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Full Show 11-8-18

Nov 8, 2018|

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This is the financial exchange with the very Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck. So. I was wrong and chuck was right the way he uttering those words when I talking about. Interest rates and mortgages. You know when interest rates started going up by said and it's not a big deal I've ever find houses and I've paid twelve and 13% mortgage rates and still it managed to buy a house somehow. Trucks that know the market cannot sustain in the housing market will not sustain higher interest rates tighter but it's aryan chuck here. It's a Thursday. And chuck you're right I said today you know the market be fine with the with a little bit higher interest rates not so much we we're learning that mortgage applications dropped to a four year low. As interest rates hit an eight year high. In a particular applications to purchase a home. Those were really kind of leading this volume lower they were down 5% for the week to the lowest level in two years overall mortgage volume including refi is as you mentioned. It is down to its lowest level in four years refi is now make up just 39 point 1% of total applications. In another sign that you are seeing. Additional stress on this market. The adjustable rate mortgage share of activity. Increased to seven point 8% people typically turned to adjust the bulls because the teaser rates for those first either 57. Or maybe three years. Are lower and then it just up higher so that he would try to you know get into something. Today kind of you know putting their pain off to later but a higher share of mortgages going adjustable rate. Is it a good sign either there it it suggests more affordability problems. You know the good thing it occurs to me chuck is we we have the bar higher mortgage rates. Input costs to build a house Sarah right just yet higher costs for timber higher costs for all the raw materials to go into a house yup. Regulations are higher rate easy you know you look at the states and towns they've gone crazy in terms of with they may end date. As it relates to home construction and then you've got labor cost basic construction labor now this thirty bucks an hour you're retired electrician or plumber somebody specialized. Euro higher pay more than thirty dollars are so he's it's beats this perfect storm. For housing. Perfect meaning really bad. Because mortgage rates are up labor costs are up in input costs are up in government regulations are so the hope for homebuilders getting killed. Well it in that that it continued focus then turns to the Fed and I think the real question is. You know who is Jay Powell going to be closer to in terms of his his strategy at this point. Is he more closely aligned with Janet Yellen and Ben Bernanke and saying look. I'd rather keep rates low just to make sure that we don't throw the economy into a tailspin doesn't seem like that's the case now that we're getting to know him better. Or does he till more towards the Paul Volcker side where he says look. I'm gonna raise rates to keep the yet to it to keep the dollar strong even if it means weakening the US economy in the short term I mean that's. Paul Volcker effectively through the US economy into a recession in order to save the dollar. I don't know what Jay Powell's going to do that but his comments suggest that he's not opposed to it. Well and he's getting a lot of pressure politically and that political pressure I think will tend to make him the and act in a more independent fashion you know as the president is jawboning him to leave interest rates a loner lower interest rates. You know if you're the badgers must be an independent body you're supposed to. Kind of do what's the right. In the in the coming months we are getting a meeting today we're not anticipating any kind of a hike today but it's widely anticipated chucked it we will get a rate increase in December. Yep you take a look at the betting markets right now that the Chicago Mercantile Exchange puts up just neo really the futures markets for how people try to hedge and you know predict what's going to happen. Right now we are up to win 81%. Chance of one or more hikes bide the December meeting so. It suggests were not all systems go right now. But if the data over the next three weeks comes out is consistent with what we've seen throughout the fall. You're gonna see a hike in December. Markets are down a little bit today we had a tremendous rally yesterday. And last night I was looking at some of the records that were set with a two when he eighteen mid term elections struck we've never seen anything like this before. He's the amount of money spent. The battle women that or running we we it we have to Muslim with wouldn't that one office for the first time ever so it's it's reduced the what struck you when you look through all the statistics. And the records were set what caught your rise in what do you think was most poignant. In a we talk in in in in what sense. You know like I'm looking at the amount of money if you think that really struck me one stat that really struck me. Is the number people who quote you know YouTube had what forty million people I think it was 39 million. Voted early. You know I think the previous high for voting early truck was when he. Yen and part of that's just as more states continue to add early voting it's been something that's been ruled out in the number of them recently disclosed on states didn't used to allow. But I think what is particularly interesting here is you know went when you take a look and again that. The politics I don't necessarily understand all of it but what's interesting here. Is you look at all of the money that was poured in and into me it's not just the total that was poured in. But where it was coming from you know you if you look at where money is coming from in these mid term elections right now. And there are an awful lot of it we we continue to see this more and more small donations and more candidates in particular. Who are saying no to all of that pac money. It and that's something that is interstate. Because it does represent the potential for a fundamental see change if you see candidates start issuing that you know pac money. Not in large numbers that's something that could. Really haven't impacted going forward. When we talked about policy once these candidates are in office that is something that bears watching to me. From a policy perspective. In a lot of young people vote de young young people under thirty. Voting which is highly unusual isn't it if I usual for them devoted all but really unusual to see the vote in a midterm. Yet in in in this is one of those things that I don't. Think it necessarily is the start of a new trend in the reason for that is that we've seen this story before with young voters where it. Especially for that. Demographic. It much it's much more about the specific candidate in a lot of cases then anything else. If you go back and look at 2008 as an example UN huge young voter surge is because of President Obama. This year you have huge surges in Tex in particular because of being able Rourke and Soka you know you you look at this and I don't think that's anything that anyone necessarily banks on happening two years now just because. Young voters are historically the most on reliable voters out there because you know literally they say oh GM got a basketball game that day I can't vote. Nearly did it's it's you know kinda stuff that happens. What's what's your take away from the 103. Women that will be in congress now is their son is it just simply a function of more women working outside the home early actors that's a record number doubt a 103 women in the house and yet ten female senators. Both are at all time highs as I understand it. You're gonna see more and 2018. RF you weren't going to see more and 2018 especially seeing the success that a lot of these women candidates have on the ballot. You're going to see more women running for office in 2018. And I think that this is a trend unlike young young people voting. More women coming in the public office is a trend that is here to stay. Not sure that's a bad thing. I think I think it's a great thing I mean you look at it again and in the senate you're still neo significantly. Under represented there by one else. You know youngest woman ever elected to congress to when he nine years old right that that that's. Italy changing of the guard if you will. And then. Two Muslim woman Democrats who run ball Omar from Minnesota. And another Democrat. From Michigan. Two elected to congress Muslim. We have music you're seeing some big big things happening. When it comes to the diversity in congress and the senate at this point. And this is something continue to watch this this is going to continue to happen as he had in the twenty team. I see the country's changing you know it's it ended it's always changing it's been changing for the last you know 250 years that. If it church seems to be change in pretty rapidly now our poll question today news. Did you vote in the mid terms how do you participate in the post very easy just go to our website financial exchange showed dot com. I suspect we'll that a high percentage. Of our audience vote in the mid terms would like to know we don't care who you voted for just one note if you. Participated we think the total number to automatically happening right the total number of people who participated in the mid terms. We we have. It doesn't include necessarily all of the mail and votes just as they're still running a lot of those in provisional ballots. We know it is north of a 114. Million which is a 37%. Increase over 24 up over yet when he fourteen. So you're you're talking you know significant increases. Potentially you know we might get up to you know a 40% surge in turnout for these mid terms here. Holy smokes that's amazing. They coming up we're have a conversation regarding oil oil. Is I believe if it's still down today. We're gonna be in our ninth. Be in a row with decreasing. Oil prices are Molly and on that. Chuck as you know takes the opposite side of that trade will talk about whale and where it's headed when we return to the financial exchange. For breaking financial news. The financial exchange we 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 than -- banks -- rewards account qualifying customers will receive 1% back on debit charges 10% back at -- businesses no minimum balances required -- there are no monthly fees but that's not all leader bank's consumer savings account has a two point 05%. 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I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable Palmer with fair competitive prices. All easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862. 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. 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 you guys are providing two point 05%. EPY. On that account how do you do. 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It's it's something that customers would do anyways using right now rightly gets great benefit. 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. Bounces up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them online leader bank dot com. It's called Zuma rewards account ZEUGMA. 8776917900. Securities offered to securities America ain't members finreg SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word. Married to 63566. Send your first and last name and get involved today you're listening to the financial exchange radio network. We're getting divergent reports as a relates to oil. The Wall Street Journal reporting that last week we set a record. Eleven point six million barrels a day of oil produced him believe that makes us number one in the world in terms of oil production. And yet. We're doing that truck with the oil prices on the decline you're down 28 cents a barrel it got them pretty close to correction territory 6139. A barrel of oil. Yeah and you've got US production in the last. Two and a half years really has gone from about eight point one million barrels day up to that eleven point six that you mentioned so its two and a half million barrel a day uptick there. It represents about a 30% increase in US production over that time. As you know look I I've given up trying to predict where oils gonna go because you know I and I I click around on CNBC and curious and you know you CEO Jim Cramer says oil could go the forties that it's energy strategist says could go to eighty so. I don't know who to believe I don't know what the truth news. What I do know is if oil does continue to decline if you CA go into the low fifties and into the forties if that is a case that does happen. You know you've got problems in the US when it comes to growth rate and you you just because you'll see all of the investment is load in. A significant chunk of that is gonna have to flow back out in terms of take companies cutting capex and things like that. An oil in the forties is a dangerous dangerous thing for the US right now. He kind of curious why Saudi Arabia wouldn't Jack up their production of oil. To shut us down break it because they could do pretty easily they could go make your producing around eleven million barrels a day. If they were to get together with a few other OPEC countries in Russia used or Russian that the knicks. And say hey let's Jack this thing up our production and drive oil back down in his thirties again because. You're right our cost of production we don't really know what it is but speculation is that it's you know somewhere between forty and fifty bucks a barrel to get it out of the ground. And we know the producers were making any money in the first half of the year. It's got to be tempting for Saudi Arabia how to put the kibosh on American production they can't be induced by the fact that we're producing eleven point six million barrels a day why. While because it eats into their market share write a Saudi Arabia wants to maintain their market share. And for them to eat if they want to kill us in terms of market share while they have to do is drive the cost. It down right in it and and all the sudden we're we're out of business we you know at the problem they have. Is they thought we couldn't come back online quickly we came back online pretty quickly we dropped our production when prices cratered. But then we came back up we had weeks where the recount was grown by 2030 a week. Well I think also when it comes to give those types of situations that there's some pretty you know beyond simply the economic concerns. There are you know obviously the the geopolitical concerns in the Middle East that as a relates to you know lower oil prices and what that does to that region in particular. You know we saw Saudi Arabia. Not able to really function too well with lower oil prices either just because. Dale we have so much BO pin to upgrade that they only have so much pent up foreign exchange reserves in if they have to start tapping into that just to pay their bills. It creates some real problems with. So. I think what could they certainly boost production if they wanna do yeah they could. I don't really see an incentive for them to do that at this point they're not really cutting production either. But they don't seem to be too concerned about market share right now you know even though that was the that what they were kind of touting a few years back so it's. I always struggle with trying to figure out where oil's going to go. But the thing I will tell you with certainty is oil heading back down into the forties would not be a good thing for the US economy. You know it's who it's interesting to them truck is you we had a pretty good increased demand here in twenty team I think we're gonna be finish up it globally. Probably up about one and a half 2% in terms of consumption world worldwide. You can't anticipate that that's gonna maintain going forward right I I can't think that. Demand is gonna slow down going forward at all these electric cars coming on line now a British do story later on scooters. More public transportation being built. You know it more alternative sources of energy. In alternate strategy. A solar and wind being created. Kind of makes you wonder. Win the that the pendulum swings and we start consuming. Less in terms of oil in the thick that's it that's a possibility at 510 years where oil consumption actually declines. Cool here's so. Yes and if it is possible but OK the bigger. Factors that's going to influence oil prices is gonna be Chinese and Indian demand you know just because that's where the growth is happening in demand right now. Right and so part of the reason why you see oil rolling over somewhat. Is because the Chinese economy. Is rolling over someone at the moment you know that's that is the biggest factor right now China's going out there buying twenty plus million vehicles a year. That are coming on to their roads. In those are not from people who own cars now in all circumstances. Those are people who have never owned a vehicle before in a lot of cases so the demand is ramping up pretty rapidly there. It in that's why when you see the Chinese economy rolling over as it does. It has an outsize impact here but. Yeah if you see oil prices down in the forty range and it's only gonna add to the issue that we're seeing with housing and things like that. Those the kinds of things that make 2019 look a little bit spooky out there. I I agree with you put a lot of the increased Chinese production truck is in the form of electric cars you know Volkswagen Chevrolet. General Motors. In a lot of electric cars being sold in China is not gonna compensate for the increased demand. What are what are we what do you mean well try uses decreasing demand greatly China is not selling that they. That they have they have problems in terms of people aren't driving as much Landers Dan apparently they're still sell and what you say 25 million cars a year yes. So if they're solid 25 million cars that five million of those are four million of those are electric they're not anywhere near that. They're come and tell you you look it with their mandated what do they mean to 88% must be electric car. Yes that B two million vehicles you know like it's it's a drop in the bucket on a Tony China is the only if they aren't in terms of weed we always talk bad swing producers in terms of you know who's the swing producer of oil. China is has become the swing consumer in that how would their economy moves that's how you're going to see prices and oil move on the demand side. India is a little bit behind them but they're they're ramping up as. Well you know what are the unintended consequences. Of our. Embargo or sanctions against Iran is that Russia is a big beneficiary of those sanctions so. You know week yet he can't by Iran you know France can't buy their oil from. Iran anymore but think about now to another place those orders with rush I'm not sure we're ready better Rauf and any safer. Doing business and encouraging for its predecessor great were to do business with Russia that we are with them doing business with Iran. Well it in this is why the Iran deal was put in place to begin with now pretty much because all the buyers said look if we don't come do you know some kind of agreement we're gonna go behind your back anyways and by M and that's what you're seeing here. Well they're they're they're doing it through rush at the buying so Russia's buying Ronnie in oil a lot of barter basis right. And then their shifting the Russian oil which is the same ironically. In terms of sweetness of the group they're sending Iran in the oil to you know countries that have sanctions and are not allowed to by Iran. Right it's a big winner in this is Vladimir Putin is our sank to third place who benefits. Now. You were eight Iran it is really getting hurt and Vladimir Putin's wooden they wouldn't like. Champ. Yup it's this is why don't think those sanctions are going to have the effect people believe they do. Now markets are open today Dow's down eighteen points Michael Armstrong would artisan few minutes into the some market update that. Up next are we talking about a new way to get to New York City. They have to take a seat plane potentially out of Boston and into. I think it's the west side of New York talk about that when we return to the financial. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. 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. 86 to 1190s that 781. 8621190. Or you can visit them on line at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. Know that. 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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 -- let's -- senior partner with a -- -- of -- -- -- can help time as an expert -- -- 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 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 is you begin your planning -- 8668485699. 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 legal exchange -- dot com. It's pretty hard to find a bank that as a 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 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 -- 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 put your 3% interest rate messrs. insulate these reduce earnings we have to change without notice leader bank 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 ounce silver and gold bullion coins are now available at all -- bank locations bank locally and -- -- gold -- it just makes sense of -- 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 -- -- -- -- with -- and leader banks all -- -- collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more would see rent your payments for each unit received regularly on the same day every -- tenants pay nothing in the first six months -- free for -- landlords visit WWW -- he -- -- meant to learn more or call 7816418691. Time now for a street watch a look at the market's performance so far today act of Marion jog right here on the financial exchange radio network. Time now for Wall Street watch brought to you by a leader bank with the leaders who will report to county of 1% cash back with debit purchases and. Extra 10% back when you use your card at featured businesses qualify for these and other rewards. Cold leader bank at 8776917900. Member FDIC. And looking at markets right now. This is a relatively flat days so far Dow is off about 24 points S&P and NASDAQ slightly negative as well. You've got boiled down about half percent 6138. Gold off two dollars. Tenured US treasury little bit of a sell off there actually took 3.2 2%. So interest rates to be a little bit higher today in on a sector by sector basis the sectors that are selling off. Utilities materials real state consumer staples are down consumer discretionary in financials higher today. So I would read higher interest rates into what you just said if utilities are down and financials are up right does not mean that. The markets are betting on higher interest rates in. What it's what you typically see their specially real estate being down as well. Non materials being downed no play into the housing sector Celeste demand potentially there so it looks like today if if I were picking kind of that the key idea. And I'd probably pick interest rates is driver. You know least for some of this activity here. If it sounds like there's going to be a new way to get to New York City right now you're options sorry to the shuttle. Logan right the year shuttle. Or you can take the train which I take write offs I guess she'd take a bus right buses. Awful. You'll doors now ha Hewlett buses. I do not they do not like taking the bus I have friend who says he he likes the most that I like the train I I really enjoy the train. It seal life is the cafe target coffee hang out talk your wife trains nice it's gotten way more expensive though. And it was a run on I seventy bucks I were I remember. Used to be the via cell used to be somewhere in that ninety dollars each way. You can't find the sell for less than 150 to 175 now and on a case that was it is that the high speed one yet he's still not like a true high speed like there like forty minutes earlier than the regular speed. But I'll take that. But yet but. The good news is there is potentially going to be a new way to get to New York cape air has just signed a quote letter of agreement from the FAA. To fly see planes in the air space over Boston's inner harbor and so apparently. This is going to be something that they are going to looking to do to New York this is there is actually a seat plane terminal. At on east 23 street. In new York and so you might be able to take a seat plane over to New York City in the future you ever been on one east. Yeah I have Easter west went there it's as the east 23 street seat plane terminal. Boca me that they didn't think I thought it would be on the other side that. Yeah I guess you know 'cause he you know the problem is if you take the plane if you take the air shuttle to New York in your LaGuardia. You're looking another hour to get to Manhattan at least. You know from from LaGuardia you know that's why people like to trade Ike Ike I've not sure this is gonna work out because they're charged case with the charges to be 400 bucks a ticket one way. Yes 300 afforded dollars ticket so it's a steep price the thing I always like about a seat plane as long as your over water in theory you would think you shouldn't be able to crash. Because the landing gear always deployed related so it's like it's mentally and in water right like you would think that's kinda nice so it's comforting to me. But I I don't know if this is going to work just as the price might be a little steep. For most folks so it's it's interesting I don't know if it changes the game. But. I think look if you are a business traveler and you don't have to deal with getting as you said from LaGuardia or from JFK over to the city. Yet this does this could be a slam dunk if you've got expense account foot the bill on. Yup me and that's what I think it's geared for the business traveler it's not for. The couple go to New York for the weekend go to the theater you know the nurses. This is for you know the business traveler who happens to go to new York and you know I was trying to minimize the amount of time. And I suppose if you live downtown Boston you jump on the seat but it's going to be out of this somewhere around South Boston right. Yes somewhere down in that area so it's you know that the premises they'd get right from downtown Boston right to downtown New York. You know these two companies going after K fair and then this other company and I'm not familiar with the that are better. You know competing for the route to an hour or they're. Supposedly both going to be offered serviced out there it's only nine months a year ago as you can't do it yet you docket it. Not to take a seat plane out of South Boston middle of January. No deal little chilly. It might be it might be tentacles. Little chilly there. Folks if you are. Or near retirement age legacy planning is something that you're gonna want to be mindful of it goes without saying that you want to leave your children in great shape if you can. But gifting assets be it a homer vacation property can create a huge capital gains tax problem with the kids choose to sell the home. Todd what's he's an expert on older long taxation and he's been helping families 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 gift or not to gift at 8668. Foray. 5699. Gifting assets to our children. It's it's got a special meaning but if the children have creditor issues or if they go through a divorce problems can arise that could be disastrous. Protect yourself and your family by getting this free guide to gift or not to gift you've worked a lifetime accumulating wealth. Now make sure you spend a few hours to make sure it stays in your Fam with the right way. Call 8668485699. That's 866. Eight story. 5699. Or download the guide right now at the legal exchange showed dot com. So I've tried a few of the different growth for delivery services like I subscribe to people ought and I think I use that two or three times. I've used. Amazon's hole from its relationship. Maybe half a dozen times. I have not found anything that. Meets mighty. Maybe maybe up to selective but today I just haven't found a food delivery here grocery delivery service that works I guess Stop & Shop. And they also hand efforts. They they're they're gonna take another crack at this using robotics. To try to deliver groceries to instruct these to work. Ages I still think we're a ways away from primetime on this the big thing they're trying to do is they're trying to roll out smaller. Automated warehouses. To speed up how quickly they can pick up by different goods in and you speed up delivery times on the back end here so. That the thought here is they're gonna have attached to their current supermarkets. These meaty quote robots supermarkets almost like little warehouses attached to the current locations. In that way the robots can kind of just go through picks stuff up. And then take it right to a driver who's ready to go that's that's the premise here. I just don't think that. It's there's two problems the first is it and you've had this issue. It is well if it's equality issue on programs which I don't think a robot selves like that's that's not the prom that solved by a robot. Right this second issue is. This isn't really what these companies specializing. In do win so I think there's gonna be growing pains it's still going to be a little bit of time before it gets to. You know the level that people wanted that so. I'd I do think that again on on the staples when he talking AM violent toilet paper cereal thing and non perishables. I think there's a place for grocery delivery but I don't think you can never replace grocery stores complete. Today finish area a quick story about fail a vote grocery delivery yet what do you so my sister ordered from I believe it was whole foods the other day and she ordered one spaghetti squash. However said spaghetti squash looked like one of those tiny pumpkins that you like and a two kids Ono enters school. So it was like barely enough to feed one person let alone twos and that's an example of OK I said one spaghetti squash but what size are we talking about here so she was not happy with that experience. And and I think Tucker what you're hitting on there it's the same thing if you're fine finish writer he's got it to you want to take a look at it in there. You're buying Apple's right EU I like general what you guys but I select each apple individual I don't buy big bag of apples delta air go through look for rot. Bruises. On balance at fruit and when I've ordered stuff it in you know would you buy from hold food do you think on getting really. Topical line broadest measure shall pay import or your your pain more. For everything when you're purple boots. That's out of again that in as are terrible the grapes or salary is just like that I went through. All the stuff we bought from Wolfowitz and I'm not talking about an isolated incident we tried it for. Eight weeks in a row. Just was not something that I lose it. Wasn't good. Just not good so let's take a little break right now where we come back Adam Johnson from bull's eye brief dot com is gonna join us talking about his thoughts on the economy this week. It's hard to dial a phone or send an email with two arms and it's easy to text we've got an excellent running and you can tell us what you think right now by texting us at 63566. He skewered battery and join our exclusive club 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 and a 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 -- 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 plans call 803934. Zeros or one where you can download it right now from my website Armstrong advisory dot com. Terry suffered a 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 are two companies are unaffiliated. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming there's 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 -- -- -- can help Todd is an expert in estate -- 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 with taxes issues may arise from a significant -- -- at home -- vacation property in what happens to the -- of the child has -- issues these are all things that you need to consider is you begin -- planning to call 8668485699. 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 legally exchange -- dot com. Are you having problems 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 in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices cult easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care 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 he 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 -- -- -- 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 -- -- to -- rent payment platform -- bank has a -- of business bankers there 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 8776917900. Or email -- -- -- -- -- dot com for more information member FDIC equal housing -- Stay on top of breaking financial news by becoming a member of the carries per day log on to financial exchange does come in sign up today. You Fred called plumber because you don't know the cost easy plumbing can complete most simple residential service calls. For under 300 dollars it could be a block sinker drain maybe a week you lost your shower head. In nonstop running toilet call easy plumbing because they can. Fix it fast and they'll leave your home spotless when they leave. Call today at 7818621190. Or visit the mom line it easy plumbing MA dot com mass master license number 10183. Adam Johnson now joins us from New York in our weekly stock picking segment he is the founder and author. The bullseye brief actionable ideas for thoughtful investors. I don't feel a bit better this week then now the last couple times we've talked to your home. You know I certainly am but it's amazing what little green on the street opened for a for your spirit but you know what they. Let the election over needed it though at and you know it's been such a distraction that it's been hard for the market depends you know part all of that. You know we got through it we restored balance to Washington in theory what you know with congress and how to get back in the figuring out. Which companies there are growing faster than I would if and. And let's talk a little bit about the election's impact on markets we had a big day up yesterday. One of the things that initially confused me was. The fact that healthcare was the strongest sector in the market yesterday can you shed little light on why that might have been the case. Yet and he liked. The fact that you now and a democratic hopeful that it means effectively that trying to repeal or replace. Obamacare is effectively but if not there's so we're gonna have what we add any the fact that you don't have Democrat. Controlling house. Argues that you may see in the independent independent gubernatorial races. Could you may be the Medicare expansion. On several states that effectively. That they intend to expand Medicare statement. That's actually very good for health care because that means that. They hospitals. In particular to a lesser pitcher that had to basically eat some of the cost per capita get reimbursed because you know the government is that the you know you look at like eating out there on yesterday united now. UH. The country part of their provider. You'd have been that would media while. And so. I think that's really what's going on more of these organizations we could get aid and there's less likely it some sort of you know beaten that we can't quantify. Let's talk then again about what we have coming up today in particular the Fed coming at 2 PM with their latest on mover in this case likely a lack of a move today. What kind of thoughts do you have with regards to the Fed. Going forward and right now. Well we're not I actually think that the bed and interest rates is more important for the market than polls that. I know you know what most people they really world but in politics well. Yeah I period but if you know politics and let the market story that the level of it. And there are two things going on break out that one. They're raising rates as you know although they're probably not but it raised. Today they're gonna wait till the number and then return next year. But they're also reduces the side of the apple should. Breathing rate at one veto gently I think is okay. What seems to be hearing people more than anything else the fact that there are also on reducing the size there elegy which in theory reduces liquidity in the system. I think some of those fears are that are a little bit overblown because. Yeah how Wall Street worked I don't like to thank all but your battle watched this in somehow be skeptical people seem to get our. Attention because. Maybe they see something we don't. If the pair point. I'm aware of it. As I am of rising rate I don't think that like this about the event that the economy that the more link in incredibly strong as well and it. Incredibly. Solid GDP growth. So I'm I'm still bullish but you know. But they're at it in writing rate that you know it's out there and it. Adam one thing that caught alright today just because of the the scale of it. Was that the pullback that we're seeing in that energy right now specifically in oil prices and the last time that we saw a significant pullback in oil prices. In between fifteen and early 2016 and effectively threw us into an earnings recession for two quarters but 'cause of that now. You're not seeing the same types of decline in prices here. But does it make you nervous if prices continue to drift lower that you may see some of the capex in that sector that's fueled the US growth start to pull out. So that the very good question and admit that that subtlety there that you're absolutely right when. The energy sector is making less money couldn't it would because there are lower. It's not mean that all that means that that apple and richer by white building is Jack up that. Ship for a better at Berkeley city. Here's the difference between now back in when the there's a lot more will be the globally e-book I think right if they're down right now more because of expect supply rather than. We demand the concern back and that he would wait a minute with the impact of the recession you know it would have been an issue out of the by. I will say that I am thinking about getting back in the eulogy which is my favorite. He would see out there it's the best run thriller. In the country no question on balance sheet that technology best management that property and low cost producer there a lot of reasons like he would he. But I also think it's possible probably another matter that he atonement will let subscribers. Yes it's trading at 107 down from 135 but don't buy it yet it's the. Adam in terms of just penetrating until the end of the year I've talked to a number of people. Down your way who were saying look there's a whole bunch of technical reasons to think that we can be positive the rest of the year talking you know buybacks the the way the calendar shapes up and things like that. What are your thoughts that we going about a minute or so next six weeks vs heading into 2019 any different approaches for those types of investing. Oh yeah DDT is very important that they're there at the pump for the ball. In the fourth quarter of midterm election year like right now. That ninety that he we have always been rally and the average. Rally with about 8% OK so there's a strong people read that yet. There's another one or it's very similar any time you have seen the declined one beta client to reap better more and we actually got a couple of them. You know you can really see 87% rally over the net thirty of the day. And you're starting to see that manifest itself now. That there a couple of these little reason constructively. To people if any that the new ease averting an appointment on bullish but if you're. Good Adam we've got to run but thanks again for joining us today we'll catch up with the next week. Adam Johnson from bull's eye briefed dot com and Adams knew bull's eye picks post every single Sunday morning you can sign up now. At bull's eye brief dot com for all of that information. Quick look at markets as we head towards the top of the hour Dow and the only major US index in positive territory up. 21 points right now S&P down Ford NASDAQ off 22. When we take a look at oil as we were just talking about. Off about two thirds of 1% down to 612910. Year US treasury still hanging out at 3.2. Two. Up a little bit over the last couple days. All the time we have on this were of the financial exchange. We'll get you in just a little bit with more business talk. It's not too late to get a great grade and whole 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 call lead 776917900. That's 8776917900. Or visible leader bank dot com member FDIC's 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 PC advisory services are registered as America advisors incorporated Barry Armstrong represented their arms from advisory group the securities America companies or an affiliated as you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming there's 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 -- -- let's -- senior partner with a -- -- of -- in -- can help time -- an expert and a state -- 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 -- -- issues may arise from a significant -- -- at home -- vacation property -- 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 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 online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology to Obama called this he ran team at 781 at 6418691. That's 7816418691. Or visit C Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691781. That's. Towards the end of the year now. If you're 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 I don't know if 5000 dollars and you've failed 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 wire 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. A didn't 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 ignored 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 80393. 4001. Or you can also downloaded for free at Armstrong advisory dot com once again that number is 80393. 4001. Or Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Are you having problems the blocked sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me I've had all kinds of trouble trying to get people who can come in and do capable qualified work I talked easy plumbing and their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Cold easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is called 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 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 a -- 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 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. Terry suffered a securities America incorporated members in SIPC and advisory services over 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 -- it 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 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 -- 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 leader bank dot com. No deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees and reduce earnings re subject to change without notice leader bank a step ahead member of the icy. This is the financial exchange with Barry Armstrong in chunks of you're exclusive look at business and financial news affecting your day. Your city your world and 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 Barry Armstrong and chuck Exxon. Markets have continued to digest the mid terms. And as. We continue to move forward it looks like they're relatively quiet day. In markets today with the Dow Jones up about 23 points right now the S&P off the read the NASDAQ down sixteen. It's a mixed day on Wall Street after a big day the day after. The elections. Chucked out of here bury our start coming in just a little bit as well we got Tucker Silva to. And first door that we wanna touch on is some continued weakness in the housing sector that we're seeing in. Yeah this is something that's been building over the last couple of months now really the last quarter. After seeing some weeks signs in the summer it's now been. Near three months where we've seen continued weakness here. In the bigs being is when we take a look. At the applications for new mortgages they continued to decline right now with mortgage applications for new purchases. Down 5%. For the week and now with the lowest level in the last two years and when we look at that in that that piece of data on its own. You sit there and say OK well you know what does that really tells the tells us that you know the amount of mortgages Neil obviously are slowing down. But let's add a little context there just because it you know mortgages could slow down for a number of reasons. Is it inventory no we've seen inventory levels building the last two months actually so it's not because of lack of inventories that's not what's causing it. What else do we know well in terms of the types of mortgage rates that people are going towards the types of mortgages they're looking to take out. Adjustable rate mortgages now make up seven point 8% of the mortgages that are taken out for new home purchases that is up over the last year by about 35%. That's suggest that people are moving to adjustable rate mortgages because they can't afford the higher interest rates. Of fixed rate mortgages so. All of this taken together when you look higher inventories more adjustable rate mortgages fewer home sales less mortgages taken out. It points to an affordability pro. And that's something that's you know really isn't entirely unexpected you'd seen. In the three years prior to win the Fed started hiking interest rates in a really 201415. And sixteen even in the seventeen. Home prices were going up 67%. A year across much of the country so that when a 20% in the span of three years. Then the Fed hikes interest rates and continues to hike and now you see interest rates on mortgages for the thirty year fixed mortgage the most common one that people get. That rain is now about one and a half percent above where was two years ago when that equates to 50% plus buying power RC got home prices up 20%. Then you got mortgage rates taking away another 15% you're buying power. You're off thirty to 35%. In a span of you know five years really. In the fact is that even the wages are starting to strengthen they've been weak for those five years it just they they have now risen quickly enough. To be able to get us where we need to be warehousing can continue to move up so. I think there is an issue that's gonna continue to persistent housing. And it's one that we're gonna watch closely to housing won't talk about new construction makes up 8% of the US economies of the of a 10%. You know pullback in the housing sector. It's point 8% off GDP right there so this is something that bears watching. We're gonna continue to watch as we move forward Tucker what do talked about this story. Regarding. Cable TV yeah and now apparently the pay TV industry it just had its worst quarter to date. Cable and satellite providers who lost a million. By users in the quarters the first time that these legacy cable and satellite companies lost that number. Of users and a quarter. What's a what's your situation now of you cut the quarter you still on traditional cable. So I'm with the in laws as you well know and a stolen cable but when that we were living in an apartment. We we cut the court we flat out cut the cord and we were using. Both Netflix and Amazon. Prime video. In each other in laws about them cutting the course a little bit a little bit but you know he's got a pretty good sports package these big. They have finalized exports not so he likes apple is channels and a minute. Like you guys have ESPN I mean the Oates Joseph I don't mean this is India which. You know reds' only in the way there. But. Not really from them now. Up from my from my mother my father yes there there has done. When you move back out. You stick with the court cut capsule that's no doubt what you don't Aaron Oka now so this this continues to be an issue for the legacy providers now some of them. Or picking up subscribers on the back into giving example. AT&T owns DirecTV who also has a streaming platform DirecTV now to someone might cancel their DirecTV subscription. But get DirecTV now just so they can stream over the Internet so some of its mitigated by that. But it's easy continues to be an issue for these legacy cable companies because. Those or areas where looked the margins used to be fat there was no hole what he had to do you can keep customers on hold for 45 minutes before you solve their problems. Like in life used to be go to the world of cable TV. It's not anymore. Yeah I mean it's kind of one analogies pretty much you know the taxi drivers may be right in that all the sun Hoover left comes along is like total everybody's used knew her lips now will everybody's cutting the cord seemingly announcers so. Too bad cable companies to bed tax huge force. We have a better option now. And that's what's happening across the cable TV landscape. News out of Ford today with a really interesting move that I personally really like for them four is buying in electric. Not car startup but in electric scooter startup you like this I love this line OK here's why so. That they're buying this electric scooters startup called spin it's based out of San Francisco. Sounds like a bike. It does now you and I are not the target for these scooters okay suggest that we would have done well you're not gonna take scooter on a forty mile ride to work. But I would get here like seven hours the person who's gonna use this is someone who maybe has a one mile commute in a city who doesn't own a car. Doesn't wanna take mass transit. And instill wants something cheap affordable and quick to dance around. And that's what you're seeing from these scooters that popping up in a whole bunch of cities now. And their relatively cheap to use. There they don't take up a whole lot of space. And I think this is part of the future of urban transit just because we've. We've kind of failed or cities in a lot of ways in that we've really built really crappy mass transit always vote worse than I mean RR received here from Boston you notice for standard and I just literally the worse New York's gotten bad if you go down to DC. The metro literally catches on fire few times a year that's because the maintenance is so bad there. Our mass transit. Being so bad is what's pushing people to use these types of things so which is why traffic is getting worse and worst of it in this is what people are saying look I'm I'm taking you know who were left is I don't know a car in a city but it's still take me forever to get Delaware be faster walking arm. They say hey look I'm not necessarily gonna walk. But I think that you know with the talk about bike sharing scooter sharing these types of things. I think these are big going forward so and I don't know if it means a lot for Ford today. But I just. I like the fact that Ford's been so behind the eight ball and other things like electric vehicles and driver was cars. It seems like they're taking the lead in saying hey we need to innovate for a time when you people might not use our core product now. This is not gonna make big difference report today. But it's eighty million dollars for them to drop in the bucket. It's on that that's not a lot Sosa what is forger and it just me. Their own scooter or something like that but what what's the benefit for Fortier I think the big thing is just that they wanna continue to expand this operation it sounds like it's gonna stay branded as spin spins gonna do Walt did now just operate on its own. But I think this is something for you know a car company if you're looking at you know twenty something year old people in in cities now. They're not buying cars but this is a way that fork and say hey you know buying car we can still get you a product that you need to our day. And then down the road maybe we can somehow sell you want a car because you like the other service. I mean I personally know a few people in the city that just don't own a car really if they are wanna you know go visitors openly just arranged opened with their family but. There's no need don't currently parking some expensive as we all go so why. The I think it's interesting about this if you look at in the context of the growth of driver was vehicles is the potential to create more transportation system are where it's okay driver was car takes you to a central spot in the and they've got scooters to get you up from there. You know something like. Again it's these are long term thinking ideas but I could see something like that being part of platform you know down the road we're gonna take. If you pay forward you know 400 dollars a month the unlimited rides and driver was vehicles and access to the scooters on do you know like something like that. Tech set of the 603. Scooters are very popular on college campuses my son has one to get around campus. In a lot of other kids do too so there go college campuses have you scooters. Yeah so I think this is a good good move for four here it's not gonna pay off today but I like the fact that it's forward thinking. Let's take a break when we come back Greg McBride from Bankrate dot com is gonna join us to dig into what the Federal Reserve. Is gonna do this afternoon come up right after this break on the financial exchange. And business news is constantly break. And we're here to break it down and show what it means to your portfolio it's the financial exchange with Barry Armstrong and John 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 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 your 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 from my web site Armstrong advisory dot com. He suffered two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming there's 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 as 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 a -- 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 -- need to consider -- you begin your planning -- 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 -- 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 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 Palmer. With fair competitive prices. Cold easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today. In your plumbing problems they're history call easy plumbing at 781. 862. 119 B that's 781862. 1190. Or you can visit them online at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 781862119. No. It's pretty hard to find a bank that -- it 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 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 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 re subject to change without notice leader bank a step ahead member of the RC. We have 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 textbooks tell us what you think 24/7. Right here on the financial exchange radio network. As promised Greg McBride from Bankrate dot com joins us now to talk about the bad that meeting and what we're gonna learn later today at 2 PM would get about two hours and forty minutes to go. Greg thanks for joining us today how aria. Great spirit that. Greg and any surprises all expected to look at you know. Pretty much what the the Fed Funds futures are telling us and they are telling us there's a 90s93%. Chance right now that we're not seen any movement. Why even the 7% chance that we do see one. Yeah that would be my question. You know in the ad rate is great that people get out telegraph that embody those are gonna raise rates and you know expectation. Now art that is they're not gonna raise rates they are you know very careful not change up action unless they have the intention of doing out. Oh yeah I mean why there's even a better perspective and a culture just you know a couple of hours out and the decision. You know that will ID issue a statement that you know a lot like the last couple we've seen very positive about the pace of economic growth the acted on in the mean come down. And guiding towards the expectation that they. December rate but no way to. Greg in terms of what do you expect the Fed to do going forward one of the things that's been in focus has been. The pressured that the president has put on the Fed and in particular on on Jerome Powell. Saying that he disagrees with Jerome Powell publicly now we've seen past presidents past Federal Reserve chairs command say look we are pressured significantly by the president a lot of a lot of times it was behind the scenes. Do you think this pressure has any impact on the Fed fed policy going forward. Is it couldn't we better hope. Because it is and I vote. Indication that the bank is being weighed. Whether it to political pressure or or any kind of feel public opinion and without. You know not ordinary Indians credibility they also was active at one of them that made the Federal Reserve act that. As a Central Bank is the fact that they are independent. You know it that. Those walls start to crumble. The other there could be epic a lot of unintended consequences down that route that it looked up at but it. Trying to walk the tightrope raising interest rates. At a pace. But not to let the that the economic recovery but dot choose what it's an asset bubbles former well let inflation get out and now you couple that been having been down but the balance he'd. And there were there walked over I don't hear that it. You know not immediately backed up more difficult. You know like that you know I think you know it's not her. Greg for the average person. Looking at this and saying gee the Fed's likely going to be hiking rates in December and they've told us they're gonna hike at least a couple more times next year. What's the average person be doing. In the next call eight weeks before the end of the year to get their finances in shape in the event that we have further rate hikes coming. Yeah I would not sit back and just yet they were created out and it Aetna raised rates that but. Now you need to keep the hammer down and down that variable rate debt. Actually the credit card debt. That is gonna continue to race at any rate you pay and in your. To ratchet higher right along side so I take it paid that opportunity to continue to you know double down earlier. Not bad debt grabbed world great you percent balance transfer offers get home equity like that he's a wonderful six interest rate. When you're out in the balance helped insulate you from further rate hike and refinance adjustable rate debt into it re saying what do. Inflate your would rate hike but also. By six straight grabbing promote Google Rick quote swappers' didn't double bit of the sale and what that. Greg we're starting to see here really continuing to see declines in the number of mortgages being applied for. Home prices seem to be leveling off we've got more inventory building fewer sales happening. It is our housing problem that is being brought on by higher rates. I don't think that you have higher rate it higher rate that are just letting another law that fired that you know the market has been. Pampered by litigated in. And that put price is and it was pushing prices higher it what a lot of people there income they're buying power was not going. And now you layer on top of that the lineup we at a mortgage or mortars at that point ire. Today and they weren't this time a year ago so I think all of that and that. Environment where somebody's gonna buy out looking at it probably. Borrow more but moral war at a higher rate than had been the case just twelve months so without you added it is born dead in the armor economically active. Economy and without the markets where we sluggish and it's really not that it would cut. Faster pace of economic growth unemployment while at the and in the years we are seeing more broad based weight go out there you're selling your house. In terms of you know talking about it the companies and the couple loose things really low unemployment now we're seeing good wage growth what does that do to kind year inflationary outlook looking into 2019. It could go to company keep and I thought because he had people but there are gonna play a role there I even that is that they're doing a lot of business leaders are about Eric that are. Disrupting supply chain in technical input costs. How much of that ultimately get on to the end user. It is that a critical what we with inflation in any ink you know one of the things that we're that the Hezbollah should read it was gradual eight. A great guy is the fact that their legislation that is well if that changes it could force that would be more aggressive but very. Very good Greg thanks for joining us we we gotta run but thanks for join us we appreciate the time today. I Greg McBride from Bankrate dot com talking about the Fed meeting today and our projections for interest rates going forward in 229. Team. Let's do a little bit of trivia here on the financial exchange. We're going to be doing trivia based on the the sound of music in recent walk what. I don't know I just never place you would be doing trivia based on the sound of music authority you know. Demetric served I artists on the lady you wanna do little trivia have. If you have one up your sleeve and you do. OK let's let. Okay hold on let's let's do something so as you know when I do trivia payments they go directly to action sound of music c'mon okay so we're gonna move away from there. Point let's do okay what's what's going to be a good one that we have here. Did it to OK here we go we're gonna do trivia based on top gun. And beautiful we're gonna do trivia based on top gun because it came out in May of 1986 which has nothing to do with today's date but. It's just to date and we're gonna go from there. So we're gonna do trivia based on top gun and the way this works if you're not familiar with that if you text does at 63566. And if you have the will do eighth correct answer. You get a fifty dollar gift certificate to seasons 52 because they're trivia contest is brought to you today. By seasons 52 with 43 locations nationwide. Including two in the Boston area in one in West Palm Beach seasons 52 is on a mission. That mission to provide you with a better way to eat. This seasons 52 today in Burlington Chestnut Hill or Palm Beach Gardens or go to seasons 52 dot com from a new information and reservations. Book your holiday party today get a special gift for all your gas so get rideau attribute based on the movie top gun. Texas at 63566. And we will do what is the call sign for Tim robbins' character. In the movie top gun a text his dad's 63566. And let us know what the call sign is for Tim robbins' character. In the movie top gun. If you're the eighth person with the right answer you can get that fifty dollar gift certificate. Otherwise you don't get anything what was Tim Robbins characters call sign in the movie top gone their they're currently filming the the sequel there yes it's going to be top gun two which is titled top gun maverick right where apparently Tom Cruise is going to be an instructor at top guy that's what would I've been told. I guess that the main main main character and that is going to be outplayed by miles teller. Apparently is that the the gentleman from mild flash yes autos he sees a really good so he's good but I'm always skeptical on neo sequels especially thirty to thirty years after the original. But we'll see what happens weather trivia answer for after the break and also talking about regulation for social media companies. 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 -- senior partner with -- -- -- of -- and -- can help time is an expert -- -- -- elder law and taxation and if you're in the process of legacy -- you need to call him right now and get his new free guide to gifts or not a -- in it 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'll need to consider is you begin your planning -- call 866845699. And get this free guide -- 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. 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 this is Barry 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 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 leader bank dot com. 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. 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 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 a long time to take care of your issue and make sure that it doesn't happen again all you have to do is call today. In your plumbing problems they're history call easy plumbing at 781. 862. 1190 that 781. 8621190. Or he can visit them online at easy pull me MA dot com for more information Massa master license number 10183. Again the number is 781862119. No I 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 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 aids I don't know 5000 dollars and you've failed to take that money out to 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 acquired 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 whose 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 803934001. Or Armstrong advisory. Dot com. Securities offered to securities America incorporated members SpinRite 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 for the financial exchange showed Don coming quick listen. Then click on demand and catch up on every segment. You'll also find podcasts of all of our poll shows just punch up that listen button had financial exchange show does come. Well we do have a winner on the trivia question is Anthony from. Hold them. The correct answer to the question the question was what was Tim Robbins characters. Paul signed in top gun. The correct answer was marlin who by the way it was cougars Rio. And cougar by the way it was the one who lost his edge in the first scene and you had to have the place boiler water. In the movie it's the first scene that matches thirty years called the winner was Anthony from hold and Anthony is taking home a fifty dollar gift certificate seasons 52. And our trivia contest is brought to you by seasons 52 with 43 locations nationwide including two in the Boston area. And one in West Palm Beach seasons 52 was on a mission and that mission is to provide you with a better way to eat. This seasons 52 today in Burlington Chestnut Hill or Palm Beach Gardens or. You can also go to seasons 52 dot com from a new information and reservations booked your holiday party today. Get a special gift for all your guest by the way just a run through the list of Paul signs even tough on. Tom Cruise obviously it was maverick Val Kilmer iceman Anthony Edwards was deuce Tom scared viper Michael iron side when my favorite actors was jester. Barry told it was bull man. Rick Ross of pitch was slider and don't know if that provides the basis for the rapper Rick Ross's name Rick Ross habits but her. Who knows. Clarence billiard was sundown whip hopefully with Hollywood and James hope in was stinger and I didn't even know there was a stinger in. Her top and I've never heard of that one before Nash frozen memories are. We did get some interest in choices in the did not exist and topped and so when put him wizard zebra and kill so. Zebra none of those three actually existed in the movie top guys stripes I do. Right. Well done but thanks to everyone participating. And again the correct answer was merlot. Headline from CNBC president trump says he's open to working with Democrats in regulating social media companies like FaceBook and Twitter. You know this is something that it it's been all over just about every type news for the last. Eight months or so since you FaceBook had the privacy questions and so forth with gamers analytic and Google's had its own questions. Yet hearings on Capitol Hill numbers came of them in Europe we do have what's called the general data protection regulation in the GDP are which went into effect back in May. And that's the reason why you go to any website now. You used to get these little pop ups but there's a little pop up on most web sites the first time you go to him now. That says hey this website uses cookies clicked OK if you wanna accept that's the reason why you have that further disclosure now but. Data privacy. Is probably one of the biggest issues we are facing over the next. Fifteen to twenty years we continue to move more and more of our activity during the day. To the Internet you know it's you you go back twenty years and Tucker what's your first memory of the Internet. You go to on this road. And I guess. I don't know com I just aim. Ever aim annual disaster area. The first thing I remember among other things so. Do you remember the used to have these text based teams. That were available online that you now like AOL or another Internet portal or something like that now but they were these games where it would it would be like a readout. And it would be like you've entered a room with like a dragon and what you choose to do in my current U Buick you know swing my sort of like it was a text based game that's when my first memories bullet it shows you how far we've come home now in twenty years where. You know used to be up typing in yeah I'd of the dialogue with them. Being mingling rhino all the noises and everything. We do just about everything on line they're everything there an awful lot of people listening to or even watching our show on line. In just a prim perspective this signal that we're broadcast the show on is on the Internet. Technically what. How we put our show on airwaves are all of our lovely affiliates is through the Internet oh. I didn't know that minute ago I didn't and that's what the majority radio stations are switching to. Is that right oh yeah sure it's not over the majority Arnold full lines anymore so what is it satellite feed exactly yeah so it's good to make it simple it's it's an Internet feed to a satellite which is then sent out to our full. And that and that's what did pretty much as across the board. Anyways what where and go with the Spanish powerful the Internet is everywhere man. Effectively. Social media regulation is really coming to the cross Ayers in the last year and I don't know if we are any closer to actually gaining any kind of meaningful regulation on social media the president saying he's working. Is open to working with the Democrats to regulate social media. We have a coherent plan for what we want to do like there's a plan what do we want to regulate what we think he's good vs bad and I think until we can even answered those questions. You know it's alone could say yeah we're open to you know working to regulated but that we have a coherent plan for what we wanna do. I think the biggest and most obvious thing that we need to address is all these fake accounts through any social media Alan Wetherbee FaceBook or Twitter is like Twitter bots and stuff all these plots and everything like that I mean we just saw the other day I'm ripe for the mid term elections at FaceBook had to shut down a 115 social media accounts between FaceBook and it's a Graham. And that that was just but he mid term elections so you know I don't know what's happened in the past either. This does no real old. Credibility or any links like at like on Twitter you can just make a Twitter handle from any email address and you could be a war every want. I like my Twitter handle could be like I don't like chuck which probably there's someone out there that charter I could make you. Like but. I I could tweet from an account that looks like it was you easily Aaliyah like today that it if there's no. In this I think is going to be the the key piece is there's no ownership of your right there's no ours mind Ryan. And until you have a a coherent way that you can effectively claim ownership over your identity in probably be required to claim ownership over it. I think there's real questions as to what kind of regulations actually to make meaningful and so that's going to be again I think this is the one of the biggest things were in after wrestle with over the next. Twenty years here. Folks if you have money saved for retirement you're ahead of the game because a significant percentage of people near retirement age. Haven't saved anything having the money is one thing knowing win in how to take it isn't all there. Required minimum distributions are mounts that the federal government requires you to withdraw annually from a traditional IRA or from an employer sponsored retirement plan. Once you reach the age of seven and a half. We take calls from clients all the time. With questions about this process so we put together a brand new guide that's available this month called understanding required minimum distributions. It has all the information that you need to make sure you follow the guidelines set forth by the government without incurring any penalty. The guy is completely free and it's yours by calling 803934001. That's 800. 3934001. Or download it right now at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. So an article off CNBC. Leads us to believe that India apparently instead of China is actually taking. Look at center stage for Netflix trying to expand overseas. The big thing that they've said that they're trying to add a hundred million subscribers. Throughout India over the coming years and so what they're doing is they are partnering. With local film studios to try to produce locally produced contents. In these other markets so it's not simply going to be a case where they're saying gee we wanna just you know. Take you know house of cards and send it over to India. They're saying look one we build our own house of cards series specifically for. The Indian market. And you know that they're going to have to continue to spend money on projects like this just because the content that's popular in one country. Doesn't necessarily translate to another one as nearly as easily it's the a different cultures different viewing habits and so you know they're gonna have to continue to tweak things. And to me when I look at what that means to Netflix business model. It adds more cost. Tell us. It's he eats you can't just build shows in the US and say gee we're gonna triple the market overseas it's no we've we've got to build unique mark beauty products for each market no different from an auto maker restaurant chain. You know you go to McDonald's and India it's different from a McDonald's in the US you go to. By a GM car in China is different from a GM car in the US and so. You know this is going to add some expense for them. And the issue than for Netflix is near their expenses are already growing in the United States significantly to hold another layer that they got to deal with that. Let me just think about watching any Netflix show you know right now with subtitles. Like our attention span is so little right now and you know I I'm. Guilty of that guy and I'll play it's my phone from reading too much that's one of like a Wesley Wasilla is the limit for you lake did you watch and Arco's on Netflix I did but I I could tell you how many times had to rewind something because whether it was you don't get a bite him a sandwich a look at my phone like you know I missed something. So you know a lot of the content would have to be translated. Overseas. Did the eating while watching TV I I have problems with I don't know if I'm allowed to work CIA can only eat it from watching T if it. Like that a review in college I stitches likes it journal really and a that's fascinating like I have to have a meal for me at some point as fast as this. Let's take a little break here when we come back and talk about how roku is trying to shake up how customers watch video. And Comcast trying to develop a streaming platform of their own are they going to be able to do it lets you know right on the back end of this. The financial exchange. All of 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 a -- -- of -- in -- can help time -- an expert in this state -- elder law and taxation and if you're in the process of legacy -- you need to call him right now and get his new free guide to gifts or not a -- in it 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'll need to consider is you begin your planning -- 8668485699. And get this free guide to gifts or not -- gift 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 has it 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 tie this is Barry 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 -- 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 leader bank dot com. Don't 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 NC the. 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 and a half you are required to start taking withdrawals from your retirement account of course questions to arise how much do I 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 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 R&B 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 SIPC and advisory service is offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me. I've had all kinds of trouble trying to get people who can come in and do capable qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781862. 119 B that 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 ain't member finreg SIPC an advisory services arbiters securities America advisors think Gary Armstrong representatives Armstrong advisory group in the securities America companies are unaffiliated. The markets are still bullet holes really keep. Get our weekly monthly recap but becoming a member of berries brigade music financial exchange showed Doug come and sign up today. So the company roku you might not have heard of them they originally. Were set top boxes similar to an apple TV here a chrome castor and Amazon player's stick. That allow you to just stream different content over them. They in turn have now moved. In two being a platform they can even be installed into a TV soon TV can be roku and able to begin with us. And so what roku is trying to do now is break out of just being a hardware company. And use the platform they've developed to serve more ads and so what they are doing. Is they are actually trying to become. Really sounds like an ad sales platform this is according to us several different and tech in media executives who have talked to the company. Roku is saying look we'll try to BO pitched advertising sales on your show whose and take a bigger chunk of the revenues there. And I don't know if this is necessarily go to work I don't know fifth critical mass to be able to. You really set prices are you know demand. Meetings with advertisers. Tucker when you had cut the cord what what system we're using media baroque to deal of fire or stick like what. So I used both and Xbox one and an Amazon fire stack. So it in this thing is that I use an apple TV as an example I don't know how many people. Use the roku platform. Now maybe it's a no one person you you know one person up. It's it's a pretty clean layout. It's pretty similar to apple TV rights act yup so. I guess in terms of advertisements would pages put banner ads in between. Navigation of the Dutch network icons or shows or anything like that it. It sounded like they might even like if you're like streaming Hulu over a roku it might now be Haley will even sell some ads based on that and take cut of the sales there aren't. So. I don't know it's it's interesting but I don't necessarily fully understand the business plan doesn't mean it's a bad one. But it does mean that I don't quite. Get it via. As you yeah I mean for me personally just with roku is I don't really know the difference between roku in a fire stick or chrome. Comcast order there's really no differentiate her and frank. So why would you wanna add something. Like an ads like adds to something that really doesn't differentiate anytime in just annoys people that the. Yeah it's it's just a I don't quite get and so that's me and apparently talkers on the same way out there so. We're gonna withhold some judgment on that until later date Comcast. Is developing a video streaming platform for their broadband only customers people that have cut the cord they're trying to roll out a new product for those cord cutters. That allow customers aggregate streaming apps including Netflix Amazon priming YouTube this is pretty similar it sounds like to. Apple's TV app that they were kind of run out there where you can watch all those things in one place and so. It's. I don't know counted there's nothing revolutionary here. So you don't have to subscribe to extended the year Comcast or whatever to have the streaming thing I don't get you do it sounds like. So why the hell what I want to stream and I'd like the fifth that's a talking. This is what point is everything's too much money that's what the point is gone to I I don't know and it writes I'd I don't. Quite know ought to pay 35 dollars a month for cable that's it. Stop charging us way too much we don't need is streaming application we need less money. What we need more money we need it that's like me yeah analyst we need to be paying. Lasts for our media services yes. Tucker do you have Thanksgiving Day plans yes. What are the going to my dad's. So you're not going to be go to Wal-Mart at 4 PM. That's August. This is ridiculous go ahead so Wal-Mart. Is in in again I am I'm firmly convinced that Black Friday and black Black Friday creeping into Thanksgiving Thursday is. Really a sign of the end of the world I hate it. So Wal-Mart is going to have a store parties starting at 4 PM on Thanksgiving what consists in these parties struck well. It's Tucker it's it's important that you should ask what these parties are going to do. And so these doors are going to be you know open there. And pretty much what they are going to do they're going to be having. Discounts. They're gonna be having extra deals and stuff like that. Oh. And really get lake. Okay I'll be honest I don't get Black Friday at all it's it's not something that I understand just because I just I I find it. I Italy horrible all credit people logged discounts and a get a rush out of does that tall orders I have I have grudging respect for people. And really a lot of respect people who actually do battle the crowds to go and get what they want is to me it's terrifying. But it's. The fact that you're going to be opened at four people like 4 PM on Thanksgiving is Thanksgiving meal. Now I mean prime Thanksgiving dinner time is like from food like. Five it in that window and here's the problem here is by doing this but okay you get people thinking gee do I need to go there is everything good give to begin on. In the problem then is that we are now placing buying crap over spending time with your family. In in the world is wrong well some people. Poll take this as an opportunity on with their family as they yeah put their grubby hands all over you know it discounted. Toaster or TV or something like that so I I've heard of groups are feeling good going to. Deadline a Black Friday right after Christmas urgency Thanksgiving dinner whatever. I just it would I don't agree with I think is Thanksgiving is the definition of sit eaten watchful Paul Ridley and be with your family and that's and it's. What happened like a little bit of time away from the pressure of having to buy something every waking moment of the day I know that we spend. Yet 24 hours today every other day of the year just about if the deal I'm gonna buy this coming in about that what happened just as you said sitting back. Have a little turn to relax watch a little football eagle football great watch Thanksgiving Day parade you can watch and floats and snoopy and you know you. Whatever they sing and stuff out and we're prepared to 40% off of like you know it sheets for some stupid there's going to be another TV sale. Right there is always another one. There as we have in the mid state taking a quick look at markets Dow in positive territory S&P and NASDAQ down right now. We're done for the day we'll see you back here tomorrow.