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Full Show 6-6-17

Jun 6, 2017|

Full Show 6-6-17 by The Financial Exchange

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This is the financial exchange with Barry Armstrong and shops are. You're exclusive look at business and financial news affecting your day you're sitting. And 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 chunks. It's a good time to be working in the accommodation. And food services industry job openings increased in a number of industries. With the largest increase occurring in accommodation and food service at the restaurant hotel business hi everybody it's very and chuck with you here. On eight Tuesday and just moments ago we received what's called the job openings and labor turnover summary. Been reading it for about five minutes now chuck and trying to get my arms around it didn't. News or bad news well I think this is kind of a mixed report here we're seeing a you know but. Surging job openings and what's interesting is that hires are actually down for the month. And separations are down for the month as well so not as much turnovers you want to see in the labor market. An and I wonder why that is because obviously we know they are available jobs we have hit a since since the jolt reports started. Is taking you know taking. How to how many shots are gonna start running this data set. This is the highest number of jobs we've ever seen sale 1000006 million today across the country folks there are six million jobs open you dial this back you go back to the those of you who remember the Great Recession in eight years ago nine years ago that number was a fraction. It was it and I think what's interesting here is that. You know as you mentioned you did CA bump up in accommodation and food services openings which you know those are typically lower paying jobs in a lot of cases that Yeltsin did see bumping construction up to 203000. Open jobs in the construction industry right now and he also a bump in financial services okay. Go for about 327000. Job openings up to 373. So kind of across the boards and different sectors that are moving in the right direction. On the other side of things manufacturing less positions open now than we saw over the previous two months oh okay so. It's if if I'm grating at this report say great that we have a lot of job openings. But we can't fill them. We are so art seeing enough people moving out of old jobs to kind of get that the labor market really moving. Quick straight did the fact that it's low what is it can we glean anything from that he's just need people like the job that they have heard their insecure about treating people are still insecure about changing and it's prompt is historically when you look at where the greatest wage growth happens when you change jobs you know it's when you hop from one to the other. Where you say look my current employer they're only giving the cost of living one half 2% a year. But I can go make 10% more somewhere else. Well in your generation should benefit from this as my generation starts to retire I would take it. You know there's a lot of upper management positions that are being vague I can tell you are because I've done a deal not a day goes by where I don't talk to somebody check one of my peers. And they tell me up I'm retiring right put my notice in retiring in February I have a lot of friends. You know I'm 57 years old are you today in a lot of my peers are replace retiring and have concrete retirement plans within the next 3040 month. Yeah I think you're gonna see a lot of those jobs opening up in the near future. And and hopefully it's going to do something to start things moving run. Again this is the kind of report where I'm graded out a kind of look at it very similarly to how we we saw the the numbers from the unemployment report last Friday were saying look it's kind of a C plus B minus somewhere in that range. All right. Well we have a poll question today is it easy to find a job in your field of work I don't know you do but maybe you're an earlier truck driver of the truck driver got a pretty easy to binary now. A baby your computer scientist I don't know where it whatever you do. Is it easy for you to find a job in your field our poll question can be answered by going to financial exchange showed doc how we do poll question every day. Financial exchange showed dot com is it easy to find a job in your field. Teenagers are not working anymore the numbers no IE I found see the at this just re reaffirms what you've told us in the past. The unemployment rate. Among teenagers today that it we're talking about sixteen to nineteen year old is fourteen point 3% it was 27%. In the year 209. Employers are. Working there are looking for seasonal workers. 41% of employers and we've got a lot of them in New England you think about. Anywhere along the coast they need these resort to aggressive new sport all the way up through Portland Maine pretty much yeah yeah and your pretty much stack them up for the summer go up to the camps on lake where the socking your lakes ought to be there looking for a for workers 41% vs 29%. Last year so 41% of employers. Desperately seeking workers. In 198870%. Of teenagers worked today. 48%. Or is it 4843 acute treatment of 43. Get it remarkable in in a generation. Two generations. You've gone from 70%. Of teenagers working to 43%. Now they're not doing nothing. Okay what you're seeing is a massive increase in the number of sixteen to nineteen year old that are going to school for the summer camp they're getting better educated. Even then you're generation. They are I just I was I wonder whether additional education is the best thing for them is against eventually they get out into the workforce in and we know from all these stories from hiring managers that once a lot of kids get out in the work force them what to do. You know like it was there's a study in today's Wall Street Journal the have a chance picking up on critical learning. If it's scary. Are critical thinking. Meaning our ability to problem salts terrible is has gotten worse you crappy it's getting really bad we're we're not teaching our kids in a while in college. How to problem solve the greed these kids it's a CLA. And we grade kids. When they come in as freshman and then we greet them again when they graduate. And he's been little or no improvement during the four years of time in college so I don't know what they're learning but they're not learning critical thinking you know I talk about critical again like. Okay you've got to Pratt a problem on the manufacturing line you've got a problem in the office you've got to technology issue. They can't fought they can't solve problems. No it in it's it's again it's something that I think part of it we can go through you know at the pieces on education for the next two hours. But I think the problem isn't that we're not teaching our kids enough. We're teaching the right skills you know where were we see so much this where kids are over tested we're teaching to the test in this and that instead of actually being able. To teach them how to think and I think that's one of the biggest problems is that. Kids just don't know how to work through problems. Either because we're teaching the borrowed. Or we're solving the problems for them in case boomer is being criticized. Over their handling of search pricing during the crisis in London over the weekend there's a terrorist act as you know on Saturday night on the London Bridge. And who were implemented surged pricing which means that passengers using them over in London. Immediately after the terrorist act were being charged with two point one times the normal. Yeah exactly and over took off 42 minutes to disable their surge pricing. Acting gets pretty good I mean like I was gonna say the they I was talking to somebody this morning from Jackie show. And used criticizing in this. I and I didn't know if not they get in under our Catholic and I get you want it to be done instantly but yet the first verify hazing actually going on and we know how difficult it is to get information there. I've been very critical who brought a lot of things but not based on 42 minutes to disable search for first of all salad is the only way to get around. Like if you're not happy with you were fine company cap compliment currently do what you want it like. Run get the bicycle like you don't have to get in and who were in order to go somewhere like is this how dumb we've become. Evidently they run like doping liked others a guy with a knife there on the lake Walden who are like I'm sorry like. I just I I understand that lake we wanna criticized companies for everything but. This is kinda dumb here like big they figured it out in 42 minutes that's pretty good. New Tommy. Is a company that it was started as they believe that spin off out of MIT. And lift. Is the stepchild. To movers lift his San Diego based company new economy is in Cambridge based company new economy if you recall we had the CEO. Either in studio or on air certainly. And they are going to be implementing self driving taxis in Singapore in twenty teams in infants and let it in six months seven months they'll be doing it. Now this should give pause to Hoover knew autonomy and lift are working on a joint venture. It's a big step I think and I'll tell you. As much as Hoover's seems to be happening to take two steps back for the one step forward they took because of this whole situation. With the potential stolen technology from way Mo with seems to be going about this in the right way saying look. We are going to partner with a company that is doing this we're not can develop it ourselves we're gonna partner with them and say look. You're developing this technology we have a stream of writers. Let's let's make some synergies and figure out how to make this work. And I think it's a Smart business plan I think that these two companies should be able integrate well together and I think it's pretty exciting to see and do. I I do too I still worry about the amount of distance they are behind Google you know if it and you know indirectly I've tried to buy shares in lift by buying General Motors because General Motors owns. Upwards of 10% of left. But like I I question whether or not. The the least these two companies. Can catch up to global. They don't you don't have to be first is can be more than one company that does now you know just like GM is the only carmaker okay. Ford might about the model T which is the first great production car that put you got other vehicles out there you know so it's it's not just going to be one company of roses are you got to be first of the party. With Apple's never first anything that's still a great company you're gonna get there you're gonna be fine. Do you know anybody. Who is suffering from cancer or has had cancer of you lost the Loveland to catch I think we all. Right it and we either know somebody right now who's battling cancer or we've lost somebody to cancer there is a small Boston Biotech company. That is at the heart of a ground breaking approach to tackling cancer is a matter of fact they've got trials that have been have come out. And they have a drug that is in front of the FDA that could come out as soon as this summer. We're going to be joined in the next segment by David Shanken. He's for a the CEO of ad deals pharmaceuticals were to be talking about potentially. A ground breaking drug as a relates to curing cancer that's next from our insurer match dot com studios. Armstrong. Bringing you the best in the business and financial news every day. This is the financial exchange radio network. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- As we get older the state claiming becomes that much more important than the you have loved ones or friends that may need nursing home care you need to protect yourself and your assets the best way to do this is through trust. But don't listen to the bids about having to give away all of your assets or control over your trust or the best on which as you may have to ask permission from your trusty use your own money you should know that none of these statements are true. You don't need to give everything away you can stay in control than you never need to ask for permission to use your own money Cushing and Goldman the experts and elder luck have written a brand new guide top misconceptions about Medicaid or rev a couple trusts. This guy details thirtieth the most common misconceptions about estate planning and you can get yours today by calling 8668485699. That's 8668485699. Or you can download it right now on our website had legal exchange showed dot com legal exchange showed dot com that website again is legal exchange showed dot com. Barry Armstrong here and I'm joined by Jake too who's a vice president at leader bank and 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 with what is your message to the young couple hours to somebody's out there looking to purchase their first time home. Yes so you know for first time home buyers 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. For fighting house now and offers except it's extremely content okay. And so they have to temper their expectations. Oftentimes they're they're paying more than others do. Pay more than the asking price and a minutes is quite common right now in and in some cases they're actually having to to research other towns rooted in considered first because. You know it's very pat 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 we're really excited about this product we just launched its cult leader thirty. And essentially what it is is that fixed rate loan. Where if you sign up to pay your mortgage automatically electronically that everybody does for the first year. You get to lower your interest rate payments by 1% 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 leader bank near terrific bank you can call the people free at 8776917. B 900. Or visit them online at leader bank dot com to learn about their mortgage programs. 8776917. B 900 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 finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. On top of breaking financial news by becoming a member of the diaries brigade. Log on to financial exchange does come in sign up today. We're talking about cancer treatments and were joined by doctor David Shanken. He's the CEO of ideals pharmaceutical good enough to talk to us about the new drug that they're working on it's actually been worked on and it's in the FDA. Good morning doctor welcomed the show. Good morning thanks for the opportunity to speak you and your listeners this morning. We're glad to I was gonna try to pronounce the darn drug you're working on but I and ask you to do if you don't mind. Yet called and it didn't have been and it very exciting. New medicine that we'd discovered and developed here at IPOs. Which we hope. Is going to lead a revolution. In the way we treat one of the deadliest cancer known. In adult called acute mile logged in as leukemia. Which literally has not had new treatments approved. Over the last three to four decades. And we hope that and it didn't have will really change the way we think about treating this deadly form. Of leukemia. Well it. How how does the drug work pay because I I was trying to understand it based on my reading of the article but maybe you could describe the that the you know how the the theory behind it it's working on cancers. Well I just says you know I was about an eight year old company and we were founded on some really exciting science. That. Cancers. Bring in their nutrients and break them down differently but what we discovered with and it didn't have it and it didn't it goes after a genetic. I. Patients with AML. With that genetics tell us edit the right patient at the right time political rescission medicine you know. Which really unique about it honestly admit is that unlike chemotherapy with just randomly kill cells you know. You actually what we're doing with Anderson it is repairing the cancer we take you can't sell. And we allow it to turn itself back into a normal cell quite unique. It could it be applied to other forms of cancer. There are other forms of cancer that carries that same genetic defects. And it in brain cancer. And cancer of the gallbladder in the liver. And cancer of the soft tissue and bone and still we are doing clinical trials right now. In those other cancers were hoping this summer. That and it didn't it will be approved by the FDA for use in the United States. First in the Q my lot in this leukemia. Now you've already done trials on this particular drug can you share some of the results of us. Yeah they're very exciting and some of the newest data will be presented in about two hours at the American Society of Clinical Oncology meeting in Chicago. And so and it didn't it entered clinical trials. Just four years ago in 2013. And the data that will show later today. And the data we've shown before. Shows that about 20%. Of the patients on our first clinical trial on these are patients were they Immelt. Who that multiple private therapy they've really unfortunately have run out of options yes we're you don't really expect to see much in fact 20% of them to leukemia was eradicated they've gone and complete remission. That's a miracle weight which is how many what are the what what's the potential market for this global. Well there about 20000. New patients per year diagnosed with this disease in the United States alone every year. And about 10% of them. Carry this genetic defects. And this same number hold up around the world and what's also unique about our drug is that. Most of the treatments for the disease are intravenous chemotherapy given in the hospital this is a pill and they think once a day. Overall about 40% of the patients. Have had a pretty dramatic response and another 40%. Had seen the error leukemia and stabilize and there are other blood count improve a lot of clinical benefit with that killed 881 today. How long is the FDA had been sitting on it windy here we expect to hear back from the FDA. So we filed with our partners Celgene from New Jersey we filed to the FDA back in December 2016. And they accepted that violent gave us that. They have the possible review caucus called priority review that they're that they it will have to be made by the end of August. And if we're successful with them. Then this could be RI US's first marketed product. During the summer. And you've been working on this drug for what six years. So we made the first scientific. Discovery in 2009. Soon after the company was started. That the drug was actually first plane to clinical trial in 2013. Okay and how they yeah I don't know if you're allowed to disclose this or not but how much money has your company spent on researching and developing this drug. Yes so you know I just was. Was founded on really novel science where research driven organization trying to make a really important medicines to save patients' lives and do it in a very different way and we have multiple programs if you look overall at the company in the eight years we've. Existed. We've spent approximately 700 million dollars. That have come in from investors and corporate partners and we're really grateful for them Batman and the impact we hope to make our picks and slides. Tonight it's it's fat fantastic and I wish you the best of luck on going to be following the story new invite you back. I'm hoping that you get FDA approval even before August 30. We hope so too and I'd be thrilled that. Come back and talk your listeners. Thank you did today we appreciate your time. As doc doctor David Shanken. He's the CEO of ideals aside Noam first thing people are asking with the symbol for a symbol on it is AG oh now imagine what happens that stock. Yeah I mean if if they get approval here which you know fingers crossed everything checks out I mean it could potentially do great things for the stock and obviously. No more importantly mean. What do what it does for these people use the the the the this kind of leads into our whole cycle bout in conversation regarding health care because. There are people that are resentful of the price of drugs and I understand. But this is an example they've invested private investors venture capitalists. Big companies probably have invested 700 million dollars in this company now there's a lot of these companies that fail entirely. With the drug never gets approved. That there absolutely are I think this is the big question again at the end of the day it's trying to figure out. What we prioritize and that's not a financial question of moral and social straight rated C. Because there were covering a story ironically later in the show. About whether some of these drugs that we administer. Within the the improvement in health is worth it financially. Italy and nobody has an opinion on this until they have a loved one who becomes sick or until they become sick themselves. Then all of a sudden people become experts. On the topic quite concerned. About the the these treatments that are made available coming up we will have a trivia question for you regarding DJ. Can obviously understand why would be doing that topic today. And will be talking about an update from Wall Street the markets are opened and have been for. Well just about an hour with the marketability as an up or down we'll find out when we return for Mark Sherman. Up comes the news. Making your Smartphone even smarter. Don't know. 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Hi this is very Armstrong and like Q I'm watching president trump lay out his agenda very carefully because I know the decisions he makes may affect my clients on the fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like he popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call 803934001. Gig you're free guide and learn the truth about annuities that's 803934001. We can download the guide right now at financial exchange showed doc. Securities offered to securities America incorporated member funeral SIPC and advisory services are offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer as we get older the state claiming becomes that much more important and if you have loved ones or friends that may need nursing home care you need to protect yourself and your assets the best way to do this this through trust. But don't listen to the -- about having to give away all of your assets or control over your trust or the best on which as you may have to ask permission from your trusty use your own money you should know that none of these statements are true. You don't need to give everything away you can stay in control and you never need to ask for permission to use your own money Cushing and dole then the experts and older La have written a brand new guide top misconceptions about Medicaid irreparable trusts. This guy details thirtieth the most common misconceptions about estate planning and you can get yours today by calling 8668485699. That's 8668485699. Or you can download it right now on our website at legal exchange showed dot com legal exchange showed dot com that website again it is illegal exchange showed dot com. 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 pastor closing calling 8776917. B 900 that's 8776917. 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B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as they're banking partner call 8776917900. Or email BBO at liter bag dot com for more information member FDIC equal housing lender. Time now for Wall Street watch a look at the market's performance so far today but I do Berrian chuck right here on the financial exchange radio network. Is that time for Wall Street watch we're joined by Mike Armstrong and Mike thanks for coming on today torture Korea. Doing well it seems like god you have just like the last time we talked to pretty quiet day in the markets there's not a lot of movement is everything pretty much waiting. Hi everyone pretty much waiting until logical these testimony on Thursday. Because look like that. Investors hedging their bets the Q it happened there's that you mention it down isn't here both down by about 110 of 1%. NASDAQ up by about 110 of 1% so no real big action so part one is oil moving down to. If there's a few reasons that one veto we continue to have some inventory. Issues. The OPEC meeting cuts. Don't see much significant but there's also a little bit of rest going on. Between Qatar and old you know larger portion of the OPEC nations and that seems to be. Just adding son. Volatility in the price of oil as it's kind of under minding the potential for a successful OPEC cuts. Looking over at some companies here HD supply holdings is a company. That's heavily involved in in North America as an industrial distributed data on 17%. Today how come. You have big missed by HD supply that mr. earnings by recent share they actually. Eat their forecasts. Over the revenue but they're selling the water or business and investors did not like that that the stock is down 17%. This the company to spend. Spun off from Home Depot back in the day taken private brought back public thirteen got a tumultuous history and ties up a lot this year and it just really come way back down after this earnings report. For good Mike thank you for the time. Mike Armstrong on this day 73 years ago the allied powers crossed the English Channel and landed on the beaches of Normandy. We're doing trivia obviously based on. What was the code name for the allied invasion of Normandy on June 6 1944. Our text number is 68681. Listener with the correct answer will win the 25 dollar gas card. What was the code name for the allied invasion of Normandy on June 6 1944. We yesterday we got a glimpse of what Donald Trump has in store for us in terms of infrastructure planning. It sounds like we're we're doing is following what a lot of the rest of the world has already been doing in the past in terms of privatizing roads and highways and privatizing. The air traffic controllers are again it would how would you quo pose as that more about quads I privatize nation. Which won the air air traffic controllers if it depends what actually and to go through so far there's not a whole lot in terms of detail with regards to that. Their point of countries that have done it in and that have been successful women. There are also couple that did it. And pretty much had to bail out those private companies during times when travel as low seat pick about. One of the downsize to privatizing air traffic control the way that it typically works is they get a fee on bookings in order to pay for. There operation okay wolf all of a sudden let's say that bookings plunged 20/20 5% because. The economy's bad people were free to get on airplanes whatever it is. All of a sudden all the funding dries up the fall and those operations and you've got to bail out the air traffic control since OK so. That's one potential downside it can have some efficiencies there so it's not necessarily. The black and white thing there what I kinda worry about is it's the kind of industry I can have. 500 air traffic control. You know you're gonna have wondered when accompanist. And what's going to end up happening there's your big airlines are gonna continue to gain influence there just because of how that'll work and so I just think you're gonna have even less competition. For air travel so it's one of those things where from a customer standpoint and people just went beyond time. Breezy but they also want it to be affordable solicited you have further consolidation in Reno and ideal that pay more money. To have more better on time experience I think a lot of people wouldn't. I don't I think a lot of people keep my most people shop on price rate you know we have by the airline to everything we know most people show up on price I felt I shop on duration. I think that you represented a small minority of you you may wanna pay more but a lot of people won't necessarily. What about for bridges and highways through because that's the other ideas that he seems to be advocating witches. You know more tolled roads and you know more bridges that are just for truckers that are paying a heavy tool. That I've always been in favor that the yeah I mean it's the kind of thing world look it's going to be cheaper up front. OK but you do if there's additional holes. Down the road and people present you have to keep paying and you know a lot of the rest the world as this article from Bloomberg mentions tends to use this kind of approach. But remember that no one has the rate of car ownership that we do you know we we drive more than any other country out there and it's not even close okay. You talk about the rate of auto ownership. Okay by country and we've gone through this. Both foreign and you know talked about just how many cars. We own in the US senate seat China doing this because they. They will own more cars that we more car ownership and in China but that's a long way away oh I don't know five years ten years of per capita basis while per capita if you've never but that's ultimately that's all that. Again they can have a billion parts okay. But if again we've got we've got right now 330 million people in 260 million cars with the Q how long it's gonna take them to get to a billion cars like it's still going to be another fifty years all right I don't think they'll ever get too ugly cars you don't see we have right now for per thousand people we have 700 in 97. Vehicles per thousand people. In next closest developed country. Is Australia which is 10% behind Canada's 662 Candace as 20% fewer vehicle is NASA's snow will be you know that is includes them you go over and take a look at you know most of Europe and that kind of in the 500 or so we have like 50% more vehicles per capita than any other country so. I think that told roads and things like that I think they're good idea to keep costs down in due to incentivized the construction of viable projects. But they do have. The effect of reducing traffic as well just because people want a pivotal play and they had that problem in Chicago where they sold to park he done that yet. Pretty much just to pay their bills one year when disaster that turned edit the race they sold it the Chicago so broke had to sell their their parking meters 2008 right in the middle the financial crisis they sold 36000 parking meters to a consortium led by Morgan Stanley for one point two billion dollars. The inspector general's report later said they were about a billion dollar short of what they should've gotten it done. The just gets screwed anyway. Many of us are always thinking about securely retiring while leaving a good legacy not everybody can do it but we're fortunate to live knowingly. 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 are thrilled with having no electric bills summer even driving their electric cars with free power from the sun. Imagine free solar power creating Harold clean renewable energy while leaving a better world for our children in our grandchildren. Solar is an ideal retirement plan. You take the state and federal tax credits now while you're working you have high income in the and you enjoy high returns for the next twenty to thirty years. Don't put off investigating solar power the returns could be incredible call alternate energy right now. An 8559120115. That the 559120115. They'll give you a free. Expert solar analysis the name of the company's alternate energy and they did serving new englanders for forty years their phone number one last time he 55. 9120115. So the NFL has decided that it's okay to advertise liquor. During football game it's well I'd. They have they always had beer. Yes it's on producer Budweiser has been the biggest advertiser in the NFL for awhile now talker right Alia it was two years in two years. And the NFL is saying that they are going Q what changed their advertising policy to allow for. Distilled spirits advertise they will say. There can be no more than 432. Hard liquor spots per game now okay. So they still won it people limit on it. And they're all saying that the ads have to include a quote prominent social responsibility message which is probably something like don't snowmobile while drunk. Did you know that you're not allowed to advertise condoms and other forms of birth control during NFL game of beating up 2000 see Alice commercials right right. And they are they'll get there was bathtubs that they're sitting in that's what I wonder. The the they won't allow use to advertise during an NFL game I guess a big thing news. Mixing vodka with an editor energy drink that I guess I don't think it crystal ball flocked that's that's it. Accidentally I avoid those I don't know if you my friends drink a lot of those nights when a sellout which you mentioned hangover yeah that's why I had terrible. I don't tricked you you get. Drunk and then your wide awake he can't get any sleep it's an opponent to our Netflix here have like a bunch of vodka and six coffees C not allowed to advertise that. GNC. They which. I think you've just like nutritional supplements or they're not advertised not regulated and it sent other supplements are. Late generally pretty crappy now because they've banned NFL players obviously from all these substances so bevel these banned substances and and and they just a they youths. Yeah but generally care. Who who advertise mr. football player I don't either you know I do finally the whole condoms thing kind of fun because it's like how many Viagra commercials right perform. Now it's late I've seen enough of this late. What are we doing here now I honestly I've already you see less now because of the liquor commercials. Instead of Viagra of the I'm not get involved and BO I'm not get involved and missed. There's the pot hole in the line. Amazon fights Wal-Mart for low income shoppers you know that Wal-Mart gets 18%. Of the food stamp business. It cross country of one of the biggest up proponents of the food stamp programs Wal-Mart absolutely gets so much revenues. Who 50% of Wal-Mart shoppers are on government to live with wall. Art it's one of those things where. Welfare programs are an existential problem and they need them in order to continue to survive the way that they have. But Amazon Amazon wants those got hammered on lots of Amazon saying hey look you know making. Copies of discounts with the gonna be doing. Is they're going to be offering you discounted Amazon prime membership. At 599 a month compared to 1099 a month war. People with higher incomes and I don't know. What kind of verification do you think they have to go through in order to prove. Tennis I don't know man and iron in and you wonder if you can't use a snap card on Amazon.com. No you can't use one note that you really can be mean you can exchanger snap card for cash. In an Amazon I didn't notice they have 101000. Cash deposit Torre's around the country. 101000 physical so let's say you are broken you can't have a credit card because you just the year your financially incompetent. Well then what you can do is you can take your 400 dollars to a man is on. Cash account. Put it there and then ordered deliveries for me and his opponent this produces any backlash for people who were paying full freight. For the Amazon primacy look like and I've paid you know five bucks a month that people care. The people are so hooked on Amazon I don't think it's truly don't know what's gonna do it on canceling my prime service because this I think it's also something where they're pricing power I think Amazon if Amazon increase my price by ten bucks I could care because that's rather remarkable they've gotten that. India remains to be very price as it used to be less money they built their business on being cheaper and now like the fact that we were having this conversation where they might have pricing power. I alone I really is and you might about it I think that people. People I know being careful I'll tell you what you have to be careful when you shop on Amazon has a lot of their prices or rip off I've been doing some comparison shopping outing and I. You to be careful here and Amazon shopper they don't have the best price very often like that much to Amazon is like that company that they could run over your dog with one of their trucks and he'd be like. He'll still stay there still got the package here into packages on time dog shouldn't have been there gentlemen dog food subscription yeah yeah. Up next to us the answer you all the dog oh dog RS stopped listening enough. Up next will be joined by John blank. From the stack for talking about two stocks and we'll have the answer to a trivia question from our insurer match dot com studios. The financial exchanges lie. Bond FaceBook so make sure like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Hi this is very Armstrong and like Q I'm watching president trump lay out his agenda very carefully because I know the decisions he makes may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older and duties may seem like he popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call 803934001. Get your free guide and learn the truth. About annuities that's 803934001. We can download the guide right now at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer -- agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers lake you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry like your bella Plymouth rock and more. Their relations were all types of insurance and continued time stress the money with just one phone call and one relationship. Call today 84499. Match or go online and ensure a match dot com. Barry are strong here and I'm joined by Jake too who's a 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 with what is your message to the young couple hours to somebody's out there looking to purchase their. First time home. Yes so you know for first time home buyers what we are telling them are a couple things one be patient. Yes you know we we see a lot of first time home buyers who were making five and fifteen offers two for fighting house now and offers except it's extremely. Okay. And so they have to temper their expectations. Oftentimes you're they're paying more than other half the U. Pay more than the asking price and a minutes is quite common right now in and in some cases are actually having to to research other towns rooted in. Considered first because. Youngster and I 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 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 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 that you still have the security of a fixed rate mortgage. Would I bot. A home. And when I've refinance my properties have always used leader bank near terrific bank you can call them to hold 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. If you missed any part of today's show not to worry good financial exchange showed dot com and click the listen. Then click on the mend and catch up on every segment. You'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show does come. Mean I'm from and this segment of the financial exchanges brought to you in part by liter bag it's not too late to get a great rate on a home mortgage leader bank has some of the most competitive rates around. Call 8776917. B 900 or visit leader bank dot com for more information. The code name for the allied invasion of Normandy on June 6 1944. Was operation overlord. The winner on this question was Jim from Quincy Jim is taking on the 25 dollar gas card to mobile as his prize. In our trivia contest is brought to you by the Armstrong advisory group join me and Barry. At skyline at water place in Providence on Tuesday June 20. For educational that it will discuss the market's performance to date. And you're about tax efficient investing. And the state planning space is limited so reserve your spot today at 80393. 4001. That's 803934001. John Blake from Zacks joins us now for a little bit of stock talk in John thanks for joining us. Donald struggled a bit about Western Digital this is a beat computer hardware manufacturer I'm not mistaken correct. Yeah that's that don't let them do they really go through. The economics in the stock picking behind hardware like western get a digital space than Parker. Is this guy's business that property market. This a little bit of a spooky business there been a lot of companies that have moved out here because of the the margins in this in this business. That's exactly within that margin as a negative in this business a bit and that's been one of the points we're gonna get it is you know don't do it appropriately you've got to place the hardware and the software and that's the good example of where their dominant stage from just pure market so scale and a and a packet up companies. Senate bill improved Toshiba which is in trouble right now for a young related business of whether they're just going to be one of the survivors right. So that's kind of what you're looking at as they've got kind of the cleanest business on the books and because of that you think they are the best bet here. Absolutely that's what I think commit if you look at them at upright earnings ratio of about twelve hours of the industries which is about sixty. Right so that's the that's a decent second but because of the risk in the lower margins their price to sales which usually. There's another metric you are lucky end of one and half of that and the stock will get little to lose in our company is much higher than that. And that type of builders to so the value of the company's there they didn't look very good at. You look good stuff like this which is now that body back here. The earnings next year there is looking at ten dollars and seventy cents a share of how the partners are great that. Then eleven garbage on that the 1090 but you can buy provided by the speaker so. Looking at this company and and any potential downside for them how to think is there any path where they go from being. The industry leader to a company that has been. Absolutely clearly it's evident in this process put this stack itself in this stock was a 150 dollar back in early 40s50 in that it would panic started out at all. Forty bucks to cheer so where people turn to solve on this whole business around the economics of this business. Or around the idea that there's going to be a I think I'll typically agree open. The group adaptor that valued I think that these types decided to camp. Gergen will John we've got to run but thank you for the time and we'll catch up with the soon. John Blake from Zacks in the company we are talking about there Western Digital Corp. with a ticker WDC. Now risky play. It's I mean that as John mentioned it's it's a company that is one of the best in the business but it's just a sector that you've got to be able. To weather a little bit of vol volatility here and it's it's you know this is not utilities'. Right. Who their big customers. You big customers we need to sell and any type of enterprise solutions so they've won their big customers I would be surprised Amazon is a big one for the apple probably is. FaceBook and in all your big companies that are buying a ton of servers these guys are supplying a lot of drives for those servers I would imagine. Mixed bag on the markets were closing out the hour with the Dow down 26 points the S&P is down three NASDAQ in positive territory it's up one and a half. In crude oil trading at 4716. Enjoy these little gas prices. Can't say how long they'll be here but anything to Tony gallon for gas not too bad. Thanks tuning in to the financial exchange for march or match dot com. Hi this is very Armstrong and like you I'm watching president trump lay out his agenda very carefully because I know the decisions he makes may affect my clients on the fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older and duties may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call 803934001. Gig you're free guide and learn the truth. About annuities that 803934001. We can download the guide right now at financial exchange showed dot com. Judy suffered through securities America incorporated member finreg SIPC and advisory services offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and the lowest number 449250. Subject to credit approval leave your bank a step ahead your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917. To 900 that's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and analyst number 449250. Subjective credit approval leader bank a step ahead you're financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer mention agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered will also dig out all the discounts preferred customers late you can qualify for call insure a match to compare multiple rates in carriers at 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry Laker bella Plymouth rock and more. Their license for all types of insurance can continue time stress the money with just one phone call and one relationship. Called today they. Is that he had to pay a higher rate of taxation. On assets that are held a sea of a brokerage account and it has dividends and income where you have real estate in this trust. It's got rental income is it true. That win assets are held inside one of these Medicaid durable global trusts that the rate of taxation is higher. If the answer is its faults but again. The misconceptions. Rise simply because there are many kinds of your vocal trots out there and so. Yes there are irrevocable trusts that are not grant toward trusts and to result in paying. Taxes at a higher rate that's a somebody if they have one of these durable will trash they should. Verify. That is in fact a grain to port trust absolutely go back if you if you been paying taxes at a higher rate go back here a draft. And make sure that you asked him is that he grant toward trust ours. Our current tort trust so what does that mean in English that means that all as you said bury the capital gains the interest the dividends the rents anything that's generating income in this trust is taxed to you. As if you were the owner for income type of thing so it just flows out of the trust and gets picked up on your personal return. Absolutely no higher taxes get the facts about protecting your assets avoiding probate and keeping your money in your blood line all while reducing your state taxes. Requested brand new guide from Cushing handle it's the top misconceptions about Medicaid. Irrevocable trusts 8668485699. And download the guide right now by going to legal exchange showed dot com or call tool free. 8668485699866848569. Whether you're celebrating a milestone toward diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally we just make sense give leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead as we get older the same claiming becomes that much more important and if you have loved ones or friends that may need nursing home care. You need to protect yourself and your assets the best way to do this this through trust. But don't listen to the bids about having to give away all of your assets or control over your trust for the best on which as you may have to ask permission from your trusty use your own money you should know that none of these statements are true. You don't need to give everything away you can stay in control and you never need to ask for permission to use your own money Cushing and dole and the experts and elder luck have written a brand new guide top misconceptions about Medicaid or rev a couple trusts. This guy details thirtieth the most common misconceptions about estate planning and you can get yours today by calling 8668485699. That's 8668485699. Or you can download it right now on our website at legal exchange showed dot com legal exchange showed dot com that website again is illegal exchange showed dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinancing is all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank a step ahead. If you're real estate or property management company you need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real state clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as their banking partner or call 8776917900. Or email BDO at liter bag dot com for more information member FDIC equal housing lender. This is the financial exchange with Barry Armstrong and sharks are. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day it's. And now the financial exchange with the very Armstrong and chuck Exxon. That's tough data makes sense of what's going on in the markets and get the Dow down 25. Points oil's trading down 4716. A barrel. Ten year treasury note copies to fourteen hi everybody it's Berrian truck with you on a Tuesday morning in all of that this ten year treasury to fourteen and gosh I think I remember that very recently being the size 258. Yet ten year treasury had downed that 214 level Alitalia. It's something that if you're watching this market. You know you sit there and you say and and again it wasn't that long ago we can go back. To. What's he looks like 510s about three weeks ago then on May tenth with a ten year treasury above 2.4. Okay. And if you're watching this market that's rallied a little bit over the last couple weeks. This is something that can give you a little bit of pause because there's not a confirmation and treasury the treasury market is not saying all systems go treasury markets and a treasury are further information in a cure is. Well and we get the you know we get the big news next week from the Fed. As a relates to another rate that would be Wednesday afternoon 2 o'clock. Wheaton is the announcement we get back coming out in eight days one hour and 53 minutes if not that anybody not I have a countdown set up just track this it's like they're in height and yet right now we're in 91 point 2% chance like that so it is it is pretty much all systems go for the Fed next Wednesday and reached should be moving up then. Little bit more in question when we look out later this year. New homes that are being constructed are getting old little bit smaller and his first time homebuyers. Are moving into the market program amaze me the down. The the median size of the new single family home. Slipped by a scant 2% to 2422. Square and it's a big house. It's got to get smaller in it does in the got to continue to get smaller it's you look at it historically where we've come from. And historically US houses that work you know I think I'll pull up the the data right now here ago. Back in 1983 the average home size was 17125. Square firms about the size of the house that I moved in to do that I grew up it. As a kid you lose a three bedroom ranch and then we finished the basement so he had another community got more space by finish in the basement but who's a very small but yet we've we've continued to add additional space in our houses even as our families have gotten smaller Americans like a big really big cars we like big meals and I those big house I don't think we let people know you know it seems like we think it seems like we're trying to figure out ways to like get away from them even in our own house like how can I stay away from like that person who want supposed to be married to. You know what. What's with the weird weird not weird just an interest in statistic. In the years 1990. Through 2000 a lot of those were hard years you'll remember many view that did the early 1990s were recession years. In those years 19932000. There's a million homes constructed each year. You go back and during the last five years struck home builder totally completed an average of 6121000. Holmes yeah it's it's been significantly lower. Construction going on in the last couple years and really seven us fires a great match and you look it's just. It ended in the demand. To your point right to say the they do census data on this. They demand for homes in the 14118100. Square foot range saw the strongest growth last year that's of people that that's that's where the days that demanded this. And it was followed by the 1912400. Square foot now. Yet in I think what you're seeing as you mentioned. There are a lot of people that want to get into those smaller homes on the first time homebuyers but we talked about the economics of it at the margins aren't there for builders and a lot of parts of the country like. I don't know if you're going to see those kinds of homes. Ever become so he sees somebody who won Kitna five bedroom called hope not that seems to be who or they just continue to rent. Yet that's what I'm seeing more often than on is that there that's going to rent. Now I I don't think you're gonna see if you if you're educated and affluent. You're gonna run the numbers in news today we haven't how many people are actually educated and hopefully it you're talking weren't weren't more people go to college and before but they're not all making money. How many times we've heard about person with 80000 dollars in debt whose ovaries that start and you know I think that's changing the track I think the the pendulum has swung make if some pretty good jobs were not seen the wage growth. Net two and a half I says no way you view this like I just I I I get I totally get worried what you're saying because these people are going to rent for ever been. I don't see as getting over that hump right now this is wage growth isn't there at home prices continue to go well you know pop up in life now. You know Donald Trump has been huge boost to the New York Times did more digital subscribers than they've ever had. Turns out Donald Trump is also helping out MSNBC. They've surged to an unfamiliar spot. Number one in prime time but I will reiterate their number one in prime time 2554. There's still lose in the oval that they know what to do now they're in first place. That is kind of I I kind of like the dog it's chasing the car that catches it is like now what I don't be viewed it makes cents and he'd do well. Liberal. Television is gonna do well when the other actions. Stations always do you know box did very well during the Obama admin corruption right right now. And and MSNBC did very well during the bush administration and now they're killing it. They absolutely crushing your Brian Williams Rachel madcow is I guess kind of lead the charge she's there. I guess she's the beacon of MSNBC. Yen in and that's what you're seeing is. You know it got her in that spot and they do as you mentioned they right now are up. 118%. From a year earlier but 2554. Fox is still dominating in the overall and CNN to fox skews a little bit older yeah CNN is doing well there are doing better as well but they have picked up as much market share as MSNBC. Yep the people watch CNN has sat in airports now I don't know who watches and it's. Greta van Greta Van Susteren has has struggled. Since she left Fox News. Brian Williams is doing well his resurrection is completely kill him or 11 o'clock at night are we sure he's actually doing lowers just telling us that he is doing well. There now they may Brian Williams show brought MSNBC. Its first outright win in the 11 PM time slot since 201. Did an outside source confirm these ratings at. These are drivers just like it here. We have a story out of Rhode Island that we need to cover in control and if you drive down 95. You'll see their sign right on the highway I think it's in west war. They were purchased by Worthington Industries yesterday now Worthington Industries is not a big companies to two billion dollar company. Not not a huge company and and Troy as you mentioned is being sold. Two Worthington Industries for 283. Million dollars. Worthington and it then came out and said that they quote have. No immediate plans for layoffs that means hey they might not be happening today but the media just means not today they could certainly happened on the road here's here I. I did some further reading and Columbus paper because that's a Worthington is based out of and they think they can save eight million dollars that's all and come out of sea suite which means yet. HR premier exacts H are you don't need to CEOs you don't need your agent artists but you're not talking about a huge company don't hate to IT departments no the eight if they can cut eight million dollars and exits the reason they bought it was. And troll has 400 employees. In Rhode Island. But they have 800 employees in Portugal in May have access to the European markets and that's the thought is. That Worthington bought and troll because of that European though posting. It could soon take it's that it could or would turn out to be a very good acquisition now I can't tell you. You know if you're among the 400 employees it and troll in Rhode Island night I don't know your job security is but what I can tell you this I think. The initial wave of cuts will be in the executive which is always tell it always does it it's. You get rid of the redundancies and H yard you know you're CEO CFO we don't need to those. You get ready to finance departments to IT departments and called a day in and work from there now be it it's not an uncommon story. Up next will be joined by Lydia Ramsey from business insider. Various states across the country are taking the approach of trying to limit and restrict drug prices and controlled drug prices. Lee you'll talk to us about would different states are doing that and more from our insurer match dot com to. Barry and chuck have the latest every day beginning at ten only here on the financial exchange radio network. As we get old estate planning becomes that much more important hi this is very Armstrong and if you have loved ones or friends that may need nursing home care you need to protect yourself and your assets the best way to do this -- -- trust but don't listen to the fibs about having to give away all your assets -- control over your trust where the biggest thing above all which is you may have to ask permission from your trustee to use your own money I want you to know that none of these statements are true you don't need to give everything away you can stay in control and you never need to ask permission to use your own money Cushing and -- the experts in elder law ever in a brand new guide called the top of misconceptions. About Medicaid irrevocable trust this guy details thirty of the most common misconceptions about the state plan in you can get yours today by calling 8668485699. Or you can download it right now on our website legal exchange showed dot com that's legal exchange showed dot com or toll free 8668485699. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer match agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's 84499. Match many of our listeners don't know home and one or two cars that that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered well so they get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry -- -- -- Plymouth rock and more. Their relations for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today 844 of 99 match or go online and ensure a match dot com. I this is very Armstrong and like Q I'm watching president trump lay out his agenda very carefully because I know the decisions he makes may affect my clients on the fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older and duties may seem like he popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call 803934001. Gig you're free guide and learn the truth about annuities that's 803934001. We can download the guide right now at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. If you're real estate or property management company -- -- -- banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies -- leader bank as they're banking partner call 8776917900. Or email BBO at liter -- dot com for more information member FDIC equal housing lender. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there are just bow and go to financial exchange showed does come in castaway. I about drug prices. Rarely does a day go by where you don't see story related to the high cost of prescription drugs. We're joined by Lydia Ramsey from business insider to talk about what the states are doing various states across the country. To combat Hydro prices highly Bihari. Any and gray area. Terrific so what are states doing across the country. To combat high drug prices. It yeah I am out there about him when he ear as they had a different level of legislation happening to frank hadn't needed. I am gonna come back I get it. Back at that you built tend to be. Where my information and Jack is Adam AMBER Alert them and that in the jet. Industry and that can get a lot there like art and indeed it didn't take on a. You know when I think about drug prices I think about Medicare and I look at that is being more of a federal issue as opposed to a state issue. Sure am active electorate it here at your app. Lot. You think are great and as they acted. Hey let them pay and and that and bad that story now and there I am. We'll. Get back at them like little local level they. The spot and go to and where our national stations take a look at our. Give us an example if you could have a couple of states and what they're doing. And yet the limit in England I. Am angry at what. They are in day. Vatican but at state and taxi. And Judy bell and I hit it basically a bill about. I beat interconnected in particular that in particular in and get a Mac. App. It very Arctic decade and the president. On average reader. In. That I think that black. Peeling back pocket back. Seat and it and legislation Q. I I think we can't see. It and it hit it a couple of different carrying out at the EU another pilot and and basically ankle made it yet and I. Pilot jet made an. Employment law that I struck. I am and what. But they might be a the a batter and how. It got better and you know it really are at level. Right see guts. EU you've got Nevada taking that action. What what other states are are trying to tackle this problem. Sure am yeah another. They expect at the idea back in no banner. Out bringing tried and it the markets but stay up Ely and and the at a ideally want it you patent cap. I rebate tired how much Medicare Eric and Eric jet. It's better. Program. At the pay patent out of pocket. The BA at and particularly get pretty heavy rebate at that Eric is much. Other government and the program. Is it a Hyatt and that you admire I am. Be determined to pay it out well it if it and didn't pack after him 190 Alec and and lobbying I am that. The better at about it would it be determined but is it that got it's a really big expert how we look at our mr. All right well so it sounds like it's a story to be continued. Definitely a lot of it is still up in the air levels and the pac. And how. Mine in Ireland act I am after that ever expected you that in a lot out but each LA area that mine in demand on. Very good Lydia thank you very much for your time we appreciate it. Lydia Ramsey business insider. States trying to patrol drug prices I think they're have a tough putt because it's I I look at that is being. It that's a Medicare issue today in a it's going to be music it is shameful. The Medicare does not negotiate drug prices with the VA does. I think at the end of the day that the biggest thing that I want to see isn't so much. I'm not a huge fan of programs and disable it you pay this much and that's all we're going to be for drugs is I think that close off options. But I do want to see states that try to build programs to create incentives for either doctors or patients. To use lower priced drugs or lower priced treatment options okay. Right now we he's an addict and a federal if you may I make he would have different life care. In New Hampshire as opposed to Connecticut. Well that's what we've always historically. In the states have always done their own things on health care you'll get Massachusetts when they went to right. You know mandate for anyone else you can now Vermont's than some things that are costing them both side most health care's consumed by people 65 plus that's why look at it does affect a lot of it is you who are all the money's going on it's it's not going to fifty year old has not gone to twenty year old school and a 65 historically yes what's interesting is with a lot of these orphan diseases where. You know it's it's things that you know. Drug companies typically haven't targeted because. They it's yet to small population while those are more they're looking kind of lifetime things which you know things. Were in cystic fibrosis things like that where it's it's not huge populations but you can start target them with some of these new therapies. Those tend to add cost along the course of people's we talk about. The advances in Pepsi treatment over the last couple years right that's not something that's affecting people in their sixties typically it's thirties forties and fifties a lot of times so many of whom are incarcerated is so I think a lot of those costs are starting. To come a little bit earlier now we know that'll put the majority of the costs were only 80% of care costs come in the last five years but that's life that's right look at this. You can address the sub 65 if you want. With the money eat it you know money. The real savings or 65 boys in theory if you're able to get drug prices down on Medicare you can actually top doctors more which we know they all want so in theory that would be nice trade off. Good luck and good luck. There are. Three nuclear power plant's remaining in New England you've got Seabrook in New Hampshire you've got the one in Plymouth and program. And then you've got millstone in Connecticut. And the millstone owners dominion resources which we talked about we actually reviewed their stocks in about a week ago we out. I guess they're considering. Closing the millstone plant if legislation fails in Connecticut. Yet it they're trying to find some way to keep this open it sounds like. But it's unclear if the legislation is gonna come through Connecticut in order to keep the right level of funding there. And part of promised if trying to find a way to get. Cheaper power into Connecticut is this isn't necessarily as cheap as you seeing out there from other sources and that's the problem that the it's cheaper. To go and we've said this time and time again natural gas is a more economic method. Of creating electricity than nuclear power. It is and and again it's it's also you talk about the long term safety issues now you have a news you need to figure out what to do with all these tons of spent nuclear fuel. That right now we're just sitting around in pools in nuclear power plants waiting for some that someone to figure out what to do with them. With a remarkable track is millstone accounts for 59%. Of the power consumed by Connecticut utility customers this according to dominion. In birthdays and they have a thousand workers at this plant was built back in the 1970s. It's an eyesore it's on it's it's on coastal Connecticut. Right opposite old black point yup and it's you know I know the people that live in the area would love to see that come down and indeed decommissioned. Has been around for 4050 years now and how long it takes to decommission and yet I clearly it's on life support. I think whether it's around tenure sure I I don't think this plane is open and producing electricity continues. A lot of times decommissioning might take anywhere from five to ten years depending on how complicated issues. On Antoinette and I are you mention that there's about a thousand people working there overall when you include the support industries to about 3900 jobs overall. In an area that's economically depressed yet that area of Connecticut is still economically depressed yet. Then we have a story about Hearst. Acquiring New Haven and New Haven register and other publications. Further consolidation in in the print media space here 01 picking up by as you mentioned the New Haven register his wells couple other. On newspapers that they own here. The acquisitions are going to reach about 470000. Households about one point four million. Unique online visitors and it's just another company ending up under that Hearst umbrella which if you've ever tried to visit some of their online pages. They're not necessarily the best all right. Well the markets are open we're in negative territory Dow down 31 points when we come back we'll have a trivia question for you from our insurer match dot com please. You've got to Barry Armstrong. Extra on the financial exchange radio network. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing an excess of 500000 dollars offers fixed or variable rates for both purchases and refinance this all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visibly your bank dot com member FDIC equal housing lender and MLS number four corner Dubai zero subject current approval leader bank a step ahead. Hi this is very Armstrong and like you I'm watching president trump lay out his agenda very carefully because I know the decisions he makes may affect my clients on the fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older and Moody's may seem like he popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call 803934001. Gig you're free guide and learn the truth about annuities that's 803934001. We can download the guide right now at financial exchange showed dot com. Security -- -- securities America incorporated member -- SIPC and advisory services are offered -- securities America advisors incorporated Barry -- representative Armstrong advisory -- in the securities -- companies are unaffiliated guarantees are based on the claims paying ability of the insurer as we get -- the -- -- becomes that much more important and if you have loved ones -- friends that may need nursing home care you need to protect ourselves and your assets the best way to do this -- trust but don't listen to the kids about having to give away all of your assets -- control over your trust -- the best -- which -- you may have to ask permission from your -- use your own money you should know that none of these statements are true you don't need to give everything away you can stay in control and you never need to ask for permission to use your own money -- and -- then the experts and -- -- have written a brand new -- top misconceptions about Medicaid a -- -- trusts this -- details thirtieth the most common misconceptions about estate planning and you can get -- today by calling 8668485699. That's 8668485699. Or you can download -- right now on our website -- legal exchange -- dot com legal exchange -- dot com that website again is illegal exchange -- dot com. Searching for the best savings rate leader bang -- account has a two point 05 AP and that's just one of the perks qualifying Zuma customers receive 1% back on debit 10% bracket featured businesses and reimbursements brother bank's ATM fees to learn more about Zuma accounts call 8776917900. Or visit leader bank dot com minimum deposit to open under an annual percentage yield ten dollars two point 03% interest rate mess residents only he's been reduced earnings rate subject to change without notice member FDIC leader bank a step ahead your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends -- the -- -- -- agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered well so they get all the discounts preferred customers link you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more their license for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today 844 and 99 match or go online and ensure a match dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Or visit leader bank dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinancing all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917. To 900 or visit leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subjective credit approval leader bank a step ahead. Like us on FaceBook and follow us on Twitter that's TSE show. Breaking business news is always first right here on the financial exchange radio network. On this date 73 years ago the allied powers crossed the English Channel and landed on the beaches of Normandy were doing trivia based on. Which general commanded operation overlord he know the answer that question be the first listener to text us at 68680. He'll win a gas card if you're number one on the list. Which general commanded in operation overlord again our text number 68680. In the gas card is worth 25 dollars. Virtual reality finally catches on with businesses would be great application. This is the you've got everybody from. Brain surgeons to truck drivers using virtual reality to learn their trade. Yet been a bigger hit with businesses right now than with consumers one of the big reasons. Is because the computing power required to use a lot of these machines and is pretty significant it's it's too costly I think for a lot of uses by individuals right now but. You're seeing as you mentioned you have surgeons that are able to go win in practice procedure before they actually go and tried on patient. You have drivers who were able to learn. How different pilots handle pilots. The eight get a number of applications using it in now with sports seeing a lot of sports teams that are you know trying to use this as a tool. To give their players more experience with how we actually practice time he had it in baseball to try to. Understand how pitches hurry. You know leave her for batters football's one of the the the big ones where you're start sealant application wood well how would use it in football I was trying to figure that out so what they're doing is they are using it to give an example be a quarterback who union defense okay and they're trying to measure reaction time for him to identify that deep. It's so it's you know press a button once you know what what you think is is out there and that way they can identify how quickly quarterbacks are able to assess output in the process because that's that processing speed now and it you're also seeing that again you know you talk about pilots it's look how quickly can you process what's going on this gives you all probably thought it. It gives you all the data with none of the risk. Now needs. Is it what will happen is it'll get used a lot more by private practice and then invite private industry. And then it would get integrated to to society the mainstream uses for society. Still probably three or four years sporting events I can't wait that's. That's that. I can't wait to go yup and watch a Bruins game in Montreal from my couch with my virtual reality hits and amen corner at the masters you know you have a hundred dollars you get to see their for the day now I can say Elena stand right next to the coach brightly at this stage the that what you're going to be able to do is is is going to be pretty remarkable. I wanna invite you to an event it's two weeks from today. In its at a place called the skyline. At water place it's in Providence, Rhode Island it's going to be an awful lot of fun. It'll start at 5 PM. And we're gonna serve dinner they'll be complementary valley that will be parking your vehicle for you if you so desire. Todd what ski from the legal exchange show will be there he's gonna talk you about some. Anticipated changes to Medicaid laws in the state planning laws and tax laws. That are coming. Trucks ought to will join us and he's going to be talking to us about the secret sauce in terms of designing your own investment portfolio. And then I'll be there I will be your host I'll be the master of ceremonies for the event. Again the event is on June 20 that's two weeks from today to Tuesday night. At 5 o'clock the place is called sky line at water place it's a wonderful spot it's one of the best restaurants. In all Rhode Island to be a lot of fun I hope you'll join us. It's free that's the best part points to do was call my office 80393. 4001. You can sign up and will. You know the old saying truck there's no such thing as a free lunch while others such thing evidently is a free dinner free dinner at least there. On on and this is all brought to you by our Rhode Island affinity affiliate WH JJ thank you very much. Ronde your team we're gonna have a lot of fun and two weeks from today it's June 20 skyline at water place. Again the phone number to sign up is 800. 3934001. It's 5 o'clock that that day and we'll have you out of their by seventy miss the traffic on both ends. 803934001. You're fired when doctors let patients go it's happening more and more often. It is odd nine out of ten primary care practices. Have dismissed at least one patient in the past two years and biggest reason for this is because of notions patients who have an appointment book that they don't show up. And we all know especially in the New England area how hard it is to get a primary care physician are all new permits jammed out their schedules are packed in and so. When you end up with no shows eventually primary care doctors say look you can show your wasting my time I'm not gonna do it and. If Iowa and it's it's not easy to find enough one with the doctors are evaluated. Based on their improvement of your care is so into your health so. They if you start missing a scheduled appointments if you're not coming for your hear your blood test if you're not coming through therapy. I can understand like if this is just root you know day if you got an appointment scheduled you're supposed to be some place at 230 right you show up you show up yeah eighties the you you show up ten minutes early he should be lucky to be of the see a doctor Wright your a lot of country can't get see doctor at all rail like it think about like how lucky you are to be in a society that has capable. Doctors practicing medicine you know there's a lot of places in the world when you don't get that you better show up. Makes a lot of sense. Studies question the value of costly. Cancer drug company nations now. Altay I'm a big proponent of drug research on the big proponent of prescription drugs seats they save lives. But there are cases track where you have to ask yourself gee we really get their value for what works that. Yet in this case the combination of buy drugs from Roche and pretty much what they found. Is it 94 point 1% of women receiving the combination and stayed free of breast cancer three years after the start of treatment. Compared in 93 point 2% who received just one drug alone. But the two guards combined cost twice as much a 158000. Dollars vs 74500. And as a marginal amount of improvement again one it's an extra 1% they're not you're now 1%. You say it will be yeah I'd I'd I need to make sure I'm getting this. The problem is we it's it's tough to evaluate who that 1% is both forehand. And a lot of other countries are saying we can't afford this well what what Sweden does Sweden. The Swedish version of the FDA and approved drugs not only. On there. The their safety but also on whether or not they represented often an improvement over the previous generation to justify the price okay we're never gonna see that here. Probably makes cents to do things it probably does we will never see it here. Harvard is probably one of the hardest schools in the country to get into a bit it's thought I was gonna say it's the hardest school in the country to get into but that would then chipped about serves its Q would you make acknowledged that is in the top ten. A lot schools to get into enters and difficult what level school. Just any column for me to say good thing about that any any university in the yeah Harvard Harvard Connor and Harvard is a very very good school top ten probably top five. Well you know at 1010. Incoming freshmen these were kids that were accepted to Harvard. And they got the boot the these they had their acceptance letters that must either financially packages. And they were they received a letter of rescission Harvard writing these ten students saying you're not coming school yen pretty much what these. And has done they'd posted a bunch of bust up on social media. Making fun of me of various different groups anything from sexual assault victims the Holocaust victims and so forth. And Harvard pretty much said yeah you guys aren't coming out of Harvard find out about. It's not hard to find things on social media you know someone re posted all of a sudden it ends up being shared with view. I continue to be amazed at how dumb people are when it comes and so like this the golden rule of social media is think of the worst thing that could possibly happen. And then don't say it anyway it's like you just like you just don't do. Imagine you're the parent of one of these kids got accepted to Harvard packer. And then you get this letter shows up in the right now that we're expected to that Oprah sofa Dartmouth disciplinary. Darvish would never let these kids and to begin life. Noise that you do wonder though lately we got a doctor sees room and our library you better believe I'd ever I've never seen. This occur have you have you seen recession letters like this school up before I've succeeded like for violent crimes and things happen. Think it's very rare you ten kids in one class they only have about 15100 kids in the haven't seen quite. This same situation I've seen situations where you know fraternities will put stuff up their sororities I've seen one where you know there's a girl soccer team somewhere that put up videos of hazing on FaceBook. It's like how dumb can you possibly be now. Like you don't put up a video of late he's in younger students. I don't I've seen something quite like this I've seen a lot of companies that have rescinded offers because of social media things now and I've seen a lot of that that's gone on. This is the nature of the beast now mean it is it increasingly important part of the world for a lot of folks up eight. Don't quite understand why it's like most people don't really listen on social media there's gonna yell into the abyss but. To each their own. The apple developers conference was held yesterday and they unveiled some new products and some new concepts that they are going to be making available for sale. Scott Stein from CNET will join us to talk to us about what is coming down the pike from apple next from our insurer match dot com studios. The battle over the trump agenda continues to affect the markets and get the latest info on the sectors that are benefiting and those that aren't right here with Barry in shock on the financial exchange radio network. Hi this is very Armstrong and like you I'm watching president trump lay out his agenda very carefully because I know the decisions he makes may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older and duties may seem like he popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call 803934001. Get your free guide and learn the truth. About annuities that's 803934001. We can download the guide right now at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. As we get older the state claiming becomes that much more important and if you have loved ones or friends that may need nursing home care you need to protect yourselves and your assets the best way to do this this through trust. But don't listen to them fibs about having to give away all of your assets or control over your trust or the best on which is you may have to ask permission from your trusty use your own money you should know that none of these statements are true. You don't need to give everything away you can stay in control than you never need to ask for permission to use your own money Cushing and dole and the experts and elder luck have written a brand new guide top misconceptions about Medicaid or rev a couple trusts. This guy details thirtieth the most common misconceptions about estate planning and you can get yours today by calling 8668485699. That's 8668485699. Or you can download it right now on our website at legal exchange showed dot com legal exchange showed dot com that website again is illegal exchange showed dot com. If you're real estate or property management company you need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a -- of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies -- leader bank as they're banking partner or call 8776917900. Or email BBO at liter bag dot com for more information member FDIC equal housing lender. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends -- -- -- imagine agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered blossoms they get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry Mike Rabelo Plymouth rock and more. There relations for all types of insurance and continued time stress the money with just one phone call and one relationship. Call today 844 and 99 match or go online and ensure a match dot com. Security suffered through securities America ain't member finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Barry Armstrong. Sharks on breaking business news every day right here on the financial exchange radio network. General Dwight Eisenhower commanded operation over more. The winner on this question with Sean from Westfield songs take them 25 dollar gas card show us his prize in our trivia contest has brought to you today. By the Armstrong advisory group join me and Barry at skyline at water place in Providence on June 20 that's Tuesday for educational dinner. Will discuss the market's performance year to date. Endured about tax efficient investing as wells a state planning space is limited so reserve your spot today 800. 3934001. That's 80393. 4001. Scott Stein from CNET joins us now it took a little bit about Apple's announcements from yesterday's Scott thanks for joining us. Scott what so let's let's start first with this this home pod device seems to be a pretty direct competitor. To some offerings from Google and Amazon. What's different what's the same. Now home I'd is going to effect on. Our am not morally it it basically at. Audio on it in our field but it also meant he would appear here. Audiences. And that is what apple selling it or something like owner. Is that why it's so much more expensive than the other options from Amazon and Google. Yeah around 349 and a lot more. It's not you know and home audio they are premium audio product maybe that not so bad. I got a little bit it's still hard at talented government spending great. But I'll tell you one line up against other product would be how it compares. I think that's where Apple's positioning unit hiring an because they're looking at it they're trying to spelled out premium audio well it. When we talk about the use of these devices in the Smart home isn't one of the biggest things holding them back from being used that. Other companies have to develop that ecosystem around them in order to operate you know lighting refrigerators things like that thermostats. Apple's not gonna go out and develop those things on their own someone else has developed based on this product correct. And down right of it or edit an content it connected Smart because of that's not really intuitive you understand. Where they're going with it because. Acknowledge the cook before aren't quite as much a lot of their about the product. Are they may have a different a larger Smartphone strategy going into the all on pod maybe part of that is coming up pretty late in the year December. Apple may be ironing out some of those EL. But yet right now is still a mystery how well home I think that those products. And I don't like apple is almost admitting that right now. Meeting music is there is more marketable angle then our armed. Let's look at some other hardware they're rolling out new ipads coming out even though. We're not seeing great sales from the current line of my parents. Now. That is entirely quiet they were going pro pro pro. Better. All of and I had our Alec you better as they lock up a place. And you look at Microsoft they're. An orchestra coming out and a black what the variation. Apple saying the court. Holding it like it'd only be nice out but I collect on it do you expect. I think that the best series with the opportunity that happened that something and they get that track at. I'm an in Shelley in May that showed that they can have a better stock they had better way to multitasking. At that you sound promising in the software. But. Yes a gradual evolution. And he still has not sit in that met the bank's huge step beyond. What are we seeing in terms of updates to their operating systems I know one of the the things that people were talking about coming out of yesterday. Was further growth and augmented reality how out of their new operating systems help that porch. Well there's until it I mean I haven't allowed people to develop it are better I got to let you upload them. I called earth. Look really good. You know I think apple batting right now. You know clearly a commando last year was a phenomenon they were very. They are a lot of people like that it's been cool that you play what are your. And ate a bad back Google that bad. Apple's pushing that same direction and their banking. Of their own platform. It's going to help you get there it looked really booed at night and they say may end up we went back yet they're allowed all of them around they are. What what kind of features way to work on the things they show in the demo was just as examples of what what it might be used for. Well it attributed mostly trick right out. And they get a look at let them to be looking at Eric technology any virtual lab and Italian plants that aren't able. He could move them around like I'm a lot of the shadows on the other. Looking out eight in light on the table and all the light and shadows look as pretty interesting because it looked more realistic. There's some of the other ones that being. One of the most electable and go out. Or I'll. Oh. It looked like Apple's current views or mopping it advances. Affiliate that it beat a lot of people nearly a good. I'm Andy that he had a Big Brother found in the lead. All right very good Scott thank you very much of the time today. Scott Stein from CNET talking about apples. Product roll out from yesterday do you Syria much. Him. Polling and I've been drinking. He's an in my car radio I'm trying to call somebody that's not the only time I tried I'd I don't really use it yet I just it's never really been something that's. But my gut it theaters not good it just hasn't had a whole lot of use for me like what am I getting used for Rolex series only the weather like why would I need to talk to someone to my wife uses a periodically and it's a doing. Because it's you know she never gets it right you're such a repeat yourself. It's easier to grueling no I didn't want order sushi I wanted to know what the weather was going to be like on Tuesday break. Then the I the very late to the game and the Amazon product that lets you know the competitive product to this has been on the market now for a year Alexa. And people seemed like the election device the LA people I talked to my dad has won and I think he uses pretty very early John Moody who you know comes on the show regularly as a co host. He uses that he loves. He he's oh and he's on the last night sound quality is good you know for care for music and things like that price point is right there was a 39 bucks ago four. You've got an elixir for 39 the dot OK yeah opponent of the full Lex is a 140 bucks 105 corps to this apple device. Is 300 refill if they're going pre but apple always does premium. I nobody at this late if it doesn't do as much as Alexa. Will people pay 350 I don't know. That's going to be more dependent on that ecosystem around. For most important thing right. The market is down but ever so slightly Dallas saw eight points in crude oil is trading down twenty cents per barrel. At 47 point nasdaq's down to in the SEC is down to. Thanks to the end of this hour of the financial exchange for march or match dot com studio.