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Full Show 4-23-18

Apr 23, 2018|

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This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day you're simply your world stay informed and up today about economic and market trends plus give breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Oil prices are rapidly approaching seventy dollars a barrel what does that. Impact or what is the impact on the economy with the impact on the American consumer will talk about it. And we've also got skyrocketing prices in lobster why are lobster prices so high in house that can affect us this summer. And then the third story that will cover this hour will be. Why health care costs are rising at how does that impact consumer behavior hi everybody it's very in check with you here on a Monday morning. And its story economy crept up all last week you know we are starting to digest these higher oil prices chart. Earth sixty bucks a barrel on Friday down today. Debt down a little bit today but the concern I still think that's out there is you know as the price of oil goes up does it into the ability for consumers. To spend and other places doesn't and up with producers raising cost hundreds they have to transport in and so you have all these potential impacts as the result of higher oil prices. And frankly it's it's it's an issue we have really had to deal with in the last three years now which it's been a little while since we've had to deal with this well you knew we were paying back in 20084. Dollars a gallon for gasoline and it was a tremendous drag on the economy yet. Because it's like a tax increases and it is I mean it's it it it's. It it's not a tax increase but it just feels like what if it's money that you're not able to spend somewhere else because your forced effectively and to spend it and you know getting to and from your job at the things like that. Acosta good to go up as a result and so you you do see some pretty negative impacts of the economy as a result of weight. Why the big difference between west Texas and do worldwide price for oil which is like 74 dollars late. I was looking at the global benchmark Brent crude. At 7406. A barrel and we're paying while this morning we're down to 67 wives are such a disparity between Brent and west Texas so equality. Historically if you look that's the the time period prior to the last couple years. The big reasons the US was not allowed the US government said look we're not don't export any crude oil panes so. You had these different ecosystems that developed effectively. Where US produced oil the west Texan in me that's and the standard. In the US. Would trade at one price and Brentwood trade at a different pricing of you know until we had to import that Brent you'd have somewhat of a core elation there but it was largely because you were importing print you were able. To export the west Texas intermediate. What you've seen in the last couple years is the US has allowed the export of oil and so you've seen in some parts a little bit more of convergence but you see divergences just because different countries but by from different places in. You know it it even though the oil market we view it as one market movement you know west Texan immediate and Brent. Are just two benchmarks there's a 5060 different types of oil that are out there that you can actually buy futures for. And so it's just there's different cost them there's different production in the differs mining that goes on. And so it's it's all based on those different pieces and in west Texan immediate and Brent are just too with the benchmarks that we use. As a general gage the oil industry not. So much that they're the only ones you can bomb a pay 274 down last night for gas did you Thai national average right now is a two to 76 according to triple A that's as of today. That is up seventeen cents in the last month it's up. 35 cents in the last year so north of 10% in the last year at this point it's up. Five cents just in the last week. You know naive you wonder what the impact of BC they built the positive sign that is. I've got to believe that you're gonna have more domestic energy being produced and more energy being produced at a candidate as well yeah the recount has got to be going up as a result of us. In effigy isn't going up in the on a week to week basis it'll certainly be going up. When you look at it quarter of course. Yeah in the US right now with forget about a thousand nudge north thousand rigs operating according to Baker Hughes that's a 156. From a year ago that number also more than double it only dropped down to like 50600. Gunned down under 500 about four years so was where we bond and oh say 27 yen so to see this number up at a thousand right now tells you there's a whole lot of additional production that is coming on line. Any connected to go back to the numbers that we got last week. North of ten point five million barrels a day being produced right now. Two years ago we're down current eight point two million barrels in the US so it's north of the 25%. Increase in two years so we've really decreased our imports as well not so much 'cause a lot of that extra oil that were producing recession we're exporting actually doesn't make sense to me and I guess it does. Where were producing it we can't get it where we need it it's it's not so much that you can't get it where you need to put also you might be able to get a better price internationally and you know you might have some crunch is there. And so it's easier to say local export Andy gives us the ability to sell a higher price than we could domestically. You know Tucker when I saw this next story about lobster prices I couldn't help but think about trucks desire. To have a lobster roll lobster prices. Absolutely. Off the chart yeah I give you some advice and folks I don't give up much financial advisor and but I don't go out for lobster for the next few weeks in the lobby there's a shortage this this is awful. This is this is awful yes so it's if if you're trying to buy hard sell option just just full lobsters he noted. They're calling for fifteen dollar home in some place and that's yeah last year that was about eight dollars. And this time a year like you get to the summer months we eat lobster usually what 67 bucks a pound in this ballpark so. If if you are a ship who's buying all the pre shock to meet so it's already been ought to that's expense. Forty dollars a pound that's up from about thirty pounds last year for all the via pre cut pre shocked and everything in which is what most of the restaurants by Acker. He walked into a really good restaurant him and they're buying they're frozen lobster and you would think buck chuck is it by November December and so you look at all the restaurants on the tape all those claims Jackson have lobster rolls and they bought that lobster back in December it's it's in a freezer somewhere in they'll have a delivered sometime in the summer when they need. Give me hundreds talked about the story it's like is that time years 65 degrees finally it's nice Anderson there's Angie would be nice to have them keep grilled do lobster roll so good to have you would it be fifty bucks for a few people it's a hundred bucks for obstacles. A hundred bucks for two lobster rolls what are we doing here. The prices come down right in the summer. This of it in theory they they they should bomb again it's it's unusual to see prices. This high. I would imagine prices will come down over the course somebody asked me this morning wire prices in line to it just think about what the weather is in March rose nor'easter effort of miserable. Well we got the fisherman couldn't get out. You know and not only could they knocked it out in Massachusetts they can get out in New Hampshire they couldn't get out in meat in the couldn't get out in Nova Scotia. The they just couldn't get out to see. One of the reasons why you may not see prices come down into the Summers much as they normally do is the increased demand from China. Job if you look at the amount of options that they're willing to pay. The amount of lobster the Chinese import in the last ten years has been staggering because ten years ago mean laughter pretty much wasn't sent to China and now all of us and you just it looks like one of those hockey stick charts we're just stay he stay in and ramps up. And the amount of law. Maybe they'll put it Tara Conner lobster. Probably boy. I don't know it that would be good now I think if they put a terror plot are ought to be good if you nine out of your lobster man for a lobster India. You know the big problem lobster as the each of the guys that are taxable lobster world. V Indy the young kids don't wanna get into that business know millennial lobster men out there really they're really not mean we we covered this the average age is about fifty years old. Network now I'm reading a great book right now by the way it's called the lobster coastal about the history of the Maine lobster industry its its fastening. Yes the lobster wars between mean and I'm not there yet no I just started this weekend so more about 3540 pages in but now. It's it's we metadata are ready we might be serving more chicken and claim. Boris chicken bowl for the big tech ridge I guess get a chicken salad sandwiches out of cedar written well now they say you know tuna is chicken of the sea this is lobster of bland chicken. As health care costs keep rising more people seem to be skipping physician visits. A US health care costs keep rising and hit more than 101000 dollars per year per person in 2016. Weeks. According to a recent national poll over the last twelve months. 44%. Of Americans said they did not go to the doctor when they were sick or injured because of financial concerns. That's more than I thought 40%. Said they skipped a recommended medical tests or treatment. This is really bad they why he. Would would any research for Thai news that. When it comes to medical issues early upfront the earlier you catch it right it perfect examples men right men tend to. Forestalled going to the doctor. And they get prostate issues and then they develop prosecute you know it costs. It. Have somebody died of prostate cancer is not a small amount of money it's astronomical. And that's that's just one example. Some 86% of those surveyed said their covered either through their employer have insurance that they purchased directly. Or through government programs so we're not talking about the uninsured not going to the doctor. Even people who were insured they just they don't wanna be paying their co pays they don't wanna be paying you know any fault cost or anything like that I wonder if it's that war. You know we'll tend to procrastinate rights and so you think to yourself. While not feeling well but are not gonna go get a blood test to Jack got to pay my 25 dollar co pay and I may have to pay something on top of that but it might go away. On itself but this is saying it's purely because of financial concerns though yeah is this the survey specifically looking did you skip a medical appointment but most of financial concerns not. Oh you know and it will will this just go away hey maybe you know need the you know the pain in my knee is just gonna go away on their own right this is people coming out and actually saying. 44% of people said no. I I skipped a doctor's visit because I was concerned about the financial cost of. Well that's our poll question today have you skipped a positions appointment for financial reasons. Heidi participate please go to our website its financial exchange showed dot com have you ever skipped a positions appointment. For financial reasons and I I voted chuck and I said yes because. You know the the thing news you I always kind of been on the mindset you go to the doctor if you feel really crappy. And a lot of times it goes away. And I don't wanna take time off work because it's you know when you wanna go to see the position what do they tie will come by and get a blood test Seattle twice. Getting ready to go once than maybe they refer you to someone else and get you see a specialist in the special says police get a second opinion also by the time Merrill said and done. It's gonna for different places over the span of a week. Ended in Michael land so bright so I think. That's an example of financially. You know missing. Appointments I've I've voted yes have did did you financial exchange showed up out of go to Texas a few of a comment on that topic. Please feel free to text us our text number here in the studio is 63566. If you've never participated before just put my first name in there. Berry before Texas when we come back and take a look at the box office reviews. Super troopers two is out. How's that rate will you know that in a lot more when we return to the financial exchange. Like us on FaceBook and follow us on Twitter that's TSE show. Breaking business news is always first right here on the financial exchange radio network. 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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 asked Hulu. 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 freak. Those participating banks are meter paintings don't messed me up at that any bank could sign up right now they keep you at a bank in Vermont after Connecticut. They could sign up and become part is the rent yup you your if you have a community bank that wants to be a member happened Collison will have and sign up and the Serbs who then be free free. All right if you wanna learn more about easy rent. Go to Z rent dot net and give my call if you wanted to 8776917900. If your bank doesn't operate they can sign up for zero it. 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. Barry is 63566. So your first and last name and get involved today you're listening to the financial exchange radio network. This segment of the financial exchanges brought fueled in part by w.'s northern Italian state cast doubt it says nine locations throughout the East Coast. With five locations in the Boston area including Braintree at the South Shore plaza. And is also opening up its first West Coast location. In Irvine California this summer at W as you can enjoy seasonal cocktails handmade pastas perfectly cooked Brandt beef steaks. As well as fresh seafood and salads expertly prepared. Using the finest ingredients a W is it's all about. The guest 58%. Of our listeners Tucker had skipped the positions appointment for financial reasons 58 point eight beast precise I'd expect that number to go up personal idea for an Iranian Teixeira financial exchange showed doc comp with a number though on the pole was less than what it was the number on our on the CNBC people. It was 44. 44%. It didn't go to the doctor does it when he took the answer so we're above. The national. It's not good now that's it's a bad ideas get position that appointment. All right so it's movie time it's drawn kaczynski's. Quiet place this is really turned out to be a terrific movie when you look at the it has a score a rotten tomatoes score Chaka 95%. In the audience rated 85% that pretty strong. But it's not a blockbuster by innings with a low budget film to actually his real life wife who plays in the move. Yeah that and this is a movie that was put together for just seventeen million dollars to 207 million worldwide at this point 132 million in the United States he he has a pieces that. A new director and generally like a director will get some percentage of it it'll vary. But this is pretty much the only thing that's gone right for Paramount thus far. The other movies that they've had this year have been Sherlock no homes which did 37 million domestically despite being a sixty million dollar budget. And something called in violation which cost forty million to make in only brought in 32 million so Paramount not really having the best years so far. Does best parts pretty much been truly do who made Rampage. Rampage was Warner Bros. leave Warner Bros. they right now sit as the number two studio. Domestically for the year largely on the back. Ready player one which is their highest grossing one thus far but Disney slash Bueno Vista is pretty much dominating. Pretty much because black panther did 700 million this. Okay and then I feel pretty that didn't look cute you didn't do well in what is that about its it's PG thirteen comedy with Amy Schumer rushers awful via ask me not interest and now not whatsoever you. 33% score with rotten tomatoes and then. The one you guys city here are pushing me to go watch is super troopers to. Only 35% score with right to me is that's that's a pretty bad movies that are number. It's. It's not the bad it's not the best I mean -- super troopers though that's definitely cult following Internet your eye surgery assault vehicle what's the what is the better score if you're going to use rotten tomatoes to gauge with the go to C movie gallon. Are you better off using their proprietary scoring system or you better off using the audience score because there's a great disparity. In this two scores that the assign chuck so like argue is super troopers to 35%. And to me is 70% the with the audience. My rule of thumb is generally unless the movie is above nine year below 20% I don't really pay attention to it. Just I don't want critics to kinda skew which way I view something. So I almost don't look at rotten tomatoes and a lot of cases just because I'd I don't want to be pre disposed it to thinking a certain way about a movie I'd say they'll make a lot of stuff in the middle it's like what's really the difference between 35 and 55. Blake not much I idly gates okay who knows so personal taste yeah I'd I discount on that pretty significantly is there have been. Awful movies that I've loved him in there have been great movies that walked out and like the Hecht and I just see like that's two hours I want back from life. Well I have four choices for tonight's movie night hands. I would like our audiences suggested and tell me which movie should go to C Rampage. That's the rock up the rock a quiet place is John Kaczynski and knew I don't feel pretty Amy Schumer. And super troopers to the site for I am really hoping nobody to justice I see I feel pretty just don't want to know why it would. I literally ice and her list you know lights on the list because it starts at 630. Yeah your big showtime out of the these super trooper what your window again five to 630 years and a 6 to 7 o'clock six months of trooper those are the four movies that all platform this week our text number is 63566. Tell me which movie I should go seat and with my wife. Interest from my people which movies saw last week Serena to duplicate tax Chappaquiddick aka and it I don't recommend that. I went and I did but it's embarrassing. I don't recommend liked it era it was great but don't go seek it and it's just the bears. No ice here but in actual fact it was eighty weary from infamous twos that he would like he you have to deny it where you're from. The people watching now. EU you guys need to get out more in travel. It in and talk to people say says the I've had seen a movie in ten years prior to those of you do my travel right meet other parts of the country. They'll use which parts. Arizona for example not ask era of tell there's plenty wrong with Arizona. Yeah what's with all those red rocks there have any tech donors. It and they Ted Kennedy's. For a while they really have anyone in Arizona so at any rate. I wanna know which movie Agassi. By text number 63566. Rampage quiet place I feel pretty or super troopers to we always vote. In between those go based on your vote in and my wife assigns a score. To the movie and I'll share that score with you tomorrow when we come back where it talked about. Female airline pies just how many are there. That's next on the financial state. Like this on FaceBook and followers on Twitter. Show breaking business news is always first right here on the financial exchange radio network. 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For more information that 78164186917816418691. Or zero rent dot net 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 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 Cushing and Dolan has a free -- out this month on the differences between three double double 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. Com if you're doing yourself investor that are happy with the status of your portfolio. Don't worry you don't have to change your investment strategy however you should be aware that the Armstrong advisory group -- very specific options to help you with your overall planning process having seven back up plan is sometimes overlooked when you're managing your own money this month the Armstrong advisory group has a new guide at the talk specifically about how to plan for the future of your DIY investor that comes with the do it yourself checklist designed to offer you additional guidance as your plane reaches its later years call right now to get this free guide and 803934001. That's 803934001803934001. Or you can download it right now from our website Armstrong advisory dot com that's Armstrong advisory dot com securities suffered through securities America incorporated member finreg SIPC and advisory services are there securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- -- -- -- it just makes sense -- -- bank a call and learn -- call 8776917900. Or -- 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 -- back a step ahead this is a special announcement for a landlords chasing -- only rent payments and making trips to the bank to deposit checks take a hassle -- -- -- -- with -- and leader banks all -- -- collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more -- -- rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months -- free throw landlords visit WWW -- he -- -- meant to learn more or call 7816418691. Time now for Wall 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. Michael Armstrong joins us now. Or Wall Street watching my good start off with the apparel company under armor up about 3% today year to date. In back some of the ground they lost last year what's going on with them. Yet it's been a very difficult for years for under arm this finished outbreak pretty much cut. What's going on today is Deutsche Bank has upgrade stock from sell to a hold. They're staying in particular the international growth that now a lot of competitors are seeing being in China so. Potentially good news for under armour as they release the and need to grow their business especially outside the US the US sales have been somewhat stagnant he urged. And what's going on with Alaska Air they obviously of grown significantly the last couple years what's up with them today. They have they've acquired other airlines that they reported profits. This morning. They've just quarterly profit fourteen cent per share which above estimates revenue matched forecasts are generally speaking good quarter for the stock's up about creating a percent a little over two about it. Good thank you Mike that is Mike Armstrong with Wall Street watched speaking of airlines. Not many women. Working as pilots to. No it's if it's not a place that you tend to see. A lot of women employed is as commercial airlines pilots in just six point 3% of commercial pilots actually are women. According to the institute for women of aviation worldwide. Works at about 6000 commercial female pilots also about 101000 noncommercial female pilots as well. But he's got elected numbers on nursing Ellis and remember we did it no questions about 25% men. But that was left no. The lot of women though there are student pilots. You don't gonna happen at twelve and half so it does suggest that you are seeing more women going. In choose that business at the moment. But it largely is not an area that you tend to see a lot of women necessarily pushing into I think part of it probably is it look it's always been. Since its inception 88 in in industry dominated by men I mean you look at how a lot of the first airlines hired. Lot of them were pilots coming out of World War II which are largely man so it's kind of been that way since the beginning. And so probably a little bit intimidating to break in if you wore a woman. The you at the pace pretty good. Median pay cook is great for American pilots is a 111 now. 1111000 that's pretty double the national average it's great now and it's eat typically if you're working for big airline when he work in nine days a month and is a month. In that ballpark if your big airline on you know normal sized plane 730 sevens and above and so forth if you're an experienced pilot you make and you know. North 18090000. A year now. That's not what it used to be a pilot wages actually come down especially if you adjusted for inflation phobia but you know. Pilot of international flight used to be make it 4500000. Yep part of it I think is also dispute that in the planes do fly themselves more today than they used to zone you know you don't necessarily employ the same level of skill on each flight do you think Gabriel robot Q where it's completely you know now now you know if with human target you think it's always going to be. But what about it and I can cargo plane like the UPS do you think echoes her body but it certainly could. You know it's no people deputy you can make a case that it could but. Yeah that the big problem with flying is when you have instrumentation malfunctions. You you need a pilot to be able to correct that if you go back to that Air France flight that crashed off the coast of Brazil and they got faulty readings on how fast they were gone and how high they work is there instrumentation broke down. In that kind of situation you need a human to be able to make that judgment. Hey I'm very archery and I'm sure you've heard me talk about easy rent before leader banks tremendous online recollection program. I'm excited to tell you now about their brand new product called Z deposit this is another. Free program which stream lines the opening of tenant security deposit accounts three totally digital experience. With Z deposit landlords can open an account online invent tenants invite tenants to enter their information in manage all their security deposits. Z deposit also automate many of the complaints headaches for land ports access. Generating account disclosure forms and it will even send out annual interest payments directly to the tenets. Just call disease deposit team to get started here's the phone number 7816418691. That's 781. 6418691. Or visit them online at Z deposit dot net member FDIC. Leader bank they're a step ahead. You know we talked about the changes to the tax law. In many individuals. Didn't benefit from the changes to the tax loss specially. If they lived in New England line get caps in terms of property taxes and even if you did that the knock in a fully appreciated until next year. I'll tell you who should be sending you thank you note to congress that would be big banks they are benefiting from these tax cuts. To a great proportions probably why the stock prices rallied so much in the last. Nine months yet the six biggest publicly traded US banks JPMorgan Chase Citigroup Wells Fargo Goldman Sachs Morgan Stanley and Bank of America. Combined saved about three point six billion dollars just last quarter and due to the changes in the tax code. And so obviously you pro rate here UP expand that out for the rest of the year and say geez these banks when it's also noted can save somewhere between fourteen and sixteen billion dollars in tax over the course of the year. Obviously they are major winners when it comes to the implementation of the new tax code. But the the thing that will come up and is certainly be more likely to be discussed around the political season. Bank executives have said that the majority of the savings from lower tax rates will be returned to shareholders in the form of higher dividends and stock buy back some of the money has gone towards higher wages for pleased. And business investments but there will be a lot of criticism. About the tax cuts based on share buybacks and dividends because they're gonna say while that only the. Too rich people so here's a question in the case of banks so let's let's look at Goldman Sachs and they're typically top of the pay scale up you know if you're looking at this from a fairness perspective. Do you paid the bankers already make and 400 grand a year more or do you pay your shareholders who own the stuff like that you. No one day even if you pay higher wage totally. Know when it Goldman Sachs is pork right. And they you know I can time zone Goldman Sachs stock right thank so you buy back stock they benefit from that make you know when it Goldman Sachs is make in eight bucks now. What does it one thing it should bought the people with the companies buying back their own stock. That means there's nothing to invest in that they think is better than their own company right or they're paying out a huge cash dividends. That means they can't find a business development like normally wait a company's going to be looking for return on equity of and fourteen to 20% right circuit to Nikki capital investment so let's say you're. Yeah you're the CEO of JPMorgan. And you want to open up people are saying we should open up of a branch in Springfield Massachusetts well. That's the they're gonna look at that and say well okay we'll look at it all we can't make 14% sort could consider. Yea it is if you do see significant levels of buybacks and dividend increase it's usually because a company can't figure out what to do with all their money and they don't want to sit on it because it doesn't do anyone any good shareholders or the public. To simply be sitting on cash not doing anything with that so. I do think it is. It. Look it's it's a problem that you have companies that are doing this from the perspective of yes it's good in the short term for shares of those companies because when you're buying back additional shares you create additional demand for them and so it keeps the stock price higher. But eventually. You need to have organic growth snorted actually grow the company you want to have as much. As possible you reinvesting back in at those high rates of return on equity and if if you can't find anything out there eventually your growth kind of slows and in you just. Don't see it any notes that that's the problem is buybacks are a short term benefit to the stock price they're not a long term growth strategy known enough and so cities are starting to go five G and a lot of people including me don't fully understand what five GE news microwaves. Selective for cooking similar it's it's it's very similar actually in terms of the other way of once it's it's five G is microwave radiation that is being transmit and so. It has very short range and can't really go through walls and stuff like that suits has limitations from that perspective. The benefit to five G. Is that you don't necessarily have to dig you know whole new pipe out every house in order to what connector you don't be you know string telephone poles and so forth. And the other benefit is that the speeds can it can carry data at. Are significantly faster than what we have today and the band width is just a nominal terms of how much data you can into trucks point. I ever you know you guys ever downloaded a movie from Amazon primary Netflix ya yeah. Me can take six minutes edited download a two minute too loudly if the internet's fast it can take data can take you we have fifteen to twenty in some cases it'll slow speed yeah I was five G. It's not quite snapping your fingers together and it's done but you're talking six seconds so. Five G why they bring it out in cities before they would in urban areas or rural area that the reason why you're going to see it in cities is the cause of the limitations when it comes to its transmission distance and so you get your most bang for your buck with five G when you are in an urban area because if you connect five G into. A buildings through for example that has twenty units and it you know. All twenty of those units can experience that faster speed as opposed to pay if you've got to straw you know run though line and he said he can't go through walls so what do they do go to window. Or an outside for a transmitter attached to the building. Sitting Indian tennis everywhere yet these these five G in these think of these five G intent is they're gonna look a lot different than me in tennis we have now. Yeah I think to be a million of I don't know what they look like actually. Me it's it's unclear what it what it exactly says on that front. And I know a couple of the big telecoms actually you know Verizon is also been working. I'm trying to get around some of the line of sight issues with five G is keeping mine and I said walls as an example. Five G technology at least the initial iterations couldn't even go relief. So I'm gonna be putting my intended line of sight in order to actually get there and then once it gets into my house how to get treatment it's the same way it'd you know be with a router or something you know it's the same way that it does do less do I suffer speed degradation is a consequence. No different from how you do with a router today you know if you have a router in one room when you're trying to get down your basement or something like that going to be slow you need one of those matches so you need you know amplifiers and different units to kind of get it all the different pieces of the house and that's exactly what you need. With this new generation as well five G. Refer simply to the process of getting to where. It needs to be and then once it's there it distributes via router to the exact same way it does that sounds like five g.'s gonna make self driving cars a lot safer. Potentially. If if you talk about the ways that we're trying to develop self driving cars one of the their two primary ways that you can work on number one. Is you develop vehicles that simply operate autonomously alone and have sensors that are allowed to map the road and so forth. That's what hassled us today in Tesla a Tesla that is in auto pilot mode isn't doesn't talk to the Toyota next. One and a lot of problems is one of the ways that you could potentially make self driving vehicles safer as far as understanding where they're trying to go on what their goals are. Is by having vehicles the talk to each other. The downside though is when you do at that additional networking stepped it's potentially another way to hack into those vehicles and so from cyber security perspective. You now have that issue deal with you didn't win the cars were talking to which up. So we're supposed to have. Five G across the country by what 20/20 into the year. Well no not around the whole country right no he's not going to be you know England cities. And to her what cup to three dollar in terms of broad adoption it'll be about two and a half years maybe three years before it's widely available throughout the country America. Coming up will be joined by Adam McCall from Morningstar were in we talked immature that's a Stockard ETF but stock talk is next on the financial exchange. Have a question for Berrian jock. Now you can text us at 63566. And take part in the show at any time you start your text with keyword battery and join our exclusive club. Days as the financial exchange radio network estate and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of drugs available it's understandable that there can be confusion when it comes to estate claiming. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice in this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between rebel rebel and irrevocable trusts by calling 8668485699. Picking -- show you how it's possible to eliminate your estate taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. The number again is 8668485699. Or downloaded right now from their website legal exchange showed dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to attendants -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank step ahead. I folks it's very Armstrong and I'm 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 Ruble global and irrevocable trusts probably the most commonly asked question never. Probably. And first all I'm gonna tell you that there's many different kinds of irrevocable trust its not just one mine call and so that's what makes it hard Germany. Want me 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 compare that kind of an irrevocable trust with a revoke of trust and there really biggest differences. The irrevocable trust a protector acids from an arsenal the Reebok of 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 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 happy if you like we define rich force I don't ask for 10000059. The estate tax laws as high as they've exemptions have gone as high as they are like say you know 34 million dollars or less you're probably still going to be considering an irrevocable trust if you're over age sixty. The estate 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 dotcom and search for the station closest to you this is the financial exchange radio network. Yeah. Joining us now on the line is Adam Hall from Morningstar here to talk about an ETF today. The stock talk out of thank you for joining us. I Chapman threatening and we're talking about his deal with lectures quality dividend ETF is that right. There's mrs. cutie asked the watchers quality dividend fund and with this one does it looks or high dividend paying stock but also mixes and quality you're looking for names that. Are able to keep the dividend payment they are at risk of cutting that came future. Looking at fear that they tend to focus on from the company perspective we talking large cap mid cap small cap were to where they tend to concentrate most heavily. Yeah it's it's mostly large in the gaps of this search with 12150. Largest stocks in the US market. And then it Whittle down names based on their dividend yield compared to the index and and also based on there quality metrics so looks war. Return on equity return on invest capital. And the other big thing that that. This fun doesn't it done limit its sector instinct stock that there was not gonna load up on utilities or reach rather hide pain doctors. And does it it sounds like you're primarily stays in the US then. Yeah yeah almost all the pulled into based in the US so that it's it's going to keep. The US focused but there's other options from. Boxers of all the target international market. Now when we talk about the term quality dividend you'd assume it's paying out yield that's higher than the S&P 500 which I believe is right around one point 85 right now what's the yield on this ETF. To be indicated yield of going forward based on its current holding is about 3.2 percent. You are right within two years of around one point eight and then it. Better compares and probably for this bind is the Russell 1000 value after about two and a half percent this is still. Higher than that but also its its. Not mine we chasing yield and buying companies there are are at risk of come into the game. Going towards dividend payers and typically it adds a little bit of a valued tilt towards a portfolio which can make it stand up a little bit better during a downturn. What is this portfolio experience as far as volatility compared to the broad market. So that's that's. Part of it that it is a little bit and not on responded that it is untested so it's just been around since 2012 is that five years of life of performance history yeah but be. What construction process limit the risk significantly by the reigning and single stock inspector bet though. Should probably perform like the average aren't and that art site category turning down term but that's that is still on test that we don't have any side. Action of this on it down market. What's the out of the cost when it comes to expenses and owning this fund. Yes this started actually very cheap or actively managed by the charges 37 basis point year. But that said there are much cheaper. Dividend targeting fund and the art site category for example to swap it on net charge seven basis point though. You know waited chief business under the best buy in the grant and means there's been too expensive. Over already see this fitting into someone's portfolio potentially. Yeah I mean if you're looking for an equity income I've waited for the great buy and own. The other benefit of this is that. But it does use sport looking metrics. Spewing out the less quality. Names from the index is that. It is able to avoid some stocks that have cut their dividend payment to prepare ample did it dropped ConocoPhillips and early 2016. When that company cut dividend payment though it is looking out for those names that they are at risk for cutting their pain it would Opel burn faster. Very good Adam thank you very much for the time today we appreciate it. Air struck Anna Nicole for Morningstar talking about the flex shares quality dividend ETF the ticker on that. Should you want to do little bit of research on your own es que the path. One of the things you would learn if you were researching it on your own is that it hasn't beat. A point 96. And that would mean I think that's pretty volatile. Drip edge and not as volatile as the overall market but it's not like he balanced mutual fund it's gonna have some risk so. Yet that this is a fun that you are expecting to move around significantly. It is going to put out higher income than the broad market in a lot of cases. But it doesn't necessarily have anything in there. That axis ballast in order to potentially stem a fall if you do see the market correct like we did in the last couple months do you see something similar early February. Odds are you going to see a significant dip in this portfolio in the short term. See you could buy something like that in your individual retirement account. And then when you turned seventy it's gonna produce some income for you when you need those. Wired minimum distribution to the current dividend yield on it was love that it's going to be north 3% Q. The market got a mixed bag today it's in it's ironic the S&P is up. It's about five points but the Dow is down eighteen points in the price of crude oil trading at about 67 dollars a barrel. It's very chuck good talker from the financial exchange we take a look at Hasbro. The next night. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval. Leader bank a step ahead if you're doing yourself investor the restaurant advisory group offers very specific options to help you with your overall planning process succession planning sometimes overlooked when you're managing your own money call now for our new guide the talks specifically about how to plan for the future of your DIY investor the numbers 8030000034001. That's 803934001. Or downloaded through our web site Armstrong advisory dot com securities are with the securities America incorporated Lamberth in recipe seemed advisory services offered through securities America advisors incorporated Barry Armstrong represented Armstrong advisory group in the securities America companies are unaffiliated. -- states 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 bowl 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 -- Kabul 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 -- at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called 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 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 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 7816418691781641. And if you are you do it yourself investor and Michael 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. Yeah I mean 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. 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 ends at the end of the day need to have a back. 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. They can be all kinds of things that they don't necessarily understand. And it's all happening during an emotional time as well. Right now I don't mean to him make it's in late super easy while you're still working but at that point you know the primary goal is saving once year 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. 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 bank a step ahead estate and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate claiming. Do you need a remarkable trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between reputable and irrevocable trusts by calling 8668485699. Taken him to show you how it's possible to eliminate your state taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again there's 8668485699. Or download it right now from their website legal exchange showed dot com. Time for bank the pays you with liter maximum reward accounts can 1% cash back with a debit purchases and an extra 10% back when you user carted 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 earned annual percentage yield ten dollars mass residents only he's 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 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 but 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. Where you can download it right now from our website Armstrong advisory dot com. Terry suffered a securities America incorporated members in SA BC and advisory services are the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. You know. I. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world stay informed and up. To date about the economic and market trends plus give breaking business news every day. And now the financial exchange with the Barry Armstrong and chunks. You know what in the first. Chuck is that this is hell week for Wall Street why is this is the week of the year where of the quarter anyway. We have more companies reporting than any other in the report number of companies reporting just amazing. Through talk about earnings and talk about the mark retired about Hasbro Hasbro. And laid an egg this morning and we've got to poll question related to health care costs hi everybody it's very chuck with you here on Monday morning and they find it and usually the market's very flat. Yet we're going this this is the big weaknesses of the big Grand Slam over earnings. It is many you've got to almost 40% of companies the S&P 500 report earnings this week so it's just a massive numbers this week and next week comprise a pick somewhere like 70% of 500 companies. So you've got this huge slate of earnings that are coming out. And the Dow is down three points the S&P is up seven. And the NASDAQ is up thirty Fords then there's not a whole lot of movement. Adults and now it's the ED it is quiet and I think that's because. In this is a market that for the last two months have been focused on all of this macro stuff that's been focused on tariffs yet focused on inflation and and finally it's come back this weakness and okay were focused on all of those things but the real reason is can we wanna see the impact on company's. And it seems like who received from companies the kind of matching expectations pretty well what bode has you know has pros a local company. The lead in Hague this morning but the stocks up to 2% yet that they wasn't in premarket by the Utley when they first announced I think with the stock down X 3%. Down about 9% I want for point and the reason why I think you've had the quick rebound here. Is there has broke came out and after they reported earnings they said. That the dip was largely because of the Toys 'R' Us liquidation. And they had excess inventory because that and they were trying to distribute that to where it needed to beat him distributed to. And pretty much they came out and it they got that look. We know this is a bad quarter than we think it's at one time thing just because everything else points to it being a one time thing. I wonder if they'll see if if parental behavior meanwhile and I look but my grandchildren's house. There's a lot of toys are no different than when injuries and yes but I wondered. If need be more than toys have gone digital in the Q you referenced the nephew that you had its. On his iPad all the time radio on his tab little time our kids spending so much time either on their phones at the tablet that they're playing with police Lance. Disciplined which is still lilies even if they're not playing with Camelot the stars out of line late at. Has Mirza care how much you use a totally nailed accurate as the ball right. I've we're talking about health care across the annual cost of health care rose to over 101000 dollars per year. In 2016 and according to a recent poll talker. 44. Picked up over the last almost 2044%. Of Americans. Said they didn't go to the doctor when they were sick or injured because of financial concerns and unite confessed we've both done. Right now you notice a simple. Physical or just push it off and a I'm I'm good a 'cause I'm young obviously you know I don't matter like I've I've for a give an example I've got sciatica. And I think I know enough about it where I can panic did self diagnose self diagnose and I think it's. And and so I don't I do some stretching exercises but I don't go to the doctor why because I first got to go to the doctor. Then I have to get. And a written. And referral to a physical therapist. That I have to get approval. From my insurance company goes either physical therapist then I have to call the physical therapist make an appointment there that if I say. And it isn't a big co pay so if you know that that's an example I'm guilty of Campbell I think I know how to do decide watch some stuff like due to that rate it and do what what what could go wrong. I mean you can you can handle Lehman comes on your own I've yet to operate on yourself yes well all the both in other splinters where real. In Raton and a anesthesia. Drinking heavily I thought. Perhaps if I payloads nowadays you're asking me how much they are always amazes those movies where it used to be like OK here's something for it bite down after shots of whiskey yeah we're gonna give this job and place the old wood but it is a civil war what the heck is wrong with you I wouldn't do that. Have you skip the positions of treatment for financial reasons 53%. Of our audience has done exactly. Skip eight positions appointment for financial reasons. Tucker I've both voted yes he's done it 53%. Heidi Vogt just go to our website financial exchange showed dot com to cast your ballot. I suspect the numbers will stay in that range there seems to be in that 55 to 60% range of people have skipped appointments. Not a good idea about when what I do is not something to do as I say that is do. And would go to your doctor you're not feeling go to your doctor it'll save you money and might save your life. So today's Monday. It's booby day yeah you don't have a great sleep this week. You know one of our listeners texted and instead they should go see that. Lou the ready player one but it doesn't. You know. Confine a time. Confined ties 603 saying she goes see I told you to three weeks to receive quietly as you stole haven't I'm afraid. I've I'm a bit of chicken when it comes as a as the police are honest valid orders another 603 says being of Canadian descent I think he would let your arm off. With the firm. French that the characters the French characters speak to each other during the traffic spots well listen I I I I what is your my choices I can go see Rampage. A quiet place I feel pretty or super troopers to. Does my four choices as I'd go with a quiet place super troopers to jail either one of those text me 63566. We always go with what the audience recommends and fortunately the op audience insisted. And I glitzy Chappaquiddick last week and I did not. I I didn't appreciate that. Why because they it in Solon bears what you still enjoyed the movie you sit up like that though. I wanna put it on him there what it's embarrassing to think that this guy was our senator for sole. That's assistant editors and separate far. But don't you find had to bear tour. They go to T don't like to go to your mom and say mom had to let this happen and Arabic on a nation with your dad I was in voting. Nobody could ask your your mom and dad voted him. As an embarrassing to me nobody like. I my generation voted it's that I didn't like the movie anyway. Next week you've got avengers infinity war coming all you all I'm on the on thank you thank you just make it. I know that I'm not going to see it but everyone else the country's going to see this move that's going to be a blockbuster it's it's going to do. North of one point six billion real. Now international again it'll be it'll be probably about 700. Domestically and a 902 billion international. Black Panthers to the big surprise of yours and Daria I usually it's it's gonna clear one point four billion this week. It's still this is still you go to any theaters the letter of the they have four million last week and things been out for. Ten weeks now oh easy now has now a few months. And they might choices are Rampage quiet place I feel pretty are super troopers to text me 63566. And then. My wife will assign a rating to it and I'll tell you what that rating. Is tomorrow. 96%. Of Americans are not taking advantage of this Social Security. Benefit would benefit would that these are some secret benefit I was unaware. No there there is not any any secret benefit rather 96% of Americans. Collect so security before maxed out at age seventy that's the big thing that you see here is only 4% of women collect about one point 2% amend by the way according to. The center for retirement research at Boston College almost half of men and women collected age 62 and almost half. Why that easy it's such a mistake you know I think it's and I think in my pain in it's it's such it's a it's a huge industry desperately to deal I think I can listen in descending order I think it's need they simply need the money now again. Number two they're nervous that they're not going to get all of their money back you skepticism either because of death or Social Security running out of money. And which is a dumb that you let death isn't the date right they're not gonna run Panama. The number injuries and I think is just not understanding how the program works to be missed I think there are a lot of people who don't. Know how Social Security actually works and so I think they sell liking collected some 62. Not realizing that you benefit increases by 8% for every year that you wait. Bear hat and until have you looked like the financial literacy in the United States is not good I I agree there are a lot of people don't understand the term interest mean she's. Be some kind of a class that you have to take. Rightly ammunition is who's gonna teach. Who's gonna pay for it let us what level which it when I was in high school. My math teacher once a week would teachers' personal finance electric should be required in high school I think it's actually preposterous they don't teach more personal finance and high school now they're teaching us calculus and algebra. Right why. Have you guys use algebra I am in now or calculus of liberal talk I'd never do. Or would you use it early. But it would mean when to use algebra you know account to figure out variables and stuff like that have variable charitable yet to be personal finance all day I think it it's. There's a lot of people feel that you know you think about some of the requirements the you have it right yet taken our cause I will say yeah that got Arctic has yet taste is that if. If there's one class that you could probably do with out of Jeff knows if you if there's one classic do without in in in math okay for you know high school and so forth trade. When I went to heck do you ever need to calculate the co sign of an angle you know late. Let's let's let's kind you know what it would you ever do anything with the triangle in real life. Never know what plays the triangle known as triangles like I write it it's useless. Useless what retreat move personal finance and they're being boom boom you're done. That what's the best summer job he has ever had injury and Kyle. I was cart I would go to Carmela. Originate a lot of money that mount. Now that belies made good money that was all but then and I were chuckling as your favorite ironically I mostly coach soccer camps to stuff like that cut. Up next I'm going to tell you. Guarantee. The best internship. College intern ship you've ever heard. I guarantee us that next segment we're talking about college intern ships I found one they're hiring in its the best one in history that's next on the financial exchange. The financial exchanges look I'm on FaceBook can you do want to Berrian jog do just the issues of the day and see which ones miles the most. Financial exchange radio network estate and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you to do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate planning. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between rev a double and irrevocable trusts by calling 8668485699. Taking him and show you how it's possible to eliminate your estate taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. Or downloaded right now from their website legal exchange showed dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. Hi this is. Are are strong 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 own portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years called 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 with the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated stayed an asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to a state claiming. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together a free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between reputable and irrevocable trust by calling 8668485699. Picking Lehman show you how it's possible to eliminate your state taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. Or downloaded right now from their website legally exchange showed dot com. We wanna hear through due to Steward prairies to 63566. And let us know what you think about the stories we discuss your due to the financial exchange radio network. This segment of the financial exchanges brought to you by a leader banks take advantage of leaders knew he savings account. And nearly one point 5% AP why this online only product requires no minimum balance needs of the hundred dollars to open the count and earn the rate. Sign up for this tech friendly high interest account today at leader bank dot com that is leader bank dot com. 603 writes I've skipped appointments or talk about medical appointments. Because of all the hoops you have to jump through I've skipped deployments because I don't have time to fill out all the pay for I gotta tie. The that is a major. Issue you know like you you wanna go see. I don't know. A specialist on anything yet to go through your your GP or at least go through your physician's assistant Nader general practitioners office. Emily again that the two biggest reasons why you have few people who typically don't go to doctors won't there's three number one is look I just I. Don't like doctors and I don't wanna go that's what you're apple that's that state then you hear the money and then it like the pick or two big thing also laid off got to you know get talked experts and they say go talk to white person was already filled this out here what are we need to fill it out there again again it's a whole process and especially. If you're feeling sick and you're not in good health from. Then you got to do that on top of that it's no no thank you. Forward three writes Gerri one extra money going to see I feel pretty that would need see that movie red red box for a dollar 59 while on. Relieved to report that I'm not gonna have to use the if you pretty does nobody has said had to. It looks like I'm going to cease super troopers to. I don't think your wife were approved oh gee if you think it's the issue to recruiter. Recruit well it is or. Too bad. I I've I got this feature Catholics with her right this is paid which would use. You know. Bad bad east all of it in movies that I am embarrassed assailants saw his I knew you guys in the art. We want to give you a hard time you could be honest with us all right yeah I do need to at all hours ago out of ghostly quiet as. You want to skirts. I didn't get the votes he. Tell ratings they didn't get them that listed the listeners I choose what Agassi yeah I think you select accounting from our techsters are you selective about temperature for two votes there you can still vote 6356. Think just the interest of transparency every Monday or our poll question should be that they could just make sure that epic. I just want to make sure that there is like a third party and is tracking is you know he Robby fits in the system it's a lot of selective counting here you know all scores legal battle that life. Poll question may appear to undergo a get. Promise you I tell you about the best in turn ship in history as a dozen world this'll this'll cost Harley-Davidson. Is tiring eight interns to ride a motorcycle for the summer. And document their experienced man I wish I was twenty years old. Yes it's going to be eight students and you have to be at least eighteen years old they're going to take you out they are going to train you how to ride these motorcycles. And they are going to say look go and ride the motorcycles for twelve weeks. And you have to then document what new pretty reasonable blog across the course the summer what you did with the motorcycle. See with the majors have to be here Tucker you have to have. I was studying at its market but current social media yet. Communications. Public relations or marketing. And those are typically. Really hard internships to. Her you know in your kid you studying communications tried getting deaf it and usually they're free write a eat like if you go to a television station. They'll hire you but united pay. So the the order in Japan the the other thing it's awesome about this they're gonna let these eight interns keep the bike after the summer really yeah. To keep the motorcycle after the summer that's for street that that is which by the way if you talk about who moves you kind of on the ball in terms of PR. This is a pretty Smart on our site. I'll bet you this week this is something they'll continue in future years they're big problem Harley-Davidson's big problem as you guys. Yet the Bible that heads the internship this idea is that eight's not going to be enough merit no wait they need to have 800. While get right around in my guess is they'll expand the sounded to me is that this is big for ice is huge and whoever thought this up. Pretty Smart yeah this this is a good program. Yeah I think that I like is this car subscription service I'd love us I think this is gonna become warm up to you live for our audience. Who I think would really take advantage of this. Think about all of our clients struck there's no ports. And they go to Florida for. Three months four months six months in car subscription service would be the way to go for a lot of people. I do the one caution that I have is that in the long run services like this tend to be more expensive then. Owning and operating room machine they do but you know if you don't wanna make that trip down the floor like you don't make the drive frank Williams talked in the fifth. Almost 2000 miles per depending where you're gonna get it fixed around that area. On automated wore him more most of my clients to drive to the door to spread out over three days Jay or longer at Florida driving all the way through depending on where your donors anywhere from 22. To thirty Al I know people don't want it but whatever it's not the point. The point is well I I think this would be perfect. For somebody who's a snowbird right EU subscribe to a Carney said while taking a seven month lease. In he caught. And then I don't wanna fight especially if you get one it's national right in now on a different car when a flight four and I just pick it up at the airport he can deliver to my house. Yes it if it does give you flexibility in terms of being able to move into the vehicle that you need given the time of year. Again the one thing I cautioned all inclusive are typically more in it any business yells and any time you hear about an all inclusive whether it's a hotel whether it's. A baseball game. All inclusive are typically more expensive just because they wrapped all the stuff in it you never actually going to use in bundle it and. Your your right now give me an example. If you want to book by Cadillac. Right David nice car. It's pricey it's 18100 dollars a month and there we go. So really get to use the car eighteen times it means your you eat you can change cars eighteen times a year. Fall season ago can eat one for two weeks and and one for three in the one but who's got a car payment of eighteen wheel it in that's the thing this is if you talk about that caddie it's 22 grand a year. Now granted like that includes your maintenance that includes your insurance that ankle but you know word might be still rough so you're an assault. I think about a third of northeastern city yeah eight car. Well or if you do need a car in your northeastern suburb driver publicity cheaper Hooper and Hoover and that car it's a I I get what these services trying to do. But for most people they run the numbers it's cheaper does not own any vehicle and just over and zip car when you need one and and that hate. Great you got buses and bikes in this and that and you'll be fine. As you head into retirement. Have you ever thought about. How much you're gonna spend on health care cost while you retire you retire and worked hard your 65 Google. How much money Citic roster for health care after that. That's next. The financial exchanges and live on FaceBook so make sure to 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. State and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to a state claiming. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together three guys that'll help you decide the best plan for you in your family you can receive this free guide the differences between rev a couple and irrevocable trusts by calling 8668485699. Taking him and show you how it's possible to eliminate your estate taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again -- 8668485699. Or downloaded right now from their website legal exchange showed dot com. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally owned by your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader -- 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 ahead time for banks that pays you with Lieberman -- reward accounts of 1% cash back with a debit purchases and an extra 10% back when you user -- 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 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 or because why 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 service is our securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated I 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 were talking today. About the differences between revoke herbal and durable global trust. Todd what is the biggest difference between. Ripple Kubel and irrevocable trusts probably the most commonly asked question. Probably 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 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 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 and the really biggest differences. The irrevocable trust a protector acids from the national. The Reebok of trust never will so why would somebody use a readable global trust. Over and durable trucks 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 it if you like we define rich force I don't ask for 10000059. With the estate tax laws as high as they've the exemptions have gone as high as they are saying 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. Dole 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. Starter tell extra keyword Barry and become a member of our brand new text club tell us what you think 24/7. Break here on the financial exchange radio network. I don't think it did turn the no I don't think we did oops there it is Clark. During gamble released a strong earnings report late last weeks or asking trivia questions about Procter & Gamble. During which war did the federal government asked Gillette to supply razor. And razors and blades for the entire US armed forces action should rephrase that to help our audience. Alexa during which war did federal government the federal government passed Gillette to supply razors and blades for the entire US armed forces suited to their record in his opinion are obviously hope that has I mean annoying them with their elect is going off of that now they're getting the answer to it to the tree and if you if election just helped to AT&T just text it to us at 63566. It's the first time your playing Alexa. Remind here. Listener to put the phrase bury the new board there at the beginning at 6356. Weeks. Couples in your own action wanted to go to tax we found somebody's using trig and on the tree to. He said he could quick trade yes 603 says Berry I used tree economic tree as a machinist. Every day no 774 says Barry. I'm using calculus and algebra to Mickey robotic and dog. Cooker. On hand dogs and dog they're coming back out there on everything that's good in the world we've what's him dog you don't remember the hand dog now it was the combination with free Tucker. I don't think so I thought that was like me be two years ago so it was a burger. That had to although I went through that little bit yeah Allen throws like my second month working here. And AM best you've ever done that's right after awhile but I still haven't had a hand. Avenue and you had a hand it I don't know if they ever got the license in the US. And now it's still only in Australia looks like. But they just it's just looked so good I'm looking it was the. On on the thing if you're 65 year old couple retiring this year. You'll median more than that to cover health care costs retirement 280000 dollars fidelity. Did a study they estimate it will cost a couple 280000. Dollars to cover their health care costs in retirement that's up 2% from last year. And 75%. Since its 2002 estimate of a 160000. Dollars. The math assumes that a couple retires at age 65. And is eligible for Medicare the cost for care. For males in retirement is an estimated 133000. Dollars while the tab for women who tend to live longer. Is a 147000. Dollars cancel my. Yeah. And so when you talk about you know what are the most rapidly increasing areas that you have fear. Prescription out of pocket drug costs. They they have really moved on Medicare premiums haven't done a lot of co pays and moved up you know he had the additional cost of drugs moved up as well there's more treatments that are available that previously weren't available and so. It just it all adds up over time and we know that the bulk of our health care spending the Al happens to people. Read sixty but I can tell you shocked aid might peer group of folks that are in their fifties yet. They kind of think well okay have to keep working toward 65 because health care. The unit understand. We as a generation don't understand it is still a significant amount cost associated. With health care. Even when you get on to Medicare part B Aaliyah busy right now it's in the here's the problem you're sixty years old you might be pain for a married couple. 23 grand a month for your health care costs for your health insurance and that's just your medical and doesn't include your dental right yup. Then you think all cal I've made it to the finish on them finally 65. Ninety amid that they don't you still write JWE you're you're paying for your health care. Up until and even sometimes after you die now. It was on. How much is a typical worker earned an Amazon paid a lot of people look at Amazon and I think all of you know they're all making half a million bucks a year that's not the case. Yeah that the reason why is because with Amazon we oftentimes think of the programmers and in the sales people that are. You know working on the tech side of things on people don't think about the warehouse worker. And so Amazon disclosed that its workers' median annual salary was just north 20000. Dollars Ian. 27 to try Luna twenty grand. Schedule in the northeast varies you can do it the parks the country that you can do it in and now have a whole lot of problem really but we go to when he got guests trust me. I just the hard tonight so you think about living here we have a big warehouse facility net content Fall River yeah. You you can't really live there on 20000 dollars easily. But if anger when you work your forty your tires. We but if you're out in the midwest and you're making thirty grand a year then you can actually live a fairly comfortable lifestyle and he can't go. You you can't do that massive midwest I don't mean Chicago via I mean you do Moines Iowa I don't mean. You know the the the problem is all their warehouse truck have to be around large areas right there they're being there. They're going to be around New York Boston there's one in North Haven. You know there there in a row where there's large populations there are in and again I think for a lot of folks. The question becomes is this a permanent job and you're gonna do for 1020 years or is this a stepping stone either to another position in said the company. Or while you're getting an education somewhere else and gaining skills that he can go and do something that earns higher salary. How have they kept the unions out. You don't know America still has the Italians are the they've got really union issues in Germany match and here it's are they don't I have no idea. I'm shocked it sorry are you legacy do you think that the unions would be because you talk about a company that has to have labor. Rates it's got 500000. Workers I don't know how they've done. But he doesn't make any sense to me it's it if it's some kind of magic I don't know what. So who knows more about struck in terms of our personal data. FaceBook or Google. Eat in your estimation one billion dollars stuff push. I've and they know equally as much and yeah bothering me beating Google. Is scouring. Even if I don't have a Google account and have Google mail. They still know everything about anything I do additionally they know suing in Facebook's the whole Cambridge analytic thing. Even if you didn't participate in the service if you had friends who did they still got your data right you know so it's there. Big Internet companies whether it's FaceBook Google Amazon apple. Beno just about everything about OK apple doesn't sell your date so they have a whole bunch that they use internally they don't sell any of them. FaceBook says yeah we've we have no problem selling days that's our business model Google says hey that's part of our business small. Amazon we don't really know but I would assume that they used primarily internally just try to sell you more stuff is that's their business. Is it ever creepy guys out when the new car every day and Google pops up on your phones and says it's gonna take you. You know an hour and a half to get to Waterford Connecticut yes Heidi that's that's ever happened means all what happens to be every every day when I get my cart today. It'll tell me it'll know that I go to the gym can say it'll take Q academy and the. They they they did they know your behaviors they assured they may again be these big companies they know just about everything if you want to know just how bad is there's a great. Twitter thread that was published a couple weeks ago and all the stuff was coming out there any goes through you can go on your phone and find out everything like. I went through the profile that Google had built for me as an advertiser. And it was shocking how accurate it was in terms of what I am interested in when I try to protect yourself done. I'd tried to but there's only so much that you can you do I would they're looking at our browsing history. Pretty much to me like you go through and I just pulled up now this is by this is my ad profile for Google so these are these the topics that I'd like accounting and financial software action and adventure films air travel American football. Athletic apparel baseball. Bicycle lake I I go down the list it's pretty much dead on except for like. Tour three of them out of eighty topics that they had him dogs ham dogs are on there I mean like everything's here it's it's it's unbelievable. What we have here they know that I drive a Subaru they know that I like soccer league. They know everything and it's scary it's just because of the way that you search in the patterns in which he surged they have these algorithms that match up and say here's something he's actually adjusted verses. They know that on Google laying about you know while. You know. I don't know something for someone else you know like they can tell. What do you actually draws the change do you think congress will eventually get around saying hey you gonna be you know it be taken themselves. We're reduce it easily if you don't he shouldn't have an expectation for privacy if you look at the basic framework for law in the United States. There's very little in law it's actually based on technology and what you should or shouldn't do how technology firms. That the basis for law in the United States largely comes kind of from moral law and there's nothing. Moral that you can do when it comes technically it's I don't know how you try to create moral laws around technology when we've never done it before and so Boston ranks very high. For places to take a summer vacation those of us who leave live in New England title field. Well according to by US news it places Boston as the top summer vacation destination. The united state in the United States I'll disagree with you on the swing there and I think in the summer there's no better place to go the new wing. Does what they're saying in Boston they're not saying because they're competing with Portland Maine in Cape Cod dipped. I'll put boss right up there via beat you talk about the things you can do the history in Boston at times people don't apparently are you the stuff that you have there all the museum house anyway. You go to a ball field the Indy as in baseball fields and other and other cities have been to a couple. Yeah I would it everywhere they built Camden yards the all of my might I had buddies down and they insisted that it come down to see their ball park. It that it sucked. And I heard good thanks you're so far away from the game they use we you can't appreciate until you go to a packed in there you more is I like I grew up in Toronto. Their state socks it broadbent and Toronto area a million miles throws a joke from the from the field you know it wears in Boston your rate on the. But you if you look through that you can do blog I mean you got again whether you talk about Fenway whether you're talking about you know you're going crews in Boston Harbor got all the museums you know you can there's so much stuff that you can actually do. Yeah well we do it on weekend trips so we don't feel like we need to come now I will say I don't understand how Boston came in third overall in the world behind Paris France affords Italy is there's a whole bunch of other places that I think worldwide now probably have you know some competition but. As serious for New England will take it right. Pay up next are going to be talking to Tim Stevens from the CNET roadshow about the what is the Audi. Yet very cool go right out of that's next on the financial exchange. To vote on our daily poll question had financial exchange showed dot com while you're there are of the media player and watch the show while you work. This is a financial exchange radio network. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to -- -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank step ahead. State and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate claiming do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice in this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between reputable and irrevocable trusts by calling 8668485699. Taken him and show you how it's possible to eliminate your state taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. Or download it right now from their website legal exchange showed dot com. Hi this is very Armstrong if you're do yourself investor and you're happy with the status of your portfolio don't worry I'm not here to tell you how to change your strategy however I do want you to know that my firm the Armstrong advisory group offers very specific options to help you with your overall planning process succession planning is sometimes overlooked when your managing your own money this month I have a new guide out that talks specifically about how to plan for the future if you or I do it yourself investor becomes the do it yourself checklist designed to offer you additional guidance as your planned reaches its later years called right now and get this free guided 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Security suffered two securities America ain't members finreg SIPC. Advisory services arbiters securities America advisors Gerry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated it's hard to dial a phone or send an email is too dumb but it's easy to text we've got an excellent running when you can tell us what you think right now but texting us at 63566. The skewered Barry and join our exclusive club this is a financial exchange radio network. That would ever winner on our trivia question it was Timothy from South Hadley he takes only fifty dollar gift cards Dhabi it was obvious as five locations in the Boston area. Including their newest location in Braintree in hosting next special event at W o's is the obvious dot com menu information and for reservations by the way the question. During which thwarted the federal government ask Gillette supplier razors and blades for the entire US armed forces. The answer to World War I so graduation congratulations. Again to Timothy from South Hadley. Joining us on the line I was Tim Stephens from CNET roadshow and Tim thank you join us today. Jim we're talking about how he's upcoming each were on suvs the first question what exactly is Audi. He trotted to victory you're branding for their electrocution. System we've seen that apply already on the 83. Broadening that including a lot more pure electric vehicle and the talk about here with the cork all the is a fully electric suvs that will be hitting the markets sometime early next year socially a lot of because the going to be somewhere between Q five and chief said the two sides are probably true row at UV. And they'll all the more with a wagon to the world fielded more built with the. So this is a completely new vehicle not based on any existing platform. It would appoint share some DNA would be good in 2007 car to be on the market right now but yet this is the beginning of a new era for our audience they launch these all electric cars and a new battery technology new motor technology. A lot of other new stuff in there to make these things practical and hopefully reasonably affordable to. Well what stands out about the technology obviously Tesla is the leader in this space right now when you talk about electric vehicles. Are they pretty much trying to go toe to toe with them. Vividly our this will be seen as a better suited as a model XS UV. I may be nothing oldest more terms of cargo space but hopefully will be a little look more horrible to restore way to impress those instead sure. A W one of the big things out he wanted to talk about was the safety of this car that's a lot of I'm sure and ask. The crash safety that built into the battery pack that sits on the board this car. With a big cast. Sections of metal that surround it are packed mention that you are in a major major side impact. That the battery won't be compromise that we've seen in a few cases in the major side impact and has looked that can result in the battery pack actually starting to go bust and the car burning. Which is obviously not that you don't have. What kind of range re talking about on a vehicle like this. Right now out east saying that Karl will be ready for 400 kilometers in Europe that means about their fifty miles but. That rating in your possession of a bit different and they EPA rating. That applied to UVs that are released here in the US which tends to be a little bit more difficult. So would be surprised if the ratings that you coached at 225 miles when that cart has come to the. What's the timeline as far as the release of this vehicle. Audi has to premiere the car already but we've only seem to really in content former expecting to see the full production version of that car later this year probably around August. In and it will be available in dealerships sometime toward the second or third quarter of next year so really not at all. And as far as price goes where does this and a recent kind of between the Q five Q seven what does that mean to price wise as far as what we're expecting. Who Q five and you have those are prices were between the low 40000 dollar range and high 50000 dollar range but given this is an EV urban expected to cost probably on the order of 20000 or more typical Malek starts at about 80000 dollars in another competitor that John or I'd pace. Sort of about 70000 dollar so I would expect this course slot somewhere in between there between 7080000 dollars just elaborate premium a very expensive car. But I think this will be on premium. Adidas you via the data at high speed if you want an untoward about it or readings should be NASCAR gladly. Very good thank you Tim. Thank you Tim Stephens from CNET roach who talked about how he's upcoming you try and suvs these cars are still too expense. If you whether you're talking Tesla Audi. You know they're the only ones that are affordable really the only one that's affordable is a Nissan leaf. In Nissan leaf he get for about thirty. Yen in it in I think is the big reason why is that Nissan leaf the battery range half this at a 150 miles you know out. Though it would they say 225 to fifty. Now in Europe to 25 here so you could begin like the Tesla you can get 300 points. That the problem is the battery you know is you think about cost still haven't come down let it be if you're someone who's driving from Nashua down to Boston. You don't know if you can get through that belief right and if if if you have fifty miles and I got cold weather and you've got lots traffic and stuff you know people get through that right. Now that that is the problem belief but. They're 2019 maybe he'll review that force because the 2019 leaf. Is supposed to be over 200 miles. And they show the evils they can get the the Chevy bolt. But the problem is the dark cost. It's good it's a literate you know in that's into the taxes you're still. You know the they're too expensive for what you're getting it's almost like double costly have you bought a small. Car you try to get one for 20/20 five rankings of U minus I would always is with new technology. Now you know you'll get when airbags first came out. In the get you know good a driver and passenger airbag was like an extra 2000 dollars and content and now it's it's now Saturday nausea twenty bucks to install like it's. New technology is always expensive you were the first dvd players came out they were like 800 dollars damages member of the first digital watch. That was a big deal you push a button on your watch and Narnia time without. They're back in the seventies that was nick if you had one of those in high school yours who. And now. Things. Optical kid I would not adequately paid the price of oil is down 53 cents a barrel at 6787. The Dow is up 25 point. Thanks for tuning into the financial exchange to struck Sodom very Armstrong and talk herself.