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Full Show 1-23-19

Jan 23, 2019|

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This is the financial exchange with the very Armstrong and chunks are now. You're exclusive look at business and financial news affecting your day you're sick leave 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. Wednesday here on the financial exchange while all eyes in the financial world to you too beyond. Dobbs host Switzerland at the moment with the World Economic Forum going on right now which by the way. One of the things that always kept his mind their purpose of talkers this morning we reached it was the TV's on CNBC. You know some from doubtless there. Get the snow so perfect in the background on the trees like you've never seen a bear trillion dollars it's always just. Oh look at that beautiful snowed there it's it it must be heaven on earth it's billionaires and snow like. It's a it's a meeting of billionaires economic machines are not get that sense of that did last the hell out of veterans that that was thought the Tucker and I had a good are already using snowmaking machines just to make it look 1000% chance and as dreamy as it does that itself. Chucked out of Mike Armstrong Tucker still be here today and you know obviously dobbs host you know meeting of can the leaders of the world economies. But yesterday we got some. Even know it's news at this point if it's rivers it's such. Crap but here is we just we get contradicted on a daily basis and it ends up just making me feel like it will bat which are probably do anyways. But. News out yesterday that apparently. The White House rejected eight trade planning meeting with Chinese counterparts this week. Because of outstanding disagreements with two sides over enforcement of intellectual property rules that's the statement from CNBC. Larry Kudlow who used to work for CNBC now works for the White House came out afterwards. And say no that's not true actually. And so. Lake and he didn't really say that's not true he just said. That meeting was never really officially in place anyway which might just be his way of saying like there. We never actually disclose their things I have to tell you anything about us. It so I won't get all of this and here's what where I kind of stand on this is that for the last was probably about six weeks or so. We've seen some some pretty encouraging signs on on China trade development. At some point you were going to come due in the I he points here where things don't go with swimmingly simply because if everything goes well. It means that neither side is pushing hard enough to actually test the other side and obviously that's not going to be peace on something. This big so I think some people it is it oh my god the trade deal with China's dead we need late. Know that that's not what I take from this what I take is hey we've we've hammered out some of the easier to define details of a potential agreement. At some point you're gonna get two things were people beginning it seems like we're starting to get there now which to me actually take some warning personally saying. They were making a run at some of the stuff that's really important as opposed to just doing a deal for the sake of doing. Yeah I am glad that we're actually hearing the speeches in the most recent announcement that we had was that China is offering to buy a lot more goods and you know I bulges him. Unit the today and said well you're you're treating. The symptom rise than just treating the actual disease itself here where if they're going after intellectual property rules in the air really try to tackle the actual issues at hand so good indication what I what I also take has been encouraging is that yesterday the Dow swung down 300 points based on this. We are getting no additional news on whether these trade negotiations are going to happen or not. But the Dow is swinging back pretty significantly today mainly saying that that the market seems to be a little bit more optimistic than maybe last year. And it it well keep in mind last year through due in December 1 through January 25. We are really robust market that was the end of the day and actually through yesterday through the 22 last year. Markets were up five at this I think it was you down the S&P was up five point 6% this year it's up five point one exact same thing so like I don't take. A good January 2 mean hey everything's hunky dory for the rest of the year. But what I dictate this to mean is take. For what ever reason. All of the things that concerned investors in the fall last year. Just aren't as concerning to them. So far right now there are not at this simply is not the level of concern and so not the level. Price discovery to lower level that you had in the fall it's it's just a case where. Yep investors shrugging things off we'll give you an example last night. We get data out of Japan. Year over year Japanese exports to China down seven point 7%. Think that that's exactly that's a bad number that's that slate borderline shockingly bad. Markets don't care right now there and and again it's the kind of thing where I say this a lot of them are kind of lopsided but it's true. Markets don't care until they do and when they do you get BO last November and December that's what you end up getting there. So what's talked about you know some of the data in some of the chatter that we're getting just in terms of growth overall the headline from the Wall Street Journal is. The world braces for slower growth feeling they couldn't say more dramatically if they tried. What exactly are they talking about here. Well it seems to be the main theme coming out of every international economic organization everything that everyone in Davos is talking about a slowing world growth. The I amassed just a brought there world growth forecasts down for lower 2019. And is that those started that I believed three point 9% and they're now down to three and a half percent between nineteen which is a pretty significant shift and I always look at the IMF's numbers. And say OK if they're bringing their numbers down. I'm actually bringing my forecast channel bit more than that because the IMF never wants to be in the position of saying we sent the world into recession. So I think that they are likely taking a more conservative view of things are I guess maybe a more aggressive. Gas assets total world GDP growth between two. Anything in particular stand out any comments or anything as far as you know kind of what you IMF for anyone else's guiding towards on this the big things that jumped out to me where that they really haven't revise their expectations for the US and China those of kind of held stale. It's really their concerns about Europe that seemed to be. One they brought their Europe expectations down for Germany Italy France those are the main areas. And I think that if you do you have any shock the system in Europe those can be wave wave worse than their guy. There was a quote somewhere I have no idea what article was in just because I can't find now but there's a quote somewhere from someone which again gives. As a whole lot of information. And in the quote was that you know people say there's there's slowing growth but they were confident that it's. That did the appropriate policy would be taken in order to be a kind of deal with that on the back end. And I've been saying for awhile now I don't share that view yeah but my view is that if you look at leadership across the major world economies. Whether you're talking the United States whether you're talking. Germany. France the UK you talk with the biggest economies in the world. There there is no coherent leadership as far as direction in the time of crisis. Look at Britain right now they can't figure out what to do with brags look at Germany Angela Merkel is on her way out within the next year and a half. Italy has give governments that come and go depending on which way the winds blowing on a daily basis France has protests in the street right now in the US. We do not have a fully open government at the moment. So for me. When I look at policy response I say none of these countries can figure out the basic things to do when things are going right at the moment. They can't figure it out like I don't think that's an exaggeration. So when things go wrong are we expecting that the tensions that exist with in those countries are magically gonna be resolved with a wave of hand and will do what what we need to do. Yeah I mean it seems to me based on elections over the last three years and in the leadership that is in place today that. Most of the countries in the world seem to be having a bit of a backlash against globalization that that seems to be the theme of 1718. And nineteen. In terms of what we can look echo for an and I agreed that they're. In parts of Europe there's him being a serious leadership vacuum. I think over the next three years as to who leads the EU and what happens at the UK Brack today it's very very concerning the terms of growth. And I think that you get at something with that debt backlash against globalization. And specifically. I think globalization is kind of just how it it presents itself and hates convenient. You know scapegoat that we can say oh this is the cause of all our problems but the real issue is that in both good and bad times people are not being asked to share equally in either the rewards or the consequences. You're backed away and the consequence the came at a how many personal bankruptcies to police. You know how how many people did receive weather credit room for seven years how many people lost jobs that take jobs. Paying half as much and then you compare that what happened on Wall Street where you have banks might have had to pay you know the billion dollar fund here billion dollar fine there. But no executives went to jail you didn't have executives having their he reduced by 90% and having to take you know jobs working retail. You look then at the good times make stock market has more than tripled since it's low in march of 2009. That does the average and we feel like there. Three times better off them compared to 2009 no they don't and so. What I see based on the fact that we continue to see widening gap here I think this problem of a lack of coherent leadership is gonna get way worse before it gets better. And and I say this just because when you looked at what is being talked about in the United States heading into the 20/20 election. Do you see Democrats and Republicans moving closer together on any issues. Now no I certainly don't you you certainly don't and so my view is. Eight we we've got a ways to go before this this gets this bottoms out here OK just from a political leadership perspective so. I think that when I look out there. Yeah you've got slowing growth of the you have coherent policy to deal with the on the back end debt and and that is my concern is that when the next recession hits because believe me. There will be one whether it's this year or next year the year after I don't care when it is when that next recession hits. I don't think we deal with that particularly well. Now I immune. You need the global leaders in place to deal the deal with the worldwide recession if we had into that and yeah I share your concerns I don't I don't know that any countries will be willing to listen to another one at this point. So let's take a break when we come back we're going to be talking about buying a home how mortgage applications are looking right now and also. We attorneys some of the bad old days when it comes to mortgage financing both Philly and on that right after this break. Mean this very good charts graphs and numbers all day just listen to us it's the financial exchange with Barry Armstrong and chuck signed up on the financial exchange radio net. Work when he eighteen 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 Ers 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 remembers him as a PC advisory services a printer securities America advisors incorporated Gary Armstrong represented a strong advisory group the securities America companies or an affiliated 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. 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 a 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 would you might really need to do tomorrow. All 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. 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. Yet it's one of our most popular. Retail banking products buried so. It's it checking and savings companion Oka and if you qualify. You get some great reward so for example you 2.0 5%. EP wise your savings account up 200000 dollars 100000. You get 1% cash back and all of beard he's suspending your debit card that's good. Eight at eight here reimbursements if you use in other things he Tia. And so do qualify I'm traveling in a Matta town there's not a leader bank branch nearby. I can use that ATM card number and be reimbursed the three dollars to order exactly. That instill the benefit of that is that really expands average network yeah he's in need yen. It doesn't have to be leader main core. If you qualify it's pretty simple unions to have your direct deposit and the bank at least 12100 a month for you need to use. You use you count at least ten transactions a month incentive for you statements oh. It's it's something that customers would do anyways. 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 on line leader bank. Dot com. It's called Zuma rewards account CU GMA. 8776917900. Security suffered through securities America ain't member senator SIPC an advisory services offered through securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated we have part of the financial exchange in an instant. By texting us and 63566. Starter to 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. Yesterday we got existing home sales for December which was about as bad of numbers you could get for the month of December. It does look like you maybe see in a little bit of loosening in. In home buying as we head into January mortgage applications for the most recent week. Turning a little bit higher here overall largely on the back of refinance activity mortgage applications to buy a home down 2% for the week but still 13% higher than a year ago. And so. You know it does seem like lower rates have encouraged a lot of refinancing activity. Moving the needle may be a little bit just in terms given a little bit firmer bottom on buying activity as well. Yeah and I think that was a pretty logical reactionary added interest rates pop up to 5% and then they came back down I think when that happens people realize OK this is probably temporary sort of thing they're gonna jump back up to five let me. Locked in a good refinance now for the jump back up. I think we've got this oath to cover a little bit later in the stat that I went jumping now is the December numbers for home sales crept tacky or word you like you'd never see that he is a drop of I think six point 4% month over month and who ten plus percent decline year over year since December of eighteen verse December 17. You don't see that sort of thing unless you have policy changes there historically speaking usually you need to have some sort of tax brought change or. You know changes around mortgage standards to see that sort of dip or jump in homes. Yeah I think you know there's there's two possibilities here. The first is effectively a glitch in the data which occasionally it happens again occasionally you get weird stuff happening with the state they're if they're going to be a time when Maria bad data be during a government shut down did that there was one what does the government report there's one back at the end 2015 where for one month. The existing home sales we are somehow fell by like 8% and in and it bounced right back up the following month so occasionally. You you get some weird stuff like this that happens. But the overall trend for the last twelve months now has been down we went from November of 27 team doing about five point seven million units a year down now to you know under five on an annualized basis. That's significant discipline that's a long term dip of north of 10%. That that's a moved so there there continues to be something happening in housing here the question okay. Is banks obviously especially your new local banks that do a lot of units basic borrowing and lending and so forced. They make a boatload of their money. On mortgages. And so the question in this is brought up largely by an article in the Wall Street Journal titled no pay stub no problem and conventional mortgages make it come back. Banks are starting to get in too. Bad as they work but maybe just getting into some of the bad stuff they were doing previously in terms of documentation. And income. Gap for mortgages for people wanna take item. And oftentimes dive in banks that are doing this it's it's just different mortgage finance or is that get into these nontraditional mortgages. The no untraditional unconventional mortgages in the first record of eighteen worry increased by 24% now let's give this some scope. They still make up less than 3% of the entire mortgage markets are designing its a very small number of unconventional mortgages but unconventional mortars occur when. You know you have some may apply from worries that maybe doesn't have traditional W two income as he can't verify income measly or. Doesn't have a regular work schedule in things like this that make him the an example they used here was a nursing students who is working part time for several different people. Basically had no no WT you know 1090 nines which I have a lot of questions on biggest. If you are if you work for anyone household and make more than 2000 dollars and any one year than they are required by law. To withhold taxes for you but that's a separate issue here. And so you know the mortgage lender rather than just taking their word for it. Requested twelve months a bank statements and letters from those people that she's working for verifying her income. So yeah this is turn creep up a little bit but I don't see what was happening back you know five or six of seven or in the mortgage market anyway. An in and you're not seeing the same types of loans either where near this might be a non conforming loan where yet we're still gonna require 20% down payment. You're not seeing them lending 115%. The value the home and stuff like that so balloon payments coming in five years and that but. Banks don't get into this. If there are good loans to be made that are vital prop like they're doing this and I say banks at any kind of financing institution. Doesn't get into this unless they say. Gee we can't make the money that we want to. With the safe stuff so we have to go to something more aggressively know what inherently just says gee let's start making risky loans just for the sake of doing right you know you you go that route but disease say. Hey there's there's there's a market here and we're not getting paid what we want to on the safe stuff so yeah let's let's go for the more risky stuff. So just something. Near this that I found interest in this does lead us to our poll question of the day up right now on financial exchange of dot com. Are you planning on applying for a new mortgage this year yes or no or the answers Rutherford a home equity line here. Oh good via any kind of new debt related to a home so are you planning on applying for a new mortgage this year yes you know I am not. I am now about two years into a five year adjustable loan system got a few years to go on that before the rate adjusts up some not planning on applying for a new one what's your read on the adjustable three and a quarter. So on I'm gonna pretty good spot right now some keeping things kind of as is Mike any any movement real. I know but only because I opened up a home equity line. In Andy Samberg November December of last year so no need to. Anything you might adding debt now are the more. Established nothing new for ninety Tucker finger still cross this is the year. Now policy. You settled down a the center of the sort out how are you answering all of that request sesno is said now is is your real pessimism related to the fact that you're not serve you'll find a home that you want or just that you being beaten up by the first year first month has passed. Yeah this is an important it's a little bit of all the above that are OK so what you guys are your thoughts at diapers you you do it financially good shape yeah bottom box DG BJ's diaper dash bitterness about it what would that last today. We have got two men because he is not that I again Beers that's led growth which we're gonna need like a week at the space right he's please put on some weight. Yeah a little bit and to Nabil choker you know as good let's talk and a. You want a baby now is like a good fat baby like it's it's it really is there in the beats the alternative right exactly so. Anyways head over to financial exchange showed dot com and vote in our poll question are you planning on applying for a new mortgage this year. Yes or no we'll get back to that. In a little bit as we see some responses. Coming in feel for it also text us let us know what might you take that mortgage up fours and vacation home first property. Maybe downsizing let us know what that mortgages for texas' 635. 66. Quick break here or back after this with Wall Street watching Comcast earnings. Like there's something. Always on Twitter. Show breaking business news is always first right here on the financial exchange radio network. That speaks theory a great family friendly mountain when something for everyone including. Pay one price program on Saturday night's had a pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. Snowboard do you think rentals lessons it's an entertainment that's because one of the largest nights in areas and all of northern New England fans one of New Hampshire most accessible to learn to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak. The latest info go to pats peak dot com that's pats peak got jobs. Pats peak ski area and had a very New Hampshire pats peak seven ranchers premier ski and snowboard mound has 100% of trails open for day and night skiing and riding close to home on Saturday January 26 there is a slope side contests in turbulence park and on Sunday January 27 joined the finance mascot day police information on conditions photos videos and events. Go to pats beat doc column 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 a 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 and 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 would you might really need to do tomorrow. All 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 web site legal exchange showed dot com. That's legal exchange showed 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. Come securities offered to securities America incorporated members and SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong represented a strong 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. If you're real estate property management company you need -- banking partner that has all the right tools to keep your operation efficient leader 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 -- its innovative -- rent payment platform leader bank has a team of business bankers that are on call to help you know come to your place of business to make it as easy as possible number to call your interest it 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. In medieval times sharp says was often the difference between victory and defeat. For skiers and riders that Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. 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 in the same better. Worse the Armstrong advisory group has a new guide of this month called 2019 a look ahead in have you learned about what made 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 pretty securities America incorporated member finreg SIPC 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 my whole street watch a look at the market's performance so far today thanks to Barry and chug right here on the financial exchange radio network. In my in my clear in my good. Time now for Walter wants brought to you by liter bag as long as Tucker says my my can go on. If you're a landlord or property manager. You need to call me to bank and ask about busy deposit program it's a free program that streamline the opening of Tenet security deposit accounts. Do a totally digital experience. Told C deposit teams 7816418691. For more information. That number again is 781641. 8691. Or can visit them online at C deposit dot net member FDI's seat. Talking it was a real wake up calls for a little powerlessness or without you I am nothing your bio world chuck. I don't even know what happened there but I didn't like it one bit. Let's talk a little bit about United Technologies here Wall Street watched their stock up about four point 6% right now how come like. Either reported earnings you know we re in the thick of earnings seasons right now either reported profit of ninety about 95 a share which really blew expectations out of the water most feel a bit now at its assessments are about buck 53. Revenue beat forecasts as well. The November acquisition of Rockwell Collins is adding to bottom line already appears stock like you mentioned is about four and a half percent still a far ways away from their September highs of nearly a 140 dollars a share but. Moving back in the right direction. Sink any financial formerly known as a subsidiary of GE capital. Is up 11% today what's the good news for them they were service servicing greens they used to be the. Mir like credit card partner of Wal-Mart that relationship ended but they'd announced that they were going to continue they extended their agreement with Wal-Mart Sam's Club so they'll continue to managing the credit card portfolio for that and they also settle lawsuit with Wal-Mart over the sale of their loan portfolio. And that I think it's really the settlement of that lawsuit that's helping them out today stock is up about 11% on the news. And that is Wall Street watch presented by leader banks Z deposit program call 7816418691. For more information or visit them on line and Z deposit not net member FDIC. Text out of 50 wait no new mortgage or refinancing 2019. Five years into a fifteen year mortgage at 2.5 percent fixed snaps open to pretty nice rate right there it's about as low as I've seen good lord. The most been like rated the bottom pretty yes. That's that's a great rate there's so no new mortgage for 50 wait and taking a quick look at our poll question up right now on financial exchange showed dot com. That 8% of people saying they're applying for new mortgage this year 92% saying no thanks no new mortgage for me so that's where we stand at the moment. Head over and vote on financial exchange showdown common also text us at 63. 566. Comcast. Reported earnings what they say has the stock doing. So I haven't actually seen now Comcast is. There about 6% aka so they they beat obviously post 64 cents a share verse of the 62 cents expected. The NBC universal department which this actually surprise me a little bit today NBC and universal CNBC on those networks showed a seven point 1%. Year over year increase. Which. Had no away and that really that really did surprise me quite a bit. What wood to the fact they increased to be that it was that by that mock kid. The fact that they increase at all I mean I suppose you know if there's ever been a time for you know CNBC in the NBC networks to it says to shine it's with this you know the political turmoil that we have going on right now so I suppose that's definitely contributing but. Today the amount of cord cutting in the amount of people that just don't seem to be watching live television anymore it does not seem to be impacting this this network right now. So the big thing that I see they had two big releases in the fourth quarter last year for movies okay 2017 and really have any their big releases and when he seventeen for movies at the end of the year pitch perfect three which did sixty million and happy death day which I've never heard of but did about 55 million. Whereas last year if we take a look at what they did. They had two big ones at the end of the year doctor seuss' the grinch which to 266. Million that came out November. And Halloween which did a 159 million so dimensional on that might be fluctuations because of studio release schedules more than anything else. Windy thinking these all these and so you have Comcast you have all these different networks that are. Dealing with a very challenging. Television environment right now the rise in Netflix and the rise all of these big competitors is that I would say throw in the for a bit of a live when do you think that search really. Has it already started impacting their stock price. I think it RD has you know and in the last years I mean we've talked before about in particular Disney with people cutting ESPN's subscriptions and how that's impacted them and they've kind of had to shuffle and figure things out. Now by the would also take a look at some of the flops from NBC universal last year. Mortal engines which was produced for a hundred million dollars made fourteen million dollars dealing. So that's I enjoyed the most advertised room yet think even as a student internationally it only do another sixty million so at least in do you figure. In general whatever they did for the production budget. Double the cost and that's the marketing they probably lost about a 120 million dollars on more engines as a stupid title. Other movies that were somewhat. Off before them. Pacific rim uprising did 59 million dollars on a budget of 150. The original Pacific rim by the way is a phenomenal action movie the second one is. Complete garbage but mostly garbage. And other than that it's actually a pretty decent you know other major flop so just one for NBC universal there on that side. Let's talk about who's making some real progress in terms of getting towards some awards recognition. We got Oscar nominations out yesterday and now is where he tortillas the Oscars may be. It still is something that. You know commands an awful lot of sway as far as. Recognition and so forth Netflix getting the first ever nomination for best picture for streaming company for their film Roma. That was directed I believe by Alfonzo quarrel with correct downward he directing grading city to grow meals to children men. Or natural mormons that heroin is known for big leg long unbroken shots in his movies. I haven't seen Roma personally side I don't know anything about it which. I feel like you didn't really get much buzz for whatever reason when it was out on Netflix I think it's one of those guys polls subtitled movies are. I'll probably get a shot now just to see what it's all about in Disney's black panther also receiving a nomination the first ever comic book movie. To get a nomination for best picture as well then they get some new ground being broken here. Yeah lead actor nominations that Christian Bale and vice pres be Cooper and star is born going to throw passion and what's attorneys gate. I don't know and feels like you'll last forever. Ready now of course in bohemian rhapsody and and VO mortenson and greens are so overall I think this is somewhat. Of a big deal for Netflix that's you it is just massive you know they've they've obviously done Emmy nominations for their series that they've done for. But it it's taken them awhile to break through to this point and one thing that I think is gonna be interesting. I almost wonder if there's going to be a certain point we get to it's not now might be ten years now might be five years from now. But I almost wonder streaming becomes the preferred way to release a movie where what you can pay for like we've seen this with him you can pay for streams and so forth on a one time base of the applicant apple TV you can buyer turned to movie. I almost wonder if that becomes. An alternative to the traditional. Feeder networks and here's why. The reason why you have theater networks to begin with is because companies that made movies historically. They weren't good at getting them out so you need distributors you needed Ian Peters actually showed and it companies didn't want to own their own theaters and so. Today where you can instantly. Get a movie into the hands of every one over the Internet. If you can still charge people 203040. Dollars whatever it is for all failed way to watch a movie in house. And not have to pay if meter putt of that. That starts to get kind of attractive here if here a if if your movie production studio here we are. Urge you talking about this yesterday because I've Tucker hasn't been to movies in a while I've not gone in the theater in quite some time they Christine that was that was filling in for yesterday yet and she's got it teenage kids and she's at her kids are movies and most of weakens that it's like a weight again house that we would be alone away from their parents bill and so that's still. Apparently seems popular for a certain segment of the population. What what first got a surprise me because but I used to do and I didn't think kids these days work I mean you know that. You know teenagers 1516. Somewhere in narrow range they probably have Netflix to. You know yeah so they brought a movie veers and then Netflix so. What first gummy thing about can't remember what movie was maybe when you can fill me in there is a movie that actually was offered to Netflix first and Netflix passed on in that it is completely bombed out in the is I think it was the Sherlock Holmes movie the 21 out wolf Karl on yeah I thought I was gonna make a ton of money riches complete. And crap and so apparently I was reading it was offered to Netflix first and netbook while really in Netflix said no I mean I don't want this isn't too big stars Will Ferrell and John C. Reilly and return it out and so what what kind of got me thinking that is okay. It used to be remembered the yeah of the subtitled that would be on some movies like straight to home video we I don't like you couldn't get into theaters. I wonder if straight to speeders becomes the street the home video eventually flake. If you're offering Netflix and Amazon these movies first to the bad ones in the being the ones that end up in the leaders. And I'm a storm I don't there's going to be attraction to go to theater. Just to get out the house pretty much there might be but like I just look at how things I hope in overtime. It is a give me an example bring if a fascinating book right now it's called. One summer it's about America in 1927. You know one of the biggest attractions was in cities in America in 1927 the fair. And worse than that. Newspapers would literally put up scoreboards of baseball scores and act them out. In lake squares. In in thousands of people would show up just to watch the scores change from like out of town games like that mop so. Like I look at you know where we've gone from there and obviously now we have all the scores and everything we need on our phone. Eventually we're not gonna go into a common place to watch movies can be simply don't have to lean that that record eventually were never speak to human beings ever again. He's not happen and heavy seas had us in Wally. Yeah so just saying let's take a quick break now when we come back we're talking about more drones interfere with airport operations. We can do about that's coming up right after this break. It sends stuff to talk to. Close your portfolio. Keeps the financial exchange with Barry Armstrong and chuck signed off 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 -- 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 up today would you might really need to do tomorrow all 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. 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 by 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. Come securities offered to securities America incorporated members and SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong represented a strong 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 chuck Zahn and I've been doing business with leader bank for many years if you're in the market for mortgage leader bank has some of the best rates around and if you call right now they'll make your process even easier by sending you a free copy of their residential mortgage survival guide in it you'll find critical information for pre approval closing it'll also help you with the required documentation the purchase and sale agreement as well as what to expect when dealing with agents I've owned a few homes and a whole lot about the home buying process. But this guy who really helped me reconnect on issues that are so important to the overall process co leader bank today at 8776917900. And ask for their residential mortgage survival guide if you're looking for a mortgage this will definitely help be the number again is 877. 6917900. 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. 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 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 music faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at Peter bank. Dot com member FDIC equal housing lender MLS number 449250. Subjected 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 Joseph does come and test away. About a month ago I think it was that one thing Gatwick airport that plates which it down for almost an entire day because of drone sightings. Heathrow was Heathrow. Gatwick. And Tucker can you do some confirmation on that which. Were torn past. It is important between Myanmar we get to thrown at him and it done while you're looking that up silently airport. I guess we're just gonna find out right now. Heathrow. Gatwick. And the kid. Debt OK god come a day that's a good start today. So Newark Airport in New Jersey. Had flights temporarily suspended yesterday. Appears to drones receive flying in about 3500 feet over to Peterborough airport which is about. Fifteen miles away. And so two questions number one. I didn't realize that commercially available drones to get up to 3500 via personal assets against its rather impressive there in two. This is gonna continue to become a bigger problem is now. Yeah I mean it seems that way or agency continues to happen. When you buy I guess what you when you buy one of these more expensive drugs that are capable of reaching these sorts of heights. Get to register them right you can't just walk out of the store with them I don't believe why. I know you have to take like a short course with the FAA had to be able to fly them. And even there you're supposed to be restricted in terms I think the maximum height allowed by consumer drones. Is 400 feet for some reason at that number sticks in my head. So pardon wonders Ayers is are these you know commercial and industrial ones that are doing it different operations. That we might not have to deal with I mean if they just come down on one person with this and like charged them to a few years in prison for doing this what's the what's the crime though lake. They edged don't know if there's something on the books to deal with that I mean like in its IA. I don't know. And I don't know anything about the law here but I don't think it's updated for drone specifically no but I mean you're. You can applies in general if you if you trust me you could say trespassing on government property if you say they'd hear ten everywhere. Trespassing onto them and I'm sure there's a really stiff. Penalty if you trespass onto an airport property so you could kind of apply that to the drone flying maybe board. Qualifies is like airport property like you're seventeen miles away. But the drone itself as part property now this is the drones relate now to the Burlingame is so it wasn't that and there is there's near another airport though what has so it's just like what if there's no weather airport there against I don't. I feel like bill law is not really caught up on this so I don't know what the answer is but we've had to these now and a month so I just deny you catch these guys. Right like ice and what you said it's gonna be narrower from what if the guy's a mile away. Are they have become refer Norway that you know so it's just a feeling this is it going to be a real challenge to deal with actually. By the way you guys were ball right on January 8 there was a drone at London's Heathrow airport. Where a month earlier there was a disruption at the debt. Service that was their horse there was drone but mine was their first car stimulus. Yeah. You know folks as we aged monitoring care or something to make sure your plan for how quickly would your assets be depleted Fiat to write checks to the tune of 141000 dollars every month. According to Genworth the average cost a private room in nursing home in New England is just under 135000. Dollars per year. That average costs expected increase over two over 180000. By the year 20/20 eight. If you're a loved one faced an unexpected nursing homes day and you haven't done your planning yet before you write that check pick up the phone and call the experts are Christian and 0866. 8485699. There's Jindal has been helping families just like yours protect their assets for more than thirty years. And they put together brand new guide for this month called plan at Preston haters it'll offer you strategies that can help educate you on the steps. You need to take to protect your assets in your family. Do not put up this call any longer. Get your free guide today by calling 866. 8485699. Again 8668485699. Or download the guide right now from the website legal exchange showed dot com. But only one of our listeners texting in this from 603. I have a drone I voted best buy for 12100 dollars. Have flown it three miles away from me in over 4000 feet up. And report apparently I guess this is the DJI may Vick probe. Which I guess is a high end consumer drone. And so these things are out there and I guess apparently they can you get that high consistently so this one I was reading it it's cut you can find a thing for thirty minutes. Without having to bring it down for a landing zone. Some news from eBay. They've got an activist shareholder problem which our starboard and Elliott management. Calling on eBay to shed stub hub which I didn't know was owned by them to be completely honest and also their classified businesses saying that those businesses will be more valuable split off from the company then. Captain if you're Abiomed and you gotta be pretty hesitant to take this step I mean you you spun off when they sped off PayPal three years ago yeah. So since that spin off eBay stock has risen 18%. And PayPal meanwhile a 134%. So in one degree they're not wrong you know he'd PayPal was better off on its own as its subsidiary. But eBay's certain analysts and no this this is pretty much activist shareholder saying gee we're gonna pull all the good parts off your company. And then do you think that the activists are gonna stick around afterwards to continual in the shares now probably an odd now. Day they bring up some valid points on what is eBay's core business really have anything to do stub hub. Yeah I see that there is really winning smash all that well and perhaps they should be separated. So yet again that there's probably a case to be made that look this might be good for shareholders. But it's it's kind of the question in OK what's left for eBay's core business is even a dinosaur at this point. I mean I think our competitors are about Amazon think about. What's the Nazis at sea was an honest coming to mind I just don't see how he dame is really competing with either of those sources. Young I'm not certainly I don't know either of those really have a foothold in time that online auction markets that might still exists in it. Pay as were talking about here is that really that big of a business. That's all time we have on this hour stocks opened the day up about 300 points on the Dow now going about a hundred. Will be back in a little bit with more from the financial exchange. It's not too late to get a great grade and home mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917900. That's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. That speaks theory a great family friendly mountain when something for everyone including Jane night skiing snowboarding snow tubing aired a special pop. Pay one price program on Saturday night's head of pats peak on Saturday nights for one low priced from 3 PM to ten via Versteeg. Snowboarding do you think rentals lessons at an entertainment that's because one of the largest nights in areas and all of northern new England and it's one of New Hampshire most accessible to learn to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak for the latest info go to pats peak dot com that's pats peak got a job. Pats peak ski area and had occurred there. Hampshire that's peak seven answers premier ski and snowboard mound has 100% of trails open for day and night skiing and riding close to home on Saturday January 26 there is a slope side contests in turbulence park in on Sunday January 27 joined the finance mascot day Foley's information on conditions photos videos at events go to pats beat dot com hi this is Barry Armstrong and I've been doing business. Swift 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. 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. The money matters radio network WB MW Lemmon William W 275 CM FM good Boston the money matters radio network. Hi this is chuck and Mike from the financial exchange is we start off 2019. I think if first make sense Mike to look back debated 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 of and just have the ability to add more volatility into both the bond and stock market it definitely saw that 2008. 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 and between nineteen. Yeah I mean huge huge issue for a second half eighteen 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. 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 two when he nineteen. 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 for free at Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. In medieval times a sharp was often the difference between victory and defeat. For skiers and riders that Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Used to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. 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 and 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 would 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. Hi this is Rachel from Shawnee peak in beautiful Princeton man. Joni peak profits forty said Kurt trails or boasting gorgeous views of the president to mountains. And lakes region of the name comes skiing entreaties we offered stiff and related areas to play and and retrain packs that range from begin tenth street expected to. Did you know that Sony copied dean most nights in New England. Nineteen about sales and that 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. And fantastic ski and ride programs to get used and you crew on the snow and having fun ski all day and into the night. Make plans now it's Johnny. The bases deep in the coverage is fully Johnny peak. Now offering outstanding conditions for all abilities visits shoddy piece dot com for info events enough frisky schedule and blizzard pup. It's pretty hard to find a bank that as a checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great rate it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to sigma businesses that number again is 8776917900. Or visit them online at -- bank dot com. Don't deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings re subject to change without notice leader bank a step ahead member of the icy. And. This is the financial exchange with Barry Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your world it's. They informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with Barry Armstrong and chuck son. We're just about halfway through the week and markets are making a little bit of a rally today after a tough start yesterday. Where's the Dow off about one. Percent the S&P off about one quarter in the NASDAQ off about one and a half on Tuesday to Thursday trading for the week after the MLK holiday. Today. Dow was up about a 124. Points at the moment the S&P. Up about three the NASDAQ. Up about eight so we've we've given back some of the gains from earlier today after some new pretty decent pretty good earnings reports from Procter & Gamble and United Technologies in particular IBM also coming out. Now with the aid. It is relatively good report for the company that's never fantastic for you know which hasn't been great from IBM for good twenty years but you know relatively yet just you know something where it's a comparatively good you know compared to themselves not really to bring other tech companies. So you've got you know a little bit of positive on movement this morning here. And you know that the two big themes I think that were still touching on right now. US China trade negotiations we got a little bit of an update yesterday that he may be meeting that might have been scheduled is no longer schedule but we're not sure that was scheduled so it was really canceled licked his tree falls in the forest and if no one's there to make it sound like it's that kind of thing. Which by the way sent the Dow off 300 points yesterday. And then also we continue to work through the World Economic Forum in double Switzerland. Which. The sickest thing to be honest Imus yes that never happens I'm sick of it I don't really Leon you know I like Matt Damon as an actor really don't care what he thinks about the next president's. Right so in in where that comes from there's an article on CNBC that says Matt Damon reveals which Democrat he would like to see in the White House. Who cares am. Who cares wire you're speaking at a Dallas thing. You know it's like Matt Damon's movies but it does he have any kind of late. For really any kind of special political skill this yet any kind of knowledge of world markets so. I'm not saying that he's the only idea yet as being very Smart guy. I just don't know with. This is kind of his wheel house it's kind of like ally don't talk about shrimping I don't know anything about it and so I don't go. To the world stripping Foreman say this is who I want running my boat like Ed it's just how works I don't do that. Let's talk a little bit about the NFL. Coming back. This year after two years of significantly. Downward trends in their ratings. Bounce back year the NFL overall regular season game. Game viewership up 5% from 2017. And let me tell you here. The championship weekend games for the AFC and NFC championships to the rams defeated the New Orleans Saints saw a gain of four point 3% over that time slot the previous year. The pats chiefs game which I still think is probably one of the best championship weekend games ever was up 27%. Over the previous year huge but honestly point nine million viewers which is the most watched contest ever outside artist you're outside of the soup on last five years. Tucker I wanna I wanna ask you on this term. We've been outspoken about that they are the last couple years that aid to the big game hasn't been very good the product's been bad in the NFL. Do you think they've made any change that made an impact this year in terms of just in terms of getting people back. Ian Tom volt. I I what do you think you know what what's what's the reason I do I mean it's at the primary reason but one of the factors who has their change in the commercial formula. You know what when you saw a kick off last year you'll go to it would be touchdown. Action point commercial. Kick off commercial. So they got rid of that second. Commercial wave after the kick off pretty much in the and then they've taken steps to just have 32 directories here blocks. Writes in the box left won't game play and won yet the ads to match and that's an effective. I am obviously listening audience quite as viewing audience I really think that we're just getting away from the controversy. Played NFL and sixty cents drilling stuff the nailing stuff the concussion stuff has just spent a couple of years and people aren't. Yeah well we're pretty shortsighted and let's be honest I mean. We do we have had some controversy this season you know with the cream on video that came out some key was released from the chiefs. Like that is only lasted really weekend. And even that Tucker again what I'm gonna say is going to sound callous. Sports fans in general I don't care about how good. Whether or not someone's a good person at the Rubin. The stroke like at and I'm not saying is turnaround we should care about it but. How many things do we forgive from. Athletes just because we say we wanna watch them play and I get that's a fault of ours and as if it's true that part we often like a sentence of up ball and it's. Boston are now do you look at boxing you look at baseball basketball like any sport out there. Would generally be willing to forgive to a certain extent things that shouldn't necessarily be forgive noble. Yeah if you if you're listening in you to get stance and not watch in the NFL last year you can Iraq War. Taxi and you've started watching. You tell us if you're still taking that stance today a Texas and it and you are. If you took that says hey I'm not watching the NFL last year. Has your opinion changed and is that because the NFL's done anything or is that just because it's it's it's kind of in the rear view here at this point I'm generating say that it came back. The epic they say that pretty significantly they came back and into rose. And if you never text of the show by the way Texas 63566. In your first time ever just right Barry BA RY. The first word text. By the way one and is something just interesting as an another data point here. College football ratings for the playoffs. We're down this year it's because retired seen Alabama clumsy and end up enough. Championship and I didn't tune in for second so this does take me to my next question on this. Get patriots in the suitable for the fourth time in five years Dell. We can get any fatigue and renounce on that you think you're now the pitchers just so capable outside I think that there's no matter very at a very at a. Perfect villain and on top of that being the perfect villain. Which I'm climate by the way you're seeing the greatest coach in agrees quarterback ball time still going at it it's like how can you not watch list. Tucker you you and I and in Mike to a certain ex general patriots fans my guess is that just because you know Olympic football fan that you and I mean I watch everybody else that not fallen on the statistics he has yeah. Do you think. That it would be how how phenomenal would it be for ratings for the Super Bowl if Belichick just came out to Darth Vader helmet if I happen to would be any different. And I think authority is the equivalent to a -- me help you think everybody has that kind of deal at this point apps especially did you see during the chiefs' game where dad. Winter hat. Headphones over the hat in an equity over the head phones like down its classic look if you looked borderline evil to write honestly say this is someone who pulls off the patriots. But he pulled it off here lot of Johnson & Johnson reporting earnings and also talk about their sales growth for the upcoming year Mike what do we learn from them as far as where they think their big. This is well they they're clearly having some issues here says the earnings report itself wasn't all that bad but when they're looking forward there. They're looking at some declining drug prices. Especially in their generic area and then obviously. When it comes their consumer brands they seem to have some very serious reputation issues at this point most notably the top now tell fatter the lawsuits are and around that and a unit just quite frankly I mean I don't know about your experience soccer but as someone in that has several children. J&J used to be the only brand for kids these days and there's just a lot like every other industry these days there's a whole lot of small mom and pop brands that are popping up. To compete with Johnson & Johnson. And they're drawing they're drawing a lot more to the consumer. Portion of Johnson & Johnson by the way makes about 17% of their revenue of sorts certainly know that their medical devices there. They're drugs are certainly a bigger piece of it but that's the forward facing one and that's the one that people see in the store. On that type of. We've we've talked about competition and other Arizona this is a really interesting thing to talk about here I wanna bring up the comparison to Procter & Gamble. Yeah the apart during game was a company that you you talk about the brands that they have. Associated with that company they are the big legacy brands when it's all said and done. You -- you go down the list. And in their huge oak crest toothpaste dawn dish washing from Brees. Gillette razors head and shoulders shampoo Pampers like you talk about it is your big brands for the last decade we've heard. Hey they're being threatened you know that there and do not necessarily going to be able to do what they used to. Into a certain extent that that's true their stock today's trading in 94 bucks a share that the same place it was five years ago. It potentially is fair to it to JJ and say look even if this company doesn't show the growth that they used to because of increased competition. When you take a look at J&J stock overall it's still company is paying about 3% dividend. It's not like what they're. What they're selling is something that's no longer necessary that it's going the way in so I look at and say look. There might not be the same type of upside people previously envisioned for JNJ. But I think you can say hey there's there's you know still so much reputation Ole. You know awareness. That they're still going to have I think a pretty solid floor as far as where the stock go. I agree did you think they could have more success breaking out the consumer brands away from their drugs and medical devices. I mean you've got you know band yes he'd you've got Benadryl you've got you know face wash all this different stuff away it's just a bit of that. It's a mixed bag when you look at Johnson Johnson's earnings are noted is it's pretty it's pretty complex and convoluted a degree. Let's take a break when we come back we're going to be talking about home sales for the month of December widely fall by six point 4%. We'll dig into that a whole lot more right after this break. Short little tour and. Business and finance future financial exchange with Barry Armstrong and chunks of 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 and 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 would you might really need to do tomorrow. All right now get this free guide at 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. 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. Come security suffer through securities America incorporated members and SIPC and advisory services offered to securities America advisors incorporated Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of the professionals familiar with the laws in your state. Hi this is chuck Zahn and I've been doing business with leader bank for many years if you're in the market for mortgage leader bank has some of the best rates around and if you call right now they'll make your process even easier by sending you a free copy of their residential mortgage survival guide in it you'll find critical information from pre approval closing it'll also help you with the required documentation the purchase and sale agreement as well as what to expect when dealing with agents I've owned a few homes and a whole lot about the home buying process but this guy and really helped me reconnect on issues that are so important to the overall process co leader bank today at 8776917900. And ask for their residential mortgage survival guide if you're looking for mortgage this will definitely help be the number again is 877. 6917900. Or visit them online at leader bank dot com member FDIC's equal housing lender MLS number four corner and to try to zero subject credit approval leader bank. 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 homework meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making 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. -- get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide. 87769178900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Or subjected credit approval leader bank a step ahead. The financial exchange. His coal or murdering an and also now in West Palm Beach, Florida. Check out our website at financial exchange showed Doug come and find the station closest to you. This is the financial exchange radio network. I forgot that we are doing trivia this segment also so let's get right to it trick. You today is brought to you by the arms strong advisory group. With markets still volatile now's a great time to review your portfolio. Call 803934001. Incident you're free. No obligation consultation today that's 80393. 4001. The way this works if you haven't done it before you text is the right answer it 63566. If it's your first time doing this text the word Berry first and then. The answer that get you into our little trivia club. And the winner is gonna get a fifty dollar gas card in this case we'll take ate the right answer. For this questions of Texas at 6356. XP know the answer. Overdue tribute today based on Wayne Gretzky since he turns fifty years old this week. Wayne Gretzky set a record for the most career NHL goals how many goals any score. In his career again how many goals by Wayne Gretzky score in his NHL career text is at 63566. The eighth person with the right answer is gonna get that fifty dollar gas card. So Mike home sales or the month of December new or existing home sales which make about 90% of all homes sold in the United States. Fell by six point 4% are now more than 10% off from a year ago what the heck is going on here. Honestly this has a lot of people scratching their heads and I'm I'm one of them eight. Yea you show me a decrease of 23 even 4% tonight. You know don't blink an eye that's that's just to be honest as statistical anomaly. 6 point 4% drop in home sales is really significance now you know let's talk about what was happening in December. We had a government shut down could that have impacted home sales in one way or another I suppose so you know people aren't able to get there. Incomes checked by the banks that can't do verification that could mess things up a little bit. Stock market volatility could that potentially lead to declines in home sales. Yeah maybe I I guess but it not to the degree that we saw 10% drop year over year is huge it's huge. So the one nice thing that went on the one nice thing one of the really nice things that the National Association of Realtors does with this data. Is they show you where the changes are actually happening what Writely a price range and in down markets and so forth and and and all those different pieces. Here's the part that stood out to me is being particularly interest. The sales data in particular in this is a small piece of the overall market. Homes that are 750000. Dollars and above only make up 6% of the overall market. They were some of the hardest hit though 750 to a million price range down six point 3% the million plus down thirteen point three yet. Million plus being down thirteen point three doesn't suggest that people are having trouble getting a mortgage. Million plus down thirteen point three suggests hey it's the stock market. People are using yeah when you're buying a home at that price yep you're using other assets to buy that helps him in when those assets go down in price. You can't buy it anymore. OK so I think that's what you're seeing there on the other end of the spectrum okay. Homes pressed a 100000 to fifty which. You can't really get near major metropolitan cities these days but if you go out about an hour from a lot of on them did you find stuff in that range stale. Those homes down eleven point 9% is well now that's probably not because of the stock market now has a lot of people were buying a home for 150000. That does not owning stocks and using them to finance a down payment or something like that. Is this something else that's going on there I don't quite know what it is my spiel lack of confidence or something homes in the middle. Actually the most stable homes Christie at 250 to 500 down six point force a kind of in line with the rest of the data him but. You've got this new Barbell effect where the upper and lower and got absolutely hammered in December the upper end I think is because a US assets selling off elsewhere. The lower end I can't quite figure out what. It is an accurate and that. Keep in mind here's the thing homes pressed a hundred to 250000. Dollars make up 40% of all sales believe. And the people bay if you assume that that's you know the kind of middle to lower income group those the ones that are finally starting to see wage increases last year as the ones that it felt really coffee and other job opportunities that you would think are starting to move into that real estate market so. I I just and lacking a bit of an explanation on this one. It's it's somewhat strange year but overall sales down six point 4% for the month. And awful little bit more than 10% year over year. The warriors aren't stealing January comes yeah rate right now is we've seen one month fluctuations for will C wood January looks like but this is not encouraging either way. Los Angeles tickets to the bit Bubba Bubba. Los Angeles teachers approving a new contract after six days of striking they're gonna be back to work. Today it's probably right about now Los Angeles time a toll for about this. Right vote if that's the second largest teaching second largest school district in the country. With 30000 members although enforce they've sounds like they got a lot of what they want a big and they. Whenever you have your entire union pretty much vote for a nearly unanimously. That's that's using an indication that maybe the school district gave up a little bit more than they should have. Wages went up smaller class sizes in everything that I saw in the house was was covered here. The only remaining question is how hex alleys and pay for I can tell you. Taxes borrowing. Well yeah. It is and you've got declining poppies this does LA have a declining population I think California in general has seen at least significantly lower growth I don't know if that's been declined. And I don't know with LA's population has it been a highly doubt it's declining. So we go back I don't I'm just looking at census data it was still grown from 2000 to 2010 now by a lot yeah grew from three point in this is just mutes the city of Los Angeles which is what the school district is actually. Went from three point seven to about three point eight million Los Angeles county went from nine point five to nine point eight million. In the state California went from 33 point eight to 37 point two. So they are growing still you know slowly just is everywhere in the US grown slowly or not. And so. You know that they're gonna have to raise taxes or borrow additional funds here. And I don't think it's anything new to California. You know near taxpayers do it it's kind of the status quotes are okay taxes are going up again. It's kind of how it is our award if you're seeing copycat movements after the strike now you've seen that there's there's another one that's going on right now where's the other way care is it's I don't know I don't know if it's the mid western Arizona but there's another teacher strike that is going on right now there's a West Virginia won last year I remember Denver is distracting. Yes is a Denver when that's going on now you're seeing this across the board. And in in really. This is when you tend to see labor disputes it's not when things are bad it's when things are going well yeah I mean everyone else generates yep that's each area not surprised at their strike right now. Another let's actually take a quick look at markets before we go to that next story here. As we head towards the bottom of the hour. We get to indices and negative territory now the NASDAQ off nineteen points the S&P off five the Dow. Up just 29 points after all indices opened about 1% up. For the days so while there's gains being given back. And you know some this is probably due to be a continued concerns about global growth whatever was talking about. So this is also probably hate. There's investors that made a boatload of money in the last four weeks when markets were good and might just be saying hey if the party might be ending. It's time to get a little bit more conservative here but you know it's not encouraging for the long run deceit. This kind of weakness after the open now so we'll see where we go over the rest and they let's take a break right now when we come back from talking about whether or not a recession. Is likely. By the end of the year right after this break. 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 a 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 and 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. All 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 a sharp was often the difference between victory and defeat. For skiers and riders at Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. Hi this is chuck Zahn and I've been doing business with leader bank for many years if you're in the market for mortgage leader bank has some of the best rates around and if you call right now they'll make your process even easier by sending you a free copy of their residential mortgage survival guide in it you'll find critical information for pre approval closing it'll also help you with the required documentation the purchase and sale agreement as well as what to expect when dealing with agents I've owned a few homes and a whole lot about the home buying process but this guy really helped me reconnect on issues that are so important to the overall process co leader bank today at 8776917900. And ask for their residential mortgage survival guide if you're looking for mortgage this will definitely help be the number again is 877. 6917900. Or visit them online at leader bank dot com member FDIC equal housing lender MLS number four corner on two fronts here are subject to credit approval leader bank. A step ahead at 6 AM you don't meet your horse. Doesn't matter my body knows the drill anyway because we do this every chance we get. Like a kid at Christmas he's going to be the window skis at the door hot cup of coffee in hand if you dream just in time for first tracks of. Clinton January's jump over three feet of snow in the door is wide open with over 360 acres three mountain peaks trees gained six strange part in New Hampshire is only superpower it save on the tickets as -- MTN dot com slash tickets. Our our shark here and I'm joined by estate planning attorney Todd let's cue from the law firm of Cushing and dole and with your 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 or 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 are Baylor or like Satan and it never got merit planning as if even 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 go in the nursing home. People are gonna say well I got to write the check. 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 wouldn't count. They might lenient 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 medicated knew it doesn't work out you can do something total 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 Cushing and 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 told free. At 8668485699. It might not be able to keep up with all the latest business and finance news but we can fix the financial exchange with Barry Armstrong and chunks not a on the financial exchange radio network. Well we did trivialize segment here's the question was Wayne Gretzky known as the great one turns 58 years old this week it's how many goals did you score his career. The answer is 894. Goals and 14187. Teams who have the right answer my. Bob from Ashland Massachusetts is taking on the fifty dollar gas card and trivia today has brought you by the Armstrong advisory group. But the markets still vaults now's a great time for review of your portfolio call 803934001. And set your free no obligation constitution today again that's 80393. 4001. By the way when when we talk about. Well what's so funny none up it. During the Wayne Gretzky trivia you miss 100% of the shots you don't take. Wayne Gretzky or Michael Scott McClintock yet by the way Gretzky with 894 goals is over 10% above the second place person there who was Gordy how Africa not at all and to put that in perspective how also played in 20% more games than Gretzky so there. There's that. Let's struggled a bit about where this economy's going it's been. It's all over the news right now because every one who is involved in the investment world is it doll most right now and they're all talking. Lot of senior recession is CN doubts aren't exactly sure they'll do. If it's just don't know like it's just so appointee accordion it's awful like a key and so sickened albums at this point I've never felt this way before this here just don't like it. And so I think it's worth giving kind of a reasonable discussion about you know where this economy goes from here in the US because. It is a case to be made that the growth in the first and second quarters last year was strong enough that even if growth slows you don't necessarily go into recession the and I think people need to keep that. Mine it we we've been talking a lot about slowing growth and Jim may be the world's only expands at three and a half percent in says three point 9% as initially predicted. We're not taught that that's not a recession. Recession is negative growth dreary we are not to Newport and right by the way yeah day you can't just be a little dot on the radar here so. Recession still seems relatively unlikely and when he nineteen. But in other thing that people don't often keep in mind is that the stock market and the economy are two completely different things. As they are an end and this is why I think it's also important to note that look we've seen periods a look at 2009 and 2010 as an example. The stock market rallied from about 6700. On that when I say the stock market the Dow Jones route for about 6700. In march of 2009. Up back north of 101000 buddy and 2010. Did things suddenly magically become twice as good for people in the economy. No they didn't but expectations how people priced stocks did change dramatically because the worst case scenarios were taken off the tape. In fact the real estate market for instance that her time got significantly worse still was awful until about two what was really well haven't I am wellness when it bottomed out serie A there are different aspects the economy in the stock market is oftentimes. I'm very much a leading indicator. It it it can be and I think the the important thing to note in and here's why whether or not economy goes into recession is important for the stock market. The Whitney value stocks now okay is at least traditionally okay not every company's value the same way. But it's either based on a how much stuff for you gonna sell. And then furthermore how much property making on the stuff that you sell right okay. So if you think the economy's going into recession hey there's a chance the companies might not sell as much stuff. And if they are selling at they might be less profitable and doing so because they have to take discount today a higher expenses and that's why you know any recession. Is potentially a concern for the market. Not going into a separate recession. Also be bad in the short term for mark but not as damaging just because you're not talking about an overall shrinking of the economy. Just not as rapid growth and so again you factored taken over the company's AJ. The economy isn't growing as rapidly. Yep these companies might still sell more but not as much mores they thought they were going to and that's where that's kind of where the rubber meets the road here folks the calendars turned. And a New Year's here after the wave. The market and 28 team. We might not want to look back but in addition to reviewing what was also time to look ahead. I'd like to ask you to reflect on your financial well being and your investment strategy as we head into 2019. The markets are still volatile. In many believe the economy is slowing and that we are on the brink of recession. Trade with China continues to be an issue so what does 2019 hold for us we've put together a brand new guy that would help you look back on the roller coaster year that just ended. While also providing you. With some guidance to keep your portfolio strong and grow it's called the 2018 year in review in 2019 forecast. Anything get your free copy by calling 803934001. That's 80393. 4001. Or download it right now that are strong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. So we are shut down report of the day a headline from MarketWatch says government shut down likely in the next two weeks analyst says to which I say how do you know I'll watch how do you know exactly talkers. How do you have any idea win be shut down is going to and. You don't and some is trying to make a name for themselves by you know put a stake in the ground and now train that's their right on this. I'm starting to wonder if the only way this gets resolved in the short term is if trump declares a national emergency on this. He EA's continued to hand that he's getting closer to doing it haven't. There is an offer on the table and games clearly pretty unanimously rejected by the Democrats. A but the voting in this week. Credit is now what does he does this send us an most of it on waste your time different bills tomorrow. Everything Everett is that neither one has chance of actually passing them. And so. You look at this and it is a game of chicken it is a staring contest where it it's just take who was going to blink first. And you can't predict that because. How many people thought this would be over Bynum yet just let everyone know. No one going into this when this started back in December I'll bet it's the longest one industry right now did anyone say gee there's a real longest wanted to be almost February by the time it's open and said that it was well we're going into a shut down and eventually will be resolved and and here we are today what 3433. Days later 33. Mid mid thirties and we're still not there so. I I think you know obviously a national emergency declaration could you know be something that ends of resolving one way or another. I think. That the two things that would. Push me to think a resolution is it would have to be imminent number one if you get aid to a large number of TSA agents walking off the job. And almost an air travel slows to be you know crawl that's a problem the bigger one. Iris workers are supposed to be back now in terms of being able start processing refunds beginning about. This time next week next Monday is when they're supposed to start processing those. If those workers. Are not showing up because they've taken other jobs just to get paid just to kind of continue the of paying the bills for their own family and so forth. That's a problem because when the iris can't make refund checks payable to people. That is a big big problem I would think as an IRS worker or TSA agent your pretty employable elsewhere. You don't have credit issues in all likelihood you don't have in you don't have. Other issues background issues that would prevent you from getting a different job in this plenty of jobs out there you go to paychecks without that get you know you go full month at this point we are getting a paycheck right this Friday OB two separate paychecks the haven't received it. Pretty tough to convince keep that job and last year if it if you're in your fifties if you're working towards like a pension and you got yeah metres left or some is that that and you really aren't going anywhere I'm prepared her house. But otherwise like how many of us would stay in a job where we haven't been paid in the months right. I meant no I wouldn't. It's it it's just it's no no thank you only about on a day and a half after that first missed paycheck. Yeah I it's like a thumbs all on area. Time ago so I don't know when this ends I I do get the sense we're getting to the coast to the breaking point for a lot of these federal workers who have not been paid. And I think that when they start taking other jobs in not showing up in larger numbers that is going to be where you start seeing this have an impact because to this point. There's a lot of families. Who haven't felt any of this pain like I have not felt any direct impact from the government shut down here. Mike you have a talker review they'll. We haven't to this point. As this starts as you start to get more and more federal workers taking other jobs and calling out it starts to affect larger groups of people. And that's where the needle move I don't know what direction it moves. I don't know if it moves so that you get you know a Republican bill that wins a demo. I don't know. But I know that we're getting to the point where you're gonna see movement in one direction or another I don't know where will be but it it feels like we're getting closer to an inflection point. Unless convinced a heck of Iran I just. It looks like to me so far the the White House has done a very good job keeping the impact away from normal America everyday Americans. And really keep it focused on just those government workers at its directly impacting and they might be able to keep doing effort extend Peter's done by the way check your prediction still open technically. You predicted the 25. That the government shutdown would and that was my initial prediction correct yup Susie had dumb I was even make one small dairy set. Two weeks ago. Perry's. Yeah like. Back of the first three to January pretty much from camp OK so wolves will go from there let's take a break right now when we come back we're talking about. Problems with my beloved Subaru in their their production what's going on with them wolf billion without and also another acquisition in the video streaming space will what you know who buy and what right after this break. He showed in the financial exchange on FaceBook dot com slash the financial exchange this is the financial exchange radio network. 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 security suffered securities America incorporated member femur SIPC and advisory services a printer securities America advisors incorporated Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the voice of a professional familiar with the laws in your state. Your dream home is within reach with a Jumbo mortgage a loan from leader bank the Jumbo loan program designed for financing in excess of 500000 dollars offers fixed or variable rates for both purchases and refinance its all originations are managed by a 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 449250. Subject current approval leader bank a step ahead. If you're real estate property management company you need to banking part of that -- all the right tools to keep your operation efficient leader bank is one of -- premier banks in the property management and real estate space offering a suite of unique products and cash management services helping collect rent managed Condo association payments and 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 -- 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 choose leader bank is they're banking partner call 8776917900. Or email BBO leader bank dot com for more information member FDIC equal housing lender. Dirty suffered histories and are incorporated in SIPC and advisory services offered procedures America by incorporated Barry Armstrong represented a strong advisory group secure America company or an affiliated representatives does America do not offer legal or tax advice always he did voice of a professionally with a loss in your state. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent -- with zero and leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more when Z 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 throw landlords visit WWW dug see rent dot -- to learn more or call 7816418691. Security suffered through securities America income members finreg SIPC and advisory services arbiters securities America advisors think Gary Armstrong representative 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. Sauber driver Subaru vehicles for. Fourteen years now. I was fourteen years now. Great never never heard. Went away from server and came back just Olazabal about the same car twice aren't. And so pretty much to sporting news here. In that super had to shut down. Two factories that account for two thirds of its global out yeah. After finding a problem with their power steering. Units that were produced by those factory. So heavy Forster president cross track models at least that were found to have issues that day. I have questions about Subaru idea I looked at Subaru and I was concerned my next purchase what I liked about them was their one of the US UV company agreed to buy standard. Yeah knew very few. Is a Jeep and you group allied by standard and suvs days I still drive stick of one of the 2% of people who buys a car with stick these days I don't. Think that I would bias who drew anymore I I am. Concerned that the quality has gone down and I have real concerns about. A middle of the road cost. Car manufacturer that is this small. I can they keep pace with technology changes. They don't even make the top twenty list of car manufacturers worldwide these days today they received did not even that close. I really enjoyed driving super android. A lot of features they have but I wonder can they keep up with the you know the driver assisting technology to Smart technology that's going into a lot of these vehicles and I would think that they don't have the skill to do they have. To this point I mean they are very technology in their car called in most of their cars I think it might be all the match actually now. Called I say I don't know if you divide done any reading on it but it's got all kinds different suits got nearly adaptive cruise control is that the lane departure stuff. All the pre collision breaking and all that stuff like that. Don and that is on every single vehicle they meek I believe aside from actually is it's even on the WRX so it's on every car they may. And it just seems receivers like appearance. Overall issues been the same that the and just hasn't improved in. Adapted like other pars tablet the reports that car counts are pulling out. I mean I trust me I'm I'm looking. I'm considering for my next vehicle which I'm hoping is probably not for three to five years. And I'm seriously looking at Honda's as as on his guitar. You know I I I love how the new Honda Civic looks in particular. And I like driving smaller cars second parked him where the people can't notes you know kind of nice. But it's. I think in general you know I've had two servers Ivan and it anecdotally had any problems with either of them in fact my clutch on my second one again I drive stick. My clutches lasted 95000 miles to this point and maybe that just means and the best via manual transmission and hover in the country what is possible. I want it typically sixty to 70000 miles on you know it's kind of normal so. It's I don't know this is certainly not a great sign for them. They the did figure this out before they started I guess shipping yeah yeah me everywhere problem you know so they're they're going to have these factories re opened. By next Monday it sounds likes of the shuttered them for about twelve days in order. To make the necessary changes so they at least they're being proactive here. But that they've definitely had some quality issues I think in some places in the last couple years but I've been experiencing in my view it. Geoghan acquisition target. Just also raised underneath and it's operate underneath a set another brand continue to do what you're doing but. Have they accessed the scale of a Toyota or Honda or one of these other companies that can just take the brand and streamline some of the manufacturing. Needs is what's Hyundai is something my bottom undies taken off now. It's okay it's good to great qualities issue. In India to such a small niche manufacturer that I wonder if edges what are your moves the needle necessarily for anyone else though. We'll see where things go from them. In a story that I had no idea what the heck was going on. Viacom acquires video streaming service Pluto TV. TV apparently has twelve million subscribers. Poole who the heck are these people and what the heck is Pluto TV. Never heard of it's an unpaid subscriptions so it it's. You know that that's why I've got to mr. Garza's Fareed. What you get it's all digital advertising money. Assumption is a lot of just older cheaper shows that they can pick up you know on the short and just toss ads on there and have a have a decent. Platform and okay yeah I don't know anything about Pluto TV but. I late this strategy a heck of a lot more than I like the strategy. In these different networks and random companies just rolling out their own proprietary streaming service. It takes something that has a proven track record and a proven subscriber base. And add your content to it rather than trying to build your own whole new thing. It looks like they actually have somebody legitimately on here collective yeah so they don't they CNBC and fox sports yeah but I'm looking at like pop TV series you'll on this page on their top TV series is unsolved mysteries. There's second on top. TV series is dog the bounty honors. An entity like some of the other stuff they have some they have a whole channel for mystery science theater 3000. Once you know that mystery science theater 3000 I'll what that is I've heard and it's where they have that the science fiction movies with like the little heads that you've commented. Ares. See this are you guys hearing this got a great Wal-Mart position based on this two shows that you just mentioned I think there'd be. Perfect synergies with wal mart's audience what about the channel 325 on whose new TV is mine craft TV you can watch other people played mine graft is that surrounds the rules on torture again like so Wal-Mart was thing about creating their streaming platform Viacom went out there and they said you know what that is a stupid idea got a couple of network you've gotten Nickelodeon MTV. Let's see what's out there and is working already we've got the cash to make the acquisition will buy some small. Some you know some technology company that's already figured out the tech behind it and we'll just load our content on their work off that that's a Smart idea like this. I'm watching right now I didn't know this existed it's NASA TV. I love space. I can't watch this channel. Like I I can't watch this channel I take secret manner NASA to. As NASA TV space is always more interest in the government now you know authorities are based and space is to shut down. And you can't shut down something nice that's what we've got a motto now. Hours off 38 points S&P. 51 NASDAQ almost 1% down actually. That is quicker turnaround from this morning we are in positive territory. Still time we have today will be back get it tomorrow on the financial exchange.