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Full Show 10-11-18

Oct 11, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. That's Thursday here on the financial exchange the day after. An 800 plus point drop on the Dow which you know that it's all the headlines. The fact those that the NASDAQ was actually the index that was hit hardest yesterday with tech shares fall in north of war percent. And as we take a look at where things stand today. Couple indices bouncing back in early trading but it remains to be seen. Exactly what holds up over the course of the day tux on and Peter Howe in studio today Barry Armstrong. Continues his absence this week. I don't know where he is but he somewhere. I produce in a very lovely European city well that sounds nice and errors are down. And not so much are but what starts with a pay. But yes and he's he continues to work travel the world this week but we've got Peter here Peter's good to have you here in a week I sat down the on the couple months ahead. While retreat back. So let's let's talk a little bit obviously all eyes are on this market from yesterday in what was going on here. Specifically you know we had this this market that it started kind of business Malays in the morning with paid huge down 6070 points. In the and really just accelerated over the course of the afternoon I'm curious to your thoughts on what you thought was. And you know October. Net of not to tempt fate but October 10 to be a bit of a squirrel that month is Dutch market you think of most of the bad. Really bad things that ever happened in the stock market and in the major at my bad things about a month of October so. When your up this much it's these people be skittish and sell first ask questions later. Couple numbers I apologize in advance you're gonna hear me coming back to over and over in this morning. 22830. Points 68. That's for the Dow Jones Industrial Average closed. A year ago today right now it's 25597. Still 10% over the last twelve months 18126. Point forty on October 11 of 26 team. It's more than 7000 points instantly gonna take the one view. You know if deal like yesterday makes you freak out and wanna dump everything. You probably don't wanna be in stocks or you wanna be giving your money to somebody who's got a little more of an iron stomach and can. Right through times like these so I would say you know don't be Pollyanna but don't freak out. Well it in I think there's there's a couple of important things to keep in mind on this the first question that a lot of people have is look why the heck did this market. Take this dip yesterday we saw you know 800 points down what what actually caused this dip. There's obviously a lot of things that people could be concerned. About out there you you talked about a couple of me talked about mid terms you talked about trade concerns you talk about. Politics and that there's there's a whole bunch of them that are out there. Hurricanes didn't. Putting putting said the Turkey is to be on that came out of nowhere in terms of the size and scale back got to most predictions have that originally coming in is like count one and all of a sudden. You know had a 150 mile an hour winds kind of blew up overnight. But on any of the other major issues when we look at either domestic politics in a national warns the geopolitical space. If trade worst things like that. Did we learn anything you want any of those issues yesterday. You know this is one of these we get this thing of the stock market is like skittish. And you know sucked in a truck goes down street the runway in your cat freaks out what we're up on the counter. Where I'm going with this is we didn't learn anything new about any of those potential concerns which. I think some of those are legitimate in the long run a particular what's going on in Europe right now and in whether or not the eurozone. Can figure out help us continue to stick together you know they've kind of been. Patched together over the last five or six years with ECB president Mario Draghi. You know famously giving his whatever it takes speech about five or six years ago to say look we need to you keep this thing together. We'll see if they're able to. What yesterday we didn't learn anything new about Europe we didn't learn anything new about China we didn't learn anything new. About any of these things we learn anything new about mid term elections. What we learned and and really the key data points that we've got in the last five or six trading days. On Friday we got a job report. That showed continued wage growth wage growth for the third quarter came in at three point 9% which is significant acceleration over the last twelve months. Couple that with yesterday morning we got a PPI number the core PPI number point 4%. Which suggests that producers are facing rising inflation pressures which means one of two things either eight interest rates are gonna have to go up. The Fed's gonna push him up which is gonna slow the economy herb beat. Produces you're gonna have to say hey we can't actually pass these costs through consumers so we can't pass these inflationary cost threw less profits are gonna go down so means one of those two things. And so I look at all that. And it's also more to the dip that we saw rate after the Super Bowl in February where that Friday the Friday before we got to bang up jobs report in Bedford for the month of January. And the following week that Monday 11175. Points down on the Dow off three days later on Thursday an additional 700 plus points down. And we're sitting they're going. Who were put things happen is is is good news Vatican is bad news good what what does that actually mean and the fact is. This is a case where I think investors are so focused on the year of potential inflation which don't get me wrong but I think that's out there to. But I think the couple that with the fact that Jerome Powell couple days ago said. Yeah we think we Stovall ways to go on interest rates we don't think we're anywhere near the neutral rate we're gonna continue to hike and we're gonna continue to move forward. It I think it was just this combination of things if you look at what actually changed in the last week. That was the only things that are out there we got nothing new one mid terms. We get nothing new law and what's going on in I don't know about that on eight I know we'd get into politics on this but the the cap and I think has awakened the Republican base in a lot of the country in a way. Nobody saw but does that change anything from a policy perspective. You who. That's a good point because you wind up with sort of the kind of divided paralyzed at the same thing that we have now market likes with the exception of what happens in the house and you know to what extent is administration pinned down by multiple investigations out of the House of Representatives so I look at this and I say. It is not much moving in the U aside from these inflation fears and when I look at something along those lines. Those are things that the market can overcome in the long. Because we we saw earlier this year's big they did OK the inflation that we felt we are gonna see over the first six months this year. Immaterial honestly not in measurable thing you know didn't show up in the CPI the piece a year or any of those numbers that we look at. And so those are things that the market can get over what it can't get over okay if you do have a material change from a political perspective Italy decides look we can't get along with Germany and we need to leave the Euro zone. Hey that's a material change from how the world is today. That's something that. You don't just get over that you have to completely rebuild your model of how the world looks at how it works so from my perspective worries about inflation. Things that you can get over especially because Jay Powell could come out tomorrow and say. And I said this last week but here's what I really meant. And all of a sudden this whole thing goes away just like that it's done so and I tend to look at interest rate hikes from the Fed we've had bizarrely low interest rates for ten years and you know it's actually it's and the Fed. Giving the kids sugar water for ten years and the faster we get back to normal interest rates that can be lowered you know when there's an actual. Economic downturn to stimulate the economy the faster we unwind the whole Ben Bernanke. You know take interest rates down to zero experiment the better as far as I'm concerned if it's a little painful on the shore in let's talk about that a little bit here OK because I think there was a really good case in the immediate aftermath of the financial crisis hey we've got to get rates low and or to make sure that the whole thing doesn't ball park. But then keeping them low for so long I think a lot of investors got accustomed to. And they stopped looking at stocks on a fundamental basis of what company can actually continue to exist if things normalized and they said. The punch polls open why don't we buys shares of Tesla because. That's not gonna let him go out appears as though keep rates the most they can keep borrowing. That's not normal though it's the Fed's job and this is but not just my view this is how other charters written this job is not keep companies in business. Doesn't say that anywhere in there mandate it's not hey let's keep the stock market up and keep companies in business. The Fed's mandate control inflation make sure the worst close to full employment as possible. Correct so from my perspective I think a lot of investors got a little bit complacent. And when they finally got down and in said she Powell signaling this and now you've got a little inflation showing up a couple places. They panicked because they might have may have been out over their skis a little. Panics are reversible we you know it's again you can you can put that genie back in the bottle takes time took three months to kind of get the market back to normal this spring. But it did so I look at this it's a short term fluctuation. I think you're gonna seek continued volatility. Do you think that's I mean these things don't go away overnight would you agree. No I mean you're at the point we're. You know. Let's remember that word nine and a half years into you know one of the greatest bull markets have all time and you know they don't go on forever and there are. Corrections and there are changes and you know you've seen in the pressure market to see treasury trader at 3.2. Dissent had seen in seven years yeah and you know when this summer they were two point eight so that's been. You know for a forty basis point move in the treasury market in just a matter of weeks is you know. Rarely do you describe the treasury market as dramatic but that's pretty to map it certainly is so let's take a quick break here and when we come back we're gonna be joined by Christine. Arson novelist from Fox Business talking about. What happened yesterday in markets that's right after this. We wanna hear from you. Tech Steward diaries 263566. And let us know what you think about the stories we discuss your team to 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 -- 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 your read 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 866848569. Million that's 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 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 coming in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 1190 that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number one no. 183 again the number is 781. 862119. No. Hi everybody it's very 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 you used to collector checks with paper checks are gosh maybe still do. Will zero rent allows you'd collect checks electronically. Jail is hoping he could spend a little bit of time explaining how easy grant works and why it's a big advantage for landlords. Absolutely vary so we we develops he rained two out of me the whole race because right now. You know as the landlord when you're getting to rain checks in the mail it slowly 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 up to what he does is it really digitize is no thing. 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If your bank doesn't operate vacancy sign up for zero it go to zero rent dot net or call them told 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. Stuck with the Barry Armstrong and chuck it's gonna fix the financial exchange on the financial exchange radio network. Well a lot of folks are still trying to sort out exactly what happened yesterday in here to help us. When winds some of the different threads that contributed to it is Kristina Parsons medalists from Fox Business increased. Dina thanks for joining us today. First. Well great to have me here you know hopefully we can now keep this up in the future let's let's talk a little bit about interest rates I know that you know from my perspective. I see a pretty clear link there simply because we've had you know three data points in the last week. Leading to suggestions that interest rates are gonna continue to move up we've seen them move up in the short term. Is that that the prevailing wisdom that we're hearing as far as what caused this yesterday. Yeah that's actually attempt at last week and PayPal with the chairman of the Fed both and I. He's relatively young puck wintry mix them up in New York Stock Exchange right now and he was saying everybody really reading into his choice of words then meet. Chairman said that the market is doing. Remarkably well remarkably strong and actually the word that some investors are interpreting. Interpreting both word says. Going to aggressively go tighter at a factory and you state when it comes interest rates so there's the fear that interest rates are going to be climbing. Higher over the next little while we could see definitely one hike this year and then three more next year. The question is is that the right move. I think that's where we need to talk about what we need that credit that you have yet to situation increasing interest rates because they've been historically well. But look at what the market in propped up on sheet. You have documented that the trillion dollars consumer debt super hi every caring that went into street I'm tired that's gonna really hurt them and hurt growth. Christina what are the things that I've been focused on over the course this year is the fact it was specifically with regard to higher interest rates. Foreign buyers of US treasuries have effectively dried up on a net basis over the last couple years meaning that as we increase our deficits we've got to finance that domestically. What does that mean if rates continue to move up as far as how much money gets sucked away from. Domestic investment and instead has to go to financing our debt. That's good great question especially because you have an option I think it was just yesterday and when you're putting more of these pressures on the market that I didn't think that they're tightening and I'm not gonna be buying. Who's going to be buying up these treasury bonds who could step in to get take over that many of the bad economy hitter doesn't fallen more of the debt more deficit. And I don't know the back end is about like who's gonna be buying it we didn't see very many at many buyers is expected. Which is why you're seeing this yields continue to rise you need tenure that at three point one where it hit a high at street report point 4%. I don't actually have answers to how we're gonna on that but that is the point of concern which is why the market sell off yesterday and in the previous stupid it is really just. Optimist and people start realizing hey I need my money out of the market right now objecting. Case things go back a little one hedge fund guide here at Spaniard stockings equally need to read million bucks yesterday. Because they were taking advantage of other put options that are hedging their bet making money off the bat. But they believe. Everything the market and climb higher within the next little few days. Christiane it's Peter that we hear so what's the mood like on the floor the Amway SE today compared to yesterday I'm a believer that the stock market is it. Little bit of a crazy animal the periodically freaks out and I wonder what it feels like today. I'm I'm literally what I feel right now everybody just chatting with each other sitting in the chairs there's no real and running around people on the phone call. Talk about. These scary October and back then and if you got he talked about that I had the crash 901987. Black Monday 820%. Down into one action and then back in nine. 1929. During the Great Depression but I think. The guys that I am talking in a few around here they don't seem and that concerns because the earnings season and they still think that there's still some more room to grow. And that the growth is going to continue I think in the long term. And that's where the hedging can then. That's the part where you need to start worrying because the growth is interesting are the crime I'd fast and it is expected with the Fed. Then you could see growth are especially because so many consumers and we corporations. Have so much. Christine as far as you know how long this goes on when you have a daylight yesterday to me. It suggests that investors don't really know how to value this market otherwise you wouldn't of seen as big of a swing. How long are most people expecting it's gonna take before. This market kinda gets back to normal in the spring when we saw something similar it was about three months before that volatility kind of left the system. What kind of expectations are we seeing out there. And that I mean I can predict and I'd hear the predicted throughout the course the blonde so far. It came in the past they've been incorrect the out. Aimed at answering that I I and an overly optimistic in my opinion lot I was here was the thought last week I was reporting here on Thursday it you started the movement. Everybody's like no big deal it's gonna pop up and that it content Katrina added not that big deal it's gonna climb higher with the nine and a half year expansion and being or. Further growth. Look at that the tight labor market things are still going high wage inflation is not as high that she could or should be there's still room to grab. However perhaps they could go back when you are not prepared and think that is the concern that I have a timeframe but. Everybody is still very optimistic. Arguable Christina we appreciate you joining us we've got to let you go now but thanks for the information and we'll catch up with the soon. Absolutely that is Christina parson novelist from Fox Business talking about. The state of the market at the moment this also dovetails nicely with our. Question of the day which is up right now on financial exchange showed dot com. In the poll question pretty straightforward how worried are you about the market sell off what is your individual investor sentiment. We have three options here they are very worried. World's ending slightly worried. And not worried at all the world is not and so. Vote in our poll question of the day on financial exchange showed dot com. I'm not gonna disclose ally fuel I want askew votes as yesterday worked in the exact opposite directions over document do that again. But please do vote at financial exchange showdown commonly does know. What you think about. This market be worried are you slightly worried there hey I've seen this before I'm not worried at all will check in with that in just a little. Bits I would nacco for an impact Shaq trade. If it's been known to work occasionally. It's it's been known to work occasionally. Let's move away from talking on the what this market is doing right now discussion of the organism further talk on that in a little bit. What's up put that aside just briefly talk a little bit about oil right now is oil had been one of the concerns. Four people in New England over the last couple of weeks just because oil prices continued rising up raiders were heading into home heating oil c.'s own especially hurricane Michael which is yes you know shutting down a third of oil production in the Gulf of Mexico and 40% and natural gas and 826 a gallon for gas mr. what you guys it's the last time the film I was 293 today. So my theory is every time hurricane heads you know speedway mobile ready cranks up the price aghast fifteen cents just I don't know what their next delivers gonna cost them an and they wait and see what happens yeah so and that's a big. That's a big bite for a lot of people. Especially you know treat people room drive big trucks all they want so I would deathly worried a little bit about the oil impact. Until we get a better handle on just how bad Michael per going to be in this still going to be some other things that we sort through over the next couple months most notably on November 4 the potential for new sanctions coming into place on Iran. With regards to their oil coming off the market lot of questions of whether they continue to trade with other trading partners European countries China and Russia. In war in you get to India as well war. If they say hey look weird if another country say look we don't wanna take the risk of sanctions on us. And effectively punt on buying Iranian oil so I think there's a lot of questions as to how that ends up shaking out in until we get answers on the I think it's gonna be tough to figure out exactly where royals Guinness settle long term is we don't know. What the political situation looks like with regards to if that'll will be sold and meteorological. Absolutely let's take a break right now when we come back we're talking CBS Aetna as that deal is approved in weird they go. From here. Like this 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 a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've that all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Cult easy plumbing. Easy makes it easy 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. 1190s that 781. 8621190. Or you can visit them on line at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. 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Met 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 -- 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 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 866848569. Million that's 8668485699. Don't delay did your guide today at 8668485699. Or downloaded right now from our website legal exchange -- dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamline the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to entered their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and even send out annual interest payments directly to attendance -- called the Z deposit team to get started at 7816418691. That's 7816418691. Or visit them on line at C deposit dot net member FDIC leader bank step ahead. Whether you're celebrating a milestone toward diversifying your portfolio precious metals are Smart meaningful investment one ounce and 110 -- silver and gold bullion coins are now available at all leader bank locations bank locally and -- gold locally that just makes sense of leader -- -- call and learn more call 8776917900. Or visit leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value leader back a step ahead this is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks -- hassle out of Wednesday with zero and leader banks all mine rent collection tool. He ran automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we'll see rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW dug see rent dot net to learn more or call 7816418691. Time now for mall street watch a look at the market's performance so far today it until Darian jug right here on the financial exchange radio network. Time now for Wall Street watch presented by leader bank. And see rent to landlords stop chasing down late payments and skip the trip to the bank now I can sit back and relax. Wall zero it collects your rent electronically sign up today at zero rent dot net or call 7816418691. For details Peter what kind of movement every scene in the market today after the big downward dip yesterday as a 53 year old guy looking at my a IRA it's great it's boring it's all going sort of sideways Dow. I've a quarter percentage point at 25534. In the NASDAQ about steady. We don't need drama like we side yesterday no we we certainly don't and it certainly looks when we take a look just on a sector by sector basis. Energy and financials still getting hit hard today both of them down close to 1%. Health care also in the red as well. The tech heaven and nice little bounce back up point 3% communications services which is in that new sector that was created has a lot of social media companies and so forth. Up about a quarter percent to some of the hardest hit companies. Bouncing back initially I think time will tell whether this is a dead cat bounce here. Or something that's for real thing that I find fascinating Delta Airlines up close to 5%. In trading as of right now United Continental up two point 9%. Makes you wonder if pass who has got a little oversold yesterday on fears of jet fuel disruptions out of hurricane Michael but that's that was an interest expressed. I also wonder what have you been did you have any flights planned that the rest the fall or a holiday season or anything it's Atlanta for Thanksgiving. What a BC price wise I'm like can't get my wife to agree on warmer gonna fly so you know it's IEP it's. Flying around Thanksgiving used to paint you know I just. Why the ticket and close mask it seems like those prices are a lot higher this year than one or two years ago and I wonder just of the airlines being able here if they're seeing. Hey we can actually push through some price increases because the demand is there right now. People learned you know three point 7% unemployment and economy doing better and you know I l.'s feel like of all the things they waste money and here fear for Thanksgiving to be with family that's something I'm pretty happy to waste money but are. Yeah toward chuck I was gonna ask are you doing your annual fly on the day of Thanksgiving this year not this year applied two days earlier voters are so go down a little bit earlier otherwise it would have been. Absolutely Fonda going alone the big things so. I'm going after rock Christmas this year. I'm heading down to while Florida for a few days then and just near get a little this on and you know kind of reset for the early winter ghetto force. And the big thing that I'm seeing is that flights are just nutty right now like 800 dollars plus unless you wanna fly on Christmas Day here on New Year's Day pretty much while so it's it's just not words of previous years you know I'd be able to find stuff. You know half that cost in a lot of cases even not on the whose main days so. It's definitely a lot more expensive it seems like Ivins got to the point where I was poking around on spirit that's a desperate I've gotten to find a cheap flight. And terrible summer is gonna come aboard but the squirrel there but by the time I finally late figured out like how much it was all gonna cost by actually had a seat on the plane if I had to carry on bag was still going to be like almost the same amount as anyone else and a so. I'd punted on that just because. I've who spear one's going to Atlantic City but you know there's difference of being stuck on a plane for 45 minutes like that and you're stuck on one for yes sounds like wow that's like a really great trip you fly on Spirit Airlines in the oven to go off the plane you're in Atlantic City. Yeah it peaked at everything kind of matches you know it's just like OK I'd I'd I know what I'm getting into on this on all accounts but I just for a longer Foyt in his Napster that it's it's quite what I want the second prize three trips to laxity and spear. What what's there more than nine trips. Anyways that is Wall Street watch presented by lead a bank in easy rent landlords stop chasing down late payments and skip the trip to the bank now I can sit back relax laws the rain collects your rent electronically. Sign up today at zebra dot net or call 7816418691. For details so the CBS at the deal finally get approval by the Justice Department huge news for art listener. It listener. Audience given that you get CBS and when second round Etna in Hartford. And part of this CBS's at least promising for now they're gonna keep several thousand jobs in Hartford for at least four years. But if this you know is a move that really kind of solidifies. Both companies Aetna and CBS. No if you seawall marketing and health insurance is so much cost pressure this will be of a very pristine field to see. If the rationale behind relief please out as we expect. Now I did see a number of states have bug granted there conditional approval to this is well I know that New York is potentially holding this up. Just because New York if they're New York if you've ever dealt with the insurance market in New York one of the most highly regulated in the country did companies effectively have to create. Specific products for the New York market so I do think there might be one last hurdle there. But it sure seems like this is moving in the right direction at this point it has been a long time coming here and you get Cigna way to big a competitor at and vine Express Scripts holding. And just everybody. Is looking at this shake up its ongoing in the world of health insurance. And pharmacy benefits and you know more more as far as we can see. For the next several decades more more health care spending is going to be going into pharmaceuticals to keep us alive wondered deal with chronic illness yes and that's the place to be. Folks apparel and order property manager I'm sure you've heard me talk about zero and the leader banks tremendous online red collection program but I'm excited to tell you now. But their brand new product called C deposit. It's not a free program that streamline the opening and security deposit accounts are totally digital experience and Z deposit. Landlords to open the account online. Invite tenants and their information remains all the security deposits one place it also automates many of the compliance headaches for landlords. Such as generating count disclosure forms and statements and annual interest payments right to the tenants easy to get started. Just called Izzy deposit team at 781641. 8691. That's 7816418691. Or is the monoline easy deposit dot net member FDIC. Wait a bank a step ahead. So apple starting to unveil some ideas about where they're going to be going with the future of TV in seven years ago if you ever read you know Steve Jobs biography by Walter Isaacson. One of the last parts of it you know Steve Jobs and amp cracked the code on how to you know make TV work on the apple TV. Seven years later we're still not quite sure where it's going but apple apparently getting ready to roll out a revised TV app instantly knew you. New new content and I find this whole space to it makes my head spin off an omen we get a story today about AT&T looking at a streaming package. Mystery about Wal-Mart look in it TV it just feels like there's. A lot of people going after let's face it few of fear. Eyeballs for traditional TV play about paper video but. You know the fact that it's taken apples seven years doesn't give me a whole lot of hope that they have truly cracked the code this time. Yeah it's like it they've been tried for so long and you just wonder especially with so much competition in that space as you mentioned I just wonder if they have you know candidate killer app that can compete there but. We'll see new kind of weird things go on that front. Let's take a break here and when we come back Adam Johnson from bull's eye briefed dot com is gonna join us talking about what was going on in markets yesterday. Whether or not he still bullish on where things go. From here that's right after this break on the financial exchange radio network. This news financial news and what it means if you lose it's only right here on the financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network. If you're real estate or property management company you need -- banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and its innovative -- rent payment platform leader bank has a team of business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as they're banking partner call 8776917. -- 900 or email BDO at -- -- dot com for more information member FDIC equal housing -- If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the 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 and 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. A 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 estate. Taxes estates trusts you know that's it. If they're busy running their personal injury court they can't keep opera you know it's hard enough for me to keep up. And I total time. But also make sure on their car when you get their card that you see the letters LLM 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 do or tell you that from personal experience. And lastly I would say when you leave the meeting in note one you want to have a flat feet. Right when note it's gonna cut you don't wanna be billed you know by the hour for this work exactly and when you leave that you 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 him tool free at 866848569. Vote on our daily poll question had financial exchange showed John come while you're there buyer of the media player and watch the show while you work. This case the financial exchange radio network. Are you afraid to call a plumber because you don't know the cost easy plumbing can complete most simple residential service calls for under 300 dollars. Could be a block sacred drain maybe it's a leaky faucet shower or one of those non stop running toilets call easy plumbing. They can fix a fast they can leave your home spotless when they leave. Cultivate 7818621190. Or visit them on line. At easy plumbing and A dot com mass master license number 10183. Joining us on the line now is Adam Johnson from New York in our weekly stock picking segment he's the founder and author of bullseye brief. Actionable ideas for thoughtful investors. At a good to have UNAIDS about the perfect date tortilla I think. Here are the yep providing you got your you know your your padding on in your football so I mean it. You know it's pretty bad but haven't seen as much red in my portfolio of war crimes are so much. Let's talk about what the cause is here for me when I take a look at this. It's really similar to what we saw back in February back then we get a really good jobs report on a Friday market fell port up fell apart on Monday on inflation fears continue that for about a week or two inning gradually got its feet under again this time. We've got Jerome Powell talked about how wants to be more aggressive on rate hikes. Really good jobs report PPI a little bit hotter than expected seems story in my book do you view it similarly. Yeah I really do and there's a that this sort of talking is subscribers abroad and anger currently under. Not a I think they're there they're a couple of other components besides the rate at first I can become an outrage. If you look at the Fed Funds rate you know it would look bad that it you know respect Margaret. If you look back in 1985 as it is it averaged three point 75%. Or two and a quarter now so richter still incredibly well. Until that point of what we never do on oil that we're in the spectacle going 200 yen its go bankrupt American consumers. And I would just respond I think it got Russia Saudi Arabia at the US all pumping more than eleven billion barrels per day there's so much oil sector. Actually we don't have enough I like to get it out of west the west Texas oil trading at eight dollar to our future though. You know somebody's argument that people are. Putting port visit to say it's over I really disagree wit it yeah you don't have to dig down that far lower part of the you know the reasons to say well you know if you get you know correctional. Yeah in May in my view looking at what we saw yesterday and a lot of the things that people of brought up. We didn't get any new news you know from the perspective there's nothing's that was scary yesterday in Europe there's not that scary yesterday in China. There's a that was scariest day from mid terms it was it was kind of hey we've we just kind of had this. Build up of inflation fears over the last few days. And I always view fear as something the market can overcome what it can't overcome. Is if you have concrete change the example I gave earlier in the show if Italy decides hey we want out of of the EU that's a fundamental change that we've got to deal with. But fears can be overcome in markets. Yeah and as a matter fact we could seeing and what happened yesterday. Before and here where I'm getting. Going back in 1950. During. Bull market for that is certainly people market there have been twenty times. When he at the 500 traded down at least 3% on that one went back. And then if you look forward to market via the 590%. Of the time has rallied almost 7%. So eight we've seen it before it where it is NB. These kinds of movies in bull market didn't happen typically their opportunities that are in were absolutely right. I probably should. Anything that headline that the Wall Street Journal literally just put out. Probably you were calling. Is that president trumpet and she planned the speed of the G-20 coming up in November and from my point of view that actually is is a change and it could. You know that that that that might take on on where we are. Animal look at drill landed specific issues if you look around. And individual stocks and it's looking interest continued today because it took may be too much of a pounding over the last week. Well yeah Michael portfolio. There although in in you know I'm I'm kind of what we're at great look and are still up. You know all the I gave up three percentage point over the past two weeks but that I mean during a doctorate and the the Soviet. As I look at my portfolio and our 49 name in position. I don't adding them. Did you bit. I ticker most apropos certainly our listeners on the believe or not China I think China has gotten way overdone I'm looking at Alibaba ticker BA BA. And a way to Eckerd WP a bit and the quick comment on each of these Alibaba expert operated not to beat Alabama trying to be every part of Asia. They operate thirty different the city Ares they're growing bury our respect now trading under our earn back out about. Then 3540%. From our weight though. The Twitter trying to have all of the Chinese celebrities that revenues are at least now. Unlike you know our quarter all the the Lebanese felt that measured in our national spelling you know for whatever. All on and on Twitter. They they monetize it revenues are growing 55. It it to a tree under twenty kind. And and it down 60% from content so you know bet my point there's been real opportunity to win or opera by but yet what that would be belly right now are you buying. Interest in contrarian take the antenna. Adam what the heck doesn't Twitter allow what you just described. Critical you know I wish they would effect I want FaceBook about FaceBook on the debit or my. Favorite he went great companies that he has certainly been you know when he stumbled at FaceBook and if they would just. Start monetize in the platform yet which they hope they're starting to do that are in one click here I'll work it either but it can ethnic. Let me go to Google. And the U. You know we go to Patagonia because you'll like combined the board short okay. You don't by any well. All the cookies or your machine and now FaceBook and accept the those cookies they look at either you let it go look at tight skirt getting Google at all. It is the granite out there creating these arms in the again in the await court trying to think you're getting beat one quick thing so in your in program feed it. Eight vote or short you get. On Patagonia I don't with one quick. You click there and vote you buy. And to me that is the way forward back there doing it on and have been yet to meet him and I are doing it on the main pick a platform. That kind of monetization that I'd love to. Adam working at. In place now wanted to circle back to that briefly just is yeah it's it's been focused the last week both with again Jerome Powell talking. Jobs report on Friday showing you of three point 9% wage growth for the third quarter which is. Outstanding to see. And then obviously this PPI number we got the other day. And then all of a sudden you get one of these today where the CPI comes in way weaker than X that we weaker and weaker than expected. What is going do you have any idea what's happening inflation wise is I continue to look at all these numbers. They don't pay any consistent picture from one of the nexus I I feel a little lost on. Yeah well I'm in Europe but you're right there's so many different maker of the Beckett traditionally looked at. What OB ECE. Core. And that's running at one nighter to. You can look at headline CPI and depending on the market but the poll number. You know it it might be who 79. But they're all these different measures of inflation. The thing that I am watching more closely than any of those headline inflation number which group. And you know you get ready should one number you know bureau at six. Number I'm also looking accompanies the fact that Starbucks is now and are paying everybody fifty dollar a pack that backpack or my long. Annika hit someone. A debate that FedEx. But it could get hit a couple of weeks ago what it noted on a conference call it it's going to start seeing people more that credit market lightly. I also expected to pass that aren't so. The wage. Or the wait wait spiral is what my former. Economics professor Alan Blinder Chris that always I think that what it would start. Spiraling. Where he is a crisis that we have and fortunately. We're still. Way below where that becomes an issue. With the B elect number two point 9% if not until you get about 3839 that it is the worry but. Wait that that's what I've spoke more than anything else they're finally starting to boo which is good hard working Americans make sport they spend more electorate earnings. One reason people but it not yet it hasn't yet walked over where your. Very good Adam we've got to run but thanks for joining us. I don't appear which we could he go order but it. Absolutely that's Adam Johnson from bullseye brief dot com he puts new picks up every Sunday morning you can sign up right now at bull's eye brief. Dot com. We're done for the hour we'll be back in just a little bit with more on the financial exchange. 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 banks 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 website Armstrong advisory dot com securities are for the securities America incorporated member been RS IPC and advisory services are produced series America advisors incorporated Barry Armstrong represented a 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 -- 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 so in 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 will lire applicable 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. You by calling 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 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 to Obama called this he ran team at 781 at 6418691. That 7816418691. Or visit Z Rand dot net stopped chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691781. That sick. Hoping income while you're in retirement you worked all your life in you've accumulated money in your ire raise your rock fiery Asia for a went Kaczur for a three vis your pension plans all that money you've accumulated it then retired 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 -- 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 it's a big thing that you need to figure out -- can move to lower cost of living area there's certain expenses that falloff. Those are things they 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 whole 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. Medals are Smart meaningful investment. One ounce and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- your gold locally 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 these 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 view who listened to my show are retired or nearing retirement age if you don't have a sound financial plan to lie 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 -- -- 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 are for the securities America incorporated members in SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are. Unaffiliated hi this is very Armstrong and if you're a 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 team to get started at 78164186. And 91 that's 7816418691. Or visit them online -- he deposit dot net member FDIC leader bank a step ahead. This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed. To end 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. Club folks early signs are that the gains the market had been able to eke out this morning might simply be a dead cat bounce we might be heading for a little bit more pain today. Tux on and Peter Howe here today at various out for the day. And this market. Where the S&P actually ended up creeping into positive territory along with the Dow and NASDAQ over. The first hour of trading. Has now turned negative again and we see the Dow currently off about 300 points at the moment. The S&P down thirty for the NASDAQ down 66 so every major index down close or more than 1% now. At the moment and so. After an 800 pos point did yesterday looks like we're seeing some additional selling pressure today Peter so this is one where we just say buckle up because. I don't think it's going away in the next. Eight minutes into this this is going to last that's so much that we're gonna sell off every day for the next week or two but. This volatility is not going away any time so we wait until 330 last thirty minutes of trading and it's wondering happens it sure does now. I know there's a lot of folks out there that are probably a little bit concerned that probably woke up yesterday or maybe they woke up today and said gee. My portfolio took a big hit yesterday had a whole bunch of tech stocks and I and I get slander hate. I have a whole bunch of other stocks that everything got slammed and and what do why do. There's a couple things to point out on this okay. First of all. The decline that we saw yesterday is smaller both in number of points. And percentage wise in the dip that we saw to start off the month of February on February 5 correct on only the eightieth. Worst decline since the fifty's yeah so this is something you typically see a decline like this somewhere between every twelve room between ever eaten twelve months so you might have one or two of these a year we didn't have won last year last year was the home is trading year. In history pretty like you go and actually measure we did not have 82% dips in the market on a daily basis it didn't happen you just didn't happen. So these kinds of moves. Are actually pretty common you see again one or two of these a year in a lot of cases here. We saw a greater dip back in February. Market took a couple weeks pause time to gather itself consolidated. And then moved up for the next six months. Could you see something similar here. Could you see this fall apart and see it fall 20/20 5% he could see that too. But the point is. It's one thing to say hey I'm nervous about where this market is going to have again a day where the market down 800%. Every once you have some semblance of fear because if you don't have that you're just not paying attention question I think is what you do based on fear and this is where I tend to look at it appears that. Look Miami long term investor. I'm not touching the money that I have put aside for twenty to thirty years at this point. If that's the case does the short term fluctuation changing that we know what does neck and neck and try to time the market on this. But let's say that I'm a short term investor. OK let's sit on someone who does need to tapping into this money. At some point in the next two to three years I've expenses that I need and need to go buy a car with some of my funds a need to put new roof on my house I need to go putting new driveway and if that's the case. The money that you have allocated for short term. Spending means that money shouldn't be in stocks to begin correct is that too volatile Korean so. The number one mistake that I tend to see. Is that investors don't look at their actual spending targets on a yearly basis and say hey what do I need. To spend this year in weird why have that money put aside in something safe because I see too many people who say. Well the market's been going up on gonna buy a house next you'll let me see if I can eke out a few percentage points and invert build a bigger down payment. Well it's easy way to get hurt when you have something like this happened. Because no one know when two weeks ago was saying gee this market's gonna fall below 5% in the week correct though no one said that this mark was gonna fall part in October. All the talk was hey we got a trade deal with Mexico hey we're still work and with candidate week Leo. There was no talking this thing's gonna fall partner so I think the big thing that I continue to harp on. When you're building a portfolio. Make sure that you have the right instrument for what you're trying to do stocks are great if you're trying to build money over build wealth over the long term. If you're trying to you know focus on short term spending means stocks might be the single worst thing you can oh. OK I want stocks but I don't hold them for you know my car payment any to me next. It just doesn't make cents and you know the one upside. To what we're seeing an interest rates is you know you would go shopping for a month CD Europe mind savings account and those numbers are finally starting to look you can find you can find two year CDs at 275 almost 3% now that's money you need 24 months from now. You know. In in my experience. The lost upside to you know money could have in the stock market for two years. Is so much less painful than the downside of money left in the stock market to let's say that you've got 101000 dollars that you put away for car you know we need a car in the next year okay. Is it worse trying to get that up to 111000. With the danger that it could fall down to seven. In my book it's not just because you don't know what the market's gonna do in the short term so I tend to agree with you on. This does lead us to our poll question of the day. How worried are you about the market sell off very were slightly worried not worried at all Tucker what kind of results are we seeing Ian. In the poll those balls leading the way right now is amongst our listeners are not worried at all. At 42% fall by slightly word at 40%. And finishing a distant third is very worried at 17%. In like our audience I think things about what I extracts. You know it's in again it's not saying that you know you shouldn't look at this and say gee that's interest in that the market fell in three and a half percent yesterday. But if you allocated yourself properly it shouldn't make a difference in your overall long term plan and that's that's the big thing that you need. To be focused on let's talk a little bit about what president trump spoke stock via a couple comments from him yesterday specifically. With regards to the Federal Reserve. It with him saying that the Fed had quote. Dawn local or rather was going Loko. He eased by people who know what's what's your take dogs. It it's. You know it's a unique approach to speaking about the Fed our president has unique approach to. Speaking out a lot of different things for you know the past 44 presidents. Typically you've had them not making critical comments about fed fed policy in sort of you know trying to stay out of that. And you know it's part of the whole deal that I think you get with this current president he's gonna speak his mind in. Waived if we have nine. The end particularly accustomed to before this. And you know I would say on the on the merits of it. It looks to me like the Fed as being anything but logo you know now is the time. We have will receive an inflation with the economic growth if now is not the time to get back. Two weeks seen interest rate policy when it. And in I think that you know a lot of people talk about okay is you know is appropriate that the president's talking about the Fed in this and that. And look at the feds a bunch of grown ups. They can fend for themselves on not worried about you know did the president break the fourth wall and talked to the Fed when he. They're grown ups they can deal with themselves they are all adults think all know how to handle themselves their all mature people who can you deal with things like this. What I'm curious about in and what I kind of get that in this it several local events and all you know defense supposed to be independent app to do this. I look at and ask. What if he's right now okay or is he OK or is he wrong and from my perspective. I don't think he's right on this but here's why I don't think he's when you look at what the Fed is doing here they have a dual mandate okay. Their mandate is to keep inflation in check in maintain full employment now okay the supposed to do both of those things. With the current policy that they are wrong. They are doing both of those things inflation is in check it's not too hot and we are at full employment so when I look at what the Fed is doing. I don't really have a huge problem with that in the interim okay. Now they could get to a point where they start to escalate too quickly in maybe they start to cause a slowdown that leads to unemployment okay. Has happened. Hasn't happened so not to criticize them for something that they haven't done to this point. They don't have a mandate to maintain stock prices and an error ranged. So I don't really get upset at the Fed if the market yeah I was kind of waking up to this and saying. Gee there's a threat here that we didn't really pricing properly now we need prices and that's the markets fault not the Fed's. And you have to worry about mid term elections for weeks. Now it's it and so we went when I look at this I say. You know its its its interest think is everyone jumped right to ocean the president be doing this I see what it doesn't matter whether he should or not the Fed can handle themselves the question is is he right is easy on the money on this in to this point. The Fed has neither caused the recession nor have they caused additional inflation and so when I look at it as say. And I don't think the criticism warranted if he wants to say go ahead as to how can handle ups and if you're shocked by the presidency and shocking things. You probably need to get a wake up wake up it would where have you been for the last three years so I don't have a problem with them saying it is again the Fed can deal with that. Put the interest keeping his pager like it is their merit behind this and that's where I think the meat really is honest let's take a quick break when we come back Steve Moore is gonna join us talk about the state of the economy. Whether or not anything in the last couple days as him. Concerned that is right after this break on the financial exchange radio network. 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 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 say to date -- -- 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 are with the securities America incorporated members in SA BC 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 -- estate planning so you're just starting or 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 god -- designing the income will -- applicable 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 866848569. Iron at 8668485699. Don't delay did your guide today at 8668485699. Or download -- 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 in believe me. I've had all kinds of trouble trying to get people who can come in and do capable qualified work. I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices cult easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 119 B that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information mass master license number 10. 183 again the number is 781862119. No. Hi this is Barry Armstrong and if your landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which 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 -- help disclosure forms and will even send out annual interest payments directly to Tenet's -- call the Z deposit team to get started at 78164186. And 91 that's 7816418691. Or visit them online at C deposit dot net member FDIC leader bank step ahead. The financial exchange. All ordering 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 it. So were not getting Steve Moore on the line I think he's little jammed up right now we're effort in him as we speak hopefully we'll have a month shortly Florio. But until then we've got a whole bunch of trivia that we can go through some good news that we get to give away free stuff here. And our trivia contest today has brought you by seasons 52. With 43 locations nationwide including two in the Boston area in one in West Palm Beach. Seasons 52 is on a mission and that mission is to provide you with a better way to eat you can visit seasons 52 today. In Burlington Chestnut Hill or Palm Beach Gardens. Or go to seasons 52 dot com. In order to get menu information and reservations. Booked their holiday party today gets special gift for all your guests and today we're doing trivia. Based on what let's see what we do a tree based and propaganda hang on haste or failure he turned a David Lee Roth turn 64 years old this weakens overdue tribute based on Van Halen. And so the question. Is what is Van Halen is most successful. Single to date. If you know the answer Texas at 63566. And since this is the fourth day of the week we're gonna do the fourth answer. With via the fourth person with the right answer here. And so text as it's 63566. And if you get that answer right after the fourth person was the beginning get a fifty dollar gift card two seasons 52 again the question. What is banned hand owns most successful single. To date. You know few Tobin when I was a high schooler the diamond Dave was gonna live to be 64%. Now almost those guys knew it was wicked wicked had paddy in guide post of ominously it was aged 27 most amend the diet it correctly could you just have that strange coincidence we're you know pay year big rock star of 27 you're done like that's how you diamond Dave Nat necessarily known for clean living. No certainly not. Let's talk a little bit about what we're seeing in terms of inflows and outflows into. Mutual funds and exchange traded funds. Not quite seen the lows that we use to see over the last years no I this I had not realized this number so big being guard they reported. Net inflows in the second and third quarters. We're down 36%. From 2017. The court of the firm announced ways he Phillip that sort of healthy numbers is its people are mad you know shoveling more more money at what feels like a bit of a top B. Market but. It makes me wonder what will be the optimal. Number you know on a perfect world you would called dollar cost average to meet sock away this you wouldn't see the variations that you're you're close to close to zero or sort of who would grow with inflation or grow with. Something's at a Tuscany some variation that write to me that's a number that says. At a macro level it's. Problematic because it's you know less. Nutrition for the stock market Canadian grow but it feels like. I'd be worried if ice time. Lots and lots more money. Especially inflows are way up this year compared to last year yet the what the way I tend to look at it look at yup inflows down there's the possibility they could return later on and so it's okay if they can come back it's kind of the contrary indicator say. Hey if if the average investor is scared to get into this market. It almost could be assigned hey it's not a bad time to get in if the average investor isn't going in the so. It's something that any kind of look at and say OK what's what's this actually telling me the fear and greed dichotomy. Let's talk a little bit about AT&T. And what they're trying to lives AT&T when whatever one thinks of AT&T. At the number one problem that you have with the stock is everyone still think that was a phone company. And yeah. That's a delta and they're not a phone company anymore. Okay they've bought DirecTV a couple years back which really get put them front and center in terms of getting into people's homes ago all kinds of broadband services. And now they're set. To try to launch a streaming service. Ian 2019. What kind to detail standout. With regards as a work and details we even know about the streets or it's thing I admit to wonder why you announcing this essentially your head of time. And what we know always it's gonna involve you know some of this Time Warner content Warner media content to now. Call it bide drew FitzGerald took plan and the Wall Street Journal saying it's not gonna replace HBO now. So makes you were a little bit like. What's gonna go into this and you know it feels like everybody in their mothers are offering. A video streaming service these days so what's really gonna distinguished this in terms of content or you know real value for the price. What are they need to separate streaming service from HBO now. What like you you have the premium. Cable subscriptions in streaming service out right it's it's not Netflix which is probably the biggest pure streaming service. But when you talk Britney Spears you've you've got tens of millions of subscribers. They're all paying fifteen dollars a month for that service. Why why don't you just make that the Hogan and whichever one and that direct why do you need multiple platforms. It could be you know you get to be a company is Big Easy eighteenth he is and I would take a little bit of exception helped pay essentially they are phone company that's trying to. Take you know. All the cash that the your phone franchise is kicking both wireless and landline and grow as a media and entertainment company which is I think that's fair. But when you get that big it's like why not try some stuff you know see what happens if you can learn. Something about the new ways to package and price stream video. And it's just interesting that they are coming out with this. So far ahead of time and with so few details it it seems to me whenever I see something like that where it's a year in advance and we don't really know what's on at this point. It it smells to me. We need to do something to generate buzz but we can't do it quickly enough so let's put this out there. Just to the people know that it's coming we coughed cop prop up the stock price we saw the same thing last year with Disney when they were talking about you know what turned into was at ESPN plus talkers that would it's called ice that's correct it is important that they were talking about oh we're gonna have this ESPN streaming service what was your route and it turns out it has no mostly division three football stuff like that on at that you know while a division three football it's just it doesn't have the broad appeal that you would want from. You know streaming prime yet put it well. I agree with you I think where they're going to go with it is pretty interesting but initially looked at these kind of said. Great how many people are gonna watch college rugby you know it's I think it's a great sport America needs us we ever Williams Amherst football I mean that's it it's. But the champagne of college football you know what I wish they would bring back do you remember when ESPN first launched and they were desperate for program and so they would just like any sport they could find they would put on there so you had players hurling your view it. All of these sports from all over the world that work. Really a lot of them were just you know weird most of them were violent in some way shape or form. But it was just all of the sports that you know you couldn't get anywhere else I would pay to see stuff like stuff where it's just hate. Here's this weird sport that they only playing Cambodia. And here's the rules and here's how brutal to watch that but I don't know with. That's just me just has to be weird and violent. Yeah that that that's almost what you think people watch game at drones it's weird and violently that's kind of the recipe in today's world so. I'd love to see him get back to something like that but unfortunately doesn't seem like that's the direction that they're going with the ESPN pos platform. Let's do a quick market check here just as we are heading. Towards the bottom of the hour right now the Dow off 200 points it was off about 351. Points so it's part some of those losses a little bit. S and peel off about 26 of down 1% NASDAQ. Better. Then the other two indices right now down just half percent so. You've got all three major US indices in negative territory. Gold being bid up today now of 28 dollars an ounce which we haven't seen strength in gold for a little while now so I think a little bit of a safe haven play happening here. Part of that due to the US ten year treasury money phone banking and we were 3.2 4% a couple days ago now down to three point 160. If this continues to be a market. It appears to be flocking to safety in when he via rates going down gold tends to move in a positive. Direction. Quick break here when we come back when we talk about hurricane Michael and how much. Damage was done there and also. NFL ratings what are they doing this year we'll billion when we get back. The financial exchange is alive on FaceBook so make sure like your page and watched the guys break down the latest on the market 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 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 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 -- -- applicable 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. At 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 you who listened to my show are retired or nearing retirement neat if you don't have a sound financial plan to lie 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 -- 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 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. Securities are for the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated are. You having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me I've that all kinds of trouble trying to get people who can come in and do capable. Qualified work. I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber with fair competitive prices. Coach AZ plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous. They will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 119 B that 781. 862. 1190. Or he can visit them on line. At easy plumbing MA dot com for more information Massa master license number 10183. Again the number is 78186211. 90 hi everybody it's Berrian chuck from the financial exchange or 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 yours higher 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 combination of dividend paying stocks. It can be equities that you simply pick and a growing 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 that's 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 you like it. Copy of our October guide call 803934001. This guide will help you. Design and develop retirement income from your investment portfolio 803934. Zeros or one or can download right now by visiting our strong advisory dot com. Our strong advisory dot com or 800. 3934001. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. And well. Larry chuck in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is that I mean to exchange radio network. So our trivia question last segment wise what is Van Halen most successful single to date. The answer is jump from 1983. It was the most successful when they had reached number one on the billboard hot 100 back in 83. Peter the right answer hammer that well greet him Tim from Wallingford Connecticut graduation him as our winner. Van Halen fan and I distribute contest brought to us. By seasons 5243. Locations nationwide including two with a bust an area. One West Palm Beach seasons 52 is on a mission a mission to provide you with a better way to eat. Visit seasons 52 today in Burlington test hill Massachusetts her Palm Beach Gardens fla or go to seasons 52 dot com. Permit new information numbers regions but your holiday party today and get a special gift. Roy your guests and again Tim from one for Connecticut congratulations and be in the fourth caller with a rating answer jump. Hurricane Michael it made landfall yesterday early Wednesday morning. A category four storm when it made landfall the strongest hurricane to hit Florida in eight years. Obviously it straight diminished as a pushed inward one of the big things it appears the 'cause this storm was so fast moving on unlike. Hurricane force was just sat over the coast of Carolina dropped thirty inches of rain. It doesn't appear that it's dropping as much rain in different locations. And although the winds were significant person it appears there's a ton of wind damage on or near the coast. Typically water damaged what causes the most deaths and the most damage in a storm it's of the fact that this storm is so fast moving. Points to it not being as expensive from a clean up perspective the obviously communities right on that Florida Alabama coast. Are still can be damaged significantly. Yes awesome videos of you know homes the entire roof just pulled off a sheet of paper and it's it's gone. Terrifying and it but if you look at this relief from thinking about the audience stock investors the economy which really videos of the homes the entire. What I was really most worried about was you know port of Savannah Georgia the CSX rail line interstate ten. You know you could potentially see huge amounts of vehement in terms of the movement of commerce and oh yes like not come would. It looks like we've ducked the worst that obvious in my her presented people on the coast you've lost. Houses. And houses are recoverable. What you really worry about as a situation where billions of dollars and commerce. It's disrupted and it doesn't look like that's going to be the case of Michael. No I believe it's the latest numbers that I sought to confirmed deaths at this point one in Florida. Where a tree toppled onto a house no one in Georgia where debris fell in to a home. And killed a girl so to deaths at this point obviously a whole lot more people that are going to be displaced Hampshire some injuries as well. But as far as the overall level of damage. It appears that it's not going to be quite as bad as many places as some of these other storms that is mean. You back to you know hurricane Harvey which is just over a year ago now. Now when it hit Houston. It trapped close to five feet of rain in some areas that five feet of rain. I just can't even conceptualize what seem that much rain in a short time period even looks like. The NFL the last two years we've talked about their declining ratings for. A number of reasons you have a product that has declined significantly had a whole bunch of controversy with the National Anthem. We came into this season and we said hey look what where's the NFL gonna go from here you know can they moved past some of the struggles they've had the last couple years. I was on record before the season started. President thought that their ratings were gonna continue to go down not so much because there were any beak changes from the last year. But the trend in overall TV ratings has been down and so I thought that would carry them. Further down. It turns out through the first five weeks were actually seeing. Ratings up 3% compared to the same period a year goes up a load down 16% compared to 2015 and Q do you know your larger point hold. I would say and I can't really you know. Point to 45 specific things. It just feels like a better more interest in season it does so fireman Mike Drew Brees you know Monday night was very exciting new I mean look at all the overtime games this year to. Ton of them and in big big big games seem more competitive to. Pains there's a look the NFL is a quarterback driven league at this point are out of all the rules against the defense is yet. There are so many good quarter like with the talking you know people make their first starts like Patrick Holmes or someone like that up you have interesting stories in terms quarterbacks in new location yet Kirk cousins going up to Minnesota. Unity you've got a lot of good quarterbacks now wears you go back you know five or ten years ago. And the picture was just too late there were a lot of teams that just didn't have a chance you know they they get on the field and it's. Oh great you're starting you know Chad Pennington again great you're gonna look like you have nothing you can do there whereas this year it's. Hey you know we're the Cleveland Browns we've been awful forever. Let's see what baker mayfield you know it's just that there's a little bit more interest especially in some cities. That I think you get down and out for awhile there are other cities that are going to continue to be down and out for awhile but it seems to be more competitive as a whole. So the AF from protest everything like that has had zero effect on the ratings this year. Now and all the drugs that regional and don't often asked anymore and social wonder. In we're way has the Colin -- a Nike ad campaign in some ways 20 that's sort of pulled some energy on that whole issue away from the NFL now put an end to Nike and that's probably good for football. The thing that's the find fascinating on that whole thing is you know you have Nike sponsoring the NFL. And that and leakage it's it's a really interesting. Juxtaposition and I don't know how I don't know if we've ever seen a situation like that before. But it's it's fascinating just to see how that works out. With regards to mean what what's going on the folks I know that many view listen to our show are retired or nearing retirement age if you don't have a sound financial plan. To allow you to enjoy your retirement you need to get the brand new guide on how to developer retirement income strategy. This guide and help you understand the various elements that are critically important to your plan in every of saved to date. Alas for the rest your life so you don't want that money to continue to grow over time. Even when you start drawing from another consideration is the volatility in the market and while we've seen the bull market continue to flourish. There have been considerable ups and downs along the way including the last week so you need to make sure that your portfolio can handle. Call right now at 803934001. And get your free guide how to developer retirement income strategy. That's 80393. 4001. Or you can download it right now Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. So buyers the company that makes their rather that deal effectively acquired. Monsanto who makes roundup. And was potentially on the hook for 8250. Million dollar. Punitive damage settlement in a California case though the eventual settlement likely was going to be smaller than that anyways a California judge ruled on Wednesday eight tentative ruling. Saying that they may be able to get a new trial in this case how come it's judge his camera must ball on us and basically saint 250 million dollars net justified. Assume the evidence didn't prove the company intended. To harm the plaintiff grounds keeper. This did. Make me think twice about IE in the little leery of ran up a gonna driveway. At the the only place on McCain that a government run up as a very good job of killing the weeds in the gravel and I try to go. Pretty easy on how often I get out there without. And I think the big thing here is not so much this particular case but you've got 6000 plus of these cases lined up across the US. And if you are buyer you're sitting there saying. We don't wanna be deal here is there's the Johns Manville asbestos case you and I mean look this. I was looking at this when it was first going on and I salute this has the potential to turn into something similar to the tobacco settlements in as far as overall steal the victory that it could get to. I have no idea if frowned to cause cancer. I have no it was silly I can't speak to that but I do know that if it's designed to kill weeds. It's probably not good for. You know you know ego much at least now whether or not it causes cancer wrote there have been some studies by. You know the World Health Organization say one thing as others by the FDA that say and others other about EPA that say. They they all seized slightly different things I don't think anyone has yo. Eight clear idea of whether or not this causes cancer and think that's part of kind of falls in years you know when you're talking about paid to the company intend to harm the plaintiff. Well appears. You have all these major organizations that actually study this that come out with different things. It's really tough to be able to prove intent to if you don't even know what it does to humans and the bigger pointer summed things cleaning products. Wandered detergent stuff we put an worker sorts of stuff that. You know having an exposure level of ax is one thing I have an exposure level right hundred extra thousand acts. You know we get it that's a problem. Let's take a break here when we come back really talking about FaceBook and their move in to health care and also some potential trouble. For Jack Dorsey other company out Twitter but square and what's going on there that has their stock price down 15% today. Talk about that when we come back right here on financial exchange radio network. We have part of the financial exchange in an instant by texting us and 63566. Started to extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. Many of you listening today are most likely nearing retirement age and if you haven't dug deeply about planning for your retirement Todd -- -- 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 in 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 in 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 -- designing the income -- applicable 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 866848569. Million that's 866845699. Don't delay did your guide today at 8668485699. Or downloaded right now from our website legal exchange -- dot com. Hi this is very Armstrong and if you're a landlord or property manager I'm sure you've heard me talk about Z rent leader banks tremendous on line rent collection program I'm excited to tell you now about their brand new product called Z deposit this is another free program which streamlined the opening of tenant security deposit accounts three totally digital experience with C deposit landlords can open an account online invite tenants to enter their information and manage all their security deposits Z deposit also automate many of the compliance headaches for landlords such as generating account disclosure forms and will even send out annual interest payments directly to tennis -- 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 step ahead. Are you having problems the block sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 78186. To 1190s that 7818621190. Or you can visit them on line at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. 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 lie 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 -- -- 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 team members finreg SIPC. Advisory services are ripped through securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are. Unaffiliated business news is constantly break. And we're here to break it down and show what it means to your portfolio it's the financial exchange with Barry Armstrong in jugs not a on the financial exchange radio network. So FaceBook the company that for the last. Only six months now has been embroiled in. Continued controversy over what kind of data they collect and how much data they collect and whether that data is safe. Their head of health research wants doctors to have access to eat and more personal patient data. What exactly are they talking about here Peter first thought to do before this that FaceBook had a health of head of health racer you know so. At the as I've read this but they wanna do is be able to get anonymous data from hospitals in the cross reference it user data. So that essentially. They figure out from one source that these people are dying of heart attacks and have wiccan high cholesterol. And they cross reference that who showing up on FaceBook win plea to cheeseburgers in. Big red I'd go cups full who knows what. He's put. Being entrusted with sensitive health data of what could possibly go or in what if that Davis shows that the people who have the worst health outcomes of the ones that sit around doing nothing but sit on FaceBook all day. Like would they share that with that would be I would say rough justice for Mark Zuckerberg has just about every study out there shows that social media. Leads to pretty awful mental health outcomes and continued use of it is pretty much the worst thing you can do so. I'm one level I look at this as a candidate trying to do some interest in things of data but as you point out a why should they be the ones who we trust with this power in beat. Is there. Anything that leads you to believe that if it if they found that there were problems with the FaceBook platform in terms of causing problems that they actually tell you about. Feel better about somebody getting data from FaceBook. But you know is is currently medical school school public health is this kind of like a beer company doing investigations for do you line. That's actually that's a very good wave it's I'd like that and against it's it's not that they might not finding these is they might not tell you anything about it actually they might potential conflict of interest you know we're back with all you. You remember when all the tobacco companies like the institute for research on tobacco that you know all prove the tobacco doesn't cause any problems. That the foxes guard the chicken coop you like it it's not working like it doesn't work like that more doctors smoked chesterfield and any other brilliant must be good for you than right. Jack Dorsey the CEO of Twitter also the CEO of square stock that if you're not familiar with them. Square runs a payment platform. Both for accepting mobile payments as well as point of sale terminals that can be used in retail locations. The stock had been on an absolute here year to date went from forty bucks a share to north of a hundred. Over the last twelve months it's got 32 a share to over a hundred. And since October 20 sixteenths the last two years you went from eleven bucks shared over a hundred. But the last month has been devastating for the stock in particular the last couple weeks. Go from 99 this year down below seventy sit down 30% in a span of two weeks now what's the latest news from. So there CFO is moving on become CEO. Of the favorite social network. Next door this is Sarah friar say. I'm on the public feel like this is great news but square they've got fantastic talent and you know the town west we raided by. Other companies. This brings to mind last time somebody ask you for credit card brand throughout square device put him into the found. We realize that phone ones they well actually I was like ipads know what I have one about 45 months ago so I had to have someone come out to fix a garage doors that are broken. And it was actually was the contractor said pages semi envoys who is not just he pulls up a little thing puts in his joy of just payment now take care or Michael's. Great it's easier to set. Automatically generates a receipt and everything and boom everything's done there I see a lot of contractors using them for their businesses actually interest and to separate it made me think. Telecasts on those things more two years ago than I do now yet you see a lot more at UC a ton of the square payment platforms Ian retail locations in particular a lot of restaurants use now. Lot of fast casual places Tennessean in. But it does feel like the ones that are built to go into your phone. Nor more popular may be between thirteen and fourteen and they are today I don't seem quite as many except again a couple contractors. That are using him here. And what's even after the 30% selloff it's still been a heck of a run since January always look at it it's certainly hasn't and look at it any time US senior leadership believing. If you have questions say who's gonna fill that role you know that person was there through Buchanan this uptick here. But you know this this person's hair had been there. For six years in this is not a case like we saw with tests over the chief accounting officer left after a month and raised all kinds of questions because why do you leave the job after months of bosses not this is an eight. I've been here for six years. There's of there's a reasonable case to be moving on. I think yes certainly there are questions say what kind of talent comes in to replace. Mr. Pryor just because you know she obviously did a very good jobs steering them through not only an IPO but then a few years afterwards. But in terms of you know should investors panicked because she's leaving I don't know if that's necessary keys. And the quote about scored you know Jack Dorsey wax and this building goes to he goes to the left. And he CEO of Twitter right morning and then after what she works over the get a cent of the building and ACOs square vice Versa but it's amazing that he's. Doing those two things and maybe sending a figure out how to put them together. Next from the classification. Of I guess stories that matter today but likely will not matter in the long term for this company. Snapped chat apparently launching scripted shows on their platform is they try to push original contents. Through snapped chat. My kids and actually that's. Talking about that is they're the target dates is not you and I can we don't use now chat. Kids don't joint event you know might my wife and higher. If we've been given notice. If we sign up for snap off three of our kids are taken out their 22 point 117 what do you think your kids won't like this. It because it's with stamp is all about is sort of fun stuff with your friends. And it just feels like you know this is the man attempting to force con tent and thus advertising I knew. And it's just so antithetical to you know what's happened all about. If you look at this happen and we've talked about this since the company's UK it went public a couple years back. There's nothing that they do that no one else dawns there pictures disappear. They allow you to text your friends. There's nothing in even like to look at they wanna do in the content production great. Every once in content production what are you gonna do its unique Netflix isn't what Netflix because they produce their own content everyone has their own content. Netflix Netflix because they found it really easy way to do and they did it for anyone else they do better than anything else. First mover advantage also the street when my kids at a 300 day streak with the best friend cynics snaps back and forth is that good oh it's really get up from what perspective. From the perspective of NASA and got no world. Very good that's all the time we have for this show will be back tomorrow. With more on the financial exchange.