WRKO>Audio & Video on Demand>>Full Show 3-1-18

Full Show 3-1-18

Mar 1, 2018|

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

And. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sending your world stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Three big stories to begin today's program one. Has to do with gun control and yet another corporation has we'd be in on this great debate. Second story has to do with nonsmokers. Should nonsmokers get extra heat vacation days. As compared to their smoking coworkers and then finally who's winning the week watching. Wars well we'll talk about all three of those stories hi everybody it's Berrian truck with you here on a Thursday morning and you know chuck I thought that we would just talked about. Wal-Mart. And Dick's Sporting Goods and there are. New policy as it relates to gun sales but then this morning Kroger and I beam no crow were sold guns but they have division I guess that sells guns. They also. Are now saying hey we're not gonna sell guns to anybody who's under 21 years old. Yet in this seems to be pretty much. Happening across the board at a lot of these retailers are mean obviously these three. You know making the move now I wouldn't be surprised if you see a couple others. Potentially get on board with this over the course Reno the next week or so. Simply because there seems to be ground swell. Of taking this action even with Alps. Any type of government regulation. To prevent the sales of guns to anyone under 21 to begin. What's providing the motivation on the part of corporations you know we had a Dix. CEO come out and said it was a moral objections and Wal-Mart now just literally hours later. Coming out and saying my thinking is you they're getting a lot of pressure from stockholders. Rate the big institutional stockholders of these companies. Because they're public key to all three these companies are publicly traded books Dick's Sporting Goods. Wal-Mart in crow all public companies so investors like Carl Icahn the activist investors can pick up the phone call with CEO and say. Hate you stop sell on these guns war. We're we're gonna to sell our shares in your company in the listen to those conversations to get that truck with they're getting consumer. Activism where consumers are saying tape Wal-Mart either stopped but he could appear act in terms of gun sales are we're not gonna shop there. Well I think it's probably both of those the other thing is Dick said disclosed yesterday. That they had sold a shotgun to one Nicholas cruised down in Florida and I think I think a big part of it is just. They don't want to be responsible they don't wanna have the bad headlines in the future. If you have something like this that happens they simply why don't want to be you know having their name linked in any way shape or form. 21 of these things happening in the fact is when you look at a lot of these they tend to be. People in their teens who are BO. Just messed open in Condo you know lose that. And I think they're saying look you confined to you know far more stable people. As you go all we grow older simply because people don't. On the of people are just learn how to deal with things better and they just don't wanna be deal with people in there him in their teens to be quite honest I think that's the big thing is they don't want the chance that their link to another one at the news. It's intriguing though I I find it intriguing that corporate America has taken the lead on this where congress has not dealt with it at all. So. A big thing about this over the last couple days isn't that. Kind of what we want when it's all said and done is do we we we always say look we don't want government to be involved in how we run our businesses are our families. And so if businesses come out and say. Look you're gonna do anything will take care of it. Is isn't that kind of what we want when we say hey you know let us handle our problems. And that I gagged us so be just the death. If you read it it's the opposite if they do what we want it's kind of the opposite of what we expect. I think. But it yet nonetheless. Three big corporations and I think you'll see others follow suit you know they are wonder though by the company that Cabela's will fall suit you know that's the one that's going to be entry. Yeah the couple that are going to be interesting to watch a Cabela's and and bass pro shops which is owned by Cabela's those are going to be. The the big ones to watch you just because you Tennessee far more transaction it's that those then you know I get I didn't even know crow were sold guns. Theo is now that I had no idea at all what they have a group of stores that sells Grammy. I know obviously they're not next to the broccoli but you're right it's you know I just I had no idea that they even had eight chain. That was in outdoor sports you know it did and I had no clue. It is anybody in our office smokes cigarettes and he gets decrease ever seen anybody of firm please walking down a house or Europe or unspoken one right now actually. No I haven't seen anybody actually know. A smoking is weak that would percentage of the population smokes cigarettes now objectives like it's it's come down steadily rapidly over the last ten or fifteen years I eased. He used to be outplayed the numbers with pay who used to be back in the sixties. 40%. Of American adults smokes cigarettes I remember that much. And then I think most recent staff that we had this might be down to about 15%. Or something like you're. Much dead on the money as but when he sixteen which is the most recent full year that we have data for. CDC has the estimate at about fifteen and a half percent. And yet we were up but in some cases if you look at male smoking rates back in the sixties male smoking rates in the sixties were north of 60%. While while the combined rate was around fifty just as women tended to smoke less often. But mails back and in I'm looking at this is nineteen. 1965. The smoking rate for males with 61 for. Sent hold smokes well at any rate the reason I bring it up is there was a survey done. By news survey monkey or something like that and 42%. Of nonsmokers. CB should get an extra three to five vacation days. As it's posted their who working peers. And I didn't understand the thought process behind it until I read the article. And their bodies jock. Is that smokers generally are taking will you see them out in front of our office building there when you leave in the partly they spoke in the garage. Because you know they they're generally taking two or three breaks sometimes for breaks it dated would have a cigarette. It's crazy yeah they are mean I. Really care all I do. You do I totally care why or why why they get extra break time if if they smoke. Like at 030 gossiping and everything like that and it you know they're taken. Productivity out of the work day it's ridiculous just as they smoked but what's that costing you. But it's not causing me because I'm on. A business outlook it's interesting that you mentioned that tocchet as I talked to a woman last week. And she was peeved. Because she said when they go down to have their cigarettes I have to answer their phones and it means that she had to work done on time or she is she's invariably is this bush works an insurance agency said. You know they go down at the cigarette break I can't get my work done because on the answering their phone calls. And as a result likely get out of work of Scioscia to work at 430 and never get out before 530. Because these you'll use it down having a cigarette. I. Our our smoking breaks. Required by federal or state wall. There are break laws but vendor and a no no I don't I'm not talking just I'm not talking break laws I'm talking smoking breaks. If smokers don't get any extra rights that. The average person doesn't get they certainly take advantage of that with. OK so they take advantage of now. That doesn't mean that you can't take advantage of it soared to take up smoking again extra break time. Who said it was hitting the bat extra break time we're that's what they're getting it isn't our thing nobody know art that they're actually get extra free time hold on what. What extra break time they get in because I believe according to federal law you work six hours you get a twenty minute break regardless of whether or not you smoke ice I've worked a mute not not here I've worked at places in the past where today. Severely. Take advantage of it ripping you know six putts today trying to bury that's a management problem that if management is just dying hey do whatever shirt and then you get crappy management like. Will be the first to do you look at someone's someone just walk around for an hour a day. Yeah the management's badly it's not like we have this federally protected class of smokers who can do what they want and we can't neo it's just you have crappy management uses all yet to take a smoking. I'd like I. Tend to weigh on your side Tucker but let's let the audience yes side who's right on this one because. A tie the lately and you. Just just. Ask people that work with other smokers jerky you've never worked with a group of smokers you worked in our office and we've never had smokers. And it's the I don't know why we just never have. But if you talk to people that work in offices with smokers is a lot of resentment towards the smokers can tell you that the Tucker it is that. Let's let's not spend the entire show. Trying to beat up chocolate TV audience. Our rule are told Reuters poll question today is should nonsmokers. Be given an additional three to five vacation days. Yes or no that's our poll question today at financial change showed dot com. They can also if you wanna comment. You get text us at 63566. That's our new text number we just open it up I think on Monday. 63566. New York if it's the first time you're texting has just type the word buried but if you're a club member. And we already have gosh looks at we have about a 191 club members of art. Inch yeah I mean we do reverend recurring tax techsters to the show but yeah it's definitely a great week. Very popular shirt people people want to voice their New Hampshire and don't voice yeah I'm sure they're gonna voice their opinion on this big time so well like keep you updated. The only I'd be curious what the poll numbers come back with that we will see mostly. Weight Watchers truck wouldn't investment Oprah. Yeah hope. We're pretty much nailed this one or maybe it just a case where her becoming associated with Weight Watchers. Almost made a self fulfilling prophecy. But this this company continues just click on all cylinders right now. The stock price in the last couple years has gone from in the the weight part of fifteen. It was trading about five dollars and 82 cents a share today it is 65. Dollars a share. And I. They continued to just chug along right now and so Oprah state in this company. Is now worth about half a billion dollars. How bad it hurt her but her profit on it when I was mark what I marveled that. If she's made a 400 million dollar profit if she thought if she sold if she sold their stock today or her gain would be 400 million bucks yet. She is she was buying right when the stock was down around five to six dollars a share and today it's in sixty sixers she's had a nice little ten Bagger on this one. You know and it clearly yes she needs the money I mean without this who knows where she'd be. Don't but make it again like this this is how influential. Hope for is is you know of the Weight Watchers with a company that quite frankly to what was left for dead. Three years ago people if they they were there was talk about bankruptcy swirling around this company. Three years ago and she has brought this company back from the dead. And they are profitable they are growing rapidly and they are absolutely dominating this basin you know you say is say what you want about Oprah but. Her ability to do this even if just getting involved is all that was done there through leadership and being able to put the right people in place. I'm late. She's it's it's impression that she's up as she is a very. Controlling brand if she speaks people listen. Per day it particularly women right minute let's face it days is not meant. That are following corporate women know they got on our text line 203 writes in couldn't you make it this is related to our Ben question. Could you make the argument that not selling guns to eighteen to twenty year olds. Is each discrimination if not why don't car dealerships stop selling to senior citizens. And he amateur rate buy into that argument final week saying they want to call heroin. Use the disease you might as well call cigarette use disease since they are equally hard to quit. It does cigarette debate is is. Become very curious to see how the poll numbers coming in on our our website if you wanna weigh in on the pole because that's. I can tell you and notre you have your feelings on this but I can tell you if you talk to coworkers and a big office. Where there are you dozens of smokers and nonsmokers are resented because not only do they not get the same break time. But they are also end up having to work later in the day or do more work during the day. Because the smokers are out to have they should do their managers then. Yeah that is that's who's allowing it. Who's gonna get Amazon HQ two we've got some insight from the real estate business that might. When a little hint that's our next topic on the financial exchange. Like us on FaceBook and follow us on Twitter that's TF we show you. Breaking business news is always first right here on the financial exchange radio network if you work hard for the past twenty years and enjoy a healthy savings account you're in a solid position to enjoy it later life hi this is chuck is not a saving money for your retirement is half the battle but making sure you leave it to the right people that's the other half beneficiary designations are not an afterthought and while most people trying not to think about what happens after they passed it's important is set up your beneficiaries properly to ensure you protect your -- might firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designation because believe it or not they're can be complications called out to get your free guide understanding traditional IRA beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com six. Or is our effort to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're nearing retirement age and have yet to set up a trust to protect your assets do not change this station for the next sixty seconds. Why do you need to trust numerous reasons not the least of which is eliminating your state taxes and avoiding costs associated with probate if you're over sixty years old and are preparing for retirement now's the time we called Thai blood ski time as a partner with the law firm of Cushing in Dolan and an expert an elder law they'll walk you through the process step by steps of your trust to set up properly and efficiently. Now they're several kind of trust to consider but reputable trusts are extremely popular to establish the kinds of protections were talking about Anton has written a new guide out this month to help you understand all the particulars installed the operations guide to a remarkable trusts into tears are free Michael 8668485699. You can also download the guide instantly by visiting the legal exchange showed dot com don't leave this very important process to chance call right now and did your guide at 8668485699. That's 8668485699. Hi everybody it's very Armstrong and Jake two Lian we're talking about a program called Z rent. Now this is specifically. Designed for those of you who are landlords and you used to collector checks with paper checks are gosh maybe still do. Was he rent allows you to collect checks electronically. Jail is hoping he could spend a little bit of time explaining how easy grant works and why it's a big advantage for landlords. Absolutely varies so we we develops the rain to sodomy Holdren you know because right now. You know with the landlord when you're getting rain checks. Its low unpredictable. Missing envelope the right line mostly waiting he might not get all the rent until the tenth or fifteenth of the month furthermore purely on vacation in your race thing you know boxed up to what he does is it really gauge bill. It makes the ranked electronic payments and allows for me cheering for multiple roommates and apartments that's great if you're renting at the college student absolutely. It's predictable it comes at the same time every month. And it's all on me. So the landlords who have been using assisting huge time savings and ointment you are you still giving the first six months free for landlords the first six months or free and then in addition to that. If you bank at one of the participating banks he ran is always pre pre. Those participating banks are meter being installed in that she's the up at that any bank could sign up rate make if you at a bank in Vermont to Connecticut. They could sign up and become part is the rent yup you your if you have a community bank that wants to be a member happened Collison will have and sign up and the service will then be free free. All right if you wanna learn more about easy rent. Go to Z rent dot net you give my call if you wanted to 8776917900. If your bank doesn't offer they can sign up for zero it. Go to zero rent dot net or call them told free. 8776917900. Security suffered through securities America each member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word. Married to 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. As it relates to our question about smoking 603 writes very there's a smoker who's out. The smoking door every hour he coughs all day long Google fuel person I deserve an extra two days off by the way. Have you ever we don't need more time off because honestly if you don't smoke you will get those days off on the back end. Very 50 wait rates very enjoying a cigarette break right now mine nonsmoking stuck up co workers can pounce and a year ago. Via RS text number the story up but I wanna coat my lungs and black tar sari. Our text number is 63. 566. It to appear if it's your first time joining us on the text line you'd justice. Type in the word Barry. And then on our poll question talker. 57%. Of our listeners say that nonsmokers. Should be given an additional three to five vacation days per year. Ms. here we go to debate that Smart Car thus far yep in the lead. It did just I'll I'll mention actually. We we got a little bit of a hint from zillow. As it relates to where each cute too is going to be placed in near to its extinction they're they're. Making the decision date of this this is the theory that. Amazon will make that decision largely based on the price of real estate where they will relocate to HQ to. Yeah I mean I think that soldiers trying to pump their own tires a little bit and say oh yes this is what's gonna make the decision but. You know when when -- went on they polled 85 experts on real state and those experts said the either Northern Virginia or Atlanta. Would be the most favorable locations for. Amazon sect headquarters and obviously those two you know I I had Atlanta in in in the running for this. Just because of the GeMS on wants to be close to UPS to be completely honest and Northern Virginia has been rumored for awhile because of Bezos has connections through the Washington Post as well as the fact. They already have some massive data facilities. In Northern Virginia as well as one of their. One of their core Amazon Web Services Hobbs is located right in that area. Do you know they do one thing that would be telltale sign would be. What is the focus of this HQ two is the focus going to be technology development is it going to be human resources litigation. Lobbying. Because depending I think that's if if if this is gonna become a lobbying headquarters then I think Northern Virginia makes a lot of sense. If it's going to be maybe logistics hub and I think Atlanta makes a lot of sense it's going to be a technology hub. Then I think Boston makes lots. So they've they've said in there RFP. For the for the facility. They said it will be a full equal to our current campus in Seattle so. They they pretty much came out and said look we are going to do everything that we do in Seattle we're gonna do it here as well. Valve and that might just. Make sense they'll be usually what it when you look wouldn't look at what they bought that keep the systems company remember the one they robotics company up muffin Burlington or somewhere like the north and North Reading I think yeah yeah. But they bought that. And they didn't relocated to see apple right they they left it in Boston. Eight and and they built it out and they gave them tremendous amount of capital to keep complete continue to do the engineering as it relates to robotics. I think the big thing that they want is simply in East Coast presence so that they can recruit on the East Coast as well as they can. On the West Coast is well there there's some people who simply will never moved to the West Coast my I have a good buddy who works for Amazon. Him and far away from their family as it in right now he he's somehow he worked out a deal where he lives in new York and he commutes to Seattle maybe two weeks out of every month in order to be there. But yet to negotiate that they wanna him that they want him in Seattle full time. And it's a situation where it might be easier to get talent like that it now you are instead. With a in a firm East Coast presence you know we can do those. So well where's it easier to recruit to Virginia Atlanta or Boston but if you're if you're recruiting off the campus of NYU Columbia. New Haven Yale Yale all honestly if you're coming UPI. If you're Amazon it it to a certain extent it doesn't matter. You all c'mon no big bear it if it if it doesn't like the reason why people moved out to San Francisco to go work for apple and Google. Wasn't this San Francisco's is an apple and Google. Like those companies made that city into what it was over the last twenty years you look at what it was before San Francisco was run down it was don't be it was it was not in good shape. You know lake. You look at what it's turned into now and it's it's a completely different city anywhere that Amazon opens up the second area. Is is going to have a flood of businesses following. Is a lot. People in San Francisco that would like to turn the clock back. Twenty years so why don't you we I know. Hey when we come back or talk about how much money. Parents have saved for their children's college education the numbers are shockingly. Low don't forget to Texas. 63566. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Wednesday with zero -- leader banks all mine rent collection tool he ran automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more -- see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Okay skiers and riders let's take a look at your long range forecast for Mount Snow Vermont. Monday's snow Tuesday snow Wednesday a snow again Thursday snow seriously Friday snow Saturday more snow okay who's been Massa win my script Carol c'mon that's not what do we value snow every day really. When you got the northeast most powerful snowmaking system just two hours from Hartford and you know you can count on great snell all season long. Mount Snow live to get there until now so get yours now at Mount Snow dot com slash saved. If you're -- looking to find an easier way to collect rent payments than you need to hear about leader bank's online -- collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the -- local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank required does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Met hi this is very Armstrong and I'm speaking to business owners everywhere who listen to this program the United States Virgin Islands are great place to locate a business day of the tax incentive program offered by the economic development authority that could help save up to 90%. On your federal income tax here's Wayne bigs executive director of EDA. This is a program us. Fully approved by congress has been in existence for about 45 years a we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech's system where we use the federal forms with the money CC territory at a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us that we cut tax rates. If you're a business owner looking for tax breaks talked to the folks at the US VI economic development authority and learn how you can put incredible capital back into your business. Log on to their website its US VI EDA dot or best US open. VI EDA dot or. If you're nearing retirement age and have yet to set up a trust to protect your assets do not change the station for the next sixty seconds. Why do you need to trust numerous reasons not the least of which is eliminating your state taxes and avoiding costs associated with probate if you're over sixty years old and are preparing for retirement now's the time difficult Thai blood ski. Tom is a partner with the law firm of Cushing and Dolan and an expert an elder law they'll walk you through the process step by steps of your trust to set up properly and efficiently other several kind of trust to consider but reputable trusts are extremely popular to establish the kinds of protections were talking about Anton has written a new guide out this month to help you understand all the particulars it's called the operations guide to a remarkable trusts into tears her free Michael and 8668485699. You can also download the guide instantly by visiting the legal exchange showed dot com don't leave this very important process to chance call right now and did your guide at 8668485699. That's 86684856. 99 if you work hard for the past twenty years and enjoy a healthy savings account you're in a solid position to enjoy later life hi this is chuck is not a saving money for your retirement is half the battle the making sure you leave it to the right people that's the other half. Beneficiary designations are not an afterthought then while most people try not to think about what happens after they passed it's important to set up your beneficiaries properly to ensure you protect your -- my firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designation because believe it or not they're can be complications called out to get your free guide understanding traditional IRA beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory. Dot com securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Time now for Wall Street watch a look at the market's performance so far today but I don't Berrian jug right here on the financial exchange radio network. Take advantage of incredible tax incentives that are fully sanctioned by the US government move your business to the United States Virgin Islands and save 90%. In your corporate and personal taxes. Call 855622. 3634. For free report a forty page report on how this program works 855622. 3634. Joining us now on the line is Mike Armstrong for Wall Street watching Mike. Let's talk a little bit about we got a couple companies to dig through today would start first with one might. Favorites which is hostess brands with a ticker TW NK for their globally twinkies. Of course we don't need it ticker symbol TW can obviously expect they are sensitive to share which was slightly above estimates they beat by about three cents. Vision they had new product like this increased selling pretty well and they also hinted that they should be pursuing an acquisition targets. And next year to stopping the bad dollar fifty which then ms. over 12% of the. What are we seen out of box the cloud storage company. You know this company's really continue to struggle as pretty difficult environments for them a lot more competition these days than there were. You know just a few years ago they lost six cents a share which is actually better than expectations. There earning a situation between eighteen were in line but did those expectations are falling short on revenue they added fewer paid subscribers in the previous quarter and I think a lot of matches start to worry about. Growth and the stock. Very good thank you Mike that is Mike Armstrong with Wall Street watched. On our text line 781 right smoker you shall try to get as many additional breaks as possible chuck is right management. Needs to nip that in the bud. 413 rights and by the way he's an ex smokers said when I smoked I would take ten minute break every hour to about forty hours of extra. Breaks per year just for smoking I think nonsmokers should get an extra week of vacation. We do one or eighty. If that. What do you poll results of part Tucker on the web site. Let me see here poll results. 59% of our listeners say yes that dodged a nonsmoker should be given an additional 35. Vacation days a year. So chuck how much money do you have saved up for your kids college education. Well I mean not you know given that east you tell her you are asking the same questions I want an answer both the how much money you saved up your kids' education. Last week you told me while my wife got pregnant while Susan Ford and I wasn't there so no no no I sit not my problem I guess. EU don't have any money saved now. Let me check my wall and I got five bucks and there so that's the Spezza starter actually I got I got a twenty so well there you go there so between the two of us we get 25 bucks so Tucker out of what happens is with if. So there is a study done there is a study done you'd hopes. And news according to college sport which he could you guys know college sport is under the ones who overpriced the a city yeah that's them right. But anyway College Board. Did a survey of a thousand families. And 57%. That's saved somewhere between zero and 101000 dollars 22%. Pepsi 101020000. Dollars. Only 4% at state 50000 dollars or more and EPS of advice. Be independent paper tiger. Yeah me just yet decide and it has wanna make sure that I get all this down here yet because this is important because the kids are common dip tomorrow just about it this soon soon. Start saving. For college and even if it's only like a hundred bucks a month rate which he'd get able to be can afford hundred dollars a month. Starts on a regular basis because what I can tell you lose as a parent of five. The deer eat it the hardest part of of college is starting to say it's not the actual savings. It's the beginning opening the count and I think it correct me if from wrong Japanese. A 529 plans still the most tax efficient method of saving for college yet sets of various. Morally to a Roth IRA if you use it for college in net. You put the money in today you do not get any tax credit or deduction today but when you pull the money out all of the growth. Happens at a tax free status so you don't have to pay any tax on if you use it for qualified higher educational expenses like tuition and stuff like that. And you can use the money now as I understand it for prep school and parochial school death you can it's I generally you know. You know recommended but I guess it just it took its avail they just. It did they just data that flexibility on January 1 or wanted to mention that in all seriousness guys. The there'll be times in your life where you can't afford to save for college. That's why I say start right away. He's you know start as soon as you possibly can as soon as she's pregnant. You you start saving for college and even if it's a hundred bucks a month. 510 years later you look back and say port Perry was right you know I've got twenty grand tucked away in fact when he nine appliances and not enough. It's never you never save enough for their college but at least start that cost cult keeps going up 7% a year. Let's talk about a few ideas that he continues to improve their credit score. Yeah and in these are some interesting thoughts just if if you're someone who. You say look I'm I'm thinking about buying a house in the next few years you know maybe here in your early twenties and trying to build up credit so that you can get the best rate on a mortgage. Yeah some the things you can do number one. Is apply for new credit not just before you go and try to take out a mortgage. But if a couple years in advance because what that does is two things number one is a starts to build a longer track record of credit in number two the more credit that you have. If you are using all of it has a you have a better what we call critter you'd credit utilization ratio meaning that using less of it. And so simply having that available credit but not using it is viewed as a good thing by lenders and so you wanna have as much as possible out there. Add positive information to your report so if you have accounts that are in good standing that are not listed on your credit report. Not gonna try to get them on the report to build additional good information that's going in to your credit report. Pay your cards off twice a month the wave that credit reports work is. If you had a zero balance on your account at all points they go to that they'd say OK you have me and no outs to know was outstanding debt that's actually out there. What a lot of people do is they only pay their balance off at the end of the month and so when a credit reporters polled it'll show that outstanding balance. In if you have too much debt it's outstanding that ratio that we talked about earlier. Could be affected in and just couldn't knock credit score you know little bit on that front. Other things that are out there you know shop for new loans in the short time sir I don't know much about this one. And I just I just don't know enough to be able to vouch for either way sweet talk your lender this is the last one this is something that I do think. If you're in a position where you need a little help getting your credit back to where. You where it needs to be let's say that you would missed one payment a couple years ago and that's impacted your credit you can go to that lenders say look I've been good for the last two years can you make a quote goodwill adjustment. And get rid of that one bad payments of the my credit is is back to where it should be now you can't do it if you miss you know a year and a half of payments but if you've missed one. It's something where he can work with lenders in a lot of cases. There again or get word on behalf of leader bank a couple weeks ago we told you about a great new promotion from leader banking it's their new relationship money market account. It's gotten even better you can save your money and grow your earnings with a brand new rate. When he opened a relationship money market account with the leader bank in the rate is now one and a half percent EPY. The balances between a 100000 and a million dollars and it's easy to qualify. You simply maintain a 5000 dollar balance in a leader bank personal checking account. In a role in you statements and keep a 100000 dollar daily balance in your relationship money market account for more information. Poll leader bank. 8776917900. Or visit leader bank dot com. That's 8776917900. Head right to the website leader bank dot com. Bees can produce earnings in the penalty may be imposed for early withdrawal. Leader bank a step ahead member FDIC equal housing under. On our text lines Brandon writes from New Hampshire. My son their turn three years old today and he is 3000 dollars in a savings outstanding outstanding news. It you that's that's what I'm trying to convey to you missed it but you'd start it doesn't have to be a lot just get started because once the account open. In your parents say gee what was little Johnny like for for Christmas you say. Tebow he's got a ton of police public to put 200 bucks into the fact when he nine point young to be surprised how quickly meet here and happy to do at any. That's a topic for another day coming up we will be joined by mr. Larry Kudlow from CNBC two questions that I have form have to do with. Mr. Powell and how many rate hikes are gonna get this year but also the subject of tariffs as a relates to aluminum and steel to being considered by the White House. That is next from the financial exchange. Have a question for Berrian junk. Now you can text us at 63566. And take part in the show at any time. Start your text through keyword battery and join our exclusive club days as the financial exchange radio network. If you're landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online rant collection product called Z rent it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the coldest he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi this is very Armstrong and a speaking to business owners everywhere who listen to this program the United States Virgin Islands are great place to locate a business day of the tax incentive program offered by the economic development authority that could help save up to 90%. In your federal income tax here's Wayne bigs executive director of EDA. This is a program is fully approved by congress has been in existence for about 45 years and we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech's system where we use the federal forms with the money CC territory at a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us that we cut tax rates if you're. Business owner looking for tax breaks to talk to the folks at the US VI economic development authority and learn how you can put incredible capital back into your business log onto their website its US VI EDA dot or best US. VI EDA dot or. Hi this is Chuck Todd and I am joined today by estate planning attorney Todd lots key from the offer of cursing in Dolan with your financial exchange quick tip of the day and Todd were talking about how your mobile trust's operating. A lot of people are afraid that if they transfer money into an irrevocable trust. The big give up control of their assets they have to ask permission to do anything is this a valid concern. You know it's not a valid concern but it's one that I can understand right people in general are gonna say. I heard your vocal trust you lose all control and and for a lot of years that's true and for different kinds of trusts that's true. Not for the kinds of trusts if you're concerned about Medicaid protection. This kind of irrevocable trust. You do not lose that kind of control at all what kinds of things can you still do in an ear of rubble trust that you don't have to give up control so let's say you put your house. Can live there you can pay your bills you can rent it. And you can sell. And you combine other house with the proceeds and it doesn't even restart and waiting periods it's a wonderful flexibility you can also putting your investment portfolio. And and you don't even limit. The types of investments that you could invest in just because it's inside the trust some people get concerned that their trustee may misbehaved you have the ability to change trustees if that's the case you do have the ability to change trustees and put on anybody else that you would like so. You have that kind of flexibility as well and you could even change beneficiaries. On the trust so. Folks in valid concern you don't lose control when you put assets in these trust and you don't give anything away. Folks there's a brand new guide out from Cushing and dole and the details these very issues it's available by calling 8668. Horry. 5699. Its title and operations guide to the use of your provoke bull trusts and again that number is 8668. Foray. 5699. Or get it online at legal exchange show dot com. They say video adds ten pounds. But don't tell Berrian Jardine the financial exchanges alive every day on FaceBook and YouTube this is the financial exchange radio network. We're joined by CNBC senior contributor mr. Larry Kudlow he was also. Critically involved as a relates to the corporate tax reform package that passed in December it was implemented in January. It's good enough to join us today for conversation regarding our new fed chair hi Larry Korea. Grip very. Good so what do you think of mr. Powell with death how's he doing in his first few few weeks in office. Well. That your verdict as like it here it'll go very well. Pretty clever politically. You know at a bar that we yeah. I can't predict at least gonna turn out but look one of the things so it just. In his testimony. You know whole paragraph the last paragraph a testimony. Talked about rules space. Monetary policy. And he referred to the that monetary report that a few days ago. And it'll walk section there. About monetary rules most particularly John Taylor. I've never seen that from that that before. And what does that mean. Well I think it's a good thing then it's gonna create a lot more certainty and well probably helped with that performance. You know I think the rule is a good idea now you know in an emergency could break rules. But is it at Taylor rule for example which is a bit of a lag indicator but. You know god Taylor. Becomes so big industry this. Nominal GDP inflation. And the so called. Peace star what you know what they write that story. So I talked its dollar. Use very happy to see that they've that it and at that what John what is you know rules state now where he that we should be and I like news or sent out but that are. I'm presently wanted to have sent a problem raised rates on so look. And the element of certainty stability and it takes some ways that that person. In in you know about a purchase I think that's good if that's the direction that. That how long it is our I think good let the before we go to the plot. How will Betty impacted ten year treasury in debt and mortgage rates. Well. I think rates and a lot I think I took. Warrants it belonged that the short. I think portraits are gonna go up but I. I picked a ten year Berry is on top of or. How it goes for. About two weight by just that. Look the economy is growing. A good but a good thing the slot and exit novel GDP so you know real GDP plus exploration novel. They actually come tactics brought it forward an app that globally that year trade. Around nominal GDP growth is things are equal livery. So the status repressed rates for long time I think they're out there you know changed their policies that the boys are. So our outlook for the user opens a 4% direction and I look at the Fed Funds rate to vote toward the street that. Not gonna happen overnight rate but I think it's gonna happen. Partly it's not a bad thing. Radio is gonna say we've had very strong economies with 4% interest rates aren't any that's out that could be a very good. That's correct Arctic figure out here right. Most of the nineties. I think the ten year was dropped by 6%. Yeah pad stock speak great now you know it is shift going on right so that transition. Maybe doubt cause the more wiggle wobbles of the stock market but it or economy is the response prop. The hike rates going to be fine is this normalizing the whole age rate structure or the US I think it's good that. And you know how they abide by the rule or is that that all the better. Will grow you I don't know we could say that god has gone before. Rising crop that provided they'd be that. Cutler says by the bit by bit and hold forever. The thing that's good advice Larry. I thought I thought I argued that there are all of our. It is it is thank you for your time Larry have a great day. We appreciate that. It's Larry Kudlow from CNBC joining us and what do you think of a 4% treasury. Chucked it ten year treasury at 4% maybe even Florida. You know it's it it's interesting because the the implications as far as what that does. And you know what that potentially does in the short term to the stock market the longer term terms of what that does from a budgetary perspective should the US. You potentially start to get into that the talk of crowding out because of the spending. On interest in things like that if you look at how the US has spent over the last thirty years and increasing deficits haven't actually cost us more because rates have always been coming down. That's right if you end up with. The US the ten year treasury go north of 4%. All of a sudden increasing US deficits for the first time in thirty years become more expensive to finance. And can raise taxes. One what does that do the economy down. That slows it down it so so that's kind of where I'm going with this is you can have one of two. That there's three things that you really tried to aim for when you're managing the economy you can't have all three of me can't have you know a strong dollar a strong economy and strong stock market you have to have two out of the three effectively. I just I I think something's gotta give at some point if you end up with rates going. North of 4% and you know the the question Powell's gonna be faced with is what's more importantly the dollar worthy. The market in the economy well and I don't know how we pecs. I don't in the ninety's we didn't have a 20/20 four trillion dollar deficit that. No record and interest on a on a relative basis you know deficits back then. US debt to GDP was you know 4045%. Today were you know around a hundred north of there. I just Powell is between a rock and a hard place he's gonna have to navigate this. Very very well and it's the it's gonna be really interesting that I think the next year is still bullish in a lot of situations but I I won't get. Kind of what's gathering outside beyond that. And I've questioned when he start to get a year and a half to two years out and especially if rates that high. I don't know what the situation looks like them. What bothers people at least it bothers me is you yet these senators. You know thrown hang grenades at Powell and you know given a hard time. Meanwhile what do they do from the legislative perspective. You know you what is last time they cut spending in and and did anything that was productive. You know they did give it to a tax cut that. I mean the I I just think they put too much pressure on the Fed and they try to use the Fed in the try to use interest rates to manage the economy I'm not sure their porn on the rate levers. Ono and it in interest rates are way to manipulate asset prices they don't make. Wages go up they don't they'll create a more equal distribution of wealth anything when you lower interest rates you put more money into the hands people who already have wealth as he added you know you add. Asset prices. Well the good thing that happens though is like if you say we get a bout of inflation we you know that what they're gonna do is the Fed will raise interest and that they can that's the thing. I I think there are caps is that how much they can raise because otherwise you are right back in 1979 with Paul Volcker and you're sitting there saying. Are we really going to defend the dollar at the cost of the US economy and I just don't know if Powell's gonna make that decision. You view he could very well the do you rate you know the market dated Powell's making another speech to end up in the speech but he being questioned today. And I'm not sure it's going terribly well mark's been down the last couple days Dow's actually up a couple points as we speak. Don't forget we have our new text line and you can join our text club that you haven't joined yet just type the word dairy. 263566. When we come back we're talked about US crude oil. Output at an all time high in November just how much did we come. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing co lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. Okay skiers and riders let's take a look at your long range forecast for Mount Snow Vermont. Monday's snow Tuesday snow Wednesday snow again Thursday snow seriously Friday snow Saturday more snow okay who's been Massa quit my script Carol c'mon that's not do we value snow every day really. When you got the northeast most powerful snowmaking system just two hours from Hartford and you know you can count on great snow all season long. Mount Snow live to get surround still mounds and get yours now at Mount Snow dot com slash saved. If you're landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology tell them a cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. If you're nearing retirement age and have yet to set up a trust to protect your assets do not change this station for the next sixty seconds. Why do you need to trust numerous reasons not the least of which is eliminating your estate taxes and avoiding costs associated with probate if you're over sixty years old -- are preparing for retirement now's the time we called time Lonsky time as a partner with the law firm of Cushing and Dolan and an expert an elder law they'll walk you through the process step by steps of the your trust to set up properly and efficiently other several kind of trust to consider but reputable trusts are extremely popular to establish the kinds of protections were talking about the time has written a new -- out this month to help you understand all the particulars it's called the operations guide to a reputable trusts into tears are trading Michael 8668485699. You can also download the guide instantly by visiting the legal exchange showed dot com don't leave this very important process to chance call right now and did your guide at 866848569. And I air raid. From either a spouse a parent or from someone else and Mike. So little complicated sometimes people who they're going through a difficult time where someone that they know closely as passed away. And they don't know what to do with the money they're inheriting let's talk about first spouse if you inherit money in an IRAs espouse what you have to do. So very simply. That's isn't the easiest version of this. That I array can simply become your own firing the money can move into your own account you don't need to start taking withdrawals. Although I will point that you can start taking withdrawals if you choose to you just need to open a different type of diaries are before you make any decisions you need to decide. Q I'd need the money York night wade and further taxation stale now if you're not a spouse US significantly fewer options as far as what you're able to do. Correct if you are not the spouse in your inheriting a money. You must open up and inherited IRA. And that means you have to start taking money out the account immediately the first year you inherit that IRA. You have to take a required minimum distribution now there's a whole different tax table associated with this or it's not as bad as though Europe seventy year old take BR MD. But the money does need to start coming out immediately. Folks the guy is titled understanding traditional fiery beneficiary designations it's available due at zero charge. All you have to do is call 800. 393. 4001. Or you can go online Armstrong advisory dot com and download it for free there again that number is 800. 393. 4001. Or you can get it online at our strong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader bank. A step ahead. Earlier chart here with a message for all business owners that are listening to me right now how do like to save up to 90%. On your corporate taxes is so they'd consider relocating your business to the US Virgin Islands they've got an incredible tax incentive program that numerous businesses have already taken advantage listen to Wayne bass executive director of the EDA. Anybody that's involved in the financial markets would it be hedge fund managing managing consulting in the they've done very well it should mean world and entities that are designated services we have several cost senators that we have several centers that do back office operations and and then we do high value manufacturing where can do manufacturing and and do value added it has large margins and we have entities that do what the boys we've had medical device is a variety of those type of businesses have done very very well here. This program is fully sanctioned by the federal government and it will lie your business to expand and grow learn more by visiting the EDA at US. V I EDA. Dot pork. Do they are better than one but everyone knows that that's where offering to balance the one taking. You can add cash and wildcat mountains in the same day Imus and the they're just twenty minutes apart in the number ones out in the heat. Until now and once again WR downhill this winner at added tax and lap cat nap. Beckett dot com for more information hi this is very 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 they've got another one that is surely worth your time to check out leader bank is offering -- 25%. Annual percentage yield this is an online product only and there's no minimum balance required so log on to leader bank dot com and sign up today this rate may change without notice that don't delay log on to leader bank dot com get all the information about this great offer and sign up today before the rates change get. Free online banking with leader bank's new. 25% annual percentage yield and no minimum balance and remember this product is only available online so log on to leader bank dot com right now that's leader bank dot com leader bank a step ahead. Her FDIC Newman in the ballots fees may reduce earnings rates subject to change without notice and may change after an account is opened. In new. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're simply your world and stay info. In the end up today to promote economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks done us. Drill baby drill it was a policy we embraced about fifteen years ago and. We've learned just the other day that in November we hit record levels of oil production another story we're following. Has to do with smokers take in too many breaks the rest of the workers are getting ticked off about it and then finally. Pedestrian deaths are up we hear hitting record levels. Of Walker's view whacked by cars 6000 people died as a result the pedestrian deaths last year shocking numbers anyway. Hi everybody it's Berrian truck with you here on a Thursday morning and son of a gun drill baby drill which was the model back during the Bush Administration. Finally starting to take place just shows how long it takes for policy change to really seeped into the economy does. You know I was don't know if it's policy change just more technological change to be honest because really you know this this is happening on the back of offshore drilling is this is happening because drilling going on. The in you know protected areas or anything like that this happening because the fracking technology is so good now in the in the cost has come down so much that you simply have a lot of cost effective oil that previously you didn't have access to and in November the US pumped an average of ten point 057. Million barrels a day. And that edged out the previous record set back in November of 1970. Okay. But the most recent numbers continue to show growth for the current week the week of 223 February 23. The US produced on average 101283000. Barrels a day so continuing to see a an acceleration here. In that number by the way is up almost two million barrels a day in the last two years now. Up almost 25% in the last two years and it simply is because. The fracking technology has gotten so good and it is so cost competitive now. That you have deposits that are simply accessible. And then with that technology. Reach pretty quickly to be quite honest. Can't be making our friends in Saudi Arabia too happy. Elements probably not their favorite thing. But he here's the thing is. It would be this. I am gonna go off on a brief little soapbox tangent here so. Two years ago the price of oil went down 27 dollars a barrel and people said how was US oil gonna survive and you saw the way up a whole bunch of people. Him but the fact the prices came down it's spurred further innovation in when we talk about the forces of economics in the market out war. This is exactly what we're talking about the these companies didn't say hey give us a bail outs of the weekend you know continue to be profitable. They said no. We've got to figure out how to get profitable out lower costs they trimmed they improved technology to improve productivity and that's why you see the numbers that we have today it's not because someone came and said hey here's five billion dollars of that you don't have to lose any jobs or you can keep everything out is its companies came in and they said. No we've got to figure this out we've got innovate. And that's why you where you are today so pious little lesson it was a lesson in capitalism it is it is in it's you whether those short term. Dislocations. In order. To be able to move forward that's that's how you have to do it and and the company's adapted phenomenally. Many of you are just joining us for the second hour of the show. And during the first hour we had a spirited debate as a relates to smokers in the workplace. Now many of you work with smokers and you have resentments as a relates to the amount of breaks the tape because. Well means you have to do their work while their uptake in a pot. At any rate we have a big poll question going on which. Oh just read to you should nonsmokers beat given an additional three to five vacation days in the theory here talker. Is that. The smokers. Are taking eat you know in during a date approach taking an hour's worth of breaks in an eight hour shift. And that that workload falls on the other workers were nonsmokers who don't get to take the one hour. You know in the the did the smokers are defending themselves saying well that's a management issue not me not not made a worker issue. But the workers I retaliate by conversations and the text line lit up when he yeah when we had this conversation. Nonsmokers resent smokers that are just leave it at that and by the way you and chime in our text number is 635. 66 that tell you reaches it's a new tax line that we established. If it's the first time we Texans this type the word buried mine named. And you'll be there for at after they're after UB part of our text club. In Texas anything on its 63566. But the yet the whole question has to do should nonsmokers be given an additional 35 days of vacation. So far Tucker looks at about 56%. Are saying yes nonsmoker should get more vacations. I'm a 50% yes now so idol contestant quick change in the voting member yeah. That's been the majority of the show by the way that it everybody's leaning in the yes direction there and I'm and that old that everybody's leaning in the yes the majority it's 50% yeah electors aren't mature it's not everybody 42% of listeners are witty what the majority. Yeah it's the majority of gotten what he does what it says you got the majority isn't that nice and doctors and the majority of the popular yeah I did wonder Dell. I got 42% of people would mean more common for let's go via. That's got a financial exchange showed a com should you care to participate in this spirited debate. I I had no idea so many people. Got taken out by cars every the end it there's a study done it I've two story what in the New York Times and won in the Wall Street Journal. We had to. Nearly 6000. Pedestrian deaths for the second straight year we're not talking about pedestrian deaths is terrible they people didn't hit by cars. I deaf it's people getting hit by cars and in some states that had legalized marijuana. There was an increase in these deaths where is in pretty much every other state. They either state level or decreased and says there's there's some question as to whether or not legalized marijuana was a contributing factor here. Either on behalf of pay drivers who were driving under the influence or walkers who were walking and didn't realize they were walk yeah and traffic you know is so. Well I I wanna point out if this is I think important is their pick and on the marijuana users which is why I've had no objection to that. 13. Of the pedestrians killed. Were not killed by drunk drivers. They were legally drunk with the time they got guilt that's going back up to 2016 so what happens if you correct me if I'm wrong here Djokovic. These people are coming out of the barge in there and run over by cars between the bar and when they get they're Cooper. Right if he is not fit the story here and eat like a word that the biggest segment here drugs they they get wet. By car yet and the take away that you can have from here is that walking while intoxicated while it's not as dangerous as driving while intoxicated. It's still not safe because like you're not looking in you don't necessarily look both ways just got to tell I can cross third avenue in New York no problem. And all of a sudden you can't and so it it continues to show just that. You know we've. That the the biggest problem with the you are walking for. Anytime you're going somewhere the biggest problem is either distraction. Or intoxication if you tea goes away or three we tend to be pretty good at what could do. Good luck driving through you health annual hall. On a Saturday night in and Boston area or coming out of the garden and get people to sprinting to the middle yeah oh yeah my friends and the is says street will get there's 8000 pounds suburbia and trying to go that they're green light doesn't matter to medium walking like you must pay attention everybody. Was easier for a third of emerge drunk how many of them are stoned. Quarter. Any of you so order your current yeah. So basically you're talking about most of the people that are getting that most of the pedestrians are getting knocked off by vehicles are impaired in one fashion or another right it's either alcohol or we'd. Yeah. But the biggest increase we're in the states that have recreational marijuana at one point that I'll leave it at that. Beat where year. The Internal Revenue Service is looking for these red flags this season a toll road through this list chuck I think you look at these rate flights every taxis. They are number one is quote turning into the most generous person in America so all of a sudden. One year you show with these massive charitable contributions that you never made previously. They they might take a closer look at that have you contributed yet 2000 charity one year in the new claim 40000 the next. They might look in San okay what's going on here let's see some receipts. Keep him if you haven't but. Against some that they look at. Claiming a loss from hobby this is one that I seawall where. You know someone might be a fly fishermen or someone might be a car in the news is they say OK am gonna set of the business so that I can write off the cost. Of my a you know my my flies American right off the cost of my ranches. The IRS know lose the people like to do this so of the business that doesn't earn any revenue and you're just writing off losses year after year they're gonna know. It's not be real business so the key is to have revenue. You can lose money you have to Havre. Did did you pro at that certain thresholds of revenue to. Withdrawn yet significant revenue yeah you know kids B fifty dollars only unsold supplies did you know Jimmie down the street. Withdrawn from a retirement account early this is something that also. Can triggering a red flag for. Auditors and so it's something. That need to be aware of a sudden avalanche of business expenses so it's if you do run a stand up business. And all of a sudden your expenses one year ago through the roof. It's a situation where that could trigger an audit simply because they'll look at previous returns in view of the there's software we'll tell them. Okay previously they had expenses at this level now they jumped what's going on here. It something's something's apple and an in oh a lot of times looks sometimes these things happen and you might get on and say yep this actually happened here's the proof. But a lot of cases you have people that are trying to work the system. Coming up we're being joined by Thomas bandage from The Economist Magazine to talk about the future. Of automobile transportation and specifically. Self driving cars that is next from the financial exchange. Radio network. The financial exchanges lied on FaceBook and YouTube watcher Berrian chuck discuss the issues of the day and see which one smiles the most. Financial exchange radio network if you work hard for the past twenty years and enjoy a healthy savings account and a solid position to enjoy it later life hi this is chuck is not a saving money for your retirement is half the battle but making sure you leave it to the right people that's the other half beneficiary designations are not an afterthought and while most people try not to think about what happens after they pass it's important to set up your beneficiaries properly to ensure you protect your well my firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designation because believe it or not they're can be complications called out to get your free guide understanding traditional IRA beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory. Dot com securities are for the securities America incorporated member finger SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're nearing retirement age and have yet to set up a trust to protect your assets do not change this station for the next sixty seconds. Why do you need to trust numerous reasons not the least of which is eliminating your estate taxes and avoiding costs associated with probate if you're over sixty years old and are preparing for retirement now's the time we called time Lansky time as a partner with the law firm of Cushing in Dolan and an expert an elder law they'll walk you through the process step by steps of the your trust to set up properly and efficiently. Now they're several kind of trust to consider a reputable trusts are extremely popular to establish the kinds of protections were talking about Anton has written a new guide out this month to help you understand all the particulars it's called the operations guide to a reputable trusts into tears are free by calling 8668485699. You can also download the guide instantly by visiting the legal exchange showed dot com don't leave this very important process to chance call right now and did your guide at 8668485699. That's 8668485699. 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 got another one that is surely worth your time to check out your bank is offering an. 25%. Annual percentage yield this is an online product only and there's no minimum balance required to log on to leader bank dot com and sign up today is rate may change without notice -- 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. Three 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. Hi this is Barry Armstrong and a speaking to business owners everywhere who listen to this program the United States Virgin Islands are great place to locate a business day of the tax incentive program offered by the economic development authority that could help save up to 90%. On your federal income tax here's Wayne bigs executive director of the EDA. This is a program us. Fully approved by congress has been in existence for about 45 years we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech's system where we use the federal forms with the money CC territory at a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us that we cut tax rates if you're. Business owner looking for tax breaks talked to the folks at the US BI economic development authority and learn how you can put incredible capital back into your business log onto their website its US VI EDA dot or best US. VI EDA dot pork. We wanna hear from you. Thanks Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. We talk about its. Drive Lewis Carson. An awful lot on this show and joining us now on the line is Tom standards from the economist. He put together this fantastic piece that it's about ten pages long on autonomous vehicles called reinventing wheels and Tom thank you for joining us. It Tom so gig you need to set the scene a little bit as far as kind of how far away we are from major roll outs of autonomous vehicles from different companies. Well that ordeal right now. If you look at what wade which is what Google is that the company is giving it being outlet and they are already carrying people around that. We did in vehicles but it didn't happen they like that it took a cut the budget he thought well. You can hit that you think are going well and they had to added to a commercial by the light of day yet. There's also a couple of the climate community wet another uploaded are now up. Called boy they're good people around the quality or another one in port other stopping at and then gamble but it. They don't kind of broke don't hack the it. Yeah but what would they be. It already at the rate that already. If you're at it but now you may get epic cold and Cuba nobody vehicle other you're the driver and keep it right now it won't. That already and now. At that operate within. And district and some that you and send it to get bigger and number that you we've got a lot that they'll just gonna you bore more about the price of a era it. From a technology perspective what challenges still exist as far as the expanding role out of these vehicles. What the couple but is I think it it would while that is why did not think it. And they don't like Apple's been quite as much and I'm there are some people at people over the comparable to what you consider to be quite challenging environments it. In the US at the edited by it but he added challenging both look at whether it was at all. I don't let that they we ate at what a let it bother trying to. And that is typical of the the global vehicle kind of get used to. Part of that it will be that these vehicles to get and that surrounded by Adobe compete by they have got a big wrap up. By all of the you know and they get the dry ground. Unable to figure out who played a good line that. Even god hey I don't know quite all of which is why the media period and the ironically it is not seek ultimate right. How much of that adaptation to local areas is being done with the use of machine learning as opposed to direct programming. It but it there are a bit by let. When you're allowed but are at it and I don't like is allowed in that it and it went the upcoming tropic. What you do but take it out about what you could have bite of bread did not buy it you can't and others I've spoke behind it is in the bank that I actually able bet. But the bad news. It dial into it that. That number is that of course while team Obama should acceptable by somebody like that wouldn't change light. In California you what you gotta gotta let somebody behind you. Without a lot. Apparently hit a let a ball that you would at a Cape May be at that. People that they expect. It won't let that god vehicle weight that it had mixed big national event of the united of that or a direct. President and a special rule the special pop well. On the model for the last nearly a hundred years has been. That auto makers would be selling vehicles individuals individuals would own those vehicles and do what they want with them. How was that potentially changing with the advent of autonomous vehicles. Well. On the vehicle. Threatened to blow up there would be that we don't know why are. They immediately and why they're being rolled out where that now is bad and that that you need to go over the top cost more than the art. But it is not a hundred Abdullah called the op. And it happened at about not. Beatable proposition that I'll call the people but it but it how to and he used by the time that you've got a little bit. Out on the road in the way I any money. You can with the immortalized occult that the but more quickly look at the article PG but I think about it. But it didn't want that we wondered are we are. The way that nobody out there appeared that the other week and it but I think what would that make the that he that you could my whole area really weak and. And I think maybe people would edit you didn't buy that we in the technical. I think some people that they couldn't wait to cheap that you didn't cop out. It is that it be cheap that putt on all the trouble and yet coop I'm not meet the what went on to come back. In the twenty Turkey and it is possible the violent that the god now I go people already decided that they that it didn't all you can yet. About the predictable that they think that and talk initiative of the old patent. By 2035. I don't pull of people in there are now may say actually you know I don't. A lot of an accurate shorten it added that by talking a bit. It is a lot of people already given out about that they expect the back. What are the things that excites me most about this potential transition is the amount of space that it frees up. From parking in and other activities a look at the city like Boston with narrow roads you've got parking on both sides it's tough to get through in all the Sydney beat up all this space opened up on the side you from bike lanes bus lanes all kinds of things. How how does this give us an opportunity to rethink how our cities are built. Well let me that are at any time that they tended into the car. With a car that all the other news you know Mike well it. I I buy out. It in the when Utley but that that he adept at it not that well be the patent happy marriage beat the tempo broad com about both sides. It traded at the bad opened card does give up that well then that you we operable but when it. At Brit I. You'd you be likely it will buy it straight but you'll play it over by a talking. And it doesn't get up and are they keep all of it like twenty or bad about that LA is pretty competitive area is pocket. There's a that you read up what the outcome Latin that you could you how papal call all the other. It is but at a pretty Big Apple. Beta is out there but it would not gonna be way it'll bite on an eagle at 8 o'clock. Very good Tom thank you for the time we appreciated today. I. Tom standards from economists talk about the future of driving with self driving vehicles one thing we have to talk about. He said 70%. Fewer cars. Yeah big they are what people think about that what do we have 280 million cars on the program in that ballpark yet that it's like 265. To seventy. So take that down but it didn't do help me with a map we talk about going from 270 million cars down to maybe. I don't know 60000080 million cars on the road yet it is thicket just logistically what that does he eat he called their city's big parking lot he's right. Well and I think that the type of cars changes as well if you're just heading to work. You're not gonna call the more expensive for passenger car you're gonna call little two seater to take you there. It will be more fuel efficient and it'll get you there you know just the way need to without all the extra space I mean. The bad you really need. A backseat and trunk when you're going to work. Now. No you don't need McNeil little pause the shape of an egg that take you to the office of the few coming up. We're gonna be talking about United Technologies the oldest stock well son of a guy and he had a nice little bumpy history that's next on the financial exchange. The financial exchange is alive on FaceBook so make sure like your page and watch the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. Hi this is very Armstrong and I'm speaking to business owners everywhere who listen to this program the United States Virgin Islands are great place to locate a business daily tax incentive program offered by the economic development authority that could help save up to 90%. On your federal income tax here's Wayne bigs executive director of EDA. This is a program us. Fully approved by congress has been in existence for about 45 years that we have several companies that are doing that Carly and we effectively reduce federal income tax because we do Ameritech system where we use the federal foremost with the money CC territory and a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us to tweak our tax rates if you're. Business owner looking for tax breaks talk to the folks at the US VI economic development authority and learn how you can put incredible capital back into your business log onto their website its US VI EDA dot or best US. VI EDA dot org. Okay skiers and riders let's take a look at your long range forecast for Mount Snow Vermont. Monday's snow Tuesday snow Wednesday a snow again Thursday snow seriously Friday snow Saturday more snow okay who's been Massa win my script Carol c'mon that's not do without you know every day really. When you build the northeast most powerful snowmaking system just two hours from Hartford and you know you can count on great snell all season long and Mount Snow live to get there until now to get yours now at Mount Snow dot com slash save. If you're nearing retirement age and have yet to set up a trust to protect your assets do not change the station for the next sixty seconds. Why do you need to trust numerous reasons not the least of which is eliminating your estate taxes and avoiding costs associated with probate if you're over sixty years old and are preparing for retirement now's the time difficult time Lansky time as a partner with the law firm of Cushing and Dolan and an expert an elder law they'll walk you through the process step by steps of your trust to set up properly and efficiently other several kind of trust to consider. But reputable trusts are extremely popular to establish the kinds of protections we're talking about in time has written a new guide out this month to help you understand all the particulars it's called the operations guide to a reputable trusts into tears are trading by calling 8668485699. You can also download the guide instantly by visiting the legal exchange showed dot com don't leave this very important process to chance call right now and did your guide at 8668485699. That's 8668485699. Are better than one that everyone knows that and where offering to mountains and one. You can add cash and a blouse that mounts in the paint on legally. They're just like Neiman art and number one in the I'm like yeah. Now he's the one WR downhill this winner at added tax and clouds and map. Out and get dot com for more. From me and hi this is Chuck Todd and I'm joined today by estate planning attorney Todd lots key from the law firm of Cushing and Dolan with your financial exchange quick tip of the day and Todd we're talking about how your mobile trust's operating. A lot of people are afraid that if they transfer money into an irrevocable trust. That they give up control of their assets they have to ask permission to do anything is this a valid concern. You know it's not a valid concern but it's one that I can understand right people in general are gonna say. I heard your vocal trust you lose all control and and for a lot of years that's true and for different kinds of trusts that's true. Not for the kinds of trusts if you're concerned about Medicaid protection. This kind of irrevocable trust. You do not lose that kind of control at all what kinds of things can you still do in in your probable trust that you don't have to give up control so let's say put your house. Can live there you can pay your bills you can rent it and you can sell. And you combine other house with the proceeds and it doesn't even restart and waiting periods it's a wonderful flexibility you can also putting your investment portfolio. And and you don't even limit. The types of investments that you could invest in just because it's inside the trust some people get concerned that their trustee may misbehaved you have the ability to change trustees if that's the case you do we have the ability to change trustees and put on anybody else that you would like so. You have that kind of flexibility as well and you can even change beneficiaries. On the trot so. Folks in valid concern you don't lose control when you put assets in these trust and you don't give anything away. Folks there's a brand new guide out from Cushing and dole in the details these very issues it's available by calling 8668. Horry. 5699. Its title and operations guide to the use of your vote ball trusts and again that number is 8668. Foray. 5699. Or get it online at legal exchange show dot com. It's hard to dial a phone or send an email list to dumb but it's easy day text we've got and tech sign up and running when you can tell us what you think right now but texting us at 63566. The U skewered Barry and join our exclusive club this is the financial exchange radio network. 860 just chimed in on our conversation regarding autonomous cars. Mentioning quite correctly. That. The reduction in vehicles will be in urban areas and say technically their thoughts their truck is. In cities like that let let's use the major cities in New England. Hartford New Haven. Providence Springfield. Mean Chester Portland Boston that's where you're going to see. Worcester the 70% reduction. In cars but still if you reduce car population by 70%. Just imagine with that does to traffic well and that that was the thing when you mentioned the idea of all the street parking goes on now that would be gone. Imagine how nice the streets would be. Oh yeah I mean it's it's either look you turn those in you've got space. White Plains then or now all of a sudden you've got space where you can you know have you know space for pedestrians to walker shopping area you know. Yeah you get all kinds of opportunities that are opened up there. And I think the cities and developers. K can build a completely different model than what they've worked on today as right now you've dedicated totally spaced apart and you get any development that goes on now. Okay parking garage and the amount of parking like you look at the assembly road development in Somerville there's a new vehicle parking garage there. You look down in south in the seaport in every new building that's built their now must have a certain. We're parking space I mean are all going to be obsolete yet just what just look at government center garage in Boston when we're right eyesore that as you can put. You know building upon building in condos in business all that's coming down in that space is at a garage coming down. They've been doing construction that's coming down they're taking it down there are three buildings going up in its place. But they're gonna have parking where those three buildings or real ugly so. At any rate it's just day its three year we are going to witness. Biggest technological advancements since the automobile took place in and took over for the horse I mean that's the at this is something we unlike anything we've seen in the last hundred years yeah I mean it's it's it's going to be as in packed full as the car in the airplane as far as reshaping transportation. Many of our listeners are in Connecticut they're listening to a son W Il liar WP OP. And they may have family members that work at UTC was under the gun they got a nice pop in their stock price yesterday in the stock options are worth just a few pennies more. Yeah they got this ball because bill Akron who runs the pershing square capital management to out fund. Told CNBC yesterday that he thinks that you United Technologies is a great company and he's building a state. In that company hasn't disclosed his plans. I will say. Be careful what you wish for if you are a united technology shareholder because. With bill acme and eat is a very good investor historically. But he comes with a lot of drama. And that's not always a good thing in the long run for your stock purse so he sure took it on the chin with Carl Icahn and herbal young black and are now one yeah out of custody lose so that. I don't know exactly how much. But yet he got whacked him in what one of the best. Minutes of video that I have ever seen was still was maybe four years ago him an icon were on CNBC and just literally. Destroy the just yelling each other for about ten minutes straight we it was one of the best. Just out front you know investor. Battles that I've seen in in a while. Tucker looks like you can take it victory lap on the smoking debate. You. We asked the question and you can still participate there's still another twenty minutes to participate in our poll. Should non smokers being given an additional three to five vacation days per year in the thought processes. Smokers take an hour's worth the break every day and that would equate to 35 days and extra time off for the nonsmokers. 61 point 5% talker are siding with use saying yes nonsmoker should get more time off than 38% are sidled up with chuck there and think that they should not and it's only if there. Yet even Isaac Newton was not thought of highly during his time so that Paulson comparing yourself to ice my eye and I thought I certainly am you better believe her brother. Newton 28 team baby. You know I just can't warmup to the whole American outdoor brands. Name I still call Smith & Wesson. And son of a gun gun manufacturers. Didn't crush this week especially. After. President trump is advocating gun controls. Yeah it's been a really challenging that's this week but really last year or so for these manufacturers. American outdoor brands. Even just seven months ago straining at 24 bucks a share an outstanding 956. Amy continues to struggle there I mean we've seen a number of companies exit the space we've seen bankruptcies. And it's it is it's a case where I think there's going to be some continued pressure on these companies. Over the other the near future peace. How do you think big gun control and guns in general. Will influence the mid term elections this November. I have no idea who I dyed them that I. I couldn't tell you I don't know how politicians are gonna play it but. I can tell you it's it's gonna be some that's talked about a lot. I just there's five million NRA members and they have. A very large influence over the political process as it a lot of money. It easy donate hundreds of millions of dollars to pin and it got to work just ready to go this November. I'm just did it I'll be very curious to see how this debate plays out. In in in the in the primary process in the it's very important but also in the in the November process that curious. He got quick announcement on behalf of the United States Virgin Islands the are part of the United States meaning you don't have to have a passport. If you go to saint Maarten. You have to have a passport if you go to the British Virgin Islands yet that passport here leaving from the United States. You go to the United States version you can enter with the driver's license no passport required. It's also a great place to relocate. Your business why. We can reduce your corporate and personal taxes by 90%. 90%. But I relocating your business in the United States Virgin Islands and others if you're required to have to hire. Some local employees and you have to lived in the virgin 383. Days which I can assure you is not a difficult task. But if you would like to learn more about how you can reduce your corporate and personal taxes by 90%. If you paid two million bucks in taxes last year. The take that million dollars down to not a 100000 dollars you paid five million in taxes you take your five million down 500000 dollars in tax. To learn more and get a free report call 855. 6223634. That's 855622. 3634. Get a free report run by your CFO run by your board of directors it may be something you want to take advantage. Tremendous opportunity to reduce your tax liability by 90%. The phone number one last time. 855622. 3634. I'll tell you what you TF green is crushing it in terms of developing more traffic in and had a good year in 2017 and 28 teams going to be enormous. Yet 2017 they saw a seven point 8% jump in the number of passengers going through the airport up to three point 94 million passengers. And really it's been a couple good years they've they've continued to court new airlines in new routes. In particular one of the biggest announcements was that Duff Frontier Airlines who was added recently. They're adding a few was new routes coming into this year after RT having to think about seven a rate last year. So that they continue. Too bad you know more options. And I think that TF green is it's emblematic of what you're seeing from Rhode Island in general and that is a state that in the last three to five years seems to really be making a pretty strong transition right now. And seems to be turning around some of the problems that they had been having I am. Very optimistic about the state of Rhode Island today. Well I tell you one of the avenues they're taking its price they've brought in Frontier Airlines yes. You can go if this is a great deal you go golfing for a weekend you go 49 dollar ticket. Providence to Myrtle Beach I mean that but how can you pass that up but you see in the old days a lot of people would make that as a drive. Rightly cure your folks when they come up from North Carolina State drivers they thought. Alia Booth they drive because let me tell you they can't pact to save their life it's the Oca he should see it based RI travel with all it's unbelievable. They drive and I mean that's a tough drive pageant yeah Myrtle Beach from Providence you're you're probably up and down what's that maybe an hour and a half two hour flight. Yeah about two hours two hours 49 dollars. Do deal that that's a that's a Baghdad as they say in the in in the old days. Eighty when we come back you know we'll take a look at some your texts that have been coming in our tech's number 63566. Rosa gonna have a station about Smartphones Smartphone sales are starting to taper off what does that mean for Samsung and apple. That's our next topic on the financial exchange. To vote on our daily poll question as financial extreme show dot com while you're there buyer of the media player and watch the show while you work. This is the financial exchange radio network. Earlier chart here with a message for all business owners that are listening to me right now how do like to save up to 90%. On your corporate taxes. If so then consider relocating your business to the US Virgin Islands they've got an incredible tax incentive program that numerous businesses have already taken advantage listen to Wayne Bakes executive director of the EDA. Anybody that's involved in the financial markets would it be hedge fund managing managing consulting in the they've done very well it should mean world and entities that are in designated services we have several cost senators and we have several centers that do back office operations and and then we do high value manufacturing where can do manufacturing and and do value added it has large margins and we have entities that do what the boys we've had medical device is a variety of those type of businesses have done very very well. This program is fully sanctioned by the federal government and it will allow your business to expand and grow learn more by visiting the ED eight at US. V I EDA dot org. If you're nearing retirement age and have yet to set up a trust to protect your assets do not change this station for the next sixty seconds. Why do you need to trust numerous reasons not the least of which is eliminating your estate taxes and avoiding costs associated with probate if you're over sixty years old that are preparing for retirement now's the time we called time let's tee time as a partner with the law firm of Cushing and Dolan and an expert an elder luck they'll walk you through the process step by steps of the your trust to set up properly and efficiently other several kind of trust to consider a reputable trusts are extremely popular to establish the kinds of protections were talking about the time has written a new -- out this month to help you understand all the particulars it's called the operations guide to a reputable trusts into tears are free by calling 8668485699. You can also download the guide instantly by visiting the legal exchange showed dot com don't leave this very important process to chance call right now and did your guide at 8668485699. That's 8668485699. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent today we're zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we Z rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Okay skiers and riders let's take a look at your long range forecast for Mount Snow Vermont. Monday's snow Tuesday snow Wednesday eighty snow again Thursday snow seriously Friday's snow Saturday more snow okay who's been Massa win my script Carol c'mon that's not what it was that you snow every day really. When you go on the northeast most powerful snowmaking system just two hours from Hartford and you know you can count on great snow all season long. Mount Snow live to get there until now so get yours now at Mount Snow dot com slash saved. If you work hard for the past twenty years and enjoy a healthy savings account -- solid position to enjoy it later life hi this is chuck is not a saving money for your retirement is half the battle but making sure you leave it to the right people that's the other half beneficiary designations are not an afterthought and while most people trying not to think about what happens after they passed it's important to set up your beneficiaries properly to ensure you protect your -- my firm the Armstrong advisory group has a new guide out this month to help you understand the process of beneficiary designation because believe it or not they're can be complications called out to get your free guide understanding traditional IRA beneficiary designations at 803934001. That's 803934001. Or you can download it right now from our website are strong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Security suffered a securities America team member finreg SIPC. Advisory services arbiters securities America advisors think carry on from represented if Armstrong advisory group in the securities America companies are unaffiliated. It's hard to dial a phone or send an email with too dumb but it's easy to text we've got a new tech sign up and running when you can tell us what you think right now by texting us at 63566. Do you skewered Barry and join our exclusive club this is the financial exchange radio network. This segment of the financial exchanges brought to you by C rents. Your landlord take advantage of zero to pull it automatic online rent collection tool. That is free for landlords with an account in a participating bank and always free for tenants now collection of local banks offering this unique program including leader bank and stolen bank so sign up and have rent payments directly deposited into your account today. Call 7816418691. Today visit Z ram dot net for more information member FDIC. Well Tucker I think you can take cheap victory lap as a relates to our poll question today and I don't just tell you yeah date chart out a match I voted with you liked I tried to help out. But you're still losing its 65%. Of our listeners think that nonsmokers. Should be given an additional three to five days of vacation work. Only 35% siding with you track as it relates to his station so it's close and it was 0% though because you just admitted you were trying to help out shot. I was like I wanted to do my favor NFL that part physique he performed so poorly in that debate Tucker bold pinnacle of 10% does. My thoughts we've gotten so off. You know yeah there's always have soft now that we need extra vacation days does someone know it's to take a smoking break pay my show up and we do our job and that's an epic I'm gonna take up smoking and just incorporate this segment as how's that sound you could just walk outside case you eat you take the segment off and we'll just hang out. Okay I'm done what I have I I have some horror elderly advice for you get a pen and paper. Don't listen to chuck write write write this down this is this is just as good as my parental and marital advice that it. There's an old saying it and connect with trucks pointing out is this is a management issue. There's an old saying those who can do those who can't teach. Would you say those who can't teach you could also put in those who can't do the job manage. And that's that's why. This resentment built up because jerks right in that. You know. People take weight advantage of the forty minute ratings and hours and work. Yeah you're absolutely right Tucker people take advantage of the system and and it's not properly supervised at any rate let's talk about Smartphones. Smartphone consumption if you will seems to have peaked out what we have about one point six billion Smart pulled around the world yet it's a whole bunch of them and and the they're not growing it's like. The growth rate was spewing five years ago there grown when he percent year. Now you know people people are willing to spend thousand bucks on a full. Well in the problem is that the upgrade cycle has gotten longer it seems as well it used to be with a two year contracts he would get through the carriers it was every two years hey you get me a new group of people coming in right now. People like me your kind of the problem I haven't gotten a new iPhone in for almost four years now. Three and a totally yeah I'm about two years some Micah so well and what's happening here guys. Is even wind you do get a new full truck or that your your your phone's a dinosaur would have liked. Bowl before I've got a sixth and it success. All right so what will happen at least this is what is happening across the industry. People are going from the sixth to attend. Their goal from the 62. Refurbished eight with a new battery something that they're in other words here. He used to be where you would skip a generation rate to save money. Now people are saying I don't need the latest in the greatest because the latest and the greatest frankly not that great no doubt that much better than that in the seventh. I'll tell you know. I may also be hopping away from apple on my next phone purchase hull hold before but how do you do that. How could you possibly talk about the ecosystem changes dramatic because I've been looking into the amount of money that I can save if I go over to an android phone. And it's significant and how how can you save money by using an intra so there's a platform called Google's project five which it's not heavily promoted by Google. But what it is it is a wife five beast. Platform that also has access to three different networks the sprint network T-Mobile US cellular and when you're on the road. But it is significantly cheaper for me data perspective is I don't use much data that turn mine off when I'm on the road just so I don't text and drive. And so my plan if I were to use the same amount of data that I'm using today would be about 25 to twenty bucks a month. And so for me to make that switch all of a sudden I could be saving your 30400 bucks a year. And it's a huge advantage to me to go in that direction. But you can only because to a program through Google you have to be on an android phone. And so that would be that I'm I'm seriously considering that as my next move. If by word to get a new at some point on the one but that are that might be the direction that I go and is that project five from Google where I need an android phone. Yeah but it does project fight takes off you don't think Apple's gonna Conner with that is similar program. I don't know. I only say we now know if they had done this point yet Apple's pretty arrogant. And they beat this picture overeat. For years has talker and everybody leaves entering ghost talked to apple. Very few people have left apple and go on in draw I would have great difficulty doing it because the technology change in the I look at that night that that in. That whole scenario. Intimidates me chuck is going from violence to enter. The I was looking into it over the weekend actually. The new phones from school their pixels. We actually have it looks like it's a pretty intuitive import process that allows you to get a lot of what you have today an iPhone over. In a pretty easy manner so I'm I'm not saying I'm doing it yet and yeah. The others chance that I don't but I'm kinda leaning 7030 in that direction for my next phone now. Aria I night I am and it it surprised even me but it's just the economics of it makes sense it's I just I hate seeing charges for the fifty dollars a month. Every month for something that I just I don't use that much and I just say how or why get back costs down and so this is what I'm considering. One of my sons has the pixel and he raves about it yeah you eat eat so if you asked today eat these on the show periodically Michael. And if you talk to him. He's very happy with his pixel and his wife is an iPhone user so. That there you have a family unit one spouse is using pixels in the other ones using the iPhone. And they seem to get on you know the big reason to have the iPhone in the past was facetime university could communicate via video yeah. But FaceBook came out with that video messaging service right. And I use that all the time do I put a used to talk to my parents who were android users authorities to talk to my son who's in New Zealand. I use FaceBook messenger. Yeah so I. I am considering and I'm still probably maybe a year year and a half away from getting a new phone but it's it's on my radar at this point in time maybe moving. Away from apple which is a war why it's it's a little scary it kept me up for about twenty minutes the other night. Culture you know Bernard ducked it. But the the. You know the house was also surprised that. Apple and Samsung make they make 90% of the profits in that Smartphone business they edit. It's hard very that that's going to be a big challenge for them people stop buying new phones Aaliyah. They wanna thank you'll for tuning in to the financial exchange today the market is open and it's in positive territory but heck we all know that doesn't mean how it's gonna finish the Dow is up 57 points right now. It's very chuck from the financial exchange.