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Full Show 6-7-18

Jun 7, 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 very Armstrong and chuck Exxon. It's from administration is taking you to victory lap as a relief. It's too late deal between. CTE. In the US. We'll also be talking about why there is not enough homes on the market for sale talk herself has been complaining about this we have the answer now. And then finally. Have you ever stayed at a near B&B have you ever use their service we'll talk about her B&B is 12 million people a night are using your B&B hi everybody it's very chart with you here it's a worst day. And we have to start off with this ZTE deal. You know the US. Applied leverage where they had some and they almost put ZTE which basically Telecom company in China out of this. Yet it's it seems like if if what they're saying is true it seems like you've got a pretty good deal for the US with regards to ZTE here what's gonna happen. ZTE is going to be find a billion dollars which the largest fine ever assessed by the Department of Commerce. They are then going to be required to have a US appointed compliance. Teams sitting inside ZTE going forward. It's gonna be paid for by the Chinese company but it's going to be made up of people selected by the United States and then also they're putting an additional 400 million dollars and escrow. And if they do violate any of these guidelines again. You're going to see that 400 million taken by the US as well as further penalties is this a footprint in a road map for other companies that want to duty his China is notorious. For corporate espionage. And ZT is the poster child for corporate espionage love seat it was a corporate espionage issue but it also was simply violating sanctions in that's the bigger issues they were selling in the North Korea and Iran. During times in both of those countries had been sanctioned so that was part of it is well it potentially. Clears the way for the types of deals that you talk about. But again this is kind of a it's a narrow solution needs its focus purely on easy to Ian I think it's great that you have a solution on on the ZTE issue. There but it is you look at the fine amount isn't billion dollar fine does he TE is only seventeen billion dollar company so it. It's gonna leave a mark it is what. It is an it is you know ZT he's a seventeen billion dollar company then it's financed by the Chinese Government. Current bill the role billion Ali gets is not much is that tragic pretty much the Chinese Government can pay billion dollar fine and that's what it boils down to. And so. I think it's it's it's a good deal in this situation. I think that the bigger issue is hey can we come to some kind of agreement on the broader trade issues when it comes to intellectual property theft and things like that. And I don't know for making progress there but this is at least a step in the right direction this is a very positive signs especially given some of the concessions that the US dot from the China. Society I thought it was a pretty good deal Wilbur Ross announced the deal this morning and I saw him interviewed. Tucker. Yes yes because baby boomers are the reason that there are not enough houses on the market. Baby boomers are refusing to sell their pros here's the number that that was really interesting. Almost 80%. Of senior citizens struck. All in their homes compared with 35%. Of Americans under the age 35. For a bigger differences been historically. While we do know we edit and I don't know the answer to that what we do know is that in the old days when my parents reached cash they were late fifties. If he sold the family home and they moved into a retirement community and people are doing that. Know that they're simply not in boomers aren't any we see this right now that 85%. Boomers say that they are planning on staying in their homes over the next year not moving and also. Not even talking about you know downsizing not too were retirement community not gotten into a smaller house. So you're simply seeing boomer staying put more often what's the logic why are they doing. I think it's it largely is because. Boomers and colonials are competing for the same types of houses today and they all want that to bed or three bad they're not looking for the 45 bedroom colonial and they're looking for the two or three bad starter on the the boomers all want everything on one is yours down I don't walk up and downstairs. The millennial disabled we just want that to bed it's got you know maybe 15118100. Square feet to start off in. I'll tell you what you say that and my what my family we live and the home that we raced him yeah and we had five kids we've big old farm house yeah. And we're somewhat ambivalent about selling it because we're not ready to retire. And yet we don't need all that space as a kind of weird. In what will. Yeah a lot differently. You do things differently than a lot of the fan was driving electric car you buy your groceries on the way to you you guys do things differently and and I've talked to a lot of folks out there who world looking to downsized event but the problem is they sit there and they say look I'm gonna sell my home. 450000. I don't wanna go one by a smaller home for 830000. Because it doesn't make sense I guess that and Jeff hang out. And you have all the transaction costs and that's the hang up for a lot of people out there is. That it used to be you could sell a home for 415 they go by a place for 250 either peered down in the Carolinas or something her. Prices have come up everywhere you've seen things equalize a little bit in there really isn't a huge financial incentive in a lot of cases for people to downsize to. Tonight I tend to agree and and I think you'll also see. A lot of boomers are working later in life and I think their take in that perspective. Why sell the house is on work another three years yeah why not just wait another three years before so also. I think that itself I just think where in the old days it might have sold their house when there are 62 or 65. Now might be 75 or 74 place. I agree but I think it's happening on a delay suit just proving that we are not the millennial aren't the only ones that are running a little behind schedule that's right you guys are two that didn't. And eat in it the Americans are in their eighties. When the ads are starting to downsize and find themselves unable to care for their homes. There that's instinct now it's it's it's just happening later now in. And part of it also I think is just due to of the that the timing was through an awful lit by the recession that's made some people work longer not be able to sell their homes so you get this convergence of factors that just means that on boomers and so that I'd say I also run into a lot of boomers I would say most boomers. Have kids living at home with them still. Adult children. That it Lynn. I don't think it's most personally is the deadbeat dad might be good poll question percent it's not today's poll question. And IP good poll question I'd I'd meet more people that are. In their late fifties struck. And say yeah Utley you know kids moved home they're going to be home for a couple of years while they need payoffs and debts and and before you know I don't I don't think it's most people know that in your peer group most people at some point might be not to it's not like 70% of you know. Boomers have kids it'll do what we did a poll out venture to guess who B 15% are saying yes I sort of like I say that's when he 20/20 idea size mergers and thank. Serbian B I have a confession I try to. Let on that on this really hip guy and I've tried all the new technologies and everything but I've never used there be India's answer to miss now. Well I I've used the RBO does that count now now now it's that's on air being me that's like saying oh do you drivers have yet dropped for his account. I I think there may be one or two people by generations that have not tried here BB I've always used hotels. My wife and our plan and are planning the vacation for the fall. And we will probably stay in holt who just because it's what we've become accustomed to. How does a or B&B work in why's it taking off or wire two million people a night staying there beam me. The two biggest reasons our number one you can get more for your mile. And two you can really customize the experience that you get where you go so. I'll give you the example of when I went down to New Orleans in February this ranked we stayed in there in an air being beat. And we paid it was 200 bucks and heightened. And we got a two bedroom place there so for the four days it was 800 we split that between two couples from each couple paid 400 bucks in that was its it was a hundred bucks a night perk up in what would that. Have been in a decent hotel. Or comparable hotel not that they can become so here here's why it finding a comparable one is so difficult air B&B that we stayed in it had a full kitchen that. It had a torched it had a backyard that we had access to it at all the you can't get that in a hotel. Was it was did it live up to its billing yes because I've me when I read the story in the resign brought up the topic is. Like how does a consumer. Not get ripped off by European because you you're paying for that you could go you could show up like IB RBO. We used it on a number of occasions and I'd say about half the time we're disappointed we need walk in there's no no silverware no plates. There's no. Nothing in in the house was not did not live up to its bill. The big things you got to do your research had a tough so that's one of the things that hotel saves you you know what if you go to Ohio. You know what you're getting you go to Hampton and you know you're getting you go to Mary and it not happy you can change rooms you know exactly what you're getting in that hotel was an air being me. You've got to read the reviews and in the review say. Paid the everything was great here but the neighborhood wasn't as nice we thought it was going to be and we felt it was a little dangerous. Hey we we really love the this place by the way the beds are Masso if you don't like sleeping on hard mattress just don't go or the house is great but it's kind of far away from downtown area what do you get to an air being MB and it released. A disaster. It's very rare that won't happen but here's the summit picture I I've never seen how irony here. Yet as so many pitchers avail is that you you have pictures and rebel who's in the reviews of the biggest that's how you figure out whether replace legitimate or not is you go in read about other travelers experience is staying there because they'll tell you straight up and you'll see and you'll see some place that say in the places in a great location but they don't take care of it and they don't clean it very easily you'll know. What you're getting into before and generally as long as you do the research if all you do is you look you just find cheapest one oppressed by you know I wanna make a reservation. Then you have the potential of Iran and some problems but if you go through when you read the listings and actually do little bit of research and I've I've probably stayed in at this point. Twelve to fifteen of them I've never had about it. Appearance have you ever booked with air B&B that is our poll question today 38% of our audience thus far. Have used air B&B 61% of you are like me I've never used it so a little bit curious to see what your responses are. You can text us with your experiences that are air B&B. Our text number is 63566. If you not texted the program report please use my first name. At the beginning of your text that's 63566. Of the ever booked with air BB coming up. Barrett talked about and had no other industrial revolution that is taking place in Massachusetts will be joined by. Professor brand or stork from you mask the Donahue institute the institute about mass. Manufacturing. We'll look Cunningham should do business and financial. It's it's the financial exchange with Barry Armstrong in chunks on on the financial exchange radio network. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to 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 even send out annual interest payments directly to Tenet's -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. State -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- -- and trust that will offer -- -- roadmap as to the different types of trust that exist and help you figure out which type is right for you and your -- do you need to revoke a -- -- an irrevocable trust and what's the difference between the -- should you consider a special needs trust -- life insurance trust one of the tax implications of each type of trust my new guide we'll answer these questions and more so -- right now to request this free -- at 8668485699. That's 8668485699. You can also download it right now by logging onto legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free -- did mystifying -- at 8668485699. Or get it right now it legal exchange -- dot com. Everybody it's very Armstrong and Jay to 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. Terry 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 internal security pop numbers it's now. And yet to go into the branch got signed paperwork and their small dollars and in the turn. And it's likely to 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 and you. And we should do all this canal through Z deposit all of that you can do Thursday deposit it literally takes about forty seconds opened up an account. We handled the automatic forms that are generated in the count number department condition statement all that since the tenant. 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 and might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to management 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 manage their tendon deposits to great concept you might wanna learn more about 7816418691. Securities offered to securities America each member senator SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated we have part of the financial exchange in an instant. By texting us and 63566. Start your extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. No we don't often think of Massachusetts as being a center of manufacturing. But. There are some green shoots that are taken place in the state of masters to right now and joining us on the line to discuss that. Is Brenner Stewart from the UMass Donahue institute Brandt thank you for joining us. Here so can you talk a little bit about the type of manufacturing that we're seeing it coming back into New England in Massachusetts in particular. Bullet just like to start off first thing about. Yeah. US manufacturing essentially began. In Massachusetts what apparel and textiles back that would industrial revolution in the early nineteenth century that are around. On lol several of them never released. If that. Disappeared. The facts on today it is the third biggest. Industry and the state in terms of our contribution. To the armed to the state economy. But on that side. After years of saying declining employment. We are saying era turnaround they edit in an industry that's traditionally been Turkey in terms of employment. It's on now showing some growth. And in the state as those nationwide. And the leadership. And hatch collect green shoots. That you're describing. As a state that's really found a place and advanced. Manufacturing. And let's say they have restructured some people back so that's what computers and electronic sound. Medical equipment but beyond that advanced manufacturing is really that's that's a process. That's where you combine things like data analytic. Software. Robotics and computer interfaces. To them to produce. And given. Support our purple renown with our universities. And bring it on. We're very capable. Of making and the most advanced products. Using the most advanced techniques. To degrees that are few other places can actually match. Can you give an example of maybe one or two what company is that have. Shown up in the last few years and what they do it and kind of what what they're getting into right now. Now all on the sample that was brought up on recently there is some semblance industries. And there Braintree. Animated episodes of the classic Massachusetts. They have almost case study it but it's a company that makes plumbing equipment. Repair of equipment and it lists of metal. And in and it's bad things still but. Reflective of the more modern way than Massachusetts is not doing things is that there are some that cement industries. Is now making quick water management systems with that what Bennett plumbing systems. That can that attacked a problem. And then actually send a message to someone's computer worked on to say that there is a problem the plumbing system that custody. Taking care so they go way beyond. On pending battle. To having an application. That would have liked worldwide on demand. To be able to cut off on plumbing problems. One of the knocks on hiring in new England and in particular around Boston. Is that it's very expensive to do so the cost of living tends to behind so as a result you paying high wages you've got you know you have to put good benefits on the table. Our companies finding that even with that additional cost equality they get is just higher than what they can find elsewhere. We're learning whatever the appalled that this happening. Nationwide. But I'm nonetheless. And one the reasons why we see some. There were whipped pretty robust economy in Massachusetts particularly in the Boston area and it is because a lot of industries and companies have identified. Easter mass about this is that. And the Boston area particular you know as being on an application per track thing does. Very high end talent that you cannot find that at the same global and other parts. Most of the other parts of the country. But if we do without him that there has been pressured into place elsewhere chip but not a soul in the Boston area elective and the pioneer Dolly. That's a place where they make. Sponsors for submarines and they also make Obama the advance what aerospace components. Deco and term that jet engines that are made both here and went by General Electric as well and Hartford by Pratt and Whitney. Bird brain I think very much for joining us today we appreciate it all right. That is Braniff Stewart from the UMass Donahue institute talking about the rise of advanced manufacturing. Ian Massachusetts is different type of me factory listen it is the more complex requires a greater education and pays higher wage yeah a year not talked about putting together toy cars are putting together you know as you said just you know pipes at things like that they had we build. Devices that are very precise that have a level of technological. A lot of these workers have college degrees in places like Wentworth they'll absolutely absolutely and it's and these are good paying jobs to when you look at the the wage that you see coming out of a lot of these you're talking starting wage is 3540 bucks now or 70000 dollars a year per kid coming out of Wentworth there are some tech you know schooled it has to be an engineering program exactly. What is it civil engineering mechanical engineering. Are we probably laurel on the the mechanical lines the civil engineers are short supplies well. You basically any engineering degree you're gonna find pretty good job that's that's the place you want to beat these guys say who haven't heck of a time finding engineer uses that electric boat. Down in New London. Well their problem also was just finding just skilled basic labor and so forth just because trying to find people who can pass the clearances the security clearance is the need to work down there now it's a challenge you know it's it's not just a background check it's they they wanna know who you've lived with for the last ten years because you know how long it takes and hire somebody. I'm guessing it's probably somewhere in the ballpark for six months twelve months twelve. You wanna hire a worker ants. Electric boat here to connect twelve months. Not 50 wait rights and bury my wife and our thirty years old and five years we've been married we've only stayed at a hotel twice we have probably stated they're being beat ten to twelve times you know. It's ever had a bad experience it's it's cheaper. And you can find absolutely phenomenal places. Our website address if you wanna participate in the poll is financial exchange showed dot com you can always text us at 63566. A lot of cities in North America are putting attacks on foreigners buying property that's our next topic. Life goes on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. 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Our landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the -- 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 -- technology Tillman McCall does he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Net state -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new -- -- -- and trust that will offer -- -- roadmap as to the different types of trust that exist and help you figure out which type is right for you and your -- do you need to revoke -- bull -- irrevocable trust and what's the difference between the -- should you consider a special needs trust -- life insurance trust one of the tax implications of each type of trust my new guide will answer these questions and more so -- right now to request this free -- at 8668485699. That's 8668485699. You can also download it right now by logging onto legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free -- -- mystifying -- at 8668485699. Or get it right now it legal exchange -- 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 will even send out annual interest payments directly to Tenet's -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. 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 -- could just make sense -- -- -- -- and learn -- call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value -- back a step ahead this is a special announcement for a landlords chasing -- only rent payments and making trips to the bank to deposit checks take a hassle out of round date -- -- and -- banks all -- rent collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more -- -- -- your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months -- free for -- landlords visit WWW -- see rent -- meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today it until Berrian jug right here on the financial exchange radio network. Michael Armstrong joins us now for Wall Street watching Mike let's start off with five below what it received from them. This morning naff Bible reported earnings they're up nearly sixteen dollars on the news close to 20% right now stock spin on a bit of a terrible last year. The reported profits of 35 cents a share which beat him. Quite credible that profit estimate that in the water people and expect about three cents a share. Revenue was above street forecast. Concert sales were actually down a little bit but they issued pretty upbeat guidance for the current quarter and pastor like that. On the other hand we've got JM Smucker company now down 5% today and down about 16% for the year. What's going on there. You know they just continue to struggle very. They'd missed estimates by 25 cents a share. Coming in about ninety degree revenue missed. And seeing weakness in. A lot of different categories oil peanut butter patent categories. And they gave. Worse than expected four year guys and so as you mentioned stocks not like that very much down nearly seven bucks over 6%. All right thank you Mike. That is Mike Armstrong with Wall Street apparently no one's on PB and PP inject their delicious all line managers listens and quite affordable to. Raspberry fervor prisoners. Remain. Chunky peanut butter you up with desperate losers. Like that what's the brand and a smokers marker he got to go to Chucky Peter Malick the strawberry jam. Strawberry guy. Hold that against. Western new producer. Western cities want to slow the flood of Chinese home by. Why would you stop. The Chinese from buying up properties in. Vancouver Toronto and New York City Boston in the what's the problem. That what what they're saying is going on is that there's so much Chinese money that is flowing into these cities this driving up prices to the point where it's unaffordable for a local residents and they can't actually buys properties they want to buy. So they're just they don't mention any American cities there are couple things that I see witness. Number one. No one forces anyone to accept a certain offer you know. If you have to offers on the table and one is for 500000 once for 550. You'd think Jim is the one for 500 if you wanted to. And I think the the reason. These cities are taxing the Chinese. Is that it's causing prices it X I saw one city being Cooper that prices were 30% detonated they they've just seen an explosion in price in a lot of cases. An and prices the locals out of the mark in what Vancouver did back in 2016 as they put in a 15%. Foreign buyers tax and all the Chinese buyers did was this an okay ever go to Toronto where you know they just kind of kept moving on to the next city. But you know that it would you the reason why you have this is because. We import so much from China. Chinese companies you know sell us goods in dollars and and you have a surplus of dollar sitting in China and there's understand. Will G were kinda restrict his into what we can invest in in China is trying to doesn't let us invest in a lot of things. What are we gonna do let's go by real state. In America somewhere whether it's Canada whether it's the United States that's what they go into was. Doesn't that speak ill go of the Chinese in that nobody wants to stay in their country. So it's you hear that gets all of that no one wants to reach that it's very difficult to invest in China. Like it's it's nearly impossible if you. Previously until about two or three years ago it was almost impossible to get in account to trade what are called a shares which of the shares that are treated. Nom on the major Chinese stock exchanges and you pretty much couldn't get in like it was impossible for the average person to buy into the Chinese stock market is so they're not by in this real state to live in. They're just buying it in some cases they might be in a lot of cases it's an investment where they say look we're gonna dump our money there is we can't find anything to invest and in China and a no Americans that he's doing so yeah. Putting any taxes and at this point no it's not that average it's been discussed in a couple cities but you haven't seen it actually implement. Twitter yesterday chuck announced that twitters going to be issuing some convertible debt how much a billion dollars. Most of us are not terribly familiar with convertible bonds so I think we should spend a moment explaining what a convertible bond is. And now we have the terms associated with the Twitter convertible debt yell what do convertible is is it starts off as debt with an option down the road to convert to owning shares in the company if you hit certain milestones as far stock price or the milestones they wanna hit. In this case the way it works is twitters issuing these bonds and they pay out a quarter percent and interest on very little basis of very little. You're giving up put it let's make it clear if while Tesla issued bonds and I think they are at 6% rate so. Two companies losing money but growing like crazy yup. Eat you could make an argument that they're somewhat similar right. So you give up your interest free you don't get a yield effectively you get you know a money market rate of return on it. But in exchange for that you get the right to convert your debt. Right UC about a 100000 dollar for the these two younger bonds. You're making you know 250 bucks a year in interest. But any time if if Twitter stock goes to a hundred you're allowed to convert your 100000 dollars at 57 dollars a share. Exactly so the bet that you're making his hand and get little bit and interest is at the moment really. You are betting that the stock is going to go significantly higher than that 5714 a share during the time these bonds are outstanding. What happens. If the stock goes down in guys let's say. The disease or bonds that are paying interest until 20/20 four with the stock rose from fifth the roots about fifty dollars now forty bucks forty dollars okay. So goes from forty to twenty. Then what happens you're gonna get that quarter percentage probably never gonna convert so it's dead money effectively so your take if you buy the bonds what you're doing is you're saying. A buyer bonds because your stocks at forty but your grown 20% a year so I think your stock might go from forty dollars a share to eighty dollars a share between now. And 20/20 four. It's a Smart move by Twitter. It's typically assign that you're getting a little bubble ish in the market. Otis. Because think about if if the company saying look I don't want to issue equity today at these prices. I don't want to have to pay five or 6% in order issued debt for a but. Pay the markets a little bubbly right now so liberal wants all our stock galaxy should convertibles because people think there's a chance or stock rallies 50% over the next six years and that that's why they're doing it so it's it's you're you're taking that investor greed in that investor desire for return and using it against them and it's it's not something it's I think it's great move by Twitter. I don't think it's a great thing to buy. 46% of our audience Tucker has used their B&B I'm impressed now that you get a trying to club. Why eight yeah I I guess I do. They have to do maybe mine would maybe my wife and I should consider affirm our fall vacation I don't know why it wouldn't it's are our website address if you wanna participate in the poll it is financial exchange showed dot com you can text us at 63566. Folks apparel and order a property manager I'm sure you've heard me talk beds he ran the leader banks on the line rent collection program and now I'm excited to tell you that their brand new product called C deposit. It's another free program that streamline the opening of Tenet security deposit accounts rate totally digital experience was he deposit. Landlords can open an account online invite tenants to enter their information and then manage all their security deposits. He deposit also automates many of the compliance headaches for landlords such as generating account disclosure forms. And will even send annual interest payments directly to the tenants just cozy deposit team to get started at 781641. 8691 at 781641. 8691 or you can also visit them online at Z deposit dot net member FDIC. Leader bank a step ahead. That's a news about bitcoin we've been talking about them it's trading at about 7685. Per coin. Yet corn based the U largest US. Exchange for bitcoin another crypto currencies. Announced that it is acquiring. Securities dealer keystone capital. In order to try to become a broker dealer registered with the SEC. This is a really dangerous game for corn based play has now won. Stayed by that company the become under the scrutiny. Of the securities and exchange commission and didn't yesterday the SEC saying say hey. Did you know digital currency is a currency it is safe is your purity it's I think that the SEC is with me and six to twelve months of a broad based crackdown bankrupt but shouldn't they are they behind the curve on the struck I mean that I look at. Crypto currency I and I hate to say this to those of you won't it but I look at it is upon these. Well it's it it it some of them can be Ponzi schemes there's a lot of them are there's there's a lot of you know people out there that previously would of been running stock schemes that are running crypto currencies in terms. I think that the big thing with. Any of this is the SE CE is. There's some hamstrung in their ability to react in that they can't divert resources to something before it is a sizable issue. You know it would be if you have one ants in your house. And you said Jia wanna have my entire house tent in I want you know. It's an overreaction yeah. You can react until you see a whole bunch termites in the in the place and you know it's it's just it's just how weak. Works you just can't overreact specially when you're spending taxpayer money. The other thing the SE CS deal with is they have to move deliberately and slowly because they don't wanna catch. They don't want to end up restricting me a potential positive uses now for these things so you need to craft policy in that it takes time he keeps come up with it in a week. So I think there in the process right now they've they've subpoenaed just about every major exchange never major crypt or currency out there. I think you are going to see a broad based crackdown. By the end point nineteen at the very latest. And I think that that the problem is it's not going to say due to the value. And liquidity well and here's the thing that the issue is not that you're going to see bitcoin lose half its value or that is theory and loses court a quarter of its value of it's going to be a case where you wake up one day and you can't sell these because there's no place to sell. So it could go down you basically know. ADB in a lot of cases now it's not necessarily every one of these you might have somewhere they say okay this is fine in this you know this is met the requirements. But you're gonna see an awful lot of these where you wake up one day and there's just no market. Up next for going to be talking about vote. The value of a restaurant. In the value of these sports team I think this new tax law will diminish the value of both why. Well we'll explain that to you when we return to the financial exchange. You work hard to make your money. This is the show that can teach you how to make your money work for you it's the financial exchange with Barry Armstrong and chunks of on the financial exchange. Radio network. Hi this is very Armstrong and like Q I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that's 803934001. Where you can download the guide right now at Armstrong advisory dot com. Dirty suffrage history America incorporated a person recipe seen advisory services are protestors American budgets incorporated Barry Armstrong represented a strong advisory group the securities or to companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about -- rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to Tenet's -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank step ahead hi this is very Armstrong in I'm joined by estate planning attorney Todd -- -- from the law firm of -- and dole and with pure legal exchange quick tip of the day. Taught we're talking about your new guy it's called deem mystifying trusts here's a question for you. Is it possible to protect your children's inheritance on talking about. After you die from their potential divorce which might not occur until five years after you've passed away yeah and that's a wonderful thing about trust is so many people get tied up with taxes and probate and you know what. They do a lot after your dad. Never mind rate while you're living in this is one of them so the answer is absolutely yes. You can protect assets from future divorces of your children and and not even just divorces. Any creditor can pick up a financial problem just a wanna help people limited to just divorce although I can tell you divorces is one of them. Bigger concern for the common people happen again it's more common and so yes I mean the way you do it is what the language or put in the trust as you simply allow. The children to service trustee so they're doing everything like it's their own. Their own asset buying selling etc. but they appoint an independent trustee. Who decides when distributions can come out to the child if anyone at their siblings know they should be an accountant or an attorney and they can remove and replace pulled it really the boss they don't get stuck with a you know some crazy attorney gets in there that that doesn't wanna give out assets. And it's that's sold discretionary distribution that protects it from any divorce when they come knock and looking for money when wanna get divorced him. The estate planning experts at Cushing and dole and have been helping families like yours for more than thirty years and they've written a brand new guide called. Demystify. Ain't trusts. Call now for your free copy of this comprehensive guide bill will help you determine what kind of trust is right for you and your family. 8668485699. Or legal exchange showed dot com 8668485699. Stay on top of breaking financial news by becoming a member of club carries brigade log on to financial exchange dot com and sign up today. Problem clock thinks he's the plumbing can help easy makes it easy with a staff fully licensed professional plumbers. They're not only fix your issue. We'll keep it from happening again you can call easy plumbing today at seven he won the 8621190. Or visit them online at easy plumbing MA dot com. Easy does mass master license number 1018. Three I learn something about the tax law that went into effect on January 1 of when he team that should make you nervous if you own a restaurant. And should make you nervous if you only sports team let's start off with the sports teams first. Sports teams cell thing about all the sky boxes you see that. Gillette Stadium wore at Fenway Park worry at the garden TD garden movements of those are all bought by corporations. And the reason they bought them was they could deduct at least partially deduct the cost of those gains and that in the seat can't do that. Yes that's that's all changed with the new tax on at this point so if you go back to the previous tax code. Importers were able to deduct 50% of the cost of inner team related meals. 50% of the face value of the ticket to a sporting event in a 100% of meals provided to workers for the employer's convenience. Today. Meals offered at an employer with 50% deductible in the deductions for the other pieces you're talking about like when we bring in lunch ray did employer brings him lunch for the office. He used to be 100% deductible now it's 50% exactly so bigger issue goes you you wanna take a client prop prospective client. Out to dinner right. You can't deduct that no unless there's business that's actually done potentially but CPAs are unsure of what qualifies business being done. So they've sent a whole bunch of letters to the IRS saying look we need of clarification on this because ya know exactly. What has lookalike. Because that would be in that you have to sign paperwork during dinner community right. With what qualifies and and same thing with even more expensive truck is your take somebody out to dinner and then go to a baseball how much is based Baltic. Undergo a Fenway Park decent ticket hundred bucks on a box. Yeah. What's it all under now he's taking note to clients to dinner right and he might drop. 300 bucks on dinner 200 dollars on dinner and then another 200 dollars on the tickets can deduct. So how second (%expletive) like August thinking is second to change I think it's gonna change corporate behavior I think you're gonna have managers saying. Well look you know we have to restrict the amount of money that we're spending on baseball so when you left about. I just looked up a nineteen dollar ticket to tonight's game it was ours that sees. Right field grandstand exact outages that you're looking at the bull pen us now but the so. There's two questions that I have with regards to number one. You know will it meaningfully affect corporate buying of these luxury boxes and so forth I think it does. Well I I think on the periphery it will that's all it was not given up their box and one. I don't know. And you know you're the CFO. You're gonna walk over to CEO and say hey this tax law change is gonna impact your quarterly hearing that the big companies I don't think it changed its. Why could it if it's small potatoes in the broad schemes cause it's it's just not big. The other big thing for the sports teams look at the questions out defect their potential valuation. Most of their revenue right now comes from TV and other media dollars anyways it's not tickets and on ticket sales are generally. The one sport where ticket sales are a bigger chunk is baseball so that's the one place where you could see it affected just as it's got to be hockey too. It is an army team and hockey somewhat but believe they're not related to succeed him. There isn't but again to depress a relatively low for Mobley the Bruins and the kind of exception to the lake them Toronto and Montreal via you walk in a lot of places my at my brother in all of us down Tampa Bay then they literally. It's actually agreed deal it's five dollars and and they give you a hot dog and beer. And deceit for hockey and they lose money when you go win. Why would they're good team. At least a little draw will during the regular season so I don't know. Tampa give their baseball teams you've debates it was him right there if you want ivory pretty he he stole its doesn't matter Tibet and as. Canadian. Prime in the regular like a lot of these teams don't draw well in the regular season style and earn. Baseball's baseball has a real problem with getting people to games anyway it's a big east and it just affected the the problem that baseball news is they never put in this. And you've guy maybe a dozen teams that have money in the rest of bill. I mean they put a ton of revenue sharing and everything that the big problem is it a cap this will note its luxury tax cut the cap that's the problem it's the lack of war which encourages teams to get rid of all their players tank you reap all that revenue sharing and not have to actually do anything. That's the biggest problem that EC right now. Wal-Mart is getting into the upscale wine business. I think this is a really Smart move on their part. They're basically gonna do private label wine in winter professing is that. Tucker got a wine guy like you will be able to by the equivalent of a forty dollar bottle line. For fifteen bucks a simple like a ten yeah and Smart if they're successful trap I think the I think this is a Smart move I I think people would go to Wal-Mart to buy good wine if it is good. Yet the question is you know how good is it actually put it yeah in general. If you look at most wine in the United States you've got to be below that ten or eleven dollar price point anyway it's now that you've told the in the past he said. You can't get a good model one for ten bucks. I think there's you even get drinkable once in ten box but. If you go up into that fifteen to eighteen range and define a lot of really good stuff right but they're gonna try to get you a guy like you who knows your wine rate. They're gonna try to get you to go to Wal-Mart to buy for ten instead of a team. Of the work with me but I still think it's good idea don't they you know now we're not with me I still think a lot of people will but it's it's not something that I'm interest to them. The Dow. Is up 94 points. And when we come back we're gonna be talking about. Well Warren Buffett Jamie Dimon are suggesting. That companies stop providing forward guidance why would they do that. That's next on the peninsula state. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a pastor closing call lead 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS them. 449250. Subject to credit approval leader bank a step ahead. If you're close to retirement age and are interested in annuities to enter your portfolio called the Armstrong advisory group to get their free guide to the truth about annuities you'll have many choices but there are risks associated with each purchase call now 803934001. That's 803934001. Or download the guide right now what financial exchange showed dot com securities are protestors America incorporated member finesse or PC advisory services offered to securities America advisors incorporated Barry Armstrong were presented their arms or an advisory group the securities America companies or an affiliated guarantees are based on the claims paying ability of the insurer. State -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- -- and trust that will offer -- -- roadmap as to the different types of trust that exist and help you figure out which type is right for you and your -- do you need to revoke a bull -- irrevocable trust and what's the difference between the -- should you consider a special needs trust -- life insurance trust one of the tax implications of each type of trust my new guide we'll answer these questions and more so -- right now to request this free -- at 8668485699. That's 8668485699. You can also download it right now by logging -- legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free -- did mystifying -- at 8668485699. Or get it right now it legal exchange -- dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and 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. All it comes up a lot when people try to figure out what to do in retirement. And Mike the first place to start his. Totally different kinds of annuities are. There's a lot every week had residents and four main buckets. If an immediate annuity where you give insurance kept reminding guarantee pension yet fixed annuity which is just a predetermined rate for a predetermined time. It index annuity and variable annuity in those two become a little bit more complicated. When we talk about the different kinds of annuities which ones might be more appropriate for someone who wants to take on a little bit of risk in order to get some additional growth. Well variable annuity typically is one where you take on more risk you're basically investing in different types in the market. With some guarantees attached to them whereas an indexed annuity you have no potential for a loss. But you have limited upside potential as well in a fixed annuity is probably most similar to what we see with they CDS certificate of deposits except it's not FDIC insured and absolutely correct usually the terms are a little bit longer than a traditional CD use it won't see for instance a six month fixed annuity for your generals. Definition yet fixed rate of return for a fixed period time Noah the IC insurance. Folks we know that you have a lot of questions about Indy what he's that's what our strong advisory group is put together this great free guide titled the truth about annuities it doesn't cost anything to get it. In all you have to do is call our office directly at 800. 393. 4001. Or you can go over to Armstrong advisory dot com. And downloaded for free once again that number is 803934001. Securities offered through securities America incorporated member Finneran SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally we just make sense 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 on guaranteed by the bank and may go down in value leader back. A step ahead hi this is very Armstrong and like Q I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients I'm a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that's 803934001. Where you can download the guide right now at Armstrong advisory dot com. There is a protester is American corporate membership recipe -- advisory services are protestors American -- incorporated Barry Armstrong representative -- advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer time for bank the pays you -- liter maximum reward accounts can 1% cash back with debit purchases and an extra 10% back when you user carted featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass residents only he's may reduce earnings -- subject to change without notice member FTSE leader bank. A step ahead hi this is very Armstrong and if your landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to attendants -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online and -- deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with the Barry Armstrong and shut sun out. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Why would Warren Buffett and Jamie diamond joined forces to convince CEOs. In their quarterly profit forecast would answer that question. And then just how hard is that first small employers. To find workers talk about that and then finally. Amazon I think getting into the insurance business hi everybody it's Berrian truck with you here on Thursday morning in. Let's talk about Warren Buffett in Jamie Dimon joining forces why would they care. About companies and CEOs giving quarterly guidance. I don't know and to be honest I disagree with them on this on what basis why do you disagree well so that their view and this is only OU's Jamie diamonds own words just to make sure that I'm not putting words in his mouth and Jamie Dimon said it can often put the company in a position. Where management from the CEO down feels obligated to deliver earnings and therefore may do things they wouldn't have otherwise done right. So Damien Warner pretty much coming out and saying they are putting too much pressure on people in your firm to hit these bogeys in as a result you do things that you shouldn't have done like Wells Fargo behavior correct. My view it's not so much to bear. There's the pressure from earning so much but it's it's pressure from both from boards to deliver stock price. Okay. There's the issue isn't with investors having too much information out there because that's what that's pretty much what they're saying they're saying. They were giving investors too much information about where we think our companies should be going now. And as a result. We've managed poorly because of that in my opinion if you wanna have stable long term governance that starts with the board of directors of the company. Yeah I think IE it's a tough one and 88 because I look I understand both sides of the argument. But when Jamie alluded to the issue of companies hitting their quarterly bonuses. I immediately thought of Wells Fargo because when you look at that story where they are opening up fake accounts and they're doing things were absolutely wrong in your talking about. One of the top five largest banks in the mountain with really just horrible behavior. But where's corporate governance start. Yeah I get an idea that where did that pressure come from it came from the board to deliver stock per right at the board isn't going to relent on the pressured him to grow the stock price just as you know reporting just is not giving guidance on your quarterly earnings or anything like that there. You know so from my perspective it seems more and a little self interest of these two to say this because. They're CEOs of publicly traded company about Warren's never given quarterly voice it exactly he just says look he don't wanna buy my stocks don't buy I I I agree but. I don't think that should be the model for good corporate governance in the future bit they're pretty much saying. We don't trust analysts enough to be able to give them quarterly updates on where we think are companies going over the next year you know. Before we move on to our next topic our poll question today is have you ever used it or B&B as this service I have knocked. And I will tell you 54% of audience that sparked soccer has not used the service but. All of the text messages that we received up regarding here in the very positive. Now positive across the board I mean views. X sixty eat or be Indies in and I am with my friends in America it's cheaper than a hotel. I you'd campaign here pretty much custom features a house and selective Brad at a you know. A hotel and ice machine if you said C they use it cares the big deal for you was the price. Right oh yeah that's that huge thing I mean I mean I do Letterman Japanese but a lower prices ultimately what motivated. I mean it is ultimately it was the price diseases split. You know for weakened in Dallas we spent 99 dollars for the entire weekend ahead. An Italian you know what buck fifty and ninety yet when he sleeping in the closet. No we only dead and then in the hotel you would Alia. Stooped content at any ironing board. Participate in our poll by going to financial exchange showed dot com I'd be ever booked with their BB. Or Texas or text number is 63566. If you haven't texted just before me trees by first name at the beginning. Your text message my name is Barry BA RR one. In early may shocked. Seven out of eight small businesses that EV percent in the United States. Reported they were having difficulties. Finding qualified candidates per job openings. My question to you is. Is that. Hannity availability issue war is it compensation issue in other words if they said. We're not gonna pay seventeen dollars an hour ordered pay 23 dollars an hour when they're still be sure. You can't yet but my question back would be is there a difference. You know with with anything it's it's you're really looking okay here's or paying on interest in it dealt it really all comes down the wages and in what the job is or when it's all said and done. I do think there is on a macro level we we don't have enough workers to continue this kind of growth is in the US we know that because we're not having enough kids. I'll remind us of that today thank you just it may take that off your plate. We're not having a kids. We allow mail a modest level of immigration coming in. But we simply don't have enough new people coming into our workforce to be able to grow the way we want to go and and that's going to be the big problem going forward. I think you're gonna see employers going to the administration saying it because this is a business friendly administration. They're the most part we do you are made probably certainly much more business friendly in the Obama administration generally up. I think you're gonna have companies like Wal-Mart big employers like Wal-Mart and McDonald's in great deal on day eighty Boeing going to the president saying hey. We need more immigration. Because we can't find enough workers in if we don't. Because what ends up happening is. People think this is only good news the fact that the unemployment rate is three point 8%. But at some point you hit stall speed we can't grow is you don't have enough workers add to your business. And that's where and and the the the the president is understands that if if there's anybody that understands wage pressure it would be him. So I think you're gonna see people saying loosen up the strings on immigration as a matter of fact let's have. Let's allow the illegal immigrants that are here now to stay make them legal and what's beef up what if wary of it for allowing a million people to come into the country now it's still not enough. You might have to go to a 10000051 in the promise having a kid today. Doesn't solve a problem for 25 years right. You know where's if you could have three and all of us that Woodward outs and go okay now it now they've got jobs it's OK now we've got to you know its its prospects of thing about all the foreign kids that come to school here. That want to stay. You know one of now could be. Fiery if you post a job and you guys Tennessee if you post a job and your hiring an engineer your hiring sales assistant. You'll get a lot of applicants from foreign nationals that want to stay in the United States but no they have to leave once they graduate yeah. Right so if you also needs it up yet college degree and you've got some financing behind you will stay. I just think there's going to be a lot of pressure put on the on Washington. Two loosen up the purse strings I agree integration. Is Amazon getting into the insurance business. There's chatter that they might be now awaits it's it's uncertain at this point. But effectively Amazon was poking around with offering homeowners insurance and and the reason why can you sit there say. The heck would Amazon want to do with how we eat it doesn't seem like big inning everything. In the air or at least they talked about getting him in the big reason they wanted to consider offering it was they have all of these connected devices that can monitor you know what's going on and home and so forth and so their thought is we might have more data than other people and we might be able to price that the and so they've they've poked around there. They don't appear to have done anything at this point there don't appear to be making. Any concrete plans today something happened because the stock prices for all these insurance companies dropped Esther well it was a report that they they poked around to give you an idea progressive stock was off 3% Allstate was down two point nine child was down one point four so. It was enough just the fact Amazon talked about it very was enough to affect the market in that in that business. We've seen this before in the they'll say they're gonna get into the drug businessmen wrote that did CVS yup you know you just use you. Unity there's nothing they can't do as it is no no business is immune to the ends don't act now. Tucker I wish this story had broken a year ago was a you can now yet eat pizza bowl a year. Anyway why we would you mean why not why exactly. Tucker why would you not as yet grease all over the place well. For pizza lovers this one is for you to the wedding man loose a couple of I think pizza company has launched what it thinks might be the newest trend in wedding fashion the coordinating pizza bouquet and the new year. I think goal in autumn. I mean I just I can't imagine how did it to boot Mira and hopefully I can show you picture here and can't today. It's this little looks like it's pepperoni and in some cheese that you kind ago. I'm years you know lapel and every what's the company parents and in the company it's called Villa Italian. Kitchen. I just think you know my life if my kids are getting married this would be cement would you you'd wanna. You want a slice of pizza hanging off your your son or daughter and letting is better than flowers flowers are we more expensive and you can't beat them you can actually you can end some of me and a lot of and they don't energy in case you don't do roses. They've bee 50 here it is very. While that looks ridiculous. That it would agree it's stupid it doesn't look a look great looks I betcha it's gross to. Or gross about it looks like it's got to it's got pepperoni it's got cheese act is a pretzel that I see in the I mean imagine interests that's sitting for hours and hours on year. Close yeah it's gross. Very well Tucker's not a I'm out and he's out our trivia is coming up next it's sponsored by Arnold that's our next topic on the financial extra. Every -- -- the financial exchange on FaceBook FaceBook dot com -- the financial exchange this is the financial exchange radio network state -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your -- this is -- -- -- and with the numerous types of -- available I've got a brand new guide -- -- -- trust that will offer -- -- road -- -- to the different types of trust that exist and help you figure out which -- is right for you and -- -- -- revoke -- bull -- irrevocable trust and what's the difference between the -- should you consider a special needs trust -- life insurance trust one of the tax implications of each type of trust my new -- we'll answer these questions and more so -- right now to request this free -- at 8668485699. That's 8668485699. You can also download it right now by logging -- -- legal exchange -- dot com learn how to -- and potentially eliminate your estate taxes and protect your assets from the nursing -- -- at the same -- call now for my -- free -- -- -- at 8668485699. Or get it right -- -- legal exchange -- dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running the bank to make your deposits at your bank UNC rent to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi this is very Armstrong and like Q I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide that truth about annuities there are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that 803934001. Where you can download the guide right now at Armstrong advisory dot com. Securities offered to students are incorporated a perfect recipe seen advisory services are protestors American budgets incorporated Barry Armstrong representative ultra advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Hi this is Barry are strung and if you're a landlord or property manager I'm sure you've heard me talk about he 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 -- there information and manage all their security deposits Z deposit also -- -- -- many of the compliance headaches for landlords such as generating help disclosure forms and even send out annual interest payments directly to tennis just call the -- deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online. He deposit dot net member FDIC leader bank step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there hard just vote. Go to financial exchange oh does come in castaway. Yesterday it told where to find the best baked clams on the feet and now I've got a new links. Same place Arnold's in his early got to try and I'm a big onion rings very late batters not. But you know like sometimes they're really greasy and yeah engrossed in Europe why you need light and fluffy these are red lights and reality exactly they're delicious yet so hungry in the we're talking about food and now it's time for trivia. Earlier this week Howard Schultz the executive chairman of Starbucks announced his intention to step away from the coffee chain he built. In order to potentially explore a run for president in the year 20/20. We'll be asking trivia questions about Howard Schultz and Starbucks. In what year did Howard Schultz become CEO. Of Starbucks. Now our tech's number is 63566. The we'll go with. We think. Number seven number seven of them like I was lucky number seven will win the prize it is a fifty dollar gift certificate. To Arnold's restaurant in east ham Massachusetts. Again tech's number 63566. But. If you have not texted us before you need to put my first name at the beginning of your text and you do spelt. The A. Our and our. Why. In what year did Howard shall become CEO of Starbucks and again 6356. Sixes at tech's number. Something just broke as a relates to soccer which is a sport nobody watches and in this. All of the most popular sports world is it or come on where's Russian. Unwittingly. So tell us about Premier League soccer you know it every its Tucker did you knows the most import our sport I'd most popular sport in the world yes it is. Most watched sport in the world and so Amazon. Secured a twenty demy streaming package for the English premiere league which is the biggest soccer league in the world is it the best yes. It is far away of lot of ways makes it the best they have the highest payroll is at its assessed how. You know that's there there's that if if they get players from all over the world doping innings in the yeah you know it's that there are other leagues with good teams but not with the depth and quality that you see in the English premier who's the best player in the world. At this points me and I'll go. Now Renault mean Ronaldo still tumbled in the conversation he's I think 32 or 33 this year. In terms of you know who's kind of the best he's in the conversation still you know Messi still up there. The of the those geyser in in the conversation he Meyer. Now neighbors never really kind of how much did they pay for this Premier League and we don't know how much they paid but they're getting twenty games they live it's it's all live and it's going to be all the boxing day games was the biggest games that he mean boxing it's it's all on box and he. Which is in December. So it's it's all on one day that they got the supreme it you can watch playing games and Monday it every team place. I'm just tell me. Why would they do that day they wouldn't make more sense to spread him out in the Kennelly these kids did and what do they turn out I think out of that out of all the games begin might only be like fifteen of over there now but this just the way for them to kind of get Ian. In order to you kind of get started here that they're not going to be for the full season or anything like baton but it still is kind of in roads into additional sports that. That Amazon's you don't in two I think it's good move. Warm apple proved this week that it's not trying to force you. To buy a new phone with the unveiling of their IOS twelve how did they proved to us that they're not trying to force me to buy new phones still kill my battery thing here. And the the slow might speed down. What what they're doing actually with their new IOS twelve they're saying that it will even on iphones this far back as the. Older devices and he's had a severe guy with a six which mean which I am now you guys both at six or via Scott in new battery here it is. I batteries here there is 29 more ballots point nine box because mania screwed up. That's still that that it does kind of take the impetus away from buying new battery earth for buying new full rated Gloria thank. The other than maybe what better camera bigger screen or something that. Or facial unblocking of your phone much like as there now Mellon this year actually light at Astor. Election to function. Well I'm very happy with my six still now I just it's it's it's free at this point. You know there'd be so I'll believe wanna see if the software does in fact speed up my phone now holding member of that coming out September. And they'll be new old September 2. Yet they they usually don't announce those until close to the date to the expectation is we are getting new phones in September from Apple's book your plane tickets today. Why bother going up in price. Yeah plane tickets get more expensive largely because he fed fuel costs going up that's the biggest reason why he has something right they're gone up like we we still have time to book protects you you do typically it's airlines they don't coordinate but they do they tried you know one airline to go out and say okay were raising fares and they're not allowed to they're not allowed to collude like the CEO of the united kit called the CEO of Americans say hey let's all raise their prices they can't but they can. And in that what you typically seat one airline will go and try to raise fares on certain routes you and then. Sometimes other airlines match because they say yeah we think that we can do that and still pull the plane other times they may not in the airline cuts you know goes back to the original prices so price wars. Yet you see this. Pretty commonly in the the airline business and then but here you're going to see prices going up just his energy costs are up and also you've got high demand right. And so that combination is going to make it more expensive. As you go forward here you know the you know if the industry. Traditionally. Has struggled but now there's so few airlines laugh right now and you want to book a ticket. It's like one game in town in Russia willing to take multiple stops in or gore really weird times a day. Well and in in you go back and you take a look at all of the consolidation that's happened. And there's a great time one if you go back. And look over the last really sixty years and have been in particular over the last twenty. And you take a look at just how much consolidation is actually happened. In particular in the last just since 2000 here the airlines that have been absorbed into other companies northwest and delta. Which was a huge one you know continental and united and northwest as it used to be northwest orient. That's before my time here. We saw in northwest orient airlines because they do a lot of flying to Asia series of them going in the delta that was a big one AirTran into southwest was another one and most terrible. Continental into united US air in the US Airways those who you know the biggest ones there now but even before that if you go back to the ninety's you talk about what you saw then then you saw the consolidation. Of who was it was Pacific southwest going in the US air's well as you member empire airlines share Piedmont airlines all those. You know those real early nineties rats you probably don't those I was gonna be a ball like continental. That was in the eighties PPM expressed you know they were one of the first discounters. They flew their hub was new work managers. And they were cheap and he that was the the first time in these have like nineteen dollars airfares and things like that who's and then you go back to the ones that just went out of business eastern airlines and pan am you know you know. They coming up we'll have the correct answer and the winner to our trivia question next up and took stuff. The financial exchange is alive on FaceBook so make sure 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. State -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- -- and trust that will offer -- -- roadmap as to the different types of trust that exist and help you figure out which type is right for you and your -- -- revoke a -- irrevocable trust and what's the difference between the -- should you consider a special needs trust -- life insurance trust one of the tax implications of each type of trust my new guide will answer these questions and more so -- right now to request this free -- at 8668485699. That's 8668485699. You can also download it right now by logging -- legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free -- did mystifying -- at 8668485699. Or get it right now it legal exchange -- dot com. Hi this is very Armstrong and liked you I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide that truth about annuities there are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that 803934001. Where you can download the guide right now at Armstrong advisory dot com. Duties are registered as Eric incorporated benefit recipe seen advisory services are protestors American budgets incorporated Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Are you having problems the block sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've that all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices cult easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 86 to 1190s that 781. 8621190. Or you can visit them on line at easy plumbing MA dot com for more information. Mass master license number 10. 183 again the number is 781. 862. 119. Now folks is chuck and Mike from the financial exchange we're talking this month about annuities and specifically. To our strong advisory group got the truth about annuities Mike let's talk first about some of the benefits of annuities when it comes to tax deferral that's probably one of the main advantages that you get through the use of it would. Correct I mean if you think about it traditional investment lets you go out in your bias CD that's paying you 3% interest. You're paying taxes on that interest on your 1040 every single year. With an annuity you might be able to get that same 3% rate of return. But all the taxes are deferred and he decide to take that money that can't be an advantage for somebody in high tax bracket today. Other benefits that are on their you have the ability at these writers either income benefits or death benefits on annuities are and that's where things get a lot more complicated and it's very much dependent on each individual situation. Yet there are writers on there that can guarantee you that you get a certain amount of income for the rest of your life. But depending on your own current income situation that may mean up valuable there are things like death benefits and market protection. All sorts of these different things to be written into these contracts but they do come at a cost. The downside due duties the two biggest reasons that people have issues with them sometimes. They do lock your money up for long periods of time was surrender charges some of the newer products are able to reduce or in some cases eliminate those. And also you do have to worry a little bit about taxation on the back in taxed at ordinary income rates as opposed to at capital gains rates folks all of this information and more. Is included in our new guide the truth about annuities gives you all the pros and cons all the different types of annuities out there. All you have to do to get it is call 803934001. Or go to our strong advisory. Dot com. Securities offered through securities America incorporated member of humor SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. They say video pads ten pounds. But don't tell Berrian judge the financial exchanges alive every day on FaceBook and YouTube this is the financial exchange radio network. Howard Schultz was born in Brooklyn New York in 1953. Chuck. And he became CEO of Starbucks in 1986. He could have been more than 33 years old. The winner on this question was Chris from East Falmouth and Chris is taking home a fifty dollar gift certificate Arnold's lobster and clam bar located on US route six. In east ham Massachusetts their lead ship Susie. She's in the Cape Cod stuff claim contest for the third year in a row to get down Arnold's and check out their great food for yourself call 50 wait. 2552575. Or visit the monoline Arnold's restaurant dot com. For more information. I hope I'm not around for nuclear war but there's a Lexington. Biotech company. That will be able to sell a drug that has been proven effectiveness against radiation sickness is being reported by the Boston Globe yet this is. Approved by the FDA now and I just drop the entire aren't so I don't I area. I got to cover. Have mine what's what terrible timing on that went yes or just a crew of approved by the FDA. And it is a company called partners therapeutics in PTX for shore and be at the drug is called Lou Kean and it was originally designed actually. To bolster immune systems that have been weakened by chemotherapy in patients with acute mile at leukemia. But they started doing some lab tests and found. That monkeys were actually able to survive high doses of radiation injected with this before war. Oh I'm I'm sort after. And so they've continued some tests and said hey this is a submit might be able to help but treat radiation sickness thirteen hundred bucks in ghosts Tucker the stock. Now mice for a pack of five that's it for five. College classes like you'd take one and then you're good forever DS kind of wondered do you really wanna be around after the Apocalypse Now. I mean ethnic interest in for a weaker too that's beyond that it's like okay what are we really doing here and you know but I'd like to see you weaker to. Yes need to go see that movie I told him what Apocalypse Now known. The the ones Krzyzewski was tickled to acquire players likely outcomes that were come about from this I don't know you gotta go see it go see it you understand on top of Boston university and Johnson & Johnson Parse teaming up to find an. Easier way the better way to detect lung cancer early here's the problem you lung cancer they usually don't find tilt stage four then you. Worse yet it's it's typically not found until later on that obviously means that you have a much now worse. Prognosis going forward. Lung cancer still one of the toughest diseases to treat simply because it's often found silly the five year survival rate today is only seventeen point 8%. Which isn't that much better from 1977 when it was thirteen person it's one they just haven't been able to make parks. Instantly it could if they found it earlier again they found it too. They try to be okay that they don't what they're trying to do is develop a bio marker based on screening tests that you get some blood drawn and they're able to tell just from looking at that. And that way they were able to say OK based on these bio markers that are present in your blood. Hey we can take a closer look we need take a closer look and and just you get a little bit more information on what's going. You know it's the guys who do you go to school to a doctor get a physical every year he pride now my docs at this point Amani every two years I go and you know the they don't give you align test and unless you've been bitten by you know. Job Lyme Disease and make sense but it's it's prevalent and is the reason they don't is because it's an extra cost I wonder about this test writes if you mean extra cost. This test if they forget it figured out there will be but I mean again there's there's other tests that you know we typically recommend and so forth you know Colin ospreys every however many years and so start those 45 now for the sanity SS and look forward to wonderful folks like you I've watched president trump lay out his agenda very carefully. Because I know the decisions that he made. Fact my clients on the fiduciary which means that I did I make my decisions that are in the best interest of my clients many of whom. Are retired or her reached retirement age and so as you get older. Annuities might seem like a popular choice add your portfolio if they are. It's called right now to get our free guide the truth about annuities there are many to choose from and many are designed to provide income for life. But there are risks associated with each purchase call now 80393. 4001. And get your free guide and warned the truth about a new lease that's 80393. 4001. Or you can download the guide right now at. Our strong advisory dot com. Securities offered through securities America incorporated member Finneran SIPC and advisory services are for through securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. He's back and talk about you on mosques to show Tesla share prices up 10% yesterday it's up another one and a half percent today trading at 324. Box. You know say what you want about Tesla say what you want about Elon Musk he is the master of quarterly meetings spin. He's he's he's the master of spin hate you know what. People are buying it and you know he did say he's the master spin that people are wagering. Literally billions of dollars on this company. I'd I get they are at some point be in again you the problem with tassel. News if you ever see a perfect case where. Liquidity dries up a little bit bigger we were the first casualties when he says that there are going to be profitable that they are making 5000. Cars a week. Later this month. Now that's the I would think you'd spank so he must know that they're capable or maybe the have one week where they crank out 5000 cars. They they've they might have something like that I just a and get a little tired of the long Newton because every its own next you're gonna have this and that is the role the projects he's laid out for 2019. He wants Stabenow these trials are people going to the moon on SpaceX he wants trucks he wants to start developing a smaller compact car. If they don't have the resources do all these things and it sounds great on a conference call. But it's. When it comes excuse and it's always been their problem they don't they always over promise under deliver in terms of timing what do you think about the China deal. I think they can help him. In what way manufacture and he he's going to be paying his workers over there eight bucks an hour. With a knock him ship in this cars backed the US nobody can ship the European chip and other parts. Yes it's it'll help it will be a lot of demand for them just in China China is either a lot more. You know a lot more people doing it. Buying electric cars in China proportionately there in the United States and I just I I wonder if he's going to face. Pricing pressure from other competitors that are getting into building these kinds of products now he did all the R&D in every other companies looking at the same. OK now we know how to do them hiker. I'd dying or getting into the electric truck this is the devil here you go so you've got dime more coming out. And they are. Coming out with Dave and electric vehicle called the task media. In order to try to compete with Tesla semi truck and keep in mind dime which company that's been involved in truck and forces they first of all know little thing a little bit about the business. And they think that they can develop competent product to. Well we'll see me the electric truck business he does it does seem that. Electric vehicles are going more and more mainstream the EU is years. You're starting to see I think they doubled over the last three years and in more and more people are buying them. Still not a big seller I don't think you're gonna see electric vehicles beat the solution for trucking in the long term he is I think the battery weight is too high and reduce the amount cargo you can carry. You might have you seen any progress made in battery technologies there you might see fuel cells be the option for trucks where is electorates electric vehicles become the options for cars it's just it's a different platform it might require different things. Coming up will be talking about the price of health care for family for just how much is it well we'll let you know when we return. Barry and shut. Alex. This is the financial exchange radio network hi this is very Armstrong and like you I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide -- truth about annuities there are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that's 803934001. Where you can download the guide right now at Armstrong advisory dot com. He's a protester is American corporate members in Ressa PC advisory services are protestors American budgets incorporated Barry Armstrong represented a strong advisory group the securities or to companies are unaffiliated guarantees are based on the greens and ability of the insurer. 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 granted it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired dizzy ran technology to Obama called this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Net state -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- demystify and trust that will offer you'll roadmap as to the different types of trust that exist and help you figure out which type is right for you and your friendly -- revoke -- or an irrevocable trust and what's the difference between the -- should you consider a special needs trust or life insurance trust one of the tax implications of each type of trust my new guide we'll answer these questions and more so -- right now to request this free guide at 8668485699. That's 8668485699. You can also download it right now by logging -- legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free -- did mystifying -- at 8668485699. Or get it right now it legal exchange -- dot com. Time for bank pays you later banks that reward accounts can 1% cash back with a debit purchases and an extra 10% back when you user carted featured businesses qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917. To 900 or visit leader bank dot com minimum to open and current annual percentage yield ten dollar mass residents only Beasley reduce earnings rate subject to change without notice member FDIC leader bank a step ahead. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally it just makes sense of leader banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader bank a step ahead. 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. Join our brand new tax club by texting the word Barry is 63566. So your first and last name and get involved today you're listening to the financial exchange radio network. The cost of health insurance. Going through the roof back in 2010 challenge to cover I failed Leo for for health insurance he cost 20000 bucks a year okay. Today the number has risen to 28166. Bill. Yes so it's about 40% over a an eight year period which means you're seeing increases on average about 5% a year now in terms of what you're having to pay. Which is dramatically outpacing what we see in terms of the overall broadly reported. Inflation figures so it's. It's a cost that continues to rise and and rapidly is outpacing. What people are making I mean you see this him if it cost you 28000 dollars a year. To cover. Your health expenses and the average American family is making about 6065000. That we're doing something. Wrong it's got to be an impediment to hire. Right they if they'll say here let's say you're running what's what's a mass market company like Wal-Mart or Costco. McDonald's McDonald's. And they wanna hire workers and what do they pain you know Costco I think just raised their minimum wage to maybe seventeen dollars an hour. Steve Payne seventeen dollars an hour which is in forty during the year the cost of insurance is as much the wages that you're paying someone in that case. And it and that's why wal mart's buying Humana that's why CVS is buying them they're saying look we need to figure it cheaper ways to do this as it doesn't work for us yes it does it it's. If it's reaching a tipping point. And and I don't know. I don't think anybody has a good answer for all due knows it's you know 20% of our GDP more than 20% of our economy's based on health care. And it's. Reached you know bill level that makes it unsustainable. Folks this segment of the financial exchange is brought to you in part by leader bank it's not too late to get a great rate on a home mortgage. In leader back as some of the most competitive rates around call 877. 6917900. Or visit leader bank dot com for more information. We are banks and equal housing lender member FDIC and MLS 44925. For people younger. Than 65 years old sleeping less than five hours a night on weekend was associated with a 52%. Higher mortality who the heck sleeps less than five hours tonight on the weekend. Well depends on the weekend I I tell you where I sleepless in if we stay up late which we do on occasion with late period. Last Saturday night the last Saturday night we're up to about 13. At a as played pretty late that's that's my problem is ice the week up at five to him though I don't. I can't sleep in Ireland and guys that can say I'm I life. Afghan night my life it's a total via if I step to 2 in the morning I'm I'll put this on it doesn't matter you're like you yesterday were also are sorely as a as though now zed for. If you were gonna die all while the world and die no rude and dire you know children on Thursday you'll notice that you 52% increase in mortality it's bad it's not good I can we tortured 65 is and apparently needlessly. It doesn't it doesn't hurt UP short amounts when you're gonna get up every now you like from anyways and the death toll to 65 today he'd get that system that's good. News that he is something else to look forward to him wait to get old. About a third of US adults get less than seven hours of sleep this according to the Centers for Disease Control. Men according to the study need almost eight full hours of sleep where women only need seven point six obviously he has. Six to seven. I functional lot better if I again eat. You know what's great about having grandchildren. What's not. Happening. Only if they want a nap at the same time aren't we have to schedule your baby sitting around so what I do is on Wednesday afternoons I've babies. But I babysit when I get it within half an hour when I get there put him out there now demanding guess what I knew now I Nat. Mapping to qualify under Reagan I don't think napping is grossly underrated guys title life. Night and ample time to half an hour now I don't know. What gets him what gets me ready for the weekend I take a Friday afternoon nap when I get home every Friday and that's like that Sally ease into the weekends asleep for about two hours on Friday night while. Two hour nap oh yeah that's aggressive two hour nap and then I'm ready to go for the weekend and it it just it but I several. Those were two easy deed Angela used according to this more than one informally needles. Drink alcohol at home because it takes too much effort to and fifth at this story I think it cost it's definitely cost. Just tie the stats here and make this stuff this came from money if its campy yet headlines very misleading and 55%. Of all Americans prefer staying union. I prefer staying in for two reasons number one it's a lot cheaper and number two I don't afterward entry in drivers you know the problem with Spain in the clean. Entering or it's real hard to take that came in and throw it into the recycling but you you you and I can't answer. Thank you give it to be and is having dinner party having dinner parties are a lot cleaner. Ya wanna dishes and yet clean the dishes clean up after your wife makes annually. My issue should make a mess of the kitchen guess who cleans it up. Me we made sauce last week and told that's you want to augment cleanup. Try to make it sauce thanks for bringing some and I was gonna see you know disease to measles several times that night sausage that last weekend idle report calls for example I don't either what you were fasting on Monday night confessed and today is Thursday Tucker you look like you could use a little fast always. Oh that's cute. And our top. Yeah and Arafat topped I'd pick etc. Mike off. A let's go to who. President trump has been. Pardoning a number of people lately beg your pardon he pardoned somebody yesterday. But why would gives the president the power to issue part of the constitution and article two sickle into all the way back to 1789. And it's it's only with regards to a federal crimes Britney can't issuing pardons and state crimes and but for any federal crimes presents are able to one issue pardons. Annan's. That's just you know who gave the most pardons Tucker FDR he he issued. 2800. In nineteen pardons. Ronald Reagan knew about 393. George Bush 74. George W. Bush 189 President Obama like for right. Know President Obama to 212 ala. Analyst Donald Trump is easily then thought. What if the organism and he's in office for fifty years and it's true. Friends you want for president bill yet he went for presidential dance served only three quarter terms three terms and he got pretty quick in that fourth was pretty good in the lost on news. When we you'd be inaugurated in January and realize now in. In April and Georgia with his girlfriend. You do know that I didn't now I do he died with his girl photo Emory and at Churchill he gave me to do what good is that quite good that. You know we eight Wells Fargo was raked over the coals by Elizabeth Warren and congressional committees and I talked to somebody at a high level in the banking industry around that time that it was occurring in that was what last year right. That was little yeah about a year ago in that ballpark well this executive told me. Then it a lot of banks wooden walls farms and in this is now. Coming to potentially there could he is aero now so what you're seeing is this is a federal review that was done by the office of the comptroller of currency Newton is finding that. There were quote weaknesses at other banks that led employees to open accounts without proof of customer consent X. So it's system. Wells Fargo's but Wells Fargo didn't think this up on their own they just figured out. No they they they pretty much realize that most customers to more looking at things closely enough and its sale only. Yeah we've we didn't do that okay it will fixed for him and you know but it just it was in across the board per. It's an eight he didn't help the company make any money it actually cost the company money. Britain is in a little bit compensation they were paying out bonuses based on false behaviors that they were monitored about how dumb that is. Shall bit him in there and when it was all done. The Dow is up a 114 points but the S&P is down to crude oil trading up a dollar a barrel I actually thought words he crude kind of down about sixty bucks but it's at 65 dollars. And 79 cents a barrel. Thanks for tuning into the financial exchange today it's very sharp and Tucker signing up but will be back tomorrow with another day.