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Full Show 6-28-18

Jun 28, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your you've seen the new world. Stay informed and today about economic and market trends plus get breaking business news. And the financial exchange with the very Armstrong and shocks. I was. Sure this morning at 5 AM that he jays would be our lead story wise we'll BJ's is going public. And today's the day it's a big day for BJ's to be paid for their employees and their customers. But it's not our an ambulance story in fact our number one story is another New England based company. That you never heard. Paul Hill pack. They are being acquired by Amazon in the air ship sending shares of companies that Walgreen. And Rite Aid and CBS which is a local New England company. Really so talk about that as our primary story and then our big question of the day is. Have we reached peak real estate prices hi everybody it's very Armstrong and Peter Howe with you here. It's a Thursday and you know Peter we've already gone through our stack of stories at 9 AM. In and I walked in and said hey we have a new lead story in that Amazon. Big time getting into the drugstore business. Well and CVS Rite Aid. Walgreens is giving. Hammered down you know on 9% 10%. Since the market open does a terrific company founded in some rural Massachusetts by two young Smart kids yet. Ever people who are living with chronic conditions where you're taking twenty or thirty pills a day it's a fantastic service you get this. Stripped of prepackaged medication and it says take this on Thursday at 10 AM thing. In his company's still pack pill pack. And cut a wonderful and still operated under that grander fame is on a full additionally if they left whole foods alone as a grants of maybe they'll leave it alone is Syria as a separate. So built the way it would work been like if you're on medicine they eat your your to your point you're taking multiple medications per day. It in arrives all prepackaged is that the idea. Exactly the date and time labeled for when you take this when you take that you you obviously know if you miss the medication yell as you'll see you know what time it is an old shooter action taken at a CF seven a M tonight you'd just have to say. Your phone at certain time okay take this medication and a 8:8 AM another medication at noon. That's however to call in from interviews. I do but interviews in the morning before come on air Niles I set my alarm on my phone so it seemed. Premise is still some personal responsibility. But you get everything delivered in one. Sleeve I guess in you know what you have to take for the day. Right you poppy you know exactly when you get a pop out what from the OPEC so it's you know it's a life changing thing and you think about it. Would Amazon and just their ability to take or get it out and this marketed leverage it and you know there there are. Who literally tens of millions of people who could benefit from us. Now they you know beat. Well evidently leaders fear that it's going to be quite successful otherwise CB Asher wouldn't be down six dollars and fifty cents. One it hold but to deal making my in that sector with the Walgreens CVS skating and health insurance. It all kind of in hindsight now makes a whole lot more sense that they've put Wal-Mart. We understand. Took a look at OPEC was prepared to buy them then clearly. CBS. Rite Aid Walgreens the whole sector knows that went like eight. Bought them just take them away. Right why wouldn't CBS have bought Kilpatrick and about paid for measly. Just to do take them away from him this. Then lets them so they left their flank exposed to well and it's also a it's a bit of. A you wanted to disrupt your own business because you know till Backus is obviously a threat to the CBS. You know I'll. Way of doing things recommit to the stored you pick up your medication and oh by the way you buy you know shampoo and five other things while you're there. But you're exactly right that's CBS may well look back and think geez. If this if these guys are coming in need or want to maybe we should buy them so we are eating arrow much. The CBS's doings you know delivery from local stores now and eat yeah they're they're finally waking up but. You know I thought Wal-Mart was slowed the draw. CBS's even worse unit terms of responding to the Amazon threat the advocate speedily Amazon won't do well Amazon is doing. Amazon getting into the drug business. BJ's going public. What time they're gonna go me even her. It is the time of the IPO I know the price and I get CNET. Can be somewhere around 1517 bucks a share. I don't know if you remember they used to be public. Yet classic a situation which is over and over him with the these companies that get. Taken private. Fixed up and actually also loaded up with a debt to a greater extent than. Taken back out to the public. IC. Enough. Things about this that I need. I would think twice about in getting into this deal so I'm calling your broker to buy shares today even after the IPO the private equity guys still owns 69%. Of the company and you know herb. They paid themselves two billion dollars in dividends since 2011. And it looks like if you buy into the night ago. It's not clear that you ever get paid any dividend rate you know years year by in this is hoping that the share price goes up that that concept of shopping. Gains in popular correct correct yeah but IE I don't like. Being in in a stock we're the private equity guys on 69% of it in a call on the shots and in themselves instead of pain me would you prefer as a consumer. The fuse pins compared cost code to be to have a preference you know I am I am not a member of either we do ha. We are. That's an American. Don't tell don't tell cost Goebel we have a friend whose card we borrow once a year and go up Costco in Waltham Massachusetts load up for a big Christmas party that we put on and you know we also used that as the time we buy. 48 rolls of paper tale yeah etc. But you know three kids grow up out of the house. I need to be eating less food them more food and between. Costco and BJ's CA I AM I'm homework you know affected. BJ's. Is based in Framingham room would love deceive them. Be very successful. I don't get the sense that there's necessarily. It's or is it clear in your mind when the real differences are in the value proposition between just programmes that they have inside I think you know the egg prices are pretty similar. You know BJ's has Errol brain and their Wellesley farm products and things like that and Oscar's got their own brains I think it remarkably some Costco does the Kirkland. Yeah yeah cost does. Pretty darn good private label line that are from the Costco members brought to the Kirkland dive tried appeared to recession period. Surprisingly you drink Costco beer Kirkland no I've had I don't go out trinkets I've had to cull animals like it is pretty good for Kirkland in. And all of sudden your your status is a beer connoisseur or has declined to where I try every you know all Beers. Felt any title I'm for a nice MacWorld group let's let's follow this and see if we get a price on it later in the show has not gone public. As of yet but it is going public today and I think a lot of people will be buying into. What are you what are you telling your clients well have you I'm not buying it he he's the AI I'm staying away from retail in general. Tea bison on our investment committee in. You know every time he touched on retail I get burned by staples and since then. And I went to the game committee and said sell when there be when news first announced the Office Depot merger to get rid of it. And it didn't want to they kept it in some but then we we didn't do well this stock anyway that's a story for another day. Let's talk about mortgage applications. There was there were 12%. Fewer applications. For mortgages. Peter the same week compared to a year ago. Yeah and seasonally adjusted. We 5%. We've total mortgage applications and what is weird situation we're it's kind of like Yogi Berra what do housing got so expensive nobody bonded damning portrait. And it seems like. My wife and I would poster kids out of the house have sort of toyed with the idea of selling our house big enough for three kids via movement someplace mark you don't look around. It's just. We did the same thing we we actually listener house for sale in my big fears that it actually sells. There's nothing to buy. Yeah you know they can't that's the the week where would lead to big question is like where would we move so we're almost a free dinner how my itself fortunately it's not selling so. And not to worry about it but there's a perspective. That out there that we've hit peak prices and pretty bright guy John Walton. Suggesting that prices. Have have peaked out. Chief economist Richard booty saying the prices of a doubt she chief economist David Burson if it prices have peaked out. I'm not sure that I concur simply because in maybe it's because were where we live but I don't see a massive amount of construction. And that's usually Peter if you think back even to in New England. In 20056. And seven there were some signs that you know the housing market. Had kind of gotten top remember our old friend Brian Cox yes he worked for company called countrywide mortgage and he was showing the not with he just kind of what was going on in the mortgage business exit point. You know easy money you remember the beast called ninja loans and news and alone you could get from a mortgage broker not a bank necessarily. We didn't have to demonstrate any income. He didn't have to prove he had a job. And you do enough proof they had any NASA's Compton in new Angel no no income no job no assets and they give you gore did. And a half a million bucks to buy a house liar loans that that that's that's what I said. Played this the zoom topic I don't see anything. But if you talked to Tucker who's trying to buy a house. He'd tell you that they torture him in terms of going out trying to buy house get credit Borg you know to get a more just it's very difficult to write a news. It is tough vote no no easy money out there isn't no. No no no. Any other variable that I don't see addressed in this which is absolutely factor in Greater Boston is Asian buyers. Specifically Chinese buyers yell coming at them and putting down huge amounts of cash. For real estate you know you look at Canada. You know Vancouver you know this city that has imposed a big. Tax on foreign buyers that. Dynamic doesn't seem to be going away in that does seem to have particularly Lexington Brookline Newton and you know some of the more upscale suburbs around Boston it's absolutely dynamic that is keeping. Housing prices insanely high so what is your perspective on ED think we've reached the peak for house in terms of pricing it feels to me. Like were settling in to. A lot of people like Mike mean my wife and me feeling stock the and that. You it be wonderful. The amid the the great thing would be if we can all seller houses in new England and moved to Tulsa Oklahoma our whale Jefferson City, Missouri we would live like canes you know we would get better houses for supporters it's definitely would be in Oklahoma exactly that's the that's that's the downside or India and tornadoes in Indiana with Mike. You. You have to go that fared just look at the Carolinas it's cheaper go to New London, Connecticut never looked at prices down there not advocates to my house in New London, Connecticut for two underground. And you. Our question our poll question today do you think we have reached peak housing prices I voted already said no. 70% of you think it we have not reached peak housing. Now you sound like you can see you gotta make about one leading up it's in now I think it I think it has a ways to go of course. So that is your definition that it's. You know do you think just it's a youngster now let me. Effect calling Lisa I thought I'd I'd I'd love quibble. But a peak housing where you know peak housing in new and a new in the overall the women were all 6 July and I'm quoting now your voting no abstaining keep going I'm yes because I want crisis talks with ethnic. Well so partially self interest yes sorry. That vote on our our website financial exchange showed dot com if you care partake in our poll. 30% of you think we have hit peak housing 70% pay no. I need to exchange showed up in Texas 63566. When we come back we're talk about Amazon and whole foods recently experienced. The whole foods shopping dynamic and we need to win last night and take all about it when we return to open it took. We'll look Cunningham and show business and financial. It's it's the financial exchange with Barry Armstrong and chuck son on the financial exchange radio network. Hi this is Todd let's keep a partner or a law firm of crushing and on and host of the legal exchange radio show planning for later in life is a definite challenge there are a lot of factors that come into play. Especially when it comes to protecting your assets creating a trust can be an essential step to helping you through this process but how do you know which one is right for you given how many types of trust there are my firm is an expert an elder a lot estate planning and asset protection and this month we've got a brand new guide out called. 8668485699. That's 8668485699. You can also download it right now by logging on to legal exchange showed dot com don't leave your family's estate and assets at risk call now for your free guide dean mystifying trusts and 8668485699. That's 8668485699. Or get it right now visiting illegal exchange showed dot com. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Cold easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 7818621190. Or you can visit them online at easy plumbing MA dot com for more information mass master license number 10. 183 again the number is 781. 862119. No. Everybody it's very Armstrong NG 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 plain border facing with security deposits which is. You know one it's time consuming to open the small enough security upon number sons now. And yet to go into the bridge yes signed paperwork and their small dollars and Andy turn. It is certainly the complaints in Massachusetts really tough for landlords and security deposit accounts. You have to give them ten in certain forms when they open up the count and you have to pay interest and you. And we should do all this canal through easy deposit all of that you can do through Z deposit it literally takes about forty seconds to open up an account. We handled the automatic forms that are generated in the count number department condition statement all that sent lieutenant. And the interest descent to the tenant. Automatically every year. This sounds like something it's going to be very valuable to large landlords it might have 200 tenants and small landlords that might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to manage it'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 781641. 8691. Or online at Z deposit dot net it helps. Landlords manage their Tenet deposits two great concept you might want to learn more about 7816418691. Securities offered to securities America Inca member senator SIPC and advisory services offered through securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We have part of the financial exchange in an instant. By texting us and 63566. Started to extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Break here on the financial exchange radio network. This segment of the financial exchanges brought to you in part by easy forming your one stop shop for all of your plumbing and heating needs they specialize in preparing your faulty equipment not replacing it. Call easy plumbing today at 781862119. The talk about Amazon prime deals rolling out to whole foods I went into one last night I was driving home from my granddaughter settlement. There's a whole foods on the way so it was the first day in New England anyway. Where you had in this line in the special deals in the pricing in an exciting what do you think. I I'd light the the whole foods shopping experience except for when you get to the cashier right date in you look at home or wouldn't do spectrum to book fifty electoral items. But fifty bucks a bag I'll tell you what's at fifty bucks a bag but hey it's it's changing. EE I would win in that for the things that I bought rate. Beat the produce a predominately we eat pretty healthy so produce a protein. Prices were packed it in with they do is the of these blue flags that say Amazon prime pricing and so used to pay special price for certain seafood at the as a prime number as the prime members yet. And you when you check out you have to have the whole food wrap on your file America and there's this little cues that shows. And you check out using that ended discounts are applied some of the discounts or anywhere from 1025%. 99 on the apt you have to select the items at your purchasing that are on sale and then you'd scan that at. The cashier all you do or you put the items in your cart yet. And then when you get to the cashier east's. And it I'm a prime member that's and they scan your full and and they applied those discounts got like with with Shaw's right in a cart in your Shaw's member body shop via via the the lot of the stores do that. But it made the pricing because he used to be you'd Joaquin in. You know like a piece of swordfish was 24 bucks a pound right well not paid twenty gala to pound purse or if it was not. But EP the prices that are already come down fairly substantially and now these discounts they're quite competitive. The the price so you get prime you get if something's on sale prime you got another 10%. From the sale price ten to 25 it says right on the fly as to whether it's ten or twenty and then if you have that Amazon prime credit card rate which is what you do I do right. You get an additional 5% on your entire order even the stuff that wasn't discount. So we're after re name it partial pay check you out yeah eight it's not as bad. As it was and and again I'm not an ad at a ruled their stock and not a big advocate of whole foods. But. The the I do like the experience of his unlike other gore for stores. If you like when I go to my local frost it's not uncommon. Two week ten minutes before I get to the cashier. When I go to whole foods in you bank through those lines it's that it it was on faster but that much faster receive the pattern the in the experiences. If it's dead that's more pleasant I don't know what is really important but. I like a site and I and I tried to do it now they had this big band around part of the story. Talking advocating using their dispute delivery service to the two hour delivers her and that one. Yeah that's next in the yet checklist that is next thing you do that on Monday show remind you to be here but he takes I mean your money you. Don't belong here Monday and yeah. The yet mate maybe try to Mandela was to a list live on the show go through bear that there is grows where my pleasure for you better go and I'm I'm I'm. I I don't know why I'm excited. Doesn't take much. I just can't hide it is about to lose control and I think I like. Almost one half of millennial. Say they would rather give up shampoo in for a week as opposed to not using their phones. And I asked the morning I don't know why this was even in the stat today it seems a ridiculous because champ Boeing is not a but it is essential thing. For a week you can get away with a champ going. Hot water supply I gotta wait for Al month if the question we don't have any hair as young as shocked that it's like okay big deal. I think sacrifice of Peter's where's. Tucker and yeah actually have fairly good heads of hair a luscious area absolutely right there at a conditioner use. I don't know. So something I don't use. You know resenting a dual. Anyways. Yeah I mean I am very curious what that generation now what's the genders report generation ZUSC yes yes yes I'm curious how they were principal because they are way more tax on their phones among one goals. I colonials aren't I think it's like IC boomers I'm odd couple act I I stuffed from my way it's kinda on. Is there interest there's all kinds of information he might wonder what if in the status of these tweet or FaceBook. One of the other questions in this poll. Did you give up your toothbrush for yourself on for week 17% they give up my toothbrush or not bad as zero I give up the shampoo but not the two. Take up next we'll have Wall Street watch what's going on with the market we'll let you know. Life goes on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. 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 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information mass master license number 10. 183 again the number is 781. 862119. No. If you're -- looking to find an easier way to collect rent payments than you need to hear about leader bank's online -- collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank required does he -- technology tell them the coldest he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 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 you'll roadmap as to the different types of trust that exist and help you figure out which type is right for you and your -- you need to revoke -- bowl or an irrevocable trust and what's the difference between the 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 -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free guide did mystifying -- -- 8668485699. Or get it right now it legal exchange -- dot com. Hi this is very Armstrong and if your landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to attendants -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead this is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks ticked hassle out of red day we're zero and leader banks all mine rent collection tool. He ran automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today until Berrian jug right here on the financial exchange radio network. The Dow's off 46 point that BJ shares are up 22%. We've got a three dollar rally. In the price of BJ shares are trading at twenty dollars and 77 cents per share Peter. A little bit of a first date pop on and on that stock you and I. I should apologize I misspoke when I sit framing and they used to be framing him now west Borough Massachusetts in when I still think of is the New England electric system building there. A number nine. I actually. In my Bittermann not when it comes to first a pops without IPOs that I look at those and XA you know your investment bankers the tree view because and they showed a price the stock higher out of the gate. You'd get more money coming in the door. He in my mind the optimum. First day pop for an IPO is zero dollars because you priced to perfection. Well now but it like I'll look at this one. You know where I would consider buying BJ's is. Maybe six to nine months from now when things have settled down. And because right now what happens is all the insiders are locked up they can't sell. Right near and dear Dave this period of time where they're not allowed to sell. And there's a lot of propping up if you don't realize that in the background that goes on but in the bankers if they don't like the way the IP is going it is like today. Big committed by shares in order to prop up the price so. I tests on a company like this. I I wouldn't touch on and an IPO day. I'd look at this company will I'll keep an eye out just because it's a local company we re in we tend to follow our our local doing the company's. And I'd be curious to see what it's trading for in you know six months out. And I just always worry any company like diabetes via Amazon affect them you know Amazon contaminant. Squishy like a bug ten different ways yeah that your candlelight UA. Other issue that we should talk about his oil I mean oil's gone from 65 dollars a barrel to 7355. In a hurry. And it just it it's not. It's not letting up. Z in in not headed any lower strong dollar yet oil crew and domestic crude trading at 7355. Poll question is do you think we've hit peak real estate values. Thirty point 7% think we have 69 point 23 think we have not I mean I have not can't Peters. Eight me where did you like it did after vacillated for general Mike. Globally night night women that have not I think housing prices you don't change then you don't wanna look so have. I I think they keep going up discuss the labor. You know labor lane costs. Job market's strong creative with Siena players three point 8%. Foreign buyers and a foreign buyers that'll that's all propping up list I was shocked to see. Lists valuation. They are now valued at fifteen billion dollars if. Mean billion dollars big Fidelity Investments has put 800 million dollars of in the left and so. Valuation it was seven point five billion in in April 2017. It's gone up and hurry to a fifteen point one it's still. If you look at it by actual business yeah they're doing about 15 as much business as Hoover but. Domestically they've got 35%. NIC. More more people who are consciously choosing left don't like Hoover don't like the corporate reputation. Don't like is that the. Recent ABC I'd do it because of price saints with its cheaper yes. They add an elderly people. Thought I had a feeling a lot of people don't know that it just resort to what they're used to with Gruber. And I used what 4000 Allison was significantly cheaper and there are other guys who were dead Hoover's and they paid more than it it's my daughter same experience told me that it was cheaper and sights set of outright comeback from the airport a few times. Then again if it wasn't cheaper that is like quite a bit cheaper surprised what you see some people have both stickers on their car. Oh yeah they all drive it if he talked and need to drivers they they're from. It just it's a how much lesser they making when the bride comes to lift. Will they said if you talk to the drivers they said they prefer to take the if they have a choice to take the lift ride over the uber right causing use. Apparently get a little bit better compensation. From lift the that you from. Even though you paid you pay less but they get more that's what they said. I don't know may implicate the staff changes and they have some algorithms and and it's is servers and yes it is I I don't know with. Truth is I'm just telling with the guys have have told me running that car Boeing this is exciting. We're going to be able to fly to London in like two hours I think they'll be Austin. 3800 miles an hour hypersonic airplane obviously I tell this happens I'll be dead. The united I hope not. I hope that your you maybe thirty years old guy I hear on that first did it reminds me of that and a lot of mileage. Donald Fagan son. Ninety minutes from New York to Paris and but notice the Concord how to take the locker. That was from attack the speed it was like three hours from New York to London I think the congress like 14100 miles an hour. In this big this is. It took more than twice as quick as the conquer. In Boeing's working on I guess Lockheed Martin's working on news well. Prob is going to be price you know I catch our eat it might get there you know in two hours Boston London. But you will and pay and double. Your price pain on the conquered your plane by ten times news is not your pain I never wrote Concord. My brother enlisted in need he liked it because it was so fast and use it now company preemptible Plame. There's ever call that was not there you were in line is like erotic for. Very short period of time you know that would be nice. Especially I think about how many people flat my long flights are Arizona. Florida at six and after airline now would very nice and neat do Arizona and how would you pay that. If blow out every window across the country. Selena which what did you assess what to do number two. No number one number one she's. It's not too late to get a great rate on a whole 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 on every step of the way. In their local decision making team means faster closing. Called my friends at leader bank 8776917. B 900 that's 8776917900. Or visit them at leader bank dot com member FTSE equal housing lender. And MLS number 449250. Subject to credit approval. Leader bank a step ahead. Boeing is reportedly. Telling their engine makers to make bids for a new there should be new plain talker called the 797. The running out of middle digits for they're gonna after this it's going to be totally it's 808 or that. Eight money yet this Lee would be at 228. Passenger jet that would go have a range of 5000 nautical miles potentially to 67 for. 4200 nautical miles I wish I knew what the top my head the size some range of 757767. Mighty punch his that it's East Asia it's really drive past that there is some. Market it's. Not meant for a plane of this size would this rainfall and final round China. Japan Indonesia Australia who's gonna make the engines AG. Provide GE or Rolls Royce or Pratt and Whitney essentially you know borrowing does lie tried Whitney's had problems with some of the jet engines have. As our call in they've had some issues. But the head GE to be good body good thing for G two and they need they need a victory via make them up and win Massachusetts yup there. What does America's falling birthrate means to the economy well if you wanna take a look at an example of the falling birthrate a great place to duties Arizona. Which is just astonishing numbers in particular aren't teen births in 121000. Babies born to teens there's 120 years ago 2016 half as many as 6000. With the you know the the we always were I worry about the declining birthrate. But it seems like a lot of the decline in the birth rate Peter is among teenage mothers which is actually probably be great if you look at the high school kids getting pregnant. That's happening at a much lower rate than it was when you and I were kids when you dark designer of what we're we're junior high school. God noble agree now in Dedham they get pregnant there but done. If you went to a public high school. Right you know out every year half a dozen girls murdered pregnant might public so I went to a rough school. Noble green and nobles that. The idea but if you went to. Both public high schools across country uses very high rate now what do you think it is education alone definitely education yeah. There's. A winner when I was in high school there was overload on. You know. As TD education and obviously pregnancy and everything and leaving Saturday straight wood about the availability contraception. Is naturally you'd eat you'd tell him not to have sex but once they've had they're gonna happen again Malia quickly. Yes is. That's right they are maybe give us a sixteen year old boy hit what they've had sexy young you're not that's not expect that to. But he is their cut no I mean available to collect a sixteen year they would not have NASA mayoral. Readily and out you know condoms or anything like that in high school and college they do it all just hand out. Just an amount that was the experience miked separately and Newton Massachusetts public schools. As we to say you're everywhere to use a dental. Pretty much. Things have changed but the go back to go back to demographics and get the speck in the PG territory amazing statistic in the state of Massachusetts more than 50%. Of all births. Or not women over the age of thirty. Yeah I tell you I take my granddaughters to the park every Wednesday afternoon. And when my wife and I had our family we're in early mid twenties and he when we started cranking up the kids and now I go to the park and that parents are that much younger than I am a 58 right and I look at the the some of the ought to support racism and who. Yeah a lot of the lot of dads that are there. That are older and and I look at the moms and am. Woman's got to be forty written she's got three. So he. Push it to your point lot of would you say 50%. 50% more than half of all births in state of Massachusetts. Woman thirty it'll. They labor unions and public unions were dealt a setback yesterday were to talk about what that means for unions. With that Supreme Court ruling means for unions when we return to the financial exchange. You worked hard to make your money. This is the show that can teach you how to make your money can work through you it's a financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network. Hi this is Barry Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to enter their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to Tenet's -- called the Z deposit teen to get started at 78164186. And 91 that's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank a step ahead. Hi this is very Armstrong many of my clients are planning for retirement or are already retired and if you're like them annuities may be an important piece of your financial strategy annuities can offer guaranteed income for life but there are risks associated with every purchase some annuities have high fees while others take control of your money if you're considering buying an annuity call me right now and get my free guide the truth. About annuities lurk about the pros and cons and educate yourself about these products before you make your decision call now 803934001. That's 80393400140. Can download the guy right now at our website Armstrong advisory dot com. Securities offered through securities America incorporated members can recipe see an advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Hi this is very Armstrong in I'm joined by estate planning attorney potluck ski from the law firm crushing and dole and with pure legal exchange quick tip of the day. Taught 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 at taxes in probate and you know what. They do a lot after your dad. Never mind ray 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 problems don't wanna help people limited to just divorce although I can tell you divorces is one of them. Bigger concern more commonly people half again more common and so yes I mean the way you do it is what the language or put in the trust as you simply allow. The children to service trustee. So they're doing everything like it's their own. Their own asset buying selling it Sandra but they appoint an independent trustee. Who decides when distributions can come out to the child if anyone at their siblings know they should be an accountant or an attorney and they can remove and replace. Hold it really the lost they don't get stuck with a you know some crazy attorney that's in there that that doesn't wanna give up assets. And it's that's sold discretionary distribution that protects it from any divorce when they come knock in looking for money when wanna get divorced him. The estate planning experts at Cushing and dole and have been helping families like yours for more than thirty years and they've written a brand new guide called. Demystify. Ain't trusts call now for your free copy of this comprehensive guide 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 public carries brigade blog on the financial exchange or does come in sign up today. We'll talk about that Supreme Court ruling yesterday but he. Or we do that we have to address some of these very important questions came in and attacks like 978 asks. Very you mentioned. A specific brand of co. Coffee that liked. And even by an Amazon it's illegal SO LIM. Call and I like the French roast so just Jan they're very ago. Nowhere to be for Christmas Tennessean is a brand to. It is it is it may you don't know that right in your ordering that until you kind of delve into that a little bit. And then finally says Mary most of the older parents you see are actually grandparents raising their grandchildren know they're not I talk. Idea I IE I went what are the things you do it when you're at the park with your grandchildren if you look for other grandchildren about the same age. So he can arrange ladies and I picked up a nice cup last night. That day. You know got their phone number for played it for played it mango he would ever play dates but of course and a member played it's it's it's fun. So let's talk about the Supreme Court ruling this video digress to something much less important immigrant. Yet this. I he. Foresee a bit of a stampede five million government workers in twenty states pretty much all New England base getting any state that doesn't a right to work. Lies you now are allowed to opt out of being in the union and paying. So called agency fees so far cop. And you feel like you wanna not be a member of the union. That there are a lot of top aidid do you know many cops I know him from hockey. It is like if you are copy have to play hockey and these guys hate their unions absolutely like the guys I know anyway. The date they're gonna jump out of the union stances they can shake a stick yeah I think it's going to be. Up up pretty crushing blow for organized labor and Chris there is even Franklin Roosevelt. Very good liberal Democrat. He drew a line at saying. Public employee should not be members unions and you see this dynamic we're. You know the unions are big and rich and strong donate to legislators who then reward them with pay raises in. And they've turned this pay raises into electing more legislators who will raise their pay and benefit pensions and benefits and everything. As much as they can. About the private sector what's the impact going to be on the carpenters union electricians union the truck drivers in teamster strictly so that this record the Janice rulings strictly applies to government and a public sector employees. And you know that's and in the latest number but the house this movement this must be good for us straight it like unite you know work for the got me away for him. No okay so. You wheat we as a taxpayer don't we benefit from this rule. Ultimately. I think he can make the case yes is this the death is a spell the end of public pensions to. It is another blow towards happy it's good buddy the death row but the you have seen states like California New Jersey that if you it has been to this ruling coming down yet and have taken. Preemptive steps to make it easier for. Unions to organize public sector workers and ultimately. At the end of the day if if this turns up the heat I'd unions to make sure like your conference you don't make sure that their members feel like they're getting value from the union only don't bet that's the big gripe they have. You know they'll say well you know I got. Again in a beef with my sergeant in the union didn't back me up at all had a civil complaint to the union didn't ya that's the beef. It is not so much the wages and benefits it's the nobody's got my back well and I think in purple states. State take Illinois you know you go to downstate Illinois. I would bet that there are a lot of prompt voters were members of unions and are very unhappy with the unions giving money to Liberal Democrats. And you know people vote with their feet it. It'll be inching to see with the long term effective where I'm hoping it has. An impact is on the east state pensions and and you look at the I think the number now. The this is goalie you know you know I'll be retired and moved out of state by the time it hits but. Tucker your generation is saddled. With debt you can genetic you looking at. Rhode Island screen there's not that you you look at some of the state certainly that remains in Gucci mane is the loans stayed in doing that's a pretty good shape for their public pensions. But across the country and across New England. Missed that pension plans are grossly underfunded so when you're looking to buy a house Tucker and you see all that the property taxes or 4800. I wouldn't count on. Those counts I think the towns are after it property taxes. Well or even you don't resort to. Essentially bankruptcies you know Detroit. And you know you you'll see either better. City files. Now central falls Rhode Rhode Island gathered there are jurisdictions that are just getting crushed by those pension liabilities and you know baked the it is simply impossible for them to pay out the benefits that they have promised their teachers cops yeah firefighters in the future and so that's gonna give. Now we've just a matter of when that hits it's probably a day when it will be the next recession. He get a a good recession where the stock market goes down 30%. That they're not gonna have the money in the coffers to to make those payments on an ongoing basis and then would you do the feds and say. Hey mr. trump Wheatley you know the last forty years we've been put money away so we you bails out the feds are gonna bill. You know they any more than they wanted to build out New York back in the 1970s. Who's the is that to Ford to city drop dead. Right because that was the headline that that was the headline in the in the newspaper. They markets are open I'd say the leading story as a relates to pricing. Would be the price of energy I mean hey you've got oil trading at 79 cents a barrel. 89 cents. Excuse me at 73 dollars and 65 cents and BJ's got bus and they went public today in their stocks up 4%. Or twenty still four dollars or 23%. At 21 dollars eat that's the current price of Egypt. When we come back for an talked about. Amazon giving you a chance to start your own business that's next on the financial exchange. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a pastor closing co lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender. And MLS number 449250. Subject to credit approval leader bank a step ahead. If you're close to retirement age and are interested in annuities to add to your portfolio Colby Armstrong advisory group to get their free guide to the truth about annuities you'll have many choices but there are risks associated with each purchase column now 803934001. That's 803934001. Or download the guide right now what financial exchange showed dot com securities are protestors America incorporated member -- -- PC advisory services offered to securities America advisors incorporated Barry Armstrong were presented their arms or an advisory group the securities America companies or an affiliated guarantees are based on the claims paying ability of the insurer. State 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 hi this is Todd -- ski and with the numerous types of -- available I've got a brand new guide -- demystify and trust that will offer -- -- roadmap as to the different types of trust that exist and help you figure out which type is right for you and your 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 call now for my new free guide demystify -- at 8668485699. Or get it right now it legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called Z rent it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net 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. That comes up a lot when people try to figure out what to do retirement. And Mike the first place to start his. Totally different kinds of annuities are. There's a lot every week had residents and four main buckets. If an immediate annuity where you give insurance company reminding guarantee pension yet fixed annuity which is just a predetermined rate for a predetermined time. It index annuity and variable annuity in those two become a little bit more complicated. When we talk about the different kinds of annuities which ones might be more appropriate for someone who wants to take on a little bit of risk in order to get some additional growth. Well variable annuity typically is one where you take on more risk you're basically investing in different types in the market. With some guarantees attached to whereas an indexed annuity you have no potential for a loss. But you have limited upside potential as well in a fixed annuity is probably most similar to what we see with they CDS certificate of deposits except it's not FDIC insured and absolutely correct usually the terms are a little bit longer than a traditional CDU's they won't seat for instance a six month fixed annuity for your general. Definition yet fixed rate of return for a fixed period time Noah FDIC insurance. Folks we know that you have a lot of questions about annuities and that's what 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. 3934001. Or you can go over to Armstrong advisory dot com and download it for free once again that number is 800. 393. 4001. Securities offered through securities America incorporated member's funeral SIPC advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Precious metals are Smart meaningful investment. One ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back. A step ahead hi this is very Armstrong and like Q I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients 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 that truth about annuities there are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that's 803934001. Where you can download the guide right now at Armstrong advisory dot com. -- -- -- -- American corporate membership -- PC advisory services are protestors American -- incorporated Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer time for bank the pays you -- liter maximum reward accounts can 1% cash back with debit purchases and an extra 10% back when you use your card and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and -- 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 -- -- 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 attendants -- called the Z deposit teen to get started at 78164186. And 91 that's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and today promoting economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Are we at peak housing and housing prices got so high that they can only go down from here and talk about it. Amazon. Has plans to start up the delivery service for its own packages. But they want you to be the employer. And third we're talk about Disney's purchase of box looks like the government has approved hi everybody it's very in Peter Howe with you here it's a Thursday. And all of you who have burnt lawns like me. Played a little bit of a reprieve today. So so all across New England of course tomorrow it's going to be contact. And the particulars arrange it's credible whatever is causing my allergies for the past week via Claude now. You know this suck it up. Socket tried out there and play it. Tape an aspirin to take an aspirin to talk about housing. The way he gears speculation a lot of economist coming out saying yeah this is it we that the peace prize. Seems hard to make that call to me because it's so dependent on and we get this roaring economy you know the potential I think we're gonna yuck about oil at this hour. But to have that we've been experiencing 5%. GDP growth in this past quarter which we haven't seen for. I mean once in 2014 coming out of the recession but. It I look all around new England and it doesn't feel like anything's going down yet it feels like it's very hard to find. House inventories low. You're the talk to the guys at the Warren group right in there today inventories just terrible yeah I've never seen and you see I love the story out of Melrose Massachusetts. A house that is a burned up shell and selling for 650000. Dollars now because summoning commentary Diana put up it's a big two family house so it's a link to sell. Yeah but but you look at the house three quarters of the house. Cordoba house is gone and the rest of the house's. Toward. You see a lot of knockdowns in your community where people buy the house they knock it down and then put up of the mansion yes and that we have well where we live in Newton we have one right behind this priest to look at her bedroom window wooden beautiful maple trees that would turn nice colors in October now we look at it giant. Ugly how's it. Used to be aired neighbor's house. That's the way it works. Amazon plans a startup delivery service for its own packages for years I've wondered I said the one thing that really could bring down Amazon. Would be labor unions and I thought that I thought. Drivers and I think or the hub labor union issues would be in the driver's area. And in the warehouses great caddie keep the unions out of those warehouses. If there's going to be tough. Well and even you know you turn over last mile delivery to UPS unionized. Or USPS unionized and you know labor unrest that those. Could really be a stranglehold for in the sense of history to crest on the New York Times today. Really interesting tenth it's and it's essentially a delivery franchise or minimum investment of 101000 dollars you. Start your own business. Delivering and the impact it is right and to me it's a fascinating. Plea by Amos and mr. hedge. The risk of outsourcing delivery. Well and what they're doing though is there supplying the trucks they're supplying the uniforms so these are people that are gonna look like Amazon employees rate that they're doing that last mile delivery. But in fact they're going to be my employees right I can I could. Pony up ten grand to become the franchise owner and and you know go through the training and and do it actually I sent this story to one of my sons because it's actually not a bad business opportunity. Yeah offer for an entrepreneurial person if he scratched together 101000 or borrow it from year old man right. It's it might not be a bad way to it to bring Canada's the they have a guy that's doing it may be to test handed out in Colorado. Guys duties make it 300 grand a year. You know I would bet that to meat that's that's a motivating factor I think people are gonna participate. What and which oversees European Amazon flax. Some people making eighteen to 25 bucks an hour to deliver practice from their own vehicle might say these guys. In all around Newton Brookline Boston. Also something called Amazon truck one of our listeners effective tax that in about it. He doesn't and it's like he just you if they have you know some of the big packages that you need delivered. If you have a truck if you do go do it makes a decent money. When then you bus to get president you know who seen that Amazon is single handedly drive in the US Postal Service in two. Bankruptcy so with the salute interest and wait for Jeff pesos to maybe talk to the president a little bit. Well I'd better off its stock units of the president's so much is talking to the unions I I think need the unions were probably licking their chops right think and is he just had the UPS number they just settled. With the Teamsters whose last week ID they went into long term deal with the Teamsters. I I think the unions over I I still maintain. That the issue that can cause Amazon problems that are already did in Germany. Amazon has brought to their knees two years ago in Germany unions in Germany are much stronger. And they are in the United States capsule and the day run that country largely. They haven't been able to figure out how to get in to Amazon yet. And this is a move on the part of Amazon to keep the unions out further because it's not going to be Amazon employing all these drivers it's gonna be. The buried Peter show rightly indicated it could be individual guys that are due and it if you have a Nazi era a 55 year old laid off executive. A good executive skills for you know how to hire people you're good manager people and have 101000 bucks in the bank. I'm sure you wouldn't take it a shot at this rather than working for some big company and I don't know. Amazing number of Wall Street Journal and time spent 22 billion dollars on shipping worldwide Lester 12% of its pull revenue of one dollar out of every eight and Amazon. Gets goes out to deliver. By the way our poll question today is. Do you think we've reached peak housing prices 28 point 5% of our audience thinks that we have. Reached its peak housing 71 point four saying no we have not. But if you'd like to participate in the poll simply go to our website financial exchange showed dot com more texting at 63566. Let's talk about the United States approving Disney's purchase a fox entertainment assets they may have approved it but I'm not sure this is the last bit. With the condition that Disney has to divest the regional sports networks of fox who since I was sitting on ESPN and justices went too much concentration. I don't know if we've reached the end of the Comcast vs Disney after NASA finally likes it I feel like you know yours is seen in the while Wall Street Journal. Contest at scratch around for you know quarters and Nickels under the sofa cushions to try to amp up the bid blue sapphire. I look at it happened to their stock price mean did the the bond market is gonna decide whether Comcast is allowed to buy detective comedy because the bond market's gonna say. Yeah we're not battling to the money because they don't have the money and Comcast Nikkei eased their stock is your stocks come weighed down in price. So if there's another offer from Comcast. I think fox has to look at it rather do obviously. Because they're gonna say while you if they really and come up with the money I don't think and I also don't think fox wants to sell the cup I think fox wants to sell this thing to do is. Here we read that the Wall Street Journal last week and kind of have an eye popping numbers contest one of was putting up 65 offering 65 billion. Four fox it would be on track to go to a 170. Billion dollars in total debt second most indebted company in the world. After AT&T and T your your point I think is spot on the bond market's gonna say no Comcast. Last call on debt for Comcast just you know he can't stay can you give you don't have to work go home but you can't stay here. He ever you know anybody's got diabetes. Do you don't have a Utah gases. Diabetes is that a big problem not just in the United States that are around the pool. And there are some. Theories that you can control diabetes through diet. To a greater degree. And you know the issue if you're if you are diabetic you have to watch your your diet pretty excessively but. In the next segment we're going to be joined by may two Ralph from CNBC. Here's the headline. Diabetes. Defeated. By diet how new fresh fruit prescriptions are beating pricey drug so rather than taking a drug. To combat your diabetes. What is being suggested is to do it through your dot we'll talk about that and more when we return to the financial exchange. And includes fellow. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio net. Work hi this is very Armstrong many of my clients are planning for retirement or are already retired and if you're like them annuities may be an important piece of your financial strategy annuities can offer guaranteed income for life but there are risks associated with every purchase some annuities have high fees while others take control of your money if you're considering buying an annuity call me right now and get my free guide the truth. About annuities lurk about the pros and cons and educate yourself about these products before you make your decision call now 803934001. That's 803934001. Where he can download the guide right now at our website Armstrong advisory dot com. Securities offered through securities America incorporated membership in Ressa PC advisory services are hunter securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called Z granted it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology to Obama called this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691716418691. Or zero rent dot net. Hi this is very Armstrong and light 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 he had older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities there 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. Or you can download the guide right now at Armstrong advisory dot com. He's a protester is American corporate benefit Ressa PC advisory services are protestors America by incorporated Barry Armstrong representative advisory group the securities America companies are unaffiliated guarantees are based on the claims paying ability of the insurer. Hi this is very are trunk and if you're a landlord or property manager I'm sure you've heard me talk about zero liter banks tremendous on line rent collection program. I'm excited to tell you now about their brand new product called Z deposit this is another free program we streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security deposits C deposit also automate many of the compliance headaches for landlords such as generating out disclosure forms and even send out. 7816418691. That's 716418691. Or visit them online. He deposit dot net member FDIC leader bank. Step ahead. It's our daily poll question had financial exchange showed does John. Vote your conscience and Aaron just vote go to financial exchange show does come in castaway. Diabetes has reached epidemic. Proportions. And here's an experimental program going on in Pennsylvania called fresh food pharmacy program. And we're gonna talk to make Terrelle from CNBC about that program I'm a cereal. Let's talk about fresh food pharmacy how does the program work and what's involved. There really interesting way of trying to tackle diabetes which. Of course that they huge problem and one that beat it about treating a lot of medicine right now. Other medicines can help clearly more and more people are being diagnosed with diabetes and the problem that the growing. I heard about a program that Geithner helped the and it Pennsylvania is doing. Eating food and support education and and just making sure that their patience hat act that it these things. I've been basically how it works is they and parole patients with type two diabetes. And who have food security eating not clear where their next meal might come round or by the end of the week. They're worried about ready at a foods and with a low income population. And then he spoke and roll and they go through a lot of education about it. Healthier eating and managing diabetes. And then each week they come cute their health matter and they work with teachers net. And dietitians. That week food and they get. Ten free meals for themselves and whoever is that in the event in their house all this healthy nutritious food. And then help them live healthier lifestyle they need and pretty incredible result. OK so let's go through it again fifteen hours of education right just teaching them about nutrition. Followed up with ten freeing nutritious meals for them and anybody else that they got a couple kids. And what is comprised in these meals what do these meals consist. A lot of pressure that eaten fruit apple greens. Healthy dairy and meat. And at that we talked with when he sent to is doing at Pennsylvania and it's bad at it a lot of back to before. Yup it wouldn't buy a fresh fruit because it's a lot more expensive and and other things that I'm not used to respect. That he get it's the elephant and that the ten meals a week so two meals a day I think we none correspondent based in a program that pretty well. So what would the results at the patient level if you will did you. Come back in line with what happened. Yeah all of these president fund he can be talked with that Rita Kirk and eat grant. Eight grandchildren and three of them went with her anything that weight loss is not the main goal of the program but of course that happened out there a lot of folks. He lost 45 pound. On the program. She's been doing for out of the year. And her 81 Elop. Dropped significantly after blood sugar level and they think those are not a typical result of that program. How about from the health insurance company guy singers perspective he had they been able to monetize this at all because there. Their idea was pay let's let let's do this in order to cut back on the cost of health care that we're providing to our our customers. GAAP. It cost about 2400 dollars repeats and work per year. And they ate so far they have eight at about 3070 secure on their health plan. And that their data show that the cost for those pizza dropped by eighty ports and shipments average of 240000. Dollars per member per year. The 40000 dollars per member per year that that they're pretty ethnic and financial results the buyout. I would think it. You know Kaiser in blue cross blue shield and partners say I I would think this would be something that would spread like wildfire throughout the country. Yeah I yeah. Though it. I think it says they've gotten a lot incoming. Question that how to replicate this program motivated now they're trying to expand that. It's a really interesting way of going after prevention and eating things that we don't know about rape are predominately to be healthier exercising more but we have to eat a little more support to be able to do it and answered back really can work. He mentioned something in your article called Berry after surgery in that a lot of type two. Diabetes. Patients go through very after surgery what the in what is that should restricting how much you can meet. Yeah have very ethnic surgery on it there obviously a surgical approach on cute. Are we ought not and they're very different procedure that you can do you that potentially out and it it means restricting. That the capacity of your Hispanic. Until it can be a pretty major surgery to go through and can have real except for folks not but. And people say if you could try something like that first and it might work for you could be early adoption. It's pretty dangerous isn't very after surgery. I I have to get that eight on our he didn't. But I'm going to. It would make thank you for our for writing articles great and I appreciate your coming on the show with a per share. I think Tucker it was geriatrics surgery that almost killed Charlie Weis memory the you coach for the talk turn it has. Yeah a lot of people have had bad results admitted it's it does miracles for people but it also. You know stapling half your stomach closed in just think about it you know it's that the wave it's a natural gas. Another thing you might wanna do if you suffer from diabetes and many of your book to read but need to book tied it two years what an argument to. Endorsements for books progressed one is called the China study. It's all about aids begin died and I tried it that I've problems like meat too much. And the other one is fast diet CI I don't know if you're diabetic if you can fast I don't think he can so I don't know Fowler Amanda. Not not reckon I'll of people that detritus that just as you want improve your died at the China studies could for diabetics. OPEC is there needs be they cite cases where. Going to be in diet. Passes in limited cured diabetes. Both one and two which you know mind boggling. The fast diet there's actually another story but that just the of the dad did we do build that into the stack about. The fasting diet and in people's experiencing miraculously loss from her through fast but that that's a one day a week. Well no the the that for weight loss what you wanna do is two days a week where he only five count 500 calories a day. Not a week you loose it's just unbelievable. That bet. Does this study sites. The book is called the fast diet that's when I read my wife and I passed we do the one day a week fast. Kid has looked great I'm envious my wife looks great place though among. A minority that's I don't do team. North Korea is rapidly. Upgrading their nuclear site. I've got an act that act I act that this is so all done I let the president had already won the Nobel Prize for this but a shocking shocking bit. The North Korean regime is lying and not doing what it said it would do. Is this firm called 38 north it's in North Korea focused web site even go to 38 north. And they. It published by the Stimson Center a Washington found that Pyongyang in recent weeks appears to have modified the cooling system of its plutonium production reactor. And directed a new building. Near the cooling tower new construction could also be observed at the sites experimental light water reactor to the root. According to the report. President trump is not going to be happy those idiots and active true. I continue to worry that you know despite the happy time earlier this month this. Winds up with the US air force taken out big chunks of North Korea it just doesn't may be the way past and that the I. I don't think I think what the president did here was said look if you wanna play nice will play nice and give me a chance to play nice in in these are terms and this is what's gonna happen. And I don't think he's gonna say I think he's just gonna go to Mattis and say okay. They didn't adhere to what we agree to and some morning we're gonna wake up and north Koreans can be turned into parking. You know they they that's just. They're kind of guy I think we have been at the unfortunate part about that is more than a million people. And the super fortunate part is how close soul is to the border and a lot of movies consoles sold and even can be you know in the time that the US. Would be attacking North Korea humanity image that marker can inflict on South Korea just with. A billion people to to the artillery and it's a million people die if if we. If we do what needs to be done. And 40000 boom of the Americans because that's how many troops we have in in South Korea so. That's they there there's a price to be paid the US unemployment or notes to trivia he is it time for trivia here tuck. Thirty seconds I don't know if I can find it is true and which have an idea how but I do trivia trivia question of the day. Which we. Let's historian back Ari it would what's the price. It's a fifty dollar gift cards to the one and only Arnold's in east really daughter clam bar. He like fifty bucks. If you like stuffed clams. Best bait stuff Blanchard Arnold's via their lead chaff Andy trivia will be our next topic eight Dow was up 63 points oil's up 89 cents a barrel at 7365. Peter how do we speak today. The way. You know recoveries over it knowing when cable news in the Kosovo before joining us here on the financial extreme. 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 -- protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- 8668485699. That's 8668485699. You can also download it right now by logging -- legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free guide demystify -- at 8668485699. Or get it right now it legal exchange -- dot com. Hi this is very Armstrong and like you I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your portfolio and if they are you should call me right now to get my free guide the truth about annuities are many to choose from and many are designed to provide income for life but there are risks associated with each purchase call now 803934001. Get your free guide and learn the truth about annuities that's 803934001. Where you can download the guide right now at Armstrong advisory dot com. Dirty suffered histories and are incorporated liberty recipe seen advisory services are protestors American budget incorporated Barry Armstrong represented a strong advisory group the securities and our companies are unaffiliated guarantees of them claims paying ability of the insurer. Are you having problems the blocks incur a 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 Palmer 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 of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. Eat six to 119781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Mass master license number 10183. Again the number is 781. 862119. No I oaks 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 an. Correct I mean if you think about it traditional investment lets you go out in your bias CD it's paying you 3% interest. You're paying taxes on that interest on your 1040 every single year. With an annuity you might be able to get that same 3% rate of return but all the taxes are deferred and he decide to take that money out. I can't be an advantage for somebody in high tax bracket today. Other benefits that are on their you have the ability at these writers either income benefits or death benefits on annuities are and that's where things get a lot more complicated and 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 with 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 80393. 4001. Or go to our strong advisory. Dot com. Securities offered through securities America incorporated member funeral SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong represented Armstrong advisory group in the securities American companies are unaffiliated guarantees are based on the claims paying ability of the insurer. They say video adds ten pounds. But don't tell Barry and Joseph like the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. Likely find it on the text line for a one rights bearing fasting and photogenic diet go hand in hand. Check out the book called that burden on in this so do that to 978. Susan Kato diet which is again Kevin Jennings diet. Basically helps all the diseases. Turnstile at the Cato is that's when where he lots and lots of not really fat but it's like. Have you meat veggies and actually no carb so whatsoever pretty much stay away from current and non dairy. No dairy no that the problem. I vitally rights or sweets I had gastric bypass surgery it's an easy operation most time you're on the table for about 45 minutes so maybe I'm wrong about gastric I thought I'd read it. They 45 minutes I just tell you whatever oral changed its long government. It's the marketing. If Andy Kennedy the senior associate justice of the Supreme Court announced yesterday that he plans to retire at the end of July and will be testing your knowledge about Justice Kennedy. If you are listener and text her number six you'll win a fifty dollar gift certificate. To Arnold's. And the question is which president appointed Anthony Kennedy to serve on the Supreme Court. Again our text number is 63566. If you have not texted me before you need to put my first name at the beginning of your text message Barry BA RR wise if your first time text or. And which president appointed if any Kennedy to serve on the Supreme Court. 6356. Sixes or text number Peter will announce the winner in just few minutes. And not just Arnold's Arnold's lobster and clam bar located on US route six in beautiful east hand Massachusetts. It was the winner of the Cape Cod stuffed clam contest I went down and relax a stuffed clam I would down their last year and they said OK we can have whatever you want I did. And they never invited me back. To clean amount likely about the this likely to I welcome back pay you noticed that Asian locks it down ahead Nate into some pictures in but I guess I eat too much in order to warrant a different Clinton's generation back to what Arnold claim amount made it to the back this year. Wednesday that price say okay come back but we're gonna limit your intake. Maybe. Atlantic Ocean replenished itself that you spend at least they're ready for me they're ready or. Claims nearly driven to extinction by her arms around it. Recovering nicely now. The US unemployment rate was three point 8% at the end of eight. The US unemployed and underemployed rate that's that you sixth united talk about Peter it was seven point 6%. The company that's combination of jobless rates plus individual workers who work part time purely for economic reasons. The US unemployment rate. Was 10% in October of 2009. And the unemployed rate and underemployed rate was seventeen point 1%. In 2000 and look how far we've come. That is fantastic idea especially that latter number dropped him from. Seventeen point one to seven point six. Unemployed or underemployed. And the you know I know a lot of people are pulling their hair out about. How hard it is to. Recruit employees and even what this is gonna do potentially to inflation but it is great to see. What's happening with people being able to get jobs and. Actually see some key races the first town once you actually have labor shortages in you could have a recession. Due to labor shortages which we have not seen. They think about the last time you saw an economy going to recession because it couldn't find enough workers and that is conceivably what could cause. The next slowdown. It may be in May not be the worst thing in the world today to have a recession but. The the I I don't think it's going to be a recession coupled with 10% unemployment rates again I think it's going to be a recession that. Employers say accompany whether it be General Motors or Raytheon are IBM says. Yeah a week we want to take on new business. But we can't find the workers to help us take on that and whose new artists. He'll manufacturing in New England such an incredible from thousands and thousands of great jobs that you know you would be making 708090000. Bucks a year ago. Working and skilled manufacturing and they just can't find the people. Talked to matter if you ever have the occasion to talk to somebody in the electric boat there in Groton Connecticut. The victory if the problem they have is twofold. One. Finding the workers to work on submarines is you know by the skill but then getting him cleared through the government takes. Get accomplished texture of the five await corrects me you were confusing to paley who died in the Quito diet nearly owes me similar. Bentley and no cards while Helio is or cattle to me is 80% fat some protein in the world veggies so. I was on the LA products I shouldn't gnome or I I appalled as the best listeners ever. Yes martial arts wickets Matt people. The threat the threat of state and asset protection planning can be overwhelming where do you start and how do you know what type of trust is right for you and your family. Perry are strong here and with the numerous types of trusts that are available. Cushing and dole has a brand new guys out called deep mystifying trusts that will offer you a roadmap as to the different types of trusts that exist. And help you figure out which type is rate for you in your family. Do you need to revoke Mobil earned your revolt will trust what is the difference between the two. Should you consider special needs stressed or life insurance trust we're in the tax implications of each type of trust. This guide will answer these questions and more so called right now to request the three guided 8668485699. That's 8668485699. Or we can download the guide right now. By logging on to legal exchange showed dot com learn how to reduce and potentially eliminate your state taxes and protect your assets from the nursing home. All at the same time call right now for Todd let's east. New guide called. 8668485699. Or legal exchange showed that top. Sorting in Puerto Rico is gonna become a state. No you don't. Now a it's like this big move NYNEX are. Bipartisan legislation. Two term Puerto Rico in to a state 36 members of congress 22 Republicans and fourteen Democrats but I'm just gonna see it out loud it's not gonna happen because it's two more democratic US senators. And I think the Republicans are sending and it's acute very cynical game that they wanna look like. That they have a lot of Puerto Ricans or Latinos generally and wanna look like ignorance at the nice for Puerto Rico and they know what's gonna. It's pretty big idea pretty big it would be a big stated three million people. It bigger than Rhode Island bigger than Vermont bigger than New Hampshire bigger than me right and it's the UB. The population wise be equivalent of of connect. And almost certainly though economy almost certainly for more democratic congressman and two. Democratic US senders. And I don't think Mitch McConnell and Paul Ryan are signing up for that. Now they coming up will be joined by Emily badger from the New York Times talking about San Francisco. Restaurants and wish you talked in the past about how there's labor shortages. Really DV a demonstration of what happens when labor markets get very tight. That's occurring in San Francisco and it will be our next story on the financial exchange. Barry and chuck. Ex justice is the financial exchange radio network hi this is Barry Armstrong and like you I've watched president trump lay out his agenda very carefully because I know the decisions he made may affect my clients -- a fiduciary which means I make decisions that are in the best interest of my clients many of whom are retired or have reached retirement age as you get older annuities may seem like a popular choice to add to your purple 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. Juries are for two American corporate members in Ressa PC advisory services are protestors American budget incorporated Barry Armstrong represented a drug advisory group to secure listener to companies are unaffiliated guarantees of immigrants and ability of the insurer. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rant collection product called zebra and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required dizzy rent technology Tillman McCall does he ran team at 7816. Or 18691. That 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691716418691. Or zero rent dot net. State NASA protection planning can be overwhelming what do you start and how do you know what type of trust is right for you and your family this is Todd let's -- in with the numerous types of -- available I've got a brand new guide -- demystify and trust that will offer you'll roadmap as to the different types of trust that exist and help you figure out which type is right for you and your -- -- revoke a bowl or an irrevocable trust and what's the difference between the -- should you consider a special needs trust or life insurance trust one of the tax implications of each type of trust my new guide we'll answer these questions and more so -- right now to request this free guide at 8668485699. That's 8668485699. You can also download it right now by logging on to legal exchange -- dot com learn how to reduce and potentially eliminate your estate taxes and protect your assets from the nursing home all at the same time call now for my new free guide demystify -- at 8668485699. Or get it right now it legal exchange choate dot com. 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Security suffered two securities America team members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new text club by texting the word ferries to 63566. So your first and last name and get involved today you're listening to the financial exchange radio network. The financial James watching in part by leader bank. It's not too late to your great rates and homework leader bank has some of the most competitive rates around. Call 8776917. B 900 or visit leader bank dot com for more information Peter bank is an equal housing lender. Member FDIC NM LS 449250. San Francisco workers. San Francisco restaurant can't afford to hire waiters. Waiters can't afford to live in San Francisco swift and we have on the line with us Emily badger from the New York Times who has the story about. Upscale self serve restaurants where it's. And we sounds like out of necessity they simply. Can't get people who can afford to live in San Francisco and work on a waiter salary. Yeah and they. Think the restaurant that in some way is kind is as broke as the model that they're working with Affleck Coldplay or even for the current account scale only factored restaurant. Larry you know you walk up your honor he. Interact with them when I read security iPad. You place your order and then you can it go out to be prepared for you. You know that the carpet we're all familiar with that it lowered down at the same racked up and left and it is about what's happening here is that the go at that. You know a lot of reference there to come out of I'm not. At that I banging like aspirations are picking up the model and the they're using it in a context that he hasn't really been you've been there or would it. He had pared their their thing it fairly but it you know it's you know you might hey. 1618 when he dollar a bunch of these places but if they're serving at you without the benefit what app because. You know they're basically arguing which one afford to hire waiters we think he trained diner. He would be willing to eat at a night they get yelled while doing a lot of the work and. So you take a look at a Greek restaurant called soup line. We're you pick your own table you pour your warm water glass. You've got to the countered get another glass of wine. This mission numbered that it's a forty seat restaurant but it's now cranking out 900 meals a day. Yeah yeah I mean that. Pact that fame made it worry if it it was traditional type out restaurant. You know my eight to be able to that are. 200 meals the day you know if it repeating that it it's typical lunch service and then there are as you know maybe a repeating it. You know to create the diners really at dinner time. Though is how it's able to do that much much larger number. You know part of an impact turner they're as turn the people that are much much faster than typical urban. So with the papal that you have they're getting a lot more diners in and out there. But the other part of it is back there hasn't been the model of what they're getting there he can do is cute taking out. And it happened since then the lovely bit limited amount that they only prepare a small number of things that they tried to eat very well. And IA unit in the back of that in all of this in the secretary equally easily beat coded threat they kept it. And I don't know about half of those 900 healed but the 140 restaurant. Are being eaten by people who are actually eating in Pakistan after you know their people who watch it. Area out. Or it's a tremendous amount. A delivery that's happening after the a lot of other cities that would at but it explosion of delivery service that there will. You know bring it here how from wherever you like it is out. A big part of the expect that the model has the with the fact that there you know Natalie you're not providing all purpose the diner in the restaurant but they're not even really serving more than half of their consumers because the people are never even without an error on a. And you also have amazing numbered here dude really brings home. How expensive Steve Disco is getting him you know Boston very much one the same lines. Restaurant called charting the arrow where and in 1997. 27% of her of the cost for labor that's now up to 43%. Of the budget and that just seems. At some point unsustainable trees. Certainly let you know. That yet entered and made. They expect and what I mean where that this saw had it from the standpoint. Change at a record by Scott. If they completely inappropriate because the numbers basically mean that. Her profit margin has gone. In the B 15% down to less than I'd. And you've been agreed to play when your labor costs are increasing link between that. You know that when there's really only so much that you can use cute trim other budget. I am so you know he's still need to have people in the kitchen preparing their if you can't get it if you're cooked lunch at your dish washers that you said. Here but it upscale restaurant like that. You can hit Aaron you know trying to decide menus that let the labor intensive and the kitchens that you know how it is the last. Empty knife fork involved. You know might as well a little bit on labor costs that way. That you could I as an important part of real surprise there. Machines and other occupant that the city and that's really not as effective as strategy is people would get as. I you know I think a lot of people are it was under the current and able labor cost but I'm not the art what made things happen that pop up on Amber's. But the complete that are really quite and even though they're a tremendous amount of wealth sitting in the community and I bought an infant go. He can't even really wealthy people look at a menu and say you know I would have been fifteen dollars on an apple and why would I pay twenty dollars for hamburger you know that maybe. What the rest fantastic argue in order to make it higher place I mean holy Bible. By consumers and look at numbers like that and say you know. That the extent sent by it is making my own hamburger home at this price point. So yeah does it and make it limited in the strategy that they would like to try to compensate for the writing an apartment basically in either hadn't had a that they feel unstable a lot of structure. And we badger from the New York Times Tagamet and Cisco restaurants putting diners to work it's a great story in and we thank you for sharing the story behind the story with us. And Iraq. Naturally do that. You know and if I'm gonna go out to a restaurant idol that you know when it let's accent the wash that system and the like you know. Although would I do like about it reminds me of there's a great place in Newton called form real which is wonderful Greek food and it's it definitely is an upscale counters service. Place and I eat you know it's it's a treat to you know go there and it's definitely take steps up. They gonna jar by the cash register so why not like it's a table service we took in 20% exactly as agency you know are the prices. There. I would describe it is premium priced it's kind of a twenty dollar dinner the twelve dollar lunch now companies. But I think it's. I I see this really potentially taking life and you know moving up the chain from house of pizza to more more. Types of places where you know. Especially as hard as it is to find and routine waiters and waitresses these days ago. All current trivia question was which president appointed Anthony Kennedy to serve on the Supreme Court correct answer was Ronald Reagan he. Pointed Anthony Kennedy to serve on the Supreme Court in 1987. Following the failed nominations of Robert Bork and Douglas Ginsburg. Douglas Ginsberg and the marijuana. That was his and do do we get a winner now we do wind up with Charlie Merrill obviously they'll now in the thirty years ago. Our winner is Aaron from Belmont New Hampshire beautiful town a pilot coney rate your lake when the psyche. Aaron thank you for be in the sixth texture to respond with the correct answer Ronald Reagan. And if you are willing to come down to Cape Cod we have a fifty dollar gift certificate for you at Arnold's. Lobster and clam bar and you Estrich six and east in Massachusetts. Their lead chef that Arnold Susie. She has won the Cape Cod stuff and contest. For the third year in a row and so Aaron hope we see you there and the real guitar and Arnold's pick up the great food you can call 508255. 2575. Or visit them online at Arnold's restaurant dot com. And be sure to get the stuff. Clams just the same Arnold's it hasn't invited me again yes that's for. Eight too much the last US oil exports reached a record three million barrels a day he lastly holy smokes. At that that's a greater amount than is pumped each day but by. All but three OPEC countries that's of these were exporting three million girls and even steal. Of oil now 79. Dollars a barrel I got to get a price for oil is trading prices as MP3 yeah three but Brent is as much. Yeah no it's remarkable on that just to me speaks to the robustness of the global economy you know at Bremer incredible demand for energy and now. China India all the emerging nations. An endless supply is distorts the supplies being drawn down. In a couple of years ago there talking about the there's nowhere to put the oil they're pumped and all the solos note nowhere to put he had barges out at sea. Holding oil is there's nowhere to put it now there's plenty of places to put. These Dow is up 26 points the NASDAQ up 22 points Russell 2000 that's small cap indexes down about one point nine. Been a great day so far. And hopefully the trading will continue in positive territory suitable.