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Full Show 10-9-17

Oct 9, 2017|

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 and every day. And now the financial exchange with the Berry Armstrong and chuck Exxon. I remember it like it was yesterday the Standard and Poor's 500. S&P 500 votes closed at a record high on October 9 of 200710. Years ago today. It would be its last record high until march of 2013 hi everybody it's very and Mike with you here. On a Monday and boy. Lot of similarities can be drawn and are some similarities can be drawn from ten years ago today. To where we sit. It certainly didn't recognize every day these days. There were. Looking back on an as those are a lot more morning's news at the same time you know investment banks in the Federal Reserve Austro warning dealing with. This mortgage crisis yeah. And what they thought it was pretty obvious back that mayors if things were stern crumble well before October 7. Well and people didn't understand just how bad things could get I'll remind you Countrywide Financial Corp. they were huge loss they posted its first quarterly loss in 25 years. Merrill Lynch posted a 2.2 four billion dollar loss it was is going back now folks ten years. Citigroup reported a 57%. Drop in profit after it had to write down bets on mortgage backed securities. And loans to fund deals now I don't think we have the same kind of lending bubble today. That we had ten years ago I don't want to get people to get the impression that he we're looking at a stock market correction of that magnitude. But it was ten years ago today when we hit a market pie in this think about it it was almost six years five and a half years. Before we got back to that level. And boy did we ever go through a lot of negative times aren't a thirteen. Yeah yeah it was march at thirteen and you know the market crashed in October. Of 2008 September October 2008 than it crashed again in march of 2009. And it didn't come back to its previous record. Until again march of when he thirteen tough times what concerns me is that I agree we don't see the you know the foundation cracking issues that we saw back in no way it is not looking back on it but you do hear these numbers about record levels of credit card debt being taken out you know student loans student. Loans and auto loans and the total aggregate debt levels are believed as high as they were back in seven but you're right it's not as concentrated atlas as it was back in seven waves and not as concentrated and you know. 1000000000003. Credit cards are about the same. But that's a fraction of what we had in the mortgage lending again which was seven trillion so you look at where we are today he could we have another correction absolutely. How deep would be it's anybody's guess right now the Dow trading at 22773. Crude oil trading at 4964. Congratulations. College graduates now good luck paying off. All of that debt college kids graduating today have an awful lot of loans this year due machinery you have continued to see that rate of increase said tapped yet colleges and universities from 1213 to 2016 it's increased at a rate of about 6% and the inching piece here is that the average incomes for college graduates on the grown by about 2% Internet sinkers. I will remind you you know because there's a lot of people say colleges not worth the investment. The Federal Reserve's data also point to a lopsided distribution of income for families we. College degree holders. The average income for these households was almost a 190000. Dollars per year and that is more Michael. Then that. Media it's more than double the median. What degree holding households they have a median net worth of 292000. For four year college degree verses. The median for those who just has a diploma 67000. Graphic the study does not taken consideration is. Other degrees ray you're just talked about for your college verses. High school you know there's a lot of tree degrees and I'd be bare inch to see where those types of degrees stack you up in the median income or they don't get measured properly. If you look at somebody who's a pipe fitter electrician or carpenter. They don't get measured in in the same way. Facility it's difficult to to measure them. It does lead to our poll question today which is do you think a college education is worth the financial investments a lot of money. To go to hell trade you know you ought to go to private school today I think you're probably talk and 20250000. Dollars combined. You know the the thing that has changed the law is he used to be given. Where you know 6070%. Of the American population felt. That going to college was worth the financial investment today. 49%. Of people surveyed believe a college degree is worth the cost compared with 47%. Who say it does not. And you don't want the majority of men. Now believe that a college education is not worth the investment. I think that the numbers right there we just went through stamped themselves but. You're right at eight year comparing him to something and just for your college degree I think it's very clear. College degree over high school degrees going to pay itself tangible. But when you compare it to a lot of other options out there yeah it's a very point. Do you think that a college degree is worth the expense. Heidi participate is go to our poll question which is on our website financial exchange showed dot com do you think. College is worth the expense the capital that has to be expanded. To go to college. A Massachusetts robot company. Has won a big military contract this company by the way the chief executive is old friend Sean B zip. More than bringing in they get 100 million dollar first phase contract with an option for 58 million dollars more it's basically these new robots that I think they've operate on track to sort tanking and they're basically being used to. Sniff out bombs you know go in there the first person in there or two ago and look for these devices before the actual troops follow through that. It sounds like a variance saves a lot of lives robots save an awful lot of lives they weigh a 165 pounds. That seems like. 160 because I really like him. Amazon having difficulty. In the luxury goods program and and Whitney the game their ability. To sail high and products. Is diminishing because the high end retailers don't want him to do with him as a yeah I think they've. And a little bit of an issue here a little bit today. Maybe PR issue with Amazon's or not only are they not really seen by. Customers in that area race if you're looking for me. And I've I've you know watch if you're in the market that sort of thing Nash names on the first place you look. The other issue they have is. Like many of these retry I like Alibaba eBay they're all going to be dealing with via fraud you know people. Putting out there hampering knockout knock up's we figure by did not bag you think you buy and Gucci bag and in an Amazon does not stand behind. The that product yes or I mean they're. Amazon is not going to or at least currently did you know wanna play the rule you please me they don't wanna go out there and trying to figure out which ones and knock off product and I don't complain you know they don't wanna be in the position there a online marketplace and it just think about if I walk into a Macy's and I want abide Gucci's bag which ideal but it. It is funny if I go into a retailer. I expect it to be Gucci bag. And expect them to take it back if they don't end is under yeah I get Cuban if I walk into a shopping mall or I walking into like a big marketplace with. 300 different vendors. I don't necessarily expect the shopping mall police which ones are fraudulent good verses which ones policy here waiting Amazon to a malls as opposed to reach sure mandate yes they sell some of their own goods but they also allow thousands of different other retailers to speak in their marketplace and still sell items directly to consumers from. Asking them to you police that is afraid of what that they are doing it for they're doing for Nike about it. You know they've started selling Nike goods out there and they said well as part of this deal we will police that marketplace proactively and find. You know fraudulent Nike didn't take them off the market but for smaller retailers are saying now it's not worth their time and Tucker you weigh in on Steve do you hold would you hold Amazon accountable if you bought something nice for your way would you expect them to stand behind it. Yes I. I would I expect him to stand behind and take the return if it turns out that it's a knock off I don't expect him to proactively go out there yeah taken off via taken off the I think when Mike is saying is a lot more realistic. You know if you see something that's a knockoff doing well and you know me Keller returned to sandals on and I'm sure they were for Phil and I. Up next will be joined by Stacy Cali from the New York Times are we talking about hate gay lending. New restrictions by consumer agencies and make payday lending a lot more difficult that's our next topic from the financial exchange radio network. Even without health care or tax reform all three major indices remain near record highs get the latest info on the sectors that are winning and those that aren't. Break here we've Berrian just on the financial exchange radio network. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very Armstrong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that your hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group 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 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 leader bank is offering in east savings account providing free online banking woody 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 and 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. Hi everybody it's Barry Armstrong and Jake two Lian we're talking about a program called Z rent. Now this is specifically. Designed for those of you who are landlords and you used to collector checks with paper checks are gosh maybe still do. Will zebra it allows you to collect checks electronically. Jail is hoping he could spend a little bit of time explaining how easy grant works and why it's a big advantage for landlords have. It varies so we we develops the rain to. Out of me the whole race. Because right now. You know with the landlord when you're getting rain checks. It's low it's unpredictable. You're missing envelope the great line in the post are you waiting he might not get all the rent until the tenth or fifteenth of the month furthermore if your landlord on vacation in your rinsing your notebooks you know to what he does is it really digitize they'll. It makes the rent electronic payments it allows for roomy cheering for multiple roommates and apartments that's great if you're renting out to college student asked salute. It's predictable it comes at the same time every month and it's all on me. So the landlords who have been using assisting huge time savings and ointment you are you still giving the first six months free for landlords the first six months or free and then in addition to that. If you bank it one of the participating banks he ran is always pre pre. Those participating banks are meter being installed in messed me up at that any bank could sign operate they keep you at a bank in Vermont after Connecticut. They could sign up and become part as he rent yup you your if you have a community bank that wants to be a member happened Collison will have to sign up and the service will then be free free. All right if you wanna learn more about easy rent. Go to Z rent dot net you give my call if you wanted to 8776917900. If your bank doesn't operate vacancy sign up for zero. Go to zero rent dot net or call them told free. 8776917900. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Gary 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 dotcom and search for the station closest to you this is the financial exchange radio network. Payday lending. Faces tough new restrictions by consumer agency that is the headline. In an article written by Stacy how only of the New York Times and she joins us today on the financial exchange Stacy. There good so what are these payday loans that you speak. Pretty good typically sorts have learned in an about two weeks or months which Terry relatively high speed of that load. Typically around fifteen dollars every hundred dollar by our hundred dollar the people are 400 he let out sport XPS the next payday in two weeks. No we don't see them in New England but how many of these stores exist in the across the country. Well you don't in New England because there effectively abandoned fifteen states though this is largely been regulated by the states up until now and none have just gotten away with them. But in the 35 and those states what they are allowed you get about 181000 payday lending stores. 181000. Coordinate battleground. So how much money do these payday lenders. Lol now on an annual basis. Typically it's about 46 billion dollars a year to get burned out and then making about seven billion a year in these dot mats. While. Now are these owned by a you know like Citibank and Bank of America like blues the coup in what's the biggest one out there. Perhaps that the chain called it an America and that actually owned by a Mexican conglomerate that has largely in the industry that mainstream banks. Don't wanna cuts at least see a lot of by the mom and pop shops or a lot of private equity players are involved in the big picture it. Why wouldn't a bank want to own these. Lots the bad regulation and lots the bad publicity. This was an area that regulators really started cracking down on about by the ten years ago and the banking regulators sent out some guidance really strongly discouraging banks from being involved in the area. So they largely decided it was too much of a headache. Now how will these firms be regulated now because there's a change in the hope that none of them are written there's a lot change that it was a a mandate against handed down last week Witten with what's gonna happen going forward. But this coming out of the Consumer Financial Protection Bureau which we read in 2011 in the wake of the financial crisis. And this was something that from the very start they were looking to regulate and it took quite a number of years they've been working on the new regulation but by year's. Lot of discussion with the industry laughed about the sport about it. But the idea here in that they are going to play it. But to new underwriting requirements on these and also budget requirements intended to stop the back to back to back cycle you typically get paid a load. What the industry says that the people effectively put a huge number opinion lenders out of business. Well I would think it would based on the in this seems to be contrary. To what the trump administration would want why would you allow while with the truck administration allow something like this to occur. Something they couldn't directly control they Consumer Financial Protection Bureau is currently run by director Richard court re younger by their terms. And yet he had been the president disturbed by and into the middle of next year. At the moment it's essentially still in Obama era holdover and it's still continuing to act like it did during the Obama administration. So who are the consumers we again we don't have them in New England. Let the you know they're still at thirty states that are making these loans. And it's a large number of people typically about twelve million people a year using these kind of player. The demographic profile you're typically looking at people who make 40000 dollars or less that you cared deeply they are employed this is not allowing you can get without that kind of income a paycheck attached. But typically people working with college up people who don't have college degrees. People who are essential emergency bill to have a lot of other options out there. Right wanna play devil's advocate then and say to you if these go away. Where's that person and ago we where's. Where's that desperate person whose car breaks down right let's say there. You know there there Macon 800 dollars a week race at 40000 dollars here. And their car breaks down and they have a 17100 dollar repair bill but they have no emergency fund I mean would it what does that person do stakes. And that's certainly appointee and she created since some advocates even raise and say there aren't a lot of great options be economic research that's been done in the states that have been less you know about that there is some displacement effect people deterrent upon jobs they paid out late they go bankrupt it's slightly higher rates. So there's this suggestion that people are not always necessarily better off overall would you ban these products but. Certainly what regulators are hoping SE as they have at the same time. On last week and what are the major banking regulators diddley and some guidance there at the hope is that community banks smaller institutions. We'll start to step in and they'd built but the gap. Yeah I mean the that the I understand the end and I read your article and I've I've studied this industry in the past. From just from an investment standpoint I thought okay Cali yep there's a lot of the money gets behind these companies are private equity hedge fund money. And it's profitable I mean it's a really good business. But T your point beer have. Do people get in this cycle don't we where they. The whole week the V just keep rolling these loans over and then in retrospect they find out my guys have been paying interest rates of 300%. The typical learn to not get repaid in two weeks typically they rolled over at 4567. Times but at that point Philip I doubt that there in this cycle of debt and they paid you know tremendously about and peace to continue entirely. What would you here are indeed did you hear anything from poor people in the states that banned him. It's really mixed stuff I did hear from a lot of people who previously had used this flows developed with a good thing that they would no longer and that that they really had terrible memories of having been in that that cycle. I also heard from people who say I really don't have an emergency option out in people didn't get the classic people skipped. You know keep feeding for the next couple days click here really at the heart situation. I I talked to one felony lost his job. He got fired because he could not get alone to fix his car yet it there one night was telling you about the 17100 dollar car repair bill. In a pretty good job and get fired because he simply had no way to get to workstation. Exactly and that's a question that really doesn't get it here is it'll. What steps that it felt like I got the heart carp problem. Right Stacy as always thank you very much for your time. You know that is the problem is an entity the the private marketplace. Has said take. Here is a solution and the the interest rates are outrageously high at the 300%. It's craziness. It's the free market. You know he's putting a gun to your head nobody forced these people to take these loans nobody. Put them in a situation. You know the the payday lenders are not the ones responsible for their not having an emergency fund you know in that the. It seems to me. You know NN news this is the libertarian side in the coming out but I don't think the government has a place to play in this you're regulated that's fine you wanna make sure. Yeah yeah I essays and make sure that you know like when you're getting a mortgage the actual disclosure in there about how much interest you're gonna play you know are there make sure that's being done but. To effectively shut down the industry because you feel that they're charging too much. I don't know that's where government has to play well in and make sure that the program hasn't been misrepresented maybe you know that the what you could do something like that. Would be with standardized. Video training rate that is comes out and says okay. If you're gonna borrow. My example again this fellow with a 17100 dollar lol yeah right. This is it in if you don't pay it back in the certain amount of time. It walks you through. I don't know what will happen. That's that is I if if there's misrepresentation. Occurring in that instance and you say hey yet cracked down on. But to eliminate. Ingested basically. Put these guys at a business. I I just don't think it's the right thing to do I I don't think it's government's place to put these programs. Out of reach. Now they have men and New England for a long time. You know the states here currently outlawed them men. Like she said mixed reviews on added imagine overall the overall net benefit to the group of people has probably been. Positive would be might gasping dirt there are definitely some dire circumstances where people could not get money. And what you said Arab you know out of buying groceries for a few days served him out of game in a car repaired for a few months. 78% of our audience think that college. Education is worse the expense associated with if you would like to participate in our poll just go to our website its financial exchange showed dot com. Do you think that college education is worth the expense the investment associated with its expensive I know that. Pay up next are we talking about robotic chefs. That's right. Restaurants are turning to robots. In an effort to reduce costs and make your dinner. That's our next topic from the financial exchange radio network. Making your Smartphone even smaller here download no mobile lab by surgeons financial exchange joke in iTunes or those who. Who played stores this is the financial exchange radio network. This is a special announcement for all landlords chasing down league rent payments and making trips to the bank to deposit checks take a hassle out of round date with zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more would -- rent your payments for each unit received regularly on the same day every moment tenants pay nothing in the first six months or free for all landlords visit WWW -- he ran dot meant to learn more or call 7816418691. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very Armstrong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com it's. Dirty suffered through 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. If you own rental property you're going to want to hear about this exclusive program offered by leader bank it's called Z rants and is designed specifically to help landlords receiving and deposit their rent checks electronically as opposed to having to wait for the mail a leader bank right now if you are interested in C ranked the number is 8776917900. That's 8776917900. This program will automatically deposit your rent checks into your account and we'll help you avoid the hassle of waiting to get a check many landlords are suggesting that tent and sign up for C rent upon the execution of their release and why wouldn't you wanna do that once it's set up you never have to make another change during the lease period. 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The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed does come legally exchange show dot com. If you're real estate or property management company Unita banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers -- on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as they're banking partner call 8776917. -- 900 or email BBO at leader bank dot com for more information member FDIC equal housing lender. Time now for Wall Street watch a look at the market's performance so far today until Darian jug right here on the financial exchange radio network. Checking in on markets now the Dow and S&P are both about flat on relatively light volumes the holidays today although it does look like health care sector guys developing a little initial on some news first off we've got to the trump administration. News there and beat limiting some of the obamacare. Reforms and withdrawn some requirements this health insurance plans which is impacting some of those house stocks. Also importantly Amazon is going to make a final decision as to whether or not to get into. The prescription delivery business. Answer if you take a look at Express Scripts. Walgreens CVS all three of these companies down CVS down two and three quarters percent Walgreens down nearly 2%. Express Scripts down four and a half percent we should have more news on that later this week. As to names on file decision has to. Just how big get into that health care sector are eight and want to talk. About the service sector specifically the restaurant business. I don't know if you Wear this or not but there are twelve million chefs cooks and waiters. And related food service workers are you name any aspect of running a restaurant whether to bar. You know when you're bartender waiter waitress busboy. Cook dishwasher. Shaft line cooks out what prep guy whatever you want to call it. Here's twelve million people working in that industry and one of the big problems that was experience. This year and all the resorts during the summer we covered this extensively. Was they have labor shortages they could not find workers. And that. Anyway each let alone a reasonable wage they were raising higher pay and they still could not find people to do that work. Well now there's a number of companies that are getting into the business of robots in the kitchen. They include zoom. Pete says that ZUME. These so robotics MIS oh. And what they're doing Michael is the are using robots to conduct many of the chores that had previously been done by human beings. In these restaurant yeah I mean it makes a lot of sense say it's it's we've kind of been talking about this happening for a long time and you do you have concerns about what happens that service industry everything about the process of cooking pizza for instance nine needing to do oh spreading the sauce a lot of just. Over the process it just happen over and over again can very easily be automated it makes perfect sense you know feed the pizza through the oven. I think in the zoom case it said that obviously the robot is. Boring ago. And spreading the sausage pizza and placing and the avenue which point human took over from there. On the toppings. Fan Ngo served the customer delivered. But you can see how you know that could replace right there. Two workers during that during that just that process right there well. Up until now we've seen a lot of robotics introduced a fast food you know when you walk into a McDonald's now. Many times you punching you order a keyboard and insert credit card won't talk to capture. And we needed jobs behind the Q you talked to a franchise owner for McDonald's. They'll talk to you about the amount of food they were prepped today and sell. Compared to 2030 years ago in the number of bodies that they have his way down because the fast food industry has been moving towards robotics. Her twenty years and now what they're talking about it in in fine restaurants you're going to see more and more robots simply because. It's a cost issue and it's a labor issue futile wish that I'd read it right if your if your designing let's say you are. Into the shaft that is designing all of the menus for an Applebee's. You want there's you want it ought to be consistent across the board. And what's the best way did deliver consistency is having an automated process where you take the human mistakes out of not to mention the more sanitary liberal arts. And you know somebody picking their nose and a salad okay thank you could. But what's true because I just think about it logically. Wing when you think about. What is occurring here rate EU yet you might have to spend a 100000 dollars and moral right I talk to fellow that owns a restaurant cape. And he said. It's become such a problem for him when I told them about robotics in the kitchen he was all over he he's said sign me up I'll borrow the money. To take my kitchen robotic. Just yeah has its sole hard. Two to find people to work in the kitchen especially for a seasonal type place rate you know you're you're looking in some places say much vineyard Nantucket where suddenly Newport, Rhode Island you know you shut down in your restaurant for six months a year and and you need to. Quadrupling year your staff for six months you that's really tough to fill those ups like I suspect this is something your embassy to areas where the years he a lot of robotic. Implementation. Over the next in this will be. Relatively quick to be over five year period of time. Certainly one will be the kitchens as we are talking about. The other will be warehouses you're gonna see more because of what he Amazon's doing now. Everybody's following suit Wal-Mart is wants to develop warehouse system Costco wants to everybody wants to be aware oust business. And they wanted to director of the consumer without having them go to the store. Robotics in warehouses. Is gonna take off especially the one industry where you'll see more than any. Groceries. Grocery warehouses are gonna largely go robotics in it quick announcement on behalf of leader bank. I would need to mention. Excuse me if you're a landlord. Isn't it a pain in the neck to try to collect your rent checks unity is literally. Would it would we it's October 9. You've got tenets of your landlord it's October 9 in hope that you go one or two tenants that still haven't paid their rent for the month of October the ninth. What you'd see rent. You could audibly that rent collection so comes out of your tenants checking account on the first day of the month their second or whatever you build into the term of your least. In goes into your business account that same day so you're not wait for the check to arrive you know wondering if it's gonna clear Kazaa guys early ballots to checks and it's automatic. And it's only available through 00. Rent dot net. That's how you do it even if you do business with the another bank that let's say you're a ia customer of I don't know eastern savings bank. You can use does he grant program to zero red dot net or your landlord called them told free. 8776917. B 900 now. You can get it at any leader bank is well your landlord just walking to any reader bank branch and they'll talk to you about how zero works that's what a lot of landlords do they get sick and this is about the time of the month to. It's October 9. It didn't wait for that guy to pay his rent he still hasn't and they you know what happens Beagle Holm in the white says you know what honey I want you to sign up for that zero. Because that I'm sick you get stressed out about that guy now pain is for anyway. Heidi get in touch. Zero rent dot net. War you called them told free. 8776917908776917900. I have never seen. An organization. In post so many self inflicted wounds as I have the NFL. The the National Football League and specifically. The San Francisco 49ers because that's where it started it they just keep. Kill themselves if it's it's like. Day news Harry Carey. Yeah I mean you know things are going well win the president's office is using I guess you're. Your professional setting to staging. A really gave him. A counter to approach yeah counter protested when the president of the United States is doing that that's that's not a good and sad news the national football is just read is absurd and mean yesterday vice president Mike Pence. Went to the colts forty niners game which would be about as bad game as to go to Jeff I could not pick or actually the jets and browns were gone off falters so those are about the two worst games this but I liked it there too terrible teams that nobody would go to see the vice president does Hillary's anyway it was because Peyton Manning. They had this ceremony said he wanted to see that anyone who watched the game his intention was to watchable game then wondered was it was a rally and a call into question now. I mean I bet I'll tell you what if those guys had taken a neat I bet he would state them. The whole thing looks staged to me yet to getting my my only objection to this is the entire thing looks staged and then when you. Top it off with the fact that the tribe administration sent at a fundraising email minutes after this whole thing happened. Saying. Just good organization. Yeah to me it looks like completely staged thing and you know but if it was. First out and wherever you stand on the NFL thing. It's fine and president try him vice president Penske and certainly object to that walk out of the stadium but if if this was actually set up as a fundraising thing and they used. How much it cost us ipads and on I 7000 dollars of its climb to a game yet but the defense over the battery tend to walk out the 49ers and. Twelve players and they teamed to Pitney. In the in their teen Sox beat it seems to in nineteen in the license this hoping start you know the right. The team is what the team sucks REI and that there are horrible right again they take any big deal who cares for me just. IB this is something where if I'm an owner of the team. Of any NFL team. I'm saying it would help if you guys doing a meaty the the remember folks the wait their paychecks work is they get about 50%. Of all the revenue that comes in whether it's television ticket sales. Jurors he says. Players get half the money right and here they are offending. What percent of their audience is is do you think would be conservative men watching it fell 405060%. I don't know what it is but it's a big number. In your fending them. And it is just stupid is stupid and you know what frankly they get they're getting what they deserve you know they're cute UC pay cuts to decision. DC apparently called African my sisters that left the team signed me I would stand for the anthem of course you. Yeah yeah Canada because he's been unemployed for two years ago or a year he's. Just. Look I I understand. You know. Making your statement well blob but he he but I mean this is exactly the point is if you want to make a statement then. Plan for a decrease in right and to maybe he fired. And that's you know just one of the repercussions you need to. And that is that's why. You have the right to do it just plan on you know understand the repercussions of your actions. Up next will be joined by Sam short for a morning start to talk about the neutral that we do here. Every Monday on the financial exchange unit or. Trump's administration hasn't passed any significant legislation yet but tax reform is front and center. In a share. Keep it here with Barry in check for the ladies the president's agenda and how the markets are reacting and this is the financial exchange radio network. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect dresses from probate and in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with a lot of Cushing in dole and host of the legal exchange radio program has been hoping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month and has written a brand new guide called designing the perfect income only irrevocable trust. In it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed does come legally exchange show dot com. 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 liter bank is offering in east savings account providing free online banking with a one point 15%. Annual percent yield this is an online product only and there's no minimum balance required so log on 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 online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. For York Medicaid income trusts. Todd you know I keep reading almost on a weekly basis about stories worst states are challenging. Durable global trusts and Medicaid applications. What's up with the increased scrutiny on the east trusts. Yeah the problem is that you know many more and more people maybe are trying to draft him more more lawyers are trying to get into the field that that may be our race. That's the safest way to say it and and they're putting paragraphs and it that just caused problems if you if you wanna put it in English because a crack in the ice yup and allows them to reach in and you know grab those assets from the trust and it's that bad paragraph that causes the problem and so they're starting to realize that rather just put states are true yeah. States are saying you know we're gonna we're gonna take a closer look at every one of these trusts and see if there's a way that we can find a crack and that it's well makes sense now. Which today would have been. What's the result if you lose if you go to a fair hearing and you lose what happens while if you were to lose that the assets basically the assets in the trust that you might have told your clients are going to be protected from the nursing home. Are no longer protected they would be considered comfortable assets. And exposed to the cost of nursing home care so it's a big deal it is a bigot if you lose it's all about drafting Mary it's all about making sure war. You put the right paragraphs in the trust. Folks if you have a Medicaid income trust you may wanna have it reviewed to make sure that your assets are in fact protected. He can reach out Cushing handled by calling them at 8668485699. If you want to copy. Of the October guy it's about Medicaid income trusts. Most of you choose to download the guide from their website which is legal exchange showed dot com. Legal exchange showed dot com for your copy of Medicaid income trusts. The financial exchange for Barry and chuck is live on FaceBook and YouTube every morning beginning at ten and this is the financial exchange radio network. If you're on the go he can still keep up with the financial exchange on the I heart radio. Available in your phone or tablet just search the financial exchange and you can hear individual segments are full of shows you can't listen live we've got you covered on the I heart radio. We are joined now by satcher went from morning starts you articulate if Thornburgh limited term. Income fund it's pretty timely as we're talking about potential interest rate hikes here in December. Morning more except what can you what can you tell us about this this fund and compared to you know other corporate bond funds of the sort. Yes thank you very much having. Those Thornburgh the determining Tommy is a fund that offers investors diversified high quality portfolio short term bong so investors looking for a bond fund which. Shorter duration than your average intermediate or on sun. And with more return potential that money market fund would be looking at this to. And so all global what sort of return are we looking at what is the what's the yield on the air from the bonds. Yes so if you look over the Potomac healed it does there in the category peers in the short term bond and categories 2.2 percent last a month. Vs one point seven for the category. Naturally attract about the fun of it the diversification benefits it's Keating. At returned from different places and its other competitors. What what are those different place than when I think of these funds that typically just think of high grade corporate bonds and a return in the next five years what's this fund during differently. Yes so it does have a corporate bonds but the other thing that has this asset backed securities where pursue the category there's a small percentage asset backed securities. And of course the 20%. That typically they'll be looking at you know high quality credit card cools. Or on auto loans and most competitors aren't doing that this keeps the fun. Left interest rates since this and the you know intermediate peers who are more best in the mortgages. But a little bit more. Return potential and just being like treasuries. Or other corporate. Well guess you don't really know until you hit some sort of recession but do you think this adds a little bit of volatility to that sort of fun if you're if you're investing those sorts of tools and we had into some sort of recession. It would be you know if those pools you know really underperformed obviously it's under duke. Would be hardest hit but I think that we really like about it that you that lack of volatility vs peers so they'd be equity short term. Asset backed securities which really quick advertising schedules so they're actually avoiding some Paula Politico report. And where do you see this fitting in I mean I think of this as navy. He has someone like you said looking for a little bit more return than a money market you wouldn't put this as the entire core of your bond portfolio which. Noah so this is. Definitely somewhere in between you know that money market and the corporate portfolio. What can that they liked is that's. This fund action does kinda have core like returns at times with a steady year right. So it's kind of in between this summit is trying to persuade from. Diversify from having as long a duration in their portfolio which you know higher interest rates coming up could look to this to kind of break up that shortly risk. Soccer program appreciate concept that pressuring affront to our attention ticker symbol on that is. TH I I actually Thornburg limited term income fund and yeah hey it's inch in place to look you know a lot of people are looking for that. Yet the issue of rising interest rates and how that's going to impact there there on portfolios and an inch in place to go right now especially if interest rates don't go. That's the big concern I Stein and invested in case it would make shipping industry it's a it's. It's anybody's guess as to what the Fed would do me a I think you certainly get at least that the that information we're getting now would indicate you're gonna get a rate hike and it would but that doesn't necessarily mean we'll get a move on the tenure treasury has right now. Aiming to restore wireless phone service to hurricane battered Puerto Rico and the Virgin Islands the federal communications commission on Friday. Granted an experimental. License for alphabet incorporated's project balloon. To create a network of balloons that could provide connectivity now. We'll explain what's going on TV this is cool. Well the I what you think about this though it's over two weeks now. Since that hurricane hit Puerto Rico and hit it devastated the Virgin Islands. And they still don't have electricity and they still don't have the cancerous mention. Imagine anyway. So this has been used before effectively. Gathers data for you re ready yet as to fours are effectively to hang a whole bunch of balloons out there to provide a base Leo wireless network Rhode Island. My question is how you do that with no power mayor does that really help anyone but they don't have power yet ray you if you can't use any of your devices that connect the Internet and I suppose with a they have developed in Puerto Rico and the Virgin Islands are charging stations so you can go and get your device yet to leave them there for a couple of hours beaten get your device charged but then how long does that last negate your battery back ups charge yet so there are some but the problem is. The towers themselves. Have been literally. Picked up the blown away. Yeah the deed that are in you need electricity to power the towers rent and electricity. Down to power the bill towers. Yeah I mean this is a really very lynching idea but again I mean it's their point we don't have a network tools to transmit wirelessly yet says there's nothing that this can do yet but yeah I mean if it's going to be your airy fairy slow which it looks like it's going to be very very slow recovery there than this. Could at least provide some temporary relief to. Have these communities that are completely cut off and you write that you have no idea what their needs are very. Does that running people back and forth between these towns right now and help them 77 million dollars is. FCC money. Has been designated for Puerto Rico in the US Virgin Islands thus far that that's how much they've. A lot it to you know to to take are the odds that I can tell you. You know Puerto Rico has about 10% of the population with electricity in the Virgin Islands. Might be up to ten or 15%. In the end that this thing that's it's discouraging news. There's no prospect of giving back any time fast but they're not saying oh we're gonna get up to twenty that you like Florida's RD back. Houston Texas is Horry already back he could out of Puerto Rico the Virgin Islands. Not only is it not back. They are not saying oh will be back in twenty days or thirty days they're saying now we're not sure you know Mae and maybe sometime next year and going in living. For. Three months six months a year without electricity stagger stagger. Cost of boils up ten cents a barrel it's up at 4939. The nasdaq's up a point. The Dow is up half a point in the S&P 500 is down two points when we come back they're talking about so Tesla. Turns out they are in production fell. That's next from the financial exchange renewed. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're. Close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively. Lined so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917. To 900 that's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams traditional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and I was number 449250. Subjective credit approval leader bank a step ahead and he spent the last thirty or forty years building your financial planning business. He worked hard and your clients rely on your. But what about when you retire you have a team of dedicated professionals who will care for your clients in the same fashion as you do. Have you done about a succession plan for your clients our firm the Armstrong advisory group is a regional firm based in Massachusetts and we're looking to build our business through acquisition. We are affiliated with an award winning broker dealer RI AA and we have superior service capabilities we work with clients and all six New England states and offices throughout the region making it easy and convenient to set up meetings if your interested please contact us through our website Armstrong advisory group dot com or call 803934001. Our advisors have over 100 years of combined experience in the financial services industry call us today at 803934001. Or visit us online at Armstrong advisory group dot com securities offered to securities America incorporated member and SIPC advisory service is -- for securities America. Guide to retirement planning it's really important that you do this before you retire. When I talk about two things that are critical aspects of retirement and that would be Social Security first and secondly Medicare is your Medicare supplement programs in your Medicare part B program. You know let's talk a little bit about Social Security everyone knows that you've been paying in these programs really for most your lives if you've been working. But there are a lot of questions about when you should take Social Security in the first thing that you need to understand is a concept called full retirement age and that age differs depending on when you were born as an example. If you were born in 1942. Your sports harmony ages 65 years and ten months you're born in 57 it's 66 years in six months or you have to understand this as well as how your Social Security amount changes based on how long you wait. The other thing that you should do is take a look at our guide me again at stake in the guide for retirement readiness. Exclusively available for mark strong advisory group. But as it relates to Medicare. Each state we've listed on the in the guide each state and the web site that you go to for each state to calculate your Medicare program and which ones best for you. Yet differs depending on the different states and you really need to be cognizant of this when you're building your retirement plan. Well the folks again. Just to reiterate this guide is available exclusively from our strong advisory group it's called an investor's guide to retirement readiness. You can receive the guide by going to our web site. Armstrong advisory group dot com only available online Armstrong advisory group dot com. Go to now Armstrong advisory group 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. 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 we just make sense of leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. Planning for retirement can be a complicated process many factors need to be taken into account including how to protect your assets from pro ready to. And in order to make sure that your process goes as smoothly as possible he need to deal with an expert Todd let's keep a partner with the law firm of Cushing in dole and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust in keep your assets safe this month to hundred no brand new guide called designing the perfect income only irrevocable trust. In it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed does come legally exchange show 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 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 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 that don't delay log -- 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 -- and no minimum balance and remember this product is only available -- -- so logon to leader bank dot com right now -- leader bank dot com -- -- a step ahead. This is the financial exchange with the Barry Armstrong and show Oksana. You're exclusive look at business and financial news affecting your day your city. Your world stay informed and today about economic and market trends plus give breaking business news every day. And now the financial exchange with the Barry Armstrong and chunks. I am not. Short shares of tussle but nor do I own any shares in the company hi everybody it's. Berrian might with you here on a Monday and I make that statement. Because were about to cover story. That is somewhat derogatory. As it relates to Tesla. But boy if I'm a shareholder in this company. I'd be pretty nervous based on some of the things we're learning as it relates to their production of the model three. Yet you know I would be too. Although I will admit that I wished had those same concerns a year ago. You know there was a stock was 60% lower right when the south 6% lower than it was today by the big story here is. Obviously reported last week that. Tesla significantly missed the number model threes that there's going to deliver and we're getting details now that. Parts that were being made hand you know a major portion if the models are about it like I want clarified this in today's world of automation. Highly usual for par to be made by hand yes major portions of the Tesla model three are being banged out by hand. This away. Opposite of the an automated production line. I mean it's a one which is what Tesla is nipped or betting on tests four's being this super modern and company. That's going to completely modernized the automotive industry. In their print these cars by hand for an investor what concerns me more is that back in. Was August I think. And back in August. He came out. And said. No we are right on target to deliver the number of vehicles that we're supposed to he came out to you to shareholders and to Republicans ever ranch are or an hitter target the number of cars we deliver. By then he knew right by the any knew we were making these current backhand or way behind. Looking back histories company when he when he bought out the source Citi shares that was for the unit that looked a little bit shady and now this and clearly a genius. Yeah Elon Musk is clearly got a vision and these you know clearly. Making big leaps and bounds in modernization of this company. But I'm I'm worried about ten. It's very much interaction green. Skeptics and it's a very complex car that is trying to build 101000 parts. Associated with these past 101000. And they're coming from all over the world you know and and they've got production audience. They also have a market capitalization that decides a Ford so tight there's a lot of people I look at who owns it. You know and if you look at the ownership of it it's a lot of institutions that own the majority is a big chunk. A Tesla. And if they ever decide to bail out on this thing is it's at 348 now and down eight dollars today. It could get ugly in a hurry. Yeah. Yeah SEC investigators report that that's that's where things get your and on the rich air. But more information comes out things can get that. The son of a California. Southern California man who died in the Las Vegas mask her last week. Is asking in Nevada court to freeze the assets of gun man Stephen pack. Says that he and other victims can pursue claims or there won't be anything. I doubt there's very much that this guy this much money. You don't think so. We knew me it's all gone. When you get to the bottom of that probably does and you know is there a couple million maybe I don't think he's doing much a lot of it has made much out there for him you know when you divide it by the number of people that he hurt and killed night. Even when you think about this what's different about this shooting is neat thing about the last few that it happened in the kids or people with nothing in this guy had few houses. You know seemed like a relatively successful individual. We'll see you will find out about out a year you'll loads acted to the penny how much you yet disease is failing won't be giving any. Now I'm I assume there. IE big question is though. How will this impact Las Vegas from a tourism standpoint. You know the thing about this more people visit the glittering entertainment Mecca every month. And live there on a year round basis there 34%. More hotel rooms than in New York City far outpacing any other market in the country. To put it in perspective. It's like obviously tourism is the lifeblood of the economy at their it's 11%. On a national basis. In any site. 35% of the 35% of the Las Vegas economy is based on tourism and services for people coming and your right nationally until 11% to three times the rate the you know the overall US. I don't think this impacts us as I do think it impacts Las Vegas next month maybe two. And well you look back at even not insignificant we look at or Orlando rate the nightclub shooting didn't have any effect it didn't but he did ordered like Paris. I think I think it impacted parents now whether you know Paris you'd just say well let's go to London let's go to Vienna. Oh lead with Vegas there's only one dates in it's if if it's a unique city you know it is. In my anyplace. Yeah. Eight I don't think it of have a long term impact I think maybe the next month the season you know Austin hotel vacancies and people thinking twice about but in concert there I think once again. To the holidays it's you know it's completely out of sent him. Tucker on Friday night went to see blade runner 2049 I just must've been the youngest guy in the room. I think it was a young crowd overall was it because that's one of their concerns that it's all old man like me now the movie theater were sold out as the I'm 1982. And then the director's cut him around 92. As more of a whole classic grade it was it was it was not a hit the box it actually did terrible at the box office original blade runner that it developed kind of like a yet Tim cult classic. Yeah they'd they made this movie and Nam didn't do too well at the box office headed to a rotten tomatoes 88%. Fresh tomato. Death that was eighties dad's casket I thought it was a great movie it's it's a little long a little Long Island serious aspect to arson 49 minutes and it 43 yeah. Note nobody went. Pulled in 30% less than what analysts have been expecting 31 point five million other opening weekend. For a movie cost what 200 million dollars to make that's not great he. I would bet money that this does better. Then its opening weekend this coming weekend just from the most of all from the damage again an 80% on rotten tomatoes down and typically that's pretty good news and got to Los opponents here and we gaps. Football seasons are in this campaign yeah baseball playoffs. Hockey season starting lot of others artist other distractions that are if it has an eighty's score with rod tomatoes should need be of the cells that for Clinton that money to Netflix or Amazon like in terms of on streaming rights. I mean when it's finally out of theaters yeah they're gonna sell probably. My guess would be Netflix. Although I've never seen original labor of their very yak it's kind of like it. Pack or Amazon and he somebody who who lose somebody who would stream both movies yes if you got it especially it's got needy scored 88. Great inordinately that also means it'll last time theaters if it's there yet well though they'll plug in the theaters in a separate that rotten tomatoes score on the on the trees yet that you're seeing on TV going to yell out come out with another commercials promoting that it's getting higher higher regards on rod to me it's amazing how that's changed things. Are definitely different from and around me has been around for a while never mentioned that even ten years that we are talking about over the weekend that com. I don't go to a movie unless it's like 60% and above and that's your generation the Gloria generation. The most of my peers don't know. What rotten tomatoes is all but there and start to learn because it's being advertised on TV because those good movie says well it's an 88% score on tomatoes and I wish they did that shows that are on Netflix and on him this would that be nice it is it right now that is. Millions star. Policy is you know it'll say needs three and a half four stars. Were rotten tomatoes actually partly better barometers. I think that apps and it's it's very accurate from what I gather I mean like a scent that's all right basement viewing habits off a mountain so. Anyway. Rotten days is good the Kosier later 1249 get good reviews but did not do on the box office are. And then we should skip ahead this Harvey Weinstein. Story. You know you're in trouble when your own company fires yeah you'll the company makes the fire that's a that's a bad. You know I I'd. We've we've talked about these stories with Roger Ailes and a lot of people and I think this is what. Maybe progress looks like ray a decade even even a decade ago this wasn't. Yet sexual harassment is still happening people working this dingle and I've been getting training. On sexual harassment since the 1980s. Yet that's when apparently wants it isn't it that's patently. You know back in the eighties would happen is you'd go to a company meeting if you work for big companies noted documents they were for idea. I can promise you you worked for IBM Raytheon any major corporation. When they got all their employees together they would have a training session on sexual harassment when it is. What happens if you can do it. With the consequences are and and they show exactly they would tell us exact stories of executives big executives would major companies lost their job here's here's a guy. He is he is our companies are those guys disgrace and issue a letter that he put out there you know apologizing for his behavior in the same sentences. Saying he's gonna come back and take on the trump administration. You know at. Just yet there's no way that's what an enormous test off righty couldn't shut his mouth public media at least you know being. Just awful tee up next will be talking about a buyer's market. For hurricane cars do you want to bargain. You're buying you're willing to buy her working curry get a heck of it that's we're talking about next with Kyle stock from Bloomberg from the financial exchange radio network. Markets continue to fluctuate but we've John you covered get your daily update on what time and what's not a pro Mike Armstrong every morning at 1030 boldly on the financial exchange radio network. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. -- financial advisors are over the age 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you worked hard but now it's time to find a successor the Armstrong advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both are gays and transactional oriented firms with a solid stable of young advisors who put your client's needs first and provide them with -- service and attention to which -- become accustomed if you're interested in talking with us please call me at 803934. Zeros or one that's 803934001. Or visit us online at Armstrong. Advisory group dot com security's effort to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. If you're in the market for a small business loan you need to call leader bank if your small business looking to expand or improve your infrastructure you need to take advantage of this great deal from leader bank limited time your business can get an SBA loan of three point 99 annual percentage rate with no closing costs on loans of up to 150000. Dollars and ad rate is locked for four years in a democratic rating of 700 and give you an answer within ten days of receiving your completed application. This is the number you need to call 87769179008776917900. Take advantage of this great offer from leader bank a four year fixed rate loan of three point 99 annual percentage rate with no closing costs on loans of up to 150000. Dollars and you'll hear from them within ten days of receiving your application 8776917900. Call right now 8776917900. Member FDIC. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group 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 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 east savings account providing free online banking with me one point 15%. In oh percentage yield this is an online product only and there is no minimum balance required so log on to leader bank dot com and sign up today this rate may change without notice -- don't Dele logon to leader bank dot com get all the information about this great offer and sign up today before the rates change yet. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. The financial exchanges live on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles at the most. Days as the financial exchange radio network. If you're landlords take advantage is you rent a fully automatic on line great collection tool that is free for landlords with an account at a participating bank. And always free for Tenet's sign up could have ran checks deposited directly into your account. Call 8776917. B 900. Or visit zero dot net for more information. We're joined now by Kyle Spock from Bloomberg News to talk about hurricane cars take out. So Kyle speculation. Was around the hurricanes in about half a million cars. Were damaged in perhaps flooded and ruined as a result of you know the hurricanes Irma and Harvey what do the numbers thus far how many auto claims have been submitted. Yeah we're getting there it whereabouts Patrice. Sixty edition. But that's before Puerto Rico and insurance adjusters is still on the ground in Texas though. That 500 figures probably. Pretty cook pretty fair assessment. So what happens to these cars like let's say you own. You know Leo the only car and they they declared the adjuster comes out looks at it says he had sings a write off what happens that car. Yeah that. There's a few there's a few Ralph. Basically insurance company takes possession and auctions this. You buyers that will to a range of things that cart from its purest scrap. More it is literally sold off the mental. To you know rehearse and shop so it is that doesn't guarantee a total loss doesn't necessarily mean it. A total loss. So it totaled even though I is that consumed my car was wrecked and they give me a check for 22000 dollars because that's the fair market value of the vehicle. That doesn't mean the cars being scrapped it doesn't mean. Daddy you know their take in the bumper profits on that through co part all it means is. That me is that there the guy that had the insurance. He gets reimbursed. With the company chooses to do with it though they did junkyard they do whatever they want. Exactly and. So what are the cars end up will witness. Lake where do these cars Google. So a lot of them will be scrapped a lot of will be torn down for parts and the upside is that. Recently. You know a greater share of these cars are going to be total losses because. Attacked. But this sort of proportion of tact in these cars to. Grown much over the years it's closer to a computer yeah. So it's harder to acknowledge these things collateral will be sold for scrap a lot will be. Taken apart both took part in and some will be refurbished. Well Paulus a consumer Kyle Wright today we live up here in New England or elites are in New England how do we know that some. Car dealer hasn't bought a thousand of the scrap cars. And put him on car lots in Worcester in Rhode Island and Connecticut did in Massachusetts how how do we know that occurred when these darn cars. Yeah so it's really buyer beware there's more consumer protection now thanks Eric and Andy. Which there's a lot of it really crap because it made their way into the market but there's basically two databases where. Any insurance company that. That right across from the total Lott had to. Register the car or in databases. Federal live based on this one run by the insurance companies in check. There's a couple holes in each of those. All of the states and have a lot to comply with federal filing requirement. And not all the insurers. Participate. In the one that the insurance trade group runs so. What are the states that have lax regulations that was one of my big concerns. There's a few in the midwest are out of bullets confirming that there is about. About five left I believe none in New England. I think all the New England states. Are up to speed to. So he should double check me out that the best thing for consumers do though it any potential. Any car I mean pre owned car. They checked both these databases MM you know that keep these still advises that consumers. Take a closer look or government cannot take a close look at. Places that tends to show water damage like in on this side of the dashboard. And any roster around. Around the seams of the car under the hood that kind of thing. Does that really does a dealer have any liability let's say go to use Carla Berry get CarMax right they sell these are. ER is CarMax. Have any responsibility for making sure that I'm not like it let's see I've bought a card that I find out its flood damage can I go back to that dealer. And say hey you guys screwed up you Sylvia flood damaged car and didn't disclose. Yeah I think generally they'll make good. Given lemon laws and then the kind of downside of that particularly with a companies like CarMax auto nation or you know from these big dealership groups that now or that took them. To get tangled up in a lawsuit over there. But basically you know. Beat these records are out there and it and their best interest of nature. These beautiful history of the car and honestly. You know these big dealership groups are going to be checking those record burning cars they buy out option one's from some of these refurbished and shops so. Also probably won't touch him but. If possible. Yeah now and I I get it again Kyle thank you very much for your time we appreciate you figure you know who can do well with this is if you are. You know like as a whole mechanics and I've got friends that work on their cars. Mean you could buy one of these cars. In if you are mechanically inclined impact on board yet again the technology is the real issue you know if you're buying a car that's. Underwater if you're gonna credits 2010 or her younger. Van you know as you know I'm just need a backup cameras you've got all of this electronic system. Any edge about it like an 87. Cadillac then. It was. Fresh water mostly down at Texas wasn't salt water. And might still be all right you may go to clean up thing but if you're by a 2013. You know Ford Explorer. I'd be real terrorists. Identity it depends on me is a story and they in that article where a guy bought his green drove her back right date they rode off as a ranger for the in the check for and 22000 bucks. And he bought it back because he was pretty sure that it wasn't right off right now he's rolled the dice there. But he knew the car and he knew how it'd been damaged. In the insurance company is the insurance company just processing claims the they're portion this stuff out. And they are imagine they had 360000. Clinton do like to be an insurance adjuster. In Texas and Florida and in Puerto Rico and the Virgin Islands are measured at this point I mean if you're that busy you probably write these things off restaurants and you're not doing as much due diligence as you would on a normal week your to send out to see the water there total lost that one out. That is exactly my point and there could be a few good deals to have but again if you don't have the expertise be used in this I'd be real matters they got a senator got a cousin named teacher gonna send him down there. The stack actions which could DOC if it up next we'll be talking about it trump executive order that could divide the health insurance market that's next. From the financial exchange radio network. You've got Barry Armstrong. Financial exchange shall look like and eventually your 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 banker called them learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. Planning for retirement is not an easy process there are many factors to consider such as contemplating how much money you'll need to enjoy your lifestyle there's also the concern about legacy planning and health care costs it's like planning a Thanksgiving dinner and not shopping for all the right ingredients this is very are strong and if you're close to retirement you need to get my brand new free guide called retirement readiness it's only available at my website Armstrong advisory group dot com this guide will answer any questions that you may have about the retirement process and it will include your very own retirement checklist seat can make sure that you're hitting all the right boxes this guide is available exclusively online so get it right now at Armstrong advisory group dot com that's Armstrong advisory group dot com. Security -- for the 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 planning for retirement can be a complicated process many factors need to be taken into account including how to protect your assets from probate and in order to make sure that your process goes as smoothly as possible -- need to deal with an expert Todd let's keep a partner with the law firm of Cushing in dole and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets safe this month and has written a brand new guide told designing the perfect income only irrevocable trust in it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to protect your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guy. That's legal exchange showed died come. Legal exchange show dot com. This is a special announcement for a landlords chasing down league rent payments and making trips to the bank to deposit checks. Take hassle out of Wednesday with zero liter banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more -- -- rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816 or 18691. Very Armstrong here and I'm joined by the vice president G tool. From leader bank. 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But questions remain about whether or correction is coming. We've got you covered every day we've what's not and what's not from Mike Armstrong. Mornings at 1030 only on the financial exchange radio network. I have good news in a bad news president Donald Trump's executive order on health insurance the most significant. Steps so far to put his. Stamp on health policy is designed to give more options to help the consumers. So there you go if you're healthy consumer your small business owner. This executive order is great news why it's gonna allow you to buy me. Skinny coverage you know you'd you'll be able to go out into the marketplace. And you'll be Bork burdened. By the high cost Affordable Care Act coverage you'll be allowed likable guy like QV thirty years old. Rather than you have and a by a you know all this extra coverage that you may choose you that you may know one half you BO device skinny policy. That doesn't have pregnancy coverage and in is just real basic catastrophic emergency temperature. That's a good news. The bad news is if you're older. In your sick holy cow urine trouble yeah. I was gonna say is yeah you're right it's gonna show some pretty steeply discounted policies for a healthy 35 year old. If you are you know not on a group insurance plan if you're on if you're on Medicare your probably fine if you are. Employed by a large employers providing health insurance coverage are probably are if you are. Not all that healthy man you've just got laid off from your employer at the age of fit the and you have to go by your insurance and earn what you prescription drugs. Blood and the reason being guys agency understands. The healthy people have left. That pool wrecked me there to healthy people won't be subsidized in the sicker people so at the they can't I don't think you'll see them do just this I think they'll do this. And then they'll say in addition to this though if you're over the age 55. He can sign up for Medicare it too little and stuff that it pretty drastic. Change it's been talked about before it's been talked about in the past is. Making Medicare. More round will be eligible people making more people eligible for Medicare. As the week to circumvent this because the big problems and it is not about by Bernie Sanders now by. Trumpet has an it tightened up by his administration but he has been discussed and that is. Other than that. You're gonna have people. That are just left out of the system getting can't afford to buy covered so I think you're gonna see that they have to do something for that older worker. Who who can't buy coverage. Or can't afford the coverage of the Affordable Care Act what do you think this does to the mean to be insurers that are party in the networks do you think this. Makes more of them wants to speed or more of them drop out. Well some will say it will participate but we're not going to be in the network we'll just do the Stevie play. That everybody wants the young healthy customer yeah nobody wants the old sick right. If you're an insurance company. Boeing. Is betting being on flying taxes taxis and pilotless. Planes. You know people are route. Resistant to the whole idea of getting on a plane that doesn't have a pilot on that plane. But if you talked to pilots they'll tell you it's coming in remember you know a lot of planes are being flown now they don't have a pilot called drones. And they're still pilots that are running those planes here's where I think that gets implements it or how many flights a day are being done by UPS and FedEx. With no passengers and the two pilots. I bet those planes get on needed. Within the next decade I would imagine that you get at least you get down from two pallets to one. And we're nearly you don't let you because you could have the pilot age hit the pilot my peace in a warehouse in Phoenix Arizona right. Now I've met that's within a decade I can imagine I don't any can store more stuff on the plane I'd I still don't think commercially of people getting on to planes I don't think that's happening in the next decade where you know commercial I'm actresses and I don't think there's just be too much resistance from. A lot of people but again yet shipping packages across the country the military I would imagine if they're not using this already starts. Well he and Boeing is biggest airplane manufacturer in the world saying we're wherein. Believe we recognize that and and we're going do moved towards flying taxis out. Well only 70% of consumers today. Say they would get him pilotless planes. Sinister or percent that's that's what the I wouldn't I would I would not yeah. I've had a good life in this area I'm not a party old right I my best years are behind me. If they act quick question for what. Type of lifestyle do you want in retirement. Will you have the resource is you need to maintain that standard of living Leno asked these questions well to guide that we're giving away this month during the month. Of October it's called an investor's guide to retirement. Readiness. And you know what. If you're thinking about retiring there's a lot of other issues that come into it right you you wanna know what you're gonna do your spare time on which golf can you play a work in your tennis game. You know the financial side. Is what we can help you through this guy. If he'd like to call and receive a copy of the guide it it's only available online you go to a website called Armstrong advisory group. Dot com to receive an investor's guide to retirement. Readiness Armstrong advisory group 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. CBS is telling me. At least the market actions and not CBS the stock market is telling me. That Amazon is gonna make a big move in terms of selling drugs on line. That's the way it looks and so there's a memo put out here it may be some emails between company employees that they're planning on making a decision on this before Thanksgiving. They've been talking about it for a while they've been hiring key people to run this sort of company and will find out I think before the end of this year which direction they ago but you know you look at companies Express Scripts is you know one of the biggest drug delivery companies out there. The I have some pretty big concerns of ams on a sidestep and whether or not they'll be successful. We'll see you mean they certainly haven't made much of a dent in the you know comparison in net you know in the Netflix and the movie game but that this could be an area where they gladly shake things up. Even you mentioned the movies the you know they got into. Making shows and movies. In one of the shows they made it was pretty darn good and if you watch that are called alliance. And I've heard of it that's an Amazon yeah. Billy Bob Ford and he's terrific actor and he easy it was a good show. But the guy who produced that was David Kelly who's from Boston. His old man was coaches Boston university's hockey team a cut and David Kelly. Worked for he he produced that he worked for him is doing it in any quit. He said there are so screwed up an Amazon in terms of their movie business that he walked out on that somebody else took it over and they walked up to. They lost to producers mr. Armey house script can of beer fan as unlike funded area Oscar winning movie. There you Manchester by the city but it didn't he didn't messed around with the content what's happening news. The company. Is telling the David Kelly's the world how the shell or it can't do that and and that those guys are artists and able to put up with that. Especially got to tell you guys rich and so he needs this like hold that. Trying to every once and you've seen it is some rumors coming out like no one of these executives pushed really hard for girlfriend to be in Russia at all it's like sisters. Some bad conflicts fare the well run company clearly they're operating in some sort of little silo year because. You can't yet he Netflix is that time. I Netflix has always Aaron Murray deficit don't mess with the artists like you said. Definitely some idling and do. Well at least we have no reports are right this this is what it does this is being reported on Amazon and they are strong yet. Back to that topic at hand is that it. That could be a very big news Amazon does and the drug delivery business. Watch out. Yep I agree. Costco is also fighting with him is on and they are expanding their whole delivery service. Is a money loser. ID need the air GNU offered to deliver for free from Costco is only place a 75 dollar order. There. Among his form that they've really had no choice but to do you know ray unit you take a look at. It's called cost coup groceries for those of use our members of Costco. Yeah I mean. You think about it ray you you're paying this annual fee Costco and if you are buying stuff for you it from then you're probably checking out those same prices on Amazon and Wal-Mart. And it's. And if you start getting comfortable with food delivery services and it's Costco is not offering it and you start doing well there goes your membership that's the biggest single revenue item at Costco and BJ's had. Is that annual membership and they start losing members. Crew that's bad news that company with a Stockton and boosted it. Take a look at it because. My guess is that it's not going to be good down one and a half percent yet so and that's in response. Two and you know these people. People of the same opinion right they have the opportunity to take a look at it they do. They when we come back will be joined by Tim Stevens from the CNET roach or be taking a look at the 2018. Honda. A court Lotta people in the car via the teen model but a lot of people are owners of Honda Accord that is next from the financial exchange radio network. 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. 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Planning for retirement can be a complicated process many factors need to be taken into account including how to protect your essence from probate. And in order to make sure that your process goes as smoothly as possible the need to deal with an expert Todd let's keep a partner with the law firm of Cushing in Dolan and host of the legal exchange radio program has been helping listeners like you for thirty plus years he knows how to prepare your trust and keep your assets say this month and has written a brand new guide called designing the perfect income only irrevocable trust in it you'll learn about strategies to undertake what preparing your trust as well as specific language that must be included in order to Brit. To your assets from probate this guide is available exclusively by visiting our website legal exchange showed dot com. That's right. The only way to get this guide is online so head illegal exchange showed dot com click on the guides and articles tab and download your guide that's legal exchange showed does come a legal exchange show dot com. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. To financial advisors are over the age of 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you worked hard but now it's time to find a successor the arms drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both our -- and transactional oriented firms with a solid stable of young advisors who put your client's needs first and provide them with -- service and attention to which -- become accustomed if you're interested in talking with us please call me at 803934001. That's 803934001. Or visit us online at Armstrong. Advisory group dot -- security's -- to securities America incorporated member -- SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated if you own rental property you're going to want to hear about this exclusive program offered by leader bank it's called zero and is designed specifically to help landlords receiving and deposit their rent checks electronically as opposed to having to wait for the male co leader bank right now if you're interested -- he -- the number is 8776917900. That's 8776917900. 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This is the financial exchange radio network. I figured about buying a new Honda Accord well he chose the perfect segment listened to we're joined by Tim Stevens from CNET roadshow. To talk about that very car I tend. Nor have good so are actually my producer Tucker so we just bought the 2017 Honda Accord how does it differ from the eighteen. ITunes in the mid court a few changes to make is caught it's a little bit more of a driver's car interestingly you know the Honda Accord as a practical family sedan good fuel economy good value for money all that. The new ones they've they've made a little lower little bit wider a little bit sportier and a kind of trying to make this car. Resonate a little bit more with a more you or buyer now someone who doesn't wanna go the SEB group which is where we're seeing a lot of people go through. Different engines Turbo charged now until the bitter look on me more torque. I'm a little bit more room inside too there's even more remain comfortable for. So what are we looking at what it what are we talking. Cost for reasonably output dated 2018 Honda Accord. Starting price on the car is about 23 and half thousand dollar which is a couple hundred dollars more than last year but knew the record is on distancing package which is all clear adapters they used up so. That's an actor Chris controlling keep it there's been a better all basically include standard now before that was a thousand our options so. I really there's not a lot of a date to begin with but you can go on there ought to be on the mid thirties or well equipped remodel. I don't have a lot of next year appointment leather interior and a lot of the sneaky things to even go up to the forties if you want to put it in the third as a huge Arenas but reports. It's MF had record for the year 2013 and I just least 2017 and in the seventeen to one thing that really. Shocked me was how many. A bells and whistles if you will were available in the standard model could you kind of walk us through. All of the tech gadgets and whatnot that make your driving experience more pleasurable yes. Yeah absolutely there are a lot so pundits I think it comes to branding for a lot of these this safety things that are brought into play here and that includes things like after crews and a lane keep assist it in 2018 that you really really good it is the kind of thing that keep you. And in the lane yet to be wondering number should he is centered and it's. Beginning on the car we have been like driving itself be able to sender does a nice job during an on court is given. Civic and the will course but it helped you that your along drive and maybe you can old Bradley. I can help in that regard and he he he even tell you when you're getting drought in you that maybe you should pull up a break. I think like rear cross strap alert you to. Backing out of the parking space he kept on coming it'll be that you and basically I tell you that there's a sort coming you should keep an opera that. And really nice a resolution revue camera to a multi angle I was in the have a between them as well congressman text review cameras southern great that. He Tim going back to that lean key here assists I keep junior lane right. Then that's the idea does it tell you if you're getting too close to the cart Friday. It will warn you beginning to close in the you've got the adaptive crews on it like you automatically maintain a proper distance you can tell us how close you wanted to be from one car length all we have to think your five Karl likes. Sort of automatically maintain that this is for you you can pretty much is at the cruise control and more like that the Arctic air so. If you come to traffic the car will slow down when the truck examples be back up again all the so. Now it into what speed I think you neck if your bumper to bumper traffic with many of western New England are right. Run 95 runs the pike we're in bumper to bumper does that go all the way down to like five miles an hour. It it or blue Leah I'm not. Confident that the car will resume if you have to come to a complete stop fighting get a chance to test that sort and they either way there. I'm pretty sure what that you got a complete stop at least would you manes and resume on your own the data are well Narnia. While that's amazing it's amazing that you think like one. Nicely equipped is going to be in the thirties. Probably so yeah I guess there's about 23 and half thousand dollars and that the touring model would have a lot of bells and whistles are about 35000 dollars. Because sport for just over 30000 mob to be a little bit more engaging to drive the won't quite have all the accolades. And that some people might want. And how did these holed up for resale value ten. The deadly among the best. Out of court and going to be incredibly reliable and that's certainly not any change in 28 teams have because that in order residual values. Very well you know we feel a lot of records on the road after 1015 even twenty years of under 2000 miles on the so. When you buy car like that then you have confidence knowing is reliable and that might help. The result it's tonight you rank this compared to other competitors like terrier and a camera he or the Hyundai Sonata where's the court rank for you. But the record particularly the new record is that when the most fun to drive in and I know we're talking of the bit of a relative thing here this in the sports car by any means. A ultimately if you wanna carted into the more engaging drug recorded the ones used for sure. Is going with a manual transmission she did not too which is kind of crazy to think you look at Emanuel on the on the court. But it it that way very roomy and very comfortable in the 28 he made at a Baptist suspension the next Tuesday at a little bit more sporty drive would you want. Or you can still have laid back all right you saw they get most adaptive the most flexible of all the core. Very good ten thank you for your time appreciate. Our operator. Tim Stephens from CNET. You know guys like. The balls that he's talking about does that lean. Keep woody currently playing and I think yeah Atlanta is cynicism that's gonna be on every Andy card that you go forward. I think that's pretty much standard these days doesn't that mean all the new car right there you talk certainly you seem item without a vote for eighteen and go forward assuming you're not buying in the lowest model of the car most of them coming standard that technology at it's just. Take a lot of accidents. Out of the system because you think about like. Think about how often. You're sitting in traffic on route three in just think I think of all the roads the traffic is terrific. Right. And if you could send it at the Allen would maintain two car lengths behind that car. And whatever the speed is it is right disease you know you're not sitting to speak you're just an elastic to correlate behind it endorsed in the I want to stay in the Natalie it's really gonna help that idiot that I see in the car on the road every day staring at their phone and swerving into the three differently in your gonna have a car yelling at them all Brad be reeling its corner you turn off. Oh I'm sure you can't that's that's the unfortunate part is that simply can't amount I don't have out of Abilene assist but I have another feature where if you put on your right signal. The side view camera automatically pops up saying you can see your blind spot which has saved me a few times actually so I don't auditor turn that off in order. Actually I talked to somebody who drew it in the with the lead assistant he didn't like. He eat he thought it was too truces. And then the guy it was a Nissan product. And he used and told by the salesman that you could turn it off him. I I I just think that's that would be nice feature in especially you do the same driver. You say you're talking on the full rate witches a lot of us do not in talking hands free in Bluetooth right. That that would be really next that they think about all the traffic use it and and to not have to touch the accelerator and not have to touch like this you have to keep your hands we'll be you have to think he just carts drive itself. I finally. Hey the Dow is up eleven points nasdaq's up five in the price of oil is up thirteen cents a barrel. At 4942. It's Michael Armstrong talk herself and be buried. From the financial exchange radio network.