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Full Show 1-8-18

Jan 8, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day I can. And now the financial exchange with the Berry Armstrong and chuck Exxon. When he eighteen is off to the best start for stocks. Any time that we've seen since going to act 2006. Getting off to a really good start this year. We are also covering a story regarding construction. Boom when he eighteenth going to be a banner year for the construction industry. And we have one story that's not so hot especially for New England. Pfizer is going to be making some way hi everybody it's Berrian truck with you here on a Monday morning and some of it go to the stock market get off to a terrific start in twenty team. Yeah a big finish to what to Friday and obviously the Dow up 220 points on Friday. Giving back a little bit today I think is this market tries to figure out. You know where it's going from here but obviously you know the first four days in 28 team very strong to this point. And in particular you're seeing a little bit of a rotation away from some of the growth names that really dominated 27 team. And some more value oriented names picking up a little bit of growth in 2018 so far. Remains to be seen if that trend continues but you know good news for a lot of folks who maybe didn't own apple or Amazon last year and are now seeing some other stocks picking up the slot. You know what's you when you when you look at what's happening. And you think about where we were just five years ago when people were really struggling to find jobs and find work. Now we've repeatedly hear reports that started last summer. Where the restaurant owners couldn't find workers yet now we're hearing the same thing to where we're hearing. You know worker shortages in many different sectors seems. Yeah I mean if across the board we've been talking about construction for the last you know year or so where we haven't been able to find enough construction workers. You know obviously brought restaurants you mentioned but even you know service related industries you're starting to see a lot more of that as well and that's really interesting to see. Just as we haven't really seen that. Since a game kind of 20052006. So it's been a little bit more than a decade since we've kind of been in this position here. And you know obviously if you or a worker right now. Probably a pretty bullish time to be going out negotiating new dealer finding a new place to go that may pay you a little bit more. And so I'm curious to see what impact that has on company's bottom lines because obviously earnings have been very good but you start to sit there and say. Paid a certain point assessed again passed through to workers just because it hasn't been to this point. What company seemed to be taking the lead we keep every day almost we see your report late today Webster bank is reporting it. They're gonna be giving bonuses to all their employees and raising their minimum wage to fifteen dollars an hour or so that seems to be if it as an observer. I'm looking at those stories saying. These CEOs debt they need to do things to retain their workers. And so you know AT&T did jetBlue did it now Webster bank is doing where there. Giving workers raise that didn't volunteer they're saying hey everybody gets a thousand bucks sometime in the first quarter of the year and by the way if we used to hire tellers at twelve bucks an hour it's not going to be fifteen dollars an hour. Because of that competition you referenced for workers. Boy and I think part of you know what this also factors into was obviously earnings have been very good over the last couple quarters now and so part of this. Is if you're not passing those earnings back to workers at a certain point you start to get a little bit of resentment if your workers saying gee everything's going great and I'm still making the same amount. That's that's when workers start to decide hey am I gonna jump ship. Do you guys remember last week we asked a question and it was a big kind of a voluntary poll question on the text line and attacks on the 68680. We're trying to determine. What people were paying for home heating oil on average in with their latest delivery cost us and I talked to. My daughter who got a delivery over the weekend in her prices over three dollars a gallon what kind of poll results that we get or do you guys remember from last week it's it's been so. More of a mixed bag anywhere BL and high two's the low three's. Tucker what what do you use for he. I get a use gas or gas now up on gas is well sales I don't I don't follow mom BO heating oil prices as much as I probably should. But I think we're generally and high two's the low three's. You go to New Hampshire. Where they don't have a lot of natural gas are down to the plate he. You'll see a lot of people that are getting stock a stock and at Lambert this morning from from the cape and he told me he said. You know beat personal furnaces running twenty force rightly that you go home you've turned the heat down in difficult say analysts money. It dark furnaces running because it's been so cold day this this Friday we're going to be fifty degrees though I believe. Can feel it heats the Anglican he had a I've got my shorts and sandals ready to go. Well might my point news. You know the these this will price spike is really catching a lot of consumers including me. By surprise I had budget my wife and I to a budget every year she said how much should I budget for home meaningless that while a figure. The the you know consumption will be about the same and I figured our price would be around 249 a gallon. We're not paid to 49 or pain over three dollars to get on and our consumption is nowhere near what that would be. We've already gone through what I thought we would blow through by the middle of February terms of oil consumption. How much of that so I mean obviously a lot of that is just due to the recent cold weather that we've had an and we know that the whole winter isn't gonna be negative ten degree. It's knowing nobody it it's still when you start off behind the eight ball like that right they let's say. Unity get to the ended January party burned through your oil budget. Right you're sitting there February you're you're gonna run that he went through middle of April end of April. Yeah I mean again I look at and and these things tend to even out over time and an egg it's going to be fifty degrees later this week. And you know like how much he'd do you really use on a day like that. You're it's based if that's only during the day to be down in the thirties at night. But but again like it's it's fit like these things even out you know it's that we we always have those one or two cold weeks a year this year they came a little bit earlier and and I don't know I I don't get to be you know focused on one. It's easier for you to say your natural gas a soccer's on oil. We are enters nosy like if you were to try to heat your house with oil look at the cost. A lot more expensive that's why I don't. Sports have. We our poll question today mr. Silva is hallowed be your heat or cold I don't know is it too early to get any results of its oil or natural gas. Gets a little too early. On you know a vote on financial exchange showed oracle. Idea I just think you're gonna see. These home heating oil prices pretty high and on that project through the middle march. I think it probably stay high you know just just because he is it is something where. In order to now just you know meet some of that additional demand this early in the season has a lot of times you know people have to get a refill. It might not be until March normally where they may may just need to refill little bit more quickly now. And so that is one thing where all of a sudden says okay we need to spool up and change our refining patterns a little bit and that does that a little bit of. Cost on the well in the supply is what the supply is rightly gave the if you talk to the oilman. My next door neighbors and oilman and he would tell you look weak forecast finally. We I do right he says we forecast for a need to spiked oil and when they get these cold snaps. The they have to go to alternative sources for getting their whole he'd eagle so a lot of people get mad these at all. And you know I don't like my a super easy oil anymore you know what the Derrick Derrick that the middle me. And they're getting charged more and that's why you're paying more for your home right. Right at any rate. By all measures. A construction boom is shaping up for twenty team this is one of those good news bad news story good news is. The real lot of work in construction those are good jobs that give you look at the average wage over the wing casino we'd think 3040 bucks an hour. When your all and including benefits but it's close to forty. Or more now for more for skilled right if your electrician working over there a pipe fitter you are if your pipe fitter. IV. It's going to be XX significantly more than forty dollars an hour yeah. But there's a shortage of workers the the year the B amount of people that it entered this field has just true year after year after year. And they don't have Internet the workers to do the job. We you do have to figure if you are in that industry. And looking for worker even if you're not looking for work you should be able to demand a higher wage simply because. There are enough people with those skills right now you and I have talked the last couple years. About how we do not have enough people going into the trades is not enough plumbers on the floor persons not enough HVAC guys. And at this point of view or one of those people with those skills if you've got your licenses and you say hey look. I can do job X wires C you're sitting there saying. You have to pay me now because otherwise I don't think you're gonna find anyone. We're gonna go to your boss and you're gonna say look. Here's my offer a I saw this with the young man and he works as a team mechanics and automobile McKee. And another dealership. Offered him significantly more money to go and work for that other dealership. And the game of bonus signing books if you go to work the better of the dealership. Went to his bosses that look like work and here but this other auto dealership is paying me you know a lot more money. Amy were I'm gonna walk and you know what he walked in now the dealer that let him go. Is calling him trying to get him to come back at a much higher wage than what he left four knots so I was. It's it if it's nice to see because we haven't seen this type of labor market chuck. Since the 1990s that's how long it's been since we've had this height of labor market. And in what I'm curious to know some people are saying well it's it's getting to the point where it's it's not sustainable. But I also look at the fact that you're continuing to see baby boomers retiring. And that's something is the number of retirements that we are seeing now is something that we haven't seen. And so you look at that you say you could have some real wage pressure keeping wages high. For a while I mean I guess there's some real opportunity there not just for the next near a month or two word you know six months. You sit there and say look this could be a long term trend regardless of where the economy goes. You still probably gonna need workers just as all those boomers are gonna be retiring in the neck. Decade we you know what's interesting is the construction companies in the National Association of Realtors. Are going to their legislators and saying hey we need immigration because a lot of these jobs right if you think back you know last 200 years a lot of these. Really tough manual labor jobs. Have traditionally been done by immigrants whether it's the Irish immigrants the Italian immigrants. But there are done by immigrants kept right and now we've kind of shattered the worse and we don't have the open immigration policy that we've had in the past. So it's gonna constrict supply in you know week the the positive side is it should have a very good impact on labor participation. But boy in the past we've relied on immigrants to do these jobs. Yeah I mean the big question is that labor participation rates specifically in that 25 to 54 age range. I did finally we got the updated number four December. 81 point 8% so we're still about 1% below where we want to be there's there's still. You know million and a half people they're sitting there on the sidelines that historically would be in the in the work. Worst but I think he could find chuck it that's all drugs and alcohol for chemical dependency communities cordon that Princeton study the big John they were. Did that I think there are saying net as much as two million people are addicted to either alcohol or drugs and and keeping them on the work there's there's there's a big chunk that is due to that it is absolutely true. Coming up we're gonna talk about Pfizer they're going to be having some layoffs in both in Dover Massachusetts and in Groton Connecticut that's next from the financial exchange radio network. Markets are high. But questions remain about whether or correction is coming. We've got you covered every day with what size and what's not from Michael Armstrong morning's in 1030 only on the financial exchange radio network. As we age long term care is something to make sure you claimed for how quickly we your assets being depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing home study and you haven't done your planning yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and dole and has been helping families just like yours protect their assets for more than thirty years and they put together in new guide for this month called claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed judge John. The calendar has turned and a new year is here it's time for us to reflect back on the year that was and the year habits to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and have written a brand new guide that will help you look back on the successes we've experienced and the failure that we need to correct in order for. All of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Juries are for securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Our our strong here and I'm joined by estate planning attorney Todd let's keep from law firm of Cushing and old were talking about last minute planning techniques can help save your assets and you know in the past Todd we've talked about married couples. What does somebody do that single or widowed or divorced. And they had assets and they may have children amen I have nieces and nephews they may have favorite charities that it would they wanna leave their money shall. But the get sick of their nursing home in the bills or company. And you know this is why we stress so much to folks to families that that when they're in this situation. Don't just write the check. And I think there's nothing can be done I know you think in the five year rule and all that stuff you don't have to do. Seek out you know an elder law attorney and and find out what can be done in this case. I would probably say. House non accountable. If I check box than you intend to return home a little lean on it but it's not accountable so that's good but it's the money that I worry about them so if they've got money that what you need to do is you either can do and other annuity. An annuity is a technique that allowed you to pine annuity and have money pay out as an income stream. Choose the institution and the usual yet you lose the income stream while you're in the nurse yes that income does go to the nursing home. But they're on Medicaid instead of on private pay what you can look at these pooled trust as you might be really old and if you're like in your late 80s90s annuities aren't gonna work right so that you need to go to this pooled trust idea. Put money in the air. And still get on Medicaid as well but they'll have a payback provision but at least two beyond that even single people can protect their assets last minute howdy do so well he call Cushing in dole and an 8668485699. And you request their guide last minute planning techniques that can help seed your assets if you want to guide right now simply go to legal exchange showed dot com and it's legal exchange showed dot com or call them tool free. Andy 668485699. Security suffered through securities America ain't members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange for Berrian judges live on FaceBook and YouTube every morning beginning at ten. This is the financial exchange radio network. Pfizer is one of the largest drug companies in the world there are major employer in New England ms. Lots of workers both in Connecticut and in Massachusetts perhaps in other New England states. And it sounds to me jock is if Spicer is throwing in the towel in terms of their research on alzheimer's. It certainly does laying off 300 employees in Cambridge and Andover. Over the next few months and those employees focused. Primarily on treatments for alzheimer's and parkinson's. And in five or has thrown a ton of money. At these areas trying to find solutions. To these diseases and to me obviously the job losses one thing button if you have a company like Pfizer effectively saying look we give up we can't figure this out. Think it's just a little discouraging is that. It is and you get five and a half million. Americans today chuck when you think about that. Right five and a half million Americans today apple customers. To big it's it's it's a huge number and it's expensive it's it's the most if you talk to. Somebody who runs a nursing home. They'll tell you okay well you know our acute care cost is this apparently you know our younger at different levels care they provide for their patience right. And then we'll talk about the wing where that. Part of the nursing homes that they have just for alzheimer's patients. And it's exponentially higher you might be a week it could be a 12850%. More expensive. In standard care that they're delivering so an idea five and a half million Americans with alzheimer's. And no cure in sight indeed get that one of the biggest drug companies in the world that are saying there waving the white flight. Well in and I think what's so frustrating for a lot of drug companies is you know every couple years you hear OK we think we've identified this you know process that causes that are we think we've identified this process that causes alzheimer's. In it every one about two or three years later it's well it actually wasn't what we thought it was in India is just it seems to be just one false start after another. And I think part of is it just speaks of the fact that we still don't understand how the human brain works very well you know it's just it's just we we don't. Have as much knowledge on as we thought we did. Lot of doctors are suggesting that your lifestyle leading up to your senior years has a lot to do with it. Write your diet your exercise that the your interaction with other people what they say is is that a contributing factor turkeys is hearing loss. You know it's always always. It that there's there's a lot that's been researched on the topic but to your point. Very little progress being made in terms of an actual cure note to me you look at the strides that we've made in treating things you know like heart disease and cancer over the last fifty years. Alzheimer's or parkinson's were still kind of its square warned. And and we are cut a deal to talk about Celgene. Has agreed to by both led disease biotechnology company. Impact bio medicines birth much is seven billion dollars so this is a contingency deal. Based on whether or not they can and this other company can come up with a drug. Yes Celgene spending about one point one billion an upfront payments in the remainder of the payments are tied to approvals. On certain drugs that impact is developing and that they have in their pipeline. At the moment and so Celgene BO one of the biggest Biotech companies in the country. And they are trying to BO effectively buy up. You know future products that they think fit well in two. Bear portfolio the big question for them obviously and in why they structured the deal this way is. The company they're buying here it's still a pre revenue company there's still you know effectively trying to develop these drugs they're not you know buying anything that is he in in use at the moment. Well in Celgene will be the provider of capital so they continue and continue their research yes it is and that's that's of those deals work. And you know Celgene wouldn't do it unless they believed in the drugs in this week in mostly east did it if makes didn't see something in the development. Mental state as they they would be investing Scott Dohmann. Exactly soak it in my guess I don't know the specifics of these two companies but my guess is they probably worked together before. You know on some funding or different things along those lines and so Celgene probably is pretty plugged in is the what's going on with him back. You know what you hear on the campaign trail is frequently a lot different. Then reality once a president is sworn into office and if you were call folks president trump during the campaign cities and Tareq the NAFTA agreement and traction and well that that told has changed. American farmers have been lobbying him in support of the North American Free Trade Agreement and let me tell you why I wrote the numbers down here. In 2000 at sixteen and the United States sent sixteen point four billion dollars in agricultural. And food products to Mexico. And 23 point four billion dollars in Canada in farmers were big supporters of president trump. Yeah and and you look at this and obviously in particular I know that up pig farmers have massive exports down to Mexico. And the concern is look if we're trying to figure out you know a a renegotiation of NAFTA. Farmers don't wanna get caught in the middle of that and say gee now we have to end up you know closing off part of the market that we used to sell to just because our costs are higher because of tariffs coming. So it's. Yeah you see the administration trying to walk this tight ropes somewhat saying look we've we don't want to alienate farmers who largely you know comprise part of our base. Well I would tell you in the end of the first quarter sometime in the second quarter. You're gonna see is back pedal on the Morgan and at saint staying with the deal that the very few changes made to it just because it's too complicated. Coming up we're talk about low unemployment and how it's impacting mainly factor next. And followers on Twitter. Show breaking business news is always first right here on the financial exchange radio network. 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Subject to credit approval leader bank a step ahead. As we age long term care is something to make sure you claimed four. How quickly we your assets being depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing home stay and you haven't done your claiming yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and dole and has been helping families just like yours protect their assets for more than thirty years and they put together in new guide for this month told claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed John John. 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Or email BBO at leader bank dot com for more information member FDIC equal housing lender. And now Wall Street watch a look at the market's performance so far today you don't marry him jog right here on the financial exchange radio network. Michael Armstrong joins us now for Wall Street want to get you up to speed on the biggest stories move in the markets and like let's start first with the holes what are we seeing from them. Yet they had a pretty good holiday sales season maybe the public sales rose six point 9% Europe the year which yes mysteries significantly they also raise their 2070 fiscally it was tempting guidance. Stopped at the dollar and five cents or 3.4 percent on the news. On the other side of the equation go pro one of these tech companies that I PO to much fanfare about a couple years ago now. Is down 20%. In trading today how come. Yeah I did they IPO back in June between fourteen and you're right you know the stock went way up on this you know revolutionary new camera idea that was also a bit of social media platforms people share videos. They offer we guidance and they put their workforce by 20% and did you know really intense competition they had been into the drone business and they are completely exit that business. They stop was moving so significantly that tree it was also actually halted on it it's resumed trading the stock down one point five one dollar fifty cents or 20% on the news. Or goodwill Mike thank you very much for the time thank you. Michael Armstrong with Walter watch now and go pro just a reminder this company back in September of 2014. It was 93 dollars a share today it is six dollars a share so when someone says have got this great IPO. It's the next FaceBook. Sometimes it is a lot of times most times it isn't be careful. Speaking of go pro with blue apron space let's hold them up and take a look and see where they are blue apron. Is now three dollars and 69 cents per share. That is up slightly from November where was down around three dollars a share. But he still well off the IPO price of ten in well below that. Fifteen to seventeen dollar range where they wanted. To price their IPO with with any of these IPOs people get all caught up in the excitement they say this this company's revolutionary it's gonna change XY and Z. There's two problems first of all most companies don't really change a whole lot second execution is hard yes and that day I think. We talked about the blue apron. Companies need to challenge they had was there that your media keep their Custer they've they've they can't keep them there and that it it speaks to when you can't keep customers. It means that either the have a product that people don't want which I don't think is the case or that the price is too high which is what I think is the big problem there. Thank goodness Tucker Silva keeps track of my predictions because now and then one comes correct. And that was exit oil would hit sixty dollars a barrel it's done just that. And that on the heels of our whole letter in DC or poll results of our tracked I did. We are pulled its up right now on financial exchange show dot com. Is asking pretty heat your home gas or oil. And right now oil is beyond the big winner with 64%. Of our listeners saying they heat their home with oil 36%. Saying. That they use gas I use gas myself Tucker you are gases well out of gas ramps and barrier oil. I am oil turmoil and and I played the wing your heating your home with oil. Your heels in the pitch again anybody texted with the pain for oil home heating up there with the latest analyst I haven't seen any on that at this point no. Here because this is what you know what ends up happening here beginning of the year you can go to your oil company can say while wanna lock in my price war and yet it float yup. And you know I probably should locked in my price or just bought it in advance you can do that to be good here oil companies write our by. 2000 gallons that you know to media count. There battling many people did that because prices have been low for what three years now live it. It was also was a warm fall I think a lot of people probably you know we're sitting there and it was seventy degrees in early November saying yes it's gonna be an easy winter and then all of a sudden you wake up and it's negative ten degrees on a Saturday and ego oops. My bad. Low unemployment. Strains industries like manufacturing. This is an ironic story but again. It's it's the have have you know. You've been working with us for a few years now on the radio show track yeah. Years ago it was always you know there's no jobs no opportunity now it seems like every day were doing a story on worker shortages. Yen and in particular with manufacturing it's a couple things the first is the overall low unemployment rate but the second piece that factors in here. Is the fact that the dollars we can significantly as well. Now okay and silly weaker US dollar makes US manufacturing more competitive. If you take a look at a chart for the dollar compared to other global currencies since December of seventeen city go back twelve months. The dollar has declined about 13%. Yes that's. That's pretty significant what that means is that if you are trying to sell into Europe we're trying to sell in the eighties are you trying to sell and South America. Goods that are made in the US are more competitive today than they were a year ago and I think that trend is likely going to continue I think that you know there's still is room for US manufacturing to run I still think there's room for that dollar to move down a little bit further. In wit that if you or someone with skills in the manufacturing sector. I think it's going to be a good couple years for. Well and even if you don't have. Skills now the company's shark are going into the high schools and they're gently. You know you're in tenth grade and you know may be that not everybody is something that gets overshadowed particularly in New England where we tend to be education snobs. The the not everybody should go to college not everybody should go in get a business degree or not everybody should become. Psychology major not a reason to be a doctor a lawyer computer program there's nothing wrong. Would it did in high school deciding to. Become an electrician that nearly eight bit. For fur I can tell you it in the town were raised like it struck. Very rarely do you see those conversations Kirk. Bury you you don't see an awful lot and sometimes I feel. A lot of parents who may have worked in the trades may even dissuade their kids from doing it sometimes just 'cause it is a physically taxing. Industry in a lot of cases you can ought to plumbers in a lot of them are beat up by the time they're in their late fifties sure and so I think a lot of parents who go through that experience say. Paid it was good for me but maybe we can find something that doesn't beat you up quite as much but. I have 100% agree with you that we have not been sending nearly enough kids to trade schools. And beyond that. I think that we are pushing a lot of kids in the college. That don't have any business going there they could be perfectly happy saying look I am an electrician and I do a really good job and I am able to provide my family that way. Enact and then by the way my job can't be outsourced. That's right if you're carpenter jobs can be outsourced if you're an HTC. And those guys have been working overtime. For the last thirty so yeah it's it's it's been busy for them so. Obviously you know when you look at this if you or someone new with any of those skills or want to tour in the skills to good time. Cheers to good times quick message on behalf of Armstrong advisory group. The calendars turned and it is a new year here and it's it's time for us to reflect back on the year that was and also look forward for the year that has yet to come. And I'd like to ask you also reflect on your financial wellbeing and your investment strategy as we head into 2018 the markets while still volatile. We're incredibly resilient they rose to heights that we've never seen before and in spite of challenges that still exists both globally and here at home. When he team holds a great. Deal of promise there's a brand new guide that's out right now that'll help you look back on the successes that we've gone through. And also on the failures that we need to correct in order for all of our portfolios. To remain strong and grow which called the 2017. Year in review. And 2018 forecast. In get your free copy by calling 80393. 4001. That's 803934001. Or download right now at Armstrong advisory dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Chuck did you know that the unemployment rate has dropped to its lowest rate in seventeen years. I didn't know was quick at that point but it's it's not surprising right now. Well each year a couple factors that are influencing this one. You reference labor participation in the 2554. Yes on back to normal right you know still. Lights in and you know whether it's people dealing with drug addictions in chemical dependency I don't know that's the answer but for some reason 2554. Are not working. But the other problem that's coming up now is. My generation. You know guys that are 58. You referenced the plumber right over a buddy who's who's now 62 he retired five years ago as a plumber just because he. Physically couldn't do that job anymore. You you see a ton of that. You know it's it's something that you see quite often and you know when you look at where this the workforce is right now one thing that I do think will and a balancing things out here because I do think. That we probably don't have enough workers who are able to to do all the jobs that we have out there right now. I do think automation is is the ER the X-Factor that you have to think about here because you know we've seen. The rise of things like kiosks in in fast food restaurants you're starting to see that trickle into. More upscale restaurants as well. But then also you talked about okay automation as far as driver was vehicles and and trucking in what it does there and all of a sudden you sit there and say. You know generally. These things tend to end up working out in such a way where if we don't have jobs if we don't have people to fill jobs will build technology if. Well and into your point if it lets see they did driver's job goes away right the Hooper drivers except. You know I think people are kind of warming up to that idea in their accepting saying OK well eventually robots could be driving UPS for. Well the fact of the matter is there's going to be a lot of other jobs that are much better right the week where you might needs more training. But you'd be able to make more money could be more gratifying work that been sober driver for twelve bucks an hour in order to make. Yeah I'm I think you you always see this kind of disruption to the part that concerns me is the pace of it here is does it hit us more rapidly. Then previous ships because the shift towards these levels of automation it used to be when we talked about you know adding automation and indium machinery and so forth it was to make workers more productive. Now you're talking about cutting workers out of the equation so it's not to say that this is going to be a bad thing necessarily. But it's how quickly can we had just because. We don't like change bear what we don't like change. Don't be in here such outright you're gonna have a shortage. Of registered nurses at negate the consensus is that. You know registered nurses and people the medical field there's shortage stuff today and those are gonna become more cute over time yup and howdy to me. That Lowber driver in retrain them so they can do the same functions as a registered nurse caddie taken. The taxi driver whose jobs are the cashier rate whose job is being eliminated and take pac cashier and retrain that cashier. So she can become a good electrician. That's the channel that the and and how and into your point how rapidly you have to accomplish that task. Bullet a ton of it also its. People have a lot of their identity wrapped up in their job you know you you don't talks among the first thing says Aubin a plumber for eight years I've been you know. It's tough when all was a news they have got to change like that's it's not easy. We have depth programs to retrain them. You eat you know and and you're not gonna re train somebody to be a registered nurse and six months or a year that's gonna take I hope not. What's it take years you know edited to become an. 45 years yelling. So that's that's the challenge is that the re. Retraining. Of the American work force no doubt about it that's that's that's the key thing that we need to figure out the next couple years. It really is he coming up will be joined by. Benjamin Joseph from Morningstar for conversation regarding he mutual fund. That you might want to take a look at for your investment portfolio that is next from the financial exchange radio network. The financial exchanges all over New England go to financial exchange showed dot com and search for the station closest to you. This is the financial exchange radio network. The calendar has turned and a new year is here it's time for us to reflect back on the year that was and the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 -- a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Dirty suffered two securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. As we age long term care is something to make sure you claimed four. How quickly -- your assets be depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and that average cost is expected to increase to 169000. By the year 20/20 six if you or a loved one are faced with an unexpected nursing home study and you haven't done your planning yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and Dolan has been helping families just like yours protect their assets for more than thirty years and they put together in new -- for this month -- claiming for procrastinators. -- are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed done dumb. Hi this is chuck and Mike here from the financial exchange and as we head into 2018. Micah wanna talk about one of the key themes 2017 is that and that was the disruption by technology companies. What a major industries. Yeah it's true you know we talk about the Amazon effect it's not the only one but it certainly was a huge elephant in the room so if you take a look at. In their activity and twice seventeen alone you saw the large purchase of whole foods markets which was you know a very very big disruption to that overall grocery industry. Obviously Amazon and a lot of tech companies they've disrupted retail to this point but now we start hearing about other sectors that are potentially in the firing line so to speak next year healthcare travel all kinds of areas the potential clear risk yeah I mean you really do need to keep an eye on the Amazon effect we talked about retail obviously a Toys 'R' Us is in bankruptcy proceedings Sears JC Penney Macy's all really struggling to keep up and now you're right gathers rumors that there were flying around -- on my. 2018 and beyond folks 2017. Obviously was a great year in the markets but you do need to be prepared for what's coming next and so Armstrong advisory group is put together this great guide titled 2018 the year ahead it is free to get in all you have to do. Is call 80393. 4001. Or go to Armstrong advisory group dot com to download again 80393. 4001. Or Armstrong advisory group dot com. 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 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. They say video pads ten pounds. But don't tell Barry in charge in the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. This segment of the financial exchanges brought to you by leader bank if you're walking 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. Joining us now on the line is Benjamin Joseph for morning star here to help us out on a mutual fund Monday and Benjamin thank you for coming on with us. Good morning thank German foreign Benjamin what what's under we talked about today. We took about black or you are. And what makes this one standout what do they invest in. So this form he's investing in corporate bonds. That are rated double bureau or consider as turn. So this one is really and special first day is resilience and the fact that if friction and fixture when investment process and then it's pretty deep resources. Gave him an edge over the category despite the fact that it's a repeat it arch on the armed being taken over seventeen billion dollar. So looking at this on the high yield space and obviously have a lot of fluctuation is in it. Is this fund more or less aggressive than the other funds in this sector. So this find is it is definitely carrying more risky the first beta you'll categories is gonna more credit risk and our traditional or fixed income home. And that's something different Q2 229 or so because that category as have repeat. Other few good years recently so. Based on where we during the cycle that's something to keep in mind. However this form of a slew demonstrated he had been key to manage different markets and different environments and to navigate them. Are you pretty well. I'm managing direct so we is in its category. Can compile an investor should keep in mind that baton Kerry taking more risk. Is there anything unique that they do as far as how they manage that allows them to generate the performance they do. There are some things. Specialty it is on the communication for released twenty men and season it seemed that action be leveraged to you expense system kid and and the impressive resources. At their disposal lab a black market. And and they do that. Mentioning deport what you wish some flexing beat Yemen and monitoring that. They Google. Does to traditional high yield. Incorporated owned and sometimes they invest in in some. Proxies and so they can be tricky conservatively and lifting a bit of being sold. Influenced are they can gore so into the equities markets as a proxy for the tripled series. Benjamin what are the fees on this fund and word of a fit as far as the the overall sector average. And that's also something that's we can relate about this phone instead overrule. Do him yeah offering is for yet truck you can price. If you should take to different church classes there or. We see that are considered as brutal or below average. And so it's a really attractive price and that's waiting morningstar's ability to view on the pricing of the suffering. Earn goodwill Benjamin thank you very much of the time today and we appreciate you joining us. It's Benjamin Joseph for morning start talking about the black rock high yield bond fund in the ticker on that if you wanna look it up on your own is beat our. Each why act. You know like I remember like it was yesterday 20072000. And neat and when investors some investors were getting nervous about their. Forward gave bounces I saw a number of them they said well I I I'm OK because I. Took my money out of the stock market and I invested in high yield bonds will sort of a god. High yield bonds if you go back. In you know you'd you'd dial back in history high yield bonds were down tremendously. In 2000 and because everybody thought the world was coming to an end. And if you owned. You know high yield bonds. Heck some of those were down 2530% to one year. Yet in it something that you have to be aware of is that a high yield bond or high yield bond fund is going to move much more like a stock. Then like a bond it's it is going to have significant fluctuations the reason people buy them is because they generate significant yield the yield on this on the income that it generates. Is about 5%. So it generates a lot of income but it's not a stable bond like buying a treasury it is a very much in instrument that has a lot of risk. Attached to. Where your share price could go from twenty dollars. 215 dollars in already marked up you know and that's I I hope people. It a try to convey that I think that's an important factor in who for investors to consider that also like to convey that we're gonna have a stool. Regarding Webster bank when we return it's very. Chalk and talk for all of three of us. From the financial exchange rate you know. Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should talk we all work hard and if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention that your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me a call 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917. To 900 that's 8776917900. Workers at leader bank dot com. 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 liter 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 as we age long term care is something to make sure you claimed for how quickly we your assets be depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing a mistake and you haven't done your claiming yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and Dolan has been helping families just like yours protect RSS for more than thirty years and they put together in new guide for this month told claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Bordello. Eighteen having now wrapped up 2017. And Mike one of the biggest things that investors need to keep in mind this year are the upcoming mid term elections that are going to be held in November and the effect that they can have on markets both over a short period of time. But also over longer time span. CS certainly there's always uncertainty when you head into election years we've already seen some early elections that took place in Alabama New Jersey Virginia those have been giving us some sorts of indications of what we might see but it is largely unpredictable so we'll have to take a look and you know see how that impacts markets or how it hypothetically could impact markets leading into the end between eighteen between ninety. One of the things that investors need to be cautioned about is is heating conventional wisdom that certain election results are going to be either bad or good we saw that twice. In 2016 with both breaks it and the Donald Trump collection markets move the opposite way of what people expected. Right yeah Agee you know if you're listening to Talking Heads on television every once said why out Donald Trump went for a C a huge market correction what happened Dow futures traded down overnight and then we're up the next you know really the next twelve months out with wrecks that you saw quick dip over about a week period then and made all that money back up very quickly so it really depends on the situation. Folks what 2017 is in the books you do need to be ready for what's coming in 2018 and so are strong advisory group has put together a guide titled 2018. The year ahead it's free of charge no cost in all you do to get it is call 800. 3934001. Or go to Armstrong advisory dot com. Again those numbers 803934001. Armstrong advisory dot com. Security czar for your 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 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 banks dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader bank. A step ahead the calendar has turned and a new year is here it's time for us to reflect back on the year that was and the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC and advisory services are for two securities America advisors incorporated Barry Armstrong were presented at 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. Did they are better than one that everyone knows that that's where offering to balance the one taking. You can he added tax and wildcat mountains in the same day unless the there's just twenty minutes apart in the number ones out in the heat. Two mountains once again W downhill this winner at added tax and wild cat nap. Ticket dot com for more information hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up to date 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 me. 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 and stay informed and does today to promote economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck soda. Well it's only January 8 it is the is an eighth time it is being with you can see and you know. And it's a it's only January is an authority being declared the coldest winters in there forever. And the reason I bring that up is oil prices some of the gun if oil prices have not begun to rise and you know we we speculated. That prices would go up quite a bit and you know I know what I'm paying for home delivery of my heating oil today. Is a lot higher than it was in December as a matter of fact one of our. FaceBook friends that. She he's she listens to the show she overheard our conversation regarding home heating oil. And if you look at her FaceBook page she said cheap it is she posted an Arctic tree financial exchange she paid 239. Per gallon. On December 16. A seventy of last year. Per. She just got a delivery on the fifth so that would have been Friday to eight to eighteen and it's a fifty cent per gallon increase. In. Three weeks it's. It's a big bumpy you know you're talking anywhere from twenty to 25% higher. And I'm seeing an awful lot of prices right now kind of in that 260 to 285 range that's where I'm seeing a lot of these pushy. Eight to 89 down on Friday down on Fred and I I will tell you EU EU mark my words here folks. Yeah you're gonna be paying three bucks plus by the end game. In days it's just easier it is now. Beth is an eight day comment that the you know it almost seems monopoly state or is it fear she she's being couched one thing I will tell you. In in I don't know if you've ever done in the pro never have to because you're a natural gas so you can shop for your home heating. You you don't have to. Unity you're not. I act captive customer. For home heating so. One of the things you can do if you shop around and in you may have to literally be at your house and hand the guy hundred dollar bills. But you can shop around for your home heating oil you might wanna think about doing that. Especially if you've got a big old drafty house. That sucks down a lot of oil and because. Prices are up there too waiting and Gallup and I think Tucker just told me 65%. Or 64% of our listeners. Have home heating oil not natural gas like you yet most of its. I think in in New England in general Easton Massachusetts and heard islets about 50% in both of those states. But now they know an awful lot of people in New Hampshire Vermont Maine and Connecticut. Iran heating oil it's it's it's just how they're set up. Welling in Yugo down to the right there's not that much Leo yes yeah there's a lot of a lot of our audiences on Cape Cod Gary and there heating their house with oil. Yup and it's a son of a it's the price is being paid now we will do to make a lot of money the oil drivers' strike the guys drive in this trucks they're making some money if you can fix one of those oil burners. You've been working overnight. Prolonged time. Though we it's it's being out I'll tell you just talking with you know people in that business the last week has been incredibly busy for Edmonton and brightly so with everything that we've had. From weather perspective here and they're pretty good about a late hit call you know I do like to be in a business where somebody calls you 2 in the morning. And tell us here in my house is down to fifty degrees and I've got to influence in the next room right to come over fix might click hopes. You go you know yup. Mean it's it's it's what they do. Hey you know there's a lot of controversy. Regarding tax reform and I know you're being inundated as the consumer. And is a consumer of modern media. About how tax reform is horrible and how people you know it all went to rich people and all went to corporations. Will Webster bank is a bank there they're headquartered in Connecticut. But they have branches and I know it branches in masters they're headquartered in Waterford. They are going to be paying a one time cash bonus thousand dollars to their full time employees who are below the vice president. That's a 70% of all their employees. And deer increasing. Your minimum wage chuck to fifteen dollars an hour. Yet it pretty much what they're doing here is obviously these one time bonuses and then also bumping up that minimum wage. So Webster saying hey yes things are good enough for in the economy that were able. To give our workers a little bit more but I think more important the way I view it almost. Is. They've we need to compete for workers and this is Neil how we're going to do is we have to be able to pay a little bit more and I think. That is what I'm seeing from a lot of these companies is take. Things are tough you know from a perspective trying to hire right now and we've got to be aggressive and showing that we are willing to reward workers. For what they do. In order I was surprised by. Where is they are boosting their Philanthropic. Endeavors. Billion dollars now many speculated. That. Charitable donations would decline. As a result of the reduction in the corporate income tax rate. I don't know if I make a ton out of one company doing this okay. You know it's like. It again I I haven't seen atomic company is isolating you want to have you you wanna see you are a week year to suit I've seen a whole bunch company saying hey were raising wages and we're paying out bonuses like you can sit there and say OK that's something that is happening. The other is the Philanthropic side of things I'd. I don't know enough but I haven't seen enough by data points yet to be able to say you know one way or not. You know what I like about this is. You know there they're paying out these bonuses thousand bucks right so you know yeah average guy's gonna take home maybe 700 dollars that I had an idea. But they're gonna spend. If they get there to take that 700 bucks and they will buy TV they're gonna go by their kids some new clothes are at it it's it's gonna get into the economy. Really quickly just like jetBlue just like eighteen tees at least those workers are gonna spend that money. They are one thing I do. And obviously it's it's good to see that money going in but I do still worry about global credit card debt that we are racking operate now. And what do what he's seeing it with doing what's troubling. Well you're you're north of a trillion dollars now guide the on a per capita basis you're not quite back to where we were before the financial crisis but you're getting close and I continue to see people saving less and I know that things are until we do chuck when things are good we weep grief for we think the good times are here forever yet and and and look at something the last time that we saw yes the saving rate down this slow. It took about two to three years before the economy you know slow down. So this isn't something where you sit there and say OK things are gonna grind to a halt in six months. But you city any say. This is unsustainable for the long run. You know one thing I like pillars there we talked about car loans and how the banks were making some pretty irresponsible used car loans you. They've tightened at all they they started tightening that up in July of last year. And he still had pretty good new car sales number 27 team. Like 2018 to be decent year you know it's it it it may not be. If I fight to project 2018 car sales Tennessee between 161000016. Point five. Fit into that. Fifteen to fifteen into his that we were on where I'm going why my solo I think I think that you're going to see a slowdown in auto sales I. I I don't think that people can afford the cars that are out there. They're expensive average car would we say 236000. Is with the average person's pain. And this is good cars for 2125000. People don't want him well you know what in UK you by yourself. A 36000 dollar car. And if you amortize that over three or four years checked your payments through the roof it's noisy and a hundred bucks a month that's why you see a lot of these seven and eight year loans. And that's a mistake. That that he has mistake waiting to happen because. In you get a car that's. Got a 100000 miles on 120000 miles on it's gonna have problems you'd have to put money gift that significant cap and a car or you've got a car that's you know worth. 5000 but there's still 8000 left on the loan and Elvis and your rule that over into a new one. And and that does not end well. You don't whole foods was acquired by in us on. Last year. And the transition it's been pretty smoothly if you go into whole foods store you'll see an Amazon walker there are so you can get goods delivered. Two whole foods rather than being on your front step. You've seen a few tweaks to the stores where they're selling Amazon goes in there you know there. Eight but it hasn't been. I wouldn't say it's been Amazon lie yet it it did it's not noticeable Perry know what I notice but I went to a whole foods as you know whether the mutant you know you're checked out and mussina magazines and can be and all that crap. I saw. Like Ed mini Amazon kiosk with you know Amazon products pretty much players Dixon stuff yeah just a doubt that. You're gonna see more and more of that but what they are also doing. Is they're putting limits on local vendors coming into the store 10 yeah things used to be beautiful body Amazon was let's say you lived on the cape. And you meet honey right you could sell your honey. In a local in this store. And and make a good living only store. You mean. He pulled into port or her yeah. Eat there I am a whole foods is cutting way back on locally sourced. Vendors and doing it to contain cost. It's it's exactly what it is Amazon is looking at the supply chains and saying okay. We can reduce our cost by X percent if we PO simply restrict the amount of local you know regional products instead of providing more space for those so I think this is absolutely gonna be something that continues. I do think it makes it more challenging than if you or a local product and normally would have had that niche in whole foods. It's tough for free to get that shelf space in order to grow opium into a national company. But Amazon looking at this saying look for dollars and cents perspective this is what we need to do. I'm curious if they get any push back on. Yeah I'm curious if they get pushed back on it both from a you know people making these products. As well as you know consumers who may have been hunting for those specific types of goods. Was a consumer were you gotta buy it locally now this whole foods is one of the big gas stores to do that I mean not gonna see you got to Stop & Shop I don't think. Well that creates an opportunity ago but the other grocers like a market basket that helps us say. Well it does he is all the sudden that you basically unity because trust me market basket has people in every whole foods store every day. Right looking into it just it was or racism yeah absolutely. He you know he walked into a whole foods store dark places are crowded there all it just seems like they're always busy in week we've been mold the pricing. But there's somebody shop and in the open site I don't no doubt about regularly but their darn crowded. Yep they're what they're jammed in and you don't have 473. Stores if you're not doing a good job. Right the coming up we're going to be talking to Dennis Neil from the Wall Street Journal. You know the old Buick crisis has touched all of us we all know somebody or family that has lost a loved one to drug addiction. And Dennis Neil and chuck will be talking about what law firms are doing and how their. Potentially. Gonna bring an end to the open to a crisis that is next from the financial exchange radian. The financial exchanges line on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles at the most. Taste is the financial exchange radio network as we age long term care is something to make sure you claimed four. How quickly we your assets be depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing home study and you haven't done your claiming yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and Dolan has been helping families just like yours protect their assets for more than thirty years and they put together in new guide for this month called claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through. Acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should track we all work hard and if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention to your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934001. Or you can connect with me online at Armstrong advisory dot com. Security czar for two securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 15%. Annual percentage yield this is an online product only and there is no minimum balance require so logon 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 get. Free online banking with leader banks in new. 15%. Annual percentage yield and are no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank stepping. Add member FDIC a minimum Alex fees may reduce earnings re subject to change without notice and may change after an account is opened the calendar has turned and a new year is here it's time for us to reflect back on the year that was and the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2018 the markets while still volatile -- incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Securities are for two securities America incorporated member finreg SIPC and advisory services are pretty securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always CP vice of a professional familiar with the laws in your state. Get the most comprehensive weekly economic update from CNBC senior contributor Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. If you're on the go you can still keep up with the financial exchange on the I heart radio app available on both your phone and tablet just serves the financial exchanging your individual segments or full show. If you can't listen live we've got you covered on the I heart radio out. Joining us now is Dennis Neal he's a contributor to the Wall Street Journal. And as you talk about the open your crisis and what might be in the offing from a for me legal perspective and Dennis thanks for coming down with us. But. Peter Dennis though the article the title of it is the OP or a crisis has plaintiff lawyers smelling cash. My question why are they smelling cash. Well you know I have what are the satellite that payment. Bank robber Willie Sutton he is rob base that the accident. They know that this is where the app of the week could be looking at a lawyer gold rush. That will be maybe one of the biggest. Court settlement. It in big tobacco twenty years ago it up about 400 billion plus. Dollar settlement. Ought on the cost of tobacco you've got the list they've lawyers involved in debt in that earlier today. Now going out of these old Lloyd baker appeared to bend no trucks no prescription. Appeal it drug attributed. 23%. Of the cold is the a depth of old Buick the rest street drug like it to dole it. Caroline baited in illegal lab and yet the lawyer here in drug dealers illegal beat you look for the lawyer and going out the deepest pocket. That he'll be Lloyd baker but are they really at all air and that's where you start to get into probably billions of dollars in May be liable or. Also so let's let's talk about this care is one of the key differences here between this and the tobacco settlements is kind of the chain that you need to go down in order to. Acquire the product when you're going out just buying cigarettes you say OK I'm doing this. Of my own choice as opposed to a prescription in the news talk to a pharmacist and there's a pharmacy benefit manager behind that. How much more complex is that change is that it affect this in anyway. Well what the lawyer have done is they've gone after. He nearly every piece of this chain I think it the tobacco case they immediately went after the piper stick picket tobacco makers in the entire United States. But double order to go on after. The five big companies that make oil. Appeal it they caught after CVS Rite Aid wall greed that Wal-Mart for that would that broke the retail they've gone after the captain. And Cardinal Health. Or being the whole Baylor. Who distributed those drug I mean they get sued the trucking companies that I confided that the bat though they're and yet they're nude. But tepid debate also are simply are shipping heir to the drug that were ordered legitimately. Up the same time. The industry looks pretty battle of this. In the late night deep industry started playing down the brisk addiction because of this. OxyContin. Which had this kind of it toady that released the drug but much more slowly of their orbit but not gonna get addicted they'd realize. Attic but what a great all that the outer coating and it Beck unity and better hi all at once. And they'll be industry has some liability here this is why. In the Wall Street Journal op Ed chuck I call the unit we get them but it bullet bullet that would depend. And setup but a but now started point five billion dollar that would probably be cheap here and start focusing on here's research grants. Or is it being a drug. That could opt populate addiction here. Count the great at individually addicts civic big bill get high price. Trucked out and get rid of their addiction. Be the problem I have with this news. Where's personal responsibility. I mean I've had surgery I've heard that the last twenty years I've had old Buick after every surgery. I think it'd be a bit. At what point we apt to say that it popped it partly our old ball. So looking at this from the perspective of you know you mentioned the that the drug companies trying to get ahead of this proactively. Have any of them made any moves to do anything along those lines yet. I spoke privately with the people that by the industry and that that needle went. We're just getting a grip around that now we we had a good attitude and even. Think about an actual coordinated response. It may start with that industry trade group. Like did the orbit pharmaceutical research and manufacturers association or that helped their distribution alliance or have ever been a secret group. That bit that it holds some kind of beating. More than a hundred lost it now have been filed. I get to. Drug related companies in this openly right not denied that this is acute crisis this is terrible. Some sixty pork barrel than overdose death last year that. That's more than all the older we've lost the Vietnam War that well known problems what are your this is a big crisis. Question what are the league drug companies for billions of dollars. So that lawyers themselves or pocket 30% of it is that a way to fix this crisis said I RE but it. Or goodwill Dennis thank you very much of the time we appreciate it and thanks to put this article together. You too that's Denis Neill a contributor to the Wall Street Journal talking about the open your crisis. And next steps forward for companies. You know. He mentions personal responsibility. Right and you can apply that to words tobacco use he can apply that logic towards. Alcohol abuse and certainly you can avoid a apply that logic towards hope you abuse. It does come down to personal responsibility and you hit bottom and at some point you try to get help. Vegas the big question is are the drug companies responsible and they've been pushing this on us as opposed to prescribe me in a responsible. Oil and I think also BO. Have Dave from the outset clearly disclosed all the potential risks and and problems that you can run into. And clearly beyond there there are some instances where it's very clear that they were not doing that. It's. If it's a definite problem. Hate football season is coming to an end greatly at the Super Bowl coming up I think both for weeks through it and he's the patriots or fever due to wind the Super Bowl. But when we come back. Talk about how many franchise company NFL franchises. Haven't won a super help with number Super Bowl is this 5150 is 52. Number 52. And there are still shockingly large number of NFL teams that have never won. The Super Bowl that's next from the financial exchange rate you know. The financial exchanges and live on FaceBook so make sure to like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Whether you're celebrating a milestone 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. Give leader baker Colin learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. The calendar has turned and a new year is here it's time for us to reflect back on the year that was -- the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial wellbeing and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and -- a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- You are better than one that everyone knows that that's where offering two gallons per one ticket. You can add cash and wildcat mounts in the same day Imus is the only thing. They're just twenty minutes apart in the number one's in neat. Q now in the once again WR downhill this winner at added tax and wild cat nap. Com for more information and everybody it's very Armstrong and I'm joined by estate planning attorney Todd what's key from law firm Cushing and dole and we're talking about last minute planning techniques that can help save you or assets from the high cost of a nursing home. And Todd here's a question I have Korea. What can be done last minute. To receive your assets if your spouse suddenly has a stroke and is. Permanently confined to a nursing. Yeah and it's primarily about your home you know that's the big asset that you want sure no way. Well that bid if you've got money in CDs or brokerage account her diaries I mean I'm concerned about all we that's a good point that you could look as it's all at risk I think that your point here higher rates at risk he CDs or risk your reporting don't terrorists everything and so many people don't think that's the case but it is. So I can tell you first and foremost it's easy for the house as long as the spouses living there won't take it. But the house and her name doesn't have matters while you ease right please don't stop there because if you get sick in the house that risk but at least to dodge the bullet. The bigger issue you're right areas all those dollars rather ironies are not. No and really at that time you you're probably looking at one of these last minute Medicaid in new techniques and is even for a diary you can even for an IRA you may have to pay some income taxes to get to where you wanna be. But you know fun and it's a 141000 dollars a month and pay the tax so these these last minute annuity techniques. To put all the money into an annuity and how to pay out an income stream. To the healthy spouse. Will get you there aren't like that not the best way to go here you better off doing advanced planning but there are last minute planning techniques can take advantage or. Call Cushing and dole and 8668485699. That's their phone number you can download. In January guide by simply going to legal exchange showed dot com it's legal exchange showed dot com go to that website. Download the guide today or call 8668485699. Like us on FaceBook and follow us on Twitter pax TFE show you. Breaking business news is always first break here on the financial exchange radio network. We've been talking about the price of oil and consequently the price of home heating oil all morning long. Turns out of court indoor hole which is you know paddy heat your home natural gas war. Home heating oil many view might use electricity year human supplement with would. But spoke 65% of our listeners are heating their home with oil. And Rudolph who's on FaceBook he he paid 289 a gallon for his latest delivery. And then one of our friends. Frank he posted in he said. You know if you wanna shop for your home heating oil go to this website New England oil dot com. What kind of racing he's seeing on there guys in in terms of home heating oil. It it very is pretty significantly depending on the the region that your end. Is there anyone in particular you wanna take a look at. Portal. Boston Worcester or Springfield. And then of course New Haven in Cape Cod Providence you know Rhode Island day those are that's that's where the bulk of our audiences. Yes a looking at southern and central New Hampshire is generally between about 260 and 29. Northern New Hampshire it's cheaper probably between about 240 into sixty. OK so as you get more rural. It appears to be a little bit cheaper there do you think just the opposite when. Massachusetts in towards 128 anywhere between 279. And three dollars per gallon. If you look out a little bit further westward and that's Springfield area is between about 215 to eighty per gallon. Heading down to Rhode Island Rhode Island of fuel in the northern part of the state you are between. That choose seventy and three dollars a gallon. If you are in the southern part of the state between. Pretty much the same 273 gallon. Connecticut's. On the eastern part of the state is between 250 and 280 a gallon. The western part of the state is between 280 and three dollars again. So most in general I see an awful lot convey that to sixty to eighty range. Will be here and you see anything on the cape truck if any numbers for Cape Cod cancer lippold Capel guys I saw was 295 on the cape but it it's pretty much on line with everything that Schechter said. It's a year use that tells you which would racing has done. Rate and that I could tell you most people had budgeted chuck in that 222 to forty I'll give you talked to. The 65% of our listeners who heat with oil they weren't expected to be united Yale and they sure were expecting to needed delivery every three weeks yup. Anyway NFL. First ball. According to 538. The patriots New England Patriots are 31%. Favorite to win the super ball get by and then. Yes I think that's low. In salvo 31% globe. Well I don't know it would New Orleans is an. Now via the name. They beat the patriots handily earlier this year to help the patriots of the world's handily earlier this year old banker amounts right. It was Carolina who train car Tia that are out. Right. Then just interest and so who's left and they know the bills there at the bills are right yeah. It bills are Nazi get New England Minnesota Philly Pittsburgh Atlanta and New Orleans Jacksonville and Tennessee. So who in the patriots leeway to titans actually yes Saturday night yet the only team that's probably got a chance talker would you say Minnesota. Yeah I'd say Minnesota and that the the funny part about Minnesota this year they have to keep an aisle for very. Is that the Super Bowl. Is in Minnesota in Minnesota. Yeah so they have a really good chance to be home team's should technically even though they are at the NFC team is actually away technically. So if if that was the case of the vikings were to go to the suitable they would have to go into the visitors locker locker room in their old building. And that saga that are a lot of teams it never won a suitable. He's only. The 75% of the Super Bowls. Have been won by nine franchises. The FDA's Steelers cowboys patriots niners Packers giants Broncos raiders and Redskins have one the bull. The teams that haven't won. Arizona Cardinals. Atlanta Falcons teams folks who've been around the league for a long time Buffalo Bills they played in idle for Super Bowls and oral never won one. Carolina panthers' poor hitter. Pork is there a Scott Norwood off that poor guy. Cincinnati Bengals have never won a Super Bowl Cleveland Browns Detroit Lions Houston Texas Atlanta and even when he game this year that's two years in a row. And that's gonna be so cut record it's not judgments under no word they wanted fifteen. The year before. And Oliveira I thought they were one in fifty drilling but they want like the first game into the like Owen 31 now yeah either way it's terrible not good. Eagles have never won a super bull. San Diego Tennessee is your Super Bowl ads. It's not we're spoilt it's it's not fun when you're not pats fan. We we have been spoiled. A big time it's it's going to be a hard adjustment when when Brady bill checkered on. But and I think the woody. And imagine your man in and one of those teams that. How'd paddy cheer for Cleveland I mean what their viewership must be just terrible there attendance must be terror. Oh no they did you they had 3000 people the stadium over the weekend do you hear down their protest they know that they had a rally for the the winless season. And so they they at 3000 people who showed up to celebrate the win policies are cut their protest though doll they showed up they like 28 floats the people built like the perfect season I think it's kind of runaway protesting their wants to make it looks for like 3000 people show up just because they didn't winning game. Not great no pitcher isn't. Let's not do a quick message on behalf of leader bank here it is a new year and there is another great promotion from them they have a brand new relationship money market account and you can save your money. And grow your earnings. With a great rate. With a relationship money market account with leader bank the rate. Is one point 35%. APY the balance is between a 100000 and a million dollars it's easier call by at all you have to do. Is simply maintain a 5000 dollar balance in a leader bank personal checking account. In a role in. 100000 dollar daily balance in your relationship money market account. For more information call leader bank at 8776917900. Or visit leader bank dot com. 8776917900. Forehead right to the website leader bank dot com take advantage of leader bank's newest offer. In greater savings today. These could reduce earnings and a penalty may be imposed for early withdrawal leader bank a step ahead member FDIC. Equal housing and. You know Amazon's got their fingers in lauded different businesses you know used to be. It at a repeat we've remembers that and as it used to be bookstore there that that beat you they sold books and books on Allen. And now they so I bought a generator from him is that you really. Half a buffet got a generator but Jenner act generator could get faster from Amazon could forget her. But they are you know they're they're getting into a lot of businesses and in India chuck they're trying to get into the insurance business and I'm wondering. If they're using India as a laboratory. To stand getting to the insurance business in north American and other markets. I could see it somewhat but the differences are so huge from regulatory perspective. That it's I don't think there's a whole lot of similarity. DOE in the way those businesses Iran but. Obviously that they're walking to continue to diversify into new businesses. You know it would be easy for Amazon just say look we're just gonna be an online bookstore but here we are today. And they've got Smart devices they've got server hosting it you know they they continue to branch out and try a whole bunch of different things and so. I think for them. It might be. In India. It's difficult to tap into that market simply because incomes are what they are in the US and I think they're probably looking at the saying OK if we can make inroads this way. Maybe it's a way for us to develop and grow that market just as they don't have. The same size and scale market in that country. You know you on Friday news story leaked that Amazon was gonna bite to park it in the days of retail. End. The they could certainly afford to buy target. But he didn't then there's more stories that while they may not buy target but they might buy Macy's Kohl's and JC Penney. What was the logic be in in this that I don't comprehend a guy understood why they about a whole foods it did me in logically made sense for me. I'm not sure I understand why they would consider buying target or Macy's. But the thinking is that not all retail is going to go on line. And that there's still going to be a need for physical stores in certain locations and and I agree with you and your back and see every mall go away. Right you know you know I can see every retail location closed down because people don't just wanna sit at home on their council that. You know people like they they say OK I'm gonna go out for dinner oh wall mount I'm gonna do X winds the year. Hey what are we going yet taken a show or something and Obama out I can pick up you know something. People go out in the they still do things you know we'll just all sit on our couch and so I do you think Amazon. Realizes. Hey there's an opportunity for us and we have so much data that maybe we can build a more efficient. Brick and mortar retail setup. There'll be it beat it just seems counter intuitive he would like I I know a lot of people myself included. I have a weak retail shop the guy I would but you avoid it should you avoid the traditional mall. What if that's not what Amazon wants to get into. And generally exist I of the week going to stores I and I would pay a premium I'd be willing to pay more to buy something on line and get it delivered two days from now then to go to the store again today. Because of the almost expect I I I get what you're saying but remember the late 85% of retail still happens in person that's amazing. It. In numbers are dropping pretty rapidly double percent a year now but it is like you know acting as the retail go away and then. You know it's it's still going to be their people they were Donald is gonna sit at home and do nothing. Right great news we'll socialist ideas lecture it's going to be going to a mall or shopping purposes it's it's more multipurpose facilities but yours you're still gonna have retail. Rate. Adequacy and I coming up will be joined by Tim Stephens from CNET the ropes show what kind of car we look at it this week we are actually previewing. The Consumer Electronics Show and so we're going to be go through all the cool car gadgets never thing that are going to be on display there this week. Very cool that's next from the financial exchange radio network. Vote on our daily poll question had financial exchange showed John come while you're there fire of the media player and watch the show while you work. This is the financial exchange radio network. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's 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 most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. 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The calendar has turned and a new year is here it's time for us to reflect back on the year that was in the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial wellbeing and your investment strategy as we head into 2018 the markets while still volatile were incredibly resilient rising to heights we've never seen before in spite of challenges that still exist both globally and here at home 2018 holds a great deal of promise and Everett a brand new guide that will help you look back on the successes we've experienced and the failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Hi this is Barry Armstrong and I've been a financial advisor for over thirty years and I'm looking to grow my business through acquisition if you're financial advisor who may be considering retirement or simply developing a succession plan for your clients we should track we all work hard -- if you reach the point where you're looking to the future call me at the Armstrong advisory group were regional firm with offices throughout New England that employs a solid stable of young advisors who understand the service and attention to your clients need and deserve we will consider transactional oriented firms as well as registered investment advisors if you're adjusted please give me call 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Juries are for two securities America incorporated members Jenrette SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest to you. This is the financial exchange radio network. Joining us now on the line is Tim Stevens from CNET Roche showed Tim is out in Las Vegas for the Consumer Electronics Show. The biggest. Electronics show of the year and Tim thanks for joining us. Tim what obviously you know your focused on cars I didn't realize cars were such a big part of CES what kinds of things do you typically see out there. Yeah over the past years actually the automotive scene. I'm major part of the show and it's your particular receive a lot of atomic cars and probably not surprised there we're seeing a lot of new sensor systems coming on board completely ballot nine to make a lot of the sister packages you see that allow these palace car seat. Of the good news says it's reviewed its smaller still could cut it into the Pentagon McCardell the better but our resolution than before and there are a lot of companies. He invented this is like that that sure enough nearly fully to those cars are are up and taxis rolled around town the economists the Domino's Pizza delivery car rolled around to. Missing a lot of economies in new NC beauties and content but that is we have a lot of automotive go to the pitcher. Do any of the job big manufacturers have anything in particular that stands out. Yes absolutely. Both Kia and Hyundai are showing off new car you're a show like he has got he had forty UVs this year. And then conduct during operative fuel cell electric car that actually drove here from San Francisco burning nothing but argent so having zero. Emissions Boca are making their global debuts here in Las Vegas but we've also got some start up companies to a political Biden a Chinese company. I did viewed their all electric SE VE got to look at model ex competitor that's expected that the US park between twenty that you miss school what did you read to us done. Any kind of odd technology for inside cars entertainment systems things along those lines that anything's Blake got that we're seeing are not so much. The focus the suitably is pretty much more on the economist things on the crossing kind of things to get some big assist from. Nvidia company said that he does make some of the interior out to be used that power some of the navigation systems from our cars. Another focus was much more on driving a lot of that the process in part by economy with New York. Getting the world around you and making a car drive itself that requires a pretty powerful system and Nvidia making some big steps forward in developing the YouTube views would be GP used in the different crossing unifil need to go in the car. To make him have the smarts to build a ground consultancy play you know in the media made it's it. Opting to begin within grab a graphics process for laptops and mobile devices another bogey because in have been badly. So obviously talked a whole lot about the autonomous vehicles that are there. What is kind of the whisper as to when some of these vehicles may actually be available for purchase and regular use. They're starting to hit the road in Libya right now that formal Google so traffic are probably vote does have fully droplets caused in Phoenix right now and they are available content to borrow more or less you get derided them but center that's you purchasing them still probably a year to weigh in the year two point 18 Bentley tweets in those years are kind of floating around is that the time when most people think he'll be obligated to these aren't. Even so that'll probably only limited markets you know to exceed separatist though that kind of thing global Leo deal it would drive coast to coast yet completely conversely you probably still out about it is. Read anything as far as electric vehicles or hybrids any other buzz on on those types technologies there. Yet there are quite a few easy here on the truth or making it the their debut and so the big spoke Israel was called solid state battery technology that's basically taking lithium ion battery so that we use now. In getting rid of these illiquid component that are in there actively making the entire thing solid state. What that does these guess you recharge those batteries much much more quickly than before you and we don't have to worry about the need to odd because of blowing up so we see some carpet can try to 125 mile to just nine minutes. Now it really change things for poor even. Are good Tim thank you for the time it'll catch up to the soon. A quarterback Tim Stevens talking to us from Las Vegas and the consumer electronic show. It was probably. Three the five years ago when we started having conversations about autonomous cars in you know with the advent of Hoover. Yeah became a conversation point weird now he just told us where within 24 months of being able to go and bomb. And times car close off spooky. You can kind of do it now like you can go to Cadillac dealership in you can buy an autonomous car now's not fully Thomas knew you leave that you don't. You really have to drive it again we interviewed that guy he drove from I think it was from. From New York to DC year there was only on the highway. Yeah but it's like it it's coming there was so much skepticism. Towards this technology call. Still as you know I think a lot of people still are skeptical but it's city it is around the corner at this point and it's going to make lives a lot easier but the question I think becomes an inn where I think most people or nurse's aide. You know from an from a tech perspective how do you prevent someone from hacking into the system. And being for most people cars are a way that they're able to exercise and use their freedom and if you don't own one. You know does does it restrict your ability to to move around a little bit. This could be the greatest technological breakthroughs since Smartphone. I would say it's it's bigger than that yeah it's been a good way to trigger a bit I mean I'm going back like airplane. Like this this is this is going to revolutionize how we live our lives in ways. That we can't predict right now and that you know are going to you cause you know I I think in addition to the good things. There's going to be a lot of pain because these two like it's going a lot of people are gonna lose jobs because the. Good time to have happened right because the job market strong and retrain these people to become other they have other professions you just you know ten years from now. We're we're girl would be right. These things is if that transitions going to be very rapid. Two two Thomas vehicles. It would thank you all for tuning in to the financial exchange on a Monday instructs ought to talk or Silva and meet our strong signing off for the day we'll see tomorrow. On the fact.