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Full Show 4-17-17

Apr 17, 2017|

Full Show 4-17-17 by The Financial Exchange

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks on. Thank goodness for Marathon Monday gives us an extra day to pay our taxes hi everybody carrying trucks with you here. On Marathon Monday and you know we are not running in America and ask that question several time. I don't think I could do marathon and a week at this point now not after Easter you know all the food that goes into was that weekend and I'll tell you right now running the last thing. Lot of hand consumed yesterday. A lot of people cranky these days why you're gonna have to pay your taxes it's not much fun but yes taxes I guess are due to morals the official filing. Yeah it's it's it's a big day in what we're seeing is that a lot of people still have filed. You you have a five. I have filed I have paid and I've cried a panel three the distance of and what you're seeing now is that for whatever reason this seems to be a leader filing season. Been in past years and right now. Over the last two weeks year chart last year the iris collected 29 million individual returns between April 8. In April 20 seconds that was 15. Of all the returns filed in 2016 which was a 24%. Surge from being late season league season filings compared to. The year earlier. So what you're seeing is people continue to push leader and leader into taxis and not to file I don't necessarily know why. But for whatever reason people are just waiting longer file their taxes across the nation you know especially you have to pay it just curious why would you have paid early. What do you mean. Another thing and thing is that I always I just resent paying my taxes so that they'll always wait. And in all my mind to be postmarked more in the war on men but earning something. Now you know if it be one thing if you get you know 4% while that's great but if you're dating you know three cents a month you sit there and say okay. This is not worth it for me I like that things done at that point let's get it done with move on get it over what exactly exactly. Lot of people waiting to file their taxes have you filed your tax return yet that is our poll question today. Our website address is financial exchange showed dot com. And so far. 70%. View have filed your taxes 30% are in the Nokia no you have not filed your taxes. I always wait Tucker made it very filed and paid yet the Specter and Lee Federer analysts actually you have to get a very fun way yeah I was like a random rant bringing Sunday as right astronaut to Stewart now. Did it out a way you know the last time you'll be filing single return that's that's correct they urea file a joint return can you got married when did you get Mary. December 30 that cost you money and no actually we filed marriage separately last year. And did all of that doesn't big stuff the paint America open. I. I didn't calculate out above well pretty much I'm among the borderline like it would have really had any difference for me now but we filed separately just kind of keep things simple. Pro last year than this you'll four will file jointly and Eric. You know one good bit of good news as it relates to taxes is the average refund. I was shocked to see the average tax refund is 2800. Dollars. In the IRS has stepped up their efforts in collecting. Delinquent student loans. I think there are what is the million people who have paid this did move during the fall. Yet in and what's interesting now is what the iris is doing is let's say that you haven't paid your student loans you're owed a tax refund. That rabbit that they'll take that tax refund actually say. You have been paying your student loans you clearly have money available since you get in this tax refund what they're going to do. Is actually end up taking that refund to do what they call offset the pay off some of those student loans there. And typically they give you a notification letter that gives you about 65 days to appeal that the referral to this offset programs so. You still like getting your money can't appeal but the fact is if you haven't been paying your student loans and you are getting a refund. Odds are that that refund is not in becoming the you know it it. Begs the question why. Does the government not. Garnish wages for student loan payments you never hear that he never he'd like you hear garner shipments for if you talk to your human resources department. They'll tell you they get garnish with you know the big one child support. Charles sport taxes of the two biggest I think those are the big ones who are you'll if you talk here HR they'll say yep by. We garnish than notices pretty regular yeah unemployed spade there's been a divorce or somebody hasn't paid their federal taxes where there's state income taxes. Bill gate garnished. But student loans you never hear that never hear about the government furnishing on student loans they adhere millions of people don't pay them. I think the amount that's in default is in. 3400 million dollar range. Millions of people don't pay them that you never hear about garnish. So while what would it appears actually I'm under do some reading on this right now. But it does appear that the federal government will garnish wages for student loan for the Stafford and plus loans they don't even need a legal judgment against while they actually can do it. Do day. In those cases. In a lot of cases it seems like private lenders would need to take you to court and so a lot of them it's not worth their time to do which is because the cost and time associated with that. I don't know how often it happens. Four student loans so I don't know if it's something that's common or not I'm not sure. I know people that haven't paid their student loans and their wages are not getting garnished they just say while. I mean would you forbearance or a camera with itself and like that out of basis A I'm not paying on the guy. I've port 40000 dollars to go to college and I didn't get much of an education so much in payments to. What do you think about it it almost kind of segue into was some of the things that we've seen in recent years where I know some smaller colleges said look we're not gonna charge you tuition but we are gonna take 10% of whatever you make for the next ten years afterwards which. I actually think it's kind of an interesting idea. Like our as far as how it works then it's just. You kind of look at and say well you're you're not get any of that money up front seat gotta figure at the finances in the inner room. But it's not a bad idea in terms trying to make college more affordable. And and make it tied to what you were after as opposed to a fixed rate. It's it is. A lot of different ways to skin the cat is the the when you've got one point three trillion out there. In student loans in a lot of people not making any payments they've got to do something in terms of yup collecting more aggressively. Looks like doctor Dow is going to court on Friday his attorney lose all over the place saying yeah where were filing a lawsuit. Against United Airlines did I wonder what that. Outcome will be you know Lee they will settle before and while I would think so but for how much money. You know like you that you look at the the claim was reconstructive surgery. Knocked out he says they must beat them up concussion. Well apparently as they dragged him out he slammed his head against an farmers. Well. Bellic intentionally but that nobody punch them it's it's unclear whether anyone punched him but they know that he I mean you can see in the video he just. Y axis had against this arm wrestling is he's getting dragged out there so what do the Kostis the United Airlines if they're Smart it's whatever number he throws out. Now if this is not the kind of thing that you want to linger in the news this is kinda like you members of the the thing with Disney a couple years ago where they had a kid that was eaten by alligator yeah they settled that very quiet this is going to be the same kind of it like this is something they want out of the new admitted overpaid you know like it's it's easy if it's sad if they thought all go to court might be five men in the Gibson right you you don't want this dragged out and in public hearings in this and that. This in my guess when it's all said and done. You know for someone that age because technically too much in terms lost wages and things like that 69 inch I'm guessing you might end up to three million something like. It that's one we will track that's one for the Aaliyah who will follow going forward you know woody knee. It's just. It's very curious to see the way this all plays out they coming up we're going to be talking to Michael Newburgh from CNBC. There's a program going on that I had no idea. That this was occurring but the there're several prisons across the country. That arc treat teaching. The prisoners within the prisons technology skills and it's having remarkable success and it's going along way towards. You know re training. Prisoners so they don't commit a crime when they get out of prison and end up back in jail. If it's a remarkable story of hope you'll stay with us Michael Bloomberg from CNBC joins us next talking about prisoner voters from our insurer match dot com studious. Barry and chuck get the latest every day beginning at ten 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 8776917. To 900 that's 8776917. B 900 workers at leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leader banked a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and Miller is number 449250. Subjective credit approval leader bank a step ahead. As we age the state claiming an asset protection becoming Paramount importance to maintaining a happy and successful lifestyle many famous we go through this process think about transferring their home to their children to protect it from a nursing home if you're not careful and nursing home stay can judge your financial well being and transferring property isn't always the best solution because you're looking at huge capital gains taxes when the home sold if you find yourself in a similar position in the meantime let's he's brand new guide to the risks and rewards of real estate ownership. The senior partner with Cushing and dole and Tom will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes called today for your free guide at 8668485699. That's 8668485699. Don't put your home at risk keep it away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log on to legal exchange showed dot com or go to download your free copy instantly that's legal exchange show I've come. Hi everybody very Armstrong here from the financial exchange and I'm joined by. Leader bank does a tremendous amount of mortgage loans as a matter fact I've used them a couple times to refinance properties in the past. Jake how's the mortgage business these days it's been an extremely busy Berry. There are a lot of people buying Holmes. So that's kept the purchase market very very busy and on top of that rates are still an all time lows through a lot of folks who are refinancing their homes either get a better rate report some cash out because of properties appreciate. That's us and asking how does somebody know whether they should call to refinance. Well you know. There there's really 22 ways if they feel that the rate can be improved. Give us the rate. And you know thirty year fixed racer all time lows. If you have anything in the in the 4% range frankly give us rate in my view would be something. Or if you need to take some cash and of your property wondered for a college tuition for kids or yet have home equity lines of credit we have home equity lines of credit as well and the cool thing about that is. If you already had a great read on your first mortgage you know home equity line of credit which will leave your first loan as it is allow you access the pick people up makes an awful lot of sense and you've got fifteen year fixed rate mortgages by your adjustable rate words all types and hopefully we we have all types of that in addition to that were actually very active Jumbo lenders so. And properties have really appreciated in the markets in Massachusetts. There's been higher demand for Jumbo loans that we do a lot of that so last year Berry we are actually not the number two home purchase minor Massachusetts for you congratulations. Folks let's take toll from leader bank they can be your mortgage bank call them toll free 8776917900. You can check out all their rates on line at leader bank dot com. Or you don't talk to human being given McCall they have loan officers standing by right now. 8776917900. That's toll free. 8776917900. Security suffered through securities America ain't member finreg SIPC an advisory services arbiters securities America advisors think carry on from representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges hello. On FaceBook so make sure like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Convicts at San Quentin State Prison are learning to code and some land jobs in tech when they get out that was the story written with the headline for the story written by Michael Newburgh from CNBC. And he joins us today on the financial exchange I'm Michael welcome to the program. Hey guys played on terrific. So tell us about this last mile program that you wrote about last week. Yep it was a pretty incredible program we exit. And quite. Weeks ago. Adamant back at regret and the latest class so that they decoding last in the now whether he's in May cut 200. Learn computer coding and it's pretty amazing because there's actually no Internet. Inside Britain as part of the regulation. What they're like that that's not for inmates so there's basically built that big mock server. And they're keeping inmates. How to code. On this smock server and all these bills that would otherwise help in the chops after they're done with the program want the release because. So who's doing it visit the prison themselves the warden poor coordinate this programmers. Like how to hit. How did he get initiated. Right that was actually started by a Silicon Valley apple and that this prisoners. Pretty quote the emphasis is that basically right now artists go belly up as this guy Chris let let. What inning gave a speech to the inmate in about it at hand and he won any was impressed by how business savvy they were. How interest that they weren't in the business world when he came out at at the at. Custom over the life heavily wrapped in together they started this program. Shortly thereafter and it it's been in in the works for years now it had. Really incredible success. And it's hurting these guys lives around and also. Helping. And stay out of prison not return back there. Some of them are actually working and getting paid heed. Quite a good wage while they're incarcerated correct. That's right that there's there's going and her. Last mile or which. Is kind of like development outlook and prison there that are getting companies like air eat for example. To hire these and they while they're still in our tank sixty horsepower which is. Astronomical. Heights which it almost. Ever paid a US prison. And I converted you know. Under a dollar normally third person the other work that they do furniture shops license plates. I am for things like that they're actually getting it pretty waste nick and save them money at it. When they get out of present kind of start. And then reintegrate back to society. Well I think it probably have a job when they get out of prison as well right. Rebel some of them do and we we spoke this guy got OL. Has not by years under help or three strikes policies were he would. I've been in pot with the a firearm that Alan. But light as it used to be 33 strikes policy unit part of that first last. With last island one got out got it up rock. That technology incubator at the Disco. To that job really gave him not only. Peter built at all networking op then he. I get back into society and re integrate with a great shot into that system. Michael wouldn't they have to have some kind of a background though in math and writing in order to learn how to code because I. I read about the requirements to get into coding boot camp. For. Reveled at the request though in sync and out of it. You had actually take in. His undergraduate studies while at Oakland you winter program. Had a an undergrad liberal arts at least there. And the other guys actually had some background and hear a lot of them at. Ever been on the Internet because they've been presence along that never use the cell phone they all knew what FaceBook was but never down FaceBook or so. Right they made some of them I met are starting Wear one hat. Some sort of a background and other prison programs out there that we get up to that level they can start understanding how to coach and a computer. Current right Michael is this going in other prisons or is it if you would think that this is something that would be contagious and and would spread because. It's good for the prison population and it's good for the taxpayers. Let all the amazing thing is that one inmate on the program. None of them aren't that credible. Think about. 40%. And none of them gone back definitely. Catching the attention of other present on the country is currently in or present that Ella and they are banned it. And Chris and Beverly bound program at all all the time. Praying that. There state that are you know local prison try to get this going on this really is. Seems to be a win win for for the community and Ian belts. Michael thank you very much for your time appreciate it thank you thanks Michael Newburgh CNBC two things to pick up on their truck. Average recidivism rate is 60% yeah. Average cost to house a prisoner is 60000. Dollars per year. Yeah and and again that the big thing that this program is able to do was at a relatively low cost reduce that we're Sydor recidivism rate. Anything can do that. Again and guys are coming back again in their leading with the skill that they can a marketable skill it if you look at the big goal of a prison system. Okay the first is to obviously get dangerous people off the streets where they're not able. To hurt people but the second goal is to hopefully. Allow these people to find some path back to being productive members of society. Obviously not every crimes going to be able to do that of the Aaron Hernandez is gonna come out as the colder anytime soon no. But when you take never come right now leagues he's but. When you take a look at some of these other DO people who might be in their 1015 years you say look how do we stop these people from coming back in for another ten to fifteen year trip. One of the ways to do that is to be able to give them skills through a program like this. That also Neil war in today's workplace we wonder about this you've got one this is one set of skills right you're talking about coding. Yeah but you know do we have a shortage of electricians to we have a shortage of carpenters to the other shortage of brightly in the well why not retrain them. It because it it's it's one of those things it's like preventative medicine. Is it saves you money in the long term if you're not having your high recidivism rate TV and reduced that down from 60% down to 20%. Boy that's gonna. Decreased the prison population dramatically exactly so it this is one of the reasons are that's one of the reasons that I tend to not be a huge fan of Bob private prisons there's a lot of these for profit prisons you through like their decks at their pitching to investors. And one of the things they highlight is a benefit for them is the high recidivism rate sought. I look at this nice okay what they're also encouraged to. Right the mop while they're in prison break you stay longer yeah so I I like programs like this I'd like to see things like this done on a wider scale. And I think that as you start to hear more about the successes of these programs you may start seeing the popular apple. Tucker remember. Last week when chuck was saying he was gonna boycott United Airlines of course Jeff you know. Tell you why that's darn near impossible to do for any of us to boycott an airline. They're effectively. Only four major airlines in the United States let me give you the numbers. The domestic flights by airline carrier misses throughout the United States. American Airlines has 2.3 million domestic flights. Delta Airlines has one point nine million southwest which we think of as being a big airlines one point three million in united has one point six million. And the thing that makes it difficult to boycott united or American or delta or southwest does is only four airlines. The other airlines all the if you add up all the other airline carriers together it's only 1261000. Flight. From Boston on the benefit you wanna get loose hopes that you can successfully avoid significant amount of other airlines. JetBlue is even show up on our list and it doesn't because they again nationwide they're not huge but when you look at where you're able to get to from Boston you you have a significant reach their just because of how big they are with the number gates and everything. A remarkable that the the airline industry. Has boiled down to four major players. You can make a very real case that there should be a little bit of trust busting that goes on the when you think you know video especially when you look at the price of airfares. They it's not the airfares have gone up a lot at least in my observation. From where they were you know ten or fifteen years ago. One an integral part of that is because of all the consolidation you look at what has happened. Competition in the last five to seven years you get the delta northwest merger in 2008 you've got the united in all of American America's air American and US air four years ago suit you that really slowed everything down there. Marathon trivia is coming up next from our insurer match dot com city. Making your Smartphone even smarter come on no mobile lab by surging financial exchange joke in nineteen Jordan who who played stores. This is the financial exchange radio. Network. Time for bank the pace at noon with liter maximum reward accounts can 1% cash back with debit purchases and an extra 10% back when you use your card and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and -- annual percentage yield ten dollars mass prison until late fees may reduce earnings rate subject to change without notice member FTSE. Leader bank a step ahead according to consumer reports 21% of mutual funds have raised their expenses over the last five years do you know what you're paying for your mutual funds to understand the difference between the ongoing yearly fees and the transaction fees the costs of mutual funds EDT your returns and they are one of the reasons why some funds end up with sub par performance hi this is very Armstrong just because a mutual fund has a higher expense does not mean you'll get a higher return my firm the Armstrong advisory group has written a free guide to help you make sense of these -- so call now 803934001. And get your copy today understand the true cost of your investments call 803934001. Or download the guide right now at financial exchange showed dot com. Juries are for two securities America incorporated member -- SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated many of you listening today are either retired or preparing for retirement investing in the market can be as safe strategy to develop growing assets and income to keep ahead of inflation but here's another investment you can make that may also help you achieve your financial goals if you invest in solar energy you may see double digit returns and growth call alternate energy today for a free solar analysis for your home or business at 85591201150. Wells cited solar system churns out monthly dividends and reduced electric the best part is that these solar dividends aren't taxable. 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If you missed any part of today's show not to worry for the 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 showed dot com. And trivia is brought to you by alternate energy. Investing in solar energy and save you thousands of dollars on your electric bill and those dividends are not taxable. If you thought about installing solar and your home or business call alternate energy for free consultation. And learn how solar and work for you call 855. 9120115. In set up your free. No cost consultation today that 855. 9120115. The annual running of the Boston Marathon takes place today that's a topic of our trivia. In which year did the first Boston Marathon take place our text number is 68680. First listener with a correct answer win 25 dollar gas card you're gonna need his gas prices are on the rise. In which year did the first Boston Marathon take place and again our text number in studio is 68680. Well last week we were dealing with United Airlines and doctor Dow who's gonna get paid evidently. Now delta has changed their policy when their asking customers to give up their seats. Yeah and and delta is making some pretty big change in terms of the compensation that they're going to be able to offer. On these involuntary or voluntary bump things actually previously. On a voluntary bump delta was able to allow gate agents offer up to 800 dollars for compensation. That now bumping that up to 2000. And in some cases if they are able to get authorization from superiors. The compensation and is now actually 9950. Dollars of significantly bumping. How much passengers are able to be compensated here. And here's how I kind of view this when I'm looking at what this means as far as how they are interpreting the united and spent. Is they're simply looking at this and saying look if the end of the day we have to pay someone 5678000. Dollars to move seats. Now it's still cheaper than all the crap the united going through I agree but why oh why the propensity to overbooking is it that much does that make that much of a difference in your profitability this jetBlue does not overbooked the if you book on jetBlue and you're guaranteed Betsy so I'm willing to bet that within a year to jetBlue is going to start overbooking that new CE OK come on the last year at the beginning of the year. And one of the pitches jetBlue if you look at it in terms of revenue per passenger mile traveled which is the metric they used in the in the airline industry. JetBlue has one of the lowest revenues permit passenger mile traveled in the industry what have they done so far. Well they've done two things to try to change at the first they're starting to they charge for bags the last two years now okay. And the other thing that they're doing they're taking their seat pitch which is the distance between. The end of one seat in the back of another and they're compressing that from I believe 32 inches down to 31 which pretty much the industry standard. Our eyesight and so I would imagine that jetBlue in the next couple years is going to start. Start doing something similar in terms of overbooking now widest Whiting watt companies do this. Most times what you see. If it's a relatively small amount of overbooking in the trying to get maximum. As effectively the maximum carriage on every plane there. In the airline in very upsetting though when you're the one that gets that bumped. It's it's so rare involuntary bumped happened the way they dated statistics on united and it was like 3000 for the entire year so it's literally ten people a day over the entire country for 40000 flights be they get those ten people pretty bad. You know I think you're going to get bumped broad scheme of things like. It's it's about as good it's gonna get again I think the airline industry and I think united deserves a whole bunch of crap for what they did last week. But I think we often take for granted just how good the airline industry is that what it does. The fact that you can travel cross country. In 90% of the time be where you're supposed to be within six hours now. It's impressive depth is so anyway delta. Authorizing their gate agents to go up almost 101000 dollars if they end up bumping you from a flight. Chick filet. Which is trucks favorite fast food restaurant spears gets is beating every competitor by training their workers to say please and thank you it's so simple but it's true that you walked into a chick who you have the nicest employees in fast food did not even close. The oh actually it is the only place I was gonna say that that might be close is in the fast food place you know five guys I don't consider fast food it's kind of a different classes there. Chick lay hands down the nicest employees that you have in fast food and it it's and they measured it against. Make the KFC had a thank you rate of 84 point 9%. McDonald's was only 78 point four chick fully 95 point two that's pretty good it's I mean it's it's a little things like that that keep people coming back or. You know something where if you ever get an order attitude blame it's. Yeah the last yard you wanna pick it appeared to have bring it to your table what. You know that they'd be engaged the customer a lot more it seems like fair than other places you walk into a McDonald's half the time somewhat scenario just kind of ignore you even though you're waiting in line you know now. You know every day I had no idea that they kept stats like this but that's pronounced 95%. At Tripoli say please and thank you this is the servers very. Vs McDonald's is 78 point four that's a big difference what what I find amazing the average revenue particularly restaurant is four million dollars a year that is remarkable that. You end their franchises to purchase are very inexpensive. Yeah but yet to pick up. Much larger dollar and yet they don't require these these same amount up front in terms of a franchise fee but they put you on the hook for more cost down the road. And I actually think that's a good idea because it keeps them the owner more invested in that franchise and read what you do is pain at the appointment you don't have much to worry about. You sit there and say okay why why why care at the end of day if you're on the hook for more costs you're gonna be interest in trying to maximize your revenue would probably more profitable for Tripoli as well because they're getting paid on that gross revenue number I think it's something like 15%. Off for the gross which is high. You know lately both franchise owners like a McDonald's French as I think is you pay a lot of money to buy the franchise that you don't have to give back. A lot of money to the parent company with chick filet yet you have to give back. I am going for memory here folks but I think it was 15% of the gross so if you've got a four million dollar store. Your kick it back a lot of money. Yet circling back on the story that we discovered previously. For 863 asked what's the cash on invest what's the what's the return on investment for overbooking. The and the reason that airlines typically over book is that because it's very. Very often in the airline industry you tend to see. Passengers that have to change travel plans clothing and say enough to have a car accident on the way and knew exactly the last minute. They don't use that ticket so you see people more often than not the number of over bookings that happy greatly exceeds. The amount that actually cause any problems for and that's why airlines do them is because nine times out of ten. The overbooking situation resolves itself because people have to change their plan. So that's that's effectively the calculus that the airlines and the plane have a quick announcement. On behalf of Armstrong advisory group and this is for any of you who own mutual funds. You may have mutual funds that you body in an IRA ten years ago or maybe you're enrolled in 401K plan that invests in mutual funds. Well if you own a mutual fund we're giving away guide during the month of April called the hidden costs of mutual funds unfortunately. Not all expenses associated with running a mutual fund are reported to investors in their perspectives. If you would like to learn about some of the hidden costs associated with mutual fund investing well I'm gonna ask you to make a phone call it stole furry. 800. 393. 4001. If he can't get to a phone in you wanna just do the request online go to financial exchange showed dot com. Does he go to that website you can request that guide right from the website financial exchange showed dot com. Or call toll free 800. 3934. Zeros or one week calling for. Because you wanna get the guide called hidden costs of mutual funds phone number one last time. 803934001. It's. How much longer can Cooper continue to lose two point eight billion dollars in the year. I think their time is getting a little bit short at this point just because in this is why do overs in such a Russian such a hurry. To try to move to law Thomas vehicles over their drivers because clearly who bring Casey didn't know they came out over the weekend. In and out pretty much what they made and what they lost in 2016. But they don't have to do because there are private company know they don't have to do what what we saw here. Is that they took in six point five billion dollars in sales but they still lost two point eight billion dollars over the course of the year excluding all the problems they had in China's while grade to six point five delegates to be clear that's not the total dollar amount of the rides sold. The six point five billion. Is the dollar amount their commission which is what 20% at 30% thirty person that they're gross bookings last year were about twenty billion dollars or twenty billion is the total revenue for all the drivers who drove for Hooper. The company actually and to take about six point five billion of that so. They are losing money in this is why you look at the math and here's why you can make the argument that Hoover's valuation isn't stretched. If you're doing twenty billion dollars a year in revenue with drivers with drivers and you can hide out at huge chunk open you can cut thirteen Joan of your expenses okay. Probably not all that if your autonomous vehicles still have some expense bullets at you cut that in half. Okay and all of a sudden you cut your expenses by seven billion dollars you know making four billion dollars a year. That's why they're in a rush to get there now I look they have about seven billion of cash left which means they can afford to lose money for about another 3334. Months it without another revenue. And if they giggle public during that time. Where they gonna wait until the tonne scarcer here. You know part of it I'm curious what's gonna happen with the fallout from some of the bad management stuff that's happened over the last few months the sexual harassment issues. Traps clinic yelling at a new driver than an types of you know I'm curious what the actual effect is going to be it might end up being small I look at those as if a prominent as an investor. I I don't look at those having a big consequence the senator asked that one might. Yeah that's that's going to have a bigger impact than trapped by how much the only driver how much can cost. If a lot of women decide not to go on the platform all costs awful. White people are fickle me and intend to be forgiving you know Hoover says geez whispered up but sorry. You know won't happen again. Is it just seems like the way you handle literal it could but I'll tell you with just raise 500 million dollars there will conduct an all this I thought they lift do and I like what I see. You can't really buy in mature well connected to him by liberal or left but keep kind of buys. Lit by buying General Motors right. Eloquent and YouTube by Alibaba by buying buying Yahoo! yeah exactly so appears to see how that all works out I'm curious if they'll show the results from 2017. At the end of at the end of this year so it'll be interesting to see but I think who were probably as about a two year time horizon to where they need to go pop. Up next we'll have the answer to our trivia question and will have stock talk with Alec Lucas from Morningstar that's next from our insurer match dot com studios. So let's first attempt at Health Care Reform passed failed can be passed tax reform before the end of the year. Keep it here with the veteran chuck for the latest on the president's agenda and how the markets are reacting this is the financial exchange radio network. According to consumer reports 21% of mutual funds have raised their expenses over the last five years do you know you're paying for your mutual funds to understand the difference between the ongoing yearly fees and the transaction fees the cost of mutual funds EDT your returns and they are one of the reasons why some funds end up with sub par performance hi this is very Armstrong just because a mutual fund has a higher expense does not mean you'll get a higher return my firm the Armstrong advisory group has written a free guide to help you make sense of these fees so call now 803934001. And get your copy today understand the true cost of your investments call 803934001. Or download the guide right now at financial exchange showed dot com to. Dirty suffered through 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 American companies are unaffiliated. As we age the state planning and asset protection become a Paramount importance to maintaining a happy and successful lifestyle many families to go through this process think about transferring their home to their children to protect it from a nursing home if you're not careful and nursing home stay can guide your financial wellbeing and transferring property isn't always the best solution because you're looking at huge capital gains taxes when the home sold if you find yourself in a similar position in the meantime let's he's brand new guide to the risks and rewards of real estate ownership. A senior partner with Cushing and dole and Tom will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes called today for your free guide at 8668485699. That's 8668485699. Don't put your home at risk keep it away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log on illegal exchange showed dot com right now to download your free copy instantly that's legal exchange show. God come. Armstrong here and I'm joined today by estate planning attorney Todd lot ski from the law firm of Cushing and Dolan. We're talking about how old rules state. Specifically Todd what I wanted to ask you about it what's the best way. To old rental property I've got clients had bought rental properties the last 3040 years and it accumulated a lot of it. In the old and it invariably failed summit jointly something else see it's it's like a hodgepodge you have ownership quite often. Sometimes they clearly when it jointly with children which could even be worse than than any everyone's human you know please don't do that but. I think what's real estate with rental a realistic bury that the really the best thing to think about is your creditor protection. And that is not only in your name but only in limited liability companies can place it's LLC people heard about him. You take your property is road and you take back shares you know it's just pure that you and your wife. And then you put your shares. Into your trust either your revoke cobol or your irrevocable trust depending on your objectives. The reason being is when that person slips and falls or gets hurt or drunk person leaves and hurt somebody. They're gonna sue the owner of that property. And the owner better not be you because then all your assets are exposed to rights but if it's owned by the LLC and the gonna sue the LLC and not the shareholder you know you. And they can only get. The building that's in that LLC. Way better form of ownership for a to tell you what it fueled rental property I would strongly suggest that you call Cushing and dole and receive their guide how to only real state 866. 848. 5699. That's 866. 8485699. He wanted to download the guide go to legal exchange showed dot com it's called how to own real state pretty basic but it's more complex than you might think. Call now. 8668485699. Today on the markets all day long yeah. And our brand new website financial exchange showed does come could be on the man in protagonist follow the markets from pillar to post poll had financial exchange Joseph Johns come. This segment of the financial exchanges brought to you by Peter bank if you're looking to diversify your portfolio. Precious metals are Smart investment. Gold and silver bullion coins are now available at all leader bank locations. Call 8776917900. Or log on to leader bank dot com. For more information. The first Boston Marathon took place on April 19 1897. The marathons winner was John McDermott of New York. He won the contest with a time of two hours and 55 minutes and ten seconds today the winner will be what 207. To ten. The boss is usually a little slower I'd say like 212 somewhere in that ballpark but Tiffany from Boston was our winner today. And trivia today is brought to you by alternate energy. Investing in solar energy can save you thousands of dollars on your electric bill. And those dividends are not taxable you've thought about installing solar at your home or business call alternate energy. For free estimate and learn how solar can work for you call 855. 9120115. Instead of your free. No obligation consultation today that's 8559120115. Alec locus for morning star joins us here to talk about a mutual fund on a mutual fund Monday. Alec thank you for joining us. Thank Al for talking about the American fund's fundamental investors fund. This is one of the titans in the mutual fund industry 85 billion dollar fund talk a little bit about what they invest in and what the overall strategy is for. Such a large cap domestic. Mutual fund but it has a lot of flexibility to invest overseas that then that's but the 35% of its assets overseas and got close to that in 2000. Seven it's been more domestic of late but still about 12% of its efforts overseas. If a blend of managers haven't named managers on the fun with a blend of style. So it can be quite aggressive then and then and then a bit more conservative at least for a fund with with the growth here as to which the well what does. They do to differentiate. Themselves from the competition obviously that's a crowded space the field there in. What's unique about them that gives them a little bit of an edge. So what do you think about American fund to boost their multi manager system. And what they do it in this case get seven named managers that are roughly 85 billion dollar asset based. And it split among those seven name managers as well as a pool of analysts roughly twenty to thirty Lou will support the fund. And that essentially an American funds as a collection of high conviction portfolios run by manager with the various style. Your average American fund portfolio each manager runs has roughly thirty to sixty stock. On average and those are high conviction picks for each of the manager's and again their style differ so what gives them the edges is the ability for a fund within the a brawl of meeting certain mandate. And that's one tried to keep its yield but essentially in line with yet and 500 that gives me under a lot of flexibility in the kind of named Cleo and taken. On an Amazon for example or Broadcom as well maybe a deep value play. And they get manager's time to let their picks work out there's a long investment horizon turn over Lester point 4% even average about four years holding period you've had outstanding long term. Performance. Spent a lot of the news recently about the benefits of index on earth is actively manage content and there's a lot to say for index investing. The umbilical prolonged period of time. Has had an outstanding record vs the S&P 500 index over rolling fifteen year period. Since the longest tenured managers started in March 1993. Beaten the S&P 500 at every single one of them. And enrolling ten year period it's beaten the S&P 597%. Of total tenure periods. But BI expenses on this fund at this point now obviously that's a concern for a lot of investors these days. Which American funds done to lob make things competitive on that and. So American funds for. For broker sold funds have always had competitive. Expenses the expenses are currently 61 basis points or zero point 61%. You may know the industry's going through a lot of change has been discussion about clean shares on the terms of the managing management the commencement is only 25 basis points or zero point 25% and wanting action that is that you can get the F one shares. Now without going through financial advisor to a retail investor. Who doesn't wanna load fund for example can investment load no load version of the fund. The launcher that's been available on fidelity Oshawa. Very good Al thank you very much for joining us today. Alec Lucas for Morningstar talking about the American fund's fundamental investors fund ticker on that if you want to take a look on your own is a NC. At acts good news for. Gold investors gold rallying today another four dollars and alta 1292. Have to believe that the rally in gold is largely related to. The powder cake in the Middle East and you've got North Korea percolating at the same time. Safe haven assets the other thing you're seeing at the same time US ten year treasury down to 2.2 2% from 2.3 five last week so good for homeowners yet birds whales prospective homeowner you know they're gonna benefit formats it for mortgage rates. Euros trading get a dollar six and silvers at 1854. And now it's. When thank you for tuning in to this hour of the financial exchange its truck stop it Tucker Selma. And Barry Armstrong from our insurer match dot com student. According to consumer reports 21% of mutual funds have raised their expenses over the last five years do you know what you're paying for your mutual funds to understand the difference between the ongoing yearly fees and the transaction fees the costs of mutual funds EDT your returns and they are one of the reasons why some funds end up with sub par performance hi this is very Armstrong just because a mutual fund has a higher expense does not mean you'll get a higher return my firm the Armstrong advisory group has written a free guide to help you make sense of these these so -- now 803934001. And get your copy today understand the true cost of your investments call 803934001. Or download the guide right now at financial exchange show dot com it's. 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. Workers at leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leave your bank a step ahead your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing team for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FTSE equal housing lender and Miller is number 449250. Subjective credit approval leader bank a step ahead. Your financial strategy has to include a thoughtful insurance plan. The insurance exists to protect your assets our friends -- -- -- 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 before for 99 match many of our listeners don't know home and one or two cars that that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered will also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match -- 8449. B nine match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more of their relations for all types of insurance and continued time stress the money -- just one phone call and one relationship. Called today 844 and 99 match or go online and ensure managed. That is actually the free guide or giving up for the month of April. And chuck I wanna talk about how trading costs and other fees. Impact returns for mutual fund investors. Yet this is one of the big gut things that I think is kind of an unknown for a lot of people a lot of folks. Who do invest in mutual funds that familiar with the concept of a front and a back and load their familiar with the concept of an expense ratio. But what they often don't understand that there are additional trading costs that mutual funds have to pay either in the form of mark up. Bid ask spreads whatever it may be. That aren't necessarily applied. In some of those familiar ways that people typically know is this not disclosed clearly to an industry because that's I think this is a point of confusion. You know somebody buys a mutual fund. And lord forbid they try to read the prospectus which is confusing in its own right. But often times I. I think it's even difficult to find this even when you go through the prospectus it can be difficult to find it and I think that's one of the biggest reasons why people need to be able to go in and take a close look at their portfolio because oftentimes the individual investor doesn't know where to look. Sorry. That's trucks audit Chiming in with his thoughts on the hidden costs of mutual funds there's a lot of them. And you may not be aware of exactly what you're paying associated with mutual fund investment. If he'd like to get a copy of this guide it's called hidden cost of mutual funds call 800. 3934001. That's 800. 3934001. Download it right now from a financial exchange showed dot com or call told free. Our office phone number is 803934001. Securities offered to securities America incorporated member finreg SIPC and advisory services are for their securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Whether you're celebrating a milestone toward 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 we just make sense give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value. Leader bank a step ahead as we age the state claiming an asset protection become a Paramount importance to maintaining a happy and successful lifestyle. Many famously go through this process stink about transferring their home to their children to protect it from a nursing home if you're not careful and nursing home stay can judge your financial wellbeing and transferring property isn't always the best solution because you're looking at huge capital gains taxes when the home sold if you find yourself in a similar position in the meantime let's he's brand new guide to the risks and rewards of real estate ownership. A senior partner with Cushing and dole and Tom will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes called today for your free guide at 8668485699. That's 8668485699. Don't put your home at risk keep it away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log on to legal exchange showed dot com right now to download your free copy instantly that's legal exchange show dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank the Jumbo loan program designed for financing an excess of 500000 dollars offers fixed or variable rates for both purchases and refinance this all originations are managed by a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval meter back a step. Said hi this is very Armstrong and I'm here to tell you about a new dental product that will make your next visit to the -- much more enjoyable live the -- -- jail is revolutionizing the dental industry a recent double blind study at UC Irvine found that -- on actual removes -- two and a half times better than the leading toothpaste for treating gingivitis once you start brushing with Libya -- next you'll never go back to regular toothpaste Leon X contains a powerful anti oxidant that make your teeth and gums healthy and it's safe for people of all ages I started brushing with -- -- twice today and my dentist told me he can already see the difference protect your oral health today by ordering Libya on X -- now call 8559120300. Or order online at best dental jailed dot com you mining buried and you get a 10% discount off your first purchase call 8559120300. Or visit best dental -- dot com to place your order that's best dental jail dot com. This is the financial exchange with the Barry Armstrong and show saga. You're exclusive look at business and financial news affecting your day UC. 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. Well the market is open for the first time since Thursday of last week in this thing back to others it's. That is the day that we drop the mole at the mother of all bombs in Afghanistan. You had a lot of conversations regarding North Korea. And you had the issues related to Syria. Stocks sold off on there's been a big part of the reason they sold off hoaxes. They sold off because there's a lot of investors believe it or not that did not want to hold stocks over a long weekend hi everybody it's Barry and sharp with you here. On a Monday where things are looking at patriots Monday night and a Monday track where things are looking a lot more optimistic the Dow's up a 105 points. Yet Dow moving in the in the right direction today S&P up eleven NASDAQ up 31. On a sector by sector basis every sector in positive territory today. That what's a little adjusting not really seeing confirmation from bonds here there's no bond sell off that's going on so. People are keeping at least some kind of caution out there in some of their bond exposure. Gold also a little bit higher as well. But people feeling at least a little more comfortable and I think part of the reason that we had that sell off on Thursday markets were closed on Friday in the US and I think a lot of people just wanted to be a little bit more protected. Heading through the weekend thus clearly the sentiment has changed is the Dow rallying. I think volumes probably light. A we will know till the end of the day but don't be surprised if this is a light volume weak overall. Apple shares. Not doing anything today but it's instinct they have secured a permit to test autonomous vehicles in California now. Gosh it was a six months ago truck where we are talking about how. Apple was downsizing. There economist car unit. But apple does things differently then Google apple does things differently than Tesla and they certainly do things differently than Cooper. Very secretive company. They are what's interesting here is that what apple is applying to do. There's a lot of speculation Apple's gonna get into the business of building their own cars which I said would be a mistake for. What they're attempting to do here is this permit covers 32015. Lexus sport utility vehicles suvs. And so is it appears at least. That at this stage they're not testing any of their own hardware and technology. As far as building an actual vehicle the Morse and add ons in terms of sensors and sensor package the autonomous technology. TV wanna be the operating system for cars and that's where I think they might be a better fit OK I could see them being a better fit they're just because. And the adoption would be easy to use think about it rate you've got your phone in your pocket. Right you walked out to your car you stick it in in the cradle and you say take me to the officer. Well and and part of it is your do you look at. How apple as tried to get involved in cars to begin with. Apple has used their power play system which don't know if you've ever been in a vehicle that used it. But in a number of vehicles. They're actually in over 200 different models right now. And what it does is it pretty much allows it turns the display on the front of volume vehicle. In two pretty much as a display that works with your iPhone or iPad. Yet the wire so they can sell it doesn't have to be hard Bluetooth I have to warm lines. I have an open mind Tucker and I noted that it vehicles where you can you give you bait you yes you may be right behavior but I need this Chevy Volt I have. Yeah you have to use wire I've never done and then I have I'm the hoses that are nice and big screen down under court and it's a big display down like trucks literate looks like an iPhone pop. It's up yet looks like on some vehicles it is Bluetooth starting in 2015 they rolled out to probably 2017 models where you're gonna start to see. The wireless ones but he can go on when you talk about in American manufacturers right now. Cadillacs got it on eight different models buicks got it on a few different models BMW not an American one but you go down the list of 200 different models. Ford has it now now they can their 27 teams on just about every model they have so. I look at apple saying you to Ford down the road hey why don't we do the driver listing for you and will handle that you could just build cars like you've always done. Do you guys ever use the GPS system built into your vehicles no I always resort threw them out Google Maps and never. Chevy Volt which just came out with there you know between seventeen all electric car. They didn't even put GPS in that car. Because they knew so many people that nobody else I think mine has GPS now I think that you know one of the biggest problems with the yacht built in GPS is what you may not have it Tucker but it's enabled aegis and enabled it. Yeah one of the biggest problems with the built in ones they don't update I know that myself got a beautiful Alexis. And his GPS is useless piece he's he's just uses a slow death. It's they they they don't update in its you know if you ever tried what's really funny actually is the other day and in the process of figuring out my move and everything and I found my old GPS actually was one of those old Tom Tom if you notice that things that you know you had to care if they really he and everything. I hated those things well he put him in your card in your kids it's the I never had a horrible African your card to steal and I haven't put it in my car right and I'd say okay I've got a neat you know like because I yeah. You do a lot I Tom Toms and camping every time I needed to use it one of the allied part of that we'll put the damn thing back. Also as those poking around and everything just kind of as a joke I put in you know my parents' address North Carolina. Well didn't exist in their house was built the last ten years the thing was fifteen years old. So it's like I'm looking I'd like to address does not exist on like low interest and you know they can't get there I guess but. Yeah a lot of the I see very few people that used. In dash navigation. The the the whole thing with autonomous vehicles. I think of I look at this technology. Is being the most ground be breaking technology since the Smartphone just think about how. Our lives have changed I go back through that widget which would you wouldn't what do you think it's gonna. Be bigger than if if we are sparking a autonomous vehicle vehicles right it's going to be the single biggest thing since he moved to mechanized workforce. You know since he moved to las standards station and things like that that this is going to release its biggest thing since industrialization. I think it will be bigger than the Smartphone revolution bigger. I tell anything about due the week. Things have changed with the advent of the Smartphone and you hear on those aren't things all the time. I actually cut back quite a bit I downloaded and apps I thought that I was using mine too much you know it turned out I was I was using it the first two months of the year refusing to about two and a half hours today which I was just like it's just wait had a much so how do you monitor your Smartphone business apps that you there's couple laps you can get that actually track how lofty of the screen on him and I was like I looked at it. And two and a half hours day by the way is like 16% of your entire life and I was like I can't do that anymore. The last at all so much information the last month and a half on down 45 minutes day. In the sniffing is like I'll use my Smartphone while watching TV is on board with the same air show. Our board of the baseball game that I don't do it anymore no TV and we are. No I'd I'd I don't use the Smartphone like wall watching stuff and I've putted out and put it just as well. Lets you find that you're not actually paying attention to what's going on what's really the difference between stern is Smart phone and start at the TV really it's it's not so what's the difference between a Smartphone the TV but rather the lack of attention and the lack of your ability to hold your attention. And there's all kinds of psychological studies that come out the pretty much show that we of the attention span of an out at this point in your Smartphones are huge reason. Why yeah actually I agree that that that makes sense because I think of that myself I just I can't watch a movie anymore. Because something also popped into my mind in all want the answer right away that I do exactly down watching some open at Imus off having to reminded on Netflix on my health ligaments are phone I don't know I don't know I think Tucker because my wife's watching and I just ask her and networks out. You've got every wondered I've got I've got a human are you wonder yes. Pay up next will be joined by Jennifer bogged from the Providence journal here's what's going on for the longest time. Rhode Island has had medical marijuana I think they're one of the first dates to have medical marijuana in the country. And then. And for the longest time as long as I can remember. They were adamantly opposed to recreational marijuana all of a sudden there's been this shift. And I think Rhode island's legislature at least that Jennifer suggesting. That Rhode Island state legislature maybe pass a law licensing recreational marijuana in Rhode Island. A complete about face from where we were just six months ago. That is our next topic will Rhode Island have recreational marijuana that's up next from. Our insurer match dot com studios don't. Battle over the trump agenda continues to affect the markets get the latest info on the sectors that are benefiting and those that aren't right here with a battery in shock on the financial exchange radio network. As we age the state planning and asset protection become a Paramount importance of maintaining a happy and successful lifestyle. Many families to go through this process think about transferring their home to their children to protect it from a nursing home if you're not careful a nursing home stay can judge your financial well being then transferring property isn't always the best solution because you're looking at huge capital gains taxes when the home sold if you find yourself in a similar position in the meantime let's he's brand new guide the risks and rewards of real estate ownership. The senior partner with Cushing and dole and Tom will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes called today for your free guide at 8668485699. That's 8668485699. Don't put your home at risk keep it away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log on illegal exchange showed dot com or go to download your free copy instantly that's legal exchange show dot com. 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 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 free consultation to make sure your property and family are safe and properly covered well so they get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry like our bella Plymouth rock and more. Their license for all types of insurance you can save you 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 dived. Many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England what technology improves and costs have come down solar incentives seem almost too good to be true yet if you talk to alternative energy clients they're thrilled with having no electric bill summary been driving their electric cars with free power from the sun imagine free solar power creating our own clean renewable energy while leaving a better world for our children and grandchildren solar is an ideal retirement plan you take the state and federal tax income credits now when your high income years then enjoy higher returns for the next twenty to thirty years don't put off investigating solar. 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Hi this is very Armstrong and I'm here to tell you about a new dental product that will make your next visit to the dentist much more enjoyable Libya on accidental jail is revolutionizing the dental industry a recent double blind study at UC Irvine found that live beyond actual removes -- two and a half times better than the leading toothpaste for treating gingivitis once you start brushing with live beyond next you'll never go back to regular toothpaste Leon X contains a powerful anti oxidant that make your teeth and gums healthy and it's safe for people of all ages I started brushing with -- -- twice today in my dentist told me he can already see the difference protect your oral health today by ordering Olivia on X -- now call 8559120300. Or order -- -- at best dental jailed dot com you mining buried and you get a 10% discount off your first purchase call 8559120300. Or visit best dental gel dot com to place your order that's best dental -- dot com. Very Armstrong. Chunks on breaking business news every day right here on the financial exchange radio network. Mean in marijuana have passed laws to. Allow recreational. Marijuana Rhode Island must be feeling left out. He's a big debate going on the headline reads the pot legalization debate in Rhode Island revenue vs social impact. We're joined now by the reporter she's the journal Statehouse bureau reporter for the Providence journal. Jennifer bond in hi Jennifer Dario. I get very bad. Terrific so. It sounds to me is that the Rhode Island Legislature is making an about face and considering. Legalizing recreational marijuana what happened. Yes eight at a bill here for about seven years that we've had the debate for. For many years but and Massachusetts jumped on board I would say things here have in hand but I had the ear. Adam. There's a lot of it. We don't act that. With Massachusetts legalizing. We'll have people who look at across the waters. And bring it back and we eat at the impact here and not have direct you to yell at that and got a situation that the legislature isn't right now. But that will wasn't the speaker of the house vehemently opposed to it just six months ago. They vehemently opposed. And he has said. You opened nearly. None of our. Has really shown all their cards on the issue I would say it went kind of walking a line at that point. What about the police chiefs association. And I assume there are opposed to legalizing. Today are they are they came armed aren't hearing it you're reading this example that. Problems that have occurred in 2008. With marijuana. They argue that if we legalize. The black market while me and the eye and kind of problem only in the buy and buy it day you legalize all these kind of problems will go back. Yeah there and labor unions are they weighing in. Oh until this year labor unions really have. Lead and won laity that we are labor union the ear that the court. I'm at EIU 11199. And they help air workers union that was an interesting development. Ani union coming out either way. How the polls in Rhode Island that would it would is that general population. In Massachusetts. It passed pretty handily as it did in Maine. Wit what are the what what is the polling tell us in Rhode Island as to whether or not the citizens want. I'm an advocate group. I'm glad you won that there are calling. You get it on the population. It. Quite there may be used at the expect a lot gala at the that the player constituent. Yeah that's that a body you know that's pretty consistent with the other states write me a bad yes. Any that's who we we polled hide that they didn't cut the vote didn't come in nearly as lopsided as we thought it would. What do well how much tax revenue in Rhode Island made with the estimates in terms of tax revenue for a. You read they know obviously it a couple of years cities and I think Iran but I'm here they say if we legalize this year when he when he advocates say we would get about. 48 million dollars in revenue and that's what they abruptly 31 back. I have a that is a mar all our. Of the budget that's what the one that. Bird island. But it's a but following air. Right right. The if they legalize it it would have to be grown in Rhode Island that's gonna have a big impact on your commercial real estate sector. You add that that's something that we have found recently amid kind of an overlap between the medical diet and until legalized. Side. But we found recently that there's been a bit of rush on where how they the bird island. In part because work. Also. Lleyton being medical dwellers we have found that real neat that they are saying that there are and a lot of speculation about what's gonna happen here people in a lockdown where out they early. Oh. Doubling. Grant caught in some cases bidding war in other cases. And entry situation Jennifer from your. Purview how do you think this plays out where is Rhode Island generate legalize it. That I don't know that I would stake money on it either way at this point. Pretty close. I think you gonna be it's going to be an interest in the odds go back I mean we. Our budget. Situation uninteresting I don't know ill Lara the revenue it you know. Any bank as a governor weighed in at all gene. Net but got. And learn and particularly about apple and that current bill would not credible. Roughly a year and a half of that but they could make their own regulations on out of it ranked eater but what the governor said. Our concern where she opened up hasn't now that will. Are they better off doing the legislation themselves meaning the legislature's opposed to having a ballot initiative like we have in mass. Does that deny that that's a disaster in Massachusetts. Yet the island nada ballot initiative they so when we have had. Any you know any kind of marijuana outlet displayed the marijuana issue here have always been that was elected. And our medical program art band series they've always been created by legislation. And that would put it in a batter and you know you wouldn't be reworking something that was the ballot and it and that. I'm up here a lot let's go lawmakers. You have perhaps a fine a point. How long has Rhode Island had medical. A little over ten years now ten years. In their life you're allowed to grow it in your rivalry isn't it it doesn't plain speaking girl. Right. The medical aid and we have about 171000. Island work at. Roughly one in every seat people on the they invade medical patient. And all of that they. Oh and some of the plant so yeah. Right well I guess Lee it's just wait and see right days and see what see what happens in Rhode Island. Yeah well in say thanks Jennifer appreciate your time. Arie thank yeah Hannity the is it something truck hit it generational and no. Generally speaking millennia those are very much in favor of legalizing recreational marijuana yes. Is is this something you just like ten years from now gonna kind of look back at this like prohibition and booze. Yes and a 100% it's. It's no different if you go back I'm serve he went back to the 1940s. You probably had a whole bunch of people who were born in 187 units at all I can't believe they've legalized Booz Allen can't believe they did doubt why would they overdo it's it's just the nature of the beast now. Obviously you you know you'd hear all these stories well someone started out doing marijuana and they moved on this and that and everything. Those stories and generally when you look at the statistics are the exception to the rule most people who end up using marijuana then don't go want to become heavy drug use. OK you know this because we've seen the statistics where it's like what like 40% of people smoked marijuana at some point their life. But that doesn't mean that 40% of them and doing something else I wonder how the peep. Of Colorado feel about it because they've had the longest I wonder what the poll in would be. In Colorado he still he had it for five years do you still like having recreational marijuana in Colorado. There's if yeah I've talked to people I I have some family lives in Colorado when they are vehemently opposed they they say it's it's terrible. But I don't know that the general pop today providing examples as to why it's terrible. I get older they're my age and they think it's the B they were opposed to it from the beginning so there were posted before became legalized. And they figured that leads to a degradation of society is just day in the game be they in the near Tito letters yeah I hear him you know. So the the statistics over in Colorado there was a poll that was done by the Denver Post it looks like from towards the end of last year in September and that's after several years of having the correct and off 45%. Of people had voted against it back when Dave legalize I was like twelve or thirteen I think. I'm only 36 for it percent more in favor of repealing it today so fewer people. Been voted against it back then compared to 45%. Who would voted against it then so. It shows that you always are going to have people who think that it should be legal I'm sure if you polled people on whether or not alcohol sales would be illegal and 20% would say look they shouldn't sell alcohol is dangerous I know the one of the reasons people like it in Colorado is it's had a pronounced effect on the economy. That commercial real steady jobs unemployment Aaron is that side of it's been very good yeah and when. This is from that same poll when looking at the impact on the economy 61% of his Colorado respondents said the impact been positive. 19% said negative 14% said no impact of 6% weren't sure. So significant majority there said that they believed it was still good economically to do this. What chuck went to see the fate of the furious last week we're gonna get a movie review when we return from our insurer matched up constant. You've got to barrier and strong financial exchange. Shall look financial exchange radio network. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinance this all originations are managed by a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. 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Many families to go through this process think about transferring their home to their children to protect it from nursing home if you're not careful and nursing home stay can judge your financial wellbeing and transferring property isn't always the best solution because you're looking at huge capital gains taxes when the home sold if you find yourself in the similar position in the meantime let's he's brand new guide to the risks and rewards of real estate ownership. A senior partner with Cushing and dole and Tom will break it down for you piece by piece and in turn will help you avoid probate and unnecessary taxes called today for your free guide that 8668485699. That's 8668485699. Don't put your home at risk keep it away from your children's creditors and keep it safe from the nursing home call 8668485699. Or log on to legal exchange showed dot com right now to download your free copy instantly that's legal exchange show god come. According to consumer reports 21% of mutual funds have raised their expenses over the last five years do you know what you're paying for your mutual funds to understand the difference between the ongoing yearly fees in the transaction fees the costs of mutual funds EDT your returns and they are one of the reasons why some funds end up with sub par performance hi this is very Armstrong just because a mutual fund has a higher expense does not mean you'll get a higher return my firm the Armstrong advisory group has written a free guide to help you make sense of these these so call now 803934001. Thing get your copy today understand the true cost of your investments call 803934001. Or download the guide right now 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. Armstrong. So. Bringing you the best in business and financial news every day. This is the financial exchange radio network. Trivia is. Is brought to you by alternate energy investing in solar energy can save you thousands of dollars on your electric bill and those dividends are not taxable. If you've ever thought about installing solar at your home or business called alternate energy for free estimate and learn how solar. Can work for you call 8559120115. And set up your free. No obligation consultation today that the 8559120115. Ari we're doing tribute today based on the Boston Marathon it's been run since 1997. Who was the first woman to run the full Boston Marathon art tech's number 68680. And the first listener with the correct answer to that question. Will winning 25 dollar gas card now I will tell you she did not have. An official number. Because you ran. Women were not allowed to officially enter the race believe it or not until 1971. So our question today is who was the first woman. To run the full Boston Marathon. Our text number 68681. Looser wins the 25 dollar gas card. So chuck everybody wants to know how was feet. The fears I heard stuff but that's just that's just a reviewer in the Wall Street Journal. I thought it was a very good it's it's got the point where it it definitely is getting close to what jumping the shark someone terms of how much further they can stretch things. But it's also a it's a franchise that very much acknowledges that you're not gonna get an awful lot of depth that you know kind of what you're getting into. And by being up front about that they kind of allow you to suspend disbelief some one it's also 64% fresh on rotten tomatoes. Not great it's a fresh from an offer for an action movies activity person. It's sixty in about for an action movie that's pretty good did you the seat to Utah and now. That's something I'd ball brought my legacy the only ignite on network yes sir yeah accept how long tilts on Netflix. Only year that it's probably a twelve to eighteen months of being an HBO and six how to handle the Paul Walker situation because he died during the filming. What they wrote his character off in the last movie. It was the previous movie that he died after the filming goal and I thought he was I thought he died while this though it was it was the previous once they actually changed the ending of the last one. To what it is him out of future installments. And so he was not in this one is characters mentioned. But he's not in this one. And I'll tell you that they've done the cast that they have now. Pretty spectacular they get they got some some gyms in the big money. Big money good most of money's coming international and he did 532. Million dollars worldwide for the opening weekend. Which is the biggest worldwide opening for any movie ever. Okay. They did about a hundred million domestically which is down from the 147 they did on the previous one which did have a little bit of built the expectation because it was the last Paul Walker movie. But they're still probably domestically. I would imagine they're gonna end up doing somewhere in the ballpark of 250 to 300 domestically. Internationally. You know you figure that this is going to be over a billion dollars total with the and the next three weeks two or go to Costa and but 250 million figure not a 10050 to markets about 400 million there aren't profitable long thing at the one we mean like. That's they've already announced that they have the studio has confirmed it but Vin Diesel did confirm. That the ninth and tenth movies of the series are set for release in April of nineteen and April 21. Good enough so there's that I've got my we can plan them. Yes yes. Holmes this spring are selling faster than ever. Is this is really quite remarkable if you're thinking about selling your house. Boy you better be packed your bags be prepared to move normally last year which was a very hot market is about sixty days so your house. Yeah and what we're seeing god is debts. Do you continue CAA very very low inventory. Of homes that are available out there as a result. The average home is under contract in 49 days compared to sixty year ago if you're at any of the major markets Boston New York San Francisco LA. You're you're turning over much more rapidly tip for Miami which we talked about couple weeks ago now Isaiah fifteen month supply because they just keep building condos when no one wants them now but yeah everything real estate is always local guy and you know you could live in. Soft town. In new England and still have difficulty selling your house you certainly an area located that give you certainly can my I think in general if you're looking. Eden you know within about twenty miles of a major city at this point. You typically have no problems went to get out a little bit further as you mentioned it can be a little bit more town to town in terms of how quickly can turn something around. You know eat and speaking of real state Cushing in Dolan is making a guide available to you it's a guide to the different types of real estate ownership. He might save yourself forward what difference does it make how I own my roasting well if you get older. And you're doing state planning or fear requiring. Investment properties or fear perhaps acquiring a second home. It changes the game. Each and well change the game as it relates to real estate ownership. So if you own. And it was just issues the as an example of two family house the way you own that is going to be different than you might own your vacation home. In the way you own your vacation home might be different than the way you own your primary residence. If you'd like to receive Cushing in Dolan guide to the different types of real estate ownership. Call 866. 8485699. That's all free 866. 8485699. You can receive the guide by going to legal exchange showed dot com. That's another way to get it says he can't like if you're working you can't get to the phone right now just go to legal exchange showed dot com. Thought the Foreman they'll send you the guide or if you wanna call and have a conversation call them tool free at 866. 8485699. So chuck how much money does the average family in their forties have saved for retirement. Yes this is a report that's put out by the Economic Policy Institute. And what they do was actually tracked retirement savings. Based on the effectively. People's ages just because we know that you know families different age you're going to have different savings trends. And what we see here. Is that the people in their forties the average family with people between 44 and 49 years old is that 81000 dollars saved at this point for retirement. OK to actually a little bit lower than what we saw back in 07 where they had about 91000. Thought being that they probably spent a little bit of that money over that time during the recession where maybe they had to dip into retirement savings a little bit more than they want to be. Which particularly interesting. Is if you look at people aged 506061. Do you see your real impact there over that same time appeared where. You go back to 2007. The average family at that age had about 2111000. Dollars saved up then today just to 163. Now so it Europe's what you're saying is that because of that recession of 2000 neat. In order to pay their mortgages and stay alive they had would be the retirements and a lot of people dipped in and and part of the way you can see this confirmation as if you go back. To the same time span 2007 and you look at what happened for people age 38 to 43 some younger they didn't necessarily have the same data are ready yes. They went from having 54000. Dollars saved. Up to sixty sevenths and actually saw growth over the last six years here and if you're talking about people aged thirty to 37. The average retirement savings went from 27031000. Over that same time space you're talking about a lot of people who are never going to be able to afford to retire. Now what's interesting here though so this is the average retirement savings okay. If you go and take a look at the median is a very different stores because you have an awful lot of wealth in the top one or 5% approval that would top yeah okay. When you talk about the median retirement savings by age okay. And this is this is where things get shot we're talking about the media not the mean which is actually better number right it's more in terms of that. Hitting the greater population when you talk about people age 56 to 61. The average family now that the mean and we meeting right in the middle that fiftieth percentile has just 171000. Dollars never retiring 171000. Retirement is a tight tree eats 32 to 37480. Dollars saved. Retirement got to start young that's one thing I've always tried abdicate with my kids bus start. Re retirement savings in your twenties because if you start even a little bit in your twenties. But I mean you thirty's you know he got a 100000 or so but I mean your forties through 400000 it just. The compound it accumulates over time and they look even something as simple as just ten bucks a week. You know something it doesn't sound like what you did ten bucks a week yet 500 bucks after a year you know all of a sudden you have ten years to get 5000 little compounding all of a sudden he got ten. It you just have to start. Craft breweries this is gone is the vehemence of craft breweries going on in its staggering I couldn't believe. The year the numbers as Reno a thousands of breweries 5300. In 99% of them are crap words in 2011 there are less than 2000. Breweries everybody's Kraft board it's it's been a significant ramp up in a lot of people have been wondering now whether or not the the industries effectively reaching out kind of this bit. Peak beer if you want to call a better. At this point where I've noticed it and and I'm speaking of your generation my generation just leave me go to liquor store and buy a case of bud knows it up. You're generation never. You're generation that buy new things it it's almost it's like I was talking this young guy. Over the weekend he waited for thirty minutes. To get something called trillium pattern in a trillion out there out of Cantonese and seaport. The thirty minutes to abide these warrior stood beer. Yeah I did hear I would say that I guess if something it's changed over the top. We ticker time and researcher beer and are pretty picky about there's to have good hops yes it's hardly the amount of money to spend up here more. Yeah I mean since its that are not uncommon for somebody go to the beer is that you go by craft brewers and as the tuner box yeah I mean six serve could craft Beers like chocolate wall clocks at twelve to fourteen dollars where if you're buying a six pack of Bud Light it's probably 78. It in that business is going through a change it is and it's it's interesting I've nobody minds actually starting this summer work for a AB and a he's going to be on the other corporate side appears to see what his overall take is he killer targeted in this. Him business. Pay up next will be joined by Tim Stevens from the CNET road show. Which would you have for cart would we talk the New York auto show was. For was last week so he's got three cars analysts talk luxury cars equaling one dodged new model right that and the answer torture me question our next from our insurer match dot com stadiums like us on FaceBook and follow us on Twitter at the end feet show. Breaking business news is always first break here on the financial exchange radio network. According to consumer reports 21% of mutual funds have raised their expenses over the last five years do you know you're paying for your mutual funds to understand the difference between the ongoing yearly fees and the transaction fees the costs of mutual funds EDT your returns and they -- one of the reasons why some funds end up with sub par performance hi this is very Armstrong just because a mutual fund has a higher expense does not mean you'll get a higher return my firm the Armstrong advisory group has written a free guide to help you make sense of these fees so call now 803934001. And get your copy today understand the true cost of your investments call 803934001. Or download the guide right now at financial exchange show dot com. Securities are for 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. Many of us are always thinking about securely retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England what technology improves and costs have come down solar incentives seem almost too good to be true yet if you don't do alternative energy clients they're thrilled with having no electric bill summary been driving their electric cars with three power from the sun now imagine free solar power creating our own clean renewable energy while leaving a better world for our children and grandchildren solar is an ideal retirement plan you think the state and federal tax income credits now junior high income years and enjoy higher returns for the next twenty to thirty years don't put off investigating solar. The returns could be incredible Hulk alternate energy right now at 8559120115. That's 8559120115. For a free experts solar analysis alternate energy has been serving new englanders for forty years called in today at 8559120115. 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Call today 844 and 99 match or go online and ensure a match dot com. Security suffered two securities America ain't member finreg SIPC an advisory services suffer through securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Keeping when your money and you're in lieu. Right here it's the financial exchange would Gerry Armstrong Jones soda on the financial exchange radio network. Roberta gift was the first woman to run the whole Boston Marathon in the year 1966. However. She did not run with an official number race number during any of the three years. If she was the first female finisher because event organizers. Did not allow women to officially entered the race and believe it or not. And 21971. 71. In 1971. It's Bob from C can't have the correct answer here Obama's take nor more prize today and trivia today is brought to you by alternate energy. Investing in solar energy can save you thousands of dollars on your electric bill those dividends are not taxable. If you've thought about installing solar at your home or business call alternate energy. For a free estimate and learn how solar can work for you. Call 8559120115. Insert your free. No obligation consultation today that's 855912. 01. 15. Tim Stevens from CNET roadshow joins us now attend thank you very much for joining us today. Extra mega. Tim were right in the middle of the New York auto show I know that it was open to media last week in this week we've got the public don't being able to go in and take a look at these cars. The first one and I have to ask you about it's probably the least practical car ever designed. But it's absolutely fascinating it's called the dodge demon. And the first thing that stood out to me is that Dodgers advertising this as the only production vehicle to be able to do we. That's very true side it is very very impractical but all the Karl because we've won the driver's seat did the passenger seat is actually optional yet pay another dollar if you wanna actually takes it would be in the bank is the lightest solid pro is deceit and the middleware is still on the left side. Built on the left side to a traditional layout that regardless if they do that agreement could say wait in this thing and indeed good yogurt garlic bubble we Aaliyah the fastest production car and the quick depression or quarter mile. Nine point six seconds over the quarter mile well under ten seconds and it cost you 140 mile an hour at the end of court martial. Outrage is weak apps for basically a car you drive up short room. The director and do that a speed but especially so quickly any jury will let you read the Mac or because it's too quick you need more acute with federal and that. What's projected to cost we have any idea. They hit it will be under 100000 dollar but I'm guessing not by much getting to be pretty pretty close to that they're only gonna build about 3000 of these cars a lot of additional. Underdog candidate so. About 3300 total production numbers I'm guessing it's going to be critical to what it. Let's move to something that's at least somewhat more practical there's still expensive and that's the other new Lincoln Navigator talked with a little bit. About what's what stands out on this car. I took Lincoln is trying to reboot themselves at this point we've got a new continental we just talked about not too long ago now are bringing that same that new design over to the new navigator which is their big we will excuse the I thought concept of the navigator last year which of these decreased eagle endorsed. A bit is the production version of the language on the Euro a lot of beautiful tree in the and link it really focusing on in your comfort and kind of rethink what it means the American car. So I'll really finally to the bullet just seats will be ion audio and I'll agree technology to come and thank you the forcing it back. When is this this vehicle going to be available as they say 28 team model that'll be available the series and not until next year that this will be. A good. B 2018 Molly you're so we we make it production toward the end of this year but it still pretty early elegant and you have pricing for us at this point so we don't know a whole lot about it. Other than it will have a a 400 horsepower engine and some of the options ultimately pricing dvds so we may see by the end of the year were more likely be. They'll connect. And then also we've got the young the Honda Civic as I would so what's going on there. To the civic SI have been the kind of classic name that has been. Hunt is attainable but sporty version of the civic that can make you predict it now a lot of a lot of people look aren't gonna whether he's on the civic SI was great to see new version of that. The first and civic turning to a Turbo charger that's when given more or. And better fuel economy but maintaining basically the same power levels. And on the outgoing pickets it's ordered suspension in the debate civic and some some trick all on the type or be outrageously bad civic. This is going to be a lot more portable police are around report Papa doc and like that so a lot of good diet money and put it on carts. So here's a question for you Tim on the Subaru WRX driver is this target to be enough to get me to convert. I'm not sure about that pursue living up here in northeast you know all wheel drive and a lyric is definitely strong value proposition to divert some of the car you can have on any weather condition. The civic being pro will drive car you're you're gonna wanna stay up there on dry days and take it will be easy it's snowing or raining but the William. Very good will Tim thank you very much for joining us and we'll catch up with the soon OPEC. I put it thank you. Tim Stephens from CNET Roche are talking about a few the powers that be shown that dodge team and I do wanna see if I can you think they would test test drive those are do you have to like sign a waiver. Don't yet paper so regularly waivers so dearly that would be it that will not end well Tucker truck drives. What could go wrong via pop and we will now. Hey guys. United Airlines recovering very quickly from their passenger fiasco the stocks up one point 4% today it's over seventy dollars a share. Which is right back to where it was before the fiasco. Mean with yeah with the united. Seventy dollars and three cents per share and. Hale thank you all for tuning in on a day where the Dow is rallying and we value the Dow up over a hundred points innocent he's a collect the nasdaq's up thirty. Happy patriots day everybody we'll see you tomorrow from our insurer match dot com to.