Feb 8, 2019|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the very Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day your city your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Well we're getting close to wrapping up the first full week in February here and as we I had towards the weekend. Market start to feel. But I literally put the don't who don't live jittery the markets don't want to go walk today. We've got the Dow off about a 188 points right now yes and he is off as well NASDAQ also in negative territory chuck and Mike here today doctors behind the board as well. And I think it makes sense that can talk about when the key shifts that we've seen. In terms of the story with regards to the US and China. In the game of chicken they've been playing for the last. No fifteen months or so twelve months twelve months. And that is you know the trade negotiations that are going on the at this point yesterday on the show now on the show would during the show rather Larry Kudlow. Senior economic advise president hopes pocket that was a little loud and thank you Larry. And then he came out and said that there are still had to deal of distance between the two sides coming to a deal. A little bit after that we got a report that president trump the president you were unlikely to meet before the march march 1. Expiration of the tree truce. And an early this morning we got a report from the Wall Street Journal suggesting. That there has yet to be a draft document put together between the US Johnson a team to put to writing. In draft this. Rank and there's only three weeks into the dead able we are. I think it's framing out for one of two things either we are going to have. New tariffs snapping in or we're going to have to. It doesn't seem like anything has the possibility of getting them by march 1 to do you get this sense it in. I don't just to give you an idea. As to what markets are expecting out of it like I can't really get a sense as to whether they're looking in saying that he would delay is more likely or implementation of tariffs. I I feel like. If if we continue to get up towards that deadline things are gonna get a little bit worse until we get a delay potentially. So I I I guess at Ed just that a whole lot not really said anything well. I've read kind of form your blogger in to a question here which is I think the markets are not quite factoring in. The failure of something that doesn't feel like in this if it feels like the markets are saying hey this fight India delay they're betting on a delay more than they are increased airs at this. And in two to be clear. The increase in tariffs that would occur would be the ones that were originally scheduled to occur at the end of the year. Which should be an increase in the tariff rate from 10% to 25%. To do another 200 billion tariffs. I can't do the math in my head right now like I can't remember exactly what ones. It sounds right I don't know to be completely honest turf and so the big thing is tape becomes much more difficult to export to China. As a result China would likely Levy some additional tariffs against the United States and also. Could you play around those things such as its currency and so forth in order. To try to new strike back at the United States but. You know for the how did that the eight weeks from early December. Through late January. That the dominant theme when it came to trade talks was optimism. Now we're getting into the pessimism side to things. And so I think it it's really important to to note a couple different things you want one thing that I've been focused on just kind of internally over the last. Few weeks is is making sure that you know at is I go about kind of just looking at this market from an investor's perspective. It's it's realizing that different investors. Have different time horizons different goals for for doing things and so if you're short term investor the fact that things have been so optimistic for the last eight weeks. Suggest that hey if you have short term needs. It's probably a pretty good time to start make sure your money out of the market to satisfy the short term needs. On the other hand if you're long term investor and you're not touching money for 6121520. Years. Trying to play the game should they get in or get out to be really dangerous to you because let's say that tomorrow there's a resolution on this. Peter short term need and you miss out on a little bit gain in the short term he would ever be deal. If you are long term investor you pulled out and you're waiting to get back in. You're potentially missing out on all types of gains people out of the Smart. The day when I was actually telling people the other day is that you what makes me a lot more nervous than the nearly 20% drop we saw on the fourth quarter of last year is that 9% increase that we saw just the month Jamestown rapid yeah that may mean a lot of or nervous in the big drops that we so volatility. Either direction doesn't typically bold well towards long term stability right now it's it's it's just it it's something that does make you nervous I feel kind of the same way and it's not that I expect the bottom necessarily fallout of things but. I will get you know the economic data that we've gotten over the last month. It's gotten. Her anyway now you know it's your you're a little bit there was a week of data from the US last week where there're couple things that did look decent yet a good I. What was today. Good manufacturing report that came out yet it decent New York fed reports it's OK maybe there's a couple signs of life here. But in general it's been you know the international picture continues to deteriorate a particular in Europe we're seeing some real issues over there are moments. But you know it's not like that date is gotten 9% federal fraud think the big thing. Earnings guidance has been a little bit firmer than people expected. A little a little a little bit yeah you know that there there were some companies that came out and part of it also some companies did the damage in the fourth quarter and it was an apple came out. Prior to the new year and said hey our earnings for the quarter gonna be garbage and they got ahead of it and so their stock is rallied on the back end of it. I see the real difference being the commentary that. I think that's really I do answer and they've said we're gonna backstop so. Are we gonna make predictions here we got three weeks until the trade deadline. Deadline for division I division as it has all the trade deadline it technically is security is trade deadline so I guess definitely we've we've got the the NBA intraday trade deadline just passed yesterday now we've got these guys yesterday that. I'm saying that delay. Tier implementation I don't think anything gets done and I don't think they snap tears in March 1 guessing along the delays well. Well that's all right I. Three month elect McHale to sixty days. So you're saying delay to you're not an isolated saying no tariffs sentimental human collector looked elect and got to may first so that's where I stand at the moment so while welcome back to trade him SharePoint times next couple weeks to unfortunate trust me it's going to be like every headline that he gives you. I'm I'm still waiting for CNBC to come out with there but it's going to be you know apocalypse countdown or something like that for you know that deadline expire in them. I'm surprised they don't have it up yet relatives were three weeks out but I was this time I would guess either next week the week after. It's going to be one of those little takers you know kind of like 24 where it's. You know a year just. Don't condone them. For the record every of people yelling at me are you you don't want them to be hard on China I I think that there's going to be a delay I don't want their to be a delay. But I think there will and in civil and locked in as long as your here in you've gone through the economic pain it's being inflicted by this conflict. You might as well get a big old deal out of it maybe this could be a poll question today who would you want to do it your listeners what you wanna do. May be. Haven't. It has guy's side there could be a trade deal. That's what what do they what do what do you think happens between the US and China by the end of this year trade deal completed. Trade no trade deal about your year but it is earmarks and this is a country deal completed aka Doby the first option yet the second option will be tariffs increase in trade deal not completed our and the third option will be delayed. Ian implementation of clean the tires so let's go to court and that up. And it up and then once it's on they'd go to financial exchange showed dot com to cast your vote that don't go there right now because it's it's yesterday apple but eventually we're gonna get the new one up there. This story broke it was about. 6 PM last night with a post. On medium by Amazon's CEO Jeff Bezos talent viral into order and end man I'll tell pretty quickly to did you guys read this by the way that. Detailed. I mean why like I would lose like this this the kind of being aware. I just don't see this ending particularly well for the national inquire of him out as a yeah this this is a how. I think it's a par this reminds me of either of you watch any of the Batman movies with boundaries from old. Personal that he did of course it kind of reminds me of I think it's the third one where one of the accountants and Bruce Wayne's company. Is trying to blackmail them and Morgan Freeman's character just goes yeah you think that your boss is a superhero running around killing people and hurting people tonight and he's also the most powerful man in the city in your idea is to blackmail him out knows I was Reese yeah that's kind of what I feel like Jeff Bezos just did is like so you'd think that you're gonna blackmail me. Here you go with pictures of naked naked pictures of naked pictures yeah let's go to these tried male with naked pictures of himself gap like that's gonna work. Now and so. What does he can jump out so this but I think yeah I think they think they're operating in the 1960s were that would have been a big deal and it's now or in nineteen the key players. So this is going to would get pretty aggressive I would imagine over the next couple months I think there's going to be significant escalation what I do think it's going to happen. I think this is the the breaking of the damned is that I would imagine this is not the first time. That MI the publisher of the national buyers on this. I wouldn't be surprised you see similar stories coming out in the near future and reading the I wish I had some sort of the expertise because I'm reading this email and I can't tell if there's anything that they've done here that is. Legally speaking blackmail and no idea at its variants seem yeah if as looks terrible from a PR perspective minister and constantly it's just very unseemly soap will continue to keep updated on that as well. Let's take a break when we come back we're gonna talk about how seniors has new. Life after a bankruptcy judge. Proves a deal to keep them afloat that's coming up right after this break. Tony this very good charts graphs and numbers all day and just listen to us it's the financial exchange with Barry Armstrong and chuck sun 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 at Armstrong advisory dot com. He suffered securities America incorporated members and as a PC 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 loss in your state. 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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 in the 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 in under rate small business loans in house. Andy to 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 rexrodt as world tremendously them as just wanted one of many examples in what they're landscaper or. Factional services unit 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. Security suffered through securities America ain't member Sandra SIPC and advisory services arbiters securities America advisors think Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated we have part of the financial exchange it'll stay. By texting us and 63566. Starter tell extra keyword Barry. And become a member of our brand new text club tell us what you think 24/7. Break here on the financial exchange radio network. Something. Tucker we have our new poll question up on the website call it's up to the poll question is now up on financial exchange of dot com you can head over there and check it out. And yes it did just three votes the question is do you think if trade deal between the US and China will be struck by the end of the month. Three options yes that you'll be struck to new deal and three no there will be in another delay. And so I'm voting on a delay at this point addicts can had financial exchange showed dot com invoked and also Texas at 63566. If you have any specific thoughts on what is going on. With the US China trade deal. Here's what we know is going on between this year's and its creditors at this point. Here's one a hearing aid through a bankruptcy court chew except the bit of Eddie Lampard that five point two billion dollar offer to try to keep company of votes Sears. Stay in business correct I didn't think this is gonna happen but what they did I haven't seen the details on the deal they struck but they struck a deal stick and Lampard struck a deal. With the PBGC and they withdrew their complaint. So I don't know what deal they struck a confined any details on what. Actually the terms were but once they withdrew their complaint I think that's what really pushed the judged allow this to go through. So 425 stores approximately 45000 jobs. I still wonder if you're making a deal to save the current employees at the price of the former employees who get pension. Now this also. Is not doing anything to stem the tide against yours for the long I think I think is a pretty good chance that we are right back here. See with in three years. You know somewhere in that ballpark so. You know that's but that's a really so you have 99000. Pensioners that's summit he'll participate in the Sears and Kmart pensions. And see your push into this deal to save 45000 jobs but I think you're doing so at the risk of 99000 pensioners. What's really at the risk kids it's just look the PBGC is eventually going to pick this up which means that you Meehan talker eventually gonna pick this up because they're going to need more money is the PBGC does have enough money. At this point so. It's you know Sears is going to stay open the gonna keep 425. Stores open 45000. Jobs. I wouldn't be surprised we start hearing about more store closures. Within nine months away and you know it could even be sooner than that to be honest. But so Eddie Lampard deal to buy Sears approved here Tucker I believe I had a prediction on this one that there's still going to be around a year from now dead. So I'll put that I hear from one. January it was like a month ago aka somewhere in the ballpark so clocks ticking startle a better public and good at this point. A headline from CNBC is Americans are starting to feel about feel better about buying homes soared though. Yeah I mean better today it means that just 15%. People think that now is a good time to my home which is an increase month over month which is a good thing. Let you know that that's not terribly high percentage. Who did this survey was that Fannie Mae. Core logic. Cures to fine we here this. I'd be accused find this survey data historically and looked around for that couldn't find it yet and the reason why I am just curious if this core relates to. When it's actually good time by home and that when most people think it's bad maybe it's actually good time. You know like I think about back to a 120112012. I don't know a lot terrible figured it was a good time to buy a home and write but it turned out to be darned good timely if you were able to buy in at those times then so. I look at this and I just I wish I had more information because obviously it's still as a relatively low number of people that think you know to return to buy a house. I just wish I historical data on this compared to me we can definitely say that generally speaking bad feeling about the stock market with the average investor tends to be wrong that that data oftentimes it is incorrect about when people think that the stock market is overpriced current price so. Talking to that you can put your home searched on on hold just because obviously at the near the bay becoming an effort in Vegas and hands will just a little especially this week yeah. That not a not a good week. Odd knowing he Ben's gone through a little bit and via growth spurt right now were in constant attention all the so with an IQ notice crawl back when everybody but I went I went to that and my. Sixteen. He's a there ego that this is why continue to remain childless Lois is saying it's actually higher she's she's pointing it means it's more like what Torre to. Now let's appearance privately there insults can last point your goal that's an okay let's just over anyway. But so what what's what's your planned for kind of the spring you can start poking around again then. I mean will discounted taken advantage on its side on Stephen Moore and obviously priorities. Witnessed it ready to go for life and everything that slow so yeah it's definitely taken a backseat to step into convexity we're very fork in a very fortunate situation right now. With the in laws so you know we're just gonna you know keep and I haven't really not a forces. Ford seeking a billion dollars in two while plants in the Chicago area to try to expand production of the new Ford Explorer and Lincoln. They're gonna have to do if their you know pretty much eliminating every other kind of car that they're making other than the explorer and the the F series but together they're going to be adding another 500 jobs that Chicago area assembly plants this is all part of their plan by you know this is a nice headline for Ford but it is all part of their eleven billion dollar restructuring plan. Which is overall going to be reducing the work. Force in by the way as they are getting rid of via the stands and so forth the suvs are actually more a bigger lineup and I realized to be honest escaped edge. They've they've got the export to get the expedition which is the biggest and they have the blacks which I don't really know where that fits is that when it's huge for caterers and stuff no it so I thought that's what he was the edge not a flax. It's like it's it's like a full size he kind of just looks like a big box. By Dahlia. It's kind of like a boxy midsize this year VS they got that in the they also well above eco sport which is really small one. The kind of goes up against like the hunt each RV and things like that so they've got six suvs there. And then you've got the big lake utility and is the transit connect that's what on now that the transit connect in the transit. Are there big ones there. And then obviously they got you know decent sized via. Truck line up as well you know the whole apps year's super duty and in on down the road but this can add 500 jobs to fort Chicago area assembly plant. That's about a seven sorry about an 8% increase actually. In particular they're also building a new body shop and heat shop at these assembly plants. And so it looks like it's going to be some good jobs coming into that Chicago area this man. Simple without cutting thousands of jobs in Europe and adding some in the Chicago area or straight to it's it's just kind of the way in I'll tell you there's Euro auto sales numbers. Different hot quite frankly quite proud garbage auto sales numbers pretty much everywhere in the world right now and if you talk about bad ones China right now is going through the first year over year contraction in auto sales. In the last like fifteen years or something like that. Yet China slid it back but it's like gates is not particularly good there. At the moment. Let's take a break when we come back we've got Wall Street watching also talk about a local company reporting earnings that's right Hasbro the big toy maker of data. Let you know when we come back. Life goes on FaceBook. I was on Twitter. Show breaking business news is always first right here on the financial exchange radio network. 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He suffered two securities America incorporated members and SIPC and advisory services officer securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the loss in your state. Hi everyone I'm doctor Timothy Gallagher founder of Gallagher chiropractic and medical moments and I would like to talk to you about an. Important educational seminar about a breakthrough treatment option for arthritis coming up at the throw club in Concord do you find yourself unable to do the activities that you once enjoyed your defeating because you've been diagnosed with arthritis being unhappy about your doctor's recommendations of drugs or surgery. Well we have a solution for you stem cell therapy. 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In New England to dedicated loan officer will work with the at every step of the way. And their local decision making means faster closing. All right now for more information 8776917900. Or visit them online leader bank dot com member FDIC. Mike couple stocks to talk about today must first start with Hanesbrands they were up. Read this right 1% yesterday. Down about four today is it just some consolidation or something else going on today and they. Reported slightly better than expected me they are still very much struggling with fair to call their underwear but underwear socks this is really not doing much for them they're really having a tough time differentiating. Where they do seem to be seen seeing some growth is on the active Wear brand so they don't champion rents for instance that's history selling pretty well they're seeing some growth there. And their guidance for Torre nineteen didn't see any huge growth but you know modest growth and that's really what investors are looking for the also managed to pay down about 403 million dollars in debt. During the tour event down a three point eight deal in which was also helpful let's get geared down 10% no more flat tires and nobody's buying cars like we just mentioned so they are really having a very difficult time keeping up in international markets particularly China India do not seem to be buying me tires and it makes sense here we look at these auto sales numbers there are just tanking and just you know less new cars at their less need for new tires and less miles driven does not seem to be good this company right now. The car store misty Peter if you wanna hear. Story in the car story aka so I'm I'm coming back from one of our offices yesterday. And it you know it's kind of rainy it's not not particularly nice out in as I play the parking lot and is that something kind of flies off my my windshield tear. No we don't like a little like these papers and Alex and the public flier there to open you know. Get home you know it's like 730 or so just because like it was you know late day was meeting my wife for dinners I go and Newt drive to where is meeting your for dinner announcements and on abstinence kind of witnessed the bar she comes in should they take you get into a car accident like. She's like you get into a partisan like. Know what he's talking about come out. And I guess someone had just black the back corner of my car or and saw a note so I think the thing that flew off was the no. And now I can't get it to know who took whole ball to about the fact they whacked McCardell bumper bumpers like dented in now they'd elect its its good to know that Samie leaves a note yet so I feel good similar note. Pain and and see what's it like pouring rain yesterday it wasn't like this thing was like vanish like I just a while Michael Jackson was to put a flyer on news weather something Glenn yes it does begin in the back left corner my card I gotta get out now that Julio gives. I go outside to look at him like. The gotten a car accident. In lake and go through like I I go to my hold them at even back up yesterday so that would in the back in any idea that someone he left a note and I just didn't realize that was on the carcass was dark out I just didn't see music that maybe that console. Listening as we speak that kind of sex Jack so if they are text is at 63566. And in my car it is let me know if you got my card yesterday it would it would be great to not because it was just it was sitting in the parking lot and it looks good and now it doesn't appreciate the note. Texas 63566. If you get my car yesterday. Had a good car story. I thought it was an accident that was pretty good has broad the yacht parked pocket based toy company. They were down 9% in premarket trading taking a quick look at them today right now actually only down about 5% they've rallied a little bit. But what's big reason for the decline is all the toys arrest liquidation are there other factors. As well Spezza that that's what they're pointing that they're saying hey look the Toys 'R' Us liquidations really hurt us for the sales of you know ever monopoly the near his won their big brands. As well as. They have a lot of the and they did do a lot of sales for Disney movies Tuesday Star Wars. Frozen brands that just aren't selling because there weren't any new movies recently. Clearly on the go. Nice. And on the other hand though their main competitor Hasbro's main competitors Mattel. That's stock is up 22%. That says. Tale to toy companies the FA EU have this company that they'd do the same thing I mean OK so Hasbro has monopoly in their from Mattel. Student Mattel has scrabble Barbie and you know lay these are very similar competitive products. In one comes up 2.2 percent of the went down 4% Mattel reported earnings too and had nothing to say about Toys 'R' Us and. What I find particularly interesting about this if you look at these companies over the last five years. They've moved in opposite directions and I did they have Hasbro's kind of big cranking along for the last five years worth Mattel is that all kinds of questions about the products they haven't and whether or not they're going. To be honest to be able to survive what they went to a few quarters on profitability I now regret so you know for Hasbro. I look at business okay like that there's a miss that's going on here and I don't know if they were just too heavily allocated towards Toys 'R' Us or what it is. But I also think with some other licensing you know you you mention they've got pros they've got Star Wars yet. Talked to correct does that feel like there's a little bit of Star Wars fatigue out there did you find. I mean while we at the point of via the solo movies just like our rights. We did it it just it feels like there's a little fatigue there and so while I know that's like better health. I think Israel questions on that for Disney. Now they've paid out what might happen now I think they're gonna be just fine because they still love this marvel universe that just prints money yeah I mean like literally prints money that they've done. I think period either 2222. Superhero films now our. And it did not showing any sign of slow down you know it's it's like no one is sick of those like even. I went to see one last and as technology is pretty good actually it is like you don't normally see in annually in pretty good so. You know. The Disney will be OK but I do have questions about that Star Wars franchise. I mean I don't think this is the case but I worry off of this earnings report if Hasbro built their profits off of two as the rest of the last five years. I don't think they did tonight. You look at its earnings report and you have their main competitor saying to his arrest really didn't impact our sales and them saying you know treasurer's really hurt our sales. I hope that this company continues succeed without treacherous out there. Yeah I mean that Palau yesterday interest really turned a lot of fans off. Well and here's the thing with Star Wars to be honest in this is not a has broached this at Disney issue. I think part of the reason that that first new move you'll what was the first new. The the watch on the force awakens. The first new on the first approached it was the force awakens. I think part of the reason was just there'd been no good Star Wars movies for thirty years boy yeah. There'll be regional actors in his while an I just kind of look at it from like supply and demand perspective he had this huge demand for anything that was just a capable start worst product yeah. And so you can heal these people go and in. When you didn't start just every year happening. Mediocre to. Produce slightly above average movies do you keep it to a billion dollars on the Mikey you've got you've gotten. It just looks like a money with which it is. You know with what is real motives we see some sort of effort to. You know towards a story is exactly so I've I've got questions on Star Wars there but we'll save those for for another day right now. United Airlines talking about pulling away from Expedia and it's a contract dispute to used to be big Expedia. I remember the last time I went there. Now I've never used Expedia now. So I will use Google flights actually I I do now and Obama is it is the past better than pretty much anything out there making these you know did a lot of people book flights through these third party operators and Expedia which also owns orbits you know does have a lot of loyal customers. This does happen jetBlue did a few years ago when they had to pull the flights from Expedia I believe is expedient it publicly and just who went back I believe. They did DSL away it's just a contract disputes the same thing yeah when you we lose that TV channel. On Verizon. Or yeah it will Basilan related fourth so that's a get worked out of the time being. It's quite possibly can't book any united flights on XP year orbits which would be of little bit disruptive do you think that's. A walk bigger loss for you know aided or for Expedia. I would say Expedia yeah I think you know if if you're someone who flies united allot. You're still gonna play you probably don't the united website to fly anyway if you or someone who just books every now and then. If you go on expedient and those flights are listed unit got a lot of flights in the United States I mean they're huge. And especially if you're trying to go east to west there's a ton of connections through either Chicago or I believe Dallas is their of these either Dallas or Houston I forget which. And so. I look at it and I think it's a bigger loss for Expedia because it makes their platform will. The platform does have some. So you know those aggregators rely on a week we need you know data and we need Brit you know options coming in in order for it to look like we have a lot. They don't have it I think it hurts them so I do wonder if by this is just as you mentioned similar to. You know cable negotiations. Something to get resolved before a deadline hits but it's. Right now it's they would probably have a bigger impact on Expedia. Then unite. Let's take a break right now when we come back we're going to be talking about. How apple put together a patch for the facetime bug delighted to listen anyone's conversation even if they hadn't picked up the phone that's coming up right after this. Does it in stunt to you know your portfolio peaks. The financial exchange with Barry Armstrong in jokes done well on the financial exchange radio network if -- -- started in the state plan -- now is the time the state and -- protection claiming his critically important to those -- 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 by -- talk about -- a partner with the law -- of -- in Dolan -- an expert -- 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 -- -- a -- and irrevocable -- there -- major differences between material so before you put pen -- -- get some solid advice from someone -- know respect and advise you on the best way to put together your -- fishing -- -- -- a free -- out this month on the differences between -- a -- lender -- 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 get this free guide an 8668485699. Or download it right now from their website legal exchange showed dot com. -- 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 and Armstrong advisory dot com. He suffered two securities America incorporated members and SIPC and advisory services offered 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. That speaks theory a great family friendly mountain when something for everyone including day and night skiing snowboarding snow tubing aired a special pop. Pay one price program on Saturday night's head 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 nights in areas and all of northern new England and is one of New Hampshire most accessible to learn to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak. For the latest info go to pats peak dot com that's pats peak got a job. Pats peak ski area and had occurred near. Hampshire thing. That's speaks other earning 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 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 music faster closing we're bank is the number one purchase -- 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 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 does John. Vote your conscience. There aren't just vote. Go to financial exchange oh does come in castaway. Get news that yesterday apple off finally released a patch for the facetime bug bit allowed you. To call yourself on a group facetime yet someone else on and then listen into what their phone was hearing without their consent or even knowledge looks and pretty much the reason the details agrees that they figured this out was I guess that some fourteen year old from Arizona. Found this blog by mistake when Agassi added himself to a group facetime incas hear his friends despite the fact that they had not yet picked up. So they're Pam yet they're gonna pay and so they've grant Thompson he's a freshman at two sons Catalina foothills high school. And how to. Pain and data and sing it and their payment they're all gonna make some contributions to education so I would have trap I promised them a job or feel good story now. What I mean I would imagine like something like this like this it's it's it's not. A security bug in that you know it's not vote your personal information is not being released this is not only critic parcel security the security about what it is one in that look it's a significant privacy issue for apple which they value highly they value highly. I would hope OK and again that this is my hope based on you know how significant this bug is. I would hope that he gets six figures on this. Just papers and higher education. I would promised him an entry level job but apple is acting as India and what you don't know if he's gonna be good play began to truly accidentally found a block by mistake by and play an important night. Cell IQ is doing coding and came across this like crazy about it and got a job an intern ship like what's his job and be play fort night and look for bugs and a discrete. Think computer bugs not like cockroaches yeah. I ran they have a whole bug again program at an apple I figured you know somewhere in the ballpark of 15200000. Dollars feels about right for this you know like okay take care of you know pretty much is college education. And and that's called a day here's some good news for him on the. Absolutely. Folks losing a family member can be traumatic experience especially if you're not prepared. This is Mike Armstrong from the are sure advisor group in preparing for the loss of your spouse is awful to deal with the if you don't your finances could be severely affected I've got a brand new guide out this month designed to help you avoid unnecessary risks. Associated pitfalls that can arise when your spouse passes. We recommend several strategies for you do employed there'll educate you on how to best deals it's unfortunate circumstance. Calls right now 80393. 4001. Again that's 803934001. And get your free guide today. Make sure that your affairs or in order call 803934001. For your free guide or download it right now and Armstrong advisory dot com. Securities offered to securities America incorporated member finreg SIPC and advisory services are printer securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. Amazon investing in a driver was car startup because hey everyone's doing it these days. This this does make sense for an as far as looked I don't think have you either you heard of them doing anything on the driver aside to this point he added. Not really a driver list but they did have a small little robot out in Seattle I think I'll remember that if I don't robot and didn't get beat up I think probably eight irresistible sidewalk robot they would drive a year door. Pocket pack some product to get to get you though. Does so adorable lows of times if that's what headlights and adorable robot. No I don't I thought that they had one. As you know the big thing I was thinking of was Google had a problem with their self driving cars where in some of the seas they were testing and people were attacking them because there is too late they're just like in the good you know oh is gonna get rid of view of human jobs let's. Attacked as one of the funny ones that I saw was and the self driving cars. There's there's one out in Arizona it's testing just package delivery and there's no paddles no move try and address steering wheel nothing. No windows sounds. But it has to have a side view Mears in order to drive players that are it's by regulations that's exactly mirrors. If the credit if there's a there's another great video by the way if anyone gets a chance to go to YouTube. The two of you familiar with Boston dynamics that wants to make those crazy robot that power about everything now Ike they have the dog one and having a person one's really open doors terrified. So they have there's a great YouTube video up there it's titled every time Boston dynamics is abused a robot. And it's pretty much like them putting robots in situations where they failed like fall over and stuff like that and it's just really good but I digress back to the Amazon investment here. So it dead values Arora innovation that more than two billion dollars this is a 530 million dollar fundraising round. Led by Sequoia Capital and yeah this makes perfect sense for Amazon even if these don't even get on to the streets. Just you know forklifts and things like that they could use within their massive warehouse is would be incredibly costs it. Well on and you'll be in Amazon's already used a whole bunch robotics in their warehouse as you mentioned with that I keep the systems. Based rate a pin it's somewhere in the upper part of masters I can't remember where he had maybe Burlington Earl looked in Bedford somewhere in that range I think. But so you know Amazon obviously his interest in what I find interesting about how Amazon is deployed robotics in their warehouses. I think it's the right way to do in that it's not to replace human beings says is to make them more productive and for all the criticism that I think you can give to Amazon about its working conditions in its warehouses a lot of which I think is justified by the way I think that you know it's it they're really tough jobs and I still don't think they're paying off. They are continuing to rely on human beings and supplementing them with robotics to make them more productive. So here's a question for at Amazon rolled doubts this year Ridley and Tony eighteen that new program where you can start your own company delivering packages for Amazon. Yes another wanna put you out of business with robots right it does it seem like the only reason they did that instead of just you know building and out themselves as they cynicism is infection exist for five years before which replace. And the other thing that bear mentions on that I tend to agree with now is they don't wanna get into unions and so by having it be a neo. They're young group of hundreds of companies that do local delivery as opposed to Amazon delivery drivers it helps them keep unions back. And maybe that yeah maybe I'm just being too pessimistic here Bentley. Can totally see him doing OK we don't start up all these tiny small business and we gave you loans for cars and now by the way. Robots are going to be delivering packed as we don't need anymore. That's it so evils I don't even know I can get that cynical and I'm usually pretty. Pretty dark but I mean I I made it I do really dark place that does happen Amazon there India site is restock after they cut their stay in their joint venture in order to bring in line with new regulations that prevent. Foreign owned companies from stocking shelves with their own goods Yasser it sounds to me a program this recede law that really seemed to just target. The Amazon's new world and the concern was hey you guys do this all the time. You allow third party sellers selling your site and then you learn how to make the product and then just undercut him and put that business as they want to stop that. And so it seems like it's somewhat worked in this case is Amazon has mainly divested of those companies that they operate there but. I'm not sure that it's really prevent this. Know if it's it really is unclear just because there's enough ways to kind of move things around through shell companies and right for ownership structures and things like that so I think it. How does it temper previously mentioned that I don't know that fixes the problem for the long them. What is all our time for this hour of the financial exchange markets day in negative territory right now the Dow was off 240 points the SP off nineteen NASDAQ off 43. We're back in a little bit with more financial exchange. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans that some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing call lead 776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. 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 two things rentals lessons it's an entertainment that's because one of the largest nights in areas and all of northern new England and one of New Hampshire most accessible to learn to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak. The latest info go to pats peak dot com that's pats peak got a job. Pats peak ski area and had appeared 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 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 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. And get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC's equal housing lender ML customer for Portland to try zero are subject to credit approval leader bank a step ahead. The money matters radio network WB and W 11:20 AM and W 275 CM FM in Boston the money matters radio network. This is chuck and Mike from the financial exchange in Riyadh today to talk about the new guide that we're giving away this month it's titled how to prepare for a spouse's passing Mike and fortunately this is a topic ever when 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 if I have a 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 lots. 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 real warrior 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 it Armstrong advisory dot com. Securities offered to securities America incorporated member of similar SIPC and advisory services offered through securities America advisors incorporated Barry Armstrong represented their 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 laws in your state. 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It's pretty hard to find a bank that -- checking and savings account that can provide a decent return and if you're in the market for one I've got to deal that you're gonna wanna check out tie this is Barry Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks 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 about all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great -- it's time to call leader bank at 8776917900. In addition you'll receive a free information packet featuring a guide to Zuma businesses that number again is 8776917900. Or visit them online at leader bank dot com. A deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings would have to change without notice leader bank a step ahead member of the icy. And me. This is the financial exchange with the Barry Armstrong and jokes are. You're exclusive look at business and financial news affecting your day your city your own. World stay informed and today about economic and market trends plus breaking business news yeah. And now the financial exchange with Mario Armstrong and chunks. Well it's Friday on the financial exchange and Mike in Berry decided to unlike you here I've made it any minute now classic at your coffee ready. Catch and eat five or six coffins to get through you know this part of the show started just let me have. And it Tucker's is still with us for two hours every stroke you know mode most people go into. A cage with two animals. We need some kind of defense some sort of stimulus you know something to keep them alert and alive cells look again chuck Mike and soccer here. And markets continue to be in sell off mode at the moment the day after markets were down about 1%. Across the board. We're continuing to see a sell off and all the major US indices. Taking a quick look around right now the Dow was off 268 points the NASDAQ off 22. I'm sorry that S&P off 22 and the NASDAQ off 51 points at the moment the big is that we got yesterday Mike some concern start to build on the US China true. Read front yeah they are so we've got three weeks before the march 1 deadline. And Larry Kudlow in particular came out and said there's a pretty long way to go before things get done here there'd been. Thank you there'd been a anonymous source saying that you know really nothing has been dealt with and that trump and she are not going to meet for the deadlines so. At this point in time it's looking in markets are starting to react to the fact that we are probably not going to trade deal done by march 1. The only question that remains is there a delay of the trade deal or is there just a increasing the terrorist. And the good news is that that is our poll question of the day up right now with financial exchange show dot com you can head over there invoked in that poll. Do you think a trade deal between the US and China will be struck by the end of the month the answers are yes no or no but there will be another delay and so Tucker what kind of results are we seeing at this. Point yet the majority of our listeners 86%. Say no there will be another delay however. I'm regards to the trade deal and only 9% say yes. And you'll distract and no deal whatsoever at four and a half percent I mean the market today seems to be leaning towards the no deal. I would say that's true and what happens if there is no deal what happens to the market market today I think is at least saying hey we don't think. A deal is getting done I don't think it's pricing in that there won't be an extension. And in the reason why is because here's the deal. If you have no deal but in extension it still means you have additional tariffs that are in place that still creates additional drag and so forth so. You know I've I think at this point. Look as I've said since the beginning. Trying to predict who's the with the winner's going to be on this is a fool's errand do not try to get into that game. All you know is that both sides are sitting there saying hey we need to come out. The winner we need to show that were tough and that's a game of chicken and you do not pick winners in games of chicken. Sears didn't pick or rather the the bankruptcy court did pick a winner saying that. Any leopards bid from yes L partners or whatever the heck they're called is going to win that five point two billion dollar bid they approve the deal masseuse he was granted. It is a second or third life for them now. I don't even now. Big guy at that for the time being at least it looks like 425. Sears stores Sears Kmart stores and remain open with 45000 employees staying there it's years. The big news here was that. Lampard and his hedge fund real with a straight to deal with the pension benefit guarantee corporation there in the biggest unsecured creditors teachers seers. I don't I haven't found. If this company goes through bankruptcy two years from now in all likelihood PBGC is going to have to pick up that pensions of the 99000 former employees at Sears that are getting paid. And I think it's safe to say there is a non zero chance that a Sears does go into bankruptcy at some point again in the future just because I don't think that this reprieve solves any of the problems that they're facing now doesn't seem to. Man don't see how just having fewer stores. That still attracting many customers. Richard. Folks this next story is going to be one of the ones that I think you'll hear an awful lot of over the next couple months I first noticed it about. Two or three weeks ago. And here's what's going on so pretty much win tax reform went into effect last year. The IRS issued new withholding tables for. A whole bunch of pretty much everyone you know all companies get new withholding tables what that means if you are an employee of the company. That pays used through the W two wage system. What it means is that you withhold taxes so you paycheck might say OK you got 2000 this for this two weeks. But we're gonna withhold 600 in federal taxes some of the state taxes and on and on and on 41 K contributions and all that dip. They messed up. The withholding for personal income taxes. And he I'll give you an example this my wife who was a guidance counselor. I checked her withhold and when I got her W two for this year. It was half of what was the previous and now. Tax reform was helpful for a lot of people but I don't think there are a couple of percent helped I don't think it reduce my wife's tax burden by 50%. In in fact actually ran through a couple calculators on line I've talked to a couple other people. On this if you are Ian kind of that median income for most American families between fifty and 70000 dollars a year. In a lot of cases if you did not change your tax withholding. You wore in some cases owing two to 3000 dollars where you might previously gotten a two to 3000 dollar refund. Yet people are going to be very very surprised by this because you know what the content and average American isn't terribly good that is. Saving that extra money in their paycheck for the tax bill that they might know coming right. But it. Yeah I if you received a big refund in the past I've heard from a lot of people that aid in May have gotten smaller refund this year or they might owe a little bit of money the IRS. Guy that does not mean that you paid more taxes by the way. Now if if you're correct in this the big thing is you might have had a lower overall tax burden in rent in one case with someone who I was talking to they make around 80000 between the two of them. And what they found is that their tax burden actually dropped by 2000. But there withholding dropped by 4000 so they ended up owing money whereas previously they would not have owed money. So I've seen lots of before you take to Twitter and FaceBook freaking out that hey your tax bill went way up just because you owe money to the iris this year or you got a smaller refund. Look take a look at what your withholding it where for 2017 vs twenty team what you total tax payment came to because. I have seen these posts all over the place. You know people that I know pretty close it out and tax bill went way yeah well no. No it didn't do you pay less taxes rather hear it all the ice and anti each paycheck was that better. Right that's all was but people are realizing. Right and now my question is. Given that this is happening is the ire ESCO and update the withholding tables for this year to get him more in line with where it used to be head and I got today you know we're talking about yeah one off cases it seems like here in there got a lot. Path we got to see what they actually don't don't tell us they don't it'll depend on how many people owe the iris money is a lot of them all the of the page it. The other big thing this primarily. Is affecting people who were still working. So if you know it's it's not something where it's affecting Social Security with holdings if you've been collecting Social Security. Even pulling money out of higher res it's not like the iris you started taking less money out indeed indeed changed it was polling there. This is really for W two wage if you were an employee at a company. That's who felt this burden so I've I've seen cases where you know if if people are retired and just living off social security and investment income. It really hasn't affected them in that case they can see OG my tax burden actually went down there went opera whereas. I've seen a lot of people who were you know either one or both spouses are working their sadness and why don't want and I always used to get it -- thousand dollar refund grosans get a 2000 dollar refund now have to pay 15100 so what were people supposed to do well because after testing that's been messing confused here so that's the problem is the theory would be. The way the iris in the year that you would imagine that they calculate the withholding would be. Okay we wanna leave people about the same shape as they were before only not necessarily make it's an old war get more money at the end of the year. The withholding that they put in place last year didn't do that. The only real way to solve that we do you have to go to your payroll department and annually increase your poll increase that was holding. Which you know most people do. No most people are gonna do that because. Taxes are very confusing. Yeah that's all so that this is something that I think they're surprised he where did you hear a lot more about the so now reported doing my taxes and do and let's take a little break when we come back we get a whole lot more coming on the financial exchange. Chicago. Everything business and finance future financial exchange with Barry Armstrong and chunks of 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 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 gamble 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 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 get this free guide an 8668485699. Or downloaded right now from their website legal exchange showed dot com. Two with a 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 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 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 in SIPC and advisory services officer securities America advisors incorporated Barry Armstrong represented at Armstrong advisory group the securities America companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the loss in your state. It's 6 AM clear as a bell and queen Terry quiet I'm watching my breath 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 yeah. Weren't we'll still be there tomorrow January delivered over five feet of snow and lose 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 border 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 -- deposit this is another free program which streamline the opening of -- security deposit accounts -- totally digital experience with -- 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 have Euro 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 -- deposit dot net member FTS -- leader bank a step ahead. And I say no you probably think that the step that falls out of the sky at grand more we see it differently at Kramer's known as a form of art. They crafted we think that he threw it we make it all went through London he never ever stopped looking for ways to make their conditions that are. He'll feel honored for less than an hour remaining areas and you see it flying out of our energy efficient snow bends. Snow is what we feel 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. Well the winter in New England is not terrific today but it is 85 degrees and sunny in the United States Virgin Islands and we're joined by. Joseph bushel T he is the commissioner of tourism for the United States Virgin Islands Joseph thanks for coming up. We'll Barry thank you for having me like you said. When I left yesterday it was nice warm sunny if I know we did have a reasonable until probably took us from eighty degrees to 79 degrees. Not like today when I came out and it was actually when I walked out of the hotel this morning. They said it was gonna get to fifty when I just got in the car to come awaited him I don't see it make it fifty you know. Now and tomorrow it's gonna get worse and worse and you know to that end joked a lot of people are looking right now to schedule a winter get away. How what's the condition of the United States Virgin Islands yet hurricane Irma and Maria hit about a year and a half ago right what's what's the status. What we will definitely open for business. From a tourism standpoint would open run and you know all of the major restaurants. Ups infrastructures back. You know utility. We have. Roughly 65%. Of the hotel beds that up and running yet. But more importantly for us we've had. Big Soes and Ambien be in Villa rental rates and that's bridging the gap. From a big properties like the Marriott and Ritz Carlton. That a down on the rich is expected back on him in November then nineteen the married expected back on. In April 20. So the hotels are coming back on line but the gap is being filled by people BR BOs here B&Bs. Hopefully dot com so you can get a flight down there and you're still plenty of places to stay. You might be renting a two bedroom Condo or three record house or something like that lets that seems to do it a lot of the continentals are doing corrects. You can get a bill you could just dependent on and your appetite. Budget brain get a Villa. Would it infinity pool overlooking and debased so all you can get a nice two bedroom Condo. That's it more of an urban area yep that allows you to walk around and see many of the things that downtown Charlotte Somalia right downtown. Which instead of produce and has to offer him what to how to folks get to the US Virgin Islands there's two major airports like you've got. SS TX is the airport code for saying cry. An STT is the airport code for saint Thomas correct what are the big airlines that fly out of the northeast and and we a lot of listeners in west palm Florida as well as it does spirit goes from a. For a water correct spent most of Fort Lauderdale and Orlando all so they haven't so only two options I've been in South Florida. From the northeast we have actually put this area moves would be happy to know that jetBlue is coming back online the middle of the month from Boston to saint Thomas nonstop. You have one those sorts stop into San Juan Coca is not something to saint Thomas and on the way back up but Billy disturbance and one with a quick pick up the field and off the plane break. I use an American when I fly. I go Boston Miami Miami you've seen quarry and that's a real good connection yellow well the good the good thing for saint Croix are announcing Royce has a nice flight. Yes you get in so you leave appear any candidate that took a bite out of Miami. Somewhere around 6 PM eastern time and get inducing Roy Newton live up to nine. But and you could turn around and if you wanted to leave early and get it back up they'd do you believe in the morning. Most of flights commend. To the Virgin Islands midafternoon break in Delta's going down delta goes down for jetBlue united and leave base you know you got all the big airlines going into the I'll have a ma am and they connect from major spots across the United States are excellent and that helps our diversity. What legalize it and we speak to airlines about airlift into the territory right wanna make sure we cover. Most parts of the US wouldn't have won an auction rate if you have to have any. Yes yes I was talking to a friend who wanted to go to Nevis. And then they found out they needed a passport. To go to Nevis do you need this a passport to go to any of the three United States Virgin Islands. No and that's one of the best features we have to offer is that we are United States territory. No pass when necessary and how many amenities that you come down two islands. You cellphones for one that we all live and and right AT&T works out there AT&T what's on aspirin works then there. You know you ability to get to ATMs and you JT and cartoon catastrophe need credit cards everything. Did you do in Boston and New England area you can do and budget and you can rent a car regular credit card of a driver's license in. From Connecticut you can rent a car in the US virgin records and we have all the major rent a car. Agency Avis Budget hurts you name it so everything is pretty much what you would do if you were taken a vacation so when he US yeah. Let's just continue the US a look for the outside of the continent you're so divergent. I did that my family did a sailboat turn down their years ago is that still accessible only through saint Thomas can you go to saint Thomas and then jump on a bare boat captain. Rent a sailboat for a week. Yes actually the market is is is very much a major part of a product offerings right now you can jump it and and to a path base a couple days sale all you can open in two weeks ago right. And his heck of a vacation hack of the variation you hated the several of the US Virgin Islands and when they weren't and it's available in India. But relationship neighbors to the east and these British Virgin Islands him you know there are many islands over there. Just indictment in total. That if you do take away as Willie T still there Willie teams was that they got significant damage after the hurricanes but like most. Good strong businesses that back up there yet I think one of the things we always. Tell people in the Virgin Islands as the from the keeps more he's he's sucks that I operation that's gonna wack pack. The scuba dive today did you scuba diving and it is open run into an extremely well as well and you know. What we have some concerns after the storms was blows the runoff and how would impact. And I am pleased to report did not much damage was done as a result of the hurricanes on the the war's most of the damage was on above. I had some lobster winners down time in law who was run in Monte. China I think I don't know that was because of hurricanes or maybe. It it may have been because now lapels ops was run much much more than I remember and run out every week you got tons and discriminate the all the Virgin Islands all three of them are English speaking are willing to speak and now we do speak with a little pipeline accidents sometimes if you hear me talk to some people who knew you talk to catch an exit and the accident at a at a talk in English we are talking it was. But it has a little accident. Yes it does it does. Well I'm glad to hear things are are are going well and that gear up for business. If somebody wanted to book a vacation the airport codes there ST ET in STX. Any particular web sites say today that listeners should go to and learn more about the US virgin. Definitely USB I dot com contestant is a base one if you wanted to Figaro. I learn more about the territory understand what possible options that's all right. If you wanna tune to you've you have a favorite you wanted to travel. Clearly you jump up you use zip I would use I'm an American Airlines got just unity can get locked into one here yet to do a good job locking in the defeat of flat they feel it's a truth they did. So but whatever you favorite and I made you jump on you you you punch in the cold and easily comes up and and you go. And the like is said if you if you look at for hotel space or him a new flexible enough in new experience from the affords him many options yet so you go and ABB. You and but a small hotels to uniting all the things I noticed a lot of new little twenty room hotels that group really cute. Yet there they are very you know almost like a bed and breakfast bed and breakfasts field. And they they actually you know it almost part of the fabric now from the tunnels so if you if you that kind of a traveler that once experience culture. And when I have the opportunity creates a happy memories. While being a part of the local fabric we have a lot of these small 2015. Room. Places you can find out by non US BA dot com the commitment hotels which he could see some of these will you actually have an opportunity. To get up and have breakfast with the police. Men and women that are going on in the morning and yet have lunch with some some some people like you walk around them like me. And that and even human happy outtakes and and I said we now runs with a lump those in place. Thought at 3 o'clock and it's not a violent some coveted and I is closer to three products and right. So that's started to go at people and of course have denied that it's open and I've been now it's a great place to vacation folks if you haven't been to the United States Virgin Islands. Take a look at the airport code for saint thomas' ST tee and forcing Korea test T acts in the and you can take a fairy. Over to saint John Kerry if you wanted to go over to be the guy he can do that as well. Great vacations and something that I can highly recommend and something you probably are thinking about given the weather. That we're experiencing here in New England today and it's not gonna get any better during the next week. STT STX in US BI dot com now as the website referred to learning more about violence in general. Joseph thanks for permanent. They demanded that you have an us northeast market less pomp come on down to Brazil as we leave it there would smile and a nice cocktail distorted it. They still have run at the airports for lots of it wrapped around. I that the joke was sheltered and he's the commissioner of terrorism for the United States Virgin Islands joining us today on the peninsula exchange. The financial exchanges and live on FaceBook so make sure to like your page and watched the guys break down the latest on the market every day beginning at ten on the financial exchange radio network. If you're even 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 echoing Todd let's do 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 revenue doable and irrevocable trusts their major differences between material so before you put pen to paper get some solid advice from someone who knows he can advise you on the best way to put together your plan Cushing in 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 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 at 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. Hi everyone I'm doctor Timothy Gallagher founder of Gallagher chiropractic and medical moments and I would like to talk to you about an. 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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 if you dream and just in time for first tracks of them. January 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 police who provide a 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 re global verses and durable Coble trust. You know this is probably the most frequently asked question 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 to 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 want to be clear that this is those income only Medicaid. Irrevocable trusts that are designed to protect assets from the nursing home vs. A revote couple family type trust. The biggest difference between the two is that. Revoke Opel trust will never protect assets from the nursing a five years ten years doesn't matter how long your assets are and 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 time trust and its revote Kabul cannot just go and have them change into an revolt apple trust. So many people love to do that you could but no. 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 lies 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 don't answer the most common questions you have about the differences between revote Kabul and irrevocable trusts you can request is brand new guy by calling 8668485699. 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 866848. 569. 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 in chunks not a on the financial exchange radio network. You guys wanna do some tributes. Ellis okay where it's trivia time here on the financial exchange Tribune is brought to buddy on strong advisory group with markets still volatile. Now's a great time to review your portfolio call 803934001. Incident before. No obligation consultation today that is 80393. 4001. And so trivia on Fridays for the week and so I was like can go a little bit off the grid and in particular in particular. You shared. I like to do action movie true because I I have an unhealthy love for dome action movies anything with Nicolas Cage. Anything being with you know Yahoo! personals Bruce Willis. Denzel watch generally you Dioner re like. I love dumb action movies it is one of my ultimate weaknesses and so. We try to do different one every week it is strength actually and so this one I picked Crimson Tide because the composer and Crimson Tide is Hans Zimmer whose my favorite movie composer actually citing close. He's the best he's he's just the Babel actually there there is a close seconds okay. There is a close second but Al L a gives emerged that the credit for you know the the best overall movie composer. But so were doing attribute based on Crimson Tide discussed consummate composes birthdays in September but I don't really care soldiers today what ever who cares. So the question is in the movie crimson sci Crimson Tide starring Denzel Washington and Gene Hackman. What is the depth. At which the whole of the USS Alabama. Would be crushed by the water personal nose in the movie. Crimson ties are what is the depths at which the whole of the USS Alabama would be crushed by the pressure of the water I guarantee we're gonna get answers on this binary answers. That's up. I guarantee you we are going to get correct answer is our listeners have not let me down yet they've got every single one of these. Every single one even. I take a few ministers are too busy cooling us now we're we're gonna answer on this by the way. My. The person like you believed to be the the second best movie composer. Any guesses Tom Sanderson. Who Thomas Anderson. I don't know who that is. So graphic. And some tell our job and you can you email lowest the answers that she knows who to pick and who is the well are you able do that eighth correct answer eight. Eight correcting from. Okay we're in the fourth correct dance or. What the first such a the fourth correct answer because it's a miracle I'll tell no one day I'll tell Lois what what the numbers right now in a signal a tour. You know we're on FaceBook live. Yet okay it it's all good but I my second favorite composer beyond John mine's no James Warner. That is he did Dutch boy he did in Europe that trivia contest for everyone yet trivia contest in the movie Crimson Tide. Okay starring Gene Hackman and Denzel Washington at what depth. Is the whole of the USS Alabama going to be crushed. If you have never text of the show before. That number is 63566. And if that's your first time Texan you must text buried at the beginning of the S and refused to accident before you don't have to. By the way we've already we're doing the fourth correct answer we've already gotten one so someone knows the right answer just approved both you guys. Wrong are you looking forward in meters or feet. Well I'm not gonna tell you because that's part of the answer or leagues it's really. How many how many fathom certificate. So president trump reportedly expected to ban Chinese telecommunication equipment from US networks. This is according to airport at a CNBC. Good it's already effectively bans today it pretty much is already and he can't relate in the right now these networks are using while equipment is set up their five G platforms. Yet that this is unlikely to really have any meaningful change at this point what happened to trusting of either even paying attention to some of the stories that have been coming out. With regards to quality technology in its use other countries recently well I mean Ukraine story obviously they arrested that what they considered to be Chinese spy network for walk away that's what I think this does do is it sets off but it does do a better ripple effect with other countries saying oh yeah we're now accepting that I. And in there have been. A number of countries recently there have also said they've made decisions not to use while way equipment by the way. Ian in their networks as well also the US is not acting. It unilaterally on this you're seeing other developed country saying no we don't really want that anywhere near our country either as is not a US only. Directive really that is going into effect here. Folks if you how. Haven't started in a state plan yet now is the time the state an asset protection planning. Is critically important to those you who are nearing retirement age or are already retired because without a solid plan. Many problems to arise take the time to avoid that kind of issue. MacCulloch Todd what ski partner with the law firm Cushing handle. Not an expert in taxation and elder law and he can help you identify the right kind of plan for your family. There are numerous kinds trust that are available but to the most common. Revoke Kubel and durable Coble trust that our major differences between the twosome before you put pen to paper. Get some solid advice from someone who knows and can advise you on the best way to put together your plan. Kashin dole has a free guide out this month and on the differences between revoke Kabul and you revoke bull trusts and he can get it. By calling 8668. Story. 5699. To guide to even show you how it's possible to eliminate your state tax while protecting your assets. From creditors and long term care expenses call right now to get this free guide 866. Eight story. 5699. That's 866. 8485699. Or you can download it right now from their website legal exchange show dot com. Don't pin now I almost called Dunkin' Donuts but it's note cannot go down is just dump him now which is something I wanted them to do for awhile. Duncan shares little bit of a trouble for them recently here. Their stock yesterday dipping from that 6869. Bucks share down 66 about a 4% dip. How calm they reported. Earnings overnight and this really surprise me quite different mystery it wasn't that hey you know our expenses were way out so what Duncan's doing right now is they're rolling out all these different expresso drinks to try and compete with Starbucks. And I expected that should be increased cost you utter train all the employees general out all the machines I expected that but what they found is that their revenue decreased in the quarter. Really at their sales saw a drop so the sales of 319. Point six million expectations were. 329 point six million. This is concern. If they had a big profit miss OK fine but they had a revenue and a sale business I don't know what's happened there. Trying to figure when we're when we look at competitors are any of them seeing anything similar. The units are we saw something the same there and the promise he can't really compare earnings first Starbucks to Duncan because starts at such a Chinese exposure that is completely different is different price points if you look at you know Duncan to one McDonald's obviously it's you know. Call these portable McDonald's does does not in the main part of what they do so. Yet if it's really challenge to figure out what's going on with Duncan here. But just not. Not great to see that it's it's something that is unexpected again profit miss I'd be fine with this is sales this is concerning the other piece that I don't love. Starbucks in the previous quarter saw 13% of their orders coming from their token Duncan 3%. Again and ways to go to catch up here yet that they they certainly do a meet and I didn't realize it was that low ball the percentages though Duncan mobile orders 33%. Starbucks thirteen while and you know what they say about the global supporters that people order more and more expensive items among Latin do story person. We is so easy to navigate dealing. One of those and into one of those I used I'd used do that old time back and I still it wants with the other chick filet happen has it been like yeah let's get some chicken sandwich and surprised let's toss in some nuggets to wind not is that there'll happy Gideon everything the other part of it too is you're not under pressure. Suits standing in line staring at the menu I think if she game. The shame which I don't blame him like hockey yet that you just supersize me. Yeah why the hell out by the way getting some breaking news coming through right now from CNBC Amazon reportedly reconsidering its New York headquarters site but a lot of local opposition according to the Washington Post the Washington Post by the way owned by Jeff Bezos who you would think that kind of in the know it was on and on. Yeah you you would imagine they have a good bead on what's going on interest. Ass and so the question then becomes do they split with the different city artist coordinate Disco ball and a DCC two we know lieutenant second. Technical leader was that stole mr. I don't think they do about a silver medal while sector. You mean second between DC and new Yorker after those like tied for third you mean. Yet happened there than. And so and don't know your I mean New York as a hat deal. Now Aaliyah there's really bad I'm really curious to see what ends up happening with this. Because just DC and get here here's a question you'd that in -- these things you can do this could be something if here's what I'll put a prediction on the board for you seem Boston know they're gonna stay in New York. OK but they're not going to accept the tax breaks. Oh I'm nine and put them all of you heard it here are. You you heard that news stay in new York and they're not going to accept a tax rates yet. You heard it here for because that was the big outcry. Was that it is all this money that was that New York was giving too wise to Amazon so I'm. Put on the board and just say hey in in a world where populism dominates. The way to win in that world as a stay under the radar on the way to stay under the raiders by not taking the public money. And so. That's where I'm going to bowl prediction there that's that's where I'm gonna go with it let's take a break when we come back Paula Monica from CNN business is gonna join us. He would talk about snap when they're here to stick around or. Maybe they'll just disappear. Quick break right back with Paul after this break. Chuck in the financial exchange on FaceBook dot com slash the financial exchange this is the financial exchange network to 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 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 can SIPC and advisory services offered to 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 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 in excess of 500000 dollars offers fixed or variable rates for both purchases and refinances all originations are managed by a leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject current approval leader bank a step ahead. If you 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 echoing Todd let's do 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 did some solid advice from some new notes and can advise you on the best way to put together your plan Cushing in Dolan is a free guide out this month on the differences between rev a doable lender 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 get this free guide an 8668485699. Or downloaded right now from their website legal exchange showed dot com. If you're real estate property management company you need to banking partner that has all the right tools to keep your operation efficient leader bank is one of these premier banks in the property management and real estate space offering a suite of unique products and cash management services helping collect rent managed Condo association payments in digitized paper checks hi this is chuck is not -- we'd bank utilizes state of the art technology to offer convenient banking services to which real estate clients such as a CH payments mobile banking promote check scanners in its innovative -- rent payment platform leader bank has a team of business bankers that are on -- help you -- come to your place of business to make it is 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 one. This is a special announcement for all landlords chasing down only rent payments and making trips to the bank to deposit checks take a hassle out of rent de cuisine brand leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more when Z rent your payments for each unit to receive regularly on the same day every month tenants pay nothing in the first six months or free 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 and advisory services arbiters securities America advisors think Gary Armstrong representative Armstrong advisory group in the securities America companies are unaffiliated. We wanna hear from you. Thanks Steward Barry's 263566. And let us know what you think about the stories we discuss. Your team to the financial exchange radio network. So last segment we did the trivia question in the movie Crimson Tide what is the whole crush depth of the USS Alabama the correct answers 18150. Feet as one of our listeners pointed out. At 18100 they were approaching hole crushed up but only bottomed out at 1825. What was the right answer Mike. Well mark from the arm the pad that. Ridiculous questions correct answer any stain on a fifty dollar gas dipped just chipped it. Trivia today has brought you by the Armstrong advisor group with the market still volatile now's a great time for review of your portfolio call 803934001. And set up your free no obligation consultation today. That's 803934001. By the way Hugh there were seventeen correct answers so once again. Proving that our our listeners have the same law of of dumb action groups Googlers that I'd. Or they're good Googlers either either one I'm happy with either either option there. We now bring in Paula Monica from CNN business and talk about snap and Paul thanks for joining us today. Bullets that struck a little bit about this last earnings report from them. Is this a case where the stocks like because the companies doing so well or just because they're not going out of business right now. Year that mean net somewhere between I mean it's eight I think definitely. Wall Street he's clearly happy to. Nation user. Side that there's not shedding users we've that they are. Quarters so you know that is good news if you will but. It's also important to note that this has been not been heavily shorted so I think there's probably been. Squeeze factored where people and assuming the worst with regard this. It'd get it and they are forced to copper. All of it I think investors that it and I we area. Stop jumping Thatcher attic news that he's you know not awful but by no means. In in terms of you know what advertisers are looking at a guess to snaps business effectively that they are an advertising delivery platform that's that's pretty much what they do. How much does scale make a difference as far as who will consider the platform I guess is there's so much smaller than Inkster Graham and FaceBook at this point. At what point do add you know advertisers say no we're just needs is not a scale for us today. Yeah I think that is a fantastic point I mean you're clearly seeing you know it looked like Kate yeah digital appetizing. You know Markey used a two horse race between. Kugel La alphabet YouTube. And FaceBook and not been a problem war you know companies likes her or not Twitter. As well and other digital media companies that. Obviously I think has been able in the statement we have higher he's been a younger users that are. You know accompanying bet you'll obviously be a BA in a gram on after a lot of those seem. Younger users as well I mean you know they knock on check is that well let's be honest here. They're not curing cancer putting dogs years to Alter the dike it looked like a dog champ I'll. Even exactly be. You know paragon of age party program and many others just. Steal those features. To him as well there's nothing that act unique and a chat that I think is gonna make it user. Stay there and make it be there. Or are they showing I guess that the big concern that a lot of investors have had is he is with management. That when they've tried to adapt they haven't done particularly well you look at some of the re design issues that they've had and so forth. It is there anything now that's kind of pointing towards maybe they're turning the corner and figuring out. How to you know build some real intellectual property or build something that gives the company a little bit of a motor something they can defend. That can be a big debate challenge. You know clearly. There is a lot. Competition and I think that that is becoming a better job of you're getting users in. We engage come back in that do not. You know. Go to all the other competing at that you maybe it is beyond. Tried you know the whole hardware why it won't. So I don't think that it be. That can aid you know. I think there is some progress but your point two. He executive reentry. Would be it certainly maybe we're in her. No ma'am not that long ago yeah now authorities that you know problem in every eagle really control back company. If he is a much Beijing news as Mark Zuckerberg is know. Sure we can see that. He's got such control of the company and who's their CO is that Cheryl they are all that's right you don't have. Yeah. All in in terms of looking at the company. It always gets pointed out they they still you know a 18090. Million users that are that are out there. Is there any chance they get a is there any winners will go by a big Boca users and can figure out what to do with them later. I mean. I don't know that ship is definitely failed yet but obviously if there's camp wanted now they have the time that he's yes you know when there were rumors you know Google you know a couple of years ago. And I don't get that then but it yes Spiegel the throw in the outback be they aren't hard to imagine that what we like sold out to. Companies in the media business that pad. Very little in the way of social strategy. You would. Likely be cashing in at a price lower than where the stock went public at and he probably wouldn't have that much to chop it into FaceBook or Google bought. That's effort sample. What reason would they after that B. Just about non. Paul we gotta run but thanks for joining us have a great weekend and we'll talk assumed. Paul Monica from CNN business talking about snap with the ticker S and AP snapped if you will. Take a quick look around markets at the moment the Dow was off 268. Points or an obvious. 46. Distill all three major US indices in negative territory at the moment. Yeah now looking not wouldn't you saw we need to get some more data or some more news on mr. trade deal if this if we get nothing I think it. You just continues its slide it right up until March 1. Another bit of a downward day at least as we head into while mid day right now we'll see how it holds up over the course of the afternoon. We're done for the day though we enjoy the weekend stay warm stay safe and we will see you back here bright and early on Monday.