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Full Show 1-10-19

Jan 11, 2019|

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

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 every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. We are seeing some very strange price action. He retail stocks Macy's we expected to see you declined their price. But even target is being impacted colds are being impacted. This is all based on holiday sales results and as a matter of fact folks that Dallas down 150. Points everybody's buried truck with you here. It's a Thursday morning and very he a lot of investors caught by surprise truck as a result as relates to meet. Yeah and in I think part of this is because you know it'd seemed like the trend for Macy's. Over the previous couple quarters had been pretty good you know this was accompanied they've gotten really beaten up over two point 1516. And seventeen. But the trend for the first half the 2018 was pretty strong. And so I think some investors are saying okay maybe this is something that's going to continue may we've got away. To keep this you know that the the train moving right well but unfortunately for Macy's. This is just. Really and an unexpected. Miss here. Especially including some really slower than expected on line sales growth and that's had the effect now take the stock down about 40% from its 52 week high. While while we're down what today 19% today 90% today currently 257852. Week high it would that was reached back I believe in either June or July. I was 4199. Right now and we've got results out of Coles. A way you look at there were there operation their their stock is down 10%. Yet Coles with a miss as well they came in with slower than expected same store sales growth of one point 2%. Compared to 7% in 27 teams of significantly. Slowing sales growth there. And pretty much. What you're seeing here. Is that you're you're just not seeing the growth that they need in order to maintain the same kind of share price just because if you don't have the top line sales. Hey if you're not getting top line sales eight even if you maintain the margins that you had. You're you're just going to be you know to lower valuation but he probably also left off some additional discounts nor did get people into your stores. So truck those two stories make sense to me that Bennett look at target their same store sales up five point 7%. They're online sales I think were up 29%. And there's stock today is down four point 7%. Yet I think the stocks probably down just with. Concerns over the overall retail environment now that the case I guess that I makes they did have you know it does look like they post some good numbers for the fourth quarters so yeah I think that's something that they should be you know pretty proud of you out to your horn a little bit. But here's the thing is if you're looking at all these other retailers out there that are reporting disappointing earnings despite giving better guidance. Target might be the exception that proves the rule where you say okay if this one company stands out in no one else could. Are they doing anything unique that prevents them from becoming a casualty in this market going forward and so I think. If you are an equity analysts say okay. I need to take down my level of risk here just because. The sectors a whole has some issues and I don't know viking conclusively say the target is immune from them. You sort of died seized TJ Maxx. From what perspective. To see how their results are you know the UT had a day because I've been heard there Iraq or their Christmas season results yet. And they you've been the one retailer like eight somebody asked me this morning is there are shining star retail. I'd have to say it's TJ Maxx. Yemen is they've done just a phenomenal job the last five years. You know obviously the last. Couple months ago they sold off just like everyone else has so it you know they're not immune to share price fluctuations. But this is a company that you know in the middle of August and 24 teams trading at 27 bucks a share got up north 56 in double. You know over four year period and look the market as a whole has done really well then the retailer struggled I mean you look at unify and meet other retailers. Of that size and scale that have doubled over that time. During your hard pressed to do so just because it's been a really challenging environment. For retailer's brick and mortar ones at least. To compete in soup. TJX is one that I I do kind of view is OK you know what what's going on there is in India are they still able to keep home no longer be subject to some of these same. Fluctuations happening in retail TJX stock today by the way down one point 76%. So. Yeah I think in general you're getting a little bit of a retail sell off today just because they when you have you know two big companies that come out Kohl's and Macy's and say things aren't that good. Located potentially tells you something about the strength of the American consumer. Bed, Bath & Beyond though a five point 7% but they're still down from their 52 week high of 24 dollars shares their 1290 to share. Yeah this company that I think. At least for me and I've really struggled to figure out what their past is going forward jail because. This stuff that they have you can get anywhere and in particular it's the kind of stuff that Amazon is really great for using you to buy you know it a give an example. Bed, Bath & Beyond used to be open a place that everyone went to go to get you know pots and pans and things like that. You can do that on Amazon's so much easier now since it was towels they're at right towels bed sheets. In an Amazon or some other online retailer Macy's we buy a lot of stuff out Macy's yup and they discount the heck out of Dayton. You know big the girls have all learned a tricky put it in your shopping cart you don't buy it right. And then what happens is they start sending you emails say hey we see your interest in mind that we just marked it down by 40%. Yep and so with with Bed, Bath & Beyond hey they may be getting a little bit of a bump here based on some improved guidance. But this is still a stock that is off about 85%. Since the started twenty fifteens or four year period. It's not like they have the answers now we've just things aren't as bad as people were expecting to be. We seem to be reaching he can. Peak as it relates to the government shut down you've got 800000 workers not getting paid about half of them chuck will never get. Unity there's just misperception that. You know the 830000 workers will get paid the date yet they still show up for work like these TSA workers are still showing up for work but they're not getting paid to more. Yeah and and people just take all lists OK they date these government workers are paid about half of them get paid and the other one half that are contractors they've never paid. That money. And I don't know how much longer the TSA workers are gonna keep showing up. I I think you're getting to the point where something's got to give just because you'll are starting to see you real world economic impacts for a lot of these people. Either a that are working without Payer be just aren't getting paid at all. Throughout and and part of the problem is he assay were. Workers are the most obvious once or you see them every time you walk and there's a lot of there's thousands of or and and in part of the problem is that. For many government agencies if you're working for those agencies yell you are often prevented from taking other side jobs without approval of your agency in the people that are in charge of that approval process are working right now right. So it's it's a real challenge when you know fairways can. If you can scrounge together money to maybe miss one PP area. When you start getting out to pay periods I mean you're talking about them. Pick how many fairways can actually stomach working a month for free. About 60% of that famous does it right do that number was member we did this that. 43% of Americans. Don't have 500 bucks Jackie. It in so you figure most families need more than 500 bucks to live on for months you know you're probably talking you need when you talk about rent utilities you know food all all the things just the basics you probably talking two to 3000 bucks a month for most families here that I would probably need. What are what it's gonna do to the IPO pipeline because it's January 10 and now right. And the SEC shut down they haven't done things and so all these filings like you're looking yet at C. Hooper. Lift Yi at number of companies that wanted to file IPOs what happens. Well and it in their potentially all being delayed during a time where there's market volatility and they may wanna try to say hey look we need to get things moving here. And so you've got concerns they air. If you're talking another area that you have you know some potential problems here. Is that it's for certain loan programs for homebuyers. The agencies that run them are shut down as well Fannie and Freddie you're still operating at as expectancy not see any issues there. But I'll give you an example. If you are taking out a USDA alone which there were a 100000 mortgages. On average taken out each of the last five years using those programs. And US TA mortgage applications are shut down right now that's ten out yardage applications a month. I talked to somebody in New Hampshire got impacted. So you know you've got those that are shut down right now FHA loans have not had any problems to this point supposedly VA loans have also been he's been working at this point. But you are seeing some. Delays on VA loans that there have been any problems near major problems as far as closing and funding loans but. You know that this is something where. You have a housing sector that you know has struggled a little bit in recent months and I hear any of this on top of it in that potentially adds a whole another you know issues are getting through this. And then obviously and other pieces. You know a lot of the government agencies that are responsible for putting out data for economic reports yeah are doing it. Now you know that that doesn't bother me. So they looked at mortgage applications in the TSA guys not getting paid it does bother me easy try to figure out hey where things going you know and you don't have accurate data points that are timely ones you know that's that's a problem for all of us so all like I'm not gonna exempt us from people who were having problems with those. I. App as to who is getting the blame for this there was a poll done on Tuesday. And it was done by Reuters and. At so's. They found it 51%. Of adults believe the president deserves most of the blame for the shut down followed by 32%. Blaming Democrats. And 7%. Blaming congressional Republicans. Our poll question is much were simple. Who is more responsible for the government shut down the president where the Democrats. If you would like to text us your answer our text number 63566. Don't forget my first name at the beginning of your tax buried 63566. And your answer. Or just participate in the poll go to our web site which is financial exchange show dot com I need to exchange showed dot com coming up. Repeat talking about a natural gas compressor project. This is being protested and it's one of the reasons your pain so much money for electricity that's next on the financial. Mean this there's the charts graphs and numbers all day and just listen to us it's the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio network. As we age long term care or something to make sure you plan for how quickly would you arrest it's been depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average customer private room at a nursing home in New England is just under 135000. Dollars per year than average cost is expected to increase to over 181000. By the year 20/20 eight if you were a loved one are faced with an unexpected nursing home study when you haven't done your claiming yet before you write that check. Pick up the phone and called experts at Cushing Nolan at 8668485699. Cushing Dolan has been helping families just like George protect their assets for more than thirty years and they've put together a brand new guide for this month called planning for procrastinators. It'll look for you strategies that can help educate you on the steps you need to take to protect your assets and your family. Do not put off this call any longer did your free guide today by calling 866848569. Time that's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Dirty suffered histories and are incorporated in SIPC advisory services officers attorneys are devices incorporated Gary Armstrong represented a strong advisory group and secure America companies are unaffiliated and there's a secure is America do not offer legal or tax advice always he gave us a professionally with a loss in your state. Hi 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 the sentiment that 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 company Nokia and if you qualify. You get some great reward so for example you 2.0 5%. EP wise your savings account up 200000 dollars 100000. You get 1% cash back and all of beard he's suspending your debit card that's good. And get each here reimbursements if you use in other things he Kia. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly that in so the benefit of that is that really expands or breach network yeah he's in need Yamon. It doesn't have to be leader main -- if you qualify it's pretty simple unions to have your direct deposit owned the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for statements oh. It's it's something that customers would do any ways of using right now right yeah it's great benefits. And yet two point 05% annual percentage yield on your savings try finding that in another bank leader bank offers it. It's called Zuma rewards account paying two point 05% annual percentage yield on. Bounces up to a 100000 dollars. To learn more call leader bank at 8776917900. Or visit them online leader bank dot com. It's called Zuma. Rewards account CU GMA. 8776917. B 900. Securities offered to securities America each member Sandra SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated if part of the financial exchange in an instant. By texting us and 63566. Starter tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24 sevenths right here on the financial exchange radio network. The vast majority of are blaming the Democrats. With the government shut down. But 978 has a different perspective very I blame the Republicans who would not pass this bill last year under Paul Ryan. I support the president that's an interesting perspective as a track. It is I mean obviously you know you've got a few different. Potential causes here I think the big thing that we're just trying to figure and say how much longer is this going to last because he hears the way I tend to look at it so let's say. We have 800000 people that are either working without pay or that are just never getting paid for that right and just and just are are working. And so if we do the math out so let's what what do you think the average pay of one of these federal employees is on a weekly basis. And at a C thousand dollars and I was gonna say 1112100 dollars so if if we run this out and so case we've got 800000. People. That are making a thousand bucks a week you're talking 800 million dollars a week that isn't being paid out in wages to these employees so worse and we spent or three weeks in NASA get 2.4 billion dollars that has not been paid out. They can't be spent right now. And you know broad scheme of things it's a relatively small amounts. In in terms of the overall size the US economy which is a twenty trillion dollar behemoth. But you know what when you take a look at it still as the it's these things around the margins because if they're not spending. Then what happens to businesses that can't clear inventory what happens to. Restaurants that don't have customers coming in because people are cutting back and not going out so it's it's the spillover effect that you get there. And it doesn't cause major economic impacts after 12 or three weeks but look at we start getting out 6789. Weeks. This this is causing not just localized pain with people who were furloughed or if it's starting to cause broader based pain in the overall economy that. Well it is and eat in your gonna see a lot of stories as it relates to all the damage it's happening to families. Here rate the media would jump ball with us. I. It I didn't want to mentioned the the president can declare a national emergency as a relates to the border walls well Katrina. With. It's unclear. We can do it but then the Democrats sued so nothing happen. Yet sixty T it's it's unclear as to the exact legality there I know there's been you know funny people. Posting and throwing up theories on either side there but it's unclear as to whether or not it would stand up to legal challenge at this point so I think it's certainly possible. I I don't know if it's likely to worker if it's something that is near seriously being considered just kind of a negotiating point. When my friends are the Boston Globe wrote an article regarding. That is being opposed by many of the politicians in the residence that Lehman area that it is darn shame community you know you we've we've talked about this in the past chuck. Yeah one of the problems we have appeared in New England. Is we don't have access to natural gas and that's wire electric bills are so high he hears a community that's gonna potentially. Prevent this now as you know do the development but development of natural gas but the transportation natural gas. What we are in New England I think some of the most. Not in my backyard. At a town possessing people in the world and that. All we want is you know access to get cheap electricity goods but we don't want it anywhere near us and it consistently good doesn't matter. You won't get anywhere that we tried to put any kind of industrial infrastructure whether it's. Mean New Hampshire Vermont Connecticut Rhode even go through every single major and every single New England state. In none of them want to have any of the industrial infrastructure that's actually needed. To provide. Not just even cheap utilities but utilities that are just average cost compared to the rest of the country. I mean addicting thing is the complaints of the wind turbines. You know sober years ago dancing yeah. I don't wanna see that from my bode well they're gonna kill birds like OK I get that they're gonna kill birds everything that we do in life kills birds you own a cat in it kills birds that's just how it works. But like let's get past that stuff Tucker you can look this up cats it's estimated in the US two over a billion birds a year. Allow an examining like outdoor cats and stuff obviously not indoor ones but. It's like a ship a parakeet they are issues hunters of birds so if the wind turbine takes away a little cat food. I'm OK with it. But like there's tradeoffs and everything if we agreed to do nothing in all were really agreeing to do was to continue seeing higher electricity cost. What's what's ironic is you get a lot of these people chuck will say well we're posted this because it it might be unsightly you know we don't we don't look at the compressor plant I don't wanna look at my gas bill. And then the at the same token though they'll be the ones complaining about the coal fired plants right in the in the reason we have we still have coal fired plants as we kick him that natural gas where we need it when it's it's ever. Everything has trade offs you know it's what whenever you solve a problem you inherently create a new one that's the nature of solving a problem so if the problem that you're trying to solve his high. Energy costs in the New England region. Hey if you solve that you may create a new problem that hate yet the plant that you create might be ugly OK what can we do to mitigate that can we put it in a different place to at least change the chemistry. He can work through this and try to figure it out but choosing not to do when he thing. Just makes the problem worse and more expensive to deal with down the road as demand increases and as he bigger and bigger facilities to deal with that. Locally State Street. Try to pare some of their management team and reduce their headcount. Yet 15%. Of their senior management is going to be laid off. And this is an addition to the 7000 jobs State Street is cutting by 20/20. In this continues. Really in the last day or two. A little bit of a burst of either job cuts or you know just potential non hires that are happening. Across a number of companies in the US Ford announced they're cutting thousands of jobs you also saw American Airlines and delta report negative guidance and they may be making some putts so. You've got some some different companies now. There are. I think a little bit more downbeat than they were twelve months ago. And when you start to see this this the kind of stuff that starts to really factor in as far as where GDP he's going in the future and then from there you know what companies are able to earn so. I think you're starting to see companies really responding by being a little bit more cautious heading into 2019 now. Stocks are pulling back a little bit the Dow down 72 points the S&P down ten. Crude oil is trading down 46 cents a barrel at 5190. And I'm trying to get a handle on goal don't get that for you when we return. Well the full market update for you coming up next on the financial exchange. Like this on FaceBook and followers on Twitter. Show breaking business news news hole. First right here on the financial exchange radio network. That speaks theory a great family friendly mountain where it's something for everyone including day and night skiing snowboarding snow tubing aired a special pop up pay one price program on Saturday nights at the pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. 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Or zero rent dot net. 2018 sought a market reached new highs but they were short lived in the year ended with a thud as far as investors are concerned record growth in the stock market may be a fleeting thought as we head into Tony nineteenth so it's incumbent upon you to review your portfolio and your investment strategy Titus is very Armstrong and I can help I've got a brand new guide out this month that will review the ups and downs of the past year while providing you with information and assistance that you'll need as you strive to maintain your assets and see them grow this year -- economic forecast is cloudy at best so call right now you can get your free copy of my new guide at 803934001. That's 803934001. Or download it right now at Armstrong advisory dot. Can't securities offered to sturdy smirk incorporated members in SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. 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Or email BBO leader bank dot com for more information member FDIC equal housing one. And medieval times sharp says was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. Tony team was a rocky year for stocks including nineteen be the same better. Worse the Armstrong advisory group has a new guide of this month called 2019 a look ahead in if you learn about what may in the market so turbulent and whether or not it can stay there to your free copy by calling 803934001. Or downloaded right now Armstrong advisory dot com securities are produced thirties America incorporated member finreg SAP C and advisory services are for the securities America advisors incorporated Barry Armstrong were presented at Armstrong advisory group in the securities America companies are unaffiliated. Time now for Wall Street watch a look at the market's performance so far today but still Berrian joke right here on the financial exchange radio network. Wall Street watches brought to you by leader bank if you're in. Indeed a bit purchase or refinance loans leader bank has some of the most competitive rates in that we would. He dedicated loan officer will work with you every step of the way. And their local decision making means a faster closing call right now for more information. 8776917900. Or visit them online at leader bank dot com member FDIC. You know we started off track in pretty bad bad shape for stocks not so bad now orally down 33 on the down. Jaeger markets still across the board in negative territory but not down significantly via our Biggest Loser this far as the NASDAQ which is still off less than a quarter of a percent right now oil. A little bit of a sell off on that front back to own. Just about one percents not a huge move there gold down to 1291 announced US ten year treasury still at two point 71 percents are not a whole lot of movement there. After the Fed minutes came out yesterday. And Macy still down 18% so there's no. People aren't changing their mind. After trading day trading the stock for an hour is to stay and yet not not a whole lot of movement beyond where they really opened today and and I think. You know it. We're retails interest ink is I do see the potential for some opportunities there this year even if you see some of the higher. Cost sectors that that are struggling giving examples so we've talked a little bit about how housing. Is Mayo sector that's struggling a little bit just because mortgage rates have increased year over year prices are still gone up and it's gotten a little bit on affordable. For a lot of folks trying to buy sure so I can see a pass for housing struggling but was retail. I think you still have a fairly strong consumer right now as far as wage growth and things like that. So retail might be an area it in the short term could actually do decently if you have the right stocks but. Obviously Macy's not appear to be the right stock today this is keep in mind though. We we've seen big fluctuations for Macy's each of the last ten to two or three years. So you know this is the kind of thing that you know just because of how uncertain I think the future looks for them. If they have a couple bang up quarters this could reverse by the end of the year so it's Agnew caution people to read too much into one earnings report here. Their problem instruct his skis the seems to be an antiquated retailer that has they'd be they tried it. Move forward that TJ Maxx model that have been able to do it fast and wrote maybe they'll speed up I don't know. I don't know me keep in mind this is a stock that at the beginning of last year for 26 bucks to forty in the first half so investors thought they were doing something right so get the five year chart on this thing. Mean it's ugly Roy and open it does what they did five years ago really matter today. I guess not I guess not that I guess that's the problem that a lot of people have built truck did you look at you say well I remember five years ago this is seventy dollar stock in and you look at the current thing now and you say to yourself. Does their leadership. Have a handle on what it it's going to take to turn it around or is it another JC Penney or is it the next year's site I don't know the answer to. I think the big thing that I always try to remember is some. When it comes to retail there's always so only so many dollars to go around credited there's always so much money that people are going to spend an Amazon keeps getting those dollars they do so I think. Any anyone is looking at retail. A single retailer in a vacuum in saying. Oh yeah like that company with Al considering the Amazon effect right. I think it's shortsighted so yeah apps and we have to build that in. But there's some companies it TJX as you mentioned. They've been kind of in per used Amazon lead if it hasn't mattered to them now does that mean that it never will. No I mean it certainly could change but. I can tell you this. I buy a ton of stuff from my wife buys a ton of stuff on Amazon. You know she still go lose to home goods and TJX and marshals. Just as much as she did previously grade she never goes to a Macy's. I don't even know where the closest one is. Likely you are you familiar with this east league farm in Framingham the urinal ramming him guy I certainly am I know exactly where it is. 112 acre property. And Doug Steffen is the owner. He's action different mind. And he he wants to lease it out for a candidates grove facility what are the chances of this getting through framing him. So I don't know a ton about premium politics these days this is on the the north side of town. Which I can tell you is is generally thought of as the wealthier side of town. My gut would tell me just based on that there's a whole bunch not in my backyard that is probably get end up happening here. And so I think there's real questions just because. It again just from looking at. I know what it may not want the but they they could do that term but then Doug could just say well can't turn it into condos and I'll put 600 condos in your body like that. To be honest I think a lot of people at this point in I'm not speaking of framing him in particular is again I don't know. Yup but if I just look at how things have holed out on the on the municipal level like at the talent level in Massachusetts. And no one wants marijuana in their town. No the Framingham is gonna have the pot shops I'm I'm just telling you I'm I'm like I'm I'm just. Hello this is so it this is so dumb if framing if he ear lakers they can have it right Framingham could have this you're right the matter of 2300 jobs. You wouldn't have 600 condos because that's what the owner to duty could turn that into a house. And a 112 acres my gosh I don't know how many houses he could it wouldn't be answered the lot. I'll be curious to see how this rolls Framingham is just as a regressive as Charlton. It's it's it's a real question because in theory you know this kind of thing that's going to create jobs and economic activity exact but. So many talents have been aggressive in pushing this the way so. It's not that I don't think it would be better than content they do think we're better than condoms but I I jobs don't know if the town views at the same way. Again that he as we age long term care is something to make sure that you plan for. How quickly would you or assets be depleted if you had to write checks to the tune of 141000. Dollars every month. According to Genworth the average cost of a private room at a nursing home in New England is just under. 135000. Dollar per year and that the average is expected to increase over. 181000. By the year 20/20 eight yeah Ike's. If you or loved one are faced with an unexpected nursing homes stake in heaven but your planning it before you write the check. Pick up the phone and call the experts at Cushing in dole. Their phone number is 8668485699. Cushing and Dolan has been helping families. Just like you or protect their assets for more than thirty years. And they put together a brand new guide for this month it's called. Planning for procrastinators. It'll offer you strategies that can help educate you on the steps that you need to take to protect your assets and your family. Don't put it off. Make the call your free guide can be obtained by calling 8668485699. Or download the guide right now from their website it's legal exchange showed dot com if you got right now is go to the website. Legal exchange showed dot com or call them toll free 8668485699. Chuck I understand we have a new discount airline coming into Logan Airport. We certainly do Frontier Airlines they currently operates out of about a hundred different. Cities in the US is going to be coming to Logan. With flights to Orlando in Raleigh German I'll tell you my parents live in Raleigh Durham some pretty stoked about this to be completely honest. In fact I was looking at flights. Four made just when when the other gonna start is doing these flights effectively. And I found roundtrip flights for a hundred dollars down to see my parents so they might precede a whole lot more me now. But. What do they charge because I've gone down from like seventy bucks and a book depends when you wanna go. There at all you know so it's late if if you wanna fly on a Friday come home on Sunday you're not flying for seventy dollars yep you'll be frontier either. I I am I'm bound flying on Friday to Sunday for a hundred dollars. Yet but that's a one time to do it special to get people pushed over there I don't either. I don't care is I don't care it's a special knots of whatever they wanna do that's fine with me or no way that the seats are really bad. Food and water. What we're going to get lost really work and and you're supposed to wait tip the flight attendants you know. I don't know if you're being serious on the I'm sick ate it up so odd jobs there racers. To use you're this tips you're supposed to tip the flight attendants on frontier. And says who. Just tell me this guy from the you guys need to do your research note before you buy a ticket and says hey welcome to fronts here yet the tip. We don't have to I don't and I don't understand I don't know Gary's. Re use has need to. And you need to do your show and long. About. We're talking about a community the expectation is temperatures you'll airline that I know. We're expected to tip the clintons I believe until this year no airline allow for tips to play details of its past three years at frontier at least two. This year at the chain to lose they're not going to pull it. So if you get a stewardess or flight attendant that as a really good job news of them five bucks they get to keep the entire five dollars so you eat it. Will improve service that you just understand chuck if that woman bring you gin and tonic your expected deeper gratuity I don't think it's ever ordered a drink on a flight. We oh drink before the flight yeah I'm seeing just through quick who will search that it's on their like I've had looking thing when you order a drink. The says gratuities are appreciated. Gifts as yet that there. You usually do different things here. I used I just telling you with the expectations among the people. That are use it touched the stuff. That coming up we're gonna have because exiting. You do why. Because it's not my responsibility for an employer to pay their people the right way. I tip well when I go to arrest why tip well when you know I stay at a hotel but it's not my it should not be the customer's problem to pay the employees the right way. It's our culture it's how we do it's that your dominant culture yup it's it's part of what we do here and hey we're you know a lot as you were never tipped worker in YouTube I know America's I aborted because I want someone who pay me for my services when I'm when I'm entitled to what I would have earned. I don't want an employer who says Leo let me just give you the bargain basement and they haven't I have someone else make up the rest. Tucker I'll remember that next time you're handing out the bonus checks it does add to that degree to. But that's from the employer that's my point right. Up next will be joined by Adam Johnson from bull's eye brief dot com grab a pencil and paper he's probably got a couple stock tips for it that's next on the financial exchange. Does this in stunt to you know. I know you're portfolio beats the financial exchange with Barry Armstrong in jokes done well on the financial exchange radio network. The calendar has turned and a New Year's here after the way the market ended in 2018 we may not want to look back but in addition to reviewing what was it's also time to look ahead hi this is there are strong and I'd like to ask you to also reflect on your financial well being and your investment strategy as we head into 2019 the markets are still volatile many believe the economy is slowing and were on the brink of a recession trade with China continues to be an issue so what does 2019 hold for us Everett a brand new guy they'll help you look back on the roller coaster year while providing you with guidance to keep your portfolio strong and growing it's called the 2018 your review and 2019 forecast and you can get your free copy by calling 803934001. That's 803934001. Or download it right now at Armstrong advisory dot com. Dirty Zapatistas are incorporated and as a PC advisory service as the protestors were to buy corporate or are represented a advisory group and secure America company or an affiliated representatives to America to go to the legal text voice only secure voice and especially with the laws and state. As we age long term care or something to make sure you plan for how quickly would you arrest since being depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average customer private room at a nursing home in New England is just under 135000. Dollars per year and then average cost is expected to increase to over 181000. By the year 20/20 eight if you were a loved one are faced with an unexpected nursing home study when you haven't done your claiming yet before you write that check. Pick up the phone call the experts at Cushing Nolan at 8668485699. Cushing in Dolan has been helping families just like George protect their assets for more than thirty years and they put together a brand new guide for this month called planning for procrastinators. And look for you strategies that can help educate you on the steps you need to take to protect your assets and your family. Do not put off this call any longer did your free guy today by calling 8668485699. At 8668485699. Or download the guide right now from our website legal exchange showed dot com or. All trying to think outside the box when it comes to giving gifts for special occasions so this year I'd encourage you to call leader bank you can visit all leader bank locations from Arlington to the seaport in Boston and they've got one ounce. And 110 ounce silver and gold bullion coins that all their locations and other precious metals are available upon request these types of purchases can be as Smart investment in addition to being a great gift for someone you love cult leader bank today at 8776917900. And learn more about its precious metal collection by your coins in the branch and get them gift wrapped right then and there get a head start on your holiday shopping call right now 8776917900. That's 8776917900. Or visit them online at leader bank dot com for more information. Not a deposit not FDIC insured uninsured by any federal government agency god guaranteed by the bank and may go down in value leader back a step ahead. Hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917. B 900 that's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Subject to credit approval leader bank a step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there heard just vote go to financial exchange oh god come and test away. Oh yeah. Story is now as he does every Thursday is Adam Johnson from bullseye grief he can get all of his stock picks every week that he post rate on bulls ivory dot com so make sure you had over there and sign up and Adam. Thanks for joining us how aria. They could be with you guys forgive me by the way but suddenly got fraud in my program still look head cold that you know. Is this season there were no to battle. You sound got to play hurt you yes you have to play hurt out of that's that's the you know not only reflect my guide and Alabama left on what it is that you. Not not good not good. Let's let's talk about where we stand in in markets right now we have the S&P about 10% off its lows from my Christmas Eve. I'm curious what your thoughts are let's talk first just kind of short term. How much further do you think this thing can rally you know over the next couple weeks. Well I took very good about where we are on the market right now and I have to tell you but it what I thought this morning it was really symptomatic of kind of what's been happening behind these. You know I wake up that literally wore clock because you know both stepped out I checked my Bloomberg in the lead the worry is. Market cracked is that rally over and that app what I was thinking oh my gosh where future now report record. We're down 75 yeah it's great you know we've gotten all so. I don't know we just don't custom all the emboldened and you know the Fed look they said kinda cave because that would can't read rate than. Well you know it's it it is though market aren't allowed that it. Correct well markets corrected now the real waiting. And the reality of the very strong economy okay maybe not as strong as it was then in July but still very strong economy. That's what ultimately driving earnings. Fifty to 20% so I feel very good about with marketed it. And there is that I like having you on every week is you provide a healthy dose of optimism to balance out my pessimism and so I'm gonna take this is an opportunity. I'm gonna tell you all the things that are worrying me right now today just with Marta because the whole list to be way too long. But I want it is see if you can put some of these fears to bed at least. We're starting to see companies in addition to apple and Samsung in the last week but other companies lowering guidance even starting to cut jobs or give you a list just from today. Ford internationally saying they're gonna be downsizing jaguar saying their downsizing. Macy's cutting earnings American cutting earnings delta cutting earnings. Make me feel better. First of all the former Jay or order it rejects the book at her. Their point a to point your right. At at this point by the way and I know electable on the oval legally and on who will be buried at apple corps. Is simply try to you know. And Rupert Walken that we would ever that. Board has been struggling with European operations for a long time I'm long word. And kind of break even right now than on your appetite in all. I'm I'm long board because what it's doing with elected if the pace they'll. The European restructuring fine it's part of the deal. Make these yet terrible number I you'd be wrong make he's back poll that. You finding it in the scene because at that point the value of real estate is worth more than words that are on the panel cheap. But that kind of a broken franchise from the other retailers were a little bit. Okay the power is transportation. I hear is that the disappointment American and they'll it's not that the numbers everybody thought. I don't know what to make of that because it's been reduced spending money like it's going I'll write the numbers were still that it gets. They weren't as good as we thought bill OK well I'll grant you that went all optic we wanted to do but I'll I'll grant you. That I am on the prize in I don't know one term but whatever I'm surprised by the weakness on. Adam here's something that I do feel good about not so much in terms of what what it means us for society but just in terms of what it means for stocks. Might take is that based on what we heard from Jerome Powell last Friday. The Fed is done almost a complete 180 at this point. And I think has a possibility of really back stopping stocks in the near future do you feel the same way. Yeah I mean in in no uncertain terms Howell K. Okay he totally and he based in a back in October that it is the very strong market and quote. That are getting in bed I think the economy. In and continued to be banned for very long period. He might even had a limited with court that would think that the battle. And then you know trumpet that that he can't raise rates and what they're saying hey we're aware you know your strict about security raid. You're not a liquidity out of the of the upper crying out loud there's still so what liquidity in the rates are still so low economic aid. But I will also would net. That the market you know. Like low rate you know it like that should surprise you that getting at it even a little bit it's very helped the it's good for my portfolio I mean you know I am upbeat about like well what the market up I'm up about 10% since the system that we were well. So you know it looked low rates are good for stocks but I'm not sure they're hoping long term adequate work. I tend to share the exact same view Adam we've got to run but thanks for joining us and catch up next week. You know there were outstanding that's Adam Johnson from bull's eye brief dot com remember he posts is picks up there every weekend so. Get there before then so you can see what he is talking about. Everybody loves lower rates except for the guy that wants to buy a CD is local bank rate. Yeah it's easy. You know it there's always a trade off you know if if the guiding wants a CD can't get his rate pay at least the guy get the mortgage can get his him vice Versa when they go up so it's. There's always winners and losers unfortunately the problem of low rates a lot of people on fixed incomes tend to get. Hurt the most. The Dow is down fourteen points and we come back are we talking about the US China trade talks that come to a conclusion would have the results. We'll talk about it when we return. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing calling 8776917. B 900 that's 8776917900. Or visit leader banks dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. 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Pats peak dark com hi this is very Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and dale milieu a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Are subject to credit approval leader bank a step ahead. The money matters radio network WB MW Lemmon William and W 275 CM FM good Boston the money matters radio network. Hi this is chuck and Mike from the financial exchanged as we start off 2019. I think if first makes sense Mike to look back a bit at 2018 and talk about some of the big themes that we saw. That move marked create a couple big dips to 10% dips over the course of the year. What caused the more key factor pensive. And just have the ability to add more volatility into both the bond and stock market and it definitely saw that to fascinate. Mike one of the big things this had an impact in particular in the second half of the years the trade conflict between the US and China how do you see that continuing. To affect markets as we move deeper in the 2019. Yeah I mean huge huge issue for a second half eighteen it really added a lot of volatility in markets then and certainly it's going to spill over 2009 team. When we look ahead here my personal views on it is I think that we probably get something on on the US China trade deal. Before the end of the year present don't think the president trump once you head into a reelection season with eight giant economic headwind. And looming over so that's my personal view but it's really tough to tell folks there. Is a lot to look at heading into the new year and so we did put together a brand new guide titled looking ahead to 2019. It's free to get an all you have to do is go to Armstrong advisory dot com once again the guide is titled looking ahead to 2019. It doesn't cost you anything to get it in you can download it for free at Armstrong advisory dot com. Securities offered to securities America incorporated members Jenrette SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. In medieval times 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. 2018 sought a market reached new highs but they were short lived in the year ended with a thud as far as investors are concerned record growth in the stock market may be a fleeting thought as we head into Tony nineteenth so it's incumbent upon you to review your portfolio and your investment strategy hi this is very Armstrong and I can help I've got a brand new guide out this month that will review the ups and downs of the past year while providing you with information and assistance that you'll need as you strive to maintain your assets and see them grow this year's economic forecast is cloudy at best so call right now you can get your free copy of my new guide at 803934001. That's 803934001. Or download it right now at Armstrong advisory dot com. Securities offered to securities America incorporated members and SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. Hi this is Rachel from Shawnee peak in beautiful Princeton man. Johnny peak profits forty said Kurt trails or boasting gorgeous views of the president to mountain. And lakes region of the name. Come skiing entreaties we offered stiff and related areas to play and and free trade pacts that range from beginner three acre feet. Did you know that Sony deep pockets mean most nights being in New England. Nineteen about sales and at six nights a week and the cost of nineteen it's always included in your daily ticket. Johnny PR for his family friends and outs and action packed calendar of events. 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It's pretty hard to find a bank that -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is Barry Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks -- rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's -- all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at -- bank dot com. Minimum deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings were subject to change without notice leader bank a step ahead member of the icing. And me. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day you're 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 very Armstrong and sharks done us. And trade talks between the United States and China had concluded. And it is widely expected. That president trump and president he will meet at the World Economic Forum in Davos Switzerland. Later this month hi everybody it's very chuck could chuck this is probably going to be the best doubles meeting that we ever had in terms of hype and excitement. Potentially except keep in mind the president this morning said that he won't go to Davos at the shutdown continues. Oh he's go I'm telling he will be in doubles he's gotten opportunity that's the world stage that is. He acted to go to doubles. In eve got to be billionaire and and that is where the look arcs from all over the globe. Go once a year to decide what SP arms are going to be allowed to eat Portland. All I'm saying is that he said this morning that he will not go to doll votes if the shut down is still in progress. Now you wanna bet. I saw a prediction that. Hi I say the president goes to the models come hell or high water so you're saying even if the shut down is still going on. He's going to dobbs. Has a shot now placed shut down its gonna end. By ID and this day you put this on the board to talker avoid. With today Thursday that Thursday the tenth and they don't get paid more. Correct. That's what they the first big paycheck misses to moralist I understand it. Am I gonna say this thing's settled by Monday night. While. Knows this blaze at a price is right where you can't go over. So like if I'm after a dual I would on this is like a hole in one old one closest in those who have its eighteenth but I see the nineteenth I could still win. I'll allow it. Closest water lands and I'm gonna go the 25. Really you think it drags on now on two more weeks to do that's that's terrible that happens that that is really responsible. I think we've got two more weeks. What do you think happens in topless BET. The you are you really don't think he's gonna go to novels. Boy stumbles and about I don't know what he wasn't president he was an invite it to doubts now that he's president gets the go UB of the go to doubles for the rest of the we're used to close Switzerland's Alka. Very nice. Beautiful place so what so from what I hear at least got so I I think that assuming that the shut down is is done and I lose this one okay. Assuming that's the case. I think you make some some more incremental prosper progress towards a deal at that point. I don't think that we're going to get big overarching deal on the big things that you know. America really wants as far as I don't think really get the EU level intellectual property protection that we want. I don't think we're gonna get any type of meaningful shift from a currency perspective. I don't think that we are going to get any type of in two. The joint venture type things that are required for US companies to set up. But I do think you're probably gonna see some agreements maybe to get some additional. Imports from the US over to China. Annan's. Maybe some other little pieces around and around the edges that maybe help on the intellectual property side but don't really solve the entire problem. It what you would do. From a perspective standpoint. Who do you think you sketch in most of the heat for the government shut down truck. And I looked at a polling piece from Reuters and if those. And it's 51% of Americans were blaming the president I think was 32% were blaming Democrats. It really just depends on what news channel we watched. Anyone who watches MSNBC thinks it's Republicans the president when he watches Fox News thinks it's the Democrats. Well our poll question today is you know who's who's more responsible for the government shut down the president. Or the Democrats. So far at the polls and up for an hour 19% of our listeners think the president is responsible and 80% think the Democrats are responsible. You can participate in our poll by visiting our website its financial exchange showed dot com I know some of you are. Wanting to express your thoughts on this topic you can do that by taxing us. Remember our text number is 63566. We have to put my first name at the beginning of your taxes to bury BA RRY. Then 63566. And then whatever your thoughts are on this topic did you catch the price action in oil yesterday is about 415. And I checked my idea my blog and I saw oil rallied 5% during trading. Yet big rally going on not in oil yesterday that's offset. A decent chunk of the losses from. The prior month in the price of oil mean we've seen oil go from DOE in the the the mid sixties down into the low forties which was you know significant chunk of change if you're talking about being you know either a an energy producer or beat. Someone who's going to fill their tank up. At the end of the week so you know certainly seeing these prices bounced back up like this they're not ideal for us as consumers of oil because. Hey if we either need you know heating oil that's more expensive now if we need to fill tankan our car that's more expensive. But if you or someone who's working in the oil fields in Texas and North Dakota you're saying hey get a little bit more job security Donna did a couple weeks ago. And that's the big difference today from twenty years ago. Yeah twenty years ago. Before bush Cheney rework it would generally. You know it went habits that we increased oil for a 100%. Me take a lot. A thicker down a decreased to view like 56 million barrels a day in power but that twelve what you're do you wanna look at. Which won the seat from right. So in the year 2000 the US was producing about six million barrels day soak in in the range of what you were talking about we have to the most loyal we are producing prior to this. Was back in the early 1970s we're doing about ten million barrels day. But that dipped following. Pro the late 1980s into. The mid 2000 the the real energy spike that we saw was actually when when fracking became kind of that the big thing that was actually viable. And that was Ian 2011. Through fifteen. You saw a really a five year increased from about five million barrels day up to almost ten. Now. Have we heard anymore on seers. The last night I saw that anyway emperor was in increases offered five billion stocks trading at forty cents yet the story basically a bankruptcy east it's the story. In the company that just won't die. Tucker did I say that I thought that they would keep it open another year did I say that thought they'd find some way. I'll have to go on my prediction that I think I said that earlier this week. In this the kind of thing I'm talking about it's. You know Lampard has committed more capital. Including a 120 million dollars to effectively keep the company going and qualify for an auction for next week. Did write that check that and yup and so apparently. This new bid could be at five billion dollars is opposed to the four point four he initially did on it's unclear what the composition of that five billion is. It to give me an idea of this part of that four point four billion dollar bid. Was that Lampard was going to forgive one point three billion of debt that he would lent the company himself. So you know it's. I have no idea how long this is going to go on because to be honest in in a normal bankruptcy this this wouldn't dawn like a month ago lady it would have been over three to. That whimper was pulling during the last five years and leases and selling off lands then did he made a lot of maneuvers. And the creditors are saying hey you screwed hit us and put that money in your pocket. And and we one day we wanna go back and litigate that. That's that's were I think it's truly becomes problematic overseers in if that's the case I don't think that any bid is necessarily big enough to save the company. Yeah and why save it cake K he attacked had a Maggie it's difficult for me. To imagine a scenario where it survives. I tend to agree but think. Any Lampard seems to have just in irrational low for this company and and maybe look at the money that he's pulling off the company that he really has the irrational law of war but for like. I can't think of any other investor in recent years that has done something like this. They wouldn't we learn from the Fed yesterday I say you some minutes from whatever economists. But BZ basically might take away from one's. If the economy is released strong. And wages are growing fast we might raise rates couple times. But I don't count on any rate hikes this year is that made it is that your take away or do you feel that. So I think when it comes to just you know how they're raising rates and things like that I think that's pretty spot on what I found really interesting. Is. Their comments on the balance sheet and and I wanna go through this is I think it's really important action so. If if any of our listeners aren't aware during the aftermath of the financial crisis the Fed started buying up both US treasuries and what are called mortgage backed securities which are bonds that are backed by mortgages. In order to try to. Get some additional liquidity into the market and also to a certain extent. To help asset prices as they bought those assets up. Hey if you have an additional buyer of eighty billion dollars in treasuries every month. More you know you're gonna have more demand for treasuries and so the price is gonna go. So over the last year and a half now they've started to sell off some of that portfolio got up to around four and a half trillion it's down to around four trillion. End zone on offer that is not buying new ones expire they're allowing fifty billion dollars in proceeds to roll off every month so they're just they're not renewing them and not continuing to maintain the same amount. What they said though and this is the quote from them. They noted that the federal funds rate and other money market rates could possibly become somewhat volatile times as banks and financial markets that just to lower levels of reserve balances are pretty much. As the Fed. Let's go of these bonds if Paul's money out of the economy because someone that has to step in and be the buyer. And the Fed is telling you through this they don't know if they're going to be able to find enough buyers term rates. So that could cause rates to July even though they don't raise they might have a demand problem for treasuries which. Is something that I've been talking about for the last year and a half I've been laughed out of whole bunch of rooms because of it. But it's very implicitly acknowledging. Hey we might have a demand problem at some point because we don't know if we can find enough buyers for all the bonds that were no longer going to be buying ourselves. So. What I'm interpreting that is saying it right now the tenure treasure restraining it went to 75. Yet it's something where they say they may lose control of the long end of the bit of the yield curve to a certain extent in maybe even the short and depending on how things end up playing out. Well how high can it go. Non tenure. Or fourth. I don't know but and I don't think that's a crazy number if you're looking kind of in the next two to three years I don't think you can see that this year necessarily. Should be according inversion right here cars that could go way when these things happen. They happen quickly it's not something where you have a gradual move up there it's investors realize hey there's there's a problem here. In instantly UC move so. It it doesn't matter until it does but when it does matter it's really important and I think the big thing is longer term bonds if if you hold yield curve moves at the same rate longer term bonds are still get a sell off more just because you have more interest payments that are going to be affected. Well we will we will see it coming up or talk about another auto maker it's could be paying. Millions of dollars as a relates to cheating on emissions tests that is next on the financial exchange. I'm sure it'll tore everything business and finance it's the financial exchange with Barry Armstrong and chunks are on the financial exchange rate he'll never. Work the calendar has turned and a New Year's here after the way the market ended in 2018 we may not want to look back but in addition to reviewing what was it's also time to look ahead hi this is -- strong and I'd like to ask you to also reflect on your financial well being and your investment strategy as we head into 2019 the markets are still volatile many believe the economy is slowing and were on the brink of a recession trade with China continues to be an issue so what does 2019 holds for us Everett a brand new guy they'll help you look back on the roller coaster year while providing you with guidance to keep your portfolio strong and growing it's called the 2018 your review and 2019 forecast and you can get your free copy by calling 803934001. That's 803934001. Or download it right now at Armstrong advisory dot com. Dirty suffered mysteries are incorporated remember him as a BC an advisory service as the protestors are devices incorporated Gary Armstrong were presented a strong advisory group security companies are an affiliate opportunity to secure it's America do not offer legal or tax advice always to people is that a professionally with the laws in your state. As we age long term care or something to make sure you plan for how quickly would you arrest since being depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average customer private room at a nursing home in New England is just under 135000. Dollars per year and let average cost is expected to increase to over 181000. By the year 20/20 eight if you were a loved one are faced with an unexpected nursing home study when you haven't done your claiming yet before you write that check. Pick up the phone and call the experts at Cushing Dolan at 86684. Raped by 699. Cushing Dolan has been helping families just like George protect their essence for more than thirty years and they've put together a brand new guide for this month called planning for procrastinators. And look for you strategies that can help educate you on the steps you need to take to protect your assets and your family. Do not put off this call any longer give your free guide today by calling 866848569. Time that's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Hi this is very Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on 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 a number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number four corner on two -- here are subject of credit approval leader bank to step if you're real estate property management company you need to banking partner that has all the right tools to keep your operation efficient -- bank is one of -- premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect -- managed Condo association payments in digitized paper checks hi this is -- is not -- we'd bank utilizing state of the art technology to offer convenient banking services to which real estate clients such as a CH payments mobile banking promote check scanners in its innovative -- rent payment platform -- bank has a team of business bankers that are on -- help you know come to your place of business to make it as easy as possible number to call your interest did is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies -- -- bank is their banking partner call 8776917900. Or email BBO leader bank dot com for more information member FDIC equal housing one. The financial exchange. Is Cole overrule then 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. 99 years ago today that treaty averse side began to take effect officially ending World War I. We will be asking trivia question about the treaty of adverse side. The treaty of Versailles it was signed on the five year anniversary. Of the assassination. Of which European. Arch duke. Now architects number is 63566. But he must put my first name before that Texan pursuant Barry BA RY. Then 63566. And then of course. Whatever the answer is Lois our assistant will select a winner from the correct answers that we receive to the question. The treaty of Versailles was signed on the five year anniversary of the assassination of which European. Arch duke 63566. Folks is that text number. So chuck. I just saw the settlement on Fiat Chrysler as relates to 650 million dollars they also were cheating on their emissions standards. Their penalty much less than folks like. Yet there's was much less they are also paying 305 million in penalties to the federal government and state of California as well here. That the reason why this is a smaller finds that was happening on a smaller number of vehicles most notably. This was on about a 104000. Vehicles. As opposed to a significantly higher number. Four Volkswagen. It is the it just you kind of wonder what's what's happening like it has anybody played by the rules right away why have the rules. Well I don't know I mean again just because two companies were doing it it certainly doesn't especially now that you know. Investigators note that this was something that was going on. I would think that you would have other ones that would have been uncovered by now if more companies are doing it just because that. That's how this one actually was found was Louis are at yet it was he was in the aftermath of the Volkswagen one and investigators started looking at all these other new systems and said. Oh gee we found something on all these you know ram 15100 trucks in and Jeep grand cherokees for a few years. We we probably should do something about it so it's I think it would kind of passed the point where a lot of these would be found. I think that this is probably the big one that Veoh ended up coming up here. The birth rate in America has been declining but some places are more fertile than others according to a new look at federal data. That reveals significant variation in fertility rates around the country. Only South Dakota and Utah's fertility rates reached the level needed to sustain the current population. I've been talking about this for ten years and people are finally start to work who wake up to it. I mean we're just not happen any babies are not having enough to just keep our population the saint. Every day we have to cover one of these stories I thought the Tucker would be nice saving grace that hey maybe it get a little bit of a the honeymoon in that I would NAFTA to go through but yeah we're we're not having enough kids now okay. In the US right now the fertility rate in terms of an and that's really the estimate of the number of kids that woman will have you in the her lifetime. Was about a heart a 1765. Births per thousand women. We need about 2100 babies per thousand women to maintain current population doubles. My question is given how bad traffic is now crowded everything is why we need as many people's behalf today well we had an off. It would resist him to do all of you you ask yourself. What is it do to real estate values going for what does it do for eerie thing about industries that are built. Like real estate right they're built on a burgeoning population now you have properties have to be knocked down. But maybe we've reached peak population in the United States well and. And I think the the big thing this couple things consider first we still do have significant immigration coming in so that does you know still keep people coming in to the united Saturday million a year yet in that ballpark. And so that pretty much gets you over -- overall replacement rate. But the other thing to consider is that you know when we talked about. The changes that we've seen the biggest change actually I was looking at the data about. Maybe a month or two would go it's not that fewer women are having kids you actually are about the same number of women having kids today as you did 203040 years ago. They're just having fewer. Which years here numbers as it relates to the ethnicity of our country. Hispanic women's pat. Excuse me Hispanic women had the highest fertility rates of the necessities study. And pass the 2100 births per 1000 women needed. To sustain population 29 it's black woman. Reach that level in twelve states while white woman did not reach that level in any state. So think about what that does team in terms of the the racial demographics of the United States they're gonna change dramatically. Though we have X 2030 year you're gonna see a beat shift in the next generation. It's amazing it's amazing. Here I don't know. He you know like you look at some of the that you look at Social Security Social Security was always based on. We are always gonna have this ever increasing population heroes and have more and more people paying into that system. It's a that the fund will eventually replenish itself. You eat your now you you could be dealing with a situation where you've got a declining popular. One in part of it is that when you have a declining population. The way that we currently use debt doesn't work. Yeah it's who you were not our our bwi that we handled debt is not meant to deal. With the declining population on Social Security question here's one thing that I thought about so just as we had a bad formula in place does mean we can't revise it. Why don't we changed so that the either tax rate the rate overturn its required. But just based on the fertility rate. They coming up we'll have the utes are to our trivia question. And we'll also tell you why the stock market tanked in December Robert December 24 it was not long ago why did that happen. The financial exchanges and live 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. For those of us with older parents the idea of having to move one of them to a nursing home can be a scary thought indeed the New England according to Genworth the average yearly cost of a private room is almost 135000. Dollars that number is expected to be increased by 25%. By the year 20/20 eight think about paying over 180000. Dollars a year for your mom to be in a nursing home and how dramatically your financial situation would change under those circumstances. If a nursing home stays in near term possibility then you haven't done your claiming that. It's time to call the experts at Cushing in Dolan they've got a brand new guide of this month called planning for procrastinators. They've been helping families just like George for the past thirty years and they can help you do don't put us today when you might really need to do tomorrow. Call right now get this free guided 8668485699. Protect your assets and your family call 866845699. For your free guide or you can download it right now and our website legal exchange showed dot com. That's legal exchange showed dot com. In medieval times sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. If you -- real estate property management company you need to banking partner that has all the right tools to keep your operation efficient -- bank is one of these premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments -- digitize paper checks hi this is chuck Zelda -- to bank utilizing state of the art technology to offer convenient banking services to which real estate clients such as a CH payments mobile banking promote check scanners and its innovative -- rent payment platform leader bank has a team of business bankers that are on call to help you welcome to your place of business to make it as easy as possible number to call your interest did is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies choose leader bank is they're banking partner call 8776917900. Or email BBO what a leader bank dot com for more information member FDIC equal housing -- It's 6 AM clear as a bell and winter quiet I'm watching Mike Pratt turn to steam. If I turn left out of the driveway there's a mountain of paperwork on my desk if I turn right there's a mountainous snow at loon. I am turning bright and from. Work will still be there tomorrow blue mound is wide open over 320 acres three mountain beats a five Jerry parks had to mom this weekend for the Red Bull crashed twice as we search finalists it'll lift tickets as little NTN dot com slash tickets. Very our short here and I'm joined by estate planning attorney Todd let's cue from the law firm of Cushing and dole and with York. Legal exchange quick tip of the day. We're talking about last minute planning techniques that can help you save your assets. Todd we've always talked about merit couples in the past. What can be done to save the assets for widow were or single person. You know that's really important because we see that more and more today you know you've got people who have lost spouses our dealer or like Satan and it never got married planning has. Steve Leven last minute planning works for them example. Let's say you have a house and you have some money. And you get sick and you're going to nursing home. People are gonna fail I got to write the check now maybe not. Call right because what we would do is we would allow that house to be considered non accountable for users away for us to do that even when you're single and you're not living there so they want and how they might lead but they won't count it. And then the money. Depending on your rage we can do one of two things we can either buy a Medicaid annuity for you which would stretch out the money over a long period of time allowing you to pay a Medicaid rate which is about six grand a month vs fifteen grand a month private pay so huge leverage there. Or if you if the Medicaid into it doesn't work out you can do something called a pooled trust where you take assets and put it in such a special trust that allows you to get eligible for Medicaid. It may sound complicated but Cushing and dole has written a guide especially for those of you who have put off doing your planning and are now faced with a last minute nursing home situation request this brand new guide from crushing in dole and by dialing. 8668485699. It's called planning for the procrastinate or. 8668485699. If you want to guide right now. Go to their website legal exchange showed dot com that's legal exchange showed dot com or call them toll free at 8668485699. You might not be able to keep up with all the latest business and finance news but we can fix the financial exchange with the Barry Armstrong and chuck soda on the financial exchange radio network. It was on June 28 1914. It Austrian arch duke fronds Ferdinand and his wife Sophie. Were shot and killed in Sarajevo. Sparking the beginning of World War I. The winner on this question is Connor from Nantucket Thomas taking home fifty dollar gas card in tribute today is brought to you by the Armstrong advisory group. With markets still volatile now's a great time to review your portfolio Serbs call 80393. 4001. Incident free no obligation consultation today that's 803934001. So there is a lot of speculation. As to why the stock market crash on December 24 went through you in that was just like the last day of the crash aliens of well some thought it was computerized trading. There was speculation was the Federal Reserve others thought it was. The the Chinese Mair and American trade talks. Our Ed I think what we're learning. Is it was really just based on corporations saying hey. We are not going to be able to grow our earnings like we did last year I mean their earnings growth that we received when he eighteen was largely due to the tax cut not due to increased revenues. Yet it words here's the thing I think to say that it's all just because of companies saying this is some revisionist history just because. No I was talking about it then so it's it's unclear that's what was moving the market what we are seeing now. Is that there are a number of companies that are now coming out with weakening guidance as a result. And it's across all industries we've talked about some retailers Kohl's and Macy's. That are struggling we talked about. American Airlines and delta both cutting their expectations. Ford's doing some downsizing jaguars doing some downsizing. And so what you're seeing earnings growth for next year you know the projections originally were in the high single digits now we're down into kind of the three to 5% range. And I think you're gonna see further degradation there. As we continue to move forward here just as I still think there's some unanswered questions and so I think the company's. Typically do what they should do they're responsible they say we're gonna cut back on in the investment and cut back on. Our potential expansion. So why I think what they innately people off. Yeah exactly exactly if you're gonna have that environment this isn't a bad time to have layoffs because. It's not like 2008 to 2007 you lost your job in 2007 you might be unemployed for a couple years. You lose your job today. You're going back to work really whatever you want. Let's assuming that the status quo was maintained but I do think you know people look back and they say gee the last recession we went through was awful. Not every recession. Go was like in you could have a mild recession where unemployment goes up to five and a half maybe even 6% on the top end. And you say okay it's not comfortable for anyone but it's not 2008. You can have a case where it maybe you have companies that don't show earnings growth for 123 quarters. Think that that could be okay too late gets the these things happen it is this is how we weed out bad companies is. If they can't produce value and value to me is defined as if you can't produce proper meaning someone is willing to pay you more than the services that you provide. Can you really shouldn't be in business because it means that someone else to do it cheaper than you and they're better company so. I don't might mean having companies. Have to kind of fight it out in duke it out to figure out hey who's gonna you know come out of this because I think it's good for overall innovation and progress of weeds you know. Capital out of bad companies but it can be little painful process that your cat scratch you you're the victims. Absolutely folks the calendar is turned in in New Year's here after the way the market ended 2018. We might want to look back but in addition to reviewing what was. It's also time to look ahead and I've liked askew also reflect on your financial wellbeing. And your investment strategy as we head into 2019. The markets are still volatile many believe the economy is slowing and were on the brink of recession. Trade with China continues to be an issue and so the question is what is 2019 hole for us. We have a brand new guy that'll help you look back on the roller coaster year that just ended while also providing you. With guidance to keep your portfolio strong and grow. It's called the 2018 year in review and 2019 forecast didn't get your free copy by call 80393. 4001. That's 800. 393. 4001. Or download it right now that Armstrong 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. So GE has a credit rating of triple B plus that is three notches. Above junk debt territory. Question is the and even worthy of that they they gave me this the company is still hemorrhaging cash. Another trying to sell off assets when you look at the leverage that this company has struck compared to other industrial companies. He he used I still have. Still very skeptical regarding their survival. Yes a GE has about a 115 billion dollars in outstanding debt and pretty much at about four to four and a half times. The cash flow of their typically able to generate from continuing operations so. To put this in perspective the average company at the same rating that they have. Has a leverage ratio of two point nine as opposed to the fort a four and a half that GE has rate now so. It's a massively over levered company. And so would GE's saying they're going to do is say we're gonna do some restructuring sell off some parts of our business to try to pay off some of this debt. But it's unclear as to whether or not that he's going to be a viable strategy now. This doesn't mean that GE is going out of business their whole bunch of investment funds. That looked at companies just like GE called the other called distressed debt funds jail and they look at companies like this. And they try to analyze them to say hey should we buy some of this debt thinking that it's BO to bearish. To bear sleep priced at the moment. And maybe GE can actually recover so there are companies that looked at GE and might actually say oh this could be an interest in investment. But there's a lot of risk associated with doing it's still. Woody you just you look at it it's like GE can't issues who's who's gonna buy their stock if they issue more stock worst Honeywell if Honeywell said we're gonna issue more stock people copilot up. But GE I'd like I would buy. Yeah it's if I mean that this is what when I think of you know some interest in cases here. If he believes that this was a company that was salvageable. And this is normally where mr. Buffett likes to play. Now you know this is this to be a similar thing to what he did with Bank of America if you know where he says. Okay I'm gonna give you you know ten billion dollars in convertible debt in order to get your act together. And in return here's the other share price that want them to convert to equity and I'm gonna get two seats on the board ended up to dock. It's the kind of playground that he might play in if he's interested. In but I just don't know the problems are too big there and that's that's what scares a lot of people long. One and in order to raise cash they're selling off all their good stuff. Well known wants the bad stuff right behave like it that by my point is though. OK great you you have these assets sales. You're selling things or contributing to your prophet now you have less profits I just days it seems that I've not convinced the spirals over though. I will tell you their stocks at three and a half percent today at eight dollars and eighty cents with the outline of the young when you. Eat eighties a lot better than I think we are down close to seven at one point so. We'll take utilities utility companies are speeding up their closure of coal fired power plants it's amazing you know you look at the cost now. A solar. Wind and natural gas used to be Cole was that the you know that's why pretty used it was cheap right. Now it's expensive when you compare to those three sources. This sign that we had reached I think the the key point of this turn over. Was it was either last year the year before where there's a national coal mining museum I believe it's in either Kentucky or West Virginia freeware but I think it's Kentucky. But they actually switched over a solar power. You know so you know that that tells you they have that national coal fired museum is saying we don't want to be you know we want to be on renewables. There's a shift going on so you've got a whole bunch of Bob plant closures that are continuing. Either BO outbreak closures or converting them over to Nat gas plants and on and so you've got a big shift. That is going on there the Energy Information Administration estimated the domestic can coal consumption in the US last year. Fell to 691. Million tons which is the lowest level in forty years since 1979. It it makes you wonder via their. The question I have news houses. You know wind and solar do without the subsidies because they're still getting like if you wanted to put solar. On your house struck you'd get 30% tax credit for doing. You still need it add the individual level just because those scale installations arts. As competitive. Yeah at the industrial and in utility scale level. You largely don't need subsidies right now and a lot of the country. You pretty much don't need them in fact excel energy. Actually said last month that they are going to be 100% carbon free power generation by 2050 so within 31 years they're going to be. Completely away from fossil fuels and it like that's they're saying that voluntarily. You know when when utilities come out and start saying that in in they're not you know having to be forced into it. That tells you that they're doing it because it's better for their business. To go in that direction. It has been confirmed that Jeff Bezos and his wife MacKenzie are in fact going through a divorce. He had owned sixteen point 3% of Amazon. And she was you know she she was involved in that company site I think she's going to be in their perhaps. Yeah I mean it's see it's it's unclear exactly who's going to end up with ownership here depending on. You know if there any kind of pre nuptial war post nuptial agreements. That are in place. But there's a pretty good case I think to be made that she ends up with close to half of this when it's all said and done just yet especially with how long she's been involved as you mentioned. It almost doesn't matter either Reich is neither one of them could possibly spend the amount of money that happened. We have is all gonna go to their kids and foundations so like with what's the they've got four kids together so. You know OK so I don't have sixteen billion I'll have eight billion a big deal they still rich. Keep in mind that you know in tax things can change and I'm not saying that Amazon's going to go out of business I hope they don't exile of them as company I I own the stock. Things happen intact I mean did anyone ever think digital was gonna go out of business. You know they did then when everything Wang was gonna go out of it and we exchanged text so they do their due date look there that they're the pick of the litter right now. But that doesn't mean that twenty years and I Amazon's can still be what they are today. They were gonna learn about the highlights from the computer electronics show with Roger changed from CNET that's next on the financial exchange. Yeah he showed in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network as we age long term care or something to make sure you plan for how quickly would you arrest since being depleted if you had to write checks to the tune of 141000. Dollars every month according to Genworth the average customer private room at a nursing home in New England is just under 135000. Dollars per year than average cost is expected to increase to over 181000. By the year 20/20 eight if you were a loved one are faced with an unexpected nursing home study when you haven't done your claiming yet before you write that check. Pick up the phone and called experts at Cushing Nolan at 8668485699. Cushing in Dolan has been helping families just like George protect their essence for more than thirty years and they've put together a brand new guide for this month called claiming for procrastinators. It'll look for you strategies that can help educate you on the steps you need to take to protect your assets and your family. Do not put off this call any longer did your free guide today by calling 866848569. Time that's 8668485699. Or download the guide right now from our website legal exchange showed dot com. Your dream home is within reach with a Jumbo mortgage a loan from leader bank the Jumbo loan program designed for financing an excess of 500000 dollars offers fixed or variable rates for both purchases and refinance us all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank a step ahead. If you're real estate property management company you need -- banking partner that has all the right tools to keep your operation efficient -- bank is one of these premier banks in the property management and real estate space offering a suite of unique products and cash management services to help you collect rent managed Condo association payments and digitize paper checks hi this is chuck Zelda -- to bank utilizes state of the art technology to offer convenient banking services to which real estate clients such as a CH payments mobile banking promote check scanners and its innovative -- rent payment platform leader bank has a team of business bankers that are on -- to help you -- come to your place of business to make it as easy as possible number to call your interest did is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies choose leader bank is their banking partner call 8776917900. Or email BBO leader bank dot com for more information member FDIC equal housing one. Dirty suffered histories and are incorporated in SIPC and advisory services officers to resort advisors incorporated Barry Armstrong represented a strong advisory group and secure America companies are unaffiliated and there's a secure is America to go to the legal or tax advice always seek the voice of a professionally with a loss in your state. This is a special announcement for a landlords chasing down league rent payments and making trips to the bank to deposit checks take a hassle out of round date with zero and leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot -- to learn more or call 7816418691. Security suffered two securities America ain't member finreg SIPC. Advisory services arbiters securities America advisors think Gary Armstrong represented at Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. Thanks Steward Barry's 263566. And let us know what you think about the stories we discuss your team to the financial exchange radio network. I. So the big Consumer Electronics Show that happens every year at this time is currently going on out in Las Vegas and joining us now to talk about is Roger Cheng from CNET Roger thanks for joining us today. Robert Rogers so every year it seems like we get kind of a major theme in terms of what. Companies are pushing our member few years back and in these are some of the failed ones that I remember more than anything else 3-D TVs were neck going to be the way of the future not so much. Where ovals and have caught on a little bit. And then we had the Euro about augmented reality and virtual reality which is still I think for most people least more neo. More kind of fantasy than reality at this point what's kind of the big theme that we're getting out of this year's show. Yeah one of the biggest at this one that was heavily I'd like five C a next generation of I would not do it faster. We spoke to get a lot more news this show I wrote to battle out are a lot more I. The other two early by ego at. There are deployment to the next few months but I don't want the public art it really but the evident when it. What about what do we see and I always like to see what kind of the next big thing is in TVs is there anything meaningful there or is it more along the lines of 3-D that isn't ever going to actually be normal for people. You know what about the want to acknowledge that order I think is eight K that is dramatically sharper resolution before it's now. But it they'll of that road is now brought out it at a but you're showing you video. No one actually gonna wanna buy all the while. One the more I think he'd beat bit and let out eat well or he'd be the and there it is one of the court market yet it is that it what a great Electro Rent that know what you know what apply. Roger every question on the go back to the that TV's the AK ones there. There's so little programming even in it in four K right now what's the incentive and what's the reason that companies are coming out these eight KT TVs is it just my name for them. A lot of it is yet he's the united factors mean that he pushed the envelope wa technology companies there is to keep giving. The typical beaten the upgrade and even if that means what you technology that people are that you applied for the next year they like to have the game. He what you think and you know he ran like BP oil. We've got to keep moving on and expect that. Rhetoric we've just seen a whole bunch of bug growth in the Smart home area over the last two to three years in particular. Anything stand out on that front at this year's show. Yeah I think this show is that we've been a big one or put the pills if there and help the home I let it go there and oral lacks. Really. Who pulled them on as you'd found that the show out Google actually sat up. A boot what BP is the all world up for all I quietly between that you can actually go erratic demonstrate how global the or. But you could tell me that we are a lot of beat them. Sure there barracuda that there is the one that you want. Roger what does the weirdest things that's I was I was poking around on the CNET CES website earlier. There's a 600. In sixty dollar Sauna that you can use to blow dry your dog. How is this the weirdest thing you've seen it at CES are there weirder. I think there're couple weir one back. Relatively affordable now that both helped you'd. Not snoring. And yet that that's not right that waited in Asia we're lack back. That your batters he had he had that year a lot of you know it doesn't make the market or the don't buy it but it is. Cool that he spoke Bennett it would be under the. In terms of bought anything unexpected obviously you know I know that we get kind of view the TVs and things like desert anything that you saw this year we said. That actually you know kind of blew my mind it made me think a little bit. 11 a pillow affiliate of melt art. That you actually pressure. Quickly. Eight and it figure now than I expected later here you are probably. Our weekly. That's kind of fascinating actually. I did it altered our principles and I'd eager fan out it is they'll cart it or that is the critical approval work back don't fail but I am eager I would do oh you bet is it that is I would gladly paid money that. Rivera good Rodgers thanks for join this day we appreciated and we will catch up with the soon. Our credit. That is Roger chain from CNET talking about the Consumer Electronics Show. That concludes I believe tomorrow out in Las Vegas match if that thing would wash your teeth toot Dario. You'd just you know area with Q and do it after every day they do work wonders gum disease that's the case or here's the one that I've always thought about not so much for me but other people. What if you could just where half the cut your hair. Chris. What if you could just put a hat on that would cut your hair yeah is that. That's never gonna happen. The Dow's up 35 points the S&P is up fractionally the nasdaq's down fractionally crude oil trading at 52 to twenty per barrel. Silvers at 1560. And now let's take your treasuries at two point 72%. Gold. Never Feingold voted needed. Gold is trading down two dollars and fifty cents announce it to world ED 950 thanks for tuning in to the financial exchange today will be back tomorrow with another day.