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Full Show 5-10-18

May 10, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. The price of oil is on my mind and look at what's going on in the Middle East I consider Venezuela and look at the Scottish workers maybe they're gonna go on strike. It's a lot of factors that are in influence what you are going to be paying for a gallon of gas I everybody's buried truck. With few here it's a Thursday morning and you know I think chuck. The folks that are my age and older. Ers guard from our previous experiences back in the seventies as a relates to oil. And you know you've you've seen high oil prices you've had to pay a dollar. That you had to pay four dollars a gallon for gas Aaliyah. We've never been in this spot we could. No it's true I I've never seen a situation like that. For young folks if they just never experts because it was back in the seventies where what I used to do chuck would die I'd put my bicycle. In the back of the car. Just in case no you put your bicycle in the back the card and you would dry you work car to the gas station you parked it in line. Right to buy gas occasionally allowed to buy gas every day yup he parked it in line and you ride your bike home. And then the next morning you knew if the gas station open at six. You knew he had to be back in your car 0:6 AM so that's I used to kill ya otherwise you'd spend. Literally be able spent all day Witten to buy gas coming out anyways I bring this up because. Oil prices continue to rise right now there are actually down by pennies but it crude oil trading at 71. Dollars in nine cents a barrel. And I worry about this thing here I worry about Venezuela. In in and you know are they gonna drop another 500000 barrels nobody wants to go down there to to pump the oil. Known in and I don't blame anyone for not wanting to go down in the country is. Falling apart might be putting it nicely and he pretty much there. They're just trying to stay solvent at this point they they bitten they're selling anything that isn't anything isn't directly attached to the ground you can pull off the ground. They're trying to sell just stay solvent as we explain though why oil companies won't go down to Venezuela because they Eddie got people may not understand. Why the reticence to do business and then as well while number one you've got potential for the Venezuelan government taking everything that you produce their anyways which they've done which they have done number two was the possibility of continued an extension in more extensive US sanctions saying hey look anything that you produced in Venezuela. We won't let you sell on the open market so you might not be able to sell what you produce anyways. And obviously then you've got just the instability in the country where you don't know what your labor situations and even beef from week to week in me it's. It's it's trying to do business in a country where you don't necessarily trust the government you don't necessarily trust people it's like he's and they say I don't know how we can do business here. There are only producing one point 41 million barrels a day soloist they produce in thirty years. But there's the potential chuck quirky declined by another 500000. Barrels that is not insignificant EU take 500000 dollars off of global production. From one country that can move the price. It can mean it's it's not going to be something that moves the price 220% but it could be a cause cup more dollars moving up something along those lines. The big thing that you continue to watch at least that I continue to watch on that in all of this is what happens with US production. And we have more data last week US production up an additional 100000 barrels a day last week up we're pretty much increasing production somewhere between. 69 the bear 90000 barrels a day every week at this point. So let's say that you did see an additional 500000 barrels come off line all the Sydney say okay Venezuela can't do this. I do look at it from the perspective OK we probably reached equilibrium just from the US production within about seven weeks you know less than two mausoleum make it up. Yeah it's if it's a candidate can make apple can't candidate right I'm just looking at the US so you factor in Canada I mean. Again the US right now is a ten point seven million barrels day most oil that we've ever produced on a regular basis and you go back just two years we were eight point two million local sacked 1015 year book just emea in Iraq in recent history though. Now as far as what is being exported from the US somewhere right around two million barrels day that's that's the ballpark of what we are exporting and from the US right now. If you do see countries like Venezuela. Struggle with their production we don't really import much oil from Venezuela and that we import any movement from Venezuela right now they actually need our oil to mix with their oil wanted to export. What would likely end up happening here is that US exports would increase helps a little bit from about a balance trade respect. There the I think Tucker we need to give chalk one more opportunity. To change his prediction in terms of number of interest rate hikes this year. That's not allowed not allowed not he's not a lot of on the board a report for Korean buster reporting this morning that we had. Core inflation coming in weaker than expected it point 98. Point 098. Month over month. The two factors influencing. The low inflation number used car prices dropping by one point 6%. And air fares declining by two point 7%. I'm sticking with four likes new. You know especially because keep in mind for the month of April when a lot of the production that have been done on those on the pricing that had been done at that point. Was prior to a lot of the trade concerns that we had I think again watch what we see. Starting. Watching June through September. And see what we get there nip and I've been it's going to be above where people anticipate you liked in the ten year tenure treasury to 96 mortgage applications ticking up a little bit. You know the because. Costa monies come down week when we peak at 3033060. Yeah we junior got right in that range we are back up at 3% I think on Tuesday of this week very briefly. But it's we've been recovered right around that 3% mark and and you know I think that's that's probably where you are for the foreseeable future barring a change in inflation if you do start see this stuff come through. I think three quarters three and a half is is a reasonable there. Here's something you may not know there are 120. Million households in the United States. As it relates to homeowners there are 77. Million. So that means the balance are people who are renting their homes. The homeownership rate stands at 64%. That's kind of where it's being in that that's the that's kind of helped the average that you tend to see the does that change now with the increased and a number of women in the workforce he would do. Does all the sudden is there walked me through. Well he you've got now many more do low income households than what you had. A twenty years ago fifty years ago Coca when they're making a lot of money when the nurses were there doctors lawyers there there. Make it a good way to wage okay spared disparity is on the decline okayed the still it still exists. But my theory is maybe see household ownership goat homeownership go to. I don't know 6869%. Because you have so many dual income families and you look at both of you right you're you're both. Married you both thirty years old and you both have wives that work full time. Think you can probably make the case that part of the reason why we've seen increases in prices season is because of that factor but I don't know if that leads to more homeownership if prices go law. You know her have gone up homes are more affordable now don't just because you have two people working is just a bit the cost of whom has gone up. What is surprising. And I thought to be in this camp of not 34%. Of the 77. Million homeowners shock. Our mortgage debt free that's 26 million households. Owned their homes debt for that higher or lower than you expected. Well it means lower it's lower yep weight eating a lot of retirees would on their home. I figured a lot of retirees and also people on low cost of living areas here you go to a lot of parts of the country and you can still find properties that might only cost a 100000 dollars and you know paying something like that off even with lower incomes than what you have in the northeast. I think is still pretty feasible for a quicker period and a thirty year time span so a lot older folks. On their homes right I know abducting and my parents in their late seventies a naval their home out rate for twenty years of surf. You know reader I think a lot of retirees alone I wonder if this changes to based on the new tax because it a lot of people that. Had a mortgage that are are say you know why keep a mortgage on the house who got money in the bank when it does pay off the 80000 colleagues of doctor. Well can you go fee if it's the standard deduction is so much better now the EU even be allowed people that market that are gonna say that's an eye on. Well isn't there it's anticipated he's going to be decrease in the month number of returns item Austria beat by inmates he sounded I don't know if it's gonna be huge you know you might see. A million households pay it off but at a 120 million is not really make any huge dent well 34%. Homeowners. Own their homes outright and we have a poll question today which is exactly that do you own your home debt free. You can participate in our poll by going to our web site financial exchange showed dot com or you can access. Our text number is 63566. Mine named Barry at the beginning of your text. In will receive written if it's pertinent to our conversation will read an on air do you own your home debt free financial exchange showed dot com. Mayor Walsh. Going after air B&B when we come background conversation. About the mayor's attack. On air B&B is it justified when we'll talk about it when we return. Have a question for Berrian junk. Now you can text us at 63566. And take part in the show at any time to start your text through keyword Barry and join our exclusive club. This is the financial exchange radio network. Are you thinking about transferring your home to your children are protected from the nursing home did you know that if you do you put at risk for your children's creditors including future divorces do you really want to write a check to your former son or daughter in law just to buy back your own home -- this is Todd -- -- and I want you to know that not only does transferring the property put your home at risk but it can also create a huge capital gains tax when they sell it right now the federal capital gains tax can be as high as 23 point 8% and that's an addition to your state income tax there a better ways to -- your real -- that can protected from the nursing -- keep it away from your children's creditors avoid probate and not cause unnecessary taxes -- got a brand new guide to real estate -- out this month this free guide we'll show you the best way to -- different types of realistic call now for your free copy at 8668485699. Or download your -- immediately by visiting legally exchange showed dot com don't put your home at -- 8668485699. Or log onto legal exchange showed dot com. Hi this is very Armstrong and if you're getting ready for retirement you probably have at least some of your portfolio invested in an IRA or Roth fiery third differences between two both types of accounts are popular but there's an important change to the raw fiery now that president Trump's tax reform bill has passed Roth conversions are now permanent so if you attempt to convert a traditional higher rate to a Roth a higher rate after January 1 of 2018 that change cannot be and done if you have a Roth IRA or were thinking about converting to one find out how the elimination of this tax friendly provision can affect you call now for my free guide about Roth conversions the number is 803934001. That's 803934001. Or you can download it right now at Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are. Unaffiliated. Everybody it's very Armstrong and Jake tool Jay is the executive vice president at leader bank. And we're here to talk about a brand new product available for landlords it's called Z deposit dot net Jake. What. Barry we created a security deposit product. To really help the problem a lot of land border facing with security deposits which is. You know one it's time consuming to open the small inaudible security upon cumbersome it's. And yet to go into the bridge yes signed paperwork and their small dollars and Andy turn. And it certainly the complaints in Massachusetts really tough for landlords and security deposit accounts. You have to give them ten in certain forms when they open up the count and you have to pay interest a new and we should do all this canal through Z deposit all of that you can do through Z deposit it literally takes about forty seconds to open up an account. We handled the automatic forums that are generated in the account number department condition statement all that said lieutenant. And the interest descent to the tenant. Automatically every year. This sounds like something it's going to be very valuable to large landlords it might have 200 tenants and small landlords that might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to manage it so we make dad very efficient for the small landlords a lot of them are afraid of nineteen complaints done correctly so some of them. Some of them don't even like taking security deposits were hopeful that this will help them do that. Folks if he'd like to learn more about C deposit go to their website Z deposit dot net. Or you can call and speak to somebody on disease deposit team it's 7816418691. Or online at Z deposit dot net it helps. Landlords managed care Tenet deposits two great concept you might wanna learn more about 7816418691. Security suffered through securities America income member Sandra SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchange for Barry and chuck is alive on FaceBook and YouTube every morning beginning at ten and this is the financial exchange radio network. 34%. Of American homeowners. Own their homes outright. 46%. Shock of our audience owns their home at least that's according to a poll surprise as part just the can participate in the poll by going to. Financial exchange showed dot com. Six a three rights. There are paid off my house at age 4110. Years ago I worked overtime and odd jobs no mortgage no car payment like is good like would be. And that the car payments no mortgage. Good place to be non car payments of the worst like mortgage I can at least that you need a place to live you know car payments it's like. Yeah you need to carve them like you're paying for something that's going down in value every time you step in to say pay an office that to secure worst. Let's talk about air B and he made for the benefit of our listeners that are not aware of what it he has. Because it's new it's it's not new when he more public piped in your till ten. Is it now what is. Air I know the I've I've never used as should be a poll questions you still never used it. I've never used it to rent a place my wife uses it to rent out some of her properties a used. Most recent time was down now and what's New Orleans this winter but I used it down there and had a great XP here you know this past weekend after it. Every NB it is a service that allows people read their home out on a daily weekly monthly whatever basis they want to they can set the rate that they want to charge for one night or near one time period in their house. And it allows people to match up on line. You post reviews of the place to stay there were the poor person who owns the place post a review review so it gives you a little bit of feedback and people know OK Jimmie doesn't clean up where Iraq and Iran to him. And he pretty much allows you to turn your home or second home into a hotel room for you know. Times that you're there so Tucker you used it recently says desperately read this past weekend where did you go Dallas all right and what did you pay per night for here being well it was a bunch of bunch of guys I think it was ten to twelve so for the entire weekends at the end of the day we paid 99 dollars ahead. For what two night's three nights two nights tonight tonight and what would it have cost you and hotel in the idea. Probably what a book fifteen night maybe two on and acts of America and probably not a very nice so I think we run went in the world instruct you that idea nice place I was two beds it all been updated renovated in the last couple years or so so from a consumer standpoint how much do you see me. Verse is hooked up. Depending on the town thirty to 50%. In the does air B&B if you rent your B&B in Boston. Do you pay rooms tax no. I don't believe they're being beat collects from tax and most of the places operates well out and only the in the Virgin Islands containing the the impose that a lot of lot of states and communities are going after I haven't seen any of the places I've stated no no no roots tax. So mayor Walsh. With what's he doing great what it sounds if you listen to the radio ads that are running in these are radio ads that are running on behalf of air BB. The the the consumer makes it sound like they're being attacked by an air. So the newest proposal. And this is the one the just put out there there's another one in January than the newest one. Says that rentals in investor owned units would effectively be banned except for corporate rentals of ten nights or more OK so. If you are an investor who owns the place don't actually live there and rented out onion times we are not there have come pretty much wouldn't be able to do notice how many places are there in the city and a couple thousand. Better 2000 an apartment in it 2000 apartments in Boston that's just the city boss that doesn't include Somerville doesn't include revered doesn't include Lynn it to you know there it is just. Boston okay so. The end and the mayor saying in this theory that the mayor is espousing is that these 2000 units could be made available for rent. For other purposes and that would drive down the cost of rent low rent or purchase you know it is their people who bought these saying okay. Is said and here's the example give so let's say that you have a two bedroom in Boston's being a nice neighbor was called Beacon Hill yeah okay. You might rent that out for 200 dollars a night and so you can get in theory 6000 dollars a month. In rent that way. Well no it's actually gonna pay 6000 dollars a month for Beacon Hill too bad that they might pay 3500 and they pay for now season but they're not paying 6000 dollars a month sport now and so. The thought is if you can get these units back into the housing supply it'll reduce rents it'll reduce your costs and so forth as we know. The cost of buying property Ian yeah Boston in particular. Has gone up significantly and this is something. That a lot of cities have seen some Eagles had a whole bunch of problems this is well with people buying new double or triple deckers and renting the whole things out and on air being being un are being beaten. You know. If all hotel owner. I'm I'm scream and bloody murder that they're not paying tax. They say you on the merit Copley and what what's the rooms tax rate in and usually roots tax raise is pretty high. Rate the anywhere from eight to 13%. So if I'm if I'm running a ten point 45%. So that's at that you're right off the bat air B&Bs at a substantial pricing. Different they do but keep my boss and as one of the worst hotel shortages in the country name they don't have any problem filled rooms Boston as the highest hotel room prices in the country while. Higher than New York. Higher than me because we there's no hotels aren't like you look at in this Tuesday dramatic shortage of them now. Beyond the build one. Thing that I I think the mayor's gonna struggle with this he wants to limit somebody owns two family. And lives in that 2 PM when he wants to limit how much they can rent out there being built the second unit that was third unit so here's the. Is we we have zoning laws for reasons that cocaine and the reasons are you know you you say OK I don't want to be living you know I'd. I was told I was in a residential neighborhood in the building next to me zoned for residential and all of a sudden. I've got people coming in and out every night in new you know and and it's causing additional traffic gum Estrich is people were you know being dropped off. And so we we put these things in place for a reason NAND every NB kind of said okay like there's nothing against doing what we're doing at this point. And it's a case where technology has moved faster than the regulation in up to leave their people in neighborhoods that say. Look I used to have a neighborhood where I knew everyone around me up in all less than half the places or they're being B units now I don't know like I don't have the neighborhood that I used to. And their big number of instances where they're being beat tenants have rented a place in the throne of the party and trashed the place. And and cause neighborhood problems definitely pay for it though. And I let it get away with the neighborhood doesn't pay for potentially the people who rent and paying for your NBS things that can stop that now but. I just look at it from the perspective of it's disruption to communities. And I don't think that you'd necessarily and it but I think again it's it's like anything else to say OK look. One we have a certain license that you need to apply for any keep a certain number licenses and you say okay here's here's what we do because. We we do that with everything else hotels we say okay you have to have a specific licensed operator hotel. I can't just go and build a hotel without a licensed operator because there's certain things that you have to ensure. You know you've got to have years you fire exits in this now and the field okay fine. With their B&B it's kind of in the wild west and I'm not saying don't do but I'm saying look if all we're gonna have as this you know. Outburst of people who just wanna buy places to rent them out. Anything that's what's happened I know what's what's happened. We're it would it would have a meaningful. Impact on pricing. And then if you bought a place a year ago you're gonna say what Jesus has helped me because I've paid the higher price. It's not about helping individuals. You know it's about building a system that's sustainable now. You know all we wanna do is here you have individual as a problem we're gonna get any I understand but do you think you would have a meaningful impact either on rent prices home prices both. Both yeah I think you're talking somewhere in the ballpark is three to 5% while. California. Is taking a big step. Towards requiring solar panels on any new home that is constructed were to talk about that and we'll have Wall Street watch. When we return to the financial exchange. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent today with 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 we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot meant to learn more or call 7816418691. If you have a Roth IRA for personal investments here's something you need to know under the new tax reform bill Roth conversions are now permanent Colby Armstrong advisory group right now and get their free guide about Roth conversions the number is 803934001. That's 803934001. Or you can download it right now at Armstrong advisory dot com securities are produced series American corporate member Finneran said PC and advisory services over the mysterious American advisors incorporated Barry Armstrong were presented at Armstrong advisor group in the securities America companies are unaffiliated. If you're landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's -- line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank required does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Are you thinking about transferring your home to your children or protect it from the nursing home did you know that if you do you put at risk for your children's creditors including future divorces do you really want to write a check to your former son or daughter in law just to buyback your own home -- this is Todd -- and I want you to know that not only does transferring the property put your home at risk but it can also create a huge capital gains tax when they sell it right now the federal capital gains tax can be as high as 23 point 8% and that's an addition to your state income tax -- better ways to own your real estate can protected from the nursing home keep it away from your children's creditors avoid probate and not cause unnecessary taxes a got a brand new guide to real estate ownership out this month this free guide we'll show you the best way to own different types of realistic call now for your free copy at 8668485699. Or download your -- immediately by visiting legally exchange showed dot com don't put your home at risk 8668485699. Or log onto legal exchange showed dot. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all -- bank locations bank locally and -- your -- -- could just make sense -- -- -- a call and learn -- call 8776917900. Or -- 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 -- back a step ahead this is a special announcement for -- landlords chasing -- -- rent payments and making trips to the bank to deposit checks take a hassle -- -- Wednesday -- -- and -- banks all -- -- collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more -- you -- your payments for each -- to receive regularly on the same day every month tenants pay nothing in the first six months -- free for -- landlords visit WWW -- -- -- -- meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today but I do Berrian jug right here on the financial exchange radio network. 978 Wright struck. Very have a small mortgage in my house a low fixed interest rates so the extra money goes to the market can pay off the mortgage many times over. So he does still have a mortgage. 52 point 9% of our listeners don't carry a mortgage on their primary as polls are listeners are smarter than the average once you know it's just and be a nice place to live right. No debt we have it really well you have as your property tax bill which a sizable. And you had your insurance. That. A pretty good place to the end if you get a new englanders go down pretty significantly to rededicate god. The property yes cape as barrel property taxes usually about half of what most people plain mass. California taking a big step to require solar panels on any new homes that is construct now this. This announcement. Is being met with a lot of criticism and for the life of me I I I tried to be opposed to the concept. And I just can't do I I. I actually think this is Smart California remember. Is still in need go to California New Mexico Arizona Florida southern part of country then still growing dramatically. In if they don't require this type of thing where new homes being constructed. Are built solar they have to build up more power play. Well here is that the question that I have on it is. When we look at this from a cost perspective that this can grant that they're estimated to be about ten gram my guess is always say take whatever they give you nabbed 20% to appear as Welker so called twelfth. Why are they requiring it to be built on the house's. Well why not require an offset for utility scale solar wind then. Because we know that utility scale renewables are significantly cheaper than single install. You know models because the. The year instead of putting up forty panels your putting up 4000 panels. We bring up the same number no matter what you build a thousand houses rightly you're saying that 4000 panel yeah site is going to be more cost effective significantly more cost effective the the countered that argument would be. The best time put solar panels on house is when it's being construct a why they need to be on the house you can build cheaper somewhere else and I really you'd be making good argument there. The thing it's ironic he here's the thing that we're I think. The criticism is unjustified. And add about forty dollar Q monthly payment rates or fewer to buy a house in. In California and they've required that you make that extra payments can cost you forty bucks and is it safe to eat a month and your electoral. It and that's the thing is when we look at the all in cost this is something that we talk about a lot when we when we look at the cost of homeownership. It's not just your monthly mortgage parakeets all you utility bills as well and so when you look at the offsets that you pick up. It will pay for itself over the course I just wonder if there's a way to do more cheaply because I look at the utility scale stuff that you can do Maddon and I say. Look what you just required the builder to purchase you know a thousand radio. 6000 dollars worth of offsets Newton and all of a sudden you can get the whole thing done more cheaply anyway. So what are you suggesting that if the bill let's say because we don't see this in New England where somebody put in 500 new homes. CIA saying there's no word of that happens up here nobody in California and in Florida and Arizona you know you're not not 500002005000. Home development suburban sprawl. So what you're suggesting is that if they're gonna put in 500 homes that they have to designate certain amount of the land and build solar field. No I'm not even saying that they build the solar field themselves I'm saying always buy it from somebody else no I'm saying look you create a fund in the state to California for specifically. Solar or wind project would everywhere I don't care what kind of renewable is that they wanna go to whatever they want a right to merit but he simply say look. If you're building in new single and went home you gotta put 6000 dollars in this fund for each held for each home so you've got. A thousand homes that you building you get the six million bucks in. To this fund and then we're gonna go in designated site for solar grow so what are we building why do you think California's on this I think the headline sounds good. You know I I think that moving towards more renewable energy makes a ton of sense I don't mind saying look we we can't continue to do we're doing is we know how big California. California by the way if it were on its own and would be the fifth biggest economy in the world. I'm trying to figure out if there any other countries I have heard that Israel tennis today couldn't substantiate that. In terms of countries that are requiring this kind of thing. So when I inherited eighty years ago I've heard that Israel insisted that if you're gonna build a new house you had to build solar in the night try to substantiate that. Let me pull I can't remember exactly what it is but there are couple areas that are moving towards this but are completely. But it starts in California is it reasonable to expect to hear and see the other states come on line and say the same thing so California is unique in that it's always had energy problems that you make it's it's never. Had a working reliable energy market mean they were the state that was hit hardest when Enron was messing around energy market back in the late ninety's and early two thousands because they just had no idea how to. Build a working energy market. So they're kind of unique case the do tend however to be somewhat the front runner on these types of beings in that. What they adopt as a standard ends up being the standard over time just because of the simply just because how big the stays again it's it's. California on its it was the fifth biggest economy in the world they didn't when he put it in that perspective. It we've seen it with I'll. You autos is a key place that we saw a lot of the emission standards that are put in place by California. In the becoming standard cross country skis on the dancing so many. It with a just say look this how we're gonna do appears were doing this everywhere. And and that's how it ends up being so I think there's a chance to see if but I think it's still a long way away for a lot of states. Folks if you are getting ready for retirement. You probably have at least some of your portfolio invested in an IRA or Roth tire there are differences between the two and both types of accounts they're both popular. But there's an important change to the raw tire re. Now the president Trump's tax reform bill has passed Roth conversions. Are now permanent so if you attempt to convert a traditional higher rate to a Roth after January 1 when he eighteen. That change Campion done if you have a Roth IRA workers thinking about converting one. I don't have the elimination of this tax friendly provision in effect do you call now for the free guide about Roth conversions in the number is 800. 393. 4001. That's 803934001. Or you can download it right now at Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. 603 asks how many panels does each house have to have. That the key the builder can only put one panel on each house does that pass have to be 100% off the green nut house doesn't have to be off the grid. And that's actually part of the other problem with California law is the grid is saying that the utility company struck are coming back insane. What are we gonna do this excess power we don't need. Well and in Indy and they're forced to buy it in that's the thing is it's it's not part of a comprehensive energy policy in this is why California has problems with its energy grid is because there's no uniform policy it's O we wanna do something green let's just throw panels on ever roof. Well that might not be like it might be good from an environmental perspective but in terms of actually building a functioning energy grid. I don't know if it works and in most of what they did in California says that it. Doesn't and then then you get into the issue batteries and you know. In it gets complicated now. Yesterday we reported that the Ford F series truck may go off line may have to stop. Manufacturing before answers truck that is in fact going to occur they went offline today. In Kansas and Michigan. 7600. Workers laid off yet in this is. A vehicle that they sell about 800000 of in a given year. And they. They're gonna lose production somewhere between 1520000. Vehicles for each week that they don't produce they've. 84 days of inventory I checked. Of this of these these vehicles and where. Right so the end of the week to me is that tomorrow. The most they mean the full week which there's real debate is whether the weekends on Saturday or Sunday no one's quite sure about that is kind of one of those questions like you Iceland Calgary up really leader really early in my in my swim calendar says that the weekends Johnson. But he Ed regardless calendar and it track Iceland's. The good swimsuit calendar and non capital trust we don't we don't need that. No the in terms of the answer each track. They would have to probably go off line for anywhere from ten to fifteen days before it really creates a problem if this goes through next week. All of a sudden by the end of maiden you start getting inventories down to where you know fourteen writes these things higher. Why why are they doing this they had a problem one of them when their plants went down that produces like some of the pieces for him there. Display and speedometer odometer and stuff like that planned burn down Tucker now. When he had a bad fire in that plan. And as a consequence. There a lot of their production has come off like a imagine gym packed it's not particularly thrilled about this he's the Utah about a guy knee you know him and Flannery AG. And a clean and openness and the mark fields to not to a great jobless with forward now and if target Tel Mosher in there and I've got a friend who's a good friend who's. Little classmate mark fields and so I've heard the other side of that story and it's it's the it's a mix that there are other living with lead with a mass stocks on down. Ford's stock now up half a percent as a 54%. Of our listeners all their hold it for. That's a remarkable what do we say that number was nationally 3734. Now 34%. Sears getting into the tire business with Amazon has this moved the stock pursue your substantially I don't know faces the real story. I feel lake. A lot of people want seniors to succeed just because you know they remembered going to the stores a kid in like and I remembered owners can that's where we bought lawn mowers and stop and you know I feel like people want them to succeed more than their actually going to succeed so this is a deal with hands on where you buy your tires on Amazon. You schedule your appointment on Amazon. And you go to your local steer story have been installed how is that different then I called I analyzed tires on Amazon. Well beauty charm started by surprise. When nobody here's here's the thing so with if with tires. Okay. You've got to get the car to wherever you're installing them to begin. So unless you're installing them home. It doesn't make sales to have been delivered and if you're installing them home and tell you would have been delivered to this year's vocations and why why wouldn't you just go there to begin with and by your tires from Sears how do you guys buy it I don't result in tire and buy tires do you wait while it's done now. I'm about tires and while solved him indeed when you do it do you make an appointment dirty just walking. I've I make an appointment because they need to have the right tires or your car so I make an appointment and I says okay I'm gonna sit there and readable for an hour and called today RC years ago when I did own a car I bought it off of tire rack which had really good prices. Tireless story I saw this announcing yesterday saw the stock jumped 22%. On this tire deal. A just a I wasn't feel. I just. Again I don't understand the point if you have to get your card where the tires are anyways and why not just go to wherever you're gonna get the tires and even go to their website and by them like. Don't know it's. People who went by attackers from Amazon. Evidently they do evidently you. AI up next for be talking about why Americans. Are spending more money for their candidates than Canadians it's not fair why why is. Can't of this. Substantially less expensive in Canada than it is in the United States that is our next topic on the financial exchange. Do you vote on our daily poll question had financial exchange show dot com while you're there fire of the media player and watch the show while you work. This is the financial exchange radio network. Hi this is Barry Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about easy 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 attendance -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank step ahead. -- this is very Armstrong and if you're getting ready for retirement you probably have at least some of your portfolio invested in and diary or Roth fiery third differences between two both types of accounts are popular but there's an important change to the raw fiery now that president Trump's tax reform bill has passed Roth conversions are now permanent so if you attempt to convert a traditional higher rate to a Roth a higher rate after January 1 of 2018 that change cannot be and done if you have a Roth irate or were thinking about converting to one find out how the elimination of this tax friendly provision can affect you call now for my free guide about Roth conversions the number is 803934001. That's 803934. Zeros or one or you can download it right now at Armstrong advisory dot com. Terry suffered two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities American companies are unaffiliated are are strong here and I'm. Joined by Todd let's keep from the law firm Cushing in dole and were talking about something that sounds pretty basic but how should you all your real estate. Todd if you're real estate is in any nominee realty trust. Is that going to be protected from the nursing home and also will it avoid probate when you die out most miss understood. Trust I think in the trust world it's not even a trust it and nom and the relationship nominee realize distrust I note but it's not. What I mean by that is. When you put your property into a nominee realty trust folks please go look at who the schedule beneficiaries are that you listed to separate piece of paper attached if it's the children and you gave way to the children you don't even know anymore you don't realize you gave it away because it takes effect immediately not your death. Which is the difference and many people think that that doesn't take effect till your death. More importantly if it's. If it was like my wife and I in the schedule beneficiaries as my wife and yeah well that we didn't wondering what's right back in mind game and my wife's name so to your light and point it would even aboard so why is it being done so. Because lots of times people like Ottawa maybe real estate attorney and they think can help the trust and throat in a realty trust. We used realty trust it's just important that the schedule beneficiaries. Is another estate planning trust revolt cobol or reap or your correct there not a person not your kids not yourself. Please look that up if you got one of these. You know it sounds pretty basic how ocean you'll your real estate but he gets complex as you get older call Cushing handle and and receive their brand new guide. For the different types of real estate ownership the phone number is 866. 8485699. That's 8668485699. You can download the guide right now by going to legal exchange showed dot com that's legal exchange showed dot com or call toll free 8668485699. We have part of the financial exchange in an instant. By texting us and 63566. Starter to extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Break here on the financial exchange radio network. This segment of the financial. Exchange has brought you in part by leader bank it's not too late to get a great rate on hold mortgage leader bank has some of the most competitive rates around call 8776917. B 900 or visit leader bank dot com for more information. Redirect is an equal housing lender member FDI CNN analyst number 449250. A shocking I I just can't believe what percentage of our listeners all their home debt free it's now up to 56%. We've poll question if you just tuning in. We'll poll question today do you own your home debt free it's on our website financial exchange showed dot com 56 point 4% Tucker. Not to be fair all the people with mortgages might just be so depressed about that they're not. Voting in a way just not part of this. I can't do that now you know eat it used to be when you retired. You said well I wanna be debt free you up in not so much and knows it has a lot of retirees that still have mortgages outstanding well in part of the theory was. That hey you know I've got a 500000 dollar investment portfolio that's earning 8% why would I use that money to pay off the mortgage 3%. Yeah which buys into that they like I owe him that there's legitimacy of that. But at the same time I wonder with the impact will be of tax reform. And the fact that mortgages. Are a lot less attractive to all right and to have. Has mostly I think the number of people that are going to be able to deduct their mortgage interest chuck is gonna drop by more than 50% this year. So right now and in this is the data that I have from. The IRS 12013 that's the latest years they actually give you this information. There were 44 million households. That itemize their deductions. So let's see to touch me see if I can figure out how many of them to the mortgage deduction acts like I'll think person. He had the dates are ready at 978 rates very tires are much cheaper when you buy them in I've had them shipped to my house a couple of times to conceive a hundred bucks. And you know. Thank you Clinton and how much recession thing. We buy from Amazon your prime members now term. In the night I don't they do it in the ever had to return anything and Amazon yes yet they charge of that. Japanese like 45 bucks a month six dollars and 52 cents. I just did one today you returned many things are just today I didn't return and and those Lewis is a seventeen dollar item and cost him six bucks right to return. I've I've bought the wrong thing. And I got that I mean they charge because at the end of the day it's your fault isn't no no it's not your fault they bought the wrong I guess. Don't don't get me coming up on particulars in. That's not necessary. So Americans. This terrible. There's absolutely terrible my tires are more expense commons on we that we pay 30% more for marijuana in the United States than they do in Canada was better. Stuff you know it's it's not. Ma bell was 27 dollars and ten cents for an eighth of an ounce of candidates in Canada. And it's 43 dollars and eighty cents for an eighth of an ounce in the United States. Yeah right why that disparity why are Americans paying more for their marijuana than Kennedy would've been in the supply supply and demand while Canada has had. Net marijuana community the medical marijuana for a long time and they're actually moving towards a national law to legalize yeah campus when you think that'll happen in Canada. Don't know there's a lot in the you know there's more resistance to it then you might think we're a lot of distance found in the conservatives. Provinces Lexus gatlin. Manitoba. Alberta. The beard I think that was the plea Snead the most yet nothing else to do known and those are conservative. Provinces. It much like the middle of the United States canoe it's cold out there and it's dark in the winter like you know the man years CMX drink beer we can drink. Though we have look at bureau via optional Canon all the hockey players that we had in college it was impressive what they can do via the they were also not the smartest toss ceremony. And that's at their Derek generalization don't know very let me tell you what they did. They decided they were going to build a hockey rink in the first war no area of their house at the tournament. There was a basement below yeah. The weight of the water collapse the first order into the basement actually. Why didn't they just a bit outside. Good question if there can be heard in question there Canadians a good question. At any rate we conclude this hour on a day where the markets up and Dallas up a 157 points the S&P is up fifteen points. Big story continues to be oil folks have a little spooked by the price of oil at 7114. For bearable to six bucks announcements over when he cents. Will be back with another edition. Of the many states in about ten. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing co lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank. A step ahead if you have a Roth IRA for personal investments here's something you need to know under the new tax reform bill Roth conversions are now permanent Colby Armstrong advisory group right now and get their free guide about Roth conversions the number is 803934001. That's 803934001. Or you can downloaded right now and Armstrong advisory dot com securities are produced series American corporate member Finneran said PC and advisory services over the mysterious American advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Are you thinking about transferring your home to your children or protect it from the nursing home did you know that if you do you put at risk for your children's creditors including future divorces you really wanna write a check to your former son or daughter in law just to buyback your own home hi this is Todd let's can I want you to know that not only does transferring the property put your home at risk but it can also create a huge capital gains tax when they sell it right now the federal capital gains tax can be as high as 23 point 8% and that's an addition to your state income tax there -- better ways to own your real estate that can protected from the nursing home keep it away from your children's creditors avoid probate and not cause unnecessary taxes a got a brand new guide to real estate ownership out this month this free guide we'll show you the best way to own different types of real -- call now for your free copy at 8668485699. Or download your -- immediately by visiting legally exchange showed dot com don't put your home at risk 8668485699. Or log -- to 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 rant collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 781641869178164. Versions a lot of people. Set up Roth IRAs when they are working there often contributing to them on an annual basis. But the Roth conversions a little bit of a mystery for some folks are Mike what are we talking about when we talk about. Roth IRA conversion yes so unlike the traditional 401K or IRA where you receive a tax deduction for putting money into an IRA. The Roth IRA you put regular dollars in you don't receive induction but any of the growth is completely tax free number of advantages there there's no required and distribution and can be uses are really good source of tax free income later in retirement. When you convert in higher to a Roth IRA which are doing is you're taking money out of that traditional account. Putting it into the rock paying the taxes upfront. In order should never pay the taxes on the growth down. So this is a case where you actually voluntarily decide to pay the tax usually with the idea that you're going to be in a lower tax rate rather rather a higher tax rate later on. And so this gives the ability to not pay taxes higher rate later. Absolutely correct so oftentimes people do it in a year which there and lower tax bracket intentionally. But I'd be very careful about when you do it. Folks Roth conversions they can be a little bit Dicey just trying to navigate the different tax brackets and so forth. And so are strong advisory group has put together. A great free guide to give you all the info you need on the Roth higher rate conversions. It's available right now at our strong advisory dot com in it doesn't cost anything to get it once again the only way that you can get this guy is by don't Armstrong advisory dot com. And you can get the guide titled an important update on Roth conversions for free. At that address Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SAP C and advisory services are for their securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Precious metals are Smart meaningful investment one ounce and 110 down silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead hi this is very Armstrong and if you're getting ready for retirement you probably have at least some of your portfolio invested in an IRA or Roth fiery third differences between these two both types of accounts are popular but there's an important change to the raw fiery now that president Trump's tax reform bill has passed Roth conversions are now permanent so if you attempt to convert a traditional diary to a Roth a higher rate after January 1 of 2018 that change cannot be and done if you have a Roth irate or worth thinking about converting to one find out how the elimination of this tax friendly provision can affect you call now for my free guide about Roth conversions the number is 803934001. That's 803934001. Or you can download it right now at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated time for bank the pays you quickly about consumer award 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 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 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 -- -- called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed. End up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. Hasn't ever bothered to that we need more. For drugs in the United States and be our counterparts in other parts of the world. Well the trump administration taking aim at that topic can we talk about it. China is drawing up a shopping list of American goods in order to avoid a trade war also in China start to come around. And then we'll talk about brewers brewers have a major problem. Broad consumption of beer is on the decline and we'll talk about the impact on companies like in and then. Coercion name we'll talk about it hi everybody it's very truck with you here on a Thursday morning. And I don't still goes on there used to be. Bused to worse chock. We're senior citizens would get on a bus driver over the Canadian border you know rude up of route 91 or 93 evening go to Canada. Buy their drugs and then come back south. And drug boss the drug boss thereabouts. Yeah. It's it's because if you look at the cost of prescription drugs in. Now we're not even talking about developing nations were talking that developed countries are Canada the land case Switzerland Spain Germany France you don't know these countries. We generally pay the highest prescription drug costs out of any of them why. I don't know the logic is the ace it you can afford to you're richer America that's the exact logic that is that's terrible. And I don't disagree day and and I guess the the mindset. On the part of the drug companies say this the part that would would be bothersome right. You're you're paying a hundred dollars a pill in my Canadian cousins are paying ten dollars worth that ninety bucks go. Well it's in and you're not far off on some of these are giving example this is the drug an axiom which is our government can can now okay. In the United States okay the cost in this is from 2013 is from the international federation of health plans okay. It cost 215. Dollars for that prescription. In Switzerland it was sixty in Spain it was 58 in England it was 42 and in the Netherlands it was 23. So was 90% cheaper in the Netherlands. Even though the exact same drug and by the way. If is that because the government of Switzerland is subsidizing the cost or is it because. The drug companies are charging what this this is the total cost this is this is all evening when you factor in all those peace so why. They like what's the logic yes Switzerland is a rich country they're richer than we are. I'd I'd I don't. It's it's nothing other than they can charge more there because of how the health wins the last time anyone shop for health care in the US based on price. Nutty to you again it's so rare to do it's so rare that people don't because our system is less intentionally complicated. It's it's ridiculously complex you walk through like the billing in it's. OK so here's the list price and there's a hospital adjustment here's a reimbursement from insurer here's a re reimbursement for re in certain annual 23 dollars 7900 dollar bill some. I don't know. How the heck does that happen so the what is the trump administration want to do. To stop this or also what what they're doing is they're saying look if you want to be a make the same net revenue when it's all said and done and start charging other people more. And at I don't disagree with them on I mean I should be good for American drug companies and in theory. You know thank the I mean. If you're French and also new to pay 10% 20% 30% for a drug used to gonna buy except I don't know how are you necessarily need like I don't know health care is. The most complicated being that we have to deal and I don't know how complex the negotiations are. It's if it's not something that you can turn on a dime there's so many systems that are in place and it's IE. I have doubts as to whether or not you can simply just Piven sale workers start charging France more I don't know if you can do. I I wish you Cohen put. You can't China locally. China will likely offer to import more US goods during negotiations in Washington next week as the two sides. See one of the best ways to avert an all out trade war. I guess the negotiating team that we sent over in which included. Minutia in Wilbur Ross our old friend Larry Kudlow in an era little discouraged when they came back it feel like they may not should. Progress in China to quality and I think that's partly because you know China looks this and says look this isn't necessarily an us problem it's a you problem is that the reason we have a trade deficit with China. Is can we buy an awful lot of Chinese things we that's eats. China doesn't force us to buy them into the when's the last time China came in and said look you have to buy all of your auto parts moss. We choose to because as chief cheaper they're savoring their TV easily that's an us problem not a China problem. Is it any ZEP. People are going to be it would about when they dump products. Again do you have to buy them next. Blake did know no one puts a gun to Ford's head and says hey go by steal from China and how about their theft of intellectual property that is a damn problem. Now that that is the big and they didn't win outright the big V. Unabashedly. Steal our IP that that that is the real problem in in the court issue that I'd like to see addressed the other stuff on the trade deficit. Looks don't buy it if you don't want to don't buy the stuff that you think no one no one's making you buy it just because it's cheaper you can say look I'm knocking abide in the have to raise the per like okay we'll figured out. But that is the stuff with intellectual property. Bears meet there and there's a lot of it in that is a huge huge issue going forward. Because if you're a company with any kind of proprietary technology. You want access to the Chinese market but you don't want those things that go with in Maine in the insist on and they make you think it. They make you turn over all your IP. If you wanna do business in China dip and then they wanna come over here in buying companies and take all over IP back to try to. And we do we're we've said enough is enough that he talked to companies have been impacted by it he talked to people who've been impacted if he's hit so if so. Brewers are having a tough time Americans are turning away from beer to herder drinks you know what else is a statistic. States where recreational candidates is available Colorado case in point beer sales Kuwait now and accents and certainly makes cents. Case in point was a very subtle Poland via Atlanta us now Nelson who is good as an accident I know but it is very very good very good. Yet this is it's interesting seeing Americans moving a little bit away from beer. And more towards. New spirit to this day is here in your generation. Is there any acknowledgment. Of the relationship between alcohol consumption in cancer. You guys understand that nothing chip yet not yet. Gee is that tiger's is is. They do die if you overdo it yeah it's pro and are going to be good for your body I mean I think we understand that you might generosity my general destined. May I can tell you that we there's never thirty years ago. There's never conversation about you if you drink six Beers today you're gonna. Be more likely to help him tell us unnecessarily your fault which is an education thing over time more and more researchers come out part of showing that it how a lot of that research back 4050 years ago. I did yeah there's I it's like it's something. That that's something that's talked about among Mullen feels yeah. Thought audited how to act yeah I mean we know not to you know overdo it I feel like it would Obama more way more way air would about the the the difference between. It made these health differences between candidates and alcohol. He ever talk about that yes so. In in but by the way on this one of the major trends that's happening. Ian society right now is. People in their teens and early twenties are drinking overall at much lower rates in previous generations you go and take a look right now at underage drinking. Back in the let's see you I'm trying to find that the date that they were looking out on this one. The detected that hang on a bum it enters OK you're ago Sophie go back to 2007. Then. 31%. Of twelve to twenty rules. Had a drink in the prior month was and number 31%. Back answers tells you that's twelve to twenty year old Austin. In twice Eckstein was down in 19% what do you attribute that. Education a big part is education. It's a huge part and in I think is that just shifting over to marijuana though. I don't know about the rates marijuana I haven't seen any significant uptick there I haven't looked at statistics in the last year or so but it didn't seem like it. The one thing that you are seeing a beat uptick in his all of these. The college moving to you're also seeing an uptick in. The eighteen campus. That's that's of you are it is just a case of what you do matter whether you're smoking at some other way nobody used to be where you would smoking rate in in piper Ballmer joint in her and now definitely is new technology. It's supposed to be healthier. Yeah or less let's game it doesn't generate cleaner carcinogens the afternoon. I guess in no marijuana rates are pretty much the same as they've been for the last decade. He has ever talked to help a medical professional about. Wait you know. Said hey what if if you gonna do something if you get a drink or duke campus with what would be preference as to consultancy campus. -- just about all I'm sick candidates I literally anybody you're recommend if anything a vehicle has some hard line but even then it was. Definitely recommend candidates can win those last night do we earn money and one not can. Do we own any alcohol stocks in our proposed no I don't think we do know. All right up next we will be joined by Michael cork read from the New York Times might you talk about Wal-Mart pay I would I was very. I'm I'm discouraged about all I I don't think they've been doing great job managing that company even though they got a young CEO we'll talk to Michael about his. Research on Wal-Mart and what the future holds for that company that is our next topic on the financial extra. The financial exchanges alive on FaceBook so make sure like your page and watch the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Hi this is Barry Armstrong and if you're getting ready for retirement you probably have at least some of your portfolio invested in an IRA or Roth fiery third differences between two both types of accounts are popular but there's an important change to the raw fiery now that president Trump's tax reform bill has passed Roth conversions are now permanent so if you attempt to convert a traditional IRA to a Roth a higher rate after January 1 of 2018 that change cannot be and done if you have a Roth fiery or were thinking about converting to one find out how the elimination of this tax friendly provision can affect you call now for my free guide about Roth conversions the number is 803934001. That's 803934. Zeros or one or you can download it right now at Armstrong advisory dot com. Securities are with the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Are you thinking about transferring your home to your children or protect it from the nursing home did you know that if you do you put at risk for your children's creditors including future divorces you really wanna write a check to your former son or daughter in law just to buyback your own home hi this is Todd lets you know I want you to know that not only does transferring the property put your home at risk but it can also create a huge capital gains tax when they sell it right now the federal capital gains tax can be as high as 23 point 8% and that's -- addition to your state income tax -- -- better ways to own your realistic -- can protected from the nursing home keep it away from your children's creditors avoid probate and not cause unnecessary taxes a got a brand new guide to real estate ownership out this month this free guide we'll show you the best way to own different types of real -- call now for your free copy at 8668485699. Or download your -- immediately by visiting legally exchange showed dot com don't put your home at -- 8668485699. Or log -- legal 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 -- call the Z deposit teen to get started at 78164186. And 91 that's 7816418691. Or visit them on line and -- deposit. Dot net member FDIC leader bank step ahead hi this is very Armstrong and if you're getting ready for retirement you probably have at least some of your portfolio invested in an IRA or Roth fiery third differences between two both types of accounts are popular but there's an important change to the -- fiery now that president Trump's tax reform bill has passed Roth conversions are now permanent so if you attempt to convert a traditional higher rate to Iraq a higher rate after January 1 of 2018 that change cannot be and done if you have a -- diary or worth thinking about converting to one find out how the elimination of this tax friendly provision can affect you call now for my free guide about Roth conversions the number is 803934001. That's 803934001. Or you can download it right now at Armstrong advisory dot com. Securities offered to 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. Join our brand new tax club by texting the word ferries to 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. What is on the line now have talked about wal mart's latest ventures into. The whole bunch of different areas is Michael corporate from the New York Times Michael thank you for joining us. Our artwork. Michael working at Wal-Mart right now and kind of where they stake you describe some of the problems they've been facing as they try to compete with Amazon. Over the last few years. So Wal-Mart you know protected is dominated the US retail bean I come in at a formula. Go in to. Small Airpwn suburb. Box two words. You know lower prices and drive a lot of competitors it. Well what happened is that they're basically you know in the statistic is that they're there which in. Ten mile. Per cent of the entire. There and not a lot of quite important or more so. And there you Joyce is one bit in our computing. You know if you delete and try to. People that then spend money on line. Would go over the air right now they're trying to people are trying to take Amazon and aren't. Through Wal-Mart dot com. They get dot com and and just yesterday it's not the BDE commerce. Provider. In India called cart and a bad conduct emerging market. So do you it seems like. That it be strategy Adam you know to grow in the future. The the reality is though is that Amazon that you huge start. Ernie commerce that. I questioned whether it all work really cold. Michael let's look at that domestic e-commerce business why do they keep jet dot com and Wal-Mart dot com separate. You got a really good question and then they are asked that a lot. That they object come. Six in August 16. Unity the expectation was that it would it would. It would Merck to. But it still kept in separate. It really clear what you go oh yeah I mean they cannot trajectory. To have respect yet that they could. Accessed some of these urban market. Where they didn't scores in York city where. There aren't a lot more work harder and her. I'm glad it it to grow actor. Has really started to slow. And you know if what they did in the last quarter is that now. There they're mean web site Wal-Mart are common in these climbers have been for e-commerce group. Beg the question the what are oh Acosta 3.3 billion dollars to corporate power it. E-commerce expect out of their mark glory who has been helping them their broad digital strategy. That's a lot of money. Or what state it's just. That doesn't seem. Clear hole in the Wal-Mart empire. Only in Michael some of their other e-commerce. Offerings seem do be some blockbusters well one of the things they did for awhile was the whole. You know order online and pick up in a store. Which seems to kind of defeat the purpose of the commerce. Yet that is gay. Include the you know. Can dispute what Wal-Mart need more than that in dispute. Their their customers and that it got all these doors. And if it if they're they're they're trying to use permit certain media government. That they they don't have to then spend money should be. I can union the commerce this comes out. So yeah act accident either active guard pretty at being used actually in which grossed me you know. What people order their groceries are up. Amount of credit card way. But people though now conceded impact people probably want the spoken be it. Getting delivery so they're now expanding growth secret that her. You know hundred cities. So eat this dude beard here experiencing. Meanwhile the clock ticking and Amazon. Eating more and more market share of online spending is that juggernaut that the it seems to have no. But we know that the average Amazon shopper tends to be a little bit more. Look a little bit wealthier than the average person who shops out Wal-Mart. Is Wal-Mart doing anything to try to get a more affluent shopper into their stores are in there online platform. Yeah I think let still under Stewart. You're right Wal-Mart in a lot of their core customers and you know lower income back at its stores. E-commerce state you know opportunity to get higher income bracket. That was what it was about dale that bought by your mind while it is. Cool vintage clothing. But he. But no goes including. They started as an actress brand that online only at higher price point. It is our un on e-commerce going further higher income. And you know. It's still Wal-Mart and that grayer and analysts wonder whether that really can brilliantly in the higher income bracket where it's it doesn't have this game same attraction. That an Amazon. Or did Michael sounds like we still a lot of questions and wal mart's got ants in the next couple years thanks for the time today. Or Iraq here Michael corporate from the New York Times talking about Wal-Mart. They do seem to be making in this is something. Eat you look at the mistakes that they've been making Cha they've been making these mistakes for what ten years and is on. Became a player ten years ago people started shop I don't know how long I've been a number but I mean. Rarely. A week goes by where I don't make multiple purchases on Amazon.com. No and in it and I think like that I just bought two bike hawks on him you know it's just sleazy. And I was like OK boom like that I can go get it taken care of you know right there anything you don't during you conversation about there was no that's not true but the you could if you want to like it's it's that easy could pull up on your phone era in in you have everything taken care. But he made the point did you know Easter at wal mart's trying to make it convenient for Wal-Mart the debt hole you much money they spent. On building up there's Dorsey can drive up in evergreen trees and waste completely east if again if an order on line. I want the I want the Amazon is there I go on line at 2 o'clock in the afternoon. And I say yup I'll be home by 430 in Taiwan like refused to liberty cornered the thing you can say about Jeff Bezos what do you like him or hate him then. He is relentlessly focused on making you better customer experience and I don't know Wal-Mart has that same focus just real quick whether it's a Wal-Mart they're stopping shops or you know you see those spaces out front where says a couple Aaliyah via their RV. Ever further ever Carson absolutely not there always empty and I wanna park and you could park and one of them and no one would say anything now because you're not I'm going to one guy. If you're gonna surprise even you how it works well if you drive to the store urging it to get out and go about it ridiculous you know. Technically you are picking up so. Now America activists interpreted designed sorry you more clear. I look through my knee by a half periodically to pick up. And I look at we're date the products you know where she myself shopping stuff I would have bought at at a drugstore. I think a lot of that stuff and buying online lot of stuff that it would buy home before it blows by an online. I do want us out of The Home Depot stuff that is in its. Now there's. I'm mixed with ice to go to home people. He trivia is coming up next on the financial exchange bone up on your knowledge of the Walt Disney company because that is the topic of trivia today. Our text number 63566. The financial exchanges of live on FaceBook so make sure to like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. Are you thinking about transferring your home to your children are protected from the nursing home did you know that if you do you put at risk for your children's creditors including future divorces you really wanna write a check to your former son or daughter in law just to buy back your own home hi this is Todd looking and I want you to know that not only does transferring the property put your home at risk but it can also create a huge capital gains tax when they sell it right now the federal capital gains tax can be as high as 23 point 8% and that's an addition to your state income tax there -- better ways to own your real estate can protected from the nursing home keep it away from your children's creditors avoid probate and not cause unnecessary taxes a got a brand new guide to real estate ownership out this month this free guide we'll show you the best way to own different types of realistic call now for your free copy at 8668485699. Or download your -- immediately by visiting legally exchange showed dot com don't put your home at risk 8668485699. Or log onto legal exchange showed dot com. Hi this is very Armstrong and if you're getting ready for retirement you probably have at least some of your portfolio invested in an IRA or Roth fiery third differences between two both types of accounts are popular but there's an important change to the rock fiery now that president Trump's tax reform bill has passed Roth conversions are now permanent so if you attempt to convert a traditional higher rate to a Roth a higher rate after January 1 of twenty team that change cannot be done done if you have a Roth fiery or were thinking about converting to one find out how the elimination of this tax friendly provision can affect you call now for my free guide about Roth conversions the number is 803934001. That's 803934. Zeros or one or you can download it right now at Armstrong advisory dot com. Security's effort to securities America incorporated members in SIPC and advisory services -- with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold locally it just makes sense of -- bank a call and learn more call 8776917900. Or -- 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 -- -- a step ahead time for a bank that -- you -- liter maximum -- accounts -- 1% cash back with -- debit purchases and an extra 10% back when -- user -- -- businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn -- call 8776917900. Or -- leader bank dot com -- to open and -- annual percentage -- ten dollars mass residents only -- -- -- earnings -- subject to change without -- member of the NC -- -- a step ahead. Bury our chart here and I'm joined by Todd let's keep from the law firm Cushing in dole and we're talking about something that sounds pretty basic. But how did you how should you all your real estate tadic your real state is ending nominee realty trust. Is that going to be protected from the nursing home and also will it avoid probate when you die. Doubt most miss understood. Trust I think in the trust world it's not even a trust it and nominee he relationship nominee realizes trust I know but it's not. What I mean by that is. When you put your property into a nominee realty trust folks please go look at who the schedule beneficiaries are that you listed to separate piece of paper attached it fits that children and you gave way to the children you don't even know anymore you don't realize you gave it away because it takes effect immediately not your death what's the difference. And many people think that that doesn't take effect till your death. More importantly if it's. If it was like my wife and I and then the schedule beneficiaries as my wife and yeah well that we didn't do anything right back in mind game and my wife's name so to your lighting and point it would even aboard pro so why is it being done so because a lot of times people like auto maybe real estate attorney and they think can help of the trust in the throat and a realty trust. We used realty trust it's just important that the schedule beneficiaries. Is another state planning trust revolt cobol or reap or your remarkable correct they're not a person not your kids not yourself. Please look that up if you've got one of these. You know it sounds pretty basic how ocean you'll own your real state but he gets complex as you get older call Cushing handle and and receive their brand new guide. For the different types of real estate ownership the phone number is 866. 8485699. That's 8668485699. You can download the guide right now by going to legal exchange showed dot com that's 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. It is time for trivia and trivia is of course sponsored by W my favorite restaurant. And truck did you know that Mickey Mouse is originally was Mortimer mouse. Mortimer. They changed minority morning. Anyway it is time for trivia our tribute text number is 63566. First listener with the correct answer wins a fifty dollar gift certificate to Dhabi those. What was the last film Walt Disney personally oversaw. Before his death that's a tough pilots agree question. Yeah and it's like to thank god does. Our text number 63566. It's your first time texting remembered put my name Barry BA RY at the beginning of the text. What was the last film. Walt Disney personally. Oversaw before his death and again the text number 63566. Well you we need to talk about real state. There were some changes as a relates to the tax law. That people need to pay attention to because. I don't know if you seen this before chuck but I where you know they do such a frenzy to buy real estate. People will go in with all cash offers because they've got a rich dad right and they'll go in and they'll buy that Condo. For half a million bucks in assay. Cash offer we can close in a week. And that's attractive to the seller yet the problem you running too easy you pay cash. The neck Condo half a million bucks of your dad's money. And then you go to refinance. You can't deduct that refinanced mortgage. No and with the there have been some changes with it what's deductible and deduction limits as well. From what we've had previously. So what you have right now if you for example if you buy a sect at home and you take got a mortgage the same time did you buy that the interest is still fully deductible the itemize. But the mortgages on both your primary and secondary whom can't exceed combined 750000. Dollars even if you're married previously used to be a million dollars principal and it's come down there. So that's a big shift. That we've seen here. When the other big changes is that home equity loans okay used to be deductible and any circumstance the interest that was paid on those. Today now okay in the iris actually just came out with a guideline about a month and a half ago that said. Is long is the equity line has been used for home related expenses. It still can be deductible otherwise it's not. Which is different from other tax law was written by the way so my guess is the iris got a little push back on this and said okay we we need to figure out some way. To not completely you know my guess is they'll revise that a few years now wants some of the existing home equity loans have gone away. But you know that you think you've had some changes that have that have happened as a result of this taxable that you need to be aware of and I'd advise anyone you know have do a good tax prepared to make sure that you're actually in compliance with what is now the wall. Would what do you think the impact of this will be. On debt and debt management in general. CDC people use mortgages less you think people use their home equity lines of credit less as a result for most people it's a non factor. It it really make going back. You guys are too young to remember but back in the eighties you can deduct. Your credit card interest you can deduct your car loan interest you can't do that and it didn't change behavior at all in and keep my public mostly it more credit card debt since then how many people take got a million dollar mortgage. They're very fun villages is going to be very few people that are actually impacted by this except. In the northeast where it's and California eight times as expensive to buy houses in the midwest evidence did northeast California there northeast to California going to be areas get hit most heavily now. Lift has a waiting list for their monthly subscription plan I guess this is really for people who live in cities turns. I think so just because the maximum distances what fifteen miles I think in this or notes a fifteen dollar dollar ride seeking used on more than enough fifteen dollar rides. But it is something where. You can you know by these monthly passes I'll tell you what this makes an awful lot of sense since that car collection when you're like if I'm thinking if if you're living in the city and you're commuting to work right. In the in you've got a short ride maybe it's a five mile ride. Why in the heck would you old car to be paid over one makes more sense that car ownership they're losing money on the deal yet they are you know and that is in new airlifted is overdue in this I haven't seen anything from Tucker do you think they are I haven't seen anything from them in Sanaa. I think it's just lift who's doing this right now. Keep paying what 20300. Bucks a month yes it's a 200 dollar pass and it gives used thirty rides for knew that cost. Normally that would cost you 450 so it's a huge savings but it just means lifts losing even more money on us what are they doing Eddie doing this because they think they're so close to drive those cars. Is that just is that everything you let's say they get to drive those vehicles we've said okay and the cost of a human is you know 50% of that vehicle of that expense and mourn even if it's sixty. Stock market go down from this cost so why they don't just to gain market share. Probably. Testing it out. Just a quick aside I try to lift for the first time the weekend. What what that temper I don't users cheaper it is cheaper then you've that I learned that from somebody recently. And it in here here's the end and drivers are happier to. The other drivers were very pleasant across the board a lot of drivers at the same day they are people that guy I used. There are people like truck I don't know but it's a lot of them drive for both solid series and a apps open. But they would tell you if you asked them. They'd say I'd rather take a ride. From lift yeah definitely over as they get they get to keep it to me how you tip at the end up with the it's keep that. With Hubert they have to give a portion of that tip back and won in a lot of them also said the Hoover's always messing around pricing in the house you know either compensated yet just a quick example and we are leaving a very busy area. And out in Dallas there was a spinach a surcharge on Hoover or some other app open there. I hope my left there was an electric charge that me being used tents and use you may have just gotten in and maybe no maybe but you know IL are all right. They are all pricing. Either both pricing in the same production you know the disease the lift drivers now can't you remember that with target picked up. Has a new rap as well. He's driving the ball right so would he rather take you maneuver writer lift for. If it's if it's surged pricing he gets a bigger child protection that dipped. They quick announcement this is very archer and quick announcement for those of you wore our landlord or property managers. I'm sure you heard me talk about zero before that's leader banks tremendous on line rent collection program. I'm excited now tell you about their brand new cop product called Z deposit. This is another free program which streamline the opening of tenant security deposit accounts three toed totally digital experience. With Z deposit landlords can open an account online invite tenants to enter their information and manage all their security deposits. Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms. And they will even send annual interest payments directly to your tenants. Just called Z deposit team to get started their phone number 7816418691. That 781641. 8691. Or visit them online at C deposit dot net. Member FDIC. Leader bank east step ahead. Almost one half of Americans don't expect to have enough money to retire comfortably. Yet it did not entirely unexpected given that now we know that about half Americans don't pay any income taxes about half of Americans don't have any stocks that they own at all then and so it's it's pretty much you know that we know half Americans don't have 400 dollars per Wafer rainy day. It's it's not entirely surprising here. I think one thing that is and we touched on this a little earlier today. More older Americans have debt now was well that's bothersome and I looked at the stat yeah it in two in 2007. 31%. Of Americans or 75 years or older and very had dead how what is it today. Almost 50% 49 point eight and that you can point directly to the financial crisis as the result of really. Oh yeah how so. Big but all the heat they they got wiped out. Yeah I think I think about all the people at age 65 that got laid off and maybe had to take out debt at that point is okay or maybe they lost a home that they you know were close to paying off but okay now you've got to start all over and take out a new mortgage on new place mine you know it's. The losers I think things that we have seen. More and more of as we continue to go I also think that a lot of retirees also seeing. Retired friends bit. Have debt and that they can actually manage their retirement using that debt may be going to that is tools things like reverse mortgages or even you know taking out equity lines just to pay the bills and things like that. I think you're seeing some of that as well. I'm being told. Like to move her drivers that Hoover does not take a cut of their tips were there ago. When my lift driver told me it did mean he's lying to you so little I believe maybe he wanted to get a bigger tent you know. The Ed I don't know I just I'm just telling you the it would the guy told me. Let the ad number of people actually texted yeah these are guys that are driving a 100% they get to keep. OK well maybe if I'm wrong I'm wrong and unity it it happens on occasion. 101 a mall in making as many statements as I made right here patiently and he went wrong this even even a working. Clock is wrong what know the you know and not enclosed now doesn't work like that does not a up next we're gonna talk about E. Coli. Virus but I thought it was safety or mainland until we go Gladys I like I was wrong that's next. Barry Armstrong. Chunks on breaking business news every day right here on the financial exchange radio network. Are you thinking about transferring your home to your children or protect it from the nursing home did you know that if you do you put at risk for your children's creditors including future divorces you really wanna write a check to your former son or daughter in law just to buy back your own home hi this is Todd -- I want you to know that not only does transferring the property put your home at risk but it can also create a huge capital gains tax when they sell it right now the federal capital gains tax can be as high as 23 point 8% and that's in addition to your state income tax -- better ways to own your realistic -- can protected from the nursing home keep it away from your children's creditors avoid probate and not cause unnecessary taxes a got a brand new guide to real estate ownership out this month this free guide we'll show you the best way to own different types of realistic -- now for your free copy at 8668485699. Or download your -- immediately by visiting legally exchange showed dot com don't put your home at -- 8668485699. Or log -- to 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 -- collection product called Z rent it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Tillman McCall does he ran team at 7816418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Net I this is very Armstrong and if you're getting ready for retirement you probably have at least some of your portfolio invested in and higher rate or Roth fiery third differences between two both types of accounts are popular but there's an important change to the raw fiery now that president Trump's tax reform bill has passed Roth conversions are now permanent so if you attempt to convert a traditional diary to a -- a higher rate after January 1 of 2018 that change cannot be and done if you have a Roth irate or worth thinking about converting to one find out how the elimination of this tax friendly provision can affect you call now for my free guide about Roth conversions the number is 803934001. That's 803934001. Or you can download it right now at Armstrong advisory dot com. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Security suffered through securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. I Steward Barry's 263566. And let us know what you think about the stories we discussed. Your team to the financial exchange radio network. The last film Walt Disney personally oversaw it was good jungle book. Before his death. From lung cancer in the year 1966. The winner of that question was Ryan from Hyannis Ryan takes on a fifty dollar gift card Dhabi o.s and a reminder that obvious as five locations in the Boston area. Including four in their newest location in Braintree can hosting next special event Dhabi which is www. W dot com the menu information and for reservations you know Disney's trying to buy a lot of the fox assets. B interest and see it now they dug on up into Comcast. It Comcast. And handle the there. You look like a company in trouble. Do based on the stock for stocks terror. Communism and think they're in trouble it they're not going out of there is no I don't know not like that but it just eats me. The near you you're not happy here Comcast stock. Nominate I think they have some some questions. That they have to answers as far as what they're going to do want streaming something's that's that's the biggest -- you know it's in the it's it's literally all of this is since the start of the year in the stock was very strong no over the last couple years but the last few months have not been kind to. Romaine lettuce yes they witnessed. You don't touch it. Eve I. A 149. People's. Who've cut. As chipotle and so you don't like health well I just forgot you know. You throughout. The U what. I I I I I definitely don't warn thing you can't eat right you know how you go through the line to polian and you'll let us on all icy from. And I hats don't. Especially from people. Yeah it's getting enrollment as twice there. Eagle now he's the humans. But if there's a 150 people that don't see it seems like it's growing by the day out there why I thought that you this is like weeks ago no they should be over they identify. One of the forms that was the problem they don't know where that the core issue is still there is from Yuma Arizona that was one of the forms. There's more than one far multiple forms that are poisonous now crate. Senior citizens will rely on Social Security even more in the future. For one simple reason. I'm Bob I'll bite what is that support re so right right. Why are we rely more on sit Social Security on form so I don't know if I necessarily agree with this is even so it's a. It's pretty much saying that OK see you don't have Reno pension spurs many people going forward and obviously you know elect talked about that we talked about that and Americans in this point have been grated saving money Social Security's become more important. But it kind of doesn't look at the fact that people in their twenties and early thirties are actually doing a whole lot better at saving money then previous generations are the and I think part of his because they don't really trust anyone to provide their retirement of themselves because they've seen what's happened to pensions they've seen our. You've senior parents or eat your generation. Has come home. And learned that your father lost their job and each 57. It never is able to get back into the work force at that same wage I'm messing use specific I'm talking generically black heels. Have observed you went to college both you guys went to college. With friends who had to drop out because mom or dad who lost their jobs in their junior year up in. Yeah you've seen you're you're scarred from the financial crisis yeah senior parents go through heck and back and and if it's impacted your behavior. Yes of one of the arguments is also that eight people are getting older you know people are living longer and as they live longer Social Security makes a bigger part of their income can buy that to a certain extent that more and more people to that are collecting Social Security truck or working either part time full pot yeah these are continuing I see that. Wanted any retail establishment for years we have a lot of senior says I got a haircut the other day. Great haircut by the way and at the end is the woman whose commitment Harrison and curious if your money answer don't answer they sit how old. And and shoot seventy yours Leno that you still wanna be a Wal-Mart greeter when you retire all I've put my application and I mean you go there's enough anyway the purity you're already pretty much volunteering at home I'm going less often. I'm buying more my Wal-Mart purchases on line and not through jet doc I've decided I want my retirement job. All of them on working dairy queen. All I love ice cream. And I just I fats though I don't think I RE IAEA he would say wouldn't hire me because I don't Wear a hair net you eat too much of the profits you would you'd you'd be Campanella judged how much free I screamed they give you if you work ethics don't know I don't know they do it it's always get a cold today. I'm one line that's only Nikko and a day keeps the doctor away an opponent a hole and then I think that's what this is Jimmie told a Dana good to go get a text or by the way asking about our poll question. Yeah panel agreed on that election now let's take a look we asked the question. Do you own your home debt free now nationally would do we decide who's 373434. Making 34%. Of Americans who. Live in their own home. Loan it out right you don't have a mortgage on. But our audience it's 56 point 4%. Old their home we also agreed text from sixes three saying this is the perfect excuse not to eat lettuce and bears screws up and eats lettuce. It. Pro at times that your parents at your veggies is the one time the eggs they know. I'm not going to eat the veggies like vegetables. Vegetables takes him but sometimes just wanna say. You know what all the good things that I could do my body and you do the worst thing possible instead you know and it KFC. It sees it. We've had KFC wild in the office never too greasy. He cadavers that you have to go to outlaw now. Yes the whole hotel about a whole lot of people power wash from if you ever ordered to be so opposite of the net didn't get extra quest for doing this scene from Shawshank redemption. Turn. Or more extra extra. Staten drugs for everybody yes reminds us politics tax. 339 less informed and even me believe it or not I had no idea about the less than two yesterday. While I feel bad enough we all knew about and just choose chose to ignore Africa in I. Seat at my age that's always an excuse TP news. What is effort so it is it was sake you know on your honey you're supposed to take out the guard Africa. Oh honey bees to look at them and Africa you know the next few days to use. Yeah Tucker and I are perfecting the art of being bad helping things that we know can I ask you a that's a picture. Dallas haven't heck of a day but hopefully folks Dow Jones industrial averages up a 187. Points the S&P is up twenty points. Crude oil is leveled off it's it's at 71 dollars a barrel I'll be curious to recruit does over the weekend especially Israel and Iran keep Robin bond. Thanks for tuning into the financial saint truck and here.