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Full Show 12-4-17

Dec 4, 2017|

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This is the financial exchange with the very Armstrong and shops are now. 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 give breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. For the first time in 31 years. We are on the verge. Of sweeping tax reform hi everybody it's Varian chart with you here. On a memorable Monday why is it memorable some of it done market is rallying. Because. Well it was really Friday night Saturday morning when the senate and whose vote to win it when they voted on this tax bill yeah. And they got it through ever so close Friday at one extra vote. Yet at one extra vote passed by a 51 to 49 margin there's still is some more to be done chew well I'd get a combined bill through both the house and the senate at this point. Just as there are some key differences here. The procedurally it was clearing another hurdle effectively and now the question is can you get eight combined to bill through it you have to imagine they're going to get. Something through at this point we'll talk about that because a lot of people like I've I talked to people on Saturday and they were making it sound like this was all done and said none on and the this this has to go through reconciliation. Conference here conference. And basically. It's it's a situation where the house Republicans are gonna vote with the senate or work with the senate Republicans 'cause. The two bills are not the saint. That that they're not the same and there are some pretty key and critical differences here. And so you know exactly what form the final built take and he's certainly up in the air. And the question is also can you get a unified bill through both houses because. You know obviously. There are differences in the you know composition of the membership of that in the house in the senate so. It's it's something where. You've gone from being kind of on the fifty yard line maybe just completed twenty our past 92530. Yard line somewhere in that ballpark now you're not there but you're you're saying okay we're getting pretty close to the end either in the reds that that they're yeah that that's. Fair statement you know I looked day I I made a list of the different issues that still have to be decided. One had to do with the state tax. I guess the senate wants to have an eleven million dollar per person exemption on the federal state tax. The house version left them alone and about five and my guess is my guess is that on just about all of these key issues the senators don't end up winning. Really no cut that's because because otherwise keep minded is more difficult to pass a bill in the senate right now. And and helps nice. Simply because you out there how wider margin you're well. How small house members effectively you're responsible for your district and we know the districts have become highly partisan in the last two decades and who. In the senate you're responsible for your entire state so whether you have. You know a couple of red districts are blue districts. It's a case where you have to be responsible to your entire population. And so it's a much different scenario there so. I think what you are likely to see is that you know lot of these. Cases where there are differences between these bills and I think descended bills likely don't end up winning out doesn't mean house doesn't you know push on a couple things. But they're pretty much gonna have to roll. Feingold will go along with what you want if they want to get this bill done OK so. The state taxes one issue that I wrote down to the sub S corporation the smaller business owners yup. I know while Ron Johnson. I think from Wisconsin will be pushed for some additional benefits in terms of pass through income and being able to deduct a larger amount of that pass through income. In order to reduce the rate it's effective date looks like it'll be January 1 January 1 that's that's probably what the don't what's the operate gonna be because one version has it at 38 point five. And the other has it at 39 point 69 point six it'll be the higher yeah it won't change and it's because the map that the senate is using. Just try to get this done the big thing that I do think is open for debate that is a real question. Is the repeal of the individual mandate. In the senate bill. For the fort Wright are great in and the president this morning was tweeting a vote he's amenable to may be having a rate higher than 20% on the corporate rate is that have to do with the individual mandate no I think it just has to do with trying to make the math work on and so. What I have heard his 22 were 23%. Is is where it's likely go in and out on the corporate on the corporate side yet but Hillary repatriation with the rate going to be repatriation it looks like it's now going to be tiered anywhere between seven and happened fourteen and a half percent depending on how much you bring back C they make it too high people won't be companies won't bring him back. Still cheap now. Okay. And and and individual mandate use you what are your thoughts on the individual mandate that in a degree because the senate wants to get rid of the individual mandate. It's it's dodging to put in here I mean that they wanna get rid of replicas buys them some passion. It's it's a tall horse to get rid of it though. Simply because politically when you talk about what that does. It has the potential to cause. Health care cost to continue to go up for people who do maintain insurance in fort become more expensive so. I I have some questions as to you know whether it's a good long term strategy it won't affect when he eighteen in the election. And in the reason why is none of this of kick in actually return when he finally taxes and everything and none of that actually happens until 2019. Yeah the the that you don't file until April 19 for whatever happens next year Reseda gonna feel the pain no you wouldn't you won't feel anything next year. If this were the case to purity through open enrollment for next year for health insurance bill those rates are set already you're already set at that point to this is all stuff that'll kick in effectively when you feel it it'll be 2019. So let's let's talk about. The the winners and the losers it through this tax reform clearly corporate America because I looked it. Financial stocks this morning rallying like gung ho on his. So here's something that that does bother me about all of this is we came in with the goal of pace simpler bill less tax breaks this that and everything. So you look at some of these breaks that have been thrown in for certain industries and certain like. Banks and energy bill the one that stood out to me just is making no sense so they're going to be significant restrictions on the deductibility of interest. Four. Come corporate and how much interest they can deduct. Those. Restrictions. Do not apply to car dealers had OK in the really wondered if you notice what the reasoning simple as his car dealerships they don't buy the cars with cash they take out mortgages they buy all of these they want to deduct the interest. Well OK I get that that's what you want to do what wide whiny to subsidize. You know Ford dealership or what are Toyota dealership very straw. One piece I know they are and they employee. Hundreds of people whenever commute you look at what you goat to aid where do you buy your cars. And drivers Jeff. You look at the number Peter pretty much ever super it's coming from Ernie Boch yeah pretty Nikki you'll get a many employees Ernie Boch it's it's enough. It's hundreds it's in the posts know no doubt about it and I don't deny that that's you know valuable business owner and so forth. But why are we subsidizing the car dealers instead of the you know the pharmacies like pharmacies are important businesses they keep us healthy what what it's so. Why it's the power a lot of destruct as you'd it's the power of your lobby saving with a banking if you saw the little banking loophole that was given yeah. I mean that's that you know I'm happy I own financial stocks are looking at bank of the market is trading over 29 dollars a share. Which was what fifteen dollars a share about a year ago. Yep so I just I look at some of the stuff that's in here. And there's always a lot special interest that there is but the whole goal of this was to try to simplifying clean things up you you you see this in your night eve today. And it has to do you use. Politicians. There but they're complex it was so what so here's here's my question aside from lowering the corporate tax. What are we are really doing here. Well on the personal side I think the bit let's start I'll take who Latin in my analysis and you can for me from. My analysis shows that somebody who's filing. A simple return today. In just taking the standard deduction. I think they're gonna win. I I think that that tax by the retired couple great up probably an extra 500 bucks a year something like that that that that couple retired that may be living on ED 200000 dollars a year with the Social Security pensions diaries after all that stuff yeah. I I think they would. I think the losers are going to be. And and predominately it in a lot of you're going to be losers I'm I'm a loser under the tax bill was. All the whole pay a lot of property taxes you pay a lot of mortgage interest. Anybody in that situation effectively you're property owner filing an itemized return. I think you're pro gonna pay a little more poised and especially if you're hiring if you're household income let's say you're married couple living in. New England in your household income news. A 150000. Dollars or more per year. I am pretty sure you'd pay more I don't think so now know I have a look at the numbers and generally higher earners are actually pretty good shape. Even with the the loss of some of these deductions you mind your grandfathered in on any of the mortgage interest so that that has no impact. And it short and you do have rates coming down in all the brackets except for the top one so. For from my perspective here here's some of the people who get her we still both of these bills are still getting rid of the deductibility for student loans. Yeah I mean if you look at who takes that though. Many people get that deduction. The student loan into what it would be and what you mean but because their wages to if you're tech worker in order for Google like an undercurrent here already talking about leakage deducted track here at good wages are too line. Google tech workers it's been right on his on tech or how many people work at Google like what what are we talking about you think that was the only people student loans. Yes what what about Jimmy at Starbucks like now. Jimmy's got student loans and Jimmy shouldn't be working at Starbucks at these guys was the economy sucked it's not his fault like. I'm not slate where we're really gonna stop. Oh so we're to I'm trying to understand why it's more important to allow people to deduct mortgage interest in student loan enters. That's still suddenly could work that could come. Neither neither bill has played but there's nothing to change there. Like I like I think most of the time and I've seen student loan B interest being conducted at times it was from the parents. The you know the parents that they student loans and they are detecting. But I mean when well I don't hang around with thirty or so made you so is this an issue among millennial yeah I guess talking yes. Yes. Like I I would give this young 98 trucks and I even that he does and understand congress can be. In on nine EY because I didn't like we're just not to like what does this who's this bill actually improved things for on the personal side. It's like well I really thin slice right it might be neutral about the emotional side of the corporate. The fact is this is a corporate tax bill yeah that's wrapped up with a little bit of personal change I would have no problem. Yeah I elected the if you look at it and you in the summit up at the end of the day. And and frankly look that's sure there's a lot of us who wanted them to do corporate old. And in here's where I'm going with this that's fine I have no problem with changing things on the corporate side and saying look this is something that we need to do. But on the personal side like this being sold out and help everyone on their taxes and it's not his creed is it's made out to be made you know what if your pork ball that would with the market 20% this year. Yup so you know they say like oh my perspective on it is. I understood the need to do personal because politically it's very unpopular we pulled it in in nobody wanted to do corporate all know everybody wanted to personal tax breaks like eating yet. May eight is not leave this summary is you know on the whole. Mean we've we've protein get much of a personal tax it's going to be a pushing the other thing to keep in mind all of the personal tax cuts phase out the temporary. Tempered. Well it's it's not the greatest thing since sliced bread but it's still a heck of a lot better than what we hat so that that's why. Perception. Coming up we are going to be talking about the biggest merger of the year it's too New England companies involved that way that is next from the financial exchange radiant. Berrian Jack Kemp the latest every day beginning at ten only here on the financial exchange radio network. Many of you listening to the legal exchange know that Todd let's do you spent his career helping people just like you with their state planning needs the common theme among his clients is the question of legacy claiming we all leave our children in the best possible shape but gifting our assets being a home or vacation property can create a huge capital gains tax problem that the kids choose to sell the home. The problems can become disastrous if one of the adult children has creditor issues or goes through divorce you know the old adage you can't take it with you and that inspires people to start giving assets away as gifts it can be a good strategy but the devil is in the details Cushing in Dolan has written a brand new guide that explains gifting strategies it's pretty by calling 8668485699. You can also download a copy on our website at legal exchange showed dot com just click on the guides an article stab you worked a lifetime accumulating wealth. Now you should spend a few hours making sure it stays in your family though right way. Call 8668485699. Or downloaded right now have legal exchange showed dot com. Hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in east savings account providing free online banking with me 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 logon to leader bank dot com get all the information about this great offer and sign up today before the rates change yet. Free online banking with leader banks in new east savings account that has a one point 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. Hi everybody it's Barry Armstrong and Jake two Lian we're talking about a program called zero it. This is specifically. Designed. For those of you who wore landlords and used to collect your checks. With paper checks are gosh maybe still do well zero rent allows you to collect checks. Electronically. JO hoping he could spend. Little bit a time explaining how he grant works and why it's a big advantage for landlords. Really vary so we we developed the rain to. Out of me to hold it out because right now you know with the landlord when you're. Range. Low unpredictable. 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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 want to learn more about the rent. Go to as he rent dot net him a call 18776917900. If you're bank doesn't operate they can sign up for zero. Go to zero rent dot net or call them total free. 87769179. Injured. 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. Get the most comprehensive weekly economic update from CNBC senior contributor Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. She passed. This segment of the financial exchange brought she's icy ground of your land or take advantage of zero. A fully automatic online red collection tool that is free for landlords with an account at any participating bank and always free for tenants. Now a collection of local banks are offering this unique program. Including leader bank in stolen bank sewing up and have rent payments deposited directly into your account. Call 8776917900. Today or visits you rent dot net for more information member FDIC. Well it is being billed as a transformative. Merger and we're talking about the acquisition. Of Aetna. By CBS. And the price first at the stockholders was pretty good they are they big got a nice bubble weekend. Yeah I was in this this deal has been rumored for we've been talking about the setting close to a month now with not a little bit longer there. And so Aetna had been trading around a 180 dollars a share prior to the weekend. Only up to about 184 now interestingly enough so Wasilla took almost a twenty dollar. Boavista beat yeah and so what this what this is telling you. Is that even though the two companies have agreed on this deal on the markets only pricing about a fifty to 55% chance that it actually goes through right now. DOJ concerns now I actually wanted to revise that is part of this is due to the fact that Aetna. Is going to also be receiving Aetna shareholders are gonna get a little bit of CVS Stockton and so five factored that in mind. It's actually about 80% chance to coasters are still 20% chance that it doesn't. What's interesting this is not necessarily agree use of CBS's stock for shareholders but if your CVS shareholder and your stock is trading very cheaply OPEC. The last thing that you want to do. Is going by very expensive stock with a because the value that you stock had was that cheapen that as the potential go up. They're effectively using their stock and Eddie deluded and in weakened price and to go one by yet. So capture upside a little bit so public CBS shareholder I probably see this move as a necessary evil as opposed to something where I sit there and say. Gee this is a slam dunk for me now well let's talk of forgetting about the value of the stock. Let's talk with a business plan news because I think I buy the business plan for this merger to be fascinating. Yeah I mean to you yet you talk about what they're trying to do here and they are bringing together. An extremely well integrated. Vertically integrated company. You know you'll have effectively at the top you've got your insurance company bull that you've got Caremark which is the pharmacy benefit manager who actually manages drug pricing coordinates. Those services. CDS is where many of us go regularly. For a prescription drugs. And our century's greatest like you'll be the in in the area in many communities and then at the bottom you've got you CVS stores which is where they're trying to get more people into it in continue to create activity see I love the idea. And and have long been a proponent of being able to vote you're CVS drugstore. And talk to a nurse you know year your kids got strep throat pretty easy to diagnosed. Get the prescription filled right there in goal in in this is the theory is that you are going to be able to go into. NE CBS. And talked to someone who you know is a registered nurse you know is a U physician's assistant. And actually get the level of care that you need without having to go into an emergency room or something like that cost savings are in norm struck when you do that week we did an interview not too long ago. With one of these kind of emergency clinics that are around the region yes and with I think Carol thank you name and I couldn't remember the company. But says Tucker some of the son of a gun itself if the cost savings weren't something like eat your 90%. Yeah you can if you can get a patient. To go to CBS. That check on their structure on Sunday. That it as opposed to going to the emergency because we have a sick kid with in your paper or or any kind of an hour time just wanna shut him up and you're like OK I'll take you to the doctor you know Ali and you end up often times taken him to the emergency room right right which. The costs a fortune right end and it's inconvenient and you might have to wait for hours. You whereas if you go to CBS on Sunday at ten. That's an awfully nice perk if I I wonder how they're gonna staff so that was my next question where you gonna get all these nurses from. Because we know that there's a view there's a limited supply of nurses yeah we already know the nurses. Are able to hold out for higher wages that hospitals and get a higher region and hire right so you sit there and say gee what are we gonna get all of these nurses from CBS and when you don't just need to nurse you needed nurse practitioner. Or Unita physician's assistant right easy you'd need somebody you meet a higher level which is requiring an education of an NC six years. 67 years yeah and so you know those people don't come cheap I'll tell you that. No they don't but what would convenient would be it is and and most of the time it like I don't know what you when I go to my doctors. Often times if it's fur like something minor I don't see my doc I see the nurse practitioner so here's the thing we've gotten there's about 9000 CVS is out now. How many nurse do you think it takes to staff one of those up. Hole. 710 in total. Well no probably three rated their full time yeah projected 24% and you're gonna as you're saying sis still do yes okay so called three to four per year on ours what are your hours wannabe prize wannabe like eighty and two adults. And PM to need or something like twelve hour day so often in that ballpark city sit there and say. So I've got to find you know effectively somewhere in the ballpark of 25 to 30000 nurses nurses practitioners practitioners physician's assistants I've got to go find all these people. And bring the men. It's going to be cheap it's not gonna be cheap he had a kid going to school you might one haven't changed their major. Coming up we will have a little bit of a conversation regarding the calling. From the financial exchange ready enough. Like this on FaceBook and follow us 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 Haslett a brand today we're zero and leader banks all mine rent collection tool he ran automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW -- he -- -- meant to learn more or call 7816 or 18691. Are you financial advisor who lacks the formal succession plan you're not alone according to investment news 43%. 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Or visit leader banks dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Many of you listening to the legal exchange know that Todd let's do you spent his career helping people just like you with their state planning needs a common theme among his clients is the question of legacy claiming we all leave our children in the best possible shape but gifting our assets be at home or vacation property in creating huge capital gains tax problem that the kids choose to sell the home. The problems can become disastrous if one of the adult children has creditor issues or goes through divorce you know the old adage you can't take it with you and that inspires people to start giving assets away as gifts it can be a good strategy but the devil is in the details Cushing in Dolan has written a brand new guide that explains gifting strategies it's pretty by calling 8668485699. You can also download a copy on our website at legal exchange showed dot com just click on the guides an article stab you worked a lifetime accumulating well now you should spend a few hours making sure it stays in your family though right way. Call 8668485699. Or downloaded right now have legal exchange showed dot com. If you're real estate or property management company -- -- -- banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's -- to see rent payment platform leader bank has a team of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as their banking partner call 8776917. To 900 or email BBO -- -- -- dot com for more information member FDIC equal housing -- Time now for Wall Street watch a look at the market's performance so far today thanks to Darian jug right here on the financial exchange radio network. Would you like to tax bill or not. Right you have to acknowledge that. Equities are responding in a very positive fashion yet they are you have the Dow Jones about 294. Points on this news the S&P up seventeen. Interestingly enough the NASDAQ is actually in negative territory on this news today. And so that is the one index that is down and even with in the Dow you take a look let's say. At a TY users know kiss for the technology sector in the senate well it in the senate deal there's no war indeed tax write it like it let's. Again I need to teach you this before I retire and that is. Congress is full prostitutes. And what you need to understand is they take care of who takes care of them right if you don't pay a prostitute. They don't do you ask them to do. That's the end technology. Adams did not pay congress their bribe it and as a consequence there getting a little bit penalized that this tax is my question am I'm looking at near the Dow just that the components and where they're moving and so fortune. Why the heck is Disney up 5% on the snooze. It's not related to that story it's related to the fox story where there with the the rekindling of those talks. Interest incas the other companies that are up they make Saturday and and it well we'll get to that story out of date there's a story folks if you missed it. Disney probably buying a big chunk of fox yet the the other the other ones that are makes sense Boeing's up 3% is there that makes a whole lot of sense Home Depot up 3% great they're keeping you know while the state local tax deduction up to 101000. And JPMorgan obviously we talked about you know the to help the banks are getting yeah or banks or get a big kiss caterpillar Chevron Verizon you'll get all these music okay understand and I literally what you gonna open up the Alaskan oil fields in me that there's. He again chuck comes back to bed think of this when every looking at the legislation in you can understand it you don't you don't understand like who got what. Always come back to best congress money can I just have a tough time getting excited about that this bill given me a one and actually contains. We had previously been talking about the CVS acquisition. Of Aetna. And I feel like it because I think CVS is the first company to figure this out and develop this vertical entity. And I think it's going to it it may take twenty years but I think it's gonna change the way that a lot of your basic health care needs are met. Do you argue in favor of the CVS acquisition of Aetna. Another senior what might wanna be in favor of it is it keeps a New England company headquartered in New England. CBS of course headquartered in Rhode Island and you that is our poll question today are you in favor. Of the CBS acquisition of Aetna Tucker just to note I voted in favor site I'm a proponent. Of this merger. And I should also mention that our farm. Has a significant. Position in CBS which we have held for we bought it this year birdied nine months at this point in that ballpark so just full disclosure. It and if you're one of our clients you know that we we have. Fairly significant position in CBS. Bitcoin. Has hit an all time high above 111700. Chris that was an hour so they changed. Over the weekend hitting that 117 mark today down around 11338. Right now. On their does appear to be some pretty significant resistance and getting. Really a blow of 121000 to some pretty stacked up sell orders from take note the order book out there at the moment. You know this is this going to be really interesting to watch over the next couple weeks simply because. The CBO Wii and CME. Both are in the process of authorizing bitcoin futures within the next week to two weeks depending on which one you're looking at him and that has the potential drastically reshape this market has you have you know that kind of legitimization. Potentially leads the creation of ETFs and things like that it makes it more accessible and it also makes it easier to short right now it's very difficult to shorten it when there's only a the boy and a handful of exchanges that are reputable allow you to do. And so. What do you care of the the story he and I paid predicted this that the federal governments are gonna get involved in the script and currency business. And if they do. Isn't it in their best interest undermine the corn yes and and and here's the thing. Bitcoin exists today because the government has taken. A relatively passive approach at this point two regular they've pretty much said. We're we're not interest in regulating it right now we don't wanna deal with that and it's it's not something. That we are going. To do anything right. That can't last threats like boy that changes in Edwardian country it's about a country like China India right. It's one thing here in the United States we have liquidity we have access to our capital but if you're Chinese. Billionaire right isn't bitcoin kind of an ice tools for you used to get money out of your country it is. But here's how I wanna tell little bit of a story have a friend who was a traitor. Over at the Chicago Mercantile Exchange back in the eighties and can and I don't know you words you were in the in the business and we don't you remember what happened with us silver in the early eighties would hunt Brothers where they pretty much cornered the market and and branded up. And so my my friend he was working BO at the CME India he was talking to. A guy who worked at a firm called Goldberg securities who was on the CBOT board and you know he before there. And pretty much you know who's talking and many said look you know we saw what punts were doing me a pretty much all through 1980. We said okay we're gonna get along for the ride and they bought in the a whole bunch silver fifteen dollars an ounce. They wrote that pretty much up until around 35 or forty and then they pretty much exit the positions. And then he said what ball what changed there and he said well we decide we want to change the rules. In the second that happened silver went right back down from me a 4550 dollars an ounce in the broader Dow gossage and and they lost the hunt Brothers got wiped out they got absolutely destroyed. And it's not because. Someone decided hey this doesn't have value and it's because someone else in the market the people who made the rules said. We're gonna change the rules of the game and I just think unity I think your federal your central banks are in changed Google's. I agree you had to think it was overnight. The it was I think was the UK treasury. Said that they were going to start cracking down on bitcoin. When that happens it's very rarely a one off thing eat it too well he goes and then if the UK's cracking down now the EU will now the US well. And all of a sudden something that you thought had all this value in promise. Has nothing because you're not allowed to deal and where were I would eat you mentioned countries that are somewhat civil I I would be more concerned. About China Russia and India. One in a big those three EE eight dear. They behaved much differently in the in the United States and you in and the other thing about those. They can do whatever the heck they want they had taken showing up in ALCON also all they have to do is say. What we're gonna shut down all these like all anarchy and blacklist all of these exchanges and you can't get any big point anywhere and were confiscating your funds. It's it's very easy for them to do it and I'll tell you from a personal perspective on not advise you what to do what not to do is what I might have done might have been done. I have sold all my positions at this point I remember you did that last week I'm out I met Thursday for an. One of the two but I. Lately it's when you start seeing governments talking about cracking down battle that is what spooked me because they're the ones who make the rules and they're the ones who really have the ability to kill this market if they want. Grab a pencil and paper the Armstrong advisory group in the month of December is distributing a guide it's the key numbers for when he eighteen now. If there's a lot of numbers here I'm talking about with the tax brackets are going to be in. With the exemptions are in the tax rates that are in. There's one piece in there had to do with the gift change your way just it's mentioned with the changes it for 2018. As it relates to how much you can get. Yet the big things so right now for the last several years. If you have a a gift that you want to make to either fail remember even a non family member brought you are able to gift up to 141000 dollars a year. Without filing anything without paying any tax and that other person doesn't have to pay any tax as well. Next year the amount you're able to gift goes up to 151000 so it's about 7% increase in what you're able to get. Well if you'd like to get this guy it's available for the entire month of December. Simply called the Armstrong advisory group give me the phone number and then I'll give you the website as well the phone numbers told free. 803934001. To 803934. Zeros or one or if you want it right now you can. Download this and print it off your office. It's Armstrong advisory group dot com just go to that website Armstrong advisory group dot com. Download the guide and you've got you've got to before your accountant printed out and sends it to you next year Armstrong advisory group dot com is the site. Securities offers you securities America incorporated member finreg SIPC and advisory services are offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Last week Tucker we did a poll on whether or not you would get into a driver loose car and I think about 70% of our listeners said they would give in to. Driver this car when we did that poll. Now you'd be of the vote with your feet. Tireless lift rides are coming to the seaport. Ha it's pretty exciting this is this is something where. You know we've we've seen some of these driver was vehicles down around the seaport in recent months actually recent years from Monday autonomy the folks that we interviewed that are spun out of MIT and make up purchased he says I have is adelphi they got bought by directing. Yeah so that they are now they must be some kind of relationship with lift as well. I would imagine and so what you are seeing here in this is coming from Carly and Emma who's the chief executive of new economy at the guy we had on it is you have got on twice yup. And pretty much. They are going to. Start a partnership with lift that allows us some of these cars to start writing pat ferry passengers around. By the end of the year now this is different than what they're doing in Phoenix they'll. Because in Phoenix there is literally there's no there's no safety in Phoenix Arizona this does have a safety net there is a new Tommy employee behind the wheel who's ready to take control to connect to and and there's also a second employee in the passenger seat who's monitoring operations as well. There's so they're doing this in a cautious and controlled. System and in scenario at this point they have 41 cars that they have on the road this. So do is he do you interpret that as meaning their technology has not caught up to Google because Google is saying we Google's got these cars on the road right now. No safety net no note nobody sitting in the at the driver's seat and that's in Phoenix to to learn it it probably has something to do with that I also think that with what you're dealing with in the Boston area to more complicated driving important in terms of neck ankles roads. The that he Arizona is also a lot more relaxed though I'm not gonna say the aggressiveness of drivers is something that's very differently you look at how people drive here compared Arizona. I'll forget it against -- night dinner you're somewhat giving the finger if you stayed a red light too long ago like two seconds to resign what he would do away. I gotta get to ORK now. But it'll be curious to see any misses this is now happening in three cities across the country. You've got company saying a jet General Motors saying these taxis are going to be on the road in two young ears you know it's just. It's happening we faster than what we want to know we we said this was about five years out. Two years ago now and we're sitting here now and we're about two years or so Casey got there four years instead of five lake remarkable. Is so we're just about there to surgery at a time on a one which and actually order a lift in the seaport area had before the end of the year now. While I wonder if this going to be a discount rates or anything like that. Only if it crashes. Yeah I don't slow. Not a full refund justice all of this just goes right into the ocean spray it right off fan here just literally into the seaport. Did I say they start to seep which they finish in the CBS. Well at any rate you'll see them on the road before you know coming up we will be joined by Gretchen rot. From Morningstar we will have a mutual fund to share with you. You wanna keep that pencil and paper handy when you listen to the financial exchange. That's next from the financial exchange rated. 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. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology Tillman McCall does he ran team at 7816418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi this is very Armstrong and if your regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you to understand if you want to maximize your savings I'm not going to be for you the numbers that this is information that can help you plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office right now at 803934001. And asked for my brand new free guide called key numbers for 2018. It's chock full of charts and statistics they can help you and areas of retirement planning that you might need the most that number again is 803934001. Or you can download the guide right now at Armstrong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Everybody it's very Armstrong and I'm joined by estate planning attorney Todd what ski from the law firm of Cushing in Dolan. We're talking about. Gifting assets can you explain Todd the differences. Between gifting assets away from an IRS perspective. Vs gifting assets away from Medicaid. Perspective this is a great question because two things one the amount you can give away for an IRS purposes is 141000. Today and come 2018 the news is it's gone up to 151000. Seems to go up about every three or four years yeah it's got to make up by a thousand and our legal guys so. There will be 151000. That you can give away. And what that means from an IRS perspective is that you. Do not need to file a gift tax return and you do not need to Pena gift taxes and you will not use up any of your gift tax exclusion. It is an out right freed. 151000. Dollars to anybody you want to give it to delight it's clear as the recipient that's a question out and yet you know. Mom gives their son. 101000 dollars and then that subtle call me settlement on gave me -- a 101000 dollars to have to declare that anywhere from you know absolutely nothing for the recipient and most importantly nothing for the gipper. However the differences for Medicaid purposes. It will be eight disqualifying transfer. It doesn't matter that it's not taxable for the IRS if you think you can give away 151000 dollars and protect it from the nursing home without creating a five year waiting period. You are incorrect. Folks it's important to learn how to properly if you're assets you don't run afoul of the Internal Revenue Service or Medicaid. Call Cushing and Dolan at 8668485699. Or download the guide right now and legal exchange showed dot com nets. Legal exchange showed dot com. Or if you wanna call. You can do so by dialing 8668485699. The financial exchange with Berrian chuck is alive on FaceBook and YouTube every morning beginning at ten disc is the financial exchange radio network. The financial exchanges live across doing in every day but if you can't hear us live from ten news. Download the I heart radio app on your phone or tablet in follow us when your able. Just search for the financial exchange and you can hear individual segments or all shows when ever you want them. Joining us now on a mutual fund Monday's Gretchen erupt from morning star Gretchen thanks for coming on Phil's. Pleasure to be here thank you for having me that's what we're talking about to attack about Columbia dividend income ticker G asked if he acts. It'd return has been 19% easily beating its Russell about the benchmarks 12% gain. It has eaten a 95% of its lack value peers over the past year beat manager Scott Davis and at home for more than fifteen years since 2001. And his co manager are my Barkley came on board a little over five years ago previously marked as equity research team. But the can't accept that not just a flash in the pan over Davis's tenure at eight about 90% of its peers and pop. And mark by about sixty basis point annually. It's been a consistent performer. Remaining in the category top app about Sony I 70% of its rolling three year return. Patent. To finally entered a market value category that typically appears closer to a large land and and it deep a value of signed. Videos slots be as bad a predictable source of cash flow is the best indicator for dividend pay out so they do require that each that holding. Does pay a dividend. And analysis dig deep and how the company generates cash flow for example. Aybar suspicious Agee he would not be able to support its ongoing dividend payment and sold off last year in September 2016. And as you may know the company recently announced it getting cut for only the second ever since the Great Depression. GE that is announced that dividend cut. Just this past November's that they were about a year hat of calling active and cut enacted. Benefits on that they have all of the stock. Turnovers while we're at an average of bank of the 25 cent had suffered years. On average singled out for four years I mean and yelled let's turn down a little bit slightly below 2% along with the rest of alert right category. They don't target specific deal number but they won at the consistent Betty came out. The total number of holding about 7800 stocks and alerts popping up and up to prepare it for Microsoft which is about 5% of the portfolio. Gretchen looking at this this holding. One of the big questions we always have when looking at funds are the fees associated with them what's what of the expenses on a fund likeness. Dirt that he shares which is the largest aircraft institutional stairs talked about that seven basis points which is average for additional share classes. The front load age there's charge 1% we just slightly below average for a large caps are mad here. And in terms of where you see this fitting in in someone's portfolio what kind of rolled his place. At the core holding it's been a steady performer not a lot of volatility. Nice large cap exposure. But that's Serbs want the complete portfolio. Outstanding well Gretchen thank you very much of the time we appreciated today. Yeah Gretchen erupt from morning star talked about the Columbia dividend income fund ticker on that if you wanna do a little bit of research on your own is GS. FT act. I was trying to find out and figure out why American Airlines stock was rallying if you if you're an owner of the stock symbols AM all the airlines are up. You know mentally it's up 4% so. The Tucker told me stories this morning regarding American Airlines and poll pilot. Situation but he years upon the Dow is we were just chatting yesterday and he said he wouldn't be surprised if that situation is a hack or be a disgruntled. Former programmer we're talking about the situation that allowed. A lot of the pilots to take vacation over Christmas yeah bed screwed up all there yet to name like 151000 flights. That we're not going to be pilot aegis daughters very where it happened to come on holiday week well what's interesting about it is. The basically what they did is they went back to the pilots and said look we will pay you an exorbitant. Obscene amount of money. In order to work over the Christmas holiday you know pilots RAZR handset thank you very. Actually got I think the money that sounds pretty good I'll take a 150% of my standard pay which is like 200 dollars an hour to begin with so me you know. As long as long as they get me there yup from point a to point B safely. They take as much money as they want. God bless America right and it's a great country. Markets are way up the Dow's up 232 points nasdaq's off 41 points we'll talk about why that is when we return. From the financial exchange Reagan. Are you financial advisor who lacks the 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 arms drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both are hiatus 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 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 8776917. To 900 that's 8776917900. Workers at leader bank dot com. Emirates the SE equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams traditional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and I was number 449250. Subject to credit approval leader bank a step ahead many of you listening to the legal exchange know that Todd let's do you spent his career helping people just like you with their state planning needs a common theme among his clients is the question of legacy planning. We all leave our children in the best possible shape but gifting our assets be at home or vacation property in creating huge capital gains tax problem that the kids choose to sell the home. The problems can become disastrous if one of the adult children has creditor issues or goes through divorce you know the old adage you can't take it with you and that inspires people to start giving assets away as gifts it can be a good strategy but the devil is in the details Cushing in Dolan has written a brand new guide that explains gifting strategies it's pretty by calling 8668485699. You can also download a copy on our website at legal exchange showed dot com just click on the guides an article stab you worked a lifetime accumulating well now you should spend a few hours making sure it stays in your family though right way. Call 866845. Come tax numbers that are going to change in the year 2018 regardless of what congress does with tax reform. And Chaka wanna talk first ball. About the personal and dependency exemptions and then also that change in the terms of the standard deduction amount you know let's start first on those personal and dependency exemptions goers are effectively deductions that either you received or you're dependents receive and when you were filing and what's happening next year. Is that numbers going from 4050. Dollars a person. Up to 4150. Person suits and increased. Of a hundred dollars a person so that means that for you your spouse and any children that we have for you get effectively an extra hundred dollar deduction let's look at the standard deduction how is that changing next. Yet the standard deduction is increasing as well and so what you're seeing is on the be married filing jointly it's going from 121713. Thousand if you're single it's going from 6350. To 6500. C get. Effectively an extra 150 dollars a person in extra standard deduction next year's well. And so between that and your personal dependency exemptions to baton extra 250 dollars a person that you can deduct there are some changes coming. 22018 tax code if you'd like. 803934001. That's toll free 800. 3934001. Or if you want it right now good Armstrong advisory group dot com he can download the guide on our website. Armstrong advisory group dot com or call toll free 803 34001. Security suffer through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally we just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead hi this is very Armstrong and if your regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you'd understand if you want to maximize your savings I'm not gonna bore you with the numbers that this is information that can help you. Plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office right now at 803934001. And asked for my brand new free guide called key numbers for 2018. It's chock full of charts and statistics they can help you and areas of retirement planning that you might need the most that number again is 803934001. Or you can download the guide right now at Armstrong advisory dot com. Dirty -- -- securities America incorporated member -- SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are -- affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the loss in your state 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 Melissa number 449250. Subject current approval leader bank a step. 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This is the financial exchange with Barry Armstrong and chunks of us. You're exclusive look at business and financial news affecting your day your city your world stay in. Formed and up today to promote economic and market trends plus get breaking business news every day. And now the financial exchange with Gary Armstrong and chuck son. We are on the verge of sweeping tax reform. For the first time in 31 years. The stock market loves hi everybody it's very truck with you here on a Monday morning. As the Dow continues to rally it is up 230. Points. S&P a little bit more of our modest dean and some of a gun at the NASDAQ is and in negative territory. And chuck Hague the reason stocks in general our rally and is now you know what it's generally deemed to be a pretty good corporate tax cut. Yeah and I don't think there's any any ambiguity about and I think that is the reason why you are seeing. Markets responding in this fashion in particular you know you take a look at our businesses that are capital intensive that are now able. If this bill does finally passed conference committee get signed which. I think is they're probably somewhere around a 75%. Certainty at this point so BM getting close to the end game right now. You know businesses that are capital intensive one of the big things they've immediate expensing they don't have to depreciate those assets so if some of the companies that erupt today. Caterpillar Deere why they sell assets that are expensive but now can be immediately deducted from companies. Taxes. As opposed to being depreciated. Other companies that are up. Talk about companies. Like all the airlines okay. American delta jetBlue all up two to 3% today why is they have huge purchases that right now they have to. Expense over time that they're gonna be able to do that all in one you're going forward Joseph favorable for profit easy it very much is if you are in a capital intensive business. The reason why I think tech is off a little bit today is a whole bunch barn decries pretty much got wiped out by the new EA MT. In the senate bill and so until we get a reconciled bill there and you get something that you know kind of comes out with us more clarity I think that's why you're seeing textile town. To be texting into banks and energy their way up to today. It doesn't diminish to. Meet you good day people talking about doubt 25000. Before Christmas if I Arafat before Christmas usually the San around comes after if I'll tell you what if if this thing does end up going through. I do anticipated being very good for stocks at questions how good it's going to be for. The average working person then but I think for stocks if you're in the stock market did there's no doubt that you know this is it a positive force behind. Not NFL continues to have viewership problems you know their viewership decline this year talker. He's darn near as bad as it was last year. Yeah I mean we were talking about this early on in the season how we wanted to. Check back in November antsy with the numbers are well the numbers are down not gonna Roger what I wanna point out the the were down. Sixteen. Point 5% last year and so what I noted on twelve thought I was twelve. So they're down. Led to all but they're definitely do it turned down an additional 8% this year as though the biggest key. Going down down 20% two years that's that's not a small problem near that's not caused by court cut that's not caused by. You know just Deo 88. A fluke. It's a bad product in the mishandled the national situation it's galore. And they still continue to now the last wooded Enron one now they're trying to make it mandatory for players to stand and track that just trying to mess with the players contracts now but it's too little too late. Oh. Well it's. The the biggest issue I think they lease gonna have to deal in these players need to understand tonight evidently the either. Maybe they understand it don't care but it's an impact salaries because now what's happening talkers. Advertisers are like Papa John's a big advertiser right EU look card dealers and and everybody who advertise on the NFL right they're looking at this product and there are sane and this is toxic I'd rather not be year all. Did in two jeopardize my relationship while it customer and here's the other piece beyond the product on the field. Is garbage. Like the Thursday night game this week it was Dallas Washington's al-Qaeda can be decent game it was crap like 3814. Been okay yeah like you look at some of these games they're just they're not good games like. Yesterday pats bills. Awful when he three to three. Why am I can spend the entire day watching that DC I went out I raked leaves instead that's how bored analysts. And then a month and a football game pretty both or. I don't know it greatly I was like screw this up I got crafted new license jaguars for a watch everything Lee's art. But they're not really huge difference. Mr. But like next Monday like tonight's actually do some Steelers Bengals next Monday at patriots dolphins packets can be over the for score it will be oath which is garbage like I support you you look at it it's it's a bad product that they are putting out there right now. In the continue to just bungle everything on the management side things. But I I do think the anthem thing is the driving force behind a ratings are now you do I don't know the attendance is actually apple this year. They're trying to Jimmy got a backlog tickets I mean it's it's so we're. Like those stadiums so rarely aren't sold out and lesser teams awful late Jacksonville for awhile couldn't sell any tickets to they were terrible vocal that trouble sell some tickets as they were like. And I mean you know what Saturday is LA rams a stadium that's a great. Team to watch young team. And they cancel that stadium out the senator line itself they LA's always enterprise are now forty years ago why can't they keep a football team. This is LA but it left shall once a week like it's not that hole I know it's on hard but it makes you look for UCLA they do for southern calorie yeah I. Same problem and airs on Thursday the weather's so nice this time here there's a lot of better things to do you know you look up your New England. In Europe raking leaves those forty degrees and and you know Europe now weigh in in San Diego same thing. It's fantastic air zone but my dad never apps but he's out in Arizona he said I'd rather be outside Italy and especially November it's beautiful. You. It beast in its way to got a text here which I did everything is the definition of what's been going on this year. From the its excel I wanted to do was start watching NFL to do fancy with friends and fantasy football is huge for an awful ratings in the past few years. But all of their political issues term right back off. And and I'm I'm surprised. It back here and everywhere dean at all yeah yeah yeah I. I'm surprised my father lost friends early diehard football fans and they like stop watching games. Not all of a bit of. Against. Anybody in the 55 years old that it bit. If your thought what are you know that I don't know bears to but you guys know that they they don't care people. And old people viewership for fighters old yes it out a final here here's what thing I'll tell you leadership is dependent on advertising sales rate. It'll pay for fifty. Five year period pay for 25 to pay really for 1945. Years you don't care about yourself tell you though. Twenty year olds and don't buy boxes. You know when when companies start saying you know I can't touch this prize in this. The the luxury boxes are all you know like cable all don't know so. When when companies start saying hey this product is toxic and I can't you know either advertise here or. I can't take clients to this game because it's too toxic environment and that company a say but I don't need the box at Gillette Stadium. I'll go get one at the garden because the Celtics are rapists and the money's gonna get spent somewhere. It just won't get spent there did you don't get his fifty million dollar country not yet it's the way I I look again. Don't late Jerry Jones don't like the way he runs his business and he's right on this. Like spears one why would you re up commissioner who has proven incapable. Of handling the most basic things in growing your propping him a race. We'll Angeles times private jet and health and certainly it's like why would you do this like I get earnings are down I just I I'm what I'm surprised that. Is that that many people care about politics. That that that's really a surprise. It's kind of hard to get away from it in any aspect of today's war why understand that he liked. I just fine politics in general to be sold detestable that I would never let influenced by buying decision. Unit that dike I egg and I know that it tends to via. Polarized country. You know like I couldn't imagine being sold liberal. That would impact my decision or sole conservative that something would impact my decision I would say here in the minority numbers. None in the middle group that I did I hate people what what what's interesting is there's that middle group was just doesn't care enough to actually like. Put something on FaceBook all the time you know and that probably they just say. It's not worth my time. And that they there's there's a lot of us that are kind of liked that just look at bill. You know. It's a lesson that somebody says I'm a giants fan that's why I stopped watching me at a foul if if as far off are our condolences but perhaps that call Monica Texas united you know maybe we should that we should send them our condolences. Uncle Sam is coming after you were a bit Colleen gains a federal court on Wednesday ordered queen base to report all transactions. Worth 20000 dollar warm war between 2013 and 2015. This it is. Is this gonna catch a lot of people by surprise it is and now we we talked about this briefly I think on Thursday or Friday just that a lot of people weren't aware. That big coins if you have gains on the net when you sell you owe capital gains tax the ire rest CI don't think they do because he never got 1099. Note is corn based hasn't provided tonight you're responsible for self reporting you are but all of a sudden was this now. You have you know potentially a huge number of transactions that could be reported. And look and amended returns some of that money might already be gone which means all of a sudden you sit there and you better hope you still had some big point because otherwise. You're gonna have nowhere to to pay for those guys are capital gains tax as you're gonna have to fire hire somebody to file your amended return yup unless you're capable of doing yourself and chances aren't you or not. Hey coming up we are going to be talking. We will Austin. From single point it aid Turkey you dug this interview popular talk to us about what we're doing with the segment it's all of that later a team wants or shorts just in relation to the candidacy industry and the going rate paying for your candidate her. With Dick. Okay that's the next topic from the financial exchange dragon. Barry Armstrong. Chuck saga breaking business news every day right here on the financial exchange radio network. Hi this is very Armstrong and if your regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you'd understand if you want to maximize your savings I'm not going to be for you the numbers that this is information that can help you plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office right now and 803934001. And asked for my brand new free guide called key numbers for 2018. It's chock full of charts and statistics they can help you and areas of retirement planning that you might need the most that number again is 803934001. Or you can download the guide right now at Armstrong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities American companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. And he spent the last thirty or forty years building your financial planning business he worked hard and your clients rely on your. But what about when you retire you have a team of dedicated professionals who will care for your clients in the same fashion as you do -- -- about a succession plan for your clients our firm the Armstrong advisory group is a regional firm based in Massachusetts and we are 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 have 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 SI ABC and advisory service is a securities America advisors incorporated Barry Armstrong represented their arms or an advisory group the securities America companies are. -- -- hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- bank is offering in east savings account providing free online banking with 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 -- -- logon to leader bank doc 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%. Annual percentage yield and no minimum balance and remember this product is only available -- -- so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. The problems can become disaster support of the adult children has creditor issues or goes through divorce you know the old adage you can't take it with you and that inspires people to start giving assets away as gifts it can be a good strategy but the devil is in the details Cushing in Dolan has written a brand new guide that explains gifting strategies it's pretty by calling 8668485699. You can also download a copy on our website at legal exchange showed dot com just click on the guides an article stab you worked a lifetime accumulating wealth. Now you should spend a few hours making sure it stays in your family though right way. Call 866845699. Or downloaded right now and legal exchange showed dot com. Vote on our daily poll question had financial exchange Joseph Johns come while you're there fire of the media player and watch the show while you work. This is the financial exchange radio network. You know a lot of us have been talking about beat going over the last couple weeks but not many people. Really served with the use for it is here to talk about a potential development. With regards to the point is well Ralston who's who's the president of single points and well thanks for coming home thus. They're great McMoran well can you talk a little bit about what single point is and what you're trying to accomplish. Absolutely so Siegel pointed. Mobile payment company that originally. Built a mobile payment system on top of actually text messaging so we could accepting credit card. Pretty amounts stemming from the text message so that was our original bassist and we're going around and said not non profits for profit businesses to accept payment in donations via the text message service. We're trying to do now was the point. Yeah we're continuing working on innovation and the payment space and we think that they coin and other crypto currencies. Are the next. Next phase of payments. And you know transaction media so going for. Cash to credit card and we pick now that this big court in or. Some type of you know you and I may be able to make a transaction that's like cash and not. Tied to either one of us but we're exchanging a monetary value. So how how does this work exactly Guinea Kenya dumbed down for being just I'm just having trouble understanding what exactly news. Recorder itself. Don't just Whitley what what exactly trying to accomplish using it what what what what are you trying to do with that that you can't do. With new dollars to that. Absolutely. Well in the canvas space a sort of focused in on it. Really tough to utilize a I credit or debit card solution because the banks just really aren't allowing that happened. So what we're working on implementing pick point four. Is to free up some of these merchants from having to utilize so much action be so cash heavy. So essentially out of Pickler or x.s. And architecture solution is the merchant is able to have their own wallet to consumers they'll have their own Lawler and they're able to do a peer to peer transactions and what that eliminates is actually any. In the you know middleman or process serve or anybody else you know we don't want to do these transactions on our network. So they corners actually allowed has to make that happen. What are the things that I've heard woes that the actual transaction processing time for bitcoin. It is rather slow is that true or my being misinformed on this. I think there's two parts I think that. Some people get confused that would actually initially make a purchase or exchange. The transaction time to be rather slow and that's because they're actually waiting for the bugs to clear. That is that we actually doing a peer to peer transactions like I've already purchased their corn. And you already have a law that it's going from me directly to you that transaction time is very quick. So looking at what your building and developing at this point how close to while public releases it or is it something that's already been released. Yes so we actually launched our beta and at that app a PP dot single seat dot com. And you can sign up for our data there and actually in about two weeks we're going to be like transactional. So will be ready to start making transactions that dispensaries. We're focusing in on the LA market right now position now that's going to be one of the largest market that's coming up to recreational at the beginning of January here. What does someone need in order to be able to use your system. They can actually get all of that and they get everything they need at our site but essentially they'll just set the bitcoin wallet. And then you'll be able to purchase the corps and instantly through our exchange we've built. So it all happens through your app and three your exchange there's no need to go to any other site or anything like that. No we'll walk you through at all and that's the goal that's our plan here is that it's an easy way for consumers to purchase stick point we're trying to eliminate all that. Confusion and having to go from one source to another. He could simply a person will be able to help you out with the purchase. Holding in the wallet and they actually exchange between you and another person. Business goodwill thank you very much time today. Pate thanks for having me on I appreciate it and single point really taken off the ticker symbols at Angie. Or goodwill Ralston president of single point you know the good gap that he's filling news if you talk to people in the marijuana business. It's it's cumbersome there's only one bank in new in in Massachusetts and I think actually. Funding decent Century Bank. Out of the city. And you know it's it's a tremendous not a risk because these stores are collecting cash or one of the few stores left it oh yeah collect cash. Imagine the risk for the drivers for for whoever takes effect cash. From the dispensary every night to the Century Bank to dropping off. One of the things that does make me nervous about a business like this is the regulatory risk. Because you know we've talked about how the CBO we in the CME all coming out futures at this point and all of a sudden if you have you know the Treasury Department come in and say. By the way. We're gonna start cracking down on users of bitcoin via it is something that does make me a little nervous there because remember the people who make the rules. They can change them at any point and what is legal today isn't necessary illegal to more. But for what they're doing. We're we're I think the the niche that they're filling. Is the lack of it deep and the lack of banking protocol in the marijuana business. Now the the the risk that they run a company like this they're big risk would be. The feds come out and say. Okay thanks can process you know credit card transactions on behalf of Merrill wanted Spencer's here's here's the other they can't do it it's a long years. The question that you know I ran into ones so let's say that you say OK I am going to weigh dispensary in I'm gonna go by. You know only out twenty dollars or marijuana. With a person bitcoin changes even throughout the day. So how much you might actually going to relate how much bit point two I need to Elie domestically that's what Tucker and I talked about the sporting this is the stability of the pricing. Makes it really tough. To be able to say wanna do the scale of the vendors gonna have to convert Cassius in me overhears so five years ago broke a bit quarter's worth twenty dollars now OK so would I use a whole big point one know like yet half a car right now for a whole big points so if I'm sitting there in saint like do what start bargaining with my vendor like here's how much actually wanna pay them. It's think this is one area where when we talk about bitcoin uses a currency it's still isn't quite ready for prime time because you sit there and say okay. I want to buy a car then we'll do I give too quick point to work I think it's going 200000 could I get a for quarter or not make sense. They if you missed the news I can't imagine he did CVS is acquiring. Aetna. NC get to New England companies try CBS headquarters in Rhode Island of courses in Connecticut. And we're just curious our poll question today is are you in favor of the CVS acquisition. Of Aetna. I am I I think it's going to over the next. Five or ten years I think it's been transformed the way many of us agreed to get our health care delivered and I think we're gonna go to the drugstore and how to. Did to meet with a nurse practitioners opposed to going to our doctor's office in many instances it that's our poll question go to our website. Financial exchange showed dot com if you wanna partake in the poll financial exchange show dot cop. The financial exchanges of live on FaceBook so make sure like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. 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 owned by your gold locally it just makes sense give leader baker Colin 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 hi this is very Armstrong and if your regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you'd understand if you want to maximize your savings I'm not going to be for you the numbers that this is information that can help you plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office right now at 803934. Zeros you're one and ask for my brand new free guide called key numbers for 2018. It's chock full of charts and statistics they can help you and areas of retirement planning that you might need the most that number again is 803934001. Or you can download the guide right now at Armstrong advisory dot com. Dirty suffered two securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state and he spent the last thirty year forty years building your financial planning business. He worked hard and your clients rely on your. But what about when you retire you have a team of dedicated professionals who will care for your clients in the same fashion as you do every dot about a succession plan for your clients our firm the Armstrong advisory group is a regional firm based in Massachusetts and we are looking to build our business through acquisition. We are affiliated with an award winning broker dealer RI UID and we have superior service capabilities we work with clients and all six New England states and have 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 as a BC and advisory service is -- securities America advisors incorporated burials are represented arms organizer group in the securities America companies are. Unaffiliated this is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take hassle out of rent decked with zero -- banks all -- 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. Everybody it's very Armstrong and I'm joined by estate planning attorney Todd what's key from the law firm Cushing in dole and and we're talking about. Gifting assets can you explain Todd the differences. Between gifting assets away from an IRS perspective. Verses gifting assets away from Medicaid. Perspective this is a great question because two things one the amount you can give away for and I RS purposes is 141000. Today and com 2018 the news is it's gone up to 151000. Seems to go up about every three or four years yeah it's got to make up by a thousand short eagle eyes so. There will be 151000. You can give away. And what that means from an IRS perspective is that you. Do not need to file a gift tax return and you do not need to Pena gift taxes and you will not use up any of your gift tax exclusion. It is an out right freed. 151000. Dollars to anybody you want to give it to do I have to clear as the recipient that's a question how often yesterday you know. Mom gives their son. 101000 dollars and then that subtle call me settlement on gave me -- a 101000 dollars to have to declare that anywhere from you know absolutely nothing for the recipient and most importantly nothing for the gipper. However the differences for Medicaid purposes. It will be eight disqualifying transfer. It doesn't matter that it's not taxable for the IRS if you think you can give away 151000 dollars and protect it from the nursing home without creating a five year waiting period. You are incorrect sorry folks it's important to learn how to properly gift your assets you don't run afoul of the Internal Revenue Service or Medicaid. Call Cushing and all and at 8668485699. Or download the guide right now and legal exchange showed dot com that's. Legal exchange showed dot com or if you wanna call you can do so by dialing 866. 8485699. Like us on FaceBook and follow us on Twitter ax TSB show you. Breaking business news is always first break here on the financial exchange radio network. And here I was thinking that my wife was the only person shopped at Macy's and again Macy's stock up today seven point 4%. Sounds like there and a good Christmas season they're pretty good Christmas season. Even with the the credit card processing errors that they had on Black Friday. They are going to be hiring 7000 more employees. In order to keep pace with the holiday shopping traffic previously they'd say they're gonna hire 80000 seasonal workers and now I gotta go 87 says saying hey. We've got to brings more people on board. How do you go so here's my question. You were in the middle of the holidays seems like I let it. Went what are you gonna do train these people and like six minutes I mean. Look I know that they eat probably a lot of these just you know back you know back office moving stuff in a warehouse jobs. Two of my wife shops on Macy's may award. Now and indeed it's like to do on more she is. They and she finds a lot of bargains not in store online online aren't aren't I could tell you last time she stepped foot in store talker I've seen a lot of Macy's adds this this year will say that like I've seen all over the partnership everywhere immunity images just like. I can tell you. You know I and I kind of thought it was issues the only one evidently not in and the stock you know they've had a tough year don't get me wrong. Stocks and as low seventeen dollars it's at 26 now. I'll tell you on the the subject of online shopping yet so. You know I previously said. That I didn't know Home Depot and Lowe's are necessarily under threat from and is done. I changed my mind yesterday you know it took him to become a hole or before five I'd been trying to tell you this I changed my much easier so here's what happened so I told I got. Bored with the patriots game zone and I started raking leaves. Well my technique is sloppy so got blisters all over my hands now and I said OK you know what I'm done with this and get no leaf blower. So I go right you know do some research global law. The one that I want to Home Depot didn't happen stuck anywhere. I go on Amazon not only do they have in stock they also offer me free next day delivery on it so it's coming today so I trials. 45 dollars. And I got a accorded it's a court once I want an electric just isn't one after you at the gas in this and I went. On this thing holes and. They barely trust me as a fellow homeowners chuck you will regret this purchase dare you be teased by all of your name there edits is so do you know why the belt get an electric. Barea get telecasts will. I will bring this thing in and what we're gonna do is one day on the show me and I'm gonna slowly with this thing and I know you're not credible that book it's. Racing has. Maybe it's the it's. The you don't use electric leaf blowers use gasoline. People it's that simple and I'm telling you this one. It was the best reviewed on three different sites. And David compared all the back I once I everything asked the listeners to Washington where royals from. I asked the listeners whether they would use an electric power electric vs gas. So what I've what Sarah I think I said dissenters say 686 acre ice at the same thing as I was going out there and it's okay I'm gonna get a ghastly Bork is that's all I've ever used nets on was experience with a win under three different sites one of which was run by a landscaping company and they said. Region electric now. And well I. I'm glad you finally come around to the point oh which was. That Home Depot and rules will soft or suffer from lost business due to M. Amazon is gonna start eating their lunch in innocent does. Is he do it at the edges rate they got chuck now to to buy Hughes electorate lethal. And you driven electric car and I think I thought it. It's so they got him there but now they'll start marketing use of their products that you would normally by people in all of a sudden every week just like me. You'll you'll come home on Friday in all the stuff you need few weakened projects Lordi beat. Them up does work clubs need as yet would be hands knew who I was raking in gloves and I still got blisters that just shows is that backlogs you know we've gotten soft that your your old age flipped them. A pretty 5050 years so far between electric and gas on the text line and give it time. It. It it's. The the day they will come around. As their price difference between the two got way more expensive but in the gas is paying yet maintain that the Ian bland the oil with the gas. What you have to hold on court. And in year nine in accord isn't coming disconnected and doesn't go. In a lot of times it court won't go far if it means that no I guess I get 200 feet of extension cord was. We'll see we'll see Ali I'm right after this thing if if it's bad a returner but. It was fifty bucks completely aghast when I was going on there are 25300. There boxer Goodwin right you're 3350. Outlook with its keepers use landscaper used now landscape partners Texas that the gas leaf blowers ago three years and it. We should have restricted the poll only professionals which chuck is not. Not just regular clearly not a professional but fully understood. They don't forget about zero EU RE landlord that number of clients that are landlords. And they used to literally they would wheat for checks to be mailed now what does it do its December 4. It's if your landlord chances are how much of your rent of the art collective. Probably half maybe as the Texans have arrived in the mail. They get to go to the bank and posit him. In week for the nuclear if you had you rent your rent is only it would be checked you re collected electronically. Zero and as the way to deal if your landlord I would encourage you. To call leader bank at eight sevenths 6917900. And sign up for zero. It allows use the landlord to collect rents electronically as opposed to paper checks. You can learn more by visiting C rent dot net at three get additional information as it relates to this program. Sikorsky in the Teamsters have agreed to a tentative. Labor contract. Yeah this is as of a deal reached over the weekend and union members are set to meet for a ratification vote here. Big reason is of course needs Paul want to workers in order to meet the demand for but helicopters 200 US navy helicopters. Until 2032. So I think they got some international orders as well as an air show recently. Yens and in so this is obviously a big job big deal for them. And so they are going to be out hiring up as a result of this and need to have this labor agreement in place with the Teamsters in order. Not to be able to kind of meet some of the requirements going forward for construction. Disney re engages in talks to buy 21 century fox assets earlier in the show if you missed it chuck. Was asking why Disney shares were up I don't know what the route there are 4% in trading there about 5% yeah and I think part of the issue here news. It will allow Disney to make a more competitive product as a relates to competing with now to do now almost 7%. You know. Days in MI interpreting that right that it is this acquisition of 21 century fox. We'll give Disney a good basis for better competition. A dean's Netflix that was by it because they'll have a massive slide bigger library it's cute. And keep in mind was Disney used to be for the last fifteen years. It was ESPN that was growing that company keeping an upload now now it's all their movie franchises it's what they have with Maher what's what that was Star Wars those are the things that are keeping them moving it's what they have with was frozen as is at the with the Pia. Frozen lake yeah whatever grammar. But those are those the pieces that they need to continue to build on just because. As we're seeing their cable subscription model it's die and it and that is not going to be the key money maker for them in the future it's going to be. What kind of property we have on the entertainment side that is what the future is for Disney and investors saying hey we like this idea. If if you're able to get this deal. If you're stockholders. Are you looking at this company insane to the CEO. What took you so long to figure out Netflix. I mean it Netflix has been around for twenty years just to know and keep in mind is this company that was. Printing money for the longest time and it in my upset that you know maybe they didn't jump on the bandwagon quickly enough. Maybe a little bit but I mean it's not a Disney stock in middle lacquered and you know if that this is a company that you know had done very very well. From the at 2000 all the way through the financial crisis and so. You know yes you you probably could have moved a little bit more quickly I think. But nobody look at Netflix has just eaten there I mean and I think Netflix is largely responsible. For the demise of cable and that's how. Netflix is not eating their lunch Disney stock in 2009. OK was trading at 27 dollars a share went up to 112 like is not a companies led the GT look at the difference in Netflix stock in the period. But Netflix wasn't really like a company before late date they were grown like they were a small cup yet they were and they they still RC only tinkered Disney's revenue dwarfs net. But Netflix is got a third of the market cap legacy. I don't know where. I don't I don't understand what the points might. Point news. Disney I think made strategic errors much like Wal-Mart made strategic errors in not competing with Amazon. I think Disney needs strategic airs. In not competing with that I don't know of who it is they used to license their products their best products used to say to Netflix. Here you go you can rent them promise and that allows Netflix to build different here's my theory Mary is Bela Netflix do all the expense of our indeed done. They're gonna come in now take all that content. Yet they are greatly because there they they're taken to start or Scott to get back Disney got paid for Netflix to do the R&D one. Like I admit it Netflix has become this staple of American. Home and I'm sure that when it's in every dark house. And I guarantee you when Disney goes away if they pull the fox content with them is if other companies start pulling their content to news and all of a sudden that puts you recently saying yeah we got our our base you know stuff. But beyond that. You know all you have is Netflix shows Netflix movies. That package gets real skinny in a. And in her. Any halt from CNET road shows gonna join us in the next segment to talk about the Jeep Wrangler thing about buying one. Well don't buy wanted to talk to any listened and me. Chuck and Emmy coming back with a review of the 2018. Jeep Wrangler when we return to the financial strain injury and work. The financial exchanges lied on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles at the most. Is who's the financial exchange radio network if you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in their dues local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology tell them a call this he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691716418691. Or zero rent dot net. Hi this is very Armstrong and if you're a regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you'd understand if you want to maximize your savings I'm not going to be for you the numbers that this is information that can help you. Playing accordingly and alleviate a lot of unwanted and unnecessary stress call my office right now at 803934001. And asked for my brand new free guide called key numbers for 2018. It's chock full of charts and statistics they can help you and areas of retirement planning that you might need the most that number again is 803934001. Or you can download the guide right now at Armstrong advisory dot com. Dirty suffered two securities America incorporated member can rent SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities American companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state if you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online -- collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks mostly in the reduced local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology tell them the coldest he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net many of you listening to the legal exchange know that Todd lets you spent his career helping people just like you with their state planning needs a common theme among his clients is the question of legacy claiming. We all leave our children in the best possible shape but gifting our assets be at home or vacation property in creating huge capital gains tax problem that the kids choose to sell the home. The problems can become disaster support of the adult children has creditor issues or goes through divorce you know the old adage you can't take it with you and that inspires people to start giving assets away as gifts it can be a good strategy but the devil is in the details Cushing in Dolan has written a brand new guide that explains gifting strategies it's pretty by calling 8668485699. You can also download a copy on our website at legal exchange showed dot com just click on the guides an article stab you worked a lifetime accumulating wealth. Now you should spend a few hours making sure it stays in your family the right way. Call 866845699. Or downloaded right now have legal exchange showed dot com. Security suffered two securities America and members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated. They say video adds ten pounds. But don't tell Barry in charge in the financial exchanges alive every day on FaceBook and YouTube and this is the financial exchange radio network. Joining us now to talk about the 2018. Jeep wranglers and we haul from CNET roadshow ME thank you thank you for coming all of us. Hey Ali. They're. Absolutely now the 2018 wranglers this a completely new model or just an update from last year. Note this is a completely new bottle when you look at a panic about but just like the last but on every single panel has been cut. And it's really kind of has meant the err I mean that they were able you rework everything bullpen I'll put. They'll look at it and I love that is obvious even Wrangler. That you a lot of open in the body so well but there as he weighs about. Hundred pound less than any previous model which is pretty dead. This has to be one of the most recognizable cars on the road correct. I mean. And if there. What part a port right they'll alt at. 41 and really. Haven't needs. 80. Or utilities. Round. Portsmouth where it might aid that they add up that ninety. I've looked at a very rec I'd. So in terms of what's changing your let's let's start first just you know drive train what what are we what are we get this far as you know what powers this thing. OK so the power comment is going to read the Internet how forward different op bill don't we laugh out all our board. Entered. Leader at a party in America for ever and it's a great motor. But available. In and he is a leader heard about it the first time it's Herbert. This effort he earned that parked car and I out. And it mild hybrid that some hybrid. And it breaking. So it will. Dork that anarchy and an idiot you when you immediately in. Eight rock howling when you want like a little bit extra toward the bump up and over that op. The I'm going to be writing and that week I really how that I'll record that is Hulk when you're out opt broad yen and then in when he that when my. Questions is that this is still going to have significant off road capability correct. I'll. None of that has changed in fact they have added op or ability in these Herat which is kind of barely. Model for you want to eat but probably not really take it off road. And in that case. It's a elect tracked. Four wheel drive that would basically is that all I'm all right don't even have to think about it and pat you have all time. Brad or app as that you four wheel drive high up or look at all the time what the elect track is. And put it in that mode and then it will put it in we will try to put you needed and that automatically grow our cute the wheels it was basically like having all right eat. Think about. We now I'm getting rain aren't in the know what are higher but they are calling it that it. Paper that you don't how to Wheeling variant but they still want to let but the minute he recorded Archie. What do we get in terms of mileage on the vehicles. They haven't announced they EPA mileage yet but. Or. Old model and we're excited about. Leader at the end up for ever an op or an. And that owner Mort par or under or video out or. I. And went one. They're going to offer a we're. Honest they're going to offer in hybrid. Plug in hybrid. That's not only days ago there late models and you can't do that that's Dylan going electric. That's three years. Can I add. It up with that happened. And has an out what our. I am. I out. But the advocate at all for a while now. Mean. He art art opera are our order I got an act. And we just about a minute left here in terms of price on these vehicles. What's the range that people can be paying. Yet they haven't announced pricing yet. As a bright Alec you pop group crime. In peace spending upward of late. 50000 dollars now leaked where I know Alan and you wonder like nobody. Broke they can't get their fifth of. Kids ratchet this. Oh good well I mean I appreciate we appreciate the time we've got to get out unfortunately but thank you very much in double catch up with as soon. Already two that is Annie Hall from CNET roadshow talking at the 2018. Jeep Wrangler they are fun to drive. You know the aggressive I've spent much time behind the wheel like that it most of them yet to drive and on. You know tunnel roads if you're an off road dire fewer than on a ranch great vehicle. I've been out couple places where I've been able to law rent and just kind tool around on their own stuff and and I'll tell you like it's. You're driving one of those things off road like in the desert or something like that Anderson they knew the like you feel like you're in mad Max energy's Idaho it's like OK like we're gonna have a whole lot of fun with this and you know I've taken it up like some mountains and stuff and just kind of crawled some rocks it's this their their fun cars drive they're there. There almost wasted on on the open road. You know yes they are aid they TE shouldn't by Gil by the as a commuting to do and those who live on a far so those of you driving around Boston and shame. The ads it's it's a year you're gauging the hands good for down the tape to have to answer would be to order Deutsche could be start to them. And never thought of takedown of the seats to set you bonfire manned and ready to go help coolers tell you stock market is rallying guys Dow up 200 in 23 points the S&P is up twelve. NASDAQ down 29. Points. And Bank of America rallying over a dollar a share thanks for tuning in to the financial exchange radio network.