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Full Show 4-30-18

Apr 30, 2018|

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This is the financial exchange with the very Armstrong and showed saga. Exclusive look at business and financial news affecting you today you're simply too world. Stay informed and today about economic and market trends plus breaking business news every day. And now the financial exchange with Barry Armstrong and shocks. It's merger. Monday and we have a couple of big deals to talk to you about T-Mobile agreeing to buy sprint. And secondly marathon petroleum. Will be reportedly buying endeavor not you don't know who endeavor is think about your old to Sorrell energy. Hi everybody it's Berrian truck with you here on a Monday just like the old days merger Monday track couple big deals. Yet the biggest one is this eighteen TT mobile deal that if it doesn't have going through cleaning T-Mobile sprint T-Mobile sprint I'm sorry. T-Mobile sprint that if it ends up going through would end up creating a combined company with the evaluation. About a 146 billion dollars and really putting a pre formidable competitor on the table against Verizon. And AT&T and so it's you know certainly a deal that if you are sprint. Yeah you pretty much have to accept just because yes sprint is a distant fourth in this battle at this point. And so I think effort from T-Mobile perspective this is something that their CEO John Wood gears wanted to do. Probably for the last five or six years it seems like they have to win one. Thing I would point out is the stock prices for both companies. Are down today. And that to me a I'm looking at that and isn't that an indication this deals never gonna happen. You know I'd I don't know if you can necessarily read that into a typically what you see. In a in any deal that goes through we're being in a deal that's expected to go through. Is the company that make the acquisition oftentimes has to pay a premium and so they end up seeing their stock down and the company that's being acquired would see their stock moving up. Now it could just be based on the terms this deal you know you see OK maybe be you know that it's not a favorable one sprint to sprint is down. 13% and you know it's it's it's not doubt a small chunk of change. It is down a big chunk suit certainly implies. That there are near some serious questions about this. From a new investor perspective I can see why both companies would wanna do it the estimated synergies when you put two companies together. You can save a lot of money think about. When you're driving around how walked in DC sprint store and T-Mobile store within a mile of each. Well you'd be of the shut half of those down right here is a lot of synergy easy estimated synergies truck on the deal between T-Mobile. And sprint would be six billion with a B that's a huge amount of money. If it's big and you know what's what's interesting about this is. John we geared the CEO of T-Mobile has been born and AT&T and Verizon's side pretty much the last decade at this point 73%. Of his new customers come from the two companies and they have been the ones who have disrupted the entire pricing model hard T-Mobile really becoming a player in this space. It was yet your two year contract you are locked in that's. Here's the one who said look let's get to contracts we're gonna compete on the basis of paper won't give you lower price. Wool will say that we can you put together a competent network it's gonna compete with these other companies. And he's the one that kind of change the game as far as all this pricing and everything so. I look at what he's trying to do what he's always been someone. He's he's aggressive in the deals that tries to make he's pretty real forward as far as how he goes about marketing and so forth. And I think he's one of the few guys who actually innovate in this space. Whereas you AT&T and Verizon haven't really done enough they've they've kind of been forced into an invasion by him then but they don't really go out and do things in the us I have to. I think this is one of the few cases where increased consolidation may actually not lead to. Worse options for consumers are right they in that's the big headwind that they're going to face as they go in front of the Department of Justice can they convince the DOJ. That this is going to be good for consumers I think it's tough putt it is easy you look at the odds are a couple of speculators this morning suggesting. You know it's anywhere from 40% likelihood to 55%. Likelihood if it gets done. Keep this in mind folks if your T-Mobile customers your sprint customer it's not gonna occur until June. 2019. You know not 28 to its gonna be about 1516 months in the making before the sense of getting done potentially and the you know he just. Question whether an audit ever does get done but he it would help in towards the advancement of five G because. These two companies individually are gonna have a tough time with five G collectively they might be to compete yeah it's it's. They're students. If can cost associated with building out a five G network because right and it talked about five jeetz the next iteration of vol wireless technology not Y five but the actual you know what you receive from the cellular towers and so force in the big thing that you have to remember with five G. It at this point is entirely line of site based doesn't go through anything doesn't even go through relief to tell you just how line of sight focused it is. Because the specific way of what that you're on with that spectrum. And so the build out is incredibly expensive because it's not something where you put a tower up its services quarter mile or something like that you have to potentially have these on every street corner. And patriot offensive if a tree grows in the year two feet in the wrong direction you've got to send a crew wept take that Linda and if there's there's a lot of maintenance costs associated with it is well known that other technologies don't have. Second merger that we wanted to talk about was marathon petroleum acquiring endeavor. Now. This is a deal that's actually responding in the way you would want if you're an investor why endeavor shares were up about 22% this morning. Yes still up about 18% rate now at the moment Marathon Oil. Pretty much flat up about 1% on this news here that they would be or would that they would be buying. Endeavor and so you know it's it's kind of a mixed bag I think you know with this deal for the acquired company it's gonna take a couple years to kind of figure out those synergies and kind of here yeah deal long. It took to put the two deals in in in perspective. The endeavor acquisition will save marathon about a billion bucks a year. The sprint T-Mobile six. So financially the disparate T-Mobile deal looks really gut. Well and it if you look at the that the pay off time so in order to do this deal marathon petroleum is effectively paying. About a two billion dollar premium nets it's pretty much what they pay in order to do this. So you figure they save a billion dollars a year it's gonna take him about two years to breakeven and then they'll move forward from there. The sprint deal you know that they're paying you a little bit lesser of a premium at its if the sprint deal goes through it's actually paying itself off. Pretty quickly than about a year year and a half. You know now well will lie that he you know the jury is out on both of those and they're you know on that T-Mobile deal. Bill hold uber is is all like it's me you're you're talking about a year and a half. Before it's done and if you're customer by their company. They're gonna continue to compete and business as usual for at least. Probably I would think that the least the next twelve months before yet hint as to whether or not the deal so yeah. A third of those who plan to file for Social Security early do so for the wrong reason. I give me some examples I think the last number I got talker was. Something north of 70%. Of retirees collect their Social Security prior to their full retirement you're born after 1960. Your full retirement age is age 67. And you if you collected girl will be giving then the math if you were born in 1960 or later. And therefore have a full retirement age of 67 filing at age 62. Means slashing your retirement benefit by 30% that means if you're looking at a full monthly benefit of 14100 dollars. Which is roughly the average recipient gets that that they use yet. You cut that payment down to 980. Dollars by a filing early now we've talked about tucked their instances. Where it ten makes cents. To file your Social Security benefits early yen in certain situations it can if you you know bad family health history and so forth you broke if you if you simply don't have any other options those can make sense for you to collector and what we see is about 42% of men and 40% of women collect right at age 62 so almost 50% right off the bat. But see I don't believe that many. Are doing it because they need to it's hard to imagine would you say 42% of 42% men 48%. Of women. Hard to imagine that much of the country. Needs to collect it right at 62. No I think there's here's the thing about. Quote needing to that 62 and I think there is probably about 40% of the country that if they want to retire at 62 and needs to because they don't have anything to say there's no way I do think that's the case. But it certainly isn't 42% of people to sail I need to take this right now. Now for the last ten years you know we see people who come in they say wanted to collect Social Security because it's going it's gonna run out of money back. Especially for someone who you start collecting 56 years ago and not gonna run out of money while you type. Well the the nationwide return to retirement institute discovered chapter of service. 13. Of older workers who are planning these are people that have done yet. These are people who were planning to take benefits. Ahead of schedule say they're doing so because they don't believe Social Security will be around at their full retirement age you've said. You you would Tucker both said yeah I know we're contributing it damn baby boomers are sucking up all the money it's not going to be there. I I don't I'd never fell out. Because. Touching Social Security you you start telling seniors that we can't afford to pay your full benefit. Well guess what seniors vote colonials don't vote senior citizens do. They do it utility is don't vote yet. No it's it's it's going to be a problem that we don't deal with until were right on its doorstep you know we've we've had solutions for the last twenty years to fixing Social Security so. That benefits are reduced in 2034 run but he even today like we we've run through the numbers you can still fix today with a relatively modest changes. It's not that hard. Our poll question today is do you think Social Security will be around by your full retirement age talk early you. Kick off the poll tonight do you hear your thirty years old media Social Security will be there another 37 years yeah I mean I'm not a full expert in this but from what I hear it's gonna be hard no. Hard no heart no doubt I think we're going to be screwed up there at the end of the day sorry I think the system will be bought in other words. Eat it biking collected 67 which is my every retirement. I think yours is going to be different by enacting Tucker will happen is your payroll tax will be higher your era of the amount that comes out here pay check in maybe your benefit will be reduced. But I do believe it would be I voted but I'm in the minority here truck on the pole. Only 42% of our audience believes that Social Security will be around. Powerful retirement age and rate on the socialist if you're perceived Social Security statement from the government not ever seen which yes. It says right on the front of the page. We only have enough money to pay out your full benefit isn't until what 2034. Yeah it's in a so that's almost 343315. To sixteen years from. I think Newegg is much that joke around saleable knock it getting think. It's it's still going to be. It's not it's it's gonna go way I I don't think it's it may have a slightly different Foreman at the taxes might be higher than benefits might be lower. He might have more earnings that are taxed. But it's still going to be. At any rate our poll question. Do you think Social Security will be around for retirement age financial exchange showed dot com. Is where you go in order to vote in our poll or if you wanna text us your thoughts on Social Security can do so at 63566. When we come back we're going to be talking about the movies. I'll tell you what this avengers infinity war movie just hit all kinds of records over the monster that's next on the financial exchange. Like us on FaceBook and follow us on Twitter pax TFE show you. Breaking business news is always first right 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 streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance -- called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank a step ahead. 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The number again is 8668485699. Or downloaded right now from their website legal exchange showed dot com. Hi everybody it's Barry Armstrong and now this is specifically. Designed for those of you who wore landlords and used to collector checks with paper checks are gosh maybe still do. Was he rent allows you to collect checks electronically. Jail is hoping you could spend a little bit of time explaining how easy grant works and why it's a big advantage for landlords. Absolutely vary so we we develops he rained two out of me the all right 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. Mostly waiting he might not get all the rent until the tenth or fifteenth of the month. Furthermore if your landlord on vacation in your renting your notebooks now to what he does is it really digitize it though. It makes the ranked electronic payments it allows for roomy cheering for multiple roommates and apartments that's great if you're renting at the college student 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 from landlords the first six months or free and then in addition to that. If you bank it 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 he rent yup you your if you have a community bank that wants to be a member happen Collison who haven't sign up and the service will then be free free. All right if you want to learn more about easy rent. Go to as he rent dot net you 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. 87769179. Injured. 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 ferry it's a 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. This segment of the financial exchanges brought to you in part by a leader bank it's not too late to get a great rate on a home mortgage. Later back at some of the most competitive rates around so call 8776917900. Or visit we'd bank dot com. For more information leader bank is an equal housing lender member FDI CNN Dallas 449250. Only 52% of our audience thinks that Social Security will be around at their full retirement age that's disturbing. Not not not good enough did tell you didn't what it's going to be there. It it's it's not going anywhere I don't think it is an openness. Anyway outside of the movies this avengers infinity ward go to movies every Monday and every week DC promotions. For this infinity war movie. It opened up over the weekend. Had record numbers and didn't include China. Did 250 million domestically 630. Million worldwide. To put the domestic total into perspective for you. The other nine movies in the top ten in the United States did 43 million dollars combined. And it did 250 million dollars so I mean this one would blame prior to which release I said look at gained somewhere in the ballpark of one point 621 point eight billion. This is how you do it you open likeness. Well and what it might do to me in my 22 billion yeah I mean with China China doesn't come told me eleven. Did the question is going to be how well does it hold up as far as from week to week you know it is ever ever run competition coming next weekend or do you know well it's it's always tough going in that memorial they appear to that's where you get a lot of the big temple releases them out you're still your weeks away for a lot of lot of the leaders a lot of distributors have sped that process up now and in this is why you have. This film ten years ago. Would have been released on memorial. So everything is sped up somewhat in terms of everyone wants to be first neo really to the show in terms of being trying to get ahead of those other big releases. There's nothing too big coming out this week I don't think so I think it should have a relatively clean run. Through through the upcoming week but as you start to go out then you know it the it does start to get a little bit Dicey easy head closer. Two Memorial Day so that the big thing that you see from every first three weeks are critical just about every movie that's out there. Is typically you see about a fifty to 60% usually about 60% dip from week to week in its gross and the question is going to be candid do something more like a black panther did but at early declines about 30% week to week. Most movies don't you know most blacks at camp there was in this movie. Yes. And in the black at the by the way is now north of one point three billion dollars closing in on it'll be one point four within the next two weeks. The they've already have the sequels. Our follow up to infinity war that'll be released in me of 2090 Heidi how do you have something that comes after infinity. That's that's theoretically impossible. At any rate I'm just saying. It's one heck of a movie and I may go see tonight my choices are predicted for tonight what it what you got tonight I can either go see infinity war. At 645 and steal data for quiet place at six and I've been telling you for four weeks ago C a quiet place. I know it's just it's a series own John present ski I don't but it's scary no it's not it's really not it's not hold you saw mill a got just stared at it and advice from a guy doesn't seem I mean it's not like you know scream horror movies open like now what the movie scream. It's wallets it's suspenseful yet. The suspense once the ones that scary more like scream you see that you're like oh like obviously that's not going to happen. The ones that are creep your like the shining where it's like man I've been in hotels like that in weird stuff starts happening and I just want to get. Out yet but this premises about a monster so that's not going to happen either you never know what they want you think pit and river views anyway you can tell me which movie actually go see infinity war. Or a quiet place my text number 63566. You decide. Those that my choices infinity ward and a quiet place what you see last week. Super troopers to fans are very difficult to for any movie to come even close to that. If they got five stars. And so from various rating yes and monitoring system that that was it fantastic movie stars to your rating system how to spot to spot. I'm super troopers like best movie ever. My wife liked. Now the you have to have kind of a silly. Sense of humor tiger can we send that quote whoever distributes the moving to say Barry says the best movie ever. That at the speaking of the best movies ever. Outside the biggest. Moneymaker. Is not a movie it's a video game. Yeah video games are big big money and what you've seen from Grand Theft Auto 5 am watched by take two interactive they've done north of six billion dollars in sales so far ninety million units how long has this been around I feel like I climbed my lawyer Seattle no longer than now five years from now you mean the franchiser yet which grant ever thought as I remember that would make history Ullman ninety's a franchise came out of the 99 was the first one something like that. In the I was horrified when I saw some stuff. Did the police where it really they they cut their teeth as honest it was grand theft Grand Theft Auto three which was before first full moved to the 3-D world and everything. And that's when the get everyone creeped out the world and be running around you know shooting up cars and stuff like that so I kind of happened to me. Never been shot at the collar nonunion. At any rate we'll have Wall Street watch coming up next on the financial exchange. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first place you on the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent today we're zero and leader banks all mine rent collection tool zero automatically deducts tenant's rent and deposited into your account visit www. C rent dot net to learn more would you rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Visit C Rand dot net or call 7816418691. For more information at 78164186917816418691. Or zero rent dot net a state. And asset protection planning can be overwhelming and that's why you need to call Todd lets see he's a partner with the law firm of Cushing handle hi this is very Armstrong -- 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 bull and irrevocable trusts there are major differences between the two some before you put your pen to paper get some solid advice from someone who knows and can advise you on the best path for you and your family -- in 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 night at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed. Com if you're doing yourself investor that are happy with the status of your portfolio don't worry you don't have to change your investment strategy. However you should be aware that the Armstrong advisory group offers very specific options to help you with your overall planning process having sound 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 is your plane reaches its later years call right now to get this free guide and 803934001. That's 803934001803934001. Or you can download it right now from our website Armstrong advisory dot com that's Armstrong advisory dot com securities offered through securities America incorporated member finreg SIPC and advisory services are there securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- 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 not guaranteed by the bank and may go down in value leader back 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 -- date with easy grant leader banks all mine rent collection tool he -- automatically -- tenant's rent and deposited into your account visit WWW -- he ran dot net to learn more -- -- rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free for -- landlords visit WWW -- -- 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 I don't Berrian jug right here on the financial exchange radio network. Michael Armstrong joins us now for Wall Street watching Mike let's start off with McDonald's putting up what looked to be put to good order. As they start off the top 5% today. Betrayed they're the best comps bales that same source sales in six years those numbers were up two point 9% they beat on earnings as well. Look like they were helped out by they've raised price a little bit. They have these new one to beat dollar and use they cap space started to do pretty well. They're pretty much firing on all cylinders here really good quarter the company like you mentioned that about seven dollars and nearly 5%. Our comic is spin off from Alcoa was down about twelve and a half percent today what's going all of them. That's right yes our congress but not back in sixty scene there you know kind of focused on special manufacturing or aerospace and auto industry's. They're court that they report on was decent that pretty much matched expectations but they guided lower on real concerns about increase in the prices which. Terrorists are not those that are our poetry to the to the market they're seeing increased price there a year and that's hurting now predict forecast. Very good thank you Mike that's Mike Armstrong with Wall Street watch here's a stat for you the average cost of tuition. Fees room and board during the 20172018. School year. At an average four year public public not private public. Was 20770. Dollars that's up five point 5% per year over the last thirty years now I can tell you. The cost is considerably. More than that in New England it is you go to UMass or UConn it's going to be. I'm gonna say 25. To thirty. Yeah UMass in state right now all in his Libya. And Syria do you use you're in that ballpark what is interest saying. Is over the previous. Actually sorry no this is from 1958 to 2001 then the typical rate of inflation for tuition room and board and so forth. Was typically between about six in 9% a year. So this does show that that's slowing down and I think that's the people were finally come to the port of saying look we're we're not really willing to continue paying these prices. In a lot of cases we've seen it with not Heidi Collins closing down because they can't get people. Over there. I think you're going to continue to see a lot of smaller colleges closing down over the next decade there's smaller ones are worse they give. Dear they're you know they're saying it's 20000 for public school. Private ones are what 67000. Dollars a year in a lot of cases there they're typically in the arrangement. Keep in mind that a big reason for that is because the public ones. About half their budgets cover. Through taxes and things aren't. At her average cost of in state public college. Will be 35000. Dollars year by the calendar year 20/20 seven and this is what Tucker and I don't have kids. It's just getting prohibitive you know for them to pay for well it's knots. Well yeah I think what you'll see. Is people take advantage of other courses of study likely trades. One of the things that that is in court this week by the way. Is a case regarding Corinthian. Colleges. A lot of the students it Corinthian Colleges are claiming. That they were scammed by the college in ill prepared for the workforce completed work they were Peru compared to what their problem. They were they that I mean to ripping colleges they were one of these for profit colleges that would publish on 97% of our students have a job after graduation. Not telling them that yet you got a job after graduation. But it was a minimum wage work in a lot of cases simply because they have the degree wasn't worth the the paper was printed. Misrepresentation. Is misrepresentation being nice way of putting you mean they they outright lied in a lot of this documentation. And they've pretty much you know figured that out as well some people say oh why did you do your due diligence. Well it's because they were lying when they were doing the due diligence you know they'd they'd. Post folk phony numbers and stuff like that it just it was not accurate in any way shape or form. And so you've got all these students that are trying to 25000. Yet you you've got all these students that are trying to have these federal student loans nullified and forgiven because they were defrauded. You know late I don't know how they'll fare but it's it's in court this week you know I'd. My name's Barry and I've been in this business for thirty years is financial advisor. And I have spoken with many of you who have chosen to manage Jerome portfolios and today I want 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 pot at Armstrong advisory group we can help you with the state planning and tax strategies. Succession planning is an important part of the overall process. This month I've been new guide out that talks specifically about how to plan for the future if you're managing your own investment portfolio. It comes. Complete with a do yourself checklist offer you additional guidance. As you reach your later years called right now to get this free guide and 803934001. Or you can download it right now from our website Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. I just got a text message from one of our listeners is and she's telling me that you mass rule which is largely an engineering school. 27000 bucks a year. Probably because the engineer. You know and engineers are more expensive to educate then in those majors is nature of the beast out I'm member that would value mass Dartmouth as an engineering program as well and there there tuition was little higher than for two hours yen taking a look good to CO compares power to look at Amherst yes it wool is about 27000. And for. Well trying to figure it out for. UMass Amherst you know they make it difficult. A year ago. Gets about when he bet 24 for UMass Amherst. A ballot initiative would cost hospitals a billion dollars a year this according to an industry backed study here's the he hears them with this ballot initiative is all about. You're gonna hear a lot about it between now and November don't think I think you're gonna hear talk about it. And pretty much what it is. It is a 88 set of regulations. That would. Regulate the wave that nurses nurses are effectively staffed at hospitals and the the biggest nurses union in the state. Is campaigning for this initiative. And they're saying that Stafford regulations are necessary. In order to protect patients and so forth than in me and make sure the PI here with all the same here I that they need I I hear it. I mean he I talked to a nurse over the weekend a registered nurse and one of the so hospitals in Boston and they see they're one of the times there most shortly staff is on the overnight shift they need to hit. She can't keep up with with the amount of work and she's a young Gallagher shape she says. It's just very difficult for me to keep up with the volume of work that has to occur. On those overnight shifts. And this in terms of the projections for how many nurses would need to be hired in order to meet these new regulations. The estimate is 5900 in eleven nurses so almost 6000 nurses would have to be brought on. By all hospitals in Massachusetts combined so health you're talking about just a huge number of nurses in a short period of time. In order to get this done here and obviously anytime you bring out additional headcount that adds additional cost you know you're you're certainly adding that in there. I I don't know where I necessarily stand on this at this point just because I haven't done enough digging into it. Depends on who you talked unity if you talk to the hospitals they're gonna split with the hospitals Hussein and their part of the campaign will be. If you do this could raise health insurance cost is he if you have if you hire 6000 nurses right it's gonna raise costs. On the flip side of that though if it's your mom that's being treated and Mass. General order beaten Wellesley or wherever she might be in the hospital. You want to know that they're getting good care right in and the nurses are the ones that don't remember and the doctors are important. But the nurses at the one that provide 90% of the care that 95%. It's. In and part of it also as you look at this and say OK if we do bring on additional nurses. Then we don't need to be working as much overtime with our current ones the standard of care should get better some maybe then you can avoid some of the re admissions are the lapses in treatment there currently happened so. You're trying to balance all these different pieces there. I don't know what what what the right answers. I don't either he would have to be an expert in the in the topic the deal it'll be a ballot initiative you'll be hearing a lot about it during the next six months. Get ready I paid 307 for gas yesterday. 307 now in Connecticut and Connecticut and it was on credit cards to make average by the waist to 95 the highest New England come on up today as soldiers in my report they'll go to Connecticut for every week the there is a different price based only pay with a credit card. War caption I used to credit cards that's it would have been 299 Tucker I'll used cash but it is 307. National average right now two to 81. Which by the way just in the last month were up from 265 and in the last year we are up from 239. And you've seen effectively about a 20% increase in gas prices. Over the last year right now that you know it's it's a decent chunk when you talk and fifty cents a gallon. Average person fills up usually about twice a month okay usually about an eighteen gallon tank to talking it's twenty bucks a month it's coming out of people's paychecks coups have hurt. More and eat like I'm thinking of who's going to be most susceptible. To rising gasoline prices it would occur to me that you know if your Macon. 40000 bucks a year. And gas prices go up by. 2030 cents a gallon it's gonna hurt you. Considerably more. Then don't hurt the guy that's making a 140002. Year absolutely it's bigger percentage of your income that you spend on gas that's what I've always said it's like a tax increase. It is it actually is effectively as I just yours your solution is body you know the the ship revolt. What well I don't know if that's really solution needed because in yet pay for the electricity. Still edit it's still you know again depending on how you're generating a can be cheaper gas can be. Retirees would be negatively impacted by this we wanted to retire after and visit him there while they're on fixed income you know they ended and a lot of them are are very active idea with the retirees. Are going to be hurt and and we complain about the high price of gas appear in the northeast thing about California and their approach and four bucks again Bechtel. Mourners at 360 right now that's their average price in California according to the AAA. Gas prices index. I believe that is the highest number Ian yes the highest number in the country right now I'm hen do Dallas this weekend Saudi view my review of the gas prices that I witnessed there the average in Texas at the moment is two dollars and 59 cents a gallon cut sonus and should be cheap fill up there. Well we will see you know what's. And a little bit disturbing track is the dollar got stronger and gas prices still went it did and this is we we haven't seen a whole lot of dollar strength lately it's been something. That has been no missing really for the last year and a half. But over the last week now you've seen the dollar make a rally of about. Two and a half percent or so now which we have really seen any kind of dollar strength in a while now since pretty interesting to see. What is nice is that you are seeing even with this dollar strained. Over the last week. Stock market is kinda holding steady and that's been something new to this have been a market that for the last year and a half when ever the dollar went up you saw weakness in the market the up. Market is starting to learn how to stand on its own two feet you know its its big out and you know you look at corporate earnings. Have been bolstered because of tax reform. We've McDonald significantly in McDonald's got seven cents a share this morning added to their earnings because of tax reform. Yeah it's it's I mean companies right now are on pace to see 2.3 percent first quarter earnings growth the expectations heading in. Which for seventeen to 19% their outpacing even those inflated expectations. Grab a pencil and paper we're gonna have stopped talking next with Eric Jacobson from Morningstar on the financial. Have a question for Berrian jock. Now you can text us at 63566. And take part in the show at any time you start your text with keyword battery and join our exclusive club. Days as the financial exchange radio network. Estate and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of drugs available it's understandable that there can be confusion when it comes to estate 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 three 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. -- him and show you how it's possible to eliminate your estate taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. Or downloaded right now from their website legal exchange showed dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which 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 Tenet's -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online -- -- deposit dot net member FDIC leader bank a 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 Kubel and irrevocable trusts. Todd what is the biggest difference between revolt 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 trusts now the ones are we try to protect assets from the nursing home. So if I was to compare that kind of an irrevocable trust with a revote of trust and there really biggest differences. The irrevocable trust a protector NASA's 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 may well or lots of wealth and end their self insured because they can pay their own way through the nursing home so I would do anything you have to have VUV like we define rich force I don't ask for 10000059. The estate tax laws as high as they've the exemptions have gone as high as they are like say you know 34 million dollars or less you're probably still going to be considering an irrevocable trust if you're over 860. 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's till 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. This segment of the financial exchange is brought to you in part by Dhabi it was northern Italian state cast obvious as in nine locations throughout the East Coast. With five locations in the Boston area including the newest one in Braintree. At the South Shore plaza and also opening its first West Coast location in Irvine California. This summer and w.s you can enjoy seasonal cocktails have made Costas. Perfectly took Brandt beef steaks wells fresh seafood and salads expertly prepared using the finest ingredients that Dhabi it was it's all about the guest. Joining us on the line right now is Eric Jacobson from Morningstar and Eric thank you for coming on with us. Erica talk about the Pimco total return fund once Bill Gross is baby but now was in the hands of other managers. What's what's your take on this funded this. Well we just restart I rating system that. Goes. Our sole goal terms on the market and cool. And we've rated back up the goal for the first and last toward. What's the big reasons that shifts. So at the time it happened we helped that are very competent. The managers that would sort of on the bench well. That they should be able to do just party. Left want to keep it well. But there were reasons to do it to the top one there. The possibility that if people. Pulled out so much money that they had changed structure the business of resource for that. We wanted to make sure that a little sort of app that did not the other. But enough so that we that we were the sort of built got it. Now the the Pimco total return fund obviously you know while gross was there was one of the top performing bond funds in the world. What what are they doing performance wise now does the performance match up to what they've previously done. I think I think it does that mean you know there are always sort of ebbs and flows situation there are a couple bombs here and there have been no morsel probably. Were coasters so if you look at the period through the end of march that these street managers have. Enough running on it's in the best bird. It's your group. Aren't a bit more volatile but that's kind of be expected to dial. You know there actually are great here last year. It didn't take on the sort of corporate. On the wobbled. And sort. Brought out that well so it went. What are the questions that you always run due in two with a fund like this is. It it's a massive funded at that size and scale it's tough to replicate some of the things that made them successful. And a smaller size is that a fair criticism of this fund. Well it's always expecting to get first from like this a couple things that would say art that. By the time on got to start questions on. It was keeps relying bolts sect were. Because it was a lot harder app for individual. To certain people on the Buick Open it got almost a little. For better work a lot of people ticket audio on since he left a lot of that has gone on and go oh. Yeah and because of that now in the seventies art so dollar. And the other thing about that is the ironically etiquette smaller. The easier it is for them to have brought it wait a smaller bet it is that. Where did agree that there are actually he. Kept that level still. Export. You know the stock market it will be flexible so that lower so I think actually. The. Aggregate Eric thank you for joining us today. There Eric Jacobson from Morningstar talking about the Pimco total return fund and if you do wanna look at that one up on your own you can pull the ticker at heat TT are packed snow Bill Gross went to Janice yes. And he started day I don't think he started but he took over an existing fund. Transfer all of it is ready to put every penny he had. In that mutual fund that he started with can he did yet he we went over to Janice I think it was about when maybe five years ago 56 years ago now. And yet you left to do what he left Pimco put people may have forgotten as he was the founder of Pimco though we have. I mean you even use the guy he was the beat the godfather of bonds affect any gain in May through mount effective. They needed one of the Pimco. David Dow is up a 113. Points the S and p.'s update when we come back be talking about an old saying it may come true this year. Sell in May and go away what should he be doing to your investment portfolio. Given the fact. This is a mid term election year chuck is not a very Armstrong a talker so what will be right back. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a pastor closing call lead 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval. Leader bank a step ahead if you're doing yourself investor the arms during advisory group offers very specific options to help you with your overall claiming process succession planning is sometimes overlooked and arranging your own money call now for our new guide at the talks specifically about how to plan for the future of your DIY investor the numbers 803934001. -- 803934001. Or downloaded from our web site Armstrong advisory dot com securities are with the securities America incorporated member can Ressa PC advisory services offered through securities America advisors incorporated Barry Armstrong represented -- Armstrong advisory group the securities America companies are unaffiliated. As 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 -- 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 bull 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 in Dolan has a free guide out this month on the differences between revoke mobile and irrevocable trust and you can get it by calling 8668485699. This guy 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 -- -- at 8668485699. That's 8668485699. Or download it right now from their website legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 781641869178164. And if you are a do it yourself investor and Michael start first with the case where maybe one spouse handles all the finances. And that's spouse gets sick in retirement and your spouse might not know what to do. Yeah I mean we see it very frequently you know one person it's usually the case in fact that one person is handling most of the finances. It's not always. The husband is always the wife. It varies a lot and the problem you have is that other person is usually not comfortable handling. This entire retirement plan they put together together ends and 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. There can be all kinds of things that they don't necessarily understand. And it's all happening during an emotional time as well. Right and don't mean to you made 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 you 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 80393. 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 in that. 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 give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead stay Vanessa protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to estate claiming. Do you need a remarkable trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between rebel Kabul and irrevocable trusts by calling 8668485699. Taking him 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. Time for bank the pays you with liter maximum reward accounts can 1% cash back with a debit purchases and an extra 10% back when you 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 -- may reduce earnings rate subject to change without notice member FTSE. Leader bank a step ahead hi this is very Armstrong and in my thirty plus years as a financial advisor I've spoken with many of you who have chosen to manage your -- investment portfolios today I wanna talk to you do it yourself first because while your portfolios may be riding high there are other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this month they have a new guy doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years called right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com to. Juries are for two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. And it didn't. I. This is the financial exchange with Barry Armstrong and sharks done 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. Itself in May and go away to an old saying in the investment business and you know many of you might be thinking about why you might wanna sell your stocks in name. And then come back Terrell the end of the year in time for that Santa Claus rally the other story we're in a car. Current today it has to do with the retail shopping experience and a vigorous possible but it's actually getting worse I everybody Berrian truck with you here on Monday. And let's talk about it you don't bad back when I was a kid this is what you talked about back in the eighty's and ninety's. Sell in May and go away they usually isn't that great month for investors. No may if if you look at the Dow historically over the month of may it tends to be relatively flat in pretty much. Completely flat it's the on ninth best out of the twelve months of the year you know. The S&P 500 may is eighth best out of the years are still in the bottom half rising an average of point 2% and over go back to 1950. But the big thing is when you do have. A mid term election year that's coming up especially for first term president it is that those are typically what we call wave elections is typically wind. The party with an incumbent in the White House typically sees big losses in the mid term election. Last time we saw this will lose when prisoner Obama 2010. He lost we'd lose eat seats in the house 87 cents I don't think it was that all is just dead and we. Came across the country it was a red wave and Republicans gained tremendous number of seats in the house are represented as I was after Obama care passed it was them on pulled up right now 63 seats 6360. Theory. So but that was after very unpopular. Legislation where I would think. Even a lot of Democrats are pretty happened this tax. I I don't I have no idea we would what is the projections. And it's awfully early as deep house is 5050 at this point no no one quite knows so in order to pick up the house Democrats would need 24 seats. It's pretty much a 5050 shot as to whether or not they do best that's what most projections are showing. The senate is any more favorable to Republicans yet it appears Republicans only have nine senators up for reelection this year Democrats have 24 seats the thing about the year either of those house straight with the talking about the house or the senate. You've still got seven months to go right if the economy continues to strengthen in wages continue to grow I would think that's good for Republicans. It is it if you see wages going up if you CEO continued low unemployment going to be good for incumbent snow okay. The one of the things that's interesting is that you do have an awful lot of Republicans. That are voluntarily vacating seats in the house and that typically the retirements yet that that typically bodes poorly just because there's typically an incumbent advantage there's an incumbency advantage. If you're running these people say yep I voted for Smith before gonna vote for Smith again yup I voted for Jones perform vote for him again. When you don't have that incumbent in there you lose that incumbency advantage and so does potentially open up for some funky things to be happening cut. Well and a policy I mean IE somebody anybody who's telling me about selling in May go away and coming back in December. My advice you'd be don't invest in stocks you know if you if you're trying to time it based on the time of year as to when to buy and sell stocks. And I don't you should be invested it's snowy like I'd buy stocks which I bought shares of GE which I regret today. But I added by the because they said long and sell they're gonna buys them and sell them when he hits you know twenty dollars this year which never. Budgets just. And it it. Always analysts are split from him that yet works out well go to the store with. Retails other problem. Too few quirks in the store Errol what your experience has been went shopping in retail. I don't do a lot of retail shopping I go to just a bank to buy my suits. And and bearing an Italian. Pretty good retail experience is no one else is in there. You go into adjusted bank rate generally speaking you don't have to wait for somebody else is men's warehouse almost killed that company by the way they do it. Needed it by the end and the quality. We'll tell you the quality of the suit has gone down and that's the story for no apparent. But retailers when you talk about Macy's or JC Penney. They have made dramatic. Reductions. In their staffing you'll I don't shop at Macy's and I don't shop JC Penney where I can tell you I've seen. A real degradation. In terms of the service you received when you walk in to a retailer Oca is Dick's Sporting Goods. Just not enough people available is no people available in you walk around there's nothing on the shelves. It just did the I I have had I used to really like the Dick's Sporting Goods. Experience is like I don't used to be the best I I like the the call led mostly by clothes and sneakers right when you go to addictive the and and they had good stuff there any good clothes he tried on in you know we eat in a toward by a lot of my casual Wear. Well I'll tell you what I went into one and I don't know if I'll ever go back it was it is just a horrible experience soccer is that he could just because you couldn't track down a worker. Couldn't track down a worker and the like the stuff on the shelves was. Yeah Ozal. Messy. And just it was messy out it wasn't like the V were the calls weren't in order to be down for not organized and a. You know with the number one person is that you can blame for the downfall Dix Amazon Tiger Woods won. Because when Tiger Woods was up and coming yeah and when he was you know rock and roll and early in his career yup. The number one growth area for Dix was golf equipment right there yeah and this is to cut out the second thing they don't know yet they cut golf. They exporters cut golf that they are not selling nearly as much golf as they used I believe there late they might be leaving gotten rid of like entire chunks of their golf line I think they might not be doing clubs anymore they're only doing apparel I believe it's news to make his bat when I went there are few months heroes fall callebs. We see what it was in my dispute they're continuing to struggle there I think I think they are struggling with the goal yet because. The golf Tucker is declining the the big thing is yet the so they're simply if you take a look at Dix chart they're pretty much not growing anymore and in large part that's because a gulf. His golf and no one is getting into golf now. It lies which I stopped with Tiger Woods when he's late crash his car and that tree back in November last five or ten years golf has been on decline. When you look at golf courses open vs golf clubs problems. Golf has been on the decline just be having a very difficult times arrived. Kind of disagree without you play. Got a lot of my friends play I play you know I've put my father laud the numbers though we're declining. Like if if you take a look at yeah you sue the average number and this is from. Honest it is in this is from where's it coming from originally. Wants me to pay to see the source so if you go back to the spring of 2008. Your vet 29 million people who would play golf in the last twelve months today it's down to 25 million while teaching is an offense when he. Nine to 525. I think it's about 10% decline important to these I think it's a debt. Temper now I mean it go to the driving range you're gonna see a bunch of little kids at the driver get the tremor instant lessons from non pros there just say a little kids just a letter. I think it just it. It. Just digit it's just played doubles attitude going back to Dick's Sporting Goods what time of day did you go there it was Saturday. Yep what time was like 5 AM when new nose and Warren knows I was noon today that's gonna go to wal. Fire him wall marcher Oca is build up says he's Samar. There's an unpaid Wal-Mart reader is like 10 o'clock is 10 o'clock Boca and I went there like. Again yeah he should be able find somebody at that time. They just. It made me and maybe I should give it another track maybe and not be fair and I will human. See what I'm best. The new US housing crisis is about more than a lack of new construction ways now that the trees. Yet the big thing that we see here is and we've talked about this an awful lot is people aren't moving out of the homes of their already have. 62% of homeowners say they never planned to move. 62 that's that seems like. I Clinton will that the problem is that everyone wants to move into the exact same type of house ever wants to move into the two better three bedroom house because they say oh energy efficient my kids are out of the house or O line you starter home it's everyone's trying to buy those. And the problem is that no one's trying to buy the four or five bedroom house anymore and that's all builders want to build that's with a profit does would you and your wife by your house a year ago yes. DG you buy it and say to yourselves this is the place we can raise our family in war. Did you say yourself. It's good for the first two or three kids the ones we have six we're gonna move into in an upgraded to appear almost six now the news is that I thought those were frequently we just keep moving now. It's no we we said we are done. Says one house we said we we said we're done we said we had the Condo you know where I've had two bed calendar that was kind of where we started this that was your starter we said this next one we're done. What about you Tyler Jaeger look at Dubai are you buying with the intent hey this is it carrying it by and buddy used to say. You know when I leave this house it's going to be toes. Yeah I get a get the joke there yet in either on the Gurney to an enhanced isn't dead mystery detect gotcha yeah. No I mean we just wanna get into the market ideally we would morrow move. For a long time discussed at such a pain cast move Biden. But you know you got an open mind you know maybe this house is not going to be your last house and we just wanna get market. You wanna get a foothold Jacqueline. The first quarter jump in housing was led by Americans under each. 35. Their ownership rate at 35 point 3% in the first quarter was a full percentage point higher to malign heels. With statistics are telling homeownership rates now. Are about 64 point 2%. They should be. In a long term averages for homeownership rates are in that 6566%. Range that's shorts a healthy number you get much above that. You're probably creating a ball or you're you are too many people who you're you're getting into people who simply aren't qualified to own homes case. Where is at 64 point two you'd still have a always for to go in and one could argue that there's a long ways for to go because. And under 3535. Point 3% people. People still desire. Old home is just that the millennial generation is will be kind few previous generations because of financial hardship. He had tough times getting jobs because he came out a crappy economy when you graduate high school or college. And you are overburdened with the student loan debt and you eat too much of a cutter toasting. It's in Iowa Bob Cottam toast I got a defense that's that's a good deal with a weakened by the bad guys and that's the theory for avocados for four dollars talker. Four for 44 for four was also shot Singapore for fort wegmans date via the Super Bowl item 59 since the actions for support wegmans all that's on saying they're really mushy the network don't know they were still there are still firma bought Smart ones are not and under right ones and gonna write him over the course that we that's the interest. Trivia is coming up next that's sponsored by Dhabi those who were beat talking about the corporation called subway. You know much about subway you might be of the win our trivia contests which is in the next segment an opening to exchange. The financial exchanges lied on FaceBook and YouTube watching Berrian jog do just the issues of the day and see which ones miles the most. Financial exchange radio network estate and asset protection claiming can be overwhelming. Where you start and how do you know what type of trust is right for you the law firm of Cushing in Dolan has been creating a state plans for folks in New England for more than thirty years and they can help you 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 do you need an irrevocable trust if you don't know the difference you need some expert advice in this month Cushing in Dolan has put together free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between 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 downloaded right now from their website legally exchange showed dot com. Hi this is Barry 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 Tenet's disk called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank step ahead. 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 called right now to get this free guide at 803934001. That's 803934001. Where you can download it right now from our web site Armstrong advisory dot com. Juries are with the securities America incorporated members in as the BC and advisory service is our with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America 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 planes for folks in New England for more than thirty years and they can help you do with all the different types of trusts available it's understandable that there can be confusion when it comes to a state claiming. Do you need to rent a double trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together a free guy that'll help you decide the best plan for you in your family you can receive this free guide the differences between reputable and irrevocable trust. By calling 8668485699. Taking him to show you how it's possible to eliminate your state taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. That number again is 8668485699. Or downloaded right now from their website legally exchange showed dot com. We wanna hear through due to a Steward prairies to 63566. And let us know what you think about the stories we discuss your due to the financial exchange radio network. Seven anyone writes very I own a retail place in the mall get a lot of Dixon place coming in to my place. They're having problems getting help play a lot of retailers are having difficulty getting help the sport for help wanted site you look at her job. Is help wanted sign in front of virtually every retail restaurant and every retail store another. Seven it once they once a week I have somebody calling me combine my three bedroom ranch that's what everybody wants. I my generation wants yet right we're at the masters I want that three bedroom ranch Tucker wants it because it's a 400 house. He needs a house you via Houseman. Before I went three writes I'm getting back into ball buried so critical fixes only gently Mary. I'm gonna give Dixon at the track. This day I just tell I'm sharing my experience with the audience lose nobody in the cards stored help knows that and you. I taught for Bobby goes trivial late last week subway the restaurant chain her fast food chain. Announced plans to close 500. Restaurants in the United States in order to focus. More attention on building a global footprint so we're going to be asking trivia questions about subway. We're is the location of subways headquarters. In text the correct answer to us at 63566. I will remind you if you are new to the Dhabi those text line if you're new to trivia to put my name first Barry BA RY. Where is the location. Of subways. Headquarters and again our tech's number 63566. I'll give you hint it is in New England somewhere. Yes like public who has just ideas went to subway. 1012 yeah maybe it's angle maybe once a year. Once a year it's Mary OK now not the map engraved not as good since it took the yoga mats out of the Brad. If you're in Puerto Rico it's the best place you can go in the rest in the airport. All right I just you know mentioned no options on there I tightened slim pickings if you're flying through San Juan that's just my experience. I know we talked about this last week Amazon pride and prices are going top 119. Dollars. Per year and there's a great debate as to whether or not this will impact membership I don't think it will mighty. I know you guys are chapters the breaking point and I add. Betty evacuate. And not know as I said I says that's a one time when he now won 19 o'clock it is safe. So you're saying that if he had gone up to 129 you'd drop that I'd seriously consider us this big number in terms of the impact on the financial position two billion dollars a year that they get this a hundred million subscribers don't value the surge now I think about Amazon prime would like use it for. Use it obviously I for shopping and get a little bit faster delivery dipped right by having I don't get any better pricing. That that the pricing I haven't really looked into talkies that you gentle little poking around it I think just every day products via. Once only get a good deal via on it because your prime member vs a non prime. No just Scharping on Amazon and generally and I Chamorro all you have to be amber you know that Jolie you know to get that price. Know that that's the biggest thing is still the free two day shipping and that's that's what's here which is the single biggest thing that gets people involved in prime and it keeps them involved. The other things the yet. On some things you can get free same day delivery so you can get same day delivery by 9 PM on orders over 35 dollars and and I can help some things as well now but the biggest things. You know I think are the of the peripheral pieces as far as the video and the music just because if you wanted to streaming service like Spotify and does is Spotify premium is. Nine dollar and 999 months' term in your pain a 120 bucks a year just just is it. So if you look at this he's in looking at Amazon prime music plus prime video and free two day delivery. The prime video. Is getting better by the day death when they started is it a few years ago it was terror. He's just not worth. Watching so was Netflix when I first came out yet it is they are building their library they have some good content that that bitter about contact that one about the Nazis. Oh. Man I'd towers yeah yeah yeah and now Bausch. But if you like documentaries. Whole count do they ever had they have a much more robust line up of documentaries. From Dan does net. Even though I've seen Netflix pushing certain Netflix is putting out some of their own now and I'm starting to see more than was the last couple weeks now it might just be they've kind of been building that stable but it seems like Netflix is starting getting on the acting on the documentary ya doing there'll it does what else he gets a get prime reading you get a whole bunch of other you know little things here and there. In Washington Post. But what what what what that is the snack brand happy valley these that I is that Amazon's on his background it must be I think it's your only able to buy happy deli foods if you're an Amazon prime member. I'm guess that something I don't I'm just telling you what they say right now. I eat ice I think Theres value to it people use that thanks so. So I'll tell you the big thing and I know none of us really uses Tucker you might occasionally but twitch. Not a lot but yeah occasion it is twit so is the one where you can watch people get video games which is a whole our whole. The wet there I'm telling you this this is I mean he knew if you watch this it's time to change your life I mean it because it's going to be a shoot out and wade. So my parents used to get mad at me for watching skateboarding. Kids today don't watch skateboarding they watch video games. So what you're telling me. Is that America's youth has so much extra time on their hands they don't play of the few games they watch other people play yes. What is it is a little depressing you make money how how do you make money watching the top guys make who like Dorian thirty million dollars a year. Yeah. They say they put it it's on the action have been to skirt not even in a competition this is just like through posting their stuff to YouTube and stuff like that all the top guys are making tens of millions of dollars a year I didn't notice something I was watch in the playoff game the hockey game on Saturday. And they were reference thing. EA sports' NHL or something that they don't use of video game competition I will stay there is that the coolest thing that I've seen on he has been in a while there was still the drone racing which is dumb as I thought it would be eaten was. Awesome actually up next we'll have the answer to our trivia question don't forget to text your gas. To us at 63566. Up. The financial exchanges and live on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. 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 a state claiming. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together three 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 him and show you how it's possible to eliminate your estate taxes well at the same time protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. The number again is 8668485699. Or downloaded right now from their website legal exchange showed dot com. Whether you're celebrating a milestone -- 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 and -- your gold locally it just makes sense -- -- bank a call and learn -- call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency -- guaranteed by the bank and may go down in value -- back a step -- time for banks that -- you -- liter maximum reward accounts -- 1% cash back with debit purchases and an extra 10% -- user -- -- 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 8776917. -- 900 or -- leader bank dot com -- to open and -- annual percentage -- ten -- -- -- until -- -- may reduce earnings -- subject to change without -- 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 want to talk to you do it yourself or because while your portfolios may be riding high -- -- other aspects to your plan that we can help you portfolio management is just one piece of the larger pie at eighty AG we can help you with the state planning and tax strategy succession planning is an important part of the overall process this -- they have a new guy doubt that talks specifically about how to plan for the future if you're managing your owned portfolio becomes the complete do yourself checklist argue additional guidance as you reach her later years call right now to get this free guide at 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. There is offered to securities America incorporated members in SIPC and advisory service is our securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are. Unaffiliated I folks it's very Armstrong in am joined today by estate planning attorney Todd lots ski with your legal exchange quick tip of the day. Were talking today about the differences between revoke a bull and durable global trust. Todd what is the biggest difference between ripple Kubel and irrevocable trusts probably the most commonly asked question. Probably is that. And first all I'm gonna tell you that there's many different kinds of irrevocable trust has not just one line call in so that's what makes it hard to Germany would be at least try to. Bring it back down to what I think are asking me generally. Irrevocable trust their talking about are these Medicaid income only trusts now the ones are we try to protect assets from the nursing home. So if I was to compare that kind of an irrevocable trust with a revoke of trust them. There really biggest differences the irrevocable trust what protector acids from the national. The Reebok abort trust never well 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 much money you have to happy if you like we define rich force I don't ask for 10000059. With the estate tax laws as high as they've the exemptions have gone as high as they are saying you know 34 million dollars or less you can probably still going to be considering in your vocal trust if you're over 860. The estate planning expert at Cushing and Dolan have written a brand new guide. They'll answer the most common questions you have regarding revolt Kubel and durable global trusts. The phone number to receive the guide is 8668485699. It's told curry. 8668485699. You can also download the guide. And legal exchange showed dot com or call toll free 8668485699. Be a 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. 1965. Fred Deluca borrowed a thousand dollars from his friend Peter Buck. To start. Pete's super submarines in Bridgeport Connecticut in 1968 the sandwich shop was renamed subway. The correct answer to a trivia question is subways headquarters are located in Milford Connecticut. The winner on this question was Martin's from car which Marten is taking away a fifty dollar gift card adult videos and with five locations in the Boston area. Including the newest one in Braintree you can hosting next special event at W whose visit W dot com for menu information and for. Reservations. Juries on the line now is Todd what's. Thomas talk a little bit about just some estate planning basics to start off with one of the questions. I think that comes up often in this relates to the guide that you've been given a way this month. Who actually needs in his state plan to begin with what people say does it just for someone who's got you know tens of millions of dollars it's not the case. No it's definitely not even noted they tactic tensions are high and the federal world. In mapped as a million dollars it and more than a million dollars and assets that could be just how could be a life insurance policy you know Massachusetts the state tax. Quite frankly even people with less than that. Warm little more than that had been concerned about protecting assets from the nursing homes so there's plenty of reasons to do it state planning other than just act as. Let's dig into a couple of those reasons is this guy gets at the differences between revoke bowl and irrevocable trusts. Let's start first with probate people have a lot of questions about some may have seen a family member have to go through that process of these trust work with regards to probate any differences. Yet no not at all in fact it's very similar by putting at that then I very brief little global war and irrevocable trust. Poll will avoid probate as long as they're entitled to that trust. What about the other the one that a lot of people come in with is the aspect of nursing home protection. Which one of these actually gives you that protection. You know for as much as these trust even really hear irrevocable and revoke or there's the differences between them. I think when people read this they're gonna find out that the most common. Thing about them is that that double fault the things involved are saying they're very similar one big difference that you hit chuck. The one big difference is. The regional global does not ever protect that that's from the top of long term care of irrevocable. Will in fact do that but it does take five years. And so working at these at this planning. It's it's not having a lot of people ask token edged go to legal zoom and make my own irrevocable trust its not necessarily that easy for people to do when am I wrong on this. Now you're absolutely right back at today about you know we pull our hair out as well it's that these trust no doubt that need to be drafted. Very very meticulously very correctly. Because they look bad and the state doesn't wanna just paid. Four year Costner become the talked not to be too wrapped did very well so I can assure you. The legal settlement not gonna get that right. Very good Todd we appreciate you joining us and thanks for the time today. Todd lets you what the law firm of Cushing in Dolan and what we just talked about folks Todd sperm Cushing and Dolan has put together. A guide titled revoke bull vs Europe Opel trust the differences between those. And today's actually the last day that you can get this guide its April 30 which means that tomorrow. May first he can get it anymore so this is the last chance for you to get this guide. In all you have to do in order to get it is call 86684. Rate. 5699. Once again it's titled the difference is between revoke able an irrevocable trusts and this is the last day you can get it once the clock strikes midnight. You can't get any more that number is 866. 848 5699%. In front of a computer and you'd rather go online to get it you can also get it right now legal exchange showed dot com but all of the next twelve hours once the clock strikes midnight that one's gone so we've gained you can call 866. 84 rate. 5699. Or you can go right now to legal exchange show. Dot com. So he has had any Romaine lettuce lately I'm petrified of this stuff right now ninety people across the country sick Ivan at a salad and two weeks I feel like I'm just bulking up right now more Romaine lettuce and I just aboard altogether it is it's just filler right chuck you know. It just filling it in his fellow analysts but like guys like will do like different cells occasionally and it's it's it's crunch it's noise but that's about it right. Well they found out that some of this bad rule means is coming from Yuma Arizona. Who. I gay people equal right yeah it's across the country of its. It's not good which a polyp is an avenue Romaine lettuce per I think that's what they use current chipotle is. Parents about there. You know they'd better be at this point only look they've done and use. They've done nice job in turning around the area of the race prices. Same store sales are up the eyes tend not to pull. Yeah the darn good product they found in this case it was a a form called Harrison forms that was the source. Of Romaine lettuce that was sold to a prison in Alaska where eight inmates got sick after eating it so. Harrison forms at least they know that that was the cause for eight people but they don't know what happened with the other ninety's or should we be avoiding Romaine altogether and a horror real caddie. And avoid Romanian prisons to want to wash your lettuce in a report that a teacher to theft at. I wouldn't enjoy America so they don't avoid sunlight Romaine lettuce in prison. Well. Tong agency here. Hoarding money Americans are hoarding money in their checking accounts and that could be a problem or how to problem. In a back before the crisis the average American had about a thousand bucks they're checking him now it's like 2800 that's good. Yeah I I actually don't think this is a problem at all I know that you don't necessarily earn a whole lot on this but. We always talk about wanting to get people up to a six to twelve month you know emergency fund in their checking accounts. I don't view this is a problem at all you know most people that still has never gonna about to check writing you know give a big balance in your checking account. Think the doc on it is that that's a year keep in 56000 box. In there. They're not making any interest on. No you're not but let's say that you have vision you have a flat tire let's say that the refrigerator breaks let's say that you're you know call you know flooding year yeah you can calls and says send more money yeah. You have access to and that's that's the big thing is you have access then without having to occur credit card fees and charges are payday lending and things like that. I'd rather see people with a little too much in check your savings and into little. Now I was I was looking at bank deposits and the story is what you're doing it for free time this is what I do in the first time. In 201710. Of 22 major regional banks experienced declining US deposits here's what's going on in the banking industry. And and for the life of me I don't really understand why. People are switching away from regional banks and small banks and basically all the money's going to. You're JPMorgan Chase Wells Fargo and Bank of America. What's really odd is it's the exact opposite of what's happening in almost every under under a every other industry you know you go when you look at the food industry everyone's moving towards more local sourcing you go and look. That he's ever everyone's moving towards more smaller these guys and other places but with banks for some reason. Everyone wants to go to the bigger ones. They say it did the logic behind these did the migration to the big banks is people want the large network but no one uses. Pushed it that's if it was going to be my next point avenue it was last time you you know. A guy every now and then I'll I'll probably do at the summer's all right the date on and a dollar bill. In my wall just to see how long it states. It is big items are out like that actually I use credit cards as much is like ten. One you get the receipt into the might be some points they get the points and stuff along with the but. Pretty much all the all all the deposits are flowing towards the bigger banks in a way from the smaller community based banks right now which is. It's I just drives them to pay a lower interest rates especially out like IE name member I'm a member at two small banks. And one of them even though they don't have a huge network they reimburse any fees for out of network he told the leaders anxious that now so you know you look at it and it's not like you have to actually have the network in order to avoid those fees a lot of small banks and local eat that cost for you anyway. Now. Something I didn't notice last week that should make you a little bit nervous is west Texas crude is trading at about sixty dollars a barrel and Brent is up all gosh and a 674 dollars a barrel. And so oil prices have been rising. And the dollar's been rising as well usually those go the opposite way usually have a decline in the US dollars an increase in the price of oil. The fact that oil prices are rising while the US dollar is getting stronger should make you a little bit nervous about the driving season summer. Yeah you've seen oil prices. You know kind of staying high even with the stronger dollar this equalizers you could see prices pushed a seven dollars a barrel very easily only on eight now or you wait like I was a 6812 now oil price dot com and sixty in Maine nets. We'll see if this dollar weakness can they're dollar strengthens of being sustainable. We we haven't really seen any sustainable long term push for dollar strength in the last year now there was you know a brief uptick. In the late February that was snuffed out pretty quickly there was one in last September that moved up a little bit but. It hasn't really been sustained so we'll see if this is this shift on that front here no if it'll be inching to to watch he'd hate to see. You know oil prices hit. You know 75 dollars a barrel. In time for Memorial Day that's pretty close and the union that. Yeah its doors smell of prediction here on he excelled our shot on the island by the way the the Fed rate hike gods now north of 40% for three additional hikes for total. For this year because of the inflationary data it's it's in line now between three and four extra this year it's pretty much a push at this point. A month ago as a 43% chance of three hikes eight point 7% chance for X. A mixture of it. That's to vote on our daily poll question had financial exchange showed dot com while you're there buyer of the media player and watch the show while you work. This is the financial exchange radio network. Hi this is very are trunk 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 attendance this call 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. 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 a state claiming. Do you need to rent a global trust do you need an irrevocable trust if you don't know the difference you need some expert advice and this month Cushing in Dolan has put together three guys that'll help you decide the best plan for you in your family you can receive this free guide the differences between rebel rebel 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 legally exchange showed dot com. Hi this is very Armstrong if you're doing 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 would 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. Juries are for it to securities America incorporated member finreg SIPC and advisory services are -- -- securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated time for bank the pays you would later banks have reward accounts can 1% cash back with a debit purchases and an extra 10% back when you user Cardin 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 -- may reduce earnings rate subject to change without notice member FDIC leader bank a step ahead. 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 and buyer 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 a step ahead. Security suffered two securities America ink member finger 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 and tech I'm not running when you can tell us what you think right now but texting us at 63566. The skewered Barry and join our exclusive club this is a financial exchange radio network. It. Joining us on the line now is Tim Stevens from CNET roads are here to talk about the 2090 Toyota Avalon. Tim thank you for joining us your retirement. Tim what they do to the front side of his car. They give it to them pretty strong knows yet what has been doing some interesting things with the car designs lately and it's interesting in the most you've missed it was possible. I gotta say now he's a little bit of massive massive grill on the front of the whole Lotta crawled out there. Yet it reminds me know the modes you of someone who's like kind of you know clinching their TV it reminds me of that and that's just not what you look for in a card's not good. Yes definitely that this one would look at Hirsch Schroeder from the union and turtles it's. When he delegates at a lot of growth. So let's. Let's get past the kind of and you know the sheet metal everything on the outside how's the car actually drive. Other cars you drive really nicely gavel on is Toyota's luxury sedans it was a very comfortable car and comfort was a big focus for them but if the new model with 2019. More corrupt he's more comfortable ride called the adaptive suspension to. The basic idea to try to make a really comfortable over the costing really nice score to drive. A step up above the camera into the luxury and they've really knocked out of the park built between nineteen Avalon if you get outlooks. Drudgery of frugal. Tim what's what's the difference between this vehicle and an entry level Lexus to make it it. What do you get anything different depending on the you know what your bind. It actually getting to be a little bit different though difficult all the different at this point because this really is nearly upper Echelon of what Toyota offers and it does overlap with some of the lower and Alexis yes to that kind of thing. A what you're looking into a little bit more in terms of that the basic feature package for example this car comes with. A lobby got this big east of which you might have to pay extra for electric and like automatic or is he breaking. Automatic IP headlight thing like that are all included standard here Elon at functionally based built right into the car. But maybe that the trend won't be quite as bogus as much as humans now. Tim a lot of love. New vehicles in recent years have made increased use of touch screens which is kind of a pain when you're driving because you can't feel the buttons that you're looking down and maybe getting into an accident. It is that the case on this one as well. There is quite a bit more touch up on here than we've seen in the past but the new entry system purgatory is much better than he used to be much more responsive at the entertainment system that runs along a bit of radio and the other apps as well. But there are still a good compliment a physical button and hear things like seat heaters and HVAC controls so. Mean factions are still figuring out what the right mix is between green and physical controls. I think on this release is pretty good mix and you do have apple corps played mixed into you've got to apple Smartphone. Of course we goat or it's still not offering any embryo. Aside from the strange front and any other negatives to this vehicle that stood out Tia. Not really at this point you know we we didn't have a full week with a car we have done a full review just yet but overall we were really impressed with how everything dress from these fuel efficient fusion hybrid system to get to 44 miles per gallon combined. Although it to the right call again which is quite good so that's really no complaints. So overall the story on this is the front end doesn't look great but when you're behind the wheel doesn't really matter to you and outlook and added anyways he got accurate. Tim thanks for the time. Much Tim Stephens from CNET roadshow to augment the 2019. Toyota apple and how much peace is gonna cost us of those I believe they start somewhere in the ballpark of around. 33 to 34 but typically your pricing those in the low forty somewhere in that race as a high end car. It is yet seats this is not a base level cart Alia the starting price is about 335. Mouton and you can get up to probably the mid forties someday hold their value. Most Toyota's typically I mean they're now they're built for the long haul Hondas and Toyota's you get do pretty well Hondas you can run for 250000 miles and it would operate in this one. We'll see those bad markets are the Dow's up a 115 points. Foreign investors have lost some of their hunger for US debt this could be a problem persists I've been talking about this for about six months now and the Wall Street Journal finally an April picking it up actually this is one of the big concerns out there is. You know historically. The US debt has been financed. In large part over the last 2030 years by foreign countries buying significant chunks of our debt so saudis China the saudis air Middle East in general Eric everyone's been buying union has been a ton why did they buy US. Because it is. He's safe store of value when things you're gonna get you go back to the financial crisis everyone flocked and treasure to okay. One statistic it's out there now is in this is a little bit. Technicals I don't wanna go too deep into it. What's called the bid to cover ratio for treasury auctions pretty much what it says let's say you have a hundred million dollars in treasuries that your auctioning the ratio is the amount of money over that it's actually being beat on so if you have 200 million dollars beating for a hundred million gates to the one copper. If you go back eight years the ratio was 3.4 once that meant for every dollar that the US was putting out there and depth. There were 3.4 dollars wanted to buy what is it now it's down to two point. Six Dick I was looking at the yen the German. And it has a lower yield on it in the US treasury does that mean should I interpret that as meaning that. Germany is a safer place to invest in the United States is I don't is that the interpretation no the interpretation would be that Germany has a lower rate of inflation and currency lower need for higher rates at the moment. It also means that the European Central Bank doesn't need to raise rates in order to keep investors interested because there county jail in you're in European debt. So it with the US you have a case of hey we've got higher inflation fed might need to race for there plus you have less people were wanting to buy US treasuries now you might end up with a little bit of the funding crisis this is something I still can't think like if you're managing. Pension fund. Her anywhere in the world. What is more reliable than the US pressure I can't think of a currency that I would trust more in the United States so here's the big question is let's say that there is significant inflation. Can can the US afford to raise rates sure. Raise taxes. What will her. Maybe that's. UCLA tour think the Fed gets it wrong knee the knee or we're gonna raise rates were gonna lower rates to keep in mind raising taxes hurts the economy that there here's the question does the feds say it's more important to protect the dollar at all costs. Or protect the economy you can't have both. You know you can't pay the markets. Pretty good day for stocks we'll see that holds on. We thank you for stopping by today its trucks is not a Tucker Silva and Barry Armstrong signing up for today but we'll be back tomorrow.