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Full Show 6-27-17

Jun 27, 2017|

Full Show 6-27-17 by The Financial Exchange

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This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with Barry Armstrong and chuck son. This CBO score is far from an exact science but right now it's the only thing we have to rely on as it relates to drug care. And what the ramifications what their results with their consequences would be. Trump scare going into force hi everybody is Berrian truck with you here on a Tuesday morning wheat bread you breaded. Tell you what we know. As it relates to the CBO but I think we need to qualify that and explain that the CBO score. Assumes a lot of things and not necessarily. Be eat eat you can't rely on this as the only prediction tool used to be your final effective trump here. Known in the CBO just to give you a little bit of background on how they work CBO. The Congressional Budget Office was initially set up back in 1974 so it's been around for about 42 years now that and it was set up. In a in an attempt to try to project the effect of future let of legislation into the future is a bipartisan or is it or non partisan non voters would set up in a balanced fashions of the Europe equal numbers. Republicans and Democrats in key positions of power. But it is required. To effectively. Give its projections for how any Biel is going to impact the future of the country as far as. Finances as far as you know looking at in this case how many people would be insured or non insured. And really it's just to give both senators and congressman. Little bit more info in terms of how to make their decision just so they can have. A non biased source for where they think things are going to be go all right so let's talk about CBO score what did you tell us that we didn't already know. So pretty much. Nothing okay it tells us that the key takeaways you're gonna have less people insured. Okay over this ten year time horizon project some gonna save some money for the country simply because you are cutting coverage for a number of people now okay. If you are a low income person in particular you're going to be most susceptible to those losses in coverage. And in terms of the cost of comfort for people who do maintain that rate premiums may come down somewhat. But you're likely going to see both deductibles and other out of pocket care costs go up significantly. So it's not likely to have a huge impact in reducing the overall cost of care you may see premiums come down a little bit. But you're still not gonna get any help as far as deductibles and other out of pocket expense. You've been making this point from the very beginning Americans in their fifties and early sixties benefited. From obamacare because insurers could only charged in three times more. Being younger Americans. The new bill trump care is more expected to lead. Two premium increases. Of 22. To 13%. Depending on. I actually think it could be more than that but it sounds like. Fifty to 64. In Turkey is is going to be hurt dramatically and it sounds like that groups can be hurt where did they are. You would live there are on the I trumped care or whether there in the private sector if they could be part of a group and that's gonna cause group insurance rates to go up as well. Yeah it into what's interesting here is that if you look at. Kind of an in play out the string in terms of how this could end up working and without the strong individual mandate that we have today whether the younger people likely drop out of the market rate your generation's gonna say look and then the doctor in six years right thirty years old pattern need. They likely say okay where we're dropping out so you lose a bunch of young healthy people. At the same time that that's happening. You'll hope eligible to people who are seeing their premiums bump up anyways because that five to one band and they're gonna drop about one if you're healthy if you're my agent healthy. You're gonna say pain and so all this does is it creates what I think is likely a scenario where you might have some severe adverse selection where we until I people you know okay end up staying in the system as long as they can. But that keeps driving the cost of care well in in here's the thing you could drop out of the coverage right. And then let's say your. 58 and then by the time you're 62 he realized immediately hit the you know I haven't had covers for four years right. Quote all joined back in I'll pay the penalty well there's there's a penalty and there's also some restrictions on how long before hand you have to be able to join back in OK if in the senate bill if you let your insurance lapse for 63 days then you can't buy insurance for six months ago. I can I can hold off on the hook for six months. In theory now. In the year but for things that are more urgently had a heart attack you write what you need open hearts or worry your pain you you're at a lock and then all of a sudden who's on who's on the hook for those types of things when you're going to ER for something you're gonna be taxpayer anyway when you lose your house that rate you're gonna lose your savings. Those those are things that you're gonna lose in the eyes of the real life consequences in this this is why when you look at what is billed dollars and what does it actually do you know like what what what what is actually do that saint a true positive. Saves taxes in the you know a lot of our clients benefit from that they gonna say pay less taxes I think the people that that today we said this yesterday we assume this yesterday. Young people you're generation benefits you're you're young people. We have. Under trump here young people wealthy people bunt OK that was the two groups of people. That need health care the least article okay because they can cover or they just don't need okay. So when I look at what this bill does then you talk about you kind of leave the wave of populism that is come up over the last. 578910. Years now okay you know does this do anything to help. The coal miners working in West Virginia. Now does this do and it wasn't meant what I but but here's the thing. Donald Trump was elected on the backs of those people understand that it is the other thing we have the acknowledge is the CBO part of the CBO score truck was it came out and said look. The insurance market is destabilize street no doubt about it trump care will stabilize the insurance. It does project towards a more stable market but also a significantly small and that's. Well the EU yesterday you wish you were I wouldn't say your quite confident that you felt. Reasonably assured. That Mitch McConnell would get this through the senate I still think he does I didn't really well look at Susan Collins member Webb pointed out the oldest state in the country's main yup. She has a heck of a time voting. Mitch McConnell is a legislative wish yeah I've put. Absolutely nothing past him when it comes to getting to build on and there's very few people in congress that I can say that about that is typically my assumption is it's not going to get done. I've seen this show before yet for Mitch McConnell and again as says yes it would you like him hate him wherever you fall on that spectrum you have to admit that he's incredibly talented. At getting things done through the legislative process and this doesn't have to go back to house. It does boy is it just go to conference committee OK so this has then go to conference committee between the house and the senate. Where the final bill that you end up with that actually ends up getting past. If it does okay. Is likely going to be far different from what we even see here he's still think he gets past I think this bill gets passed that do we end up getting something through conference committee and it finally gets done. I don't know that necessarily easy gets through the senate thinks this bill gets through dissent. We have I got a question poll question this was. Fairly heated debate yesterday and I promised you we would make it poll question today. Do you think that trump care will increase age discrimination I do I I'm of the opinion. That trump care will. Increase the number of incidents where employers. Are going to discriminate against older workers why I'll just use an example. I have a friend who whose write runs an electrical contractor business pretty good size company more than fifty employees. And if he has a sixty year old electrician. And that's six year old electrician is married to accuse. Six year old wife and his and they have kids that are still on the health insurance plans so let's say they've got to dependence. And they they're looking at that cost of that sixty year old electrician. And then they compare it to a thirty year old electrician who was not married. And has insurance cost that might be 300 dollars a month. The cost for the electrician the sixty year old is going to be around 2000 dollars a month. The cost for the thirty year old electricians going to be 300 dollars a month to the saving. For this particular electrical contractor is going to be 17100 dollars a month on one employee. You multiply that out to awards five and fifteen employees in talking about a sizable amount of money I think in my opinion based on the information that I've received jock and and feel free to disagree with me. I think that trumped care will lead to an increase. In age discrimination. In the work place. Do you still feel. Oppose that yes a one because I feel that the reasons that you typically see for aids discrimination. Okay. Overall total compensation does factor and no doubt that's part of it okay you no doubt insurance part of that now but typically the differences in the salary required them to be larger and so I think that that is a larger portion of I also think that their other. Pieces that factor in that aren't so related compensation okay things including technological skills including maintaining. Current skill sets and continuing to update people skill sets continuing education things along those lines. Those are all reasons why you see age discrimination as well I think that. The health insurance peace you don't think the health insurance will increase that discrimination no I think it'll continue to be a part of it but I don't think it is the biggest reason nor do I think it is a major reason. Four age discrimination I think their significant other reasons why it occurs and there's no doubt age discrimination does occur. But I think that health care and health insurance is a small part of it not the biggest. Peace I think the big employers you see a lot of early. You know early retirement packages if you're. If you're if you're the CEO of General Electric you're gonna come in and say well look if we can yet. You know 20% of our workers over the age 57 to retire we win this it's saves us this much money on health insurance back. I just think and salaries that your point I hit it I older workers tend to be higher at what I've already seen so much that the last decade now you have to think about it unemployment slow the about how much that you've already seen and so I just I can't see it increasing can't keep getting worse necessarily. And that's that's where I'm out on the situation well let us know your opinion you can vote on our website financial exchange show dot com is how you participate in our poll do you think trump care. Will increase the age discrimination already voted I voted yes truck I assume has voted no he does not think it will. I think you will now you can vote and participate in the poll by going to our website financial exchange showed dot com. Up next or be joined by Stacy how Lee from the New York Times the New York Times are at the I arrest has begun to use private outside. Bill collectors to collect past due tax debts that's our next topic from our insurer match dot com studios. As the triple agenda still. Berrian judge of the latest every day beginning at ten only on the financial exchange radio network. If you Google asset protection plan and you'll get more than six million results how're you supposed to make sensible that information hi this is very Armstrong and the answer is you shouldn't what you need to do was call Cushing and all of the experts and elder law they Britain a brand new guide to -- -- misconceptions about Medicaid irrevocable trusts this guide details thirty of the most common misconceptions about using irrevocable trust to protect your assets get your free guide by calling 8668485699. Big you have to ask permission from your kids to use your own money not a chance that you're gonna have to pay higher taxes if you wanna make your assets unavailable for nursing home costs absolutely not there are a lot of so called experts out there but take my word for and get some information from a law firm that has been helping families just like yours for nearly thirty years call for your free guide today 8668485699. That's 8668485699. You can also download it right now on our website legal exchange showed dot com that's legal exchange show dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer managing 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 then 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 in carriers and 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 844 of 99 match or go online and ensure a match dot com. Barry Armstrong here and I'm joined by Jake to lose it vice president leader bank and were talking about the housing market the housing market as you know. In short of supply. Long on demand and Jake for first time homebuyers. What what is your message to the young couple hours just somebody's out there looking to purchase their first time home. Yes so you know for first time 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 are making five and fifteen offers to finding out how and offers except it's extremely. Okay. And so they have to temper their expectations. Oftentimes they're they're paying more than other half you. Pay more than the asking price and a new ads is quite common right now in and in some cases are actually having to to research other towns and rooted in. Considered first because. You know it's very can't afford their dream home exactly. On everything we're telling first time homebuyers to really be aware. Of all the mortgage products that are out there that are relevant to Tulsa but this leaders thirty yes who we are really excited about this product we just launched 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 one person that's very helpful offer because what it does is 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. When I bought. A hole. And when I've refinance my properties have always used leader bank near terrific bank you can call ample free at 8776917. B 900. Or visit them online leader bank dot com to learn about their mortgage programs. 8776917900. Liter bank dot com. I like talking to a person face to face him a call 87769179. Country. Security suffered two securities America ain't member finreg SIPC an advisory services arbiters securities America advisors think carry ons from representative Armstrong advisory group in the securities America companies are unaffiliated. Armstrong. So I'm. Bringing you the best in business and financial news every day this is the financial exchange radio network. The IRS is using private bill collectors to collect packed. Do taxes were joined by Stacy how leap from the New York Times to talk about that practiced by Stacy welcome to the show. So how much money is owed to the treasury in the form of back taxes. All 130 billion with a that the number that strives lawmaker pretty nuts and they would very much like the figure out a way to collect as much as possible. When did the IRS decided start using private tax Deco. Well the latest round of it was the decision was made it two years ago congress ordered that accused the IRS had no say in the congress that you're going to do this and that the F effort actually started the April Islamic press began turning to count oh. Juli we've tried this before. We have twice before they did in the nineties and they did it again and about 2006 the 2009. And both times they got shut down because the IRS found that the costing them more money to and that that's private collectors and they were actually leaking back. What definitely cool who were the agencies if these Dick collecting agencies who are they targeting like who's there. Are they going after somebody that rose a million dollars in taxes are they going after the small tax there. Yeah the millionaires that they got that not the ones that they're going after I'll likely the technical reasons they're only being turned over account for the road 50000 at last. But those lines at the resolution process with a lot more streamlined the IRS made the decision that was going to start there and give them the simpler counts the work on. One of the concerns that the director Doug taxpayer advocate history is that more than half a beat at really low income consumers. So they've really hyped up late trying to squeeze blood at the stone with a lot of these accounts. But might I guess what I don't understand is the higher rests. They know everything about us right they know we're we have Cherokee county nor are we have a savings account they know how much we have there IRAs. They know where we work so why does the IRS have to hire. Eight tap a bill collector why don't they just garnish wages. That's the question could come up as to when they've done studies the IRS typically has had higher rate the collection and that they collected exactly because they can guard this week at him which the outside collectors are absolutely not allowed to do look. So it. It gets. This I guess that I've not understood like I want them to collect the money I I want the internal revenues first got the money because people cheating on their taxes are not paying their taxes causes you Stacy to pay more taxes that are assault causes me to pay more. Shellac it's the love process that's part of it is that the IRS doesn't go you know the minute your tax bill that would do that don't immediately go to okay immigrant accumulated. They typically do several years about lead to collection. That's the stage with these kind of collect data coming in congress the idea is well maybe they're going to get better at that and the Ira has. In those initial years before the IRS gets the point of bringing up a hammer and saying okay democratic senior late at. I read your article and it you know there's some some thought that perhaps. These collection agencies are using illegal tactics. And I'm not be Lily did you weigh heavily on one side of that the other. The point where expletive you know wading a liar more than any out that violation the IRS has taken a look at that and that no leaking the script they're using a fine. I the other side you have consumer advocates and some members of congress legally to the client saying hey we're not comfortable with the language being used here. You know and I guess who latency I guess it it hasn't worked in the past. And I can't think of anybody who is more intimidating than the IRS you know when and I got a notice saying that I owe 76 cents a can't sleep for a week. You know. I Kerry noted that or nor will they are in and I I'm not sure this is gonna work I suspect. I suspect we'll look back I suspect you'll be writing an article on this in two years saying how failed. Gun in the past but here we are. All right Stacy thanks for your time. It is this. Dead on arrived a mean pick it sounds to me and I is that they're trying to get blood out of the style pitchers they're date you're trying to collect tax money. From people who are working in the underground economy. Don't have a checking account. Don't have a bank account and are paying their rent in cash they and it is it's darn near impossible. Is is it bad that every time I see a story like this my first thought is why can't we just have a bat. That makes everything simple now. Now like it if you just tell some people call it a fair tax. A lot of people. It made a fair tax you still have to collect. See you're right the the that that is the simple guidelines because we don't have to worry about filing any of this at the end of the year all of this is say anything that you bought. That taxes already included you don't have to deal with that there's no paperwork. And unfortunately. Although CPAs and tax attorneys they go out of this there's going to be going out of business you know third of congress is our attorneys. I think it'll never happen it to what you dream. Anyway moving on Google was fine bit now at ten weeks we cut talked of the story yesterday. And I said gather trying to find billion dollar for their activity in Europe you're fine 2.4. Two billion euros which is about two point seven billion dollars yeah Google actually responded to this this morning. And Google came out with a pretty went the the defense. In particular saying look there's plenty of online competition look no further and Amazon you yet eBay you have all these other customers that are there all these other competitors that are out there. And don't they make some valid points there but the fact of the matter is did they do that thing in layman's terms track explain to our audience. What Google did and why they're getting this big fine so what what they did and what EU accuse him of doing. Was promoting. Shopping services provided and supplied by Google. Instead of their competitors is pretty much exactly what Microsoft did back in the 1990s. On its platforms with its Internet Explorer platform and so forth on its desktops. And pretty much what they said is look. Because you are still dominant because you have so much of the search market when you prioritize your own products over anyone else's you know. It makes it nearly impossible for anyone else to break into certain areas and that that is what EU effectively said. I don't necessarily disagree with the EU but isn't it a case where Google has built the better mouse trap. And they're simply benefiting from the investment they've made their own technology what they are but I mean you could say that about any monopoly now you know you can go back to US steel and say look they've built a better company that should they be allowed to do what they want in the answer that we've decided. Is no because competitive markets are what's best for the end user in the end consumer because it provides the most choice. We'll be talking about housing when we come back Massachusetts home prices set yet another record during the month of may that is next from our insurer match dot com studio. Making your Smartphone even smaller here don't go mobile lab by surgeons financial exchange killed in nineteen Jordan who. Place doors this is the financial exchange radio. Network. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks ticked hassle out of rent day we've zeroed leader banks all mine rent collection tool. He went automatically deducts tenant's rent and deposited into your account visit www. C Rand dot net to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. 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 annuities may seem like -- 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. 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 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 -- you never need to ask for permission to use your own money Cushing in gold and the experts and elder luck 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 viewers 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 faster closing calling 8776917. B 900 that's 8776917900. Or visit leader banks dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer imagine agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered walls of the get all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry like our bella Plymouth rock and more. Their license for all types of insurance 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. 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 -- 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 its -- to see rent payment platform leader bank has -- -- -- business -- that are -- call to -- -- and -- -- -- -- place -- business and make -- as easy as -- -- number -- call is 8776917900. That's 8776917. -- 900 find out -- many -- greater Boston's premier property management -- real -- companies -- -- -- as -- banking -- -- 8776917900. Or -- -- -- -- -- dot com for more information member FDIC equal housing -- Time now for Wall Street watch a look at the market's performance so far today but I do Berrian jog right here on the financial exchange radio network. Well things are going the wrong way today but. Not bad with the Dow down ten points the S&P 500 is down three crude oil interestingly. Trading up one point 6% or 4410. Per barrel. We'll see where that shakes out due date had a rough. Had a rough month June has not been kind. To the will balls. 103 years ago this week arch duke Ferdinand of Austria and his wife Sophie were shot to death by Bosnian Serb nationalist. During an official visit to the Bosnian capital of Syria able. The killings sparked a chain of events that led to the outbreak of World War I by early August so we will be asking trivia questions about World War I. Which treaty marked the end of World War I tough question 68680. Is our text number. What is the name of the treaty. That ended World War I first listener with correct answer wins a 25 dollar gas card. And again our text number in the studio here is 68680. Hold prices continue to be on the rise to. Massachusetts. With median home prices climbing nine point 2% year over year at the day 385000. Dollars that's the new average. For the state of Massachusetts. And as we talked about you know those housing numbers in terms of prices some of the highest in the country when you look at. You know the overall you know country where. The median home price typically isn't media property value of the country 194000. Dollars so in massacres doubles. The median sale price coming in double what you see. Throughout the rest of the country it's a regional unity do you take out east is yeah right. You if you just took out the Boston area. And then you'd pride beat down of that media numbers nationally Demi get out to Springfield will stir and even the case. Yeah you take a look as an example at let's just look at Worcester County no okay. Worcester County OK which you know is it gets out towards the eastern part of the state somewhat as well okay. Median property value there about 257000. If you would just out Worcester the city to only about 205. House so. It is so much a local phenomenon and we we talk about that quite a bit that if you're inside at this point if you're inside that 495 court or inside you know to the east of that. Good luck and mean it's the it is very difficult if your first time home buyer in that area Condo price is still driving up work on a prices continue to move well mean in general. You're seeing just about everything. In that eastern part of Massachusetts moving up right now. I'm not surprised that you're seeing Condo prices you kind of chugging along pretty consistently what you think happens when all these big projects come on line. But any flooding the market with too many of these high end luxury condos in the city of the I don't think so right now I watched prices there as far as the the rents and so forth that are going in a lot of these places. In the auto sales person stimulus that he sailed seem to have any problem meeting demand right now. Now at a certain point you're gonna get there and an in look that the wave that recessions tend to happen and in especially in property markets. Is you have too many people lose confidence that prices are gonna continue to go up they stop buying and all of a sudden you do end up with prices coming down yeah. I don't think or anywhere near that yet just because I don't see that there's no signs that you're seeing any type the slowdown. Well one sign might be the number of sales rate dipped 2.3 percent in the month of may it's only up point 6% for the whole year or so. You look at the first five months of the year. Up marginally and they are down in the month of it. If sales and prices were flattening off yet I feel that consumer prices are our prices are which suggests that the sales. You know flattening is an inventory related issue rather than. People not being able to sell homes that are on the market. A quick announcement on behalf of leader bank they have this bridge loan program that you might find very helpful and here's how it works. Let's say you're buying a new hole and you're selling your Condo we are selling your old house in order to buy that new home. Leader bank will provide you with a very competitively priced bridge loan. Because now it's awfully tough in the old days used to be of the clothes on both properties in the same day in truck can tell you. That's not so easy to do anymore no sir he you almost have to close. Several days apart so. If you're in that situation where let's say you're you're selling your house. And you've found a new house wanna buy but you need the equity from your old house young purchase and sale agreement you've got financing approved from that buyer. But you need that cash you need that 300000. Dollar from the old place the by the new place. Leader bank can help you with the virtual I don't know of any other bank that does this or might be some but I don't know them. The phone number to get more information on that bridge loan program program is 877. 69179. Zeroes here you can look at and a leader bank dot com as well but I think for something this complicated. You might want to talk to them in person their phone number again. 8776917900. Toll free 8776917900. Chuck you recently closed on the purchase of your new home and it yet with any surprises when in in what can you how would you advise somebody elect Tucker. Who's never bought a house but probably will the next few years. How would you advise. Somebody and what kind of surprises should be beating him. So I didn't have any huge surprises for myself this time just because I'd already been surprised four years ago when I went through my first home purchase and didn't realize. Quite what you had to bring to the table clothes at that always catches the first time my daughter just bought a place term debt. She settlement cash that idea escrow taxes they escrow insurance is like she. She hit it was very sharp surprised by how much money yet his went when you look at you've got as you mentioned a lot of times the lender requires you pay the first year of but he insurance right up front you've got to pay taxes for at least the first quarter sometimes longer than that up front. You've got to pay for recording the deed you've got to pay for the appraisal in this and that's it there's a number of different things than that factoring in witness how much as the appraisal. Prison costs a pretty low you know 3400 box the F I didn't inspections well you have to do it's how much of the inspection costly and mine was five point five which in the Boston area I'm told is pretty competitive if you get outside a little further you can probably get it for around three to 400 but. You know in and around Boston your a little bit higher. So you've got to pay all of those cost you have to pay if you're going into homeowners association they may require you to pay the first couple months dues. Then obviously you've got to pay for movers if you wanna hire okay what does that cost you your movements say out of 23 bedroom condos in the city. In October with the movers and cost you're doing that it it depends on the movers that you find I have a pretty good relationship with some folks who wild pitch right now because they're phenomenal they're called the other guys who have few moving in and around Boston you should take a look at them. And they do a great job they were about thirty to 40% below would a lot of the other companies were not looking to charge him. But if you're trying to hire movers are probably looking minimum. Twelve to 15100 for a local move for a longer moves he can easily be up into the five to 7000 rates if you're hired movers was in new homeowner you inevitably will make a run to local hardware store. And by gallon of roundup. California stones it's cancers yet California coming out and in round up as one of those. Products that has just been a a lightning rod. For this type of debate pretty much ever since its inception you're not familiar with that which means you're living under a rock. Round up is a I use I don't think it's in ingredient called like who fought Paraguay phosphate okay. And it becomes a little spray bottle it's an awful lot like a win next bottle or something like that these special bottle if you tried to -- decision and pretty much what it was appointed the plants that you don't want is app about it and in about a date they've gone okay. The earliest that you figure it causes cancer there have been so many different reports on this you look at you know certain things that the World Health Organization says it made and you look at you know the world cancer and it says it may not it's it's it's all over the place in general I mean. At some point lake. I just don't know it's there's there's so much crap out there. It probably does something then yeah it's it's just thinking if if it kills plants that easily can't be that good for you now in and no one ever sits around and says do you want me to drink a bottle it is match. It is that it. A lot of the studies that have found. It you have a correlation with cancer you have to have a significant exposure over a prolonged period of time okay. It's not something where. If you use it once it increases your risk significantly so it it certainly doesn't have that kind of effect but don't drink I wouldn't be separate don't don't drink. You don't wanna be chugging the stuff I I wouldn't be surprised if after further research we find out. That it is BO causing something but I just don't know enough about and start visions. And any use gloves from now on Tony's. New loans student loan interest rates are going up on Saturday Saturday of course is July 1. For a new loans dispersed from July 1 of 47 team to June 30 of 2018. Undergraduates. Will pay four point 45%. That's an increase from this year's rate of three point 76%. A grad students and parents yet grad students are going up as well they're going up 6% four and on subsidized loan that's up from five point 31%. And for parent plus loans. Those who go to 7% from six point 31% in the reason for don't feel like parent possible folks he if you have to. If you don't have. A home equity line of credit that he can tapping can't afford 7%. Yet is that there is the reason for these hikes is that. They are now the rates on these student loans are now tied to the most recent. Ten year treasury auction. Just prior to this data and so on May tenth when you saw rates up bump up about three quarters of 1% from a year ago and that's why you are seeing in these higher rates here so it's not something where you can see rates increasing every year necessarily you know tenure treasuries at a lower rate next year you might actually see interest rates on these go down. Something to consider is that you know when you take these loans guys it's it's not tax deductible the interest on. No you more interest on your mortgage or your home equity line of credit. In all likelihood is going to be tax deductible losses exceed a million bucks. Parent plus loans are not tax deductible I really hope that you can avoid using parent plus loans to help your kids with school. There's other ways to do it. Up next we'll have the answer to our trivia question and we'll also be joined by Brian Boland from Zacks grab a pencil and paper stock talk is next from our insurer match dot com studios. Trump's first 100 days didn't pass any significant legislation. But tax reform and Health Care Reform are still on the table. We'll either passed before the end of the year keep it here would Berrian chuck for the latest on the president's agenda and how the market so yeah I think this is the financial exchange radio network. Hi this is very Armstrong many of my clients are retired or are planning for retirement and if you're like them annuities may be an important piece of your financial strategies annuities can offer guaranteed income for life but there are risks associated with every purchase some annuities have high fees. While others take control of your money. If you're considering buying an annuity call me right now and get my free guide the truth about annuities learn about the pros and cons and educate yourself about these products beef. For you make your decision call 803934001. That's 803934001. Or you can download the guide right now at our website financial exchange showed dot com. Security suffered through 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 American 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 mention agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match that 84499. Match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered who also do 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 like our bella 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 Barry Armstrong here and I'm. And by Jake to lose it vice president at leader bank and we're talking about the housing market the housing market as you know. In 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 are 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 they're they're paying more than other view. Pay more than the asking price and a unit is quite common right now in and in some cases are actually having to to research other towns and rooted in. Considered first because. You know Eric 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 that we are really excited about this product we just launched its cult leader thirty. And essentially what it is 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 one person that's very helpful offer because what it does is 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. When I bought. A home. And when I've refinance my properties have always used leader bank. They're terrific thank you can call the people free at 8776917900. Or visit the the 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. Top of breaking financial news by becoming a member about Harry's brigade. Log on to financial exchange should dot com and sign up today. The treaty of Versailles was signed in June of 1990. More than seven months after the actual fighting to stop and think many historians would say. It caused World War II. The winner on this question was in beef from Falmouth and he's taken over 25 dollar gas card speedway as his prize. In our trivia contest is brought to you by the law firm of Cushing and dole in the experts and elder law. If you have questions about your state plan or need advice on creating a trust to protect your athletes and assets from probate. Visit Cushing and don't today at legal exchange show dot com that's legal exchange show. Dot com Brian Boland from Zacks joins us now here to talk about a couple automotive stocks Bryant they can come and our thoughts. Thanks for having me on again I appreciate it. Brian let's start with Tesla the stock is pretty much within about 3% of an all time high right now. Year to date it is rallied 75%. Despite the company. Still not being profitable. Does this one still have legs. All op I am a firm believer in pat what and the fact that it does have a leg and I think being number one reason that I can. And point to is that demand you know any time you look at the stock you wanna think about is their demand for the product or service that they out. And we take a look you know what though the model three which is yet to be fully in jail we know that there is already 400000. Orders. Or carpet people basically have never seen before. And it helped me there is gigantic demand out there for. So I guess I guess my question is. This is a company that's trading to sixty billion dollar market cap you look at the biggest car companies out there the only one that's above a hundred billion. Is Toyota and any talk about the biggest car company in the world there. Is tests are are you value and Tesla just as the car company taking into account you know the batteries and in the potential for solar cells and things like that as well. Yeah I think that when you look at the valuation protest but you're gonna scratch your head because the fundamental just aren't really there. The technical circuit something that are lying on a chart. The have to you know look forward to what could this thing really be. In 35. Or ten years from now you know. Obviously there's the solar city acquisition that they made at the big part of it and that. Oh battery. But you know. Functionality. There's the full assault on the rule that they talk. About as well but you know at the end of the day it's all about the technology that they're bringing the market. You know a car it is it is just the car but when you add technology. To make it better. People don't want it and I think we already that would demand that we talked about or you know I think as people don't realize. The benefits of the solar cell and once the cost. A little more in line. You know with with what people are expecting. You Pete further upside from that as well. One of the big concerns that some folks have about Tesla is the projected ramp up from under a 100000 vehicles this year. To somewhere in the range of 500000 either next year or in 2019. It's an ambitious scheduled try to get to do you have any concerns about that. You know it definitely execution is going to be. Continue to grow to execute as they have already on plan. Then I think you know investors are going to be rewarded but definitely that is a concern going forward will will only be evil. To put out all the cars to just to meet the demand that already there. And the other ideas that you as a technology improves these are basically improved sleep a bit of tomorrow last. First came out it you know new Malek does that Malek. Day you know those cars are actually better than they were few years ago and you're gonna same sort of thing with the model three. And potentially even more demand go. Four let's turn over let's talk about a little bit more of an established company that companies Ferrari. Who only IPO to about a year and a half ago now where do you see them going here. Well you know you're just. Rocket about. Test flight at. Performance over the last year you know about 70% or so Ferrari is up all 110%. EU over the last. Yours so I'm about to life yet felt. You know obviously the idea out here is that these Rory or super high priced cars. You know I'm not buying one anytime soon. Not only for the reason that the price but you know destroy what you get. But people out there you have the money in the market is strong. The economy is pretty good so people are buying. Things. You know look at the delivery here you know if the company has been making its numbers and expect the ship 8400. Cars this year. So you'd think about how small a number of shipment that is you know when compared to net lower in Toyota but if you you know think about. The market kept on Ferrari you're looking at sixteen billion dollars on that and that's just 8000 or under cars again so. You know a lot to think about Europe in the car world. And good Bryant thank you very much for the time today we appreciate it. Right thanks appreciate it that's Brian Boland from Zacks the two out companies that we're talking about their tussle with the ticker TS and LA and Ferrari with a ticker RA CU. Order the Tesla story isn't related at all to try new you big about the issues facing China. In in terms of air quality then you look at the Chinese heed your growing millionaires faster than any other country. Tesla would be huge pat status symbol in China. In theory it would be but there are plenty of companies that sell an awful lot of cars in China then and there were sixty billion dollars now you know Audi is huge in China it's thirty billion dollar company. By negate the part of the valuation on Tesla is related to. Dear other lines of business house batteries. And the in the shingles and the solar shingles the only way you can value tussle this way is if you're not looking at a car and as a car company rather. As that entire ecosystem. Of props up which. Is appealing to a lot of consumers. NASDAQ is down seventeen points but the Dow was up twelve points in the price of oil is up 72 cents a barrel at 4410. Per barrel. Trucks ought to Tucker Sylvan very Armstrong signing off for march or match dot com studios here. 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 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'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 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 means a 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 process and teams for additional information call 877697900. That's 8776917900. Or visit leader bank dot com. Minarets the SE equal housing lender and Miller is number 449250. Subject to 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 are being sure 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 -- that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered we'll also dig out all the discounts preferred customers like you can qualify for Collins sure 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 Mike Rabelo Plymouth rock and more. Their license for all types of insurance and continued time stressed the money with just one phone call and one relationship. Called today. She handled. With your legal exchange quick tip of the day tied one of the misconceptions. That I hear regarding these Medicaid you're vocal trusts. Is that he had to pay a higher rate of taxation. On assets that are held at sea of 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. I'll 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 just somebody if they have one of these terrible will crush they should. Verifies. That is in fact a grant to work trust absolutely go back if you if you been paying taxes at a higher rate go back here draft. And make sure that you ask him is that he grant toward trust. Ours our current tort trust OK 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 of and 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 bloodline 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 not guaranteed by the bank and may go down in value leader back a step ahead as we get older let's say claiming becomes that much more important and if you have loved ones or friends that may need nursing home care you need to protect. Do yourself and your assets the best way to do this history 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 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 viewers 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. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinance this all originations are managed by a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. 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 Unita 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 -- 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 they're banking partner call 8776917900. Or email BBO at liter -- dot com for more information member FDIC equal housing lender. This is the financial exchange with Barry Armstrong and shut itself down. You're exclusive look at business and financial news affecting your day your city your war. Stay informed and today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the very Armstrong and chunks. It is reasonable. That the health care bill will be voted on in the senate this week what is unknown is. Whether or not it will pass higher but it's very truck with you here on Tuesday and we just keep getting more and more information kinda comes out drips and drabs like yesterday when the CBO report came out and up. You know I'd say the biggest area where you're seeing reductions will be in Medicaid to put the states under a lot of pressure. It doesn't and specifically owe a lot of the changes in Medicaid are pushed off until the back and of the CBO report that typically not starting until 20/20 two independent electoral Obama care Marie deja obamacare did the same thing exactly it's if it's something that's not good they just pushed off and say okay someone else deal with the down the road kick the can. And so that's what you're seeing what you're what you have right now. Is you know you've got about four to five Republicans on the record saying hey we we don't like the bill in its current form. It's kind of funny to is you've got real conservative Republicans like Rand Paul thing doesn't do enough yeah. In the yet. Other moderate Republicans like Susan Collins is saying hey this is too tough on my populous yet you say you've got this kind of Barbell issue that you have to deal with where you've got people from each end of the spectrum that are kind of you know up against it right now. I still think that Mitch McConnell ends up getting this through just because. It in my experience you don't release the text of the bill unless you think you're going to be able to get something through even with some amendments and he's what why did you of one used against you unless you're darn sure you're gonna get through exactly so what's the point you don't release the text and lest you think you're going to be able to get something through. It tells me they've had enough time they say they have a week to look at and I mean it's complex but. You may need more. And BG I think you need more each senator has what staff of twenty people what was one of the biggest criticisms of the way that obamacare was put together. Yeah I was jammed through in in people. Say they didn't have enough time they have enough time that he you know the committee members all at the end of the day time isn't the issue the issue is whether or not get a good enough bill okay. I still am of the opinion that I don't like the bill because I don't think it really does anything productive no gate doesn't do anything to address costs and all of does get people off the rolls so you sit there and say OK what what are we actually doing that stabilizes the insurance market. Is this the best way to do that the I don't know me I mean that's a problem you don't really know trap. And it'll be 20 you did the oil weight stabilizes it kicks all the people that you don't want want on the insurance market off. But that's. To me that's not stability that saying okay all the people who are undesirable moment search perspective. Go how did Donald Trump do with fifty plus voters voters overeat it. He's the he's pretty popular that group in the he was I don't have the exact statistics here I can pull off. He did pretty well Andy I bring it up because I'm of the opinion that. This health care bill in which has been coined trump care. I think it's gonna cause a lot of problems for people that are fifty to 64 years old once you hit 65 your OK Peter on Medicare rate in the end. Then you're on the the government plan in and you're charged according to be a 65 year old stay in the same amount for his Medicare part B. As a 95 year old won't do it it doesn't change based on your age. I think though. If if you're in that category fifty to 64 I can tell you. It the the CBO said you're gonna pay a lot more for your insurance and it doesn't necessarily matter whether or not you or. Using the exchange or if you're in a group because if you're in a group your employer is going to be charged a lot more. So I just have an interest in question just to raise as we're talking about this show one of the things that hit me last night when when he talked about a group insurance okay. Anyone who's ever worked at any company that provides health care what Rick to people packed. Fixed rate. There yesterday for the year it changes once a year but there's one rate forever yes yes the thirty year old pacers and it is only for younger people there's no rate rolled of people there's one rate and so if you're single you get that rate if you are couple you get that right if your spam we get that rate that that's it that's all it is. Why do we except that Ian our employer plans but we refuse to on the individual market. Yeah I could point to think about like how does it raise a good you know it's one of those things it's not that employers. Do that at the kindness of their heart the required and that brought some stability to the employer based insurance smartly even when it wasn't required the truck. Employers used it as an inducement to TP note there were no and on saying. The requirement or if it's priced that way there's there's no five to one band there's no three to one bent. I'm thirty years old I PD exact same premium as someone who's fifty working in the same company and I thank you for that you're walking you're subsidizing you you're very welcome but what's interesting is that we do that for employer Jason grants and they don't know any time we don't do that and we're not accepting of it on the private market for some reason I just I find that interesting I'm not saying that one is wrong and one is right and honestly I don't know I haven't given it enough thought. But I find it interest in that we say. If your rolled in this company's plan this is what you pay but once you get outside of the corporate structure. It's based on your rates. As you get older you get a little jaded and I admit to that. I'm considerably older than two gentlemen I'm sitting in the studio with. And I've observed my friends. Suffering from age discrimination and I've been observed it in large companies like. Not been named because of Sumi. But I've seen big companies get rid of all the workers and I've seen small companies get room older workers. I'm of the opinion that the changes made by trump care is going to increase aids discrimination I think you or employer. Is going to be more likely. To fire the fifty year old worker or offer special retirement package pushed them out the door. Because it's so darn much more money to keep that fifty year old worker than it is the thirty year old work that's my personal opinion. If you have an opinion on that topic about to have evil in our poll question which is on the website financial exchange showed dot com. Do you think trump care will increase aids discrimination I absolutely think it will. I think with the age discrimination was there before trump here and I think this will exacerbated because. If you're an employer. And you've got a hundred employees 200 employees thousand employees. And you look at the cost of keep the net fifty year old or 64 year old worker on the books. Boy it's gonna cost a lot of money and cost a lot more money in wages if it's gonna cost a lot more money on your health insurance premium. So I I'm of that opinion so far the poll by the way chuck. 59%. Of our listeners. Are saying yes. Trump care will increase aids discrimination 41%. Saying no it will block. We'll keep an eye on that poll as time goes by during the course of this hour. The millstone. Nuclear power plant. Is located in water for Connecticut it's owned by a privately trade our public company called Dominion Resources. And the owner dominion is saying we are gonna go through the assessment process of shutting down the millstone nuclear power plant we already know pilgrim implement this condition. Yeah and this this millstone plants. Supports about 3900 jobs in total between what it employs directly which is about 2000 jobs as well as all of the surrounding support jobs. This is in the eastern part of the state since an area of the great days in New London it's there in the state that has been. Going through some some economic challenges over. The last decade or two you know they they close it down. And no Dominion Resources is threatening me they're going through the assessment process Anderson what they're saying is that they can't charge enough for the electricity. So on one hand with dominion is going through his. Federal regulation saying yet to do this year to do that. In and it's very heavily regulated you want your nuclear industry to be heavily regulate could get a wanted to know you don't want mistakes you don't want it to noble Knight be at that that none of us want a journal. So you want it to be heavily regulated but on the other side Dominion Resources Hussein. And it's not even them in your resources is accompanied the stockholders of the company or San hate shut that plant down because it's not profitable. Yeah it in you also then have. Ratepayers who were sitting there saying look don't raise biracial don't raise the rates up and so and there are big provider would they be unique to our but the again hundred jobs and there is some huge percentage of Connecticut. Electricity is coming out of bill stuff. Yet they produce about 161000. Megawatt hours. Of power on an annual basis if you I'll have to dig into exactly what is but he it's it's not a small. Chalky talking about to giggle watched overall that this reactor puts out. And so it's providing electricity for a significant amount of Connecticut. So really three left right into ingredients Seabrook Seabrook pilgrim. In this one pilgrim is slated to be closed down right now OK and as soon as they can close this one down beat 22. It part of the concern is that if you close told him in this so quickly you don't necessarily have the capability get other plants up and running because you don't have the Nat gas pipelines coming in. To get enough that gas to provide new Powell the politicians are saying that they're putting a guy and they don't believe the dominion isn't making enough money. Nuclear powers and cheap these days I'll tell you that much I in this situation. I tend to I would probably side with dominion saying look at the cost of operating this plant is significant here it's tough call because you look at that you don't want I don't know made. I just don't know if I would pay for I pay that much for power it's it's so expensive compared to one that some of the chief sources that you have to Nat gas is the way to go there right. It is but the problem is you got to get pipelines going into it because you have in the politicians don't wanna do that politicians don't want that to kick the northern passed up and down to New Hampshire indicated today that coming up through Connecticut is there any going. What do we don't really needs a new politicians up. Yeah between a rock and a hard place we need some new politicians take coming up will be joined by Dina Shanker from Bloomberg talking about. Our food somebody put had a mean in my chicken I wanna know who put it there and what it is that's next from aren't sure match dot com. The debate over tax reform and trump care rages on that. Berrian should give the latest on how any changes may affect your portfolio for your financial strategy only year on the financial exchange radio network. Hi this is very Armstrong many of my clients are retired or are planning for retirement and if you're like them annuities may be an important piece of your financial strategies annuities can offer guaranteed income for life but there are risks associated with every purchase some annuities have high fees. While others take control of your money. If you're considering buying an annuity call me right now and get my free guide the truth about annuities learned about the pros and cons and educate yourself about these products before you make your decision call 803934001. That's 803934001. Or you can download the guide right now at our website 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. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer imagine agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for a free consultation to make sure your property and family are safe and properly covered -- -- the get all the discounts preferred customers like you can qualify for Karl 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. Their license for all types of insurance and continued time stress the money with just one phone call and one relationship. Called today paid for four of 99 match or go online and ensure a match dot com. If you Google asset protection claiming to get more than six million results are you supposed to make sense of all that information the answer is he shouldn't what do you need to do was called Cushing in Dolan the experts -- -- -- they've written a brand new guide top misconceptions about Medicaid a reputable trust this guy details thirtieth the most common misconceptions about using irrevocable -- to protect your assets get your free guide by calling 8668485699. Think you have to ask permission from your kids to use your own money not a chance that you're going to have to pay higher taxes if you wanna make your assets and available for nursing home costs absolutely not there are a lot of so called experts out there but take my word for it to get some information from a law firm that has been helping families like yours for nearly thirty years call for your free guide today at 8668485699. -- 8668485699. You can also download it right now on our website had legal exchange showed dot com that's legal exchange -- does come. 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 -- 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 they're banking partner or call 8776917. -- 900 or email BDO at liter bag dot com for more information member FDIC equal housing lender. Markets continue to fluctuate but we've got you covered in your daily update on what time and what's not from Mike Armstrong every morning at 1030 only on the financial exchange radio network. We. Dina Shanker is a reporter for Bloomberg she wrote an article the headline reads there could be Kevin mean in your natural chicken. I Dino welcome to the show. Current and having so what is kqed in the union how did he get in my chicken. Well at the first and that I in there and Ken that at a mean it is. An anesthetic used by that you're in. Psychiatrist that article I think it or depression and you mend and that anyone who's been on the rave scene at the club in my has. Heard that as special K. A party drug. And LA yeah now at our pilot guide that and that is the it. And what happened would that be that locker represent being at organic and humor that he can spend the year and eat better food safety you the Freedom of Information Act request to get as a result of the national residue program. From the US EA US department of agriculture and they found. That there were a number of confirmed and on he earned. Positive. It that. You know attack and one of the unconfirmed. That is why our enemy. It was only Ian Sanderson Farms chicken is that right. That well they only were they only discussed the Amherst and arm check bill I am stay at other companies but better than Barnes is. They used it in there and they not only now they're at it supermarket on the shelves yet but people could be eating better and arm. Ticket without even realizing it in the cafeteria or pay back. Right right it. Now why would the FDA be involved because I thought the poultry business was regulated by the USDA. What did it say a USDA. And USDA. Program's record is program at EA is involved in that it. Would. Beat the agency that approved there and or are you this. And be. It at DA has not approved had a need or use anti they get that well at a number of the other hand. On the political and antibiotics that are in. That without immigrant is programmable. Now as I understand it Sanderson might have used cat a mean to cut tranquilize the chickens before they slaughtered them does that. Does that. Baghdad. That is the theory that that would. You may and in terms of what you you are an addict and it beat transport and or spotters on the what do you not at all I'm born animal Ann and though. And because it was back then. Because unconfirmed record it was found in the sample that. Couldn't that indicate that it was given the chicken. Quote. Do. You know one of the lie that it didn't have a chance to run through their body and come out there. What day is this just a law firm looking for a payday in your opinion or is this. Like a legitimate health concern. So I am not allowed to get my head or. What I say is this earned it. Brought a number these lock it about the term natural at that appear. And that there is certainly am in. In. It and there on our consumer report that the survey that people what they think act in the public they they asked for should be and revisit that. A majority could ignite at. By an end or are beautiful and something that is labeled as well. Whether. Whatever the law firm noted that it certainly. And you I know that word. Very good Dina thank you very much for your time we appreciate. Yeah do you Shanker Bloomberg News joining us on Ted I mean and notes I think it's all the marketing. Like if you marketed it as having. You know it's gonna make a few that was its it's you know that it's what's the sedative the way I look at it is you can kind of marketed as you should be this year you're off I'd uptight I think you could market this as like the alternative to Turkey if you want the NAFTA but I don't have access to Turkey. By our chicken factory you know like they can't find any tryptophan. We got academy you know like you to do something like that but it's it's certainly is disconcerting and I know nothing about the science and whether there's enough in there and actually cause anything. I feel sleepy after just about every meal so. Maybe there's something going on there but I'd. Who knows not quite sure how all of our listeners had number of text messages that new academy was then so what does that say about our listeners. They're like it kind of thing we've had a director Parker we would probably had a couple that were hippies back in the day and going to party. Despite the lack of inventory. Rhode Island house sales rise 6%. And they're up prices were up four point 6% during the month yet median home price in May for RI was 250000. Dollars that four point 6% increase from may 26 team. And sales up as well. In particular Warwick with the most home sales in May accounting for a 142. Out of that 1044. Sales statewide and block island we'll comp and coming with one sale each but obviously those are pretty expensive areas block island the only sale was 802500. Little Compton at one point seven million. But the larger cities that actually at the highest median home prices no side. Newport east out of province coming at 517475000. Respectively. Can FaceBook is getting close to two billion users for it just seems like they hit a billion. It is now there gonna YouTube it it does seem like they just got there and they're not even China that you can't use them in China no. Not even a child. So it's yep FaceBook closing in on that two billion user moans again elect a third of the world's population excluding China just about and they hit that. Billion user mark. Let's see when that actually happen when other countries would forbid. FaceBook I'm guessing you know small country like Cuba would forbid it. Russia was a huge bill IDs FaceBook in Russia. That's the wondering so Hillary essentially a list of of where FaceBook centered so I have censorship by country and let's take a look here. North Korea badly out of Bangladesh had a brief ban but it is now allowed him on Bangladesh is still proposing to ban FaceBook for six hours nightly which I should think would be good thing. China you still do not have access obviously okay. If something comparable didn't Jack Ma something like that yes they did they do have something in in China but I know it's heavily regulated just you know the great firewall of China then let's see what else you have here. You Rhonda had a band after the 2009 election yeah. But it now appears to have been lifted him. You've had some new breed bans in places like Malaysia and Egypt during you know moments of unrest and so most of Europe would have a current you know and I wouldn't think there'd be any Western European countries that wouldn't that Germany had a temporary block at one point it looked like only on certain events that organized on FaceBook North Korea doesn't have a at all. It actually operates in Syria but don't know if anyone is really using it. At this point it's and let's see FaceBook was blocked in Vietnam for two weekends in May 26 team during protests so really it's China and North Korea the right now. Lot of similarities pay up next we'll tell you why it's a good time to be in the television business that more from our insurer match dot com pretty. You've got to Barry Armstrong next financial exchange. It sure looked like named Felix. Angel radio network. 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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. -- 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. 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 it is illegal exchange showed dot com. Searching for the best savings rate leader bank Zoubek doesn't 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 who now accounts call 8776917900. Or visit leader bank dot com minimum deposit to open and an annual percentage yield ten dollars two point 03% interest rate mass residents only he's been reduced earnings rate subject to change without notice member FDIC leader bank a step ahead -- 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 at the best price -- 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 we'll also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates in carriers and 844 and 99 match let's 84499. Match insure a match works with the leading carriers in the industry like our bella Plymouth rock and more. Their license for all types of insurance and continued time stressed 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. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making music faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. The financial exchanges hello. I live on 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. So how much times. The average user spend on FaceBook today too what is it 3040 minutes of somewhere right around. Forty minutes. On the I can speak they'll look all I know is now it's gonna be even more because FaceBook is about two minutes fifty minutes of document the average person spends fifteen minutes a day on FaceBook we are so useless it is something that didn't exist when he. Hello good veteran tenured. FaceBook a once it was 05 for 04 when it was found it's a twelve or thirteen years yeah well. And any FaceBook now is getting in the business of reducing TV quality. Shows that'll air only on FaceBook and they're gonna pay eight track. Spend at the three million dollars per episode yet today they are not the only one I can tell you why apple is acquiring an awful lot right talent as well so. Both FaceBook and apple looking to ramp up some type of service there. Unclear at the moment exactly what type of financial structure might have in terms of whether as a monthly fee would you pay a one year of one time fees. Once a year like go to guys for retirement yet it's it's like who knows I thought it was going to be for. I don't know freeze gonna get them enough I don't know freeze and get them enough without advertising not. They they might have an advertising model but remember. You know advertising only brings in soma is okay when when you talk about advertising. The user is still product eventually I think FaceBook wants to get away from that and actually produce something. Where the content as the product that is own young they're going to aid their target audience. Is seventeen. To thirty they don't want me. Don't live there and they're obviously trying to go after young crowd there. I'm curious to see what boat there and Apple's offerings look like my my one big question about FaceBook is. Is going to be integrated in the current FaceBook experience in other words do I have to go in to FaceBook won't agree to watch the launcher you do that would be a problem for me. I don't like spending time on face. I mean I have not only in pretty quickly define your show okay. I would spend time on its I I don't like the platform at this point I probably haven't posted anything there in six months. You know it's I just I I don't enjoy. The plan you hormonal you're not user know why I I have an account I probably use it two or three times a year. Look at that now Hulu. They they have two models if you if you have a cool yes from what I understand you can pay a lower dollar amount then you have to watch commercials or you can pay. For premium service I don't have to. And and get commercial free they actually have more people paying the lower amount and are willing to watch the commercials. Yet they've got 32 million people subscribe to be lower cost model that does have commercials there fifteen million. The pay the extra couple bucks a month in order to get out of those commercials. I find it interesting that that difference it's just four dollars a month. But people don't wanna pay that extra to avoid commercials OK so that the question really the calculus that they have to undertake then. Hey can we make in terms of advertising more than four dollars a month to make up for that it clearly they think they came down. Okay but I do find it interesting that they are more people on that cheaper version despite still being. You know you get you're talking twelve dollars vs say they're small time compared to Netflix and they've got about. 4547. Million users and Netflix is a hundred million yen it Netflix keep in mind that that total I believe is worldwide for them right who is only in the US okay. And Netflix in the US somewhere in that same ballpark actually it might be. Me too April 5 and Chelsea who right now yet Netflix is around 5055. Million in the in the US. Think Hulu be a formidable competitor despite based on who owns it they must have huge library. Late in terms of volume of shows to work when one thing that occurs at Netflix I think. Form I've heard people get bored with it sailors yes to same crap all over the walks is nothing. No reason to keep I don't know Netflix puts out a lot of content they do. You know they've there when it first started doing its own content when house of cards mourns the new block were the only two shows they had via. There was a lot more lag now I almost feel like there's too much content. To keep up with -- case they put a lot of stuff out right now that we Tucker what was the number that we found it was they were doing something like eighty years ninety new shows this year something like that I'm not sure the exact amount but I know the exact sentiment that you're saying chuck I feel like I can't keep up with all these shows are now. Bought on Netflix there's a lot of them right now yeah Netflix is so this was at the end of sixteen. They said that they word developing thirty brand new shows for this year in addition to all the time. And they are ready I don't they just canceled one after one season and just throughout the evidence you know anyone that. Let me look it up but it was failing gave a one season. And day out here at a quick hook if it doesn't generate the views approach the yank it up. You know I talked to you about our friends at the insurer matches agency and they exist to make sure that your assets are protected. If you're like many of my listeners who won't hold on one or two cars you're the perfect candidate for a free consultation. With one of their agents to help you review your insurance needs. Called them today 8449. 844. Nine V nine match and let them prepare a personalized plan that would be the best coverage as the best price. Bill also dig out all the discounts that preferred customers like you can qualify for. Call insurer matched to compare multiple rates from all of the top carriers including. Our bell Plymouth rock and more and 8449. 844. 99 match insurer match is licensed. For all types of insurance and they can save time stress in money. One phone call one relationship that is all you need. Call today 84499. Match or go online and ensure match dot com there and it shows girl boss by the way cancel after one season on Netflix it sounds like a winner. Throw it anyway. On alphabet when he mole. Hired Avis to service its driver of the scars we broke the story yesterday NSA is around 103011 o'clock learned a little bit more about it the last 24 hours. Yeah and in really I think what. William O which is Google's self driving car unit. Is going after here is they want. Distribution they want locations to be able to base their vehicles out of them and pretty much what Avis is going to be providing is exactly that it's a place to store these vehicles. Yves is gonna do all the regular service and maintenance on the vehicles they're going to be. Taking care of them and make mission there up to snuff wave always still gonna do all the maintenance on the self driving system okay. But I think this is a way for Avis offset some of the lost revenue by saying look we'll story cars will will work with this maintenance contract year. In May sequentially. I don't know there's gonna be any revenue sharing right away or if it gets into it down the road. But I think it's interesting to see them branching out here and I think it's something they have to do in order to maintain their business don't fold Hertz shares were. Yup hurt shares were up a lot of chatter about apple potentially getting involved there with an autonomous plan and I wonder you. You look at those and I think those are good places to bill. Think they would have the volume but wouldn't dealerships and Ford dealership would that be logical place to partner with as well or GM dealership for Toyota dealership. For these and thinking and long. The lines of servicing these autonomous cars yeah that's it's not a bad idea I don't know if there's differences in cost between the two I don't know gets better locations at the airports for me because that's where you have. Everybody's got to drive way right when you get into that airport legacy take public transportation subsidies. You have to figure at a certain point as we start to get deeper into the autonomous vehicle revolution. You have to imagine that some of the parking garage in cities will be key areas as well where it's looked you don't need you know the parking garage saying look. We gotta get rid of some of the space because we're not using it lease it out apple or do you or someone just as a storage facility for their vehicle. It's very very. All right up next will be joined by just a lot she's from the National Association of Realtors is this the optimal time. To sell your house or would you be better off waiting two or three years. I don't know the answer to that and I'm hoping Jessica does that's next from our insurer match dot com studio. The man over trumps economics continues to affect the markets. Get the latest info on the sectors that are women and those that aren't right here with Berrian jock on the financial exchange radio network. If you're real estate or property management company you need -- 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 digitized 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 -- 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 BB EO at liter -- dot com for more information member FDIC equal housing lender. If you Google asset protection claiming you'll get more than six million results are you supposed to make sense of all that information the answer is he shouldn't what do you need to do was called Cushing in Dolan the experts know their luck they've written a brand new guide top misconceptions about Medicaid irrevocable trust this guy details thirty of the most common misconceptions about using irrevocable trust to protect your assets get your free guide by calling 8668485699. Think you have to ask permission from your kids to use your own money not a chance that you're going to have to pay higher taxes if you wanna make your assets and available for nursing home costs absolutely not. There are a lot of so called experts out there but take my word for it and get some information from a lot from that has been helping families like cures for nearly thirty years call for your free guide today at 8668485699. Beds 8668485699. You can also download it right now on our website had legal exchange showed dot com that's legal exchange showed dot com. Hi this is very Armstrong many of my clients are retired or are. Planning for retirement and if you're like them annuities may be an important piece of your financial strategies annuities can offer guaranteed income for life but there are risks associated with every purchase some annuities have high fees while others take control of your money. If you're considering buying an annuity call me right now and get my free guide the truth about annuities learn about the pros and cons and educate yourself about these products before you make your decision call 803934001. That's 803934001. Or you can download the guide right now at our web site financial exchange showed dot com. Security suffered through 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 mention 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 we'll also dig out all the discounts preferred customers -- you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match let's 8449. B nine match insure a match works with the leading carriers in the industry like our bella Plymouth rock and more. Their license for all types of insurance 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. Security suffered through securities America and members finreg SIPC an advisory services arbiters securities America advisors think carry ons from representative Armstrong advisory group in the securities America companies are unaffiliated. Get the latest on the economy from CNBC senior contributor Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. This segment of the financial exchanges brought you in part by liter bank 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 8776917900. Or visit leader bank dot com for more information. We're joined now by just a lot from the National Association of Realtors I just. Good good. So what I've talked to you about inventory levels whipped. They still an if they give these fees start to beef up getters are still a shortage of inventory. Now it actually islands Europe or here for funny or street not. L it is very difficult I ain't all that meat eat that we're neat straight how it Europe and the I market. So how it's been going down for 24 months. Is it is it is there any indication that people are gonna start listing more homes for sale or is there any indication. That builders are gonna start constructing more homes. So there is one putt I think we have Ian actually it lead it really be released yesterday morning B Allen at 71. And at an art is aimed at Powell could be a good I'm Alan not a I speaker Margaret not. And it's hired any Erica what it that you want and but the problem is it you're thinking about selling beauty commit to any property any dope perhaps the act that Alam are out there. Maybe thinking OK now picket I'm ally have been holding on like in the act pretty out of a marked a great image eat. But those are looking actually move and it held up well. So you you you. You're thinking about selling now but you have a window meaning that you could sell. This year you could sell two years from now right itself for years from now. Is it possible to project what housing prices are gonna look like two and four years out. And we used it that helped create this echoing it read I'm not really be an industry as well as CE eight. And and break continuing and we you expect at a hot and we don't eat elders really coming into the market rate now. I am you can expect I sit and read it not environment. Elliott the expectation at least frightening I think that buyer would have a good opportunity it can I not right home. That the appropriate but there in Lake Mead and all of I I think that now that you agree and if I filled weekend there wildly. Will we seen I think in the last would you would you say earlier check that your your number was what 9% and in Massachusetts not a massive four point six in Rhode Island is it is it a regional thing like is it more. If they fought to a deal increases and price are they more exaggerated in New England than they are and other parts of the country. No we absolutely huge. I and we. You'd do you have any urban areas other than the ordinary eat eat it if I that are right in very rapidly still weary by our spot and you're going to eat it. I actually and that's happening. Now in the midwest areas now people are in and out the good and Allen actually saying it now out the content and I. It and feeling comfortable with the infantry at L all of that market. I'm so really come and imagery here in the California area to be quite typical but earlier home and I got home. I am is match and that's. So what what how did how to people that are in the market like if you're sick you're renting right near. You're you're renting your spending to 3004000. Dollars a month on rent are you saying to yourself what this markets too expensive it's gonna come down. Or you say it like that again in a hurry before goes it doubles again. That is the dichotomy and we are being registered and once I hit it on the field and an hour on the other Anna Brent Barry increasingly our state. You know being that it's not about I'm now more than half of them are saying now advocate and I believe he's not figure actually it's apple. I'm Eric emea portability. Typical. He won and renters think it would be difficult for them to all of I herb market straight out given any situation and so they are in I had it but the label. Our Jessica thank you very much appreciate your time. Just a lots National Association of Realtors. The thing I was kind of hoping to an apostle here not that he be. I expected. To hear. That prices are gonna level out here. That he doesn't south that there's any impetus for the increase prices to slowed. No I still think there's a little bit of room to run there's not a on at this point necessarily just because. I do think you're starting to get to the point where incomes and prices are starting to two was detached from the couple parts of the country okay. But I think you'll get in a lot of parts that have not recovered to the same amount that the northeast necessarily has you know I I think there's room to run you can some of these other more markets in and in the northeast I think. You know the Boston market is proven to be very resilient and that he thought she thinks the northeast is gonna continue to rise I did and that's and saying I think that there's some room to ones that I don't know if there's a ton in okay. Because I think you're getting close in some areas just to reaching you know your maximum that are sustainable for the long run. But that doesn't mean you might not blow past them in the short term just like we did back in 06 of seven. Well remember yesterday we pointed out that. You know in terms of difficult markets to build. Boston is the second most difficult market on Honolulu. I mean yeah that to be was remarkable that report that was a Bloomberg. I think there's still some room to run here I I don't think. Especially just because again this is such a backlog of people that are. Waiting to get into millions either you've got your first time home buyers that are looking to buy or you've got people can get downsized. There is a huge huge demand. For that entry level home and I don't see that go away anytime soon the demographics point to it not go away you're a much in the way population growth. That you don't have much the way population growth which is why the household formations strong which is you know that's getting stronger I don't know if I called strong and it's getting strong. But still got stronger than listen to that number in 2009 is actually shrinking. Oh yeah I mean jet that they were moving in the parents basements. Correct but I think that overall household formation I'll pull up the numbers. It's still is a little bit below. Where you'd like to see it overall pulling them up line first time homebuyers is lower than you would like so if you look at that that region that bolsters Jessica's argument. That the housing market is gonna continue yet stronger because first time homebuyers are still not in the market at a healthy rate. And household formation is on the increase Jessie talk about where where we want to be in terms of having a healthy rate of household formation okay. Back in the seventies and eighties the rate was typically between about 1% in 2% growth from the year before okay. Right now we're point 72% growth from the year before so. Were picking up we're not as slow which we were during the recession and so forth as you mentioned September of 09 through really march of ten. We were in negative territory and people moving back in with relatives just as they had nowhere to go we actually touch negative territory again in December 2013 belief okay. But we're starting to kinda creep back up into that sustainable range. We're not quite where you like to see it's now. He. And to be honest that might be one reason why you're not seeing home construction the way we elected or enough households mormons. You know eat youth in need of an aging society you know bring unity you know we have an aging society where my generation is saying hey. I don't wanna be in this five bedroom house anymore. In in and that then. Nobody wants the five bedroom house that your generations and I'll go with having six kids I don't wanna have to get ya know it's having the kids did indeed that five or six bedroom house like the job market in the sense that. You have. Shortages in some areas right there's a mismatch in an Serbs apply right yeah you you've got probably the right total supply but the wrong content via. Yeah there is very similar actually the job market it is news. A rabbi and seven others were. Charged with public assistant. Fraud in New Jersey right now remarkable this or use the the this family was making one point two million dollars one point eight million dollars in income yup in the Iran foods. Yeah and they collected one point two million dollars in housing health and who benefits by understating their incomes. Oops no wonder people get upset about entitlement programs easy to understand. The Dow up six points at 21416. The NASDAQ is off. 21 points at 6225. And oil's trading at 4410. Per barrel. Check it very signing off for march or match dot com.