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Full Show 4-2-18

Apr 2, 2018|

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This is the financial exchange with the Barry Armstrong and showed saga. You're exclusive look at business and financial news affecting your day you're simply your world stay informed and today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck so. And. Imagine if you will a world where on Saturday morning the wife says Tia funny. Run down to Wal-Mart I want you to pick up some snow tires and couple pounds of chicken and oh by the way. Get your blood pressure checked. Well we're going to be following that story because Q Wal-Mart might be buying Humana. Secondly we're gonna talk about the Chinese retaliation to the trump tariffs and then thirdly. Talk about boomerang generation the pitfalls. Of moving whole everybody it's buried truck with you here. It's a Monday morning it's a snowy Monday morning mind you and lead story today to cast to be this Wal-Mart buying Humana for at least. Rumors to that effect yet in talks at this point and typically when you see something like this if a deal is going to come together it's gonna happen in the next couple weeks intends to take. Usually a couple weeks for them to put something together and agree to a framework here. And so Humana currently is valued at about 37 and a half billion dollars what art. They are a health insurer that's that's that that's what they do and this would be the kind of like an Aetna. IR terror terror exactly like that the this would be the biggest deal that Wal-Mart had ever done for a company if they end up completing this. And you know at first glance it seems like kind of a strange fit what a lot of people don't realize. Is that Wal-Mart has thousands of pharmacies in their stores across the country. They've started to open up clinics in some of their stories as well and it's been a major push them kind of under the radar over the last ten years ever once talked about you know CVS opening clinics and all the 4700 drugstores and they're the largest employer in the country. It's a part of it also in addition to being an outward facing benefit or not consumers. Wal-Mart looks in this and says look one of the biggest expense is that we have eased in shoring our workforce we've got one and a half million people that we employed. At our stores are in our headquarters are warehoused writers truckers and we need to figure out a way to cut cost for those people because the cost of insurance keeps going up. Well and in imagined the competitive advantage half. You know think about all the stores they have across the United States that they can turn into clinics remain carve off a part of that store. And you can go get your blood test done and you can go get an X ray done. It's a lot cheaper when you go to an outpatient clinic as opposed to going to a hospital and that's what I think the vision. As with one. One of the questions that I have on this and it's. I have this to a certain extent with CBS as well but not as much just because Wal-Mart with their scale is bigger obviously. So one of the reasons they wanna do this is to try to reduce some of the friction between the health insurer. And their company in in order to get costs down. Why doesn't that start to get to the point where if they can get cost for health insurance below market and all of a sudden doesn't that make it so that it somewhat of an anti competitive practice for someone else trying to get into. The business of running you know large superstore need you don't have a captive insurer now. You're at a disadvantage. I guess CAC you're thinking that might be anti trust issues here I don't think there will be I wonder if there should now. Be the I look at it truck is a traffic creator. Unity they can't if you're all right I'm feeling if you're running on a retail store up right think about when you go like with you when you take your kids to the to the doctor right. Well you're sitting in a in your basically sitting in that waiting area. There's nothing else to do you take your kids tool Wal-Mart and they say oh it's going to be fifteen minutes before the nurses ready to see you rightly whopper on the story might buy us. Yay star walking around and say OK you know actually I do need a pair of gloves for the winter hey you know I'd get forgot to pick up buy dinner for tomorrow night and go grab a couple college flowers. Notices something like that so. I think you could make sense for them. I didn't get it at first I must confess when I saw the headline ran across I said what a silly thing to do but then I thought about it more and sit them. Retail is dying we talked about it rated traffic in wood like if you look at same store sales growth. I think action wal mart's growing but very much one to 2% a year something like that it's it's not a whole lot they need to create traffic in the debt drugstores in the stores now right most wal mart's have a drug store them. They knew that in some kind of health clinic. And just think about the natural traffic that they have now compared to CBS they have a lot more people walking through the doors of Wal-Mart than you would your local CBS the. They do win and again this this deal makes a lot of sense for them. I simply wonder look if if you are let's say that your target them. And all of a sudden wal mart's insurance Costco down by 10% because visit beaver absorb the ensure. You're have been saying gee too lightly I'll take advice as well right but like with a promise there's only four companies and to whom have just been bought like. Here's the thing and it just got bought up. You managed up on the only two more left yet UnitedHealth than I forget the other big one and I got there are some smaller regional place he could. That is only nation want like if you're nationwide company and you know when your buying a company that doesn't offer plans and fifty states you're sitting there saying. She what would you might have to start one might have to start a company. But it's it's hard. I just like I I just wonder if there's so little competition in that space that we just have kind of gone over clipped at this point is. You're you're gonna have when it's also and and that is going to be to insurer to health insurers. That are not owned by retailers. Not sure what time it happened but last night China retaliated against the trunk tariffs now this is to be expected. The end Donald Trump imposing tariffs on Chinese steel and aluminum not that we import any you know they think their number eleven on the list. For where we're importing or steal from. But China responding in kind with tariffs and deepest American meat and fruit. Yet and so the the 128. Items that are on this list. Range from a 25% tariff on American poured in to 15% on for now a 120 other types of commodities to the the rate of the tariff is gonna be between fifteen and 25%. South on these goods. And effectively the amount of these goods that it shipped over to China each year. You billion dollar and so the the issue that you run into is a lot of these industries. Are the very ones that the trump administration is trying to prop up through the use of these tariffs. And so it ends up being case were oh look you might get a little bit more domestic production but you lose the ability to export is effectively and it's in net zero. On your overall bottom line while the only thing is it raises costs for consumers both in the US and abroad. But the the other observation I had when I saw this said boy that sounds like it's shot at red states visiting cancel any Boeing orders you know a little like the red blue thing here it's it simply is going after the very industries that the trump administration trying to prop up now and whether they are in you know. Ohio Michigan you in New Hampshire. Massachusetts cal doesn't matter where they are movement backed is. He's trying to promote certain industries in their pretty much saying. No we're just gonna undo that by adding tariffs of our own and desist cause both countries to kind of say OK and we need to get to the negotiating table it should end and do a deal here. As they both. Be there. All they're doing here is self inflicted wounds so. It's a bigger issue for the US and China White House so so. If you look at what happens in a trade war and if you're a debtor nation. It creates inflation because you were importing more of your goods and answer your cost are going to go up by more than a country that isn't importing more their goods. If you are a nation as a creditor such as China and then it's a case where you're going to see deflation because all of a sudden you're not producing as much so. It's a case where US consumers pay a whole lot more. Chinese consumers don't have as much money to spend necessarily and know when and to win and because we pay more we import less is that your argument. We would in theory and a importing less but still paying more for a he the the thing I always come back to the news we are China's customer. Are we not me again that's the my impression we're moving past that stage now were ball moving past that stage. We'll sit in China is getting close to the point where they can kind of exist on their own and they don't you allow much as we need them and they and they can trade with Europe. In that that trade with Europe they can trade with Russia they can trade the rest of Asia and we need to and have the same problems with Europe and Russia. Ray fail with Russia if they going in steel industries yeah but who cares about Russia Russia is judo Russia's economy is smaller than Italy. Mean there's nothing we got it's it's it's not they're not a world power line in Europe however right at 33350. Million people in Europe that they want to continue to treat. Yet. It's true but the big thing that you that the big issue that you're seeing in the reason why China is trying to move away from being so US focused on is they don't like the fact is that the US in the last few years has been using the dollar. To issue sanctions for things they don't like and that's a threat to China because if you're doing business exclusively that currency in you do something the US doesn't like mean. What happens you end up like Russia being cut off from funding being cut off the capital in China doesn't wanna deal with that. Generation. Boomerang the number of young adults well let them yet they set up this topic. 15%. Of 25 to 35 year old colonials were living with their parents. As of 2016 the supporters you made which is the resource there are research for. I hated to yourself today's young adults are significantly more likely to be at home for an extended stay compared. With previous generations of young adults who live with their parents this according to pew research. The number of young adults postponing romantic partnerships and marriage has also contributed to this. Growing share of those who are still living at home. Tucker you're right you EU recently the EU lived outside in the new no doubt neatly with being with your in different. Yup I have an apartment three and a half years and we recently moved and this past November in house ago got. Coach and now they have a good feeling lucky he had a curfew. Drove her to yet do they impose curfews are yes and Asia and yes so and imposed one self imposed on 9 PM now. It's it's it's it is strange phenomena days. Tobacco for six months and I graduated did you know I was I was back home from pretty much. Late. June evolve maybe five months June through October. It's a gift when you think about the that your parents are. Helping you out because you're an adult you're absolutely and you think about how much more money you can savor DNC can paid down down got to be helping financially out. Yes that is right houses food. Who's got a good good food now all around what some advice on any day and he currently on auditor Nokia. You're getting. I think about this last night when a drivable and I'm gonna give Tucker some well founded advice. The right just so you understand the minute they they're nice to you your in laws to dip in and I'm sure they say ideas stay as well if they sit stay as long as you want. Then does that far they really don't. Now he and the they'll be happy when you but here's the thing here's one way you can get them to embrace your presence too little bit. Larger Danica let's let as you bring a real animals three chores. Three trawlers kill your own food. Bring three duke three chores for them per day. Might might be vacuuming taking the garbage out but do extra things that they normally do and and just be overly helpful that is still what Italy. Yet they don't we are we're trying to be helpful is anyway we can I do more yeah whatever it is you're doing it it's not enough yet you know. We'll take a step further you don't always do little but war some landscape of that would be I tell you what your father in law don't you put a new roof on that house you'll never have to lead fall off the roof and about thirty seconds it took me. D.s word and did your kids move back home after graduation that is our poll question today a good financial exchange showed dot com and it's a question. I had wanted that moved back for three months my daughter never came back my other son never came back most of my kids to knock them back one out of five. Came back. And only for a few months but you know it's a poll question day we want to know did George come back home after they graduated from college. Again the poll question can be is that financial exchange showed a commoner tech's number if you wanna. Send us a message is 63566. Up next will be joined by caesarean thoughtful. From the Wall Street Journal talking about why all of the states are broke wire at least once every state New England broke let you know when we return. Like us on FaceBook and follow us on Twitter packs TSE show you. Breaking business news is always first right here on the 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 day of the tax incentive program offered by the economic development authority that could help save up to 90%. Going your federal income tax here's Wayne bigs executive director of EDA. This is a program us. Fully approved by congress has been in existence for about 45 years that we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech's system where we use of federal forms with the money CC territory at a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us that we cut tax rates if you're. Business owner looking for tax breaks talked to the folks at the US VI 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 org. 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Hi everybody it's Barry Armstrong and Jake two Lian we're talking about a program called Z rent. Now this is specifically. Designed for those of you who weren't 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 better time explaining how Z rent works and why it's a big advantage for landlords. Absolutely vary so we we develops the rain to. 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 right. 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 they'll thing. It makes the ranked electronic payments it allows for roomy cheering for multiple roommates and apartments that's great if you're renting at the college student absolutely. It's predictable it comes at the same time every month. And it's all on me. So the landlords who have been using assisting huge time savings and ointment you are you still giving the first six months free for landlords the first six months or free and then in addition to that. If you bank at one of the participating banks he Renny is always pre pre. Those participating banks are meter paintings don't messed me up at that any bank could sign up break Nicky. They could sign up and become part is he rent yup you fury if you have a community bank that wants to be a member happen Collison will have them sign up and the service will then be free free. All right if you wanna learn more about easy rent. Go to as he rent dot net and give my call if you wanted to 8776917900. If your bank doesn't offer it they can sign up for is he wrecked. Go to zero rent dot net or call them told free. 8776917900. 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. Join our brand new tax club by texting the word buried 263566. To send your first. Last Damon get involved today you're listening to the financial exchange radio network. This segment of the financial exchanges brought to you in part by Dhabi it was northern Italian steakhouse W says nine locations throughout the East Coast with five locations in the Boston area. Including Braintree at the South Shore plaza. And also opening its first West Coast location in Irvine California this summer. At W as you can enjoy seasonal cocktails handmade pastas. Perfectly cooked Brandt beef stakes as well as fresh seafood and salads expertly prepared. Using the finest ingredients at W is it's all about the guest. Joining us on the line right now to talk about why every state are white most states seem to be so strapped for cash is sensory particle from the Wall Street Journal. Sir thank you for joining us. Yeah so let's talk a little bit about how bad finances have gotten in the states before we dig into the reasons why how bad it got in a lot of places. Well Lester 2010 states face budget shortfalls 12017 budget and another ten couldn't agree on new budget on the new budget for the start of their next fiscal year so that the becoming a big problem. What's the biggest line item that's causing this. I didn't there's still in the that are really driving a lot of the decision making and state capital than City Council before any other bill get paid that's pensions and opposed to. Retirement health care costs and the second one is that Medicaid. Are states doing anything to address those two problems. Well the putting more money into pre funding their pension and put a time healthcare obligations and that it's part of the squeezing your thing happening and overall revenues and one have to come from somewhere. A very often and general revenues and you when you make more money to paper those that line items which. Are you know many state quickly detect it and and really you know can't be really reduced. He got a couple of miles that's a similar issue for Medicaid Medicaid is that an entitlement program meaning. State can set parameters or who gets what care what level of care but don't want people show up to take advantage of that yet to pay the bill whatever that. Is are these kinds of deficits and so forth they're happening with the economy at full employment with everything pretty much chugging along. We know that income tax revenue property tax revenue goes down when we go through a recession about to do is get if we see the economy hit the the skids. Well that depends of course what kind of downturn and we keep your right does the cyclical effect all that what's interesting now is you know who did they can look at what part of the announced date and also be that for this project as we look at that. Tax revenue growth for state and local government has gone back pew the 1980s. And their the growth in tax revenues. Coming out of the 2008 at 2000 and the 2009 recession. What the lowest opinion that's recession I think humility that was in the load digits 63%. You know since it's is that though it's been really really really well. Compared to what we talk coming out of the 2001 recession for example. Or you know we're than early ninety's the so that's part of the squeeze and that's why even though. Unemployment low and economy is growing and there's still that lingering pain because. The line items I mentioned earlier pension and many costs to those certain growing at a much faster rate than tax serbians and that's the core problem. What does this do to other services that local governments of previously provided on figure education. Transportation so forth it's got to have some crowding out on those those places as well. Yeah exactly and and and the place where I think it's most noticeable that we wrote about our story last week was higher education. From the data we looked at 198040. To fifty state funded their college budgets mostly through Rangel appropriations and tax revenue it could not tuition you know angled up. Tax and appropriations. But when he seventeen I was truly just twenty states because tuition I become larger funding source and 28 states so. When you look at what that does to families and and and students part of student in Michigan who. I didn't bother when he was attending Eastern Michigan University he was able to pay tuition by working a summer job raking hay and telling telling bill the paper three to four dollars and his grandmother's farm he graduated that pre 1987 west has done is gonna graduate this spring from. A Michigan State University the type of bar 62000 dollars between him and has bothered to put 24 years that so we can definitely see that showing up in terms and things like a college costs. Surrogate is our thank you for the time great work on this we appreciate. So is our buckle from the Wall Street Journal I have less kids going to college. And I think you're gonna have tighter town budgets for a number of reasons one the towns are broke. But also. The lack of deductibility. Of the property taxes I think people are going to be much more conscious of what they vote for the the other and here's how I look at it and I brought this up an empty kind of agreed. This is happening when the economy's going well yelled if you see a downturn in Alderson property tax revenue takes a hit in in your income tax revenue was off 10%. And at the time to fix these things is now right you can't fix them when the economy goes poorly that's when you need to spend money he never knew things afloat and every day and IE did that there's a reckoning coming for some of these states I'll tell you that you looked. Get the you know one of the things you can do on your own at home is just take a look at the funding level. Of your State's pension plan but also take a look at how much they funded health insurance program for retirees it's not very much. They when we come back we'll be talking about Roseanne and ABC's that's our next topic. On the financial exchange. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first place you on the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks -- hassle out of rent today we're zero and leader banks all mine rent collection tool he ran automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot net to learn more or call 7816418691. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Net hi this is very Armstrong and I'm speaking to business owners everywhere who listen to this program the United States Virgin Islands are great place to locate a business day of the tax incentive program offered by the economic development authority that could help save up to 90%. On your federal income tax here's Wayne bigs executive director of EDA. This is a program that's. Fully approved by congress has been in existence for about 45 years a we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech system where we use the federal foremost with the money CC territory and a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us to tweak our tax rates. If you're 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 open. VI EDA dot or a state and asset protection planning can be. Terry suffered a securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated. Time now for mall street watch a look at the market's performance so far today I don't Berrian jug right here on the financial exchange radio network. Markets are selling off. To a degree I mean they're down I with the Dow down about 150 points. Yeah I've got the Dow off about a 160 at the moment NASDAQ actually take in on the action right now down almost 2% then led downward by Amazon which is off north of four. On continued up pressure from mom the trump administration here. And so you have tech that is pretty much selling off across the board led by Amazon there that really seems to be the catalyst to this point in addition. To these terrorists that were announced over the weekend by China. Finally writes as it relates to our interview with the Wall Street Journal. Bertha states are broke maybe that's a good thing that means they have an overtaxed us or is that wishful thinking. Well it is wishful thinking I tell you why it's it's say is if think about the state the condition our states are in as one like this they've run up the credit card bill. In all they've been doing is making the minimum payment so. You might have a credit card bill that comes in with 3000 dollars in the credit card company Mitsui to do is pay 150 dollars a month. But it's accumulating. And the interest rate is fairly low for most of the states. But we've got this huge amount of debt at the state level I don't worry about the federal deficit but we do I ever worry about the state deficit. To an end in the issue is that there is a a spectrum between the state being broken over taxing. You know as a kind of opposite ends there there's there's a healthy middle ground where it's okay we can run up a little bit of a deficit we need to begin we can have veto a sustainable level there. And in a lot of states you're kind of past that point you know who the worst defenders obviously go to Illinois you go to new Arianna. But not a state but yet Hillary they don't say territory but you know you you talk about some these municipalities we've got one right in New England Hartford you know it's kind of going through this issue right now and they eventually get to the point where they can't pay their bills and. And that's when you see the hard decisions and that's what I think you'll see in a lot of states the you know they wait until. It's you know really bad before the AD there's always a temptation because kicking the can down the wrote break in and towns do it states do it cities to. The worst part about it is that if you actually do the right thing. And that would like every everyone says okay fine we've we had to do like you can New York that's painful what New York did from the 1980s through early 2000 XP remember they didn't do that to the went bankrupt. They didn't but late they finally got everything together people said I guess we we had to do I guarantee that they didn't do it until you know he gets on you know the you know what the other hand the I am going back to our poll question which is Dijjer kids move home. After they graduated from college and I think we're well you told the numbers are posts that. The average outstanding balance for student loans. Today is 34144. Dollars that's up 62%. Shock over the last ten years big number two big number and what we're getting on our poll question of the day right now on financial exchange show dot com to your kids move back home after graduation. 63% saying yes they did I saw a kid he worked as an intern here and he graduated college. And he moved it was all part of his plan. He had borrowed about 45000 dollars to go to college yup and he moved home and I think he stayed home for eighteen months in basically every penny he made. He used to apply pale that student on student lol yeah. And instead of paying a thousand dollars a month in rent instead of having you know car payment in this and that and you know it's no fun for the parents. And it's no fun for the kids there at least not much fun as Lebanon's former an apartment probably but. It was the right thing to do and and I respect that after eighteen months he was debt for on it it's a case what do you take a little bit more pain over eighteen months or do you spread it out over ten years and I think there's a lot to be set for hey let's put. Rip the band aid off again taking care instead of prolonged assets if your parents to live in the neighborhood and can provide you that safety nets through a lot of parents move just to get away from that situation room and on and I don't know we're not doing that they sell the five bedroom house and buy one bedroom apartment. Now that's your dream right that's that's that's my. Roseanne let's talk about Rosie and we PD just crushed it in terms of ratings last week on ABC this is a sitcom from the 1990s they re booted it. Just did very well. And now it seems as if ABC wants that. Order a second season perusing it already did ABC coming out and announcing they are going to have a second season of this really the eleventh season of in starting in the fall and pretty much ABC needed something to fill time slot they city we get good reception on this. The road in their let's keep this party go right. And now it's time for me at my movie for the week Toyota that's right it's Monday. So which C last week he knows that. I can only imagine a timeout I was very good you know a good story is a good story now. I have five to choose from notre ready player won the Justin spiel work. Pacific rim uprising Boca. Paul apostle of Christ mocha. Midnight sun. And the greatest showman. I pros go ready player one. Now guys seems like a pretty intuitive art creative idea. I'm. In terms of Steven Spielberg and it's a while since he's done afflict differently 80% with rotten tomatoes. Average player one yup yet that Ando and what I do is I use the audience scores not the rotten tomatoes score them I use I wanna know with the you know people who went to see it. Torre. Pacific rim rock uprising only 53%. Score at the sequel that are the first when was great the second 19 effort not good things about Paul apostle crisis in 89% score. On in get this it's 41% rotten tomatoes 89% with the audience. Midnight sun 49% rotten tomatoes in the greatest showman. Is 88%. Was wrong to me ignites on it and when is that. It's about darkness. At any rate I'm gonna boil it down to I don't know two movies and I've the alt you know I don't dues. All I'll go with with the audience suggests aka sit text me. My text number 63566. Yet but my first name and their scary and I wanted to know whether I should go see Paul apostle of Christ. War of the greatest show. Midnight sun by the way is a 28 million American romantic drama film directed by Scott spears starting bella Thorne Patrick Schwarzenegger who was Arnold's son from robbery goal and it follows a teenage girl with the disease zero Dermot pigment told some one which prevents her from going on the site. It it's of the romantic tear Judah Mary they didn't make it an amendment so 49% with Rodman yeah it's in 16% among critics so it if they're there that's not consider the two that I will take input on. Would be Paul apostle of Christ. In the gritty shall in my text number is 63 while at 61 already player won because it's only gotten 8% score. Yup it is the highest on have all the movie Jews was Otis Anderson is I don't know Paul's possible crisis in 89% and I guess I thought that score idol audience were not brought to news front tomatoes is rumored to be some corrupt. I'm gonna guess exactly how many nights and goes to the girl can't go out and sunlight and my guess is finally DNC decides to go out and sunlight even though it kills or because she asked to be with their wall of water. And I don't think I guarantee you that's exactly what happens. Because love conquers all. They don't forget we are giving away no weed the US United States Virgin Islands is giving away a forty page report. As to. How you can reduce your tax liability your corporate and personal tax liability. By 90% of you relocate your successful business the United States Virgin Islands remember this three islands saint John's saint Thomas inquiry. You can reduce your corporate and personal tax liability by 90%. They have a forty page report that they will mail you for free. All you have to do is call them at this number. 855. 622. 3634. Stall for 8556223634. That's the toll free number. Are we getting any Texan is two movie issue ghosting. Look manages to Kirk did you check your theater by the receive all these because the great showman style for awhile and the united way I'm gonna Framingham apparently checked and that's applying yet again these are the five BB CI have to go in the 6 o'clock hour. Terms of the five that I candidacy. Running at that time yeah I've read right now you're 978 says great show managed great. Then three others are saying just Paul. Do apostle price but there's no like recommendations on one side it would whenever they tell me to see him in the city Marca so you've got Edley. The year your job is to tell me what you won't see it. I'm telling you see require one male not in and on to see why. Because it it does not Steven Spielberg is what would turn Ryan Sullivan Brian solvents is told me it was just kind of mediocre play so. OK it's one dude. But all of the other people tell you might not be bad luck there's always next week he didn't make the cut in the tube may the most money at the body art as soon that made the cut completely do you guys not and to me the most money it's Paul apostle of Christ of the greatest all the money. Follow the mind of the two not I didn't say a minutes think about what C ray player won a cut that the bigger question. Going to be in two weeks when the top two new movies coming out are Rampage in super troopers to win which does bear against this super troopers to maintain them. ABC that's what about not ranked Ilia yeah phenomenal. At yesterday's super troopers on Hala. It's always it was a class yeah that Lincoln a death. Four double feature. 40%. Of mass port workers earned 100000. Dollars or more laughter. I did a little research on the skill that you I was curious when I was looking in US and hope that that sounds high but I wanna make sure it is moved for I actually. Dig up some data here so the average pay of a mass support worker in 2017 was about 93000 well it's a good. It's very good in fact in the state of Massachusetts. The average pay of a worker was about 56000 dollars suits it's nearly double what the average worker made but then I said. You know what. What he's Massport workers there in and around the Boston there is that many of them out in Springfield apartment even now in Amherst so let's just look at the Boston area. In in the Boston area the average pay of a worker in that area. With 71000 dollars so you've been in the area that they're working they are typically about 30% higher than the prevailing wages in. We have to define what you know it those jobs mechanic jobs what like what kind of jobs are. Well it but we don't know weeks. We have looked at the CI posts and I don't know what do you know what do baggage handlers should work mate but I look at the CFO salary not limited. No underpaid now underpaid if you are the CFO. In the private sector of a company that size you'd be making at least up. Correct would give me a little pause is the number that about two thirds of all employees who qualified for overtime pay. In that overtime pay was about 161000 dollars per import now. It's tough to find that the private sector these states and you know so and again that that over time amount is pretty much the over that we're talking about here so. It's you know you'll get in it's not a case where I think that Massport workers necessarily 30% overpaid because I don't think that's the case I think some warmer specialized jobs. You know for talk about an air traffic controller someone like that. To specialized job it's almost as if we don't have enough information to I think that's the big the big issue is we just don't know enough about the specifics of the one job by understood today and Austin CEO jobs like the CEO is not over paid 300 grand CFOs not overpaid for doing the director of aviation a guy who runs Logan Airport makes 300000 dollars a year I think that's a pretty fair salary for making sure everything goes smoothly there. But it's it's just you know you don't know that the parking attendants at Logan you don't know with their making forty doubt well mighty house and that's. The rub is. It is there are stories that come out. And you'll find somebody. Is making you know especially in light of the state trooper scandal Marie there's a lot of stories of the coming out where. Guys are working fictitious overtime and things like that so. Will love will wait and see it coming up will be joined by Benjamin Joseph. From Morningstar talking about a mutual fund and please remember I'm thinking about going to see. One of two movies or halt apostle of Christ. That's at 645. And the greatest showman and 650 doing musicals. A book I told you guys as you like musicals you like music now are so vastly rated Roman then it's really getting aired. Eight feet. 63566. Is by tech's number I told my wife we would go with the audience recommendations Deborah you get into movies. Well that's not every week they get that history I went last week somebody Tobin Agassi I can only imagine island side because the audience and I liked. So I'd like usually Sherlock Nolan Smith. The new no doubt in my life plus this I think I agree with her that's where you should be proud granddaughters I wanna take migrant anyway. Mutual fund talk is up next on the financial expect. So I have a question for Berrian job. Now you can text us at 63566. And take part in the show at any time you start your text through keyword and join our exclusive club. Days as the financial exchange radio network. Hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanted to talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this month avenue guide out that talks specifically about how to plan for the future if you're managing your -- portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Juries are for two securities America incorporated members in SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. 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 see rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology to Obama called as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. I've folks it's very Armstrong in am joined today by estate planning attorney Todd lots ski with your legal exchange quick tip of the day. We're talking today about the differences between revoke Kubel and durable global trust. Todd what is the biggest difference between revolt global and irrevocable trusts probably the most commonly asked question never. Probably is and first all I'm gonna tell you that there's many different kinds of irrevocable trust its not like just one kind call and so that's what makes it hard to Germany would be at least try to. Bring it back down to what I think are asking me generally. Irrevocable trust their talking about are these Medicaid income only tourists know the ones are we try to protect assets from the nursing home. So if I was to compared that kind of an irrevocable trust with a revoke of trust in. The really biggest differences. The irrevocable trust what protector asses from the arsenal the re vocal trust never will so why would somebody use a revolt global trusts. Over and durable trucks there are times where people have either enough long term care insurance or what did well or lots of wealth and end their self insured because they can pay their own way through the nursing home somehow and felonies you have to have it if you like we define rich force I don't ask. I 1000005 nines with the estate tax laws as high as they've the exemptions have gone as high as they are I'd say you know 34 million dollars or less you're probably still going to be considering an irrevocable trust if you're over 860. The state planning expert at Cushing and Dolan have written a brand new guide that will answer the most common questions you have regarding revolt Kubel and irrevocable trusts the phone number to receive the guide is 866. 8485699. Its toll free 866848. 5699. You can also download the guide at legal exchange showed dot com or call toll free 8668485699. The financial exchanges all over New England to go to financial exchange showed don't come and search for the station closest to you this is the financial exchange radio network. I. This segment of the financial exchanges brought to you by leader bank if you want to diversify your portfolio precious metals are Smart investment in gold and silver bullying points. Now available all leader bank locations or call 877691. 7900. Or log on to leader bank dot com for more information member FDIC. Benjamin Joseph for Morningstar joins us now for a mutual fund to discuss here on mutual fund Monday and Benjamin thanks for coming on. Thanks army Benjamin what's on the we're talking about. Two they would have about black or strategy can come on portions. And what makes loans you. Source it to read recent focus and ready discipline. And time tested process that makes it reduced timeouts among peers into its culmination of top down macro treason and then ultimate particularly his addiction. And investing a quote to. Brought extra income items spectrometer sectors but also securities if he does an absolute return operative and then it's Syrian constrained signature. That is very very meticulous frame into my book for the construction and and focus on diverse stations over. It's a very trying process that is an important people search. So it is it's a bond fund here how aggressive visit as far as bond funds go is this going to be something that's very stable and a downturn does take a little bit more risk. Can focus his read on diversification and risk management could see concludes with a winning massed you had some risks he even if it means sacrificing return and so. But that's a commitment introduced on especially in this category. That in a category of a tree picker. So I'm what is interesting is that home I don't know benchmarking best cross every album different I categories like. Traditional bond sector or government own agency and agency mortgages investment grade municipal it's very light in diversified. And and the phone has historically performed well in various rate environments using the connection between duration for instance. So that's one of benefits from both surprising and floating rates. And that's something that many phone India and constraint category up not being able to do. I know you mentioned that this is a total return focused fund what does it generated as far as income goes. To keep you channel that that's when we can look at the performance vs a category but as a not so good return McConnell sort of get gap sort of performance I would. Probably highlight and can point compared to. Amateur of this phone is to refocus may intend to put it GT Gretchen you know which means the performance. But that's it kids listed as measured by additional pressure. I think it really impressive over the 43 on site years so on the on the long term it's just and that's gonna perform well and that has generate. Over the manager of turner three point 7% and you're right. For goodwill Benjamin thank you for joining us and we'll talk to you soon. I. Benjamin Joseph for Morningstar talking about the black rock strategic income opportunities fund ticker on that if you wanna look it up on your own. Is being asked I acts go to fund to under daylight today that type mutual fund working at a stocks are selling off and you were down. Very we're down over 1%. So because this is a little bit of an untraditional bond fund it's not gonna necessarily do great on a day like today it might see a little bit of a negative impact. So it's it's not the kind of fun that you buy for pure stability again they're trying to generate total return sewage going to have. Little bit more up and down movement. As the market moves now. So. It'll be instincts. They we thank you for all of your suggestions as to what I should go and see. I lifted my wife and I are gonna either goes seat Paul the apostle of Christ tonight. Or the greatest showman 617 saying great showman his terrific. 603 saying go see the apostles. It it's pretty close by a view from my what I can see here Tucker the voting is pretty tight right into like 5050 effort yes. Ish but yours say you don't like musicals so yeah. But hey I gotta go with that I I will go with whatever our says you know I I didn't think I would like I can only imagine and I ended up in doing so. I did I just do it until. Hey don't forget to go to our website financial exchange showed dot com or you wanna tell me what movie to go see. Text me 63566. It's not too late to get a great grade and home 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 a pastor closing call lead 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval. Leader bank a step ahead if you're doing yourself investor the arms during advisory group offers very specific options to help you with your overall planning process succession planning sometimes overlooked and arranging your own money call now for our new guide at the talks specifically about how to plan for the future of your DIY investor the numbers 803934001. That's 803934001. Or downloaded through our web site Armstrong advisory dot com securities are produced series American corporate members in Ressa PC advisory services offered through securities America advisors incorporated Barry Armstrong represented Armstrong advisory group the securities America companies are unaffiliated. -- -- and asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is very Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are -- vocal -- and irrevocable trusts there are major differences between the two so before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family Cushing and Dolan has a free -- out this month on the differences between -- double double and irrevocable trust and you can get it by calling 8668485699. This guide even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this free night at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. 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 see rent dot net without the need to collect checks mostly in the or use local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691781640. And if you are he'd do it yourself investor Mike let's start first with the case where maybe one spouse handles all the finances. And that's spouse gets sick in retirement and your spouse might not know what to do every we see. It very frequently you know one person it's usually the case in fact that one person is handling most of the finances. It's not always. The husband is always the wife here it varies a lot and the problem you have is that other person is usually not comfortable handling. This entire retirement plan they put together together. And again today need to have a back up. In a lot of cases they may they might not have any idea about some of the terms that are being thrown at them they may not know some of the requirements from year to year. There can be all kinds of things that they don't necessarily understand. And it's all happening during an emotional time as well. Right and don't mean to him make it seem like super easy while you're still working but at that point you know the primary goal is saving once you're you know in retirement perhaps over the age of seventy have a lot more things to worry about from a tax perspective required minimum distributions capital gains. All of these different factors that really come into how you invest as a retiree. Folks the good news or strong advisory group has put together a free guide to these very issues it's titled. The importance of having a backup plan for do it yourself investors and eking get it for free by calling 800. 393. 4001. You can also get it online for free at Armstrong advisory group dot com. And once again that number to call is 803934001. For your free guide the importance of having a backup plan for do it yourself investors. It's 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. 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 give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead. Perry or chart here with a message for all business owners that are listening to me right now how do like to save up to 90%. On your corporate taxes. If so then consider relocating your business to the US Virgin Islands they've got an incredible tax incentive program that numerous businesses have already taken advantage listen to Wayne Bakes executive director of the EDA. Anybody that's involved in the financial markets would it be hedge fund managing managing consulting in the they've done very well Shimmy wealth and entities that are designated services we have civil 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 VI. EDA. Dot org. Time for bank the pays you with liter maximum reward accounts can 1% cash back with debit purchases and an extra 10% back when you use your card and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass prison until late fees may reduce earnings rate subject to change without notice member FTSE leader bank. A step ahead hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manage -- owned investment portfolios today I wanted to talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this month they have a new guy doubt that talks specifically about how to plan for the future if you're managing your own portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Juries are for to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated. And me. I. This is the financial exchange with Barry Armstrong and shut sun out. You're exclusive look at business and financial news affecting your day you're sick leave your world stay informed and up to. About economic and market trends plus breaking business news every day. The initial exchange we have Barry Armstrong and sharks. The first quarter of 28 teen news in the record books and it wasn't pretty. The Dow was down about two and a half percent in Q1 of eighteen. Worst quarter we've had in a couple years and first day of trading of the second quarters today. And chuck this is not pretty either I mean yes and he's down one point 7%. Yes it's no good the S&P is down today the biggest hit is being felt by. The NASDAQ which is off about two and two and a quarter percent now. Led downward by Amazon due to the president tweeting about them more I think the third or fourth week day in a row now we. And then you also have Tesla in an absolute freefall at this point. Tesla shares right now were off about 8% down to 45 this was a stock. That less than six months ago in rather less than twelve months ago rather was trading at 389. Dollars a share this in about 40% of their value. Wiped off the ball. We'll explain why. Later in the show. Poll question today has to do with the boomerang generation. Millennial between the ages of 25 and 35. Are much more likely. To be living in their parents home in previous generations about 15% of them. One of the primary reasons is the average. Outstanding student loan debt is 34000. Today chuck verses when it was ten years ago 62% more today. Then it was ten years ago so I think millennial saddled with debt are saying hey I'm gonna move home for a year two years three years. In an effort to clean up my balance sheet our poll question is on that very topic. And Curtis did your kids move back home after graduating from college. Heidi participate in our poll go to our website financial exchange showed dot com some of you have chimed in. On our text line which is 63566. 63% of our audience had their kids move home for a period of time after graduation that would be. The fiscally responsible thing to do is if you if if even if you're not saddled with student loan. You know used six months a year save some money. So that when you venture out into the world you've got a little bit of pocket change. Tucked away. And a little bit a pocket change and I finally got out I didn't even have a balance she knows that's that would that was my situation no balance no teeth no bounds and no feet. Ready player one overcomes challenges to dominate the box offs as a Steven Spielberg. Yet Steven Spielberg. Movie that is based on. The novel by Ernest Klein that was released back in SP 2011. And so it's it it it's a fairly unique work where. Pretty much it follows a character who goes into this computer world. And tennis navigate some of the things that he finds inside that virtual reality environment and what it's it did you guys wonder wise not in my list that took him so it's. No more of the box office again it's it's a bitter quality. I think source material and what a lot of people give it credit when. But it did better at the box office the people were expecting about 53 million domestically compared expectations in the high thirties. And so this one's gonna end up actually making I think some pretty good money when it's all said and done. After the of them spending about a 150 million dollars to make this is being distributed by Warner Bros. They've already made about a 181 million worldwide still looks like he did better internationally in the with with a movie like this that's kind of wish I expect China's where the American government dampened you're starting to see a lot of movies designed for overseas markets now Spielberg 71 years old yeah. How much longer does he. Hang around me. You know he's been the guy he's like god in you know it's it is it's interesting I mean. With the wave that he's kind of run his career used to be you go back to the ninety's pain too late eighties early ninety's even in the early two thousands of and he was doing either through Reno producing or directing. Somewhere in the ballpark of you know three to four movies a year and he pretty much directs may be one to two movies a year now. There's a ton on the production side in terms of financing in in bringing movies to theaters but he really only directs 12 movies a year now so he's slowed down. My guess is probably wrap up in the next five. Years yourself interest and it's ready player one yeah I'd what was the reviews on that was rotten tomatoes news 75%. 80% of fans like that. So what do they issues with facing Hollywood is that all the money seems to go to like one or two movies. It does I think this is somewhat of a red Herring statistics. What they found is that in the last three years. The top ten movies have raked in between 32 and 35% of the total box office revenue. In those three years in previously the top ten films never exceeded 30% of the total box office for any year. And at the reason I think this just a freak here. No the reason I think it's somewhat of a red Herring is that there's been a transition in terms of where consumers are spending their entertainment dollars in net. Previously people weren't spending money on a Netflix and we're spending money on who and so. There's a lot more money that's being spent in those areas and when you factor in the content that's coming out there. I think it's something that's used his back to where was previously. It's just that looked traditional box office is becoming more concentrated. But it's because you have this vast array of options that you didn't previously and so I think there's actually more content now. And in more ways to see it and that's why you're seeing this year so it's it's definitely a concern if you wore a feeder or you know an actual film distributor. But as far as the way you know the good the content it's actually being consumed by Americans I think it's just a lot more people are spending time at home supposed to go now to move some beginner. I'm go to to the movies I'm going tonight as a matter fact and I have two choices. What we're gonna see Paul the apostle of Christ. And the greatest showman and last week you all told me that I should go CA can only imagine and we saw we won't do it. So those are the two that we are. Choosing for Paul the apostle of Christ and the greatest showman. My wife and I go to the movies every Monday night and then we'll tell you what we thought of the movie on Tuesday morning if you want to if you wanna let us know. The way you can indicate to us what movies think we should seize to text this our text number is 63566. In November chuck we told our listeners we actually held an event. To explain to our listeners why we thought stocks. Were overpriced. And we made a compelling argument. Yet the market continued to rally in December and well ended January. Are stocks still ridiculously expensive as. We sit here today on April 2 depends on the metric that you look at the most metrics now show that stocks are simply expensive and rather then. Overly expensive so it's you know it's it's it it is distinction there and that. You know you have seen prices come down while earnings have moved up so gives you a little bit tighter window there. As far as the difference between near kind of work earnings are and where the prices are at this point. If you still look at some metrics like if you look at you know the short tape index or something like that. That's still shows that you still have a very highly priced market at this point but. Part of it is that that doesn't necessarily just for where interest rates are so when you do that adjustment we have some of those things built around so I think you can make a case that stocks. Broadly speaking are still expensive but not necessarily. In the dangers on the we saw them in previously. They've got a pretty good old. And year out. Your we packed the Dow's down down 300 points. Yes and he's down almost 2% just today nasdaq's off to a half right now I mean. The the S&P that's that's the preferred index that I Tyndall now like you know the S&P hit around 2875. It's now down to 2594. So then you are PO effectively about. You you're in correction territory on the S&P here how do you know like for the guy who sit non cash had you know when to deploy you don't. That there is an if if if you're sitting on cash to say gee I'd like to get this into the market at some point the best we can do it unless you know something that I don't and look maybe you do. The best way to do is you dollar cost averaging you say look I wanna get in over the next six months to twelve months in divide in the equal chunks and just go but I don't think about it. If you say today's the day that's the bottom of the market and you throw all your cash and you're betting with a 100% certainty that today is not right and it's just it's tough to do that so. I always say look think about you know how certain you are something in the discount that by at least 50% because there's always something else that comes up in the market that you can anticipate is that there's a million variables a million things you can't think of and Newt is just because is doing it's not say don't invest but just do gradually. Bark yes ever hear bark it's a dog treat delivery service I haven't. I used to get this through Amazon when had a dog. I subscribed. Through Amazon to doggy treats and did it at a same doggy treats good you'd need treats Jennifer training in things you don't. Bork is a treat delivery business. But they switch it up they they give you the peace and view a new package of treats. Every month sprint excellent of the it's like blue apron. Almost it doggy treats its pretty much blue apron for dogs and it's expensive. Yeah I think. Well it's that I I think I might might treat things as like five bucks and they've they started 21 dollars each actually when when my parents got their dog a few years ago we gave them one of these for three months and how would you like that they loved it but we didn't wanna give to them for longer is still near sixty bucks for three months. But we did this and then near kind of moved on from it today keep it to you know they don't. They didn't whether they they kept the stuff that we ship them know they they needed to be subscribing OK because they. This company had eyes. Unbelievable. Retention. When compared to blue apron 95% retention rate which is you. What do you attribute that to his players don't do are insane no bit blue apron wasn't their retention like 20% pet owners are insane. They people spend money on the pad which we the people treat their pets better than they treat their kids well. And misery you know I needed that as a reason. My my mother has his pets don't rack crack up the car in you know my mother has a you know teacup Yorkshire Terrier and is that. It's a dog is the rat it pretty much it is or it's like eighty pounds of the Biden this should be a minimum weight class for adults capacity of fifty those caddie called dog is very nice companion they aren't a very very very loyal but she spends so much thought he slid. These outfits and everything like Natalie almighty did you use in the bark thing she iShares. And yet now you know how much US selling us on pet called a each year only two billion dollars. It's we spent a billion dollar while putting raincoats and booties and hats. Nevermind toys but. You know it's it's just it's it's unbelievable how much in it and then like. I've seen if you go and look at some of the stuff in New York is this is how in scenic gets when you go late all the way off the deep end. They have like had a cures for dogs they have looked like police in these people and industry people or to painting their pet's toenails in New York. I'm not kidding this week. I've I wanna know something and yeah you you are and I tell you something you're gonna see. In cities across the country what's in large part toenails large apartment buildings where you see you know 800 unit. Building to 400 unit buildings yeah. You're going to see. Pet daycare facilities especially if their pet friendly buildings. At the base of that bill. I believe that that's that's going to be things go let it be dog rumor. Of the doggie daycare there dot GM dot Jim. You know him do it whatever you need related to and you'll be of legal advice. Totally believe yes scruffy put up 65 pounds on the Fed's last night he's doing great. Skipped yet deployed today. Hey are you looking for a job why don't I ask the Springfield casino is hiring. Higher eventually 3000 people talk about that story next on the financial exchange. The financial exchanges line on FaceBook and YouTube watch Berrian jog do just the issues of the day and see which one smiles the most. Financial exchange radio network. -- state and asset protection planning can be overwhelming and that's why you need to call Todd -- he's a partner with the law firm of Cushing handle hi this is very Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are -- vocal bowl and irrevocable trusts there are major differences between the two some before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family -- -- Dolan has a free -- out this month on the differences between revoke the ball and irrevocable trust and you can get it by calling 8668485699. This -- even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this free night at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. 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. Is so they'd consider relocating your business to the US Virgin Islands they've got an incredible tax incentive program that numerous businesses have already taken advantage listened to Wayne Bakes executive director of the ETA. Anybody that's involved in the financial markets would it be hedge fund managing managing consulting in the they've done very well it should mean world and entities that are designated services we have several calls senators and I'll we have several sensors at the 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. EDA dot org. 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 use local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanna talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this month they have a new guy doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Terry suffered a securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated. We wanna hear through due to a Steward Barry's 263566. And let us know what you think about the stories we discuss your due to the financial exchange radio network. It is time for trivia every day here on the financial explain exchange we played. Trivia the way you participated. In Texas are tech's number is 63566. I think we've only had this new text number one couple weeks three weeks ash. It. But people in the club and a lot of people in the club now well at any rate chuck what's our trivia question to. Yeah order attribute based on bitcoin today since that point had the worst first quarter ever losing a 114 billion dollars in value. And so the question is what is the name of big points suppose it. Founder and if you are the first person to what text us. At 63566. With the correct answer you get a fifty dollar gift card that obvious with five locations in the Boston area. Including the newest location in Braintree the South Shore plaza. W is open daily for lunch and dinner and on Sundays for brunch for talk percent of talker loves brunch and yeah W Oates is the perfect place to host next special event. To visit the obvious today in Boston. Foxboro Winfield Chestnut Hill. Or the newest location in Braintree visit W dot com from annual information special events reservations once again that question. What is the name of bitcoin suppose in founder and Texas at 6356. Points oldest. Since. Now on to play mail I try to play last week and I get disqualifying kicked off the show yes. Springfield. Massachusetts. Is a city. That has lagged. The economic recovery since 2008 net demonstration of that is the unemployment rate in Springfield news what about six point 6%. In median wages there are much lower than in the rest of the state that. They're hiring MGM's hiring 3000 workers in Springfield. Yeah they've already hired about a hundred employees my guess is probably starting from the management down so they know what to look for him but they are set to announce openings for about a thousand of those 3000 jobs primarily. In food and beverage service are continuing to build this staff out. They expect about 80% of the staff will be full time and the company with good benefits by the way with benefits the companies can be providing training. And they are committed to filling more than a third of the jobs with Springfield residents and natives and so they're going to be you know really looking to keep people. From the local communities employed as well. The median annual household income in Springfield right now is about 36000. But they are saying that they are deep gearing up for jobs were the average annual salary. Will be forty thousands a little bit higher than what is currently present in. In the city I'll be curious to look at Springfield. Ten years from now. Because it it was an economically depressed city. When the casino was announced right now you've got a lot of construction jobs there when those construction jobs move out you're gonna have casino jobs move it up. What does this city look like as we know what happened to Atlantic City right Atlantic City. Turned into hell. And be illegal what happened to the area around Mohegan Sun and foxwoods that entire area became economically depressed. As it as a result of the casino what do you think will happen to spring you think they get worse like ten years from now I think can be worse off or better off from where they start. Think they probably better off because you also have course that's moving like seven or 800 jobs up that was amassed you ask mutual. So I think there's a little bit of momentum toward hearings fielder right now it seems like. And I think it's good just to counterbalance the stayed a little bit and really counterbalanced New England someone you know we got tens get little weighted towards the Boston I think sometimes it. Is there any evidence that. Eighty casino improves your economy long term note you are there any cities and at least in the United States I can't think. Because it eats it seems like you go to casinos in the cost a lot of social power problems. There like I'm curious to see what happens are on the when I'm playing bill. Yet the one going in and Everett have got this one in net in Springfield and generally speaking all the studies average. Indicate that you're worse off ten years from now you're worse off than when you start. The emperor one's going to be the one that's really interesting to watch your peers historically if you look at where casinos go wind typically end up in low income areas but ever to break near Boston's great unity got a lot of high wage growth in that area do you think you're gonna get tourists in to the ever casino. What exactly what what you mean by tourists like out of state out people yes out Nashua people. While there were tied for Iran talk about ardent of that coming in in and day you know their travel there visiting here from China. I think you're good at casino I don't know if you get their guys as senior from France and unity until you get that at that you get mean New Hampshire Vermont. I don't know if the every casino necessarily draws people the same way just because. It's it's one spot there it might be something that. Yeah when am I going to get the business traveler what what about the guy that's coming to Boston the couple let's go to Boston on convention right sure it there yes I think absolutely you do an. You might get the people who decide to stay one extra day when they came to town for Red Sox game and whale I think gonna get good entertainment. I don't see why it wouldn't now I mean again wind typically puts on a pretty high a high end. Product I think Egan and it was a pretty good stuff there it's just I don't know if it's going to be a destination. For if you're flying in and I think anything regional I think is gonna go that way. But I just don't know if it gets do you think it hurts. Mohegan Sun and foxwoods. Yes yes big time and a Springfield does that hurt those casinos yes because look I used to go to foxwoods every weekend when I graduated from college. If ever were there at the time not the town but the casino yeah. I don't wanna drive two hours news just the news the only game in town Lehman tells him what fuel oil or blackjack if you watched her eyes at Mohegan Sun last fall. At least 50% of the plates at mass plates that we are 50% of the Carson deficits plates. Hey when we come back we're take a look at what happens to your car when it gets damaged by a pothole. That's next on the conflict. The financial exchanges of live 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 I'm 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 EPA. This is a program that's. Fully approved by congress has been in existence for about 45 years and I. We have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech's system where we use of federal foremost 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 to tweak our tax rates if Europe. 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 USD. IE DA dot org that's US. VI EDA dot pour. Whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment one ounce in 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank. A step that -- and asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is very Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are revoked global and irrevocable trusts there are major differences between the two so before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family -- -- Dolan has a free -- out this month on the differences between -- global and irrevocable trust and you can get it by calling 8668485699. This -- even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this free -- at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. I'm from bank the pays you with liter maximum reward accounts can 1% cash back with a debit purchases and an extra 10% back when you use your card and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass residents only these may reduce earnings rate subject to change without notice member FTSE. Leader bank a step ahead hi folks it's very Armstrong in am joined today by estate planning attorney Todd lots ski with your legal exchange quick tip of the day. We're talking today about the differences between revolt Kubel and durable global trust. Todd what is the biggest difference between. Revolt global and irrevocable trusts probably the most commonly asked question ever probably is that. And first all I'm gonna tell you that there's many different kinds of irrevocable trust its not like just one mine call and so that's what makes it hard to Germany won the at least try to. Bring it back down to what I think are asking me generally. Irrevocable trust their talking about are these Medicaid income only trusts now the ones are we try to protect assets from the nursing home. So if I was to compared that kind of and your vocal trust with a revoke of trust them. The really biggest differences the irrevocable trust what protector acids from the national. The Reebok of trust never will so why would somebody user revolt global trust. Over and you're vocal tracks there are times where people have either enough long term care insurance or plot may well or lots of wealth and end their self insured because they can pay their own way through the nursing home so how much money you have to have me you'd be like we define rich force I don't ask for 1000005 nines. What the estate tax laws as high as they've the exemptions have gone as high as they are I'd say you know 34 million dollars or less you're probably still going to be considering in your vocal trust if you're over 860. The estate planning expert at Cushing and Dolan have written a brand new guide. They'll answer the most common questions you have regarding revolt Kubel and irrevocable trusts. The phone number to receive the guide is 8668485699. It's ovary. 8668485699. You can also download the guide. At legal exchange showed dot com or call toll free 8668485699. We have part of the financial exchange in an instant. By texting us and 63566. Started to extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Break here on the financial exchange radio network. So our trivia question was who was the founder bitcoin serie. Yes and you can name associated with is set hosting not Comodo but no one's really sure that's a real person yet that's what I was gonna ask for cattle we really award this price is say we that would confirmation do we have that it's actually system should. Well there's actually been a few people who claim to be some toasty but it hasn't worked out when they've actually had to submit proof that they were so. The name though is approaching not Comodo in informed nor well had a ranch they're so and is taking home. 850 dollar gift card to dol BOs and obvious as five locations in the Boston area. Including the newest location in Braintree. Post your next special event it w.s visit the obvious dot com for menu information and reservations how does bitcoin respond when stocks sell off. No correlation no notes it is pretty much a market unto itself at this point it doesn't really correlated with. Anything to be honest. I'm not saying we have a pothole problem. But I was driving down 128. And I went into possible talker and then at the bottom of the possible to get out there was a million tonnes dry cleaners. 'cause like it. We have a pothole problem in New England it got bad this year just the constant freezing thawing freeze it doesn't matter where you are Connecticut is just as bad. As New Hampshire which is actually New Hampshire probably it for some reason why New Hampshire Rhode those dinners. Live free or die at their roads or was that. And to compile I do I acted today they're they're better roads anyway. If your car is damaged. Evidently the city of Boston will reimburse you for the damage that never heard such. In in certain cases apparently if there are. Cavernous potholes that the city is known about but not fixed. OK give them all home there are cases that it's a state law that they really want publicized it requires municipalities to reimburse people. Property damage caused by problems with their streets and drivers can recoup a percentage of their vehicles value up to 5000 dollars. What that does mean is that if you have a more expensive car you're obviously eligible for a bigger payout. There's a fifteen dollar filing fee then you have to file a claim within thirty days of sustaining damage. And if the instant occur on a state road. Repayments only possible if someone was injured not simply if there were damaged on. I'm in the maximum pay out on state road is 4000 dollars the average settlement is about 560. 56500. Total paper tire yes. So here and Axel Johnson and hey I'm I'm going to the movies tonight and last week you told me to go CI can only imagine. In my wife and I have two choices tonight we're going to either seat Paul apostle of Christ or the greatest showman. Our text number 63566. We will go to C whatever you recommend most highly and are you guys go to movies pretty regularly. Which one should my wife and Agassi pol apostle of Christ or the greatest showman you can text us at 63566. It's looking pretty close right now it's it's a toss up. So one more vote could skew the whole thing and and mean that we would see one movie or the other. For small and private colleges fewer students mean more worries here's a study that was done I think was out of Ohio truck. Indicating. That they're going to be 500. Colleges that close. In the coming years. I think that might be light. You have this shake out that's occurring primarily at the smaller schools. That really the only way that they could survive was to charge more in tuition. And frankly a lot of people are saying hey look that the tuition and I'm paying. Isn't worth the money now it's up and are not learning valuable things that I'm not learning 270000. Dollars worth the valuable things. And so I think that a lot of these small schools where do we say smaller some of these schools Boston Baptist college has 77 student. So it Providence college's of those listen to Providence College numbers. They had 4600 students twenty years ago now if 4034. PC. Is a darn good school and they charge I'd say sixty grant for tuition. In I look at what that high but yet it's it darn near an end and there the equivalent I look at. Providence College is being. Just as good as Boston College error war lords 45. 45. With which room and board it ends at around sixty pro life generally we live somewhere yeah but I'm just understand that actual tuitions 45. I was surprised are endless amount died and they've gone from 19100 kids that and thirteen underneath these schools are shrinking. Well some of them are kind of with like some of the makes sense like Boston architectural college is gone for 786 to 365. And it's because there's no job market architects and and you know so like some of the makes sense like that but other ones western New England yeah I mean you look at some of these here and and just the declines that you're seeing. Are you fairly shocking to beacon and some are really good schools. You got old put to good schools that are in here you know that that are just struggle I mean get Providence. Is a really good school and in there off the a 50% in the last twenty years. Stone hill off 10%. Smith College off you know to Adam 3% so you know you're seeing some declines here in the thing is it's gonna get a little bit worse over the next five years. Because as you start to go out into the 2020s. While people stopped having kids back in 2008 when financial crisis now. You've got these smaller classes that are gonna come in into play for you know five to seven years for all the millennial kids start finally knew the boy heals kids start going to school. Yes and you start having to mention. Of the is that as a generation every year is child birth rate continuing to decline they're expensive. Nobody else seriousness of the birth rates down to their expensive. A Jeep used to be having a kid was NASA put about the work on the farm in the field whatever now. Yet April this stuff. Credit card companies this is going to be nice you're going to be able to skip signing. Receipts for most of our purchases and two we can't wait. This is ridiculous at this point what takes a lot of time. As it's the biggest waste of time now know they work in that ever checks this culture and I. Put a smiley face how many times did you sign something for your dad your mom you know when he's ran into a store and number and like I percent of the time are they doing so what's the new chips. The chips generating the code for each transaction to be if someone steals your numbers they can't do anything with. Where's previously but they still the card can use it rate I've had my cards stolen at a hotel we have to call the bank you stop the cause I didn't notice. We'll let you know if somebody like you would you guys notice system hastily credit card ID while a check every day. I'd and I I know I'm paranoid about privacy like a check this stuff. Every day most of the style I know one man hired for credit cards in my wallet and it would take the week before the you know I don't know like listen if it I notice immediately is I keep mall in the same places I don't move anything roundly and on an erotic about it. Not good. Tesla makes a last ditch models three delivery push as pressures mount and Ilan mosque over the weekend what. I battle for me along well look eight I understand it's who he is in these kind of cocky guy. But you know he came out yesterday and he tweeted that test who's going bankrupt because they didn't sell enough he strikes. In their stock today is six point 2% I think if almost I'm not a stockholder but if I worry stockholder in the company. I would not be happy with my CEOs performance knowing you simply. You can't joke about that for the simple reason that. There's a chance that that actually happens at some point. And all of a sudden you're sitting there and who's gonna who's going to be the investors then. Who for your next venture lines up and says yeah that's the guy wanna back because he was joking about bankruptcy. Six months a year two years before company went out of business the only thing I can think is it was April 1. And they're gonna report auto sales I think around 25. This team may be note that they blew the doors off of their expectations. Because they're expected he had promised when he 500 cars a week by the end of march. Do you think maybe needed 3500 east you'll pull themselves. They got to do more than blow the doors off I mean there there's a whole bunches the lake the productions one thing. But I mean keep in mileage they've they've got you know the NTS recall the got a recall you get the NTSB saying what do we handled this accident wasn't exactly on the up and appear mean with a win at San Francisco via the NTSB Kaman said we weren't pleased that Tesla handled reporting this and so I just. You know again. I think you'll mosque. Is greeted building products and he has yet to build a profitable company. He's like. Until he does that I think the jury's out on whether or not he's a great business manages to great designer and inventor of products there's no doubt about his intellect is no doubt about his ability to do that and the question is always being in the can this company live with Al repeated cash infusions. And the jury's still out on. You know the news with what's interesting news. You know when electric cars came out four bucks a gallon he sure made a lot of sense you know four dollars a gallon for gas but two things have happened since that. Gas has come down in price and electricity has done on the price so now the whole theory behind electric car ought to save all this money. Not really work out that notes is more look if you don't wanna burn gasoline okay like you've got a case to be made there but. In a lot of cases. Pure electric vehicles to actually be more expensive than hybrids and operate and so. You know you see some of these hybrid vehicles and they're actually cheaper to operate in the testimony usually. And they don't cost as much as a pure electric vehicle either and they lost to maintain. Yep definitely hear it here they're not the same problems. Meet the market's really in the midst of the sell off folks the Dow is down 478. Points. And you know the here's what I would tell you before you panic. Now we're gonna get a jobs report on Friday. That probably pretty. And we're also going to do yet. Earnings reports starting later this month in a couple weeks we're going to be in the thick of earning seasons so somebody is hitting the panic button. In terms of stocks and they're selling off I mean. Dow was down 2% the recipes down 2.3 percent. Might be a little bit early to panic just. Will seek. Coming up will be joined by Tim Stevens from the CNET roadshow to do a review. Of the Toyota round four not the 20182019. Toyota devote the car we like dude looking car right that's our next topic on the financial exchange photos and or daily poll question had financial exchange showed dot com while you're there buyer of the media player and watch the show while you work. This is the financial exchange radio network. Hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanna talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this -- they have a new guy doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Juries are for two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online -- collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Tillman McCall does he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi this is 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%. On your federal income tax here's Wayne bigs executive director of the EDA. This is a program us. Fully approved by congress has been in existence for about 45 years that we have several companies that are doing that currently and we effectively reduce federal income tax because we do Ameritech's system where we use of federal forms with the money CC territory at a fogleman has allowed us to do that to increase economic development inventory to encourage economic development unit territory sort of allowed us that we cut tax rates if you're. Business owner looking for tax breaks talked to the folks at the US VI economic development authority and learn how you can put incredible capital back into your business log onto their website its USD. IE DA dot or best US. VI EDA dot or a state and asset protection planning can be. Overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is Barry Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trusts that are available but the two most common are revoked global and irrevocable trusts there are major differences between the two -- before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family -- in Dolan has a free guide out this month on the differences between revoke -- and irrevocable trust and you can get it by calling 8668485699. This -- even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this -- guy at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. Security suffered two securities America each member finreg SIPC an advisory services arbiters securities America advisors think Gary 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 when you can tell us what you think right now but texting us and 63566. You skewered Barry and join our exclusive club this is the financial exchange radio network. Three relocate your business to United States Virgin Islands and could reduce your taxes both personal and corporate by 90%. To learn more call and receive a free report the phone number is toll free 8556223634. Tim Stephens from CNET roadshow joins us now here to talk about the 2019. Toyota Ralph four expected to hit showrooms later this year. Tim thanks for coming on those. Tim would start from the outside in first thing I noticed when I saw this. Gonna look at vehicle. Yet looks really good especially if you're a fan of the new Tacoma where it's been doing some really aggressive styling and a lot of scar than to collectively kind of an in your face truck. In other bringing some that he'll be under the raft for making it look a little bit more chunky little bit more aggressive. And yet it looks really stupid yeah I like a lot of what's going on under the hood anything new from the current generation. There's a lot of change and actually in the new rap for a new power train sort of coming in including a two and a half liter four cylinder with an eight speed automatic transmission. And also a new hybrid system as well that sort of demand I had this car starting picture in 2019 haven't given us the fuel efficiency that just yet. They have had all the way across the board will be more power and more fuel efficiency and even better handling dynamics to. Thanks to a new torque factoring all wheel drive system of the car should be significantly better drive than before and much better fuel economy. And in terms of the overall functionality im guessing you know that's that's one of the key selling points for the wrap for today is look it's not too big but you can still store whole bunch of stuff and it witty yet kids dogs whatever. Is that still going to be the case. I could practicality is always been a big selling point for the rest for no continue going forward that the new platform that this car is built on. Mean that the car had so much longer wheelbase flew low over an inch longer but the car itself is actually a little bit smaller. That means you've got a much better racial inside for better cargo capacity and ultimately better packaging two or should be roomier car inside. Despite not should be bigger on the outside that should also mean a lose some weight to which again help on that though there's the. Now I was talking earlier this morning actually the rap for in the first introduced it in the late ninety's they were doing about 50000 of these a year. They ignore the 400000. In the US this is actually Toyota's best selling model now believes this a pretty important car for the correct. As police hugely important where it was one of the early adopters of that crossover SUV category that now we you know we see pretty much across the board of the biggest growth point for just about every manufacture in the globe. And sort of having been there early with a rap for not being the rewards yet you mentioned over 400000. And double digit growth to put this car the past couple years so that may even eclipse 500000. Which we have put up and get a record territory up in major major mission. When you projecting at the cost on this new model what's the bottom and that you would expect to pay and how hike in the price get if you're really loaded up. Look at artists they were probably looking in the loaded wanted to start and then be dude. Custom trimmed like the adventure will probably start in the high twenties at that point and he can certainly would option is everything else. I think mid thirties would issue a very very nice beat the rap for just about all the bills and. And what do we expect these to be coming out into showrooms notes 2019 model but usually those are towards the end of the previous year correct. Absolutely so good the gas version of this car the non hybrid we should he goes and goes probably in fall or toward the end of the year coarsely for the hybrid version organized to wait until sometime toward the beginning of 2019 before that it. Is there anything else that stands out about this card you too much that we haven't discussed yet. Well they're finally adding apple cart play they're brought that to the camera burst out coming to rep for as low grade but still going into her daughter which is a little bit frustrated. Very good looks and thank you for joining us and looking forward seen this in about six months or so up go one. Are under pressure Tim Stephens from CNET roach who took but the 2019. Toyota Ralph four hybrid model will. Yet they've got a hybrid right now I don't think it's gonna be geared quite the same way but. It's it's interesting that a lot more companies now we're starting use those hybrids to provide that will win pork as opposed to. You know did the way that they currently use them to. Supplement the you know to reduce. Fuel burn and so play it's it's helpful for emissions because like if you're on a stop sign. You got your engines not run and that's the he Indy you're coasting into a stoplight right you that might be what ten seconds twenty seconds you can be a stoplight for 45 seconds or yeah your gas engine is not running during that time yeah big. They said that that's part of the reason that there become part that's it one of the things that. Improve the air quality in New York City so much. Was a lot of those taxis are hybrids now we're princes right yeah his Prius hybrid you go to New York you'll see a million. Of those Prius yellow cabs but there prince's yup and and they're very good in terms that are missing a feature in non hybrid cars too by the way they shut off but trying to yeah I mean my my wife's Jeep. Brand new it shuts off a traffic lights as it now and ours back up when you take your foot off the break right right and he today's the big day for marijuana we these. It's this is the day you putting your applications to become a marijuana. Vendor in Massachusetts today it day at least it knew. I believe yeah that's going to be coming in not just about five minutes or so and so the that the priority is going to be. I'm trying to process businesses that qualify for expedited review so if you are already operating in medical marijuana facility and if you are a company. Is operating in an area that has you know high rates of arrest for drug crimes that's gonna be a priority community. And so those are going to be the areas that are targeted first but yeah this is opening up to you know again applications to start doing business Massachusetts all on line. And it. The sales begin July 1 rate that's when the first legal sales of recreational marijuana will begin in theory there's the what's going on now that the chatter is that because of the licensing process most. Candidates stores won't be open by July 1 is not even one it's likely going to be there might be one or two but it's likely going to be end of the year early next year before they finally open and ready to go. All but you know. They the market's really pulling back folks if you missed it I'll give you the numbers the Dow. Down 480. Points the S&P is down 59 points or 2.2 percent. And the NASDAQ down two point six or percent or a 186 points. It's very. Shot and Tucker signing off for today from the financial exchange.