Jan 31, 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 Barry Armstrong and chuck son. Is the stock market correction over may very well be folks state of the union. What are we looking like going forward and talk about that and then finally. Our third story today will have to do with what does success look like how much money you have to make every year. To be successful hi everybody it's Berrian truck with you here. Believe it's a Wednesday and son of a gun. You know chuck the last couple days market was looking a little shaky now all of a sudden it's come way back roaring back as. Yeah I mean it was the fault that we saw was relatively small. In the broad scheme of things you know it was as if it was less than 2% what's amazing is that we went a hundred trading days. With out a point 6% fall in markets that is never happened before. So the run that we had had over the last four to five months was as home market as we've seen. Literally in the history of the US stock market. Let me go back to the twenties very dangerous states we we've ever seen and we had never seen a period that Coleman and I think investors may have been lulled into a little bit of a false sense of security because historically. You know you do tend to see that the that. Phrase that I would use the price you pay for the returns you get in the market. Is is that you have volatility you have to deal with that you have to be able to stomach get in for the last six months. You didn't really have to it was just kind of go down you know quarter percent then okay right back up. The of today we're getting a little bit of a back I don't know if this is. You know something that signifies things are over necessarily. But we continue to get good earnings reports that I think are blue reading the market more than anything else. What do you think about the president's infrastructure plan you know you talking about one and half trillion dollars and mean that's gonna have an effect on certain sectors of the market I'm thinking of in a cement companies for instance try to eat that would be cement companies and companies that are involved in paving roads and manufacturers of big equipment like caterpillar I would think they'd be beneficiaries of a huge infrastructure program. Yeah if if they're able to get it to run meaning in theory you look at in infrastructure bill like this you say look it there's pretty. Pretty wide bipartisan bipartisan agreement. That you need to spend money in a lot of these areas simply because. We have neglected. A lot of this maintenance for the last thirty to forty years according the American society for civil engineers. Beers a funding shortfall back two trillion dollars to bring infrastructure back into an adequate state to prepare. And up all this money would go towards those repair projects necessarily. But you look at this and in the plan that's proposed. You say okay there's some interest in things that you're talking about there can they get something done the question I don't think is gonna be can they get it done for me spending perspective. But hey where where we don't see other cuts and offsets and and and that's where I think you gonna have a tough time potentially finding an agreement there. Yeah I think it still comes back to you if you are fraught fund infrastructure which I agree with you think eight years. Increasing evidence that are infrastructure needs to be aren't yet major capital yup that's it. But I still maintain the way to fund that jock. Is the the gas tax and T Daniel you have a concern about people driving electric RC tax them you sucked out of the surcharge on people driving electric cars. So everybody who's on the road is part is that you don't wanna make it too complicate and only have your. Per miles per gallon per mile per year driven idea that's not a bad idea but the enforcement of it. Is difficulty you wanna make it simple. And consumption based electric gas tax too because. It still encourages people. To be efficient in terms of the type of car they drive right you're going to be more attempted to drive forty miles per gallon car than you are a seventeen mile per. Was it wouldn't be if we're if we're talking about efficiency apartment while tax encouraged people pay. Stay off the ropes you know that's that's more I don't know if you want it I don't know if you wanna do that quality. Of what's wrong with the other wrote your trucker you get paid. The by the mile what's the least there's a former transportation we have. Well it may be that it's in you know and there's a lot varies you can't get rail. You know you rail doesn't come here SC got to use trucks it mr. I don't have a problem with people use in the wrote what I wonder is a deeper. You know for consumption. They kept the gas tax isn't paying for consumption traveled paying for consumption aghast you drive a more fuel efficient car than I do does that mean that you should pay less on the same roads. Yeah tell me why is we want to encourage people to be fuel efficient. But that that doesn't make any sense when we're talk about made its approach fuel efficiency and road maintenance are separate issues. You know if we're talking. Is so so what you're saying is that because you drive a more fuel efficient vehicle you shouldn't have the same responsibility to maintain the roads. Merrill well we imagine back page and well leaving the fact of the matter is we need to have some revenue to fund this one and half trillion 'cause we we we we can't just fund it. Out of income taxes the movie nobody should be in favor raising income tax or property tax or sales tax rate. Is a gas tax that's easiest one to explain it's also the most fair in terms of you know. Attribute eating the cost to the actual users writing you we can argue about forty miles per gallon vs twenty miles per gallon. But chances are the car that's getting twenty miles per count is heavier vehicle doing more damage to roads. Not as sir in my vehicle pro is about the same as yours. You know if such lousy mileage what's up wisely if such poor mileage what is that I don't drive an electric vehicle. Which I think the Fed's gonna do today. Nothing nods for you you take a look at what the the CME futures are suggesting. And at the moment I'm pulling them up right now just to get the most recent numbers 96% chance there's no move today. On the next meeting is gonna be on March 21. And for that meeting on pulling up the data right now just to see. What we are suggesting then. Like never get there so right now it looks like we are projecting about a 75% chance of a hike in the next meeting. And so that'll be deltic it's up to between one point five and one point 75%. On the young the overnight rate. And that'll stay there through the may meeting. And then it looks like there's another chance of a hike in June so right now we've got down march and June appearing likely. September appears likely as well. And December is 5050 right now so the market at this point is guiding kind of an F three and a half range that's the over under for hikes this year. Now now and I thought we get three. That's kind of my eight. Feeling is that we're gonna have three rate hikes this year that will be good that'd that'd be good for savers it's very gradual pace and I suspect Dee tray it will hike will be 25 basis points. I'm sticking with four to five on. I think I think you're gonna have more growth than people expect in the next six months and I think that they're going to be able to hike four times I also think the dollar weakness is gonna play in their favor they're going to be able hike without you know killing US manufacturing. I think you get fortified. Now when a baby but I guess the the if the pace has been very gradual thus far. And I think the risk of only doing three is that you have some inflation it. I I don't look at inflation is being terrible thing to have after having not had much inflation to seniors in theory it. They some benefits to modest inflation you want runaway inflation on inflation 70%. But we had a year to inflation was running three and a half 4% I don't think that's into the world. Is it you know and in the Fed has almost come out and said that there have been you know some piece of members of the Fed that said hey look. If we under shoot for a couple years maybe it's not bad overshoot. Counterpoint to that that a lot of people say is look the Fed doesn't do a good job of measuring inflation so. You know it we talk about health care expenses where. If you go and take a look at at the CPI and how it's calculated. Date they tell you the Bureau of Labor Statistics tells you right out there on the website they say. We don't really know how to calculate healthcare spending so we do best guess they think those are pretty much the words they use. He what does success look like in America today well a company called the most sought to hold 2000 people. And they put together. A visual image of what you success in America looks like now I wanna mention. The average earnings of those poll came in fifty forced this 57000. Dollars 426 dollars which is higher. Then the average American or try to as the average household income directly from wrong but I think it's running around 60000 across. If that ballpark you out and so what's interesting is just from a income perspective. These people came out and said. OK you know if if I get to in the number that they gave was a 147000. On average so about a 150 they said but make it a 150000. Dollars a year on average. I've I've made it I've gotten to where I need to get do so about two and a half times what they're making today. 77%. Said they wouldn't want to make more than a million dollars in annual income even if it was offered as I I couldn't imagine why somebody wouldn't wanna make more than million dollars and Stan. And then not respondents also considering whole value of 461000. Dollars as the mark to school for rain in to shoot for so if you have a home that's worth. 461000. Dollars you've made it now that just shows you the regional as a nation of our economy don't Bosnia. Well we think about though if you go to Concord, New Hampshire right 460000. Dollars a pretty nice home. You go to Wellesley Massachusetts. And you're getting a garage right in the game by Condit may be happy or us ya ya there 460000. Dollars so it it. Gears there's obviously. A distinct difference but again these are 2000 people who were surveyed. Across the country more than two thirds. Consider working from home to be successful because he knew what about the commute. And right now the average commute time to seventeen minutes. I'll take your commute time has a lot to do with your quality of life oh yeah an hour at an hour commute. It adds that just it it wears you that your hero is tired. The people who always amaze me are the ones who commute down for me no national or Manchester down to Boston every day. And a lot of times when you talk India factory in traffic ache in weather in the you know a lot of times averaging an hour and a half two hours each way. You know the rights it's tough. So anyway Tucker so what we have a poll question today what do we got ample cushion today Barea is do you think earning a 147000. Dollars per year. Is quote financially successful. That mark that you just mentioned so what had sort of financial change or dot com to cast your vote. All right coming up we're gonna talk about the big vote that occurred in North Andover. Last night we have the results and give me authority Hurd with the results are. We'll talk a little bit about what happened in North End over end we'll share with you the results from yesterday's poll that's coming up next on the financial exchange. 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. For those of us with older parents the idea of having to move one of them and to a nursing home can be a scary thought indeed in New England according to Genworth the average yearly cost of a private room is 126000. Dollars that number's expected to be 169000. By 20/20 six. Think about how dramatically your financial situation would change if you had to write checks to the tune of fourteen grand a month if a nursing home stay is a near time possibility and you haven't done your claiming yet it's time to call the experts at Cushing and Dolan they've got a brand new guide out this month called claiming for procrastinators. They've been helping families just like yours for the past thirty years and they can help YouTube don't put off today would you might really need to do tomorrow call right now and get this free guide at 8668485699. Protect your assets and your family goalie 668485699. For your free guide or you can download it right now and our website legal exchange showed dot com. That's legal exchange show dot com. Tony seventeen saw record growth in the stock market and I hope that bodes well for all you when your clients of ours are not hi this is Mike Armstrong the incredible arises stocks was really due to a couple of key factors first corporate earnings which are substantially last year and second the so called thanks stocks made the FaceBook Amazon apple Netflix and alphabet formally known as Google which had profound effect on economic growth in the market can when he team B is good or better time will tell but the signs are there that more growth is certainly possible I got a brand new guide out this month that reviews the market's performance from last year and forecast what might come this year it's called the 2017 year in review and 2018 forecast and you need your free copy by calling 803934001. That's 803934001. Or download it right now and Armstrong advisory dot com. Securities offers you securities America incorporated member finreg SIPC advisory services over the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the loss in your state. Our our strong here and I'm joined by estate planning attorney Todd what's key from the loft from Cushing and old we're 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 and hip favorite charities and they wanna leave their money should. But the gets sick at their nursing home in the bills accompany him. And you know this is why we stress salt much to folks I am pleased that. That when they're in this situation. Don't just write checks. Think there's nothing can be I know you think in the five year rule that 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 on accountable. If I check box that you intend to return home a little lean on it but it's not accountable so that opens the money war. 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 allowed you to line annuity and have money pay out as an income stream. Q with 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 you are on Medicaid instead of on private pay what you can look at these pooled trust it might be really old and if you're liking your late 80s90s annuities are work rate so that you need to go to this pooled trust idea. Put money in the air. And still get on Medicaid as well but they'll have a payback provision but at least two beyond that even single people can protect their assets last minute howdy do so well he call Cushing in dole and an 8668485699. And you request their guide last minute planning techniques that can help seed your assets if you want to guide right now simply go to legal exchange showed dot com and it's legal exchange showed dot com or call the people free at 8668485699. Security suffered two securities America and member finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange with Barry and chuck is liable on FaceBook and YouTube every morning beginning at ten days is the financial exchange radio network. Oh. North Andover Massachusetts had lead boat last into town meeting. And they were voting on whether or not tell a while and old lucid technologies building. Be converted into a can't of this growth facility. And we had a spirited debate as it relates to weather dot. You know it would pass and whether nobody should pass. And will be holed talker was not particularly close in the vote last at least according to our client who wrote us and said. Yes it looks like it 14100 to 11100. In terms of voting Dietz to that campus facility question one. So I thought I read that it actually passed 14111100. But they needed a two thirds vote. In order for to be approved so even though was north of 50% they didn't get the votes they needed. Holds that that's tonight that's how I thought I read it okay well. At any rate there's no growth facility going into north and or what were our final poll numbers on Tucker. Yeah final poll numbers just they were 53%. Yes and 47% melt. So I I would think you know if if you want to build the growth facility. It would seem to meet chuck that the place to put it would be in areas that are economically depressed north handover is not economically depressed. Move it out to the western part of the state like polio core. Really many parts of the westerns with many western parts of our state are economically depressed in general states cheaper. Yet the tough thing though is that you do have to do the building though. You know this you had an existing facilities so you had to retrofitted but he didn't have to do all of the construction firm from new day one. But obviously you know the lands a whole lot cheaper out west. Labor's gonna be a lot cheaper out west so it does make sense to potentially look in those directions you'll probably somewhere west of Worcester I think is what makes the most sense. If you trying to find a spot for. Well and you remember we interviewed the mayor of holy. Oh yeah it makes a big push. Ya may as as well they should mean they've got a lot of people who are unemployed the ironic part is you know people in north and her upper voted against right. And then they'll be the first ones to complain about Lawrence which is their neighbor right in and affected audio a lot of people on welfare and food stamps with Lawrence. Well if you it allowed them to work your growth facility Kurt has who's gonna create 15100 jobs. It it wouldn't be on welfare that wouldn't be on Tuesday to be working at a growth this. Well and the other thing about some of these facilities the when they were proposing in North Andover was also going to do you know medical research and so forth. And so it was not just something where it's a growing and in get it out it's say let's let's figure out how to do this safely so that we can you develop ways. For people to use these you know drug safely as opposed to be and has got to go Willy Nilly with. At any rate he's the that's how it shook out in terms of the lack of the boat last night. And we have another hole today which is do you think a 147000. Dollars burning a 147000. Dollars make you financially successful in America today I participated in the vote and I said yes I think yeah if you're making a 147000. Dollars a year. There's no reason you should be able to provide for your family. Have a very nice quality of life and be able to retire at 67 with a nice mistake and it could check from Social Security tightened so. What are the results so far that pulls talker. I mean is still pretty early here but let me do a quick oppression under 4% yes 26. No. Well it and I can kind of understand that Turk is it top 1% of taxpayers in tax year 2015. Mean at least 400 in 2930. Dollars remember what it used to be. It seemed to be in that 1% thank a you're married it was during the Obama administration were 1% were admonished. But the right to the N hero is a lagging. In terms of the numbers that. The top 1%. Taxpayers in 2050s so this is dated information but it is most recent we've got earned 480000. Dollars in the year. And they received 21%. Of all of the adjusted gross income and they paid 39. Percent of all the federal income taxes here what's. Would rather amazing there is the fact that if you get it in terms of number of households yes that's telling you you've got like one and a half million households that are north of new 480000. Dollars and income. They hit it's not a small number of people. Yes it's kinda shocking to see epic as you sit there any say. Do you like how many people really make more than like 500000 a year in the US also nearly while to one half million people. But it would like to do to get in that area in ultra. Work hard work carting get a good education. Homeownership rate rose in 27 teen. First time this has happened since 2004. And we have bullet deals to Hank thank for that. The rate went to 64 point 2%. In the fourth quarter of seventeen from 63 point 7% a year earlier. In the lowest it had been in those looking for that number. If it reached as low as 62 point nine. In the second quarter when sixteenth so we've gone from 62 point 964. Point 2% that's pretty healthy. You're welcome. Yeah the MVP with it's it's because you're generation. Even though their little slow. The they are entering the market you guys are starting to finally have it seasonally might be 35 years old starting to have kids. You're getting married. And that is bolstering the market that is really having a very positive impact on housing and housing prices. Still hasn't caused builders to start. Shoveled. What I'm curious to see on this is where this rate stabilizes. At this point because during the peak of the housing bubble. OK we got up to about sick just north of 69%. Of people. Owned homes in the United States if you go back and look at the previous thirty years from about 1965. Through 1995. We were generally between about 63 and a half percent in 65%. That's that's kind of the window that seemed to be that happy medium right where we are now. EU can make a case that may be you know an additional quarter percent up or maybe half a percent up. But this is kind of where we had equilibrium for most of the twentieth century. And so what I do wonder patent where we stabilize in this market today. I think it's probably somewhere around where we are right now but what I can tell you. Is there are a lot of colonials who still want to buy homes. In baby boomers are ready to sell me so you may see a temporary spike as hate more people come in and other people are seldom yeah. Well and if you are baby boomer this may not be a bad time to think about selling your house seats if you're thinking about retiring to the cape of Florida where Purdue is. We're talked to and we come back about home price because the home pricing numbers were getting. Are just staggering. But you'll make some money selling a house that's next from the financial exchange radio network. 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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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 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 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 texted please give me -- call 803934001. That's 803934001. Or you can connect with me online at Armstrong advisory dot com. 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Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. As we age long term care is something to make sure you claimed for how quickly we your assets be depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing 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 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 done dumb. 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B 900 find out why many of greater Boston's premier property management and real estate companies -- leader bank as they're banking partner call 8776917. -- 900 or email BBO at leader bank dot com for more information member FDIC equal housing -- Time now for Wall Street watch a look at the market's performance so far today and I don't Berrian jug right here on the financial exchange radio network. Mike Armstrong joins us now from Wall Street watching like we got a whole bunch earnings to report on. Merger to hear there would start with Xerox it's going all of them. So. You're as you're out there working with Fujifilm recently and be creating a new company called Fuji Xerox your option or would it be receiving nine dollars and eighty cents a share in cash. I Daria about 12% your date and and today it's up nearly another 7% on the news. Also one of the company reporting earnings is the biggest video game maker electronic arts up about 10%. What's going on there must be good news. Yet they are moving big except based on what their new games they're putting out of that round you have seen this quarter but to mad props about 218 this year which is about a line slight miss actually about it. Much stronger than expected current quarter guidance based on that new game that's been released stock is up eleven dollars trying to force that's nearly ten 9% on the news. Also US airplane manufacturer Boeing is up about 6% in trading today and other reported earnings before the bell must've been good quarter. Yeah and that that stock to have won a best performing stocks 27 he now they're 306 to share beating estimates between now and they also by the very upbeat forecast for 2018. So yes you mentioned up to another 21 dollars or oversee percent on the news. Outstanding thank you Mike that is Mike Armstrong with Wall Street watched. You know what's amazing about that correction that we did have if you can call a correction. Was is really relegated to vote for stocks listen there's just very few companies were pulling back it was very concentrated with doubt stocks. I was a lot of you know yet apple Boeing. You know cover health care united health that was it was you know fairly. Tightly held on at that point wasn't a broad based sell off by any means. It's now interest you know somebody asked me the other day Turk about selling their home the end. They were a baby boomer to your point you heard mentioned in the previous segment that boomers have been reticent. To sell their homes and you're right in IE I've seen day well my wife and higher perfect example we live in a five bedroom colonial. Worse space we rattle around. In the house that we. And I think. You know if if I were in an disconnect going with a blanket statement here which is maybe not the right thing to do it. The there's a perspective. Brewing among baby boomers. Which is might now be a bad time to get out you know because a lot of boomers will say yeah we have our house and we live in the suburbs but it. And we also have a place down Kate but we also have a place you know down in Florida. The ST yeah with the stock market going up in rising so fast and you look at what home prices are doing I was looking at the national home price index. This covers the entire nation track rose six point 2%. And over the last twelve months you. And that what you know the average and any if you looked at that number on an average basis in only goes up maybe three or 4% on average you know if you look at it say over 2030 year period to jerk. Yeah it's it there's definitely as BKA move for a lot of boomers to finally. So they're pleased that the the problem that they always seem to find that I always hear about is the other side of the equation which is okay am I'm ready to sell. But anything that I want to buy it is equally as expensive or I've got my grandkids here I don't want to move to North Carolina or don't want to move to Texas. And so. That's the toughest part I think it's it's not the boomers don't wanna sell. It's that they look out there and say OK some gonna sell my four bedroom 4550000. And then you wanted to buy it to bed for 450 like that doesn't make sense so I think that's the challenge for a lot of folks is. What are wide by on the back into that sale. Well in India trade in terms of pricing you know disease who we're what I'm suggesting is try to time the market you're getting out because the market tie. The powder side to that argument is we're not building very many homes we're only building yet from 2010. The single family starts at backward 632000. Annually. And the long term effort for housing starts struck is a million so we're nowhere near where we have been that traditionally in terms of housing starts. No it's if finally in the last year to it seems like we're making a little progress there but we're still little light based on your historical numbers that you've seen especially. In good economies in a good in good economies were probably running somewhere around twenty to 30% light as far as the construction numbers go so that they're still is a gap there as far as where we need to get to. Especially because we continue to hear about all this demand but there's just not enough supply in the market today. Right right so maybe we shouldn't cellar rooms that are in just the are burning more more my friends are if already bought the place that they're going to. You know and so there there are saying. Well you know I'm retired in and why my driving back and forth. From true story. To Hyannis I don't know I just yet because I like hands aren't just go to Hyannis yet and I think UB CBI could be wrong that I edit I would peace prize if you start to see a wave of boomers. His are also getting older. Boomers are now. You know Africa's boomers probably 6760. Years old. So they're getting to the point where they did they do want to get out there wanna quit their jobs in the and they want to retire. Could be that waves sales come in we'll have to keep that on minds we watched the rest of this year. Pokes a message on behalf of our strong advisory group 2017 saw record growth in the stock market. Know that bodes well for all view in the incredible rise of stocks was due to a couple of key factors first. Corporate earnings which grew substantially last year and second the so called bank stocks made up of FaceBook Amazon. Apple Netflix and alphabet which had a profound effect on growth in the market to 28 team be as good or better. Tell tell but the signs are there that more growth is certainly possible. Armstrong advisory group. As a guide out this month and by the way this is the last day of the month this is the last chance that you have to get this it will not be available again. But this guide reviews the market's performance from last year. And if forecasts. Like come this year it's called the 2017. Year in review in the 2018 forecast again this is the last day you get it. It is January 31 it's not available tomorrow it is available today. And you can get your free copy by calling 80393. 4001. That's 803934001%. In front of computer. Don't download it right now Armstrong advisory dot com. Security suffer through securities America incorporated member finreg SIPC and advisory services are offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are on the affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. You know we have a hole today which has to do with financial success. And there is a night nationwide poll. Done recently. And it suggests that if you earn a 147000. Dollars you're financially successful. Our website address if you like to participate in the poll is financial exchange showed dot com I voted and I said yes I think. Probably the vast majority of our listeners think that earning 247000. Dollars a year is in fact financially successful. Dad's I think part of it and why this is somewhat skewed if we did this poll in the midwest. I bet we'd have 95 close to a 100% people saying it's successful 147000. A year if you're living in the metro Boston you wanna look you know if you wanna live in in the the actual city of Boston. It's tough you know it's it's it gets expensive in her when you factor in now I've got to park my car somewhere and have got to pay you this. Boston is not a cheap city to live in. And I take New York San Francisco tell me all the velocity. A lot of expenses cities what do the numbers would have full results thus far poll results here 80% saying yes 147000. Is financially successful. About 20% saying no it's not. AMD is a local company radar today at a Norwood mass. Some art. That they were. Beers their stock was down in the box and Foxboro Foxboro. V they reported last night in in the stock took it on the action but it looks extra common they're coming back in and I'd like to report on local companies do in the company. Together they've bounced back to bid at this point about 5% in trading today there's a company that very nearly went out of business. Couple times actually once raped in the middle of by the financial crisis. Another time maybe 56 years before then just threw some mismanagement. They appear to be turning the ship somewhat here. The big promised you know that their biggest competition is Intel. And Intel is if they're not just an 800 pound gorilla there like at a 4000 pound hip it's you do not pushed Intel around in any way shape perform. And so I think AMD always struggles with trying to stay ahead of the curve there just because they have such a formidable cup competitor that they're battling consistent. If you take a look at that point person recently I know dropped a 12% yesterday used down below 101000 dollars coin yeah I was taking a look yesterday. Near the blooms off the roses all kinds of problems with. There is there a widespread rumors of fraud and some of these things that are going on now and right I wouldn't be surprised of this thing. Did it it has the look of something that's ready to implode further. Which they didn't FaceBook makes some kind of an announcement as a relates to the point is Weller just in terms of crypto currencies they were going to allow them to be advertise for. I believe they said yep they've banned all ads promoting crypto currencies I think that's what it was just as they said. They could in to insure that you know they were on the up and I'll. Okay they coming up will be joined by Brett porn from Morningstar really talking about a financial company. I'm not sure whether he's bullish or bearish on this companies that don't go out and buy it but I will give you the symbol EIG that's next from the financial exchange radio network. 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. We all know how devastating this past hurricane season was. But the islands are already on their way back and the authorities economic development commission offers a tax incentive programs for companies located in the US Virgin Islands. I'm talking about a competitive. Offshore tax benefit program that is sanctioned by the US government and it allows your business to lower its corporate tax burden by 90%. Many US businesses are already taking advantage of this tremendous program if you're a business owner looking for tax breaks. Talk to the folks at the US VI. Economic development authority one under their website for all of the information that's US VI ED EA dot org. A. As we age long term care is something to make sure you claimed four. How quickly -- your assets be depleted if you had to write checks to the tune of 141000 dollars every month according to -- the average cost of a private room at a nursing home in New England is 126000. Dollars per year and an average cost is expected to increase to 169000. By the year 20/20 six if you or a loved one are faced with an unexpected nursing home study and you haven't done your claiming yet before you write that check picked up the phone and call the experts at Cushing and -- at 8668485699. Cushing and -- and has been helping families just like -- protect their assets for more than thirty years and they put together in new -- for this month called planning 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 -- right now from our website legal exchange -- judge John. Hi this is chuck and Mike here from the financial exchange and as we head into 28 team like a wanna talk about one of the key themes 2017 is that and that was the disruption by technology companies. Lot of major industries yeah it's true you know we talk about the Amazon effect it's not the only one it certainly was huge elephant in the room so if you take a look at. In their activity in 2017 alone you saw the large purchase a 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 that potential leader race. 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 were flying around ams on my. 2018 and beyond. Folks 20s17 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 was put together this great guide titled when he eighteen 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 suffers through securities America incorporated member finreg SIPC and advisory services overthrew securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are on the affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. They say video pads ten pounds. But don't tell Barry in charge the financial exchanges alive every day on FaceBook and YouTube this is the financial exchange radio network. Joining us now for stock talk is Brett Warren from Morningstar and Brett thanks for coming on with us. But we're talking met AIG today about ten years ago it was one of the most toxic names out there I feel about it today. Yeah I think Europe the company that. You know continues to struggle I'm returns are still not where. You'd want them. But I think there's better things ahead from the I think that market news. Domestic leftist doctored and there's been frustration with the along the turnaround is is seeking to take. I'm and that's fair. But I think you know when you look at AIG the root of this problem historically this mismanagement. And I have a lot of confidence in in this deal that they are appointed earlier this year bright Duperreault. As a result of that I think the markets maybe underestimate in the company's prospects going forward. So what are the biggest initiatives that you think can help them over the next couple years. Well I think you know they're the previous the only it'll get things but he also sort and one key regards. Which was. Fixing under right now commercial PNC operations. If if you you know we're leading the firm and you wanted to to bring in somebody to it to a fact that positively. On the artist's take of sesame with a better. Resonant and bright approach he basically built. Piece which is not Chubb. You know especially from scratch in two. You know the premier large commercial PP operator. Tom so yeah the great track record not front and it's gonna take time problem but I think it's commentary. In terms of what he plans it was it makes sense. And you know I think and it's coming to at least two acceptable terms. Which makes the the company a bargain might be given the minister of trade that discount to book. What's the potential downside for this company. Yeah I in this Leo I think the reason be my shy away from it is you know that this company they have had a long history of preserve charges. And you know and that's relatively recent. US and I think there's some skepticism in the can move past that. And that's fair on the terror concern. And about you know continues to plague them I think it'll be very hard for them it's not acceptable return. And so you know is in the course obviously insurers always has you know volatility around catastrophe losses they took a big cat in the third quarter thinks like that which can protect. So there are restless situation. Importantly that the unity of the marketplace today that equates to about point eight times tangible book. You can compare that to an average for a large insurers. One point seven in the market right now and he conceded to the very substantial discount on multiple problem which like that thinking you know provide the margin of safety. For the wrestler here to the situation. Very good Brett thanks for the time catch up soon. You Britain born from morning start talking about AIG. With the ticker AIG if folks you've heard me talk many times Betsy ran before an online rent collection product. For landlords to great service for landlords allowing them to collect tenants rent payments electronically. At www. Z rent dot net with out the need to collect checks most landlords that I know. They use local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank. And stone and bank member FDIC. If your landlord and interest in having your bank acquired zero technology. Told a cold zero team at 781641. 8691. That's 781641. 8691. Or visit Z rent dot net. Stopped chasing down late payments and running to the bank to make your deposits. Get your bank adds he ran to its list of offerings visit www. Z rent dot net or call 781641. 8691. For more information. So chuck what did you think about William all announcing that they're gonna buy thousands of self driving Chrysler minivans. The the futures here like we've we've been talking about this war. You know the last three to five years saying outs three to five years away. It's. Buckle up literally and figuratively it's it is here this year you were going to be seeing people getting in and out of self driving vehicles. On a regular basis. It's if it's quite a story Ameen I I've been thinking about the ramifications. That this has. For both lived in duper. But ironically though we able has pretty significant investment in list. Yeah I mean that they were also meet you Mike who was one of the earliest investors in Hoover. You know that that partnership kind of broke down. I think life sold their shares of detente or did they keep they might still have a small stake him not shore but this is this is big I mean. Look this is you're you're not going to see this is going to be something that you see every single day. But it will be something warrior you know once a month you walk around cities say alleged in there's no one driving that car and they pick someone up. What do you think it away how long. Lord knows it does not. I think the challenge in the northeast is still. You know obviously the greatest one thing because Boston is you know the sign ages inconsistent the turns are inconsistent. The other thing that you have to remember about Boston other northeast cities. The weather is a huge factor with these self driving vehicles as well. You know being able to detect things like lane markings in snow and ice and so. Worst page note no offense here that I I will tell you being from Canada. You'd people in Boston are terrible driving in whether. Oh yet they're off and he there I'd I think the computer would have a better chance of driving in that way than people from boss just. In it and I. Maybe you're good driver I don't know but I I want to I see the craziest things that people try to do lenders and it's going to. We had the the only people that seem to be worse of the people who are down like Atlanta where they get an inch device they viewed as a challenge there like all I can go eighty incentives in late. Yes you can go faster on this stuff and it's the that the big problem is just that. With some of the technology depends on the kind sensors you're talking about some of it is more visual evidence based in some of it is you know moral light our radar and so forth. But why are they using Chrysler products and is there are bigger relief you know is is there something we should read into this. You know only because they can by fiat Chrysler you know it I'm not suggesting they will just. I'm curious as to why they'd be using Chrysler products and I'd you know I don't know it's something where it's just kinda how they've developed the product I guess. The ultimate convenience Chrysler is the first one to come out with the U mini yet they made a call back in the ninety's. Nall is back in the east over the I the ninety's when they made him like this the cool bands several want to they'd like best sellers back then. Oh they did via the date I had one would like it's very weird couple. I just the character curious that the story of very curious about the future of Cooper more than he. Then list list I think may be surprised just because of their relationship with the label but we are able. Is it looks like they're putting themselves in this situation where they put everybody out of those assistant leverage this and they got deep pockets. Tons of tons of money if you're driving to have their limo. But wanna be taken about looking for another line of work. They wanna thank you all for turning into the financial c.s don't forget to vote in our poll which. Financial exchange showed dot com is the website. 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 rich did please give me call 803934001. That's 803934. Zeros or one or you can connect with me online at Armstrong advisory dot com. Juries are for two securities America incorporated member finreg SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's not too late to get a great raid on a whole mortgage leader bank specializes in a wide variety of purchases and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call 8776917900. That's 8776917900. Workers at leader bank dot com. Member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Your dream home is within reach with a Jumbo mortgage loan from leader bank they're jumble loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases in refinances all originations are managed by your bank's local underwriting processing teams for additional information call 8776917900. That's 8776917900. Or visit leader bank dot com. Maverick DNC equal housing lender and Miller is 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 an average cost is expected to increase to 169000. By the year 20/20 six. If you or a loved one are faced with an unexpected nursing home study and you haven't done your claiming yet before you write that check picked up the phone and call the experts at Cushing and Dolan at 8668485699. Cushing and dole and has been helping families just like yours protect their assets for more than thirty years and they put together in new guide for this month called claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or 4018 having now wrapped up 2017. And Mike one of the biggest things that investors need to keep in mind this year are the upcoming mid term elections that are going to be held in November and the effect that they can have on markets both over a short period of time. But also over longer time span. CS certainly there's always uncertainty when you head into election years we've already seen some early elections that took place in Alabama New Jersey Virginia those have been giving us some sorts of indications of what we might see but it is largely unpredictable so we'll have to take a look and you know see how that impacts markets or how it hypothetically could impact markets leading into the end 2018 Antoinette. 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 get 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 is 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 on guaranteed by the bank and may go down in value leader back a step ahead. The calendar has turned and a new year is here it's time for us to reflect back on the year that was -- the year that's to come hi this is very Armstrong and I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 28 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 failures that we need to correct in order for all of our portfolios to remain strong and to grow it's called the 2017 year in review and 2018 forecast and you can get your free copy by calling 803934001. Or download it right now at Armstrong advisory dot com. Dirty suffer through securities America incorporated member finreg SIPC and advisory services are for two securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. 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 the same day Imus be. There's just twenty minutes apart in the number ones out in Mickey. Q now in the once again WR downhill this winner at added tax and wild cat nap. Ticket dot com for more information hi this is very Armstrong and I've told you for years about my relationship with leader bank I've been doing business with them for years because they're always coming up with great deals they've got another one that is surely worth your time to check out -- 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 logon to leader bank dot com and sign up today this rate may change without notice that don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change get free online banking with leader banks in new. 15%. Annual percentage -- and no minimum balance and remember this product is only available -- -- so logon to leader bank dot com right now -- leader bank dot com -- -- a step ahead. In new. This is the financial exchange with Barry Armstrong and showed soda. You're exclusive look at business and financial news affecting your day your city your world stay info. Armed and up today about the economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. We have three big stories that we're gonna start off. This second hour of our show with today the first what has to do. With Americans being very bullish as a relates to stocks and why are we so bullish and what are the ramifications. Secondly we'll take a look at some stocks that have fallen. 4% or more over the last week and how that's influencing the numbers in the Dow and then finally. The disturbing reason why so maybe maybe baby boomers are being hit. Hard with this year's flu hi everybody it's Berrian truck with you here on Wednesday and port. We just look stocks we love stocks well more than we have any time in the last seventeen or eighteen years. Yet in what you're seeing right now in in terms of sentiment. Is the most bullish sentiment among investors. Really gaining in the last twenty years right now it's it's something that we have not seen in an awful long time and part of it you know you you went through a couple. Pretty nasty. Crashes. Into in the interim there obviously you know you went to the tech bubble and then. Through 2008 and then you know all the fears of double dip back in 2011 that a lot of folks probably remember yeah buts. The fact is right now that in a survey of investors out there. There is. About a 2.5 percent bullish sentiment meaning. You know viewed the difference between number of people who say they're bullish verses bearish news actually closing in on 30% right now. Who say they're more bullish and bearish so it's the rate and it's. It is the fact is this is. BO what you typically see in elite stage market rally near this kind of sentiment the last time that you really saw this I was 1999. You know the you look at the economic indicators are pretty positive thing for you you think about things like. We're we're starting to see some wage growth. You've got very low levels of unemployment. I mean he doesn't seem like. And only the age goldilocks economy. It does and the that the tough part in this cycle right now is because this cycle has been so long and so slow on the recovery than. You sit there and you say okay are we in 1995 right now hours in 99. You know are we were halfway through this cycle because there's still is a lot of you know potentially good news coming. Or. You know are there that is the music get ready to stop and an I have. It's it's really hard. To kinda get in the middle of that is on one hand you look at all the earnings that come out and say they're great you look at housing numbers while they're great. Wages maybe they were finally get wage growth yet tax reform to just went through. And then on the other side you say. You have a car sales are declining the savings rates going down borrowings going up those are hallmarks of kind of a late stage rally. In trying to balance that you sit there. And the question in in an economy is never wind is there going to be a slowdown here and it's never if there will be its one and so right now it's pays it twelve months away. Or is it 36 and it that it's really hard to tell right now. We of one of the stabilizing factors in the economy now truck is the fact it. You get so many people collecting Social Security rating you at night early 101000 people a day. That are going on Social Security so that gives them a steady stream of uninterrupted income. That they can dispose of the spent and people who receive their Social Security checks typically do spend all. Yet what what concerns me about the next potential downturn. Is what happens federally. It's I look at some of these states that are be you know still kind of running up against potentially you know budget problems. In if you see a big dip in tax revenue. You know look out on some of these states in the next round here. IE I tend to agree it is a lot of states it would have difficulty issuing new debt to his via an in you know it's that's the big thing that scares me going forward is I think. Overall I get about Connecticut is lucky in terms of New England states. Connecticut's the state that's in the worst trouble or Connecticut Jersey and Illinois those the three. You know those the ones that scare you the most. You know we had a little bit of a selloffs in terms stock prices on Monday and Tuesday is really five stocks that that influenced a lot of that so laughter. Yet it was and in particular you know the biggest name the people were familiar with this apple down about five point 7% over that time. Not Procter and Gail was down about five point two Chevron down about five point three. Who else was down over that time significantly. Church church caterpillar down about 4% in Europe those the biggest negative movers there. The rest of the Dow. Actually held up you know pretty well yet some companies you know if you own night you hear a tone and a half percent if he owned in tele had a heck of a week just because they were reported. You know better than expected earnings report of 7% so. You know it it's. This is why I always cautioned people about looking at the Dow is you look at the Dow yesterday CO OG you know the Dow was off 330 points why are we down over 1%. And they take a look at the S&P and you say. Are the S and p.'s Tony yeah we're down but you know we're we're down you know less than 1% in others there's nothing to be hugely worried about here. And I think part of it also. Psychologically. You know you see a number like 300 points and say oh that's a big chunk. And appoints is like a little over 1%. It's not likely the Dow was at 101300. Points meant that the world was ending 300 points today is 100 points was five years ago. Yesterday we had a conversation regarding. The town of North Andover Massachusetts. And the defeated the candidates. Growth facility coming in to North Andover. Now what you would and we figure out the voting was was it 14100 to 11100 is that we're molester. Yes they needed I guess two thirds of people to vote in favor in order to move forward with it and they came up short of that number. They ended up short of 60% actually. Now that they did didn't miss by much but I'll tell you these. The mayor of holy oak is probably. Got a big smile on his face today when you think. I would imagine and and and look I again on one level is you know it's the classic not in my backyard the situation so. I get that it's no different from. Any other business that you know has adverse effects if you talk about you know junkyard or liquor stores and if you say OK don't want it right next to me. But I would if from the other perspective and say. Whether you wanted to or not. The drugs are going to be in the state. And so it's a matter of what they are going to be in your town whether you say. I want the facility here I don't want the facility you might as well get the tax revenue. Knows five million dollars in a huge chunk. They walked away from five million dollars and 15100 jobs you know it a day for media at eleven days town just like you do very Indy and I would I would have been beaten the drum to take the tax money is our town. Is starving for new tax revenue we don't have a lot of commercial Lou property in and a lot of businesses and our council. For us to pick up five million bucks of property tax would have been used in. That you know the fact of the matter is north and over at the right to vote on it and they voted against. In any here's how I look at it also if I went to North Andover or any time I don't wanna pick on North Andover is they're not the only town that had these votes so it's it's not just them. But if I went to a town and said at one open up distillery. I'd have no problem Paris and yet all of a sudden pale one opened up to grow facility. But yeah. About about well you know it's hook. If you go back a hundred years we saw alcohol the same way that we see marijuana now and so. I just look at that and I say that the talents in states and cities that say hey I don't wanna be part of this. Think a hundred years now they're gonna look back and say. It always in at least five years five years from now North Andover town officials are going to be same point. Wish we had another 45 million bucks in the town off stats you know exactly in and that's the comparison is if I went in with a distillery idea or Horry craft brewing idea no problem date the role money at me just say hey yeah we'd love to have an unwelcome mat Sophia. Yeah they the year that you do it. Pulling on it we we get her own internal polls yesterday chuck on this issue and we're about 5354%. In that would have won in their town we have a very conservative audience right in and so I wasn't terribly surprised that the numbers skewed way. But now actually it's about 64% of people want recreational campus that he be not not only do they you know wouldn't mind having it in the backyard but nationally 64%. Of people want. At some point the federal government's gonna have to wake up and say hey is that people might want. Today's poll question has to do we have success. Financial success. And the question that we put out in today's website its financial exchange showed dot com as you know. Do you consider earning a 147000. Dollars a year. To beast but it to a successful and I voted yes I think that's very successful if he can make a 147000. Dollars a year. Last I checked Tucker we are running about 81%. Were saying that would be successful that's Ritter on their range is now 82% or 82% saying yes he teen saying do. Forget up next we'll be joined by eight business owner we're gonna have doctor John sisal is the founder of hearth stone joining us in studio. As we do every Wednesday when we can find what we talked to a business owner that's next from the financial exchange radio network. The financial exchanges line on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. Is who's the financial exchange radio network. Tony seventeen saw record growth in the stock market and I hope that bodes well for all of you whether your clients of ours are not hi this is Mike Armstrong incredible arises stocks was really due to a couple of key factors first corporate earnings which are substantially last year and second the so called bank stocks made the FaceBook Amazon apple Netflix and alphabet formally known as do. Which had profound effect on economic growth in the market can when he eighteen B is good or better time will tell but the signs are there that more growth is certainly possible I got a brand new guide out this month that reviews the market's performance from last year in forecast what might come this year it's called the 2017 year in review and 2018 forecast and you need your free copy by calling 803934001. That's 803934001. Or download it right now and Armstrong advisory dot com. Securities offers you securities America incorporated member finreg SIPC an advisory services are with the securities America advisors incorporated carry arms are represented Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. For those of us with older parents the idea of having to move one of them and to a nursing home can be a scary thought indeed in New England according to Jen were the average yearly cost of a private room is 126000. Dollars. The numbers expected to be 169000. By 20/20 sixth think about how dramatically your financial situation would change if you had to write checks to the tune of fourteen grand a month they've been nursing home stay is a -- time possibility and you haven't done your claiming yet it's time to call the experts at Cushing and Dolan they've got a brand new guide out this month called claiming for procrastinators. They've been helping families just like yours for the past thirty years and they can help YouTube don't put off today would you might really need to do tomorrow call right now and get this free guide at 8668485699. Protect your assets and your family goalie 668485699. For your free guide or you can download it right now and our website legal exchange showed dot com. That's illegal exchange show. Dot com. Hi this is Barry Armstrong and I 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 and they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 25%. Annual percentage yield this is an online product only and there's no minimum balance required -- log on to leader bank dot com and sign up today this rate may change without notice so 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. Free online banking with leader bank's new. 25% annual percentage yield and no minimum balance and remember this product is only available online so logon to leader bank dot com right now that's leader bank dot com leader bank a step ahead. If you missed any part of today's show not to worry good financial exchange showed don't come in quick listen. Then click on demanding catch up on every segment. You'll also find podcasts of all of our full show us just punch of that listen button had financial exchange show does come. Every Wednesday on the financial exchanges trying to local business owners on. Guess that's what it takes to run a business what it takes to start a business today is no different we're joined now by doctor John sisal. Founder of hearth stone and John doctor thank you for coming Elvis met pleasure track doctor what exactly is Horst and what's the business that you. Hearth stone actually the name's Carson Alzheimer care. Has been in the business for 25 years and we provide. Residential assisted living care for people with dementia. I decide to get into the business to begin. I'm originally a sociologist originally and people and dealing with the physical environment how can we design places. Better for people whether they be hospitals will they be assisted living within the housing. And how can we make the physical environment help people. People would dimension. Because they get lost. They don't know where they are etc. but the physical environments can sort of be like a prosthetic you can help them know where they are he can help them know where they're going. And reduce the symptoms of one hearing and and and and homelessness can give an example of a change that you make any physical location as a positive benefit for someone with alzheimer's well very simply if there's a destination. That somebody can see who they know they're going. They don't wander so getting rid of turns in hallways and things like it and literature I'm always and at the end having. Either the dining room the living room music room something witness something going on is not only good enough to have the physical change. You have to also managed. The the what's going on there that the program and call it that. So that it's engaging. So now do you run facilities for people who have alzheimer's. We run two facilities in Massachusetts Coca one and what's in a Marlboro you and the other in Woburn. And those have been going on for fifteen to 25 years actually a long time. On their in partnership with the comings properties group who run new horizons. In choate. A hospital in Hilton hospital in Woburn and in in Marlboro as well. And we've been providing the dementia assisted living out their for many many years how many patients how many people do you have in these facilities right now. Well the ever stays about 22 and a half years and altogether. There is about 75 residents in the two residences and the two communities that you don't call facilities. And but the turnover as as you can guess over the fifteen years we've. Served and treated and cared for hundreds and hundreds of Massachusetts residents and even people who come from. I'm from other states because of the unique type of care that we for the difficult is it for you to hire. People to work in these communities because. Obviously when someone comes into one of them. That the number one concern in the family or friends have a say is this person go to be adequately cared for do you go about hiring someone to work. Well I'm personally you give them a good job. And that is very important our whole approach is to engage in coding statement replacement treatment which is if we can engage. People with dementia in something that interest them. Find their grit as it's called an in in in schools. Then they don't do what other people think is associated with dementia than not aggressive and not anxious and I agitated and they are not apathetic. So what we're offering as a job. Is a job where people can engage other people that they care for. We have ninety plus or minus ninety employees awhile. And over half of them over 50% have been with us five years and longer. 25% of them 20/20 seven people actually. Have been witness over ten years. So we we can in an industry that often has fifty to 80%. Turnover every year. We keep the president that that our staff much longer and that's how we can and to attract more staff because we get a job that's meaningful has not just. You know taking care of some doing a task. What do the trends that I've seen statistically in the elder care field. Eased towards older people actually participating in that cares that's something that you've seen yourself as you've got about hiring in managing these communities. Well first oval. We engage family members in the care as well in other words in planning. For what is interesting in helping us in helping guide us in this engagement. Treatment in Marlboro. And then in in in. Woburn in addition to that we are now training across the country. We develop a knowledge and training program. Around what we called I'm still here approach it the name of my book. I'm still here and it really is how do you help staff around the country. And we've got we've got at least we have to train leave we absurd. Certified. I'm still here centers of excellence that we certified. And there are 25 now around the can't deal with California to Maryland. From Nebraska and Wisconsin down to Texas and Illinois and the Louisiana. So. We're ready spreading the word not only to the 75 did we take care of on the day to day basis but also to. Over. 50600. People nationally. And we've trained over 5000 people over the last few years in this hope for a being the training that you mention you know obviously we don't have. When he made a steal through but. What are some of the key points in that training that you make sure that you get across to people. How to communicate with people with dementia respectfully. And indignant with dignity. How'd it look people in the 90 was he on the same level. How do engage them how to find out what is of interest to people with dementia in a way that you can then have a conversation it's interesting. Rather than grab them by the arm and say hey you gotta go take a shower. We don't have the coming of responsive behaviors. In the negative response of behaviors to negative actions. Because all the stuff we train. Know how to know how to approach know how to communicate for example in dining. Rather than say you'll always like the ham sandwich. Or you always like quiche that we always offer choice Oca even if the person has never chosen anything else those in which of these two things would you like because it's dignified. It gives the person cents. Of who they are and and they never lose that. In terms of how you run your business today what are the biggest challenge that you face in this in this business environment. That's a good question the first largest challenge. Is it is is differentiating. Who we are and what we do from others because there's lots and lots of people and lots and lots of communities. That provide what they call assisted living dementia care but it's really custodial. It's keeping people safe and and and and and healthy it's not working on their function now in the sense of self. We want the best kept secrets and in Massachusetts. In the sense that that people say well there's there's this are stillness other ones. And around the country nationally where we train we have a much higher visibility the first challenges. Gaining visibility for the uniqueness of what we're doing here in the mob around and move runners in north and west of Boston. The second is always. And staffing is always an issue now we have over 50% of our staff who have been with us for half for a while longer than five years sort. But still the early stage of of people hiring people. You wanna make sure they're right and we hire we base basically start with hiring on empathy. Do people feel that this is important to people care about what they're going to be doing. And then we train them. They don't have to have the experience but they do left of the commitment. To do more than just a task doctor we've got about twenty seconds left to someone is interested in learning more about these communities where they go to find information. Well we have website www. The hearth dot work. We have a phone number 88814. To care CA RE. And the real thing I want to end up witnesses say the big difference between what we do and others is we believe in hope. Let's hope not in terms of wishing for a cure but rather in the belief that you can make a difference so our motto is Weiss CM AD. And we have little buttons and give you want to and outstanding you can make a difference and everybody can make a difference in the lives of people with dementia. If they. Really know what to do. Very good doctor John sisal founder of. 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 that 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 not 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 in the year that's to com 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 exists both globally and here at home 2018 holds a great deal promised an 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. Securities operative securities America incorporated member finreg SIPC advisory services are with the securities America advisors incorporated carry arms are represented at Armstrong advisory group in the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always CP voice of a professional familiar with the laws in your state as we age long term care is something to make sure you claimed for how quickly we your assets -- 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 -- and has been helping families just like yours protect their assets more than thirty years and they put together in new guide for this month called claiming for procrastinators. It'll are for you strategies that can help educate you on the steps you need to take to protect your assets and your family do not put off this call any longer get your free guide today by calling 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange Joseph de John. Are better than one that everyone knows that that's where offering to now and then once again. You can add cash and a wildcat mountains illness paint hey I'm the only thing. They're just twenty minutes aren't in the number one's in neat. You now and then once again WR downhill this cleaner and added tax and cloud cap mountain. Ticket dot com. More from everybody it's very Armstrong and I'm joined by estate planning attorney Todd what's 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 yours a question I have orient. What can be done last minute. To see your assets if your spouse suddenly has a stroke and is. Permanently confined to a nursing. Yeah and it's primarily about your home. You know that's the big asset that you sure you know well that bid if you've got money in CDs or brokerage account her diaries I mean I'm concerned about old. We that's a good point that you could lose 'cause it's all at risk I think that's a point here higher rates at risk you CDs or risk brought together 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 matters while you eat. Right please don't stop there because if you get sick in the house that risk but at least two dodged a bullet. The bigger issue you're right areas all those dollars rather ironies are non. And really at that time you're probably looking at one of these last minute Medicaid and knew what he is even for a diary you can even an IRA you may have to pay some income taxes to get to where you want to be. But you know honestly 141000 dollars a month to pay the tax god 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 on the not the best way to go here you better off doing advanced planning but there are last minute planning techniques can take advantage or. Call Cushing and dole and 8668485699. That's their phone number you can download. In January guide by simply going to legal exchange showed dot com that's legal exchange showed dot com go to that website. Download the guide today or call 866848569. Like us on FaceBook and follow us on Twitter acts TNT show yeah. Breaking business news is always first right here on the financial exchange radio network. This segment of the financial exchanges brought to you buys you rented vero landlord. Take advantage of zero to fully automatic online rank collection tool. It's free for landlords with an account at a participating bank it always free for tenants. Now a collection of local banks are offering this unique program. Including leader bank and stone and bank sign up and have rent payments deposited directly into your account call 781. 641869. Went today visits he rent dot net for more information member FDIC. Joining me in studio right now is Todd let's ski from Cushing and Dolan Todd. Could see again. Nice to see Todd we've we've got this guy that you've put together for the month of January today's the last day. That that people can get it actually it's titled planning for procrastinators my first question for you. How do you define a procrastinate or when it comes to a state plan. That's a great question I would say that if you are sixty and over and you haven't done your planning. And you're concerned at all about protecting assets from a nursing home. I would say that's procrastinated so it's not wait until the night before it take you got a plan years in advance exactly I think you need that five year look back and if I'm 6065. And I can have this in my rearview mirror by the time on seventy. I think I'd like to do it but if I'm eighty it's a little harder not impossible. I'd still gets started but it's always better to get going early what's the cost of a nursing home in the New England area today. They I would say inside of 495 anyway you connect thirteen to fifteen grand a month. And that number's been increasing armor when I first started doing this you know 910 years ago it was 101000 Aaliyah and so all of a sudden you say OK now we've gone from ten up to fifteen. You go forward 510 years Elvis and say hey could be 20/20 five months I have not seen. It's slowdown in any year. So when you talk about the type of work that needs to be done you know lot of people come in with a question okay measures go on you know web site and do this kind of work. This is a little bit more complicated yeah IE you're not gonna find these cancers. On the website these are for all those folks who. Also might have somebody going in the nursing home right now or thinking about it the next thirty to 66. Months maybe sixty days or six months. You need to say what can I do now. Their arms last minute things that can be done to stop the bleeding don't just write the check thinking I got five years I can't do anything. This is gonna give you a whole ton of information about how you can do things last minute. What kinds of assets can be protected using the type of planning that you're describing is it just if you have a big investment account or can you do properties as well. You can do properties properties are protected last minute by renting. Vacation home era orb or hold itself few turn into a rental Coca that's fine. And and really money you see you can do both if you have a big investment portfolio kicking around and you say oh my goodness how my gonna get that under. The exclusion amount doctors like 2000 dollars if you are single or a 120000. If you're married. How do you get that number down from 500 or 600000. You would buy a Medicaid annuity. And these annuities magically convert the excess assets into an income stream right there for the person who's in the nursing home. Or for the healthy spouse Phyllis not to bankrupt the healthy spouse and naturally what you look out for here is not the bankrupt healthy spouse folks. Article as titled planning for procrastinators. And this is the absolute last day that you can get it right now it's 1137. On 131. There are twelve hours view to get this guide if you are paper crass manner again. You gotta be someone anywhere around sixty years old and you have not done your state planning tablets he says that you are procrastinating. If you fall into that category. You call the experts are pushing him dole and at 8668. Worry. 5699. Chris can dole has been helping families just like yours protect their assets. For more than thirty years they put together this guide called planning for procrastinators it again this is the absolute last they can get it is available. For just twelve more hours and then it's done it offers you strategies that can help educate you. On the steps that you need to take to protect your assets and your family. Do not put this call up any longer get your free guide today by calling 8668. Rory. 5699. Again today is the last day to get it if you're sitting in front of a computer right now and say hey don't wanna call it rather go on line. Go online right now at legal exchange showed dot com. And get the free guide from Cushing and dole and title planning for procrastinators tunnel ST thank you very much thank you chuck always pleasure. Absolutely that is Todd wants. From Cushing and dole once again you give them a call 8668. Foray. 5699. You know Amazon is killing a lot of different industries in Norwalk through some of these. Key highlights but certainly the electronic companies something about companies like. We leave you remember circuit city's east the in existence they went out of business from not ten years ago. Before that yet crazy Eddie go out of business crazy now that's a blast from the past the that was a New York company. In the early in the Boston area for her briefly five or ten years at a big story in Framingham. That nice to go to. But the tree you know electronics companies Amazon has just eaten lunch because people would lit by my own father you walked into an electronics store. If you look at you know device write something because there'll the same right with the U by Dell computer from Amazon or Dell computer for best buy it does matter. And it's out of again you'll use the Wi-Fi in the best buy store to buying a computer from campus. You know they hit it down using their own Wi-Fi against them yeah I mean that's that's literally what's happening. Yeah I mean look I I I was in the market for new TV last year. Yeah shopped around today Amazon's got the best pricing ordered a from enzyme now granted they then did lose the TV in a warehouse somehow. So it came a week later but they gave me 10% off for my hassle but it's again I I I went in to best buy to look around. And I read a bunch reviews and said okay used on doing that I shopped around on the best price on Amazon. How much did you save back on Amazon do you mind me asking about 250 dollars. See that's that's enough to make it worth your riles was up before the 10% off those before the 10% a lot of new included yeah I was it was more than that. Name the you know you wonder how they make money doing they they they almost don't I mean remember Amazon's margins historically. Around half percent Jeff Bezos says look I'm not trying to make the most money and profit. I'm trying to build the best company. Another area consumer staples is the others they're killing it. I didn't know that state digital that in this on makes the room batteries so if you wanna abide to all the batteries are I I don't like forty of those things Norah. It's a classic by the gross that I how how are they talk their batteries and other work. No but do they are the is good is a terrorist cell Hillary you know. All ball. On the tiger and address as their own money those those accurate. Whether they're killed the consumer staples sector it they're just today the air owning because to your point if you buy batteries. You know you eat you don't really care if it's the shiny package and he's one battery that works at once it's in you know my remote control. Long as it lets me change the channel on OK there. Department stores they're they're not the tar out in its interest that they're not just killing you know not just hurting you know Wal-Mart Kohl's. They are hurting you know Nordstrom's or hurting both the high end retailer in the mid range retailer. What's so interest in an NF Sid this before but if you look at how retailers developed in the twentieth century and in why they develop the way they did. The department store came up because it was OK if you want to have a huge selection of a ton of items. This is the model you have to have a 100000 square feet and that's got to be what you do all of a sudden Amazon comes Francis I. We give you the same selection. And you don't have to go anywhere so now that department store model has to pivot to. Okay what can we do that gets you here that you can't do we're get anywhere else that's why. Yeah of the ideas are Qaeda report restaurants back in our stores to be come up with private labels in other. Those are the things that you're seeing now. In the fight back against Amazon. It may be too late for some of them. I wonder if Amazon I haven't seen them maybe you guys have paid eight in have you seen them in the travel business like the vacation packages. Face to buy. On vacation packages from TNT travel and you know the family would go to saint Maarten for a weaker in other EU or Disney or whatever. Amazon really has gotten into the trouble as the summit. They made an attempt I think back in thirteen or fourteen today I think they got out of it I think it was called like Amazon destinations or something like that. And I think they tried to get into it now I think they exit pretty quickly I don't know exactly why. But I think they had something for like maybe 68 months they were trying to get into and they couldn't make it work for some reason. Because they've killed a bookstore this straight game that bookstores by lord. Yeah at a camera plus title in the bookstore and you. Non needs of the they've killed men and and just to you know kind of rub it in. Then Amazon said OK now we're also gonna open physical bookstores just approved use that we can do this you can't. And. I are still skeptical about their to areas where I have still a little bit of skepticism it'd be growth for stores. And then of course yesterday's big announcement that they're gonna dominate the healthcare business with JPMorgan and Warren Buffett. I mean you I I think. Beat me beat biting off more than connection with the health care. They got some good partners there though you know you look at it and and virtues music gets in insurance JPMorgan is good as he gets when it comes transaction processing. Gates its interest thing. Now we will see a day the it's it's just such. Labor intensive business it is in indicates it is so much licensing you're doing with all the different state regulators and minister of a struggle now just with logistics industry state regulators. He tried dealing with all this aid the AMA you have to do the game made ineptitude nurses union you got to do with pharmacists. I'd a I'd look I love the company uniting yet I admire what they've done ID of the little bit skeptical about there ability. To get into the health care business and and I'm still. Little skeptical on their their ability to get into the Erfurt business and it's I am not sure they're gonna dominate the way people think there are. Yes I I I wonder more about the groceries and health care you know health care I think they have a long road map but I think they have the skills to pulled off grocery I just. I still have questions about. Produce. Me anything like I still have questions there there's still is you know a solution that needs to be figured out there but. I think in health care I'd I don't think it's going to be quick for them but I think you look back 1015 years now many say. Okay they dated something innovative and interest in there. Coming up speaking of health care we're going to be joined by Jessica young she's a professor at American University or a talk about how your health. Is different based on where you live that's right the county that you live and will affect your physical health that's next from the financial exchange radio network. Bowed and our daily poll question had financial exchange showed dot com while you're there buyer of the media player and watch the show while you work. This is the financial exchange radio network. Tony seventeen saw record growth in the stock market and I hope that bodes well for all you when your clients of ours are not hi this is Mike Armstrong the incredible arises stocks was really due to a couple of key factors first corporate earnings which are substantially last year and second the so called bank stocks made the FaceBook Amazon apple Netflix and alphabet formally known as do. Which had profound effect on economic growth in the market and when he eighteen B is good or better time will tell but the signs are there that more growth is certainly possible I got a brand new guide out this month that reviews the market's performance from last year and forecast what might come this year it's called the 2017 year in review and 2018 forecast in you need your free copy by calling 803934001. That's 803934001. Or download it right now and Armstrong advisory dot com. Securities offers you securities America incorporated member finreg SIPC advisory services over the securities America advisors incorporated Barry or are represented Armstrong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the loss in your state. If you're a hard worker and you created a successful business I've got a message for you they can help the business thrive and grow Titus is Daria are strong on behalf of the US Virgin Islands economic development authority. We all know how devastating this past hurricane season was. But the islands are already under way back and the authorities economic development commission offers a tax incentive programs for companies located in the US Virgin Islands. I'm talking about a competitive. Offshore tax benefit program that is sanctioned by the US government and it allows your business to lower its corporate tax burden by 90%. Many US businesses are already taking advantage of this tremendous program. If you're a business owner looking for tax breaks. Talked to the folks at the US VI economic development authority one under their website for all of the information that's US. VI EDA. Dot org. As we age long term care is something to make sure you claimed for how quickly -- your assets -- 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 planning yet before you write that check picked up the phone and call the experts at -- 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 guides 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. Are you financial advisor who's been serving your clients diligently unsuccessfully for the last thirty years how much longer be planning on operating your firm and if you're closing in on retirement do you have a solid succession plan in place this is very Armstrong if you're asking yourself these questions I'm interested in talking with you my firm the Armstrong advisory group is looking to expand through acquisition are firm is based in Massachusetts but we have ten offices throughout New England to service our client base making it easy and convenient to conduct meetings we -- affiliated with an award winning broker dealer and we have a stable of professional advisors to have over 100 years of combined experience in the financial services industry if you're interested please call me at 803934. Zeros or one that's 803934001. Or visit us online at Armstrong advisory dot com. Securities are for the securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Security suffered through securities America each member finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong represented if 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. And this segment of the financial exchanges brought due in part by the US Virgin Islands economic development authority hurricanes Irma and Maria were devastating but the islands are already. Well on the 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 you asked the high. He DA dot org. Joining us on the line right now is Jessica young a professor at American University. Just to thank you coming on with us. Just go what exactly was this study that was put together regarding. Where you live and your health can you give an overview of what it was looking up. Looking at a variety of health outcomes across the US. Looking for connections between economic conditions and overall population health. Tyler interested in understanding how economic environment in which a person lives or population lives. Ultimately is related to how well they live and how long lately of. When you talk about economic health the re talking income assets are bowl. We're talking about both and other things as well though. Economic well being more than just about poverty or income levels go about you know opportunities for good education. Opportunities is it could be totally totally. So what did you find is far is account user communities that. We're not as economically vibrant. What you find when it came to people's health that lived in those communities. The people who may have been distressed communities we're more likely to list thicker shorter lives. You know this pattern began at our. Babies born in distressed communities or 20% more likely to die before their first burst stayed at home and prosperous community. See that trend goes throughout adulthood looking at obesity levels looking at premature mortality rate things like that. You mentioned that this continues kind of from an early age all the way through adulthood. Is did you find any evidence that any kind of intervention can stem the tide on that front. Well this in a bipartisan problem requiring bipartisan solution. We're going to have to look. At how policies. Cheap economic conditions and health conditions. We can also look to prided. Public partnerships. Such as things that. Collegiate p.s are supporting you know in article that road I've mentioned aid program. From that build healthy networks. They highlight it in Sacramento that focused line. Supporting you mean by that might see what brown you're Latino latent that we normally yeah yet or industrial purposes re purpose that. Them for. Healthier property. And and we see a whole bunch that in the northeast there you know whole bunch of mill towns that have said okay we're gonna transform from. You know previously being textile mills in we've got a you know apartments with you know restaurants and shops below. Greatly speed at Baltimore's ground and in Washington DC. Looking at one of the biggest problems facing us today substance abuse. Is there a correlation between the economic health of the community and the rate of substance abuse. And we're seeing a lot of research coming out showing connection between economic conditions in substance abuse. You know sometimes people turn to. Substances to help them cope with poor economic conditions. Overall when you look at someone coming from a good economic background and someone who does not come from one that's as strong. What's the overall difference in life expectancy if there is one in those two communities. And so on average you can see a difference of five years. And yet and in some places that even more than. Five is five whole years to just because of this that type of community you were born in. Exactly and imagined a social consequences lost productivity from. Absolutely fascinating Jessica thank you for joining us really appreciate it. Just gave young a professor at American University talking about how. Where you grow up and the the economic community grow up in the Specter overall health. Who knew who knew. You never knew that it was the quantified right you always suspected I had years that's huge then that's the yeah. If it's the hero if you've got to wanna fight you've got a number. They're speaking of numbers. National Grid is going to be increasing the price of snatch natural gas. At least for Rhode Island residents but I would think if they're doing it riled their price and institute all across New England with the. Yeah and they're seeking a a bump of about fifteen and a half percent overall. And largely just due to the fact that natural gas is more expensive than it was a year ago right now that's the biggest thing liberty you know look at liberty utilities in Massachusetts they're racing it by 41%. That seems high doesn't it would have made us I wonder if they just had some kind of bad hit hedging strategy hedging strategy that didn't work. Who do you buy yours for ever source. They're not on the list I know I didn't see him there so maybe it means it's really bad. Berkshire is going up by six point 6% Columbia gas is 31% increase. That might be ever source put it Columbia though good. Wonder liberty utilities 41%. It cheaper gas electric you're getting 17%. Hike Boston gas 11% colonial gas twelve point 2%. Blackstone gas ten point nine you can commiserate with those of us who buy oil track as we've been paying through the nose for oil slipped to fill just for the miserable. Yes that's right there ought to thank you all for tuning into the financial exchange today it's very shocked and Tucker. From the financial exchange radian.