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Full Show 12-27-18

Dec 27, 2018|

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This is the financial exchange with the Barry Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day you're simply your world. Stay informed and up today about economic and market trends plus get breaking business news and every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. The stock market volatility is continuing today. What's behind the volatility we think we've got it figured out we'll share that information with you we also just got consumer confidence information. That we act came in a little weaker than expected and then oil prices like Ashley rose more than they ever have in the last two years yesterday. But their down again today by about one point 3%. Hi everybody it's Berrian Christine Dunn with you here it's at two or is it's a thirst and that's enough. I don't know about you. I might week is all spurred the because of the Christmas well exactly exactly raid yesterday apparently Mondays and I don't blame me precinct he's in at all. I was ready for Tuesday anyway. It'll be the trying to figure out volatility mean. Yesterday my gosh we're in negative territory at some point that while we are on the year. Stocks were in negative territory it finished up a thousand points Wall Street Journal reported today that. The swift market size 2018 is an underlying new reality roughly 85%. Kristi. A fall trading is on auto parts controlled by machines models or passive investing formulas creating. Unprecedented. Trading hurt that boost in unison in his blazing fastball it was at ever true yesterday. It really wasn't you know it's interesting actually the timing for Fermi that this article came out as I was actually talking with a friend of mine who's a traitor. And yesterday and he said the exact same thing he's this is all the algorithms. So every you know the Wall Street Journal report for me is fascinating to me what it was describing today was that. You know quantitative hedge funds for example rely on computer models rather than research so basically. The funds in putts on. Various. Variables. And say okay if this happens in this is what you do and so the computers automatically trade. If any of those triggers are hit. And you know. What that means is that almost 30%. Of treating in the stock market. Is based on you know what these quantitative hedge funds are doing and that's double the amount. Since two through 2013. Sets of theory significant shift in the market. And then there are others as well that use this kind of treating unity indexing pastors passive funds and so you know there these these computer models are are creating a new phenomenon and unit in a bull market you don't you know feel quite as much but in the bear market it's starting to create kind of a new reality for Howard dealing with the stock. I think you have to look at what the warning signs are and he would of the journal goes went into. Quite a bit detail as to what the big four are and I tend to agree with them. Slowdown in growth age you know the economies of China Japan and Europe. Arm moderating a little bit and I think a lot of that is gonna have to do with terrorists we're gonna talk more about that. But you know as a company like grow go pro moves their operations out of China. And it's yet to some other location what that slows down trade. Low interest rates the era of low interest rates seems to be behind us Christine you know that the Fed. It's is seemingly committed. To continuing to raise raise interest rates despite the protestations. The president I don't know if you noticed that the president wants to meet with Jerome Powell. To see that yeah you know they had to to define that wall. I would definitely to be a plan. Oh okay. Although I'm sure Twitter will help us. Yeah out and president you'll you know you'll pull out his phone at some point let us know it's gone. Corporate profits you know we got a real. One time which. Boost in corporate profits in twenty team with a tax cuts right so you look at a company like Wal-Mart Bank of America JPMorgan. They paid a lot less tax and that increase their profits in 2018. But there's notes such stimulus to profits in 2090s when you look at profit growth. In nineteen verses eighteen it's probably not going to be as pronounced as a reason to believe it would be for its tenth ranked. And the erratic the politics rate means that's one of the things science. That is concerning as well although I wonder how they account for that in the Yonkers. The that's a good question that you look at that major. The economies in the world France. Germany Germany Angela Merkel so. Yeah the whole Brett Bre X that fiasco going on in Great Britain how does that result itself. And then you've got to you know the the political turmoil here in the United States where the president it's going to be dealing with a hostile congress so. You know the it's going to be difficult. For any of these leaders to get much done that it's gonna improve they're either they're local economy the global economy and I think that. Is part of what is you know causing the the volatility. That we're seeing I mean this volatility is continuing into today we saw a thousand point gain yesterday now or backward out 434 points today. But and so then this raises an interesting question that we kind of touched a pine yesterday Barry about this issue of liquidity and then it. And that was the question in the nation raised that the banks is your call on Sunday when he called that meeting and that phone call of all the major banks. Asking how their liquidity levels are. Which you know at the time I don't think a lot of people really focusing on liquidity but all of a sudden now people are focusing on liquidity. And you know the Wall Street Journal report points out not it's. Actually we're starting to see signs of diminishing liquidity which is also concerning for the markets and for the company. Bell. Yet the amount of money flowing into stock taxes you know slowed down law. That is a concern because that's another thing that boost the share prices if if all media tons of inflows. And stock prices and increased needle in close and that's making traders nervous. The other factor that we have to consider is oil prices oil prices still relatively low Christie 4523. Ribeiro will be pain per gallon at least it. I had it last night to look I didn't look closely at the last time and I haven't done a lot of jive in the last few days I have and I had about you and I paid 247 yesterday. Kind of nice right there exists and there are 280 what is it wasn't long it goes to 85 count it seems like it was only few weeks ago. The bit that good part of that it is Matt pays us first gas Christine paid less for her yes I'd pay less for my house. The problem decreases what does it do. Two American and domestic oil production that was never an issue ten years ago we didn't care because we import so much. Now we're exporting oil which cattle like these higher prices and knees. At least a good chunk of the country likes these higher prices. And in usual statement by president trump on Christmas Day what does it. The stock market presents a tremendous opportunity. To buy it turns out he was right. He's clairvoyant Christmas Day basis should be buying stocks yesterday Europe a thousand points. Right. And what's going to be interesting to see is whether or not the markets. Non volatility and you know current mean everything's down in the wreck right now as we speak. On is a better indication are not I think there's a lot of question out there. A better indication of what's commentary economy and when he nineteen mean that was the thing that minister means we're seeing. The uncertainty all over with you know what people are predicting for economic growth Federal Reserve was still predicting you know. Below 2% range right for economic growth next year. That would struck Jerel is Ron Christie and they spent 200 million dollars a year in research and they're never right it's amazing. Well and it Duke University survey. Recently. CFOs. Sad that half of CFOs believers session will start within a year in 80% think recession hit by the end of 22 when he. So perhaps the markets are reflecting that more than more than winner Federal Reserve would like us to believe. It could be today in the news the traders out there I mean it's a mixed bag. We very curious as to what you think. The stock market will do in 2019 do you believe that the stock market will be up more than 8% in the year when he nineteen. That's our poll question today in Texas if you like it 63566. Or can participate in our poll by visiting our website the website address is financial exchange showed dot com. You know it's it's it's it's a crapshoot trying to guess what stocks are gonna do on a year to year basis is really tough I believe. That over five or ten year paired times stocks will earn 8%. But to say gee I think they're gonna do that next quarter or next year where it's a tough yes. That coming up we're going to be talking about real estate. What's happening with hopes sales volumes of transactions up. And what's happening with home prices would. Do you have to look forward to as a relates to the housing market in 2019 bat is our next topic on the financial exchange. Mean this stare at 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 illegal exchange radio show and senior partner with the law -- of Cushing and Dolan is an expert on law taxation and estate planning. 8668485699. Let's -- team at Cushing and -- and help your family the way they've helped so many others -- 668485699. And that's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. When he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media -- some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide at this month that's designed to help you understand the major factors that can lead to a significant market correction to got to identify several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy this -- is available right now by calling 803934001. 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 guide right now and 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 representative Armstrong advisory group in the securities America companies are. Unaffiliated I everybody it's Barry Armstrong and I'm joined today by executive vice president from leader bank mr. Jake tool and were talking about this account today. It's called the Zuma rewards account and the thing that really caught my eye on this account is. It's a savings account but sort of a god you guys are providing two point 05%. EPY. On that account how do you do. Yeah this is one of our most popular. Retail banking products buried so. It's it checking and savings companion Oka and if you qualify. You get some great reward so for example you're 2.0 5%. EP wise your savings account up 200000 dollars 100000. You get 1% cash back and all of your eases spending your debit card that's good. And you get a ATM reimbursements if you use in other things he Tia. And soda qualified by 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 average network you know he's in need yen. It doesn't have to be leader main cord and if you qualify it's pretty simple unions to have your direct deposit and the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for you statements oh. It's it's something that customers would do anyways using right now right yeah it's great benefits. And yet two point 05% annual percentage yield on your savings try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on bounces up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them online leader bank dot com. It's called Zuma rewards account ZEUGMA. 8776917. B 900. Securities offered to securities America income member Sandra SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Be a part of the financial exchange in an instant. By texting us and 63566. Started to extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Break here on the financial exchange radio network. Don't forget to participate in our poll question is do you believe the stock market will be up more than 8%. In the year 2019 only a third of the are suggesting that stocks will rally more than 8%. In between nineteen but it's early theater it's early 607 writes the stock market will be fine as long as we have a Fed Chairman who knows what they're doing and is not partisan point. I'll tell you the Fed chair is really taken a lot of heat which is not unusual Christine. But I I was watching CNBC this morning and they had. Speedo one fund manager after another including Jim Cramer by the way. Saying that this guy Jay Powell that's an up close doesn't know what he's deal wit what's your impression. Well my impression of him is that you know he's trying as much as he can to maintain his independence and stay out of the political fray and you know it's tough job. I mean every Fed Chairman we had his face criticism at some point. For the decision to you know either raise or lower rates. And I don't think that you know he is any exception. I think that he's in in in exceptional circumstances. Though. Because he's be seeing very very public pressure from his own Voss the the president so. So what do you. They did you think the president in his memoirs we'll say boy. I've made a mistake firing Jimmy yell and by the way his daughter Ibaka wanted him to keep Jim Ellis gone. And hiring. I mean I think it's only gonna bear out over the next six months I think it's too early to say. I think it's insisting that the Fed decided to you know hold on its position to raise interest rates again. And I think that you know the next six months are gonna be really critical because. We're gonna have really see what this economy has to offer and you know whether or not the Fed to bet that. That the 2% growth are so that it's forecasting is gonna bear out because you know that through the decision making it's coming from and so on. So it's really a test to see whether or not their ability to gauge the health of this economy is on track. You know that they'd do an H sting poll question would be for tomorrow Matt is do you think Steve the new mission was Toby in. Be it his office. Six months from I I I gotta tie I think. If this thing goes sideways. I've got to believe the president says look at campfire to a house that's tough. Thing to do. But I can sure fire Steve and emotion. And Steve and oceans of one that wanna be higher PayPal in the first place. And his daughter his daughter must be evident good chuckle a girl because she's the one of vodka really liked gently I'll they got along the east at lunch together. The ice is it's ironic. That. It did. That he's now saddled with Jay Powell when he had a very dovish fed chair he could just renewed her he could just say god keep you on for another five years. Maybe he'll listen to a vodka going forward more than he does Steve and ocean we're definitely starting to see. Headlines coming out about its whether or nominations going to be around in the coming months. You know this morning there are several headlines out saying ninths munitions probably going to be the went sacrifice in the situation. Particularly given the fact that he was so public about the way you mishandling it again you know measured communications. Is an important and these kinds of circumstances and I think munitions started to sign his own fate when he decided to tweet. It would between it and when he called those guys in the banks of the. Everybody and their Brothers saying it that was a bad though it was a real knee jerk reaction obviously a sign of surpass. And not particularly thought through. Do you think distress or do you think it was him trying to flexes muscles and say look how important. His he has a very high opinion of themselves. Lee is just he's very arrogant. The other reason the president might get rid of them diseases Democrat he's a lifelong Democrat. So rate. Yeah I mean I would I would say even if you have a high opinion you yourself the team hostage in knee jerk reaction and to makes a mean that was obviously gonna become very public. In with you know taking a measured approach in consulting with other people a little bit more carefully. I would say that the son stress. Let's talk real state it is a little easier to get germs around. The median sales price of existing homes that were sold nationwide. Increased three point 8%. On a year over year basis that throughout October Christine when he eighteen that's the smallest year to year growth. In the median sales prices 2012 so with that tells me is that nationally. That sales price growth mr. slowed down. Now if you look at. Real estate. Increases it's generally runs about 3%. Over extend very timely elected. The value homes over fifth year Perry time they generally go up about 3%. So the fact that they are slowing to three point 8% I don't look at that is particularly troubling. The Massachusetts market where you know a lot of our listeners are that's a whole different story isn't. Yeah I actually I mean it did better than the national average but I can't say that that's surprising given the fact that Leon now how pricey real estate is around here. But the media praise of a single family homes here in the state rose five and a half percent from a year earlier and Condo prices climbed 4%. So you know we're definitely seeing a more expensive. Market. You know the line. I guess. Gratifying thing for those two are Herm hoping to get into the market is that the the pace is slowing. So while it did go up it's just as slower pace compared with the year prior. At a faster than wage growth though right you say five and a half percent and 4% on conduct race so. Individual houses five and a half percent condos were percent that's still a lot faster than. Wage growth yeah absolutely absolutely and it's inches Stan I mean just I mean just to get a sense of of what it does cost given that the median single family praising Greater Boston topped 600000. Dollars a summer. So I mean that definitely makes our region one of the least affordable housing markets in the country. Yeah the I can guess the you you look at a very fragmented market you know if you go to southern New Hampshire it's hot as fire cracker. If you go to the inside 1280 my gosh it's Berrian portable but you go out to Springfield and Worcester it's completely different market. In a you buy a nice hole. In Springfield and Worcester for 2300000 dollars where you can get. Egypt by peacefully and for that inside room 128 so today. It's a different market number of Condo units listed for sale good news here. Was up 17%. But single family homes available for sale. Still not enough single family homes available for sale because the old timers like me. Are willing to sell me. You know we're worse it not our houses and we're not turning them over and that's causing problems for the younger generation that wants to get into the housing market. And we're also. Sing a bunch of new buildings cannot so I mean not going to be shifting the Condo market as well fray because you are seeing a lot of a lot of new buildings with you know it's smaller housing units on go up. But I think your rate you know the is the phenomenon of anti Nasr is you know holding on to their homes for awhile and it's going to be interesting you know given the fact that Massachusetts population is aging. What's gonna happen to the housing market when those houses start to turnover. And listings were you know they've been starting dating for so that they're down you know listings the number of homes available for sale. In November. Were down two point 8% from the same month last year Crist seem IP thank you yourself want to wait this out I'll wait until there's more stuff on the market. While compared to a year ago there's less property available to buy today than there was twelve months goes your strategy. It's not working career. That coming up we're gonna gave few details stock market report what is the market Dylan. We'll let you know in just a few minutes oil prices a player right now our 75 cents a barrel 4547. Wall Street watches next Friday. Like this on FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. The state planning can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain him but he didn't know that if you do your claiming the right way you might also be able to eliminate estate taxes if that sounds too good to be true it's not. Todd let's keep the partner with the law firm of Cushing in Dolan isn't expert and elder luck. And has been helping families of their estate planning needs for more than thirty years he's written a new guy that's out this month called asset protection strategies. Bennett you'll learn how to protect your assets kicked him in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state 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. 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When he eighteen has been a rocky year for stocks all three major indices at one point or another slipped into correction territory reports depending bear market are still running rampant in the media while some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new guide out this month that's designed to help you understand the major factors that can lead to a significant market correction to -- -- several core factors each of which you should pay attention tuner and help position your assets in an effort to maintain a successful investment strategy -- 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 and Armstrong advisory group dot com. Dirty suffered securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group the securities America companies are unaffiliated. It's pretty hard to find a bank that -- a checking and savings account that can provide a decent return and if you're in the market for one I've got to deal -- 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 not all leader banks Zuma rewards account has a two point 05%. 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Eighteen missing major ups and downs in stocks and Wasilla there remain concerned about pending bear market you need be ready for one this month the Armstrong advisory group has a new 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 are incorporated member of the press a BC and advisory services are protestors Merck advisors incorporated Barry Armstrong represented a restaurant about a trigger 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 jug right here on the financial exchange radio network. Wall Street watches brought you five liter bank accurately at Florida or property managers need to call Peter bank and ask about Ayers he deposit program. It's a free program. That streamline the opening of tenant security deposit accounts are totally digital experience. Called Izzy deposit team at 7816418691. For more information visit them online at C deposit. Dot net member F the AC. Well IE. Hate to tell you that stocks are down to you know we had a heck of a rally yesterday Europe a thousand point. Right now it's early trading markets have only been open for about an hour. But right now the Dow was down 442. Points or one point 9% the S&P 500 is down 42 points. Or one point 7%. Summit and that just isn't 133. Points that's two point 04%. And crude oil is down in cease 75 cents a barrel at 4547. Here's some. Winners Korean goal is up if your own gold Europe five dollars and twenty cents an ounce at 11278. And let's see with the ten year treasuries delete it to 75. That's put in little more pressure on mortgage rates to go down so there's some good news so. Well it's what is expected. Yesterday when we left the year Christina said Allman gosh I think it's going to be a down day I couldn't have been more correct. Ray ray and it'll be interesting to see at this date turns as well Alan you know as we're talking about earlier. You know part of this kind of markets and back and forth is is related to this herd like behavior of computerized treating its. Idea of buying and selling buying. Computer algorithms. And we just don't know win their next buy signals you know lately we don't know if they you know there could be an algorithm. That says win the S&P 500 it's too when he port 22. By two billion dollars worth of stock. Right and Beckett happened in the hands out of it and the Arctic Google apple so. Kudos what we'd do you know however. Is a union. Is being probed for docking seasonal UPS workers. Almost their entire techno we covered this story yesterday. It will be cold as last night after that date before anyway. All of a sudden the media starts jump in on this and you've got regulators say it would it would or talk to you about taken. All their paychecks to you know. You go to work for seasonal job it meaning that your go to work for UPS at the post office. In the take 500 dollars and your paycheck for union dues turns up in the April. Google. Right Teamsters local 25 I guess was the one that was so aided by the National Labor Relations Board and and they are now investigating. Not Teamsters group for unfair labor practices. I guess the union was supposed to pace out and spread out the payment of those to use. Week's bye week and sits at Elon summon instead they took the lump sum. And then I you know I think that yesterday that union groups that they were gonna stop that practice that they weren't returning the money the majority teak and so though. MVP or he had these people were counted on this for Christmas exactly examine is the whole reason why they took the job. You know it just it's dirty pool and and this is one of the reasons. The unions have developed such a bad reputation over the years need to AZ. You know people don't wanna join them. Because they feel like wage gap I'm being hunch treated unfairly that. Imagine you're that woman who thought you're gonna have 500 dollars for Christmas presents right knee your paycheck at least fifteen bucks and and you're saying what comic gonna buy Christmas presents from my kids you're not and that's just to. You know what the the likelihood. Of her ever wanting to take another union jobs going forward is greatly diminished rant why would you know. Some employers is a headline in today's Boston Globe some employers are raising the minimum wage to fifteen dollars per hour four years early. Well it's not because they're benevolent as. Well what they're hoping. Is that by paying you know this this new. This new minimum wage earlier that they're going to retain their employees. On the not gonna have the kind of turnover at it's you know some companies experienced when some don't raise some do raise. And they're hoping to increase their productivity as well but they are going to pass the costs off to consumers at least in part. I raising their own prices. But it's this isn't a small cus I mean the the story in today's globe cited one cell line. And he was saying that as it increases Danielle. Costs by at least 40000 dollars a year so I mean this is a pretty being hit on the part of the employers that. Pitocin Nam for trying to show good faith to their employees and take care of them. Well is it that Christine or is it a recognition on their part. Bet if we don't pay fifteen bucks an hour we're either going to get a really inferior. Level worker or were not giving it workers at all. I mean there's there's so many jobs as you drive around rating you you're doing your shopping you walking into a restaurant here walking into a Dunkin' Donuts to get a coffee. Everybody's hiring. Break in and sometimes they put that we each rate there on the door saying hey we're hiring at fifteen or sixteen or eighteen I saw one the other day eighteen bucks an hour. For entry level work I mean it if if there's that much competition for workers. It occurs to me that they're doing this out of necessity not out of the level it's. Well they're definitely they're definitely doing that he admitted that he felt like you know it was necessary for him to raise it but that's that he could if fees in a little bit more. My mom he did have that opportunity to fees and the nature of his businesses such that I'm sure his workers are also getting tips and yeah on so you know he has to take that into account so his decision to increase it as much as he did all at once. And definitely good business like he sat in terms of keeping good worker relationships. But it's but still you know a significant investment is part. But what that does though to the kid who say sixteen years old right they're just finishing tenth grade and they wanna go get a summer job. Right in all of a sudden the employers look at sand okay this kid knows nothing. Right the TV these Ed and and I got to pay a fifteen bucks an hour to to flip burgers her bussed tables or you know whatever that entry level job is. You wonder what that does to teen level employment. Next summer what is it dude team level employment you know the kid that's living in the projects. And his mom says hey you need to go out get a job to help us out in our they can go to find work when they don't have any skill ladder I don't know the answer that. Politically time will tell. I think of that is definitely a concern and yet for any team. You know you know any teen Hugh union knows that they need to get to see about the united teen who wants to save up for college all of a sudden can't get a job. I think that that's definitely concern all around and EI I know a number of teens I mean I have a I have a daughter re united group. You know trying to signs. Summer work part time work yup a lot of employers we know outlining giving his ticket they have other options. Well they they do and is the they can hire somebody that maybe 22 years old in and have a few skills. Anyway when we come back heard talk of vote. Where you can be paid in order to consume natural gas it doesn't make sense right that somebody would actually pay you. Let's take natural gas off their off their hands that's our next story on the financial exchange. It's just sits in stunt to it's. Oh your portfolio keeps the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. 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Subject to credit approval leader bank a step ahead. There are many benefits to early estate planning among them keeping your assets under probate and protecting them from the nursing home but did you know did you also might be able to eliminate your state taxes tablets -- post 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 -- to increase your beneficiaries inheritance by decreasing your state taxes and in some cases eliminating those taxes but he leads an experienced team which has been helping families like yours with Thursday claiming for more than thirty years call right now to get -- new guide called passive protection strategies at 8668485699. Let consummate team at Cushing and -- and help your family the way they've helped so many others Khalid 668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. If you're real estate or property management company -- need a banking partner that has all the right tools to keep your operation efficient leader bank is one of the premier bank 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 its real estate clients such as ECH payments mobile banking remote check scanners and -- -- to see rent payment platform leader bank has a team of business bankers there on call to help you and they'll come to your place of business and make it as easy as possible the number to call is 8776917900. That's 8776917. B 900 find out why many of greater Boston's premier property management and real estate companies use liter bank as their banking partner call 8776917900. Or email -- BO at leader bank 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 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 got a right now that Armstrong advisory. Dot com securities offered to securities America incorporated members and SIPC into my reserves are with the 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 does John. Vote your conscience there hard just vote go to financial exchange showed does come in castaway. Mean yeah. In the previous segment we are talking about UPS workers. Who had 500 dollars taken out of their paychecks their first paychecks. While working its seasonal employees. At UPS. Thereby wiping out there in part tire first paycheck and in some cases ruining Christmas. We got a text message from 781 saying that the postal workers don't pay union. News so when they go like a lot of kids who go and come home from college Christine. They'll go work for the post office for a few weeks here you know do during the holiday season make you box they don't get charged union dues. Limits are seeing a surge in applications firm planet for the season and for share. I think UPS Canaveral lot of trouble lecture he had this story's gonna get around what other companies like FedEx. Could question you know those are Teamsters as well so you know the date might be different companies but a lot of times at the same union DHL Teamsters. FedEx all those you know. You are sharing that same union so often times. A FedEx will be FedEx worker might be missing Unionists the UPS worker. Well despite an opportunity for the US Postal Service because I mean the USPS faced you now some significant need for changing the way it was handling packages like this because of the increase competition for FedEx and UPS of maybe this is their opportunity to capture more of the market. That they could be American energy companies have spent billions of dollars in the past decade exploit for natural gas. But in parts of Texas and New Mexico is now so much of it. That sometimes it's worthless some companies have even had to pay buyers. To take it away shale drillers. In the Permian Basin are producing vast amounts. Of gas as a byproduct of prospecting for oil that's what happens he drove for the orderly hit natural gas. And it's there and you see can't terror and it away it's commonly water's not. Did not enough pipelines Christine to take all the gas to the market causing some of it to become landlocked. And sending local prices into freefall. If this is mrs. a spellbinding story as I've I read it I boarding that you've got utility companies that are actually being the in order to take natural gas from the news exploration companies right in. And exported as a commodity to Asia and Europe. But. You know what we're really struck me is it's really the lost opportunity here because natural gas. Accounts for a third generates a third of the electricity used here in the US. So the facts that you know we have this resource that we can use in numerous ways and generating electricity today to heating homes. And the fact that you know not only is it virtually you know worthless. In some of these regions that are more focused on the on the oil production natural gas production. But in some cases they're not even trying to sell it or give it away they're actually doing what's called flaring which is basically. Just burning it off. And and when they do that you know they are they are. Emitting. You know greenhouse gas emissions that are the equivalent of two point seven million. On cars worth of Dili exhaust at a time right. Well here's an environmental impact on top of him. Well and think about it logically right the why can't they. Use the natural gas well the treat Sanders won't let them build the pipelines right date that's usually the V there's protest protestations about. Building these pipelines nobody wants them in their backyard. So you say to yourself OK I don't want that natural gas pipeline running through Wooster lets players Springfield. OK you don't want a running through Springfield but they're gonna burn it off which is gonna screw up our environment even more than we guarded cap. Right if it's just that it could be arguments are not this is where you know at four EE you almost need. The greater power to do is come and say look. We we have to build these iPods were wasting it and were causing more pollution than analysis than is necessary. Because we're not allowed to build pipe this is all related to infrastructure. And not being able and logistics right we can't get the natural gas where it's needed. Appear in the northeast we pay a small fortune for natural gas in the wintertime why. Because it comes in that big bloody barge into Boston Harbor in knots re absolutely crazy. Simply copper some kind of innovation because you know soon you know like any natural resource. It's become a scarcity we don't know we still we have been. A state planning can have many benefits especially if it's done early it's extremely important to protect your process that you worked so hard to attain. But I bet you didn't know that if you do your planning the right way you might also be able to eliminate the state taxes. If that sounds too good to be true it's not putt left ski is a partner with the law firm of Cushing and dole and is an expert in elder law. He's been helping families with their estate planning needs for more than thirty years. He's written a new guide that's out this month called asset protection strategies. In this guide you'll learn how to protect your assets keep them in your gambling avoid probate. And increase your beneficiaries inheritance. While reducing and in some cases eliminating. Your state taxes. Cushing and Dolan has a long history of helping families like yours with their state planning and he can help you to. Call right now and get thoughts new guide called. Asset protection strategies. At 866. 8485699. That phone number again is 866. 8485699. If you look at guide right now you can download it from their website it's legal exchange show dot com. Legal exchange show. Dot com. It taught books these latest guy. The Catholic Church used to bankruptcy for sexual assault cases. And now others are following suit there's a very disconcerting story is. Yeah it really is because basically what the Catholic Church stated was when it's priests were accused of sexually abusing. Scorers of young people across stat diocese across the last thing on in order to on. Get basically time and to protect the assets of the church from these lawsuits and claims. The use Chapter Eleven bankruptcy proceedings to freeze. The assets and therefore freeze the lawsuits and claims so they worked out a payment plan. Well unfortunately there are other organizations now including the boy scouts of America and also the two now six association. Which you know has been in the headlines quite a bit because of that on physician who appears all of those girls for decades. And so now they're looking to use the same strategy. In order to try to protect themselves against impending lawsuits. Boy Scouts are facing 200 lawsuits. That alleged child abuse. Right and you know. I mean. It's just it's just. A click. It's just words are interested excited you know witnesses in this is. You know it. It's a tragedy cholera has any you know being that churches the Boy Scouts that should be centered daughter to gymnastics which is sexually assaulted. He send your son the Boy Scouts think it's sexually assault everywhere where. Where can you send your kids in you know what'd they participate in. Days where they're gonna be safe I mean as a parent to areas that. It's going to be tough for for you Kristi you're look you read these stories when I was raised in my kids. And LA even read about this day it was obvious he was happening. But. I don't recall ever having to deal never it's it's a breakdown. In our community the inning and in institutions of trust and it just perpetuates. Distressed. Within your community gotten. And he knows that to me is the first just tragic thing in addition to the fact that these these poor people are just. Subjected to this to be in west. And then just the cost I mean it's cost these organizations but it's costing everyone is now right. And and faced kids are never the same thing and now it's it's tried. And come up with the is. Strategies in order to protect assets it just. It just it just feels Iran all around. You glossy black panther news to ticket it seat black panther I loved that movie I have to say I really love that movie and sweaty here. For the superhero rake in record. Who we we think there'll be potentially record movie ticket sales this year right. Led up above 5% over last year right exactly exactly you know the record. Number of tickets nose is actually in 26 team went eleven point four billion dollars in ticket sales. Occurred and and their forecasting eleven point eight when he teens very very good year and Disney did very well with that they actually generated two point 6% adherence to its sincere and he there. They're very consistent that if they make a good movie and people like to see him. Average ticket price was nine dollars and twelve cents so far into when he teamed up from eight dollars and 97 cents. When he seventeen tech when I go to the movies so is a fifty bucks. Hey thanks for tuning and at this hour of the financial exchange we will be back we'll give you full market update. Stocks are down today suddenly gotten doused down 396 when to let you know the whole story when we return to the peninsula state. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. 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 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 luck. And has been helping families of their estate lending needs for more than thirty years he's written a new guidance on this month called asset protection strategies. Then it you'll learn how to protect your assets keep them in your family avoid probate and increase your beneficiaries inheritance while reducing and in some cases eliminating your state Texas fishing in Dolan has a long history of helping families like -- with their state planning when he can help you to call right now to get tons new guide called asset protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed time John. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making 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 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank dot com. FDIC equal housing lender MLS number 449250. Subject to credit approval leader bank to step ahead. The money matters radio network WB MW 11:20 AM and W 275 CM FM group in Boston the money matters radio network. Fights chuck and Mike from the financial exchange we're talking today. About the signs of a stock market correction with market volatility up significantly since the start of October. It is something that is on the minds of many investors and Mike. One of the questions that I think people have today is is this. Little bit more expensive than they have been on average when you look at the price of that stock compared to how much earnings they are expected to generate in the future in terms of where we stand compared some of those averages are there any numbers out there that are concerning to you right now. Well you know one of them is that if you look at the case Shiller price to earnings ratios average stocks right now are trading about 84% higher than a longer term average going back yea you'd really have to compare to say B dot com bubble back in 2000 deceit. Had just how overvalued stocks are in now compared to times in the past. In it doesn't necessarily mean that things ballpark today or tomorrow but it is just another data point that you have to be aware of there as he goes through. You're investments folks we do have a guide available it's titled the signs of a stock market correction. And all you have to do to get it is call 800. 393. 4001. To guide is free to get in once again the number to get that guy is 80393. 4001. Or you can also download it for free at Armstrong advisory. Dot com once again that's our strong advisory dot com. Securities offered to securities America incorporated members Jenrette SAP C and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. In medieval times sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Used 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 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 is guys available right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't let volatility three off course 803934001. You can download the -- right now -- Armstrong advisory group. Dot com securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The market has been extremely turbulent and 2018 the Dow NASDAQ and S&P have set new records and then slipped back 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 to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than Peter banks Zuma rewards account qualifying customers will receive 1% back on -- charges 10% back at -- this this is 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 great it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at -- bank dot com. In a deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icy. This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your. World stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the very Armstrong and chuck son. You are probably. Waiting to find out if the volatility in the stock market is starting to subside. I hate to tell you it has not. The volatility continues is anything it seems to be accelerating. Hi everybody it's very are strong Christine Dunn with you here is three Thursday. And the Dow is down 438. Points or one point 9% the S and he is down 46 points or one point 9%. The NASDAQ is down 2.2 percent or 443 points crude oil is down. 82 cents a barrel at 4540. And those of you who hold gold. Well he can pound your chest probably. Because gold prices are up with a loan asset classes that are up today it's three dollars and fifty cents an ounce at 1276. Right now I can tie the ten year treasury is at two point 75% so you are really safe investment. You wanna lock up your money for ten years you're going to be paid two point 75%. On that money. Well let's dig into our stack of stories Christine it's not all bad news. Blue apron. Which last week we now or is on the verge of bankruptcy their stock prices up twelve. Point 1% what it lowly Purdue it needed so favorable towards investors. Well looks like it's struck. Deal with WWD. The new renamed Weight Watchers international neo weight loss company that's now trying to be more than just weight loss. So it looks like a blue rate brain has teamed up with WW in order to get access to attributed his client base and offers subscription meals. Which helps the WW group promote the you know healthy live Maine and sustainable lifestyle. Brand that it trying to vault but. Weight Watchers already had is their own meal kits don't think they go to Yosemite l.'s desire Kolb but there I guess some troubles with the wave their relationship was being carried through. And so Latin. Agassi the former group that it's worked with Weight Watchers they said that. Promoting its meals to Weight Watchers members they found to be difficult so it's gonna be interesting to see if blue apron is more successful now. As you're call last week we talked about the fact that blue apron had trouble with distribution rate yes oh not you know providing its members with the now. All that it had promised so I'm sue me into senior CI this relationship works out. It is you know blue apron shares trading at 88 cents up nine cents this year eleven point 44%. I think it went public ten dollars so investors this company have really taken on action. Trucks ought to buy regular cohosts speculates that Nokia does shortly. Only time will tell. What Verizon if Verizon for your your television service at home. So I do an you know I got this interesting email from them they seem to be in a little bit of a war of words with Disney Disney of course doesn't just own. On Disney and also on ESPN and negotiates with companies like Verizon. On deals in order to have its contents. On distributed through you know the various cable companies and I guess they're at an impact us they can't seem to reach an agreement which. First time this has happened. I have had situations at Verizon a forum where I guess that I guess it try to negotiate pretty tough Lee in Norwich try to get the prices. Work and. So what would you do if the estate on January 1 if you. And your family want to watch. Any they dissing all properties that would include ABC. That would include ESPN. And any other channels that they own and they're not there. You know that's interesting because. I personally find that I watch things more on the apps. And I do I NTV. Not I think the only lawsuit really beats in my elementary schooler who still watches TV occasionally but even he now will pick up the iPad every down and watch that he wants to. So before at that email yesterday I was actually thinking about turning my cable lot because I was like how much do they really use this now you know and it's really only for certain light sport stays and stuff that I could really use it. So. So this is I think in a prompt an interest seeing. Phenomenon in people because it it does kind. Trigger you to rethink whether or not it's worth pain cable now. I just did that I didn't have cable DirecTV. And I called them as paying 176. Dollars a month. For my DirecTV and I had four receivers throughout the house different televisions and went in the gym and one of the billiard room and and you know I've got him on the phone and they immediately said well we can reduce your price down to 120 dollars a month. But what I recognized it was. You know with I can buy a Hulu package for thirty or forty bucks a month. And get all the local channels that I want on that who package so I wanna watch. Channel five prefer or election you know CBS news or whatever it is I wanna watch Fox News. It's available to so why would I if for forty bucks a month why what I and earth today. You don't 120 dollars a month that I think a lot of families are altered it even know what you pay for your cable through a Verizon. So I have one of those bundle deals on your bundles I still have a land mine hasn't signed in emergency search situations having no land mines sometimes in yourself and it's blocked. So I've always kept the land line on nine even reconsidering that and then I have that bundled. With. With McCain on my Internet so it's all kind of one price but I was thinking about calling in San fueled by and bundled us. You know what kind of tracing can again on say just the Internet in his Alley you're doing now you just paying for Internet and then Hulu. That's what I'm planning to do I haven't done anything yet I still have Verizon from my files. But my plan is to pick up you know we haven't missed that I act I disconnected or my wife still hasn't noticed. So waiting a way to she notices because only watching you know we'll watch documentaries on campus site ignored it's gonna hit the fan. Is what I wanna watch NHL playoffs or I wanna watch football like football. But it hasn't gotten to that point yet I just wonder what this does he you know eat if its docket for Disney. But it probably also not good for Verizon in terms of their company because I think a lot of families like yours Christine and say what do I really need to have. A cable TV package and then you start examining what you're paying for it in you save yourself the point where pain and about your pain north at 200 dollars. Among you do I mean that's how much has package is Coston. You know it's interesting because I think Verizon is recognizing that because Verizon is clicking on it and dying why should I paid Disney more of a premium. Now when I know that customers who streaming more than they're paying for the cable TV. So it just doesn't make sense you know from Verizon's perspective and you know I am making in I understand disease does his job at Disney is you know really trying hard I mean. Their earnings have taken a serious hit from the fact that so many people are streaming pray and yes and we've been talking about that now for the last few months about the fact that. Viewership is just down all around it's affecting the advertising revenue and how advertisers. Rethink how they reach consumers and you know every one who creates content distributes content is having to rethink the model. They sure RE EQ you you wonder. Where it leads you know you why would somebody spend money on television ads you know they indicate just nobody watches you know if he. Media ideal time I find myself watching television ads is that from watching live news as I do in the mornings. Or from watching a sporting event very divisive on watching Bruins gamer from watching football game. Then they'll all sit through commercial periodically. But that like Barbara when we were kids Christy. You it's a while Thursday night loses you know the night you would want to capture Tuesday night was last night TV watch. Yet it well 88. There was stuff that you knew was only available on Tuesday night straight you had to watch it and you talk about it at work the next day and that doesn't doesn't work that way out as it. Well and you know the next generation so I look at my daughter my son and you know even like with a Hulu subscription rate they have different levels in the subscriptions you don't have to have ads and my daughter. Is like I only one subscribe to a lot to do. If I don't have to watch out it's because they're so spoiled there is no they have choice and so they're like why would I waste my time and a radio. So it's into staying. Yeah it's it's it's changed a lot in the old days we used to record a show on DirecTV. Kim goes with Tivo. And then when the commercial started yet for fast forward through commercials that's how you avoided watching the the commercials when your watch law and order whatever it should be. You'd record lives in and you watch it you know an hour later two hours later. That even gone by the wayside people telling you that it's gonna happen you know how this Super Bowl ads. And so he's been so wildly expensive and so hard to get a spot on. I want out its concern impacting now and now. Gonna have much impact there because that's life program race you know a cutter records the Super Bowl and I'll record a football game. At least they used to agree record of football games and then I'd start watching it an hour later. So I can blow through the commercials. But the Super Bowl but that's if you were a social event you have somebody's house for Super Bowl party and you all watch the Super Bowl and I don't know the guy that doesn't strike me is. An event where before record Q walks that line but that's going to be one of the few venues where people insist on watching it live yeah. Coming up we're going to be talking about airlines and airline tickets. We can almost guarantee that the price of an airline ticket is gonna go up. Why well the answer might surprise you that's our next topic on the financial checked. You should go for everything business and finance it's the financial exchange with Barry Armstrong and chunks of 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 the 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 -- and -- 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 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 -- right now -- Armstrong advisory group. Dot securities offered to securities America incorporated members in SIPC and advisory service is with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. The state claiming can have many benefits especially if it's done early it's extremely important to protect the assets that you worked so hard to retain. 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 older La. And has been helping families of their estate planning needs for more than thirty years he's written a new guidance on this month called asset protection 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 yours with their state planning and he can help you to call right now to get tons new guide called passive protection strategies and 8668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed does come. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on homework meter bank 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 their local decision making music faster closing we're bank is the number one purchase slender among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. And get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 877697900. Is the number to call or visit them online at leader bank. Dot com member FDIC's equal housing lender MLS number four corner and to try zero subject of credit approval leader bank a step ahead 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 announced. 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 rate then in there get a head start on your holiday shopping call right now 8776917900. 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 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 dot com and find the station closest to you. This is the financial exchange radio network. It is time for trivial weekly trivia every day here on the financial exchange in labeling yourself an 850 dollar gas card. If you're the lucky winner today all you do to play trivia. If you text the correct answer to the question I'm about to ask. Our text number 63566. That you must put my first name. At the beginning of your text message it's Barry BA RY. In the text number 63566. And then and only the correct answer. The late Stanley whose creator of some of today's most famous recognizable. Comic book superheroes would have turned 96 years old this week. We will be asking trivia questions about Stanley. Stanley made his comic book debut. With an early edition of which will build superhero. 63566. Is that tech's number. Stanley made his comic book debut with an early edition of which well known super hero. The tech's number 63566. The winner will receive that fifty dollar. Gas card that I mentioned earlier Christine you've come across some data. Economic data as a relates to consumer confidence that is cause too little bit concerning your mind you share with us. Yeah us so and so the US consumer confidence number which can in the heat tell people are feeling about their prospects for. Jobs and so on and for the economy moving forward it fell this month to the lowest since July. Mom and now it is in part because it gauge of labor market expectations. Fell by the most in 41 in the years. So this means that Americans are getting a little less optimistic with the stock market generation and and in expected moderation in the economy is in the trade wars and all that they're. They're not in the fact that right now you know jobs are are around then and plentiful. Know what they're saying is not so sure about the first half Tony ninety. Would. How much do you think it had to play here you've had to. Verizon doing away she had byes are doing early retirements horizon was actually early retirements as well. And then I think you had General Motors laying off about 151000 workers. He gets isolated to those three companies are getting it's a broader concern I think people are saying that they're worried they're Smart calm. And Mimi Murray talked about the back to that. Any profitability from companies is expected to slow yeah rain fell well and now would be a function of the trade war. You know negate the he is you pick the president has decided we're gonna engage in a trade war and if they'll be people that disagree with him and they'll be people that disagree I agree with them. The the fact of the matter is that this the strategy that he's taking and that will cause an economics vote. If it's it's one of those things. His argument would be we need to experience some pain today in order to have a level playing field going forward. Others are saying well it's you know it's gonna cause a recession I don't I. Even with that consumer confidence number you shared I'm not sure it's a recession. Right that you are gonna see. Probably consumers start to scaled back summit there big ticket purchases rate with rising interest rates yet curbs the appeal of big ticket I am so things like buying cars. We're buying homes or even major appliances like refrigerators and staff people are gonna bite is much because you know their access to financing is not going to be. As seen now as easy as it has in the past. Well I GNU. To give you a homework assignment. And that would be two. Contact your father. And ask him what he thinks of the consumer. Confidence data point is he used much in in industries are now. You may not know the spokesman Christine stats pretty bright guy he's he gave me a book last week which. I'm quite excited. Ads news. Ask your dad because I think we knew what you find Kristi is. Would you look at Michigan's sentiment numbers consumer confidence numbers. Those are soft data points what I look at that we you'd find a lot of bright economists are looking at park. Look it things like unemployment rate. This morning we got the weekly jobless claims numbers strong number. Wage growth numbers inflation numbers. Export numbers import numbers when it comes to the sentiment numbers. You know there there pair he. Need the I have not found them to be terribly helpful. When I'm doing economic forecast he would try to decide whether she'd be buying stocks are selling stocks but that's that's your homework aside has that motivated. You didn't know you're gonna get it. And a let's talk about airlines airlines. Made quite a bit of money over the last five years they're gonna have a rough road port. Yeah looks like you know were in need of crisis and serious infrastructure upgrades and an uneven tacking about capacity upgrades and mean just the infrastructure of our airports in general. You know we need to have refurbish a lot able terminals and make sure there. Up to task because we've seen satcher rise in the use of air travel on race in years. But you know that's inked you know that investment comes at a cost and that those costs are going to be passed on to consumers than in the form of fees. So we can expect higher airport fees and when he nineteen as a result. Defeat the airlines are the ones that pay those so when you go to book your ticket out of LaGuardia very good book your ticket at Logan her. Bradley year. Lauderdale rarely happens fly out. That's going to be there's a mean increased charge associated with that and the airlines of course pass that on the consumer. That's right that's right and that fees paid by those airlines to the airports. Is expected to rise as much as 19%. In the three year period starting between 2017 and and tiny tiny so I mean that's pretty significant to their bottom lines of they're gonna try to make that up somewhere. They will they will. The sort of a student loan debt. Lot of people take on student loans when there packed seventeen and eighteen years old and. As tea that a lot of kids. That graduate college and they've got these big bag student loan debt. And they said yes that now they're 22 or 23 years old. And they said you know I didn't really know what I was getting into how to student loan debt how does it differs Christine from other types of debt summit. Well in this there are two different kinds of debt and then there's the un security habitat which is my credit card. And then there's the secure attentive dad with his American mortgage that's tied to you. Tags on them like a home. Now student loans technically fall under the unsecured. Debt but it. You know. But they're not really treated that way about their expected to pay. Iran and its annual pay on the ticket at your Social Security when you retire exactly they will go after you they will forever and forever. The rapper. Yes it like a car loan write her mortgage she complexion of bankruptcy. Student loan it flush in bankruptcy you're gonna pay that it's it's because it's guaranteed by the federal government. And the shame of it Christine is he yet you know an eighteen year old that borrows a 100000 bucks to go to college while. Plants they use personal plea we should be loaning an eighteen year old back kind of money to go to college in my opinion. And if you if you are they should be studies studying something where there would be of the make a living wage as they should be studying engineering here the sciences. And that's not what's happening that's where a lot of this debt that's piled up is what an half trillion dollars in student loan debt very little. Has chance of getting back it would become backward talk about the government shut down. 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 in senior partner with the law firm of Cushing and Dolan is an expert on law taxation and estate planning he educates his listeners by telling them how to maintain and protect their assets in this month he has a brand new guy that -- show you how 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 -- new guide called passive protection strategies at 8668485699. -- time lamenting that Cushing and dole and help your family the way they've helped so many others -- 668485699. That's 8668485699. Or you can download the guide right now from our website legal exchange showed dot com that's legal exchange showed dot com. And medieval times sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. We're all trying to think outside the box when it comes to giving gifts. For special occasions so this year I encourage you to call Peter bank the bank you ask why would call bank for Christmas well first because your Smart person and second you've heard me talk about Peter banks incredible assortment of precious metals hi this is Gary Armstrong you can visit all Peter bank locations from Arlington to the seaport in Boston they've got one ounce and 110 of an ounce silver and gold bullion coins at all of their locations and other precious metals are available upon request these types of purchases can be Smart meaningful investment in addition to being a great gift for someone you call leader bank today at 8776917900. And learn more about its precious metal collection that's 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency not 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 and leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot meant to learn more we see rent your payments for each unit to receive regularly on the same day every -- tenants pay nothing in the first six months -- free for all landlords visit WWW -- see rent dot -- to learn more or call 7816418691. Hi this is chuck and Mike from the financial exchange with volatility up over the course of October and November. One of the big questions of people have is how much worse could the stock market correction get Mike. Simpson issues that are out there one that's really been in the news heightened trade tensions what what's the latest on what we're seeing in trade. Yeah absolutely I mean certainly nothing has. And when you look forward you do have to ask. How bad 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 he if trade negotiations go worst or China that I would have concerns about this stock market currently. But the length of this bull market that we've seen is that something that should give investors pause. Well yeah I mean right now technically speaking we are in the longest bull market. In history and that would be 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 without a 20% correction although there was in nineteen point 9% correction during that appeared to. Folks the guy that's available this month is titled the signs of a stock market correction in this volatile market gives you some things to look at try to figure out what's coming next. It's free to get it all you have to do to get it is call 800. 393. 4001. That number again is 80393. 4001. Or you can also download it at Armstrong advisory dot com once again that is Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are there 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 buckwheat. There's the financial exchange with Barry Armstrong and chunks out of on the financial exchange radio network. We asked in the trivia question as to stand league and he made his comic. They view within early edition of which well known superhero what the correct answer was in May of 1941. Captain America. Comics number three contained a text filler titled Captain America spoils that traders revenge written by Stan Lee. We have a winner on the accuracy. We sure do. That would be Paul from Lynn Massachusetts again our trivia winner today is pol from Lynn Massachusetts congratulations Paul. He has won a fifty dollar gas card. And trivia today is brought to you by the Armstrong advisory group with the markets still volatile now has a great time for review of your portfolio. Call 803934001. And setup your free no obligation consultation today. That's 803934001. So let's talk about the government shut down I guess worry in case six yet there right it would be five was yesterday that the shut doubts that today would be gay sex that's right that's right and no end in sight from when I can tell. Erica with debt so what does the future hold any eighty. Pelosi takes over when in January takes over in January and sound she's expected as soon as. You know lawmakers resume on Tuesday tried to get a bill passed. On a spending bill passed. That well you now. Help to re open the government that it wouldn't include funding for the long which is definitely the sticking point could well and it's. It really no reason to believe then that the government shutdown is gonna resolve itself anytime soon observers in the Seattle looks like there's a stalemate going on although it's interesting you know related to this while. The days ago fund any page that is rapidly. Gaining memberships. Excite. You see that that they they've collected seventeen million dollars. Eduardo who would put their money deck as it's it's ironic as you've got go fun that airy the the boardwalk has seventeen million dollars. But then the other side has 22 million dollar write this is the one that wants to give. Ladders to the people who wanna come over the wall exactly so that they open an epic. I mean page in response to this alliances V while go offending page actually set a goal for a million dollars. America and in nine days they collected seventeen million dollars and so the opposite sides said wait a minute. We've got to get an honest and they sent up a competing on go find me it's. It's their raise money for ladders and I mean this just demonstrates to me that people have too much money. Why who would I wouldn't donate to either one of those nine Y you know I was kind of wondering. Who controls and if they reached the goalie who think it's. If I don't know. I don't know I got a chuckle out of it though it brought up the hospitals are rushing. To offer a new stroke. Treatment remember this folks if you got elderly parents or something called leaked rom back to me. You'll find out where the Cisco as you wanna make sure when your mom or your dad a stroke that they go to the right hospital. Right now actually. I'm really glad thank you pointed this story out Perry because. If the symptoms of a stroke are now widely known and if you don't mind I just wanted to go overeat again I think it's really important for people to know what to look for. So there's this Akron and that you can remember. For a sentence of a stroke and it's fast at a ST. So that's stance for face you wanna smile and see of one side of her face of the face of the person is drooping guy. On the second for gays arms you wanna get them to raised both arms and as one arm drop down when they try to do that. That there when he speech CU money here than say a short phrase in check for slurred her strange speech in the monstrous people mystique in this for drinking. But actually right in there right there at their being coherence and you can't understand a word that they're saying. And the last is time says and the answer to any of the first three is yes call nine and one right away BK is time really really matters in these cases. And the key here is to make sure. If they're taken to hospital this not that many hospitals like this they'd be easily 200 in the whole country. Where they can conduct eight from back to me which is one where they go into the brain believe folks in the remove the clot. Without damaging. The the brain like a lot of times what happens you have a stroke. He could the 203040%. In your brain will just be dead and that's what leads to. You're your physical disabilities afterwards correct that's right that's right and so the time really matters and and gained the right hospitals he'd have to be re transported really matters to. What do you eighteen has seen incredible swings in the stock market hence causing some analysts predicted a bear market is coming sooner. Rather than later if you're nervous about the stock market volatility should request my brand new guide. That identify several core factors. They should pay attention to in order to position your assets and help you stay consistent with your investment strategy. Bear chart here and I don't want anxiety. About the markets to cloud your judgment. I know there are many reports suggesting a bear market is imminent and want to educate you on the signs that a correction may be coming. My new guide that's out this month is designed to help you prepare. For a significant. Stock market correction and it's available right now. By calling 800. 3934. Zeros or one. Take the necessary steps to stay on track regardless of the market performance. Call my office right now and get your free guide. The signs of a stock market correction at 803934. Zeros or one don't let that hard work you've put in. To build a strong portfolio succumbed to stock market pressure. Call 803934. Zeros or one where he can download this month's guy right now by visiting our strong advisory. Dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. You know why I wanted to get a woman's perspective on this next story Christine because I I think it's got a lot of safety issues associated. In Seattle. A new housing law forbids a landlord. From checking into the tenets of potential tenants criminal history. And darn it I I'd look at some like that and I say boy if I'm raising a family as you are right. And let's say to your next door neighbors renting out their house wouldn't you want your next door neighbor to be. Permitted by law to check the criminal history of what they're gonna rent it to. Absolutely I think that diet is of really important I think it's important multiple levels immunize you said there's obviously safety concerns. You're not just fur as neighbors but for the person and here's you know potentially even renting a space. In in the location in which they're living on setting that's really important the inning don't suit is good business rate you wanna know if. It's. There's a chance that the person won't pay. Right and right and I hope that it bores a safety issue they think that by elected. Whether they're gonna pay or not that's on the landlord Perry met. If on the neighbor right that sits at three family house and and you got this criminal who may have leaked it like it could be a murder. And and they're renting the second floor you're raising two kids on the third floor I mean it just. And that's dangerous in and yet Seattle is saying I don't know you can check to see if. Though person you're correct too is committed murder multiple crimes crimes are worth their had a file like aegis don't know. At Seattle's laws like quote all you can't check on that that's just dots in my opinion. Yes and you know I feel like this as an example of along with. Leo good intentions and just poor excuse. He helped because I think and it sounds like the people are proposing this Roberts trying to. On prevent the continuation. Son Ian segregation. I guess that they felt had occurred in the city. On with them racially restrictive covenants so they were trying to solve that problem. But the problem is is that when you do with such a broad brush there under consequences and I don't know I think it's an example of hitting something with a hammer and now with the scalpel. And and the answer is not to pry causing a bigger problem. I think there are 88 I think it's just one of those laws that. Not very well thought held to different people organizer yeah they're they're gonna there's going to be a lot of backlash on that all's gonna take is one crime being committed right by. Ne'er do well tenant and you're gonna have people up in arms is state federal picnic and reduce some. Let's talk about. PG&E corporation de. Out west. Leave their stock is down today but a lot of stocks again today. If this is a stock trading at 23 dollars and eighteen cents and it has traded as high as 49 dollars last year lies down. Well I guess one of its power lines were damaged right before it the outbreak of that huge key. Am fire in northern California. And while the cause of the fire still under investigation and I. I think that you know a lot of people are price taking a look at that and say I do wonder it was caused by that power line. So you know there are thinking about to whether or not they need to split up the company because now they're concerned about potential liabilities that they're facing. Based on the fact that they had that damage Caroline. I coming up were we talking about India they buy say why are we going to be talking about India where they are enacting a law they enacted a law. That has a negative impact on both Amazon and flip part now flip cart is the Indian version of Amazon. And a lot of Americans and a lot of American politicians would like to see similar laws enacted here in the United States. Talk about what India is doing in house having a negative impact on Amazon and Wal-Mart. Be curious to hear your perspective on whether that would be a good thing to do here in America that's next on the financial exchange. Every child -- the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network there are many benefits to -- 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 -- of -- exchange radio show in senior partner with the law -- of crushing him Dolan is an expert -- 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 -- 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 asset protection strategies at 8668485699. Let's ultimate 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 at 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 call right now 8776917900. That's 8776917900. Or visit them online a leader bank dot com for more information not a deposit not FDIC insured uninsured by any federal government agency not guaranteed by the bank and 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 break on homework Peter bank 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 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 8776917900. That's 8776917900. And get your great rate on home or call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC's equal housing -- MLS number four corner and -- -- -- 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 are pending bear market are still running rampant in the media -- some out there may be wary of a major correction I want you to be ready for hi this is Mike Armstrong and we've got a brand new -- -- this month that's designed to help you understand the major factors that can lead to a significant market correction to -- -- 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 -- -- right now by calling 803934001. -- necessary steps to protect your interest regardless of the market performance call my office right now get your free guide the signs of the stock market correction an 803934001. You work hard to build a strong portfolio don't -- volatility throw you off course 803934001. You can download -- right now and Armstrong advisory group. Dot com securities offered to securities America incorporated members in SIPC and advisory services are with the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Security suffered two securities America each member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from. Tech Steward Barry's 263566. And let us know what you think about the stories we disguise your team to the financial exchange radio network. I saw this story in the New York Times last night I wanted to share with you I'll read the first paragraph to you. The Indian government dealt a surprise blow on Wednesday. To be e-commerce ambitions of Amazon and Wal-Mart effectively barring. The American companies from selling products supplied by affiliated companies on their Indian shopping sites. And from offering their customers special discounts. Or exclusive. Products and that's been actually one of the criticisms. Towards both Amazon and Wal-Mart more towards Amazon here in the United States is that they undercut. The competition. And put out of business Kristi. It's a pretty protects. This policy and you know what I AM fine and disturbing. Is that it's another example now in our global economy of the government going more protectionist. And I mean that just hurts everyone. Well let let's talk about the way it because the big the government's doing it. And they're saying what we're doing it to help the small Indian vendor because that's who they're getting pressure from right. Well I mean they they think that day this is going to. To help pre tax on the Indian. Suppliers and vendors. And in May be in the short term but in the long term what you're doing is is by restricting that trade. And restricting that investment. You're making it harder for you knew your economy to grow your making it harder for. You know all Indian. On businesses and consumers to get access to capital. Take it access to information. And and to get access to different kinds of good it's so it's just you know it's a short term they used. Because you know prime minister Modi and India is is trying to shore up his support in the next election he wants to show. That he's pro. Indian business pro Indian consumers to search right this perhaps that has long term repercussions. But the you'd hear the same argument here in the United States who we have and acted on them but there's a lot of resentment towards those companies particularly Amazon. For basically. Putting companies to think about a company like Circuit City years think if they have all the companies Barnes & Noble that Amazon's put out of this stuff was arrests in that it just. The list goes on and on JC Penney Macy's Sears. Having a lot of those companies that the troubled area in. Is eerie you'd diagnose it back and much of its eight comes back to the trail comes back to Amazon does it. Amazon has definitely changed the way we approach shopping. You know hands like anything companies need to adjust its adjuster die. So Amazon's offered new. Wal-Mart was the boogie man. And yes right and and everybody was complaining that moment was taking over the world. And that it was squeezing out. All of the retailers and then boom you know they're being displaced by Amazon now Derek man struggling to find the new paradigm themselves and in fact. Interesting because. Wal-Mart was starting to play Amazon's gain in India that they purchased flip card which is actually India's leading online retailer. On they bought it for sixteen billion dollars earlier this year investors were very concerned about that purchase at the time there were that they overpaid and there's a lot of uncertainty in the global markets. Going on with you know how countries are gonna treat for investment like that and you know some investors right now might say. This in today's news is is proof that moment it's gonna have some trouble with this purchase over in India. But it's an example of how Wal-Mart was trying to figure out how to recreate itself and adapt to the new paradigm of online retail. Do you do much shopping and Wal-Mart or jet dot com beer or check their prices absolutely I do. And you know when I am making a bigger purchase and something that I have more time to think through an often we'll go to Wal-Mart. But I find that the that's shipping time lines. Off and get me with Wal-Mart because. They don't always have the pits in stock as quickly as one. Yeah I get a lot of out of stock messages yummy looking for something you know we don't have. Right that's the unit in the and you unity so often times yet both apps open at the same time right. And you're doing I I use it for price comparison and you find out you just get discouraged using the Wal-Mart because yet they might have a great price to get it so what good does that do. Gather encourage you to pay yours their store. And here in the Boston area of the stories aren't always convenient. So if you know it's often literally just a difference of dollars between Wal-Mart and Amazon so I can get it delivered to rent or buy Amazon I'll do them. Yeah I'll make it loud. We'll take that perspective yeah it is. You order something today rate it's it's Thursday. It's going to be there Saturday morning early days of cases I've seen it come in the next day in your job on Thursday and it's it's there on Friday. And that's how efficient there Wal-Mart stock finally today. Down a dollar five. They're trading at 8936. And then we should take a look it images on its Hewitt they're doing today as well Christine just uses this is just impacting. Stock prices today those two companies Amazon's stock I don't know if it's all attributable that story Christine it's down 54 dollars three point 6% now. That's that's a sizable drop done. Three point 7%. On a day where at the NASDAQ is down about 2% I've got the NASDAQ handled. At 64133. Points down two points or 4% the Dow. He's down 361. Points or one point 5%. The S&P 500 is down forty points or one point 6% crude oil trading down a dollar 25 per barrel. At 4497. And gold investors you're having another happy day gold is up four dollars an ounce. Well 77 silver's sixteen cents a pound to 1528. The ten year treasury trading at two point 75%. In the British pound. Is that dollar putting six. So there you go days we've set the market oriental of course will be back tomorrow morning with another edition. The financial exchange don't worry too much about this volatility. Time this too shall pass seated problems.