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Full Show 12-3-18

Dec 3, 2018|

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This is the financial exchange with Barry Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day you're simply your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. All eyes one Buenos Aires Argentina over the weekend for the G-20 summits. We all lies that we're watching the SEC championship game on Saturday. Which was phenomenal game on at the Georgia Bulldogs almost pulled off couldn't quite get there. But all eyes you were watching that were watching the G-20 summit specifically. Focused on the dinner between president truck the president Jie of China. To try to figure out. What the next who was in the ongoing trade conflict between the two countries. Jack's not a Mike Armstrong here today and Mike. When we looked at what we actually got from this weekend we've talked on Friday hate this case there were expecting. Is a pause in some of these. Installations. Some time to actually gets negotiations done and maybe some a couple concessions here and there. And it seems like it's pretty much just what we. Yep I am after we got the best case scenario here Mayer's estate. Com hey we're going to delay this ninety days. I won't get through the holidays and then we'll start to revisit the big two issues that I see that need to yourself which are. Technology transfers and intellectual property. So let's dig into what we actually got users deal. The big thing. There is a ninety day moratorium on any new escalation of tariffs of the US had tariffs on Chinese imports that were scheduled to go up to 25%. On January 1 more than doubling the existing tariffs on there. Those tariffs and now we're not going into place for an additional sixty days pretty much the being pushed off. Until. I believe it's going to be march 1 is when those get implemented. If this DOB if if negotiations are not successful. China coming back and saying. That they are going to be taking some steps to try to curb the export of fentanyl and products used to produce fentanyl but no you're not familiar with it. Is a highly potent or Peoria to. That has been cited as a major contributor to the open you're crisis in the United States. So that is you know piece that. We are getting as far as. Near China kind of bringing something to the table there but what's interesting is that when you look acts. The way that both. Of the governments are describing. This deal that it is getting done. Bloomberg put together phenomenal piece that actually compared the statement side by side to say OK what what what are we actually getting ABC that's pretty inch no I haven't seen that is that Arab I've been reading the differences in what the Chinese media has been reporting numbers with the US media's been reporting has been pretty it's been pretty fast and so so here is the side by side comparison. The US it tariffs on 200 billion dollars worth of Chinese goods won't be raised on January 1. China says. That's there will be no higher tariffs and that separate tariffs on 200 billion of Chinese goods won't be raised on January 1 pretty similar not identical but but close yeah I. My correct in assuming that China has really not spoken to the ninety day delay they just said they're not going to be implemented. Correct so. The US statement that says those terrorists will be raised 25% of deals not reached ninety days Chinese statement does not mention the ninety day deadline at all China then says both leaders asked their teams to speed up talks work towards scrapping all tariffs and reach a mutually beneficial win win agreement. The US has nothing of that fact. On the next one. The US and China will negotiate immediately and forced technology transfer intellectual property protection on terror bears and not in cyber theft that is the US statement. China simply says the US and China work together to reach consensus on trade issues a little bit different. The US statement then says China will purchase very substantial farm energy industrial other products. China says China will import more US goods. The next statement from the US China will immediately restart buying agricultural products China doesn't mention it all. As does she will reconsider the Qualcomm NXP deal that's in the US statement China doesn't mention it at all. Fentanyl is mentioned in both of them. The next one US China and North Korea will work towards a nuclear free Korean Peninsula that's according to the US statement. China says China supports another mean give US and North Korea's leader so okay somewhat similar there. This is a big one. China's statement says that the US agrees to continue respecting the one China policy. US does not mention it at all. China also says the US and China agree to boost market access US statement does not mention it at all so. You've got some good and all of the big issues. There's not not a whole lot of agreements to. No and that's not surprising is that BA big story here is we've got ninety days to figure a lot of stuff out. Eight we have to look at this with a historical context to united the has history has told us that. These negotiations China's main strategy. Has been to delay delay delay. Get caught up in the negotiations and and basically failed to really provide anything substantive in terms of negotiation. I don't think that's what's happening here but that's definitely the context of the trump administration going into these negotiations with as. Whether B Clinton bush. Of several presidents in the past have tried to negotiate these. Concessions out of China and their to their entire tactic has been delay delay delay until another distraction comes up and and just you know move on. What I find interesting here is if you work which countries being more negatively impacted by the stairs. It's China we will economically China where we're seeing in the data economically it's China. But if you look at who has the greater incentive to bend on this potentially is the US has the Chinese. Government. It is not elected to this like president she hasn't gotten her as a country years and so. Despite the fact that the Chinese economy is in worse shape as a result of this trade skirmish in the US economy is. The US actually does have kind of more of a kind of get it in and you need to get something done just because. This is what the president campaigned on is is I'm look I'm going to draw a hard line with China and get them to the negotiating table and and I am going to get these things. And so. I look at this and I think the next few months are going to be fast name is as you said China's history on these types negotiations is. Yep we're just gonna delay area you need that from us OK we'll get back in a couple weeks yet you need will get back to get a couple more weeks. And eventually the clock just runs out and so. The problem is it's going to force the president's hand I think if we get to the end of these ninety days and you don't have progress on these which is not really huge. Desire in China to make progress on a lot of these things idol. No certainly not the big ones that went intellectual property and technology transfers that. That is the fundamental basis of their economy is. Hey we are going to LeapFrog other economies because we are going to steal technology and force it transfers so that our industry knows how to the it'd be. Topic atop a class. Here's a question for you. Ninety days from now let's say that China comes back and says look. We want to scrap the whole bunch of tariffs. We want to agreed to buy a whole bunch more goods from him. But we're not budging on anything related intellectual property currency or anything like that. Is that a deal eight they can get done and be that can be sold back to the US people. I just don't know I I honestly I think I can be sold back to the US people I don't know. I just don't know if the drug administration would settle for that the people around him certainly wouldn't. Hey if you talk to Peter Navarro people down it doesn't know Larry Kudlow might be very happy with the deal like the night. That day it's it's really it's really tough and you just don't know what's going on inside the trump administration to say. You know how important is it to president trump that the economy and stock market as well over the next twelve months he talks about the stock market a lot. It is it really important that the US economy be booming over the next two years to lead into the next. Next election and I don't know I don't know what's going on in president trump says. It in this this is what makes these types of negotiations so hard to predict in terms their effect on the market it's easy for us what when we look at economic data. It's really it's it's not that complicated to figure out what millions of people are going to do because. You generally have trends and you have one person might change but you have enough data that you can kind of figure it out. When you're trying to figure out what one person is going to do and what is important to one person. It's a totally different ball game like. I feel more helpless looking at what's going on with negotiations like this just is I can't figure out what's going to happen. The you know in most scenarios you have he holding going on you have a big vote going on you can do something to predict what's gonna happen but really this is that this is a decision that president trump is going to make with the advice of his counselors right but it's a it's a decision a president trump is going to make. You know it going back to that question yeah we'll hear will not accept a deal that does not address the issues like technology transfers intellectual property I don't know but I certainly. Hoping to us. This takes us to our poll question of the day. Will the US and China resolve all trade issues during the ninety day period now I think we need to specify what that means that does not mean. That all of these issues. Artists are going to be decided in favor of the US share. It does mean that they are going to reach a memorandum of understanding where they were gonna effectively say hate this these trade issues are done one way or another so the question is. Will these issues be resolved between the US and China during the ninety day period. You can vote now financial exchange showed dot com. That is our poll question of the day. I'm gonna be pessimistic on the some gonna vote no. Yeah I'm voting no here as well I just don't think that all the trade issues and gets resolves I think it's possibly see in other subsequent delay. But I don't see how in the next ninety days this just this gets resolved I'm a little bit pessimistic on that which. Means that I'm a little bit pessimistic on you know emerging market stocks and perhaps even the US markets going to 2019. So head over to financial exchange showed dot com and vote and you can also text us your opinion at 63566. If it's your first time texting us. At the financial exchange make sure. That it's the first word is bear used the code buried text as the first time so you can get into our database but Texas at 63566. At the F thoughts. And also vote at financial exchange show dot com will the US and China resolve their trade issues during the ninety day period. We're gonna take a break now when we come back a little bit more on trade but also what's going on with stocks as a result of this weekend's actions. And also little bit of data for on the manufacturing sector in the US that is right after this. Breaking financial news. The financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network the market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back -- correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is -- Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com to. He's offered to securities America incorporated members in SA BC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain him but you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing and Dolan is an expert and older La. And has been helping families of their estate planning needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Then it you'll learn how to protect your assets kicked him in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state Texas fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. Hi everybody it's Barry Armstrong and I'm joined today by executive vice president from leader bank mr. Jake tool and were talking about this account today it's called the Zuma rewards account and the thing that really caught my eye on this account is. It's a savings account but sort of again you guys are providing two point 05%. EPY. On that account how do you do. Yet it's one of our most. Popular. Retail banking products vary so. It's it checking and savings companion product the Oca and if you qualify. You get some great reward so for example you gave 2.0 5%. EP wise your savings account up 200000 dollars 100000. You get 1% cash back and all of beard he's suspending your debit card that's good and get ATM reimbursements if you use another thing seat him. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card in them and be reimbursed the three dollars to order exactly. That in so the benefit of that is that really expands average network yeah he's in need yen. It doesn't have to be leader main core. If you call fights pretty simple you know you have to have your direct deposit and the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for east Dayton itself. It's it's something that customers would do any ways of using right now right yeah it's great benefit. And yet two point 05% annual percentage yield on your savings try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on. A 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 zoo book rewards account ZEUGMA. 8776917900. Securities offered to securities America income members in red SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word batteries to 63566. To send your first. Last name and get involved today you're listening to the financial exchange radio network. We've been talking a little bit of trade and I do want to go and take a look at our early results on our poll question on financial exchange suit dot com the poll question will the US and China resolve all trade issues during the ninety day period. Tucker what kind of results are we seeing initially for our whole. Yeah so far overwhelming majority of saying no. 92% of listeners actually think that note the treaty issues and will not be resolved at a real optimistic group this first amber happy Monday and hit the heart even though the weather's beautiful out there due to say that whatever. In this country. Tucker is this is a star appeal little kid related stressed coming on Lopez got a little bit cute and sees do you think do you inserted his poll do you mean still that's something out. There's there's there's thousands of people listening who could be your count I had nothing to say -- need to get the stress them might cuts got really bad case the shingles leading up to his daughter's birth really nervous about it. Don't stress this thing you know watching on good at the moment. Let's do a bit of examination of the ISM manufacturing report from this morning. This a report that measures the manufacturing sector in the United States we've seen a little bit of weakness over the last couple months in this report. But a good bounce back for the month of November actually with the index rising to 59 point three from 57 point seven the biggest places. That we saw growth on new orders up four point seven. Inventories up 2.2 which isn't necessarily a great sign of the of rising inventories that can be assigned that eventually you won't need as many new orders employment up one point six. So that was the big Ares moving things forward. On the other side of things export orders pretty much flat customers' inventories down one point in supplier deliveries down one point three. And they also the eyes and gives you some commentary from up people who respond people who submit responses to this. Are pretty much purchasing managers from big manufacturing companies. And just about all of them are saying they're continuing to have trouble finding workers. And also with supply chains reorient and it's taking them longer to get the goods that they want to that was the big things that were seen. You know we've been talking a lot about how we've had a couple of successive negative reports year but this seems to be a bit of a turnaround it does you know you can't. It like we say you can never just look at one month or two months and say you know is this a trend you need several weeks or months of successive good or bad news to deal would create a story here. And this seems said negates some of those previous bad months although one piece I will call out. Is that the US construction spending has fallen for the third straight month. Map that that was more October data yup by construction spending continues to be honest decline and that is if there's one sector of the economy that really has an opener is the real estate market. You talking mostly residential or just all in in generally gets real estate. Presidential as me spooked me out residential more than most anything else and it definitely I I understand it recognizes very much a localized issue in talking to folks up in the in northern New Hampshire area over the last week or so and you know there's no inventory there up near. A new Dartmouth and that general area there's just nothing but. You know nationwide were starting to see some cracks in the foundation. Yeah and it and I think you particularly talk about you know markets that have been shown signs of being overbuilt Miami's one of them Phoenix is another one Sampras. You're seeing some issues in San Francisco right now not so much that it's overbuilt just it's overpriced and people can't afford to live there any hour. Now so there's definitely some concerns there. On the back of the trade negotiations that happened over the weekend you are seeing some changes to. You know stock analyst reports as a result. Bank of America Merrill Lynch this morning. Upgrading bank of Americans saying quote we see 20% upside potential. If you. Caterpillar. Yeah caterpillar whatever BankAmerica upgraded their their valuation of caterpillar. Big assignment resolution abolished this trade data and Caterpillar's up two and three quarters percent on this. It pretty darn quick upgrade on the stock for what was effectively just a delay in tariffs there's nothing substantive here. That's going to allow caterpillar to change their business. Just that the next ninety days is not going to be any new tires but on this. In in and I guess here's the question that I have if if if you're a business owner and you see a ninety day delay in new tariffs coming in. Is that a long enough time periods they give you enough confidence to be able to make investments heading into next year based on near what policy looks like. After missing no with a limit caveat that. If you have a bunch of pending orders that you're planning on either placing more fulfilling you say hey let's get these done in the now recognize you might say hey you know let's get all of this stuff imported from China we've planned on in the next ninety days because we don't know what's gonna happen after that or if you're in Chinese business that's buying. Who knows agricultural goods in the United States might say okay. Lets you know load all the stuff in here as quickly as we can interfere farmer you might say hey we're gonna just discount the stuff of the last the next ninety days to get rid of our supply. We just don't know what's. And here's the problem that that also then gives to economists. Is what we see indeed over the next ninety days accurate or is it something re seeing this front loading happening it makes it's so hard. For businesses and economists figured OK is this real or is this a short term response to. Pending tariffs on the back end it makes a real challenge to figure that out the best. Very operating in this environment is not ideal. We've been talking about that for a long time but you know and it seems like the last few decades we've been operating environment Marie. Having to make very short term business decisions between doughnuts to be happy with tax law with trade was true different at a lot of different issues. You know we talked about caterpillar the industrial sector as a whole is up about one half percent right now consumer discretionary is about over 2% right now the only new sectors that are really in the red right now our staples utilities and real estate which seems to be people just. Moving out of less risky assets into the riskier assets. So caterpillar getting an upgrade from Bank of America did I say that right you got that's okay I got at this time that's that's good news they're getting an upgrade from Bank of America on. The news of which we call this trade date time would you trade. For trade yeah. Cease fire. Trade truce is just it's too illiterate generation that's too good of a suggestion yeah I know I think. You know. You really are grumpy today that's how you really trust morning apparently not I don't know what you'd like what happened to you while you were sleeping the night fresh. Very fresh very very fresh so. Anyways caterpillar Guinea upgraded there and will keep our eyes at any additional upgrades and downgrades over the next couple pleased to see if anything else is moving. Based on the trade news over the weekend. Quick break here then we're back with Wall Street watching quarter leaving OPEC. What's going on there. We'll let you know after this. Like there's something. What was on Twitter. Show breaking business news is always first right here on the financial exchange radio network. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain. But I bet you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing and Dolan is an expert an elder luck and has been helping families with their state blaming needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Then it you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state Texas fishing in Dolan has a long history of helping families like yours with their state planning when he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. 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When he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media -- some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide at this month that's designed to help you understand the major factors that can lead to a significant market correction to got to identify several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy this -- is available right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs -- the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility three off course 803934001. You can download the -- right now and Armstrong advisory group dot com. Dirty suffered 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. It's pretty hard to find a bank that as a checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is Barry Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks Zuma 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 -- businesses that number again is 8776917900. Or visit them online at leader bank dot com. Deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icing. In medieval times sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. Eighteen missing major ups and downs and stocks but also look there remain concerned about pending bear market you need be ready for one this month the Armstrong advisory group has a new guy did identify several core factors that you should pay attention to that may help position your assets this guide is available right now Michael and 803934001. That's 803934001. Or you can download the guide right now Armstrong advisory group dot com securities offered to stirs American corporate biography recipes the advisory services are protestors -- advisors incorporated Barry Armstrong represented at a restaurant must regroup mysteries record companies are unaffiliated. Time now for the street watch a look at the market's performance so far today you victim Marian jog right here on the financial exchange radio network. Time now for Wall Street watched brought to you by a leader bank and it's not too late to get a great read on a home mortgage and leader banks. In a wide variety of purchase and refinance loans at some of the most competitive rates in New England. Call leader bank today eat 776917900. Or visit leader bank dot com for more information. Number FDIC. Mike we got some movement in the auto sector today GM Ford Fiat Chrysler all moving today. How column. They are well I had this comes directly this comes directly from comments out of president trump saying that China has agreed to cut import tariffs on American made cars no specifics yet on what that means the Chinese tariffs and US cars were 25%. At one point became down fifteen and went to 40% which is where they were up until this negotiation. Presumably part of this is that they're gonna temporarily at least come back down a little bit from that 40% level but we don't have any confirmation of that from Chinese officials. Nonetheless Ford is up three point 8:8% this morning GM up 2.4 Fiat Chrysler up a little bit over 3% on this. You know somewhat of a rumor at this point. Wynn Resorts they're stock up ten point 5% today. They have seen a significant weakness in their share price over the last six months since the end of may. With the stock go from 196 down to 110 before this move. Why are they up to that. So on Friday Mohegan sun's stepped up and said that if if winners arts is determined. Unsuitable to run the hotel owners should be to run the new casino. In Boston that they will step up and purchased the property for two and half billion dollars that's on court Boston Harbor scene of their operating under you know under Wynn Resorts. It's currently I think it's pretty unlikely that they lose their license but they are the masking commission is still taking a look at that and so they obviously have a back up plan if they lose their license now. There are good and that is Wall Street watch presented by leader bank for great read on a home mortgage cult leader bank today. At 8776917900. Call now in the mail either free residential mortgage survival guide. That's 8776917900. Or visit we'd bank dot com member FDIC. Quick. Popped them and take over to something unrelated to the story we are about to talk about. I know that sometimes in the city of Boston people get a little bit down about the tee and it's you know. Occasional late minister. And work ability that is about it. Delicate and politically you can make back did you while and the reason why is because at least Boston is in New York this is a tweet from the MTA. In New York from three hours ago. The 1234567. ABC DE FM Jay-Z and QRWNG. Trains are running with delays currently. We apologize for any inconvenience how did your letters and numbers are there. That's pretty lets you might say the whole system's not working. Are bad they'd be better off just tell you which ones are running the best part about this is. I'm actually looking back at the MTA. And this week these are updates from the lastly to do it it's been like the last couple days now long so not great not ideal for. Carter apparently leaving OPEC. As the cartel has been pressuring them to cut production how calm. So cutter. Is not a big oil producer and their public comment as easily come out and said you know do we're not a big oil producer we really wanna focus on gas instead and frankly were just not willing to follow the lead of the saudis anymore you know they're they're trying not to make this all that political but clearly there are. Some issues between then and Saudi prince Salman. I don't know if you can really tie any of this you. Specifically the issue is going on with the saudis and eliminating. Killing a US. Killing reporters. But the saudis have really clamped down Connor claiming that they fund terrorism and they're just not best of friends at this point what do. And really interesting about this is so OPEC is made up of fifteen countries there has been made up fifteen countries. They account for about 45%. Of global oil production. And this OPEC goes back to 1960s again you know. Cutters been there pretty much since the beginning. At this point 57 years. Do you remember any countries leaving OPEC previously. There's only one so there's a reasonable like there's only one. Indonesia was an OPEC from 1962 until 2000. Other than that yeah. Okay no one's ever let decide from them. Now some of the countries in OPEC have only joined recently and all as an example joined back in 2007. Equatorial Guinea joined in 2017. And we produce about 200000 barrels day but they also we have just started huge exporter for pats. Equatorial Guinea pigs is that where you were gonna OK I that I just. To put it together for a little bit you've got grumpy Tucker out of his back on it. But so you haven't seen countries leave OPEC. Relief effort there's been one country has before yeah so when I see something like this. It does get my antenna up a little bit saying okay well what's going on a year because. Saudi Arabia has done. Things before not necessarily to the same level breeze and this is what they deserve to show me. But they've done things before that have not exactly being on the up and you've seen this from a number of members of OPEC previously. And so to me. Eat it shows that there's something fundamental that is different this time what that differences I don't know yet. But we've been hearing an awful lot of noise about what's been going on between Saudi Arabia and China Saudi Arabia and Russia and all kinds of potential dislocations away from the Petro dollar towards other ways of paying for oil. And with this. I wonder if this has anything to do with I don't know in what way but I do wonder if as something to do with that in some fashion. I mean let's talk just a little bit practically hear you know there was a time twenty years ago where if you were the oil exporter. And you didn't listen to the saudis and you (%expletive) them off ticket which at a business. I mean read the Saudi to remove oil so quickly and so significantly. That you've pissed off the saudis they could just drop the price of oil and you know bankrupt your country saudis account for about 30% of OPEC's production right as junk they're huge. But OPEC's influence is not nearly as big as it was 2030 years ago so perhaps it's just you're not quite as afraid of the saudis as used to. I just like I keep coming back to new of the stuff that the saudis doing with China and I wonder if there's something there on its I don't know I don't know what's. But it just it it has that feel disk is you don't see countries leave OPEC they do they just don't there's only been one ever and that was Indonesia. And so again I just I wonder about. This fight with us economically speaking at Cotter is one of OPEC's smallest producers you know they're not at the producer here. This has have. Far more you know political impact cutters and carries a lot of political influence. And that's really the impact here it's not so much oh man dropping out and suddenly. A ton more oil is gonna come on the market that that's not the case unit produced 600000 dollars 600000 barrels a day which is frankly drop and about it. By the way cutter also what does have the 20/20 two World Cup that they're hosting there that's route with the promise of air conditioned stadiums. That have been built. Much with. Forced labor. In most cases they've had deaths building these stadiums now but it's gonna be like 120 degrees there when they're playing this thing. And somehow they are going to try to figure out how to do open air air conditioned stadiums which seems like a horrible waste of energy. Remember let all the stories when Sochi was hosting the Olympics people you know athletes were showing up to jail apartment complexes that didn't Torre what's and then just a disaster it's kind of some of the pictures from that were. Out stand can you imagine this just being ten times worse. No because they actually forced people to build the stadium regulated is laid flavor it's pretty much slave labor so the buildings will be done but they've literally had. I was looking at the other day they they've had more people die in the buildings of these stadiums and every the World Cup combined could work. Like it's it's just it's it's not good. We're gonna take a break now when we come back. Gonna talk about apple in their five G iPhone. We thought it might be coming up in 2019. But it might be a little bit longer waits to stick around here when you're going to be able to get that five G Apple iPhone. Right after this break. It's hard to dial a phone or send an email with too 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. You skewered Barry and join our exclusive club this business financial exchange radio network. The midterm elections have passed in the stock market remains unpredictable which means you should always be prepared for the future hi this is -- on if you have at least 400000 and investor -- assets I want you to join me in very Armstrong on Monday December 10 at the Tuscan kitchen in Burlington for special broadcast of the financial exchange followed by an educational lunch with the Armstrong advisory group we'll talk about the current state of the markets and discuss strategies to help you become a smarter investor you need to have at least 400000 investor -- to attend a call now and reserve your spot at 803934001. Space is limited so call now enjoying the Armstrong advisory group and the voice of Boston AM six AB WRKO on Monday December 10 at Tuscan kitchen in Burlington and experience true artisan Italian cuisine and find a location near you at Tuscan brands dot com register now what 803934001. That's 803934001. Securities offered to securities America incorporated members in SIPC advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and are two companies are unaffiliated. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain. But you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing and Dolan is an expert an elder luck and has been helping families with their state claiming needs for more than thirty years he's written a new guidance on this month called asset protection strategy spin it you'll learn how to protect your assets kicked him in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like -- with their state planning when he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 86684. Raped by 699 or you can download the guide right now from our web site legal exchange showed dot com that's legal exchange showed does come. If you're real estate or property management company -- 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 digitized paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ACH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers there on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as their banking partner call 8776917. To 900 or email BVL at leader bank dot com for more information member FDIC equal housing lender. The market has been extremely turbulent and 28 team the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. On top of breaking financial news by becoming a member of the carries per day blog until financial exchange does come in sign up today. To a number of companies are gonna start rolling out five G high speed wireless Internet in the next twelve months horizon most notably. It's not going to be a nationwide launch for most these companies but it is gonna start appearing in a lot of urban centers. Apple those saying that they are going to wait until at least 20/20. To release a five G iPhone. I don't really have a problem with this. Yeah they they don't first three huge negative for four G as well obviously say you know but we're give this twelve months let it figure out all the kinks let the other phone dealers build the technology for. A product that might not really work for the first twelve months and and will be able to create the perfect product and it's worked for them in the past you know the argument that bloomers made here is that you know everyone's saying while the five G activities going to be. Better implemented easier to understand but. Always they always say that how. Places do you go when your on the road now and your phone still doesn't even get to forgy. Is that I see a number of times especially if I'm in you know pretty much anywhere. North of Concord, New Hampshire nor sure Portland Maine yeah. Your you're all on three G connection still anyways yeah you know so it's it's it's not applying to a lot of rural areas not at this point. And so I get that you know everyone's more beyond and demanding of the speed of their phones now than they've ever been because. You know everyone watches video on their phones now or never wants to send video and a check at the snap Chad and get out and now. But. There aren't going to be many places you can use five G next year. Here's the big question to me as. Go ask around and can do you know anyone that is going to drop their apple product. In favor of Samsung. Or an LG and HTC. Because those technologies have five genes that night I don't know six Ers it's Abe by apple you know and maybe if you get a five Gphone down the road switched back it's not. I will say there are people who might not upgrade next year. Berry being one of them via if five G is not available there that's fair but I do think. That as intentionally. No one's saying OG this phone is now five GM needed jump those say elves wait another year until five geez available on the apple product which still can be bad for Apple's business. Could be it could be I did see there's an article on CNBC though. That apparently the other wireless ear buds are just they're selling eight Holland of these things at the moment. Have an interview interview used in the wireless one the air. Well yes I know how else I mean I have I bought you know. Like the quarter of the cost version on Amazon and I'm happy with them but I haven't avenues apples there did you get did did the bugs are a whole had said that a lot got a solids but there. They're connected to each other rather than them being like that the apple ones are completely wireless yeah I thought that I would just lose those so right now yeah with Y Canada I mean that's why I never pull the trigger on because I just feel like I would lose him so easily. So there's an analyst at TF international securities who is estimating that apple is gonna 620 at Apple's gonna ship. 26 to 28 million air pod units this year. Double what they did last year. They're pretty expensive Arthur at Arthur like a buck sixty is the public can at a 159 dollars are you kidding I don't know why people bond I spent like eighteen dollars on Amazon ones. A team Bach yep yours is and are completely wireless assuming they don't plug into my phone so to put in perspective is character each other just from air pods then. Apple's gonna do about four and half billion dollars in revenue. This year. So did you get like wireless noise canceling headphones the same cost. Yeah out as the ball you know you know can't run with those though aren't so well. And world T one YS earbuds available on Amazon.com. With four stars for 399 and tell me that if history there's an apple ear pods please couldn't couldn't tell you. One probably business of apple logo on it via one when probably doesn't. Did their cup equality differences I don't know but probably away they must be I mean. This is going back to apple it is not technology. Area fashion accessory company. Well liked had heard of like it died in that way. Back you know back when. Back before the iPhone when they were really putting together like the the iPod minis in the wearable stuff like that wearable phone music services there were a ton of MP3 players out there. That did the exact same thing for a lot cheaper yeah but people wanted the you know the pink. Was that the IB shuffle. The shuffle yeah. Remember those here's a fashion. I think you're I think apple still has that. They still have that name folks wanna tell you about an event that we are doing at the Tuscan kitchen in Burlington mass a week from today on December 10. The market remains unpredictable because of that you should always be prepared for the future and so if you have 400000 or more in investor blast sets. I want you join us at a great event that we are hosting on Monday December 10. At the Tuscan kitchen in Burlington Massachusetts were into a special live broadcast of the financial exchange. Followed up by an educational launched with the Armstrong advisory group. We're talking about strategies to help you become a smarter investor suit you can save more money. Is wells had a plan for your retirement and also how to protect your assets from the high cost of nursing homes. We do these events on a quarterly basis of some of you might have taken part of force or you know the drill. And so all you have to do if you wanna come to a live broadcast of the financial exchange. As well as you once put on by Armstrong advisory group afterwards call 800. 393. 4001. We do have limited amount of space there's only about five or six seats left here. So you do have to call right now because we are running low on available space in the number again the call is 800. 3934001. This happens on Monday December 10 at the Tuscan kitchen in Burlington mass in again that number is 800. 393. 4001. And again we're Tuscan kitchen where you can experience true artisan Italian cuisine and you can also find the location near you Tuscan brands. Dot com. To change at the top on Friday last Friday rather Microsoft's. Taking the reins from apple as the world's most valuable company. Done a pretty quietly tip. They have to sort some of those three months era who's going to be the largest company Amazon apple Amazon or apple know Microsoft how how good of a job Asad in adult. Yeah and you'd really just like a CEO who produces results and does not you know stick his nose into any of the political Massey aging you never hear about in the news in the news not anywhere limit in the money mostly the cloud services it's it's rather growth is him. It's pretty much all cloud. So anything from moving you know they they've done a tall and also. Not not just do that the way people think of Microsoft cloud usually is you know office 365 which is all cloud based but there are Zurich clouds started to pull customers over Amazon web services and being really competitive in that area. And in pretty much that the sense that I get from talking to people in the tax base is when Steve Ballmer was CEO. It was eight we sell windows by windows do that and it was it was all windows focused. The Della comes in and says. Look we need to change because we're not building products for the customers were just building products that we want to sell. And apparently it is much more a customer focused company now than it ever was under Steve Ballmer now has been the big difference there. Incitement keep in mind they still had a couple misses Windows Phone dead definitely don't kill it off because he said look this is working. They're tablets I still think are hit and miss in terms of the quality in the in the overall accessibility. For the same thing we but I think what what he's been able to do on the cloud platform. He is something that's really special he's done a phenomenal job to go. Here is where I see their growth Amazon today accounts for 51 point 8% share of the cloud infrastructure market Microsoft thirteen point 3%. I believe if your company adapting cloud you're not going towards him zone you're terrified that they're going to eat your business Microsoft and all the time. I'm we have on this hour of the financial exchange but stick around because there's a whole lot more coming up soon. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing co lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 4492 finds he. Grow subject to credit approval leader bank a step ahead the state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain. But you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not Todd let's keep a partner with the law firm of Cushing and Dolan is an expert an elder luck. And has been helping families of their estate planning needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Then it you'll learn how to protect your assets kicked him in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state Texas fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. 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 who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 877697900. That's 8776917900. Thing 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 8776917900. Is the 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. He's the money matters radio network WB MW 11:20 AM and W 275 CM FM good Boston the money matters radio network. Fights chuck and Mike from the financial exchange we're talking today. About the signs of a stock market correction with the market volatility up significantly since the start of October. It is something that is on the minds of many investors and Mike. One of the questions that I think people have today is is that. Little bit more expensive than they have been on average when you look at the price of that stock compared to how much earnings they are expected to generate in the future in terms of where we stand compared some of those averages are there any numbers out there that are concerning to you right now. Well you know one of them is that if you look at the case Shiller price to earnings ratios average stocks right now are trading about 84% higher than a longer term average going back a you'd really have to compare to say the dotcom bubble back in 2000 to see. Had just how overvalued stocks are in now compared to times in the past. In it doesn't necessarily mean that things ballpark today or tomorrow but it is just another data point that you have to be aware of there as he goes through. You're investments folks we do have a guide available it's titled the signs of a stock market correction. In all you have to do to get it is call 80393. 4001. To guide is free to get in once again the number to get that guy is 80393. 4001. Or you can also download it for free at Armstrong advisory. Dot com once again that's our strong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. In medieval times sharp says was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. 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AM to 1:30 PM the market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. Dirty suffered a securities America incorporated members and SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. It's pretty hard to find a bank that as a checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at -- bank dot com. Don't deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings were subject to change without notice leader bank a step ahead member of the icy. And. This is the financial exchange with Barry Armstrong in chunks of you're exclusive look at business and financial news affecting your day your city your own. World stay informed and up today about economic and market trends plus get breaking business news every day it's. And now the financial exchange with the very Armstrong and sharks done us. Well over the weekend at the G-20 summit in Buenos Aires in Argentina. We have what before calling the trade truce between the United States and China despite that occasionally tripping up my tongue that's what we're gonna call it. And you say to people you mean just Tucker. No I it's on CNBC as it and it's. I'm Bloomberg two of the crater troops I give Tucker a lot of credit for bringing tree trees to the table but sketchy I like him. It's I don't think Tucker's alone on on that phrase in sorrow and the suspect after give credit where senior credit is due. Chuck Todd and Mike Armstrong here today and we are opening ups talking about trade. This hour simply because. It it has been what's been moving markets most over the last couple days it continues to move markets today. With major indices still in positive territory be giving up about half of their gains thus far. The Dow right now up 208 points the S and Pia nineteen NASDAQ up 85. They all work about double that. At the open Steve got some selling that's going on all those gains and really about a 5% gain in indices. Over the last week now but let's dig into what we actually gleaned from this weekend what happened. What happened is what we considered united pleased to be count the best case scenario that you could get out of this weekend's negotiations riches. We are delaying the raising of terrorists for ninety days now on January 1 tariffs against Chinese good 200 billion dollars the Chinese goods. Were due to go from 10% to 2.5 percent. That single act has been delayed. Pretty much everything else is a bit of a question mark but there's been some you know present trap has come out and said that China is going to be reducing tariffs on US made vehicles. He's also come out and said that China is going to crack down a little bit on the the drug fentanyl which law that is coming to United States. But the messaging coming out of the US and China. While there are a number of commonalities there's number difference as to China's deathly selling this as. If they don't mention the ninety days and this is being sold in China as they do you renegotiated deal a you know. Pretty much a permanent delay of the terrorists. And it is so there's a lot to be worked out in the one thing that nobody clearly has any agreement on his what is going to happen with what I consider beat the two big issues. Forced technology transfers and intellectual property rights and so it. I can tell you what's gonna happen on them and nothing. New York and it's each and certainly not the next ninety days certainly has no Internet no incentive to budge on arms you know and well let's I mean let's talk about that. So you're saying that. If terrorists did go up to 25% against China refused to do anything on that you don't think that would incentivize them to put something in place there. Now China and China has engaged in period of economic. Declined before the up they will engage a period of economic decline again because they've the they continue to look at this from a long term perspective. And that that's been the biggest thing over the last 25 years it's gotten them to this point is not every economic decision they've made has paid off in the short term. But it's simply is there looking at this from a long term perspective their perspective that they're trying to take his. Look the US has operated in a unit polar economy for the last 35 years since the fall of the Berlin Wall like that. You like that won't like I was good. China is saying look we want to be the other poll in the world to the US and beyond that by the way we have five times the number of people so eventually we're gonna be significantly bigger as far as our economy. And so China is saying look we want to be the alpha dog out there and I think both for. Their perception internally as well as external I don't think they have any real. Impetus there's no real impetus for them to. Go in in cave on things I'm not saying that the US is wrong for one of these things I think what China does force intellectual property and force tech transfer. I think there's things that cause major major problems and I think that the US is absolutely in the right as far as trying to get those situations resolved. But what's different this time that's gonna cause China to actually change course. Yeah note my real concern about. The United States getting any sort of negotiation out of China on these two issues is that. We are not going to them with our allies and during this is the European Union isn't jumping on the bandwagon here and saying hey yeah. We are also going to implement huge tariffs on you if you do not adapt technology transfer intellectual property rules we don't have Canada and Mexico jumping on this as well. It's really the United States going it alone. And maybe that's on the pressure. One in let's talk even beyond that as you mention the European Union and no discussion of the EU could be complete without a discussion. Of what's going on in France right now over the weekend where you got. Riots effectively occurring. Throughout much of Paris or boo large portions of Paris. In team protesting higher gas taxes that are going into effect in order to discourage fossil fuel use the but they've kind of morphed into. These just. Anti elite. Riots that kind of news sum up I think a lot of the populous sentiment that is. Not just happening in France not just happening in Germany not happening in the UK or the US it's pretty much happening any developed nation out there you have this wave of populism. And it is now manifesting itself. In these protests and riots in the Paris at the moment. The you know it it's interest thing. In the Kron was elected on you kind of dual mandates what he's pretty pro business. And two I wanted to make big environmental changes too bad economy and I think those two things it's just can really frustrate you if you're a lower income workers there. You're paying higher for heating fuel something pretty much need to live during the winter in France yeah and you're worried that you know your union might. Be getting hurt because of the changes you're worried that you know maybe you're not be guaranteed as much time off. And today. You can see how this could kind of light a bit of a fire there and. You know I I look at what's going on now and in Egan you mention that we're not going to negotiating with our allies. You know with with with China effectively. And part of it is. I don't know when you look at the EU right now. I don't know there's a coherent policy position for the EU was holed the moment anyways they got too much other stuff I replied I don't know if there's any lake weight you can actually get all of the EU nations together and say. Here's the policy position that we want to take because you got Greg's going on to begin now I Italy not conforming their budgets Italy's all over the place France now has this going on. Merkel is seeing you know Merkel on her way out of actively in Germany. There is a power vacuum that is is kind of building over in Europe and I'll tell you if you're trying to build a coalition. Against China to it to build you know a coherent. Economic alternative to what China is trying to build. Man it's it's kinda hard to right now there's not awful lot of unity anywhere in I think the problem then. Is that in and of itself leaves a power vacuum on the world stage that China's trying to exploit the moment yeah. Day it's pretty frightening guy you do wish that you had a strong European Union to go and negotiate with. It's just don't you know I suppose you could try and get to Canada and that's going to savage just went through. Big contentious nourished negotiations on the readership and renegotiation of NAFTA there and so they're just might not be much of an appetite. For our closest allies to jump on the you know the punish China bandwagon right now. Let's dig into this story from Marriott in their Starwood data breach that was revealed was on Friday or Thursday and Friday is Friday yeah it was on our data breach of the week of that radio was DB OTW. So. In terms of what what's going on here so I guess some 2015. Starwood had a smaller breached. That was largely related to point of sale systems in hotels restaurants and some of their properties and things like that. I'm related to this one right. But the argument that some cyber security professionals are making is. Hey if you were looking your system then you should have realized that his shirt does body going because this has been in place and 2014. And so Starwood missed an opportunity to find out this was going on a few years ahead of when they actually found it out it's pretty. Easy to get kind of lost in the number of data breaches that we have and not take these seriously but I do need to call out that this. Specific chapter of an area out star woods information in terms of the number of users. It's really only been rival in scope by a few other hacks me really it's just that one back in the member they Yahoo! act Bakken fourteen yup. That's still the data 500 million. Users so. I have no way this is a big one. Is that this is there really big day it's it's far exceeds what we saw at Home Depot. And target in the past. This I guess this over. Lining here that the good news that put that in quotes because look it's not good news. Unlike the the breach that happened with the government contracts a couple years ago after an idea where you had it was like all kinds classified you know Social Security numbers and stuff like that. You don't have social ills and things like that that are included here that's about the only positive you can have is there's no Social Security numbers that we know of that are exposed here. Yes on the Equifax tack that had a Thomas or securities and there's I was pretty concerning you don't have that here but you have just about everything else we have dates of birth addresses email addresses travelers stationary got just about everything else though. Not a good for America no certainly not where to take a break when we come back we're talking about how the new tax law affects. Whether or not you should own a vacation home that is right after this break on the financial exchanged business news is constantly break and we are here to break it down and show what it means to your portfolio it's the financial exchange with Barry Armstrong and jugs not a on the financial exchange radio network. The market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com to. Here is our with the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain. But you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not Todd let's keep a partner with the law firm of Cushing in Dolan is an expert an elder luck and has been helping families with their state claiming needs for more than thirty years he's written a new guidance on this month called asset protection strategy spin it you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like yours with their state planning when he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed does come. 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. And a dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're bank is the number one purchase slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917. B 900 that's 8776917900. Thing 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 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing -- MLS -- for Portland to -- -- subject to credit approval -- -- a step ahead when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media -- some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new -- -- this month that's designed to help you understand the major factors that can lead to a significant market correction to -- and -- several core factors each of which you should pay attention -- and help position your assets in an effort to maintain a successful investment strategy this guys available right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't -- volatility throw you off course 803934001. You can download the -- right now and Armstrong advisory group dot com. Dirty suffered securities America incorporated members in SIPC and advisory services are there securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. 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. The Amazon not just content to dominate the world at e-commerce and server platforms. Is now turning its sights too. Brick and mortar retail in something that should be absolutely horrifying for any brick and mortar retailer in any business any market is. Amazon just eats any business he gets into. About a year ago they started rolling out. These small scale Amazon and go stores so they're called. Yet there it is reported 500 square foot tail stories and it they've pretty much other similar to convenience stores at this point. But the premise of dumb is that you walked in. You've scanned a little code that's generated by your Amazon app. Picked up what you want to. And then you just walk out you don't go through any cash hearing system you don't go through any payment platform. But there are cameras in different sensors around the store that detect what you pick up and putting your bag or hold onto and that you simply walked out with those things. As you leave you don't have to actually go through cashier here you know the big conveyor belt after all any of that stuff. And so what's interesting here is not that this exists in these seven little stores they have. But now they're talking about trying to roll this up to bigger stores. Says that the difficulty here is you know when hang with a 2500 square foot store is a limited number of products that you need to be able to account for. There's no real grocery Adams ray the complex stuff would be okay well we char urged. What's the 69 cents per pound of bananas. How we you know weigh your bananas that there's no. Cashier's there's a lot stuffed at work app for the Tootsie Roll listened to a whole foods. But presumably that's the direction ago that they old whole foods presumably this could be the direction that they go in. Which these question I mean I wouldn't part part of the draw off if I ever go to whole foods are they dropped me is a yeah I know that the quality of the food and getting used it pretty darn. The prices also pretty darn yet the highest price is really high but diss the service is really had to have a tough time tough time finding out then. I today ask anybody they'll bring you the area of the show you exactly what you are looking for guys so that part is pretty appealing to me to. As opposed to say shopping innate you know wall marker shoe store where. He can't find a worker network is defined as no idea. In terms of what this does to staffing because at that the big. I think that this obviously allows Amazon and and by association whole foods to do potentially. Is you don't need to how. Cashiers get like bush is uttered I mean what's that at least a third of the employees so here here's the question though OK because you mentioned paid the service whole foods is really good. Cashiers are doing a lot of that in store service but the question that I have is okay do you take that point of view. That you cut those cashier's out simply to cut costs. Or do you take the money there that you save. And re purpose that into play here we're gonna hire more staff to help out in stores DO not necessary. You don't think so. I'd not a whole foods. I mean yes I hire more help. Mean got a little walker and hopefully there are people everywhere and help they'd be you know I have been in one along did you not have an issue with the an odd enough employees room in the store stocking the shelves and helping people out. If if they covered their cashier's if anything. Probably they were desperate to the bottom line but maybe they can say hey you know we did this and by the way were dropping prices on a lot of our stuff. Today it's to offer high quality goods price I think you'll be useful if they could provide more employees who had more knowledge about said food items in the store has sold many. Different varieties again go talk to those people about you know the stuff that they had their freedom and dep I don't think there readily available. Always the one I didn't do. I mean I disagree I wanted to clear blue chips. Blue chips come. Seriously though there might be you know if you have questions on a ingredients or any food I mean you've been nice to talk to somebody about it was Taylor buried gold eagle I mean I go to the butcher there occasionally but which resemble elect them you know like every every once in awhile to really really state. And that's Nazis active. Turkey it is a touch about where came to draw a line now. We always do this in the thick and our like we always do this in the 11 o'clock hour Alderman dried state finally make enough meat balls this weekend. I and make meatballs maybe twice a year here number one and a lot. I'll bring one in a cool yeah you get one people policy for example Andy did you get one meatball bringing him in on Monday but. Yet it's. I just quit and give me any grocery store. To check out is the worst process mode yesterday it was a nightmare. Any rush to the check out our process is the worst part of it it's always. If you're there it is time it's busy. That's the only part that has a line and it's it's the bottle I had two items yesterday. So I wanted it the self check out one to the machines were down and and the ones that were being used. Which is people who just an ordeal with the health and I had this terrible self checkout experience anywhere. As that I don't mean aggression rather restore. And instead of deal to select the produce on the screen via you had a little shark at the top of the self checkout line we have to look up to Prodi's code. Oh I still remember those from when I worked at a job you get you can either never knows about yourself check out bananas or 4011. Disparities were 088. How do you remember that I I don't know I was fifteenth for some businesses are stuck in my head. Some of the granny Smith apples or green peppers or 4020. I can't remember but it's one of those I mean if they can actually figure this out. I think it's pretty big beak is that is I think everyone can agree that pride at worst part of going to river should store checkout to check out. Let's putrid offense and cashiers. I wanted to trivia it's our. Let's do trivia here on the financial exchange it's brought to you by the Armstrong advisory group with markets still volatile. Now as a great time for review of your portfolio. Call 800. 393. 4001. Incident free no obligation consultation today that's 80393. 4001. Onward and trivia based on president George H. W. Bush today as he passed away on Friday night as you know. And so we are asking trivia based on the 41 US president. The question today is which Massachusetts school did President Bush and his three sons detained in graduate from. Which Massachusetts school to President Bush and his three sons attending graduate from. If you know the right answer. Text is at 6356. Experts are first time texting us. Use the word Berry as the code when you first text in which Massachusetts school that President Bush in his three sons detained in graduate from. Again text is at 63566. Ordered him away. Well were given away fifty dollar gas card battle you said well now I didn't. So if you win and actually will do the sixth correct answers via the six person with the right answer you're gonna get a fifty dollar gas card. And so again Texas at 63566. And the sixth correct answer is gonna get that fifty dollar gas card. Do right depth that's it I covered it okay good. Let's take a quick look at markets as we head towards the bottom of the hour. Dow Jones continuing to give away some of its earlier gains now won seven EPS and PO ET NASDAQ up 85. So were continuing. To see. Not a sell off but some profit taking happening. In the markets at the moment we'll see how we hold off. Quick break then back in abeyance. The financial exchanges alive on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. There are many benefits to early estate planning among them keeping your assets under probate and protecting them from the nursing home but did you know did you also might be able to eliminate your state taxes tablets keep close to the legal exchange radio show and senior partner with the law firm of Cushing and Dolan is an expert -- -- taxation and estate planning he educates his listeners by telling them how to maintain and protect their assets in this month he has a brand new guide they'll show you had to increase your beneficiaries inheritance by decreasing your state Texas and in some cases eliminating those taxes -- -- leads an experienced team which has been helping families like yours with their state claiming for more than thirty years call right now to get -- new guide called passive protection strategies at 8668485699. -- time -- team at Cushing and -- help your family the way they've helped so many others -- 668485699. And that's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. In medieval times a sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. We're all trying to think outside the box when it comes to giving gifts for special occasions so this year I encourage you to call Peter bank the bank you ask why would call bank for Christmas gift well first because your Smart person and second you've heard me talk about Peter banks incredible assortment of precious medals tied this is very Armstrong you can visit all leader bank locations from Arlington to the seaport in Boston they've got one ounce and 110 of an ounce silver and gold bullion coins at all of their locations and other precious metals are available. Upon request these types of purchases can be Smart meaningful investment in addition to being a great gift for someone you love cult leader bank today at 8776917900. And learn more about its precious metal collection that's 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency cannot guarantee by the bank and may go down in value leader back a step ahead this is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Wednesday with zero point leader bank's online rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he -- dot net to learn more -- -- rent your payments for each unit received regularly on the same day every month tenants pay nothing in the first six months or free throw landlords visit WWW -- he -- -- meant to learn more or call 7816418691. Hi this is chuck and Mike from the financial exchange with volatility up over the course of October and November. What are the big questions of people have is how much worse could the stock market correction get Mike. Simpson issues that are out there one that's really been in the news heightened trade tensions what what's the latest on what we're seeing in trade. Yeah absolutely I mean certainly nothing has. That said we started to wrap up some negotiations with Canada Mexico. A lot of negotiations with Europe have pretty much been dealt with. And when you look forward you do have to ask. How bad could things get but also how good thing could things get if trade tensions either get worse or better and the big the big question has to do which is second largest economy in the world. And if trade negotiations go worst or China that I would have concerns about this stock market currently. About the length of this bull market that we've seen is that something that should give investors pause. Well yeah I mean right now technically speaking we are in the longest bull market. In history and that would be kept pictures time without a 20% market correction but you know as you can point out there have been several other periods of time where markets have lasted a really long time. 1980 seven's 2000. Pretty much went that entire time without a 20% correction although there was in nineteen point 9% correction during that appeared to. Folks the guy that's available this month is titled the signs of a stock market correction in this volatile market. Gives some things to look at try to figure out what's coming next it's free to get it all you have to do to get it is call 80393. 4001. That number again is 80393. 4001. Or you can also download it at Armstrong advisory dot com once again that is Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you missed any part of today's show not to worry for the financial exchange showed 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 up that listen button had financial exchange showed dot com. So our trivia question last segment was which Massachusetts school did President Bush and his three sons attend and graduate from. We got some interest answers. Interest in spellings of answers as well. But the only one that was actually correct is Phillips academy in Andover Massachusetts. Now in number of people correct answer. But the sixth person was some. Today Steven from Woburn he's taken home a fifty dollar gas card. Trivia today is brought to you by the Armstrong advisory group with markets still volatile now's a great time for view of your portfolio. Being Paulson 803934001. And set up your free no obligation consultation today. Again that number is 803934001. And congrats to Steve and. I think my favorite incident we got actually on this one was the number of people who put Yale just because deals not even in Massachusetts. Details you know but I digress so we have AS story from the Wall Street Journal talking about why. Companies like stark is bumblebee in chicken of the sea are struggling if you if you don't know what they are will there their canned tuna companies. But apparently. They're making some interesting excuses. For why mullah meals are buying. This is the most ridiculous quote I've ever heard I would love to hear from you. If you do not so that the quote is a lot of millennial don't even own can openers. People who want does not own can opener. If you are living and any if you're living and hold with a kitchen and you don't can opener. Its live I would love to hear is a literally one of the staples to have an kitchen. Or is this channel especially if you're in your twenties and don't like cooking. How many things come out of it can't just about everything they give viewers like ideally you like you know you. Hubble and NATO Gambino and saw leaky seals through the list. There's a lot of stuff that lives in the Kansas went back can opener for me might be higher priority than spoke. It dirt on harder things that I'm buying in my kitchen it's four night. Can't open that strikes you could actually if you talk you can actually get by without a spitting out wrestler credible fight counterfeit leg or use for work. I'm being dead serious here if anyone knows anyone that does not have a can opener in their kitchen please Texas I would love to hear from you yet this is crazy we have mineral find anybody here in the office here's something else so per capita consumption of canned tuna has dropped 42%. In the last three decades. I love can tune like hundreds of amendments ample want to Carlin are a good tuna melts. Man that does tool like awesome to his salary tuna salads delicious though. I am fully on the canned tuna bandwagon. But I just I do have a hard time believing. Did that many Mullen eels don't have can openers I could see why they'd. The baby not buying canned tuna is smaller meals that are clearly picky. Like the reason for not having panel or mail that's not liked to UNICEF. By the way I did come across this list the top ten and small appliances I am curious which one of these you guys you were do not. Coffee maker Abbott. I don't. We don't turn coffee but I'm saying it no toaster at a blender at a due to rice cooker you know. I don't you do Mike. Food processors yes yeah yep. A mixer yes. A slow cooker yes two of you you to do. Would you do listen I cook them. Look at why you have to I'd just coincidence that happened now at two a friar. Now. I have one course so I just use like a big ought. And then the other ones are kind of like microwave link to terror does it would not have a microwave at this point. You know there's a big fiasco three years ago with errors and starches and bumble bee were indicted for fixing the prices tuna. Really fifteen and two X prize. Which by the way remember well the tune of fixing scandal of 2050 reminds me of something like scooby do it again it's all the that's the the no. One got away with it tube or these darn cats and two priced. I don't know. Tex 171 says the assaulting king goods is disgusting that's why don't buy it. Your pretty priced onkyo. Is to have that high in sodium as I'm trying to. That is it's pretty like land and then you have the season and afterwards but yeah awake you know this grams of the world chair. So go to those two companies are trying to add flavors batter later tracked when he was surprised if we return and all sorts of interesting now why is everyone think its a rock is the it's big money to buy stuff. You know folks I want touchy again about the event they were doing this December 10 up in Burlington Massachusetts at the Tuscan kitchen. In the stock market remains unpredictable and because of that you should always good to be prepared for the future. If you have for a thousand dollars or more investor blasts as we want you to join us Chuck Berry myself and a great event there will be hosting on Monday December 10. At Tuscan kitchen in Burlington Massachusetts. Will be special broadcast of the financial exchange followed by an educational launch with the Armstrong advisory group. We talk about strategies to help you become a smarter investor. So you save more money as well as how to properly plan for your retirement and how to protect your assets from the high cost of nursing homes. We do these events and quarterly basis some of your pride taken part of four seed I'm sure you know the drill. But you do need to have at least for an to thousand dollars and possible assets to attend the space and space is very limited here we're closing in on the they were a week away and I think we only have five or six more spots let's do need to call soon if you want that's based. The phone number to reserve your spot as 800. 3934001. Again 800. 3934001. Event is coming up this Monday December 10 that week from now at Tuscan kitchen in Burlington Massachusetts. Very few spots left so please do call you wanna reserve viewers the Tuscan kitchen experience true artisan Italian cuisine and find a location near you. At Tuscan brands dot com. Great text. Rom 401. Regarding a can opener discussion. Quote my former tenant didn't own 120 years old he relied on pop tops. If there was no pop top Hewitt throw it against the cement stairs but that's a great strategy there. Probably a little bit of work that it be done there could also I just saw this item come across the AP wire just a couple minutes ago. The typewriters that few Hafner used in college. Just went up for auction and was sold for a 162500. Dollars. So that auction took place on Friday and Saturday. In Los Angeles and all those proceeds are going to be Hugh Hefner foundation. So just something that found interest in there. This is a story that has fascinated me for awhile. And it's title is yes people do buy cars with big blows on the during the holiday season. Oh. I don't know man who want to adopt an openers had no idea must be the same group of people don't get together with epic you know ID cards is it's Christmas so apparently. Luxury car sales throughout the year typically capped for twelve to 13% but he month's total auto sales. Acts in December rises to 16%. C have more people buying luxury vehicles in December I guess you know all those Lexus commercials with giant Bose. Actually do pay off in some way shape reform. But there's a company called king's guys Bo was based at a Costa Mesa, California. We specialize in big boats. Although as respect those that's it they they do they could thank you. Spokesman. And so these votes are 41 inches long and thirty inches wide in the retail for fifty dollars each they also make custom goes up to twenty feet long it can run into the thousands of dollars. Can you imagine being of the wealth and you know ages. Just ridiculous in this that you need to pay thousands of dollars for effectively for for your present. You know I think the car isn't good enough hey here's your gift to him hey here's an 80000 dollar car by the way. It was really 85000 dollars and Bo was not cheap ploy really appreciate the car but I could know there was a bowl. I think I'm gonna do next year isn't just gonna get my wife a giant blow for Christmas. There's nothing else or just like the giant though attached to like hot wheels car there's nothing like that as they. You know find something like that and I would obviously pay thousands of dollars is what put the ball in the driveway. That. I suffered a commercial for oil being yesterday Boe in the driveway and they call the police thought I think I saw where there was a car underneath. This that the I think it was LB anyways a psych guy you know an awesome commercial and ways to disappoint her two advocates came down Christmas morning and are no Cris net no presents underneath the tree there are no lights on the tree or anything like that. And accuse or decide in two years and they ran outside in their gifts underneath waiting outside tree node is they're really cute but it's. But funny waited sports juncture now be funny to see the disappointment in their case. We're gonna take a break down when we come back every hole from CNET roach who was gonna join us to talk about the 20/20 G gladiator jeeps new entry into the pickup truck market. That's coming up right after this break on the financial exchange. Financial exchange. All of Italy England and also now in West Palm Beach, Florida. Check out our website at financial exchange showed dot com and find the station closest to you. This is the financial exchange radio network. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain him but he didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing in Dolan is an expert an elder luck. And has been helping families of their estate planning needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Then it you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called asset protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. The market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. Terry suffered a securities America incorporated members in SIPC and advisory services are the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Earl trying to think outside the box when it comes to giving gifts for special occasions so this year I encourage you to call Peter bank the bank you ask why would call bank for Christmas well first because your Smart person and second you've heard me talk about Peter banks incredible assortment of precious medals tied this is very Armstrong you can visit. All leader bank locations from Arlington to the seaport in Boston they've got one ounce and 110 of an ounce silver and gold bullion coins at all of their locations and other precious metals are available upon request these types of purchases can be Smart meaningful investment in addition to being a great gift for someone you call leader bank today at 8776917900. And learn more about its precious metal collection at 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured and uninsured by any federal government agency not guaranteed by the bank in May go down in value leader back a step ahead when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media or some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide at this month that's designed to help you understand the major factors that can lead to a significant market correction to got to identify several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy -- guys available right now by calling 803934001. Taking necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility throw -- off course 803934001. You can download the -- right now and Armstrong advisory group dot com. Terry suffered 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. Security suffered through securities America ink members 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 batteries brigades business financial exchange showed Don coming sign up today. As promised Annie Hall from CNET roadshow now joins us talk about the 20/20. G gladiator. New pickup truck and Jeep and. Andy thanks for joining us. Right. So that the gladiator first and foremost where does this fit in the pick up truck market it it looks to me like it's not the same size and scale as. You know the Ford F 150 or anything like that is is this a smaller pickup truck. Yeah the good in in the mid size. And their. If you compare it that they have with the long bed op Ed. That's where it's been that most of the other vehicles it's really light and the middle of that in terms of side of this side. Have won that. Although the inner self did not have a lot of bad the app where you are site like the art. Now the threat end of this and it looks an awful lot like the Jeep Wrangler is this based on the Wrangler platform. It but Wrangler in a bind to it's been an act. I mean a great irregular in the front and it stuck in the. So in terms of I guess the off road ability of this vehicle as it expected to be able to do that all the stuff the Wrangler does is it looks like. In the back the angles aren't quite the same but is this can be pretty capable off road. You're looking at the rubicon failure of art and bullet points and about three. But you're right the departure angle in the back is about ten degrees shorter about one degree. And also been. A little bit in the recovering well at the middle of the guilty it's been stretched eat out thank you incident which is quite a lot. Break over ankle as well but what. That on the scene in in imminent telling. So regular only hold about a thousand pound payload. And or are there and thirty under now which is not a lot. But gladiator all in their town and Al. Bad about it mattered and it out there yet none of them middle bit here op or ability to what you gain in in telling about the use. What's so what's gonna be under the hood to power that. Outbid every point that leader eat it and are in an it will not. Are the leader are well and not now they are about and they would on. Anything here but it ever going at it but it adding that it L I don't eat there at notre Turbo coming unlock it. That we will meet the ball and went view and that it. That it up here. It I'll buy a lot. Is over or under that they hope that opera ever. What's so what's expected with the interior pretty similar to the Wrangler or they're gonna be any differences. Yeah it it basically irregular. We don't have the same neck that for a man on eight point four inch screen. They'll get it at 8 o'clock eat whatever you are in at the same writing on it and get our. Any app like on like back. But yet it there's nothing that that really special on the gladiator or is there are there. And when is this going to be available for purchase we have any hard dates yet. Yet though we're all about right. But there will it in there it's a bit but back in order to live in the when he when he model year. And you know capitalize on our. We get greater and high or early that you. And that there are here in the that the right will be on I think is an art. Are. Really. That I think act that happened but. You know when you look at act out there. Art how quickly. And get out in its. It would not. Is there a reason ME why this is. Coming out why why they're doing this this size is picked up under the Jeep moniker as opposed to under the ramble. Re already how the product pick up straight rent a 108 out of rebel. Our lack. So there ram it really need. That spot and the L. By. The we created a budding but will. Interest and interest in very good ME thanks for joining us and we'll talk to assume. NPR. And help from CNET Roche at talking about the 20/20 Jeep gladiator and people like this. If ever that I heard on a 60000 dollars you'd be surprised if that camera somebody spends like F 150s. Not 60000 as the host and yet clearly that your your base ones are late in the thirties but I think it's very easy you know too late. I forties low fifties of them operated prisons a poster smaller than an F 150 though this ad is smaller but the age and honestly I think the price points more around 45 based model for an addition to me reminds him like Hummer H one. Old school and with that got baton back there is a term I'm sure how that's Mohammed was more bird luxury name beleaguered the US. Borders chief says more. Every day use us. Yeah. By if you drive a Wrangler unity yours certain it's almost verging on an electric car. Doesn't Pacific tighten. I could see people definitely been on track now to shocked through six to ten LC. You think you'd think it would be not to you're as if they were Smart this is going to be your radar 45. I put on the wall. Years on the warm right now or your present against Annie Hall from CNET Roche do you think the other against enemy America and just you know. Like I just got a little piece art forgy. Well I think you should put that on the Waldman. OK so we've got Tucker in it 45. Baseball afford five K okay that's where talkers. Ian at the moment. Let's take a look at markets right now while we continue. To see a little bit of a sell off on Mona sell off but a it continues to profit taking the Dow now up 148 points it was up nearly 500 at the outset. S&P up fourteen NASDAQ up 71. So we continue to see this market giving. Giving back gains. Also breaking news according to CNBC. I have no other details on this right now other than the headline. But Altria reportedly in talks to buy candidates company crone dose group that would be and had some moments. So I don't have any further confirmation or details on that. Now the that is according to the headline from CNBC. At the moment processes Canadian and missed. All the time we have for this hour of the financial exchange actually where we're done. Now we're done until tomorrow so. We'll see you tomorrow on the financial exchange.