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Full Show 7-11-18

Jul 11, 2018|

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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 every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Well the United States is unveiled an additional tariffs on 200 billion dollars in Chinese imports. How will China retaliates that's a big question that was discussed this morning and then finally we'll talk about. How the NATO summit is going in. What is president from doing to win friends and influence people I everybody is buried chuck with you here it's a Wednesday morning in. 200 billion dollars inning at at some point we're be the tariff on every good that's imported from China. We're getting there at this point what we're seeing right now the in 2016 is the last couple years that I have numbers for China. The US imported 570. Billion dollars worth of goods from China. We've already imposed tariffs on about 34 billion you know this would be an additional 200 sect it's about 230 which is about 40% of the overall imports this is a sprawl China this is a smaller terror it's only 10% this is it's it's a 10% tariff not a 25%. Share. And so this is a smaller dollar value in terms of me on on a per on a percentage basis so we talk and things like sneakers clothing. It's just about ever been to Armenia are only ours is hand bad auto parts you'd go down the list it's it's a significant amount of goods. And what's interesting about this is. Only imports about a 115 billion dollars worth of goods from the United States now okay. So the big thing you have to realize hears China can't respond in kind to this. Did it can't deal with terror it is action if the vehicular tariffs but they have the tools what exactly they can't respond in kind but they do have other tools that could potentially. Even more destructive containers. Yeah okay because that's terrorist turned figure out at what the China. You know we're we're not we're an import economy non export economy yes and China. Is an export economy they need us as a customer at least that's my perception may. My perception going into the trade work was that China needs us a lot more than we need China and I think the president has that perspective. What's what date what China does have the ability to do here and that could be significantly negative for the US economy in the short term is they could devalue their currency. And that's that's the biggest thing that they have to rented to play it was years they could devalue their currency and say look we're going to let the U lawn but that's the tick everybody else off to it's gonna tick off the Europeans say every lead that. It might but again when when you're dealing with these things it's not you know try and don't care about popularity China could care less whether anybody likes. And to be completely honest it doesn't matter if anyone likes them much like when you look at how big their economy is getting right now. Just doesn't matter Germany's upset with them their congress four times the size of germ against it doesn't certain you know so. China can go way in their big enough now that they can kind of play by their own rules and this devaluing the won. Hurt them as well. They hurt their people that live there. Well not their only buying Chinese made goods and that's the big thing now with the stuff to buy foreign food for an. We they have to buy some OK but but again we're we're not talking about who. Feels good about the CO. No and China doesn't care what is its own notes if it's a trade war no one feels betrayed were like that's that's the whole point of these this is why you don't wanna get into them is because it's it's not good for the people actually like whether you're talking terror stuck currency manipulation whatever it is. It's not good for the actual people and it's it's a tool that impact things on the political side of things but it's not something that's actually good for individuals in any of these countries that's what people what that's what people try to stay away from. Well and it's not good for Americans but. Isn't this just another demonstration that the president's trying to get some kind of a deal because these tariffs to local and effect for another sixty days. Yet these these are going to be reviewed through August and so there's a there's two days in August I think it's the 21 and 23 or 21 and twenty force. Were these are going to be up for review and there's going to be you know debate about whether or not they want to put up all these in place. It's eight. Or give it. It could be a negotiating tactic but we saw the last ones that we thought were negotiating tactic go into effect and so we've. Could be something where these go into effect as we get towards September. You know I was curious who is we saw you know the terror fund American soybeans are. Yet where we and you know trying to sent over a slap a tariff on the when I ended up happening lose daddy's so the Chinese orders got canceled and they started buying from Brazil and other soybean producers. But you know what it ended up happening is countries. Other countries like India and Egypt started buying or soybeans about the care because there's a terror in India or eat Yangon and that's why it's so much is this is so fluid it's not something where it's just yet there are just two countries that exist in the rate you know that there are more than them. That the problem is that. We're kind of going after a lot of countries at this you know we know what we're not really making friends with the whole Lotta people right now in the end and you know it. There's a lot of us that are OK with here you like ate some of us feel that. America has been treated as a doorman for an extended period of time and I say you know if the if this if it was really bad what if what was going on here was really a danger to the American economy. You know the Dow would be down under 20000 the you know the S&P 500 and the price be treated about 2300. I. I eat I suspect. That part of this is posturing and I still maintained. That there will be some kind of a deal made and I think it happens by Labor Day. Simply because they don't wanna have some kind of surprised in September or October. It influences the mid term elections that would not be good for the present its its getting down to. You know we've we have about six weeks until maybe seven weeks until Labor Day now so it's starting to get to the point where we say look we need to get to a resolution on this. But remember when we first started talking about this back in that it was early February when these were announced it. We said that this will be resolved by memorial yeah. And here it's you know we're we're six weeks past Memorial Day in steel trying to figure out what the end resulted in these countries are trying to figure out president. That probably are to a certain extent and as he can do a lot of this without congress and an end looked to a certain extent there is value. To being unpredictable. With your actions as you're negotiating right we saw this with Ronald Reagan back in the 1980s where as we were BM and still in the midst of the Cold War winding down the part of the reason why Reagan was successful and in some respects from a foreign policy perspective they know what to expect you know to. While he's negotiating with the Russians are that the Soviets at that point. You Whitney fired up all the US nuclear plants to produce weapons grade plutonium and there's that they're going. What the heck is it would what is what is going on here I what is he going to actually do so there is value to being unpredictable. But at a certain point you also have to be pragmatic and that's the question is how do you balance that and at at some point this year that as you said we we can't continue to let this linger. For a an extended period of time is it does impact the economy. If you have these you know larger tariffs going in place for 61218. Months from so at some point you have to be pragmatic and say look we need to get a deal done. Were the market's telling you were not that point yet but today's movements also tell you they hurry up and do something. The that that situation. In with NATO is texting to watch. President trump be very critical of Germany and I understand this criticism when he's criticizing Germany for is building a pipeline. That goes from Russia to Germany for natural gas purchases. Now economically. If Russia lived up to their into the deal. It makes a lot of sense for Germany rented to buy your your natural gas because geographically you look at that that the mapping satellite just run that soccer through Poland and yeah you can actually run this through what could the black bears need the Norse either going to be running it it's getting old big portion of its gonna be underwater at the hole it's. Fascinating the way that they develop these things and I understand why Germany would want to do it but what I don't understand is why would Germany put themselves in the position. Where they are beholden to rush I I think back Robert probably 510 years ago. Win yeah Russia turned the gas off of Ukraine yeah. And he just said in the completely violated contract that no we're done and it was December depth and they in the pouring ukrainians. We're we're freeze for months boy. It and that's the problem is if you deep in the witnesses not to then use the perfect metaphor but if you dig one well too deep. And you don't have any other options you're at the mercy of that that the person running that well and so. You don't wanna necessarily have all your eggs in that basket throw another metaphor profit. But it's you know Germany if this word if it's this project were to go through. Ends up having you 6070% of its energy the energy needs supplied by Russia. And there's concern then that that you know creates a relationship where. Germany ends up being beholden to them after saying hey you know we don't do. We have to abide by what they want and they're asking NATO Germany is asking NATO to protect them from Russia militarily yes so it's if it's certainly creates an interest in conflicts in and look if you go through Reno the geopolitical history of the United States since the 1970s. Energy kind of forms the core interest because the dollar is based on effectively being the only way you can trade oil today so this deal further creates a potential rift there are so. It's something where there's there's a really strong incentive for the US to say look we don't want this to go through the few Germany say look what's our other option racquet important liquid natural gas from the United States it three times the cost or something like that it does. Make sense to. Our next story in its related to our poll question today has to do with new dads. Not companies are pushing them to take it it here's a quote. From a senior manager. If you don't take it it's borderline idiotic it's that's the mess but consistent message. Two young dads from senior managers and older fathers. Twit says Twitter senior client partner Bob bell bill C on all. Who took twelve weeks. Off after his son was born thirteen months ago. So now with companies corporations. You're seeing big companies. The offer to its 1216. Weeks ago some of 16 am yeah maternity leave for the mothers. Big question is what about the fox. You're seeing it for fathers to in some cases ask me you know it's at FaceBook has four months of paid parental leave now for both mothers and fathers. You know it's a you're seeing it come up more and more with bigger businesses smaller ones I don't know if they can compete with them at this point how does your. How have your generation feel about this whole thing Kazaa and learn I was your age I was having kids and I don't think I took. And take much time IE eight and and I will tell you. Not having great when you get older when you get to be in your late fifties your early sixties and your kids are gone and you're an empty Nester. One of the things that you myths is is the time that you would have spent with your children when they are younger. How does your generation feel is this something that even comes up when you're having conversations oh Def. That would comes up. It definitely does I think most people in their twenties and thirties ten to one moral leave. Four B a big things like having children and so forth and traveling. The less for travel and believe it or not if if you look at most people in their twenties and thirties they actually tend to use less than a bit they don't use all their vacation there's. But they do want more time for some of those bigger events like family you know was starting a family and things like oh that. So I do think it is an important issue as we look towards. Kind of the next generation and what's going to be something that's important than his base near start to work more. Yeah I mean my friend just recently had a a baby boy in heat you know bomb that time ought to be. Quite valuable so I feel like our generation certainly. How much time validate that. Not I think it's only a week or something like that so we're talking about like taking twelve weeks are yeah I mean that's sort of companies are offering Tony weeks yeah and here's that did difficulty. It is this is for men in and one of them is in your out of the office for four months five months. You know you gotta play catchup for awhile to get back honorable career wise to you know like how does your employer viewed that way your player looks at and says. Geez he just had its first kidneys out for five months yeah that's crazy and what if he has for more bright ray is that they think that. That that has to be. If that's an employer problem. Yes that's that's not something that you need to be concerned of as you're having kids because otherwise if all we say is have more kids but don't get to spend any time within. What's the what's the point just that that's the power generation list your baby boomer. You to use your wife would have acted on Thursday. You'd take Friday off to him back to work and and yeah I mean and you and you missed I remember going years I think I went at one point. Three years while without it and we vacation. All right time where could take a week off because my job was all concerned I just look at and I say look there's the companies that we work for them. We don't exist. To work there every day I mean for me without a difference in general if you are in my generation truck is we we've lived to work. It and it was Smart that you just everything was about a career advancement and driving in nicer cars but getting bigger house I I get the sense that your generation has a different respect what fingertip. Pens on the industry too because like for me you know it's a radio jobs so if I tickled extensive amount of time off. You know it it's got on the show is gonna hurt a little bit right an and I'm gonna have to play catch a parenting but I'm expecting hopefully am expecting come December you know couple times. A couple days off you know or even two weekends you know I think come December the big thing also is keep in mind what's happening in December. On. Chart tells that maybe I am today well maybe I am we have an announcement rulings. I think in order today and come December. 24. That's and it's added to date yes yeah. Ali. And slow time of year you know nothing going on on and we were quiet the best days I've heard art and art and shut area you can't I can't trap and you beat chuck ya and it beats tux. With activities like no way cave on this one yeah we're in this together if accelerated. So stuff happens when doing your wife talk about the missed the EC well you know I'd like to take a few weeks lately we haven't talked about me on us by you know budget just to ketchup and sweeten obviously spend more time yeah you know. The the other issues they T take your time together. That's awesome. ID congratulations thank you thank you see I told you. A tropical back in the spring when he writes you're a far off I said Tucker you're like a month I I had I said. That I heard. Tucker's wife was pregnant and she might get mad at everybody goes like a month it was a month. I was brutally yet I I did do. I knew. He knew about zero. Debris that's the obstacle now. Should fathers be given maternity. That's our poll question today you can visit our website financial exchange showed dot com if you want to congratulate. Soccer Silva. In his lovely wife on there pending a rival. We'll send us a text message to 63566. Put my first name at the beginning of your tax us. Woman coming in show business and financial. It's it's the financial exchange with Barry Armstrong in chunks 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 enter their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to Tenet's -- called the Z deposit -- to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information mass master license number 10. 183 again the number is 781. 862119. No. Everybody it's very Armstrong and Jay to Jay is the executive vice president at leader bank. And we're here to talk about a brand new product available for landlords it's called Z deposit dot net Jake. What. Barry we created a security deposit product. To really help the problem a lot of land border facing the security deposits which is. You know one it's time consuming to open the small internal security pop number sons now. And yet to go into the branch gets signed paperwork and their small dollars and Andy turn. 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 form tattered generated the count number department commission statement all that since the tenant. And the interest descent of the tenant automatically every year. This sounds like something it's going to be very valuable to large landlords it might have 200 tenants and small landlords that might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to managed so we make dad very efficient for the small landlords a lot of them are afraid of nineteen complaints done correctly that some of them. Some of them don't even like taking security deposits were hopeful that this hope and do that. Folks if he'd like to learn more about C deposit go to their website Z deposit dot net. Or you can call and speak to somebody on dizzy deposit team it's 7816418691. Or online at Z deposit dot net it helps. Landlords managed care Tenet deposits to great concept you might wanna learn more about 7816418691. Securities offered to securities America ain't members stingray SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We have part of the financial exchange in an instant. By texting us and 63566. Starter tell extra keyword Barry. And become a member of our brand new textbooks tell us what you think 24 sevenths right here on the financial exchange radio network. This segment of the financial exchanges brought you in part by Alina back it's not too late to get a great rate on home mortgage and Peter bank has some of the most competitive rates around call 877. 6917900. Or visit leader bank dot com for more information. Lead a bank isn't equal housing lender member FDIC and MOS 449250. Too many congratulations. To Tucker and his wife to count but I have a few text messages that Eleanor regional Africa 978 writes my wife got three months' maternity leave and I had used my vacation time and it was only two weeks. Another ninth 78 writes my husband's family doctor and he was literally still in the office windows ready to deliver he never took time. With any of our four babies. And night I. Got to tell you ninth Sony I've fallen that same category and it's probably one of the big regrets in mind not having spent so I would encourage you to record take as much time as he can. Yet talked to your boss. Prague. 9617. Drive less time if you can't for the weekend now for the rich congratulations doctor my younger brother and sister in law just had their first baby last Friday you can't describe it or conveyed that feeling very true. Guys 603 rates are still a lot of companies that frown on people having kids. I've had passed on sever promotions due to the few on playing days are related to and I tried to tell you that a pregnancy discrimination. Is that not just pregnant discrimination but parent discrimination because if you're a parent of a three Euro connected get sick even though there in daycare. At noon you've got a jet out take care of them and you got canceled meetings used to cancel projects aid there is parental discrimination in the work place. I think more of it is directed towards women because women tend to be the first ones that called off the jobs. They want to come back we'll take a look at Wall Street but also it would take a look at the bricks that deal. Is it actually gonna happen it's not looking like right now that's next an extra. Life goes on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information mass master license number 10. 183 again the number is 781. 862119. 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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 teen to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. Whether you're celebrating a milestone -- diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 -- silver and gold bullion coins are now available at all -- bank locations bank locally and -- -- gold -- it just makes sense of -- bank a call and learn -- call 8776917900. Or -- leader bank dot -- not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value -- back a step ahead this is a special announcement for a landlords chasing -- only rent payments and making trips to the bank to deposit checks take a hassle -- -- -- -- with -- and -- banks all -- -- collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more we see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months -- free -- landlords visit WWW -- see rent -- meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today until Berrian jug right here on the financial exchange radio network. Dow's off a 113 points but up until today I think we had what four apiece in a road trip. Yet been a pretty consistent move upward in July to this point with the S&P rising from a little over two point 700 almost 2800. During that time. But obviously given a little bit away today. Largely on the news that the trump administration considering. In additional lot 10% tariff on 200 billion dollars of additional Chinese goods. Our poll question is should fathers be given paternity leave half of you think they should and half of you think they should not. Financial exchange showed dot com a site participate in our poll. Or UK in Texas your message at 63566. What's the deal with bricks and it was it was a two years ago they voted they are out of the European Union. Was pretty much two years ago to the day act I think it was right around like the end of June early July of sixteen. I've said since she came on board gal that I didn't think Teresa may actually wanted anything to do with brags you know I I'd I just. And I know that you talked a big game at first saying okay we're in over. Let's let people vote I just I I don't get the sense that you want to because honestly I don't think any politician wants to be responsible for him for actually executing it. What you've now seen is that the chief breaks negotiator for the UK David Davis now as well as Boris Johnson who was the off foreign minister for Teresa Mae's government. They have both resigned over clashes with her negotiating style what she wants to go after. Both Johnson and Davis. Were you more leaning towards a hard breaks it where you know kind of common market or anything along those lines whereas may. Seems to be one X and it's a little bit more down the middle of a little bit more moderate. So you have a march 29 deadline to get a deal done now which means. That we we've got about eight months and at this point to try to get something done that the date is scheduled for 129 how does the rest of Europe fill us. Well depends who you talked to probably the Germans and the French are probably sitting there saying look we need to put the screws to. Near the UK because we don't want anyone to think that they're gonna get a better deal just by leaving. I would imagine that if you go and talk to people in Italy Portugal and Greece and Spain they probably say. Let them go we wanna go to you know it's it probably depends on who you talk to. Across Europe there but the the Germans I can tell you. Do not want to give any ground and rightly so I mean it would this would be equivalent to if you know Connecticut said gee we want to be you know we believe we want to secede and leave the United States. What you think the other 49 states would do they just say. Action with Connecticut and it's it's okay. They're Connecticut Illinois New Jersey prelates the FSC pack your bag bond good luck with that thanks for all the and by the way your eyes you know six trillion or yeah so it's. I I don't think. I don't know what kind of deals gonna be able to be worked out and and Teresa made these kind of warning look we might not be able to get a deal done by then. Then what we we don't know what to do them now. Did you attend it's uncharted terror as I was trying to look for this magic answer confinement is a it's unchartered territory it sounds like so if you have Briggs it set up to go when you don't have a deal in place. You're gonna have to go through like all was said you have to reestablish all of these customs checks coming from that and England and everything travel. They eat it becomes a potential nightmare and in the real chance that happens now. You know and I. I've said all along Britain's position in this is not strong now that they don't have much to stand on here like. What would you do do you can't go back and say okay we don't want to leave yup you're disregarding the will you people. What you don't have any leverage in this negotiation. Paid the steelworkers. Are still out on strike. Action on strike they're being locked out by National Grid. And it's 1250. Out of work gas employees around the Commonwealth of Massachusetts. Are grappling with the fact that they have been paid in three weeks and they also don't have health insurance chuck. It and that I think is almost the bigger piece for a lot of these workers because a lot of might have found ways might need. You know some of that health insurance coverage at this point of one employee in lol. Who just found out the Diaz a cancerous tumor in his Blatter. There's no I was gonna pay for surgery and he's locked out he's not allowed to go to work yeah even if he said while like cross the picket line. Because of this issue it yet his contract expired at midnight on June 20 force and they have not been able to figure anything out at this point the big thing the union is pushing back on some proposals that are going to increase the health care costs of its members. And reduce benefits for new hires including in this is the big thing that you see in all these negotiations. National Grid is saying look we want to replace the pension plan with a 41 K plan right. You know and that's been done by many other utility company you know the country it's it's interesting I've chatted with more people who have had this happening in a lot of these cases. The matches that they end up getting on their 41 K is huge. They are that you look at those defined benefit pension plans especially if you make it to the end of the game right do years thirty years she DO 35 years their reach near Seoul. And that's why I always told the union fight to keep pension has it and Fiat feel differently because of the lack of portability you know leave the I I I disagree with you like I think. From a worker stamp let's say you are that's steelworker in for a National Grid. Well if your wife gets transferred. And she gets a really good job in Minnesota and you can't go even you can't you can't split up. Well that's that's up but that's that's how bad it is because. Use your saying well I've got 23 years with National Grid by leave now honey it's gonna cost us a million dollars. You are but the way I always look at it if the company is trying to get rid of it. If it's good for. Billick that they're not a they're not getting rid of the pension Ohio because they say we wanna give you more BO freedom of movement they're getting rid of it has. They don't want a paper is more expensive for them to pay for those pension costs then to do 41 K with the Mac. While in that problem is they've got guys like me who insist on rightly week then you go to the company and that we save a National Grid this how works folks just so you understand. You know in big investors will go to company like IBM. To like national grade and they'll say. Look we're not gonna buy your stock and lost to get rid of these defined benefit pension plan does that happen with Verizon it. In this is also we were talking earlier in the show about the the changes in how people view work. That's one of the big reasons why people in their twenties and thirties don't view work the same ways because they've seen those benefits ripped away. And it used to be in the if if you were working in the fifties and sixties and it was you work to thirty or 35 years ago gold watch the pension you retired from the one company that you worked at a may be two companies have if you were unlucky spent fifteen years to couple. Today you don't know what you're gonna get from companies and that's why people are less likely. To be you know be as committed I think in some cases to saying alleged edged all wanted to do was get up and work every day is because they don't that trust has been broken by American company. Your generation I think we're your generation is lacking is in its. You don't understand how much leverage you have employees today. There's going to be massive worker shortages and push your deal you give no skills and your dope. Nobody's gonna want you but if you have skills and you you have certifications and if you have licenses and if you're good at specific job. I think the demand for services. Is going to be so high hook it in for truck drivers with clean CDLs and hazardous waste. You know these guys that can do. Drive those types of vehicles. They can name their price look at pilots in the demand for pilots look at engineers diesel mechanics. Look at electricians plumbers and need so much demand for workers to now. That I think you're missing the point you don't wanna get locked in to these defined benefit plans because you don't want to get locked in to that one job. You you'd you're gonna have the opportunity during the course of your career if you worry skilled worker. I maintaining your thirty years old you might have half a dozen jobs between now and when you retire which is unusual going back in time yeah it used to be. You know in the news like I've had three jobs my whole life. Bad bad bad. Scenario I think is gonna be very differently or. Yeah a part of me wonders how long term what we're going through today he has the demographics. Bud demographics of the market nobody having kids. Tucker's like my new favorite athlete. I think if anything a dog owners can take articulated a company car. I realize that you just made like the next two years absolutely amazed I'm on that area and so are you and I realize that you effectively ended my life here can get a copy on the brink music off yeah cup car coffee. Call it whatever you need it but we are in this for the long term house on a pat thanks a lot. Real nice. Iron off. Let leads into this next story which use some three point fives. 3560000. Workers. Quit their jobs in the month the we've never seen a quick story like that since 2000. No and it's a different act see if you look at that quick three three and a half million people. And you compare the economies we had an Internet bubble back in 2000 birth shortly there after. And you had a younger workforce today you know people quitting their jobs three and a half million. Quitting their jobs and there's no bubble that icy and you you don't have any replacement workers. The counterpoint to that historically every time we've gotten the slope will quit easily gets ugly shortly thereafter it does truck but he the unit that would makes it different. This time in my estimation and I don't like well no I don't we're queer old. They are discussing the big look at the average age of the country today vs what the average age of the country was. In 2000 it's dramatically different weird. You know during that period of time. The millennial generation which whose 1980 through 2000 was a huge baby you guys are the largest generation in history of the country that twenty year. Period time. Now baby boomers word diet right left it's odd it. That the issue though is demographics are long term forces. What do you see from me you know market cycles those short to intermediate term force and so that means that. Even though demographically in the long run things may be a little bit more stable. You still love the potential for that short term volatility in economy it doesn't go wages because more boomers retire and we don't have a place. Workers. But they're nice thing about today's job market is there are more jobs available and there are workers available to fill. Hey coming up speaking of jobs or talk about it does on each Q2. Any news to share well there might be that next company to exchange. You worked hard to make your money. This is the show they can teach you how to make your money can work through you it's a financial exchange with Barry Armstrong and chuck saga on the financial exchange. Radio network as we get older. Estate planning becomes that much more important hi this is Todd looks 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 trust and you can get your free copy today by calling 866848. 5699. That's 8668. 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 headstart on salt in 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 offering to securities America incorporated member finreg SIPC and advisory services offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated hybrid. Buddy it's very Armstrong and I'm joined by estate planning attorney Todd but ski. 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. Or is 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 that 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 there 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. Call Cushing and dole and 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 simple free. 866. 8485699. Stay on top of breaking financial news by becoming a member of the carries brigade blog until financial exchange dot com and sign up today. We speculated that we would learn about Amazon's selection for HQ to sometime this summer well it's July 11 we still don't know. But it does seem like the pack is thinning out. Well it it it doesn't obviously we are hoping to have something by the fourth of July but no I didn't quite get there but. Yeah you do look at the State's evidence or the cities that are out there at this point. In obviously you know all the that the traditional front runners that we talked about whether it's Boston whether it's Atlanta when he looks you are pretty or buyout in Atlanta. I originally thought it went to the more that I went into it I've kinda primitive and I think that that Northern Virginia DC area is where they likely end up. But it's. You know you you still have these twenty finalists that are in the running at this point. And the big thing is we did get CNBC's top states for business. That came out to just a little while ago. And the big thing is that you know the top state was Texas in Austin, Texas is on the list here. For consideration the big question I think with Austin. Is being simply whether or not it has quite the size and scale. The that they want to and he usually and the educated workforce as well as in the big knock on Texas the lack of education he's Austin's such aid and my grip is different to Torrey city like easy so many people from the east and West Coast and up there because of the tackled that it's the home. Really all the cities in Texas League you look at Houston no one's from Houston and move there because of oil you don't know what's from Dallas they move there because of via tech and business there. So I do think you know Austin has somewhat of an edge just as it is easy to do business in Texas. But obviously the other in cities that are out there Boston news still is in the running. I don't think Chicago winds up getting a Columbus, Ohio knock on Boston is commuting time. In the infrastructure. It it is infrastructure cost of living. There's there's also serious things they say hey you know your trend your public transportation system in Boston is in here. And at that that's a knock and not wrong now I only tried driving into the city. Eve you that you just can't do you eat your good to be. There though so I was the about a week and a half ago I was down in New York garage visiting for about a day and a half now. The traffic there. Is unbelievably bad worst I'm sorry where New York area. I don't realize we've got that back is I have been down there in about five years. It was it took us about half an hour ago five blocks and early in the morning you're better off why couldn't we we had to drive out of the city you know I see you're in your car new and yet we are trying to get out of the city we couldn't I took a train down in the weir had not Long Island for a little bit but. It was not good. Now we'll see a Boston still in contention bomb whole works on on pulled from Boston Herald actually happen folks as we get older estate planning becomes that much more important if you have loved ones or friends. That may need nursing home care. You need to protect ourselves 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 over your trust in having to ask permission for me trustee. To use your money. This is simply not true you don't need I need to give everything away you can stay in control. And you never have to ask permission to use your own money. Cushing dole has a brand new guide out this month. Called the top new top misconceptions. About Medicaid revoke mobile trusts in the guide details thirty. Of the most common misconceptions about the state planning. And you can get yours today by calling 8668. Foray. 5699. That's 866848. 5699. Or through online right now you can download it legal exchange showed dot com that's a legal exchange show. Dot com so anybody win Mega Millions by ethnic the record in alignment to checked in its. It was a 306. Million dollar and it went jackpot. To 340. Noting one so if you do win. Is her it would keep it secret is that it can you imagine that. They done even that you come out and winds on the call a press conference ends on the state some states. Allow for an anonymous winner to collect. Most of the the the New England ones I don't believe you didn't but there are you know a number of states that do still allow for anonymous collection. Butts. Really it's it's what you do low profile yeah how do you keep that the secret enough. It's tough it's really tough because you get it every one who you've ever met. Comes out of the woodwork and says we've got 200 million just and best of my restaurant 50000 dollars to start a business or any 500000 dollars to renovate my factory. You're gonna lose order fronts. Like seriously he'll lose everybody. You know what if if feel the love you because you could buy more friends talker but it's true. That it's talking about like gently event right 300 million mostly ethnic groups. Change your life for the almost doesn't know if I would want to. Auld stopped god one know Al hunt and did they think is think about how your life changes like I'd be a candidate every one I'd be Yale there ought to is. Probably asking you for something private jet got. Private jet for travel from. Private hovercraft for to portray Africa immediate retirement yeah you know I just I think I'd like to pork real split. I if I were a number of animals now. By private jet from my granddaughters it's 132 of them. Is that if you let him let him. When traveling you know I hope we can you got one more on the way right I do see good you have in the in the paint in the Santa Maria. At NATO. I I can deal with they make it handle. Winning the lottery and you know the anonymous part of it right EU probably get flooded with requests from your friends and family program that. That would be for sure appeared to I don't think he's Obama screw and then you'd you'd get on with your life. I don't know I don't know for ever goes away completely new. I just I think you've seen these were stores were people like people literally come out and say it was a never ones. Memory that not a concern that I would have paid don't forget to participate in our poll. Do you think fathers should be given paternity. It happened when I was a young man raising a family that may be something that'll occur going forward go to our website financial exchange showed dot com or can send us text. 63566. We'll be back with more attitudes it. 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 that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means of faster closing call lead 776917900. That's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender. And MLS 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 the 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 fees 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 protester is 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 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. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called Z rent it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology to Obama called this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691781640. And specifically the costs of owning different kinds of mutual funds Mike. Let's first talk about the differences between load in no load funds what to those terms actually mean. Yes when you talk about a load you're talking about compensating somewhat for the sale of back mutual fund. There are a lot of different options when it comes to these but. Typically the most common is just an upfront load that you and paint the advisors so if you put 101000 dollars in to a mutual fund. That mutual fund may charge you 45%. Picked and gets paid to the eyes. In a no load fund you don't necessarily have that upfront fee but you still do not operating expenses each year just because the fund has to pay its employees and so forth. You do Syria let's say just go to fidelity dot com and pick up one of their mutual funds. You might not be compensating. An advisor sales person for recommending that the island but fidelity has their expenses that they are running and they are still charging new. It's all detailed and expense ratio that you every year what is a typical expense ratio on a mutual fund these days I would really hesitate to give a typical because they vary so much emergency funds as low as. Three basis points all the way up to wail over 1% so there is a huge range of mutual fund expenses. As Mike said there's a lot to know about mutual fund expenses and what you are actually paying it fortunately the Armstrong advisory group has put together a great new guide called hidden cost of mutual funds. All you have to do to get it is call 800. 393. 4001. Or go to Armstrong advisory dot com once again that number 80393. 4001. Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and buy your gold locally it just makes sense give leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency on guaranteed by the bank and may go down in value leader bank. A step ahead 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. Security suffered through securities America incorporated member finreg SAP C and advisory services are for your securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Time for bank the pays you would later be consumer award accounts can 1% cash back with a debit purchases and an extra 10% back when you use your card and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass residents only bees may reduce earnings rate subject to change without notice member FTSE. Leader bank a step ahead 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 78164186. And 91 that's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with Barry Armstrong and shut sun out. You're exclusive look at business and financial news affecting your day your city your world. Stay and owned and today about economic and market trends plus get breaking business news. And the financial exchange with the very Armstrong and shocks. The older Americans remember. Gasoline prices back in the 1970s. Were to talk about that. Pending gasoline prices here in the United States coming forward well also take a look at whole foods had a big announcement relates to prime day. And I'm gonna look at a story. Certainly it's to an ex employee. Who was awarded 775000. Dollars in discrimination. Reach. With Costco down in Pompano Beach, Florida hi everybody it's Berry and shark with you here. It is a Wednesday morning and anyway I'd start to get nervous about gas prices because. You know in the past truck we've had all of these reserves in excess supplies if you looked at storage facilities they were remember we we would talk about. BB or so much supply that they had oil tankers just parked out at sea via holding oil has ignored. Yeah and not the case at this point and you know even though we do continues the increasing US production. Overall supplies. Are down and in the last year the overall supplies the United States not including the strategic oil reserve that's obviously a separate animal altogether. The domestic. Supplies have gone from us reserves of 500 in two million barrels down to 417. To about 1819%. Decrease that we've seen there. And so what that means is that if you do have. Times were hate even demand spikes for some reason or supply goes off line which is more likely that is the bigger issues and a yep. It it means that you're going to eat further into that you know being in those reserves and that pushes the price up even further so. In the last week we've seen gas prices rise by about one cent as we've seen oil prices tick back up nationally were 287. For regular gas throughout the country most expensive parts the country not surprising. California 366. Hawaii Hawaii is at 375 Alaska's at 340. Not cheapest parts of the country typically lock the south Texas Oklahoma Louisiana those are usually your cheapest places Georgia that you wind up being. Not Connecticut very expensive as well now to 308 and so you continue see high gas prices there 'cause Florida Florida on average 277. Right now so. It's you know it depending on where you go it's a mixed bag but I give you the example Florida Ford is actually seen more rapid increases in the last week than the rest the country we go forward it was 272. Now. Now now it's 270 seven's it's a five cent increase in Florida would you attribute that to. No idea and absolutely no idea it's it could be I don't know if there's you know pipeline that may be undergoing some maintenance or something like battered. You know something along those lines but. It's you know it's something that you are seeing there right now. Well who will follow that story but he says it's a concern because Z you know the problems. It's something it. Pass it affects many of error aspects of life and look we'll follow it. A whole foods announcing its prime day deals they're really trying to get people try I must confess I was all excited about this. Still trying to try to attire or one right now yeah now I haven't I don't think I'm eligible is too far away from irony that I'm gonna try it next week. Yet is what the deal is they're getting you view you know that's discounts. But then on top of that. You did it did you to ten bucks yet I want to prime day so out front right. I do know there are some people who have but try to that I know yeah that have had some problems with the old and they said that they they were kind of unprepared. For the roll out I think let me take a look I'm just pulled up just that took some notes on this actually. First thing you can't save orders. So let's say that you have regular things that you buy or current fact can't save that annual list and just click that and have like one click to buy at all which would be kind of nice. That'll change like no other issue. Person was waiting for in order. It didn't ring the doorbell so they know that the the their delivery got there she was sitting outside in July he him no it's an issue and granted you know there's news some you know ice and stuff and some of the boxes but. If it's sitting outside in 95 degree heat them. Doesn't really matter too much of that was another problem. That they have there what else but it's the beginning it's early got down a little so as an ice got eggs and chicken or both three days past their sell by date or Lou. And that's that's not agree Alan and due to resolve that they called ma. Another person they got only three out of the four bags they had ordered one of the order one of the bags was delivered someone else by mistake. So they didn't get everything. And and see what the problems with the Amazon fees there's nobody to call. No more whole foods stores your call. And you get to some pretty quickly I was ranked now pays the and its customer service and Amazon. Did leaves a little bit to be desired. It's you talk text yes it raises a good question actually you know part of the reason why Amazon has been able to consistently under cut on prices because they do lack on the service side of things in some cases. I had a really good experience for them when they lost my TV blitz right granted they did lose my TV. But actually called and talked to some when they. Re shipped TV for 10% less but. It's in general customer service with Amazon can be hit or miss but these these prime big deals at a whole foods. Good I don't know if their grief you know and try and they keep Sam and trying to happened but I probably I'm gonna try next week are. The thought about this death ex employee they get the Indy were awarded 775000. Dollars geeks Costco now cost go. Is actually known as being a company that treats their employees really well up until today yet and end this apparently. What happened was. She had in September of 2015 filed a complaint. Because she had asked to have an interpreter or have communications written down for me obviously because she's deaf. Instead they gave her a videophone. But shortly after managers started to complain that she was yelling on the phone. And unable to control the sound of her voice and so went through this whole back and Fortson and pretty much what ended up being found. Was that by his Broward County jury. She was entitled 775000. Dollars in damages. Four on proper termination and unjust term and. Should now and they looked at the facts and beavers are almost a million bucks. In the first hour talking about paternity leave. And you know here's a lot of companies that are moving towards insane hate me you know. You just had a baby the lead we want to use proper. To take twelve weeks off sixteen weeks in some cases they're saying take twenty weeks but months. Mean I have a friend who moved to Sweden and combine the late two years between the mom and the dad they can split up however they want. That's that's actually pretty nicer our poll question has to do with that topic today in go to our website financial exchange showed on to participate. Should fathers be given. Paternity leave 480 days actually and Sweden's about a year and a half that they can choose who gets the men when they get the 61% of you think that fathers should receive paternity leave 39%. Feel the opposite that they should not. 617 right so no on father's getting. Paternity leave it's ridiculous. 339. Paternity leave seriously a guy would have to turn in his main card first. I don't type I I'd. I'd feel like a lecturer they corporations should be required. To pay for is that a just like the idea of the government telling corporations what they have to do. But as. A grandfather and as a guy who raised five kids. I sure wish that I'd taken more time windy and that's I took zero time the you know. What would have a baby on Wednesday and I'd be back to work on the Friday that in in retrospect you regret that decision. But we'd like to hear what you have to say. Go to our website it's Manny to exchange showed dot com participate in the pool or Texas you if you feel differently and I do it and be happy yeah. Share your thoughts with a all of our listeners at 63566. That's our text number and if you're. New to the show and you haven't texted us before. Please put my first name at the beginning of your text message my name is Barry BA RR YEU kind of buried the lead on this one also what's wolf anyone was listening in the first hour of it and here. Agree news Tucker Silva our executive producer. And his lovely wife are expecting their first child in December. Yep and a slow time of year Christmas Eve Christmas Eve maybe we we on the brought on not be more excited for them it would be impossible to be more so it Christmas Eve baby. In a lot of times the first baby comes I just mention them up. Trying actually might buy it isolate my third childless two weeks. Two weeks and a two week actually come recently after that I checked it was for. Your time you don't remember the day the earth at the no I don't know what the due date wise I don't know opposed later earlier time. As I understand it we have. Trivia. Coming up in addition to that we're gonna talk about the top states for doing business all that more coming up on the financial exchange. And includes round. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network. Getting up before the sunrise definitely makes you a morning person you identify problems and you get a headstart on salt -- 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 that fees associated with mutual funds there are management fees twelve B one fees and reinvestment -- 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 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 landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called Z granted it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired this he ran technology to Obama called this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running the bank to make your deposits at your bank to add zero to its list of offerings. Visit 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 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 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 called today in your plumbing problems they're history call easy plumbing at 781. 862. 119 B that 781. 862. 1190. Or you can visit them on line 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 Doug Durham. Vote your conscience and arid just vote go to financial extreme show does come in castaway. This segment of the financial exchange is brought to you by leader bank's brand new product called Z deposit it's another free program that streamline the opening of Tenet security deposit accounts through re totally digital experience. Landlords can. Open an account on line. Invite tennis to enter their information and then manage all their security deposits in one place just called Z deposit team to get started. At 7816418691. That 7816418691. Or. Visit them online at Z deposit dot net. Member FDIC leader bank a step. Did we play trivia every day at this time and the eleventh listener with the correct answer to this question will win a fifty dollar gift certificate to Arnold restaurant and clam bar. The late actor Fred Gwynn was born 92 years ago this week will be testing your knowledge of the monsters. That's news watchers that putts in my two episodes you have watched about the same token nine UA. To play trivia you text us your answer our architects number 63566. Many view are new to the program so what you would do is my first name at the beginning of your text message by first name is Barry BA RRY. And here you go to question at which address did the monster family resides. Newton that's your question good question. Again the text number 63566. My first name at the beginning and attacks the prize is a fifty dollar gift certificate to Arnold's. At which address did the monster they only resign 63566. Once a year CNBC does their study as it relates to the top states for business in the year 2018. Texas number one across the board. Yet comes out number one for taxes in particular the strongest places text was the best state in the country for infrastructure as well as the strength of the economy. The place where they struggled does every state has couple places where there and not quite a bright enough education they were ranked 37. Quote real life 31 I wonder if that has to do with the kind of world vs city divide in taxes that you see a lot of places in Texas outside the major cities are still pretty impoverished. And so I wonder if that factors in there. Rounding out the top five we have Washington State. And you talk Virginia and Colorado. And then continuing on down the list Massachusetts the only New England state in the top ten coming in at number eight. Largely on the back of its workforce and education ranked both top in the country. Education their technology and innovation they could get a number two there come out number two behind only California you nor they get crushed Massachusetts is on cost of living in 48 and infrastructure 42 costume business 43 so very expensive there. Florida coming in at number ten strongest aspects for Florida access to capital fourth best in the nation. Infrastructure eighth best in the economy ninth best the police were Florida struggled. Education coming in at 36 at a cost of living. Middle of the road actually a 26 ya know there's a lot of housing stock in Florida with 36 and education I mean all Florida would have to do. The news makes a modest improvements to their educational infrastructure and they could rise up that ranking question that the Droid no state income tax the five worst states to do business in Alaska comes in at number fifty because pretty much aside from business friendliness and now they're just not very male. He's never he's do business there as well it's Alaska and it's far away and expense been cold in the dark and everything. Mississippi comes in at 49 to move in West Virginia 48 Hawaii at 47. And then Rhode Island and Maine in a tie for 45 CO surprised by Rhode island's poor ranking guy by Gina was. Working on trying to improve the business climate in Rhode Island I thought she'd made strides that he evidently. According CNBC Rhode Island. And main the two worst states. In all of New England for doing business yeah Rhode Island gets hit because the cost of doing business infrastructure both of those still very weak beer even though I think they've done a nice job kind of shoring up the the airport in Providence and getting some additional routes out of there. Not great education rankings compared to the other New England sleeps is because problems has some good schools around. And but the public schools are lacking Connecticut. You know Maine and Rhode Island are in trouble when they were ranked worse than Connecticut which came in 37. On the CNBC survey despite the fact. That they have the number nine education system there education systems actually dropped Courtney CNBC. Yet they used to be in the top three every year. Yeah and and really the issues with Connecticut. Infrastructure cost doing business and and cost of living continue to be high there. So Connecticut pretty much writing on the states that are around it. New Jersey Oklahoma yet tells you not necessarily keeping great company at Vermont do. Where is Vermont 32. Vermont and have thirty seconds so kind of middle of the pack their schools there number ten and schools New Hampshire comes in it died 24 underscore ranking second. For New Hampshire. Or it was a New Hampshire your second via. They mean education. An article in New Hampshire I'll tell you in my opinion. And having an educated workforce to choose from. Is critical to the success of any business which is why have always maintained chart and Amazon will come to Boston. There's a lot of things I understand that Boston and New England have a lot of things going against it but if you're. Trying to build that type of company in designing after members tech company. And I I don't think you're going to Atlanta I don't think you're going to Texas I think the only place. You know you could say well let's go to California but they wanna be on the East Coast and I've said it before I'll say it again Boston has the best nerds in the world now. Did you did that the biggest nerds that's what you want to get the best putters. It's it's an interesting. Punishing Iran you know chuck you alluded to this all gosh it had to be. And maybe a year ago. We talked about. How the cost of American oil production had come down as a rule as a result of the collapse. In oil prices. And indeed you were never able to quantify but you knew that our cost of production and come down. Wall Street Journal did a nice job Christopher Matthews posted an article is actually yesterday. About how the oil industry is using technology. And fortunately it's it's eliminating a lot of jobs but the way it's really driven the cost dramatically. It is it's it's remarkable and it's really been two different parts. Of the shale oil revolution in the last fifteen years the first is just the development of the fracking technology. As well some of the other BO technologies for non conventional deposits you're horizontal drilling and things like that. Those were kind of the first wave that came about during the 0522012. Period. The second wave has been in the last three years because when oil prices dropped 27 a barrel. Company said look we we can continue to try to pump oil if the cost of seventy bell dollars a barrel to get it out of the ground so the decline in price. Forced the companies to be more innovative. And invest in technology and in this is what I always say when you talked about you know with we had a lot about business and wanting a stable business environment. Stable business environments are good for biz. They're not good for innovation because you're not forced to innovate you have to innovate when things are going wrong when they. When things are stressed that's when you're forced to innovate which is why with all the talk about worker shortages in this rat. Companies are gonna figure pay either how do we make due with less workers. Or you know we we have to adapt or die. And this is a perfect example you look at the number of people working in the energy sector. It's down 21%. Since when he fourteen but our production. It is way up you look at how much were producing for oil and natural gas today vs 2014. You know we we're growing that exponentially but we're growing very rapidly and yet the number workers down 21%. Well it in this is exactly what we talked about earlier this week with forming in the United States forming in the twentieth century. We went from having about eighteen million farmers. Down to about three no it's we saw a decline in farmers by 80% yeah. Put the number. Of there I'm sorry the the amount of production we got off of our farms and more than quadrupled. You know where they haven't been able to figured out is on the structure still big shortage of Vegas there camp Taylor to come back for a talk about. Load down payment mortgage opportunities that are available outside the answer to attribute question. The financial exchange is alive on FaceBook so make sure to like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. As we get older 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 with 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 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 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 fees among others they can have a negative affect on your portfolio let my firm helped you make sense of these bees by requesting our free guide it's called the hidden cost of mutual funds call 803934. Zeros you're one to get your copy today that's 803934001. Or download it right now. At Armstrong advisory dot com. Securities offering to securities America incorporated member finreg SIPC and advisory services are for your 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 capable. Qualified work I talked easy coming in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. 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. Eat six to 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 Mike a lot of 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 ones people note 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 of that don't trade is much of that you can get a better deal absolutely I mean when you look at that. 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 manage large cap mutual fund in case it's. 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 guide 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. They're 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 America companies are unaffiliated. They say video adds ten pounds. But don't tell Berrian Jardine the financial exchanges alive every day on FaceBook and YouTube this is the financial exchange radio network. Can't see what via sound of an annoying dripping faucet you need to called experts it's easy opponent is easy makes it easy Dave Reid and providing prompt reliable service to metro west for more than thirty years. An easy opponent won't just fix a problem though prevented from happening again cultivate 781862. 1190. Is easy does it mass master license number 10183. In the 1960s. Sitcom called the monsters the Munster family resided. At thirteen thirteen mockingbird. Lean. The winner on this question was robbed from Lincoln Rhode Island rob is taking away fifty dollar gift certificate. To Arnold's lobster and clam bar on US route six in east ham Massachusetts. To get down to Arnold's and check out all the great food for yourself call 50 wait. 2552575. Or visit the monoline Arnold restaurant dot com. For more information. You know chuck date came across this story about banks offering load down payment mortgages and Tucker given that your Anemia fatherly way mean he's gonna have his first child damn house. All of whom is well. Here here's a stat and in this are gonna give you the bad news first. Bank of America which bought countrywide bank and wanna remind everybody yes they paid two billion dollars that. Piece of them probably overpaid player and I shouldn't alienate yeah literally overpaid by about ten billion even though they only paid two at any rate. You can get a load down payment mortgage within as little as 3% as you down payment or if to have as a fight the score of 640 no Pia mine. You can't own another property time purchase. May have to take a homemade homeowner education plan. And you can get 200 dollar bonus if you apply. Before November 30 of 2008 team. And and what makes me. Give him Wyatt don't like those programs first then I'll tell you the good part. When I don't like is if you're a 640 by a score. That means you're not paying your bills. No you you don't get a 640 because you have too much debt outstanding you know it is 640 because he missed one payment. You gets exported because of a repeated history of knowingly and across your bills you're euros lately car payment in euros lately cracker exactly so if you can't pay no news and you're stepping up to something that's going to be 234 times the size of that. It's difficult to be able to say hey this is a good decision for me it's difficult for the bank say hey this is a good decision for us now. The other thing I don't like is that down payment. Of 3% now truck I know you took advantage of one of these programs and it worked out for you. Because your timing goes you bought your house my timing was ideal and you'd you'd be in in Peru I I don't mean to. Downplay your success but if you're lucky in terms of timing or caught in a down I onion wanna buy where I bought I think I was lucky you wanna buy at all IE I kicked you in the ass and made you by that date the through it it hits you you bought a place. Yet a minimal down payment. Now somebody who's buying a house. And that's saying the markets peaked and I'm not saying prices will go up anymore. But prices have gone up a lot if you'll put 3% as your down payment and then something. Happens you have a life event where you get transferred. You have a life event where you lose your job you have a life of that we get divorced. Annually of 3% down payment and then you have to try to sell that house in a hurry because your being transferred divorced over whatever is happening. Let's say what you probably underwater in that new property for as many as 510 years. Which is why I normally say if you can. 15% is it a base level down payment that I think most people should try to make the reason for that. It covers a 10% decline in the local property market. And also covers the 5% that you're gonna need to pay as you brokerage fees and whoever selling your place of 15%. Gives you coverage having said that. My view is especially if you're young if you're in your note early mid even late twenties. And you say yet I don't have enough for ten or 15% down payment should I go with the light one. The credits go to your comfortable I think it makes sense because that's the time to take that risk and add that additional leverage. We better have a cushion track because you have to you know let's say you're working and you're an electrician in. In Austin you'd you'd get laid off and you're out of work for six months and in what I will say is. The bank will always lend you. More money than you should borrow from say they'll say oh yeah you're fine had hung it a you know a whatever the numbers I can't even remember. The something income loaned you know loan interest income whatever it is you can have this ratio up to you know 3639. Or 43%. Don't do that. When you had that low down payment mortgage. Did you immediately start making extra payments toward to pay down the board to get the the first month I started paying an extra fifty bucks a month and I gradually increase that you pretty much fifty to a 10250. Just as long as I felt comfortable so. I just kept on increasing that until you know her do you remember how much you paid down by the time because you sold it after only few years four years she would yeah I sold it after I'd moved in in 2013. I sold in the middle when he seventeen C it was four years. And I it paid off about sixteen or 17% of the of the mortgage and we can make for profit you remember. It was more money than I thought I should make your lockyer yeah I was it doesn't rather be lucky in eighties you were in the right place the right time he took a risk. I pointed to a trust in the first day that I moved in and sit there and I'm like why the heck would someone let me hundreds of thousands of dollar if aunts and the place of no I'm seeing the first night and I'm like. About 25 or 26 year old kid why the heck would you lend me all this money how don't you have to be did do this like what what's wrong with me but they did. You know one of the things I'll point out. Is the lending standards. Even though you can borrow the money was 3% down 640 by a score. I'll tell you what the in terms of verifying that you have a job. They will literally you're closing on your mortgage at 2 o'clock in the afternoon. They will call your big deal Tucker years when you buy your house bill call your employer at 10 o'clock that morning. Tiger social worker. It Leona checking the deal when I bought my place last year they were they I think they called our office like four times it is still there is still working. Still working Turks there are skeptical they there's got the that you way you know Wiki room. I I hesitate to bring up this next topic. Because it's changing as we sit here and 21 century fox. Raises their offer to buy cops guy they're competing with Comcast. But Dan in the same breath I I'm realizing low Comcast is trying to buy some of the fox assets. Here domestically and mrs. A lot of moving parts to the media does. If if it kind of feels like a snake it's eating its own tail now you know it's it's like so where's the money actually going and honestly I don't know because it's it's just everything is so wrapped up with these two potential deals here. But you do have 21 century fox saying look we want to increase our bid then up to wat twelve dollar her at twelve pounds and fifty cents a share up from the original bit of ten pounds and 75 cents so. You know you're saying okay it's about a 15% premium from what we originally wanted to play. What's interesting is that we still look at TV as a dying market right. But we still apple these companies wanting to buy all these TV yes so people still watch the just watch it differently you know people watch. I do you guys watch network television anymore dealer was last time you said on I don't. Sit down and watch the show and make nice I can tell you the last time you know TV show lost. Yeah if finished up until 2010 the last time I watch network so everything is in since then for eight years I haven't watched a single network TV show. I'm guilty as I was watching America's Got Talent last night that the with the scope of who knowingly as I thought I don't you're riding high there for awhile with the birth of the child abuse out and everything was senior corners laying off and on laws actually take you back it's not like a scripted show but I do watch American ninja warrior. OK that's Nortel yes that's that's network television and nobody do you have to turn off your brain again global economy what do what does that point it's it's gay trying to. You know I do that right before bed and all of a sudden my brain's like yes obviously because it's better than I sawed falsely let's talk about. Heave that these deals. But Comcast still does not need an offer for the fox axis right. Noted there's still in competition with Disney for those box ass Disney has an agreement to buy Disney as the high bid at the moment but there's a tick there's a fuse on the opera beats this Friday we hear enough yes or Disney's offers up to 71 point three billion dollars chatter is that Comcast may need offered. Somewhere in the ninety billion dollar range crew to get these as keep my Disney's first offer for these 21 century fox assets. Was 52 billion. These are embargoed for 52 to ninety billion. I've seen it still comes back to can Comcast actually reason it's a link on a debt will anybody on a debt I mean name. And I I still think the Disney needs these fox asks it to wants them more than Comcast idea it's. Disney wants that X-Men licensed to round out what they have with marvel is remember ever movie that comes out now is more movies seems like. And and they want to be able to tie that in everything to do with the avengers. When we come back room be talking about the UPS Teamsters deal Italian shatters. The drivers are not happy. That day view if you look at some of the chatter on the stuff. I'm not sure that the drivers you likely get a fair shake but we will be talking about. UPS Teamsters labor deal. Next on and tortured. Ballerina and judge. Alex this is the financial exchange radio network as we get older state plane becomes that much more important hi this 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 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 the tennis -- called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them on line and see 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. Coach AZ 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. 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 10183. Again the number is 781. 862119. No. Time for bank -- you -- liter maximum -- accounts of 1% cash back with debit purchases and an extra 10% equity user -- -- businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917. -- 900 or -- leader bank dot com -- to open and current annual percentage -- ten dollar mass residents only -- -- reduce earnings -- subject to change without -- member FDIC -- -- a step ahead whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold locally it just makes sense of -- banker called and learn more call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency -- guaranteed by the bank and may go down in value -- -- a step ahead. Security suffered two securities America team members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tech club by texting the word battery to 635660. So your first and last name and get involved today you're listening to the financial exchange radio network. Today looks likely an agreement between. 260000. Teamsters and UPS. And looks like UPS can be filled seventies we. It sure does what one of the big things it's gonna be happening here. Is to prevent regular drivers from having to work weekends ships in and deliver Saturday Sunday because then that's the reality of today's world now. They're going to create separate categories of drivers that work either Tuesday to Saturday or Wednesday to Sunday in order to spread some of that work out. And so another big thing that's happening. Starting pay for the part time workers that are with UPS is gonna go from ten dollars an hour up to thirteen cents a 30% bump right there will that be enough. To hard job he recede in parts of the country will be enough you know if you're looking kind of out in rural parts of the country I think it will be. In via the northeast the in the California. In nearly in cities like Chicago might not be enough Washington DC you know it's it's going to be a challenge and urban areas to and to make sure that that's you know competitive they may have to go bald. That in some cases. It. It is good for the guarded it. Griping that I heard is that the drivers wondered more money then with the union settled for. No they're referring it to witness act S deal would be surprised that's the case now. Here's how much money those 1% church really may keep you wanna be in the top 1%. Of income earners the latest data we have from the Internal Revenue Service. Is from the year 2050. How much money DF to make to be in the top 1% this is of course three years ago. So to be in the top 1% which in the one point four million individual income tax returns that fall into that category. You've got to make about 481000. Dollars a year. Now if that's not depressing enough for it to be in the top point 1%. You have to make at least 2.2 million dollars a year. Can you wanna be at the top point 01%. You've got to make eleven million dollars you almost twelve actually if you wanna be in the top point 001%. Of the top 14100 tax returns in the country. 59 point four million dollars. It I try to think what you have to do. It's how you think they itemize what is LeBron James Macon 2900003035. Four years or 154. So 37. Turtle one. Or that's just the salary that that's just the that's just a salary for Plame yeah that is endorsements probably another twenty to thirty on top of that so he's he's probably in that top point 01%. I would imagine that if Tom Brady and Gisele filed jointly they are. A little more than. A picture still dollars and fifty you know dual model used only acting. Job that's paid him already close. Enough. Take a look and here's just seat now yes she earned in 201630. And a half million dollars no kidding. It for her now badges for waking up and you know we'll be you know beautiful piano Gisele. Folks getting up before the sun rises definitely makes you a morning person you identify problems and get a head start on solving them. I'm up early every day helping to advise my clients about their problems. One of which can be understanding the fees that are 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 our firm help you make sense of these fees by requesting our free guide this hidden cost of mutual funds call 800. 393. 4001. To get your copy today that's 80393. 4001. Or download it right now at our strong 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 America companies are unaffiliated. Get used to hearing this furries. Transportation. Network company that's a General Motors is building. And by the year 2030. General Motors business plan is to have a fleet of 800000. Vehicles. Driving fifty billion miles per year. And basically. The this. They're there they bought this company called cruise automation and and they're building it out like crazy it's considered to be very valuable relative to the overall company General Motors. And the this is us getting a glimpse of what the future of transportation is going to look like and I would say by the year 2030 doobie little very little. Reason for somebody owns her own vehicle. Yeah it's going to be as opposed to what we do now where you view by vehicle neo you either make your payments on a monthly basis or you pay for it all up front. What you're going to by going forward is likely gonna look very similar to a cell phone plan you gonna buy packages of miles of this month. Okay I'm just going to work I need a thousand miles per month next month I have a family trip well I don't want just by regular car give me 200 miles with the minivan as well. Because we're gonna be taking a trip be no did two hour trip somewhere for BO summer vacation. What do you think it looks like though in a more rural area beat do you think it's a universal thing I don't think he gets adopted. Ditto the whole concept in the in the rural areas are you saying anywhere in rural areas I think it struggles to get any kind of large scale adoption and the reason why because they're so world. It takes so long to get a driver was cartoon you you know it's if it takes you and out if you order the car an hour before you need it. Let's say that you have an emergency you know you can't wait an hour for carded and taken to the hospital where you have to have you know a car their secrecy GM got to get my wife and darn you go deliver this baby and things like. Who would use it in the urban areas right in even suburb. Areas. I would think the adoption will be. Pretty rapid what does it do the things like and parking infrastructures. Where it would if you're running a body shoppers Ottoman auto mechanic repair shop stop I've been. It would seem to meet. That you're gonna have all these cars going back to what are today auto dealerships for service and you what I've read has changed my opinion a little bit on this recently and that because of how we use cars rallies and at the same time a day award him. You can't really reduce the number of cars to significantly. But he can change the types of cars that we drive size for and the size so instead of getting into working your four door. All you need is a one person pod to get you the war I drive a five passenger vehicle and it's it's. In rarely do I even have one of the persons that are in that car is built for kind of detail use where you say gee let's pile of you know the family maybe couple grandkids in go somewhere. But most the time it's just you of the types of cars that we'll have little changed things like that. It's gonna be fascinating it's going to be somewhat terrifying I mean that I don't deny like the first time to get into one of these I'm gonna sit there I'm gonna go. My fingers or that well but you know it's like that's that's how technology works. Haley began the show with a poll question which was do you think fathers should be given maternity leave. From their employees employers excuse me 58%. Think they should. When I thank you all for tuning into the financial exchange today will be back tomorrow it's Chuck Berry and father to be tucked herself. Joining me tonight.