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Full Show 2-6-19

Feb 6, 2019|

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This is the financial exchange with the very Armstrong and sharks are down. You're exclusive look at business and financial news affecting your day you're simply your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. As you watch the state of the union last night he may have been focused on. Building the wall international security your deficits. Problem for guys like chuck and myself. Is that we look at that stated union we listened to a very closely. We try to figure out how to make money on hi everybody it's very chart with you here it's a Wednesday morning and. I just can't help myself idea from what perspective. You know this it seems like everything I IE everything. That I watch now I try to figure out how can that goes wanton soup bubble how can how can we make money. On what we learned during the super open a casino open X ticker paths. That's right you guys don't but the rams. They covered they covered. But I didn't want to talk about this state of the union speech last night and would sectors may get damaged. You know the one that jumped across the screen at me was the health care sector. You know Ali the president rightfully so saying that you know health care concerts. Just out of control. On eight and he's not wrong on that we've talked about how in the last forty years the percentage of blood GDP the health care spending makes up is gone for about 10% up to about 20% so it's more than doubled over the last few decades. And so the question becomes look. If we continue to increase at that rate eventually you know thirty to 35% of what people make they're gonna have to go and spend on health care. In order to you know to get the kind of care they need and that's just not sustainable or already there cases ports that hiked community if you lose your job. In your sixty years old and married yet. He's here look and spend and 2030 grand a year ago that your easy and you just lost your job easy with without breaking a sweat so. I do think that you know health care is going to be an area. They get to work debts here asleep but. Haven't looked at seriously for the last thirty years we have really made any progress what's gotten progressively worse and getting it see if it's not a case where. We've been able to really stem the tide in any meaningful way and so. From from my perspective I look at it and I think in less willing to talk about things that to this point of kind of an off the table as far as discussion goes. I don't know if you're gonna be getting any meaningful change health care and when I say things that you know we we haven't will be won't talk about to this point. I'm talking things such as regulating pricing. I'm talking things such as approving drugs not just based on whether or not they work with the president out they were better rate than previous drugs are priced at pearl. Didn't the president allude to pricing regulation when he talked about. You know the idea being. You know why are we paying more for our drugs then Canada or friends now I did look into it and he's right we are paying more. Roy paid about 2% more. And in so I think that the big thing is unless we look at you know specifically regulating drug pricing. I don't think we're changing the equation there the other thing that you need to look at okay one of the biggest expenses is doctors' salaries doctors nurses as you know nurse practitioner NEA's and so part of it is okay do we wanna have a realistic conversation about those salaries and what they should be another piece that doesn't get on the market set that though they heat in and melt and it doesn't here's why. The market doesn't set up because the number of doctors artificially restricted to begin. And cap. Okay and if you if you wanna know how what's restricted if you look at how residency programs are funded okay the funded through government grants through Buffett effectively. What the next name of the associate whenever the main doctors' surveillance in his game. So you Wear your saying his hat Purdue produce more doctors even if they're lower quality and is that that would that be the end result. If he said okay we're gonna produce 101000 more doctors per year. You'd get 101000 dumber kids go amendments do you think that only the best doctors and upcoming doctors they give only the best candidates for dot being Nadia I kind of do it been like just. Supply and demand right but how do you know your pick the best ones had you know the ones that fell just outside now aren't getting picked to begin with notes medical schools are really selective to begin well that's and so inning generally their criteria is until an in so. But do we have any proof that smarter doctors necessarily make. Better document when it comes to patient care so. I look at this and I say hey we need to have real conversations about this because it's not just okay anyone who wants to can be a doctor we have strict limits on how many people. Can get trained to be a doctor and any given year. I and we are strictly we have limits on how many nurses can get trained. Because the this schools don't fund the nursing and I don't understand why they don't on this nursing programs. Because see they they pay but if you're nursing. School instructor right is let's say you're an RN and he gets sick of being in war and for the news had to go teach. You're gonna take a take it you're gonna go from about a 1151000. Down to seven degree and in order to teach. Well and in and I think when when we look at other ways to try to reduce health care cost take. Additional price transparency don't shops for health care price right now there's two reasons for that one everyone thinks they're own wife is really important which it is so I get that. But two there's no incentive to price shop at this point. You know what what what incentive is there a price shop if you pay you the same co pay no matter what your insurance picks up the rest. You don't really care how much procedure costs. And so I think that there's things that we can start to look at but they ever really been part of the conversation to this point. Well he is so my take away from the president's state of the union was. If on the drug company a little nervous and I don't know how that sectors performing today but I suspect the pharmaceutical sectors down a little bit today based on his comments but I would think. There might be some rallying going on with defense stocks and companies that might be involved and infrastructure you think there's any potential to get an infrastructure deal done this year. No you know I don't and it's it's not because we don't need infrastructure we desperately need. It's just because I don't think I I don't think you're going to be able to get. Bipartisan agreement on an something of that scamming the that we we we let 35 Democrat out even having a basic budget we only got one approved for three weeks and the Democrats don't want to give them anything. I don't think so sir doesn't seem like it and so when you take a look today things like gun materials new materials is the fourth worst performing sector. Of the day today. DO CU what did you say OK you know it's just it's just not really suggesting that there's any. Any real traction behind this right now because has the president talked about infrastructure since day one yeah out yes been it's been two years now. But I thought that would like when you think logically. That's something Democrats have always been paper. Roads highways bridges the last fifty years I guess the question is how do you get a bill through the house they can also get through the senate them. If you get differently in different control there and obviously we have gridlock Wheatley got gridlock for another two years I think so. I think you do I think what happens after 20/20 in the elections there and I think you've got some really really interesting possibilities about where things and it don't. Aussie the democratic presidential hopefuls are suggesting they want to amplify your income inequality message. I mean occurring right out this thing Cory Booker. Wants to provide every newborn with a thousand dollars interest bearing savings account pay. East or that idea from me. That was your idea why RD ID that. What do you mean every newborn in in the oh in the office at a argument you're doing that for every new one has any airborne. He wants to give every newborn a thousand bucks says Tucker knee you'd you'd be in. Now you'd you'd you would win on his is back dated for talker well now. The ID the the the other the thing that they wanted dues they wanna triple the earned income tax credit and make the child tax credit more dinners. You see. Be that I like about the earned income tax credit you don't give it unless you actually go. And earn money right and and and I think you know for all the stuff that's been talked about all that there at the proposal that we've heard a lot about the last couple weeks are. You know that a we wine institute a 70% top tax rate we wanna do a wealth tax in the I don't think those are addressing the key problem you know those trying to redistribute wealth after the fact the biggest thing that I think we need to be trying to do. Is say how they had we encourage people a to work to begin with and beat make sure they're being fairly compensated for the work to begin with. And that they and that type thing I light because the if you have if you just give people money. Then. You you're really discouraged him from seeking higher paying jobs or seeking jobs at all well it and I just look at it from the perspective of when whenever we look at there ever ever once start with the basic problem of hey I need money in order to make ends meet any money in order get you know food rent and in this in that. If all we do is simply say okay. Your are going to be entitled to X number of dollars and you're taking the problem of you're needing to make ends meet in your passing that off to someone else and say hey I'm not going to do this I'm not going to do the work that's required in order to make ends meet. Instead I'm gonna pass it off to someone else. What I like about this that's better isn't saying. Look we're not going to make this so that you know you're relying on someone else's work to earn a living and we're simply going to change the conditions so that if you do work to make you're going to end up with more money in your pocket and that's what I like it makes sense to me your take ownership of your own situation there. In your own problems to work harder. At the end of 2017. 27%. Of prospective homebuyers. Bought their house hunt would get easier in the months ahead. But by the end of last year that number had dropped to 19%. Over the same period of time to share of people saying. That they plan to buy a home in the next twelve months. Fell from 24%. And 13% this is a precipitous decline outcome. I think part of it is just because of feared to be completely honest we're at the end of last year was how markets were performing I think a lot of people got nervous to be completely honest and and rates are higher frame rates were higher markets were unstable people felt a little bit less secure I think in in where they're standing wasn't so I think that's part of it but the other big thing that you're continuing to see in in the markets that people want to buy in and their continues to be a lot of the a lack of inventory yet inventory and in plots of parts of the country go down in Miami and by any place you want down there is they got a huge glut and in terms of available properties. You can't do that in San Francisco you can't do would in New York you can't do wood in Boston can't do it in DC where you have properties available that the three million dollars. What's it in it's it's because there isn't enough additional supply in those areas C keep hearing. And we've we've reported this Dick inventory levels are starting to come back to a decent level. But if they're not affordable by the people that want to buy how's it does indeed any gap and so I do think you're starting to see. And in the data reflects the fact that you know there's some discouragement that's crept into the market. At this point a particular I think for first time homebuyers and it's you you continue to see even though that the pace is slowed. Prices have continued increase in a lot of you know major areas and so because of that you Yates it's just a little bit discouraging I think. X it begs the question. Is it harder for young couple to buy a house today than it was thirty years ago thirty years ago when I was young. I remember how hard it was to buy a house. I acting was difficult thirty years ago right I don't think it's any harder today but maybe I am disjointed maybe I don't really understand what's going on. That's our poll question today is it harder today for young couple to buy a house than it was thirty years ago you can text us with your. Response to that question at 63566. Or you can participate in our poll by visiting. Financial exchange showed dot com rated talk about it when we return. Tony 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 network. 803934001. That's 803934001. And get your free guide today and I'm sure you'll be glad you did that number again is 803934001. Or download it right now and Armstrong advisory dot com. He suffered securities America incorporated members and SN BC and advisory services offered to securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group in 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. If you haven't started in the state plan yet now is the time the state and message protection claiming his critically important to those of you were nearing retirement age or are already retired. Because without a solid play and many problems can arise take the time to avoid that kind of issue but calling talk about skiing a partner with the law firm of Cushing in Dolan Thomas an expert in taxation and elder law and he can help you identify the right kind of planned for your family there are numerous kinds of trusts that are available but two of the most common are rev a double and irrevocable trusts their major differences between material so before you put pen to paper gets some solid advice from some -- -- -- can advise you on the best way to put together your plan Cushing and Dolan is a free guide out this month on the differences between -- a blender amicable trusts and you can get it by calling 8668485699. This guy can even show you how it's possible to eliminate your state Texas while protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. Or downloaded right now from their website legal exchange showed dot com. Hi everybody it's very Armstrong from the financial exchange and I'm joined by Jake to Lee who's the executive vice president of leader bank. We're talking about SBA loans you know we hear a lot about SBA loans small business loans Jack. But I don't think people really understand. How they can be used and why they're so valuable to the small business community. Make spare yet we had been really focused on providing small business lending to local community and local business owners. And the programs that are available power very helpful so we are preferred SBA lender you know what that means is that. We can quickly make decisions and under rates small business loans and house. Andy can be used for right purposes for small business owners give us an example. Well one example that recently happened was there was a restaurant in Cambridge when I was growing very rapidly they are always full occupancy. And the space next door to them became available. So they wanted to. Take on that space needs capital to sort build out. The restaurant. And you know was about a 300000 dollar loan. About it how many years did they have to pay it back typically these types of loans vary anywhere between five to ten years lots of time. So you know we were able to quickly make that. Underwriting decision provide in the capital expanded that rexrodt as world tremendously them as just wanted one of many examples in when they're landscaper or. Factional services yet loan officers that are available to blog talked of small businesses we have dedicated small business lenders. Folks if you wanna learn more about small business loans cult leader bank there one of the best in the business 8776917. B 900 is their phone number. Or visit them online leader bank dot com 8776917. B 900 Unita small business banking partner leader bank is the one to think about 8776917900. Securities offered to securities America each member Sandra SIPC an advisory services arbiters 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 tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. As far as I can remember buying a home has always been. It's difficult process that requires a lot of personal sacrifice. I don't know that it's any different today than it was thirty years ago or fifty years ago. How do you guys feel about here you're the millennial generation and use you you seem to think. It's a little bit different now than it was there years ago I think it's close or debatable. Luka one it just. I mean ever annoy everybody your generation starter Aaron that it's true student loans are telling us now actually telling us is that a common throughout your peer group present you isolated you know. Very common throughout the year ever wonder what percentage of the colonials are saddled with student loans like I don't know the answer to any and and I had student loans Tucker when I guess I have a friend spent a thousand bucks a month. Now sort I think there's a couple key differences and where where I find it's not so much. That's. More people necessarily have student loans that there are less houses available. It's just that person has changed in both of those in in both sides the equation let's talk first just about the size of student loans he go back to the seventies. The median cost of college when you look at going to into an old just private universities are the most expensive that you have out there. Private universities the seventies. Averaged about two and a half times. The amount of income that affair and we brought it was about two and a half times the cost of the year at a private institution in OK so if you made 40000 a year back in the seventies and the average cost of tuition was about sixteen. Today okay. The average cost of tuition to private school is about the same as household incomes so it's way more expensive to go to college from which means that you have a higher level of student loans if someone goes. Another comparison is what we call the home price to income ratio how much more expensive than the average family's income that is a home today. Now what you're to buy your first house here. I bought my first house in the CDC whose in 1985. OK so 85 I'm gonna go to what what point a year. Lee here OK so let's go to its call it. December of 85 and in December of 85 the median home price to income ratio was 3.2 two sentiment that the average home was about 3.2 times the average income him. One and guess what it is today. Four point four camp but that meat that's based on the price of the home. What about interest rates Soros paid for interest rates back then but here's the thing. It was easier for you to save for a down payment as this to get to a 20% down payment and you required less money in less time than people today. But chuck I was opinion I think 11% was my mortgage rate but that doesn't matter all that matters what you know what the actual payment ones. It doesn't like the interest rate only affects and how much -- able to by the fact is home's price a certain way and patent was what it was. But the fact is it's way harder to save for down payment you can you can quantify get State's thirty to 40% harder to save for a down payment today because the price to begin with because of pricing and when you factor in the additional student loans that people have. I just think it's more more difficult today I also I I do think that a lot of people. Dual port job at saving for Denton OK there's not a lot of people that do what Tucker's doing where they say gee we're gonna go live with our in laws for a year Lotta people don't have that safety net. Soccer's very down very fortunate you're you're you're you're you're lucky I mean you think about your friends that that's not an option but it in for those friends where is not an option. Again how mean people back in the seventies and eighties took second jobs to try to. You know save that little bit of extra we did if they couldn't live with male friends are fair and we for a little while so I do think there's there's is another side to where a lot of people mean I've I've had friends who they say. Do you wanna buy a place that try for six months and then literally they spent part of their down payment on a trip to Italy epithets just that the deaths. On man. But that's what I'm saying like I I do think that there's all a lot of people today were when they get discouraged there's got to hold the whole thing up and say screw we're just not in and that's their fault for doing that. Tucker did come across a house statement one take a look at him Gloria I can afford this on now big poppy is selling his house and for his past from probably David Ortiz before that he had no OK maybe a closet. He has a six bedroom home in Weston. And he is listed it for sale for a mere six point three million dollar. It it looks nice it's got six bedrooms seven bathrooms just because you never know when you're gonna need near seven bathrooms all once. That the basement is styled to look like Fenway Park and witches rather nice there's a three car garage in ground pool and jacuzzi. And replace it. He said he wanted to downsides then. You know looks looks like he wants downsized. By the way so if you if you pull this property up. And take a look at just as. Here would you do that Israel will if it's on zillow which is great so it's it's there doesn't mention is David Ortiz is home to says that it was the home of one of Boston's most of sports legends. Now what do you think the property taxes are on this property because we haven't yes but he yes. And Tennessee. Six point three he say about 40049875. Football poll that's a pretty good just about dead on CF today it's 50000 dollars a year just for the property taxes on Tuesday night. And you can only deduct -- you can deduct. What are percent of it yeah. But this property by the way when Ortiz bought it back in 2007 guess what he paid for. One point six no. Tucker any guesses. 850. Four point five. The development four point five. So he paid four point five for it then. The previous buyback in 04 it paid 4000004. Underwood will sell for. You know the it it those are not they're not a long list of buyers for homes and and Spencer know it's it's it's not something this is not one of those it's gonna go in a week and and. Becoming opera be talking about need merger. Between a few small banks are couples small banks. On a day where the Dow is down 59 points and nasdaq's up 39 points. The stocks are trending a little bit lower today oil is down sixty ones at super. Like there's some FaceBook and follow us on Twitter. Show breaking business news is always first right here on the financial exchange radio network. That's the Xperia 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 had a pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. 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Loss of a loved one is hard enough when it's your spouse and you're not prepared for the overall damage can be severe this is Mike Armstrong and our shark advisor group has written a brand new guide to help you with your investment strategy in your overall financial well being in the case of the spouse's death there are several strategies that we suggest you consider including creating a spreadsheet of all assets pulling all wills and estate plans in compiling numerous documents such as life insurance policies mortgages in tax returns all of which will contain crucial information that can help you through this difficult time call right now at 803934001. That's 803934001. And get your free guide today and I'm sure you'll be glad you did that number again is 803934001. Or download it right now and Armstrong advisory dot com. He suffered histories and are incorporated remembered him as a PC and advisory services offer to securities America advisors incorporated Gary Armstrong represented at Armstrong advisory group in 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 if you haven't started in the state plan yet now is the time the state and message protection claiming his critically important to those of you were nearing retirement age or are already retired. Because without a solid plan many problems can arise take the time to avoid that kind of issue by -- talk about ski a partner with the law firm of Cushing in Dolan Thomas an expert in taxation and elder law and he can help you identify the right kind of playing for your family there are numerous kinds of trusts that are available but two of the most common are rev a doable and irrevocable trusts their major differences between material so before you put pen to paper get some solid advice from someone who know respect and advise you on the best way to put together your plan -- in Dolan is a free guide out this month on the differences between rev a double and irrevocable trusts and you can get it by calling 8668485699. This guy can even show you how it's possible to eliminate your state Texas while protecting your assets from creditors and long term care expenses caller right now to get this free guide an 8668485699. Or downloaded right now from their website legal exchange showed dot com. 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 yeah. Used to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. No one wants to deal with the death of a spouse but if it happens and you're not prepared your finances to be severely affected Colby Armstrong advisory group and get their new free guide on how to prepare for the loss of a spouse can help you understand the various pitfalls that may come call 803934001. That's 803934001. Or downloaded right now and Armstrong advisory dot com securities are produced series American corporate members can rest say PC and advisory services are for the securities America advisors incorporated Barry Armstrong represented a strong advisory group in the securities America companies are unaffiliated. Street watch a look at the market's performance so far today act of Marion chug right here on the financial exchange radio network. Time now for Wall Street watch brought to you by leader bank give you happen need a purchaser refinance loan to bank. Well they have some of the most competitive rates in New England the dedicated loan officer will work with the every step of the way. In the local decision making means faster closing. Call right now for more information 776917900. Or visit them online leader bank dot com member FDIC. Michael Armstrong joins us now for Wall Street watch Mike. Take two interactive in electronic arts to huge video game makers. Both down north of 12% today as it did people stop buying video games actually. Certainly stop by and bears have booked way we communicate electronic arts well let's start there Apple's been reported earnings. Mainly this was about concerns on their future. You future revenue and profit between nineteen all of the companies. It's been met expectations for the fourth quarter. Electronic arts in particular have been really had a US's what they're gays battle battlefield I've lead the could not stand out they're editors. In particular EA. Called out or I'd say that that is if they rest their business which is it's not billiards the free game model where. It's free departed the game and it is an upgrade in the game. So that's stock is down right now over 14% on its sir. We're about take two was interactive they're the publisher of I believe red dead redemption two it just because one Tucker's favorite it has got all right yes. It does the rest of the world not agree with Tucker. Now JP. Has big big game has sold over 23 million units which to honestly good. Pretty incredible. Huge sale. But at once again yeah investors can be pretty hesitant that they're going to be able to reproduce that result going forward. You know it take to who has been in the borrow less concerned about the fort night in the pre game emergence coming out there and it still interpret the other compete in the name out there and you know details but. Once again Bayard they're died between nineteen as we can anticipated Patrick EA beeper. The market and those that take to it down over 13%. Better. Actor. All right very good thank you Mike. Mike Armstrong with Wall Street watch presented by leader bank call now for a great rate on a purchase or refinance loan at 8776917900. Or visit them online leader bank dot com member FD. IAC. Abington bank will merge with pilgrim bank to create a 600 million dollar community bank. With 6 offices serving eastern Massachusetts. Should we anticipate more announcements of this nature. I would imagine well here here's the thing. We've seen some pretty decent consolidation in the small community based banks in the last five or six years just because of the regulatory costs. Associated with running a bank today but if you look at Massachusetts we lead the league in small community we would do it why is that do you know just in there won't some of these banks tracker hundred years old traditional Arab what do you anticipate a little bit more just in in not so much I think a lot of the banks that are you know between twenty and fifty branches of kind of gone through that consolidation. But the ones like this that might have. You know 45 branches things like that. It's really hard to continue to operate in today's regulatory environment even with some of you know the easing of regulations for small banks leaving you take that aside to think about their technology costs. Are trying to develop things like and you know apps and so forth and electronic Oz -- and things like that. It's a gets six challenges it's it's tough. It is you know and in your competing as much as people don't like the Bank of America's of the world I say this is someone uses Bank of America. The technology makes really easy to stay there. Well it's hard to leave the the larger banks and what the the smaller banks can get the technology. It's just that day to pace so much more for. Yet and especially the the lure of small banks and in it is always. Well you know exactly you know who's the young running the the show there you know who's running the money they don't take the risk of the big banks. You know you might have some additional cost in some cases just because in order to provide the technology serves people want. In that they don't have the the scale to kind of offset that says nurture. True folks losing a family member can be a traumatic experience especially if you're not prepared. Prepare for the loss of your spouse is awful to deal with. But if you don't do it your finances could be severely affected. We have a brand new guide out this month designed to help you avoid unnecessary risks and associated pitfalls. They can arise when your spouse passes we recommend several strategies for you employed. There will educate you on how best to deal with this unfortunate circumstance. Coal right now 800. 393. 4001. That's 80393. 4001. In your free guide today make sure your fares are in order call 80393. 4001. For your free guide or download it right now are strong 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. What happened to the ten year treasury note yield we went from way to a higher for three quarters or via 330 yeah we got break up into that 3325. Range for about a week herself and now it's down to 26 Isa 268 we've gotten back down actually we touched in the 25 spur a little bit before going back up to around 275 an hour to six -- So mortgage rates have come down yeah mortgage rates are down about probably point 4% from the peak we're now if we take a look at kind of the the average thirty year fixed rate on mortgages right now. You've seen those are about into the force six to 47 range depending on. You know where you're looking at this point. Good timing. Because it's the Sunday. After the Super Bowl when the spring housing market begins the league and yet it's where it all heats up and this is actually going to be a good weekend for Arnold the weather forecast is but it. The vision of snow on the ground rate though if you're young couple looking to love by house. You don't trudged through the snow in the salt rate eat just go and you know start looking at house and rates or come down so you know the cost of money compared to just in November. Has come down close to half a percent. Which which should help to get some people back in the market at certain price points of if you do the math on and on thirty year fixed mortgage. Every 1% increase equates to 10% less buying so if you've got rates that are point 4% lower. You've got about 4% more buying power and so it should help to stabilize prices in some areas. I still think that there is a demand problem on the high side not at the moment right now so I think any type of home that price north of call 700000 I think you have real trouble selling right now so that the highly priced homes I think. Are going to be in for a little bit of a challenge and what I mean by that is second persist for a long time is that is temporary phenomenon. And and I think on the I'm kind of that next levels of 700 I kind of look at kind of the start of that highly priced home I think on ones between one and two million I think you know problems at the did differences. Hamlet so you know they gave you look at David Ortiz trying to sell his house straight. Who wants a six bedroom house and I think it's it's family size number one but beyond that the the deductibility of real estate taxes has really in analog and high end market. And in mortgages is a thing on the mortgage front though I talked to a realtor who works in that arena yet or five million dollar homes. Said a lot of people that are buying those are using their march and yeah I can't enact and that's still deduct I think when you get to a certain price point it doesn't matter you know what when you get above call three and a half to four I don't think it matters you're paying cash in when you're dealing with one to two million I think people are still looking at mortgages in a lot of cases. But I think you get to a certain point in its just. I think that once you get to higher price names and I think you'll get a case where of the value of stocks and things like that matter more partly for the re. And suggests there. General Motors I told you guys that I thought Mary Barr rose going to be good CEO of that company she's been there awhile. He she's got to be years is that now that I'm trying to think as day I like me than lose she's been making. And they announced earnings this morning you'll have five years down and so I thought. Dollar 43 per share vs a dollar 22 that'd been estimated that their earnings announcement this morning. And revenue truck of 38 point four billion vs 36 point four. And they've got a hot robot work going on there supposedly and I I'm no expert but ID the they've got a lot of robot work going on terms self driving cars. Yet she's done a really nice job at the least stabilizing the ship there are trying to clean up some of the mess from. She got rid of inherited she got rid of the stuff was still working through getting rid of crap. Now look look what she did in Europe race Jim is pulled out said hack in and that I think in retrospect is gonna turn out to be stroke of genius while it. And I think that some of the stuff that she's doing now as far as trying to clean up their product lineup in insulin that down as well in the United States. I do think there's questions about whether you want to pull out of the sedan market entirely new for the long run is America's. As you can see trends that come and go for shorter periods of time. But I think there's no doubt that she has done a phenomenal job. You know stabilizing that company. In giving it a platform where they can grow from here on out not think there's going to be some challenges as far as overall vehicle sales for the next year too and a lot of major markets. But I think she's positioned them to be able to assist its near sustain the company. During those challenges that arc of her doing that are just you know kind of a fact of what the automobile market looks like right now. You know I don't look at GM is being. An acquisition opportunity. But Wayne well apparently he's looking at renal. Yeah and in and Nissan you ever know looking at that Renault Nissan now Mitsubishi alliance that is kind of you know one of the big global players are. Are you so I because I was kind of surprised that I I thought we most business model simply Beatles licensed that technology to the manufacturers. With they're looking at doing here in this is just a rumor books. But there at the rumor is they're gonna bide their own automobile manufacturer. Which would be. Make something very unusual for technology so I didn't read it is that they were going to buy them mind you that's going to be here I was looking more in terms of the joint venture now. Does this kind of ally tended to read 10 separate army that all I Z candidates you know did. Yet each side to provide funding into a joint venture something like that see that was the tell to me that in. General Motors must have something really cooking with self driving now I'm just curious why they picked that. Companies like companies in trouble right. Renault Nissan Carlos goal and all that turmoil but if you do get cheap. But I I view it is a bio yeah I think so I guess maybe I'm just not read that right but it a I didn't so I didn't get that sense there nick could be wrong. They appealed to pick up truck there's a big recall. It was announced this morning we'll tell you whose pick up trucks are being called when we return to the financial exchange. Stock tips and stuff talking to. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Do with the loss of a loved one is hard enough when it's your spouse and you're not prepared for the overall damage can be severe this is Mike Armstrong and our shark advisor group has written a brand new guide to help you with your investment strategy in your overall financial well being in the case of a spouse's death there are several strategies that we suggest you consider including creating a spreadsheet of all assets pulling all wills and estate plans in compiling numerous documents such as life insurance policies mortgages and tax returns all of which will contain crucial information that can help you through this difficult time call right now at 803934001. That's 803934001. And get your free guide today and I'm sure you'll be glad you did that number again is 803934001. Or download it right now at Armstrong advisory dot com. He suffered securities America incorporated members and SIPC and advisory services offered through securities America advisors incorporated Gary Armstrong represented a strong advisory group in 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. That's. Pay one price program on Saturday nights had to pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. Snowboarding do you think rentals lesson tips and entertainment that's because one of the largest night skiing areas and all of northern New England stance when a New Hampshire most accessible learned to ski and snowboard mountains bring your family and your friends whatever your age or a felony level you'll love pats peak. Phillies info go to pats peak dot com that's pats peak got a job. Pats peak ski area and had occurred near. Hampshire thing. Pats beat southern interest premier ski and snowboard mound is wide open for day and night skiing and riding close to home there are 33 parts with plenty of park features the snow tubing park is open on Friday afternoons and weekends and holiday periods for the latest info on conditions photos videos and events go to pats peak dot com hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on 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 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 cold now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Subject to credit approval leader bank a step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience there hard just vote go to financial exchange oh does come in castaway. Do you own a ran 2500. Or 3500 pickup truck if you do and it was made between 2013 and 2017. You might need to recall. Yeah apparently on these ram 2535. Hundreds from my tweet thirteen 12017. There's a steering loss problem and then also. On between nineteen ram 15100 pick up this is a fascinating one here ever caught 222000. Because they sold them. If these are vehicles made last year because apparently if drivers moved the brake pedals to the rear most position. The brake pedals have been known to break off meaning that you can't press the breaks hikes which is not really ideal. No no not reassuring whatsoever. OPEC is pursuing a formal. Pact with Russia. And this is really getting complicated Saudi Arabia and its Persian gulf allies are backing the formal partnership. With 810 nation group led by Russia so what are we talked about twenty. Nation. Group of consortium yet this would be. Re you the really interesting that they keep the team again. No they can't but I I I don't think that the actual oil price. The the actual amount of oil pumping is really what matters to any of these parties to be completely honest did this in my opinion is actually the biggest story that we're talking about Tuukka. If you look at the wave that the balance of power in the Middle East has been aligned over the last forty years. Saudi Arabia for all the disagreements that the US and Saudi Arabia on policy on how things should be done on just general world view and so murders and eleven yet things along. Effectively what we see here. Is that the US and Saudi Arabia still open partners over that forty year time Putin's. This has the potential shift and specifically. If you look at how the dollar has retained value historically been because the only way you could buy oil from Saudi Arabia and OPEC right. This has the potential to change. How so only use it because if they start this twenty nature and nation. Consortium giving Saudi rape you be willing to take yen or one on under Euro since then. If you're partnering with Russia there's. Russia's not getting into this just for the sake of propping up oil prices and rush is getting into this because they don't want to deal with the US dollar anymore to the sick again and sanction and that's why get their money style that's Saturday confiscate it in at this point if you're dealing with Russia here by. By default also somewhat dealing with China just because battle lines seems to his seems to have deepened. So this has the potential if it goes through and if it's able to stick together for any extended period of time. This has the potential to be a dramatic shift in. How financial markets end up working when it's all said and done is this a disadvantage. He created by our. Production of oil duties because now we're not the big customer anymore. To a certain extent yes I mean if you look at who has the most powers Forrest who the biggest buyers are the US is importing about four million barrels they China's importing ten right. If if you're looking hey why should we price oil in dollars if you're not the biggest buyer anymore that those in theory you shouldn't end. If you do believe that's where things are going that you got to be really really bearish on the dollar over any extended period of time. Just because the thing that gives its values that it needs to be used in trade for oil today. But wouldn't we still be a big Lou we're still big consumers and net importers you would be but here's some other products not oil the question becomes. In really two part question so the question becomes so if you don't have countries that are stockpiling dollars in needs something to do with their dollars anymore. How do you finance the growing US deficit. There's two ways do it either US. The US biases internally through you and I'm buying more treasurys I really wanna do that you don't. Well there. But we do is we put money in the bank and when we put lit when Tucker puts a thousand dollars into his bank. Hit that bank goes out buys treasury and this gets us to the Federal Reserve and why they're talking about stopping their bond Ronald. Because they need to have a guaranteed way to get banks to buy treasuries and keep their reserve side now and that's why the Fed doesn't wanna run off its balance sheet. And they don't wanna run off their balance sheet. And it does it matter if they do or don't anyway it didn't matter it didn't help us when they're buying the ball well you're united if it does matter and it if they continue to run off their balance Sheen almost and you have a real dearth of treasury buyers can banks aren't buying as many reserves as they have. All of dollars float around so it's that this all ties in when you look at this and that's why the Fed can't run that balance sheet off. And in if you think this is what's happening which I tend to. Then I think you have to be bearish on the dollar over the next couple decades it's not going to be the end of the one and people talked OG what if the dollar whose value is manufactured becomes way more competitive right. If it's. It's really good for the US middle class if the dollar loses a little bit of values also it's for tourism it's good for tourism it's not great for the US upper class necessarily just because tape it if you're sitting there saying gee we've got all this you know stuff and and to this point we've been able to make our money. Based on margins from offshoring jobs and yes not great if you're you're you're in the business of offshoring jobs. Well that's that's again that's good for the American population it is so I look at this and I think this could be. Disruptive in the short term to the US economy but it cheaper dollar in the long run because actually really good now might help. What's the price of gold is down three dollars an ounce as I look at crude oil seems to be stabilizing right around 5366. What is the Saudi Arabia need the principal to be about eating. Today kind of balance their budget. They like to be in the seventy to eighty range I mean realistically they can get by elect where it is today and there it Brent is at sixty and 65 via 65. And. The S&P is down a point the Dow was down fifteen points. The NASDAQ is down eight in the Russell 2000 is down five points when we come back where are we talking about. How free agency came to college football doesn't really make sense for those of us who had fallen colleagues worked for a long time. That's one of the many topics. That will cover in the next hour. Of the financial industry. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans 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 with something for everyone including Jane night skiing snowboarding snow tubing aired a special pop 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. Snowboarding two things rentals lesson tips and entertainment. That's because one of the largest nights in areas and all of northern New England fans one of New Hampshire most accessible learned 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 the job. Pats peak ski area and had her New Hampshire. Pats beat southern interest premier ski and snowboard mound is wide open for day and night skiing and riding close to home there are three terrain parks with plenty of park features the snow tubing park is open on Friday afternoon to weekends and holiday periods for the latest info on conditions photos videos and events go to pats peak dot com hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on home mortgage meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com 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 NW 275 CM FM good Boston the money matters radio network. This is chuck and Mike from the financial exchange in the rear today to talk about the new guy that we're giving away this month it's titled how to prepare for a spouse is passing Mike and fortunately this is a topic everyone needs to prepare for but. Lot of people don't take the steps because it's a little bit intimidating so let's start from the beginning. Happens to both to be at the same time this would avoid probate process for children or anyone else that's listed on the account by the way folks not just your investment account not just your 401K go to the bank you can have pay on death beneficiaries on really basic accounts elsewhere too like what do I have or will or trust in addition to beneficiaries named on an account how does that work well the beneficiaries on the counter actually going to supersede. The wheels in the trust so. Let's say you change your will and say you know but. Something happened and I need to cut my son or my nephew out of mind will I don't want them to inherit anything you must go up to date those beneficiaries on those accounts as well it will not just automatically change because you up teacher will lower your trust the beneficiary designation takes precedence. Folks we have a new guide out this month it's titled how to prepare for a spouse's death in all you have to do to get it is call 80393. 4001. Again that number is 80393. 4001. Or you can also get a Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services offered through securities America advisors incorporated Barry Armstrong represented their Armstrong advisory group in the securities American companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. 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They're driven started in the state plan yet now is the time the state and message protection claiming his critically important to those of you were nearing retirement age or are already retired because without a solid plan many problems can -- take the time to avoid that kind of issue but -- -- about -- a partner with the law firm of Cushing in Dolan Thomas an expert in taxation and elder law and he can help you identify the right kind of planned for your family there are numerous kinds of trusts that are available but two of the most common are rev a gamble and irrevocable trusts their major differences between material so before you put pen to paper gets some solid advice from someone who knows and can advise you on the best way to put together your plan Cushing and Dolan is a free guide out this month on the differences between -- -- -- and irrevocable trusts and you can get it by calling 8668485699. This guy can even show you how it's possible to eliminate your state Texas while protecting your assets from creditors and long term care expenses call right now to give this free guide an 8668485699. Or downloaded right now from their website 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 presidential mountains. And lakes region of the name comes in 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 PR PD most nights in New England. Nineteen about sales and at six nights a week and the cost of nineteen it's always included in your daily ticket. Johnny PR for his family friends and outs and action packed calendar of events. 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 in blizzard pop. 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 Barry Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to -- businesses that number again is 8776917900. Or visit them online at leader bank dot com. In a deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. insulate these reduce earnings which have to change without notice leader bank a step ahead member of the icy. You know. This is the financial exchange with the very Armstrong and chunks of you're exclusive look at business and financial news affecting your day your city your. World stay informed and up today about an economic and market trends plus get breaking business news every day it's. And now the financial exchange with the Barry Armstrong and chuck son. Being the eternal optimist. Last night during the state of the union I was trying to figure out how to make money on what the president was talking about. So the conclusion was he short health care stocks neagle long construction. Does seem to work out that. No. And I thought you know his his comments about the drug companies. Said OK maybe he's gonna go after them a little bit they'll go down in price and then I said he wants to do an infrastructure plan. But. Yeah so far so there was asked theory I guess there's actually a split now materials are still the bottom of the barrel blood dot industrials are the second best performing. So blame maybe got that I don't know which which names in particular room see if I can dig into. The industrial sector and see and what's moving things in that area right now. But industrials are up over all. Though it's not necessarily namely. Names you'd expect like caterpillar. Kind of doors down to pace pretty tough environment to get anything done right outside of executive order I think so. And you're not appropriating budged with executive orders as we've seen now Larry well there we. On I was surprised say I've been a college sports fan for a long time and there's a change made. As it relates to college athletics and I was unaware. The kids now can transfer. Colleges even though there on scholarships or you could sign up and yeah commit to goad to Boston College or the University of Miami to play football and basketball or hockey. And then after a couple years say wow did you know it didn't work out I'm not yet to start to indict a pattern of thank I don't like to coach whatever their reason in the old days you'd to sit out a year. Yet it there's some exceptions now and in ways that have made it easier to transfer particular one of the big things that there's a couple major changes that have been me. Did the first big one is that previously. Athletes had to get permission from their current school in order to transfer be recruited by a list begin so. They got rid of that which I think is great that was like the school pretty much older Hostin is it now he not to want any dollars in talent to waste away and whatever. So they got rid of that number one. But the second piece is that schools have allowed four. Graduate transfers with no. No you're sitting out to begin with anyways but what they've done now is what kids are doing is they're starting to enroll earlier and so as a result they finish their degrees earlier into doing graduate transfer after just three years and mean making go plate immediately that now coaches don't love this in a lot of cases line. Because they can't stop but the coach arguments you can't stockpile it makes unpredictable to know who's going to be on your team and a future year. Better for the kids it was and it's way better for the kids in and beyond that. I look at and I say look if you wanna keep the kid around Nikkei two stash him on the bench so you have no other options anymore you gotta find ways to keep involved in the game in the program and things like that so I like this because. Hey we went to the downsides to it and that the downside is in the if you wanna hear what people say the downside is and it's that programs can't you know predict who's going to be in their program going forward anymore. I would figure I think it's gonna help parity. Yeah like right now it seems like it's always Clemson now them. Yet these rules have been in place you know for the last few years anyways it's still clumps in Alabama now. You know it well this isn't new notices this been in place for the last three years now yet since I think 26 Tina I think a lot of these changes were made. She would I used to see was now and then it would go. In hockey they go play division one hockey I don't know Merrimack Kirby you were University of Miami. And then you know they were sitting on the bench or they were sitting in the stands not even get an address yup and they would transfer now they couldn't transfer. If they transferred to another division one school they had to sit out a year these so that's still the case if you're an undergrad. All okay now the NCAA is starting to grant more waivers for those one year sit out here it personally I'd like seem get rid of it completely because he used to be chock it wary if you say you're playing division one hockey Europe. Boston College then you could transfer to Wentworth. And get to play right away because Wentworth was division through and it. In what I'd like to see you say even across the division that be allowed to here's the big thing that I always come back to if you wanted to transfer right now is an undergraduate and yes it Audi. Well if the coach takes different job he does not sit out a year that's true wise they're different playing fields you know. And coach to say oh we don't wanna make it too easy for kids to hopper on why you don't think you can keep them feel that if they're not chain two year program and let him hop. Snap is in the news they are stock is up 27%. This morning we're talking about snapped chat right. Yes snapped revenue while moving up a little bit the stock up 27% the stock going from mock. That's six bucks a share rather seven bucks a share I'm sorry up to almost nine today and and it has gotten down as lows about four ED 21 points. Last year. So. What's what's going on it's causing snapped a rally. It's not they're making boatloads of money they're still losing money actually the big thing their loss was narrower than expected in their users which had been neo seeing actually declines in previous quarters. They stabilize the user stabilized at its. A 186 million users and I was real young users and that it is. So that they've got a little bit of stability there that's going to be global. They they've got to be everywhere it is and he used that is global users with the attraction I I have it on my phone I can't figure how to use. It's it's just another way the people communicate with each other nodes it's just it's gut you know some things that people think you're cool like they've got different filters you can put on photos you can write on millennial yes. Hampers it shall once in awhile you do get. I mean I've seen an improvement in terms of using snap play you know it's not so much in terms of you know communicating with the dog years and whatnot but. You've seen more. Wasted easily streaming media wearers like it's it's kind of like there's a lot more. Inkster grams stories you know it is updates from the patriots are partial sports and very user friendly. I'm and then you can just access those that use really quick why is it they'll. In this. Part a lot of this mean I understand is why is it soul. Popular. Among when we called the sub millennial generation Z generations I mean a day using a lot to communicate almost six when they do it and it just because they view is being cool right now. Is it cooler is it because their parents aren't on. As books it's both one kind of begets the other. All its staff because that parents are you know. FaceBook was cool until your parents got on it and then people moved once parents get on snapped at people move. You know it's it's it's the one thing that we've seen with a lot of these social networks. They don't really have stickiness in the long term. Oh thanks but does Facebook's gonna the exception that proves the rule. Would have a Twitter have they don't. OK now you know that they're doing all right but it's you know it's you look at these these companies and their ad platforms and so when people move on to the next big thing ad dollars tend to move with them. They did increase the average revenue makes per user in this is a positive yep. To two dollars and nine cents from the dollar 53. In the final period of 2017 so I look at that has been very positive statement. Yes or if it's good news that you know at this point advertisers spending more on the platform. I guess people familiar with that this sector said that that's more because of the fact that advertisers just trying to invest more in social and general rather than split snaps specific business model. So it's a really it's a good quarter for them that shows take a little bit of stability at least you wanna see. 34 so what you need more than stability is here's the thing let's say the company stabilizes in this range and they still lost 200 million dollars for the quarter of the need to grow users Ingraham yeah you you've got to get users realistically in order to happen for this company to have a stable long term platform. You probably 250 million users do and about twenty to 30% more revenue per user than they do today. So the other question that comes up is is snapped chat better. And more popular among generations Z then instead Graham has in mr. Graham I think was the Facebook's solution word. Your nemesis to snapped. Wolf FaceBook and if you get in Stu grant is the only institute for instance two grams user numbers are far greater than what you have force now I don't know what the breakdown is by Eads necessarily Newton but Easter Gramm's got. More than a billion users. So the big head start. Bolstered journalists in a snapshot. What's article. This like different stories and it's a college Q it's it's kind of like an article and pictures pretty much. Term on snapped chat and it's published by the Wall Street correct yeah like there is this open on sentinel ads here. There's something about technology memory foam trading stocks except herself didn't click pretty. I mean cyclic rate. Yeah I guess in a way. Trying to get kids to read the Wall Street Journal. I guess a third town and I'd love to know the average age. Renowned in aid of a sound check user and you've got to get you know is it fourteen is it 21 news you know. Because that's that's a big tell ranked I would guess that you know I I see a lot of older people my age and a lot older than me on FaceBook. So I do have. Let's see here here's I've got so 64%. Of snapshots users are between the ages. Of eighteen and 24 while 31% of between 25 and 34 and only 8% is 35 polls. That's huge. Is it. For more perspective if taken its get those users to stay they never do though. They now make kids always move on to what's like it is snapped up won't be the popular thing for effort seat ten years from now when my granddaughters go on social media you don't think snapped chat will be hip thing. Now there won't be it's just like Facebook's not today. You know it's just like if you go back you know ten years before that MySpace wasn't at that point you know it's just like these things they have their. BO it's it's about what's cool and knew what part of what's cool new again I say this is someone who's no longer cool or new Madden it's. About you know things that adults don't understand and so if adults are on snapped at kids are gonna say. Now we want to be there. Maurice Ager sits snappy isn't you don't see foresee snap in the future and you're just kind of discouraged FaceBook so I guess what is the popular things that you had another 1010 years now there's going to be something new that we haven't seen yet it's not going to be one abuse that improve over time now that is what thirteen year old go for isn't what their parents use. I don't know that I think about wind when you were thirteen you know I have talked to your friends. Yeah I allowance Garcia name and a did your parents use it. Dep data that they want to be on something new so. My kids when I eventually have them. Snapped jets probably not going to be how they talk to each other now. A Democrat wants to increase the tax on the ammunition by 50%. We're gonna talk about that when we return to the financial exchange. One short little tour everything business and finance it's the financial exchange with Barry Armstrong in chunks of on the financial exchange radio network. They're driven started in the state plan yet now is the time the state and message protection claiming his critically important to those of you were nearing retirement age or are already retired. Because without a solid plan many problems can arise take the time to avoid that kind of issue by calling Todd let's do a partner with the law firm of Cushing in Dolan and Thomas an expert in taxation and elder law and he can help you identify the right kind of planned for your family there are numerous kinds of trusts that are available but two of the most common are rev a double and irrevocable trusts their major differences between material so before you put pen to paper get some solid advice from some -- -- -- can advise you on the best way to put together your plan Cushing and Dolan is a free guide out this month on the differences between -- a blender amicable trusts and you can get it by calling 8668485699. This guy can even show you how it's possible to eliminate your state Texas while protecting your assets from creditors and long term care expenses caller right now to give this free guide an 8668485699. Or downloaded right now from their website legal exchange showed dot com. Do with the loss of a loved one is hard enough when it's your spouse and you're not prepared for the overall damage can be severe this is Mike Armstrong and our shark advisor group has written a brand new guide to help you with your investment strategy in your overall financial well being in the case of a spouse's death or several strategies that we suggest you consider including creating a spreadsheet of all assets pulling all wills and estate plans in compiling numerous documents such as life insurance policies mortgages and tax returns all of which will contain crucial information that can help you through this difficult time call right now at 803934001. That's 80393400. Wanna get your free guide today and I'm sure you'll be glad you did that number again is 803934001. Or download it right now at Armstrong advisory dot com. He suffered securities America incorporated members and SN BC and advisory services offered through securities America advisors incorporated Gary Armstrong represented a Armstrong advisory group in 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 loss in your state. It's 6 AM clear as a bell and winter quiet I'm watching Mike Pratt turn to steam. If I turn left out of the driveway there's a mountain of paperwork on my desk if I turn right there's a mountainous snow at loon. I am turning bright and. Well we'll still be there tomorrow January delivered over five feet of snow and lose a wide open. Three mountain peaks tree skiing award winning terrain parks and New Hampshire is only super fight to save on tickets at loon NTS dot com slash tickets. If your land -- property manager rent collection can be very challenging especially if you own multiple properties leader bank has a program that can help you it's called Z deposit this is another free program which streamline the opening of tenant security deposit accounts -- totally digital experience with Z deposit landlords can open an account online invite tenants to enter their information and manage all their security deposits C deposit also automates many of the compliance headaches for landlords such as generating account disclosure forms and will even send annual interest payments directly to the tenants it's easy to get started just called -- deposit team at 7816418691. -- deposit is a free program to if you're a landlord or property owner call today and make it that much easier to collect and manage your security deposits that 7816418691. Or visit them online at C deposit dot net member FTS EU leader bank a step ahead. NIC knows he probably thinking this step it falls out of this guy but it print more we see it differently at Kramer's known as a form of art. They crafted we think it's really we make it all went through London he never ever stuff looking for ways to make their conditions that are. You'll see an honor fluke than an hour remaining areas and you see it flying out of our energy efficient snow events. Snow is what leads you that simply print more inexperienced clincher our way. It at today's conditions and calendar praising it print more dot com. The financial exchange. Is Cole a brutal England 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. You ready for some trivia there Tucker he thinks great yeah America. 108 years ago today the fortieth US president Ronald Reagan. Was born in Tempe go Illinois we will be asking eat trivia question about Ronald Reagan whose by the week featured in the Super Bowl I think Hillary's. During the 1950s. And the early 1960s. Ronald Reagan was he traveling spokesperson. For what company. Now our text number is 6356663566. You text the correct answer to that number. And you might win that fifty dollar gift card for gasoline. Don't forget to put my first name at the beginning of your text if you have not participated in trivia in the past 63566. During the 1950s and early 1960s. Ronald Reagan was traveling spokesperson. For what company 63566. So the Democrats. In Connecticut at least one Democrat in Connecticut wants to lead the 850%. Tax increase on ammunition. Never gonna know I expected can't see it actually happening. It's first of all you've seen some more things in other states and other county in other by cities ruled unconstitutional so like I think you have questions on the front. Can't raise the tax on one item Woody's what do noted the exclusion of other one note specifically Second Amendment issue oh. You know so from that respect so I just. I think it's a long shot that it even ends up getting. Through the legislature and even if it doesn't think there's new real questions as to whether or not actually sticks around. There GE's French jobs fine is only the tip of power whoa so ged. Would they buy listed. Alston Siemens here at the they did some kind of a deal and here they've bought they spent ten billion dollars to buy Alston is energy assets effect with their power house grossly overpaid for the and they've paid. This pretty much they what GE did over the last couple decades is they bought at the top and sold the bonds just about everything they did they spent all this money on energy stuff in 2008 will that crater basement all this money empowered in fifteen black you know just. The they bought everything at the exact wrong time. And so they've got a 57 million dollar fine in France because they didn't create the jobs. That were needed they pledged to create a thousand jobs in France they made 25. So they missed by 97 and a half percent so good job good effort. They're they're trying to build renewable energy operations in France that they just. That they're powered division is just a mess. They've already on this side deal that was worth ten billion dollars and they they've already taken six billion dollars in restructuring charge is on this. He would pick stocks up. Docket it's up to ten dollars and 63 cents a share today same reason snapshots of its not going bankrupt this quarter. From. This quarter the innocent noticed the cabbie an hour. Qatar and ExxonMobil are planning a ten billion dollar gas investment natural gas that would be. In Texas but this is fascinating for a couple of different reasons the first being. That. Qatar and Saudi Arabia don't get along. Very well at all yeah hook up well Saudi Arabia put an embargo on them about two years ago. It pretty much is because. Again they're competitors they're competitors and they they just in general they have very different views on who should have leadership in the Middle East have you ever looked at the population. Of Qatar and looked at it like. He didn't exist is that only gives the it is this even have a million people. I think it does value it didn't exist. If you go back fifty years ago there was no Qatar in terms of population now it's grown exponentially. We see how many people actually are there at the moment trying to find populist missed two point six million people there but look at it was fifty years ago. In his like. 400 people what does that there's nothing they are pretty much I mean it's it it literally is a country that kind of rose out of nothing with the soil right. Pretty much an and that's it Qatar also has you know much like Saudi Arabia a terrible human rights record the World Cup supposed to be there. The in about three and a half years and and more wasn't slave labor and more workers have died building. The World Cup stadiums for this World Cup and all of the other World Cup's and Olympics combined senator. They've had like 270 Deseret I'll find the exact number but it's a real problem and they pretty much are using slave labor they take. Migrant workers' passports and don't let them leave the country practically. Work till you die what what's what's really interesting here is Qatar trying to develop. Effectively deeper relations with the United States which I don't think it's gonna go over particularly well with the saudis names so. The saudis serve Macon overtures towards Russia and China and maybe this part of the reason why they are. You know so this has the potential it just it feels like there is a large scale shift that's going to happen in the Middle East at some point in the near future. And anytime we see large scale shift in Middle East in the same sentence is to make you a little bit nervous for kind of what comes out there in the short term as far as the potential for conflict and so force in a and me the deer the problem is that weapons that are using have become so dangerously. All sides know that. You know if they use them the east kind of the the end almost those countries are supplied by the US that the mean Saudi Arabia's got you know whole bunch US weaponry at NASA and Anderson they're going. Okay now there Leo. Making overtures of Russian time so is this really that it uses and in his right you know. So that there's big questions on that type stuff but it's his project they're working on with ExxonMobil. Is for actually exporting. American natural gas it is so this is good it's it's a project called gold and pass which is a terminal that's in Texas. That was originally actually built import gas and they're gonna try to turn that into an export terminal. From shale fields in Texas out to New Mexico said the goal is hey you get a whole bunch natural gas produced in these wells and Texas and in west Texas and a New Mexico. Piped it down over to this gold pass terminal for and then. Export it to the rest of the world yet to freeze it first you do it's it's it's high it's an energy intensive process is to read it's it's an expensive process. But if you look at where they're trying to get this to. The golden becomes okay we can export this knew you depart South America or to Europe and where they don't have you know widely available that gas. The Dow is down 34 points when we come back really take a look at Disney they issued an earnings report last night after the mark. The financial exchange is alive on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. If you haven't started in the state plan yet now is the time the state and massive protection claiming his critically important to those of you were nearing retirement age or are already retired. Because without a solid plan. Many problems can arise take the time to avoid that kind of issue but calling talk about ski a partner with the law firm of Cushing in Dolan Thomas an expert in taxation and elder law and he can help you identify the right kind of playing for your family there are numerous kinds of drugs that are available but two of the most common are rev a global and irrevocable trusts there are major differences between material so before you put pen to paper get some solid advice from some new notes can advise you on the best way to put together your plan fishing in Dolan is a free guide out this month on the differences between -- a double and irrevocable trusts and you can get it by calling 8668485699. This guy can even show you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses. Call right now to give this free guide an 8668485699. Or download it right now from their website legal exchange showed dot com. 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If -- -- and -- property manager rent collection can be very challenging especially if you own multiple properties leader bank has a program that can help you it's called Z deposit this is another free program which streamline the opening of tenant security deposit accounts -- totally digital experience with Z deposit landlords can open an account online invite tenants to enter their information and manage all their security deposits C deposit also automates many of the compliance headaches for landlords such as generating account disclosure forms and will even send annual interest payments directly to the tenants it's easy to get started just called -- deposit team at 7816418691. Z deposit is a free program to if you're a landlord or property owner called today and make it that much easier to collect and manage your security deposits that 7816418691. Or visit them online at C deposit dot net member FDIC leader bank a step ahead. It's 6 AM. You don't meet your horse. Doesn't matter my body knows the drill anyway as we do this every chance we get. Like cute Christmas he's going to be the window skis at the door hot cup of coffee in hand that you dream just in time for first tracks of them. Genuine delivered over five feet of snow and lute is wide open the the three mountain peaks tree skiing award winning terrain parks and New Hampshire holy super fight to save on tickets at moon MTN dot com slash tickets. I folks this is Mike Armstrong and I'm joined by estate planning attorney Todd lets you with your financial exchange quick tip of the day. Today we're talking about the differences between revote Kabul and your rebuild Kabul trusts have taught you what is the biggest difference between a revote Kabul verses and durable Coble trust. You know this is probably the most frequently asked questions that that I'd get here richer people just wanna know that and there are really a lot of differences but what I'm gonna do is just tell you what we're talking about the differences between a Medicaid irrevocable trust as folks there's so many kinds of irrevocable trusts out there I wanna be clear that this is those income only Medicaid. Irrevocable trusts that are designed to protect assets from the nursing home verses. Eight regal couple family type trust. The biggest difference between the two is that. Revote global trust will never protect assets from the nursing a five years ten years doesn't matter how long your assets are an. But with an irrevocable trust after the assets have been put in there for five years. Then they will be protected from the cost of long term care that's really the difference well it's fair to pay an attorney to draft I'll trust to revoke and I just go and have them change it to and you're vocal trust. So many people love to do that you could but know. You actually have to start over the language of the trust itself is key. In making it protected from the nursing homes so you can't just make the word re vocal irrevocable and the odds are not so easy but that's the big difference otherwise control wise I think you're still. About the same. Excellent while the estate planning expert to Christian and don't have written a brand new guys that answer the most common questions that you have about the differences between revote Kabul and irrevocable trusts you gonna press has brand new guide by calling 866848. 5699. However folks if you wanna download the guide today just as it legal exchange showed dot com. Once again if you want to guide paper though give us a call 866848569. You 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. Trivia question asks you which company was Ronald Reagan traveled spokes person for the correct answer was General Electric. Ronald Reagan was hired as the host of General Electric beater which was a popular series of weekly drama is sponsored by GE. Reagan tour GE plants sixteen weeks out of the year often making up to fourteen. Speeches per day loss. And when I first read this set up that said traveling salesman ago I didn't know that he had done that and a spokesperson makes more sense actually. The person with the right answer was Greg from nor doing Greg takes only fifty dollar gas card. In tribute today is brought to you by the Armstrong advisory group with markets still volatile now's a great time to review your portfolio so call 800. 393. 4001. Incident free no obligation consultation today that's 8039340. 01. So Walt Disney has less than a year to go before it finds itself and operating three separate video streaming services. Bob tiger offered fresh details on Tuesday this according to Wall Street Journal on how that new strategy will affect the world's largest entertainment. Company. Yeah and really they're they're spending a boatload of money right now just try to get this stuff set up they reported a loss of about a 130 million dollars 136 million dollars on that Disney pos servers for the quarter so that's the the streaming for Disney movies and shows that the trying to set up. And so. Really that in the thought for them to say look we're gonna have these three streaming platforms. Disney plus ESPN plus and who they're gonna have different content between the neo between all three of phone. And the goal is hey especially since we just spent all this money about 71 billion dollars to acquire you know all these assets for 21 century fox we're hoping that we can make that pay off at the end of the day. Revenues down when you look at your of the year is slight decline in round. They did they they did have some good numbers in in parts of their business so you know you you take a look at and you say OK so they had you know there's theme parks were doing decently. Butts you know it's it's still is a question of all of these streaming services I know every one in their grandmother wants to get in and start a business in that area then. There's only so many dollars to go round. And I just wonder if that many people are going to be able to pay enough money. Purely for Disney content. I'd I'd just don't know how many people. Are going to pay for just that stuff. Do you miss having cable television and not one bit so Woody's that you're used in PlayStation view so like I get a lot of the egg egg every cable station and I watched. Which is part of the reason why don't miss Indian local stations I get all for a local networks. And so it's just I eye in if you travel let's say you go up to New Hampshire can he take that with you know I can't well. It's only usable until usable ones zip code. Last name. One. His church traveling person. And I don't water on the Internet and watch and I don't I don't travel watch TV. And now that just nice to manage service study they think about how many listeners have a second home. And I'm just not interested in watching TV when I go with my travel trouble ghosts and I'm not I'm not traveling time understandably so to watch TV but they're people or you know. I think or you weren't home will travel. Sales and whatever their trade shows whatever and gentle don't have TV. Well I mean maybe they've cracked TV and they want it right watch what they're used to watch it gives you an example I signed up for whom prospering because he had the NHL playoffs him. And those commuting between house years on the Connecticut shore I guess. Don't use it when traveling I don't watch TV that you bet you we out here and when I don't you if you're going to travel why like why would you go somewhere just to watch the scene TV that you like if all you want to do was the saints defeated home don't travel. Again a lot of people trouble work right in their hotels have TVs. In which is on her every fifth have you ever been to a hotel that does not have a TV today bill. Yep that you Mano like the channel lineup on that. You know that that's literally what the cup court in the first place. Is to avoid that cable but the hotel offers that's all bets are it is usually sub par until sub optimal I just don't get it if you probably know when travels for TV. Let's talk about some would argue about. Historical mortgage rates from 1981. To 2019. And the impact this. Shockey you know a lot of people complain you Gately Tucker was complaining last fall when borders went over 5%. In 1985. Tucker when I bought my first home. Lovely wife and up mortgage rates averaged twelve point 96%. These in 1990. When I was transferred to Boston. My mortgage rates averaged ten point 3% I remember my first mortgage when I moved to Boston was nine and a half percent is that right nine and a half. Yeah you you've seen them pretty much ever since the days of Paul Walker when he raised rates over you know 18% back in 1981 nor to stem the inflation it'd been present for most of the seventies and you've seen rates pretty much gradually taking down some slight bumps up here and there now but it's been a long steady trend downward. Until the last year in and I think there's questions near go Fortis to. Pay lower rates over time has been something that's helped to support the housing industry over the last thirty years and can continue forever is you know are we able to just continue lowering rates to the point where Regan a negative rates and things like well in theory. If all the sudden you had massive inflation rate and do we proudly described massive inflation three plus 4% and yeah I'd say anything anything north of three and a half I would say is significant inflation and then also in their Fed's gonna raise rates. I don't think they can. I don't think they can afford to raise rates that much to think of the here's here's just live with the inflation. I think they're pretty much can do we do in the fifties repay the loan not a bad idea you let in wealth. It it depends who you are in terms of its not a you're old and retired yes history if you're on a fixed income inflation is the end of the but if you own a home. You're in pretty huge if you our NASA bats you have in stock in the job market is not necessary re evaluate you in the job market but for people on fixed incomes. It is the real challenge if you have any kind of meaningful inflation. Well I I don't know what's gonna happen but I can tell you the disparity in 1981. Tucker average mortgage rate was 17%. 199010. Point 3% in 2000. That's not that long ago 2000 the average mortgage rate was eight point 25%. Yep it's immediate it's hard to believe because you know you don't really realizable first of all too was almost twenty years ago we back up the second. It is easy and it doesn't seem like you put it like I was thinking about this the other day after it would I was watching some movie and I'm like Tijuana when this came out to 2000 it's. Eighteen years ago you know like in 2000 is almost twenty years ago now which. Wolf that that would wake you up yeah I'll tell you that much. Folks if you haven't started in a state plan yet now is the time the state an asset protection planning is critically important to those of you who were nearing retirement age. Or are already retired. Because with out a solid plan many problems can arise take the time to avoid that kind of issue by Colin Todd what's key partner with the law firm of Cushing and dole. Todd an expert in taxation and elder law and he can help you identify the right kind of planned for you were family. There are numerous kinds of trusts that are available. But to the most common are revoke ball and irrevocable trusts their major differences between the two so before you put pen to paper. Get some solid advice from someone who knows and can advise you on the best ways to put together your plan. Cushing and Dolan has a free guide out this month. On the differences. Between revote Kabul and irrevocable trusts and you get it by calling 8668. Story. 5699. This guy can even show you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses. Call right now to get the free guide 866. 8485699. That's 8668485699. Or download it right now the legal exchange show. Dot com. Tucker you've heard of the world cup of soccer ring yes I believe I have heard of that tonight right did you know that there is a world cup of biochemical. Research. Pretty fast and got to be saying to watch every two years on hundreds of scientists enter a global competition tackling a biological. Puzzle they called the protein folding problem. They try to like origami. These aid in this kind of is actually up and that is. They try to predict the three dimensional shape of proteins in the human body no one. Knows how to solve the problem even the winners only chip away at it. But a solution could streamline the way scientists create new medicines and fight diseases is all. In today's New York Times. What turns out they're using artificial intelligence to solve some of these problems. That they're they're trying to and in the reason wise because the shapes of these proteins fold themselves into. Affect the type of drugs and compounds that are able to affect those routines and so. What humans can do in a short period of time computers might be able to simply because of the type of processing and so forth. That they are able to use on giving example. Did either do you see about a month and a half maybe two months ago. There was a robot. That was able to defeat humans a 100% of the time playing rock paper says I did see that. Did you see how they did it now. So the way to the human being would think about it is OK if I can you know view this person's past trends and I'll be able to predict what's coming next. The robot doesn't do that though the cause the robot is able. Two through its artificial intelligence it takes pictures so rapidly of what's going on. They can identify what the human being is going to do before the human being actually doesn't win based on body so based on little micro movements in your hand as it comes out. It says oh when the human being does this this is what happens in it plays the winning hand before you have a chance to me. I didn't seem so that's the kind of thing that they're gonna be talking about with this it's not saying OG we can predicted based on past tendencies which would humans try to do. It's rather looking at this protein structure and saying gee based on this and what's going on here's what is actually going to happen should drive down costs of research. In time OK it's again this is assuming that it all works and who's who owns this. So the computer that they're talking about is a a computer called deep mines now which is an ai lab it's owned by Google's parent company. Alphabet. Noon everything they're getting Smart big deal and everything. Pretty much them if when you talk about elect like. You know these self driving cars the anything that requires a tremendous amount of intellect and this is what's happened the last twenty years they've recruited. The best scientists in the world they get the best nerds they do they get the best nerds in the world. And they pay. The stupid they they do pay I'll tell you that much coming up we're to talk about Glaxo. And Derek in to some kind of a deal with Merck in the world should take a look at United Airlines all of that more coming up on the financial exchange. Every child can the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio that. Work till with the loss of a loved one is hard enough when it's your spouse and you're not prepared for the overall damage can be severe this is Mike Armstrong and our shark advisor group has written a brand new guide to help you with your investment strategy in your overall financial well being in the case of the spouse's death there are several strategies that we suggest you consider including creating a spreadsheet of all assets pulling all wills and estate plans in compiling numerous documents such as life insurance policies mortgages and tax returns all of which will contain crucial information that can help you through this difficult time call right now at 803934001. That's 80393400. Wanna get your free guide today and I'm sure you'll be glad you did that number again is 803934001. Or download it right now and Armstrong advisory dot com. He suffered securities America incorporated members and SIPC and advisory services offer to securities America advisors incorporated Barry Armstrong represented a strong advisory group in 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 loss 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 an excess of 500000 dollars offers fixed or variable rates for both purchases and refinance us all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 44950. Subject current approval leader bank a step ahead. If you haven't started in the state plan yet now is the time the state and message protection claiming his critically important to those of you were nearing retirement age or are already retired. Because without a solid plan many problems can arise take the time to avoid that kind of issue by calling talk about ski a partner with the law firm of Cushing in Dolan Thomas an expert in taxation and elder law and he can help you identify the right kind of planned for your family there are numerous kinds of trusts that are available but two of the most common are rev a global and irrevocable trusts their major differences between material so before you put pen to paper get some solid advice from someone who know respect and advise you on the best way to put together your plan fishing in Dolan is a free guide on this month on the differences between -- a doable and irrevocable trusts and you can get it by calling 8668485699. This guy can even show you how it's possible to eliminate your state taxes while protecting your assets from creditors and long term care expenses. Call right now to give this free guide an 8668485699. Or downloaded right now from their website legal exchange showed done. Come 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 these 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 -- digitized paper checks hi this is chuck is not a we'd bank utilizes state of the art technology to offer convenient banking services to its 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 -- This is a special announcement for a landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent day with easy round leader banks all mine rent collection tool he went automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more we see rent your payments for each unit to receive regularly on the same day every moment tenants pay nothing in the first six months or free for all landlords visit WWW dug see rent dot net to learn more or call 7816418691. Security suffered through securities America income members finreg SIPC an advisory services arbiters securities America advisors think Barry 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. Like so smooth flying will be paying Merck. About four point two billion dollars to get access to a promising. Immune oncology treatment that drug makers see as the key to bringing the next wave of cancer therapies. Two patients is being released by Bloomberg News. Yeah and it's gonna be including an upfront payment of 300 million euros in that is going to be made to Merck by GlaxoSmithKline. And pretty much meanwhile apology for not familiar with the it's a sub field of oncology in that deals with trying to effectively train the body's immune system to fight cancer itself that's that's the the theory behind it. And so what they do is they. Really they train your body's cells to attack tumor cells that and that's the goal right and and and really the the promise up and it's working there's there's a couple of them that are already out there the biggest one so far is Merck's key Trudeau. And that is a targeted you know to specific type of cancer and so what they're trying to do here. Is figure out. You know ways to not only use the human body's immune system to. Target these cells but also apparently that would what this drug in particular they're going to be testing is is doing. Is it apparently blocks to molecules that cancer cells used to evade the immune systems are not just training the human body. To attack these cells but also going after the cells in diminishing their defenses of the bodies. Attacks are more efficient against the sells its immediately if it's straight out like scifi it is you know like it it's unbelievable the stuff that they're talking about now. It still is you know a ways from being able to be deployed in you know all different kinds of cancers but. Distraught as Tennessee needs immune therapies being used effectively today in a few different types of cancers and now the fun of my use saved easily yeah it's it's it's pretty remarkable where we are now. And it's not to say that we know we have a PO universal cure for cancer on the doorstep. But we're making strides in the last five years that. Our pretty remarkable as far as some of the treatments that you're seeing in the rates of success scene with the last time he deadly. Disease in took you know more than. 45 minute flight. January. When Politico. October. If the seats are just. So small. Pencil in computers are deemed it's really ridiculous that especially for those of us rules member would like to why. Forty years you were you at that prime rib that they were cutting and you and everything is some more free. Year free ones Indian hills it was never really good news but it was at least Baker's seat. Now it's just unbelievable I was airplane food is just gives you something to do for a little while. A friend of mine I told him who he said he travels he says never ever eat the food on an. Don't do. Enjoy it that you feel better when news and you don't get that if you eat food like the bullets if your body can't digest properly when your back for her right. Now you're but he also said your whole GI tract gets messed up right isn't like that it's wide flatulence is a problem play. If Hillary is the Dorado or insulated it's a real thing on a far off. It's but it's yeah I mean you're uber audiences. Used to. They aren't skies not a normal thing to do you know United Airlines has seen a big increase. In terms of the demand for bigger seats. And in people being willing to pay for their Justin planes according. Yet they're adding more first class seats and also adding more all business class seats on their international flights in particular some of theirs does the 760 sevens at the use on the international flights and they're increasing the number of business class seats from thirty to 46. They're getting rid of almost a hundred economy seats in order to do so now now these business class seats are we more expensive and economy yet has he ever look at that different it's like five times X is its between you know five depending on the route and so. You know the thought is okay if we're getting rid of X number of seats were getting rid of -- ninety economy season where adding you know sixteen business class yet we've got to charge five times as much in order to make the difference I ache some people in the U fly to Australia New Zealand are suppose it's seventeen hours I don't know if you can Amy don't want those flights. But I could pay to go on one. I've been granted an accurate money talks that I don't wanna take that that that lady with that I couldn't. They just need it the change seems to be you know people. Art at hat with the small planes there the small seats I I I just can't take it and I'm only my flights are usually like two or three hours. When I go to Phoenix and it's a 56 hour flight in yours and one of the surging McCants is off it I just you don't feel good for duties. No and and in what would gets me also. Beyond that it is if you have to. If it's kind of late getting in to ski boots hit the analogy I make if you get an at the beginning of the day in ski all day it's great. Once you're out you don't wanna get back in any time have to change a plane. It's like OK getting out of this one and now getting into another small wood just makes that much worse to get an act problem may have worsened dollars isn't it in the other thing I'm five foot seven on a good Dayton I don't know how people who are six to fly to. Looking again a 65 at least to me I've I don't know how they do that it says they they can't sit in the standard tee my father lost 67 he's got a bomb name itself. In struggles in a feral problem for him and play now Toyota's. The Dow is down 31 points the S&P is down six points of nasdaq's off 22. Price of oil is up 47 cents a barrel to 5413. In the ten year treasury note yield is two point 69%. It's very sharp and Tucker signing off for today will be back tomorrow with a another edition. Of the financials.