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Full Show 3-16-18

Mar 16, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day I can. And now the financial exchange with the Barry Armstrong and chuck Exxon. You know I was going through a list of stories that we have today. And and I realize that the first five of them are. Borderline depressing when we talk about some of some of the things that we're gonna get into here. And so we're gonna mix that mix things up a little bit and what better topic that we touched on. Well yes they very briefly as well. But let's start off by digging into. Get that the leaders that we have and that potential development of this trade war that may be brewing out there Chuck Todd and Mike Armstrong you're Tucker Silva as well and Mike. Looking at where we stand right now looks like a lot of forecasters are start and say hey if this if if we do end up in a trade war with lots of retaliatory tariffs from other countries. All of a sudden this could be something that really impacts US grow yeah I mean there's just no there's no doubt there and you know forever when it's looking at it. The you take a look at just the steel aluminum tariffs and the fact that we are exempting Mexico and Canada if you add these tariffs alone. And that was the end of the story the impact could be pretty negligible I think everyone's willing to admit that yes there'd be slightly higher prices for everything from vehicles two cans of beer. That is in the concern though the concern is the retaliation. And a lot of companies are starting to really speak up and voice their concern everything from. Soybean farmers all the way over to. You know Harley-Davidson you know how they Davids are you tough spot there they're really really concerned about the retaliatory. Step. Actions about the country. Saw it in the concern on this is that let's see let's say that you start to see actions like this going on. All of a sudden you have prices going up because it's more expensive to get your goods either producing them domestically or importing numb at higher cost. You don't have growth going on in you know that's associated with that answer you kind end up with this return to the stagflation that we saw back in the early eighties where they're going. What we're next going on here this does that make. Since for anyone yet and I think for listeners that we need to separate side very much separate two different things that we're talking about here so the first thing they came out. Where the general. Terrorists there we're gonna. Put on steel and aluminum and those were supposed to impact everyone allies those you know no matter what it is any. Steel or aluminum coming into this country's going to face tariffs. Since that happened one we create some exceptions to that but since that happened there's also been a separate discussion about specific Chinese penalties and to meet under very different completely yet completely separate issues we need to separate them. I'm I'm pretty comfortable what we're talking about with China guy you know I've we haven't seen like details on it but. The logic there makes sense the other issue there were talking about is terrorists against other countries including a lot of our NATO allies and that is the one that really concerns me. So obviously this. Going to be something we're going to be getting details I believe on the EU's retaliatory tariffs. Either today or Monday so when the next couple days. And that's going to be something that I think is very interesting to see on this just because obviously. The of the clearly these these tariffs I don't think or intended to target the EU but you may end up getting some retaliation there any. You bye Andy you know it's. I understand with the top administration is doing because. It is very very difficult target one cup one country we've tried this before we try to of the Obama administration were said okay we're going to be imposing tariffs. And just Chinese steel aluminum and you it's really easy to do send Chinese steel to Canada and imported through there right that the problem is we also have tried the broad based hair back during the bush administration. And that didn't work either so you know I think again it's it's that is the case of trying to find the right tool for the job and I think we're still trying to figure out what exactly. That tool is other news out of Washington that potentially. Could move markets a little bit president trump it looks like national security advisor. HR McMaster is on the outs there at the moment yeah I you know the the administration. Has denied there's anything going on right now. But it sounds like something was kind of leaked and that distilling it a couple of months. Said nothing's happening right now but we'll see what happens next couple months and I mean this is a you know. We see a pretty big shake up really you last month and it's been going on for for the entire administration bet. Pretty significant big rolls over just the last. 1530 days flown. In in when you talked about the shift from a foreign policy perspective of that kind of loops back to terrorist. You've got two very important people moving up pretty quickly than Rex Tillerson and HR McMaster. The only one who's really left on that foreign policy front in terms of the original team then. Would be general Mattis wrecked as secretary of defense and silly semantics and gee you know you've had two thirds of kind your foreign policy team move on and a short period of time you just wonder if you're able to coordinate policy effectively at that point. Yeah although if you're trying to really shift the way that you've been doing it since the beginning if you are looking at a big shift in shifting towards Korea are shifting towards North Korea yup. Perhaps that's what you need perhaps you need a big shake up because you're completely shifting your foreign policy I'm not I'm not know we're not sitting there at table. Let's move on to our last piece of depressing news before we. On the finally changed things up a little bit 65% of Americans save little or nothing in about how. Half of them could end up struggling in retirement this is from a survey. From Bankrate dot com looking at their financial security index and what they found that 20% of people don't save anything. Correct 21% of people's safe 5% or less. And 25% of people say six to 10% so 65% of people save less than 10% of their salary. Each year in this generally the minimum that most neo advisors look at saying hey this kind of the bare minimum you have to hit. To get where you go right and you know every bring up states like this pretty frequently and what surprises me about it all. Is we never seem to see the numbers change. Yeah I I can understand why you would see these numbers this in this fashion when we had really high and unemployment. But the discouraging piece here is we've seen incomes starting to go up we've seen a number of changes in employment but we don't see these numbers changing much and there's. Question for you and look I know that there's always knew once in these things and we don't know specific families in this and that. Spending problem or income problem. Don't say both are spending. I see it ID to buy I know there there are a lot of folks I know that don't make a lot. I see a ton of people who make a lot and spent every dime they have. And it is you know they say oh like kicked up my cable bill what are we gonna do. Find something other than 200 dollars worth of cable to spend your money on. But will all of our kids need cell phones they have to be able to get in contact with a spike and don't flip phone the cost ten bucks a month they needed data plan the twelfth. All right lately the spending on cars recently cars you know the average price for cars 35000. Really you in the death 35000 dollar car a lot cheaper you know by a little compact car in if you need a pick up truck two weekends a year three weekends a year. Rented from home deep vote 75 bucks an hour and it'll save you ten grand over the course the life of the car train a lot of pickup trucks out there with empty beds. Let's just say attacks Smith yeah 99% of the time that bid is unused and let's look if your contractor you run your business chart great get get the biggest truck you can find noted all the stuff there. But if you're someone says. Yeah I've really need that truck is I gotta you know go to home people every weekend. Brit Brit the truck for like one weekend and you'll be fine. Do you do if you're making the trip to own people or we can you tend to borrow it or you can just get a midsize injury and you'd be fine. That's there's I mean there's certainly a lot of strategies the conduct cost. You know cost cutting effort for people looking for some general guidelines yet the reviews these islands on the show in the past an article you know off the CNBC. And by age thirty you wanna have about one year of your annual salary saved up I 35 trying to have twice during salary 43 times or 54 times. Basically every five years having another year and you're annual salary saved up is a decent guideline for for most people Andy I think obviously depends on your spending you know if you're spending is also way higher than those guidelines might not be enough. The nice thing though is that you're on the financial exchange not only do we talked about you know ways to potentially cut you're spending. We're gonna give you ways to potentially cut spending as well yesterday. We we got into a eight conversation just very briefly only for a minute or two. About whether or not animals should be allowed in the main cabin of a plane and the the audience was pretty divided as the tiger not on the wrong side I looked at the poll this morning before it changed it to today's ball court yet and 30% people said. Yes so the majority were bill that dog should not be allowed in the in the main capitol current yet so I open this up nice it looked. In addition to animals I think we should offer people the opportunity. To ride in the cargo. At a discounted fare. Actor and so this brings us to our poll question of the day up right now on financial exchange showed dot com. What you fly in the cargo hold for a half price ticket now would there be some sort of a seatbelt. You can help it take any direction they want seem to be belted in Ottawa would. Think about it but. I also decided that we needed to rebrand this as something you. That you know incorporated the darkness the excitement. And that beard you get of being in there and we're gonna call midnight costs midnight class Alina costs and so so would you fly on a midnight class ticket. For half price and you can go to financial exchange show right now financial exchange so dot com and you can vote on this now. Would you fly in the cargo hold for half price ticket I mean there's a lot of details are sort through here are their flight attendants down there isn't just younger in there and shut your pie hole bare bones there's not a flight attendants there are no bathrooms but it's half the cost of it is half the cost so if if you were flying on it if the foot was normally 600 bucks it's 300 it was normally 200 it's a hundred as soon as. It's half price no matter what as is processor opportunity for like the Sampson nights of the world to some and a sponsor of a cargo when the midnight class yeah. Yeah midnight us again that that's what we're gonna roll with honest I voted yes I I've voted yes as well I am voting yes on this as well once again head over to financial exchange show dot com you can also Texas at 63. 566. And let us know your thoughts on midnight class and whether you want I mean to be in the first inaugural flight when we finally get an airplane I mean the dogs thirty down there. Today I could have peak. How about it could be merit so any bad again financial exchange showed dot com. Let us know if you'd like to fly midnight class four A half price played a play with the puppies to America exactly utopia it does come with dogs and I'm okay that's that's the perky gives you get a nice Fuzzy dog Dakota with. When you're in midnight costly full pulled an awful take of the last we'll take a quick break here. We'll take a quick break here and when we come back we'll be talking met Toys 'R' Us what happens to be 700 stores that are going to be closed down. Will give you that information right here on the financial exchange radio network. Like us on FaceBook and follow us on Twitter that's TSB show you. Breaking business news is always first right here on the financial exchange radio network. 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 Todd bloods. 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. Our 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 of listened 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 Shimmy wealth 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. This program is fully sanctioned by the federal government and it will allow your business to expand and grow. Learn more by visiting the EDA at US VI. PGA dot org. Hi everybody it's Barry Armstrong and Jake two Lian we're talking about a program called see rent. Now this is specifically. Designed for those of you who wore landlords and used to collector checks with paper checks are gosh maybe still do. Will zero rent allows you to collect checks electronically. Jail is hoping you could spend a little bit of time explaining how easy rat works and why it's a big advantage for landlords. Absolutely vary so we we develops he rained two out of me the whole race in house because right now. You know with the landlord when you're getting rain checks. It's low it's unpredictable. Missing envelope the great line mostly waiting he might not get all the rent until the tenth or fifteenth of the month furthermore if your landlord on vacation in your rinsing your notebooks two would you rate does is it really digitize is no. It makes the wrench electronic payments it allows for roomy cheering for multiple roommates and apartments that's great if you're renting at the college student salute. 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 free free. Those participating banks are meter paintings don't pay messed me 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 fury if you have a community bank that wants to be a member have them call us and haven't sign up in the service and then be free free. All right if you wanna learn more about easy rent. Go to Z rent dot net and 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 total free. 8776917900. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word. Barry is 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. Folks just reminded you have anything you'd like to say it was you can text us at 63566. Tucker what do people have to say first in order to. The world tactical. If you're the first time texting or Columbia detects the word buried along with your first the last name. And what you in the club here in the club in off the text buried there are some time now that is a one time thing. Again that number is 63566. Checking out our poll question of the day would you fly in the cargo hold also known as midnight last four and a half price plane ticket. Looks like we're about. 5050 right now little under yes dessert 44%. Knows or 56%. Again the benefits of the of midnight class you get to fly with the dog so if you like dogs you can fly with them. And you also get to go down the conveyor belt to get off the plane that's one of the biggest perks we can offer the downside there is no bathroom and there are no meals him as a bucket. I don't even know we have no body no pocket that there's there's no buck are agreed out of the hole if you hold it. All right you're so lucky got a really think about this to go in Boston LA. Yes if if you're just on the show from Boston DC. That again to save a lot of money chuck deputy you can save a few hundred bucks who again would you fly cargo hold for half price ticket head over to financial exchange show I'm just interject here to other things that wind you know before except the ticket is the cabin is pressurized cabin is pressurized it's questionable cabin will be recognized in there and it's either heating or cooling. Residual heating and cooling from it if there's residual heat and cool about it so as it does nothing directed there but it's it's not going to be uncomfortable. Last question for me yes are there lights now it's midnight wraps c'mon I needed some sort of a light now why. And questionable things can happen down there I don't know are we got to vote on your eyes with drug met Toys 'R' Us if let's start first with the impact on toymakers. There are eleven billion dollars in sales of Toys 'R' Us each year. Where we're at twelve makers go to try to replace this into him he replaces. At least initially I do not think that this is going to be fully replace. Eleven billion dollars from one retailer completely going out of business you cannot expect that all of a sudden. All of these sales or is gonna flow over the target Wal-Mart or Amazon.com I just don't see it I mean those to me. Are the three biggies in terms of where you're gonna buy these goods from Hasbro. And mature now and does that mean choose to be just Garcia. I can't imagine that eleven billion dollars going to instantly shift because as you did have I'll shopping at these stories that you won't necessarily have the. So you're gonna have 33000 Toys 'R' Us employees out of work yup and potentially you've got cuts coming at some of these other toy makers as well at least in the short term. As they try to balance things out and make sure they get their books in order. Yeah if I'm Hasbro are fine Mattel I am. Upsets but I'm not on the verge of going out of business if I am a smaller toy retailers and maybe I had an excuse me there are written I'm sure toy companies and an exclusive deals with Toys 'R' Us and babies. That were pretty much just going out and supplying babies. One other thing that's interest he was talking to someone it in our office the other day. And they recently had a child. Okay and they they ended up with a bunch of credits I guess to Toys 'R' Us and babies. I have all this you know money that I can't use and I don't know if I'm ever gonna be able to. Now does that mean that the rest of that happened with a few other retail risky gift cards I'm like give cards to you if you go to business and that kind of is what it is. It's always a good sales on undone I got out got I got two kids I'm going babies. Every week until they close I'll talk. Maybe we could just stock up like a couple of years in advance. Ought to serve very problem that you know we we could do that and then were kinda covered on that front right we we've talked about the toy makers here's the other big question. You've got 700 locations most of them in malls some indoor some of them outdoor. How do you find 710 it's for that kind of space you're not talking about you know a thousand square feet on these errors you're talking about 102030000. Square feet. The case is yet there is no retailer or anyone that's gonna come in here Syria and picked up 700 or become minister's assistant on this story out. No it is the square footage of these things is huge it's gonna have to be dealt with on a case by case basis. I think pylon that can be cited up. A you don't have a lot of retailers that once Toys 'R' Us space I mean this is bigger than any TJ Maxx stores that I wrote about this Toys 'R' Us about the same as TJ Maxx immediately I think it's a little bigger but you're in the same ballpark if you know perspective on this on this story here but I think you're generally in the same hallmark is maybe Alaska home goods are -- game acts. But there's not those gas. You know grocery stores movie theaters. And otherwise your breaking these things up and splitting them up between other. Super Toys 'R' Us is actually towards garrison TJ Maxx or about the same seller Toys 'R' Us typically is between 20050000. Square feet you know TJ Max about 28000 home goods is about 24000. And marshalls is about thirty so you could see some fill their butt. A lot of places that have a Toys 'R' Us are you haven't they already have a teacher acts are home goods in there are so. I just wonder who fills this space I wonder and he emulate you can't go movie theaters to movies are dying in a knock you see a movie theater go in there. I think regular continue to have a one I think you'll have a lot of these just be broken up into smaller retailers in Yankee candle and small stores that move in there. Yankee candle I was at a service says. A great actress I I'd love and unity candles to and you really dollar small candles. So what's your favorite. Any thing that's like coffee sort of flying now mere feet. Smell like it Java thing you know sugar cookie is something look quite like you frankly restaurants and grocery stores pricey ticket of one of the space that you might see some of further push for -- the ages of Jim's I LE solicit business jet and nobody could see Jim's going into some of these but tough for sure you know tough if you are in the use this area of retail commercial real estate if you you know. Lot of these around by real estate investment trusts. Yeah I don't that. There's going to be continued pricing pressure on these on these pieces of real estate I don't see what you do it yet. No doubt about it we got a quick break coming up but when we get back on the other side of that we're going to be talking about how the cities that are trying to get Amazon's second headquarters. They're running into some unintended consequences there that's coming up next on the financial exchange radio network. Like this on FaceBook. Always 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 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 -- -- 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 -- 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 do we that you still every day really. 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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%. On your federal income tax here's Wayne bigs executive director of EDA. This is a program that's. 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 of north Texas somewhere 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 Europe. Business owner looking for tax breaks talk to the folks at the US BI economic development authority and learn how you can put incredible capital back into your business. Log on to their website its USD. IE DA dot or best US. VI EDA dot York. 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 -- 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 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 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 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 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 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 wealth 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 there 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. Results for two 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 street watch a look at the market's performance so far today you don't marry him jog right here on the financial exchange radio network. This segment of the financial exchanges brought to you by leader thank you for your. Looking to diversify your portfolio. Precious metals are Smart investment in gold and silver bullion coins now available all leader bank locations call 877. 6917900. Or log on to lead a bank dot com for more information member FDIC. Mike let's talk a little bit about what's going on in markets right now. Tiffany reported a a quarter of earnings that at was OK but not so much. The corridor that they reported on was action pretty solid they added beat estimates on earnings by three cents there. Revenue beat the same source Dale's. There was a bowed in line certainly above some estimates but below others. The big news is really just about current forecast for 2018 were. Lack luster let's call them. Stocks down about five dollars forty cents five and a quarter percent on the news. Just retailers really need to have very very good news this stuff to not be too stubborn to beat him up these days. Different kind of retailer overstock is down significantly about 50% off their highs after a big year last year. Why are they struggled so much right now yeah you know I think a lot of these. You know overstock way fare any retailer trying to really compete with Amazon. Has just been. Hurting hurting real bad over stock. Reported earnings that were just then Dan at a bare loss that was anticipated they are trying to invest but it's really tough to compete at the Amazon stocks down five dollar sixty cents nearly. That are over eleven and a half percent this morning on the news. Very good let's dig a little bit in to Amazon then so. Obviously we've got twenty cities that are now finalist for Amazon's second headquarters. And suing Amazon comes and says hey here's the here things that we're looking for May who wants in tax breaks to the dot. And all of a sudden. The companies look up and say you were pretty unique cities want to give us some tax breaks wouldn't you want to do you give us a little cash nor to stick around. Right you know time yeah absolutely you know I'm UPS down Atlanta and I hear that there are thinking about given names on seven billion dollars into its nominee and dad Atlantis to government during the haven't disclosed there's yet but. You know a lot of these tax breaks for New Jersey for instance a seven billion dollar break Maryland's a five billion dollar package. You know I'm one of these companies art in the city and I say hey. I don't I don't necessarily need a seven billion dollar break but you want me to not consider another city next time or of you know next time we need to rebuild the building you better be thrown a few book. Few bucks and how. Some that it is in empty threat when it comes to larger companies the company like UPS that they can't pick up and move operations from Atlanta a year out I mean it really does depend on the company. You know you could never text pharmaceuticals pick up and moved from Boston to get their entire company there and you not to have all that talent move with. You know yes your right to although I would. You know I would feel a lot more comfortable are the CEO for text moving out of Boston that I would being a CO UPS moving out of Atlanta so I think there's variations in. What you're able what you're not able to mean UPS's fully entrenched and they got the biggest airport in the world they've got it a lot of entrenched items here but you know other companies. We've gotten increasingly mobile work force these days you know it is not out of the realms of possibility to say. Hey you know what. You know our workers to work just about anywhere. And yes it'll cost us an acquisition but you know before we're gonna pick up and moved to another city because we have these giant tax incentives. And so just the threat of that I think I think can be successful these companies. So new that it Indio Wal-Mart is in talks. To become the biggest shareholder. In Indian e-commerce company flip Carty might not be familiar with them in the US that they are. The biggest e-commerce company in India. And Wal-Mart might be buying twenty to 26% of the company. Evan this is you have going on with wal mart's attempts to really fighting Amazon on all the different fronts. I they're taking them on directly here in the United States are trying to expand aggression deliveries. You really trying to invest a lot of money into their e-commerce and you know but Amazon star and other really big presence in India so this is wal mart's way of competing with them of that market as well I. I don't know much about the company itself and whether or not the the buyout is really good deal for them but I think it's a Smart move on warmer place. In this potentially is a ten to twelve billion dollar investment so you're not talking about Wal-Mart throwing a hundred million dollars the probably talking. Billions of dollars in this case north of ten billion. In order to trying to get things moving on this front here to beat chuck changing for company like wal. It is but India is a huge market there a target populations significantly large the United States. I think it makes sense in the auto sector Ford coming out and saying Toyota we're going to be your your own game we are going to to have better hybrids the new. By 20/20 one you know not only normal hybrids we have mustangs and trucks as well. I mean go who's buying a hybrid F 150 I yeah I'm gonna call out forward here and say I doubt it I do not believe that you will be selling more hybrid vehicles and to you about 20/20 one I don't see it. I've seen they've got some hybrids and forced it comes in hybrid I think as a Ford Fusion model that comes and hybrid and might be wrong. A added and two I mean I feel like there's a much higher push now for the electric rather than. There's a C Max the fusion depth of focus and that's what it looks like and you ought to sales haven't done squat in comparison Toya do you think what the talk about doing this is actually somewhat interest in on the F 150 either not talking about making it a hybrid in terms of pay we can save gas mileage necessarily. One of the benefits of electric motors is that the torque band is it uniform and what that means. As opposed to having to have the engine at a certain rpm and or did generate Max torque. It generates the same torque regardless of near where at the engine doesn't it doesn't rid of the same way that gas engine does and so what they're talking about doing. Is saying look. For low end torque when you're down in those low RPMs and the conventional engine doesn't generate enough supplementing that in order to generate more power. It's interesting out of that's what we really mean by hyper generally they ended have you heard a whole lot of demand for people singer really need this much more torque at my F 150. No sir I haven't Mike you always need always if we turn our youth are always there there are three things that you always need more in life torque. Beef and sleep. If you have more of those things you're fine. To get on T shirt somewhere I don't I don't I did some of these spots so it's pretty good now it's up. You know I think there are better areas that Ford to be investing their money is against my abilities and does and it's okay if you're gonna also investor money on driver of this technology if you're an investor money new safety items like the automatic braking in all of these different items that I think people are going to want to out of their cars. Okay yeah you go ahead and invest in the stuff along side that but if you're investing in hybrid technology as a put in place. You know greed drive it was technology and in place of fully electric vehicles I think you're making a big missed four. What I wonder about what this is whether or not Ford is ten to fifteen years too late because you've got companies like GM going all electric you've got Toyota saying hey we're going to go all electric. In Fortson announcing yet we wanna get in hybrids. In it kind of feels like 2001 breath. You know it's it's like OK that's that's nice but you know it's like if you know they came out there again we've got these great bell bottoms it. Well okay wonderful like we're not in the sixties anymore in LA. Yeah I evolving. I don't know I mean maybe maybe I'm misreading this and may be the demand for the hybrid vehicles are still really high but it seems like. A lot of companies are just leapfrogging us and it's going straight to electorate seems like that's where things are going right now sticking with the auto sector Tucker you've released your most recent car right OK we're gonna we're gonna really on the spot aren't. So when you negotiated release how to go about doing. Becoming say hey here's what I wanna pay and get on a pain in my life pretty much set I I'm trying my best to avoid no money down and mrs. X amount that I wanna pay per month. You know for city. Pretty much that's. The basics of that what I want and that's pretty much where you are going yup OK so. The big thing when you are leasing a vehicle there are few things that need to be aware of that factor into what the monthly payments. The first is that the actual purchase price of the car is what you're paying for in at least. It's the difference between your purchase price. In the eventual depreciated price when the lease is up right that's what the mileage matters so the the first thing the people typically say negotiate negotiate the purchase parts. Get that down and then tell them hey I'm actually doing leaks OK because that way you get the lowest possible purchase price. And then you say what I need I need dual Lisa actually just I don't think the dollars and cents make sense. The other thing minute effort to mention is how many miles I wanna pour yourself 50000 dollar a 50000 miles a year is what it when it sank what it is like that's that'll will mine that's probably made my at least something like that's on the higher end for if he sees all and I think it normal ceased and that's what it'll stay start they start a pricing wise as 101000 a year. Mile wise and and they are yet to twelve and among higher at 151000 miles and you do that fifteen is because you wanna go over and in others ridiculous being which had a goal or did you go reversed yet I don't loop in those payments into a new les how much did you go over on 2000 miles. Host that's like if you wondered now and don't cover you book W about 200 miles worth. -- whatever it is but still pushes. I averaged marriages what 25 cents per mile a few over in in that ballpark yeah that's a more on our yeah. Yeah it's in that ballpark is a problem with leases is I hate uncertainty. And I know there's uncertainty with owning a car too but I I'd really would be stressed if I knew you know if this thing if I'd. Have a shopping cart right into my car at the shoe store or. I'm in big trouble or if I go over by a few hundred miles I don't wanna be thinking about whether I can you take is Carmine X ray drive just. Hey don't like that will earn in terms of the you know the the casual shopping cart. I dings here and there are there random scratch from some idiot part into closed due yeah they pretty much to wave that stuff there are really looking for significant damage or intent here and there so flat injury dear mustered about 35. That prize won't let that slide. But. I just lost interest. It. Just totally laughter but so leases account for about 32 yeah of all new car retail transactions right now it's 20% no none of the other thing that trance but back. The other thing I was assays in terms of Li's the one thing that I really like about cars under warranty nomad life. Epic that's yeah huge huge benefit over used car. That being said. I'm tired of the exciting by the mileage anxiety. Says it is if you are the type of person and he urged about you know ways to not spend maybe if you're the type of person. That is generally just in new car for three years rated yet as. You you want to be in India are every three years that's what you need at least can be a good option. Because yeah buying a new car every three years dealing with transaction costs and trading car in new one every three a lot of expense. If you're someone that. You know bride's car of 250000. Models you don't mind 567 year old car. Idea at least gently in to us and yet I think I've I've after two lease is now I've determined I'm in the camp. I just can't deal the mileage anxiety I'd love to have the new car every three years but. You know I think I I'd be filed with the current at 67 years old and just go from there that weren't there were mileage. Let's take a quick break when we come back breed check in on our poll question of the day would you fly and cargo hold for half price ticket as well as Tesla. And snapped chat right here on the financial exchange radio network. Have a question for Berrian jock. Now you can text us at 63566. And take part in the show at any time you start your text with keyword and join our exclusive club. Days as the 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 -- in new guide out this month to help you understand the process of beneficiary designation because believe it or not there can be complications called out to get your free guide understanding traditional hire a beneficiary designations at 803934001. That's 803934001. Or you can download 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. 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 they have a 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 about 45 years and we have several companies that are doing that Carly and we effectively reduce federal income tax because we do Ameritech's system where we use of federal forms with the money sees him 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 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. DI EDA dot pork. Hi this is jokes ought to and I am joined today by an estate planning attorney Todd lots key from the offer of Cushing and Dolan with your financial exchange quick tip of the day and Todd we're talking about how are 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 local trusts 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 a near mobile trust that you don't have to give up control so let's say you put your house. And lived there you can pay your bills you can rent it and you can sell. And you can buying a house with the proceeds and it doesn't even restart any 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 can even change beneficiaries. On the trust so. Folks in valid concern you don't lose control when you put assets in these trust in 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 irrevocable trusts and again that number is 866848. 5699. Or get it online at legal exchange show dot com. The financial exchanges all over New England to go to financial exchange showed dot com and search for the station closest do you. This is the financial exchange radio network. Our poll question of the day is a break now wants financial exchange still dot com it's very simple would you fly in the cargo hold for a half price tickets. It would be heated it would allow you to get off on the conveyor belt and you could have dogs down there obviously. The downside there's no bathroom and no meals but vote right now on financial exchange showed dot com. Tucker what are the results thus far let's take a look here at the results we were leading early here check in midnight classic fuel and right now the know who's in the lead at 1640. Right now yes we've also rebrand the cargo hold as midnight class to make it sound. Little more attractive to folks test though they are approaching a make or break moments when it comes to relive the long term success of their company. They really are you know we've had down this objective of they'd need to be producing. 5000 Tesla model threes a week it's already been twice to wade avenue and come close. April they're going to be you know basic disclosing how they've been doing and where I a gambling man I would say there are not going to hit this target looking. At the that the cash burn that they have their burning about a billion dollars a quarter. And so that we know they have to raise more money that about three and a half billion dollars left year and so they could get through. You know maybe third quarter if they didn't raise anything that cuts the little close they've probably got a raise in the next three months now and probably somewhere between. You know another one to three billion dollars depending on how far out they wanna go on that. I mean this is a company they were Republican 2010 they've burned through ten billion dollars in cash and it's only a 57 billion dollar market cap company. This is not great is his. Where I mean truth. For anyone that I know the deed might not necessarily understand what that means but that is way way bigger than a company this size there burn non cash. At some point I don't know when this point comes but at some point rate investors take a look at this and say I am not willing to throw cash at this any further. You know folks if you work hard for the past. They're twenty plus years enjoy healthy savings account you're in a solid position to enjoy later in life as Mike Armstrong saving money for your retirement is half the battle. Making sure you leave it to the right people as the other half. Beneficiary designations are not an afterthought while most people trying to think about what happens after the pass it's important to set your beneficiaries properly. To ensure you protect your wealth are firm the Armstrong advisor group has a new guide out this month to help you understand the process of beneficiary designation. Because believe or not there can be complications. Call now to get your free guide understanding traditional hire a beneficiary designations at 800. 3934001. Again that's 803934001. 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. Talk a little about snapped chat I know that Berry is a fan of the stock but on days when he's not in will take the opportunity to. And sure are true feelings on on the company and and what we saw here yesterday was. That. Shares of the stock dropped about three point 6%. After Rihanna the singer. Said that that she. Pretty much had nowhere to go on snapped because they had posted an advertisement that effectively advocated for domestic violence. Yeah I had I mean go take a look at the story yourself effectively what it was doing is mobile deemed you know asked would you rather. Which first slap pre owner puncher ex boyfriend Chris Brown that was an advertisement on this company's flat and and keep in mind that the two of them if you're not familiar with them which looked at how closely do you follow them. Chris Brown had pled guilty to assaulting Rihanna after the gotten a fight in his car. About ten years 1009. This company's. And it you know I will. Give it to snap Chad this year and they are not the only ones making these mistakes you troops had to deal with that FaceBook had to deal with that. Of not vetting their advertisers and because of that sponsor companies you know obviously we know walking Tuesday and YouTube's case you had basically white supremacists advertising on sister ordered like Clorox basically advertising on white supremacist videos. All sorts of this stuff. But if you don't figure it out than your truck. Here's why I don't like the company is because if one tweets. From the singer can cause the stock to lose 4% of its value. Not good tell to the card nationalist we'd like to react with yeah yeah they resided that was one of the Kardashians or genders and they they said oh I don't use this any more than new resigned his awful and the stock draw 2% more fanatical 08% and it's it's crazy it's it's. It just shows how. Easily influenced these companies or by these you know big persona is that you kind of direct people where to go from social media perspective. I just don't want anything to do with that when it is. I can't predict that you know I can't predict. If LeBron James could come out and say hey snap jets' awful everyone leave. I can't predict if who whose big time these days like that Taylor Swift this year as us snapped jets for the birds and let's rejoice with chat instead I Elvis and everyone goes over there late. I don't wanna be playing that. Snap Cheshire sold themselves out to one of the big companies years ago we then they would have the correct. Review processes in place here because they don't they're too small their stock gets hit by things like this. Folks that's all time we have for this hour of the financial exchange we back in just a little bit on the financial exchange radio network. 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 win my script Carol c'mon that's not what do we value 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 grades now all season long. Mount Snow live tickets are on sale now so get yours now at Mount Snow dot com slash save. 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 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 still a bank member FDIC. If you're a landlord and are interested in having your bank acquired as he ran technology tell them a cold as he ran team at 7816418691. 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 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 Todd bloods. 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. I air raid. From either a spouse a parent or from someone else and Mike. It's a little complicated sometimes people who they go through a difficult time where someone that they know closely as passed away. In 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 apparent money from a spouse. That hire ray can simply become your own irony 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 or can I 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 they're Euro seventy year old taking 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 80393. 4001. Or you can go online Armstrong advisory dot com and download it for free there. Again that number is 80393. 4001. Or you can get it online at our strong advisory dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are printer 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 we just make sense of leader banker call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value leader back. A step ahead. 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 listened 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 Shimmy wealth 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. 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. Tipping are better than one that everyone knows that that's where offering to balance the one taking. You can he added tax and wildcat mountains in the same day and it's the only thing. They're just twenty minutes apart in the number one's in the heat. You now and once again WR downhill this winner at added tax and lap cat nap. Cricket dot com for more information 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 they've got another one that is surely worth your time to check out leader bank is offering in east savings account providing free online banking with a one point 25%. Annual percentage yield this is an online product only and there's no minimum balance required 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. 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 your city your world and stay informed and up. Today it's about economic and market trends plus get breaking business news every day it's. And now the financial exchange with Barry Armstrong and sharks done us. Friday here on the financial exchange trucks on a Mike Armstrong talkers over here. You're taking a quick look at markets as we open up this hour the S&P is up twelve points the Dow is a ball 104. The NASDAQ is up almost 29. Crude oil 6127. Golden thirteen eleven and outs. Tenure US treasury sound a little bit today at two point 85%. But overall I mean this is a fairly quiet day to this. Point it is I just saw statistic out there though this pre inching investors just pumped the most money ever into stock funds for single week. Stock funds took in 38 point three billion dollars in fresh cash for the past week that's this week last week this week. Why. Why. What was hoot who suddenly woke up this week is like man let's put some money in. Like I don't know it's just like I know that yet these new records are going to be hit every time that a lot of money to big chunk of change. Big chunk of change especially when you're the market's going to be and it's not out enough area by the lake and notes. Romo now fear of missing out. I do love that word is that if credit. Stock ticker Felix got really caught up in the lastly. Years at that terms become popular Elmo it applies to so many different parts of life it really apply these days the stock market stock market sushi. I'd like that means fear of missing out for those monies listeners not to Picchu now. Fear missing I've got much impeach a formal formal does that much of PG fire sounds like a disease of some kind. And I had our at our. Talk about what's going on and yet National Economic Council Larry Kudlow good friend of the show is obviously. Been chosen to head up the National Economic Council replacing. Gary Cohn Tucker thank you for the sound effects there it's good to hear from him back. Ahead. So let's talk about you know what we can expect. Under Larry total housing. I was the same how is he different from Gary tone. You know I think. He. Cut from the a lot of the same cloth a lot of the same feelings on trade a lot of the same feelings on general economic policy tax cuts. There were to be read in the same book I think stylistically they're going to be very different you're talking about a CEO verses really immediate personality the last forty years just. You guys talk to once a week I mean I think that he is going to be perhaps a better politician and countless. It I would agree with Mike and I would agree with Larry and I think in general it's going to be a counterbalance to what you see from Peter Navarro as far as. That their views on trade and so forth and just getting a different voice in the White House. That maybe bring some different ideas to the table. Vince simply what we've seen over the last couple months now is it fair to say that. When you look at his resignation was cones successful. We'll go to main thing that he wanted to do was get the tax cuts to debt he did that so with. If if he's walking out he's probably saying look I was there a year I passed one of the biggest tax reform packages in the history of the country. I I think he's probably walking out there feel pretty good about himself especially since save about 78 million dollars in taxes based on the one plus a year of service that he did. For the federal government yeah I mean for him personally I guess that was pretty successful. Hey guys I eon. I look at Kudlow and I've he's got to do. Did the nice thing about hello right you can take a look at pretty much any policy there near nowhere stands he's been very much in the public network. Decades now. If he's. Again I think politically he's he's going to be pretty smooth and definitely in terms of conveying the president's economic message of the public you can ask for better person velvet. At the beginning he just gets a little bit of a different view into the White House that what you have from a lot of the president's trade advisors currently Spotify. Thank you Larry Spotify sitting April 3 as their first trading day as they go through what is not in IPO IA and half to. Clarify this this is not in IPO pop it in IPO stands for initial public offering they're not offering new shares to people. Doing this this is what's called a direct the listing meaning they're not raising any money business there's simply listing their shares on an exchange. Yeah days so this is very eighty's yeah it point effort is very different from an IPO. You don't see a lot of big companies doing this sort of thing. I want a one I wonder how it's going to go you know I I'd. I know it's very different but it brings me back to the FaceBook IPO for a few years ago it was done very nontraditional fashion. And really got screwed up and I hope that doesn't happen here was snapped at very different companies but nontraditional process. I get worried about. My money and what do what do. Uninteresting is Spotify. They. They have a more stable business model and some of the other companies that have IPO in the text based recently but the problem is they still don't pay the artists and off. And they and they know that quite honestly yeah and I still don't know how sustainable of a business model it is. In the long run you know is again they've built Tynan has behemoth to this point. There are the companies that have kind of gone this route and then you a couple of years later get overtaken by any technology pandora. Is the you know kind of the most recent one where hey they were the big streaming radio service in Spotify overtook them. And now no one wants touchpad. Yeah I think you bring up a good point having their existing business is probably just. Perfect we sustained by their growth is in my opinion at least not sustainable in 90% of their revenue. Comes from their subscription based users and most of their users are not subscription based users as so your growth at this point is contingent. Upon conversion. Meaning you can never those and on page users to paid users. And you probably need to expand overseas in the probably expansion overseas is you have a lot of barriers to entry in these new market what you've. Different licensing agreements you've got to deal with you've got it's it's a whole different ball Waxman just kind of dealing with the markets that you already existence so. Obviously they've done a really good job getting to this point but like you on the interest in seeing okay how is this this offering this direct to listing go law. Just because. It has the potential. To be a mess for them bouncing it will be but it does raise more questions and has answers as. It does and where I going to bed on a company to succeed. In expanding overseas like I think Spotify needs to do. You know of those media straighter there's music streamers that are out there I would bet on Amazon and apple do much better job that Spotify. As a member of the the guy who I think was I don't know in the last five to seven years. Who ran it was a political campaign for something based on the rent is too damn high Georgia near the register them high. Cost plane ticket is too damn high. And as a result financial exchange where we're doing we're potentially branching out into a new business. We we might start and Errol. And scare about yesterday we're talking about you know this and that in one way or another. The concept of flying people in the cargo hole. You panic came came out more related to the dog yes related to dogs in the carnival denies it looked just however in the cargo hold and so the question is what do you fly in the cargo hold. Which were re branding as. Midnight and by the way you're defining midnight class ticket which fly in the cargo hold for a half price ticket that means half price anywhere so. If you're going to Boston to New York in its 200 dollar ticket normally now it's hundred from your own Boston to London in its 12100 dollar ticket. 600. Downsides. Though bathrooms many in the meals and it's dark. The upsides. He gets them off the plane on the conveyor belt just like you know normal piece luggage you can even choose to if you pay extra beat you loaded through the baggage terminal and come out on that other conveyor belt to him and you do get the right with the dogs which is great fuel dogs you can be down buddhism. It it sounds wonderful unit are pleased with scary animals what what would you now. This up right now on financial exchange showed dot com doctor what kind of results we have for pole not too good chuck nice you can. Financial exchange about it artery to the business model. 56. Point 6% of our listeners are saying no they were not fly in the middle class but you so called good people behind. We do have 43% of people who say they will not that far and I applaud them is I absolutely would especially on a short like if it's a short foot if I'm going Boston affiliate. In the cargo hold else hundred blocks of Phillip for eighty bucks if I'm going to LA. I don't know like I think about it I got you know time I've bathroom breaks but. Of Boston to fairly common bought it and then my parents in North Carolina sign me up it's an hour and a half. No prop I think you that was my eyes closed is dark I think you managed fortitude that's like a three hour flight three in Africa flight now what you get above. 34 hour days where did you run into questions. But again head over to finance exchange showed dot com and let us know what you in the cargo hold of a plane. For half price tickets I would Tucker I believe you said you well amended and Mike I don't think would grow. It's too much and my excellent song. It's like no I don't wanna do in the cargo hold new I want my seat and he deceit Tucker and an eight seats the rose down there like a pencil luggage tale but take a quick break right now we come back and talk oil prices in Steve Wynn race here on the financial X. The financial exchanges lied on FaceBook and YouTube watch Berrian chug discuss the issues of the day and see which one smiles the most. Is financial exchange radio network. 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 they have a 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 the 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 currently and we effectively reduce federal income tax because we do of north Texas somewhere we use of federal flawless with the money CC territory and a fogleman has allowed us to do that to increase economic development unitary 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 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 pork. 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 let's -- 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 guide out this month to help you understand all the particulars it's called the operations guide to a remarkable 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 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 so don't delay logon to leader bank dot com get all the information about this great offer and sign up today before the rates change. Free online banking with leader bank's new east savings account that has a one point 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 step ahead. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear through the thanks Steward diaries 263566. And let us know what you think about the stories we discussed your team to the financial exchange radio network. Talk a little bit about oil prices just because we saw obviously a significant run up the number last year. With prices running from there really the mid forties touching north of 65. Or rather north of 61 point. And then this year we actually did touch that 65 partnership 66 earlier in the year before coming back down into the low sixties were coming guides are getting Mike about where prices might go over the next week or two. Yeah I mean I think in my opinion the only real thing you need to know about the indication of where prices might grow. Our might go is that. The global oil supply increase in fair revised 700000 barrels per day. And the supply increase is more than the IEA is expected demand growth forecast for this year. So we have more supply increase in the first. Three months. Then what we saw them we're talking about annualized numbers here got Vic -- fact of the matter is that the just like pretty much the non OPEC countries alone. Are producing enough increase supply to satisfy the demand for an entire world. One in particular there's the continued increase in the US we've now gone. In the last two years from about eight point two million barrels day we're now at ten point four like we just continued to accelerate right now. That's that's the pointers not only increasing but the rate at which were increase news south accelerating the amount of oil that we're producing out is going up and up it's going up and up faster and faster. In this is all right in the middle right this is all right in the middle of Saudi Arabia trying to take their oil company public. Yemeni UB Regis continue to see more and more US production at this point to pull this up just I wanna take you looked it's. And it can't get the index to show the way I want but if we continue just to see this rapid acceleration. In the US right now and what's what's so fascinating about this is this level of production that we're seeing the highest that we have on record. Is being done with. Less you know were were operating about 50% of the new wells right now. That we had during the first fracking boom. So it is being done significantly more efficiently. It's being done at little cost and it's just it's fascinating to watch as this changes just because the US in a lot of respects we've talked about this. Is becoming the swing producer. For. Oil and if for oil right now. Do you mean at this point what would you pay the likelihood of aramco Saudi Arabia's national oil company going public and count your Torre team. 30%. I will not wanting us to point out I can't imagine a scenario thirties kind of wish in Washington 20% again I just think that they're going to have a very difficult time. Doing this at at this point here. Bayreuth all of this great the United States were producing more oil than we don't need. Our exporting oil. This is all I mean there are. Surely some downsides to fracking for anyone that lives in those communities has seen it. But for the overall US economy this is fantastic news to further news. I'm Steve Wynn indications that he may want to sell his entire state in Wynn Resorts. He owns about eleven point 8% of the company. He's the biggest shareholder in the company but might be liquidating on his shares after being forced out there. Yeah it's an inching position that he is in under his agreement with the company he actually was not allowed to sell. The vast majority of his shares. And obviously. Enough on the board of Wynn Resorts now I want him it's in his. Physically possible because the companies BC being dragged through the mud in all these different states that they're operating in. Because of his because of his alleged misconduct. It's inching his former wife is actually the second largest stakeholder in nine point 3%. Hopes. If if you're nearing retirement and you've yet to set up a trust protector assets don't 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 also avoiding cost associated with probate. Over sixty years old and preparing for retirement now is the time to call Todd Lonsky. Todd as a partner with the law firm of Cushing and Dolan in an expert in elder law to walk you through the process step by step that you trust to set up properly and efficiently. Now there are several kinds of trusts that you have to consider. But irrevocable trusts are extremely popular to establish the kinds of protections that were talking about Anton as new guide out this month. Help me understand all the particulars it's called the operations guide to irrevocable trusts in the eighties you worse for free. All you have to do call 8668. Worry. 5699. You can also download the guide instantly by visiting legal exchange showed dot com. Don't leave this very important process to chance call right now and get your guide 8668. Worry. 5699. That's 8668. Foray. 5699. Another challenger in the shipping wars DHL coming back into the US in order to tried to give UPS and FedEx run for their money as well as Amazon into the space. Yeah I was just say I'm not sure that for DHL is the best time and step in and were right and their position would be taking good hard look at what about what Amazon is trying to do in this space before you know setting up they'd. Big investment in shipping in this country where where is DHO gonna be moving into looks like it's gonna be only a few markets to start Chicago new York and LA soon not widespread distribution of this at least not initially but you know they're also had an expansion to Dallas Atlanta San Fran DC you know once you're into you know seven of these markets now pretty easy to expand further. Day you'd take a look at it's I mean UPS stock from where they weren't in last year when it was on me these announcements there again union. FedEx similarly. There's some serious concerns by shareholders mr. companies as to wire. Where Amazon's going to go and how much they could Chica this market and just don't see. What advantage DHL's gonna have here. Oh I like competition you know for us like at least there's competition coming in I don't know if it'll work on kinda like you I'm a little skeptical. That they can make it in the long run but I like competition. Yeah yeah I mean great for you and me great for business owners. You know I'd love I would love that Amazon and UPS FedEx DHL would all be competing for my business along with the United States Postal Service. I F five you know very large. Reliable shipping companies that. Hopefully would see prices come down. Folks are getting so much text messages in on our whole question of the date it would fly in the cargo hold for a half price ticket. From the 978 Chris says I definitely do this at least once so we've got one customer that's our first customer. And also actually I definitely wouldn't buy one of those portable camping him exit setup he'd be also. Now is that allowed. And with the hammer how the hell that stays still. Taking home though it is its way that is what is it sways puts him meddling baby it just it it knocks you right out. Laterally when you fly out of the hammock can hit your head against the bulls can't we were talking off fair I think the best approach would be like a roller coaster set up yet the thing is pull down strap it up against the wall you buckle up against the wall roller coaster that's out. I think it makes sense but again head over to financial exchange showed dot com you can vote in our poll question of the day will be fought in the cargo hold for half price ticket. We have an update on the results talker. A doctorate for us about it bitches we're not we're not sell people on this apparently is 63%. Would say no now so it's it's getting worse by the minute so maybe there's a reason why airlines don't do this. There critz. I think it's it's just Mike also brought up something that you could do also is you know how a lot of the airplanes they have get this the seat back entertainment right now. One of the ticket won of the channels could be watching the people in the cargo hold cool well welcome like paper view. But yeah they yell and I I wouldn't I would not. Go in the cargo hold but I would be more than willing to pay a few hundred bucks to watch when a view to it it's human cargo hold so. All about that. I I I think will be great once again financial exchange showed dot com if you want to vote in that poll question what's to a quick check up on markets right now. S&P is up eleven points the Dow was up 96 the NASDAQ is up thirteen at the moment so all major US indices are in positive territory. Right now at least where we sit almost halfway through the day. Noted some of the big names recently Boeing continuing to struggle they're down a little more than half a percent of the moment GE stock also down. About half percent in trading today. Coming up we're gonna talk a bit about bottled. Water and whether or not there's any contamination in there right here on the financial exchange radio network. The financial exchange is alive on FaceBook so make sure like your page and watched 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 a speaking to business owners everywhere who listen to this program the United States Virgin Islands are great place to locate a business they have a 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 us. Fully approved by congress has been in existence about 45 years that we have several companies that are doing that Carly and we effectively reduce federal income tax because we do Ameritech's system where we use of federal flawless 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 Europe. 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 USD. IED a dot or best US. VI EDA dot pork. Okay skiers and riders listing look at your long range forecast for Mount Snow Vermont. Monday's snow Tuesday no Wednesday eighty 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 on the northeast most powerful snowmaking system just two hours from Hartford and you know you can count on grades LLC and Lanka. Mount Snow live to get there until now to get yours now at Mount Snow dot com slash. Ain't 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 we called Todd lets -- 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 other several kind of trust to consider a reputable trusts are extremely popular to establish the kinds of protections we're talking about the 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 -- 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 that's where I bring to mountains and one. You can I ask him about that mounts in the paint on legally. They're just twenty minute aren't and number one in the I'm. Now he's the one WR downhill this cleaner and added tax and clouds and map. Out and we can't dot com for more. From. Hi this is chuck is not in I'm joined today by estate planning attorney Todd lots ski. From the law firm of cursing in Dolan with your financial exchange quick tip of the day and Todd we're talking about how are vulnerable 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 a near vote Coble trust that you don't have to give up control so let's say you put your house. And lived 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 irrevocable 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 to 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. You skewered Barry and join our exclusive club this is the financial exchange radio network. This segment financial changes brought you in part by the US Virgin Islands economic development authority. Hurricane German Maria were devastated media are already well on their way to recovery. If you're looking to start relocate or expand your business US Virgin Islands as one of the most competitive business locations in the Caribbean. Take advantage of incredible tax incentives that are fully sanctioned by the US government for more information visit US VI EGA dot org. Relocate your business in the US BI and reduce your taxes by up to 90% to learn more call and receive a free report at 855622. 3634. Visit US VI EGA dot org. Report out today from a a group called or media. That suggests that if you're drinking bottled water. It might be ingesting these little micro plastic particles. Yes the report found that. On averaged ten point four plastic. Particles per liter of water were found in there which is two times more than two times more than you're finding just regular drinking water. Yeah the the big thing is we don't really know this is. Bad for people right and a good one no one's really sure because that we know that if if fish in jest these and then other fish eat those fish. Yeah yeah if it passes right through the system it did it doesn't get absorbed in any way by those predators. So we don't really know if it's bad. And the other thing is this is not a pure reviewed studies that we also don't know if it's confirmed. It is very initial. That said you know even if I probably not surprising right. Yeah I mean conspiracy mail had a glass of water bottle prime makes sense that we've all kind of probably thought this is the back or mine for years I wonder if there's more medal in the one that I drinks it's going through you know. Pipes by. A little noticed we drink. All of a string. And we in this office have a water cooler so frequently and using plastic bottles bright. Generally speaking when I hereby reports like this say. I'd rather be safe since our marine exactly I don't know that I need to inject as much plastic is as I would be badgering you. Water and plastic bottle every day not to mention some of these you know this people ought to punish people out or leave their plastic bottled water in the car. Once like don't need Yeltsin's yeah eighty degrees outside in it yeah it's way harder in the car and then make go back in the triple if it can't be good. Of always wondered about the reusable plastic ones like analogy bottles and stuff plea to those breakdown only way this Garrett here than Gillick that when that you're drink out of right now and every other day yeah no it's good. That that was good yes it's good okay. And I did I mention I read here all my meals in that little plastic to port containers here everyday I've heard people where young patient the top where you should not be receiving the plastic. Yeah I do that pretty much of them. Not like or like all of the coffee cups that government drank data for fifty years or styrofoam aria you know all the star from concert thrown for a minute and act it's going to be away were the plastic bottles and will be good you know what did everything cause it. You're much you know it doesn't. Flip the burger flipping a robot area and a bit this is the best story of the day so Mike you he's at the stage for this. Yeah well. All you need to know is that they created a robot. That you know. Cooked burgers and that's the burgers. And they named a flip beat which is the single best naming of a robot to bet that I've ever hurt during in my some seed three PO guy. Yeah number I did this beats out all the other little pot with a silver really has agreed Nathan during the great great ring to it colonel flip diesels like pilots are. So the burger is started the burger flipping robot was created by the Cali group which operates a budget burger chains out west. It took 2000 burgers and in today by itself to press and and you know we've been. We've been hearing about all these. Minimum wage demand across the country going up low income. Low income earners working at faster chains demanding higher wages and we've been talking about this result for awhile and then this is not a mass production it's obviously much more of a PR stunt than anything else they get people winding up its expert changes to watch would be flipping via the burgers that's so boring life is today is that you line up to watch a robot flip pieces of meat a pro ago. But I mean. Is the fact if you want a four dollar burger. Then. You're not going to be able to afford to pay people fifteen bucks an hour minimum wage and this is going to be the solution return. Mike. Question on you know on something like this is is this a case where you can supplement humans rather than replace them. Is something we're due to speed up the process by having this be part of it you still have people doing other tasks it's both I mean it's both he still needs some people you know doing other parts of the job you're not going to mail the jobs. But presumably if this things doing to split in two house members of the day you're not going to need. You know somebody there for now it is only eliminates one energy jobs but that's though one huge I mean this is sport this is throwing them Perry's been harping on in terms faster restaurants for years now he's easily so you can fully automate. With robots a fast food kitchen which I dish corroded Beisel think they should be some sort of a human element there robots got no soul. Yeah I want some love put in demand for have you know LA you've had lover's soul put into your McDonnell never now wants to know. What episode they dig out passage today and no none it's just know what. I guess I would imagine you'll see this on fast food but like I don't think that the average shipped to sit down restaurant no. It's not matter at all here's where I see this and use. Automation in the next few years yes the very rich people. Tasks like tossing Fries and two of friar pulling out with salt and it was the exact same amount is a fairly easy but also. The going up in order. Yeah that's what our automated I want a touch screen that we put in my order and that's it you're semen now of which is the last flight that I just talked. I had to go through new war and I was on United's oh we're in the OPEC oil had Dow was in the same airport. All of the kiosks yes so it's unbelievable you go to any restaurant there or even sit down anywhere. In there is just a tablet in front of you don't order with the person you put your order in there you swipe. You tipped you close at check without talking to anyone. See that's where it makes the most sense because getting people you know first of all security clearance to work at the airport and then presumably got him a fair Geithner and that's where you're gonna see is that at first I hadn't seen that before alive and unit it was amazing he sat down the bar. There's a tablet look like an iPad and a non -- order you meal and then some brings over Syria while you wait you're playing the TV games you can play games like bar games on there right I was playing like picture binder whatever it's called for free yeah for free and if you won like I mean it's the odds are pretty low but if you won salad actor go against our torture bill. You know something like lose interest it would have to be really fascinating to watch it's it's coming it's no wonder what the average hours hourly salaries for retail workers and report. I'm guessing fifteen to sixteen just because it's it's higher because you have to pass background checks and things like that yeah so like I did the math and let's say that one of those tablets cost 600 bucks right if you conceive. Fifteen bucks just let's say that you pull one employee out and say look I don't need one extra employee. You make an extra 220 bucks a day just based on that it pays for itself like the race now. I think and I think generally speaking for that type of transaction the adoption by customers and be fine. A white is certainly our generation but I you know I I I think my grandparents' retirement that. Yep it's in and look it was used you sit down and I'm just breezed right through the airport is half the time like there's airport bars or restaurants there's people running around they might not get to you for ten or fifteen minutes just there's so much going on. Anyway I think that was nice is also let you scan your boarding pass and and so it would tell them locate your flights in half an hour you've got to kind of boss disorders through pretty quick in order to make sure it got out to. You know on top of airports I did absolutely see that technology going to the Chile's of the TGI Friday's of the world Leo mom you know not not some -- happen I think like old guard might happen now it would surprise me just go to the bar and sit at the tablet in some -- you food it's it's easy is that if I'm going no place like you know what to idealism and I don't want that experience I want the you know to sweeter recommending me everything like I still want to analysts talked to some prefer it's like chili's Ehrlich okay. Who cares. There's no special fitness going into tonight's tonight's new chilies and it's no specials on the foot piece in the back there with murders. Good news for homeowners in 27 team homeowners on average gained about 151000 dollars in home equity last year. Almost a trillion dollars and total yes so this was the to change the most agree since 2013. Serena retirement very significant increases. This is one of those you know tale of two stories right if you are a homeowner right now things are looking pretty good if you are trying to buy a home right now. Things are looking pretty rough there's a complete lack of inventory no one wants to sell and yeah I mean if you are if you're one of the minority that are in the selling group right now I'd imagine your feeling pretty good in most parts of this country. Pretty much of stick a quick break when we come back we're done but Amazon and how they judge the success of their TV shows we're also gonna circle back on our poll question of the day. Would you fly in the cargo hold were they have placed half price plane ticket. Results not looking promising for a little bench Dockery that's coming up right after this break on the financial exchange radio network vote and Howard daily poll question. Had financial exchange showed dot com while you're there buyer of the media player and watch the show while you're. This is the financial exchange radio network. 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 we called time let's tee 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 -- applicable trusts are extremely popular to establish the kinds of protections were 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 remarkable trusts and it's yours 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 coloring now engage your guide at 8668485699. That's 8668485699. 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 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 about 45 years that we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech system where we use of federal forms of 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 onto their website its USD. IED a dot or best US open. VI EDA dot or. 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 round date with easy grand 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 -- -- rent your payments for each unit received regularly on the same day every moment tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot -- to learn more or call 7816 or 18691. Okay skiers and riders let's take a look at your long range forecast for Mount Snow Vermont. Monday's snow Tuesday no Wednesday snow again Thursday's 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've got the northeast most powerful snowmaking system to two hours from Hartford and you know you can count on grains LLC and loch. Mount Snow live to get around still mounds and get yours now at Mount Snow dot com slash states. 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 to set up your beneficiaries properly to ensure you protect your while 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 -- Result with the 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. Security suffered through securities America income members finreg SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative 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 and tech sign up and running to when you can tell us what you think right now but texting us at 63566. He skewered Barry and join our exclusive club this is the financial exchange radio network. Thought we got some bad news man known as well be a bad news. Only 38% of people wanna fly in the cargo hold for half price plane tickets more room for us might be good news mean we just need smaller planes and that's the other thing that we could sell this as. You get a tunnel leg room. If that's true now while we should let off you get a total leg room need more leg room you well you want her Klein fine bring a beach chair. You can look like an hour right. On the zero practice facility a I sit and read in additionally instead of going at midnight last we can just call splat class. Less attractive notes not the other one that one of our listeners text and on who was at 603. Cargo called Alec. In the cargo called man team now that. You know bar down there you know I think it sounds kinda cool again I spent the day in the cargo club you know I'm just gonna do my thing down and cargo but. Anyways my Amazon but cycle shrink went everywhere but it's. You can only get your drink shaken not stirred up. We don't start drinks we just shake him up. That's as bad as exclusive as Costco club. Yeah exactly. Amazon that we know they've been spending a boatload of money on content for their video platform Amazon video. And they've got a pretty good way of judging how a product or how we show on that platform. Successful yeah I mean this is the had is the challenge of offering a free product re and it's it's a part of the subscription comes free when you sign up for Amazon prime what they're doing is they're you know taking a look and saying OK well with some great signs up for prime what's the first new video they watch and that's today and the acquisition costs and new costs are people signing up for prime. Because of this free video service. Personally a few months ago I I had both Netflix and mr. Abrams on prime cut my. Netflix membership status was watching it very infrequently I don't wash your things series and I picked up I serve much and one of two things on Amazon. You know generally I've. I've read the reviews and see what looks good in I've been pretty after what they've been in duo lately. There's a show what they're called sneaky Pete yeah it's causing a is that its second season just came out last week yes I disagree the first season sneaky Pete's you know would you call like dad. Grungy year ocean's eleven. Yeah I think ocean's eleven ounces and is brewing equipment I am kind of like. It's like down south at them like that one day you know it's it's it's nice rural America in a girl America is dedicated New York pretty interest in show that as it. Me and high castle I thought it was a fantastic shows that another Amazon shows that did just incredibly well that's real bone bay port ton of money in a match. So avenue they have struggled though I mean Amazon's video studio they had to fire about the executives over grass and concerns. They've had some big issues and they had clearly have not had the same success that Netflix is that if Netflix has really had a blockbuster after blockbuster show. And you know Amazon's having trouble attracting people and he paid the same president put plus you get access to incredibly good deals on shipment. For thousands of products and tolerance doesn't offers oh yeah fake cancer if they can't succeed here and that's a real concern. Interview familiar with Robin Hood. I don't dye the person but yeah I that and I sir. The red it's it's an app that allows for. What they call free trading of stocks and ET Epson equities and things. Yeah it's a it's a very moved here I mean. You can pay me only five bucks trade anything for that fidelity and things like that but this is obviously a service that offers free trades. And then they offer a bunch of you know more subscription services again and waited this subscription economy's going to Netflix hands on things like that. This is what this new companies going yet they have the margin account they charge you six dollars a month on end and also make money off the interest that they are in and so forth like a loser I think their biggest promotion is if you refer friends you get a free stock. So for example I invited a friend to sign up for Robin Hood. And I got a free share in serious radio. Interest but it's like a random stock that's pretty much what they are not getting Amazon 15100 dollar mil on yeah. And you're certainly not getting advice management. As the summer that's a maybe it's an active trader my concern would be I don't know this is completely theorizing I don't know who they clear through but I you're really getting the best price execution by using company like this I I don't know they. They've got four million users yesterday there's a lot of people using the platform again it's called Robin Hood if you ever wanted to look at Al. And it's it's valued at five point six billion dollars in the new round of fund raising. That they're doing they are gonna be securing about 350 million dollars from a group of investors so. They're Smart money look at the same hate is a way you know to get people into the investigation. Yeah I mean here's what makes me doubt it at five point six billion dollars they've got to valuation that's equal to a third of trade and E*Trade to me seems like I'm much more substantial presence and I get that you have these growth projections for a company like this but it. I don't know how you can die this company's third betrayed numbing EU figures we've got four million used to be known how many E*Trade users there are. I don't know but I imagine assets they have are far far higher than from the rob moments ago. Trend. Tickled and see what I can dig up here on this. E*Trade has. Allowed E*Trade oil has three point six million brokerage accounts. Yeah. I bet there are a lot bigger. E*Trade all but yeah I mean that the revenue I'm sure is just massive debt massively different just E*Trade charges for trades the other services they sell and so forth. But yet it's it's it's somewhat shocking actually. But yet as I I just funny adjusting the other thing that I find interesting on it the average age of a Robin Hood account holder is only thirty. Interest you know sit there they're not dealing with a lot of people with the you know a ton of money necessarily. But it's I think just anything getting courage is people to start investing at a young age I like edged don't know the valuation makes. Yeah I'm all for me again near these companies all look really nice in grave when the stock market flying up and from wants to put money into it starts to look a lot different when you that corrections people freak out I wonder what happens once kind of easy access to capital usually you go through downward market. How many these companies just disappear like Robin would go away does you know is Tesla able to fund raise anymore I mean it's a just. I just wonder. The we wait and see. Quick look at markets as we wrap up the morning here. S&P 500 right now up nine points the Dow was up 101 the NASDAQ is up six now half. Crude oil actually rallying right now I don't know what pushed up in the last ten minutes but up to 6221. Up almost 2% today. Gold is down about six bucks announced ten year treasuries it to 85 pretty much holding level. From where it was earlier today. Bitcoin just because we haven't talked about and a lot of that 8500 dollars per fake point. And soon in terms of the a major stocks. GE continuing to sell off as we speak down to around 1425. Per share. That is all the time we have for the day its all time that we after the week. We'll be back on Monday on the financial exchange radio network.