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Full Show 4-26-18

Apr 26, 2018|

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And me. 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 sick leave your world stay informed and up today about economic and market trends plus get breaking business news every day can. And now the financial exchange with the Barry Armstrong and chuck son. We begin today show with a conversation about three companies. Doing a lot of different things and impacting their stock portrait talk about chipotle I don't know if you are aware that the chipotle shares are up almost 20% this morning. FaceBook shares. Are up 8%. Despite all the regulatory issues there facing and then Tesla shares. Now they're flat and they had yet another executive departure I everybody it's variant chuck with you here on a Thursday morning in. Mr. police story ash chuck. Had to be a couple years ago where we were talking about. You know all their poisoning problems and people were joking about to hopefully you know league being you go to chipotle you're gonna get sick they seem to be maybe just maybe turning a corner. In this might be the first good news that bill Blackman has had in about. Two or three years now he's the biggest shareholder in to pull way he's long. He used very long to pull away if since I wanna say last September's or somewhere in that range where started buying you know the good news for him is he's had it in awfully tough time lately. But two poli coming out with really the first good news they've had in a while since they had their health problems herb cleanliness problems that led to health problems are. Back Ian I think that was the end of 2015 I believe is when that was happening about two and a half years ago. And so the stock it plummeted since those started it it'd been at a high at one point 742. Dollars a share believers now that was back in July of 2015 their 400 now. It was it 400 it's at four under today it was down as those 247. Dollars a share in the last year so if you bought in at the bottom there. You're sitting there saying GM in a 60% in the last year. Not bad for years work okay. I always thought bill. If they had a good even when they are going through all their problems you said ought never meet their gambit you're back here and a couple weeks talkers a regular there. There be just make good food and the net if that is what the restaurant business is all about business. They do visit the question for them was could they get their supply chain in line to actually have you know the quality nearly need to from store to store. That was one of the big questions but look they've they do appear. To be at least have the potential. Did to move somewhere from here I think there are still some questions that you have is you know to whether or not this is just a one quarter bump is. Sustainable I have some concerns I mean the the stocks up ISS said 20%. In their same store sales only grew by 2.2 percent dip and they happen to be hitting. A perfect time in terms of input costs because food costs are down in in to be fair day that 2.2 percent growth it's not great but you look at what they've done previously they they have been able to manage any same store sales no we you'll get an error they grown son and he. We haven't that they're not being compared to be compared to themselves and when your company that hasn't been doing well and has been growing sales if all of a sudden you show the ability. Even marginally DR gross sales. What they brought it got room for expansion on on the company's stock price and they did bring in a new CEO from. Taco Bell is name's Brian nickel yet think it's two related to say that this is as a result him mode I just started in February yet but it you know. If he is the marketing genius that he is giving credit for being. He could further impact the stock. Yeah well I think that act and there's a lot of people on that board this I view this quarter here as at least. Giving credence to the idea that Tripoli still has a place to continue to grow and as opposed who paid to they have problems are they gonna shrink going forward. Busily shows say they can grow it might not be as rapidly as they used to but at least they have a chance to look forward. FaceBook I'd just a huge quarter this the company of course it's under a lot of scrutiny right now from regulatory perspective. But they're sitting on just went forty billion in cash their revenues are growing like crazy I mean if if you didn't know about the issues as it relates to privacy you'd say oh my gosh this company's just killing yet in. And they reported their earnings late yesterday after the close. They came on the issue of 13% year over year user growth their revenue was up Europe's are their profits were up about 50%. The sit down 44 billion dollars in cash right now the question with FaceBook is never been hey are they profitable. And are they gonna survive their insanely profitable. The question that I still have after this is remember that Cambridge analytic scandal that broke on March 17. Towards the end of the quarter this bill is only reflects about two weeks with that knowledge in hand it's a good quarter for them. And they did appear to guide that hey we we don't think we're going to see any measurable impact as a result of it. The big threat is always the regulatory side and I think Mark Zuckerberg put a lot of that to bed when he went to Capitol Hill and put on a pretty good performance in front lawmaker. Yeah I do ID act you know the problem is for a lot of us we don't fully understand. With the issues are no ends a ID and certainly a lot of the congressman he was testifying informant did not although it not with his work so. Is that from an investment standpoint is difficult to make a decision but. The air they carried juggernaut and they are still the primary social media platform would be increased use or by seventy million. In there to 2.2 billion people around the globe now big number to think about that. 2.2. Billion people have a FaceBook. But just for you question how many of them are fake. Okay that would date they clean those out periodically. Maybe if that's ever done I've seen enough with FaceBook advertising that they are still of a fake account. Native yeah they've now why don't they why would FaceBook facilitate fake accounts does I don't think if facilitated. I don't think they're making them and so. The people making the fake accounts what are they using them for. McGwire why would somebody make a fake spamming or that there's all kinds different reasons that you can use of a you know did there are some that are being used for fraud and things are these fake friend requests that you get is that you get the other person as two friends that you've never met and you know we have no idea who they are it's not a real person. To just delete that. Request and yet you know I report FaceBook every time when you do oh yeah. I'd Blakey again you'll see a lot of us don't understand you gotta be right Jennifer and I guess Ridley guys OK but confirm though you make I. I don't accept friend requests from anyone's over any of our listeners have ever sent me one and I have responded yeah that's what I I don't. I don't send him iris I were congress I don't want new friends you know you gonna see your pictures of migrant otters. And we'll see you want some stranger seeing pitchers and your granddaughter. After all we've talked about privacy I guess I should probably in here and claim out of there. Tesla Tesla shares they're actually rally. The they had yet another. Senior executive and leave the company. The fell hadn't been there very long and he worked in their autonomous car area and now he's going to work for Intel. But if you talk to a short seller. I saw an interview this morning on CNBC with Jim chain of whose a famous short seller and pretty good at what he does. Saying that. You know when you see massive tech executive departures that's a very bad sign for any company but particularly first company like this. Well and especially talk but the two places that you've seen those departures from Tesla number one is on the financial side. In number two is in relation to their development of self driving technology. Are those the two most important places that they have at that company going forward. Well I'd I'd argue supply chain whose biggest problem you know physically manufactured. Well they if you don't have money can't even pay your supplies right near as I think. I I think these are an existential problem for Tesla that if they don't square things away on that side. Look they they may last you know at a decent run but again the the but I know you had truck gave beat besides all those issues like the supply chain financials. The executive departures. The problem they have is competition and that's then they've done all the expense of R&D and now everyone is coming in and saying yeah we're gonna build those cars to and the problem is prices have come down they again Tesla has been a very expensive experimental factory to try to build these vehicles right in it for companies come and announced saying. Are we see how he did that were gonna try to do the same thing right they had a first mover advantage but. The problem is typically the first mover. Gets the lion's share of the profits they're the ones that make the bulk of the profits competition comes in a row the door down exactly. Tesla hasn't figured out how to get consistent profitability. It's any property of the aid never made money don't think they've had to profitable quarters one and thirteen and one in sixteen other than that zip now. Well let's say a jury is out but the stock is up again I mean that that's the son of a gun. You'd you'd think you you think you understand. Why the stock's gonna go to zero. And then all of a sudden Elon Musk pulls a rabbit out of a hat and stocks up three bucks now he's see he's right and at a rabbits no you know he's he's down to months. Let's talk about oil the or report coming out of and you FG. Saying that 250000. To 350000. Barrels of Iranian Ronnie in crude oil. Could be at risk. President trump scraps the nuclear deal. And many people think he will in fact scrap the Iran nuclear deal. Yet this this has the potential to while bump up oil prices some color range of five to six dollars a barrel. Is that already baked in though because I'm looking. You know you I've I've follow oil as you know every day and it's trading at 6839. So. Is that. If if you're saying it's gonna go up by five bucks is that in the 68 words is they're going to be another five dollars on top of the sixty. And that comes the hard part don't know I'd you know it's that there's so many different things that move the price of oil that winning any one thing and saying hey this is gonna move X number from here. I think why would so move it and why and why why would move it at all what late what how how important is 350000. Barrels of in the short term it's incredibly important so when we talked about moving it it's not necessarily going to move it over a two year period backed into that rain just 3350000. Would be of note. 3% of our daily consumption. Point 3.3 point 3% at 60%. So it's a if you're not talking like 10% reduction. But it doesn't take much does to move to pry know and and and let's say that the US says OK you know the price has gone up and ExxonMobil says great we can open up these new fee what oil fields in on North Dakota again and it still takes time to do that and typically what we're seeing in terms of the US adding capacity right now the US is adding about a 100000 barrels a day each month need capacity. Or take about three or four months to kind of get back to that the equilibrium that we have today. There's John Bolton still worked in the White House. Doubled to start work in the White House about our poll question is. Do you think president trump will scrap the Iran nuclear deal. And I'm asking that because I wanna know what the price of oil is going to do that's why did he a lot of people are saying. You know they're they're very emotional about that topic or end I'm. More curious about it because I think it's gonna have a profound impact on the price of oil I do not think it's baked and I think. If we scrapped the Iran deal as president Ron thinks we will. I think you're gonna see. I don't know 75 to eighty dollar oil depending on what he talked about west Texas her or Brent and I think you're gonna see the three to three and a quarter at the pump. Rate now you're paying in what do you would you say your Pena added a record 20279. I paid I paid two victory of the day did you yeah. Well you scrap the aid the deal I think you're gonna see three plus gasoline. But our poll question is do you think the president will scrap the Iran nuclear deal even Texas if you like 63566. Is our text number. Or he can participate in our poll by going to financial exchange showed dot com. Right now truck 42% of our audience. Thinks that the president will in fact scrap the Iran deal. If they're the reasons I think he'd be not. Would be. Be very unpopular from election respect rate your year you Europe got all these congressman and a number of senators up for election in November. Makes it awfully tough on his part. It does I mean it potentially ads ahead when there during think yeah we exist at that that's that would be the logic for not. Rate not not. Scraping down. He's getting a lot of pressure from chronic Merkel is on her way over to try to talk him out of it well and you've already got you know other parts you know of the country that are concerned about things like NAFTA and so forth they lose the ability to sell in the next Goer candidates easily so you've you've got some things that are gonna come to a head the next month or two. That the potential of some significant repercussions in financial exchange showed dot com or 6356. 6356. It was a lesser ten to 63 Pratt's XX IQ. Up next for talking about a new hotel coming to the backed bay of Boston that's up. Next financial. Like us on FaceBook and follow us on Twitter at the FB show. Breaking business news is always first break here on the 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 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 -- -- 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. 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That number again is 8668485699. Or download it right now from their website legal exchange showed dunked on. Hi everybody it's very Armstrong and Jake two Lian we're talking about a program called Z rent. Now this is specifically. Designed for those of you who are landlords and used to collector checks. With paper checks are gosh maybe still do will Z rent a allows you to collect checks electronically. Jail is hoping he could spend a little bit of time explaining how easy grant works and why it's a big advantage for landlords. Absolutely buried so we we develops you rain too odd to me to Holdren you know because right now. You know with the landlord when you're getting rain checks. It's low it's unpredictable. Missing envelope the great line mostly waiting human neck get all the rent until the tenth or fifteenth of the month furthermore if your landlord on vacation in your racing you know boxed up to what he does is it really digitize it though. It makes the rent electronic payments and allows for roomy cheering for multiple roommates and apartments that's great if you're renting out to college student salute. It's predictable it comes at the same time every month. And it's all on me. So the landlords who have been using assisting huge time savings and ointment you are you still giving the first six months free for landlords the first six months or free and then in addition to that. If you bank at one of the participating banks he rent is always briefly. Those participating banks are meter paintings don't ask me up at that any bank could sign up breakneck if you at a bank in Vermont to Connecticut. They could sign up and become part is the rent yup you your if you have a community bank that wants to be a member have them call us and haven't sign up and the service will then be free free. All right if you wanna learn more about easy rent. Go to Z rent dot net even give McAuliffe he wanted 8776917900. If your bank doesn't offer it 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 an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word very to 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. We had yet another luxury hotel coming to Boston and it's going to be in the back bay it's going to be the corner of Stuart street. In trinity place 33 story build yet this is. Being put up by raffles hotels and resorts they're partnering with couple developers Jordan Warshaw and the Saunders hotel group and is actually going to be the first North American hotel and for the raffles group I've never heard it before. There they're predominantly opened up solidly. They are exclusively overseas predominately in Asia yes this will be their first North American property. Yes and so this is going to be it's going to be big for them and soon they they've had. Though the war sharper had these permits for the last couple years now but they ended up striking this deal with raffles late last year. And so this is going to be only the thirteenth hotel by the way the raffles hats and their there's a small brand at this point. They are high end hotels that occurring in the sky it's it's gonna be another one going up I mean it's in. Quite frankly this is something that Boston needs is more hotels and we do have a hotel shortage. This is no easy half hotels can be half Condo. Yet konduz are gonna go for pretty penny 2000003 million or more than that I would. It's immediate crisis thanks indeed they say oh well it's if there. Although he already bought his views on us all out there finally sold at a penny didn't say he was gonna sell this I don't call that. I don't like you I was gonna sell it. And bureaucracy. And you know the the good part about it is great increases the tax base of the city then it's a nice property. But you start to wonder who can afford it is becoming like Manhattan you know if you wanna be it is it is really a city of Boston. You have to be a very high wager to in order to afford you know and I care what you're talking about by an. Third story walk up bird or buying a Condo in some legacy you're going to be if your kid starting out today. I don't know how you do it to be honest we have to go to two of wanna like you have to be I don't know. Alston yet to go to brightens and you've got yeah code and Quincy I remember we don't go to you know a quarterback play. When I came out it was again it was during the financial crisis so everything was achieved them and we are ruining Beacon Hill and we are paying next to nothing for rent 'cause there's like no one wanted any of these places right we we can do that today you know the place that we would. We get now probably be like five grand a month that it did where was you know not even half of that back then now. Our poll question today is do you think president trump will scrap the Iran nuclear deal the reason we're asking. Is that it will have in my opinion it profound impact on the price of oil and gasoline right now 58 point 3% of you. Say that yes you think the president will scrap the Iran deal. He got pressure yesterday from front to not scrap it up. And Angela Merkel is coming over next week I believed to talk him out of it doesn't mean he will. They see. We we don't know we do it's if I think it's coat do you think there is age you know as perhaps caught. Looking for jobs new hires are getting paid 5% more than they were a year ago finally some wage growth. Yeah this according to was a survey or rather payroll data that's collected by eighty. And they found that new workers in the United States Europe five point 2% in June compared to a year earlier. What is interesting is that pays actually grown faster for new hires and for people who are staying at their jobs are switching so why we're all happy that doesn't make a lot of sense is because it's real low level entry level jobs and and though that's where you see the desperation on the part of employers I think it's also lets say that you have and existing hired it's making a 100000 dollars and they wanna 5% increase you gotta pay him 5000 dollars more if you got an entry level job that's paying 40000 dollars a year and continued paying 5% more toy NX six at 2000 dollars so I think I think that's part of it also. And look at we we know that the time that you enter the workforce is one of the most. Critical aspects to your overall earnings history can you typically go from one giant the second one any keep getting raises as you go bail from job to job there. And so is this is good news for people coming out of college right now or coming you would even out of my had a nice. Let's listen to the staff Tucker hires in construction. New hires that you're talking about entry level guys going into the field of construction their wages or six point 8% year over year. That's baked good time a good time to get into any of those fields and when he entered the trades right what you're talking about tight Federer. Electrician. Diesel engineer holy cow. Wages grew for seven point 6%. For people who landed in the information industry that's technology media and television also. Growing at fairly rapid rate sort of come back. Talk about Disney their hiring just how many workers do they need and where the jobs that's up. Next on the financial state. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Wednesday with zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more would you rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW -- he -- -- meant to learn more or call 7816418691. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That's a state and asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is Barry Armstrong Todd is an expert in elder law and taxation and he's been creating a state plans for folks like you for over thirty years there are numerous types of trucks that are available but the two most common are revoked global and irrevocable trusts there are major differences between the two -- before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family -- in Dolan has a free -- out this month on the differences between revoke -- -- 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. 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 offers very specific options to help you with your overall planning process having some back up plan this 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 an 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 offered through securities America incorporated member Finneran 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 ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally owned by your gold locally could just make sense of leader banker called and learn more or call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank a step ahead this is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of -- -- we're zero and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more -- -- rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent dot meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today you still Berrian jog right here on the financial exchange radio network. This segment of the financial exchanges brought due in part by a leader bank it's not too late to get a great. Raid on a home mortgage. In leader bank has some of the most competitive rates around call 8776917900. Or visit leader bank dot com for more information. We'd bank is an equal housing lender member FDIC NMO last. 449250. Joining us on the line is Mike Armstrong for Wall Street watched micro stock to lay up 20% today it's big day for them. Huge debt capital. They gave report earnings they record a profit to thirteen share which did really blow the consensus about the water most of expecting him buck 57. Revenue isn't lying. Big news with the comp store sales were up to purse 2.2 percent in the past hundred million dollars stock buyback program. As you mentioned yes stock is up 20% titles we've seen since the at last summer's when these peaks. Southwest Airlines down about 3% today what was the news on their front. They reported a somewhat disappointing. Quarter. They slightly beat estimates in terms of earnings. But revenue you know pretty much fell short of forecasts and they point to the fact that they've seen a slight decline in reservations in the wake of the deadly engines interaction they had to just weeks ago so investors clear that a little bit concerned about opera's right now. Down about a box if the electric sentence. All right thank you Mike. Mike Armstrong with the Wall Street watch Disney is looking to fill 3500. Positions ahead of its busy summer season let me tell you what they're looking for folks. They're looking for both full and part time seasonal jobs did bill. Housekeeping transportation life guarding and food and beverage teams specifically. Culinary specialist that means Cox and 3000 dollar signing bonus. 3000 all sorts of good relate to right putts are pretty damn that is impressive plus a good wage. Down says you have to work at Disney. Like the only thing that I could find being well going to Disney is working at Disney could you have to do it every day forever now let me answer the kitchen so it's going to be you know you don't you're not going to be against surrounded by natural and known if like when kitchens same very yeah they and they have I guess Angelina they have the best of everything. Twenty million people visited. Magic kingdom in 2016 you get discounts. Oh sure absolutely. The thing I've Richard etc. their employers in that and Mac has an answer right now. Sometimes there's going to be some cut employee discount from going there I don't know I don't know another industry that is complaining that they can't find workers. Is that trucking industry several companies including chipped paint maker. Nvidia and toymaker Hasbro are reporting how the shortage of truck drivers is affecting their business there's a shorting shortage of trucking. Drivers driven by the Amazon eats Amazon's responsible. For the fact. To. Nvidia can't buy trucker so my thought on it is that there's only a shortage of truck drivers at the wages that currently exist out there and though. I think if trucking companies said look we need to raise wages I think they'd be able to hire more that's kind of how supply and demand ends of working in a lot of cases so. I do think you're gonna continue to see pressure on trucking wage wage prices wages going forward. We saw that I believe it was in 2016 and truckers were the biggest beneficiaries of wage increases that if any industry in the country I think there wage of reps somewhere around seven and a half percent. I'd imagine we're gonna see something similar from last year in this year probably continuing to scan is. What you don't have enough truckers out there today. With a part of the problem is they have these electronic locking devices that took effect in December yup and that limits the number of hours that a driver can work. Previously. A driver may have started the clock only after picking up the goods. From a warehouse but now they have to start back clock. Even if they're just sitting there waiting for the truck to be filled out. Yeah and the estimates according to Watson industry sources are that resulted in a 10% drop in productivity years have pretty much like porn 10% of truckers out of the labour for out. Just as the existing ones can do as much as they used to. The trucker employee shortfall is expected to reach a record 50700. Last year. And possibly climb to a 174000. By 20/20 six. I wonder though you know the EU look at that and you say OK that's information coming up from the American trucking association. What's the impact of autonomous driving on the trucking industry. Well we don't have one on the road yet. So to this point it's it's nothing but you and I have level that we've talked to people who were out there and for the long haul stuff when you don't have to deal with a note turning into you used for the long haul type stuff. That's probably tuchman was in the next 23 years okay. Now the question is is it still going to be fully autonomous and you might still need someone with a CDL and there right just in case things go wrong Zardari for the next 510 years don't think yes so. Even if you have autonomous vehicles it might reduce cost some open I don't know if that reduces headcount that month. Chenault. It's it's an unhealthy job. Did he think about Wheatley if you're working his truck driver and sit and the entire time you sit in what 4050 hours a week just on the job. It's not like when you're in an office she'd get up and walk around your truck driving your satin. Yet you and you have to be paying attention you got to be aware is is you're you're the one who asked to be able to avoid all the bad drivers on the road. ETE talked any trucker. They're dealing with knee issues hip issues and back issues. So we across the board it's not agree job from health perspective. Estate planning and asset protection planning can be overwhelming and that's why you need to call Todd what ski a partner with the law firm of Cushing in Dolan. Todd is an expert in elder law and taxation. And he's been creating a state plans for folks like you for the last thirty years there are a number of types of trusts that are available but to the most common. The revoke bull in your mobile trust there are major differences between the two so before you put pen to paper. Don't get some solid advice from someone who knows and can advise you on the best path for you and for your family. Cursing and cursing and Dolan has a free guide out this month. On the differences. Between revoke bull and irrevocable trusts and you can get it right now by calling 8668. Foray. 5699. The guy can even shall we how it's possible to eliminate your state taxes while protecting assets from creditors and long term care expenses. Call right now to get this free guide at 8668. Foray. 5699. You know you look at the market the stock market's up a 190 points today unemployment is at record low levels however. Since 1913. The Dow Jones Industrial Average has fallen an average of twenty point 4% from the highs reached. The year. Following a presidential election to the lows carved out. In the mid term election year this according to data compiled by Scott friend who's a senior global equity strategist at Wells Fargo. And what we're trying to four Tel is in anticipate. You could have a lot of downside volatility in the stock market between now and I would say. November mid November of twenty ET. What's interesting is so let's say that you do CBO an additional 15% dip in in the market OK okay let's say that you saw let's let's take a worst case merits of these a 20%. Stocks were pretty cheap at that deal you know its way with the earnings growth that we've seen to this point. I don't know if you have a market that's nearly as overvalued is was a year ago so does that clipped. A a cushion and it does that put a higher bottom and on stocks I think to a certain extent and keep in mind that we still no other place to go is there. Well it's who we still see that there's a lot of money that's still on the sidelines you still have all of this cash that's coming back and going in the form of buybacks and dividends and things like that. It's it's tough to make a long term bearish case for stocks right now you can certainly make a short term and I I think he can make a short term case that would give a couple things break the wrong way. You can easily see a fifteen to 20% dip in the short term so it long term investor could use it as an opportunity to bolster their portfolios it's tough to be bearish on stocks long term at these prices you know it's you look at Germany say look in the short term. Yeah you get absolutely season downside. But if you see it at 1520% dip from here I think it opens up all kinds of value you haven't seen in a. In very little good. Boeing already makes. Billions of dollars selling airplanes now it expects to make billions more fixing this a story weaned from the CNBC last night. Yen Boeing had us spy on Al it's it's services business last year. Just in terms they're counting. And that's services business is business brought in three point nine billion dollars in revenue in the most recent quarter it's up 8% compared to the same quarter. A year ago. That is also grown twice as fast as the overall market for aircraft services they've got something pretty good going on on this side of things in it seems like it's a growing business for them that they're gonna be able. To really ride this wave over the next decade and especially as you continue to see. Lot of places that might not have had. The same the this year and number and volume of flights going through the up that there are expected to have places like the Middle East and Asia and so forth that are really expanding as far as air travel goes. I think they're all kinds of opportunities for Boeing to sell into those areas and then perform the services on the back end. Yes remember Megyn Kelly yes death. She signed a huge contract with NBC 69 million dollar contract. We'll be talking to Joseph Flint from the Wall Street Journal the next segment to talk about what her impact has bin. On NBC. Is about a fact it may turn out to be exactly the opposite of what they hoped for that is our next topic 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. 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 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 reputable and irrevocable trusts 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 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 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 even send out annual interest payments directly to Tenet's -- call the Z deposit teen to get started at 7816418691. That's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank step ahead I. Oaks it's Barry Armstrong and I'm 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 global and irrevocable trusts. Todd what is the biggest difference between Ruble global and irrevocable trusts probably the most commonly asked question. Probably. And first all I'm gonna tell you that there's many different kinds of irrevocable trust its not like just one line call and so that's what makes it hard that are let me let 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 tourists know the ones are we try to protect assets from the nursing home. So if I was to compare that kind of and your vocal trust with a revoke of trust and there really biggest differences. The irrevocable trust a protector ass as arsenal the Reebok abort 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 meanwhile or lots of wealth and end their self insured because they can pay their own way through the nursing home so how much money you have to have me you'd be like we define rich force I don't ask for 10000059. The estate tax laws as high as they've exemptions have gone as high as they are saying you know 34 million dollars or less you'd 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 that you have. Regarding revolt Kubel and irrevocable trusts. The phone number to receive the guide is 866. 8485699. It stole 3866848. 5699. 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. A lot of people may have forgotten that they could Kelly was still on television because nobody watches are anymore we're joined now by Joseph Flint from the wall street journal of the talk about the 69 million dollar wager on Megyn Kelly. They Dojo. Great story great story I have no idea. Just how dramatic. Her decline has been and in the negative impact she's had on NBC. Yeah I think it spend it any interest in you kind of that'll look great got a pretty ride from the from the there's certain that a lot of are you about the show Barbara reed has been important you know. I do think this is the burst at a real deep dive into the numbers especially. About birdie. Or show got to live. Where in the aftermath our lap mode it made me. The initial numbers went up the kind of caught the tail wind of that and also the Winter Olympics to keep everything at a dispute who go out I think that. And I'll let a lot of people you do what they generally believe that she was biting herself and her numbers. Word stabilizing. And actually go up a little and then the last. But we did that a dramatic debate they dropped out basically where they were moved back you go back actually. I was a theater numbers adults 2554. Ratings down 28%. I mean if they had invested in 77 million dollars in her. One would think they'd pull the plug. Wasn't what would that be wondering if right of other so would get that or at least given that record. Later. I ended up to speed interview restored she knew was not going to be flattering and she was saying that. You knew it would take I mean they're giving her a long leash. And certainly that that night but badly we don't live in yeah Europe where. That side to be given the way lord. To date myself here thirty years ago whenever you have three networks and ample cable channels you could keep both shall live and let it ride it out over outlawed. You're you're the art and see where the numbers don't. In this case especially given. The dramatic drop from what was there or I think you have that they can do there's an audience. To break. So do you think that she was just a beneficiary of the format at fox and then when she went to NBC where the format has dramatically different. That you know she had to stand on her own towel too like how does this happen in the shoes of a star would choose at fox. Well certainly he had a big crowd and the platform partners no doubt about it and what part of the eighties there are sort of murderer's row right. People between the park go over and shot and Jay was right in the middle that. You know of that damage at about pretty that didn't. Get a big audience well as well that certainly didn't hurt but seeing. Wanted to do something different it and there's nothing wrong with that way. She was a pretty good and NBC that I looked like you wanna be cheap but in the spirit yet. And one could argue that they rushed wary cute it wouldn't admit that it didn't look very different world going. And you've seen dude show where we. Law yet. Quick interviews we've yet about political topic although it used to it although interrogating our dial which yup. What a morning show where people want the off the would you you'll connected. We're late. Your acting that relate ability is something that. Is up in an up or. A first person to try to. You know it'd be Cho in and buying the audiences are. Ready because they were circular in her review. Numbers and of course. One day the other issue Jolie she's having tough time. Getting good guests right because the it after the way she treated Jane Fonda. Has kind of blown up on her because now the publicists Waltz and there A list guests to her show. You don't have a problem getting get the bodies they'd be they all law and that well they missed was never going to be about the leopard yet we go on itself or. I feel all of that may be true but I also feel like there's a little bit of reverse engineer. The puppet. Audience in terms of getting people and yet that may it was going to bury in and I think at least be under estimated at a little while the entertainment. Being. There's the entertainment industry. Primarily the Barry left. In the about a network. Barry right hand it they were just going to jump in it and great irked because he's got him being out. And then. There ever met being wet the first week. And she got them back flat or going they at least he was trash talking you know I would have gone though I've only got. That. But it ain't got that being part of and all that you are. And it needed industries that sentiment about her and that is what they wanted the Arctic. Joseph what are you hearing from the local affiliates of NBC. Well I talk to you know a lot of bad air and only you know only and people were really develop a record but you know not happy with the number. You know we don't have the very that they used that bat with a network you guys are bought in you know NBC. With that in the I'm with their affiliate in one of the eye that they're Asian they didn't want a belt or BC what grade they're all little people. And even though at these numbers are only doubt it. In Boston compared to when seat they had their traditional billion their there they're domestic. And affiliate in the past you BR been reporting all along I've. Opponent and that you do but barker old boys would be much more willing. Bought the record day and talk about their concerns are our program and Jay Leno would move. The at a spot we've. It is that there are we billion. Outcry about that it would have been doing their eleventh yet news that these are people applaud. So they're not happy but they're the yes they're being patient or. Very good Joseph thank you very much for your time we sure appreciate it. Perhaps Joseph Flint Wall Street Journal tough business. They and he's seventy million dollars it's I'll guarantee that it's not like an NFL contract they can cut. You know it's interesting I think it's just a case where the the skills that making Kelly hadn't weren't necessarily great fit you know she comes from me and none at all the different background it's a prosecutor. I view this late when you hear Bill Belichick talk about well there's a role for each player on the team and they need to stay you know kind of do what their what their best that. You'll put a running back wide receivers so wide. Why did Z that had to be on that they thought that that star power in her name would be enough to overcome the fact that this is not her natural talent too now and it's. Thus far hasn't been the case doesn't mean it won't be. But they put her in a role where her talents to match up with that she's having a great deal of difficulty when your ratings are down 28%. In the critical demographic. What I I don't see how they can leave her in that spot much longer. The Dow is up 223. Points crude oil is up about 34 cents a barrel and we do have a poll question on our website financial exchange showed dot com. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval. Leader bank a step ahead if you're doing yourself investor the arms during advisory group offers very specific options to help you with your overall planning process succession planning sometimes overlooked when you arranging your own money call now for our new guide at the talks specifically about how to plan for the future of your DIY investor the number is 803934001. That's 803934001. Or downloaded through our web site Armstrong advisory dot com securities are produced series American corporate remember -- recipe seemed advisory services offered through securities America advisors incorporated Barry Armstrong represented Armstrong advisory group the securities America companies are unaffiliated. The 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 -- and irrevocable trusts there are major differences between the two -- before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family Cushing and Dolan has a free guide out this month on the differences between -- global and irrevocable trust and you can get it by calling 8668485699. This -- even shows you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses call right now to get this free -- at 8668485699. That's 8668485699. 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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 that I hear it varies a lot and the problem you have is that other person is usually not comfortable handling. This entire retirement plan they put together together. And again today need to have a back. 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 seem like super easy while you're still working but at that point you know the primary goal is saving once you're you know in retirement perhaps over the age of seventy have a lot more things to worry about from a tax perspective required minimum distributions capital gains. All of these different factors that really come into how you invest as a retiree. Folks the good news or strong advisory group has put together a free guide to these very issues it's titled. The importance of having a backup plan for do it yourself investors in 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 it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. Let's step head stayed in 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 planning. Do you need a remarkable trust 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 -- to 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 download it right now from their website legal exchange showed dot com. I'm from bank the pays you would later megs of reward accounts can 1% cash back with a debit purchases and an extra 10% back when you use your card and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass residents only these may reduce earnings rate subject to change without notice member FTSE. Leader bank a step ahead hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manager owned investment portfolios today I wanted to talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this 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. Or you can download it right now from our website Armstrong advisory dot com -- Terry suffered two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. And me. This is the financial exchange with Barry Armstrong and chunks of us. You're exclusive look at business and financial news affecting your day you're sick leave your world and stay informed and up to. It's about the economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck saga. Well many of you have acknowledged that you're paying a little bit more for gasoline when he paid for gas I don't know 280 to ninety gallon. Well it could be going higher or talk about why gasoline prices could be going higher in the coming months. Then we got some good news as it relates to opiates. And then finally the third story will cover in the first hour that second hour of our show today. Is why high flying US home prices are seen getting just yet another jewel tight everybody it's very truck with you here on a Thursday morning and first thing on talk about is oil. Knee that the president. Has promised to scrap the Iran nuclear deal now he is being influenced shocked by a. Never president across a lot of people are trying to talk about just about ever. You know you you have the president of France strand talking about and the miracles can become an overt next week I believed chat with them as well. Yuppie Trudeau's trying to talk him into. Yeah I mean you've got to treat us like Jack and blow it up you you've got you've got voices on both sides that are talking about theirs. I'd put it probably 5050 chance that he scraps of lake I think he probably does but I don't think anyone really knows for sure no I clearly nobody knows but. Our poll question is do you think the president will now I want to make sure you understand the question not whether he should scrap the Iran nuclear deal but do you think he will. Because political. It's going to be very unpopular. Quality is something that's going to raise the price of oil and their for the price of gas heading into mid term elections speculation folks is that it could raise the price of gasoline. To 325 again. That's already hot. Yep it it. I hope it stays that high for that long because I think there's other capacity that can come on line to offset the area in the next three to six months but in the short term and short term earlier you book here's the thing though so let's say that they decide that they're going to cancel this deal in June. Three months later it is September your break into election season and prices still are starting to come down and not necessarily back to where they wore them well you know the reason I said Trudeau would like seems properties and Canadian production back up we have right yeah there's no doubt about it lot of Canadian production went offline. Our again our poll question do you think the president will scrap the Iran nuclear do you go to our website financial exchange showed dot com thus far talker. 61%. Of our audience thinks he will scrap the deal. 38% saying no Truckee think it's about 5050 shot. I date and I think it's a coin flip. Our our website address financial exchange showed fewer text us our text number 63566. Here in the studio. Finally some good news as a relates to opiates. You know the prescriptions for OP woods dropped 12%. In 2017. Believe that's the biggest decline we've seen in hope you aid prescriptions. And 25 years yet is is going to be somewhat I think evade delayed reaction here a lot of the people who were suffering from. Hope you and abuse today. They are people you know who might have been prescribed 345 years ago or regionally and in they've been in this cycle for awhile so. It's something that I think is a positive long term trend deceive the the prescriptions dropping four OP UH. But I don't think it's going to necessarily have a measurable impact today on. No I think what they're suggesting the story suggesting that in increased the labor participation rate I mean back in march of 20 wait. The labor participation rate was 66 point 1%. Today it's 62 point 9% and that's something in the navy that that's that means more than there's a 3% differential in terms of the number of people. Working and trying to work today verses ten years. Yeah I mean keep in mind part of that is due to aging. Nobody knows I didn't hit that about half of it is due to aging that also means half that is due to not each you know happens remember that Princeton study yet that we we know that Obie awards are major impact on this. If you look at the US median age okay that this is fascinating by the was a back in 1965 this according to data from op pew research yup. The median age in the United States back in 1965 them was 28 point one years old cat. That's on the baby boomers are coming out today OK this is actually at least as of 2015. You had risen to 38 point two years while. So what is the difference don't go with what some would the median age Bakken 65 was 28 point one years yup that was the middle person so there's 50% on one side of 50% in the USA today. In 2015 it was thirty point two. Ten years and it's expected to rise over the next thirty years to 42 point oh well that's why workers are gonna get paid is because there's going to be. You know you can't expect an eight year old to go to the opposite you at some duke because they. They're in great health still on summer able to in the well that. But there's an awful lot of eight year old that their health is failing them they don't want to notes that there's some that are doing it because they have to right their sum that have to but even. A lot of them can't necessarily do the physical labor that they used to BLU you don't see many eight year old welders now. Now notes is the nature of the beast. Soaring costs for building materials will continue to bolster home prices he says it's a fact I mean a whole prices there. Are up over the last year in twenty major cities tracked. Home prices were 66 point 8% in February it's the biggest year over year gain since June 2014. And you've got input cost going up what it what's going up the price of lumber right. Race commodities relate to the house but in what do we say on construction costs and and workers worker wages all the input costs or go now. We wages for so if you're thing about this if your contract we have somebody who who Texas about this earlier. If you're general contractor. Or if you're a but running a crew. You may have been able to hire an entry level labor for fifteen bucks an hour last year. Now you have to pay 161718. Dollars an hour to get back. I I look at all of this that we see and Amy I. I've said this for the last six months I think I think the Fed is behind the curve on inflation I don't think. That they have a good handle on it and I think they're going to end up having to raise more rapidly than people think. I think there's the potential as you go out I don't think this happens this year but I mean if you go out eighteen months or so. I I think you have to be real potential for stagflation with this economy can what does that mean. So if you think about what stagflation is too low growth high inflation economy last time we saw as was the late seventies early eighties kind of connect. The reasons why it happens are that you have a decrease in the supply of available goods in this case one of those decreases the supply of labor. OK you also have potential. You know restrictions as far as hey we're gonna have tariffs on different areas and so that reduces supply and adds cost as well now. At the same time you think about the factors that produce growth there's two ways to produce growth you need to increase the number of hours worked. Or you increase auto repair eight increased productivity. We're not seeing increases in hours worked we just talked about earlier participation rates still not really climbing a whole lot. And you're not growing the number of people rapidly and often we don't have been of people haven't kids were reducing immigration. And productivity has been stagnant for the last eight years and it seems like you may end up in a low growth high inflation environment. As you get out eighteen between four months that with rising mortgage rates. Think that's where I think you could be heading here now. You know it's it's a K I I think there's a legitimate chance that you and a petting there what ends of doing well in that situation it's real assets and inequities tend to do well. Do that yeah that's that's what it that's what you won't have those type situations. So long California and cyan Nara New York one of the ping what are the ramifications. Of the tax bill. That passed in January is. Blue States like well let's not talk about a few Connecticut New York Massachusetts California. They're going to suffer population declines. Because of the accident so I figured see a lot of people leave those states I know number of people. That have left Massachusetts and left Connecticut and re domicile in Florida because there's no state income tax I. Every great stat on this by the way I was talking to while mom mom yesterday that they're down in North Carolina they moved down there for years ago they've been one of the groups that left the northeast because of via the cost of living and so forth. There was a step that was in the newspaper down there earlier this week. 46%. Of North Carolina residents weren't born there that right 46%. I wonder what it was I went with that number North Carolina was thirty years. Definitely significantly lower I'd imagine very you know back to Florida right thing about Ford how many retirees. In like we have clients that do this they'll come to us and ask themselves say well gee in my retirement incomes going to be 15200000. Bucks a year. And I'm thinking about re domicile for how much would that state meaning content you know with the single biggest convention is that has triggered this was south as far as where people of the air conditioning via as those places were previously in hospitable this summer. You couldn't live there. Yeah but I. I think a lot of people are a lot of people's Albert's right that they'll do 67 months in Florida then for five months appear there are some but still a lot of people live down those places full time just as they can afford to necessarily have to places or even rent you know place in the summer winter depending on where they wanna go. That's why all this southern states are growing in terms of population. Of northern states. Not growing very big they're growing but not very much that is rapidly some you're southern states are growing populations to 3% a year you're northern ones are lucky to get one now. It's. An interesting time to watch the migration of a lot of retirees to the southern part is not just retirees these businesses are relocating again you look at. Some of that big hedge funds. They're relocating out of the northeast and they're going to states that don't have the big tax what happens eventually though those states and up the cost in the going up in those states as they need to spend more on infrastructure and more for the you know on the people that come in yes you've seen this out in Colorado where Colorado used to be a very affordable place for people to move. Good look fund to place Colorado these days it's it's gotten the last three to five years so much movement has happened out in that region. That each is no longer affordable. They when we come back we're going to be talking about EB five visas and each one B visas that's next on the financial exchange. The financial exchanges lied on FaceBook and YouTube watch Berrian jog do just the issues of today 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 do with all the different types of drugs 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 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 rebel rebel and irrevocable trusts by calling 8668485699. Making 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. Downloaded right now from their website legally 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 -- disk called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank step ahead. Hi this is Barry 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 want to talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this but they have a new guy doubt that talks specifically about how to plan for the future if you're managing your own portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Juries are with the securities America incorporated members in as the BC and advisory service is -- with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities are two companies are unaffiliated 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 a state claiming. Do you need to read a double 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 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 there's 8668485699. Or downloaded right now from their website legally exchange showed dot com. We wanna hear prove to. Stewart Barry is 63566. And let us know what you think about the stories we discuss George due to the financial exchange radio network. Joining us on the line right now is right Chris from CNET here to talk about Alexa in what is coming in the future. From the voice activated platform and right thank you for joining us. Let's talk about the development that's happening right now at at Amazon on Alexa. For Buchanan future products one of the things I found amazing in your story. They almost had to build robots it seems in order to teach the robots is that right. Are yes sort the the speakers and their party elected at night and today had a couple quality assurance that. The unit near that he product life. Both candidates elected experience pretty there's been out of these priority devices but also picnic you'd be. Developers of the site is and freak you out and are irked by four the pop up. Net or at all these devices and to so many of them. It's not bankrupt if we get elect in make it possible. That saying it would admit though custom over Obama pride the speaker around. That's. What the but yet they're they're very aggressively acting thing that is certainly in the attic is. It back. Now it seems like to this point a lot of the production a lot of the sales of come direct through Amazon they've done you know all the manufacturing they've built the products and they've been branded as Amazon speakers in a lot of cases but it sounds like they're old to partner out with additional companies in ordered a matter of licensing out the technologies the right word but. Allowing it to move beyond just the Amazon ecosystem is that right. Yet that's absolutely right and I think it way to think about it in and it and not really you elect and operate. It went. Microscopic windows the you know to me like he'd been elected. All of a laptop. That it wouldn't have not Taliban about what. Elected to operate in our poll. It. Shopping on line. In summation. It on elect that everywhere. Many possible to. Oak. Area period it is in there elected an white. So their viewing this in in such a way that you next Smart fridge if you wanted to have one. Could be powered by elects is that is that an example what they're thinking. Yeah he had a back seat that. Example the the alt key part in your record as that a little later this year that. That mark but the bridge sort of like one and I'm like this bet on it that Arctic. Oki is it's a leopard elect. That may. Partner up to use this app is it technical. Ryan is as you start to get more companies that are using this as an operating system and as a platform. What what does Amazon potentially do in order to make sure that the information that's captured by these Smart devices is kept safe then. There would be questions. You know I think that the technology will be both bad what about. He's always been there act that but while the Internet all the nation that we that we weren't lined up. Pat outlined and avenues I would you know now what the and argued or pay they'll be retain the crips everything. There's people and it's better that it. You eat the backlog. Working when you ask a question. There is acting. The you can beat those big like that that there and they want. Those aren't the protection that it. You know it hasn't it been talked about a lot but actually stop you buying pot yet if not it. Huge batch at brands aren't out yet but one and very well. X.s and it's been popular. He turned out there. You'd like whatever it is not doing you were those were not the market. Or you're right thank you for the time in double catch up with the soon. Think what it but that is right Crist from CNET talked about the developments currently going on in. Elects a war. They wanna be O that you eat they want to be able to control the temperature in your house like you wanna be of the state elects my friend Ernie has. Does it buy into that turn on the oven. That set the temperature sixty degrees or whatever. Yeah they they they want all they wanna know that OK you just turned down the the heat OK here's where your sweaters. Like that's that's where they want to go with he need new socks down you've been wearing those for the last year and smell them. I think it's it's finishing technology it's not the easiest to use and connect. What kinds of kids when did you get yours. Maybe a multitude of what kind of things do you have to do and around the house. Primarily telling me what time to get out of bed. The company elects and and and Turkey gut earned one and you face a new one and on you've got one and a dot also I'll have a dot justice dot net what we're kind of stuff do you have yours her around on whether weather's a big one music is issued one setting a kitchen timer. Yep all of those we got a great coaching tool do you but you don't have a set up with Dolly the lights and he'd known that you know I don't have a data Smart lights yeah I expensive though he has not sure it's very expensive. Used to buy special bold you'd be surprised it's not that that is I'm numb life my friend did that. And didn't spend a ton on its. Now at any rate it's. It it's not terribly expensive. And I think that's where they've been Smart as they kept the entry level price low as compared to apple if you look at the apple product my gosh is it sensible for a lot of people well and and it doesn't do. As much paid in by at least my impression is it doesn't do as much but it's what 350 bucks that's crazy or is Alexa was like he bucked. You know it. Partners curious how much money there is in the Smart home in the long run you know it's and whoever own wants to be in there Newton. But I am curious where that where the actual margin is there is not on the device they don't make any money on the device neo in the device they effectively sellable losses there there. Banking on the fact that hey we can make this up on the back and some. What I haven't learned how to do maybe you have to record you figured out how to say to elects. Have some. Battery shipped to the house war like it if you were learn he has Alexa for quarterly I think I ordered once this year daisy. And it's not the Indian the issue there is it's pretty easy to do it on your phone to listen. Sure yeah quietly and then you'd see the item ordering in Mickey can confirm the sending it to the right guy he's a let's say your phones in the other room for some reason you can just say Taylor to order me some toothbrushes at some point yeah you can't you tendon and perhaps people are using it for that purpose. I haven't yet. When it comes to budgeting friction isn't a bad thing. You know in what Amazon wants to get rid of frictions that you buy stuff that you don't let out early and you write us with outlook you know. Friction is a good thing when it comes to making Smart purchases while it is and you know it is if you're buying a two dollar item you really unit checked the price no use in order know that thing is if you bind bigger stuffy Visalia ordered me six pairs of underwear will -- you don't know how much you could've saved units are worlds right. The up next we'll have trivia for you. That's our next topic on the financial exchange tribute today. Is based on polling so bone up on your knowledge of Boeing's. That's our topic for true. The financial exchange is alive on FaceBook so make sure like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. It 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 -- 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 -- available it's understandable that there can be confusion when it comes to estate planning do you need to read a global trust you need an irrevocable trust if you don't know the difference you need some expert advice and this month -- in Dolan has put together three -- that'll help you decide the best plan for you in your family you can receive this free guide the differences between rebel Kabul and irrevocable trusts by calling 8668485699. Picking -- 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 -- right now from their website legally 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 give leader -- a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank a step ahead time for banks that pays you with liter maximum reward accounts of 1% cash back with -- debit purchases and an extra 10% back when you user carted -- 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. 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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 wanted to talk to you do yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this month they have a new guy doubt that talks specifically about how to plan for the future if you're managing your own portfolio becomes the complete do yourself checklist are you 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 SA BC and advisory services are securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are. Unaffiliated 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 trusts. Todd what is the biggest difference between revolt global 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 just one kind girl and so that's what makes it hard for her let me let 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 and your vocal trust with a revoke of trust and there really biggest differences. Irrevocable trusts were protector acids from the national. The Reebok of trust never will so why would somebody user revolt global trust. Over and durable trucks there are times where people have either enough long term care insurance or what did well or lots of wealth and end their self insured because they can pay their own way through the nursing home so how would they were uneasy you have to have me you'd be like we define rich force I don't ask for 1000005 nines. What estate tax laws as high as they've exemptions have gone as high as they are saying you know 34 million dollars or less you'd probably still going to be considering in your vocal trust if you're over 860. The state planning expert at Cushing and Dolan have written a brand new guide. They'll answer the most common questions you have regarding revolt Kubel and irrevocable trusts. The phone number to receive the guide is 8668485699. It's ovary. 8668485699. You can also download the guide. It legal exchange showed dot com or call toll free 8668485699. If 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 textbooks tell us what you think 24/7. Break here on the financial exchange radio network. It is time for our top deals trivia question today and we're talking about Boeing. And by the way bowling had a terrific quarter. I don't know if you knew this and chalk it. They're rate now 101000. Boeing built commercial jetliners in service around the world they are present about half of the jets in the year. They are also why have the most. Most copies of any plane in existence for any commercial plane Boeing 737. Is the most heavily built plane in the history of aviation that's when the southwest buys almost exclusively as a result he was only uses 730 sevens but they just part of their business model and it was brilliant because it meant it was easier to service their planes around the world yet and and Boeing actually just sold on March 13 this year they just sold their 10100737. Ever. Idea. Their corporate offices for Boeing are located in Chicago. And Boeing employs more than 100 in 40000. People across the United States. Here's our trivia question in the first listener wins a fifty dollar gift certificate to the obvious or text line number is 63566. If it's the first time texting us you have to put my name first Barry here's the question. Which state. Has the most Boeing employees now they have employees all across the United States. Our trivia question is which state has the most you have to know how many just which state has the most Boeing employees across the country. And again our text number is 63566. And we'll announce the winner in I don't know ten or fifteen minutes. Lot of abuses that are available through. Yeah in order to get into the United States. Let's talk about the EB five visa what is the EB five. Yet the EB five is a visa that is given to immigrants. Such that they can receive a green card as long as they invest at least 500000 dollars. In create at least ten jobs the United States so it's a it's effectively you're saying look I want to get a green card and I have the money to pay in order to get a green. That are having their bin a lot of scams released error unveiled as relates to those programs there there have been a few OK and there's been a few was that have been pretty significant as far as. You know just the impact that you've had on some of these there was one that was. Down in Miami it was maybe two or three months ago where someone had to end up settling. For it was like each year ninety million dollars with the SEC because of EB five visa fraud. And so you remember something in New York I think there's something in Vermont there was one of Vermont was the JP. As one of the resorts up there I can't remember which one. Betty it's. The effectively you know this was this was the Miami when yes and it was a Miami businessman who was he was running that EB five scam dad Jay peak that's what it actually was look at and so was they'd be just settled that for 84 million dollars what do they allot like five or 101000 of those a year. It is it varies based on the given years the big thing you're seeing right now is that there are a ton of applications coming from India and okay. It applications from India are up 17%. Year over year for these EB five pieces. And so there's just been this huge growth here. In this demand for these visas which. Look at you are. You know looking at this from the perspective of page it was this say about the overall climate in the US as a lot of people want to come over what you're US there will spend the money also if you're rich Asian we said this yesterday if you're rich nation the big status symbol you can have is now very. And companies that put together these visa applications there's one. Called stepped America that is seen a 200%. Increase in inquiries about EB five pieces. From Indian clients in the last six months the H one B visa. Is the one where you are a worker nodded not about I guess that and that's the one. That was criticized because it's depressing wages for American workers won in Europe the case you know with Disney where they were effectively train their outsourced replacements yeah in some cases. And then there's also what is it the what's the one sport temporary works at the but this tunnel and I just migrant worker I can't remember which one that is Richmond's. I don't know. They quick announcement on behalf of leader bank if your landlord or property manager I'm sure you've heard me talk about you rent. That's leader banks tremendous on line rent collection program. Now I'm excited to tell you about their brand new product called Z deposit. This is another. Free program which streamline the opening of tenant security deposit accounts through a totally digital experience. With Z deposit landlords can open an account on line. And invite tenants to enter 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 it will even send out annual interest payments directly to the tenets that's a big headache for landlords. It's easy to get started just called Z deposit team at 7816418691. At 7816418691. Or visit them online at Z deposit dot net. Z deposit is free for everyone. So called today and make it that much easier to collect and manage your security deposits member FDIC leader bank a step ahead. Here's a stat that I came across that I thought was pretty interest in. Of high school graduates across the country faces talker. 70%. In role in college less than a year after graduating from high school. Lot of studies show that might not necessarily be the best. We need there's a lot of studies that show that students that take GAAP peers and go do was some work during that time and have better outcomes in college actually it's very uncommon isn't. Today happier pay as you like gag. I'd leased so there's some my neighborhood there are a lot of schools that actually almost required now like Harvard almost expects its students to take a gap here is that yeah well and most Harvard students taking GAAP Q why is that a good thing. It gets people real world experience before they go to college and so they understand a little bit about what the workplaces like they also can understand okay I thought I wanted to be going into premed but I did. I worked for a summer to doctor's office and realize actually hated the work and so. It gives you better outcome as far as being able to find studies in college that you like and that are actually can be productive toward you future instead of just saying. Well I'm here I guess of the study BO sociology because it sounds like you know that's what everyone else yours to. Let's got to be good from them just. Even if you don't find the direction you want in your college studies just from the maturity stamp out here on the yen at late morning and about to human beings I just think about a lot of kids right. You know he saw them when you're there. Better. You know nineteen years old eighteen years olds the first time away from home and I was one of them. I probably would have benefited from a happier and me it's a lot of kids I do. One of kids went to evil on down in North Carolina. And passion must've been a dozen kids got kicked out. By Columbus. By the time we elect a parent's weekend and all of friends were gone a lot. The a lot of kids had been thrown out of the school the the other for behavioral issues the other thing that I look at just from a financial perspective it may be take that year work but he still looked at home you could save some money so you don't take as much on terms loans. Yeah but you know that's if if you say OK look enables save 10151000. Dollars in that they can help pay for college lot of countries have mandatory military. Experience rate I guess South Korea. Israel they'll they'll say do you you graduate high school you go to college the first got to do two years in the service. Yeah there's a number of countries that have and I think the two arguments near the two that are kind of highest on the Protestant. But when you go through the other ones that are out there as far as you know mandatory service in in some way shape or form that's not a bad idea either. No mean in some of them but there's a number countries that being over choir more than two years South Korea does. Israel does he mention most the other ones are not necessarily developed nations is not a strong history. On that side there are a lot of countries that require one year. That you know do kind of fit the bill they're Sweden requires nine to eleven months of service. Brazil nine to twelve months you know whole bunch of other ones in that area. Do you learn some basic skills yeah. They coming up will have the answer to our trivia question if you still wanna play. The question is. Which state has the most Boeing employees are text number is 63566. And when we come back will be talking about why forward is getting out of the American car business that's coming up on the financial exchange. To vote on our daily poll question and financial extreme show dot com while you're there buyer of the media player and watch the show while you work. This is the financial exchange radio network. 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 on line 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 this call the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank a 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 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 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 trusts by calling 8668485699. Picking -- 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. 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 -- 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 each member 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 with too dumb. But it's easy to text we've got an excellent running when you can tell us what you think right now by texting us at 63566. You skewered Barry and join our exclusive club this is a financial exchange radio network. As of January 1 when he eighteen Boeing employees 65829. People. In the state of Washington. Missouri has the second highest number of Boeing employees at thirteen 1707. While California has the third largest Bowen workforce at 121679. The winner on this question is Michael from Chicopee Michael is taking on a fifty dollar gift card to Dhabi owes. And obvious as nine locations throughout the East Coast with five locations in the Boston area. Including Braintree the South Shore plaza and also opening its first West Coast location. In Irvine California this summer w.s you can enjoy seasonal cocktails handmade pastas perfectly cooked Brandt beef stakes as well as fresh seafood. And salads expertly prepared using the finest ingredients at Dhabi knows it's all about. They guessed so forward. Getting out of the American car business I saw this last and I thought it was almost a prank. You know anything about bordering the full lineup are vehicles I know they make all their money on the trucks. Yeah when it when they say they're getting rid of they've the American car business they don't mean they're gonna stop making cars in the US or stop selling cars in the US rather they're getting rid of Saddam's that's effectively what they're doing the fusion and tourists are going to be gone that's that's the big news there. And they are moving pretty much exclusively. Two sport utility vehicles cross overs and pick ups. But the mustang and keep the mustang they'll keep him Austin is that people like that her. You know my mustangs won the most iconic vehicles out there early tells the you know we talked about the reduced appetite for civilians. You see a major car company like Ford getting out of this today and business down I mean you see fusion is all over the world are now it's also just that they don't. Make as much money on the stance right Betty a lot of times a music they wanna push you towards the more expensive vehicles so it's. I don't know I've always driven sedans and stuff like that they that force I leaving Amy making any whack installed going to be crossovers suvs. Which seemed to city. Hit and run crash deaths are rising nationwide and pedestrians and bicycles account for close to 70%. Of the victims escorting to a new report. I tell you what EC a lot more of bicycles on the road and I we all know somebody who's been knocked off the road by car whose right now advice. Yet in 926 team they were 19180. Fatal hit and run crash is. Around the United States 68%. Of those so about 14100. Were cyclists or pedestrians so there's about four a day. That are killed in these hit and run crash is unfortunately. There was one rate down the street from where I used to live in Somerville and where young woman on a bicycle was just you know hit by a driver rubio went often that was that was it. You know it takes its awful. Traffic related fatalities surpassed the 40000 began last year you we've been down in the low thirties for a number of years and then people started texting and driving well it's that indeed think it's also the number of increased drivers on the road that that's got to having yeah I mean with the economy being better you do have more driving more mileage that picks up then. So that's apart but it's if you talked any law enforcement officer needs texting and driving has sought to more this week or send up to New Hampshire. And straight sections of road and UN cars that. I had gotten into real tender him not front fender benders but you know rear. Impact accidents in the only reason that happens. Is if the person behind it is following too close or texting and driving me I guess it's just it's the home. It happened to be all prevented me as in the city and this woman hit me from behind. And sure enough news honored ample. Didn't didn't do much damage just kissed does the rear bumper. Yep. I think our lives would be so much better forgot to these Smartphones. I agree I totally agree just get lake get rid of small happen. Never happen papered my next phone might not be a Smartphone you know chuck I've been thinking about the I don't know if you seen the push that Nokia's been making. I know I have a day they're still making these. If you will dumb phones the phones candy bar phone yup yup and I Americans emitter and now there's another company called lights if you wanna search several court. It's a literally. At the square a white square and it has a you know you just dial numbers and then a texting mechanism. That's it so. Strategy because the problem that you have is when you have your Smartphone you can do so darn much on it right. In eve in order pizza a good order car I mentioned their own rebound and box well they they do and that's that's part of the problem that Appleton. It's the I think its price and in amp up there's a backlash coming against these things also its its slow building comic I I'm not sure. You know I I hear what you guys are saying the way I use my Smart well. I get where you're coming from but just just watch you don't give me an example of this okay if you look at millenniums of people in their twenties and thirties right now. You know what the single biggest growth area for entertainment is the moment no idea board games. Or games traditional board games or seen a huge Renaissance right now from their Unser which generation was millenniums twenties and thirties yeah I've. I've been thinking about this I'm wondering are foreigners who turned specifically the Maloney Els. Of going back to the good old days in the ninety's. Kind of like a nostalgia thing I I think you may be seen don't open to long term thing. But you just just watched this over the next couple years the it does impact. Your quality of life. Surely your on that phone all the time not to mention your posh here. And you if you ever take how many people have neck problems logging Houston law you know can you sit there all day just walking down. Now the San watch this Samsung is warning. About we screen sales for the iPhone ten yes Samsung Electronics. They they do make a lot of some of the components for. The apple Smartphones and so it could potentially. Be a signal that demand for the iPhone acts is just not as strong as apple wants to be news to be the second company in a week Taiwan semiconductor came out. About three or four days ago and said look we have to cut our revenue expectations. By about 10% based on your weak demand from our our buyers. There's no reason no compelling I told you guys I was gonna go buy one you know and I'm still sit here it's it's going to be may. And I told yet again prize back in January I still haven't you know there's just there's no killer feature differences over the cameras federal I look I take great pictures on my current phone camera. I like it I don't need not important I don't think I don't need portrait mode and yet make myself look like a model on a not model quality. I mean I went to went apple like a couple months ago Oregon my battery diagnosed and while I was waiting picked up the iPhone acts was not Burris went to work its. Whenever it's a phone it's a phone that looks slightly different and to recognize my face who cares you know. We went through it you could take that great trip to Niagara Falls that I talked about in the fall for the same prices and iPhone wouldn't it be nice though did I have risen last a lifetime not put an SE expert in about what would would it be nice to not the path for him. Do you I have my thumb is you fingerprint. Mine my hands are dirty some. In the hands are always there when you industry lot of work inside the I'd bottle is on the weekends in Italy is a pipe fitter. A weekend's amount dark indeed in the garden and he yankees might vote. I guess it should be bring in my believing talks about it even if you didn't of the bumper how hard is it to tighten six digits. I just and I branded as I have a friend as the facial and actually. Now what it I think it's it an attractive feature I think it's cute. The Dow up a 144. Points and NASDAQ sup 85 points of Russell's up everything's up. Except the price of oil here's some good news for you. The price of boy goes down 22 cents a barrel at 6783. Golds down six dollars now to thirteen sixty minutes. It's very sharp and Tucker signing off from the financial exchange.