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Full Show 12-4-18

Dec 4, 2018|

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This is the financial exchange with the very Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. We were experiencing nice stock market rally yesterday on the news that trade tensions easing and it looked as if we are gonna. Perhaps move towards a negotiated settlement with the Chinese that was all good news and we had a good return on the markets as a result. Today however is an entirely different story is the bond market is sending us that different signal I everybody's variant Christine with you here. It's a Tuesday morning in. You know the market likes to climb that wall of worry and today the wall of worry is actually I have Italian. Guy and we win the bond market flashes the signal I do get nervous. Yes and you know I would be helpful Barry on it UK talk a little bit about why it's money managers while managers like yourself really look for and that's because I think I'm marketed as one of those markets that. People don't really understand this whole discussion about watching for that in version of the her that maybe you can tackle in open about. That weekend and and what it means is that short term rates either become. Higher than long term rates or very close to those long term rates in the one that caught me yesterday Christine was the two year treasury. Was about seventeen basis points which is 171. Hundredths of a percent. Lower than the ten year treasury and that tells you you're not being rewarded for staying in the east bonds. For ten year period and it would the barn wood when you see inversion like this where the two year rate. Is higher than the three year which it was with a two year rate is higher than five year which it was. When you see that occur that has predicted accurately predicted it's the last seven recessions. To which we have entered. Now I hear it now why is it that those those rates start to rise maybe you can explain that as well because again I think people don't always understand that relationship between praising meals and then be really helpful I don't think bill that it's so much about the short term rates rising as it is the long term rates fall and you know if you look at the ten year treasury which is what Tucker just as he's trying to buy house. The ten year treasury is it to 95. Well heck the overnight lending rates at two and a quarter. Break so overnight you can make two and a quarter on him so why would you tie up your money. For ten years at two point 95% now. To the benefit. Of those of you who are out may be refinancing. Maybe you're buying a house this is great news because rates have come from 320. Down two to 95 that means your mortgage rate should be about one quarter of a percent lower. That it was just a month or two ago. That's the good news the bad news news. That means that the wheels are coming off the economy is that's what the bond market's telling. They the bond market is saying we are headed towards a recession it has worked in the last seven occasions now it's always it's it's like who's. Market timing services in. You know sell in May and go wait there's a lot of old sayings right in and be called old wives' tales. That are terribly inaccurate in that you should not pay attention to but this one I can tell you. Investors I've talked to guys over the weekend this is something that investors watched very closely and I think that's part of the reason. That the president felt a lot of motivation to try to do something with China because I think he's real like Kudlow is in their swing and saying hey. We things are slowing down your guys we eat we don't need a trade war with that with China right now. In and do something and they did they they had that ninety day window which. Yeah like I can't imagine they're gonna resolve the trade war in ninety days but the stock market in the bond market. Are telling you. And you know the the good times might be might be over and we could be headed towards a recession. Non we have other indicators of that as well right we've got OPEC nervous are going to be meeting on Thursday nervous about we're oil prices are going told Brothers reporting earnings in saying orders have been cut. These are all indicators and this is the credit card numbers or does it really hard numbers and the bond market is stranger reflected for sure. But on the positive side you know there are some investments that do rally at times like this a gold prices up. Yes and the idea that for our gold bugs and there's lots of them. You know they benefit from from this type of market in and you'll because there's fear there and that's why the price of gold drug bit. I don't think we're getting bigger rally in gold I mean gold is up seven bucks at 1246. Here's one that gave that there is an interesting stories crude oil. A fourteen cents a barrel at 5309. We are really seen massive changes in the oil market then Qatar saying they're backing away from open. From a pack exactly now that's a little bit of a political were rebuke isn't it decide all Arabian designer Arabia has been you know accusing. Funding terrorism as they do. Which Qatar as you know trying to net and also aligning itself more with child because I'm into cars in bed with Iran. That's yeah I think managing managing the world's largest natural gas field Fisher I think if. There's like there's so many things there that don't make sense right. It and the thing that OPEC is worried about if Qatar leads with stopping from. Other countries are domino effect sure domino effect yet we only because. You know OPEC controls. 34%. Of the world's oil supply. But Saudi Arabia controls 34% of OPEC. In terms of oil supplies there probably embarrassed for six decades now I'm in kitten at the a cute together around 1961. Yep but it started you know the roots of it started in the fifties. And and here we are today says it will talk more about oil as the show goes on that. The you know there there's part of me McConnell likes a 53 dollar handle on oil because that means domestic production maintains its. And you're still gonna get. Oil coming out in North Dakota yet three million barrels a day come that Texas. That there's 3.4. Like you you look at it at that and those are. Bill that's the positive side no we would all like to keep paying you know dollar fifty for gas right. But there's a downside to that is when your paying a dollar fifty for gas in the general soft economy or need to buy and all your oil from your enemies that are trying to kill. So. If you're damned if you do damned if you don't. Speaking about damned if you do damned if you don't we need to talk about cost. Costco was great and this is just. Part of the story as it relates to. Retail you know items you may have pot from Costco. You may be clicking off now and buying from Wal-Mart dot com and by the way. The last two weeks it started using Wal-Mart and you have got to try shopping and Wal-Mart com it is so much cheaper than Amazon. Well yes and you know I mean they have always been very competitive and they really source. From a very wide variety and Poland from a lot of different source while they're kind of saying yeah I agree with you I have gotten several items using a cart dot com I've used it absolutely and I found it very useful. You know a lot of those commodity items you know they tend to be very good honestly household cleaners or letter read on time to go to the story adequately running get something. Is definitely not to her but you know 'cause it was interesting so that key indicator yet. Retail same store sales and an indicator is at stores open for at least a year Mary. And that number is not supposed to be doing very well in the coming year in addition to contributions. From e-commerce is expected to decline. To head wind for cannibalization. Said one analyst so last. So is that if they the the analysts are anticipating that your club's. Is that the really the way they make monies off their membership. It really make much money when you buy a a watermelon fried they make their money on that hundred bucks a year eighty bucks a year whatever the membership the years. That's where they make their profits so the analysts must be anticipating. That people are gonna renew. There memberships. Or that the number is gonna stay stable which doesn't help with growth tonight Dini growth rate race at the stores that are open it kind of maxed out. And then on top of that you've got any pressure on wages and you know cost us any hostile pace well. Yes it the retail sector does it pays well and then on top of that you know it says sells like Austin and contributions and gas revenue Micah Downs so. A lot of pressures there all around. Would you prefer is as a shopping for like eight do you have the choice of a Costco verses of BJ's agreement. I do I do have that probably I tend to go to Costco the yeah yeah and in fact on at times and we needed or tires changed you've actually pound cost could be very good deal it's our right yeah so it's a great place to go to get tires. But you Tucker you have a preference but I don't go to either. Why hasn't dulled. When you're going to be ABC news I thought a requirement to Ian yeah that's that's sort Mike Armstrong told me was that. In order for diapers. Yeah pilot Rex and recommends BJ's Wholesale Club membership yet yet you definite to all they have a lot yeah I look at mandolin. That's our poll question today do you shop at Costco. BJ's war in Tucker's case night. On their vote I vote at BJ's. And I shop at BJ's to speak in its proximity. In others they're close to my house and he shot. Not as much as I used to when you're raising a family they I would think Costco would be pretty regular occurrence when you raise three kids. Oh I I needed to cut back. And so I just know once a month now and the reason is is that had found that my basis and you turn into cost could be kind of pick up all those impulse buys re up to all of that looks good six cases a Gatorade well and. Really means that much or you didn't appear reasonably needle litigator at a anyway it right now it looks like 20% of our audience would be Costco and 71%. BJ's Suharto Tucker nobody's voted nine so look everybody's goes to one. You know Malia were just introduced the poultry and that's true. We are just getting some RS you're just gonna start participate in the poll. By visiting our website financial exchange showed dot com or send us a text message or text message or text number 63. 566. Coming up we're talk about Larry Kudlow. He is talking about the elimination of the electric car tax credit that's our next topic on the financial exchange. 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 28 -- 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. 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. The state claiming 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 in Dolan isn't expert and 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 strategies Bennett 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 asset protection strategies and 8668485699. That's 86684. Raped by 699 or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed does come. Hi everybody it's very Armstrong and I am joined today by executive vice president from leader bank mr. Jake tool and were talking about this account today it's called the Zuma rewards account and the thing that really caught my eye on this account is it's a savings account but sort of a guy and if you guys are providing. Two point 05%. EPY. On that account how do you do. Yeah this is 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 2.0 5%. EP wise your savings account up to 400000 dollars 100000. You get 1% cash back and all of your Jesus standing in your debit card that's good. Eight get ATM reimbursements if you use in other things he Tia. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly. That in so the benefit of that is that really expands or breached network you know he's in need Yamon. Doesn't have to be leader main course. If you call fights pretty simple unions to have your direct deposit owned the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for these statements oh. It's it's something that customers would do any ways of using right now right yeah it's great benefits. And yet two point 05% annual percentage yield on your savings. Try finding that in another bank leader bank offers it it's called Zuma rewards account paying two point 05% annual percentage yield on. Bounces up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them on line it leader bank dot com. It's called Zuma rewards account ZEUGMA. 8776917. B 900. Security suffered through securities America income member Sandra SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word buried 263566. So your first and last name and get involved today you're listening to the financial exchange radio network. Larry Kudlow was a regular contributor to this program is on every week. Until he became the president's national economic advisor. And he said. That the administration is looking to eliminate subsidies on electric cars in move that could hamper the auto industry's push. To broaden the market for battery powered vehicles this is a statement he made yesterday. As a matter of our policy we want to end all subsidies Lawrence Kudlow said on Monday it would McLemore. And by the way other subsidies imposed during the Obama administration renewables etc. We are free market isn't that Nancy's case so he's going after cardinals he's talking about the credits on solar. We in fact our our that's totally. Absolutely and you know what this really what they're faring too is in a bombing ARRIS stimulus package that created 7500. Dollar consumer tax credit. So while many initial announcement came out while people where. Saying that maybe this is and attacked directly GM really because they just recently as just the opposite it's just the opposite help Jia and it's gonna affect everybody out. Gonna hurt forward in her Chrysler it's gonna hurt folks like it's gonna hurt Toyota. These are all the companies that have not sold their 200000 vehicles GM. Ray DMZ either sold them or has the orders for the so they used up all their tax credits. And would Kudlow is doing and what the president is doing. Is helping General Motors which I can't imagine. Is what they wanted to accomplish this are they met General Motors they're mad at them for cutting quarters that was just right propose a cut over 141000 jobs and well wait and you can understand that you look at the wavy did it did it happen rapidly. Right before Christmas you know it's. Timing was it was not an. I have it's never right at a particular about the talks about the recession and the pressure on on the government right now in Norton stimulant things. Here's an interesting question now because that tax credit was actually legislated. During the bail out rate and the question is is the president actually has the. No he act I think Kudlow who alluded to the fact that he does not have the authority and but the the thing that I I wonder we had. Has it been there long enough anyway rightly did the whole idea when you have a tax credit program that. Used to induce people to buy pot ones usually trade cars do you like it would be thing I love it but it's the the whole let it this'll I felt almost guilty. Because it was a 35000 dollar car. And I got 101000 dollars in credits so really I was buying a car that I wrote a check for 35000 dollars. That's what I deduct on my taxes rate of 35000 dollar car. The government gives me 101000 dollars back as a credit. And and then I deduct the 35 so would it really it it cost me like 6000 dollars to buy new car laughed and after tax money so. It's like I don't know. That that electric car industry I think what you do you have these credits. Until the industry matures then you shouldn't need right at the whole ideas yet we'll give you some help tried change consumer behavior that way in tournament consumers' overall you know but the the other thing you have to considers. The solar credits for me it in the wind like. If you think we spend a lot of money on cars that's nothing compared to we're giving away free goodies for solar and wind and where does that go. Right you know that that's the yeah. That that's the big question I'm curious at what cost of the batteries as cars and they they really expensive prohibited him. If Europe. If you you can wreck your battery by trying to charge another car you know you jump curry can't do that electric car I know that so you know people do it all time and then they get the you know the built to replace I think is like six granderson. But the ID ED the batteries last I have an old Honda Civic. Then it's now eleven years hole and it's still running. The the battery so they're good for probably nine or ten years now and then maybe they put those cars you're trading restrictions say most cars now. That averaging length of a car on the road is twelve years old. Really gone up the cars are better. They are that are you look at you and our client thirty years ago for cars and are a lot better today yet qualities really can't. Much better that it doesn't matter with the buying an American card Japanese card German car. They're much better AST engineering better but the manufacturing process that is his superiors well. The so there they are lasting longer but these it at the electric car industry I think they are gonna have to stand on their own two feet what you regardless of what the president's. Opinion is on EU the whole idea of these. Credits whether it's for solar power wind did you do the money temporary basis to induce the industry rate to get it going and get it on its feet. But after it's on its feet which it should be. And you take this credits away. So 20/20 and they act I think that'll be. And the the days where everything comes around and that's why every General Motors is not going to be making the ball anymore as one of the lines and factory shut down. And Chevy Volt. They were you recognize that that's coming. Just. A short seller is attacking candidates company till saying the price of raw marijuana. Will come down aggressively attend to agree with that. They're calling it a commodity business and I have to say angrier than as well beyond agricultural product re right I mean right now the novelty of at all you know as is what has really been driving things up as people are trying to get into it ends you're seeing a lot of companies start to explore how can we start to invest in this you know growth industry now that it's all legal him. But definitely he's right it's commodity business Fisher. The year that that it occurs to me twos in we had this conversation with the felt that was in charge of the Colorado. Candidates commission. He came on the show and he said the biggest mistake we need in our legislation in Colorado. Was allowing people to grow the world and have their own planes and because if you can grow all if you could always grossed six plants you never have to buying. And you know their all their projections see these rosy projections that you see on. Till rainy and Crowe knows assume that people are gonna buy a certain amount of Candice every month the don't take into account. That in Canada people are growing it in their basement. And aid and all over New England people have been growing it and there in their basement of their closet for years. It at around that here in the lions news six point 66. Plants and that's. Like eat it you couldn't smoke that much then you can only get them to. Right you can't tell album you can't sell it but that was the that the big knock and I wonder. With that will do to Canada Celso. I'll tell you when those stores opened in Massachusetts they think they do it's like half a million bucks with a bit business in the first day gathers and I was online without really. Now I think one of the stores or is over Mel although checked checked that day you might be taken first week of big first day Tucker was 400 along sorry data source first week yep yeah 440001. David that. I think there's a novelty out that would only to a beach and see how many more stores open to dawn on me camp stuff but now. The ad lot of people shorting these candidates companies but then. You see another company that's trying to buy one of them will talk about that when we return don't forget participate in our poll we wanted to know with these shop at Costco. BJ's. Or ninth but most people shop and I have been happy. That's not everybody shopped at one of those two stores. Up next we'll be joined by Michael Armstrong for an update from Wall Street and we'll talk about. Who Altria might be bond. Like this on FaceBook and followers on Twitter. Show breaking business news is always burst right here on the financial exchange radio network. The state claiming 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 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 strategies. Bennett you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance or 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 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. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called sea grant it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the reduce local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank required dizzy rent technology to Obama called this he ran team at 7816418691. That's 7816418691. Or visit Z Rand dot net stop chasing down late payments and running the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Net 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 -- 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 let volatility three 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 offered to 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 -- 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 -- 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 sigma businesses that number again is 8776917900. Or visit them online at leader bank dot com. In a deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduced earnings re subject to change without notice leader bank a step ahead member of the icing. 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. Tony eighteen missing major ups and downs in stocks but we'll also look there remain concerned about pending bear market you need to 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 803934001. That's 803934001. Or you can download the guide right now Armstrong advisory group dot com securities are protestors hurt incorporated north MSNBC and advisory services are protestors and their advisors incorporated Barry Armstrong represented our street advisory group mysteries record companies are unaffiliated. Time now for street watch a look at the market's performance so far today to marry and joke right here on the financial exchange radio network. Wall Street watches brought you by leader bank it's not too late to. To get a great rate on a home mortgage leader bank specializes in a wide variety purchase and refinance loans at some of the most competitive rates in all of New England call leader bank today at 877. 6917. B 900 or visit leader bank dot com for more information. Member FTSE. Whatsoever given back a lot of the gains we made yesterday Christina I see the Dow down 181 points that's never good. Yet people are still feeling really nervous I mean my name is definitely a bounce back and the announcements that student does cease fire so to speak in this trade war talk. Butts you know that the underlying economic concerns remain yes. And today the gallery Z we've mentioned the Dow but the price of oil at 51 cents a barrel. If 5346. And gold was up five dollars an ounce silver up twenty cents and that's Wall Street want presented by leader bank burger read a whole mortgage co leader bank today at 8776917900. Called out. When they'll mail you their free residential mortgage survival guide that's 8776917900. Or visit Peter bank dot com. For more information member FDIC. And we got a number of text messages on the topic of the BJ's vs Costco. 612 great pair am a member of both because I have a house in Minnesota in one on Cape Cod hands down Costco is far superior to BJ's. First of all the check out cost goes three times as fast because they use eight checker and somebody that put the items in your box. Also Costco does not have coupons like BJ's. Which is an incredible pain in the and you know what cost goes but police sailboat has items that are on sale that you don't need any coupons for. That is kind of an inconvenience and BJ's ego. If you know we have to go through the coupon book. In India to find the item in the store. That the you know that the coupon applies for worse Costco says hey these are low prices and this is you just and a new. The and custom has a better food court the stuff they give away. And then stop the thing me there had you tried some of their stuff we talk and free samples are well they have free samples don't they have like Erick to Serena go there and my dad Elliott if we send me on The Who wraps December rubs and some wraps it up there. And their ribs and stuff like it's great yeah this stuff. A lot of people vote Chiming in hey I like BJ's you know latest. I gotta give credit to 22 BG 617 writes on the topic of electric car credit Berry thank you. Larry Kudlow for possibly ending the electric car tax credit the government should not be in the business of subsidizing companies. Well that's not entirely true I mean that that the government. Has bin. In the business of subsidizing corporate behavior for hundreds of years. But in this case also consumer behavior because they're trying to create a more sustainable environments sustainable economy. And you know these are nobles and and we need to make a concerted effort as a nation and in order to ambassador Noble Energy. But we've done this with industries in the past like the oil industry we've subsidized. We subsidize the holding homebuilding farming we subsidize farming regularly so. Did you say that the government I I tend to agree this excellence and he should just be a level playing field. But there are certain times when the government wants to modify. Their behavior our behavior and this is just one of those instances. And this is how they do in the case of in skis near the automakers you know they are trying to stabilize. A volatile situation Mac you know when the Great Recession. Or an issue. So what do you make about the story just broke late yesterday. Where Altria this kind of makes sense to me. Is tobacco companies wanna get in the hand of this business because people just aren't smoking cigarettes anymore. Read the Marmara man is having some trouble with this traditional cigarettes fresher and so they're trying to get into this new smoking category do. Yep and you know it's not just cigarette companies either their companies have been getting into the as well. Which I didn't anticipate that probably should I thought it really you just because. The tobacco companies are all set up to blues great B they have the technology the way they grow tobacco now scientific. The week or campus is scientific if he talked to anybody that's in that industry. You know they have all different types of strains of can't of this and he you know and they grow in different factions in the grass the plants in the stressed the plants and you know it's if it's become very scientific with a tobacco companies have been doing this for hundreds of years a hundred years anyway. Thought I think that in some ways to mean there's a whole medical aspect of marijuana while rates so I guess in that sense it's it's a little bit of a growth category for them as luck is not just a recreational. Use and recreational drug. They don't forget folks you're running out of time to sign up for our big event on Monday. We will be. Posting our show from the Tuscan kitchen in Burlington next Monday that's the tenth of December. And you are invited to bring a friend if you are so inclined to be talking about investing. In the market when things are gonna addresses the Santa Claus rally will tell you the exact days that. Traditionally the Santa Claus rally curse we're talking about the sectors of the market that we feel are on sale if you will in terms of where the pricing is. In obvious are gonna have a talk about the economy and what's gonna happen with interest rates and how this trade war will resolve itself. That's at the Tuscan kitchen in Burlington mass next Monday the tenth of December. If you would like to join us you do need to reservation and ask you to make a phone call. It's 800. 393. 4001. That's a whole free phone number that you should call right now if you wanna join us. Next Monday would produce the show from the Tuscan kitchen so that'll be from ten till noon. And then we'll have lunch and Q&A session. After that after the show is produced so I hope you'll join us Tuscan kitchen Monday December 10 come anytime between ten and one. The phone number is 803934001. But you do need he reservations and asks you to call. We talked about Altria and they're out we we finished Allen they're getting into the Canada's business potential we don't have a formal announcement that. But Netflix idea of a kind of dying to see this Kirk Russell moved. It's again and it's of the Imus be. To step on some of the other I've seen theory and in having yet but some analysts were vetoed it's supposed to be who they're my name again. The Christmas chronicles current plan is supposed to be his biggest movie opening at. Well in their measuring they Netflix usually doesn't release their numbers. That that's one of the criticisms because you never know. The only way you know which shows are popular ones are you talking about in the office right. But this one they said it would use when he million views that they're saying are estimating it's a 200 million dollar. Opening week which would be. Kurt Russell's biggest in his career because the biggest one after that was guardian for the galaxy TPC that last year down like it yeah I was one of those you know big scifi action hero kind of things it and now my boys like to see it was in the country and only a 183. Million in the first week OK well I'll tell you the the Netflix. If he seems like everybody's got one of those accounts. Absolutely and everybody's moving streaming I mean this is where it's gone well and he had a failing in now is around the F. That's true V you're trying to do something that everybody can agree on difficult but I don't know if this movie get a 68%. Rotten tomatoes and 86% of audiences liked. It was sunny and 8686%. Of audiences liked it up. And rotten tomatoes there's two scores compliment to me tree yet the judges' score in the of about the film critics yeah 200 film critics right that we Nash yeah. To a Danish. But then the audience scorer that's probably people were pains of that yet they just go on line and vote. And I it's. An agent is coming make because they find that. I find that people really start to think about Christmas during this the second week of December I mean December 1 starting on a Saturday I think it kind of caught everybody by surprise. We sure sought everywhere you walk them. You can see it since October raid I mean you know he's you know everywhere it's if it's there it is the Christmas season. That is for sure. Sad story out of new York and I suspect this is a story that is being replicated around the country who just don't have statistics on it. But a surge in suicides. By taxi drivers. Yeah you know they're seeing the value of their medallions which is which is. License that they need in order to get around a taxi and decline in value because there's so many Dugard drivers are pretty and so it's become really hard for them to make a living. I remember about five years ago when Hoover was taking off I talked to a banker. Used to finance medallions railing he was in that business he he would finance he's taxi medallions and you know in the Greater Boston area I think they are selling for and you see six to 800000 dollars per medallion he had. And five years ago he stopped because he used to over and he said why would anybody. Ever use a taxi and so he stopped is financing is that it was a son who encouraged him to stop. But they've come and price like now. Medallion used to be over a million dollars talker in in New York now sells for less than 200000 I'll try to find. Figure out why anybody who didn't pay 2000. Well exactly and mean and I think you know when people first. I come over I mean name the gentleman Tom who unfortunately took his online the other day you know it was a recent immigrant. Trying to make a living he's actually in the stories that really proud of the fact that using it for them a giant. He paid 560000. In that has been such a means of of getting started in this country isn't it for many people out and now. Now no longer. The I think there's been a total of eight suicides just in New York. They would choose such a sense yeah that's a shame becoming opera of a conversation regarding Oriole. Oil prices rise on expectations for a production cut is that cut actually gonna happen. Some are suggesting it will not that's next on the financial exchange. It's hard to dial a phone or send an email list to dumb but it's easy to text we've got an X sign up and running when you can tell us what you think right now by texting us at 63566. The skewered Barry and join our exclusive club this is the 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 trucks on if you have at least 400000 and investor blast that's I want you to join me -- Barry 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 by assets to attend a call now on reserve your spot at 803934001. Space is limited so call now -- -- Armstrong advisory group and the voice of Boston AM six AB WRKO on Monday December 10 at Tuscan kitchen in Burlington an experienced true artisan Italian cuisine and find the 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 our 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 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 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 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 guy 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. If you're real estate or property management company you need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers there on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies choose leader bank as their banking partner call 8776917. To 900 or email BDO at leader bank dot com for more information member FDIC equal housing went. 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. Securities offered to securities America incorporated members and SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. On top of breaking financial news by becoming a member of the carries brigade blog under financial exchange does come in sign up today. It is time for stock talk we're joined by Samuel Smith from seeking alpha to talk about a couple real estate investment trust Samuel. Thank you for joining us we appreciate your time. Let's talk about Brookfield properties first if you don't mind BP why is the symbol and of course I'm looking at the darn thing and I see yields on it. Of over 7%. But right. And it's important for years and now first and foremost because of tax purposes that ticker BP lives are built carp be partners. Partnership and not a re ballot issues dictate on pax I'm. But they also issue economic equivalent. BP. Where they'll properties REIT. That they just this year in the wake of their recent acquisition. Not retail giant General Growth Properties and and that is read and it acts like a re so investors depending on there. Individual tax situation. To choose one or the other there. There basically the same you can look on the web site they don't want to. Exactly differences but they're essentially the same thing and they're both suitable for any kind of retirement account or are now. Yeah and I would think that consumers of the buyers of this stock or somebody who wants income rate paid it back right a year than me. You have a 100000 in that you're getting over 500 dollars a month. Of the incur. How is like it is in dividend paid quarterly. Correct yeah. How much leverage to the sat they there urges Brookfield. Yes so they are very clever they have over and I'm. Net debt to ebitda ebitda. However it's important to note that the way we're built structures their leverage it in a very low risk manner over 75. Of their dad he is not the asset level non recourse. In other words. Yet but they're cattle property yet underperforming. That heavily leveraged vacant simply handed back to go under. And there's no impact no threat to the corporation itself but there it is called it's a cart structure for our field to go back. Yeah it's tough for one bad property to bring down the rest is what you're saying I think. Now. Oh in this other one was KRG. Is that this has turned to the Brookfield dissent though and you're referring to. Now known that the are okay they are here Kite Realty and the entirely different. And that also has a strong yields on the gun there it's eight point 05%. That's right. That's actually I recently read an article about it my op idea. Is pay retail shopping battery. Use and that ballot there's maybe low where retail has but Hubert and mortar retailer. Bent her bumpy ride past years the right to Amazon and other e-commerce giant. And so. Pretty much the entire category in the real estate. Investment trust that focus on regional gotten brought out. And babies that are out about water heater and this is the case that they have a strong bouncy. Fairly low leverage you. Hardly any you the next couple years in fact be all of me that they haven't you you're 20/20 today. Is small mortgage on a copy it under an occupied. There strong and it. On Barry e-commerce resistance they said no issues that require a bad. But do they earned a big malls or what kind of shopping to the now is not. That yes that they don't entirely. Open air shopping. Mostly grocery anchored. They also have a lot of raw impact of those growing companies out Wal-Mart. Lowe's. Hope he so that a lot of strong retailer anchoring their properties. And there are a increasingly. The majority of their view. We. Signing. Our service. And activity lifestyle I had not. I businesses not traditional. Retailers. And so they're increasingly becoming well diversified. Recessed recession resistant and e-commerce is a cell. There that threat to their business there at low in the Mars e-commerce Brad yet they're treating it incredible that now. If you look at the underlying operating. There properties. Where they're selling on the private market. They've been selling properties for operate at low at a high five. Just this past year and where it is you look here my heart rate base where stock mystery and a half percent. You know now operates so. So they're trading at a phenomenal this out there and app that. Despite their strong bouncy great diversification. The vast majority of their properties are located and out on the top economic markets and I'd state like North Carolina exit. Florida Georgia they're headquartered in Indianapolis. Which India also wanna. Most pro business that environments the United States. If that interest rates rise is that bad for these two stocks we talk about BP why in KRG folksy if right if we're if we're reading interest rates wrong let's say tenure goes to 5%. Is that Brad for these stocks. Well sure it up for equity because I had one bucket what that. Interest rate equity guy raced their car like gravity. And actually cricket now however. And the law on why restrict the rise in interest rates are rising because. Economy is booming and inflation is rising. Both of these are real last though when inflation goes up. Realized that typically go ought to be you can't make more real statement until it so much land yet whereas you know they Ukraine more money. And also typically these guys can pass on. There cost increases that are tied it in the economy is strong economy we. I've and they can't get tendered bit and it can't afford it there and knock it out but it really that and the reasoning behind it another thing to consider both of these. I've got the vast majority. They're debt is currently it fixed rate and with Lang in maturity so they're not apt to refinance their debt. Much at all for the next. Her for the foreseeable future so even if interest rates are rising at aka driver out there that cost here. Could be good to no good to note thank you very much Sam for your time user insisting picks for us to take a look at we appreciate it. Our quarter accurate. You know those are both stocks elections that are. Do is not designed for busy beat me kick off a lot of income on 100000 dollars you're talking about 73000. Dollars a year depending on the security. DT while I was one KRG was the other. As always before you buy those stocks or any others. Talk to your advisor aid make sure they fit in make sure you understand the risks associated I was worried about. Reits that have an awful lot of leverage on them and that's something you have to be concerned about. Folks the Dow was down a 145 point will be back for conversation about oil in just few minutes. 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 calling 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank. A step ahead the state planning can have many benefits especially if it's done early it's extremely important to protect the SS 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 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 strategies Bennett 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 -- 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. Hi this is very 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 music 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 are ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage 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 lender ML customer for Portland to try zero are subject to credit approval leader bank took a step ahead. The money matters radio network WB MW lemon polonium 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 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 it. A 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 yea you'd really have to compare to say the dotcom bubble back in 2000 deceit. Had just how overvalued stocks are in now compared to times in the past. 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. Your 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 800. 393. 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 member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. In medieval times a sharp was often the difference between victory and defeat. For skiers and riders that 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. 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 out this month that's designed to help you understand the major factors that can lead to a significant market correction to -- -- -- 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 is 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 three off course 803934001. You can download the dad right now -- Armstrong advisory group dot com. -- suffered the securities America incorporated members in SIPC and advisory services are -- securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated the market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back in the 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 -- right now that Armstrong advisory dot com securities offered to securities America incorporated members in SIPC and advisory services -- 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 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 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. Minimum deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings reeks of you to change without notice leader bank a step ahead member of the icy. And me. This is the financial exchange with the Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your room. 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 sharks done us. Investors are fearful of a recession coming and we'll tell you why what is the indicator that we are on the brink of recession we'll talk about it we'll also talk about what. Oil prices are. Up fifty cents a barrel today. At 5345. Hi everybody it's very Christine with you here it's a Tuesday morning there's a lot of action going on. The oil price story though I just find this fascinating the unity you look at the yet. The the oil in world oil markets where the talking about OPEC or Venezuela or. American production or Canadian pipelines. It is the there's so many strange bedfellows. In the in the world that energy could steer it it it gets confusing for a lot of investors. Can definitely but everybody is agreeing that there is a weaker outlook for. Demand for oil going powered and so epics expected to meet on Thursday. And you know already OPEC's economic commission board has recommended a cut in production by one point three million barrels per day now. So everybody's taking a look and saying you know what we don't wanna have a glut mean so we're gonna happily cutting back Canada the world's fourth largest oil producer there 'cause they're cutting eight point 7% next year. You know the and they're they're doing that even at the provincial. Like the the premier of Alberta said hey we're gonna cut and the U the they don't like these fifty dollar prices in Canada they're looking more for 6070 dollars to it to really make money. So they want higher production but the death thing that I you kind of questioned his. Yet last night we got news that Qatar is going to leave OPEC. Yes Liz last time we heard of anybody leaving all well and dangerous move. And that's laughs you know the rest of the pat wondering about a domino effect and in fact yes Saudi Arabia commission today. An analysis and research to see what would happen if there was a world without a pack BOB haven't seen none in six decades it's been around for a long time. The they've done. The Big Ten to cheat anyway. They give you look historically. When they do these quotas. A lot of the countries don't adhere to them. At any greed he had a lot of production fall off line. The do what was the motivation it do you think for Qatar to say it and I know they're big national match natural gas producer. That was that was abatement and economically they're really focused on that they managed with Iran one of the world's largest liquefied natural gas fields. On but you know politically they're trying to align themselves more at the trump administration. And how did they do that. When they're in bed with Iran see that and I I read that I said okay Qatar. Is trying to get in president trumps good graces and there's a lot of motivation to do that you know your small producer of oil 600000 barrels a day. President trump has made it clear he wants low oil prices low input costs I tend to agree with. But then you say. Well you're you're doing all this trade with Iran whose are sworn enemy you know there there have their partners in that day. Natural gas in very they're just looking at it they're saying publicly that there are looking at it as an economic area gym Nande not anything else in denying any claims of anything else Booth. The the big question as to whether you need OPEC are not make a lot of people are gonna start to 300 to wonder about that. Speaking about wondering about how market moves. You've got the ten year treasury note trading two point 95%. The overnight rate is two and a quarter. The bond market is experiencing. Something called inversion what does that mean. Inversion means. You were short term rates are equal to or greater than your long term rates we saw this occur yesterday with a two year of the three year in the five year. In the two year was seventeen basis points away from the yield on the ten year. And generally speaking Christine that is a it out anyway. In version has occurred. Prior. To the last seven recessions. Right right I mean analysts often say you know not. All in versions have led terrorists fashion. But all recessions have been preceded by earth and Ryan church and so that's why it's definitely. Reflective of the fact people are expecting slowing growth. Taking a look at the fundamentals of the economy what do you think this means the Fed cuts next fed defended. Fed her height tax hikes rather I I can't imagine they will go off the hook for the December rate that's pretty much baked in like all the analysis I've read I've talked to people that are friends with fed chairs and they've said we're getting a rate hike. In December. But be the last one then. They get back that may eat in they'll never tell us. But that might be the last hike you see folks which we'd get your Fed Funds rate somewhere between two and a quarter. And 2.5. Still gone apple right it's gone up they've made ten heights it's at once they do that they've made nine or ten hikes in the last few years. In you're gonna buy at ten year treasury would you rather by a US ten year treasury with a three handle on it or German. We've pretty reliable in terms of getting paid. With and one of thirty basis points I mean so. Your real interest rates even though the the rates won't be that high in terms of what we thought about historically. There's still. You know when you look at them on a relative basis compared to France or Germany or Great Britain there's a lot higher than what you could get for yield on those and I'd rather. As an investor I think most investors I don't care where the year Mexican horror from Africa or Australia. The most investors are going to prefer to hold US dollars as opposed to an occurrence. Well we're seeing that because a talk there's talk out there heavy heavy buying from me from areas like Asia and such like that right now right because people are are making that that. But wouldn't you think that's the uncertainty around what the Fed's going to do is adding to the volatility in the stock market and. You think. I I feel like the dead. Backed off when they heard Jerome Powell describing it is you're walking through a room. That's completely pitch black with no lights on you don't Wear the furniture is the right thing is that that's how he described as at a great analogy. And so you you're not gonna do anything quickly. And you're kind of wait to see what happens as you feel your way through this you know the I think part of it was trade tensions rate the Fed was being influenced by trade tensions because if you're the Fed. And you're thinking gee we're going into the trade war and that's gonna reduce GDP by. I think the consensus was who's gonna reduce our growth by anywhere from half a point to point. Well it back and caught back and throw you into recession the we had a strong economy this year I think we're probably looking at 3% year. The question is can you repeat that in 2019 Lotta people skeptical about 2019 and whether or not he can repeat that or not. Disease there's inflation pressures. You've got wage pressures and the every time you turn around Kristi you have another group of workers they're saying we want to get paid a lot more than you've been paying this. Yet as he had stagnant wages for so long you only look at the merry go workers rate the the rate in town you'd see them. If you're driving to the city. And and they settled Meretz settled and they paid the workers innocence paid the mountain San Francisco that worker shortest start strike is is gone altogether. A UPS just settled there is some some they'd ever went on strike but the drivers. Was due to drivers ever have a lot of leverage going into the politics yeah. Speaking of holiday season how do you think the sales are going what do you think we're gonna see in the coming weeks strong I mean people wages are up confidence is up. Labor participation is that all spells. Strong retail sales unfortunately it's going to be largely on line I was gonna say we not seeing a lot of mall traffic right now I think if pride a lot of it's gonna happen online there are saying all drivers. Yes government it was very strong. Yeah Betty the numbers that are. Here are lower interest right now they end and I think you'll have a strong Q4. For retail sales the difficulty is a lot of that money. He's getting directed towards him as I wish it was cool and other places besides I like I I know probably summit Indians but I wish there was some that was being spread around. Because it's dear being so strong. And so dominant. It's it's you know I I try to use other sites. The united if you have this experience but Al Gore Wal-Mart to order things in a cricket it's out of stock. Often really and that's why they often have really good prices they have lower prices. But you might spend ten minutes more shopping on Wal-Mart object. Did you would on him is because generally that's on Amazon and you can get it. You know and get quick. Well the quick is really mean they have that distribution. Aspect of it down now with other retailers in game might end up leading brand with Amazon it's instant gratification. Through it. They coming up or be talking about the trade war. That now has declared ceasefire. And we will also be doing our trivia contest that's all next on the financial exchange. 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 jobs not a on the financial exchange radio network. 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 a stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. Juries are for two securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. 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 in Dolan isn't expert and elder luck. And has been helping families of 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 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 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. 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 wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who are ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 87769178900. Is a number to call or visit them online at leader bank. Dot com member FDIC's equal housing -- -- customer for Portland to -- -- subject to credit approval -- bank to 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 guide -- this month that's designed to help you understand the major factors that can lead to a significant market correction to -- -- several core factors each of which you should pay attention -- and help position your assets in an effort to maintain a successful investment strategy -- guys available right now by calling 803934001. Take the necessary steps to protect your interest regardless of the market performance call my office right now going 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 at Armstrong advisory group dot com it's. Terry suffered 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. 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. We're gonna talk about trade but before we do that we have breaking news as it relates to beef that could be in your refrigerator or your freezer what do via Christi. That's right soon GPS wholesome which is a major manufacturer of beef products is recalling more than five point one million pounds of raw beef products. Because it might be tainted with Salmonella. And you know this recalled beef was produced between July 26 of September 7 at their concerns people might have some of them. In the freezer their freezer and so they're saying if you do you know you need to get rid of it. Right now they're saying includes brands such as Kroger cedar river farms grass run farms and CBS generic among others but you're definitely you know one a looked this up to make sure that you don't have any of that tainted beef. You know in your home. You know we've we've got hundreds of people who are sick as a result in this across 25 states you know I'm not isolated it's not isolated to almost 250 people who are six several that the hospitalized thankfully so fine deaths to kick start and I. I have witnessed ethic and read ahead of the holiday season ago I have to. The you know a lot of China hawks. Are disappointed. By the cease fire those entered into over the weekend. And the president entered into a cease fire largely based from what I can gather. On his personal relationship with president she I think president she said. My interpretation is that. It'll look I'll take care some of these issues that are really bothering you as it relates to intellectual property. As it relates to fentanyl being produced in our country and shipped to the United States a lot of things still on the table. But at least they're talking to and they have a ninety day went. Exactly and me and that's so in the the answer to it still exists is the fact that there is ninety days to wait. And in terms of our economy. You know what does that do for companies who are wondering what should they do for the next ninety days you know do they continue to invest in their businesses and it and continue to do this isn't there another Vietnam and they have to move somewhere house and senate the the impact an economy is that. You know while it is a halt in its call for everybody including making investments and decisions and left him. Could help farmers orbit exactly and his aid president she could start buying or soybeans again because he stopped writing the Chinese no lock and farmers have been hurt very bad. We saw those pictures US farmers in the head but there's been some plastic bags there waiting to see you know what happen on an excess capacity in definitely. Do things that. President trump did they think he says all week we present MG and I get along pretty well but then he appoints a late night. As the chief negotiator in light Kaiser is just a China hate early. I wrote the article China hater but he definitely China hawk Brady wrote that book. China's killing users you know they just. Very hawkish towards China and he's gonna be the main guy from the United States negotiating with this trade deals though yeah. At an colors got there are definitely in violent manner but he's got his marching orders to he's been told by the president this is what you have to. Right yet this then we'll back off. But the the a lot of people don't realize. If people blame. The OP only epidemic in the on idol while drug companies and they blame it on Mexico because a lot of heroin comes up through through Mexico. But they don't realize is that the fentanyl that is cutting. The heroin is coming out of China on main factory in China. That's right that's me and the one thing that that did come out of last week's meeting in science. China is going to help stem the supply. I have a fentanyl design part killing like 70000 Americans a year and yeah yeah that bad then yeah and Tino is the fact that China is smiling too. To work with us on this is is a major step forward I don't trust the. Immediately of the they have literally thousands of companies that make chemicals over there. And they have no regulation right so yeah the the the biggest companies will produce it but did some offshoot Hooper is too much money. Well I think it's over 3000 boxes. The other issue is that there are a lot of very real chance so you in the right under the regulations. You know might be named a certain way and with and there are all these other variations of it that you know create the technicality that people can get. Gesture does. It's time for some trivia trivia has brought you by the Armstrong advisory group with the market still ball told. Now's a great time to review your investment portfolio call 803934. Zeros or one and set up your free. No obligation today phone number 80393. 4001. On this today. In 1945. The US senate approved the United States participation in the recently formed United Nations. By a vote. Of 65. To seven. Will be asking each trivia question about the United Nations. How many member states now make up the United Nations could question. Our text number is 63566. The way you play trivia. You type that number but you put my first name at the beginning of your text message so it's buried BA are wide and 63566. And then the correct answer to that question. Which is how many member states now make up the United Nations and by the way. The winner of the contest re will receive a fifty dollar gas card. And you can use at any worked as a matter whether you're in Florida New Hampshire. Rhode Island Massachusetts works anymore. How many member states now make up the United Nations. 63566. Is our text number please remember to put my first name at the beginning of your text message. Bitcoin. Dropped another 8% yesterday holed out they get knocked it. It like picketing slams now. In on I know I'm not the brightest bulb in the Christmas tree but I never understood that point. They get is it people would explain to mile to crypto currency and it's better than cash and still finally cash finished alike haven't brokerage account and IE still like having a checking account I never opened up a crypto currency. And it had me there and it's amazing now I mean this is I think really generational thing is I think I think you know you're putting yourself in my generation. Pretty young actually shouldn't do that. Thad or bad for business. But you know I SEC rules say recent college graduate in his and the like early ties do you have a cryptic currency accounts Dodd know. Now that I didn't even know you are you exited in our generation and I just technically and pathetic. When you first came out the. They've been spooked me about it was that that was used predominantly. By the underworld right it was used to have assassinations taking care of those used to have that pay prostitutes whose used for drug trade. And I said well she's I would open a crypto currency count that's like waving a red flag. Saying on the drug dealer a prostitute or you know I'm doing about that somebody killed. If you have a growing number of even institutional investors and really starting at the secret to currency now in play. You know what there's there's a lot to resent having global currency that operate really seamlessly in this emerging now. Next generation Internet called the block chain. On to make it easier to get the government out of the equation actions of the government out of the equation but I mean athletic instantly now rain mean a year ago is it about 20000 men today it's it. Three thousands of yet exactly 3000 in changing you know regulators have actually started to crack down. In order to kind of find a framework for C team to build investor trust rain and happy Easter to see you mean it's kind of the wild west in the beginning nice thing is keeping calm down as it as it gains traction. Well it's. It is calming down to be the the so many like we talk about that cooling. And then there's all these other crypto currencies. They came about as well and adds a nice figure out you know which one which went skinny emerged. As the new dollar. You right I mean that's really moving towards rated as different currencies are to come the Al the question is which one came dean. And now investor trust that it becomes the currency attorneys more global. You know attend that wonder that there if we ever get to that stage you know the the they what's happened in the last year has got to be undermining the credibility you talk about 80% decline. He bought it 20000 today's trading at 37 and it bugs in upfield too bullish on that point B you've lost more than 80% of your investment. They when we come back we'll have the answer tour trivia question. And we'll. Talk about Social Security. The financial exchange is alive on FaceBook so make sure like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. 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 Todd lets you host of illegal exchange radio show and senior partner with the law firm of Cushing and Dolan is an expert on law 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 guy and they'll show you how to increase your beneficiaries inheritance by decreasing your state Texas and in some cases eliminating those taxes lets -- 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 tons new guide called asset protection strategies at 8668485699. -- time limit team at Cushing and -- and help your family the way they've helped so many others -- 668485699. 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. And medieval times sharp was often the difference between victory and defeat. For skiers and riders that 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 well first because your Smart person and second you've heard me talk about Peter banks incredible assortment of precious metals hi 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 banked dot com for more information. Not a deposit not FDIC insured and uninsured by any federal government agency not guaranteed 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 and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more -- see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent dot -- 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. One of the big questions of people have is how much worse could the stock market correction get Mike. Simpson missions 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 the second largest economy in the world. And if trade negotiations go worst or China that I would have concerns about this stock market currently. But 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 a picture of 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. 1987 to 2000. Pretty much went that entire time without a 20% correction although there was in nineteen point 9% correction during that appeared. 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 three 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 don't come and click glisan. Then click on demand and catch up on every segment. You'll also find podcasts of all of our poll showed us just punch up that listen but who had financial exchange show does come. We asked you how many members states make up the United Nations correct answers a 193. With the addition of south Sudan in the year 2011 there are now 193. Member states in the UN including. All undisputed independent states apart from the Vatican City. Great well and our trivia winner today is Linda. And Chevy today is brought to you by the Armstrong advisory group. With the market still volatile now's a great time for review of your portfolio. Call 803934001. And set up your free no obligation consultation today. That's 803934001. I was shocked to learn that approximately 34%. A beneficiaries. Who clean their Social Security checks before age 66. That's the current Furl retirement age. Have enough money in and higher rate to finance the equivalent of at least two years of Social Security benefits. So a lot of people are claiming their Social Security early despite the fact they don't have to. Right and if you wait. Until your seventy you can actually get allergic check each and much like right and so the financial benefit to you to weaning is definitely there but. You know some people are some people are concerned they wanted to know as it it'll merit that they haven't turned to cash in the bank if if you know god forbid they have. Medical emergency of some kinder some things and so. You know they're thinking about the steady track then reverses the can be changed and I have sucked away. We Ugandan beat the benefit to waiting is that your benefit increases 8% per year. So that's a good news so if you look at your benefit at 62. And they say do you well we're gonna give you a check for a thousand dollars if you take your check at 62. Of you wait just one year. You'd get a 1080. You know nearly two years unity in a 1160. You're gonna get more and more for every year you wait. That's a benefit to waiting a lot of advisors to life I have learned and I'm shocked that this a lot of investment advisors. Tell their clients to collect their benefits at age 62. And their surprising what we can make more than 8%. On you're on your money and that's why she collected at 62 boy act I think that's bad advice mean there's. The 8% is guaranteed. And the 88% is that he had no and no there's not an investor and advisor on the planet give you and iron clad 8% guarantee on your money. It just doesn't exist self. I I question at the the one time that I would say. That might make sense to collector Social Security early is if you're sick. But that's a EU EU had a very short life expectancy. In your 62 years old and you take I'd be dead at a time of 65 other new collective or. But under most circumstances. And he can be a real mistake and I've seen people. I've I've I've talked to people who regret the fact that they collected their Social Security early and that's the basis for common. United Airlines launching a new premium class on premium economy was that means get paid more. If kmart's. Gets in between coach and first. Taxpayers like news again doing it and see a lot of mileage gran via either Romanians. Free drinks free booze here they drink and get Friedman's. I don't know EU fine. And I'm American. Exclusively and eat he is with these frequent flier programs. You almost have to state. 21 here in order to keenly in points that's that's. To and from Austin to San Francisco and via active apple is deleted. To clean seats. It's since humor. Of people out there and you. Think it's I just had trouble with them from an actor from an on time. The just. It should argument that chance but when I did four and they can never get there and get fifteen mere minutes. Bodies buried. A minute I'll while for whatever you know where you Scrooge is that you do in connection. And nearly eight. In and it happened when when winter it happened happened isn't just gave up one winter so I was at their fault. It was probably smelling like it was it was everything I hear from hell that we had. Yeah when he fifteen racism that they just couldn't get there. So I gave up are you should go back jetBlue has been fired. You should. He you're you're doing a to tell us about the regal players. All we think you act so. So I think with the regal players every Christmas and we're actually in limits of doing a Christmas show listening to invite everybody over to Waltham. When his name on this coming weekend we've got five shows all my yup one on Friday to one Saturday to maddening is that I wanna ensure that there are only two hours. And it's it's a great you know. Community program. On you know a lot of professional and semi professional singers in addition to lots of kids so it's wonderful families yeah generations would. And we see personal care business and favorites that you would love Santa Claus comes to visit and we have our own regal that's because then make our. On Massachusetts rockettes so how do I buy tickets can go online. Because theatre dot org and we're also out of the Waltham high school CU can call the box office. And he had me FaceBook page do we do have is the page recently legal players in the regal players are DNA GL EU players poll about a past. I thought it was RE GL. It's REM AGM. Eat players fun fun fun. Hey the French government has decided to delay. A fuel tax hike. After violent protests France loves to buy into it to protest if they have a long history of of protests and. There's an order airstrikes and everything else. That's literally given that present a crime that a headache for sure and means he. You know he's called a halt. So he's he's I'm guessing to the fact that you know things have basically come to his stance Stiller there now on lots of violence and fortunately. Infer for the life of me I I don't understand the logic behind the protesters because what they're doing is they're shutting down Paris. And Paris's basically. Monotonous it's uninhabitable but they they're they're they're wrecking in their shops. There lighting fires. And people are canceling their vacations to Paris and this is a critical time a year prepares absolutely Terry a lot of them out but tourism. For France that's their biggest industry period he would not very good and anything else. He talked at soccer chuck would argue that they're good at soccer but to be. Did the city's on fire so people are in a tech talk to people overly Kenya were we were gonna go to Paris for Christmas and we canceled because we don't want to be anywhere near. That the city and that's a city. It relies on tourism in you've seen that for the last six months. You if you wanted to go to the museum. You got tickets and purchased in advance in the museum would be open. You know because that people were on strike in a lot of political turmoil in incarcerate. Absolutely and you know just going to. Impact the economy probably not favorably both because of the protest like you side and also you know the facts match they can't increase. You know. So given he inside information on Santa Claus. A step on steer house very unique young. A hero is putting together his list as least now he hasn't been corrupted by his older siblings thankfully they're really gory the only guy in line for him. He's probably. Chris they make Tucker is daily herald an up or make it but that you get mortgage. The Santa Claus rally that let's talk Lee did you hear this term for the next thirty days. The Santa Claus rally doesn't actually occur until after Christmas exactly the last five days of the year and the first. Threat and. And Lotta people are thinking that yesterday was the beginning of the Santa Claus rally that would be inaccurate it's always good I mean it is December. Has gains 74%. Of the time. It's and his stock market and an annual basis to sit and so they be over the last hundred years. The Dow has gained an average. Of one point 55%. In December that's one reason you don't want via the market does wells rate yet million bucks you could make one and a half percent money in the next thirty days. Over the last twenty years December is only the fifth best month of the year. But nonetheless it sports an average gain of the last twenty years of one point 52%. Under a forgotten Santa Claus rally this year in age the age eat the you you might because. The rumors about the retail sales numbers come rate come out right after Christmas. Yes but usually the first Thursday. After cassettes and now our partner sales numbers now so you could have it could be an interest in your Christmas is on a Tuesday this year and so you've got. In any got all the post sale also. Chizik actually do it here retailers because it gives them that whole week right after it to people going news on those gift cards right to be right to take off. And then they're Gannett and take off work and Annika and go and they're gonna use analyst at current and Nasser retailers hope for that kind of post Christmas boost Andean trade. Then because you know can take three days off the unit you're gonna take Monday and Tuesday but you're going to be in the office. Even if you don't going to trade stocks on on 26 you'll definitely be there on the 27 that 28 and you fall in weekly area could be in pitching here for. The samples for a hey coming opera talk about the potential for breaking up Amazon.com. Say it ain't so is Amazon and a break up that's next on the when he talks. The financial exchange. All of a brutal 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 and Dolan isn't expert and older La. And has been helping families would Thursday blaming needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Bennett 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 does come. 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 a 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 it's. There is offered to securities America incorporated members in SIPC and advisory services are the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. -- 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 and uninsured by any federal government agency not guaranteed by the bank in May go down in value -- -- 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 -- 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 -- 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 got to identify 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. Taking necessary steps to protect your interest regardless of the market performance call my office right now going get your free guide the signs of -- 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 -- Armstrong advisory group. Dot com securities offered to securities America incorporated members in SIPC and advisory service is not a securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Security suffered two securities America ain't member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated the markets are still volatile. Get that we're weekly monthly recap but becoming a member of batteries brigade these financial exchange showed dot com and sign up today. One of the biggest headwinds facing Amazon.com. Would be anti trust law I think. A year you look at their dominance. And the waiter putting companies out of business. I would think at some point congress is gonna look at them and say we need to change our laws is Amazon's getting too big and we. That's right and that's why this wine business school professor who predicted that Amazon and buy a whole foods is now saying. They're probably gonna have to spend something off in the face in anything not in quite either cloud business. Here now. But it ethic from me if if her Elizabeth Warren that's not gonna satisfy. Your points towards in this. It over the most people are looking at it and they don't really understand the cloud business than Amazon has which is huge and I think there's one more Big Three right now when the victory I think if if the I think where there any a lot of pressure Crist is the the date pressure's gonna come from people saying. Well we used to sell. Our widgets on Amazon. And then Amazon started manufacturing their own widgets at a lower price and put us out of business play and then you're at companies like Circuit City and JC penny you think about all the retailers that are going out of business as a direct result of him on so. I I don't know. That this AW spinoff would satisfy. The anti trust concerns that politicians. So what do you think any any predictions yourself fun on what they might be forced to do. We think it might have to get at a mean factory. But I think that might be and that he had the it just seems. Unfair. What they do because what they'll do each and every if you had the experience for your buying a brand right from Amazon it's. Common among retailers today isn't it to have their own white label products in target does it be a long and it doesn't mean a lot of companies have their own might have a brand they might not always called on the view by the same name as a retailer but it will be their own lightly France Le. They intentionally under prices. And they'll potentially put that person company and a business you know I used to buy this brand of coffee and then all of sudden it became. You know it was cheaper to buy the Amazon and tasted a little better in. Nelson was in the past. So that's offensive on Costco had you tried Kirkland and that good night I would try and theft. Pay attention business owner Barry are strong here are you looking for more ways to promote your business this holiday season. Team up with leader bank to become one of their Zuma. Featured businesses leader banks innovated Zuma rewards account offers customers the chance to earn cash back. ATM fee reimbursement along with a high savings into street in addition. Zuma customers who use their debit card that featured businesses like yours the 10% cash back. If you're interested in learning more about leader banks Zubov rewards a call account. And their featured business company program call 8776917900. The program offers free advertising with no added operational costs for partners businesses and better yet. It encourages customers to shop locally for the holidays and all year round. The number again is 8776917900. Or visit leader bank dot com for more information leader bank a step ahead. Member FDIC. He never saw the movie quiet place I didn't need sentiment. Was it ever good man John Pierzynski whose. Went to graduate and nice really yeah. Actress and Massachusetts Brookline again you know. But you're talking about EC well. To a quiet place and he's writing as well then I think so thanks. Tucker you never you never went to and on our subway in effort to c'mon on Netflix or Amazon where what I'm telling. It's it's gonna be. Did I put this on my prediction board for what enemy you're you're officially putting it as your best picture. And I don't know Westwood thanks actor out north actress act you are sure Emily Blunt was. Phenomenal. But I think it wins multiple. Academy Awards for that is good and a yet. And you can see practice rounds here and it's all are now. Corbett was it solid core Europe effect that they learn gory isn't. It like ethnic thing and then. Am now in all I know isn't scared. For her like ninety and it. Ninety minutes I was scared as it was along movies all that they are greatly different from the opening seed really has you scared. How I I I recommend you. It lets you have a heart condition. He's an apartment and it could ask it. All Brothers profit surges 62% normally that's good news. Yup I. It is time because of the orders. The orders are down. And reflection of the housing market. And and here's something that's interesting very retirement breaking news is one of the nation's top banking regulators. Sad. Yesterday in a televised interview. This is the at the head of the FDIC and she said you know while the economy in the banking industry are doing well it's time to prepare for a downturn. You know that's the bond market so tone this the same thing right exactly exactly lit up Angel. You seen that problem is it's hard. Would you would you think you would be looking at that I think right now you're gonna see positive number is does your continuing the momentum what everybody is looking at his desk and hammering it corporate yeah. And ands he now ms. mcwilliams who is the president of the FDIC said that she is watching leveraged lending. Which is saying a large and risky business months. I tell you corporate debt be you know we we don't have the personal dead ball and I don't I look. He could argue that car loans are being underwritten properly and student loans are definitely a bubble there but it's only 1000000000005. You know. But you look at the corporate debt market in the junk bond market those bonds start to default couple bonds you can you just research on your full a mural. Take a look at PetSmart debt and pat code folks and he would that's trading at relative to its fair full. It's. There frightening in the corporate market and that's what makes me worry you start seeing a domino effect. With companies just defaulting on their debt which they can do. It's it's not going to be pretty markets are open now they're in negative territory with the Dow down 145. Points. Will be back tomorrow with another edition of the financial exchange stay safe.