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Full Show 10-3-18

Oct 3, 2018|

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

This is the financial exchange with the very Armstrong and show Oksana. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. But the Dow Jones industrial averages in record territory. You've got private payrolls growing much faster than had been expected. GDP growing at 4%. It's almost like this economy is too good to be true at least that's what the Fed to say hi everybody it's very and truck with you here. It is a Wednesday morning inside of a gun you know you look at that ADP number. Which is private payrolls that's just corporations that are right forget any government hires getting any municipal our federal government hires. To private payrolls grew by 230000. Yeah it was a good number here. This number doesn't always correlate with what we get from the government number no no later this number of it later this week I'm sorry. Yet to give you an example of this back in September when we got the August numbers. The ADP report showed a 163000. Jobs created big government one for private payrolls should 204000. Created. The previous month it was reversed so you know you you're generally within about forty to 50000 of where the number's going to be who's so you believed to be more accurate. Neither these natives I think they both give you a general sense of parity are the only guy I like GDP cause actual pain link gets these are. In real time data. Yeah where is that the the government data it is a survey of fifty or 60000 people yet and I think appear if you're looking at what is probably closer to the truth then it's probably the ADP number just because the government numbers as you say they're based on a survey it's us it's a relatively it's it's an example you know it's 5060000 people bun. When you're talking about you know extrapolating that to 300 million cost. You know it's a tough putt sometimes. And the government numbers the way that they the methodology they used and so forth it's outdated in today's world and to be completely honest. You could get a lot of this updated it and actually start getting real time data if you spent a little money to do so and then. But we don't do. Now nights he the death the strength of the economy. Is unlike anything I've seen and I'm gonna say I haven't seen anything like this since 1999. Which kind of spooks who doesn't well a little bit in 99 though. I we we all kind of new track I was younger than obviously it. We eat we all kind of knew that there was a bubble in technology. Because you had all those dot com zoos pretty easy. To pick up on that when you were fourteen years old there was the year 44 years old. People had to get eat you know there was this fever of getting into the stock market getting investors who don't get that same sense today I get the sense today. The economy's strong. But there's still a healthy dose of skepticism towards stocks. Which to me suggests that wind when we see a correction inevitably come here not in the in the stock market but in the economy are. When you see that when you CA recession comps at some point always to me can't avoid him for a you get a recession this time due to a lack of workers India in this be the first time we've had one of those along. And in in what I'll say is you know if and when you get that recession it suggests that the movement that we see in markets. Isn't necessarily going to be a 50% downturn like we saw. In 2000 and let's hope a guy. Not necessarily going to be what we saw in the in the NASDAQ in 2000 where was down 80% is yet tech companies that literally did nothing. What I will tell you there's some things that you you look out there and you say okay. Turk what you're talking about all of us concerned you know. We've got unemployment home and along we've got good job growth now housing continues to be pretty strong even though prices are starting to level off a little bit. What what makes me nervous isn't so much the domestic picture which I do think is pretty pretty darn good right now you know it I think it's about as good as I've ever seen in my life certain. What worries me a little bit. Is what you see internationally in particular in Europe with some of the fractures that you're seeing there and and whether or not the Euro can figure out hey how to weed B of continued alas for another twenty years because the first point is gotten a little rocky at the point. And then also. What's the situation look like in Asia with China continuing to exert its influence over there then those are things that concern me when I look forward. And with some of these trade issues that have cropped up in the last year. There's one number that I was looking at yesterday. That. Typically kind of gives you an indication of where the world economy is going yeah is it in again people say where that tripled us from. South Korea mocha their exports tend to correlate pretty well in general. With overall earnings of global corporations just to South Korea is so heavy for manufacturing and there that there's to become this key. Country where they export both to Asia which growing rapidly. And also big in terms of exports to Europe and the US which were developed areas Samsung. Exactly Samsung LG those types of companies Hyundai Elden you go down the list. South Korean exports year over year for the month of September yeah. Came in at negative eight point 2% while. Since his dad a proxy for China this China never tells the truth it's a proxy for China and forward demand in the US and so the last time that we saw numbers like this from South Korea and was back in late when he fifteen early 20s16. When we got all of that money coming out of the global economy because of oil prices crash. So this is one of those things where I take a look at the chart in this number by the way if you go back a year okay a year ago that number was up plus 34 or. And snow seed and a lot of people would have thought that number would be increasing. Because you're hearing about American companies like Costco. Stockpiling Wal-Mart is stockpiling products because they're anticipating these stairs and and I think what this suggests to me you could see. That what could all you know you mentioned to hate you know would not enough workers can kick off the next recession. It could also be what we call on the inventory recession we're companies have stockpiled so much product that they say look. We don't need to order anything else in factory orders slow for a couple quarters and it puts you into a mild recession doesn't mean the world comes to an end but if it does mean that you might seal pullback in markets. As you go forward twelve for eighteen months you know it is inching their bed eat yesterday federal Powell's in Boston. Talking he said you know I am not worried about labor markets overheating. What I am I I like I must be the only. Person that's concerned about it I I look at what's going on with Amazon just did. And was other companies having difficulty hiring workers not a day goes by where we don't report on labor strike force somebody's going out on strike her work like dead merry workers just went out on strike. What's the problem with the labor markets overheating. It means that wages go up and in the short term corporate profits and why is that a bad thing. It's not necessarily a bad thing in the long term in the short term it can cause us hey if all the sudden merry up misses their earnings estimates. Quarter after quarter because they have to pay their workers more money or Amazon or BJ's or Costco all these companies have to pay more money for the worker Jeff in the short term. It hits their earnings per share in Wall Street will cause stocks to go down. May not be bad for the economy. It be economy might actually benefit from higher wages to lower paid work. My view also was that stress is stress stress is what produces. Forward progress in technology in an economy it's what when you have a company that saying gee we can't figure out how to meet earnings because our costs are going up too much. It's it's not a question of hey we don't have enough sales we can make it taped what it will create what we do to innovate. To figure out how did to generate better profits and I like to see the actors that's where company like Marriott says. Gee you know what we're gonna figure out a way we're gonna get better technology for our cleaning staff so that instead of cleaning eight rooms they they can do nine. And instead of having our kitchen work in this way were gonna have. I would like to see that I I lake companies that are a little stressed because it forces them innovate sure I don't like when companies are all comfortable saying OG we go low borrowing costs and low wage they. What companies had to do the last eight years to make money. Hasn't been too hard. It is it and they haven't had the enemy Tucker when your son is born are you going to limit news say son. The guy you know you haven't and do you get look at. Aka preacher I could ask how you know that but I don't wanna know them. So when he's hole is weird the very went when he's born in you know limit the amount of time yes computer yet. I I tell you the acting parents. There have been raising kids perceive the last ten years. May be getting caught by surprise by how screwed up their kids. Because of computers it's that the more data that you see on this in the more than your read. The more. Scared you have to be about the use of technology on a regular basis and you really gotta limit it not just I think for adults as well but if you're raising child. That's where brain development happening and everything yeah and then you take you know said screen away from the child and damage it more more crescent. It seems like you know they they just get more of the angry went one of the big problems there pointing out news. They're spending so much time these kids tenure old eight years old twelve years old. And they're not getting any physical exercise at a suit and so. That all seen the movie while you're at a bunch of fat peep deficit to throw around chairs because they can't do for you use that I think is part of the behavioral issues talkers you know if he did. That needs it so much energy. If they're not getting exercise. At that can't be good yet unit run around. What's the exercising and you know just normal socialization not you know trying to present an image on social media deal earlier friends but actually talked at new human beings and say yeah do you like what's actually going on I think the socialization thing is is massive as you go out to EUC. You know. Some parents ballot their kid at the table one. You know elected as is here phones then yeah out and is on the iPad like well how is that socializing currently in and then you have the two parents that are looking at their files it like so yeah -- Arizona they're all it's like you went out to dinner to do the same thing you would have done at home. The wonder you were just too lazy to cook here. Too busy playing your World Cup coming up we're gonna be joined by Jesse icing your room what why departmental. He noticeable question well. It's. A this is the poll question today is terrorists is sorry tensions a little stagnant because of the screen time usage. Do you limit your children's screen time. Yes or a feeling Islam and our screen time after the decision at the. You can participate in the poll by visiting our website financial exchange showed dot com or you can text that's 63566. Is our text number put my first name at the beginning of your text. In the next segment will be joined by Jesse I singer from the New York Times talking about a subject we discussed briefly yesterday. And that is the Internal Revenue Service. Bringing fewer tax fraud cases as a result of budget cuts that is next on the financial exchange. We wanna hear from you. Tech Steward diaries 263566. And let us know what you think about the stories we discussed. Your team to the financial exchange radio network many of you listening today -- most likely nearing retirement age and if you haven't dug deeply about planning for your retirement Todd lets you as a message for you there will help you through the process many view -- listen to -- for years on the legal exchange radio program know that he's an expert -- elder law in the state claiming so you're just starting pouring into the retirement process you're going to want your trust documents to be prepared properly so your assets are protected from the nursing -- it takes five years to secure that protection and you need to make sure that -- wasting your time in your money on legal documents that don't work this month Todd has written a brand new -- told designing the income only -- -- the -- trust that contains the specific language that must be included and more importantly language that must be avoided in your trust in order to protect your assets from the nursing home it's -- for free by calling 8668485699. -- 8668485699. Don't delay did your -- today at 8668485699. Or downloaded right now from our website legal exchange -- dot com. Are you having problems the blocked sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. Hi everybody it's Barry Armstrong and Jake two Lian were talking about a program called Z rent. Now this is specifically. Designed for those of you who wore landlords and used to collect your checks with paper checks are gosh maybe still do. Will zero rent allows you'd collect checks electronically. Jail is hoping he could spend it. Little bit of time explaining how easy grant works and why it's a big advantage for landlords. Absolutely vary so we we develops the rain to. Out of me the whole race because right now you know with the landlord when you're getting the rain checks in the mail it's low it's unpredictable. You're missing envelope line mostly waiting he might not get all the rent until the tenth or fifteenth of the month. Furthermore if your landlord on vacation in your rinsing your notebooks now to what he does is it really digitize is no. It makes the rent electronic payments it allows for roomy cheering for multiple roommates and apartments that's great if you're renting at the college student absolutely. It's predictable it comes at the same time every month and it's all on me. So the landlords who have been using assisting huge time savings and ornaments you are you still giving the first six months free from landlords the first six months or free and then in addition to that. If you bank at one of the participating banks he ran is always brief. Those participating banks are meter being installed in messed me up at that any bank could sign up breakneck if you at a bank in Vermont to Connecticut. They could sign up and become part is the rent yup you fury if you have a community bank that wants to be a member happened Collison will have and sign up and the service and then be free free. All right if you wanna learn more about easy rent. Go to Z rent dot net and give my call if you wanted to 8776917900. If your bank doesn't offer they can sign up for zero it go to zero rent dot net or call them whole free. 8776917900. Securities offered to securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated stock tips. Stock we Gary Armstrong and shut sun out it's the financial exchange on the financial exchange radio network. Are you afraid Paul plumber because you don't know the cost easy homing can complete most simple residential service calls. Under 300 dollars could be a block sinker a drain. Maybe a leaky Foster a shower head or nonstop running toilet. Always call me because they can fix it fast and they will leave your home spotless when they leave call today at 781. 8621190. Or visit them online easy plumbing MA dot com Massa master license number 10183. Joining us on the line now from the New York Times is Jesse Eisner here to talk about. Why the IRS is bringing fewer tax fraud cases each and every year Jesse thanks for joining us. I had threatened me I'm actually a reporter for pro public got that article was published in the time. Well your report Republican then I'm sorry about that effect let's drop. Let's talk a little bit about what you found here and let's first look at the data how what kind of decline have we seen as far as the prosecution of tax fraud cases. Well I mean the big number that pollutes your listeners should. Take away from this is that. The iris only prosecute fewer than 800. Q were hacked fraud cases. Last year in what I'm talking about his way here yet legal in Compton not a drug dealers money longer legal incumbent cheat cheat on your taxes. Only 795. Cases now that's down a quarter from 2010. When and the budget started getting cut so they're doing many fewer cases like that. So if if we're trying to figure out why this is the direct line you think is between the budget cuts at the IRS and in in this number. It's not that there's less tax fraud now it simply is that they don't have the resources. To prosecute the same way they used to. And I'm no expert thinks that there's less tax fraud and it should really be rising because the economy is rising corporate profits are rising incomes to rise thanks. So you'd expect to have. The same amount of tax fraud if not more in this kind of booming economy. So there's two things really going on one is that the irises budget as getting a mystery that. And two. The techniques that the IRS are employing. Are changing. And they've been changing for awhile but there really focus on this kind of a third kind of tax. Fraud you know when drug dealers cheat on their taxes when money launderers don't reporting come to the IRS and they're not really looking at this legally in com. When we won't get the process that the IRS uses to uncover tax fraud. MI correct in assuming that starts with an audit typically in that audits are probably down as a result of fewer resources. You wouldn't. Jewish to think you'd be right you'd think that that's the way it would work but bizarrely it doesn't really work that way now so what happens is sodium via RS that the top of audits every year. Those are you know civil audit. Those are the kind of routine business that they're doing. Doing but that's down 42%. And the budget had started so we all audits are almost down by half they only do about a million over a little over a million audit every year. And then what they're supposed to do is comb through those if anything looks like fraud they referred over to the criminal division of the criminal investigators. To investigate but they only. Too bad. That those are plummeting to so they've only referred week 128. Cases in 2016. Which is way down from a few years ago. So that system is totally broken with in the higher risk of looking at audit their auditing returns looking to see if they're red flags that suggest criminality in the referring them over the criminal investigative. Jesse do we have any idea how much tax revenue was lost because of their inability. To conduct proper investigations here and in where I'm going with this is. If there's revenue lost it means that you myself all of us who actually pay our taxes properly have to pay more to make up for that in my wrong. You're actually right. You know or were borrowing to make up for that so yes the minutes. Are that the people and businesses don't. Report 125. Billion dollars each year in the income that should be tax. That there were losing a 125 billion intact. Tax revenue from in come that it isn't reported. Each year or so that's enough to. On the Department of Justice the FB the Department of Homeland Security at the list goes on it. It is huge number and it means that honest people or paying their taxes. Are footing the bill for these people who are treating. Very good Jesse thank you for the time they were really appreciate it. Thanks so much appreciate got on that is Jesse eyes in your from pro public. Talking about the decline in the. Tax fraud costs are brought up the idea yesterday you know fair tax that it's Wheaties. Like I loved about. When you look at. The cost also associated with administering enforcement him in the the iris think about all the jobs you say to that how how many patents and tax lawyers could yet race. Probably why we still have. But think of attacks in all Siri could they be better. Used to doing something else right that if you're Leo if you're good CPA couldn't you also be good engineer could you be good doctor I mean. The the we spend so much time about how much money we as consumers. Spend on tax preparation and keeping track of all of our. Our our tax records if you just said hey every time you buy something there's going to be a value added tax of I don't know 1020% whatever it is so I. I have some data on this actually just because. I have some data on this actually it. He can't help and say hey I can't help but so according to was the Tax Foundation and 26 teen. Americans spent eight point nine billion hours in total hours complying with tax filing requirements. And it is estimated. That tax compliance cost the US economy. 400 in nine billion dollars. 400 not suggest this 500 billion dollar quarter billion dollars it's time they spend on health care that he could spend on education that you could spend on defense and instead we're spending it on film had a bunch of boxes on 1040s because we think this is the best way to do. It would bothers people about this is. Politicians of both parties have let us down this primrose path. And that's why we get screwed worst freeze primrose path and I'd I'd I'd made that we're gonna look that up in the in the during the break when we come back we've got a story as a relates to General Motors and Honda. They are teaming up to build an autonomous vehicle. That is our next story on the financial. Life goes on FaceBook and followers on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing and 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 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 10. 183 again the number is 781. 862119. 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Or zero rent dot. -- many of you listening today are most likely nearing retirement age and if you haven't dug deeply about planning for your retirement Todd lets you as a message for you there will help you through the process many view or listen to -- for years on the legal exchange radio program know that he's an expert -- elder law in the state claiming so you're just starting pouring into the retirement process you're going to want your trust documents to be prepared properly and so is your assets are protected from the nursing -- it takes five years to secure that protection and you need to make sure that you're wasting your time in your money on legal documents that don't work this month Todd has written a brand new guide told designing the income only around a -- trust that contains the specific language that must be included and more importantly language that must be avoided in your trust in order to protect your assets from the nursing home it's -- for free by calling 8668485699. Minutes 8668485699. Don't delay did your guide today at 8668485699. Or downloaded right now from our website legal exchange -- dot com. Hi this is -- are strong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and 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 online at C deposit dot net member FDIC leader bank a step ahead. 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Or -- leader -- dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank -- may go down in value -- -- a step ahead this is a special announcement for all landlords chasing -- -- rent payments and making trips to the bank to deposit checks -- hassle out of round date with -- and -- banks all -- rent collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more would you rent your payments for each -- to receive regularly on the same day every month tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent -- meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today until Darian chug right here on the financial exchange radio network. Time now for Wall Street watch presented by leader bank if you're looking for great gift for the holidays leader bank has a wide. Selection of gold and silver bullion coins. Available all of their location so called leader bank today at 8776917900. Or visit leader bank dot com for more information. The Dow in record territory truck they have the Dow up a 155. Points the NASDAQ is up 42 points the S&P is up thirteen points. And oils even the though in the way I like it it's down twenty cents a barrel. Gave get a nice day moving in markets enough we take a look to sector by sector why isn't on this every sector in positive territory aside from materials industrial technology in financials leading the way. Those are three sectors that you typically see. In a bullish and strong economy very guess so good to see that there that is Wall Street watch presented by leader bank. We to bank has a wide selection of gold and silver bullion coins available all their location so called an 877. 6917900. For more information six point seven says the IRS is bringing less cases because people are more honest I would disagree with you. Seven that we just haven't outbreak of honesty out the gate I think there's a lot of tax cheating going on and people who are like savvy they know. That the there's less likelihood of being caught so yes more cheating going on it's a sick I'd suggest to you six or seven. That big dollar earners who are typically well informed are cheating more because they know they're not immediate cut. 857 chimes in on our poll question currently we recently relocated to North Carolina from Massachusetts. With our boys and their faces are glued to their Amazon tablets that's not good. 774 army says what is the down there's good and the story about three weeks Ike is dead and three weeks. Go we pulled them cold Turkey week one was miserable week two was more miserable week three they were about ready to give up. But they've both now calmed down considerably they're happier in sleep better now the it saudis and before you need like a detox program for technology. Well you do and and we should probably is adults do that to now go to rehab. Go to cellphone Maria cellphone ring I wouldn't be surprised you see that actually at some point pop up when I was surprised when said. Rosemary it would be I I might need it. General Motors and Honda this is an announcement came up this morning I thought it was really interest thing. They've teamed up to build an autonomous vehicle. I guess really eat unity talk about all these companies that are in the distance rate Hoover Tesla. What's the one in Boston talk economy. He's really only two that error have any kind of valuation. And are making progress. I would seen me it seems like Dwayne Bowe is. From what I've ever heard over at HP yes. We Mo is light years ahead of everybody else but Chevy cruise. Pretty it pretty good information coming out of there and and it seems as if they'll be the only auto manufacturer. That war have they ever a real. At least initially they seem to be the one out of there if they seat as Clinton any actors that they're the only company that really seems to be making a big push into this space. And I give them a lot of credit because it would be really easy just kind of say a cable let someone else develop this then we can you know adapt the technology. They're saying look we wanna be a pioneer in this even though it's not something that you know we originally did we see this is being the future and their kind of taking. The lead there and it's the I gotta give Mary bear a ton of credit because this is something that's happening under her watch and the it it seems like it's it's really making progress here Honda's going to be paying GM 750 million dollars immediately take a five point 7% stake in cruise holdings. And their potentially. Going to be paying two point eight billion in total. Over the next several years on snow so. It's interesting that Honda's saying page you've got something that we actually want their competitors in May when a competitor says hey we wanna invest in your technology. That tells me the technology has some promise or does it mean that ponders and beat him to both. Both I think it's it's it's you know you you don't spend almost a billion dollars immediately. As hunt is a big company is not like you're talking about a company that's a fraction of the size of General Motors I mean they are. They argue 88 they sell probably as many cars as a General Motors Yemen if you. If you're going through and taking you know look at the list of all the auto manufacturer by vehicle production via and I'm pulling up the numbers right now Honda is the you know I think our Volkswagen in General Motors and is this seventh biggest one in the world now so it's the number one and number two to know GM's action and formally. One in to our Toyota and Volkswagen both do about ten million vehicles a year then Hyundai Kia is third at about eight million vehicles a year GM is just behind Hyundai Kia and forward. Nissan Honda Fiat Chrysler Renault and group. PSA which I have no idea what falls under their umbrella of Citroen and those you know European cars that really gets sent to partner. Marriott hotel workers going out on strike now. Yeah this is something that we reported originally about three weeks ago when they had voted to strike back on September 12 Columbus Day weekend but these 15100 Mary international employees and these are anyone from housekeepers to bartenders to bell hops. At a number of hotels including the aloft Boston seaport district. The Ritz Boston W Boston Westin Boston waterfront Westin Copley Place they voted. And and they now are going on strike gasoline happens to those hotels collateral damned well if they are going to cave the pain now granted some of the workers stuff that their asking for here. Is a little not OK there's one thing to say we wanna get paid and we wanna have you know raises the next few years ago. They're saying we don't want you to have self check in kiosks we don't want you to have robotic room service well. I think you're barking up the wrong tree on that because that's common what do you like it or not right but if you say look we want 5%. Raises each of the next three years and who. Well you brought bodies. Robots are gonna make drinks and wait on tables at least not yet great game Euro the Ritz Carlton. You're gonna want it would pay for a thousand bucks a night you're a lot you know a well cleaned room be your urine insist that I. The brands of that hotels and protect you from robots coming in to do a lot of those jobs but. Looked at that stuff is going to come at some point to when IA I had to go into Boston I was staying there for. And I just we had a wedding and we didn't want to drive his hotel rooms are cheaper than do you wise. And so we you've got a hotel and veto the chicken on our phone it was nick it you know afterward at a kiosk I can do it on my phone in not even after talked. And I checked in to my hotel room in Paris this morning. But out on my phone just like throwing out I thought you were there and then came back. For what went through like the hotels app worried he said meaning I don't wanna say time check in now. A perfect great all go up its future. Folks do you have a trust to protect your assets if not in your closing in on retirement and this message is for you planning for retirement. It can be complicated so it's best to deal with an expert. Two can advise you on the many elements that'll affect the process including how to keep your assets out of probate and protect them from the nursing home. Todd what's key is a partner with the law firm of Cushing and Dolan he's an expert an elder law. His new guide out this month will help me understand how to design the perfect irrevocable trust new include the exact language that you need to protect your assets from probate. And the nursing home the guide is yours by calling 8668. Story. 5699. And on talk radio show the legal exchange he always discusses issues they can affect you. In later life if you're retired or begin to start your retirement planning. And if you have questions about your existing trust and you know what kind of trust is right field. Call 8668485699. Right now and ask for Todd brand new guide. How to design the perfect income only irrevocable trust that's 866. 8485699. Or download it right now at the legal exchange show dot com. You know the list of retailers that Amazon has put out of business is wall you know we can talk about toys or rice or Circuit City year. Barnes & Noble there's a million of them. Now there wage increase is putting a lot of pressure on other retailers are looking at Amazon's yesterday announcing. Everybody gets fifteen bucks an hour to start just to start here in the beginning fifteen dollars an hour. You have to ask yourself the question how does a company like BJ's now they are big New England company. I'm a consumer of the IIII. Like BJ's I go their regularly. They paid their minimum wage is nine dollars now so how does BJ's compete with Amazon. For workers. Can't they get paid can't. It's it it's. That they might not have to pay fifteen because maybe they have different benefits and so you know you gotta look at total package is I don't know and Amazon's benefit package looks like okay. But they're gonna have to get to at least thirteen to fourteen. The I mean it's the you know the well what's amazing is BJ's is paying nine Costco which is a direct competitor. Is only paying fourteen. There's paying fourteen that's a lot scale now. You know cost a lot bigger than BJ's and that's that's what it is I just think of like you look at Home Depot Lowe's they pay ten bucks an hour wal mart's minimum wage is eleven dollars an hour. As a result of Amazon's announcement yesterday retail stocks declined. Because of wage pressure yep pretty much what investors are looking at is they're saying OK all these companies are gonna have to follow suit maybe not fifteen but at least thirteen fourteen. And that's an eat in their profit margins meaningless earnings next year and that's what stocks sold awful. Coming up we're gonna be joined by doctor drew Ramsey drew is an assistant clinical professor of psychiatry at Columbia University. We're talking about feeding your head specifically. Will be delving into the topic. About foods that target depression and anxiety that is next on the financial exchange. This news financial news and what it means you lose its own right here on the financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network. Hi this is very are strong and I know that many view who listened to my show are retired or nearing retirement age if you don't have a sound financial plan to -- you do enjoy your retirement you need to get my brand new guide on how to develop a retirement income strategy this guide will help you understand various elements that are critically important to your plan whatever you saved to date has to last for the rest of your life so you're going to want that money to continue to grow over time even when you start drawing from it another consideration is the volatility in the stock market we've seen the bull market continue to flourish but there have been many considerable ups and downs along the Wacey need to make sure your portfolio can handle that call me right now at 803934001. And get your free guide how to develop a retirement income strategy that's 803934001. Rican download it right now on our web site Armstrong advisory dot com. Juries are with the securities America incorporated member and as a PC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you're landlords looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the 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 7816418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot net. Hi everybody it's very Armstrong in potluck ski from the legal exchange showed dot com we're talking about. Cushing and old guy for the month of October called Medicaid income trusts. Todd I have to confess the average person is not going to know win the trust documents they have are right or wrong. The need to rely on whoever their tourney would be. What should they be looking for when selecting an attorney to draft. And Medicaid income trust or an asset protection trust you know their I think that's the best question ever because you're right they don't know as much as we try to educate them. It's just too hard the language is too technical. And and people aren't gonna know one player and others so when you're looking to hire a lawyer to do this. I think one you should find out if they spend a 100% of their time. Doing best they play the taxes estates trusts you know that's it. If they're busy running their personal injury court we can't keep opera you know it's hard enough for me to keep. And I total time. But also make sure on their card when you get their card that you see the letters Ellis Island after their name. That usually means that they have a masters in legal letters and taxation mean certainly need that need to understand taxes when you're drafting trust you zoo authorities tell you that from personal experience. And lastly I would say when you leave the meeting you know what you want to have a flat fee. Regular note it's gonna cause you don't wanna be billed you know by the hour for this work exactly and when you leave had a great understanding of what was done you're not asking more questions. Then when you came in. Good advice from Todd let's keep you'd like to copy of their October guide regarding Medicaid income trust you can call them told free. 866. 8485699. Or you get to guide right now by going to legal exchange showed dot com. Download the guide from their website legal exchange showed dot com or call ample free at 866848569. Vote on our daily poll question. As financially strained showed John come with what your mayor buyer of the media player and watch the show while you work. This is the financial exchange radio network. Joining us on the line now is doctor drew Ramsey drew is an assistant clinical professor of psychiatry at Columbia University. Vision talked with today a little bit about foods that target depression and anxiety drew thank you for joining us today. My editor couldn't be here are pretty beat their brain. After just let's let's talk a little bit about kind of the the food and emotional connection that that you've described in in a lot of your work. Can you just give a little basic overview on some of the findings that you had in general. Sure the group ultimately it published paper in the will travel like a tree and had a crescent gluten in the finding the literature pretty straight forward. You know more traditional diet of whole hootie and the all the eaten your risk of illness like depression that don't. Lester two randomized trial join the putting patients with depression on a Mediterranean. Diet they're questioned about a week. And it that big common sense emote or outcomes to prenatal prenatal depends on property. What are the biggest obstacles to getting people proper nutrition and looking specifically the United States. Well specifically we eat the wrong fruit and it pretty straightforward you look at what American. No no mystery why we're struggling with their weight or stroke and heart disease and diabetes he. Too many simple sugars refined car and it in I think one of the problems through these people a hard time under in the incentive. There are significant but it does physically and look at the Ebert and do you eat it in and be on cloture vote on. 82 assistant all day long putt. We look at the top driver disability in well worldwide and to be an America is clinical depression. But more from our economy and any other illness. We have a competitive solution to exclude. It's just it makes common sense for all of us that there really incorporate that as if I would think that. In an embryo obviously tend to look at things from a business in dollars and cents perspective being you know business focus show. We know that the cost of depression both in and you know lost worker hours and and medical bills and so forth is significant each year. Do we have any idea how much of that cost could be offset by simply eating properly. Well look what you're eating properly and exercise does not to let belching into that that that statement to continue to so that data up questions for example. Looking at dietary pattern and depression rate BC thirty to 50% reduction. So that's billions and billions of dollar about it count it up also in the center near eating better is is. Cost more the most recent state smiles trial by a jacket shook the individual on an indictment to question. 840. Australian dollars a you wouldn't senior it will statements to the individual and then to have that. Are you can't on file numbers which is. That great to be human smile that happier people people literally just that are communities better at least than it does it make them follow buckles and and also from a planet and when we commit national kill hoping to date guys that hold under national killed eight. It just look at Cahill a phenomenal book health wise so the effort America but we are and intricately at two cups of cable current year. Now there's more a ball more than a the Q a great example really really inexpensive and easy to grow. Very accessible to all Americans and in easy to that makes two wishes to. And the two great example they look on the train them bring it. Doctor how long does it take for a change in diet to have a measurable impact on someone's the overall sense of wellbeing and so force. Media political there's the acute effect which senses that the brain food placebo effect which is look everybody can test that they want they'll all night. And so Britain to kill they eat some kale eat some you know really hope he coaching too late but while and the key it's a good choice. And avoid the bad and everybody listening you don't know. See these duplicate tomorrow you didn't feel better because you need to better truly believes that short term. Know winning the fight for ourselves but it but it and then it turned the overall brain effects of the route the we'd be trying to operate now it's not just they're twelve and about pulling growth and there'll just be. And those changes when he either green or what I call uncle Romo. They're talking for weeks it the week of getting that. No more robust anti depressant effect and and then the that the longer term and would be appropriate that we do we lost a lot of people. That you know six on down the road you have more money mr. eating animal might await more connected to your food got a lot of weight and feel better so. Those are Canada. The timeline of the brain. Doctor let's say that I have a real soft spot for a five guys burger and Fries and despite my best efforts. I still have one of those every couple weeks or so is that something that completely. OK to do occasionally. You know it better now it differs some places I've got. A couple. Well I look for their prize. And I over the pit area about national Rick decade. In the than that we developer comprised within their number but there are ways to do it but. You know the basic idea is don't every diet based on fast food it's every couple weeks get a hamburger and Fries I don't think that the real any thing and it expert coax people at. I don't like the note of that accord and put sheet date yet but I'm not a minute cedar and I don't like cheating and I don't like to go to. That BP eat that burger with respect for working from there with a mindful that some people brought are right that cheap for you with the expensive for the the planet the upper current practice. And in you think about. All the police to make that healthier when we go to Wendy's black who are hit because it's inexpensive and you can we get double vegetable. Up to help piecemeal but twice as many vegetables. And are able always space even as the restaurant chipotle is a great example. Police sent to be you can go and you can order in a way that's awful your brains beat in the little complex being in that Colorado incorporate he has. And even with great currently. Very good outstanding doctor thank you for joining us day we really appreciate it. That might put a book written that check. What they did indeed common that we didn't. Thank you recruit but he hurt eating kale. Outstanding thanks again that's doctor drew Ramsey and assistant clinical professor of psychiatry Columbia university. And it is national. By chance on having any detail and chicken salad for lunch others you know just day. That was what I desire not just by chance of it by eEye yeah it's. Eating healthy is kind of a pain in the neck but really it's it's at first it is his first round though like that's giving example China. Is really good for an opponent be takes like 510 minutes to cut one. Random bytes lies to its white grapes. Grapes are good for him to date there at all after that today. But he you know preparing salad it's easier to elect he said go ordered Chinese food than it is to prepare ourselves and eat healthy that's the downside is true. Eating unhealthy is cheap. And it's easy it's fast. It's also bad for. The Dow is up a 150 points the NASDAQ up 26 points Russell's up six points everything is moving in the right direction today. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing calling 8776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender. And MLS number 449250. Subject to credit approval leader bank a step ahead do you think you have enough money to last for your retirement. Think hard because if you don't the Armstrong advisory group has a brand new guide this month called how to develop a retirement income strategy. Did yours today by calling 803934001. Or downloaded right now on our web site Armstrong advisory dot com securities are printer securities America incorporated member been -- PC and advisory services are for the securities America advisors incorporated Barry Armstrong represented a Armstrong advisory group the securities America companies are unaffiliated. Many of you listening today are most likely nearing retirement age and if you haven't dug deeply about planning for your retirement Todd lets you as a message for you there will help you through the process many view or listen to Todd for years on the legal exchange radio program know that he's an expert an elder law in the state claiming so you're just starting -- into the retirement process you're going to want your trust documents to be prepared properly so -- your assets are protected from the nursing home it takes five years to secure that protection and you need to make sure that you are wasting your time in your money on legal documents that don't work this month Todd has written a brand new guide told designing the income only your inevitable trust that contains the specific language that must be included and more importantly language that must be avoided in your trust in order to protect your assets from the nursing home it's yours for free. Luckily 8668485699. Minutes 866845699. Don't delay did your guide today at 8668485699. Or downloaded right now from our 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 -- 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 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 781641869178164. Hoping income while you're in retirement you worked all your life and you've accumulated money in your higher raise your rock fiery Asia for a went Kaczur for a three vis your pension plans all that money you've accumulated it then retire and you say well gee I need 3000 dollars a month I need to design and develop income from my portfolio how does one do that in today's market shock when interest rates are so low. Well it really is a challenge because you don't have the fixed income options that we used to CDs bonds that were yielding 567%. That does not here anymore and wanted to take our treasuries like 310. In one of the real challenges I think is being able to keep up with inflation if you're an instruments that are always yielding two or 3% and so the conventional wisdom is hey you take your rates attractive from a hundred and that's how much equity exposure you should have I don't know that necessarily holds true for everyone today simply because if you're in a portfolio that sixty or 70% bonds I think you might struggle with keeping up with inflation over the next couple decades what about factoring in what you're living expenses are how does one do that yet to make sure the have a budget put together before handed figuring out what you actually need and what your retirement looks like that's a big thing that you need to figure out Ari can move to lower cost of living area there's certain expenses that falloff. Those are things that go into the. Whole process folks if you click to receive our October guide its all about generating retirement income from your investment portfolio called all free 803934001. That's toll free 803934. Is euros or one the October guide will help you understand how to better generate retirement income from your current investment portfolio you can download the guide immediately by visiting Armstrong advisory dot com or call 803934. Zeros or one. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated precious. Medals are Smart meaningful investment one ounce and 110 down silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold locally we just make sense of leader bank a call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader bank a step ahead of time for 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 -- annual percentage yield ten dollars mass residents only he's may reduce earnings rate subject to change without notice member FTSE leader bank a step ahead. Hi this is very Armstrong and I know that many -- -- who listened to my show are retired or nearing retirement age if you don't have a sound financial plan to -- you -- enjoy your retirement you need to get my brand new guide on how to develop a retirement income strategy this guide will help you understand various elements that are critically important to your plan whatever you saved to date passed the last for the rest of your life so you're going to want that money to continue to grow over time even when you start drawing from it another consideration is the volatility in the stock market we've seen the bull market continue to flourish but there have been many considerable ups and downs along the -- C need to make sure your portfolio can handle that call me right now at 803934001. And get your free guide how to develop a retirement income strategy that's 803934001. -- download it right now on our website Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated hi this is Barry Armstrong and if your landlord or property manager I'm sure you've heard me talk about -- rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to attendance -- call the Z deposit teen to get started at 78164186. And 91 that's 7816418691. Or visit them online and see deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world stay. Informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the very Armstrong and chuck Exxon. About six months ago we suggested that the stock market had underestimated. The impact of the tax cuts. And I think our estimation they turn out to be correct because the Dow is up a 132 points and yet the Federal Reserve. Saying that this is almost. The too good to be true economy lot of evidence chuck that this economy the American economy is just ripping. Yet continuing just to hum along at this point I don't think there's any data right now that suggests anything changing. Really by the end of the year probably even in the first quarter there's some stuff out there that suggests to me have got some questions as we looked the second half of nineteen got. Right now it's all systems go and there's plenty of time for those questions will be answered. And we say pay those were concerns but we figured out hey we were all able to overcome them. Eighty peak reporting this morning that. Private payrolls grew by 230000. In the month of September that's a big number that's just private corporations. And how many people they put on the books I like the ADP data it's gotten more accurate over the years. And the data is only eat it if actual payroll these are payroll company's ADP one of the biggest apparel companies in the country. Saying this is how many jobs we added through our payroll system and then giving us and interpreted number on national basis actually. In starting to like this number. Better than the BLS number as the BO last number is just a survey to phone service. It is me keep my ADP extrapolate this is well yup in the they don't handle every company in the country an alternative of a chunk of the market share lead you then sent it up then and paychecks of the two dominant players in the payroll business. Yet I mean look they are one of the biggest. Companies it in that space by market share. But if if we still take a look at you know how big they are overall mean it's only about 17%. Yes so it's they're still extrapolating to the rest of the the economy and saying okay here's what we think is going on. They are the does I believe Bob biggest one as you mentioned paychecks is you know kind of in second place there and and then you've got a number of other ones you kind of trending up there as well. Well coming up it's it's a good number and it does it suggest there's not really anything in the next three months in that is likely to slow down the US economy and if you want further confirmation of that. When you take a look at the prediction for the Fed Funds and where you know do interest rates are going to be going. If we take a look outfit to the December meeting right now. Currently any 78 point 8% chance of a hike. A month ago at seventy point once this is saying they were moving towards more certainty of a hike in December. Terrorists you know with the job market being as strong as it is in the economy being as strong as it is. It boggles my mind as to why anybody would be working for lift work and then maybe it's convenience maybe people just like driving around or maybe look at it is almost like volunteer work. He is effectively if you're driving for humor it's almost like you're volunteering did you make any money. Just about when you factor in vehicle cost whether you're talking maintenance depreciation need gas anything along those lines. The average hourly pay the median hourly pay. Would be about nine dollars and 73 cents an hour when you factor in those caught. Well and that's if you accept the error. Interpretation of vehicle costs five dollars an hour which could be significantly higher well you're gonna burn at least two gallon gas are in an hour. Probably writes reviews that say burning down gas at three bucks right there then the Wear and tear in the depreciation of your vehicle I've got. I I I look at these numbers and I remember talking to a tucked a number of people that drove my my son one of my sons drove trooper last year. He quit after. A very brief period he said dad is just that it's a bad deal that my nephew did he quit two but he didn't like he said it if you do the math. It doesn't see him making money. You know what I was thinking of and it's it's counter intuitive factual then. But you know what one of the best cars would be for driving for over. In a sailor at the Honda Civic tussle. Line no maintenance. No maintenance and you get free electricity you know so take it easy and free charge you look at this and you say geez something like that grant in I'm not saying you know by Tesla model S to go in Iraq driver over I think that's not a very but what I'm saying is look if you have a model three that you just bought. From you don't have to worry about the maintenance that people were driving gas engines every few bottom model three you're not gonna work for ten bucks an hour I'm just saying like it's counter intuitive but in electric vehicle. Takes away some of that as secure and does that cost it does say the the more I look at this model I think Hoover and lift are gonna struggle. Going for because I think people are catching on to it. And saying seems like the way you make money for these companies if you work really bad shifts. And you work seventy hours a week in order to hit those bonus levels that you need to hit. In order to get that 500 dollar a week. Bonus. There was a in this is a report from NPR just seven do some additional digging on this just some I'm curious here. There was a study that was done by a professor. At MIT. And that said that the median pretax profit from Hoover driver's point 337. And our after taking expenses into account I believe and also. There was another study that was done that showed that only 4% of Hoover drivers worked for the company for at least a year. Had a couple friends who are retired they do it. And they just acknowledging say I just do it for kicks and he gives you set to do during the middle of the day they don't get up and go to the gym. And then 10 o'clock the turn on their app on their way out of the gym and they'll do few runs the you know they pick anything up but they don't make a name. Gays think it's it's like volunteer work. Yup it's beauty it was originally branded as he can make really good money doing this in in lesser work in this crazy hours as you said you 6080 hours a week. You typically not hitting the bonuses to make you pay off in the any away mole rolling out these self driving taxis. This quarter yet don't don't plan on being an over driver for life I think is what we're saying. JC Penney tapping the former JoAnne store CEO as the next leader all I know I read the story. And she got a one time cash signing bonus of six million dollars you notice she didn't take it in stock. Yes she didn't Internet partly because there's not a whole lot of value left in JC Penney's stock was not as etiquette dollar share it's a dollar seventy a share. You go back to the pretty Ron Johnson are so while back to even the pre financial crisis to put in perspective how far this company has fallen. On April 27 2007 so little over eleven years ago. This company was worth 82 dollars a share. Would you like why is is there anything that can be done there's no money to revamp the prod the plan. And trying to understand why she took the job. Six non box. Well now debit either it's if you get if you can get JC Penney to pay you six million box you could get someone else to pay you six are up. Maybe she has a plan may be she thinks she can turn it around I just don't know with the turnaround plan would be for JC. Simulated tracker the sale of the sounds like 1% year over year and the company lost a 116 million dollars in the last quarter in the last year I'm sorry. It's. I mean this this is a hail Mary like it's it's I don't know how many. Chances they have left at this point to try to keep this company afloat it looks like it's heading the way of seers witches in circling the drain right now. But they have yet right they the they've got a whole bunch of debt it's you know but Macy's is staying focused beat they have basically some really valuable real state. JC penny he's got some but not what Macy's has no basis has some really valuable things here talk about a 530 million dollar company it's. You know mate maybe she see maybe she sees something that no one else does you know made up yeah maybe she does say a publisher liked me I hope it goes it's this is one where I certainly not gonna blame her for any problems that happened here is this company in my opinion is. Think doomed is the right word from. But it's it's an uphill battle for a tiny pictures. Take coming up we're being joined by a local banker he is the president and chairman of leader bank. And he's gonna talk to us about what he sees locally. About eight as it relates to business confidence and business lending lot more to come on the financial exchange. Have a question for Berrian junk. Now you can text us at 63566. And take part in the show at any time. Start your text through keyword Barrett and join our exclusive club days as the financial exchange radio network. Hi this is very Armstrong and I know that many view who listened to my show are retired or nearing retirement age if you don't have a sound financial plan to -- you do enjoy your retirement you need to get my brand new guide on how to develop a retirement income strategy this guide will help you understand various elements that are critically important to your plan whatever you saved to date passed the last for the rest of your life so you're going to want that money to continue to grow over time even when you start drawing from it another consideration is the volatility in the stock market we've seen the bull market continue to flourish but there have been many considerable ups and downs along the way C need to make sure your portfolio can handle that call me right now at 803934001. And get your free guide how to develop a retirement income strategy that's 803934001. Rican download it right now on our web site Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Many of you listening today are most likely nearing retirement age and if you haven't dug deeply about planning for your retirement Todd lets you as a message for you there will help you through the process many view or listen to -- for years on the legal exchange radio program know that he's an expert an elder law in the state claiming so you're just starting pouring into the retirement process you're going to want your trust documents to be prepared properly and so is your assets are protected from the nursing -- it takes five years to secure that protection and you need to make sure that you are wasting your time in your money on legal documents that don't work this month Todd has written a brand new -- told designing the income Malia read the global trust that contains the specific language that must be included and more importantly language that must be avoided in your trust in order to protect your assets from the nursing home it's -- for free by calling 8668485699. -- 8668485699. Don't delay did your guide today at 8668485699. Or downloaded right now from our website legal exchange showed dot com. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently and believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. Eat six to 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 78186211. 90 hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to Tenet's -- called the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them on line and Z deposit dot net member FDIC leader bank a step ahead. The financial exchanges. All ordering and and also now in West Palm Beach, Florida. Check out our web cited financial exchange showed Doug come and find the station closest to you. This is the financial exchange radio network. If you really want to know how the economy's doing you talk to a banker line there talk in the business owners their talk into. People who have. Checking accounts and savings accounts they have their feet on the ground in their talking to people. Just like you and me every day we're joined today by sue shield to the who's the chairman and president of leader bank. So she'll thanks for covenant. Richard batted thank you so much fun having me at the end actors show. I think this is tired of full time I have come here and and the dynamic com I enjoy being on your show. The sun about SBA loans. And you guys like I guess your number one in SP. Lending as a relates to community banks. What type of business owner is coming to you for an SBA loan. Soon lead to being cookies in number one as Ian and among the community banks and it can be and okay. Aimed at the people who come true fighter as he has known the these funds who have already been established and the line to cool of the business men and the end looking more ones. Or we kept customers who'll starting your day in your business and be right arm to your local bank community being open who understands. 02 and it's my business owner. And become classified. But when loans held out onerous as the paperwork to do an SBA loan do you guys help them out like say I have a restaurant and I wanna. Expand my restaurant. Duties that the you know paperwork for any business on a pay to pay for can be a nightmare. It's very it's imperative that the technology. He has become that he easy to doing Caspian and then if somebody sticking its month loan under 50000 dollars. He's in these Avon peaceful people baton from. The credit his team. And the business department that would be game given known to them. But even even electric five million dollars or people who look consoles my movement and how long enough says that change. To quote handle all of that is not a moment SBA loans up to five million I mean no kidding yeah they do. That's so when you're doing an SBA loan what kind of terms league. That lets say you wanna borrow couple 100000 bucks. You know deep pay that off over fifteen years deep pay it off over five would have troubles most of the SBA loans between seven to Kenyans. The based on the size and the need to do some but it could be even ideas. But like 90% of the loans we do and I seven in all some and we extend them and interest rates fixed on those sushi alert and a variable. Hate this bull we operable kind of played the view today it's as well as the ability to. From a game based upon the business Monday and and the need. If you had the ability to its type of but I aim. Could be I'm not something. And if it to fix they'd be usually end height 55199%. For its revenues and that changed so. Give us an example perhaps a few ten. A client you were able to help but not their names or anything but just like an example of what they used the money for and what kind of terms. So to gauge example of him we have a client. Holman effect. Knock of ways which gets sold that. Tedious stools. And it. They might believe that he food and the run pick and produce a more toys and became too and we've the in my. And but yes sending actively used to a descending rain event but the need gated. More money to men packed. Into the game the last week you then he Meehan on the line of connect. Between six months that produce the new ways. They marketed it. And it would be doing okay and deducted a point that they have come back lot and that did good credit when they came to you right absolutely did they have established business they have put relationship we have to have first that was this is two years go to your tax return couple refused Dexter and cycle score what 74750. No press my business that you know we understand sometimes. The had to be easy to ending their business to success to be the job done moaned it's eternity that score well because the contest deeper than look. We believed in one payment to two payments we don't penalize them patent. May you guys also a leader bank we're joined by it is famous issue to me he's the chairman and president and founder of leader bank. You have deposit products and he knows notice because I read the commercials and six and again. These rates are pretty high. The wire your rates higher than some of the big established banks. So soon lead to think I mean we we understand that Chris might need to. Have the best eight (%expletive) him and market accounts will be its he deviates. In instead of like a phenomenal would need and having them come and negotiate and chop down we preventing that he attractive and to us it's. And the Christmas come watch for that to deposit the stupid constantly putting the ad. Family and friend. In and we we have a we have the best lending platform. Industry so weekend. Couple those deposits to work to lend money at Christmas one looking Fridays it's my business loans and home equity loans. Order portable mortgages sold so Ricans and those deposits victory can be yup that's how we can afford to pay high interest rates on money market account and known to. Now has the eat the rising interest rate environment you've seen the Fed raise rates several times a degree another hike in December couple more next year anyway. Sat help or hurt a banker. The unity and a dieting picked environment on these parts because and hurts the consumer to. Because the the smog businesswoman whose body in many they have to pay high interest Newton on the many days the bottle. And that gets a chance for it true the concealment to keep should look at it especially in Massachusetts. The unemployment aid. Is he in happens sent via the inflation duties if he went to certain and beat the high inflation data. It's hard to find Lucas. You have to pay more money it's. It's still to go back out gets transferred to consume right. And did so for the banks that if the gates cooped it actually hurts it behind a bank statements the consumer okay. Gold points lead for years. You've you've been selling gold coins out of the branches. I've yet to find another branch bank in the country that sells gold coins out of the branches where did that idea come from. So so it's. In no case to definitely be having is the only one that we know op. Who said the quote lines what did you yet from India and in India and gold mines and local resident paying that the people who are part of your culture part of the attempt. So then you open the bank and IA used to like that's when the comment this team. Dubai Levy he's India's new yet it's coming up how can we by coal mines and they've been corporate gold mine in that. And the head of the deed in those days you have to keep the money you're pleased about it after two but he used to quell the couple points. I had to keep it's good vehicle Martin that we stock warplanes. Idea of them and because I think I mean. My physical plane ticket and uses it dipped so we started this business of art he thing musical. And no we market to attend the so many people who come into it. There is gonna ask him that day is is it popular because. Like I would rather go to a bank to buy gold coin that I would punch. Absolutely. These are confident that there would be connecting the or wine each coal mine is numbered. Certified. And we we know that not of first off he says. Who want to do plan to do this if I get a mending them bull by equal wind speed is actually buy them back. To Delhi we have it let's say I've bought gold coin today. I can go back to leader bank in six months five years itself absolutely you can come mean I view content that will mine back. Does the mortgage business gave rates are up is guy I've I've housing sales are down in terms of volumes and sales. Man that's a tough part of the run in the back. So to you know them will be business continues to be I mean it's it'll settle them out but it about before but leave debating keeps him among open test. Mortgage lender. Investigate among two of them. And did you simply happy is because we capacity platform. Happy to bank we have the best suits people who love working with me and trying your best rates my niece just he's you guys to advice she bought a house in Framingham. And she used leader bank. And said huckleberry. In the best rates they they beat everybody by at least an eighth of a point so that you do we have the best news is that why do we do. We can negotiate the best it's become an investment where we have problems too. And we passed on tools savings in Baptist. Sports I can testify I've got to my mortgages and agency my niece just used my son. Used leader bank for his mortgage so you hit the whole family the whole thing and end. And menu fewer listeners that he so recap so many plan to come into that. Being that we see how did you hear about it lead event all the added to Michael one we heard yet about his. Fund mortgages (%expletive) up by this. Bundle might bat him but insists he'll we have to get out or run out of time here but thank you very much for joining us that's a shield to ease the chairman and president. Of leader bank. The financial exchanges and live 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 most likely nearing retirement age and if you haven't dug deeply about planning for your retirement Todd lets you as a message for you there will help you through the process many view or listen to -- for years on the legal exchange radio program know that he's an expert an elder law in the state claiming so you're just starting or into the retirement process you're going to want your trust documents to be prepared properly so -- your assets are protected from the nursing -- it takes five years to secure that protection and you need to make sure that you are wasting your time in your money on legal documents that don't work this month Todd has written a brand new guide told designing the income only read the global trust that contains the specific language that must be included and more importantly language that must be avoided in your trust in order to protect your assets from the nursing home it's -- for free by calling 8668485699. Minutes 8668485699. Don't delay did your guide today at 8668485699. Or downloaded right now from our website legal exchange showed dot com. Hi this is very are strong and I know that many of -- who listened to my show are retired or nearing retirement age if you don't have a sound financial plan to -- you do enjoy your retirement you need to get my brand new guide on how to develop a retirement income strategy this guide will help you understand various elements that are critically important to your plan whatever you saved to date passed the last for the rest of your life so you're going to want that money to continue to grow over time even when you start drawing from it another consideration is the volatility in the stock market we've seen the bull market continue to flourish but there have been many considerable ups and downs along the way AC need to make sure your portfolio can handle that call me right now at 803934001. And get your free guide how to develop a retirement income strategy that's 803934001. Rican download it right now on our website Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities American companies are unaffiliated are. You having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy 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 calming at 781. 862. 119 B that 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information Massa master license number 10183. Again the number is 781862119. No. Hi everybody it's Berrian chuck from the financial exchange you were having a conversation today. Regarding retirement income and chuck it strikes me you know we go to work every day we put money and are 41 K plans typically it's going into. Mutual funds or exchange traded funds that we're using to accumulate wealth. During our working years high earning years. That whole equation changes once we retire and we hit age 6570. And we say cheap son of a gun I need to take some income from a powerful. You gave it really does change and specifically war go to Morgan income generation mindset and it's difficult today because if you look at a lot of the ways that people historically did that CDs yielding 5%. Bonds yielding five or 6% her you don't have those tools available anymore seat need to make sure that you're still adapting your portfolio to the new demands of retirement. But you need to make sure that using the right instruments and so that can be a combination of dividend paying stocks it can be equities that you simply think gonna grow and pull little principal off there. As well last in the right mix of bonds that can generate some income as well what about municipal bonds is that something people use. It is of particular fewer in a high income bracket it's something that a lot of people use that we tend to target simply because the tax efficiencies you gain there can be significant if he'd like it. Copy of our October guide call 803934001. This guide will help you. Design and develop retirement income from your investment portfolio 800. 3934. Zeros or one or can download right now by visiting our strong advisory dot com. Armstrong advisory dot com or 803934001. Securities offered to securities America incorporated member finreg SIPC and advisory services offered through securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. And well. Larry chuck in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network. So we determined earlier in the show that Tucker's wife is having little boy and that's a heavy favorite in the family violent. Food is heavy odds. Heavy up there. Ultimately after the boy is born I'll tell you why. Boca among among teen girl. Aria that night not that I'm like Rudy mania and that is a poll question would be a toss up question you know boy or girl be tomorrow. I was who won in my my wife's friends over the weekend had one of those gender revealed yet in newspapers again and dedicate the pale by Purdue the late pop personally like confetti. And stuff like that. And I was right on that one. Maria decision right once that I did you flip a coin I got a track record of one yeah. So you're saying in knack for once so on just Syrian one for one. My idea the the reason night I bring up talkers. Pending fatherhood. Is I would now one of the parent. The eight that every young child technically stood there with canola county of the young child trying to raise a child does. The first of all you've got computers generations says that bill early heart you guys haven't part because. Your your your raising a child yet to be sure they don't use their phone or tablet to go on the Internet have a legal cannon's right here at marijuana is an doesn't bother me. You can narrate and now this thing any ability I still over the are easily times. I still don't understand what jewel. JE EZ UL yeah mine don't that is it's it's a maker it's a brand of sicker I'll cut it out anyway. It's twelve year olds are used in the stuff like crazy. And. No one really knows the long term effects are good probably not good because there's nothing allele in it it's flavored tobacco. Any and what notes it it's flavored nicotine effectively. It it doesn't have any it's it doesn't have the smoke necessarily yeah but it does have all these chemicals in the that we really don't know how they react to human body. And and so the FDA. Conducted a surprise inspection. Of jewels headquarters that's all we really know. Yet the the CEO Kevin burns said the company had quote constructive and transparent meetings with inspectors who which means we were. Scared out of our minds and gave them anything they wanted because it's the FDA. But it's that there's a big problem tell you it's you know again my my wife's a guides us straight she's in a high school and high schools. She says this a problem after. In what way they do is our neighbor always using it. I think kids addicted because I I heard one I was talking to a friend of mine who's daughter. Was like. It had addictive behavior towards. I haven't heard I've gotten any detail on anything like that but she says it is all over the place everywhere. The the FDA commissioner says it has reached an an epidemic proportion. It's in in and the problem is. But he. Your when your wife is that he preschools current using two priest know they're not the problem is we don't know how this stuff affects people in the long term and especially when you're talking about kids you know there are more sensitive than adults because their brains and their bodies are still developing and we have no idea how this affects. Anything in the long term to. Yeah you can easily hide these cigarettes too because they don't really smell in their tiny also right. The but that's the other thing about marijuana you and me tree keep your son away from one at least until there are now five masters. Because it's it screws kids to eat these kids are used in smoke and weed when they're thirteen and fourteen soccer and a lot of them have big problems are big problems there. UC emirates are not only do you get financial advice on the show you get candidates get parenting style once you're not you're gonna say. I have to fight that everything Barry tells you is going to cost you money I apply here. Five children's worth of experience now not all my experiences good experience but you know. But most valuable experience the bat one. Well yeah that's where you work you know we're greatly from when things you don't want to act case on an expert I think that's getting nobody knows more about it than it that night. How much you should walk during the course of the week in order to see major improvement in your health. You know things like that catch my attention I'm I'm reading FC that article I say. Has nothing to do have something to do eyes as if you're healthy saves you money you if you're you're going to be more productive as a worker at the doctors much gym memberships of just how much do I have to 22 minutes of. Eight or thirty minutes five days a week 150 minutes per week is only laughable that you have to walk. Fast enough to your heart I guess it's not just. You don't wanna go for just a leisurely stroll winners of the those in so huddling up that our nation get one of the heart monitors. It's not a bad way to go about it or you can do the old fashioned way receive a community to figures put it on my restaurant my neck and figure out you know count to ten Bagram people's had a lot of time. It's lot of maps Automask. You know and you might you spotter for them as if there is you know the problem that the year that method use it to watch the clock and count the same time. Looks like walking and chewing on the exactly you know no argument that you know it's very difficult I've tried it's not easy. He is though you've you've got to elevate your heart and what is. Would you be opposed to us getting those like treadmills under our desk while we do the show now I think we should do that tonight on. And and and create electricity that we are electric power pastor or if we wanted to do something in the time it looked more visually appealing. We get hamster wheels. Do the show from inside a hamster our viewership would go up only a little wanna watch this fall is a little water ball you have the water bottle he adamantly wood chips are on the water. 150 minutes a week doesn't sound like that much. No it's. It's look it's not and it's it's something where you just have to make you conscious effort even if it take immediate 10 minutes in the morning when I get up in the ten minutes at home his. For some people it again if you have kids it's tough to find you know half an hour. Every data do this but you can find ten minutes two or three times a day. What do make of this stuff up according to one large study of older adults that would be meet Tucker okay. This is public every Jeter American. American journal of preventive medicine looked at 62170. Men and 77000. Women. People who walk at least 115. Minutes per week. We're about 20%. Less likely to die then in active. Adults during this thirteen year study says it wasn't likely studied it for ninety days this is something that's been going model. Yesterday it's the more that you read it it's just a base level of exercise gives you a ton of protects against all tickets there's those that watches became so popular right. You know steps in and it became unpopular as ever when couldn't get to their 101000 steps and so they hated themselves and then they got rid of fitness. Ali it it's all it as you get older you guys a fine. It is harder to find the motivation to exercise. Because it hurts it dates like the right now yes yup right so. You go to the jam irony notes at hurting. Wait you neat arts now try to be in sixty and and and it really. Use your recovery time is longer. It's really worry. The the other thing you'll notice as he boulders it's hard to get in shape so let's say you let yourself go in and you say you yet come to Jesus meeting and you try to get in shape. Pixel time not fond instantly sucked girl. The thought that sound and healthy it is it's easy for you it is in any. Have an avocado. Five myths about millennial turns out you guys are not. Is screwed up and is bad now as we know we largest and not in ways that people expect of if it's always wondered about this neo would admit that the number one colonials don't save for retirement. Well you your you don't do any worse then I. Now you know they'll generational you don't save for retirement their points that's that's generally what we found one thing that struck me though. Was that more than two thirds of millennial simply don't have retirement plan. If they're allowed to contribute to is that consistent with what you hear among your friends know. I don't know anyone who doesn't have access to one at least but that's this the study. Is saying two thirds don't have it like look at a lake if you work for start up maybe that it nearly worked for start pretty a lot of those don't have. Yeah could be something along those lines. But you know he is something where. You're not seeing different rates of contribution in millennial than their new parents necessarily saw. When they were able to contribute once you saw your retirement plans that pensions. See this one I I do think you guys do millennial below their money on frivolous things. In my observation. And I own five differently needles. They. Face day in and if they spend money. In a frivolous bash tells of point example count I'll give you an example. They've got student loans yeah right and they plan these exotic travel vacations. We knew the student loan you have your worse than being pork. You have been negative net worth that you cannot flesh right so if you're a student long. He picked it pets like your house is on fire pay that damn thing off as fast as you can. I don't care they give the bank gives you 1020 years you've got to treat it like your house is on fire. Counterpoint. Collectible plates. No noble ideals by them. Then you go into just about any how's that as someone between the age of sixty and eighty and have a collectible plate display of oh it's the set of twenty that you know at a time like you know you know those are known that China that they could sell those for a lot of money actually cancer it's a problem along with model trains mocha or model trains them. So I got. I agree model trains have put a lot of people bought all these Lionel -- -- -- be able Selma they'll be like financing my retirement thinking there's no market for no one buys them now I have a great set that my dad finally gave me this year that we and his acute we've got five engines OK and he's a setup and are living room every Christmas dinner you guys headed up in the basement you got to build the whole tables so I'm I'm gonna try to build elevated tracks also on the walls and stuff like that I'm gonna have to hold your wives can only do that she gave me the basement. All the based she gave me only idea yet yet downstairs as me that's there is I have no control he had a I have I have no control above ground showdown eagle eye on what time in the basement. Oh yeah this well it might be the door is conversation error why the complete replacement for the like trains. Mullen deals are job hoppers that's a myth. Guys are not job hoppers my first job after two days that makes your job and job hopper. Colonials are an ambitious. Normally is still by houses. And. Ed I think the big thing on all of this new is just that. Demo deals are behind on some of these things but not as behind as most people. They act accurately it's it's. It's just the each that your rin. And old people like me are looking back insane old CEO and all the mistakes that we made. And and trying to admonish you to not make the same state what are you help us to make. We do we do expect yet sent ahead. Up next week talking about what higher wages mean Ford dominos and mcdonalds. They're have to pay a higher wage rate has it that dominoes. Well we'll talk about it when we return. Be a part of the financial exchange in an instant by texting us and 63566. Start your extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Break here on the financial exchange radio network. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to attendants -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. Many of you listening today are most likely nearing retirement age and if you haven't dug deeply about planning for your retirement Todd lets you as a message for you there will help you through the process many view or listen to Todd for years on the legal exchange radio program know that he's an expert an elder law in the state claiming so you're just starting pouring into the retirement process you're going to want your trust documents to be prepared properly so your assets are protected from the nursing -- it takes five years to secure that protection and you need to make sure that you are wasting your time in your money on legal documents that don't work this month Todd has written a brand new god told designing the income only around a -- trust that contains the specific language that must be included and more importantly language that must be avoided in your trust in order to protect your assets from the nursing home it's -- for free by calling 8668485699. Minutes 8668485699. Don't delay did your guide today at 8668485699. Or downloaded right now from our website legal exchange showed dot com. Are you having problems the blocked sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently 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 78186. To 1190s that 7818621190. 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. Hi this is very Armstrong and I know that many view who listened to my show are retired or nearing retirement age if you don't have a sound financial plan to -- you do enjoy your retirement you need to get my brand new guide on how to develop a retirement income strategy this guide will help you understand various elements that are critically important to your plan whatever you saved to date passed the last for the rest of your life so you're going to want that money to continue to grow over time even when you start drawing from it another consideration is the volatility in the stock market we've seen the bull market continue to flourish but there have been many considerable ups and downs along the way C need to make sure your portfolio can handle that call me right now at 803934001. And get your free guide how to develop a retirement income strategy that's 803934001. Rican download it right now on our website Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Security suffered two 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. Business news is constantly break. And we are here don't break it down and show what it means to your portfolio it's the financial exchange with Barry Armstrong and jugs not a on the financial exchange radio network. Just noticing chuck that the ten year treasury bonds hits 310. Highest levels in I got 313 actually down oh boy I spoke since 2011. We're back per Euro debt crisis. In the age is that a concern immunities. Tucker's mortgage rates and Angela yet Tucker's mortgage rate is going to go up it I got adjustable rate mortgage so mine's gonna go to. You know what's interesting is even with the tenure moving into while higher yields recently. So last week we actually seen the dollar weakening the last week we finalists in moving back towards strength now. If the dollar does continue to strengthen it does raise some question marks I think you know heading into next year. But it's you know we're pretty much the same level that we were at for the last 45 months right now but if we see you know five or 6% stripped the ball of this. Then I start to get a little concerned that a strange to see. The dollar strengthening in oil gold the and Indiana will now over 75 bucks a barrel little bit ready says don't worry about it don't worry about it I may have to find something to worry about. People in the next. The vaguest I'd put it out there you know yet oil traded at five bucks. Nobody's turn heat on yet in Atlanta roll all at a story trio so. The other day in my area my mother in law. Shia decide put heat on. 00 September oh watts in its attempt September why I was well I don't know it was like fifty degrees outside of the bundle up to go. I growth I know if he did not think if you file it's like surprise on September. As aggressive on. There isn't. I'm Sharon I'm shaking just thinking of the money that I would spend if I did. I try to wait till November but it's really hard I just try to go to January I think you're I think you wait till Thanksgiving. I think get away that would what I used to do and I still lived in I know they're in not a few Mary Jeanne and stayed married to you what I used to do when I lived in a city in an apartment buildings that would pretty much moved off of people so I I would internal more out. To be in the middle floor and Charlotte everyone else you know pretty much provide your heating force that is the nice thing about being on the third fourth floor and Elian now if the heat from gamble you can't do it anymore you know now that an actual how's it doesn't work that's got to be too. I I'd love to find a way to siphon heat from my neighbor if I could but. I'd edges don't know how to do it. Would what do you higher wages mean. If you're running a Domino's franchise you're running McDonald's franchise I'm just thinking not. McDonald's. You know minimum wage there's what 910 bucks an hour. And your line cook there your cashier there. Are you thinking to yourself. Why don't have to stay McDonald's and I just go over to Amazon in dozens Amazon is higher unit fifteen bucks an hour. You have a pulse you can get a job and in this. Yet and and that a lot of restaurants labor expenses typically make up in between 25 and 30% or a restaurant sales it's bigger than their rent it is and so. If you've seen wages and again let's look at the company like McDonald's or see a lot of McDonald's jobs being posted for 1213 and our boots if you say okay if they need to get up to fifteen that needs to 25 to 30% bump in wages that you're seeing there. In what that means is also that 25 to 30% of sales that that labor expense used to be is now thirty to 35%. So reiterates price question is do they raise prices by a corresponding you know five or 10% to match then if they do raise those prices they still keep people coming in if the value isn't quite what it used to. So what do you think do you think he start to see some of these lowering franchises go out of business like if you're running a Domino's do you just say it but it. Orange an Arctic about a subway. The subways labor intensive lock into one of the stores even less boss or had three or four workers there. Yeah it's I don't know if you see like that the big names here again you Domino's of the world your McDonald's of the world that I can go out of business I think they have pricing power. And the ones that are a little bit more questionable that maybe don't necessarily. Deliver the same kind of value potential pole to pole is gonna have no problem. Different customer than McDonald's the other labor intensive it didn't cost me though to figure out how to do that robotic. Values that say. Robo burrito. Robo burrito I may add reports that. Now how many people it would be fascinating when you when you go to chipotle though pretty good about how many different people you're worked in the renteria three you've got the person put it actually four and some Casey got the person who first put the tortilla down and get the person who in the meeting the other stuff. And usually have a Glock and special person and you've got the cash register person. I mean it's that. It'll be curious to see I think what you're going to the end result will be most of these will stay in business prices will go up. But the workers if you go from ten bucks an hour to fifteen dollars an hour. That's a 50% waging that are big bond and big diesel for twenty grand a year to thirty but they spend it. Here's the difference yesterday that. That guy that makes goes through their wage goes from ten to fifteen they spend every nickel of that five dollars more per hour that they are making it. Will be good for the economy in the long run the other thing that's done is on the short term it right the other thing that does is keep mine a lot of those workers that are at or near minimum wage are collecting an awful lot of benefits whether it's food stamps whereas housing assistance so by getting higher wages it reduces demands on those programs and actually cleans up things. From a budget first great to see happening great great to see happening. Markets in record territory and in the market is just rip in the Dow. Is up 141. Points at 2600915. Yes the piece up everything's going the right direction. With the exception of of oil wells when he took to build 7543. Was seen a moral right here and and the financial expert.