WRKO>Audio & Video on Demand>>Full Show 8-22-17

Full Show 8-22-17

Aug 22, 2017|

Full Show 8-22-17 by The Financial Exchange

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

This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. News coming out late last night a change in strategy in Afghanistan Donald Trump going on TV around 9 o'clock eastern last night. And making a big change in strategy there potentially sending additional troops in as well as committing to trying to bring stability to that region. Jerks out here along with Mike Armstrong filling in for Barry Armstrong bear it out for today is well Tucker are mr. Tucker Tucker Armstrong. No it's not really got to Tucker Tucker Silva hoping to be Armstrong. Also run in the board for us and like let's start talking about. The potential changes that are happening in Afghanistan your Donald Trump last night. Making it clear statement that he is going to be adding troops. Into Afghanistan we don't know exactly how many there's no there's still some uncertainty on that front but it does appear to be aced eight change. From his campaign rhetoric to get out of Afghanistan as soon as possible. In a cares what you think this means. For the economy when we look at what what would it would impact this has. On the world stage I don't know that the world economic impact will be that substantially able certainly the impact political dealings I think he had the the. Hard bowl. Discussions he had about Pakistan and really going after you know what they're doing to you assist terrorists around the world and you know just the change of feeling towards the generals I guess was pretty sad stuff thought that was pretty substantial. Dictation from trying to placate. I'm to let the generals do what they need to do and I may back off from that standpoint. Let's talk a little bit about Pakistan's specifically and in obviously. Trump coming out some pretty strong remarks against Pakistan but also. Seeming to move over inside some more with India as well signaling. That there could be deeper alliance forged on that front and those two countries that don't historically like each. No married they've been enemies. Well since the two countries reform dawn of time. And yeah I think that makes sense that we have had a little bit of a rocky islands Iraqi but somewhat rocky relationship with India. Of the last decade after that could be improved and their does needed very clearly there are some issues with the Pakistan government. Which I think is constantly in flux these days anyway it's just not a very stable region and I think that's just you know submitting of that by the top administration. No doubt about it I think the with a one question that's valid to ask is whether or not it is best to publicly. Go after a country such as Pakistan who you do need to help you but at the same time is absolutely guilty. Of not performing. All of the duties that they should be as you know it allies in this war on terror. And so I think that from my perspective looking at it. It actually might be the right move to do that just because for so long. I think we've tried to work behind the scenes with the back channels to try to improve relations and sometimes you need to come out and say look. We have certain expectations. Of our allies. And right now you're not meeting those expectations that's residents say is that I don't think that he would come out with the stroke statements if the back Alley negotiations had an up and work at that I think sometimes it's time to change course and say look. Enough is enough we need to make sure that we are getting what we are supposed to be getting. From our allies and so actually do think that is the right move in this case I think that it makes cents. And I'm hopeful that Pakistan says. You know obviously I'm sure they're not happy over in Pakistan at the journal right now but you hope that after weaker so they can sit back and say. Gee we kind of need the US may maybe they have a point yes one would think that that's what you would hope to see no big surprise in the speech so I think this is all pretty well forecasted during his campaign and this is pretty much on line with what he had discussed during the future. Let's move on to tax reform and interesting headline on CNBC yesterday the silver lining that comes with Trump's troubles tax cut cut odds might be going up why would that be okay. Yeah as pretty wrenching article but if you think about it is some illogical if them. The less and less popular the trump administration. Congress and the senate become muted their favorability ratings have continued to drop. Then more and more the pressure's on them to pass some sort of substantial bill. If they do not get anything done before election time between eighteen and I would imagine they're going to be a lot of nervous. Congressman. Going into this election so I think. Whether or not a full tax reform gets done I I personally have big doubts that they would get a sweeping tax reform done. But some cuts to either the personal or corporate tax area. Seemed like it could be more likely now. Sit here couple questions for the first one. Actually L a won them both at the same time. How do you pay for the cuts and you have to. That's rather I don't think they I don't think they well. I think you'll cut and not necessarily pay for them they rule you know have them be phased out over a period of time in just days they buy them enough cuts to go to this election and say a deal with that after the election do you think the freedom caucus can be on board with package remember we have a big debt ceiling. Debate that's about to heat up in the next few weeks as well. And so the freedom caucus number of those members were elected with a mandate to come in. And limit the amount of debt that the US is taking on and so I have some doubts. Then I don't think it's going to be easy to having it's going to be very very difficult. I don't know that you can get the freedom caucus signed on and I think it'll be really difficult also to get Democrats signed on so if you can't get those two parties sign on the deal I'm not sure I get done but the pressure is definitely higher than it was even three weeks ago. Gonna take a quick look great and I'm gonna head over to up predict I'm curious. As we go and hateful look. At the landscape that there was if there's any predictions a year ago. So these predictions right now this is on predicted dot org it's a it's a market where people effectively bet on political. And happenings okay right now the predictions on an individual tax cut by the end of 2017. 33% chance at that ghost or. On the corporate side. 33% chances well so right now the market is pricing in just a 13 chance that you get some kind of tax cut. By the end of this year whether corporate or individual it's pretty much saying the same for both. Yeah that that's surprising to me. That is that is lower than I would've thought that the the odds be bad on right now I would have thought they would bent closer to 5050. But I tend I think it's closer than to what those odds predict I I have very big doubts that this is going to get done this. The the highest that we've seen on that by the way in the last week or so was about a 43% chance that you haven't individual tax cut okay. And on the corporate side and just pulling those numbers up right now as we speak. On the corporate side there's about a 36%. Chance that you have a tax cut by the end of this year so. Right now still some questions in some doubts out there this is again on predicted dot war. That's where we're getting this data in this leads us into our poll question of the day if you had a financial exchange showed dot com you can vote. Which Reggie corporate tax reform or personal tax reform is this something that bear and I talked about quite a bit that it seems like people would prefer. Something on the personal side because they can see it in every paycheck but I think one of the big things to talk about. Is the potential impact that you can have. On the corporate side because remember your big companies like GE and so forth. They don't pay corporate income tax anyways analysts that you sometimes they've into getting money back from the golf okay. The businesses that are typically Payne corporate income tax are your small to midsize ones that can't go offshore and in offshore profits. They're the businesses where you've got a restaurant it's duel and 500000 dollars a year gross revenue in the guys netting 80000 dollars a year round. It's a landscaping company that's doing two million dollars a year in gross revenue in the guys netting 200000. That's where you often see the highest corporate taxes being paid. And so. The thing you have to remember those businesses that generate most of the jobs the big companies they're typically taught in okay. The companies that grow fastest injure small ones on their growth trajectory up to the big. That are paying the highest corporate tax rates I think. I disagree with this but I believe that my guess would be that they would get a personal tax cut down before they reduced corporate pigs like you said it is our our it's easier optics it's far more popular for the general public. But I'd I substantially disagree with that's the direction that date they should ago I'd. Truly believe you gotta go for corporate first. The impact is so much more substance just think of it from this respect it's easier to pay for two it is corporate taxes make up 9% of US revenues. Personal income taxes make up 42%. It's easy to pave the corporate side it is and think about it this other way to rate if if you're corporate taxes are too high you just talked about a large company will offshore assets and avoid paying it. If your personal income taxes are too high you're gonna complain you're gonna write your congressman but you're probably not gonna move. To another part of the world the pale lower individual. Reveal it there's not many people who say that no sitting around in middle America saying gee I'd really like to leave Ohio for. What were in Zimbabwe but as yet attacks Julia don't know and says that Everest is no I want to stay where I am. And I think on the corporate side what I always come back to. 35% of zero. It's still zero yeah you can't collect tax on money that you don't have in the country so. At the end of the day you see you look at rather quick 15% of trillion dollars then 35%. Of nothing that's right and while we're not collecting all those taxes are stated corporate tax rate is the highest in the industrialized world absolutely is. Let's head to a break when we come back their raft from the Wall Street Journal is gonna join us. We're going to be talking about the stagnant wages. What the deal might be a little misleading on the World Cup while of that and much more from our insurer match dot. Com studios. Trump hasn't passed any significant legislation yet but tax reform and Health Care Reform are still on the table will either pass before the end of the year QB here with Kerry and chuck for the latest on the president's agenda and other markets are reacting. This is the financial exchange radio network. There are two types of municipal bonds and both can be an effective investment tool but if you're in the market for them take the time to learn the pros and cons hi this is very are strong and this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds whether it's general obligation bonds or revenue bonds these investments can be highly effective specifically when it comes to tax on interest earned but they may also have risks that can have an effect on your financial strategy called my office today at 803934001. And request your free guide municipal bonds one of one and educate yourself on the value of these investments that's 803934001. Or you can download the guide right now at financial exchange showed dot com. Securities are for the securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Your financial strategy has to include a thoughtful insurance plan insurance exist to protect your assets. Our friends at the insure a match 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 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 -- leading carriers in the industry Laker bella Plymouth rock and more. Their license for all types of insurance can save you time stressed the money with just one phone call and one relationship. Call today 84499. Match or go online and ensure a match dot com. I everybody's Barry Armstrong and I'm joined today by G-8 tool from leader bank. Leader bank is an extremely innovative bank so innovative as a matter fact that they sell gold. Points right out of the branches you walked in any leader bank branch. And buy gold coins and silver coins for that matter Jake to Li joins me let's talk about your gold buying program. Xperia we've had this precious metals program leader bank for five plus years now. And Dan it's been great because we have customers that will come in in the can buy gold and silver in a variety denominations so they can do one ounce coins from 110 of now Corning's. Speaking negate gold bars and we find there's a few reasons cuss merger interest in it you know you have. Some folks that want to diversify currency risk and buy hard assets. At some of these folks are casual investors or professional investors who do we have some folks who actually wanna buy a small calling it the gift for what a great idea the effort grange I old or during holly so I got my first gold coin it was a gift yeah so we we've been very excited about it you know it's very easy it's not a cumbersome process on whopping to a range later. Client is that locked in when he breaks they brought hundred dollar bills and walked out Google points there you go. We're betrayed betrayed so you can walk into any of the heavy bridges to have seven locations and green Arlington and one in Belmont. When he Cambridge one of Burlington and one in the seaport district in Boston. What and you can go on to their website and learn about their gold buying program some people do it and they do it remotely. In the they pick up their gold when they happen to be in town. The website address is leader bank dot com. And if you talk to somebody about their goal program called them told free. 8776917900. All the details leader bank dot com that tree go. But if you wanna talk to somebody about buying gold coins out of the branch call them toll free 8776917900. Security suffered two securities America ain't members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong represented if I'm strong advisory group in the securities America companies are unaffiliated. Get the most comprehensive weekly economic updates from CNBC senior contributor Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. We've been reporting for what. Probably the last couple years now about the seemingly stagnant wage growth that we have seen inside the US despite. Relatively robust hiring. And you help answer some questions regarding that wage growth were joined by air morass of the Wall Street Journal and Eric thank you for coming on this today. Eric the articles titled how retiring baby boomers hinder US wage growth now being a millennial on the off and on the receiving end of a lot of grief from baby boomer so that the title was music to my ears. Can you talk a little bit about this study from the San Francisco fed and what what they found overall. Sure it does this ever discussed fed looked. People that worse stain in the work force overtime vs new entrants to the workforce. And what they found is that. Those who are staying in full time jobs and whether there's been at the same company or maybe they're moving through different wherever continued fulltime jobs they're seen actually. Pretty strong wage growth wage growth you know pretty close to 5% which is you know very strong what you'd expect to see a real hot labor market. People what they're seeing is younger people and those entering the labor force. Are accepting lower pay relatively lower paying jobs and then accommodation. Because we have. So many of those older workers are well paid retiring. At the high level and so many young people moving in that's what's. Helping keep wage growth in check despite what you said a really strong structure Hariri. What do we see in terms of savings from companies how much they pick up in savings when they get rid of an older worker for younger one. Right so to that the sometimes. It tricky Q are computed. You know there's that you know on paper if that older. Workers. You know they are making this 7080000 dollars in the can replace them with a 40000 dollar you're in college grad. Maybe there's things sorted out and honest but a lot of companies say hey we're spending a lot more money in training because. These workers don't know there's this. Are they sometimes say the education system and really providing them. You know real world skills more focus on liberal arts and a lot of places and not real world skills and then there's the productivity. Those older workers that no. No bid job. You know they're very productive employees of course there in the you have to bring someone new might take them. A several years to get up to that level so the actual cost as much the actual savings is much harder to compute. One to dig into that last point actually is we we've been talking along with the stagnant stagnation in wages. We've been talking for the last two to three years about how productivity seems to just not be moving the way that we would expect with technological advances that we've seen. How much do we have any idea how much of that that the transition between experienced workers to new ones is affecting productivity. Well I you know that's I don't have that image fingertips but I definitely think that that's one of the potential causes that. And if you have this generation. That large generation baby boomers exiting certainly paid out that he experienced a lot of media more productive. Productive workers but there's other factors at play. Including you know technology technological investment mean people think ought to technology is moving so rapidly because. You know I have can. I might be to pick computer my pocket with my iPhone that does that help your work which could that a distraction no. Know there are corporate motto is a snapshot. It. There right exactly exactly so. You know it's not I don't think we're at that time where to get an 1890s when personal computers are on everyone's desk or. You know early in the early part of last century when you know automation it was first coming their factories you know it has not been quite that level of of breakthrough. Like we saw when Internet was introduced that that would sort of propel better productivity so. Work you know kind of waiting for that perhaps an enemy or not measuring this new mobile productivity while either. Circling back to wages obviously you made the point that look if you're at this the same job for awhile or even in the same industry tend to be doing pretty well. But are there any particular set sub segments there that are doing better or worse when it comes to wage growth. What's really interest being that wage growth is concentrated on the highest and the law that they're too good and bad district segments. Our information technology to hide text field you'd probably expect that and the other and restaurant jobs. And that's because there's a shortage. Of you know low wage are low low entry level workers and good. Companies are paying a little more and you seem minimum wage increases and so that's helping push up wages in that area but keep in mind and that's part of what that did in America on this article. Some on the gets racer and allow the ten dollars eleven dollars to 10% rate that's pretty good but that's still dragging down overall wages that are closer to you to one to ten dollars an hour. Absolutely Erik thank you very much for the time we appreciate it. That is Eric morass from the Wall Street Journal what what they mentioned it's interesting is that the continued shortage of workers on the low end of the wage spectrum and what that we've talked about quite a bit is the fact that. You don't have as many kids these days that are working during their summer that the participation rate for people between aged sixteen and 21. Is significantly. Down from where it was before and people say well somewhere you know there's these all these H two B visas for people to come in and take those jobs. He's thirty he's again the American guys there's no in the the American kids don't want. To work as boss poisoning and it's it's kind of sad that they don't to be honest because they're not learning those basic skills in getting. In into the work force at an early age like communicating with other humans. I think things like that I mean it. Mike when did you have your first job. Fifteen or sixteen. First like real real job after fifty or sixty doctor ordered audio. I was around this image 1415 deaths and I would I was fifteen years old I was cashier at Stop & Shop. It paid eight dollars an hour on Saturday's pay twelve dollars an hour time and a half on Sundays race. It and that was my first job that's that's how I learned okay. You actually have to talk to people even if you don't necessarily like them via the person who's yelling at you for something that's not your fault like the fact that you didn't have a product in the store. You have to learn how to deal with them so they don't you know get more angry. Yeah it's it's skills that you have to build and also the as kids you provide again that that low skilled labor in it gives you an introduction into the labor. I remember hearing a lot of stories that you used things within the come to minors and paper route and I distinctly hearing remember hearing stories that paper routes now. While one nobody's reading papers but to had been taken over by. Especially during their session older adults that are unemployed were taking these lower end jobs don't know that's still the case but they're. Definitely was still an impact from the 08 or nine recession of folks being laid off from. John Spain they need to high teens or low twenties and taking these lower end jobs like restaurant jobs like bag groceries and like delivering newspapers and sixteen torn when you're sixteen dead to ruin your old just weren't eligible for him. Definitely been something that that's been having an impact in and I'll tell you again you continue to see declining participation rates for war. Kids in their teens going out in finding summer jobs I think it's one of the biggest problems that we have right now kids get educated. It's been so much time getting educated these days but they need to learn how to actually work and how to actually. Interact with people beyond just you know at recess or with with that with their teachers they need to learn how to interact with people out Ian. The real world. Time for a break when we come back we're gonna Anderson trivia and also. Start talk about the debt ceiling debate that is about to heat up down in Washington you're listening to the financial exchange from our insurer match dot com studios. Making your Smartphone even smaller here don't go mobile lab by surging financial exchange shelf in iTunes or those who. Who played stores this is the financial extremes radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent a busy round leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every moment 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 are strong this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds these bonds are debt securities that provide investors with a relatively safe way to invest and receive tax free income if you're a high tax bracket municipal bonds are investments you might want to review because the federal government is unable to -- interest earned on these locally issued debts conversely municipal bonds are fixed income securities and thus went interest rates fluctuate so does the value of the bonds if you're considering investing in municipal bonds call my office and get my free guide municipal bonds one of one and 803934001. That's 803934001. Or you can download the guide right now at our website financial exchange showed dot com. Securities are for two securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insurer -- agency can prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars with 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 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 save you time stressed the money with just one phone call and one relationship. Called today 84499. Match or go online and ensure a match 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 call lead 776917900. That's 8776917900. Or visible leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Time now for Wall Street watch a look at the market's performance so far today thanks to Darian jug right here on the financial exchange radio network. It is time for Wall Street watch. Markets are open one of the. Best performers so far today is the SW. Up 20%. Today might now granted there's still down 16% for the year after that bomb. Why are they seeing some movement yeah common theme there retirement with all these retailers but she returned in adjusted 38 cents per share they beat estimates by nine cents comp sales. Were up by 06 point 60 point 6% at verses most estimates had them being down by over 2%. They also announced they got 500 million stock buyback program. I think this quarter being airing season we take a look and look at the types of retailers that have actually done well and the few that have done well seemed to be those discount retailers which DSW would. Kind of follow that same category as it TJ Max so good good earnings quarter for DSW obviously still stroke of long term. Ruby Tuesday in positive territory for the day as well up fourteen point 6%. Company's still losing money hand over fist but why are they seeing some good news today DA you know Ruby Tuesday operating that same segment that we had really bad news for Applebee's this quarter they're closing some 160 restaurants and Ruby Tuesday announced a strategic plan dubbed the plan to win. Designed to address sales and operational challenges improving profitability and all of these restaurants have been struggling greatly over the last few years. Again nothing to be blamed on when he was not attending these restaurants Applebee's really tried to have. You know get there attention and colonials and failed dramatically in just kind of abandoned that we'll see if ruby teased me what this plan to win really involves as if it does involve you know. Attracting a younger generation of clientele but other chains have tried and failed. Dow Jones S&P and NASDAQ all in positive territory so far today will keep you updated. On that status as we go but it's now time for trivia here on the financial exchange. And trivia is brought to you by the Armstrong advisory group with plenty of speculation still in the news regarding a market correction. As a great time for review of your portfolios of call our office today at 800. 393. 4001. Instead of your free. No obligation consultation that's 80393. 4001. And we are doing. Wouldn't attribute based on the Massachusetts economy today okay. Why well because we want to it's that's why we're wanted to soak Texas at 68680 if you know the right answer and if you do I get the right answer before anyone else. You get a 25 dollar gas cards to pretty good prize once again Texas at 68680. If you know the right answer. Question is what is the largest employer in Massachusetts. Again Texas it's X 8680. You are first or you are last. Debt ceilings can gonna be an issue soon Mike. Yeah where you are heading into ended September is the the word that we're hearing if we do not. Raise the debt ceiling we're going to be running into us and same issues of not field pay wages and paid desk. The the administration has come ons have publicly we will raise the debt ceiling this will not be an issue although we have seen issues in the past. Mitch McConnell again coming out saying look we are not going to defaults on US debt. Still some questions are now we're down to a month left before we hit that. That mystical number in the sky that debt ceiling so we'll see what happens but again Mitch McConnell coming out and saying hey. We don't think that we're gonna hit it we think we should have an agreement prior to that point. Some news coming out of McDonald's in India. McDonald's breaking off an agreement with. This is pretty impressive actually one of their two India franchises this company owns about a third of the McDonald's in India. And McDonald's is pretty much saying that they're not paying their royalty payment. And that's incredible. But yet they are beating you closing in less they can find to be take over this franchise. Hundreds of restaurants. In India isn't a huge market for McDonald's in India Arab McDonald's has 37000 locations across the globe. India has fewer than 500 but it's clearly a very high growth market for them somewhere that they are really trying to grow and this is a yelled. Big is a big gas speed bump but. But this this franchise he owns as you mentioned about a 169. Outlets. So McDonald's now has to go and find another either one franchising your multiple ones. To try to take over operations it seems like the company that owns these stores is saying look we want to we were gonna try to fight this but. I don't know if you really fight McDonald's and win on something. Guys have my doubts. I wonder if McDonald's would consider just taking these over. They they they own most of the international. Franchises for McDonald's. Internally and they've been working on franchise Knox it's far more profitable in just a lot less operational headaches McDonald's. I mean can you consider really closing more than a third of your locations in such a booming market like India. No I mean you it would be a pretty pretty significant move for them to do that and and part in the the pun here but it's it it's a pretty significant pick up for the company. After a couple years of pretty good growth under their new CEO Steve Easterbrook. Who's taken the company's stock from under a hundred dollars a share up to 159 to out so. You Easterbrook has done a phenomenal job at the company. I don't really have any doubts that he'll be able to get this squared away but it's a headache that you would figure. When you get to the point where you own a 169. McDonald's you pay your franchise you would think that you have a good relationship with the company at that point so it's a little one usual. To be seeing this year at this point with McDonald's. Quick word from our folks at Cushing and Dolan you've heard us talk about Todd wants ski. And his law firm Cushing and Dolan for years and taught as an expert in elder law and his help families like yours for more than thirty years planned for later life. We're here to tell that Todd has a brand new guide out this month with an update on Medicaid the debate over health care remains in the news. And Medicaid's a huge part of that discussion if you paying attention you know that is a major point of contention so you wanna take the time right now. To call 866848. 56998. Get your copy of tides three died. The Medicaid rules change almost every year and elder law experts Cushing and dole have updated all the pertinent facts and figures in their 2017. Medicaid planning guide called now for your free copy at 8668. Rory. 5699. There was no us on the computer you can also download by logging onto our website at legal exchange show. Dot com what Cushing and Dolan do for you woody has done for so many others protect your family and its assets. Call now to get your free guide at 8668485699. Once again. 8668. Foray. 5699. Or download it right now by visiting their website legal exchange show. Dot com. Europe finally starting to what end quantitative easing soon according to ECB president Mario Draghi. Dad looks like they'll be discussed this and pretty big DT Alan Jackson Hole over the next few weeks. The look at the European economy and it has definitely improved but may and you compare that the US numbers and the I guess the high bar for improvement juniors and is just. Mine by the unemployment rate right now nine point 1% vs eleven and half three years ago growth growth section not terrible 2.2 percent about the same as where we are vs one point 1% three years ago. It's improvement that. And is that good of improvement today e.'s quantitative easing. I don't know. Well in any other thing you you gave kind of those top line numbers as far as unemployment. He and that the EU but the fact is you you go through some of these countries and you still have you know unemployment over fifteen or 20% in some cases I mean it's. The beauty Reese look at Spain to Portugal. Yearn rough shape and someplace you know it's if it's a real problem when you look at some of these countries this is a pulled up on trying to get the most recent data. That I can find here and unfortunately it's still from wild don't see if I can get anything pulled up. From little but more recently here we go so. You know east of some of these countries Europe as a whole again is over. 9% right now. But you don't through some of these year and it's pretty shocking to see I mean Spain's obviously Spain's kinda ground zero. Spain is seventeen point 2%. In the month of July okay you go when you take a look at Greece as another example here. Greece still has 23%. Unemployment. As of last October. Let me 22% now but it's not good okay. So it's it's so segmented in the EU because you go and look on the best case scenario Germany's got four percentage point higher. Near the German Economy is still just chugging along at this point. But unfortunately you still see some areas that some real problems here continuing to talk a little bit about that Jackson Hole meeting the dollar. Is an interesting discussion point as we head into. That Jackson Hole meeting just as there's a lot of terror that you might see a little bit of a rebound after the dollars weakened Cigna. I mean it give you could see some mean reversion here has really taken a hit this year which has been great for corporations in a US companies have really done well on this and investors have been happy about it. But you could sealed deliver version here is. If you CD and quantitative easing perhaps the year catches up a little bit. Perhaps the Mexican pesos catching up will be as well. Let's take a break when we come back it's doc talked time Nina mishra from Zacks is going to be joining us we got a couple picks to talk about to make sure that you stick around and listen to the financial exchange from our insurer match dot com studios. Trump agenda has stalled. But there's still much to discuss Berrian should get the latest every day beginning its end only here on the financial exchange radio network. You've heard -- talk about Todd -- -- and his law -- -- and -- and for years taught as an expert in elder law and he has helped families like yours for more than thirty years planned for later life hi this is very are strong here to tell you that Todd has a brand new -- out this month with an update on Medicaid the debate over health -- remains in the news and Medicaid is a huge part of that discussion to take the time right now to get your free guide call 8668485699. The elder law experts like -- and -- have updated all of the pertinent facts and figures in their 2017. Medicaid planning guide called now for your free copy at 8668485699. -- -- and -- do for you what it has done for so many others protect your family and its assets call now to get your free -- 8668485699. That's 8668485699. Or download it right now by visiting their website legal exchange showed dot com. Your financial strategy has to include a thoughtful insurance plan insurance exist to protect your assets. Our friends -- the insure -- -- agency can prepare personalized plan that gets you the best coverage of the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars if that describes you you're the perfect candidate for free consultation to make sure your property and family are safe and properly covered will also dig out all the discounts preferred customers like you can qualify for call insure a match to compare multiple rates and carriers at 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 can save you time stressed 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. Hi everybody it's very Armstrong and I'm joined today by pot luck ski from the law firm of Cushing in Dolan. We're talking about protecting your assets from long term care expenses taught. If a spouse enters in nursing home Howard joint bank accounts and joint brokerage account like investment accounts mutual funds share are they at risk and and and how does it vary for single individual. So if you're married doesn't matter whether it's a joint bank account our joint investment account. Everything. Is considered accountable for Medicaid eligibility and you know what else there that's not mentioned here how about IRA accounts. IRA retirement accounts also at risk for the cost of long term care so it doesn't matter whether to joint brokerage or joint bank account. You gotta put all the money on the table. And start from there. Different however when your single engine right so when you're single they have a different rule. Joint bank accounts with a child you throw to hit on as a joint owner right they do it all the time. If you do that then the joint bank account is deemed 100%. That risking. Unless you can prove that that other person put money in and we know they do it again you know look who Social Security numbers and look who's. Pensions going in there and look who Social Security's going in there. That's for bank accounts. For investment accounts fidelity account of the world right it's deemed. 50% or pro rated. Based on the number of owners on the account so if there's a spouse if there's one child on there and 50% of it would be deemed. Not at risk so interesting distinction between the two. But advanced planning always the best. Learn how to protect your assets from long term care expenses by calling Cushing and dole and at 8668485699. You can download this month's guide. By going to legal exchange showed dot com that's legal exchange show. Dot com or give them a call told Parikh. 8668485699. The financial exchanges live on FaceBook and YouTube watch Barry in show and discuss the issues of the day and see which one smiles the most. Days as the financial exchange radio network. Well we had the trump speech last night about a refocus on Afghanistan it has been a tremendous year for defense companies we are joined now by Nina mishra from Zacks investment research discussed. The iShares US aerospace and defense ETF verse that ticker symbol ITA welcome. I. That you that sentiment and it is and that and dog and two that aren't that. Yet but it is political attention sure about why these dog has done its bit rising tensions between the US and North Korea. And did they have don't those to US missile strikes on stadium. And we could see some more evident that they might not Korea in the coming days as you know. The US and South Korea have packet there and not military exercises. On the Korean Peninsula. And activate not there yet attempted the US and do you would keep our assets. Defense. That'll. Today all of the because if it didn't sound that that he would expand the US through it and now Afghanistan as you mentioned here. You stock has gone up significantly. Did the election. And that income promised it would different. Spending significantly. In fact that the the one complete. Map of it is looking like more the eight. And these talks have continued to book all of them and then not use the despite budget cut and they US and go out because many developing countries including India you leave Tokyo Arabia. And I do have in these they're good at bending over the past. You use. And now some bad if people are those called wearable in US defense spending that should also be positive qualities. To. Near I see you take a look at the one you're trailing history on these the either of these exchange traded funds the spider or the iShares area and you look at tremendous growth over the last one year do you feel that a lot of the easy money has already been made on here are you really betting on much more of geopolitical have Ecstasy continued growth of these funds. Yes the world this definitely becoming numb and increase the news that it but it can be either. Continued stable and at the net during buying not very active in Asia and the Middle East. I think an and practical side of the bet that the other than doing. Because no clue that would have been picking up. And that benefit but on the side on the inside of the best at it that they would rather than on recognizing. But it that Lilly and imaging market. They've been known about Boeing is the best performing stock in the Dow that he had. And best selling smaller plane. And if you look at the dining. The second point any of these companies that what could be something that they gave. And B has seen a night and I have been estimate but these companies. That actually does the deposit that I'm positive on the dark and each year. We won't let wouldn't eat it that in these guys. Them upon strong. Is there much of a difference between the two that you mentioned so there's one the iShares. US aerospace and defense it ticker symbol ITA and then the spider recipe. Aerospace and defense ETF ITA vs XAAR do you see much of a difference in them and cost or you know what they're really allocating to. Yet third that it and that if that the defense and caused. The first one I he is happening in Asia like if we're being the that is despite a product hasn't been to Asia painted by that point. But the main event. I see it as market cap capitalized patiently it. Read it X it is equally it so if we're on it. Wounding an almost. Equally be it not to be an amendment that single company at a but at the same time I tee it has a market cap be it product. Both on they will be picked or not. XP if via because bullying as it. Top one thing but more than eleven foot and wheat and Boeing have done better idea. To idea on. All the booked on outperformed XP. All of these EPS. Down significantly. And competitiveness and besides it. Well you know pretty dark bet to be making but it's certainly paid off this year and like you mentioned were the few trumpets that have worked out thanking you for joining us appreciate it thank you. The ticker symbols on both those IATA and X they are they they have been incredibly good performing assets so far this year I'd I'd do hesitates you know make such a big bet on reside. I wanna say you may have seen some of these you returns in these holdings but. As she said yes certainly if you see continued geopolitical uncertainty the just the demand for these contracts continue to go up and up we just saw. This morning announced that the drug administration is handing out some money to believe who is Boeing and made. The he briefly on and on redoing the nuclear system here in the nets if the minimum three. ICBM system so that player might go around. It really just depends though on. How things heat up record down internationally. No doubt about it in this segment of the financial exchange is brought to you by leader bank with leaders Zuma rewards accounts. Yet 1% cash back with a debit purchases in an extra 10% back when use your card. At featured businesses to qualify for these and other rewards. Cult leader bank. At 8776917900. That's 8776917900. Last segment we did a little bit of trivia. Our question was what is the largest employer in Massachusetts. Correct answer. Partners healthcare 58004. Employees. Coming in second was university in Massachusetts with 24000. And Stop & Shop was third with about 22000. People in the state partners. The largest employer in the state and web the right answer. First transfer is David from north and overtaken Maria speedway gift card and trivia today is brought to you by the Armstrong advisory group. The plane speculation still the news regarding a market correction now's a great time for review of your portfolio. Call our office today at 803934001. And set up your free no obligation consultation. That's 803934001. And by the way if we if we take a look I'm pulling up the the data right now for the state of Massachusetts. Okay. I'm just to you know opera now so we know that partners has about 58000 employees at the moment which is just a huge huge number. Overall. The state of Massachusetts and getting the full data just for the entire state just that we can take a look at it. Don't have any act it wonderful when you have to go and edited for the but the state of Massachusetts hole I think oil has somewhere. In the ballpark of late three and a half million employees they've got like 2% the state work there's just rate then I bet it's more concentrated in other states. I don't he had at the concentration of single and probably isn't this all state and Wyoming grounds out. I can see that I could see that. That's all the time that we have for this hour for Mike Armstrong talkers Silva. And jokes are we appreciate you listening to us and you've been listening to the financial exchange. From our insurer match dot com studio. Hi this is very are strong this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds these bonds are debt securities that provide investors with a relatively safe way to invest and receive tax free income if you're a high tax bracket municipal bonds are investments you might want to review because the federal government is unable to tax the interest earned on these locally issued debts conversely municipal bonds are fixed income securities and thus -- interest rates fluctuate so does the value of the bonds if you're considering investing in municipal bonds call my office and get my free guide municipal bonds one of one and 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 are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great 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 there are 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 leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member FDIC equal housing lender and Miller 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 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 will also dig out 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. -- nine match insure a match works with a leading carriers in the industry Laker bella Plymouth rock and more. Their license for all types of insurance can save you time stress the money with just one phone call and one relationship. Call today 844 or not. Regarding municipal bonds a lot of you've heard about municipal bonds but you may not understand. Weird they could fit into your investment portfolio Chaka wanted to talk about the different types of municipal bonds because I think that's a good starting base for this conversation. Yeah and in general there are two major types of municipal bonds there what we called general obligation bonds GOs and then we also have revenue bonds general obligation bonds tend to be a little bit more stable is that not dependent on any one type of revenue coming from a state or city but rather their backed by what we call the full faith and credit of that municipality Eric. So are there are ones that are more preferable to others currently Q1 would what would you consider one type of municipal bond. To be safer than another general obligation bonds tend to be because they can pull revenues from any stream coming in in order to pay. Those bonds revenue bonds on the other hands are typically coming from one source and airport's revenue sports teams revenue something like that. And because of that they tend to be a little bit more unstable but he can also get higher yields on revenue bonds that's the trade off the face. Ari folks there's a lot that goes into the process. Of buying municipal bonds and you might wanna call and receive our guide its municipal bonds 101 guy it's available for the entire month of August. In you can call our office porphyry at 803934001. That's 803934001. Or visit our web site financial exchange showed dot com and receive the guide to municipal bond investing it's a terrific guide available during the month of August 803934001. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are for to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally we just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. As you near retirement age it's very important to make sure that your state is in solid shape hi this is very Armstrong and if you listened to Todd -- he's weekly show the legal exchange you know that he's an expert on -- life and a state planning the Medicaid rules change almost every year and Todd has a new guide out this month that will educate you on the most up to date facts regarding Medicaid it's the 2017. Medicaid planning guide and you can receive it right now by calling 8668485699. Taught in his staff at Cushing -- Dolan the experts and elder law will teach you how to reduce your state taxes avoid probate and protect the assets you've worked so hard to -- get their new guide the 2017 Medicaid update by calling right now at 8668485699. Cushing and Dolan has been helping families protect their assets for more than thirty years let them help your family 8668485699. That's 8668485699. Or visit legal exchange showed dot com. Your dream home is within reach with a Jumbo mortgage a loan from leader bank they're Jumbo loan program designed for financing an excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by a leader bank's local underwriting and processing teams traditional 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. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in -- savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice -- don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new -- savings account that has a one point 15%. Annual percentage -- and no minimum balance and remember this product is only available online so logon to leader bank dot com right now -- leader bank dot com -- -- a step ahead. And me. This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day. You're world stay informed and today about economic and market trends plus breaking business news. And the initial exchange with Barry Armstrong and trucks. Ladies and gentlemen. Get your rally caps on the market is moving back up after a few days. Of weakness trucks got in here along with Mike Armstrong filling in for Barry. Tucker Silva with this as well the NASDAQ up 1% today. Little bit of a relief rally coming after a few days of weakness in the market the Dow also 123 points the SP up fifteen. Bonds are selling off a little bit the to your treasure up 2.2 percent. And taking a quick look at some your big commodity prices out there right now. Gold down to 1291 we are over thirteen hundred last week briefly and oil up to 4772. Still pretty close at forty it rains we've been in. For the last couple days. Again Mike we're pretty decent start to the day here so far. Be adjusted to see if we maintain this through the afternoon session but it seems like some of the tensions that we have the last couple days. Are done at least today good early news. Too bad only can say let's talk about millennial because there's nothing better to talk about. Than those pesky kids who won't get off your lawn and won't go to war out of your basement. The they're going out of the basement there are partly this is that this is some interest in data that we're seeing according to zillow. In that millennial age eighteen to 34. Have become the largest group of homebuyers and more importantly. Half of them are moving to. Sauber that's right half of them live in the suburbs are getting more of them are moving there. But they are starting to fall along their parents you know the parents as their boom or the birds and bind big suvs. Sales of large suvs have jumped 11% this year. Compared with 9% for midsize and 4% for small suvs so you're seeing growth in that area it's mainly being driven by. You know that generation that always said there are never gonna move out there and delayed having kids they're finally starting to do it. Like you're the verbs at this point and I've got kids you've got kids do you have the big truck. No I think we are getting a big trauma so here's the thing we bought a gas Honda CRV. So small for about a year ago small suvs. And we've had at the can fit most or stuff and it if we have a single other kid or get a dog were to buy a bigger car. You're at that point don't rent at that point Terry if we have anything any more stuff memory of the Ryder. Cup and stuff do you have that wake what what fills up all that space as this I think it is as a non aspire are so yeah suited to kids have that Nokia's. Twin kids. There are a lot of counsel so we wanna go anywhere where we need to bring these weigh less than believed strongly that there. The Kenya we've supreme both of their currencies we need to be bring play panel whatever bowl mean to bring true different cribs and asleep and why. Because they sleep in one of these can each other in the face on the way to Canada and the problem. Then view the parent had to deal with Evan wake up at 3 in the morning and cried out. What I don't signal he's only. You add all that up the stroller huge the the port a cribs are pretty big and and obviously disclosed that went below it are the stroller instead of one of those things that you just strapped it to yourself. Please I don't know gobs of seriously I see funny people with those they look great. Do yeah it's it's like you've got a kid in a backpack. So we have those of one we have a running strollers have to go for Rania brain but you have different strollers depending on how fast you wanted to revisit disease one is just are running mr. And oh and that hiking backpacks yeah if you wanna go for a hike. Those things are huge. What were what put them in the back to say Qaeda you put kids in the Oca which case you don't need the stroller but I'm just trying to figure it adds up jacket ask any parent how you know how much stuff there's debris anywhere they wanna go for somewhere from more than just. A day you wanna go and overnight it fills up a car very quickly. I'm just wait just wait you cynic I'm just not my silence isn't a sign of an it's it's just. Silence on a as we said on the one heels are starting to finally move out. I know an awful lot of baby boomers that are thrilled at that news now snow an awful lot of baby boomers who are saying my millennial is moving out yet. We're Gannett Tucker you've been in the board you've never you what you haven't lived in this city correct no I've only stand via birds since are your plans to stay out in the birds he had preferred the outcome I'd much of his I enjoy the city but living there now. And now from me and you and I are still both on team no kids no no SUV. For now. Presented to the ring yet is that both that is the first little crackle tiger's armor by the way up. That's my first crack we have mark dictate talker holy crap that was big that was the first little crack I've seen crack I thought we are in this together man. We are we are I thought we are in this together sleaze both the idol in three years. That fanatics that's well yeah write it down. With my insulin or that's a law that's at ease might you just stepped into the hornet's nest and easy for you just stepped into the hornet's nest continuing to talk a little bit about Holmes told Brothers profit rising forty point 8% in their most recent quarter. Yes so big homebuilders doing well and you've seen obviously price median home prices have just continued to increase really as what part of what you've seen is the older generation not moving out of their existing homes. For a number of reasons one they're living longer dated previous generation. Moved into. More assisted living facilities and sold out of their larger suburban home in what you're seeing is the economics just don't make any sense anymore downsizing isn't all of that. Economical with the housing market is so tight seed got these folks in these older homes are selling and there trying to. Increase supply here in there told Brothers having a really really strong quarter because of that and told Brothers is a high end who handled. This is their main columns that are up to you two million that there is they're they're not building the 200 to 250000. Dollar home I think their average job cost is somewhere in the range like 7800000. Typically yeah and they are doing that parent frankly that lower and area the first time home bear buyer area is really the supply that this market needs. You talked to anyone retiring you know six the 65 year olds there retiring and they've got this big home that they raise their kids and and they go look at Americans and really I'd like to downsized from my 2503000. Square foot home and to. Yes a 1015100. Square feet and they can't find anything it's the same it was the same price to go movement one of these smaller homes. Let's talk a little bit about the effect this has on home builder stocks because obviously we just talked about told Brothers have being. And I salute court here but homebuilders stocks are up 31%. This year compared to 8% for the S&P 500 and so. Though a lot of these home builders are starting to get a little bit expensive. And I'm curious if the fundamentals are backing that up or if it's just been a rally based on expectation. I think it's been a little bit of both certainly some of the fundamentals around home prices home sales. Are good and that is good for home builders. But the issue that you have here is the did the labor market I think he's going to be really really difficult for these embellished finding qualified work to do this work and trying to. If they can't trying to raise wages and pass those along. To the consumer is going to be increasingly difficult. How much stickiness I guess do you view did you see on wages for homebuilders right now is we continue to talk about how homebuilders say that they can't high. Yeah and they say they we can't find enough we can't find a carpenter's we can't find a plumbers we can't find a electricians. At some point they have to start paying those people more. And in particular I talked to a lot of folks who were in construction down south in the waged for construction down south are not what they are. Up here in the northeast you're not you're walking in and saying okay you know as as a journeyman I'm gonna be getting. You know 20/20. Twenty dollars an hour or something like that down south might be twelve or fifteen. And so at some point we just have to start coming up and I mean take a look at I mean. Take a look at this specific sector. This this survey that. In a surveyed homebuilders Yeltsin labor costs were up an average of four point 5% vs a year that's at a golf wave but it's way above the national that's not enough. And that's it if if you really have a shortage of workers. Yeah those wages need to be rising fast otherwise you sit there and say I've worked it can be done that we're not do. Of that absolutely straight I think I think for what ever reason. Companies have been very hesitant to spend money on labor they spent a little bit on equipment recently we finally start Z a little bit more capital investment. We're still not seen the labor investment that we want to see. We aren't big. There's a big supply issue to a lot of people got out of this. Area of the workforce back you know eight or nine when this market fell apart a lot of people left and not a lot of people have gotten back into the number of people entering the you know homebuilding in the skilled laborers to do that sort of work really were frightened by that housing. Crisis back and when he laboratory. On nine through 2011. Wrapping up with a little bit more housing data another month of higher home prices in Massachusetts for the month of July. The median price of a single family home jumping five point 3% to 400000. Dollars pretty incredible number that really it's it's really him blew my mind here is that inventory down 29%. Compared with last year in the masters that is really scary in and out the word is in in Massachusetts right now inventories are somewhere right around three and a half to four months it's it's incredibly continues to be tightening average home in Massachusetts. This across the entire state. The average home is selling at 45 days which is two weeks faster than a year ago is still a stellar art market is so tight here in Massachusetts it is incredible and it's it's largely because of the the jobs that you've seen coming in they tend to be a lot of high end jobs with a from GE. You've seen on the tech side Amazon has been very quietly hiring a ton of people in Cambridge recently. But he continues seal lot of highly compensated employees moving into the state right now. And it's good for the economy as a whole. But it eats its meat house and so expensive really good at six or seven just accident journeyman electrician 25 to forty bucks an hour for nonunion. It's that's real money talk and 50080000. Dollars a year. It like. If you're sitting there right now saying. Do what I want my kid to go to college that should tell you they don't you don't have to like you can sit you can send him to traits will send to school. And they will be able to earn a living in you can't outsource those electrician John. That job and whatever and outsourced to India you cannot outsource plumbing. And by the way. You do those jobs at other people don't have the skills to do what's your irreplaceable. Like it's. It is very difficult to find people. To do those jobs you go flat or any contractor right now and say hey how far out are you with with work. 68 weeks no news it's it is a long turnaround times get any kind of meaningful worked on. At this point. Let's take a break and coming back we're going to be talking a little bit about a lawsuit that Johnson & Johnson is dealing with as well as an update on China's great wall motor potentially looking at the Jeep franchise. That's coming up right after this break from our insurer match dot com studios. Even without health care or tax reform the markets are surging get the latest info on the sectors that are winning and those that aren't right here we Berrian chuck on the financial exchange radio network. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now its leader bank dot com 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 mentioned in seeking prepare personalized plan that gets you the best coverage at the best price call insure a match at 84499. Match let's before for 99 match many of our listeners don't know home and one or two cars -- that 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 and 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 continued time stressed the money with just one phone call and one relationship. Call today 84499. Match or go online and ensure a match dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over New England to go to financial exchange showed don't come and search for the station closest to you this is the financial exchange radio network. We do have a whole question of today folks were talking a little bit earlier about the the prospects for tax reform. Our poll question on financial exchange showed dot com had right over there right now and vote. She corporate tax reform or personal tax reform Tucker what are we seeing I'm voting so far so far corporate tax reform is leading the way it's 72%. In that arsenal that is so that's an informed audience right now is an indication audience. That's an informed audience right there story out of the New York Times state Johnson's baby powder. Being forced to pay a 417. Million dollar settlement related to las can't. You deaths. 21 cancer one can't answer that that that was the big thing for me I thought this was some sort of class action lawsuit with multiple different people. This was one individual was awarded 417. Million dollars. Do cute Johnson and Johnson's baby powder. This is this could be a really big issue this company if if the science backs this up there obviously gonna appeal this. Their back you know falling back to a few studies that had not shown a link but if there is a significant link and if they can prove that Johnson & Johnson was aware of it while marketing this. It can be a really big issues I mean is a tragic case if this is the case then Ian Johnson to be patter causing cancer for redeem. Decades. It's not years and have kids it's not recommend about pediatricians anymore that thing you put Johnson did advocates really yet it pretty much say do not use it. While that's another thought those like a staple. Like while they say how 88 except in rare circumstances and using otherwise he's like. It's stuff like that they do not use patterns in Austin. Interesting but this off 470. Million dollar award. Going from able oh loss injures Los Angeles jury making that award here. To a resident of east Los Angeles. Updating you on a story that we initially covered yesterday. China's great wall motors. Saying okay we we may be interest in buying Fiat Chrysler's Jeep division Fiat Chrysler saying. We we have heard anything great ball. Which to me scene sounds like okay they're definitely negotiations it would it would seem to be that that's the case the always come out and denies things are now there's nothing going on here because you don't want it you don't have to discuss the negotiations publicly you want these behind closed doors. He'll want. Public opinion you know deciding how you make this happen you just want it to happen. How do you. Feel about it in the book we see this so often with American companies result would Budweiser revolves around Budweiser was no longer great American company south African company. How do you feel about a company like Jeep being owned. By. Another and another country effectively. I I wasn't crazy about you know it becoming owned by an Italian company I would be really not great I don't own a Jeep I I haven't dread I haven't on the Jeep. If I were going to own go to GB of you were considered on my list before. Having it being owned by a Chinese company would definitely determine interest and. It's it's just it's just it it's there's certain things that are those American symbols and it's you sit there and I get that it's the world that we live in and look they've they still there's still there's still good Karzai get put. It's just not quite the same I agree it's just not. Quite the same for me I don't I don't know if I can really back this up with my logic that. For me having it being owned by an Italian company is not great. I would still consider one being owned by Chinese company makes even worse from I am not sure in I would buy G knowing it was a bad Chinese company. The US stepping up some actions on us and Chinese firms aiding North Korea there are some sanctions announced earlier this morning. What are we seeing here might. This is this is pretty big so. As we've done in the past with you know I ran we're going after the banks that have potentially helped North Korean. It helps Chinese companies get money into North Korea basically by buying coal produced out of North Korea. The difference here is they're going after some individuals and companies that have never been named specifically as I don't do you do not do business with these companies they are going after some you know some banks that produced during. What looked like regular transactions. Now they're going to try and sees those funds and potentially trying to cut off more money from getting North Korea if it seems like every day we do move closer one step closer to a trade war with China via. The it it seems just that that is the direction that things are building in. Both the talked yesterday that we covered about. The exploration of but Chinese defense of intellectual property. And also you know we've we've heard Wilbur Ross be very outspoken. But some of the dumping practices that China is undertaken. Specifically with regards to steel and aluminum historically so it it seems like. On all fronts you're starting to see. So some tensions that are really building early is coming to the surface of this. Yeah there is certainly seems to be a lot more activity on this front I think this is you've got to go this way if you're trying to deal with north Corey you need to shut off every flow of cash to that country. Promise when you're dealing with the Chinese you're trying to deal with the Chinese in stemming that flow. And that's really really difficult with I ran you know there are much more. They seem to be a lot more isolated they didn't have his big powerful allies as the Cha as you know beat Chinese in the north Koreans haven't China. Let's do a little bit of trivia here on the financial exchange Texas it's 68680. If you know the answer to this question. And if we get to answer first you get a 25 dollar gas card. Let's see we're doing trivia based on the economy of Massachusetts today. And we're gonna make this one it's going to be a little painful for people answered his you know it's a question that strikes in her for a lot of folks. But the question is what is income tax rate in Massachusetts the state income tax rate from Massachusetts. Texas is 68680. If you know the correct answer begin at first you get 25 dollar gas card. Once again Texas at 68680. What is the income tax rate in Massachusetts. In today's trivia is brought to you by the Armstrong advisory. With plenty of speculation still in the news regarding market correction now is a great time for review your portfolios of caller office today at 8039. Victory. 4001. People finances questions the only thing I think about it retiree that I'm seeing a ton of wrong answer now I am seeing like I am seeing so many wrong in a state income tax vote not federal. I'm still seeing wrong answers while Billy. Literally I think were less than 50% right. C'mon folks it's that tax choose answer on this is bad and if folks are talking at the state income tax not a sales tax not the federal income tax the state income tax 68680. Some answers but awful lot of wrong ones. Let's get it together folks here listening to the financial exchange from our insurer match dot com studios. You've got Barry Armstrong. Financial exchanged a look I mean Cilic in new radio network. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader bank. A step ahead there are two types of municipal bonds and both can be an effective investment tool but if you're in the market for them take the time to learn the pros and cons hi this is very are strong and this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds whether it's general obligation bonds or revenue bonds these investments can be highly effective specifically when it comes to tax on interest earned but they may also have risks that can have an effect on your financial strategy call my office today at 803934001. And request your free guide municipal bonds one of one -- educate yourself on the value of these investments that's 803934001. Or you can download the guide right now at financial exchange showed dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. You've heard -- talk about -- -- he and his law -- -- -- -- for years taught as an expert in elder law and he has helped families like -- for more than thirty years planned for later life hi this is very are strong here to tell you that Todd has a brand new -- out this month with an update on Medicaid the debate over health -- remains in the news and Medicaid is a huge part of that discussion to take the time right now to get your free guide call 8668485699. The elder law experts -- -- and -- have updated all of the pertinent facts and figures in their 2017. Medicaid planning guide called now for your free copy at 8668485699. -- -- and -- do for you what it is done for so many others protect your family and its assets -- now to get your free -- 8668485699. That's 8668485699. Or download it right now by visiting their website legal exchange showed dot com. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of round date with easy round leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dogs he ran dot meant to learn more or call 7816418691. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure a match agency can prepare personalized plan that gets you the best coverage 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 like you can qualify for call insure a match to compare multiple rates and carriers and 844 and 99 match that's 8449. B nine match insure a match works with a leading carriers in the industry Mike Rabelo Plymouth rock and more. Their license for all types of insurance can save you time stressed the money with just one phone call and one relationship. Called today 84499. Match or go online and ensure a match dot com. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I'd been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new east savings account that has a one point 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now -- leader bank dot com leader bank a step ahead. They say video pads ten pounds. But don't tell Barry in charge the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. The trivia question prior to the break with what is the income tax rate in Massachusetts. The answer is. Five point 1% it's not five and a quarter it's not what five point 15 it's not six in the quarter. It's not 37%. It's five point one Mike whether an answer for a straight answer Thomas from from actually actually. Tribute today is brought to you by the arms jarred by wait hold on hold on hold yet you got that right weight you've got that right at first editor at all Nashua, New Hampshire. Oh come on message you it's probably moved from Massachusetts national idol to boil five point one does it take time signal to get down here it come on. Today's brought you by the Ernster advisor group with plenty of speculation still in the it's still on the news regarding market correction now's a great time for review your portfolio. Call our office today 803934001. And Centre free no obligation consultation at 80393. 4001. Some of the better answers that we got just to read off follow up from 50 wait too damn high. So kind of like the rent it's just too damn high correct yes from from 203. That's that's me note to a seven's main wares to a three. Three Connecticut honor to. Connecticut you'd spot on as doesn't matter it's too high regardless I understand why you feel that way. Let's see who well what else we have we got another too damn high for 617. Feels like 99% from 410 really that's. Pretty good oil from the 978 Elizabeth Warren just heard station she's raising the income tax to six point 25. From 860 Napster what you're looking at there isn't any state income tax I don't know if you've ever been here but there's nothing that doesn't get taxed Massachusetts. What what else do we have here. Yeah that probably the best ones that we have let's let's get it over talk a little bit about FaceBook well okay. In article from business inside the title is FaceBook really is losing team used is to Graham and snapped chat. What what are they looking in terms of data. Well sir you've seen pretty substantial drop offs really connect twelve to seventeen market did fell 3.4 percent. Is bigger. In. The the eighteen to 24 market was down three point 1% in that he reformer the good thing for FaceBook is they own their main competitor witches and Seagram which is where these folks are going yeah I think the downside for FaceBook if I were to guess I don't think fees for brakes on the saudis but their revenue per platform. I would imagine the revenue generation on FaceBook is ideal high and it's. Here's my eight where where I stand on this at a certain point it doesn't matter if you're losing the team users. It doesn't matter as long as you picked the Muppets. And so we've seen plenty of companies that have run a business based on teams that gun. Out of business because they can't keep those people around because we know the teams are flight we know what's called day isn't cool tomorrow. Look at MySpace look at Twitter. We'll keep group leaving go down this whole list of tech companies that were social media companies. That failed because yet it O'Grady of the teens. But all of a sudden they move on to what's cool what I if if I'm looking at a company. I say I want people who were born I want people as they get into their twenties and thirties because that's where you really have that that's where you say okay. Those people are going to be lifelong consumers of my problem but here's the problem if you have those people moving off the platform what is the likelihood they move back in the later years. With something like FaceBook which is so credit like the value login any website now. Yeah how his time as you put your credentials. I space I'm not fine and I I don't know I think if you lose those twelve to seventeen year old in those you know seventeen Detroit five year olds. Convincing them to come back weighted down the road I'm not sure that works. I'm not knocking that in any case the still inside the basement ecosystem they still are residents of grand they are still within that ecosystem as long as FaceBook can generate the revenues that they got for FaceBook in in Seagram which I I got a caveat I'm not sure that they can't. That should be our. And Tucker I'll make a bold prediction if you wanna put it all right stand by by this time next year. We're gonna see an article with the similar title about snapshot. Guarantee you they're losing their their teams to someone else certain it's like it's just it's just how it is I I just. I've seen it before you know I remember when everyone was off base was losing all their teens to Twitter and have what's it about what is going to be the place to be. Does anyone think twitters the place to be now. I think to fury. A journalist or news Ellen yeah but for the average pretty average person out there it's it's just in and I just think that you're gonna see the same thing. With snapshot it's it's what's hot right now. But I don't think it has the staying power and FaceBook has been able to build. You on moss spent the weekend making changes to test those cars mostly because he was listening to feedback on Twitter. This is more reasons that I didn't really impressed by this company is the CEO who's gotta be that one of the busy he's got so many different pet project he's. Kind of like crazy. But he said none using on sweater just. He must not he must be one of those you just Munis like two hours of sleep a day or two in order to function. He's on Twitter just calmly listening to critiques from owners of his cars and saying yeah you make a really good point we need to change that rule bull work it into our next update or. You make a really good points but there's no way we can do that it sounds a great idea but this is why doesn't work. What other see you know do you do the CDs own CEO of Ford and listening to critiques about his ass and Steve just. Jobs famously would respond to customer emails and granted sometimes. He would respond pretty harshly okay. But he was famous for he had a public email address. And he would respond actually to either customers or to random and Paul laid low level employees and things like that. And so. There was one in one case there's a journalist who was disappointed Apple's media relations team had replied to work answer Steve Jobs just replied please leave us alone. OK tonight at the which I think is pretty phenomenal that. There was let's see what else we haven't just pulling up a list of some of his best emails. To ask. This is pretty good so there's an advertiser that emailed Steve Jobs and said that he was being a jerk about mobile advertising. And Steve just replies you're being a super salesman by the way. The French which is pretty good history of the NSA in general. If you know he was well known for responding to customer emails not quit in this way you know he was much more. I think defensive of his company wreck but you want in this case on Twitter someone said hey what can you guys program the cars that once you market. The seat backs up a little bit and raise the steering wheel so it's easy to get out so obvious cramped anyone respond to says that's a good point why that in our next release. It's just very like humble which surprised me I wouldn't have expected someone like Gil must to be humbly listening to other people's critiques of the zone does is it this is baby he brought this up from you know from its infancy. And he's just a little on the saying you know you've and you make some good points will try and sue we can do and I mean impress I think it's a win win as a makes the company look great and makes him look even better and how much it is a PR stunt I don't know I write about it but there'll be that some pretty either way I guess we'll talk about that Diana. In terms of social media that's usually an intern job or lol the entry level coordinator job to. You know contact. You know any customer consumer reaching out on a Twitter handle. In Elon Musk the seal of the companies doing. Yeah bush is in it's it's easy work to do all yes to a few as one or two of these today it takes him what five minute most how many every tweets is acting in how many barrels of a positive outreach that you get from that it it's something very simple. I'm a little surprised that more CEOs don't do I guess. They might. And right now. Yemen maybe start to see more but I I was in the press for us now I wonder how many CEOs actually used Twitter on a regular basis. A pitcher they do but they're protected accounts are there dummy accounts and they just wanna see what's going on in terms of their company. On nine you know social media pretty much. You know like how many actually are using it that same way it's just I can't picture I'm trying to paint lake. Try to regulate as CEO that I could picture using a depiction Jeff Bezos being on Twitter. Yes some I actually did involved in tax Erica you like I don't know if I could picture. You know Jeff Immelt. Yes you know formally from G to see it now Ambien Iconia just you know like sit on twit worldly guy had just I don't seem wired like two and ask me anything yet. In effect it's just I just don't know if every CEO is necessarily wired that way and obviously there's some businesses that it's a better setup for car radio a car company. Is a great senate office. But if you look like you can't. You wouldn't have a defense contractor Raytheon CEOs not to answer questions about missiles and you know I don't think this is going to be like you would like to put a different warhead on the next one we think that would let a different valid point it doesn't work for every business necessarily so but no he could see you know Hasbro CEO. This should be buried in a very good thing for Disney your has Burress it just like Bob Iger like you put him out there and say. Yeah you know we we do think that lines at Disney you're too long we're gonna try to work on like this there's there's little things you can do. That half the time just buying gauging your customer even if you don't solve the problem. Even if you just make him feel better about the fact that you realize it's there to open. It it can help so I'd. I'd like to see more companies like that that do this. Talked a little bit about us and Connecticut stories year. The millstone nuclear plant. Is being asked to provide more information on its finances as they tried to avoid. They shut s.'s bid a big story we we talked about on the show before there's really threw only three new plants left in the northeast it's this one the Massachusetts and then the zebra the Seabrook plant. The issue that no stone has is the the way the Connecticut market is set up is they have to sell their energy in right now to hedge funds and Wall Street firms that then go out and traded on the markets or rather than having direct access with a lot of competitors and enact gas and solar and wind have. Which to me doesn't make a lot of I don't really understand why this arrangement exists then maybe it's just. Connecticut politics. Getting in the way of doing business I'd guessing there but it who knows what the real reason is. But they were trying to basically get access these marks here because they're saying look. With rates coming down we cannot make a profit at these levels and now Connecticut say well. Shows just you know show us your internal finances that we can prove the Saturn. A bigger original request. Deal it's. It's a regulated utility like that's out that's how you deal with the area you know like that the reason we have regulated utilities is to make sure that the power doesn't go out because when power goes out people die. True but I guess that's the nature of the beast and so I think it's fairly reasonable to go to utility and say look you're asking for acts. Were asking for why you have to prove why acts is reasonable. I would agree with you if they're talking about. Asking to raise rates but they're not ass and do that all they're asking us to be a sell their cell there energy on the public markets that's all they're acid. Yup and I think the questions is whether or not it is a good deal for Connecticut resident. Let's take a break here when we come back we're going to be talking about a service called das body and how they're trying to make a little money. Trying to get you to the cheapest gas station out there Ross going to be talking a little bit about Amazon groceries and the Mayweather McGregor fight whether or not ticket sales are keeping up with the the Pacquiao fight that we saw a couple years ago. That's coming up right after this break from our insurer match dot com studios. The financial exchange with Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten days is the financial exchange radio network. There are two types of municipal bonds and both can be an effective investment tool -- if you're in the market for them take the time to learn the pros and cons hi this is very are strong and this month my firm the Armstrong advisory group is offering a free guide to help you understand the benefits and risks of investing in municipal bonds whether it's general obligation bonds or revenue bonds these investments can be highly effective specifically when it comes to tax on interest earned but they may also have risks that can have an effect on your financial strategy call my office today at 803934001. And request your free guide municipal bonds one of one and educate yourself on the value of these investments that's 803934001. Or you can download the guide right now at financial exchange showed dot com. Securities are for the securities America incorporated member finreg SIPC and advisory services are for your securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in -- savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage -- and no minimum balance and remember this product is only available -- -- so logon to leader bank dot com right now its leader bank dot com -- bank stepping. Add member FDIC a minimum Alex fees may reduce earnings rate subject to change without notice and may change after an account is opened. You've heard me talk about Todd let's -- in his law firm Cushing and -- for years taught as an expert in elder law and he has helped families like cures for more than thirty years planned for later life hi this is very are strong here to tell you that Todd has a brand new guide out this month with an update on Medicaid the debate over health care remains in the news and Medicaid is a huge part of that discussion to take the time right now to get your free guide call 8668485699. The elder law experts like Cushing and dole have updated all of the pertinent facts and figures in their 2017. Medicaid planning guide called now for your free copy at 8668485699. Let. Let Cushing and Dolan do for you what it is done for so many others protect your family and its assets called now to get your free guide 8668485699. That's 8668485699. Or download it right now by visiting their website legal exchange showed dot com. Your financial strategy has to include a thoughtful insurance plan insurance exists to protect your assets. Our friends at the insure a match agency can prepare personalized plan that gets you the best coverage 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 with that describes you you're the perfect candidate for a 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 and carriers and 844 and 99 match let's 8449. B nine match insure a match works for the leading carriers in the industry like -- -- Plymouth rock and more. Their license for all types of insurance can save you time stress the money with just one phone call and one relationship called today 84499. Match or go online and ensure a match dot com. Security suffered through securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. To vote on our daily poll question had financial exchange showed dot com while you're there buyer of the media player and watch the show while you work. This is the financial exchange radio network. We've talked about texting and driving an awful lot on this show historically those of you who listen frequently know my position on it. Police officers should be allowed should tires of anyone texting and driving provided cars stopped. What are texting and walking Tucker one wanna ask you about that he says is we. This there's some great YouTube videos of people who were texting and walking like walk in the lightweight poster triple over benches ports like fold down flights of stairs don't realize that there there I've seen now. And my first question is have you ever walked in anything while text I have not I have you have all cheese I have. I was outside Fenway Park about 03 years ago worst place to Texan walk and I didn't I was heading to a game aka. And I have my head down to those meeting up with the body and I was trying to text and all that's where he's up that will Wear my supposed to media right and I walked right into a telephone. Strayed into at the phone goes flying out of my Hank is a phone keeps going obviously and I walked. Brady and his tell you know that's a video somewhere there is a surveillance camera somewhere that has a video of me walking into this helpful people don't disagree laughing on the other end of that video watching that are if it's like I I might even be on YouTube already I don't know did you get an injury of some sort to elect note my phone was fine at the spotlight a lucky but I looked kinda dumb and by kinda don't mean very yes but the the big thing is a lot of cities or start to put in some bans on texting and walking saying. The city of Honolulu as an example open the first defense is gonna be fifteen dollar fine it's gonna go up to 99 dollars for multiple violations. While I think texting and walking is dome beaten. I don't know finally people being find work tens or you are. I think it depends where you're if you're walking. You know down to get your street I think is just really if you're at a crosswalk or something yeah I agree is to public safety record. But if you're just on the sidewalk and like. Yet I think central grass I think it is annoying. As all get out that someone is just walking around with their head down. I don't see the probably from a public safety perspective on the problem if you just on like the sidewalk or something. Yeah I mean plus are you can regulate that my track people down texting on the sidewalk but you know at a busy city what if it's an emergency that so what ifs what if someone is late you know hurry and breeds to text while their walking or running I don't know how are you out justice claimant that I'll throw in a crosswalk but this one I have to see video on the news apparently is from five away. Video on the news of the guy in motor scooter looking opponent went into a sink hole. Like a it's youth. That's bad it's really gives that's not good now that's that's under any was driving obviously fears on a motor scooter. Duffy yet I still stand by that in the event that we get someone texting and driving they should pull the car over. Mandates should the tires and then they should also shoot the ball. And you'll never text and drive again gorgeous right over the phone I and I think that should be within the bounds of what police officers are allowed to do Turk I believe and empower our officers to. Uphold the law to the best of their ability and I think that being able to shoot tires are somewhat texting and driving is within the within their bounce I agree but it's not realistic. And it's not realistic so it's time to move on yes now but avoid injury. Let's talk a little bit about municipal bonds okay this is a announcement on behalf of our strong advisory group there are two types of municipal bonds in both can be effective. As an investment tool but if you're in the market for them. Take the time to warn the pros and cons this month we're giving away. A free guide to help you understand the benefits and risks of investing in municipal bonds whether it's general obligation bonds. Or revenue bonds. These investments can be highly effective specifically. When it comes to tax on interest or an L may also have risks they can have an effect on your financial strategy. So Paul Armstrong advisory group today. At 800. 393. 4001. And request your free guide municipal bonds 101 in educate yourself. On the value of these investments at 80393. 4001. Or you can download the guide right now at financial exchange show dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. I'm pulling up the the video right now of this motor scooter going into law the sinkhole near to multiple Texans yeah we've got multiple text on this one zone pulling it up right now just take a look 32 video so it's I'm I'm gonna narrated to it's it's looking at a crosswalk. And this sinkhole opens up in the road goes down about five feet. Always a 200 I hope that guys okay. As an adult in Florida bit. Let's had a road and lowered its China volcanic so this is road to the road drops down about four feet and a little bit later. This guy's on a scooter. It just goes right in in just it was flying off and he's clearly taxed and he is he's very clearly taxed like the yeah like it is head is down he's he's kind of steering the scooter with his elbows a little bit M and what's interesting even breaks a little bit before he goes into its Nike tiger noticed but just couldn't stop in time. And he goes played in the the thing is somewhat remarkable there's another guy walking from the side. Who doesn't start running over to help you just goes and starts taking pictures of the guy who's trapped in course it is yeah Asian tech sector was but he. Yes that is a phenomenal video that's all the time that we have for the day will be back. Tomorrow from our insurer mats dot com studios for chucked out of Mike Armstrong and Tucker Silva. We'll see you tomorrow.