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Full Show 6-21-18

Jun 21, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Yet another corporate CEO bites the dust. Due to an improper relationship with one of his employees we'll talk about it. We'll also talk about oil big meetings going on Indiana. And OPEC generally it looks like they're gonna increase production go to the company's gonna play ball we'll talk about that and then finally. Rising interest rates there upon us we've had a number Federal Reserve rate hikes. Is that good or bad for you we're gonna wanna know the answer to that hi everybody it's buried truck with you here it's a Thursday. And Brian percentage the CEO for Intel. Has stepped down made a really think he was fired after an investigation as it relates to a relationship. That he had with one of his subordinates. Yeah and it does appear that this was a consensual relationship that's what eight were being out told by EST NBC whose reporting that. But Intel did have a policy. That's a quote that managers cannot have relationships with people who either report to them directly or indirectly and if you're the CEO. Everyone report viewer directly I so do you know at some people might look at this Zale life like can't you just do it why why don't they allowed this in that. And elegance they look at it going to be CEO of the biggest. Chip maker in the world. There's something you have to give up if you decide you want to play Major League Baseball you can't say well I wanna take a month off to go to my beach house on the cape effort. Nobody hears it went in and I'm not surprising. With mr. percentage but I do want to. Explain how something like this can happen in these guys these the CEOs whether you're talking about percentage. Would you talked about Steve Jobs in the all lease these high powered CEO Jeff Bezos. These guys were all we do is work there it's not like they go to the beach house on Saturday or Sunday there in the office or they're working from their home. Dear entire. Universe. Is people that they work with so I could see how he could fall in love with somebody. And end up in their relationship because my guesses use one of those guys that worked. If if he was conscious and not sleeping you'd probably only in and look at an early bid as CEO I get this as well. But it's it's something where you have to make choices you know it's the EE UK they understand and he made an and he made that choice ordered on the board right. You know. You'd get an incident like this. Was there more to the story did the boards use this as a reason to get him out the incas used to heck of job. Which is why I think this probably is likely the story emulate it you now why why else would you get rid of him. I don't know how I don't know but I also look at and see you know. And part of me says where's the harm today you know like it's it's the it's the policy in the boards. Are taking at as a result of this meat to act action. The ports are not necessary it's. And I think there are there they'd rather err on the side of caution at this point. Then simply go down a road that you know potentially gets uglier so I think they're kind of sit near saying look. You know even though this was consensual according to while what what's been released to this means. Is something where they say look this against company policy and and we have to make sure that we're being can. System on this hundreds of thousands of workers around the globe have lost their jobs in the energy sector since 2014 we reported on this. Years ago where it was 3400000. Jobs globally that had been lost when I didn't know was that capital spending. In by oil companies had declined by 40%. Since 2014 or is think about that capital expenditures. In oil exploration we saw this we didn't know what the dollar as we news like trillions of dollars but do we we never knew that it was a 40% number. So you've you've taken 40%. Out of spending you've taken out hundreds of thousands of jobs and now OPEC is saying. Yeah we're ready to increase production the big question shocked use if from the CEO of ExxonMobil from the CEO BP Chevron Bolero. Twice a packed into rice today. T I kind of like eighty bucks a barrel and I'm not you'd OPEC can say we're gonna open it up for more oil be idiot the company east play ball. We'll keep money you don't need ExxonMobil to play ball in Saudi Arabia. You don't even to play ball in Iran they need to play ball and Rasheed you have companies in all of those countries that can say at where we're gonna do whatever we want. But don't they use a lot of their technology you know and a lot like when you look at what you talked about pipelines rate you're talking about pumps technology. Sales systems warehousing. Storage facilities. These big corporations tie up why. They do use a lot of them but I just think the unique. You're just because Saudi Arabia says oh yeah we're gonna increase production. They need these corporations to play on amateur there. What I don't think they do need him to it as badly as you think you know if Saudi Arabia says look we want to pump an extra million barrels day in between with you know between OPEC which is what they came out and said this morning they said look we're targeting an extra million barrels day oil realistically they can probably get you know 60800000. They don't need ExxonMobil to dig and drill wells you know they they they have their own companies that. Did do that you know and and even if ExxonMobil says no my ExxonMobil is in the company that drills most of the wells you know when ExxonMobil says hey we've got deposit. All of a sudden in comes income song versioning comes Transocean those the companies that are doing a lot of the work along side. The Exxon engineers and so forth that I can have trouble getting those companies is muted note its own version is gonna turn down a contract and it did Guillen did did an actor turned down a contractor for drilling. Exxon might say look we thought. You know turn it down but they're gonna Jack up the price. And why. Because they can use the demand the demand is there kind of like you when when you soldier Condo and right you sold for the highest price she could get. Now slumber Jay they've laid off a lot of their workers they're going to be in a situation where they're gonna say yeah we used to be able to do the project for. You know fifty dollars a barrel or whatever that. The denomination as they become an NC a few wants to do the project will do that it's going to be considerably higher yeah I don't know what the what the cost structure looks like as far as you know there's oilfield service we know you do that is a shareholder with it if you're a large shareholders these energy companies are you know holder feet to fire I would. Why make more market. Would that Bennett. 67. Noble we sell the cost come down under when wind oil prices came down. We saw these companies got give that they get the namely no hurry and all of a sudden oh yeah we are quoting in ninety dollars a barrel they're now we can do it for sake. If it's not all of a sudden gonna go back up you know seventy dollars a barrel breakeven it's going to be memo this what it is now we figured out better. In cheaper ways to do this I'll be curious to see what happens they eggs are really the you know everybody's thinking oh we're gonna see oil settle in this sixty dollar range and because that's the the supposedly the perfect price for it. In you never get perfect for snow you don't eat you'd never get witty with what you would like as a relates to energy prices. Rising rates have given retirees good news and bad news and lecturer at the bad news is for retiree because most retirees I would think our. Not utilizing adjustable rate mortgages they're probably not. Borrowing money to buy cars. But they are. Putting money in bank CDs I I I would think that if Palmer retired I'm 75 year old retiree. I would think I kind of like these higher rates and our fact I saw some kind of an account and FTSE count this morning paid 2.3 percent. Yep you're looking at the way the most retirees operate as you said. There are a lot of people in their in their seventies say gee I really wanna get into adjustable rate mortgage right now it's it's more a case where you're more likely to have money sitting in cash or CDs as you mentioned. The one place that it could hurt retirees. Depending on how their position overall is if retirees have been heavier in the stock market moves higher interest rates in the short term can be eight downward. Factor there and a lot of retirees. Five years ago six years ago ten years ago. Say do you know what I can't make anything in the bank anymore I don't wanna buy stocks but I'm going to because I need some kind of return. Yeah I believe they are made a lot of money and it's not something where higher interest rates permanently pushed down stock prices because you know get the economy slows the fences OK you know we're not seeing the returns we need to we need to generate more economic activity. And that tends to push the market back up that's who we sought after 2008 and 2009. But it is something more in the short term. You know you can have a year like this words say you know the Dow's off in a dozen negative territory for the year and were closing in on July 1 it's it's been awhile since we've seen a negative first half in in the stock what do what percentage of retirees even known stocks. And see you don't it's hard to hard to get. An accurate number on something that I just. I I think at upbeat we have a poll question this effect today which is due rising interest rates help you wore her Q. Now I participated in the poll they hurt me. Because I borrow money IE I borrow money on my homes IE I still have to mortgages that are adjustable rate mortgages so. A rising interest rate environment is damaging to my household but for a lot of retirees. They're sitting on. You know house that they paid off years ago yeah Eddie about my mom and dad they they have no mortgage. And it's one in getting back to the question that you asked earlier. We know that only about I think it's like 45 or 47% of Americans are invested in the stock beyond I don't know what percentage of retire you wonder I wonder if it's higher or lower for retirees on one hand disable its public art is they probably have more money so they're more likely but then you'll say. They may do more conservative exactly so I'm retired he's gonna say I don't wanna invest in the stock yeah I'm done playing the game I'd be curious to look at it on a with the with the age broken down. Financial exchange showed dot com is how you participate. In our survey do rising interest rates help you or hurt you financial exchange showed a com. You can text us with questions on that topic howdy do that. Our text number 63566. When we come back we're to talk about. AMC AMC's a movie chain. And they are offering one heck of a deal isn't as good as the movie past deal lowly north thoughts when we return to the financial exchange. The woman Cunningham show business and financial. It's the financial exchange with a very Armstrong and jugs on on the financial exchange radio network. Hi this is Todd let's keep a partner to law firm of Cushing and on and host of the legal exchange radio show planning for later in life is a definite challenge their 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 a lot estate 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 legal 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 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. 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. Everybody it's very Armstrong and Jake tool Jay is the executive vice president at leader bank. And we're here to talk about a brand new product available for landlords it's called Z deposit dot net Jake. What. Barry we created a security deposit product. To really help the problem a lot of in order facing with security deposits which is. You know one it's time consuming to open the small enough security upon numbers sons now. And yet to go into the bridge yes signed paperwork and their small dollars and Andy turn. And it certainly the complaints in Massachusetts really tough for landlords and security deposit accounts. You have to give them ten in certain forms when they open up the count and you have to pay interest in you and we should do all this canal through Z deposit all of that you can do Thursday deposit it literally takes about forty seconds to open up an account. We handled the automatic forms that are generated the account number department commission statement all that said lieutenant. And the interest descent of the tenant. Automatically every year. This sounds like something it's going to be very valuable to large landlords it might have 200 tenants and small landlords that might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to managed so we make dad very efficient. For the small landlords a lot of them are afraid of nineteen complaints done correctly so some of them some of them don't even like taking security deposits were hopeful that this hope and do that. Folks if he'd like to learn more about C deposit go to their website Z deposit dot net. Or you can call and speak to somebody on disease deposit team it's 7816418691. Or online at Z deposit dot net it helps. Landlords manage their tendon deposits to great concept he might wanna learn more about 7816418691. Securities offered to securities America income member senator SIPC and advisory services arbiters securities America advisors think Gary 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. Starter tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. Can't sleep of the annoying sound of the dripping faucet you need to call the experts. At easy plumbing easy makes it easy they've been providing prompt and reliable service to metro west for more than thirty years. An easy pulling won't just fix your problem. They'll prevent it from happening again called today 781862. 1190. Easy does it mass master license number 1018. Three. Chuck on that. Intel story worker sonics got fired by Intel CEO yes do you know if the woman got fired as well. That don't know I I looked I couldn't find anything about I couldn't find out what her name was in I don't know if you I don't know I knew we get somebody asking attacks on. AMC has come out with a twenty dollar a month deal world. To go to they're movie theaters and you can watch quite a few moves aliases twelve month three week. And they try to compete with the movie pass product. We should probably explain with the movie pass practice for young movie passes that's what you've been using right it is it's a it's a product to use you go to movie pass dot com. And I think you pay 88 or nine dollars a month by paid a year in advance and I got a discount on it. And you can go it's the one movie every day in of about 90% of the movie theaters cross country and AMs aid and including AMC but it is nice to go to the AMC in Framingham using moving past the end of credit card yet that the app on your phone it's kind of pain is to be honest with you but it it works and and I've gotten more than my money's worth out of it so it's fair. But movie past few speculated that. They're gonna have some financial difficulties to report. It sure looks like there having some really right at the moment two via completely honest there's Stockton so it's an east yet that the parent company won't now pennies on the parent company is typical he loosened Matheson analytics. And this stock when they first announced movie pass about. 8 months ago back in October. But to start it now it is just started in October of last stock rocketed up to about 33 dollars this year and went. The stock is now 33 cents a share. So it's been in 99% loss if you bought Ian at that peak. And the speculation is they're burning through like twenty million dollars a month Norton on this because they're losing money right on this right now so at some point they hit the wall in my cards not gonna work. Yes exactly it's it's it looks like it's coming in the next 48 weeks probably sometime this summer unless they have access to credit which they claim to but no one's really serve anyone's actually you know land and I think I would lend the money rebuke. I would imagine there might be some confidence on that that they might not be able to tap into. So what AMC's doing is they're saying look we're rolling out what we called the Stubbs a list program. And they have a big franchise in season large orders though I think the biggest donor in the country seed want to make sure they if you before you sign up for the folks you'd wanna make sure you have AMC theaters near you. Yet it AMC does have volatile largest movie theater chain in the world and in the country they've got 8200 screens in the United States which is just massive. So that's a twenty dollar month subscription you can see it to three movies a week. And you can even see the same movie three times that we movie pass didn't allow me to do that but let's say that you just saw Incredibles two yet. And he's AG that was so good I need to see two more times you're dead here and movie toys yes yes. Why he does is good you forgot the most good. I fell asleep the first time I had that I've done that here actually want what's so and it fell slightly and I fell asleep the first time I saw the department. So every movie right yeah I fell asleep early in our yeah. So you know it can't miss an hour of the departed and you have no idea what it's gotten so like OK I got to see this again you know. So you can go to twelve movies per month for twenty dollar franc per month yes a 240 bucks a year ago go to twelve movies about tears that the challenge. I can't even find one movie week. They get there's a lot of I try to go to the movies with my wife once a week. And there's a lot of we tried to say and I usually about sixteen theater in sea you know of the to eight miles from my house that I go to who. And I still so I mean is it worth paying in twenty bucks a month I guess if your will now go see cracking movies dancers know yet. Because there's enough for twelve dollars a month through march. 799 month. Now I six dollars a year I've been like Richard Reid movies this entire year death exactly you know he's if if the breakeven point is if you go to three movies a month consistently. Okay it makes that's the problem is you've got really to visit his how much when I go to the movies it's like 1213 uneasy do Fareed boxed well. I managed the week ago when there are it there's there's nothing barely twelve Cody they would what is your opinion of this price it's going to fail. It's going to have a small and its subscribers. That are going to use it so often that AMC ends of canceling it a year and a half and I don't want our generation's art editor chuck and I attacked an utter I don't know I I think we disagree you know goes to the movies a lot. You single women. You know a lot of them I when I go to the movies with my wife it's an east throngs of single women. You don't see a lot eat altogether I mean how do you know their single women maybe is going to movies that only women want to that you're being draft well build. You know like e-book club but it's it's it's a social event one night I I I may be wrong maybe it's not single but he women. They go to these movies. And it is it's a night and I don't know if you'll three times a month. Natalie that. It is because here's the thing he I disagree on that promise personal act I think if you're going to movies twice a month I think this is a pretty good deal. Because it's Tuesday. But everybody's willing to vote him. That's relative burned. To go to an ugly night so you think it's Smart to spend 240 dollars a year. On these crappy movies. The president out there's a couple of months or is there. A couple of good ones know you'd. You got the Oscars season and then a couple summer blockbusters and those have been awful. If I go about three times more adolescents are removing. Besides who perturbed super troopers too so that there when he's been quiet poise fight those are really sudden you're two for now what twelve but it's still a night out Tucker it's it's who put out a paper parked at a heat. I guess it really got data here failed once student here some numbers there 22% of US citizens this is according to somewhere. 22% of US citizens. Don't go to the movies at all that's it is low 27%. Go quote almost never. A 29% to a few times a year 13% go about once a month ago. 5% go to three times a month and 3% go once a weaker morsel there ago there's only like percent is that this is that it had percent to of the populace is what they're targeting it's still like thirty million people when he mean people. The question is will they'll go through this and here's a thing of the ones going once a week do they're NAFTA cancel to the gonna lose money on the things. Hey if you're driving around Boston. Get ready you're gonna see a lot of driver less cars driving the city streets of Boston that's our next topic and an extra. Life goes on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Cold 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 calming 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. Know if. Landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the 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 7816418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. 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 -- demystify and trust that will offer you'll roadmap as to the different types of trust that exist and help you figure out which type is right for you and your -- -- 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 -- at 8668485699. That's 8668485699. You can also download it right now by logging onto legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free -- did mystifying -- at 8668485699. Or get it right now it legal exchange -- dot com. Hi this is Barry Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about this he rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to Tenet's -- called the Z deposit teen to get started at 78164186. And 91 that's 7816418691. Or visit them online and -- deposit dot net member FDIC leader bank a step ahead. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all -- bank locations bank locally owned -- your gold locally we just make sense -- -- -- -- and learn more call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency -- guaranteed by the bank and may go down in value leader -- a step ahead this is a special announcement for -- landlords chasing -- -- rent payments and making trips to the bank to deposit checks -- hassle out of round date -- -- and -- banks all -- rent collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent -- meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today until Barry and jog right here on the financial exchange radio network. Mike Armstrong joins us now for Wall Street watched Mike I see that Darden Restaurants is up nine point 3% does that mean everyone's going all garden. Yeah cadences. Limited breast exploded earnings beat on revenue to comps were strongest that would take policy pretty strong olive garden and longhorn steakhouse in spite of what they considered to be weather impacted. Their food beverage costs were below estimates and their guidance was as a content as they also authorized a 500 million dollars stock buybacks as you mentioned stocks got him in an percent right now. On the other hand we take a look at Kroger also up about 9%. And Kroger. Obviously has struggled a little bit this year but what kinda news today again. Yeah I certainly struggled especially in the case of the Amazon acquisition of whole foods but their earnings revenues and operating margin beat expectations. They they had an especially strong cost controls and initiatives and alternative revenue streams as well be raised. There full year earnings guidance as well as there's dale got and so so far looking pretty good for Kroger in spite of very competitive landscape. Very good thank you Mike. That's Mike Armstrong with Wall Street watched by the way does anyone have a stranger combination of restaurants under their embroiled in Darden. It's pretty across the board in a state cows to get a time join when a state they've multiple steak house's Tuesday the F. His immediate long worn kind of late the middle lake mid market capital rules on by the oh that's right wrote house of capitol Green Zone by a different is that Darden restaurant no no I like it. And who moved to Texas Roadhouse and it's written that the kinda hungry yes I think it's. Actually the Texas Roadhouse is a standalone business now that I monitor public. Who did detective don't know I sort through but yet Darden also owns honored by their shares Darden Restaurants and art house. Which on the big fan always that's right so they they own that. I don't know what the heck cheddar scratched kitchen news but they felt like grilled cheese to me it sounds like a cartoon. Think it's him I don't know so. New economy. If you had been in the seaport district you may have seen some of these self driving cars in the seaport district it's called new content and UT oh and all and why. And now they're going to be rolling out their vehicles in the rest of Boston. Talk about it challenging city I'm not sure there is a more challenging city. For autonomous cars in the city of Boston. In the entire and it may be you can make an argument London is is mortality Mumbai. I've never been. It's you've you've never lived until you're driving and Alain and there are six other people in the lane with you now with everyone thinking they deserve to be there. It's anyway Lutz and made Austin. Yeah yeah anyway these battery you're gonna see them they need new economy is got permission from the city. To expand their operations through Greater Boston yet they've been testing for eighteen months in the seaport but they're gonna be expanding. Out to all of the the Boston neighborhoods or five vehicles of the not putting a ton of miles on an you know they're not racking up. Tens of thousands of miles a day or anything like that. But they are going to be expanding this out and also other cities in in Massachusetts. Are looking to try to set up some. Regional regulations that they can start to roll this out into the suburbs and start testing there as well you know what I'm curious. Is what kind of success they're having in winter drive that's I think one of the when we talk about the challenges in Boston obviously got one way road to get bad drivers to get you know double parked cars and things -- that would be good city you do it because they're going through so much construction. I just in terms of testing yeah that construction and then I I wonder about you know how did these vehicles. Detect where lanes are when they're covered in snow they had try COL collider does not work its own wondering what we don't have they developed other types of art technology and try to figure out OK you know what's actually going on here. So it's gonna be really interesting to see. Where they go with one thing I'll tell you never bet against Boston nerds. Yeah you know what he's earlier I don't think there's the world know how much of a piece MIT absence. Is what MIT yet you know that's what an MIT makes money list following hopefully they'll invest in these companies are bill. Allow the professors and say well we're 99% to Wear and keeping them percent of the company and wonder if Newt and how much of the peace MIT has of this. Don't know but it's it's it's fascinating to see what they're doing here because much of the other development when you talk about what Google's done in what Tesla. They're they're they're trying to do it in you know easy cities to get around in words you know grids in no weather and so force. New Tommy's got to say and get gives the toughest stuff and was figure that out because if we can do that we can easily move this over Phoenix. Hey grab a pencil and paper and tell you about an event that's can be held that the crest EU country club next week that's right the financial exchange is going on the road. Will be doing our broadcast. From the crest view country club in angle Guam Massachusetts. On Wednesday. June 27. The show obviously goes from ten until noon but then we're gonna buy you lunch at the press few country club in the gonna talk yet. And couple things that I can share with you are things that I wish I knew when I was 23 years old. Like. Paying a little bit extra on your car payment you know what what is the effect of that you make extra payments on your car. Payment oh what does it do what about extra payments on your mortgage what's the financially impact of that. When she. We're to talk about that. But I want you to know if you're a listener to WH YAN or may be years. Listening to us on WP OP in Hartford. We want you to come to this thing it's at the crusty country club to great day it could be a lot of fun chuck will be there I will be there. Willie answer questions that you might have we just like to meet you. Face to face because we never get the chance to do that working in radio we talked to every day but we don't get to meet you very often on a face to face basis. The event is free of charge it's a wonderful country club in I don't give a call to make a reservation hope you have a pen and paper handy. The phone number he'd like to join us next week is 800. 393. 4001. You are invited if you can hear me now you're invited to this event it's going to be a lot of what I can promise you that call club is just gorgeous from what I gather. 803934001. To join us at the crest few country club on Wednesday. June 27. For a wonderful day. 803934001. General Electric shareholders should rejoice. At being removed. From the down why. Well. I don't know if I'd necessarily agree with that there so the headline in what they look at is the last four companies they got removed from the Dow you know they said okay how did you perform over the next year and during that time peer the four companies they looked at Alcoa. AT&T. Bank of America and HP to those the four companies they looked. Al Cole an HP. Far and away the biggest winners up north of 70% each Alcoa accident north of 90% from AT&T and Bank of America. Up fifteen and 17% respectively in. So he goes through there and you say okay you know yeah. Yeah LeBron on the surface it looks good eight year old looking at four companies aren't so it's a really small sample size is true every other thing that it doesn't look at is or how how the market performed during an on time as well. Obviously the market didn't do 96% well code Meehan did. But what other factors were kind of been in play at that point and one of those things were going on. I don't know fun necessarily as bullish on GE over the next year as this would lead you to think again and it comes back to what you said before. I don't know where the next great product is that they're built. In and frankly the CEO has been less than impressive I know you think I should give him more time but. You know as a shareholder of GE which I am I have been you know I think he should have told us more last year before about the stock. Yeah me it's to be honest I don't think he knew whoever. He shame on him. Well I think I think there's a lot of crap that he was thinking maybe that could be it could be. Another company New England based company Raytheon says. That allies will keep buying US defense systems despite the trade disputes. Raytheon shares though today chalker down two dollars and 92 cents or one point 4%. Yeah Arabia and obviously wants to be able to continue to sell a lot of these defense systems in two. Other countries at this point just because a significant portion of their revenue does come from these sales. To foreign countries. I don't think there in there isn't as significant threat of them seeing you know big drop over the next couple quarters and one thing to watch on this is as the dollar continues to strengthen in valley which is what you're seeing right now. I I do wonder you know whether or not you have countries that are buying. These products. Just don't have the money necessarily. To buy them at some point you know you know you look at what happens from a cost perspective in the fact that the Fed continues to raise rates you're seeing. The Fed continuing to wind down not balance sheet. You know a lot of emerging economies right now you're seeing a little bit of a shortage of dollars and that makes it difficult in some cases to go out in the end by. And buy these products so. It's it's something to watch I don't think it's gonna happen effects this year but again it's it's one of those things that I look out over the next couple years and say. Watch out a little bit on this because it could have a significant impact. Couple comments as early through the driver analyst cart technology Berry will pedestrians. And people on the street vandalized the driver of the scars. I likely why there and then don't get caught you you've seen it in San Francisco you've seen it in Phoenix have yet these. These driver was cars like some people go around egging them some people go to just his you know they wanna mess with them and Selig what happens is they don't like the fact that maybe do their jobs threat to these people realize there's a literally camp the car's covered in cameras well not only the car we not every city in this in every city in this in Boston it's comforting to farmers and things don't work exactly. It though if you if you. At least I I don't. First of awesome anyway and I would not recommend that anybody handle you know these vehicles and if you do recommend its native says a very high. Probability that you're gonna get arrested well yeah and in the eighteen remember just because the cars drive realist doesn't mean there isn't someone in there. Who can stop the car and say you know. Hey what the Hokies and that's a site like it's gonna happen with these new Todd Carter cars as there's going to be humans young scars the coming up will be talking about the growth in retiring baby boomers and what that is going to do to US welfare programs we've talked about on the periphery in the past were gonna dig into some hard facts when we return to the financial exchange. You work hard to make your money. This is the show they can teach you how to make your money can work through you it's the financial exchange with Barry Armstrong and jugs on on the financial exchange. The radio network. 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 Guam 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 American corporate members in SIPC advisory service is our with the securities America advisors incorporated Ari Armstrong representative Armstrong advisory group the securities and our companies are unaffiliated. Hi this is very are strong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also ought to meet many of the compliance headaches for landlords such as generating -- help disclosure forms and will even send out annual interest payments directly to attendance -- call the easy deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank step ahead hi this is very Armstrong in I'm joined by estate planning attorney pot luck ski from the law firm Cushing in Dolan. With pure legal exchange quick tip of the day. Todd we're talking about your new guide it's called deem mystifying trusts here's a question for you. Is it possible to protect your children's inheritance on talking about. After you die. From their potential divorce which might not occur until five years after you've passed away yeah and that's a wonderful thing about trust is so many people get tied up taxes in probate and you know what. They do a lot after your dad. Never mind rate while you're living in this is one of them so the answer is absolutely yes. You can protect assets from future divorces of your children and and not even just divorces. Any credit taken a financial problem just a wanna have people limited to just divorce although I can tell you divorces is one of them. Bigger concern or how many people half again more common and so yes I mean the way you do it is what the language you 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 child if anyone at their siblings know they should be an accountant or an attorney and they can remove and replace pulled it really the boss they don't get stuck with a you know some crazy attorney gets in there that that doesn't wanna give up 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 him. Your state by any 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. Dean mystifying trusts call now for your free copy of this comprehensive guide bill will. Help you determine what kind of trust is right for you and your family. 8668485699. Or legal exchange showed dot com 8668485699. Stay on top of breaking financial news by becoming a member of the carries brigade blog under financial exchange dot com and sign up today. According to our sport Tucker. 35%. Our audience gets helped by rising interest rates 64%. Yes vote. Just I mentioned that what you did it try to pay attention to what I'm telling you here is it. If it's going to be hard to grasp for more. For the most of the past few decades the ratio of retiree aged adults. To those of working age has barely budged chucked in to in 1982. Were nineteen. American adults aged 65 and over for every 100. That were between the ages of 1860 foresee had a lot more workers yeah. For retiree then you had retires and by the year 2010 the number had moved much was hitting gone from. It is you got from eighteen. Or no excuse me. He got from nineteen to let 221. But now you go to the year 2017 they're 25. Americans 65 and older for every 100 people that are in the working yours. And that ratio is gonna climb to 35 retiree. Aged Americans for every hundred by the year 2030 that is not that far from now. No and and specifically what this means that there are going to be less people working to help pay retiree benefit benefit benefits. If you look back to the year 2000 as an example. For every person claiming Social Security there were 3.4 people in the workforce. Paying taxes into the Social Security system to help pay those benefits. If you go out again to 2030 movement sees that as an example and that number's going to go down to 2.3 workers and for every one that's collecting benefits and afterwards what we get to 2035. Standard 2.2. Which is why have always advocated a few like a broken record but for the last twenty years I've been talking about how we'd need to fix Social Security. Instead what we've done is kick the can down the road and it's gonna become huge from here's a number. You get to the year 2060 I'll be dead you'll still be alive in you'll be retired in your 2060 there will be 42 view. Retirees. For every hundred. That are about working small number it is it's not sustainable. If they make you look at what's happening to this country. And you know I kid you guys about the birthrate. But it's it's just it's a it's an issue. That it is gonna have to be dealt with is the birth rate the issuers the fact that we planned the use programs based on higher birth rates should maybe I think it's the I'm not gonna tell people you have to have more kids otherwise so security won't before they. The goal of my life is not to fund Social Security or. You know. We need to fix the programs of the based on how people are living today it's sustainable and borne out really do win. Here's another thing that's gonna change in the country nonhispanic. Whites are dying faster than they are being born. Which means that the country. It we will be the first country. That is truly diverse straight year and have. A lot of Asians you have a lot of African Americans and you're gonna have dealt a lot of Hispanics in auto white people all living together in the same country. It's it's going to be a huge shift over the next twenty years it's it's going to be fascinating to watch what happens it is and in what ends a panic coming out of this just because. You you go when you look you've never really seen this in any country but I can't think of a country not at this scale in this size and a 300 million and ended not only. A large country. But also the wealthiest country in the right it's it's going to be fascinating to watch what comes out service. No let meals are moving out of mom and dad's place this according to a study that was done. It's it's down not a lot but it's the the pendulum seems to be suing in other words the millennial generation as they get older. Seemed to finally be recovering from the recession hangover. Yeah last year 31 and a half percent of people aged eighteen to 34. We're still living with mom and dad yeah that's down from 32% and 2016 people's well that's that's Ohio it shouldn't be anywhere near that high. The long term average is just under 20% rate so. Like who would gets lost in all this talk about you know all the kids are still up kits have kind always been at home to a certain extent. It I used a lot of this is sad and it is the you know. Young couples or double O'Neal's. Graduating from college and I think I I had to keep this if your parents are willing. The what you live at home for year to seek and pay off your student yelled altogether OEM that get rid of those payments. I think that's one of the smartest things at a young person can do well in I'll tell you there's there's no shame in doing that anymore either it is like there's so many people who do with it's it's almost normal and socially so it's probably problematic is probably more problematic sizzle. Let me date. What do you mean you go out I believe you're gonna bring home. We do we bring home mom and dad the only turnover TV yeah put a movie on you know and try to Netflix and chill here. I just. As a as a parent of millenniums. That was always an issue I can tell. Number it failed was always a close together like you've figured out late. Do with it and know that I guess I've just telling you from parental. Oh I'm not saying it's going to be the most pleasant experience in the world of Pelé and figure it out you know they I don't know men. The worst thing about it well I. That that's what I was alluding to the worst that could possibly yes and it is indeed the worst thing you possibly happen has your millennium movie Munich is the problem is as an in the money we'll tell you if you get used to being an empty Nester. And and being an empty Nester is a rather nice part of life you know it's if it's a good thing and you know money would in this shed you know. There's options markets pulled back a little mean at the Dow down a 140 point crude oil is trading up five cents a barrel. Gold we haven't talked much about goals cooled down about 1260. Announced he gets because of the strength of the US dollar. Apps largely dollars up about 9% this year. 100% based on the ten year treasuries at 29 B which. Not a bad spot for mortgage rates and actually ticked down a little bit so it's. Things things I gotta tell you it's almost like a Goldie locks. Type market right now. If things are looking pretty good in the next hour will be talking about a university that is giving out Alexa. To their student Aqua dots to this there. 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 co lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender. And MLS number 449250. Subject to credit approval leader bank a step ahead. If you're 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 on now 803934001. That's 803934001. Or download the guide right now what financial exchange showed dot com securities are protestors America incorporated member Finneran said PC advisory services offered to securities America advisors incorporated Barry Armstrong were presented their arms or an advisory group the securities America companies or an affiliated guarantees are based on the claims paying ability of the insurer. State -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd -- ski and with the numerous types of -- available I've got a brand new guide -- demystify and trust that will offer you'll roadmap as to the different types of trust that exist and help you figure out which type is right for you and your fans do you need to revoke -- -- or an 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 on to 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 guide did mystifying -- -- 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 zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks 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 dizzy -- technology tell them a cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 781641869178164. Vick comes up 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 residents and four main buckets. Yet an immediate annuity where you give insurance company reminding guarantee pension yet fixed annuity which is just a predetermined rate for a predetermined time. It index annuity and 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 York 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 seat for instance a six month fixed annuity that your generals. 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 our strong advisory group is put together this great free guide titled the truth about annuities it doesn't cost anything to get it in only have to do is call our office directly at 800. 3934001. Or you can go over to Armstrong advisory dot com and download it for free once again that number is 800. 3934001. Securities offered through securities America incorporated membership recipe see an advisory services are hunter securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Precious metals are Smart meaningful investment one ounce in 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buyer gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead 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. Attorneys are protestors American corporate membership -- 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 time for bank the pays you with -- consumer award accounts can 1% cash back with debit purchases and an extra 10% back when you user -- 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 fees may reduce earnings -- subject to change without notice member FTSE leader bank. A step ahead hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance -- called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with the Barry Armstrong and chuck sound. You're exclusive look at business and financial news affecting your day your city your world. Stay in for. And today about economic and market trends plus get breaking business news every day. And the financial exchange with the very Armstrong and shocks. There's a winner and a loser with every trade and as interest rates rise some of you benefit. From rising interest rates while others get hurt we'll talk about it. We'll also talked about it a rule. Thing that we just received from the Supreme Court as it relates to Internet sales tax. And then Amazon continues its quest for world domination hi everybody it's very truck with you here it's a Thursday morning and rising interest rates at the topic visual were in the poll question can sure do rising interest rates. Help you or hurt choose our poll question you can participate in the poll but opening two exchange showed dot com. For me chuck it's one of those things that is a little bit painful because I sit around and I say. Yet don't keep a lot of money in FDIC insured instruments. And I have adjustable rate mortgages on to my home so a rising interest rate environment yeah that's that's gonna hurt me in the feds already raised rates twice this year. I'm I'm someone in the same boat I took out adjustable rate mortgage last year and I'm sitting there going gee it's not adjusting upward now but it really hope these don't continue to go up the next four years because otherwise. I'm not start paying more on the wreckage so. I tend to find myself in somewhat of the same boat there obviously rising interest rates also you know they can depress the stock market a little bit obsessive thing go hum. To be in if you of credit card if you carrying about and you credit card that hurt fortunately I don't do that if you're student if you got student loans or. I was think it's gonna hurt them. Now there'll be people that benefit from rising interest rates who would benefit let's say you have half a million dollar mortgage fixed rate at 3% year. Think in your pretty Smart grid and you feel pretty good as we eat or what seed got half a million dollars in your local bank. And your that you can go to that bank announcing hey I wanna get to 3% on that in on that account that that's lead those are the people who benefit. From rising interest rates. Yet in I think when you look at a lot of seniors at this point. Typically not taking out more adjustable rate Deborah. They may have some credit card debt so that is one area where we've seen senior credit card debt increasing that is one area where some seniors might end up being hurt then but if you are someone who has. Onto CDs out there and evens Angie able have been nearly a 2%. He can get close to 3% on five your CD these dates you know it's it's it's not backing of the four to 5% range that a lot of people like back in 07 no wait. But hey yet. You know you've got a chance to start getting up in that range if rates continue to rise over the next eighteen months target in threes if you five years and yeah actually I was taking a look earlier today just his night. I don't know if I would do better. Because on the short term we can get two and half. Yet if if you look out right now so I've seen one year CDs typically in the two and a quarter to 2.3 range right now. And five years I have seen up to three and a quarter but on three years I've seen up to three so it's you know 33 years and 3% kinda seems to be the match number for folks from the Supreme Court we got an Internet sales tax ruling what does it mean. Yet that this is a a big one here in this if it's a strange group or justices that joined together a 54 opinion here Kennedy Ginsburg Alito gore such. And Thomas and all all joining us on this or 2154 vote it's a 54 vote and then you've got Roberts Breyer Sotomayor and Kagan on the other side so it's it's split it's not a long you know appointment or party lines or anything like that. One of the key points that the court makes here. Is that the prior ruling that it kind of stood up and this was 1992 role in what's called the quill rules in his quill was the company arguing that they didn't have to pay sales tax and in his state that they didn't have a physical presence. What the Supreme Court is now arguing with this opinion that ended up carrying the day isn't. Is that that ruling. Actually ended up creating more problems. In terms of creating distortions in the market because let's say that you're someone that has a business going door to door right you do technically have a presence in that state where is if you go over on line now. In cell into a state you know you have a better system so what it does it creates an incentive to get rid of door to door salesman in favor of online. Sales so what did the Supreme Court ruled that the if you're if you're doing on line advertising it gives you presence not online advertising if you were making online sales into a state. That states have the rights to impose sales taxes on top if you do not have a physical presence this is huge it is. This rate if your retailer if you're you're run and retail store you are applauding this decision by the Supreme Court now let's talk about what it's doing Internet retail some guy Amazon's stock down one and a quarter percent. Over stock down two and a half way fair down 6% eBay down 2% Etsy down 2% now so that I wondered though we eat the if they had done this 510 years ago the Supreme Court and you'd had a more profound impact I don't know if this is an impact. Shopping online shopping very much today is what is your impression. It it it will you do via the it will because there are still. Let's look at Amazon in particular to look at Amazon on their merchants not on them but on their merchants that are on their platform PO does not currently require collection of state sales tax. Now they will he's gonna change anybody's behavior. Probably changed mine won over it's not to change behavior what it is gonna change. Money phone and state coffers. Can help you think it's going to dramatically helped the State's financial position thanks so. This is and it's gonna help the local retailers to would be greedy. Because people might say wanna save 6% anymore bottom line on line. Exactly says this this is going to level the playing field that's pretty much the argument that the Supreme Court made here is. Look when we previously made the quill decision in 92 and the Internet didn't really exist we didn't have this kind of dislocation that was caused by a grueling. And they're saying look we have to adapt the law to what the situation Tuesday. I think this is one of the better rulings that I've seen on a business like this is. Really really well speaking. Of famous on your now when you check in to a Marriott hotel Tucker there's going to be a little Amazon to. Echoed doc Jesse not through ran up room service every waking moment when you need something I hate this you know have to call why do you hate I hate this I think it's great on the pocket out my window it can't. I'm gonna pocket out my window chance on you know hospital. It's I what what if I don't want my every conversation recorded. Turn it off again who do you think is listening to us. You've seen cases where conversations mistakenly get sent to a that would that would get a are derived hotel room you don't want talk to listened. I don't know emulate and who knows what's going public you sit there and say gee I don't want everything recorded that I'm talking about you know sometimes you know you're saying something about people don't want them to hear and sometimes you know it's like. So the premises Alexa Demi Moore towels yeah. And and and it's a bridge or more titles like I like it so I like it relaxes the gym open yet yeah. Alexa. Can you have room service send up some cop out. You have to call anybody to talk to anybody talked a robot it's creepy and big brother's a lot to turn on the TV. Diet and let that turn on the patriots game I feel like it at all. This if anything is gonna steer me further towards there being being away from hotels and Alexis sat. Oh I'll wake up call yeah right Bob down things he how many people I don't on their exit just had all these things happen I don't they're not a happy with this right now I I have no expectation of privacy and yeah exactly might not have had any expectation of privacy for fifteen years I think you have an expectation that every conversation is being recorded. Really and do you think you're so special that somebody's gonna listen to your conversation and I wasn't really you know no higher as I don't think I'm so special. All I'm saying is. Why do we what do we think this is like inherently just like a good thing. Why why don't as a makes our lives easier I'll tell you what Northeastern University thinks it's a good thing I don't like that either northeastern U. They're gonna get an echo docked with what they call the north of the husky. Thought the husky daughter. The husky help the husky help America so the way it'll work is. Let's say you. You wake up in the morning in you don't remember what time your science classes. Be insane to Alexa elect so what time is besides. Alexa what are they serving it captured privilege today elects a what time does the probable but Marie elects. How much to like old auto repair time pub opens clutch yet anything school related to what plus rat. Maybe it they don't have this here here's where my head's out. How much benefit is like what does that save you in terms of time what's ill wait where's school. That's by the doing. We're what does it say of the school school doesn't the you know one of the reasons they're doing it is kids would call the burst or office. And be on the phone for forty minutes arguing about their bill to try to get information as it relates to their bill they're still gonna do that Amazon if the echo tells them their bill something other than what they believe. It it's. And it cuts down on use of administrative facilities at northeastern at that that was the logic behind doing. The first school that I know doing. I I hate this what time is a science class with time is the pocket change your phone like. If you like we're losing all of our skills in like actually navigating the real world if we just have things doing stuff forces were going. So OK it's not really like what kind of life we built well we're gonna be pretty lazy in the next segment because in the next segment will be joined by Maggie Reardon from CNET. Now I don't know about you guys I have AT&T is my cellphone. Service provider Verizon for you both have Verizon and AT&T. And chuck and wing sprint unlikely switching to sprint at the end of this month well wait until you finish this interview because Maggie has studied all these carriers and she's gonna tell you where you get the best deal. Based on the type of usage that you have we're talking about cell phone usage and which service she do you subscribe to next a company to exchange. And includes round. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio net. Work in an unpredictable stock market you should always be prepared for the future hi this is very Armstrong -- meat and chuck is not on Wednesday June 27 at the crest EU country club in I Guam 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 are protestors American corporate members and as a PC advisory service is 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 zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and still a bank member FDIC. If you're a landlord and are interested in having your bank acquired this he ran technology to Obama called this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi this is very Armstrong and like Q I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients I'm a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities 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 protestors are incorporated in a recipe seen advisory services are protestors American budget incorporated Barry Armstrong representative advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Hi this is very are drunk and if you're a landlord or property manager I'm sure you've heard me talk about zero 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 reprogram which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security -- C deposit also automate many of the compliance headaches for landlords such as generating out disclosure forms and even send out. 78164186. And 91 that's 7816. Or 18691. Or visit them online. He deposit dot net member FDIC leader bank step ahead. It's our daily poll question had financial exchange showed does John. Vote your conscience and Aaron just vote go to financial exchange oh does come into castaway. You know different phone companies are offering these unlimited plan around here to help us make sense. What's what with them and what's actually the on the menu is Maggie Reardon from CNET and Maggie thanks for joining us. Yeah thank you so we see all these unlimited plans that are being rolled out by these different companies. I wanna start first with the sprint plan in this is that of self mysteries that I saw there their fifteen dollar a month unlimited plan that was unveiled last week maybe the week before. And I'm curious. What the deal is with that is is actually unlimited there restrictions. Details about this. Yet so I mean it here's the thing many companies there are saying it. That the plans are unlimited they're not always really actually unlimited. They do you always have some sort of act. You know which basically means. You know if you go over. You know 22 gigabyte of data a month it'll slow you down I won't necessarily cut docket service but. That you won't be appointed to download things extreme things. At that orgy. You know bat speed. So there yet but there are limits to it most people though I'm probably aren't gobbling up that much data in a month. What do you how it actually epic heavy user what do you have to do in order to go through 22 gigabytes of data in them. I dream a lot of video. How much we talked I heard they're not why are we talking like an hour video a day ten minutes of video day how much video does it take to hit those elements. I mean you can bear in each of these carriers have little trackers that you can kind of go landed. And any estimate your usage but yeah I mean you have to be. You'd have to be at pretty heavy on video watcher and you know most people when there. When you're doing things like video. You know they might be in our house every you can do that over like I and that's not quite count against your your data let you know that's another way it like. If you are concerned about your eighties making you think he might you know be heavy user that goes over the saying it kind of like you know what when you're in your house and hearing here. Your office there's something you know you can connect to Wi-Fi network and that gonna help to alleviate some of that stress there haven't dating your. Maggie are there any differences these plans in terms of add ons are additional features or bundles there's things they get included with any of them. Yet you know I need it creepy because a couple of years ago there at the big question like we're gonna make you planned so much simpler to understand and then be just like he'd like. Like complicating and I mean it's it's kind of ridiculous I mean you can get cab be able to get like an unlimited plan that now it's like. Unlimited plus unlimited joy unlimited. But why I and and so what a lot of the things are that there adding nine is where are the basics sort of unlimited plan. That'll include like. Standard definition video and then if you wanna pay a little bit more. You can get high definition video that included on you can add I it. Hot spot service. On the and it's like yeah do you want forgy either he went three GB. It would be here all the kind that being the kind of add on and and there are different. Cost associated with them obviously like that the high definition video. Eat up more data that that's going to be a little bit more expensive. Cleaning things eating the hot spot it forgy about the going to be a little bit more expensive I mean personally I would say like. I would go forward like that higher and boards see how I but. You may not necessarily need high definition video on your small. So let's talk about cost when it when it comes this in terms of let's say that I'm just looking for a single line. And it's it's just it's it's mean you know my Fam was get a different plan or something or maybe it's just me and I say you know what I don't want my family on my plan a more paying for my data. What is the U lowest cost that I can have for an unlimited plan and what's the highest. Well I mean it barring any of the sort of special offers which are kind of coming and going all the time you you know spring usually authors. They seem to be that consistent legally expense. You know. Even you know when there isn't a promotion going on and they charge about sixty bucks a month I would say somewhere in that range you know XBQ. Yeah I would go without a tie is 95 for example from Brighton. Which. You know offers. Sort of get that Verizon above unlimited plan which you view like. That he byte gigabyte per month that you could beat him before they start following you down on that. You know. Brink and could be kind of like that doesn't. The least expensive. Consistently. And bright than can be the most expense. Is that the case is well let's say that I say look I've got two kids now wanna throw my whole family on here 94 lines is that the case now with that setup as well. Yet yet can really it seemed like brand is it a lot more our you know friend he'd. And and cost effective and and bright and it straight year and and really you know they're able to do that because. Brandon just generally has better coverage. And better service so. Print and T-Mobile has struggled for years. You know for example I have. My family has at a beach cottage in in Delaware and I cannot get he novel or spread anywhere like you're right out or like in the count Armageddon like on the highway bill. That's not gonna be a service that I can use. Kids. You know I need to be able that have that when I'm on vacation so you know you have. That's what you have to factor in skill and you know unfortunately you would think that they would they would. Be able to get get it together and accurate everywhere at this point but you know beat spilled out. Are good Maggie thank you for the time they we appreciate it. Iraq. That is Maggie Reardon from CNET talking about the competition between the big cell phone Cairns today. If you have Wi-Fi at your house to use that for phone calls. Yes. So. I just think the that that whole business. Because the eerie thing about where you go you go to work you have Internet service you go home yet Wi-Fi. I'd be the there's certainly the amount of times that I talk on my phone. For extended period of time negligible in the Carter and you really negatively maybe once a week. You think about the people who do use their phone a lot win they are in the car you know a lot of sales people Leo right. But they're usually getting that phone from their office anyways you know they usually have a phone that's provided to them for any business in calls or things like that so. I wonder how important the network is in today's day and age were everywhere you go as like you walk into any restaurant anywhere you know. At least one that doesn't have you know sit down service with the you know waiters have lifetime you're gonna want a unit like sit down restaurants and you walk into like Applebee's that got Wi-Fi net's most animal you know you aren't sure it's it's just like the only place that you can't find it now as if you go to like a high and steakhouse and even there's kind of quick sometimes you might. Maybe I notice follows a lot of those internet's. Are unsecured so I tried to check my email it won't let me because it security. Yet is it typically they are unsecured networks and you don't do year online banking on them yet to be careful and yet you've got to be really careful on the news is there's all kinds of you know skimming scams and stuff like that get sent up there. He trivia is coming up next on the financial exchange got a fifty dollar gift certificate Arnold restaurant up for grabs. Stay lists struck him bury in the financial extra. 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 -- 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 oval or an 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 -- 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 guide did mystifying -- at 8668485699. Or get it right now it legal exchange showed 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 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 you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there're many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that 803934001. Where you can download the guide right now at Armstrong advisory dot com. Dirty soccer history is American corporate membership recipe seen advisory services are protestors American budget incorporated Barry Armstrong represented a strong advisory group and security certain companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Are you having problems the blocked sink or dream. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've that all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable Palmer. With fair competitive prices. All easy combing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 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. 862. 1190. At oaks is chuck and Mike from the financial exchange we're talking this month about annuities and specifically. To our strong advisory group got the truth about annuities Mike let's talk first about some of the benefits of annuities when it comes to tax deferral that's probably one of the main advantages that you get through the use of an annuity. Correct I mean if you think about it traditional investment lets you go out in your bias CD that's paying you 3% interest. Your 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 decides to take that money that can't be an advantage for somebody and I tax bracket today. Other benefits that are on there you have the ability to add 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 to be written into these contracts but they do come at a cost. The downside due Newt he's the two biggest reasons that people have issues with the 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 this information and more. Is included in our new guide the truth about annuities gives you all the pros and cons all the different types of annuities out there. All you have to do to get it is call 803934001. Or go to our strong advisory. Dot com. Securities offered through securities America incorporated member of humor SIPC in advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. They say video pads ten pounds. But don't tell Berrian charge the financial exchanges alive every day on FaceBook and YouTube and this is the financial exchange radio network. Tucker he can be again Arnold's. To deliver. Shouldn't be here and beat him from from east and. That's a long haul. Obese pretty sweet David drones can you match. Is just like. Fly it over looks like a lobster. An hour and 43 minutes with no traffic the I wouldn't expect them to do that as well Arnold's there are very good. The ratification of the constitution of the United States took place 230 years ago today will be testing your knowledge about the constitution. Our trivia is brought to you by Arnold's by the way in if you wanna win this contest. You need to be. I'll be young girl text or number eight will no debate has had a we did the very nature electorate the Oregon and Creighton greatest that's in a separate note isn't because it's too early because we have a lot of streaming listeners it. It can't attain what I'll give the question then we'll decide number twelve. Who is the oldest person to sign the constitution our text number 63566. And Lugo with listener number twelve sevenths since we did yesterday. We'll go down some more of the six. That victory listener number seven. Will win the fifty dollar gift certificate if you know the correct answer who is the oldest person to sign the constitution. And we'll tell you use old. He he's pretty old. Stylus yet will no doubt he's dead he's dead he's not a will be produced just tell us what a joke you tell the British to get off as long there's a difference. 63566. If you haven't texted the program before you have to put my first name Barry BA RRY. At the beginning of your text in the near the club and then you can Texas anytime you want you can say whatever you want as a relates to our topic. Who's the oldest person sign the constitution 63566. Amazon's. Prime wardrobe. Now available to all US customers without an invitation. Tucker when I saw this I said yeah I need to cancel my stage fix. Actually you did well while ago coming months have you done now and gotten like two or three orders I like it. How have they. You've kept every are everywhere every piece they sent me. Because it's cheaper to keep because there's food the discount it so much now so as you start sending stuff back. The EPA said it all back we keep at all. Yeah I sent all mine back like garbage man it. That this thing you like business casual attire or get whatever we can't simply casual Wear. And means is that not good and a Boeing fine expensive though the clothing items. Really now when you look at it in the aggregate. And Fisher place and it was like sixty box classic duke they discount. EEA members that be discounted at the end of the package they say it will be keep everything yeah we'll knock fifty bucks percent so I just kept everything except now IV captain because you wanted to discount reaction like the clothes. I Wear them. You know data analyst and I guess you get 25% discount if you keep all five items with the Amazon's deal as Amazon and I'm really sick seriously thinking about such an organs so I do buy clothes from Amazon in and a I like anything right to go to the store. So with the with the Amazon it's its pretty straightforward. You pick three or more items so here's the thing you picked. And is that they give you designer 'cause I have like a personal design in it doesn't look like it now looks like you'll pick them all I have a personal shopper she she does this stuff right when username talk I can remember. Believe she knows the united teller and oh yeah Amazon doesn't have us joyous noise color hair is nose and a but it don't salt and pepper great great great onto. To summon amazing physical specimen a how do they keep up a lot with your reducing weight. It's it's a challenge you know lately is you know I'd imagine that's tough if that's what I've spent a lot of money on a new wardrobe because Leah lost so much weight. So what the Amazon one called prime wardrobe what they do is you pick three or more items than you get them at home they give you a seven day period to try them on and don't and then you simply return. What you don't want. And they charge you for what you capped them. So it's it's a different program that stitch things more aimed at people. Who are quite sure they want something you know okay edged wanna try this out needs a way to replicate being able to go in try stuff on before you buy now. That's what there was so you could order pair of sneakers -- on walk around and then senate back if you don't like if it's part of the prime wardrobe package I don't know of any sneakers are on their is honestly the idea of where someone else's else's shoes that they might have worn for earlier to Villa ended not a means they predict these socks or something like that moment yeah that's better. A look. A people's socks. You next week when we're going out to ankle while Jim Toledo's going to be there. Yes he has in Toledo is a friend of mine who used to work together this idea at Fox25. And back in the old days and now he's the morning guy it WHY and and we're doing a remote broadcast. At the crest you country club in angle won Massachusetts and I'd like you to join us the it's it's a free event. Oh you know we've got some young people commonly cuts and retirees coming but you're invited it's a great deal the comment he watches to the show if you want it says ten until the end of the coffee and stuff like that there. And then at noon sharper I have a wonderful buffet luncheon. And then we're gonna dig into why you really count right you know one of the things struck an iron guilty of he is we for years we've always focused on how do you make money you know Heidi do you buy that stock and you know people compliments on the build come up to me say only you know I've listened to when he you're analysts c'mon is aghast and I bots are wrapped are you know whatever it is they bought the meat lots of money in their great. But what we don't do. These two are. Criticism it is. Is we we don't spend enough time telling you how to protect. You've earned and well and what you worked so hard to say you're one of the biggest things I can tell you this says it is apparent is. You worry about you know what happens when you leave money. To your children. You know you worry about that but if you leave money here kid and then he has a car accident and the it in and all of your money and that go and in. Somebody did that that he had a car accident with the or he has a big business it fails and and all the sudden all the inheritance you left that child. Goes to his creditors. There's a lot you can do to or it's protecting your assets we're gonna dig into that topic a little bit. At this event at the crest the country club next week I hope you'll join us argued that phone number one rated down at 800. 3934. Zeros or one that's 80393. Four zeros or one trucks ought to will be there Jim Toledo will be there I will be there IE Willie beauty I I created this. Agenda that we're going to use for next Wednesday so I sure hope you join us. Limited amount of space available talker do you have any idea stemming receipts we have very few. So I he had got a man so he should call today. Today yet. This phone number is 800. 3934001. AT&T chuck unveiling a fifteen dollar per month. Video service I think I make of this for free system and AT&T customer. Yet this is a a streaming skinny bundle called though watch TV that I interpret this article right in because if I like I have this big plans at the eighteenth yet the gnashing of this if you have unlimited in an unlimited data plan you don't have free access to those can be fifteen month if you don't totally. You're gonna get a lot of the content they just got from Time Warner. Diligently local television affiliates so no. You're you're not gonna get that so it's going to be you're gonna get you know TBS TNT all of those types of things worth I wanna watch the Bruins playoff cousy you know I signed up for who recently did it was towards the not to be on it and this is pretty much using. Largely the Time Warner assets that you get. That's what it looks like at least now I haven't seen a golden. Channel is to receive I can pull one operate now. Just to see if there's any additional update on I wanna see if there's channel listing the Nike gets. Actually yes I do have a here you do a unique. AMC Animal Planet. BBC America Cartoon Network CNN discovery Food Network the Hallmark Channel. And hallmark movies to rate for the white HGTV. History Channel. In it IFC whatever international our Independent Film Channel lifetime and lifetime movies also likely await favorite. Oprah networks on this TV TBS TC MT LC TNT true TV. Whatever velocity is if you paid me fits on cars a month that wouldn't take that pack it in coming soon after it like there's nothing he strips for fifteen embarks. I would much an outlaw sent coming soon after watching get BET and TV to nick tunes in VH. If the end though to know. You want in a felony wise. And it's Middleton on our peers you know all talked. Any and everybody and electors not. And it of viewership wade. And you had a tough year this year out of these channels like Iowa today and CD's and I want BBC. Discovery history. I have c.s got some good movies on you know all of the the TBS TNT entry TV of some good stuff so probably wants you know 67 of those. Now. Coming up next we're to talk about the spring home sales season how's it been. Our houses selling at what rate what price that's next on the financial exchange. Barry and chuck. Alex. This is the financial exchange radio network hi this is very Armstrong and like you I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- -- 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 -- 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 803934001. Where you can download the guide right now at Armstrong advisory dot com. There is a protester is American corporate members in Ressa PC advisory services are protestors are devices incorporated Barry Armstrong represented a drug advisory group to secure listener to 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 -- 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 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 dizzy ran technology Tillman 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 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. 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 -- ski and with the numerous types of -- available I've got a brand new guide -- 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 family -- revoke a bowl or an 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 -- right now to request this free guide 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 -- now for my new free guide did mystifying -- at 8668485699. Or get it right now it legal exchange -- dot com. Time for bank pays you with liter maximum reward accounts can 1% cash back with a debit purchases and an extra 10% equity user -- -- businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass residents only he's may reduce earnings -- subject to change without notice member FTSE leader bank a step ahead 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 banker called and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured and insured by any federal government agency -- guaranteed by the bank and may go down in value leader back a step ahead. Security suffered two securities America and members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new text club by texting the word ferry to 63566. So your first and last name and get involved today you're listening to the financial exchange radio network. Benjamin Franklin was 81 years old when he signed the constitution the youngest person to sign with the 46 year old Jonathan Dayton. Of New Jersey. The winner on this question was poll from Worcester polls taking home a fifty dollar gift certificate to Arnold's lobster and clam bar. On US route six in east ham Massachusetts. There leads Jeff Susie is when the Cape Cod stuff clamped contest for the third year in a row. To get down Arnold's and check out all the great food for yourself call 50 wait 2552575. Or visit the monoline Arnold's restaurant dot com. For more information here's a fun fact as a relates to home sales. 40%. Of home sales each year take place in March through June so for months of the year. Comprise 40%. Of the home sales. There's this picture was four months and in knows it's not it's not a numbers I would have actually thought what a total because I've seen ads for months getting. You know. Which is a third of the year yeah getting 40% of the homesick again extra 5% so. Yeah the if it's not like there's no homes being sold in July August September October. It's just. Both few more get sold in those formats but it's not been a good spring. No the the overall sales numbers are relatively lackluster and it continues to be because of lack of inventory in high prices and the inventory right now is just a four point one month's supply of homes on the market at the end of may. Typically like to see that is at about a six month supplies you are about 30% underweight. As far as the number of homes that are for sale. And the big reason why you are seeing that tight supply. Not a whole lot of construction going on not a lot of available land and you got increasing construction cost to whether you're talking about permeating we talked about the lumber issue earlier this week. 9000 bucks costs are going up. I tell you one area that I think is gonna suffer in the long term in house I think. Eight primary residence sales will remain pretty stable so if you live from around the city center I think you're going to be fine. But if you loan a second home. Up on late quote of the sake Euro and coast of Maynor on Cape Cod Nantucket Martha's Vineyard on the Connecticut shore. I think second homes. Are gonna suffer in terms of pricing because I don't think the way and Eagles. Are gonna buy second homes at the same rate as their predecessors being Generation X. and baby a baby being able to baby boomers. Always had to have a second home when their cottage why is that. We just. And I venture good. I guess we have we're we're going why we're going to take care for second place why don't you don't just want I can tell you in retrospect. As a baby boomer. The deer. Their good times are said to you know because he had dowdy a second home. In the spent all weekend working on yup and and and you know like defeats the purpose like those in and then if you spend all spring getting it ready in these brand awful and then you go hole right go home Sunday night. And we have to do well he's Monday night and now you got a grocery shopping and get a pick the kids are letting it and I got to work on a house here but I got to drive. It's it's like you're always working on top there's always a bill commended for something so. I think. It if I owned a second home on the cape. In less I knew darn well that my kids really want that home I think about the zone because I don't think you guys under the table deals are going to be and. Weird thing that you wanna see when a lot of kids and when a lot of kids inherit homes and they Solomon finding something in the fights about them and so I thought I was gonna have forced July week is enough. I Memorial Day you know here's our here's another number that I don't like as a relates to me home sales. First time homebuyers were only 31%. Yeah you exe that a dealer 35% pos. I'm really close to forty should really be given the the lack of homeownership among when you struck I think that number should be or should be close to thirty just to catch up yeah. You know I think what you are gonna end up is going to be to class. A millenniums. Is to be the mole annuals. That bought a home in 111213. Fourteen right and there are going to be the rich ones and then they get beat the millennial that bought a home in I don't know. 181920. Me. And yeah. EU you've kind of screwed. Oil thank you. Many people have and have a lot of debt. Right your so it's delaying your ability to purchase old at least you're focused on at least it it'll laudable. That aren't focused on. Some of my daughter's friends clueless just like to challenge them you know. Now there are in for a rude awakening on its they think you're doing well despite being able to pay their rent and make the student loan payment and add that the united ahead. Bright completely agree I admire what you did aid for those of you who don't know talkers our producer he's been here and three years one month to. And hey I remember your name for the last week or two and you yeah. What I would give it time I guess that is I just it would be a lot easier let's get to share a name and you'd be a lot easier but I would with Tucker did was he is. Moved in with his very generous. In them and he's banging away student loans and it is that we do and yet because it hasn't yet. God not again get a good chunk of savings are just a pre qualified. Me bang and land debt to dance yeses you know I savings and debt savings and that. Get it done the have you heard anything more on this whole Comcast. Fox deal I I heard this morning that and I figured out you and you have a little wager here that put the prediction board turnout and have a dollar wager. I'm gonna say Sunday night. And it will get the announcement sometime after 4 PM even that Comcast has made it counteroffer. To do is knees. Offer to purchase box. I think they will twos and now we have to go to what he think the price is going to be in. I'm innocent or is it offers 38 dollars a share. Which is 71 billion I'm gonna go with 75 billion eye catcher Comcast. Even wants it. I think he just wanna put the screws to do you go forty bucks share. I'd I'd say you do that. And then dues he's gonna have to come back in and put the nail this thing Disney has the blind side I don't think Disney has choice and I -- 42 dollars a share I think 41. Yes it just screwed extra. Talk about right on with I would go to forty dollars and fifty cents it Tucker might be right on with 42 actually it's kind of like a poker game like this Sunday night there's a minimum level of re raise that you have to do Sunday night. It would be the first thing we cover Monday morning on message Tuesday night. I would say Tuesday the better man and he always did the invested bankers work all weekend. The crunch in the numbers aren't valid same Tuesday night I I had tea I'd. I'd really worry about the eventual winner. Either Disney World contest by I'm not sure who wants debt holy smokes I was a bunch of numbers and it's I just. That your makes a lot of sense anyway. That's just my opinion about. Dow's down a 120 points wheels up five cents a barrel at 6576. Q&A sign up for that tag one event the phone number is 800. 3934001.