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Full Show 12-6-18

Dec 6, 2018|

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This is the financial exchange with Barry Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. On Monday we expressed optimism. That we might see. A peaceful resolution to the trade war with China. Those hopes were dashed last night when Canadian authorities arrested at Seattle a long way technologies at American request. In addition of that we've got oil prices following in the stock market is declining rapidly this morning Dow down one point 5% to 463. Points. We will try to help you make sense of what's going on here I know many of you are nervous investors will talk about it I everybody it's buried chat with you here. It's a Thursday. And we got a real curve ball last night because that is when the arrest was announced but in fact the rest took place. Why oh. President G and president trump were talking in. Argentina we. Yeah and I'm still trying to make sense of exactly what's going on here on one level I sit here and I say look this is happening at the exact same time it has to in some way be tied in to what was going on in Argentina. But the same time you sit there and say look the federal government awfully big place the US have been pursuing things against Wally for the last couple years now. And maybe it was just an opportunistic time where paper you know they stepped in neo said hey Canadian authorities to help us on this one parent as. Is the DOJ did that. That. All I allow that are requested be arrested just to be clear did the woman who's arrested her name is Kathy Maine and she's the CFO for for a while away but she's also the daughter of the founder and founder is a very powerful Chinese official. Yes and so what what makes this interesting is obviously it you know plays a a huge factor now in these trade negotiations. Put that the part that makes me think that new maybe this is not something that's coordinated here is. There's no incentive for Canada helped the US out in trade negotiations on this after what we did you know in the last couple of those over the last six months on NAFTA renegotiation so. You know it's not like the US and Canada have been best bugs this year and you know we'll do anything to worry about it demonstrates the closeness of that in there is a lot of reciprocity. In terms of arrests that if an American flees the country to Canada they're shipped right now. I guess were ongoing though is I don't think he'd be helping out from a trade perspective and saying hey we do a big photo this is criminal this is one righty OJ talking to be equivalent. Office in Canada and so this potentially throws I think a big range in these negotiations. And that's why you now CVS and 500. At the lowest level it's been that since the start pretty much since before Thanksgiving and we've kind of been bouncing off this 2650. Level. On the S&P a couple times now and you know I think there's some real concern that this thing could start to escalate again if the Chinese say hey we we were discussing the framework for a deal. But there's we're not gonna do anything until we get dispersed released well. And what's happening here folks is the you know we've often talked about intellectual property that. What China is doing here at least Wally in this is my impression correct me if you think I'm explaining it incorrectly. But Wally was using American technology that was made in America shipped to China. For use in China allegedly but then repackaged by a sister company called sky com. And sent to Iran which is a direct violation. Of all the trade embargo. It is and it it something where. You know you look at it like that if if what the US is alleging is true which some pretty good chance it is just based on what we know but while Wayne how they operate now. It's something where there is some merit probably to what's going on here but you sit here and you say. It really is coming on one hand that in in opportune time in terms of potentially. Being able to get some kind of deal with China done. Was thinking about that is a dot in opportune I mean it this is the poster child for intellectual property that. You know I've both been disappointed by the lack of conversation related to that it's all been trade to being treated unfairly blah blah blah. The fact of the matter is this is any precise example of how they're violating intellectual property laws. I agree. I just don't think intellectual property something that the Chinese government's going to bend down you know and so. From my perspective that this past to a deal has always been a narrow world one knee if you want to get a deal done if you. If you want to get something meaningful done in terms of intellectual property joint ventures currencies and all those things. I think you got to buckle and prepare for the long fight because I don't think that's that's something that goes away any time soon. And if you are buckling up and preparing for Canada at a prolonged. Trade skirmish. That's something where if if you think that's common if you think that's what the US should do and you think it's what they are doing between nineteen doesn't look good markets merry. International markets domestic market everywhere interest rate anywhere oil you know there's I was looking at a stat today. And this was published by who is this is from Bloomberg. The percentage. Of countries of the 35 biggest economies in the world. That are growing faster than their one year average for growth. Is now at 16%. Only 16% of countries are now grown faster. Then there one year average for growth a year ago it was in 90%. How do you think China. Will retaliate. But this does there's always to protect our. We arrest one of yours they arrest ten of our site I don't know. In in theory would look for arrests of US you know business people over in China something along those lines by the way I I. Did a quick. Better research it looks like we have about 72000. Americans in China but China but China can also go kind of a symmetric on this I mean they don't have to do the same thing China could say. Okay you took one you know someone involved in the in the you know that the production of you know our our Telecom industry. And they could say you know what we're going to close Apple's license to do business in China at all but you know they can do something like today. That it's counter to what they wanna cup and meet with China's trying to do. Is they want American investment dollars in China. But they're always willing to sacrifice in the short currently pay you and remind me of that and I'd just the it because it's so damaging. To your citizens I say to myself well he can't do that. But there are there there's it's a different political system in China and it is here well it is and and look at it there's give some pretty strong evidence historically. That if China does have the utmost respect for all of its citizens you know and they're right really you know it acted like it and I'm not breaking new ground when I say this so Pannemon square you know it well and you look even know what they're doing Q you know that the wieger minorities out in western China they've Muslim present it they've -- prison camps out there and you know the BBC get a whole thing on it about two weeks ago and it was one of the scariest things I've read just because you know he's thought. We were kind of past status points so. I think there's real questions as to how China is doing an Asian values to say it to Chinese babies that were born or female right. It I mean it's it's. This is something that. You don't know quite how bad this could spiral and it is could be honest or to. You could be you just don't know where this is gonna go oil is down 3% today. OPEC net and I guess they're cutting but they're not cutting nearly as much as had been hoped is that we is that your interest of it that's the that take that I gets and also be the other piece that plays into this as you also had potter announcing earlier this week that they were leaving OPEC cutters a small piece of OPEC very tiny it is but it's symbolic in that very much so. We don't see countries leave open. No it it it doesn't happen and to me and I think it's ever happened as it happened once Indonesia was an OPEC previously. But in terms of you know what it means to me in and kind of Reading between the lines Carter apparently wants closer relations with China in particular. And it sounds like OPEC wasn't quite moving in that direction as rapidly as they wanted. And so we taxes so they could sell there natural gas at the farm with Iran it it sounds like that. And so. You know one of the things that is interesting on this as well as Cotter and Iran did to have a a decent relationship the cutter also did work is somewhat of an intermediary between them and the saudis in terms of trying to keep the peace there. And so now you've got that voice out of OPEC as well cica further new confrontations there. I mean. The Middle East is not a pretty place right now when you look at what's going on in Yemen and their privacy and where that's happened it's this is at Wesley as bad as it's been bundle it's it's now. Go right now. No there's a lot of things weighing on stocks and that is why cook is looking gold golds up today. Gold up four bucks and now yeah but all the equity markets are down and they were down overseas as well. Yet this this is going to have if you end up with doc closes like this you're gonna have all major US indices. Except for I think the NASDAQ might still in the slightly positive for the year but everything else will be in negative territory. Will be watching the market. All morning long if you have questions for us direct them toward text line that would be 63566. I know many viewers probably looking at your portfolios. Deteriorate and value in your saying why should be making some trades sometimes making trades and a down market is the worst thing you can do. Again our text number 63566. My first name it's Barry at the beginning of your text message. By the way one interesting thing that we should talk about maybe after our next Brayton we get the ISM services index up this morning when we get manufacturing earlier this week that was better than expected and services came up better than expected to cut jobs report tomorrow jobs report tomorrow which. If eighty. We'll see you out that that he we don't need that do know you certainly don't we don't. Our coming up will and we'll take a look at in text messages that you say send us and we'll share those with the audience. We're also be looking about whether or not you should do a Roth higher rate conversion. If you wanna do one. You really only have a couple weeks lastly talk about that and much more when we return to the financial exchange. Breaking financial news. The financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network were all trying to think outside the box when it comes to giving gifts for special occasions of this year I'd encourage you to call leader bank you can visit all leader bank locations from Arlington to the seaport in Boston and they've got one ounce and 110 ounce silver and gold bullion coins at all their locations and other precious metals are available on request these types of purchases can be a Smart meaningful investment in addition to being a great gift for someone you love co leader bank today 8776917900. And learn more about its precious metal collection call now and you'll also receive a free brochure which will help you understand all the available options the number is 8776917900. Call right now and get a head start on your holiday shopping the number is 8776917900. Or visit the monoline leader bank dot com for more information. Not a deposit not FDIC insured what insured by any federal government agency not guaranteed by the bank and may go down in value leader bank a step ahead. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain them but you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing and Dolan isn't expert and elder luck and has been helping families of their estate lending 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 Texas fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called 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 everybody it's very Armstrong and I'm joined today by executive vice president from leader bank mr. Jake tool and were talking about this account today. It's called the Zuma rewards account and the thing that really caught my eye on this account is. It's a savings account but sort of a god you guys are providing two point 05%. EPY. On that account how do you do. Yet it's one of our most popular. Retail banking products vary so. It's it checking and savings campaign Oka and if you qualify. You get some great reward so for example you're 2.0 5%. EP wise your savings account up 200000 dollars 100000. You get 1% cash back and all of beard he's suspending your debit card that's good. And you get eight here reimbursements if you use another thing seat him. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly. That instill the benefit of that is that really expands average network yeah he's in need yen. It doesn't have to be leader main core. If you call fights pretty simple yeah yet to have your direct deposit and the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month and center for east Dayton itself. It's it's something that customers would do anyways using right now rightly gets great benefits. And yet two point 05% annual percentage yield on your savings. Try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on bounces up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them online leader bank dot com. It's called Zuma rewards account ZEUGMA. 8776917. B 900. Security suffered through securities America ain't members in red SIPC an advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word batteries to 63566. To send your first and last name and get involved today you're listening to the financial exchange radio network. Stock market sell off continues with the Dow down 480. Points. Here is an opportunity to. For those of you who are losing money in you or hire ray area for a one K accounts and that maybe chuck. The raw fiery conversion you only have a very limited amount of time to do and these conversions. Let's talk about it because I I tell you most people listening state while not eligible in fact you probably are. Yet it effectively unlike hiring contributions which you can do up until tax day Roth IRA conversions have to be done by the end of the year so you've only got 24 days left to really less time than that because no one's really do and anything during the week of Christmas in general. Well I was told by our back office if you wanted to a Roth conversion. You need to have all of the paperwork completed by December 15 and submitted by December 15. If you get it in by then. You're gonna get converted you get it in on the seventeenth there's a pretty good chance a conversion local through. The answer here's how Roth IRA conversion works unlike Roth IRAs where their income limits as to where you can do want you can do a conversion at any income that you want now it doesn't always makes sense too because what you do is you take a traditional IRA or 41 K for a three B any normal pretax retirement account you have which is little worse. Quite a bit less right now than it was 48 hours ago probably down somewhere in the range 10% over the last couple months. And so what you do is you say OK I'm gonna pull money from this traditional IRA. Paid the tax on it today. And move into the raw diary because it will then grow tax free for the rest of your life do I have to change my asset allocation can I continue to own shares of apple and FaceBook. I just a Marie characterizing its not. Hey if you know the exact same thing you don't have to churn the pound note you don't even have to sell what you do you can you would direct conversion of your shares if you wants a you don't even have to be out of the market during this good if you don't want to know here's where it makes sense morning. If you are in a lower tax bracket today than you're going to be in the future. It makes sense to do it's OK so let's say that you're in the 12% tax bracket now. But starting in a couple years you're gonna have pension income coming in and required distributions from your traditional IRA and maybe those are gonna keep you up into the 22% tax bracket. If that's the situation. It probably makes sense to pay some taxes 12% yeah so you can avoid paying 22% down the road. Now witness you know you do wanna be careful to make sure that you're not going up into different tax brackets unintentionally wanna make sure it doesn't negatively impact the tax ability of your Social Security things like guys your Medicare premiums you wanna table talk about that. Well talk about that because that catches a lot of people by surprise you know why is. The investment advisors that are recommending these Roth conversions. Often don't have knowledge as a relates to Medicare part B premiums for deep premiums for that. Yeah and the big thing is right now for next year the part B premiums are going up to a 13550. Per month from 134. That's if you make a 170000. Dollars or less on you're joint tax turn 85000 or less on a single return. But if you go both those thresholds McCain the next rationally and paying a 187 among them but the highest that you can pay actually. Is 42860. A month so. If you sit GH wanna do all this Roth conversion and convert hundreds of thousands of dollars to Roth IRAs. Not only the FB a boatload tax then but you Medicare premiums are also gonna more than triple. Says is not ideal I hears it. My advice to all of you listening to the shore right now. Talk to your investment advisory if they're well versed on this topic. And if they're not or you don't have an investment advisor doctor sepia and I wouldn't use. Somebody for HR block I would go to certified public accountant. And ask that they take into consideration Social Security Medicare part B. Your current income level and what you anticipate your income level to be postage seventy. They should be quite qualified to give you some advice on this topic. I think there's an opportunity I've seen people miss out on the opportunity and it's usually that that the sweet spot chuck. In in my observation. Has been people that are in their sixties. They've left their job. They haven't started collecting Social Security yet they're living on their savings. And they have a lot of money sitting in there forward care the raw diary. Are aired their their 401K plan or their diaries those are the ones prior to age seventy overeat sixty. Where there can be a tremendous savings in terms of your taxes so take a look at it again talk to your advisor. Or talk to your CPA to get the details but I think it's something you might wanna take a look at. Our poll question today is do you have Iraq fiery and participate in our poll. By visiting our web site. It's financial exchange showed dot com financial exchange showed dot com do you have in raw diary are text number of course is 63566. Progressive marry out union contract could have ripple effects that actually the America workers got a pretty good deal for me because we couldn't find out initially you're call. Yet that they ended up getting a pretty good deal here they didn't want to release this at the time they signed it just because there were other negotiations across the country that we're going on San Francisco. But here are some of the things that are included in this. It includes a roughly 20% increase in wages over four and a half years it works out to about a 4% wage hike each year in each of the next worn a half years. A 37%. Increase in pension contributions which is big. Six weeks of paid maternity leave in two weeks for spouses. But the thing that stands out here they get a five year job guarantee for immigrants if they're protected status is revoked. And also a 165. Day advance notice of new technology with mandatory training for workers whose jobs will be affected by it and also protections for housekeepers in the event of assault. That I think they wanted this one. The terrorists a lot of concern about robotics. Taking over these jobs that the pet they failed miserably every time trial. Unity they gave the the housekeepers to win and they have a system for clean and brightens. And it's it's you know you can do at the forget what it is depends on the hotel but it's either you know eater ten rooms today is what they can do in general. The one place that I have seen more technology. Is a number of hotels now. Are allowing UN this is not so much related to housekeeping and but if you go to order room service. You can do a lot of that just via the hotel app and and so instead of having to call and say GM's I want. You just go on you specify it in boom comes right up after that still brought by human it is but. You know the person who previously might have been ten regulars are temporary though that that's actually something it could be isn't. I guess. Oh yeah art you could have a cart to just you know wheels itself around and you know something along those lines I wouldn't be surprised if you see that in dot it. The unit that took the robot you think you're gonna get rid of the Teddy just is it's not from my human. Robots. That are gone now. It's just a robot. You an angry all week yet. You'll be angry already killed everything I ask is Starbucks is going to be ordered on the whole yes they are when would you like your coffee. Well it's are you don't like it he doesn't talk to human when he orders he doesn't and that cracked and wait what's gonna happen news. You're coffee cream lot today expressed Sheen I get a coffee is going to be made by a role model he put on the counter that that's when it's gonna work. Coming up we'll give you a market update. And we'll be talking about trillion that's next on an interruption. Like just on FaceBook and followers on Twitter. Show breaking business news is always first right here on the financial exchange radio network. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain him but he didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing in Dolan is an expert an elder luck. And has been helping families of their estate planning needs for more than thirty years he's written a new guidance on this month called asset protection strategies. 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 time John. 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When he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media 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 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 get your free guide the signs of the stock market correction an 803934001. You worked hard to build a strong portfolio don't let volatility throw you off course 803934001. You can download the -- right now and Armstrong advisory group dot com. Terry suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group 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 hi 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 Zuma businesses that number again is 8776917900. Or visit them online at leader bank dot com. Minimum deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icing. In medieval times sharp says was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. Eighteen missing major ups and downs and stocks but also look there remain concerned about pending bear market you need be ready for one this month the Armstrong advisory group has a new guide and identify several core factors that you should pay attention to that may help position your assets this guide is available right now by calling 803934001. That's 803934001. Or you can download the guide right now and Armstrong advisory group dot com securities are protestors -- incorporated member of the -- DC advisory services are protestors Merck advisors incorporated Barry Armstrong represented at a restaurant about drew mysteries record companies are unaffiliated. Time now for Wall Street watch a look at the market's performance so far today victim Marian jog right here on the financial exchange radio network. It's time now for Wall Street watched brought to you by leader bank it's not too late to get it re. Read on a home mortgage and leader bank specializes. In a wide variety of purchase and refinance loans some of the most competitive rates New England. Cult leader bank today at 8776917900. Or visit leader bank dot com for more information member FDIC. And we're gonna where we stand today right now all markets in the US steel in negative territory in Dallas currently down for 74 S&P down 47 NASDAQ down 95 Russell 2000 also. Down today C get all of the major indices down. And in the S&P every single sectors down as well even. In a safe havens like utilities still off one and a half percent today to where they're ready don't cash. In terms of where people are going it looks like in the bond market you've got a little bit of money move in that direction tenure yields down two point 85. Tucker a lot get them mortgage you know you've you've rates are down any yield is down thirty basis points are. Earlier this week. I was talking to cup is that more than 32 did we are in every fifteen but that we get to 320 voted for again any day yeah. So I was saying earlier this week that it nordic keep housing afloat we needed a hundred basis points on the tenure so we have to get pounded you know 215 to 220s somewhere in that range. You've got a third of the way they are tell him you know in the span of a week and it's it's not quite you know how you'd want to get there expect to know. But bit this is something that he's gonna give housing a little bill life so. It's. The question is is it too little too late and also the timing here that it's coming in mean. One buys houses in December you know you know it's like the volume solo that I don't know that makes a difference but it's. It potentially could get a little bit more activity coming in the first quarter of these rates stay low so this is something that could help out housing. Even if the Fed doesn't make you know any shifts to its plans right now. Now you know one thing that I look at and it's you know we saw ID in march of 2009. Chuck. Was the yield. On the S&P 500 even verses the yield on the ten year treasury dip and at the time. The yield on the S&P 500 this is march of 2009. When I mean the world was coming to an end. And at that point the dividend on the S&P was higher than the yield on ten you're gonna. Stay that way for. Like 45 years I think it even until it was like 2014 when the tenure finally got back above. Right now the S&P dividend yields about one point nine sevenths are still out a percent maybe three quarters of percent below. But it is something just has people sit there and say gee to a wanna get you know. Two point 8% on treasury or 2% on the S&P to have some upside potential you know if as you get compression or the S&P starts to look. More mortgage practices so it does. Unity at some point did valuations get to the point where bargain hunters come in guy like Warren Buffett who says 900 billion in cash you just gotta think of a guy like that. Now we won't know he may be buying today and we won't know for six months toaster absolutely I think you know in terms of where prices stand overall. The forward PE on the S&P 500 for the next twelve months fifteen point six right now. To little bit cheaper than it's been over the last five years little bit more expensive than it's been over the last ten so. I think this is a market right now that when you look at what do you know what it cost to buy into Witten. On the whole it's probably pretty close to fairly valued so it suggests that we're in a market where the market right now is pricing. Things are going to be about how they are today's talk about stagnation. You know everyone's talking about it but the market's not pricing it in now near the this is a market its pricing in a we're gonna pretty much muddle through this and instill be where we are a year from now that's that's what this market is pricing in. If you saw the PE spike up to seventeen then. It would be as you know pretty much to get there yet say OK things are gonna go better than we expected previously. For to go down to fourteen that's restart pricing in hate things are gonna really deteriorated so. The market today what it's pricing in his. Things are about where we we we think they'll be in a year there's still going to be questions but the economy still going to be here's still moving along. But it's not pricing in the and detail and scenario this. Ari the single petroleum they are a robbery they would called in the small craft breweries and I remembered talker would go there on his way home from work on Friday Easton. Pick up news four pack of beer for twenty dollars wireless. A man on the ones sometimes. Its way into work on Tuesday. A it's going to be on one today. But yet they they went through a thing about two or three weeks ago where they were caught the controversy. In terms of they were cutting the pay of some of their workers who were moving from one location to another. Aimed really it just was kind of a PR blunder for a company that really hasn't had a ton of bad PR really any bad PR. During its early years now they've nearly expanded they now have almost 300 employees and so it is a real yet they're so they're bigger company now. They've got more focus on them. And then you kind of think it I don't think of them as a craft brewery at three then please. The still small you know that they're there they're nowhere near the size of any feeling there's there's still lined up by their beer yeah. Did it was going to be and on the day but I am close to the size of like Sam Adams are our own you know. And so are still a lot of demand for their product as it says he had there is but what they're doing is the owners are saying look. We made an autopsy here we're gonna we're gonna try to do right by our employees. And soon they are effective immediately increasing their retail employees wages. Two anywhere between fifteen and eighteen an hour and still giving them the ability to earn tips as well and so it's why they do send goodness of their heart. No if there was ever goodness of their heart they would have done to begin they're doing it because they realized that. Yeah what was going on previously gave them some bad PR especially given the cost there'd be arming you think about it. And he says okay. If I'm paying 24 dollars for four pack so its Xbox can't but what is it exactly 24 dollars when you factor in taxed pretty close elite pay if you but he can I only 22 can you buy when in a bar. I know. And I know this is harmless so someplace they do distribute to some bars but there's not many places that you can get it in they don't do any liquor store distribution at all. Heidi do you get at the you have to go to the breweries. Or that they do distribute to a few bars but there's not a ton that have them be so but you can't go to a liquor stores and that's a power they they hold all the cards there. And I think that the big thing that you it was kind of signaling was OK so I'm paying you twenty bucks for four pac ten. It's gonna take that employee three hours just earned what do you know what it would take to buy their beer. And I I think he was just bad PR from that perspective. And so this just you know makes it so that native people that are working there it just yet they're getting paid more fair. So they're cheapest beer price wise and think it's their stay true is that four point he'll fail yeah. Four pack is fifteen dollars and twenty cents but then if you're looking at the double like PA's yeah. 42 to forty for four yeah actually when you factor in the taxes gets up 24 box. Worth every and it's. There's a real it's delicious. You know we're sitting here on a day it's a Thursday in the Dallas down 494. Point I know you guys are nervous I'm getting emails and seeing text messages come in. Would I do what do I do how to handle this correction in the market. Or talk about the on Monday where rule EB will be the Tuscan. Real in Burlington Massachusetts and you are invited to your nervous investors a novice investor if you haven't seen correction like this before you're just curious. As to our perspective on the market. I'd invite you to join us on Monday. Bad news December with a date tenth tenth thank you. A you can join us by simply making people call you call my office it's 800. 3934001. This event has brought to buy WRKO. And we do these periodically couldn't be more opportune time I don't think we've ever done one with the markets crashed. Knows nothing to do was on the cape. Yet things were a lot better than they were and who is pretty good to prudently get on Monday that I can promise you Tuscan girl. Monday 10 AM we'll do the show from ten to noon and then we'll talk to you. Starting at noon and just share our thoughts and with the market's doing in how you might better take advantage of it. The phone number to join us is 803934001. You know it is requested that you make a reservation 800. 3934. Zeros or one talked about Sears and Kmart for quite some time. Does it look like they survive the holiday season I mean there they're not even selling stuff during Christmas if you can't sell stuff if your retailer. And he can't sell stuff during Christmas when ten. Never is the answer apparently out just a little while ago earlier today the Sears chairman Eddie Lampard. Submitted a four point six billion dollar proposal to try to was CC years. Butts and a lot of Sears creditors is saying look we'd rather go through liquidation. Then try to. You know keep this company afloat in anyway and and sell all too Eddie Lampard so. Not pretty much what he's trying to do. This is an offer that was submitted today was 950 million dollars in cash through a loan facility. A quote credit bid of one point eight billion dollars I would. He wants to. Whitney he he must think I don't buying it I don't think he understands the concept of sunk. Cost him because he really he's poured billions of dollars into this company to begin it hasn't strip it all out another way. Through real state and you know good chunk of it now but it's just there's there's not much they like I don't know what's they are at this point no value so. His people ask me they say hey as Mikey mark and a close and and might what I told people would have been telling the news. I kind of expect the whole thing to implode next year. Like I I don't see them I don't CDs isolated. Kmart in NC years surviving. Because why would you go to one. They if you get a choice to go to yeah tears are Home Depot white and answers when they're having all kinds of trouble with their vendors you're trying to get deliveries incas vendors we do mentally to use would you ship a hundred dishwasher well this year the same look I don't know she's gonna pay us for exactly you know she shipping to home people you know you get paid exactly so I think there's big questions on those kinds of things. And immediately. We kind of always knew this was coming at some point but I think it's it's here now. Is this the beginning of a major correction. Or is it a buying opportunity in the next segment we will be joined by Adam Johnson from bullseye briefed to get his perspective. Buying opportunity or the beginning of a correction 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 a 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 talks 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 invest glass that's to attend a call now and reserve your spot at 803934001. Space is limited so call now in joining Armstrong advisory group and the voice of Boston AM six AB WRKO on Monday December 10 at Tuscan kitchen in Burlington and experience true artisan Italian cuisine and find a location near you at Tuscan brands dot com register now what 803934001. That's 80393400. Securities offered to securities America incorporated members in SA BC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and are two companies are unaffiliated. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain it but you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing and Dolan -- an expert an elder luck and has been helping families with their state claiming needs for more than thirty years he's written a new guidance on this month called asset protection strategy spin it you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like yours with their state planning 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 real estate or property management company -- need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to its real estate clients such as he CH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has -- business bankers that are on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies -- leader bank as their banking partner call 8776917900. Or email -- BO at leader bank dot com for more information member FDIC equal -- one. 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 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 for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. On top of breaking financial news by becoming a member of number of calories per day blog until financial exchange does come in sign up today. Trade wars make investors nervous. We wanted to know whether this is the beginning of a large correction or simply a buying opportunity we're joined by Adam Johnson from bullseye briefed dot com. Been dying to talk to today at a welcome. Thank you touch experience I had I woke up at 230 you know we kind of knew it was going to be an ugly one year and admittedly it I just couldn't falsely that. There's there's a lot that's went on all of us and understandably so yeah. You know. Where he wanna began you know. Start all while when you Burt let's start off with a walk away you have some pretty deep sources. Would what is this is like. This is much worse than you'd just an executive being arrested this is an executive being arrested. For selling American technology to Iran as I understand it. Correct what also curious and actually they're there's several things about this whole story but a quick curious you know is that. There's an it executive was actually arrested in Canada by Canadian authorities at the request. Of the US right so. Bet that's curiosity number one curiosity and therefore question number two is will this. Person CFO of by yahweh be extradited to the US we go though the Chinese of that release are of course. But here's the third component but I find it especially that they. Even though do that this broke last night which is really what that the futures down you know by an. Overnight. The arrest. Occurred on Saturday right. Last Saturday at exactly. The same time the president is she and trump were hammering out their deal need now we remember. Two days later. Give it all the uncertainty about what really happened at dinner the Chinese about the statement that that oh no we really are moving forward in effect we already reached an agreement. On autos agriculture and energy. So you've got out there on the Chinese do that the executive had been arrested at 48 hours earlier this month where they put up a statement. And I put the statement out anyway so I think timing is the key here it's just that the market. Hasn't quite put those pieces of the puzzle together and because the White House has been kind of bomb on the whole thing we don't really now. Is it your impression. That the Chinese recognize that intellectual property theft is a problem. They did they they it's almost as if thievery is okay and China EA you've got to want it we're gonna steal. Let let's define it eatery because you know. Very different Devin actions depending upon we talked. Well lets you know America semiconductors and not that's the case that right American semiconductor. Be the steal technology. From a Massachusetts based company stripped the company bounded to negligible value. And then re license it in in in China mean how much more clear as they get the nine. You see what they hit the figured out in China is that we here in the US. Know a lot more about this that the native and so they also know that. We here in the US wanna do business with them in China. So what they have that is okay fine America that you wanna do business here in China Whittier semiconductor company a tractor producer or anybody else. You have to setup based peppers subsidiary in China. And heavy Chinese joint venture partner okay. Now because effectively that joint venture partner is. Part of the American company that would venture partner has access to all the Americans are now. So when we talk about healing it's not as though you know there's espionage going on here in Manila folders of. While the whole lot about it and I. Enemies you know eighty year old network Bloomberg. Has reported. Bet there are Chinese soldiers. Attending American universities as spies and mean that how much like how many examples of intellectual property theft we have to point out I mean that's. That that's blatant yet military personnel from China and American universities. And what he think he US military's doing with all of these hypocrites now. He could do in the cynically game is played now. So I mean it how he wanted to find. And I'm not a particularly. On of the fact. The Chinese does that does that structurally well and that's really I think what mr. trump is getting yet he wants to shut that don't want to say we want our American companies. To be the go to China as American companies and over the Chinese and we don't wanna have this. Joint venture being anymore where you're gonna buy an off our information that's really and that's the most egregious. Affront here and I don't think any of us in America appreciate that the problem is. Trying to get. The Chinese to trade changed this. Structurally you didn't really hurt him and so what mr. trump is doing is pushing on every single button. And making all of us can remember I want 46. Companies right now including some Chinese companies like Ali ballot without you making all the very uncomfortable. I think the strategy is that he can but but as part of a he might. Might get the Chinese to budget even if they only give a view which is that'll be better than not giving anything at all that would fixed. Extremely uncomfortable right now but we may actually be achieved progress. Again for bed just get will get worse before it gets better. Today is any indication. Yeah. It may very well get get worse and yet. Again remember the timing of this bull by the news came out. Overnight but the arrest happened back on Saturday and then eat Chinese. Response. It was actually you know. Suggested a compromise in the boat now we need some clarity on what really going on and it only get back where he. Everybody is spelling before you know they get cancer which is understandable for free yeah they are they are good you know and just look at all the red. Now doesn't take long dull your statements if you don't have a bad weekend Adam thank you very much for joining us we appreciate your time. That was Adam Johnson from bullseye brief dot com to post is picks every Sunday. It's very shocked and Tucker come on back to you with an analysis of the Beige Book report that came out yesterday. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. That's 8776917900. Or visit leader banks 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 assets that you worked so hard to attain an a 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 elder luck. And has been helping families of their estate planning needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Bennett you'll learn how to protect your assets kicked him in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like 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 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who 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 MLS armor 449250. Subject to credit approval leader bank a step ahead. The money matters radio network WB MW 11:20 AM and W 275 CM FM good Boston the money matters radio network. Fights chuck and Mike from the financial exchange we're talking today. About the signs of a stock market correction with market volatility up significantly since the start of October. It is something that is on the minds of many investors and Mike one of the questions that I think people have today is is this. 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 B dot com bubble back in 2000 deceit. Had just how overvalued stocks are in now compared to times in the past. In it doesn't necessarily mean that things ballpark today or tomorrow but it is just another data point that you have to be aware of there as he goes through. 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 downloaded 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 for the 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 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. 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 while 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 this guys available right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility three off course 803934001. You can download the guide right now and 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. 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 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 -- 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 represented if 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 provided decent return and if you're in the market for one I've got to deal that you're gonna wanna check out -- this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at leader bank dot com. Minimum deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings were subject to change without notice leader bank a step ahead member of the RC. And me. This is the financial exchange with Barry Armstrong and showed sound. You're exclusive look at business and financial news affecting your day your city your. World and stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. Canadian authorities arrested CFO of while away technologies at American's request. And that news which broke last night. Is rattling the market despite the fact that we got some pretty good news out of the Fed's Beige Book hi everybody it's very sharp with you here. It is a Thursday and some of a gun if we're not down another 600 points on the Dow. Yeah an update on that this is from a the one of the major Chinese on news sources on this a quote from while way. Saying that they will not change their ties with their partners for the United States. Because of this action that was taken. Will not change their ties so pretty much they're saying we're still gonna do business with Iran. Is that American technology that the zone tour wrong it will and they're using him technology made in the US and manufacture that technology to sell in two. Iran it's it's not good you've got as of today. Also just some trading information that I'm updating just and viewpoints and great stuff on Twitter this is all for mach Karl Tanzania from CNBC and 63 new stocks hitting 52 week lows today and so continued sell off and and you're talking across the board by the way. GE with another 52 week low it seems like there's a new one of those every day at this point we had some 25 or 725 rate I guess a 724. Actually we got down to 715 today so. You know we're we're kind of Steve this is the kind of company that people are just gonna destiny because they're gonna say one not even sure they're gonna survive Simon is right sell shares if somebody dumb enough to buy them. So you know you've got a whole bunch of by negatives here despite that a political couple whole account few companies that are still boosting dividends at this time not dear boosted their dividend today and MasterCard and also. Interestingly enough hoping group homemaker from or home builder is out also increasing. Their dividend today as well see guts and interest in things that are kind of moving around there. I'm looking to see the press. And and does not helping the markets by the end of his comments are meaty York and all the X you know one day says we've got to deal with China lo prison G were best buddies BF thefts. In the next days sale on terror man you know elected just. Now you've got it's a is it it's. Wrong to ask the president to be quiet for a little while it's so I actually go back in force on us okay in nets. One of the things that Ronald Reagan did successfully when was he confused the heck out of the Russians in that they didn't. Really know what to expect when they thought he was nuts well. And in and look he was someone he said look the sector he got any fired up all these US nuke plants start producing weapons grade plutonium. And the Russians in the sand. Discussed in a box like this guy is going to bombs and that's part of the reason why he was able to put pressure on near the Soviets at that time. In order to effectively get closer to the end of the Cold War. So there's something to be said for being unpredictable then. But there's also something be said for recognizing when you're close to scoring a touchdown and you just need to be quiet and let things play out. And if what we got over the weekend was any indication it's it there was a deal to be made it probably wouldn't include the big things the US wants. And maybe that's what the presence pushing back on now is hand want more. But the problem is he sits with the G. And they get along and have some good conversations. In any goes back to his hotel and he's got Navarro and light Kaiser. Reid and Anderson well it and I think the big thing and in any negotiation the way that I tend to view it is. Privately. That's where you drive your hard bargain because that like it's out of the spotlight and people can give and take there. But when you embarrass someone publicly which is exactly what Twitter does twitters the most public. The worm in the world now and when you do it publicly. It makes it hard to get a deal done because someone says GM bill looked out of by you know agree on this. And I'd I just think there's you know it's tough to get a deal done when you're embarrassed publicly. At any rate that. Executive was Kathy Maine she's the daughter of the founder the founders are very powerful Chinese officials. I don't know where this goes but the news broke last night despite the fact that she was actually arrested on Saturday she has not been extradited to the United States from all we know. And by the way this market continues. It's free fall now with the Dow off 640. Points they NASDAQ off 131 S&P off 62. You have Rudy Gay because you get the jobs report tomorrow Mena that I would expect I don't think jobs matter right now. Now jumped backwards looking you know it's right you know it's it I think the cases look if there's a new front its opening up in this trade near a dispute which is. Now border I mean when you're starting to arrest people like you bordering on full full out trade war at this. So you know this is the kind of thing where did the jobs report comes out tomorrow but it might not matter as much as it normally does just because this is the kind of thing that if if there's any meaningful shift in narrative here from where it was previously. The last three months don't matter. You know like this could be an inflection point Beige Book said that the labor markets tighten it and we got bad news yesterday. Yep pretty much what you're seeing here is that that the Beige Book is something that's put out by the Federal Reserve each of their twelve districts give a report on what's going on inside the district as far as economic activity. They refer to something called ghosting Tucker V ever heard of that ghosting now. Ghosting is where. What a lot of people do it and when they go to parties and just leave but ghosting and yet in this instances. You work for company. And Wendy just social appear shift. And you quit and you change your phone number and leave and then they just can't find you anymore you interest and that's that's becoming a major. Problem for employers is people are just quitting their jobs no notification that that's a problem. What's wrong part there's a basic manners slide it Betty it's it just. I've never seen anything like that in debate report Nellie gives is not normally the kind of big debate that they talk about if I was an Amazon worker I would ghost take away. They had 54 workers that became sick. And one is in critical condition. After can of bear repellent I did you did you know there was such a thing is bear repellent. Doesn't surprise me. Really time I guess other terror. Onto my father was a big bear hunter. Yep he is he goes every ethnic its effort when bears' season is I think it's in October. But he goes every October and Il upstate New Hampshire main. And did they actually get from the old the New England confectionery factory they would get all of the the waste pretty much from there all that you discard sugar and everything that's what they use bear it Gillick 800 pounds this style of getting loaded up in the back to their pickup trucks and can't take it up there. And so I would imagine he knows about bear repellent but. Get this this is kind of a problem yet 54 workers that retreated. Because apparently. It was it in aerosol can that really we tell humans after it fell. And the fact if 54 workers gets it either means the stuff is really potent. Kirby this was the biggest can't bear repel you've ever seen from it doesn't cause like severe like reading issues yet the idea problems breathing Bernie and I know two Russian. Was it true that a robot was caring the tan too. I don't know the robot gets sick I've fodder that I heard that the robot I believe it's healthy the the chemical that's in there repelled by the way is the it's the chemical that makes hot peppers spicy and it's pretty much like pepper sprays what it sounds like this a bear repellent is so. It sounds like now these employees all pretty much got pepper sprayed. But really strong peppers who was a apparently it was a robot in the Amazon warehouse that punctured the bear spray tan exe act hole so we're starting for us just start they're coming forces at the starting rigorous say oh it's an accident no they're coming for us started here December 5 two. 2000 the eighteen whatever date it is. Have you ever wondered. What state. People moved to. Right ye hear about the exodus from some bar New England states Connecticut being one. Rhode Island being another we're going. Let turns out they're going to Florida Florida. Is the number one destination among home buyers who were looking to move across state lines is according to a new analysis that was done by letting Lending Tree. All told twelve point 4% of all mortgage requests made by out of state. Movers were for homes in Florida Anthony's. Yeah outs and when you adjust by population size South Carolina. Is the only state that's ahead but just Fortis so big. With the number residents and obviously it's you know overall and area and so forth that it picks up the most mortgages from people out of state trying to move being. Other states that saw the greatest influx of residents not adjusting for population include Texas. California. Washington. Arizona. Massachusetts. I'm surprised by that and North Carolina Massachusetts the only New England stayed on the island and I think it's for different reasons than Florida I would imagine Massachusetts is largely for people moving in for job related reason swears Florida is probably a combination of job related and retirement related reasons. In only twenty states with the top destination not a bordering state and for thirteen of those states Florida it was the most popular location. Among out of state movers we think it is retirees. And the fact that I have to pay state income tax them. Then there's a lot of jobs in the Miami area as well yeah BO mean there's a lot of like good jobs down that way. The Tampa is saint Pete area has grown like a well you did this point I'll tell you that much on the stickiest states as far as the smallest percentage of residents who want to move somewhere else from Texas only six point 6% of people saying hey we wanna get out of state. Michigan and Florida so people once they get to Florida they don't often leave. Been very sticky what do you think the worst states are in the country for driving. Rhode Island Rhode Island and that's a Rhode Island. We'll talk about it when we return we're gonna be joined by Adrian are Jersey from Bankrate dot com new Jersey's tough. And they're gonna talk to us about Adrian we'll talk to us about the best and worst driver states. In the country and will focus primarily on Florida and New England that's next on the financial exchange. Business news is constantly break. And we're here to break it down and show what it means to your portfolio gives the financial exchange with Barry Armstrong and -- soda on the financial exchange radio network. The market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. Here is our with the securities America incorporated members in SA BC and advisory service is our 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 them 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 planning 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 guy called passive protection strategies at 8668485699. That's 8668485699. Or you can download the guide right now from our web -- 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 slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. -- 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 -- MLS -- -- Subject to credit approval -- -- a step ahead when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media 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 -- this month that's designed to help you understand the major factors that can lead to a significant market correction to guide identifies 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 guy is available right now by calling 803934001. Take -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't -- volatility throw you off course 803934001. You can download the -- right now and Armstrong advisory group dot -- Terri 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. Greg here on the financial exchange radio network. Wouldn't. We'll joining us now to look at the best and worst states for drivers as Adrian Garcia from Bankrate dot com and Adrian it's good to good to have Leon here today. Thank you but be injured I wanna start off with the worst states just because. Those the ones that really get us all excited to get our blood boiling a little bit. Our producer Tucker and I'd just before the break we did you know we are saying it what do the worst states that it seemed like to drive and and we had said Rhode Island in New Jersey I'm curious where they may rank on your list of worst states to drive him. At that but because they're kind of put on the money they are at the bottom and prevent it which Mitch and his numbers that event and pitchers the number or worst of all it is and it's a lot of people can predict bested California. That's followed by quiet Connecticut and Connecticut. What what goes into these rankings what's the methodology for ranking estate good or bad. There have been critical looked at these factors basically at number one was tossed the look at what people are paying literature and gas prices and did not. Number two is right equality we looked at road conditions. And to commute time and lastly we were depicted it it's very important. It looked at prospect and vehicle that. And so what when we take a look at the best states where they tend to be there any any Constance as far as you know geographically the types of states that the best states for driving tend to be and. The destitute for driving tend to be in the middle of the country. Places like North Dakota tick in the number one spot. Bought by Iowa and Ohio. Some of these places like Nebraska which is also on the top ten. To have less people and to the road reluctant justice for those but those present and ticket let it buckled to the that may be helping them but it is required so a lot of press about it the public. When we talk about the the worst states to drive in the worst overall was California. Which got the worst overall score that I saw in terms of driving quality. It was I believe the worst score as well for cost. In safety was pretty far down on the bottom as well to California really good with anything related to driving. What are the things that stood out on a state that was close to the bottom was Florida where the driving quality was kinda middle of the road. But cost and safety both had negative scores what was the case there. But it. We've looked so we waited it wants to have a radio on. Wrote condition and the current constant fixing let go to a new cases were wrote condition was a lot worse. Eat those were brought the brought it down but it it would it would California which mentioned. 44 part of their road toward port condition. This that it depict percent at the national average of 22. We're doing is beyond New England states tend to rank as far as I know Rhode islands obviously near the bottom of the list but any other New England states that stand out either good or bad. New England tended to be torn. The bottom half of the states. It's not too bad that over also the kind of middle attack just Portugal or particulate at places like. Massachusetts. That's is used to have to hire two times in California. And twenty diabetic the and actually wrote it six minutes not much of a difference but it just interest if they like that. Having a better return to or that California. Good Adrian thanks for joining us today we appreciate it. Adrian Garcia from Bankrate dot com talking at the best in worst states for tracts what do you think Florida and he gave the population growth is. Just too fast to handle the in the infrastructure can't handle the population growth. They've written poorly for cost as well I know one of the big things in fort insurance costs are very high in Florida senators are yes that's it that's a negative. For for the state of Florida there you know gas costs a thicker kind of middle of the road in general. No pun intended but it's it's really lose insurance costs that tend to be significantly higher I've seen a lot of estimates that say the cost of car insurance in Florida can be anywhere from 25 to 40% higher than in other states. Trivia is brought to you by the Armstrong advisory group with the stock markets still volatile and holy cow markets are down 700 points right now. Now is a great time to review your portfolio call 803934001. And set up you're free no obligation consultation that's 800. 3934001. And the way we play trivia easy text the correct answer to us and Lois will select a winner. The winner will receive a fifty dollar gasoline card. Let's see on this day in the year 1884. At the construction of the Washington monument was officially completed. We will be asking trivia questions about the Washington monument. From 1884 total 1889. The Washington monument was the tallest structure in the world until it was overtaken. By what iconic structure so what became larger taller than the Washington monument is this in the US. Globally globally all around the globe from parent parent. And again you Texas the answer my text number here in the studio 63566. You do need to put my first name it's Berry. At the beginning of your text message. BAA RRY. In the in the correct answer to the question which was from 1984 until 1889 the Washington monument was the tallest structure in the world. Until it was overtaken. By what iconic structure somewhere else in the world. Again tech's number is 63566. Here's some good news on a day when the Dow's down 700 points world food prices fall to the lowest in more than two years. Yahoo! bad news here. Armor that's it it is an in this is largely related to the fact that at least recently. We haven't had many bad harvester bad seasons for notre kinds of produced no droughts. A couple years back remember there's problems with pigs and cows in the US where you were working the numbers that we wanted. Those problems of largely abated at this point. And so. With things coming along pretty well for most farmers you've got lower price is now in OK that's something it's tough if you're farmer. But prices are down a little bit. From the last couple of months and so you're getting you know will it cost savings on through. It's not necessarily offset you know increasing costs and other areas like health care which continues to go up be noted. It's seemingly never ending spiral in education continues to go up in cost but. Certainly some good news at least seeing some cheaper costs for food. Shares of apple some suppliers in Asia took a beating on the back of Taiwanese lens maker reporting in more than 25%. Year on year decline in its November revenue. And that would be an indication that iPhone sales are on the decline. Yeah there's a lens maker in Taiwan called up Peggy Tron. That reported these numbers and pretty much. They are starting to shift a lot of their production around as well due to. These terrorists that the US is put in place on China and so they also have some increased costs due to trying to move to different factories in different locations so there's shares Rauf about 5% but. Erickson continued concern about. IPhone sales over the next cycle for the next six to nine mile. So I think. Dallas off 761. Points the NASDAQ is down 170. Points. We'll keep an eye on stocks for the next thirty minutes it's buried truck from the funny to exchange. The financial exchanges alive on FaceBook so make sure to like your page and watched the guys break down the latest on the markets every day beginning at ten on the financial exchange radio network. There are many benefits to early estate planning among them keeping your assets under probate and protecting them from the nursing home but did you know did you also might be able to eliminate your state taxes tablets -- coast of illegal exchange radio show and senior partner with the law firm of Cushing in 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 guide that was show you how to increase your beneficiaries inheritance by decreasing your state taxes and in some cases eliminating those taxes but -- 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 passive protection strategies at 8668485699. -- time limit team at Cushing and -- help your family the way they've helped so many others Khalid 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. In medieval times sharp says 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. Used 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'd encourage you to call Peter bank the bank you ask why would call bank for Christmas gift well first because your Smart person and second you've heard me talk about Peter banks incredible assortment of precious medals tied this is very Armstrong you can visit all leader bank locations from Arlington to the seaport in Boston they've got one ounce and 110 of an ounce silver and gold bullion coins at all of their locations and other precious metals are available. Upon request these types of purchases can be Smart meaningful investment in addition to being a great gift for someone you love cult leader bank today at 8776917900. And learn more about its precious metal collection that's 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency cannot guarantee by the bank and may go down in value leader back a step ahead this is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Wednesday with zero -- banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more -- -- 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 dogs he -- -- meant to learn more or call 7816418691. Hi this is chuck and Mike from the financial exchange with volatility up over the course of October and November. One of the big questions of people have is how much worse could the stock market correction get Mike. Simpson issues that are out there one that's really been in the news heightened trade tensions what what's the latest on what we're seeing in trade. Yeah absolutely I mean certainly nothing has. That said we started to wrap ups and negotiations with Canada Mexico. A lot of negotiations with Europe have pretty much been dealt with. And it 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 he 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 to. Folks the guy that's available this month is titled the signs of a stock market correction in this volatile market gives some things to look at try to figure out what's coming next. It's free to get in all you have to do to get it is call 800. 393. 4001. That number again is 80393. 4001. Or you can also download it at Armstrong advisory dot com once again that is Armstrong advisory. Dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you missed any part of today's show not to worry for the financial exchange showed dot com and click listen. Then click on demand and catch up on every segment you'll also find podcasts of all of our poll shows just punch of that listen button had financial exchange showed does come. The Eiffel Tower was completed in 1889. In preparation for the world's fair. And measures to 1063. Feet to the tip. While the Washington monument measures only 555. Feet to the. And the winner on this question was Jeff from Centerville and Jeff is taking home a fifty dollar gas card today in tribute today is brought to you. By the Armstrong advisory group with markets still volatile. Now's a great time for review of your portfolio call 803934001. Instead of beer free no obligation consultation day that's 80393. Or zero she won the French government. Is weighing whether to reinstate. A wealth tax eight key demand of the yellow vest protesters who accused president. Emanuel my chrome of favoring the rich over the working class. The. In the world. Born in and they're trying to figure had a bit to the post tax because they're trying to figure how to pay for all the stuff that they promised to their people and they give everything to social per. And so what they've done when the chrome took office was they got rid of this wealth tax that stemmed from. The mid 1980s. In the replaced it with a tax on household with a real state that was valid more than one point three million euros and so the goal. Was to get people to invest their money in stocks and bonds because if you're gonna tax real state effectively you're saying yet get their money into the stock and bond market. Which by the way implicitly is the of the French government saying hey we need people to support our stock and bond market so you know that's another topic for another day though. So what they're talking about doing now is reinstating. This wealth tax to try to stem this wave of populism that is new re reason in France over the last six months. I don't think it really makes difference I don't think that it's it's something that is going to placate people who are you upset that did it's it's not. No they're well they're planning more protests. For Saturday and the protests so far. While they're not violent they are extremely disruptive and destructive to of of tourism. And in I think the the other big thing to keep in mind that was the difference. I went in October but I'll tell you what my boy Leo that's what's cool in April at signal thanks the other big thing to keep in mind on this. This doesn't address the problems that the French people have no okay which is our companies are paying us and off but it is same problems that we're seeing in the US by the way. Companies are paying the average working person and off. And they feel like they've been left behind over the last decade it's your same stuff point nobody the difference over the years. You try to unwind some of these social programs. It once you've created them you can't get rid of the way. You it's that. They are between a rock and a hard place I don't know what pat is pat how it looks like for France is no I don't know it's a plus one now. He if it will be shifting to watch. A new birth control jail that men rub on their shoulders once a day is being tested in the United States. This sounds like a recipe for disaster they it's a jail. That you put on your shoulders. Mean in order to inhibit your natural testosterone. Production. That is just the stories. And I know I'm not brokers about which part. Well. What did you not read that part no weird you see that Byron Byron takes about 812 weeks to become fully effective. Yes you do yeah look at that soon. I'm sorry you leave your shirt on you during sex you're advised to Wear shirt because apparently the gel contains male sex hormones that you don't want. Getting on to a woman all right. So where those shirts. CSI and up for this gel and Ali Tucker you might need some news not wearing jackets. It is that found a story I thought I'd share news kind of guy am paid the Havoc as the shoulders you could technically Wear a blazer probably my. I I rural encourage you not to grab a pencil and paper. You guys actually you being the when he was nine your friends own homes. And leader bank is giving away what's called a residential. Mortgage survival. Guide. And Tucker you've got to get one of these it talks about the importance of getting a pre approval but it would Wear this guide is particularly beneficial. Is it talks you about what commitment are you making when you sign that purchase and sale agreement. It examines and defines for you the mortgage process could you've never done it before. You don't know what the mortgage process is likely to require documentation this guide will tell you. Everything that the bank is going to require. In terms of documentation. In order for you to get a mortgage I remember chuck you were caught by surprise by this'll when you when you went through the mortgage process. You were extremely frustrated that there was a lot of that I know now you know the end it's in the guide the guide. The end and again they it's called the residential mortgage survival guide I would encourage those of you who had children. That have not bought a house yet to call get the guy is what they'll do your children. Will do my children did they said we'll dad what do I do about this in fact that matters it was different when I bought my house you know write about my house twenty years ago and down the whole thing has changed. It talks about mortgage approval closing disclosures. Is a lot of information in this guide if you got adult children. Who are about to buy a house or if you have not purchased your first home yet this is a must read and to give you the phone number to call. To receive the guide it is 877. 691. 7900. It's called the residential. Mortgage survival guide. Tell them that very Armstrong said he could call and receive a copy of it they'll mail to you the phone number again. 8776917. B 900 it's very helpful for those of you. Who have adult children who have bought a house that or if you haven't bought a house. And all eight in the last 120 years in your about to buy what you should read 12. 8776917900. We know yesterday. Launched their first driver less car service in theaters. As promised. And it's a pilot program that is not available right now just a 400 Phoenix area residents who have signed up to help test driving our cars in their neighborhoods. Would you do. Aaliyah and in their interest we have seen how humans drive we we were not good like where were bad actually. But today you're gonna be testing this in a pilot program 400 people. They haven't said exactly how long it's going to remain in that pilot but my guess is three to six months in this small group and then they're gonna gradually roll out from there. And gradually expand the amount of places you can go and so forced. But it's at the moment these are still gonna have safety drivers you know seated in the vehicle but they're expecting to get rid of those in the near future. But it's. It's here. It's here one of the. Casualties. Many of the casualties of the potential trade war that we're entering into. Is the automobile sector you know he saw General Motors lay off 151000 workers they attribute much of that to the trade war Ford is doing something similar. Now you've got two other American manufacturing facilities bull bull and BMW. Think about doing the same thing because they want to export do wanna manufacture them these cars. In the United States and the one shipment to China for sale well that's gonna be impossible there's a trade will get that. That was the goal for a lot of these companies BMW in particular was trying to while roll out this model where they use the US really is a distribution centers try to sell in two. Other markets. But it's at a counter intuitive as they you'd think well if you know Salman China where would you just make a veteran. Yet it is how they might that they they might have to do now at this point in so. You've got some real questions your Volvo actually. Also saying hey we have dispute plant in Charleston that we've built that we wanted to use for bunch of exports now announcer for going to be able to. And so we need to figure out you know what we're going to do was far as this Charleston plant in a do we still keep open at the same schedule do we still buoyant make the same cars there. So we it's it's forcing companies to rethink their supply chain significantly on this. And in the auto industry that takes a long time five years you know it's it's not hearing from time he start he said OK I'm gonna build the facility in South Carolina. The pulling your permits and actually get that thing up and running. Yeah it's you know this this is the kind of stuff that damages the auto industry because it can't it doesn't hurt that quickly. You know it's it's a long cycle so may be contributing factor as to why the stock market is declining in the market's decline has not abated we will give you full update when we return to the financial exchange. The financial exchange. All over Italy England and also now in West Palm Beach, Florida. Check out our website at financial exchange showed dot com and find the station closest to you. This is the financial exchange radio network. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain. 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 would Thursday blaming needs for more than thirty years he's written a new guidance of 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 Texas fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. 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 a stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. He's offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are unaffiliated. Earl trying to think outside the box when it comes to giving gifts for special occasions so this year I encourage you to call Peter bank the bank you ask why would call bank for Christmas 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 at 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank in May go down in value -- back a step ahead when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media or some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide at this month that's designed to help you understand the major factors that can lead to a significant market correction to -- 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 -- 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 in the stock market correction an 803934001. You work hard to build a strong portfolio don't -- volatility throw you off course 803934001. You can download the -- right now and Armstrong advisory group dot com. 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. Security suffered two securities America team members finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated the markets are still volatile. Get your weekly monthly recap about becoming a member of berries brigades music financial exchange showed Judd come and sign up today. Stocks are continuing to sell off junk that got about a 621. Point because. Client yeah now. I've got oil trading down a dollar 96 per barrel it. 5093. And I've got the temple count since tenure tertiary aspect to 84. Great what do you think the Fed does say it gives the Fed it was if this continues I can't see the Fed cutting next that are raising rates this month well here's the thing that the Fed is not beholden to the stock market. Now as much as I want the Fed to be beholden the stock market personally I realize it's not good if they are because it distorts things in ways that you make. It make it pretty unfair for an awful lot of people. I will say right now if you go back a week. There was an 83%. Chance that the Fed was gonna hike at their December 19 meeting two weeks from yesterday when we can compare today. It is now down to a 69 point 8% chance to pretty good likelihood. It is but if someone told you there's a one in three chance that you get on a plane and you die and you wouldn't get on the plane. Markets are now pricing and there's a one in three chance that the Fed is not going to hike. How much how important is it jobs report tomorrow. I don't know if it's as important as I thought it was going to be and the reason why is because this whole thing that's going on with the while way CFO being arrests in Canada and has completely changed the calculus as far as what's important. Just because. First for me that there's three big things that loom out there that make me nervous to keep me up that actually to keep me up at night. It's is the Fed can make a mistake as far as you know that the path of their hikes. Internationally is the US China trade group VO dispute gonna continue to escalate. And the third is does Europe blow itself to pieces trying to figure out how to be a save the Euro. The big question that I have now is on that US China won because. If the calculus changes there which yesterday may have changed I don't know if it has yet but he could of this this could be a big shift based on what we saw with that arrest him. If that changes. The Fed doesn't really matter because that's gonna make things work like. The Fed while that the trade war will slow the economy down you'll need to raise interest rates to do what that the Fed could cut rates to zero. And it wouldn't matter in the event that you have a full fledged US China trade him if it's it's that big of an issue that if it went to the point where we say yep we're gonna do 25% tariffs on all your goods in China than says OK now we're being devaluing our currency. If you get into that situation. Doesn't matter what the Fed does things are going down anyways so this has now become the most important thing and that's why markets I think are selling off a little bit is. Look there recognizing. That paved we don't quite know what's going on with this situation with the always CFO. But it gives and other potential wait for things to escalate in if it dollars and. It does not look good and the difficulty is for those of you who are looking for buying opportunity. There's a lot of unknowns out there. We've seen yourself okay should I be buying the Dow's 24000. Should I be buying well. On one level you look at the fundamentals. Can you say GA you know valuations are startled pretty attractive Brady there are stocks that I followed insane point. All the sudden that stock looks pretty darn attractive from a by standpoint good dividend yield on its strong business good moat. And then you say salvia but if we go into a trade war you know how how low can this go. Will it in the bank that tell people who were thinking about buying on a daily this announcing do work Dalton but. If you let's say that you have a thousand dollars that you want to invest if you put all that thousand dollars in today. You're saying with a 100% conviction that this is his blows it's gonna go this is the best deal you think you're gonna get so I'm not saying don't invest today. But discount the fact that you probably don't know where things are gonna go so. If you sit and it doesn't matter fear if if you're put money in your 401K plan or doesn't matter and it and I just benefit twenty years it doesn't matter no but but if you ever think if you have you know a thousand bucks just sitting in a brokerage account you're saying gee do I put it all in today. The only way you put it all in today's if you say I know this is the bottom otherwise you say hey maybe a put 25% today 25% neck you know. You average in because the fact is you don't know where this is gonna go because get better could get. Horse OK but how the president will respond to this. Because he's had a burgeoning stock market. Since the news. Isn't rated the stock market since November 12. It's been awhile. We've got a little midday recovery happening it could be a dead cat bounce but we're now only down 589 and the Dow we're on 751 points so they've got a little bit of a recovery happen intra day. I don't know that means anything is there still. A long way to go here I mean this is something where. Again I think this this China issued now has to be front and center again we had yet talks of positive momentum and that. That hold narrative has just been shattered here and that's what markets are trying to figure out at the moment is they're trying to figure out what is the new direction for China talks. And I think. What what we hear out of both the White House and out of Beijing over the next week. Is gonna be really important in terms determining the direction this market takes for the next three weeks Y one week communities are ninety detox the ninety day talks but. The immediate signals now are going to be like again we know that we're not really gonna see anything happening at the end of the year note was negotiating during Christmas is simply it's not happened to price got. You've got the rest of this week and then two more weeks and then they're done so it's what are you gonna signal over the next couple weeks as far as how things are gonna be approached in 2019 that that's what I'm trying to glean from. And if both sides come out and say if if China comes and says hey we're not doing any negotiating until we get. You know our person back in at the US says he is a separate issue we're not negotiating with the on this. No. It doesn't seem to problems as China doesn't think there's anything wrong with what they're doing now they don't. The neatest looking at it and saying hey you know this week steal stuff and get used to it personally if I were US company and it would raise real questions as to whether or not I do business in China which got me waned at Starbucks right. What an intellectual property they really have to make coffee and over they have a lot of operation they make a lot of money or no but like what would what's that like it there's nothing proprietary really you know it's okay we nothing that gave the Chinese could learn by coming over here you know it's you know it's like there's nothing there's no secret sauce no pun intend it's like OK like I do like to be an American. I. It would be a spooky time again I'd I just that I I would not if I had a son. Living in China I'd be having serious conversations with him saying hey it's time to come hole. It we have the there's over and in the in 2000 and tendon which is last that I could catch. Was there are 72000. Americans living in China. Yeah it it would be a spooky time right now I think just is you you don't there's about three and a half million Chinese people living in the unit it's just don't know what this means yet. You know it it's just that that the whole thing it's just we don't know how they're going to respond and that this is currently the what works see experiencing. Now I hope people understand. This is the type of warfare. That country's. Participated could you can't have a shooting war China and the United States know that they cannot possibly have shooting more now. Same thing with China and Russia Russia and the united state too much state if the DC into the world. There in everybody's Capel all the others half a dozen countries that are capable of ending world. So docket dilution worse of this is the type of warfare and in experience for the next fifty years is going to be economic work there. It's not pretty. Dow down here is good news today Dow was down 750 points and now it's only down 598. Points. Those of you were looking for a window to refinance your home you might want to call your mortgage broker today because. The ten year treasury is at two point 83%. When thank you all for tuning into the financial exchange is very shocked and Tucker signing off for today but will be back tomorrow with another day.