WRKO>Audio & Video on Demand>>Full Show 11-7-18

Full Show 11-7-18

Nov 7, 2018|

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

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 an economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Most America had its eyes on mid term elections as the results were coming in the last night and today is no different in the markets as we start to sort through. What a Democrat controlled house and Republican controlled senate. Actually means for the economy going forward chucked out of here we get there Armstrong coming on in just a second here we just haven't. Technical difficulties were trying to get him broadcast remotely today but we're digging in and talking an awful lot about. What these mid terms actually mean. For the economy going forward. In case you missed the results. Democrats taking control of the House of Representatives for the next two years. Republicans. Increasing their majority in the senate likely by either three or four votes the there's still some tabulations that are coming Ian. As we you kind of still get some information particular. From the West Coast couple big states that we are still waiting on final tallies for. Florida appears to. Be go Republican in the senate though it's likely within a margin that would suggest he recount though that's unlikely to change the result with Rick's got likely winning there. Also waiting upon confirmation air zone or Martha mix Sally expected to defeat Democrat Kristen cinema. By about 1%. And then I think the one that really were trying to figure out if what we're going to get there as far as is this going to be 83 seat. Pick up for Republicans worry foresee picked up now is Montana. Which currently has Republican candidate Matt Rosen dale ahead. By about 3000 votes with 84% precincts reporting the precincts that are outstanding. Tend to be in more Democrat leading areas but again that being I think take away here you're still going to have a Republican controlled senate. You're going to have a Democrat controlled house and so. The questions that we ask. When we're talking about the effect on the economy the different from the questions that I think most people last. When their voting because really what matters when it comes to the economy is substantive policy change what are actually getting. As far as new policies that are potentially coming forward. There were an awful lot of people heading into this election that were concerned. That if Democrats took one house or both houses of congress. That you would see a significant sell off in markets. Democrats did indeed take one house. Early returns markets again how much can you really judge based on a few hours of markets here at this point but the early returns for markets. They suggest that. And to worry about with Democrats having control of the house and Republicans having control of the senate so at least at this point right now. It's certainly points to a case where. You know markets are not looking at a worst case scenario you of the Dow up about a 160 points S&P and NASDAQ in positive territory as well and in particular. When you look at the sectors that are moving the market today. And take a look at what's actually either up or down based on. The results last night. Health care leading the way up almost 2% technology and energy as well a couple percent. On the downside yet consumer staples and financials. Not really you know they're kind of strange bed bells and that they're not really the kinds of stocks that you would expect. To see up Ian or rather down at the same time. In a market like this Rick try to bring Barea announced to see if we have that connection working. Do we indeed. Well I'm here I don't know if you can hear me or not but I hear you loud and clear chuck outstanding what we we've got we're just gonna start to talk about. You know what this what would this result was doing to markets here. I'm here is your take as far as you know anything that just off the top your head. You know suggests any major any potential sectors are any areas of this market that there either going to struggle or you know potentially succeed over the next couple years. Let's get the bad news out of the way first. And I think if you're holding a lot of health care stocks specifically drug stocks chuck I think you could be in for some trouble there. You know I think your companies like your Berkshire Pfizer's Gilead anybody who's selling drugs to consumers. Eight I think your you're going to be in for a record time why. As personable. Both Democrats and Republicans are screaming about the high price price of drugs. Healthcare was a big issue in when people went to the polls yesterday chuck if you look at any of the exit polls. Health care was a big big deal. And as a result. I think you're gonna see some pressure put on those stocks that's that. This sector I'm most nervous about acts as our fact how are they performing today you have any data can you look at the health care sector and tell me. How any of those stocks might be doing this morning. Yes that's that's the big question that I have for you his health care as the best performing sector. In the market today and in if we go through some of those stocks in particular that you mention the company like Merck up one point 8% today. A company like Pfizer right now was up 2.2 percent today. A company you buy a gun going through some of the other big ones that are out there stimulate Allergan up one point 6%. If you look at who also mean let's let's even take a look at some of the Biotech something like Biogen. Up one point 1% today. You know you you're not seeing a whole lot of pressure there if you wanna look at in northeastern company. Tickle give Vertex in there up two point six today so that the companies that have these higher priced drugs and in Vertex in particular mean. You know we've we've talked about he has some of the pricing from some of the drugs that they have had. If they're not seeing any pressure today and I wonder if that simply is because when we've looked at Health Care Reform in the past the most recent example being the Affordable Care Act obamacare. Drug makers were heavily involved in the writing of that legislation. So. I tend to be of the opinion look even though you're gonna see some pressures on prescription drugs. You might see whatever comes out of this still be a net positive for those drug makers in some way just have probably going to be involved in the writing of these bills. All right let it lead. Me bet that's a surprise. I I really thought that there'd be some movement to try to pact there with some kind of a cap on health care stocks. What about infrastructure stocks they like. The president's gonna wanna make a deal on infrastructure he wants to do infrastructure Democrats wanna do infrastructure. Is that an area when you look at industrial companies and some commodities. Wondering if that's an area of bullish past. Looking goes forward. It depends on the company you've got companies like caterpillar that are up about one point 7% today suggesting hey may be a little bit of optimism building around. A company like that. You know you go to some of the other heavy machinery companies. That compete with them and it's kind of a mixed bag there's there's not a whole. You know a whole host of them that are really moving in any no meaningful way companies like commons who make you know engines for a lot of those big guy. You know big guy industrial BO earth movers and stuff like that. You know they're actually down about one point 2% to they do ears up about half a percent so little bit of movement Terex which is involved in on a road graders and things like there up half a percent. C got a little bit of movement here not a hundred direction. For companies that would necessarily be involved. In a big infrastructure deals so. Not my question there is Hattie figure at the funding aspect has added I've I don't know if there's a waiter neo feasible we do that. But it's. I know there's bipartisan appetite to get something done infrastructure. I just don't know if you get anything. Was it possibly get a combination deal worth day package something in terms of infrastructure and immigration. Not necessarily in one dealer that you see couple different bills but I mean the the eight the trade and everyone talks about looking a goldilocks scenario that's what you get is you say look we'll give you infrastructure return you give us immigration. No one way or another. And I I think that's the ideal scenario because that potentially gives you a whole bunch of projects to deal with. And a huge workforce to potentially deal with those projects could we know we have worker shortages right now. So in theory look at that cleans up a whole bunch of issues if you can get something like that done. But I don't really see this is being the most cool while Purdue environment given I've seen in in my lifetime it's not something that I necessarily expect to see. I'd love to be surprised but you know there's not really an atmosphere of cooperation. Just we know lingering around every street corner right now. Well Arnold jockey thing but he got a president who wants to be reelected right. A lot of his here if you look at his history and you know philosophy. Over you are not just over two year five your third time. And he used to be a Democrat right knee he you know he wants to do an infrastructure deal you don't think he's gonna wanna make some heat he wants to get reelected also. So I look at him and saying. Hey here's a guy who's gonna want to accomplish a lot in the next eighteen months and really doesn't have a team struck. He's probably got until what June of next year to get something done. Yeah probably I mean realistically probably shorter than that it's you know it there's there's twelve months realistically mean by the time to get around January. Of you know 20/20 you know that the cake is baked as far as any kind of new legislation coming down the line. I just I look at and there's there's not really huge incentive for anyone to cooperate on any side right now you know if you look at how these races were run. There was no or no one running on a theme of bipartisanship. You know it was it was it was across the board it was the other. Guys are going to make things miserable for you like it did so was in Blake I'm I'm gonna call a spade a spade like. There's not a whole lot of bipartisan appetite right now. There's nothing that suggests that that's gonna suddenly just show up. I play I I you know I I hear what you're saying but I'm hoping your world. I hope and onto. And he might might my theory is that you have a president. Who. You know he knows. Ease up against it and he wants to get reelected now he may not have any choice in this the Democrats could decide oh we're gonna open up all kinds of investigations. And you know start to impeachment proceedings and and try to make his life miserable but I don't think the American public has the politics and news we went through that during the Obama years. And it it didn't bode well in and didn't and well I don't know that the that people would be on board with that track I think people there are so many issues like when when you look at what's wrong with the country. Countries fall apart after a come in on the infrastructure. The health care issues truck. Are atrocious I mean it's if you're try if you're an Arby's restaurant in your trying to hire a line cook. And that line cook is married has three kids it's gonna cost you 2000 bucks a month. To have back on your staff just for the health insurance cost that's unsustainable. Immigration. Hey you know we need workers too we we're we're so short on workers. So there's there's part of me says hate is an opportunity to get an immigration those are the Big Three infrastructure health care and and immigration now. Maybe maybe. Be overly optimistic but you you'll be gluten one of those three. Why would why would you we we haven't made progress to this point what about. And I guess the request that I come to his is there anything about last night that fundamentally changes things either Ford Democrats or Republicans to cooperate with the other side. If you're a Democrat you're sitting there saying look. I pretty much ran in most cases against the president's so why would I cooperate. If you are a Republican and you look at the results that he got from places like Ohio where you retain the governorship. Or take the governorship if you take a look at Florida where you gotta governorship and the senate seat you look at all the places that are competitive heading into 20/20. There's not really a whole lot that worries you from a Republican perspective so. I don't see necessarily. Needing to cooperate as silly bit there's there's no incentive on either side to do so both sides. When they come away from this election. I think they're further embolden the say look we what we're doing is actually moving us in the right direction is a party. It's not necessarily working as a country in terms of again you talk but there's three big issues health care. Immigration. I was there when infrastructure you know it now I don't think we're any closer to getting those issues nailed down own. Because last night's results don't really move the needle as far as saying hey DO it's it's not something where. You have a conclusive victory either way it's kind of new each side's gonna be able to pull things from this and say. Yeah we got something positive satellite. When we come back we're take a look at what the election results mean as a relates to the trade war. With China that's our next topic on the financial exchange. Breaking financial news. The financial exchange with a Barry Armstrong and chuck sub on the financial exchange radio network. Hi this is very Armstrong and I've been doing business with leader bank for many years if you're in need of a bank with great rates on checking and savings accounts look no further -- Peter banks super rewards attempt qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balance is required in there are no monthly fees but that's not all leader bank's consumer savings account has a two point 05% annual percentage yield and now when you open a new account used the promo code buried and if you qualify for so look rewards before the end of the year you get an extra fifty dollars deposited to your account just use promo code Barry BA RRY wing you're opening your new account in person or on -- if you're searching for great rate it's time to call Peter bank at 8776917900. That's 8776917900. Or visit them online it leader bank dot com. Minimum deposit to opener annual percentage yield is ten dollars two points or 3% interest rate restaurants rental fees reduce earnings re subject to change without notice leader back a step ahead member of the SE. Are you having problems the blocked sink or dream. 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 that all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy coming in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous. They will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 862. 1190. Or you can visit them online at easy combing MA dot com for more information mass master license number 10. 183 again the number is 781. 862119. Now. Hi everybody it's Barry Armstrong and I'm joined today by executive vice president from leader bank mr. Jake tool and were talking about this account today. It's called the Zuma rewards account and the thing that really caught my eye on this account is it's a savings account but sort of again if you guys are providing. Two point 05%. EPY. On that account how do you do. Yet it's one of our most popular. Retail banking products vary so. It's it checking and savings companion product the Oca and if you qualify. You get some great reward so for example you gave 2.0 5%. EP wise your savings account up 200000 dollars 100000. You get 1% cash back and all of beard he's suspending your debit card that's good. Eight at eight here reimbursements if you use another thing seat him. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly. That in so the benefit of that is that really expands or breach network yeah he's in need Yamon. It doesn't have to be leader main court. If you qualify it's pretty simple you know you have to have your direct deposit and the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for these statements oh. It's it's something that customers would do anyways using right now right yeah it's great benefits. And yet two point 05% annual percentage yield on your savings. Try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on balances up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them on line it leader bank dot com. It's called zoo book rewards account ZEUGMA. 8776917900. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word. Mary's to 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. Hitting season it is here did your. Hot water steam boiler inspection before our first cold snap believes yet in the cold looks like there's one coming in the next week by the way we call the experts easy plumbing and you'll put your system here comprehensive test. And make sure all the components are working properly just get a head start on a winner preparations and call easy plumbing today at 781. 862. 1190. That is 7818621190. Mass master license number 10183. So trucks turned into Debbie downer. As it relates to getting anything done for the next two years but to Tucker I have a prediction to go on a prediction Walt spokeswoman domain handy posters here hold on thank you thank you I I think there is going to get we're gonna have some kind of an infrastructure to I don't know if we get an immigration deal and I don't know we get any kind of Health Care Reform. But I do think you did some kind of an infrastructure deal I think the present war with Nancy Pelosi. And it may be modest but I think he get something done on infrastructure and I suspect that happened by June. Of next year that is our poll question by the way do you think that president trump. Negotiates an infrastructure deal with the Democrats. Now chuck I will tell you the text line is siding on your side of the equation vitally rates. Very. I think that Democrats have such hatred for prison drop that they will block any negotiations for anything. Well you don't umi in fact be right finally it I'm. I hope springs eternal that my house and I would ask that you participated in our poll by visiting our website which is financial exchange show. Dot com do you think the president negotiate an infrastructure deal with Democrats 55% of you so far I think that he's you get something done with. Nancy in the game wither on the side. I don't yeah I I I period here definitely you know it's it you you may we be right you usually are. And let's talk about China the you know the still nothing no progress has been made in terms of the trade dispute with China. The terrorists are gonna go into effect. It's gonna take a big chunk edit GDP it's gonna hurt China it's gonna hurt American consumers. Does this change anything where the Chinese watching last thing insane. You know the presence of weaker or is he stronger lately it would how does this election if it does at all change our negotiations with China. I don't think it does and gets back to yesterday's results. I don't think changes the status quo which is you know if you look at the if you look at the key states that clip from 2012 to 2016. In order to turn the 2016 election for president trump. Yup there was not a repudiation. In those states and so from my perspective. I think the status quo is maintain in terms of power yes Democrats throughout the house they can really do a whole lot with that and then when you take a look. At you know how some of these other national level races when the senate and so forth they they kind of said hey this is kind of how we want things to be and so that's. That's the message that I think I see from the election last night is not much really changes you have a further I think if anything. It's further entrench meant on each side and so as a result I don't think there's any incentive for the president to change his negotiating strategy. Right now. But doesn't it hurt him it you know in terms of his popular hasn't. Now it hasn't yet the date you know the 25% tariffs on in fact. Got farmers the farmers in the midwest are getting hurt right there there's nine tons of soybeans not just getting hurt they're getting decimated the soybean exports to China we're down 94%. Month over month. From September to October. You make my argument for having the act I think what they still voted form. They get it this way that it doesn't matter like detained is just beginning. Of the unity the the real. Lee we have as a consumer. You trucks ought to has not experience any pain as a result that the terrorists. But that's accurate right I haven't built it not one IOA has not hit me yet. It's gonna hit me is gonna hit me pretty hard next year you go to buy TV next year you go to buy any kind of electronic devices. Any kind of clothing very good dignity you know lake apparel and electronics those are two categories that are really in the get tight next prices are gonna go. I still don't think it matters you know it's I look at what you saw there and even take a state like Iowa and went from three house seats Republican controlled. 23 house sees Democrat controlled. Still voted for prop Rupp Republican governor like it it's that there is no strong message in any of these races or any of these states. That suggests that apple what Iowa because you know I was kind of ground zero for some of these trade usual we talk about farmers and things like about him. That there was no impact there and they're the first ones who would have been effect. Eric coming up truck and I'll be discussing something we can agree on and that's marijuana to Hannah this Canada stocks. That's coming up next on the financial exchange. Like this on FaceBook and follow us on Twitter. Show breaking business news is always burst right here on the financial exchange radio network. Are you having problems the blocks incurred dream. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy calming at 781. 86 to 1190s that 781. 862. 1190. Or you can visit them on line at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 781. 862119. Know the. Our 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 -- -- 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 dizzy rent technology Obama called this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero and. Dot net as you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with a -- -- of -- -- -- can help time as an expert in this state claiming elder law and taxation and if -- in the process of -- -- you need to call him right now and get his new free guide to gifts or not -- -- in -- you'll find information related to the -- process -- Texas issues may arise from a significant -- -- at home -- vacation property and what happens to the -- of the child has -- issues these are all things that you need to consider is you begin your planning -- 866845699. And get this free guide to -- or not a -- that's 8668485699. -- Dolan has over thirty years experience helping families like -- let -- help you do call 8668485699. Or download the -- right now from our website -- exchange -- dot com. It's pretty hard to find a bank that -- -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so fury in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's -- all leader banks Zuma rewards account has a two point 05%. Annual percentage yield if you're searching for great rate it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at leader bank dot com. Deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until these reduce earnings rates have to change without notice leader back a step ahead member of the icy. Whether you're celebrating a milestone or diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 -- silver and gold bullion coins are now available at all -- bank locations bank locally and -- your gold -- -- just -- sense -- -- bank a call and learn -- call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and may go down in value -- back a step ahead this is a special announcement for a landlords chasing -- only rent payments and making trips to the bank to deposit checks take a hassle -- -- -- -- -- -- and leader banks all -- -- collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more would see -- your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months -- free for all landlords visit WWW -- he -- -- meant to learn more or call 7816418691. Time now for mostly watch a look at the market's performance so far today but I don't Berrian jug right here on the financial exchange radio network. Time now for Wall Street wants brought to you by leader banking with leaders. Who more rewards account to get 1% back with debit purchases and then 10% back. When you use your card featured businesses qualify for these and other rewards. Only to bank at 8776917900. Member FD I C. We are now joined by Mike Armstrong for Wall Street watching Michael start off with company that include your name and and that's Michael course what's going on them today. Yeah unfortunately no other connection first name. The larger good maker reported profit that was slightly above estimates but they had some pretty disappointing numbers in terms of revenue and account stores sales. A lot of this was caused by a weakness in Europe which quite frankly looks like it was just pour management execution on the part of Michael court date. And decreased supplies out there and and he ended up having such short it is product that word and equated. Paper during the last quarters they just could not. Basically just couldn't execute stock is down right now if he percent news. So there are 15% they're not having a great day. The company having a terrible day is Dean Foods down 26%. Right now in this company is now off 50% for the year what the hex going down. Yeah I mean just. Really you read you need to. Tough quarter that these guys they lost 28 cents a share the latest quarter which was considerably larger than BP and that was expected. Revenue was slightly above that commitment to care expenses they're just absolutely tackling right now painted area company. It's a very small company but I want to bring it up because down 26%. As we speak right now. And though lastly the last company world that is Wendy's there off a few percent as well. What's happening there. Called sales were off concept the sales fell by zero point 2%. It's not a you know dire scenario here investors are you know kind of paring back the losses on the down about three point six sent to you mentioned stoke. That it looked all right you quarterly profit was all right but can't salesman and I just that's slated now to stop coupled that. Good thank you Mike. Mike Armstrong with Wall Street watch. So Michigan becomes the tenth state chuck to allow recreational. Can't of this. And I got a kick out of some polling numbers I just want to share these with you didn't talk about it. Gallup surveyed 53% of Republicans nationwide said that they supported marijuana legalization compared to 71% of independent voters and 75%. Of Democrats. So Michigan becoming the tenth state. But clearly. It is time goes by. This is becoming more and more popular not only would Democrats now it's on both sides of the aisle and of course independents have always liked the idea candidates being legalized. Well and I'll tell you that the big one that I watched yesterday was the situation in Utah where. You talk he's going to end up with a medicinal marijuana bills not necessarily the one that they past year. Through this this ballot initiative they're go will likely do something else up through the legislature. But when you talk is getting on board with medical marijuana. There's something happening here you know it's the aids world war pass the point of no return. And I think this is a case and you've said hey we might have federal legal marijuana within the next two or three years when you taught is passing medicinal marijuana laws. I think you may be on the right. Track there. I talked to doctor last night and he said the anti inflammatory. Capabilities of candidates and and not to teach seat that the oils and whatnot. He said are fantastic in there having great success with prominent pain management and anti inflammatory so. I don't know where it stands that you know when you have another state like Michigan think about all the bordering states to Michigan as well now. Right it's like you you've got in Maine so anybody who lives in New Hampshire can drive or demeanor measures are grounded right now. It in and Rhode Island and Connecticut you think about the New England states that don't have recreational campus. Think about New York State right date anybody in new York and go to Massachusetts and by their other candidates. I just I I think this thing is going to move very rapid. The heat can't have what can national ballot it's always going to be state specific on this topic. Well I mean look you could always have congress vote to. No mean that that's the thing that you could always have his right now it's scheduled through the controlled substances act. If you know if they said look we want to pass a bill to Butte d.s schedule this that they could always do it. You know it's it's it's always something they can do organ at the FDAD schedule looks of it like there's ways that you can do it. And in look with the polling the way it is. I think there's a chance to get a but the news that the south is is kind of the hold out I mean you look at the map of of where it is. That the big place that doesn't have you know true medical marijuana right now. Two most southern states you know it's it is it's that's what it is at the moment. The ones that do have a have a limited TH C content which look for not trying to get high grade graduate you don't need it right but it. I look at and and I think VOA hold up is whether or not you get southern states on board but at this point it seems to be a matter of time. Or are Michigan when mistake I think they made I think recognizes down the road is. The Euro allow people to grow up to twelve marijuana plants are well proven on the peninsula glance. Oh now it isn't just a kiddie killed at hi my fingers know if you talk to the I talked to interviewed happy couple years ago that fell from Colorado running their program. And he told me it buried in big mistake the biggest single error we need in our campus legislation. Would allow people to grow personally because what happens news. If you can grow six plants. That's enough for. 510 people. In terms of their personal consumption. So it ends up where people are just you know selling it among themselves on the black market and they're not going to stores and by Cindy brought financially. Your a lot better off if you total failures citizenry. To grow it. You know people like it and twelve. In Michigan yeah people in the neighboring states be able to buy it just from you know cottage farmers people that are growing in the basement. Demi on popping up just in you know the litter missive a ficus tree or something like that it's all over the place and could very well be. Spoke seven doing business with the leader bank for many years and if you are in need of a bank with great rates on checking and savings accounts. Look no further than leader banks Zuma rewards account. Qualifying customers get 1% back on Deb it's 10% back it featured businesses with no minimum balance required and no monthly fees that's on all. We'd have banks who missed savings account it's got to 2.0 5% AP wire that's 2.0 5%. And it's a great perk presumed my customers. In now when you open a new account used the promo code buried. In if you qualify presumed or words before the end of the year you get an extra fifty dollars deposited into your account. Just use the promo code vary when you're opening your new account in person or online and if you're searching for great rate technical leader bank 877. 6917900. That's 8776917900. Or. Visit them online leader bank dot com minimum deposit open and earn AP wise ten dollars 2.0 3% interest rate mass residents only. These may reduce earnings rate subject to change without notice leader bank a step ahead member of the ice. Tucker I just wanted to go on the record here and let everybody know that according to our poll which is taking place at financial exchange showed dot com. 56%. Growth listeners think that the president does in fact get an infrastructure deal. Done with the Democrats and in my opinion that's gonna happen pretty quickly you can participate in the pole led visiting financial exchange showed up Tommy can text us. Our text number is 63566. I don't know where it ends up but I I'm still a lot and I'm gonna be the eternal optimist and think that we get that infrastructure deal done. Seven anyone writes in that Massachusetts. Is. Six agitating plants and six flowering plants that's twelve plants total what does that mean agitating places I mean like that are kind of Davey plants. And then six that are producing a lot of buds at those plants that are sitting on the couch because they got hot from themselves. None I think that's my interpretations. You can light. Begins six but it may take awhile to grow and then you can have six. Right for the victim a few icy icy okay well I did not know. Foxconn. Is looking to bring Chinese popular it actually. On techsters are. But you know no I mean like you rate unlike what it is. Let out of agitating Clinton's right now yeah yeah yeah it's there's actually just found a great website that says he'll different stages. I was the right one chuck I was the limits and not talk I give credit Tucker thank you know I know that he Tucker ever likes soccer may discuss is evident they beat you. Mom the boy in a I would talk a fox content in the first ball at the governor's race go in Wisconsin went Democrat. It did this was one that was pretty closely watched Scott Walker was going for his third term there. And he ended up losing by it was a pretty close race but he ended up losing. By about 30000 votes about one and a quarter percent. The Tony Evers Democrat there. And so Wisconsin's been this you kind of state it's gone back in force and I do wonder if this Foxconn deal as part of the reason. Why he actually lost. Well and and this announcement. Came out yesterday. I I cut this story just the 4 o'clock yesterday where Foxconn is saying well. You know we're not so crazy about American workers where we're gonna bring in some Chinese workers why would you like to be a Wisconsin resident curing them. Right you gave three billion dollars three billion with a B. And a billion dollars in tax incentives to try to lower Foxconn there just for thirteen thousand jobs mean on a per job basis it's one of the worst investments that I've seen. And then you go and find out oh by the way. We don't wanna hire the people that actually live here we're actually considering bringing in employees from China can they already know how we work and we don't think that we want to hire people from here. Like got a kick out of it though because when they interviewed Chinese engineers. The Chinese engineers are saying we wanted to go to receipt right Johnson. They'll pick but no thanks. It Ed it's so I think it get a Chinese engineer to go to are seen Wisconsin would makes him think they're gonna get. And engineers at University of Miami war northeast her were MIT to oversee. The receipt was. Well and in look if there's one thing that China's become famous for the last twenty years it's empty factories in malls and they could just have one in the US now. You make the. Up to me that they're the reason that. That I would be opposed to obelisk. It and I think everybody. In the United States should be opposed to because how do we know that the Chinese are gonna send. Their military people over right that they're sending military to colleges and universities in the United States Britain that are for effectively spies. So how do we know that these Chinese engineers Apollo that are supposed to be engineers are in fact despise that there they're planting or seen Wisconsin. Well I mean they're they're building you know TV screens so. It's not exactly national security type stuff I'm worried about. You know but you use your TV's spying on you that's right that's right right I know boy you know I understand this finding skilled labor is an issue. It is and it's not just in Wisconsin it's in Springfield Massachusetts it's in Providence, Rhode Island finding skilled labor. But there's room to pay people more to if you pay somebody enough money go go an American will take the job overseen. If you say it will pay ED grants at a seventy gravity can make by a work in in New Hampshire you know. My guess is Foxconn does not wanna pay the salaries the other big they used to what they're able to play in China and and it's probably the case like that they're not used to having to. Compete for workers the same way that you have to in the US. Not coming opera take a look at the oil market oil prices have been on the decline their teetering on bear market territory. I think it's good news chuck thinks it's bad news that's next on financial extra. It's hard to dial a phone or send an email list to dumb but it's easy to text we got and tech sign up and running when you can tell us what you think right now by texting us at 63566. You skewered Barry and join our exclusive club and this is the financial exchange radio network. This is very Armstrong saving for retirement is extremely important those of you who have put money away for later life are probably in pretty good shape but did you know that once you turn seventy to have you are required to start taking withdrawals from your retirement account of course questions to arise how much do they take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's you worst for free by calling 803934. Zeros or ones that guide will tell you how much you have to take out based on your age and it also explains an exception to the R&D rule as it pertains to your current employer plans call 803934. Zeros or one where you can download it right now for my website Armstrong advisory dot com. Securities are with the securities America incorporated members in as the PC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of -- let's -- senior partner with a -- -- of -- and -- can help time -- an expert -- -- -- -- elder law and taxation and if you're in the process of -- -- you need to call him right now and get his new free guide to gifts or not a -- in -- you'll find information related to the -- process -- -- issues may arise from a significant -- -- at home -- vacation property and what happens to the -- of the child has -- issues these are all things that you need to consider is you begin your planning -- call 866845699. And get this free guide to gifts or not a -- that's 8668485699. -- Dolan has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legal exchange -- dot com. Are you having problems with the blocks incur a drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently and believe me I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing and their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is called today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 7818621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. If you're real estate or property management company you -- -- 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 zero rent payment platform leader bank has -- 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 -- leader bank as they're banking partner call 8776917. To 900 or email BDO at leader bank dot com for more information member FDIC equal housing lender. Stay on top of breaking financial news by becoming a member of the carries brigades blog under financial exchange does come in sign up today. We have poll results related to whether or not president. In trouble if negotiated infrastructure deal with Democrats 57 point 14%. Think that the president can and will. Negotiate in infrastructure deal with the Democrats you could participate in our poll by visiting our website financial exchange showed dot com. Oil shock coming down prices at which I've I've tried to think. With the cause of waving to win out because of the Iran oil sanctions but didn't he Iran oil sanctions actually turn out to be non sanctions. And is there yet think that's why you've seen the price come down a little bit is just because we have pretty much the US said hey if you're buying oil from Iran. And take your time but yet you can have a little bit of little bit of a cushion to lie you know figure out if you wanna buy from somewhere else you know and in this have been a pretty quick dip your we were north of 76 almost 77 dollars a barrel. Back on October 3 and here we are today on November 7. Little bit more than a month later and just about 20% down I mean were were really in the on the brink of that bear market. In oil and I do think one of the things that things that is interesting here is this is the type of thing where. If you do see oil prices continue to fall let's say that you saw. You know further increases in supply coming out of OPEC which I don't think it's likely just because they're talking about cuts. But if you did see prices continue to fall. It's another thing that is going to hurt the US economy as a whole not so much here in the northeast. But big big swathes of the overall account of the overall economy that are based in places like Texas North Dakota Pennsylvania where you have a lot of fracking drilling that's going on. We sought back at the end of 2015. How much it hurt those parts of the country. If you see something similar here today at the same time that you've got rising interest rates and rising labor costs it's another potential factor that's to a slowdown heading into next year. If oil stays in the sixty to seventy range. I don't think it changes too much but we start getting down in the low fifties which would be another 20% dip from here which. Nope it's likely but I've given up on trying to predict oil prices so if you did see that happen. It potentially create some drag in this economy here. Kotsay is something it's that could really impact. Pricing is demand and yup you're seeing declines in demand you've seen the Chinese. Mandate these electric vehicles now. There they still have to generate the electricity but a lot of their electricity is being generated through coal. It's being generated through nuclear power being generated through natural gas. So you don't eat the icu days saying. Yeah now we read it because there's a pretty good. Increase in demand this year I think Europe like what one and a half 2% in terms demanded when he team in the ballpark they can't remember exactly what it was but yes somewhere around there. And the topic talking about sub 1% demand in 2019. And that's that's a big contributing factor towards price and because all it takes is. A 1%. Swing. In demand. And Beckett back and really wreak Havoc with pricing if you're trying to sell us. And it and then you ES save yourself what does that do. Domestically to our desire to produce and what does it do to our richt now you know how many people are going to be working in the oil fields. Well in to get further into kind of that demand in particular. One of the things that you're seeing in China aside from the official government data on. GDP which really isn't data at all it's pretty much whatever they want it to be. For they there is a league softening going on in China if you take a look at their manufacturing sector in the different components that make up. The sector that they do a purchasing managers index every month just like we do. Any it is that the data for the last three months is all rolling over at this point it is. Not in a particularly good spot right now. And it's the kind of thing that if those kinds of losses continue in manufacturing for China over the next few quarters. If it's going to result in further weakening of demand so. There's something very real what's happening in China it doesn't show opened GDP is it never will but if you take a look at what purchasing managers in and around China. Actually saying it suggests there's a real weakening that's happening there. Well in that may be part of the reason that we didn't see energy stocks rally in the last nine yup you know you you really didn't say I. I think a lot of people were skeptical as to whether or not pricing would remain in that you know seventy dollar plus range. Big question is where does settle I mean to your point it's trading at 6237. Now. You know one could argue that's kind of a goldilocks price because that inspires domestic production here in the United States. But it's not so expensive. Then it's you know strangling the American consumer is still by a gallon gas to 69 a gallon. At these prices so that could be good news. Elections have consequences. Of the consequences today is the stock market is up the Dow is up 256. Points the NASDAQ up. A 137. Points. And the Russell 2000 is up ten point. We'll have more financial talking more analysis of the market when we return to the finished. 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 co lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender. And MLS number 449250. Subject to credit approval leader bank a step ahead. Required minimum distributions are important and necessary if you were traditional IRA your employer sponsored plan when he turned seven in half it's time to take some money Colby Armstrong advisory group rate now at 803934001. Understanding required minimum distribution so that you're ready when your time comes that's 803934001. Or you can download the dead right now from our website Armstrong advisory dot com securities are -- series Merck incorporated number two wrestler DC advisory services are registered as American advisors incorporated Barry Armstrong represented their arms from advisory group the securities America companies are unaffiliated as you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with a -- -- of -- in -- can help time -- an expert and -- -- -- elder law and taxation and if -- in the process of -- -- you need to call him right now and get his new free guide to gifts or not a -- in -- you'll find information related to the -- process -- Texas issues may arise from a significant -- -- at home -- vacation property -- what happens to the -- of the child has -- issues these are all things that -- need to consider -- you begin your planning -- call 866845699. And get this free guide to gifts or not a -- that's 8668485699. -- -- has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legally exchange -- 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 produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the coldest he ran team at 781 at 6418691. That's 7816418691. Or visit C 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 78164186917816. The end of the year now in a few over age seventy and a half. And you have IRAs are 401 k.s are 403 B is yet have to take out those required distributions before the end of the year. Otherwise you face and penalties Mike how steeped in the penalties be on our d.s that are taken out. They can be very severe so. Let's say your first year required distribution is. 5000 dollars and you fail to take that money out you can be penalized. Up to one half. Of what you're supposed to take out but didn't so let's say you didn't take any of your required distribution you can be phased in IRS penalty in that case. Of 2500 dollars so it is a significant amount in in terms of you know that penalty it's not just that you face on that one year if you miss 2345. Years those penalty numbers to add up to significant amounts of money absolutely deserve this is something that you cannot ignore folks and if you find yourself where you find a loved one in the case where they. Aided in no about it largest beef failed to take action don't ignore address it. You know identify what the issue is how much you might oh. And get on it right away it might involve writing a letter to the IRS and explaining the situation but do not ignore the required distribution payments on your retirement accounts. Required minimum distributions can be a little scary but our strong advisory group has a new guide out this month titled required minimum distributions. To help answer all of your questions all you have to do to get it is call 800. 393. 4001. Or you can also downloaded for free at Armstrong advisory dot com. Once again that number is 803934001. Or Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. Are you having problems the blocked sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 119 B 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 781862119. No. This is very Armstrong saving for retirement is extremely important those of you who have put money away for later life are probably in pretty good shape but did you know that once you turn seventy in half you are required to start taking withdrawals from your retirement account of course questions to arise how much do they take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's you worst for free by calling 803934. Zeros or ones that guide we'll tell you how much you have to take out based on your age and it also explains an exception to the RMD rule as it pertains to your current employer plans call 803934. Zeros or one where you can download it right now for my website Armstrong advisory dot com. Terry suffered a securities America incorporated members in SAP C and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated. It's pretty hard to find a bank that as -- checking and savings account that can provided decent return and if you're in the market for one I've got to deal that you're gonna wanna check out this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's about all leader banks Zuma rewards account has a two point 05%. Annual percentage yield if you're searching for great rate it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at leader bank dot com. Minimum deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings were subject to change without notice leader bank a step ahead member of the icy. And me. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city. Your world stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the very Armstrong and chuck Exxon. You woke up this morning to lower. That the Republicans in fact did lose the House of Representatives to what degree is still being settled we've got races that won't be decided for. I don't know of the week or two and in the senate it appears as if the Republicans increased. There controls the senate to which degree again and you have to wait another month. Before you know the final numbers as a relates to sent. But what I can tell you it a lot of unknowns what I can type news that the market. Likes what it saw last night the Dallas at 273. Points the NASDAQ up 125 points. And the S&P 500 is up 34 points I like green and like I like it when the market goes up so we're talk about it Berrian truck with you here it's a Wednesday morning the day after the mid term elections pretty good participation numbers truck when you look at the number people who participated in the mid terms yesterday. It may be record setting. Yeah looks like based on the that early numbers that I've seen are 37%. Above what we saw back in 2014. So it's. You're you're talking just huge numbers here. Out of the graph final once for probably a weaker surges disease still gets a male ones provisional ballots that come in things like that. But it looks like it's somewhere in the ballpark. Of you know 37 to 40% higher in to give you some new numbers on gay ones last time we saw this. In Michigan this the highest mid term election turnout that they've seen in 56 years while. While yes that's that is now that's not to me that Michigan had 52% of the voting age population vote. That's pretty good for mid term right you know and it sets up well for the next presidential election which you know is gonna be hotly contested and I suspect there. Campaigning for that begins win yesterday first yes they yesterday but yes they around 1130. I I think a lot of us are kind of glad to have this went over and sent again if we're not gonna start up with a all over again. You know before you know. Yeah you're gonna have people start the other people are going to be losing New Hampshire and Iowa probably starting in about you know romanticizing mention you know getting into January that's where really buckle up it's time to do this puppy again. Now for those of us who were optimists we're wondering whether the president can get it infrastructure deal done with the Democrats. And that's a Democrat. Mandate at eight they want to do infrastructure. At least historically most wanted to do infrastructures the president's always wanted to do infrastructure so. I think he probably will that is our poll question today should elect to participate. Do you think president trump negotiates an infrastructure deal with the Democrats 59%. Of our audience so far thinks that he will you can participate in our poll. By visiting our website the website address financial exchange show dot com. Lot of people chuck are asking the question why are natural gas prices on the rise. Yeah and this is something that you know is is always interesting to watch just because. If it's one of those factors that is so much more weather dependent then just you know basic. You know gasoline prices or anything like that. In particular what you're seeing here. Is there was a big change. In the weather forecast in the last a few days. And so what you're seeing is that it looks like you can see some colder than average temperatures. Taking place across the northern part of the country and so you expect to see this throughout the midwest even down into Texas and parts of northern south in a Kentucky and Tennessee in places like that. So eager to get these cold burst that are coming through. And what that does. Is it. It adds to reopen a significant amount to the demand. Just because you have temperatures go down one degrees Taloqan to 1% in you know height in the amount of energy after used to keep that additional one degree. You've got to have your meal furnace running a whole lot longer in order to generate the heat you need so. Yet but that's a short term thing I mean they're talking about what date you're gonna have a cold snap for the next ten days that means OK you know. I dates are they suggesting that they can predict what the weather's going to be in December. No this this is just saying that you're going to see higher prices similar. Remember back in January of last year a lot of the northeast had the single digit temperatures yep Nat gas prices went up about 30% because that. Now they came back down loans as soon as the weather normalized but in the short term. Prices go up because all the utilities and they're saying gee we need to get more nasty Nat gas to where it needs to be for the short term and so prices do spike for the short term. And then the next summer the next new winter that's passed through his higher cost the than they have to pay for we have their future rate hikes. You reach a point there chuck. Is that the cost of the natural gas or that the cost of transporting the natural to us. What it's it's the cost of the natural gas you know it's it's not so much transporting it it's there's only so much that's out there right now and so it and when everyone starts beating against each other in order to get it. You know it's you look whether it's transported not it's it's the whole package its just. If everyone's bidding against each other. Yet prices are going to go up I mean it's it's a basic supply and demand market on the outside things so it's. It's not going to be this is not some it's gonna last for you know six months or a year. But producing higher Nat gas prices probably through Thanksgiving at least maybe into early December and then it's gonna be whether depend from them. Job openings outnumbered unemployed Americans by more than one million in the month of September that's the headline in the Wall Street Journal and chuck better off you'll remember but back in 2009. When we used to get the Jules trick meant. There would be seven. Applicants. For every job that was open remember that if you'd 2009 Indy you know they're being million jobs open that there be seven million unemployed. Now you've got. Seven million jobs opened the evil got six million unemployed. Yes we've got all these additional jobs open you don't have enough people to filming in this across the the board I mean we've talked about this. Out Poland where you see it doesn't matter if you're talking construction it doesn't matter if you're talking finance it doesn't matter if you're talking retail. No one can get enough workers today. And in particular. The big thing is that those higher turn over fields for lower paying jobs. They're not finding anywhere near the applicants they need and that means that wager going to have to continue to rise. In those lower paying jobs which is going to be good for people who don't have necessarily. The skills to get a higher paying job at the moment so we're talking. Food service retail places like that I think wage are still moving up for the foreseeable future. The thing that is interesting here is this the first month in a while that even though we still have north of seven million job openings. It was about a 4% decline from. August so. It is a little bit of a decline I don't know if that signals anything just his one month doesn't mean a whole lot right now. But if we get a couple more months of declines there it might suggest the companies start to pull back on hiring plan. Well and I think it is it also indicate struck a shift towards robotics I mean your seeing restaurants. Using more and more technology in robotics to cut that back on their headcount. And then I saw a story about Amazon. Amazon chuck did despite the fact that they're gonna ship what fifteen to 20% more this Christmas and they didn't last Christmas yup. They're hiring 20000. Fewer warehouse workers now what you put that in your pipe and smoke now think about that we'll put that my pipe and smoke. They get that that's a but that's a huge number would you just if you do the math on the you're talking about vote. You know. Dramatic decreases. In the number of warehouse workers required it and frankly that's grit a lot of job growth has been for the last five years. Amazon hiring warehouse if you look at the number warehouse workers. Amazon had five years ago seven years ago in nine years ago yup right. It's going up. But the rate at which it's going up started to decline and now it's actually going down big is that they're shipping more stuff with your workers. Yet they get they're getting more efficient at doing it which look it in the long we're and that's what we want to see from companies that's called productivity that's that's what's been missing from the US economy for the last decade really is productivity growth so that's what we want to see. Is that they say OK now we take the fact that we don't need all those workers going there. In hey here's these other seven million jobs that we have opened that are now able to be filled by those worker. Don't mix your politics with your wallet John O'Neill is used to say that Jason Berry you know you don't get. Concerned about politics as a relates to finances and he's always been very good and he's a conservative guy but he's always been very good. At you know saying okay what is the landscape look like go forward based on who's winning these various elections. Coming up we're going to be joined by Liz claimant from Fox Business I know many of you are disappointed with the election results from last night port talked to list. About the mid term elections and also how the market reacts and how the economy is going to respond to the change in the House of Representatives. That is next Lou is claimant Fox Business financial exchange. Business news is constantly break. And we're here to break it down and show what it means to your portfolio is the financial exchange with Barry Armstrong Jones soda on the financial exchange radio network. This is very Armstrong saving for retirement is extremely important to those of you who have put money away for later life are probably in pretty good shape but did you know that once you turn seventy to have you are required to start taking withdrawals from your retirement account of course questions to arise how much to like take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's your worst for free by calling 803934001. That guide we'll tell you how much you have to take out based on your age and it also explains an exception to the RMD rule as it pertains to your current employer plan call 803934. Zeros or one where you can download it right now from my web site Armstrong advisory dot com. To reserve with the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and or to companies are unaffiliated. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with a -- -- of -- and -- can help time is an expert -- -- -- -- elder law and taxation and if you're in the process of -- -- you need to call him right now and -- his new free guide to gifts or not a -- in -- you'll find information related to the -- process with Texas issues may arise from a significant -- -- at home -- vacation property and what happens to the -- of the child has -- issues these are all things that -- need to consider as you begin your planning -- 866845699. And get this free guide to gifts or not a -- -- 8668485699. -- Dolan has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legally exchange -- dot com. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently and believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 7818621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781862119. No. It's pretty hard to find a bank that -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's -- all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great great it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to sigma businesses that number again is 8776917900. Or visit them online at -- bank dot com. In a deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings re subject to change without notice leader bank a step ahead member of the icy. Be a part of the financial exchange in an instant. By texting us and 63566. Starter tell extra keyword Barry and become a member of our brand new text club tell us what you think 24/7. Break here on the financial exchange radio network. Many of us are glad it happened in mid term elections behind us it gives us a chance to. Focus on money and finance for the next couple years we're joined by at least claim it from the Fox Business Network. To talk about the results last night and how they might impact investing. For the next couple years this howry a. Good morning guys how are you doing. We're doing great we're doing great but we're in a lot of disagreement here. I mean the camp and I think the president is going to be greatly inspired to do some kind of a deal on infrastructure. Maybe something a little something on health care and may be meant something. On immigration what's your perspective do we get an infrastructure deal during the next I don't know 612 months. I get to be the tiebreaker here's. It but let me first couple of infrastructure. This is something both sides want. But it depends on the vehicles that will get that to the finish line of infrastructure bill. We are bumping up against two trillion dollar deficit. Our president trump put through that tax cut. And it ballooned the deficit to put it out that it. That paid tax cut equals stimulus and it definitely stimulated the economy the market by the way your chart at right now the Dallas at two under sixty reports of what my chart. But we can't continue on this path and if the Republicans that any step went left of being fiscal conservatives. It will not put in what the government paper infrastructure so. The Democrats have to sort of boot to the middle and the Republicans to boost to the middle and figure out weigh in whether it's a public private partnership. With the checks and balances that it. That may be an opportunity but again they've got to work to advertise and that becomes the problem that don't trap because see he locked. And his party lost house last night. He will stay restraint. But they won't be metal. It's not want to be as corporate equity gridlock he has people with expected it yes but to make up. This in terms of what when we talk about one of the things that you mentioned I do wanna talk deficit wise bird just the couple seconds on this. One of the things that I've noticed in the last year is you start to see more and more people mentioning the US debt as an issue specifically. Just the drying up of foreign buyers that you've seen over the last three to four years now. What does that mean going forward in terms of where rates go on what that does to this economy stripping out just the election here for a second. Well that's a good question and I'm of the police aren't that. People don't feel the deficit they see it as very scary number up on the screen and we didn't show it and the debt clock. Of the applicant 222320. Dollars. And they don't really think about it now in the debate like I don't even know what to do that it would that. Well when you have to pay back a well. You pay for stray just has surfaced the interest. All that much debt is billions and billions of dollars we got to figure out a way to bring that down. President Clinton. Able to do obviously it turned that deficit it was surplus. Boy that's been a rare in the air we'd love to see of the like that again but. We will have to watch the Federal Reserve and other top job for Albania are on our rate hikes have. December it's been a real opportunity and meeting next week but nobody expecting and it really happened. And I do really think that this is something where people will. We're confident of urgency rates situation right now but we also don't want to see real. Strength and the con. They're fine line up until we don't continue. To raise rates very gradually. You you are you talk about. Corporate earnings and profitability. We had a company appeared that filed for bankruptcy on Monday Liz and that was puppet gene knows and they cited. In their bankruptcy filing wages. And worker shortages. Do you think it is there any appetite to get some kind of an immigration deal done to create. Larger work forces so they eat you don't have this. Jolts report like we had yesterday which in many ways is a good report that said that got corporate leaders are going to the president saying hey. We need more workers we need. People that can come in and do these jobs. At at a price that while the company under. A typical price that the worker conversely. And wait I totally agree with you want about it back when you're out can get it done. Forget the game and you guys are but that's when he needs more Republicans senators or democratic senators my son last night. Was security senator Bob Menendez got reelected Democrat he was remembered again debate. They come together with an immigration plan the strength in the border. But was paired with the pathway to citizenship for people who were already hear it half and Hispanic on house wouldn't do anything. Now that an opposite GOP led house. If they can get a democratic house so I looked at what the gang of eight had done once again would be something. We could see some bipartisanship. On that would help company. I would also made that companies got a big corporate tax. We're going to be talking to a company Rockwell Automation big big manufacturing company in Milwaukee today papacy Il read in China and are desperate for skilled laborers but they're paying to try and train people. And it's a very tough situation. We need or are people who are willing to work and the jolt numbered job openings and labor turnover. Huge number means a lot of opening. People. Are are being able to pick which is wages are gonna go up an important question about you but like everything I'm buying. If not less expensive but war we can't simply should. So something's got it. Now wait till the terrorist Qichen in January Louis U that you have you got a population now wait wait wait till next year. You know apparatus he'll pare we talked smaller business is certain is that in South Carolina that it does scaffolding for the renovation of the statue of liberty. He's the big trouble he's set we we are stepping up or get out by Eric steel makers. On the price because they don't they camp out that there are such big deal Paris. The start of these smaller meeting inspectors of the go under I know that's not what president trump would like to see. But he might say yeah so you gotta finish on account here. Was when we talk about trade specifically and in terms of where things go on those negotiations. In my view one yesterday's election is that it doesn't really change anything there because all it does is further in trench. Kind of both parties more towards that the sides of things as opposed to coming back to the middle. Indeed get the sense there could be any progress made either the G-20 coming up or anything in the future that's as a result of mid terms. Oh I hope so and you know what Democrats have to do this to death outside a anything that trap for Republicans want is something we don't want and look at that the weight of it. But for president. We wanted US steel workers working on key down ironically Republicans. Just about writer back when President Obama tried to get it on we wanted. But China. As dot. So kick ass with the cheap goods and and help our US workers help our EU union workers. Well that this week the president that the trite and kind of took a page out of the democrats' playbook. But it should still be reading from the bank books they've always got by their that's my table let's look at that and say let's do something you're China. Has absolutely don't want our intellectual property there sport inherently unfair. Went any US company wants to go there. Put their stick down on the ground do business there and that's got stuck. President trying to. By the same token. We got to start betrayed you now because baited and Erica no longer be made in America need a simple but there Capital One of the complete line of American companies. Are sourced the Chinese. Material apart. So we we've got to figure this samples were things really get expensive companies are going under. Liz thank you very much for your time we know your busy today but we sure appreciate your joining us today it and I've worked equipment bought our. It's good to have lets loose claimant from the Fox Business Network joining us today. You know one of the things that we are gonna take a look at in the next segment is in where are these jobs you know what are the jobs that are. In the highest degree of demand and why is that important to you might have a grandson that's going to college but have a child that they can buckled back to school. What should they be study would. Professions are gonna create the greatest opportunity. We have study it from Linkedin and it talks about the most demand jobs the most in demand job recruiters are looking to fill. That is what will be talking about in the next segment on the day where the Dow is up two under for its. 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. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public ski senior partner with a laugh from of cushion in Dolan can help time as an expert in estate planning elder law and taxation and if you're in the process of legacy claiming you need to call him right now and get his new free guide to gifts or not a gift in it you'll find information related to the gifting process with Texas issues may arise from a significant gift click at home or vacation property. And what happens to the asset of the child has creditor issues these are all things that you need to consider as you begin your planning circle 866845699. And get this free guide to gifts or not a gift that's 8668485699. Cushing Dolan has over thirty years experience helping families like yours let them help you do call 8668485699. Or download the guide right now from our website legal exchange showed dot com. It's pretty hard to find a bank that has -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's -- all leader banks Zuma rewards account has two point 05%. Annual percentage yield if you're searching for great rate it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to -- businesses that number again is 8776917900. Or visit them online at leader bank dot com. Minimum deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees and reduce earnings were subject to change without notice leader bank a step ahead member of the icy. 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 that all kinds of trouble trying to get people who can come in and do capable. Qualified war I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices all easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous. They will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 1190s that 781. 8621190. 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 781862119. Know how it folks it's chuck and Mike from the financial exchange we're talking about required minimum distributions were getting towards the end of the year now. In a few over age seventy and a half. And you have IRAs are 401 k.s are 403 B is yet have to take out those required distributions before the end of the year. Otherwise you face some penalties Mike how steeped in the penalties be on our d.s that are taken out. They can be very severe so. Let's say your first year required distribution is. 5000 dollars and you fail to take that money out you can be penalized. Two and one half. Of what you're supposed to take out but didn't so let's say you didn't take any of your part distribution you can be faced an IRS penalty in that case. Of 2500 dollars so it is a significant amount. In in terms of you know that penalty it's not just that you faced on that one year if you miss 2345. Years those penalty numbers to add up to significant amounts of money absolutely deserve this is something that you cannot ignore folks and if you find yourself where you find a loved one in the case where they. Aided and know about it largest beef failed to take action don't ignore address it. You know identify what the issue is how much you might oh. And get on it right away it might involve writing a letter to the IRS and explaining the situation but do not ignore the required distribution payments on your retirement account. It's required minimum distributions can be a little scary but our strong advisory group has a new guide out this month titled required minimum distributions to help answer all of your questions. All you have to do to get it is call 80393. 4001. Or you can also downloaded for free at Armstrong advisory dot com once again that number is 800. 3934001. Or Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you missed any part of today's show not to worry good financial exchange showed dunk comment click the listen. Then click on demand and catch up on every segment. You'll also find podcasts of all of our full show us just Punjab that listen button had financial exchange show does come. Our trivia contest has brought to you by seasons 52 day 43 locations nationwide including two in the Boston area. And one in West Palm Beach, Florida. Seasons fifty twos on a mission a mission to provide you with a better way to eat. Visit seasons 52 today in Burlington chest and bill. Or Palm Beach Gardens or go to seasons 52 dot com for menu information and reservations booked your holiday party today. Get a special gift for all of your guests and if you are that Victor. Of today's trivia contest you'll receive a fifty dollar gift certificate to seasons institute and get ready. Because what you wanna do is correct the answer to us are. Text the answer to us our text number is 63566. Yet put my first name it's Barry BA RY. At the beginning of your text message and then the correct answer to that question. We're talking about Canadian songwriter Neil Young he was born. 73. Years ago this week he will be the topic of today's trivia questions. Neil Young. Partnered with Stevens bills to form the band Buffalo Springfield in 1966. What is the title of Neil young's only number one hit in texting question I think a lot of you get the answer to that. 63566. Is that tech's number. My first name buried at the beginning of the Texan and the answer to what is the title you'll young's only. Number one hit you win a fifty dollar gift certificate is so Lois select few. As our Victor. Chocolates go back to the story about Linkedin. We came across this last night on business insider and you know we all want the best for our kids and our grandchildren. If you're thinking about going into line of study. What are we are the jobs we're here that jobs were people are gonna make a whole lot of money and have a lot of opportunity for career that's been going for. Dual my opinion early instance. Well let's start with Lincoln's first and then leave who will come back up I suspect you're gonna say health care. But no I'm not you not know. I'm not so. If if we take a look at. The jobs that they haven't linked in publishes. Their quote most recruited jobs of each year. The number one job that was on that list okay is what is called. A dim ops engineer and most people listening probably went what the heck did chuck to say is that even English the answer is yes it is English. A dev ops engineered short for development operations. And pretty much. What it is it is a person. Primarily involved in software engineering. Who helps to build tools and practices to help other engineers. Code more rapidly in code more efficiently so is someone. To effectively. Eight colder who helps other co owners be more efficient so someone who's building back in infrastructure for other code or some things along those lines. And so. That job according to what the data that Linkedin has the average base salary comes in a 125714. Dollars a year. Pays pretty well you know you're talking you know significantly. Higher wage than when you get on the national average. The downside. Okay is in order to get these types of positions. It's not something that usually getting it right out of you know high school or even right out of college it's for you kind of have to prove yourself it's there's a visit track record that gap to have in order to get there. And so there's a lot of schooling that you have to go through and you have to spend a couple years on earning you know you're keep in being able to show that you're willing to be able to take on this kind of role. Again it and I just look at what icy out there today if I were pushing a child of my own which I don't have a number reminded that every day by UN talker. If I had a child of my own today. I would be strongly consider strongly pushing them to consider the trades because there's jobs can't be outsourced we don't have enough people in the to begin with. And you get all kinds of stability and benefits the not a lot of the jobs offered today. Yeah as specific trait that carpentry year electrician while older I would is like electricity just as it makes things move. That's a personal thing not based on wages or anything. I'll tell you what plumbers are highly in demand is ever won when everything will plumber and again it's it's one of these things that stigma ties because all we think of what we think of plumber. Is a guy bending over toilet that's old. What plumbers do most the time they spend most the time over toilet like that's just not what the job is but that's what we think of and so plumbers you can actually get re usually really good wages there in you don't actually spend most of time just fixing broken toilet seats and stuff like that. And plumber is that. Folks if you are at or near retirement age. Legacy planning is something that you're going to want to be mindful he goes without saying. That we want to leave our children in great shape if we can but gifting our assets via a home or vacation property. But I can create a huge capital gains tax problem if the kids choose to sell the home. Todd what's key is an expert in elder law and taxation means to help them pay and was like yours with their state planning needs. For years let him help you too if you're beginning to think about legacy planning for your family. Call for tots brand new guide to gifts or not to gift at 866848. 5699. Gifting assets to our children it it has a special place the special meaning in our lives. But if the children have creditor issues or if they go through divorce. Bigger and all kinds of problems that could be disastrous. Protect yourself and your family. By dating this free guide to gift or not to gift you've worked a lifetime accumulating wealth. Now you have to make sure you spend a few hours to make sure it stays near family the right way. Call 8668485699. That's 866848. 5699. Or you can also download it right now at the legal exchange show dot com. You know chuck I'm looking at GE I don't know why do this myself torture and they do it's down another 2.4. 7% 23 cents a share down today at nine dollars. And nineteen cents a share I did see an announcement I think it was in the Wall Street Journal last night. That they are selling off they're LED business to American industrial partners they're ridiculous the price that they got to the. Note that it looks like it's an undisclosed amount by the way do you know how stock goes down 50% a year. Now it loses 30% then another 30%. And so that's what keeps happening to GE's we keep saying gee what they're off 30% how much worse could again. And then it happens again it's it's it's just the perpetual third the year 30% down for G east so. The other selling is fairly deep business to a company called. American industrial partners that about a billion dollars in sales in this business last year. LEDs are becoming really popular is the cost has come down and they've improved the technology to make him look more like the traditional incandescent lights that we use. Buts that the issue that you're seeing in this business. Is because there's so much competition here. That the margins are really thin these days it's it's there's not a whole lot of profit here and so I think that's why GE is selling this business off. Is just as they say look it's it generates revenue but not much else. But I keep coming back to the question is gee you look at volume due celebrity off what's left. Well and I think that's what the market is concluding his world track and me the you know the that big. Now pension obligation to their retirees that they have to take June. You know when you sell everything coffee yet you make you pay your pensioners but their might literally be no company left the mean. At nine dollars a share I haven't looked at their market capital while but it. That's 79 billion dollar company still good sized company that. Poorly you know that their credit downgrades. I mean date GE. Used to be the gold standard these to have the top credit rating about talk about that long ago in a target ten years ago GE was it. Highly rated financial institution. Today they're just barely out of junk bonds that us. Born in in the questioned that I have it's kind of interest now so having sold this blading unit off that was LED business. What they have that still consumer facing instead of going to be to be sales you know it's now that they they got rid of their clients' business you know that there they've gotten rid of a lot of the consumer facing aspects of GE. Pretty much I mean again the things they have left they've got jet engines which they still make a ton of and they make really good ones but how much growth is there in that business. They've got you know wind turbines and get their power division they can't sell off to anyone in the they've got GE medical. I just don't know where the growth is gonna come from. If the new CEO Larry Culp piece at a M by a couple million dollar for the stock I didn't take much. United that didn't give me any reason to get excited about their company known notes that you should awaited day. That coming up we're talk about Maxine wall waters. She's probably could take over. The house panel that oversees big banks what does that mean for the financial sector will talk about that it will have the answer to or trivia question. When we return to the financial exchange. The financial exchange. His role hurdle in England and also now in West Palm Beach, Florida. Check out our website at financial exchange showed dot com and find the station closest to you. This is the financial exchange radio network. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with -- -- -- of -- -- -- can help time is an expert -- -- -- -- elder law and taxation and if -- in the process of -- -- you need to call him right now and get his new free guide to gifts or not to -- in -- you'll find information related to the -- process with Texas issues may arise from a significant -- -- at home -- vacation property and what happens to the -- of the child has -- issues these are all things that you need to consider -- you begin your planning -- 866845699. And get this free guide to gifts or not -- -- that's 8668485699. -- Dolan has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legally exchange -- dot com. It's pretty hard to find a bank that as a checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at -- bank dot com. Minimum deposit to open and an annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings re subject to change without notice leader bank a step ahead member of the icy. Is very Armstrong saving for retirement is extremely important those of you who have put money away for later life are probably in pretty good shape but did you know that once you turn seventy and a half you are required to start taking withdrawals from your retirement account of course questions to arise how much do -- take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's you worst for free by calling 803934. Zeros or ones that guide will tell you how much you have to take out based on your age and it also explains an exception to the R&D rule as it pertains to your current employer plans call 803934. Zeros or one where you can download it right now for my website Armstrong advisory. Dot com securities offered to securities America incorporated members in SIPC and advisory service is over 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 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 781862. 119. 781. 862. 1190. Or you can visit them on line. At easy plumbing MA dot com for more information Massa master license number 10183. Again the number is 781862119. No. Security suffered through securities America income member finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated the markets are still lol lol yeah. Get our weekly monthly recap about becoming a member of berries brigades music financial exchange showed Don coming sign up today. We ask you this trivia question what is the title of Neil young's only number one hit. Released in 1972 heart of gold was Neil young's only songs to reach the number one spot on the bill or 100. The winner on this question was mark for East Falmouth and mark's take no me fifty dollar gift certificate seasons 52. With 43 locations nationwide including two in the Boston area. And then one in West Palm Beach seasons 52 was on a mission and that mission is to provide you with a better way to eat. Visit seasons 52 today in Burlington. Chestnut Hill or Palm Beach Gardens or go to seasons 52 dot com for menu information and reservations. After holiday party today get a special gift for. All of you war. All right well the polling is completed as it relates to our infrastructure question we asked you to participate in our poll in new data in a resounding fashion. Do you think president trump negotiate an infrastructure deal with the Democrats 64 point 1%. Of our audience says yes. 35%. Sides with chuck prince's new. And I think yours is more from the standpoint you don't think the Democrats who participate are you just victors Stonewall him for the next two years. I just don't think there's any incentive for anyone to participate. And you know if there's a list they want it like to do the right thing for the country is that possible I mean with congress anything's possible but you know not yet we we've got a nice long track record here that suggests it's improbable. Let's talk about Maxine Waters is talking about in probability. She is going to head up the financial service committee mostly right. Yes she's going to be heading up the house financial services committee. And you know waters as someone who's called for higher and in any increased regulation. Of the big banks in the US which it has some that does place her in direct conflict. With a lot of the the deregulation that president trump has been pushing. Over the last two years and so. This is going to be you know something that's really interesting to see what she does now that she is in charge of the financial services committee. Opted to put this in perspective BO some of the things she's called for now under her leadership. The committee's Democrats last year issued a report called for Wells Fargo to shut their doors permanently following some of the scandals they've gone through in the last years she's nuts now ice as bad as those of the war now I don't think that that's necessarily realistic I don't think you're shutting down Wells Fargo. Because they opened up you know because they've actually did some bad things but not to the point of shutting them down what you are caused the financial crisis that's a good way to start well and it looked the way I look at this is it's okay to make those calls when you are not the party in power. Or it's far more challenging when you actually can pull the strings to say something like that so I don't anticipate you're going to be hearing things. Along those lines simply because. It's it's not realistic it you know but it. Expense in but imagine chuck last night if some by some fluke the Democrats had taken the senate I mean you look at some of the senate races. Down in Texas I was surprised at how close that was between Rourke and and crews. It you know that if that flips the other way and the Republicans are the Democrats control the senate you'd have Elizabeth Warren and Maxine Waters. On on going after these banks and financial institutions. It would be unbelievable and if I had wheels I'd be a bicycle. Well play you know play the fact is Republicans gained is a bigger majority in the senate Democrats have the house and they're gonna have to deal with that. Either you guys cooking for Thanksgiving chuck Tucker I so we always do way friends giving where we have a bunch of our friends over couple weeks before Thanksgiving. So underwent two turkeys this weekend actually. Earlier tonight Buick deep primal on us all on bake you one now and then they're roasting wanna guess not. Speaking roasting one and then I'm smoking the other one action allow -- yeah Perry so I gotta get up for him to get this thing in the smoker early enough to get it finished for dinner but as a how many hours to smoked Turkey in and helping Turkey it depends on the size that your yes the one in the ovens going to be about nineteen pounds the one in the smokers about twelve. And so I'm I'm gearing towards an hour per pound in the smoker so it's going to be about twelve hours I think. To get it done between 225 into fifty for the temperature there. So I'm more concerned about Thanksgiving Day. And does that have but I did read Tucker this whole foods is going to be on standby so if you forget something they're gonna have one hour deliver from whole foods Thanksgiving I don't. It's actually a really good idea for them and I think it's a good way they can test out if this is going to be feasible in the long term getting down to shorter delivery times. As if they can get down to one hour consistently. Debt makes their delivery a lot more. Active let's go for emergency situations to. Yeah which Thanksgiving would call aliens or wit that they mean it happens every year capitalist Esther now. We forget. Look it's a long story very long story short that Turkey was ruined so we have to go out and at Thanksgiving morning get a Turkey so we. We have one when I was growing up where you know got to be around 3 o'clock we are about an hour or two away from where Thanksgiving dinner was supposed to be her. And we realized that we put Turkey in the on the not turned on the oven. All. Books a nice room temperature another round of drinks please ask another round of drinks have a more appetizers kind of deal and a six under ordinary dinner at eight no problem. So. The movies this is it is an uninteresting approached by. Whole foods but boy you talk about happened staff match with the have to pay people to work on Thanksgiving Day I mean I would won I would want to be just pay me. Triple top. I'd imagine it's probably double yeah I mean if your if those people or make you we know whole foods is an Amazon companies say they're making at least fifteen bucks an hour so I'd imagine the people Thanksgiving Day are going to be doing at least thirty bucks an hour. I would hope so brutal so engagement the Dave the value they should also have pricing power. Right where they could charge a loft whatever it is indeed have delivered and think there's some kind of minimum dollar amount you'd have to. Order in order to get that free delivery and now I didn't see any minimum for this one but it's I would imagine there is but it didn't specify in the press release that I saw. Now are you surprised by the market's rally were 300 points on the down well one point 2% when I'm really surprised that especially given the president's comments. The nasdaq's up 2% he's talking about you know going after some of these tech companies and breaking a mop it and you know lot of regulation protect. It tech companies are 2% I'm not surprised the market. Rally I'm surprised at where it's coming from someone like what you're talking about with him tech being up that much. I am very surprised that health care is up two point 6% today. So you know that's that's one where you talk about you know OK what's going on there that that's a real question. And what I'm not necessarily surprised about is. We continue to see you know some some pressures as far as inflation in things like that that we have potentially in a normal and economy. Would lead to higher interest rates which helped financials. But finances are the worst performing sector today in I think it's just because there's still some concern out there. About some of these new international things that may continue to slow things down with regards to eventually spilling into the US economy. Well and perhaps seductive to get the four hikes that a lot of people are still anticipating as with a group last night near convince Alia we're gonna get another hike this year and for hikes next year exit guys I think your off base on one hike. One hike next year one hike this year where your your Q war guy right two more. The Dow up 309 points. Price of crude oil continues to decline which I perceive to be good news for crude oil trading at 6192. Per barrel and gold is two dollars an ounce at 122850. Rounds struck it very will be back tomorrow with another edition of the financial.