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Full Show 12-26-18

Dec 26, 2018|

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This is the financial exchange with the very Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day you're sick leave your world. Stay informed and up today about an economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck Exxon. I've been working in radio for awful long time and usually when you get called upon to do the show that day after Christmas. It's usually talking about things like taxes and would he do for year end planning and howdy projected to 2019. What not well today's a little bit different. Due to the stock market volatility that doubt go 600 points it's below 22000. The S and he enters into a bear market it's the worst Christmas Eve ever. That's what we've learned. Hi everybody it's buried Christine Dunn with you here. And any hopes we had Christina having kind of a quiet week I think you're probably at the same mindset rate come in and we talk about financial planning and it would be an easy show. Not this week we're going to be working right up till the end. Red shirt. And it's kind of this than me that he. The. Timing but it was not life that his favorite Christmas Fisher. That's right. The Matt I can't hear Christine very well in my headset I don't think you ever turned on their that. Will continue with our dialogue. Beat the market was down 600 points on Friday Iran on Monday and it was a short day of trading. In this morning to see your where. The futures have been up all morning long we had day unity an hour ago the futures are the couple hundred points as an effect on the market opened. The Dow was up a couple hundred points early up 34 points with that tells me. Is that. Stocks are selling into any rally. You yet if you get a rally in equity prices stocks are selling into that are like as the Dow solely up 22 points now it's if you know very. Close to going into negative territory. We're in a bear market and the S&P is down 20% and I think many people are looking at and saying what do I do satellite planned for that. There was a survey done by a CNBC. And it surveyed volatility and wealthy investors and how do you define a wealthy investor. We're talking about people who have built over a million dollars of invest the last sets. Eric yet did you have a chance to repeat that survey Christine did you look at it. Yeah and you know the survey was saying that those wealthy investors are planning to stay the course which basically means that they're still keeping more than half of their assets in equities. Taking kind of the long term view on things when you think about Mary. Well I think that's that's what I've seen wealthy investors do over thirty years I've been in this industry since 1984. In working with wealthy investors during that time. Andy take opportunities like this Christine when you see a 20% correction. They've accumulated cash familiar with the wealthiest of investors but it islet Warren Buffett who I think the last time I checked Ustinov about a hundred billion in cash beleaguered. Now my guesses he's taking fairly substantial positions in companies in the coming weeks. And that's what they do wealthy investors will look at this and they'll say. They always keep a wealthy investors always gonna keep anywhere from thirty to 50% of their money in bonds' fixed income and cash. And they're gonna use an opportunity like this Christine they're gonna say with cheat. Shares of the free amber really went down a water Johnson & Johnson are General Electric or Verizon under you know take your pick. And they're gonna look at it never shopping list in the use that shopping list to make acquisitions of stocks that they think are on sale. And and that's what that's. Usually when that happens it is it's always happened in the past there's no reason to believe that it won't happen in the future going forward. The thing that we should probably explore that Christine is because there's so much noise out there. Let's talk about why the market selling why we're in a correction what's what's your perspective what do you see as the driving factors behind Corey. Well anytime you have a correction this extreme extreme and mean in general the markets as you know Mary they're all about you know uncertainty. And investors don't invest for today to being passed for at least a year. Really think things and go out and things feel opaque. And they're gonna get jittery in there and try to make something a little bit safer race. So we're seeing a lot of and I think it's fair to say a lot of the concerns right now our political. The fact that we talk about the Fed yep we're talking about you know some recent tweets that have been coming out from. Leaders in Washington just you know president trump but also our Treasury Secretary. Yes his attempts to try to you allay investor fears I think just you know causes more uncertainty because people aren't sure that. That are leaders are on the same page. While I mean we've seen this though before Christine you go back to Lyndon Johnson and he was very much opposed to pathetic remember whose name was Arthur Burns maybe. Raising interest rates you know back in the sixties. For presidents don't like rising interest rates are not sure they've got that right by the way but that's another topic. Pity the I I think. The Fed and interest rates or sideshow I think the real driving force behind this correction Christine is the furor over the trade work in. I think that contributes to it. But you know nine and definitely fears about where the economy is headed to Spain the fact that you know consumers seem to stay the course this holiday season and we did have a nice. Performance in among retailers to experience a really good Christmas. But there's still a lot of uncertainty about you know where the economy is going and and also how it's going to be management and board we've got a government shut down. We've got a president to. Allegedly is. You know wondering if there's you know any move he can make regarding the bad. Down with got a Treasury Secretary. In. Calling for unprecedented meetings with leaders of you know all the major banks and Thomas is is causing concern and uncertainty. And you know you've got and global concerns about it at global. You know. Slowdown in the economy so a lot of uncertainty out there. If you always have uncertainty at you with tells me that the correction isn't. Done yet. And you know you're media get out you you worked at Bloomberg you'll put in the Boston bureau good news for Bloomberg I didn't open it and I worked there for many years it was here's the assembly. Is as right reading through our stack of stories today we have a large stock of stories to cover tonight. Still a lot of positive sentiment. And when I think back to you know 20072000. Nader 2002. Hour. You know when we experience really big corrections you know 2008 we were down 50%. In what happened and Christine Lewis. Sentiment. Turned entirely naked right nobody wanted to own stocks in and when the Dow got to 6500 people were saying is going to 4000. You still have a lot of kept looking at the story. We're Jim Paulson is saying well we're gonna have a a rally in the first half when he night teams and will stocks get back up to their aura. Anytime I see positive stories that actually makes mean it really makes me nervous about with stocks might do in the coming weeks because. I until there's blood in the streets that's when you know you've had bought right when people are panicked and and people who. He helped stocks for long periods of time until their panicked. I think the sinking go lower as a matter of fact it must declare point is a doubt just went into negative territory. It's really an up and down kind of dancing I think that you are right in there doesn't seem to be all out panic right now. And one of the things that came out of the call was that the banks assure the Treasury Secretary that they have plenty of cash available for lending. And that the fundamentals of the economies seem to be sound. That said you know the difference between now in 2000 name is science. You know we had confidence in government infrastructure Q. Make sound policy changes in order to help manage what the economy was going through at the time. On right now I think there's a little bit of uncertainty about whether we have that in place. Well I don't know a day maybe I mean I'm I feel pretty confident that. You know mr. Powell world will remain in office you'll still be there in two years probably still be there in three years. You know president may regret the decision you made because I think Janet Yellen was more dovish and I think she was aboard dovish. Fed Chairman but day he didn't want keeper he wanted to fiery brought in his own man may be regretting that decision is our fact he's quoted by different minds the more. Is saying that hiring. Well the area haven't. The the question we have is a poll questions. Are you a buyer or you seller of stocks today you can participate in our poll by visiting our website its financial exchange showed dot com financial exchange showed dot com we wanted to know. What do you worry buyer. Or a seller of stocks and also Texas or text number is 63566. Have you looked at the price of oil today Kristi. Have it today. Although a lot of news out on the on as well isn't it where react Mary. 4391. Is sure trading for oil we tumbled to 42. On Monday that was. Forty to 53. Is where we slid to interpret oil prices on Monday. As an element flow was net yeah I mean is so. Yeah I'll tell you the only guys making any money these days at the gold guys you golds up six dollars an ounce again today of twelve and if so total seven he would announce. Yes and there's a lot of sides bashing going on you know on earlier. This month. There was an agreement struck between a pack which is the organization of the petroleum exporting countries and other external producers like Russia. Do you know cut a combined one point two million barrels a dying from the market next year in order to help. Prop up oil prices going going into that new year. Com so I think you know packets definitely I mean. The prices in Horry to see how it can comity in the fluctuations in the market given the fact that. This concern out there that there's going to be a slowdown and that means less demand for. It out. If the it. That demand disease. One aspect of the other supplied new look at what's happened to American supply will be gone from about five or six million barrels a day over twelve. He beat their big question is can we produce oil at 43 bucks a girl we'll are what will happen to our rig count. At 43 dollars and there'll I don't know the answer that. It is you Permian basins of big field. And can they get it out of the ground and still be profitable 43 it's a good question. That coming up we're talk about a new law. That goes into effect on January 1 that's going to impact. Restaurants. That's next on the financial exchange. Mean this there's the charts graphs and numbers all day and just listen to us it's the financial exchange with Barry Armstrong and chuck signed up 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 the legal exchange radio show and senior partner with the law firm of Cushing and Dolan is an expert on law taxation and estate planning he educates his listeners by telling them how to maintain and protect their assets in this month he has a brand new guide they'll show you had to increase your beneficiaries inheritance by decreasing your state Texas and in some cases eliminating those taxes lets you leads an experienced team which has been helping families like yours with their state claiming for more than thirty years call right now to get tons new guide called asset protection strategies at 8668485699. Lead time in the team at Cushing and -- and help your family the way they've helped so many others -- 668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. 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 at this month that's designed to help you understand the major factors that can lead to a significant market correction to got to identify several core factors each of which you should pay attention -- and help position your assets in an effort to maintain a successful investment strategy this -- is available right now by calling 803934001. Take the necessary steps to protect your interest regardless of the market performance call my office right now going get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility throw you off course 803934001. You can download the guide right now -- Armstrong advisory group dot com. Security suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong represented if Armstrong advisory group the securities America companies are. Unaffiliated I everybody it's very Armstrong and I'm joined today by executive vice president from leader bank mr. Jake tool and were talking about this account today. It's called the Zuma rewards account and the thing that really caught my eye on this account is it's a savings account but sort of look at these guys are providing. Two point 05%. EPY. On that account how do you do. Yeah this is one of our most popular. Retail banking products vary so. It's it checking and savings companion 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 at eight here 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 a breach network yeah he's in need Yamon. It doesn't have to be leader main corn if you call fights pretty simple unions to have your direct deposit owned the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for these statements oh. It's it's something that customers would do any ways of using right now right yeah it's great benefit. And yet two point 05% annual percentage yield on your savings try finding that in another bank leader bank offers it. It's called the Zuma rewards account paying two point 05% annual percentage yield on bounces up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them on line it leader bank dot com. It's called zoo book. Rewards account ZEUGMA. 8776917. B 900. Securities offered to securities America each member senator SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated if part of the financial exchange in an instant. By texting us and 63566. Starter tell extra keyword Barry and become a member of our brand new text club tell us what you think 24/7. Right here on the financial exchange radio network. The markets are open and you know the Dow is right on the edge of being negative territory who's who's down twenty points just a couple minutes ago it's up for right now. But certainly not any sign of strength is idea as I look at the markets today nasdaq's up 49 yes appease a sudden. Interest rates are down 810 year treasury donors to 74. It means mortgage rates have come down at tech that may help rules state buyers. It is very topsy turvy market and anytime we get a little bit of morality people are selling in to that rally as we head into the new year witches. But nerve racking it three days trading mode noise yet Monday partial day. Trading on Monday. At any at that Santa rally this scary do you think he think people might view this one last. GM I don't know EA EA console which if you know they might do is flush. They might say well I'll tell you we're gonna have a bad year anyway. And so if your fund manager veteran manager even to say. You know what we're gonna elect ticker licking in 2018 and we're going to be down 15% to win you know whatever your number is. And we'll try to make it up in 2019. If it's not looking to me as I sit here right now on December 26 Christine. That's done thirty of thirtieth he's at least it does not appear to me is important at this rally. I story the story. The they don't like the this thing to remember. Is you know. Stock investors paid a lot of money in the last seniors he Disco packet. You know march of 2000. And in and eat and you look at how much money's been made by investors or march 2009 excuse me since that time. People quadrupled their money in that third time so we get a cell Laughlin a correction in the markets down 20/20 5% for the year. If it's not the end of the world Kristi you know in in part the reason which is ironic is. Workers are demanding that they get paid more money you know days like this story that were covering next about restaurants. Restaurants are ill prepared. For new mask minimum wage like did you read the story views iced it pretty it's hysteria today it's pretty interesting actually you. Bouts you know how restaurant owners and then in the Boston area. Are in Massachusetts in general are going to happen to like change the way they pay their employees to who have to factor in the tips that they can. And a community use the its unity you. You look at it and the biggest difference is. You know other. The states of say well you have to pay your service workers you know DC a living wage or minimum wage. But usually it's by them weaker by the month rate so they have the end to make up one shift where they don't make much and tips because nobody comes in. But then they make it up on another shift when they make a hundred bucks in tips. This one is is different they have to calculate. The workers shortfalls by shift and your mom and pop restaurant or your small. You know family pizzeria you've got to go through this for every worker on every shift every every day and that's going to be tremendous amount of paperwork. Yeah and particularly since I guess the payroll software than a lot of restaurants use won't be able to accommodate this change for quite awhile. You're tracking a lot of man hours manually re calculating everything. On incident being it was due by the Piero period and and like he sent that discrepancy can be pretty pretty wide so so it's a lot of work for them and it depending on how many you know staff members you have that can be McNamee several hours each day. Well in for 22 workers idea wasn't sure exactly what the numbers are but I found them. The current three dollar and 75 cent minimum wage for tipped employees goes to 435 silly at 435 an hour plus whatever the tips are. And if you talk to waiter at the you know they used to do pretty well on on there right on the tips that's like another 20/20 five dollars an hour. On top of the four dollars and 35 cents an hour thickening. Minimum wage overall goes to twelve dollars an hour on January 1 and it's going to be fifteen dollars an hour Massachusetts by the year when he 23. And restaurant workers will eventually get up to 675 an hour plus their gratuities that's a bigger remember people sit with jets are very much like six bucks an hour. They eat you know if your work and Dottie knows your Macon. So stingy price making a large multiple of your wage in gratuities. And definitely definitely. Lawmakers have sent a bill to governor baker. That would extend benefits to the national grab workers with your opinion on the story they the the house and the senate. Want the governor to extend unemployment benefits to workers who were of doubt by National Grid. I. Camille Little bit about this is the fact that under the bill that's being proposed those extended benefit costs to be absorbed by all of players who pay into the unemployment insurance system and given the fact that this is that dispute. You know with and I National Grid itself it just it felt a little bit unfair to it you basically penalize everyone. It pays into the system in order you know while this dispute is ongoing. I don't know I don't. You now. You know I I understand that the workers need their benefits and down and you don't want to leave anybody without health insurance rate banks but to penalize the entire system for it seems open and fair. We think if anything governors gonna sign. I mean according to their report we're reading you know indeed the administration was helping with the writing of the balance of you know last week. But that doesn't guarantee assurance that the governor will sign that the interest in this. You know he's in at least it beat it it's a situation the workers can go back to work anytime they want there to psyche get their pension benefit. The idea that they want to hold on to may not work now I think it Christine this goes back to June or July when these guys have been on strike. Right right. Yeah and you know the immediate health insurance then obviously now hard for any family and any individual view. Now relies on the it is these are the steelworkers union in its local 121003. If they want to extend benefits what they're looking for is an extension of 26 weeks. And that's that's a lot and they ET to ask especially for one group so if you do it for this group how do you not do it for the UAW or some other group comes knocking on the door. Looking for an extension benefits. The markets there you know there's somewhat stable today it's December 26 boxing day in Canada. The S&P is up twelve points. The Dow is up 55 points and NASDAQ is up 66 the Russell's even if you pointing brutal as the dollar 31 per barrel 43 war. Ten year treasury trading at 274. Will be back with more on the financial exchange in just a. And 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. 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 law. And has been helping families of their estate planning needs for more than thirty years he's written a new guidance on this month called asset protection strategies. In it you'll learn how to protect your assets kicked him in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called asset protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. 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That's when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media or some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide out this month that's designed to help you understand the major factors that can lead to a significant market correction the got to identify several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy this guys available right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility three off course 803934001. You can download the -- right now and Armstrong advisory group dot com. Terri suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. It's pretty hard to find a bank that -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal the you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks -- 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%. 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Eighteen missing major ups and downs in stocks but also look there remain concerned about pending bear market you need to be ready for one this month the Armstrong advisory group has a new guide and 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 and Armstrong advisory group dot com securities are protestors -- incorporated the most generous ABC advisory services are protestors Merck advisors incorporated Barry Armstrong represented a restaurant -- -- mysteries record companies are unaffiliated. Time now for Wall Street watch a look at the market's performance so far today you don't Berrian chug right here on the financial exchange radio network. Wall Street watchers brought to you by Peter bank if your landlord or property manager you'd need to call Peter bank and ask about their seat deposit program. It's a free program that streamline the opening of tenant security deposit accounts theory totally digital experience. Call physique deposit team. At 7816418691. For more information or visit them online at Z deposit dot net member FDIC. And Christine this market's. Just barely hang and ought to be positive territory you watch in the action to. I am I'm watching it kind of go up the napkin down and you know it's scenes immediately green but it's but raid on the edge there. I just think I. If I could be wrong but I I've talked to individual investors. You know this morning talked individual investors yesterday during Christmas. And you know people are are asking me you know what I think's gonna happen. And I think there's going to be a lot of tax loss selling things people do pay I think a lot of people are meant to say the heck with that. Sell off my portfolio and old it'll all come back in when things stabilized which by the way I gotta tell you that's a soccer's that. That that that I've seen I've been doing this a long time I saw people liquidate Christine back in 2008 and they they never made that money back as some people do it in 2002. They never made the money back to sit on their cell now because I know when the bottom it's gonna get considerably worse than. You know they don't ring a bell when you hit the bottom that's the thing that we need to remind listeners that there is no. Guarantee sign that we hit the bottom we could go down another 1020%. Right. And you know like you pointed out earlier that CNBC poll you know a lot of wealthy investors use this bottom. Current bottom our current decline at least as as an opportune need advice. And to say area what's the long term view here. And as you pointed out you know when that people got in. You know in March 2009 they had a pretty good run for all these years so. Senate you know there is a buying opportunity out there and all that's. Well I remember going on on on fox. 25 which is a local affiliate in march of 2009 and was maybe four days after the bottom. In the yield Christine on the ten year treasury. Was. Lower than the yield on the S&P 500 add that rarely curse. That was time where I suggested to investors say. Stocks might be a little bit cheaper now we're nowhere near that now you know the yield on the SPs around two in the yield on the ten year treasuries to 75. But that to me was this and the indication. Of a bottom but pessimism there's a lot more pessimism if your call. In march of 2009 than there is today is still too much positive energy out there. Well I mean I think there's some positive and you seen some positive energy from you know consumers certainly this Christmas season everybody else out there are spending in and buying for their families. I think an among investors is just some concern about the long term health of the economy. And you know what kind of fiscal. Maneuvering we have available to us. You know should the economy start to spatter. And I think that that is at the core of the debate right now. Do we have any maneuverability. And you know that kind of goes to. The heart of what trump has been tweeting about doesn't he is trying to figure out. What kinda levers the Fed is looking out and how much influence he can have in the Fed's trying to maintain its independence as much as it can. But you know that concern about you know what kind of maneuver ability to we have going into trying to in nineteen. Where have we used up Oliver different strategies. I think if I I I think you'd be a mistake to try to fire Jimmy Powell the that he can do anything if he thinks he has cause. But with the current scenario is not cost Brady the cause would be you know. He's caught sexually harassing a secretary or he's caught. You know we're stealing money from the treasurer something no no indication that he's doing anything like that. But I wouldn't wanna be Stephen minutia and today would you know I would not wanna be seen ammunition and by the way I do not think that. Officials like mr. in the nation should be tweeting out in response to you the other tweets that are going around I think I'll tweeting needs to stay. Never we will agree that I I I don't disagree with you but there's no chance that this administration is gonna stop tweeting and Inman notion. If the reason I think the new notions that is on the chopping block. Is one when he called those banks it was a sign of panic right victory he should have been called those bankers on Sunday there's known the news. If there's plenty of liquidity in in the banks. I think wearers why he'll get fired as he was the one that recommended to president trump that he hire cheat. And he said hey this is a good guy he's gonna do a great job and it get rated Janet Yellen Chia you don't you don't need GM you know she's like your Graham. Well I I got its idea if vodka trump wanted to keep Jenny Sheehan Janet Yellen got along quite well. And then the new ocean pushes Jay Powell on and on the president. Now the president doesn't like Jay Powell can't really fire now but he can fires Stevens knew if he can make his life miserable. Well an admonition can't keep his his phone in his pocket. You know it's it's gonna cause a lot more uncertainty out there. Yeah so. But you know you have to be concerned about the revolving door that's going on right now. And sent to see. Maurer you know seats in the administration continued to. And seeing and try to be refilled it right now isn't really what we need to work right now what we need to send. Sound policies and sound statements and some consistency coming up an office attempt. You want stability in adult pictures and again and again it born again. I don't see you and the if your landlord. 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But it's up another eight dollars and forty cents and now to 12180. Dollars to take you were just flock critical because they're scared Christie definitely I mean. Blocking is something that they hope as safe as in new. Looking for those opportunities. But yeah there's some sectors that you're looking at area that might might offer some other safe havens for for investors going into 2019. Now. You know it's it's dangerous out there unity he goal with long treasuries. In interest rates continue to rise you're gonna lose money. Go cash right dean. 2%. When your money the good thing that I was warn people about it in I had this conversation this morning with nervous investor. I said you know yet you can go to cash and and sit there. But how do you know when to reenter the market pat how to notre went to read the hole. Actually you work so darn hard to accumulate over your time and we when you're looking at your portfolio folks in the in this is just some. Council. That all provide based on money experience over the last forty years. When you're looking your portfolio say to yourself OK how much money do I have sitting in assets like cash for municipal bonds or treasury bonds. And you know if if you're mine Ager fueled the and I am outfit. If you are seventy cent ninety years old but he should probably have anywhere from thirty to 50%. Safely tucked away. Then ask yourself OK I've got disabling a 30% of your money safely tucked away in the treasuries are CDs or cash. Then ask yourself how long with that last fight it if I ever if I didn't wanna touch my stocks. Divide that amount of money you need each year. By the amount you've got sitting in cash and you have five years to have seven years you have ten years. Of spending needs invested in those safe accounts. If you do and stop looking at the stock market stop worrying about it just save your self I am gonna spend down my cash Christine. Until such time as you know afterward mama Sox is if you look at the stock market over long periods of time you know 7101520. Year periods time. You're gonna be rewarded for investing in stocks. If you keep all your money cash. You know we could be you know a period of time we Libyan dictator to a very low interest rates and in back issued and keep up with inflation. Yeah that makes sense it makes sense and we've been in the period for. Low interest rates. So they've if you look at the deficit they act they can't finance the deficit higher interest rates in Asia. I don't think you're going to be able to go out somebody like your dad I don't think he's going to be able to go out and buy a thirty year treasury 567%. For a long time the problem is. Those guys like my dad my dad's seventy years old. He he remembers being able to buy treasuries at six and a half percent and he keeps saying gee I want you to buy some of those weekend by them anymore. Available the cute. He kept by a model T anymore and it just they've there's certain things that just aren't available for sale and that's wonderful. And when we come back would be talking about unions labor union specifically ruby talking about it Teamsters union. That really took a lot of race seasonal workers hate it here be shocked when you're this next story on the financial exchange. Stunts distanced. Oh you're portfolio keeps the financial exchange with Barry Armstrong and chuck sun up on the financial exchange radio network. When he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media -- some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide at this month that's designed to help you understand the major factors that can lead to a significant market correction to got to identify several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy this 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 in 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 securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. 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 crushing -- Dolan is an expert on law taxation and estate planning he educates his listeners by telling them how to maintain and protect their assets in this month he has a brand new guy -- we'll show you how to increase your beneficiaries inheritance by decreasing your state Texas and in some cases eliminating those taxes let's -- leads an experienced team which has been helping families like yours with their state claiming for more than thirty years call right now to get -- new guide called passive protection strategies at 8668485699. Let 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. 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 roles they 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 -- real state clients such as ECH payments mobile banking remote check scanners and it's innovated to see rent payment platform leader bank has a team of business bankers there on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many greater Boston's premier property management and real estate companies use liter bank as their banking partner call 8776917. To 900 or email BBO at leader -- dot com for more information member FDIC equal housing lender. The market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back in the correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including 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. Juries are for securities America incorporated members in SIPC into my reserves is our securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. It's our daily poll question had financial exchange showed Doug John. Vote your conscience. There are just vote go to financial exchange oh god come and test away. Well we came across a story about union workers Teamsters. Specifically. And these are seasonal workers at UPS were talking about days seasonal workers at UPS and typically higher in. You know October November to get him through the Christmas crunch and that Christmas crunch for bodily runs through. Pro with the middle January little to return to their dealing with Christine teller but what happened here is a very sad story. So apparently in order to be able to get these spy on temporary jobs he seasonal jobs that they were required. To join the Teamsters union. On that represents workers to work for on EPS. And on the we workers thought that since the initiation fees for joining the union are gonna be spread out over time. But instead with the union did is he hit up all of the workers with the 500 dollar fee up front. So when these workers got their first paychecks it was 500 dollars laps. So there goes all of their efforts you know for a three month period. Right there with this initiation fee. Lying you know a lot of these workers Christine day they'll start in October. Maybe November December depending on when they're needed. And then they're gone and they'll never work for UPS again right sedate me get charged 500 dollars to join the union. And makes you wonder either expect I think this is the type of story. That leads people of the leads to the unpopularity or the lack of popularity of unions it's it's almost like a thug tight. Type tactic right it is lack of disclosure. And the workers say okay. You know weight they give you're this woman her name's Sheila O'Malley from Charleston. I I. Find it hard to imagine that she's gonna wanna go back to work their next year yeah I mean according to the story that we're reading here her paycheck. Ended up with just fourteen nights if she sense. After you take out all of you know taxes and clearing house. So her effort at trying to get a seasonal part time job to help with you know all the those that we all have to deal with during the holiday season. Completely fell short and in now day union is saying from now on you know we're not gonna do that she's never gonna get that money back. No and that's the unfortunate thing here. By the way you know I wanted to give a big shout out senate become I'm very going to get big shout out to all of those. Workers with FedEx UP Yassin the Postal Service all of them who put in yemen's effort this season to try to get all those packages done on time online sales are up tremendously. But that man's all of these people had to go out there work really really hard to get those packages to people on time so thank you so much for your efforts for the. They did in cedar rapid delivery percent to two news on time delivering news. Better than last year even though they're busier day packages volume goes up by I don't know 1520%. But dear percentage of goods delivered on time. For FedEx UPS and the Postal Service all the new increased over what it was last year I technology's helping. Technology is definitely helping UPS's mentioning that means Bassett in San. Technology you know lord help them with tracking in writing and rewriting packages as needed. Inside instructs the era there all hours of the day inmates. Good job market. What do you make of this Carlos golden story talk about people who had nice Christmas you know you are with your family nice Christmas I was with my family Christmas. Carlos gold stolen jail. I feel badly for him if if the accusations are correct I mean there calculating right now that he might have understated his income. For eight years for a total amount of more than eighty million dollars that's a treaty seek new feat in its misrepresentation. And he's he's going to be remaining in in jail in Japan for at least the next few weeks they invent. CE this further. Seattle not buying in sight I I think I smell a rat. I I think would happen here's the Japanese which is the Nissan part of the company theory of Nissan and however no. Now Nissan is 43%. Owned by Renault. And I just think different period did the Japanese don't like dealing with the French and they don't didn't like dealing with Carlos Gomes. I think there cook up these charges they you know he'd been in jail sentence before Thanksgiving Christine. And he's not been allowed to talk to where. Will that he should be allowed to speak to lawyers that he can properly defend himself against any accusations. That's a pretty significant. Accounting difference though so it is it is it in and if he's guilty but if if he is really guilty. Why not let him have the benefit of the council to it why not let him have the benefit of of his accountant to to explain. You know the next to Jack I in my opinion. I think the Japanese very suspect here I I think it looks because they've admitted I got witnesses in the fact that they. You know may be their own Byron ill right the Japanese camp like that. And then second of all they don't let him talk to an attorney they put in to see they they also put in the guy Greg Kelly here Jeff Kelly. They put him in jail. It is well and a false pretense that they suckered him into coming to Japan right under fault false pretense as soon as they get there they thrown in jail is. The when you don't allow somebody basic legal rights. It makes me suspect of the charges. Yeah I don't know enough about the T process systemic in the Japanese legal system to be able to comment on you know whether or nine it's heat in. Afforded his rates. That the accusations are pretty serious and you know to offload personal investment losses on your company's books and under report your executive comp. Whether or not that's just in a difference in accounting procedures whether there is concern about the fact that Nissan is 43% owned Byron no. And you know I think we have to wait and see how the investigation pans out but they do agree he buried that every once you have the right to counsel. Again I don't know enough about the Japanese legal assistants know when that process will occur. We'll see. You know the we started off the show with a conversation about the stock market in asked the question news. Are you a buyer or seller of stocks today you responded on our website addresses financial exchange showed a column thus far. 81 point 8% of you are saying no obstacle buyer in the stock market. The team percent of you are saying no I'm selling my equities. Well if you're selling your equity you're doing it on a day where the Dow has turned negative the Dow is down 63 points yes and he's down to what's this is what I feared would happen. He positive open after real tough day of Christmas Eve. And that negative sentiment continues. Into today boxing where to talk about the markets. When we return it's very Armstrong and Christine Dunn and two extra. It's not too late to get a great grade and whole 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 calling 8776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. 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 but I bet you didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep a partner with the law firm of Cushing in Dolan isn't expert and elder law. And has been helping families with their state claiming needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Bennett you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state taxes fishing in Dolan has a long history of helping families like yours with their state planning and he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC's equal housing lender ML customer for Portland to try zero are 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 were talking today. About the signs of a stock market correction with market volatility up significantly since the start of October. It is something that is on the minds of many investors and Mike. One of the questions that I think people have today is. Is this more bit. More expensive than they have been on average when you look at the price of that stock compared to how much earnings they are expected to generate in the future in terms of where we stand compared some of those averages are there any numbers out there that are concerning to you right now. Well you know one of them is that if you look at the case Shiller price to earnings ratios average stocks right now are trading about 84% higher than a longer term average going back yea you'd really have to compare to say the dotcom bubble back in 2000 deceit. Had just how overvalued stocks are in now compared to times in the past. In it doesn't necessarily mean that things ballpark today or tomorrow but it is just another data point that you have to be aware of there as he goes through. Your investments folks we do have a guide available it's titled the signs of a stock market correction. In all you have to do to get it is call 800. 393. 4001. To guide is free to get in once again the number to get that guy is 80393. 4001. Or you can also downloaded for free at Armstrong advisory. Dot com once again that's our strong advisory dot com. Securities offered to securities America incorporated 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. In medieval times a sharp was often the difference between victory and defeat. For skiers and riders that Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. When he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media 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 guide 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 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 the -- right now at Armstrong advisory group. Dot com securities offered to securities America incorporated members in SIPC and advisory service is offered to securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The market has been extremely turbulent and 28 team the Dow NASDAQ and S&P have set new records and then slipped back into correction territory yet uncertainty about future performance remains in strong concerns about an impending bear market continue to worry investors hi this is chuck Donna I want to alleviate any anxiety you may have your portfolio won't survive a significant market correction clearly we can't predict if some wins but we can't prepare and that's the focus of our brand new guide this month we've identified and number of key factors to keep an eye on that could contribute to significant market correction including over valuations in the market and rising corporate debt to receive your free copy of our new guide the signs of stock market correction call 803934001. That's 803934001. Or you can download the guy right now that Armstrong advisory dot com. Securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. 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 a deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to -- businesses that number again is 8776917900. Or visit them online at leader bank dot com. No deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings were subject to change without notice leader bank a step ahead member of the icy. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're sick leave your war. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange we have Barry Armstrong and chuck son. And the rest. Offending those of you who art capital there's gonna refer to this morning's stock market rally as woods. Proverbial we called the dead. Cats now let's hi everybody Terri Christine I'm done with you here they are you had a owner Christian and I do look at it I I like now. You know and and it in the dead cat bounce folks if you are if you haven't heard the term before. What it means is after you have a big stock market correction like the one we had on for a one Monday keeps it frightens Monday. Christmas Eve date housed out 600 points and you know just the wheels came. And this morning what happened is you saw the market rally you have detected that was a couple hundred points. And I just said to myself what we opened the show Christine exit boy you know I just I just have this. Fueling. That a lot of the fund managers with it there hedge funds mutual funds money managers. Are just saying to themselves. You know what I'm not feeling it and the market rallies on and sell my stocks some of them and if that isn't it. You know they leave they started sell things as music. Yeah we're definitely seen that in him precipice. Approach here meet up and down up and down in the green right now will be in the red shortly so. Your theory seems the bearing out. You know just it would you think you've got it figured out those when the market makes cool you know be that guy ITE eight years take all I've got this I know what's gonna happen in. I don't know I'm just telling you folks who might gut feelings. I I think this thing still wants to go a little bit lower the Alitalia. Valuations when I look at things look at the prices like there's a lot of stocks that I wanna buy. And things of that same one FedEx is trading for 152 dollars this year. Blackened by Johnson & Johnson for 122 dollars a shared gee he's always on sale GE six dollars a share of success mediator share arise and like if you look. You know it's inching Christine has to look at some of the dividend paying stocks yeah. If you looked at Verizon today at 52 dollars a share you buy that thing. They are forward dividend is four point 3%. That's pretty good yeah. It's not a bad you know so I think you're gonna see at some point investors are gonna say while not make it much monument cash maybe I'll start buys stocks that doesn't. Appear to be today I think that's the the point one make have you ever looked at the negative sentiment indicator to do that when your Bloomberg when your expertise ever look at things like that now rides in look at that that would that. It's Michael brushed does he's a friend of mine need writes for MarketWatch he's got a newsletter. And it's eight he tracks. Then he literally accounts the number of articles that are being written. In various publications like kuril publication Ural media sources Bloomberg in the Wall Street Journal. In the count how many of them are really dire mean you know the market's gonna go to. You know 151000. Verses. The story like we have from Jim Paulson today worries and while the market couldn't you know will recover in the spring. And he doesn't buy stocks until he's convinced that you know they the and it works if you look at the history of it you know you wait till everybody else is selling and that's probably your time to buy. Insisting. And to think it has become anything recently now and that's that constantly eating. That that that makes me nervous approach talked to her in the week he I would be surprised the team owners against bore on Friday. That you about what are reach out to him NC Michael brush trees in your contact list. And see if he can come on you know tomorrow our Friday he's probably around I don't know wary or use C news New York the my guess is that we ask him nicely. Into iTunes or they will do. The risk of a heart attacks increases on Christmas Eve and Monday mornings like survive Christina and have a heart attack. Believe that in its. Relaxing Christmas holiday and Rory able to injure yourself and family. At this is a scientific study that was done. The British Medical Journal very credit journal found that the risk of both potentially fatal heart attack. Peaks by 37%. Around 10 PM on Christmas Eve. Particularly for older and sicker people most likely due to stress and anxiety. During the holiday season. It's said that these are likely people already. At risk of having a heart attack. The risk was also higher during the New Year's celebration. And mid summer holidays and it ADM on Monday morning's. But not during the Easter holiday or major sports events the study concluded interest ecstatic. And they cited the fact that during these times people tend to smoke a little bit more drink a little bit more. On and Alter their sleeping habits either singing too much or too little at that time. If you think a lot of people do find the holiday season pretty stressful enough last minute shot paying in last minute getting everything together can definitely. Aggravate a lot of the stress that people feel that hopefully people are able to relax between the two holidays. The risk of heart attack was highest in people over age 75. And those with existing diabetes and heart disease right so if your heavy drinker. Heavy smoker you've got diabetes and you're 75. Messages here don't buy agreement in this. Right effect for the. That's what we're trying to convey today that that's a that's C with. That was. Great. That was so. Learning experience I ate that they were trying to inform people as to you know with their behavior should be. You eat the the market selling off at right now the Dow's positive territory but it's it's it's a strange market because. You've got a lot of job openings road record level of job openings housing market staples not great news last month or two but it's still pretty strong. In did you see these retail sales numbers. Really really strong so the indicator that I always look for is the same store sales number in same store sales are. Sales at stores that are open at least a year so not bad news stories and that was a four point 3%. Which given the fact that we had such a surge in online sales is a very strong indicator I mean that is a very strong number it shows. That people are out in the store shopping injure roots. Experience that this year I avoid the stores like the play. I use the I would rather go to the dentist again root canal than go to the gallery. And again and shop I just it's it's a detestable experience I'm a big online shopper. I David but they don't you like it you liked shop argued that's your thing. It's like being back I do and. Right to enjoy shopping but I've become an online shopper and you're trying to I'm one of those people are trying to get everything done before Christmas Eve between him. Work in kids and everything else online shopping is definitely convenient as become my name and become my motive choice. I sent my kids out though with with their grandparents and they got to hit the stores and they taught. Holy day to show it off. Somewhat off and grab my Jeremiah you Nigeria. We're on to your tricks that day ray. Here's EU were complementing the drivers and I just want to give you some statistics. UPS. Delivered 98 point 3% of their packages on time for the four weeks since Thanksgiving that's up from 94 point 1% last year Christine member last year they had a tough year. They said that extra capacity and technology. Three route packages help them. On line on time performance for FedEx. And the Postal Service came in 96 point nine and 98%. So the post office coming in at 90%. And that's about the same as last years of the big improve over. Was UPS they they're the ones that made big strides. Yen is really significant because they really seem to be caught by surprise over the last few years trying to get all those packages out when they did. I know you see those brown boxes pretty much everywhere and it always seems to be a long line at the UPS story is people are trying to mail things out. So that was very significant and with the 13% of total holiday shopping. A thirteen 13% a pretty big number that's been growing steadily over the last several years. Yeah and you know online sales grew faster than. Regular sales at stores rising over 18% this year it's pretty fast clip. It is you know that that's what tells me like if you're looking for an indication. That the stock market correction is temporary. Look at retail sales. In the because that's that's the indicator of the real economy you don't go shopping. For Christmas. In the your feel pretty good about your prospects for job in this year a few bucks in your savings account rate your day. And in the retail numbers were were really really strong so I think. Yeah they got markets down in Marion bear market territory. How long we're gonna be there and all the consumer seems pretty resilient. From my perspective what do. Did you did you I'd take the kids to the movies during Christmas all very gonna do this week. We didn't a couple of weeks before Christmas we didn't do it this week but and thinking about it I amounts out and again topped the box office over the holiday weekend performing very very well. But is it out over 72 million I think they had in in ticket receipts this year and then Mary Poppins returns is also very pat there actually heard a lot of positive things about that from friends who went to see it. Did you met with this -- command have from rotten tomatoes. Yes so far so good for them they have a 64%. Fresh rating on the tomato meter and audience score 82% which is very very good it was very well received. They're making money I mean it you know as in usual Christine about that movie is they opened it in Asia. Before they opened it in the United States and in the UK is not that they because I think in the keep it open on December 15 and here it opened up. It when he first they're really pushing to try to capture. The marquee here right at Christmas. Yet fresh story I've heard two union supposedly really good reviews I don't know a lot about the app romance story it's. But they seem to have provided in the western line. It can't take the kids. Kennedy here we're relying and you Christine helped bolster the cockpit view you are our target market. Coming up we're going to be talking about the states where tensions are safe. In the states where pensions are in trouble and I got news for you folks you live in the state were pensions are in trouble that's our next topic on the financial exchange. You showed little before everything business and finance it's the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. When he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media or some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide out this month that's designed to help you understand the major factors that can lead to a significant market correction to got to identify several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy this guys available right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility throw you off course 803934001. You can download the guide right now -- Armstrong advisory group. Dot security's effort to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities and our two companies are unaffiliated. The state planning can have many benefits especially if it's done early it's extremely important to protect the -- that you worked so hard to retain him but -- didn't know that if you do -- claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not -- let's -- a partner with the law -- of -- and -- is an expert an -- -- and has been helping families with their state -- 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 estate taxes fishing in Dolan has a long history of helping families like -- with their state planning and he can help you to call right now to get -- new guide called passive protection strategies and 8668485699. This 8668485699. Or you can download the -- right now from our website legal exchange showed dot com that's legal exchange -- dot com. 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 homework meter banks specializes in a wide variety 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 there are local decision making music faster closing we're bank is the number one purchase slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. And get your great rate on home mortgage call now and dale milieu 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's equal housing lender MLS number 449250. Subject of credit approval leader bank step 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 rape then in the air 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 god guaranteed by the bank in May go down in value leader back a step ahead. The financial exchange. His coal or murdering an and also now in West Palm Beach, Florida. Check out our website at financial exchange showed Dutch come and find the station closest to you. This is the financial exchange radio network. Though. We received a message on architects like that a lost your audience it's very. Album mailman on the case. That talks to one my buddies and yes their package volume was down this year. And hours moves opposite the postal saying they are packaged those up 38% it was a crazy year but I think planning a pass lessons learned. Helped us. And we heard anecdotally. The same story from truck when he talked to his UPS driver. Where is in 2017. Christine the drivers were working 6070 hours a week. This year they were getting the overtime that they were receiving in 2007 teens I think a lot of the shift was to the postal service of course those guys are no overtime. Then Nokia interesting interesting to hear from our audience numbers and by the way your text numbers 63566. Should you share cared usher story this it is time for trivia. And we play trivia every day here on the financial exchange on this date 99 years ago. Boston Red Sox star Babe Ruth was sold to the New York Yankees by older. Harry free easy beginning BE 86 year curse that followed the Red Sox until the year 2004. Will there be asking trivia questions about Babe Ruth. Exactly how much money was Babe Ruth sold to the New York Yankees four in total so. When we traded Babe Ruth to that dreaded yankees wouldn't we get in return how much money did we received her public when he did Harry breezy receive. The sealed the Red Sox back and nineteen. Whenever was. Our text number is 63566. Don't forget my first name at the beginning of your text message. That would be buried BA RY. Exactly how much money was deep route sold to the New York Yankees four in total. 63566. Is the tech's number. Let's talk about public pensions Kristi. You know you're a homeowner in Massachusetts means New Hampshire Florida. And undoubtedly you receive services from people like school teachers firefighters. And police officers all these employees are covered by state pension plans. Well turns out Christine the last thirty years. Politicians have not been put the money away for these firefighters policemen and teachers. Surprised to hear about that but I was surprised. By the fact that Massachusetts ranks 39. Among United States. For funding these pensions. That's a lot. Graver than I expected it to be I expect in Massachusetts to be better. Topping the list here and Kansas State it's Wisconsin Wisconsin is 99%. Funded. You have to Cota is number two Tennessee in new York and Nebraska those at the top five. Well in let's just stop you there for a minute four of those five are pretty conservative states in New York State. When they went through bankruptcy back in the seventies they said hey we have to right the ship here now taxes are exceedingly high in New York. But they do put the money away for the pension plan. Ray and they're not relying that means on the markets to help make up the difference which I think is an important point to make it to make sure that you have the funding available. Back in on the opposite end of the spectrum on the bottom five are. New Jersey is and at the vibe at 31%. Content you also 31% said they're tied Illinois communicated and Colorado. Let's run through the New England states and Florida Connecticut has 41% funded. Rhode Island is 54%. Funded Massachusetts you mentioned earlier is 58% funded New Hampshire. Usually a pretty judicious state terms their finances. 50%. Funded Vermont to 64%. Funded. And fla. Is 79%. And means to the two best states and our audience would be Florida at 79%. And mean 77%. For the rest of view it that live in the other states that week we talked to every morning. Would I would suggest to you is that your taxes are going to be going up the your taxes. In especially the really bad states you know a year Connecticut's junior. You Rhode islands in Massachusetts in your New Hampshire so only two ways to make up that deficit right you either. Raise things like your property taxes which I think you're gonna rate rise pretty rapidly. Or cut services are you eat photo. Hear your school district and say well you got to fire five teachers and you got to fires cops fires and fire fighters that's very unpopular. So I don't I don't know which it's going to be but it's going to be combination Christina reduction of services and increased tax rules. Ray and it's important it's an important thing that we need to be thinking about because at the same time we need to make investments in our infrastructure. Right and one of the things that is very clear is things like bridges things like school building things like roads. We fled a lot of those go we need to we need to upgrade we need to invest in none as well so. Raiding the ship it needs to be an important priority for all of us moving toward and I think you're right Barry. It's gonna common direct line in our pocketbooks and rising taxes. Well in this is a situation where your dad and I have really let down the next generation because we didn't fund stuff. You know when Deval Patrick was governor. Of Massachusetts tonight I wish I knew the numbers for Connecticut politics and don't but I studied the Massachusetts pension plan parties extensively when the Houston office. The state only put the state matching funds into the pension plan twice during his eight years in office now. So they took it out like if you look at your teachers in your cops your firefighters. Don't blame them the money's coming out of their paycheck if you're firefighter this isn't on you this if you're cop this isn't your fault. This is the fault. Of your political leaders what they did was they said hey mr. firefighter were to take the money at your pay your misses teacher were to take the money at your pay. But what they're supposed to also do Christine is are supposed to put the State's funds in the same time. In what they did they said well you know work it's kind of a tough year and and we'd rather fund. You know this bridge to nowhere some stupid social program and then the result is the pension money never gets in the so what's gonna happen is you'd hit a wall like he did you reverend central falls Rhode Island story few years ago. And where they eat they just defaulted on their pension plan. You know your your not gonna see big states default. But they're gonna have to raise taxes and in people are going to be mad as heck when when they get wind that. Hey coming up we're gonna do a couple things. Great to have the answer and we'll tell you who want our trivia contest orbit also. Talk about a guy who found an 86 million dollar lottery ticket in the backseat of his car. Where worship any amendment with that car would be worth if you buy it. With the public and 86 million dollar winning the lottery ticket you found his car there are also taking a look at the oil ugly dispute. Down in Venezuela and Dion that's next. The financial exchanges alive on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. There are many benefits to early estate planning among them keeping your assets under probate and protecting them from the nursing home but did you know did you also might be able to eliminate your state taxes tablets -- coast of illegal exchange radio show and senior partner with the law firm of Cushing in Dolan is an expert on law taxation and estate planning he educates his listeners by telling them how to maintain and protect their assets in this month he has a brand new guy that was show you had to increase your beneficiaries inheritance by decreasing your state taxes and in some cases eliminating those taxes lets you leads an experienced team which has been helping families like yours with their state claiming for more than thirty years call right now to get tons new guide called passive protection strategies at 8668485699. Let's ultimate team at Cushing and -- help your family the way they've helped so many others -- 668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. In medieval times sharp says was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. We are all trying to think outside the box when it comes to giving gifts for special occasions so this year I encourage you to call Peter bank the bank you ask why would call bank for Christmas well first because your Smart person and second you've heard me talk about Peter banks incredible assortment of precious 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 love cult leader bank today at 8776917900. And learn more about its precious metal collection that's 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead this is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of Wednesday with zero -- banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit www. C Rand dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months -- free for all landlords visit WWW dug see rent dot -- to learn more or call 7816418691. Hi this is chuck and Mike from the financial exchange with volatility up over the course of October and November. One of the big questions of people have is how much worse could the stock market correction get Mike. Simpson 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. Rate yeah absolutely I mean certainly nothing has. That's it started to wrap up some negotiations with Canada Mexico. A lot of negotiations with Europe have pretty much been dealt with. And it when you look forward you do have to ask. How bad can 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 yeah 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 kept pictures time without a 20% market correction but you know as you can point out there have been several other periods of time where markets have lasted a really long time. 19872000. Pretty much went that entire time about 20% correction although there was in nineteen point 9% correction during that appeared. Folks the guy that's available this month is titled the signs of a stock market correction in this volatile market gives you some things to look at try to figure out what's coming next. Spree to get in all you have to do to get it is call 800. 393. 4001. That number again is 80393. 4001. Or you can also download it at Armstrong advisory dot com once again that is Armstrong advisory dot com. Securities offered to securities America incorporated member SpinRite SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. You might not be able to keep up with all the latest business and finance news but we. There's the financial exchange with Barry Armstrong and chuck soda on the financial exchange radio network. Us us. Throw. Out east started off of the show saying you know mark there was a couple hundred points and you know it's only 1130. Put the markets now up a 160 points so what's happened with market actions morning hoaxes we started up. You know couple hundred points for it to be an opening bell 20225. Points and we dropped into negative territory. Now or settling in with the Dow up a 160 points that's actually a very good sign. What's really more important is take a look at the market action between 3:45. PM and four opium that will tell you. With the big boys are doing and will we'll certainly report that two more. Answer tort trivia question. Which the question was exactly how much money was being bruised soul to the New York Yankees were in total the correct answer is 125000. Dollars a contract to Babe Ruth was sold to the Yankees. Per 100000. With 25000. In cash being paid up front I'm guessing we have a winner Christie. We do we do our trivia winner today is Steve from mark Stan mills. That's Steve from our Stan mills and congratulations. Steve you have won today fifty dollar gas card. And trivia today is brought to you by the Armstrong advisory group. With the markets still volatile now's a great time for review of your portfolio. Call 803934001. And setup your free no obligation consultation today that's 803934001. Sort of kick out of the story of British man hit one of the largest lottery jackpots in the country's history. But he left the golden ticket unchecked for weeks in a pile of papers in his opinion this according to local reports a saw this at MarketWatch. And he's from the English town of Boston. And he I guess his wife or his his niece again kept badgering him to check the tickets checked and tickets. And said he finally decided to and there. 86 million types who think he's at it it it's six million dollar bail out. Not that way to find something in your car and a note. To self check your car for lottery tickets to clean up or say. Yeah I can and biggest yet to actually buy them in order forward to and that's possible. It's true. I saw our very curious story. In the journal this is on Christmas even oil exploration ship run by ExxonMobil. Halted work and fled after being intercepted by Venezuela's. Navy. Rekindling a border dispute between in two nations just as a separate political crisis threatened Indiana's. Government does this whole border dispute I don't know if you looked into this about it dates back to 1899. Kristi. That's right Venezuela. Sixty years after a Paris arbitration tribunal set the boundary rejected the boundary saying that it had been cheated. And it's caused a real problem for Dion on because. Dioner. Has been working with Exxon. On the Angus is a consortium that's led by acts signed in and that consortium has spanned ten offshore. You know oil deposits common they've been researching none and that's why that ship was there. That Venezuela is claiming that area for its own. And this comes as the president of the Keon. On who has been diagnosed with non hodgkin's live lymphoma excuse me lymphoma. On my guess earlier this year. On Ian he's fee seeing a me a crisis there because they're they're calling for elections. On following his. Following his diagnosis. I did notice oil prices are up two dollars and 42 cents today it's 4490 fives that's actually. You know some would view that as being very good news. They use the you know little that are rallying you don't like it when you think about Jack it'll buy gas for my car. But on the same hand use you look at and say OK what does that mean for the underlying economy back that oil prices going up 5%. Today. It that's positive in in many parts of the country. Estate planning can have many benefits especially if it is done early it's extremely important protector assets that you worked so hard to attain. But I bet you wouldn't know that if you'd do your state planning to write you might be able to eliminate estate taxes. If that sounds too good to be true it's not outlets is a partner with the law firm. Of Cushing and Dolan he's an expert in elder law and he's been helping families with their state funding needs for more than thirty years. He's written this brand new guide that's out this month called asset protection strategies in 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. He eliminating your estate taxes. Cushing and Dolan has a long history of helping families like U verse with their state planning. And I can help you to call right now to get tots new guide called asset protection strategies their phone number is 866. 848 5699. At 8668485699. Or you can download the guide right now from their website it's legal exchange showed dot com that's legal exchange show. Dot com. Well it happened they would have been waiting for to happen but it's finally happened the total cost Christine of the Social Security program and when he eighteen. Is one point 03003. Trillion dollars. And it's projected to exceed its total income of one point two euros or one trillion. Resulting in the programs first deficit. Since 1982. My question to use. Is this enough of a crisis were congress finally deals with a. Doubtful given the nod to that you know we're struggling right county evening keeper government open much hostility anymore crises out there. But clearly some thing mats needs to be addressed in the same way he is he were just talking about earlier Barry. The pension crisis. Going on across states across the last. A reckoning is coming and we need to figure out how we're going to meet these obligations. Edit it runs out of money. In the year as I understand it there because he gets these statements from Social Security periodically. And they'll say you know yep we have enough money to pay you this benefit we promised you that you paid for by the way. Until the year 2033. And at that time in the year when he 33. Then we you know there's only enough money to pay you about 74%. Of what we promised project if that. Would. Not late to get that it on it all the more reason why do you think fans. You know we think about education moving forward we need to started to key area and people about the need to take care of themselves with some of these obligations. Because I don't think people really fully understand the importance. Of planning for their retirement right from the get go. We're on answer making these decisions you know as soon as say graduate from from college. Speaking of our illustrious leaders in Washington DC. The trump administration warned on Sunday that the partial government shut down. Could stretch into January. Squeezing furloughed workers and shifting a high stakes spending fight. Into a new congress where Democrats control the house. If you heard any. Whispers about any kind of resolution to this the government shut down. Haven't spent you know we are for. Pacing the fact that the court or federal offices are being closed and that means that hundreds of thousands of federal workers have to take unpaid leave. That's got to be a tough thing to swallow when you're facing you know the holidays in mind relax during the holidays. This is unpaid leave for all of these for all of these federal workers. And you talk about green is some of the Merck contract workers to. And there are literally. If they're not gonna get their bad day like a lot of the workers Christine. Bill you know they'll be furloughed for week two weeks maybe even a month if if they shut down really got extended. But they get their money be they get paid retroactively. Let's go back to work. But if your contract worker you don't and you're just out that money that's that that's a tough battle the small for a lot of people. That's. And have an interesting impact on the markets to least in the short term. In given the fact that we're facing uncertainty as it is but no the Commerce Department can't report on a lot of the normal economic statistics the markets rely upon minorities he had the economy's doing. So I believe that that's one of the department's it's closed repairing. Yeah and it's the it is and be the we knew it when you look at a few government shut down it does impact GDP. I was looking at some numbers on the the tariff war. And that's about six tenths of a point ING pretty. So you look at all this and it it doesn't scream recession which is that the stock market's telling you were going into recession. But the economic indicators when you look at those Christine they're saying no wait we're not coordinator recession will let growth might slowed us I don't know one and a half to 2%. That's not a recession is still growing at one. Percent. Coming up next we're to talk about while way they wanted to give. Free Wi-Fi for a stadium a football stadium will talk about that and why it was rejected when we return to the financial extra. And include. Reid -- in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is 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 -- lets you post ability to exchange radio show -- senior partner with the law -- of -- in Dolan is an expert on law taxation and estate planning he educates his listeners by telling them how to maintain and protect their assets in this month he has a brand new -- that will show you how to increase your beneficiaries inheritance by decreasing your state taxes and in some cases eliminating those taxes -- -- -- an experienced team which has been helping families like -- with their state claiming for more than thirty years call right now to get -- new guide called passive protection strategies at 8668485699. -- time -- team at -- and -- and help your family the way they've helped so many others -- 668485699. And that's 8668485699. Or you can download the -- right now from our website legal exchange showed dot com that's legal exchange -- dot com. 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 co 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 headstart on your holiday shopping -- 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 on guaranteed by the bank in May go down in value leader back a step ahead. 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 homework meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 877697900. That's 8776917900. 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Is the number to call or visit them online at leader bank dot com. -- -- equal housing -- MLS camera for Portland to -- -- subject to credit approval -- -- a step ahead when he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media 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 -- -- 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 guy is available right now by calling 803934001. Take the 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 -- volatility throw you off course 803934001. You can download -- right now -- Armstrong advisory group dot com. Terry suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. Security suffered two securities America ain't member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong represented Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. Thanks Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. To better appreciate this story yet to understand the background of law wave technologies. I I don't know how better describe it other then it's a Chinese corporation. That is been involved in corporate espionage and espionage here in the United States. Bad actor and labeled such by congress withdrew three years ago Kristi. Yeah I mean right now they are the world's biggest maker of telecommunications. Equipment including cellular tower electronics Internet routers and other modern communication how hardware. They're also the world's number two Smartphone maker behind Samsung in what's significant about that is. They've been accused of using it as production of those technologies. To use by. On and countries around the world much has gotten them into a lot of trouble ends. Recent lane on I guess they were trying to improve their image in the last by striking a deal with the Washington Redskins. To give. Free Wi-Fi throughout the Redskins stadium and I guess some government officials got wind of that and clamped down. Yet they shut him down. I mean me the is this you know the more you look in a while way in and there are with they've been doing for the last twenty years. The you know. Their biggest crime my guess would be. The fact that they've been feeding American technology. To Iran and if that that was the kind of the icing on the cake coolest. OK you guys just if that's why we arrested the the CFO. In Canada is if they're just breaking every law on the books. Right. Ends you know we knew. When you. On facilitate Wi-Fi in a place like this stadium. You can also grab. Encrypted emails and you know and there are a lot of high powered people who flows through a stadium like that for a government officials just don't want that to happen if they don't fail why everytime we are using your phone and you shoot and email off to someone you don't wanna have to worry about what's being captured and. Now do you think the president has figured out that it's probably not in his best interest to fire. You mr. Powell. Let's everybody saying is it a man seen a lot of headlines flashing that he's finally realized that he really you can't. He can't fire and me doesn't have the ability to do so and you're seeing a lot of people coming out trying to calm down the markets about the fact he's gonna make a major change. You know he wants to fire somebody else. Be interesting to see which had roles now we've had a lot of changes and that administration recently haven't linked misleading revolution defense. Well supposing the headlines are saying that he safe as well but I guess we'll see in the coming weeks and it didn't help the nation's position that he. Mean that panic Collins Sunday. Yeah I don't know what that was all. How you like a big maybe the president was lean and on the new option to pay what the heck is going on the stock market right. And then that leaked out so Steve minutia and is seeing cobbled. San Lucas with his life. I suits to life. And he calls all these Colin Jamie Dimon all the CEOs of the big banks say hey you guys have money to win Greg you answer your solvent. With that leaked out to the journal on Monday I think that was a big driving force behind the sell off that happened on Christmas Eve. Well and it it kind of begs the question why did he feeling key needed to make that column the first place to check to see if they can happen it's. Lamy didn't get brow beaten right maybe I could see that where the president says they went to buy. Why is the stock because the president is a stock market presence right he he wants to be able to. You know talk about how the economy strong in the economy has struck me look at. The you know the unemployment rate is three point 9% look at the jolts reporting is 678. Million jobs open. Across the country. Real state yet slowing down a little bit but it's still very strong and he talked anybody who's young trying to buy a house. Mean it's still it's not like it's it's easy to buy policies lending standards are still very difficult. I mean when I look at the overall economy forget the stock market when I just look at the economy Christine. I sort of a self hate the things are pretty good you know it wages are growing whit what what's great growth 3% three point one. I've found that for sure I think C I think he. Question. That the nation Marines in people's minds and is do we need to worry about banks' liquidity. Any before then people are worried at all and now he's raised that question it's on people's minds now. Now. News that banks from iTunes in the wee little surreal Bank of America we you know we don't Berkshire Hathaway which holds a lot of the banks. And and I look at their solvency I don't remember ever being in the straw here be lucky you know EA gets a bad actors like will spark others struggling but you look at. Bank of America and JPMorgan city and those banks and they're really bay. Maybe maybe there is larger than we would like to be. The pixel that Kirstie and meet the loaned at any rate date date there's not a lot of loans that they want to under eight. And maybe that's why minutia nose cone and I I don't know but it's certainly spook the markets and egos of the contributing factor. Maybe to trade war but we've known about the tree stuff for for weeks. What do you think that rates going into any nineteen now Mary in Reno and raise them earlier this month and in the next recorders. And he pretty well like I say nothing in the first quarter of 2019. Based on the data that I'm looking. Beyond that christianity is pretty tough to make a prediction yeah I think what I wanna see. Will be curious to see auto sales are a real curious to see with the spring home buying market looks like. And of course the job market. It here's the problem is that job market remains high in really hot and it is no reason to believe that the job market's gonna cool down. If that job markets cotton wages are growing city state wages are grown 34%. That boxes the Fed into QWERTY got CPI running. You know cities CPI it's up to two and a half percent and wages are grown three and a half 4% he's gonna raise again. In mean up in the first quarter but he's certainly in the second third quarter. They gonna be interesting to see what happens and the new congress. Takes over in January and to see whether or not and it created stalemate or for minister to see some movement in terms consistency in the messaging coming Antonin ministers and. I'd argue and much legislation passed yeah he's got a Republican held senate. The Democrats control the house. And and the president yeah I I don't see any more tax reform I don't think I don't see any. Significant legislation passing. Between him during the next two years two and a half years. You've got to. A logjam which frankly. Not a bad thing for investors in the I'd rather have nothing done but it's been something done that's that force and that's most of what they passed. About for you but it seems like most there they passed Christine bat for me so emotional. Markets are. The Dow's up the son of a gun at the Dow was up 282. Points nasdaq's up 120 reports it would happen this morning hoaxes. Market open layup but that is so off we actually went in negative territory or rallying now keep your rally hat on. And world report at the stock market performance tomorrow right here.