Jun 22, 2018|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the very Armstrong and show Oksana. Your 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 chunks. Good morning Friday June 20 seconds and that you got a ton of stories and a lot of guests coming through on the show today we've got updates from OPEC. We've got the Supreme Court ruling yesterday on sales tax or online retailers. And that we got updates on the fox slash Comcast and Disney who's gonna work out on that deal. Mike Armstrong Peter how tougher still believe in the studio today and let's just dive right in so OPEC. Really just in the last hour and a half announcing new. Increase in production limits on and on oil under increasing by a million barrels per day. So far though markets are are attracting. You don't see oil prices dropping right now. Knowing anytime you hear OPEC's say they're gonna do something you apply the OPEC discount and I think people better much better tea leaf readers that I say. This novel million barrel increase probably is more like 600000 in 2000. Barrels he's he forecast centers you know by the into the Euro of one point eight million barrel a day oh deficit in the market. All I know is less time I looked a few minutes ago ExxonMobil up two point 1% so clearly it's good news for ExxonMobil which. Means it's probably good for the stock market generally. Yeah I mean affect the matters it looks like most analysts were at least expecting this and now that's coming up that gap while they can produce up to a million barrels. It's probably gonna take them long time to ramp up. Not to mention I ran is you know a very big pieces one of the largest two races in the world. We've just. Slapped a whole new number of terrorists and you problems for them going to market their oil so they're not too excited about this. Oil prices up right now barrel of oil up two point 6% to dollar seventy per barrel. Sodium in spite of the fact that OPEC is really loosening restrictions here you concede that it's not having much of an impact and that's. It's it's inch things if you think about. 1520 years ago how this sort of news would have impacted due oil market you know when OPEC speaks to the entire oh yeah oil market would. Snapped pretty quickly and dad and and move one way or the other is just not the case anymore. Well I think a lot of people of caught on the fact that a lot of the OPEC nations are less to say an outlet cheaters and liars and he. You know they've babe make a deal in Vienna and then they go back home in cheat on it and you know the the ability of OPEC to rein in. So it's you know worst bad actor countries including Iran incredibly limited. Yep you know saudis and Iran constantly butt heads. They don't really agree on anything. Around was really disappointed that they didn't come out with a scathing statement about the United States in this whole meeting. So a lot of different things going on here but what it probably means for all of us is that. Oil prices are gonna keep on moving up in that some merlot as summer gas price certainly isn't coming down. Any time soon which brings us into our next story that our record 47 million people are expect to travel. For the US fourth of July holiday that is the record the highest number ever and so we have come up with a app poll question. You it's the poll question hop on to financial exchange showed dot com. Again this financial exchange showed dot com and quite simply will you be traveling for the fourth of July holiday I will be implant Indiana going out there on July 4 so your flying out the morning on July 4 plant the morning of July 4 had no idea what the airports and I would think they'd be worse on Tuesday but I don't really at pitches so what's going on in Indiana my dad this this aren't I've buying the my wife's family's all from midwest of days she grew up in Chicago suburbs and Indiana guys and so my god daughter lives in Bloomington where IU. So I not usually the deed vacation destination for most people look at these live to north Indiana but that's Robby Donnelly in Bloomington Indiana. A pitch of the airports be relatively quiet because I mean chuck is one new tool always. Freeze that he flies out on like Thanksgiving on Christmas is the airports for the most birther. Pretty empty. I hope so to be traveling with two kids and threatened wide. A net it would be really nice if it should be goes down there I don't know I don't know how well and you. Back at the keeper at some point. During that. Week like you Tucker I'm not traveling because everybody it comes to marsh field for the fourth of July is it's a great spot especially the 3 July. Unfortunately we have to deal with all of the summer Taurus coming in and clogging up all the roads and everything like that but no I'm not traveling. Nonetheless well on addict you know thus is not yet no way can I get over the green had a real. But for everybody for everybody going on and you know filling out the poll we considered the July 4 holiday to beef from the third. Through the eight. So if your if your answer your poll that's what were considered July 4 yeah. Travel period is our triple a as a servant ways do in this in the third to 40s47. Million I don't remember what it was for Thanksgiving travel the batteries. Bad news well above that but I'll tell you one thing I think it's starting earlier this year because when I'm going home after work and politeness at the Marshall it's awful on route three yeah it's awful I feel like everybody in and there's a lot of honesty plates. I'm traveling in that direction to circulate a lot of people herbs are in their vacations little early and Tripoli says. Coast 8% more air travelers big because of this accident the calendar that. The Independence Day on Wednesday so. Do you make it a Monday Tuesday Wednesday one weekender Wednesday Thursday Friday one weekend or. Somebody's trying to schedule work meanings next week is verdict until it's basically a nine day holiday weekend. Yeah pretty much know what's known to have just once every seven years you guys do this out Wednesday holiday and not a huge fan I completely change the July 4 holiday to a different data that kind of makes it did point out because that'll be good for us with the but. Three frustrates our get on on a financial exchange show fill out our poll. And let us know if you are traveling for the fourth of July holiday we also want to hear from you won the tax line of where you would be traveling so live featured Texas at 63566. If you never Texas form issue just put buried it yes firstly I think most via text it and yeah points that we should you never know though. Might be few stragglers out there and join the tax club drop Barry's name and all things are possibly thought that it. I I would average paid two different there. Doing. Going on a little bit apparently ABC is planning a spin off of Rosie and without rose. I like now I am I can't say that I was a huge. Fan of this show to begin with it. But I guess my guess they're looking at the same party sunken costs here we are spent millions of dollars acquiring this thing and rebooting it. We've paid all the actors let's find somebody can do it here. On a limb and say. This could be a totals we. Like so this show's going to be called the Connors. And you have to figure out how do you feel the effect of Rosa and is now and it's so. But that come up with something crazy like you know she gut. Run over by garbage truck word that's going to be something very abducted by aliens. The and they. You know senator the planet or talk so who knows this could be. A surprisingly entertaining show. Yeah hey it could be you know that they're facing a tough position where they. They clearly did a lot of Pratt and marketing on this thing and I got a lot of freedom or ratings are through the roof. Where they although Craig ratings they were yet they renew that's a pretty quick for season two. And then Roseanne went off on the panel Twitter or Rampage deepened yeah a little bit of the deep Denver exam but I feel bad for via the supporting cast there obviously. To watch John Goodman. Turner and the death. Exactly yeah hopefully I'll slow when he sykora big threats of a politician and that's it. The great role John Goodman it is we're gonna take a quick break when we come back and be joined by Ben Fox driven from CNET. Talking to us about the Supreme Court ruling yesterday that now makes its obligatory for on line retailers to collect sales tax. Pretty much across the nation will be right back from the financial exchange. Woman coming in show business and financial. It's it's the financial exchange with a very Armstrong and chuck Zahn on the financial exchange radio network. Hi this is Todd let's keep a partner to law firm of crushing and on and host of the legal exchange radio show planning for later in life is a definite challenge 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 law state planning and asset protection and this month we've got a brand new guide out called. 8668485699. That's 8668485699. You can also download it right now by logging on to 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 illegally change 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 that all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ 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 land border 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 branch gets signed paperwork and their small dollars and and he turned. And it's likely to complaints in Massachusetts really tough for landlords and security deposit accounts. You have to give them ten in certain forms when they open up the count and you have to pay interest and you. And we should do all this canal through Z deposit all of that you can do Thursday deposit it literally takes about forty seconds opened up an account. We handled the automatic forms that are generated the account number department condition statement all that since the tenant. And the interest descent to the tenant. Automatically every year. This sounds like something it's going to be very valuable to large landlords it might have 200 tenants and small landlords that might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to manage it's that 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 up 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 you might wanna learn more about 7816418691. Securities offered to securities America Inca 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 text club tell us what you think 24/7. Right here on the financial exchange radio network. And welcome back to Van Halen lack in finances and Peter and Michael Armstrong and protect him very today. And we also on the line Ben Fox Ruben from CNET who has a new story today on the Supreme Court ruling. That means you'll have to pay a state sales tax if give a state sales tax on everything you buy. On line Ben thanks for joining us. So obviously Amazon already collects sales tax in every state. This has won. Is the practical impact of this in terms of how many more online purchases people fine. The ending for 7% 6% 5% a 100%. For sales tax. I would expect a why don't even know Amazon. Collect all packed verdict direct sales. It has an entire marketplace and that that accounts for about 50% of the sale. And all those sales will now. He impacted by the Supreme Court decision though if you're buying from random mom and pop. In front and no that would they're probably have to start collecting sales. And it just simply charge you what what the cost of the height of it. Raid in Justice Kennedy who wrote the majority opinion. Estimates something like 500 billion dollars worth of a across the entire country on mine seals so. You know pick at number 5% of minutes 25 billion of new money for states all across the country. Yeah it actually depends which lawyers on what I talked to about that our school where yesterday that argued back. This is not a tax. On the the particular. Retailers to attack on the consumer and tumors are actually supposed to be paying the bills taxes but let's say. The god forbid I ever actually does something like this bright side but they are part. But for an Amazon marketplace dollar or fifty dollars under the host Q8 New Jersey where I would. The sales tax on it by did not. Then it directly to the retailer. So. What exactly that in the meeting that retailers that could actually caused that you. Have to figure out you hire is due process of all different sales tax requirement that upper upper all sorts of different it's about them that they sells well. Well I mean I was gonna say yes 45 states collect. Statewide sales tax this year none of them to my knowledge are exactly the same in terms of what they're applied to and what their rates are. Sure and Amazon can figure this out Abu I mean how difficult is it for your mom and pop online retailer Ted nude determined. The 45 different rates of sales tax and send those payments this state. It may be optional. Difficult and try to figure out back elections will be buried art there are really will be available quite yet we expect the tools would be available. They might have to Q up or on an accountant but they didn't eat that apple where they are not super warrior but the did not work. Not only which I have to figure out with a different they'll act straight start but you are. Route whether a particular type of weather clothing into your god knows like. Would actually acquire. They'll pack so. Even though it's it there was there's no art to. Either side in this court decision whether he feels taxes were justified the collect it. The actual chain goal for which happening or is pretty court decision could create a lot of problems. A smaller businesses. But let's let's say I'm a you know small moment top pop shop under selling my stuff on Etsy. Who's gonna handle this. Who's gonna handle the sales tax collection that cases at sea handling at Hermione responsible for instance on the cellar. He made this decision was stone knew that it really hard to answer that question is it possible that that he might eventually step and say hey we're gonna help our smaller sellers. Handle this type of situation. In the meantime. Small sellers might have to spend for the belt that occurred out the good news the smallest those now is that there is. A significant rational there is a significant amount of commerce and done with any particular state where special to be back with optical which was the ball. The court decision about the code hospital equipment where it had to do. 100000 dollars bail for the state where 200 peppered transaction and others include the not that hard and fast rules that. Typically in the eighth but that they do need some sort of rational. Actually figure out. Where it whether you have to start collecting sales tax but what they caught. Well one thing here. Not have to sparkle they'll pack them. Then what question am I ask you about we are the financial exchange now at the political exchange but fascinating to see. The five justices who form the majority here Clarence Thomas. Ruth Bader Ginsburg Samuel Alito. Or sick Kennedy. I have we ever seen those five judges together or and can you ever think of a case where. Roberts Breyer Sotomayor and Kagan were the minority dissent and. No I'm not. Art course Supreme Court watcher. I'd even I would really view that. It. Directed not all want to wreck regular ideological. Outbreak. We anticipate. My initial impression lies maybe this is the needy needy. They'll accident and acts are not the impact of hot button issues some of the other culture war issues like being urged that have come. For the court maybe that's why they worked out differently by. The thing and desperately a lot to age right. So it is bad and it was pretty obvious from oral argument that. Court justices really struggling to try to figure out what you what the situation because. It was pretty clear that consumers were not standing body for the state that they don't use that money was supposed to be collected. And are trying to figure out what the best way to actually in the list because. We're in effect creating a giant loophole that Internet retailers are people that take advantage. Yeah and chief Justice Roberts his point this is a decision. In a normal Eric congress would have moved to fix this from homer the other it shouldn't be up to five justices of the Supreme Court took two X effectively set. National sales tax policy. Right and at the same aren't yet Robert specifically that this is not open court should be deciding that the could be destructive. They Internet retailer that something that congress should be and not court. The other thing that's also really think about that at bat he goes. Correctly get completely decisions on the record went for fifty years ago went from 1990 do. And the court in the majority opinion for Ike couldn't be specifically that but those were incorrect decision should not on the first place the entire right yet that we are about speed. Report indeed we don't collect our our our. On which that's what that's what makes this fall which are bat and they are growing out of yours where the president the record or else. Fascinating note UBU mailed it and then factor urban. Great story that we can finance CNET Supreme Court sales tax ruling will hit you were online shopping bill thanks much for making time to tackle this or in the financial exchange them. I. Yeah it is is I mean it's a fascinating course of events not only how they voted but you know they are overturning in 1992. Ruling. But the thing about online sales back in 92 movies pretty much nonexistent at that point. And pig vis the other big question is you who is gonna do well here and who's gonna do poorly there's so many different new wants pieces that need to be figured out. He's talking about that that's different threshold the different sellers may or may not be subject just you know collecting state tax well. To hit that threshold because I'm an Etsy seller and antsy at those thresholds. A lot of new ones that need to be figured out. If I were there's a there's historian CNBC this morning. Amazon's price in the best possible place to deal with the Supreme Court ruling if you compare them to every other online retailer out there. How in all these small retailers Dick can just default to having Amazon and self three Amazon they'll worry about the sales tax collection and it's just. Through one more proof that it's in a sense world we're living in it and no matter what happens in this time wins. I mean you know there were a lot of people yesterday yourself those oh well I mean Amazon accounts for 44% of e-commerce sales. But the most well prepared to deal with the with the entire. New situations happening here. Lot more so be figured out at the very least though you think about the damage that's been done to brick and mortar retail shops across the country the last decade. Because the sales tax issue at times that you wanted to restore looked for an item. On the price shop did an opponent said that apparently some avoid the the sales tax and has ordered. Show Werman. I'm guilty but there epic real record. I don't do that. I support retailers. And I do not have an Amazon Apple iPhone. That is that is able to say hi Tucker I've I've senior I don't know that you're from ams on August. Stroke. At the small small retailers that operate their own web site right now I think now a lot of them are going to be unable to comply with this I think there's going to be the big shape up shakeup on those smaller and retailers in Yugo and by some small good from. Company in Indian that's just selling on their own website and doesn't just pay with names on Etsy. Does the ones. I will be right back Wall Street watched coming up and then Adam Johnson from bull's eye briefed talk to us about what's going on the economy in the markets today. Keep us. Like there's something. What was on Twitter. Show breaking business news is always burst 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. All easy plumbing. Easy makes it easy they're 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 7818621190. 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. If you're 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 -- 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 -- -- technology tell them the coldest he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Net state -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- -- mystifying trust that will offer -- -- roadmap as to the different types of trust that exist and help you figure out which type is right for you and your fans do you need to revoke a -- -- irrevocable trust and what's the difference between the two should you consider a special needs trust or life insurance trust one of the tax implications of each type of trust my new guide we'll answer these questions and more so called right now to request this free guide at 8668485699. That's 8668485699. You can also download it right now by logging 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 -- -- -- my new free -- did mystifying -- at 8668485699. Or get it right now it legal exchange showed dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance disk 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 step ahead. 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Time now for mostly watch a look at the market's performance so far today until Berrian jock right here on the financial exchange radio network. This segment financial exchanges brought you by leader bank of. Leaders do rewards account or an absurdly high interest rates get 1% cash back or debit purchases an extra 10% back when you use your current feature businesses to qualify for these in other words co leader bank at 877691. 7900 that's 8776917900. Customers must meet eligibility requirements to receives it rewards contact your bank for complete details. Member FDIC. Taking a look at markets right now we've got CarMax moving big time up nearly 12% airport and earnings. Much first quarter results revenue rose by five and a half percent to nearly four point eight billion to which reached far expectations. What investors are looking for net income jumped 13%. And that pretty stirrings of bad dollar 33 per share. In spite of what has been a general slowdown and used car sales CarMax clearly. Knock him park on the other hand we have about software company Red Hat. Down over 12% this point twenty dollars per share. On there reported earnings. Adjusted quarterly profit of 72 cents a share which was above estimates. And their revenue beat forecasts for its current quarter and full year guidance are well short of analysts' expectations. Mainly due to the strengthening dollars what they're having trouble with. And taking a look at you know getting an update on the bidding war for Fox News now where things stand right now. Twice it will 21 century fox the whole company and fascinating story in the Wall Street Journal. They've racially B ram Chandra and and teach Haiti two titans rocky relationship. Stands between Comcast and fox. And that take away I can save you about twenty minutes it's actually read this entire endless he. Rupert Murdoch allegedly is ticked after Brian Roberts the CEO of Comcast. Because Comcast dropped the Yankees network. And he says double crossed them a few years back remembered equitably gently. Rather sell 21 century fox to Disney they've had their bidding war between Disney. In NBC. I don't know but you might but I get to the end of this and they said Rupert is playing head games would Brian Roberts big time. Yeah I mean it seems like that and we're talking about multi 1000000010. Of billions of dollars worth of head games that they're playing with the each other right now it's pretty fascinating that you would let. I mean I suppose when your worth billions of dollars you just can do this by you know you're letting. Pasts feud where you fell accurate slightly you know betrayed. Get in the way of they have beaten the best deal for your company and maybe the best deal for the company's Disney anyway. But that this paints a pretty dramatic story here. Well you know the initial bid from Disney came in 52 billion. Which actually was you know a under the 64 billion 65 billion. Are for Comcast. That disease combat with 71000000004. Twice for century fox and the various assets. I do think you're right that the idea that kind of personal peak would. Died. Who you decide to sell to at the end of the day. You know we've seen it happen. My conclusion is Rupert Murdoch and get regret. Without learning how to squeeze every last dollar out of people when you know make you when trying to do deals. So. Either way you know to try for century fox and make is is. Such a tremendous collection of properties in programming. News movies. It's going to be great prize for Disney Warner country. Do you think one of them fits it better and you're talking about you know the sports assets for instance that that that fox has you know they have all these different local sports channels Fox Sports Net. Disney obviously has ESPN. Comcast obviously has NBC sports. Lot of synergies rather competent trying to trying to figure out where. Fox really the toy for century fox really fits better news opinion. I would say actually probably. Start sub dividing I mean them to meet the optimal outcome would be one of these two companies gets it and then. They start Wheeling and dealing and the child so you know some sports pieces of movie studio pieces. News pieces etc. and just that it's. It's so big and you know potentially. At some point in certain areas and I NC people talk a lot about the idea of antitrust concerns or. Mandated divestitures but you're concentrating a lot of programming power in one company. When you are mean Disney really needs content at this point they are they at Disney has taken the approach that they are not going to start pushing their content that Netflix or Amazon prime. They're building their own network man for them to you know grab up all these 21 century fox that that's the Simpsons in all the shows that they put together over all the movies we've put together. Now be a pretty big yet for for Disney but then again I mean Comcast obviously had network already in place to push on this continent that Jews are pretty used them. Could be. Obviously going to be huge deal whoever ends up taking it. A watch or grab a pen that we are we're hosting Penn and pay for hosting a advent coming up I'll tell you about it. This is stock market has been very unpredictable and because of that you know you always need to repair the future we have a great event that will be hosting on Wednesday June 27. That's next week at crest you country club and tag one Massachusetts. It is special broadcast of the financial exchange followed by an educational lunch with the Armstrong advisory group. We'll be talking about strategies strategies to help you become a smarter investors seek and save more money as well as how to properly plan. For your retirement and how to protect your assets from the high cost of nursing. We do these events on a quarterly basis some of you probably taken purpose foresee you know the drill. Space is very limited here it's next Wednesday it we've only got a few spots laps so please give us a call soon if you wanna reserve your spot. The phone numbers 80393. 4001. Let me say that again 800. 3934001. And again it's June 27. At the crest you country club snag one Massachusetts Kress you offers corporate golf and social memberships and it's a great spot to hold your net special function. Call 4137862593. Or visit crest view country club is cease pressed UCC dot org for more information and again. The number to reserve your seat is 803934001. Have you heard of. The service called movie pass Peter. I have which I would love to have enough mileage that I could take advantage of movie pass there does Barry has found enough time in his life to take advantage of movie pass and he has no kids wouldn't on these these really relishing. This opportunity but for anyone that's not aware that movie passes this subscription based service. You pay a 995 a month and for that cost you get one movie today in most movie theaters nationwide. Which if you go to the movies it's kind of an over 31 movie news in the month of July or August rate I mean 128 of a more complete garbage. But the only paid ten bucks. How what collision Acosta go to the movies these days. Not count gets 1414. By ish as they're charging ten bucks a month. There's this company by the way is losing money hand over it there is verging. On line. I won't say bankruptcy but they're having fun you know find more funds NGOs see where they go for additional funding now AMC's coming out there. Discount her to a movie pass pretty much they are but it's twice the price twenty bucks a month three through the movies through three movies a week twenty bucks a month or movies a week. Three movies a week Erica yes so not as much as you're getting your movie pass I think what they're banking on here. Is that movie passes gonna have to Jack up their prices next college next few months it enters the pay more get less with a AMC. I mean right like I don't I don't see I try to envision a scenario where you would do this. And lasts maybe you know I'd I don't know movie pass well enough to say that bail out all of the AMC theaters with in there subscriptions or maybe a year. Very close to one the and it's not included. Layered goes the games him want to assist MC and as a grueling movie pass by the lake is I want to see how many move region actually get. A CA headlines as movie pass will start to surge prices for popular movies in July. NATO and that is he so that could be the slow and steady death that company. I were to take a quick break when we come back Adam Johnson from bullseye brief is gonna bring us up to speed on what's going on the market. These days as well as the economy. We'll be right back from the financial exchange. You worked hard to make your money. This is the show they can teach you how to make your money but more clearly do it's a financial exchange with Barry Armstrong and chuck saga on the financial exchange. 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 ankle while 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 investor 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 -- 1803934001. That's 803934001. Securities offered to do is American corporate members in SIPC advisory service is our securities America advisors incorporated Jerry Armstrong representative Armstrong advisory group the securities and our companies are unaffiliated. Hi this is Barry 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 automate 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 Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them on line and Z deposit. Dot net member FDIC leader bank step ahead hi this is very Armstrong in I'm joined by estate planning attorney potluck ski from the law firm Cushing 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 passed away yeah and that's a wonderful thing about trust to so many people get tied up with taxes and probate and you know what. They do a lot after your dad. Never mind rate while you're living in this is one of them so the answer is absolutely yes. You can protect assets from future divorces of your children and and not even just divorces. Any creditor can think of a financial problem just a wanna help 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 etc. but they appoint an independent trustee. Who decides when distributions can come out to the child if anyone at their siblings know they should be an accountant or an attorney and they can remove and replace pulled it really the boss they don't get stuck with a you know some crazy attorney gets in there that that doesn't wanna give out assets. And it's got sold discretionary distribution that protects it from any divorce when they come knock in looking for money when wanna get divorced and the state. Many experts at Cushing and dole and have been helping families like yours for more than thirty years and they Britain a brand new guide called. Dean mystifying trusts called now for your free copy of this comprehensive guide though will. Help you determine what kind of trust is right for you and your family. 8668485699. Or legal exchange showed dot com 8668485699. Stay on top of breaking financial news by becoming a member of the carries brigade. Log on to financial exchange dot com and sign up today. We're joined now by Adam Johnson from bulls ivory dot com. It. Adam you know we we hear how the markets moving up a little bit today Dow's up about a 115 points as we stand right now it's following an eight day slip. Mainly people are pointing at the at the trade tariffs of China and obviously market's getting a little bit nervous about that what's your take on this you know how long are we looking at these are we wouldn't be an escalation of the next few months or. Oprah all might Peter and there are at any you know I AM the ultimate optimist. Despite the Specter of the city where are everywhere though he's grumpier parking or. I think that this. Create that. And an achievement we're currently I think it'll look at battle oh you're. At every turn that there and wiggle room. There is carved out by both sides. You know you look at the most recent escalation where. China respondent in you let. There but actually. It is dark at that many good at all about Byrd B amount. And it paid well we tried it won't necessarily. You know make them effective until July there. And now we find out courtesy of Bloomberg in the Wall Street Journal this morning but it looks like they're some back channel discussions happening. Between the truck administration. And president and chief opposite trying so I really cute but at all when they wanna get that thing that'll ballots is part of the question of it. How to beat by city state and I think that's really what they are bigger. So I mean you were really just looking at a lot of Saber rattling and trying to go back to our constituents and you know follow up and say hey we sever and do something on China Reid did something on China. But I know it sounds so good but there and I don't know he'll always saying it and yet I think that honestly is what. You know what's going on you look at. Be. The current rally in Duluth Minnesota that happened a couple of days ago you know the band across the top. Very plainly as. Promises made promises. And now. You know I think that's what the truck administration is trying to do with trying to. Knowing full well that. You you can't just be completely unilateral at all that I think China is the largest buyer US debt but there is there a sister an element of great pro quo. But bureaucracy mr. trump knew what he does. Is it MO NE six people at a point of maximum pain in order to. Try you would get from them the most that he possibly and and then to get gravity and the middle you know he certainly our network Korea quote quote my partner is bigger than your -- Kerry should you know. In Europe you know brought the two are together. I continue to think if there's going to be something happened that. He can get look at shares of panic PI and a piece that we conduct is being bought by Qualcomm. Eight country departed approve it which are leading on trying to. And the beauty transaction is 427. Dollars there are trade right now they are. It could be aware of all true it probably going to set the fire adopt a long compatible I don't achieve. Because through it if the Chinese regulators as the past it is automatically goes. There instantly I mean it'll it'll quote within forty hour. But the fact of the early trading at fourteen dollar is now openly that they are not people out their big if but it could happen. Because there will still be a US trying to deal that you know effective means that it be Obama or not. If it ever get your take on the news out of OPEC about potentially million more barrels of oil come and under the market. What do you think the impact will be of that on stocks in the economy generally. Bicker bicker order that the weirdest thing that I look at my screen this morning and you know. I would originally to think getting an early in the that you guys have been talking points at you know. So excited to come on the show that are and then you know they look at it did turn the at all with that apparently an overwhelmed. There here we are I am shocked. Frankly that oil and that people will name or at some of them really out ER. Or a separate and I mean these guys and it may but he's three years it'd be you know because there's just no longer profitable to draw or what you know so much oil shales on short. The fact that oil that with the other million barrel on the market is just debate debate but it all that get to this notion that. Guy is low line oil they much prefer to try to push oil higher than two shortage in pushing lower. I'm a former world trader at the trading get you'll remember years or object going into the gulf war the first Quebec in the early nineties. And it get it one of these weird things guys load being wrong. And you know the technical currently develop and decrease defense is you know that they are excited about being blah blah blah. Oil trade very technically but if you look at fundamental supply demand the world is awash in oil. You could find another two and a half. Billion barrels per day of supply. Juba which in OPEC at it there Russia and that is that shale. And European lat and the number goes probably that three or four but the fact that they're bringing on it a million is is not a surprise that surprises that'll. Is the fact of the matter that OPEC just is becoming more and more irrelevant in the and the price of oil discussions in the trading of oil. It's what I call it Boca. And creek creek. You know like I have but that but yet exactly it. He hit the nail on the head you don't need me they're becoming a lot less relevant you know we we cracked the code on oil supply your country. I hope so. That spirit now so much oil in the Permian Basin which is an area east accuse them only a couple of hundred while. That the discount at Permian oil vs Cushing Oklahoma futures delivery oil. Is in some cases. Thirty box. I mean it's shocking I mean they get. They don't have enough storage capacity that are leaving me all over the ground because that they bring about a game in an addict I mean it is. It is. Avarice or leave it there are probably have a great weekend thanks for coming on really appreciate it's again Adam Johnson from bull's eye briefed dot com. Oh. Yeah I mean he's kind of confirming some of our own thoughts about the price of whale but it is it's. He brings an interest in perspective as a former oil trader. You shouldn't have the price of oil going up nearly two percentage points on a day where OPEC's increasing production by a million barrels today it's. You talk about. Just. Exacerbating an issue and not really paying attention to the fundamentals. We are flooded there's there's plenty of supply but the price creeping up and up and he's he's pointing it at the individual traders I don't know if that's right or wrong about it. It should be coming down today and it's not. Which is very net I think you're at that point he has no OPEC line you know it it could be that and what you're seeing is just. Zero credibility of what OPEC says or faith that OPEC really can influence. A world where you know thanks to Texas North Dakota. We are as you say awash in oil yeah. Yeah its its British and to be fair to I mean obviously demand is way up global economy is doing quite well. US economy demand for oil is is way up over the last couple of years and that's. Certainly apiece and it's so. Who knows exactly what's moving the price of oil of their ton of people that are betting on it one where another at any given point in time. Let's check in on the markets real quick taking a look what we're talking about with the oil markets price of oil now op. A barrel of oil is now up two dollars and 25 cents three and a half percent Brent up a little bit less than that. US markets right now the Dow Jones up a 119 points one half of 1%. S&P 500 up. Seven and a half points about a quarter of 1% and the NASDAQ actually down this morning 26 and a half points 13 of 1%. Take a look at the bond markets. Treasuries. Up yield about two point 9% and the ten year to all the time we have this first hour of the financial exchange. We will be check in with did check in with in just few minutes. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS them. Or 449250. Subject to credit approval leader bank a step ahead. If you're close to retirement age in our interest to do and annuities to add to your portfolio called the Armstrong advisory group to get their free guide to the truth about annuities you'll have many choices but there are risks associated with each purchase call now 803934001. That's 803934001. Or download the guide right now what financial exchange showed dot com securities are protestors America incorporated member 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 aren't affiliated guarantees are based on the claims paying ability of the insurer. State -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- -- -- trust that will offer -- road -- as to the different types of trust that exist and help you figure out which type is right for you and your -- do you need to revoke a -- -- -- irrevocable trust and what's the difference between the -- should you consider -- special -- trust -- life insurance -- one of the tax implications of -- type of trust my -- -- -- answer these questions and more so -- right -- to request this free -- at 8668485699. That's 8668485699. You can also download it right now by logging -- legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home -- at the same -- call now for my new free -- -- -- -- at 8668485699. Or get it right -- it legal exchange -- dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691781641. 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 a president of four main buckets. If 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 them whereas an indexed annuity you have no potential for a loss. But you have limited upside potential is well in a fixed annuity is probably most similar to what we see with they CDS certificate of deposits except it's not FDIC insured and absolutely correct usually the terms are a little bit longer than a traditional CD use it won't see for instance a six month fixed annuity that you're 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 all you have to do is call our office directly at 800. 393. 4001. Or you can go over to our strong advisory dot com and downloaded for free once again that number is 80393. 4001. Securities offered through securities America incorporated membership in Ressa PC and advisory services are printer securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group in the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense give leader banker 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 bank. A step ahead hi this is very Armstrong and like Q I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients I'm a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there 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. -- suffrage history America incorporated a person recipe -- an advisory services are protestors American -- incorporated Barry Armstrong representative -- advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer time for bank the pays you would liter maximum reward accounts can 1% cash back with debit purchases and an extra 10% back when you user carted featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917. -- 900 or visit leader bank dot com minimum to open and -- annual percentage yield ten dollars mass residents only these 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 streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to attendance -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank step ahead. This is the financial exchange with Barry Armstrong in 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 Barry Armstrong and sharks done us. Go to back to financial exchange Mike Armstrong Peter how old tiger still play studio with you today and here I wanna just then and there to going back to the east oil story on OPEC and oil. OPEC this morning releasing news that they are increasing the number of sales barrels per day by a million. Barrels. New oil coming into the market. Probably not gonna hit that new million dollar a barrel mark right away is him country need to amp up. But nonetheless the oil market reacting. Pretty strangely this morning with oil prices up. Two dollars and 35 cents a barrel three and a half percent increase in the price of oil brand tepid dollar 52%. And it just appears that OPEC really having very little in the way of influencing the price of oil these days. Absolutely and I think people looking at the broader macro trends strength of the economy. Says the price of oil is essentially. A barometer of border people think is which direction is the global economy going in and how well our China India other developing nations doing turning people into middle class consumers and you look at those trends. Those are what drive up the price of oil. Overtime and not to bash OPEC too much but. It's an organization that definitely has a battery pack it's got its credibility issues as as an organization and it's got a lot of known. Lying and cheating. Weasels as members who say one thing in Vienna and then go do something else in the gulf or elsewhere in the world. That they do. Changing directions quite considerably to a company that really has nothing to do with oil Tesla announced. This today if they're going to be closing solar facilities in nine states remember that Tesla acquired solar city dad was that five years ago two years ago. Pretty controversial deal they paid two point six billion dollars for the solar city company which was struggling a little bit. To view on mosques cousins were heading solar city for anyone that forgets about this deal it was pretty shady looking on the surface fail out. Hey yeah exactly and you know now tests that seems to be paying the price a little bit. Their stock by the way is down about 3% this morning. Their really have still the most heavily shorted stock in the world I think Tesla I believe a lot of people are lining up to bet against Elon Musk they are you know it's been a really really rocky twelve months for tests in take a look at Bear's stock price this time last year they're treating it 38261. There currently trading at 337. They've gone down as low as 250. 252. So we have very very rocky road for this company last twelve Felix. I feel like you lawns had an awkward 2018. So far too you have a whole April Fool's Day tweet frank saying and then he got into its half with the press on a earnings call and Jews only fielding questions from some 23 year old. You know from unknown web site pretty much the end you know the whole thing with this employee colonize its just been weird for you on. It is and you. Tesla is very much a CEO driven company you know there are some and CEOs can operate behind the screen and just let the company do the speaking that is not the case with Tesla deal on muskie very much puts himself out there. It's been alerted the success of tests Avery we can't we can't discount that mean he is day. Magnetic CEO that draws investors. Butts. They've been really really facing cost issues over the last 1218 months. Really trying to hit their production numbers on the new Tesla model three and in falling short. Does that get in there and we should point out the solar city. The subsidiary. To the offices at the installation offices are going to be closed on our in our listening area New Hampshire and Connecticut and hopefully you know it's a robust. Economy. A great job market hopefully people. In Connecticut New Hampshire affected by the shut down. Are quickly land and feed elsewhere but. One of the numbers you look at first quarter this year Tesla installed 76 megawatts total of solar systems. If you look at what's solar city was doing the same quarter injury in 2016200. Megawatts so. And you lines watch solar city installations of dropped 62%. Over the last two years and it's also an incredibly complicated. Regulatory driven market I can bore you to death talking about net meter in camps but there are. On these government policies rebates camps credits that affect. The actual price and demand for solar it's a tough area player. It is and while you have seen to my knowledge of these you've seen overall the government to impact mean subsidies for homeowners to put these new panels and have been decreasing in the last few years. It cost themselves the solar panels has also been decreasing pretty rapidly. And so in spite of the government subsidies going down the cost the panels themselves have been dropping the installations in stainless payment. This than falling sales a solar city's been experiencing there are varies substantially yours you're seeing these cuts happening. At a time when. Tesla could really use a little bit cash flow from there the business units upon what page in there high schools here producing new cars. In update on the the Hoover crash that happened Helen good has happened to the crash that. Go well this wasn't the out of this is the Tempe says is not march break. And bruises along the dash video yet all of this the same. Is different more is the one in Tempe and issues on our phone. Yeah it turns out choose their own streaming whose. Yeah she's watching the voice shoes would you don't need to watch by the way because it's called the voice you hear it you can listen to deploy its. To singing competition. Yeah. The judges are literally don't watch the singer's. The back at it. The chairs and I don't know she's an app to be Washington's. Susan what's her face from Scotland one bill that's lawless action at the X-Factor are simple as like Simon Cowell show me these terrible defense used ala is I had this idol watcher but this plane album out there he seems to know a lot. Yeah yeah I agree just read the recaps every day and Gloria deep in the reach us. I mean the police have looked at this crash though is say is deemed entirely avoidable if the driver have been paying attention on it and just. Continued bad news trooper on the self driving car front Google seems to be really really pulling away division. Separate story here trump proposing combining the workforce training and welfare programs and the whole agency revamped. Basically taking you know a lot a look at a whole bunch of different government agencies trying to put them together. Along with that you would likely have some pretty substantial costs here which is why it's getting. Really unlikely to move through congress both from the right in the left kind of pushing back on this in what's awesome is. Even in bureaucratic reorganizing. Trump is trolling people so you take the education departments and Labor Department. And serving giant screw you to organized labor that department becomes known as the department of education and though workforce. It no more reference to waver and then you take. All the different. Government. Cash assistance food stamps public welfare. Programs nine the of them across all. Kinds of different firms including US Department of Agriculture. Is the major source him or snap and then a lot of cash assistance from food those all get rolled into a new department of health and public welfare. And the theory here is once you put the word welfare in the name and agency. Ever problem wants to cut its budget so I don't. I think you're exactly right doesn't go to worm election year. It's funny how many rock solid conservative. Republican congressman suddenly don't like it when they lose oversight of the department or. A merger effects. Staffers in their district so to wash it shake up in tea election year doesn't help things that correct you know launch up proposal but it stinks during the fight. When we come back and be joined by John Herman from the New York Times you talk to us about eBay and how they've really shaped steel entire Internet retail markets over the last decade in going forward. I will be right back from the financial exchange. And include. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange rate you'll never. Work in an unpredictable stock market you should always be prepared for the future hi this is very Armstrong -- -- and chuck is not on Wednesday June 27 at the crest EU country club in ankle warm for special broadcast of the financial exchange followed by an educational lunch with the Armstrong advisory group will be talking about strategies to help you become a smarter investors seek and save more money will also talk about how to properly plan for your retirement and how to protect your assets from the high cost of nursing homes to reserve your spot please call 803934001. That's 803934001. Space is limited so call now and join the Armstrong advisory group and news radio 560 W eight try and on Wednesday June 27 at the crest view country club in tag along the 803934001. That's 803934001. Security's efforts to American corporate members and as a PC advisory services are with the securities America advisors incorporated Jerry Armstrong representative Armstrong advisory group mr. commissioner to 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 reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Obama called this 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. 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 know 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 803934001. Or you can download the guide right now at Armstrong advisory dot com. Securities are two students are incorporated a perfect recipe seen advisory services are protestors American by just incorporated Barry Armstrong representative advisory group security circuit companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Hi this is very are strong -- -- your landlord or property manager I'm sure you've heard me talk about -- rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z de posit 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 -- deposit also automate many of the compliance headaches for landlords such as generating help disclosure forms and even send out. 78164186. And 91 that's 716. 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 Doug John. Vote your conscience and Aaron just vote go to financial exchange oh does come in castaway. Welcome back to the financial exchange Peter Howell and Mike Armstrong we have John Herrmann technology reporter for the New York Times. On the line John thanks for joining us there are fascinating piece wanna understand what ails the modern Internet look at eBay and I'll just read two sentences for listeners. Perhaps more than any other tech chain of its era excluding Amazon. EBay has shaped the tech industry of 28 team eBay's influence can be felt in both trivial and fundamental ways in companies like FaceBook Google and who were. Fascinating hypothesis John tell us more about what you mean by that. That don't who have irked because it out of you you to forget about even now it is not trying to buy her belt banker at a regular user out of a company that went into the background to be in it but they were and the bond. Adopt it now. But it's the earth. One of the first companies really like perfect beat. Brought that the united. Big different group of people buyers sellers. And have managed their relationship to work out. Like well cover well oiled but a more basically running a modern and and we might not think of it but the Ruble and a and who bird Twitter as. The bank kind of platform but people record companies. Are drawing from what the that was by the first big. Ole. In this whole concept of users reading other users saying talkers are great guy Peters a jerk don't do business with them. Is that something EBA in your view can really claim to have invented or where they've really. The people who took that idea and and most successfully. Launched it and meted a model that now is you know the everywhere Wilbur and their world. They certainly didn't invent that method of dealing with with the users on line with service on line but third the most visible example pan the people who really after a bit at bill but you've got billions of people using each day. And they're using a rating system. You like make sure that the system worked there obviously registered there that are happy at Orkut and went back and the seller. But more than that federal sort of in it together they're saying we need is the may eat it worked but that we I think the topic. But the we all the other. And that at a very bored in really obvious way up like hamburger I burglary editor. There is like the abrupt where. Harper editor or something like air being could be but similar mechanism that idea of the point users. On other other. And a felony father or or. You know. Couple of running that about elsewhere do that is all well I'll I'll be like littered Red Bull problem. Or they. Great and his offense and indeed appoint the including your story. If 2017 more merchandise changed hands over the eBay platform than in any earlier years that shocked me because I pay. When I saw that this is about eBay I think of eBay is kind of a five years ago ten years ago. Company did you know more Amazon roadkill. But. That's fascinating that bigger overall business continues to go up. Yeah you know that this visit. Again Europe uttered booted because it is that we it is murder occurred even now with all the other. But ultimately be a change. It in in subtle way over the years and that. But kind of turned it did enter the site auctions are have been a popular premier Kurt. At least a decade. Meanwhile Amazon has been relying very heavily on. Wonderful market but it colored people who who are actually Bellic through Amazon credit good. Well though it to become a little bit more like Emma on a year. You were auction. More the right sellers. You know it it's become that displays the people picked up or more of our world. Though that that other matters is that only about. But it also. You know. It coincided with the you know at the but it euphemistically. A law that. And having PayPal as part of the operation. It's fascinating to see that PayPal. Feels like the the pipe from the won't die. You know all I mean here recently on outfit out there about any history of how you do it picked it up after a deep down. And now. You know they are part of Weydedat. But. You know if that you really look at it and added that it would be what the content area you deterrent it would work out if it is not our early. To hear it but more about how it is our legacy is very board all our Internet he waited that are out there. So we set aside miner earlier this week it's in the Sunday New York Times magazine. It one of the great pleasures of life is really in the Sunday New York Times. On a hammock on a Sunday afternoon John Herman thanks so much for this fascinating story will look for to seen an imprint of re burn it on mine but. Great work and thank you for joining some financial change. There. Lot of connections I wouldn't of yeah drone knew where did the Hoover reading them from them how they rate me is rider and everything I guess that was. Largely evasion close it brings to mind the old National Rifle Association. Saying that an armed society is a polite society and social. Social network ratings are. He very good way to ensure people stay polite polite society. Fair enough. Renews and trivia so while listen up get rated text in folks to remind you Tucker how can people text and answer trivia question the up the best way to answered her questions by texting 63566. And again a pitcher first time. Texting the show you have to you text the word vary from student number 63566. Him what to do dagger in the club so that's the best. So we add the Korean War began sixty years ago this weekend will be asking questions about the war and it's Friday so many negative. A little bit of a softball questions of people out here today so in what year. Did an armistice ended the Korean War again what you're in horses and the Korean War and our trivia contest has brought you by Arnold's lobster and clam bar located on US route six in east in Massachusetts. Arnold has a great selection including lobster rolls award winning fried clams and terrific onion rings and their league Jeff Susie has won the Cape Cod stuff clam contest for the third year in a row. Call 50 wait 255257. Fibers visit them online at Arnold's restaurant dot com. For more information week you'd miss the most important part might tweet that we need the number to text or number for the winner. I don't write out we're doing the eight correct answer is getting the guys gained fifty dollar gets hot Arnold's lips lobster bars it's not the first text or Hillary. Texting in what year. Did an armistice and the Korean War. And he gets Susie stuffed clamped down you are at their own name and number eight and taking a look at to. AAA were awarded sailor 47 million people traveling with the settlement which are the records insane yeah. That's going to aim but Parse poll question today is simply. Will you be traveling for the July 4 holiday in you can cash or vote. At financial exchange showed dot com if you haven't done so already damaged too quick refresher. 70%. Of our audience is no better voted no doubt they will not be traveling. For the July 4 holiday. Did get a couple of text in the 63566. To the 617 they are traveling to the Jersey Shore. Because Atlantic City has a new casino opening which I did not know I don't know if you guys of the new Atlantic City or fear of any. Interest in going I've none left an on off Nolan says up Providence, Rhode Island. They go in Nam. It was while warrior. No those pretty much. On life might worry about those 7% who aren't on anymore. They've been investing with Mike and Chuck Berry they made so much money that they have beautiful homes in places like Nantucket yeah. Rockport in March field and so white going to Wear it there. I'm not going nor about our Susan Gail compete with my AF flying at Indiana I seem to be traveling the furthest. All of our list I've July feel like yes you were the furthest traveler so farm and having Mike one radio today that the taken home the gold. Obviously you know the Euro zone has been giving us a lot of concerns stock market's been really edge of the last few years. It looks like. Once again the Arizona having to step in and gave Greece's debt relief. Guys there bailouts are coming to an end here. Allegedly Greece's bailout program ends on August 21 but the news is all kinds of loan forgiveness and loan extensions of brings to mind that classic line that. When you woke somebody a million dollars you really owe them your life when you owe somebody a 116 billion dollars they really owe you Revere life and if the Greece's. It's a point you know potentially in the position of just kind of taking down. Europe that you see a lot of people in but hard working Germans were getting pretty fed up with sending money down to. Greece where people cheat on taxes and don't work as hard station. Yeah I mean I'd I'd be really it's in CU what has actually changed because there are a lot of stipulations attached this money going to Greece and I don't know what's actually happened. Predict quick break on the financial exchange coming up later in the show are still going to be joined by Paula Monica and CNN money we'll be right back. The financial exchange is alive on FaceBook so make sure to like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. State NASA protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide Collins demystify and trust that will offer 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 -- revoke -- -- -- 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 will answer these questions and more so call right now to request this free guide at 8668485699. That's 8668485699. You can also download it right now by logging -- legal exchange showed dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free -- did mystifying -- at 8668485699. Or get it right now it legal exchange -- dot com. Hi this is very Armstrong and like Q I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients on the fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that's 803934001. Where you can download the guide right now at Armstrong advisory dot com. Dirty soccer history is American corporate members can recipe seen advisory services are protestors American budget incorporated Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Are you having problems with the blocked sink or drain. What don't we 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 coming in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy combing. 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. 1198 at 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Mass master license number 10. 183 again the number is 781. 862119. Folks is chuck and Mike from the financial exchange we're talking this month about and do what he's specifically. To our strong advisory group got the truth about annuities Mike. Let's talk first about some of the benefits of annuities when it comes to tax deferral that's probably one of the main advantages that you get through the use of it and. Correct I mean if you think about it traditional investment lets you go out in your bias CD that's paying you 3% interest. You're paying taxes on that interest on your 1040 every single year. With an annuity you might be able to get that same 3% rate of return. But all the taxes are deferred and he decides to take that money that can't be an advantage for somebody in high tax bracket today. Other benefits that are on there you have the ability at these writers either income benefits or death benefits on annuities are and that's where things get a lot more complicated and it's very much dependent on each individual situation. Yet there are writers on there that can guarantee you that you get a certain amount of income for the rest of your life. But depending on your own current income situation that may mean up valuable there are things like death benefits and market protection. All sorts of these different things to be written into these contracts but they do come at a cost. The downside due duties the two biggest reasons that people have issues with them sometimes. They do lock your money up for long periods of time was surrender charges some of the newer products are able to reduce or in some cases eliminate those. And also you do have to worry a little bit about taxation on the back in tax ordinary income rates as opposed to at capital gains rates folks all of this information and more. Is included in our new guide the truth about annuities gives you all the pros and cons all the different types of annuities out there. All you have to do to get it is call 803934001. Or go to 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 represented their 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. This segment financial exchange. He's brought you in part by easy coming your one stop shop for all your plumbing and heating needs they specialize in repairing our faulty equipment not replacing it call easy plumbing today at 7818621190. That's 781862119. To your visit them online it's easy plumbing and made dot com. Easy plumbing we can fix it Nast master license number 10183. We are doing trivia for the last segment and be we had a correct answer the correct answer my question was in what year in armistice and the Korean War. The correct answer is 1953. And who is our who is our winner today. Our winner is hill from Hampton Massachusetts congratulations bill rats belted a gift card. And he will be getting to a jury it will get the gift card. And we should note that the trick contest is brought to you by Arnold's lobster and clam bar located on US route six in beautiful east camp Massachusetts home Marconi beach. They're lead chef at Arnold's lobster claim mark Suzy has won the Cape Cod stuffed in contest for the third year in a row. So bill were thinking maybe get an Arnold's and check at their Greek food for yourself call 5082552575. Or visit them online Arnold's restaurant dot com for more information lots of great stuff claims and stuff clogs. And a Cape Cod so Susie three years in a row she must be doing something very special but her stuffed claim. I always I always say we're nutria right close to lunchtime tomorrow we starving and I started angry isn't dead. Yes indeed it does sinister in preemption second fine announced that Mayer studios commercial for fried clams are enough. This might be my favorite story and story of the day maybe the week. A trader in Europe built a five billion dollar position after realizing he wasn't using a test program. But the brokerage company says they can't keep the profit so. Long story short this traders taking an online trading class. He thought that he was practicing. I'm not going to be France this guy's name Karuna who aren't un hi tat Oregon Ohio. Here's here's Lazio Harris. And he opened an account with a company called Val Berry with 20000 euros or about 23000 dollars. And and she. He you know please trees on stock futures lost a million euros. While realized that home my god wait a minute these resolve real this wasn't just the practice programs is fake and instead of you know. Calling the company York trying to figure it out. He'd do it began reviewing doubled. Out of LA. If policy walk or should've walked oil that he built up a five billion dollar option in US stock futures turning his loss in to a profit of about ten million dollars euros. Eleven point 6000011 point six million not bad this year tie our however. When he called calvary the the trees opera company a few days later explained the situation. From declared she was in breach of his contract and has holdings of void and it's sort Evans of the though. Company bell every keeps it yeah problem. Unclear maybe the positions were completely closed out. Obviously trail are suing now very now for eleven point six million dollars declaring there are negligent and breached is to get something and felt Greece's. He should disclose these financial services professional net. You know Joe Schmo orbit actually the financial expert who. Actually knew what he was doing yeah I mean I don't know how willing to refute what he's doing it he didn't realize he was actually trading in its. Losing a million years doubles down. And I hate to double down just hide how do you handle it doubled down this takes me Beck who. But it's like blackjack its objective before your days but it's like I accidentally built up a five billion dollar stock trading position but Jim cycle of got me the money I was entitled. It. That's my money you know I know that's opened I don't aka. So be. This is a bit of an embarrassing story has it even talked about it but I'll go ahead what is the most American made car today Peter. While we say most American made you mean by eight how much. Stuff in the car was made in America senate. In to a car. The answer it is. The Jeep Cherokee assembled in Belvedere Illinois not far from Bloomington Indiana where Mike is. Winning. Vacation by going next week what one thing Jeep was assembled in China. And us. So far there guy there they're mean all over but. What is so fast in about this story in MarketWatch today about the quote unquote most Americans he car three of the most American made cars are Hondas. Which are made in Alabama. Is Clinton I'll Ohio I think for Honda two and also an accurate so you know the whole idea of you know quote unquote American made an American made him and basically all cars our. The end result of the global supply chain and I've got a great little Ford Fiesta that I found that the hard way was made in Mexico. And then sent across the border bit great little. Awesome second card electorate cheap second car that sips gasoline. PI. Recommend you to anybody I mean my my wife drives a Jeep Compass. Brings awesome to meeting will drive. Pretty affordable these payment but. The Jeep Cherokee my mother in law as one of those and that thing has gotten for a he recalled mailings. Delivered to our. In a matter six months now and it's serious here to. Gave at a dealership want to used to I don't want to misquote I think you lose one I'm a muzzle the leads to a fuel pump or something like that. On the new like one or two other recalls. Mouth is when he eighteen Jeep Cherokee bone that it's there is a cell car nasty sarcastic. Just one nice Italian. Telling cars a Jeep Cherokee. He denied that the members Jeter is now owned by in our company that's right yeah Chrysler through. But yes 72% of its when he team earlier Cherokee is assembled and apart from states pre pre nine. Number five Chevy Volt maiden meeting in Detroit on an L players vehicle. 62. 6066%. For the Eagles. I want you all to grab and we talked about this in the first hour of the show but for when that wasn't wasn't their for the first hour. We we have a big event coming up next week on June 27 the stock market remains unpredictable as you know and because of that nationally prepared for the future. I want to tell you about a great event that will be hosting on Wednesday June 27 at crest you country club and had a one Massachusetts. To be a special broadcast the financial exchange followed by an educational lunch with the Armstrong advisory group will be talking about strategies to help you become smarter investor. So you can save more money as well as. Show you how to cross properly plan for your retirement and how to protect your assets from the high costs of nursing homes. We do these events and quarterly basis on the view price tag and purpose for CO knows the drill. But space is very limited were down to just a few spots at this point you can call our office to reserve your spot now the phone numbers 800. 3934001. Once again at number 800. 3934001. Once again that's Wednesday June 27 at the crest the country this once it. That's yeah just a few days. Christie offers corporate call corporate golf and social memberships and the great spot to hold your next special function. Call 4137862593. Or crest view CC dot org for more information. But again the number two reserve despise 80393. 4001. This. Chime in this is an intensely beautiful time of the year via the Connecticut valley yeah and so act on golf and imbued a beautiful country club. Excellence if and that can be very next day I I would think it will be if if the weather keeps up this could be a nice day. We're gonna take a quick break we come back Paula Monica from CNN money talking to us about FaceBook in a market update in general will be right back from the financial exchange. Barry and shut. Alex. This is the financial exchange radio network hi this is very Armstrong and like you I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients 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 are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that 803934001. Where you can download the guide right now at Armstrong advisory dot com. Securities offered to American corporate numbers can rest a PC advisory services are protesters American budgets incorporated Barry Armstrong represented a strong advisory group to secure certain companies are unaffiliated guarantees are based on the greens and ability of the insurer. If you're landlord looking to find an easier way to collect brand name and then you need to hear about leader bank's online rent collection product called Z granted it's a great service for landlords allowing them to collect tenants rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. 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Or get it right now it legal exchange -- dot com. Time for bank -- -- June -- liter maximum -- accounts -- 1% cash back with debit purchases and an extra 10% back -- user -- -- businesses to qualify for these and other awards using -- direct deposit 1000 dollars and make a debit transactions each month to learn -- call 8776917900. Or -- leader bank dot com -- to open and -- annual percentage -- ten dollars mass residents only -- reduce earnings -- subject to change without -- member -- -- -- 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 -- locally and -- gold -- it just makes sense of -- -- called them learn -- call 8776917900. Or -- leader bank dot -- not a deposit not FDIC insured uninsured by any federal government agency -- guaranteed by the bank and may go down in value -- back a step ahead. Security suffered two securities America team 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 tax club by texting the word Barry is 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. We're joined now by Paula Monica CNN money who's got a little bit of FaceBook update forests. Pauline I take a look at Facebook's last twelve months it's been pretty wild with every all the investigations. Hearing on Capitol Hill. Stock has completely recovered from that volatility in and sound now trading above 200 dollars a share. One of the biggest risks to the stock and where does it go from here. Got a great question I think obviously east they'll have to consider a Brett regulation in eighty possible routes whether or not. You would he government not just the US but perhaps others around the world cracked down on. FaceBook and other social media companies because of what happened in the you can problem. I'm not so sure. It that they risk and I think investors. Not that while they they'll be very strong earnings and revenue growth going forward is advertisers though there. Users are still there even if you know corporate war platform. LB slowing a bit you know FaceBook dot don't hit the ground and what apps that obviously popping up as group as well to just top dollar ability to people users as well. I mean that you bring up at a point yet they do Lawrence Graham they have a lot of different channels to advertise to but should we be concerned about. The actual FaceBook users and they topped two point 19 million. She two point 19 billion. Monthly active users. But we keep seeing the average age go up younger users aren't adapting and I look at that and say you. Where is this company going to be ten years from now is they're really a mark to be made if you don't have those teenage users. And now that is a great question might countered that argument is that for all of the talk about how. FaceBook is no longer cool anymore it is 45 year old pollsters like DR. You know we still have peace but having integrate and grow an incredibly rapid rate and we see it. In the Gramm does not the be all that term in a date. Jet does something it can't wait a couple of months and copies of them wanted to put more users. More revenue of more. Europe and earnings though. Have long used FaceBook connect to keep I think that the critic in the had. That you were platform bowl. Terms of its growth prospects as well it Apogee to be users. He's been beat him he'd be a little silly if I attack jet actors and baby boomers bill spent a lot of money. I want pot as well not just the. Yen as the parent Maloney also tell you millennial spent a lot of money on behalf of their parents as well. We we just saw appalled that it's Graham has launched a new hub for long form video called I GTV. Big deal. Gabby I'm not making bearish bullish call just reporting what the numbers are and yet I'm still pretty promising. Think that. News to Graham long form video probably is going to be something that we will be. Yet another successful in the Korea. What we see with match park they're only following we're. What the users like where the market go that the kind of vertical video might also be something that appetizers what. Find to be a bit more compelling. Quick spot in the the studio while so I think that it programs that was pretty to position. You know I saw the story a few weeks ago I'm sure you read over to FaceBook trying to make inroads insert. Give true news media and acquiring some talent there to set their own kind of news channel that there be producing it actually acquiring talent. It sounded like it was go and I don't know massively would be the way I would describe it have you heard anything further on that they still working otters it is that not something that's a big focus for face but it. I think it is an area focused that your your bright that it you know it's been a little bit of a mixed bag and I think. That is we here at the wrong race. You'll potentially alienating. You know partners as well I think one reason why they can. Google had been able to view that you cracked as much. Appetizer dollars and is because of course the number of users that habit. Having that that future is also made some compelling. Partners toward big media companies like artwork for I think that it oh you know update but it. Goes to our. You're content creators aren't right particularly the going to be. Well I mean in the regulation that you face in that sector is a lot different than what Facebook's facing now although. Perhaps they're already being regulated as a media company at this point and so why not get into it. Yeah you could make that argument that if there's going to be you're more regulation coming in line Horry. War. The uber. Media business again I mean. People talk about these. There. At the end of the day there's a huge difference between a which they chip advertising which. And apple which sells. They. I. It. Absolutely and took captured as like bringing up that points out all the life and dimension that he he certainly doesn't agree our remember his is nice speech that he had about FaceBook vs apple Paula really appreciate counted on Paula Monica from CNN money you have a great weekend. Yeah hey it is. Take a look at the way that stock has performed at NATO they're not alone every every. Pretty much tech company NASDAQ has had this sort of twelve to eighteen months trajectory Facebook's witches. Pretty nerve racking in between while. Taking a look at another story about the grocery delivery business you're talking about big name tech companies obviously had the Amazon acquisition of whole foods. And and really jumping deeply into the rushing delivery by it pretty much overnight it looks like Kroger has become. A leader in the grocery delivery business. Major new deal with the company out of the united can call oh Colorado. And they're gonna build twenty warehouses automated warehouses. To help Kroger deliver or next three years. Deliver food to people in the 35 states were Kroger. Operates a fortunate closest bird gets US is Virginia there really kind of mid west southwest. But giant new warehouses not just for home delivery but also. To put together online orders he would drive down your local Kroger and pick up and Mike one of most fascinating numbers in here is in the UK. Roughly 6% of all food seals are on the line. You remember of that you have with that same numbers in America when 3% to that 2% 2% though it IEA I think of UMass stuff that Mike. Kids seem to buy on line to eat from. Amazon and it shocked me that numbers as low as it is it is 2%. And most of that stuff today is just him bottled water Ngo and coffee pods for the for the instant coffee and stuff like that. Chris gets. What what oh Colorado brings to this markets and that's Amazon does not have the ads that instead cart doesn't have is. A serious. Leak and leaked. Ahead in terms the technology used to distribute this food efficiently now. The UK their presence right now is just in the UK and U admittedly have a varied different geography and in the UK we have a much more spread out population much more rural population here in the United States. But Amazon and you know and inspired us to build this technology on the round. Not yours specifically in the dealer Kroger may with the cada. It barred the UK company for sharing its technology with any other US retailers. They've kind of blocked everyone else out this. I'm not gonna discount Amazon's ability to figure out you know grocery delivery because they've got their supply chain stuff down pretty down pat but. This clearly came as a big surprise in the markets and you know we've been beating up on Kroger ever since the games on all of those acquisitions this is that at least a step in the right direction. What you guys I still wanna see that red pepper and pick it up myself before it taken arguing checks out a ball at times are change and. That's all the time we have five for the financial exchange for the week have a great weekend. And we will catch up the next week.