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Full Show 12-12-18

Dec 12, 2018|

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This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. My feeling is Groundhog Day every day the market starts in positive territory and then. I don't know investors get nervous during the courses day in stock selloff today is no different than Dow up 255. Points. This largely on reports that China is were preparing to increase access. For foreign companies hi everybody is very truck with you here to Wednesday morning. And same old animal. Yeah you know it's really get all these. In different pieces that are published every day about you know here's the latest in China train talks here's what's going on. And to me it's all well and good but it doesn't really mean anything until a something assigned NB action is actually taken because talking these negotiations is pretty cheap it's one thing to say. Oh yeah we wanna open up access thinker. Now for about China opening up access for the last decade ago. Did they have a really net. Dumb idea but they've never had to deal with a guy like trapeze and Navarro and like Kaiser I mean it did it to me in a Kurt you know we we made just differ on this but. It looks to me. Like China is back in down here. I don't think we've seen anything concrete yet no I agree and I know them as far as I don't federal Christ I don't trust them any more than a that I trust beards but. The the bite point news. That you know China's coming out insane while we're gonna reduce the cart terror from 40% to 15% but they were at fifteen before him and that's not reducing tariffs that's. Go back to where you were before they're back and off the intellectual property maybe they're bringing that up he thought they would easy they're coming out and saying well we may not force all these American companies to. You know give us their technology and what concrete steps have they taken at this point not wildly gonna talk yet you know start somewhere and I I'm not. I don't care about talks about them like the only thing that matters here is action movement and to this point. We haven't seen any. I like you know it's it's all a negotiation. And it Ed I tend to agree with you in the sense that it's it's a lot of chatter. But it's chatter at least chopped in the right direction six months ago these guys are thrown. Angered me to teach. They still may in the future I mean it until we see what these plans actually are keep in mind GGG. Jing ping is made in China 20/20 five plan. It's one of his two signature initiatives the other being the one built one road initiative at their building try to increase trade to route near the region and so when I look at it. I can't imagine they're just going to suddenly say oh this doesn't matter anymore this is this is his quote master stroke this is what he want this is the legacy in ways to bing is master stroke but then he's realizing geez if I do this in and let's talk about 20/20 five basically with that means is he wants by 20/20 five. 70%. Of manufacturing to occur in China. He wants to be a leader in any kind of manufacturing including the stuff that they don't really dual whole lot of right now you know the higher end manufacturing for if things like jet engines things like robotics and those types of things. He's not gonna just abandon that and how attractive is this thing is like every team. Starts off the seasons and I wanna Wednesday in the cup and write it on one team at a 31 wins it. You know eight right at China's got the same objective they wanna win the Super Bowl and and I think beat maybe they're realizing she's made that went in the Super Eagles not going to be quite so easy is with analysts. Based on what. Like what what if we act like this this article from the Wall Street or on trump frankly. There's an eight I think yeah I I have a tie I think they think trumps. I think their freedom. This article from the Wall Street Journal. Who doesn't have any quotes from China. Doesn't have any meaningful information about what's actually going on and it just says a China's thinking about rethinking this is now. Pays an up for the Dow the Dow's people but their money 269 point. That's fine like ice and odd I'd we'll tell you I'll make it who I've won for the prediction here Tucker now boy. I think China's gonna buckle I think some kind of overly optimistic on this time no one I I thought it was by labored. You know waited and then we don't buy election like a double down prediction better I have big ticket no time. No it doesn't expect I've been consistently. Opposed. Is this getting done anytime soon because I don't think the issues are gonna be that solvable now and I don't like to actually do it take victory laps I've been right on. Nothing got done and any of these deadlines that have been sent. And so I look at this one she went when trump gave them an extra ninety days I saw yet to sign of weakness. Hands you know he's buckling. Now I'm looking at it and listening to the rhetoric and I understand it's just rhetoric and it's just talk. China's needs to do a deal just as bad as we do don't think we're at where they're being discussed. Doesn't matter. It's this is some I disagree note this is something I've been consistently opposed to as well because China doesn't face the same type of political pressure that we did. I nobody if you're the leader of China. And who don't want your people to be happy. When is that ever stopped the leader of China from doing what makes their people unhappy. Now you look through Tiananmen square you look through you know the the famines they went through in the seventies like you can go through these things. The Chinese Government has a history of oppressing and punishing their own people even today you look at what they're doing with the prison camps out in the western part of China now. The muscles it did it's it's not really suggesting that China has any real concern for the lives of its own people. But they have to be careful because if they do if they're not the way the people revolt there is the assassinate the politicians. And they assassin does he seem in any way concerned about assassination. You know it's and I'm not saying that these issues are legitimate and I'm not saying that these issues are ones that don't need to be worked out like they do. But I'm saying that there's no incentive. For gene to do anything on this and I think when you look at the what he's put together in the legacy he wants to leave. There's an awful lot of will power behind that and that goes way further than you know should I do this or shouldn't I do this we've we've seen that previous round. We hear my opinion is that China needs to make a deal but we need to make a deal last year track. China bought 57%. Of all US soybeans export gap. So you know I'm saying I I'm taken the high in my because we are the richest country in the world. Most powerful country in the world but where your. And and keep in mind in terms of the ability to project power across the world China is still lead distant second when it comes to. Either a military power or economic now. But. They are starting to make progress as far as catching up and in some of those areas more on the economic side and on the military side. But when we talk about you know soybean production inside the US. As you mentioned China bought 57% of all US soybeans so farmers and it killed in so soybean farmers are saying in in smartly saying coming out of this. Hate regardless of whether or not the deal gets done and we need to diversify. Where were selling too because we don't wanna get caught in this kind of situation or get a start growing something else that's needed. Yet those those the kinds of things that these these farmers are looking at now in the problem is a crop production in general has been robust we haven't had. You know droughts and in and a unit that we're the world has learned how to produce a lot of food notes it's it's been a couple good years now particular in the US we had all kinds of drought problems in the wasn't sixteen and even in the early seventeen that he had them. But it's been about a year and a half now since you've had widespread drought issues. Inside the United States say I'd used to always there's a great drought monitor. That the how's my longer thanks keeps it up. But you know that in terms of where that the biggest routes aren't on the mountain areas that are typically grown stuff it's Arizona and New Mexico tonight areas that are being heavily in agriculture dependent on California's got some issues in California always has some youngsters. So our belt today it is the bread basket is in the midwest. You to California for a lot of fruits and veggies also in the winter you know just when you talk about winter food but I don't Mexico reality a lot of and out of Mexico damp we do. But it's it's been relatively calm over the last. Year year and a half so as Teresa may still going to be the prime minister tomorrow. Don't know it the it seems likely that she's going to get through this no confidence vote that's based on my reading of a whole bunch of people who know more about British politics and I didn't so be it seems like she's going to get through by the Skinner. You know what yeah but it's it's just a question of what power does she actually have even if she does get well I don't know she if she gets through this no con vote tonight rate of return to 6 o'clock tonight at it starts at 6 o'clock in in Britain so that's 1 PM eastern the secret ballot to see that yeah. That's weird. So they they had the vote tonight. Assuming she wins tonight it everything I've read says that she wins tonight yeah she gets a one year stay of execution she does. I don't know what she can do with it. She bricks it's. How I think that's right I guess that's the question that I I've been consistently trying to get to because. The bill that she has that's been passed by the EU she can't get through world parliament the EU won't give her anything else to take back to her own parliament. And so tell us about the Irish thing theory the the czar in NORTHERN IRELAND back door yes or there's this this. Premise that's built into it called the Irish back style. If this is what's been approved by the EU. And so part of this number I'm pulling this directly from the BBC Egan an has. I was unaware of exactly what this wasn't so even a couple days ago but pretty much of the the premise of this. Is that the UK will be able to. Leave the EU move okay. But as part of this the UK and Ireland right now the currently part of the EU single customs market and so what would happen here. Is that in order to set up. A a way to maintain a certain measure of friction was trade him is that the Irish border after Briggs it. Could still maintain. Access to the common market northern errors bothers continent so I originally thought it was northern but it looks like it's actually all of Ireland I'd be great for Ireland. And so it will be great for Ireland but that means every British good would have to go through the weather's being imported or exported would have to go through our it depends on the good and how tariffs were set up and so forth but he what is effectively does is it keeps the UK Ian yeah. The EU actually despite the fact they voted to leave and this is one of the B issues. That it's a lot of the breaks hitters in the UK have witnessed with this proposal is that. They we voted to leave and now you're saying we were not actually really leaving now. So that's one of the issues that's been kind of outstanding at this point. And Taco Bell. And KFC wanna make fried chicken and taco delivery as normal as ordering pizza I love this that's our next topic. Chalks favorite topic is coming up next on the financial structure. Yeah. Breaking financial news. The financial exchange with Barry Armstrong and chuck saga on the financial exchange radio network the market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is -- Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com to. Here is our with the securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The state claiming can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain him but you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing and Dolan -- 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 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 passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed does come. Hi everybody it's Berry 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 that sort of again if you guys are providing two point 05%. EPY. On that account how do you do. Yet it's one of our most popular. Retail banking products vary so. It's it checking and savings companion Oka and if you qualify. You get some great reward so for example you 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. Eight get ATM reimbursements if you use in other things he Tia. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly. That in so the benefit of that is that really expands or breach network yeah he's in need yen. Doesn't have to be leader Banc one. If you qualify it's pretty simple unions to have your direct deposit owned the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for these statements oh. It's it's something that customers would do anyways using right now right yeah it's great benefits. And yet two point 05% annual percentage yield on your savings. Try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on balances up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them on line it leader bank dot com. It's called Zuma rewards account CU GMA. 8776917900. Security suffered through securities America income member Sandra SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Join our brand new tax club by texting the word buried 263566. Send your first and last name and get involved today you're listening to the financial exchange radio network. We've all done it we ordered a pizza as a matter of fact in about an hour and a half on the evening. Pizza they get delivered to the office. But the idea. That Taco Bell and KFC have come up with is they want to me ordering Taco Bell or KFC's just as easy and justice common. As ordering pizza pizza is something we've been getting pizza deliveries for fifty years. It is an interesting question. Why is the only fast food that we currently have delivered her historically had delivered pizza I am willing to use you know those other items from those pizza place and ultimately. Why haven't other types of you know fast food or fast casual places done delivery man in Donald's right. Or even I look at something like Penner it's the same price point is pizza wife Dana like wise ordinary delivered. I do now public why didn't they just like no you know like what was what was the bear if you if you guys anyway if you guys had a choice between pizza Taco Bell KFC. Pizza Taco Bell. Auld stopped shock was really pretty Italian and U. Your goal Taco Bell from he's and about our eyes I think yes that's right I'll pizzas so much better. Fried chicken here I really like Taco Bell. I like talk I don't eat it much because it's so bad for you. I'd like he Taco Bell yeah that's where there's there's nothing real tall fried it would it take. Think about it this way peace at least has been eight how do you make cheese state liquid at room temperature. That's what taco Bell's figured out liquid it was a lot of chemicals are no lick how do you make she stay liquid at room temperature like that. That's some you know engineering I don't wanna know about it and I'm still get to accept and so I am I'm very much a game that well let me then Dan Tucker why don't you think he distribute incarceration right now we we really are should focus on the two. If you choose between Taco Bell and it's tackle well. When you by tomorrow last and I can't I on pit sealed away you've always liked it I've grown up I grew up but Casey there's a case you can ride my bicycle to and is it. The balances out some of the effects too right at home if he claims he currently home. He go to a go to go to late go for slim and then there's a -- she could order you know K it's the one day get to that factories went into the west heat sink rate to the bottom. Our poll question today is which do you tougher Taco Bell KFC. Right now gentlemen. KFC's way it 70% of listeners and for KFC over talk and you think KFC's gonna win this one but I still Monty talked about saying there. Big news out of Salem Massachusetts the third marijuana story is going to be opening speakers KFC on Saturday. Spent how is there not a KFC in this store them guess this the third Massachusetts marijuana Stewart's opening in Salem so it gives the eastern part of the state. Easy access to. Obviously buying marijuana as well as people coming down from noon New Hampshire and Maine right lot closer than Jane they don't have to they've got us right mean you don't have to. But so yes this is going to be any retailer called alternative therapies group ETG for short and they're gonna be open on 9 AM Saturday. After they got a notice from the mass candidates control commission on Tuesday saying you can go right ahead and open up. You know I talked I live in a conservative town as do you chuck and and and I guess you do to talker. And I asked one of the town fathers and said you know why are we gonna have cannibals. Stores in our town. And they looked at me like I'd been smoking some campus litigate they do they just they they they this holier than thou attitude that exists. And I think what you're gonna see here gentlemen is in about five years towns are going to be scrambling. To get. Stores to come into the tap Salem is making king's ransom. On on this story I don't know if you guys are aware of how these contracts work. But they get paid hundreds of thousands of dollars to allow this stored in existence. In to talk about the level of activity is there's an interest in being that this stores doing they are by appointment only in order to loud that's just initially. At least initially there by appointment after only two but so what's interest in their cash only but he can use a debit card. What's interesting here is that. All 600 of their reservations for Saturday first amazed they can get 600 people you know in and out that easily but they were all booked up within hours of the announcement on Tuesday there are also limiting how much you can buy yeah they are and importer are now so that's a lot we. And yet that you're you're good for a while we want to you know. But I agree with you the towns that are saying no we don't want marijuana here. In in the look I understand all of rationalizations saying goalie we don't wanna make it too accessible for our kids know we don't want to seem normal. Guess what it seems normal it's already accessible free kids walk in any high school in America there's marijuana that's been like after ten years you know going after forty. Slough nobody in two when they decriminalized it that yes it really you know go off track is people said there's no consequence you know it's not having it in your town. Isn't going to make its of your kids can't get a what it what it's gonna hurt are at the owners of businesses in your town. By not having if you have it on your main street like I know eight in our town they're plenty of locations sport right. And it would. Help all of the other retailers it would help the CVS drugstore it would help the restaurants and help. It it would. They get the gas stations every business in your town benefits when you have a moment and think about now like the about how many talents excitedly announced you know that this distillery has announced to move here that this brewing company has moved here we had a liquor store. Right we haven't let it go down I think we have 34 liquor stores. I just I find it a tough argument to make given what we know about alcohol marijuana and to say yes we want liquor stores and distillery is that we don't want a marijuana store and India get paid the town's makes so much more money it's ridiculous it and think about public think about also Salem so they're gonna have all these people going into effect you don't think it's gonna benefit other businesses around the thing about the restaurants right. PP we're going to they're taken the train to get to sail. You can just go to the candidates stop go back on the train they're gonna go shopping there in my decent person dropping them a good one yet. Notes with it and there's going to be line dividing these towns the ones that do this you're gonna see epic and pretty good shape going for the ones that don't net and be about the same there today. Don't forget to vote in our poll you can visit our website its financial exchange showed dot com what do you prefer. Taco Bell or KFC. We'll be back with the market update down some 325 points. Life goes on FaceBook and followers on Twitter. Show breaking business news is always first break you 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 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 state claiming needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Bennett you'll learn how to protect your assets kicked him in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state Texas fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called asset protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed does come. If you're landlord looking to find an easier way to collect rent payments than you need to hear about leader bank's online rent collection product called zero and it's a great service for landlords allowing them to collect tenant's rent payments electronically and he rent dot net without the need to collect checks mostly in the -- local neighborhood banks to do their business and now a collection of local banks are offering this unique program including leader bank and stolen bank member FDIC if you're a landlord and are interested in having your bank required does he ran technology Tillman McCall does he ran team at 7816418691. That 7816418691. Or visit Z Rand dot net stop chasing down late payments and running the bank to make your deposits at your bank to add zero to its list of offerings. Visit C Rand dot net or call 7816418691. For more information that 78164186917816418691. Or zero rent dot. Net when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media 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 -- identifies several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy is guys available right now by calling 803934001. Take the necessary steps to protect your interest regardless of the market performance call my office right now going get your free guide the signs -- the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility throw you off course 803934001. You can download the guide right now and Armstrong advisory group dot com. Terri suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's pretty hard to find a bank that as -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is Barry Armstrong and I've been doing business with leader bank for many years so fury in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's -- all leader banks Zuma rewards account has a two point 05%. Annual percentage -- if you're searching for great rate it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to -- businesses that number again is 8776917900. Or visit them online at leader bank dot com. Deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icing. And medieval times sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. Eighteen missing major ups and downs in stocks and Wasilla there remain concerned about pending bear market you need be ready for one this month the Armstrong advisory group has a new guy did identify several core factors that you should pay attention to that may help position your assets this guide is available right now Michael and 803934001. That's 803934001. Or you can download the guide right now Armstrong advisory group dot com securities are protestors hurt incorporated the most generous ABC advisory services are protestors -- advisors incorporated Barry Armstrong represented at a restaurant advisory group mysteries record companies are unaffiliated. Time now for Wall Street watch a look at the market's performance so far today you don't Marion jog right here on the financial exchange radio network. Time now for Wall Street watch brought to five liter bank and it's not too late to get a great rate on a whole mortgage. Little bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. Call it a bank today 8776917900. Or visit lead back dot com for more information member FDIC. And Mike Armstrong is now with us for Wall Street watch Michael got a couple companies struggling today. Under armour down 8%. Putting a bit of a damper on what's been a pretty good year for the stock while they down. There company was up probably 87%. This year they're giving an investor presentation rent out their investor day. And data there'd guidance going forward is day and age it's just. Lackluster comparison to what analysts have been expecting so basically negative single digits act compound growth going through. Twain nineteen events low positive single digit growth from 22 point two. Really not seeing any real revenue growth into a 20/20 review which that would put a damper on expectations. Dave and buster's down 7% as well or people is not going to be noisy arcades anymore. Maybe they actually were in the previous quarters of their there estimates came and net. Barrett there there verdict came in well above estimates their revenue beat forecasts but. Expected to comp sales going forward and between nineteen revenue forecast is pretty weak. So this stuff taken on actions were down over at less than 8%. Very good thank you Mike. That is Wall Street watch presented by leader bank for great raid on a home mortgage cult leader bank today 877. 6917900. Call now and they'll also mail you their free residential mortgage survival guide that is 877. 6917900. Or is lead bank dot com member FDIC. Poll results are continuing to command which do you prefer Taco Bell KFC 25% of merlot listeners like Taco Bell talker. But 75%. Chiming in with KFC. There. At Drake hit position has been charged with involuntary manslaughter in the 2016 death of the woman who overdosed on OP woods. That he had prescribed the first such indictment in the state. This. I say this is one of the ways to cut back on the OP only problem. It may be too little too late but it at least. It's an effort yes this is the first case that again has been indicted in this state in this fashion here. And so pretty much the doctor. Is accused of continuing to authorize a large doses of oh buicks and other drugs even though he knew. That the victim minority over dosed once previously. And and so I do wonder if you're going to be able to see similar indictments and charges for other doctors because if there isn't a you know a clear pattern that someone has been abusing. Drugs at I wonder if you know you're going to be able to indict. What do they that's the problem I mean the OPO it's actually serve a purpose be right if you don't want doctors being afraid to prescribe them. But as the rules have tightened and awareness has grown or purely prescribing in Massachusetts. Decreased by 35% over the past three years so. There's little doubt in my mind. Based on that statistic. That that we were over prescribe it. Yeah and in look if you can just about all the data out there. That the surgeon prescriptions over the last 25 years pretty much mirrors the rise in deaths and so it's it's it's clear that there isn't that high there just promise is gonna take 25 years to unwilling exactly like we've talked the last couple years you said it was what about thirty. To the number of prescriptions decreased by 35%. In the last imagery and yours you know. But deaths are still rising you know it's it's just has you have Italy has yet this big back while revenue generation of people that have gotten hooked and so it's in their non functioning. Members of society. And once in some case there's still functioning like it's at a certain extent that's what makes it tough is. You get to a point though yeah where it's just it's it's just too much. But this is something that I would expect you may see more of going forward. Ands. I think if if you have clear events like this I think he can make sense but I think you're gonna die very loud message yet oh we did. It's certainly to give Europe PA Reich has PA's can prescribe this stuff nurse practitioners. In it who can write a script. Is capable of writing these things and you're even seeing the drug stores I don't know if you guys have ever had to have you ever had to pick up a prescription for Nokia. And drugs or am I don't I think thanks so hot I picked one up for my son misses pro a year and a half ago the F. They tortured I mean they did the pharmacist Cano right behind you have absolutely. And you know she made the multiple forms of identification. Signing you know they get it was. Arduous yup to actually get the pursuit is how you want to be I'm not complaining it is date the if it's the didn't I think the drugstores are recognizing hey we might have some liability here too. Yeah now we just think it's good. Folks 2018 is seen incredible swings in the stock market causing some analysts predict. Then a bear market is coming sooner rather than later. If you nervous about the volatility used to request our brand new guy that identifies several core factors that should pay attention to in order to position your assets. And help you stay consistent with your investment strategy. I don't want anxiety about the markets to cloud your judgment and I know there are many reports suggesting the bear market is imminent. And wanna educate you on the signs that a correction may becoming. The guide out this month is designed to help you prepare for a significant market correction in its available right now by calling 800. 3934001. Take the necessary steps to stay on track regardless of market performance call the office right now and get your free guide the signs of a stock market correction. 80393. 4001. Don't put the hard work that you put in to build a strong portfolio succumbed to market pressure call 80393. 4001. Or you can download the guide right now Armstrong advisory group dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. GE shares earlier this morning eclipsed seven dollars a share their back down now they're down trading at six dollars and 84 cents a share. Where they really have been spank chuck is when they cut their dividend. Down four cents a year in November last month. Yeah I mean I think looking at where they are right now obviously the new cut that dividend and end it has finally made official but. The big story there was the so many investors in GE I didn't know this but. 813. Of GE shares are held by retail investors. And that's hot. You know as opposed to you know like IBM would have a much higher institutional level will addition but a third of the shares were held by. You know just mom and pop in a New York counting on that dividend. Right and so it had already been cut once appeared call in though to get a cut in half now. And then they now they cut it basically it's nonexistent because yeah penny quarter down and I think that hurt them I got a lot of investor just threw in the Tao when the when they effectively eliminated that did it in Munich the average investor out there the average individual investor those GE stock. Is we'll get the bond pursing GM nervous about this company known at a business they're saying they'd still pained me dividend right now but the second that that thing gets caught likeness. That's where they say it will look what's what's the point me holding it this but does that make the stock artificially low when you have this. EP because not paying a dividend is not in the world I edit like I'm looking at it now and and I'm trying to think of reasons to buy it. And send myself you know if you're contrary and you stand. Which you may be a Lotta people sold it has retail investors. Are also the least educated investors rate individual investors are don't have access to the same research that Fidel. They zig when nations zagged his store that's what you see. With the interesting thing on GE is there's a case to be made that it could be to me personally price straight down that there's a case there. But here's the thing what information do you need in order to overcome that case you need to have something positive that suggests the Indy is not new year. And that's in India and thank you say the other day. The the bond markets pricing in what 25% 2.5 percent chance that the company goes out of business so I look at this and is third CEO an eighteen month here's the thing you could make a case that maybe GE is close to a bottom Billick that there's case to be made they're not saying that's. Accurate but there's a case to be made just because sentiment so negative and it could be near the bottom. But it also could be a stock just bounces along that bottom three or five years you know if there's no it is dead money staffed if there's no growth if there's nothing to turn it around they they could stay alive but just kind of load in the 68 dollar range for the foreseeable future so. The question I ask is not hate it is at the bottom it's okay what needs to change what is the likelihood of that in changing to get them to where they need to be. I just don't see anything changing the story on the stock because there's still on damage control mode and they can't even figure out how notes to get out that at age. Seen that they're putting out fire after fire its laws if I was coming operate talk about the number one reason that Americans are so stressed out. Probably won't surprise you that's next on the financial exchange. It's hard to dial a phone or send an email with too dumb but it's easy to text we've got and tech sign up and running and can tell us what you think right now by texting us at 63566. The skewered battery and join our exclusive club 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 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 is an expert an elder luck. And has been helping families of their estate lending needs for more than thirty years he's written a new guy that's out 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 does come. The market has been extremely turbulent and 28 team the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to 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. Securities 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 in the securities America companies are unaffiliated. If you're real estate or property management company you need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks leader bank utilizes state of the art technology to offer convenient banking services to a real state clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has -- business bankers there on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies use liter bank as their banking partner call 8776917900. Or email BDO at leader bank dot com for more information member FDIC equal housing run. 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 overvaluation 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 service is our with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. On top of breaking financial and by becoming a member of the carries for get a mug under financial exchange does come in sign up today. Mining. Is the biggest source of stress for American research shows indeed eighty surveyed by Northwestern Mutual. Found that money. Was the dominant source of stress for 44%. Of Americans. Followed by 25%. Who said their personal relationships. And just 18%. Blaming work. Kind of matches up with all the data that we see about the kind of money troll that Americans tend to get into we. In the egg I was wonder read it when people are stressed about money. Are they stressed dude is self induced. Issues or they stressed because. Something bad happened in their lives and let me explain self induced financial stress self induced financial stress would be. You you took all your money to the casino. And you spent the rent right yes where is I came close that a couple times now and in environmental. Stress would be. You work for GM and you're among the 151000 got laid off last. Yep and I think there's it look it's it's some of both OK there's obviously people in the world. Who create problems financially either you know casinos kind of an exaggerated example for a lot of folks but it could be. Hey I do you know I was feeling stressed at work and so I went and I spent a whole bunch of money. On clothes are on a trip that you know maybe I shouldn't of spent because they don't have the money to pay for it actually. Views of those things definitely happen. But they're also are a whole bunch of workers who you know running the financial trouble. Really no fault of their own doing where the note I look back during the financial crisis. And there reporting of people that were responsible borrowers. That you know did everything right but then they got laid off they were at work for two years because how bad the economy was they ended up in a tough spot then through no fault of their own the reporting of other people. Over borrowed and says oh yeah the bank a lend me this money why wouldn't I take it when really they probably knew deep down here I can't pay for. It's now Kevin Brady into is a Republican from Texas. Is introducing a new version of the tax bill that would remove the age limits on hiring contributions I love this idea especially. As the country's aging. And you see more and more people. That are working late in life you walked in to. I don't know a Wal-Mart term growth restore it's not uncommon to see people that are in their late seventies and eighties work in the Friday night shift. So I was thinking about this I would get on one level but here here's why am not a huge fan of so let's say that you put money into and higher rated 71 is as you would be allowed to do witness and take a deduction for you take a deduction for it. And then let's say that fighters that you pulled out his realistically in most cases an opponent money at thirty years later at age seventy. So let's say five years later you pulled out when you're gonna have to pay ordinary income tax on all that at that point. Whereas if you didn't do it then. What you would have is you know you'll get production up front room but you're only paying capital gains tax which is a low already knew you know putting the money into an IRA what you could use of hot fire which is even better which I do think something like that would be interest. If anybody because you see story after story chuck about. People they add my peers I I've I can tell you I have friends. That are in their late fifties and that had not saved a nickle for retirement. Which I agree but why do you need an IR why do you need to have to have higher res available to people who overeat seven why I'd much rather have a Roth IRA to contribute to. Then it then than just a regular brokerage account and in Iraq fiery is the cat's meow but if if you're working. You can still do a 41 K or Roth four when cake he's still Abaxis to those through employer plans so I look at this I'm just trying to figure what problem itself thing. For the guy who may be self employed right it yep that's got to cheap plan so I guess yeah part time worker that you know maybe your part time worker Wal-Mart needle get a Home Depot. You don't get access to the retirement plan okay Agha figured if a sense the other thing he's introducing. In is language. That would extend 520 men and 529 education plans for unborn children so. I got somebody could open an account Tweety can already do that it also allowed 529 plans to be used for apprenticeship. Programs and home school books. Home schooling is bigger than you might think yet I have. Russians on home school and some that you know what qualifies and yeah AKA just I don't know how you'd decide what qualifies assumes that's what's yes it's you know Dick yeah yet tonight I just I wonder about things like that because. You know we see where it was businesses you can lump everything you know this a business expense of running my phones might cars through it. I just worry about. Home schooling is doing the same thing. I like most of what mr. Brady's suggesting. But I don't like this. He also wants penalty free withdrawals. From retirement plans for individuals. In case of birth. Or child were or adoption currency had a kid right and you can access your retirement plan. Without penalty I think that's a mistake. Well and in to meet all of this suggests when you're talking about doing that it's removing any incentive to keep that money in the long term in the long term. And specifically if you're getting rid of those penalties there. It's pretty much saying hey we want you to pull this money out to give us tax. You know that's that's what it says where's Oakland gonna play football next year. Well Ali's going to be Oakland coliseum no me so here's what you've got going on right now the city of Oakland filed a lawsuit against the raiders in the NFL now over the team's move to Las Vegas they're supposed to move to Vegas in two seasons right now and that's when their. There I guess their lease is up now. Right days there I believe I think they are year to year at this point. With their lease and here's the big thing is the raiders in theory could walk away from that lease now that this litigation has been filed here. In the team is saying hey you filed this lawsuit against this were going to leave and go somewhere else is aware of the hill regularly where would they play their home games next two seasons so. I know this is unorthodox. But what I think would be. Awesome and completely unique. Is if they did not have a dedicated home field and just did almost like a tour of the country is there's raiders fans everywhere. There are readers that it is you look at the history of that team. There are raiders fans everywhere and as we always says. I you know they can go and say okay. We're going to go to Saint Louis which still has an old facility and they were gonna play game in Saint Louis next. You know things along those lines. You know that those the kinds of things that I think would be interest in the game isn't there stadiums and in Vegas that they could use like college stadium and getting to play UNLV you know so I mean in theory they could do something like that for a year teams have played college stadiums before the cardinals. Plated University of Arizona stadium for a couple years before I was there I wanna likens to the vikings do that university of Minnesota so you've seen that kind thing but I think like a barnstorming tour all over the US. Wouldn't really. Cool they don't get that home field advantage I I think Vegas makes the most sense that they could work at a deal with you and Oakley but I think there's a problem with UNLV. Because they're trying to do the stadium deal if your call. With you and of what was that exactly and and they couldn't come to terms and in UNLV I think is not happy. About the raiders moved into they the barnstorming raiders I'm telling you. About an eight. Jingle I felt like there's a good link to. The Dow is up 324. Points yes and he is up 37 NASDAQ while 133 point on the NASDAQ. Oil is up 55 cents a barrel and gold is up four dollars announced it's very sharp and Tucker coming back with more financial talk in just a few minutes. And thanks to. 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's equal housing lender and MLS number 449250. Subject to credit approval leader bank. A step ahead the state planning can have many benefits especially if it's done early it's extremely important to protect the SS that you worked so hard to 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 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 guy that's out 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 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 this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 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 8776917. 900 is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 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 it. A little bit more expensive than they have been on average when you look at the price of that stock compared to how much earnings they are expected to generate in the future in terms of where we stand compared some of those averages are there any numbers out there that are concerning to you right now. Well you know one of them is that if you look at the case Shiller price to earnings ratios average stocks right now are trading about 84% higher than a longer term average going back yea you'd really have to compare to say 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. You're investments folks we do have a guide available it's titled the signs of a stock market correction. In all you have to do to get it is call 800. 393. 4001. To guide is free to get in once again the number to get that guy is 80393. 4001. Or you can also download it for free at Armstrong advisory. Dot com once again that's our strong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. In medieval times 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 got to identify several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy is 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 worked hard to build a strong portfolio don't let volatility three off course 803934001. You can download the guide right now -- Armstrong advisory group dot com. -- suffered the securities America incorporated members in SIPC and advisory services -- 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 -- 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 -- SIPC and advisory services -- 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 tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great rate it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at -- bank dot com. Don't deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings re subject to change without notice leader bank a step ahead member of the icy. And. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city you. World stay informed and up today about economic and market trends plus give breaking business news every day. And now the financial exchange with the Barry Armstrong and sharks done us. Quite unwittingly Canadians have been dragged into the trade war with China. While ways and make the ones who was granted bail by a Canadian judge. And in the same breath trying to detained Michael called league who is a former Canadian diplomat. Despite those. Little blemishes if you will. The Dow is up 355. Points at 24725. Hi everybody it's very and chuck with you here. It's a Wednesday morning and were you surprised to see that the wobbly executive CFO. Granted. Her you know granted bale. Really think she's gonna skip out now. Number I stick around I think is as long as city and again at this point especially with. Now what the president said yesterday saying that he may even use her as a bargaining chip which I think was kind of saying the quiet part that you're not supposed to say. I think that. She's probably being advised to stay there by Chinese authorities. Just so that this does not add to think about it she does skip town that's a level of embarrassment for the Canadians and for the US. And that makes up things a little bit worse as far as negotiations are now an ankle brace to building. And it. Hours to get out of those. I don't know. I never had went on you know I've seen them I I I saw one on a person but I never had an appetite and I don't know if he does you'll take bolt cutters and boom there you go war. Sounds a little luck too easy balances due to make a place we what did you make of that China detaining the you know former Canadian diplomats when your former Canadian diplomat in China does not mean your spy. He means is decent chance your spot. And so what to me it suggests OK you did this were gonna retaliate. And is trying knows who were spies are there and every country knows whoever wants buys. You know it's it's kind of how the game is played is okay we know that you're here but we'll let you stay as long as you know you keep things quiet and don't embarrass us that's kind. Again it's you don't say the quiet part out loud which is okay were. Keep quiet but yet it's I think it's a pretty clear now line that you can draw there between the Wally CFO and Michael Corbett now being. Detained in in China. With backing doesn't work bill is. In China there're last I checked I looked at the stat of the day is about 75000. Americans in all of China. Here over as as permanent residency mean. Coca there over two million Chinese people that are in the United States Tuesday symmetric in terms of numbers now significantly to in what is that telling. What does that again against Georgia China but if you're live in China you wanna get the heck out. I Webby say that's that's a status symbol in China is to get out of a very much so you know yeah yeah yeah have enough money yet. Delta Airlines is banning kittens and puppies as support animals on all flights. And all emotional animals on longer holes as the boat. Darn time I'm sick dog simply you you have not enjoyed animals on flights. People you know they want it be absolutely. Flaunt it now quality in I think there's there's a deicing out of this one couple in Miami just may be weaker to go they had three. Emotional support animals three of the two people three animal. Like when I was five I had three stuffed animals less up with those are my emotional support animals and I needed them you know. In that the key thing I think is there's a difference between a service animal in an emotional support among a service animal is. Hey I I've got something that requires me to have an animal helped me you know navigate basic tasks. A support animal which again even miniature horses qualified support and her so. In theory Agassi they say they band you know kittens and puppies but maybe could still have a miniature horse on the flight I don't know. But this is going to be starting on or after December 18. And so you're not going to have any emotional support animals on flights longer than eight hours and and you can't have sir either service or support animals under four months in home regardless of the flight once so. It's. There's get a little tentative near do you people have been abusing this because look how can a three month old kitten being emotional support and what doesn't even know what you are now you know. I just today do you think this is a trend that the airlines and to me like. I I I suspect. There are a lot more of their customers especially business traveler who's paying premium dollar. They don't want a piece next somebody's got to earn dog. I'd I I understand it and I don't have a problem with animals on planes and it is an animal friendly person like I have a I don't know and so I'd rather have you happy room there and someone who needs an animal I guess what I'm saying. We have an in studio guest who's gonna join us he's gonna help settle the debate if you wanna send them over that would be timing is appropriate. C'mon over here come all you're gonna. You get the chair in the old man has to stand up. That the week we kinda need some help here because we're trying to settle. A date yet you have to be an athlete to tick come on the show if you gotta be able to jump up on the chair. This is not is this is you know not easy lifting here. If you're watching the show you'll see that Kamal Lleyton has just joined us in our studio. And the the question that we have. Is. Chuck is a Taco Bell and economic KFC. And we we want to know if what you if if I said to you by lunch today KFC. Taco. This is important. Well this what I have to say if if some friends might. Taco down and make the run for the border some friends like he FC and they hang out with the colonel and I'm with my friends. That friends. So easy. Ever the diplomat I'm on a team Taco Bell bears on team camps and on a KFC guy is an out of tele a 68% of our listeners if you wanna participate in the poll question today. 68%. Of our listeners prefer KFC over Taco Bell 42% saying hey accurately Taco Bell. So that's that's the that was the easy part of organ askew. Kamal. Joins us today in studio and he is the CEO. Of the economic development authority. In the Virgin Islands. A lot of people listening to show. Don't even know where the Virgin Islands are and of talking about the United States merchandise could you describe because I think you're actually fairly new US virgin models as well. Yes it's in the eastern Caribbean and so you have to if you say if you're flying from Florida you have to fly past Cuba. Fly past Puerto Rico on. And then right after you get past Puerto Rico you were right there in the US Virgin Islands so how to most people get to the virgin as they go through Miami that goes through Puerto Rico is right next to Puerto Rico's like fifty miles from Corey yes it's very close you can almost though stone over there he got to do got a good arm and sensor and a patriot territory you know I think that's probably the good thing to say. But it's a lot of people they come from Miami some people now can come from Orlando and come from Atlanta so there a couple of different options or you can combine boats. That would be the long way to get there. It's a territory. In audit state kind of like Puerto Rico right it's not a it's not a state. Of the United States but it's owned by the unit didn't we buy this divergent route. A little over a hundred years ago was transferred to the United States from Denmark for a 25. Million dollars. In solid gold points at its financial shown to be good to and we bought it because of World War I. It had strategic value back then. And has great Puget value still now what's the strategic value now I guess just making his security in the Caribbean. Well yes you do have that dynamic but also what it does create is a a footprint for the United States in the eastern Caribbean. That part of the world as one of the most beautiful parts of the world and for a lot of Americans that's a good backyard yup it's a good play area. But also it's a great place to. Visit and do business we're gonna talk about that I guess we are right. One question that just came in and our text line is. Do I need a passport. In order to visit the united states virgin island say I'm a say I'm listening in idea. I live in west palm right Livni in Worcester or Springfield in New Haven. And I want to plan a vacation or trip to the United States Virgin Islands were growing need for identification. The driver's license. You do not need a passport and the American citizen can. Go to US Virgin Islands. Just show your driver's license because it is America. That's good that's good all right coming up will be having a further conversation with Kamal about. Some of the tax benefits associated with doing business in the United States Virgin Islands all that and more coming up on the financial. Business news is constantly break and we are here to break it down and show what it means to your portfolio it's the financial exchange with Barry Armstrong and John is not a on the financial exchange radio network. The market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to a significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. You resort with the securities America incorporated members and as a PC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain him but you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not a Todd let's keep a partner with the law firm of Cushing in Dolan isn't expert and elder luck. And has been helping families of their state claiming needs for more than thirty years he's written a new guidance on this month called asset protection strategy spin it you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like yours with their state planning when he can help you to call right now to get tons new guide called passive protection strategies at 8668485699. This 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed does come. Hi this is very Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're banking is the number one purchase slender 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 a number to call or visit them online at leader bank. Dot com member FDIC's equal housing -- -- customer for Portland to -- -- subject to credit approval -- -- a step -- 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 -- hi this is Mike Armstrong and we've got a brand new -- 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 -- and help position your assets in an effort to maintain a successful investment strategy this -- is available right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs -- the stock market correction an 803934001. You work hard to build a strong portfolio don't -- volatility throw -- off course 803934001. You can download -- -- right now and Armstrong advisory group dot -- Terry suffered securities America incorporated members in SIPC and advisory services are to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Be a part of the financial exchange in an instant by texting had 63566. Starter tell extra keyword Barrington and become a member of our brand new textbooks tell us what you think 24/7. Greg here on the financial exchange radio network. Stocks are continuing to rally with the Dow up 363. Points. And the NASDAQ up a 152. Points were joined today in studio. By Kamal lace them who's the CEO. Of the Virgin Islands the United States Virgin Islands economic development authority. And we've determined. That the Virgin Islands are in the Caribbean we now know that there about 4050 miles from Puerto Rico. What did it three main islands. Yes three main island since economists saint Croix. And Saint John Raitt and saint Thomas is a big cruise destination right it's that's the where a lot of the cruise ships go. Yes sued if he'd be united Caribbean cruise depriving me into at least one of the islands that's correct. What's the what's the population of the US merchants total population is about a 100000. And and most at about 50000 or so far on saint Thomas and around 50000 on saint Croix. There are few thousand on Saint John but it's separate from Puerto Rico right it's not under the control Puerto Rico its own separate territory. Correct. With two what do you have in terms of sales taxes in the virgin I'm glad you asked there are no sales tax no sales tax ranked right. What about income tax rates if I decided let's say I wanted to retire. Two United States Virgin Islands would what would but what would my tax return look like in who'd like files. You were found your tax. Earned with the bureau of internal revenue which they are locally and you as Virgin Islands. And if you are a resident there means you therefore 183. Days. You can get in 90%. Reduction. On your federal personal income taxes. So this is a great thing particularly for people in in the New England area. And or other individuals who were really very much in proceeding in wealth preservation. Now that that program your talking about within 90% reduction. In federal income tax that's primarily for people that are running businesses down there is as I understand. Yes if you qualify. Your business and you set up an operation down there you domicile down there and he moved down there for about. Half the year yup and you can qualify for a 9% reduction on your corporate and federal income taxes 90% reduction on your. Personal income taxes it's amazing yes and then a 100%. Reduction. On a number of the local taxes so it's. A what kind of businesses have EU EU it we have about 75 companies that are in the Virgin Islands owed no there was only five that are our immediate program. Yes. My agency has lots of these five companies that are recipients of the tax incentives and they helped to contribute significantly to the jobs that we have there to the economic growth that we have there is that to talk about your responsibility as a CEO of the economic development authority. What is she would have you been tasked with what is the board said he hey Kamal we want you to get this Cheryl economic development is economic growth and job creation and wealth generation so we hope. To facilitate new job to be treated by bringing new employers to the territory we also help individuals to start business and so those employers that come let's say I make widgets in high relocate to the Virgin Islands. And I'm masks to hire people that live in the Virgin Islands and train him. Yes yes so if you are a company that's willing to contribute to local economic development. Make a capital investment there employ a number of people there and be able to provide a certain role wage and certain type of benefits and then you can be a recipient. The tax incentive program that we have which is in 90% reduction I just check gotten boggles my view it's a huge number I mean is you not talking notes at 25% savings or fifty it's you're talking 90% and it's a lot. And so it's a really good strategy. For a number of individuals. Who have wealth to manage from wood about cut things like a thing about the New England region that we have a lot of Biotech. Bio pharma medical tech. In a companies like that there tech companies at all down there yes PF tech companies down there actually there's a company that's here in Massachusetts and that's a high tech company. And they do the R&D appear and the manufacturing and production down in the US Virgin Islands and they're able to take advantage of those tax then absolutely. Absolutely because there's no. You know one of the that the drawbacks to doing business on the continent is. Many of our states would we have 43 states chocolates charge an income tax season that it's 43 or 44 now I think you might even be in probably. Forty years so that have a sales tax rate. And property taxes are high read the ones that don't have those you've got high property taxes C getting hit one way or another for doing business in the continental U. And property taxes are comparatively low in the Virgin Islands that yes they are. India the so when you when you look at it your your trying to develop the the economy down there which is it's a big task. Are their workers to leave it in your relocate your business down there. Are your do people speaking the face in the right. And what we would what is it like to develop your labor force and effort and yes people do speak English good down there and we do have a labor force and down there and so there are people who you can. Hire locally this university and yes there is the University of the Virgin Islands. So if it's what would you look it when you look your responsibilities. Would you consider to be. Your biggest single challenge. Well the biggest single challenge really is awareness a lot of people aren't aware. Of the US Virgin Islands and the great opportunities that we have you know actually some people think well he's the British Virgin Islands and then there's a right old. The Spanish Virgin Islands and so some people or does not not not sure you know where rearm them. Wouldn't the what. How do it if somebody's listening to show now they have their own hedge fund they have their own medical device company here does matter it light manufacturing. How did the do they call their accountant Judy is website they can go to how'd they get more information. On this because it if it kind of EU EU listen to say hate. 90% reductions if your make and two million bucks a year. You know if your if your bacon two million dollars a year in the states will be paid 600000 in taxes. When you factor in state tax probably close to 800000. Seat Payne 800000 dollars running your business in the states. You move down to the Virgin Islands it's gonna go to what 80007000. It's gonna cut it down by 9% right. 90% of its energy savings so you can hire up additional people we can build more facilities. And just put more money in your pocket yeah right so how does one. Learn about. Eddie cause booty call. Well you can content. Go to our website OK what's that. US VI ED a dot four look at Stanford you'll all war or yes Stanford US virgin island's economic development authority and US via EDA. Dot org and go to our website and you can get the information. And then our contact number is down there so people can feel free to. Call me they can call Kamal yes call Kamal Kamal and in scheduled visit for January forever how's the weather in January. The weather is wonderful and it's about the same year round nice so in the eighties during an average during the day in them the seventies and average during the ninth you can't beat it now died today it's a wonderful climate and fairly easy to get to in of these two. You when you think about travel firm. In Whittier in the northeast or Whittier in Florida like if you live in west palm. You can get a flight it was his spirit goes out of Fort Lauderdale. To sink Rory and then there's number of airlines that go from Miami to saint Thomas and sink or. Yes. And if you're in the northeast by that time. Of opportunities to get down price and face I use American been jetBlue flies down here that you do to Puerto Rico and saint Thomas. Welcome delta flies American jet blue's spirit also down. Yes yes full Betty anyway that website folks if you wanna get more information its US the guy. ED EA dot war. And who look up my friend Kamal when you make your your visit this winter I would I strongly recommend. January actually to they would be beat down notes chilly today 85 degrees and sunny in sync service comes. Yeah Dow's up 366. Points when we come back are we talking about truck orders on the decline how come. The financial exchange is alive on FaceBook so make sure like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. There are many benefits to early estate planning among them keeping your assets under probate and protecting them from the nursing home but did you know did you also might be able to eliminate your state taxes tablets -- coast of illegal exchange radio show and senior partner with the law -- of -- in Dolan is an expert on law taxation and estate planning. 8668485699. -- time -- -- team at Cushing and -- and help your family the way they've helped so many others -- 668485699. -- 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. And medieval times sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. We're all trying to think outside the box when it comes to giving gifts for special occasions so this year I encourage you to call Peter bank the bank you ask why would call bank for Christmas gift well first because your Smart person and second you've heard me talk about Peter banks incredible assortment of precious medals tied this is very Armstrong you can visit all Peter bank locations from Arlington to the seaport in Boston they've got one ounce and 110 of an ounce silver and gold bullion coins at all of their locations and other precious metals are available upon request these types of purchases can be Smart meaningful investment in addition to being a great gift for someone you call leader bank today at 8776917900. And learn more about its precious metal collection 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 and leader 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 -- see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW -- he ran -- 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. And when you look forward you do have to ask. How bad could things get but also how good thing could things get if trade tensions either get worse or better and the big the big question has to do which the second largest economy in the world. And if trade negotiations go worst or China that I would have concerns about this stock market currently. But the length of this bull market that we've seen is that something that should give investors pause. Well yeah I mean right now technically speaking we are in the longest bull market. In history and that would be a picture of time without a 20% market correction but you know as you can point out there have been several other periods of time where markets have lasted a really long time. 1980 seven's 2000. Pretty much went that entire time without a 20% correction although there was in nineteen point 9% correction or inaccurate. Folks the guy that's available this month is titled the signs of a stock market correction in this volatile market gives you some things to look at try to figure out what's coming next. It's free to get it all you have to do to get it is call 80393. 4001. That number again is 80393. 4001. Or you can also download it at Armstrong advisory dot com once again that is Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. If you missed any part of today's show not to worry good financial exchange showed dot com and click glisan. Then click on demand and catch up on every segment you'll also find podcasts of all of our poll shows just punch up that listen but who had financial exchange showed dot com. Trivia is brought to you by the Armstrong advisory group with the market still volatile. Now is a great time to review your investment portfolio call 803934001. And set up your free. No obligation consultation. Today. On this day 100 in three years ago. The famous Frank Sinatra was born in Hoboken, New Jersey we will be asking trivia questions about Frank Sinatra. Frank Sinatra earned an Academy Award for best actor in a supporting role for his performance in what bill. Our text number nine hard. No not die hard 63566. Is our tech's number put my first name at the beginning of your text message if you would please. Because that way it will actually get your answer. And the Lois will select a winner in the winner will receive a fifty dollar. Gift certificate for gasoline which is remarkably inexpensive raid would only pay for gas at 220 but to fifty right now so give you about twenty gallon attitudes 69 nice. Again. Sinatra earned an Academy Award for best actor in a supporting role for his performance in what film remember. My first name it's buried BA RY then the correct answer to. That question. And the winner will receive that fifty dollar gift certificate that I reference for gasoline. Morgan Stanley is suggesting that truck orders are starting to unwind for the first time in years which I'm shocked by. And tells me that the economy you wanna talk about indicators about an economy slowing down you look at truck orders. Yen in granted that this is only one month and so there's different things being late into that. But for the month of November 27900. Class eight trucks were ordered for the month. But the estimate. Had been about 39000. Orders so wasn't just a small miss it was hey we came in 25%. Like for one reason or another now. Again it is just one month so it's not the kind of thing we sale this guy's phone but it is the kind of thing where you say. Hey that's a sad about house into them is daily news started with one month eighth start some more. But there's a lot of times where you know you have these one month blip aspiration and and they can go back to normal so this one reason okay gotta keep my kindness and also. You saw an increase in cancellations too which is something that's interest in three point 8% of orders. Were canceled. The historical seasonal median you've seems to point eight and that's in a measurable increase in cancellations too so. There's something that's going on there whether it's a short term or long term thing it's unclear at the moment but within the next month or so we're gonna start to get a sense. Tucker began his never ending quest to buy a home. About six months ago ash. Have you seen many homes for sale by owner efforts. And bell have not. Is those get news into this business you see with a as those done yet this is I didn't know that they were getting into this but what they're doing. Is in four markets around the country right now Phoenix Las Vegas it went in Denver. They're running a platform called zillow offers where pretty much what happens. Is if you are selling your house okay what you do is you go on to this platform. And your address and some questions and in some pictures. And they come up with an estimate and they set up a walk through they send a realtor overtones to walk through the park at the simple walk through and they make one offer and that's it so there's no haggling or anything you say here's what were willing to pay for the property if you like it. You accept it you closed the week. If you don't like you go out news selling house conventional so your you know can get prime price. For your property position they're the date charging you was it nine partners this six to 9% to 9% commission so so what I was with a trying to figure of the business model I I think what zillow is doing and correct me if you disagree. But it would seem to me they're trying to find the desperate seller who has to move quickly. They going in and let's say the house should sell it in and and a realtor might listed for 300000. Zealous probably gonna come in and give you what to eighty. They haven't to keep my they'd have to give you'll lower prices they charge you were bigger commission yup they don't have to necessarily pay bargain basement for. I voted again to do with it well here's the one place that I do get concerned is still has only really been around. In a good environment for selling houses. And so the concern that I have is they what happens if all of a sudden they start accumulating all this inventory that they can't gloat now. You know what what does that do at this point. If they just start building up this inventory and the other thing that I don't know soon they they say that still is paying into paying cash to people actually obviously the pew giving him money for their houses were. Are they financing that themselves through credit line they have is that something you need to worry about how much debt they take on to do this just trying to figure what they do with the house. Well they're gonna sell. I. I must say that I eleven days enough arbitrage that you don't think they're gonna rent them for five years ten years I don't that's not a bad strategy. Right if if you think housing prices tenure should now going to be markedly higher and you can leverage against say yeah 56%. Return on equity. And Anderson pretty tax benefits in in theory but is there anything that suggests that zillow. Knows that now. You know it would it would have they done with real estate historic as far as what I never know raising it LL and a late it never been in this is yeah I get that they you know they they know what's fun about how you real estate's value and have tight every at edu everybody uses. Just about. I mean I think I check and I still look at once or twice a week even though I'm not buying house it's just haters wanna see what's available in my neighborhood in what what I'll see what I look at is what people. Would our neighbors have sold their houses for I find him a pass in Korea when he actually does it takes a few months for that filter and the system does and I just looked in our neighborhood nice to know they got that much for the day ago that was listed here they've actually get 10% below off for this one was 8% above you know it's it's it's interesting to see what they're actually able to get. Are you guys. Old enough to remember the old. Debt relief and credit repair scams. When you say scams. Enlightening there are a lot of companies that was it will work credit counselors and if you pay yes. 500 dollars down forty dollars a month will repair your credit score I've seen those now you have via. Those are games the age I had to face I hadn't seen a long time. Remember a lot of them in the ninety's because shut down you have that commercial and then there'd be you know greatest country it's of the ninety's that would run right after it that's how you do April it was the most you know reputable place so. That was a skit that was an old scam. A new scam is targeting student loan borrowers and and people who ate that have personal as a matter fact they just arrested one. You will they arrested the CEO of a company called Ameritech. As close to other companies that were engaged in this. And pretty much what I guess this guy Brandon freer was. Directing his. Representatives to do was to try to push customers to exaggerate their family size in hopes of receiving more favorable student loan terms of the way it works as an example. If you are applying to college. And you have new one if you one child applying. They're gonna insanity of one kid and in school at this tie him but if you tell him off get to other kids and so forth so law. It would they were advising people line which is kind of where you know the scam started sure and then also apparently he was also trying to withdraw money that was held in escrow by customers who was trying to move money from the company and his accounts illegally. And it was it looks like there's pretty much fraud at every level if this turns out to be true I remember the old credit scams and I never found one that was legitimate I wonder if there are any student debt relief. Agencies that are actually who didn't really where they actually help I can imagine car. I don't know. I don't I don't know you know it's. There's typically only so much that you can do especially when it comes student debt you know it's not something that's easily forgive them. Speaking of scams Americans spent a hundred million dollars on tropical real estate they were scant according to the FTC the scam was going on and believes. Yeah apparently be developers here were selling. Lots in a completely remote jungle area that they said would become a resort community. And instead they pretty much pocketed the investors' money and didn't build anything there and so with the FTC is frozen ten million dollars. Of this company's assets called blue eases Atlantic international banking and and pretty much I I don't know how much money's gonna be comparable here it sounds like these they spent a lot of interest on Stahl. A lot of retirees. Are. Retiring in places like Costa Rica and Belize. Because it's cheaper to live grocery is really popular right now 120000. Americans live in Costa Rica now that is up. Chopped from 20000. In 2006. Costa Rica is IC a ton of people that are spending either in some time down there and then deciding to move down there or just jump in and then a whole audience and yeah let's see how this works he's remember you're not protected by American laws no you're not your Warner. There is it is a big ex pat community Inco streak as you said about a 120000. And it's a relatively small countries so. It's easy enough to find people. He has a good from groceries. Really good for Costa Rica. But you do after realizing you're living you know in it in a slightly different world and really in some case a very different world depending on where Coastr wreak he go now if you had down. And the number of retirees collecting Social Security while living abroad. Rose more than two more than 413. 1027. Team that's up. 40% from the Dickey prime analysts becoming more and more common I'm surprised because the the the drawback to this health care so. It is and in some of these countries Costa Rica actually has a pretty decent healthcare system it still isn't as good as the top end ones began the US obviously I know what you're Medicare doesn't work. Nobody if the cost Serbian 7080% lower and you really care. It's not that coming up one of the answer and the winner of our trivia contest were also gonna talk about. Verizon if you own shares of Verizon the next segments can be very important to you that's next and the financial exchange. The financial exchange. All of ordering and 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. Were 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 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 that all their locations and other precious metals are available upon request these types of purchases can be as Smart 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 by your coins in the branch and get them gift wrapped right then and there get a head start on your holiday shopping call right now 8776917900. That's 8776917900. Or visit them online a leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank in May go down in value leader bank a step ahead. 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 -- close -- the legal exchange radio show and senior partner with the law -- of Cushing and Dolan is an expert on law taxation and estate planning. 8668485699. -- time -- -- team at -- and -- and help your family the way they've helped so many others -- 668485699. -- 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage -- bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates and 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 slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. And get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC's equal housing -- MLS number 449250. Subject to credit approval -- -- a step ahead when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media -- some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide out this month that's designed to help you understand the major factors that can lead to a significant market correction -- -- -- 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 work hard to build a strong portfolio don't let volatility throw you off course 803934001. You can download -- right now -- Armstrong advisory group. Dot com securities offered to securities America incorporated members in SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Security suffered two securities America ain't member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated the markets are still volatile. Get our weekly monthly recap but becoming a member of Barry's brigades music financial exchange showed Doug come and sign up today. From here to eternity is the name of the critically acclaimed 1950. Three film that starred Burt Lancaster Montgomery put. And Donna Reed and it also won eight Oscars including best picture. The answer wasn't die hard not to hire. Jim from north Providence new wasn't die hard and Jim takes on the fifty dollar gas card in tribute today is brought to you by the Armstrong advisory group. With markets still volatile now's a great time to review your portfolio. Or call 800. 3934001. Incident free no obligation consultation today that's 80393. 4001. And only be an I told you so but when Verizon bought. Yahoo! and they bought AOL. I said to myself what the heck are they doing it and you know they're buying companies that basically had zero value in the penis king's ransom. Yet they they ended up paying between the two of them a little north of nine billion dollars. Today they wrote down four and a half billion dollars so already taking a 50% write off on. Those two companies they've proven to be less than useful in building an online marketing powerhouse. I think you know obviously a you're bringing in two failed companies to begin west and in beat. You called it. Oh now stocks what the heck does that even the united on a day where the Dow's up 352. Points Verizon's down a dollar 42 biggest had an early retirement package tour they did they offer to about 45000 people about 101400. Took a good deal yeah I I I looked at the package we have a couple clients that number of clients that that looked at a certain. It was a heck of an offer. And by the way I'd tell you how bad. Oaks is doing which the combination of you know this season Yahoo! and AOL and to the their share of the advertising for digital ads as expected to fall 3.3 percent from four point 1% laster said it's getting worse that's about it. Not ideal. Folks there are many benefits earliest state planning in among them keeping your assets out of probate and protecting them from the nursing home. But did you know you might also be able to eliminate your state taxes. Todd lets you host of the legal exchange radio show. And senior partner with the law firm of Cushing and Dolan is an expert on elder law taxation and estate planning. Yeah educates his listeners by telling them how to maintain and protect their assets and this month is gonna brand new guide at the show you how to increase your beneficiaries inheritance. By decreasing your state taxes and in some cases eliminating those. Let's key leads inexperienced team. That's been helping families like yours what their state planning. For more than thirty years call right now to get touched new guide called asset protection strategies at 8668. Story. 5699. That's 866. 8485699. Ignore Todd in the team a cushion in Dolan help your family. The way they've helped so many others call 8668485699. That's 8668485699. Or you can also download the guide right now we go exchange showed dot com that's legal exchange show dot com. Stormy Daniels has been ordered to pay president trump nearly 300000. Dollars in legal fees yes slight miscalculation by her as well as attorney might what's an avid divers name's Mike Michael and Michael. Slight miscalculation there and so. It in cases like this a lot of times you see judges may be award. 25 to 50%. Of the amount its request in damages. But the judge you're giving about 75%. Of what was requested and so it's a pretty near a stinging. Criticism of Avant on Ian Daniels in this case is is that didn't she make a ton of money on her book and speaking tour means she primate a lot more than three hours she's probably got money to cover this but it's still was a huge miscalculation by her and her attorney in this case how so. Big eight big they're brick in the law. What he talked about. Violating. The news because that's what it's about great note this was a set this is there's just here's the thing there's been multiple cases between Daniels and and the president. And this was one that was prompted by a tweet. From the president saying that he knew she hadn't made up a claim. And she had said oh that that's in defamation and the judge pretty much said. No it's not at the hall doesn't fall in the back had a course this is not related to. Any of the non disclosure agreement or anything like that this was just. That tweet that she claimed was defamation suit the president for and the judge said. Notes not defamation this is protected speech and that's why she's getting hit here. Amazon. Has begun selling its own twice for the first time they don't expect it to replace Barbie. So they're getting into the toy biz say they put Toys 'R' Us out of business and now they're getting into it and then this is why every company is nervous to do anything with Amazon now is let's say your toy company that sells on him display can make some money in the short term. Amazon's do you ever retire Japan unit will sell your stuff in an Amazon again take all the data that they get now and say here's the Tories that people are buying here the themes that they're buying time they're gonna get into it to its. Beers I've said this before there's real case to be made against Amazon for anti trust. Issues and is a case in point and negative yeah make these this is one. Of literally. Hundreds of examples like this. And I say I don't Amazon's stock I don't want it to go down but this is wrong now like this this is wrong why did he do it. It is no one calls the monitors is so much pride knowing when is the last time we had a meaningful anti trust case in the US Microsoft. Twenty years ago now. It and there's but the law additional laws on the book to prevent them from funeral for this stuff there is that like this is stuff where it's used year. I mean effectively that's exactly what monopoly power historically was it was they were gonna renewed. Get into the same business and try to cut you out by just selling everything cheaper that that's what monopoly powers all ballots or do you think the Department of Justice is afraid to go up against them and what it if it's pretty cut and dry. We went when's the last you see with pet products and use a lot of when's the last time we saw any kind of meaningful anti trust. Which you raise a good point the Dow is up 353. Points the NASDAQ is up 144. Points and NASDAQ up more than 2% from. You don't technology stocks be aware. And let's see the price of oil is up eighty cents a barrel and gold was up four dollars and now Taco Bell 42% in our poll. Better than I thought okay. We'll be back tomorrow is another edition of the Phoenix which.