Nov 21, 2017|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the very Armstrong and show Oksana. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. The news late yesterday not good for the potential AT&T Time Warner deal as the Department of Justice. Late yesterday afternoon. Sued the company trying to stop the deal from going through chucked out and Michael Armstrong here today Barry Armstrong. Well I'm a little pre pre pre Thanksgiving holiday. And Mike this deal we we've been hearing about this for the last few weeks that the that the DOJ. May look to step in and effectively block this merger. They're trying to do exactly that as of yesterday with a lawsuit filed to try to prevent this merger from going through. Yanked him this goes way back I mean this goes back to trump on the campaign trail talk about this deal and the potential for it to go through search goes back pretty far. Or talking about here is AT&T who keep in mind owns DirecTV. Purchasing Time Warner which lets talk about their assets here what do they. In terms of Time Warner yeah it was Time Warner on. So Tom Ward the single biggest name the people most familiar with is probably the Warner Bros. movies to be sure okay. So you talk about you know a something like that obviously CNN falls under their umbrella to TNT so. What Elson and a true TV a couple of other stations like that so you know it's it's a fairly substantial. You asset pool they have as far as the that the content. What's important to note here is that Time Warner is not the same as Time Warner people. Right and this is something that I think a lot of people get mixed up in in the sale I understand what they want AT&T be owning you know more cable subscribers. That's not the case your Time Warner is the entertainment division it is a completely separate company from Time Warner Cable that was spun off for the senior seminary years ago. At this point of Time Warner itself. Does not have any. It does not deliver cabled anyone or anything along those lines they are simply a content of right now okay in what makes the the proposed rejection of this merger so winter staying. Is this is what we call a vertical mergers not a horse on the one trying to control more of a single industry it's a vertical one trying to control. The pipeline. Going from the company to the consumer and so. You know in the case of all use utility as an example you can have utilities that produce power that also distribute power that's an example of vertical integration justice similar here. You have a company that is delivering content so you effectively being that cable company to give you that connection. But also producing content in those kinds of mergers the last time we had a vertical merger that was rejected by the DOJ. I believe was in the 1970s yeah. OK so this is something that is it's un usual but I'll make that in the case here. That that doesn't mean that it's wrong. Kept so lay out the lay at the K three how does this adversely impact consumers to that's what the department just is going to argue here is that this deal would hurt consumers what does it do. Here's my view on how can hurt consumers if this coupled with what the DOJ or rather with the FCC is doing. As far as trying to repeal the net neutrality rules yeah. Can potentially create a situation. Where AT&T is able to give its content preferential treatment. And prevent customers from receiving other contents for the same cost driving up costs for consumers. Kevin how is that any different from Comcast's acquisition of NBC. I would make an argument that should have been allowed either. So I'm someone who believes very strongly. Ian competition I don't necessarily believe in a pure free market is the free market the company is able to come in and do whatever they want to. But I'm someone who believes in trying to create a competitive market in this type of merger while in a lot of industries. Is it not something that negatively impacts consumers. In Telecom. It's a very different ball game for what you see in something like retailer so forced simply because there are four more limited options as far as where you can get your cable from we know this if you go around the most cable markets. Doctor if you're going to what try to find cable. Down South Shore up what we have for options usually just stuck Comcast and Verizon. So you've got two options. As far as I know. Mike you here in you know that 128 -- what you have that it is same thing Verizon Comcast you probably still have. The other one that's in town but you can also go satellite you can go DirecTV could go DISH Network so you've got two to four options for at most don't unlike retail where pay if you don't like what Amazon's selling you on line is a great I've got a million other stores I can go to sure. And so from my perspective the 'cause there are so few companies that actually run that pipe in your home and you have so few options for competition and because it's it's. Keen to try to switched cable companies it's like the worst experience ever intentionally to. I view this as a different scenario from other industries and so while I'm not sitting there siding with the DOJ saying hey they're a 100% right. I sit there SA. Look I get that in a lot of other industries this wouldn't you know we don't even bat an eye at this merger. This one I I don't know if it is open and shut as people were making it out to. DM II. Agree I think it's going to be an uphill battle and I think that it you know a lot of people sanity and she's got this in the bag I don't think they haven't met I think it's going to be difficult. Difficult argument but I think. You have a very difficult time overturning precedent. They have a very tough to a judge has a very tough time saying OK well. We in the administration approved the Comcast NBC ya I know is different administration but nonetheless it was approved and this deal. It's not all that different from that one so how do like overturned precedent here. So here here's a question so wit the the Comcast and NBC universal deal that happened what was that five or six years ago Assam something went longer it was somewhere in that ballpark. One of the requirements that the DOJ. Put in place in order to have that deal goes through to was a requirement. That Comcast continued to sell. NBC universal content to competing distributors at the same rate that they would effectively purchase that content from the cell yeah. And so. I look at this and say OK maybe if we find a compromise there you're able to to get some substance something like that. In place and that's what I think is strange is it doesn't seem like those negotiations happened it doesn't seem like there and I know a lot of those happen in back rooms and there are necessarily disclose the public. But it doesn't seem like the Department of Justice went and negotiated with AT&T and Time Warner and said okay well that we put in these few Todd Yasser restrictions then we'll let that be a deal goes through it seemed like it was just know we're moving to block the deal we are always gonna move to block this deal and it is. We're fighting this thing tooth and nail. Here's the other thing that I'll say that makes this different from the Comcast NBC universal merger. AT&T has a huge wireless business in India wireless data is the currency that you have effectively. And so. This in this case AT&T because of the ability if the FCC changes rules which it looks like they will to what they call. Allowing 40 rating where a company can say look. AT&T could say all of our direct TV content is not gonna count against your data plan that all was said makes it very difficult. For any other customers or any other competition to come in. And compete against than simply because they're given that edge there so AT&T does have some incentives here. That I don't think. Comcast NBC universal did when that merger went through BF 67 years ago so yep I just you know I look at this and I have some questions about it and you know people say out near chuck you shouldn't worry about those things but. I I I worry about the lack of different voices and markets are worried about the lack of ability to switch to tube legitimate competition. And those are things that I think the president excuse. I I agree with you but I think that's an issue of AT&T and DirecTV being too business owner I don't believe that purchasing content provider like Time Warner. It is exacerbate that issue because. Content production is so much more diverse now we have all these different companies getting into content production via Amazon Netflix. CBS NBC the Time Warner all of these different companies are doing it and so there are still. A lot of different competitive options out there if you are looking to watch TV show or if you're looking to broadcast sports game you can go to a lot of different places but again believe this is department justice he were those. One thing that we can save pretty definitively this is going to lob be tied up for awhile AT&T CEO. Coming out and Randall Stephenson saying. Were were pretty much gonna take the DOJ to court. Eight a B and says see how it impacts the overall market in terms of mergers and acquisitions because you now are more concerned about. Other vertical integrations. Sticking with what's going on and media but with a more local tilts CBS TV stations not available for DISH Network viewers right now. I hate if you like we have all these different things that pop up like almost every six months with either dish or DirecTV negotiating with these local networks and just. Not making it works or yeah days CBS formally dropped as of 2 AM on Tuesday. And not caring and offered to for dish network's. Locally or really anywhere here so. Tough after dished dips to subscriber does CBS have any of the Thanksgiving football games you play do they do do not just one of them are two words I believe it's one it's usually one on CBS from one on fox and then the other and NBC they split him up the LA damp so they were actually have DISH Network anyway. That's a great question never thought I'd never met a single person that has DISH Network I. I had no I don't ask every person I meet what cables that have they have bird. I don't know Dutch. I don't know anyone was deceit their trying to look at how many subscribers they actually have. On a digging through and Kerio DISH Network number millions of describes as a fourteen million subscriber I'll DISH Network amending my jacket there and the activity. DirecTV I think is around 25 or thirty million. Expressed by the America. I think it's somewhere in that ballpark and you know take a look aka my pedestal and then give you DISH Network subscribers here you're due. Direct TV that's what I'm looking for their yet DirecTV. Has. Yeah about thirty millions to about 25 million subscribers. So between the two of them there's forty million people they get there. TV through satellites which is little more now on yet. From Volvo. Coming out and promising Hoover a fleet of self driving taxis. But 2090 work cover that story in just a little bit right now we're gonna take a break and when we come back and talk would Jack need gas from the Wall Street Journal. But have Google search results may be skewing the way you view the world will be right he's back right here from the financial exchange radio network. Trump's administration hasn't passed any significant legislation yet but tax reform is front and center it past the enemy here. Keep it here with Barry and chuck for the latest on the president's agenda and how the markets are reacting and this is the financial exchange radio net. Work don't miss the party of the season it's the fifteenth annual Rodman celebration for kids and it takes place at the seaport world trade center on Saturday December 2 starting at 6 PM enjoyed tastings from seventy a Boston's best chefs a blue men group performance silent and live auctions followed by dancing with the world premiere band funds raised support Greater Boston organizations that work to brighten the lives of at risk kids during the holiday season for tickets and more information go to run and for kids dot org that's Rodman for kids dot org. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of round date with zero -- 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 we see rent your payments for each unit received regularly on the same day every moment tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot meant to learn more or call 7816418691. 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 -- one point 15%. 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It varies so we we develop the rain to out of me to hold it yet because right now. You know with the landlord when you're writing range. Low unpredictable. Missing envelope the great line mostly waiting you might not get all the rent until the tenth or fifteenth of the month furthermore if your landlord on vacation in your renting a box you know what he does is it really pitched they'll. It makes the ranked electronic payments and allows roomy cheering for multiple remains an apartment that's great if you're renting out to college student absolutely. It's predictable it comes at the same time every month. And it's all on me. So the landlords who have been using it in huge time savings and appointments are you still giving the first six months free from landlords the first six months or three and then in addition to that. If you bank it one of the participating banks he ran is always pre. Those participating banks -- leader banking stone. Villa at that any bank could sign up bright and keep you at a bank in Vermont Connecticut. They could sign up and become part zebra yup you you're if you have a community bank that wants to be a member happened Collison and sign up and the service let me refer. All right if you wanna learn more about this he rent. Go to as he rent dot net give my call 18776917900. If your bank doesn't operate they can sign up for zero. Go to zero rent dot net or call them to all three. 87769179. Injured. Security suffered through securities America team members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Get the most comprehensive weekly economic update from CNBC senior contributor for Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. And last when he hears the word Google has become a verb more than anything else and here to talk about how using do. All can distort some of the the ways that we see the world as Jack neat guess from the Wall Street Journal Jack thanks for coming on with us. Jack can you talk about the guest book what's the name of the box at the top is it the preferred search box that comes up when we when we Google something. Well when you when you do something that some Google now will deliver you essentially what it. Seemingly definitive answer and that's called featured and it. It featured snippets so. Can you talk about the rise of this featured snippet and just what its overall purposes according to Google first. Sure are so super glue really years Google. To your search results to your searches would it presents you a list a sources it would kind of be ten blink and you'd go by interact yourself over the past. A few years Google has really increased the use. Of these so called featured that it which are essentially an effort by Google to give you any in answer to your question directly. And it goes out into the Internet books across the web for. It could detect it appeared answer what you're looking for and that without being executed during and the issue of that we found in from our investigation is. These features that that aren't always right and and that Odyssey mission because people really do letters kind of arbiter of truth. How does go to decide which result ends up as the featured snippet. Well it just like guys search results there's a couple of them are secretive couple that. You know. Really goes out and the weather that there have been books or if it detect it appears in a bigger question directly on and it also. I will. Consider other factors including the what it believes the authority of the worst and also we're wearing. Yet any good examples of Gould is being flat out wrong. Or just at least at least debatable. Well yes I mean what we found is you know it doesn't it's no more examples of Google weighing in on questions that. Where are you don't subjective. At best and probably unanswerable Leo running on philosophy religion politics that are. I'm so for example we. We searched who were the worst usable Simon who answered. With the game and political Levin chief executive. That was un source let and then. We asked you know. For example does money buy happiness Google will will give you an answer that says. Quote there's enough scientific research to prove that in the there in Utah study about that. I'm and it's even weighing in aren't really divisive issues so. You have should abortion be legal who recently decided at south African news site that said there's not the place in government the legislate against one choices. But if you ask should abortion be illegal. If promoted an answer from that you're quite a site instead abortion mercker. How in terms of the influence that this has on people behavior how influential. Can those snippets beat do we have any any data on that. Well there's. The best data we have is you know the mark and from element does the eight. Survey every year across the world what people trust for their permission and for the past three years. Search engine have come in and be most trusted source of information above social media or traditional media. And then that means you know. In Google of course and the 90% more than 90% of Internet searches in the world so. You know. People really really in Q. Treatment level authority on things and especially when he was serving up at that it appears to be to be definitive answer and presented larger right above all the other searchers also in many cases it was even reading the answer allowed especially true using it on. Talking on speaker it's virtual system. Be answered really confident air authority. Good well Jack we appreciate you joining us today thank you very much of the time and in the work on this. Thank you. Jack need gas from the Wall Street Journal. One thing to also keep in mind with regards to this is when Google goes about. Serving you search results. It's not a standard result that they give you. That tail more than based on your past behavior based on your location in based on all of these different factors that we might not even know. So I wanna do a little bit of an experiment actually just to see if we if we get any any differences Tucker what's what's the topic that were covering today were let's let's do this this self driving car down America. Let's hope I can self driving cars into Google now kind. All right. Self driving. Cars in I'm curious if we all my testing carts down. What's a self driving car I don't know what but what does it do that's all the time I'm curious just if we end up getting you know different results here so. You know we get a couple new stores at the top. But then I've got Wikipedia article something from our Google summer from the guardian from wired. New York Times ours technique are you guys got him the same thing yeah sega's again the same on that but our new Google will deliver different results if you may be looked at these things previously. And so I almost wonder if in some cases based on your previous searches in in browsing history. If you just kind of keep getting sucked into the same rabbit holes and all of a sudden your behavior changed because of. Yeah here's where Google needs to be a little bit more careful as. Sergio Google something you see an answer written in print. It's gonna give you a link to where found the article and you can very easily go and look at this but if you are asking your Google home question. And it just reads an answer allowed it does not easily allow you to go search ad in your presenting it as fast benefits if you're. Showings have in presenting it as fact and not setting your sources. And you know certainly if you're doing something that's debatable than your running into issues and where I think you Google would run into real issues here is they are in this big argument along with FaceBook along with Twitter along with a bunch of other companies know whether or not. They are news companies. And if they are that there's a whole series of regulations that they could face and if they. If they go down the wrong direction here than it could lead to more regulations for their businesses and don't do this right. Yet so effectively the the fear is that you know someone you know walks and says hey is the moon made of cheese Google and Google says yes of course the moon's made of cheese and then all of a sudden you're walking around saying wolf Google says so then it has to be true now and obviously you know that's a you kind of bailed. One interpretation every you can you can ask who will serious questions as well and if you're getting. You know incomplete information and not knowing where came from. All of a sudden you're in a whole heap of trouble because you know now you're believing that not always moon made of cheese but you can take it's truly need it. And it and that's where you get in some real trouble. The good news here I mean if there's a silver lining me there's a study done a 5000 questions. And the search engine answer 74% of them and the answer that they provide Edward 97 point 4% correct which went wrong out yeah and I don't know which ones for wearing crash but if you think about how many people are boom going on a regular basis if you have a 97 point 4% accuracy rate. That means you're still providing wrong answers millions and millions of. In in millions of times per day they're 3.5 billion Google searches today sound just a point that out. We're taking a break when we come back we are talking about those self driving Volvo's right here on the financial exchange radio network. Like this on FaceBook. I was on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks ticked hassle out of rent day we've -- leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit www. C rent dot net to learn more we see 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 7816418691. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. 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B 900 find out why many of greater Boston's premier property management and real estate companies -- leader bank as they're banking partner call 8776917. To 900 or email BBO at -- bank dot com for more information member FDIC equal housing -- Time now for mostly watch a look at the market's performance so far today until Berrian jog right here on the financial exchange radio network. Topped Wall Street watching him a couple top stories here let's start first with lows Mike. Willows beating expectations that the stocks download the. Yes and debris pretty good quarter they earned a dollar five cents a share which was above estimates there. Revenue topped forecasts and comp store sales were up five point 7%. Which again was above estimates the stock as you mentioned is down. A ballots close to 1% about 67 cents and I think the real news here is that Home Depot came out with comp store sales about seven and half percent. And you just. Okay you're seeing you know people favor one vs the other and in spite of having read the bang up quarter made it wasn't as good as them depots soon investors are poem a little bit off the table. Campbell's soup down 7% in trading today are people just not feel super right now hours something more sinister you know I I've. Think that it might be a little bit sinister I mean Campbell's has been just. A little bit out of fashion for a few years now ends in May take a look at that when your chart it's not looking very good. They cited dead tough quarter dudes you would just to costs. Then higher food costs and transportation. Stocks down 8% on the news today I have some serious concerns about this company going for believers not mean American staple but really struggling the last one here. And you guys eat soup. It's who the other night I very rarely can suit. Tucker can't super homemade oh Sunday was homemade and then Tuesday last week is scanned. I'm trying to get into soup I don't care I'm not like that's pretty good I'm trying to get into him this winter just is it's like a nice winter mile an usher and I'm not a fan like the cold summer soups and stuff like that a charter guy who. A wolf I'm on the chatter into that I considered chowder more you know it's it's kind of behaviors that are out like it's due out not necessarily have years who you know and and you also get into what is abyss that is just a question right you know but we we can go down that road at different time. What's let's move on to was self driving taxis smiles today. This is a story out of the Wall Street Journal talking about Volvo. Promising to build over 24000. Self driving taxis like 2019 so just two years away now. Yes I mean and and not even write you know we are a month away a little bit over a month away from 2018 so this could be coming very very quickly according to the announcement. I think it's marked by Hoover you know if you're going to find a company to build yourself driving cars almost certainly has a reputation of safety out there right even if they crash you're gonna be safe and I mean that's. I think that Paula still has that reputation and that's always been my opinion the company I kind of forgot that they were sold to a Chinese holding company a few years ago. But I still think the Obama still has that reputation safe. Would you guys get a self driving taxi. Yeah I deal little skittish at first but I I think you know and what not to talk to anybody I would yeah I'd be afterwards. I would do in a heartbeat down and a lot of people wouldn't even in a heartbeat I say this with all the respect for taxi drivers that you can have I've been in taxis and Hoover's. The drivers have no idea what to do that so. You know its its case where is there going the wrong way they're kinda people often used to it you sit and understand. I just hope I'm not home law. How is an maneuver once I was in Connecticut's ought to know any better but I found out that driver went six ways there are six miles out of the way. Like battle that's right backwards I was like where are we going to. The president just army the wrong direction we are completely wrong direction. Again Dolan seaport to Cambridge took me Logan Airport all right. That your ago that he gets it the sites US the airport everything you can have robot's very expensive tool this doesn't bring us to our poll question of the day it's up right now on financial exchange show dot com some makes you head over there and vote. Would you ride in a self driving Cooper. Again would you ride in a self driving Cooper this question is up right now financial exchange showed dot com I've voted I voted yes I. I cannot wait for the error of self driving cars just because there is no way to the self driving car can be worsen the person who was next to me yesterday. Who was texting and eating a sandwich at the same time. Opponent one hand. Big Mac and the other LC testing you know offense that there's no question I'm looking over and I'm like OK like I've got to median to Meyer and to my left of yet know where to move is among that stretch in 93 where everything jams together. And you know finally ads like look I need to slow down and get out of the way this and that is he has no idea where is going. Dario he didn't amount but Nancy efficient. And peaceful. By the way I am predicting an overwhelming no answer this question I had voted yes but I I'm predicting you know for why I think people are more accepting of self driving cars than we believe current global fund I get to that if the website and vote whatever perhaps self driving cars though everybody's always concerned about. Packs and hacking. And I'm concerned about those two but I still will take that over Leno Jimmy eating a sandwich and texting at the same to death it definitely. His let me tell you Jimmy ain't gonna be able to hack yes no always was due and all that. Once now okay I do wanna talk about the guy that we are giving away. This month from Armstrong advisory group it is titled the seven signs of a stock market correction. And it details some of the things that are out there that need to be watching in case you're worried of a correction coming anything from over valuations in the market. Whether there is lending that is decreasing at the moment. Corporate debt levels all these different pieces are things that you need to consider. As you trying to build your investment strategy and so are strong advisory group. Is offering this. Free of charge and only have to do. This call our office at 803934001. Once again that his 80393. 4001. It's free to get doesn't cost you a dime. And again it's titled the seven signs of a stock market correction it's only available for about another week right now so make you call right now 800. 3934001. Securities offered to securities America incorporated member Finneran SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated neighbor. A court chuck outward and a lot of text about the poll question yet to go to financial change show dot com to participate in all. Otherwise it's not account. Account is due Texas had financial exchange showed dot com we get some nice Texan you went from 617 a plan back to back in my tractor trailer in front of the first self driving cab IC well you'll probably lose your license and insult -- cap will be recorded music yeah it'll be recording you tells me it's covered in cameras. And luckily that's excellent seven concerts gonna work out well for him. Here's one that is interest in for 77 toothpick trapped frequently you're GPS gives you some stupid way to get somewhere that you already know how to get to. That's with a driver Lewis will be like. Look there's no doubt it might end up taking a little bit longer sometimes. But you don't have to try. You don't have to pay for someone to drive again I can't make this clear enough to give the benefits at once oh will they take five minutes longer in my take a strange route. I don't care so it doesn't have to drive someone else says I'm losing my sites are while low sulfur and I think that the people that this will help most are elderly folks. Disabled folks. And we need to get you know of multiple kids need to get to practice in the like there are so many potential benefits. To be able to have self driving vehicles that look I know that. You know it's a little bit scary. But remember. Most of our planes a lot of the time are flying with the pilots there but not actually control in the okay. Pilots take over when necessary and they certainly perform a ton of valuable roles there but planes wards like themselves that this. Okay. Let's talk a little bit about the update from the keystone XL pipeline we talked about this briefly yesterday when the news broke but Nebraska regulators approving the path of the pipeline through their state. Yeah outside AA I kind of expect this to happen at some point re enters pushed through by the tramp administration are still awaiting approval from Nebraska. The question now is really being asked. Is there either is it a necessity at this point we'll get built right here Willett actually get built being approved it looks like it could be pushed through but with oil prices down at this you know at this low level and demand novice eyes it was hey this made a lot of sense of the hundred dollar barrel. Yes so. With oil only at you know 5556. A barrel. It's at a bigger question as to whether or not this pipeline is needed here it's a trans Canada who would be the operator in the order of the pipeline. Didn't commit to funding the project on Monday they say that a final decision could come potentially as early as next month but they don't have to do anything even within that time for him. Now that having been said that there is a big bottleneck going on you know in their Canadians missed the shale production area of Canada this huge all of that growth. Not be able to get that product out of the area so wait well CA there's still some economic incentives but they're a lot less than there were three or four years. There is and yet you know you you look at this and as much as people like to rip on pipelines we saw that in the Keystone Pipeline spilled. Last week about 201000. Gallons in the Dakotas. It is still by far the safest and cheapest way to transport oil and I and I know that you have people who say oh we need to get off Boyle and we need to move away from it look if you want if you wanna go that route. Fine but you kick it off the today rightward. We're not getting rid of the 300 million cars that we have in the US today and so if you want to transport that oil in the safest and cheapest way possible. Pipelines there the we're continuing to get some text and on the driver was car questions we always tend to so let's circle back and talk about those a little bit. What would you expect the cost of a right to go down to buy percentages if you had a self driving vehicle. Generally when you look at how Hoover they're they're price structure tends to work I would anticipate that you would see anywhere in terms of cost reduction. Between 1570%. Not all that'll get passed through the consumer know I've got probably thirty to 40% would be what I would expect to see the decreasing cost. And he also needs to understand that it's looking very long term in the short term these vehicles are going to be huge expense I mean days you think about how much of Volvo is that the charge Hoover for their first self driving. Uber cards can be in Maine immensely expensive way more expensive than the person driving driving uber are currently but longer term as you get those costs down and you are able to. You know. It is send out those expenses over 1015 year time period then you can see where it cost apple. Success threes as what about putting people out of work you don't care about that act I care about people getting put out of work but that always happens. You know I'm sure that when the printing press was invented all the stone tablet makers and all of the you know people who were you know doing all the handwriting. Probably threw a fit because they said look we're we're gonna be out of a job we're not going to be able to do anything. I'm sure when Henry Ford invented the model see an awful lot of people probably Sid geno I have to give up you know my my horse and buggy because I'm gonna be out of a job. We always have to adapt there there are a lot of good reasons to be concerned about self driving cars that don't feel that the job elimination affair this this is a good one actually coming up here five away on Hoover who fills the gas to drive analysts Arafat Arafat I I'd I don't know. They got. Here's OK so here's a thing so let's say that all of our cars go driver was also in full service gas stations back we can send the drivers he'll work the gas they were all gone back to New Jersey and I mean I'm. We're surely an alarm would go often view over or go to the nearest gas station or something like that and I'm guessing you might have you know couple more gas delta attendants that you need in order a go build those cars go and work. We're we're bringing jobs to the people. Editors bring in jobs. We're gonna take a break in when we come back Brian Hamilton from Zacks is gonna be talking about Intel and another company right here on the financial exchange radio network. 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. They say claiming can have many benefits especially if it's done early this extremely important to protect your assets that you worked so hard to attain. But I bet you didn't know that if you do you're claiming the right way you might also be able to eliminate estate taxes sound too good to be true it's not Todd let's do a partner with the -- form of Cushing and Dolan is an expert an elder love and has been helping families with elderly claiming for more than thirty years he's written a new guy that's out this month called asset protection strategies and it learn how to protect Iraq since two of them in your bloodline avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes let's do leads an experienced team in Cushing and -- which has been helping families like yours that there -- state planning and he can help you to call right now to get -- new guide called asset protection strategies at 8668485699. That's 8668485699. Or you can download the -- break now from our website legal exchange showed dot com that's legal exchange showed dot com. Are you financial advisor who lacks formal succession plan you're not alone according to investment news 43% to 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 work hard but now it's time to find a successor ER -- advisor is a regional firm and we are looking to grow our business through acquisition we will consider both RI AA 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 securities are pretty securities America incorporated members in SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Hi everybody it's very are. Strong and potluck ski from the law firm Cushing in dole and we're talking today. About the state and asset protection strategies. That can help reduce or limit New York State taxes. But is it true that a married couple living in new wing and with two million dollars and assets pays a voluntary. Gift tax. A 100000. Dollars for the government if they don't have trusts in place I'd certainly can't be certainly depends on what state and to be living in you know I'll like assailant if if you if you have assets and you can't each state has their own exemption. You know like the federal exemption amount is 5490000. Dollars. You can pass that amount. And state tax free to anybody you want me in any state. But a lot of people say oh we don't have that kind of you know but. What you forget about is the states. A state tax system very they have their own system. And each state has their own exemption. Which can range from you know a million dollars to 201000005. Is around here 2.5 million you know and then some states don't have any. State tax the only one in New England doesn't have one news New Hampshire that's correct New Hampshire the only one in the in New England that doesn't have a separate state the state tax. And so the goal is by doing basic estate planning and using trusts you can double whatever that stayed exemption amount is thereby hopefully eliminating. Voluntary estate taxes. Up to whatever that exemption amount is double. Request your copy of Todd brand new guide it's called reducing and eliminating the state taxes. You can call and receive the guide the poll number 8668485699. Or visit his website it legal exchange showed dot com that's. Legal exchange showed dot com or call tool free. 8668485699. The financial exchange for Berrian chuck is alive on FaceBook and YouTube every morning beginning at ten. This is the financial exchange radio network. This segment of the financial exchanges brought to you by leader bank if you're looking to diversity. By your portfolio. Precious metals are a Smart investment gold and silver bullion coins are now available at all leader bank locations or call 877. 6917900. Or. Log on to leader bank dot com for more information member. FDIC. We're joined now by Brian Hamilton from Zacks talked to us about a couple different companies so why. Let's start off with Intel who taking a look at their 52 week range as started 35 currently trading. Above 45 dollars a share what are your thoughts on the right now. Our they have many new growth drivers actually yesterday talking about a trackerless cars and and elections went out and acquired mobilized the letter to that computer vision and in mapping for the driver less cars. And and out accurately shifted away from being PC centric company to mean more that data centric and they did this with. Deal with it and he can make some high and nineteen. Computers they also went out and Anthony's former had a graphics to really push him and that direction. The company has been posting now record revenues. Internet and data center revenues that are companies it's really really nice growth track. Trend as of late the analysts are allowed in the stock market is actually at this interest and an overweight rating we have here it's actually unanimous consensus agreement on the upside for the next two quarters and next two years. So that the house are really left in the fact that they're getting away from their old schools waving goat really Anthony's new high technology would like terms cars and kind gaming systems. What is been the real pressed mr. some the last three months seen their stock jump I mean more than ten dollars a share here is that really due to the mobile acquisition closed their one thing that's factored in there. It's a really big combination it's it's analysts are really love in the fact that they're getting away from there'll be held their old legacy aspect and switching into these newer high and growth areas. They actually KG I just you know report yesterday and Apple's can be used an Intel mobile and about 7080%. Of the new iPhone models next year which you're really taking some marketer from Qualcomm and there AMD Akron deal is really -- afternoon video also the mobilized going after nobody as well so that's what they're really looking at this company as a -- growth he kind kind the all older legacy and a company to. Inched so let's shift over from in here and talk about outright with trade and international. Yet right now they're honored entertainer and focused shipping container company way of why you guys like him. Well it's really a global global growth story the IMF came out this summer increased both global growth rate for you don't have to into an AT&T and a couple of days ago almanac and it was even more bullish and said that global growth is bankrolled by 4% sales increase the US. And both Coleman and Citi bankers mean. It's 10% GDP growth. I'm sorry 10% I earnings growth out of Europe. And so they're seeing it as they'd be growth story for them. And as Triton they can be shipping containers and ship could all over the world. This low growth story is really didn't boost from the app. Actually I put a really big supply crunch on all the containers which. Which are caught trying has a pretty good market share are out. And because of that and China is able to increased or leasing rates of five to seven years and they on are actually ordering or shipping containers coming in Q4 and Q1 so this is a now a big story about you know global gross not US centric to bishop mourned Asia and Europe so it so let's scenario when you see those areas. Growing they're buying more goods and services so they're they're down to desire and demand for these containers as religious skyrocketed sensibly. To me to have any concerns about Serena in the NAFTA negotiations here the yeah Brett said there are mr. often European Union and you know Asian trade deals here they is there some of their growth contingent on those successes. Donna really hasn't right now I really see an analyst reports you know point that this event is a you know potential concern but as of right now and it really hasn't told any of the buying power and the app purchasing up supplies around the globe so as of right now does those things are carrying you know. Somewhat weighed in because if this scenario which they think the overwhelming our growth is gonna outweigh those particular problems. Great well Brian appreciate join us thanks for the thanks to talk out during a look at two companies Intel ticker symbol as I NTC. And Triton international ticker symbol TR TN thanks again for time right. I you know get Intel and obviously that there's a lot of excitement over self driving vehicles as well as. Not any staying related to artificial intelligence my problem when I look at any of those companies. Is I often struggle. From a technical perspective. To understand who actually has the best tech yeah. Exactly my point there is it guys act like that they're you know I've every talked about on the show mobile ad for a noted there and offs in this business but our they'd much better than Google's way low are they better than who burst technology thing having your all of those have no idea I don't know how you evaluate it. Is out of what are we made after ruled little research if there's like an artificial intelligence ETF for something like that out they're just so that if you're not comfortable with buying and individually say okay Amy goes by all these know one ends up. Kind of being the standard there but I I I definitely struggle from a technical perspective. Figuring out. Who's got the best product and the other thing I don't know how you do that lets you got boots on the ground I don't know how unless you are an engineer involved in this business how you really know who The Who do leaders in this industry the other thing best product doesn't always win. Okay made a match enters VHS beta was the better technology back in the seventies and eighties. VHS one out and so it's a situation where the best technology is not always become the most popular. Microsoft windows. Case in point. All the time that we have on this hour of the financial exchange for Tucker Silva Mike Armstrong and chuck is not a we thank you for listening to the financial exchange right here. 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%. To 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 803934001. That's 803934001. Or visit us online at 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. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917. B 900 workers at leader bank dot com. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases in refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Mike what are the concerns that people have out there right now is that geopolitical situation can you talk a little bit about whether or not this is something people should be concerned about. Well I mean. Always be concerned about it especially you know made it seems that we've got rising tensions going on in North Korea. I don't like forcing out of Russian China but the important thing to just keeping your back your mind. Is we always have big geopolitical tensions whether you know whether either gulf war over the war in Iraq and generally speaking the market is pretty resilient that doesn't mean that it won't react to some unexpected events. But don't you know don't base your entire investment these it's just on what's going on geopolitical scenario with these situations. The important thing isn't necessarily to react after they happen but to be prepared in advance absolutely and so you know as that goes. Make sure you reviewing the objective observer of your portfolio you know is this a retirement portfolio that you know can be using for twenty years. Well so you really shouldn't care about the day to day geopolitical events go on but hey if you use in this portfolio that's may be. Fund your kids' college or buy your next home in the next three years and yet you need to have a much different philosophy and much different investment. Objective then if you're looking at a twenty year investment time horizon. Folks the guy is titled the seven signs of a stock market correction it is available for free from the Armstrong advisory group. And all you have to do is call 800. 3934001. To get your free guide or visit our strong advisory group dot com and you can download. 803934001. Or available for free at Armstrong advisory group dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader bank. A step ahead 2017 has been a banner year for stocks but many airports still caution investors to prepare for a correction while some out there may be fearful of a correction I want you to be ready for one I this is Mike Armstrong and I've got a brand new guide out this month designed to help you prepare for a market correction to guide identifies seven core factors each of which you should pay attention to in order to protect your assets and maintain a successful investment strategy is guides available right now by calling 803934001. That's 803934001. Take necessary steps to protect your interest regardless of market performance call my office right now and get your free guide seven signs a stock market correction at 803934001. You worked hard to build a strong portfolio let's work to keep it -- 803934001. We can download got right now Armstrong advisory group dot. Come securities -- for two 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 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 a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank. A step ahead hi this is very Armstrong and I've told you for years about my relationship with leader bank I'd been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. And. This is the financial exchange with Barry Armstrong and chunks of I. You're exclusive look at business and financial news affecting your day you're sick leave your world stay. Informed and up today to promote economic and market trends plus get breaking business news every day it's. And now the financial exchange with the Barry Armstrong and chuck saga. You know Thanksgiving couple days away by the moved receipt in the market by all the data that we're getting out today. Anything from earnings to us and economic data. And so we are going to dive right into trucks not a Mike Armstrong Tucker still be here very Armstrong. On a pre vacation pre Thanksgiving holiday second time I've messed that up to. To craft I act I can't get that. I just I can opens her over to. Let's talk a little bit first about some data that we got an existing home sales. Coming at five point 48 million on an annualized pace beating the consensus estimate of five point 42 and also up. About 1% from the prior month so good number on existing home sales. Yeah I was slightly surprised as I know it's all seasonally adjust today it's it's not a huge time a year for for home sales it's you know that's a very big spring summer to have a season and this is surprised so. As those good for the real estate market day is a monthly number sorry tend not to put too much stock in it but it is somewhat of an indication. Some of this is probably backfill and from homes that were under contract heading into the hurricane maybe I'd be pushed back a month that you're going and schedule and so there were so what we're getting to the end of where we can kind of talk about hurricanes is having an impact. But I do think it likely affected October a little bit. Just to September was kind of a wipe out for a lot that Houston area as well as many parts of floor. So good news on that front for existing home sales. Staying with hurricane related topics. Puerto Rico. Hired a contractor and this is you know we've talked about it quite a bit white fish energy yeah. And white fish turned up to a two person company from Montana had just about pretty much do it is start up hiring everything out to subcontractors. Well wait fish has now said the company is suspended its work in Puerto Rico after the Puerto Rico was their public power company delayed making payments to them. Under the terms their contract which are set. And on November 30 after the aborted. I just I had no. Can't fathom what is happening inside prep right now which is you know it's been taken over by management control boards. And it's still just screwing up left right center first of all they they signed this contract. With no oversight no public period of you know looking into it and this contractors and is no good no look Contra no bid contract that prices were all over the place. And was allowed to audit the contract it was a disaster answer now this this company is in here doing some of the work the contrast and canceled but they're supposed to begin you're doing the work until November 30. And you've got million you know tons of people without power hundreds thousands of people's 3000 people a day leaving the island. And now you're not pain the company that's doing all the work so they're they're leaving all of these workers are physically leaving the island they're not getting paid. I don't understand what is happening. You you you literally have hundreds of workers that are employed by a white fish as subcontractors now. And there were actually some talks going on the we're gonna keep these people on the island until. Mid December under new contracts direct with prep book. That obviously isn't happening now so it's just a case of. Horrible mismanagement head on understand I don't I don't understand where it's coming from right in day. I don't know who's controlling prep I don't I don't understand it it doesn't make any sense to me. How these things were negotiated and why it's just feeling left right center mean. It doesn't sound it's not a case where preface coming out and saying hey we literally just don't have the money to pay these organizations they're getting funding they're getting right now on getting there are coming in. And they're not making the payments of the people are leaving a what are you doing. Not good not good for the folks in Puerto Rico I do wanna direct everyone to financial exchange show dot com for our poll question of the day. There is out chatter actually not chatter there's an official commitment from Volvo to supply 24000. Self driving taxis to Hoover. By 2019. And our question today is would you ride in a self driving Hoover I would Mike did you say yes yep I'm good talker. All I am yes all three of us are yes what's the poll questions show though. Pretty slim here it's 47% of her listeners saying yes they would burn maneuver while 52. Or 53% saying no they wouldn't so little bit of a division here as to whether house and I trust Jeanne. And that forecasted that. All of this I will reiterate this story from last night were I'm driving home and there's a guy with a phone in one hand and a big Mac and the other. And he's driving down the highway now. Robots don't meet. Robots don't attack aperture one of the local news channels. In Boston did feature on they set a camera over highway overpass. And they're recorded how many people are looking at their phones was until it was like it's. Incredible how many people were looking down one of the biggest things that us sixty miles an hour. What are the biggest things I've done that helps me just avoid it naturally is a pretty much have no data plan. I really do anything in that something that just. I don't want to use my idea when I'm around and so are all of a sudden it's like a camel on the road my phone goes an airplane like I'm just on shut it down. Yeah I mean didn't apple recently come out that are driving feature by how people actually yeah exactly how many people using under human how to do it to me Oswego I couldn't tell it. Couldn't Elian. Black Friday is now three days away and obviously. That the talk the last couple years has been aides now Black Friday that's important anymore but Cyber Monday. Retailers trying to battle back against Amazon who. Some tricks they are and down I think some emerged somewhat good ideas some of them I think are going to. Completely backfired when that seems like pretty good idea right. If you have some products that can't be bought on Amazon should advertise that and Wal-Mart duplicate jobs thank you cannot buy these things what kinds of advertising any idea. I didn't see any of the specific items I mean presumably it's some of their own brand name items have been put on steep discounts that you won't be available on Amazon I don't know specifically what those products are. Some of the ones that I'm not crazy about his own wal mart's website you can now see the online price vs the in store price and on some of those items in store prices can be cheaper because I get the logic it's more expensive to ship something. But if your advertising higher online price it you know that person's gonna jump right over to Amazon.com to slow there there there in that that it will. An Amazon uses what they called dynamic pricing system to the prices change even throughout the day at. Based on how many people are going in looking at certain items so I'm curious to see what the the Black Friday and Cyber Monday numbers come in that. You know it's just who is it's so easy to buy on line and it's so it's easy to use Amazon like. I was buying a whole bunch of Christmas lights last night. Didn't even look anywhere else and aside from Amazon now and like I probably spent more than I should have because of it I'll be a threat to our it preloaded in there you one click shopped it put its there in two days they have made it too easy now to the point where. It's dangerous yeah it it is actually dangerous. From the financial sense how easy it is to buy things on him. If you could easily if you had a very good application like as good as Amazon's. Where you could do the exact same thing. And you might save a little bit of money and you just have to drop by the Wal-Mart on your way home it would have a box rate for you to pick up with you basically expands a thing on your phone. And they would just drop the box of your product ready to go ignited have to interact with someone would that be something you would consider. No no no don't have to drive about. If Obama is if I want to go buy something their I'll go buy something and you know it's it's just IE. I I just have a tough time with the buy on line and pick up in a stored so it just seems defeat the purpose I'm not going out and let's assume bettered a way better deal at a store or like. By the case where at a couple gift card somewhere couple weeks ago. And they want to charge me from that place like thirty dollars for deliveries of there's a book about paying for deliberately got fifty dollars in gift cards I'm getting usually go to the store and pick something up his doesn't cost me that your. But I would never spend money on the line to pick something like that's it's just. It doesn't fit with age it just doesn't match. CBS and CEO less movies coming out saying. That they might not be able to stay out of this media deal frenzy for too much longer. While they're there now I mean CBS was a big league player and they're just not an import. He has CDS you compare them to. The market Kapanen and his owner Netflix or in right now NBC's owned by Comcast and you're talking about Time Warner being Disney Disney and a 160 billion dollar company hence it's a CBS the leader not as the small player in the room and so they're trying to you know act nimble but I think what. I think the real underlying messaging here is that. CBS may be looking to be purchased word is out we're CBS fall in terms of ratings typically talking to be of any data on that. They usually always up there I'm not sure about exactly NBC's typically the strongest out of the broadcast networks right. I think it's CBS is it CBS it is the. I I don't know I'm not familiar enough with to be able. To say but you know CBS it's 22 billion dollar company right now looking at the the cash they have on hand. They don't have a whole lot there and it's company that's you know relatively levered with debt they've got about nine Milli in nine billion dollars in debt. I don't know they're going to be an acquired they might be a company that ends up getting bought. I think so crash just don't see how in a year you're not big enough deal to invest a lot of money in your technology today you know bring these. This original programming to a lot of different sources. So you're going to be at the winds of other of those big tech companies are dangerous for you and you know do you really have a competitive edge with your writers verses one of these other companies. Kind about it. Have a tough time by and that. You know it's it's a long standing company that's just they've lost a lot of market share. They certainly have. We're taking a break but when we come back we'll be joined by Julia hurts from the brewers association. Talking about the take back craft campaign are we really trying to raise 213 billion dollars to buy AB InBev so we can shut it down. You're gonna have to stick around to see what the case is right here on the financial exchange radio and. Even without health care or tax reform the markets are surgeon get the latest info on the sectors that are winning and those that aren't right here with the Berrian chuck on the financial exchange radio network. The stock market has been on fire for the majority of this year the Dow NASDAQ and S&P have consistently set new records yet. Uncertainty about future performance remains and fears of an impending correction continue to worry investors hi this is very Armstrong and I want to alleviate any fears you might have your portfolio won't survive a market correction clearly we can't predict the wins and yes but we can prepare and that's the focus of my brand new guide this month I've identified seven key factors to keep an eye on that could contribute to stock market correction including overvaluation of the market and rising corporate debt to receive your free copy of my new guide seven signs of the stock market correction call 803934001. That's 803934001. Or you can download the guide right now that are strong advisory group dot. Com securities are for two securities America incorporated members in SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. And he spent the last thirty or forty years building your financial planning business he worked hard -- your clients rely on you 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 you're 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 -- -- securities America incorporated member and SN BC and advisory service is -- with the securities America advisors incorporated -- -- -- -- -- -- an advisory -- in the securities -- companies -- -- 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 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 -- to leader bank -- can't 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%. 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Joining us on the line now is Julia experts from the brewers association sees the craft beer program director and publisher of craft beer dot com. Enjoyed it thank you for coming on this today. Julia what is the tape back to craft back campaign. Take crap back is you turn peek at. Forget about Erie it you know calendars in the marketplace model and craft brewers. And reminding the dear world net independent crackberry have a boy and that they're either great pad their beer we want to ensure they made that. So are you really raising 213 billion dollars try to buy Anheuser-Busch. You know what day. For their new her return man. Yeah I cracked back that harm are underway to 213 billion dollar begins 111000 last. People had given up more than 3500000. Lack of support in October. So you you've got these these pledges of support here. Are are you actually raising money here. We are raising. And unimportant it. If you've got to take back that they get pregnant where we are not collect here credit card. Information that we ever get 213 billion will be back intact and he bet. Oh that's good to know that's good to know so we if we get to that point will actually be able to do something but let's talk a little bit about the craft beer industry. We hear so much about the explosion in grossed over you know the last decade and really the last three to four years in particular how we craft brewers are out there. That the brewers association represents. More than 5700. Buried in the United States. 98 and abetted our I mean I'm being really. Yet we only at about respect by volume market. What are they have one of the things we see often is that. Younger folks people in their twenties and thirties tend to be. More ambitious and more accepting of craft Beers seeking them out a lot of cases how much market share to they have been that demographic do we know. They're ready to get over index gained meaning they love crack and they looked at local regional and national craft brewers. Millennia of care about the brand that is there and dealt. And what going on in here would be. Here are formerly independent prairie you know lack of transparency. Well if I don't beer lover holding bottler and Pierre I cannot help I that label when it in cricket I'd be here. Looking at some of the biggest issues facing craft breweries is they try to battle. The big beer companies what what are the most pressing ones that you want to get out there and make the public aware of. We public should be aware that bit of it and art in 1998 that number to be here. Very important support that market like in the black because they world class act here because it support our country our current. Until beer let Britney narrow it appropriate indicate that it is local rest are at a local store the market. I want my beer on the street onion and you I want my regional beer and and you I want it national drug. Otherwise what's happening in this is why we are ethnic going he cracked that we're seeing it looting and Chile. And Pillsbury that you have to play and I getting bumped up I'll and you become big beard had meet all the independent brand they're going in their play. Looking at the growth of the craft industry in particular New England I've noticed that. Around the Boston area it seems like in the last two years what we've had a hold of these primaries pop up is there any reason for that. Well you guys are definitely seeing more and more knowledge of the Alter it getting much harder the board and you bury. Like a lot bigger and more advanced micro very. Well you know you're up almost 238. That credible. And that he could become. A nation of the year. But these library I'm not gonna get it can't. I'm gay and didn't that they can only ballot bowl rim. And at a U account on the street. Any prior day in. And record the majority. In the united need. A little under control I think. And we changed. The you have got back trickle up. -- airliners talking about what they lie and retailer. Had you not you know produced here. A big beer but they had it could be your mother. Looking at the the trends that we've seen we've we now have I think you said about 5700. Marreese throughout the United States. How many more can we handle is there room for 101020000. Or do we get to a point where paid what we're just tapped out no pun intended on how many calories we can have. We didn't. I did what 101000 winery in the united. There that the great example. And any Indian late 18100. He had more than 4100. Read without much smaller Utley and now you know Mary. And and can you open up on the street. Aren't they make a world class year. Unable to read it and it absolutely did and what our country is all out but it not out you know monopoly if not out cornering the market. That's the word right trying to talk about anti crack back. Here's a question that I have I'm a huge craft beer fan but one of the criticisms that I always hear is that the price. Can be a turnoff for folks just because a lot of cases you might see four packs that are going for twelve or fourteen dollars in stores. How how do you make the argument that you warrant and look I think you're getting a much better product but how do you how do you try to make the argument to someone who says it's too expensive. There's no reason we're out supporting local men were going to arm. By we'd better. Caught up more support the good cause. But people in here beyond it convenient and try to make it here about the crap back after. And frankly that while it don't happen much in jail produced. What they may in May the cat because they're predicting how are you much much larger. Very good Juliet thank you very much for joining us and once again what's the web said the people should go to if they want to be part of this. Potential campaigned by AB enveloped. Outstanding thanks again Julia. Julia hurts from the brewers association and look I know the two viewer big craft beer fans as well. Should we about maybe. I had no no. I don't they're doing it's it's a they've got a funny video on their web sites. And I understand it. I don't really see this is a huge issue actually the amount of crap don't give her I understand what they're doing and they should be doing craft breweries should be joined together to try and you know make their way into stores. But I see this happening already mean take a look at. Your beer selections that you had in your local package store decade ago. Got a lot today glasses five years been transition differently that continues to be transfer it used to be had Miller view that cores yet Budweiser may be had Stella corona and like a couple others you know Sierra Nevada or something like that. And I was pretty much it. Yeah yet like 67 Beers and maybe got you know some Sam Adams in their two but there was a whole lot out and all of a sudden. It's just like the floodgates have opened India can't go anywhere without finding all kinds of stuff. Yeah I mean if I go to a restaurant and they've got you know just cooers Miller and Sam Adams untapped. I'd I am disappointed these days and I think every once in time for break here we come back we're talking about the new Cadillac. That drives itself right. Here on the financial exchange radio network. The financial exchanges of live on FaceBook so make sure to like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. 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 empire gold locally it just makes sense. Did 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 2017 has been a banner year for stocks but many airports still caution investors to prepare for a correction while some out there may be fearful of a correction I want you to be ready for one I this is Mike Armstrong and I've got a brand new guide out this month designed to help you prepare for a market correction to guide identifies seven core factors each of which you should pay attention to in order to protect your assets and maintain a successful investment strategy is guides available right now by calling 803934001. X 803934001. Take necessary steps to protect your interest regardless of market performance call my office right now going get your free guide seven signs a stock market correction at 803934001. You worked hard to build a strong portfolio let's work to keep it call 803934001. We can download got right now and Armstrong advisory group dot. Tom securities offered to securities America incorporated members in SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated and he spent the last thirty or forty years building your financial planning business. You 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 every dot 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 our offices throughout the region making it easy and convenient to set up meetings if you're 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 security suffered securities America incorporated member and SIPC advisory service as a securities America advisors incorporated burials are represented Armstrong advisory group in the securities America companies are. On affiliated. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take hassle out of Wednesday with zero leader banks all mine rent collection tool zero automatically deducts tendons went and deposited into your account visit WWW duds he ran dot net to learn more would you rent your payments for each unit received regularly on the same day every moment tenants pay nothing in the first six months are pretty raw landlords visit WWW -- Z ram dot meant to learn more or call 7816 or 18691. Hi everybody it's very Armstrong and potluck ski from the law firm cushy in dole and we're talking today. About this state and asset protection strategies. That can help reduce or eliminate your state taxes. Todd is it true that a married couple living in new wing and with two million dollars and assets pays a voluntary. Gift tax. A 100000. Dollars of the government at trusts in place I'd certainly can't be certainly depends on what state and to be you know I'll let us say only if if if you if you have assets and you can't each state has their own exemption. You know like the federal exemption amount is 5490000. Dollars. You can pass that amount. And state tax free to anybody you'll. In any state. But and a lot of people say oh we have that kind of you know but. What you forget about is the states. A state tax system they have their own system. And each state has their own exemption. Which can range from you know a million dollars to 201000005. Is around here 2.5 million you know and then some states don't have any. State tax the only one in New England doesn't have one news New Hampshire that's correct New Hampshire the only one in the in New England that doesn't have a separate state the state tax. And so the goal is by doing basic estate planning and using trusts you can double whatever that's data exemption amount is thereby hopefully eliminating. Voluntary estate taxes. Up to whatever that exemption amount is double. Request your copy of pods brand new guide it's called reducing and eliminating the state taxes. You can call and received guide the poll number 8668485699. Or visit his website it legal exchange showed dot com net. Legal exchange showed dot com or call to all free 866. 8485699. We Health Care Reform seemingly dead for 2017. Trump the set to push hard for tax reform Barry and chuck have the latest on how any changes might affect your portfolio for your financial strategy only here on the financial exchange radio network. The article in the New York Times is titled the near future of driving eyes forward but no hands at tended to not yet. Now interconnect segment. But I mean that's our justice. Next segment that's our guests to speak to miss up. Don't know where we were going to lose. We're talking about massive fish fraud what in my talk even about Turkey and pummeled distracted here were aids couple days from Thanksgiving Nigeria. Finish fraud okay let's talk about this so we've got this situation here where first of all the nickname given to this person based out of New Bedford the hard ball. Fantastic is phenomenal Carlos Rafael. What's actually happening as the results so Carlos Rafael I eat the cod father was recently convicted. And of for the nation's largest violations of fishing regulation basically non. Disclosing how much he was pulling in one he was pulling and he owns some. 22 different vessels. Valued at around 2.3 million and he's serving four years in prison. Indeed basically what was going on his for years as this district of efficient ways just. Lying about how much they are pulling in and what they are poignant. And now what's happening those who did convict this person is going to jail. But now they've revoked the permits have all these different ships and you've got you know dozens of New Bedford fisherman out of work. Well it it in this group apparently is one of nineteen federally permitted cooperatives in this region and they were permanent about 10% of the region's entire yes equals big is that so. This is not a small shift here. And my question and I don't necessarily know. I would imagine. That the rest these quotas are gonna be divvied up amongst the other eighteen cooperatives that. I would think so and I don't study the fish. I would think so I don't know I mean because. Technically this region has probably been overfishing and our reporting perhaps they don't divvied up it is the quotas were being adhered to use and cancer via the view of course I'm not sure. But the real issue that I mean the real story here is the 85 fisherman that are now out of jobs. Into old whenever it is that they revoke this that they you know put him back out there ritzy gut you've got almost a hundred people who are potentially leave their jobs as a result of this and that's not their fault right you know they were colluding with as they they had. They weren't part of this this beat fraudulent activity have we know. We don't play as Josie got cadres of the idol ups I don't think I mean maybe the captains but I don't think anyone's accused music fat people being colluding with that that. Hard to know if it's not necessarily case were all 85 were involved in this in some way but look if your captain near you coming back and insane agers who we caught. Late how how you do an act count yet. You know and so. From my perspective what it is just like any other type. Of Aubrey you end up with good people who get caught up in it through no fault of their own you know it's it's there you know our situations were people who were not doing anything wrong. Get taken down because a company is a whole inept you know he's doing something that they shouldn't be. Yeah and I don't disagree with the ruling about you know had a feel for these 85 fisherman are now on the job all in it for the holidays and the reason that these quotas are important is because if you over fishing area. It affects the long term sustainability and ability for those people to have jobs for the long run you can catch every fission in in the ocean right now if you wanted to but all of a sudden you don't have anything for next year and that's the problem and it's it's an industry that largely does this through self policing. On in largely has to but in this case. You you had a group that apparently was. Abusing the system and as a result. An awful lot of people are out of a job. Because of the so unfortunately. Turning to Colorado Colorado was hitting Hoover with an eight point nine million dollar fine over some shady drivers. Yes of 57 who were drivers were identified over the past year and a half. Driving through grid in spite of having felony convictions in major moving violations or driving with suspended revoked or canceled license and it. I just more problems for Hoover I mean you are. Portraying yourself as a technology company. Figure out a few drivers are felon drive those cars can't come fast enough for them again I see why they're signing this deal with Volvo just yet just as. The biggest cost they have in the biggest headache they have. Is there drive yeah and some of these like this what is of their own making like you hire someone with a suspended license rest or look if someone gets their license suspended while they're hired. You need to have systems in place of their taken off the road. And unable to draw yeah in this honestly just looks layers of data issue on embers that are part of just not checking the right source to see if these people should or should not be driving so I mean eight point nine million dollar fine for over is not all that substantial. But. You know you you can envision a scenario here where they screwed up in Colorado. Did they really not screw up in Nebraska New Hampshire Massachusetts and Florida yeah you could see the rolling off in terms of a number of additional funds right. And we know that Hoover had scrutiny because of dry drivers that have committed sexual assault and so forth and so it you sit here and you say. Oh Casey can't you know make you can't guarantee that my drivers and criminal. You can't guarantee my driver has a license now you understand what people are a little upset with them down you know and in and I'm someone. I've used to over an awful lot I've been an advocate for their ability to break into a business that you know I thought was artificially limited by the taxis for you know a number of years. You know this kind of like Spiderman with great power comes great responsibility like. If you get all of this business and then you just abuse your customers. Then you're gonna get what's common to the left you're no different from the taxis and if that's what ends up happening so. You have to be accountable and we have to hold them accountable. If they are going to be one of the preferred means of transportation. Quick word on behalf of leader bank. If you're in the market for small business loan you need to call it if your small business that's looking to expand or improve infrastructure. Email leader bank at BBO. At leader bank dot com leader bank is a preferred lender of the SBA. Maintaining a diverse suite of SBA loan products that are designed to help businesses grow. Take advantage of leaders expert local decision making with Chu along with a streamlined decision process enables fast turnaround. All the information you need is available by email and leader bank and BBO at leader bank dot com that's BBO. At leader bank dot com or. You can call that 8776917900. That's 8776917900. Leader bank is here to help you grow your business so email or call right now and utilize the SBA loan program leader bank member FDIC. News out of the Wall Street Journal locus robotic trees and 25 million dollars to help expand and grow their robotics business. Yeah inching out local cup and skewed based out of that Wilmington and doubling in Massachusetts I've raced for a five million dollar still a pretty small company but what they do is they design robots to pretty much speed up the warehouse process so you know right now you've got giants. How many how many square feet exams on warehouse this other hundreds the hundreds of half a million square foot warehouse. And you've got basically a guy carrying him rolling around a big. Carts that any text the text picks packages off of the shelves and puts in the Cardin and meals and to the front in the chipped. That is what this robot designed to do it's designed state the most efficient route to each package and kind of surprising that it's the of Amazon's not already all over this but again you know if you can see a practical application here if they're able to. Sell the search technology to an Amazon this could be massive for a relatively small country. And by the way I under estimated the size of these warehouses via the new one that they built down in Fall River that just opened this year. One point three million square incredible. One point three million square feet so you know obviously a massive facility and the more automation that you can build in there. In the easier that job comes in look we know I was driving down and the Mass Pike. Last week may be we can happen and we've talked about this there is a sign that Amazon had up it was a billboard on the side. Advertising night shift jobs at that warehouse paying 1675. And now. They did that those are good paying jobs for low skill work and so clearly they can't find enough people there automation is going to be the way they turn to. Skit it's going to be what they move into. In order to try. I don't know if the situation this company or it's another one but definitely interest in technology and 25 million dollar around it's just an eleven to invest little bit more heavily company's name again is locus robotics. We're gonna take a break now and after much do we are going to be talking then about the Cadillac self driving vehicle that's coming up right here on the financial exchange radio network. The financial exchanges line on FaceBook and YouTube watch Berrian chuck discuss the issues of the day and see which one smiles the most. Is its financial exchange radio network. The stock market has been on fire for the majority of this year the Dow NASDAQ and S&P have consistently set new records yet uncertainty about future of. Securities offered to securities America incorporated members in SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. 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 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 -- drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both RI AA 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 they've become accustomed if you're interested in talking with us please call me at 803934. Zeros or one that's 803934. Zeros or one or visit us online at Armstrong. Advisory group dot com securities offered to securities America incorporated members and SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities American 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 when he one point 15%. Annual 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 and don't delay log on to leader bank dot com get all the information about this great offer and sign up to date before the rates change -- 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. Many landlords are suggesting that -- and a Percy 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 zero and does a free service if you have an account with leader bank and if not they'll simply cost you a small monthly three call leader bank right now and 8776917900. That's 8776917900. Or go to Z rent dot com for more information member FDIC. Security suffered two securities America team members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. They say video ipad's ten pounds. But don't tell Barry in charge in the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. Neil broad depth from the New York Times joins us now to talk about his experience. Behind the wheel of the twenty team Cadillac CT six whip super cruise and Neil thank you for joining us. Here Neal first and foremost what is super cruise technology what what exactly does it do and what are its limitations. Okay well it's it's not a totally self driving system it is known as a driver has been system. But it has radar and cameras that look at the broad and and what the computer chips and software. That when your on the highways and that divided highways like interstate where there's no pedestrians know intersections no red lights or anything like that. The car will. Essentially drive itself in you don't have to have your anthem during bill there's a camera that keeps track of your eyes and your head position. And longer looking straight ahead. The car viewers itself or on the curb of the highway. It won't work on exit ramp or an Abrams but if you're out you don't driving off in to us Springfield. Even crews get want to get on a Mass Pike. Even cruised and until your exit without having you beat courier and and you're able that went down your phone occasionally you. Had to take notes something there you run a phone call. I'm you're a pretty big position with with recruits in control. How much time to get behind the wheels this. I had Chris six date. The. Big trip by the it was a road trip from Ann Arbor, Michigan to South Bend, Indiana. Round trip that about 380 mile. Out of that I probably had my hands on the steering wheel for no more than 25. Most of the time I just sat back. I was able look at videos of my phone I held on top of that might be the still pointed toward the road to recruit new I was looking at the road and continued working. A few times I looked the way too long is it lack of light that you would. But I agree that the told you'd hate snapped to attention. But it was it was a pretty incredible experience. How did you handle things such as not traffic in other vehicles on und I'm curious how it dealt with those situations. Very interesting question and so they're a couple times early in the right lane and traffic was merging in front of any. And never the car coming. You don't kind of exactly cut me off but that goes dark in front of me and it it hit the brakes are. But it was sperm or not. You know pretty much the way you might hit the brakes. A little bit suddenly and it. He uses radar to see what cars are as and that. Maintained that certain following this and so it slowed down and let the car. Scooter head and then and then once there were some breathing room there is setup to. You know that the speed that I elected. There was one time when I have no I wouldn't let slain in the concrete barrier just on the other side the yellow line. I didn't have anything networks that it was a close call or nerve wracking situation there it was. Like it said it's pretty impressive. This feature is only able to be used on highways at the moment is that correct. Yes so I have to give him some credit they really engineered the system so it is very hard to see how anybody could you do it. In a dangerous way it only works on the highway it has. Very very deep and all the digital map this is like Google Maps. On steroids times a hundred. So it's got a very very detailed digital map very quickly GPS positioning Gordon knows exactly where there and it you start heading into them. The exit ramp. It knows. You're in an exit ramp you're no longer on the highway. And that's when the red light flashed in the seat vibrate and says okay you have to take control your car now a lot. I'm so there's a pretty clean handoff from to recruit back to the driver. You you when you come down on entry read you get on the highway. You have to get centered in a lane and once it except a couple of seconds maybe a quarter mile or. Apple mile it realizes OK now I'm on the open highway and in Elaine I'm not in an entry ramp up not next wrapped. And duke recruit will flash green and it says are I'm on you can take your hands off. Let's say that I get uncomfortable with this at some point either I mean heavy trafficker may be just you know I I I just don't feel comfortable with that. How easy is it for me to take back control. Just put your hands on the steering wheel so I'm in the right lane and the car part of me is going to sixty miles an hour I wanna go seventy. I put my hand them during Leo land in the mirror and has. Blind spot detection so he moved over into the next lane when you do that when you take control and change lanes. Beat the warning late in the year and we all that goes either. Status as you recruit it turned blue and that means you've got control. But super cruised wolf well. Take over again once you get centered you know you blame and so anytime you want you to put your hand and you're Leland in you've got a car. These features were seeing them pop up on cadillacs and other high end models at the moment. But the greatest typically works this trickles down after a few years much like we saw with airbags and crews controlled begin with sure. This is going to be something that comes standard on a lot of vehicles in the next few years even if they are fully autonomous. Well for now it. Is GM is super cruise is only they'll build on this particular Cadillac CT nick only out. Roll out on other Cadillac over the next you know. Year two years. And then yes sure it will trickle down on the other models right now is part of an option pact is it right at about 5000 dollars so it is quite. What you know ten years from now we'll probably see this a lot of color. Better out there has you know they Leo ramp up to work scale production mass production. Cost come down the cost of the radar sensors and cameras in every single. Good Neil thank you very much of the time it takes for a put the piece together. Neil Bush debt from the New York Times talking about the almost self driving 2018 Cadillac CT six with super cramps. That's pretty fascinating stuff I mean the technologies impressive if you give people the text in a few questions. You wanna pass slower vehicle you do need to take control the car again pass the vehicle. And then get back in the lane and you know we've continued driving again but you can vary it sounds like very easily take control of the car here there's no. You know weird handoff here where you know race if you grab the wheel it's not gonna trying. Tug in the other direction. It's it's very interest in technology it's clearly still in the early adapter phase right now I think the starting price for this car they're talking about 75000 dollars and 3000 dollars and I'm not cheaper does not cheap right now. And my big question is you know living here along the 128 belts how does it do and I'm sitting in that you know traffic that's on 128 about 75% of the time. Stopping go traffic is it actually doing good job there I don't know Aussie. Yeah it's it's incremental progress but you you go back in in you look at how audits of evolved over time and you say okay. You know we eventually figure out how to do power steering and that came from you know your top and vehicles that went down to your lower and then you got cruise control and air bags. It always starts this way and so. I wouldn't be surprised again if you start to see. These types of systems becoming common. In the next three to five years in name effectively standard you know five plus years. Just because these types of things they can help to eliminate an awful lot of stress an awful lot of accidents. Yeah I mean accidents happen is the big thing is going to be have automatic braking so if you're not paying attention anyway. One it's reminding your if you don't pay attention writes that idiot that just staring down a cellphone the seats in a vibrate and the personal life so big moves here. Knew exactly. That is all the time that we have for the day for Tucker Silva Michael Armstrong and Chuck Todd we thank you for listening. Makes your head over to financial exchange showed dot com to vote in our poll. Would back tomorrow on the financial exchange radio network.