Jan 10, 2018|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the gray area Armstrong and chuck Exxon. It was only yesterday when chuck and I were having a conversation. Regarding. Well perhaps a Black Swan event that's at an event that occurs to the US economy in the global economy it just comes out of nowhere. And this morning Bloomberg News is reporting that China. Maybe stop. Buying American treasuries US traders and you might say to yourself well who cares you weak but that's no big deal somebody else left for the day something. China is a big buyer of US treasuries and all of a sudden they go away as a customer. That's gonna have a profound effect on our on the market it's gonna happen. Dramatic impact on the global economy I everybody's buried truck with you here on eight Wednesday where were kind of just you know I that I thought our lead story truck was going to be ordeal. And see in ten minutes ago the story breaks regarding China and treasury will what do you think it means. I think it's a shot across the bow at president trump in a president trump has been vociferously. Going after China. As a currency manipulator in in really trash talking China and as you know there are major trade partner of the United States we buy your customer of China. But conversely. They buy a lot of stuff from us namely US treasuries. And I think this is China's way of saying hey trump back off or we're gonna sink your economy into the toy. So let's let's dig into that a little bit do you think let's let's say China's sides a K we're gonna stop buying US treasuries. What does what does that have the impact of doing to the US economy. Raises US interest rates because they'll be less demand. For American treasures at least that would be my. Presumption. Well it it raises rates and lets the Fed steps in and says OK here's where we're going to set rates. And that's definitely set the overnight rate sure they don't set the radar and tenure at thirty year to year no but those rates are still set by based on where people think the Fed is going to have to price in the long run. And so it if you look at this if someone says hey here's what we think the Fed is going to do in years XY and Z. He still is based on the expectation of what the Fed actually does I think this is much ado about nothing. Gee I do Shiite look at this is an active hostility. On the part of China irate as its hostile act but I I don't think it has the impact that people think it knows. Solution I've started off the story that no also here but let's let's say that. Let's say China decides okay we don't want to be supporting the US anymore and simply because we feel that we have a different world view. Okay which they do that it may be different view of where they think the world should be going. And Bloomberg as saying Bloomberg reporting that they just think there's better places to put their money. I don't necessarily disagree with them both but let's let let's say that they decide okay look we just don't wanna be involved in this anymore we want you know where the where the biggest country by population we are going to be the biggest economy in the long run. And we want to make sure that we are supporting our own currency as opposed to someone else who doesn't necessarily agree with us. Let's look at what this does the US dollar all of a sudden you have a lower demand for dollars. Dollars are worth less and so what that means is a eyelash Chinese imports well. Yes it is in a roundabout way you buy less Chinese imports but via makes US manufacturing much more competitive. See it pushes up asset prices in dollar terms simply because that the dollar's worth less so if you won't stocks are property or something along those lines those things tend to do well when you see an inflationary environment like that. So when when I look at this. It's something that I think could cause you some short term glimpses as things get sorted out there. But long term you look at what it does for the US and makes it's much more competitive up from a global scale. Would it do to the stock market and market news I know it opened down about 100 points. Yeah market means it's were down 88 right now. So it's enough. Ed I think it's it's a whole bunch of noise and I think it's. You know as you mentioned I think that this is probably a public negotiating tactic. For China's try to put pressure on the US as I do think it would cause some short term issues trying to sort these things out the long run. Will be bullish for the US you know it's a specially if you look at getting away from the dependence on imports in order to. You know effectively supply the economy with the goods it needs not that long term it will be bullish move. In it would raise interest rates so sabres were getting rewarded right you might get to go to the bank and by 4% CD. It Asia. IE I have a hard time speculating on where interest rates could go as a result of this. Just because just about everyone is looked at them has been wrong over the last decade like the only person who's been right is Jeff gun locked in you know aside from him like you look at every other big bond guy Bill Gross included. They've they've all been wrong. Well let's talk about oil because you know it was probably. Cash during the last couple years. We've reflected on americans' buying bigger gas guzzling vehicles. And now we saw yesterday oil prices hit 63 dollars a barrel yup. Gasoline prices at the pump right they're getting up 289 range. And all the sudden it just seems like this cycle repeats itself rate the Arabs reduce the price of oil. And all the sudden Americans have short memories and what do we do we go out by. You know shabby tacos and a suburban its big vehicles that are gas guzzlers. And then sort of again they pulled the rug out from underneath us and gas is three bucks a gallon. Yes not anything that should surprise people and in I said this two years ago when prices went down I said don't go out and buy that SUV now because you do not make you long term decision. On a short term price fluctuation here we are it's you know the tenth of January 20 team. And oil prices back above 636338. Is now the other latest handle on it. And I I don't think that you're going to see prices short of we know shooting war that develops between a couple major countries in the Middle East. I don't think you are going to see prices. Rise back to ninety or hundred. But this sixty range geo based on where supply and demand are right now I think is probably where we sit for the for the foreseeable future. And it just like to remind everybody. We reproduce domestically here in the United States I think this year and 2018. The projections are that will produce what about 1010 million barrels a day. In that ballpark the other last week of baht 2017 we did nine point 78 million barrels day. That was up from eight point seven million the year prior so it's gonna be somewhere between 1010 and a half million barrels day of my guess that's where we. Average this year which is good that's good relative to were we'd been since the 1970s however so I just what you keep this in mind folks. We're producing call at ten million barrels per day. We are consuming. Almost twenty million barrels today so that means that we are buying oil the only by a lot from Canada. We buy some from Mexico we buy some from South America Venezuela. But we are dependent. For approximately 50%. Of Farrar memorial we're dependent on foreign countries. Yet. It's I don't like that no it's it's oil is the most important commodity of the last hundred years. And for most of that time we've not been able to supply our own needs we simply. Can't produce enough at a low enough cost and so we are dependent. On importing it from other countries sometimes Canada some Mexico and Venezuela the Middle East you you know you mentioned all of these but. We don't have control over arguably the most important commodity in our world today. And and that's something that you know is going to be impacted if you do see the dollar continue to weaken in this part of the reason why oil prices have gone up the way they have the dollars 10% weaker than it was a year ago. So if you said okay the dollars in the same places a year ago or B 5758. A barrel. But if he continues to weaken you may see prices go up in dollar denominated terms. Now in night at BQ threw cold water on my theory it via the saudis were gonna do everything they could to manipulate the price of oil higher. But you know he'd be there go public this year right it they're selling their country in 2018. The it did any any relationship between the two in a week it was that Longo or at forty dollar oil last year I think we hit 39 so it may be in August. EU adults you you don't smell a rat coming out of Saudi Arabia in what way of trying to manipulate the price higher mean that they are the one. They they've been up front saying they want the price tired but we you'd said that they organist Star Wars in this that in the last time I checked there's not a war going on there yet. Again went there IPO August a bit later this year via. And I just I am I worry about that right. The finger at these this is one of the things that keeps me up is the the dependency that we have. On foreign oil I don't like that he would today it makes me very nervous always test if they are a poll question today is. Does your car whatever you're driving on a daily basis. Does he get lower than 25 miles per gallon. Tucker I'll start with you for our poll question is your vehicle get more than 25 miles per gale and it's one year asked as America's I just literally I checked my. My average yesterday in my average of 33 miles per gallon. That a man out so. Not that Eric and courts are now. And how about you chuck with kind of mileage you getting your vehicle I get about 28. Because the average in the country is is lol right news and it's still in the teens the average miles per gallon in the United States. It depends I think if you factor in the big trucks and everything. Right if you go even without the big trucks just personal vehicle you know what let's research that the ones that were sold in the last year OK average about 25 miles a gallon. If and that includes trucks like Ford F 150s yeah Oca good. If we take a look at a BC. Has luxury vehicles always common a feeling beneath 25 miles per gallon so the average vehicle and in actually I'm more at 22015. And so the average. US light duty. Vehicle fuel efficiency. 22 miles a gallon overall and 2015. That's what I thought I thought it was still under 25 anyway if you wanna eat it if you want to keep oil prices down. Drive more fuel efficient vehicles that I do to cut back on consumption which we haven't really cut back but we also have an increased our consumption as a country. At the rate that we used to know so you know if our American consumption is effectively been pretty flat as a non. Yeah we we've been pretty much in the same spot for about the last fifteen to twenty years now which is good. You know the only thing that would be better than that is if we are declining 12% yet but we're not if you'd like to see a little bit more of a decrease but we still drive. They are again the whole question is does your target more than 25 miles per gallon Heidi participate in the poll it's very easy. You go to financial exchange showed dot com and we'll share some results with a view. When we return because we're gonna have a conversation. Regarding the flu season I have this flu and we tie it is not a flu you want to catch that's next. From the financial exchange radio network. Markets are. But questions remain about whether or correction is coming. We've got you covered every day with what's not and what's not from Mike Armstrong mornings at 1030 only on the financial exchange radio network. As we age long term care is something to make sure you claimed for how quickly -- your assets be depleted if you had to write checks to the tune of 141000. Dollars every month according to -- 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 -- yet before you write that check picked up the phone and call the experts at Cushing and -- at 8668485699. -- -- 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. -- 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 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 -- 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. I'm joined by estate planning attorney Todd what's key from law firm of Cushing and dole 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 have assets and they may have children amen I have nieces and nephews they may have favorite charities that it would they wanna leave their much. But they get sick at their nursing home in the bills are confident. 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 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 a box and 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 it Horry. So they've got money that what you need to do is you either can do and other annuity. An annuity is a technique that logic to buying annuity and have money pay out as an income stream. Choose the institution delusional 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 that 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 how do you do so well he call Cushing in goal and an 8668485699. And you request their guide last minute planning techniques that can help save 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 the couple free at 8668485699. Security suffered through securities America and members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange for Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten and this is the financial exchange radio network. You know if you walk into a restaurant. And they were rude and belligerent to you in the food was terrible you probably wouldn't go back. That's what exactly we do when it comes to buying oil right the Arabs are sick world treats us like dirt you know really you know you look at the things that. You know countries like Libya and Iran and Iraq and Saudi Arabia things they say about us that things they do to us right terrible to work terrorism is spread and yet we're still their biggest customers in terms of buying oil. Well I've always maintained. You know what if you don't like the service at that restaurant don't go in if you don't like the way. That the Arabs are key to treating us to buy their product and they validate it that's just how I think maybe noon my thinking has worked anyway. Our poll question today is this your car get more than 25 miles per gallon. And pleased to report gentlemen. That 69 point 2% of our listeners are driving vehicles that get more than 25 miles for real good news. Well you know we need to drive that number higher unity they the west's. It just does do it. Does that ever occur to you when your when your fuel in your cart track that. She's you know by in this stuff and in these before Tillis literally killing us with flying planes into our whole our buildings and game blown up error our our our infrastructure immunity they hate us and Enqvist we've still dumb enough to buy their products. It's again it is the most important commodity of the last hundred years that there's not a lot of alternatives. They act I think the alternative that is wholly buys little bit as he can't anyway I'll move on and get off my soapbox I did not mean to make gate. Political statements just how I feel they I don't like buying and I would never go to a restaurant they treated us. And and so all the just. It certainly not gonna buy oil from somebody who hates us and treats it that way. So flu season is here I have this about two weeks ago did you guys get the flu yet know do you of the for the stomach flu a thought you the stomach one. And it would have been me I lost five pounds that they got baggage again I got it got started yeah absolutely in the middle class for today. Right birdie the I'm among this new health. Started flew here. Yeah yeah yeah I'm on the lewd diet a man. Oklahoma what a quarter in the agree. Well this flute it's going around. Is in 46 states including all doing silly it's it's here general news and Andy you war. Highly susceptible it is very contagious I mean. EU EU you don't have to. Kiss somebody. It to get this flu are used to do is touch something that they touched and and you can contract this will. So I I thought has been Smart last October when I got a flu shot son of a gun it didn't work on this particular flew straight. Yet this I have a a buddy of mine who is a doctor out in California and about a month ago. He sent me something just saying look I've had more patience with the flu this early in the season and I've seen in the last like seven or eight years. And he said just get ready for this to be a bad one and and sure enough that's that's what it's turning into right now. And it's it's just something that continues to be a huge problem in particular you know. Ford for someone my age or you know rage it's debilitating. But if you're elderly here if your kid if it's on the can kill you. Well you'd it's gonna kill 50000 people this year. I don't. The team gets that high that seems high NetSuite B while CDC is saying between 3049000. People Americans die from. Flu related write so that you may not be flu itself but it's related to the flu but back in 1918 you know how many Americans died Tucker and I flew him. A hundred plus I would say cells and organs then 675. Plaza many we've lost more people. In 1918. Due to the Spanish flu pandemic than we did in the civil war. Park in one year that we 600 in worldwide I think it was late 75 million is most estimates there and it was unbelievable. I'm not saying this flu. Like that but. That's that's one of the reasons weren't you know people say don't get a flu shot not think guy epic out yeah I think it's it's the hating on. You didn't you know one for you'd like excited to talk to Donnelly of the flu shot Mallard I really don't. The doctor to lower willingly getting your medical advice. My advice common sense what if it. Talk to somebody who went to meta continue get a solution out there it is that we just that I did that any just and miraculous recovery I was over the even know if you had to whom. A good had a blog we'll battle had a fever. Vomiting and and I felt terrible in nine needed to sleep is that the flu. People call that Sunday cost. A to get there before. The how do you how do you get the future such intelligent things like touching everything like they don't get on an air play no distaste at least. Airplanes are discussed is that time of year where you wash your hands like once an hour. Just to make sure that no lake. It's the it's that time a year where you just like okay I'm I'm just going to tennis at my little bubble and I'm not talked to anyone who do until going to subway. Know pretty much don't don't don't don't get goat don't go to coffee machine cocker yeah I know you I see you there every morning I should probably want to thing down. Every every ten minutes water coolers that our best advice is pretty much stay home and don't do anything yes liquid soaps dispensers in in bankruptcy go to the bathroom. Right and you wash your hands me that that's bad you'd get the flow. Aisle seats in planes trains in theaters on route rate that. Salt and pepper shakers don't touch salt and pepper shakers there at least with the flu like public ones not your own way to arrest Colorado in Europe or if you don't touch. An exercise equipment at the gym. Oh god don't know about hey Tucker there you know yet another excuse not to go to that I'd just go to the just a minute ago I don't know OnStar know pretty good right now. We'll see you get the flu. But he knows what counts that the that the flu is and a if it's nasty injury to your point chart. As you get older. You know it eat your body can't recover because you're not as strong and you don't have the physical Stew worse back and turn of the protein stores back in 09 I got the the Swine Flu when it was go around and I think knock me out for a week I lost fifteen pounds. Getting. Trapped. That may be like that that that's my whole diet right I lose fifteen pounds. When looking pretty Swine Flu is where ago. They coming up we're going to be talking. Now it's fast film and how they're getting rid of cash here next for financial exchange. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. 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Or visit leader banks dot com member FDIC's equal housing lender and MLS 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 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 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 stay in the 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 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 judge -- If you're real estate or property management company -- banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers -- on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies -- leader bank as their banking partner call 8776917. -- 900 or email BBO at leader bank dot com for more information member FDIC equal housing lender. Time now for the street watch a look at the market's performance so far today I don't Marion jog right here on the financial exchange radio network. Mike Armstrong joins us now for Wall Street watching like we got one very big name here at stuck red deer. Yes note here after a pretty fantastic rate seventeen. Pretty big was the stock price last year. There's upgrade by RBC a lot of these different compared to take a look at their stock price down based on the new tax reform bill. They raise their price target to a 190 nine dollars per share us stocks have 3% yesterday and a couple of the board today. There we don't have a blast from the past year with Kodak couple 120%. Yesterday that hex going on here. Yes so Kodak you know kind of rising from the dead here announced yesterday. That they have successfully created their own block change to created digital photography. Currency platform called. Kodak coined. He'd details behind this are. Still bit murky but they want to try to use descriptive currency to allow allow photographers to sell their images. And prevent. Basic theft of their and copyright issues that are amateur images. They're also doing something weird where they're going to be metallic renting. Simple basic hardware to remind your own it claim. And it looks again just like one of these in ability examples where companies just mentioned the fact that there wrench been big winner crypto currency and stock pressure issues to the race. Just remember it's different this time thanks Mike. Mike Armstrong with Wall Street watch and yet that that that just scares the heck out of me. You know they when you walked in to home deep voice in the go to Home Depot every weekend. Just about homeowner just about somewhere in that ballpark right. When you are when your check and got your cart full for. Yup do you go to Tuesday check out with the that they cashier where do you go to the self check typically the self check out. And eat the the reserve bring up the story is. Fast food CEO Jack in the Box is saying they were removed in two cashier cash. Robots is it to service our. Kiosks for ordering food he's doing it because of minimum wage. I think this move is it McDonald's has done at one point 500 stores at Wendy's is doing Jack in the Box to mean. I think is in five years are there going to be any catcher's left in these fast food restaurant. You'll have a handful in some places that you know want to market that is Hayward the place without kiosks but now it in general. For the ordering experiences of fast food restaurant. It it it's all about speed and a lot of times the kiosk is a quicker way to move through the system just because you're not relaying something to another person. It takes that exchange out and so. I think that you're going to continue to see the proliferation of kiosks that thing I would say look if you can do that for checking into an airplane getting yourself on an airplane. You can do it to order you know on number two with Frye. It's great great well I think the yen. That will become. The New York City league which is. You know especially fast food but I wonder if it becomes the norm. At other restaurants like you were mid green drill echo what would you consider I was gonna say it to Fridays or Applebee's but I think they're both business. You're cutting your mid range restaurant are you talking like you that in that space are more like the panera and stuff like that. There is already got it. Right up they make I'm thinking went above and there so where you sit down and traditionally. You've been served Unita had a waiter waitress come over. You do we go to the point now where you sit down your Booth right do like in the old days. And there's a little screen in your Booth and keep your food and say yeah I want this in five minutes ago this I mean of course delivered in 25 minutes and I want engine and tonic and my wife wants caused. I bet you see it somewhere. I hope we don't see a huge proliferation of it because I kind of wonder what's the point of going out for dinner than. They get a call if all you wanna do is like why not just do take out here. You know if you don't wanna. Talk to start if he did take out stuff to do the dishes he stuff to clean up you know. If the go to the restaurant that I should go to the restaurant Julian. I I don't know why I always enjoy interacting with wait staff is they can give you you know. Instead about a menu that you might not know you can talk and hey is there chance that the shaft to do this with it and you know they they can do some different things. I think different BO in actual sit down restaurant I'd be hesitant to go to a kiosk or just a be no way they push button ordering. It if you're hard worker and you created successful business or company got a message for they can help your business thrive and grow. I'm talking to you now on behalf of the US Virgin Islands economic development authority. We all know how devastating this past Turkey but the islands are already on the way back electricity has been restored. And the authorities' economic development commission offers you eight tax incentive program. For companies located in the United States Virgin Islands are talking about competitive. Offshore work tax benefit program. That is sanctioned by the United States government in it allows. You were business or think about this allows you were business to lower its corporate tax burden. By 90%. 90% think about what you paid in corporate taxes last year he reduced by 90%. Many US companies are already taking advantage of this tremendous program. If you are a business owner looking for tax breaks talked to my friends at the United States Virgin Islands economic development authority. You log on to the website right now it's US the IAE. TV. Dot war that US. The ET eight dot work in order to get more information on that exciting new program. Wal-Mart. Is taking a direct shot at Amazon and making check out lanes obsolete. You know I was excited about this announcement until I read the story and they said Stop & Shop is that this for years. They have but not if it's not in every Stop & Shop and they don't have enough devices I believe. The one night go to in Connecticut they they've got plenty devices that stuff to go through the check out yeah this you what you have to. Yeah I know it was a source told that lets explained everybody where Wal-Mart doing. Yeah what it is that they're starting a service called scanned in go and in what it will be is that you download. An app called the Wal-Mart scanning go up. And then you scanned the items that you wish to purchase. As you are going through the store and you load them in your cart. I think he had to use one of their devices. No looks like it's going to be on the app all okay seeking use your own fault. Correct I've just because most phones have via their in their able to read bar codes and things like that at this a look at the event that makes it a little better so you basically you're just. Checking out of a warmer can take twenty minutes. Oh to take longer than. Yeah I mean it it can be an awful experience. And so pretty much once you're done you click a button to pay for your goods on your phone and they need to show the receipt to someone not as you're heading out the door. And you're good to go now the one thing that does concern me about this is it doesn't look like they're using any type. Near field communication technology or any type of RFID technology. That would tell you have an item in your cart that you didn't pay for. And so that is one thing that I do worry about a little bit is hey how are they going to make sure that no win stealing things and hiding in the bottom of their car. Now. It it would be nice tea pity because they are already when I go to Wal-Mart they're self check out so I use that yup and and that helps. But you know what happens is if you're buying crude use. Produces is the big stumbling block you know we'd always as with any gross anything grocery related it's always the stumbling block. So a bit of be curious to see how this works. I liked the idea you know like the idea of taking out whatever that time it is whether it's five minutes or 25 minutes of checking now. Boy I wish Al grocery stores did that cassette together and you go into a hooker when you're shopping market basket show laws or Stop & Shop. Checking out and many are restore. Is a pain in the neck and can take you five to 25 minutes just check out it is yep it's it's it's the part that you kind of dread the most about going. That's for sure. President trump. Can take any victory lap. Toyota Motor and Mazda Motor are set to unveil plans for a one point six. Julien dollar assembly plant in Huntsville Alabama. This is a great announcer because Huntsville Alabama is economically depressed in Alabama in general. It is economically depressed skull one of the lowest education rates in the country. It's just it's a poor state it's it's the net receiver of federal tax benefit so when you're paying your federal income taxes and a New England a lot of money's going news states like Alabama. What they're gonna get. A factory that's being built I was surprised to see that it's a joint effort between Toyota and mosque that's not very common as a. They vote cooperated on a couple of these before. Haven't they they have another one I believe I need to dig up the exact details. They've cooperated on a couple you've seen it a a few of these different facilities where you do have Bashir production plants. Four auto companies is not a ton but. I'd say there's at least five to ten around the country. Well this is a big it's been who in his first of all they have to build it right up that's going to be a lot of jobs involved in the construction of the plant. But then once it's up and running track they're going to be 4000 workers those are all good job to rate the overall. I don't know I and it's a average week with benefits and everything the whole enchilada forty by forty dollar an hour yeah how would you say. At forty bright right now you are now they can be read in that ballpark this would be. If they end up producing 300000 vehicles a year this'll end up being the seventh biggest auto manufacturing plants in the US. What you think they went tell them cheap. Cheap labor cheap labor low taxes by the it's it's everything's cheap there not to do with the unions. No it's it's it's it's all team down there that's the biggest thing. But I hate let I'll tell you what that for Huntsville. In Alabama in general a big win them. We think 4000 workers but each worker's gonna have you know failed. There but you know dependents of some sort you bring so for the sudden their vacant you know. Forty bucks and our role in with pension and health insurers say about what it does to the welfare rolls up the you know people that are going off of food stamps you know people going off welfare. Goal off a public assistance is in terms of their health insurance and they're gonna have jobs and have good jobs working for Toyota and miles yeah. At any rate that's good. Boeing surged after reporting record jet deliveries and a massive order backlog everybody wants a Boeing jet. Yep bone delivered 763. Planes for the year one more than their previous record that was set in 2015. They have a backlog of about 5800 planes which about seven years which you typically want to have about a five to six year backlog in that industry. Just to make sure that you can you be consistent with your production targets so there right on target their little bit above actually. AA and pretty much everything is all systems go for Boeing at this point. The other new models are picking up some pretty big orders in particular. The revised versions of the 737737. Max. They continued to while pick up significant orders from a number of different. Airlines on that model and about two years from now. They're expected to roll out their new midsized plane which will probably enter into service I'm guessing 20/20 three year 20/20 four. The big thing where the airlines are making a lot of money are the main factors. Is air freight is way up in terms of activity and it we have a story on that topic in the next hour and I'll save it. If you look at the air free numbers. You know people are shipping. All kinds of things using air for because they wanna quickly. And so air freight numbers Europe I think European or 9% last year they're going to be another 5% this year. So we're pulling a lot of old planes in a lot of these freight planes are from the nineties we can't ride those forever you know eventually right if the ground so. That's good for Boeing it's probably good for Airbus than anybody else that's in that industry. Hey coming up we will be joined by Alex Jowell from Morningstar we have a stocks election for you next from the financial exchange radio network. The financial exchanges all over New England to go to financial exchange showed dotcom and search for the station closest to you this is the financial exchange radio network. 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 over the securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group in the securities American companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. As we age long term care is something to make sure you claimed four. How quickly -- 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 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 called 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 John John. Hi this is chuck and Mike here from the financial exchange and as we head into 28 teen Micah wanna talk about one of the key themes 2017 is that we're in 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 it certainly was a huge elephant in the room so if you take a look at. In their activity and 2017 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 higher 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 inched in getting into the pharmaceutical delivery business which who knows how to make an impact that's sort of industries so you gotta keep an eye on it she always got to be wondering about what is the Amazon affect what is the Google effect and how are they going to change the investment landscape for 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 head it is free to get in all you have to do. Is call 800. 393. 4001. Or go to our strong 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 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. 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 the leader bank if you're looking to diversify your portfolio. Precious metals are Smart investment in gold and silver bullion coins. Now available all leader bank locations call 8776917900. Log on to leader bank dot com for more information. Member FDIC. Alex that shower from morning star joins us now here to do little bit of stock talking Alex thank you for joining us. Thank him repairing heavy. Sure we're talked about equipment is actually our favorite communication. Infrastructure play is the largest retail bit it has had a platform the world. I just wanted to mention about Amazon before in our view that equally it is actually one of the beneficiary from at a price clout and second probably to Emma thought. Those basically in the in the history. Equinix deciding what Amazon. To really benefit from trying to at a press out. So what is what exactly did they do do they operate data centers is that is that what I gather. Exactly it offered data centers and in the key differentiators that they have a strong ecosystem on site. Political ought to public out on sites including Amazon Google and all that and on major network carriers would help a client of African activity. As a result they can charge premium price or at a price to co locate on their site because they have a lot of they have a lot of public how options and also carrier connectivity option. Now if I'm looking at this correctly they're organized as a real estate investment trust is that right. Yeah what what does that mean as far as how this stock tends to move in regards to the rest of the market. Typically purely for Reeves as. You know they're sensitive to interest rates but I would argue that in this case equipment dissects you read that. QU a long term secular world trend that's gonna go on for a lot of over the next decade it's in our opinion we think at a press caused. Is stressing Ernie eating. That the stock trading at four point five right now and are there about 500. Do they have facilities all throughout the world there is a primarily US based. And as for all the world. And what they're doing right military spending in all three regions you know America has an obligation packed off to Europe the what they're doing is that they're buying up. Strong data centers in each country so they just bought one in Turkey. Also last year to actually bought it is better from Verizon and what's amazing to us this. Is that they're able to turn around and generate 60% ain't dumb argent on the Verizon data that are that they ought to. Which is far more profitable than what Verizon had operated so goes the better. What's the potential downside to this company in what in what situation do things not work out for them. Sure that's the great question I think you know does this. Certainly a high risk named that we have a high risk meeting or I think the long term downside. It's really if Amazon wants beginning to reach out it is a especially chemical opened up its own Avalon does have its own data that are right now with only four. Four is. Amazon cloud AW that. But that have already wanna get in the retail business that our own mean. Recount data that are around the globe and they'll be a long term risks and in a short term misery you know operational risk and also acquisition risk but in our opinion I think the company has been pretty crude and in terms of buying data centers. Rolling up to its platform at a ripe. Or go to Alex thank you very much of the time we appreciate you joining us today. Thank you. Al gel for Morningstar talking about it when mixed with ticker EQ. I acts were to put that on the risks scale chuck you know somebody's looking to buy that. I'm scale from kind of like one to ten for Stahl yeah and it's no wonder tendon in you look at a something like that you say well you know. Alex just told his practice try actively priced at two bit. You know there's some like that I've I've seen those things go bad in a hurry. I think is probably somewhere between you know seven and an eight. It in that ballpark it's it's not an albino small stage Biotech or something like that that put it kind of attend. But as far as you know developed equities go it's got more risk than than most do. But the performance has been there I mean investors have been paid off handily the last five years. For owning the company. And you know again it is in a very very busy sector so it does have some nice tail winds there. But obviously you know you'll get the pricing and things like that in you say OK you know it's it's a good company but there is risk associated with. Akamai took a nicely yesterday it was up like 67%. If they had a report of a potential strategic review by Morgan Stanley strategic review review is code for hey we may be explore a sale. So that's what I thought that. They yell and thank you for tuning in to this hour of the financial exchange we opened up the conversation. With the about oil we're gonna do the same thing in the next hour hearing you via current price on oil what you know our thoughts as to where we think it's headed. That's next from the financial exchange. 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 at 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 America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917. B 900 workers at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by leader bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Member of the NC equal housing lender and -- is number 449250. Subject -- credit approval -- -- a step ahead as we -- long term care is something to make sure you -- for how quickly -- your assets be depleted if you had to write checks to the tune of 141000. Dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and -- average cost is expected to increase to 169000. By the year 20/20 six if you or a loved -- are faced with an unexpected nursing -- -- and you haven't -- your claiming yet before you write that check picked up the phone and call the experts at -- and -- at 8668485699. -- and Dolan has been helping families just like -- protect RSS for more than thirty years and they put together in new guide for this month told claiming for procrastinators. -- -- 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 when he eighteen having now wrapped up Tony seventeen. 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. So yes 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 at 2018 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 edgy you know if you're listening to Talking Heads on television every once said about 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 Euro 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 suffer through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. 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 -- 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 over the 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. You think they're better than one that everyone knows that that's where offering to balance the one taking. You can he added tax and wildcat mountains in this game day I'm. They're 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 -- bank is offering in -- savings account providing free online banking with a one point 15%. Annual percentage -- this is an online product only and there's no minimum balance required so log -- to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage -- and no minimum balance and remember this product is only available online so logon to leader -- dot com right now -- leader bank dot com -- -- a step ahead. In new. This is the financial exchange with Barry Armstrong and chunks of us. You're exclusive look at business and financial news affecting your day your city your world and stay in for. In the end up today to promote economic and market trends plus get breaking business news every day. And now the financial exchange with the Gerry Armstrong and sharks done us. The price of oil has a big impact. On the American economy why about this thing about it is they use. Stop by the local gas station and fill up your tank what did you pay for gas and maybe 280 to ninety gallons. What were you paying a year ago to one so that difference now that's that's like a tax increase to argue that's less money in your pocket. In more money in the oil companies pocket. Look at the price of home heating oil. We talked about this the other day in December you were buying your home heating oil for there to 29 to 39 a gallon. Take a look at your last deliveries. You'd pretty good chance he had a delivery in the last week too much guessing your pay and 280 to ninety per gallon for your home heating oil. I bring this up because price of oil has spiked it went up to about 63 dollars per barrel. And I'm a little bit it's about oil prices hi everybody it's buried truck with you here on Wednesday what's oil doing now to me maybe maybe you'd talk me off. Lecture the latest price that we have on oil is 6331. TC. That's and that's west Texas what's Brent to tout 696856. You don't eats it and I don't mean to be Debbie downer. It you know we're getting this nice tax cut right now with what's the average household going to experience in terms of an income tax cuts can be 1020 bucks a week. Yes somewhere in the range of probably 7800 dollars for the year. It sets in a car 1015 bucks a week. So you get you're great you're getting an income tax cut a fifteen bucks a week. But heck that your your home heating oils that all your your gasoline has been more than that so thermostats low. You can do that those thermostats low I keep mine at sixty tutor in the. To win when I'm home and I keep mine a little bit lower than that when now when I'm away during the day. What is your wife to walk around like Coke and hats and you you Wear layers you know you know it's that you Canada goose jackets or something from listen all I know is you pay for a sweater ones and it's good forever. You know he's so cheap. Tucker because the east he's using natural gas which is what that gases to eighty per BTU it's cheap. It's in a ballpark they look at a rather spend my money and other things and he. Yeah institute agrees is pretty well in the truck Prioleau I know what you whenever people come over to our house we have to turn it up. We had a friend who was staying with his over the weekend and he told that he slept in his sweats because he used to cold even under lake blankets and stuff before and so. You come to the not a house you don't stay warm it's January. Yeah we anyway. We we do have a poll question today and a little surprised of the results I think what are we about 59% of our listeners are driving vehicles to get more than 25 miles per count yet there's 58 is when I've got yep. And federally higher than. The eerie I want you to think about this when you're buying a car and especially when your buying gasoline nearby home heating. Probably I don't know with maybe a third of our oil is produced by our enemies attractive people that try ridiculous. Young pulling up right now to the chemical and buy it for the Middle East they all hate us yeah and and yet. We continue to go back to that restaurant erase hate the service crappy food. They try to poisonous the plight jets' indoor our buildings that up what will still buy your oil front if. Every goes so we get 39% from the US domestically. We get about 20% from Latin America the two biggest countries there Mexico and Venezuela. Sixty. Canada provides about 15%. 75 Africa about 10%. 85 Persian gulf 12%. And others about 3%. So our enemies earliest offers you that that the single biggest country that sends a so it was candidate with about 2.2 million barrels day. So they not only do they export oil exports hockey players. And if so is a dubious and so many good hockey players don't think it is that the Bruins played seven birdies on the item of the day it's unbelievable. It's unbelievable how good they are hockey. And it's just the genetically superior and I'm a just throw that in there and I'm knocking is they know like in the statistics there they've they're the best hockey players in the world. And it's tough. The sport to play eighty games a year regular season as it's younger it's it's it's more brutal than football and yet they put edu and a year yup yup. On this but this may not be interesting to you young folks but for guys my age if it's an issue. Doctors say they have figured out how often. You need to work out in order to offset the effects of sitting on your fat rough all day. And if you're like me you know it I've worked in an office since gosh who's 23 years old. And I've just gotten fatter and fatter and more and more out of shape. Until the last yourself. And I start. He might but he just tiger Q might mighty cousin just had a heart attack piece eat you look at the mirror and say. Kind of fat and overweight them take you know kind of drugs because of fat and overweight. Well they're saying if you exercise. Even if you're like me you've gave you haven't big you've been sedentary for a long time. In in your fifties you start to get back on your feet to set an exercise. What they're suggesting is if you exercise but five hours a week you can and do the negative effects of sitting behind a desk. You gotta do it for two years though. So yet it's still losing a couple of years straight of doing that and you know that's the challenge for a lot of people uptight I went to while I've been to the gym a few times so far this year. You know. And this time mere let me tell you that Jim is jam has ever won comes back and is now 28 teams gonna be the years that finally get myself to the gym every day and I always say you wait until February 1 and I'd I'd love to see statistics from gyms to aid feels like there's like 50% drop off in the number of people that go. After the first month does. It a lot of people just they they can't stick with that they don't see the instant results and the other busy with their family they got kids run and all around and and it's it's tough to make time to do it. But I I swear I see so many people just drop off. That one it's just like and I'm I'm given this up but still cold forget about it. The thing you have to do it is this same between five and six hours. Rigorous bigger bit moderate to vigorous exercise each week in order to. Is that even if you have one of the standing desks or you're not getting you know it's wedding me you know when your at the office now so. Five these things hours outing at the office. Five to six hours of a pretty vigorous exercise. Will undo the negative effects. Of what we dual. Which is set again behind desks made the there and the problem is if you wait until your 65. If if you say while just do when I retire it's too late to reverse the effects of alike sitting around if you you're 65 C got to do it. It earlier the better I keep you guys can do when your thirties got bush. I didn't start doing it toes and my fifties and you know if you start to feel a little better in knowing and you start to lose a few. Townsend and maybe get off of the structure to. Don't blow it today again is good news for folks who you know didn't do a lot their thirties and forties that you can you can Terrence ran it takes couple years of effort but. You're not you know you're you're not past the point no return rate right. So we've got some numbers as a relates to Amazon. In you know in their stock prices not to think it's what over 12100 bucks usher now 12:46. As of this morning you still I still do. Got on anyway. The they counted. For 4%. Of US retail sales actually thought it would have been more last year 4% of them all retail sales. But here's the number that is really startling. They got 44%. Of all e-commerce sales manager Turco just talk about in the United States. That's that's the big thing is they are just viewed and rightly so they are one stop shopping at this point. For just about anything that you need and I think as they continue to expand their product lines he continued to quicken the pace of delivery. I IC that. Growing if not staying the same. It it's a yeah you know you look at what they're doing it they haven't even really started on the freeze it right it like they did what one and a half billion increase last year. They're on they're on the ground for there there's still on the ground for for furniture. The still on the ground war effort you know hardware and things like that so it's in that they've got a lot of runway left to go like. Think. How like if if they were 4% of all retail sales. Is it possible to project is anybody doing nice jobs and while they're gonna get up to 12% to 15%. League what's their stock price based. I felt that that's our part I tried the values of music as having dinner with civilian planes at all. You know how do you value a company like Amazon had a heck of time coming up and answer. It's. You know part of it the most valuable part of the company. Right now isn't their retail operations stale it's it's everything their growing on Amazon Web Services that's world profit is the and that's. That is the engine that allows them to spend money to build out the retail operation. And that that profit though they're under attack there because Microsoft IBM oracle. There'll coming after him in terms of that business. They are I I think it's Amazon has the home what IBM used to be twenty years ago the saying used to always be can't get fired features IBM. And today you can't get fired if you choose a WS that's just true it's it is the gold standard. Four platforms out there. It's not always the cheapest. But it's just it's it's it's incredibly consistent when you get an ad depicting that you see from Amazon is just they continue to grow their revenue a 30% a year. Even though they've got you know a 160 billion dollars in revenue like their art companies that do. At that size. You know it's what makes it difficult to value. Yeah if you see yourself okay well how do you back into a 12100 dollar per share indeed you continue to grow at 30% for twenty years and ninety. That's how far you have to go on and packets. It's tough goal now more than six or seven quarters went to. Yeah I mean I'll I'll tell you. I don't in again maybe I'm guilty of buys this I own it and I don't think it's overpriced at this point. They're killing everybody else you know that they're in trading at a bakery and a half times sales which is a pretty reasonable number for company with that growth. Chuck I looked at the holiday shopping. Amazon captured nearly 90%. On line holiday spending between the big four retail so if you look at him. Wal-Mart. Best buy and park it right you think okay those are the good companies have. If you look at the online sales and as I got 90% Wal-Mart and best buy 4% target 2% I mean they're not even in the team. 881 bit. You know those companies and all were to build our e-commerce may. Be soaking Arnold Klein Amazon and it's it's disgraceful it's like it is shareholders in the company must be apple. I I would be. I would be furious with the leadership of those companies would I don't what's difficult is Amazon just continues to lend than that lead it seems like yeah. You know it's it's. It's like wal mart's running as fast they can. And bade they don't have a chance at the moment. What does a hole by her look like a good question right. Truck just bought a house he bought his first house he bought a Condo few years ago we thought is first house last year talkers get ready to buy his first house. When we come back Jessica lofts from the National Association of Realtors. To share with us what the recent homebuyers look like. Maybe we'll have a conversation about what next year's home buyers are going to that is next from the financial exchange rate. 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. Is who's the financial exchange radio network as we age long term care is something to make sure you claimed four. How quickly -- your essence 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 two point 16 if you or a loved one are faced with an unexpected nursing home study and you haven't done your -- 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. -- 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 very 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 but if you reach the point where you're looking to the future call me at the Armstrong advisories 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. 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 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 deal they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking -- -- one point 15%. Annual percentage yield this is an online product only and there is no minimum balance required so logon to leader bank dot com and sign up today this rate may change without notice and don't delay log on to leader bank dot com get all the information about this great offer and sign up today be for the rates changed yet. Free online banking with leader banks in new. 15%. Annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now its leader bank dot com leader bank step ahead. Securities offered to securities America incorporated member finreg SIPC advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group and 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. Get the most comprehensive weekly economic updates from CNBC senior contributor Larry Kudlow every Friday at 1045. Only here on the financial exchange radio network. This segment of the financial exchanges brought you in part by the US Virgin Islands economic development authority. Hurricanes Perot and Maria were devastating but the islands are already well on their way to recovery. If you're looking to start relocate or expand your business the US Virgin Islands is one of the most competitive business locations in the Caribbean. Take advantage of incredible tax incentives that are fully sanctioned by the US government for more information visit. US VI ED EA dot org that's US. The RI EDA. Dot war. Joining us now on the line is Jessica lots from the National Association of Realtors and Jessica thank you coming along with us again. Just door talking about the other trends that we saw on 2017 as far as who was buying homes. How much they were spending and and really what they were what they were buying and how they how they came up to with the the money for those homes. What are we see as far as the median purchase price how much people spend on properties. And it is funny and white required and knee and might be is eat at Indian market rate was 230 I've outlined. And I not going to be your buck says that many of the coastal markets. But that is Betty and Mike here. Do you come out with regional data later on in the year. And meet cute on eight and local over ample actually. That the back is their eaten a Colby. And we XP get them back and watch speak about what their own are released later on at. So looking at the people who bought the property last year the price was 235. How many people need to know mortgages in order to buy a property. At that vast majority of iron in meat market 80%. Come to protect trailed off what they eat out. Are not being the are nearing your thinking about down by adding I'm looking at your camera property on the XE or are bad hop but more and mortgage and app. Ends of the people who did have to take out a mortgage how much money where they typically putting down last year. So among all home buyers are typically putting down ten or I'm. Can't attack is significantly different between outburst came home buyers and I repeat buyers. Our first time home buyers typically. Just had a median down payment of 5% Ian Bennett a current Carol Eric. I want a repeat fired me up equity in the past having a document. Part about it or eat. How do these numbers on financing compared to previous years are people borrowing more than borrowing more frequently what what's what what are we what is the day. Don't let that what do they interest in finding that I other year is that for first time home buyers. Eat down key men on. That could actually need a team not a money because we use eat at home prices are increasing so rapidly. I'm RBP byers that actually Eddie working or spent the last years but not all of commitment fair. Ahmed has remained that it I did eat I would if collapse back. Where people get the yacht the money for the down payment typically do you have any data on that. We do that we actually have a huge laundry list of eight bit wary that perhaps get money for a down payment wrap it up up. We do you eat pork are first time homebuyers eighteenth but all that happy the bank and on the baton. I air the most common way it the meat you eat our beach eat iron at common to have a equity and have to come back and also eating at while. And it and working acts. You know people who needed a little bit of help to get those down payments that are people turning to friends and fairway often. They are and we use either a bird at her and homebuyers are kiddie Eric at our loan from predator relative. I'll mom and dad helping out but it that there. I don't know whether I went into it while. Ends and as far as the the financing process wooded people have to say about that I noted gotten very difficult. Back in year 2010 to 2012 just in the immediate aftermath of the financial crisis what are people saying about it today. We have seen that number eat off a little pay there's fewer people faint at but the most difficult track and a process. I am and many are actually thinking that mallet actually use your Benny acted going and not prop that. I'm old when he first banner saying not out but many of them are saying it's just not in people older not more than expected elegant. Very good we'll just do we appreciate the time and thank you very much for joining us today. Just thought from the National Association of Realtors talking about the trends in home buying in 2070. You know dirty old hole you don't really worry about the market being to copy but if you're buying a house. You know it's funny here that the market's done nothing good housing markets that nothing but go straight up since 2011. He hasn't had a down year pricing though since 2011. And yet if you had an open house. In your town this Sunday even though the weather's terrible right. You'd apple lineup of people looking to buy that house I mean that to me and it is just something. Check I don't remember the demand being this high back in 2005 no maybe it's a function of supply. But boy it sure seems like there's a lot of people chasing very little inventory be it. It seems like I mean we're down below five months of inventory now and see if we continue to see inventory being very tight. It in most markets here. It's it it it just continues to be a good time to be a seller right now and I think it's it's hard to believe but there were two or three months away from the spring season kicking off. I mean and it doesn't even wait I tell you what it'll be the sought Saturday after Ers Sunday after the Super Bowl that is when it really started February you have the disparity. You get you know properties is coming on every week then pretty much through late may. And lest the weather's really bad. You know if you get up miserable February even that somebody might wait a week or two to lose their property. But you know a lot of times in February can be mild you know that that's what the hockey rinks are tough to maintain you talked anybody's got a hockey rink in the backyard. You get to February 15 two pretty tough to keep the ice yep now so. That's when I figure that real estate market starts to heat up. When we come back. Brit talk about air freight traffic why is air freight traffic up so much to. The answer might surprise you that's next up. 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 or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader banker called them learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value leader back. A step ahead of 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 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 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. You are better than one that everyone knows that that's where offering to balance the one taking. You can add cash and a wildcat mounts in the same day Imus. They're just twenty minutes apart in the number ones found in meat. You and I knew that once again WR downhill this winner at added tax and wild cat nap. Ticket dot com. For more information and everybody it's Barry 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 seed your assets from the high cost of a nursing home. And Todd here's a question I have for you what can be done last minute. To see your assets if your spouse suddenly has a stroke induced. 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 Lou 'cause it's all at risk I think that's a point here higher rates at risk he CDs or risk your bra and if you don't terrorists everything in 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 as they won't take it. But the house and her name doesn't have to match while you east right please don't stop there because if you get sick in the house is at risk but at least you dodged a bullet. The bigger issue you're right there is all those dollars rather ironies are non. 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 he could even for an IRA you may have to pay some income taxes to get to where you wanna be. But you know ominously 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. We'll get you there aren't like that not the best way to go you're 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 ax TSB show you. Breaking business news is always first right here on the financial exchange radio network. Yeah. Here's the good news global airfreight traffic climbed almost 9%. Year over year in November. That means struck that won't air freight traffic is way up. That demand for violence is through the roof right date that you you literally you you if you're pilot you can work as much as you want. Here's my question to you how Long Will be before global air freight is flown by robots. You're playing it pretty majority is. Well but this though guys this you'll never have those guys eat that guy will always be in the seat do you think so this is I've got a nephew go to these he's becoming a pilot. And you know I I were out I worry about it because of the things off here's this kid pay a lot of money to learn how to be a pilot is that job gonna go the way don't over. There's actually a really interesting study that was finished up a few years ago in which they found that the colors so much of the process is automated today when you when you have failures of systems on planes pilots are trained as well to be able to respond just as they don't have much time actually flying planes it's. It's it it sounds counter intuitive. But he said there it's like. Oh so when something goes wrong like a lot of pilots don't know how to manually deal with that is in haven't necessarily had. That kind of training your experience historically. They don't land a plane anymore it's significant when what a big 727. Line in the Logan. Isn't at all robotic now know it's as its most well it first did it depends on the plane that your line. First and foremost so he's certain. Different manufacturers take different approaches to how much control. A pilot has Airbus tends to be much more set it and forget it Boeing still tends to be a little bit more hands on. There's different control schemes but. It's it's also you know you have planes now that a fly by wire so you're not actually you know pulling the you're not controlling the control surfaces the same way that you had previously. So it's it's a very different flying system than it was a few years back. Overall you still need a pilot for when things go wrong and you know things go wrong to be something as simple as. You know when to get a strong cross with you that's that's something that is much eat more. Readily done by weren't cheering clients went yeah or changing in our network. You know it's cool it's coming from east to west one minute then it switches from west east yes exactly so. There there's always going to be a need for pilots just because. Things do go wrong on planes in the pilot has to be the one who win the automation or systems break down. Is able to address you get the whole thing you remember the Air France flight that crashed off coast of Brazil few years back yes that if it it crash because the instrumentation showed something different then what was actually going on in the pilots didn't realize it. It and that's why that plane ended up plummeting out of the sky. Probably in Airbus. It was. Anyway debate mighty my point it is. Error free eat is increasing so much because people want stuff right away if you want to fold. You don't wanna wait a week to get your iPhone delivered you won 48 hours if you want your dog food. Great yeah you're not Wheaton a week to your dog food delivered like. You can go on Amazon and many other web sites in order your goods and note that. Who let's say it's Wednesday today so if you wanted to do a project around your house track. You could go online today and rest assured that it. Product that you need to do that housing project would be your house by Friday probably by noon. This do you think guests do with we've gotten worse planning ahead. Hole I don't know I think it's just we got spoiled right Amazon gave it to us for three and was willing to lose money on it now we're addicted to death in the dental. You you look at the way people shop now. Right these big they're just spoiled and and they're not gonna be there and it did up north he did things that I think there online retailers haven't figured out is that they have pricing power. In other words when I buy my bird seed at like I'm willing to pay more to buy from Amazon than I am boot drive you to Lowe's and buy it. And it just yeah has its heavy I'm lazy in and night I don't want to Google's credit rather have a delivered yet the bird seed ready for the spring. I am I am lazy break up the theaters in February you know this is some of the babies come back and now into it got to get ready to go through the family you know. Eat your bottom dollar again. No no no no no no no no. Then this would be Jesse's gonna want one know were were hold off on dogs dogs and kids were not doing for awhile. You guys are missed the boat anyway way is a company it it's got a pretty good valuation we talked about this company a lot of people go to work Ford. It's fishy to you live in cities in wag is and how you put it on your phone. And you can arrange to have dog walkers come by your house or your apartment. In walk your dog or you be very specific about it you can say well I want my dog walks between. Twelve in 2 PM. And yet a lot box on your house that they can put themselves in and get Fido and take them for their thirty minute walking all kinds of verification about it. In a little bit of a problem. With their application. Yet they had a bit of a glitch where some mom obscure pages were still listing. Home addresses and lock box goes not to the person coming to walk the dog. But just your general publicly available and it was necessarily easy to find but once you did it was kind of OK now I've got one now I can go and find a whole bunch. And so hundreds exposed depth it was. Hundreds of these exposed date they say they've fixed it dated didn't include any financial information or anything like that. But you know this is one of those dangers. With you having this information online and again it's not usually the computer that's the problem it's the person programming. So when messed up programming this and and that's why this information was X. Post to great service unity it just speaking we used to have a coworker they use this service and eat eat raved about it because he would get a text message when they arrived to pick up this dog or an email. And then he would get. Tracking key could see where his dog walked. And then and at how much exercise dog got in anyway yet another message as to what the dog did that did he go number one to number two. You know and at what time did they bring the dog back abuse of very. Comprehensive application that was terrific yep it's I've heard a number of people that raved about these apps as well. And it's good to work for you know people like. I talked to a kid in new York and initiated job that she's barely making ends meet. And then choose doing this on at night and on weekends and that's how she was able to pay her rent by yet to a part time work on the car so she could work for over. Pitchers do in this that you particularly 2.5 bucks an hour day market. I see people who run businesses that make an awful lot of money walking dogs do I say this quite frequently you know how much people spend on pet clothing per year. It's not it's north of a billion dollars in the United States if we spend we spent over a billion dollars on raincoats. For our dogs and let me tell you dogs of the doubt the wild for an awful long time. They don't need marine corps of pay that even little boots they need little hats the perfectly fine in their little fur coat and they do just well you know shaken at all all over the house. There. I do have an announcement on behalf of leader bank. The New Year's upon us and that means another great promotion from leader bank and I wanna tell you about their brand new relationship money market accounts you can save your money. And grow your earnings with a great rate. When it opened a relationship money market account. With the leader bank the rate is one point 35% EPY for bounces between a 100000. And a million dollars and it's easy to qualify for. All you do is maintain a 5000 dollar balance you know leader bank personal checking account. In a role in east statements keep a 100000 dollar daily balance in your relationship money market account for more information. Cult leader bank at 8776917900. But there's only a bank dot com that's 8776917900. Edwards the website leader bank dot com. Take advantage of leader bank's newest offer and grow your savings today. Fees could reduce earnings and a penalty may be imposed for early withdrawal leader bank a step ahead member FDIC. Equal housing and. So get the seven best movies in new leak available on Netflix this month. Definitely maybe noses and a new movie but it was released in 2008 but now it's on Netflix. It's a very very solid romantic comedy if I may say so myself. Bring it on was being 2000 deaths that's coming on and not my not my style but about the force this is a 2017. Never heard of it. Tucker you now Abdullah now. Breakfast at Tiffany's classic. The Truman show. Very good movie generated I think excellent movie underrated movie. Marie Antoinette. Was made in 2006. I don't know talk about it. And the godfather in 1972. Yes this is a bid this is. A big score for for Netflix here I'll tell you I mean you're talking about arguably the best movie ever made. And does it as far as I got this I am too shocked. The person. That's that's ridiculous you've never seen the godfather. Never saw Titanic. Never saw it will Titanic wasn't as well a lot of Titanic just some belong in the same sentence as the godfather ever Selig banned her no. Casablanca. Duke. We're we're we're we're done here and watch I watch I would mural like me you want things make you Smart these are movies that were around when you're young. I like like movies that make me smarter document that they not have them in Canada. Maybe news or maybe again it it may be big benefit so many concussions I do I talk to lose that historic numbers it. I had a problem sometimes seven concussions do to wolf. Coming up we'll be joined by Mike Lewis she's the author and founder of the Wayne to jump is next from the financial exchange radio network. To vote on our daily poll question had financial exchange Joseph Johns come out 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 Z rent it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology Tillman McCall does he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. 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 well being and your investment strategy as we head into twenty team 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 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. 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. Pushing him 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. 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 shipped to Iraq we all work hard but 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 -- 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. Dirty suffered through securities America incorporated members SpinRite 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 two securities America ain't members finreg SIPC and 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. 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 search the financial exchange and you can hear individual segments or fools shows if you can't listen live. We've got you covered with the I heart radio out. Joining us on the line right now is Michael Lewis is the author and founder of went to John more importantly he is a college classmate of mine. And Mike thank coming out thus. Mike it's good to talk to you what what exactly is wind to jump for people who are familiar with the. Yes when the job security community and that's based on a digital platform when did you dot com. That brings together the people the ideas insights and frameworks and even resources. I want to do something that's that's it jumped leaving something comfortable to go do what you wanna go do in life and you know we were security community I wouldn't say give restriction on how to live your life or rather bring together you know. The group of people and ideas and and I guess that's SATA told that. They calculated change. How did you get the idea for this to begin with what was the impetus for. You know it's funny IE as he static you know went dormant with you I was I played on the pro. Played on the college squash team at the time. And kept getting a little bit that a little bit better afterschool. While working in Boston and I had a job at being capital the venture capital group what I was doing. But at this kind of police in my head which was your. Does if I can play at the next level you know try to play at that. And the professional ranks and as a kid that always dreamed of it that approach squash toward goes all over the world and it just Felix and they're always. You know would have you don't regret not trying is letting go for it and so. Universe went to jumpstart it. In my office cubicle a couple of years out of school. You're realizing I think two things one. I I don't think I was ever going to ignored his voice in my head to go to the press squash and number two don't gonna come and tell me when to go do it. Actually reached out to another alarm quick and interviewed in a magazine article that had to be happening on my desk and if she had left Wall Street to become a cyclists and so. I reached out and what you told we had nothing do with being cyclists resolve around. The nitty gritty and sexy stepped in I think particularly your show and your audience all around that kind of financial planning the savings and net. The practicality they go into to doing what you love this stuff you don't associate faced occurring mr. Graham but they have particular account and I knew that that right there. With a miniature be a book really community. Let's talk about that a little bit because I I had a chance I ordered your book a pre order tonight has got it yesterday and read through decent chunk of it just to make sure I knew what I was talking about. But that the preparation for. Doing a jump like that it's not something where you just wake up and say OK I've got this women I'm gonna go do it. A lot of these people plan for two or three years to actually make these changes. Yes exactly if if no longer you know I was. Saving up I'd create amount savings account had a I spreadsheet which sponsors to pitch ahead flight deck made there's a lot of nitty gritty and sexiness that doesn't do what you love and I think that's the discourse that's. Not as sexy this year when you're you're going after news Peter looking on and stripped for things are making a Linkedin posts but the church is if you look through the book you know. You know the talks went to jump if the jug that is and the like you want. I think 44 of those young history that a future maybe. You know 35 to forty of them are probably over a year of planning and adding that's the point is. Do what you love but it's going to be or you know a long and and you know so what tough road but it can be worked. Beyond the planning you that you mentioned in the book that you found a number of commonalities. Even deal between people who did completely different things when they decided to make a change what are some of those commonalities that you found. Yes you know I created what I what I call the jumper which is you know easy to adjustable framework to think about. Making it jumped and these were what I would call that the common thread that were woven through. He's 44 stories really you know boiled down from hundreds of thousand this story that collected. Over the last five years from sketch in the cover agent tweet thirteen west securities at a four common traits as seen. You know number one is. People are listening to voice and had breakfast set a voice that won't go away. Number two they're making a plan. And that's a little bit more pragmatic to inspirational. And you go into testing okay you know. I broke into three parts within make plant there's safety net selling or that you building kind of a back up. In case things don't go well you're getting ready to practicing your jump in and as a financial planning which touched on. That the next step is to let yourself be lucky to win you take it jumped. You're actually knocking in everything and I share first. Many of your listeners that kind of scary you know to not to not know what's coming and there's a sense of uncertainty there because actually hedge against it and most people you know all that step to the next one which was the final test phase of the jumped curve. You know don't look back and to me that's so important if you actually planned right you know actor regret jumping early now. Mike obviously this started as a website you now have a book that just came out yesterday were to people go if they're interested in purchasing it. Yes that's a quick question when did jump dot com slash book. Has buttons across kind of all the different places online he ought to just yeah Google at what did you book. And you get on Amazon Barnes & Noble we always like pushing folks taking a local bookstores. You know independence if you're in the neighborhoods the back payers are standard Framingham where every maybe Providence like you know. Any university doctorate in habit but it's. It's everywhere you know we're giving. Shots from you know bookstore airports in. In Europe across the US and Australia New Zealand he get this anywhere. Last question for it before I let you go you're gonna be up in the Boston area as part of the the tour for this book next week where you gonna be in when is it. Yes so Tuesday. January 16 next Tuesday. I believe it's 7 o'clock start time trooper. We're actually going to be live with their founder who is a commercial banker turned out founder of our inquiry along with another woman from the book org accurate. We're gonna live with a fireside chat and a lot of construed in of course great Beers. Our own and then the next night when they will be at the Boston Public Library a little more traditional press talked. You can find in the phone book is events and when did jump dot com slash bookstore. I'm standing on Mike thank you for the time invest a look at you get this thing kicked off. Sure absolutely that's Michael Lewis he's the author and founder of when to jump the book is now available in all major book retailers as of yesterday. You talked a lot of old guys my age and they wish it doesn't. You know Dario and and and look how many great businesses get started by someone who does something that way. That that was the point I was trying to make up they want to thank you for tuning into the financial statements as a what's oil doing Turkey 6338. I I can tell you what's gonna continue to be big stories this week progressed thanks for tuning in we'll see you tomorrow. An extra.