WRKO>Audio & Video on Demand>>Full Show 12-27-17

Full Show 12-27-17

Dec 28, 2017|

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

This is the financial exchange with the very Armstrong and chunks are now. You're exclusive look at business and financial news affecting your day you're so leave your world. Stay informed and up today about economic and market trends plus give breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck son. Got two and a half trading days left in 2017. Right now and so with that being this close to the end of the year. Good time for us to sit back and either take a victory lap on what we got right this year. Or be thrown into the pit of misery and cast off with because our predictions were so inaccurate. That were really not worth anything or mixture of both. Mixture of both sometimes you can be happy in the pit of mystery correct tux out of John Mooney Tucker Silva here and we're gonna get right into it looking at. Economic forecasts for 2017 and what economists got right. End. They're wrong and what's interesting here is. It somewhat of a mixed bag but I think in general. They seem to be better this year tiger and then we've seen in recent years let's start first talking about the unemployment rate. You know if anything this was kind of a predictable. Here that we we've seen a lot of ups and downs but when you level ball out and you look at the final numbers. It's kind of like what we expected it is unemployment rate the average forecast last year this time chuck was. Four point 5% we came in at four point 1% I would say unemployment rate. May be the best out performance we've seen on most of these big predictions that's not a huge job performance. But I I I venture to say. That that the unemployment rate is lower than most of us were fun. Year ago if you look at one course that I have on this. Is when you factor in the U labor force participation rate. Right and you look at where we've gone in the last year. We start the year 62 point six it's 62 point seven now so pretty much flat you know you're you're within you know margin of error in really. We've been in that same range for the last four years now. Lower participation rates. Among the general labor force but when you look at the 25 to 54. Participation rates of people in those age brackets were typically working. You take a look at the last year you've seen improvement there for 81 point 5% a 82 but that was a really lousy number it was a historical. Men 25 to 54 was one of the worst numbers we've ever had. Here's a question or what you were bumping off the bottom there but you're ahead in the right direction here's a question for you there the highest that we ever got on that number. Is the in October of 1998. Are sorry. December of 98. We get 84 point three moons that's the highest. If you look at the long run average in the ninety's and 2000. Is prior to that if you look before the ninety's. Auto women still weren't in the workforce here you look at how that the participation greatest change from the sixties through the eighties and it's really the ninety's and 2000 that we have to work from. There were 82 right now you can make the argument which probably around 83. Somewhere in that ball parks and they're still if you look at for the number of people that are in the workforce that should be eaten. Probably somewhere in the ballpark. 2000002. And a half Billick there's two and a half million people who are working. That should be and what the reasons for that. No doubt a big the big portion that is GOP or crisis you know I don't know question now that's a huge portion. You do have a higher percent of people going back for grad school Knauss that's apportioned as well. You have a certain number of people staying at home voluntarily to watch the kids that because you know the wife makes more money that I do and makes more sense to me to stay home watching his or vice Versa there's no question. With the rise of your B&B and things like that. Does that pull people out of the labor force because they can simply rent out a property instead and they don't. Need to work well to eat absolutely and in total when we start talking about the the underground economy or that but baton or let's say instead the gig economy. There's a lot of people making money who don't show up on these numbers so that's that's a big factor whether it's you know you're driving for you know under the table. Or you're doing your renting out your home maybe not reporting a lot of what you do in the gig economy a lot of the stuff goes on not underground. One of the big problems I think with a lot of our economic statistics. Is there's seventy years old they weren't developed to measure what we want them to measure what these were developed either during her and the World War II to try to figure out how to get the economy productive. For the war effort or try to rebuild afterwards. And so. They're not really built to measure what we want to measure and a lot of keys and that's why I think you're spot on by. Comparing this to recent numbers because which are talking about the seventies and eighties. It was a different structure of the entire structure was entirely different or so recent Parsons but that also underscores two chuck I think it's a very good point you make about labor participation rate. Because we've seen. The unemployment rate get worse as the labor participation rate gets better the nice thing is this is really an apples to apples comparison proving here. An end and they're they're comparable from a year ago so when we see a zero point 4% drop in the unemployment rate. That's positively Goodman was especially because you have all these baby boomers dropping out but that 25 to fifty forced picking up some more the people that you want yeah he's working. Are actually working now hiring. Hiring with the prior to this year. The expectation was a 166000. Jobs a month we've done 17 before a little better. How much debt like that that's cloaked pretty much spot on the that we expected decent hiring. Coming up the numbers we were to dealing with with a with a 2% economy we basically little bit better. Real GDP you know this is spot on. You know we're talking about the fact and there's a hyperbole on the show that the economy's terrible all the economy's robust. Bottom line is suddenly don't change quickly if you don't change in their very predictable actionable longer term. Average forecast this time last year 2.4. A lot of people might be surprised. We came in 2.3 were actually under where we thought we'd be adjusted so what was it via second quarter that was slower than expected I think and guess what they're projection for the fourth quarter willow was hyperbole about the 4% world three and a half will be under no under three though that we're going to be around three and a half for Q4. Consensus was to six it's being bumped up to around 28 -- so I mean you know. And that's a pretty good number yeah it would when you're dealing with a eighteen trillion dollar economy we're talking about hundreds of billions of dollars of growth. That it takes to get in by the way that 2.3 percent number. Ease inflation adjusted so we're getting the inflation rate. Plus we're getting 2.3 percent that's normally. Not only may be the best grew from there proceed in the history of the plan one area that there was a miss that kind of flashes some warning signs here is for bond yields the the projection. Was the by the end this year. Ten year treasury B two point 8922. Point 49 almost half percent below oh yeah and when you see that it's a suggestion that hey things may be good in the near term but long term. Don't don't bank on I I think that's true chuck I also think that's an indication of the fact that the whole world has been an 0% or sub 0% interest rate market. PT SD from the 2008 crisis the world still digging out from. We all this is ahead scratch your peers I would never predicted 2.4 6% of the long ball and I would fattest at 3% plus. This is the case were I think. We may be proven right but it's gonna take longer to get their for a lot of reasons including the fact that people around the world are reaching for our yield. You're not part of the world and only get 0% on your money. You look at 2.4 percent on a guaranteed US treasury that's appealing. We're attracting money from all over the world that's keeping rates artificially low not the Fed which is going the other directly at him. Like I could see that wanna jump ahead a little bit here a two way talk about entitlement programs specifically. Medicare and Social Security the headline from CNBC. Is Paul Ryan wants to cut entitlements to trim the deficit the political reality stands in his way and but we we've known you know ever since Paul Ryan his job be in in office. He's said look we we need to fix social security and Medicare and right you know we we need to be a rain in some of the cost on those programs for the long run. My question is it politically possible in 28 team to do so. I think it's going to be very difficult because both parties. Are indicating it's not where they want ago they don't want better leadership in the senate say hey mister Collison and not really yet and it. And there's been word that trumpet is said to his advisors they're not gonna get me into this and bring me down on this I mean I mean in and and report neither Republicans or Democrats really wanna go there. It is on the agenda. After infrastructure so there's going to be some discussion about this. But the fact of the matter is neither party really wants to go here. A rise in wants to deal right himself does wanna deal with Medicare and Social Security but he could be a party of one. I really think we need to return from the time of us Simpson Bowles who talked about some sort of a bipartisan approach where we have a little bit of pain over a long time spread out among a lot of people. The problem is nobody wants take that pain and nobody wants to be the first to say I'm the one who wants to cut. And that's a real problem it's a it's a bipartisan problem. This brings us to our poll question of the day. And it's going to be a difficult one I think for a lot of folks to answer would you rather have a smaller Social Security payment. Or higher taxes in order to fix the program we're not giving you an option for doing nothing is if you do nothing you get a smaller payment anyway. So again would you rather have a smaller Social Security payment. Or higher taxes to fix the program pick whichever one you hit at least. And will be doing that all day right here we're gonna take a quick break right now but we come back if we talking about. FedEx and UPS and good news for them heading into 2018. Right here on the financial exchange radio network. Berrian Joakim 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 thank you ask why what I call bank for a holiday gift -- 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 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. Securities are 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 to collect your check. With paper checks of ash may be still do well as he rent a allows you to collect checks electronically. JO hoping he could spend a little bit time explaining how he grant works and why it's a big advantage for landlords. He buried so we we developed you re you 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 polls 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 oh. It make the rent electronic payment allows for me cheering multiple rooming an apartment that's great if you're renting out to college student Lou. It 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 times stating an ointment or are you still giving the first six months free from landlords the first six months or three and then in addition to that. If you bank at one of the participating banks he ran is all we re. Those participating banks or meter being installed. Via at that any bank could sign up bright and keep you at a bank in Vermont Connecticut. They could sign up and become part zebra yup you York you have a community bank that wants to be a member happened Collison and sign up and the service and for victory. All right if you wanna learn more about the rent. Go to as he rent dot net you give McCall wanted to 8776917900. If you're bank doesn't operate and sign up or is he wrecked. Go to zero rent dot net or call them all free. 87769179. Injured. Securities opportune securities America member finreg SIPC. Advisory service arbiters securities America advisors Gerry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Get the most comprehensive weekly economic updates from CNBC senior contributor for Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. So yes they we talked a little bit about the delivery delays that both FedEx and UPS were experiencing as a result of some of the massive demand that they've had. Because the growth nonaligned shopping. But there's some good news for them as well in that their activity is likely to continue into the first couple weeks 2018. People just opened ninety billion dollars in unwanted gifts. Yeah this is a very good news for FedEx and UPS when it comes to getting business although it may not be such great news for the retailers themselves. Who are facing even higher return rates for items purchased on line verses offline. Because the fact matters people can't see the stuff and you can get a man it's like and it's not what I expected to affect matters return rates and things you buy on line. Are very very high 15%. Overall purchases. Are returned whether it's online or offline. Consumers actually checked him at from solution consumers actually preferred return at stores. But a FedEx and UPS. Do make a fortune on this who will. Tucker and and John. Who's the toughest person for you buy gift. Probably you out pro cement mother. Right now I'm on Imus you only die out pros and Oca yeah I would say. That the women on. Yeah there are more different agenda whether it's the wife for them on more. I'd say that's tough. Always get like myself hockey sure you know some sports did exactly others say it's it's easy you that your your mom's like OK like a senator this ball last year Willett what do I do now like I can't do that to music world exactly I'm on all lot of crap to do lake will what do what do I do it. It's. I always do have a challenge with my mom as well it's probably the biggest challenge. That I have. I was astounded that the 15% of purchases are returned yeah and that's that's hard and I expect I was expecting like five years. I mean like I don't know if I've ever return again that's why the gift guardsman gift cards are the easiest and that it wanted to return right. Gift cards that are did you go to some some throwback to what people are are objecting to get a gift cards because. I love gift cards. It's nothing personal about I yet cop out I kind of don't like that aspect of it but then again sought to draw however turns up. Yet and no one ever got upset. Any gift card to a story that they go to our enemy is now based extra cash de facto cash but returns are major challenge to retailers were facing. Costly return rates especially as e-commerce grows. This NBA very expensive proposition for the retailers because again. They're subsidizing. A one this free shipping. When they send the package for free eat is not free. UPS does not volunteer. To take the package to your door Leo we'd love to carry that for nothing because they're nice people. Talks a good guy they are rare endorsement for it yet that that we are nice people. But they just don't work for the iPhone work replace I mean. Free delivery is a subsidy paid for by the retailer. Now in many cases the retailers also paying for you descended back. We're seeing increasing cases though where the retailers do have strings attached on the return. And there is a charge and there's at the box opening charger barked closing Chara there's all kinds of little charge it's. At this opening jars like c'mon I don't really adult of electronic jointly opened it you're like in big trouble. Via via never open the box it's like I've I don't want government off on near the door open about its toxic. He's never the box never pull the tag off until you know like that it's absolutely what if it's a gadget. Even if it's not a gadget. Just be careful that's tour so this is this a big expense for companies but the fact matters it's a great boon for FedEx and UPS absolutely sticking with retail. 48 teen couple major retailers couple. American institutions one more so than the other but Sears and Toys 'R' Us. Kind of getting down towards the end of days potentially hear you and you just will. If either of these companies is going to be able to survive you know. Ivan the first one to defend traditional retailing and I think I've been proven right this season we're traditional retailers have actually done very very well. And I think there's been somewhat of an overstatement of the fact that everything is going on line but. Given that when we talk about retailing be in trouble traditional retailers. These are the kind of companies that may not make these are the ones that are losing not only to the online competitors. These are the ones who were losing to traditional retailers as well Sears is getting it's it. I think if you typically they're losing. Big time in what they do and even if the Internet wasn't around Sears would be in big trouble Toys 'R' Us even if the Internet wasn't around. Got their clocks cleaned by Wal-Mart which undercut everything they have with the largest selection people who walked in and buy cheaper so. These guys have multiple problems no wonder losing to e-commerce in number two they're losing to bricks and. What what's so amazing about this and that made this compares and before. Sears was Amazon forums yeah they invented. The catalog effectively in the delivery business. They they they would they were the first ones to do you know it's really ironic you know catalogs are on the way back in you know the catalogs and you are buying them when you're not lying on wells. That I I I don't Arizona you know what I do I don't let them in the house. I and my wife gets all kinds of upset at me but. I I always bring home the mail in an island. And before I go and I separate out every single cataloged in putting in the truck my car and make sure it never makes it in the script is good for kindling coach to start axle fire because I I can't take that wrist talker and I I. Can't take that risk the LC does remind you that your wife. Really liked the capital it's not good what aka what what attraction here because I was fascinated to read the catalogs are on the way. A lot I don't know but what I can't at least I know what it does I guess I this great list from 1902 I've done some of these before this from the nineteen Hutus Sears catalog. In these are some of the most bizarre items in it. Number one is doctor roses French arsenic complexion wafers. To cover yourself and arsenic and you get better skin. That's that's pretty much what it's saying what's the TB twelve. It's something like that liability. This one is called the magic flash builder and copper. I'd note that means and it is too it's a little suction cup. To help rebuild this one shrunken to issues of your neck arms and as the only method which permanently removes wrinkles to pretty much by putting this suction cup on you can get rid of wrinkles. All right so we have that this couple of the weird ones that doctors no longer allowed on the field Gillette Stadium via the here's a good one. Kerosene emulsion fluid. It's to be used as an insecticide on crops and animals discovered them in jet fuel and and the bugs stay away yummy. That works this one I don't even know why they have it is actually okay when a picture in the scandal some of them. Not for this one veterinary past reading now they sold any serious cattle from me so take your horses I guess in your house and what else we have here. Oh note that ninth weirdest one opium. Was in the Sears catalog in 1902. Go. And then. That the weirdest one is this last win here it is a set of slides. Documenting the assassination. Of president McKinley can. I just I like I don't know why you would have that you see. Cattle forgot to mention though is because series I went last week and it was like one of the more depressing things ever witnessed recently you walked in business mattresses everywhere. Not a single persons I decided employee looked enemy with puppy dog dies. My hope mentally tough and defined employee's keys I can't imagine anyone is I saw so what employee. Well in the other thing I noticed this year's site I went to there's so little merchandise I mean do what these big wide miles down and there was like nothing in there there were like not only not many workers. There wasn't much stuff. That's a problem. Quick break here when we come up we're talking soccer and marijuana not together but tune in right after this break on the financial exchange radio network. Like there's someplace where. I was on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks ticked hassle out of rent today we're zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit www. C rent dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Are you financial advisor who lacks a formal succession plan you're not alone according to investment news 43%. 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 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. Advisory group dot -- securities -- for -- securities America incorporated -- -- SIPC and advisory services -- for the securities America advisors incorporated Barry -- representative Armstrong advisory -- in the securities America companies are unaffiliated if you own rental property you're going to want to hear about this exclusive program offered -- -- -- it's called zero cents and is designed specifically to help -- receiving and deposit their -- checks electronically as opposed to having to wait for the male co -- bank right now if you're interested -- -- ranked the number is 8776917900. That's 8776917900. This program will automatically -- 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 -- -- sign up for -- -- -- on the execution of their release and why wouldn't you wanna do that once it's set up you never have to make another change during the -- period he -- -- a free service if you have an account -- -- bank and if not they'll simply cost -- a small monthly -- cult -- bank right now and 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 that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a 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 let's give 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 your 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 866845699. Or downloaded right now and legal exchange showed dot com. If you're real estate or property management company you need -- banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers 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 Wall Street watch a look at the market's performance so far today until Darian jug right here on the financial exchange radio network. Quick market update for you as we look to see where things are going with just two and a half. Days of trading left in 2017 the S&P is up three points right now the Dow was up 24. NASDAQ up fifteen. Taking a look at some of your commodities oil at 5971. Gold at 1289 at two dollars announced. The ten year US treasury 2.4 four right now and and so overall pretty quiet day Vick going to 151200. That's your daily beat point update and we may dig into it a little bit later on but for now let's talk good bit about this soccer official in Peru who has been acquitted of a corruption charge. As right Manuel berg guy has been acquitted a month long trial involving allegations of widespread corruption in international soccer. It's a federal jury a federal jury in Brooklyn came down with the ruling. But in this case chuck there's a lot more to come forty people have been charged by the US Justice Department. Involved in accepting millions of dollars in bribes from sports marketing executives. In connection with the media and marketing rights for major regional soccer tournament. But the widespread belief is that there's a lot of corruption many in this case there's a not guilty which by the way does not mean innocent means not guilty. But there's but forty more cases to come. Why is it seemed like any time international sports are involved. There's this level like you looked through this and you've got beat me you've got the the IOC I mean it seems like everywhere you go every major event. There's just these massive levels of corruption. Of course if we dug deep into the NCAA why the boys are told that there are different level I was in the what's amazing I don't wanna say corruption but just. Taking advantage of people that they should be taking advantage and that's not even professional. That's why the NCAA to me is so disturbing book says it's. Allegedly not professional quality and yet you still have multi millions of dollars hundreds of millions of dollars changing hands on these. These marketing deals these apparel deals and coaches taking money to get you know favors from X company. Q where the the term student athlete came from the oxy I mean as soon oxymoron or them. John as I don't line to real school. You deal where the term came from nowhere. It was developed coming out of the 1930s and forties to help avoid workers' compensation cases football players who have been injured. Playing in NCAA games really. And so pretty much they didn't want them to simply be students because then obviously they wouldn't you know were they. You wouldn't require the player anything that would be anything it for them right but you couldn't say they were athletes and working because then they'd be entitled to pay. And so they came up with this high return student athlete literally to get out of paying players who've gotten hurt playing. Very interesting and now it's used to get out of paying players who were making hundreds of millions of dollars for schools across the country schools. Advertising executives pretty much everyone but the players I mean they they work for Nike and under armour and and Reebok in their bringing in lots of money and every meal lots of television revenue amid some of the highest rated events and television. Our college basketball games what other. Not even job what other acts would you undertake in America. If someone said but you can never get paid for this match if we went to people who played the saxophone and you college band said. Hey I know that you'd have this huge following on Twitter and everything. But don't make any money off that otherwise we're gonna revoked his scholarship you know John cal Perry noticed that exact same thing. And decide to build the program based on the essence of what you're talking about you know the fact of the matter is a lot these kids come for one year. They bring in a fortune to the schools they get paid nothing they spend literally nine months at these schools. Do they go to classes I'd like they are at or eight months times they don't even go for the second semester. Yeah somebody there that their deal in class maybe through. January or February of this raises a K an interesting point involving the person who might just hate but I think he has a very interesting point you know the Boller. Oh Wal-Mart oh no you know Lavar all the bar ba ya has come up with the idea to start a professional basketball league. Exclusively involving freshman age kids I think integrated into what it is the wrong purple would or each pay nothing. So rather than this farce of saying you have to go to Kentucky. To bring joy to the hearts of Kentucky eons and you know profits to Reebok. You can go to work for a year but with mr. ball. And get paid I think it's a great idea. I don't think of our balls the right I know I thought while that's a really but I think it's a brilliant idea that it's that a pretending to go to campus for a if you're going for when you were not in class the second semester because your eligibility doesn't depend on it right it's it immunity even if you do you're there for eight months. Yeah exactly right it's it's a it's a pretty quick trip you're not you know exactly yes sticking around for a look at any kind of long term strategy there but anyway we do expect more in this case at all despite the fact there was an acquittal in this a soccer case we'd do is about forty more cases to go. In I'm sure it will be so much some guilty findings to come. Absolutely work from Cushing dole and regarding estate planning. The key part of executing a sound a state plan is making sure that you take care your family and legacy plan it can be painful. Has forced us to think about living with a loved one. But taking the time and understand the best best ways to plan. Help your family when that awful time comes we all want to leave our children. In the best possible shape. Predicting our assets especially at home where vacation property. It can end up creating a huge capital gains tax problem if the kids choose to sell the home. And we all know the old adage we can't take it with us and inspires people start giving assets away as gifts. It can be a good strategy but the devil is in the details. Cushing and Dolan has written a brand new guide that explains gifting strategies and it's free. All you have to do. Please call 866848. 5699. That's 8668. Foray. 5699. He also download a copy at legal exchange show dot com if you worked hard and of accumulated wealth. Take the time to get guide in order to keep that well in your family the right way call 866. 8485699. That's 866848. 5699. Or download it right now at legal exchange show dot com. What last time either you went to a Jack. In the months. I think about 25 years ago in the midwest I've never done so I'm trying to think I've ever been to a Jack in the Box. They're not bad night I went in the midwest about 25 years about surely gotten better since then but and it's a whole lot of them around New England. No. Tucker can too on the the interwebs and see if if there Ernie Jack in the boxes Ian. The New England states lark what they're doing right now is they're Chad teaming up with a company called Mary Jane which is a canvas focused on line publication. To launch the very much meal in celebration of recreational pot becoming legal in California once the new year starts so. They're going right after the putted saying hey. Hungary. Come on over here reset this for oh I'll should there should be a Taco Bell dispenser in every. Dispensary then there will be. Just a here's here's your talk like ports complimentary tacos. It's interesting because if this there there's this meeting here between you know but the public is a merry month she meal as you said. Jack in the Box team he would Mary Jane which is that we focused on line publication. Flirting with the marijuana culture. The interesting thing is they've determined that there's definitely a market for this. But they're concerned about and they also acknowledge him as a lot of research to yeah I had another really difficult every Thursday did. But they found out that most Americans. Support legalizing marijuana. But consumer brands still want to avoid the backlash. From the large number of the minority of people who find this to be a bad idea you anger a lot of people you probably figured that most of the people who are going to Jack in the Box to begin with. Don't care. Yeah. Most of them do but. There's a a plurality aura of not plurality but there's probably 20/20 530 and people who do like I'm offended by the pro level when there anyway like they might take the kids the Jack in the day the calculus that hey we're gonna pick up more sales from the pot heads. Then we're gonna lose to the people who don't like they haven't yet made that determination that's why they're talking. That's what they've got an option but they're weighing the benefit of what you see is clearly a great business. Verses the impact of the back the backlash to the big thing they need to do delivery. Well that's why there are the kind of delivery through them. That might actually because of the prop what is it what is it what have you ever met a pot and he goes man I just had a great joy let's go out and get some food now. It also thought it. I don't know I don't know the the most of the time it's. Man that was cute is there anything in the fridge yeah known issues and what are we unit two is no more chips man. Someone called the Arctic is I'm gonna have an emergency like that's just I think they can do delivery by the way I looked up. The nearest Jack in the Box a we have location yeah Charlotte, North Carolina that's the nearest okay yeah I went to one of Missouri is pretty good and I get accurate I I think there's a risk and a place like Jack in the Box. To selling the stuff. In store and I think they realize that also. But delivery is a great idea and I think it's interesting that the that the snack. Business is one of the biggest growth businesses out there he knows other companies are requiring snack companies. Because sales are so strong part that is people sitting around watching Netflix part of his people sit around get stoned. Or combination thereof you know what I wonder about a definite coverage of the companies that don't mean this multiple ways in which people are. And but what people will always eat helpfully. Are eating more snacks today that's an interesting trends developed recently you know what I wonder about. Is Weathers the the niche it needs to be field here is just a completely new fast food place does that doesn't have existing customers can market directly to. Marijuana addicts that's not a bad idea effective you know that there be no downside to doing that at this but users I mean exclusively absolutely there's a market there. The problem is when you start doing with Jack in the Box or McDonald's start doing a lot of if you start with a clean company yeah you know where it's just do whatever you wanna call you know tacos pizza and anything else you'll lawyer high. Which that's a little too long I've. We can come up with them for it will work at and TIL. What court got a during the commercial break we get a ticket quick one right now we're back in a couple minutes talking about the latest entrants into the electric car race right here on the financial exchange radio network. The financial exchanges all over New England to go to financial exchange showed dotcom and search for the station closest view this is the financial exchange radio network. A key part of executing a sound of state Clinton is making sure you take care of your family. Legacy claiming his painful because it forces us to think about living without loved ones but taking the time to understand the best ways to plan will help your family when that awful time comes we're going to leave our children in the best possible shape. But -- our assets especially at home or vacation property in creating huge capital gains tax problem of the kids used to sell the home we'll know the old phrase we can't take it with us and that inspires people to start giving assets away as gifts they 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 -- free by calling 8668485699. That's 8668485699. And go also download a copy on our website at legal exchange showed dot com if you worked hard and I've accumulated wealth take the time to get our guide to learn how to keep that wealth and your family the right way call 8668485699. Or downloaded right now had legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rant 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 reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Obama called this he ran team at 7816418691. That's 7816418691. Or visit C Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. 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 34 years Emeka by thousand and our legal guys sell. There will be 151000. You can give away. And what that means from an IRS perspective is that you. Do not need to finally get 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. Anybody you want to give it to do I need to clear as the recipient that's a question out and yet you know mom gives their son. 101000 dollars and then that subtle call me settlement on game. 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 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 your assets you don't run afoul of the Internal Revenue Service or Medicaid. Call Cushing handle an 8668485699. Or download the guide right now. Legal exchange showed dot com net. Legal exchange showed dot com or if you wanna call you can do so by dialing 866. 8485699. The financial exchange with Berrian chuck is liable on FaceBook and YouTube every morning beginning at ten. This is the financial exchange radio network. This segment of the financial exchanges brought to you by reader bank if you're looking to diversify your portfolio. Precious metals are Smart investment in gold and silver bullion coins. Are now available all leader bank locations call 8776917900. Or log on to leader bank dot com. For more information member FDIC. John. Buy an electric car. I consider right I am right now I would have to have a hybrid I want the backup of knowing you don't trust the battery. EIA yah mama that's were meant to and I know they're much better at least debate. But I just don't see any reason why should not get a hybrid as a backup I think I'm probably find seven years away yet if if the battery tech gets there probably. Not not my next carbon maybe the one after that that. But you're starting to see all kinds of unlikely companies trying to play into this electric car race including new companies like three Yemen Dow DuPont who. Don't make cars yet 3M which makes post it notes is looking and I don't talk I would try to incorporate we gonna do to post is that it be like eight Atlantic. When we call like the feathers off or something like that. Yeah I mean there there there it justice in this PPG of course is a paint maker and a who wasn't a couple years ago that came up with the idea for human fly paper you remember that when a global. Is that Google goes further so for this after a car if you did did you hear about the Nigel and nearby so who rolling they they filed for a patent for effect what they called like human fly paper yeah that they would put it on the front bumpers of their self driving vehicles yeah so that if they hit a person rather than running a person over. The person would stick to the car. Pilots and up and and you just have this sort ornament hook around trapped down 95 when they're human and you know it is this. Well I get the others there's all type applications like it could also be a way to speed up passenger picked up times always down for like over like is that if we have to get in the car just a whacky into them hard and I just stuck and then you know you press a button to inject him legislative goal on thirty miles an hour and all mine he got a slow down like ten for pick up. Others in the Jacksonville it is well I mean pick up this whopping drop off as a whole other thing. To slam on the perplexed that that but they're all trying to figure out how they can supply components to electric cars. And you know one official said the weren't a ten to fifteen year period of transition. That is never before been seen in this kind of industry and everyone from the auto makers themselves. To all parts suppliers to people who potentially could be selling into this industry. Are all just gunning for this knowing that we're looking at a revolution here. And it's gonna be such a revolution that a lot of people have vehicles that are not electric will be switching over so that is going to be a pretty dramatic. Change to our fleet in the next ten to fifteen years. Oh since you know it's called 1940 when you know automobiles became somewhat mature. Has there been a similar change that we've gone through no I mean you give the small things around the edges like okay seat belts and you know shifting from automatic trigger for manual transmission automatic. You know obviously bigger engines but those have all been. With the same general technology it's the same paradigm I mean I was looking at some of the classic cars the 1950s and think Jeff yet they're just bigger versions of what we have right now the technology is the same. This the engines are similar although ours are probably not as good as theirs but it's the same paradigm I mean this is this is a paradigm shift. We've not have this I think since the invention of the car. Lot of disruptions and I mean we've we've talked about it before you know the insurance industry's gonna change the the mechanics think about what what's gonna happen to well you know the number of mechanics if you don't have. All the engine Wear and tear that used to mean it it's going to be hugely disruptive which. Is terrifying on one hand. It's pretty exciting enough it is in this. Is back as some who I've talked to Barry about Barry thinks you're gonna get to autonomous more quickly than I do. I think there's a middle road here no pun intended. And that is semi autonomous. We're already kind of there I mean like with these advanced cruise control and a lot of the function to either add ons to some of the the newest technology this in cars. But I ethical to get to a point where you can drive driver lists. On I 93 in 95. And the mast pike. But nowhere else that that that those roads will be OK for driving drive realist but I think that for the most part. We're gonna be driving cars for as long as you and I are alive that's my own much. So but I think we have this long period of more in war will be done by the vehicle a good example is airplane flying. Jets are semi autonomous vehicles pilots still fly about seven to fifteen minutes of flight though they very rarely if pilot. They very rarely dipped and there are some flights were they very very rarely on a pilot pilot whose jet. As much. You energy here at fifteen minutes of flight typically yet they they might do as much. Piloting you know would panda on any year is they would in the lifetime previously. That's kinda worry heading I think with cars but just like the jets we don't trust it entirely without a pilot and and I think we never will. I think it's going to be a slow progression in the adjusted quick tipping point up and then we were pretty much there that that's been a long time off and I don't know I I. You know I used to think so but I have kind of come around it might be sooner than we think so you on mosque along these same lines is. Talking about how he wants to developing pickup truck for Tesla. Yet dozens of them never want to let any grass grow under his Beatles say that. Any of course has worked on the SUV as well so others and number of things coming down the line with Ilan mosque but his big issue. Is not the dreaming and the creation that is huge big issue is the execution and the production that's gonna be long mosques big big challenge. But again the pick up is coming the issue biggest coming. And the question will be I think is Elon Musk would be the person who brings us this because if he's not quick enough on the production side. The people who do production for business nine to five every day the General Motors the toyotas Hondas the Ford's. Gonna beat him to the punch on some of these things that the big. Being with you on he is tremendously Smart and building products. He is probably the best pitch man out there and yeah. I don't know if he can build long term companies that's the problem. And that's why maybe he's going to be working for these companies for a lot of money someday all the time we have on this hour of the financial exchange for doctor John and chuck. We'll be right back right here on the financial exchange radio and. Are you financial advisor who lacks the formal succession plan you're not alone according to investment news 43%. To financial advisors are over the age 55 and many have no contractual agreement to care for their clients once they retire hi this is very are strong and we might be interested in buying your practice you 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 -- 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. Advisory group dot com securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 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 their jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and limitless number 449250. Subject to credit approval leader bank a step ahead many of you listening to the legal exchange know that Todd let's do you spent his career helping people just like you with their state planning needs a common theme among his clients is the question of legacy claiming we all leave our children in the best possible shape but gifting our assets being a home or vacation property in creating huge capital gains tax problem that the kids choose to sell the home. The problems can become disastrous if one of the adult children has creditor issues or goes through divorce you know the old adage you can't take it with you and that inspires people to start giving assets away as gifts it can be a good strategy but the devil is in the details Cushing in Dolan has written a brand new guide that explains gifting strategies it's pretty by calling 8668485699. You can also download a copy on our website at legal exchange showed dot com just click on the guides an article stab you worked a lifetime accumulating wealth. 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 28 teen regardless of what congress does with tax reform. And Chaka wanna talk first ball. About the personal and dependency exemptions and then also that change in the terms of the standard deduction amount you know let's start first on those personal and dependency exemptions goers are effectively deductions that either you 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. Persons suits and increased. Of a hundred dollars a person so that means that for you your spouse and any children however 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 married filing jointly it's going from 121713. Thousand if you're single it's going from 6350 a 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 to 2018 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. 3934 zeros or one 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 803 34 zeros or one. Security suffer 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 bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead hi this is very Armstrong and if your regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you'd understand if you want to maximize your savings I'm not going to be for you the numbers that this is information that can help you plan accordingly and alleviate a lot of unwanted and unnecessary stress call my office right now and 803934001. And asked for my brand new free guide called key numbers for 2018. It's chock full of charts and statistics they can help you and areas of retirement planning that you might need the most that number again is 803934001. Or you can download the guide right now at Armstrong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities American companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. You think they're 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 that same day Imus. There's 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. 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 -- this is an online product only and there's no minimum balance required so long gone 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 online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. And. This is the financial exchange with Barry Armstrong and chunks of 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. So I seventy is drawing to a close the market is. Quiet as we head through this last week of the year. Currently the S&P is up four points the Dow was up 34 the NASDAQ up eight teen. We only two and a half trading days left chucked out of John Bowie and Tucker still be here bear Armstrong. For the week with a little bit of post Christmas vacation. I tell you is not a vacationer now people working in city property tax offices they are jammed because of all the people trying to prepayment when he. Teen property tax but that treasurer's offices literally have lines in them and a story has been getting national attention. Has turned to Milton Massachusetts where I believe. Half or more of the homes. Have property tax bills in excess of 101000 dollars X. That's a lot of people and a lot of those people have the means to be able to pre paid their taxes next year. From owning an expensive home with large property tax starting next year in return for in many cases lower rates and also. Keeping their home interest. Deductions so the the bottom line is there's the the Wall Street Journal even focused on the town of Milton. And they talk would James McAuliffe who's the town treasurer in the down Milton. And he said they have been jammed mourning afternoon long lines of people in line with big checks. Ready to hand it over to the town. To make sure they can prepaid next year's property tax which in many cases that doesn't say this but I estimate. They're gonna save 5006007000. Dollars or more Gloria. Guys doing that Italy where we're and you invest 3040000 dollars or make again. Are rated buy it it's not the person who has a property tax bill 111000 it's doing this is this a couple hundred bucks and they say. Wyatt rather keep that money maybe you can make a couple hundred bucks in the market. It's the person who's paying 820000 dollar property tax bill says. But if I don't do this now I'm gonna lose three or 4000 dollars and think about this it's not just that 1518. To 20000 dollar property tax. My guess is my strong assumption is if you are paying 181000 dollars a year property taxes. You're probably have a job that pays a buck or two which means you're probably paying more than a few dollars in state taxes yet. And you were kidnapped a your state tax local tax and property tax. At 101000 dollars a funeral home with a 20000 dollar property to actually got a job probably pays a barker to. You're talking and massive amount of deductions it to you might just overpay all of next year's property taxes and say look I can at least deduct the state tax yet and and I get kind of a best of both worlds situation. So again in a Milton is being fought a focused on by the by the Wall Street Journal but that the situation though is very typical. Of a number towns in Massachusetts and many towns across the across the country. Another change it's happening as a result of this tax bill and that has some banks a little bit concerned. Is the shipped in via the mortgage interest deduction going from him on million dollars principled and 750. And concern that it could hit the Jumbo mortgage market a little bit where there's a. A number of reasons for concern here chucked the jump the Jumbo is above 424100. You might ask will how to get to a number like that well. That is the number that is the cutoff for selling mortgages to Freddie Mac and Fannie Mae anything under that is conforming normal regular mortgage. Above that is considered Jumbo. A lot of mortgages in places like New England are jumbled mortgage and student debt that limit does vary by state I believe also there are some states that are higher in a Massachusetts the Jumbo threshold. Correct you right section of good point I think it's like 600 or says like 60598. Or something around there it is above that you're right in most parts of the country it is for 24 but it is adjusted by the cost. Of housing in that area and in. States in Massachusetts or higher than that. Banks generally keep these loans on their books they're highly desirable loans you know shaping his years ago these were undesirable loans. Because you wanted to sell them to the secondary market just take the nice feet. And you know manage it and collect you know just simply get collect the payments to get get of get paid for that. But generally now banks love keeping these loans and their own books as wealthy borrowers who used the products are less likely to default. But as a result of the the new tax law. There are likely to be fewer Jumbo loans and I just think high in housing is going to be hit in a fairly substantial way by this new law. Soccer and high and housing but it might take 10% off the prices of a lot of these 1000002 million dollar homes because the advantage has just gone way. Do you know how tax advantage you know how big the Jumbo market is compared to. Conventional mortgage news the conforming market is is substantially higher but. Did the Jumbo market although it's small has been growing older though it looks like there are a bouts. Yet jumbos only make up about a 100000 loans a year. Somewhere in that ballpark. California has the largest percentage about 68000 of them come from California. Mean and the remaining yes thirty to 40000 or spread throughout the other states. Us or about a 100000 mortgages a year or the jumbos. And from the traditional words. Well new home sales are around 67000. Existing home sales of thinker like one point 51 point six million. Existing home sales is is around five million year. Five is a fight yeah OK a yes. So I don't know what percentage has a mortgage I would imagine most 5060%. Yup there's a lot of cash steals now so. You figure yet there's a 100000 jumbos maybe 2.3 2.5 million mortgages here. So jumbos are small percentage. Ian no in volume as far as you're number of transactions. But obviously bigger chunk. As far as the dollar. It's a business they've become increasingly reliant on for profits though it banks. Because you know use the servicing fees that you make but when you sell borders to Freddie Fannie a tiny bit nice they're nice reliable in the woody like streams of revenue when you have this with no risk by the way it because the risk is is is sent back to Freddie Fannie right. But this is nice because you get to keep the whole pot. You get that interest income and there's not been not a lot of places for the banks to put their money. And so it is time of low interest rate environment where there are a lot of places to to go. Banks with a lot of capital have increasingly relied on jumble mortgages for the revenue streams so it's going to be interesting issue to follow. Supposed to do historian bitcoin now moment let's get to just get a at I don't play just through an area like I can't deal and pinpoint them home let's let's go over to our poll question that they were up right now on financial exchange showed dot com. Paul Ryan talked about doing entitlement reform Ian 2018 specifically looking at social security and Medicare. And so our question. We're putting you into a lose lose situation would you rather have a smaller Social Security payment. Or higher taxes. In order to fix the program you have to pick one that is no option to do nothing so head over to financial exchange showed dot com. Invoke would you rather have a smaller payments. Or higher taxes. In order to fix Social Security Tucker what are the results so far so far 60% number of listeners are saying they would do a smaller Social Security payment. And RC forty you're seeing higher taxes. Pretty close on unexpected smaller payment to win I don't pick our listeners like taxes I don't think they do either but then again if you're already receiving. And you've already reported and why am I gonna wanna take a lower lower payment is gonna get lower annually to 63% say 063 your target the votes just keep on coming head over to the financial exchange show. Dot com. Blocked chain is you know while while we don't wanna talk Babbitt coined the technology behind it. Is interesting here in and it means you know starting to generate some activity at some traditionally stodgy tech company. Yeah demand the technology's growing so much that it actually I was surprised to read this. Will be one of the largest users of capacity next year and about sixty data centers. That IBM rents out to other companies around the globe now this may be little the commentary and IBM's challenges that this is so important to them. But the fact of the matter is this is the only edge of being mainstream I would say. Maybe it's more prevalent than I give it credit for. What's interesting is if you say the word block chain to a hundred people there and ask them to explain to you what is. How many do you think would even happier rudimentary understanding five. However I think is a blockbuster video over yet bought some Lego block as a kid you know make it's it's still is Tuesday technology that is not easily understood by people right and it has to do with crypto currencies according to explain essentially what it is I mean it's it's like a marketplace watching is a more blood sugar to blown out so. Oh no no it's not some guy that has Iran bought change simply it is any type of decentralized lecture. That is processed using decentralized computing power which which would include like I said it can be used to prosecute in inner practice and does it doesn't have to be. You do not need to crypto currency to run a block change what I so yeah I think if I think if this being an aggregate or for a crypt appearance and also watching is not for all crypto currencies. But it but it isn't us that is part of it there's a specific block chain for each one yup but you cannot link to anyway. Correct but they provide a centrally multiple marketplaces. For these prepare currencies so like point based does not have its own block change. Okay it's it is an exchange. This crazies that allows you to make this where we've gotten to at this point like it's. It's not just how like it's its technology the people's. Don't get in on and that's not saying this to you John like I'm not being click no I know I mean it's just like. It took me like I I spent the last year reading about before I even get this level of comfort and I still know nothing. Like they say that okay sue these miners there tease out written to figure out you know how guild processed transactions right what algorithm. I iced. I've been reading about this for a year and I still don't know what algorithm they're solving. Is this presents a a challenge. To any one of these currencies becoming anything remotely mainstream. When you have to have like an advanced degree even understand and I I don't privacy and the tip of the iceberg. And I didn't like you are Smart guy and you deciding for a year and a senior still aren't I I still need to know the algorithm is a way of like I've asked people AK how does this actually process that I go Willis now over the what is it. What you mean I'm what what what is that I don't know. I don't know but anyway it is crazy idea is making a lot of money off. Whatever it is the according to take a break when we come back we'll be talking about interest rates and when he team as well as the break out hit. Of the holiday season right here on the financial exchange radio network. Work and Barry Armstrong. Chunks on breaking business news every day right here on the financial exchange radio network. A key part of executing a sound state Clinton is making sure you take care of your family. Legacy claiming his painful because it forces us to think about living without -- -- but taking the time to understand the best ways to plan will help your family when that awful time comes we're going to leave our children in the best possible shape but -- our assets especially at home or vacation property in creating huge capital gains tax problem of the kids choose to sell the home we all know the old phrase we can't take it with us and that inspires people to start giving assets away as gifts they can be a good strategy but the devil is in the details Cushing and Dolan has written a brand new guide that explains gifting strategies it's free by calling 8668485699. That's 8668485699. You -- also download a copy on our website -- legal exchange showed dot com if you worked hard and have accumulated wealth take the time to get our guide and learn how to keep that wealth and your family the right way call 8668485699. Or downloaded right now had legal exchange showed dot com. And he spent the last thirty or forty years building your financial planning business he worked hard and your clients rely on year 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 thought about a succession plan for your clients our firm the Armstrong advisory group is original 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 were with clients and all six New England states and have 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 -- -- BC and advisory or the securities America advisors incorporated burials are represented -- -- -- advisory group securities America companies are. On -- hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out liter bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so log on to leader bank dot com and sign up today this rate may change without notice and don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change yet. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum ballots and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank stepping. Add member FDIC a minimum Alex fees may reduce earnings raids subject to change without notice and may change after an account has opened many of you listening to the legal exchange know that Todd lets you spent his career helping people just like you were there a state planning needs a common theme among his clients is the question of legacy blaming. We all leave our children in the best possible shape but gifting our assets be at home or vacation property created huge capital gains tax problem that the kids used to sell the home. The problems can become disaster of one of the adult children has creditor issues or goes through divorce you know the old adage you can't take it with you and that inspires people to start giving assets away as gifts they 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. Vote on our daily poll question as financially James showed dot com while you're there fire of the media player and watch the show while you work. This case the financial exchange radio network. If you're on the go eat it and still keep up with the financial exchange on the I heart radio out. Available on your phone or tablet to search the financial exchange and you could hear individual segment or poll shows if you can't listen live we've got you covered. On the I heart radio. Interest rates this year we've seen three hikes by the Fed. Projections for next year median reports that three against expecting yet somewhere up around 2%. The question though the news it's at the banks keep control interest rates don't follow this is the 64000 dollar question the answer is. For money markets yes. By the way diminished in number for you Oca I think I know this is Kiki in the was gonna give me. I think the story of 2018 will be be returned sexiness. Of the boring money market. My money market and just hear you describe money markets as sexy yes they're going to be cool again. So like it'll be you go to the bar and hey hey you got your money tied up going five for years to 2% I got one and a quarter overnight Davey. If that's his knuckles it's it's tough to get that. It won't work on line but in a bar might work overnight money. You know but here's the thing it right now my money market account. Which is guaranteed. Government reserves Oka plays zero point 93%. Now on the one point 31 point threaten. It would but our money is tied up overnight that's all up we wanna write a check against tomorrow. 100% liquid in in many cases safe completely guaranteed if it's in government reserves. Bottom line is you have to cut tighter money for 235. Years to get 2% yet tacky money thirty years. To get two point 8% in the treasury rate to one half percent. Tied for ten years. The appeal of overnight money for 1% in Bonn where that number's going higher probably three times. Probably approaching. 2% by this time next year do you think it's ever gonna filtered down finally and savings accounts to you know UB it is. We know the banks haven't passed any of it through just a basic savings accounts to this point. They'll be the competition if you wanna or if you wanna bring money into your bank needs money want to attract funds. Four year old news. You're gonna raise what you pay to do you think that you might see savings in money markets backed up one and half 2% yes next year because you know one half percent want to Adam. Do you think you're gonna see CD rates tick up don't know locally based on longer term it is this is where it isn't that question and it's the question is he in central banks keep control of interest rates the answer is there's one right they can control that's the overnight rate that's the only rate they control. Must against the business of quantitative easing wives Heidi this and that which is an emergency thing which they did once in the last fifteen years yup so. Again outside when some 2008 the answer is they control overnight rates. We all assumed the that would mean all of the rates would go here at the bottom line is the long term rate has not gone higher. Logic would say to me that if we do get continued full employment if we do get raises about the people. If we do see oil increased and receive the Fed raising rates and returned more normal. Likely the rest of the yield curve will rise. So it's a long way of answering. They do control overnight rates but we're gonna have to keep a close in 2018. To find out what happens that five year. What happens at ten year I'm skeptical on the tenure going higher I. Higher than 2.4 five yes. So if you bootstrap it out bootstrap and for those you don't know it's you pretty much take each year an average what do you think interest rates are going to be and then over the ten year period that's that's your average. I could see one or two years where we get above three. But then if you go into a recession elves and back down to wonder how you present for 45 year. I don't know how much are you gonna get into. I don't know if I would buy US treasuries today. But I don't know if I'd sell. Yeah well I I would say if you look at any historical perspective it depends where think deflation still like that's the key number eight yeah it's it's where do you think inflation's going pretty general Powell is going to take the Fed. In the event of inflation does he go Paul Volcker on the thing. And raised you know hike rates to the stratosphere and in drive the economy to a halt or does is say look. We're gonna devalue and keep rates low. Like it you your bottom bottom while about interest rates the problem is you more have to be in the head of 125. Economists as opposed to 300 million people. Bottom line is the Fed you write has so much control that is they control overnight rates that we could make some logical guesses just what would happen the rest of the interest rates. But it's out of their hands. And the bacon raise money to the blue in the face but the bottom line is as you said it's investors who make decisions on what to pay for five year or for ten year. The powerful dis inflationary forces of globalization. The Internet which empowers us as consumers to tell Amazon to tell Wal-Mart to tell everybody else what we're gonna pay. And if you don't charge that I'm gonna go elsewhere the Internet is a powerful this inflationary tool. Robotics automation. These are all things that are much more powerful than the dead. We talk about it things like inflation and this is why the exciting thing about where we are right now is. We might just be able have a much stronger economy. And yet keep inflation relatively in check could be goldilocks scenario. That and if we have a goldilocks scenario with a 3% plus GDP you're approaching 4% that's goldilocks. Plus. Yeah yeah absolutely having your cake and eaten it took. It's a good news for Amazon Amazon said they sold tens of millions of Alexa enabled devices. This year to which I say. It's a little creepy it is because video of one of these yeah I do and the John I use that all the time not familiar place up any time soon. But I mean I Alexa wakes me up in the morning Alexa checks on the traffic going to work every morning and I checked with the likes about it like a person. She's totally reliable. She never talks back actually it's she's okay this whole war you Pete I was over at one of one of our friends houses maybe about a month ago and they had just gotten Wendy's. And you know we are listening to an open and doors something like that. And we've been talking I think about monopoly we are playing. Five minutes later an ad for some kind of like monopoly game comes on and that was the moment I knew I didn't want one comes on what. Oh Andorra on pandora that was running through the Alexa intricate and and I simply said never buying one. You know if there are always listening it is creepy are now and I know that you can do cool things with them and everything but beat the creep factor. I'm out. I am careful what I say in my own house that I shouldn't I your right I mean I shouldn't have to be careful what I say. Knowing that someone's potentially listening. To. And that that the bottom line is on this the story is that Alexa had a break out holiday. Selling more Alexis for like 29 bucks on the other end of this break we'll talk about apple. And what they did wrong right here on the financial exchange radio network. The financial exchanges of live on FaceBook so make sure like your page and watched 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 toward diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead hi this is very Armstrong and if your regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you'd understand if you want to maximize your savings I'm not 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 you're one and asked 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. Security suffered securities America incorporated member finreg SIPC and advisory services -- securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group 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 and your clients rely on your. But what about when you retire you have a team of dedicated professionals who will care for your clients in the same fashion as you do every dot about a succession plan for your clients our firm the Armstrong advisory group is a regional firm based in Massachusetts and we're looking to build our business through acquisition. We are affiliated with an award winning broker dealer RI AA and we have superior service capabilities we recruit clients in all six New England states and have offices throughout the region making it easy and convenient to set up meetings if you're interested please contact us through our web site Armstrong advisory group dot com or call 803934001. Our advisors have over 100 years of combined experience in the financial services industry call us today at 803934001. Or visit us online at Armstrong advisory group dot com securities offered to secure America incorporated member and as a BC and buy a service as a securities America advisors incorporated Barry Armstrong represented arms organized a group in the securities America companies are unaffiliated. Do they are better than one that everyone knows that that's where offering two gallons per one ticket. You can add cash and a wild cat mounts in the game day Imus. They're just twenty minutes apart in the number ones found in meat. Q now in the once again WR downhill this winner at added tax and lap cat nap. 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 28 team the news is it's gone up to 151000. Seems to go up about every 34 years got to make up by thousand and our legal guys sell. They'll be 151000. You can give away. And what that means from an IRS perspective is that you. Do not need to finally get 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 do I have to clear as the recipient that's a question out and yet you know mom gives their son. 101000 dollars and then that subtle call me settlement on game do you a 101000 dollars to add 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 get your assets you don't run afoul of the Internal Revenue Service or Medicaid. Call Cushing handle unity 668485699. Or download the guide right now at legal exchange showed dot com net. 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 TFD show you. Breaking business news is always first right here on the financial exchange radio network. Friday the break we talked about how. Amazon's Alexa. Was selling millions of units including one in John's house. Well while never goes there apple has Saturday when these. Aaliyah had one for the year just he's a big fan of Lexington where both worked all the likes of you really changed man. IE. I mean I moved recently and I haven't plugged Alexa back in good don't have and have a bit and rush deployed a back channel beyond what it did use it what you use it for mostly music and stuff on music and cooking. Cooking you cook how tells how ultimately I'm a good apparently helped ground. Alexis set a timer for half hour he's after the attack you know I have my hand a current brought chickens. Yet. My wife uses it for cooking all the time Alexa time for fifteen minutes yet can I just have a voice activated one that isn't creepy. Now. This election is a beautiful he's. You can choose voices to unite and fight a losing battle on this one but I'm I'm I'm not going down that rules and here's. Here's the thing the creepy this exists for all these voice assistants that I don't like any of them. I don't like any of them but the that you stand at the is still very 1984 to me but that the choice that that talkers may not made as if we're gonna have a creepiest assistant. Mazda when it's cheap. Am like is anyway app so there's for 350. Dollars yeah yeah youths beat you could be have a creepy assistant Costa ten times as much so as not to lift yourself for 350 and they missed the holiday season but that's great. It's it. You see what's happening with apple and yeah I effectiveness store here that one apple shareholder says he's more confident the company that he was a year ago except for one quote huge failure. Not shipping go home Claude in time for the holidays. Apple's response might be nobody wants the home Claude that's why we didn't shoot it they were confident their product how the pricing if they were there he screwed around without Paul how iPhone fives and slower down Howard pricing at this much expecting cell. That's a great question I think apple really made him a step on this because it was what do for 350 that I can't do for 25 bucks with a neck down. Well you can just get an echo dot. Right you want me to know you'd have a dot you you don't need election and you don't need the I mean the speakers not decorated you can get a thought of it while I guess you want the act which I think is eighty bucks yet what do I get for 350 that don't get a nothing I think and that's I think as the echoes what I got initially like eighty bucks my impression is just a better quality speaker all right us. Out you know what the 220 dollars more. Or better speaker. You know the speaker on the echo. The one that's eighty boxed it's very good effort good itself stand up and we'll I was music and old time and it is outstanding. Our deputy speaker the answer is I don't know why people would rationally spend 349 dollars. For the apple product other than you know apple does get a lot of business. From people who just like having everything in the same ecosystem it's like the same language the interface is consistent. And so. But again I only know white use it for racism and likeness like the interface your voice exactly the I mean I have an android voice or an apple voice that's if the boy you know if if you wanna control Smartphone things you can do that from your phone if you want it like I just don't see. Then the board and this is a problem with Google has with their product as well. There are other you know virtual assistants out there and I think you know Amazon was very Smart getting this. In the hands of everybody they've made it mainstream. Once people get used to using it they're gonna stick went to have any Smart appliances. Or anything like that bill we don't know. But that's it. So anyway to make it that the ones that if there couple that particularly. You know. Cook migrants a little bit no pun intend to. It the the first is that the Smart refrigerator where it's like you can check off like what you need to buy at the grocery stores. It was a pen not good enough I need a screen in order like. It doesn't save me any time booked anything after searched through the list to be like okay where the hacker green beans take seem to want there with the. This marks for urged though is that it's pretty Coulter at the story like a crack dirt today during need milk and you can look on your camera on the fridge and seized his Milken for which the. What do you look before you left at different cut. Before finally I've yeah it's what what what what am I gonna pay for this luxury business this essential luxury of not or 7000 dollars towards without guards should know that I actually need milk I don't out of us otherwise would have known the dumbest one is still the Smart law that you could unlock from your phone like only delivery guys here yet or the guys not the delivery guys dressed in the delivery I costume is there would have been with a fake packets to be can steal all your craft. Correct. Yeah this is this is where we're going but it's like it if it's cool. That's actually an interest in thoughts of let's say you have one of these you know cameras. That is outside your house and and to let people in. And UPS guys actually UPS guy. You're whipping the benefit of a Alec. This is why don't like this technology yeah it's not so much the technology I don't like it's the human element which is always the weakest link. I just don't like the fact that the stopped attacked. People get in there yeah it's like the human messed with my mil has a knack. Yeah hasn't been back again am I getting about it do actually have like five gallons of milk at home and it's telling me I mean if Tucker hacked and used. Now relics there is a picture is right. Tucker came just talkers refrigerator and came out of a break all of your milk and then put a picture of what it's like speed where they tip over the film pick up some more milk for me I just ripe old George. John I just actor Mark Plotkin drink your milk help. None of this is yours a place soothing music or Don. From pandora right. If this is the world that we are going into and it's buying I'm sort of like I am so much grow up. You know Alexi does play oceans sounds it's really who you heard no I actually go to sleep laden rights. A selects a player ocean sounds. She pauses for a long time and it puts on a Sharkey and when. And I hear this intelligence this is just a cigarette boat by. A helicopters everywhere oil rigs drilling if it. But if you kept it likely is no visuals but. The nice thing is that please it is and it's softer and softer and guys screaming at the beach. And then she turns off like after I go to sleep. And I never hear when a man doesn't know when you go to sleep that always. Oh amazing. That I never like 08. The thing off I don't know its enforcement is not so re like. I know I have we've you guys are comfortable with this she puts you to sleep you realize that someone in their house right now has our show on product is listening to Estes is there Alexa is plotting to kill all three of us right now. Because we're saying this so. Well we're trying to get the good part of Alexa because we you know we're kind of rip Don are a little bit here. And the bottom line is Alexa as well as much as we complain about you. We would not spend ten times more to get home broad. That's that's that's the moral of the story here no we would not quick word on behalf of leader thank god there is a another great reason to call leader bank this week. They've a brand new offer which is 821 months he diesel less than two years with an annual percentage yield of one point 75%. You need a minimum balance of a thousand dollars to open the account and earned AP wire to take advantage of leader bank's new certificate of deposit. Grow your savings today again annual percentage yield is one point 75% with a minimum of a thousand dollars to open the account and for more information. Call your bank at 877691. 7900. That's 8776917900. Blog on the leader bank dot com. These could reduce earnings in a penalty maybe imposed early withdrawal leader bank a step ahead member FDIC. Equal housing lender. Quick break now and then we come back big box Rubin from CNET is gonna join us. Talking about the Consumer Electronics Show all the hottest devices that are coming out 28 team. Including maybe new elects you whet my appetite for that one of its that's coming up right after this break on the financial exchange radio network. The financial exchanges lying on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. Is financial exchange radio network if you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks mostly in the words 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 acquired does he ran technology tell them a call this he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visits he Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi this is very Armstrong and if you're a regular listener to my show you know that I talked a great deal about Smart retirement planning each year certain limits are set by the government and these key numbers are critical for you 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 that can help you and areas of retirement planning 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 suffer through securities America incorporated member finreg SIPC and advisory services are through through securities America advisors incorporated Barry Armstrong represented Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. A key part of executing a sound state plan is making sure you take care of your family. Legacy claiming his painful because it forces us to think about living without loved ones but taking the time to understand the best ways to plan will help your family when that awful time comes we're going to leave our children in the best possible shape. But -- our assets especially at home or vacation property can create huge capital gains tax problem of the kids choose to sell the home we all know the old phrase we can't take it with us and that inspires people to start giving assets away as gifts they can be a good strategy but the devil is in the details Cushing -- Dolan has written a brand new guide that explains gifting strategies is free by calling 8668485699. That's 8668485699. You go also download a copy on our website at legal exchange showed dot com if you worked hard and have accumulated wealth take the time to get our guide and learn how to keep that wealth and your family the right way call 8668485699. Or downloaded right now -- legal exchange showed dot com. We're overall 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 Titus 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 Smart meaningful investment in addition to being a great gift for someone you love co leader -- 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 not guaranteed by the bank and may go down in value leader banked a step ahead. Security suffered two securities America member finreg SIPC. Advisory services arbiters securities America advisors Gerry Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated. They say video adds ten pounds. But don't tell Berrian jogging the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. Consumer Electronics Show starts next week and is he. Biggest electronics show of the year telling you what's coming up 428 team. And then proxy Rubin from CNET news here it gives a preview of what to expect at CES twenty team Ben thanks coming down. Yeah then the these you know electronics shows they they typically Elton to have you know a big theme to them remember few years ago was 3-D TV which fizzled out. Then it was wearable last year was. You know these these Smart home devices. What are we expecting to see this what what's the major ports that product makers are going to have. But the good question and I would probably say without knowing what a 100% certainty. That we're gonna be even more Marco dot. It is a big show especially for smaller players the companies that aren't particularly well known for being in fact. Burned out and partnerships like competing companies but what role will open he Eden. And give them an opportunity to say hey war all all about fact why don't we try to make your home with a bit smarter more Internet connected. Would simply consistent in what you do hopefully today it was a bit easier. You know we we've got a lot of talk about the Smart home and obviously that's an area of great growth but we're kind of joking here but BF. Lack of urgency that we see in in in making our homes Smart. What are a couple of the really cool applications. That you think will become like must taps or are must ads. There are and again at bat at a very good. Question about that a lot of marketing technology particularly that often aren't those. Mark speakers might be in the audit echo words he could go home. Are pretty bright either pretty expensive and I would hesitate to tell anybody anywhere and and family that. I'd have to bite me I wouldn't even need an Amazon echo in here how I have three in my house. And I really like them and they're very polite it let me just you know yelled at that thing to play music by. You need it won't need a mark I don't really know that were really ill yet. There's been a lot of the passion about killer apps. With these devices and I don't really think that. So rapidly among law and by. The longer be have been. In people's lives the more people use them on a regular basis for a lot more daily habit the daily routine. Committee in aggregate people will start to view them out but. Looking at some of the technologies that we've seen. Develop in 20171. Of the big ones was facial recognition software where's that going in 2018 any expectations there at the show. Yeah it it there's going to be more. Would that would be apple. IPhone and people are getting much more used to be I'd be which is a facial recognition system that you used either paper back home. War also got unlucky. I think that helped to really push facial recognition into the mainstream people a lot more comfortable with that. You're probably gonna be a lot more that the problem is is that. Privacy tradeoff of being able to use your face and visit the password. Are people really get the ball hit back and and be a little bit annoyed that the technology companies now want more of biometric information. City your W visited their devices. But giving beauty and fashion products is an area that could be next. Up to our there was a lot of that in the when I've been in show on the that I personal it was a little bit silly for and then there was this mark hair brush. It was announced on seventeen collector. I brush your hair and did you like air air. But also it is the price issue that people do people really when I wore an electronic air brush and also is that date really useful though. You probably go to war beauty in action outside the eco activists finish it was police assistant is that something that I use my life I thought the sort of people that probably get a thing you know. The Smart mirrors was kind of interesting. The other part here is as cool. Amazon also make this thing called the Amazon Ecko bought. That tells you what outfit looked better he had made it a picture and uses. Artificial intelligence and try to Herman. Now what your outfit looked like though is if you count the money to spend all that other than that you really interest than an hour and a bank. It is neat and it panic whenever I had a bad bill back in it lightly. Ben is there anything new coming for offered TVs at this point that the big change the last couple years more these four Kate TVs. Is there anything that's next there we pretty much PTV for the next. OK unfortunately. We are absolutely not and pick he beauty and you will probably be a lot war don't really understand the pack at the show. He is known for being big on movies there was like wallpaper television that. All the show in the twin seventeen show you've been really really then you just. He's been on your wall. You're probably gonna be a lot more technology to make it means a lot clearer and a lot sharper so book where. OLED technology. You have to be technology oddity that acronym. Let the basically have smaller and smaller pixels. They could bring a lot this year. But again I think the technology may be running out of the product the little that I I've had a four KTV for like a year and a half and it's great for watching YouTube videos. I mean there's there's that is not the because no one's broadcasting at fort gay and I just for you off. Yeah that true for example at a chicken and I guess you know where for fate now and I'm by and he'd be at eight and so we all that I didn't. Start go ahead we all now so let's let's guesstimate. I totally I totally agree you and I'm absolutely is more vodka in port the funny thing is is that that the company. Are now pushing. CK five day that are already I think that the odd that you hadn't been more a bullet belt. By. I would battling back and when he does he work and in port. But you're gonna have to get closer closes brings actually do it all the it will that you pay. It just what we need. Ben thank you for the time will catch up with the and 2018. A abstinence that's been thought to read from CNET talking about CES 2018 you know the something that about that you the kid next door showing is trip to Disney world in four K on his telephone debit CBS can't let CBS can't do this and it's it's two year old technology that bad is now mainstream you know it's going to be interesting actually is we get more four K content especially with more people streaming in go through cable and do we have the bandwidth work. That's going to be a big issue. Yeah where is it and when you're working video is it is the requirements are massive and this brings about the whole net neutrality issue and you know should everybody have the right to be an epilogue. You know this there's going to be a lot of debates about you know who gets to use that and and and how much it's gonna take from there we're gonna say queen to Kim Kardashian and her Christmas presents. Is this a indicator remark atop. Kim Kardashian and stocking filters thrillers from Kanye West include Amazon Disney and Apple's stock when I heard about this I thought. This is not stocking stoppers wish you don't get. This is this this may market top indicate remember when Gisele Bundchen insisted on being paid in euros yup that called the exact top in the Euro. It peaked when Gisele call for that. I just hope that we don't say the same thing about that was back in the late 07 I think and it never recovered it was like 135 and we've been looking to hire at like 150. She called a young Claudia in the 140s yeah and it's been nowhere near that. And by the way is on the longer at system being paid in euros now. Shall take cash. The US dollars up the superbly twenties equal opportunity we'll hear it but it's it is interesting like you look at this it's okay. Hi if if if you're seeing this gifting of stocks they ought to do you were so much. Are we reaching a peak yet you know in and again you never know but I always say when it went says nothing can go wrong. That's what the market's most overpriced ya when she went when she says I don't want me to do with stocks because they never coop that's when you buy that's we wanna watch that's what anybody guard Ashley and gone negative won't be happy. Little depressing and wanna wish ill on anyone else about this time her yes. That's all the time we have for this hour of the financial exchange was back right here tomorrow from the financial exchange radio network.