Jun 18, 2018|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Fears of a full blown trade war seemed to be. Spooking the stock market and investors. Across the globe and right now the Dow is down about 200 point three talk about the trade war and is it real or is it proceed. And then you're gonna talk about states individual states making tax deals in an effort to lure companies to do business. In those states hi everybody it's very chart with you here it's a Monday it's going to be a hot one. And you know over the weekend all like it read about lose the east terrible trade wars and I still look at the dollar mountains not. Mentally I I don't like trade works I don't like tariffs because tariffs let's be clear folks tariffs are taxes. And with the truck administration is doing is raising taxes on imports. Exactly and I think. What we see from this first stuff phase that is now going into effect both the US tariffs on China as well as China's response terrorists that are now implemented. On the United States. They're small enough that they do not represented a threat to growth in gross too gross domestic product just on their world. It's the question of okay. We thought these were negotiating tactics going back and forth to begin with and other implemented. We've also seen the US talk about imposing a broader. A group of broader selection of tariffs on additional products as well. What if that's not just talk what do we start to see that implement what if China responds what do all of a sudden. You have these neo right lines that are being drawn by China and their allies the US and our allies and you sit there and say. This could escalate to a pretty ugly place if it goes down that road now I don't think markets are pricing that in no at the moment now. Now they're clearly not investing in this in this market and Enid area not talking about a major pullback by any means but. It it would seem like political suicide truck to enter into a full blown trade war you head into a mid term election. Which is why I don't think you necessarily see a full blown one male but what is seen isn't pretty right now skirmish I mean. Even this week we talk about the real affect this has on American consumers these. Let's look just at the steel and aluminum tires because at this point the US is implemented dumb. I'm just about everyone to be completely on you in reference. And Wilbur Ross when he was first talked about these ethic was either back in February or march he said look this again adds somewhere around 1% to the price of every car that people in the United States have to box. What that means that's about 350 box of okay is average card is about 35 grand that's of people spend on seventeen Italians they say a case or worst doing that time seventeen million vehicles. And that means that we are raising cost by six billion dollars on US citizens just four. The cars they're gonna buy tiger doesn't factor in the you know higher cost on anything else doesn't factor in the building materials and things like that but you sit there any say. So we're we're taking all this money from tax reform and and in all this money that's coming back into the US do to that you know. And and now we're just gonna spend more on vehicles just the sake of doing so bad perhaps that you know it's HD one of China's responses. Is to tax American oil that they import from a they buy from us. Will that have the effect of lowering oil prices domestically. No it won't okay simply because you're going to see response to air coming as well keep in mind we owe a lot of about 25% of the oil that we're producing right now we are exporting. And the reason why China is going after that is because that export of oil. Is one of the things that is making the trade deficit even you know as big as it is and somewhat small content if all of a sudden you are able to export that oil as easily bring it widens the trade deficit winds widens your current account deficit he start to run in some balance of payment problems and you know down the road potential. Some people feel that China has the upper hand in these negotiations I'm not sure I agree because I feel like China in the we are the customer of China like week we import a lot of things from China more than the import from us so why why is there perspective. That China has all the aces in the street I don't think China has all the aces and I do think they have an advantage because they are at the the the country that is exporting these goods. And when you look at Belmont leave the customer is in Europe the customer well how much more can US consumer spent now. The idea that they give the US consumers pretty stretched as it is savings rate is two point 8% were seeing additional debt being taken on. We're seeing you know the the US consumer. Not stretched to the end there were getting pretty total unemployment getting pretty close to nine point 0% and so. In terms of how much in flip action extra inflation in the US take gone. I don't know it's that much to be honest where's China. Look it's it's controlled by one party it's the government can do what they want there and the people don't really have a say and even if they did the government doesn't listen. Well and we owe them a lot of money. I don't think that's a factor in this you don't think the the amount of treasuries they buy you know. Noah that the Chinese stop buying US treasuries where years ago when he saw them they they're not buying any new US debt which tells you. They don't view that is something they wanna be holding for the long and the it is texting seeded Chinese tariffs and how their target engineered they're really targeting. And the middle of the country would you say. The red states they are but I think that's largely because there's not a ton of manufacturing that happens Ian Massachusetts there's not time manufacturing in Vermont is not a manufactured in Maine compared to. Ohio Tennessee Kentucky they that you noticed they haven't gotten after bowing out. Well they haven't to this point. And I think that's largely because they know they can't make all those planes they need they need if they need them and they they they can't go after them. What you are seeing in Boeing stock took a Boeing stock is selling off as well as a result of how much it down today today is down about half percent but over the last couple days it's down little north of 3% and so it's. You know there's there's there's fears that Boeing could be because that's. That's our number one. You know toxicology single biggest US exports and his bowling and and that is the Boeing is the company that if you believe that US exports are going to be the engine for growth you know over the next decade. Boeing's the company that you bought. Because they are the single biggest US export the single biggest high tech's high tech exporter in the country they are the company that you focus on. And so awkward for me I look at them and actually that the dipped bigger than I I thought it's actually about eighteen dollars. Which is about 5% over the last four days of the Mueller's business quite sell off there and I say this I'm a bone shareholders well anything related to currency there. Someone I mean you you've got a dollar that strengthened over the last really two to three months now after weakening for much of the last eighteen. And in that strong dollar by the way is something that is starting to have an impact in emerging markets right now you're starting to see. Now what we call it effectively a dollar shortage that is developing its part of the reason why I think the Fed is going to curb its. Reduction of its balance sheet a little bit of a little bit quicker than anticipated is because. They're getting the point where they say look we we can't do this or we're gonna see some pretty negative impacts pretty soon. The headline in the Boston Globe reads baker signs law to boost life sciences by 500 million dollars over five years. It's actually it 473. Million dollar piece of legislation. Of capital spending into grants that authorize up to thirty million dollars a year in taxes incentives to help the Biotech industry. This has begun by Governor Deval Patrick in 2008 is being continued by the baker administration. It's been great great day I mean Boston has always it's been huge it it's that we benefited from it yeah but it is corporate welfare. Well yes but the question is is that something that we should be encouraging or discouraging. That is the question and it's actually our poll question today Terry went through our poll question out there yeah pull question can be found at financial exchange showed dot com and today's question is should states be giving corporations. Tax incentives yes or no one once again that's our financial exchange showed dot com. CVB a there's a big part of me. Chart that says no state should be allowed to induce a corporation to move it east. His its its artificially. Changing the playing field Brady they're changing the rules of a corporation and in behavior. Connecticut has to respond in kind New Hampshire has to respond in kind where's it states weren't allowed to do. Right wouldn't it get make all the states a level playing field are more level playing field though it isn't the role of government to change the playing field. Yeah but at whose expense rate it sea of Massachusetts inducing and it was a good idea and did not say who it down and it's been very successful over the ten years. But at. The cost of whom. Like with states got penalized Connecticut he had Pfizer move out of New London, Connecticut yet another company move out in New Haven to come up to Boston. You've had jobs leaving New Jersey to come up to the Massachusetts area now it's been great for Massachusetts right in your property values and increase in wages are better and jobs you know there's lots of jobs but is it the right thing to do across the country I just ate a bowl like we've never gotten attacked for our little company. We get we never get attacked. And so are our taxes are higher in your personal income taxes are higher track because the baker administration chooses to pass tax breaks under the bios. Absolutely is but I think you can make an argument that that's because this is a sectors that. Generate significant growth to up and if you look at how this is paid back over time then. It in again you you do the math out and in I haven't done but you do the math that you see a case are given 500 million dollars worth of tax breaks to get these companies here what do we do. Do we make that up in additional taxes that are coming through for income tax do we make that up an additional property taxes do we make. Do we make it up on the back end when it's all said and done it would appear weak in in some cases you don't like that. There are times where we've seen you know. You go down you say okay Rhode Island gave seventy million dollars to Curt Schilling never didn't really out member of that solar company at Evergreen Solar Evergreen Solar was what 400 million dollars I think the state. Didn't work out so you have cases where it doesn't. But just because something doesn't work sometimes and I don't think necessarily means that you shouldn't do it overall because if you look at the growth the Boston is seen over the last decade in particular. A horn of it has been driven. By what you've seen from Biotech firms in this area the amount of investment that comes into the venture capital money that's here. It's largely due to these incentives that are in place. It it's a moot point I suppose because in order for Massachusetts to say we're not gonna do this anymore all fifty states would have to say we're gonna do that's. Because it's there and everywhere Connecticut just took us postal company out of the Worcester things called mag Tek. And it's moving. From. The Worcester area to Connecticut they got a taxed on it it's it's done at different levels in different ways in different states there's some states that say OK we're going to have a state estate tax and other ones don't and so if you are a younger person you have to pay more in income taxes because there's no state estate taxes and some of the and so it's. There's given taken every state I think that's kind of the point of the United States is hey they'll kinda do different things you decide where you wanna be based on who you war whatever point you're like few more. Up next for me talking about wide diapers are in trouble yes the diaper business news suffering a setback. Don't forget to participate in our poll it's a financial exchange showed dot com or you can Texas tech's number 63566. Diaper talk is next. Woman coming should do business and financial. It's it's the financial exchange with a very Armstrong and chuck Zahn on the financial exchange radio network. Hi this is Todd let's keep a partner to law firm of crushing and on and host of the legal exchange radio show planning for later in life is a definite challenge there are a lot of factors that come into play. Especially when it comes to protecting your assets creating a trust can be an essential step to helping you through this process but how do you know which one is right for you given how many types of trust there are my firm is an expert an elder law a state planning and asset protection and this month we've got a brand new guide out called. 8668485699. That's 8668485699. You can also download it right now by logging on to legally exchange showed dot com don't leave your family's estate and assets at risk call now for your free guide. 8668485699. That's 8668485699. Or get it right now visiting illegal exchange showed dot com. Are you having problems the blocked 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 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. All easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care viewer 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. 862. 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. Hi 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. Barry we created a security deposit product. To really help the problem a lot of landlords are facing with security deposits which is. You know one it's time consuming to open the small enough security pop number sons. And yet to go into the branch gets 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. 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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 want to learn more about 7816418691. Securities offered to securities America team members and ran SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If 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 sevenths right here on the financial exchange radio network. I. It is a bad time to be in the diaper business during the training can't business. Simply because the birth rate is declining. Yeah this is a a business that is somewhat of a melting ice cube of sorts in that. With the birth rate declining in less children being had each year by American families it's in the Cooper. Yes that's that's a good way to put it that's good way to put it you what you see that in April of 2017 April 2018 and there was a 6%. Decline. In diaper in training pants sales so if you are in that business in the company's. That are in there the big ones that are out there Procter & Gamble Kimberly-Clark. The the kind your biggest ones out there. They're having to adjust their businesses based on hate we don't have the demand that we necessarily felt we would in a stable birth rate environment. 700 bucks a year Tucker that's what you can expect to spend on deep diapers during the first year 700 here who per child. Per child steep with a lot of money steep. Going approve. But let's not just that though all the things. It's a it it's just. Yet your generation is having a profound impact on companies like Procter & Gamble our day. They are daring nab business oriented and you know we you'll laugh about it and say well you know big deal there they are sales are down 6%. But that's how they giving your house race in its not see by the Procter & Gamble diapers of the Johnson & Johnson diapers but in airing your house they get all the other stuff. That you bought it brand awareness and and that's. You know if they're brand loyalty that's old built. On the other thing is that those companies are also facing us significant. Competition from new competitors that are getting into that market to. That are potentially more in touch with what people in their twenties and thirties are buying to begin with him. Lot of people in that age group kind of you Procter & Gamble as the other parent company and don't have the same relationship with the. Amazon tried to get into that business just did not do well I was just gonna say I just looked up to see if there was a diaper brand made by Amazon and they do make one. It's called mama bear. And looks like for. Four packs of forty it's 36 books should check do you price check and it's 22 cents a diaper in general Powell and as well Los. Two hours and with the the minute and a half for diaper a clip of the dependency yeah I mean visit the diapers on here I'm looking at a better time. Per via so there's better options and yams on Brent. Police fair it's not about Wafer they're becoming it's it's an amazing story it is is a fairly new company would. Maybe tenure shall twelve original yes somewhere at the 2004. Or 2005. I think they were found on the take a look in 2002 sorry two in growing. Just astonishing rates like 37%. A year. Yeah that their sales growth continues to be through the roof the big question everyone has about is can they ever figure out a way to make a profit because right now they're not anywhere near that they're not they're still losing money added that they're still lose money in the big question is when you have a company that's based on growth and when there be out trying to. Financially engineer the company is still grow despite the fact. That they're not profitable I don't like Tesla. It's it's I think the big concern for company like this would be if there's a you know an economic downturn can they survive that kind of situation yet they benefited from housing. That the housing boom easy money over the last decade that's been one of the biggest things that's kind of kept them moving. In the right direction they've really read those tail winds. Pretty significantly but what they're doing is they currently employs about 3500 people in Boston you know but the thought is that they are going to be adding up to one million square feet of space in Boston. Over the next several years in particular. They just signed a new lease for 395000. Square feet of office space in back beta can hold another 4000 employees they're planning on bringing on 101000 employees over the next three. It's just ask you silly question. Why wouldn't be saying gee Boston's a little pricey. Let's let's put 2000 of those employees in what's. It's a good question you know would he be busy thing about New York City very. And then they do were reverse commute to Westport Greenwich Stanford or that there's a lot of it to those places are cheaper actually. Novelists of anything more expensive it's just that you're dealing with you companies that have so much money that it doesn't matter you know. But I raising their their hedge funds that picked those areas and because they had deep enough water if they can get their yachts and now. I just think it the this I I wonder and I worry about the city of Boston. Getting overpriced you look at the cost of rent you you compare rent price in Boston to Worcester pretty talking about twenty cents on the dollar. Oh it's not that far no. No it's it's probably if you're looking in again I have looked at Worcester PM space even if it's my guess my guess is it I guess it somewhere between forty and fifty cents on the dollar see it rented half price you your wages are probably a little more there are what the question is can you attract. Workers to go out there it's kind of a chicken and egg problem you know. Anyone who's in that age 22 to 28 bracket where in and that's what wafers target and they want the young people right out of college. You know that they're people who do we have for better force I'm not making judgment they like to go to brunch on Saturdays and Sundays they like to be able to go out with all their friends on the weekends. I don't wanna be in Boston they want to be where the actions the same reason the New York City despite it being the most expensive place to live on the East Coast and still draws better than anywhere else because there's more to do there we did a lockup Petit there are a lot of cop that there's a lot of competition for these workers they're competing with Google their completing and massage him and that's another reason why they stay in Boston. Yes the work if you are saying OK am going to be in Worcester verses Silicon Valley. Tough sell if it saved me a Boston's up and common ball. I think Boston is where San Francisco was ten years ago now I think. I think you're just on that is the leading edge right now prices going up so I think there's gonna be a ton demand all these companies trying to get talent in here. There was a rumor about a week fair being. Acquired by Wal-Mart will discuss that just a little bit when we return to the financial extra. Like this 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. Cold easy plumbing. 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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 college -- mystifying 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 -- you need to revoke -- bowl 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. 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Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance disk called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank step ahead. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold locally it just makes sense of leader -- -- -- 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 this is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks -- hassle out of Iran today we're zero and leader banks all mine rent collection tool he -- automatically -- tenant's rent and deposited into your account visit WWW -- he -- dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent dot meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today until Berrian jug right here on the financial exchange radio network. Mike Armstrong joins us now for Wall Street watching Mike let's start off first with Biogen they're down about 6% today its stock that's always been someone up and down but what's the reason for the dip today. One of their competitors that PT he therapeutics. Announced on Saturday it had positive in terms trial results. On a treatment for type one spinal muscular atrophy or in that. That's stock PPC therapeutics is. In the 27%. And because of that competition Biogen now this morning in the six percentage bench. Also down today is Intel which is off about four and a quarter percent little bit odd to see that from them this year where they've rallied pretty significantly. But what's the reason for the decline there. They are net yet keep in mind Genesis stop at this time last year's trade route the report dollars a share currently around 53 dollars a share. There was CN culture port that was put out to around the capital markets' basic downgrading the stock. Saying that they're dedicated to increasing. Pricing pressure competition from A and he is well if you go to companies as well as it appears they're a little bit concerned the stock just about. The overall China trade tariffs so icy patch and stopped down to doctor has sent about fourth quarter percent sport. Very good thank you Mike. That is Mike Armstrong with Wall Street in our text number 63566. And we are having a discussion about diapers. And 978 rates in very adult diaper use is on the rise and I will tell you. In Japan where they also have very low birth rate they sell more adult diapers than they do baby diapers knocked it. That's just not the point that a we talked about Libya diaper ratio that's I think that's a good measure the country's demographics there they're growing like crazy way fairness. They're hiring another 101000 workers Justin in the Boston area. We had reported in we've we it's we've read in numerous occasions. About Wal-Mart potentially buying them. Is that bolstering the stock price do you think it kind of put that up a war on the stock amid news that rumor still circulating on the Wal-Mart put option and you know it I just like. Because I look at the valuations company said cash they're losing a fortune. All these companies are up in that stratosphere though you know it's just anything related detecting e-commerce is up this way me reminds me of 1999 chuck I when I look at a company like this I think about. The difference is scale that they're far bigger they have real sales and they have revenue you know reading what those guarantees Clinton's favor any rapper and actor but. You know you that we got a text from 617 saying quote for years and years Amazon to not make any money. Amazon's the exception that proves the rule you know if it's like when people say all FaceBook you know was a social media company that made it. Yeah but like again that there one of the few most of these companies. Ten the flame out at some point it's. You have companies that even make it a while and then flame out sometimes so I think with all of these you can have to look at them and say okay. If things start to get ugly. Which companies the first to go to the ones that are in need to finance and that's that's what you see is the ones that can't make their payments without tapping debt or equity markets. They're the ones that struggle book is when things do go downhill and and look at some point they will because that's just how business cycles ago her. The companies that need a billion dollars and can't tap debt markets the companies whose equity now isn't worth anything can't tap equity warrants anymore. That's how companies go out of business. Tucker I came across a story on CNN merit. A 23 year old Wal-Mart shopper is accused of making fraudulent returns more than 1000. Of the chain's stores across the country so I was trying to figure out. What what is this guy guarding you know how to do it would be reduced he would buying me in correct me if I'm wrong here truck but he would buying. Technology computers from Wal-Mart. And then he would take them apart take out the valuable components. Within that computer up. Sell it evidently on the after marketer who I I don't know what Houston department he took about. But you'd taken the computer back to the store and say what doesn't work and knowing my money back Murray and he got away with it performed. Woods is it's what it sounds like is but it was a Q what he was doing so for eighteen months and a thousand stores which means you're going to tune stores today yeah. Over eighteen months he made one point three million dollars which means by the way. That means that if you look at the value what he was selling from these deal fraudulent sales yeah. Thirteen hundred bucks a story that he was terrific so what was it like. Help me Anderson like I'm I've got a laptop sitting in front right yeah so he could he knew how to take it apart. And then find invaluable component within that. You know my guess is what he did and and again this is just so that he could go back and at least say OK you know returning computed still works somehow got my guess is he was probably buying. Mid to high end you know laptops or computers out Wal-Mart. On the side he would go on to be you know a parts supplier and buy cheap replacement parts to a video card processors memory. Just drives things like that. He probably pull out the high value components put the low value one back in return a working computer just say all it I don't want this anymore and then probably take off. That's and then I was sailed higher value parts for. Yet for profit I was thinking you just take a Nazi law doesn't work imminent on a combination of the due to be said it doesn't doesn't or ultimately they'll open the thing up in the sale of where the text video nearly quit doing I'm brawl mark a return desk could be sophisticated enough to do that. It generally the tech guys at least at Wal-Mart they're not you know the best in the business yet today they at least like you're gonna be like okay lake does it does anything happen when I put this you know. They're always gonna run a basic check on it. And they might not know. Is all if they show over Seton you know they might say OK you know you're turning your computer we're getting a computer back OK great we'll deal with you know what the parts are figured out down the road and they're gonna at least try to turn it on and say OK what what's your kind of the big problem here. If you just returned it with out any parts. I think I don't think even gets through the door and but it's still it's the whole thing is fascinating lead. Good bit of a lot of money it's a year and a half that was his job up one point three million home but he's going to jail. 29. Minor dieters there there is now there's a risk of six felony charges yet to be willing to do time not not been our. Hey you've ever heard the saying there's no such thing as a free lunch since the awful I was taught that knows there's no such thing as a free swap. I'm here to dispute that saying because there is such a thing as a free lunch. Next Wednesday that is June 27. Chuck and I will be appearing at the crest view country club. In ankle Guam Massachusetts. We've got a great day in store for you to be able to come in and watch the show will be doing the show live from Agilent. From ten until noon then we'll provide you with that free lunch I was mentioning and and more importantly and most importantly we're gonna have. A financial discussion Jim Toledo from WHY and will be there going to be a great day. I sure hope you can join us we have a limited number of seats and eight of forty or fifty seats that are available. It's at the crested view country club. Ian Agilent do you have your pennant papal ready I'm gonna give you a phone number is the only way to get a ticket to this event. Is to make a whole free phone call he call my office it's 800. 393. 4001. Stole for 800. 3934001. In common have lunch with public watches to the shell right you're listening to a right now you can come and watch us at the country club. And then we'll provide you with a wonderful lunch and it compliments of the crest the country club. And then we'll share some ideas with you weren't talked you vote would our investment portfolios look like or have a discussion is relates to Social Security. While the discussion as it relates to the basic legal documents that you need to have in place it's a great event absolutely agree to that we only do these once every ninety days. And so this is your opportunity to join chuck Sodom Barry Armstrong Jim Toledo all of us at the crest view country club. Next Wednesday the phone number one last time to make your reservation. Is 800. 393. 4001. So BJ's. Filed for their initial public offering I see their headquarters is I drive out on route nine and to our west Borough. Yet they are going to be going through was their initial public offering looking to be out price somewhere in the ballpark from market cap of two billion dollars somewhere between 1517. Dollars per share they're gonna be offering 37 and a half million shares of the could raise about 637. Million dollars. As part of this IPO I know you've been skeptical of this kind of from the beginning saying with the used to be public will be exactly and in and they're in retail. Which is not a great combination these days and west's Google's. Figures out or apple figures out how to compete with him as it's just so. Easy it is to use and is so here's a question I wonder about actually. You got geared BJ's got Costco out there you've got you know all these companies where they do all of this you know wholesale scale wholesale size and you know selling to consumers. Why the heck is Amazon not doing. With the Arctic night now the size and scale that these guys you know like you go in so you you go into a Costco marriage and you can buy. You know aids is literally a 128 pack of toilet okay. You can't do that on Amazon you can't now even by like thirty Paxson you know talk via. Yeah go on and was and he can't find a 160 roles toil Peyton. And I wonder why is up all the space they they have all the delivery you know K maybe they're just getting into that. There they're gonna call prime bulk or something more guys. What I find amazing about him is on his. Think if you have if you need parts for old toilets or if he need parts for like I I had a door handle. In Anderson to war where the door the door and kept slipping off and needed a new set screw it and and Allen wrench yeah. I can buy that on Amazon I could you it Anderson has a specific Alan Branch just for their product I don't know if you guys knew this side go. And try to buy a regular Allen wrench GeMS to fix my door couldn't do it on a set screw it to fix it or couldn't do you go in as he can do. He try to buy a part for twenty year old toilet he can do it and Amos. You know the try to find twenty Hartford one year old toilet it loser will be. And like I'm looking for toilet paper right now on Amazon and that the biggest that I see it going up use you know 48. Now I'm pretty. But he like if I know what's but so like I can get you know pretty close that in a grocery store can get thirty Paxson groceries so backed his BJ's IPO. Do what it's going to be successful like as a publicly traded company and margins are thin margins are thin you know cost goes may Costco and BJ's or probably the two closest companies out there. Costco had somewhat of a mixed bag over the last two years that they didn't really strong prior to that seat normally if fight like a company. In their product I would buy their stock and I do like geez all buy liquor there by gasoline there if I haven't cook out on good BJ's to stock up. But I don't know that I would buy this stock and that's it that's where I'm I'm torn. It's tough to buy eve retail IPO today especially from a company that already was public wants him and couldn't cut it. And they make all their money on the membership. I don't know how much they could membership fees steep it for the price if big membership fee and be gazes over a hundred bucks. Yeah it's not to discount what is if they don't have the scaled it passcode Aziz on another pretty darn good have been in bookstores and on a mile to get an of the numbers to only between their their their fractious as the two or 3% the size costs yeah not yours your right there are there any manner off I'd be. They're gone public. Way do we know when news apparently it's gonna be the next week or two OK I I don't know idea it would buy pictures I've been decided yet. Coming up we will be joined by Linda a boom. Mush for a full buck from Morningstar to discuss a mutual fund grab a pencil paper mutual fund talk is next on the financial exchange. You work hard to make your money. This is the show that can teach you how to make your money can work through you it's the financial exchange with Barry Armstrong and jugs of on the financial exchange. Radio network. In an unpredictable stock market you should always be prepared for the future hi this is very Armstrong joined meat and chuck is not on Wednesday June 27 at the crest EU country club in ankle -- for special broadcast of the financial exchange followed by an educational lunch with the Armstrong advisory group will be talking about strategies to help you become a smarter investors seek and save more money will also talk about how to properly plan for your retirement and how to protect your assets from the high cost of nursing homes to reserve your spot please call 803934001. That's 803934001. Space is limited so call now enjoying the Armstrong advisory group and news radio 560 W eight try and on Wednesday June 27 at the crest view country club in had a 1803934001. That's 803934001. Securities offered to do is Eric incorporated members in SIPC advisory service is our securities America advisors incorporated Jerry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security deposits C deposit also automate many of the compliance headaches for landlords such as generating help disclosure forms and even send out annual interest payments directly to attendants just call the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them on line and -- deposit. Dot net member FDIC leader bank step ahead hi this is very Armstrong in I'm joined by estate planning attorney potluck ski from the law firm Cushing 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 passed away yeah and that's a wonderful thing about trust has so many people get tied up with taxes and probate and you know what. They to a lot after your dad. Never mind ray while you're living and 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 think of a financial problems don't wanna have people limited to just divorce although I can tell you divorces is one of them. Speaker concern more common people half again 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 and selling it Sandra but they appoint an independent trustee. Who decides when distributions can come out to the childhood identity and their siblings know they should be an accountant or an attorney and they can remove and replace hold 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 in looking for money when wanna get divorced and the estate. Many experts at Cushing and dole and have been helping families like yours for more than thirty years and they Britain a brand new guide called. Demystify. Ain't trusts call now for your free copy of this comprehensive guide though 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 the carries brigade blog until financial exchange or does come in sign up today. This segment of the financial exchanges brought to you in part by a leader bank it's not too late to get a great rate on home mortgage. And we Interbank guess some of the most competitive rates around so call 8776917900. Or visibly to bank dot com. For more information leading bank is an equal housing lender. Member FDI CNN analysts were 49. 250. It is now time for stock talk on a mutual fund Monday and we are joined by Linda Abu most were photo book from Morningstar and Linda thank you for joining us. Linda what wonder are we talking about today. That they'll be talking about Europe right you land the US thought cap growth equity. We recently upgraded at a party are on a practical. But it does play in our cap growth occurred. You know it is that the audit made of bottle and green and determined portfolio. Every bit but not great but better really. Backed by the strike teams now. But Barry and experience are buoyant managers if you're not and at Europe right with a member of their quantitative equity there pre teen years. But specifically had it we are buoyant manager at ever pack a day. The 2006. As you'd expect blade but that strategy period of financial crisis but it has performed well. They're all of those different environments. Using systematic approach. I think one thing that and that it really interesting about the strategy at the claim that aren't that your eyes and the quantitative model. Approach it tends to be up more trading which increases the transaction. You know investors but that aren't actually. That turnover has been consistently well below your efforts now. Then if you're not in the lead. It averaged about 20% of yours which have exceeded 90% on average. When the looking at a fund like this the small cap world is typically thought of as being more aggressive and more volatile than your larger mid caps is that the case with this fund is while. Yes I think you know about the news. A larger cap strategy it will be hired into aviation. Or kind of our ability but that the strategy but now that it appeared that and the not kept current universe. Aren't as consistently ranked lower rested at it is if actors now. One the portfolios very proud paid it back and about 300 Albany. Now more than 1% of that portfolio at that out if that means. On the back kind you know if I across the not opening and an all of the way to check their bottled. There's pretty proud bucket. Which they have actors. Not attract the top of that the but art is out instead. He evaluates and there but yet you know traditional kind of an offense Patrick but cash flows. And making sure that you know the name that have been earning but not out late accused especially you know lower cap gains. Another packet they're looking act and there are being kept out nation's. As the company's bank backpackers. Dividend of that nature. And I believe there at the opponent that out in the moment and but it is the part of the bottle. Again back and it spurred by. Turnover is really it has been quite low and that sort of they have been there at profiled by looking at companies that are consistently profitable have attractive cash. And are behaving in cheerful. Linda small cap funds are typically fairly expensive to get into. What's the case with expenses on the spawned. Yes I think that's actually another area that. Really attractive about. Actually. It has agreed chair but there are no load it. They all break areas actively. Against yours. The largest chaired in its effort 81 is the bit about that but not out. But that's at the very much active. On break point but that's also another at a contributing factor do the Sun Bowl rating. Very good Linda thank you for the time today. That is Linda Abu much prefer over firm Morningstar in the fall and is the T. Rowe Price UN US small cap. Fund ticker on that by the way. Is PRD. Aspects you know it's always tempting to just say largest by and he Tia. For that sector but in small cap I've heard it argued. That professional management actually peace for itself with small cap funds are if there's any. Study your validity to that statement that I talked to fill. Who over the weekend he said you know the disease he heard me talking about ETFs in recent you know sometimes Berry get it wrong like if you're. Talking about buying South America fine. But if you're buying small cap American companies and he made the argument that you need to professionally in his report domestically yet I don't know if it's true. David Dow down a 161. Points crude oil is trading up three cents a barrel not much at 6509. When we come back. What are we talking about. Why are more men not working that's next on the financial extra. 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 faster closing call lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender. And MLS number 449250. Subject to credit approval leader bank a step ahead. If you're close to retirement age and are interested in annuities to add to your portfolio Colby 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 all now 803934001. That's 803934001. Or download the guide right now what financial exchange showed dot com securities are protestors America incorporated member fundraiser 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 hi this is Todd let's -- in with the numerous types of -- available I've got a brand new guide college -- mystifying 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 -- answer these questions and more so called right now to request this free -- at 8668485699. That's 8668485699. You can also download it right now by logging on to 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 guide demystify -- 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 own line rent collection product called Z rent it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 781641869178164. It becomes a lot when people try to figure out what to do in retirement and like the first place start is totally different kinds of annuities are. There's a lot every week had a residents and four main buckets. Yet 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 an variable annuity and 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 that. 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 CDU's they won't see for instance a six month. Fixed annuity for your general. Definition yet fixed rate of return for a fixed period time Noah FDIC insurance. Folks we know that you have a lot of questions about annuities and that's what Armstrong advisory group is put together this great free guide titled the truth about annuities it doesn't cost anything to get it in only have to do is call our office directly at 800. 393. 4001. Or you can go over to our strong advisory dot com. In downloaded for free once again that number is 803934001. Securities offered through securities America incorporated membership recipe see an advisory services are hunter securities America advisors incorporated Barry Armstrong representative Armstrong advisory group 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 it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead hi this is very Armstrong and 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's 803934001. Where you can download the guide right now at Armstrong advisory dot com. Securities are protestors American corporate membership -- -- advisory services are protestors American by just 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 time for bank the pays you with -- -- -- accounts can 1% cash back with debit purchases and an extra 10% back when you use your -- and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917. To 900 or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass prison until late -- may reduce earnings -- subject to change without -- member FTSE -- bank. A step ahead hi this is very Armstrong and if -- -- landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance -- call the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them on line and -- deposit dot net member FDIC leader bank a step ahead. 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 stadium. For him to end 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. The labor participation. Rate among men 25 to fifty war. Has never bid to slow in the history of our country to talk about why. Then you remember the movie crazy ex girlfriend. Now though the movie. Well easy. We we have part two I know what you did last summer we we apart too crazy ex girlfriend. And then. Why the United States needs to invest tens of billions or hundreds of billions of dollars to plate he'll be epidemic hi everybody it's very sharp with you here. It is a Monday morning and we've talked is a lot of theories as to why labor participation rates among men 25 to 54 are so low word talk about them. But here's the stat. In 1950. Only 4%. Of prime aged men were not were working or looking for work the right after World War II. 4%. Of the male workforce. Was just saying. I'm not going to work. Today it's 11%. Of men 25. To 54 were saying. I'm not in go to work. Yet it's it's. A real problem it's part of the reason why we have such trouble by businesses have so much trouble today trying to find. Capable in in in really good worker yelled to fill open jobs to put this number in perspective right now. The number of people that are age 25 to 54 bunker at a 102 million people. 202 million sets about almost a third of our population so I'm going to assume. In a note dangerous but there's probably around 51 million men in that group that might be fifty might be 52 if one's a pretty good bet it's it's somewhere in that ballpark. And ten and 11% of Amare work. Now we know that we're never gonna get all those people. But the question I think is that I only go from eleven cents down to somewhere in the five to six ranged I don't think we're going back to form but let me give you think about 1950. That was after. The World War II right and yet a lot of vets came back it would severely damage straight to the big east and deceive. And and even they are coming back from the Korean War. I'd do and we got him from Iraq and Afghanistan that are in the same situation on the same number two TV about the number of action we still a lot like it again it it. You're never gonna get to zero. Do you like you we've never seen 0% unemployment you appreciate it is it's not healthy to be okay that he. So may be. 11% in time slowly it is but let's let's get out millions of people so let's figure out where we can get to because I think that five to six range is decent number and by 6% yes and no right now. 11% to 51 million so you're talking we're. Approaching six million men I think you've got two and a half to three million men that are out of the workforce today that normally wouldn't be okay. And helpless on the question is why I think you're you're gonna have more men that are working today number one their more people that are pursuing advanced degrees so that does. You shake your head but it has an idea because 25. I carry you dying your veins that carry a gunman business school they usually don't take you in until 227. Med school usually you're going until your late twenties law school usually go mentally lately. This this a setup that parents now. Number two you do see some men that are in a situation where what's the breadwinner in their raising their kids now yeah which I have I have all back I fifties I've seen that in our community. But any start to get towards the kind of the positive things resume case some would still contributing in a positive way they're just not working today. Then you start to look at the negative things. OBO it epidemic is number one and that I think is a huge contributor here. In terms of why you have these people out of the workflow and we've learned actually that leads into our one of our stories is about two million people on better drug addicts right. And you figure half of them are men. You bet that explains like 40% of the problem right there you know we do wooded we have for drug addiction back in the fifties probably know when you're right. I I don't know because I. I haven't pulled up and I haven't seen any data there but I mean you do you really have open was the same what we do not prescription no buicks at all back. Yet alcohol. You know you can get you can have had a lot of alcoholics back at you and that those like common part of like most offices back then down notes that you walked in and located steal liquor right on the shelf in the office or walking in to. So. I think BOB or an epidemic is a huge part of why you have a lot of people out of work today. And so that Princeton study reflect. Yep there's you've had in different studies show different pieces and I think they all kind of and a painting a picture where they hope you words are a big part of it. Additional schooling and education to big part of it. You know there's all that different factors. Here's a theory out there and I I subscribe to it. That our social welfare net is much wider today than it was in 1950 you have much more availability of things like. Food stamps welfare. Rent subsidies utility subsidies. Free phones and news you look at the the bill the welfare program today. In the amount of funds available disability insurance they elected number of people on disability Social Security disability today chuck. Come as a percentage of our population compared to 1950 has the welfare net contributed to. This for a while and in what you've seen actually is in a number of southern states in particular. As states have tried to get people off of via traditional. You know welfare rolls food stamps and things like that. They pushed them over to disability. And so what you see. Is in a lot of these southern states there's significantly higher rates of disability and there were previously. I don't know if it's in only there's a lot of contributing factors that the stats don't why hold a news. Put this in your hat and think about it. 11%. Of our men across the country are not working today used to be 4% chuck thanks for percents to low I'm not sure it is. But I 11% I do that's more than one out of every ten death it's better better you're a job I'm actually beyond that 54 category. Am I think in the fifty year old man who assure independently wealthy. Right you should work well it depends what job you've come to mean if you were a police officer if you worry you know in the military for 25 years and I can be worked in any way you know you altered your use you've that's what I mean your financially independent -- yeah you're thirty years yeah right. That's one thing. It most to you what most of the guys that I know that are retired cops and firefighters at 58. There were in their notes well and and also we do see that the number of people that are working past age 65 and seventy continues to go up actually. I just day idol. So be grateful that you didn't beat this girl. This fellow Eric Abramowitz. Was studying saw this over the weekend it's so bad this night talk a crazy ex girlfriend. Now I mean she literally and a crazy ex girlfriend that personal are all not yet not even crazy just like that awful terrible human beings this kid. Gave evidently quite a musician. Right he's studying at the deal which by the way the deal news. The equivalent of an Ivy League school in the United States here's a few schools in Canada there and equate to that double and the deal is one of the great school. He applies. For a scholarship to the conservatory in Los Angeles USC. With one of the best. People for his instrument in the war and USC we don't know USC because right here in the northeast at USC and in the western part of the country. Is an leaked what universe and. In for anything performing arts it is as good as the it's a great school. But but like what I'm saying is for relate this type spell or anything like arts based these are like when the top two or three schools in the country races this kid applies. He's green. This golf in by the way there's only two of these scholarships given out every year Bly who loses he's a flutist and in clarinet and the power player now and he in in earlier this was to train under someone by the name of Yehuda Gil law and who is one of the best clarinet teachers in the world. There's two of these spots given out each year he got one of his story rent to a neighbor to limit at the deal in the city you're in Murray and his girlfriend. Effectively. Faked an email from the professor well first he deleted pretty hip person doing the acceptance email that to them and then. Create an email from the professor. Saying that he was rejected and I have a question. Why I was in emailed a letter or did she get that apparently it all goes electronically now. And Ahmad and she missed a product on I don't know to what people frame acceptance letter you know I'm just saying crazy ex she does I think he destroyed all the crap they came in right and yet know all the evidence is gone. And so pretty much he stayed at McGill yeah. Finished his degree wondered how he found out I don't know how he found out four years ago in September 14 two this was after his relationship with this woman and ended. Suited her just one in Canadian court for 350000. Dollars. It is Eric Perrin to USC now know my first question is is she gonna be able to pay in the 350 pounds probably probably now. But it doesn't sound like he's going to USC now it sounds like he's kind of done with that phase of his life stacks but it's you I mean. This is beyond not so we like this is it in the girlfriend just did this discussion and want him to leave and go to cal. Fortunately no real world has ever found to be a that's you've got nothing at hockey scholarship very I was never at risk in the so yeah I've never had this threat you know. I used such high demand that everyone wants to keep you know who can block. Does roundup. Cause cancer I don't know the answer to that but we're about to find out we'll talk about roundup and the cause of cancer when we return to the financial. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio that. Work in an unpredictable stock market you should always be prepared for the future hi this is very Armstrong join me and chuck is not on Wednesday June 27 at the crest EU country club in ankle -- for special broadcast of the financial exchange followed by an educational lunch with the Armstrong advisory group will be talking about strategies to help you become a smarter investors seek and save more money will also talk about how to properly plan for your retirement and how to protect your assets from the high cost of nursing homes to reserve your spot please call 803934001. That's 803934001. Space is limited so call now and join the Armstrong advisory group and news radio 560 W eight try and on Wednesday June 27 at the crest view country club in -- 1803934001. That's 803934001. Security's efforts to his American corporate members in as the PC advisory services are with the securities America advisors incorporated Jerry Armstrong representative Armstrong advisory group the securities and are two companies are unaffiliated. 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 -- -- it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology 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 7816418691716418691. 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 on the 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 he had 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. Or you can download the guide right now at Armstrong advisory dot com. Securities are protester is American corporate benefit Ressa PC advisory services are protestors American by just 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. Hi this is very are trunk and if your 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 we streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating count disclosure forms and even send out annual interest payments directly to attendance this call the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C 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. Talk via favorite spot for you or New England clam chowder site. Yeah I get a couple here there yeah sure I'll tell you what we're yours you wanna try. A bold claim to that is them firm that Arnold's. An item it. The trip can make or what do you have at a table with time. They do that it's like the every weekend. And went down cape ink Europe have a Clijsters who healing bunch of people yes I had a big motor may. I'm just saying oh yeah stumble any own album damn aligning all men moved him and it try Arnold's billing plan to just a suggestion. After last week's ruling by a federal judge to permit it's time for trivial way 63566. Arnold is the sponsor trios posts. After last week's ruling by a federal judge to permit the proposed merger between AT&T and Time Warner to commence. Other major companies announced plans to proceed with mergers of their old. The most significant company was Comcast. Which moved forward with a bid to perk or several units of 21 century fox will be asking trivia questions about those two companies. Our trivia question today is who founded 21 century fox I can tell you. He is going to be a very wealthy man he's already very wealthy and he's going to be a much wealthier and when Howland giving its gonna take for him to be. Consummate this new well. Now six months. Into the year the bidding war ample parts of bidding war contest ranked Bob Iger they'll go when you know he. Cut eight Iger has by the way five days to so the end of the week. Five days that he wants fox asked to notify. Disney they've received this a superior offer up and then Bob Iger has five days to decide whether he won he did any of the beat the heat just test the match. You're of the opinion he doesn't normally match he doesn't doesn't historical Tim does anyway. Our poll question is are our trivia question is who is the founder of 21 century fox. If you know the answer that question text it to us or text number is 6356663. 566. If you have not texted us before. Put my first name buried B a RRY. At the beginning of your text and what number do you think we should go Tucker you would number ten as CEO nine. We've and then nine before we'll notes it's eight were because I'm on policy equals nine and lawless wants to know he has a mix sex number six narratives number six. To the correct answer number six will win the fifty dollar gift certificate to Arnold's. So if I tell you what if roundup causes cancer. I'd say they've pretty good chance and then again. Don't use a lot yeah yeah on the ground. I don't use the stuff you just decide for the body ready weeks. You pull pick. Fingers picked picked will factor and a and you'll fashion they sometimes old fashioned is the best you know. Big there's a lawsuit that is bunching going on the 800 or think about Barry it's a chemical that kills life. Yeah literally it's a living thing and it tells. What is designed to do get it and it can't be good for you all put it that way it like I hurry cancer is no. Every group that's looked at it has slightly different opinions on the World Health Organization. Says that it is probably carcinogenic to humans. They say there is limited and evidence of carcinogenic to humans so. With anything whenever you talk to scientists. That's about as strong as you can get without saying so Agassi is still use it when you do use it to Wear long sleeves gloves and globes. I'd even go as far as and on a mask even just in case you haven't won a boaters gap is close yeah it's just three say effect I don't do any of that. I will use this kinda stuff but there are 800 up patients that are suing Monsanto claiming that this gave them cancer one of them. This man by the name of Dwayne Johnson not the rock by the La Iraq but not the Broncos are. Not the rock Dwayne Johnson another Dwayne Johnson. Is suing them he's a former school grounds keeper who was using this stuff all the time obviously. In that role. He's a father of two from California saying that he was using it twenty to thirty times a year working as a past manager for the county school system and trying to use it. Doesn't time. The total in her life per year for him I used yesterday. You know the weeds right here to protect yourself rocked in your walkway they're absolutely sure cause any problems there night he'll he'll. The gives kind of rustic and but yes he's going to be the first person to go to trial because. He's actually near death at this point from from non hodgkin's and first of 800 losses yeah. And so. In California dying plaintiffs are granted expedited trials it's easy to be the first one going through it and there's a whole bunch of these and all kinds of other courts obviously you mentioned 800 of them this is this enough to move the stock Monsanto outs and astute. It really depends on what ends up coming out of this you know just because again we haven't seen any of these actually go full cycle at this point two if this turns into something similar to be of the tobacco settlements and things like that 56 billion dollar companies Monsanto if if it turns into something like the tobacco settlement and absolutely could write if it's well this one you know is a yes in this is in no lake. No one's quite sure how this is all going to play out at this point. Audi CEO Rupert Stadler. Has been arrested in Germany chuck as part of an investigation into emissions cheating I'll tell you what. Nothing against German aid and we've all gotten German friends and and guys wouldn't school with that from Germany. But with these German auto companies have been doing is nothing short of criminal and Germany's government. Has been. Very accommodating to the German auto maker. But so the Audi CEO Rupert Stadler. Was arrested largely on the back of the investigation into the emissions cheating that. Think that was two years ago or three when that started I can't VW now. I haven't been three years ago now says but it might have been. But this was just after Germany put in a one billion Euro fine on Volkswagen for reading these emotions. Test and you know they've been find tens of billions of dollars now north of thirty billion by the way and recalls penalties and settlements that they've paid out of but you continue to see indictments coming. As a result of that scandal. So Medicare we we talked a vote Medicare frequently how it's going broke. And what a lot of you don't know Tucker you probably don't know this. When you turn 65 years you go on Medicare be dropped your health insurance through your employer needs to be in usually you're retired at 65. He won Medicare and what do they charge a 120 bucks a month that a 135. You think OK I made an aide to the finish line it's a 135 bucks a month coming out of my Social Security check. What people don't realize is that you'd then typically are gonna buy a Medigap. Policy to cover all the items that are not covered by Medicare. Yet also known as a supplemental plan something along those lines and that cost does vary significantly based on the states that we took a look at the pay in New England. You know where they rank. Maines the cheapest McCain mean it's about 15100 bucks a year 15100 so let's do that map that's like 12530. Bucks a month in that ballpark yet be enough Vermont it's about a hundred it's about 16100 bucks a year now so goes up you know little bit from there. New Hampshire is about 17100. Rhode Island about eighteen under and then. Vermont about 1815 and the most expensive in state in the country by the way for Medigap policies. Massachusetts about 19100 dollars a year on average so that 2000 Boxee about a 160. Bucks a month. That's a lot of money hate coming up we'll have the answer to our trivia question and whoever the winner is. Or take a look I guess incredible team did pretty well over the week. The financial exchanges of live on FaceBook so make sure to like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. State NASA 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 Collins demystify 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 two 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 called right now to request this free guide at 8668485699. That's 8668485699. You can also download it right now by logging onto legal exchange showed 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 like you 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 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. Duties are protester is American corporate membership Ressa PC 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 blocks incur a 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 you capable. Qualified work I talked easy coming in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care viewer 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. 862. 119781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Mass master license number 10. 183 again the number is 781. 862119. No folks is chuck and Mike from the financial exchange we're talking this month about and do what he's 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 and it would. Correct I mean if you think about a traditional investment let's say you go out and you biased 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 there you have the ability at these writers either income benefits or death benefits on annuity. They 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 can 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 tax 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 Armstrong 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 Barry in charge the financial exchanges alive every day on FaceBook and YouTube and this is the financial exchange radio network. The 21 century Fox Network is the result of splitting entertainment and media properties from News Corp. Which Rupert Murdoch founded in year 1979. That's a long time. The winner on this question was Troy from south Dennison Troy is taking home a fifty dollar gift certificate. To Arnold's lobster and clam bar on US route sixty east ham Massachusetts their leads Jeff Susie has won the Cape Cod stopped clamp contest for the third year in a row to get down to Arnold's and check out all the great food for yourself call 50 wait 2552575. Or visit them on line. At Arnold's restaurant dot com for more information. So Incredibles two makes a 180 million bucks over the weekend monster. Monster weekend this is the cartoon. Yes you are an animated movie and a 180 million dollars. Is just an absolutely massive open for this Disney. Pixar Syria mean effectively everything's Disney. Says it's aids aids again this is why Disney has the most valuable studios out there but they just absolutely not this one. Ultimately it's that this is just a huge open for them on this. To to do this kind of number here we don't have bugs on the film my guess its somewhere in the ballpark a couple hundred million dollars though. Non in the agency and currently you know what you have to pay talent. Oh yes you do created a big voice and I personally do Gloria hit that they've they've gets a bit I mean they got Holly Hunter Samuel Jackson. Gruesome act Craig Greg Nelson cardinals try to payments much. Sure that they're bringing home a lot of money do the voice acting work now. I mean this is good work if you can find it even after being your pajamas. Is that this is a a big number here and put this in perspective the first incredible movie. Did 261 million dollars overall seventy million dollar openings this is a huge open for them will this do well overseas. Probably do well not greed I get the sense yeah I'm overseas audiences typically don't go quite as strongly towards the the animated flicks from my Disney but it'll still did well. And now across the board that Pixar movies always make atomic cash for Disney sell and there is really well received two near misses in 94% rotten to magazine 9% and ratings so far. Depth as it's a huge moneymaker for the this is I was gonna go to the movies today is nothing to see I don't cirrus are on sale would like it's on a goofy. It's it's got a 94% rotten tomatoes actually document life access antics are always has. Some mix of adult humor mixed because they know the parents are taken tickets. And I love all disarmament is the in the kid's got talent definitely the situations you go back and watch some of these movies afterwards and nearly have they put that in the ya and fell victim I don't know if either of you ever saw. The good dinosaur now it's another Pixar movie and there's one whole scene with a ticket want to mushrooms again high at the it's like ten minutes but like if you're can't use that polling day mushrooms and they were whereas you don't elect they put that a movie for kids tonight. I Garcia. The dinosaurs this will be out there yeah our legacy incredible story of. Every she put the kibosh on Sunday. At Cilic at the jeweler and he turned Tucker. She who must be obeyed but from members of how this woman saved 40000 dollars in one year and lives rent free in New York City thanks to a dog walking app called rover took the dog walking Apple's called way WEG as a tune out their older rovers the toughest one to apply to they've got like a waiting list to get. Jobs dog walker can no. They reject like 95% of people who applied one. Because they've they've they say that they are going to be the best dog walking service but you'll ever have was not just dog walking she's also doing health sitting. How does that enter pro am and that's through rovers well yes and this is a a woman and I think this is genius what she's doing so she lives in New York City. And pretty much what she does is she walks dogs during the day and then looks for help sitting opportunities. In order to find a place to stay nights or she doesn't maintain an apartment in the city. Pre could spend three or 4000 dollars a month easily. Instead what she does usually about fifteen to twenty days a month she's able to find a place that she's able to how's it. And then the other ten to fifteen days either she finds cheap hotel room or goes in stays with family or friends you could do this in a lot of big cities like him or why couldn't you do something like this in Boston or San Francisco Miami so in a lot of cities Boston particular hotel costs so high you know you couldn't pull this off. Well if you had family if she can go to state in depth and we but she does like hotel rooms like ten to twelve nights out of a month now and she's like oh like get a hundred dollar room in the city in New York in some cases and new box you can get in Bosnia Boston as the highest average hotel prices in the country she also has storage unit. Where she keeps all personal stuff. I think this is genius because instead of paying 4000 dollars a month for rent she says look it's been about a thousand bucks a month when it's also and on and you lost sight she walks dogs I I think this is genius like this is. This is trying to this is her BO. Figuring out what she wants and let him go right after so what do the two apps that Wang WAG. Rate you'd download that on your phone rovers the big one rover. Rover so those are the two rover by the way just raised a 155. Million dollars of venture capital fund. Thrilled that through company like that they've got a 140000. Pet sitters. 140000. Folks good news we are doing another live event for the financial exchange and it's coming up. Next week on the 27 of June which is Wednesday by the way because when I did it in the first hour. I just yelled at by the staff we didn't tell what day it is to get their own guys next Wednesday. June 27. And it's a free lunch it's it's free lunch and beyond that it's it's a free show too eager to come and watch just for a couple hours there to crest view country club and as a wide Massachusetts very good golf club and its on again Wednesday June 27 there. And what we're gonna do is gonna do a broadcast of the financial exchange and then afterwards we've got an educational launch with the Armstrong advisory group what are we gonna be talking about then. We've got some strategies to help you become a smarter investor we're gonna show you how to properly plan for retirement are also going to be talking a little bit up protecting assets from the high cost of nursing home use that's important that. Part of the presentation because imagine you work hard right it's he worked hard all your life can you worked for the Hartford at travelers somebody like that. And then all of a sudden you have the misfortune of getting sick or your spouse gets in your news into an arsenal. And so space is limited at this event so all you have to do to get it is call 803934001. In order to or to reserve your spot. Again that number is 800. 393 and 4001. Once again it is Wednesday June 27 at crest you country called an act want to see him come and watch the show at ten Expos right yet you don't want Oreo could you or you just come for the lunch exactly and again space is limited so call right now 800. 3934001. So would you guys here your father for Father's Day. We run out for a round of golf and then I'd got him the school panic rules oysters it's critically cool throw around the pants cast iron. And now a growth some oysters and but he grew when he shot at it literally looks like a cast iron pan down in his shut them so Zakaria what you do like S cargo and I guess yeah I've never had as cargo but yeah it does shut down a little Denton it's not like that. Yes the shape of oysters you put him on the catcher editor of the daily so Scola is up to grow those up yes. It was just cities and make shocking the Meester easier. Bell has nothing to do shocking you have to learn how to sharpen your own you don't on shock and amended checker I pay people. I've cut myself multiple ISI that myself I guess I of people. You know what I was when whose DNA testing its 23 in me. I did and then I sold my daughter gave it to where he's from Ireland and the testimony is now. I'm actually curious to get it means that you like for you steal your DNA before that's true that would've been a cool get it done it without you knowing now. Bethea a bad period a check this out. Did you will be cured or region. And it. I got what it but it apparently there are some risks associated with these genetic. Testing companies yes some of these I think are legitimate some of them I think you're somewhat overblown when that is legitimate is the risk of this information being hacked and potentially. You know information about your medical history and so forth ending up. In the hands of people who don't want I can see that it's that good of a bill is like. We're probably don't know that got cancer or sick or. One of this they can pull like it. I mean again they're gonna have access to all your genetics in Italy you're sending in your DNA so they don't have my medical records they just have known they'd be able to tell OK you have you know they could potentially tell what happens on the force are. Such a risk I'm not too worked so one risk is that a lot of these companies do have the option if you opt in to that they may sell your DNA to research institutions and we're doing research on you Seville make money off that but you won't necessarily make anything that. You know maybe you'll want you DNA ending up with third parties handsome. Oh that's a huge deal that month. This one is interest in laws covering Jeanette genetic privacy or not broad enough and this point. And so this is near or somewhat true in that we don't really have any laws that govern how people can exchange this right. This this one I think is somewhat of a joke for most folks law enforcement knows these companies have you DNA and they might want to they're asking for. This is actually they've caught people am using this believe it or not who have committed murders years before actually in the one out in California to one account what was the name of that person. It was a bad it was something she trying to something killers something strangler and they didn't catch him cut his brother but it was so similar that they knew that that was someone related had to be related yeah. So so if you're if you're murder don't do it don't get one for your brought. Right you'd think that's common sense like if you're in that business you just don't you know get your DNA tested. But while this he didn't get his DNA tested his brother no but just in general you know it's. I don't know I mean it's like for most people that's kind of a non factor silly that doesn't scare me in any way shape or form. Hey can I wondered like these think about all the blood tests we've. Over the years is that at the same as the Indian test I don't know who thought my paper it. Up next will be joined by Tim Stevens from the CNET road show or be reviewing a vehicle called the jaguar. I pace not sure what it's all about I believe it's an electric car that is next on the financial exchange. Barry and sure. -- justice is the financial exchange radio network hi this is Barry Armstrong and -- you I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- -- 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 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. It is a protester is American corporate members in Ressa PC advisory services are protestors American budgets incorporated Barry Armstrong represented a drug advisory group the security circuit companies are unaffiliated guarantees of immigrants 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 rant collection product called zebra and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them McCall does he ran team at 7816418691. That 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 NC were to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691716418691. 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 -- 8668485699. That's 8668485699. You can also download it right now by logging -- to 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 guide demystify -- at 8668485699. Or get it right now it legal exchange -- dot com. 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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. Security suffered two securities America team members finreg SIPC. 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 very to 6356. X to send your first and last name and get involved today you're listening to the financial exchange radio network. This segment of the financial exchanges brought to you in part by easy pumping your one stop shop for all your plumbing and heating needs they specialize in repairing your faulty equipment not in replacing it. So call easy call me today at 781 of 862. 1190. That 781862. 1190. Or visit them online easy plumbing MA dot com. Easy plumbing we can fix it Massa master license number 10183. Joining us on the line now is Tim Stephens from CNET roadster he would talk about the jaguar I'd pace and Tim thank you for joining us. Tim what's with carmakers deciding that whenever they make an electric vehicle at the name weirdly. Earlier this team but it does that suit that within jaguars existing nomenclature they've got the FIA and a couple of because like that. And I is going to be a new designation for electric car is going forward in peace is kind of they're actually deeper and that's that's what and incomes. So what exactly is this vehicle who's a targeting. Obviously targeting people who want a review luxury crossover suvs and you know what a big full size we grow it QB but something that's got some off road capability that got all wheel drive. The orbit or the net today and that still has good looks and still drivable car. People with the urban disposable income you were talking about north to start so this is not exactly a horrible car. Potential. How many seats are we talking in this is there's a five seater seven. I did the five seater with a pretty good sized trunk as well in the title from upfront as well but got the police. Hitting 45 comfortably. So what stands out to about discard begin what's. Well at all. Electric and Jack were first all electric car so that mean to drive really nicely at about 400 horse power and you've driven EV before you know all that power available all the time is now shipping. Others no lag put your foot down in particular really strong which is great. But it also has really nice refinement to that something that has blood doesn't always deliver in his EV. Really nice guy really comparable gradient or your overall which are really nicely packaged he'd be as well. How many miles gonna go and charged him. You looking at 240 miles per charge maximum and it does support quick charging get an 80% charge in about forty minutes. Tim historically British cars had notoriously unreliable. Electrical systems it is. Is there something different now at this point that allows you to feel comfortable with an all electric British car. Today typically a bit of anything I didn't think it. Taking the you know that the cliche of a British cars not having great electric document to the entire car died a horrible record the companies but then you know via estimated to better your Tesla doesn't exactly have a great record when it comes relied will be either don't. If everything got a bit of a strike her help forge our board that regard but I think there will be some people have concerns a lot of land growers have issue as well as much on. But it may be cause for. Tim where they get the batteries and make it themselves and Bynum from Panasonic Samsung has Macon. Other evidence to disclose their ballot partners that I'm not sure of but the car itself is being made by product of Magnus tired in Austria so that's being built for the minutes were quite a few other crossovers musical. It's less expensive than the model last right. Right start about 101000 north cheaper than a mile axe actually would probably the closest comparison but my Alexa and answerable to much much bigger cars. Ben Ben BIA so it's a little bit hard compared to achieve but this is more affordable than the actually export comparable amount of range. And before. Tim what do you inside when these are pretty much on par with everything else that Jack or does as far as interior quality build out fit and finish and things like that. Yes definitely this is. As a very luxurious very comfortable place to be the CI have a nice blend of support for sporting driving but they're also still very comfortable along highway cruise's. But the nice sound system overall really great contention again that's certainly a step above coursing from current as. When is this going to be on the market or is already on the market. I don't real soon actually should be dealership is probably late August early September so not too far off here in the US so we should be seeing them on roads and probably by the in this summer schools jaguars. I just worked on by taco in the part of a larger Indian investment and also brought together Land Rover into the fold as well we've been seeing a lot of great things Land Rover and Range Rover says that acquisition for. They've really been allowed Castro the league do great things that have to worry about money anymore which is by the distributed. Surrogate Tim thank you for the time I hear. And Stephens from CNET roach who by the way have some updated sales figures for electric vehicles for this year's Oregon. So so far this year. In the United States there have been 99500. 199000. Sued just shy of 200000 the big difference is the ramp up in the Tesla model three that is now the best selling electric vehicle in the United States they've sold 181000 of those so far this year. Tesla does have three of the top four spots the only one is not a tussle in that range. Is Toyota Prius crime which is the plug in with a longer battery. The Chevy bolt is number five they've done about 7000 of those the Chevy Volt is number six in the Nissan leaf is number seven. Leaf has fallen off. What that the people the big thing that massacre let's not as unintelligible. I believe they're actually starting to pick up that a a pretty much a slowdown in the first couple months as they transition to the new model. But the problem is the they're battery if you viable for the same money. And they'll go 240 miles like Ian about the they're actually selling more leafs then bolts in the last couple months now Erik yeah it's it's getting that way in the apple needs a charge. I'm fine with it. As that. That is pretty bad that tonight Paula I've had more to Leo I was rubio the buy a used bull or used leaf. For half price within 24 months one soul. You think is the battery degradation just people people. You know the BD appreciate very rack does not rate primetime still light my Chevy Volt as much as I love that car. The depreciation in the East Europe indeed internally it now. The Dow down a hundred. 53 points NASDAQ is off twelve. Story oil united I was a little bit worried about oil but it's up twelve cents a barrel at 6518. In the S&P is down ten points. When thank you all for tuning into the financial exchange its chuck is not a very Armstrong talker so the signing off for today but will be back tomorrow with another edition.