. Got in very big trouble because one man decided to leave David tepper temper and when he left the state had a budget crisis he might say well that's crazy. Connecticut is a similar book oh where do a relatively small number of extraordinarily high paid people. Are paying a large chunk of that bill and if that becomes a place that is not friendly to those people. And even if you believe you can have a crisis in the place like Connecticut Lotta people living Greenwich right now aside moved to Florida. They're paying a lot of those bills. When we come back we're talked about after a long economic slide Rhode Island lures new business geno Armando in Rhode Island. One could argue that she's doing a pretty good job but her popularity figures don't make that case will be right back from our insurer match dot com studio. One short little tour everything business and finance it's the financial exchange with Barry Armstrong and -- son on the financial exchange radio network. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer imagine agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match that's 84499. Match many of our listeners don't know home and one or two cars -- that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered well so they get all the discounts preferred customers like you can qualify for Collins sure match to compare multiple rates and carriers and 844 and 99 match let's 84499. Match insure a match were true the leading carriers in the industry Mike Rabelo Plymouth rock and more. Their license for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today 844 and 99 match or go online and ensure a match dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Terry suffered securities America incorporated member in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. It's our daily poll question had financial exchange showed Dodd John. Your conscience there are just vote go to financial exchange oh god come and tell us the way. This segment of the financial exchanges Brian T can buy bigger bank. If you're looking to diversify your portfolio. Precious metals are Smart investment. Gold and silver bullion coins are now available at all Peter bank locations call 8776917900. Or log on to leader bank dot com. For more information. You know John in the first hour of the show we mentioned. The news you get along segment on. The Republican health care plan and yesterday afternoon Donald Trump had this to say about the Republican proposal. The Republicans are putting themselves noticing agency ourselves. In putting us. He said the Republicans are putting themselves in a very bad position by repealing obamacare he does not like he does not like the Republican plan. 60%. Of our listeners don't like it as well you can participate in our poll question by going to financial exchange showed dot com. We wanted to know how you feel about the Republican proposal for repealing obamacare and coming forth with a new plan. Donald Trump doesn't like it. I'm not saying whether I like it or not I'd be curious to see how you feel. Do you support the Republican health care plan and the question is posted on our website financial exchange showed dot com. Jeter Armando. By by all accounts Johnson in Rhode Island good pretty good job would you say yeah. A there's several indications of you know companies are now finding Rhode Island to be attractive. A good example of this is. The chief executive of united national foods was saying he looked at about thirty different possible flights across the country. And chose Providence, Rhode Island I mean who was left on your event like companies and we did our homework and I due diligence and you know. We decided we should be in Providence. Well let me give you some signs here in fifteen months they've had fifteen companies. That tenacity search small company we talk about fortune 500 companies to. There has relocated. Or announced plans to expand their operations in Rhode Island. Nineteen. Big commercial real estate projects have been approved. And the unemployment rate is four point 7%. It's the first time it's been below the national average in twelve years. And I've lived in New England now for 27 years and during that 27 year period of time John. Rhode Island those at the toughest economy meaning it's always well question the rest of the way. Now it doesn't you know sometimes you need to have you back to the wall to really get it right. In all again not to endorse this particular person but. You know this Romano is a Harvard educated he'll trained lawyer wrote we won't hold that it's normal against. A venture capitalists a venture analyst. Yes bill is what it takes to get capital to be attracted to you she's it she did dealmaker a center capitalists are. So bring the bring it on bring on the jobs bring in the companies and again we should mention that the united national food said that part of the reason was very attractive tax incentives. This the controversial part bury the lot of people don't like but when you give these companies deals they bring people who pay a lot of taxes. What they do and helps property values it helps schools system your sales tax collections go up your income tax. Collections your share of the federal income tax comes back to you but it to meet this. If she's due in such a terrific job. Why are holed pursue terrible last Bronson hear that question this morning 55 to 38 the wrong direction in terms of popularity in Rhode Island. Because then again that's just my guess it's perceived that a lot of this is a handout to the rich. RI is politically a very very liberal state. A lot of what she's doing it ironically. Given her you know she's a Democrat exactly I know she's a Democrat. But a lot of what she's doing. Is non ideological. And not along the liberal playbook in a lot of liberals don't like that. Well they clearly don't I know she's having a lot of problems with the public unions because before she became governor of Rhode Island shoes it treasurer. And she was the one that keep the public unions and the public pensions Erica and and people don't like the public pensions and absolutely. He's got a real problem with policemen firefighters and teachers and it's a strong a union state you find in the entire country and so I mean you're up against a lot of obstacles ideologically. But she's taking a business approach to try to make this work again is that right or wrong I could see why a lot of people buy into what it's yielding results. I play the techsters coming in not terribly. Positive towards Gina and we don't live there but I can just tell you the the as long as I've lived in New England 27 years Rhode Island always had the worst unemployment situation yeah and again we're we're making a subjective judgment on you know issue great governor. We're just simply greed of the two white. The fact that there were some companies here that chosen. Providence and Trojan RI. Because of the taxes and if so is that good or bad you you determine that but that's the news that's right there. Let's talk a little bit about some economic. News the ten year treasury yesterday. Hit its highest level since September. Of 2014. And haven't looked at it today I'll pull it up and I see the ten year treasury yield is now 2.5. 9%. That that bears some significant yup that would indicate that we're probably in that race. Well the 2.5 nine today the slight decline in the yield I think it is related effect of stock markets will bit weaker. The news has brought the yield. Creeping higher and higher not dramatically so but like. Today there's a number which I think I mentioned earlier this final demand numbering GDP came out it was 2.2 percent which is pretty good number. Of where we are right now the economy looks pretty good in the Fed is set to definitely raise rates though. That's that's a backdrop where you want to be really careful bonds. And what about PPI this morning meat Producer Price Index came in well hotter than expected zero point 3% and importantly without food and energy also zero point 3% again annualized that's three point 6%. Doesn't necessarily jibe with the zero point 75% Fed Funds rate that's where rates are going here. You know the V you'll debate. You know they'll tell us dental inflation's running CPI Italy two point 1% to one point 8%. I've never bought that I I I love my wife and I look at what it costs us to run our household. And we calculate inflation is running at anywhere from five to 7% a year by tiny school include things like. Car insurance and food and entertainment and property maintenance hurry you know he wanted to work done around your house. I think inflation Brian morally five for 7%. I mean in theory they're not supposed to be I mean this supposed to go with the published numbers. Which you know they and they look very closely at excluding food and energy because over time that does get into the number but if fluctuates a lot in is that it's very variable. So but it did bury the question I have periods even if we accept the number that it is historically. The Fed Funds rate is inflation plus 1% that's not like honey. In that get shoot even if the numbers like really low and fake. One point eight and in two point eight that's a lot higher than zero point 75. Since the Fed is known as long process of trying to get the normalization. You know a lot of fun. Well again normal lives in a slow GDP. Error rate they would you've seen for Q1 GDP about one point two. And second quarter but three million were were virtually floating around 2%. The estimates for this year 2.2 2.3 percent. But the problem areas we've been in that environment for a long time so we stay there. You never get a chance to get it back the normal. The day eat your right in right that therein therein lies the problem and Nader trying to normalize. And they're trying to sell it the thing is if I were to have an economist join us during morals program. And he's going to explain to us how rising interest rates actually increase GDP in its counter intuitive because the last eight years we've been told. It in order to get the economy going have to keep interest rates depressed during the moral show you'll learn that in fact. It rising interest rates can help improve gross domestic product and we'll talk about how that would work. Right now the Dow is down eight points the Dow down 32 and the NASDAQ is down 27 points when we come back we'll have trivia for you. From our insurer. Match dot com studios. You've got a barrier and strong financial exchange. Shall look financial exchange radio network. 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Called today 84499. Match or go online and ensure a match dot com. The latest financial two and speed moon place it's the financial exchange we Barry Armstrong and chunks not a on the financial exchange radio network. Trivia is brought you by what he onyx dental bill would be onyx is revolutionizing. The dental industry. In recent. Double blind study UC Irvine found that would be on it removes plaque. Two and a half times better than a leading toothpaste for treating gingivitis order yours today by visiting. This dental jail dot com. And we're doing tribute today based on the TV movies the godfather is this is a series. Picture. Which character did actor Robert Duvall portray. In the god father and the godfather part two are tech's number is 68681. Listener with the correct answer. Win a prize pack that includes a T shirt. To travel coffee mugs and to pins. 68680s. The text number which character actor Robert Duvall portrayed in the godfather and the godfather. Part two. In our poll question we asked you to participate a porno like you have. Do you support the Republican health care plan I'll remind you that Donald Trump has made very derogatory statements regarding the Republican health care plan and proposed plan. 77%. Of you agree with the president and 22% of you like the Republican health care plan I'm surprised the numbers of those you to that degree John. Yeah I mean that'd there's a lot to dislike. I imagine if we had a poll about obamacare would be even more negative so yeah what a lot of bad plans to choose from here. Marissa Mayer to get a 23 million dollar golden parachute now. I would tell you I do not own shares of Yahoo! so I don't have a vote on this. But when it comes to corporate governance. I think a lot of people look at a story like this John and say she she came over from goal but. She did. I think by most estimates based on the stock price in this performance of the company. Not a great but by any standard well they have these so thank you for 23 million bucks at two walks up the door. I mean by any standard. The company was a failure well under her you know tenure. And that they had to BC you know put up for sale put up a parts of their company for sale. Really the latest example Barry heads I win tails I win. Executive compensation. She doesn't do a good job which you feel it here I guess you could debate that she clearly wasn't the big success. She's leaving his you have to. If she's getting 23 million dollars. To go away which includes three million dollars in cash. And twenty million dollars of restricted stock not a bad they blame for that if if if you're an error an agreement on. Like is that the shareholders it's it's the there's compensation committee. Yahoo! made that decision. Yes I I think the board of directors and I think management. Should be blamed. And also I blame to some extent shareholders. For not becoming more active you know most of the zone couple hundred shares of stock and no we get little thing in the mail that says view of the board of directors recommend approve guy out check check check. Most of surpassed the investors that. You maybe we should start becoming a little bit more active enough and and and try to not allow companies to him this way because it's really not right. In eventually you know loses its shareholders. Not the taxpayers though no one else. Not society if the people who own stock in these companies were getting screwed. It like to tell you about it terrific. New dental product that will help you keep your teeth clean and your risk of gum disease low. Nobody likes going to the dentist. But by brushing with Libya on makes dental jail gold's visit will be more enjoyable Libby on extent to fail is revolutionizing. The dental industry. In recent double blind studies UC Irvine. 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And Donald Trump trying to get more jobs in manufacturing back to the United States. He may have an easier time selling this to Democrats. Than he does a mid western Republican no question. And border Texas something very that we discussed with shock and and Larry Kudlow on Friday at length. And what's interesting is you know. Larry is very much against border just in he tells us that with in the trump administration. A lot of the big leagues are lining up against the men to carry it home Gary Cologne. It's really Peter Navarro who's on his own pushing. This agenda for border attacks in the border just which which. I think good Larry accurately calls a value added tax it really news because you're you're taxing an element of production. Right IA and and he's. You know imagine you're Republican congressman or Republican senator from Arkansas and Texas Iowa you're an act. Well I imagine you shop for things in Arkansas imagine your person who's a lower middle income person who shops at Wal-Mart or target. And you were told by target this will cause the price of goods to increase twenty to 25%. Or especially if you're retired John. You know I think you're retiring it's one thing if you're working because he's like well my wages are gonna go but if you're retired this is really put the screws to. And you give these things are essential in the basic cost of living the local law. And then you you JC Penney said I know they're not wildly profitable what they should if you get border adjust. We have no avenue or one man to ever get to profitability. What does that say about him. Whereupon but he did so a case like border just. Is that is is a big tax that a lot of people from the trump administration are opposed to. In don't true I think is he opposed that so we're in the sense that we don't know. But the Republicans are warning that imposing tariffs invites stiff retaliation. This is a reality that's being dealt with right now. Heroin is costing us billions of dollars a year. In our next segment we're rejoined by Harrison Jacobs from business insider to talk about his story prescriptions. For painkillers. Brought about the explosion in heroin use in America's suburbs that's our next topic from our insurer match dot constant. Follow the markets from start to finish and get our daily market recap every day at 5 PM on our new website financial exchange showed does come up this is the financial exchange radio network. -- -- an asset protection -- can be overwhelming where do you start and how do you know what type of trust is right for you hi this is -- are strong and I'd like to talk -- -- about the law -- of -- handle and they've been creating -- state plans for folks in New England for more than thirty years and they can help -- -- with all the different types of -- available I can understand the confusion when it comes to a state -- do you need to -- global trust do you need an irrevocable trust and what's the difference -- -- an expert advice and -- -- dollars put together -- free guide that will help you decide the best plan for you and your family you can receive this free -- the differences between -- -- and irrevocable -- by calling 8668485699. They can even show you how it's possible to eliminate your state taxes while at the same time protecting your assets from creditors and long term care expenses -- right now and get this free -- 8668485699. That's 86684856990. Or download it right now from their website legal exchange -- dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure a match agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's 84499. Match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered well so they get all the discounts preferred customers -- you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 84499. 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Our our guest is a person Jacobs from business in so he wrote an article caught my attention and use two or three days ago about Harrell. Problem. It's creating it throughout England and grow across the country. He joins us now I Hairston RU. Good area. Good so how much money. Is it boils down too funny to issue first public monies Irwin in the crisis associated costing us throughout the country each year. Propping up about you know 780 billion dollars and that that over the last. But we're here is that you know personally. You know. I think the bigger issue here overdosed does that come up 52000 last year which is willing car crashes. And an astronomical number. I was looking added on a per capita basis. And a five of the six New England states seem to be just devastated. By heroin abuse what Y eight. Why why the five is the only New England state that doesn't seem to have a heroin problem is Vermont but the other five are all. Losing young people rapidly. Yeah I mean Vermont and had a pretty big issue as well but they've been pretty aggressive. Call governor Shumlin but. In general you know the issues and not in Massachusetts and opening the state has pretty electric things that are happening in other states across country and others. You know over prescription. Painkillers and then increase access to the arrow in its just because of you know more traffic in. And that has really been the difference here so. Let's go back to that connection with all purely with wood is that connection with OP EZU. You know I've been prescribed prescribed per cassette and I think what you had heard in your article is you get prescribed a cassette and then you gradually to Hurwitz have now but that. That didn't happen as happened in all instances why it happening so frequently. All I mean it's just you know when the population has been a archer and more that kind of getting diverted to an addiction or. You know let's say you you know you have surgery you know they have even minor minor streak yet. Ascribe almost always there if this or something killer weather like and a perk that. You know I got my appendix taken out in me. You know thirty days were partners. You know you take effort he gave you recover an anecdote isn't as. You know it I have kids you know teenagers they correctly through the you know in medicine cabinet sit it out there looking at tried something they try it. Or you know. Other kids. You know trying as well and. But that's the purpose there are some connection via I understand her but there's some connection that they graduate seemingly. Apparel. And you know the how much was terribly costly if you wanted to buy it wait I don't know would be a supplier wheat supply apparel and what does it cost. I mean it depends entirely on you know a level of your dictionary in one. You know one person that used once today and that's. Fiber and dollars and another person can graduate hundreds or thousands of dollars a day you know it there week the earth and I spoke to for the story that you mentioned. Eventually she was at a point where they were spending thousands of dollars a day and a thousand dollars a week on an hour on just because they're using you know every hour on the hour. Is part of probably a part of the solution here to be more judicious in terms of are administering or issuing a pit of painkillers knowing that it could be really bad news for some people. Yeah I mean that I've spoken to a lot of doctors doctors are reporting in. Pain specialist and that's what they've been kind of talking about oil. I respect ears is that it really gotten out of school we need you sort of standard order for how we describe and I mean. When it comes down that there are other options out there or treat pain and so often times it is not over by turn out in encourage them to be the. Cheapest solution and with you when you look at this Harrison is heroin more addictive than alcohol because alcohol. Is is tough to it to break I mean you've got alcoholics anonymous and you that a formal rehab program. Or alcoholics but is it physically is it more addictive or less addictive than alcohol. I think heroin is probably more addictive than you know on physical level and all. That said I mean. But he is that is you know in the economist and elsewhere where you know all consider a more or drug. Socially just because of how much has used a much more socially accepted so I have a lot of other sort of her straight back in terms of you know car accident and things like that word is. Heroin is really eager for the individual place he and many overdoses in her yet I don't think he's very funny you know alcohol reduced. Like alcoholism. Carousel on number. When you're using heroin. Is it injected word do you smoke it. I mean you can either you either you can ingests the pulpit or you can check that. I think one of the differences with the current Ireland's crisis is that the because the quality of heroin and a lot higher than it was then. Decades past is much more able to be smoked or ingests it and the kind of odd that you're looking for back in you know seventies when we had to sort of first and a right around there. Ireland the agreement is to inject it that it wasn't high enough quality to. Get the kind of rushed the people are looking ports so that you know now that that change is that kind of become more similar in how you use that to painkillers also. Think that left the area bank. How does he get in the country music coming in by plane is coming in by I've heard that comes in on fishing boats I like. I'm curious with law enforcement would tell us. As to how it. Gets here mechanically. I I mean how does you know I think you're getting into the country you know. Playing you know sub linger. Yes as and I'm sure there's all different constantly is that and you know that's one of those things that. You know president trump isn't wrong you know little bit a lot of truck coming into the country from especially for Mac outlook that the. Aaron that is in coming in the US right now we're maxim that a lot different but it wasn't at its best for the B. From you know Afghanistan South Asia. So as you know that is the latest coming true but you know a lot of people. Mark there are people tell you that. It's not so easy to sit stopped sort of the influx of drug that if you really it demand and the only way to back Amanda that get people stop using. Yet this Charlie this really is a story about demand cracking down demand and and and getting people who. Maybe should look for an alternative to the painkiller find some way to address those pink it was without getting drugs because of the gateways to go to generally. Her you are there any successful. Waste to treat it I mean your story talk about the father who helps his daughter but. Is is that with AEA you know there's a twelve step program and thirty days of rehab and then halfway house. Which is he hasn't been a successful. Program established for the treatment of heroin addiction successful because I talked to a rehab worker says he has a heck with. Egypt trying to see if you're his patience. Yeah I mean it is incredibly hard here is an app that look at it as chronic disease. I mean one of the issues is that. You know our entire rebuilt it in system treatment programs are an industry is based around treating. Out all beat you know out all of them is probably the biggest but accused disorder. Around and has been for decades and you know that's really obviously chain with the current crisis and apple but you know. You know acquired a lot of change in how they operate and how they treat this the disease. One of the biggest ones that they're that the like that awhile is on Medicaid is the treatment. Which is basically you would use something like the buck zone which is a a drug that helps reduce cravings or Tokyo it or not that zone which does someone really that both. Kind of sort of like oh the only drugs but they too are they don't really produced a high wall reducing your cravings or did that help people. Sort of break that cycle. Relapse when and recovery and help them kind of changed. They're you know what their thought process process and kind of work into the treatment programs that are thirty days or 68. I'm gonna get closer toward the part where they can really just kind of change their whole life. Harrison I want to compliment you and your story I mean you posted this over the weekend and it struck me and I said to my producers that you make sure yet Harris and Jacobs on the show because he just you do a lot of research and I really appreciated thank you. Earl thank you have a real up Harrison Jacobs business insider John mrs. There isn't a community in New England that hasn't lost some young people because heroin overdoses it's an I don't care what you live in Wellesley. Or with easily and in. You know New Haven it's it's everywhere. And as he said it it needs to be treated as a chronic disease not an episodic issue no question about it. When thank you all for tuning into the financial exchange today my name is Perry are strong as you know John Moody sitting in for chuck is items on vacation this week a well deserved vacation he's been very. A couple months of an application. Will be back to war with another edition of the financial exchange from our insurer matched duck comes to.