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Full Show 5-15-17

May 15, 2017|

Full Show 5-15-17 by The Financial Exchange

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

This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look good 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 very Armstrong and chuck Exxon. Our reliance on technology is only increasing as time goes by and we're learning more more about hackers and viruses as days go by hi everybody to Berrian truck with you here on a Monday. Where. Every licking their wounds after that cyber attack I can tell you that cyber attack. Is pro and keep going throughout the end of the week this thing is not showing any signs of subsiding. No it's it's not and I I talked to a couple friends of mine who work. In I see one of whom is actually enough IT security and and what their thought is is that this is going to be something that continues. For an awful long time to specific attack in the reason. Is that the machines that are vulnerable to it. Are pretty much any. Any computer any operating system that any computer that's running from an old version of windows such as XP Windows 7 any of those old versions. That unfortunately were not patched until very recently. And so the problem as you say we'll look at I don't have a computer that's running XP while how would this affect me. Problems if you look at a lot of machines that are connected to the Internet they may run. A stripped down version of XP and in order to actually carry out functions so if you go into a hospital that's decent chance at the MRI machine in there might be running XP what that means that in theory. This. This attack that why you vice gets infected. It could be used to say okay we're gonna attack this device here and then from there you could potentially spread and attacked all the different devices throughout that hospital. That are vulnerable if you have new while operating system since windows ten and so forth. No not at risk but the problem is there a lot of people and a lot of companies that didn't upgrade their old infrastructure. In this is the problem. Actually think you know we we never use that piece of equipment we only use that piece of equipment once every couple years but it's still online and people can get into it. You know the amazing part of this is just putting. Hospitals out of business put a car manufacturer put Randall he worked for noted shuts down operations log in and here's. A lot of times you know we are talking last week about you know Amazon's new watt echo that as the screen on and all of these connected homes in this and that. Promised a lot of those devices. Don't have the kind of security that they need in one of the biggest. Potential downfall of the Internet of things is that security has been a distant. You know kind of second. Commandment. For those devices and and the of people asked why don't you have this one you have that security is one of the biggest reasons because oftentimes those concerns are ignored in a lot of those devices. And that is the single biggest reason why I don't use an awful lot in terms of connected home devices is because frankly. I don't trust them in this is exactly the reason why well. It with good reason. Have you ever had a virus on your computer or he ever been hacked 83% of you who participated in our poll today have been I've had a virus and Mike computers it's it's you know it used to be a lot more common U member of the software program Napster. Yup and it seemed like that was really the age I'm not sure what maybe you've got the blame it seemed like those free music sites back in the ninety's Kazaa. Kazaa packet here America I'll remember Kazaa there was also what was what was the other one that was similar to his it was. That's what's mine but he used to be so bad it would ruin your computer you have to make it you give somebody viruses that you have to throw out our serve up enough. It if you'd like to participate in our poll question go to our website financial exchange showed dot com have you ever had a virus on your computer or you ever been hacked. Yes yes certainly unfortunately I have but now the way you get out of this ransom where. Program chuck as I understand it is you buy some bit going in you pay off. The the perpetrators. Yeah and they've but there's actually a Twitter account that sat tracking all of the people who have paid to this point. And effectively the perpetrators of this cybercrime. Now made about 36000 dollars off people who have paid the ransom. From our Twitter know how many people who paid the ransom so Whitman there with bitcoin one of the things that you can do is keeping track all the transactions and if you know certain accounts. You can effectively. Track backer backtrack through all the different transactions you can build yourself a record of what's actually being sold. Bought and sold who aren't so if you can track the transactions why can't they tracked the bad guys who are receiving this quote if you have no idea who they actually are. That's the the beauty I guess if you're a criminal. That's the beauty of the course and it's it's anonymous and that it doesn't link you to any particular person and it's it's it. Global network so it's not saying this transactions taking place at this one particular location simply saying hey we see this transaction happening. That's about all that you actually know unless someone goes. And makes another transaction regency inputs and so forth but it's. It's not easy to track. So what is the eight is thirty. Legitimate or legal purpose behind bitcoin because I get asked questions about that point all the time and I tell people. Don't use of his Scott you've got to be raising a red flag either eat late New Year's bitcoin I would think you're saying to the world. Pay a mock croc and I'm gonna extort people and on and be paid with. No no no I didn't I disagree with that pretty strongly bitcoin does have a number. Of legitimate uses like right there are a number of major web sites that accept that point Amazon being one of them now okay. You know you look pretty much throughout the tech community and it's very widely used the benefit to big point. Is it's not controlled by a central authority and so in theory you less regulation and less. Oversight there. The downside is that you have less regulation and oversight so you end up in situations where the 'cause there is no central authority and you end up with disputes amongst the big point community. About how things need to be handled it however thing needs to proceed going forward. It's a very intriguing technology and I still don't know if it's quite ready for prime time did you notice it. What I at this point no do I see a point in the future where becomes viable and useful stats apart I absolutely would what is the what is the purpose of it for legitimate person. The legitimate business person that why would use bitcoin. You would use bit coined because. It effectively frees you from having to deal. With any potential repercussions from a government that is controlling its own currency so if you're someone who says. I don't believe in gold because I think that's if the coins effectively gold for the Internet generation it has no inherent value just like gold because gold we only value because other people value they actually on the same way bitcoin rallied in value as a result of this attack right in go to 1770. It's it's up in that ballpark I don't know exactly where but. It's a very intriguing technology because it is not centrally controlled and so on particular. You see a lot of people who have libertarian leanings that tend to use that point quite a bit because it's not controlled by a central gulf and see I would be afraid to open the count because. The minute he tried to put money into the count you know darn well the Internal Revenue Service is watching. Not necessarily you can have what they call cold storage which is not hooked up to a networker or anything like that you can have it you know not on any network can not accessible by anyone unless you actually end up plugging. That digital wallet in their studies these dangers. The exit Greg. It will in what way. I just worry about it from regulatory standpoint from a regulator. And I see chalk is not a or talk or syllable opening up a bit point accountants and myself. Why did they need what are they doing that's illegal but why would why would you cius opening up a big point. I bet that's my whole point no I think of it is an illegal actively how what you see. This isn't like registering with the bank you know you know doesn't I guess obviously all of hard to do you think that our web activity is tracked. Well it can be a threat he put monies they put a hundred grand and bury about a 100000 off with the point. You don't think that the government knows somehow he about a 100000 dollars of it when they may know what you did at first but they they have no idea what's going on that money once it's in that system. The I would even want the government knowing that I bought a 100000 dollars at that point one mean would you want to know that you bought a house it's no different. Well I don't know EC I think I think I can you house to make method by one you can bet going to make met like it's no different when it's all said don't show I I think. I visited I've just an old timers that it is warning people about if I get asked this question you must be at this question all the time. Well I think that about that but I just look at I would say and if I'm in the it on the Secret Service are on an entirely on the exchanges no it's no more more or less dangerous from anything else how is any websites should be. Well I was what's the cash. How is worse than cash cash is completely untraceable cash if like the wind in eyes universally say OK I'm gonna take up 5000 dollars. Don't know if I'm doing with that cattle I don't know those banks track if you're taken note. It's a substantial DePaul only about 1000 known and and 3000 dollars to above 101000 is is where they are legally required to do when he that they record recorded over 3000 once it's out I can do anything I want with the I like. Big cooling makes me nervous I I all I hear bad stories that I've heard about murders that have been paid for with that point of armored truck that hit the cash look at this this effort as drug deals in cash at this drug as ever and was bought with cash and like. Again I know this extortion extortion can happen with credit cards that can happen with checked it and it can happen with anything new so. I think to demonize bit point. I'm not saying personally I don't own any of it because I don't think it's ready for prime time in terms of being a stable. Source of value and that's what you want the currency to one stable one of the two Brothers behind this thing the guys that lost them pace. Well they're up a hot they're trying to get involved in pick when they did not invent they're trying to build exchanges and so forth they're trying to build products that allow it to become more mainstream because the areas. If eventually pick Quinn becomes the default means of currency. It's still drastically undervalued at these states seventeen under could be a million dollars from. Do I have good news for you own a home. If you do stay tuned because rated tight just how much home values are increasing its amazing stats are remarkable day in jail jail. From the National Association of Realtors joins us next from our insurer matched dot com studios. He stayed on the markets all day long. There were brand new website financial exchange showed does come quickly on the man info Dell didn't follow the markets from pillar to post polish financial exchange Joseph Johns come. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional ire raised an employer sponsored plans hi this is very Armstrong it's great to cede more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets onto after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications called out to get your free guide understanding traditional hiring a beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com it's. Dirty suffered a 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. The state an asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family hi this is very Armstrong and with numerous types of -- available a state -- can certainly be confusing do you need to -- -- -- an irrevocable trust and what's the difference between the two should you consider special -- trust -- like insurance trust what the tax implications of each type of trust -- and -- an expert in elder law and state planning has prepared a brand new guide called demystify and trusts that will offer you a roadmap as to the different types of trust that exist and help you figure -- which trust is right for you when your family call right now to request -- -- -- 8668485699. That's 8668485699. You can also download it right now by logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing -- all the same -- call now for your free -- 8668485699. Or did -- rate now at legal exchange -- dot com -- are strong here and I'm joined by. Who's the vice president at leader banking were talking about the housing market. The housing market as you know. You know short of supply. Long on demand. And Jake for first time homebuyers. What would your message to the young couple hours just somebody's out there looking to purchase their first time home. Yes so you know for first time homebuyers would we are telling them are a couple things one. Be patient yes you know we we see a lot of first time homebuyers who are making 51015. Offers some time to for fighting house now and offers except it's extremely. Okay. And so they have to temper their expectations. Oftentimes your they're paying more than the other half to paying more than the asking price and a new ads is quite common right now and and in some cases are actually having to to research other towns and rooted in. Considered first because. You know it's very pad can't afford their dream home exactly. I'm getting we're telling first time homebuyers to really be aware. Of all the mortgage products that are out there that are relevant to Tulsa but this leaders thirty yes who we are really excited about this product we just launched it is called leader thirty. And essentially what it is is that fixed rate loan from where if you sign up to pay your mortgage automatically electronically and everybody does for the first year. You get to lower your interest repayments by one person that's very. Helpful offer because what it does is it gives you a break during that first twelve month period exactly so gives you little payment relief for your moving expenses that you still have the security of a fixed rate mortgage. When I bot. A hole. And when I've refinance my properties have always used leader bank near terrific bank you can call all the people free at 8776917. B 900. Or visit them online at leader bank dot com to learn about their mortgage programs. 8776917900. Liter bank dot com. I like talking to a person face to face him a call 87769179. Country. Security suffered through securities America ain't. Member of finreg SIPC and advisory services suffer through securities America advisors think carry on from representative Armstrong advisory group in the securities America companies are unaffiliated. The markets are still volatile. Get our weekly monthly job becoming a member of batteries for gates' visit financial exchange showed Doug come and sign up today. I'm not sure we've ever seen home value increases like the ones we saw in the first quarter when he seventeen. We're joined by Danielle Kahle from the National Association of Realtors. Pretty good quarter Daniel. Out of straight at home pregnant they're at six point 9% on national basis and if you look at proper action that we covered. 85% under geek you out of 178. Thought increases. Well actually a little bit last thought speculate on what quarter twenty nicotine wouldn't tell a very strong quarter across the country. What are you seeing for inventory levels because that's a real predictor of what we're gonna look at the next quarters and. Yeah that we continue to see low inventory and a majority market. And that's one of the reasons why are continuing to be called like appreciation but really outpacing income growth and involve the country's belt. It is coming a little bit concerning me and I'm at the country that contraction is doing well and that's a good sign that would be. The number one kind of relief and inventory shortages that could help bring Craig growth back to more normal level. How can we anticipate what's gonna happen with real estate values going out 2436. Months because. You know there's some people understand Gmail honey maybe we should list the house for sale today and then there's others that are saying. T should we buy today are have we hit the peak real estate values I mean. Can you give us any guidance along those lines. Have been a great question and I think on the demand diet. We had to. Indeed that helpful formation lately we know that the millennial generation at large or larger than the baby boomer generation about getting into bleak outlook unleashing ears. I think demand is going to remain strong. For the next. I've fears are now. And especially the economy continue to do well at the economy work at a golf Alter. Which you know we don't look at. Right now but if the car dealer without the spotlight well that toppled formation make it more difficult for people that you know get out from their parents basements they're. In arrogantly that our own. But not the demand that it is looking pretty good at the real question is on the supply back looking at. You where builders are able to build and the market they're looking in if there are a lot of available land. That he that they can build on I think. That's going to be key to see what's gonna happen with the prospect is in the back a couple of years. When you sit and talk to builders because I think that's the missing link if they start building first time homes. Will will they be able to build the matter rates and a price that's competitive if somebody were out going to buy used home. You know for the most part we hear that it's difficult for builders that built and how lower pre an expert buyers. I thought that it everywhere. But now Lotta market the land is very expensive is that regulatory cost that. Are required by either the federal or local government that I got to the cot make it very difficult to Billiton actually level pre. Though. It's not impossible there are some areas are building get into those low cost accurate is that it is very difficult that it does sort of limit that entry level. Can you could shut it. Coming into the market. But you know as long as builders and ability even in upper tier the market they can't pay people. The move into the new construction that make available at lower pay inventory so any new construction at the good thing for pack in Victoria market. Pitcher is Ari thank you very much Daniel appreciate the update. Daniel hale nine from National Association of Realtors. And if that didn't catch you folks six point 9% increase in inventory levels are still on the decline. And you've got a five year window where prices are expected to continue to increase that's what I got. Yes it in I've said that I I still think that in a lot of the countries still I don't know like about five years I'd just have trouble go five years with anything at this point. But just kind of looking at prices and everything compared incomes. I think is at least another two to three you know. Now in every area is they're definitely some areas. That overbuilt or you know just had too much demand we've seen it in Miami where they're having all kinds of problems because they overbuilt condos but that's a localized phenomenon we're seeing some weakness in San Francisco right now. No can afford a house at that price one we've finally gotten the point. Where it's okay we've we've tapped out a little bit there. But I think on a national level there still is a couple at least a couple years ago. Before you start running in two when idling. With what I liked hearing was the household formation. You know household formation if you impact. 20082009. You that it household formation was contracting I think in 2009 check the number may have been for 500000. Households formed. And now you're you're you're growing by. 800000 households buying. A home in India and household formation to purchase is to touch a household formation that household formation from perk just. You just have general household formations so. Tucker when you and your girlfriend decided to live instant together that was the creation of a household formation nice. I was powerless that I would one day that I think her. Coated in ice you've formed a houseful right showed up when viewing view and in your wife formed how about a house that that was a household formation. Yeah and and and what you see to back up some of the I statistics here in October of 2008. On this is information from the US census Census Bureau that you know 1121000. Households out there. Okay you go forward to march 2000 elevenths almost three years out. Just shy of a 1121003. Actually saw a decline in household numbers over that three year period as you have to remember folks the population was still growing. What you've seen since and in particular since kind of the middle when he fourteen and 2014 yet about a 1151000. Households and you've gone up almost a 1191000. Now so when three years about five million households formed. Yet that that's a significant number okay. I mean obviously. There's a lot of good that goes along with that in terms of hey when you start moving out on your own all of a sudden you start buying new things for the bathroom for the night here at Home Depot every weekend. Exactly and so those are good things to see. In the long run there I still don't think the rate we're seeing is quite is as rapid as we like to we're still actually below the pace that we saw. Act during the 70s80s. Okay and we have more people now so we're still not seeing that turnovers rapidly as we'd like to but it's getting better tonight 46 years a. Oh this week the senate select committee on presidential campaign activities began televised hearings on the escalating Watergate affair affair. So we're doing trivia questions today about Watergate. Who was president Rick since president Nixon's. Democratic opponent in the election of 1972. He knows the answer that question Texas at 68680. First listener with the correct answer that question will win a 25 dollar gas card. Who was president Nixon's democratic opponent in the election of 1972. And again. The Texas governor studio is 6680. We'll be talking coming up. About the price of oil. Now those of you who own shares of I don't know BP ExxonMobil Chevron here be really happy with the news that we have to share with you those are you buying gas. Next weekend when he made up Lisa happy. That's next. From our insurer match dot constant. Making your Smartphone even smarter. Dell logo mobile lab by surging financial exchange show in iTunes or those who. Who played stores this is the financial exchange radio network. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional higher raise an employer sponsored plans hi this is very Armstrong it's great to see that more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after you -- is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications called out to get your free guide understanding traditional I air raid beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com it's. Juries -- for the securities America incorporated members and SIPC and advisory services -- with 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 security retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England while technology improves and costs have come down solar incentives seem almost too good to be true if you talk to alternate energy clients they're thrilled with having no electric bill -- been driving their electric cars with free power from the -- imagine three solar power creating our own clean renewable energy while leaving a better world for children and grandchildren solar is an ideal retirement plan you -- the state and federal tax credits now when your high income years and enjoy high returns for the next twenty to thirty years don't put off investigating solar the returns could be incredible call alternate energy right now 3473085993. That's 3473085993. For a free experts solar analysis alternate energy has been serving new englanders for forty years called them today that 3473. Ways by 993 or visit them online at 800 DC solar dot com. Your financial strategy has to include -- -- insurance -- insurance exists to protect your assets and our friends -- the -- -- agency can prepare a personalized plan to get -- the best coverage that the best price -- insure a match -- 84499. Match -- -- 4499. -- many of our -- -- home and -- -- two cars -- that describes -- -- the perfect candidate for free consultation to make sure your property -- family are safe and properly -- will also dig out all the discounts preferred customers like you can qualify for call -- -- to compare multiple rates and carriers at 84499. Match -- 84499. -- insure -- -- works at the leading carriers in the industry like -- -- Plymouth -- and -- their license for all types of insurance and they can save -- time stress and money with just one phone call and one relationship call today 84499. Match or go online -- insure -- match dot -- it's not too -- to -- a great raid on a whole -- -- bank specializes in a wide variety of purchases and refinance -- at some of the most competitive rates in New -- a dedicated loan officer will work with you every step of the -- and their local decision making music -- -- call 8776917900. That's 8776917900. Or -- -- -- dot com member of. For Wall Street watch a look at the market's performance so far today but I still buried in shock right here on the financial exchange radio network. It is now time for Wall Street watch we're joined by Mike Armstrong here. Mike tell markets moving not start off the week here. Which are still early but we are slightly. In the green this morning the Dow's up 75 points or about 13 of 1% and the absentees. Just over ten point close to one half of 1%. We're seeing enough oil to that big news over the weekend we did see an apparent continued. Pact between OPEC and Russia to keep up production lol how much is oil moving. Yet moving pretty big after what's been a pretty ball tally here modest is the whole built up. Just over two and a half percent is a little bit higher this morning it is given them that so right now up about a dollar and thirty cents. And lastly turning over to cyber security stocks all weekend we heard about this I'll wanna cry exploit that has been attacking computers all around the world now that the 250000. Computers affected. What are cyber security stocks doing on the. Well I mean quite obviously you know a lot stocks are moving based on this specific cyber security stocks as I guess we'll build. Guess they'll be in demand so Symantec Powell out on network speier now lot. 3.5. Percent four point 3% and six point 8% each so while. Terror yeah big moves there and that happening across the world to Chinese stock European stock that operate in that area ala. Good Mike thank you very much of the time. Mike Armstrong with Wall Street watched and one on the markets senator George McGovern of South Dakota was president Nixon's opponent in the election of 1972. He received just 37 point 5%. Of the popular vote and won only one state which was of course Massachusetts and the winner on this question was built from ten bills taking home. 25 dollar gas card to gulf as his prize and our trivia contests today. Is brought to you by insurer match looking to update your insurance policies. One call with insure a match will give you multiple quotes from several of the top carriers and help you make the right decision for your insurance needs polish or match today. At 844. 99 match that's 84499. Match or visit them online at insure a match dot com. Will we did wake up to that story regarding oil and what we learned. Avenue late last night was that Saudi Arabia and Russia are in favor of extending an output deal. Until the year 2018 which would mean. That you may see continued increases in the price of oil oil trading at 4914. Per barrel. Yes the multitude of questions would be. Can air can. Russia impact and influence Iran in terms of their oil production kind of think they can. I add that you wouldn't think so. Can Saudi Arabia influence Iraq in terms of their oil production more maybe maybe Nigeria Libya they're gonna pump. They're gonna do what they do so it's you're seeing the extension of this pack to keep output. Restricted from the highs of they had last year to which there's been pretty good compliance right now that it's over 90% which is very good for OPEC via. Is that. Really high. Exactly so I think you know from my perspective looking at these deal. I think it probably keeps a war in place for oil saying OK you're not gonna get back down to that 27 Rangers so. But we still have a supply and demand mismatch we still see that right now and the other thing this deal doesn't do. US can pump whatever wants and we know that US production. And continues to increase right now about nine point three million barrels a day that's up from around eight point nine million barrels day at the same time last year. Andy and I think that bothers made the better understand I shouldn't say bothers me just it. I remember when oil is trading at a hundred dollars a barrel we were being told well you know. We need 85 dollars a barrel in order to develop oil in North America. And it turns out that was a big block votes is because all the services companies want to keep their margins that all of a sudden marches of the press they've gotten better. And it's also forced an improvement in technology remember that nothing forces. Companies to improve technology. Where the pressure on their earnings because they they have to innovate then and so what you see. Is fracking companies that used to go out and say okay we need to pump X amount of loss and in watered down here in order to get the oil they say. What we do that with 20% less sand and water what if we can do this with a pipe it's narrow what if we can do this with instead of five people Manning the drill with four. And those the types of things that you see is there's innovation. And that's really there's been two waves to the fracking boom yet the first wave kind of an 06 through 2014. Where it was take. All of a sudden we learned that we can use fracking to get natural gas and oil that was compliments of bush and Cheney in and that was a huge huge boon to the US an industry it and very thought it very insightful. On the part of bush and Cheney because they said he lets look forward in an effort to you'd get. Prices just to historian energy independent. We're still importing I think we're still importing five million barrels a day. But we're importing a lot less today than we were twenty years ago and pretty much this was if you wanna know why fracking. Began after then it was an act that was put through in 2005 called the energy policy act. Which effectively allow companies to undertake that fracking. What you're seeing now on what you've seen the last couple years with oil prices as low was they are it's that second wave of innovation it's okay we figured out how to do this using some basic techniques. Now it's refined those get the cost doubts that we can still tap these deposits and produce oil. Speaking of getting the costs down leader bank is offering home equity line of credit. At two point 99%. No that's not a typo folks you can get a home equity line of credit. At two point 99% that's fixed for the first six months. And then it goes to primary. For the light of that line no closing costs associated by the way with a leader banked home equity line of credit. Heidi get one please call 8776917. B 900. That's 8776917900. Who wanna take a look at the program online go to leader bank dot com. Or just give McCall 8776917900. I was shocked when I saw this next story. Ally in it has to do with. The northeast and how much natural gas. We are creating true if it would how much electricity were creating through natural gas as opposed to oil. And in coal. The nine states that comprise the north eastern. United States energy grid have collectively doubled the share of natural gas used to generate electricity. Even as the region churned out slightly less power ups or using less power between years 2006. In 2016. That tells me chuck that we're using more efficient refrigerators. More efficient air conditioning govern using the world we're consuming less power. And despite. That popular notion we actually actually have had slight population increase in the northeast during that period time. Simultaneously. Though. Coal fire powered production. Went from 31% so northeast ten years ago had 31% of our electricity. Produced from coal were down to 11%. Yet in that's an continue to fall and it's not because. You know it's not because of any regulations or anything like that it's because coal at this point is more expensive than natural gas it's more costly. The emissions or worse is it simply is a source of energy. That is being phased out the same way that oil power plants were phased out over the twentieth century answer this question. Northeast is gone from 31%. Coal to 11% coal yet globally. 41% of electricity is still created from coal. And in my impression. Is that India and China. Are under an awful lot of pressure to clean up their environments why why haven't we seen or are we about to see a much greater amount of electricity created in India and China coming from cold. You wore about exit now from coal from natural gas you wore what what China is actually doing right now China is making a major push into renewables. And they know they have a huge problem. We have. Pollution from multiple plants if thousands of people dying every day they they have a massive problem there and what they are doing. To give you an idea of the scale up of China's solar power not just in terms of megawatts which is it. Tight again tiny piece of energy it's not you know a lot of energy. But what you're seeing now is you go back to 2010. And China had 800 megawatts total installed which pretty much nothing it's not the power. I don't know maybe it 5000 home something like that they at 800 megawatts installed in 2010. Last year alone they installed 34000. Now okay it's still it take to really power grid you're gonna need natural gas they will put pretty much what they are what they are doing right now. Is the sheer amount of solar photo Voltaic cells they can produce them is just massive and I'll tell you they are making a concerted effort. To me solar is the backbone of their electricity grid in the future I'll tell you go to the the problem was solar we've talked about it before he can't store the three years I have been added some more reading over the weekend. You are three to five years away most from having the battery tech necessary as the war but it take cost effective rates I understand but until you get their shot you're still going to be burn coal. Because you're not gonna burned substantially less coal despite the fact that you're putting in all these kilowatts of so it because you're in a birth. The the east off the pump those pistons. And it doesn't matter who the puppet for million homes are 1000002 homes still pump no doubt but that's why you build the past the date that the battery technologies radiant three to five years that he party got the capacity installed and ready to go in terms the actual generation facilities. It's going to be it's it's a long road for China and India. To get this kind of technology deployed. But they may be very similar you know we always talk about Africa and how you have people who went from having no political all of us and they have cellphones and bank accounts and their phones and so forth. I think you're going to see from China more than anything else is there obviously gonna have to use natural gas at some level. To continue and I think energy you know but they are going they are making a major. Major push towards solar. It's beyond anything that you're seeing anyone about wind. For whatever reason they are more bullish on solar and China I don't know why you're seeing no maintenance. Other stuff that's domain it's a mean especially you know you talk about northern enhances the solar rain. But it's rain it's also again the cells do Wear out at some point you know they're putting your life it's a talking a twenty year lifespan at this point so you do have some maintenance now on the road and one of the maintenance isn't necessarily with the cells it's more with. The facility surrounding them via corrosion and wires and things like that things along those lines. That you need to deal with you know to maintain agreed and so Forbes and texting and driving off with time for the story or not but. What they're doing in Georgia. Is cops are dressing up as construction worker noticed and bombs lobbed in order to bust people for texting and driving and it's working. They are busting thousands of people in Georgia. For texting and driving got to start doing this in New England I I think it's genius another thing that you're seeing in Michigan. Is I just love the name because it references my favorite Tom Cruise movie. They're doing what's called operation ghost rider which is a program. That as police using unmarked cars and suvs. That are pretty much pulling up alongside people looking in the window to see if the texting and driving him. And then pulled him over which I think like. But the problem is the penalties aren't enough to hundred bucks to the tires. Shoot the tires you see someone texting and driving not you personally but I think cops should be allowed. To go in and if someone is texting and driving to the tires run over the phone they will never text and drive again. Grab a pencil and paper because up next will be joined by Kara essar from Morningstar we have a mutual fund selection for you from our insurer Matsuzaka studios. Doesn't really -- but Marian -- dude you've got the financial exchange on the financial exchange radio network estate and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family hi this is very Armstrong and with numerous types of -- available a state planning can certainly be confusing do you need to -- oval -- an irrevocable trust -- what's the difference between the two should you consider special -- trust -- like insurance trust what are the tax implications of each type of trust pushing and -- an expert in elder law and state planning has prepared a brand new guide called. 8668485699. That's 86684856990. Can also download it right now by logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing -- all the same time call now for your free -- 8668485699. Or get it right now at legal exchange -- dot com. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional -- raised an employer sponsored plans hi this is very Armstrong it's great to see more viewers saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications call now to your free guide understanding traditional diary beneficiary designations the phone number 803934001. That's 803934. Zeros you're one you can also download it right now from our website financial exchange show dot com -- Dirty suffered two securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated Barry Armstrong. Here and I'm joined by the vice president Jeep tool from leader bank. We're talking about zero rent. This is exciting because Z rent is a method for landlords to collect their rent electronically but there's now. Find refining. All right so is he rented the product we innovated leader may. I'm an can be found eight www. Theory dot net and it's essentially. And online payment technology that allows landlords to collect the rent electronic mechanics. So there's several advantages first you can say goodbye to being reliant on the US Postal Service. Good bye to delays in the mail and no more need for paper check right where it's really a laudable and it was don't even have a checkbook we're getting that all the time away in the roll call in and sign up because it's ten and saying you didn't check the it where this really starts to get funnies when you if your landlord in you have. Multiple tenants living in units grad students here university. Well right now they're all writing multiple checks and sending them in and for a lame sort of source become confusing pain in the neck so would you read will do is you'll actually deputy each tenant can individually bad shape it's in one payment for that unit to landlord. And then of course there are reports in notification that all great stuff. But going back tier question about Condo association's a lot of Condo associations have been using humans while because the Condo. Payments that kind of future do every month at the scene. So they've been signing up and there's a version of the rent for Condo. I'll be darned well sounds like something that you need to learn more about folks visit zebra dot net to learn more that's a website address or call them at 8776917900. Toll free 8776917900. Why collect your rent or your Condo fees with paper checks it with the modern age go to Z rent dot net or call the toll free 8776917900. If you missed any part of today's show not to worry good financial exchange showed dot com and click the listen. Then click on demand and catch up on every segment you'll also find podcasts of all of our poll shows just punch of that listen button had financial exchange show does come. On Mondays we talked about mutual funds were joined by terror essar from morning so. We certainly aren't Kara thank you very much for joining us today. Thanks for having any territory but the JPMorgan core bond fund class can you talk a little bit about what this fund looks to do. That the the court gun and and I think that is mortgages and other securitized assets but it does also hold a fair amount of Treasury's investment grade rated corporate bonds though it says it's a good core. Holding it and you have a modest return profile that's similar Cuba slightly better than me and on the provides much better downside protection. And many other court on the math because of their focus on mortgages and securitized asset. We'll get a fund like this is geared towards income generation or is it more towards stability. I think it's a little bit of both the the yield is about. 2.3. Percent. And that's about average so it is not a thing of the highest yielding in the category could look to more of plus unfit that that maybe invest in more corporate bond there. Lower rated corporate that's not the fun but it does offer a reasonable healed but that downside protection of stability is very good here. Looking at this fund one of the object concerns that people have with regards to bond funds these days is what happens if interest rate rates go up. What kind of risk is there what's the what's the duration risk on a fund like this. Well that I had that the pop up a little bit different than a typical court I'm on because that holds fewer treasuries then both the ad and it typical club on prince that's gonna eat that. Dropping as much when interest rates right exactly yeah it happened. I'm over various time periods when it would be eating it straight spike up the fun has largely done better than most of its peers and that's because in that in a lot of these mortgages securitized assets that have a different. Interest rate up profile than a traditional treasury bond. What's the overall expense ratio for someone you love buy into this and. At the expense ratio is at about 74 basis points and that's below average for per quart bond fund peer. And so if if you're looking at someone who's looking to buy this fund. Where do you see them potentially using is this kind of as it says the core bond funding you know the backbone of a bond portfolio or is it more a supplemental position. I think it could be the backbone of your at your bond portfolio it has that that that guilt but also that that downside protection that we really look forward in a court bond holdings. All right very good we appreciate the time Caron will catch up with the soon they don't care essar for Morningstar the fund is the JPMorgan core bond fund class I in the ticker on it. Is WOBD. Acts that expense ratio seen hi I have just the thing about fixed income returns are so meager. A guy in if I'm looking I'm I am looking at the ten year treasury to 33. How do you justify. Paying. And expense ratio of more than a third of the yield on the ten year treasury. It's it's certainly is a touch I mean I think in general. Expense ratios have certainly come down especially and the ETF side of fixed income rose that that's my question to you wouldn't you be better off. As it is at front just strictly thinking as a consumer now. Are you better off using an ETF. Or a vanguard fund and as opposed to. 75 basis point. JPMorgan fund that is it is it worth the expertise you hit it it can be in some cases I generally tend to err on the side of I prefer. Going to ETF routes and that's my personal preference but there is a case to be made that these funds over certain time periods. Canon about performing now it's it's not. Guaranteed obviously there's no water weight for bear market to figured out if that's the problem is you kind of sitting around waiting for you know that every eight to ten year period where hey it might end up working out but you don't necessarily know. So would you when you look at that 74 basis points how much would NE TF cost. You can see decent ones out there now fixed incomes always a little bit more expensive than equities. It's a good ones out there now anywhere from twenty to thirty basis points folks are talking about exchange traded. On them most of Europe sure aware of the terminology. But there's no manager person is basically computer. That buys. All of the in this case bonds in that particular index weakened by an exchange traded fund that buys all of the corporate bonds are all the government bonds. And you tend to save yourself an awful lot of money now what's the downside is no professional management so there's nobody. In place to get you out of the way when things start to go sideways. Is that fair I think so and and again that the big thing that you have to remember is. If you especially if you're someone younger if you're in your twenties and thirties and generally ETFs are going to work out better for in the long term because you can compounding savings over an extended period of time. You're into your sixties and seventies more concerned with that downside protection yup. Maybe the fund makes a little bit more since then because you're not paying those expenses over a long at over as such as long a period of time. Well and you don't have the time to recover from a major correction corrects. Sorry Euro is trading at a dollar and nine hits actually a little bit tenure enters it to 34. S&P 500 up eleven Dow's up 81 big story of the day though courses oil crude oil trading up a dollar 274911. Thanks for tuning in to this hour. Of the financial exchange from our insurer match dot com studio. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional IRAs and employer sponsored plans hi this is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after you die is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications call now to get your free guide understanding traditional higher rate beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot. Come securities offered to securities America incorporated member finreg SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated I am very Armstrong from the financial exchange and I told you about leader bank many times I've taken advantage of some of their simple offers and I'm here to tell you about another one they're offering it Trammell. 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Thoughtful insurance plan insurance exists to protect your assets and our friends that the insurer matching agency can prepare a personalized plan to get to the best coverage that the best price call insure a match at 8449. 99 match many of our listeners own 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 will also dig out all the discounts preferred customers like you can qualify for call insurer match to compare multiple rates and carriers at 84499. Match that 84499. Match insurer match works at the leading carriers in the industry like our bell Plymouth rock and more their license for all types of insurance and they can save you time stress and money with just one phone call -- one relationship joined by -- sought for conversation about individual retirement accounts and the beneficiaries of those accounts chuck what do you do in the event and how do you advise a client who is retired. Widowed rate the very near either widowed or single and they have a large retirement account and they're gonna leave that to somebody else how should they plan for that. Typically the way that we advise most people will differ in certain situations. But typically you'll named your children as the beneficiaries in that situation so. In doing so it does have a couple differences from on naming a spouse is a beneficiary. But typically children will be that first primary beneficiary in the event that your spouse has already gone if I'm 45 years old and I inherit an irony from my mom dad my on my uncle went left to start taking money out of that inherited IRA yeah and that is the key difference is that you are required to start taking. Required distributions as an editor of an IRA. Peanuts that you start doing that the year that you received them I don't know if I'm not 59 and a half even if you're not 59 happier if not seven and a half you have to start taking them right away it won't be an awful lot if you're younger in your thirties or forties but you do need to start at that age and that. Is a problem. In that you're taking it out while you're still working yet earned income folks it's really important that you understand how fiery beneficiaries work call our office and receive this free guide its 80393. 400. When you can download it right now financial exchange showed dot com or call toll free 803934. Zeros or one the name of the guy is understanding traditional hiring a beneficiary designations 803934001. Or financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917. B 900 that's 8776917900. Or visit leader banks dot com member FDIC equal housing lender and MLS Hemmer. 449250. Subject to credit approval leader bank a step ahead many of us are always thinking about security retiring while leaving a good legacy not everyone can do this but we are fortunate to live in New England while technology improves and costs have come down solar incentives seem almost too good to be true if you talk to alternate energy clients they're thrilled with having no electric bill. Some are even driving their electric cars with free power from the sun imagine three solar power creating our own clean renewable energy while leaving a better world for children and grandchildren solar is an ideal retirement plan you dig the state and federal tax credits now when your high income years and enjoy high returns for the next twenty to thirty years don't put off investigating solar the returns could be incredible call alternate energy right now 3473085993. That's 3473085993. For a free experts solar analysis alternate energy has been serving new englanders for forty years called them today that 3473. Ways by 993 or visit them online at 800 DC solar dot com est. An asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family hi this is very are thrown -- with numerous types of trusts available a state planning can certainly be confusing do you need to revoke global or an irrevocable trust in what's the difference between the two should you consider a special needs trust or like insurance trust what are the tax implications of each type of trust pushing and -- an expert in elder law and state planning has prepared a brand new guide called demystify and trust that will offer you a roadmap as to the different types of trust that exists and help you figure out which trust is right for you when your family call right now to request this free -- 8668485699. That's 86684856990. Can also download it right now by logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing home all the same time call now for your free guide 8668485699. Or get it right now -- legal exchange show. Dot com 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 that just makes sense of leader banker called them learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead. This is the financial exchange with Barry Armstrong and chunks of us. Tour exclusive look at business and financial news affecting your day your city your world. Stay info. And today about economic and market trends plus breaking business news every day. And now the financial exchange with the Mario Armstrong and she so. Earnings season is pretty much behind this year the. Couple companies here and there that are still reporting that the vast majority. Of earnings are behind us and we have a nice little stock market rally going on nothing to write home about but it's up about half a point and oil prices. Europe almost 3% I don't think that the energy stocks I think in my. ExxonMobil. Might BP by Chevron and pray do pretty well today. Yeah I mean overall energy is the sector that's really leading the pack along with materials energy about one point 4% today materials about one point two in every other sector in positive territory. But those leading the pack largely on the back. Of that news that OPEC is going to continue. Production cuts they started about eight months ago they can continue goes through march of twenty. March 2018 it's going to be so they're gonna keep those moving for the next ten months. I and I am assuming that you're going to get similar levels of cooperation amongst OPEC they've been very good. At keeping everyone in line to this point so I think oil prices. What's at stake kind of in that fifty dollar range. There's a little downside risk just because. You still don't quite have aim a matchup of supply and demand is still slight oversupply there. But I do think that that is gonna continue to narrow over the next near 69 months and might be that once this deal expires they don't have fuel storage is still pretty high two's and yeah we're still pretty close to record highs for Washington yeah its it's about not just here is global even tankers that seat yep full boil nowhere to go yeah I haven't looked at the data international yep but I do know. That domestically we are act. Or close all time highs right now you know I wanna talk about the housing market and one of the dilemmas. For real state is that homeowners are moving less creating a drag on the economy saw the story in today's New York Times. It's fewer commissions for real estate brokers and brutally competitive market for the first time home shoppers who cannot find much for sale. And are likely to be disappointed during rule states spring selling season. Ultimately with the story years hoaxes. The the old timers might generation baby boomers are saying. And the kids are gone. But we we don't wanna sell our house for Connolly who have been here. The average time is that people are holding onto a home now is over eight years he used to be three. That which I found remarkable. I would make an argument that it's a good thing or holding onto those longer has had I think that the flipping that you see in the rapid movement isn't necessarily. The best for the long term financial stability of spam is okay. I do think that right now. What you're seeing in terms of low inventory levels it's absolutely caused by baby boomers not moving out of the homes where they raise their children in I'll tell you. I have a friend right now who they've been looking for house since last fall as Obama okay so yeah they're going on a year they have been out bid. Six times. Okay and it's it's just because they don't have that they don't have enough for a it's a strong down payment in the 'cause of that. There will dad's not be competitive with these offers that are 20% or more in a lot of cases in your 50% down payments or all cash offers that are coming in so what are they doing about it. We hear they're qualified you've got a mortgage approval. How did have a diminish that they had there been kind of resigning themselves to rent it for another year at this point. Now that he can read but I think I don't think prices are going down you know it's in the days that they're they could find themselves in a position because. Is the best thing to remember is. Vote those people that are sitting in those holds not going anywhere. Unity now just because see the their kids graduating college and they may be retired they had to live somewhere. They do I just they've resigned themselves part of it I think that some of these people might be a little bit too picky in terms of where they want him but. Ultimately as the other ones I have one friend who is a teacher and because of that this kind of of a range in terms of where he can move. Because he's held back by his pension that we've talked about he can't move that market leading state he's not gonna commute an hour now in order to go to work just because. Of his pensions we sit there and he's saying. I'm kind of constrained to you know eight to ten talent that I have to movement. And there's just not anything out there that I can buy our type something else that could really. Make them. People more resistant to selling news. A lot of folks have walked in a mortgage is three and a half three and a quarter percent on thirty year mortgage and they may look at and say well. You buy sell this house now and I wanna borrow money to move and have to pay 5% and 56%. Right that that's another prod single family home starts. Which were at 821000. Annual rate in March are only about. Half of what they were at the peak of the house handles who's also. The Joseph Torre made it there's not a lot of new snow coming on in Europe older. Chances are you can sell that place. Before you put the shovel in the ground and I spot to be in for bill it is I mean firfer builders out there who went through. You know there's there's appeared probably until way to think builders finally started to recover twelve or thirteen. Well I think they may have recovered before the banks that you know lately the debates. We'll tell you that they are happy to make loans but do you talk to the building and there's a disconnect there is a bit builders say yeah the nickel but it's not a very good term. Yeah and so you know I think for for builders now they're finally you know kind of in the catbird seat 88 honestly. Like we talk about this mismatch between supply and demand the builders are in good shape probably for the next 23 yeah I think it's a good time to be build specially if you build quality home. I found a senior discount. And I signed up for today the seriousness. Do. I that you can put on your phone you tell your folks about this it's called so that conversation is gonna go well. Now it's it's a heck of a deal it's called Al Zimmerman and paper now. That it's SC. Guy. Do you see why in if you go into your App Store and you look at yeah I pay eight bucks Padilla. But here's what you get they have city. Has identified 260000. Senior citizen discounts. So if I walked into. A Wal-Mart where I walk into a rest throw rod. My phone is gonna send me text message saying hey. You're entitled to a senior citizen discount while you're in this for a Smart idea and I'm really I'm kind of surprised that something like this didn't come around sooner. And you know in a lot of cases people are aware that there might be senior discount restaurants or stores they commonly go to you don't have fast you know tells ET it's sends you the message I need to do is be fifty years old. And you might be eligible for these discounts. Yeah could be it could go to buy car. You rent a car buyer like a train ticket. You buy a plane ticket you go to restaurant hotel and we did discounts. They are RDU wanna go to a golf course is pretty good chance to view how they make money off the I don't now they charge eight bucks if bucks a year so there is is osu its annual fees area that's called skating but noise studious type and yes it. But it's SCI DDY. Yeah I bought. I bought this morning yet years eight bucks for year I like it just is if you're if it you don't have to. That's it and it'll send you were reminder seat let's say you're in knee and TGI effort all garden having dinner. And it'll send you text message saying hey. You're eligible for discounts earlier in the day in a place some of the stuff that they mentioned even if you aren't AARP members and you go to would Dunkin' Donuts. You get a free donut if you buy a large coffee slate but I know all about I had no idea about that. You'd Everett I'm not looking for them on and on number but the it's our one out to enlighten me. If you're eligible for Sunday for eight bucks they say he pays for itself in in the first like couple weeks alike it's that easily you know as it reminds. If you go for free donut every day. You know that pays for itself pretty quickly. The situation in Connecticut has gone from bad to worse on Friday they had their bond ratings decreased. And it was it is too great decrease in their bond rating for the state to Connecticut this is gonna cost Connecticut taxpayers. Millions and millions of dollars yeah and here's why so what happened was Fitch downgraded their bonds. From double A minus eight plots and the reason that's important for I guess that's a single great Anderson. I'm sorry I got that that's a single great meets at such as gently as I got a text there'll. Different and funky in this that's like attracts easily guys get they downgrade. Of any kind folks. What it means is that when Connecticut goes to the bond market to consolidate debt issue new debt it's gonna cost them more money. So where they went from yes they went from double A minus two if lawsuits single downgrade what that means though. Is when you are a double A minus you fall into what's called the very low credit risk ranged from. The next level down is low credit risk so what that does is it makes it slightly more expensive for Connecticut to bar the stomach can be paying a huge premium. But let's say connect you could issue ten year bonds at three and a quarter percent previously. Now what might be three and a half percent meaning that all of a sudden taxpayers are on the hook for more money in order to pay that interest out meaning either taxes go up for services go down. Thank goodness for New Jersey and Illinois. Those are the only two states that are worse than you can advocate. It's going to be a good feeling at least having to below you you know can you figure. Now granted Jersey and Illinois you you talk about fiscal mismanagement. And that's about as bad as it gets well I don't know kinetic. It is right in there 88 the Connecticut has been very resistant. To cutting expenses. As Daniel Malloy stranded 81 of the reasons they downgraded and he he was get into the rainy day fund. And outside. Connecticut. Eat you need to wake up it that you got major financial problems. That are not being dealt with that the legislative level you're your legislators are letting you down they're not doing their job in your governor. You're governor certainly not doing his job. And put in perspective on a per capita basis. The total state and local debt per capita this is back in 2012 I don't have the updated data here. Connecticut is fourth in the country with near nearly 121000 dollars in debt per capita. On the state and local level so. There's that they had a problem. Pay up next you're gonna be able to buy a flying car how much will it cost when we be of the biased. I'll tell you all that and more when we return from our insurer match dot com studios. Battery and chuck. Catholics justice is the financial exchange radio. And then work the state and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family hi this is very Armstrong and with numerous types of -- available a state planning can certainly be confusing do you need to -- -- or an irrevocable trust and what's the difference between the two should you consider special needs trust or life insurance trust what are the tax implications of each type of trust pushing and -- an expert in elder law -- estate planning has prepared a brand new guide called demystify and trusts that will offer you a roadmap as to the different types of trust that exists and help you figure out which trust is right for you when your family call right now to request this free -- 8668485699. That's 86684856990. Can also download it right now by logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing home all the same time call now for your free -- 8668485699. Or get it right now and legal exchange -- dot com. According to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional hiring is an employer sponsored plans hi this is very Armstrong it's great to see more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets on two after you die is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but there can be complications call now to get your free guide understanding traditional higher rate beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets and our friends that the insurer matching agency can prepare a personalized plan to get to the best coverage -- the best price call insure a match at 8449. 499. Match many of our listeners own 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 will also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers at 84499. Match that 84499. Match insure -- match works at the leading carriers in the industry like our -- Plymouth rock and -- their license for all types of insurance and they can save -- time stress and money with just one phone call and one relationship call today 84499. Match or go online -- insure a match dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leader bank a step ahead your dream home is within reach with a Jumbo mortgage loan from leader bank they're 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 additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Minarets PSE equal housing lender and Miller number 449250. Subject to credit approval leader bank a step ahead. Stay on top of breaking financial news by becoming a member of the carries per game. Blog on the financial exchange dot com and sign up today. Ever since you're fit you saw the Jetsons you wanted to flying car well now it's becoming a reality. You're 20/20 you're going to be of the violent. Did the Al Millie Leo joins us now from business insider hi Daniel. I don't to tell us all about this flying car that I envy of the buying year 20/20 how much is it gonna cost. Andre. Going to be very pray the between one point eight million one but I'll take that. I I. But yeah. They'll buy it well not arrow Opel and they're working on getting certification so it can also be bought US. Up. OK so. One point caught a 1000005. To get one of these flying cars. How far will I be able to fly this car. Carol pilot. Oh lord and haven't filed. That's pretty good that's pretty good and what's with speed will it go. Speeds like trying to get up to you 123. Miles per hour. And what kind of licensing like need in order to violent these cars. Or fly it I guess I get violent or they wouldn't be of them fly one without a special licensing. Exactly what you would need. You know sport pilot light switch and you but it you know you hate. Think twenty hours worth of classes or something that get. You know it's beautiful. Yeah we need to get back. What kind of propulsion as it is a propeller jet to the public housing you know would it mechanically like I configure how it's gonna work. Yes the effects and cool. And we're vertical takeoff and landing which means a basically uses. Rotary propeller Lipton vertically up out here but it isn't yet but you know it would actually. I am required jet at Q4 I. Either and so I don't need to go to an airport where the landing strip I can just take it out in the parking lot take off. Yeah. Do you think you think it's a really heavy with the talk about flying cars literally since I was seven years old do you think this election happen. You know I. No I mean there's banner not the only ones that are. Work on it actually got her you'd which is based start up that was born out of and like he already has. Why are all the transistor and kept like you know. But by what pilot license so. They duly noted that the Yankee of those that they don't exactly look like ours now yeah you cars back to the or is it actually look like McCarty you looked at sort of like. Yet clean the big tigers. Our eighth while Daniel thank you very much for your time and good work on the article we appreciate it. Right or 1000005. Wouldn't buy it floats the I would buy it. I just I don't think I tend to be skeptical of anything flying car related just because. It's incredibly complicated technology to begin with then you get into all the regulatory things like you know. Do you need a pilot's license to fly yes well okay that. Disqualifies 99% of the population. Most people can't even drive a car the right way and be on route 128 today though a tea flying cars looked pretty attractive when you'd think about what I'm going to be facing. Yup you're thinking of it in a vacuum you're thinking I'm going to be flying above the traffic not trappers to be flying along with the because if you have one of these so was that somebody else somebody else I'd rather be in a traffic jam on the ground and in the air and it's still safer than I just I. I think I understand Edwards is on a bit of dispute flaw. No. Why is Vermont doing need battery deal with tussle there they're buying. Tesla batteries to somehow reduce their power consumption understand yes so what what Vermont's doing is. In the summer one of the biggest issues that power companies have to deal with it is peak demand hours so. Peak demand hours might be something from call at 5 PM 8 PM where you've got AC going plus everyone's home so they've got TV on they've got all their electricity on and everything. And the problem is that. Utilities have to have extra generators on demand. Ready to spool up in order to cover that extra powered these. The problem is those extra generators tend to be very expensive to staff up and run because they're not running all the time and so forth. And soon utilities and paying a premium for power during those hours that adds to the cost of your bill and what Vermont's talking about doing here with Tesla. They're buying a bunch their Powell's which is their battery packs. And what their goal is to do. Is to say okay we're gonna produce power at the same rate throughout the day. We're gonna stored at night though and then we can re released back into the grid during day and we don't have to sport there's extra generators that extra cost and so that's what they're trying to do there. This is the kind of thing you're going to see more and more utilities. Starting to undertake. I don't know the Tesla battery pack is the way that you go in the future just I don't know it's best for that kind of scale. Bought this is why battery technology so important anybody competing with Tesla may view league that has. Anywhere near as good as battery technology is that seems to be where they have the lead. There's that good I mean they just have that they've they're very good market Panasonic and as a it's the same thing test on Panasonic one in the same for batteries at the Samsung. Yeah I mean that there's a bunch of other companies that are out there were some developmental stuff we talked last year I think with the offshoot from mom who was from the United Technologies with developing some of the liquid batteries we talked with some MIT folks about it. There are numbered differ seems like everything Nightline the evidence into Gary do you look at battery technology that does graft by batteries are talking about the other ten years ago. They they are but again that's where the futures lithium ion technology is. Not the future it's heavy. It's it's it's heavy it's expensive takes too long to recharge it has problems with maintaining charge after wrapping you know if you're recharged now at every day it's not something last for. You know 3040 years like you want to see need to replace himself. It's gonna work you know that will be your bridge technology for the next five to seven years it's not a long. Term solution. Haired Texan number 686 city and we play trivia every day here in the financial exchange. How many seats in the House of Representatives. Did Republicans lose during the 1974. Mid term elections you remember. President Nixon resigned in disgrace in August of 1974. And we're asking you this question how many seats in the house did Republicans lose during the mid terms that occurred that fall. Our text number is 68681. Listener with correct answer wins a 25 dollar gas card again text us at 68680. You know I don't know that we leading get the JCP penny numbers until after we went off there on Friday earnings per share six cents per share. Revenue two point 71 billion same store sales a JC Penney down three and a half percent it's it's. Pretty for them and as a result they are now at an all time low they're down an additional 5% today I think after going prompts are symbol in the JCP in the last three days they've gone from trading about 560 shared for 32. It's not a good block it's of value trap outside of be careful out there folks it's really dangerous coming up. We're gonna have a conversation about chick filet for march or match dot com studios. You've got Barry Armstrong. Financial exchange. Shall look financial exchange radio network. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com member of the SE equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases in refinances all originations are managed by your bank's local underwriting processing team for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com member of the NC equal housing lender and Miller is number 449250. Subject credit approval leader bank a step ahead Barry Armstrong here and I'm joined by. Who's the vice president and leader bank and we're talking about the housing market. The housing market as you know. You know short of supply. Long on demand. And Jake for first time homebuyers. What what is your message to the young couple hours just somebody's out there looking to purchase their first time home. Yes so you know for first time homebuyers what we are telling them are a couple things one. Be patient yes you know we we see a lot of first time homebuyers who are making 51015. Offers sometimes you for fighting house now and offers except it's extremely competitive okay. And so they have to temper their expectations. Oftentimes you're they're paying more than the other half to. Paying more than the asking price and a and it's it's quite common right now in and in some cases are actually having to to research other towns and wounded in. Considered first because. You know it's very pad can't afford their dream home exactly. I'm getting we're telling first time homebuyers to really be aware of all the mortgage products that are out there that are relevant to. Tell us about this leaders thirty yes so we're really excited about this product we just launched its cult leader thirty. And essentially what it is is that fixed rate loan from where if you sign up to pay your mortgage automatically electronically and everybody does for the first year. You get to lower your interest rate payments by one person that's very helpful offer because what it does is it gives you break during that first twelve month period exactly so gives you little payment relief for your moving expenses but you still have the security of a fixed rate mortgage. When I bought. A home and when I've refinance my properties have always use liter bank near terrific bank you can call them tool free. It's 8776917. B 900 or visit them online at leader bank dot com to learn about their mortgage programs. 8776917900. Liter bank dot com. I like talking to a person face to face him a call 8776979. Country. Many of you listening today are either retired or planning for retirement investing in the market can be as safe strategy to develop growing assets and income to help keep ahead of inflation but here's another investment you can make that may also help you achieve your retirement 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 347308599. Entry. A well cited solar system churns out monthly dividends and reduced electric the best part is that these solar dividends aren't taxable solar increases the value of your property and buyers find the properties would lower expenses are more valuable if you like the cash dividend concept of solar call the experts with more than four decades of experience call alternate energy 347308599. Tree then discover how solar dividends work at 3473085993. Or visit them online at 800 DC solar dot com that's 800 DC solar dot com. 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Well and Australia. That's 686. AB it's the financial exchange on the financial exchange radio network. The Republicans lost 48 seats in the House of Representatives during the 1974. Mid term elections which took place. Just a few months after Richard Nixon decided to resign the presidency. However that's not nearly as bad as when the Democrats lost 71 seats in 1938 and 63 seats. In the year 2010 thanks to obamacare. The winner on this question was talker from south then it's not our producer but the different talk about me. And Tucker's take home a 25 dollar gas card the mobile as his prize and our trivia contest today. The brought to you buying sure matched looking to update your insurance policies. One call with insurer match would give you multiple quotes from several of the top cares we'll help you make the right decision for your insurance needs. Call it your match today at 8449. To nine match that's it for 499 match as the monoline insurer maps dot com. So chick filet is coming out with the new sandwich oh boy like it's coming out sometime this summer it's called the smoke house barbecue they can. Law that already here's what makes it ideal. It's 500 calories. Oh here it is starts in August and it's gonna cost about five bucks. Yet it's gonna be about 559. It's going to have grilled chicken Colby Jack cheese lettuce and several ingredients that are brand new trick play including. Brown sugar and pepper glazed bacon and a smoke house barbecue sauce and this week Hawaiian style Bonn where do I sign up. Not bad give me two of them where is the nearest chick fully west Borough. Too far from what a way they don't have I would I would drive to Africa. What it might go. What do you can't do but I would. Why don't they have more stores you're flying car like our him what do they have more stores here is the franchise you can buy franchise. It's and it's cheap to buy yeah and and they've they've done some expansion. In recent years in the northeast but keep my its puppy that's come up from. South founded in which was keep build Georgia that you like did you say it's pretty good reliable fast food goes straight oh it's it's as good as it gets out there I mean you're talking. If you're talking true fast food. The only two companies that I will go to won a regular basis are chick filet and Wendy's so why wouldn't it be and comment why wouldn't they be in downtown new and why wouldn't they be in Hartford was anxious to prop that was Menino who didn't want chiefly in Boston after the Maria was scandal. It was something it was I can't remember exactly what it was but I know that many you know it didn't want ticket to play in Boston. At one point like five years ago. I know that they've done some expansion in Massachusetts I'm trying to find a list of their stores and them having a real tough time doing so right now so I can't get there and if people can form that they were killer on the South Shore. I mean and I'll obviously bias update etiquette to. You're goal in Providence of the Providence and we are sure to college kids on so let's take a look in Rhode Island right now. They currently have one location in Warwick that's it. In Connecticut at the moment. You've got Brookfield Danbury and field Mohegan Sun North Haven Wallingford West Hartford so you know 78 stores there. Massachusetts right now Burlington. Hyannis Chicopee Framingham. And over seek pot in west burrows that got about eight stores actually does it not in the city. No they're not in the city yet on if pails I mean you click on the list for Georgia and Georgia it's. He's one honestly Starbucks I mean that there's room like 400 just in Georgia and in her aunt and honestly their private right there that's not a post and treating them they are privately held company in and I think they're about as good as it gets in fast food. And there's just something special about that chick even buy a franchise that the bird listened to regret. It's it's keep up front to make a couple more of the costs on the back and that's how they big up tick in more back to the to the parent but yeah you get into one of these if you united. I am. Maybe somebody listening to who by Africa I have I am actually seen one on the Kate period and I am I yeah a while and yet so if I can own any fast food franchise right now and we'll probably be at the top my analyst. Many of us are always thinking about securely retiring while leaving a good legacy not everybody can do it. But we are fortunate to live in new England and while technology improves and costs have come down solar incentives seem almost too good to be true. Yet if you talk to alternate energy clients they're thrilled with having no electric bill summer even driving their electric cars with free power from the sun. And magic 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 can take that tax and federal tax credit now. In your high income years in the and you enjoy the high returns for the next twenty to thirty years don't put off investigating solar. The returns could be incredible call alternate energy right now ID 55912. 0115. That's 8559120115. Asked for a free expert solar analysis only available from alternate energy David serving new englanders for forty years. Called them today Indy 559120115. Some mob breaking news here is that is being reported by ESPN. Cleveland Cavaliers are going to be getting Goodyear as a uniformed sponsor next year the deals estimated pay about seven to ten million dollars and they'll be the six NBA team to have by uniformed sponsorship joining. The Boston Celtics we're gonna have a GE logo on the uniforms starting next year how much is GE pants you know tucked deep do we have any data I don't know if they gave. I don't know actual figure was announced I can look into it but I don't call. The contract in announced in your and the zeal Ian hockey report looks like it's estimated seven million dollars with the Celtics if your guys ever seen the European hockey uniforms. The poverty still like NASCAR driver as soon with soccer in oh yeah covered covered the sponsorships. It's Smart. Nothing against that then good long long as it keeps the cost down for people who wanna see the games I don't care now. What's this whole thing about Conor McGregor. Fighting Floyd mainly I thought Connor McGregor was like mixed martial arts. You know those guys. Yes he is and he's going to wise trying to do boxing match with Floyd Mayweather and UFC president Dana White. Said that he's come to an agreement with doc Conner at this point. And now they just have to get Mayweather on board. In order to do it I will not be paying for this I have learned my lesson not after the last Mayweather fight I am checked out of anything paper view. The Connor have a chance if he's not a boxer but I don't think so. You know I I I don't think so and and I just I can't see him having the technical skill to be able. To wad deal with Mayweather easily Logitech I think you'd be fine. Mayweather would never get into that ring with them. No I never know who else just comes down of their two. You know explosive personalities and that's what everybody really wants to see. It's not so much the fighting really just guess as it is the most well known and they're given sport how much would Connor 75 million. In that ballpark yeah and Mayweather would certainly somewhere around a hundred million PS2 minutes in year out. JPMorgan they just bought a Dublin office building to house thousands staff for their post breaths it job flexibility hoops again at a town. Yet they are they can be housing about a thousand people here they. Have effectively started the plan for eight post brags that world. And it's a 130000. Square feet in the capital doc development in the Docklands area in Dublin. And pretty much the saying look he gives a lot of flexibility so that we can move people here. If and when breaks it becomes a reality and we can no longer do business freely. From London into the EU good this reminds me of. News back in this sixties or seventies remember. Quebec was threatening to succeed. From the rest of Canada are they always and they are having referendums to that effect unions separatist party union kidnappings and it got pretty ugly. There for for quite awhile. And what ended up happening lose. Because of the threat now they never left there's still part of Canada and the you know basically the rest candidate said fine you actually stroke. And in all this then go back sit well actually only ones that but we ended up happening news. Companies moved out Montreal Montreal. Used to be. A bigger. I will take bigger and nicer than Toronto but it was as being on our nice it was on par. With the withdrawal now the two cities don't compared anyway. I feel like that's always the way to deal with unreasonable people as rather than trying to fight them you just kind of let them do what they wanna do when they and shooting themselves in the foot because they don't know how to get out of it so. I I I have this sneaking suspicion. That I know that. And again I know that Theresa may is going through and saying look trigger article fifty we started this process in this and that. I ever feel they're going to get to a point where they're like we are in so far over our heads what do we do. When you deal with micron. And Merkel who's more holes very popular right now she's she's gonna get a fourth term. It and I mean there. They ended micron and Merkel organized band together I think they're gonna go to threesome and say. We're not giving you any favors and by the way you all us fifty billion dollar question and we know that you know we we know that junker with the European Commission has come out and said look we're not gonna make this easy for you and so like. I just think that people thought. Oh we vote for this it'll just be easy and seamless and everything I know it's going to be difficult mean it may still end up being the right thing for you but it's not going to be. Easy buckle up we talk about retail and how they're suffering you JC Penney Macy's name it there in trouble. In the first quarter when he seventeen same store sales fell one point 1% across the chain of restaurants in the chain restaurant industry. Same store sales dropping 3.4 percent so where and when we say. Chain restaurants we're talking about. Friday's Applebee's also aren't always Arden Chile's. Yet yet the a lot of these restaurants keep expanding McDonald's the the their traffic dropped last year but they still open 350 net new stores its. Anyway I was out last night grabbing some food and Tucker I don't know if you've noticed it seems like the last five years. The quality of restaurants that are out there that are chains has just improved dramatically. And it seems to me there's so many more options that are out there right now that big a lot of these businesses that you know these chains that used to have no competition. In that casual dining space where it's you know fifteen dollars for non trade maybe sixteen somewhere in that ballpark sure I think they're facing a lot of competition from local restaurants they're putting better products on the table. Same price point and make and I think people would rather read at a local restaurant privately owned this tackling big chain I better experience and that's about it. Who leaks the Genesis G ninety possessed or talking about in the next segment with Ted Stevens and leave the manufacturer and double checked but I feel like it's Hyundai Honda as a reason depth Hyundai okay yeah we're talking every for every Monday we talked about a car. Next segment will be joined by Tim Stevens from CNET talking about the Genesis G ninety from our insurer match dot com studios. He doesn't really -- but Berrian chuck do you got the financial exchange on the financial exchange radio network according to a recent study by the Investment Company Institute more Americans today are saving money for retirement through traditional higher raise an employer sponsored plans Titus is very Armstrong it's great to see that more of your saving for retirement and my message to you today is let me help you make sure you protected assigning a beneficiary to pass your assets -- -- after he died is an important part of elder life planning and my firm the Armstrong advisory group as a new guide out this month that can help you understand this process it may seem simple but they're can be complications called out to get your free guide understanding traditional hiring a beneficiary designations the phone number 803934001. That's 803934001. You can also download it right now from our website financial exchange show dot com it's. Dirty suffered two securities America incorporated member finreg SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. -- state -- asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family hi this is very Armstrong and with numerous types of -- available a state planning can certainly be confusing do you need to revoke oval or an irrevocable trust -- what's the difference between the two should you consider a special needs trust -- -- insurance trust what are the tax implications of each type of trust pushing and -- an expert in elder law and state planning has prepared a brand new guide called. 8668485699. That's 86684856990. Can also download it right now by logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing home all the same time call now for your free -- 8668485699. Or get it right now and legal exchange show. Dot com 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 while technology improves and costs have come down solar incentives seem almost too good to be true if you talk to alternate energy clients they're thrilled with having no electric bill. Summary been driving their electric cars with free power from the sun imagine three 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 credits now when your high income years and enjoy high returns for the next twenty to thirty years don't put off investigating solar the returns could be incredible call alternate energy right now at 34730. Wait 5993. That's 3473085993. For a free experts solar analysis alternate energy has been serving new englanders for forty years called them today that 3473. Ways by 993 or visit them online at 800 DC solar dot com it's. Not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Security suffered through securities America ain't. Member finreg SIPC and advisory services offered through securities America advisors think carry on from representative Armstrong advisory group in the securities America companies are unaffiliated. In the third daily poll question financial exchange showed dot com. Vote your conscience and herb just vote go to financial exchange showed Doug come and tell us the way. This segment of the financial exchanges. Brought to buy leader 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. We're joined now by Tim Stevens from CNET roach shows we are every Monday at this time if Tim thank you coming all this today. They got ordered doctor Tim we're talking about the Genesis G nine B and before we go further who taught. Genesis is its own brand from Hyundai now it is not simply one car anymore correct. That's right and I launch the Genesis as a premium luxury sedan now about a decade ago but they then decided they want got a brand get a little bit more income and go to the Toyota Lexus roots or the Ian Kennedy route or to actually root basically creating this separate premium brand. For the launch this new brand called Genesis which has now has two models the G ninety in the G 72 again really. Moving up and Randall been trying to step away from the on vibrant that we know it kind of a value crap. So looking at the G nine the year where he's positioning itself what are what are the major competitors to this vehicle. They're a pretty high would this really targeting car with the Mercedes-Benz F classical artist starts about a 100000 dollars the BMW seven series. I get a car that's certainly upper eighties and I don't know arrange but we're really seeing that this is a strong competitor for the Lincoln Continental which were talking about a couple weeks ago. A Lincoln just want to nuke on an all big luxury American sedan. Gina you've. Pretty competitive without pricing starting around 687000. Dollars so expensive car we really don't compare pretty favorably against the Mercedes and the BM WX factor cost. What are the best features of this vehicle what stands out on the on the plus side. I definitely the interior is this wrongful what is very very comfortable government talking these really really a lot of room inside its. Really a nice car and the mature as a surprise on next to especially considering the and the value proposition that we have all on on deck here a lot better technology to things like doubling keep the system keep you in your lane. Adaptive cruise control pre sixty camera looking back I think. And all that's pretty much better functionality you go to the class the BMW while a separate the pick a lot of boxes and they allow more. What's the what's the downside this vehicle if if they are selling it for that much cheaper. That there has to be something that does important met match up with the the other competitors in its space what is it. Yep performances is not the best of the base engine at that horsepower is definitely good but it's certainly not the kind of barnstorm report that you might expect from a parent that class or sponsors it also looks a little bit boring it definitely want more quiet cars in the class in that and I expect and point. In the economy not great either that you can see about seventeen miles per gallon in the city on about 24 up on the island so again that will disappoint. We have any idea how many of these Sundays looking to was cell in order to kind of make this whole. The whole project worthwhile for them. Right now things are pretty pretty small between the G-7 in 1990 on the song about 2000 cars a month over a small but again the brands only existed for about a year now. They are looking to launch and if you DNS sports coupe as well within the New York to. That should help them to move also what a bit so I'm guessing that probably aiming in the pocket and and children within two years. Up against a very very early days as. So overall looking at this vehicle near the Genesis G ninety. Good car for the money it's billed as a get quite to the level of that Mercedes S class is what you're saying. Absolutely the quake had a bit notched an open style but does have a lot of unique features that are great and also has a really nice beach resort you don't wanna get to the dealer allies got cremated for three years not come pick up the car and bring into the future court which is pretty good excuse to appeal that idea last. Could musical preview. Outstanding Tim thank you very much for the time today. Our quarterback Tim Stevens with CNET road soon talking about the Genesis G 960. Grand. Not to eat more not spent on a car almost looks like a pretty your Ford Fusion which isn't saying. It really does indeed it it kind of does when you look at it yeah. And amphibians outscored its not a bad description I'm pretty sure Hyundai wouldn't like to hear you say that well adjusted it it does look like a prettier Ford Fusion said that's that's very very good. Exits he's somebody spend that much money and car. Dell and apple do. I know a driver on parties think about all the Lexus is Mercedes that you see out there and I've Cadillac Edison and never understood it and in half those people have nothing saved I'd rather buy a stock. In the news with the extra money with the carcass you know. Entry level car costs 25 grand thirty brand new this year I mean you US UV you can get really good cars on the market now. 2647000. Good time to buy use carts anyway the time to buy a stand and they can't move mall deal off the are there give animal. Yeah if you you need a fuel efficient for gore won by Honda Civic current Toyota Camry here don't Toyota Corolla used. Boy it inaction and those are the ones Ian papering for a few if you will and settle for a lesser brands like Kia. Turkey get a for a five grade they're very active find consumers relate you know 8000 dollars that pretty high mileage. No I mean I'll tell you can find good sue bruise relate 8000 united to get on with less than an NC 67 only about 55 yeah and in that range and that's. That's a broad Subaru. Still very popular brilliant that you know even in even in the sedan version. Markets still do well today you know first day of trading this week in the Dow's up 76 points and NASDAQ except when he. Crude oil. Interest in trade here dollars 38 on crude I'll be very curious to see. How crude holds up over the next 4560. Days during we do this hot season. For voting in travel and see what happens. North thank you for tuning in to the financial exchange Tucker so those at the Helm truck does not have my cohost my name's Barry Armstrong and we broadcast from our insurer match dot com students.