Feb 19, 2019|
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
This is the financial exchange with the Barry Armstrong and sharks are now. You're exclusive look at business and financial news affecting your day you're simply your world. Stay informed and up today about economic and market trends plus get breaking business news every day. And now the financial exchange with the Barry Armstrong and chuck Exxon. Hope everyone had a great long weekend we're back here on Tuesday with the financial exchange and it just catching up violence stories that came out over the long weekend as well as this morning. Mike Armstrong talked so Christine Dunn with you today. We've got a few different items that start off. With that we housing we just got the housing market index to serve a it's done by the national associate association of homebuilders. It's been. A rough couple of months in the surveyed kind of fall under rare up it's an index guy you dated in Iran seven days earlier this year. Had followed weighed down and October November we are seeing a little bit of a rebound at this point. The numbers came out with an index number 6259. Had been expected. Last month's beat expectations as well. But I think perhaps expectations around real estate have been really really low but with interest rates coming back down. At least sentiment seems to be. Bumping back up a little bit here. Well and seasonally rearm moving into the prime selling season we are and I think a lot of houses go on sale might march April may as people are to make that transition. And and GAAP and it's got to be helped by the fact that the Fed seems to be backing off from its parent statements of last. They do me a thirty year fixed rate right now the average thirty year fixed rate as of last week was four and a half percent four point 54%. And he down a lot of stuff is coming onto the market at this point. Obviously you know up here in New England there isn't a ton of new construction but in other parts of the country it's certainly a big piece of itself in. Slightly I don't wanna say that this is like huge good news the real estate market it's. A little bit more confidence and there were last month but not. Not incredibly optimistic I think a big issue there are still for homebuilders is the labor issues you know it has less to do with demand has less to do with. Value interest rates or availability of funds to get projects done it's really just you know we refine the employees to to built. Cost of building seeking that's been affected by everything that's been done on certainly depending on what your building I think we talked suit chuck has a friend who works. 48 he going to apartment complex league. Manufacturing company construction company and they saw there's you know because of steel and aluminum tariffs going on you know their costs. Twenty some odd percent that that really that really things pretty hard but. Generally speaking they've been able pass that through to the the end Klein's. I'd be curious to if if there ever any geographic figures stress to take a look at fairly interesting to his seat. Which parts of the country you're helping to lift up. Right in that sources other parts of the country that might be feeling more underwater new York and California are. You know always high priced but it certainly seeing the biggest declines from NC recently especially with. I think it's going to be really really wrenching to see what happens with the New York City and California real estate markets. In about. Two months wants all the tax returns are down once people and I still don't think people realize how big. That state and local tax deduction that they took on the returns in previous years really the impacted and benefited them in the past absolutely I mean we've heard before about how New Yorkers stand and look at places like Florida yeah. In order to claim their primary residences that they can get some relief from the so weekly check and Tucker you had any open house is of the long weekend and now out there. Stormy deepened diapers. At that. No thanks I hope you're not actually need deep and I appreciate it's not that are often in the united issuing a diaper genie or somewhere we have one company. They'll consistently good. I just nonstop. We also have US China trade talks kicking off today. So weird being led. Here and here in the United States Robert light as a re leading negotiations. Anything new on the semi we knew that there are starting back up we knew that we had a potential delay of the deadline we initially think in March 1 of things didn't. Get into gear here we're gonna see increased tariffs and looks every bout you know backed off of that a little bit. Where are we at this point. Well I mean it seems like they're still talking about Ian needed structural changes in China that the US is claiming affect trade between the two countries. And you know they're gonna take a look at China's pledge to purchase a substantial amount of goods and services right on the US so. You know they're looking to make progress there are also on the technology transfer issues from US companies in an actual property that of course. They're taking a look at that but I think in the long term what's interesting is you know the states. That the administration must feel about showing that they can make progress that's right. And and what it means to be able to say as you know their reelection campaign starts to gear up and tiny tiny. That they were able to accomplish something that's and that's. To be interest. Heard this morning which is just terrible news for all of us but the debates this year democratic election bid debates are gonna begin in June. This year yet when meaning June of 2019. Average start seeing debate so. To me that means bears eight you don't need to have something done by June but it's gonna start really getting talked about in June. And then into the fall of this year. Now it. You know if what that political pressure is is going to be. It's gonna be really anxious see you know where the Democrats come out on. What their solution would be to tax I think most people are at least an agreement that something needs to be done there. They're have a tough time picking apart the playbook that's been used so far. Well I mean you know but they can they can tout the impact that it had on farmers the impact your hat on a lot of businesses. You know the impact that it's had on Ian weirdest thing about the fact that you know homebuilders and and no other yeah construction. Has been impacted by the high aluminum and steel Tara is. So I mean they're gonna take a hard look at that in there and they're gonna argue that he the challenges that it's presented outweigh any benefits he might get from this this approach. Sure bet I mean they certainly well it's going to be interest because. I I personally was not really in favor of them delaying this march 1 number it's certainly helped the stock market in the short term but. I get really nervous about this game delayed into Canadian and June because then. That the longer the further out you get the more pressure is on the top administration to just. Say that they have something done whether it's the perfect dealer not race you wanna have you wanna be able to go in the election season having said that something has been down on China. And that's something you really don't want to be just no deal and increased Earth's. Right right and on the Democrat side they want to show that yes they can have influence of her you know what Tron and the administration is doing. Om and and you know limit the end the powers of the executive office yeah. Well that. If you look at futures this morning they were down. Pretty significant inside to out futures down over a 100 points earlier this morning back and bounce back up we're about flat for the voice over to you know we don't seem to be overly negative on where these negotiations are going at this point so. Unfortunately we'll be talking about trade pretty much every day this week and hopefully we'll get some sort of joint statement out this week or next from the negotiators. Wal-Mart well Etsy Tucker you've been at a Wal-Mart analysts few months. No nonetheless you durable played on anything on ball at Columbia which you know I've actually checked and I just haven't seen that drastically the price difference between now and Amazon so I just. For Amazon so if there's not much or price differentials yield default. Yeah I mean in Biden but not much I'm pretty much don't see any change really. I don't know about you your experiences that the mean the only way into Wal-Mart over her Christian groups reception confined. Shalit's anywhere in India and I was a dire need of shall I needed them for this recipe. And arguably different grocery stores and no Alex in India apparently it is not a thing. Wal-Mart in the minors after buying anything technically Wal-Mart to net shall we. It was kind of a desperation move at that point. But the one thing that I found particularly interesting is Amazon reported really sell it on line sales in the fourth quarter Wal-Mart did the same the commerce sales rising 43%. Well. Has really been emphasizing this need became very very cleared at the retailer. You know over the last few years that if they AD and get serious about combating Amazon online they are gonna be in trouble. And what they've managed to do is really leverage their brick and mortar base in Horry to help them on the online sphere. So this pick up in goes service that they're offering during back to back to school or people could click click click order stuff and they get step immediately at a nearby store but not have to go into the store and kind of find it. That seems to be working I didn't think that would work but it seems to be working and if it's maybe not as good of a customer experiences having your groceries delivered by you know and his owner having your products delivered by Amazon. It's way cheaper for Wal-Mart land they have so many store rights. And in some areas I mean it is a key store right so I mean it's just keep pass through areas makes it really easy for people a shot and then oil shoppers and they believe that there are gonna get the best price and moments they're gonna support their local farmers and do it. You know that the pick up towers that they installed asthma made it really relieved of their time for Christmas yet. And me and and they were they're kind of funny about it too weren't they doing okay. You know playing that the male you know gift buying habit cards saying okay any last minute shopping right up there just come to the tower pick up your gifts and you're going to be good to go on the an important day. So they've they've really leveraged the combination of the you know in store presence with the online here's what. Really confuses me so we got December last week we got December retail sales numbers which were really bad the market really. That day on retail sales were down one point 2% do better December vs November. And particularly in December e-commerce sales were down three point 9% vs November. So either two things to me happened at a November numbers worse really good because apparently everyone did their holiday shopping way ahead of time which almost never happens every one it's also is December's pretty big month. Where the numbers are just off and acting them numbers that we got retail sales might just be wrong v.s you can't have apple Wal-Mart. And Amazon posting a quarter like this and having the e-commerce sales drop by I mean that makes up between ams on Wal-Mart you must have. 80% of total online senators now. So those numbers are really confused some and that was Siemens is off now it is the congress. Or the day. So voters I don't remember who puts that together retail sales numbers retail federation I noticed it and that's government related to its readers today it is delayed dues shut down panel that estimates in the Commerce Department announced damp so it but he e-commerce sales in particular that chunk of it was down three point 9% of the month of Vermont still up your every year by 2.3 percent but down for the month so uninteresting good news for Wal-Mart it seems like their strategy. Might be. Arab whatever and ever sales are out there right. We are gonna take a quick break when we come back talking about that he changes in the automobile market moved suvs and what that's really doing. To the dealerships and those companies stay right here to the financial exchange radio network. No need to stare at the charts graphs and numbers all day and just listen to. Us it's the financial exchange with Barry Armstrong and chunks out up on the financial exchange radio network. 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Thing get your free guide today you can also download your free guide right now by visiting Armstrong advisory dot com -- Dirty suffered mysteries Merck incorporated member can SIPC and advisory service is offered procedures work advisors incorporated Gary Armstrong represented a strong advisory group the securities America companies are on affiliated representatives of secure is America do not offer legal or tax advice always he did voice and professionally with the laws in your state. 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 world stray. But I don't think people really understand. How they can be used and why they're so valuable to the small business community. Thanks very yet we had been really focused on providing small business lending to local community and local business owners. And the programs that are available power very helpful so we Europe preferred SB under the what that means is that. We can quickly make decisions and under rates small business loans in house. And to be used for a variety purposes for small business owners give us an example. Well one example that recently happened was there was a a restaurant in Cambridge when I was growing very rapidly they are always full occupancy. And the space next order then became available and so they wanted to. Take on that space you need capital to sort build out. The restaurant. And you know was about a 300000 dollar loan. About it how many years did that 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 at rexrodt has grown tremendously them as is one it is one of many examples in whether or landscaper or. Factional services yet loan officers that are available to blog talked a 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 it leader bank dot com 8776917. B 900 do you need a small business banking partner. Leader bank is the one to think about. 8776917900. Securities offered to securities America each member senator SIPC an 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 in an instant. By texting us and 63566. Starter tell extra keyword Barry and become a member of our brand new textbooks tell us what you think 24/7. Right here on the financial exchange radio network. They're talking about Wal-Mart a little before the break and somebody. Sent a message to us on Facebook's and the inventory Wal-Mart is really inconsistent. On the story Seth they bought last week won't be there. And that they've had been delicate target my wife shops turtle up then she does Wal-Mart she actually uses the target says the target app. She thinks is as good as Amazon's and now do you mean grocery shopping Berkshire's shopping. Return just shopping reach a China shop at target. Has some nicely proprietary brands the you know I'm close friends Alina well even housewares. You know they have a nice house and it's interesting the target Nazi go into the store. And some of the discounts CE can only get if you have the and recently so that's their way trying to keep it is really an advocate. For the set and yeah I just went there and download the app. Yeah that is that's an idea I notice that mean you go into Wal-Mart one mean I haven't found. Worst passengers politely then a Wal-Mart or. Not the whole lot that are tends to field better. Media and inventory issues I've seen not just not on their site but you know it's fun stuff on the website in terms yeah consistently steam products and Wal-Mart. Can be and I almost exclusively to shop at target audience that for the Wal-Mart for the most part. If if they had a grocery store consider shopping and Wal-Mart. I do a lot of her shop I feel like Nancy. Well I must have been I mean the inaudible stuff that got us cities and high and in me and I mean. Yeah I mean that's a thing as like how much pressure shopping can you you in all attempts. Like three kids now so it's a lot. You get like seven pounds of chicken breast or something like gore or do they don't like normal size should amber brown beat I mean I have two freezers that held out as a your freezing a lot of stuff but we're also probably get going through. Oh. Three the Q doesn't bananas are we sure our gratitude that's you know that's helpful Democrat and a thirteen counts and he eats three tenors today in addition to rest I live about seven pounds it's now. Yeah. They'll get it but it yeah Soledad just now. When you add diapers so we've been talking about this massive shift in consumer tastes from sedans to suvs been happening for the better part of a decade and it looks like the manufacturers and dealerships have finally kind of caught up to think the tree which by means that the trans about a reverse itself. But it looks like the discounts that dealers are giving on different types of cars are really shifting a way these days from the sedans going towards the suvs ray ray and that's impacting the dealerships themselves you are used to getting some support from the manufacturers and now they're getting stuck having opera on discounts themselves there meaning. Items on the lot. Casino with all this talk about sustainability. And climate changing environment it's kinda disturbing were still in the big SUV kind of struck about two completely contrary to what you see you if you do polling onion number of people are conscious about the environment then you answer but also drive. Vegas you the year truck just really seemed to match ups guy that doesn't seem to be. To be of concern for people remembered him huge numbers pick up trucks out there. When I managed thing there is they said that the average discounts and rebates reached. 4000 bucks just about 4000 bucks 28 team most of those rebates for on suvs. But the profit margin on this suvs and trucks are still way higher than sedans even though they're giving that read data in there that the margins on those vehicles wave bigger than those incidents. Rain rain yeah. And then I was I was fascinated by this too because I'm actually thinking about on another car because my daughter she's actually in driving school this week this is going to be getting complacency and and and I was I was amazed at the united discounting that was going on. To the point that. You know urgent I was looking at used vehicles that to the point that the discounting is big enough that you used I ask yourself was it worth getting used vehicle you just go with some new what kind of vehicle Erica for I was I was licking out like the bigger brands just because. You know wanna make sure there's safety in a warranting an all that does it behind consumers in on all the different models and ending. On some today and SUV what it really is really about us as the king of both originally thought maybe Sudan. It's yeah it was it was shocking to me how. How'd you know the discounts and working. So the unsold sedan and passenger car inventory was down 16%. In January. Sales of Saddam's smokers dropped 13% and 28 teen whereas sales of crossovers suvs and trucks rose seven point 7%. During the same period. Back category we sold about twelve million. Crossovers suvs and trucks sold about five point 36 million vehicles in the sedans small car category in 28 teams so clearly that that vehicle segment take over. Other. Part of it two ways you can guy in suvs days that have eyes. Pretty much the same mileage as a suit and did five years. In Newark and new are small suvs are seen as. Decent years ago. It looks to me if you talk to dealers they make almost no money incident that is again off the law their profit margins from yesterday's. But this rhetorical question to what our poll question financial exchange. I I don't yet some before this kind of vehicle do you own sedan an issue V or truck in your beef was that I didn't include the category of minivan that is the I don't know I don't think that deserves the fourth a nod to the category I'm insult that while a drive. I also driving suvs understand it all myself and the SUV category yeah I think the band belongs in should be category go to financial exchange showed dot com let us know what kind of vehicle you don't sedan SUV or truck and talked Venezuelan audience don't count. Like there's something. What was on Twitter. Show breaking business news is always first right here on the financial exchange radio network. That's the Xperia a great family friendly mountain when something for everyone including day and night skiing snowboarding snow tubing aired a special pop. Pay one price program on Saturday night's had a pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. 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Or download it right now and Armstrong advisory dot com securities are protestors America incorporated members in RS IPC and advisory services are for the securities America advisors incorporated Barry Armstrong represented a strong advisory group in the securities America companies are unaffiliated. Time now for my whole street watch a look at the market's performance so far today you until Darian chug right here on the financial exchange radio network. Time now for Wall Street watch brought TU five leader bank. If you're in need of a purchase or refinance loan leader bank has 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. Caller right now for more information 8776917. B 900. Or visit them online at leader thanked dot com member FDIC. We're talking about few different companies from Wal-Mart in particular. During the last segment and they reported earnings that really beat expectations especially especially on their e-commerce side. That's stock is up about three point 7% right now are you also had a big profit beat in the mining sector BHP. Came out and beat for pretty much across the board their stocks up 1%. But lot of competitors also up Newmont Mining is up two point 8% Freeport Mac ran up 6%. And narcotic up 3% as well so mining stocks moving in particular this morning on some pretty good news out of that at their. Great. And that's Wall Street watch presented by leader bank. Call now for great rate on a purchaser refinance loan at 8776917900. I visit them online at leader bank dot com member at DNC. I think before remove under the stack are sort throat thereto or techsters if any of our listeners out there actually grocery shopped out Wal-Mart I wanna know. Texas' 6635. Sixers is. Among my peer group I don't know anybody shops for groceries apple. I just I just interested to see how popular it is around these parts. I mean there's less of the few. Around the like Greater Boston area yeah particular intensity a little bit more rural than it is suburban bright you know in other plea agreement target and even a target at target to me. Again there's just less of those big grocery store restaurant here for centuries yet get a little bit more rural and you see a lot more those wall workers should stores. And generally speaking pretty experienced or not gonna have like. Nietzsche items in there Afghan you know specialty items that you in the fourth like. Whole food manager Kroger something like that but you know generally speaking for the basics you know the most and I mean for the target near odds it's like a pretty wide selection of groceries and we don't do or full grocery shop there we've maybe you'll pick up all boil there for me this it's like two dollars cheaper yet. That target and is the Shaw's and what was make note that will buy rights to something causes a little cheaper but we don't do off. Or full grocery shop there. That's all just curious approach insistently at the heirs of very serious serial. Sure yeah I'm just it's everywhere right back to win a block and a that are in now right. So that kind of idea and it. Virginia access California Florida. I mean really really well stocked she was down there and prettiest. Evening can be pretty decent news on the cheaper you know when you line grants and staff is in the again. If. Payless ShoeSource. I I. Definitely used to go to payless matters like Arnold yeah yeah my mom would bring us there remembered monster shoes every six months. How do you ever get the next pair of regular dirt cheap and average throw them away and there hasn't given to my brother in six months ago yet arrived in matter but. It looks like this is gonna be well one is their second bankruptcy that they mention in here in the last five years and it is it's it's lights out for payless and looks like. Yeah absolutely. Right do you feel like. It's a couple things I mean first of all they are very dependent on the mall traffic yeah yeah and most on the lot out there locations weren't right and the second is quality. Mean sure you halves at those in. You're gonna go for the quality issue very the piece of town that's in the mom raised so. Yeah I do think that it says a function of the fact that. They didn't focus enough on quality issues even for youngsters. Yeah you have the competition from Astride rates make heads of the world who are coming out with decent shoes at lower price points. It's hard to compete and have you been inside a payless like did you ever bring your kittens at a pay less. When might daughter hit that Sweeney do you of that 1213 games. We walked in there one time that are doing whenever shopping around that she and. Mean I have either they haven't been sent payless for our. Fifteen you know twenty years I mean to payless near me was that more and more personal moles I've ever been an end whenever I walked by the careless. Completely empty completely empty but ya used to go there or younger to her back to school. Or shoppers it is tough to view it I mean you can be with TJX and DSW there I mean that's got. You're gonna have a tough time that's all you're doing it looks like and think Christine made a good point about zappos not mean they were huge like five years ago as a bundle Amazon. You know as chunk of their market now but as your diet really cheap shoe. That's gone right. Check outside factors that are really really cheaper coal means branch here your private or are there other pit mining coal has much better quality Hughes is and you picked up other staff player calls today. They have a better selection and any payless I've ever seen colds so yeah. Well when he 600 locations nationwide look like they're closing down so there'll be some liquidation sales. I just talk and I don't think they have proprietary issue brand so I mean a lot of this inventory of pride just end up going back to the suppliers I don't know how big discounts will be. I mean Ellis is also already. Pretty darn cheap so what we'll see begat looks like all of its 2500 locations are going to be closing across the United States one more blow to to mall traffic you know folks I'm losing a family member can be a traumatic experience especially if you're not prepared. Is Mike Armstrong the archer advisor group and Terry for the loss of your spouse is awful to deal with it you don't do it your finances could be severely affected. We'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. Recommends several strategies for you do employ that will educate you on how to best deal with this unfortunate circumstance calls right now and 803934001. Again 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 for the securities America advisors incorporated Barry Armstrong representative Armstrong advisory group in the securities American companies are unaffiliated. In Megan foreign southwest recently I just booked a flight for August and yes selfless to zoos significantly cheaper or cancel why. Lies that the FDA is currently probing southwest over baggage weight skirt discrepancies. This is I don't check my bags. This is not talking about well. They're not charging customers more they're not telling the pilots correctly how much weight is on the plane boat. And therefore they are not correctly calculating. How much the day and if they're going to need to get the plane off the ground all rights that's a worrisome though more of an issue than just hey your baggage it's a bit more heavier it's supposed to be your. That less expect last. Heavy and it's supposed to be more like. Hey we might not have enough lift to get this. This is interesting how is reading here that southwest doesn't use computerized scanners to count the number of bags piling into the valleys of the aircraft and it should be happy ground crew count so they're just kind of be him estimating we'll area we have. Gold ordinarily in. Clients are cheap. It's computers. And Bob is gonna catch or accidental. That's I mean. Thank god I've been in any reported accidents do this and I pants claim to know exactly what goes into these calculations determining. Which which we you're hearing on the plane but I would assume that that's. You know what time during the pilots are now. I'm gonna be anxious to see what the in what the pilots. Though let's be. It's down stocks down just over 1% to than the markets up so I mean that's probably factory factored in BC find them in the coming weeks him. But yen. For the great look for southwest at this point. I practice and kind of excited about the fact that if mine high graduate. Could. If you yeah are they free breakfast at this whole story out here about them you know. Almost crashing planes there are rain bags properly which I don't know if that's the case but there workday of the FAA says Hayward where the bag properly about it. Flying with kids on an airline I've found that southwest that's why. Maybe it's one I think the flight attendants have always been incredibly helpful like above and beyond with helping me. With humor on average out really at that two island and talks. Helical seating arrangement then there's a lot of people I've talked you don't like that whatsoever highlight. I may just see it there will yet you're allocated different groups and and you Specter's seat based on those groups I don't care nine. Because its board first but it's right so I get to board acting and hey if if I don't. Usually. It's my wife is the one who's keeping on the second that the clock turns to. 24 hours before your flight and she's Julia inning giving us a pretty gates on lines and a line that part. Yet our business travel traveler I would or one assigned seats. That the company's report. As just days you know consumer flying just indications are that. I mean we you're going. You know as a bachelor party so I like and capacity your does that tell people around hey listen we need these seats are going to be. For rambunctious around used a lot yeah I know it's 7 o'clock I don't slower that customers but know whatever and fire and after and so I mean. So you're flying let's say your find they're going Boston like. Heard by just West Coast YE. A I mean. That's the tough torture Goran really long flight on southwest they don't offer a lot perks Maine Michigan by Emil you're certainly not getting premium services. Now idol will revisit this tiger coming upper region joined by Jennifer Warren from seeking alpha. As well as talking about another major company shutting down production in the UK mainly probably do abraxis stay tuned right here in the financial exchange radio network. Stone's distance does talk to build. Oh your portfolio includes the financial exchange with Barry Armstrong and chuck signed off on the financial exchange radio network. Getting married is one of the great pleasures in life growing old together in making incredible memories of something that can never be taken away but as we grow older the death of your spouse is something that is painful as it is you need to play at four hi this is very Armstrong and my firm the Armstrong advisory group has a brand new guide out this month to help you prepare your finances in the case of a spouse's death we have identified several strategies that can serve as a guide including sharing the responsibility for monthly expenses updating specific beneficiary information and examining how to clean your Social Security benefits call right now 803934001. That's 803934001. Thing get your free guide today you can also download your free guide right now by visiting Armstrong advisory dot com. Dirty suffered histories and are incorporated member and as a PC advisory service is a interceptors America advisors incorporated Barry Armstrong represented a strong advisory group the securities America companies or an affiliated representatives of secures America do not offer legal or tax advice always secure voice and professionally with the laws in your state. With all of the different types of trusts that are available for a state plans its soaring keep them all straight the most common -- -- a double and irreparable trusts and if you wanna keep it simple in the case you haven't done your planning yet in a difficult time let's -- senior partner with Cushing and Dolan Olympia state planning process overwhelming you because that's exactly what will happen if you're not careful called today and get tons free guide told the difference between rebel and irrevocable trusts it'll help you decide which one may be right for you while also educating you on how to avoid any confusion that comes of making such a difficult decision. All right now it's 668485699. That's 8668485699. The guy can even show you how it's possible to eliminate your state taxes while the same time protecting your assets from creditors and long term care expenses let Cushing in Dolan help your family the way they've been helping others for over thirty years toll to 668485699. The number again is 8668485699. Or downloaded right now for free from their website legal exchange showed dot com. 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 had a pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. Snowboarding two things rentals less and get an entertainment that's because one of the largest nights in areas and all of northern new England and it's one of New Hampshire most accessible to learn to ski and snowboard mountains bring your family and your friends whatever your age or a felony level you'll love pats peak. The latest info go to pats peak dot com that's pats peak got jobs pats peak ski area and had a very New Hampshire. That's speaks seven interest premier ski and snowboard mound is a 100% opened with day and night skiing and right make plans to spend your upcoming -- school vacation on the slopes at Pat's cheek with skiing snowboarding and snow tubing for always information on conditions photos videos and events Skoda pats beat dot com hi this is Barry Armstrong and I've been doing business with leader bank for many years it's not too late to get a great rate on homework meter bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making means a faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida 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 great on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Subject to credit approval leader bank a step ahead. It's our daily poll question had financial exchange showed Doug John. Vote your conscience. Yeah I heard just vote go to financial exchange oh god come and test away. We're joined now by Jennifer ward from seeking alpha talking to us today about Occidental Petroleum ticker symbols OXY Jennifer thank you for coming on touch milled about this company yeah how much do they relying on. Whenever I'm looking at in oil that gas companies how much is are they reliant on exploration vs production at this point. I would say they're more focused on the production. They have had considerable base of resources in the Permian which they've had her. Decades. They've been a little bit slower than. Some like pioneer. And starting on and that there's you know English they'll pack you know like 2013 and in the Permian that they. AM you know they have kind of been conservative and and and develop their assets very thoughtfully I think in disciplined. And yes definitely the balance. And there are. Their production this year ilk. But they also have. You know long life assets that there. Also investing an increasingly. Have a balance including. And oil Recovery Act in the Permian. They have an ice. From I would say as Arafat's. And that's one reason why I don't like and they're not completely independent. So. Share and then let's let's you know other than the price of oil movements where he CA's you know the big catalysts that for a company like best. Well something I like about different Occidental Petroleum and I think. If they talk about their C a talked about dip their positioning themselves but the next generation company. For a low carbon world and I think that's one thing I look at with various oil company is I would it companies that are. Transition themselves and in keeping an eye on what the future's going to mean. Yes I was gonna ask about noon at the potential political risk for seemed to be hearing more about well the green new deal for instance you know what do these companies say about that sort of thing out of the address. That potential risk to their business. Well I mean I think. Those companies that hand. Are arguing addressed in the rest like a kind of that there should they're keeping an eye on on the future and trying to make. Investments. And lower carbon world. You have focusing on their particular capabilities Oxley does same. And one of their capabilities is. Yes he had hit him recovery they have forty years of experience and that and the Permian and when they were in California. So they are trying to investment in the future not a big sister that has some sort of announcement steps. Where they think that commercialization. Of their capability it is heading so that's something kind of interesting to watch. I also I think articulate. BP obviously there there and shelter. In making inroads into trying to invest in the future and yet. You know oil going to be around for a number of decades. Assessor. Director reality of of being dependent on oil and gas companies I think got it turned out to do it. But lowering their own emissions. As well. Interest. Great with a ticker symbols OXY. That's Jennifer Warren from seeking office thanks for coming on Jennifer. Trichet. To get a few texts on the avenue Wal-Mart question. Yeah Wal-Mart Joplin it's them decent feedback here. Did the 97 me. We crusher shop at Wal-Mart once a month. Our rates and then out of the sixes three I shove a Wal-Mart grocery but nothing beats market basket enough. Oh sorry terrorist and under Mike. How dare I. Market basket that's just death their right I mean nothing beats years ago to recant or my efforts to our asses. That close that worth that and you know my the other stories that are nearby Mir okay of that market basket is worth the extra mean minister to. Out of the 413. Is much cheaper to show up there but again in Torre's been getting worse over the past year have been shopping their weekly since the Chicopee Wal-Mart. Was made in super Wal-Mart edged. Out of the 617 or by a few things a target similar to main. Nine at five a way to shop reverser atoms Al warmer because the prices so much cheaper so yeah we are seeing some of shoppers for grocery. If you ever tested out the the curbside pick up I'd be sitting here that you have got to try I still understand why are we do that or anybody would do that. And let's think about so. If you if you're saying hey I only go to Wal-Mart for the staples and around all of boil again diapers again it Cheerios and get a bunch things. Placed my order not passed on my way home anyway some news stopping and didn't put the stuff my truck and NAFTA goes head mistress not appealing to you missed free. No because I still have to go to the store. And I don't wanna go to distort little long Wal-Mart they just don't wanna go there and that's a whole. Attractiveness obviously of online grocery shopping. I get that. But your pain pain in big increase priced at the Wal-Mart options free men I think still think that's attract more power how big of a price increase. Were well what's it like if. 78. Dollar delivery charges on well yeah but you're also buying pull our groceries and others are dollars in the stories of when you do the cursory shopping like. For them you're paying an increase price to this story in addition to the delivery service. TP service handling and now. As it convenient if he can't story it's completely and so I I use in that delivery services as well. But it I have I don't battle on your army of the option on the night I mean. It's just click on an out. Tell them on line and then drive by and Medina at a time. Like whenever I'm traveling toward different offices I'll intentionally stop the BJ's wholesale clubs on the highway and packages were the stuff and it sitting there waiting for me beaches like that you Wal-Mart yeah I would. VO I know exactly it's not like the regular story going and just putting things up. I'm going for this stuff right tar that's all time we have for this our financial exchange coming back we will get some more updates on what's going on with rats that. As well as some updates on Amazon's. Exit from new York city state changes financial exchange radio network. It's not too late to get a great grade and whole mortgage leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England a dedicated loan officer will work with you every step of the way and their local decision making means a faster closing calling 8776917. B 900 that's 8776917900. Or visit leader bank dot com member FDIC's equal housing lender and MLS number 449250. Subject to credit approval leader bank a step ahead. That's the Xperia 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 nights had to pats peak on Saturday nights for one low price from 3 PM to ten via reverse ski. Snowboarding two things rentals less and get an entertainment that's because one of the largest nights in areas and all of northern New England fans one of New Hampshire most accessible to learn to ski and snowboard mountains bring your family and your friends whatever your age or ability level you'll love pats peak. Phillies info go to pats peak dot com that's pats peak God's job. Pats peak ski area and had a very New Hampshire. That's speaks seven interest premier ski and snowboard mound is a 100% opened with day and night skiing and right. Make plans to spend your upcoming February school vacation on the slopes at Pat's cheek with skiing snowboarding and snow to bank always information on conditions photos videos and events Skoda pats beat 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 leader bank specializes in a wide variety of purchase and refinance loans at some of the most competitive rates in New England. A dedicated loan officer will work with you every step of the way and their local decision making music faster closing we're bank is the number one purchase wonder among banks in the state they have sixty loan officers throughout Massachusetts Connecticut and Florida who were ready to help you find the best solution for your mortgage needs at some of the best rates around call 8776917900. That's 8776917900. Thing get your great rate on home mortgage call now and they'll mail you a free residential mortgage survival guide detailing the home buying process from pre approval to the closing 8776917900. Is the number to call or visit them online at leader bank. Dot com member FDIC equal housing lender MLS number 449250. Subject to credit approval leader bank a step ahead. The money matters radio network WB MW Lemmon William W 275 CM FM good Boston the money matters radio network. This is chuck and Mike from the financial exchange and prepare today to talk about the new guy that we're giving away this month it's titled how to prepare for a spouse is passing Mike and fortunately this is a topic everyone needs to prepare for but. What people don't take the steps because it's a little bit intimidating so let's start from the beginning. Thing happens to both to be at the same time this would avoid probate process for children or anyone else that's listed on the account by the way folks not just your investment account not just your 401K go to the bank you can have pay on death beneficiaries on really basic accounts elsewhere too like what do I have 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 but. Something happened and I need to cut my son or my nephew out of mind will I don't want them to inherit anything you must go up to date those beneficiaries on those accounts as well it will not just automatically change because you up teacher 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 finreg SIPC and advisory services offered through securities America advisors incorporated Barry Armstrong represented their Armstrong advisory group in the securities American companies are unaffiliated representatives of securities America do not offer legal or tax advice always seek the advice of a professional familiar with the laws in your state. In medieval times sharp was often the difference between victory and defeat. For skiers and riders that Killington. The end point of pride and admiration. No matter your battlefield the more you prepare for more triumphant. Here's to living more life on the edge save up to 40% on lift tickets when you purchase an advance at Killington dot com. Hi this is chuck Zahn and I've been doing business with leader bank for many years if you're in the market for mortgage leader bank has some of the best rates around and if you call right now they'll make your process even easier by sending you a free copy of their residential mortgage survival guide in it you'll find critical information for pre approval closing it'll also help you with the required documentation the purchase and sale agreement as well as what to expect when dealing with agents I've owned a few homes and a whole lot about the home buying process but this guy really helped me reconnect on issues that are so important to the overall process co leader bank today at 8776917900. And ask for their residential mortgage survival guide if you're looking for mortgage this will definitely help be the number again is 877. 6917900. Or visit them online at leader bank dot com member FDIC's equal housing lender MLS number four corner and two front zero subject your credit approval leader bank a step ahead. Hi this is Rachel from Shawnee peak in beautiful Princeton man. Joni peak profits forty superb trails or boasting gorgeous views of the president to mountains. And lakes region of name comes skiing entreaties we offered stiff and related areas to play and and free spring practice range from good enough streak to eight start teaching. Did you notice Johnny deep pockets mean most nights in New England. Nineteen about sales and at six nights a week and the cost of nineteen it's always included in your daily ticket. Johnny PR for his family friends and outs and action packed calendar of events. And fantastic ski and ride programs to get used and you crew on the snow and having fun ski pole day and into the night to make plans now it's Johnny. Calm. Conditions are outstanding plenty of snow upcoming adventure camps moving night's deadly day fireworks Bruschi and more visit China keep doc called fallen for. 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 very Armstrong and I've been doing business with leader bank for many years so if you're in need of a bank with great rates on checking and savings accounts look no further than leader banks Zuma rewards account qualifying customers will receive 1% back on debit charges 10% back at featured businesses no minimum balances required and no monthly fees but that's not all leader banks zug will rewards account has a two point 05%. Annual percentage yield if you're searching for great 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. In a deposit to opener annual percentage yield is ten dollars to 23% interest rate messrs. until late fees reduce earnings re subject to change without notice leader bank a step ahead member of the icy. And I. This is the financial exchange with the Barry Armstrong and show Oksana. 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 Barry Armstrong and sharks done us. Good morning getting back to trade talks today of course or private talk about it all week but that's a big story of the morning markets are slightly down this morning Dow's off about 37 points on its true significance about 110 of 1% NASDAQ slightly up some. It's next. But trade talks are resuming in Washington today between United States and China led by Robert White Heiser. It will be you know reporting on this all week it sounds like but it sounds at least the markets are factoring in the we will not be seeing. Any increased terrorist going to place on March 1 as had initially been planned it was backed off a little bit by the trump administration. And the talks come Matt finished in time. Because it is a few different balls in the air just over the weekend. The trump administration received a Commerce Department report which laid out a bunch of options for potentially blocking auto imports. From mainly Europe Japan and South Korea so we've got the ongoing China trade talks you've got the potential for new tariffs on. Auto imports. You've got the and did the new NAFTA if you will was renegotiated that needs to be pushed through congress a whole lot of stuff up on the on the docket the next few months here. Fun a lot of analysts are saying man it's. You know the champ administration needs to show some progress that terrorists are an effective way making movement in trade negotiations. Wreck you know news story out actually right now on by fortune is saying dance. German Chancellor Angela Merkel is not happy at all about the commerce report coming out in the prospect of new terrorist into obscure countries it. Auto makers is so. So apparently. Merkel senator recent conference in Munich. That. You know she said quoted for serious about the transatlantic partnership it's not very easy for me. As German chancellor to read that the American Department of Commerce apparently considers German and European cars to be a threat to the national security of the United States of America says she is firing back. And so it's gonna be interesting to see what trump opens up with is he kind of takes this on on all fronts. It's going to be especially interest in because believe it or not this is just. The worst news that I've gotten this week but believe it or not. Democratic debates are going to inspire off beginning in June and July 2019 so we're having political debates happening just this summer. And trade is obviously going to be won the big items produced on about that that political pressure is going to bean counting trump administration to prove out that hey. We impose tariffs and we got a better deal man did that that's going to be him to pressure here and we'll see is obviously that march 1 deadline was delayed a little bit and I am. We can't delay it a whole lot further without getting into the heat election season and you probably wanna have something done there on China before there. News out of the UK we've had a lot of news about just. The league slowing demand we're really worldwide. But in China and in Europe particular war. Vehicles. Just slowing demand across the board and you're seeing it with Honda to. They are shutting a major UK production plants. They're not citing specifically. The prospects of perhaps it but you got in its press play and about it. April we're not saying it's brags that but it's pretty. So. Number of people who are going to be affected me 3500 people work at that plant and then in the factories play Cheney got thousands more who you know have jobs at stake at this. And it's really it's not just Honda I mean Nissan is looking at pains. You know jaguar which is a subsidiary of Indians tied and motors is looking at things elections have consequences folks yeah. You voted to leave the European Union people warned hey you go and do this companies are gonna want do business here Griese can't. There you produced that pond in the United Kingdom. And nobody has tied to any idea what's gonna cost to get it into the European Union. So yeah Honda's closing down their plans expects to be fully closed by twice between 2122. And. And I found it interesting that in the case of Nissan and Honda. Recent free trade deal between the EU and Japan meet more economical for them to manufacture vehicles in Japan. And show the ante here at. And every ticket is the UK's outside of that trade imbalance that's treating him. Yes we're gonna see more of this I think you're gonna see a lot more US and Japanese auto manufactures saying. We're not sure wanna manufacture in Europe and we definitely don't want manufacturing leader in the United Kingdom this the plaintiffs in Swindon. Which was a very program that district in southwest England witches. In. 3500. Pundit jobs expected this disappear in kingdom before 20/20 two. Speaking about potential jobs disappearing. We got news what was last Thursday about New York. Out of the running for the Amazon had orders but it was Thursday. You know sewed chocolate high chopper is wrong about. While favoring it after he was. He said that and as I was gonna stay in New York area decline tax cuts. That was his prediction that we got you're right so current nature you bring that up with him tomorrow he's wrong about something like. That it is he's unfortunately frequently what are elastic words out of his mouth but I'm pretty sure he thinks there's a possibility did you stay in New York. That that was thought that's clearly not at this point. Saturday very editors I think doubled down now is a 2.5 billion dollar plan for a New York City headquarters 25000 jobs now lets you know breaking this down a little bit they weren't planning on airing these 25000. Total employees until 20/20 eight they gave themselves say nine year you know. Plan here in nine year runways it's not like there's just huge and jobs are immediately goes there. But you know pretty significant. But any other thing about when you have a headquarters vs just leasing out some space. He you're making commitments your neighbor and then you again an ecosystem that fills out around at that also creates jobs. Rates a lot Amazon my habits you know slow hiring plan for itself you knew you're losing out on the ecosystem as well. The obvious to see him. See you're gonna still put 25000 jobs somewhere they've got tunnel locations all over and got a pretty big Boston presents but I think that maybe that Virginia is in Virginia where that right outside DC and his Virginia plan now is gonna get a good bulk of that 25 data out in Nashville was given but it. Pump those two area. Now. Well I'm looking protect cuts rate. There they're gonna look at everywhere where in attacked employees or possibility Boston. Yup definitely benefit the Austin, Texas San Francisco advance concerto benefit Seattle obviously they've got better and they've got their neighbors there and that'll Lawson benefit paid. Does bring questions about this. Clearly a lot of voters are not terribly happy about the amount of tax departure tax incentive incentives that are given to these big companies. I wonder how much blowback there's going to be. It's not just from New York but other states saying we don't want this anymore you've seen it. This and perhaps drawing a weird similarity here bit. Think about it. The willingness of cities to take on the Olympics of the last decade I feel like this kind of following suit with that people said we don't want. The Olympics in our town we've seen what happens other cities. People are saying hey you've seen what happens with other cities in the off these huge tax incentives. And it doesn't seem to have worked out all that well we don't want you anymore. Yeah yeah and you know companies can find other ways to grow in the area without having to negotiate these kinds of deals. I mean Google you know last fall started expanding in New York. In the end Oregon and all the attacks and is now everything it didn't it didn't negotiate any of those adjusted field actually their had to slowly building up to its eyes on the you've got a classic prisoner's dilemma here. It's the prisoner's dilemma is if any one if all of the states band together today were not going to offering tax incentives. Then as a group all the states we better off it is the after tax incentives in its top steel built there. But if any one decides office tax incentives Lee's. So in all likelihood there's still going to be sent tax incentives unless they yet outlawed federal rules so my only question and mrs. New York says no thanks. Or Amazon says no thanks to New York. On so now this is not going to be HQ to. Lay out a building. There's still enemy HQQ what it's spread out sprint. I'm kind of someplace else there this way you yeah. And it was all you did hear it in need to do this page just beat HR away and this is all we're talking. Six outs breyer's DHQ two and has longer than six months is there and it was like you know episode episode of the bachelor were all these cities had to elect. Him he's like that is if you get an Amazon would have to hand over roads he said. It was I literally watch and presume you're bowl the previous Super Bowl you're looking at yeah marshals and daylight. They do something about some past. Alexa what's the weather in Austin dancer ever oh god they're going to be expanding Boston everything that they said. And he saw Jeff Bezos on a beach in Miami. Right after yeah it was just this whole PR thing like a full year. Bridges and Alison like you know organ in the HD two I wanted to say four days I was first to sport they choose the pitchers to different locations and an further disappointment there. Not even. Some smells I'm not convinced that you don't New York will snap I'm kind of what chuck on this one I'm not condensed net and its oral publicity stunt. Let's they would break when we come back we're doing trivia so bogged Richard Richard thumbs ready will be taken Texan for trivia answers and that number of other stories to get your including apple and their whole executive shake up stay tuned right here to the financial exchange radio network. It. Everything business and finance it's the financial exchange with Barry Armstrong in chunks of on the financial exchange radio network. Getting married is one of the great pleasures in life growing old together in making incredible memories is something that can never be taken away but as we grow older the death of your spouse is something that is painful as it is you need to played for hi this is very Armstrong in my firm the Armstrong advisory group has a brand new guide out this month to help you prepare your finances in the case of a spouse's death we have identified several strategies that can serve as a guide including sharing the responsibility for monthly expenses updating specific beneficiary information in examining how to clean your Social Security benefits call right now 803934001. That's 803934001. -- get your free guide today you can also download your free guide right now by visiting Armstrong advisory dot com. Dirty suffered histories and are incorporated member can SIPC and advisory service is offered to secure his work advisors incorporated Barry Armstrong represented a strong advisory group the securities America companies are on affiliated representatives of securities America do not offer legal or tax advice always he did voice of a professionally with the laws in your state. 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. Dirty suffered histories America incorporated members and SIPC and advisory services officer securities America advisors incorporated Gary 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 winter 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 for the. Work we'll still be there tomorrow January delivered over five feet of snow and lose wide open. Three mode peach tree skiing award winning terrain parks and New Hampshire is only super fight to save on tickets at loon NTS dot com slash tickets. If your land -- property manager rent collection can be very challenging especially if you own multiple properties leader bank has a program that can help you it's called C deposit this is another free program which streamline the opening of tenant 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 C deposit dot net member FTS EU leader bank a step ahead. And I say no you probably think that the step that falls out of the sky at grand more than 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 events. Snow is what leads deal that simply print more inexperienced clincher our way. Get at today's conditions and calendar tracing 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. It promised. We have available. Trivia weekly trivia every day here on the financial exchange. If you have never played before you text the answer to 63566. If you never texted the show before. You do need to write buried BA RR YB text message. But we were going to be taking the third correct answer to this question. As talkers points out please don't text in fifty different times. We're only gonna take the first crack into Internet itself Tucker Ellis Richard don't wanna do yup so only text and wants it the correct answer we will get it. You don't need taxed once at times. Trig is brought you by the archer advisory group at the markets still ballclub now is a great time for review of your portfolio. Call 803934001. And senator free no obligation consultation today again that number's 803934001. Like I mentioned your text. Us at 63566. With the correct answer and on this day 74 years ago. Nearly 30000 US Marines landed only Regina marking the beginning of a crucial battle that lasted over a month. We'll be asking trivia question about the battle view which and in the famous flag raising photograph only Regina. How many Marines are hoisting the American flag. Once again in that famous flag raising photograph when he Regina how many Marines are wasting the American flag text that's at 63566. Would announce the winner. After annexing more question. Your question in question at tumbling out. And so. We are talking about in the first hour Tucker about auto sales in the US obviously seen a huge trend towards suvs in the dealerships seemed to be finally catching up. Either inventory that that game their inventories finally catching up weird not seeing as many sedans while you're seeing a lot more suvs and trucks on the lot and all the discounts are going towards those suvs and yeah. So we asked on our. On our website how what kind of vehicle you loan right now on one of the results of foreign how to people cast their vote yes so far. That trends resonates with our listeners in terms of the yeah issue be. 47% of our listeners own he issue V. Forty point 4% bonus Dan and only eleven point 9% owner truck which surprising idea. Prius press there's a ton trucks on the road you can cast your vote at financial exchange showed dot com Tucker has instructed if minivans fall into the SUV cat I think that's fair I completely disagree with why if you drive me because she is apparently raised as an excuse me all the sports station wagon on their two. So you can cast your vote where you Travis at air weapons station wagons sedan hatchback. Hatchback sedan and dad minivan apparently is an SUV today my tester ravaged deceit just how big this trend has been certainly all the new sales seem to be going towards suvs and trucks and now. Look at. Francis Ford producing any sedans anymore which I think it's. Just huge mistake. I think that's come to bite them so bad yours. UC gas prices I don't box again Allen and all the sun disconnect. Or back and bankers have short memories from our memories in terms of sedans but cast your vote financial exchange showed dot com and we will try and reduce the debt pool for the into the show. So apple obviously very much shifting their business at the end of last year they stopped disclosing them iphones they would be selling of recorded just reporting you know how much revenues coming from their different segments and they're really trying to hit it. Away from what has been really they're only profit generator for the last decade decade and half witches sales of their phones. Today it makes up a little bit more than 60% of their total revenue. But you can see their executive shake up has really the new year what they're trying to do their terms driving more services. Yeah you know it's interesting to me because like you said growing services business which includes their streaming music subscription Napster is sales of mobile payments. Now they're moving more to contents are thinking about starting a new survey says they're making their videos and and you know along the Amazon and Netflix and Hulu models. Tuck at all about the core business of the the computers or anything anymore I mean really starting to move laid. You have to wonder a half now. That means the upgrade. Cycle that people these days I think you really have to move away from I don't think they have a choice I think this is a I don't know if they're gonna execute it well but I don't think they have a choice here I mean. How old's your iPhone. I just got to. How old is your I thought before you just. It was four years old I was on the iPhone six pass images suckered into the NR dividend focused and I do have an eye and in nineteen only changed it I've been changing about three years the Chinese and it it it always has me so what do you have now Christine let via FedEx. A patent yup. Kids held it yeah Tampa Florida it's to Allentown and he had Matthew as a stamps they're gonna be on like Kate you know twelve month cycle there. It's actually pretty firm she she keeps her parents alliance and I give her a lot of cries to destroy. Her. I just drop dead you read it just is a disaster. Why I mean by Iowans are also freely talents to the prices they. As. There today our affiliate the phones you know with the iphone's of the world are more apt to be broken right more easily you know. Oh in Apple's in this interest position that got this massive universe very loyal customers it's just what can they sell them at this point I mean they've really it seems like they backed off of the autonomous vehicle things are really pushing into action if you like I want to layoffs in that department it doesn't sound like that's going to hear me well. The health. Area seems to be interest so we're definitely crying her hand with aging demographic. Is Manning into health and Chinese ethnic and the and you think you know. You would think that given their existing population there that could really do some interest in studies. But I it's gonna be. I think apple has a couple main advantages one that got him to be universe. US customers that's hopefully get some days on and decide what to do there. They also are starting to develop this reputation for privacy. I don't think that was a really big selling point of apple five years ago you know they're selling point Felix was fashion five years ago and now I think it's moving towards. Hey we are the one tech company out there that's not going to share your data. I think they're doing good just didn't Marat touting my marketing at that point because a lot of people are worried about and I had you know I've got a Google phone and I'd actually kind of I've never considered buying buying into the apple universe that with all the security concerns and all the data sharing with all the garbage that's been going on yeah Google and FaceBook has said. It should I be making a switch I mean apple has always. Then about security and privacy you know me you know there are matters this cannot get viruses. In domes so big you know you know you're operating on a secure device and you know privacy is one of the number one. Com. I guess mission statements you know. Had to diet to meet that would be like the biggest selling point of any products to point out where hey you know we. Kicked off FaceBook from our programming we'd get punished Google because they don't follow our rules and now we have the one company out there that we're going to make money and you by selling your product and selling your information that that's huge selling and nor mentioned earlier but the other thing that I've been very curious to see how it pans out I think it's gonna fail but wherever they're doing with this. Streaming content. I just don't know what their ultimate mission is here I mean is entirely and Brian Reese Witherspoon and other actors and you know. Other celebrities and act passed since I don't really know where there grave behind the eight ball right you need way to catch up to Amazon and Netflix here. He spent fourteen point 24 billion dollars on. Coming back we're gonna give you the answer the trivia announce our winner and talk about the massive US deaths. 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 haven't started in the state plan yet now is the time the state and message protection claiming his critically important to those of you were nearing retirement age or are already retired. Because without a solid plan many problems can arise take the time to avoid that kind of issue by calling 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 drugs that are available but two of the most common are rev a doable and irrevocable trusts their major differences between material so before you put pen to paper did some solid advice from someone who knows 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 -- 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 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. 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 this is chuck Zahn and I've been doing business with leader bank for many years if you're in the market for mortgage leader bank has some of the best rates around and if you call right now they'll make your process even easier by sending you a free copy of their residential mortgage survival guide in it you'll find critical information from pre approval closing it'll also help you with the required documentation the purchase and sale agreement as well as what to expect when dealing with agents I've owned a few homes and a whole lot about the home buying process. But this guy really helped me reconnect on issues that are so important to the overall process co leader bank today at 8776917900. And ask for their residential mortgage survival guide if you're looking for mortgage this will definitely help be the number again is 877. 6917900. Or visit them online at leader bank dot com member FDIC's equal housing lender ML customer for Portland to try zero subject to credit approval leader bank a step ahead. It's 6 AM you don't beat you horse. Doesn't matter my buddy knows the drill anyway because we do this every chance we get. Like cute Christmas he's going to be the window skis at the door hot cup of coffee in hand that you dream just in time for first tracks in Berlin. January delivered over five feet of snow and lute is wide open wheel. 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 felt 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 revote will trusts have taught you what is the biggest difference between a read multiple verses and durable global 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 just tell you what we're talking about the differences between a Medicaid irrevocable trust as folks there's so many kinds of irrevocable trusts out there I want to be clear that this is those income only Medicaid. Irrevocable trusts that are designed to protect assets from the owners now vs. A revote couple family type trust. The biggest difference between the two is that the revote couple trust will never protect assets from the nursing a five years ten years doesn't matter how long your assets are an. But with an irrevocable trust. After the assets have been put in there for five years. Then they will be protected from the cost of long term care that's really the difference well let's haired pain attorney to draft trust to revoke and I just go and have them change it to revoke 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 probable irrevocable and the opposite here 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 that you have about the differences between revote Kabul and irrevocable trusts you can request is brand new guide 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 866848569. You might not be able to keep up with all the latest business and finance news but we can't fix the financial exchange with Barry Armstrong and chunks not a on the financial exchange radio network. Played a little bit of trivia before the break and he corrects. Answer. The question was how many people raising the flag any Regina. Tony do you war received the American flag bill from Winfield had the correct answer correct answer is six. He's taken away the fifty dollar gas card trivia today has brought you by the Armstrong advisory group with the market still vault now's a great time for review your portfolio call 803934001. And set up your free no obligation consultation today. Again that number 803934001. So there's this article in the Wall Street Journal today. And it titled worry about that not so fast some economists say it's instincts I think Berry might of interviewed was that Warren most of last week. Yes war in Mosul was Cheryl Goran Mosul there is you know one of kind of the founders of this modern monetary theory. Of economics which basically says that the national debt is irrelevant and doesn't much of that that was at the general conclusion of the correct. So I mean at this point in time before the 2008 financial crisis debt as a share of GDP was. 34% currently sitting around 70%. At the end of 28 team. Treasury yields have fallen so that dad is little bit more serviceable. But it. I don't know what to make that theory that really the level of debt isn't all that well it's certainly. Mean very insane he could go up as high as 90% GDP. 88 I mean. I guess you can make the argument we've gone from 34 to 78%. We really haven't seen any native economic impact to to the unit yet states at this point. It is it fair to say that it all hinges on our ability to keep interest rates as low as they. Certainly that let's just explain says the the idea between this modern monetary theories that you should really be basic. Basing your spending policies. Based on. Keeping inflation that that's really the key point here is as long ways inflation is low don't so much worried about the dad but obviously if you went and spent. You know three trillion dollars on infrastructure that's going to bump up inflation that. My concern with this whole theory here and that's that's fiery have smarter people than me like more and on the show to talk about this is. If you do see inflation ramping up. And then you know the logical next step would be to bump up interest rates to combat that at which point the debt does become serviceable. So I am and I get concerned about this it seems. Slightly irresponsible to. Yeah I mean it never seems like a good idea to go as high end ratios we seem to be going right now almost almost a curious Diane. By another on argument that's you know interest rates are likely to remain low in the coming years as the population ages there. Talk to me a little bit about that liquid how it is an aging population health us that the interest rates remain well. I think the idea there would be. As people are as seniors are reaching retirement age perhaps that's what they're doing with their money that would keep interest rates closer if they're taking all of their money in just buying CDs. And treasury bonds that demand for those fixed rate investments the fact that they're pouring money into cash like investments wooded. If you increased demand for those are things it's gonna drive down in the interest rate so if they're getting out of stocks for instance and buying things like treasury bonds and that demand this treasury bonds would presumably keep interest rates lower. Yes that's making a pretty big assumption that's action what happens here about that would at least be theory. It just seems secure just and pushing the debt on to the next generation I mean that's basically what we're talking about yeah I mean you know you don't create an urgent need to deal with the debt to well kind of push it along. I think what the economists would say of this and amp T is. That doesn't matter breeze you never need to fully paid it. You can just continually have a deficit and made level yet here that is pretty substantial I think the other thing that you know it. Yet a look at it saying. Well. A country like Greece might appeals stains and a debt it is people are worried about Greece defaulting but as long as the United States remains. You know the shining star in the global economy as well it's. The strongest military that bugler and still be willing to. Lends to a speakers. Him prettiest. Prettiest country at the dance seems like a pretty naive assumptions and yeah. It's. I mean it's. Probably not very popular economic theory. Yeah folks if you haven't started in the state plan yet now's the state NASA protection planning its 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 top ski a partner with the law firm of Cushing in bill. Toss an expert in taxation now Delonte can help you identify the right kind of plan for your fan. There are numerous kinds of trusts that are available but two of the most common revote Kabul and your revoke trusts. There are major differences between the twosome before you put pen to paper gets a solid advice from someone who knows and can advise you on the best way to put together your plan. Crescendo as a free guide out this month on the differences between rebuilt Kabul and your rebuild both trust you can get it by calling 8668. Or eight. 5699. This guy can even show you how it's possible to eliminate your state taxes while protecting your assets from creditors. In the long term care expenses call right now. To get this free guide 866848569. That's 8668485699. Or download it right now from their website legal exchange show dot com. Can either of you recall a big. Amazon movie hit that they've had the last few years several what have been their BA guy right now I can think of some Netflix box office hits but. I don't really know of any BEQ. Amazon it. Though only one that comes to minds. Was Manchester by the C. A couple of years ago without Casey Affleck that was actually the first movie. So I think that was part of without box office tried to but it was a great movie it was dominated. Com I think for best pitchers well movie big sick I don't think that is huge box office hit but I saw basic it was a pretty did it well you know what I saw that want to do it those gut. But I mean 2018 they just missed them all aiding and anything is nominated in Netflix and blew the cover off the ball so in Roma. Obama now. It's beautiful. Absolutely dead of well knowing that is an afflicts yup you know that's Netflix and theaters as if it's probably one of the favorites for best picture this coming Sunday that and it's such an interesting style tube down every now is that all subtitles. Largely because of mostly speaking Spanish and I might struggle with that and just as it is so distracted. Like it just wanted to telefono oh crap I missed aligned with the wind. I mean it was a spending big big money here and they're not really putting out. The type of quality stuff that Netflix is producing and we don't know they're not NATO compared how much it Netflix is money mean all of Alex's parties going into this where's portion of Amazon's is right. There have to shake things up here word. Make shift begins yet really it added. Pretty rough 28 team. Yeah I mean it was on like. Actually teach the contents series like that that has been improving and I think it's pretty close to Netflix in terms of like their actual movies. As said we have seen an Amazon did that Jack grind show which apparently did for yet well I was with Jack Ryan. John presents Kia you don't you guys watch that was it. I saw the first. Like 45 episodes is good I watched it. Kind of stop watches Clegg at 24 to Asia and yet just. Watch it's you don't think much crap. Not someone at that Julian Robertson was calm and go home coming down I was hurt or fix things on the it was it was creepy news current and now evident they fined man castle and the high castle and I. That's like one on there older shows yet in its third season yeah that's points. Yeah I mean compared to Netflix ages. Aren't really putting as much stuff and what's with the Amazon prime membership is 140 bucks a year under 19119. Bucks a year. Probably don't again. I guess that's comparable Netflix. More aria it and ton more. You know obviously you know online shopping insider did you know him as a music to. Clouds were coming to chide scroll through all the stuff. Think sometimes and dislike this is the last week chancellor Netflix is reduced we weren't watching it enough for me might go back and Netflix for like six months just to catch up on a few different Syria there's so much content today like DDR as bowl we've got Amazon prime that I watch a few things honestly I can get around to to Netflix right. I mean and that's the sandwich costs this thing we're for bearish talk voters. He might just cancel you know a Netflix. And then take up and Hulu subscription and then cancel Hulu in the two terms of attention towards ams on. Prime video and so on and so forth pretty much so you don't have to subscribe to all these things at once he you know he did. Now. I've got to PlayStation view witches pages with a forty bucks month fifty fit into its now. Who's to it's one of those streaming. Services you get like forty channels. Big ones for us for NASA in HE TB and Food Network and all three plus all the local stations much football stuff like that right. We cut our we had the Verizon Wireless. You know Internet phone and TV or pain 17 B. And now with just Internet and this PlayStation but we're down to mean so that a factor yet able. So dividend McCain yeah I hear from people that their triple play with all the stuff like 200 plus dollars a month so I'll I know people paint over 200 month yet. It's it's it's into it while you can deployed as watching Netflix anywhere that there. Actually Netflix I mean Miami Dolan steal watches some of the cable channels. For me to be one thing. June or July Disney's rolling out there streaming service that's right. I'd like I didn't think that was have to jump on that border. My daughters have watched. The movie one like fifteen times last three days yeah yeah I said to be here now make my life easier now. Anyway we gotta love that side rail deer ran take a quick break coming up Annie Hall from CNET coach I was gonna talk to us. But between nineteen Dodge Ram 15100 stay tuned here to the financial exchange radio and. And include. Every child in the financial exchange on FaceBook FaceBook dot com slash the financial exchange this is the financial exchange radio network with all of the different types of trusts that are available for a state plans it's a laundry and keep them all straight the most common -- -- -- -- and irrevocable trusts and if you wanna keep it simple in the case you haven't done your claiming yet in a difficult time let's keep senior partner with Cushing in Dolan Olympia state planning process overwhelming you because that's exactly what will happen if you're not careful called today and get tons free guide told the difference between replica will end reputable trusts it'll help you decide which one may be right for you while also educating you on how to avoid any confusion that comes of making such a difficult decision caller right now it's 668485699. That's 8668485699. The guy can even show you how it's possible to eliminate your state taxes while the same time protecting your assets from creditors and long term care expenses led to rushing in -- help your family the way they've been helping others for over thirty years co lead 668485699. The number again is 8668485699. Or downloaded right now for free from their website legal exchange showed dot com. Your dream home is within reach with a Jumbo mortgage a loan from leader bank they're Jumbo loan program designed for financing an excess of 500000 dollars offers fixed or variable rates for both purchases and refinance us all originations are managed by leader bank's local underwriting and processing teams for additional cost information call 8776917900. That's 8776917900. Or visit leader bank dot com member FDIC equal housing lender and MLS number 449250. Subject current approval leader bank a step ahead. Getting married is one of the great pleasures in life growing old together in making incredible memories is something that can never be taken away but as we grow older the death of your spouse is something that is painful as it is you need to play it for hi this is very Armstrong in my firm the Armstrong advisory group has a brand new guide out this month to help you prepare your finances in the case of a spouse's death we have identified several strategies that can serve as a guide including sharing the responsibility for monthly expenses updating specific beneficiary information and examining how to clean your Social Security benefits call right now 803934001. That's 803934001. And get your free guide today you can also download your free guide right now by visiting -- strong advisory dot com. Dirty suffered history America incorporated member and SIPC and advisory service is up interceptors America advisors incorporated Barry Armstrong represented a strong advisory group the securities America companies are unaffiliated represented as a secure is America do not offer legal or tax advice always he did voice and professionally with the laws in your state. If you're real estate property management company you need -- banking partner that has all the right tools to keep your operation efficient leader bank is one of these premier banks in the property management and real estate space offering a suite of unique products and cash management services helping collect rent managed Condo association payments and digitize paper checks hi this is chuck is not a 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 and its innovative -- rent payment platform leader bank has a team of business bankers that are on -- help you know come to your place of business to make it as easy as possible number to call your interest did is 8776917900. That's 8776917900. Find out why many of greater Boston's premier property management and real estate companies choose leader bank is their banking partner call 8776917900. Or email BBO what a 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 -- hassle out of rent today with zero and leader banks all mine rent collection tool he -- automatically deducts tenant's rent and deposited into your account visit WWW duds he ran dot net to learn more when you 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. We're joined now Miami hall from CNET roach coach talk just about between nineteen ram 15100. Amy thanks for coming on talked me about the rant mean. I've to leave this product the third best selling truck in the United States which behind Ford F series and the Chevy Silverado how does it you know hold up to its big competitors. Honestly we're getting at and editors' choice I do it I think at bat in the Iowa. These are. It right a lot better than. Board act and a lot of the other there at eight finally. After it was great. Really apparent deal overseeing these things turn instead. Almost like luxury vehicles at this point what they've done with the interior. All sorts of you know bells and whistles that we talk about. Yet so you can get an optional well in there and at all vertical. Like it's basically I'd act. In the batter on all and you can bet that. And 11 on one you'd. And they're really an easy to use it apple cart odd that are hot but actors like. There's would be. By the USA. And he ordered around here regularly read on outlet there that. It opened back. Work motor. I am mile record and were able. That. Don't work what you need it like when you're calling me up a line there though it already got. 400 and work. But would mark another. 130. How to eat pork barrel. A lot more power that they are a lot. Eight. I mean. I would never be telling something as big as it probably could with one of these because the war tenure how much waking you really tell with one of these things. It configured you can still. Well out now that I had was. Out and out there. Were more like a lot. Your. Out. My heart went. Out and I. Out. There and it was pretty I mean it didn't really know it was acted on parliament cat but it. Is that that we prepared watt it's a little bit but there is an ops in all year and it level that out there and it. I recommend. Our air but it won't hear on cloud. Where does this thing start for price standpoint and where people actually gonna end up spending on. Yeah but I think it attracted a cart yeah pretty. Importantly it. That under that out now but I. There are. More. I'm not the top of the line but that are. These Greek man and everything that I had a bike but there was almost. 7000. Dollars or not. 67 grand for a track. I have no idea. I mean I have I ever loved to go look at the prices it yes souped up BMWs Mercedes and saudis. Compared. Or even a new level. Or are out. But that if you look at art app one of the book that. On board people are prices. Manufacturers are an argument. And art and on art is so that's why were being being beat up in the people want them and make a lot of money Batman actor. There actually mean hall from CNET Russia thanks coming on talk about the 2019 ram 15100. Pretty glowing review. And you know hopefully but the bounce back I believe that the rain didn't do too well and in their 28 team also everything is coming on appreciate it. You can take care. I mean. I guess that's that's the shift that I think are seen as if people are buying less of that maybe you're just buying less of these sports cars and less of these you know luxury the Mercedes BMWs and just spending that money on trucks and said. Then. You gotta wonder too in the truck sales no debate what. When they just signed tracks and things like minivans included now I just as you just gotta have a pick up bad for us to be considered so I think that's really what they're factoring in here and dad I see. This is from a ad business insider article that the Ford F series and the Chevy Silverado and twenty team both saw in a pretty strong growth in terms of vehicles sold but the ram pick up last year action saw a decline. When you saw you ticket sales through the roof so that that's pretty interest and Tucker let's take a quick look at our poll again before we get out here at financial exchange or dot com. Yeah apple portion of the day speaking of trucks and all that stuff now what kind of vehicle. Or do you owner 45% of molesters own as it stands so there's a shift there in the results and 41%. Owed an issue V and thirteen. Point 2% of our listeners. Own trucks are surprised yeah I can anymore to build it higher earning. Now I'm off I'm agenda especially now with the you know when the program fifteen and emerges talked about. In all the bells and whistles and all the space and everything and and its luxury on the inside and everything like that so you thought ordered an hour. What do thoughts or we're talking about Wal-Mart earlier in the show they had a pretty solid earnings report they saw their e-commerce sales. Up forty plus percent that stock today is up three point 65%. While. Looking at markets over all the Dow right now is up 32 points a little bit overtook the percent after spending the morning in negative territory S&P 500 up six points as your point 23% NASDAQ. About 24 points up 13 of 1% so. You know markets generally speaking shaking off a little bit of that concern about the US China trade talks but a lot more news coming out on that and any announcements could move markets significantly. All the time we have setting off on the financial exchange with Christine gunmaker Sharon to pursue all of us have a great day everybody we'll catch you tomorrow.