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Full Show 8-9-18

Aug 9, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your 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. Did even on mosque go too far when he tweeted about taking the company. Friday talking about Tesla course earlier this week we'll talk about it. We'll also talk about what happens when technology companies try to banned certain media. People. From from being online and then finally we're gonna talk about growth tree. Store pick up services hi everybody it's Berrian might put you here it is a Thursday morning. And Mike I'll just read from the Wall Street Journal United States regulators are asking Tesla. Whether chief executive Elon Musk was truthful when he tweeted that he had secured. Funding for what would be the largest ever corporate buyout this according to people familiar with the matter. Yeah. As re all anticipated. It's a very big question and like we said usually. There who we didn't interview yesterday were some reform Bloomberg but usually. When you have one of these Nauman announcements quickly followed if not proceeded. By and the fact that Osama comes and says yeah we have talked about financing this sort of deal and you know the term financing secured. Doesn't really leave much wiggle room it's not I'm pretty sharp and secure financing very confident about financing its I have already secured finance. You know it's than usual as Fidelity Investments right here in Boston as one of the big investors in test a huge investor you need to know. Now the if you really had your financing secured. We do you go back to your initial investors your biggest shareholders the shareholders not Elon Musk owns 20% share of the company he's very well the he made a lot of money on PayPal. But I don't think he has iconic. Kind. Oh god you're one of the one guy that could bail amount I just thought about this in Bougainville about her. Warren buff. Warren Buffett's on 120 billion cash right Warren Buffett is the one guy he could come to the table say I. I told you on that day that I would I would finance operation but it's not camping or Warren would typically by. Now it's nine aid does not match up with him it doesn't match up with his management style he doesn't like these types of executives at least historically hasn't invested in companies with these types of exacts I've. I don't know Aspen banks or haven't field. And a B investment bank city talked to the guys that city year Goldman. They're following all over themselves trying to arrange the finance chair now create it could be a bear a good deal for and the I banks. And again the question comes down to. If they can't prove that they have at least. Had verbal commitments your financing from somebody then mosque and this did the entire board they are signed off on the statement. Could be in some very deep trouble with the SEC. Tesla shares down nine dollars and 49 cents as we speak trading 360 I think they got up to three EB. On the day of that now with those two days ago 48 hours ago. That Tesla to. 380 dollars. In the purchase price supposedly was 420 dollars so right now you're looking at east sixty dollars spread. So the market the stock market is saying you must we don't believe your follow that. Right isn't that that that the markets don't I'm I'm interpreting the market activity today as he. They're they're calling his blah. Yeah that's that's the thing back it's Tucker yesterday when we had that. Poll regarding the media member we leave. We referenced. That you know 43%. Of Republicans with the active the president have the ability to shut down the media. Our poll though was a lot less than it would it would yeah we were right in what eighteen to 20% of them yes some some more narrow range is overwhelmingly no yeah. A lot of negative emails by the way after the show saying I ratcheted. People that wanted. Trump to be silenced beat the president. Not just brought the president what he's going to be president fervor. Yes yes some people. My point is the it and the reason I'm getting this is. Info worse is Alex Jones rate that suits him his web site and his application. Well he was shut down by what FaceBook and to a shot of apple and I'll the honest podcast Seattle limited to. Greed they removed some content that in and of everything but they went through instead this one is hate speech were not tolerate that yes one is just. I don't actually know which specific items they'd be took issue with it the entire things were reviews of specific episode in specific content was removed from their sides. YouTube did the same thing so they. They take them down. But you can still download. His web site and his out on the ice which has and it has everything. See the numbers on that I mean the skyrocket. And it's the the reason I bring this up I think is a follow up to yesterday's story that you try to stifle that I'll stilled by most I think. Is considered to be heinous individual unpatriotic bubbled up. But the fact of the matter is he has a following yet and he is following as a result of trying to stifle him. His following is increasing there and I mean this this. You typically happens if you try and ban something it it's going to just draw attention to it so we're here you had a case where Alex Jones and is a conspiracy theorist. Application had been downloaded just. No averaging a few hundred or maybe a few thousand times today help. At this point it's garnering thirty to 40000 downloads today as people -- wanna see you know what is all the stuff that FaceBook and Google and apple are taking issue with. I mean yeah there's there's some pretty heinous stuff in there are saying that. Mass shootings at schools their own government conspiracies that is all orchestrated some pretty pretty stuff and I'm guessing those things that. Those big social media companies took issue with interest in and he unity to it because it cuts both ways that's the only. In all the sudden they say well you know were not canoe allow Hannity be on here anymore we're not gonna allow remove Limbaugh to be on here that's because it cuts both ways you know the and that's that's the windows tried me yesterday and again evidently quite unsuccessfully based on hate. Let's let's keep in mind too that you know there's a far cry difference between a company like apple FaceBook deciding to ban some content to their site verses in elected official doing this. Playing catch up with Wal-Mart Amazon offers digital broke free pick up at whole foods so. You know Wal-Mart is spending a fortune. On. Having separate parking area for for growth free pick up and I I don't find that service appeals to me at all. But I talked to senior citizens including my own father who like the service. Well I'm I'm kind of surprised. That Amazon's getting into this given their their ability to deliver it like why would you go pick it up when they're willing to deliver for. I mean I don't lie to I mean in less the cost there is just there's some true savings that they're gonna delivered you you know if if there it was. Hey. You will deliver to your house for ten bucks you can pick it up for for. Let's say OK I'll place my order I'm driving by a whole foods anyway I'm off to a meeting some new pick it up on the way home and and that'll work formula six and box. If it's the same cost delivery verse picked up what impact the point right now I'd get delivered for free in two hours or a good drive to the store. As I see no benefit here in wal mart's case they don't offer delivery. So in a visit through instant yet they have experienced occurrence of side spent the that's gonna cost you at 1520 bucks for delivery. So this is their main solution enabled will let you pick it up the charger for it's when your family use this is this something we use. Is it Tucker would you use it say here you protect your father. And you've got to I didn't poll would you order your groceries. In and pick the mop. On the way home lately and have them all bagged and ready for have to go into the store that's a consideration it is. I was so if you're in a buying tuna went on. I I went on its part yesterday because I need to do shopping BJ's then I figured out trying to deliverance that it's a mess outside Ireland deal with it. I should of ended up doing but I decided once I got evidence my cart and I looked at all the fees. There are charged me fifteen dollar delivery fee plus an eight dollar service. And set. 23 dollar box I mean then the wal marts at BJ's ten minutes away and go staff and how to work well poorly because a thunderstorm had been a 109 in that traffic for about an. But under normal circumstances. I'd be perfectly fine making that drive an important point something on dollar charge. But if that's what is that on and it was 23 dollars and how much an order under a hundred bucks. That's 20% of this big that's a victory in its bag. You know if I were ordering 400 dollars for the staff and pay twenty bucks for it will be delivered to my front door and OK it's a little bit more acceptable. 20% service. I can't get on board with our poll question today. Ease would you use a growth for pick up service not deliver service to pick up service right resume ordered online and you drive to the store. Right order on your phone it's ready in thirty minutes yeah. Tucker so. You get out of worries could be just before you leave in the office or are you going your phone. Order in the and you drive your local grower for story and it's ready for the Simone picture for our brilliant drew you were gifted on the story and bring it out to eat that I consider a popular truck. And and you do not have to go through the checkout process. Rate would die by the time I went through the self checkout service. Stop & Shop last weekend. Not pleasantly by Peru's. No not at all if the looked up all the really elected zucchini and I'm Otto of the world and all that and say I was in says recycling through everything that any. Two with is that an appeal seats not to me it might my attitude is if I have time to go to Denver for store and walk around and and violent but otherwise I'm just gonna have delivered right. Right but if you wanna save some money and delivery which cost an extra what seven bucks haven't delivered pens British Open it up. All right anyway that's the poll question. You go to our website financial exchange showed dot com to participate in the pool or you can Texas tech's number is 6356663566. Don't forget but my first name at the beginning of your text message. That would be buried EAR why would you use our free pick up service 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 can 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 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. 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 calming at 781. 862. 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Mass master license number 10. 183 again the number is 781. 862119. 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 in order facing with security deposits which is. You know one it's time consuming to open the small enough security pop number sons now. And yet to go into the bridge yes signed paperwork and their small dollars and indeed turn. And it's likely to complaints in Massachusetts really tough for landlords and security deposit accounts. You have to give them ten in certain forms when they open up the count and you have to pay interest and you. And we should do all this canal through Z deposit all of that you can do Thursday deposit it literally takes about forty seconds opened up an account. We handled the automatic forms that are generated in the count number department condition statement all that said lieutenant. And the interest descent to the tenant. Automatically every year. This sounds like something it's going to be very valuable to large landlords it might have 200 tenants and small landlords that might only have five tenths yeah absolutely with a large landlords. It's just a lot of hassle to managed so we make dad very efficient for the small landlords a lot of them are afraid of nineteen complaints done correctly that some of them. Some of them don't even like taking security deposits were hopeful that this hope and do that. Folks if he'd like to learn more about C deposit go to their website Z deposit dot net. Or you can call and speak to somebody on disease deposit team it's 7816418691. Or online at Z deposit dot net it helps. Landlords manage their Tenet deposits to great concept you might wanna learn more about 7816418691. Security suffered through securities America income 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 dot com and search for the station closest to you this is the financial exchange radio network. This segment financial exchanges Roger in part. I easy plumbing there's no issue too tall these guys handle freedom watch sink drain a shower easy plumbing as fast reliable and thorough and they'll fix your problem not replace it. Which will save you lots in the long run. Call easy plumbing at 7818621190. They'll fix it fast they'll fix it right easy makes it easy call 71. 862119. Year or is it easy plumbing and made dot com for more information mass master license number 1018. Theory. 28% Tucker of our audience would using growth free pick up service according to a poll so far still quite early. We you know we're we're can see it being hand it is. Your pick in the kids up from school. In Uga. Three kids and you don't wanna treat nude growth restore with those kids here at soccer dad kids it's expertly and our it. I don't anniversary get out of the car. Right here obviously. It and then you know. So that would be an instance where Tutsis and using it. 603 writes I would not my wife does use it in she picks it up when she gets out of work 978 writes on our text line. You want someone picking your meat and produce. Not ideal but I tell you we did use the whole foods delivery service earlier this week in the office. Overall be the results and the from what I. From what I've Derrick picked some producer is pretty good the music it was nothing got sent back. And people were happy there but that's delivery it's also a whole foods. They are paying a premium for is generally speaking and I darted for bird restores. I don't frequently go to whole foods room but when I do you find that produces a step above. And most other places that she really couldn't. I find Shaw's to have really good Prodi's yeah I go to dropped Shaw's and numb I'm quite happy that yes they've got a job. I don't have an issue. Anyway I just that he you participate in our poll by going to our web site financial exchange showed a conflict chime in 63566. User text number. Tribune media terminates deal to be bought by Sinclair broadcasting. Yes and today was the furthest has been kind of hypothesized about for a little while there's a lot of issues with this deal specifically the FCC was coming and saying. Yeah these companies are really dealing in good faith fans that there have to strip about a bunch steak salad bunch of stations. And or get the deal approved and are should I who. Jersey FCC has taken some issues with it. President choppers pretty excited about yet items of oil and proud present trump liked it but he has no control over who merges with room. The if you look higher pie. Good news I don't think he's going to miss I don't think you would have over this is going to be a three point nine billion dollar deal it's been called off today was the first day that they created. Guys Sinclair airs do you attribute to call off this deal on this there's the first day without facing any man and he like penalties. Ed doesn't sound like it's that big of a surprise it would have made it huge conservative. Local media broadcasts. Right I mean I think there's. Combine some 200 different low. Cool TV stations you know the news were not that familiar with them appear in the northeast because they're big in the northeast as being out there. American Medical Association opposes the merger of CBS and at and why. With the a and me be weighing in on the merger between drug store. And an insurance company the thought process here is if you have the main drug supplier. And one of the largest insurers in the country that they're going to be able to really control price. They're gonna deal with ago to. Medicare and Medicaid. Andrea the you know have a whole lot of negotiation. They don't have today CVS manages. Pharmacy benefits for you baby organizations big nursing homes beat assisted living facilities. And this would give him a lot more power to really control prices and I've I've got to wonder. I've got to take more cynical perspective on it. Do you think it has anything to do with CDS getting into the clinic business. You know purely cynical guy you know there is that it isn't it. Is that what did the they're kinda getting into the medical. If they're they're saying hey you know have to go to your doctors in conducts. You have but they're also hiring those doctors. Oh yeah kind of wage thing. I and I'm right eye whenever I see headlines this kind of say to myself a step back and say what is their real motivation behind because they're making it sound like. Well we're all truly stick it where we are representing prices and where we are here for the patients well you know some my baby. Name it maybe you're self missiles are technically they represent the positions not. They they represent the doctors. In a way. Is CBS really going after and hurting doctors. And so I mean maybe there maybe there. You know taking some stuff away from them but they're hiring. Doctors that are part of the AMA is well I'll hiring PA's. They've got to be one of the largest employers PA's and doctors. At this point that's the future agers died while they're rolling it's it's not fully implement or near them. Elect will seek. Talk to. The other day we mentioned about General Motors and what they're doing. To shake up the health insurance business I'll tell you what. I I I really have always like Mary Barr as the CEO of GM. And this is yet another step another item that I like about what she's doing. If she's now the insurance company which I think is just early that's that that's gonna say for a but it's it's a 20% on health insurance rate across the top I mean. You would think so right now these insurance companies are running about 3% margin so hypothetically should cut a fair bit off the top the other thing it does they'll lose by her going directly it would GM has done Fox's they've gone directly to a group of hospitals. And says hey. When you get sick you go to these hospitals you don't go to those hospitals you go to these hospitals and you go to these doctors you don't go to those doctors write the they're dictating who you go to fear care now they're going to be employees that don't like that. But at the same time haircut now huge swaths of expense that's been asked that that will save employees a lot of money is well yet and you can do this because you have a huge system will be a 24000 employees that you're directing here. Yet Tony employees CA he can't take on that risk. It got twenty employees and one of them gets really really sick and you might bankrupt your company thing about Wal-Mart is big of Omar's too. I mean you know I think about the the Berkshire Hathaway Amazon JPMorgan. Things going on here in this this healthcare conglomerate that start that they're starting to form. I mean if you could get all these guys together. Could really bad news insurance companies Dow's up eleven points we'll give you full market update when we return it's the financial exchanges very might. Text us our number is 63566. Lakers on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10183. Again the number is 781. 862119. No. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's -- line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank required does he ran technology Tillman McCall does he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net 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 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 and 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 claim 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. 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 there information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to -- -- called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. Whether you're celebrating a milestone or diversifying your portfolio. Precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold -- could just make sense of -- banker called and learn more call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value -- back a step ahead this is a special announcement for all landlords chasing -- -- rent payments and making trips to the bank to deposit checks take a hassle out of Iran today with zero and leader banks all -- rent collection tool he -- automatically -- tenant's rent and deposited into your account visit WWW -- he -- dot -- to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months -- free -- -- landlords visit WWW -- see rent dot -- to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today thanks to Barry and jug right here on the financial exchange radio network. All right it's time for stock watch. Watts MarketWatch Wall Street bolster the Wall Street don't have vowed two years now so namely you know. Keep it to speak here. Two stocks in the news markets up modestly roku and he'll. So roku reported a report their earnings at a break even quarter which doesn't sound breakers most analysts were expecting him to lose fifteen cents a share. Base. Stock right now is up over 21%. Almost ten box. Yelp. Also good news sapped quarterly profit twelve cents a share which slightly beat estimates but and the revenue beat forecasts. And the number of paying advertisers. Also substantially beat map and so reverend convert current revenue guidance is a bit short investments but nonetheless very strong quarter Yelp is up close to 26% on the news while. That's huge. Good news for congestion in New York City good news for taxi drivers in New York City as well. New York City just voted to cap looper and lift vehicles. And that's gonna make rides more can expensive because I think they're also doing something about the wages I think. Yet they're imposing a minimum a minimum wage for drivers and I don't know how you enforce that spread presumably just tell Hoover left and all these guys hey you can't pay these guys and minimum wage of acts. And if you don't that we reserve the right Ted. Take away your license or something like that. I don't think they'll actually be closely monitoring it but probably just thought maybe not initially but you know what happens is if your driver in you don't make that wage you'll report it two years later unit reported. And then you're gonna have the regulators. All in all up in there and you know. Never should have learned a lesson it from its previous experience correct so right service is currently account for 80000 vehicles in New York City change. Seventeen million rides a month and so I think what they're doing is they're just say we're not gonna allow anymore. Traffic is awful in New York City it's awful it's always been awful no need if you. The major cities measure the average speed yet of vehicles in the city Boston. In New York City Miami does it. And it has slowed down dramatically. In all those cities and trailer that they attributed to the tip number you know because what happens is. It's so inexpensive. People are using it as opposed to public transportation. And and the consequence to that is. It it's just get the congestion is just really quite remarkable. I didn't go to New York or lived in New York many years ago but it's gotten a lot worse and that I I thought I sent it seems like it's gotten worse. It has worked their studies you look mop and and see just what's happened to the average speed of traffic in major cities so revenue is this a good solution. I don't know I don't think it makes it any better. It's gonna raise costs to consumer consumer costs are gonna go up anyway. If it makes more appeal to public transit then I guess it might slowed down the the number drivers yeah I wish the cities would. Pay more attention to doctrine because that's really cute hey that's. That's how you solve these congestion problems traffic problem that is gonna return system and and we don't. This is Mike Armstrong you've heard us talk many times about you rent an online rent collection product for landlords it's a great service for mailers allowing them collect tenant's rent payments electronically. At www. As you rent dot net without the need to collect checks. Most landlords that I know he's local neighborhood banks do their business and now a collection of local banks are offering this unique program. Including leader bank and stone bank members FDIC. If you're aware learned and our interest in having your bank acquire this human technology. Tell McCall zero team at 781641. 8691 again at 716418691. Or visit zero dot net. Stop chasing down late payments or run the bank to make your deposits get your bank to add he ran to its list of offerings. Visit WWW does he ran dead dot net or call 781. 6418691. For more information again that 7816418691. Or is you rent dot net. Talking your play drafting this year. Yeah most likely yeah. I just her job there. Coded good friend of mine and I raise a data analyst and they just my cousin has done their job there expanded. Soul. The I see it it's good if you live in minister's position attacks. It is six they had to go on vacations in a tent figured a guest at their relatives. Man Massachusetts obviously wanted to part of it but pages pretty much to waive it to really get 25% on gambling masters. Overly accords like gamblers. If it's not if it's it's not considered gambling according to Massachusetts area right so. The the drafting is avoided the is too deeply tonight in the exhibition game. Mom I look that. I think 200 dollars. SS. You need to use me to or you lose that I I tried to lose it in the you know I likely football so yeah. Sass state lawmakers basically couldn't figure out how it taxes things that just says Aaron permanently prevent and which appear taxes so. Probably no no tax on this and so I would think the new year. There is pre season. Her pre season waters committee eight dollar buy in and now. So digital. Have you played ZE yet when these nine guys on the roster. I mean you pretty much yet while they literally have. Almost everybody here now in their database and area for pre season football's. That's going to be tough to win the opener but you never know. We'll Brady plates and IE would doubt that the players that what we did what dangerous if anything places cedars. It what are we doing with Adam Johnson Todd and David Souter there. He he's coming on next. The the the other thing I can use now 30% or audience we use a digital tree pickup service. Yes so. I mean it's still early pretty much put yeah Adams at a benefit that is going to be talking about. Let's see your good news on the trade good or bad news on the trade as well as the trump affect. Plus more in the stocks reaching all time highs is a company in South Carolina just furloughed all their employees do trade war yeah. Leo Burnett is more that I I don't know what if Adam is talking about pattern that Adam Johnson from the bull's eye brief will join us next financial exchange. Join our brand new tax club by texting the word ferry it's a 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 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 were in a nursing home and 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 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 claimed it will not only protect your assets from the nursing home but will also help protect your family avoid probate and potentially eliminate estate taxes pushing in Dolan has been helping families like yours for thirty years and they can help you to call 8668485699. 8668485699. Or download the guide right now on their website legal exchange showed dot com. 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 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 my house away. I give it to the kids. Does that five year clock start ticking if I've 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 year Medicaid out absolutely it 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 the life Tenet but you know. But I I want to stay on the five year waiting period just for a minute because so many people think that it doesn't apply either to the life as they arrangement like you mentioned very. And also too when they make 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 you will have a five year waiting period. For Medicaid eligibility so it does apply to almost all transfer some including. A life estate arrangement. So yes it does apply. Sorry folks Cushing and alone is making a brand new guide available and it's very helpful for those of you were thinking about giving your house who use like the state compares the advantages and disadvantages. From like the state to a herbal will trust the phone number to receive the guy 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 can you do want to Berrian chug discuss the issues of the day and see which one smiles the most. Days of financial exchange radio network. And Johnson joins us now from from new York and our weekly stock picking segments he's founder and author of bullseye brief actionable ideas for thoughtful investors. Adam you know we're market has continued to at least stay afloat at this point after the summer how far away are we from the those all time highs repackaging you're. Oh we are knocking on the door and if you know what the things I like to quote the greatest story never cold because you know if you only read the newspapers you would think. So really not going great we've got trade problems. On the market struggling. You know they've been very blow up FaceBook. Netflix on and on and yet here we are within half a percent. Of the all time high on the S&P 500 incredibly small cap. And that aspect. They already blew through the January I have been making their own yeah so there have been your greatest story never told I don't know why we don't vote on the negative there should be. From my American's equity investors for a you know. It makes for much better news talk about the terrible stuff let's talk a bit about Smart apps and AA. Your ass to Iraq and it seems like the tax reform has really pushed small caps higher and higher. And look at the way I'm going to be the negative guy offerman here let's talk about you know the issues that might be facing small caps coming up here I see big shortages in labor. See all the input costs seeming to be going up for small businesses should we have any concerns about the murder they still have further to run because of this tax reform. Well actually let me also they not only an effort to act or they also. Generally speaking are shielded it from trade issues because smaller companies out there a small print. But print. But he had to do let international business that also that one of the being that has propelled. OK to answer your question to pick up farther to run yet. I'm I'm very able on the market. And I think not only is small cap. That's part of run but I think large cap do and indeed even the cyclicals like semiconductors. You know kind of at a ticket on the China recently Becky Morgan Stanley downgraded. It had applied materials this morning actually disagree after the laws but are accurate why. There's been a lot of talk about that narrowing it. The yield Kirk Wright because. If the debate on the two year which is near term has gone up in the year rate on the hangar after that. They're desperate which Geary means that. We got problems. Right now and we don't have grow longer term Breck if you look back at previous crimes. When we have seen a narrowing of spreads between basis point where it is now evident even gone negative. The stock market has rallied for another 24 to thirty months. Or twenty to thirty per cent. Yeah okay fine we eventually did get recessions but all the negative. Pot and and commentary that you know all of at a recession in 20/20 it's coming down the pike. Bill actually short now know we got another eighteen to 24 months to enjoy the rally and I think all the names to take it on the chin like pennies. And art are going to have their day and I did get a very bullish the Sunnis of earnings and employment are stoked strong. Well let let's talk about trade and you kind of mentioned it small caps into be a bit insulated from trade. We seem to be seen I think we're seeing some improvement I mean Mexico since becoming the table Europe seems to be coming to the table. But China and I mean China's the big one they seem to be going in the other direction what are your thoughts on you know where trade goes at this point. So. A couple of putts per the ball on the record. Okay look at the I'll get this for let me do think yup and that is Robert why are you regret that they think we get NAFTA deal that we. That's incredibly. The Canadian foreign minister. It that we are quote very very he'd been working quote very very rapid heart. The back John Urquhart the EU commissioner at the White House two weeks ago network partner network where great you're great. Those back. Now what. I'm in the app might be that progress with NAFTA. Europe. Is effectively being used as a lever against China. Now the Chinese are. What I would trading oil to try to sell oil into China I write I. In fact that they're incredibly. So trying to leverage the Chinese are probably. A winning formula. But what we are is that in the Wall Street Journal has done a very good reported earnings he's been cracked with in the Chinese leadership what they're saying maybe we need to. Find some sort of common ground and my hope. In the hole. Is that mr. trump figures out away who do the Chinese have run away some political cover. So the sanctions on Russia war beat up on Russian or Chinese economy and our treaty. Yeah and Michael is that we make progress in what you mean the fact that the Chinese market if you look at the app. Fox trot extreme India that the Chinese eat yet. There hit it sideways for six weeks to go. Down 0% today. Yeah extent what are injured but it is not going to held their other people were looking at that slightly. You know things maybe. The worst. A Bay Area yeah hammering the same article is something published an in writers I think. Chinese leadership is facing a rare backlash for its handling of the US trade disputes and usually don't see that re re re usually see almost nothing political coming out of China it's what she says goes. Kind of like yeah I'll. That's right yes I kind of like what the satellite to help money. And I've barely political and it worked on no we do there. Right I mean I don't care what her views that are you know where you're there on the political spectrum and yeah it's been quite or great. It is. Yeah well I'm I think there is a fair between positive about it we've been saying this whole time I would much rather have trade deals wrapped up in Europe and Canada and Mexico that we can all at least and you know in the united front and deal with China as one. You know group of countries CPP deal if if we do get there than that could be I I tend to agree you could have access to be buried at the markets we get to that point. Or when it's iconic I am positions and again I mean you know you know we talk every week about it's I can't help. What is there. Oh hopefully not as you know a drunken bull but you know I'm not. You can't. I'm certainly position I'm putting my money where my lap of 150. Positions right now only two short and they're basically bond related. I think he'll go to I am positioned for some sort of resolution. You know acquire blog Alibaba mean have you like Amazon you act like Ali Bob and it yep I mean everything Amazon. They do. And it packet not just in China but they're bankrupt all of southeast Asia. And into. India and I mean they beat you logistics they do like you know Amazon Web Services they have belly about the web services. I mean they have thirty different sitting here at. There are some very exciting position. That we can put on in trying to get at excited to ETF. I don't know how this thing shakes out I don't know when it shakes out. But you know if we can at least get progress. Look at that I think we well the actual progress with Eric with Europe I think we well. This thing get our record and we're going a lot higher if the 500 and that that the at least resistance people are thinking that right now they're picking recession in the wrong the. Appreciate Adam our turtle but optimist Adam Johnson from bullseye brief you can find all of Adam's picks at bullseye brief dot com by the way folks Adam thanks for joining us appreciate it. Eight Berry Mike thank you look or being an act which. They care. You know the one thing that struck me was when you're talking about employment but if unemployment gets to strong would have workers. Who would have employers just can't find workers and regardless the wage yeah. Adding that's a danger. But you know what historically at least technology has solved those problems right. OK if wages get too high the most CA heck of a lot less people working at restaurants some more people see the automated tracking you know we'll see are made chocolate ice and look at a lot of those industries that are facing worker shortages right now. I think the main reason people are doing them is because they say. And if this job's going to be here fifteen years from now. You're taking a trucking job you're thinking yourself am I gonna have this 1015 years now and I'm going to be a pilot. Well I have this job 1015 years now all right be replaced by computer now that he he I think both of those trucking. It's it's it's hard to imagine as a daisy the elimination. Five million jobs it's just as excited that that's only people drive. For living. Five. And a I think about I think about pilots for us Israelis to have what 44 pilots in the cockpit on day long flight or two or three now. Yeah that's gonna continue to go that way right well pilot. The bit jets. Right now our landed by iRobot right in the take offs are Rabat. I wonder if airlines go robotic. Prior to trucking companies. I could you imagine how they'll get on really jet about it without or maybe there's just one pylons that theory I think what you seed much sooner is UPS and FedEx flying flights without bail. Then without a deal immediately. You look at how much of our transportation. It's it it would with all of these that the ships there it is shipping containers at the lot of those. Jobs would be eliminated with horrible president do about how many people used to work on the years. Fifty years ago there unloading the ships in the area today people are working on today. Thanks for tuning into the first hour of the financial exchange if you have a second would you participate in our poll. Would you use a digital growth free pick up service that's our poll question today he simply go to financial exchange showed dot com to participate. Or you have a comment on what we're talking about. Texas tech's number 63566. It's not too late to get a great grade and a whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a pastor closing co lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. 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'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 and you need to call Cushing and 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 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 fishing 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. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called Z rent it's a great service for landlords allowing them to collect tenant's rent payments electronically and 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 acquired does he ran technology tell them a call this he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. The money matters radio network WB MW 11:20 AM and W 275 CM FM Concord plus him the money matters radio network. I folks it's chuck and Mike from the financial exchange and we're talking today about how to invest in a rising interest rate environment specifically. With regards to say what kinds of sectors performed well. What kind of sector struggled when rates are going up Michael we talk about your 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 and a 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 of 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 van 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. He has 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'd 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 for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Do you have an elderly parent or loved one be suspect is being scammed for their money if so enjoy it was Massachusetts credit unions in our fight to combat senior financial abuse uphold genteel president of the cooperative credit association inviting you to visit better values better banking dot com to learn more about C news senior safeguarded and educational tools that help you recognize an elder financial abuse and what to do in response does it better values and better banking dot com and help us take up the fight to protect seniors everywhere. 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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 in 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 with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated I'm from bank the pays you with liter maximum reward accounts can 1% cash back with a debit purchases and an extra 10% back when you user carted featured businesses to qualify for these and other awards using statements direct deposit 1000 dollars and make a debit transactions each month to learn more call 8776917900. Or visit leader bank dot com minimum to open and current annual percentage yield ten dollars mass residents only these 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 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 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 attendants -- called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them on line at C deposit dot net member FDIC leader bank a step ahead. It. This is the financial exchange with Barry Armstrong in chunks of you're exclusive look at business and financial news affecting your day your city your world stay. Informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks done us. Little bit of green today and markets are up we'll tell you what's going on with the market will keep your prize all morning long. The other story we're following are millennial raiding their 41 K plans in order to my house and then finally. Those darn dog off the plane hi everybody variant might with you here it's a Thursday morning in. And not the kind of a snooze fest on Wall Street just not a lot of action it's up I'd rather have it up ten points and down. Yeah. Again it's nominal lob. I asked here in owner of roku or yelled here you're pretty happy today both those up over 20% spends. Ed just. Quiet summer day as were really it seems like we're all waiting with bated breath that. Here what's happening on tariffs now bureau he might have Longley unite movement have a real long wait. According to a survey. By Bank of the West 29%. Of millennial who already own home. Have taken out a loan or withdrawn from the higher rate or 41 K account. Cancel until Friday in 120% of them so who expect to buy down plan on reaching into this retirement accounts to do so. You know exactly when you guys talk among your friends is that. Common practice woody here on the list what's the word on the millennial street yes I've seen frequently you have what chucked it and he did yes that Matt I plan on doing it to not out of my current for one K but I have a role or higher today. That's kind of been sitting there have been contributing anything to it yeah so why not apply to first time. Home purchase and would tax consequences of that. I think it I mean you guys and open to me I think if we do I mean. Yet come back here pushed his buttons can pick up and I think if it's towards a first time purchase from home it's tax for you isn't it is not it is not okay so how much and I going to be suffer here. Well it'll depend on your bracket but I would say Michael between state and federal. The there will be a penalty. They look at it twenty to 25% of ago tax event. And I think a lot of people might not understand that when you're when you're talking about that for a K for the first time home purchase. You know gonna face any penalties usually if you take money out of your account before your 59. Separate few rules like the first time home purchase you face a 10% penalty but that's on top. Of your income taxes that you must pay better alliance de Velde yeah. That that's right game that number attackers you have to pay yet they keep in mind that you're here in Massachusetts he would pay an extra 5%. CJ on the government for alarm. You know city the government on one hand tells us she would not saving enough for a tar and there is a retirement crisis right. But on the other hand if the need. It in your for him by house that's okay was this do you know off doctor had was this one of the changes that was made during the percent the last the Great Recession now it's just before. Yeah have been around for a while here the the article that were referencing goes on to say well. You know better source of capital. Might be apparently apparently broke new year here here here. Your parents I don't know who wrote this is your NBC news that's your parents for alone instead. They are not going to Arlington plant mom and dad lived through the recession after 9/11. They lived through the Great Recession of 2000 neat. They're the ones that are broke then they're the ones planning on living in your your basement you know in the fifth. Well I did that and that Casey nice cost of the total executive they not impacting your ads. Percent between percent to big that's a big number of people that are have reached out and therefore what is it in to what you think in my position again I'm not contributing anything it's that separate IRA. Don't you think it's worth it for me no line because that higher rates up my paycheck isn't going towards that does matter let's we have 5000 bucks and Erica. He leave that alone it's gonna double and every ten years call. Barbara right so it's gonna be reasonable sum of money there for your retirement your young you know active B 40000 bucks by the time your retire. Whereas if you take it out now. You're gonna pay the taxes and higher bracket both you and your wife for work means that you're going to be higher tax bracket today. Theoretically. They knew would be when both you underway for a retired. That's the logic behind retirement savings on the other hand though isn't a kind of a wash at the end of the day because it's going towards. Entering the housing market and thus an investment pretty much with a big sacrifice on your part is your saying okay. I am willing to pay the taxes on that tax deducted account today when we're both working in gainfully employed them as opposed to paying the taxes when we're both retired in and lower bracket. Theoretically were the the my theory is based on you being any lower tax bracket at retirement in Newark today her. And that's there and and then emotion comes into it because you're scratching around right and you in this is the part where they've screwed up the tax law. The fact that you can get access to it in the fact that you can borrowing your 401K plan. That is a mistake on the part congress he that that's a debate that. That's been kowtowing to lobbyists who allow us to take that money out there should be. See I I think what you see is based on the retirement crisis that we're facing now I think you're gonna see the rules. Tightened on getting access to these accounts your generation is going to be the one that says. Hey don't let people do this because now we've got our our parents live and in our basements. There because they have ever bankruptcy re re reported yesterday the number of bankruptcies among 65 and older. I have triple of the last two decades. There it obviously you know it it varies for each individual situation and you can't applying rules but. I mean it is here's another way Matt Tucker on average of the last call fifty years. The stock market's average seven to 10% year. Real estate market's average two to 4%. Now at that varies substantially by regions that it is time to recognize all of that. But. You know lots of different a lot of different things to consider when take money for. Dogs on the plane son of a gun. Delta. Says it has had six biting incidents in the last sixty days. The airline now carries about 700 emotional support animals and service dogs on flights each day. That's up from 450. Today in the year 2016. The total number of animal incidents on airplanes from urination to barking to biting. Has increased 84% since Torrey sixteen. This is according to gill west Delta's chief operating officer night I did the airlines and frankly the passengers. Are saying pay time and yet I mean in dog days of dog off my plane. You know I had about gay job fair had dogs all my life I'm the promise. If if you're bringing first off I think a lot of people that are claiming their dog is an emotional support animal are just. Finding a way to get around paying 120 dollar fee I know people on this yeah you go online you get some you know certificate pretty out of eighty bucks for that's giving him an edit it very and you avoid ever having to deal with paying a fee to bring it down on the plane. Here's the problem. There are people that legitimately need service animals now blind people. Blind people in India and I've I've seen service animals that's for people that have seizures you know a lot of different things that they can have. Genuine. Did you know this go take a look researcher goals and an odd color me skeptical that some. There there are certain dogs that can and basic predict when salaries and privacy well evidently seizures are way out because emotional support animals leapt 56%. In one year. Yeah very much for any that it seizure business is good on airlines me my point is that there's a bunch people. Pretending that they need their animal forward for medical reasons and it's making it more difficult for people that truly need these animals for medical assistance I think we can do if you you are solved this you say look we understand your medical problem. But it's that a Costa 300 bucks to bring your dog him. That's about it. Now evident I'm not as federal federal law does allow for a change and often change timed it time to change. The lofty sickened dogs on the plane. Playing catch up with Wal-Mart Amazon offers digital broke free pick up at whole foods. But talk about that just permit because that is related to our poll question. I I did I do not big on this whole idea of picking up her groceries at the store. But a lot of people like it and we handled number of people text in saying. Hey when I've got my kids in the car I love the idea of driving by my Wal-Mart are driving by my whole foods and having them come out put the growth trees in the car that I drive home. Would you as a consumer use a group free pick up service. And I don't think I would. But I can understand why some people might we'd like to know your perspective on this I think it's a waste of money on the part of Wal-Mart and whole foods that. I've been wrong before I'll be wrong again. You participate in our poll question by visiting our website financial exchange show dot com that's financial exchange showed a com. Or you can text us or text number here in the studio is 6356663566. Coming up. We're going to be talking about the call to care for aging parents coming sooner now than it has in the past will be joined by player. Ends very from the actually it's is that is that Wall Street Journal yes he is one of looked like New York Times. Variants very talking to us about. What's happening as a relates to. Aging parents know when meals by the way are the ones who are doing and providing a lot of despair that's next on the financial exchange. The financial exchange. Is Cole a hurdle England 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 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 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 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 a call and 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 eliminated state taxes fishing in Dolan has been helping families like jurors 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 own line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and see rent dot net without the need to collect checks most landlords used local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested and having your bank required does he ran technology tell them a call this he ran team at 781 at 6418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net 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 hi 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 an 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 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 had all kinds of trouble trying to get people who can come in and do capable qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 8620119. No. We wanna hear from new tech Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. We're joined now experience very from the Wall Street Journal the title the articles that called to care for aging parents coming sooner now some 24%. The unpaid caregivers in this country are now when wheels those were between 8196. Clear so how is this trend been changing over time are we seeing. People requiring care earlier now is that is that where we're at to drive in this article. Yeah other there's a couple of things at play here we are seeing people. Eating here earlier when you have things like. Warrick diagnosis. Earlier like early onset alzheimer's. Were also seen people and that would be millennial caring for her parents. Were also seen people being diagnosed with other chronic problem earlier. And also older people the grandparent generation living longer with chronic. Illnesses like diabetes. But the really interesting thing that they found a mom millennial caregivers. Who is that more than any other generation or at a caregivers. They they're dealing with people who had emotional and upbeat mental illnesses to. Depression. Chronic depression among their parents. You know. Substance abuse though it's not only to chronic conditions the early cognitive problems. But also more emotional and behavioral and mental element that the. I mean being a part of a generation can only imagine trying to care for a parent or grandparent the same time trying to reach her children it's it's a lot to be. Thing about the same time but it. And I'm confused about I'm a little bit concerned I guess about the up what this says about our public health systems so the of people are living longer and longer. But it's there what was happening in previous generations but it just not living long enough to be dealing with these health issues in the past. Well at. There's some months back and you know. People are also. When they're in a hospital they kept out of state there halt early go at requiring more on hand held at home. Watcher I mean that we have always sort of been asked phone. I eat you know of the nation's. Long term care I mean it's an yet formal bit now and that hasn't changed. But you know the only where they are before end. They were they bit closer together now their work are wrong so you know you may hand you know fewer people to get there and you also yet the only that are more like it. That's changed to you know that the traditional. Daughter oldest daughter out seeking or somebody who need. You know bet that. That oldest daughter that's I'll meet you where. So it's it's just be you know could be. Italy has always been there is a backbone. That here but you know the cameras are smaller they're more are long. They're planted people with people are working more stoker's stretched between their chop Ian and care giving. Claire you know the generation that's been needing the care a lot of baby boomers in that generation. Peak drug use was around baby boomers a lot of chemical dependency alcoholism. Among the baby boomer generation. Is that a contributing factor towards their needing care earlier in life than maybe their predecessors. You know I haven't even that it made at a act correlation. But it can't hurt people who have been searching back. Say that you know they think that you know they say that. Our. You know beep beep boomers. But there is a lot more depression. And it's so those that you know not paying you know caught in Alpert at bank okay about that generation there and I higher levels. But. The accused. That man lost clearly I think we lost Claire Betty I I have seen. Other studies he as a relates to geriatrics. And a lot of it the the attribute a lot of health problems to drug safe being with. With the that they did drug to the the illness that kills your liver apps not system produces. Yeah yellow live wherever it. And if any at any rate is I think you've got to have I think you've got a couple of issues going on here yes you might have that drug and alcohol issue back. I think the cost of care. And the lack of wealth nights might be playing into this to mean gave the baby boomer generation we talked about in the past. No pensions. Relying heavily sort of security and then that cost of care has also gone up Claire was that at all mentioned the study used you know how long. Folks are paying for this care and how fairways are required to get more involved and at this point. We've definitely. Laws I transparent from the Wall Street Journal I've called care for aging parents coming sooner at this point. I mean we were facing. I think he some sort of had rounds here in terms of senior care in this country that it costs have continued to balloon that. The live and it almost unsustainable rates you look at assisted living costs it is seven and 8000 dollars a month try to eat at ten that's for assistance not nursing care note in the new oh now you're talking nursing care. Your talking 141000 so you know I think it's a very small segment. Of the population. In fort Sam previous generations of previous generations if that cost is maybe half if not laughs and they had a pension yield of four. Those things it everyday things have gone different directions and never been a lot of people with insurance mean their some people who have long term Eritrea. But that's a very small fraction of the American partly yes and it's getting price prohibitive. Deputy it's either price prohibitive retake it the rate if you if you've got health omni emblem had more bad back I can't get that guy in this man so. This is the number one reason that Americans save money it's not for college it's not for retirement it's not to buy travel all of some are not surprised that as an art now I when I when I think about. The millennial generation did Dave put such a priority on this everything I. It's automatically donating stuff anymore and that's I mean if you talk about. What has impacted American business talk about how whales have been brewing industry over and over again. I think this is kind of the root cause this generation seems to focus a lot more on experiences. In the do you stuff why. Well it's it's fun it's because your generation was talents you know two dimensional you're young and travel. It's a law you're generations of them that are. It wasn't me it was you know all I wish I traveled more knowledge on terms like oh we will we listen you guys I mean. The other part of it is social media to thank Mike great. Just like being like AM and bore report this week. That's definitely a lot every the only thing that people ever seem to post on social media now weighs a picture of their kids' village idea I do you see the wanna migrants. Board the pictures. Your dog. Okay Dorsey travel kids or god or travel. And and yeah I mean this is the pew it's. I'm not surprised but yet 45% of Americans say they're saying for travel only 37% say they're putting away money for emergency savings. 30% for retirement and 21%. To house now. You know I've voiced some concerns over the price of oil and the reason for my concerns. I think it trade wars get solved. But these oil producing countries OPEC in particular in Saudi. Arabia in particular. Have any history of cheating on agreements that the ventured into we may have cost Saudi Arabia sheeting. On and royal reporting agreement were not share that with you to report out of the Wall Street Journal fear that with you next along with trivia that's coming up. 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 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 have 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 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 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. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. Eat six to. 119 B that 781. 8621190. Or he can visit them on line at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No I this 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 and conventionally US treasuries. How'd they tend to move as rates go up. Well that they tend to be in adversely correlated the price an abundance embers are correlated to the interest rates prevailing interest rates that are out there in this generally make sense you know if if interest rates go up and suddenly you can go by that 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 you know it's just at least in line with the overall marketplace and you understand the impact of rising interest rates on. 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 offering to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Marion Jones no finances and you care about your finances it's good for you know Barrington shot. Believe me here for the financial exchange on the financial exchange revealing them work. This segment of finding after exchanges brought you in part by CU's senior safeguard educational program designed to protect the elderly from financial abuse through senior safeguard credit unions and Massachusetts New Hampshire. Rhode Island Delaware training and certifying their team members to recognize elder financial abuse and what to do in response you can do your part as well does it better values better banking dot com. For more information. All right it is time for trivia. And trivia is sponsored by Arnold restaurant in east ham Massachusetts that's on the take. It. And we're gonna do trivia today based oil and Steve Wozniak line while he turned sixty years old this week. In were asking trivia about apple use the co-founder of apple with Steve Jobs the two speaks. This. We get sixteen yesterday on and curious though do you remember the iPod you for your post. We mean when we were born. We're just we are free. The black iPod came on my high school I don't know it gives the kids 2000. I went through the I remember I had eight track. So. I I don't know which techno I can't remember which technology may or may not have been exposed to. He released in 2001 of those guys you remember when EU currently in high school. How do you don't answer this. How many songs could be regional iPod apple one. That's our trivia question. Answer it's. Oh. Should Dick calling which knowing how at all you know so we are about well assists cellphone dollars and they love. Yeah you shaking your head now. You don't want that. And so all the more reason to do it she doesn't want us to do it you can tax the answer to 63566. If you never texted him before but yet but vary at different your text message and what number answer which. Decided number thirteen number thirteen PM today at lucky thirteen lucky number thirteen with the first at the thirteenth correct answer how many songs. Could the original iPod hold the surgery is that success is there's still such a thing as an iPod is just that in the stock you can. Kim by her camp X. That does some people only want the language your language news though. If you don't want Smartphone. Now any rate. IPod Touch apple block so is that an easy question are hard question not a big questions to all that's tough but look at how many songs could the original iPod hold our text number 63566. Put my first name Berry BE a RRY is the beginning of your tax. And there's a prize. I forgot to say that there's a prize winner fifty dollar gift certificate to Arnold if you're. The thirteenth listener with the correct answer that question here's a shocker. Saudi Arabia might be cheating on other OPEC nations as a relates to how much oil disposed Purdue's I've been way out of this I've been waiting for the fact I just I. I every time OPEC goes into an agreement we're gonna cut production somebody cheats. A Saudi Arabia credit RT good friends in Saudi Arabia. In Akron. You know I honestly. One of them cheating on the you know it's it's great for us so you know I'm happy and I mean it sucks if your diary and I are sinners. Or if you're one the other OPEC nations it's great for all the rest of us brings oil prices down and yes and no spines. They are also leaning on all of its there's basically what Saudi Arabia says it's popping out vs what all of the oil analysts say they're pumping out and not shockingly his big discrepancy in there about his. As much as half a million barrels a day of discrepancy. And the saudis are leaning. Analysts say don't comply they'll don't know how the because it's just it's no don't don't print that. Another story related to natural gas that this is bad news. China has placed tariffs on US natural gas in the problems. Here's the world that is a walk in natural gas via Russia has a look at us and everybody's got a surplus of natural gas yep and they're dying to sell. So China. Up until now had not placed tariffs on US natural gas and other about the slapped tariffs on that's going to be huge problem concerning part. Me is that. We were right in the middle of putting it you know installing all of these huge LNG export stage he's going to be very very big project all along the east and West Coast and there's already one down in Louisiana right he'd be NG plants. If this I mean if this goes on in those are scrapped there is no way you're gonna pour billions of dollars into these big plants. If China does not find stuff. You've already seen the Chinese imports of LNG drop a little bit and they were up year over year 17% in the first half this year but now the target heiress started drop awful. As relates to trivia question for one rights 200 songs that that's right that's right. Finally says it's 2000 songs in 2000 songs 978. Says 500 song it's about 500 keep on taxing folks he's text and 63566. Other question was how many songs to the original iPod hold. Maybe he'll listen today are probably retired are getting close to retirement aged try to take in the time to think about what happens if you or your spouse gets sick and need nursing home care. What would you do if your spouse didn't have enough money to live on because you're in nursing home in depleting your assets by thousands of dollars a month. How long would your money last if you share these concerns and you need to call Cushing and oh. They've got a brand new guide at this month club difference between like the states and durable both trusts they can help educate you on how to deal with this problem. Here's situation will dictate which product will be best for use of give the experts are Christian and don't call let them help you create a state plan that would not only protect your assets from a nursing home. But also how protector for alien avoid probate. Potentially even eliminate estate taxes. Cushing and dole has been helping fairways like yours for thirty years and can help you to call 866848. 569. And again that's 866845699. Is a guy that you can download right now on their website legal exchange showed dot com. Exercise. Believe it or not is increasingly being recognized as the closest thing to a miracle drug that we have. Not only fox does regular movement appeared to benefit our mind and body. It also seems to protect us from many aspects of in order for this to work Tucker marketing. You have to exercise more than once. The Americans are screwed. It's a it's it's researchers found that older people who spent less time sitting that would be me. And more time moving had fewer signs of encroaching heart disease now at a news. It's surprising to anyone now. Now all is this exercise good. Exercise good sitting on your butt bad more activity had lower levels. Of all the negative bio markers and there are two forms of exercise that you need to have to keep your heart in green yeah nasty day mean it's combination not enough just to be doing strength training or just Carty. They want to be doing both speakers you know when you don't build your muscles you know. Following them is there a story you're not keeping those in that department strongly in doctoring party or your brain gets and a lot of exercise that you can do we get both. Yeah ice hockey play football basketball. When I the only part I've found that surprising here was that even exercise in small ten minute chunks. Just doing some kind of movement really. Yeah it gives you measurable improvements in you know bio markers and every ten minutes you spent sitting around not doing anything. Shows significantly worse results in bio markers. Even just various small amounts does TV is is the problem. Right need to hit me like you think about there are a lot of people Malia and I'm on a lot of retirees you go to our retirement community Antonia. There's a lot of retirees that are inside all day in her zoning out if they're watching to do that's the turn off the TV and get outside. Wal-Mart is giving less shelf space to twinkies hostess. Paul's 16%. When Sony twinkies seed that's the other diet they play in essence are literally forever heal twinkies should not be on your shopping. You know I think this is they're hostess the sites the issue with wal mart's. You Ballmer Paisley decreasing their shelf space pretty significantly and that's. That's knocking their stock affair at. I mean they've got a more serious injuries just. Nobody's mind stuff they've wal mart's not decreasing their shelf space because they've got a ethical issues against. Giving people fat foods here now. It's because people are choosing to buy other stuff other than twinkies like cookies. You're at a deep fried twinkie I haven't now here it's pretty damn good actually it it is pretty. I have is that argument that I was talking to a gave police that cop friend of mine eyes state trooper and Indiana. And he works the Indiana state fair every year where they had deep fried just everything and the most in pursuing to me that was just deep fried butter. Deep fried Oreo freeze butter that's suns where drench it in flour and deep fried for him eat and then drizzle with chocolate it's good. If your cholesterol hit probably. All the years have been an all the pronounced I have you have we have the nice. There's yeah right they're cheap. Into the market basket. She for the Wal-Mart C I don't know we are shopping and one in Illinois and. It's just tough to compare the prices when your completely different part of the country at different tax rates by cents a currency. There have been different tax rates different sales tax. Brady I don't remember if they're cheaper than market basket that a good discount brochure there. Now I think the third largest in the third largest grow from the country Torii 500 locations. I'm right behind Wal-Mart and Kroger now. Again my my concern with all these Hershey store is is. Are they going going to have technology can compete with us right. Am at the end of the day if you're grow sure right now you've got to be investing so much money in tact and Wal-Mart and Kroger two pride do it I'm not sure all the camp. Maybe they can. The the Yost did that that's a good point is people I think ultimately. Hey I go back and forth on this hold do our people ultimately gonna want grocery delivery service I think so. And that that's there's a lot of things that we said we would never bottom line that read mine. And I wanna go check out this computer and personally go and test this camera and purse Atlanta and all that stuff done in person. Now nobody does I wanna I wanna make sure that trying to close in person even cars now people buy their cars on. So I think it's it's it's new it's you know people aren't sure about yet they'll get over. 510 years from now. Most oceans of the bottom line. When we come back we'll announce the winner to our trivia question on and off we have a winner I see a lot of wrong answers here. You see one guy who's next in like 99 yeah I'm giving him a warning because I've warned him the other day saying that I got same guys said the. Is your last warning that if you want them to block out tomorrow morning and now he's a listener now. Are up next will be taking a look at weekly mortgage home applications. And whom merger called that's next in the financial. Harrington Q can 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 why this is Barry Armstrong 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 to don't miss out call right now 803934001. That's 803934001. Or download the guide instantly Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are her securities America advisors incorporated Barry Armstrong represented if 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. 119. 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 781. 862119. 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 than you need to call Cushing in Dolan they've got a brand new kind of this month called 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 a new state claimed it 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. 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 even send out annual interest payments directly to attendance this call the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them on line and see deposit. Dot net member FDIC leader bank step ahead. Security suffered through securities America ink members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. What's hot and what's trending. Your world of finance find out from Barry Armstrong in chunks ought to on the financial exchange radio network. Tucker Silva was just about ready to go to high school in the year 2001. When the original iPod was released. It had five gigabytes of storage and was capable of holding 1000 songs just 1000 socks and how much it cost. Remember I can look I think I wanna say it was like maybe 200. At any rate Davie in York Maine is the winner and our trivia contest has brought to you by Arnold's lobster and clam bar located on US route six in east ham Massachusetts. Coastal magazine voted Arnold's. The ninth best seafood dive of all time in the entire country so get down to Arnold's and check out their great food for yourself 5082552575. Or visit them. Online at Arnold's restaurant dot com. For more information and it looks like the original iPod costs 399. Dollars and that some of it's a big collector's item nowadays too by the the old Daria you know which I hadn't thrown title winner you know their liner on the house you know those are now you know Roma just chucked them. They the financial exchanges brought you in part by leader bank it's not too late to get a great rate on home mortgage leader bank has some of the most competitive rates around call 877. 6917900. Or visit leader bank dot com for more information. Leader bank is an equal housing lender member FDI CNN Dallas number 449250. In a good time to talk about mortgages has mortgage applications. Fell 3% from the previous week. There was by animals. The from the box I'm soderling. Let's just say I think that's the problem Tucker is anti it's gotten down to. Where the inventory levels are just so low people can afford to to my house. Yeah I mean in our housing search I had seen. Steady price drops. Across the a little bit yup mussina some drops from 5000 to 40000 dollars yes sometimes even more now where as in the spring you didn't see anything drop whatsoever let's say when you get the people who were desperate to sell you faced and then on the market. Assay. After. As a sick Columbus Day but certainly after Thanksgiving break. War you know keep a list of the people who had their houses on the market then in goaded them. After Thanksgiving. And say hey you know interest and sell that house and she didn't sell you if they take it off the market it took off the market volume realtors ask if the if they won so now December 1. You know and it put on the market Ian tells spurring march April right right by as London to abide by that they right now but I want 20000 bucks. In a competitive there they might take it's actually a disease dear me just yet somebody depends on whether they need to sell our ports. Yeah I mean I suppose that if you really need to sell it to keep the market price yeah I mean. That's were pretty much they can on house talking to John Moody's yesterday off fair. And he was pretty much saying that he thinks October's going to be agree time for me. Just because of what you said that people are going to be desperate that time of year. You know with school back in session or maybe its supporters hunkered down for the winter whatever it is that seems to be a decent time by we you're also a different type of millennial mostly meals won't do the work files. Worry if you're willing to law. See something that was built in the 60s70s. Dell which is always pretty much you buy one of those that hasn't been fully updated rate you're willing to. You know it is updating the electricity that Z it's not that. Hard to do right you do in the outlets and but if you're willing to do that yourself part can personally could do it and say. If you're willing to do the bathrooms over again it was the Jews kitchens over again in yourself yeah as opposed to trying to hire if you hired out. I've actually seen any. No no I mean we are fortunate to know enough family and friends who are calm able to help those areas would be filing for knowing analysts Trish and give us advice exactly. Amounts or fortune for that by what we can't. To a total gut job but were more than willing. To chip away at renovations to update the players and even if it takes you five years ten years who cares and cares a date decade a year you're always when it whatever you by European and Japanese and money maintaining our. So I don't know I I just think. The the market may have gotten a little bit ahead of itself the fact that you're still seeing inventories. Yes. Bill I don't think rates are coming. Not the other is that you know against us two men if the waive the okay grating at twenties I paid 20000 or laughs. But my mortgage rate went up half a point where in its monthly I didn't say the darn thing. Yeah it in just a quick example there's a house a one bedroom house in great location great yard goes one bedroom. They elicited in believe me day for 370. Some dollars. Pearl one bedroom and that is gone down to 334. Of the that's better still better than on. Like a lot of people would prefer to live in a one bedroom house as opposed to any part on that they and that that's who they're trying to compete. And the markets are open. And let's take a look at seat Howard Dylan gold is up sixty cents per ounce oil street that sixty bucks a barrel 66 bucks a barrel. S&P is up two points the Dow is down nights of really. And tell your folks it's a flat day on Wall Street. Thanks for tuning into the financial exchange we appreciate your participate in trivia and in our poll question its financial exchange showed dot com.