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Full Show 11-21-18

Nov 21, 2018|

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

This is the financial exchange with the very Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Well we've got a shortened week but as you can see from the market movements yesterday. Clearly investors. Not exactly taking any time off than trying to make the most of their time this week and we saw significant sell offs in the Dow the SP and the NASDAQ yesterday. Little bit of a bounce back in early trading today so hey maybe there's some positive becoming on the back into this but still some lingering questions that are out there. And I can answer all those questions today. Wearing my the most of them I think we can get to some of them at least chucked out of Mike Armstrong and Tucker still be here Barea is out for the days taking. Well earned a couple days off prior to the Thanksgiving holiday where you don't Thanksgiving. I'll be down the team and the Connecticut shoreline. So old lyme Waterford Connecticut yeah beautiful area definitely down there. Miserable drive this afternoon. What are you anticipating travel time once so without traffic as just when this without traffic is gonna take me an hour and 38 minutes. So get there from here Needham Massachusetts down to Waterford Connecticut. I am predicting that if I leave at my anticipated departure time around 4 o'clock today this in tape over three hours that's probably accurate now. That sounds terror but it packs some snacks white eagle today not tomorrow morning. I always used to do when night when I see you're down I've and we outside New York City. And nice to go down there for Thanksgiving good amount and I would wake up at 530 on Thanksgiving. Drive down and then I'd I'd get there you know two and a half hours in and just in my outlook will tell you this I go and I'd take a nap in the basement for like three hours until I was being ready to go there. Three kids. Brown did the main reason for me it's just that now 13 Q. Both my Brothers is all my Brothers my sister going down tonight and I'll deal with prayers to you more time you still want them to drive. My sister my teacher and deride them. If she is she lives in Boston that just aren't enough. It's been awhile it's been a while I lived in New York for in every years and Tim Boston's ownership really. Hasn't done collider. Work that what's what's what's known. Describe my dad's governing themselves so far I'd. What's what's on the menu each year and with Turkey. Yet banks. We have guys that we have a 6060. Person Thanksgiving this year whole war on hold on. 68 people 68 people that normal. Yeah it's pretty low for a us that all three years shows eighty. How many turkeys do you 322. Pound turkeys sound off. Yeah obvious there's you mean there's also like ethic so my mother is in charge of code and ten pounds sweetness. That is only gonna sweep it is. Well when you consider the you know the fact that the five pounds of butter and sugar and you know what you know what's the and we specialty is there anything that the Armstrong Finley does that no other family as on this Thanksgiving table. To play full line full bought energy on to that roster yeah. Yeah cause you got nickel back accidentally. Is it coaching. Ten on ten football Jimmy did did back up left tackle him. If there's any specific I mean is always fantastic made Kramer's house is up and can usually programmers. Particularly enjoyed. Turkey and is never bet they have fanned we tried deep frying and I want to smoke and smoke when I do want to but I am concerned veterans smoked to counter don't think it's can. You gotta be the one that I did was fourteen I was told the twelve to fourteen about his beat number. Two. Months ago. It's pretty traditional there actually here there's there's a pumpkin ice cream pie that mine onto mates six of them every year. And they are sick just pumpkin ice cream pie if it is like thirty past. It's been asked to do do you is only one room. No we all eat in one house says there's tables and pretty much every downstairs room of this house is a living room is their assigned seating position now. Now used to be so expert he's got away from the assigned seating and dad just made a lot more. A lot more liberal are there any rooms that people typically gravitate towards yeah. Yeah I've liked I would never see it at the main thing to know right now and I need to sit on your pay grade still has got to be a lot more deaths and then before I think. A big. Lesson and throw to. All right let's dig into a little bit of Bob business news now that we've it never went and hungry and ready to go. Let's talk a little bit about retail stocks from yesterday because when we talked about. You know things that we're moving in yesterday's market. Retail stocks were the front of the list and out for good reasons you a target off ten and a half percent Kohl's off nine point two Ross Stores at nine point four blows off 6%. Al brands was tanking yesterday brand down I think fourteen and change and amp it it was bad. Is the bad this war and I think I think it. Yeah I I think it may be and I think it's probably an over reaction I don't think the concern is coming from investors saying they were really worried about the holiday sales season I think everyone's pretty much. Pricing in the fact that hey we're gonna see good this holiday sales traffickers see 5% growth year over year. But then going into Twain nineteen into 22 when he I think investors are starting to become really really concerned. About how much money these retailers are in need to pour into new technology. I think there's a lot of money that the wal marts targets Home Depot Lowe's are gonna have to pour into technology in order compute continue to compete with Amazon. And investors if it's not a new story I think investors are just really concerned about what that looks like over the next few years as. Operating cost the stores continue to increase and Amazon intends to walk away with chunks of their business. We're already operating costs obviously technologies one area the people are thinking of what that is buying cost due to a receive any retailers guiding any which way because of tariffs and increase supply chain cost or acquisition cost for their their goods or anything like. That they're definitely adding there's a lot of new tariffs that are set to go into place in 29 teams there is that the rat on the table there that prices are going to go up we don't know how much of our stuff that we buys made in China. And that that could be a substantial block the business and that's. Seems to be getting priced in a little bit here but the problem with that is it's just so unpredictable and that that's where you gotta have a little bit of almost pity for these companies that are trying to plan out the next three years their business cycle. I have no idea what can be paying for their supplies. No update that they don't know what environment they're going to be operating. And it in that something that makes it really challenging if you run any size business but you know you find that if you're a larger business. Get your sales might be impacted you also more tools available to the of you know just the sheer scale of your business which might give you pricing power and severe cases. You might be able to engage in you know currency swaps hedging and things like that if you're worried about those kinds of things. If you're running you know Jim's stationary over in you know whatever town your end. And you've got three employees in a year you know trying to you know run the best stationery store you can run. Don't necessarily have those options available to you see this kind of stuff in particular tends to impact small businesses because. Is already enough. Uncertainty surrounding a small business to begin with the think of how hard it is to start a business and get off the ground and action yet a good product and you're able servicer customers and then you add this. Extra uncertainty into it yet there's been a lot of you know small small companies ever and I'm even thinking of there is. The small cross company that a few of my friends started up from high school there's a kid I know that just. We've built that a contract with the sunglasses manufacturer in China and these these are really really small ball under five person businesses that said. China is the place to manufacture these days I'm going to build a contract with them to. Oldies you know sunglasses and a sell of these lacrosse fixer had them itself. And you know just flipped on your head in a yet to completely rebuild your supply chain yeah actor Wal-Mart you can probably handle that Europe. Five person business. If you know we're starting and yet and I'm sure other people as the saying you know well that's your fall edition of starter bullish Japan China in the first place. But there's a lot of the stuff you can't manufacture here in the states you're in a very difficult time finding a US company to manufactures and four. I would imagine simply to be pretty challenging now let's go back to what Thanksgiving just is again we're we're right around the corner from right now in our poll question today on financial exchange showed dot com normally we do all kinds of serious polls a cave something about money. But today were all about Thanksgiving and so Tucker what is the poll question that we are running with today. Yep poll question Angela today is Thanksgiving related to much like last year re hatter famous. What's your favorite side dish those are poll last year and the day before Thanksgiving but this year we remember what one that obviously stuff. And on the stats on Madeline I mean clearly the stuff in one. Day corn bread in and you re stuffing of the day and a well Yemen Monday as a corporate sausages now stuffing club policy it puts the fat in fat. Aren't so today's poll question is what is your favorite thing to watch on Thanksgiving. The parade which I'm opened up a wash my life for all. Movies or just taken. This one's gonna be close I think I think football map are going to be very close on this one so. I'm going with III love the Thanksgiving games even though they're not easily very good it still is maggots in the out of the the lions lose at least once a year and he's like gets the cowboys lose a decent amount so. I like to see those kinds of things because they remind me that the world occasionally is they just place them but so I'm gonna vote football even though nap as a close second for. But he guys I'm info. All obviously you know I don't get to do any of these things on Thanksgiving but if I did have the opportunity football. Okay I mean are there any like good movies that come or do you like go to the bulls know I was excited every year on Thanksgiving after the GAO we all enemies really. All the issues like fourteen all the in laws or take him and then all of them members sticker and drink in but all all of the young kids are good movie theater. And did I think. I think there are some like James Bond movies and Harry Potter movies the came out of that remember seeing some of those movies as a kid. Now we always do way they die hard marathon on Christmas but not for Thanksgiving. But Christmas gets a die hard marathons is near to as three movies take place. At around Christmas. So go vote in our poll question on financial exchange showed dot com he also text us. At 63566. If you have any thoughts or maybe there's something that is on the list that included may be like watching new Thanksgiving cartoons of the closer thing I don't know. But feel free to Texas if you have any other thoughts Charlie Brown's Christmas. I mean on Thanksgiving or whatever it is they showed our earnings coming up at its. Wash is there Charlie Brown Thanksgiving oh sure there are so great pumpkin business. You do your talking and I don't know. And it's it's it's not for me obviously now soap vote our poll question at financial exchange showed dot com Morgan take breakdown when we come back. They're talking about Mark Zuckerberg at FaceBook and interview that he gave last night whether or not we learned anything from them that's right after this. Breaking financial news. The financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network if you're at or near retirement age legacy planning is something that you're going to want to be mindful of it goes without saying that we wanna leave our children in great shape for camp but gifting RSS beat at home or vacation property can create huge capital gains tax problem that the kids choose to sell the home Todd let's -- is an expert on elder law and taxation and he's been helping families like yours with their state planning needs for years let him help you do if you're beginning to think about legacy claiming for your family. Call for drugs brand new guide to discs or not to gift at 8668485699. Gifting assets to our children has special meaning but if the children have creditor issues or go through divorce problems to arise the could be disastrous. Protect yourself and your family by getting this free guide to gifts or not to do if you worked a lifetime accumulating wealth. Now you should spend a few hours to make sure it stays in your family the right way call 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Are you having problems of 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 work. I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices cult easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 862119. B that's 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781. 862119. No. Hi everybody it's Barry Armstrong and I'm joined today by executive vice president from leader bank mr. Jake tool and were talking about this account today. It's called the Zuma rewards account and the thing that really caught my eye on this account is. It's a savings account but sort of 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 Oka and if you qualify. You get some great reward so for example you're 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. Eight at eight here reimbursements if you use another thing seeds yeah. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly that in so the benefit of that is that really expands average network you know he's any yen. It doesn't have to be leader Bancorp and if you qualify it's pretty simple you know yet to have your direct deposit go to the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for east Dayton itself. It's it's something that customers would do any ways of using right now right yeah it's great benefits. And yet two point 05% annual percentage yield on your savings try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on bounces up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them on line 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 Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word ferry to 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. Mark Zuckerberg last night in an interview with CNN business. Said that his. Tenured as it as chairman of the board for FaceBook. And continues that stepping down as chairman in the near term is not the plan. This coming after some big shareholders apparently were trying to push him out of that role. The problem is they can't really push him out of that rule because he holds nearly 60% of the voting stock. Not at FaceBook doesn't own 60% of the company but the wind share classes are structured. Pretty much the buck stops with him in terms of every single decision about the company. It does and I I haven't seen I mean let's let's you know face the facts here FaceBook is down 40% off its high this year. So there has been some serious. Issues at the company aunts and big execution flaws. But I don't see anything that Mark Zuckerberg has done or been accused of doing that weighed. Insinuate that he must step down as CEO. If there are some situations where you look at the company and you say. Yeah I he might have the voting shares but there's enough going on here that they're gonna pushing now because that's what's in the best interest of the company there's nothing here. Let's talk about some other things that he said with regards to Sheryl Sandberg who's been the chief operating officer there for. We eater nine years now pretty decent when the time to ends to me he is overall. Statements on her. Not exactly. Ones that Philly with confidence he said Dick Cook she's quote an important partner and also quote that I hope we worked together for decades more to come. Which is about his fluffy and meaningless is just about an effort to CEOs say in a while it's if if you want to say. If if you wanna convince investors that she is actually there for the long term. It's hey we've obviously had differences we go through those things. But there's no one I trust more to lead this company and she's going to be there and no one else is taking that rule that's what you say if that's the case you don't say let's hope I hope we worked together for decades to come works together for decades to come. Like so. I look at it and to me that signals to me either because. Maybe he's doc wants her out or maybe Sheryl wants out herself. I don't know. She wears is the insider reports of that theory he laid some blame on your feet at her feet for. Some of the big mistakes here did there. Improper release of customer data all over the place the Russian hacking. He played a lot of that blame on her feet and not all that privately and it sounds like she was a bit taken aback soaks. I'm reading a little bit between the lines here but I would not be surprised if there is a do bit more. Bad feelings between these two engrossing publicly. It's interesting when you think about where and again this is pure speculation but. When you think about where someone like Sheryl Sandberg could land if she decides to move on from FaceBook she wants. So that's my original thought. But the question that I have is has the last year too with FaceBook taking some of the shine that's a much off Herbert just the company in general. And her beer being bear over the last couple years now. I don't think it does enough to dissuade anyone is again I I think she's a very strong exactly I mean. She has answered. Pretty much every question that needed to be it's about FaceBook first it was hey how are you gonna monetize great we figured out that what I need to figure out how to get to mobile great we figured that lake. She's executed incredibly well. The question I think is just hate to some people get weary of that bespoke connection just given the way the company's looked at now. I don't think it's necessarily enough to. You know dissuade too many companies from looking outer. But I I do wonder some companies would be hesitant just because they say yea did good things but look at how things you look at our public perception of the company you were at trended. Towards the end there. You may be right but I I consider her such a strong leader in the entire tech world and business were on the writing that she is on news you know pretty well regarded. With lean and is your book that she's that she's written asks. I I do not see and net Facebook's done is really tarnishing her reputation at this point. Could change. If things get ugly between her and Zuckerberg could change pretty substantially but right now there's issues. Which might be an insinuation that. Maybe she's trying. Following up on a story that we first reported on Monday. Nissan's Carlos go and apparently is going to be detained for ten further days in Japan as they continue. To interrogate him regarding potential financial wrongdoing. At the company. And you you've had both Japanese and French leaders now calling for his ouster. And this story is it doesn't. I can't quite get a handle on where it's going because. If it was cut and dried say okay why do they mean that attendees to interrogate him so I don't quite know what's going on. Here so. I've been you know. Reading a little bit about this in catalyst things different opinions on its part of what was going on with these companies that there's a big alliance between Nissan. Renault and Mitsubishi and there are some rumors that don't was pushing pretty hard to merge Renault and Nissan and Renault is in favor of that. Nissan very much and on and him address their board did not want this to happen. This might be a complete conspiracy theory to one of the articles that I was that I was reading about was saying you know. Basically the niece on board went to Japanese authorities. And you don't put a financial hit out on the CEO and didn't have enough information that they knew they could at least get him arrested. And was an opportunity to oust him because they really didn't want ten merging these two companies. That's what if there is that that in which case why the Japanese authorities thanks so much time because media insistent on active. I guess my question and be why the French authorities saying yes he's begun to. Because there's enough there clearly to make an arrest. Is that there's enough evidence there to make an arrest just maybe enough to charge so. If it's one that just is it it's murky it's confusing. And we still don't have any clear direction on exactly what was happening there. Quick break now when we come back we've got Wall Street wants and mortgage refinance is continuing to dip that's right after this. Like there's something. What was 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 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. Cole easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 86 to 1190s that 781. 8621190. Or you can visit them on line at easy plumbing MA dot com for more information. 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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 there's 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 and a state -- elder law and taxation and if -- in the process of -- -- you need to call him right now and get his new free guide -- gifts or not a -- -- -- you'll find information related to the -- process -- -- issues may arise from a significant -- -- at home -- vacation property -- what happens to the -- of the child has -- issues these are all things that you need to consider as 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 -- 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 -- a checking and savings account that can provided decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's 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. Deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until these reduce earnings re subject to change without notice leader bank a step ahead member of the icy. Whether you're celebrating a milestone -- diversifying your portfolio precious metals are Smart meaningful investment one -- and 110 ounce silver and gold bullion coins are now available at all leader bank locations bank locally and -- gold locally we just make sense -- -- -- -- -- and learn more call 8776917900. Or -- leader bank dot com not a deposit not FDIC insured uninsured by any federal government agency cannot guarantee 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 take a hassle -- -- Wednesday with -- and -- banks all -- rent collection -- he -- automatically -- tenant's -- and deposited into your account visit WWW -- he -- dot -- to learn more -- -- rent your payments for each unit received regularly on the same day every -- tenants pay nothing in the first six months -- free -- landlords visit WWW -- he -- dot -- to learn more or call 7816418691. Time now for mostly watch a look at the market's performance so far today but I don't Berrian jug right here on the financial exchange radio network. Now Wall Street watch brought to you by leader bank it's not too late to get a great rate on home mortgage. Leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. Call it a bank today 8776917900. Or you can visit lead bank dot com for more information member FDIC. Mike let's start first with a deer there reported earnings this morning how they doing. Yeah their earnings themselves are not doing all that wells they equipment maker reported to thirty share which is fifteen cents short short of estimates. Revenue was short of forecasts as well but. When you look at the details of that pretty much all of those issues are specifically tied to trade increased costs of metals as well as in a Farmar struggled a bit. But what they did point out is that. The strength in farm and construction markets continues to be pretty good some people are still buying new tractors in spite of the issues. Which to me reads or at least investors seemed to be saying. Good this is a temporary issue not a long term issues you know if farmers have been struggling. Since well before the transit China trade tariffs yet and they seem to be turning around here and if these. Trade tariffs go away then Deere stock Goodyear's earnings should be really strong so stock is up about five and a half percent rate. What is pushing footlocker stock up 18% this the most volatile count is ever owned by an air force won't hunt. They came out there earnings there are three cents a share three cents a share above estimates. Revenue was pass expectations as well. Days they saw improved sales enemy but take a look at this I mean look at this company is down. Five box yesterday are down 10% yesterday and you know whether they're up 17% today don't look at that when your turn in this company its its incredible volatility this. I mean it retail sector pretty small retail and all brick and mortar you can see why it's been so up and. And that is Wall Street watched presented by leader bank for great raid on a home mortgage coldly to bank today 8776917900. Call now and they'll mail you their free residential mortgage survival guide. That's 8776917900. Or is lead bank dot com and if the guys seat. Text message from on 978 that you guys are funny today don't listen tomorrow we won't be funny again guaranteed we never have 21 days to Rome hello all we leads is usually one day and then the next show is usually terrible so at at that just kind of how it goes so one on all optimist checks it's just listen. It's only got to do mortgage refinance applications hitting an eighteen year low largely on the back of higher rates. I get that we want to see your mortgage activity for new mortgages. And I get it's bad for banks to refinance activity dries up as you know loan officers need something to do when you know potentially it's bad for them if it's drying up. I'm not overly concerned with refinance activity as much as new mortgage short. This is what I'm much more concerned about it and applications. They are down and say they increased 3% from a week earlier but they're still 5% lower than a year ago so that's that's agree you know yet refinance applications there weighed down but you know what refinance applications were. Skyrocketing for the last five years because rates for solos we should anticipate and come down in new applications is your right she answered yes. Overall volume was down 22%. For the year as you mentioned new applications bouncing up a little bit but still down 5%. Yeah it'll here but this year over year refinance volume down 40% year over year I mean like it's. I look at myself I mean I've got its debt to a half years left on a five year adjustable via. There's no way can refinance right now I could now mean at three quarter they'd like a Mecca ball popped five. In fact I and yet IA. We briefly kind of looked around today and we wanna try it we had a third cater to a trying to find a bigger space. And the biggest drenched him preventative that was were in a thirty year mortgage 3875. You have a unique items can I forget Dallas improvement Allman limo. Had six stories and I don't think I'll do anything to stay in Japan so dad figure seeing a lot of that. But given the new mortgage applications as the number keep an eye on and that we will continue to keep an eye on its thirty year mortgage rates now five point 16% so the average genuine. Folks is Mike Armstrong and we've been doing business with leader bank for many years if you're in the market for a mortgage. Leader bank has some of the best rates around an if you call right now they'll make your process even easier by sending your free copy of their residential mortgage survival guide. In that you'll find critical information from pre approval to closing. Also help you at the required documentation the person sales agreement as well as what to expect when dealing with agents. You know I had I bones two homes now Andy. There's a lot to and learn about the home buying process but this guy really helped us reconnect on the issues. That are really important the overall process call leader bank today at 8776917900. Asked their residential mortgage survival guide if you're looking for a mortgage this will definitely help you that number again is 8776917900. Or visit them online leader bank dot com. Of did jump ahead to Woz story that we're gonna cover a little bit later specifically regarding Romaine lettuce. Which is in the news again now for the second time this year. Regulators urging consumers to avoid Romaine lettuce. Pretty much two days before Thanksgiving. Now I'm not someone who really. Boris is on solid during Thanksgiving as a safe jury room in less than Thanksgiving. But what I will say is how many Americans when they're traveling stops somewhere you know along the way for me at dinner and maybe say a geologist get a Caesar salad or something like that. And the problem is the incubation period for E. Coli is generally for most people two to five days so if you're traveling on Tuesday you have a Caesar salad. Your Thanksgiving could be kind of miserable. If I go into restaurants and when dozens. You tell me and we don't RC standard salads because you collecting. I'm walking right out of that restaurant one. Here it's they don't if they're up front. If you try to order sees how this is Asher and a problem well I think that you're seeing you walk out if they didn't have this you know I'm I'm I'm I'm I'm like oh Mike are making you know I want it if I went into a whatever. Long John Silver along John sell all of us for their standards out which red lobster. An errant lack of yet don't order that there's Nicole lives all over lettuce were not serving then it. Might. I was in a grocery store yesterday and there was a guy just feverishly. Pulling all the lettuce off the shelf program much just. Just is it's in fact I think eleven people and thirteen stated it's a thirteen to her little birdies and people they're two 32 people thirteen been hospitalized according to this. Equalized now does that in and around us you know BE coli is not something you you don't joke around about it because it literally willed just. Knock you out for three or four days if you're if you're what you mean they're. They're people who act again if had to go to the hospital one and has had kidney failure because of it so. It is not a pretty thing to deal. In Boston. Air B&B I has been operating in Boston. Probably the last six or seven years now enter Boston was putting force in new regulations but Boston's going to be delaying those as they are currently. In the midst of a lawsuit with air B&B. There they're actually going to you. They're delaying the penalties for not adhering to the regulations are in effect doing the regulations that were due to go in January 1. Pretty strict regulations basically the new rules say that you can only lease your apartment. If you're an owner occupant so you can't buy an apartment and make an investment property that you're just doing short term leases you can still have yet you can still. Have be a landlord and rent long term. But in less you're an owner occupied building you're not allowed to do short term rentals anymore in the city of Boston. And short term rentals there's defined as 28 days or less you were critical of this when this was first announced correct yeah I am not I'm not crazy about that you think it takes away people's opportunity a little too much I just. I think there are. Other ways to go about it I think you could hole left you know you could hold there being based much higher standards in terms of in mean the same code requirements is hotels things like that. Another what nonetheless it's alive it's just a matter how they're going to enforce it at this point because what they're going to be doing is relying pretty heavily on the data from aired in the from home away from viera BO. To prove that these people were doing it. And Serbian dias said you can't demand our data you know we're not just hand this over Ned you did you say that it was that if it's your own place you're still allowed to rent out is near beam champ at the rules are pretty straight so you must own you must own and occupied that. That apartment for nine at twelve months of the year. So doesn't need a whole lot time to get this thing. And so. I do think one of the big things is what what I don't like I have no problem with people renting out in I think maybe even loosening that a little bit so it's a maybe six months of fiercer over to goes away in the winter may be asked. Whatever it is there but. What what bothers me and what what it feels hurt property markets of people trying to buy. Our investors should just buy properties up in Ninja's rent them out on your B&B dep is I think that does hurt inventory in a lot of those areas that are highly desirable. It does and do you have a bit of an issue with somebody that's you know owning ten different Caribbean he's not being subject to any of the regulations that impact hotel chain. And renting renting an obvious in the unregulated Ivan issue with that but this. You know does this allows any individual investor from picking up. A you know picking up a unit picking up a Condo on Sam put this on their B&B for more than three months the year that's pretty restrict. Pretty restrictive in the city. We have some big news in Massachusetts. Yesterday. Recreational marijuana sales started. Go stand in line no and now to know Barbara they had 3000 people go through the two locations over the course of the day. And so obviously. You know it's I don't know it's going to be that busy every game I guess it won't be. But it looks like it's a pretty solid first day for the first two recreational marijuana. Dispensaries in the state of Massachusetts yeah yeah a big day. Timing is inching report Thanksgiving Hampshire I know a lot of people don't know Warner had even on yeah and a lot of people have much easier time getting through via the holiday with. Yes that's a deterrent it's your quotes candidates infused actually had the crowd I didn't attend and as a as the tryptophan was it an innocuous enough to begin with now we get a little THE loaded in there too. It's look this is something that this is kind of the start and I think there's going to be a prevailing two years ago. Yeah well that two years now happily. So this is the start most of you know again the the two locations that are out there right now one is near Worcester the others out in western mass so. You know eastern part of the state doesn't have anything close by to it at the moment posters not. Was solid hour. Afternoon from Boston yeah. You know so it's you know we're gonna have to make a little bit of a trip at this point. Hopefully he added there. Yet but that was pretty good but at least it's off the ground now I think he's going to be all kinds of issues to get sorted out as far as. You know dealing with do you wise for people who are intoxicated on me or wanted just as we still don't have reliable way to test there. But you do know now have couple places to get recreational handedness. In the state of Massachusetts on the people showed up to each story yes and it was 2002. Was the one in Ian. Where once it's. Yeah North Hampton. Yes 2000 Northampton and thousand and lesser 2001. Day is probably I want a reversal note. And I don't they know they were limiting how much people behind you I at least have one of the stores in an office for bowl but you can only buy an ounce which is about to deal worth. Or Ethan amounts and I'm sorry across Canada they're having huge supply issues in the because they can't keep up testing of this wonder how quickly. Masters at that issue. If it goes anything like yesterday to be pretty quick that we start CA major shortage. Let's take a break when we come back we're talking about Amazon okay what the heck is how year's telly right after this. It's hard to dial a phone or send an email list to dumb but it's easy to text we've got and tech sign up and running when you can tell us what you think right now by texting us at 63566. The skewered Barry and join our exclusive club this is a financial exchange radio network. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. And get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 87769178900. Is a number to call or visit them online at leader bank dot com. Member FDIC's equal housing lender MLS number 449250. Subject to credit approval leader bank a step ahead. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming it's not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taking care of public -- senior partner with a -- -- of -- and -- can help Todd is an expert and -- -- -- elder law and taxation and if -- in the process of -- -- you need to call him right now and get his new free guide to gifts or not a -- in -- you'll find information related to the -- process -- Texas issues may arise from a significant -- -- at home -- vacation property in what happens to the -- of the child has -- issues these -- all things that you'll 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. Are you having problems with 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 and their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. 862. 119 B at 7818621190. Or he can visit them online at easy plumbing MA dot com for more information. Massa master license number 10. 183 again the number is 781862119. 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 -- on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as they're banking partner call 8776917. To 900 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 their club carries per game log on to financial exchange does come in sign up today. And it was a little cold this morning. We'll kill it. Yeah heating season is here Dick your hot water steam boiler inspected before our first cold snap leaves out in the cold. All experts easy pulling they'll put your system through a comprehensive test and in the make sure all your components are working properly. Did start anywhere preparations call easy on today at 781. 8621190. Mass master license number 10183. Mike what is Amazon page in. How does that work. It's looking like it's gonna work the exact same way that and it's every apple Payer Google pay. You've got all of your credit card information already loaded into Amazon's system in many cases. And you just don't take out your phone and you know. Put it to the system and read the read the chip inside the phone and pushed it payment just like those other two systems work. Think im just gonna have a tougher time with this I mean if you're any retailer you're not gonna let this system and sheer and sheer. That your store. No so unlike apple which isn't really trying to open up stores aside from their own and not trying to you know compete with grocery stores and stuff to our diet cursory stores Wal-Mart I even look at this and ending the article in the Wall Street Journal says hey they may look at first you know first trying to expand in the gas stations and convenience stores and things like that. The gas station I wanna Amazon anywhere near me. Yet at the gas stations are fragments benefit though Buick is what whatever that's gonna do is they're gonna blow the payments costs while. I bet they undercut. You know Google apple by 5% and I don't think they can't. So if you look at how apple structures the stuff apple doesn't really make anything off apple pay. And they they just want the date like they just want the ecosystem to it to work that way so. I don't know how much lower they can get as I mean uses it still have to pay the interchange fees for using credit cards and things like. So the journal's reporting that they're offering incentives to lower those payment processing fees or offering marketing services. In exchange for using the Amazon her accepting the Amazon payment forms so maybe you know maybe that's the direction they're going as saying a what it's for advertising or something along those lines. I think gas stations will do it may be small fragmented convenience stores would consider doing it but if you are you know if you're the CEO of literally any. Big retailer. Yeah I think you'd be foolish to accept. If I were any retailer even including gas stations I would run not walk away from this and it's it's it's not because it might not be Chia look at it might be cheaper. It's because. Just about any business that Amazon gets into saying that they're going to be a partner. They eventually turn into a competitor yet and so. EEE they are very good. About dissect at dissecting and learning in really good information from the data they gather what if you give in this data then your offering them this snapshot into how your business works and I look at gas stations is an example we already knows that Amazon. Is building out a whole logistics network in terms of planes trains and automobiles. Look what if Amazon says Gina we understand how to gas station model works OK now we've got Amazon branded gas stations by the way use your prime card there and get 5% off on index fell I think that I had seen something to their talking about putting. Amazon walkers in about a gas stations this wouldn't be that far off. Runaway gas station toll at the this one just screams to me that Amazon is going to cut just like out you know O'Costa does discount gas yeah. It wouldn't surprise me if a year and a half from now you see Amazon gas stations say if your prime members get five for. All there was a report that him on August lose an analyst who's predicting that Amazon did ball. In involvement gas stations. Don't acknowledged obviously a realty is this whole foods. I bet you haven't seen much digital payment processing at restaurants yet but I think that's going to be something that. Becomes more commonplace rug and getting it checked paper check in the envelope and the I don't know trying to says whatever the jacket and green jacket. On blow against all they ill restaurant that the bill that led the leather Rommel yeah or. Like a cult thing that's gonna go away your NC a lot more like the international European action card reader do you view the guy in which case seems like it except there and yet. I just if if I may retailer and again and run IA titles Amazon and look personally I hope they go everywhere because it makes things cheaper for me. But if I Amy retailer you have to view Amazon the same way that you view view vampire and that they can hold it in really it's here's how it works. The only way they damage you is if you invite them in voluntarily yeah. Keep them out if you worry retailer because otherwise they will eat your lunch because quite frankly they're better at this than you. They are. That's all the time we have on this hour of the financial exchange. We don't Warren were back in just a little bit with a whole lot more business news right after this. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender. And analyst number 449250. Subject to credit approval leader bank a step ahead required minimum distributions are important and necessary if you were traditional IRA your employer sponsored plan when he turned seven -- half it's time to take some money Colby Armstrong advisory group right now what 803934001. Understanding required minimum distribution so that you're ready when your time comes that's 803934001. Or you can download the dead right now from our website Armstrong advisory dot com securities are the mysterious Merck incorporated number two wrestler DC advisory services are registered as American advisors incorporated Barry Armstrong represented their arms from advisory group the securities America companies are unaffiliated as you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming is not easy. Well and make sure that our kids are left in the strongest possible position financially and otherwise but gifting assets to our children is not always the best way to make sure they're taken care of public -- senior partner with a -- -- of -- and -- can help time -- an expert and -- -- -- elder law and taxation and if you're in the process of -- -- you need to call him right now and get his new free guide to gifts or not a -- in -- you'll find information related to the -- process with Texas issues may arise from a significant -- -- at home -- vacation property in what happens to the -- of the child has -- issues these are all things that -- need to consider -- you begin your planning -- call 866845699. And get this free guide to gifts or not a -- that's 8668485699. -- Dolan has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legally exchange -- dot com. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's own line rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the produce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC. If you're a landlord and are interested in having your bank required does he ran technology tell them the cold as he ran team at 781 at 6418691. That's 7816418691. Or visit C Rand dot net stop chasing down late payments and running to the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 7816418691781. 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 I don't know if 5000 dollars and you've failed to take that money out you can be penalized. Up to one half. Of what you're supposed to take out but didn't so let's say you didn't take any of your 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 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 members Jenrette SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Are you having problems the blocked sink or drain. What a leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices. Coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous they will be on time to take care viewer issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems. They're history call easy plumbing at 781. 86 to 1190s that 781. 8621190. Or you can visit them online at easy plumbing MA dot com for more information. Massa master license number 10183. Again the number is 781862119. Know the. Is very Armstrong saving for retirement is extremely important those of you who have put money away for later life are probably in pretty good shape but did you know that once you turn seventy and a half you are required to start taking withdrawals from your retirement account of course questions to arise how much do they take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions and it's you worst for free by calling 803934. Zeros or ones that guide we'll tell you how much you have to take out based on your age and it also explains an exception to the RMD rule as it pertains to your current employer plans call 803934. Zeros or one where you can download it right now for my website Armstrong advisory dot com. Terry suffered a securities America incorporated members in SIPC and advisory services over the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated. It's pretty hard to find a bank that -- -- checking and savings account that can provided decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at -- bank dot com. Minimum deposit to open and an annual percentage yield is ten dollars two points or 3% interest rate messrs. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icy. And. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day here's. Leave your world stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the very Armstrong and chuck Exxon. After a two day route to start the week it looks like stocks or at least in early trading today finding a little bit firmer footing. The last three have become accustomed to pro it is really mean anything until we get to 4 PM justice. Things can turn in this market so quickly they can especially red day like today there's very little trading the economy. Progress when. Chuck not a Mike Armstrong Tucker still be here we get a whole bunch of data this morning Mike and I think that's a good place to start. As far as what we saw the then run up kind of what we get herbal goods orders 830 we got us. Consumer sentiment existing home sales at ten so let's start with that durable goods order number. First we had a negative revision for the month the September down point 7%. From what we initially reported. And then this month. Missed by about one point 8% on all durable goods in this by about point 3% when you exclude transportation which is kind of volatile so. Not great as far as capital good spending the last two months now. Yeah I mean even and August was flat. Yup so it's a once in a row now Rory that bad news bad news. This is a pretty big miss four point 4% is where Kaman is a negative four point 4% where we're at the meeting expectations were a 3.4. And that's that's a big miss we talked about this before you know. Bring gets consumer sentiment meant to them a little bit which is showing a little bit cracks in the foundation but. Of this points consumers and feeling good but. Business spending has been a little bit lackluster in this. Tepid I believe the word that you would use. So you've got you know kind of this this business spending slowdown that's going on. You mention consumer sentiment came out with a reading in 975 compared to 93 for the expectation. A bit of weakness there I don't know if that's anything that I hang my hat on and say oh gee that's that's not good in and of itself. But when you look at it with the total picture you say okay maybe the consumers start and you see some of the things that businesses are seeing. I don't like I don't like consumer sentiment numbered histories it's not hard data its power people feeling yet which is tough to get at but. You don't like to see that number job right before the biggest holiday shopping season week in. The United States. And then right after that we got existing home sales data which was actually better than expected it actually showed a little bit of growth one point 8% from the prior month. Dobbs are point 8% from the prior month CF OK we get something decent that's going on here for one month the question that I have and that we're going to be looking for is. Is this confirmation that there is you know maybe. Some some sales growth that can happen at price levels that have now been reached because the last really this has been a five month decline. In existing home sales since the month of may and so. This is one where hey it's good that we got one data point that maybe shows a little bit of stability in housing. Now you've got to do it again for the next two months if they can't if you see housing sales near the next two months kind of go back to where they were for the previous six. It suggests they October was the out liar instead of the start of the new trend. The the big conclusion that I'm drawing from here Riyadh these data points a few others I don't see anything too mean that would change the Fed's mind about arise raising interest rates in December. Let's let's talk a little bit about what goes into that discuss and find this calculus fascinating because. For the last. Month now. There has been. This. Talk that's been bubbling up like I can't go on CNBC. More than a day now without getting a list of peer Kramer's ten things that get fed needs to watch here's Kramer's eat things the Fed needs to watch. So you you've got this this buzz saying hey the Fed needs to pause hiking the Fed needs to pause hiking their slowing the economy. I don't think that we're necessarily wrong that the Fed is slowing the economy at the rest is pretty miserable it did out out there that they are. I think the question that people need to be asking. Is whether or not that is a bad thing given where you know things are currently pointing as far as inflation expectations and things like that and specifically. When you look at the concerns about the slowdown. They have not been accompanied by any signs that inflation is necessarily a beating your changing as a result of a slowing economy. Jammies you know at once. The comment that I hear a lot of while they got to change their mind because you look at what the ouster well. That's not their job they know the Fed's job does not control what the stock market does and not to boost stock market return. And really we don't want them to because we know that stocks are predominantly held by wealthier people. If the Fed's job is only to boost stock market returns then there's a whole bunch of people to get left behind if that's what they're trying to do. Sure. So I don't see anything here that's the change the Fed's nine strings that I've been looking at our you know does the huge drop in oil prices start flowing down the consumer and dropping inflation expectations which we haven't seen yet but you could see that. Yeah and then how much weakness in housing do we see. That could potentially impact their decision but you know this is a little bit of a bounce back so I don't see that severe weakness in housing. Yet it's it's this at least gives us a little bit of breathing room that we say okay things might not be quite as bad as we thought they. So now the now that it becomes okay show was that this is actually a new trend in that this is happening in not just. One month where a whole bunch of people bought in October just as they didn't wanna by November so. At least we have something to potentially look forward to that there. Let's talk a little bit about Thanksgiving in Turkey day. Just because it's tomorrow and were all excited about eating what what are your guys' favorites. Into in terms of favorite things to eat on Thanksgiving. For me it's always stuffing a mom but then. Mormeck favorite veggies in any side there's really is Brussels sprouts believe that lead bullets look at Chatham there who media. That's unbelievable up. Somebody gonna make these great by the way not to want take too much away and make these great bacon wrapped Brussels sprouts Nazi wrap the take the bacon. You brush with a little bit in Naples Europe gaga over labels that are rabbit there. And then I make a little lemon ill it was a little mail and stuff while Dave Lemmon in there and you Duncan and let me tell you. It is something out of this world that somebody takes three hours to make one it's applaud you don't mean when Brussels sprout up and light of the match you know solid hour you know I'd make squash. We'll kind just steal map squash okay it's our first time doing NASA noble syrup goes you squash squashed I'll try to do now. Or nine feet and and like wine from at the end to losses first thing I know you've been. What about you Mike. Stuffing sweet potato news. And and. Ever green bean casserole. Is there one that we can petition to try to make stuffing a year round phenomenon. You know I'm sorry. The first thing I know I'm thinking it's that like French Fries and and you. You know and give it I have a stopping options well for you know he's there every restaurant has CA get prizes for an extra dollar you could get sweet potato Fries a waffle I mean you can totally see that. If you're getting creative like Mike talked about previous cornbread stuffing that I proceed becoming a side staple. I I would love to believe aside stuffing anywhere like to pursue a barbecue. Yeah all well. He's still my clogged heart. That's what I'm looking for but this does lead us to our poll question of the day up right now on financial exchange who dot com. What is your favorite thing to watch. On Thanksgiving. We're kind of result we've seen in the poll thus fall no shock here four ball is in the the football 48%. Fall by. A tie between the parade in movies. And then now. Is it to us last 14% to about watching somebody nap or physically physically now. That's all confused watch that I know it's a fair thing to watch on Thanksgiving like what people are the best of the people that they falsely put him out to open that he truly the row like audio and aria and hopefully not choke them honestly are you know it's gonna happen some you know uncle read too much Turkey and maybe beer everything is giving my uncle whose real witness would fall asleep with the court. Every year guard. Every year at policy that is and you would think he would or but he just didn't. Now every users get bird well makes you vote in our poll question what's your favorite thing to watch on Thanksgiving. The appropriate text as is well it's 66 know what is it 6356. And Texas if you have any thoughts on what year going to be doing tomorrow. Annie favorite foods favorite traditions. Rapid channel Thanksgiving with you since it is. Thanksgiving and if I'm making a list of my favorite qualities it's close to the top minus the top it is trying to. I might put forth to July hedges its warmer I like the weather. Alia yet in LA barbecuing and being outside in that statement back I thought Forrest. I did justice. I made a very good point right there with this went from 774. Stopping Boston's. I never heard of that I haven't either but it sounds good idea it's now created by a Philly muffins or morbid dessert. Bill or are sweet not dessert worked sweetening. The receiver him often and you kind of legacy Avery don't know what corn muffin. Yeah receivers often name another savory Moffett. So that'll help cut its cord and I got I don't know the muffin man all right we're talking about innovation here. Don't know when it's sort of a Smartphone before someone did some stuff in Moffett you know Pakistan where the Steve Jobs of muffins rate here. We're gonna take a break when we come back Matt ran it is gonna join us in our favorite in my favorite segment of the year he is Amazon's deal guy. Talk all about what are the best deals out there. For holiday shopping that's right after this. Business news is constantly break. And we're here to break it down and show what it means to your portfolio it's the financial exchange with Barry Armstrong Jones soda on the financial exchange radio network. If your money saved for retirement you're ahead of the game because a significant percentage of people nearing retirement age haven't saved anything having the money is one thing knowing when and how to take it is another hi this is very Armstrong required minimum distributions are mounts that the federal government requires you to withdraw annually from a traditional IRA or an employer sponsored plan once you reach the age of seventy and a half I take calls from clients all the time with questions about this process so I've written a brand new guide available this month called understanding required minimum distributions it'll have all the information you need to make sure that you follow the guidelines set forth by the government without incurring any penalty to guide is free and it's -- or by calling 803934001. That's 803934001. Or you can download it right now from our website Armstrong advisory dot com. Terry suffered two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy claiming this 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 Todd is an expert -- estate planning elder law and taxation and if you're in the process of -- -- you need to call him right now and -- his new free guide to gifts or not a -- in -- you'll find information related to the -- process with Texas issues may arise from a significant -- -- at home -- vacation property in what happens to the -- of the child has -- issues these are all things that -- need to consider -- you begin your planning -- call 8668485699. And get this free guide to gifts or not a -- that's 8668485699. -- -- has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website legally exchange showed dot com. Are you having problems the blocked sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me. I've had all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices coach AZ plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781. Eat six to. 1190s that 781862. 1190. Or you can visit them on line at easy plumbing MA dot com for more information Massa master license number 10. 183 again the number is 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 not all leader banks zug will rewards account has 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 sigma businesses that number again is 8776917900. Or visit them online at -- bank dot com. In a deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings re subject to change without notice leader bank a step ahead member of the icy. 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. It's about that time a year in Mac granted joins us this is he does on this day every single year to talk about the best holiday shopping deals that are out there. Matt is the YouTube deal Guyanese on the line with this right now. Matt has to go on. It's going better when we speak at the annual reunion like out there and Q what other public setting about. This is my my camp. We're just happy that you like to talk to us for a little bit you know more naming else so let's let's dig right into what's out there in terms of kind of some of the best areas that you're seeing deals just in general are we talking electronics. Toys where you see in the biggest bargains this year. The senate debate about black credited you're the complete hoax and then almost a decade that I have been. Putting pine straw and examining algorithms developed quite figure out where we're actually at their heels. Black part of this is completely over saturated we we have we've had black let me add my name that we fire. Isn't interceding years this year Black Friday deals started the day after that we. Let me. That they are following this. Black and by the we get this right now. Not only in the consumer completely inundated with offers but I'd say maybe. 10% of the art will be older truly worthwhile I'll get it out at the port but. I just really want to remind everyone that Black Friday is no longer what it is they're all great deals. There right in that I would buy and other items and wait for Cyber Monday but at the bit of erupted at this year met. How I figure out what's a good deal on what someone tell me that I'm getting 20% off when really they've priced like that for the whole time. The best hitters although people that you trust and sources that you truck. But one thing that makes me crazy at a lot of the so called partners and black eyes lit at night in bed. What are all the immediately and all of the deal they live and it would yield based on how much revenue don't make up a commission on what they reckoned. So most of the big coup on site and most of the so called money grows in the country are actually pocketing on the recommendation we reviewed and the year what I would look more. Or the following. If you've oriented deal. Is from a reputable merchant ship are there's actually a distributor that all the herbal right. On Amazon had been placed in order and that as the name of the store and as the old by our yeah. I never Google historic write the check for the sport specifically rather mangled Ramadan. No my losing out on all kinds of money by not doing that record. It Erica packet that a lot of it you are accurate I can permanent I think actually I I am at a presidential vote for him about a stroke them so. I I'm I'm trying to remain impartial all what I what I am trying to impart is that a lot of third party merchant on Amazon actually have a better deal to this year. I did a roundup of all of the people that supply the so called door busters BI ideal and dust which is target Wal-Mart best buy. And linking people and sending them directly to you distributors not only would let it eat and 13% more. You're guaranteed and dock when I went back I look there's fail. Everyone in the world is trying to bite from that same age and no one goes the distributors direct. So in terms of let's let's talk electronics displays everyone's always look at them and in by the with some of the stuff I've seen for electronics. Just looks nutty this year I was just looking at wal marts as an example. And not saying that he's the best TVs that you can get but. I saw forty inch TV for 99 dollars there's a 65 inch for. 400 and ups and I'm going to. I remember ten years ago I got a 42 inch for 800 dollars and I thought that was a good deals and alum and kind of you know who's now a little bit but what what kind of deals are we seeing out electronics what makes sense what doesn't. With regard the eighties Wal-Mart feels like door busters I think Sheppard you have no idea what brand. I know one of them is a high sense which I know was it got the one that's their own proprietary thing. Yeah a little bit and that made it on factories and office what other brands so yep great brand yep yep the other ones shark. Shark adventure the circuit actually in a bit of a change over the course of the years I know what's your TV your talk about. So pretty epic EV to even the door busters like minute and a caution people in the door. Door buster here relate specifically black wide leader TV manufacturer for the occasion they kept you raced in my court interior processors what we're back. And it is it drives me crazy win or it will play well that is usually 500 dollar. 200. It never sold for 500 it built for Black Friday I didn't do that. All the time across the board most people don't know so if you are what I would caution people again. Is it we don't need can be beautiful block. Photos of items that people expect a wide open by most stores stock six to eight of those like that when the first and people line. Only you're not gonna that. I wouldn't get immersed in the heat pretty epic feel like we're in the 1930s and sort of publicizing what they wanted and in print out and we expect that we can buy that I. So in terms of our our TVs it aside from the door busters can you find good deals on TV news. There who don't bet on a nearby television with the gastric Yasser does not the door buster a for example. And get money or negative talk about but it went to best buy right now I created actually separately got YouTube deal dock on the wreaked by YouTube you'll balk call. I've linked to a package on bet by that. Most of the big deal that people line up for our door busters neither am these are LG either. I believe that all white issue of reductions that are better than what people also are scared he'd. Nobody would look the better immediately you're gonna get the lower right. That would be a great television purges and I would buy now. These guild continued to Thanksgiving what we get Black Friday were actually in clearance in the book stores could on. That would. Bowed out toys you know let's say he got young kids grandkids who whoever it is we're we're gonna find good toys deals this year especially with Toys 'R' Us not in business anymore. Best revealed no topic with indeed few weeks prior to Christmas and I have a newborn baby daughter watching what we're looking great yeah. They dealt a bad we got that diaper deal over my right here. I would I would caution people not by way now another part of what do you make out yet. Guilty get cart offers black it reminded they're great local bonds retailer that strong. Don't buy one get one and all of the impact that I get card also out in the should be prior to Christmas eat statement jewelry jewelry generally better Perkins. February that that brought the month of romance are reaching out of the reductions but. If you do need to buy jewelry weight within the two weeks leading up to Chris. Outstanding well. Matt we got a lucky tokens were just about wrapping up this segment but thanks to join us again and have a great Thanksgiving great holiday season all right. There's there's always the highlight them on wheat belt. We begin re enabled on Black Friday that. You've got to sounds good that is Mack and Matt grant he's the YouTube deal guy. And I had no idea that companies meet separate TV's just were Black Friday deals. I heard fourth and there's a lot of bullets from France and share some breaking news which is there someone you share this is bad apparently the American Airlines Kia Chicago O'Hare have stood down. On the day before Thanksgiving so I am praying this what do you plan on flying jetBlue later today so I know this. Man title on the it's the story before hand was the American ms. Austin American. It's completely downright really we'll check in all that stuff I don't have him off line that really should just say your travels it's. Like it's just. I can't believe it's down on the day before Thanksgiving. That's that's a worst case scenario you literally one job is meticulous work. One job. That is not good quick break here we come back more on that story and also on wall greens Humana talking. Taking steps need jobs. The financial exchange is alive on FaceBook so make sure like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. As you age it's not uncommon to entertain thoughts about how your passing will affect your family legacy cleaning 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 and -- -- 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 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 is you begin your planning -- 866845699. And get this free guide -- gifts or not -- -- that's 8668485699. -- Dolan has over thirty years experience helping families like -- let them help you do call 8668485699. Or download the -- right now from our website -- exchange -- dot com. It's pretty hard to find a bank that has checking and savings account that can provide a decent return and if you're in the market for one I've got to deal you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so fury in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's -- all leader banks 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 Zuma businesses that number again is 8776917900. Or visit them online at leader bank dot com. Minimum deposit to opener annual percentage yield is ten dollars to put your 3% interest rate messrs. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icy. Are you having problems the block sink or drain. What a leaky boss or shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently in believe me I've that all kinds of trouble trying to get people who can come in and do capable. Qualified war I talked easy coming in their professional punctual and thorough and all the work that they do so you need a reliable plumber. With fair competitive prices. All easy plumbing. Easy makes it easy they're experts they're knowledgeable they're courteous. They will be a long time to take care of your issue and make sure that it doesn't happen again all you have to do is call today. In your plumbing problems they're history call easy plumbing at 781. 862. 119781. 8621190. Or he can visit them online at easy coming MA dot com for more information mast master license number 10183. Again the number is 781862119. No folks it's chuck and Mike from the financial exchange we're talking about required minimum distributions are 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 I don't know 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 required distribution you can be phased in IRS penalty in that case. Of 2500 dollars so it is a significant amount in in terms of you know that penalty it's not just that you face on that one year if you miss 2345. Years those penalty numbers to add up to significant amounts of money absolutely deserve this is something that you cannot ignore folks and if you find yourself where you find a loved one in the case where they. Eight 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 account. It's required minimum distributions can be a little scary but our strong advisory group has a new guide out this month titled required minimum distributions to help answer all of your questions all you have to do to get it. Is call 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 are for two securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you missed any part of today's show not to worry for the financial exchange of dot com and click listen. Then click on demand and catch up on every segment. You'll also find podcasts of all of our poll shows just punch of that listen button had financial exchange showed dot com. For a little trivia here on the financial exchange and well since it's the day before Thanksgiving and as long as not like American Airlines right now you're happy because they're systems are down in Chicago with the moment I'm getting. Sporadic reports they may be down in parts of Phoenix as well. Probably predicts about Thanksgiving if you're not flying American Airlines today. Superdome at Thanksgiving trivia today. And our trivia contests today is brought to 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. That mission is to provide you with a better way to visit seasons 52 today in Burlington Chestnut Hill or Palm Beach Gardens or. We go to seasons 52 dot com for menu information and reservations you can even booked their holiday party today in you get special gift. For all your guess and wait trivia works if you haven't done it with us before. Text us at 63566. And since. Today's the day before Thanksgiving we're gonna go with the seven. Correct answer. Why I don't know what we'll do the seventh correct answer paso Texas at 63566. If you know the answer to this question. Let's see which one do we want do you know I like this one in which year did the first Macy's Thanksgiving Day parade take place. Texas at 6356 exit you know the right answer seventh person with it gets a fifty dollar gift certificate to get in which year. The first Macy's Thanksgiving Day parade he plays swap an answer in just a little bit. Walgreens Humana are in apparently preliminary talks to optics of stakes to each other deal not trying to put that together similar to the CVS Aetna deal maybe. Yeah I think they're just trying to deal to compete in that same space here yeah CBS net it's. Freddie close to close and closing from what we've been hearing their rating improve from two more states I believe which is likely gonna happen after the Thanksgiving holiday at this point. And that puts together a you know huge powerhouse of a company that's a combined 150 billion dollar. Wednesday at that large room. That's a very expensive way to do it Walgreens. In that they're counting and cheaper route here Walgreens is a seventy billion dollar company the Humana is about 42 billion. And they're not talking about merging not tuchman doing some complicated just. Taking stakes in each other which is probably going to incentivize both the companies to share data share information. Which. I just I don't know how much you can actually do on that front if you're not operating from the same companies perspective I don't know how about if this election eleven compete with that combined instinct. Yet it it almost seems like they're trying to do this more as a hedge and just to learn a little bit more about each other as opposed to lake you don't really see a whole lot of synergies that. Come up just the cause of this necessarily. Yeah I mean maybe but maybe with the way they're doing this is this is candidate early stages of we eventually want emerge. Could be and let's just start off with this to a bit of information sharing and learn about each other businesses and then take it from there. And the problem is image CBS at deals can be done before year end probably and then year in a right trying to catch up. You behind the eight ball BR yeah. And so we'll see where it goes. Post as Mike Armstrong I've been doing business to leader bank for several years if you're in the market from mortgage. Peter bank has some of the best rates around if you call right now they'll make your process even easier by sending your free copy. Of their residential mortgage survival guide inning you'll find critical information from Treo pro. Pre approval to closing and also help you with the required documentation purchase and sale agreement as well as what to expect. When dealing with agents. I've owned a couple homes this points and I know a lot about the process but. This guide really helped me reconnect on the issues that are very important to that process. Co leader bank today at 8776917900. And asked for their residential mortgage survival guide if you're looking for a mortgage. This will definitely help you specially during that first time process this is you know gonna help walk you through though it. The number again is 8776917900. Or visit them online. At leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject credit approval leader bank a step ahead. Florida apparently waging a lawsuit against CVS and Walgreens. Which regards the way they handled OP you wait crisis. And it's. I'm wondering if this has any teeth to it or if it's a whole bunch of noise. It. It seems like they're just going after the deep pockets here there is already a lawsuit going on the federal level by the way it's it's called like a Bellwether a lawsuit to see. Just exactly what sort of evidence will be muted admissible in these different state cases and whether or not to be able to to really bring charges forward against these different companies and that's. That does have CVS and Walgreens named it mainly the big drunken drug companies they're going after. This is akin to it to me it is akin to Ian back and when was that we had all the big tobacco lawsuits 90s90s. Yeah I think any early ninety's if these companies these lawsuits were going after her. CVS and Walgreens at that point even though they supplied news in the supplied the cigarettes in the public conservative and go after him gas stations and grocery stores everywhere you can buy cigarettes back. Dan grant to CBS and warrants have a little bit more liabilities and they do have the pharmacists in their locations but it seems. It seems to be a bit of a stretcher. What went with I don't look at this day in and look it's it's tough because when when you're trying to figure this out it's okay. Who who's to blame in that that's one part of this but beyond that it is somewhat. He did there's only so many people who potentially have you know actual money to pay these liabilities net and so when you look at there's a few different routes you can go. You can take a look at the pharmacies. It will Fortis talk about future you can take a look at the drug makers yet obviously they have deep pockets as well. On one will we even say look what about going after the physicians that are viewed directly you know perpetrating this the ones that are over prescribing OP woods and things along those lines. The problem there's definitely there's so many because it's not a centralized only pockets and will put some positions have very deep pock yeah sure let you know but we just about. A couple million compared to in the problem is OK okay so let's say that you identify 2000 doctors have over prescribe these. You've got to go case by case by case by case so you know it's one thing where you you kind of say OK look from. The regulatory perspective in terms of fines and trying to recoup money and so forth. The pharmacies and some big farmers can be the target there. And then you hope that you know AMA or someone like that says okay we're gonna deal with licensing. These positions on an individual basis do they have the mechanisms in place to dude. So I mean if you look at the liability Syria league after the doctors prescribe the drugs you can argue in many cases they are overprescribed that's responsible doctor. You could maybe go after the drug companies they gave. Produced all these huge incentives for doctors prescribe these drugs maybe they did not disclose enough information about how addictive they would be this why bill yet. To go after the pharmacies. What is the position that CVS and Walgreens had to be able to say. No we're not gonna fill this prescription went in in the area have lives never ever written order from adopt from a licensed medical professionals saying fill the subscription. Prescription what are you what exactly supposed to do and. Well and in in CVS and other pharmacies have also built in systems where you can't just refill and hope you are prescription unlimited number of times you know it's you can't go when do that at this point I don't know how long the systems have been in place sure OK so. I don't know those started. Five years ago three years ago ten years ago not sure but. You know it's it's something that you do consider kind of along with. The rest of this year let's take a break it when we come back in to join back Austin frak from the New York Times. Talking a bit more about medicine talking about US prescription drug costs. The financial exchanges. All hurdle in England and also now in West Palm Beach, Florida. Check out our website at financial exchange showed does come and find the station closest to you. This is the financial exchange radio network. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage -- bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making -- faster closing we're bank is the number one purchase -- among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who are ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage cold now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917. 900 is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender ML customer 449250. Subject to credit approval leader bank a step ahead. If you're at or near retirement age legacy planning is something that you're going to want to be mindful of it goes without saying that we wanna leave our children in great shape for camp but gifting RSS beat at home or vacation property can create huge capital gains tax problem at the kids choose to sell the home Todd let's keep is an expert on elder law and taxation and he's been helping families like yours with their state planning needs for years let him help you do if you're beginning to think about legacy claiming for your family. Call for drugs brand new guide to gifts or not to gift at 8668485699. Gifting assets to our children has special meaning of the children have creditor issues or go through divorce problems to arise the could be disastrous. Protect yourself and your family by getting this free guide to gift or not to do if you worked a lifetime accumulating wealth now you should spend a few hours to make sure it stays in your family the right way call 8668485699. That's 8668485699. Or download the guide right now from our website legal exchange showed dot com. This is very Armstrong saving for retirement is extremely important to those of you who have put money away for later life are probably in pretty good shape but did you know that once you turn seventy to have you are required to start taking withdrawals from your retirement account of course questions to arise how much to like take when exactly do I take it can ideally taking it for whatever reason these are all good questions and you need to know the answers before you do anything I've written a brand new guide which can help you with this process it's called understanding required minimum distributions at its worst for free by calling 803934. Zeros or one that guide we'll tell you how much you have to take out based on your age and it also explains an exception to the RMD rule as it pertains to your current employer plan call 803934. Zeros or one where you can download it right now for my website Armstrong advisory dot com. Three suffered a securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and are two companies are unaffiliated are you having problems the blocked sink or drain. What leaky Foster a shower. These types of minor problems can become big headaches if they're not dealt with quickly and efficiently. In believe me. I've that all kinds of trouble trying to get people who can come in and do capable. Qualified work I talked easy plumbing in their professional punctual and thorough and all the work that they do so if you need a reliable plumber. With fair competitive prices cult easy plumbing. Easy makes it easy either experts they're knowledgeable they're courteous. They will be on time to take care of your issue and make sure that it doesn't happen again all you have to do is call today in your plumbing problems they're history call easy plumbing at 781862. 119 B that 781. 862. 1190. Or he can visit them on line. At easy plumbing MA dot com for more information Massa master license number 10183. Again the number is 781862119. No. Security suffered two securities America into member finreg SIPC. 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 there's a financial exchange showed Doug come and sign up today. We're joined now by Austin track from the New York Times is put together an article on drug prices here at United States which is obviously being. Discussed a lot politics recently present trump has made a big objective is and Austin right now it looks like we're according to Erica were averaging this is a few years ago were averaging about a thousand bucks annually. Per person in prescription drug costs and how does that compare across the rest of the developed world. Yeah where where the most on the golf world be backup I have is that he'd switch went they bent. A 188 dollars per person and all the other countries might pick up are we able. Really and how how fast is the US been increasing of the last few decades resist resist number always pretty higher rate when they're really start moving up. No actually to Miami and west of the ebitda I did not realize that our trucks betting person cutting in line with other well the country back the we ninety. It's only really last yours so there are expecting it not been Billick to hear it it appeared to 90000. Increased rapidly. Level off. Which. It. Oh and I don't have any you know real data to support this I don't know but it seems like there's a lot more people on prescription drugs these days. Day is that part of the issue here do we just have more people taking prescriptions here in this country vs other countries or do we use more expensive. In a brand name drugs and other countries areas errors or something else going on here. Yeah you only cricket don't equate how much news and advocate of whether it really boils down to. Are. Prices for brand name drugs are way higher than that well that's really the big story not that we use with a truck that. Not that we used generics because we do we watch a but the via minority of drugs that we hate that our description I need to our brand name. Just much much more here. I mean is your conclusion this article that this is really a regulatory issue that we haven't comparison to all the other developed countries like did every just. Not good at developing laws that allow us to get cheap drugs here. Yet so we. The way we do it in the US is different. Other countries. We give brand name drugs you know market deputy what about you know a patent that and that it is the event. And and take charge. Whatever they ought you know where the market will bear that that's not true elsewhere now that the fact they can earn a lot of money let does. Motivate investment drug in May explain. Affair out you know based intra yet but nevertheless we spent a lot or. And that it is largely that difference in what we spend elsewhere just because. It's how we do go out a government each day nope not been anymore now. That you know. We'll give give us some like the more common sense policies that you've seen abroad that we're not doing United States that clearly have had an impact elsewhere. I mean that the one many people think of first happen. UK they have. That's where they're able now lately I just trucks and other devices and look at how much they cost that it provided them. In this organization in in the UK it will make recommendations to their national of the that they look this drug is it good value. Or you know for the price bite to. Everett is that the drug it is too expensive art in and consider other factors it will make it was upbeat wave or drugs that are. Special population of population but that's a product at a completely. You know dollar spent question they've they've been in other directions but but the direct recognition of the he had the help of the large files that are patient and that they had to get some drug that we can get in the US aren't. Accessible aren't available there there aren't covered. That's one approach there are many other approaches. But we do nothing of the sort. Do you think there's any appetite at this point in this country to really mean you're talking about going against a pretty big. Lobby here in the United States is there do you think the political appetite to do anything on this over the next couple years. I I would really surprised. Any oh national teacher. Pushed down on. Right. I think like that is a mental thing. A restaurant he. Media. Example we announced it in our next match. Europe and sure enough it would the next by the different kind of product but it sure. Which would not cover. The that are too that the bill. There have been a that's optional employer convict an honor not ventured. Not the government thank you must do it where the option in the private market. Some people want him like that they can have people don't want. Managed it well it really fast and AM it is really interesting article really breaks down. Just how much more we're paying in really dispels a lot of those nets around you why we pay so much more in this country Austin appreciate coming on have a great Thanksgiving. Chopper doing trivia. Before the app for the break and I believe we got a winner well what was or trivia question. We didn't do trivia the question was in which year did the first Macy's Thanksgiving Day parade take place. The answer is 1924 was on November 27 1924. And you still get about fifty million people you're tuning into watch. And Audrey from a number of other cryptic answer a trivia contest has brought to buy seasons 52 with 43 locations nationwide. Including two in the Boston area and one in West Palm Beach scenes fifty twos on a mission. Mission to provide you with a better way to eat these visits seasons 52 today in Burlington chestnut killer Palm Beach Gardens go to Z eight seasons 52 dot com for menu information and reservations. But your holiday party today guess special gift for all of your guests. Do a little bit more Thanksgiving talk we got our poll question of the day it's up right now. Over on financial exchange showed dot com it's what's your favorite thing to watch on Thanksgiving. Talk or kind of results we see and now they're up 45% ember listeners prefer football on Thanksgiving and in second place was movies. In men type of movies action is Matt and parade timid as well as the 60% of our. Our listeners so yeah football as the clear winner if you see one parade. I've kinda seen at all. You know does not informant has until viewership during mr. bird last year. Big drop the last two years earlier we bounced back I don't know over the first six weeks or so they were actually there are a little bits. Let me see what I can get your by the way did anyone see that rams chiefs Monday night games scored on a side point I saw the first half. I don't know I like that that has a lot of points there's a great chart that I found that was posted on Twitter. And it's the distribution of points from every regular season game ever held in the NFL. And it's this big chart where most games are between twenty and sixty points total. The rams chief game is so far off to the right side. The next closest game is like ten points below in terms of told point Smart they don't even got close to. You know looking at viewership looks like week eleven was up 9%. For the year. Compared to the year prior. But I don't have any specifics on apparently where she opens here. I don't I don't have anything all the way through this year. So on I'm not shall work at it's usually get a better TH those numbers later on in the season. But so far they have been up since last year but not by much. You know looking looking at where things stand it looks like they're gonna probably end up ups lightly but I don't know exactly. How far at this point death Thursday is imported goods later games except for the night's game. That's a lot of office yet and the Nike will be probably pretty you'd get a sense out entertaining the other ones it's just an excuse to watch the cowboys and lions lose. The idea of the cowboys and Redskins and the Redskins are thrown out there. Backup quarterback and then the bears and lions the first game and the bears will likely be throwing out their backup quarterback. Though and. There's the tradition of you know the alliance host a Thanksgiving game and in the cowboys host won their Super Bowl. But there's so. At that it's just all like why wouldn't you try to. Put better teams on down one day when no one's doing any thought I'm tolerant with you. You know just to vertical lines tradition. Please don't you have now you are so bad that you lost the rights. To host a Thanksgiving Day game yeah you know like the teams that should be hosting those games. Right now look at the Steelers out there put the Seahawks out into the not great. Right now they've at least been good enough that people want people learn they are name five players on the lines most people can't do art. Taking a quick look at markets Dow was up 163 S&P up 26 NASDAQ up 109 oil back up 4%. We're done for the day have a great Thanksgiving will catch on the backside.