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Full Show 7-6-18

Jul 6, 2018|

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Work your favorite news photos and sports updates on your phone AP mobile from the Associated Press the new AP mobile is now available for free and I took AP mobile where the news gets its news. Hi everybody it's very Armstrong and I'm joined today by Todd lots beef from the law firm of Cushing in dole and with your legal exchange quick tip of the day. A recurring statement taught that I've heard from listeners in the past. Is that once you transfer your house real live into an irrevocable trust you can never sell you don't have the right to sell year old home. Is that true. Also it's not true because in this case you as I said to a lot of people controls always an issue. You get to keep the control over the assets in the trust even if you're not the trustee and one of the big items that go in there is the home often times. And certainly you don't wanna lose control over your home I get that I wouldn't put that in if you didn't and so in this regard not only are used to living there. Paying your bills out of your own personal account your real estate taxes utility bills none of that changes. You also have the ability to sell the house simply put on the market so that it is no more complicated than it would have been had you not had in the trust. And most importantly you will not pay any more. Capital gains taxes and you would pay. If it was not trust you would need your trusty I would think to attend the closing. That's right the trustee would be the ones selling signing the documents to sell the property you're absolutely right but node negative tax consequence to donate that's an excellent it was put it in and they think I've made half a million bucks on this house. It won't pay that tax if you're married you still get your half a million dollar capital gains tax exclusion folks no adverse tax consequences. Obviously there are a lot of misconceptions. About Medicaid durable mobile trusts. If you'd like to receive tots free guide for the month of July call 866. 8485699. You can download the guide immediately. By going to legal exchange showed dot com that's. Legal exchange showed dot com. Or call them pull free at 8668485699. According to consumer reports nearly 15 of available mutual funds have raised their expenses over the past five years a mutual fund with higher expenses doesn't mean you'll get a higher return Armstrong advisory group has written a free guide to help you understand these trees some call 803934001. And get yours today call 803934001. Or downloaded right now and Armstrong advisory dot com securities arbitrage securities America incorporated an advisory services are registered as a marriage advisors incorporated member can -- see Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated if you're landlords looking to find an easier way to collect rent payments than you need to hear about leader -- -- line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net as we get older. Estate planning becomes that much more important hi this is Todd let's ga partner with Cushing and Dolan and if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like cures for more than thirty years with their state planning needs we've got a new guide out this month called. The top misconceptions about Medicaid irrevocable trusts this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trusts and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show dot com. Are your favorite news photos and sports updates on your phone when HP mobile from the Associated Press the new a T-Mobile is now available for free and iTunes AP mobile where the news gets its news. I know. This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the very Armstrong and chunks. It's. The. First Friday of the month. July 6 here twenty teams that means it's jobs Friday hi everybody is Barry Armstrong and Peter Howe with you here. And I'll tell you Peter we got jobs report it. Pretty darn strong when you. If the numbers despite the fact that the unemployment rate went back up to 4%. Head by a great 4% at 213 thousand jobs which is a decent number for the month of June. One of the details he get into that I really like is. Department of Labor now I'm revising upward April and may think 37000 more jobs than it was even better than we are told and do those are pretty good reports back in April day. And now they're saying yeah there were good and now they're even better yeah. No Beck that day I felt like you know 300000. List and every one Agassi amateur that we were. Even with the economy roaring about metro bureaucracy. That gambit this is great and it's a quirky thing wouldn't forget too much about the unemployment rate beam back up that bounce around. Well I think what that means at least my interpretation correct me if I'm wrong. The fact that it went from 38 to four means that people are coming back into the workforce. And there's a lot of evidence of that fact. And we'll talk about it that. Might eat the I I think this is positive that it goes from three to four because it means of people that'd said. Yeah I'm never gonna work again or. A permanently disabled you look at the disabled rebels there declining for the first time in history via its ever seen social people come off Social Security disability before. In its happening. What's it becomes a good enough deal and you know that some of the other stories you're seeing about. The job market. These days incredible piece on CNBC about companies turning to felons and murderers yeah Fred. Because there and such a such a struggle to find. Workers and you know it's. Positive results in terms of a right and you know even some. You think about the impact that has in terms of social welfare programs right here you take somebody that. He had had been living in a halfway house. Government supported living on food stamps living and it's free cell phones for utilities right. And all of a sudden they say Jack can go and work at a factory. In all make seventeen dollars an hour and I can afford my own apartment I don't need food stamps and more like you mean all you. The a strong of a strong job market cures a lot of problems. And and it's so it's not only the increased tax revenue. But in addition to the increased tax revenue the decrease in social spending. Now on I think you know just about everybody who moves off welfare and hundred job just feels better about themselves they feel. Like better parents the primary bettered Amber's yeah right if if if if you're have a job you're less likely to commit crime. It makes sense to me labor participation rate 62 point nine. So that Camille Little better I can always be better AV. I I wonder. You know I think part of the reason the labor participation rate I know part of the reason that labor participation rate is. Lower than we would like to see if it is related to drug addiction if you read a study he did if there is a study done by Princeton University. And the east they're trying to figure out why BO PR's so low and why. Men 25 to 54 is is that labor participation rate so low and there. And it's really the they attributed to chemical dependency drug addiction oxy out I don't know Harley engines all the all the different addictions that are out there. You know contributing factors the use six this is the true level of unemployment that includes people who are working part time see you might have somebody. Current involuntarily working part time wanna be working full time but yet there working at Home Depot or Lowe's right it's not be in the big be happening take more hours. But if your home before lows do you really wanna give the guy full time pay not Zenyatta paid 2000 dollars a month towards his insurance Cuba 29 hours. And that the we all know companies do that even in those instances companies are having difficulties because what's happening is employees are saying. Well look if you like to me for 29 hours at thirteen and our. I go work at the nursing home and they'll they'll pay me full time hours that train me and I'll be making sixty bucks an hour. And that's what's happening that is what's occurring in the economy putting pressure on employers and you seal these. Asterisk these days about trucking companies that are pulling their hair out to try to broker drivers. We you never see is trucking companies raising pay by 20000 dollars in order you know trying to. Set things up so that. There are a lot of railroads that have successfully set up their districts and such when that if it's here Brickman conductor get on a train. And they go for hours and get off the train in the they take a train back home the other direction and so that their home every night there working eight hours a day and why tracking companies can't do. More of that because you know there at the current rates of pay in the trucking industry. 70000 bucks a year. And you expand you know eat teamed up nights on the road will not only that piece of health. Yeah actions you you. It trucking if you look at dangerous professions from an overall health perspective trucking is one of the worst because your diet reality sedentary. You're sitting in a vibrating cab. Right see you knees your back everything's getting jaw jostled around. And then couple that with a lousy diet Rite Aid if it's a bad recipe in terms your help our truckers are gonna have to get paid truckers are gonna need. The well is an episode an issue of supply and demand is. He is just simply going to be something where. There's not going to be enough and those 20000 dollar pay increases that you referenced that's what's gonna but right now they need them they're not gonna have any choice and technology. You know driver Lewis tracks also you know some of the systems C weir yeah. You might have one person. Leading twenty. Semis and the road do you think. You know thick and figure a way to do that safely rate Betty you know I think. Kind of an intermediate. Semi driver Lewis and that to make a bad on. Semi driver semis here you know you got at least one person who can see what's on your Internet. Completely unguided out there in the middle of Nebraska he's somebody who you know can see if a tires on one of the ten. Yeah if you're not gonna see. It doesn't appear even with this administration doesn't appear the Eunice the proliferation of pipelines. You know in it if there's no. Indication that all the sudden there's going to be change in federal law that requires. More pipelines because the states have some power. You just look at the situation for us trying to get electricity from the back down to Massachusetts. To do it neutral. Main may however remain well and that means that our sentiments are. Mean if the people in Maine are a lot smarter than the people in New Hampshire because they're looking at insane. So if you if we let you bring the power lines through our town where he had half a million bucks a year. And we're gonna make you upgrade our wireless coverage and we're gonna make you pay for broadband am I gonna make you. Get subsidies to the Whitewater rafting companies it's just you know it's just name your price right and it's you know. Is centrally power in the utilities Massachusetts is like as a just keep putting twenties here in the hands of people and maimed them once the stack of twenties get time enough to get to build there Arlen. Wages were up point 2%. For the month and two point 7% for the year. Now which you as a as an employee I really like that I call me when it hits five. You know then that that's. That's the number. That I think. You need to see for wage growth to just catch up member of the years where's mine answered it flat is yeah no wage growth for her for for ten years certainly. Now listen it's two point seven and in the bit the Fed's worry that it's inflationary give me a break from poor people and had a raise in five years. Well and you hope to meet you can't complain about income inequality and then complain about increases in wages. And I just elected you know the whole country. You get up to that 5% annual wage growth that would have a huge impact on how people vote and how they feel about their lives yup. I I get us kicked the the big the good news is that. You are employing people that I have not been employed in a long time. Number one problem for business today. Is finding qualified workers was the last time you heard that. I know it in this amazing data point that for the first time we now have more job openings yet have we have available workers. To Phillip six point seven million jobs. And you know something like six million. Unemployed people who could. Who could fill those jobs yet and of course you know there's if there's in coral mismatch between what those jobs are and the skill set of the six million people and how many people wanna drive a truck or wanna work in a factory. You met him there's a real mismatch in terms of what people think of his job they wanna do now. Well we the it's Garrett you know there's always a shortage of nurses for instance but you talk to their people that are running resorts this summer. There stuff control keep in keep and help me and finding help they're they're paying dramatically more in wheat this year than they have in any year in the past on economic Cape Cod and it's like the United Nations. Yes I mean I I am a huge fan of hard working immigrants and temporary. Workers come and to the cape and it's amazing that the tennis public market my favorite places to go to. Get great stuff to cook on the grill. We've got you go in there and it's. Go from Slovenia and Dominican Republic and people's broken China yup and it's just asked name is C units. On the one hand where is that in Hyannis side Dennis oh Dennis yet we succeed Dennis replace. And the it's. I'm on the one hand you like the idea that she would be great if more American teenagers can get these kind of traditional summer jobs that certainly I had and I don't take those jobs and more. And we you know it's so frustrating how many schools go back in the middle of August and so you know you the employer. Can't. Give Jeb somebody who won't be there for the last. You need her to Labor Day knowing ya know it's it's a it's a challenge. The government the federal government is invoked a law that. Will require the IRS and State Department to deny passports or revoke them for taxpayers who have more than 51000. Dollars. Of overdue tax. Debt in enforcement of this law began in the month of February. Our poll question today is due to that very subject. And I'll read to you do you think you should be denied a passport if you do not pay your taxes. I do I visited I pay my taxes so if you don't pay your Peter I want your passport design at all what you. Splitting off to France or something in and not paying your federal bill does that mean that paid more. No and I am fully up to date on taxes and actually of always pin on my life might buy it when I was a young man my dad was an attorney said BJ. Just don't ever cheat on your taxes I just don't ever cheat on your taxes if it's good advice a lot of people got into a lot of trouble but it it this deathly get your attention. Being essentially put under house arrest in America. If you haven't paid your taxes some complaints. The story in the Wall Street Journal by Larson under some complaints about this is kind of typical. IRS. Being you know very party in. Connecting with the State Department says that rather than you getting a thirty day notice. You know in Sunday's answer the same day like pay. Your overdoing your taxes and you can't renew your passport and you can but you're you're trapped in the country bit. I think we're trapped out of the country the idea that you could have 50000 dollars in unpaid taxes and still get a passport be even that kind of rubbed me the wrong right that I might as it. 51000 wise and it 5010 right right. Anyway our poll question do you think you should be denied a passport if you don't pay your taxes. You can participate in the poll by visiting our website financial exchange showed dot com or you can Texas at 63566. When we come back where it talked about why mortgage rates have fallen to a three month low does that create an opportunity you Bennett does that's next on the financial exchange. We'll look Cunningham should do business and financial. It's the financial exchange with a very Armstrong and jugs on on the financial exchange radio network. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to Tenet's -- called the Z deposit teen to get started at 7816418691. That's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank a step ahead. 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 and believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. 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. 1190 that 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 781862119. No. Everybody it's very Armstrong and Jay to Jay is the executive vice president at leader bank. And we're here to talk about a brand new product available for landlords it's called Z deposit dot net Jake. What EU'S_Z. deposit. Barry we created a security deposit product. To really help the problem a lot of blame border facing with security deposits which is. You know one it's time consuming to open the small enough security pop number sons now. And yet to go into the bridge got signed paperwork and their small dollars and Andy turned. And it's likely to complaints in Massachusetts really tough for landlords and security deposit accounts. You have to give them ten in certain forms when they open up the count and you have to pay interest and you. And we should do all this canal through Z deposit all of that you can do through Z deposit it literally takes about forty seconds opened up an account. We handled the automatic forms that are generated in the count number department commission statement all that since the tenant. And the interest descent to the tenant. Automatically every year. This sounds like something it's going to be very valuable to large landlords it might have 200 tenants and small landlords and might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to managed so we make dad very efficient. For the small landlords a lot of them are afraid of nineteen complaints done correctly that 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 tendon deposits to great concept you might wanna learn more about 7816418691. Securities offered to securities America each member Sandra SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If part of the financial exchange in an instant. By texting us and 63566. Starter tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. The financial chase brought you part by leader today. Thought to me get a great rate on home mortgage leader bank has some of the most competitive rates around. Call 8776917. B 900 or visit your bank dot com for more information. Leader bank is an equal housing lender member FDIC. And now last number 449250. And the poll results thus far 76 point 4% of you think that. People who do not pay their federal income taxes should have their passport revoked a 23 point five are saying no they should not. And the renegade factor will maybe they haven't paid their taxes. I hope not I that would be depressed and think that. 23% 100% of our audience or tax cheats I I have. A higher opinion of the financial exchange the listening audience well you never know you never know we've got a lot of libertarians. Tune in the tri 3% it's on New Hampshire live free or die. Yes yes that's right. Let's take a look at our next story which has to do with mortgage rates dropping to a low level that we've seen in several months just a bit. Four point 52% for the average thirty year fixed rate mortgage. Down over the past three months from Freddie Mac. Part of Freddie Mac data but you go a little deeper to this mark wedge. Story and you know yes it may be a little easier and cheaper to get a mortgage but then you got to find house to buy the right and average core logic says averaged nationwide home price. Was seven point 1% higher than a year ago in May and these. You get you know we've talked about the how many people feel sort of stuck in their home like we'd like to sell bit. And then you gonna go find some other place. Apply in the security have that place it's really tough yeah you know yeah it about five years ago you're they can be you feel like you genius pregnancy. You're retiring to indicate which seems to be in place or Brady retires do. It you then your OK you sell your house. It upland. You know in the Boston area where there might be and you get a lot of money for an in your movement indicate that if you're selling. In Boston and then trying to downsize. I know friends say to my wife and iron actress position we're looking at San. Why sell. Yeah it they doubt that it's a lateral moves so you sell your big house you wanna move in to something small but the smallest just as expenses the big one. So just keep the big. And you look around you know the there's this new scene in the million dollar bleak box that you know you. He's incredibly high prices historically forward just on how are lower open its. Pretty darn ugly and you know the first thing you wanted to do was put 300000 dollars ended. Picked it up but tech corps logic fines or an extra month 15% homeowners 20% of renters want to buy a house the next twelve months. But only 11% of people who own house now wanna sell so there's you squeeze in in Val there's your squeeze verdict that means prices are still gonna yes. You don't resist that abating at all. This story as it relates to mortgage rates does create an opportunity for those of you who may have missed out on refinancing. You know that that's the one thing that good news that came out of this and thinking to myself. You know if you've got some outstanding debt to see if some car loans and some credit cards they meal money and your taxes. And you've got a lot of equity in your house maybe you refinance it maybe this is the last erotic get a decent rate because. Once these trade wars get behind us once once that is. Settled and I think that'll be settled in the coming months I hope you're right now I hope I'm right to confirm if I'm wrong with the general problems. But he he gestured to trade worse then I think you could see mortgage rates going up from would you say there are four and a half. Four point 524 of the thirty year and fifteen year fixed rate mortgage three point 99 CL a tea what you get through the trade wars. I think you're looking at mortgage rates a full percentage higher. In within twelve months so you're looking at a thirty year fixed rate mortgage when you're looking at twelve months from now Peter assuming the trade worse our subsided. You could be paying five and a half. For that thirty year fixed and unite pay that down write me with there was that long ago at least didn't feel that long. I think my first home mortgage that it one in on up to kind of my brother was over 8% Hillary you're dating yourself perhaps. If it way and that you know back in those days if you could scratch together. As you early nineties two hundred this is the late eighties via media. 87. If you get scratched again an extra 150 or 200 bucks and applied to principal -- you would take five years and three months after the mortgage repayment because your it was so front loaded with debt and boy with a feel great yeah. Well I I I do think you're gonna see mortgage rates going up Powell rapidly. Difficult to forecast but you know ED the thing that I think is holding rates down in and there's been a flight to safety. In a ten year treasury today Peters down against 282. Unity to and I think this flight to safety is due to the fact that people are fearful that the trade war will incite a recession. I don't think that's gonna happen were to talk about tariffs because they did take effect. Today what does it mean how does that impact your portfolio well we'll have a conversation regarding that they'll take a look at the market performance thus far that's all coming up. Next on the financial exchange. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What 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 of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 781. 862119. Know if. Our landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's -- line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank required to zero and technology tell them the coldest he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net as we get older. Estate planning becomes that much more important hi this is Todd let's ga partner with Cushing and Dolan and if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like cures for more than thirty years with their state planning needs we've got a new guide out this month called. The top misconceptions about Medicaid irrevocable trusts this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trusts and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show dot com. Hi this is Barry Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank a step ahead. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all -- bank locations bank locally and -- your gold locally it just makes sense of -- -- called them learn -- call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value -- back a step ahead this is a special announcement for -- landlords chasing -- only rent payments and making trips to the bank to deposit checks -- hassle out of round -- with -- and -- banks all -- rent collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more we see rent your payments for each unit received regularly on the same day every -- tenants pay nothing in the first six months -- free for -- landlords visit WWW -- see rent -- meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today but I do Berrian jug right here on the financial exchange radio network. What I expected much more activity on Wall Street and worsening US and but not a lot of movement in terms of stocks. Oil prices down a little bit down 47 cents a barrel at 7247. Gold trading at 1257. Silver at sixteen to announce. Let's take a look at that ten year treasury because that's what mortgage rates are tied to ten year treasury trading two point 82%. Are we haven't talked about trade yet at least not a lot but the trade ward did take a back to begin today. With terrorists being invoked on a number of American products and of course on a lot of Chinese import. It's ten hours and 34 minutes ago we we did trade war is line and I'm hopeful that it will be off. At some point but 545 different items. That are now being slap a big terror including imports of pork in China which is a huge export market for the United States like I bet on this bill this morning one out of every four Little League east tickets. Raised. Get bread. Turns and export and number one market for export American pork is China in Mexico not far behind right and yeah and China now something like a 71%. Effective terrorist and imported. Whether or not by. American anymore they're gonna buy Brazilian it has a lot of places you can be in not a big barrier to entry. To racing picks right so. You can you can buy them if from a variety of different countries. And they well the by I'm from Brazil the vibe from other south American countries that buy you any number of places and pick those up Australia respects. So eat you know you look at the two countries that buy a lot of hogs. Well the beard they're saying thanks but no thanks right and and where those hogs growth largely in red states and L that's amazing great peace and. Wall Street Journal today very boring Lincoln gesture numbered about. These tariffs are sort of dead dead center aimed at red state America you know soybeans pogs no surprise there those oil from North Dakota well but. Just amazing to me that the EU politically you would race ahead with a policy that is so bad for your best vote. Well eight I think that's what leads me to believe Peter that this is all. Temper and and that this is a lot of posturing. And I can assure you there are conversations going on backed channel in front channel conversations going on about how do we get through this because. Hey this thing I liken it to is. We are weak we are at the the best customer. That China's ever hat right we Wear their number one customer. Well if if your number one customer is complaining about service in the price are gonna do things to accommodate that customer. I I think. Up to a point. But I think the I think China. If it were in an Errol we're at the rise of China. Just can't be stopped and and I think there's it do tremendous sense of kind of national grievance and you know the if you're sitting in Beijing I think you feel like your country it's been held back artificially for a long time. You know and as your time to rise and you know. The tech with people who say if the twentieth century was the American century is the 21 when the Chinese century. But. Two the credit of China you see that the you know that the Communist Party sensors for lack of a word. As. Issued very strict orders to state media don't play up that tree wore no don't go out with a big blaring headlines so it does look like there. Cool heads that are trying to prevail in in China that. It. If this turns into a nationalist. Grievance thing in China may feel like all bets are. Now the baby again it comes back to. You're selling me let let's let's use. General Motors right now and all the sudden. Somebody's buying. A third of their inventory write are they gonna do things to a comedy that customer unity it gets me is this the perspective my balances. China. And and Europe. They need the United States they need to have these trading agreements with the United States arguably more than we need. We're the richest country in the world we I think we represent about 20% of the world well even worldly. 5%. Of the world's population. I I just see. Money talks you know and in what is it that walks. I I I guess the that. Eventually. These countries are you realize okay. And we have been kind of taking advantage of the United States in terms of trick is member a lot of these trade arrangements were negotiated 2030 years ago. Right NAFTA what was that 9096. Ninety. A 96 yes missy go back and say well the world's changed since 1996 when these trade agreements met with China. You know some of them go back to the eighty's he has so you look at that says it will China is not the impoverished emerging market that they weren't 1984. Well so what would you say you think are the most legitimate grievances. That the US has with over tree big the big issue he's dumping. You know where they dumped things like aluminum and steel. And the beat but our manufacturers. Of those products at a business and that's problematic because. Those are national defense issues you put a company out of business. That would make the armaments help make the armaments you need for national defense that becomes a national defense issue. I I think all adjusting truly manufacturing truly selling below cost rather dentist. You may defect Hebert cheaply in the air. They're doing that and and the other issues Peters then I think is work. You know do one could argue and let him dump rate if they're willing to lose money sell and something that that's another whole story. But the about the intellectual property that. That has gone on new member of that company American semiconductor American superconducting super in west bureau via which to completely. Stolen intellectual property and they've got eight judgment in their favor and it's just a question of what they backed me alone force will multiply that times thousands because that's just one. Well documented case of what's occurred right. And I happen to be if you know caught some. Media attention but if you ask the average American have you ever heard of American Superconductor. It's a deal the big deal and and those stories Peter. Are common and you know you'd you'd. Through China for the last twenty years the European. Artificial. Fake apple stores all over the place right. That's it'll. If you look at that say they stores with fake employees selling fake apple products but that that's that's nothing other than that you know it it's no different than somebody come and in your house with a gun in and robbing you blind. So it be that Chinese. You know while they're trying to create this sympathetic or in their targeting red states and and all of their actions that they're doing. I understand why they're doing is not just China's immediate Mexico's play in the same game candidates do in the same thing these trade worst. But I think ultimately. They're gonna realize that each week we can't. Alienate the world's best customer in perpetuity. We have more staying power than they do we're wealthier than the Chinese I think we can hang in to a trade war a little bit longer. And I and I suspect. That between now and Labor Day. Because that's the nobody scare nobody cares about mid term blip when do you start worrying it would and his media start paying attention in the term elections however over Labor Day. Certainly after labor in that area there's a sense that nobody's paying attention to anything also want II dot. Grady a guy I think people will start looking at this issue as we get closer to Brinkley Columbus. Does the midterm two siting in a presidential election in the mid term and the it. One thing to bear in mind 34 billion dollars worth of US exports initially targeted by China you know out of an eighteen trillion dollar economy so. It's a little bit of a drop in the bucket but able certainly. You know begin to have a bite and especially those where it's they products soybeans pork. You know be egged if it was a full fledged. War trade war market would be down a lot more than. It is which is negligible at this point treat skirmish may we should count yes or squabble yes you're here this Internet service called starry ST a RRY I had not. Heard about it until I read hi what the breeze stirred in they've raised a hundred million dollars in funding but this all but. Five G. Networks and superfast basically. Getting wireless Internet that's his fastest Comcast X-Men of the year and she Verizon fire Scioscia and very flexible and if you you get 200 makes. For fifty bucks a month. That's a part. That is pretty amazing and what to me is. Remember. As a reporter at the Boston Globe getting some of the first you know quote unquote Smartphones and yet the whole idea that you would have a phone that would connect to the Internet and delivered to the rebel formation get email give a Blackberry I I do have a Blackberry and you still have a IRA BC EU at a blackbird back in Ireland they came out ninety's back in the ninety's and and then you know very southern phones a remember the first. Number W AP wire application protocol. You know you get a phone and it would have. Press eat for stock quotes pressed nine for horoscopes and and ever getting one of those response and thinking. This is pretty stupid but yeah I totally see where this is going back five years from now with this phone's going to be able to do and you know today can't live without your phone can't get your kids can't get my wife for fun right so. But starry is wireless what I like about it is you don't have to run cables through your house are you you putted something in the window. It grabs the Internet service from the street and you've got Internet you've got high speed Internet service throughout your house bat. Is attractive. Especially given that some of the mishaps that you end up with where we if you Verizon or via Comcast's. Yeah and you know it put it into. For example me. In a part of the people one story antenna up on the roof and you know every. If I can and I prefer having an ethernet cable plugged in a way to. Find that you know things work better yeah within a but if my ethernet cable goes up to an antenna that's getting. 200 sort of begs for fifty bucks a month. I'm pretty psyched about that. Yeah I'm excited about it pay in the next segment will be talking about. Electricity Massachusetts needs a lot of it. Where they gonna get it now that the door has been shot in New Hampshire that's next on 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 hit the financial exchange with Barry Armstrong and John saga on the financial exchange. Radio network as we get older. The state plane becomes that much more important hi this is Todd let's ga partner with Cushing and Dolan and if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like cures for more than thirty years what their state planning needs we've got a new guide out this month called the top misconceptions about Medicaid irrevocable trust this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trust and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show dot com. Getting up before the sunrise definitely makes you a morning person you identify problems and you get a head start unsalted them hi this is very Armstrong I'm up early every day helping advise my clients about their problems one of which can be understanding the fees associated with mutual funds there are management fees twelve B one fees and reinvestment peace among others they can have a negative effect on your portfolio let my firm help you make sense of these bees by requesting our free guide it's called the hidden cost of mutual funds call 803934001. To get your copy today that's 803934001. Or download it right now. At Armstrong advisory dot com. Securities offered to securities America incorporated members SpinRite SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated ivory. Buddy it's very Armstrong and I'm joined by estate planning attorney Todd Lipsky. From the law firm of Cushing and dole and for your legal exchange quick tip of the day we're talking about Medicaid. Irrevocable trusts Todd. And one of the concerns that I hear. From listeners is that people are afraid of giving up control to their trust the when they use these durable global trust. Is that in fact a valid concern. It is not a valid concern but that's not a good enough answer let me help you understand why it's not. First and foremost. Their concern is that way because they're not serving as trustee right and they can't if they want the protection. From the nursing however two things they need to remember. One. During their life. 95%. Of the things that need to be done with that trust. Will be done by them so they can still make the investment decisions talked to the financial advisors to make the investment decisions like their house yeah so. So all of this stuff can be done by them. There's only about 5% of the time that we need a lawyer. Earth that not a lawyer the trustee to do anything is a trustee often one of the children idiots it is and so that's another good point that it normally it's a child. And the last of that number two reason you don't have to worry is they retain the right to remove and replace the trustee anytime they want. So they're really still what the boss that's nice folks if he'd like to learn more about the top misconceptions. Regarding Medicaid durable global trusts. Paul Cushing in Dolan people free at 866. 8485699. If you let that guide right now he simply go to their website which is. Legal exchange showed dot com legal exchange showed dot com or call the couple free. 866. 8485699. Stay on top of breaking financial news by becoming a member of public carries brigades a month until financial exchange dot com and sign up today. Massachusetts needs electricity and our friends in Canada the bank specifically. Are more than happy to sell it to us problems yet here. Mercy vocal quebecois. And you know we've side the northern pass. Proposal through New Hampshire go down in flames amazing even people objecting to an underground electric line can't. Seed but central Maine has done this deal for 145 mile line from Lewis and substation there after the the back border and what they are simply doing is sprinkling money up and down 345. Miles others a bunch of communities. That 3038 community civil seat eighteen million dollars in new attacks from new JE main. 4600 people. They get 450000. Dollars in new tax revenue is great that's like three cops that you know yet if it is. Adds money to the budget that they never would have before you know it and beyond the tax revenue at their us attack in about another 22 million dollars for. Supporting economic developments pouring towards them. Potentially. Adding you know high speed wireless and broadband and coverage in lot of negatives that come along with a do you think New Hampshire eventually regrets not having done. People up their and they're just seem to be enough outrage over. Even put in this underground going through. You know the part of the state white mountains. And who knows it because. Once this model. This him in this model proves out. New England turning to Quebec for. Hydro which is. It essentially infinite you know they have these giant reservoirs that are too you know today to produce. Way more. Electricity than they currently are and I I think they've. If the central Maine deal goes through improved out you absolutely concede New Hampshire Vermont saying. You know we may be will rethink that McConnell like although it won't be too late beauties at these well. It's not like demand for electricity is you know is dropping and you're seeing of course all kinds of power plants. Pilgrim nuclear station will go out of business. A lot of pressure on. 2050 emissions targets and even you've seen this fantastic switch from coal oil and natural gas ranges. Greatly reduce that Spencer to the promised him that usually the problem is natural gas is we can't get the pipelines right right our friends out West End that you know as every state New England has you know an aggressive essentially 80%. Reduction in CO2 emissions by 2050. In less you're willing to. Break. Radical changes in the current cars people drive and the way they insulate their homes and use energy. Your place you go to get anything like those are emissions reductions is. Put natural gas fired power plants out of business you know and turned to getting more more Hydro formed back. You know more more offshore wind if that really proves to to work can be. Affordable so I have you looked at the title electricity generation. It's and that Dan has never seem to pan out it has it seems like there would be you know this infinite. No one of the river Hydro works which it does happen and the Specter river and a title right here and they're trying it down on. The off the sag or average. And there be here. They're building these some turbines there just see it problem is the maintaining the turbines and you know making them operational. It's expensive because it's early early technologies was expensive and a with Picasso couple times a day when you get an. What weird situation when the tide was turning yet but it's only moving the canal. Because that's saved in credits fund take a blow through here the tide is so stride. But there. It will watch a couple times a day when it's. You know it's slowing down and it's about to get such a ghost so we can have it never stops it's always the lights go out twice a day. Great but it all it's always moving one way or the other users should always generate something. That is same problem with wind right the view Windiz even less reliable. Then it did then titled power but title powers in its infancy you know it's probably fifty years away. Where's win disease here right now beach in sea help please go more than a third of Chinese millionaires want to leave China. Wonder why. And their number three destination for a they wanna go in from the Boston Massachusetts Greater Boston well the number one in terms of countries the United States are right there and followed by a United Kingdom. Canada and Ireland or call yes and then in terms of cities where they wanted to come. It was Los Angeles witches first witch except I found surprising but I guess maybe its proximity to China. Proximity nice weather you know to get money belies a great panel limit via via so Los Angeles where the other cities Boston. New York number two Boston then San Francisco. And Seattle has been displaced they had been. Ranked a little higher but. I'll tell you somebody lives Adam. In Newton. The real estate market and Newton Brookline Lexington and in all the sort of west suburban lot of Chinese money lot of and people coming and paying cash. Before and it really is has been distorting. The the real estate market and but this incredible. And completely appropriate. Value that. The Chinese culture test just education. The towns with a good school system's huge demand. Is that where they're trying now nude it would make sense and it's a way for them to get their wealth out of the country the day did a survey. A 224. Chinese people. That had an average well. A four and a half million dollars and that the the real status symbol you know and in the United States the status symbol might be to drive Mercedes serve Tesla. In China the big status status symbol that side you've really made it is to get the heck out. Right that that's that's how you show people that you really are successful if you're successful you get out. Which is destiny media think that. This country that is growing so fast and so rich are making so many millionaires they're such a lack of confidence at the top or desire to stay there. Now hey when we come back. We talked about an industry that is losing money faster and losing jobs faster than the fishing and coal mining industry. All that and more coming up in the next hour of the financial exchange with Gerry Armstrong and Peter now. It's not too late to get a great grade and 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 every step of the way and their local decision making means a faster closing call lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender. And MLS number 449250. Subject to credit approval leader bank a step ahead. According to consumer reports nearly 15 of available mutual funds have raised their expenses over the past five years a mutual fund with higher expenses doesn't mean you'll get a higher return Armstrong advisory group has written a free guide to help you understand these trees some call 803934001. And get yours today call 803934001. Or downloaded right now and Armstrong advisory dot com securities are for -- securities America incorporated an advisory services are registered as America advisors incorporated members in recipes he Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated. As we get older estate planning becomes that much more important hi this is Todd let's ga partner with Cushing and Dolan and if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like yours for more than thirty years what their state planning needs we've got a new guide out this month called. The top misconceptions about Medicaid irrevocable trusts this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trusts and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and still a bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691781641. This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your world stay. Informed and up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. The newspaper industry is reeling we'll talk about what that means means for the future of our local community papers. Amazon is getting ready for prime day I think that's coming up next week. And then when you take money out of your 401K plan hi everybody it's buried in Peter Howe with you here. It's a Friday. Jobs Friday by the way pretty good job. Report this morning when you think Puget a great deceit 200000 jobs and four point zero percent unemployment up a little bit but the point you made last hour. What more people feel inspired to go looking. Well it yet that the you know in the rate is going up. For bad reasons it's a problem. When the rates going up because people are saying while I come back to work I retired six months ago but I come back to work now. I can make twice as much money as I was and is retired. A paper due that it in and you've got people with amazing to me. Is you've got people coming off of disability. To go to work you've got people coming out of prison. And going to work you've got people who are failing drug tests are going to work and Jewelers who aren't administering drug drug test. They're just say ask don't tell you know we we have to have workers and and so standards have come down a lot on the part of employers. Because they can't get the same quality employer employee that they could get six years ago. But I gotta say the the idea that a prison sentences a sort of lifetime. Economic death sentence just does not feel right to me so I really if Meyer. Employers who were willing to take the chance am you know people who are willing to start over again and live queens closer remember work. That's not for ultra wood stick reasons rate if if if that if you're making an RVs and all of a sudden you're wounded hire somebody with a prison record. You're doing it because of financial benefit or you your your saint had to hire that guy because you know what he may have killed a couple people but he's a really good well. Yes. If I suppose you know but the the past few days laws Judeo Christian idea of redemption and life that has always appealed to make the the other. Things that you consider. Is. You know rescinded what's the word percent of his recidivism there can't say it five times best but knowing that if I can't say at one times proper. But that rate of recidivism. Is. Much lower. When that person has a job. Makes all the sense in the world there's a ache if if your work in 5060 hours a week you probably know the part of the energy club and it's pretty and you get money so whatever bad things you're going to be a much needed pay for so anyway act I thought they jobs report was good news in. And and I hope you thought it was good news as well but. I wouldn't wanna be used to work in the newspaper industry I mean come paper industry in refugee Yani 220 years that the. Twenty years of the Boston Globe work for summer at the Providence journal bulletin and work for a summer and a great little paper on the cape of the register in what are you you're in the world left the globe in 2008. As we like to say that was. The second or third time the newspaper industry was going to hell later and there have been about six or seven more times since then yeah but he he. The I'd see these what was the peak of the newspaper industry mid nineties. In terms of circulation and revenues and that's that seems about right it might have been even hired the unit 1999 straight prior to. Vast you you know massive integration of the Internet. Yeah I would say if you think about kind of the golden era. Of journalism. As journalism I would say probably some some point in the seventies. What journalism is still strong isn't it I mean I gave the there's not a many people working in the newspaper industry but. Yeah he's going to TV studios like Yahoo! News you think about all the digital properties that exist out there are they're just as many. Media jobs today as there were that's it. Question on Saturday yesterday ever horror to the streets during the globe. On Tuesday. About. Even fishing and coal mining are not losing jobs as fast as the newspaper industry which is that really and kind of a masochistic story for the Boston Globe to publish especially is there and yet another round of job buyouts in the newsroom I think. But as Evan rightly points out well. The wrinkle to this is news paper jobs obviously of plummeted but. There're a lot of news jobs that are not newspaper jobs that now exist. For example you know WB war or every TV station in the box to market they put together a lot of text content that goes up on their website that I would say is essentially. Newspaper content but if you walk in any television studio Peter. There are less employees in that studio today there were twenty years ago robotic cameras and you know one person run in this town board and directing and gather there and it's like the TV industry is. A happy place to be these days a lot of there's just. Competition for eyeballs and its people tuning out in a lot of I think especially people younger than me there's a lot of people who are. This kind of not in two news and. Well they want the news they want specifically. At that time it be good or wait for the 5 o'clock news right right right if you wanna be able to unity to clock at night actor before they go to bad actor here when we've. It on on and on demand. Basis you know you look at. You know do the way we consume our sports media. The I have the NHL lap on my opponent that the NFL lap on my phone. So I'll check those couple times today just to see teach somebody because we're in the NHL free agent Perry writes I wanna see who signing it with different teams. But you eat that's how I think people are consuming their news says yes that NHL LAPD didn't exist twenty years ago right the NFL. Didn't exist twenty years ago I think. So it's just inching to watch the way media and in news consumption has changed. Amazon prime date night game at 30 July 16 his legs into what's today the year we are the sixth it was ten days a week and a half from now. Amazon prime big day. Sort of com the -- CD or something but the fact that it's July 16 I think it should be a prime number it's prime day. Like it to be the seventeenth there than nineteenth there. 29. When he third but you know that's just me and now the whole listening audience knows about some of my mental problems but a lot of good deals are to how rare cup coming up prime today. The and 129 dollars for an echo show if you want Alexa running your life up a tree the ones who really grabbed my attention Alexis show echo shows that the video one city you know when you talk in your parents see the end video connection I think that I can't keep the show in the spot you know but yet the people have screens. Both the show inspired. But the one that. I really loved three months of Kindle unlimited for 99 cent that's a good deal 99 cents for all the books he could possibly wanna read in three months. And I know it's that you download a million of them and then just did he suffer like I think that. That they limit how many it looks like it's every minute news is characters tires during that time so I think the day this summer reading season elected that time. It's time to read and the that the Kindle is it is not the same experiences a book but I find it's surprisingly good. Are likely Kendall's. And it's definitely it's so much better than it was five years ago yeah it's. You know he if you read Newt's senior at the cooler the beach you can change the you know it adjusts so it's still easy to read these in place in the sun. Yeah and I also you know he's these days 203035. Bucks for hard cover. And one of the best decisions I mean it was. Europe Christmas. I declared bedside table book bankruptcy. It's just it does so it's where all the books have piled up like your hundred pages and this one in the net interest in Ehrlich. You know my kids gave me. Nine books for Christmas and at the forum and I just finally decided you know and just and given mall way out and a minister over him then Kindle. I've done some Kendall. But also just you know I'm a much more mindful of it just feels like a really big investment. These days to buy a book you wind up not liking you know I've noticed is. My wife. Who's in her fifties who loves to read on the Kindle. But like I can't Susan doesn't look at day over 32 to right right but my kids all read the old paperback the issue they they love paper. It's a generational it's just the opposite of what you would expect. But really Kindle is going to be cheap. Basics year is going to be cheap vitamins are going to be cheap. 20% off a home kitchen products and be cheap PC games are going to be cheap I don't know. He's in the cybercrime been unimpressed it's never been. It if it need never target Amazon prime is never been targeted. Towards the the middle aged male in in my opinion that their body darn thing and him as a prime. I'll try that your interest. Yet they may get me with the with the Kindle. And the music formats of music for management's yeah and the trying to. These are the only three times he should pull money from your 401K plan wealthy should never pulled money. From I four I know why I gagged when I said the headlines CNBC Garland Mercado a piece. I'm personal finance and I mean they do sound fairly compelling immediate emergency. Urging cast lead but he can't get a compatible on or this one seems like a no brainer you've got high interest debt it's hampering your long term financial goals so. Take out a lower interest loan from your 401K. Wipe out the higher interest net and I think his line is you are you know really diligent about repaying that 41 K alone as best he can mean to me. Interest rate arbitrage always makes sense yeah you know under the rules but. Those first you know how do you define emergency or urgent cash Munich is I feel like the temptation of Reading your 401K to. Resist now if you if you can't you can borrow I was surprised to note that you can for up to 50000. Dollar from the reform went. Up to fifty years or. 50000 or 50% of your best account balance whichever is less Yale so you have a couple 100000 you're still limited to fifty kilometers five years three table. It's book idea I would. Advocating not using your 401 k.s piggyback bit piggy bank but I've done it. And and pay back but it's it's dangerous because let's say you borrow from your four when came. Planning to borrow the 50000 dollars. And then a month or two later you lose your job. Your problem. You got a big prompt you know one also you know what if you borrowed 50000 bucks the end. March of 2009. TO and you know fifty dozen box that wasn't enjoying this raging bull market that we've had. Since then you know you you left a lot of gains on the table and that it just gives me the TV TV's. That's a dangerous. They coming up we're gonna have trivia for you and tributes can be based on the movie back to the future. Believe it or not that movie was released 33 years ago this week that's next on the financial exchange. And includes. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network. Getting up before the sun rise definitely makes you a morning person you identify problems and you get a head start unsalted them hi this is very Armstrong I'm up early every day helping advise my clients about their problems one of which can be understanding the fees associated with mutual funds there are management fees twelve B one fees and reinvestment feast among others they can have a negative effect on your portfolio let my firm help you make sense of these bees by requesting our free guide it's called the hidden cost of mutual funds call 803934001. To get your copy today that's 803934001. Or download it right now. At Armstrong advisory dot com. Securities are for the two securities America incorporated member finreg SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called zebra and it's a great service for landlord allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired this he ran technology tell them a call this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running the bank to make your deposits at your bank UNC rent to its list of offerings. Visit he Rand dot net or call 7816418691. For more information that 7816418691716418691. Or zero rent dot net as we get older. The state plane becomes that much more important hi this is Todd let's ga partner with cursing and Dolan and if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like cures for more than thirty years what their state planning needs we've got a new guide out this month called the top misconceptions about Medicaid irrevocable trusts this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trust and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show 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 and 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 of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 1190s that 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 781862119. No. It's our daily poll question had financial exchange showed dot com. Vote your conscience and Aaron just vote go to financial exchange Joseph does come in castaway. Serbia is sponsored by Arnold. Restaurant in east ham Massachusetts. And if you're the winner of today's trivia contest if you win a fifty dollar gift certificate to Arnold's. We're doing trivia based on the movie back to the future was released 33 years ago this week. And if you wanna participate in tribute simply text the correct answer to distribute questioner text number 63566. I would remind you if you were renewed the show. You have to put my first name at the beginning of your text message that is buried BAA RRY. In been the correct answer to the trivia question. It's bury 263566. And here eagle what was the name of the character played by Michael J. Fox in back to the future. Again the text number 63566. And don't forget what my first name at the beginning of your text message what was the name of the character played. By Michael J. Fox in back to the future. Peter mortgage applications fall refinancing hit the twenty year low that tells me rates are low enough yet to wreaked by the end. Guys we're talking about earlier in the show they've dropped a little bit but. Not enough to really get people on a tear I wondered. Based on this you know. Have the same how many people really are in a position we're. It's still make sense to refinance you know I have we every sort of achieved peak refinance. Well it would it the thirty year dropped to about 33 and a half percent was the historic blow I think maybe three and a quarter your all time all time program. So if you locked in one of those you're not refinance that rain break. You may do a home equity loan on top of it. The thing that may have slowed down refinancing Peter is to change in the tax law. Yes and deductibility and via you know a lot of I I think the number of people that are going to be able to we need to deduct their mortgage and dropped for something. Hey you like forty million down to maybe fifteen million filers so. Tax deductibility of home mortgage interest is may become much less involved I think you're gonna see people with the change in the tax law is saying I'll pay down my debt. You know Brett I've got 50000 sitting in a bank CD I've had a number of listeners. Ask me and fifty thousands in a bank CD shouldn't have my mortgage. The CDs paying 2% the mortgages at four. Talk about interest rate arbitrage rather it is thought it makes sense. Especially if there's no deductibility bid 20%. Fewer refinancings. Last week then that same week a year ago which I think. Strong evidence for Barry's hypothesis about mortgage interest deductibility really putting the chill and mortgages epic also. To some extent the hassle factor you know if refinance or you could save a few bucks but my god the number pieces of paper the got a Scion and sort of the practical logical household financial examination the that I under goaded pretty tough to get in the door. She got makes me feel good about our banking system though. Is that they are much more diligent. Than they were refinancing mortgages say fifteen years ago fifteen years ago if you had a pulse you can borrow money. Two dozen six via no job no income the last thing yes why FY I just gorilla on where it's much do you want low near the money to buy that house. Well at any rate it's society mortgage refinancing. Hitting low levels. And I think you have to attribute much of that to change in the tax law in the rise rates. And the rates I think they're gonna continue to go up I I I don't see these rates of sudden dropping. It's hard to imagine and it's. You know you look at the US treasuries and you know the Fed. Has that got to especially with a great job numbers that were seen that's got to start cranking up interest rates the only thing holding back interest rate right now the reason that you see. Interest rates it to 82 in the tenure. Is this fear of history. You see if that gets resolved and I paid mark my words between now Labor Day. This will be history because I don't think the president wants this going in that terms I I think that trade wars are. Either resolve doors they take it back burner somehow by Larry where were put this on berries wall predict by all predictions and I'm not bashful about making them then they're not meant not that they don't all come true that they have not bashful about making them. I think much of the trade war chatter is done labored. What better time to do this summer we levels of unemployment the economy's booming. Take it to him now but by labored he's got to get on the news. That's what I see happening. Let's talk about Google they're getting into the transportation business in a big way. You know their way more technology news cutting edge now they're mapping technology I use adult time yeah among them who will immediately use Napster ways. But it's depends on which Carmen which. Which phone made two I've honors my wife have from and ways. Owned by school as well and or was today as Thomas Colin. What was really fascinating this piece from CNBC. I had known just how many. Venture funding deals global competitors so it TV for early stage companies capital G for growth stage investment gradient for artificial. Intelligence and so through these various vehicles. Alphabet girl's parent company it's got a piece of Rupert and peaceful lift its gonna piece of SpaceX it's got all these mapping companies we know. And you know there. They're Smart to and figure out away. You know it it's a little bit like a razor and blades but I I think at the end of the day. What they really care about is making sure you remain addicted to the global ecosystem right maps. And that you know advertising opportunities of those create for Google. And they do need to make sure that they are in as many vehicles as they possibly can be. They do a pretty good job of it I like the was saying as you referred to it and because it points out where there might be. You'd treatment traffic cops and you know the speed traps. He she happened Beagle a little fast. Belts by accident it don't don't speed through Rhode Island and just. Warn you now if you're driving to New York on nine to five. Take your time that is not the state in which you want to drive too fast although I would say best dressed state troopers in America. But you know as here those funky uniforms and the big one leather gloves and boy I I'm a fan of the Rhode Island state police took stock market agrees with my prediction as it relates to the trade war the Dow is up a 117. Points 2400474. The S&P is up. The nasdaq's up everything's up except for the price of oil oil companies oats out of a guy that's it just went up in positive territory we'll talk about it when we return. The financial exchange is alive on FaceBook so make sure like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. As we get older state plane becomes that much more important Titus is Todd let's ga partner with cursing and all and and if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like yours for more than thirty years what their state planning needs we've got a new guide out this month called. The top misconceptions about Medicaid irrevocable trusts this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trusts and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show dot com. Getting up before the sun rise definitely makes you a morning person you identify problems and you get a head start unsalted them hi this is very Armstrong I'm up early every day helping advise my clients about their problems one of which can be understanding the fees associated with mutual funds there are management fees twelve B one fees and reinvestment fees among others they can have a negative effect on your portfolio let my firm help you make sense of these bees by requesting our free guide it's called the hidden cost of mutual funds call 803934001. To get your copy today that's 803934001. Or download it right now. At Armstrong advisory dot com. Securities are for the two securities America incorporated members SpinRite SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me I've that all kinds of trouble trying to get people who can come in and do you 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 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. 8621190. Or he can visit them on line at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. Hi this is chuck and Mike from the financial exchange and today we're talking about the hidden costs of mutual funds. And Michael Lotta times people look at the sales load they Payer they look at the expense ratio on a fund. But they don't realize there are other expenses built into a fund what kind of expenses do we see in addition to the once people know well. The biggest one that usually gets left out is something around the trading costs of mutual funds. And a few years ago the SEC pretty much came out and told the mutual fund companies that because these costs are so complicated. To calculate. They are not action required to disclose them in the operating expenses so if you look at a fund that trades a lot. And by that I mean turning over the portfolio maybe a hundred or 200% a year. Those costs can be significant. Are there any types of funds that typically have lower turn over rates that don't trade is much so that he can get a better deal absolutely I mean when you look at basics of trading how much 100 vs another. Usually an index fund trades a lot less than an actively managed mutual funds are for instance you can buy an index fund. That just replicate the S&P 500 that's gonna have a lot less turnover than an actively managed large cap mutual fund in most cases. Folks beyond just the headline numbers there are other expenses associated with owning mutual funds and they are strong advisory group has put together a guy on these expenses. Titled hidden cost of mutual funds all you have to do to get it is call 800. 393. 4001. Or you can go to Armstrong advisory dot com once again the title is the hidden costs of mutual funds in you can get it by calling 800. 393. 4001. Are going to Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. They say video adds ten pounds. But don't tell Berrian charging the financial exchanges alive every day on FaceBook and YouTube. This is the financial exchange radio network. Michael J. Fox played the role of Marty Mick flies back to the peace. One of the great all time movies in Q Lewis in the news the power of love things on my top five list of all time sides. Right now let's move on in this economy twitters are winning it time to quit your job. One out I should talk about who the trivia winner one's who won. Would we wanna leave Tom from Randolph Massachusetts at the show so its economy and Randolph. Did know that Martin apply with the name of Michael J. Fox is character and back to the future and a time from Randolph congratulations on your fifty dollar. Get you to to get the winning two Arnold's lobster and clam bar on beautiful route six in east hand. Mass uses their lead chef Suzy has won the Cape Cod stuffed in contest. For the third year in a row which is there a lot of great stuff clams and Cape Cod so Susie winning three years in a row that's you know Arnold has been great. Truly great. Stuff when it's right there are new things. And the onion rings followed by agree produced him on clog your arteries absolutely. And use it and aren't yourself check out their grapefruit. Call 5082552575. Or visit them online at Arnold's restaurant. Dot com time from Randolph congratulations thanks for listening. Workers are choosing to leave their jobs at the fastest rate since the Internet boom seventeen years ago and they're getting rewarded. Fort with bigger paychecks and more satisfying work this is that. Great news for my hair and work I hope this doesn't affect you when any of your employees here it. The firm's time well we pay people pretty well we don't have much problem with retaining workers but I'll tell yet. You know. The retail. In the EP gun into a retail store whether to Dexter in America lately yet try to find a clerk try to find a clerk. And it right right out of market basket and less than 25 minutes yeah and that problem they have right ADV the air their margins as it is market frat basket as an example right. The workers there fiscal job your on your feet all day right here your running around. And you're saying yourself what Tia making whatever the wages 111213. Bucks an hour. Pretty good chance you can find another job. That pays more than what you're making at Stop & Shop market basket and that's what's happening. You're leaving growth for stores they're going to work for there's leaving from eighty. A grocery store and go to work construction job pays five bucks more an hour. Yeah led market basket best supermarket chain to workforce mean they get everybody who's been on how to stop peas and initialize. And I'd I'd seen the latest report that you know the posted. Every European team would give you 25% a year pays a bonus yeah into the year you know they they treat people very well they wondered how around. Right he continued to do that financially you know they did there they. There must be suffering margin erosion. Given The Who it would whole foods is doing and given that the proliferation of online shop. Yet these big still seem to be. Every time I don't have a market basket near me unfortunately. But every time I go to one I'm blown away and able to read about the pricing via the rating is incredible now that that's the I also don't have one near me if I did publisher dropped. But this the story from the Wall Street Journal tutors in an air breath about quitter who were winning and it goes back to what we've been taco more in the great labor market and you know good solid job creation. And employment and it's a great thing to see. That more and more people are feeling comfortable about. You know as many as one out of every seven people out of work has voluntarily. Left their job. Get this that here but the best number in seventeen years did it this that blew me away. Jobs switchers saw roughly 30%. Larger annual pay increases in May. Then those who stayed put over the last twelve months. That means that it's basically a bidding war has broken out for workers competent skilled workers. So but as I read that icing but it it 30% larger. Teen crew pay increase rates so and in hours if if people who stayed got a 2%. Increase people who moved got two point 6% to work at 32% two point six look at. So it's it's 30% better. Rate of increase in pace that's pretty good bit it. I feel like when when you see that never be more like a 100% or 200%. I saw a young lady leave the job she she started this job at a college. And her wage was I don't know maybe 40000. When she left the it she took the job with the start up. And her weight went from 40065000. And they increase that's great you know for young kid coming out of college couple years of experience. Yeah you're seeing more and more of that in war and employers are having to compete for workers to eat the you know like you know it's becoming very common is lunch in the office now. That you were players or just order a different launch for the workers every day just to get him to stay. You do that here Armstrong about the weekly we bring lunch once a week and good healthy very food bill. Now it's is this fattening pizza and you know but I needed a it's it's an idea. They lot of employers are doing that Dave they're they're doing whatever they can't keep their workers kitty you know I've your workers there I mean business. But I almost told my kids build lesson I've taken from my life as a worker is the most important salary negotiation you have is the very first one you know because it is what you come in and year rate of pay you might. Be able haggle over you know at an 8% raise this year instead of 4% but it's. The most important one is the first number. Lot of times depending on your profession yet changed jobs in order to really get that ball right you know. You have to go from the globe today Harold you have to go from IBM to Raytheon you've got to make that corporate shift. And people don't like to do that because that tenure you know you if you've been with a company for seven years. It's seven years into the pension plan at seven years in the 41 K you maybe have an extra week to a vacation because of your time with the company uses typically. Your time with the corporation is going to increase the amount of vacation timers Ingraham so. Be careful when you open up a money market account some of these banks. Were put the screws to us. And hope that I'm suffer from this his the fine print consumer. Consumer avenger calm this guy. Jack I'll agree whom god bless him he had a 100000 bucks and that he put into. A money market account and he left the bank what we'll bank. In. Eleven day's news and get zero interest he should have gotten by his calculations 400 dollars worth of interest for the eleven days that he was. Of oil Google's bank customer but. If you go to page 26 of the thirty page 25000. Word fine print panda at the get Blue Hills bank. If he closure upwards of discredited which city once a month you will not receive the crude. Interest so a lot of banks when you open up a money market account books the pay use the interest once a month and if you. Withdraw. Or take your closure count you forfeit that interest South Shore bank in Rockland trust it sounds like dirty pool. What's presidency just logically you're sitting here. I I say to myself but iron that interest don't don't be tell me I've got oh lead by Catholic who's gonna read. At that 26 page document when they opened up a darn money market. Yeah well so. I would say he it's disclose it if it goes to the importance of reading and knowing what's in those disclosure statements. But. You know what I IC you're kind of Elizabeth Warren point about financial regulation and please don't mention my name and same thing ministers that simply just. The it if if it was more. The good thing I objective. Is that they're not more upfront about it not that but the policy right because if it's a policy and I'm aware of it. They are told well read this document to find out all the ins and outs of the hex can read 26 page where do you like. How often have you opened a bank account and only kept it for eleven days. But yeah I've I've done it I am an open an account that appeared to but it used money market accounts for real estate transactions are. If I known to be sitting on a large amount cash offer. Sixty days of I will shop. Because you make you know if went have a sitting on 900000 dollars for 75 days. I nature got a decent good should be buried now that one time there is that the rest of the time it's not that much fun. There are I would like the feel of 900000 dollars undermine bomb. I'd love to be sitting on 900000 dollars it's that better to have an account making interest that's even better that's even better. Is Saudi Arabia gonna go public I don't know the answer but we'll talk about it when we return to the financial exchange. Barrington and chuck. Alex this is the financial exchange radio network as we get older state planning becomes that much more important hi this is Todd let's ga partner with cursing and Dolan. And if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like cares for more than thirty years with their state planning needs we've got a new guide out this month called the top misconceptions about Medicaid irrevocable trusts this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trust and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered there information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to attendance -- call the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank step ahead. 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 either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. Eat six to 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. 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Security suffered two securities America team members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new text club by texting the word ferry to 63566. Send your first and last name and get involved today you're listening to the financial exchange radio network. You have a problem were blocked six. Funny how. He makes it easy that the staff fully licensed professional performers that will not only fix your issues but we'll keep it from happening again. Call easy plumbing today at 781862119. 10183. A Saudi aramco which is basically the country of Saudi Arabia because it's there oil producing entity and he is what 99% of the GDP is well. If it's not 99 it's like 98 now but yet that's about the only. Good thing coming out of Saudi Arabia the world wants to buy. They're they've been talking for years about going public a yea I remember this conversation as much as three years ago the dew on public will it ever happen. Well it's an interest in story in the Wall Street Journal today by about a team of reporters and you look at this it's clear that somebody knows something because it does stories very well hedged but. You know great skepticism. That the them the steel ever goes through in large part because in this does not surprise me at all then. You go. Looking under the sofa cushions and in the closets of aramco and I just think there's all kinds of stuff that the saudis. Or do not want the world finding out about. Just how much oil they actually have there just how much does that cost to produce and just how much are they really have to wheeled. And it's just. When basically your entire country's economy is an oil company. Subjecting them to the kind of scrutiny that it would face. Proper. Stock exchange it just would force I think a lot more change and transparency then. Saudi Arabia. Is comfortable with. But you know would be it's amazing you you may seem valuations of potentially two trillion dollars notre aramco based and you know what how much. Oil is actually under the stand over there. I just don't understand why you'd go public when you don't have to you know most if you ever talk to CEO. They'd much prefer to be a private company as opposed to public company. Unity is doing your public gift to your point you have to disclose everything in your private if you're gonna have a bad quarter too it's okay. It use. I would say the argument fever seems to be let's say you raise a hundred billion dollars from floating 5% of the stock now he got a hundred billion dollars to invest in something devoted to that diversifying you know prepare for. A post oil future prepare for our you know let's say. The shield boom that we're seeing. The United States to you know continues and you know beat the US so plants. Saudi Arabia is kind of the back stop oil producer. Natural gas producer for the world but. And I feel like Saudi Arabia is it I and I am very glad that I'm not a president who asked to decide whether to trust the saudis are remand. I wouldn't date I don't think any president has ever trusted them yeah well there are you know they found ways to do business with them. You have to do that yet. But nights I I would bet that here are just a lot of skeletons in a lot of closets that aramco. Them now and then you rate will know whether they're going public get Eddie they're gonna go they're gonna go by twenty they about two years to your window when it's been a day after twenty funny. Agassi. Like at that point the say why why bother. You know late news the they'd missed their window. You know oil prices they've gotten oil prices back up to 73 dollars a barrel. If you look at what they're getting for their oil that probably and in the eighties or ranked and it's that's about as good prices I think they're gonna get. Well hopefully JPMorgan Chase Morgan Stanley. HS. BC holdings hopefully the investment bankers have made. Polonium idea this even if doesn't happen I'll worry about the best odious via guillotine that the only guy that does. If you are moving past member I am not I'm really much of a movie Goer but I understand you're a member of one of these NC got movie pass and get to see some ridiculous number of movies for. Some ridiculously small amount of money you go I'd go to a movie every day I can find one week that wanna go to. But I could adorn front theory once today to the movies that with the movie past membership. A camera aboard a pay for me it's like. If you wanna buy one now might be nine bucks ten bucks a month. It seems how is anybody making money that what they're sure not making money. I mean does he pass because I write and you can't go to one movie firm it's like less than twelve bucks I was gonna say movies around here in New England you're gonna pay twelve to fifteen bucks to to go to a movie. But the movie pass. The bill waders works is you pay. That ten bucks a month or whatever it is. And then you go to as many as you want but they're paying full price for the ticket so they've been losing money like crazy and their theory was or get a piece of the concessions with the did I say they're just gonna give you money right the theater owners they said no thanks you know. It's a great piece but Jim Amos and in force and he's got this great line in particular about movie pass. Quote the company's pricing structures exclusions and approved theater list. Seem to continuously flop around like a die in car. On the floor of a fishing boat where they changed the rules that's all the time now now now they've got what's called. Trying pricing so if I wanna go to see a movie good movie right and left pay for. Page news. Defeats the purpose well it kind of sets at the the dear what they're trying to do ten bucks a month for all the bad movies that nobody wants to watch the you can watch via the or at least at that time it they'll say we can't go to the 7 o'clock surely go to the 4 o'clock show you go to the 9 o'clock show we can't go at 7 o'clock. So. I the first of all tell you based on the financials that I have looked at for movie pass. They're probably not going to be around in six months. They'd be here they could die off even faster they're they're stocks trading at last seventeen pennies forty million bucks they last and may. We lose money on every sale we make it up on volume yeah they're they're. They're headed towards the drained from from what I NC. Now heavy it is a student loan servicer. And apparently year allegedly they have been breaking the law in terms of how old they are servicing these student will lose the steering customers towards higher cost option yes the accusation. Yes so. You know the yeah essentially. Their two ways you can deal with the year crushing student loan debt and we now the American way of saying to the one that is less of a headache for a split costs more money for you and get the California attorney general filed a lawsuit. Against them and you know and they they've hit it trouble in the past him in the the set that was appalling they screwed. US military veterans. Yeah and didn't. Provide them the intra street camp that they were entitled to for loans anchor before built her service. And they settled in 2014. With the Justice Department. Sixty million dollars 78000 service members so. That to me he says he got a company where the culture is what's plea fast and loose and see if we decline and then you know we'll take a slap on the wrist but. It's it's. The terrible situation and boy anything you do to not in and student debt. Do it well and pay it off as fast as you can comment that's. He beat the. Advice was given people. The Dow right now as we speak on Friday. Is up a 134. Points the S&P is up 23 points the NASDAQ is up 87 point this on the heels of a pretty good day yesterday as well. The only thing that I'll just you know throw out there is price of oil slipped 63 cents a barrel at 7357. Currently guys but I paid over three bucks a gallon for gas theater. Have a great weekend we'll be back with a another edition of the financial exchange on Monday. As we get older estate planning becomes that much more important. Hi this is Todd let's ga partner with cursing and all went and if you have loved ones or friends that may need nursing home care. You need to protect yourselves and your assets the best way to do this is through a trust. But there's a lot of misinformation out there about losing control and having to ask permission from your trusty this is simply not true you don't need to give everything away. And you can stay in control at Cushing and Dolan we've been helping families like cures for more than thirty years with their state planning needs we've got a new guide out this month called the top misconceptions about Medicaid irrevocable trusts this guy details more than thirty of the most common misconceptions. About these Medicaid irrevocable trusts and you can get your free copy today by calling 866848. 5699. That's 866. Eight or 85699. Or you can download it right now on our website at legal exchange showed dot com that's legal exchange show 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 attendance disk called the Z deposit -- to get started at 7816418691. That's 7816418691. Or visit them online at C deposit. Dot net member FDIC leader bank step ahead. Are you having problems the block 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 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. 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 10183. Again the number is 78.