Dec 15, 2017|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. We have three huge stories that we're gonna talk about today the first one of course is Star Wars. Our producer Tucker Silva went to see the lost Jett died last night that's in the last recent. Notes written down here cease talk. With your name when it when everything is the lost Joseph and I opened last night while. We'll we'll talk about what does Tucker's review of it was. We had information on the tax bill is right now the stock market's telling me the tax bill will pass. And then we will give you a definitive answer. As to whether or not. You our rich like to go through here today it's very shocked and whatever his name is over the that would see Star Wars last night. The lost again I was. I'm trying to last Jenna I'm trying news straight here lost Jenna yes you train ride to Portland what are you reading your hand right it's your handwriting. And I've made a mistake yes you see the poster right next to where it's his last jet on. We could do it is fine print. So I'm trying to like. Thumbs up its hands down and Earl. Mix bad mix back mixed bag expect chuck and they add the tomato meter gave it 93% to DC with the audience gave at the idea of 66. And interesting 45 million dollars. This is what brought I'm predicting your last night 45 million dollars just last night forty and allow yet they're saying is you needed 250 million this week. In in between now and Sunday night you know it's it's interesting because Ryan Johnson is a very. Polished side by director and you did one of my favorite side by fu films and looper which came out about five years ago. He was out aid director on breaking bad as well and did two of the best episodes on Brees get a resonant and still breaking bad. I'll stop. It's doesn't educate the right thing I did watch it could documentary on Dolly Madison thank you as army Todd. You know and they all about Dolly Madison helped. No Tuesday at the moment. You know wife of James Madison. Is Quaker. And a woman put what else did she get in ne'er do well son latest news eight its interest in seek it you can learn something less than it would cost him. Tucker you know I just say though that one of the most comfortable seats like in where to go. Randolph showcase it is great sedate the ones that lately unless you know leather seat leaned back in his fifteen bucks like that's not that no firm but let us see how much did you pay for your time Max tried that. Can't remember Ivan I've walked it's probably somewhere in that ballpark figure national eagle at the 2628. Twenty. I have my my phone is pretty much turned off signal can talk to me this movie's gonna get spoiled for you I know it's not. Because it's not going to get rid texted watch it you know. Your mistakes I thought that I'm not opening up the text on for the next two weeks. I'm not opening attacks on the two weeks now. Mary threaten nice or do you worry I was gonna make you spill the beans he said if you do that he would walk off the set. See and I don't have anybody to fill an otherwise I do know there's no backup otherwise COM a couple of pictures I don't know what you wanna know for me coach. I did so. Here's I guess like to let me say something was better than some other no so I guess overall in terms of what's just talk about the Star Wars universe is it is at least faithful and his at least kind of met match up with what we know is it to her listeners like prequel crap. No no it's consistent Oca. That's that's all I wanna know I don't want to any pop I've done no reading on this is I. I hate going into movies knowing what to expect him you know I hate going in and someone's as well you gotta watch out producer while there's a darn I twisted the end it's like I can't stand I don't want to know anything so I like to go away and as a blank slate. Title Ross has done a lot which say and I just I I like to keep things a mystery I dividend nice beat. BM. Will this movie chuck Willie do more overseas than does domestically yes. Yeah it'll do probably my guess is domestically. Close to a billion dollars overseas close to billion Tom Joyner announced like going to be the force or weakens your pixel. And fortunately it's only did two billion. Down 201 needed to Phyllis for well maybe it's saying this was gonna do tuna. I mean to billions like the third biggest crucible as when I met you know and it does you know your your your thinking this was gonna do two and a half billion. Didn't. I look at inflation and population. That's like just from just for those like if you adjust for inflation might not do was much but. BO what you do a lot in India given my adjusted for inflation. The Star Wars that came out force awakens from two years ago and is the eleventh biggest movie in US history the biggest is gone with the wind still. In the second biggest is the original Star Wars which would have done if you adjusted gross of the original Star Wars it would and one point six billion dollars domestically. Was or 7819 cents thirty sevens and seven. The thing is they can't charge fifteen dollars a ticket in China they can't charge fifteen dollars to an Indian like those people know there's a billion Chinese people know what they and pay over there. Because they pay you know they can look and say the next. What's did you know that Chinese people pay less for Netflix do than getting 2000 bucks in Brazil they pay a lot less for Netflix or the average price of a movie ticket in China is between five dollars and thirty cents and six dollars and forty cents off the Wall Street Journal yet really there. Will need. Hold on that's probably similar if you think it is in Roman low slower because now India's more who were then China yet it's still sits in buffalo in India the average ticket price is around two dollars ala secret saved a lot of money he'd just gotten India yet of course you have if you go to Mumbai first of all you can get around the international date line she could've seen that day early so it wouldn't box and put. They do in those instances do they. Play it in the Indian languages like. Well there is no Indian language I get there's point which currently yeah a debt coyotes they dub it over again. Here. You know news to their tax bill we've got Larry Kudlow joining us there's been a lot of movement on the tax bill currently. Mark rubio yesterday said he would not vote for endlessly increased the child tax credit I saw the president interviewed this morning. He did impromptu conference her press conference on the White House lawn. And he thinks they've got the votes truck he saying despite you've got that Cochran in the hospital yet John McCain in the hospital. You get Susan Collins yes Susan Kolb is not happy. Rand Paul's out Bob Walker out Jeff flake might be they may only have 46 votes on this now but he the president said this morning. They've got the votes. And it vote on Thursday I think they need to be very careful on passing this thing. In the personal sites Sox. The personal sites all that I would say it's silly idea I raises taxes on thirty million people most of them in the middle class. That's what every projection is showing. It's good for corporation did it in as the stupid fight though no rules the note other taken that out of their finally taken doctor Kudlow yesterday and they're taking heat he'll confirm it today but I am pretty sure they're taken by but like you look at this and I just it's. If they raise the child tax credit that's been hurt that the help that 30% if if if they raise the child tax credit to make refundable that's something that could be a big help there. But it's it's similar in colleges on the personals like it's it's for more robust on the corporate side and the personal right I know that that. Frankly in Kabul with say this T it was more important to do the corporate side than it was the personal side he wanted them to do just the core there's just do the corporate sectors that otherwise you just kind of tinkering around on the personal side and in you're going to end up with people arsonists and and we do this. It's gonna see your folks at Christmas. No no no. Our eyes around laws not exactly on Christmas bird around that time out. As any I've unlock this in my mom and dad that this is a question. That you might conversation might wanna hang out with your parents. Because I was shocked when I saw the stories in the personal lines finance section unions on CNBC. More than six in ten adults in the survey scene he'd rather die. Than go to nursing home. Which also happens to be our poll question is it that this might be the best poll question we've ever run accurately that's especially the way we phrased it would you rather die are going to nursing an outfit. As apparently the that they are currently that would put a drama what is wrong that would unproductive senile senator they have very frank discussions on this matter. An iPad mini Klein of time otherwise tell me in front of there spouse. And if they were so sick that they need to go to New York nursing home. She they wanted to be taken out into the woods and dropped in it every Steelers still ample. The item. I I just I'm just telling you with a poll results are in six in ten adults we think our poll results will be. 95%. Died. I mean who 75 point five some like that. I'm gonna put two would I rather dire go to nursing home I don't know who would rather's like who the 40% who say they'd rather go into a nursing home. The I voted I just vote I'm actually surprised that it's not more people want to die let's I had been a handful nursing homes are all bad. There's been a depressing but they're not all like I mean they do a good job on I'm not certainly it's just like they're all lake depressing ways to live out like your last few years of life. Member we did the tour of the one in Dedham he yells at me yeah that the exit that. Why don't be bad and at a bar. No whatever it is that the bill that was more the assisted living side exits to the letter from our it's different from a nursing home you can obtain alcohol but you nursing home what you see people who. Don't know where they are certain do you have no. You know add in no was ability to advocate for themselves nobility to do anything. I would not want to yeah. My friend's wife was nursing home nurse and it's full disk. Depressing stories well I I get that and I'd ideally I'd vote in our poll if you would be so kind financial exchange showed dot com. Is the website you would go to. Would you rather die or go into a nursing home I voted you can vote its financial exchange show dot com. When we come back. We're gonna give you a definitive answer as to whether or not you are rich now a lot of people think. Being rich is solely dependent on income. That couldn't be further from the truth when we return we'll talk to you about how you define as to whether or not you are rich that's next from financial exchange radio network. Berrian just get the latest every day beginning at ten only here on the financial exchange radio network. We're we're all trying to think outside of the box when it comes to holiday gifts for our family and friends so this year I'd encourage you to call leader bank a bank you ask why when I called bank for a holiday gift well first you're Smart person and second because you've heard me talk about leader banks incredible assortment of precious metals hi this is very Armstrong you can visit all leader bank locations from Arlington to the seaport in Boston they've got one ounce and 110 of an ounce silver and gold bullion coins at all of their locations and other precious metals are available upon request these types of purchases can be a Smart meaningful investment in addition to being a great gift for someone you love co leader bank today at 8776917900. And learn more about its precious metal collection that's 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency can't guarantee by the bank and may go down in value leader bank. A step ahead. 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 to understand if you wanna maximize your savings I'm not gonna bore you with the numbers but this information can help you. Plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office at 803934001. And asked for my brand new guide it's called the key numbers for 2018 it's chock full of charts and statistics that 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 our strong advisory dot com. Security -- for your securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group in the securities America companies are on the 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. Hi everybody it's Barry Armstrong and Jake two million were talking about a program called zero. This is specifically. Designed. For those of you who weren't landlords and used a collector checks. With paper checks are gosh maybe still do will zero rent allows you to collect checks electronically. JO hoping he could spend. Little bit a time explaining how he grip 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 yet because right now. You know with the landlord when you're. Range. Low unpredictable. Missing envelope the great line in the post are you waiting you might not get all the rent until the tenth or fifteenth of the month. Furthermore if your landlord on vacation your raising your you know what he does it really teach they'll. It makes the rent electronic payments and allows her roommate sharing multiple roaming an apartment that's great if you're renting out to college student Hulu. It's predictable it comes at the same time every month. And it's all on me. So the landlords who have been using it in huge time savings and appointments are you still giving the first six months free from landlords the first six months or three and then in addition to that. You bank in one of the participating banks he Renny is all we re. Those participating banks are meter being installed. Via at that any bank could sign up right now to keep you at a bank in Vermont Connecticut. They could sign up and become part zebra yup you York you have a community bank that wants to be a member happened Collison and sign up and the Serbs let me refer. All right if you little. Learn more about easy rent. Go to Z rent dot net and give my call you wanted to 8776917900. If you're bank doesn't operate they can sign up for zero it. Go to zero rent dot net or call them told free. 8776917900. Security suffered a securities America member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Get the most comprehensive weekly economic update from CNBC senior contributor for Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. We know that many of you have jobs that keep you busy all day long so we've made it easier for you to catch up with the financial exchange when it's most convenient port. Just download the IR radio app on easier. Phone or tablet. Search for the financial exchange. You have access to all of our content including individual segments and full shelves 978 says I'm an electrician that works in a nursing home and I'm not going into one. Final wait I would drive into a tree if I had to that some William Young lady arriving at that point Angela nice fiction. So far in the resort like that there's always watching with a large brick in a row. Senator Lott that'll do a choice if if if you had to pick like if you're at the point where you go and in late what would bet my wife was offered bluntly she's got that pretty she carries what's all the block trio she's she's at the cinder block in the rope in the backseat. At all times if you ask me periodically are you ready. Let little icy or you know the ice fishing isn't a bad one because you freezing probably a pretty good way to go anything catcher family dinner to the same time you know with Billy as a finished. Ayman but the ice fishing is not bad. You know if you want one last real before you go maybe due late skydiving. Knowing how to pair it down you don't think so on terrified of heights. Enough for talked nursing home from area. Well our poll question is would you rather dire go to the nursing home so far a 100% say they'd rather die which I think is address. I'm surprised that I'm not. Who took a 40% of people would rather go into winners to qualify. As upper class in the United States and you're probably asking yourself the game maybe go to work courier network right now and you say I am curious as to whether or cluster. To qualify as upper costs you need to earn annual household income. Of a 144000. Dollars. And it's a more expensive cities like Boston or new York and yet but if you're in Worcester if you're in Hartford. 144000. Dollars is pretty good in appear to Manchester, New Hampshire new Concord, New Hampshire look and producer you know 144000. If you wanna be in the top 1%. Of all Americans. You need to or union at least 300 and EB 9000 dollars a year so that gives you make that tells you with a one percentages and to be. Considered operating comforting come. But really the what you should judge yourself and I thought this was a very healthy way to yeah I'll answer. Is how long could you lapsed. If you lost your job and that I the reason I like that track is I'd meet a lot of people that make 23400000. Dollars a year I've got Klein who's a doctor. Making over 700000 dollars a year and he spends every every dime if every every penny. And I'll meet with a man Aussie well you know our our unit. The interest every year when I knew them as it will next year and give the couple 100000 dollars to put into my purple eagle it. It's eighties raising three kids on and never. And likewise I'll see people who. Are making 40000 year but still saved ten just because they're able to do so it's you know the it really depends on your situation but the way that in this is according to. A method developed by Dodd Derek Saul who is a personal finance blog. He says look. It's based if your income was cut off today for how long would you be able the last. And so if you can last less than one month you broke from him. One to three months. Teetering kind of on that edge okay little dangerous three to six months satisfactory so let's talk about satisfactory. Three to six months means that. You'll lose your job let's say you're an auto mechanic and and he would dare saying is that within three to six months to paragon of the job is not yet. Yeah you you'd probably find siting in that time you know make the same money but you'd get back to work exactly are. Six must two years PO funds to be able to last that long you are well off Madden two to five years you are wealthy and five or more years ultra wealthy. And I I think that's a pretty good. Benchmark actually. It is and it's it's a good objective. To half right to left to be able you know last that long because you know one thing all worn those young workers out there. Is corporate America. You may eat you know it's Christmas time in and in your your your your. It's haven't eggnog with the boxer you know in anything while I really like work and for IBM I really like working for rate. Yet I'm sure you do may have Raytheon degree company to work for but I can assure you. The CFO of Raytheon could give to grips about you on a personal. And these corporations these big corporations in particular track that are responding to quarterly earnings and they have to hit their projections of the stock price declines. They will fire your rear end as fast as it is as Patrice Bergeron can put the puck in the net. And he's pretty fast and eighties the vacate the there's not a lot of loyalty in the old days. You know. Corporations would hang in there with the employees and they said OK with a business cycles gonna turn in the year two and we're gonna keep these employees as the world trade that now that's anyway. To being on quick he. A better example of it then in 2008. Go back to 2008 and think about how many people you knew. That worked in financial services. You know they maybe didn't in the mortgage business in the banking sector rose 800000 jobs month. Yeah it was unbelievable no it was it and many of them were serviced yet. So you know at any rate that's by a lecturer of the day save up and make sure that you could last at least six months on without with that paycheck. I love this idea where it talked about this there's a Smart phone app. That will help you if you lose your car keys now I I hate car keys eight and and I wish I wish we can get rid of two things our wallets that we carry. In car keys emirate Erica. And really within five years you'd be able to get rid of both. I I think both will be gone by yet 20/20 22023. Somewhere in that ballpark a number of bomb major auto parts suppliers are developing keyless entry systems. There early to Smartphones and so it's just habit to text your specific Smartphone make. Every year able to or I'll watch by the way dip or watch you know it was Smart device and is probably the the more appropriate. But the nice the other nice thing is struck is let's say you're you you're parked outside my son parked his car outside to be nice if he could just go to this full. And turn the car on five minutes before he needs yes I'm pointing out the window for the auto stars of the Iowa and I got to start is that now on some cars. Okay my AI Internet we we had a a friend over the other day who was decided that you know she was getting ready to ago. And so she opened up her phone turned the car on the kid you know like like some kind of app or something would be nice though to get ready your car keys alt keys right house keys car keys the one question I have is so car keys typically when you when you get when they give you back up and you don't have backup phone if you lose circuit. Broken we'll talk about that when we return to the financial exchange on a day where the Dow is up. 147. Points nice little rally going. I suspect it's based on taxable. 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 all landlords chasing down only rent payments and making trips to the bank to deposit checks ticked hassle out of Iran today we're zero and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. To financial advisors are over the age of 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you work hard but now it's time to find a successor the -- drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both our ace and transactional oriented firms with a solid stable of young advisors who will 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. 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This program will automatically deposit your rent checks into your account and we'll help you avoid the hassle of waiting to get a check many landlords are suggesting that -- and sign -- -- -- -- upon the execution of their release and why wouldn't you wanna do that once it's set -- you never have to make another change during the -- period -- and -- a free service if you have an account -- -- bank and if not they'll simply cost -- a small monthly -- -- -- bank right now -- 8776917900. That's 8776917900. Or go to -- -- dot com for more information. Member FDIC it's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase 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 pastor closing calling 8776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's 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 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 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 org 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 and legal exchange showed dot com. If you're real estate or property management company Unita banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitized paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a -- of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as they're banking partner call 8776917. To 900 or email BBO at leader bank dot com for more information member FDIC equal housing lender. Time now for the street watch a look at the market's performance so far today to marry him jog right here on the financial exchange radio network. Mike Armstrong is witness now for Wall Street wants to get you caught up on the biggest movers in today's markets. Mike let's start first with Moscow beating estimates and comp sales up significantly. Yes big time they be earned a dollar 36 cents a share which wasn't that big BP B estimate by two cents. Abbott comes stale jumped ten and a half percent and that. This is initially when they're e-commerce sales which they started pointing out those groups 43 and a half. Half percent that we keep my the cost of e-commerce a pretty small to begin web but I'm 43 per half percent jump is that significant either way the stock's up about seven dollars forty cents or close to 4% on this. Teva pharmaceuticals up 10% yesterday how come. Well they announced they're being type their work force closing plants and even spending their dividend this is the company has been more than cut in half. Half of the last twelve months so they are ready facing a huge need to completely restructure their company and they are clearly doing so on that news Goldman announced that there are upgrading the companies so they are up 10% yesterday. And they're up to date last haven't checked another 6%. And up right now. They had a six and a half percent and understood that. Very good Mike thank you very much for the time you that is Mike Armstrong with Wall Street while we're talking about. The need it no longer having the need for car keys and keys have all sorts you know not having home keys for your house. But he to get in in my office I need to keys right need wonder for the front door in the need another one for office. It's like Terry but techies. And with technology today. Theoretically we should be of the get rid of all key I'm not with you on that note. No I added I still don't trust the system's. Not not for homes and stuff like that now. I would marry a guy apple had a problem with their days ago I had not been as update your phone I have nothing to steal us the only TV goes knock yourself that's a tech industry. I mean really OK thank. That it used to you it and charge at bat by my dog I mean I think that's the dogs a softy. If you thought she knows all Barkin and all back off if he is to take a chunk she's taken a child can you people anyway. You might might point twos. The that technology exists today the here's the difference I don't think it's going to be in your full I think this is wearable technology because. You know too many times do walking out without your phone you folks to you know but I dropped mine distinctive. I IP. The not to put. It was a metaphor. At any. Might I think this is the future will be. As you walked towards your office do war Hubble wearable on you bill that its truck walking towards the war. And immediately lock them out because in. The elect them in because they say okay this is it one of our employees they should be allowed India as we'll have that now it dongle or whatever it into it a lot of big offices rate you're allowed its current employees are allowed in certain areas of the building and not other key card something. So I think it's gone and I think you'd be great because then you're educated net right now wouldn't we all care right now. We carry a wallet and comfortable the only carrier car keys that are comfortable so I was careful. Actually got real like all my keys if you look at what I have I got rid of my key changes it was getting too big is it'd have so many keys alleged care that little key fob now and nothing else don't we're hosting its I'm not Anatolia. No like how do you carry it out I'm not telling you will. Why I'm not I don't know where to find Nike's earnings. He's because you might steal news is top doctors. Nuts. And the media access to Agassi dark and I. I think this is. Right down because I'll be retired by the time you guys see this in the know need to give attribution. They don't forget if you're looking for Christmas present it's not too late to go by leader bank and buy precious metals. They had both gold. And silver coins available for sale in all leader bank branches now. If you're looking for specialty purchase a wanna buy gold bars you can do that. But I would suggest you call them first if you're gonna buy a large quantity of cool points I would suggest you call. 8776917900. Nobody will be disappointed if you give them a gold coin for Christmas I will promise you that. Even if they're rich you will be their favorite nephew if you give your rich uncle a gold coin for Christmas 8776917. B 900 as the number you should dial or go to leader bank dot com. To learn more about their precious metal program. After losing. A family's 846000. Dollar inheritance. UPS offer to refund the 32 dollar shipping fee and nothing else. Yeah this this store is a little bit disturbing here so what what happened. Is that there was a Canadian family that was expecting an inheritance. And it was a folk by a big guy by the name of bomb. Was Herbert and I think. Who well I guess his sister was sending his share of the inheritance. In the form of a bank draft that was being sent by UPS. And UPS is a knowledge that it pretty much got to one of their facilities and then disappeared they lost all record. And it was a bank check it wasn't like a personal check it wasn't. A money order it was a bank check and that's negotiable is cash. What I find interesting on this is why can't the bank refund like why can't they just reassure doesn't make sense to man. Think there's something missing here the bank won't reissue the check well I think they probably will eventually but their fear on the bank write that money. That that is negotiable so would you reissue the check in the in the cash the original. Well it which opened her record when Katie cancel the original bill that's the problem he's he's you can cancel little known bank check like that they're referring to use. Is as good as cash and that that's where these TD bank. Is saying you know we we earned a tough spot here you lost the damn thing you know socialism. Right now. A bank check like that you were supposed to all we always maintaining your physical possession because you're supposed to take it they fight if I'm. Doing a legal transaction the bank term and literally will take it to my lawyer's office what and to listen that and UPS's defense in a person in UPS's offense. Like how would they knows a bank check. Well known like if you can take out additional insurance on the right you know it's it's the kind of thing where you probably would want to ensure that then it probably wouldn't cost too much to do so is big really don't lose many packages. At any tough situation it's a tough situation. And it's a bad look for UPS no doubt. Hey coming up we will be joined by mr. Larry Kudlow from CNBC. He worked on the trump campaign he has worked vigorously. On the tax reform bill and I cut. Listen to what he had to say about tax reform yesterday I had some very good news to share with you. Larry Kudlow laugh and share with you. But I some very good news especially for those of you who are individual stock investors you wanna pay attention to this next segment. As it pertains to tax reform Larry Kudlow CNBC next from the financial exchange dragon. 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. April may be months away but it's never too early to start thinking about your income taxes hi this is very Armstrong and every year the government sets limits on everything from exemption amounts to a standard deductions numbers that you need to know so that your tax filing process can be easy and uncomplicated as possible this month my firm the Armstrong advisory group has a brand new guide out they'll share this critical information with you as well as the numbers related to retirement and estate planning don't let the tax bug bite you where it hurts the most your wallet called right now 803934001. And get this free guide called key numbers for 2018 that's 803934001. Or you can download the guide right now from our website Armstrong advisory dot com that's our strong advisory dot com. Securities offered to securities America incorporated member and SIPC advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the voice 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 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 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 to Obama called this he ran team at 7816418691. 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 78164186917816418691. Or zero rent dot net. Everybody it's Barry Armstrong and I'm joined by estate planning attorney Todd what's key from law firm of Cushing in Dolan. And 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 giveaway for and I RS 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 or 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 pay any 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 later as the recipient that's a question out and yesterday you know mom gives their son. 101000 dollars and then that sun will 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 difference is for Medicaid purposes. It will be gate is qualifying 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 all and at 8668485699. Or download the guide right now at legal exchange showed dot com nets. Legal exchange showed dot com or if you wanna call you can do so by dialing 866848. 5699. The financial exchange with Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten. This is the financial exchange radio network. I'm starting to think that Larry Kudlow is gonna take up residency in Washington DC he's been spending so much time down there are good enough to join us now on the financial exchange. Larry thanks for your time. Hey Barry Harry you. Good good so Larry spiteful. In or out of the tax bill I saw you on CNBC yesterday Sally gets out. Out out out Steve Moore arrived at work in this thing and it's out it's done. Good job man that lose we're just talking about that yesterday on the show. And that was one of our major criticisms of the tax bill. It was that for personal investors. Those are those who's just not fair they are letting it that the funds kept to be the ability to do by phone but not an individual investors. Director could. To make it even worse. One better. Arranged a car about for the usual funded industry. That now helped bring the personal investor. At a. I IE I congratulate you on that because that was dated debt. But you know we know about it that we you know Steve that I sort of ventilated we wrote a piece about it. I've been talk about it on aaron's. Once people got wind of it they killed but that part of the capital but that's gone now except to get built and. What about rubio in this child tax credit easy and again is his wish. Well I don't know I actually don't know I mean I'm very cross with and Taiwan more or or Yuri got more now wants still more than you know threatening to hold up the entire bill. Which is wrong ms. You know one thing there. He wants to kill more body into the low end. First draw I don't lights out facts that I never liked him I don't like tax credits. Period of social engineering and just lower the marginal rates for everybody else. So that's one part of the second pointed. These tax credits he wants. Expire at 500000. Dollars. Now I know if you want to put some more in the Roland. Then that. Expire those credits it like a 150 out for a hundred you probably do you I mean you'll save a lot of money. Really well and and we can all of happily ever after seems to want every yeah I don't want every good thing as. You know the heart to pieces put together here are. You know pretty sensitive they've they've got it they're they're they're very close to getting all done and I don't want Marco Rubio the deep rail and so that's what I would do it. Just dropped out 500000. Ceiling where aid out. Wave that. We heard from Susan Collins people that she was upset about the rate go from 396 down to 37 and a few the other things that she wanted to in the package are there is she on board. Well. I launch that was it better tolerance. There then Wednesday. And I don't wanna devoted but we talked about a lot of issues. I think she's living in favor. This is a very imperfect bill. And I don't eat a lot of predict what they also do have a great respect her. Can I walked global budget issues Iraq by it was great she is terrific race actually two regular grade. So I I'd I'd hate like Victor predict anything. But I don't I I just habit that just need bat which she will come on board. And they will get McCain from the hospital on May. I was gonna ask you have you talked to the Stanley egg day I heard he and I are really doing poorly. They say they can I think. They can work that they would Cochran too but Bhutto's Barry you know the trick stuff real tricky. I don't. The yet Rand Paul in corporate holding out on the deficits side to any way you can have a conversation with then. I hate. Any shot there because see that you guys are. Down to the wire on this Larry this is really close if you could get Paul in cork or. To relented their big issues the deficit right if there's they allow it aligning it adds the deficit. Well you know that's you deny you know that's baloney deficit is simply. You know money supply. Bret that's it. Well look I had not been divorcee conversely I have not spoken to spatter all. Is brand new I. You know last I heard he was very happy that the the individual mandate from obamacare was going to be taken that is very happy with that. So right now regarding senator Croker who is an old friend also I don't wanna devote a conversation all right sales. He's thinking very hard about just thinking very hard about it. No that's that's positive they would be taken on vote Thursday. That's an excellent question well I think you know. I'd like big we've got to have a conference printed so we can see what's in there. And I think there a lot of vote that because I I think they wanted to get it on the president's desk. Sometime around bill that week and am actually I think it's gonna get down but that's just made. As you know you're out in the right questions about these so it's possible. Predict. You know I just add that I think we are already on the cut a of the first investment boom we've had twenty years I don't know if you look at the industrial production numbers today at the business equipment. Which is businesses. There's equipment and investment backed insurgent. I know when they're not borrowing money they're spending cash write like bank loans are down right but the Dave must be so much cash flying around. And they're confident the lord is there if he talked to business owners they feel like okay. I'm not getting punished because I make a lot of money in the next few years. Psychologically I I think that it. Think when they see the actual legislation. Which Asia is going to be quite helpful. On the business side. I mean I think you're looking at an investment boom for a number of years and I think the economy will grow faster. And I think that's got to cut down date deficit back to really do I think the business side broke actually paid for itself with a couple of years. Individuals decide they take a bit longer but. Yeah I'm very optimistic about it investment but I also believe that everyone will benefit. Larry 4% is better than 2%. In. Still want to get that in before you did you know that I I steal a lot of your material and. Really think that I'm here for a that's right and everyone's got a benefit apps that people don't like. State local production I understand that. Well Larry Kudlow doesn't like you living genetic variety that you know we're getting hurt by that. I didn't hurt by that but overall. You know macro impact here is really really great. And so. 4% is better than 2% and everyone is going to benefit from that we put have to keep your eye and the big economic picture here. So that's what a bottom line on topic to. Larry thanks for your time and Merry Christmas. And Larry Kudlow CNBC and I I saw him interviewed yesterday he's getting into the shouting match on CNBC beacons. People were critical of the tax reform package I think that's all we all have to remember here. Is weak truck we you and I have bolt. Boy stark criticism. Towards the tax reform package in the aid to fight both things come and out so that was one of our big criticisms that that that's not going to be in the air. But the the fact of the matter is that you guys during your careers. You've never lived through 4% GDP growth economy is is that he is like I hang out. And what happens is. You know everybody's working dish competition for employees you guys have lived through that type of work environment where. You know they beat because you're a good worker. Great and yet skills other employees are bidding for your services that's what happens when you have 4% GDP. It just. It raises. The level of all boats in the harbor that's that old saying comes from now when you have 4% growth we've lived through your your entire adult life. Guys you've lived through growth of minus 4% write it when we went through the recession of 2000 you graduated you you too young men. Graduated from college. In in the worst economy we've had since the direction now mister so I think. Eat your you'd you'd get to work by by this a little bit but if you go back to the Reagan years where you had consistent. 45%. GDP growth it's a great time it's really good for the country when that kind of thing tabby oh what happens is crime goes down. Drug addiction goes down a lot of your social problems go away because people don't have time to eight. Courts there are problems when when the economy strong and if you doubt me look at Ireland in a back in the ninety's when the Irish economy was terrible. The IRA was you know. Go on while you go back now was last time you heard about the irony in and bombings and thrown bombs on Heathrow airport to think that that has been happening. Yeah I mean is Lou luckily there there's no doubt that when you have economic prosperity it can be. A force. Neo that for good. The question is is it going to be in distributed the right way and I think that's where you have a lot of questions here while clearly. And because the polling on this is not favorable but I think a lot of people feel like they are not going to benefit from. The they may feel that way now but they felt the same way when Reagan cut taxes I remembered vividly chuck is back in the eighties when ranged attack taxes. The same message was coming out this is just a tax cut for the rich and you know what everybody made a lot of money back Emmys take. The Dow is up a 110. Points yes MPs up seventeen points. We are the financial exchange featuring talk or so trucks audit and be. Gerry Armstrong. 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 of 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you worked hard but now it's time to find a successor the -- drug advisory group is a regional firm and we are looking to grow our business through acquisition we will consider both our -- and transactional oriented firms with a solid stable of young advisors who put your client's needs first and provide them with -- service and attention to which -- become accustomed if you're interested in talking with us please call me at 803934001. That's 803934001. Or visit us online at Armstrong. Advisory group dot com securities offered to securities America incorporated members in SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams traditional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Deborah DNC equal housing lender and -- number 449250. Subject to credit approval leader bank a step ahead 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 as 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 can create 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 well now you should spend a few hours making sure it stays in your family though right way. Call 86684856. Tax numbers that are going to change in the year 2018 regardless of what congress does with tax reform. And Chaka wanted to talk first of 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 receive or your 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 so it's an increase 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 the married filing jointly it's going from 121713. Thousand if you're single it's going from 6350. To 6500. Seat yet. 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 go to T a copy of our guide for the month of December called the Armstrong advisory group at 803934001. That's toll free 800. 3934001. Or if you want it right now good Armstrong advisory group dot com you can download the guide on our website. Armstrong advisory group dot com or call toll free 803934001. Security suffers through securities America incorporated member finreg SIPC and advisory services are offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American 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 it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader banked dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader bank. A step ahead 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 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 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. Do they are better than one that everyone knows that that's where offering to balance the one taking. You can he added tax and wildcat mountains in the same day Imus. There's just twenty minutes apart in the number ones out in the heat. Q now in the once again W downhill this winner at added tax and wild cat nap. Ticket dot com for more information hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new east savings account that has a one point 15%. Annual percentage yield and no minimum balance and remember this product is only available on line so logon to leader bank dot com right now -- leader bank dot com leader bank a step ahead. And yeah. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today to promote economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck son. Vis fox acquisition. By Disney. Is moving closer and closer to fruition we'll give the latest update on that. We also have information on the number one regret. That older people have and then finally. I'm gonna talk to you about. A new form of the hi. Tucker you and I talked about the software and I've been trying it and die with some modest. Success and no fear. Are serious about it share some of the results with you on that that we start off with a story about. The new retirement working nearly three out of four Americans plan to work beyond traditional retirement age based. At least on a part time basis this according to a recent gal. Yeah I think this the biggest reason for this is probably simply because most people need some additional income in retirement they simply don't have enough saved Social Security isn't going to cover enough of you know that their income that they need and so I think the majority of those people who were going to continue to work credential because they have to. There's a small minority that I think is going to continue to work because they want to. The biggest because the he you're seeing people retire without pensions today yeah that is at a percent that's the debate factored in focus. There's a generation out there that's still alive and their people that are in their. Late seventies and TDs in ninety's. Their receiving a Social Security check every month but are also getting a pension check from the former employer. Yep and and I think the big thing is you have a generation if you look at people who retired in the eighty's and ninety's most of those people then pension check coming in. And they also have health care companies talk about my dad you know they've got a pension check in health care Toppert you look at people retiring today. Most of donut pensions motion don't have health care carpenter and so so they have to go out spend as a couple years spent in. He has no better than me but price 500 dollars a month 400 dollars a month on health insurance of your retired it's more now. Yeah does your Medicare part B I sit in outside Medicare RP prior to their gag your Medigap. Policies I think right about four and an apple part yeah. So you know you you've got these needs that you need to cover and so I think most people it's because they simply have to be able to cover those and so security doesn't do it and most people haven't saved and yet to be careful on how much unique in retirement is if you make most people are running up against those rational idea there. They're working. I guess you're seeing a lot news. In retail stores here he walked into a Home Depot Lowe's. Or Wal-Mart or CBS. I notice especially. You know in the evenings I'll see a lot of senior citizens were. Worse yet you see a lot of that men. And so I I think that you know all told this is going to be a trend that continues this isn't something that's going away anytime soon is gonna recently continues. For the foreseeable future more and more people working into retirement. Disney as a result of their acquisition of fox and both Stoxx Europe today. Disney as a result of their acquisition will gain 60%. Control over Hulu. Bill also share ownership with Comcast and Time Warner. Yeah this is I'm still not sure exactly what they are going to do. With this platform you know Bob Iger came out yesterday said hey maybe we can use food of truce deal more adult oriented content. Kind of sensory disease that you think about your content like. Sons of Anarchy which is an FX product. Yeah you would if he wouldn't want that and do anything about it expects its adulterer you anything and FX HBO. Netflix and any of that stuff so one day maybe use Hulu. As here. You know one competitive product to Netflix. And they and you also have a Disney Channel which is wary go to start worse stuff than in all the and we in kids. And he that that kind of says it could potentially make sense there's the question is what do they do with the price points. You know because if they if they want a price this where both bombers you know 1015 bucks a month. You wanna pay if thirty bucks month and then Netflix on top of what do you think people would cancel Netflix do you think people would pick between the two like I would canceling the only reason Nike and Netflix. Is because my kids it's of that but so that's do you watch Netflix all the time you do. No I do consistently I can't tell you last time but that you're not a normal person yeah. Keep saying. Hint are there are there are hurting you hurting my feelings. There are 64 million people in the ladies who subscribe to Netflix sixty Foreman yeah him and box element of cash flow and a I'd say gee do you think who can compete with that where I was going news. I I think Netflix needs some competition who spent a lot of money can't elect and I certainly think they can't I think there's room for multiple packages it's just I think Disney also must be realistic about how many people don't subscribe at home he's going to Penn you know Bible and you just by net and I think it'll will count on network programs and network programming socks off. Only about sports on your guys. Disney has span I'd welcome that they say yeah to do us a pretty experienced a it's going to be separated out they have us Hulu wants to as a forty dollar month product. Where you can get ESP and a lot of the channel yeah I just I looked at what's on who now. In its garbage like I don't want to pay for now I don't wanna watch slate would. I think any network that they're all terrible I gotta make their old stuff that's not on network to edit it gets him to evaluate Koppel not many yet they've done two shows I think the problem is. They're still taking a network approach to which is our season is from September until then June and then no one watched TV that's not how it works today. And then there's still accumulate and networking it's just eats. They need to get past that their their programming has to get better for me to consider that's the biggest hurdle not the platform it's the program. So Tucker you lost weight when you got married this past summer. And you pact did you I did not pass you do your fat now. I've known in the pits I was down advertise down du 172 on the back up to eighty. That's irony that it's July it was like push from 190 before that just tell your wife it's more you don't love that he's I'm I'm I'm trying this new thing. And it's fast because I'm kind of like. I am I'm obsessive compulsive. Democratic right in that so for me if you said to me you can have. Two cookies he can't have three ID DD four and a so for me I'm I'm trying this thing fasting I read this book on fast. And what you do these couple different ways to donate. Although a bit half the amount as they wrote this somebody wrote about the say typically because they talk about the isn't how are you facts are pretty talked about it out of The Herald which. They talked about the ancillary benefits. A fast it's good her. Fighting helping you reduce your likelihood of cancer them it's good for weight so I mean most people fast like me on fasting. For weight loss purpose is different from anorexia. So what you do. You get one here the two items under really doesn't mean you turn his Micah Sony's. Regrets that in the week it's all up and so on Wednesday this week was the first time I try. And reason I chose Wednesday news today. I was very busy busy until about 7 o'clock at night and I didn't eat anything I had it was coffee all day. Black coffee black coffee no cream. And then I went home and house starting. But it did not eat anything and I went to bed like eat there. And things that you drop like two pounds or I dropped two pounds. Reduced pink in battle and now and they really not good and then yesterday I woke up in you know like I cutie whatever I wanted yesterday. I'm doing it for weight loss purposes by my objectives so that's a full day fast 36 hours as they do need anything from 7 PM until seven. I was 36 hours. But some people acute talk peace that means when you don't need all I guess anger yet so what you like. You don't wanna seeming angry so what you can do. It is with some people and it really is yeah no what some people do is kind of half. Where they'll eat maybe five to 750 calories and one true only dream as it is a week. Act package and then and and then pay the weight loss attributed but here's the there's a we all have a a a blood marker called I am G1. Medical professional people talking about. But the higher that. Reading insulin like growth factor one. The higher that reading news the greater propensity you have to cancer. And that is and by fasting. You even I didn't lose any weight by fasting you reduce that I've G dash won by 50%. So that's when you know. Differ from my perspective that's one of the contributing factors as to why am trying this past ninety tortured doctor in addition to this book yes aka. And it talked about two nieces the the air purple a lot of people in the medical profession. Or proponents of it because it's kind of like this clintons Europe but your body when you drive past do you think resets everything but here's the key thing. That you need to be very concerned that he would try this is dehydration. Daria because copy ouster dehydrated. And so eight and one of the challenges it is because you don't have any food news. In your drink and why would be. So the egg and you know how you tell your dehydrated. You dizzy and stuff when the color of your yearn deal so if here. If your urine turns to yell at me you know Audrey in got you so. Drink a lot of water if you're gonna try this past all in Ohio works for materials right next week I started off I was in the 190s. Go to my weight so you know I was like 19195. When 96. And yesterday. When I got back from the jam I was 171. Iowa so that's a good work and a big chunk of that and that's the that's I've got a habit of trying these things and in me and I guess Sunday. Well liked by kids tease me because I've done this before it went on the V and we all we all that if it's worth trying. The name of the book and do you have to like use your way back into it the next day went start eating normal and anger in just whatever you Warner you can meet you use the whole idea behind fasting is it allows you eat normally yeah on the d.s where you meet. But still lose weight by fasting on tried the one day a week thing as a kind of a smaller now than. But. You know you can my wife can't do all whole day she gets angry. So she's gonna do the AG's lawsuit totally waste lost fifteen mile so. We're trying they are trying and I do about saying this is part of a promoter to sub we're trying to lifestyle that we're we're concerned about our help her. When we come back where talk about the number one financial regret that Americans had you may have this regret not. That's next from the financial exchange rated network. Barry Armstrong. Chunks and breaking business news every day right here on the financial exchange radio network. April may be months away but it's never too early to start thinking about your income taxes hi this is very Armstrong and every year the government sets limits on everything from exemption amounts to a standard deductions numbers that you need to know so that your tax filing process can be easy and uncomplicated as possible this month my firm the Armstrong advisory group has a brand new guide out they'll share this critical information with you as well as the numbers related to retirement and estate planning don't let the tax bug bite you where it hurts the most your wallet called right now 803934001. And get this free guide called key numbers for 2018 at 803934001. Or you can download the guide right now from our website Armstrong advisory dot com that's -- strong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC an 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 or forty years building your financial planning business he worked hard when your clients rely on your. But what about when you retire you have a team of dedicated professionals who will care for your clients in the same fashion as you do every dot about a succession plan for your clients our firm the Armstrong advisory group is a regional firm based in Massachusetts and we're looking to build our business through acquisition we are affiliated with an award winning broker dealer RI AA and we have superior service capabilities we work with clients in all six New England states and offices throughout the region making it easy and convenient to set up meetings if your interested please contact us through our website Armstrong advisory group dot com or call 803934001. Our advisors have over 100 years of combined experience in the financial services industry call us today at 803934001. Or visit us online at Armstrong advisory group dot com security suffered securities America incorporated member and SIPC advisory service -- -- securities America advisors incorporated burials are represented Armstrong advisory group in the securities America companies are. On affiliated hi this is Barry Armstrong and I've told you for years about my relationship with leader bank I'd been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates change get. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank a step ahead. Member FDIC a minimum Alex fees may reduce earnings rates subject to change without notice and may change after an account is opened 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 and create a huge capital gains tax problem that the kids choose to sell the home. The problems can become disaster of one of the adult children has creditor issues org goes through divorce you know the old adage you can 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 and articles that 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 and legal exchange showed dot com. Vote on our daily poll question as financial extreme show dot com while you're there buyer of the media player and watch the show while you work. This is the financial exchange radio network. This segment of the financial exchanges brought to buy your bank if you're looking to diversify your portfolio. Precious metals are Smart investment gold and silver bullion coins are now available at all leader bank locations. Call 8776917. B 900 or log on to meter bank dot com for more information Peter bank member FDIC. So we're talking a vote. Mine nude diet in the name of the book a number of people texted in Tucker's looking for the name of the book in you shift your weight to it this race. No thanks if things and I didn't mean it that way and and likely that you guys tell me about normal sowell. After a year that has a it's called it man has got aggressive and her that it's called the fast die it. In the name of the author is doctor Michael. Mosley and OS LU ha ha to embarks on Amazon seem to notice that not look like I guess not bad to save your life. I've just I'm I'm trying to you know it is. You get it it's hard to lose an adult ought to eat it has. So it really does the jury just as hard right you you can work out really hard you could still do vigorous work. Yet to be my age. The bill were unified work out too Mario throw my back. So yeah. And I do think is is 603 says. You have very that you're losing muscle mass. I'm not because I'm working out actually this my form of exercise and when it down to is I'm swimming better now. With the weight so I haven't lost any strength my time is better now and you don't know that you have an Austrian. You feel stronger. But that's just because your existing muscle is moving lines. They get it is like you do see if fuel art in. Any kind of like power lifting competition or anything like that there is most degradation if you don't eat. As you need something or to fuel your muscles. But do it again like it it depends what you're trying to do there's no one size fits all for weight loss or for what. You know how to manage your body it's different for all. That mr. Simon Tryon and you might want to try and not you. About it but media Tucker you should. Back Tucker you know let the coach. We got an email. All right we did and a new accepted to told you so we're segment up IA said we got an email from a friend I know we get distracted so I thought the weird knew it would. I was told of the text messages or he got a text messages who announcement enough I'm good on those now but yet we do get email regarding a topic that we're talking about yesterday. And the topic we're talking about if you weren't tuned in then. Was that in some cases people who were on insurance plans for health insurance for you actually end up paying more prescriptions than people who aren't. And so we got an email I yesterday it was yes they evening from Marty. Marty said bear with your program this morning and got a phone call about drug prices when I need a prescription I have the doctor give me a hard copy and then I go home. Go onto the Internet and go onto a couple web sites in order to shop for the best price and and so their couple different apps and web sites that I guess you can use in order to. Navigate and see where you get the best price depending on your plan and so forth. I I've. Never done that but it's you know an interesting idea to be able to go and shop for when Eddie goes on to say that he he he does it like we have the CBS in our town. And he doesn't go there. He goes the next town over I think to Walgreens you're damn right yeah exactly so it's you know there's definitely different places that you can shop around and so forced. And so if you are someone who is kneel on one prescription or multiple ones. It's not a bad idea to shop Ramsey different pharmacies will give you better pricing and a Canadian. The number one financial regret. Of Americans. Now 71% of Americans expressed regrets about their ability to manage their money. The biggest one number one on the list is not planning early enough for their financial goals 40% of people had that is their number one regret. Spending too much on nonessential was second at 39%. Credit card debt in not having a budget rounded out the top four. And the notes it's something you those all are things that add up to weigh not healthy financial picture when it's all said and done. Well I see a lot of people when you must have friends chart where you see this where you know they've gone on. It beat you what happens to a lot of young people lose the graduate college. At 2223. And they'll go to work for company for three or four years. And then sometimes and go back to grad school would I've seen a number of people do this by the time the 26 point seven cash out their retirement plan yup. And they use that money to buy a car or to go to on vacation her maybe a music for grad school. And they graduate from college a group from grad school at 2930 years old open and they go get a job but they haven't started really have no money saved for retirement until they're in the thirties and if you're doc. Think it I I've a lot of family and three family members that are either. In medical school or finishing up. They're not gonna make any real money till they're 35. And they won't have a dime saved for retirement it has started until they're 35 years old. Knowing and you you talk about you know what that does to you as far as you know how much you need to save in order to Kennedy hit you're hit your bogeys for. Retirement when it's all said and done so let's say that you start at age twenty. Anyone have a million dollars by the time your age 65 yesterday about two dollars today if you wait until age thirty you get 6635. Some more than triple the amount. If you wait until 351135. Some more than five times the amount. And that's the big thing is if you start early you can make it painless. But the problem is when you're 2530 years old you can't envision retirement and later for a guy like you it's probably hear your thirty. And in the rule of thumb news. Most of us most normal human beings. Can't think more than 50% of head ahead of where we are now so it would be hard to you'd think much beyond what you're likely look like at age 45. Well you know what they've they've found is that one of the biggest things that allows people to conceptualize that his instead of thing in years which people like think about like ten years is really hard to conceptualize ten years here. If you think in terms of days and saudis are so appears they have got 3500 years 3500 days to save this money right all of us and it's whoa. And that's that's a shorter amount of time and I thought I'd never done that. Ignore these they have got you know a 150 days in order to save for my vacation button while I've got to start doing that you know 150 days from now. Those kinds of things are just little tricks that people knew use in order to get themselves back on some of their financial goals. The stock market is roaring ahead. The economy is strong unemployment is down but Connecticut's. He's broke we're gonna talk about the Kent state of Connecticut and how they're gonna handle their financial duress when we return. To the financial Adrian. The financial exchange is alive on FaceBook so make sure to like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally it just makes sense of leader banker calling learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank. A step ahead 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 but this is information that can help you plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office right now and 803934. Zeros -- one and ask for my brand new free guide called key numbers for 2018 it's chock full of charts and statistics that 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. Securities offered to securities America incorporated member finreg SIPC advisory services are with the securities America advisors incorporated Barry Armstrong representative 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 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 in all six New England states and opposites 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's effort to secure America incorporated member and as a BC and advisory service as a securities America advisors incorporated Barry arms are represented on an advisory group the securities America companies are unaffiliated. You are better than one that everyone knows that that's where offering to balance the one taking. You can add to cash and a wild cat mounts in the same day honesty. They're just twenty minutes apart in the number ones out in the heat. Q now in the once again WR downhill this winner at added tax and wild cat nap. Cricket dot com for more information everybody it's very Armstrong and I'm joined by estate planning attorney Todd what's key from the law firm 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 com 2018 the news is it's gone up to 151000. Seems to go up about every three or four years has got to make up by a thousand or 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 freebie. 151000. Dollars to. Anybody you want to give it to light it clear as the recipient that's a question out and yesterday you know mom gives their son. 101000 dollars and then that subtle call me settlement on gave me the a 101000 dollars to acted declared 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 gate is qualifying 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 yet you're assets you don't run afoul of the Internal Revenue Service or Medicaid. Call Cushing and all -- 668485699. Or download the guide right now at 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 pax TFE show you. The breaking business news is always first break here on the financial exchange radio network. The economy nationally is growing quite strongly however Connecticut. Continues to struggle probably the state chuck I doubt no probably about it it is the state in New England. With the weakest economies. It is I mean you could make the argument a few years ago that Rhode Island was kind of in that in that ballpark but. Rudolph was that a nice job digging out the last couple years you Vermont it was Denny really good job. Not only just encouraging business to come into the state but I think also. The things they've done with that forget the name the the person who took over the airport there yes I'm down a Providence but they've done a very good job beefing up Providence. To try to get that airport back on track but. Connecticut continuing to have issues here. And in particular. Revenue just not coming in as quickly as they expect and what 200 million short there bath together about 208 million dollars under projections. Over the first in ten months of the year at this point. And so they're pretty much having to dip into some of their reserves right now. In order to make ends meet as far as you know continuing to fund operations in the state. They they're two choices seem to be shot. Increased taxes that if you do that you chase even more people out of state and cutting expenses. I don't know where else he taught at this like Iran a pretty bare bones and I don't know the the Dick is the big thing it. The big thing they need to cover the pensions and stuff. And and and I don't know if they can do that takes a lot of political will power you know they they've already pushed through one round at this point I edges. It it's a state that is in a real tough. Situation at the moment we also have a lot of employers moving out of the state and very few employers are saint Pete let's move to Connecticut let's let's move our business to Connecticut to let's start a business in Connecticut because. If you do that. You're saying yourself okay yeah I can get good employees in Connecticut and property values are low in Connecticut to find a place to live. But what are they gonna do to me on the tax front. That would be my fear if I were to open a business in Connecticut. The other thing I think that has to be factored into this is I think this is going to get worse in the next two years with the opening of the Springfield and Boston casinos would point. As they get a lot of revenue coming through from bear share of Mohegan and fox which right now which one do you think hurts them more. I think they boasted his. First if you're so a lot of Boston people go to millions and I used to go down the foxwoods all the time I would go down less than a two hour is it two hour drive I'd do it two to three times a month usually on a Friday night or Saturday night or something like that. And I I would spend a good amount of money down and I'm not going to do that you just never. Go to ever okay the people who were out in you know Worcester Springfield there you know outside that for an all I think open mass. They're gonna say hey come on get a kick over to Springfield status of people in Vermont people New Hampshire they're gonna say. I'm gonna go down to Springfield study is that going to be as nice is that Mohegan sun's pretty nice. Does need the secret of theologian in Springfield can be nicely MGM runs a dude product it's it's not as high and his the wind which is going to be an effort the wind is you talk about you know top of the line you know casinos with all the options. Wins music guests but MGM's a very good mid market casino. I admit I market actually. I'll tell you in about ten years ago after these casinos have been around and operating for seminary years. You're gonna see a lot of social and financial problems in Springfield and in agreed in the if you study. Casinos folks. And you look what happens after they'd been there. Is what happens people lose millions of dollars in the east they just suck money up from the local community I talked to Phil and his father lost over two million dollars see it's. And Indies destitute as a guy that made a lot of money. He's a mortgage broker and he made millions of dollars and he lost every penny of it and the casinos dimmed and now he's destitute. They quick announcement on behalf of Cushing and dole and many view ask what happens if you give your home your children and later on wanna sell well causes huge tax problem. If you were to give your child your house let's say you did it today and you bought your house thirty years ago for a 100000 dollars and he gave it to them today. And it's worth a million dollars. Well if you go to sell it later used pay taxes on that 900000 dollar gain that's just an example of one of the many problems associated with gifting assets. Cushing and dole and during the month of December. Is giving away a free guide. And it talks about the gifting and Medicaid implications and tax implications. Of giving your assets away if you like a copy of this guide. Call 8668485699. We can download the guide by going to legal exchange showed dot com legal exchange showed dot com or call Cushing and dole and people free at 8668485699. Yesterday chart before we got finished with a show we speculated. That the FCC would dismantle the net neutrality laws. They did in fact dismantle them where we stand today and when will these new laws go into effect. So where we stand right now is based on this vote was a 322 vote along party lines with the FCC chairman and two fellow Republicans backing this change here. And pretty much this means that rather than being classified under title two as effectively a public good. These did they pretty much have they have guided the ability. To level the playing field for. Companies of all sizes as far as the ability to you know stream their data how they choose to so what does this mean to me as a consumer. Probably not much in the next three to six months I don't think you don't seem to mystery election years that. Happens go out two years and I think you're going to see a much. I think you are likely going to see higher fees in a lot of cases I think you're going to see personal validation companies like Verizon will be able to raise their rates. So not so much on you but what they'll do is so Verizon as a whole bunch of streaming options services they offer. Verizon wants you to watch there's as they get all the at rec program so what they're going to do is say okay all these other streaming services who Amazon all these other ones. We're gonna charge them more in order to get access to our network in order or to get the speeds they need in order stream so it was on if I wanna watch Amazon prime video. Amazon is gonna have to pay a bribe to Verizon which means that they may have to say okay announced that it 99 dollars you know 220 year or Netflix assay we have to raise prices again and the other thing that'll happen is that they can do this against smaller competitors too so they can price smaller competitors at the market by as an example that could when you're talking about it nurse that means let's Sam startup who wants to do with streaming video for the financial exchange in my wanna launch you know financial exchange video there. They could say OK in order to stream at full speed over our network you've got to pay SX number of dollars a month. And so we might say well we can't do that it doesn't make sense financially. And so all that we get is a slower stream that doesn't delivers good quality and also known wants is us. So right now so they can hear you and your feeling is that this puts too much power in the hands of the big guys. It doesn't the reason why is because 78% of households do not have access to more than one high speed Internet providers is that the big problem is that it yet it's it is it is you guys like if you had ten if if you could go incentive at AT&T Verizon. Google. This that if if you went and said hey you got ten choices for providers in your area. This wouldn't be a problem see in my home. In Connecticut a live in Waterford and the only provider we have is Atlantic broad. And baking get away with murder and and you know it is terrible. He's you pay the fees and then I measured the speech is not the same all if it just and and I think that's. The if the thing that might bother people is. You know and and I think you're probably right built me this will become a consumer problem for a couple years. And I think the big thing is if this were coupled with a renewed anti trust push where we sit they were gonna break a Verizon break at AT&T break up Comcast and and dramatically slash in the amount of market share those companies have. I'd say fine go ahead because this play competition yet did two or three options that is not worried they live. 83 to five via and then let's kind of like with the cell phone is still way that T-Mobile very mad sprint to imagine if in your town via. They said hey you know what we don't need to regulate your utility anymore. The utility can charge whatever they want them all the happens utility or charged an arm and a leg in the rich people will be able to pay for and the poor people won't. That that's what's going to happen here now. Is effectively broadband is like a utility does. Is there any advancement being made in Internet broadcasting that would allow. Somebody coming in. In and do it wirelessly so they don't have to run because that's what that that's what Verizon owns ailment cable coming into my house sent files it's it's getting close were probably three to five years away. And the cost is going to be more first so it's. We're close potentially but there's not an easy solution there at this point and so again from my perspective I think this is something that. You won't see the impact tomorrow but it is going to start to negatively impact people down the roads. Are. Coming up will be joined by Paul La Monica from CNN money he's gonna chime in with his opinion. On Disney that is next from the financial exchange radio network. The financial exchanges lied on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. There's a 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 a common theme among his clients as 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 and articles that 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. Hi this is very are strong and secure our 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 wanna maximize your savings I'm not gonna bore you with the numbers but this information can help you. Plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office at 803934001. And asked for my brand new guide it's called the key numbers for 2018 it's chock full charts and statistics to can help you and areas of retirement planning that you might be the most that number again is 803934001. Or you can download the guide right now at our strong advisory dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services -- securities America advisors incorporated Barry Armstrong represented -- Armstrong advisory group in the securities America companies are on the 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 landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online -- collection product called sea grant it's a great service for landlords allowing them to collect tenant's rent payments electronically MC rent dot net without the need to collect checks most landlords used 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 to zero and technology tell them a call this he ran team at 7816418691. 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 78164186917816418691. Or zero rent dot net. We were all trying to think outside of the box when it comes to holiday gifts for our family and friends so this year I'd encourage you to call leader bank a bank you ask why what I call bank for a holiday gift well first you're Smart person and second because you've heard me talk about leader banks incredible assortment of precious metals hi this is very Armstrong you can visit all leader bank locations from Arlington to the seaport in Boston they've got one ounce and 110 of an ounce silver and gold bullion coins at all of their locations and other precious metals are available upon request these types of purchases can be a Smart meaningful investment in addition to being a great gift for someone you love co leader bank today at 8776917900. And learn more about its precious metal collection that's 87769178900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency can't guarantee by the bank and may go down in value leader back a step ahead. Security suffered two securities America members finreg SIPC. Advisory services arbiters securities America advisors Gerry Armstrong represented Armstrong advisory group in the securities America companies are unaffiliated. They say video adds ten pounds. But don't tell Berrian Jardine the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. Joining us now on the line is Paula Monica from CNN money here to do little bit of stock talk about Disney and Paul thanks for coming on. Well obviously big news with the other merger Disney buying a whole bunch of assets from 21 century fox. Net positive for them. I think it is it's going to perimeter. You know semantic dominance in Hollywood at the box office when you have. Act in some of the marvel characters that they didn't have the rights to the fox does you know mainly be expanded. Fantastic four and out you know dead pool as well so I think it's going to be very anxious to see how the marble lots cinematic universe is a puppet. You know experience now. Now with the you know exit of the addition of these beloved marvel characters that did we didn't have a right to. A question for that would have been unthinkable ten years ago. Is there a chance the Disney looks to get rid of spin off ESPN and all this cable networks that are losing subscribers or is that just a pipe dream. I still think that the pipe dream it's a great question asked at the reason why I think it's a pipe dream now is. When you look at some of the other that that these these getting with the fox deal. They are not getting the national fox sports network. That can keep its Q but you or getting. Fox is. A regional sports networks yes in New York is one of them. So there is the argument to be need that yes you can compliment. What they already as a national basis. We the regional sports networks is getting boxed but I think you're right they the biggest problem that spacing. DD and Bob Iger was not a BCE after the 20/20 one. He's figuring out how to reverse some of the subscriber declines and Wall Street's obsession with those declines. And yes you know because that's what the stock has been held back even though just about everything will be it would doubt may be Chilean doll. Yet they've been hit on all cylinders on the studio front is just the bridal networks shall it's it's kind of the opposite of fifteen years ago you know that they've they've kind of flipped roles there looking acts. You know Disney as far as. Their growth in two streaming they've announced that they've talked about the privilege to have like three to four different streaming platforms starting next year it seems like. Are they too late to the party or can they still make a dent because of their content library. That's a bit the biggest question I think that people anger is are they choose Lleyton. Obviously there are a whole lot of properties that piece he has that people want to watch and wanna watch it streaming you could argue that by pulling some days you fox. Movies and keep seizures from Netflix that people flock to whatever this new diss the service is or Hulu which is we will have increased ownership. But at the end of the day I think that the problem that people. You know sometimes fail to recognize is that Netflix is no longer just a plea to people country to watch O will be. To watch a regional context and ally is a consumer I'm gonna give up my Netflix has long haired stranger they ours the new black of that of those shows like BB. Now have to pony up for immediate cease service because that two KG watched it incessantly. Perhaps but it. He knocked it means that I'm gonna give up Netflix. Or Lou or. Looking at Disney you know obviously they own ABC pet as their inability to produce any you know really good shows been just because they're stuck in that traditional. Broadcast model and just haven't had the streaming option to add to got to go into that edgier content. That's a good question I'm not really issue work that you know the problem. When he network TP is that they are able to. Curse and have more mature. Con and be something more. Gratuitously violent like some of the shares that you will see on Netflix including you know that the marble chose her Barry and achieve that there. On on Netflix it just did you have been scared of what that are yeah Harvard you know something that you know got more you know sexual contact or whatever I I don't really think. That the issue is that people are spurning the network because they want more blood and guts in tax on cable TV I think. Bottom line people writing better show spore goes platforms and we him why can't write good chips for ABC. Last question for you Paula then we'll let you go is Disney done or is there another domino to fall. With regard to any any desired position Zia. I think they'd have to pause for the foreseeable future I mean we it'll be want to make another. Acquisition. To bolster the sports side of war the streaming network capabilities I think that's possible but this is going to be one. That's gonna take some time to digest and I think that's one of the many reasons why. Bob Iger who's you know. And retiring trying to retire since 2015. Is now out of the BC you know for 2002 when he wants to I'd be very surprised if Iger wants to complicate matters but. Doing it and other deal while there's going to be Torre fox. Very good Paul thank you for joining us we'll catch up with the soon. Thanks to do that is Paul Monica from CNN money tuchman Disney with the ticker. This can be a 1054. Room hotel. Yet this is going to be a north of a thousand rooms going down on summer street near the convention center in the seaport badly needed Boston has some of the the the least. Some of the lowest overall capacity numbers for hotel rooms out of any major city and in particular. Down that area down by the convention center has been sorely lacking I think they're two maybe three down there and I'd get the seaport hotel there's a Renaissance down there and there's also. One more up the street exit that what they initiatives they should put the casino rate next intentions obviously such a good sparring wanted to just put it in the convention center right now a lot one stop shopping logically would that make sense. To have a down there yeah Aaliyah. None of it's not a parking in the area it's the only time I need to do with nobody cares enough parking in I don't uses Hoover matrix group. In war front come from the verbs you know drag out all night not gonna drive home so taken over cars. It's not that expensive. It's unreal 3040 bucks. Each way yep lets you make if it's a hundred bucks slate just to get round over with and trusted to park in the city forty bucks it's half as much for the night. Make more money. And I thought okay effect and it's a cluttered I didn't less money. I I'm excited about this this is big for this big job creator it's it's huge and it is going to be 550 million dollar project and it just continues when they start on Thanksgiving next year. I would imagine around probably end of next summer I'm August September somewhere in that ballpark is when the break ground the construction jobs that are available in. In Boston. Mean these guys are making money the earnings that beat their make and model and a big question is so obviously Elvis constructions been happening in the seaport for the last five years now. You're getting close you've got probably another three to four years in the way where US space to develop new and what's the next frontier Mary. You know going to pierce and now there's an okay wanna buy some real stayed up somewhere. What's the next frontier you know. Then. The winds are a little farming you I have I do wonder if you start going more into lake ever in Chelsea in those areas and it's gonna boom. I think Everett and Chelsea could be next is based on their proximity. The stock market is indicating that tax reform will in fact occur at the Dow is up a 149. Points the NASDAQ is up sixty points in the S&P 500 is up 21. Point seven nice rally today. On Wall Street it's very shocked and Tucker on a day were oil's trading up twenty cents a barrel at 5732.