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Full Show 11-12-18

Nov 12, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. Markets are picking up today pretty much exactly where they left off on Friday with all major indices in negative territory as we continue through the day here. Chuck is not a Mike Armstrong Tucker still here burial Armstrong is out of the day right now. And Mike this to mean well when we took what how this feels this has the feel either February 5 from this year kind of right after the Super Bowl. Or you know October 7 eighth right right in that range it was October 8 as well. Where the Friday before we get a piece of data. That suggests inflation may be moving higher a little bit of a sell off Friday and then Monday comes and initially things look. We were nervous but no one else was selling the than everyone else started selling gambled in the course and starts don't. Here and you know this obviously as you mentions it is rebounds from a pretty ugly October. Where it really would DSP bottom out on October 29 is when it really bottoms and climbed after good few percent and now word you know back showing some volatility here we're nowhere close to testing those lows we hit. Back on October 29 but and it's been a couple bad days. It's certainly has been we got a whole bunch of news to dig into so we'll keep an eye on markets bullets start kind of working through what we have to what to go through today. Story out of New York Times from over the week and actually this came out late last night. The headline is trumps NAFTA plant could be up ended by Democrats house takeover. And pretty much what it suggests. Is that Democrats are gonna controlled House of Representatives starting in late January. Might push back on the NAFTA deal that was negotiated by the president and his team. In order to try to secure greater. Protections for American workers to questions on this. Aid is this likely. So eighty I think it's likely that the Democrats will make a fuss about something because there are new to power they're gonna want to you know. They're gonna wanna make it make a name themselves stand up and put their system but it's in the interest in situation because. Generally speaking when you have Republicans and Democrats. You know facing off each other on trade. They're usually looking for different things but. Really in this case both. Democrats and president trump are looking for higher wages for workers. And the Democrats coming in here and saying well the do you got isn't going to be good enough day it's not like gay free trade verses. Non free trade type of argument it's really. We just want to strangle bit further here which is why I think it's unlikely that it actually happened. Because as as you mentioned here. Really that they're saying they were on the same side and they're not wrong to let you know perfect be an enemy of good it's hey if we can get something done that improves protections. We're not gonna veto that there'd been a beetle but we're not gonna rejected just for the sake of saying we wanted to get something better. And I'm not sure I would run that far to say with you know with a definite certainty that we're not gonna get. A bit not going to let perfect in the wave good because. This is politics and it's going to be. A very bitter two years leading up to selections so I mean I can think of multiple occasions on differences is where. Politicians made a stink and halted something that was. You know not perfect but pretty darn good just for the sake give getting some media. What's the use in terms the timeline that we're looking out on this this is going to be something. That comes to a head it will slate in January February kind of that Marines civil war have kind of some certainty on this within the next three months yeah I mean knew what will be looking for yet they're not going to try to push this through. With a lame duck congress they want to push it through next year once there's you know sitting congressman and it's not going up for reelection I think there's going to be. Probably a lot focused on this after the holiday season. You know once we have. The gave what we have people sitting in congress and you know actually starting to make qualities policy decisions then. In today but I think that's for hear about it but there's very little in here that they really going after so one of the big rules is that at least 30% of the labor used to build each car in Mexico must come from workers that are earning at least sixteen dollars now which. Everyone seems to agree agree is a pretty good deal. But Democrats are complaining that it's not indexed to inflation so it doesn't go far enough. And that might be true but it's a pretty darn good deal. Well and and it's really ring. To see minimum wage laws indexed to inflation. Yeah that's something we don't see that domestically usually you don't see it overseas usually. It's something that is unusual if you work to see that so you know certainly can say argue this is an index to inflate oh. Could it usually isn't too and I know so you it's the kind of burying the lead there Ernie say yeah I would like to be that won't. We've never is that so you know I just think it's something that's. Again. It seems to be a key policy talking point whether that turns into any type of actionable. Voting on this I think is is something that's up for debate. That wage battery sixteen dollars an hour's four times the typical wage from Mexican auto workers so I mean hey that's what you're talking about when you're trying to develop a policy that's going to dis incentivized. US. Carmakers to move jobs overseas and that's you know that's what you doing yours your San while you're basically have to quadruple your wage that your paying if you want to ship those jobs that mask and they're also making it. Easier for Mexican workers to join labor unions as part of the steel. Bob they're singles day sales. Or just. Absolutely mindful when you look at the scale of what they did here in a single day. On now on social and John. While that's I think even try to do that's let's cover exactly what singles day is for anyone not familiar with the targets not something that we obviously gap to space here in the states now singles day it's it's a day that really has put together by the retail industry in China. It happens on now 1111 every year because it has only ones in its date so it's singles basins just once in the data to get in and pretty much it's just away it's it's it's a shopping knew it was targeting Al. Is started back in 09 it was celebrated as an opportunity for people that don't have significant others to just buy stuff for themselves. Kind of like you know Cyber Monday treat yourself care and in jeopardy these sales numbers are truly just absolutely incredible thirty point eight billion dollars. A 27% increase over the last year. Just in the mind and even just looking at some of the shorter term stuff here. They sold a billion dollars worth of goods in the first 85 seconds of singles day they sold ten billion dollars in the first hour. So. You put that in perspective a scale of China though is just incredible to give you an idea of just how big daddy is. Black Monday Arabs are Black Friday or Cyber Monday together okay when you actually combine them okay. This 32 billion dollars then total is more than Black Friday and Cyber Monday combined in the united techies at prime day into that still buy higher than all three of the yet all of those days in. In its bigger so it's just an absolutely huge number that we have really was put on the board hereby Chinese retailers. And one of the things that was interesting this year. Was in particular Smartphones are always have a big part of this this this day of singles day. Apple though was the top selling mobile brand on Alibaba as platforms not the local Chinese company. Yes say it outsold both the the other Chinese phone brands. While way and and what's the other one. It's. I'm on the skillet you show me. I'm still foil I think I shall Meretz yes yes. Which almost always beat apple for this and this is coming up. Amid some you know bad news for apple wanted to suppliers just reported earnings and it wasn't looking very good in terms of orders and analysts aren't terribly happy with the way they're disclosing their iPhone sales anymore. So weird there's some bad news going on but this is pretty big news for apple if they if this is any sort of trend with. Chinese buying more apple products that can be very significant. This does cleanest war whole question of the days we're talking about you know holiday shopping in and online shopping in particular. Will you be shopping on Cyber Monday this year there's two options yes you know you can't straddle the fence and vote maybe. It all you have to do to vote in our poll question of the day. Is go to financial exchange showed dot com alternatively if you wanna Texas a little bit and say hey you know here's an am thinking about getting. During Cyber Monday you can also text us at 63566. And let us know. What you may or may not be buying but our poll question is will you be shopping on Cyber Monday this year. We'll check back on that in a little bit to see what the results are going to be where to take a break and when we come back. Going to be talking about at the health the Watertown based company. Finding a buyer after a tough couple years right after this. Breaking financial news. The financial exchange with Barry Armstrong and chuck sub 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 a -- -- of -- and -- can help time as an expert and a 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 a -- in -- you'll find information related to the -- process -- taxes 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 -- you begin your planning -- call 866845699. And get this free guide to -- 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 plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 119 B that's 781. 862. 1190. Or you can visit them online at easy plumbing MA dot com for more information mass master license number 10. 183 again the number is 781. 862119. No. Hi everybody it's very 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 a god you guys are providing two point 05%. EPY. On that account how do you do. Yet it's one of our most. Popular. Retail banking products buried so. It's it checking and savings companion product Oka and if you qualify. You get some great reward so for example you get 2.0 5%. EP wise your savings account up 200000 dollars 100000. You get 1% cash back and all of your eases spending your debit card that's good and get ATM reimbursements if you use another thing seat him. And so to qualify so I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly. That instill the benefit of that is that really expands average network yeah he's in need yen. It doesn't have to be leader Bancorp. If you qualify it's pretty simple unions to have your direct deposit go into the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month and center for east Dayton itself. It's it's something that customers would do anyways using right now rightly gets great benefits. And yet two point 05% annual percentage yield on your savings try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on. 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. Security suffered through securities America income 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 ferry it's a 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. Woke up this morning to a little bit of frost on the ground and that means one thing in that is. Heating season is here get your hot water steam boiler inspected before first cold snap. Leaves you out in the cold called experts are easy plumbing they will put your system through a comprehensive test. The makes it all components are working properly get a head start on your way to preparations. Aimed call easy plumbing today it was 26 degrees nose driving in. The number for easy plumbing is 7818621190. Mass master license number 10183. Athena health based out of Watertown. Going to be bought by a couple big New York financial firm. Yeah Veritas and Elliott management buying at the company for five point five billion dollars. Is a company that distant very action stuff in the healthcare space specifically a lot of cloud computing and Dow electronic. Storage of medical records. And they've got a bit of revenge ever did they've been really plagued by very tight margins and low profits and that's really the pushed a lot of investors say you guys need to sell to a bigger. To a bigger outfitter somebody that's going to streamline some management here and clearly that's what's finally happened here. 135 dollars a share is the premium that they're going to be be paying that's a about a fifteen dollar premium over Friday's close so not insignificant yet so it's a premium over Friday's close it is however lower than the 160 dollar per share offer that Elliott had made back in May right that would value the company hire. In this this stock that really has been stuck right in this 125. To 150 range for most the last five years you can make a case that with what we're seeing here. The mismanagement they've seen over the last five years is just continuing because this stock has not moved at all you got up. Close to 200 bucks a share at the beginning of 2014. When he really has just been struggling to find direction over the last couple years here and so you know this was a company that. In the aftermath of the financial crisis 2010 to 2013. This was one of the great stories and in health care was you know company that was grown by leaps and bounds seemed like they can do no wrong. But they just have not been able to compete is effectively is as people would've thought they would not be in the last five years now so. There's all sorts of nastiness with this deal too so I mean it you know I would never. Hope to make a decision that cost me a billion dollars battalions their CEO and founder was pushed out he'd really want to retain control but there is. Some you know admissions of domestic violence years ago that for you to Matta CEO when and they don't bring Jeff Immelt right and as as say Jeff Immelt as one of your key executive chair. Executives on the board and is just like. It's not a race. He did it just feels like he company is being horribly mismanaged and the last five years fortune and now that's culminating with them taking it deal. That is you know 15% below one that was offered just five months ago exactly. I mean that that's a tough pill to swallow rent a billion dollars less than an offer you got. For five months ago it's rough. Big news in the state of Rhode Island for sports gamblers legal sports betting is going to start in Rhode Island casinos. Later this month what's what are the details on the. So by the end at Thanksgiving as your only gonna be able to do this on site so there's not going to be any remotes. Phone bay they are gonna try and let you. Say you can only do an on site but they are gonna allegedly allow you to. Do remote betting as long as you are actually in the casino down the rose to be on the place bets on your phone but you must be physically present no matter what and that's the that's a little bit different. They're not yet doing any propped that's so yeah my team sports gamblers and I am but you can't you can't bet on the probability of certain events happening at least not yet. Tucker in terms of where sports betting is going. Have you been talking anyone just kind of around in the last month to two kind of since you know football season wrapped up in everything. Does seem like more people were talking about it in general this year than in prior years I think more people more comfortable talking about it. Because it's more widely accepted across the country now. You know I was I was at a hockey game over the last week and people behind me it was a group of maybe you know four to six guys. And the entire game term. All they were talking about was gambling on different games death and it's just I guess I always knew what was out there but I I'd never really again as central to our people is more comfortable talking about it. But it was just the whole game following what we've been announced today and escapes have been on the lake Dow is nonstop for three I was an incident on. Look personally paid good money go to hockey game Marty watching him play just looking at your phone betting lines Merck and in second I just I didn't realize and granted this is. One anecdote one little group of people. But it just seemed like it was just like. A no I mean a lot of my friends are pretty similar in terms of it being a social. Social events you know it is it's it's like saying eight. Like hey what's the weather outside is they all would you dabble in tonight or as a sportsman whatever it is scenarios variable casual in just seems like the one thing I like about sports that I generally don't have to worry about anything it's just like OK the worst thing that's gonna happen is there's lake too many timeouts or something them. And this is just it just speaks to reels I I and and you can make him more exciting more entertaining to watch the daily where you can find next month's rent after you lose it poured if you win it. That's all but my question is sue. What does this do to draw people. Their costs a lot of Daily Kos website yeah and dead on line a lot of a lot of games already existing today. Does this really draw new people to the Rhode Island casino is there anything about this you and it would find a really appealing I can't hurt certainly can't hurt I would just as your already having gambling you might as well so I guess it's better yeah pretty much and I like it's totally see you know. In march of specially around these parts of the weather's not a deal you know March Madness comes around Jerry get a group of guys that go down to Providence and you know handle day trip and go to. Go to sports book in just watch the games in Campbell I mean that's pretty much what you do in Vegas night endured in Rhode Island. It's not good news follows you. Just leave Vegas like that yeah it's it's not good when it all different tacks it be at the sports book though it's a different experience have you spent any like any big days or anything like that and one of those. Yeah out for we went out to Vegas for Daschle party we. Spence. Most of a Saturday night it's Clark courier USA for USC united it's it's an experience at a G sports sports book actually we're at the the Bellagio the so do you it's so high attacked in the just this week. NASA. Order of monitors and I gambling lines and everything it really is something that they've done so that I don't collect taxes on 51% of the proceeds after pants to gamblers which is one of the highest rates in the nation. Connecticut Massachusetts do not have legalized sports there are few other states that just legalized it ness monsters I think Delaware is are there yeah. But it seems like you Rhode Island is the only one in the area that people. If people from the northeast will be over traveled to do sports here in I would imagine with the casinos in Connecticut as well as you know soon to have two to three casinos in Massachusetts I would imagine they're not far behind them I would think as far as you know within the next year to I would imagine and don't be surprised if you start to see more sports venues have some sort of a branch. Where they have a sports book has been a lot of chatter about that really lights yeah you're going to watch certain real basketball or hockey team there might. The any sports book there in the near future. In his new section that they're expanding potentially potentially. And just a hypothetical thing I'm just throwing out something that could be happening so. Let's take a quick look at our poll question of the day will you be shopping on Cyber Monday this year which by the way is two weeks from now since Thanksgiving falls earlier than I ever remember falling. But what kind of results are received so far tough I don't know let me to deal refresh there. Let's see our forty if gambling 42 point 8% of our listeners are saying yes they will be shopping and Cyber Monday. This year I'm wobble you're going to be do the most I ever met poke around you know my food deals are there shop I don't know of election by undone my Christmas shopping for this year you would have started on I finished it up about a week and a half ago so I'm understands. All wrapped up ready to go and you guys can try to you know like the exact a boy scout time. Quick break here we come back we'll go Wall Street watch and a new railroad from Springfield to Boston. Like there's something. Followers on Twitter. Show breaking business news is always burst right here on the financial exchange radio network. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've that all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Cole easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 1190s that 781. 8621190. Or you can visit them 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 -- an expert -- 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 gift in that you'll find information related to the -- process with Texas issues may arise from a significant -- -- at home -- vacation property -- what happens to the -- of the child has -- issues these are all things that you'll need to consider -- you begin your planning -- call 866845699. And get this free guide to gifts or not a -- -- 8668485699. -- Dolan has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legally exchange -- dot com. 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 -- deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great rate it's time to call leader bank at 8776917900. 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Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency -- guaranteed by the bank and may go down in value -- back a step ahead this is a special announcement for all landlords chasing -- only rent payments and making trips to the bank to deposit checks -- hassle -- -- Wednesday -- -- and -- banks all -- -- collection -- he -- automatically -- tenant's -- and deposited into your account visit www. -- -- dot -- to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months -- free for -- landlords visit WWW -- he -- -- meant to learn more or call 7816418691. Time now for Wall Street watch a look at the market's performance so far today you still Berrian chug right here on the financial exchange radio network. It is indeed now time for Wall Street wants brought to you by leader bank. With leaders Zuma rewards account yet 1% cash back with debit purchases. An extra 10% back when use your card feature businesses to qualify for these and other rewards cult leader bank eat 77. 6917900. Member FDIC. Mike Apple Stock off about 4% today how come at a good weekend and then they did have some pretty good sales over and. As part of singles decade but one of there were suppliers and Bloomington. Momentum. Which. But what's the name of it. What other suppliers which provides three chips for their facial recognition system. Reported pretty bad guys sales they can and twenty million dollars weaker than expected meaning you mean Klein it is apple and yourself and you too will mean Apple's sales might not do too well. So Apple Stock. Mainly on the news down about four point 4% in spite of very good holiday shopping weekend in China. Don't know with gene either down another 7% today now down below eight dollars a share truly unbelievable so less than eight dollars a share right now believe there on track for their worst year since 2008 when the stock fell 56%. Mean Lee had well I mean we're right in the midst of the new CEO taking ovaries slashed the David and she took a number of actions which are. You know largely seen as we need to deal with the united that we have on the books so culpa saying they're going to be using assets sales you raise cash and bring leveraged and feelings urgency Iran that clearly. They slashed their dividend to a penny per share. And there's also report from JPMorgan saying that the worst is yet to come in terms of AG share prices are another downgrade from other investment. And that is Wall Street watch presented by lead a bank with leaders Zuma rewards account to get 1% cash back with debit purchases and then an extra 10% back. When you use your card that featured businesses to qualify. Called leader bank 776917900. Member FDIC. The headline in Boston Globe is momentum builds for Springfield Boston rail service. So I did a little bit of research on this just I was curious you know what what's it actually look like if you want to take a train. From Springfield. To Boston that there was curious to know what what the past has received orders should be a pretty easier and well if this is what I found you as it does appear that you actually runs and a straight line from Springfield the Boston number one. Look in any get I don't know this is actor to have never taken one of these but it looks like what you do is you go from Springfield down to New Haven and then up. The northeast corner or to Boston from their suit actually takes. Between four and a half and four hours and fifteen minutes if everything works properly. It's. What they're trying to do is build this east west rail project. That it appears would you give a little bit more direct path and potentially. You know. Allow this to be a much more rapid trip we don't know exactly how was short it will be but they're trying to get it down to ninety minutes instead. Of five hours I want it for ninety minutes gonna be good for commuters. So I've got so I'm looking at some other information here and it looks like. That is one of the very common train routes that you have to get from Springfield news it to Boston but there are some days I'm looking at for instance a Saturday schedule where they do you have a two and a half hour train from Springfield Massachusetts the Boston so it really depends but there's only one. It's at 5:30 PM on Saturday gets you Boston an 8 PM. Every other option if you wanna get there earlier if you wanted an early train yet you go down to New Haven, Connecticut to get back up to Boston which seems old decrees. In this would seem to be a slam dunk to get done except the price tag okay is where runs into questions this potentially. According to proponents. And this is specifically from rich solvent who's the CEO with the economic development council western Massachusetts. Citic capital cost could approach a billion dollars soon. You're talking about a big chunk of change. Not in order for this to be you know end up getting done in obviously you know you'd you'd have to look for federal funding state funding some private sector funding is well. But it would not be a cheap moved to get this done in that I think is one of the biggest hold ups here's the cost because. Conceptually makes tons since you know why wouldn't you want to be elderly you know just run this thing back and forth for ninety minutes but the cost is just prohibitive at this point. Yeah I mean I would think. Yeah cost is clearly a billion dollars that's that's just. Outrageous but I would think that if you could make a train. Commuter train that has a few runs a day this options Springfield Worcester and Boston. Just those three stops you can Chad a lot of Ryder senate that sort of thing. Now to be fair you know in Massachusetts that gave the Green Line extension. Which is currently happening up through summer villain in two while Medford. That is eight miles of track that is being added in that is costing nearly two billion dollars so. Clearly unfair cost six you know lately these things aren't cheap especially in Massachusetts. Folks if you are. At or near retirement age legacy planning is something that you're going to want to be mindful of it goes without saying. We want to leave our children in great shape if we handed gifting our assets you know homer vacation property. It can create huge capital gains tax problem if the kids choose to sell home. Todd what's he's an expert on older long taxation and he's been helping families like yours with their real estate planning and rather state planning. For years let him help too if you're beginning to think about legacy planning for your family. Call the top brand new guide to gift or not to gift. 866848. 5699. Gifting assets to our children has a special meaning but if the children have creditor issues or if they go through divorce. Problems can arise they could be disastrous. Protect yourself and your family by getting this free guide. Gift or not to gift you've worked a lifetime accumulating wealth. Now he should spend a few hours to make short stays in your family the right way. Call 866848. 5699. That's 8668485699. Or download right now at legal exchange show. Dot com. We now go to our daily oil update since we've seen oil now dip in to bear market territory. In which. We so the price go from that 75 bucks a barrel down two under sixty last Friday today bouncing back up to about 61. And it's. In theory this is probably because Saudi Arabia. Is. Guiding towards say we're gonna start make its production cuts in leading OPEC towards further cuts as well. Yes I mean the saudis said that they would slash exports unilaterally next month. There's a big question on whether or nothing get Russia on board. The saudis you know obviously the saudis want higher oil prices but their their. Flirting with a little bit of a difficult situation here because. There. Ability to really move the price of Boyle has declined pretty substantially. I think so yeah I mean well maybe compared to twenty years ago. I think that there there are doing to move the markets like they did twenty years ago is just not as substantial. Mainly because. No date they took this policy that got oil prices up over a hundred bucks a barrel in past years past and Americans and Canadians. Basically said forget that will find ways to get at oil out of the ground and have now become substantial players. In terms of you know where you know really where Saudi Arabia goes in the future. And I think this is one of the more fascinating things to talk about over the next decade. Because Saudi Arabia in the US have had this classic an easy alliance because it's it's being this deal alliance is the 1970s are effectively where. Did the trade effectively has been. Hey we want you to price oil in US dollars in return we're gonna silly armaments were gonna you know we're gonna be up support US ally in the Middle East and so forth and so you've had this alliance effectively over the last forty almost fifty years now. It worked for the US because we needed something to be you know give the dollar some some back and beyond just you know what we say it's worse. It worked for the saudis because they needed legitimacy in a market for their oil. But the big question I have going forward is China's going to be the biggest oil importer going forward for the foreseeable future if not and not for effort is camp exchange at some point. But at least the next twenty to thirty years. China's going to be where the bulk of the demand is in I'm so curious to see what the saudis do as far as hate. Do they maintain what his work for them for the last fifty years or do they start to move in and maybe pivot more. Towards closer relations with China the birdies started that somewhat yet but I I think it's it's fascinating and and that's why whenever I look at something like this about Saudi decisions. It to me I always try to look at it through the lens of look what is saying about who they want to be aligned with going forward. In politics are incredibly complex here in the movie relationships that you have are very very complicated and clearly we have a varied you know close strategic relationship with the saudis. But yeah I mean you have Russia India China that would love to you very much changed the dynamics of how oil is traded and where it's coming from and how it's priced in the market these days. So that's going to be something that. Really when we talk but the most important issues in the next five years oil and specifically what the saudis do as far as how their line geo politically. I think is something that you can't get enough reporting on because it is one of those rare issues where it is actually. That big of a deal if there's one thing the saudis can get them to deal with China and Russia would be just less. Political pressure on and you know do what they do inside their country yeah he'll absolutely rest doesn't have a whole lot of opinion on that but China and Russia and non. We're gonna take a break but when we come back we're talking bad UPS averting a strike from their freight drivers and then also Softbank go through an IPO on their mobile unit that is right up after this break it's hard to dial a phone or send an email with too dumb and it's easy to text we've got an excellent running and can tell us what you think right now by texting us at 63566. The skewered battery and join our exclusive club face is that 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 and a half you are required to start taking withdrawals from your retirement account of course questions to arise how much to like take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's -- -- 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 website Armstrong advisory dot com. Securities are with the securities America incorporated member in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and hurt companies are unaffiliated. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public ski senior partner with a laugh from of cushion in Dolan can help time is an expert in estate planning elder law and taxation and if you're in the process of legacy planning you need to call him right now and get his new free guide to gifts or not a gift in that you'll find information related to the gifting process with Texas issues may arise from a significant gift click at home or vacation property. And what happens to the asset of the child has creditor issues these are all things that you'll need to consider is you begin your planning some call 866845699. And get this free guide to gifts or not a gift that's 8668485699. Cushing Dolan has over thirty years experience helping families like yours let them help you do call 8668485699. Or download the guide right now from our website legally exchange showed dot com. Are you having problems the blocks in current drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently and believe me I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work. I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber with fair competitive prices. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 1190s that 7818621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. If you're real estate or property management company you need a 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 it's innovated to see rent payment platform leader bank has a team 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 choose leader bank as their banking partner call 8776917900. Or email BDO at leader bank dot com for more information member FDIC equal housing lender. On top of breaking financial news by becoming a member of the carries brigade blog on the financial exchange or does come in sign up today. There's for UPS on the contract negotiation front you remember they had. All kinds of questions about a deal with though a lot of their drivers back in October yet but here. Getting a clearly ratified contract with. Their freight. Workers. That suggests that this is not going to be an issue for them going forward a five year contract 77%. Of votes cast approving this deal yet covers the 111600. Workers as is largely heavy freight. Portion of UPS's business. So it's all this is a small piece of UPS workers but it did it didn't quite disrupt service they continued deliveries but they did dad. Basically clear their entire networks are in case you didn't get approved there wouldn't be any disruption. UPS stock hasn't moving on this. You know how many this is twenty sixteenths this might be slightly outdated but any guess on number of UPS employees worldwide. Some 300434. Big dance picked up. Big company but. Good news for them getting this deal done this is not tiny thing that you wanted to have hanging over the holiday season. So this deal getting done in now UPS does appear. To have a clear path forward with their labor. At least for the upcoming holiday season. Japanese investment firm Softbank is going to be pushing an IPO. For their Japanese mobile unit they are trying to target 820 billion dollar. Raise here. As they are hunting for money to fuel some of their other investments they want to make. Yes Softbank in one of those countries that just seems to have their toes and everything is there one of the early Hoover investors they'd get they've been all over the place together going to be listing this is trying to bring in some cash and real the who knows where to spend this but it could be up to 23 billion dollars in IPO price you know. Probably not a bad time in terms of tech IPOs I don't and I'll definitely with the Japanese. Tech IPO market right now but. Just looking to. Monetize their investments to really continue to spend another boom and pretty inching in various so I think Softbank needs capital that's why they're doing this and specifically if you look at how Softbank is is gained access to capital the last few years. And heavily dependent on Saudi Arabia for that there's two issues with that a number one. Increased scrutiny of Saudi Arabia because of the show Bieber right and number two you've had fallen oil price for the last month now and I think you know. For the saudis that does mean hate things need to tighten up will be needed funding. Isn't necessarily there so I think those two issues are causing this because if this was a a unit that originally. They were trying to. You know both gold higher kind of targeting candidate the amount they've got that Alley Obama's sail back in the day of 25 billion. In the coming in below that and so I think they're making this move because they have to do not necessarily because they want to when peace prize. Rose closing some additional stores we saw that last week the announcement there they are closing 51. Underperforming stores. Twenty of them in the United States and this is the second set of closures. That you've seen since Marvin Ellison took over as CEO. What do you make of this at this point. I get a little bit concerned. Eight yeah I agree unity duty to close underperforming stores and that is that is key and we are facing a little bit of a slowdown in the real estate market tomorrow early release early indications of a slowdown there are so. That's been reflected in a lot of these companies' earnings where you home improvement companies just. Not having a news seems types of earnings that we've seen in the last 34 years is people pour money into their homes. So on the you know on the one side yeah the majority stores are within ten miles avenue Lowe's. Bill BO a customers will still be able to get to lows but on the other hand I say. Are you really doing anything to compete with Home Depot here it is about I'm looking going to one of the other and they're both equal distance from me I'm defaulting on people person. Well in I think when the other questions that I have with regards to Lowe's is home people we've at least seen some news recently. That they're trying to get more into e-commerce and little more competitive there yeah. I haven't seen an incredibly close could be doing this. But to not really publicized like what have you seen anything like solos gonna try to offer to day delivery next they'd like. I just I haven't seen anything there and so. I mean she's suffering anything terribly invade America and this is playing defense which you need to do OK when things aren't going well stories you need to play defense that's that's fine. It's it's the question that we always ask. It in that question is. What are you going to do to grow in the long run this is great if you need to play defense to your house in the chair effort company has to do that at some point. What's gonna be the next being. That lets you grow beyond where you are today and it's not necessarily that close isn't doing it but they're not messaging about it right in that's half the battle. In today's world if you don't message it's of the people don't know about it there are gonna find you. Yeah and you know I just look at that let's say we do had a big housing downturn right let's just say that it's not you know it's not always level but we do just see a big slowdown nationwide in terms of home prices and home improvement and in that whole industry to slice a little bit. I'm not I'm not all that comfortable with the position at Lowe's is an especially in comparison to appear with their britches revealed deep in home people like. All you have to do was compare these stocks over. You know really go take a look just over the last five years and you take a look at Home Depot and over the last five years they've gone from eighty bucks a share to 183 more than double. You take a look at those they've gone for about ED I'm sort of on home people again just because I clicked the wrong button. Lowe's has gone from you know 51 up to 96 OK you're in the same ballpark but then you start kind of holding any say gee. Near the last you few months since Ellison took over there's been more questions than answers them and you know especially. Again he's a well respected guy but you know really struggled coming in to JC Penney where it was before the rest. In those kind of a lose lose situation and again it was turning that company around now and over that there was a good job for anybody prime harassment but it's. You want to see that engine for growth and with lows. It's paid you know we're closing down stores but show me what you can do to grow it specifically. Adapt to what's coming next is all the retailers. That are able to survive today. There either doing something uniquely to TJX where they say hey we've got a unique you know shot a shopping experience in the brand or they're going online at finding new customers that way. Lowe's I just I need to see that next little piece for. Yet this and they again this can be my on familiarity with lows in comparison Home Depot but I feel like when you go to Home Depot. You have a lot more of those people that we will contractors basically that are roaming the store trying to pick a business that are exclusive don't be too deep and I don't see it as much and lows. There frankly find it somewhat annoying when I'm shopping their often but it's another revenue driver for the company. Take a quick look at markets here Dow off 320 points S&P off 33 NASDAQ off 161. As Friday's sell off spills into. The new week. All the time that we have on this hour of the financial exchange with coming up we're talking a little bit more. Terms of business stories that are moving the markets on Monday. 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Or you can download the guide right now from our website Armstrong advisory dot com securities are there's series Merck incorporated number two wrestler DC advisory services are registered as America advisors incorporated Barry Armstrong were presented at Armstrong 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 is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with a -- -- of -- -- -- can help time -- 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 -- you'll find information related to the -- process with Texas issues may arise from a significant -- -- at home -- vacation property -- what happens to the -- of the child has -- issues these are all things that you'll need to consider -- you begin your planning -- call 8668485699. And get this free guide to gifts or not a -- it'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. 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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 5000 dollars and you fail to take that money out you can be penalized. Up to one half of what you're supposed to take out but didn't so let's say you didn't take any of your prior distribution you can be phased in IRS penalty in that case. Of 2500 dollars so it is a significant amount in in terms of you know that penalty it's not just that you face on that one year if you miss 2345. Years 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. 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 803934001. Or Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. 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 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 and a half you are required to start taking withdrawals from your retirement account of course questions to -- how much do they take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's you worst for free by calling 803934. Zeros or ones that guide we'll tell you how much you have to take out based on your age and it also explains an exception to the RMD rule as it pertains to your current employer plans call 803934. Zeros or one where you can download it right now for my website Armstrong advisory dot com it's. Terry suffered a securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated. It's pretty hard to find a bank that as 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 -- this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at leader bank dot com. No deposit to open in an annual percentage yield is ten dollars two points or 3% interest rate messrs. until late fees reduce earnings re subject to change without notice leader bank a step ahead member of the icing. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city. Your world 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 very Armstrong and chuck Exxon. Well it's Monday here on the financial exchange went and fortunately. And everyone. The weekend. Didn't really do anything to stop the downward momentum that it started. Really late Thursday carrying a Friday now while unfortunately. As we make our way through Monday morning. Now we continue to see markets in negative territory today Chuck Todd and Mike Armstrong and Tucker still only here for you today. And a quick update just to give a reset on where markets are right now the Dow is off 344. Points at the moment the S&P is off 37. NASDAQ down the most down off almost two and a half percent 180 points down today. As we continue to see. Market struggling to maintain any kind of positive momentum. Big factor that I think is probably working against market state dollar is rallying strongly today to its highest level. Ian it looks like about a year and a half and that is I think something. That is weighing on this market significantly right now as we continue to see all three major indices. Ian. Negative territory also some other piece of data oil back up one and a half percent now to 6103. Gold selling off as well down four dollars and sixty cents an ounce. In the ten year US treasury will money flowing back there today in a little bit of a flight to safety this man and a three point 19%. So. Overall this is a about what you qualify as a flight to safety. It is CA. I wonder if you have a tough time envisioning the dollar losing a whole lot of value when drew we seem to be the only. Developed country in the world raising interest rates right. At least it to any reasonable amount tourney you know a significant amount. Yet he needs one of those things where it it. Well when we talk about in the prospect of inflation and potentially the dollar heading down. It doesn't matter until it does and then when it does mattered those things tend to move very quickly so. At this point you know dollar strength somewhat being maintain what's with the what's fascinating though. Is you have not had eighty it was with all this weakness that we've had in in the in equity markets over the last two months now. You have not seen corresponding strength in the US bond markets you know normally in this case where you see a big sell off like this. You see all that money flock into bonds and bid bonds down and haven't seen. You've had bond selling off as well so it suggests that there is something there that is looming out there but. It doesn't matter until it does it's it's just that they had a question where's all the money going. That's a question that I can't answer. Yeah I don't cash international is certainly not international equities to know as markets are doing well. Even if you're all going to cash receipts and you would expect to see I guess that that could be answered just a modest impact in the bond market rises to make significant one. Keep in mind part of this OK is you could have money flowing in the bonds but just because you're seeing lacking new demand for new debt that's being issued. Bond yields can be moving up I mean we you saw last week. There is a treasury auction had the lowest bid to cover ratio that we've seen in the last five years now so. You you're seeing some things in the bond market suggest the demand isn't there. And that's something that doesn't matter now. It's going to eventually. What does matter now is the fact Alibaba knocked the cover off the ball on their singles they sale singles they if you're not familiar with that. Is the that the Chinese equivalent. Black Friday Cyber Monday and Amazon prime day all rolled into one. It's so big in fact they sold more goods on singles day this year and all three of those other holidays combined in the U. It's pretty pretty incredible almost 31 billion dollars in sales there qualities that these things we should sell its shop just shop and he has manufactured by Taylor's company but. 31 billion dollars is no small amount to sneeze that that. I wonder if you can really take this is any indication of the type of holiday season that were going to add your domestic how much of a year ago shopping do you do on line at this point. Well I'd ninety's some odd percent other than the stuff that my wife buys for me when she used to restore the only stuff that it's pretty much pro 730 on line. What kind of stuff do you still buy in person. I just as an example of the top man identified closet doors and Saturday at Lowe's. You know I could've gotten Jacques closet doors for Christmas. Not enough Christmas. Shopping until we are talking for all he's athletic proudest of I guess you say just I I. Yeah I use that shot out at Christmas. For holiday shopping Hamachi do an online verses all my 100% I've seen on who's get the cause or for Christmas nobody else like throwing and so you know on a shopping and there's an extra tempers percent emphasis on online. And it is I hated person. Specifically this does get into your questions about where this retail season. Is going to be going we know that wages have ticked up in the last quarter faster than any time since the financial crisis. In theory that should bode well for the holiday shopping season for retailer. Yeah I mean consumer sentiment at nine B eight point three in November to give you some context that is the highest since the turn of the century. Working age feel so if folks aged 25 to 54 are anticipating. A pay increase of three point 6%. That is a buried there behind number I don't know certainly in the last decade and that's guys who have seen apartment yet to go to see better. This would all lead us to believe government have very strong holiday shopping season. In terms of. When you do most of your shopping and I'm going to twist the stifled because I'm already done my Christmas here's what what's on your schedule these days are you. Black Friday cyber Monday night before Christmas what what kinds. I honestly really don't start thinking about it until after Thanksgiving. I think your are in the majority. Of throwing a lot of people don't really consider crisper sharper until after Thanksgiving yet I don't want to. So I know I do across the tenor of the entire year just kind of as I see things and opened it up there again in outweigh any I don't get stuck with a huge bill late you know when I'm buying all the stuff all of one month now and beat. You know it also lets me everyone waits for no Black Friday deals you can find really good deals throughout the year. You know. So like I tempted tended you have editors you don't get to you don't get straight then on you know wake him going to bed after Thanksgiving week not that. You know 11:30 PM. Driving down the shopping I mean that's a really on the outs earlier experience you know you've got the Wal-Mart parties the kickoff at 4 PM on Thanksgiving Day cool cooked using coffee as is there any place that you'd rather be. Then Wal-Mart at 4 PM on Thanksgiving the answers yes everywhere else is where you would rather be Omar at 4 AM on things you know that's better that's that's still better this does lead us to our poll question of the day up right now on financial exchange showed dot com. Will you be shopping on Cyber Monday this year what kind of results are getting talker yes so far two thirds of our audience is saying no. That they don't or don't plan on shopping on Cyber Monday this year which is kind of a surprise. Trigger be more 5050 but this whole time. Financial Accenture dot com I feel like a lot of the Cyber Monday shopping is almost accidentally you sitting around at work and maybe get a five minute break you know after a meeting of some new technology maybe just go on Amazon. In any just ended down a rabbit hole buying like beanie babies and stuff that you never intended to bond. See in the past I've released just spends. You know every hour. You know just kind of monitoring interest checking in on great Bradley. Yeah I mean I'll check because it changes every hour and hands on this new deals that arise but that being said. I've never meters substantial purchase on that money just as I didn't think it was worth it. Let's take a little bit of a breakdown when we come back really talking about credit card defaults they're down owned. But its debt levels are doing something maybe points to problem down the road quick break we're back right after this. Business news is constantly break. And we're here to break it down and show what it means to your portfolio is the financial exchange with Barry Armstrong 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 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 web site Armstrong advisory. Dot com securities are protestors American corporate 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 is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with a -- -- of -- and -- can help time as an expert -- estate planning elder law and taxation and if -- in the process of legacy -- you need to call him right now and get his new free guide to gifts or not to -- in -- you'll find information related to the -- process with Texas issues may arise from a significant -- -- at home -- vacation property -- what happens to the -- of the child has -- issues these are all things that you need to consider as 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 -- exchange -- dot com. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. And believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable Palmer. 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 781. 862. 1190 that 7818621190. 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. It's pretty hard to find a bank that -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal the 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 about all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great great it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to sigma businesses that number again is 8776917900. Or visit them online at -- bank dot com. Minimum deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduced earnings re subject to change without notice leader bank a step ahead member of the icy. 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. So the headlines for MarketWatch. Credit card defaults are down that debt levels are on the rise. What kind of data receive your like that charge offs are going down to charge up happens when you don't fear credit card bill for six months they've basically. It is. Pitcher curve for the charge off it's pretty detrimental to Newman's been hit with one in the past that he can pretty much open any new dad at that point. But those are down I mean defaults are down but the amount of total household that we we are. Hitting a fourteen trillion dollars. And now most of that is obvious in Baghdad is almost always joint history most of her dad has been nine point 43 trillion. In housing debt but across the board we are seeing debt levels rise credit cards being no. In no small piece of that student loans being in increasingly large portion of our total household that. Yes student loans aside for mortgage debt now or the largest chunk out their student loans making up almost one point five trillion dollars an outstanding debt right now auto loans about one point two trillion. Not credit card debt is you know ballot. 80900 billion so mean big chunks there home equity lines continue to be paid off and higher rates so you know one of the things that does make this time different. Now from the housing crisis even though we're a little concerned about housing right now because of rising rates. If you look at the run up from 0507. People were taking out home equity lines the amount of debt that was abstain they were just building. Since 09 we've seen the amount of home equity line debt go from about 700 billion dollars down about 450 billion so. You know and that that that raid of that being paid off I would imagine just going to just going to get faster and faster is a interest rates go up and be. He can't deduct a lot of that anymore no you can't and so that's something that you know is is of dramatic change right meal prior years where hey you were able to do that in any case now you still can't in some situations. But not all of them. The average eight PR for credit current right now in nearly 17%. At this point in time not surprised by that number the other what do little trivia let's. Okay we're gonna do a little bit of tributes than are 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 is on a mission and that mission is to provide you. The better way to eat visit seasons 52 today in Burlington Chestnut Hill or Palm Beach Gardens. Or go to seasons 52 dot com menu information and reservations. Book your holiday party today and you'll also get special gift for all of your guests and we're doing trivia today. Based on the movie. Mrs. doubtfire it was released 25 years ago this month one of the grist crews are currently five years ago 25 years ago in 1993 is when it came out. Actually it's one of the first moviegoing experiences that I remember best out with any type of new concrete detail. But so we are due attribute on the movie if you're not familiar with that it was a Robin Williams what he was a divorced father who disguised himself as an elderly British nanny in order to spend time with his children. Which sounds like the creepiest thing ever but it really works out as a lot of the imports because of Robin willing yet like let's be honestly that's the only reason. That'd actually works over to a trivia. Based on this movie today and if you get the answer correct and if you Warren the let's do the sixth person with the right answer today. You're going to get a fifty dollar gift certificate. To seasons 52. To reduce the second one. You want to dissect what Jack is this is something that learned this morning saw a post pretty interest and let's do it then. Which famous actor turned down the opportunity to play the role of mrs. doubtfire in the 1993. Film. You this sixth text or with the right answer Texas at 63566. And you get a fifty dollar gift certificate seasons 52 which famous actor. Turned down the opportunity. To play the role of mrs. doubtfire in the 1993. Fail. We'll have that answer coming up in just a little bits. New York City continuing to try to crack down on air B&B rentals that. Are not supposed to be out there yes I was looking this up in New York seems to have one of the most prohibitive laws I've seen. Out there on the unity putting your apartment or home up for rent on their B&B a pretty much restricted across the board unless you. Owned one of the small in a small single family type of home. Or encased in less you do hosted rentals that would be wary of saying okay what that means means you got to bed and you're gonna be there in your renting out the other bedroom for an sincere allowed to do that but you cannot do and on hosted rental. We're basically just giving the person the keys in full access the apartment without you being there. At all in New York City. How does that compare to you know some of the other laws that you've seen from other cities a lot of the laws have just taken the approach of hey as long as we are still collecting our rooms taxes so our hotel tax. As long as soon we can inspect a lot of these apartments and make sure that they're staying up to safety standards obviously. Hotel for instance has much more rigorous safety standards in terms of the fire exits in terms sprinklers and he. Individual's home so a lot of the states is said you know we're gonna hold you to a higher standard if you're going to put up this apartment for rent. But largely. They've taken approach of kind of partnering with their B&B and collecting taxes and just moving on wears New York has. Pretty much laid down a law saying no we do not want an exit so what kind of violations did they find here and knew what kind of situations that they run across so they they sent a team to read this big apartment building guy in Manhattan. They gave 27 notices of violations. Fiennes who were are being all over the place thousands of dollars. The thing in New York Tuesday have a specific law where you can be find thousands of dollars just for listing. Your apartment on one of these web site sorry if you are advertising your apartment for rent. And violating. The terms there that he can just fine if that even if you don't and upper end to. What. Do you make of this approach in that you know you mentioned this is a bit much stricter approach and where where I stand now give you my opinion first I guess. I would give this and I think one of the issues that we've run across with air B&B is. The fact that you have people who buy up properties through then looked to simply ran them out as it did their buying them just so that they can rent them on derby and beyond. Which never existed before used to be hey if you wanted to be a landlord. Great yet yet to go in and say okay we're gonna have you know one month minimums and so forth you can but. You know you couldn't do those daily ones they can really clean up cash flow and make things work pretty easily. If you wore a landlord. And I think one of the issues that I've run across in the number of errors one of the which that I lived in when I lived in Somerville Massachusetts. Was people were doing that in the housing supply just got so tight. That it was really unaffordable for people who wanted to actually lived there for him to go and find properties so. I have some sympathy for people saying look this is really restricting housing supply because you we can only build so fast there's only so much land that I think it's something. I think they're being Bea needs to be able to exist but it needs to you know have some respect we need to work with communities to make sure that we have housing supply that can you know. Factor that it. And that would be my point is back in their ways to go about this that aren't just having a blanket ban against ranch in your unit out a you can come up with ways to say okay. Differences I think San Francisco came up with a law that said if you. Own and operate more than three of these units on any of these like short term into web sites that you're gonna be basically treated as a hotel. And you're going to be held this in standards there. Near their different ways around this than just saying hey we're gonna completely restrict free markets and not allow anyone to post on your B&B. It just you know collect the taxes create some rules that are reasonable. And by and large let the association's handle. A lot of Condo associations and I've seen at least. And restrict the sort of things a lot of mild Condo association in the Boston area said you cannot rent your apartment out for less than thirty days and that bodes very much tellers in bile is just you weren't able to do exactly. And give them more power to enforce those rules and I would think that the sort of a shall take care of itself but the problem with a full out ban. Is people always find ways around where's if you come up with some reasonable lost the follow then you can get a lot more people following those rules. Or even something like this effort Cisco one you can see ways around it OK so I can't don't three of these hey maybe I says to he's like that there's ways to manipulate all of those systems. But I just I will get what is happened in a lot of these places and I don't think air B&B is the only factor but I think it's one of the reasons why you've seen. Property prices get so one affordable and some place yeah it's it's it's definitely something that's contributed. And I say this despite being someone. I use they're being beat yep I love the platform I have plenty of friends who own some of these rentals and rent them out. Like you can't divorce yourself from the reality of the situation can be you could hold both views simultaneously can say look I love the platform. But I also understand the of the the bad impact that it's having on local housing supply. And personal ads don't feel that New York city's policy of saint Edwards got to start reading buildings and finding people more. Is going to stop the situation I think you need a different rule here that people can. Still participate to some degree in the platform but. The day if you're just gonna be fining people they're gonna find ways to get under the law. Maybe down feared this aggressive about it. Maybe I act of Iran's all out of enforcement resource is going to something you know like this that could have you know been going towards other things. Yeah day you know I was about the drug war. Sometimes doesn't matter how big your enforcement is given and find ways around the rules. Are you comparing your being young to that was perhaps of that comparison but. I don't use it as a you know I like him I'll I'll just making sure there were on the same page slam you know we're particulars. We're gonna take a break when we come back we're talking Amazon HQ two and perhaps blue ribbons saying Miller course trying to put them out of business what's going on there. We'll let you know. The financial exchanges of live on FaceBook so make sure to 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 -- left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with a -- -- of -- -- -- can help time -- an expert -- estate planning 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 with -- issues may arise from a significant -- -- at home -- vacation property -- what happens to the -- of the child has -- issues these are all things that -- need to consider is you begin your planning -- call 866845699. And get this free guide to gifts or not a -- that's 8668 -- 5699. -- Dolan has over thirty years experience helping families like -- let -- help you do call 8668485699. Or download the -- right now from our website -- exchange -- dot com. It's pretty hard to find a bank that -- -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so 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 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 -- bank dot com. Minimum deposit to open and an annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings re subject to change without notice leader back a step ahead member of the icy. Are you having problems the block sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me I've that all kinds of trouble trying to get people who can come in and do capable. Qualified war. I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber with fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous. They will be on time to take care 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. 1190 that 781. 8621190. Or he can visit them on line at easy homing 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 some penalties Mike how steeped in the penalties be on our d.s that are taken out. They can be very severe so. Let's say your first year required distribution is back under 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 face 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. 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 ignore the required distribution payments on your retirement accounts. Required minimum distributions can be a little scary but our strong advisory group has a new guide out this month titled required minimum distributions. To help answer all of your questions all you have to do to get it is call 800. 393. 4001. Or you can also downloaded for free at Armstrong advisory dot com once again that number is 800. 3934001. 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 the securities America companies are unaffiliated. If you missed any part of today's show not to worry good financial exchange showed don't come in quick listen. Then click on demand and catch up on every segment. You'll also find podcasts of all of our full show us just punch up that listen button had financial exchange showed dot com. Hey. So the trivia question we had last segment was famous actor turned down the opportunity to play the rule mrs. doubtfire in 1993 film. The correct answer was Tim Allen. Who had the right answer Barbara from Essex Connecticut ticket with a six correct answer in our trivia contest has brought you by seasons 52 with 43 locations nationwide including two in the Boston area and one in West Palm Beach. Seasons fifty twos on a mission a mission to provide you with a better way to eat visit seasons at did you stay in Burlington Chestnut Hill or Palm Beach Gardens. Go to seasons 52 dot com for menu information and reservations but your holiday party today and get a special gift for all of your guests here that's while I thought that rob wins there's always offered that first you just fine because you. Just would have been a very different movements in now. I would say so and and use off for the role the parts do. Yeah turn that down to that amounts pretty hot 93 it was right around home improvement anyway news anchor and now. And glass and I'll to restore the next year then. If he was I mean again he was as big as you could get pretty much at that time you know was. Pretty shocked that they always find amazing with Robin Williams is like you go through the movies that he made. There are many glee does that one via a couple flipper like. You're going to see I seem like fifteen guys you're totals I was like a brick like listen you bad essays plays and midfield Massachusetts. Unruly. Good midfield college. And so there's that Allan Dodds knows there's there's not a lot there is in the other thing is just like the top in for him. He's just so good like you go through like good morning Vietnam like it's just like there's so much good stuff that he. Anyways back to one money let's talk a little bit about what's going on in markets it before we get some of the stories here Dow now off 450. Points Essen peel 44 NASDAQ off 196. So we continue to see market struggling as we are going through this morning here. You know what what's caused that they've got stronger dollar you've got in its Cannes continued concerns. About inflation. Anything else that you think is potentially weighing on markets today. I mean apple seems to be really bleeding a slide but I don't see anything any truly detrimental news on on apple other than their iPhone orders do look a little bit weak. Those Johnson hinting gators here bit so I deal more digging on this and there was a report that bear the quality of their MacBook in new iphones. Is possibly down I saw I saw a little bit notification at they've admitted there's. Maybe some issues there and the bigger issue is one of their suppliers hinting at a weak quarter. Meaning it the demand for apple might be pretty weak for your new production but. Nonetheless in the markets not love and it's Dow you know down nearly one point 7% S&P down on one half NASDAQ down two point 6%. So what's it now and talk a little bit about one of those tech companies that is struggling to actually Amazon. With us getting a little bit more clarity and maybe where each Q2 his landing with the the rumors out last week the directional to split it between. Canada Northern Virginia DC area hate. That was why I hate the idea that a split up rather than just you know actually give one seed big win why. Hey just because that's what I've been expecting and I'm expecting these 50000 jobs to go to one place and now it's it kind of has a let down and have a split HQ to an HQ three and now it's not HQ to you know we got two different ones if this if the rumors are true of the thing that's. Kind of interesting about this is. It that it's kind of disappointing immediately east. Is they went through this whole thing for a year old we want every city do apply we wanna look for the city and as the best education in the best transcript in this. In the news depict new York and DC. Like yeah. Guys like if you're gonna say like oh we want these very specific things but then you just pick the two biggest hubs in the United States on the East Coast. Really we had to go through this whole dog and pony show there and and look I get that the messages. I get that they want and all this competition in the make it something that cities were competing over but we went through all of this to speed pick new York and DC. They still haven't announced anything too which is frustrating is that for a wild here we had no. Idea where is gonna end up and now the rumors are coming out and if it ends up being new York and DC MB really disappointed I'm still sticking with Boise the the inching article here on CNN business is that the interest in real estate those two areas. So Crystal City. In Virginia and then Long Island City in New York interest. From you know real estate investors is up massive amounts red fined town searches in the first six days of November grew 345%. In Crystal City and 660%. In long island city of people trying to make quick flip on some proper. And to be fair so if you're talking about you know. New year transportation. If you've ever looked at a map of DC here if you've ever been to DC. Crystal City is literally are right it is written next to Reagan airport Texan like the Pentagon and yet it's if it's pretty much right in the middle all that so it's you can. Pretty much walk across the street to the airport if you want to so. At least to a certain extent I give credit OK at least like you take the transportation think seriously. But again we went through a year and a half like not a year and a half but a little over a year. To get to DC in New York the c'mon like we couldn't we couldn't move a little bit more rapidly passed that. This story is a phenomenal one here pabst blue ribbons saying that Miller course is trying to put them out of business. Not by competition but in fact what's interesting and I didn't know before this Miller course actually bruised Pabst Blue Ribbon for them video. Yeah I it's pretty entertaining a Mac kind of in the back in the head I can I knew that a lot of these smaller brands of its PR perhaps driven as a pretty big brand but. I knew that a lot of these just use the other facilities. But you've had so much consolidation happen at this point. That Miller closed course is really the only company that has the production capabilities to handle the demand for perhaps Anheuser-Busch doesn't do any like some blessing of their of their facilities. And so what is so props is pretty much saying look weak MillerCoors is the one who's making this for us we we feel that's. You know we're not able to compete otherwise and yes they've got to deal that goes through 20/20 that says there. Miller causes going to brew their beer until two point one mean. And then there's some interest thing information about there's two possibilities for five year extensions after that and but perhaps is saying is that yet be one thing if you just said hey economically doesn't make sense for us. But the somehow got you know what they're considering inside information that. MillerCoors went out of their way to bring in consultants and find ways they could legally break this contract. So that they could try and harm perhaps business and and it's a pretty tough argument to make there. I mean it seems like Miller course would have the option to decide luck. ID pay us what we want to we're not doing this anymore. It did really makes you here's the thing that I wonder about so I think that the perhaps name has a ton of value yet. The asset based on total and if perhaps goes out of business someone's gonna pick up that brand name and do something with that so. Either way I don't think this is the end of pabst. It might be the end of this run with MillerCoors brewing for them and you might see prices change and you know locations change in distributors change yourself. Our would be day if this contract runs out at 20/20 did. Have what thirteen months to put on huge. Manufacturer says that they do four point five million barrels a beer a year. Right now I mean you can't just turn around week Erin thirteen months even. Say it could be a pretty big detriment to apps apps business that does go through. First we and a business with leader bank for many years here at that our strike if you're in need of a bank account with great rates on checking and savings accounts looked no offer than leader banks knew the rewards account. Qualifying customers receive 1% back on Deb it's 10% back it featured businesses no minimum balance required and no monthly fees but that's not at all. Leader banks Hubert savings account has a two point 05%. APY again that's two points or 5%. And a great perk for you customers and now when you open a new accounting music promo code Barry. If you qualify these team resume rewards for the end of the year. You get an extra fifty dollars deposited into your account just use that from a coach Barry when you open your new account in person or on line. If you're searching for a great rate it's time to call leader back at 8776917900. Again 8776917900. Or visit them online at leader bank dot com. Mean owned positive open and earn annual percentage yield is ten dollars two point 03%. Interest rate mass residents only fees may reduce earnings rate subject to change without notice leader bank a step ahead. Member FTSE. Sticking with news out of the beer and spirits industry Dee ya GO. The massive international conglomerate that owns a whole bunch of different brands they are trying to sell off nineteen brands here. Not to say as Iraq company for 500 in fifty million dollars. Yet trying to go up markets and you know I get that you're trying to disassociate yourself with some of your lower and brands that are selling us Seagram's whisk the national obstacles logger Myers rom pop off vodka in this kind of running reminiscences types of boos there'd be drinking and as. Political 21. Big yeah off like nine dollars yeah it is. Disgusting. I doubt very they've been working on going higher and they just recently acquired. At the execute and it was a when that was sponsored by. With the George Clooney he had George Clooney Lazio's. And trying to really focus on those elevated brands which I'd yet but. But I like about the lower and brands that gives you some insulation to economic periods of downturn. And so if they get good values out of this than it might be a good deal for them. Just reading the names some of the things they're selling make me feel physically ill right now it's it's just like is that some of the stuff that they just. It doesn't sit well with me now O Rourke can abyss Canada's company based out of Canada. There's stock moved up 3.3 percent in premarket trading. In Canadian markets after they reported just a massive amount of no pun intended growth. Ian there revenue over the course of the last year. Net earnings were a year ago today they're net earnings came in at three point six million dollars. This year same quarter a 105. Point five million dollars in net earnings MIA. This is obvious is why you've seen these stocks rally as much as they have. And spin of course the legalization of marijuana and Canada makes that a little bit easier but truly incredible results here. The thing that's fascinating here's who was on CNBC just look at some of the some some of that Billy the figures that they talked about when it comes to this. On our just. Kind of it it's really interesting what's important to a Kantor's company number one. How many pounds of marijuana did you actually grow they grew about 111000 pounds of marijuana in the quarter. Pounds from 111000 pounds of marijuana the and one quarter. Other things that are important and again this is the these the kind of metrics people don't look at with Canada's company's. Cash cost per gram of candidates. So their cost of actually BO growing the stuff. It decreased by 22 and a half percent year over year in fell fourteen point 7% from the prior quarter thanks to more efficient production. That's that's and press I blew it the entire cannabis industry my only concern right now is are you kind of peeking out on the good news that you're gonna get for a while I mean you've had Canada legalize it. In less you have. You know the US house or president trump talking about legalization here in the United States. I don't see how listeners can get really any better for the campus industry and they are right now. Well I was like to say look there's two ways that stocks can go up they can have meaningful change in their business that hate this stock is now worth more or. The story around the stock in chains and you can have people buying based on anticipation. You can make a really good argument there's so much anticipation. How much upside is left on some of these names at this point right announcing it's not there. But you know some of that might be priced in right I worry that they're getting priced as though it's legal in the states. And they're not quite there but it's it seems like it's getting to that type of obsession word or take a quick break and on the back and Tim Stevens from CNET roaches gonna join just. Gonna he's gonna join on us. To talk about behind each RB not the CRV the HRV coming up right after this break. The financial exchange. All of a 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 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 taken care of -- let's -- senior partner with -- -- -- of -- -- -- can help time -- an expert and estate planning 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 with Texas issues may arise from a significant -- -- at home -- vacation property in what happens to the -- of the child has -- issues these -- all things that -- need to consider is you begin your planning -- call 866845699. And get this free guide to gifts or not a -- that's 8668485699. -- -- has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legally exchange -- dot com. It's pretty hard to find a bank that as a checking and savings account that can provide a decent return and if you're in the market for one I've got to deal -- 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 not all leader banks zug will rewards account has 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 some of the 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. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icy. Is very Armstrong saving for retirement is extremely important those of you who have put money away for later life are probably in pretty good shape but did you know that once you turn seventy and a half you are required to start taking withdrawals from your retirement account of course questions to arise how much to like take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's -- worst for free by calling 803934. Zeros or ones that guide we'll tell you how much you have to take out based on your age and it also explains an exception to the RMD rule as it pertains to your current employer plans call 803934. Zeros or one where you can download it right now for my website Armstrong advisory dot com. Juries are with the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and hurt 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 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. Cold easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781862. 1190s that 781. 862. 1190. Or he can visit them online at easy plumbing MA dot com for more information Massa master license number 10183. Again the number is 781862119. No. Security suffered through securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The markets are still volatile. Get our weekly monthly recap about becoming a member of berries brigades music financial exchange showed John come and sign up today. Tim Stephens from CNET roadshow joins us now here's talk about the 2019 Honda HRV Tim. Thanks for joining us how aria. Under greater reader Tim or of what is the HRB we all know the CRV vote is the HRB smaller or bigger or the same. Yes a little bit smaller and HR 3 o'clock in the economic. Smaller crossover suvs territory that's really incredibly are right now as it's being below the derby in just about the Honda each RV. An attitude on the fit which you've bear on this small kind of all black and pink and so that's where in the middle. So let's start first in terms of you know overall just yelled what Karl looks like what it feels like. What is now where does this kind of feed as far as you know we get in typical Honda quality typical Honda looks and things like that. It is quite typical Honda quality and good looks carefully again look a little bit like a baby CRV that a little bit different here for will be younger audience Wednesday but but I just think probably they turvy relieve the interior. I got a lot of the flexible seating that we find enough on defense of the receipt kind of pulled up or old down. Makes a really nice if you all the luck as Chicago. But definitely there are great on the bill called the grip on the drive building as well and we actually is pretty much for a car. Terms what we get inside what kinds of features any bells and whistles that stand out. The current got standard android auto and apple corps play across the line to something that would like it's not on the latest infotainment system but it's still pretty moderate and definitely among the better systems out there. You also get on the sentencing which is there adaptive safety systems which include adaptive cruise control automatic where you're breaking stuff like that. Standard on the EX in about trends are not the base model HIV but anything basically about based you do get that substandard so pretty good collection technology that. What's under the hood what kind of up performance can we expect from this guy. That's probably the most disappointing product crises got on that one point eight liter four cylinder which is a little bit underwhelming about a 140 horsepower so it's not going to be the quickest car removed. You look at good fuel economy go with a fraught will drive all you'll be looking at about thirty miles per gallon if you go would be all wheel drive option which is about 14100 dollars more. So between now and not counsel for all wheel drive crossover SUV that's that's pretty good numbers. Where in terms of by the overall price range on this where do you start on the base and how high can he get if you load this thing up to the gills. Debate Somalia looking at just over 20000 dollar does for the -- model that's missing a lot of basic functionality that we would expect you to collect instantly queue the ignition. In he'd beat if you step up to the EX model at 23 grand that's when you're looking at all a lot more than they're functional that we want. Put you get a lot that I got this week you step on the senate package I was. Talked about before the top shelf model is the touring edition at 28500. Dollar. Even at a few more options to get that about thirty grand but that's about top level for the fully equipped HR. Tim questioned four week is always look at you know whether it's cars like this is the Honda Civic I I drive a Subaru and present myself. There's a lot of good cars in the twentieth 25000 dollar range why it seemed like everyone gravitate towards new cars that are 101000 dollars more now when there are so many good vehicles like this. It it's definitely a all the prestige you know people feel like they want something that's a little bit better nameplate perhaps but honestly got cars like this they drive incredibly really get good fuel economy and really good reliability. For good money so wait a little bit hard to know why he would spend another 101000 argument for most folks. That would go would be here bewitched so you know about five times more than injure the most folks would be perfectly happy. Within HRB the drive went into Scott upon a cargo room ought to functionalities. And would all wheel drive what did you draw or use any problems so this is really good solution for for a small family or or court individual look for our our. Did Tim let's go thanks for the info gets up next week. And it. Tim Stephens from CNET Roche are talking about the 2019. Honda each RV like look at this and and look I I get that it are you need to go carts not huge I get sick you know like some people want something bigger but. There's so many good cars like this in that twenty to 30000 dollar range we still see the average price. 35001. Of mine now. Quick market look forward wrap up Dow off 417 S&P down 39 NASDAQ off 176. Who looks like some red numbers on the board today. We're done for the stable or we back tomorrow with more on the financial exchange.