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Full Show 8-2-18

Aug 2, 2018|

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This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and 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. Only in America knew him you lose hundreds of millions of dollars in a quarter. And get your stock goes up by ten point 5% of course for talking about Tesla. Another story we've got on docket today is apple. You'll shares of apple you should be sending a thank you note to Paul Ryan and president trump we'll tell you why. And then. France banning Smartphones and actually be involved in our poll question today. Hi everybody is very and Christine Dunn with you here today it is a Thursday morning in. I found this Tesla story you know it's so easy to poke holes in this company. But somebody liked what they learned yesterday and darn if the stock is an up and a half percent. And it looks like you know Elon Musk is saying he has on his way to be able to view. Provide more affordable version of his his car and model threes the sedan. And he's he's seen any on the road I haven't seen anything new I've seen one but I you know I asked our listeners last week at the scene and Ian. Gosh Tucker we have a lot of people who was seen among them were today. Or make. I immediately because I I I close issue but that was a big deal that I at sea island chuck says he saw our current news feared yes sir. Yeah in mr. Very. I was struck by the fact that eon Hussein that he is even sleeping Nancy assembly line themselves they are to make sure that they produce that 5000. What is it 5000 vehicles and own a week ago and now we got to go to 7000 write in order to the other to be profitable so I guess investors like the fact that he was he's investing in that time himself. Now here's the easy you know near the devil's in the details and they lost 430 million dollars in ninety days. If 2.2 million dollars in cash for me. But they also pushed off a lot of the receivable are there are a lot of their payables half a million 500 million dollars worth of payables. And the big question news. And and the reason the stock is rallying his. Mr. mosque set on the conference call we will be profitable in the last half the year and we will be producing 7000 cars a week. So to your point. I think there's a lot of skepticism. As to whether or not they can produce 7000 cars week. And what kind of losses or do you know are they in fact going to be profitable this year to people who are shorting the stock are saying he can't deliver. But you know blog. Well that's true I was also struck though by the fact that he was asking suppliers to reduce prices near. On work already under way which is highly unusual and so on he's really he's really kind of asking the entire ecosystem and he laid up about 3500 people as well this thing didn't. He did and he said telephone that difficulty retaining his executives if you look it. You know old treasurer and CFOs they've been resigning. In from the cease week and that's never good side and we doing your fellow. Is senior executives are bailing and you eat it it causes. Because he's used tickle closer look at the company you know bail out of the good company but darn it if the stocks are trading at 330 bucks so. You know I am not short the stock and I'm not long stocks I don't have a an Arab horse in this race but boy it's it's a funny wanna watch. Absolutely absolutely and you know always NC. It's going to be interesting to Casey's clay trying to ramp up production making that announcement about the new facility in China he's trying to get financed with the help of some Chinese investors I think you probably get the money to now practicing. You know it is the it in China they love American product so they can buy. An American design products manufactured in China I think the real effort. Because they have that mandate with the F to have I think it's either ten or 12%. Of their automobiles have to be electric you know we're less than 1%. Well we have examples of other American car manufacturers who have clearly benefited from being in the Chinese market sells. Look at General Motors and exactly exactly helped a lot and helped them a lot sent. Apple if you own shares of apple you've made a lot of money and you might wanna think about sending a thank you note to president trump and Paul Ryan because. A lot of the increased profit that this coming company is coming from reduced tax rates. Yeah in fact the corporate tax rate is and its unit was cut by now almost half to thirteen point 3% from a almost 23%. Detector. Do you find that much yet not that much and I believe that's. But yeah I mean the fact that that tax overhaul had such a tremendous impact and now apple is. You committing to more buybacks are alike in order to make sure that it can continue to kind of pass on those gains. We'd speculated yesterday that apple might be the first company to hit a trillion dollar market capitalization. And we didn't know the dollar amount that the shares would have to trade. Maybe we we we thought it might be 232225. Well today we actually know the number. It's more than seven dollars mission and we need because they actually revealed in adjusted. Outstanding numbers shares. Four point eight billion plus ago. Yeah so 20705. And right now they're treating it to a 380 so yet. Less than four dollars to go. Wanted to do it today. Trillion dollar B first company has enjoyed watching that's for share if not what are the if the you know. Thing is they buy back so much of their own stock and then they can almost cause it happened themselves. France banning Smartphones. In schools during all hours of the day while it sounds rather draconian. Tucker when you were in high school with the rules and cell phone no rules. No not mean this was back in 2006 it was still light when you're Italian Smartphones where you really have that means that in yeah I was like they iPhone. View original iPhone iPhone too well it was it was like when they first really start to the home what is it now Kristi in the school systems I think. And high schools I mean just at the schools that I know and in the high schools it's still the same an and it means high schools actually rely on their students to have there's our fans because so much is done electronically these days and then. But you know just like in France you know middle school I mean what France it was up to the age of fifteen you can't ban it completely. And I know an area middle schools that I know you know you you can't use your Smartphone in the school's act how no way. How older kids today when they get a well I can only speak to the immediate suburbs around Greater Boston. But usually even enter middle school they're getting some kind of found middle school is what sixth grader said pending on the school system its fifth or sixth. Fifth or sixth grade yeah yeah and you know a lot of times CNET site when an eleven year old twelve year old. Sometimes 1010 murals that can now turn now says Diaz sit in any time between the age of ten and that's been getting now. Yeah yeah and I think that. The debate that happens election parents now is not just getting up vomit when yet Smartphone and then you know some parents will start their kid gone beyond. A regular just regular cellphone and not necessarily a Smartphone in the liver accurate up to them have heard both sides of the argument right I've heard the side while you don't want your kid to have a phone could zoom get addicted to it. But then conversely you hear two and keeping track and keep track here kid. Right B is so it's a great tracking device it to know exactly where your kid is at half an hour after school it's. Yeah I mean I think particularly in this area we have a lot of dual working Karen. That GPS function is definitely you know find my iPhone like 360 whatever at the use them hitting a lot of parents rely on it. You know I think there is also an argument you made of when do you stop using that because at some point you know you how active management when my daughter turns 35. If that's a lot of people as it. Exactly exactly. But you know it is an essential to offer for communicating for today you know with kids and so many different activities are. Being able to keep in touch with you know Norah to make sure that that they have what they need. Talkers going to be a father in December isn't thank you around Christmas Eve and a Christmas. If they slow time here thinks you know what what is your phone policy going to be Tucker for your unborn child. I mean hiding demy frontal sixteen years old. Out pros and fourteen in that range fifteen. I'm gonna. I'm going to be tough on him I think I say that now. And is it harder you don't know I don't know. It where our poll question today is should Smart bulbs be banned from all schools you seem to be of the perspective that. They're needed in high school. Well I think that they are needed in high school I think you know mind about tablets instead of phones will a lot of schools are moving. That's allows us I mean the thing is is analyzed schools aren't are using tablets for their education replacing a lot of textbooks. On and so that the use of electronics announced pretty ubiquitous you know terms of you know learning how to manage on these online tools and ordered him to compete again in college. Today I'd do that you limit what you can access in the high schools on your Smartphones like. Can you look at can begin in your kids watch ESPN and can me. Go on FaceBook and things like social media when their eyes on those Smartphones at it it's belongs in the family and the kids entity and I live by them. You use the Wi-Fi and they use it every Sally that they have on the tablets are usually issued by the school and there's more controlled school of spoke even if you purchased one as a parent and you would have to have configured to the schools guidelines see only on certain things. Our poll question is should Smartphones be banned from schools you can participate in the poll by going to financial exchange showed dot com I think you a lot of response to them. You know it's it's it's difficult because. As an older parent right I don't remember this phenomenon. When my kids were in school wasn't. There were tablets. There were Smart chip pay phones. The they headphones they can't cellphones rule. And it football like a Nokia now in our Blackberry error they had phones but I can remember and it just. And remember but see the do you think what are your thoughts on this are text number is 63566. Would love to hear from you can text us. Put my first name Barry at the beginning of your text message and is anything he'd be darned distracting. Yeah I mean on particularly in the younger school ages I think they're very distracting and there's always that concern about social media. And I think it's still exists in the high school that I think. You know at that point you know. I think kids need to learn how to manage it. And they need to learn how to manage to distraction in me can't you can't coddle them for Ireland they hit college you know I have to be able to do it so. But I do think they noted that debate and I asked and now have with people is whether middle school is really necessary. You know I mean and a ten and eleven year old has a smirk I have to kind of step back ago. What's going on here now. Well at any rate participate in the poll financial exchange should not come up next will be taking a look at. Charlie bakers revisions to the derby and be bill obnoxious things gonna get through. The house that's next on the financial exchange. Have a question for Berrian junk now you can text us at 63566. And take part in the show at any time. Start your text through keyword battery and join our exclusive club days as the financial exchange radio network. After five years of no movement at all the Fed has raised the federal funds rate five times in the last sixteen months and two more rate hikes are expected this year how will rising interest rates affect your investment strategy Titus is very are strong and my team at the Armstrong advisory group has written a brand new guide about the challenges of investing any rising interest rate environment it's important to not make snap decisions and to always look at the big picture and this guy is chock full of information that you'll need to help educate you on making the right choices for you and your family. Interest rates can affect all pieces of your overall investment portfolio so don't miss out call right now 803934001. That's 803934001. Or download the guide instantly at Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group 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 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 viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy calming at 781. 862. 1190s that 781. 8621190. Or you can visit them on line at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. Everybody it's very Armstrong NG 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. Terry we created a security deposit product. To really help the problem a lot of blame border facing with security deposits which is. You know one it's time consuming to open the small enough security upon number sons. 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. 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Or online at Z deposit dot net it helps. Landlords manage their tendon deposits to great concept you might wanna learn more about 7816418691. Security suffered through securities America ain't members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The financial exchanges all over New England to go to financial exchange showed don't come and search for the station closest to you. This is the financial exchange radio network. It would appear that the Massachusetts. Legislature. He used at dogs with the governor Charlie Baker over the air being the deal. You know I'm 32 lab who says there can be in his new uses it in order to rent out their home. You know my wife of with a narrow time. It's. It's it's she actually prefer is the RBO and near and Cuomo gave she likes those platforms better. But wit. What happens is you would Massachusetts has done is decided to tax it and but also to list the street address. Yeah I mean Carly that registry to me just you know than the nice thing for that for the users of it for the home and resentment is the fact that you know that there anonymous in terms of there their address and until you actually play right. You have no idea where they are known have rented homes. You know on those in who don't get the address until you commit right right right yeah I think that it's at the very least their privacy should be protected at GM ray yeah absolutely absolutely bet. It's interesting how how legislators are trying to tax and changed the rules of the game and essentially making these homeowners you know who tells. Great it would be it I don't object it's too that to the taxation supposed I think the the the the difficulty. Comes in the civil agents of privacy that you mentioned. But they're letting the the little guy who it would Charlie wants to do is. Exempt homeowners who rent their properties out fourteen nights per year. Or less from new taxes and insurance premiums to try and take care of the you know the person on the cape. They're renting out their house a couple weeks just to cover the property taxes or some of the maintenance costs associated. With the property. I I I didn't look at his amendments to the bill is being. I don't know I didn't think they were. Overbearing. But the legislature seems to be pretty upset. Yeah I mean you know once you start adding in those exemptions I guess you know. They must feel like some of the other things in the film must be undermined in some way. But it's got to be. You know big business France for the economy in Cape Cod and you know the other areas are people have second homes right to be able to to do exactly that him governor baker is trying exempt from. Yeah I was I was curious though about sound you know the impact this would have on on a lot of homeowners to rent out known to make their ends meet right I mean you know I wonder. Yeah a lot of examples of people in the city that. You know that this is the way they've been able to keep their hole is through renting it out and you know the rent out or rumor to within their home by the night and it's made the difference of them deal before the market. Well it's just a kind of an interesting question about this whole idea that shared economy yes and what does this do to shared content right you know at Massachusetts is making this happen. I don't I you know of any other states are making similar moves yes Massachusetts if. A lot of states are area especially on the taxation side because they're looking for revenue. And then you'll remember the hotel lobbies are mad as heck about it and he crack me they're saying well we're not selling as many hotel rooms. Because it's cheaper to go to air B&B and they are paid a tax break so. Well from a consumer standpoint though what would like I've never used they're being B as a consumer. They have never rented a rumor and hope an apartment from. But what a lot of people have told is that they prefer it to the hotel experience because you get a full kitchen need more space. And it's less expensive. Let's Stanley's especially now meaning if you save a lot when you can rent a home run a homeowner than if you go on you have to rent multiple tenants and you don't have access to kitchen and all of that you're you're buying three meals a day at a very expensive restaurant definitely a lot of cities and it can give you more of like a local Phelan a stance I I always like it they can travel overseas mean I really been over the same neighborhood as opposed to talent drain then you know the family and kids get a real sense of what it's like to live there now. So I mean that's. That's definitely put it this whole idea of a shared economy where new taxes are gonna conference kind of interesting is air B&B you know was one of those companies that really pioneered this yes so where else you know with the you know you have everything from. Hoover to Ian myriad other services are now part of the shared economy what's gonna happen there yeah. Density it's if you notice the laws are catching up. Two technology community the it's one of those things were technology has advanced. Especially in the example mover and lift or beat the they took off and now people are reliant upon that technology. And the legislators don't care. Outlaw it even though you know you look at some of the activities of those companies you see what he broke a lot of laws to get where they are right. They are stretched them at the very elite athlete in this stretch that yes visited terminal could but he hit that's where you've gotten to and and I think that's problematic. Labor voices it's the summer of pension reform for Teamsters Alitalia. This is a story that talked about it before you know you've got public pensions that are in trouble. And municipalities where teachers firefighters and cops are gonna lose their pensions. But you've also got right now hitting us. Where Teamsters are suffering reductions in their pensions because the pensions were not funded properly. And that teams Teamsters retired Teamsters. That are seeing their pensions being reduced by 405060%. Talk about drivers. Bakery union guys. Be just that the money is not there to pay out the promised pension benefits that they are entitled to it. Yeah I mean worse we're experiencing this across the board across all different kinds of of retirement programs and it and you. Get a feel for the individuals who follow the rules they they won in the but the money and they got the trust in the system and you know. They have no good reason to be upset with the fact that now they're facing us the the problem is a lot of the money the Wii needs to think when you look at the money wasn't put in. By the in the union's 2030 years ago right I mean they're counting too much on and on reason a returns and or in a make up for not putting that money and current. And Angie eat just you know it's that classic you gotta save meaning how to put it away from the beginning right there. But big picture I mean. Really we are nation in transition when it comes to retirement savings mean more education around the fact people have to start taking. You know more responsibility for themselves unfortunately given the environment. Up next will be talking about the sheet metal workers who have gone on strike how much were they offered and why did they go on strike that's next. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What 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 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. 86201190. 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. Know if. 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Or zero rent dot net many of you listening today your probably retired or getting close to retirement age so have you taken the time to think about what happens if you or your spouse gets sick and needs nursing home care. What would you do if your spouse didn't have enough money deliver on because you're in a nursing home in depleting your acids by thousands of dollars a month how long would your money last if you share these concerns than you need to call Cushing and Nolan they've got a brand new kind of this month told the difference between life to states and irrevocable trusts they can help educate you on how to deal with this problem. 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Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead this is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks -- hassle out of Wednesday queasy -- leader banks all mine rent collection tool he -- automatically -- tenant's rent and deposited into your account visit WWW -- he -- dot -- to learn more -- -- rent your payments for each unit to receive regularly on the same day every moment tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent dot meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today until Berrian jug right here on the financial exchange radio network. Stocks are down today the Dow down 240 points the son of a gun a local company in New England trip advisor. Down thirteen point 8% Mike what's going on a trip advisor bad quarter. It was okay Verity direction signed days they came in slightly above estimate expect all about the revenue and revenue came up shorts or sales were not quite as well as analysts had been expecting. And pretty much apparently based on that has points of the stopping work. Percent this is a pretty big miss on duke earnings were OK but again that would attract future growth is revenue coming for. Tivo pharmaceuticals. And they also were down 8% today. They are yes sir again reported earnings but. What their flagship drugs. Attack zone fell basically 50%. In terms of subscriptions. And sales. Due to some generic competition and so some serious concern about. You know revenue comic that specific drug witches. Going to hurt them in the future so instead of fact they beat on both top and bottom once the current quarter. And raise their forecasts that the city's decent serious concern about whether they'd cap when they're big trucks. And then finally Wynn Resorts down six and a half percent today what's up. There honestly they just displayed on all on all different. Profit came in at about fifty re which are short of a dollar and 96. Read in this forecast as well that pretty much down across the board the only little shining light there was that we had been Macau property went out the counter pretty well. But across the board pretty disappointed so as you mentioned stocks 6%. Thanks Mike. Let's take a look at this story regarding sheet metal workers Christine. They're going on strike they rejected the headline reads. They reject an offer to boost pay package to 97 dollars an hour but the monster. That's right and this is gonna have widespread impact if they actually follow through on me on me on the strike because on job sites across the state of Massachusetts. You know they're gonna run out of material to use he can't do eat either a wintry the Wynn casino you can't that's gonna come to a grinding halt. I think there's over a thousand workers. Yeah I just on that when jobs yeah and you know they're going to be required to come and work and and many now in many respects that in happening in northwest weather sent him home. Candidate in those guys won't get paid so. If it's. You know we'll see how long this strike lasts because the sheet metal workers are going to be getting. Heat from. Mike fetters and they're getting to be getting heat from the electricians because those guys are gonna wanna stay home they're gonna wanna work. But I was curious about the fact that one of their reasons this same kind of some kind of concession that they mean I guess when times are tighter com says it's going to be interesting to see you know what details come out on mountain. And innocent and their rationales behind this is right now it's it's it's we were just hearing from the employers. Well the EnerNOC and who worry about a firm public relations standpoint they wanna get paid that from the if if you do look to vote in 97 dollars ourselves an awful lot of money then for Hedo. And the I think the bigger issue they're gonna have is with there fellow union members in other unions that get sent home and are furloughed. Because they can't go to work again they can't get their jobs and eight let's talk about zoom enough rewards account to checking and savings account offered by liter bank it's pretty hard to find a bank. That has checking and savings accounts that can provide a decent return. And if you're in the market for one look no further than leader banks Zuma rewards account qualified customers will receive 1% on debit charges 10% back. At featured businesses no minimum balances required and no monthly fees but that's not at all. Leader banks Zuma account has a two point 05% annual percentage yield two point 05% and a great perk for qualifying customers. If you're searching for great rate it's time to call leader bank and 8776917900. Learn more about Zuma accounts. That number again is 8776917. You know 100 or visit leader bank dot com minimum these mineral deposit open and earned that annual percentage yield. Is ten dollars two points or 5% annual percentage yield Massachusetts residents only. Fees may reduce your earnings subject to change without notice member FDIC leader bank a step ahead. Housing demand sees the biggest drop in more than two years I thought housing demand was up. And our area it certainly feels that way doesn't it because seems like as soon as something goes on the market it just gets snapped up but they're saying that's. This strap is the largest decline since April between sixteen across the US. And then saying increase in home prices increase in mortgage rates and fewer entry listings meaning for those first time homeowners. Who want to try to get into the market they just can't do it not to mention as we talked about yesterday that student loan debt. Well yet four point seven million people that cannot get a mortgage because of their not a student loan debt there holding. Number of homes for sale was three point 8% lower than it was a year ago. And there are one point 6%. Fewer new listings so if you talk to people that are outlined. They'll say well there's nothing in my price range often times they'll say there's nothing in my price range. Or what is in my price range would require so much work. That it evening as it cost a guy doesn't justify the cost of buying it yeah in and you got this dynamic now where. People are looking at buying and saying. Well you know I've I I don't wanna continue to rent but I can't afford to buy. And I think that's where you've you've reached logger heads here where is just people there's people that want to buy. That they can't you know another study shows that in and night Adam I don't know the stall but their guy named pigs that says. I don't know we learned our lesson from the Great Recession. We're going back to a lot of easy lending that we use to see now. I can tell you if you go to repay you refinance recently in the last few years. Couple years ago we did we minister refinanced you know and take advantage of those rates. Not easy as it's not me never to drink at receiver together and your husband I did it. I thought of it it's it's of the pile. And and you know big file paper back in 200567. He could call your mortgage guy in refinance and it was. Pretty relaxed as well this is a. East east at what are called no document loans that are if you remember that yeah now I mean I heard about them I you know I didn't experience them myself but definitely notice that they are tightening up taking a closer look at the credit the mix of it all of that and nor and make sure that everything was in order. And you know rightly so because he knows we want to reduce that exposure we silent that to turn century yup and we didn't hey Nana. But you know a warning sign here some people are saying the fact that housing sales are on the decline in 99 BO warning sign about another recession. Well resales are down point 6% starts are down twelve point 3% on new homes which is really where the money's been down five point 3%. It's just you would I do notice in this is just anecdotal because I look at it when I drive around I see. Really large homes being built in these homes and they're you know two million dollar homes and it's impossible who's gonna buy. You know like it be that demand. Is Tucker's generation Rite Aid they haven't bought a house yet they want to buy house. We're gonna pay two million bucks for house not many many. Well and you know you're seeing widening gap in the income disparity. You know between the haves and the have nots in a lot of ways and a lot of and a lot of trends and it's it's a disturbing trend to see fresher than in those people who. You know need to kind of get that it could be moving are just having her time. Halves and not have nots talking about we looked at a chart as it relates to student loan debt. Student loan that you all those one and a half trillion dollars across the country. But it's really concentrated. Seemingly in the northeast if you look at the states that have heavy very heavy. Average student loan debt you're talking about Pennsylvania. New York Connecticut. Rhode Island Massachusetts Maine is very high. I'm New Hampshire has high student loan debt Vermont does not but Vermont has a pretty good state university system. Well definitely higher concentration of private universities in that area and you know many of these schools now. When your Ollie and it's upwards of 70000 dollars a year so the students are definitely. You know paying for that and it's a lot of other states have a lot of. In state tuition options. Our schools are better at their state schools like you've got California. Some of the best schools in the state our state school same thing with Florida. Right so you know you're voted to you eat you know. What's the gators news University of Florida there yet. That's that's that's a state school. And that's that's. You know a lot less expensive than say going to University of Miami which is a private school university in Miami so going to be used seven grand a year. A wonder to what extent there's a little bit of a cholesterol effect also because in the northeast we've just culturally kind of grown up with these. Private institutions. That you know we've homegrown. And that they kind of our state education snobs yeah well I'm the I'm a critic of that Arba just there are cult culturally you know we we raise these in the same way at these states Wilson and other you know states where were put together. I gather private school impact is definitely this definitely affecting everyone. Here's that's a stat related to perspective. I think you'll you'll find disinterested lenders foreclosed on 133290. Homes. In the first six months of this year. That's down 21%. From a 169000. Foreclosures in the first half of 2017. But here's the number that really caught my attention. The peak of bank re possessions in the last decade was in the year 2010. Where more than 101. Million homes were taken back by islanders million foreclosures and when he ten. Whereas this year it would appear that we're going to be an 25260000. So 75%. Decline. In home foreclosures. Between 2010 and twenty team now that's amazing. That's amazing. Think coming up will be joined by Adam Johnson. From bullseye brief dot com who tell us what's going on with the market maybe he'll explain why the Dow is down 113. Points that's next financial exchange. Join our brand new tax club by texting the word ferry to 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network many of you listening today are probably retired or getting close to retirement age so have you taken the time to think about what happens if you or your spouse gets sick and needs nursing home care. What would you do if you're just didn't have enough money to live on because you were in a nursing home in depleting your acids by thousands of dollars a month how long would your money last if you share these concerns the new need to call Cushing in Dolan they've got a brand new kind of this month told the difference between life estates and irrevocable trusts that can help educate you on how to deal with this problem. Your situation will dictate which product would be best for you so give the experts at Cushing in Dolan called then let them help you create a new state plane that will not only protect your assets from the nursing home. But will also help protect your family avoid probate and potentially eliminated state taxes fishing in Dolan has been helping families like yours for thirty years and they can help you to call 8668485699. That's 8668485699. Or download the guide right now on their website legal exchange showed dot com. After five year. Have no movement at all the Fed has raised the federal funds rate five times in the last sixteen months and two more rate hikes are expected this year how will rising interest rates affect your investment strategy Titus is very are strong and my team at the Armstrong advisory group has written a brand new guide about the challenges of investing any rising interest rate environment it's important to not make snap decisions and to always look at the big picture and this guy is chock full of information that you'll need to help educate you on making the right choices for you and your family. Interest rates can affect all pieces of your overall investment portfolio so don't miss out call right now 803934001. That's 803934001. Or download the guide instantly at Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are her securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities American companies are. Unaffiliated hi everybody it's Berrian Todd with you here with a quick tip from the legal exchange showed doc common. Todd I wanted to talk to you about the five year waiting period for Medicaid eligibility. As it applies to the use of the medic and a light the state so let's say I Cree I give by house away. I give it to the kids. Does that five year clock start taking if I'd done elect the state yes so if you take your house and many people do this if you take in your house and transferred to the children. And reserve the right to live there you know does that create a five your Medicaid I would absolutely have to and that's the definition of elect's right giving your stuff away give it away but you you do reserve that right to live there so that's at least something that you're keeping which which is certainly helpful to you post to pay the property taxes and maintain the property. The property taxes and maintaining is all done by a lifetime and it you know but I I want to stay on the five year waiting period just for minute because so many people think that it doesn't apply either into the life as they arrangement like you mentioned very. And also too when they make it's you hear people I can give 141000 dollars a year away because I I can do that and not pay any gift taxes that's true. That's an IRS regulation. You'll pay any gift taxes but she will have a five year waiting period. For Medicaid eligibility so it does apply to almost all transfer to and including. A life estate arrangement. So yes it does apply. All right folks Cushing and all and is making a brand new guide available and it's very helpful for those of you who are thinking about giving your house who use like the state compares the advantages and disadvantages. From a life of state to an herbal will trust the phone number to receive the guide is 8668485699. You can download the guide right now. By going to legal exchange show dot com or call toll free 86684856998668485699. The financial exchanges live on FaceBook and YouTube watch Barry and Joseph discuss the issues of the day and see which one smiles at the most. Case who's the financial exchange radio network. Markets are down you may be asking yourself why did Dow's down 149 points well. You don't have to ask yourself and ask Adam Johnson from bull's eye brief at a welcome to show our you don't. A great Kabila is always. Yeah even on down days. You know when we figured out to get. What is this it curse people starting to get concerned over the trade worse with China because I. I I haven't been concerned about it because I it just seems so dumb. That we can't work something out but you know it it now it seems to be accelerating that the rhetoric is not calming down the rhetoric is getting worse. While expecting the rhetoric is getting word but you know work. Mean market's reaction is not you know about it without you know under Clinton on the your picked up. There's not exactly yup it was not. It's up about a third of I don't got hit it past few days that I'm. In the green but. You know pick and what Donald Trump does it is his label you ratchet up the rhetoric. The pain he squeezes people he'd make a more comfortable. You know he did it with North Korea right might let them picketing your need get a whip. Europe and Jon Claude junker as we've learned in over two weeks ago to say okay let's pick the doubt they did it. And he's doing it now with China saying well you know I can actually go to you know point 5% and 10%. He's squeezing them in order to bring them in the problem is the treaty. We don't really like you know these guys are all about beating pretty. So I admit it uncooked report but the fact that we're only down 140 point but now in the matter is up. We have that these black there coldly worse starting to all kind of figured out what the Chinese are. Well I Syria in an ID and and what you're describing has been my thought process through this whole thing. But then when you consider the Chinese perspective. They the Chinese don't really care about beer international public opinion great the meat they care about China. And I just worry the the key you can't eat kind of back yourself into corner. When you mean make these demands and and now we're starting to see price increases right ate here when you start raising these taxes from 10% to 25%. Consumers are going to be happy about that. Others no question and it hit. You know probably it below and harder you know because it baker you know you walk into Wal-Mart and you know. But there's there's plenty of us me included shop at Wal-Mart but you know a lower price. Regarding your bargains right now making it much are we gonna build a barrier and former apple attack. And a lot of what they import comes from China so unfortunately it does it does it people who you know need a break. Vote it hit them the vote. I will also say that will be between the lines of what's coming out of China. And even the morning in response to mr. trump. They took out some of the harshest language they've been using. And instead they substituted this should be official. Actually the statement pick him up from the trade ministry because you can have. Good. Opportunities. Come out of bad situation. So the doors open and I am I I remain hopeful of admittedly I'd want pre they keep getting an electric truck he's portrayed the trio. Freeport. Four and static. You know he should of had a different angle on trade unfortunately you know that particularly true with those very you know Freeport because the copper that the China trade FedEx because they're the largest. Shipper mall are open the world then I think in China an important. You know that really NAFTA and auto part but I think NAFTA is getting better we seem to be getting it. You know progress with Mexico argues that to leverage Canada. On China's that in China the copper right now electric trumps doing that try to you know play it is based mid west but you know. And there's an editorial in the Wall Street Journal they have written by a guy who runs the company that makes bail. And they're getting hit the world. Is is slapping them very old may be in Missouri with Eric and aren't there doctor copter earlier. Yet when we need we be drug. Adam when does he need to get this done by Labor Day. He out well. Labor Day would. Would conveniently. Enable framework for now. Remember there's a new president who is is in Mexico will be inaugurated in the Denver but there are a lot of things happening. Before them such that yeah end of August is when you really want in after framework everything you know I'm hopeful Robert White right or be a US trade rep. Is that he thinks that's possible. So you know they're they're they're your little shining light in why why I'm not bailing on board better in the report. Why in and I don't disagree with you but I just think if it goes too long doesn't negatively impact him in the mid terms. Yeah I guess what you know that it. I don't know I've been. You can't. I think you know that. There are a lot of moving parts here in you know double the one thing about mr. Crowe you know it regardless what do you look like it might get approve disapprove whatever. That made it very truth. And he knows all the levers about that you don't necessarily hold the ball correctly in the press conference with who it was a disaster he he failed that but you know he's he's he's been very shrewd negotiator. What do we make of earnings season. So far stellar now only a fraction better the gap. Better than I thought you know I'm all crumpled down here in New York you know what when I allowed in in you know we don't like. Nobody's who are running money it's that are you know I'm. They're like oh here comes the ball but it better than I expected you know earnings growth is 24 half cent. Sales growth of 10%. I know that of that 24%. You know call it ten percentage points roughly are tax game. I met you know all Kurt shifted out so it's really the real numbers prop fourteen the fourteen dollar a minute but that's what we've seen it like. You know bash back in what 2010 and eleven when it was you know cash for clunkers the opposite you know companies are coming back from the dead and is very strong. Has been strong thank you very much and we appreciate your time. Adam Johnson from bullseye briefed dot com and take a look at the site it's lot of and a valuable information on the web site. The Dow's down 161. Points yes and Smartphones should Smartphones be banned from school 69 point 5% of you think they should. Go to financial exchange showed dot com. In order to participate in our daily pool. We'll be right back. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans 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 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank. A step ahead. The federal funds rate set by the Federal Reserve is gonna five times in the last fifteen months and certain observers expect additional increases before the end of the year rising rates can have a dramatic effect on your portfolio so Colby Armstrong advisory group right now and get their free guide how to invest in a rising interest rate environment call 803934001. That's 803934001. Or get it online at Armstrong advisory dot com securities are register -- incorporated member of the recipe -- advisory services are the procedures are advisors incorporated Barry Armstrong represented a strong advisory group mr. generic companies are unaffiliated many of you listening today here probably retired or getting close to retirement age so have you taken the time to think about what happens if you or your spouse gets sick and needs nursing home care. What would you do if your spouse didn't have enough money to live on because you were in a nursing home in depleting your assets by thousands of dollars a month how long would your money last if you share these concerns than you need to call Cushing in Dolan they've got a brand new kind of this month told the difference between life to states and irrevocable trusts they can help educate you on how to deal with this problem. Your situation will dictate which product would be best for you. So give the experts at Cushing in Dolan called then let them help you create an estate claim that will not only protect your assets from the nursing home but will also help protect your family avoid probate and potentially eliminate estate taxes fishing in Dolan has been helping families like yours for thirty years. And they can help you to call 8668485699. That's 8668485699. Or download the guide right now on their website legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank acquired does he ran technology to Obama called this he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 781641869178164. Wall. With regards to what kinds of sectors performed well. What kind of sector struggled when rates are going up Michael we talk about that let's start off first with the good news what types of sectors typically are able to hold up well. You know rising rate payers. Historically at least we do have to point out that you know every economic environment is different but historically. Banks have done pretty darn well during arising in Sri environment that seems to make a lot of sense right if interest rates go up. And banks are charging higher rate of interest for everything mortgages. Credit cards. Yes they are technically paying out a little bit more on CDs and bank deposits as well but they usually more than making up for that on the on the charges that they have go. When we look on the downside because as much as there might be good news and some sectors there's always another area that ends up struggling what parts the economy what types of stocks might struggle. If rates go up well two big areas tend to be utilities and real estate on the real stateside it's pretty obvious if mortgage rates go up ban people are going to be able to afford less real estates that makes sense utilities it's a little bit less obvious but effectively a lot of investors by utilities because they're seen as a replacement to CDs or bonds in some cases because their relatively safe investments when interest rates go up sometimes they sell those safe investments in favor of those CDs and bonds folks. We've given you a couple ideas to think about with regards to how to invest in a rising rate environment but there's a brand new guide out from Armstrong advisory group and only after you to get it is call 800. 393. 4001. Or go to Armstrong advisory dot com once again that number is 803934001. Securities offered to securities America incorporated members Jenrette SAP C 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 god guaranteed by the bank and may go down in value leader back. A step ahead after five years of no movement at all the Fed has raised the federal funds rate five times in the last sixteen months and two more rate hikes are expected this year how will rising interest rates affect your investment strategy Titus is very are strong and my team at the Armstrong advisory group has written a brand new guide about the challenges of investing any rising interest rate environment it's important to not make snap decisions and to always look at the big picture and this guy is chock full of information that you'll need to help educate you on making the right choices for you and your family. Interest rates can affect all pieces of your overall investment portfolio so don't miss out call right now 803934001. That's 803934001. Or download the guide instantly at Armstrong advisory dot com. Securities offered to securities America incorporated member -- SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities -- companies are unaffiliated time for bank the pays you with -- -- -- accounts can 1% cash back with debit purchases and an extra 10% back when you use your card and featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass residents only -- 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 on line and Z deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and a today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chunks. The Federal Reserve is a very. Powerful financial institution what are they gonna do with interest rates any and continue to hike we'll talk about it. Yet another retailer going bankrupt and closing their stores then finally of brief conversation regarding Smartphones in our public school systems. Hi everybody it's very and Christine Dunn with you here today. It's a Thursday morning and boy we can so so what is dependent on the that loser. Absolutely we look to it as you know an indicator of how our economy's going to be crying or in the next chance to read and 24 months and it looks like looks like they're at their holding they upgraded their assessment of the economy but they're not raising ring. It didn't raise three yesterday I think the indication this. We'll get a rate hike at the next meeting. That's the thing indicated that's rain and then another one in December him. Well that's what some people are saying and and the markets are even looking into 2019 and interesting how opinions are kind of diverging on him that isn't it you know some some people are saying that the Fed. Is going to be targeting three Marie hikes in training team but the markets betting not proved in the markets spending and only one so we'll see what happens there. Now the you know with interest rates are going up. One would think that that would have made dampening effect on the economy because mortgage rates go up. But conversely. When interest rates go up all the sudden you make a little bit more interest on your savings account on your checking account and you CDs in your money market guys nobody ever talks about that. Yeah and that could be a good incentive rate for a lot of consumers to savers exactly. On an encourage more of that which as we've seen in and writing your answer is that we've been covering the last couple days to be a good thing. Your minute Brookstone store Tucker I'm sure you I think what you haven't. I don't isn't that we get them are they the the airplane spectacle yesterday that public Father's Day gifts and data and it may select read the definition of Brookstone out it is. But it's like isn't that what you see in the airplane to was an Brookstone is an airplane magazine and then they opened up this is like thirty years ago and and I think it started opening up stores yeah. And when I think about Brookstone I think about overpriced crap kind of thrown. Yes that's is that I Malia is as evidence. Think about the gadgets yet and I mean I had they feel like all those slate Smart home like. Scales and everything started there and it was the cool dry and incinerating Bluetooth speakers Bluetooth speaker is that's right answered it there as well so I was and like the funky east new business and luckiest pillows. Under some amateur announced they had so it was very well. Right there they're bankrupt there's no they did file for bankruptcy absolutely like many other retailers to their shattering a hundred stores now. We're gonna see in other anti spot in the mall mall design group pretty antsy another victim of Amazon. I mean always online shopping in general is an. I mean lately about so you walk into Brookstone is everything was over priced as they get these ads that that was my impression I'd vote I'd. I don't know that actually and I'm sure went into the storm and the I remember thinking. Gonna pay 3000 dollars per share that vibrates greatly elated at the biggest bank crazy stuff that was for sale you don't wanna 280 dollar foot massage or no no lightning and does it on sale. My wife bought something from there and you know if it it was. It was a thoughtful gift that. It is stuff that you end up throwing a music back side there's something. Only a plant those. The 230 dollar pact aside when you sit in the electric guitar and evidently electric going to putting chairs Delhi and Kabul it's an all the different button ultimately hurt. I these have put the kids and when he misbehaved you know yeah nobody in the news. But you are number retailers in any specialty retailers are the ones that are really getting hit. I saw one report that it was kind of interesting so the malls are starting to try to find non retail ways of using a space now is saying as they look to try to fill those empty slots. And also trying to find ways to bring in some international retailers is miles be interesting to see that the mixes. They have to do something to get people to go to the mall just. It's something. Brookstone. It's it's got to be I I would think for young families may be its athletic activities that may be used start building. And volleyball courts and basketball courts and hockey rinks and swimming pools and Nikki take a mall you take a third of that mall now and you make it recreational center for young famous is that it's like I just can't see. A young family saying oh let's go to the malls and you'll go shopping. In in Londonderry like these days you're gone and we can. You know we don't we don't really Jenin and daughter and I sentence of just go out and had a girl stay kind of thing that I can you at all. Sometimes I'm more often than not and I do find are family and other famous you're trying to go more local with on this Cubans jobs. You sank to see kind of her return to the center moon which is really nice you know on trying to support that you know local business person Hugh. You know just wants to try to make it go of it in their community and see definitely seen more epic community shopping and movement. Poll question today has to do Smart bulbs misses a I'm really shocked by the stats on this. Should Smartphones be banned from schools 77%. Of our audience think they should be banned from schools and your your perspective as the mother of a teenage. And high school my question is yeah yeah yeah I mean it's. You know I think it's become necessary part of you know at the lifestyles today. I think they have to learn to deal with the distractions. And also they use please and actually there for their work what does. Teacher do bill. They DD find a kid it's Alan I don't know what would it continues that Chad snapped that's a big one for teenagers that it. So mr. Graham what does it teacher do. If they find that kids either try to give a math lesson. And the kids are. Partner around on snapped on me it's up to the teacher to enforce the use of the cellphone went in the class are absolutely say put your phones away we're going to be carries himself in Paris and inspiring teacher and that's what I would say but sometimes teachers might say you know if you have to access the Internet for some kind of prime managed and uses Smart and Ernie do that. For his all of the public all the homework assignments I do remember this because I had a kid in high school maybe six years ago. And all the homework assignments you could check on line to see they're doing their homework did you go through all the all the hall although hallmark now is done through you know. Google docs are some very similar rate as a liar and his. As a parent you can check to see absolutely it is now is Mike did get in the old days you could really check you know kind after the report card came out fees you know a. And now as a parent I'm expected to have an app on my phone in order to log in to my students account right so you know you need you need that at an hour to access the portal you separate app for each kid. They had just recently linked. The three kids but he used to be three separate login that I have to bet my my school system recently. Consolidated everything that the single lap every center apps Alec if your child signs up for sport you access to schedule there are now. Then the access all of the messaging Internet. And on the coaches you know talk to you turn happen and they expect on the students. To be able to communicate through the app asthma. The city in our high school the athletic director would do a lot through Twitter. Yeah tootsie. Game time has changed in the field has changed in the tweed. So now it's probably progressed is that again it was a long time fun I even had an elementary school teacher. Recently using nap minority communicate with parents about things are going on in the classroom and everything NC if you wanted to be able to immediately interact necessary Tatis. Said that's the part that makes it difficult to see the kids. Can access your Smartphones right because you're giving out the homework assignment right and they and if they're not using the Smartphone than the agonies tablet which. Arguably is the same thing now because nobody nobody has yet nobody uses a Smartphone is a full. Right right Heatley is our Smartphone I read the paper on today I checked into my banking on it. But it actually talk on that much yeah I use it as a camera. The camera. Anyway what are your thoughts on its 74 point 2% of you think that Smartphones should be banned from schools I'm starting to. Weaver I I've I was initially I was of the ban them but. I can see now as a parent. And as an even as the student why the kids need access red carpet I would just think you'd be really distracting if I was trying to teach kids. Algebra and their four around the files are they all are that would. It's not just offense though I mean I've been in teaching situations where I've gone an entire class at university in high schools and the laptops. Mean their all of they kind of laptops haven't. That to me is justice distracting not just as student in her house as a teacher if you're really know what they're looking where they look at that way they read it they paint ten Netflix had you know I'm standing in the French classroom like waving like he's seen it. Did and our kids paying attention that's the big. That's the big question anyway if you wanna participate as financial exchange showed our context us at 63566. That's taking it in touch with us and give us your feedback on the show. When we come back we're going to be talking about out. That we've got trip before I get a good text message here. Bury the kinks that collection is rebuilding their malt liquor described was bowl in yeah indoor trampoline park. And other activities I think that's kinda the way Olin we we've had them on the show before. We had a rep from the Kingston collection on the show before you talk about that up the matter they just caught the Kingston mall because it was the called the constable announced the current instant collection. Like in Natick collection and right in Natick colonists yeah. Very 6413 right bury my father in law boost his tractor trailer school tour local ball. And then 603 writes the mall in Concord, New Hampshire now has a bounce house for kids in a couple of things for kids to do. It's that's the especially given the climate in India it is several months of the year were. You you kind of walked inside yeah those are those are invaluable especially when you think it can take an and the morning and they can't get an answer. Trivia today is based on The Grateful Dead specifically it's based on Jerry Garcia he would turn 76 years old this week do your research on Jerry Garcia because that is the topic of trivia. When we come back. The financial exchange. His older woman and also now in West Palm Beach, Florida. Check out our website at financial exchange showed dot com and find the station closest to you. This is the financial exchange radio network. Many of you listening today are probably retired or getting close to retirement age so have you taken the time to think about what happens if you or your spouse gets sick and needs nursing home care. What would you do if your spouse didn't have enough money to live on because you were in a nursing home in depleting your acids by thousands of dollars a month how long would your money last if you share these concerns than you need to call Cushing in Dolan they've got a brand new kind of this month told the difference between life estates and irrevocable trusts they can help educate you on how to deal with this problem. Your situation will dictate which product would be best for you. Some give the experts at Cushing in Dolan called then let them help you create an estate claim that will not only protect your assets from the nursing home but will also help protect your family avoid probate and potentially eliminate estate taxes Cushing in Dolan has been helping families like yours for thirty years and they can help you to call 8668485699. That's 8668485699. Or download the guide right now on their website legal exchange showed dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the cold as he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net after five year. Is a no movement at all the Fed has raised the federal funds rate five times in the last sixteen months and two more rate hikes are expected this year how will rising interest rates affect your investment strategy tie this is very are strong and my team at the Armstrong advisory group has written a brand new guide about the challenges of investing any rising interest rate environment it's important to not make snap decisions and to always look at the big picture and this guy is chock full of information that you'll need to help educate you on making the right choices for you and your family. Interest rates can affect all pieces of your overall investment portfolio so don't miss out call right now 803934001. That's 803934001. Or download the guide instantly at 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. 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 that all kinds of trouble trying to get people who can come in and do capable. Qualified work. I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices cult easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. Each seeks 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 781862119. No. We wanna hear from you. Thanks Steward diaries 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. Mean. This segment of the financial exchanges brought to you. By Peter bank's brand new product called C deposit this is another free program which streamlined. The opening of tenant security deposit accounts through a totally digital. Experience landlords can open an account on line invite tenants to enter their information. And manage all of their security deposits. Just called Z deposit team to get started at 8776917900. That's 87769178900. Or visit them online and see deposit dot net. At sea deposits dot net member FDIC leader banking a step ahead. The late musician Jerry Garcia would have turned 76 years old this week will be asking trivia questions. About Garcia and The Grateful Dead. Now trivia is brought to you by Arnold's restaurant in east him. And the will go with. Correct immediately thinking Whitley feeling to Phelan. About tan we never do 1010 open text or number ten with the correct answer this question it's actually kind of hard question. Until I. I looked at your three questions and a pick the toughest one. What was The Grateful Dead or regional name I think that's hard data to question it's good news you don't know. In your music. Yes I just a degree you don't know all type or you're fired. We fired right right finish the show and that's a our text number is 63566. You don't agree don't know at all that's an American now we just Jimmy Buffett last two an idea punted on that. Crazy about Jimmy Buffett Jerry Garcia and degree of that mean. That stuff. It's a it's our ticket is up one our but it's instinct is that it. 63566. Texan now if you haven't tested before you have my first name. Derry at you leave your text message and you give Tucker a ration of crap. Over not liking The Grateful Dead you can text the on the same line and tell him you know and knows nothing about music. It's enough but I Korea I don't know if I don't know anybody. That's like the grateful to be honest person why there at a Canadian. They're not very attached to them it's just like it's a thing you know he's seen it recently and I knew what John there yet. It I just like their meters at last I just I am like they're me I don't go to the concert tonight at I don't fall of the main. And driver on the country phone but I like the music history. Let's go to that you giggle like there could. Casey don't like it do you not like their music to. Ball and how else would I would not liking them on my baby had a personality thing with the might mean more politics or something melanoma. I'd just like the music anyway. Correct answer number ten will be the winner for burial from the you you're really did. Natural loop what was their original name of The Grateful Dead. And you know what happened was they had this original name. And I think somebody else was using it since it changes. And the aces I think there may have been some candidates involved Whitney. It or not their their new name it if that's that's our question and we were waiting to see if somebody. And that's an easy cliff notes on our. Let's talk about. Additional tariffs. On China. Rhetoric continues the rhetoric continues not getting better it's getting worse but it's only August 2 and we have until labored in Austin. Right. And the trump administration nine guests confirmed. That they want to more than double the proposed tariffs on imports. On and then I guess congress yesterday passed a defense bill that's designed to restrict Beijing's economic and military. I'm activity specifically. On their views of Chinese corporate deals and revamping export controls unit taking up those things. So definitely increasing the pressure there. Now I I the unique. I want it to end. But I think I understand strategy I think the strategy is to just punish China so badly. Between now and maybe the middle of August the late August and get them to come to the table because I think the president will give them a deal. But he's way he he has to get something to go back to the electorate and say look what I got in Europe and look what I got from Mexico and look what I got in China. Then he can declare victory and go into the mid term elections that that's just by. Interpretation I could be a have been wrong before politics is something is really hard to to digest. Yeah I was struck I missed and that. I mean we'll see what what's. Trending now but it's earlier today at least there was one report. That's. Quoted the Chinese Foreign Ministry spokesman as saying US pressure and blackmail will have an effect. The United States takes for their ass glittery steps China and evidently take countermeasures and we know resolutely protect legitimate rights. Sees. An inch sees him and coming back it's not dialing down. Now not only in the Chinese don't seem to be. I think we leveraged book then. Think now they may read his book on the been around on times that they have. There's an old adage that. When you check your credit score if you check your credit score too often. It'll decrease your credit score I've definitely heard that a lot of I have to say and and hearing if that's not necessarily the case on why. Still the F I guess so. That's but I. People at a they do you really feel like that's gonna hurt your credit score that you see even now on the credit card let's say it's a new log in PG online banking everything it's right there for you. Your credit scores yes you can check your credit score you know as often as you want rain on hair red and your online account. Probably do it. But borrow maneuver and so it doesn't really matter some people froze their creditor. What was that credit card credit companies that got themselves. Experience. One of them got themselves a lot of trouble by. That experience yet this experience has it. Yeah yeah and and and bought it would just said it frees a record and a lot of senior citizens it is they just didn't wanna deal that they never borrow money. Races that I disclose my credit and there's an out and borrow any Mormon in Florida. RV you're the parent that's coming teenagers you teaching. Is so they play 49. Pay your place here zero. Point. So does it dances at their stances yen gets there he does it dances. Four night is the it's it's a video game deeply deeply thankful there and you play across all of its debt and that's phone PlayStation and Xbox PC. And it's it's is that if you play together they play against each other all over the world collaborate together now yeah my three alignment as well let it affect my friends and our plan and. Wanna win now we stopped because it was getting too hard for us. Alec backed him like the winter months we're playing a lot. With your raising kids evidently you need to have a tutor in order to teach your child how to play for and we'll talk about that how much you should be spending. On your tutor for four and that's our next topic on the financial. 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. Many of you listening today are probably retired or getting close to retirement age so have you taken the time to think about what happens if you or your spouse gets sick and needs nursing home care. What would you do if your spouse didn't have enough money to live on because you were in a nursing home in depleting your acids by thousands of dollars a month how long would your money last if you share these concerns and you need to call Cushing in Dolan they've got a brand new guide this month told the difference between life to states and irrevocable trusts they can help educate you on how to deal with this problem. Your situation will dictate which product would be best for you have give the experts at Cushing in Dolan called then let them help you create a new state claim that will not only protect your assets from the nursing you know. But will also help protect your family avoid probate and potentially eliminated state taxes pushing in Dolan has been helping families like cures for thirty years and they can help you to call 8668485699. That's 8668485699. Or download the guide right now on their website legal exchange showed dot com. After five year. Have no movement at all the Fed has raised the federal funds rate five times in the last sixteen months and two more rate hikes are expected this year how will rising interest rates affect your investment strategy Titus is very are strong and my team at the Armstrong advisory group has written a brand new guide about the challenges of investing any rising interest rate environment it's important to not make snap decisions and to always look at the big picture and this guy is chock full of information that you'll need to help educate you on making the right choices for you and your family. Interest rates can affect all pieces of your overall investment portfolio so don't miss out call right now 803934001. That's 803934001. Or download the guide instantly at 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. 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 they're experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 8621190. 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 781. 8621190. Hi this is chuck and Mike from the financial exchange in. One of talked a little bit about how to invest any rising interest rate environment the Federal Reserve has raised rates twice already this year. The most likely projection. Two more hikes over the remainder of the year and Mike. Let's talk first with bonds when we talk about bonds in conventional US treasuries. How they tend to move as rates go up. Well that they tend to be in adversely correlate the price in abundance inverse to correlated to the interest rates prevailing interest rates that are out there in this generally makes cents you know if if interest rates go up and suddenly you can go by the same bond that's paying higher rate of interest that the price of your bond is going to be less valuable this gets inflated the longer term than bondage so if you have a ten year bond. That price impact is going to be a lot more significant than a five year. So effectively that the part of your portfolio that you typically think to be safe money and most stable. You might have to make some adjustments in order to make sure that you're not losing principled during this time if you have the intention of selling as rates are going up. That's absolutely correct and if you haven't made those adjustments already this year you've likely seen in impact to your bond portfolio. Specifically when retirement that you wanna take a look at what's called the duration of your bonds. And make sure that's you know it's just at least in line with the overall marketplace and you understand the impacts of rising interest rates on them. Folks the Armstrong advisory group has put together a brand new guide titled how to invest any rising rate environment. It is free for you to get and only have to do is call 80393. 4001. Or go to Armstrong advisory dot com again the title is how to invest any rising rate environment and call 80393. 4001. Or Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Marion Jones no finances and you care about your finances it's good for you know Barrington shot. Leave me here for the financial exchange on the financial exchange revealing them work. Just Grateful Dead original name was the war marks Jerry Garcia stumbled across the phrase Grateful Dead. While thumbing through a full. Lord dictionary which inspired the name change. Spencer from Concord, New Hampshire is the winner of today's trivia contest. And our trivia contest is brought to you by Arnold's lobster and clam bar located on US route six in east ham Massachusetts currently shifts Susie. As one that Cape Cod stuffed lamb contest for the third year row. Get down Arnold's and check out their great food for yourself call fives early. 2552575. Or visit them. Online at Arnold's restaurant dot com for more information and thank you to all the techsters who supported me in my cause of heeding the grateful that. Really Oreo upon his support and I saw one. I sought seven at least. Tucker which you would never elect a Grateful Dead soul born out of the 41. Bad taste. It's no good news. Let's talk about parenting today it's a big challenge I I am so glad. That I am not raising children today you've got legal marijuana. Use. God you like it do we as a yeah but there what are you don't. I guess your point I. I just think it's going to be really hard and now you have to hire tutors to teach your kids to play video games you know you don't you know that's a they had ticket. Now we usually can be bad video games that that just doesn't happen. Pay 35 dollars an hour and a now now not even you would be he's now hello I'm not with. It is a good. It is the thing that's I just via the on so fort night is that to what was grace what was the videogame of choice when your case. Coach he's. Our yeah Carla Mario Kart to become racing stuff like that those are pretty popular but none of that was on the line you know. This is all on line completed people across the world supposedly needs tutor. I mean you needed to you know he tutored by the idea. Yeah I think they wouldn't make this businesses letters telling me parents are paying as much as 35 dollars an hour. The white kid and what about what they see that Gloria I totally agree if you by the way I'm not saying to go get a video game tutor but parents are doing it because. They're seeing all these video game. You sports superstars making millions of dollars can get a tactic mainstream yesterday I mean how they even. Kristi teens and sports it's an Olympic sport in 20/20 four Robert Kraft and Jonathan Kraft. Put it very hefty investment in any sports franchise the Boston or were actually. Heavy investment rate and it just recently hats and turn down in the finals and now Brooklyn over the weekend which drew in probably like 20000 people to the arena to watch video games. And that what's the TV channel liked onions which they caddie. Thank you go to Amazon to watch to a buyer I'm sure there's a link there but we gave it twitch that we're stuck on your kids did it only only in my older son knows about it not and he starts to which dot TV. That was gutsy and you can watch this on clearance you watch people play video games. But the big thing I mean you know once eastern developing you know your own YouTube videos like kids about YouTube videos techno strategies in the years. Ford you know different video games and mean. Gathered at coach I don't now I mean leaving college scholarships. Paying country. I I I on the map Teter Quebec. I'd rather message Nike you know computer science sir you know. The AC one of the many reasons I'm glad I'm not the parent. Tucker and god bless you. Aria that that are coming. Out this fall we're up first this from a mother. Molson Coors is getting into the candidates business. Yeah there they're trying to Tappan that this trend of healthier and more natural. Drinks I guess beer briefings on the way down that nobody drinks appeared. About lift his spirits wine is it went in for our wine now and and gets the different demographics are sane. You know beer beer drinkers are on the decline the weekly. This is from the beer institute so with the EL if somebody is gonna sugar coat it it would be these guys right. According to the beer institute and this is a trade group but it's daughter's disappearance of two to keep on. The drinkers chose beer just 49 point 7% of the time last year. That is down. From sixty point 8% in the mid 1990s this is among twenty east won just 27 year old's the decline of that's that's overall. So 49 point seven vs sixty point eight back in the mid ninety's. Among 21 this 27 year old decline has been even sharper. Budweiser found that just 43%. Of alcohol consumed by millennium goals. In Tuesday was was 43% vs 65 percents. Sam wondered where they're getting these stats from a vis just like the Budweiser is in cores of the world or is this including Kraft the year two they're saying it includes it ever really kind interest and and craft beer is is doing better. But I think yes they're part of it isn't because. Like how much is it a craft beer five bucks. I keep an I'm not talking about this car yeah yeah I saw somebody paid twelve bucks for beer bar. Is that what the heck is in that beer yeah. Some of the beer prices are outrageous if you go to Boston but if you're talking about craft beer. Six are you probably going to be paying between fifteen and team aux. For six pack raid but they're taller boys they used to be east. But sure. And he Tampa let's just price sensitivity and mean it is it people's tastes aren't literally changing them and so you know your kids here makes you fat. Yes and now can't confirm. B Kenneth the hit a confirmed. Play I mean. You seen all these cropper ariz being opened up across the board and a mortar business saturation point. When it comes to active for preparers absolutely yeah a lot of things I was talking we are at a carper the other day at my friends and now is look around like this is the third or fourth. Cry operator opened on the South Shore alone in the past two years. Age do you see this in five years I don't know I think and I love craft beer a lot of the bull like that there's a lot of migrating. But I thought it was interesting how they're gonna be have more marijuana infused drinks out this hemophilia into that great. Trying to get ahead or regulation and they hope that our yeah they have the opium looks at market of widespread let's not enough just to be of the smoke. NATO to try to give hundred. Well I love this one comment and one that industry analysts is yet. Transition towards a holistic responsible intoxication model will be and it. But we do we have any into the stores open it. In. And not yet there's there's medical ones there have been there a direct knowledge of racial like first rate that's wheels voted yes and they do you all vote they just keep. Pushing it off for some reason it's ridiculous and. He's seen some towns in some towns are strange how attendance as well yeah and not talent it really Garcia I don't know why it wouldn't. To me honest. Charlton won't even let him grow. This Charlton. They guy wanted to turn an orchard in two canvas farm they turn they voted down you know what we hate money so we're gonna turn this down them please. After years of no movement at all the Federal Reserve has raised the federal funds rate five times in the last sixteen months and two more rate hikes are expected in 2018. How will rising interest rates affect your investment strategy. Call me now and I'll help you find out you know and some very are strong and my team at the Armstrong advisory group. Has written a brand new guide about the challenges of investing in a rising interest rate environment. It's important to not make snap decisions and always look. At the big picture and this guy is chock full of information that you'll need to help educate. You on making the right choices for you in your family. Interest rates can affect all pieces of your overall investment portfolio so don't miss out call right now 800. 3934. Zeros or one that's 803934001. The Armstrong advisory group has been helping families throughout New England manage their finances for many years. Let them help you as well call 803934. Zeros or one or download the guide instantly at Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. So there's a pretty good chance when you look at your town budget you're gonna see schools buying what's called. Active shooter insurance policies and these are not cheap. They are not cheap and it's. Yeah I mean a lot of these policies are not you know to help avoid the litigation and that schools feel as inevitable should unfortunately an event occur. Provided death benefit rate of death benefits offsetting costs are counseling and crisis management security. I mean honestly the fact that we as a country just need this analysis heartbreaking. Well the odds of a student in K through twelve public schools getting killed or injured in the multi victim shooting. About one in four point eight million. Compared with one in 700000. Of getting struck by lightning. And still though you know people are increasingly getting content I mean you're seeing drills. Happening trails regularly now what do they do they go and you know basically they they learn about when a lockdown ends yet they learn about where they need to hide in their classrooms. That we did I think we did in high school nose back in 2000. Six tennis after home run ball we had a threat on our schools specifically. We are on the news and everything Marshall. Really Korea was a hole final get into it but we yet to do lockdown drills after that. Com Syria my wife and her daycare and after go through through lockdown girls two with three year old for daycare. Girls three to blatant. Our receive from babies to want NATO to put. Remain in the series to seven are old some like that but he acted that young if they go through lockdown droll yet it's more for the teachers to you know. Elementary school. Can understand China that you know they did as part of the and the ankles you know they get tired drills into lockdown drills and sonic it's know how to do it now via. What food do you think is most likely to make you sick. Never thought about that I have. To polish crew the have and we're talking about not relevant advertising to specific group and the. Anyway if you know the answer to that Texas at 63566. What food is most likely to make it six will be talking about it when we return to the financial exchange. It's Marian Cilic in the financial exchange on the financial exchange radio network after five years of no movement at all the Fed has raised the federal funds rate five times in the last sixteen months and two more rate hikes are expected this year how will rising interest rates affect your investment strategy Titus is very are strong and my team at the Armstrong advisory group has written a brand new guide about the challenges of investing any rising interest rate environment it's important to not make snap decisions and to always look at the big picture and this guy is chock full of information that you'll need to help educate you on making the right choices for you and your family. Interest rates can affect all pieces of your overall investment portfolio so don't miss out call right now 803934001. That's 803934001. Or download the guide instantly at Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America 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 had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Cold easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 1190s that 781. 8621190. 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 781. 862119. No. Many of you listening today are probably retired or getting close to retirement age so have you taken the time to think about what happens if you or your spouse gets sick and needs nursing home care. What would you do if you're just didn't have enough money to live on because you were in a nursing home in depleting your acids by thousands of dollars a month how long would your money last if you share these concerns and you need to call Cushing in Dolan they've got a brand new kind of this month told the difference between life estates and irrevocable trusts they can help educate you on how to deal with this problem. Your situation will dictate which product would be best for you. So give the experts at Cushing in Dolan called then let them help you create a new state claimed that will not only protect your assets from the nursing home but will also help protect your family avoid probate and potentially eliminate estate taxes fishing in Dolan has been helping families like yours for thirty years and they can help you to call 8668485699. That's 8668485699. Or download the guide right now on their website legal exchange showed dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about this he rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to tennis this call the Z deposit teen to get started at 7816418691. That's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank a step ahead. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong represented if Armstrong advisory group in the securities America companies are unaffiliated. What's hot and what's trending. The world of finance and go from Barry Armstrong and chuck sought out on the financial exchange radio network. Get breaking news. Apple hitting a trillion dollars in market cap music they must be celebrating or there that's Fisher I'm celebrating my own. Hey this segment of the financial exchanges brought to you in part by easy plumbing the experts to help use all your plumbing and heating needs call easy plumbing at 781862119. B. Or visit them online at easy plumbing math. Dot com mass Lester licensed ones are one. Couple text messages are hurting your fact. To your point. Ipswich has two to three craft breweries and there's a new and opening up in X in Essex. In an 860 writes the big new thing is hard seltzer war. Dell. And it seemed that everywhere. There's a bunch of Kansan everything available if you go to your local restore worry about. May get that from highway I think this one called what truly yourself like is it that vodka or gin. It's an adds I don't think it's blocked at a I don't know on the -- her mom there's two. Sugary for me I guess by I mean sugary taste in my amateur much they had. My friend and for a one says. He's accusing me of bad taste there admit my comments Cuba to Grateful Dead he's he's defending. If that isn't out there playing this from a guy who likes the super troopers. That's definitely. I'm sure they're gonna win an Academy Award I hate to think that it. Do you think that the quiet please move Leo yes I've that you know being nominated. You see that no I didn't do that now route and me. Chart presents you local guy there and a all right so let's talk about in number of people guests on what food is most likely to make you sick I'll re it was that we had tomatoes. We ate hamburger let us. And I guess the Edison and on the but the correct answer but in terms of being most likely be chicken now. Realistic economic fairy. Could get through and wash it before you could not medium rare now and wash and wash your hands no not. And where is it's for came in second network is number two seeded vegetables. Eggs fruit. Leafy and stem vegetables beef Turkey dairy. Malts yes I fish would have been towards the top. You know. Yup gagged I did to pay as you cook it up you don't know that it's gone bad that he should be this. Term some people's you wouldn't be surprised if a candidate in the packaging. Trying to do the chicken yet them. He has the they make it here than they shipped to China to be cooked in the neighboring back with the go wrong. You know that's an audio frozen chicken DG you know now I didn't answer as far as training nine down. Local check me. I would just put yourself in the character that they did last night tastes better. Start about stressful jobs. Looks like serviced us particularly reach missing your workers a waitress and I worked as a waiter and I'd wake up in the middle of the night thinking I forgot to bring in order. The senate has its facility it is just it was a really stressful job because. Been waiter waitress at its part he added it's it's not many people they know he's and a cluster Nazi now a lot of people just Tina country you know now as a consequence they over to. Disease they keep you wherever worked as a waiter waitress. It was an tips and you know within a new page. And unpredictability. Has got to be enormously stressful particularly if you're trying to make Tanzania were in you know for your family yup that's that a year. Let's also former rejection. You do a great job either to think he'd of waiting on a table. And then they stiff you on the tea Man Ray you feel rejected. Personal. I am very sensitive. Yes. Yes notre Americans. To Eric. Said it's spelled CU RME arts guys that's a fact that aren't tumor. I really get where I knew about this before AMOCO. It forget some do share it's a big ingredient or seasoning that can help with anti inflammatory. I had problems with that too like with my muscles and everything like that Salzburg on once in awhile and helps bring down. Anti inflammatory. The source of most news. For a fight cancer diabetes and an all time it's very popular in South Asian cooking and courier and it's yeah and it's really promoted for its health benefits absolutely. And T yeah innocent he's yeah yeah. Sprinkled it on there and you can buy this right it's up shop order or Shaw's so I should be buying this that'll lift our order. I would doesn't hurt spray is a little bit strong so don't to a lot but on the doesn't hurt to put it and what he put it on like if your barbecue. And sparkles on chicken and you'd look at actually credential and its jets action doesn't resent that. Hello acumen on their two nights Sikorsky air corps aircraft in Jupiter fla laying off 500 workers at a news. Gas now I definitely not I mean and definitely a sign of you know potentially things to come Sikorski was acquired by this by Lockheed Martin and Tony fifteen home. Yeah. They the in terms of the whole question should Smartphones be banned from school 72 point 7% of you think they should be 27 for 2% saying no. They should not be banned I was going to be ninety tend to be honest bill. With our hand yet to pin down assistant general assistance kids' age fifteen Angela visas are just throws open in general now got you. It eight for bush and most guys. I did too but didn't winning you listen to the practicality yup you almost have to have them. Busy if the kids ought to be distracted if they're not on the Smartphone to be on the tablet than not on the tablet to be on their laptop so. There's always a place for the kids to high. In them and not pay attention. The Dow is down 104. Points the S&P is up one of the nasdaq's up thirty us take a look at what before we head out. Oil's up a dollar eight per barrel at 6874. Thanks for coming Christine thanks so much happening today that other voice was Christine Dunn. We need to.